HomeMy WebLinkAbout26-28707 - City Council - OrdinanceORDINANCE 26-28707
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE ROCK CREEK PID CUSTODIAL FUND BY A
TOTAL OF $1,691,247.00, OF WHICH (1) $1,616,247.00 IS FROM ASSESSMENT
REVENUE AND (2) $75,000.00 IS FROM AVAILABLE UNRESERVED FUND
BALANCE; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL
ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE
DATE.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
SECTION 1.
In addition to those amounts allocated to the various City departments for Fiscal Year 2025-2026 in
the Budget of the City Manager, there shall also be increased estimated appropriations in the Rock Creek
PID Custodial Fund by a total of $1,691,247.00, of which (1) $1,616,247.00 is from assessment revenue
and (2) $75,000.00 is from available unreserved fund balance.
SECTION 2.
Should any portion, section or part of a section of this ordinance be declared invalid, inoperative or
void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way
impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions
shall be and remain in full force and effect.
SECTION 3.
This ordinance shall be cumulative of Ordinance 27979-09-2025 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions
of said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY:
Assistant City Attorney
ADOPTED: August 25.2026
EFFECTIVE: August 25.2026
Jannette S. Goodall
City Secretary
Ordinance No. 26-28707
Page 1 of 1
Fort Worth Public
Improvement District No. 17
(Rock Creek Ranch)
Annual Service Plan Update - Fiscal year 2027
August 25th, 2026
For additional information, please contact:
Initial PID Administrator:
MuniCap, Inc.
600 E. John Carpenter Freeway, Suite 150
Irving, TX 75062
469-490-2800 main
866-648-8482 toll free
City of Fort Worth:
Department of Financial Management Services
City of Ft. Worth, Texas
200 Texas Street
Ft. Worth, Texas 76102
817-392-8500 (office)
FORT WORTH PUBLIC IMPROVEMENT DISTRICT No. 17
(ROCK CREEK RANCH)
FORT WORTH, TEXAS
ANNUAL SERVICE PLAN UPDATE
A. Introduction
The Fort Worth Public Improvement District No. 17 (Rock Creek Ranch) (the "PID")
was created pursuant to the PID Act and a resolution of the City Council on December 13,
2016 to finance certain Authorized Improvements for the benefit of the property in the PID.
The City of Fort Worth, Texas Special Assessment Revenue Bonds, Series 2017 (Fort Worth
Public Improvement District No. 17 — Rock Creek Ranch — Major Improvement Project) (the
"Major Improvement Bonds"), in the aggregate principal amount of $12,685,000 were issued
to finance, refinance, provide or otherwise assist in the acquisition, construction and
maintenance of the Major Improvements that benefited all of the property in the PID. In
addition, the City of Fort Worth, Texas Special Assessment Revenue Bonds, Series 2018 (Fort
Worth Public Improvement District No. 17 — Rock Creek Ranch — Roadway Improvement
Project) (the "Roadway Improvement Bonds"), in the aggregate principal amount of
$5,155,000 were issued to finance, refinance, provide or otherwise assist in the acquisition,
construction and maintenance of the Roadway Improvements that benefited the Western
Improvement Area within in the PID.
The Service and Assessment Plan was initially prepared at the direction of the City and
approved by the City Council on August 15, 2017 identifying the Major Improvements to be
provided by the PID, the costs of the Major Improvements, the indebtedness to be incurred for
the Major Improvements, and the manner of assessing the Assessed Property within the PID
for the costs of the Major Improvements. The Service and Assessment Plan was updated at the
direction of the City and approved by the City Council on June 5, 2018 (the "Updated Service
and Assessment Plan") identifying the Roadway Improvements to be provided by the PID, the
costs of the Roadway Improvements, the indebtedness to be incurred for the Roadway
Improvements, and the manner of assessing the Assessed Property within the Western
Improvement Area of the PID for the costs of the Roadway Improvements.
The Updated Service and Assessment Plan was amended and restated at the direction of
the City and approved by the City Council on January 26, 2021 (the "2021 Amended and
Restated Service and Assessment Plan") allocating the Major Improvement Special
Assessments separately for the Major Improvements related to the Water Improvements (the
"Water Improvements portion of the Major Improvement Special Assessments") and the
Major Improvements related to the Sanitary Sewer Improvements (the "Sanitary Sewer
Improvements portion of the Major Improvement Special Assessments"). In addition, The
Amended Service and Assessment Plan established that the Water Improvements Portion of the
Major Improvements are being provided for the benefit of all of the Assessed Property in the
PID (in both the Eastern Improvement Area and the Western Improvement Area excluding the
Water Improvements Unserved Tracts). Similarly, the Sanitary Sewer Improvements Portion of
the Major Improvements are being provided for the benefit of all of the Assessed Property in
1
the PID (in both the Eastern Improvement Area and the Western Improvement Area excluding
the Sanitary Sewer Improvements Unserved Tracts).
The 2021 Amended and Restated Service and Assessment Plan approved by the City on
January 26, 2021 was amended and restated at the direction of the City and approved by the
City Council on December 10, 2024 (the "2024 Amended and Restated Service and
Assessment Plan") identifying additional sanitary sewer improvements consisting of
construction and installation of a parallel force man and oversizing of the lift station which
services the Assessed Property (the "Additional Sanitary Sewer Improvements"). The costs of
the Additional Sanitary Sewer Improvements will be paid by available PID funds, the City, and
DR Horton Texas, LTD (the "Subsequent Developer").
The 2024 Amended and Restated Service and Assessment Plan was amended and
restated at the direction of the City and approved by the City Council on June 23, 2026, (the
"2026 Amended and Restated Service and Assessment Plan") to include certain additional
Roadway Improvements (the "Additional Roadway Improvements").
The Texas legislature passed House Bill 1543 as an amendment to the PID Act,
requiring, among other things, (i) all Service and Assessment Plans and Annual Service Plan
Updates be approved through City ordinance or order to be filed with the county clerk of each
county in which all or part of the PID is located within seven days and (ii) include a copy of
the notice form required by Section 5.014 of the Texas Property Code (the "PID Assessment
Notice") as disclosure of the obligation to pay PID Assessments. In accordance with these
amendments to the PID Act, this Annual Service Plan Update includes a copy of the PID
Assessment Notice as Appendix B and copy of this Annual Service Plan Update will be filed
with the county clerk in each county in which all or a part of the PID us located not later than
seven (7) days after the date the governing body of the City approves this Annual Service Plan
Update.
Pursuant to the PID Act, the Service and Assessment Plan (as updated and/or amended
from time to time) must be reviewed and updated annually for the purpose of determining the
annual budget for the Authorized Improvements. This document is an update of the Amended
Service and Assessment Plan for fiscal year 2026 (the "Annual Service Plan Update") and
covers updates to the annual budget of the PID and Annual Installments to be collected for
fiscal year 2027.
The City also adopted assessment rolls (the "Assessment Rolls") identifying the
assessments on each Parcel of Assessed Property within the PID, based on the method of
assessment identified in the Service and Assessment Plan. This Annual Service Plan Update
also updates the Assessment Rolls for tax year 2026 and fiscal year 2027.
Capitalized terms not defined herein shall have the meaning specified in the Amended
and Restated Service and Assessment Plan.
B. Update of the Service Plan
Budget for the Authorized Improvements
2
The updated total estimated costs of the Major Improvements to be funded with the
Major Improvement Bonds (including Additional Major Improvements and bond issuance
costs) was equal to $28,486,440 and the updated total estimated costs of the Major
Improvements (including the Major Improvements to be funded with the Major Improvement
Bonds, the University Improvements and the Sewer Improvements) was equal to $14,076,940
as shown in the Amended Service and Assessment Plan and in Table B-1 below.
d Major Improvement Bonds and Additional Major Improve me
Sources and Uses of Funds
Improvement
University
Sewer
Additional Major
Description
Bonds
Improvements
Improvements
Improvements
Total
Sources of Funds
Gross bond amount
$12,685.000
$0
$0
$0
$12,685,000
City of Fort Worth contribution (a)
$0
$0
$825,088
$9,433,875
$10,258,963
Net premium
$70,568
$0
$0
$0
$70,568
Developer deposit to property tax account
$10,000
$0
$0
$0
$10,000
Other contnbution (a)
$0
$486,284
$0
$4,975,625
$5,461,909
Total Sources
$12,765,568
$486,284
$825,088
$14,409,500
$28,486,440
Uses of Funds
IAuthonzed/Off-Site Improvements (b):
Water
$2,759,319
$155,045
$0
$0
$2,914,364
Sanitary sewer
$5,724,317
$331,239
$825,088
$0
$6,880,644
Additional Sewer Improvements
$0
$0
$0
$14,409,500
$14,409,500
Authorized/Off-site Improvements
$8,483,636
$486.284
$825,088
$14,409,500
$24,204,508
I
$0
(Other Fund Deposits:
$0
Debt service reserve fund (c)
$1,151,119
$0
$0
$0
$1,151,119
Capitalized interest (d)
$1,898,149
$0
$0
$0
$1,898,149
I
$0
I
$0
Developer deposit to Property Tax Account
$10,000
$0
$0
$0
$10,000
$0
Costs of issuance (e)
$844,283
$0
$0
$0
$844,283
Underwriters costs/underwriter counsel (f)
$378,382
$0
$0
$0
$378,382
Total uses of funds
$12,765,569
$486,284
$825,088
$14,409,500
$28,486,441
(a) Owners will fund all Authorized Improve
is not covered by the PID Bonds or later issuances of the PID Bonds. The City will fnance the amounts
shown. The Other contributions for Additional
Major Improvements
include approximately $271,516 in residual funds from the Major Improvement
Bonds
and approximately $4,704,109 in private funds from the Subsequent
Developer.
(b) See Table Ill -A-1, Table III -A-2, Table IV -A,
and Table IV -B for details.
(c)The PID Bonds include a debt service reserve
fund calculated at
the maximum annual
debt service for the
Bonds. Such calculation
is in accordance
with the IRS rules and the Indenture.
(d) The PID Bonds include capitalized interest
from September 14,
2017 (delivery date
of the PID Bonds) through
(e) Inclusive of prepayment of a portion of the
initial year's Administrative Expenses.
(f) Calculated at 2.98% of the Gross Bond Amount.
The updated total estimated costs of the Roadway Improvements to be funded with the
Roadway Improvement Bonds (including bond issuance costs) was equal to $8,427,774 and the
updated total and/or additional estimated costs of the Roadway Improvements (including the
Roadway Improvements to be funded with the Roadway Improvement Bonds, the Chisholm
Trail Ranch Roadway Improvements and the University Road Improvements) was equal to
$10,960,362 as shown in the Updated Service and Assessment Plan. According to the
Developer, there have been no changes to the updated total estimated costs of the Roadway
Improvements as shown in the Amended Service and Assessment Plan and summarized in
Table B-3 on following page.
