HomeMy WebLinkAbout26-6402 - City Council - ResolutionRESOLUTION 26-6402
A RESOLUTION OF THE CITY OF FORT WORTH, TEXAS
DETERMINING THE COSTS OF CERTAIN PUBLIC IMPROVEMENTS
TO BE FINANCED BY THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT NO. 22 (VEALE RANCH); ACCEPTING A PRELIMINARY
SERVICE AND ASSESSMENT PLAN, INCLUDING PROPOSED
ASSESSMENT ROLLS; DIRECTING THE FILING OF THE PROPOSED
ASSESSMENT ROLLS WITH THE CITY SECRETARY TO MAKE
AVAILABLE FOR PUBLIC INSPECTION; CALLING A PUBLIC
HEARING ON OCTOBER 27, 2026, TO CONSIDER AN ORDINANCE
LEVYING ASSESSMENTS ON CERTAIN PROPERTY WITHIN THE
DISTRICT; DIRECTING CITY STAFF TO PUBLISH AND MAIL NOTICE
OF SAID PUBLIC HEARING; AND RESOLVING OTHER MATTERS
INCIDENT AND RELATED THERETO
WHEREAS, Chapter 372, Texas Local Government Code (the "Act") authorizes the
governing body (the "City Council") of the City of Fort Worth, Texas (the "City"), to create a
public improvement district within the corporate limits and extraterritorial jurisdiction of the City;
and
WHEREAS, on August 8, 2023, the City Council conducted a public hearing to consider
a petition received by the City on June 5, 2023 (the "Petition"), requesting the creation of Fort
Worth Public Improvement District No. 22 (Veale Ranch) (the "District") to undertake the
construction of certain public improvements described in the Petition (the "Authorized
Improvements"); and
WHEREAS, on August 8, 2023, the City Council adopted Resolution No. 5782-08-2023
authorizing, establishing and creating the District; and
WHEREAS, the City Council now desires to levy special assessments on Improvement
Area #6 (as defined in the Preliminary SAP (defined below)) of the District for the purposes of
financing the costs of certain Authorized Improvements in Improvement Area #6 (the
"Improvement Area #6 Improvements"); and
WHEREAS, the City Council and the City staff have been presented with a Preliminary
Service and Assessment Plan for the District, including the Improvement Area #6 Assessment Roll
(the "Proposed Assessment Roll") (the Preliminary Service and Assessment Plan and the
Proposed Assessment Roll are referred to collectively as, the "Preliminary SAP"), a copy of
which is attached hereto as Exhibit A and is incorporated herein for all purposes; and
WHEREAS, the Preliminary SAP sets forth the estimated total costs of the Improvement
Area #6 Improvements, and the Proposed Assessment Roll states the proposed assessments to be
levied against each parcel of land in Improvement Area #6 benefited by such improvements, as
determined by the assessment methodology chosen by the City Council and set forth in the
Preliminary SAP; and
WHEREAS, the Act requires that the Proposed Assessment Rolls levying the assessments
on Improvement Area #6 be filed with the City Secretary of the City (the "City Secretary") and
be subject to public inspection; and
WHEREAS, the Act requires that a public hearing (the "Assessment Hearing") be called
to consider the proposed assessments on benefited property within Improvement Area #6 and
requires the City Council to hear and pass on any objections to such proposed assessments at, or
on the adjournment of, the Assessment Hearing; and
WHEREAS, the Act requires that notice of the Assessment Hearing be published in a
newspaper of general circulation in the City, and in a newspaper of general circulation in the part
of the City's extraterritorial jurisdiction in which the District is located or in which the proposed
improvements are to be undertaken, before the tenth (10th) day before the date of the Assessment
Hearing and be mailed to property owners liable for assessment; and
WHEREAS, after all objections have been heard and passed on at the Assessment Hearing,
the City Council may levy assessments on benefited property within Improvement Area #6 to pay
for the Improvement Area #6 Improvements,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS THAT:
1. The recitals set forth above in this Resolution are true and correct and are hereby
adopted as findings of the City Council and are incorporated into the body of this Resolution
as if fully set forth herein; and
2. The City Council hereby accepts the Preliminary SAP, including the Proposed
Assessment Rolls. All capitalized terms not otherwise defined herein shall have the meanings
given to such terms in the Preliminary SAP; and
3. The City Council hereby determines that the estimated total cost of the
Improvement Area #6 Improvements to be funded through the assessments to be levied on
benefitted property in Improvement Area #6 of the District, including financing costs, is
approximately $30,380,000; and
4. The City Council's final determination and approval of the costs of the
Improvement Area #6 Improvements, or any portion thereof, shall be subject to and contingent
upon City Council approval of a final Service and Assessment Plan which will include the final
Improvement Area #6 Assessment Roll, after the properly noticed and held Assessment
Hearing; and
5. The City Council hereby authorizes and directs the filing of the Preliminary SAP,
including the Proposed Assessment Roll, with the City Secretary and the same shall be
available for public inspection on the City's website; and
6. The City Council hereby authorizes, and calls, a public hearing (the Assessment
Hearing as defined above) to be held on October 27, 2026, at or after 1 p.m. at City Council
Chamber, City Hall, 100 Fort Worth Trail, Fort Worth, Texas, at which the City Council shall,
among other actions, hear and pass on any objections to the proposed assessments; and, upon
the adjournment of the Assessment Hearing, the City Council may consider an ordinance
levying the assessments on the benefited property within Improvement Area #6 of the District
(which ordinance shall specify the method of payment of the assessments); and
7. The City Council hereby authorizes and directs City staff to publish notice of the
Assessment Hearing in substantially the form attached hereto as Exhibit B and incorporated
herein for all purposes, in a newspaper of general circulation in the City, and in a newspaper
of general circulation in the part of the City's extraterritorial jurisdiction in which the District
is located or in which the proposed improvements are to be undertaken, on or before October
16, 2026, as required by Section 372.016(b) of the Act; and
8. When the Proposed Assessment Rolls are filed with the City Secretary, the City
Council hereby authorizes and directs City staff, on or before October 16, 2026, to mail to
owners of property liable for assessment notice of the Assessment Hearing as required by
Section 372.016(c) of the Act; and
9. City staff is authorized and directed to take such other actions as are required
(including, but not limited to, providing notice of the public hearing as required by the Texas
Open Meetings Act) to place the Assessment Hearing on the agenda for the October 27, 2026
meeting of the City Council; and
10. This resolution shall be effective from and after its passage by the City Council.
Adopted this October 13, 2026.
ATTEST:
By:
Jannette S. Goodall, City Secretary
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FORT WORTH
PUBLIC IMPROVEMENT DISTRICT
NUMBER 22
(VEALE RANCH)
CITY OF FORT WORTH, TEXAS
FORT WORTH®
PRELIMINARY AMENDED SERVICE AND
ASSESSMENT PLAN
April 28, 2026
As updated for Improvement Area #4 and #5 Bonds on
August 11, 2026, as updated for Improvement Area #6 levy
on October 13, 2026
PREPARED BY:
MUNICAP, INC.
PUBLIC FINANCE
FORT WORTH
PUBLIC IMPROVEMENT DISTRICT
NUMBER 22
(VEALE RANCH)
PRELIMINARY AMENDED SERVICE AND ASSESSMENT PLAN
TABLE OF CONTENTS
I. PLAN DESCRIPTION AND DEFINED TERMS...................................................................1
A.
INTRODUCTION............................................................................................................................1
B.
DEFINITIONS............................................................................................................................... 2
II. PROPERTY
INCLUDED IN THE PID............................................................................
12
A.
PROPERTY INCLUDED IN THE PID..............................................................................................12
B.
PROPERTY INCLUDED IN IMPROVEMENT AREA #4.....................................................................13
C.
PROPERTY INCLUDED IN IMPROVEMENT AREA #5.....................................................................13
D.
PROPERTY INCLUDED IN IMPROVEMENT AREA #6.....................................................................13
E.
PROPERTY INCLUDED IN FUTURE IMPROVEMENT AREAS..........................................................14
III. DESCRIPTION
OF THE AUTHORIZED IMPROVEMENTS .............................................16
16
A.
AUTHORIZED IMPROVEMENT OVERVIEW..................................................................................16
B.
DESCRIPTIONS AND BUDGETED COSTS OF IMPROVEMENT AREA #4 IMPROVEMENTS ................17
C.
DESCRIPTIONS AND BUDGETED COSTS OF IMPROVEMENT AREA #5 IMPROVEMENTS ................19
D.
DESCRIPTIONS AND BUDGETED COSTS OF IMPROVEMENT AREA #6 IMPROVEMENTS ................21
E.
FUTURE IMPROVEMENT AREAS..................................................................................................23
IV. SERVICE PLAN........................................................................................................
25
A.
PROJECTED SOURCES AND USES OF FUNDS................................................................................25
B.
PROJECTED FIVE-YEAR SERVICE PLAN.....................................................................................30
C.
PID ASSESSMENT NOTICE..........................................................................................................32
V. ASSESSMENT
PLAN...................................................................................................
33
A.
INTRODUCTION..........................................................................................................................33
B.
SPECIAL BENEFIT.......................................................................................................................35
C.
ASSESSMENT METHODOLOGY....................................................................................................37
D.
ASSESSMENTS.............................................................................................................................39
E.
ADMINISTRATIVE EXPENSES......................................................................................................40
F.
ADDITIONAL INTEREST RESERVE...............................................................................................40
G.
TIRZ ANNUAL CREDIT..............................................................................................................40
VI. TERMS OF THE ASSESSMENTS................................................................................. 41
A. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN
IMPROVEMENTAREA #4........................................................................................................... 41
B.
AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN
IMPROVEMENTAREA #5........................................................................................................... 41
C.
AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN
IMPROVEMENTAREA #6...........................................................................................................42
D.
AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED WITHIN
FUTURE IMPROVEMENT AREAS.................................................................................................42
E.
REALLOCATION OF ASSESSMENTS.............................................................................................43
F.
MANDATORY PREPAYMENT OF ASSESSMENTS...........................................................................43
G.
REDUCTION OF ASSESSMENTS....................................................................................................44
H.
PAYMENT OF ASSESSMENTS.......................................................................................................45
I.
COLLECTION OF ANNUAL INSTALLMENTS.................................................................................47
VII. THE ASSESSMENT ROLL........................................................................................
49
A.
IMPROVEMENT AREA #4 ASSESSMENT ROLL.............................................................................49
B.
IMPROVEMENT AREA #5 ASSESSMENT ROLL.............................................................................50
C.
IMPROVEMENT AREA #6 ASSESSMENT ROLL.............................................................................51
D.
FUTURE IMPROVEMENT AREAS ASSESSMENT ROLL..................................................................51
E.
ANNUAL ASSESSMENT ROLL UPDATES.......................................................................................52
VIII. MISCELLANEOUS PROVISIONS........................................................................... 53
A. ADMINISTRATIVE REVIEW.........................................................................................................53
B. TERMINATION OF ASSESSMENTS................................................................................................53
C. AMENDMENTS............................................................................................................................53
D. COUNTY FILING.........................................................................................................................54
E. ADMINISTRATION AND INTERPRETATION OF PROVISIONS..........................................................54
F. SEVERABILITY............................................................................................................................54
APPENDIX A-1
- PID MAP
APPENDIX A-2
- IMPROVEMENT AREA #4 MAP
APPENDIX A-3
- IMPROVEMENT AREA #5 MAP
APPENDIX A-4
- IMPROVEMENT AREA #6 MAP
APPENDIX A-5
- FUTURE IMPROVEMENT AREA
APPENDIX B -
BUDGETED COSTS OF THE AUTHORIZED IMPROVEMENTS
APPENDIX C-1
- IMPROVEMENT AREA #4 LEGAL DESCRIPTION
APPENDIX C-2
- IMPROVEMENT AREA #5 LEGAL DESCRIPTION
APPENDIX C-3
- IMPROVEMENT AREA #6 LEGAL DESCRIPTION
APPENDIX D -
DIAGRAMS OF THE AUTHORIZED IMPROVEMENTS
APPENDIX E -
PID ASSESSMENT NOTICE
APPENDIX F - ASSESSMENT PER UNIT, PROJECTED LEVERAGE AND PROJECTED TAX
RATE EQUIVALENTS
APPENDIX G -
IMPROVEMENT AREA #4 ASSESSMENT ROLL
APPENDIX H -
IMPROVEMENT AREA #5 ASSESSMENT ROLL
APPENDIX I - PROPOSED IMPROVEMENT AREA #6 ASSESSMENT ROLL
I. PLAN DES GRIP TIONAND DEFINED TERMS
A. INTRODUCTION
On August 8, 2023, the City Council of the City of Fort Worth, Texas (the "City") passed and
approved Resolution No. 5782-08-2023 approving and authorizing the creation of the Fort Worth
Public Improvement District No. 22 (Veale Ranch) (the "PID") to finance the costs of certain
public improvements for the benefit of certain property in the PID, which was located both within
the corporate limits of the City and in the extraterritorial jurisdiction of the City at the time the PID
was created.
The property within the PID is proposed to be developed in multiple phases, and the PID will
finance certain public improvements as the property within the PID is developed. Assessments
will be imposed on the property within the PID that receives a special benefit from certain
Authorized Improvements.
Chapter 372 of the Texas Local Government Code, the "Public Improvement District Assessment
Act" (as amended, the "PID Act"), governs the creation and operation of public improvement
districts within the State of Texas. This Fort Worth Public Improvement District No. 22 (Veale
Ranch) Service and Assessment Plan (the "Service and Assessment Plan") has been prepared in
accordance with the PID Act and specifically Sections 372.013, 372.014, 372.015 and 372.016,
which address the requirements of a service and assessment plan and the assessment roll.
According to Section 372.013 of the PID Act, a service plan "must (1) cover a period of at least
five years; (2) define the annual indebtedness and the projected costs for improvements; and (3)
include a copy of the notice form required by Section 5.014, Property Code." Additionally, Section
372.013 of the PID Act provides that "[t]he governing body of the municipality or county shall
review and update the service plan annually for the purpose of determining the annual budget for
improvements." The service plan is described in Section IV of this Service and Assessment Plan.
The copy of the notice form required by Section 5.014 of the Texas Property Code, as amended,
is attached hereto as Appendix E.
Section 372.014 of the PID Act provides that "[a]n assessment plan must be included in the annual
service plan." The assessment plan is described in Section V of this Service and Assessment Plan.
Section 372.015 of the PID Act provides that "[t]he governing body of the municipality or county
shall apportion the cost of an improvement to be assessed against property in an improvement
district." The method of assessing the costs of the Authorized Improvements and apportionment
of such costs to the property within the PID is included in Section V of this Service and
Assessment Plan.
Section 372.016 of the PID Act provides that "[a]fter the total cost of an improvement is
determined; the governing body of the municipality or county shall prepare a proposed assessment
roll. The rolls must state the assessment against each parcel of land in the district, as determined
by the method of assessment chosen by the municipality or county under this subchapter." The
Improvement Area #4 Assessment Roll, the Improvement Area #5 Assessment Roll, and the
Improvement Area #6 Assessment Roll are included as Appendix G, Appendix H, and Appendix
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I, respectively, to this Service and Assessment Plan. The Assessments as shown on such
Assessment Rolls are based on the method of assessment and apportionment of costs described in
Section V of this Service and Assessment Plan.
On April 28, 2026, the City Council approved the Improvement Area #4 Reimbursement
Agreement and Improvement Area #5 Reimbursement Agreement to finance, refinance, provide
or otherwise assist in the acquisition, construction and maintenance of the public improvements
provided for the benefit of the property in the PID. The Improvement Area #4 Reimbursement
Agreement allocated to the Improvement Area #4 Improvements was $16,630,000 and the
Improvement Area #5 Reimbursement Agreement allocated to the Improvement Area #5
Improvements was $6,809,000.
On August 11, 2026, the City Council approved the Improvement Area #4 & #5 Bonds to remove
the obligation under the Improvement Area #4 Reimbursement Agreement and the Improvement
Area #5 Reimbursement Agreement. Improvement Area #4 & #5 Bonds were issued in the amount
of $23,018,000.
This Service and Assessment Plan is being amended and restated herein to, provide for the levy
of Assessments on Improvement Area #6 of the PID. The amended and restated Service and
Assessment Plan is herein referred to as the "Service and Assessment Plan".
B. DEFINITIONS
Capitalized terms used herein shall have the meanings ascribed to them as follows:
"Actual Cost(s)" means, with respect to an Authorized Improvement, the demonstrated,
reasonable, allocable, and allowable costs of constructing such Authorized Improvement, as
specified in a Certificate for Payment that has been reviewed and approved by the City. Actual
Costs may include (a) the costs for the design, planning, financing, administration, management,
acquisition, installation, construction and/or implementation of such Authorized Improvement,
including general contractor and construction management fees, if any, (b) the costs of preparing
the construction plans for such Authorized Improvement, (c) the fees paid for obtaining permits,
licenses or other governmental approvals for such Authorized Improvement, (d) the costs for
external professional costs associated with such Authorized Improvement, such as engineering,
geotechnical, surveying, land planning, architectural landscapers, advertising, marketing and
research studies, appraisals, legal, accounting and similar professional services, taxes (e) the costs
of all labor, bonds and materials, including equipment and fixtures, incurred by contractors,
builders and material men in connection with the acquisition, construction or implementation of
the Authorized Improvements, (f) all related permitting, zoning and public approval expenses,
architectural, engineering, legal, and consulting fees, financing charges, taxes, governmental fees
and charges (including inspection fees, City permit fees, plan review fees, material testing fees,
water lab fees, development fees, capacity fees and per acre charges), insurance premiums, and
miscellaneous expenses, and (g) the fair market value of any Property for which easements, road
right-of-way or landscaping facilities has been dedicated to the City as an Authorized
Improvement.
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Actual Costs include general contractor's fees in an amount up to a percentage equal to the
percentage of work completed and accepted by the City or construction management fees in an
amount up to five percent of the eligible Actual Costs described in a payment request in a form
that has been reviewed and approved by the City. The amounts expended on legal costs, taxes,
governmental fees, insurance premiums, permits, financing costs, and appraisals shall be excluded
from the base upon which the general contractor and construction management fees are calculated.
"Additional Interest Component" means the amount collected by application of the Additional
Interest Rate.
"Additional Interest Rate" means the 0.50% additional interest rate charged on Assessments
pursuant to Section 372.018 of the PID Act.
"Additional Interest Reserve" has the meaning set forth in Section V.G of this Service and
Assessment Plan.
"Administrative Expenses" means the costs associated with, or incident to, the administration,
organization, maintenance and operation of the PID, including, but not limited to, the costs of: (i)
creating and organizing the PID, including conducting hearings, preparing notices and petitions,
and all costs incident thereto, including engineering fees, legal fees and consultant fees, (ii) the
annual administrative, organization, maintenance, and operation costs and expenses associated
with, or incident and allocable to, the administration, organization, maintenance, and operation of
the PID and the Authorized Improvements, (iii) computing, levying, billing and collecting
Assessments or the Annual Installments thereof, (iv) maintaining the record of installments of the
Assessments and the system of registration and transfer of the Bonds, (v) paying and redeeming
the Bonds, (vi) investing or depositing of monies, (vii) complying with the PID Act and other
laws applicable to the Bonds, (viii) the Trustee fees and expenses relating to the Bonds, including
reasonable fees, (ix) legal counsel, engineers, accountants, financial advisors, investment bankers
or other consultants and advisors, and (x) administering the construction of the Authorized
Improvements. Administrative Expenses do not include payment of the actual principal of,
redemption premium, if any, and interest on the Bonds. Administrative Expenses collected and
not expended for actual Administrative Expenses in one year shall be carried forward and applied
to reduce Administrative Expenses in subsequent years to avoid the over -collection of amounts to
pay Administrative Expenses.
"Administrator" means an employee of the City or third -party designee of the City who shall
have the responsibilities provided in this the Service and Assessment Plan, a Trust Indenture, or
any other agreement or document approved by the City related to the duties and responsibilities
of the administration of the PID. The initial Administrator is MuniCap, Inc.
"Annual Installment" means, with respect to each Parcel of Assessed Property, each annual
payment of: (i) the Assessments including both principal of and interest thereon, as shown on the
applicable Assessment Roll attached hereto (or any Annual Service Plan Update, and calculated
as provided in Section VI of this Service and Assessment Plan, (ii) the Additional Interest
Component described in Section V of this Service and Assessment Plan, and (iii) Administrative
Expenses.
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"Annual Service Plan Update" has the meaning set forth in Section IV.A of this Service and
Assessment Plan.
"Assessed Property" means any property that benefits from the Authorized Improvements within
the PID on which Assessments have been imposed as shown in the applicable Assessment Roll,
as such Assessment Roll is updated each year by the Annual Service Plan Update. Assessed
Property includes all Parcels within the PID other than Non -Benefited Property.
"Assessment" means an assessment levied against a Parcel of Assessed Property imposed
pursuant to an Assessment Ordinance and the provisions hereof, as shown on the applicable
Assessment Roll, subject to reallocation or reduction according to the provisions hereof and the
PID Act. An Assessment for a Parcel of Assessed Property consists of the Annual Installments to
be collected in all years including the portion of those Annual Installments collected to pay
Administrative Expenses and interest (including the Additional Interest Component) on all
Assessments.
"Assessment Ordinance" means each ordinance adopted by the City Council approving this
Service and Assessment Plan (including amendments or supplements to this Service and
Assessment Plan) and levying Assessments against Assessed Property, and includes the
Improvement Area #4 Assessment Ordinance, the Improvement Area #5 Assessment Ordinance,
the Improvement Area #6 Assessment Ordinance, and all Future Improvement Area Assessment
Ordinances.
"Assessment Revenues" means the revenues actually received by or on behalf of the City from
the collection of Assessments.
"Assessment Roll" means the Improvement Area #4 Assessment Roll, the Improvement Area #5
Assessment Roll, the Improvement Area #6 Assessment Roll, and all Future Improvement Area
Assessment Rolls approved in an amendment or supplement to this Service and Assessment Plan
or in an Annual Service Plan Update.
"Authorized Improvements" means those public improvements described in Appendix B of this
Service and Assessment Plan and Section 372.003 of the PID Act, constructed and installed in
accordance with this Service and Assessment Plan, and any future updates and/or amendments.
"Bonds" means any bonds issued by the City in one or more series and secured in whole or in
part by the Assessment Revenues.
"Budgeted Cost(s)" means the amounts budgeted to construct the Authorized Improvements as
used in the preparation of this Service and Assessment Plan.
"Certification for Payment" means the certificate to be provided by the Developer, or its
designee, to substantiate the Actual Costs of one or more Authorized Improvements.
"City" means the City of Fort Worth, Texas.
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"City Council" means the duly elected governing body of the City.
"County" means Tarrant County, Texas or Parker County, Texas.
"Delinquent Collection Costs" means the costs related to the foreclosure on a Parcel of Assessed
Property and the costs of collection of a delinquent Assessment or any other delinquent amounts
due under this Service and Assessment Plan, all in accordance with the PID Act, including
penalties and reasonable attorney's fees actually paid, but excluding amounts representing interest
and penalty interest.
"Developer" means the applicable Original Owner of an Improvement Area and any authorized
assignee pursuant to the Development Agreement.
"Development Agreement" means that certain "Veale Ranch Development Agreement" by and
among the Original Owners and the City, related to the property within the PID, and effective as
of March 9, 2023, as amended, supplemented, or assigned from time to time.
"Equivalent Units" means, as to any Parcel of Assessed Property, the number of dwelling units
by Lot Type expected to be built on such Parcel multiplied by the factors calculated and shown in
Appendix F attached hereto.
"Future Improvement Area" means an Improvement Area to be defined and developed after
Improvement Area #1, #2, and #3, Improvement Area #4, and Improvement Area #5,
Improvement Area #6, and within the boundaries of the PID (but which are not subject to
development at this time).
"Future Improvement Area Assessed Property" means all Parcels of Assessed Property within
the Future Improvement Area.
"Future Improvement Area Assessment" means an Assessment levied against Future
Improvement Area Assessed Property to pay for a portion of the Future Improvement Area
Improvements and imposed pursuant to a Future Improvement Area Assessment Ordinance and
the provisions herein, as shown on a Future Improvement Area Assessment Roll, subject to
reallocation or reduction pursuant to the provisions set forth herein and in the PID Act.
"Future Improvement Area Assessment Ordinance" means each ordinance adopted by the
City Council that levies a Future Improvement Area Assessment against Future Improvement
Area Assessed Property.
"Future Improvement Area Assessment Roll" means the Assessment Roll that will be attached
to this Service and Assessment Plan in conjunction with the adoption of a Future Improvement
Area Assessment Ordinance.
"Future Improvement Area Bonds" means bonds issued to fund Future Improvement Area
Improvements (or a portion thereof) in a Future Improvement Area that are secured in whole or in
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part by Future Improvement Area Assessments. In connection with Future Improvement Area
Bonds, Future Improvement Area Assessments related to such Future Improvement Area Bonds,
Future Improvement Area Assessments will be levied only on Assessed Property located within
the applicable Future Improvement Area to finance Future Improvement Area Improvements
which will only benefit such Future Improvement Area.
"Future Improvement Area Improvements" means those Authorized Improvements which will
confer a special benefit to the related Future Improvement Area.
"Future Improvement Area Reimbursement Agreement" means any reimbursement
agreement related to the Actual Costs of Future Improvement Area Improvements to be paid from
Future Improvement Area Assessments secured by the Future Improvement Area Assessed
Property for the Future Improvement Area Improvements under the terms of the Master
Reimbursement Agreement.
"Homeowners' Association" means a homeowner's association or property owners' association
established for the benefit of property owners within the boundaries of the PID.
"Homeowners' Association Property" means property within the boundaries of the PID that is
owned by or irrevocably offered for dedication to, whether in fee simple or through an exclusive
use easement, a Homeowner's Association.
"Improvement Area" means one or more Parcels within the PID that will be developed in the
same general time period. The Parcels within an Improvement Area or will be assessed in
connection with the issuance of Bonds to fund Authorized Improvements (or the portion thereof)
designated in an update to this Service and Assessment Plan that specially benefit the Parcels
within the Improvement Area.
"Improvement Area Reimbursement Agreements" means, collectively, the Improvement
Area #4 Reimbursement Agreement, the Improvement Area #5 Reimbursement Agreement, the
Improvement Area #6 Reimbursement Agreement, and all Future Improvement Area
Reimbursement Agreements.
"Improvement Areas #1, #2, and #3" means the Improvement Areas developed as depicted in
Appendix A-1 and are not anticipated to have an Assessment imposed upon them.
"Improvement Area #4" or "IA #4" means the improvement area to be developed as depicted
in Appendix A-2, and as specifically described as the sum of all Parcels shown in Appendix G.
Also referred to as Maverick Phase # 1.
"Improvement Area #4 and #5 Assessment Ordinance" means Ordinance No. 28474-04-2026
approved and adopted by the City Council on April 28, 2026, which levied the Improvement Area
#4 Assessment against the Improvement Area #4 Assessed Property and the Improvement Area
#5 Assessment against the Improvement Area #5 Assessed Property, respectively, and approved
this Service and Assessment Plan.
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"Improvement Area #4 and #5 Bonds" mean those certain City of Fort Worth, Texas, Special
Assessment Revenue Bonds, Series 2026 (Fort Worth Public Improvement District No. 22 (Veale
Ranch) Improvement Area #4 and #5 Project) that are secured primarily by Improvement Area #4
Assessment Revenues and Improvement Area #5 Assessment Revenues. The term Improvement
Area #4 and #5 Bonds may also include any additional bonds issued in the future to construct or
acquire the Improvement Area #4 Improvements and Improvement Area #5 Improvements
currently being constructed pursuant to the Master Reimbursement Agreement and the
Improvement Area #4 Reimbursement Agreement and Improvement Area #5 Reimbursement
Agreement and which will also be secured by the Improvement Area #4 Assessment Revenues
and Improvement Area #5 Assessment Revenues.
"Improvement Area #4 Assessed Property" means all Parcels of Assessed Property within
Improvement Area #4 as shown in the Improvement Area #4 Assessment Roll against which an
Improvement Area #4 Assessment relating to the Improvement Area #4 Improvements is levied.
"Improvement Area #4 Assessment" means an Assessment levied against Improvement
Area #4 Assessed Property to pay for a portion of the Improvement Area #4 Improvements and
imposed pursuant to the Improvement Area #4 Assessment Ordinance and the provisions herein,
as shown on the Improvement Area #4 Assessment Roll, subject to reallocation or reduction
pursuant to the provisions set forth herein and in the PID Act.
"Improvement Area #4 Assessment Revenues" mean the actual revenues received by or on
behalf of the City from the collection of Improvement Area #4 Assessments or the Annual
Installments thereof.
"Improvement Area #4 Assessment Roll" means the document attached to this Service and
Assessment Plan as Appendix G, as updated, modified or amended from time to time in
accordance with the procedures set forth herein and in the PID Act, including updates prepared in
connection with the issuance of Bonds or in connection with any Annual Service Plan Update.
"Improvement Area #4 Developer" means FW Club LP and FW Maverick Development LLC,
its successors and assigns.
"Improvement Area #4 Improvements" means the Authorized Improvements which only
benefit the Improvement Area #4, which are described in Section III.B.
"Improvement Area #4 Reimbursement Agreement" means the reimbursement agreement
related to the Actual Costs of the Improvement Area #4 Improvements to be paid from
Improvement Area #4 Assessments secured by the Improvement Area #4 Assessed Property for
the Improvement Area #4 Improvements under the terms of the Master Reimbursement
Agreement.
"Improvement Area #5" or "IA #5" means the improvement area to be developed as depicted
in Appendix A-3, and as specifically described as the sum of all Parcels shown in Appendix H.
Also referred to as Ventana Phase #8.
MuniCap 1 7
"Improvement Area #5 Assessed Property" means all Parcels of Assessed Property within
Improvement Area #5, as shown in the Improvement Area #5 Assessment Roll against which an
Improvement Area #5 Assessment relating to the Improvement Area #5 Improvements is levied.
"Improvement Area #5 Assessment" means an Assessment levied against Improvement
Area #5 Assessed Property to pay for a portion of the Improvement Area #5 Improvements and
imposed pursuant to the Improvement Area #5 Assessment Ordinance and the provisions herein,
as shown on the Improvement Area #5 Assessment Roll, subject to reallocation or reduction
pursuant to the provisions set forth herein and in the PID Act.
"Improvement Area #5 Assessment Revenues" mean the actual revenues received by or on
behalf of the City from the collection of Improvement Area #5 Assessments levied against
Improvement Area #5 Assessed Property, or the Annual Installments thereof.
"Improvement Area #5 Assessment Roll" means the document attached to this Service and
Assessment Plan as Appendix H, as updated, modified or amended from time to time in
accordance with the procedures set forth herein and in the PID Act, including updates prepared in
connection with the issuance of Bonds or in connection with any Annual Service Plan Update.
"Improvement Area #5 Developer" means PMB Ventana Developer South LLC and PMB
SWFW Dev Co Manager LLC, its successors and assigns.
"Improvement Area #5 Improvements" means the Authorized Improvements which only
benefit the Improvement Area #5, which are described in Section III.C.
"Improvement Area #5 Reimbursement Agreement" means the reimbursement agreement
related to the Actual Costs of the Improvement Area #5 Improvements to be paid from
Improvement Area #5 Assessments secured by the Improvement Area #5 Assessed Property for
the Improvement Area #5 Improvements under the terms of the Master Reimbursement
Agreement.
"Improvement Area #6" or "IA #6" means the improvement area to be developed as depicted
in Appendix A-4, and as specifically described as the sum of all Parcels shown in Appendix I.
Also referred to as Ventana Phase #9 and Ventana Phase #10.
"Improvement Area #6 Assessed Property" means all Parcels of Assessed Property within
Improvement Area #6, as shown in the Improvement Area #6 Assessment Roll against which an
Improvement Area #6 Assessment relating to the Improvement Area #6 Improvements is levied.
"Improvement Area #6 Assessment" means an Assessment levied against Improvement
Area #6 Assessed Property to pay for a portion of the Improvement Area #6 Improvements and
imposed pursuant to the Improvement Area #6 Assessment Ordinance and the provisions herein,
as shown on the Improvement Area #6 Assessment Roll, subject to reallocation or reduction
pursuant to the provisions set forth herein and in the PID Act.
MuniCap 1 8
"Improvement Area #6 Assessment Revenues" mean the actual revenues received by or on
behalf of the City from the collection of Improvement Area #6 Assessments levied against
Improvement Area #6 Assessed Property, or the Annual Installments thereof.
"Improvement Area #6 Assessment Roll" means the document attached to this Service and
Assessment Plan as Appendix I, as updated, modified or amended from time to time in accordance
with the procedures set forth herein and in the PID Act, including updates prepared in connection
with the issuance of Bonds or in connection with any Annual Service Plan Update.
"Improvement Area #6 Developer" means PMB SWFW Dev Co, LLC and PMB SWFW Dev
Co Manager LLC, its successors and assigns.
"Improvement Area #6 Improvements" means the Authorized Improvements which only
benefit the Improvement Area #6, which are described in Section III.D.
"Improvement Area #6 Maximum TIRZ Credit Amount" means the TIRZ Annual Credit
Amount required to maintain the Target Net Tax Rate Equivalent.
"Improvement Area #6 Reimbursement Agreement" means the reimbursement agreement
related to the Actual Costs of the Improvement Area #6 Improvements to be paid from
Improvement Area #6 Assessments secured by the Improvement Area #6 Assessed Property for
the Improvement Area #6 Improvements under the terms of the Master Reimbursement
Agreement.
"Lot" means a tract of land described as a "lot" in a subdivision plat recorded in the official public
records of the applicable County.
"Lot Type" means a classification of final building lots with similar characteristics (e.g.,
commercial, light industrial, multifamily residential, single family residential, etc.), as determined
by the Administrator and confirmed by the City Council as shown in Appendix F. In the case of
single-family residential lots, the Lot Type shall be further defined by classifying the residential
lots by the estimated average home value for each home at the time of assessment levy,
considering factors such as density, lot size, proximity to amenities, view premiums, location, and
any other factors that may impact the average home value on the lot, as determined by the
Administrator and confirmed by the City Council.
"Master Reimbursement Agreement" means that certain Veale Ranch Development Master
Reimbursement Agreement dated as of December 7, 2023, by and among the City and the Original
Owners in which the applicable Developer agrees to fund Actual Costs of certain Authorized
Improvements and the City agrees to reimburse the Developer with interest permitted by the PID
Act solely from Assessment Revenues and/or the net proceeds of Bonds for a portion of such
Actual Costs of the Authorized Improvements funded by the Developer for Authorized
Improvements constructed and accepted by the City for the benefit of the Assessed Property.