Roadway
Chisholm Trail
University
Additional
Improvement
Ranch Roadway
Road
Roadway
Description
Bonds
Improvements
Improvements
Improvements
Total
Sources of Funds
Gross bond amount
$
5,155,000
$ -
$ -
$ 5,155,000
Bond premium
$
88,228
$ -
$ -
$ 88,228
City of Fort Worth contribution (a)
$
3,184 546
$ 1,239,594
$ -
$ 9,496,816
$ 13,920,956
Chisholm Trail contribution
$
-
$ 635,002
$ -
$ 635,002
Other contribution (b)
$
-
$ -
$ 657,992
$ 40,846,000
$ 41,503,992
Total Sources
$
8,427,773
$ 1,874,596
$ 657,992
$ 50,342,816
$ 61,303,178
Uses of Funds
(Authorized/Off-Site Improvements.
Roadway improvements (c)
$
6,931,647
$ 1,874,596
$ 657,992
$ 9,464,235
Additional Raodway Improvements (d)
$
-
$ -
$ -
$ 50,342,816
$ 50,342,816
Total Authorized/Off-site Improvements
$
6,931.647
$ 1,874,596
$ 657,992
$ 50,342,816
$ 59,807,051
IOther Fund Deposits.
Debt service reserve fund (e)
$
463,000
$ -
$ -
$ 463,000
Capitalized interest (f)
$
564,902
$ -
$ -
$ 564,902
I
$
1,027,902
$ -
$ -
$ 1,027,902
Costs of issuance (g)
$
314.100
$ -
$ -
$ 314,100
Underwriter's costs/underwriter counsel (h)
$
154 125
$ -
$ -
$ 154,125
Total uses $ 8,427,773 $ 1,874,596 $ 657,992 $ 50,342,816 $ 61,303,178
(a) The tot2lWoadway Improvement Costs are $9,464,235, which include $6,973,683 in construction costs, $375,000 in ROW, $90,956 in project
managementfees, $150,000 in developer financing costs and $1,874,596 in Chisholm Trail improvement costs. The Universityshare of the
Roadway Improvements (excluding the Chisholm Trail improvement cost) is $657,992 [($9,464,235 - $1,874,596) x 8.67%)], which will be funded in
full with private funds of the Developer. The City contribution for the Roadway Improvement Costs is $3,184,546. In addition, the City contribution for
Chisholm Trail improvements is $1,239,594 and the balance of the Chisholm Trail improvement costs, $635,002 ($1,874,596-$1,239 594), will be
funded with private funds of the Developer.
(b) The Developer will fund all Major Improvements not funded by the Major Improvement Bonds. The Developer and the Citywill equally share any
cost overruns for the Roadway Improvements (excluding ROW costs, project management costs, or Developer financing costs) under the terms of
the Roadway Financing Agreement. The Owner's contributions include 100% of the University share of the Roadway Improvement Costs, $657,992
($7,589,639 x 8.67%).
(c) See Table III -A, Table IV.A and Table IV -B for details.
(d) See Table III -A-3 for details.
(e)The Roadway Improvement Bonds include a debt service reserve fund calculated in accordance with IRS rules.
(f) The Roadwaylmprovement Bonds include capitalized interest from June 22, 2018 through September 1, 2020.
(g) Inclusive of the initial year's Administrative Expenses.
(h) Calculated at 2.99% of the gross Roadway Improvement Bond amount.
A service plan must cover a period of five years. The Major Improvements are expected
to be built within a period of five years. The projected Annual Installments for the Major
Improvements over a period of five years is shown in Table B-3 on the following page.
(remainder of page left intentionally blank)
4
Table B-3
Five Year Service plan - Projected Annual Installments - Major Improvements
Period
Delinquency
Ending
&
Other
Projected
September
Principal
Interest
Administrative
Prepayment
Capitalized
Available
Annual PID
I
Payments
Expense
Expenses
Reserve
Interest
Funds (a)
Installments
2018-2026
$3,285,000
$5,350,485
$542,227
$531,795
($1,876,099)
($286,920)
$7,546,488
2027
$645,000
$453,314
$59,000
$44,744
$0
($54,000)
$1,148,058
2028
$685,000
$443,419
$79,234
$43,725
$0
$0
$1,251,378
2029
$720,000
$409,169
$80,819
$40,300
$0
$0
$1,250,288
2030
$760,000
$373,169
$82,436
$36,700
$0
$0
$1,252,305
2031
$800,000
$335,169
$84,084
$32,900
$0
$0
$1,252,153
2032
$845,000
$295,169
$85,767
$28,900
$0
$0
$1,254,836
Total
$7,740,000
$7,659,893
$1,013,567
$759,064
($1,876,099)
($340,920)
$14,955,505
(a) Other Available Funds includes available excess PID Annual Installments from a prior year, available excess administrative expense
funds, available excess funds held in the pledged revenue fund, and available interest income earned.
The Roadway Improvements are also expected to be built within a period of five years.
The projected Annual Installments for the Roadway Improvements over a period of five years
is shown in Table B-4 below.
Table B-4
Five Year Service plan - Projected Annual Installments - Roadway Improvements
Delinquency
Period
&
Other
Projected
Ending
Principal
Interest
Administrative
Prepayment
Capitalized
Available
Annual PID
September I
Payments
Expense
Expenses
Reserve
Interest
Funds (a)
Installments
2019-2026
$1,080,000
$1,730,642
$334,844
$ I69,139
($556,584)
($155,955)
$2,602,086
2027
$260,000
$173,808
$38,000
$17,381
$0
($21,000)
$468,189
2028
$280,000
$175,250
$53,779
$17,525
$0
$0
$526,554
2029
$290,000
$161,250
$54,855
$16,125
$0
$0
$522,230
2030
$305,000
$146,750
$55,952
$14,675
$0
$0
$522,377
2031
$320,000
$131,500
$57,071
$13,150
$0
$0
$521,721
2031
$335,000
$115,500
$58,212
$11,550
$0
$0
$520,262
Total
$2,870,000
$2,634,700
$652,713
$259,545
($556,584)
($176,955)
$5,683,419
(a) Other Available Funds includes available excess PID Annual Installments from a prior year, available excess administrative expense
funds, available excess funds held in the pledged revenue fund, and available interest income earned.
Debt Service and Administrative Expenses
Major Improvement Bonds - Annual Installments
The Major Improvement Special Assessments imposed on any Parcel may be paid in
full at any time. If not paid in full, the Major Improvement Special Assessment shall be
payable in twenty Annual Installments of principal and interest beginning with the tax year
following the issuance of the Major Improvement Bonds, of which eleven (11) Annual
Installments currently remain outstanding.
5
Pursuant to the Service and Assessment Plan, each Major Improvement Special
Assessment on the Assessed Property within the Western Improvement Area and Eastern
Improvement Area of the PID shall bear interest at the rate on the Major Improvement Bonds
plus 0.5% as described below commencing with the issuance of the Major Improvement
Bonds. The effective interest rate on the Major Improvement Bonds is 5.07% per annum for
fiscal year 2027. Pursuant to Section 372.018 of the PID Act, the interest rate for that
assessment may not exceed a rate that is one-half of one percent (0.5%) higher than the actual
interest rate (the Additional Interest rate), paid on the debt. Accordingly, the effective interest
rate on the Major Improvement Bonds plus Additional Interest of one-half of one percent
(5.57%) is used to calculate the interests on the Major Improvement Special Assessments.
These payments, the "Annual Installments" of the Major Improvement Special Assessments,
shall be billed by the City (or another party designated by the City) in 2026 and will be
delinquent on February 1, 2027. Each Annual Installment shall be reduced by any credits
applied under applicable documents including the Service and Assessment Plan and applicable
Indenture, such as capitalized interest and interest earnings on any account balances and by any
other funds available to the PID.
Annual Budget for the Repayment of Indebtedness
Debt service will be paid on the Major Improvement Bonds from the collection of the
Annual Installments of the Major Improvement Special Assessments levied against the
Assessed Property within the Western Improvement Area and Eastern Improvement Area of
the PID. In addition, Administrative Expenses are to be collected with the Annual Installments
to pay expenses related to the collection of the Annual Installments and administration of the
PID. The Additional Interest collected with the Annual Installments will be used to fund the
Delinquency and Prepayment Reserve amounts as described in the Service and Assessment
plan and the applicable Indenture.
Major Improvement Annual Installments to be collected for fiscal year 2027
The budget for Major Improvements of the PID will be paid from the collection of
Annual Installments collected for fiscal year 2027 as shown by Table B-5 on the following
page.
(remainder of page left intentionally blank)
6
Tahlh RG
Budget for the Major Improvement Annual Installments
To be collected for Fiscal Year 2027
Major Improvement
Bonds
Interest payment on March I, 2027(a) $226,657.20
Interest payment on September I, 2027(a) $226,657.20
Principal payment on September I, 2027(a) $645,000.00
Subtotal debt service on bonds $ 1,098,3 14.41
Administrative expenses $59,000.00
Additional interest for Delinquency and Prepayment Reserves $44,743.56
Total Uses
$1,202,057.96
Available reserve fund income
($34,000.00)
Available capitalized interest funds
$0.00
Available administrative expense funds
($20,000.00)
Subtotal funds available
($54, 000.00)
Annual Installments
$1,148,057.96
Total Sources
$1,202,057.96
(a) Budgeted amounts to be collected for debt service are based upon the current outstanding
Major Improvement Special Assessments.
Variances between amounts budgeted for debt
service and actual debt service may be funded
by the prepayment reserve account and/or any
other available funds, if any.
a
As shown in Table B-5 above, the total Annual Installment of the Major Improvement
Special Assessments to be collected for fiscal year 2027 is equal to $1,148,057.96
($1,202,057.96 - $54,000.00) for payments that will be due within the fiscal year 2027. The
total debt service portion of the Annual Installments to be collected for the Major Improvement
Bonds, the Administrative Expenses, and the excess interest for Delinquency and Prepayment
Reserve to be collected for fiscal year 2027 are shown as $1,064.314.41 ($1,098.314.41 -
$34,000.00 = $1,064.314.41), $39,000.00 ($59,000.00 - $20,000.00 = $39,000.00), and
$44.743.56, respectively. The total debt service portion of the Annual Installments to be
collected for the Major Improvement Bonds within the fiscal year 2027 represent two semi-
annual interest payments of $226,657.20 each due on March 1, 2027, and September 1, 2027,
and $645,000.00 in principal payment due on September 1, 2027 for the fiscal year 2027.
Pursuant to the Service and Assessment Plan, the Major Improvement Special
Assessments and the related Annual Installments shall be allocated to the Assessed Property
within the Western Improvement Area and Eastern Improvement Area based on the ratio of the
estimated buildout values for each area.
7
As described in the introduction section of this Annual Service Plan Update, the
Amended Service and Assessment Plan was approved for allocating the Water Improvements
portion of the Major Improvement Special Assessments and the Sanitary Sewer Improvements
portion of the Major Improvement Special Assessments. In addition, the Amended Service and
Assessment Plan established that the Water Improvements Portion of the Major Improvements
are being provided for the benefit of all of the Assessed Property in the PID (in both the
Eastern Improvement Area and the Western Improvement Area excluding the Water
Improvements Unserved Tracts). Similarly, the Sanitary Sewer Improvements Portion of the
Major Improvements are being provided for the benefit of all of the Assessed Property in the
PID (in both the Eastern Improvement Area and the Western Improvement Area excluding the
Sanitary Sewer Improvements Unserved Tracts). Accordingly, the outstanding Major
Improvement Special Assessment and fiscal year 2027 Major Improvement Annual
Installments are calculated in Table B-6 below based on the allocation percentages applicable
to each category of Tracts [i.e., (i)Western Improvement Area— Major Improvements (Sanitary
Sewer Improvements and Water Improvements served Tracts), (ii) Western Improvement Area
— Major Improvements (Sanitary Sewer Improvements Unserved Tracts), (iii) Western
Improvement Area — Major Improvements (Water Improvements Unserved Tracts), (iv)
Eastern Improvement Area — Major Improvements (Excluding Water Improvements Unserved
Tracts), and (v) Eastern improvement Area — Major Improvements (Water Improvements
Unserved Tracts) that were calculated and included in the Amended Service And Assessment
Plan. The applicable Special Assessment allocation percentages shown in Table B-6 below
have been updated based on updated information received by the Subsequent Developer. Refer
to the Parcel Updates information within Section D of this report for additional detail regarding
the updated development plan and adjusted Special Assessment allocations.
Table
411ncauan nl FlIc M4,r Imprnccmcnl Annual Inslallmcnn Y,, r 2027)
Allocated
Major
Improvement Total Major
Water lnrprovrn,rnt NlaaOon Annual Total Major Improvement Annual
Partian of Allocated Molar Sanitary Sewer Installments Improvement Special Insl IIrn nts (Water
Guhtanding Alajar Improvement Annua I Improvement Partian (Sewer Assessnents(Water and Sewer
Improvement Special In4allmntsWter at lAslar Improvement Improvement and sewer Improvement
Improvement Area Assessments Improvement Palnan) Spenal Assessments 'A (a) Porno,J Improvement Parnans) Pennons)
nlnlpmanlenl Area- tsevrar Improvements UIlS& a
Tracts) 5118-14 581"9 $2167719 SO 00 000(1"" SO 00 $1/ 14 5216"1'
Weatem Impmvemenj Area.(WatrImpromnts Unser d
Tro ) SO DO 000" $000 $26605836 4406°" S34 13345 S26 05836 534.1334;
Western Imp --,,l Area- (Seaur Improvements and Water
Impmvemem served T —N) $154822953 G3 0'y 523711313 b'273233741, 4;183". 1333_ION 49 $4,W0,35729 559022311
Eastern Improvement Area - (Water Imprmeme t, Una—
Tmc(s) SO DO 000" $0 OO SI.5N925668 27377 S2172383 $1 689 286 65 $216.72351
East ern Imprnvement Area -(Excluding Waterlmprnvement
Unserved Traces) 559338964 3069"9 $11461573 51330,4230) 22034"a 517065411 5222351273 5255299 d1
Thal- WererlmproeemenPomon $2910,55561 ItNI wN S3.3,4tM 117
Total- Sexeilmpmsement Pomon $n,O381255" 100 UNP„ $774,6498"
Grand Total - All Tracts SS,)48,711.15 $1,14,057 96
IaI lb p.a...n[C:r eAuanabo�.a�.�al.nlet.,d,md eLuunm 1x61.1\-01oftA., .19e,udod 5.n�.. and.l�s.''m
The list of Parcels within the Western Improvement Area and the Eastern Improvement
Area of the PID, the aggregate Major Improvement Special Assessments for the Western
Improvement Area and the Eastern Improvement Area, and the aggregate Annual Installments
to be collected from each Parcel for fiscal year 2027 are shown in:
Appendix A-1 — Western Improvement Area — Major Improvements Assessment Roll
Summary 2026-27 (Sanitary Sewer Improvements and Water Improvements served Tracts)
attached herein,
Appendix A-2 — Western Improvement Area — Major Improvements Assessment Roll
Summary 2026-27 (Sanitary Sewer Improvements Unserved Tracts) attached herein,
Appendix A-3 — Western Improvement Area — Major Improvements Assessment Roll
Summary 2026-27 (Water Improvements Unserved Tracts) attached herein,
E
Appendix A-4 — Eastern Improvement Area — Major Improvements Assessment Roll
Summary 2026-27 (Excluding Water Improvements Unserved Tracts) attached herein, and
Appendix A-5 — Eastern improvement Area — Major Improvements Assessment Roll
Summary 2026-27 (Water Improvements Unserved Tracts) attached herein.
Roadway Bonds - Annual Installments
The Roadway Improvement Special Assessment imposed on any Parcel may be paid in
full at any time. If not paid in full, the Special Assessment shall be payable in nineteen Annual
Installments of principal and interest beginning with the 2018 tax year, of which eleven (11)
Annual Installments currently remain outstanding.
Pursuant to the Service and Assessment Plan, each Roadway Improvement Special
Assessment on Assessed Property within the Western Improvement Area of the PID shall bear
interest at the rate on the Roadway Bonds plus 0.5% as described below commencing with the
issuance of the Roadway Improvement Bonds. The effective interest rate on the Roadway
Bonds is 5.00 percent per annum for fiscal year 2027. Pursuant to Section 372.018 of the PID
Act, the interest rate for that assessment may not exceed a rate that is one-half of one percent
(0.5%) higher than the actual interest rate (the Additional Interest rate), paid on the debt.
Accordingly, the effective interest rate on the Roadway Improvement Bonds plus Additional
Interest of one-half of one percent (5.50%) is used to calculate the interests on the Roadway
Improvement Special Assessments. These payments, the "Annual Installments" of the
Roadway Improvement Special Assessments, shall be billed by the City (or another party
designated by the City) in 2026 and will be delinquent on February 1, 2027. Each Annual
Installment shall be reduced by any credits applied under applicable documents including the
Service and Assessment Plan and applicable Indenture, such as capitalized interest and interest
earnings on any account balances and by any other funds available to the PID.
Annual Budget for the ReDavment of Indebtedness
Debt service will be paid on the Roadway Improvement Bonds from the collection of
the Annual Installments of the Roadway Improvement Special Assessment levied on the
Assessed Property within the Western Improvement Area. In addition, Administrative
Expenses are to be collected with the Annual Installments to pay expenses related to the
collection of the Annual Installments and administration of the PID. The Additional Interest
collected with the Annual Installments will be used to fund the Delinquency and Prepayment
Reserve amounts as described in the Service and Assessment plan and the applicable
Indenture.
Roadway Annual Installments to be collected for fiscal year 2027
The budget for Roadway Bonds that lies within the Western Improvement Area of the
PID will be paid from the collection of Annual Installments collected for the fiscal year 2027
as shown by Table B-7 on the following page.
9
Table B-7
Budget for the Roadway Improvement Annual Installments
To be collected for Fiscal Year 2027
Roadway Bonds
Interest payment on March 1, 2027(a)
$86,904.12
Interest payment on September 1, 2027(a)
$86,904.12
Principal payment on September 1, 2027(a)
$260,000.00
Subtotal debt service on bonds
$433,808.25
Administrative expenses
$38,000.00
Additional interest for Delinquency and Prepayment Reserves
$17,380.82
Total Uses
$489,189.07
Available reserve fund income
($11,000.00)
Available capitalized interest account
$0.00
Available Administrative Expense account
($10,000.00)
Subtotal funds available
($21, 000.00)
Annual installments
$468,189.07
Total Sources
$489,189.07
(a) Budgeted amounts to be collected for debt service are based upon the current outstanding
Roadway Improvement Special Assessments. Variances between amounts budgeted
for debt
service and actual debt service may be funded by the prepayment reserve account and/or any
other available funds, if any.
As shown in Table B-7 above, the total Annual Installment of the Roadway
Improvement Special Assessments to be collected for fiscal year 2026 is equal to $468,189.07
($489.189.07 - $21,000.00 = $468,189.07) for payments that will be due within the fiscal year
2027. The total debt service portion of the Annual Installments to be collected for the Roadway
Improvement Bonds, the Administrative Expenses and the excess interest for Delinquency and
Prepayment Reserve to be collected for fiscal year 2027 are shown as $422,808.25
($433,808.25 - $11,000.00 = $422,808.25), $28,000.00 ($38,000.00 - $10,000.00 =
$28,000.00) and $17,380.82, respectively. The total debt service portion of the Annual
Installments to be collected for the Roadway Improvement Bonds within the fiscal year 2027
represent two semi-annual interest payments of $86,904.12 each due on March 1, 2027 and
September 1, 2027, and $260,000.00 in principal payments due on September 1, 2027 for the
fiscal year 2027.
Pursuant to the Amended Service and Assessment Plan, the Roadway Improvement
Special Assessments and the related Annual Installments shall be allocated to the Assessed
Property within the Western Improvement Area based on the ratio of the estimated buildout
values for each Parcel. The outstanding Roadway Improvement Special Assessment and fiscal
year 2027 Roadway Improvement Annual Installments are calculated in Table B-8 below
based on the allocation percentages applicable to each category of Tracts [i.e., (i)Western
Improvement Area — Roadway Improvements (Sanitary Sewer Improvements and Water
Improvements served Tracts), (ii) Western Improvement Area — Roadway Improvements
10
(Sanitary Sewer Improvements Unserved Tracts), and (iii) Western Improvement Area —
Roadway Improvements (Water Improvements Unserved Tracts that were calculated and
included in the Amended Service And Assessment Plan. The applicable Special Assessment
allocation percentages shown in Table B-8 below have been updated based on updated
information received by the Subsequent Developer. Refer to the Parcel Updates information
within Section D of this report for additional detail regarding the updated development plan
and adjusted Special Assessment allocations.
Table B-8
Allocation of the Roadway Improvement Annual Installments (Fiscal Year 2027)
Roadway
Improvement Annual
Improvement Special
Installments (Western
Improvement Area
Assessments
%
Improvement Area)
Western Improvement Area - (Sewer Improvements Unserved
Tracts)
$267,482 98
7 69%
$36,026 08
Western Improvement Area - (Water Improvements Unserved
Tracts)
$282,829.38
8.14%
$38,093.02
Western Improvement Area - (Sewer Improvements and Water
Improvement served Tracts)
$2,925,852.63
84.17%
$394,069.97
Eastern Improvement Area - (Water Improvements Unserved
Tracts)
$0 00
0 00%
$0.00
Eastern Improvement Area - (Excluding Water Improvement
Unserved Tracts)
$0 00
0 00%
$0.00
Total - Western Improvement Area
$3,476,164 99
100 00%
$468,189.07
Total - Eastern Improvement Area
Grand Total - All Tracts
$3,476,164 99
$468,189.07
1(a) The percentages shown above are calculated and shown in Table TV -D I of the Amended Service and Assessment Plan
The list of Parcels within the Western Improvement Area, the aggregate Roadway
Improvement Special Assessments for the Western Improvement Area, and the aggregate
Annual Installments to be collected from each Parcel for fiscal year 2026 are shown in:
Appendix A-6 — Western Improvement Area — Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements and Water
Improvements served Tracts) attached herein,
Appendix A-7 — Western Improvement Area — Roadway Improvements
Assessment Roll Summary 2026-27 (Water Improvements Unserved Tracts) attached
herein, and
Appendix A-8 — Western Improvement Area — Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements Unserved Tracts)
attached herein.