"Non -Benefited Property" means Parcels that accrue no special benefit from the Authorized
Improvements, including Homeowners' Association Property, Public Property and easements that
MuniCap 1 9
create an exclusive use for a public utility provider to the extent they accrue no special benefit.
Property identified as Non -Benefited Property at the time the Assessments (i) are imposed or (ii)
are reallocated pursuant to a subdivision of a Parcel, is not assessed. Assessed Property converted
to Non -Benefited Property, if the Assessments may not be reallocated pursuant to the provisions
herein, remains subject to the Assessments and requires the Assessments to be prepaid as provided
for in Section VI.F of this Service and Assessment Plan.
"Original Owner(s)" means PB Ventana 1, LLC, a Texas limited liability company; PMB I20
Land LP, a Texas limited partnership; PMB Rolling V South Land, LP, a Texas limited
partnership; PMB RVS Dev Co LLC, a Texas limited liability company; PMB SWFW Dev Co
LLC, a Texas limited liability company; PMB Team Ranch Devco LLC, a Texas limited liability
company; PMB Veale Land Investors 1 LP, a Texas limited partnership; PMB Ventana Developer
LLC, a Texas limited liability company; PMB Ventana Developer South LLC, a Texas limited
liability company; PMB Ventana SFR LP, a Texas limited partnership; and TRT Land Investors,
LLC, a Delaware limited liability company and any affiliate or assignee thereof with respect to
the Development Agreement.
"Parcel" or "Parcels" means a parcel or parcels within the PID identified by either a tax map
identification number assigned by the appraisal district for the applicable County, for real property
tax purposes or by lot and block number in a final subdivision plat recorded in the real property
records of the County.
"PID" has the meaning set forth in Section LA of this Service and Assessment Plan.
"PID Act" means Texas Local Government Code Chapter 372, Public Improvement District
Assessment Act, Subchapter A, Public Improvement Districts, as amended.
"PID Assessment Notice" means the homebuyer disclosure required under section 372.013 of
the PID Act and is further described in Section IV.C and attached as Appendix E to this Service
and Assessment Plan.
"Prepayment Costs" mean interest and expenses to the date of prepayment, plus any additional
expenses related to the prepayment, reasonably expected to be incurred by or imposed upon the
City as a result of any prepayment of an Assessment.
"Public Property" means property within the boundaries of the PID that is owned by or
irrevocably offered for dedication to the federal government, the State of Texas, the County, the
City, a school district or any other public agency, whether in fee simple or through an exclusive
use easement.
"Service and Assessment Plan" means this Service and Assessment Plan prepared for the PID
pursuant to the PID Act, as the same may be amended or updated from time to time.
"Target Net Tax Rate Equivalent" means $0.46 per $100 of taxable value.
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"TIRZ No. 16" means the Tax Increment Reinvestment Zone No. 16, City of Fort Worth, Texas
(Veale Ranch TIF).
"TIRZ Annual Credit Amount" means, for each Parcel of Assessed Property, the amount of
TIRZ Revenues calculated, if applicable, pursuant to Section VI of this Service and Assessment
Plan.
"TIRZ Ordinance" means an ordinance adopted by the City Council authorizing the use of TIRZ
Revenues for project costs under the Tax Increment Financing Act, Texas Tax Code, Chapter 311,
as amended, relating to the Authorized Improvements as provided for in the TIRZ Project Plan and
Financing Plan (including amendments or supplements thereto).
"TIRZ Project Plan and Financing Plan" means the governing document of the TIRZ No. 16.
"TIRZ Revenues" mean the portion of the City's and County's ad valorem tax revenue pledged
to be paid into the TIRZ Fund pursuant to the TIRZ Ordinance and the TIRZ Project Plan and
Financing Plan.
"Trustee" means the fiscal agent or trustee as specified in a Trust Indenture, including a substitute
fiscal agent or trustee.
"Trust Indenture" means an indenture of trust, ordinance or similar document setting forth the
terms and other provisions relating to the Bonds, as modified, amended, and/or supplemented from
time to time.
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MuniCap I11
IL PROPERTYINCLUDED IN THE PID
A. PROPERTY INCLUDED IN THE PID
The PID is presently located within the corporate limits of the City and the City's extraterritorial
jurisdiction. The PID contains approximately 5,200 acres of land. A map of the property within
the PID is shown on Appendix A-1 to this Service and Assessment Plan.
At completion, the PID is expected to consist of single-family residential units, multi -family
residential units and commercial and industrial structures, landscaping, and infrastructure
necessary to provide roadways, drainage, and utilities to the PID.
The property within the PID is proposed to be developed as shown in Table II -A.
Table II -A
Proposed Development — PID
Proposed Development Quantity Measurement
Residential Units
Single-family 6,000 Units
Multi -family 11,000,000 GSF
Commercial
Retail Pad 600,000 GSF
Retail (Big Box) 900,000 GSF
Office 5,000,000 GSF
Industrial 12,000,000 GSF
Improvement Areas #1, #2 and #3 consists of approximately 464 acres and consists of 273 single
family residential units, 188 multi -family residential units, and 1,592,554 square feet of
commercial. No Assessments are anticipated to be levied on these Improvement Areas.
Table II -B
Actual Development — Improvement Area #1, #2 and #3
Proposed Development Quantity Measurement
Residential Units
Single-family 273 Units
Multi -family 206,048 GSF
Commercial
Industrial 1,592,554 GSF
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B. PROPERTY INCLUDED IN IMPROVEMENT AREA #4
Improvement Area #4 consists of approximately 421.082 acres and is projected to consist of 136
single family residential units, to be developed as Improvement Area #4, as further described in
Section III. A map of the property within Improvement Area #4 is shown in Appendix A-2.
The property within Improvement Area #4 is proposed to be developed as shown in Table II -C.
Table II -C
Proposed Development — Improvement Area #4
Proposed Development Total Measurement
Single Family - Estate Lots 100 Units
Single Family - Cottage Lots 36 Units
Total
C. PROPERTY INCLUDED IN IMPROVEMENT AREA #5
136 Units
Improvement Area #5 consists of approximately 72.059 acres and is projected to consist of 277
single family residential units, to be developed as Improvement Area #5, as further described in
Section III. A map of the property within Improvement Area #5 is shown in Appendix A-3.
The property within Improvement Area #5 is proposed to be developed as shown in Table II -D.
Table II -D
Proposed Development — Improvement Area #5
Proposed Development
Total
Measurement
Single Family - 70 Ft
39
Units
Single Family - 60 Ft
38
Units
Single Family - 50 Ft
163
Units
Single Family - 40 Ft
37
Units
Total
277
Units
D. PROPERTY INCLUDED IN IMPROVEMENT AREA #6
Improvement Area #6 consists of approximately 144.658 acres and is projected to consist of 589
single family residential units, to be developed as Improvement Area #6, as further described in
Section III. A map of the property within Improvement Area #6 is shown in Appendix A-4.
The property within Improvement Area #6 is proposed to be developed as shown in Table II -E.
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Table II -E
Proposed Development — Improvement Area #6
Proposed Development
Total
Measurement
Single Family - 70 Ft
64
Units
Single Family - 60 Ft
166
Units
Single Family - 50 Ft
115
Units
Single Family - 40 Ft
188
Units
Single Family —4 Packs
56
Units
Total
589
Units
E. PROPERTY INCLUDED IN FUTURE IMPROVEMENT AREAS
The Future Improvement Areas consist of a total of approximately 4,098 acres and are projected
to consist of 4,464 single family residential units, 10,793,952 gross square feet of multi -family,
and 16,907,446 gross square feet of commercial. A map of the property within the Future
Improvement Areas is shown in Appendix A-1 and Appendix A-5.
The property within the Future Improvement Areas is proposed to be developed as shown in Table
II -F.
Table II -F
Proposed Development — Future Improvement Areas
Proposed Development Quantity Measurement
Residential Units
Single-family 4,464 Units
Multi -family 10,793,952 GSF
Commercial
Retail Pad
600,000
GSF
Retail (Big Box)
900,000
GSF
Office
5,000,000
GSF
Industrial
10,407,446
GSF
As Future Improvement Areas are developed, Future Improvement Area Bonds may be issued
and/or related reimbursements may be required pursuant to the Master Reimbursement Agreement
and each respective Future Improvement Area Reimbursement Agreement for each new
Improvement Area. In connection with the issuance of each new Future Improvement Area Bond
and/or execution of each Future Improvement Area Reimbursement Agreement, this Service and
Assessment Plan will be updated to add additional details of each new Improvement Area similar
to that Improvement Area #4, Improvement Area #5, and Improvement Area #6 in Section II.B,
Section II.C, and Section II.D. A map of the projected property within the Future Improvement
Areas is shown in Appendix A-1 and Appendix A-5. The Future Improvement Areas are shown
for illustrative purposes only and are subject to adjustment. The current Parcels of Assessed
MuniCap 114
Property in the PID are shown on the Assessment Rolls included as Appendix G, Appendix H,
and Appendix I.
The estimated number of units at the build -out of the PID is based on the land use approvals for
the property in the PID, the anticipated subdivision of property in the PID, and the Developer's
estimates of the highest and best use of the property within the PID and are subject to adjustment
by the Developers.
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MuniCap 115
III. DESCRIPTION OF THE AUTHORIZED IMPROVEMENTS
A. AUTHORIZED IMPROVEMENT OVERVIEW
Pursuant to Chapter 372.003 of the PID Act,
Authorized Improvements:
(a) If the governing body of a municipality or county finds that it promotes the interests of the
municipality or county, the governing body may undertake an improvement project that confers a
special benefit on a definable part of the municipality or county or the municipality's
extraterritorial jurisdiction. A project may be undertaken in the municipality or county or the
municipality's extraterritorial jurisdiction.
(b) A public improvement may include:
(i) landscaping;
(ii) erection of fountains, distinctive lighting, and signs;
(iii) acquiring, constructing, improving, widening, narrowing, closing, or rerouting of
sidewalks or of streets, any other roadways, or their rights -of way;
(iv) construction or improvement of pedestrian malls;
(v) acquisition and installation of pieces of art;
(vi) acquisition, construction, or improvement of libraries;
(vii) acquisition, construction, or improvement of off-street parking facilities;
(viii) acquisition, construction, improvement, or rerouting of mass transportation facilities;
(ix) acquisition, construction, or improvement of water, wastewater, or drainage facilities
or improvements;
(x) the establishment or improvement of parks;
(xi) projects similar to those listed in Subdivisions (i)-(x);
(xii) acquisition, by purchase or otherwise, of real property in connection with an
authorized improvement;
(xiii) special supplemental services for improvement and promotion of the district,
including services relating to advertising, promotion, health and sanitation, water and
wastewater, public safety, security, business recruitment, development, recreation, and
cultural enhancement;
(xiv) payment of expenses incurred in the establishment, administration and operation of
the district; and
(xv) the development, rehabilitation, or expansion of affordable housing.
After analyzing the public improvement projects authorized by the PID Act, the City has
determined at this time to undertake only Authorized Improvements listed in Section III.B, Section
III.C, and Section III.D, and shown in the opinion of probable costs and on the diagrams included
as Appendix B for the benefit of the Assessed Property. Any change to the list of Authorized
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Improvements will require the approval of the City and an update to this Service and Assessment
Plan. Tables included in this Section may be rounded to the nearest whole dollar.
B. DESCRIPTIONS AND BUDGETED COSTS OF IMPROVEMENT AREA #4 IMPROVEMENTS
The descriptions of the Improvement Area #4 Improvements are presented below as provided by
the project engineer. The Budgeted Costs of the Improvement Area #4 Improvements are shown
in Table III -B. The costs shown in Table III -B are estimates and may be revised in Annual Service
Plan Updates, including such other improvements as deemed necessary to further improve the
properties within the PID.
A description of the Improvement Area #4 Improvements are as follows.
Roadway Improvements
The road improvement portion of the Improvement Area #4 Improvements consists of the
acquisition, construction, improvement, widening, narrowing, closing and re-routing of streets,
roadways, bridges and arterials and include, subgrade stabilization (including lime treatment and
compaction), concrete, asphalt or other applicable material, curbs, gutters, sidewalks, barrier free
ramps, signage, traffic control devices and wayfinding, landscaping and irrigation, re -vegetation
of disturbed areas within and for the right of way, retaining walls within and for the right of way,
all related earthwork and excavation, and the fair market value of any right-of-way dedication to
the City which benefit the Improvement Area #4 Assessed Property. Roadway improvements also
include, if necessary, any TxDOT (the "TxDOT") turn lanes or TxDOT signalization at US 377 &
Bear Creek Parkway or other locations and the necessary infrastructure, requirements, permitting,
and other necessary work related to TxDOT. All roadway projects will be designed and constructed
in accordance with City and/or other applicable governmental jurisdiction standards and
specifications, including the Fort Worth Master Throughfare Plan (the "Master Throughfare
Fare"), and will be owned and operated by the City and/or other applicable governmental
jurisdictions.
Water Improvements
The water improvements portion of the Improvement Area #4 Improvements consists of
acquisition, construction, improvement and installation of water and reclaimed water supply lines
and related facilities and equipment, which includes waterlines (excluding waterlines 8" or less
and serving residential area), valves, vaults, fire hydrants, trench safety, testing, related earthwork
and excavation, appurtenances, and the fair market value of any easements granted to the City
necessary for the portion of the water distribution system that will service the Improvement Area
#4 Assessed Property, including improvements that are off -site. The water improvements will be
designed and constructed in accordance with City standards and specifications and will be owned
and operated by the City.
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MuniCap 117
Sanitary Sewer Improvements
The sanitary sewer improvement portion of the Improvement Area #4 Improvements consists of
acquisition, construction, improvement and installation of various sized sanitary sewer pipes
(excluding lines 8" or less and serving residential area), service lines, force main(s), lift station(s),
and related facilities and equipment which include, manholes, encasements, pumps, trench safety,
testing, related earthwork and excavation, appurtenances, and the fair market value of any
easements granted to the City necessary to provide sanitary sewer service to Improvement Area #4
Assessed Property, including improvements that are offsite. The sanitary sewer improvements will
be designed and constructed in accordance with City standards and specifications and will be
owned and operated by the City.
Storm Drainage Improvements
The storm drainage improvement portion of the Improvement Area #4 Improvements consists of
the acquisition, construction, improvement and installation of stormwater drainage and detention
improvements and related facilities and equipment which include, storm pipes (all applicable
material), storm boxes, multi -reinforced box culverts, junction boxes, inlets, headwalls, trench
safety, testing, related earthwork and excavation and erosion control, appurtenances, and the fair
market value of any easements granted to the City necessary to provide adequate drainage to the
Improvement Area #4 Assessed Property, including improvements that are offsite. Storm drainage
improvements further include, if necessary, any drainage infrastructure within TxDOT turn lanes
at US 377 & Bear Creek Parkway or other locations and the necessary infrastructure, requirements,
permitting, and other necessary work related to TxDOT. The storm drainage collection system
improvements will be designed and constructed in accordance with City standards and
specifications and will be owned and operated by the City.
Public Landscaping and Trails
The public landscaping and trail improvements of the Improvement Area #4 Improvements
consist of the planting and construction of supplemental landscaping such as parks, ponds, lakes,
open spaces, entry features and areas, which include, sitting stations, benches, shaded structure(s),
hardscape such as walls, statues and monuments, landscaping, plantings, and irrigation, fountains,
playgrounds, athletic facilities, pavilions, lighting and paved parking spaces, which benefit the
Improvement Area #4 Assessed Property. The landscaping improvements will be designed
according to City standards and will be available for public use.
Other Soft and Miscellaneous Costs
The soft and miscellaneous costs portion of the Improvement Area #4 Improvements consists of
all costs related to designing, construction, installing, and financing the Authorized Improvements
including engineering and surveying, land planning and design, project and construction
management fees, City fees (including inspection fees, IPRC engineering plan review fees,
administrative material testing costs, water lab testing fees, permit fees, development fees, capacity
fees and per acre charges), material testing, appraisal, legal and issuance costs, contingency, and
other related soft and miscellaneous costs.
MuniCap 118
Table 111-A
Budgeted Costs — Improvement Area #4
Original
Improvement
Total Improvement
Area #4
Budget
Area #4
Authorized Improvements
Improvements
Revisions
Improvements)
Roadway improvements
$3,212,402
$0
$3,212,402
Water improvements
$4,792,594
$0
$4,792,594
Sanitary sewer improvements
$1,502,756
$0
$1,502,756
Storm drainage improvements
$289,181
$0
$289,181
Public landscaping and trails
$675,000
$0
$675,000
Other soft and miscellaneous costs
$2,927,205
$550,000
$3,477,205
Total Authorized Improvements
$13,399,138
$550,000
$13,949,138
'Provided by the Improvement Area #4 Developer. The figures shown in Table III -A may be revised in Annual Service Plan Updates
and may be reallocated between line items so long as the total Improvement Area #4 Assessment related to the Improvement Area
#4 Improvements does not increase.
C. DESCRIPTIONS AND BUDGETED COSTS OF IMPROVEMENT AREA #5 IMPROVEMENTS
The descriptions of the Improvement Area #5 Improvements are presented below as provided by
the project engineer. The Budgeted Costs of the Improvement Area #5 Improvements are shown
in Table III -B. The costs shown in Table III -B are estimates and may be revised in Annual Service
Plan Updates, including such other improvements as deemed necessary to further improve the
properties within the PID.
A description of the Improvement Area #5 Improvements are as follows.
Roadway Improvements
The road improvement portion of the Improvement Area #5 Improvements consists of the
acquisition, construction, improvement, widening, narrowing, closing and re-routing of streets,
roadways, bridges and arterials and include, subgrade stabilization (including lime treatment and
compaction), concrete, asphalt or other applicable material, curbs, gutters, sidewalks, barrier free
ramps, signage, traffic control devices and wayfinding, landscaping and irrigation, re -vegetation
of disturbed areas within and for the right of way, retaining walls within and for the right of way,
all related earthwork and excavation, and the fair market value of any right-of-way dedication to
the City which benefit the Improvement Area #5 Assessed Property. All roadway projects will be
designed and constructed in accordance with City standards and specifications, including the
Master Throughfare Plan, and will be owned and operated by the City.
Water Improvements
The water improvements portion of the Improvement Area #5 Improvements consists of
acquisition, construction, improvement and installation of water and reclaimed water supply lines,
and related facilities and equipment, includes waterlines (excluding water lines under 8" and
MuniCap 119
serving residential area), valves, vaults, fire hydrants, trench safety, testing, related earthwork and
excavation, appurtenances, and the fair market value of any easements granted to the City
necessary for the portion of the water distribution system that will service the Improvement Area
#5 Assessed Property, including improvements that are offsite. The water improvements will be
designed and constructed in accordance with City standards and specifications and will be owned
and operated by the City.
Sanitary Sewer Improvements
The sanitary sewer improvement portion of the Improvement Area #5 Improvements consists of
acquisition, construction, improvement and installation of various sized sanitary sewer pipes
(excluding lines 8" or less and serving residential area), service lines, force main(s), lift station(s),
and related facilities and equipment which include, manholes, encasements, pumps, trench safety,
testing, related earthwork and excavation, appurtenances, and the fair market value of any
easements granted to the City necessary to provide sanitary sewer service to Improvement Area #5
Assessed Property, including improvements that are offsite. The sanitary sewer improvements will
be designed and constructed in accordance with City standards and specifications and will be
owned and operated by the City.
Storm Drainage Improvements
The storm drainage improvement portion of the Improvement Area #5 Improvements consists of
the acquisition, construction, improvement and installation of stormwater drainage and detention
improvements and related facilities and equipment which include, storm pipes (all applicable
material), storm boxes, multi -reinforced box culverts, junction boxes, inlets, headwalls, trench
safety, testing, related earthwork and excavation and erosion control, appurtenances, and the fair
market value of any easements granted to the City necessary to provide adequate drainage to the
Improvement Area #5 Assessed Property, including improvements that are offsite. The storm
drainage collection system improvements will be designed and constructed in accordance with
City standards and specifications and will be owned and operated by the City.
Public Landscaping and Trails
The public landscaping and trail improvements of the Improvement Area #5 Improvements
consist of the planting and construction of supplemental landscaping such as parks, ponds, lakes,
open spaces, entry features and areas, which include, sitting stations, benches, shaded structure(s),
hardscape such as walls, statues and monuments, landscaping, plantings, and irrigation, fountains,
playgrounds, athletic facilities, pavilions, lighting and paved parking spaces, which benefit the
Improvement Area #5 Assessed Property. The landscaping improvements will be designed
according to City standards and will be available for public use.
Other Soft and Miscellaneous Costs
The soft and miscellaneous costs portion of the Improvement Area #5 Improvements consists of
all costs related to designing, construction, installing, and financing the Authorized Improvements
including engineering and surveying, land planning and design, project and construction
management fees, City fees (including inspection fees, IPRC engineering plan review fees,
MuniCap 1 20
administrative material testing costs, water lab testing fees, permit fees, development fees, capacity
fees and per acre charges), material testing, appraisal, legal and issuance costs, contingency, and
other related soft and miscellaneous costs.
Table III -B
Budgeted Costs — Improvement Area #5
Original
Improvement
Total Improvement
Area #5 Budget
Area #5
Authorized Improvements
Improvements Revisions
Improvements'
Roadway improvements
$1,219,985 $0
$1,219,985
Water improvements
$468,315 $0
$468,315
Sanitary sewer improvements
$1,002,254 $0
$1,002,254
Storm drainage improvements2
$1,519,981 $0
$1,519,981
Public landscaping and trails
$147,696 $0
$147,696
Other soft and miscellaneous costs3
$1,071,497 $3 17,780
$1,389,277
Total Authorized Improvements
$5,429,728 $317,780
$5,747,508
'Provided by the Improvement Area #5 Developer.
The figures shown in Table III -B may be revised in
Annual Service Plan Updates
and may be reallocated between line items so long as the total Improvement Area #5 Assessment related to the Improvement Area
#5 Improvements does not increase.
2Include $210,965 in drainage costs excluding the residential drainage improvement costs and $1,309,286 in drainage costs related
to the residential area.
3Include $884,963 in other soft and miscellaneous costs excluding the improvement costs related to the residential drainage and
$186,534 other soft and miscellaneous costs related to the residential drainage improvement costs.
D. DESCRIPTIONS AND BUDGETED COSTS OF IMPROVEMENT AREA #6 IMPROVEMENTS
The descriptions of the Improvement Area #6 Improvements are presented below as provided by
the project engineer. The Budgeted Costs of the Improvement Area #6 Improvements are shown
in Table III -C. The costs shown in Table III -C are estimates and may be revised in Annual Service
Plan Updates, including such other improvements as deemed necessary to further improve the
properties within the PID.
A description of the Improvement Area #6 Improvements are as follows.
Roadway Improvements
The road improvement portion of the Improvement Area #6 Improvements consists of the
acquisition, construction, improvement, widening, narrowing, closing and re-routing of streets,
roadways, bridges and arterials and include, subgrade stabilization (including lime treatment and
compaction), concrete, asphalt or other applicable material, curbs, gutters, sidewalks, barrier free
ramps, signage, traffic control devices and wayfinding, landscaping and irrigation, re -vegetation
of disturbed areas within and for the right of way, retaining walls within and for the right of way,
all related earthwork and excavation, and the fair market value of any right-of-way dedication to
the City which benefit the Improvement Area #6 Assessed Property. All roadway projects will be
designed and constructed in accordance with City standards and specifications, including the Fort
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Worth Master Throughfare Plan (the "Master Throughfare Plan"), and will be owned and operated
by the City. Local residential streets, as defined by the Master Throughfare Plan, will not be an
Authorized Improvement.
Water Improvements
The water improvements portion of the Improvement Area #6 Improvements consists of
acquisition, construction, improvement and installation of water and reclaimed water supply lines,
and related facilities and equipment, includes waterlines (excluding water lines under 8" and
serving residential area), valves, vaults, fire hydrants, trench safety, testing, related earthwork and
excavation, appurtenances, and the fair market value of any easements granted to the City
necessary for the portion of the water distribution system that will service the Improvement Area
#6 Assessed Property, including improvements that are offsite. The water improvements will be
designed and constructed in accordance with City standards and specifications and will be owned
and operated by the City.
Sanitary Sewer Improvements
The sanitary sewer improvement portion of the Improvement Area #6 Improvements consists of
acquisition, construction, improvement and installation of various sized sanitary sewer pipes
(excluding lines 8" or less and serving residential area), service lines, force main(s), lift station(s),
and related facilities and equipment which include, manholes, encasements, pumps, trench safety,
testing, related earthwork and excavation, appurtenances, and the fair market value of any
easements granted to the City necessary to provide sanitary sewer service to Improvement Area #6
Assessed Property, including improvements that are offsite. The sanitary sewer improvements will
be designed and constructed in accordance with City standards and specifications and will be
owned and operated by the City.
Storm Drainage Improvements
The storm drainage improvement portion of the Improvement Area #6 Improvements consists of
the acquisition, construction, improvement and installation of stormwater drainage and detention
improvements and related facilities and equipment which include, storm pipes (all applicable
material), storm boxes, multi -reinforced box culverts, junction boxes, inlets, headwalls, trench
safety, testing, related earthwork and excavation and erosion control, appurtenances, and the fair
market value of any easements granted to the City necessary to provide adequate drainage to the
Improvement Area #6 Assessed Property, including improvements that are offsite. The storm
drainage collection system improvements will be designed and constructed in accordance with
City standards and specifications and will be owned and operated by the City.
Public Landscanina and Trails
The public landscaping and trail improvements of the Improvement Area #6 Improvements
consist of the planting and construction of supplemental landscaping such as parks, ponds, lakes,
open spaces, entry features and areas, which include, walking trails, sitting stations, benches,
shaded structure(s), hardscape such as walls, statues and monuments, landscaping, plantings, and
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irrigation, fountains, playgrounds, athletic facilities, pavilions, lighting and paved parking spaces,
and the fair market value of any easements granted to the City necessary for Public Landscaping
and Trails, which benefit the Improvement Area #6 Assessed Property. The landscaping
improvements will be designed according to City standards and will be available for public use.
Other Soft and Miscellaneous Costs
The soft and miscellaneous costs portion of the Improvement Area #6 Improvements consists of
all costs related to designing, construction, installing, and financing the Authorized Improvements
including engineering and surveying, land planning and design, project and construction
management fees, City fees (including inspection fees, IPRC engineering plan review fees, urban
forestry permit fees, administrative material testing costs, water lab testing fees, permit fees,
development fees, community facilities agreement fees, capacity fees and per acre charges and any
engineering related to City fees), material testing, appraisal, legal and issuance costs, contingency,
and other related soft and miscellaneous costs.
Table III -C
Budgeted Costs — Improvement Area #6
Total Improvement
Area #6
Authorized Improvements Improvements'
Roadway improvements $3,170,252
Water improvements $5,013,572
Sanitary sewer improvements $1,120,987
Storm drainage improvements $4,435,120
Public landscaping and trails $1,358,713
Other soft and miscellaneous costs
Engineering
$2,300,566
Easement and Right-of-way Dedication $6,561,302
Other soft and miscellaneous costs $4,555,852
Subtotal Other soft and miscellaneous costs $13,417, 720
Total Authorized Improvements $28,516,364
'Provided by the Improvement Area #6 Developer. The figures shown in Table III -C may
be revised in Annual Service Plan Updates and may be reallocated between line items so
long as the total Improvement Area #6 Assessment related to the Improvement Area #6
Improvements does not increase.
E. FUTURE IMPROVEMENT AREAS
As Future Improvement Areas are developed and Future Improvement Area Bonds are issued and/
or related reimbursements are required pursuant to the Master Reimbursement Agreement, each
respective Future Improvement Area Reimbursement Agreement and this Service and Assessment
Plan will be amended to identify the specific Future Improvement Area Improvements that confer
a special benefit to the property inside each Future Improvement Area (e.g., a Table III -D, Table
III -E, etc. will be added in a future updates to this Service and Assessment Plan to show the costs
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for the specific Authorized Improvements financed within the specific Future Improvement Area
being developed).
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IV. SERVICE PLAN
A. PROJECTED SOURCES AND USES OF FUNDS
The PID Act requires the service plan to cover a period of at least five years. The service plan is
required to define the annual projected costs and indebtedness for the Authorized Improvements
undertaken within the PID during the five-year period. The Improvement Area #4 Improvements
were completed and accepted by the City in the third quarter of 2026.
The Improvement Area #5 Improvements were completed and accepted by the City in the third
quarter of 2026.
The Improvement Area #6 Improvements will be completed and accepted by the City in the fourth
quarter of 2026.
The costs for Improvement Area #4 Improvements and the expenses allocable to Improvement
Area #4 incurred in the establishment, administration, and operation of the PID are $16,281,345,
as shown in Table IV -C. The service plan shall be reviewed and updated at least annually for the
purpose of determining the annual budget for Administrative Expenses, updating the estimated
Authorized Improvement costs, and updating the Improvement Area #4 Assessment Roll. Any
update to this Service and Assessment Plan is herein referred to as an "Annual Service Plan
Update."
The costs for Improvement Area #5 Improvements and the expenses allocable to Improvement
Area #5 incurred in the establishment, administration, and operation of the PID are $6,773,487 as
shown in Table IV -C. The service plan shall be reviewed and updated at least annually for the
purpose of determining the annual budget for Administrative Expenses, updating the estimated
Authorized Improvement costs, and updating the Improvement Area #5 Assessment Roll. Any
update to this Service and Assessment Plan is herein referred to as an "Annual Service Plan
Update."
The costs for Improvement Area #6 Improvements and the expenses allocable to Improvement
Area #6 incurred in the establishment, administration, and operation of the PID are $34,086,186
as shown in Table IV -D. The service plan shall be reviewed and updated at least annually for the
purpose of determining the annual budget for Administrative Expenses, updating the estimated
Authorized Improvement costs, and updating the Improvement Area #6 Assessment Roll. Any
update to this Service and Assessment Plan is herein referred to as an "Annual Service Plan
Update."
As Future Improvement Areas are developed and Future Improvement Area Bonds are issued
and/or additional reimbursements are required pursuant to the Master Reimbursement Agreement
and each Future Improvement Area Reimbursement Agreement with respect thereto, this Service
and Assessment Plan will be updated (e.g., Table IV -H, Table IV -I, etc. will be updated in a future
update to this Service and Assessment Plan to include Improvement Area #7, etc.).
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Improvement Area #4
The obligation under the Improvement Area #4 Reimbursement Agreement was created in 2026,
as shown in Table IV -A. Amounts in the tables included in this section may be rounded to the
nearest whole dollar.
Table IV -A
Projected Sources and Uses — Improvement Area #4 Projects
Sources of Funds
Total
Assessment Amount $16,630,000
Total Sources $16,630,000
Uses of Funds
Improvement Area #4 Improvements':
Roadway improvements $3,212,402
Water improvements $4,792,594
Sanitary sewer improvements $1,502,756
Storm drainage improvements $289,181
Public landscaping and trails $675,000
Other soft and miscellaneous costs $2,927,205
Subtotal Improvement Area #4 Project Costs $13,399,137
Bond Issuance Costs:
Cost of Issuance
$998,500
Reserve Fund
$1,222,712
Administrative expenses
$95,000
Capitalized Interest
$415,750
Underwriter's Discount
$498,900
Subtotal Bond Issuance Costs
$3,230,862
Total Uses
$16,630,000
'See Table III -B for details
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Improvement Area #5
The obligation under the Improvement Area #5 Reimbursement Agreement was created in 2026,
as shown in Table IV -B.
Table IV -B
Projected Sources and Uses — Improvement Area #5 Projects
Sources of Funds Total
Par Amount $6,809,000
Total Sources $6,809,000
Uses of Funds
Improvement Area #5 Improvements':
Roadway improvements
Water improvements
$1,219,985
$468,315
Sanitary sewer improvements $1,002,254
Storm drainage improvements $1,519,981
Public landscaping and trails $147,696
Other soft and miscellaneous costs $1,071,497
Subtotal Improvement Area #5 Improvement Costs $5,429,728
Bond Issuance Costs:
Cost of Issuance
$409,149
Reserve Fund
$500,628
Administrative expenses
$95,000
Capitalized Interest
$170,225
Underwriter's Discount
$204,270
Subtotal Bond Issuance Costs
$1,379,272
Total Uses
$6,809,000
'See Table III -B for details
Improvement Area #4 and #5 Bonds were issued in 2026 to remove the obligation under the
Improvement Area #4 Reimbursement Agreement and Improvement Area #5 Reimbursement
Agreement. Table IV -C shows the combined costs for the Improvement Area #4 and #5 Bonds.
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Table IV -C
Projected Sources and Uses — Improvement Area #4 and #5 Bonds
Sources of Funds
Par Amount
Premium
Other Funding Source
Total Sources
Improvement Area
#4 Portion of the
Improvement Area
#4 and #5 Bonds
$16,255,000
$26,345
$0
$16,281,345
Improvement Area
#4 Portion of the
Improvement Area
#4 and #5 Bonds
Total
$6,763,000
$23,018,000
$10,487
$36,832
$0
$0
$6,773,487
$23,054,832
Uses of Funds
Improvement Area #4 Improvements':
Roadway improvements
$3,212,402
$0
$3,212,402
Water improvements
$4,792,594
$0
$4,792,594
Sanitary sewer improvements
$1,502,756
$0
$1,502,756
Storm drainage improvements
$289,181
$0
$289,181
Public landscaping and trails
$675,000
$0
$675,000
Other soft and miscellaneous costs
$3,477,205
$0
$3,477,205
Subtotal Improvement Area #4 Improvement Costs
$13,949,138
$0
$13,949,138
Improvement Area #5 Improvements2:
Roadway improvements
$0
$1,219,985
$1,219,985
Water improvements
$0
$468,315
$468,315
Sanitary sewer improvements
$0
$1,002,254
$1,002,254
Storm drainage improvements
$0
$1,519,981
$1,519,981
Public landscaping and trails
$0
$147,696
$147,696
Other soft and miscellaneous costs
$0
$1,389,277
$1,389,277
Subtotal Improvement Area #5 Improvement Costs
$0
$5, 747,508
$5, 747,508
Bond Issuance Costs:
Cost of Issuance
$583,114
$242,783
$825,897
Reserve Fund
$1,166,443
$485,306
$1,651,749
Administrative expenses
$95,000
$95,000
$190,000
Underwriter's Discount
$487,650
$202,890
$690,540
Subtotal Bond Issuance Costs
$2,332,207
$1, 025,979
$3,358,186
Total Uses
$16,281,345
$6,773,487
$23,054,832
'See Table III -A for details.
'See Table III -B for details.
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Improvement Area #6
The obligation under the Improvement Area #6 Reimbursement Agreement will be created in
2026, as shown in Table IV -D.