C. Update of the Assessment Plan
The Updated Service and Assessment Plan adopted by the City Council provided that
the cost of Authorized Improvement shall be allocated to the Assessed Property based on the
ratio of estimated buildout value anticipated to be built on each Parcel once such property is
fully developed, and that such method of allocation will result in the imposition of equal shares
of the costs of the Authorized Improvement to Parcels similarly benefited.
This method of assessing property has not been changed and Assessed Property will
continue to be assessed as provided for in the Amended Service and Assessment Plan.
11
D. Update of the Assessment Roll
Pursuant to the Amended and Restated Service and Assessment Plan, the Assessment
Roll shall be updated each year to reflect:
(i) the identification of each Parcel; (ii) the Special Assessment for each Parcel of
Assessed Property, including any adjustments authorized by this Service and
Assessment Plan or in the PID Act; (iii) the Annual Installment for the Assessed
Property for the year (if the Special Assessment is payable in installments); and (iv)
payments of the Special Assessment, if any, as provided by Section VILC of the
Service and Assessment Plan.
The summary Assessment Rolls are shown in Appendices A-1 through A-8 attached
herein. Each Parcel in the PID is identified, along with the aggregate Special Assessment for
the applicable improvement area and the Annual Installments to be collected from each Parcel.
Parcel Updates
According to the Service and Assessment Plan, upon the subdivision of any Parcel, the
Administrator shall reallocate the Special Assessment for the Parcel prior to the subdivision
among the new subdivided Parcels according to the formula shown in the Updated Service and
Assessment Plan.
On June 6, 2025, the Subsequent Developer provided an updated development plan for
the single family units anticipated to be constructed within the PID. The updated development
plan estimated that 3,905 single family units are anticipated to be constructed, which represents
an increase of 230 single family units from the original single family development plan of
3,675 single family units initially provided by the Developer. As a result, the allocation
percentages for the Major Improvement Special Assessments and the Roadway Improvement
Special Assessments have been revised pursuant to the updated development plan.
See Table D-1 on the following page for the Major Improvement Special Assessments
allocation prior to the update to the single family unit count for Parcels located within the
Western Improvement Area of the PID.
(remainder of page left intentionally blank)
12
Table D-1
Western Improvement Area - Assessment Adjustment
Western Improvement Area (Major Improvements Special Assessment)
Prior to Adjustment
Single Family Multifamily Commercial Total Projected Special
Parcel ID Units',' Units',' SF'°Z Build Out Value'°Z Assessment
Sanitary Sewer Improvements and Water Improvements served Tracts
04103629 (Part of) 147 0 0 $46,305,000
42423153 (Part of) 88 0 0 $27,720,000
06839851 392 0 0 $123,480,000
42423196 (Part of)
0 312 280,373 $97,258,600
43086651
43086643
03710890
43164865
43164873
42423218
Various - Rock Creek West -
Phase #1
Subtotal
4103629 (Part of)
Subtotal
$243, 735
$145,909
$649,959
$511,938
0
648
0
$85,536,000
$450,234
39
1,560
661,223
$350,449,600
$1,844,655
207
0
0
$65,205,000
$343,218
241
0
0
$75,915,000
$399,592
0
0
233,403
$46,680,600
$245,712
240
0
0
$75,600,000
$397,934
$426,510,000
$332,640,000
$234,999,800
$994,149,800
$5,232,888
Sanitary Sewer Unserved Tracts
170 0 I 0
$53,550,000
$0
$53,550,000 $115,505
$0 $53,550,000 $115,505
Water Unserved Tracts
4103629 (Part of) 66 0 0
$20,790,000
$64,589
42423153 (Part of) 184 0 0
$57,960,000
$180,066
42423196 (Part of) 0 0 2,761
$552,200
$1,716
Subtotal $78,750,000 $0 $552,200
$79,302,200
$246,370
TOTAL $558,810,000 $332,640,000 $235,552,000
$1,127,002,000
$5,594,763
I — Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per
unit buildout value of $315,000 (single
family), $132,000 (multifamily), and $200 (per commercial square foot).
2 — Unit counts as provided in the original development plan per the Developer.
See Table D-2 on the following page for the Major Improvement Special Assessments
allocation after the update to the single family unit count for Parcels located within the Western
Improvement Area of the PID.
(remainder of page left intentionally blank)
13
Table D-2
Western Improvement Area - Assessment Adjustment
Western Improvement Area (Major Improvements Special Assessment)
After Adjustment
Single Family Multifamily Commercial Total Projected Special
Parcel ID Units''2 Units''2 SF1,2 Build Out Value'°Z Assessment
Saritary Sewer Improvements and Water Improvements served Tracts
04103629 (Part of) 253 0 0 $79,695,000
42423153 (Part of) 93 0 0 $29,295,000
06839851 364 0 0 $114,660,000
42423196 (Part of)
0 312 280,373 $97,258,600
43086651
43086643 0 648 0 $85,536,000
03710890 0 1,560 661,223 $338,164,600
43164865 207 0 0 $65,205,000
43164873 241 0 0 $75,915,000
42423218 0 0 233,403 $46,680,600
Various - Rock Creek West -
Phase #1 234 0 0 $73,710,000
Subtotal $438,480,000 $332,640,000 $234,999,800 $1,006,119,800
4103629 (Part of)
Total
Sanitary Sewer Unserved Tracts
292 0 I 0
$91,980,000
$0
$91,980,000
$0 $91,980,000
$407,471
$149,782
$586,243
$497,272
$437,335
$1, 728,995
$333,385
$388,144
$238, 672
$376,870
$5,144,170
$188,930
$188,930
Water Unserved Tracts
4103629 (Part of) 114 0 0 $35,910,000 $109,843
42423153 (Part of) 193 0 0 $60,795,000 $185,962
42423196 (Part of) 0 0 2,761 $552,200 $1,689
Total $96,705,000 $0 $552,200 $97,257,200 $297,494
TOTAL $627,165,000 $332,640,000 $235,552,000 $1,195,357,000 $5,630,595
1 — Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per unit buildout value of $315,000 (single
family), $132,000 (multifamily), and $200 (per commercial square foot).
2 — Unit counts as provided in the updated development plan per the Subsequent Developer.
See Table D-3 on the following page for the Major Improvement Special Assessments
allocation prior to the update to the single family unit count for Parcels located within the
Eastern Improvement Area of the PID.
(remainder of page left intentionally blank)
14
Table D-3
Eastern Improvement Area - Assessment Adjustment
Eastern Improvement Area (Major Improvements Special Assessment)
Prior to Adjustment
Single Family
Multifamily
Commercial
Total Projected
Special
Parcel ID
Units'''
Units'°Z
SF'°Z
Build Out Value1'2
Assessment
Excluding Water Improveme is Unserved Tracts
41291549 (Part of)
646
0
729,135
$349,317,000
$1,838,693
41291522
0
0
559,085
$111,817,000
$588,569
Subtotal
$203,490,000
$0
$257,644,000
$461,134,000
$2,427,262
Water Improvements Unserved Tracts
05700906 304 0 145,362
$124,832,400
$387,820
41291549(Partof) 951 0 1,071,118
$513,788,600
$1,596,201
Subtotal $395,325,000 $0 $243,296,000
$638,621,000
$1,984,021
TOTAL $598,815,000 $0 $500,940,000
$1,099,755,000
$4,411,283
— Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per
unit buildout value of $315,000 (single
family), $132,000 (multifamily), and $200 (per commercial square foot).
2 — I Tnit counts as provided in the original development plan per the Developer.
See Table D-4 below for the Major Improvement Special Assessments allocation after
the update to the single family unit count for Parcels located within the Eastern Improvement
Area of the PID.
Table D-4
Eastern Improvement Area - Assessment Adjustment
MEER
Improvement Area (Major Improvements Special Assessmen
After Adjustment
Single Family Multifamily Commercial Total Projected Special
Parcel ID Units'°Z Units'°Z SF'°Z Build Out Value''' Assessment
Excluding Water Improvements Unserved Tracts
41291549 (Part of) 726 0 729,135 $374,517,000 $1,914,860
41291522 0 0 559,085 $111,817,000 $571,707
Subtotal $228,690,000 $0 $257,644,000 $486,334,000 $2,486,567
Water Improvements Unserved Tracts
05700906 121 0 145,362 $67,187,400 $205,516
41291549 (Part of) 1,067 0 1,071,118 $550,328,600 $1,683,369
Subtotal $374,220,000 $0 $243,296,000 $617,516,000 $1,888,884
TOTAL $602,910,000 $0 $500,940,000 $1,103,850,000 $4,375,452
1 — Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per unit buildout value of $315,000 (single
family), $132,000 (multifamily), and $200 (per commercial square foot).
2 —Unit counts as provided in the updated development plan per the Subsequent Developer.
See Table D-5 on the following page for the Roadway Improvement Special
Assessments allocation prior to the update to the single family unit count for Parcels located
within the Western Improvement Area of the PID.
(remainder of page left intentionally blank)
15
Table D-5
Western Improvement Area - Assessment Adjustment
Western Improvement Area (Roadway Improvements Special Assessment)
Prior to Adjustment
Single Family Multifamily Commercial Total Projected Special
Parcel ID Units''2 Units''2 SF''2 Build Out Value''2 Assessment
Saritary Sewer Improvements and Water Improvements s'rved Tracts
04103629 (Part of) 147 0 0 $46,305,000
42423153 (Part of) 88 0 0 $27,720,000
06839851 392 0 0 $123,480,000
42423196 (Part of)
0 312 280,373 $97,258,600
43086651
43086643
03710890
43164865
43164873
42423218
Various - Rock Creek West -
Phase #1
Subtotal
4103629 (Part of)
Subtotal
$164,675
$98,581
$439,132
$345,881
0
648
0
$85,536,000
$304,192
39
1,560
661,223
$350,449,600
$1,246,305
207
0
0
$65,205,000
$231,889
241
0
0
$75,915,000
$269,977
0
0
233,403
$46,680,600
$166,010
240
0
0
$75,600,000
$268,857
$426,510,000
$332,640,000
$234,999,800
$994,149,800
$3,535,499
Sanitary Sewer Unserved Tracts
170
0
0
$53,550,000
$190,440
$53,550,000
$0
$0
$53,550,000
$190,440
Water Unserved Tracts
4103629 (Part of)
66 0 0
$20,790,000
$73,936
42423153 (Part of)
184 0 0
$57,960,000
$206,123
42423196 (Part of)
0 0 2,761
$552,200
$1,964
Subtotal
$78,750,000 $0 $552,200
$79,302,200
$282,023
TOTAL
$558,810,000 $332,640,000 $235,552,000
$1,127,002,000
$4,007,962
— Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per unit huildout
value of $315,000 (single family),
$132,000 (multifamily), and $200
(per commercial square foot).