Table IV -D
Projected Sources and Uses — Improvement Area #6 Projects
Sources of Funds
Total
Assessment Amount
$30,380,000
Other Funding Sources
$3,706,186
Total Sources
$34,086,186
Uses of Funds
Improvement Area #6 Improvements':
Roadway improvements
$3,170,252
Water improvements
$5,013,572
Sanitary sewer improvements
$1,120,987
Storm drainage improvements
$4,435,120
Public landscaping and trails
$1,358,713
Other soft and miscellaneous costs
Engineering $2,300,566
Easement and Right-of-way Dedication $6,561,302
Other soft and miscellaneous costs $4,555,852
Subtotal Other soft and miscellaneous costs $13,417, 720
Subtotal Improvement Area #6 Improvement Costs $28,516,364
Estimated Bond Issuance Costs2:
Cost of Issuance
Reserve Fund
Administrative expenses
Underwriter's Discount
$1,823,083
$2,724,339
$111,000
$911,400
Estimated Subtotal Bond Issuance Costs $5,569,822
Total Uses $34,086,186
'See Table 111-C for details.
2Bond issuance costs are estimated and included as bonds are anticipated in first quarter of 2027.
It is anticipated that Improvement Area #6 Bonds will be issued in first quarter of 2027 to remove
the obligation created under the Improvement Area #6 Reimbursement Agreement.
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B. PROJECTED FIVE-YEAR SERVICE PLAN
Improvement Area #4
The annual projected costs and annual projected indebtedness for Improvement Area #4 is shown
in Table IV -E. The annual projected costs and indebtedness is subject to revision and each shall
be updated in the Annual Service Plan Update to reflect any changes in the costs or indebtedness
expected for each year.
Table IV -E
Annual Projected Costs and Annual Projected Indebtedness — Improvement Area #4
Annual
Annual
Other
Projected
Projected
Projected
Funding
Annual
Year Cost
Indebtedness
Sources
Installments'
2026
$16,255,000
$16,255,000
$0
$0
2027
$0
$0
$0
$1,331,811
2028
$0
$0
$0
$1,331,795
2029
$0
$0
$0
$1,331,556
2030
$0
$0
$0
$1,331,777
2031
$0
$0
$0
$1,331,409
2032
$0
$0
$0
$1,331,450
2033
$0
$0
$0
$1,330,850
Total
$16,255,000
$16,255,000
$0
$9,320,648
'Administrative Expenses in year 2026 were funded with Bond proceeds.
The annual projected costs shown in Table IV -E are the annual expenditures relating to the
Improvement Area #4 Improvements shown in Table III -A and the costs associated with setting
up the PID, including the issuance costs and reserves as shown in Table IV -C. The difference
between the total projected costs and the total projected indebtedness, if any, is the amount
contributed by the Improvement Area #4 Developer.
Improvement Area #5
The annual projected costs and annual projected indebtedness for Improvement Area #5 is shown
in Table IV -F. The annual projected costs and indebtedness is subject to revision and each shall
be updated in the Annual Service Plan Update to reflect any changes in the costs or indebtedness
expected for each year.
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Table IV -F
Annual Projected Costs and Annual Projected Indebtedness — Improvement Area #5
Annual
Other
Projected
Annual
Projected
Funding
Annual
Year
Projected Cost
Indebtedness
Sources
Installments)
2026
$6,763,000
$6,763,000
$0
$0
2027
$0
$0
$0
$622,150
2028
$0
$0
$0
$621,878
2029
$0
$0
$0
$621,621
2030
$0
$0
$0
$622,192
2031
$0
$0
$0
$621,541
2032
$0
$0
$0
$621,720
2033
$0
$0
$0
$621,678
Total
$6,763,000
$6,763,000
$0
$4,352,780
'Administrative Expenses in year 2026 were funded with Bond proceeds.
The annual projected costs shown in Table IV -F are the annual expenditures relating to the
Improvement Area #5 Improvements shown in Table III -B and the costs associated with setting
up the PID, including the issuance costs and reserves as shown in Table IV -C. The difference
between the total projected costs and the total projected indebtedness, if any, is the amount
contributed by the Improvement Area #5 Developer.
Improvement Area #6
The annual projected costs and annual projected indebtedness for Improvement Area #6 is shown
in Table IV -G. The annual projected costs and indebtedness is subject to revision and each shall
be updated in the Annual Service Plan Update to reflect any changes in the costs or indebtedness
expected for each year.
Table IV -G
Annual Projected Costs and Annual Projected Indebtedness — Improvement Area #6
Annual
Other
Projected
Annual
Projected
Funding
Annual
Year
Projected Cost
Indebtedness
Sources
Installments
2026
$34,086,186
$30,380,000
$3,706,186
$0
2027
$0
$0
$0
$0
2028
$0
$0
$0
$2,835,339
2029
$0
$0
$0
$2,836,867
2030
$0
$0
$0
$2,837,350
2031
$0
$0
$0
$2,837,879
2032
$0
$0
$0
$2,839,454
2033
$0
$0
$0
$2,827,077
Total
$34,086,186
$30,380,000
$3,706,186
$17,013,967
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The annual projected costs shown in Table IV -G are the annual expenditures relating to the
Improvement Area #6 Improvements shown in Table III -C and the costs associated with setting
up the PID, including the issuance costs and reserves as shown in Table IV -D. The difference
between the total projected costs and the total projected indebtedness, if any, is the amount
contributed by the Improvement Area #6 Developer.
As Future Improvement Areas are developed, in association with issuing Future Improvement
Area Bonds and/ or execution of a Future Improvement Area Reimbursement Agreement for each
Future Improvement Area, a table will be added to identify the Authorized Improvements to be
financed by each new series of the Future Improvement Area Bonds and/ or Future Improvement
Area Reimbursement Agreements and the projected indebtedness resulting from each additional
series of the Future Improvement Area Bonds and/ or Future Improvement Area Reimbursement
Agreements.
C. PID ASSESSMENT NOTICE
The PID Act requires that this Service and Assessment Plan and each Annual Service Plan Update
include a copy of the notice form required by Section 5.014 of the Texas Property Code. The "PID
Assessment Notice" is attached hereto as Appendix E and may be updated in an Annual Service
Plan Update.
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MuniCap 132
V. ASSESSMENT PLAN
A. INTRODUCTION
The PID Act requires the City Council to apportion the costs of the Authorized Improvements on
the basis of special benefits conferred upon the property because of the Authorized Improvements.
The PID Act provides that the costs of the Authorized Improvements may be assessed: (i) equally
per front foot or square foot; (ii) according to the value of the property as determined by the
governing body, with or without regard to improvements on the property; or (iii) in any other
manner that results in imposing equal shares of the cost on property similarly benefited. The PID
Act further provides that the governing body may establish by ordinance or order reasonable
classifications and formulas for the apportionment of the cost between the municipality and the
area to be assessed and the methods of assessing the special benefits for various classes of
improvements.
The proposed bond issuance program entails a series of bond financings that are intended to
finance the public infrastructure required for the development. This financing will necessarily be
undertaken in phases to coincide with the private investment and development of the Authorized
Improvements. Following the execution of the Improvement Area #4 Reimbursement Agreement
and the Improvement Area #5 Reimbursement Agreement in 2026, and the Improvement Area #4
and #5 Bonds issued in 2026, the execution of the Improvement Area #6 Reimbursement
Agreement in 2026, subsequent financings may be issued over the subsequent fifty (50) years from
the date of the first Assessment levy, as the Future Improvement Areas of the development are
gradually constructed.
The purpose of this gradual issuance of bonds in phases is to mirror the actual development of the
Authorized Improvements. The levy of Assessments and issuance of Bonds are most prudently
and efficiently utilized when directly coinciding with construction of public infrastructure needed
for private development that is to occur once the infrastructure is completed; it is most effective to
issue the Bonds when the infrastructure is needed, not before. Furthermore, there is no economic
advantage, and several disadvantages, to issuing debt and encumbering property within the PID
prior to the need for the Authorized Improvements.
For purposes of this Service and Assessment Plan, the City Council has determined that the costs
of the Improvement Area #4 Improvements, Improvement Area #5 Improvements, and
Improvement Area #6 Improvements shall be allocated as described below:
1. The costs of the Improvement Area #4 Improvements that only benefit Improvement Area #4
shall be allocated on the basis of Equivalent Units calculated using the estimated average home
price of each Lot Type at the time the Improvement Area #4 Assessments are levied, and that
such method of allocation will result in the imposition of equal shares of the costs of the
Improvement Area #4 Improvements to Parcels of Improvement Area #4 Assessed Property
similarly benefited.
2. The costs of the Improvement Area #5 Improvements that only benefit Improvement Area #5
shall be allocated on the basis of Equivalent Units calculated using the estimated average home
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price of each Lot Type at the time the Improvement Area #5 Assessments are levied, and that
such method of allocation will result in the imposition of equal shares of the costs of the
Improvement Area #5 Improvements to Parcels of Improvement Area #5 Assessed Property
similarly benefited.
3. The costs of the Improvement Area #6 Improvements that only benefit Improvement Area #6
shall be allocated on the basis of Equivalent Units calculated using the estimated average home
price of each Lot Type at the time the Improvement Area #6 Assessments are levied, and that
such method of allocation will result in the imposition of equal shares of the costs of the
Improvement Area #6 Improvements to Parcels of Improvement Area #6 Assessed Property
similarly benefited.
At this time, it is impossible to determine with absolute certainty the amount of special benefit
each Parcel within Future Improvement Areas will receive from the direct Authorized
Improvements that will benefit each individual Improvement Area and that are to be financed with
Future Improvement Area Bonds. Therefore, Parcels will only be assessed for the special benefits
conferred upon the Parcel at this time because of the Improvement Area #4 Improvements, the
Improvement Area #5 Improvements, and the Improvement Area #6 Improvements, as applicable.
In connection with the issuance of Future Improvement Area Bonds and/ or additional obligations
created pursuant to the Master Reimbursement Agreement and each respective Future
Improvement Area Reimbursement Agreement, this Service and Assessment Plan will be updated
to reflect the special benefit each Parcel of Assessed Property within a Future Improvement Areas
receives from the specific Authorized Improvements funded with those Future Improvement Area
Bonds issued and/ or Future Improvement Area Reimbursement Agreements executed with
respect to that Future Improvement Areas. Prior to assessing Parcels located within Future
Improvement Areas in connection with issuance of Future Improvement Area Bonds and/ or
execution of Future Improvement Area Reimbursement Agreements, each owner of the Parcels to
be assessed must acknowledge that the Authorized Improvements to be financed confer a special
benefit on their Parcel and must consent to the imposition of the Assessments to pay for the Actual
Costs of such Authorized Improvements.
This section of this Service and Assessment Plan currently (i) describes the special benefit
received by each Parcel of Assessed Property within the PID as a result of the Improvement Area
#4 Improvements, Improvement Area #5 Improvements, and Improvement Area #6
Improvements, as applicable, (ii) provides the basis and justification for the determination that
this special benefit exceeds the amount of the Improvement Area #4 Assessments, the
Improvement Area #5 Assessments, the Improvement Area #6 Assessments levied on the
Improvement Area #4 Assessed Property, Improvement Area #5 Assessed Property, Improvement
Area #6 Assessed Property, as applicable, and (iii) establishes the methodologies by which the
City Council allocates and reallocates the special benefit of the Improvement Area #4
Improvements, Improvement Area #5 Improvements, Improvement Area #6 Improvements, as
applicable, to Parcels of Improvement Area #4 Assessed Property, Improvement Area #5
Assessed Property, and Improvement Area #6 Assessed Property, as applicable, in a manner that
results in equal shares of the Actual Costs of such improvements being apportioned to Parcels
similarly benefited. The determination by the City Council of the assessment methodologies set
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forth below is the result of the discretionary exercise by the City Council of its legislative authority
and governmental powers and is conclusive and binding on the Improvement Area #4 Developer,
the Improvement Area #5 Developer, the Improvement Area #6 Developer, and all future owners
and developers of the Improvement Area #4 Assessed Property, the Improvement Area #5
Assessed Property, and the Improvement Area #6 Assessment Property.
As Future Improvement Areas are developed in connection with the issuance of Future
Improvement Area Bonds and/or additional reimbursements are required pursuant to the Master
Reimbursement Agreement, each respective Future Improvement Area Reimbursement
Agreement, this Service and Assessment Plan will be updated based on the City's determination
of the assessment methodology for each Future Improvement Areas.
B. SPECIAL BENEFIT
Assessed Property must receive a direct and special benefit from the Authorized Improvements,
and this benefit must be equal to or greater than the amount of the Assessments. The Authorized
Improvements (more particularly described in line -item format in Appendix B to this Service and
Assessment Plan) and the costs of issuance and payment of costs incurred in the establishment of
the PID shown in Table IV -C and Table IV -D are authorized by the PID Act. These Authorized
Improvements are provided specifically for the benefit of the Assessed Property.
At or prior to the time the City Council approved the Improvement Area #4 Assessment
Ordinance, the Improvement Area #5 Assessment Ordinance, and Improvement Area #6
Assessment Ordinance, respectively, each owner of the Improvement Area #4 Assessed Property,
Improvement Area #5 Assessed Property, and Improvement Area #6 Assessed Property, has
acknowledged that the Improvement Area #4 Improvements, the Improvement Area #5
Improvements, and the Improvement Area #6 Improvements, respectively, confer a special benefit
on the Improvement Area #4 Assessed Property, the Improvement Area #5 Assessed Property,
and the Improvement Area #6 Assessed Property, respectively, and has consented to the
imposition of the Improvement Area #4 Assessments, the Improvement Area #5 Assessments,
and the Improvement Area #6 Assessments, as the case may be, to pay for the Actual Costs
associated therewith. In making such acknowledgements and consents, each of the owners was
acting in its interest in consenting to the apportionment and levying of the Improvement Area #4
Assessments, the Improvement Area #5 Assessments, and the Improvement Area #6 Assessments,
respectively, because the special benefit conferred upon the Improvement Area #4 Assessed
Property, the Improvement Area #5 Assessed Property, and the Improvement Area #6 Assessed
Property, respectively, by the Improvement Area #4 Improvements, Improvement Area #5
Improvements, and Improvement Area #6 Improvements, respectively, exceeds the amount of the
Improvement Area #4 Assessments, the Improvement Area #5 Assessment, and the Improvement
Area #6 Assessment, as applicable.
The Authorized Improvements provide a special benefit to the Assessed Property as a result of
the close proximity of these improvements to the Assessed Property and the specific purpose of
these improvements of providing infrastructure for the Assessed Property. In other words, the
Assessed Property could not be used in the manner proposed without the construction of the
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Authorized Improvements. The Authorized Improvements are being provided specifically to meet
the needs of the Assessed Property as required for the proposed use of the property.
The Assessments are being levied to provide the Authorized Improvements that are required for
the highest and best use of the Assessed Property (i.e., the use of the property that is most valuable,
including any costs associated with that use). Highest and best use can be defined as "the
reasonably probable and legal use of property, which is physically possible, appropriately
supported, financially feasible, and that results in the highest value." (Dictionary of Real Estate
Appraisal, Third Edition.) The Authorized Improvements are expected to be required for the
proposed use of the Assessed Property to be physically possible, appropriately supported,
financially feasible, and maximally productive.
The Improvement Area #4 Developer, Improvement Area #5 Developer, and Improvement Area
#6 Developer have evaluated the potential use of the property and have determined that the highest
and best use of the property is the use intended and the legal use for the property as described in
Section II of this Service and Assessment Plan. The use of the Assessed Property as described
herein will require the construction of the Authorized Improvements.
The special assessments will repay financing that is on advantageous terms, as the Bonds issued,
if any, to finance the Authorized Improvements will pay interest that is exempt from federal
income tax. As a result, all other terms being equal (e.g., maturity, fixed vs. variable rate, credit
quality), the tax-exempt bonds will have a lower interest rate than debt that is not tax-exempt. The
Bonds also have a longer term than other available financings and may either be repaid or assumed
by a buyer at the buyer's option. As a result of these advantageous terms, the financing provided
by the PID is the most beneficial means of financing the Authorized Improvements.
At or prior to the time the City Council approved the Improvement Area #4 Assessment
Ordinance, the Improvement Area #5 Assessment Ordinance, and the Improvement Area #6
Assessment Ordinance, respectively, each owner of the Assessed Property will ratify, confirm,
accept, agree to and approve: (i) the determinations and findings by the City Council as to the
special benefits described in this Service and Assessment Plan, the Improvement Area #4
Assessment Ordinance, the Improvement Area #5 Assessment Ordinance, and the Improvement
Area #6 Assessment Ordinance; (ii) the Service and Assessment Plan, the Improvement Area #4
Assessment Ordinance, the Improvement Area #5 Assessment Ordinance, and the Improvement
Area #6 Assessment Ordinance, and (iii) the levying of Assessments on the Assessed Property.
Use of the Assessed Property as described in this Service and Assessment Plan and as authorized
by the PID Act requires that Authorized Improvements be acquired, constructed, installed, and/or
improved. Funding the Actual Costs of the Authorized Improvements through the PID has been
determined by the City Council to be the most beneficial means of doing so. As a result, the
Authorized Improvements result in a special benefit to the Assessed Property, and this special
benefit exceeds the amount of the Assessment. This conclusion is based on and supported by the
evidence, information, and testimony provided to the City Council.
In summary, the Authorized Improvements result in a special benefit to the Assessed Property for
the following reasons:
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1. The Authorized Improvements are being provided specifically for the use of the Assessed
Property, are necessary for the proposed best use of the property and provide a special
benefit to the Assessed Property as a result;
2. The Improvement Area #4 Developer, Improvement Area #5 Developer, and
Improvement Area #6 Developer have consented to the imposition of the Improvement
Area #4 Assessments, the Improvement Area #5 Assessments, and the Improvement
Area #6 Assessments, respectively, for the purpose of providing the Improvement Area
#4 Improvements, the Improvement Area #5 Improvements, and the Improvement Area
#6 Improvements, and the Improvement Area #4 Developer, Improvement Area #5
Developer, and Improvement Area #6 Developer are acting in their interest by consenting
to this imposition;
3. The Authorized Improvements are required for the highest and best use of the Assessed
Property;
4. The highest and best use of the Assessed Property is the use of the Assessed Property
that is most valuable (including any costs associated with the use of the Assessed
Property);
5. Financing of the costs of the Authorized Improvement through the PID is determined to
be the most beneficial means of providing for the Authorized Improvements; and
6. As a result, the special benefits to the Assessed Property from the Authorized
Improvements will be equal to or greater than the Assessments.
C. ASSESSMENT METHODOLOGY
The costs of the Authorized Improvements may be assessed by the City Council against the
Assessed Property so long as the special benefit conferred upon the Assessed Property by the
Authorized Improvements equals or exceeds the amount of the Assessments. The costs of the
Authorized Improvements may be assessed using any methodology that results in the imposition
of equal shares of the Actual Costs on Assessed Property similarly benefited.
1. Assessment Methodology for Improvement Area #4 Improvements
For purpose of this Service and Assessment Plan, the City Council determined that the Actual
Costs of the Improvement Area #4 Improvements shall be allocated to the Improvement Area #4
Assessed Property by spreading the entire Improvement Area #4 Assessment across the Parcels
of Improvement Area #4 Assessed Property based on the estimated number of Equivalent Units
anticipated to be developed on such Parcel.
Based on the estimates of the costs of the Improvement Area #4 Improvements, as set forth in
Table III -A, the City Council determined that the benefit to Improvement Area #4 Assessed
Property of the Improvement Area #4 Improvements was at least equal to the Improvement Area
#4 Assessments levied on the Improvement Area #4 Assessed Property.
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Upon subsequent divisions of any Parcel of Improvement Area #4 Assessed Property, the
Improvement Area #4 Assessment applicable to it will then be apportioned pro rata based on the
estimated Equivalent Units of each newly created Parcel of Improvement Area #4 Assessed
Property. For residential lots, when final residential building sites are platted, Improvement Area
#4 Assessments will be apportioned proportionately among each Parcel of Improvement Area #4
Assessed Property based on the ratio of the estimated Equivalent Units at the time residential lots
are platted to the total estimated Equivalent Units for lots in the platted Parcel of Improvement
Area #4 Assessed Property, as determined by the Administrator and confirmed by the City
Council.
The Improvement Area #4 Assessment and Annual Installments for each Parcel of Improvement
Area #4 Assessed Property is shown on the Improvement Area #4 Assessment Roll, attached as
Appendix G, and no Improvement Area #4 Assessment shall be changed except as authorized by
this Service and Assessment Plan or the PID Act.
2. Assessment Methodology for Improvement Area #5 Improvements
For purpose of this Service and Assessment Plan, the City Council has determined that the Actual
Costs of the Improvement Area #5 Improvements shall be allocated to the Improvement Area #5
Assessed Property by spreading the entire Improvement Area #5 Assessment across the Parcels
of Improvement Area #5 Assessed Property based on the estimated number of Equivalent Units
anticipated to be developed on each Parcel of Improvement Area #5 Assessed Property.
Based on the estimates of the costs of the Improvement Area #5 Improvements, as set forth in
Table III -B, the City Council has determined that the benefit to Improvement Area #5 Assessed
Property of the Improvement Area #5 Improvements is at least equal to the Improvement Area #5
Assessments levied on the Improvement Area #5 Assessed Property.
Upon subsequent divisions of any Parcel of Improvement Area #5 Assessed Property, the
Improvement Area #5 Assessment applicable to it will then be apportioned pro rata based on the
estimated Equivalent Units of each newly created Parcel of Improvement Area #5 Assessed
Property. For residential lots, when final residential building sites are platted, Improvement Area
#5 Assessments will be apportioned proportionately among each Parcel of Improvement Area #5
Assessed Property based on the ratio of the estimated Equivalent Units at the time residential lots
are platted to the total estimated Equivalent Units for lots in the platted Parcel of Improvement
Area #5 Assessed Property, as determined by the Administrator and confirmed by the City
Council.
The Improvement Area #5 Assessment and Annual Installments for each Parcel of Improvement
Area #5 Assessed Property is shown on the Improvement Area #5 Assessment Roll, attached as
Appendix H, and no Improvement Area #5 Assessment shall be changed except as authorized by
this Service and Assessment Plan or the PID Act.
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3. Assessment Methodology for Improvement Area #6 Improvements
For purpose of this Service and Assessment Plan, the City Council has determined that the Actual
Costs of the Improvement Area #6 Improvements shall be allocated to the Improvement Area #6
Assessed Property by spreading the entire Improvement Area #6 Assessment across the Parcels
of Improvement Area #6 Assessed Property based on the estimated number of Equivalent Units
anticipated to be developed on each Parcel of Improvement Area #6 Assessed Property.
Based on the estimates of the costs of the Improvement Area #6 Improvements, as set forth in
Table III -C, the City Council has determined that the benefit to Improvement Area #6 Assessed
Property of the Improvement Area #6 Improvements is at least equal to the Improvement Area #6
Assessments levied on the Improvement Area #6 Assessed Property.
Upon subsequent divisions of any Parcel of Improvement Area #6 Assessed Property, the
Improvement Area #6 Assessment applicable to it will then be apportioned pro rata based on the
estimated Equivalent Units of each newly created Parcel of Improvement Area #6 Assessed
Property. For residential lots, when final residential building sites are platted, Improvement Area
#6 Assessments will be apportioned proportionately among each Parcel of Improvement Area #6
Assessed Property based on the ratio of the estimated Equivalent Units at the time residential lots
are platted to the total estimated Equivalent Units for lots in the platted Parcel of Improvement
Area #6 Assessed Property, as determined by the Administrator and confirmed by the City
Council.
The Improvement Area #6 Assessment and Annual Installments for each Parcel of Improvement
Area #6 Assessed Property is shown on the Improvement Area #6 Assessment Roll, attached as
Appendix I, and no Improvement Area #6 Assessment shall be changed except as authorized by
this Service and Assessment Plan or the PID Act.
4. Assessment Methodology for Future Improvement Areas
When any given Future Improvement Area is developed, and Future Improvement Area Bonds
for that Future Improvement Areas are to be issued and/ or a Future Improvement Area
Reimbursement Agreement is executed, this Service and Assessment Plan will be amended to
determine the assessment methodology that results in the imposition of equal shares of the Actual
Costs on Assessed Property similarly benefited within that Future Improvement Area.
D. ASSESSMENTS
The Improvement Area #4 Assessments were levied in 2026 on each Parcel or lot of Improvement
Area #4 Assessed Property according to the Improvement Area #4 Assessment Roll, attached
hereto as Appendix G. The Annual Installments for Improvement Area #4 portion of the
Improvement Area #4 and #5 Bonds will be collected on the dates and in the amounts shown on
the Improvement Area #4 Assessment Roll, subject to revisions made during an Annual Service
Plan Update.
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The Improvement Area #5 Assessments were levied on each Parcel or lot of Improvement Area
#5 Assessed Property according to the Improvement Area #5 Assessment Roll, attached hereto as
Appendix H. The Annual Installments for Improvement Area #5 portion of the Improvement Area
#4 and #5 Bonds will be collected on the dates and in the amounts shown on the Improvement
Area #5 Assessment Roll, subject to revisions made during an Annual Service Plan Update.
The Improvement Area #6 Assessments will be levied on each Parcel or lot of Improvement Area
#6 Assessed Property according to the Improvement Area #6 Assessment Roll, attached hereto as
Appendix I. The Annual Installments for the Improvement Area #6 Reimbursement Agreement
will be collected on the dates and in the amounts shown on the Improvement Area #6 Assessment
Roll, subject to revisions made during an Annual Service Plan Update.
See Appendix F for Improvement Area #4 Assessments, Improvement Area #5 Assessments,
Improvement Area #6 Assessments per unit, leverage, and estimated tax rate equivalent calculation
details.
E. ADMINISTRATIVE EXPENSES
The cost of administering the PID and collecting the Annual Installments shall be paid for on a
pro rata basis by each Parcel of Assessed Property based on the amount of Assessment levied
against such Parcel. The Administrative Expenses shall be collected as part of and in the same
manner as Annual Installments in the amounts shown on each Assessment Roll, which may be
revised based on Actual Costs incurred in Annual Service Plan Updates.
F. ADDITIONAL INTEREST RESERVE
Pursuant to the PID Act, the interest rate for Assessments may exceed the actual interest rate per
annum paid on the related Bonds, by the Additional Interest Rate. The Additional Interest
Component of the Annual Installments is allocated to fund a reserve to be used for paying
Prepayment Costs and to offset Delinquent Collection Costs. The Additional Interest Reserve
shall be funded until it reaches 5.50% of the outstanding Bonds unless otherwise stipulated in the
applicable Trust Indenture. Once the Additional Interest Reserve is funded in full, the City may
allocate the Additional Interest Component of the Annual Installments as provided in the
applicable Trust Indenture.
G. TIRZ ANNUAL CREDIT
Pursuant to the TIRZ Ordinance, the City has agreed to use TIRZ Revenues in an amount equal
to 65% of the City's ad valorem tax revenues collected on the tax increment from each Parcel of
Assessed Property within the TIRZ No. 16 to offset a portion of the Assessments levied on each
such Parcel, if applicable. The Annual Installment for each Parcel of Assessed Property shall be
calculated by taking into consideration any TIRZ Annual Credit Amount applicable to such Parcel
then on deposit in the TIRZ No. 16 tax increment fund. The TIRZ Annual Credit Amount
applicable to each Parcel of Assessed Property shall be calculated, if applicable, as described
under Section VI of this Service and Assessment Plan.
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VI. TERMS OF THE ASSESSMENTS
A. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED
WITHIN IMPROVEMENT AREA #4
The Improvement Area #4 Assessment and Annual Installments thereof for each Improvement
Area #4 Assessed Property is shown on the Improvement Area #4 Assessment Roll, attached as
Appendix G, and no Improvement Area #4 Assessment shall be changed except as authorized by
this Service and Assessment Plan and the PID Act.
The Annual Installments from the Improvement Area #4 Assessed Property shall be collected in
an amount sufficient (i) to pay principal and interest on the Improvement Area #4 portion of the
Improvement Area #4 and #5 Bonds, (ii) the Additional Interest Component, as applicable, and
(iii) Administrative Expenses. The Annual Installment for each Parcel of Improvement Area #4
Assessed Property shall be determined by taking into consideration the TIRZ Annual Credit
Amount applicable to such Parcel then on deposit in the TIRZ No. 16 tax increment fund, if
applicable. The TIRZ Annual Credit Amount shall be determined separately for each Parcel of
Improvement Area #4 Assessed Property and such TIRZ Annual Credit Amount shall be applied
on a Parcel -by -Parcel basis, if applicable. As described in Section V.G., the TIRZ Revenues
attributable to each Parcel of Improvement Area #4 Assessed Property collected in any given year
shall be used to determine such Parcel's TIRZ Annual Credit Amount in the following year (i.e.,
TIRZ Revenues collected in 2026 shall be used to calculate the TIRZ Annual Credit Amount
applicable to Annual Installments to be collected in 2027). The number of units to be used for the
calculation of the TIRZ Annual Credit Amount, if applicable, shall be determined by the
Administrator based on the information available to the Administrator at the time of such
calculations.
B. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED
WITHIN IMPROVEMENT AREA #5
The Improvement Area #5 Assessment and Annual Installments for each Improvement Area #5
Assessed Property is shown on the Improvement Area #5 Assessment Roll, attached as Appendix
H, and no Improvement Area #5 Assessment shall be changed except as authorized by this Service
and Assessment Plan and the PID Act.
The Annual Installments from the Improvement Area #5 Assessed Property shall be collected in
an amount sufficient (i) to pay principal and interest on the Improvement Area #5 portion of the
Improvement Area #4 and #5 Bonds, (ii) the Additional Interest Component, as applicable, and
(iii) Administrative Expenses. The Annual Installment for each Parcel of Improvement Area #5
Assessed Property shall be determined by taking into consideration the TIRZ Annual Credit
Amount applicable to such Parcel then on deposit in the TIRZ No. 16 tax increment fund, if
applicable. The TIRZ Annual Credit Amount shall be determined separately for each Parcel of
Improvement Area #5 Assessed Property and such TIRZ Annual Credit Amount shall be applied
on a Parcel -by -Parcel basis, if applicable. As described in Section V.G., the TIRZ Revenues
attributable to each Parcel of Improvement Area #5 Assessed Property collected in any given year
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shall be used to determine such Parcel's TIRZ Annual Credit Amount for such Parcel in the
following year (i.e., TIRZ Revenues collected in 2026 shall be used to calculate the TIRZ Annual
Credit Amount applicable to Annual Installments to be collected in 2027). The number of units to
be used for the calculation of the TIRZ Annual Credit Amount, if applicable, shall be determined
by the Administrator based on the information available to the Administrator at the time of such
calculations.
C. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED
WITHIN IMPROVEMENT AREA #6
The Improvement Area #6 Assessment and Annual Installments for each Improvement Area #6
Assessed Property is shown on the Improvement Area #6 Assessment Roll, attached as Appendix
I, and no Improvement Area #6 Assessment shall be changed except as authorized by this Service
and Assessment Plan and the PID Act.
The Annual Installments from the Improvement Area #6 Assessed Property shall be collected in
an amount sufficient (i) to pay principal and interest on the Improvement Area #6 Reimbursement
Agreement, (ii) the Additional Interest Component, as applicable, and (iii) Administrative
Expenses. The Annual Installment for each Parcel shall be calculated by taking into consideration
any lawfully available funds to the PID, capitalized interest and TIRZ Annual Credit Amount
applicable to the Parcel. The TIRZ Annual Credit Amount shall be applied on a Parcel -by -Parcel
basis. As described in Section V.G, the TIRZ Revenues attributable to each Parcel of the Assessed
Property collected in any given year shall be used to calculate each Parcel's TIRZ Annual Credit
Amount for such Parcel in the following year (i.e., TIRZ Revenues collected in tax year 2027
shall be used to calculate the TIRZ Annual Credit Amount applicable to Annual Installments to
be collected in tax year 2028) on a Parcel -by -Parcel basis. TIRZ Annual Credit Amounts shall be
calculated only for Parcels that are subject to Assessments in the PID. The estimated number of
units to be used for calculation of the TIRZ Annual Credit Amount, if applicable, shall be
determined by the Administrator based on the information available to the Administrator at the
time of such calculations.
As described above, the Annual Installment for an Improvement Area #6 Assessed Property shall
receive a TIRZ Annual Credit Amount equal to the TIRZ Revenue generated that results in the
Target Net Tax Rate Equivalent for such Parcel, but in no event shall the TIRZ Annual Credit
Amount for a Parcel in Improvement Area #6 exceed the Improvement Area #6 Maximum TIRZ
Credit Amount for such Parcel, the amount sufficient to result in a net PID Annual Installment tax
rate equivalent [(Annual Installment - TIRZ Annual Credit Amount) - assessed value] of $0.4600
per $100 of assessed value unless otherwise approved by the City.
D. AMOUNT OF ASSESSMENTS AND ANNUAL INSTALLMENTS FOR PARCELS LOCATED
WITHIN FUTURE IMPROVEMENT AREAS
As Future Improvement Areas are developed, this Service and Assessment Plan will be amended
to determine the Future Improvement Area Assessment and Annual Installments for each Future
Improvement Area Assessed Property (e.g., an Appendix will be added as the Assessment Roll
for Improvement Area #7, etc.). The Future Improvement Area Assessments shall not exceed the
benefit received by the Future Improvement Area Assessed Property.
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E. REALLOCATION OF ASSESSMENTS
1. Subdivision
Upon the subdivision of any Parcel, the Assessment for the Parcel prior to the subdivision shall
be reallocated among the new subdivided Parcels according to the following formula:
A=Bx(C-D)
Where the terms have the following meanings:
A = the Assessment for each new subdivided Parcel
B = the Assessment for the Parcel prior to subdivision
C = the estimated number of Equivalent Units to be built on each new subdivided
Parcel
D = the sum of the estimated number of Equivalent Units to be built on all of the new
subdivided Parcels
The calculation of the estimated number of Equivalent Units to be built on a Parcel shall be
performed by the Administrator based on the information available regarding the use of the Parcel,
and such calculation shall be approved by the City Council in the immediately following Annual
Service Plan Update. The calculation as confirmed by the City Council shall be conclusive and
binding. The number of Equivalent Units to be built on a Parcel may be estimated by net land area
and reasonable density ratios.
The sum of the Assessments for all newly subdivided Parcels shall not exceed equal the
Assessment for the Parcel prior to subdivision. The calculation shall be made separately for each
newly subdivided Parcel. The reallocation of an Assessment for a Parcel that is a homestead under
Texas law may not exceed the Assessment prior to the reallocation and to the extent the
reallocation would exceed such amount, it shall be prepaid by such amount by the party requesting
the subdivision of the Parcels. Any reallocation pursuant to this section shall be reflected in an
Annual Service Plan Update approved by the City Council.