2 —Unit counts as provided in the
original development plan per the Developer.
See Table D-6 on the following page for the Roadway Improvement Special
Assessments allocation after the update to the single family unit count for Parcels located
within the Western Improvement Area of the PID.
(remainder of page left intentionally blank)
16
Table D-6
Western Improvement Area - Assessment Adjustment
Western Improvement Area (Roadway Improvements Special Assessment)
Parcel ID
After Adjustment
Single Family Multifamily Commercial Total Projected Special
Units''2 Units''2 SF'°Z Build Out Value''2 Assessment
Sa iitary Sewer Improvements and Water Improvements served Tracts
04103629 (Part of)
253
0
0
$79,695,000
$267,213
42423153 (Part of)
93
0
0
$29,295,000
$98,224
06839851
364
0
0
$114,660,000
$384,448
42423196 (Part of)
0
312
280,373
$97,258,600
$326,102
43086651
43086643
0
648
0
$85,536,000
$286,797
03710890
0
1,560
661,223
$338,164,600
$1,133,846
43164865
207
0
0
$65,205,000
$218,629
43164873
241
0
0
$75,915,000
$254,539
42423218
0
0
233,403
$46,680,600
$156,517
Various - Rock Creek West -
Phase#1
234
0
0
$73,710,000
$247,145
Subtotal
$438,480,000
$332,640,000
$234,999,800
$1,006,119,800
$3,373,461
Sanitary Sewer Unserved Tracts
4103629 (Part of)
292
0
0
$91,980,000
$308,404
Total
$91,980,000
$0
$0
$91,980,000
$308,404
Water Unserved Tracts
4103629 (Part of)
114
0
0
$35,910,000
$120,404
42423153 (Part of)
193
0
0
$60,795,000
$203,842
42423196 (Part of)
0
0
2,761
$552,200
$1,851
Total
$96,705,000
$0
$552,200
$97,257,200
$326,098
TOTAL
$627,165,000
$332,640,000
$235,552,000
$1,195,357,000
$4,007,962
1 — Pursuant to the Amended and
Restated Service and Assessment Plan, assumes a per unit buildout value of $315,000
(single family),
$132.000 (multifamily), and $200
(per commercial square
foot).
2 — Unit counts as provided in the
updated development
plan per the Subsequent
Developer.
Western Improvement Area
According to the Developer, a final plat was approved by the City on February 15, 2019
for Brewer Boulevard, a 25.957 -acre roadway located entirely within the Western
Improvement Area of the PID. As a result, the Major Improvement Special Assessments and
Roadway Improvement Special Assessments associated with the aforementioned final plat
were reallocated to the Parcels within the Western Improvement Area of the PID for billing
purposes beginning in tax year 2020.
According to the Tarrant Appraisal District ("TAD") online records and the Developer,
Parcel subdivisions for the proposed development of 648 multi -family units and 240 single
family units were recognized in the official County roll in 2024. As a result, the Major
Improvement Special Assessments and Roadway Improvement Special Assessments associated
with the proposed development described in this paragraph were reallocated to the new Parcels
17
within the Western Improvement Area of the PID for billing purposes beginning in tax year
2024.
According to the TAD online records and the Subsequent Developer, Parcel 43042867
was subdivided in October 2024 for the proposed development of 234 single family units
(Rock Creek Ranch West — Phase #1). As a result, the Major Improvement Special
Assessments and Roadway Improvement Special Assessments associated with the proposed
development described in this paragraph were reallocated to the new Parcels within the
Western Improvement Area of the PID for billing purposes beginning in tax year 2025.
See Table D-7 below for the Major Improvement Special Assessments allocation prior
to and after subdivision of the proposed 234 single family units.
Parcel 43042867 Subdivision - Major Improvements Special Assessment
Rock Creek Ranch West - Phase #1
Prior to Subdivision
Single Family
Multifamily Commercial
Total Projected
Special
Parcel ID Units'
Units' SF'
Build Out Value'
Assessment
43042867 234
0 0
$73,710,000
$376,870
Total $73,710,000
$0 $0
$73,710,000
$376,870
After Subdivision
Various 234 0 0 $73,710,000 $376,870
Total $73,710,000 $0 $0 $73,710,000 $376,870
— Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per unit buildout value of $315,000 (single family),
$132,000 (multifamily), and $200 (per commercial square foot).
2— The Major Improvement Special Assessment amount per unit is approximately $1,611 ($376,870 - 234 = $1,611).
See Table D-8 below for the Roadway Improvement Special Assessments allocation
prior to and after subdivision of the proposed 234 single family units.
Prior to Subdivision
Single Family Multifamily Commercial Total Projected Special
Parcel ID Units' Units' SF' Build Out Value' Assessment2
43042867 234 0 0 $73,710,000 $247.145
Total $73,710,000 $0 $0 $73,710,000 $247,145
After Subdivision
Various 234 0 0 $73,710,000 $247.145
Total $73,710,000 $0 $0 $73,710,000 $247,145
1 — Pursuant to the Amended and Restated Service and Assessment Plan, assumes a per unit buildout value of $315,000 (single family),
$132.000 (multifamily), and $200 (per commercial square foot).
2— The Major Improvement Special Assessment amount per unit is approximately $1,056 ($247,145 - 234 = $1,056).
According to the TAD online records and the Subsequent Developer, Parcel 03710890
was partially subdivided in 2024 for the future proposed development of 241 single family
units (Rock Creek Ranch West — Phase #2) and for the future proposed development of 207
single family units (Rock Creek Ranch West — Phase #3). As a result, the Major Improvement
Special Assessments and Roadway Improvement Special Assessments associated with the
18
proposed development described in this paragraph were reallocated to the new Parcels within
the Western Improvement Area of the PID for billing purposes beginning in tax year 2025.
See Table D-9 below for the Major Improvement Special Assessments allocation prior
to and after subdivision of Parcel 03710890.
Table D-9
Parcel 03710890 Subdivision - Major Improvements Special Assessment
Rock Creek Ranch West - Phase #2 and Phase #3
Prior to Subdivision
Single Family
Multifamily
Commercial
Total Projected
Special
Parcel ID
Units'
Units'
SF'
Build Out Value'
Assessment
03710890
448
1.560
661,223
$479,284,600
$2,450,525
Total
$141,120,000
$205,920,000
$132,244,600
$479,284,600
$2,450,525
After Subdivision
03710890
0
1,560
661,223
$338,164,600
$1,728,995
43164873
241
0
0
$75,915,000
$388,144
43164865
207
0
0
$65,205,000
$333,385
Total
$141,120,000
$205,920,000
$132,244,600
$479,284,600
$2,450,525
— Pursuant to the Amended and Restated Service and
Assessment Plan, assumes
a per unit buildout value of $315,000
(single family),
$132,000 (multifamily), and $200
(per commercial square
foot).
See Table D-10 below for the Roadway Improvement Special Assessments allocation
prior to and after subdivision of Parcel 03710890.
Table D-10
Parcel 03710890 Subdivision - Roadway Improvements Special Assessment
Rock Creek Ranch West - Phase #2 and Phase #3
Prior to Subdivision
Single Family
Multifamily Commercial
Total Projected
Special
Parcel ID
Units'
Units'
SF'
Build Out Value'
Assessment
03710890
448
1,560
661,223
$479,284,600
$1,607,013
Total
$141,120,000
$205,920,000
$132,244,600
$479,284,600
$1,607,013
After Subdivision
03710890
0
1,560
661,223
$338,164,600
$1,133,846
43164873
241
0
0
$75,915,000
$254,539
43164865
207
0
0
$65,205,000
$218,629
Total
$141,120,000
$205,920,000
$132,244,600
$479,284,600
$1,607,013
— Pursuant to the Amended and
Restated Service and
Assessment Plan, assumes a per unit
buildout value of $3 15,000
(single family),
$132,000 (multifamily), and $200
(per commercial square
foot).
According to the TAD online records and the Developer, Parcel 73223596 was
subdivided from Parcel 42423196 in 2026 for the proposed development of 648 multifamily
units. In addition, Parcel 43086643 was replaced with Parcel 43312023 per the TAD online
records. As a result, the Major Improvement Special Assessments and Roadway Improvement
Special Assessments associated with the proposed development described in this paragraph
were reallocated to the new Parcels within the Western Improvement Area of the PID for
billing purposes beginning in tax year 2026.
See Table D-1 1 on the following page for the Major Improvement Special Assessments
allocation prior to and after subdivision of Parcel 42423196 and subsequent changes to Parcels
43086651 and 43086643.
19
Table D-11
Parcels 4243196, 43086651 and 43086643 Changes - Major Improvements Special Assessmen
Western Improvement Area
Prior to Subdivision
Parcel ID Multifamily Units' Commercial Total Projected
SF' Special Assessment
Build Out Value
42423196 (Part of) $97,258,600 $497,272
43086651 960 280,373
43086643 $85,536,000 $437,335
Total 960 280,373 $182,794,600 $934,607
After Subdivision
732235961 648 $85,536,000 $437,335
42423196 (Part ol)2 280,373 (TBD) $11,722,600 $59,936
43086651 317 $41,813,230 $213,786
43312023 3313 $43,722,770 $223,549
Total TBD 280,373 (TBD) $479,284,600 $934,607
1 — Per the Developer, Parcel 73323596 was subdivided from Parcel 42423196 and is anticipated to be developed as
648 multifamily units.
2 —The outstanding Assessment on the Parcel 42423196 is calculated as the balance of the combined 2025-26
Outstanding Assessment for Parcels 43423196 and 43086651 after reallocation of Assessments to the newly subdivided
Parcel 73223596 based on the projected multifamily units to be developed.
3 —The 2025-26 outstanding Assessment against Parcel 43086643 is being allocated to Parcels 43086651 and 4331203
based on the estimated acreage of each Parcel (13.182 and 13.784 acres respectively) as both Parcels are owned by the
same entity as of July 27, 2026, and the updated Development plan is not yet available. Pursuant to the Developer, the
updated development plan on these parcels is anticipated to become available around November 2026 and will be
incorporated to as such in supplemental or subsequent updates.
See Table D-12 below for the Roadway Improvement Special Assessments allocation
prior to and after subdivision of Parcel 42423196 and subsequent changes to Parcels 43086651
and 43086643.
Table D-12
Parcels 4243196, 43086651 and 43086643 Changes - Roadway Improvements Special Assessment
Western Improvement ArA6
Parcel ID
42423196 (Part of)
43086651
43086643
Total
Multifamily Units'
960
960
Prior to Subdivision
Commercial SF'
280,373
280,373
After Subdivision
Total Projected
Build Out Value'
$97,258,600
$85,536,000
$182, 794, 600
Special Assessment
$326,102
$286,797
$612,900
732235961 648 $85,536,000 $286,797
42423196 (Part of)2 TBD 280.373 (TBD) $11,722,600 $39,305
43086651 317 $41,813,230 $140,197
43312023 3313 $43,722,770 $146,600
Total TBD 280,373 (TBD) $479,284,600 $612,900
1 — Per the Developer, Parcel 73323596 was subdivided from Parcel 42423196 and is anticipated to be developed as
648 multifamily units.
2 —The outstanding Assessment on the Parcel 42423196 is calculated as the balance of the combined 2025-26
Outstanding Assessment for Parcels 43423 196 and 43086651 after reallocation of Assessments to the newly subdivided
Parcel 73223596 based on the projected multifamily units to be developed.
3 —The 2025-26 outstanding Assessment against Parcel 43086643 is being allocated to Parcels 43086651 and 4331203
based on the estimated acreage of each Parcel (13.182 and 13.784 acres respectively) as both Parcels are owned by the
20
same entity as of July 27, 2026, and the updated Development plan is not yet available. Pursuant to the Developer, the
updated development plan on these parcels is anticipated to become available around November 2026 and will be
incorporated to as such in supplemental or subsequent updates.
Prepayment of Assessments
As of June 30, 2020, the Developer donated a twelve -acre tract of Assessed Property to
the City for use as a police station, a fire station, or other public facility. Pursuant to Section
VLC of the Service and Assessment Plan, any transfer of Assessed Property to a party that is
exempt from the payment of the Special Assessment under applicable law, or if an owner
causes a Parcel or portion thereof to become Non -Benefited Property would trigger a
Mandatory Prepayment.
As a result, the net amount of Special Assessment for the Series 2017 Major
Improvement Bonds to be prepaid was $12,687.27, and the net amount of Special Assessment
for the Series 2018 Roadway Improvement Bonds to be prepaid was $61,016.75, which totaled
a Mandatory Prepayment of $73,704.02. The respective Mandatory Prepayment amounts were
calculated pursuant to Sections IV(3) and VI(C) of the Service and Assessment Plan (as
updated for the Roadway Improvement Bonds). According to the Trustee, the Mandatory
Prepayment funds associated with the twelve -acre land donation were received in April 2019.
Series 2017 Major Improvement Bonds and the Series 2018 Roadway Improvement Bonds
were proportionally redeemed on December 1, 2020 with proceeds of these prepayments.
As of June 30, 2026, the outstanding Major Improvements Special Assessments and
Roadway Improvement Special Assessments shown in Tables D-11 and D-12 have been
prepaid in full. Series 2017 Major Improvement Bonds and the Series 2018 Roadway
Improvement Bonds are anticipated to be proportionally redeemed in 2026 with proceeds of
these prepayments.
There were no other prepayments through June 30, 2026.
(remainder of page left intentionally blank)
21
Annendix A-1
Western Improvement Area
(Sanitary Sewer Improvements and Water Improvements served Tracts)
Major Improvements Assessment Roll Summary — 2026-27
22
Tax Parcel ID
04103629 (Part of)
42423153 (Part of)
42423145
06839851
42423196 (Part of)
73223596
43 08665 1
43312023
03710890
43164865
43164873
42423218
42423200
42617357
43167791
43167881
43167899
43167902
43167911
43167929
43167937
43167945
43167953
43167961
43167970
43168101
43167805
43167988
43167996
43168003
43168011
43168020
43168038
43168046
43168054
43168062
43168071
43167813
43168089
43168097
43168119
43167821
43167830
43167848
43167856
43167864
43167872
43169735
43169786
43169743
43169794
43169751
43169808
43169760
Appendix A-1
Western Improvement Area - Major Improvements
Outstanding Major
Improvement Special
Assessment (a)
$398,273.14
$ 146,400.80
$0.00
$573,009.58
$58,583.31
PREPAID
$208,960.24
$218,503.11
S 1,689,966.48
$325,859.84
$379,382.72
$233,284.76
$0.00
$0.00
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$0.00
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$0.00
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$0.00
$1,574.20
$0.00
$1,574.20
$0.00
$1,574.20
Major
Improvement
Annual
Assessments (b)
$47,368.59
$17,412.17
$0.00
$68,150.86
$6,967.60
PREPAID
$24,852.67
$25,987.65
$200,996.06
$38,756.12
$45,121.86
$27,745.71
$0.00
$0.00
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$0.00
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$0.00
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$0.00
$187.23
$0.00
$187.23
$0.00
$187.23
Administrative
Expenses (b)
$1,735.74
$638.04
$0.00
$2,497.27
$255.32
PREPAID
$910.68
$952.27
$7,365.16
$1,420.15
$1,653.41
$1,016.69
$0.00
$0.00
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$0.00
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$0.00
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$0.00
$6.86
$0.00
$6.86
$0.00
$6.86
Additional Interest
for Delinquency
and Prepayment
Reserve (b)
$1,991.37
$732.00
$0.00
$2,865.05
$292.92
PREPAID
$1,044.80
$1,092.52
$8,449.83
$1,629.30
$1,896.91
$1,166.42
$0.00
$0.00
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$0.00
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$0.00
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$0.00
$7.87
$0.00
$7.87
$0.00
$7.87
Fiscal Year 2027
Annual
Installments
$51,095.70
$18,782.21
$0.00
$73,513.18
$7,515.83
PREPAID
$26,808.16
$28,032.44
$216,811.05
$41,805.57
$48,672.19
$29,928.83
$0.00
$0.00
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$0.00
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$0.00
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$0.00
$201.96
$0.00
$201.96
$0.00
$201.96
Appendix A-1
Western Improvement Area - Major Improvements
Major
Additional Interest
Outstanding Major
Improvement
for Delinquency
Fiscal Year 2027
improvement Special
Annual
Administrative
and Prepayment
Annual
Tax Parcel ID
Assessment (a)
Assessments (b)
Expenses (b)
Reserve (b)
Installments
43169778
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169816
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169905
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169913
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169921
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169930
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169948
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169956
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169964
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169972
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169981
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169999
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170211
$0.00
$0.00
$0.00
$0.00
$0.00
43169824
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170008
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170016
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170024
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170032
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170041
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170059
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170067
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170075
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170083
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170091
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170229
$0.00
$0.00
$0.00
$0.00
$0.00
43169832
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170105
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170113
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170237
$0.00
$0.00
$0.00
$0.00
$0.00
43170121
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170130
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170148
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170156
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170164
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170172
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170181
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170199
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169841
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170202
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170245
$0.00
$0.00
$0.00
$0.00
$0.00
43169859
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169867
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169875
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169883
$1,574.20
$187.23
$6.86
$7.87
$201.96
43169891
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170253
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170261
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170270
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170288
$1,574.20
$187.23
$6.86
$7.87
$201.96
43170296
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168127
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168216
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168224
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168232
$1,574.20
$187.23
$6.86
$7.87
$201.96
Appendix A-1
Western Improvement Area - Major Improvements
Major
Additional Interest
Outstanding Major
Improvement
for Delinquency
Fiscal Year 2027
improvement Special
Annual
Administrative
and Prepayment
Annual
Tax Parcel ID
Assessment (a)
Assessments (b)
Expenses (b)
Reserve (b)
Installments
43168241
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168259
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168267
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168275
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168283
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168291
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168305
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168135
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168143
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168151
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168160
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168178
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168186
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168194
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168208
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168313
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168402
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168411
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168429
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168437
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168445
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168453
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168461
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168470
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168488
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168496
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168321
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168500
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168518
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168526
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168534
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168542
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168551
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168569
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168577
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168585
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168593
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168330
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168607
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168615
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168348
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168356
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168364
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168372
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168381
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168399
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168623
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168712
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168721
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168739
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168747
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168755
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168763
$1,574.20
$187.23
$6.86
$7.87
$201.96
43168771
$1,574.20
$187.23
$6.86
$7.87
$201.96
Tax Parcel ID
43168780
43168798
43168801
43168631
43168810
43168828
43168836
43168844
43168852
43168861
43168879
43168640
43168658
43168666
43168674
43168682
43168691
43168704
43168887
43168976
43168984
43168992
43169000
43169018
43169026
43169034
43169042
43169051
43169069
43169085
43168895
43169077
43168909
43168917
43168925
43168933
43168941
43168950
43168968
43169093
43169140
43169107
43169158
43169115
43169166
43169123
43169174
43169131
43169182
43169191
43169280
43169425
43169298
43169301
Appendix A-1
Western Improvement Area - Major Improvements
Outstanding Major
Improvement Special
Assessment (a)
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$0.00
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$0.00
$1,574.20
$0.00
$1,574.20
$0.00
$1,574.20
$0.00
$1,574.20
$0.00
$1,574.20
$1,574.20
$0.00
$1,574.20
$1,574.20
Major
Improvement
Annual
Assessments (b)
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$0.00
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$0.00
$187.23
$0.00
$187.23
$0.00
$187.23
$0.00
$187.23
$0.00
$187.23
$187.23
$0.00
$187.23
$187.23
Administrative
Expenses (b)
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$0.00
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$0.00
$6.86
$0.00
$6.86
$0.00
$6.86
$0.00
$6.86
$0.00
$6.86
$6.86
$0.00
$6.86
$6.86
Additional Interest
for Delinquency
and Prepayment
Reserve (b)
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$0.00
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$0.00
$7.87
$0.00
$7.87
$0.00
$7.87
$0.00
$7.87
$0.00
$7.87
$7.87
$0.00
$7.87
$7.87
Fiscal Year 2027
Annual
Installments
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$0.00
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$0.00
$201.96
$0.00
$201.96
$0.00
$201.96
$0.00
$201.96
$0.00
$201.96
$201.96
$0.00
$201.96
$201.96
Tax Parcel ID
43 1693 10
43169328
43169336
43169344
43169352
43169361
43169379
43169204
43169387
43169395
43169409
43169417
43169212
43169221
43169239
43169247
43169255
43169263
43169271
43169433
43169522
43169531
43169549
43169557
43169565
43169573
43169581
43169590
43169603
43169611
43169441
43169450
43169468
43169476
43169484
43169492
43169506
43169514
43169620
43169638
43169671
43169689
43169697
43169701
43169719
43169727
43169646
43169654
43169662
Total
Appendix A-1
Western Improvement Area - Major Improvements
Outstanding Major
Improvement Special
Assessment (a)
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$0.00
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$1,574.20
$4,600587.29
Major
Improvement
Annual
Assessments (b)
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$0.00
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$187.23
$547.17056
Administrative
Expenses (b)
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$0.00
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$6.86
$20.050.14
Additional Interest
for Delinquency
and Prepayment
Reserve (b)
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$0.00
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$7.87
$23,002.94
(a) The Initial Major Improvement Special Assessments are shown in Appendix A -I -A I of the Amended Service and Assessment Plan..