2. Consolidation
Upon the consolidation of two or more Parcels, the Assessment for the consolidated Parcel shall
be the sum of the Assessments for the Parcels prior to consolidation. The reallocation of an
Assessment for a Parcel that is a homestead under Texas law may not exceed the Assessment prior
to the reallocation and to the extent the reallocation would exceed such amount, it shall be prepaid
by such amount by the party requesting the consolidation of the Parcels. Any reallocation pursuant
to this section shall be reflected in an Annual Service Plan Update approved by the City Council.
The reallocation as confirmed by the City Council shall be conclusive and binding.
F. MANDATORY PREPAYMENT OF ASSESSMENTS
1. If a Parcel subject to Assessments is transferred to a party that is exempt from the payment of
the Assessment under applicable law, or if an owner causes a Parcel subject to Assessments
to become Non -Benefited Property, the owner of such Parcel shall pay to the City the full
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amount of the principal portion of the Assessment on such Parcel, plus all Prepayment Costs,
prior to or concurrently with any such conveyance or act, and no such conveyance shall be
effective until the City receives such payment.
2. The payments required above shall be treated the same as any Assessment that is due and
owing under the PID Act, each Assessment Ordinance, and this Service and Assessment Plan,
including the same lien priority, penalties, procedures, and foreclosure specified by the PID
Act.
G. REDUCTION OF ASSESSMENTS
1. If after all Authorized Improvements to be funded with a series of Bonds and/or Improvement
Area Reimbursement Agreement have been completed and Actual Costs for such Authorized
Improvements are less than the Actual Costs or Budgeted Costs of the Authorized
Improvements used to calculate the Assessments securing such series of Bonds and/or related
Improvement Area Reimbursement Agreement, resulting in excess proceeds being available,
and such excess proceeds may be used for any purpose authorized by a Trust Indenture and/or
may be used to reduce the obligations under an Improvement Area Reimbursement Agreement
as provided in the Improvement Area Reimbursement Agreement, then the Assessment
securing such series of Bonds and/or related Improvement Area Reimbursement Agreement
for each Parcel of Assessed Property shall be reduced by the City Council pro rata such that
the sum of the resulting reduced Assessments for all Assessed Properties equals the actual
reduced Actual Costs. The Assessments shall not be reduced to an amount less than the related
outstanding series of Bonds (including by application of the Additional Interest Rate)and/or
amounts due under a related Improvement Area Reimbursement Agreement. If all of the
Authorized Improvements are not completed, the City may reduce the Assessments in another
method if it determines such method would better reflect the benefit received by the Parcels
from the Authorized Improvements completed.
2. If all the Authorized Improvements are not undertaken, resulting in excess Bonds proceeds
being available and/or a need to reduce the obligations under an Improvement Area
Reimbursement Agreement, and such excess proceeds may be used for any purpose
authorized by a Trust Indenture and/or may be used to reduce the obligations under an
Improvement Area Reimbursement Agreement, as provided in the Improvement Area
Reimbursement Agreement, as the case may be, then the Assessments and Annual
Installments for each Parcel shall be appropriately reduced by the City Council to reflect only
the amounts required to repay the Bonds and/ or repay obligations under an Improvement
Area Reimbursement Agreement, including interest on the Bonds (including by application
of the Additional Interest Rate) and/ or interest due under an Improvement Area
Reimbursement Agreement and Administrative Expenses. The City Council may reduce the
Assessments and the Annual Installments for each Parcel (i) in an amount that represents the
Authorized Improvements provided for each Parcel or (ii) by an equal percentage calculated
based on number of units, if determined by the City Council to be the most fair and practical
means of reducing the Assessments for each Parcel, such that the sum of the resulting reduced
Assessments equals the amount required to repay the Bonds and/ or repay the obligations
under an Improvement Area Reimbursement Agreement, including interest thereon and
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Administrative Expenses. The principal portion of the Assessment for each Parcel shall be
reduced pro rata to the reduction in the Assessments for each Parcel such that the sum of the
resulting reduced principal portion of the Bonds and/or obligations under an Improvement
Area Reimbursement Agreement is equal to the outstanding principal amount of the Bonds
and/or an Improvement Area Reimbursement Agreement.
H. PAYMENT OF ASSESSMENTS
1. Payment in Part or Full
(a) The Assessment for any Parcel may be paid in full at any time. Such payment shall include
all Prepayment Costs. If prepayment in full will result in redemption of Bonds, the
payment amount shall be reduced by the amount, if any, of interest through the date of
redemption of Bonds and reserve funds applied to the redemption under the Trust
Indenture, net of any other costs applicable to the redemption of Bonds.
(b) If an Annual Installment has been billed prior to payment in full of an Assessment, the
Annual Installment shall be due and payable and shall be credited against the payment -in -
full amount.
(c) Upon payment in full of the Assessment and all Prepayment Costs, the City shall deposit
the payment in accordance with the Trust Indenture; whereupon the Assessment shall be
reduced to zero, and the owner's obligation to pay the Assessment and Annual Installments
thereof shall automatically terminate.
(d) At the option of the owner of the Assessed Property, the Assessment on any Parcel plus
Prepayment Costs may be paid in part, in an amount sufficient to allow for a convenient
redemption of Bonds as determined by the Administrator. Upon the payment of such
amounts for a Parcel, the Assessment for the Parcel shall be reduced, the Assessment Roll
shall be updated to reflect such partial payment, the obligation to pay the Annual
Installment for such Parcel shall be reduced to the extent the partial payment is made, and
the term of the Assessment shall not be reduced.
2. Payment in Annual Installments
The PID Act provides that an Assessment for a Parcel may be paid in full at any time. If not paid
in full, the PID Act authorizes the Assessment to be paid in installments and additionally allows
the City to collect interest (including the Additional Interest Rate), Administrative Expenses and
other authorized charges in installments. An Assessment for a Parcel that is not paid in full will
be collected in Annual Installments each year in the amounts shown on the Assessment Rolls, as
updated as provided for herein, which include interest, Administrative Expenses, and payments
required for the Additional Interest Reserve if and when Bonds are issued. Payment of the Annual
Installments shall commence with tax bills mailed after the initial levy of Assessments.
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Improvement Area #4 and #5 Bonds
Each Assessment for the Improvement Area #4 Assessed Property and Improvement Area #5
Assessed Property related to the Improvement Area #4 and #5 Bonds shall be paid with interest
of no more than the actual interest rate paid on the Improvement Area #4 and #5 Bonds. Interest
on the Improvement Area #4 and #5 Bonds is based on an interest rate of 4.75% in years 1 through
10 (2027-2036), 5.55% in years 11 through 20 (2037-2046), and 6.00% in years 21 through 30
(2047-2056) and Additional Interest at the rate of 0.5% for the Additional Interest Reserve.
Furthermore, the Annual Installments related to the Improvement Area #4 and #5 Bonds may not
exceed the amounts shown on the Improvement Area #4 Assessment Roll and Improvement Area
#5 Assessment Roll. The Improvement Area #4 Assessment Roll and the Improvement Area #5
Assessment Roll are shown as Appendix G and Appendix H, respectively.
Improvement Area #6
Each Assessment for the Improvement Area #6 Assessed Property for the Improvement Area #6
Improvements shall be paid with interest of no more than the actual interest rate paid on the
obligation under the Reimbursement Agreement related to the Improvement Area #6
Improvements. Interest on the obligation under the Reimbursement Agreement related to the
Improvement Area #6 Improvements shall be paid based on an estimated interest rate of 8.91%
per annum for years 1 through 5 and 7.33% per annum following the fifth Annual Installment.
The interest on the obligation under the Reimbursement Agreement related to the Improvement
Area #6 Improvements shall be paid at a rate not to exceed five hundred basis points (5.00%)
above the highest average index rate for tax-exempt bond reported in a daily or weekly bond index
approved by the City and reported in the month prior to the establishment of the Assessments
securing such portion of the obligation due under the Reimbursement Agreement and continuing
for a period of five years from such date. Such rate shall then adjust and shall not exceed two
hundred basis points (2.00%) above the bond index rate described above and shall continue until
the Assessments are paid in full. The index approved by the City is the Bond Buyer Index for
which the highest average rate during the previous thirty days prior to the levy of Assessments
against the Improvement Area #6 Assessed Property was 5.33%. The City has determined that the
obligation under the Reimbursement Agreement related to the Improvement Area #6
Improvements shall bear interest at the estimated interest rate of 8.91% per annum for years 1
through 5 and 7.33% per annum following the fifth Annual Installment, which rates are equal to
or less than the initial maximum allowable rate of estimated interest of 8.91% for years 1 through
5 and equal to the maximum allowable rate of interest following the fifth Annual Installment,
which would be 7.33%. Furthermore, the Annual Installments of the Assessments levied against
Improvement Area #6 Assessed Property may not exceed the amounts shown on the Improvement
Area #6 Assessment Roll. The Improvement Area #6 Assessment Roll is shown as Appendix I.
Reduction ofAssessments
The Annual Installments shall be reduced to equal the respective Actual Costs of repaying the
Improvement Area #4 and #5 Bonds and the Improvement Area #6 Reimbursement Agreement,
as applicable, and actual Administrative Expenses (as provided for in the definition of such term),
taking into consideration any other available funds for these costs, such as interest income on
account balances.
MuniCap 146
The City reserves and shall have the right and option to refund the Improvement Area #4 and #5
Bonds, and/or issue additional Bonds in accordance with Section 372.027 of the PID Act. In the
event of such refunding, the Administrator shall recalculate the Annual Installments, and if
necessary, may adjust, or decrease, the amount of the Annual Installments so that total Annual
Installments of Assessments will be produced in annual amounts that are required to pay the
refunding bonds when due and payable as required by and established in the ordinance authorizing
and/or the indenture securing the refunding bonds, and such refunding bonds shall constitute
Improvement Area #4 and #5 Bonds, as the case may be, for purposes of this Service and
Assessment Plan.
I. COLLECTION OF ANNUAL INSTALLMENTS
No less frequently than annually, the Administrator shall prepare, and the City Council shall
consider and approve, an Annual Service Plan Update to allow for the billing and collection of
Annual Installments. Each Annual Service Plan Update shall include updated Assessment Rolls
and a calculation of the Annual Installment for each Parcel. Administrative Expenses shall be
allocated among Parcels in proportion to the amount of the Annual Installments for the Parcels.
Each Annual Installment shall be reduced by any credits applied under the applicable Trust
Indenture, such as capitalized interest, interest earnings on any account balances, and any other
funds available to the Trustee for such purpose, including any existing deposits for the Additional
Interest Reserve and any applicable TIRZ Annual Credit Amounts. Annual Installments shall be
collected by the City in the same manner and at the same time as ad valorem taxes and shall be
subject to the same penalties, procedures, and foreclosure sale in case of delinquencies as are
provided for ad valorem taxes of the City. The City Council may provide for other means of
collecting the Annual Installments to the extent permitted under the PID Act. The Assessments
shall have lien priority as specified in the PID Act.
Each Annual Installment, including the interest on the unpaid amount of an Assessment, shall be
calculated as of September 1 and updated annually. Each Annual Installment together with interest
thereon shall be delinquent if not paid prior to February 1 of the following year.
The collection of the first Annual Installment for a Parcel of Improvement Area #4 Assessed
Property shall commence upon September 1, 2026.
The collection of the first Annual Installment for a Parcel of Improvement Area #5 Assessed
Property shall commence upon September 1, 2026.
The collection of the first Annual Installment for a Parcel of Improvement Area #6 Assessed
Property shall commence upon the earlier of: (i) with tax bills sent the first October after execution
of the Improvement Area #6 Reimbursement Agreement, or (ii) September 1, 2027.
Any sale of Assessed Property for nonpayment of the Annual Installments shall be subject to the
lien established for the remaining unpaid Annual Installments against such Assessed Property and
such Assessed Property may again be sold at a judicial foreclosure sale if the purchaser thereof
MuniCap 147
fails to make timely payment of the non -delinquent Annual Installments against such Assessed
Property as they become due and payable.
(remainder of this page is intentionally left blank)
MuniCap 148
VIL THE ASSESSMENT ROLL
A. IMPROVEMENT AREA #4 ASSESSMENT ROLL
The City Council has evaluated each Parcel in Improvement Area #4 (based on numerous factors
such as the applicable zoning for the developable area, the use of proposed Homeowners'
Association Property, the Public Property, the types of Authorized Improvements, and other
development factors deemed relevant by the City Council) to determine which Parcels constitute
Improvement Area #4 Assessed Property.
The Improvement Area #4 Assessed Property was assessed for the special benefits conferred upon
such property resulting from the Improvement Area #4 Improvements. Table VII -A summarizes
the $16,255,00 (excluding bond premium) in special benefit from the Improvement Area #4
Improvements, including a portion of the costs of the PID formation and applicable Improvement
Area #4 Bond issuance costs. The Improvement Area #4 Assessment is $16,255,000, which is less
than the benefit received by the Improvement Area #4 Assessed Property. Accordingly, the total
Improvement Area #4 Assessment to be applied to all the Improvement Area #4 Assessed Property
is $16,255,000, plus interest and annual Administrative Expenses. The Improvement Area #4
Assessment for each Improvement Area #4 Assessed Property is calculated based on the allocation
methodologies described in Section V.D. The Improvement Area #4 Assessment Roll is attached
hereto as Appendix G.
Table VII -A
Improvement Area #4
Special Benefit Summary
Special Benefit
Total Improvement Area #4 Improvements
Bond Issuance Costs:
Cost of Issuance
Reserve Fund
Administrative expenses
Underwriters Discount
Subtotal Bond Issuance Costs
Premium
Total Special Benefit
Special Benefit:
Total Special Benefit
Assessment
Excess Benefit
'See Table 111A for details.
Total Cost
$13,949,138
$583,114
$1,166,443
$95,000
$487,650
$2,332,207
($26,345)
$16,255,000
$16,255,000
$16,255,000
$0
MuniCap 149
B. IMPROVEMENT AREA #5 ASSESSMENT ROLL
The City Council has evaluated each Parcel in Improvement Area #5 (based on numerous factors
such as the applicable zoning for the developable area, the use of proposed Homeowners'
Association Property, the Public Property, the types of Authorized Improvements, and other
development factors deemed relevant by the City Council) to determine which Parcels constitute
Improvement Area #5 Assessed Property.
The Improvement Area #5 Assessed Property is being assessed for the special benefits conferred
upon such property resulting from the Improvement Area #5 Improvements. Table VII -B
summarizes the $6,763,000 (excluding bond premium) in special benefit from the Improvement
Area #5 Improvements, including a portion of the costs of the PID formation and applicable
Improvement Area #5 Bond issuance costs. The Improvement Area #5 Assessment amount is
$6,763,000, which is less than the benefit received by the Improvement Area #5 Assessed
Property. Accordingly, the total Improvement Area #5 Assessment to be applied to all the
Improvement Area #5 Assessed Property is $6,763,000, plus interest and annual Administrative
Expenses. The Improvement Area #5 Assessment for each Improvement Area #5 Assessed
Property is calculated based on the allocation methodologies described in Section V.D. The
Improvement Area #5 Assessment Roll is attached hereto as Appendix H.
Table VII -B
Improvement Area #5
Special Benefit Summary
Special Benefit Total Cost
Total Improvement Area #5 Improvements' $5,747,508
Bond Issuance Costs:
Cost of Issuance $242,783
Reserve Fund $485,306
Administrative expenses $95,000
Underwriter's Discount $202,890
Subtotal Bond Issuance Costs $1, 025,979
Premium ($10,487)
Total Special Benefit $6,763,000
Special Benefit:
Total Special Benefit $6,763,000
Assessment $6,763,000
Excess Benefit $0
'See Table III -B for details.
(remainder of this page is intentionally left blank)
MuniCap 150
C. IMPROVEMENT AREA #6 ASSESSMENT ROLL
The City Council has evaluated each Parcel in Improvement Area #6 (based on numerous factors
such as the applicable zoning for the developable area, the use of proposed Homeowners'
Association Property, the Public Property, the types of Authorized Improvements, and other
development factors deemed relevant by the City Council) to determine which Parcels constitute
Improvement Area #6 Assessed Property.
The Improvement Area #5 Assessed Property is being assessed for the special benefits conferred
upon such property resulting from the Improvement Area #6 Improvements. Table VII -C
summarizes the $34,086,186 in special benefit from the Improvement Area #6 Improvements,
including the costs of the PID formation and applicable issuance costs. The Improvement Area #6
Assessment amount is $30,380,000, which is less than the benefit received by the Improvement
Area #6 Assessed Property. Accordingly, the total Improvement Area #6 Assessment to be applied
to all the Improvement Area #6 Assessed Property is $30,380,000, plus interest and annual
Administrative Expenses. The Improvement Area #6 Assessment for each Improvement Area #6
Assessed Property is calculated based on the allocation methodologies described in Section V.D.
The Improvement Area #6 Assessment Roll is attached hereto as Appendix I.
Table VII -C
Improvement Area #6
Special Benefit Summary
Special Benefit Total Cost
Total Improvement Area #6 Improvements' $28,516,364
Estimated Bond Issuance Costs:
Cost of Issuance
$1,823,083
Reserve Fund
$2,724,339
Administrative expenses
$111,000
Underwriter's Discount
$911,400
Subtotal Estimated Bond Issuance Costs
$5,569,822
Total Special Benefit
$34,086,186
Special Benefit:
Total Special Benefit $34,086,186
Assessment $30,380,000
Excess Benefit $3,706,186
'See Table III -C for details.
D. FUTURE IMPROVEMENT AREAS ASSESSMENT ROLL
As Future Improvement Areas are developed, this Service and Assessment Plan will be amended
to determine the Future Improvement Area Assessment for each Parcel or lot located within such
Future Improvement Areas (e.g., an appendix will be added for each Future Improvement Area
Assessment Roll).
MuniCap 151
E. ANNUAL ASSESSMENT ROLL UPDATES
The Administrator shall prepare, and shall submit to the City Council for approval, annual updates
to the Assessment Roll in conjunction with the Annual Service Plan Update to reflect the
following matters, together with any other changes helpful to the Administrator or the City and
permitted by the PID Act: (i) the identification of each Parcel (ii) the Assessment for each Parcel
of Assessed Property, including any adjustments authorized by this Service and Assessment Plan
or the PID Act; (iii) the Annual Installment for the Assessed Property for the year (if the
Assessment is payable in installments); and (iv) payments of the Assessment, if any, as provided
by Section VI.F of this Service and Assessment Plan.
This Service and Assessment Plan reflects the actual interest under the Improvement Area #6
Reimbursement Agreement, and which the Annual Installments shall be paid, any reduction in the
Improvement Area #6 Assessments, and any revisions in the Budgeted Costs to be funded by the
Improvement Area #6 Reimbursement Agreement and Improvement Area #6 Developer funds.
(remainder of this page is intentionally left blank)
MuniCap 152
VIII. MISCELLANEOUS PRO VISIONS
A. ADMINISTRATIVE REVIEW
The City may elect to designate a third party to serve as Administrator. The City shall notify the
Developer in writing at least thirty (30) days in advance before appointing a third -party
Administrator.
To the extent consistent with the PID Act, an owner of an Assessed Property claiming that a
calculation error has been made in an Assessment Roll, including the calculation of the Annual
Installment, shall send a written notice describing the error to the City not later than thirty (30)
days after the date any amount which is alleged to be incorrect is due prior to seeking any other
remedy. The Administrator shall promptly review the notice, and if necessary, meet with the
Assessed Property owner, consider written and oral evidence regarding the alleged error and
decide whether, in fact, such a calculation error occurred.
If the Administrator determines that a calculation error has been made and the applicable
Assessment Roll should be modified or changed in favor of the Assessed Property owner, such
change or modification shall be presented to the City Council for approval to the extent permitted
by the PID Act. A cash refund may not be made for any amount previously paid by the Assessed
Property owner (except for the final year during which the Annual Installment shall be collected
or if it is determined there are sufficient funds to meet the expenses of the PID for the current
year), but an adjustment may be made in the amount of the Annual Installment to be paid in the
following year. The decision of the Administrator regarding a calculation error relating to an
Assessment Roll may be appealed to the City Council. Any amendments made to an Assessment
Roll pursuant to calculation errors shall be made pursuant to the PID Act.
The decision of the Administrator, or if such decision is appealed to the City Council, the decision
of the City Council, shall be conclusive as long as there is a reasonable basis for such
determination. This procedure shall be exclusive and its exhaustion by any property owner shall
be a condition precedent to any other appeal or legal action by such owner.
B. TERMINATION OF ASSESSMENTS
Each Assessment shall be extinguished on the date the Assessment is paid in full, including unpaid
Annual Installments and Delinquent Collection Costs, if any. After the extinguishment of an
Assessment and the collection of any delinquent Annual Installments and Delinquent Collection
Costs, the City shall provide the owner of the affected Parcel a recordable "Notice of the PID
Assessment Termination."
C. AMENDMENTS
Amendments to this Service and Assessment Plan can be made as permitted or required by the
PID Act and under Texas law.
MuniCap I3
The City Council reserves the right to the extent permitted by the PID Act to amend this Service
and Assessment Plan without notice under the PID Act and without notice to property owners of
Parcels of Assessed Property: (i) to correct mistakes and clerical errors; (ii) to clarify ambiguities;
and (iii) to provide procedures for the collection and enforcement of Assessments, Prepayment
Costs, collection costs, and other charges imposed by this Service and Assessment Plan.
D. COUNTY FILING
Within seven days of its approval by the City Council, the City shall (i) file and record this Service
and Assessment Plan in the real property records of the County and (ii) post a copy of this Service
and Assessment Plan on the City's internet web site. In addition, the City shall similarly file each
Annual Service Plan Update approved by the City Council, with each such filing to occur within
seven days of the date each respective Annual Service Plan Update is approved. All such
documents shall be filed and recorded in their entirety.
E. ADMINISTRATION AND INTERPRETATION OF PROVISIONS
The City Council shall administer the PID, this Service and Assessment Plan, and all Annual
Service Plan Updates consistent with the PID Act and shall make all interpretations and
determinations related to the application of this Service and Assessment Plan unless stated
otherwise herein or in the Trust Indenture, such determination shall be conclusive.
F. SEVERABILITY
If any provision, section, subsection, sentence, clause or phrase of this Service and Assessment
Plan or the application of same to an Assessed Property or any person or set of circumstances is
for any reason held to be unconstitutional, void or invalid, the validity of the remaining portions
of this Service and Assessment Plan or the application to other persons or sets of circumstances
shall not be affected thereby, it being the intent of the City Council in adopting this Service and
Assessment Plan that no part hereof or provision or regulation contained herein shall become
inoperative or fail by reason of any unconstitutionality, voidness or invalidity of any other part
hereof, and all provisions of this Service and Assessment Plan are declared to be severable for
that purpose.
If any provision of this Service and Assessment Plan is determined by a court to be unenforceable,
the unenforceable provision shall be deleted from this Service and Assessment Plan and the
unenforceable provision shall, to the extent possible, be rewritten to be enforceable and to give
effect to the intent of the City.
(remainder of this page is intentionally left blank)
MuniCap 154
APPENDIX A-1
PID MAP
.r,
Veale Ranch PID - Boundary Map
c:wfl __
1 '
f
VEALE RANCH
lll�� VEALE RANCH
MASTER PLAN
TIY rr,
...�� _' .W.MI�IYMN(OY.I'IY.
APPENDIX A-2
IMPROVEMENT AREA #4 MAP
LJ
L?3\ r
1 ;
14\ hj 1i
L..
r
proveae�
4. / bra 04
VEALE RANCH
•, , V`
- --•- ® ' __" MAS1UPMH
APPENDIX A-3
IMPROVEMENT AREA #5 MAP
.----.----..-'.-..- •__•7I.-..-..
Sri. .__
A
I
I.- •
I\,.) __ __ I
r
• 3 " �,; fth VEALE RANCH
6
APPENDIX A-4
IMPROVEMENT AREA #6 MAP
LJ
7
VEALE RANCH
MASTER PLAN
_-..... --_- ..«....,.., ..,.w..wm rout ....
APPENDIX A-5
FUTURE IMPROVEMENT AREA MAP
VEALE RANCH
MASTER PLA(J
I1 �
APPENDIX B
BUDGETED COSTS OF AUTHORIZED IMPROVEMENTS
''.3' i
Roadway Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost I
Furnish/Install Electric Service Pedestal (Traffic Signal)
EA
1.00
$15,500.00
$15,500.00
12" Conduit PVC SCH 80(T)
IF
51.0C
$38.00
$1,938.001
13" Conduit PVC SCH 80(T)
IF
152.00
$40.00
$6,080.001
13" Conduit PVC SCH 80 (B)
LF
132.00
$88.00
$11,616.00
14" Conduit PVC SCH 80 (T)
LF
12.00
$44.00
$528.00)
14" Conduit PVC SCH 80 (B)
LF
442.00
$92.00
$40,664.00
Furnish/Install 3 -Sect Signal Head
EA
13.00
$2,850.00
$37,050.00
Furnish/Install 5 -Sect Signal Head
EA
1.00
$4,950.00
$4,950.001
Furnish/Install Ped Singal Head Assembly
EA
2.0C
$2,000.00
$4,000.00
lAudible Pedestrian Pushbutton Station
EA
2.00
$6,500.00
$13,000.00
Furnish/Install BBU System EXT Mounted
EA
1.00
$11,500.00
$11,500.00
Furnish/Install Hybrid Detection System
EA
5.0C
$13,000.00
$65,000.00
Furnish/Install Model 711 Preemption
LF
3.0C
$4,000.00
$12,000.00
Furnish/Install Preemption Cable
EA
822.00
$5.00
$4,110.00
Furnish/Install PTZ Camera
EA
1.00
$11,500.00
$11,500.00
Furnish/Install Communication Modem
LF
1.0C
$5,500.00
$5,500.00)
Furnish/Install CATS Ethernet Cable
LF
1,600.0C
$5.00
$8,000.00
)5/C 14AWG Multi -Conductor Cable
LF
20.00
$5.00
$100.00)
17/C 14 AWG Multi -Conductor Cable
LF
705.00
$6.00
$4,230.00
)10/C 14 AWG Multi -Conductor Cable
LF
218.00
$7.00
$1,526.00
120/C 14AWG Multi -Conductor Cable
LF
1,155.00
$11.00
$12,705.00
13/C 14AWG Multi -Conductor Cable
LF
228.00
$5.00
$1,140.00
NO 6 Insulated Electric Condr
LF
36.00
$5.00
$180.00)
)NO 10 Insulated Electric Condr
LF
1,888.00
$3.00
$5,664.00
1NO6 Bare Electric Condr SLD
LF
18.00
$5.00
$90.00)
NO 8 Bare Electric Condor SLD
LF
771.00
$4.00
$3,084.00
Furnish/Install Ground Box Type D, w/Apron
EA
8.00
$4,000.00
$32,000.00
Furnish/Install10'-20' Ped Pole Assembly
LF
1.00
$4,500.00
$4,500.00
Furnish/Install Type 41 Signal Pole
EA
2.0C
$15,500.00
$31,000.00
Furnish/Install Type 43 Signal Pole
EA
1.00
$19,000.00
$19,000.00
Furnish/Install Type 45 Signal Pole
EA
2.0C
$19,500.00
$39,000.00
Furnish/Install Mast Arm 16-36'
EA
2.0C
$10,000.00
$20,000.00
Furnish/Install Mast Arm 40'- 48'
EA
1.00
$11,000.00
$11,000.00
Furnish/Install Mast Arm 52-60'
EA
2.0C
$14,000.00
$28,000.00
ITS 1 Signal Foundation
EA
1.00
$6,500.00
$6,500.001
ITS 3 Signal Foundation
EA
2.00
$8,000.00
$16,000.00
ITS 4 Signal Foundation
EA
1.00
$8,500.00
$8,500.00)
ITS 5 Signal Foundation
EA
2.00
$9,000.00
$18,000.00
ISignal Cabinet Foundation - 352i & BBU
EA
1.00
$7,800.00
$7,800.00)
)Furnish/Install ATC Signal Controller
EA
1.00
$6,800.00
$6,800.00)
1 Furnish/Install 352i Controller Cabinet Assembly
EA
1.00
$32,000.00
$32,000.00
Furnish/Install LED Lighting Fixture (137 Watt ATB2 Cobra Head)
EA
5.00
$1,100.00
$5,500.00)
Furnish/Install Alum Sign Mast Arm Mount
EA
16.00
$1,000.00
$16,000.00
Furnish/Install Alum Sign Ground Mount City Std.