(b) The amount represents the prorated debt service amount due, Administrative Expenses due, and the Additional Interest for Delinquency and
Fiscal Year 2027
Annual
Installments
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$0.00
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$201.96
$590,223.64
Annendix A-2
Western Improvement Area
(Sanitary Sewer Improvements Unserved Tracts)
Major Improvements Assessment Roll Summary — 2026-27
23
Appendix A-2
UWestern Improvement Area - Major Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements Llnserved Tracts)
Outstanding
Major
Major
Improvement
Improvement
Additional Interest for
Fiscal Year 2027
Special
Annual
Administrative
Delinquency and
Annual
Tax Parcel ID Assessment (a)
Assessments (b)
Expenses (b)
Prepayment Reserve (b)
Installments
4103629 (Part of) $168,966.14
$20,095.98
$736.38
$844.83
$21,677.19
Total $168,966.14
$20,095.98
$736.38
$844.83
$21,677.19
(a) The Initial Major Improvement Special Assessments arc shown in Appendix A -1-A.2 of the Amended Service and Assessment Plan.
(b) The amount represents the prorated debt service amount due, Administrative Expenses due, and the Additional
Interest for Delinquency and Prepayment Reserves due from Parcels within the Western Improvement Area for
fiscal year 2027.
Annendix A-3
Western Improvement Area
(Water Improvements Unserved Tracts)
Major Improvements Assessment Roll Summary — 2026-27
24
Appendix A-3
Western Improvement Area - Major Improvements
Assessment Roll Summary 2026-27 (Water Improvements Unserved Tracts)
Outstanding
Major
Major
Additional Interest for
Improvement
Improvement
Delinquency and
Special Assessment
Annual
Administrative
Prepayment Reserve
Fiscal Year 2027
Tax Parcel ID
(a)
Assessments (b)
Expenses (b)
(b)
Annual installments
4103629 (Part of)
$98,235.97
$1 1,683.69
$428.13
$491.18
$12,603.00
42423153 (Part of)
$166,311.78
$19,780.28
$724.81
$831.56
$21,336.65
42423196 (Part of)
$1,510.61
$179.66
$6.58
$7.55
$193.80
Total
$266,058.36
$31,643.63
$1,159.53
$1,330.29
$34,133.45
(a) The Initial Major Improvement Special Assessments are shown in Appendix A -1-A.3 of the Amended Service and Assessment Plan
(b) The amount represents the pi orated debt service amount due, Administrative Expenses due, and the Additional
Interest for Delinquency and Prepayment Reserves due from Parcels within the Western Improvement Area for
fiscal year 2027.
Annendix A-4
Eastern Improvement Area
(Excluding Water Improvements Unserved Tracts)
Major Improvements Assessment Roll Summary — 2026-27
25
Appendix A-4
Eastern Improvement Area - Major Improvements
Assessment Roll Summary 2026-27 (Excludinn Water Improvements Unserved Tracts)
Tax Parcel ID
41291549 (Part of)
41291522
Total
Outstanding
Major
Improvement
Special Assessment
(a)
$1,712,517.88
$511,294.85
2.73
Major
Improvement
Annual
Assessments (b)
$203,678.21
$60,810.82
$264,489.03
Administrative
Expenses (b)
$7,463.44
$2,228.31
$9,691.75
Additional Interest for
Delinquency and
Prepayment Reserve
(b)
$8,562.59
$2,556.47
$11,119.06
(a) The Initial Major Improvement Special Assessments are shown in Appendix A -1 -A.3 of the Amended Service and Assessment Plan
(b) The amount represents the prorated debt service amount due, Administrative Expenses due, and the Additional
Interest for Delinquency and Prepayment Reserves due fiom Parcels within the Western Improvement Area foi
fiscal year 2027.
Fiscal Year 2027
Annual installments
$219,704.24
$65,595.60
$285,299.84
Annendix A-5
Eastern Improvement Area
(Water Improvements Unserved Tracts)
Major Improvements Assessment Roll Summary — 2026-27
26
Appendix A-5
Eastern Improvement Area - Major Improvements
Assessment Roll Summary 2026-27 f`b'ater Improvements Unserved Tracts)
Outstanding
Major
Major
Improvement
Improvement
Special Assessment
Annual
Tax Parcel ID (a)
Assessments (b)
05700906 $183,798.93
$21,860.11
41291549 (Part of) $1,505,487.75
$179,055.09
Total $1,689,286.68
$200,915.20
Additional Interest for
Delinquency and
Administrative Prepayment Reserve
Expenses (b) (b)
$801.03 $918.99
$6,561.17 $7,527.44
$7,362.20 $8,446.43
(a) The Initial Major Improvement Special Assessments are shown in Appendix A -1 -A.3 of the Amended Service and Assessment Plan
(b) The amount represents the prorated debt service amount due, Administrative Expenses due, and the Additional
Interest for Delinquency and Prepayment Reserves due fiom Parcels within the Western Improvement Area for
fiscal year 2027.
Fiscal Year 2027
Annual Installments
$23,580.14
$193,143.70
$216,723.84
Annendix A-6
Western Improvement Area
(Sanitary Sewer Improvements and Water Improvements served Tracts)
Roadway Improvements Assessment Roll Summary — 2026-27
27
tAppendix reoa
-6
Western Improvement Area - Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements and Water Improvements served Tracts)
Roadway
Roadway
Additional Interest
Improvement
Improvement
for Delinquency
Special Assessment
Annual
Administrative
and Prepayment
Fiscal Year 2027
Tax Parcel ID
(a)
Assessments (b)
Expenses (b)
Reserve (b)
Annual Installments
04103629 (Pan of)
$253,291.25
$30,807.98
$2,040.22
$1,266.46
$34,114.66
42423153 (Part of)
$93,107.06
$11,324.67
$749.96
$465.54
$12,540.17
42423145
$0.00
$0.00
$0.00
$0.00
$0.00
06839851
$364,419.04
$44,324.53
$2,935.34
$1,822.10
$49,081.97
42423196 (Part of)
$37,257.44
$4,531.65
$300.10
$186.29
$5,018.04
73223596
PREPAID
PREPAID
PREPAID
PREPAID
PREPAID
43086651
$132,893.22
$16,163.89
$1,070.44
$664.47
$17,898.79
43312023
$138,962.24
$16,902.07
$1,119.32
$694.81
$18,716.20
03710890
$1,074,774.27
$130,725.51
$8,65715
$5,373.87
$144,756.53
43164865
$207,238.30
$25,206.53
$1,669.27
$1,036.19
$27,912.00
43164873
$241,277.44
$29,346.73
$1,943.45
$1,206.39
$32,496.58
42423218
$148,362.98
$18,045.49
$1,195.04
$741.81
$19,982.34
42423200
$0.00
$0.00
$0.00
$0.00
$0.00
42617357
$0.00
$0.00
$0.00
$0.00
$0.00
43167791
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167881
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167899
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167902
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167911
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167929
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167937
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167945
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167953
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167961
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167970
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168101
$0.00
$0.00
$0.00
$0.00
$0.00
43167805
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167988
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167996
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168003
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168011
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168020
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168038
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168046
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168054
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168062
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168071
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167813
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168089
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168097
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168119
$0.00
$0.00
$0.00
$0.00
$0.00
43167821
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167830
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167848
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167856
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167864
$1,001.15
$121.77
$8.06
$5.01
$134.84
43167872
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169735
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169786
$0.00
$0.00
$0.00
$0.00
$0.00
43169743
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169794
$0.00
$0.00
$0.00
$0.00
$0.00
43169751
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169808
$0.00
$0.00
$0.00
$0.00
$0.00
43169760
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169778
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169816
$1,001.15
$121.77
$8.06
$5.01
$134.84
tAppendix reoa
-6
Western Improvement Area - Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements and Water Improvements served Tracts)
Roadway
Roadway
Additional Interest
Improvement
Improvement
for Delinquency
Special Assessment
Annual
Administrative
and Prepayment
Fiscal Year 2027
Tax Parcel ID
(a)
Assessments (b)
Expenses (b)
Reserve (b)
Annual Installments
43169905
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169913
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169921
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169930
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169948
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169956
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169964
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169972
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169981
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169999
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170211
$0.00
$0.00
$0.00
$0.00
$0.00
43169824
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170008
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170016
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170024
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170032
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170041
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170059
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170067
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170075
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170083
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170091
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170229
$0.00
$0.00
$0.00
$0.00
$0.00
43169832
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170105
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170113
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170237
$0.00
$0.00
$0.00
$0.00
$0.00
43170121
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170130
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170148
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170156
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170164
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170172
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170181
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170199
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169841
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170202
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170245
$0.00
$0.00
$0.00
$0.00
$0.00
43169859
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169867
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169875
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169883
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169891
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170253
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170261
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170270
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170288
$1,001.15
$121.77
$8.06
$5.01
$134.84
43170296
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168127
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168216
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168224
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168232
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168241
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168259
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168267
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168275
$1,001.15
$121.77
$8.06
$5.01
$134.84
tAppendix reoa
-6
Western Improvement Area - Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements and Water Improvements served Tracts)
Roadway
Roadway
Additional Interest
Improvement
Improvement
for Delinquency
Special Assessment
Annual
Administrative
and Prepayment
Fiscal Year 2027
Tax Parcel ID
(a)
Assessments (b)
Expenses (b)
Reserve (b)
Annual Installments
43168283
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168291
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168305
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168135
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168143
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168151
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168160
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168178
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168186
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168194
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168208
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168313
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168402
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168411
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168429
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168437
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168445
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168453
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168461
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168470
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168488
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168496
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168321
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168500
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168518
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168526
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168534
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168542
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168551
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168569
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168577
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168585
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168593
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168330
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168607
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168615
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168348
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168356
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168364
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168372
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168381
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168399
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168623
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168712
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168721
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168739
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168747
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168755
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168763
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168771
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168780
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168798
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168801
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168631
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168810
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168828
$1,001.15
$121.77
$8.06
$5.01
$134.84
tAppendix reoa
-6
Western Improvement Area - Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements and Water Improvements served Tracts)
Roadway
Roadway
Additional Interest
Improvement
Improvement
for Delinquency
Special Assessment
Annual
Administrative
and Prepayment
Fiscal Year 2027
Tax Parcel ID
(a)
Assessments (b)
Expenses (b)
Reserve (b)
Annual Installments
43168836
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168844
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168852
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168861
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168879
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168640
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168658
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168666
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168674
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168682
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168691
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168704
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168887
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168976
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168984
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168992
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169000
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169018
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169026
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169034
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169042
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169051
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169069
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169085
$0.00
$0.00
$0.00
$0.00
$0.00
43168895
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169077
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168909
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168917
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168925
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168933
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168941
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168950
$1,001.15
$121.77
$8.06
$5.01
$134.84
43168968
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169093
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169140
$0.00
$0.00
$0.00
$0.00
$0.00
43169107
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169158
$0.00
$0.00
$0.00
$0.00
$0.00
43169115
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169166
$0.00
$0.00
$0.00
$0.00
$0.00
43169123
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169174
$0.00
$0.00
$0.00
$0.00
$0.00
43169131
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169182
$0.00
$0.00
$0.00
$0.00
$0.00
43169191
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169280
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169425
$0.00
$0.00
$0.00
$0.00
$0.00
43169298
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169301
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169310
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169328
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169336
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169344
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169352
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169361
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169379
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169204
$1,001.15
$121.77
$8.06
$5.01
$134.84
tAppendix reoa
-6
Western Improvement Area - Roadway Improvements
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements and Water Improvements served Tracts)
Roadway
Roadway
Additional Interest
Improvement
Improvement
for Delinquency
Special Assessment
Annual
Administrative
and Prepayment Fiscal
Year 2027
Tax Parcel ID
(a)
Assessments (b)
Expenses (b)
Reserve (b) Annual Installments
43169387
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169395
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169409
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169417
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169212
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169221
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169239
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169247
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169255
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169263
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169271
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169433
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169522
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169531
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169549
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169557
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169565
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169573
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169581
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169590
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169603
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169611
$0.00
$0.00
$0.00
$0.00
$0.00
43169441
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169450
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169468
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169476
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169484
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169492
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169506
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169514
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169620
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169638
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169671
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169689
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169697
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169701
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169719
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169727
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169646
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169654
$1,001.15
$121.77
$8.06
$5.01
$134.84
43169662
$1,001.15
$121.77
$8.06
$5.01
$134.84
Total
$2,925,852.63
$355,873.39
$23,567.31
$14,629.26
$394,069.97
(a) The Initial Roadway Improvement Special Assessments are shown in Appendix A -I -A. I of the Amended Service and Assessment Plan
(b) The amount represents the prorated
debt service amount due,
Administrative Expenses
due, and the Additional
nterest for Delinquency and
Prepayment Reserves due fiom
Parcels within the Western
Improvement Area
for fiscal year 2027.