EA
6.00
$1,000.00
$6,000.00)
)IN SM RD SUP&AM TYI0BWG(I)SA(P)
EA
6.00
$500.00
$3,000.00
Remove Existing Wire Fence
LF
188.00
$6.00
$1,128.00
Post & Cable Fence (Remove)
LF
80.00
$10.00
$800.00)
Concrete Sidewalks (5")
SY
15.00
$62.00
$930.00)
) Plane Asphalt Concrete Pavement (1")
SY
1,515.00
$32.00
$48,480.00
)FL 85 (CMP In Place)(TY A GR 1-2)(10")
SY
1,515.00
$115.00
$174,225.00
Lime Treatment (Subgrade)(6")
SY
2,075.0C
$9.00
$18,675.00
Concrete Pavement (COST REINF - CRCP)(8")
SY
560.00
$102.00
$57,120.00
ITS 21 Comb Island Ramp
EA
1.00
$4,000.00
$4,000.00
ITS 1 Perpendicular Curb Ramp
EA
2.00
$4,500.00
$9,000.00
)Plane Asphalt Concrete Pavement (1") (Change Order 1)
SY
(1,515.00)
$32.00
($48,480.00))
)TS -B Asphalt Pavement (S") (Change Order 1)
SY
1,933.00
$54.00
$104,382.00
)TV -C Asphalt Pavement (3") (Change Order 1)
SY
1,886.0[
$48.00
$90,528.00
Clearing & Grubbing - TxDOT Driveway
AC
1.4_1
$2,500.00
$3,625.00
)Cut-TxDOT Driveway
CV
249.0[
$8.00
$1,992.00
Fill -TxDOT Driveway
CV
1,572.00
$12.00
$18,864.00
(Traffic Control - TxDOT Driveway
LS
1.0C
$25,000.00
$25,000.00
Subtotal - Roadway Improvements
$1,102,524.1
Ater Improve
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Unclassified Excavation - Utility >8" Corridor
CV
2,040.00
$4.75
$9,690.00)
Trench Safety
LF
11,363.00
$2.00
$22,726.00 )
12" PVC Water Pipe
LF
1,088.00
$112.00
$121,856.00 )
12" DIP Water
LF
83.00
$142.00
$11,786.00 )
16" PVC Water Pipe
LF
2,646.00
$162.00
$428,652.00 )
16" DIP Water
LF
680.00
$222.00
$150,960.00 )
24" PVC Water Pipe
LF
5,717.00
$242.00
$1,383,514.00 )
24" DIP Water
LF
222.00
$282.00
$62,604.00 )
Fire Hydrant (Assembly)
EA
1.00
$8,500.00
$8,500.00 )
1" Water Service
EA
13.00
$1,450.00
$18,850.00 )
12" Gate Valve
EA
6.00
$4,500.00
$27,000.00 )
16" Gate Valve & Vault
EA
2.00
$28,500.00
$57,000.00 )
24" Gate Valve & Vault
EA
9.00
$62,500.00
$562,500.00 )
Ductile Iron Water Fittings w/ Restraint
TON
15.02
$16,500.00
$247,797.00 )
6" Blow Off Valve
EA
1.00
$14,500.00
$14,500.00 )
8" Blow Off Valve
EA
1.00
$18,500.00
$18,500.00 )
2" Combination Air Valve Assembly for Water
EA
1.00
$12,500.00
$12,500.00 )
4" Combination Air Valve Assembly for Water
EA
1.00
$30,500.00
$30,500.00 )
20" Casing By Open Cut
LF
508.00
$320.00
$162,560.00 )
24" Casing By Open Cut
LF
407.00
$380.00
$154,660.00 )
42" Casing By Open Cut
LF
529.00
$720.00
$380,880.00 )
Connection to Existing 24" Water Main EA 1.00 $9,500.00 $9,500.00
Erosion Control Matting SV 127.00 $12.00 $1,524.00
12" DIP Water, CSS Backfill LF 427.00 $162.00 $69,174.00
24" DIP Water, CSS Backfill LF 500.00 $312.00 $156,000.00
Concrete Riprap 5V 1,041.00 $82.00 $85,362.00
Utility Markers
LS
1.00
$2,500.00
$2,500.00
Water Testing (Excluding Geotech)
LF
12,903.00
$2.00
$25,806.00
124" Ring Connection
EA
1.00
$105,000.00
$105,000.00
18" PVC Water Pipe (Change Order 1)
LF
23.00
$56.00
$1,288.00
18" DIP Water (Change Order 1)
LF
20.00
$66.00
$1,320.00
112" PVC Water Pipe (Change Order 1)
LF
(7.00)
$112.00
($784.00)
112" DIP Water (Change Order 1)
LF
7.00
$142.00
$994.00
124" PVC Water Pipe (Change Order 1)
LF
(15.00)
$242.00
($3,630.00)
24" Gate Valve & Vault (Change Order 1)
EA
(2.00)
$62,500.00
($125,000.00)
I Ductile iron Water Fittings w/ Restraint (Change Order 1)
TON
(0.90)
$16,500.00
($14,850.00)
18" Water Lowering (Change Order 1)
EA
1.00
$5,500.00
$5,500.00
20" Casing By Open Cut (Change Order 1)
LF
20.00
$320.00
$6,400.00
24" Casing By Open Cut (Change Order 1)
LF
(209.00)
$380.00
($79,420.00)
12" DIP Water, CSS Backfill (Change Order 1)
LF
20.00
$162.00
$3,240.00
112" Water Pipe, CSS Backfill (Change Order 1)
LF
(20.00)
$132.00
($2,640.00)
Ring Connection (Change Order 1)
EA
(1.00(
$105,000.00
($105,000.00)1
124"
Subtotal- Water Improvements
$4,020,129.00
Sewer Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Post -CCTV Inspection
LF
1,911.00
$6.00
$11,466.00
Manhole Vacuum Testing
EA
11.00
$500.00
$5,500.00
Trench Safety
LF
1,911.00
$4.00
$7,644.00
Trench Water Stops
EA
7.00
$750.00
$5,250.00
15" PVC Sewer Pipe SDR-26
LF
345.00
$326.00
$112,470.00
15" DIP Sewer Pipe
LF
246.00
$396.00
$97,416.00
18" Epoxy Coated Ductile Iron Sewer Pipe
LF
226.00
$425.00
$96,050.00
30" Fiberglass Reinforced Sewer Pipe
LF
1,343.00
$426.00
$572,118.00
24" Casing By Open Cut
LF
289.00
$420.00
$121,380.00
36" Casing By Open Cut
LF
226.00
$620.00
$140,120.00
48" Casing By Open Cut
LF
30.00
$820.00
$24,600.00
15" Sewer Pipe, CSS Backfill
LF
20.00
$346.00
$6,920.00
18" DIP Sewer, CSS Backfill
LF
141.00
$456.00
$64,296.00
30" Fiberglass Sewer Pipe, CSS Backfill
LF
20.00
$466.00
$9,320.00
4' Manhole
EA
3.00
$8,000.00
$24,000.00
4' Drop Manhole
EA
2.00
$9,000.00
$18,000.00
5' Manhole
EA
7.00
$10,000.00
$70,000.00
Concrete Collar for Manhole
EA
11.00
$1,000.00
$11,000.00
Remove 4' Sewer Manhole
EA
1.00
$3,500.00
$3,500.00
WAGER 3000 Manhole Scrubber
EA
1.00
$18,500.00
$18,500.00
4' Extra Depth Manhole
VF
60.90
$275.00
$16,747.50
5' Extra Depth Manhole
VF
70.00
$325.00
$22,750.00
Epoxy Manhole Liner
VF
197.60
$485.00
$95,836.00
Concrete Riprap
Sy
252.00
$82.00
$20,664.00
Post -CCTV Inspection (Change Order 1)
LF
378.00
$6.00
$2,268.00
Manhole Vacuum Testing (Change Order 1)
EA
4.00
$500.00
$2,000.00
Trench Safety (Change Order 1)
LF
378.00
$4.00
$1,512.00
Trench Water Stops (Change Order 1)
EA
(3.00)
$750.00
($2,250.00)
112" Sanitary Sewer Pipe (Change Order 1)
LF
2.00
$276.00
$552.00
115" Sanitary Sewer Pipe (Change Order 1)
LF
24.00
$326.00
$7,824.00
120" Casing by Open Cut (Change Order 1)
LF
(5.00)
$320.00
($1,600.00)
124" Casing by Open Cut (Change Order 1)
LF
(159.00)
$420.00
($66,780.00)
136" Casing by Open Cut (Change Order 1)
LF
(8.00)
$620.00
($4,960.00)
118" DIP Sanitary Sewer, CSS Backfill (Change Order 1)
LF
(141.00)
$456.00
($64,296.00)
14' Manhole (Change Order 1)
EA
1.00
$8,000.00
$8,000.00
14' Drop Manhole (Change Order 1)
EA
3.00
$9,000.00
$27,000.00
15' Manhole (Change Order 1)
EA
(2.00)
$10,000.00
($20,000.00)
14' Extra Depth Manhole (Change Order 1)
VF
(53.00)
$275.00
($14,575.00)
Concrete Collar for Manhole (Change Order 1)
EA
4.00
$1,000.00
$4,000.00
Concrete Rip Rap (Change Order 1)
If
(10.00)
$82.00
($820.00)
115" DIP Sanitary Sewer (Change Order 1)
LF
(46.00)
$396.00
($18,216.00)
118" Epoxy Coated D.I. Sanitary Sewer Pipe (Change Order 1)
LF
(226.00)
$425.00
($96,050.00)
118" Epoxy Coated D.I. Sanitary Sewer Pipe, CSS Backfill (Change Order 1)
LF
359.00
$456.00
$163,704.00
15' Drop Manhole (Change Order 1)
EA
1.00
$11,000.00
$11,000.00
Deep Trench Deduct (Change Order 1)
LS
(1.00)
$140,550.00
($140,550.00)1
Subtotal - Sewer Improvements
1
$1,373,310.50
Storm Drainage Improvements
Item Description
I Unit I
Quantity I
Unit Price I
Total Item Cast
RC Pipe (CL III)(24")
TXDOT Drivewav
LF
113.00
$115.00
$12,995.00
112" Rip Rap (Stone Common)(Grout)
CV
23.00
$435.00
$10,005.00
124" Headwall (PSET-SP)
EA
2.00
$4,500.00
$9,000.00
124" Headwall (CH -FW-0)
EA
1.00
$4,500.00
$4,500.00
(Remove SIR (Headwall)
EA
1.00
$1,500.00
$1,500.00
124" RCP CL III (Change Order 1)
LF
(113.00)
$115.00
($12,995.00)
(Headwall (PSET-SP) 24" (Change Order 1)
EA
(1.00{
$4,500.00
($4,500.00)
(Headwall (CH-FW-0) 24" (Change Order 1)
EA
(1.00)
$4,500.00
($4,500.00)
14X2 RCB (Change Order 1)
LF
127.00
$240.00
$30,480.00
402 Headwall (Change Order 1)
EA
2.00
$6,500.00
$13,000.00
Subtotal - Storm Drainage Improvements
$59,485.00 +I
Other Soft and Miscellaneous Costs
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Engineering, Surveying, Staking
LS
1
$1,537,500
$1,537,5001
Construction Materials Testing
LS
1
$15,000
$15,000
1ErosionControl &SWPPP
LS
1
$15,000
$15,000
City of Fort Worth Fees
LS
1
$361,702
$361,702
Bonding Fees (Maintenance, Payment, Performance, Development)
LS
1
$166,933
$166,933
Easement and Right -of -Way Dedication
LS
1
$325,000
$325,000
Construction Management
%
5%
$6,555,449
$327,772
Subtotal - Other Soft and Miscellaneous Costs
$2,748,907.12
oadway Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
)Unclassified Excavation - Public ROW
CV
48,270.00
$4.75
$229,282.50)
Hydrated Lime (3681ST)
TN
232.00
$275.00
$63,800.00 1
8" Lime Treatment (3681ST)
SY
12,860.00
$5.00
$64,300.00 )
10" Conc Pvmt
SY
12,040.00
$108.00
$1,300,320.00 )
Barrier Free Ramp, Type P-1
EA
4.00
$2,400.00
$9,600.00 1
Topsoil
CV
786.00
$28.00
$22,008.00 1
Seeding, Hydromulch
SY
7,070.00
$2.00
$14,140.00 )
1 4" Conc Sidewalk
SF
36,690.00
$4.25
$155,932.50 )
Construct Std Pvmt Header
LF
85.00
$30.00
$2,550.00 1
Pedestrian Hand Rail
LF
100.00
$140.00
$14,000.00 1
Construct Barricade
EA
2.00
$800.00
$1,600.001
4" (White) Dashed Stripe w/ Raised Pavement Markers
LF
3,579.00
$3.00
$10,737.00 1
8" (White) Solid Stripe w/ Raised Pavement Markers
LF
657.00
$4.00
$2,628.00)
Lane Legend (Arrow)
EA
11.00
$500.00
$5,500.00)
Lane Legend (Only)
EA
11.00
$500.00
$5,500.00)
12" (White) 3'-9' Dotted Lane Drop Line
LF
344.00
$10.00
$3,440.001
6" (White) Solid Stripe w/ 18" (White) Solid Stripes (In Ceveron Pattern)
SF
1,065.00
$4.00
$4,260.00)
Furnish/Install Alum Sign Ground Mount City Std. - Stop w/ Street Name Blades (R1-1)
EA
1.00
$1,000.00
$1,000.00)
Furnish/Install Alum Sign Ground Mount City Std. - Speed Limit (R2-1)
EA
3.00
$500.00
$1,500.001
Furnish/Install Alum Sign Ground Mount City Std. - Left Turn Only (R3 -5L)
EA
2.00
$500.00
$1,000.00)
Furnish/Install Alum Sign Ground Mount City Std. - Stop Here For Pedestrians (R1 -5b)
EA
1.00
$500.00
$500.00 1
Furnish/Install Alum Sign Ground Mount City Std. - Left, Left, Right Only (R3-BLLR)
EA
4.00
$500.00
$2,000.00)
Furnish/Install Alum Sign Ground Mount City Std. - Right Lane Must Turn Right (R3 -7R)
EA
2.00
$500.00
$1,000.00)
Furnish/Install Elec Sery Pedestal
EA
1.00
$10,500.00
$10,500.00)
2" Condt PVC SCH 80 (T)
LF
2,992.00
$15.00
$44,880.00)
Rdwy Ilium Foundation TV 3,5,6, and 8
EA
16.00
$1,800.00
$28,800.00)
Rdwy Ilium TV 18 Pole
EA
16.00
$3,400.00
$54,400.00)
Install Type 33A Arm
EA
22.00
$600.00
$13,200.00)
Type 82 Luminaire
EA
22.00
$750.00
$16,500.00)
Electric Overhead Line Burying Allowance
LS
1.00
$25,000.00
$25,000.00
Subtotal - Roadway Improvements
$2,109,878.00
Water improve
Item Description
Unit
Quantity
Unit Price
Total Item Cost Il
Trench Safety
LF
2,147.00
$2.00
$4,294.00)
12" PVC Water Pipe
LF
2,071.00
$112.00
$231,952.001
12" DIP Water
LF
36.00
$142.00
$5,112.001
12" Gate Valve
EA
8.00
$4,500.00
$38,000.00)
Ductile Iron Water Fittings w/ Restraint
TON
2.47
$9,500.00
$23,484.00)
2" Combination Air Valve Assembly for Water
EA
1.00
$14,500.00
$14,500.00)
20" Casing By Open Cut
LF
20.00
$320.00
$6,400.00)
12" Water Pipe, CSS Backfill
LF
40.00
$132.00
$5,280.00)
Water Testing (Excluding Geotech)
LF
2,147.00
$1.00
$2,147.00
Subtotal - Water Improvements
$329,169.00
!Sewer Improvements'
Item Description
Subtotal - Sewer Improvements
!Storm Drainage Improvements
Item Description
Trench Safety
Post -CCTV Inspection
21" RCP, Class III
24" RCP, Class III
27" RCP, Class III
6x3 Box Culvert
4' Storm Junction Box
10' Recessed Inlet
15' Recessed Inlet
12" Rock Riprap
(2)-6'x3' PW-1 4:1 Sloped End Wingwall
Subtotal - Storm Drainage Improvements
Unit Quantity Unit Price Total Item Cost
$0.00
Unit
Quantity
Unit Price
Total Item Cost
LF
544.00
$2.00
$1,088.001
LF
544.00
$2.00
$1,088.001
LF
119.00
$75.00
$8,925.001
LF
183.00
$85.00
$15,555.001
LF
8.00
$105.00
$840.001
LF
234.00
$450.00
$105,300.00)
EA
2.00
$5,500.00
$11,000.00)
EA
2.00
$5,000.00
$10,000.00)
EA
2.00
$6,000.00
$12,000.00)
5Y
192.00
$125.00
$24,000.00)
EA
2.00
$19,950.00
$39,900.00
$229,696.00 +I
Public Landscaping, Trails and Parks
)Item Description
Unit
Quantity
Unit Price
Total Item Cost
Public Landscape, Irrigation & Hardscape Allowance
LS
1.00
$675,000.00
$675,000.00
Subtotal - Public Landscaping, Trails and Parks
$675,000.00
Cher Soft and Miscel
Item Description
Unit
Quantity
Unit Price
Total Item Cost
)Construction Materials Testing
LS
1
$120,449
$120,4491
Erosion Control &SWPPP
LS
1
$10,000
$10,000)
Easement and Right -of -Way Dedication
LS
1
$345,000
$345,000)
Construction Management
%
St)
$3,343,743
$167,187
Subtotal - Other Soft and Miscellaneous Costs
$642,636.15
Water Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Mobilization
LS
1.00
$7,500.00
$7,500.001
Remove 12" Water Line
LF
110.00
$40.00
$4,400.00
Remove 16" Water Line
LF
30.00
$60.00
$1,800.00
14"-12"Water Abandonment Plug 6"
EA
2.00
$1,500.00
$3,000.00
ISalvage Fire Hydrant
EA
3.00
$1,000.00
$3,000.00
112" PVC Water Pipe (Restrained Joints)
LF
580.00
$142.00
$82,360.00
116" DIP Water
LF
10.00
$322.00
$3,220.00
116" PVC C900 Water Pipe (Restrained Joints)
LF
126.00
$262.00
$33,012.00
14' Wide Asphalt Pvmt Repair, Residential
LF
599.00
$48.00
$28,752.00
I5' Wide Asphalt Pvmt Repair, Residential
LF
136.00
$60.00
$8,160.00
Asphalt Pvmt Repair Beyond Defined Width, Arterial
ST
155.00
$108.00
$16,740.00
130" Casing By Open Cut
LF
102.00
$420.00
$42,840.00
IFire Hydrant
EA
3.00
$6,500.00
$19,500.00
112" Gate Valve
EA
4.00
$6,000.00
$24,000.00
I1" Water Service, Meter Reconnection
EA
3.00
$2,500.00
$7,500.00
I1" Bored Water Service
EA
5.00
$3,500.00
$17,500.00
IConnection to Existing 16" Water Main
EA
3.00
$10,500.00
$31,500.00
Connection to Existing 4"-12" Water Main 8"
EA
2.00
$3,500.00
$7,000.00
IConnection to Existing 4"-12" Water Main 6"
EA
1.00
$2,500.00
$2,500.00
116" Gate Valve with Vault
EA
1.00
$26,500.00
$26,500.00
116" x 12" Tapping Sleeve & Valve
EA
1.00
$24,500.00
$24,500.00
(Ductile Iron Water Fittings
TONS
4.00
$9,500.00
$38,000.00
ITraffic Control
LS
1.00
$6,500.00
$6,500.00
Waterline Sterilization and Pressure Testing
LF
716.00
$4.00
$2,864.00
ITrench Safety
LF
716.00
$2.00
$1,432.00
Right of Way Clearing, Restoration, and Seeding of Disturbed Areas
LF
716.00
$10.00
$7,160.00
Comply with TPDES Construction General Permit TXR 150000
LS
1.00
$3,500.00
$3,500.00
(Mobilization (Change Order 1)
LS
0.50
$7,500.00
$3,750.00
Remove 12" Water Line (Change Order 1)
LF
(110.00(
$40.00
($4,400.00)
Remove 16" Water Line (Change Order 1)
LF
(30.00(
$60.00
($1,800.00)
ISainage Fire Hydrant (Change Order 1)
EA
(1.00)
$1,000.00
($1,000.00)
112" WTR Pipe (PVC Restrained) (Change Order 1)
LF
412.00
$142.00
$58,504.00
116" DIP Water (Change Order 1)
LF
(10.00)
$322.00
($3,220.00)
116" PVC C900 Water Pipe (Restrained Joints) (Change Order 1)
LF
(126.00)
$262.00
($33,012.00)
130" Casing by Open Cut (Change Order 1)
LF
(102.00)
$420.00
($42,840.00)
(Fire Hydrant (Change Order 1)
EA
(1.00)
$6,500.00
($6,500.00)
112" Gate Valve (Change Order 1)
EA
1.00
$6,000.00
$6,000.00
Connection to Existing 16" Water Main (Change Order 1)
EA
(2.00)
$10,500.00
($21,000.00)
116" Gate Valve with Vault (Change Order 1)
EA
(1.00)
$26,500.00
($26,500.00)
(Ductile Iron Water Fittings (Change Order 1)
TON
(1.30)
$9,500.00
($12,302.50)
ITraffic Control (Change Order 1)
LS
0.50
$6,500.00
$3,250.00
Waterline Sterilization and Pressure Testing (Change Order 1)
LF
296.00
$4.00
$1,184.00
ITrench Safety (Change Order 1)
LF
296.00
$2.00
$592.00
Right of Way Clearing, Restoration, and Seeding of Disturbed Areas (Change Order 1)
LF
296.00
$10.00
$2,960.00
Comply with TPDES Construction General Permit (Change Order 1)
LS
0.50
$3,500.00
$1,750.00
IConc Collar for Valves (Change Order 1)
EA
2.00
$2,000.00
$4,000.00
112" DIP PIPE (Change Order 1)
LF
20.00
$162.00
$3,240.00
IConn to Ex 16" WTR Main (Change Order 1)
EA
1.00
$10,000.00
$10,000.00
14' W Asphalt Pvmt Repair, Resid (12" WTR)
LF
435.00
$40.00
$17,400.00
16" x 12" Tapping Sleeve & Valve
EA
1.00
$28,500.00
$28,500.00
Subtotal - Water Improvements
$443,295.50
Sewer Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
RMV 655 Line (Change Order 1)
LF
94.00
$50.00
$4,700.00 1
RMV 4" SS MH (Change Order 1)
EA
1.00
$3,500.00
$3,500.00
IMH Vacuum Testing (Change Order 1)
EA
2.00
$250.00
$500.00
Post CCTV Inspection (Change Order 1)
LF
94.00
$10.00
$940.00
Bypass Pumping (Change Order 1)
LS
1.00
$15,000.00
$15,000.00
ITrench Safety (Change Order 1)
LF
94.00
$10.00
$940.00
IConc Collar For MHS (Change Order 1)
EA
2.00
$2,000.00
$4,000.00
116" Casing by Open Cut (Change Order 1)
LF
94.00
$420.00
$39,480.00
18" DIP 55 Pipe (W/ Protecto 401) (Change Order 1)
LF
94.00
$186.00
$17,484.00 1
1Epoxy MH Liner (Change Order 1)
CF
6.44
$435.00
$2,801.40
14' MH - W/ CSS Encase 1' Around (Change Order 1)
EA
2.00
$7,800.00
$15,600.00 1
ITraffin Control (TXDOT ROW) (Change Order 1)
LS
1.00
$9,500.00
$9,500.00
IROW Clear, Restore, & SEED DIST AREA (Change Order 1)
LF
110.00
$20.00
$2,200.00
I5' W ASPHLT PVMT REPAIR, RESID (8" SS - 16" Encase) (Change Order 1;
LF
110.00
$72.00
$7,920.00
PVMT REPAIR BYND DEF WIDTH, ART (Change Order 1)
ST
61.00
$80.00
$4,880.00
�ASPHLT
Subtotal - Sewer Improvements
$129,445.40 +I
Storm Drainage Improvements
Item Description I Unit I Quantity I Unit Price I Total Item Cost
Subtotal -Storm Drainage Improvements $0.00
Public Landscaping, Trails and Parks
Item Description
Subtotal - Public Landscaping, Trails and Parks
Other Soft and Miscellaneous Costs
Item Description
Engineering, Surveying, Staking
Construction Materials Testing
Erosion Control & SWPPP
City of Fort Worth Fees
Construction Management
Subtotal - Other Soft and Miscellaneous Costs
Unit I Quantity I Unit Price I Total Item Cost
$0.00
Unit
Quantity
Unit Price
Total Item Cost
LS
1
$18,890.31
$18,890.31
LS
1
$5,780.00
$5,780.00 1
LS
1
$2,500.00
$2,500.00
LS
1
$29,854.47
$29,854.47 1
%
5%
$572,741
$28,6371
$85,661.83 +I
(1UTHORIZED IMPROVEMENTS
Roadway Improvements
$1,102,524
Water Improvements
$4,020,129
Sewer Improvements
$1,373,311
Storm Drainage Improvements
$59,485
Public Landscaping, Trails and Parks
$0
Other Soft and Miscellaneous Costs
$2,748,907
Subtotal -AUTHORIZED IMPROVEMENTS
$9,304,356
Roadway Improvements
$2,109,878
Water Improvements
$329,169
Sewer Improvements
$0
Storm Drainage Improvements
$229,696
Public Landscaping, Trails and Parks
$675,000
Other Soft and Miscellaneous Costs
$642,636
Subtotal - BEAR CREEK IMPROVEMENTS
$3,986,379
Roadway Improvements
$0
Water Improvements
$443,296
Sewer Improvements
$129,445
Storm Drainage Improvements
$0
Public Landscaping, Trails and Parks
$0
Other Soft and Miscellaneous Costs
$85,662
Subtotal - KENWOOD LONGVUE IMPROVEMENTS
$658,403
TOTAL - IMPROVEMENT AREA 84
Roadway Improvements
$3,212,402
Water Improvements
$4,792,594
Sewer Improvements
$1,502,756
Storm Drainage Improvements
$289,181
Public Landscaping, Trails and Parks
$675,000
Other Soft and Miscellaneous Costs
$3,477,205
February 26, 2026
469.621.0710
TBPELS F-1386
TBPELS 10110501
www.LJA.com
6060 North Central Expressway, Suite 400, Dallas, Texas 75206
Re: Engineer's Report
Maverick Phase 1
Fort Worth, Texas
Maverick is a proposed single-family development anticipated to include approximately 500 residential
lots in Fort Worth, Texas. Phase 1 is comprised of 136 residential lots, and is currently under
construction. The proposed authorized infrastructure improvements associated with Phase 1 of the
development are shown in the attached exhibits. A quantity takeoff and associated construction cost
summary has been prepared based on executed contractor bids, and construction costs associated
with authorized improvements have been quantified. Authorized Improvements are categorized as any
public utility infrastructure (public drainage and public water and sanitary sewer lines greater than 8"
in diameter) serving Maverick Phase 1 and commercial, improvements associated with Bear Creek
Parkway (a City of Fort Worth MTP arterial roadway), a new signalized intersection at Bear Creek
Parkway and Highway 377, a TxDOT driveway, deceleration lane and related improvements, and
improvements associated with Kenwood Longvue (an off site water project required to provide
adequate water capacity to serve Maverick Phase 1). All Authorized Improvements are necessary in
order to provide utilities and access to Maverick Phase 1 residential lots.
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02.26.2026
S \NTX-LAND\0002\NT840\700 COMMUNICATIONS\720 Memo\Maverick Phase 1 Letter 26FEB19.docx
Storm Drainage Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Post -CCTV Inspection of Storm Dra in
LF
574.00
$4.00
$2,296.00
ITrench Safety
LF
574.00
$2.00
$1,148.00
121" RCP, Class III
LF
226.00
$85.00
$19,210.00
124" RCP, Class III
LF
348.00
$95.00
$33,060.00
110' Curb Inlet
EA
5.00
$4,600.00
$23,000.00
115' Curb Inlet
EA
7.00
$5,600.00
$39,200.00
Convert 4'X4' Drop Inlet into 4' Square Manhole
EA
2.00
$6,500.00
$13,000.00
Remove 4'X4' Drop Inlet
EA
3.00
$2,500.00
$7,500.00
Inlet Protection
EA
12.00
$250.00
$3,000.00
Post -CCTV Inspection of Storm Drain
LF
4,274.00
$4.00
$17,096.00
ITrench Safety
LF
4,274.00
$2.00
$8,548.00
121" RCP, Class III
LF
509.00
$75.00
$38,175.00
124" RCP, Class III
LF
1,151.00
$85.00
$97,835.00
127" RCP, Class III
LF
287.00
$105.00
$30,135.00
130" RCP, Class III
LF
333.00
$115.00
$38,295.00
136" RCP, Class III
LF
993.00
$160.00
$158,880.00
142" RCP, Class III
LF
299.00
$200.00
$59,800.00
148" RCP, Class III
LF
15.00
$235.00
$3,525.00
154" RCP, Class III
LF
349.00
$285.00
$99,465.00
14' Storm Junction Box
EA
6.00
$7,500.00
$45,000.00 1
15' Storm Junction Box
EA
5.00
$7,928.57
$39,642.85
14' Stacked Manhole
EA
2.00
$15,000.00
$30,000.00
16' Storm Junction Box
EA
2.00
$10,500.00
$21,000.00
110' Curb Inlet
EA
23.00
$4,000.00
$92,000.00
115' Curb Inlet
EA
5.00
$5,000.00
$25,000.00
Dual 3x3 MBC
LF
338.00
$560.00
$189,280.00
12-10" X 6' Junction Box
EA
1.00
$28,500.00
$28,500.00
112-10" X 10'-6" Junction Box
EA
1.00
$50,500.00
$50,500.00
124" 4:1 Sloped End HW
EA
1.00
$3,500.00
$3,500.00
130" 4:1 Sloped End HW
EA
1.00
$4,500.00
$4,500.00
Dual 3'x3' 4:1 Sloped End HW
EA
1.00
$18,500.00
$18,500.00
136" 4:1 Sloped End HW
EA
1.00
$6,500.00
$6,500.00
142" 4:1 Sloped End HW
EA
1.00
$8,500.00
$8,500.00
112" Large Stone Type "A" Dry Rip Rap
SY
283.00
$165.00
$46,695.00
Subtotal - Storm Drainage Improvements
$1,309,285.85 1{
Other Soft and Miscellaneous Costs
Item Description Unit Quantity Unit Price Total Item Cost
Easement and Right -of -Way Dedication LS 1.00 $55,605.31 $55,605.31
Construction Management Fee % 5% $1,309,285.85 $65,464.29
Contingency % 5% $1,364,891.16 $68,244.56
Subtotal - Storm Drainage Improvements $189,314.16
Water Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
112" Waterline Lowering
EA
1.00
$6,500.00
$6,500.00
ITrench Safety
LF
2,130.00
$2.00
$4,260.00
Ductile Iron Water Fittings w/ Restraint
TON
3.77
$10,500.00
$39,585.00
112" Water Pipe
LF
1,315.00
$102.00
$134,130.00
112" DIP Water
LF
73.00
$112.00
$8,176.00
112" DIP Water, CLSM Backfill
LF
64.00
$142.00
$9,088.00
116" Water Pipe
LF
577.00
$122.00
$70,394.00
116" DIP Water
LF
41.00
$182.00
$7,462.00
116" DIP Water, CLSM Backfill
LF
60.00
$212.00
$12,720.00
1 Fire Hydrant
EA
2.00
$7,500.00
$15,000.00
112" Gate Valve
EA
6.00
$4,500.00
$27,000.00
116" Gate Valve w/ Vault
EA
3.00
$28,500.00
$85,500.00
12" Combination Air Valve Assembly for Water
EA
1.00
$14,500.00
$14,500.00
Connection to Existing 4"-12" Water Main
EA
1.00
$1,000.00
$1,000.00
11" Irrigation Service
EA
2.00
$1,500.00
$3,000.00
116" Waterline Lowering
EA
4.00
$7,500.00
$30,000.00
Subtotal - Water Improvements
$468,315.00
Sewer Improvement
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Post -CCTV Inspection
LF
1,961.00
$4.00
$7,844.00
Final MH-CCTV Inspection
EA
12.00
$400.00
$4,800.00
Manhole Vacuum Testing
EA
12.00
$200.00
$2,400.00
ITrench Safety
LF
1,961.00
$2.00
$3,922.00
Concrete Collar for Manhole
EA
5.00
$1,500.00
$7,500.00
ITrench Water Stops
EA
7.00
$350.00
$2,450.00
130" Casing By Open Cut
LF
20.00
$380.00
$7,600.00
116" Sewer Carrier Pipe
LF
20.00
$258.00
$5,160.00
115" Sewer Pipe
LF
1,771.00
$178.00
$315,238.00
115" Sewer Pipe, CSS Backfill
LF
150.00
$208.00
$31,200.00
116" DIP Sewer
LF
20.00
$258.00
$5,160.00
Epoxy Manhole Liner
VF
142.00
$485.00
$68,870.00
14' Manhole
EA
8.00
$4,800.00
$38,400.00
14'Extra Depth Manhole
VF
70.00
$225.00
$15,750.00
14' Manhole W/ Hydraulic Slide
EA
4.00
$6,800.00
$27,200.00
Connect to Existing 15" Sewer Stub
EA
1.00
$5,500.00
$5,500.00
I End and Plug 15" PVC
EA
1.00
$2,000.00
$2,000.00
(Subtotal - Sewer Improvements
$550,994.00
Other Soft and Miscellaneous Costs
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Preliminary Plat Application Fee
LS
1.00
$1,767.21
$1,767.21
ISWFMA-25-0031 Application Fee
LS
1.00
$714.37
$714.37
Final Plat Application Fee
LS
1.00
$3,375.83
$3,375.83
IIPRC Review Fee
LS
1.00
$15,895.80
$15,895.80
IPRC Inspection Fees
LS
1.00
$58,882.74
$58,882.74
Engineering/Surveying
LS
1.00
$300,469.32
$300,469.32
Final Geotechinical Report & Testing
LS
1.00
$26,894.27
$26,894.27
Construction Management
%
5%
$1,019,309.00
$50,965.45
IContingency
%
5%
$1,427,308.54
$71,365.43
Subtotal - Other Soft and Miscellaneous Costs
$530,330.42
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Clearing & Grubbing
ACRE
2.40
$725.00
$1,740.001
Unclassified Excavation
CY
12,649.00
$3.20
$40,476.801
Erosion Control
LS
1.00
$3,196.95
$3,196.95
Retaining Walls
LS
1.00
$321,261.00
$321,261.001
Hydrated Lime (32 Ibs/sy for Residential & 42 Ibs/sy for Orchard Way)
TON
156.70
$275.00
$43,092.501
16" Lime Treatment
SY
177.00
$4.00
$708.001
I8" Lime Treatment
SY
7,326.00
$5.00
$36,630.001
16" Conc Pvmt
SY
176.00
$62.00
$10,912.001
14" Conc Sidewalk
SF
17,490.00
$4.25
$74,332.501
Barrier Free Ramp, Type P-1
EA
8.00
$2,400.00
$19,200.001
ITopsoil
CY
322.00
$28.00
$9,016.001
Block Sod Placement
SY
1,934.00
$8.00
$15,472.001
17.5" Conc Pvmt
SY
6,950.00
$78.00
$542,100.001
Construct Type Ill Barricade
EA
1.00
$800.00
$800.001
IConstruct Std. Pvmt Header
LF
37.00
$25.00
$925.001
Remove Barricade and Connect to Existing Pavement Header
EA
1.00
$1,000.00
$1,000.001
12" CONDT PVC SCH 80 (T)
LF
1,714.00
$15.00
$25,710.001
1Install Type 33B Arm
EA
9.00
$600.00
$5,400.001
Furnish/Install 120-240 Volt Single Phase Metered Pedestal
EA
1.00
$10,500.00
$10,500.001
Rdwy Ilium Assembly TY 8,11,D-25, and D-30
EA
9.00
$2,500.00
$22,500.001
I R2
EA
9.00
$750.00
$6,750.001
Rdwy Ilium Foundation TY 1,2, and 4
EA
9.00
$1,200.00
$10,800.001
NO 2 Insulated Elec Condr
LF
1,714.00
$8.00
$13,712.001
IType B Ground Box W/ Apron
EA
5.00
$750.00
$3,750.001
Subtotal - Roadway Improvements $1,219,984.75
Storm Drainage Improvements
I Item Description Unit Quantity Unit Price Total Item Cost
I Post -CCTV Inspection of Storm Drain
LF
1,108.00
$4.00
$4,432.00
ITrench Safety
LF
1,108.00
$2.00
$2,216.00
121" RCP, Class III
LF
215.00
$75.00
$16,125.00
124" RCP, Class III
LF
174.00
$85.00
$14,790.00
130" RCP, Class III
LF
67.00
$115.00
$7,705.00
136" RCP, Class III
LF
652.00
$160.00
$104,320.00
14' Storm Junction Box
EA
1.00
$5,500.00
$5,500.00
15' Storm Junction Box
EA
2.00
$7,928.57
$15,857.14
110' Curb Inlet
EA
6.00
$4,000.00
$24,000.00
14' X 4' Drop Inlet
EA
3.00
$4,500.00
$13,500.00
1 Inlet Protection
EA
9.00
$250.00
$2,250.00
Subtotal - Storm Drainage Improvements $210,695.14
Public Landscaping, Trails and Parks
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Sod
SF
81,194.40
$0.70
$56,836.08
Fine Grade
SF
81,194.40
$0.05
$4,059.72
Trees
EA
64.00
$700.00
$44,800.00
Permits and Inspetion, Design
EA
1.00
$7,000.00
$7,000.00
Irrigation
LS
1.00
$35,000.00
$35,000.00
Subtotal - Public Landscaping, Trails and Parks
$147,695.80
1Other Soft Costs and Miscellaneous Items
IIfem Description
Unit
Quantity
Unit Price
Total Item Cost
Easement and Right -of -Way Dedication
LS
1.00
$300,000.00
$300,000.00
Construction Management
%
5%
$1,578,375.69
$78,918.78
Contingency
%
5%
$1,878,375.69
$93,918.78
Subtotal- Other Soft and Miscellaneous Costs
$472,837.57
r
ewer Improvements
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Piping and Valve Submittals
LS
1.00
$10,000.00
$10,000.00
Mobilization
LS
1.00
$10,000.00
$10,000.00
IBonds
LS
1.00
$15,000.00
$15,000.00
Valve Procurement
LS
1.00
$10,000.00
$10,000.00
Discharge Piping Installation
LS
1.00
$18,891.00
$18,891.00
Lift Station and Vault Piping and Valve Installation
LS
1.00
$20,000.00
$20,000.00
Pump Submittals
LS
1.00
$10,000.00
$10,000.00
Pump Procurement
LS
1.00
$41,107.00
$41,107.00
lAir Release Valve and Piping Installation
LS
1.00
$10,000.00
$10,000.00
ISwing Check Valve Installation
LS
1.00
$15,000.00
$15,000.00
Riser Discharge Piping Installation
LS
1.00
$15,000.00
$15,000.00
Gate Valve Installation
LS
1.00
$15,000.00
$15,000.00
Pump 2 Propeller Installation
LS
1.00
$16,532.00
$16,532.00
Pump 3 Propeller Installation
LS
1.00
$16,532.00
$16,532.00
Completion of All Electrical Submittals
LS
1.00
$20,000.00
$20,000.00
Electrical and Controls Installation
LS
1.00
$79,368.00
$79,368.00
Bypass Pump Submittal
LS
1.00
$10,000.00
$10,000.00
Bypass Pump Mobilization
LS
1.00
$15,000.00
$15,000.00
Bypass Installation
LS
1.00
$25,000.00
$25,000.00
Bypass Pump Schedule Days
Days
12.00
$4,080.83
$48,969.96
Bypass Pump Monitoring
Days
12.00
$2,488.34
$29,860.08
Subtotal - Sewer Improvements
$451,260.04
Other Soft Costs and Miscellaneous Items
Item Description
Unit
Quantity
Unit Price
Total Item Cost
IIPRC Application Fee
LS
1.00
$1,000.00
$1,000.00
ICFAAppliction Fee
LS
1.00
$2,508.75
$2,508.75
IPRC Inspection Fees
LS
1.00
$75,937.50
$75,937.50
Engineeering/Surveying
LS
1.00
$65,000.00
$65,000.00
Construction Management
%
5%
$451,260.04
$22,563.00
Contingency
%
5%
$595,706.29
$29,786.00
Subtotal - Sewer Improvements
$196,795.25
Storm Drainage Improvements $1,309,286
Other Soft and Miscellaneous Costs $189,314
Subtotal - RESIDENTIAL IMPROVEMENTS $1,498,600
Water Improvements
$468,315
Sewer Improvements
$550,994
Other Soft and Miscellaneous Costs
$530,330
Subtotal - AUTHORIZED IMPROVEMENTS
$1,549,639
ORCHARD WAY
Roadway Improvements
$1,219,985
Storm Drainage Improvements
$210,695
Public Landscaping, Trails and Parks
$147,696
Other Soft and Miscellaneous Costs
$472,838
Subtotal - ORCHARD WAY
$1,578,376
LIFT STATION PHASE 2 UPGRADES
Sewer Improvements
$451,260
Other Soft and Miscellaneous Costs
$196,795
Subtotal - LIFT STATION PHASE 2 UPGRADES
$648,055
TOTAL - IMPROVEMENT AREA #5
Roadway Improvements
$1,219,985
Water Improvements
$468,315
Sewer Improvements
$1,002,254
Storm Drainage Improvements
$1,519,981
Public Landscaping, Trails and Parks
$147,696
Other Soft and Miscellaneous Costs
$1,389,277
February 26, 2026
469.621.0710
TBPELS F-1386
TBPELS 10110501
www.LJA.com
6060 North Central Expressway, Suite 400, Dallas, Texas 75206
Re: Engineer's Report
Ventana Phase 8
Fort Worth, Texas
Ventana Phase 8 is a proposed single-family development comprised of approximately 277 residential
lots in Fort Worth, Texas. Phase 8A is comprised of 95 residential lots, and is currently under
construction. Phase 8B is comprised of 182 residential lots, and is also currently under construction.
The proposed authorized infrastructure improvements associated with Phase 8 of the development
are shown in the attached exhibits. A quantity takeoff and associated construction cost summary has
been prepared based on executed contractor bids, and construction costs associated with authorized
improvements have been quantified. Authorized Improvements are categorized as any public utility
infrastructure (public drainage, water and sanitary sewer lines greater than 8" in diameter) serving
Ventana Phase 8, improvements associated with Orchard Way (a 60' wide right-of-way Collector
Road), and improvements associated with the Ventana Lift Station Phase 2 Upgrades (a lift station
upgrade project needed to provide adequate sewer capacity to serve Ventana Phase 8). All Authorized
Improvements are necessary in order to provide utilities and access to Ventana Phase 8 residential
lots.
��Pt6 OFrFrl�
O...* ..::.....................:.
JAMIE SHELTON
126873
oNAL
. M
02.26.2026
S \NTX-LAND\0002\NT840\700 COMMUNICATIONS\720 Memo\Ventana Phase 8 Letter 26FEB19.doex
WATER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
(Trench Safety
LF
320
$2.00
640.00
Ductile Iron Water Fittings w/ Restraint
TON
1.57
$11,500.00
$18,055.00
112" Water Pipe
LF
208.00
$100.00
$20,800.00
112" Water Pipe, CLSM Backfill
LF
40.00
$130.00
$5,200.00
112" DIP Water
LF
32.00
$110.00
$3,520.00
112" DIP Water, CLSM Backfill
LF
40.00
$140.00
$5,600.00
Fire Hydrant
EA
1.00
$7,500.00
$7,500.00
Connection to Existing 4"-12" Water Main
EA
2.00
$1,000.00
$2,000.00
112" Gate Valve
EA
2
$4,500.00
$9,000.00
I8"x12" Cut In Tee (Change Order #2)
EA
1.00
$3,500.00
$3,500.00
ITrench Safety
LF
291.00
$2.00
$582.00
120" Casing By Open Cut
LF
14.00
$320.00
$4,480.00
Ductile Iron Water Fittings w/ Restraint
TON
0.55
$11,500.00
$6,325.00
112" DIP Water Pipe
LF
254.00
$100.00
$25,400.00
112" Water Pipe, CLSM Backfill
LF
20.00
$130.00
$2,600.00
112" DIP Water
LF
3.00
$110.00
$330.00
112" DIP Water, CLSM Backfill
LF
14.00
$140.00
$1,960.00
Fire Hydrant
EA
1.00
$7,500.00
$7,500.00
Connection to Existing 4"-12" Water Main
EA
2.00
$1,000.00
$2,000.00
112" Gate Valve
EA
2.00
$4,500.00
$9,000.00
11.5" Irrigation Service
EA
2.00
$2,500.00
$5,000.00
Subtotal - Water Improvements
140,992.00
SEWER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Post -CCTV Inspection
LF
139.00
$4.00
$556.00
Final MH-CCTV Inspection
EA
1.00
$400.00
$400.00
Manhole Vacuum Testing
EA
1.00
$200.00
$200.00
ITrench Safety
LF
139.00
$2.00
$278.00
ITrench Water Stops
EA
1.00
$350.00
$350.00
115" Sewer Pipe
LF
139.00
$164.00
$22,796.00
1 Epoxy Manhole Liner
VF
17.10
$485.00
$8,293.50
14' Drop Manhole
EA
1.00
$6,000.00
$6,000.00
14' Extra Depth Manhole
VF
11.10
$225.00
$2,497.50
(Connect to Existing 15" Sewer Stub
EA
1.00
$2,500.00
$2,500.00
'Subtotal - Sewer Improvements
$43,871.00
STORM DRAINAGE IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
( Post -CCTV Inspection of Storm Drain
LF
6,017.00
$4.00
$24,068.00
ITrench Safety
LF
6,017.00
$2.00
$12,034.00
121" RCP, Class III
LF
453.00
$73.00
$33,069.00
124" RCP, Class III
LF
2,354.00
$83.00
$195,382.00
127" RCP, Class III
LF
119.00
$103.00
$12,257.00
142" RCP, Class III
LF
1,219.00
$198.00
$241,362.00
148" RCP, Class III
LF
1,278.00
$233.00
$297,774.00
(6X6 Box Culvert
LF
344.00
$548.00
$188,512.00
(8X5 Box Culvert
LF
250.00
$618.00
$154,500.00
)4' Storm Junction Box
EA
10.00
$7,500.00
$75,000.00
)S' Storm Junction Box
EA
2.00
$8,500.00
$17,000.00
16' Storm Junction Box
EA
7.00
$9,500.00
$66,500.00
14' Manhole Cover
EA
1.00
$5,500.00
$5,500.00
)10' Curb Inlet
EA
11.00
$4,000.00
$44,000.00
)15' Curb Inlet
EA
18.00
$5,000.00
$90,000.00
120' Curb Inlet
EA
3.00
$6,000.00
$18,000.00
(4'X4' Drop Inlet
EA
1.00
$4,500.00
$4,500.00
)10' X 4' Junction Box
EA
1.00
$26,500.00
$26,500.00
)12' X 4' Junction Box
EA
1.00
$28,500.00
$28,500.00
124" 4:1 Sloped End HW
EA
2.00
$4,500.00
$9,000.00
16" X 4" SW -0 Wingwall
EA
1.00
$9,500.00
$9,500.00
16" X 6" SW -0 Wingwall
EA
2.00
$10,500.00
$21,000.00
) RCB to RCP Connection
EA
1.00
$1,500.00
$1,500.00
112" Large Stone Type "A" Dry Rip Rap
SY
211.00
$165.00
$34,815.00
( Remove 24" CH-PW-0 4:1 HW
EA
1.00
$2,500.00
$2,500.00
Remove 42" CH-PW-0 4:1 HW
EA
1.00
$3,500.00
$3,500.00
( Remove 42" SW -0 Wingwall
EA
1.00
$3,500.00
$3,500.00
(Connect to Existing Storm Line
EA
2.00
$2,500.00
$5,000.00
(Inlet Protection
EA
33.00
$250.00
$8,250.00
( Post -CCTV Inspection of Storm Drain (Change Order #2)
LF
296.00
$4.00
$1,184.00
ITrench Safety (Change Order #2)
LF
296.00
$2.00
$592.00
121" RCP, Class III (Change Order #2)
LF
13.00
$73.00
$949.00
124" RCP, Class III (Change Order #2)
LF
123.00
$83.00
$10,209.00
142" RCP, Class III (Change Order #2)
LF
65.00
$198.00
$12,870.00
(6X6 Box Culvert (Change Order #2)
LF
(18.00)
$548.00
($9,864.00)
)4' Storm Junction Box (Change Order#2)
EA
1.00
$7,500.00
$7,500.00
)5' Storm Junction Box (Change Order#2)
EA
1.00
$8,500.00
$8,500.00
(6'x6' SW -0 Wingwall (Change Order#2)
EA
(1.00)
$9,500.00
($9,500.00)
112" Large Stone Type "A" Dry Rip Rap (Change Order #2)
SY
399.00
$165.00
$65,835.00
136" RCP, Class III (Change Order #2)
LF
62.00
$133.00
$8,246.00
( Modified 15' Curb Inlet (Pond Outfall) (Change Order #2)
EA
1.00
$6,500.00
$6,500.00
Modified 20' Curb Inlet (Pond Outfall) (Change Order #2)
EA
1.00
$7,500.00
$7,500.00
(Concrete Weir & Drop Structure (Change Order#2)
EA
4.00
$42,500.00
$170,000.00
112" Large Stone Type "A" Grouted Rip Rap (Change Order #2)
SY
131.00
$225.00
$29,475.00
) Post -CCTV Inspection of Storm Drain
LF
7,842.00
$4.00
$31,368.00
ITrench Safety
LF
7,842.00
$2.00
$15,684.00
121" RCP, Class III
LF
1,058.00
$73.00
$77,234.00
124" RCP, Class III
LF
2,383.00
$83.00
$197,789.00
127" RCP, Class III
LF
709.00
$103.00
$73,027.00
130" RCP, Class III
LF
368.00
$113.00
$41,584.00
133" RCP, Class III
LF
442.00
$117.17
$51,789.14
136" RCP, Class III
LF
2,313.00
$158.00
$365,454.00
148" RCP, Class III
LF
93.00
$233.00
$21,669.00
(4'x2' Box Culvert
LF
340.00
$268.00
$91,120.00
6'x5' Box Culvert
LF
136.00
$448.00
$60,928.00
)4' Storm Junction Box
EA
21.00
$7,500.00
$157,500.00
)5' Storm Junction Box
EA
2.00
$8,500.00
$17,000.00
16' Storm Junction Box
EA
1.00
$9,500.00
$9,500.00
)7' Storm Junction Box
EA
1.00
$9,500.00
$9,500.00
)10' Curb Inlet
EA
23.00
$4,000.00
$92,000.00
)15' Curb Inlet
EA
32.00
$5,000.00
$160,000.00
(13'x6' Junction Box
EA
1.00
$30,500.00
$30,500.00
13'x8' Junction Box
EA
1.00
$34,500.00
$34,500.00
148" 4:1 Sloped End HW
EA
1.00
$8,500.00
$8,500.00
112" Large Stone Type "A" Dry Rip Rap
SY
250.00
$165.00
$41,250.00
)Remove 5'x5' Drop Inlet
EA
4.00
$2,500.00
$10,000.00
(Connect to Existing Storm Line
EA
1.00
$2,501.86
$2,501.86
)Inlet Protection
EA
55.00
$250.00
$13,750.00
112" Large Stone Type "A" Dry Rip Rap (Change Order #2)
SY
72.00
$165.00
$11,880.00
Subtotal - Storm Drainage Improvements
$3,569,047.00
PUBLIC LANDSCAPING, TRAILS & PARKS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
( Public Trails
LS
1.00
$175,012.40
$175,012.40
Subtotal - Public Landscaping, Trails & Parks
$175,012.40
OTHER SOFT AND MISCELLANEOUS COSTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Engineering, Surveying, Staking
LS
1.00
$596,565.62
$596,565.62
Construction Materials Testing
LS
1.00 I
$51,003.56
$51,003.56
Erosion Control & SWPPP
LS
1.00
$20,000.00
$20,000.00
City of Fort Worth Fees
LS
1.00
$427,315.58
$427,315.58
Easement and Right -of -Way Dedication
LS
1.00
$3,543,959.70
$3,543,959.70
Construction Management
%
5
$196,446.12
$196,446.12
Contingency
%
10%
$856,776.69
$856,776.69
Subtotal - Other Soft and Miscellaneous Costs
$5,692,067.28
WATER IMPROVEMENTS
Item Description
ITrench Safety
142" Casing By Open Cut
124" Water Carrier Pipe
I Ductile Iron Fittings w/ Restraint
18" PVC Water Pipe
116" Water Pipe
124" Water Pipe
124" Water Pipe. CLSM Backfill
124" DIP Water
124" DIP Water, CLSM Backfill
(Connection to Existing 24" Water Main
Connection to Existing 36" Water Main
Connection to Existing 4"-12" Water Main
14" Combination Air Valve Assembly for Water
18" Gate Valve
116" Gate Valve w/ Vault
124" Gate Valve W/ Vault
18" Blow Off Valve
'Subtotal - Water Improvements
Unit
Quantity
Unit Price
Total Item Cost
LF
8,123.0
$2.00
$16,246.00
LF
206.0
$720.00
$148,320.00
LF
206.0
$280.00
$57,680.00
TON
19.6
$24,000.00
$470,280.00
LF
76.0
$54.00
$4,104.00
LF
89.0
$130.00
$11,570.00
LF
7,642.0
$222.00
$1,696,524.00
LF
80.0
$252.00
$20,160.00
LF
46.0
$280.00
$12,880.00
LF
60.0
$310.00
$18,600.00
EA
1.0
$11,500.00
$11,500.00
EA
1.0
$35,000.00
$35,000.00
EA
1.0
$1,000.00
$1,000.00
EA
3.0
$34,500.00
$103,500.00
EA
1.0
$2,500.00
$2,500.00
EA
2.0
$28,500.00
$57,000.00
EA
10.0
$58,500.00
$585,000.00
EA
4.0
$18,500.00
$74,000.00
3,325,864.00
OTHER SOFT AND MISCELLANEOUS COSTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
(Engineering, Surveying, Staking
LS
1.00
$249,000.00
$249,000.00
(Construction Materials Testing
LS
1.00
$88,331.00
$88,331.00
( Erosion Control & SWPPP
LS
1.00
$18,277.15
$18,277.15
(City of Fort Worth Fees
LS
1.00
$71,241.93
$71,241.93
Bonding Fees (Maintenance, Payment, Performance, Development)
LS
1.00
$49,888.00
$49,888.00
( Easement and Right -of -Way Dedication
LS
1.00
$1,530,916.20
$1,530,916.20
(Construction Management
%
593
$166,293.20
$166,293.20
(Contingency
%
10%
$533,351.83
$533,351.83
Subtotal - Other Soft and Miscellaneous Costs
$2,707,299.31
ROADWAY IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
(Hydrated Lime (30 lbs/sy)
TON
3.80
$285.00
$1,083.00
(Hydrated Lime (36 ibs/sy)
TON
145.50
$285.00
$41,467.50
16" Lime Treatment
SY
255.00
$4.00
$1,020.00
18" Lime Treatment
SY
8,082.00
$5.00
$40,410.00
16" Conc Pvmt
SY
247.00
$52.00
$12,844.00
14" Conc Sidewalk
SF
19,752.00
$4.25
$83,946.00
( Barrier Free Ramp, Type R-1
EA
8.00
$2,200.00
$17,600.00
Barrier Free Ramp, Type P-1
EA
2.00
$2,400.00
$4,800.00
(Topsoil
CV
349.67
$28.00
$9,790.76
( Block Sod Placement
SY
2,098.00
$8.00
$16,784.00
( Furnish/Install Alum Sign Ground Mount City Std. - Stop WI Street Name Blades (R1-1)
EA
5.00
$550.00
$2,750.00
17.5" Conc Pvmt
SY
7,669.00
$64.00
$490,816.00
(Construct Type Ill Barricade
EA
6.00
$800.00
$4,800.00
(Construct Std. Pvmt Header
LF
198.00
$30.00
$5,940.00
( Remove Barricade and Connect to Existing Pavement Header
EA
1.00
$1,000.00
$1,000.00
Removal of uninstalled Construct Type Ill Barricade (Change Order #2)
EA
(6.00)
$800.00
($4,800.00)
12" CONDT PVC SCH 80 (T)
LF
1,854.00
$15.00
$27,810.00
( Install Type 33B Arm
EA
10.00
$600.00
$6,000.00
( Rdwy Ilium Foundation TY 1,2, and 4
EA
10.00
$1,200.00
$12,000.00
( Rdwy Ilium Foundation TY 11 Pole
EA
10.00
$2,500.00
$25,000.00
IType R2 Luminaire
EA
10.00
$750.00
$7,500.00
( NO 6 Insulated Elec Condr (Change Order#1)
LF
1,854.00
$6.00
$11,124.00
(Furnish/Install 120-240 Volt Single Phase Metered Pedestal (Change Order#1)
EA
1.00
$10,500.00
$10,500.00
CLEAR & GRUB
AC
2.90
$750.00
$2,175.00
(UNCLAIMED EXCAVATION
CV
13,072.00
$3.20
$41,830.40
( Retaining Walls within Public Right -of -Way
LS
1.00
$311,567.00
$311,567.00
Subtotal - Roadway Improvements
$1,185,757.66
WATER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
(Trench Safety
LF
2,060.00
$2.00
$4,120.00
142" Casing By Open Cut
LF
50.00
$720.00
$36,000.00
124" Water Carrier Pipe
LF
50.00
$520.00
$26,000.00
Ductile Iron Water Fittings w/ Restraint
TON
7.97
$18,500.00
$147,445.00
18" Water Pipe
LF
402.00
$54.00
$21,708.00
18" DIP Water Pipe. CLSM Backfill
LF
19.00
$84.00
$1,596.00
112" Water Pipe
LF
91.00
$100.00
$9,100.00
112" DIP Water
LF
9.00
$130.00
$1,170.00
112" DIP Water, CLSM Backfill
LF
20.00
$160.00
$3,200.00
116" Water Pipe
LF
44.00
$130.00
$5,720.00
116" Water Pipe
LF
15.00
$160.00
$2,400.00
116" DIP Water, CLSM Backfill
LF
16.00
$190.00
$3,040.00
124" Water Pipe
LF
1,185.00
$240.00
$284,400.00
124" Water Pipe, CLSM Backfill
LF
40.00
$270.00
$10,800.00
124" DIP Water
LF
129.00
$280.00
$36,120.00
124" DIP Water, CLSM Backfill
LF
40.00
$310.00
$12,400.00
(Connection to Existing 4"-12" Water Main
EA
1.00
$1,000.00
$1,000.00
18" Gate Valve
EA
2.00
$2,500.00
$5,000.00
112" Gate Vavle
EA
5.00
$5,500.00
$27,500.00
116" Gate Valve W/ Vault
EA
2.00
$28,500.00
$57,000.00
124" Gate Vavle w/ Vault
EA
3.00
$58,500.00
$175,500.00
18" Blow Off Valve
EA
1.00
$18,500.00
$18,500.00
112" Ring Connection Assembly Includes All Fittings and Lead Pipe
EA
1.00
$18,500.00
$18,500.00
116" Ring Connection Assembly Includes All Fittings and Lead Pipe
EA
1.00
$42,500.00
$42,500.00
14" Water Service
EA
1.00
$38,500.00
$38,500.00
(Removal of uninstalled 4" Water Service (Change Order#2)
EA
(1.00)
$38,500.00
($38,500.00)
Subtotal - Water Improvements
$950,719.00
STORM DRAINAGE IMPROVEMENTS
Item Description
Post -CCTV Inspection of Storm Drain
ITrench Safety
121" RCP, Class III
124" RCP, Class III
136" RCP, Class III
142" RCP, Class III
148" RCP, Class III
6'x5' Box Culvert
14' Storm Junction Box
15' Storm Junction Box
142" Parallel Headwall, 1 Pipe
110' Curb Inlet
14'x4' Drop Inlet
15' Drop Inlet
6'x5' SW -0 Wingwall
I RCB to TCP Connection
112" Large Stone Type "A" Dry Rip Rap
Concrete Weir & Drop Structure
Inlet Protection
Removal of uninstalled Post -CCTV Inspection of Storm Drain (Change Order #2)
Removal of uninstalled Trench Safety (Change Order #2)
Removal of uninstalled 21" RCP, Class III (Change Order #2)
Removal of uninstalled 36" RCP, Class III (Change Order #2)
Removal of uninstalled 48" RCP, Class III (Change Order #2)
Removal of uninstalled 5' Drop Inlet (Change Order #2)
Removal of uninstalled Inlet Protection (Change Order#2)
Removal of uninstalled RipRap (Change Order#2)
Removal of uninstalled Concrete Weird & Drop Structure (Change Order#2)
Subtotal - Storm Drainage Improvements
PUBLIC LANDSCAPING, TRAILS & PARKS
Item Description
Landscape & Hardscape within the Public Right -of -Way
'Subtotal - Public Landscaping, Trails & Parks
Unit
Quantity
Unit Price
Total Item Cost
LF
1,203.00
$4.00
$4,812.00
LF
1,203.00
$2.00
$2,406.00
LF
757.00
$73.00
$55,261.00
LF
157.00
$83.00
$13,031.00
LF
64.00
$118.00
$7,552.00
LF
74.00
$168.00
$12,432.00
LF
21.00
$198.00
$4,158.00
LF
130.00
$448.00
$58,240.00
EA
2.00
$7,500.00
$15,000.00
EA
1.00
$8,500.00
$8,500.00
EA
1.00
$6,500.00
$6,500.00
EA
8.00
$4,000.00
$32,000.00
EA
1.00
$4,500.00
$4,500.00
EA
4.00
$6,500.00
$26,000.00
EA
1.00
$10,000.00
$10,000.00
EA
2.00
$1,500.00
$3,000.00
SY
3,401.00
$145.00
$493,145.00
EA
8.00
$22,425.00
$179,400.00
EA
13.00
$250.00
$3,250.00
LF
(71.00)
$4.00
($284.00)
LF
(71.00)
$2.00
($142.00)
LF
(37.00)
$73.00
($2,701.00)
LF
(13.00)
$118.00
($1,534.00)
LF
(21.00)
$198.00
($4,158.00)
EA
(4.00)
$6,500.00
($26,000.00)
EA
(4.00)
$250.00
($1,000.00)
SY
(3,025.00)
$145.00
($438,625.00)
EA
(7.00)
$22,425.00
($156,975.00)
$307,768.00
Unit Quantity Unit Price Total Item Cost
LS 1.00 $467,268.95 $467,268.95
$467,268.95
OTHER SOFT AND MISCELLANEOUS COSTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Engineering, Surveying, Staking
LS
1.00
$495,000.00
$495,000.00
Construction Materials Testing
LS
1.00
$30,900.00
$30,900.00
Erosion Control & SWPPP
LS
1.00
$15,000.00
$15,000.00
City of Fort Worth Fees
LS
1.00
$128,659.76
$128,659.76
Bonding Fees (Maintenance, Payment, Performance, Development)
LS
1.00
$43,401.00
$43,401.00
Easement and Right -of -Way Dedication
LS
1.00
$511,614.00
$511,614.00
Construction Management
%
5%
$145,575.68
$145,575.68
Contingency
%
10%
$413,608.84
$413,608.84
Il Subtotal - Other Soft and Miscellaneous Costs
$1,783,759.28
ROADWAY IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Hydrated Lime (30 lbs/sy)
TON
6.47
$285.00
$1,843.95
Hydrated Lime (36 Ibs/sy)
TON
82.02
$285.00
$23,375.70
16" Lime Treatment
SY
429.23
$4.00
$1,716.92
18" Lime Treatment
SY
4,556.00
$5.00
$22,780.00
16" Conc Pvmt
SY
416.34
$52.00
$21,649.68
14" Conc Sidewalk
SF
10,769.00
$4.25
$45,768.25
Barrier Free Ramp, Type R-1
EA
8.00
$2,200.00
$17,600.00
Barrier Free Ramp, Type P-1
EA
2.00
$2,400.00
$4,800.00
ITopsoil
CY
195.00
$28.00
$5,460.00
Block Sod Placement
SY
1,168.00
$8.00
$9,344.00
Furnish/Install Alum Sign Ground Mount City Std. - Stop w/ Street Name Blades (R1-1)
EA
5.00
$550.00
$2,750.00
17.5" Conc Pvmt
SY
4,323.00
$64.00
$276,672.00
Construct Type Ill Barricade
EA
5.00
$800.00
$4,000.00
(Construct Std. Pvmt Header
LF
145.00
$30.00
$4,350.00
Remove Barricade and Connect to Existing Pavement Header
EA
1.00
$1,000.00
$1,000.00
Removal of uninstalled Construct Type III Barricade (Change Order#2)
EA
(4.00)
$800.00
($3,200.00)
Removal of uninstalled Remove Barricade and Connect to Existing Pavement Header (Change 0rder#2)
EA
(1.00)
$1,000.00
($1,000.00)
12" CONDT PVC SCH 80 (T)
LF
953.00
$15.00
$14,295.00
Install Type 33B Arm
EA
6.00
$600.00
$3,600.00
Rdwy Ilium Foundation TY 1,2, and 4
EA
6.00
$1,200.00
$7,200.00
Rdwy Ilium Foundation TY 11 Pole
EA
6.00
$2,500.00
$15,000.00
IType R2 Luminaire
EA
6.00
$750.00
$4,500.00
NO 6 Insulated Elec Condr (Change Order#1)
LF
997.00
$6.00
$5,982.00
CLEAR&GRUB
AC
1.60
$750.00
$1,200.00
UNCLAIMED EXCAVATION
CY
17,081.00
$3.20
$54,659.20
(
'Subtotal - Roadway Improvements
$545,346.70
WATER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
(Trench Safety
LF
1,173.00
$2.00
$2,346.00
124" Casing By Open Cut
LF
33.00
$380.00
$12,540.00
130" Casing By Open Cut
LF
20.00
$480.00
$9,600.00
112" Water Carrier Pipe
LF
33.00
$132.00
$4,356.00
116" Water Carrier Pipe
LF
20.00
$162.00
$3,240.00
) Ductile Iron Water Fittings w/ Restraint
TON
2.23
$18,500.00
$41,162.50
18" Water Pipe
LF
25.00
$54.00
$1,350.00
112" Water Pipe
LF
93.00
$100.00
$9,300.00
112" DIP Water
LF
38.00
$130.00
$4,940.00
116" Water Pipe
LF
870.00
$130.00
$113,100.00
116" Water Pipe, CLSM Backfill
LF
40.00
$160.00
$6,400.00
116" DIP Water
LF
34.00
$160.00
$5,440.00
116" DIP Water, CLSM Backfill
LF
20.00
$190.00
$3,800.00
(Connection to Existing 16" Water Main
EA
1.00
$1,000.00
$1,000.00
18" Gate Valve
EA
1.00
$2,500.00
$2,500.00
112" Gate Valve
EA
3.00
$5,500.00
$16,500.00
)16" Gate Valve W/ Vault
EA
3.00
$28,500.00
$85,500.00
Subtotal - Water Improvements
$323,074.50
SEWER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
(Concrete Riprap
SY
64.00
$175.00
$11,200.00
(Post -CCTV Inspection
LF
4,045.00
$4.00
$16,180.00
( Final MH-CCTV Inspection
EA
21.00
$400.00
$8,400.00
( Manhole Vacuum Testing
EA
21.00
$200.00
$4,200.00
ITrench Safety
LF
4,045.00
$2.00
$8,090.00
(Concrete Collar for Manhole
EA
9.00
$1,000.00
$9,000.00
ITrench Water Stops
EA
15.00
$350.00
$5,250.00
130" Casing By Open Cut
LF
93.00
$520.00
$48,360.00
116" Sewer Carrier Pipe
LF
93.00
$326.00
$30,318.00
14" Sewer Service
EA
20.00
$900.00
$18,000.00
18" Sewer Pipe
LF
60.00
$72.00
$4,320.00
18" Sewer Pipe, CSS Backfill
LF
80.00
$92.00
$7,360.00
115" Sewer Pipe
LF
3,635.00
$162.00
$588,870.00
115" Sewer Pipe, CSS Backfill
LF
120.00
$192.00
$23,040.00
116" DIP Sewer
LF
37.00
$244.00
$9,028.00
116" DIP Sewer, CSS Backfill
LF
20.00
$274.00
$5,480.00
( Epoxy Manhole Liner
VF
277.00
$485.00
$134,345.00
14' Manhole
EA
16.00
$5,000.00
$80,000.00
)4' Drop Manhole
EA
1.00
$6,000.00
$6,000.00
14' Extra Depth Manhole
VF
151.00
$225.00
$33,975.00
)4' Manhole w/ Hydraulic Slide
EA
4.00
$5,800.00
$23,200.00
(Connect to Existing 15" Sewer Stub
EA
1.00
$2,500.00
$2,500.00
Subtotal - Sewer Improvements
$1,077,116.00
STORM DRAINAGE IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Post -CCTV Inspection of Storm Drain
LF
765.00
$4.00
$3,060.00
ITrench Safety
LF
765.00
$2.00
$1,530.00
121" RCP, Class III
LF
117.00
$73.00
$8,541.00
124" RCP, Class III
LF
85.00
$83.00
$7,055.00
127" RCP, Class III
LF
76.00
$103.00
$7,828.00
142" RCP, Class III
LF
487.00
$168.00
$81,816.00
)4' Storm Junction Box
EA
1.00
$7,500.00
$7,500.00
)5' Storm Junction Box
EA
2.00
$8,500.00
$17,000.00
124" Parallel Headwall, 1 pipe
EA
1.00
$4,500.00
$4,500.00
142" Parallel Headwall, 1 pipe
EA
1.00
$6,500.00
$6,500.00
)15' Curb Inlet
EA
4.00
$5,000.00
$20,000.00
(4'x4' Drop Inlet
EA
1.00
$4,500.00
$4,500.00
112" Large Stone Type "A" Dry Rip Rap
SY
1,209.00
$145.00
$175,305.00
( Remove 42" CH-PW-0
EA
1.00
$2,000.00
$2,000.00
(Connect to Existing Storm Line
EA
1.00
$2,500.00
$2,500.00
(Inlet Protection
EA
5.00
$250.00
$1,250.00
(Removal of uninstalled 24" Headwall (Change Order#2)
EA
(1.00)
$4,500.00
($4,500.00)
Removal of uninstalled 42" Headwall (Change Order#2)
EA
(1.00)
$6,500.00
($6,500.00)
(Removal of uninstalled Riprap (Change Order#2)
SY
(1,209.00)
$145.00
($175,305.00)
(Removal of uninstalled Removed 42" CH-PW-0 (Change Order #2)
EA
(1.00)
$2,000.00
($2,000.00)
Subtotal - Storm Drainage Improvements
$162,580.00
PUBLIC LANDSCAPING, TRAILS & PARKS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
( Landscape & Hardscape within the Public Right -of -Way
LS
1.00
$215,345.58
$215,345.58
Subtotal - Public Landscaping, Trails & Parks
$215,345.58
OTHER SOFT AND MISCELLANEOUS COSTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Engineering, Surveying, Staking
LS
1.00
$499,000.00
$499,000.00
Construction Materials Testing
LS
1.00
$23,565.19
$23,565.19
Erosion Control & SWPPP
LS
1.00
$15,000.00
$15,000.00
City of Fort Worth Fees
LS
1.00
$131,086.15
$131,086.15
Bonding Fees (Maintenance, Payment, Performance, Development)
LS
1.00
$43,807.00
$43,807.00
Easement and Right -of -Way Dedication
LS
1.00
$292,662.00
$292,662.00
Construction Management
%
5%
$116,173.14
$116,173.14
Contingency
%
10%
$303,921.88
$303,921.88
Subtotal - Other Soft and Miscellaneous Costs
$1,425,215.36
ROADWAY IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
( Hydrated Lime (30 Ibs/sy)
TON
4.80
$285.00
1,368.00
( Hydrated Lime (36 Ibs/sy)
TON
169.00
$285.00
48,165.00
16" Lime Treatment
SY
319.00
$4.00
1,276.00
18" Lime Treatment
SY
9,381.00
$5.00
46,905.00
16" Conc Pvmt
SY
312.00
$52.00
16,224.00
110" Conc Pvmt
SY
7,059.00
$90.00
635,310.00
14" Conc Sidewalk
SF
25,327.00
$4.25
107,639.75
Barrier Free Ramp, Type P-1
EA
6.00
$2,400.00
14,400.00
( Preformed Thermoplastic Contrast Markings - 24" Crosswalk
LF
101.00
$20.00
2,020.00
( Preformed Thermoplastic Contrast Markings - 24" Stop Bars
LF
48.00
$16.00
768.00
ITopsoil
CY
335.00
$28.00
9,380.00
( Block Sod Placement
SY
2,008.00
$8.00
16,064.00
( Furnish/Install Alum Sign Ground Mount City Std. - Stop w/Street Name Blades (R1-1)
EA
3.00
$550.00
1,650.00
( Furnish/Install Alum Sign Ground Mount City Std. - Speed Limit (R2-1)
EA
1.00
$550.00
550.00
17.5" Conc Pvmt
SY
1,727.00
$64.00
110,528.00
Construct Type III Barricade
EA
4.00
$800.00
3,200.00
(Construct Std. Pvmt Header
LF
125.00
$30.00
3,750.00
( Remove Barricade and Connect to Exisiting Pavement Header
EA
1.00
$1,000.00
1,000.00
16" Double Yellow Line Marking w/ RPMS
LF
2,267.00
$4.00
9,068.00
1Hyrdated Lime (30 Ibs/sy) (Change Order #1)
TON
(0.80)
$285.00
(228.00)
16" Lime Treatment (Change Order #1)
SY
(35.00)
$4.00
(140.00)
16" Conc Pvmt (Change Order #1)
SY
(36.00)
$52.00
(1,872.00)
( Performed Thermoplastic Contrast Markings -24" Crosswalk (Change Order #1)
LF
(12.00)
$20.00
(240.00)
Performed Thermoplastic Contrast Markings - 24" Stop Bars (Change Order#1)
LF
(5.00)
$16.00
(80.00)
ITopsoil (Change Order#1)
CY
9.00
$28.00
252.00
( Block Sod Placement (Change Order #1)
IV
57.00
$8.00
456.00
(Construct Std. Pvmt Header (Change Order#1)
LF
-11
$30.00
(330.00)
(Conduct Type Ill Barricade (Change Order#3)
EA
1
$800.00
800.00
110" Unreinforced Concrete (Change Order#3)
SY
104
$92.00
9,568.00
(Removal of uninstalled Construct Type III Barricade (Change Order#4)
EA
-4
$800.00
(3,200.00)
( Removal of uninstalled Remove Barricade and Connect to Exisiting Pavement Header (Change Order#4)
EA
-1
$1,000.00
(1,000.00)
12" CONDT PVC SCH 80 (T)
LF
2757
$15.00
41,355.00
( Install Type 33A Arm
EA
26
$600.00
15,600.00
( Install Type 33B Arm
EA
2
$600.00
1,200.00
( Rdwy Ilium Foundation TY 1,2, and 4
EA
2
$1,200.00
2,400.00
( Rdway Ilium Foundation TY 3,5,6, and 8
EA
13
$1,800.00
23,400.00
Rdwy Ilium Assembly TY 11 Pole
EA
2
$2,500.00
5,000.00
( Rdwy Ilium TY 18 Pole
EA
13
$3,400.00
44,200.00
IType R2 Luminaire
EA
28
$750.00
21,000.00
( NO 6 Insulated Elec Condr (Change Order#1)
LF
2757
$6.00
16,542.00
(CLEAR&GRUB
AC
7.20
$750.00
5,400.00
(UNCLAIMED EXCAVATION
CV
40,734.00
$3.20
130,348.80
( Retaining Walls within Public Right -of -Way
LS
1.00
$99,450.00
99,450.00
Subtotal - Roadway Improvements
1,439,147.55
WATER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
142" Casing By Open Cut
LF
20.00
$720.00
14,400.00
(Trench Safety
LF
459.00
$2.00