Annendix A-7
Western Improvement Area
(Water Improvements Unserved Tracts)
Roadway Improvements Assessment Roll Summary — 2026-27
28
Appendix A-7
Western Improvement Area - Roadway Improvements
Assessment Roll Summary 2026-27 f`b'ater Improvements Unserved Tracts)
Tax Parcel ID
4103629 (Part of)
42423153 (Part of)
42423196 (Part of)
Total
Outstanding
Roadway
Improvement
Special Assessment
(a)
$104,428.29
$176,795.26
$1,605.83
Roadway
Improvement
Annual
Assessments (b)
$12,701.68
$21,503.72
$195.32
$34.400.72
Additional Interest for
Delinquency and
Administrative Prepayment Reserve
Expenses (b) (b)
$841.15 $522.14
$1,424.06 $883.98
$12.93 $8.03
$2.278.15 $1.414.15
(a) The Initial Major Improvement Special Assessments are shown in Appendix A -1-A.3 of the Amended Service and Assessment Plan
(b) The amount represents the prorated debt service amount due, Administrative Expenses due, and the Additional
Interest for Delinquency and Prepayment Reserves due from Parcels within the Western Improvement Area for
fiscal year 2027.
Fiscal Year 2027
Annual Installments
$14,064.98
$23,811.76
$216.28
Annendix A-8
Western Improvement Area
(Sanitary Sewer Improvements Unserved Tracts)
Roadway Improvements Assessment Roll Summary — 2026-27
29
Appendix A-8
Western Improvement Area
Assessment Roll Summary 2026-27 (Sanitary Sewer Improvements Unserved Tracts)
Outstanding
Roadway
Roadway
Improvement
Improvement
Additional Interest for
Fiscal Year
Special Assessment
Annual
Administrative
Delinquency and
2027 Annual
Tax Parcel ID (a)
Assessments (b)
Expenses (b)
Prepayment Reserve (b)
Installments
4103629 (Part of) $267,482.98
$32,534.13
$2,154.54
$1,337.41
$36,026.08
Total $267,482.98
$32,534.13
$2,154.54
$1,337.41
$36,026.08
(a) The Initial Major Improvement Special Assessments are shown in Appendix A -1-A.2 of the Amended Service and Assessment Plan.
(b) The amount represents the prorated debt service amount due, Administrative Expenses due, and the Additional
Interest for Delinquency and Prepayment Reserves due from Parcels within the Western Improvement Area for
fiscal year 2027.
Appendix B
PID Assessment Notice
10
PID Assessment Notice
NOTICE OF OBLIGATION TO PAY PUBLIC IMPROVEMENT DISTRICT ASSESSMENT TO
THE CITY OF FORT WORTH, TEXAS
CONCERNING THE FOLLOWING PROPERTY
[insert property address]
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
the Fort Worth Public Improvement District No. 17 (Rock Creek Ranch) Public Improvement
District (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 or MuniCap, Inc., the District Administrator for the City,
located at 600 E. John Carpenter Fwy, Suite 150, Irving, Texas 75062 and available by telephone at
(469) 490-2800 or (866) 648-8482 (toll free) and email at txDidaa,municaacom.
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.
Date:
Signature of Seller
Signature of Seller
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:
Signature of Purchaser Signature of Purchaser
STATE OF TEXAS §
§
COUNTY OF §
31
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, in the capacity stated and as the act and deed of the above -referenced entities as
an authorized signatory of said entities.
Given under my hand and seal of office on this , 20
Notary Public, State of Texas
J2
FORT WORTH
MAYOR AND COUNCIL COMMUNICATION
7.1.3 03PID17 FY27
DATE: 08/25/26 M&C FILE NUMBER: M&C 26-0680
DEPARTMENT: FWLAB
SUBJECT
(CD 6) Adopt the Attached Ordinance Approving and Adopting the Fiscal Year 2027 Budget
and Five -Year Service and Assessment Plan for Public Improvement District 17 - Rock Creek in
the Amount of $1,691,247.00; and Adopt Appropriation Ordinance
RECOMMENDATION
It is recommended that the City Council:
1. Adopt the attached ordinance approving and adopting the Fiscal Year 2027 budget in
the amount of $1,691,247.00 and updated Service and Assessment Plan for the Rock
Creek Public Improvement District;
2. Direct the City Secretary to record a copy of the Service Assessment Plan Ordinance in
the real property records of Tarrant County, Texas no later than the seventh (7th) day
after adoption by the City Council; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and
appropriations in the Rock Creek PID Custodial Fund by a total of $1,691,247.00, of which
(1) $1,616,247.00 is from assessment revenue and (2) $75,000.00 is from available
unreserved fund balance.
DISCUSSION
The purpose of this Mayor and Council Communication (M&C) is to consider and approve a
budget and updated service and assessment plan for Rock Creek Ranch Public Improvement
District (PID).
In December 2016, the City Council approved the creation of the Rock Creek Ranch Public PID
as a vehicle to finance certain authorized improvements for the benefit of the property in the
PID (M&C G-18910). PIDs are governed by Chapter 372 of the Texas Local Government Code,
which requires review and update of a PID's Service and Assessment Plan (SAP) on an annual
basis and establishment of an annual budget.
On August 15, 2017, the City Council approved the initial Service and Assessment Plan (SAP)
for the PID encompassing the major improvements (water and sewer) in both the eastern
and western improvement areas of the PID and adopted the ordinance levying assessments
for those improvements on property within the entire PID (M&C G-19077). In June of 2018 the
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FORT WORTH
City Council approved an amended SAP to include certain roadway improvements to be
provided in the western improvement area and enacting an ordinance levying assessments
for those improvements on property within the western improvement area (M&C G-19297).
City Council approved the issuance and sale of Special Assessment Revenue Bonds, Series
2017 (Fort Worth Public Improvement District No. 17 - Rock Creek Ranch - Major Improvement
project) in the aggregate principal amount of $12,685,000.00 (M&C G-19079) and issuance
and sale of Special Assessment Revenue Bonds, Series 2018 (Fort Worth Public Improvement
District No. 17 - Rock Creek Ranch - Roadway Improvement project), in the aggregate
principal amount of $5,155,000.00 (Mac G-19296).
Substantive amendments to the SAP were approved in 2021, 2024, and 2026 (Macs 20-0907,
24-1146, and 26-0550) to address matters including assessment methodology, sewer
capacity considerations, changes to the development plan, and the use of residual bond
proceeds for eligible public improvements.
This M&C and the attached SAP are intended to serve as the SAP update and annual budget
for Fiscal Year 2027.
The Fiscal Year 2027 budget for the PID is summarized in the following table:
Major Roadway
Line Item Improvements Improvements TOTAL
Assessment Area Assessment Area
Special
Assessment $1,148,058.00 $468,189.00 $1,616,247.00
Revenue
Use of Fund
$54,000.00 $21,000.00 $75,000.00
Balance
Total Revenue $1,202,058.00 $489,189.00 $1,691,247.00
Major Roadway
Line Item Improvements Improvements TOTAL
Assessment Area Assessment Area
Debt Interest
$453,314.00 $173,808.00 $627,122.00
Payment
Debt Principal
De$645,000.00 $260,000.00 $905,000.00
Payment
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FORT WORTH
City Admin Fee
$22,961.00 $9,364.00 $32,325.00
(2%)
Admin Expenses $36,039.00 $28,636.00 $64,675.00
Additional Interest
$44,744.00 $17,381.00 $62,125.00
for Reserves
Total Expense $1,202,058.00 $489,189.00 $1,691,247.00
Funding will be budgeted within the Rock Creek Ranch PID Custodial Fund for Fiscal Year 2027.
This M&C does not request approval of a contract with a business entity.
FISCAL IN FORMATION/CERTIFICATION
The Director of Finance certifies that upon approval of the above recommendations and
adoption of the Fiscal Year 2027 Budget by the City Council, funds will be available in the
Fiscal Year 2027 operating budget, as appropriated, in the Rock Creek Ranch PID Custodial
Fund. Prior to an expenditure being incurred, the FWLab Department has the responsibility to
validate the availability of funds.
SUBMITTED FOR CITY MANAGER'S OFFICE BY: Christianne Simmons, # 6222
ORIGINATING BUSINESS UNIT HEAD: Christianne Simmons, # 6222
ADDITIONAL INFORMATION CONTACT: Brady Kirk, # 8712
ATTACHMENTS
1. Rock Creek Ranch PID - Annual Service Plan Update - 2026-27 v 2.0 [7.1.3.1 - 49 pages]
2. PID 17 SAP Update Ord F Y 27 [7.1.3.2 - 2 pages]
3. 03PID17 FY27 AO [7.1.3.4 - 1 page]
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