918.00
124" Water Carrier Pipe
LF
20.00
$520.00
10,400.00
) Ductile Iron Water Fittings w/ Restraint
TON
1.90
$18,500.00
35,150.00
124" Water Pipe
LF
433.00
$240.00
103,920.00
124" DIP Water
LF
6.00
$280.00
1,680.00
(Connection to Existing 24" Water Main
EA
1.00
$9,500.00
9,500.00
14" Combination Air Valve Assembly to Water
EA
1.00
$30,500.00
30,500.00
124" Gate Valve w/ Valve
EA
1.00
$58,500.00
58,500.00
18" Water Pipe (Change Order #2)
LF
101.00
$54.00
5,454.00
18" Gate Valve (Change Order #2)
EA
1.00
$2,500.00
2,500.00
Subtotal - Water Improvements
272,922.00
STORM DRAINAGE IMPROVEMENTS
Item Description
Post -CCTV Inspection of Storm Drain
ITrench Safety
121" RCP, Class III
124" RCP, Class III
130" RCP, Class III
136" RCP, Class III
142" RCP, Class III
14' Storm Junction Box
15' Storm Junction Box
110' Recessed Inlet
14'x4' Drop Inlet
142" CH-PW-0 4:1 Headwall
112" Large Stone Type "A" Dry Rip Rap
Concrete Weir & Drop Structure
Inlet Protection
Removal of uninstalled Rip Rap (Change Order #4)
Removal of Uninstalled Concrete Weir and Drop Structure (Change Order#4)
Removal of uninstalled Headwall (Change Order#4)
Subtotal - Storm Drainage Improvements
Unit
Quantity
Unit Price
Total Item Cost
LF
2,440.00
$4.00
9,760.00
LF
2,440.00
$2.00
4,880.00
LF
388.00
$73.00
28,324.00
LF
631.00
$83.00
52,373.00
LF
366.00
$113.00
41,358.00
LF
784.00
$118.00
92,512.00
LF
271.00
$168.00
45,528.00
EA
6.00
$7,500.00
45,000.00
EA
2.00
$8,500.00
17,000.00
EA
5.00
$5,000.00
25,000.00
EA
5.00
$4,500.00
22,500.00
EA
1.00
$6,500.00
6,500.00
SY
932.00
$145.00
135,140.00
EA
4.00
$22,425.00
89,700.00
EA
10.00
$250.00
2,500.00
SY
(870.00)
$145.00
(126,150.00)
EA
(4.00)
$22,425.00
(89,700.00)
EA
(1.00)
$6,500.00
(6,500.00)
395,725.00
PUBLIC LANDSCAPING, TRAILS&PARKS
Item Description Unit Quantity Unit Price Total Item Cost
Landscape & Hardscape within the Public Right -of -Way LS 1.00 $501,086.27 501,086.27
Subtotal - Public Landscaping, Trails & Parks $501,086.27
OTHER SOFT AND MISCELLANEOUS COSTS ■
Item Description
Engineering, Surveying, Staking
Construction Materials Testing
Erosion Control & SWPPP
City of Fort Worth Fees
Bonding Fees (Maintenance, Payment, Performance, Development)
Easement and Right -of -Way Dedication
Construction Management
(Contingency
'Subtotal - Other Soft and Miscellaneous Costs
Unit
Quantity
Unit Price
Total Item Cost
LS
1.00
$461,000.00
$461,000.00
LS
1.00
$29,431.00
$29,431.00
LS
1.00
$15,000.00
$15,000.00
LS
1.00
$67,555.17
$67,555.17
LS
1.00
$33,997.00
$33,997.00
LS
1.00
$682,150.50
$682,150.50
%
5%
$130,444.04
$130,444.04
%
10%
$389,801.45
$389,801.45
$1,809,379.16
IN -TRACT
Water Improvements
$140,992
Sewer Improvements
$43,871
Storm Drainage Improvements
$3,569,047
Public Landscaping, Trails & Parks
$175,012
Other Soft and Miscellaneous Costs
$5,692,067
Subtotal - IN -TRACT
$9,620,990
24" WATERLINE
Water Improvements
$3,325,864
Other Soft and Miscellaneous Costs
$2,707,299
Subtotal - 24" WATERLINE
$6,033,163
VENTANA P`
Roadway Improvements
$1,185,758
Water Improvements
$950,719
Storm Drainage Improvements
$307,768
Public Landscaping, Trails & Parks
$467,269
Other Soft and Miscellaneous Costs
$1,783,759
Subtotal - VENTANA PARKWAY
$4,695,273
ORCHARD WAY
Roadway Improvements
$545,347
Water Improvements
$323,075
Sewer Improvements
$1,077,116
Storm Drainage Improvements
$162,580
Public Landscaping, Trails & Parks
$215,346
Other Soft and Miscellaneous Costs
$1,425,215
Subtotal - ORCHARD WAY
$3,748,678
MARKUM RANCH ROAD
Roadway Improvements
$1,439,148
Water Improvements
$272,922
Storm Drainage Improvements
$395,725
Public Landscaping, Trails & Parks
$501,086
Other Soft and Miscellaneous Costs
$1,809,379
Subtotal - MARKUM RANCH ROAD
$4,418,260
TOTAL - IMPROVEMENT AREA #6
Roadway Improvements
$3,170,252
Water Improvements
$5,013,572
Sewer Improvements
$1,120,987
Storm Drainage Improvements
$4,435,120
Public Landscaping, Trails and Parks
$1,358,713
Other Soft and Miscellaneous Costs
$13,417,720
ROADWAY IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
CLEAR & GRUB
AC
46.30
$750.00
$34,725.00
UNCLAIMED EXCAVATION
CY
144,847.00
$3.20
$463,510.40
ROUGH LOT GRADING
LOT
169.00
$250.00
$42,250.00
FINAL LOT GRADING
LOT
169.00
$250.00
$42,250.00
M.C. (40x80' PAD) - 4' DEEP
LOT
36.00
$1,300.00
$46,800.00
M.C. (40x80' PAD) - 6' DEEP
LOT
4.00
$1,960.00
$7,840.00
M.C. (40x80' PAD) - 8' DEEP
LOT
8.00
$2,610.00
$20,880.00
M.C. (40x80' PAD) - 10' DEEP
LOT
4.00
$3,260.00
$13,040.00
M.C. (60x80' PAD) - 4' DEEP
LOT
20.00
$1,960.00
$39,200.00
M.C. (60x80' PAD) - 6' DEEP
LOT
3.00
$2,940.00
$8,820.00
M.C. (60x80' PAD) - 8' DEEP
LOT
1.00
$3,910.00
$3,910.00
M.C. (60x80' PAD) - 10' DEEP
LOT
4.00
$4,880.00
$19,520.00
M.C. POLY) 6 TO 8 MIL THICKNESS)
LOT
18.00
$300.00
$5,400.00
CLEAR & GRUB
AC
5.30
$750.00
$3,975.00
UNCLAIMED EXCAVATION
CY
21,957.00
$3.20
$70,262.40
ROUGH LOT GRADING
LOT
56.00
$250.00
$14,000.00
FINAL LOT GRADING
LOT
56.00
$250.00
$14,000.00
M.C. (40x44' PAD) - 4' DEEP
LOT
9.00
$715.00
$6,435.00
M.C. (40x44' PAD) - 6' DEEP
LOT
1.00
$1,075.00
$1,075.00
M.C. (44x50' PAD) - 4' DEEP
LOT
9.00
$900.00
$8,100.00
M.C. (44x50' PAD) - 8' DEEP
LOT
1.00
$1,790.00
$1,790.00
M.C. (40'x80' PAD) -4' DEEP
LOT
3.00
$1,300.00
$3,900.00
M.C. (40x80' PAD) - 6' DEEP
LOT
19.00
$1,960.00
$37,240.00
M.C. (40x80' PAD) - 8' DEEP
LOT
(8.00)
$2,610.00
($20,880.00)
M.C. (40x80' PAD) - 10' DEEP
LOT
(3.00)
$3,260.00
($9,780.00)
M.C. (40x80' PAD) - 12' DEEP
LOT
16.00
$3,900.00
$62,400.00
M.C. (60'x80' PAD) -4' DEEP
LOT
(2.00)
$1,960.00
($3,920.00)
M.C. (60'x80' PAD) - 6' DEEP
LOT
17.00
$2,940.00
$49,980.00
M.C. (60'x80' PAD) -8' DEEP
LOT
(1.00)
$3,910.00
($3,910.00)
M.C. (60'x80' PAD) - 12' DEEP
LOT
4.00
$5,880.00
$23,520.00
M.C. POLY (6 TO 8 MIL THICKNESS)
LOT
(18.00)
$300.00
($5,400.00)
CLEAR & GRUB
AC
36.40
$750.00
$27,300.00
UNCLAIMED EXCAVATION
CY
257,229.00
$3.20
$823,132.80
ROUGH LOT GRADING
LOT
194.00
$250.00
$48,500.00
FINAL LOT GRADING
LOT
194.00
$250.00
$48,500.00
BLOCK 14 GRADE CHANGES - EXCAVATION
LOT
18.00
$250.00
$4,500.00
BLOCK 16 LOT SETBACK - EXCAVATION
LOT
14.00
$250.00
$3,500.00
BLOCK 16 LOT SETBACK - EXCAVATION
LOT
(6.00)
$250.00
($1,500.00)
CLEAR & GRUB
AC
29.30
$750.00
$21,975.00
UNCLAIMED EXCAVATION
CY
123,335.00
$3.20
$394,672.00
ROUGH LOT GRADING
LOT
142.00
$250.00
$35,500.00
FINAL LOT GRADING
LOT
142.00
$250.00
$35,500.00
M.C. POLY (6 TO 8 MIL THICKNESS)
LOT
5.00
$300.00
$1,500.00
CLEAR & GRUB
AC
16.90
$750.00
$12,675.00
UNCLAIMED EXCAVATION
CY
42,211.00
$3.20
$135,075.20
CLEAR & GRUB
LOT
29.00
$250.00
$7,250.00
UNCLAIMED EXCAVATION
LOT
29.00
$250.00
$7,250.00
CLEAR & GRUB
LOT
12.00
$300.00
$3,600.00
Retaining Walls
LS
1.00
$2,455,895.00
$2,455,895.00
Hydrated Lime (3016s/sy)
TON
510.61
$285.00
$145,523.85
(6" Lime Treatment
SY
34,037.00
$4.00
$136,148.00
(6" Conc Pvmt
SY
31,895.00
$52.00
$1,658,540.00
(4" Conc Sidewalk
SF
19,401.00
$4.25
$82,454.25
Barrier Free Ramp, Type R-1
EA
16.00
$2,200.00
$35,200.00
Barrier Free Ramp, Type P-1
EA
14.00
$2,400.00
$33,600.00
(Topsoil
CY
476.00
$28.00
$13,328.00
Block Sod Treatment
SY
2,858.00
$8.00
$22,864.00
Furnish/Install Alum Sign Ground Mount City Std. - Stop w/ Street Name Blades (R-1)
EA
15.00
$550.00
$8,250.00
Street Name Blade Pair
EA
2.00
$250.00
$500.00
Street Sign Pole
EA
2.00
$300.00
$600.00
Construct Type III Barricade
EA
3.00
$800.00
$2,400.00
Construct Std. Pvmt Header
LF
87.00
$30.00
$2,610.00
Remove Barricade and Connect to Existing Pavement Header
EA
6.00
$1,000.00
$6,000.00
Hydrated Lime (30lbs/sy) (Change Order#2)
TON
2.19
$285.00
$624.15
(6" Lime Treatment (Change Order #2)
SY
151.00
$4.00
$604.00
(6" Conc Pvmt (Change Order #2)
SY
186.00
$52.00
$9,672.00
(4" Conc Sidewalk (Change Order #2)
SF
(5,514.00)
$4.25
($23,434.50)
Topsoil (Change Order #2)
CY
(206.00)
$28.00
($5,768.00)
Block Sod Treatment (Change Order #2)
SY
(1,236.00)
$8.00
($9,888.00)
(2" CONDT PVC SCH 80 (T)
LF
2,302.00
$15.00
$34,530.00
NO 6 Insulated Elec Condr
LF
2,302.00
$6.00
$13,812.00
Install Type 33B Arm
EA
40.00
$600.00
$24,000.00
Rdwy Ilium Foundation TY 1,2, and 4
EA
40.00
$1,200.00
$48,000.00
Rdwy Ilium Assembly TY 11 Pole
EA
40.00
$2,500.00
$100,000.00
Type R2 Luminaire
EA
38.00
$750.00
$28,500.00
IType R4 Luminaire
EA
2.00
$950.00
$1,900.00
14" Flexible Base, Type A, GR-1
SY
6,829.00
$16.00
$109,264.00
Hydrated Lime (30 Ibs/sy)
TON
708.00
$285.00
$201,780.00
Hydrated Lime (36 Ibs/sy)
TON
9.00
$285.00
$2,565.00
16" Lime Treatment
SY
47,138.00
$4.00
$188,552.00
I8" Lime Treatment
SY
621.00
$5.00
$3,105.00
16" Conc Pvmt
SY
50,122.00
$52.00
$2,606,344.00
14" Conc Sidewalk
SF
9,306.00
$4.25
$39,550.50
Barrier Free Ramp, Type R-1
EA
12.00
$2,200.00
$26,400.00
1 Barrier Free Ramp, Type P-1
EA
34.00
$2,400.00
$81,600.00
ITopsoil
CR
208.00
$28.00
$5,824.00
Block Sod Placement
SY
1,240.00
$8.00
$9,920.00
Furnish/Install Alum Sign Ground Mount Cuty Std. - Stop Sign w/ Stree Name Blades (R1-1)
EA
23.00
$550.00
$12,650.00
17.5" Conc Pvmt
SY
595.00
$64.00
$38,080.00
( Street Name Blade Pair
EA
6.00
$250.00
$1,500.00
Street Sign Pole
EA
6.00
$300.00
$1,800.00
Connect to Existing Pavement Header
EA
4.00
$1,000.00
$4,000.00
Construct Type Ill Barricade
EA
1.00
$800.00
$800.00
Construct Std. Pvmt Header
LF
29.00
$30.00
$870.00
14" Conc Sidewalk (Change Order #2)
SF
(3,324.00)
$4.25
($14,127.00)
Topsoil (Change Order #2)
CR
(80.00)
$28.00
($2,240.00)
Block Sod Placement (Change Order #2)
SY
(480.00)
$8.00
($3,840.00)
12" CONDT PVC SCH 80 (T)
LF
4,362.00
$15.00
$65,430.00
NO 6 Insulated Elec Condr
LF
4,362.00
$6.00
$26,172.00
Install Type 338 Arm
EA
64.00
$600.00
$38,400.00
Rdwy Ilium Foundation TY 1,2, and 4
EA
64.00
$1,200.00
$76,800.00
Rdway Ilium Assembly TY 11 Pole
EA
64.00
$2,500.00
$160,000.00
(Type R2 Luminaire
EA
58.00
$750.00
$43,500.00
Type R4 Luminaire
EA
6.00
$950.00
$5,700.00
Subtotal - Roadway Improvements
$11,166,727.05
WATER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Trench Safety
LF
11,379.00
$2.00
$22,758.00
120' Casing by Open Cut
LF
88.00
$320.00
$28,160.00
(8" Water Carrier Pipe
LF
88.00
$66.00
$5,808.00
Ductile Iron Water Fittings w/ Restraint
TON
9.07
$11,500.00
$104,305.00
(6" Water Pipe
LF
1,978.00
$50.00
$98,900.00
(6" Water Pipe, CLSM Backfill
LF
52.00
$80.00
$4,160.00
(8" Water Pipe
LF
8,709.00
$54.00
$470,286.00
8" DIP Water, CLSM Backfill
LF
552.00
$84.00
$46,368.00
Fire Hydrant
EA
19.00
$7,500.00
$142,500.00
Connection to Existing 4"-12" Water Main
EA
2.00
$1,000.00
$2,000.00
(1" Water Service
EA
228.00
$1,200.00
$273,600.00
(6" Gate Valve
EA
14.00
$2,000.00
$28,000.00
(8" Gate Valve
EA
40.00
$2,500.00
$100,000.00
1" Irrigation Service
EA
3.00
$1,500.00
$4,500.00
1.5" Irrigation Service
EA
3.00
$2,178.00
$6,534.00
(2" Irrigation Service
EA
1.00
$3,500.50
$3,500.50
Trench Safety (Change Order#2)
LF
(567.00)
$2.00
($1,134.00)
Ductile Iron Water Fittings w/ Restraint (Change Order #2)
TON
0.71
$11,500.00
$8,165.00
(6" Water Pipe (Change Order #2)
LF
(1,978.00)
$50.00
($98,900.00)
(6" Water Pipe, CLSM Backfill (Change Order #2)
LF
(52.00)
$80.00
($4,160.00)
18"Water Pipe (Change Order #2)
LF
378.00
$54.00
$20,412.00
8" DIP Water, CLSM Backfill (Change Order #2)
LF
52.00
$84.00
$4,368.00
Fire Hydrant (Change Order #2)
EA
9.00
$7,500.00
$67,500.00
(6" Gate Valve (Change Order #2)
EA
(14.00)
$2,000.00
($28,000.00)
8" Gate Valve (Change Order #2)
EA
14.00
$2,500.00
$35,000.00
1" Irrigation Service (Change Order #2)
EA
(3.00)
$1,500.00
($4,500.00)
1.5" Irrigation Service (Change Order #2)
EA
2.00
$2,178.00
$4,356.00
(4"Water Pipe (Change Order#2)
LF
1,155.00
$48.00
$55,440.00
(8" Waterline Lowering (Change Order#2)
EA
3.00
$8,500.00
$25,500.00
(8"x8" Cut In Tee (Change Order#2)
EA
13.00
$2,500.00
$32,500.00
Trench Safety
LF
13,740.00
$2.00
$27,480.00
(20" Casing By Open Cut
LF
11.00
$320.00
$3,520.00
(8" Water Carrier Pipe
LF
25.00
$66.00
$1,650.00
Ductile Iron Water Fittings w/ Restraint
TON
11.63
$11,500.00
$133,745.00
(8" Water Pipe
LF
13,000.00
$54.00
$702,000.00
8" DIP Water, CLSM Backfill
LF
715.00
$84.00
$60,060.00
Fire Hydrant
EA
29.00
$7,500.00
$217,500.00
Connection to Existing 4"-12" Water Main
EA
1.00
$1,000.00
$1,000.00
I8" Gate Valve
EA
52.00
$2,500.00
$130,000.00
(1" Water Service
EA
365.00
$1,200.00
$438,000.00
1" IrrigationService
EA
5.00
$1,500.00
$7,500.00
1.5" Irrigation Service
EA
1.00
$2,500.00
$2,500.00
Subtotal - Water Improvements
$3,182,881.50
SEWER IMPROVEMENTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Post -CCTV Inspection
LF
11,361.00
$4.00
$45,444.00
Final MH-CCTV Inspection
EA
69.00
$400.00
$27,600.00
Manhole Vacuum Testing
EA
69.00
$200.00
$13,800.00
Trench Safety
LF
11,361.00
$2.00
$22,722.00
120" Casing by Open Cut
LF
120.00
$380.00
$45,600.00
Trench Water Stops
EA
42.00
$350.00
$14,700.00
18" Sewer Carrier Pipe
LF
120.00
$104.00
$12,480.00
14" Sewer Service
EA
266.00
$900.00
$239,400.00
I8" Sewer Pipe
LF
10,517.00
$70.00
$736,190.00
8" Sewer Pipe, CSS Backfill
LF
690.00
$90.00
$62,100.00
I8" DIP Sewer Pipe
LF
34.00
$102.00
$3,468.00
Epoxy Manhole Liner
WF
304.00
$485.00
$147,440.00
14' Manhole
EA
66.00
$5,000.00
$330,000.00
(4' Drop Manhole
EA
2.00
$6,000.00
$12,000.00
14' Manhole W/ Hydraulic Slide
EA
1.00
$6,800.00
$6,800.00
14' Extra Depth Manhole
VF
265.00
$225.00
$59,625.00
I Connection to Existing 8" Sewer Stub
EA
7.00
$1,500.00
$10,500.00
16" Sewer Pipe (Change Order #1)
LF
34.00
$118.00
$4,012.00
Post -CCTV Inspection
LF
13,798.00
$4.00
$55,192.00
Final MH-CCTV Inspection
EA
61.00
$400.00
$24,400.00
Manhole Vacuum Testing
EA
61.00
$200.00
$12,200.00
ITrench Safety
LF
13,798.00
$2.00
$27,596.00
(Trench Water Stops
EA
45.00
$350.00
$15,750.00
(20" Casing By Open Cut
LF
60.00
$380.00
$22,800.00
18" Sewer Carrier Pipe
LF
60.00
$104.00
$6,240.00
14" Sewer Service
EA
365.00
$900.00
$328,500.00
I8" Sewer Pipe
LF
12,660.00
$70.00
$886,200.00
8" Sewer Pipe, CSS Backfill
LF
1,030.00
$90.00
$92,700.00
I8" DIP Sewer Pipe
LF
48.00
$102.00
$4,896.00
Epoxy Manhole Liner
VF
230.40
$485.00
$111,744.00
14' Manhole
EA
56.00
$5,000.00
$280,000.00
14' Drop Manhole
EA
4.00
$6,000.00
$24,000.00
(4' Extra Depth Manhole
VF
248.90
$225.00
$56,002.50
(4' Shallow Manhole
EA
1.00
$5,500.00
$5,500.00
Connect to Existing 8" Sewer Stub
EA
1.00
$1,500.00
$1,500.00
Subtotal - Sewer Improvements
3,749,101.50
OTHER SOFT AND MISCELLANEOUS COSTS
Item Description
Unit
Quantity
Unit Price
Total Item Cost
Engineering, Surveying, Staking
LS
1.00
$374,784.38
$374,784.38
Construction Materials Testing
LS
1.00
$439,711.44
$439,711.44
Erosion Control & SWPPP
LS
1.00
$232,302.69
$232,302.69
City of Fort Worth Fees
LS
1.00
$387,100.46
$387,100.46
Construction Management
%
5%
$904,935.50
$904,935.50
(Contingency
%
10%
$1,953,260.90
$1,953,260.90
Subtotal - Other Soft and Miscellaneous Costs
$4,292,095.37
IN -TRACT
Roadway Improvements
$11,166,727
Water Improvements
$3,182,882
Sewer Improvements
3,749,101.5
Other Soft and Miscellaneous Costs
$4,292,095
Subtotal - IN -TRACT
$22,390,805
TOTAL - IMPROVEMENT AREA #6
Roadway Improvements
$11,166,727
Water Improvements
$3,182,882
Sewer Improvements
3,749,101.5
Other Soft and Miscellaneous Costs
$4,292,095
• •
t :t
August 27, 2026
469.621.0710
TBPELS F-1386
TBPELS 10110501
www.LJA.com
6060 North Central Expressway, Suite 400, Dallas, Texas 75206
Re: Engineer's Report
Ventana West Phase 1
Fort Worth, Texas
Ventana West is a proposed single-family development anticipated to include approximately 873
residential lots in Fort Worth, Texas. Phase 1A is comprised of 224 residential lots, and is currently
under construction. Phase 1 B is comprised of 365 residential lots, and is currently under construction.
The proposed authorized infrastructure improvements associated with Phase 1 of the development
are shown in the attached exhibits. A quantity takeoff and associated construction cost summary has
been prepared based on executed contractor bids, and construction costs associated with authorized
improvements have been quantified. Authorized Improvements are categorized as any public utility
infrastructure (public drainage and public water and sanitary sewer lines greater than 8" in diameter)
serving Ventana West Phase 1, Ventana Parkway and Orchard Way (collector roadways providing
points of connection to Ventana West), along with Markum Ranch Road (half of a City of Fort Worth
MTP arterial roadway), and an offsite 24" waterline providing water capacity to Ventana West. All
Authorized Improvements are necessary in order to provide utilities and access to Maverick Phase 1
residential lots.
S \NTX-LAND\0171\NT840\700 COMMUNICATIONS\720 Memo\Ventana West\Ventana West Phase I Letter 26AUG27.docx
APPENDIX C-1
IMPROVEMENT AREA #4 LEGAL DESCRIPTION
EXHIBIT C-1
421.082 ACRES
BEING A 421.082 -ACRE TRACT OF LAND SITUATED IN THE D. T. FINLEY SURVEY, ABSTRACT NO. 1901,
THEODORE FINLEY SURVEY, ABSTRACT NO. 1878, T. F. RODGERS SURVEY, ABSTRACT NO. 1357, ELIZABETH
LANGSTON SURVEY, ABSTRACT NO. 988, T & N.O. RR CO. SURVEY, ABSTRACT NO. 1565, AND BEING A
PORTION OF THAT TRACT OF LAND DESCRIBED TO FW CLUB LP BY DEED RECORDED IN COUNTY CLERK
FILE NO. D224085431 AND A PORTION OF THAT TRACT OF LAND DESCRIBED TO PMB ROLLING V SOUTH
LAND LP BY DEED RECORDED IN COUNTY CLERK FILE NO. D223038385 OF THE OFFICIAL PUBLIC RECORDS
OF TARRANT COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS
FOLLOWS:
BEGINNING AT A 5/8 -INCH CAPPED IRON ROD STAMPED "LJA SURVEYING" SET (HEREINAFTER REFERRED
TO AS "SET IRON ROD") ON THE NORTHWESTERN RIGHT-OF-WAY LINE OF BENBROOK BOULEVARD / US
HIGHWAY 377 SOUTH (A VARIABLE WIDTH RIGHT-OF-WAY), FROM WHICH A 1 -INCH IRON ROD FOUND
FOR THE EASTERNMOST CORNER OF LOT 10, BLOCK 35 OF BELLA FLORA PHASE 10, AN ADDITION TO
TARRANT COUNTY, TEXAS AS SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D221350274 OF
SAID OFFICIAL PUBLIC RECORDS BEARS SOUTH 47°57'57" WEST, A DISTANCE OF 719.57 FEET;
THENCE OVER AND ACROSS SAID PMB ROLLING V SOUTH LAND LP TRACT, THE FOLLOWING COURSES
AND DISTANCES:
NORTH 02°35'06" EAST, A DISTANCE OF 14.05 FEET TO A SET IRON ROD;
NORTH 42°47'44" WEST, A DISTANCE OF 44.89 FEET TO A SET IRON ROD FOR THE BEGINNING OF
A CURVE TO THE RIGHT HAVING A RADIUS OF 817.00 FEET, AND A CHORD THAT BEARS
NORTH 37°51'06" WEST, 140.82 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 09°53'16", AN ARC -DISTANCE
OF 140.99 FEET TO A SET IRON ROD;
NORTH 32°54'28" WEST, A DISTANCE OF 100.32 FEET TO A SET IRON ROD FOR THE BEGINNING
OF A CURVE TO THE LEFT, HAVING A RADIUS OF 707.00 FEET, AND A CHORD THAT BEARS
NORTH 65°59'02" WEST, 771.70 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 66°09'10", AN ARC -DISTANCE
OF 816.29 FEET TO A SET IRON ROD ON THE SOUTH LINE OF SAID FW CLUB LP TRACT;
THENCE SOUTH 47°59'24" WEST, WITH SAID SOUTH LINE, A DISTANCE OF 650.35 FEET TO A SET IRON
ROD;
THENCE OVER AND ACROSS SAID FW CLUB LP TRACT THE FOLLOWING COURSES AND DISTANCES:
NORTH 48°30'20" WEST, A DISTANCE OF 224.30 FEET TO A SET IRON ROD AT THE BEGINNING OF
A NON -TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 173.00 FEET AND A CHORD THAT
BEARS SOUTH 70°56'47" WEST, 112.95 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 38°06'26", AN ARC -DISTANCE
OF 115.06 FEET TO A SET IRON ROD;
WEST, A DISTANCE OF 365.34 FEET TO A SET IRON ROD;
NORTH 35°40'44" WEST, A DISTANCE OF 2,234.12 FEET TO A SET IRON ROD;
EXHIBIT C-1
421.082 ACRES
NORTH 81°00'15" WEST, A DISTANCE OF 1,573.98 FEET TO A SET IRON ROD;
NORTH 76°19'21" WEST, A DISTANCE OF 107.04 FEET TO A SET IRON ROD;
NORTH 49°27'05" WEST, A DISTANCE OF 40.36 FEET TO A SET IRON ROD FOR THE BEGINNING OF
A NON -TANGENT CURVE TO THE RIGHT, HAVING A RADIUS OF 618.00 FEET, AND A CHORD THAT
BEARS NORTH 43°57'09" EAST, 73.39 FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 06°48'29", AN ARC -DISTANCE
OF 73.43 FEET TO A SET IRON ROD FOR THE BEGINNING OF A REVERSE CURVE TO THE LEFT,
HAVING A RADIUS OF 792.00 FEET, AND A CHORD THAT BEARS NORTH 42°25'22" EAST, 136.23
FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 09°52'04", AN ARC -DISTANCE
OF 136.40 FEET TO A SET IRON ROD FOR THE BEGINNING OF A REVERSE CURVE TO THE RIGHT,
HAVING A RADIUS OF 672.90 FEET, AND A CHORD THAT BEARS NORTH 39°46'51" EAST, 16.36
FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 01°23'34", AN ARC -DISTANCE
OF 16.36 FEET TO A SET IRON ROD FOR THE BEGINNING OF A COMPOUND CURVE TO THE RIGHT,
HAVING A RADIUS OF 475.59 FEET, AND A CHORD THAT BEARS NORTH 44°08'41" EAST, 165.75
FEET;
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 20°04'16", AN ARC -DISTANCE
OF 166.60 FEET TO A SET IRON ROD;
SOUTH 15°22'58" EAST, A DISTANCE OF 135.83 FEET TO A SET IRON ROD;
NORTH 74°37'02" EAST, A DISTANCE OF 630.00 FEET TO A SET IRON ROD;
SOUTH 86°23'54" EAST, A DISTANCE OF 115.70 FEET TO A SET IRON ROD;
SOUTH 79°37'25" EAST, A DISTANCE OF 184.75 FEET TO A SET IRON ROD;
NORTH 50°4959" EAST, A DISTANCE OF 184.81 FEET TO A SET IRON ROD;
NORTH 13°20'55" WEST, A DISTANCE OF 170.00 FEET TO A SET IRON ROD;
NORTH 63°31'55" EAST, A DISTANCE OF 541.02 FEET TO A SET IRON ROD;
NORTH 45°52'19" EAST, A DISTANCE OF 221.60 FEET TO A SET IRON ROD;
SOUTH 50°22'10" EAST, A DISTANCE OF 150.00 FEET TO A SET IRON ROD;
NORTH 42°43'19" EAST, A DISTANCE OF 425.62 FEET TO A SET IRON ROD;
NORTH 39°37'50" EAST, A DISTANCE OF 85.00 FEET TO A SET IRON ROD;
NORTH 34°23'51" EAST, A DISTANCE OF 274.70 FEET TO A SET IRON ROD;
NORTH 81°12'46" EAST, A DISTANCE OF 406.70 FEET TO A SET IRON ROD;
EXHIBIT C-1
421.082 ACRES
THENCE NORTH 00°32'23" WEST, PASSING A SET IRON ROD FOR REENTRANT CORNER ON THE
NORTHERLY LINE OF SAID FW CLUB LP TRACT AT 184.60 FEET AND CONTINUING WITH SAID NORTHERLY
LINE A TOTAL DISTANCE OF 907.40 FEET TO A SET IRON ROD;
THENCE CONTINUING WITH THE NORTHERLY LINE OF SAID FW CLUB LP TRACT THE FOLLOWING
COURSES AND DISTANCES:
NORTH 89°27'34" EAST, A DISTANCE OF 444.62 FEET TO A SET IRON ROD;
SOUTH 24°54'16" EAST, A DISTANCE OF 164.11 FEET TO A SET IRON ROD;
SOUTH 07°0506" EAST, A DISTANCE OF 246.75 FEET TO A SET IRON ROD;
EAST, A DISTANCE OF 628.83 FEET TO A SET IRON ROD;
NORTH 60°2429" EAST, A DISTANCE OF 780.16 FEET TO A SET IRON ROD;
NORTH 32°45'42" WEST, A DISTANCE OF 102.90 FEET TO A SET IRON ROD;
NORTH 14°56'25" EAST, A DISTANCE OF 122.85 FEET TO A SET IRON ROD;
NORTH 46°56'31" EAST, A DISTANCE OF 1,061.55 FEET TO A SET IRON ROD;
NORTH 89°38'01" EAST, A DISTANCE OF 1,065.53 FEET TO A SET IRON ROD FOR THE NORTHEAST
CORNER OF SAID FW CLUB LP TRACT;
THENCE WITH THE EASTERLY AND SOUTHERLY LINES OF SAID FW CLUB LP TRACTTHE FOLLOWING
COURSES AND DISTANCES:
SOUTH 00°22'06" EAST, A DISTANCE OF 187.48 FEET TO A SET IRON ROD;
NORTH 89°38'01" EAST, A DISTANCE OF 19.77 FEET TO A SET IRON ROD;
SOUTH 00°2206" EAST, A DISTANCE OF 3,480.72 FEET TO A SET IRON ROD FOR THE EAST
COMMON CORNER OF SAME TRACT AND A TRACT OF LAND DESCRIBED TO PMB ROLLING V
SOUTH LAND LP BY DEED RECORDED IN COUNTY CLERK FILE NO. D223038386 OF SAID OFFICIAL
PUBLIC RECORDS;
SOUTH 89°57'02" WEST, A DISTANCE OF 1,016.95 FEET TO A SET IRON ROD;
SOUTH 47°12'16" WEST, A DISTANCE OF 1,105.20 FEET TO A SET IRON ROD FOR THE BEGINNING
OF A CURVE TO THE LEFT, HAVING A RADIUS OF 1,750.00 FEET, AND A CHORD THAT BEARS
SOUTH 34°23'46" WEST, 775.92 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 25°37'01, AN ARC -DISTANCE
OF 782.43 FEET TO A SET IRON ROD FOR THE BEGINNING OF A NON -TANGENT CURVE TO THE
RIGHT, HAVING A RADIUS OF 817.00 FEET, AND A CHORD THAT BEARS SOUTH 55°00'01" EAST,
614.55 FEET;
THENCE OVER AND ACROSS SAID PMB ROLLING V SOUTH LAND LP TRACT AS DESCRIBED BY DEED
RECORDED IN COUNTY CLERK FILE NO. D223038385 THE FOLLOWING COURSES AND DISTANCES:
EXHIBIT C-1
421.082 ACRES
WITH SAID CURVE TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 44°11'06", AN ARC -DISTANCE
OF 630.05 FEET TO A SET IRON ROD;
SOUTH 32°54'28" EAST, A DISTANCE OF 100.32 FEET TO A SET IRON ROD; TO THE BEGINNING OF
A CURVE TO THE LEFT, HAVING A RADIUS OF 707.00 FEET, AND A CHORD THAT BEARS SOUTH
37°51'06" EAST, 121.86 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 09°53'16", AN ARC -DISTANCE
OF 122.01 FEET TO A SET IRON ROD;
SOUTH 42°47'44" EAST, A DISTANCE OF 46.35 FEET TO A SET IRON ROD;
SOUTH 87°24'54" EAST, A DISTANCE OF 14.24 FEET TO A SET IRON ROD ON THE NORTHWESTERN
RIGHT-OF-WAY LINE OF SAID BENBROOK BOULEVARD;
THENCE SOUTH 47°57'57" WEST, WITH SAID NORTHWESTERN RIGHT-OF-WAY LINE, A DISTANCE OF
130.01 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF 421.082 ACRES
(18,342,393 SQ. FEET) OF LAND.
PRELIMINARY, THIS DOCUMENT SHALL NOT BE RECORDED FOR ANY PURPOSE AND SHALL NOT BE USED,
VIEWED OR RELIED UPON AS A FINAL SURVEY DOCUMENT.
Aaron C. Brown, R.P.L.S. September 16, 2025
Registered Professional Land Surveyor
Texas Registration No. 6702
LJA Surveying, Inc.
3017 West 7t" Street, Suite 300
Fort Worth, Texas 76107
817-288-1900
TBPELS Firm No. 10194382
APPENDIX C-2
IMPROVEMENT AREA #5 LEGAL DESCRIPTION
EXHIBIT "A"
72.059 -ACRE TRACT
BEING A 72.059 -ACRE TRACT OF LAND SITUATED IN THE T. F. ROGERS SURVEY, ABSTRACT NO. 1357 AND
THE WILLIAM ATKINS SURVEY, ABSTRACT NO. 1961, CITY OF FORT WORTH, TARRANT COUNTY, TEXAS,
AND BEING A PORTION OF THOSE TRACTS OF LAND DESCRIBED TO PMB VENTANA DEVELOPER SOUTH
LLC BY DEED RECORDED IN COUNTY CLERK FILE NOS. D221026481 (HEREINAFTER REFERRED TO AS "PMB
VENTANA TRACT 1") AND D224176443 (HEREINAFTER REFERRED TO AS "PMB VENTANA TRACT 2"),
OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND BEING ALL OF THAT TRACT OF LAND
DESCRIBED TO PHDFW-VENTANA 36 LLC BY DEED RECORDED IN COUNTY CLERK FILE NO. D224169598
OF SAID OFFICIAL PUBLIC RECORDS AND BEING ALL OF THAT TRACT OF LAND DESCRIBED TO AMERICAN
LEGEND LOT HOLDINGS LLC BY DEED RECORDED IN COUNTY CLERK FILE NO. D224123917 OF SAID
OFFICIAL PUBLIC RECORDS AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS
FOLLOWS:
BEGINNING AT A 5/8 -INCH CAPPED IRON ROD STAMPED "JACOBS" FOUND FOR THE WEST COMMON
CORNER OF SAID PMB VENTANA TRACT 1 AND A TRACT OF LAND DESCRIBED TO FW CLUB LP BY DEED
RECORDED IN COUNTY CLERK FILE NO. D224085431 OF SAID OFFICIAL PUBLIC RECORDS;
THENCE NORTH 00°3229" WEST, WITH THE WEST LINE OF SAID PMB VENTANA TRACT 1, A DISTANCE OF
1074.43 FEET TO A 5/8 -INCH CAPPED IRON ROD STAMPED "LJA SURVEYING" SET (HEREINAFTER
REFERRED TO AS "IRON ROD SET") FOR THE SOUTHEAST CORNER OF SAID PMB VENTANA TRACT 2;
THENCE NORTH 29°01'22" WEST, WITH THE SOUTHWESTERLY LINE OF SAID PMB VENTANA TRACT 2, A
DISTANCE OF 310.00 FEET TO AN IRON ROD SET;
THENCE OVER AND ACROSS SAID PMB VENTANA TRACT 2, THE FOLLOWING COURSES AND DISTANCES:
NORTH 60°5838" EAST, A DISTANCE OF 60.00 FEET TO AN IRON ROD SET;
NORTH 29°01'22" WEST, A DISTANCE OF 125.00 FEET TO AN IRON ROD SET;
NORTH 60°58'38" EAST, A DISTANCE OF 176.00 FEET TO AN IRON ROD SET ON THE WEST LINE
OF SAID PMB VENTANA TRACT 1;
THENCE NORTH 00°32'29" WEST, WITH SAID WEST LINE, A DISTANCE OF 341.31 FEET TO A 5/8 -INCH
CAPPED IRON ROD STAMPED "JACOBS" FOUND FOR THE SOUTHWEST CORNER OF LOT 18, BLOCK 26,
VENTANA, PHASE 5A, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS
SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D221277917, PLAT RECORDS OF TARRANT
COUNTY, TEXAS;
THENCE NORTH 60°58'38" EAST, WITH THE NORTHERLY LINE OF SAID PMB VENTANA TRACT 1, A
DISTANCE OF 604.61 FEET TO A 5/8 -INCH CAPPED IRON ROD STAMPED "LJA SURVEYING" FOUND
(HEREINAFTER REFERRED TO AS "CAPPED IRON ROD FOUND" ON THE SOUTHWEST RIGHT-OF-WAY LINE
OF EMBARGO ROAD (A 50 -FOOT WIDE RIGHT-OF-WAY), SAME BEING THE NORTHWEST CORNER OF
VENTANA, PHASE 6A-1, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS
SHOWN BY PLAT RECORDED IN COUNTY CLERK FILE NO. D222166626 OF SAID PLAT RECORDS;
THENCE WITH SAID SOUTHWEST RIGHT-OF-WAY LINE, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 29°01'22" EAST, A DISTANCE OF 535.00 FEET TO A CAPPED IRON ROD FOUND;
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EXHIBIT "A"
72.059 -ACRE TRACT
SOUTH 15°58'38" WEST, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 29°01'22" EAST, A DISTANCE OF 50.00 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 74°01'22" EAST, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 29°01'22" EAST, A DISTANCE OF 230.00 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 15°58'38" WEST, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 29°01'22" EAST, A DISTANCE OF 50.00 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 74°01'22" EAST, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 29°01'22" EAST, A DISTANCE OF 1.92 FEET TO A CAPPED IRON ROD FOUND FOR THE
BEGINNING OF A CURVE TO THE LEFT HAVING A RADIUS OF 1525.00 FEET AND A CHORD THAT
BEARS SOUTH 33°10'56" EAST, 221.22 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 8°19'08", AN ARC -DISTANCE
OF 221.42 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 37°20'30" EAST, A DISTANCE OF 40.91 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 07°09'49" WEST, A DISTANCE OF 14.26 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 37°20'30" EAST, A DISTANCE OF 50.01 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 82°50'11" EAST, A DISTANCE OF 14.02 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 37°20'30" EAST, A DISTANCE OF 168.42 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 10°07'50" WEST, A DISTANCE OF 13.52 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 31°57'59" EAST, A DISTANCE OF 60.00 FEET TO A CAPPED IRON ROD FOUND;
NORTH 57°48'39" EAST, A DISTANCE OF 5.64 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 80°04'28" EAST, A DISTANCE OF 14.69 FEET TO A CAPPED IRON ROD FOUND FOR THE
WEST COMMON CORNER OF SAID VENTANA PHASE 6A-1 ADDITION AND VENTANA, PHASE 6B,
AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS, AS SHOWN BY PLAT
RECORDED IN COUNTY CLERK FILE NO. D224076545 OF SAID PLAT RECORDS;
THENCE WITH THE SOUTHWESTERLY LINE OF SAID VENTANA PHASE 6B, THE FOLLOWING COURSES AND
DISTANCES:
SOUTH 37°20'30" EAST, A DISTANCE OF 110.29 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 09°34'50" WEST, A DISTANCE OF 13.66 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 33°09'44" EAST, A DISTANCE OF 50.00 FEET TO A CAPPED IRON ROD FOUND FOR THE
SOUTHWEST CORNER OF SAID VENTANA PHASE 6B ADDITION ON THE NORTH LINE OF SAID
AMERICAN LEGEND LOT HOLDINGS LLC TRACT;
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EXHIBIT "A"
72.059 -ACRE TRACT
THENCE WITH THE NORTHWESTERLY LINE OF SAID AMERICAN LEGEND LOT HOLDINGS LLC TRACT, THE
FOLLOWING COURSES AND DISTANCES:
NORTH 56°43'20" EAST, A DISTANCE OF 3.65 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 80°3133" EAST, A DISTANCE OF 14.58 FEET TO A CAPPED IRON ROD FOUND;
NORTH 54°23'23" EAST, A DISTANCE OF 50.02 FEET TO A CAPPED IRON ROD FOUND;
NORTH 07°34'26" EAST, A DISTANCE OF 14.16 FEET TO A CAPPED IRON ROD FOUND FOR THE
BEGINNING OF A NON -TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 905.00 FEET AND A
CHORD THAT BEARS NORTH 50°0334" EAST, 66.76 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 4°13'38", AN ARC -DISTANCE
OF 66.77 FEET TO A CAPPED IRON ROD FOUND;
NORTH 47°56'45" EAST, A DISTANCE OF 33.43 FEET TO A CAPPED IRON ROD FOUND FOR THE
NORTHEAST CORNER OF SAID AMERICAN LEGEND LOT HOLDINGS LLC TRACT, SAME BEING A
REENTRANT CORNER OF SAID VENTANA PHASE 6B ADDITION;
THENCE WITH THE SOUTHWESTERLY LINE OF SAID VENTANA PHASE 6B, THE FOLLOWING COURSES AND
DISTANCES:
SOUTH 37°20'30" EAST, A DISTANCE OF 565.64 FEET TO A CAPPED IRON ROD FOUND;
NORTH 52°39'30" EAST, A DISTANCE OF 105.00 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 37°20'30" EAST, A DISTANCE OF 153.02 FEET TO A CAPPED IRON ROD FOUND FOR THE
SOUTHWEST CORNER OF SAID VENTANA PHASE 6B ADDITION ON THE NORTHWESTERLY LINE OF
SAID FW CLUB LP TRACT;
THENCE WITH SAID NORTHWESTERLY LINE, THE FOLLOWING COURSES AND DISTANCES:
SOUTH 46°56'31" WEST, A DISTANCE OF 287.44 FEET TO A 5/8 -INCH CAPPED IRON ROD
STAMPED "JACOBS" FOUND;
SOUTH 14°56'25" WEST, A DISTANCE OF 122.85 FEET TO A 5/8 -INCH CAPPED IRON ROD
STAMPED "JACOBS" FOUND;
SOUTH 32°45'42" EAST, A DISTANCE OF 102.90 FEET TO AN IRON ROD SET;
SOUTH 60°24'29" WEST, A DISTANCE OF 780.16 FEET TO AN IRON ROD SET;
WEST, A DISTANCE OF 628.83 FEET TO AN IRON ROD SET;
NORTH 07°05'06" WEST, A DISTANCE OF 246.75 FEET TO AN IRON ROD SET;
NORTH 24°54'16" WEST, A DISTANCE OF 164.11 FEET TO AN IRON ROD SET;
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EXHIBIT "A"
72.059 -ACRE TRACT
SOUTH 89°27'34" WEST, A DISTANCE OF 444.34 FEET TO THE POINT OF BEGINNING AND
CONTAINING A CALCULATED AREA OF 72.059 ACRES (3,138,884 SQ. FEET) OF LAND.
PRELIMINARY, THIS DOCUMENT SHALL NOT BE RECORDED FOR ANY PURPOSE AND SHALL NOT BE USED,
VIEWED OR RELIED UPON AS A FINAL SURVEY DOCUMENT.
Aaron C. Brown, R.P.L.S. September 17, 2025
Registered Professional Land Surveyor
Texas Registration No. 6702
LJA Surveying, Inc.
3017 West 7th Street, Suite 300
Fort Worth, Texas 76107
817-288-1900
TBPELS Firm No. 10194382
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APPENDIX C-3
IMPROVEMENT AREA #6 LEGAL DESCRIPTION
METES & BOUNDS DESCRIPTION
BEING A 144.658 -ACRE TRACT OF LAND SITUATED IN THE S.A. & M.G. SURVEY, ABSTRACT NOS. 1903
AND 1479 AND THE WILLIAM ATKINS SURVEY, ABSTRACT NO. 1961, TARRANT COUNTY, TEXAS, AND
BEING A PORTION OF THAT TRACT OF LAND DESCRIBED TO PMB SWFW DEV CO LLC BY DEED RECORDED
IN COUNTY CLERK FILE NO. D224176444, OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS, AND
BEING ALSO A PORTION OF THAT TRACT OF LAND DESCRIBED TO PMB VEALE LAND INVESTORS 1 LP BY
DEED RECORDED IN COUNTY CLERK FILE NO. D224176442 OF SAID OFFICIAL PUBLIC RECORDS, AND
BEING ALSO ALL OF THAT TRACT OF LAND DESCRIBED TO HIGHLAND HOMES - DALLAS LLC BY DEED
RECORDED IN COUNTY CLERK FILE NO. D224194263 (HEREINAFTER REFERRED TO AS "HIGHLAND
HOMES TRACT 1") OF SAID OFFICIAL PUBLIC RECORDS, AND BEING ALSO A PORTION OF THAT TRACT OF
LAND DESCRIBED TO HIGHLAND HOMES - DALLAS LLC BY DEED RECORDED IN COUNTY CLERK FILE NO.
D225197854 (HEREINAFTER REFERRED TO AS "HIGHLAND HOMES TRACT 2") OF SAID OFFICIAL PUBLIC
RECORDS, AND BEING ALSO ALL OF THAT TRACT OF LAND DESCRIBED TO CND -PO 1 VENTANA LLC BY
DEED RECORDED IN COUNTY CLERK FILE NO. D224191530 OF SAID OFFICIAL PUBLIC RECORDS, AND
BEING ALSO ALL OF THAT TRACT OF LAND DESCRIBED TO KL LB BUY 5 LLC BY DEED RECORDED IN
COUNTY CLERK FILE NO. D224187768 OF SAID OFFICIAL PUBLIC RECORDS, AND BEING ALSO ALL OF
THAT TRACT OF LAND DESCRIBED TO VENTANA-FORT WORTH LP BY DEED RECORDED IN COUNTY CLERK
FILE NO. D224187760 OF SAID OFFICIAL PUBLIC RECORDS, AND BEING ALSO A PORTION OF THAT TRACT
OF LAND DESCRIBED TO PMB VENTANA DEVELOPER SOUTH LLC BY DEED RECORDED IN COUNTY CLERK
FILE NO. D224176443 OF SAID OFFICIAL PUBLIC RECORDS, AND BEING ALSO A PORTION OF THAT TRACT
OF LAND DESCRIBED TO TRT LAND INVESTORS LLC BY DEED RECORDED IN COUNTY CLERK FILE NO.
D221245221 OF SAID OFFICIAL PUBLIC RECORDS, AND BEING MORE PARTICULARLY DESCRIBED BY
METES AND BOUNDS AS FOLLOWS:
BEGINNING AT A 5/8 -INCH CAPPED IRON ROD STAMPED "LJA SURVEYING" FOUND (HEREINAFTER
REFERRED TO AS A "CAPPED IRON ROD FOUND") FOR THE NORTHEAST CORNER OF SAID VENTANA-
FORT WORTH LP TRACT, FROM WHICH A 1 -INCH IRON ROD FOUND FOR THE NORTHWEST CORNER OF
VENTANA 3B, AN ADDITION TO THE CITY OF FORT WORTH, TARRANT COUNTY, TEXAS AS SHOWN BY
PLAT RECORDED IN COUNTY CLERK FILE NO. D221278153, PLAT RECORDS, TARRANT COUNTY, TEXAS,
BEARS NORTH 00°3223" WEST, A DISTANCE OF 1,174.03 FEET;
THENCE SOUTH 00°3223" EAST, PASSING A CAPPED IRON ROD FOUND FOR THE EAST COMMON
CORNER OF SAID VENTANA-FORT WORTH LP TRACT AND SAID KL LB BUY 5 LLC TRACT AT 817.96 FEET
AND CONTINUING WITH THE EAST LINE OF SAME TRACT, PASSING A CAPPED IRON ROD FOUND FOR THE
SOUTHEAST CORNER OF SAID KL LB BUY 5 LLC TRACT AT 1,875.33 FEET AND CONTINUING WITH THE
EASTERLY LINE OF SAID PMB VEALE LAND INVESTORS 1 LP TRACT FOR A TOTAL DISTANCE IN ALL OF
1,935.33 FEET TO A CAPPED IRON ROD FOUND FOR THE NORTHEAST CORNER OF SAID HIGHLAND
HOMES TRACT 2;
THENCE SOUTH 89°27'37" WEST, WITH THE NORTHERLY LINE OF SAID HIGHLAND HOMES TRACT 2, A
DISTANCE OF 382.00 FEET TO A CAPPED IRON ROD FOUND FOR THE NORTHERNMOST COMMON
CORNER OF SAID HIGHLAND HOMES TRACT 2 AND HIGHLAND HOMES TRACT 1;
THENCE SOUTH 44°27'37" WEST, WITH THE COMMON LINE OF SAID HIGHLAND HOMES TRACT 1 AND
HIGHLAND HOMES TRACT 2, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD FOUND;
THENCE SOUTH 00°32'23" EAST, CONTINUING WITH SAID COMMON LINE, A DISTANCE OF 120.00 FEET;
THENCE OVER AND ACROSS SAID HIGHLAND HOMES TRACT 2, THE FOLLOWING COURSES AND
DISTANCES:
SOUTH 45°32'23" EAST, A DISTANCE OF 14.14 FEET;
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METES & BOUNDS DESCRIPTION
NORTH 89°27'37" EAST, A DISTANCE OF 8.50 FEET;
SOUTH 00°3226" EAST, A DISTANCE OF 50.00 FEET;
SOUTH 89°27'37" WEST, A DISTANCE OF 8.50 FEET;
SOUTH 44°27'37" WEST, A DISTANCE OF 14.14 FEET TO A POINT ON SAID COMMON LINE;
THENCE SOUTH 00°3223" EAST, WITH SAID COMMON LINE, A DISTANCE OF 800.00 FEET TO A CAPPED
IRON ROD FOUND;
THENCE SOUTH 45°32'23" EAST, CONTINUING WITH SAID COMMON LINE, A DISTANCE OF 14.14 FEET
TO A CAPPED IRON ROD FOUND;
THENCE OVER AND ACROSS SAID HIGHLAND HOMES TRACT 2, THE FOLLOWING COURSES AND
DISTANCES:
NORTH 89°27'37" EAST, A DISTANCE OF 8.46 FEET;
SOUTH 00°44'03" EAST, A DISTANCE OF 50.00 FEET;
SOUTH 89°27'37" WEST, A DISTANCE OF 8.63 FEET TO A CAPPED IRON ROD FOUND FOR THE
EASTERNMOST SOUTHEAST CORNER OF SAID HIGHLAND HOMES TRACT 1;
SOUTH 44°09'09" WEST, A DISTANCE OF 14.07 FEET TO THE BEGINNING OF A NON -TANGENT
CURVE TO THE LEFT HAVING A RADIUS OF 415.00 FEET AND A CHORD THAT BEARS
SOUTH 15°25'59" EAST, 195.02 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 27°10'45", AN ARC -DISTANCE
OF 196.86 FEET;
SOUTH 29°01'22" EAST, PASSING THE SOUTHEAST LINE OF SAID HIGHLAND HOMES TRACT 2,
SAME BEING THE NORTHWEST LINE OF SAID PMB VENTANA DEVELOPER SOUTH LLC TRACT AT
92.75 FEET AND CONTINUING OVER AND ACROSS SAID PMB VENTANA DEVELOPER SOUTH LLC
TRACT FOR A TOTAL DISTANCE IN ALL OF 517.75 FEET;
THENCE SOUTH 60°58'38" WEST, CONTINUING OVER AND ACROSS SAID PMB VENTANA DEVELOPER
SOUTH LLC TRACT, A DISTANCE OF 60.00 FEET TO THE SOUTHWESTERLY LINE OF SAME TRACT;
THENCE NORTH 29°01'22" WEST, WITH SAID SOUTHWESTERLY LINE, PASSING THE NORTHWEST CORNER
OF SAID PMB VENTANA DEVELOPER SOUTH LLC TRACT AT 425.00 FEET AND CONTINUING OVER AND
ACROSS SAID HIGHLAND HOMES 2 TRACT FOR A TOTAL DISTANCE IN ALL OF 517.75 FEET TO THE
BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF 475.00 FEET AND A CHORD THAT BEARS
NORTH 15°21'03" WEST, 224.54 FEET;
THENCE CONTINUING OVER ACROSS SAID HIGHLAND HOMES TRACT 2 AND WITH SAID CURVE TO THE
RIGHT, THROUGH A CENTRAL ANGLE OF 27°20'38", AN ARC -DISTANCE OF 226.69 FEET;
THENCE NORTH 45°48'31" WEST, CONTINUING OVER AND ACROSS SAID HIGHLAND HOMES TRACT 2, A
DISTANCE OF 14.21 FEET TO THE NORTH LINE OF SAME TRACT, SAME BEING THE SOUTHERLY LINE OF
SAID HIGHLAND HOMES TRACT 1;
THENCE WITH THE BOUNDS OF SAID HIGHLAND HOMES TRACT 1, THE FOLLOWING COURSES AND
DISTANCES:
SOUTH 89°27'37" WEST, A DISTANCE OF 915.00 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 45°32'23" EAST, A DISTANCE OF 14.14 FEET TO A CAPPED IRON ROD FOUND;
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METES & BOUNDS DESCRIPTION
SOUTH 00°3223" EAST, A DISTANCE OF 15.04 FEET TO A CAPPED IRON ROD FOUND FOR A
CURVE TO THE LEFT HAVING A RADIUS OF 690.00 FEET AND A CHORD THAT BEARS
SOUTH 04°26'15" EAST, 93.81 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 7°47'44", AN ARC -DISTANCE
OF 93.88 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 81°39'54" WEST, A DISTANCE OF 165.11 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 78°00'05" WEST, A DISTANCE OF 181.60 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 11°5955" EAST, A DISTANCE OF 5.00 FEET TO A CAPPED IRON ROD FOUND;
SOUTH 78°00'05" WEST, A DISTANCE OF 639.70 FEET TO A CAPPED IRON ROD FOUND;
NORTH 74°37'40" WEST, A DISTANCE OF 64.26 FEET TO A CAPPED IRON ROD FOUND;
NORTH 66°38'16" WEST, A DISTANCE OF 70.32 FEET TO A CAPPED IRON ROD FOUND;
NORTH 35°20'03" WEST, A DISTANCE OF 112.26 FEET TO A CAPPED IRON ROD FOUND;
NORTH 11°59'55" WEST, A DISTANCE OF 319.43 FEET TO A CAPPED IRON ROD FOUND;
NORTH 10°06'12" WEST, A DISTANCE OF 78.07 FEET TO A CAPPED IRON ROD FOUND;
NORTH 05°24'41" WEST, A DISTANCE OF 79.09 FEET TO A CAPPED IRON ROD FOUND;
NORTH 00°39'54" WEST, A DISTANCE OF 79.09 FEET TO A CAPPED IRON ROD FOUND;
NORTH 04°04'53" EAST, A DISTANCE OF 79.09 FEET TO A CAPPED IRON ROD FOUND;
NORTH 08°49'40" EAST, A DISTANCE OF 79.09 FEET TO A CAPPED IRON ROD FOUND;
NORTH 13°34'27" EAST, A DISTANCE OF 79.09 FEET TO A CAPPED IRON ROD FOUND;
NORTH 18°19'15" EAST, A DISTANCE OF 217.15 FEET TO A CAPPED IRON ROD FOUND FOR THE
BEGINNING OF A NON -TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 3755.00 AND A
CHORD THAT BEARS NORTH 39°03'29" EAST, 50.27 FEET;
WITH SAID CURVE TO THE LEFT, THROUGH A CENTRAL ANGLE OF 0°46'01", AN ARC -DISTANCE
OF 50.27 FEET;
THENCE NORTH 51°36'37" WEST, DEPARTING THE WESTERLY LINE OF SAID HIGHLAND HOMES TRACT 1,
OVER AND ACROSS SAID PMB SWFW DEV CO LLC TRACT, PASSING THE WESTERLY LINE OF SAME TRACT
AT 54.12 FEET AND CONTINUING OVER AND ACROSS SAID PMB VEALE LAND INVESTORS 1 LP TRACT FOR
A TOTAL DISTANCE IN ALL OF 54.97 FEET TO THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT
HAVING A RADIUS OF 3700.59 FEET AND A CHORD THAT BEARS NORTH 24°57'40" EAST, 1754.66 FEET;
THENCE OVER AND ACROSS SAID PMB VEALE LAND INVESTORS 1 LP TRACT AND WITH SAID CURVE TO
THE LEFT, PASSING THE EASTERLY LINE OF SAID PMB SWFW DEV CO LLC TRACT AT 184.04 FEET AND
CONTINUING OVER AND ACROSS SAME TRACT FOR A TOTAL ARC -DISTANCE IN ALL OF 1771.53 FEET;
THENCE NORTH 11°14'46" EAST, CONTINUING OVER AND ACROSS SAID PMB SWFW DEV CO LLC TRACT,
A DISTANCE OF 434.46 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT HAVING A RADIUS OF
2000.00 FEET AND A CHORD THAT BEARS NORTH 12°14'58" EAST, 70.04 FEET;
THENCE CONTINUING OVER AND ACROSS SAID PMB SWFW DEV CO LLC TRACT AND WITH SAID CURVE
TO THE RIGHT, THROUGH A CENTRAL ANGLE OF 2°00'24", PASSING THE NORTHERLY LINE OF SAME
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METES & BOUNDS DESCRIPTION
TRACT AT 43.97 FEET AND CONTINUING OVER AND ACROSS SAID TRT LAND INVESTORS LLC TRACT FOR
A TOTAL ARC -DISTANCE IN ALL OF 70.04 FEET;
THENCE SOUTH 77°02'02" EAST, CONTINUING OVER AND ACROSS SAID TRT LAND INVESTORS LLC
TRACT, A DISTANCE OF 55.00 FEET TO THE BEGINNING OF A NON -TANGENT CURVE TO THE LEFT HAVING
A RADIUS OF 1945.00 FEET AND A CHORD THAT BEARS SOUTH 13°06'48" WEST, 10.00 FEET;
THENCE CONTINUING OVER AND ACROSS SAID TRT LAND INVESTORS LLC TRACT AND WITH SAID CURVE
TO THE LEFT, THROUGH A CENTRAL ANGLE OF 0°17'40", AN ARC -DISTANCE OF 10.00 FEET TO A CAPPED
IRON ROD FOUND FOR THE NORTHWEST CORNER OF SAID VENTANA-FORT WORTH LP TRACT;
THENCE NORTH 89°27'37" EAST, WITH THE NORTHERLY LINE OF SAID VENTANA-FORT WORTH LP TRACT,
A DISTANCE OF 1575.35 FEET TO THE POINT OF BEGINNING AND CONTAINING A CALCULATED AREA OF
144.658 ACRES (6,301,287 SQ. FEET) OF LAND.
PRELIMINARY, THIS DOCUMENT SHALL NOT BE RECORDED FOR ANY PURPOSE AND
SHALL NOT BE USED OR VIEWED OR RELIED UPON AS A FINAL SURVEY DOCUMENT.
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Page 4 of 4
APPENDIX D
DIAGRAMS OF THE AUTHORIZED IMPROVEMENTS
Improvement Area #4
0 150 300
J
CONNECT TO -
EXISTING 16"
• WATERLINE
(X-09278)
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EXISTING 16'
WATERLINE
(X-09278)
1 2" WATER; INF
o ;
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I I I
CONNECT TO CONNECT TO
EXISTING 8" EXISTING 6"
WATERLINE WATERLINE
(X-10725) (X-10362)
LEGEND
PID ELK;IBLE WATER LINE
EXISTING WATER I ICE ------------
IPRCU-0DOI
r I CPNI03:M
11
16 WATERLINE
CONNECT TO
EXISTING 16"
WATERLINE
(X-091 18)
W
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9
PID EXHIBIT
WATER IMPROVEMENTS
KEN WOOD AVE & LONGVUE AVE
b
6060 North Central Expressway Phone 469.6210710
Sule 400
Dallas. Texas 75206 FRN - F-1386
Improvement Area #5
E H
FlD INFRASTRUCTURE
Improvement Area #6
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APPENDIX E
PID ASSESSMENT NOTICE
AFTER RECORDING RETURN TO:
11
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF FORT WORTH, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS OF PROPERTY
LOT TYPE PRINCIPAL ASSESSMENT: $
As the purchaser of the real property described above, you are obligated to pay assessments
to the City of Fort Worth, Texas (the "City"), for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property within
Fort Worth Public Improvement District No. 22 (Veale Ranch) (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE
ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL
INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE
AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND
DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City. The exact amount of
each annual installment will be approved each year by the City Council in the annual service plan
update for the district. More information about the assessments, including the amounts and due
dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Tarrant County, Texas or Parker County, Texas.
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF SIGNATURE OF
PURCHASER PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE:
SIGNATURE OF SELLER
DATE:
SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF SIGNATURE OF
PURCHASER PURCHASER
STATE OF TEXAS §
COUNTY OF §
The foregoing instrument was acknowledged before me by and
, known to me to be the person(s) whose name(s) is/are subscribed to the
foregoing instrument and acknowledged to me that he or she executed the same for the purposes
therein expressed.
Given under my hand and seal of office on this , 20_.
Notary Public, State of Texas]3
s To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Tarrant County, Texas or Parker County, Texas.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
The undersigned seller acknowledges providing a separate copy of the notice required
by Section 5.014 of the Texas Property Code including the current information required by
Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real
property at the address above.
DATE:
SIGNATURE OF SELLER
STATE OF TEXAS §
COUNTY OF §
DATE:
SIGNATURE OF SELLER
The foregoing instrument was acknowledged before me by and
, known to me to be the person(s) whose name(s) is/are subscribed to the
foregoing instrument and acknowledged to me that he or she executed the same for the
purposes therein expressed.
Given under my hand and seal of office on this , 20_.
Notary Public, State of Texas]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Tarrant County, Texas or Parker County,
Texas.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
APPENDIX F
ASSESSMENT PER UNIT, PROJECTED LEVERAGE AND PROJECTED TAX RATE
EQUIVALENTS
Appendix F
For purposes of calculating and allocating the Assessments, the Assessed Property has been
classified in one of seven Lot Types.
"Lot Type 1" means lots identified as such on the Assessment Roll, being lots typically
considered estate lots.
"Lot Type 2" means lots identified as such on the Assessment Roll, being lots typically
considered cottage lots.
"Lot Type 3" means lots identified as such on the Assessment Roll. being lots typically with a
Lot width of approximately 70 feet.
"Lot Type 4" means lots identified as such on the Assessment Roll, being lots typically with a
Lot width of approximately 60 feet.
"Lot Type 5" means lots identified as such on the Assessment Roll, being lots typically with a
Lot width of approximately 50 feet.
"Lot Type 6" means lots identified as such on the Assessment Roll, being lots typically with a
Lot width of approximately 40 feet.
"Lot Type 7" means lots identified as such on the Assessment Roll, being lots typically with a
Lot considered as a 4 -pack.
A) Proposed Residential Development
Table F -A-1 shows the proposed total units to be developed within the PID.
Table F -A-1
Proposed Development within the PID
Proposed Development Quantity Measurement
Residential Units
Single-family 6,000 Units
Multi -family 11,000,000 GSF
Commercial
Retail Pad
600,000
GSF
Retail (Big Box)
900,000
GSF
Office
5,000,000
GSF
Industrial
12,000,000
GSF
Table F -A-2 shows the actual units developed within Improvement Areas #1, #2, and #3.
Table F -A-2
Actual Development — Improvement Area #1, #2, and #3
Proposed Development
Quantity
Measurement
Residential
Units
Single-family
273
Units
Multi -family
206,048
GSF
Commercial
Industrial
1,592,554
GSF
Table F -A-3 shows the proposed residential units within Improvement Area #4.
Table F -A-3
Proposed Development — Improvement Area #4
Lot Type Proposed Development
Lot Type 1 (Estate Lots) 100 Units
Lot Type 2 (Cottage Lots) 36 Units
Total 136 Units
Table F -A-4 shows the proposed residential Lot Types within Improvement Area #5.
Table F -A-4
Proposed Development — Improvement Area #5
Lot Type
Proposed Development
Lot Type 3 (70 Ft)
39
Units
Lot Type 4 (60 Ft)
38
Units
Lot Type 5 (50 Ft)
163
Units
Lot Type 6 (40 Ft)
37
Units
Total
277
Units
Table F -A-5 shows the proposed residential Lot Types within Improvement Area #6.
Table F -A-5
Proposed Development — Improvement Area #6
Lot Type
Proposed Development
Lot Type 3 (70 Ft)
64
Units
Lot Type 4 (60 Ft)
166
Units
Lot Type 5 (50 Ft)
115
Units
Lot Type 6 (40 Ft)
188
Units
Lot Type 7 (4 -pack)
56
Units
Total
589
Units
Table F -A-6 shows the proposed units within the Future Improvement Areas.
Table F -A-6
Proposed Development — Future Improvement Areas
Proposed Development Quantity Measurement
Residential Units
Single-family 4,464 Units
Multi -family 10,793,952 GSF
Commercial
Retail Pad 600,000 GSF
Retail (Big Box) 900,000 GSF
Office 5,000,000 GSF
Industrial 10,407,446 GSF
B) Calculation of Equivalent Units
As explained under Section V.D, for the purposes of this Service and Assessment Plan, the City
Council has determined that the Actual Costs of the Improvement Area #4 Improvements and
Improvement Area #5 Improvements financed with the Improvement Area #4 and #5 Bonds, and
the Improvement Area #6 Improvements to be financed under the Improvement Area #6
Reimbursement Agreement shall be allocated to the Improvement Area #4 Assessed Property, the
Improvement Area #5 Assessed Property, and the Improvement Area #6 Assessed Property,
respectively, by spreading the entire Improvement Area #4 Assessment, Improvement Area #5
Assessment, and Improvement Area #6 Assessment across the Parcels of Improvement Area #4
Assessed Property, Improvement Area #5 Assessed Property, and Improvement Area #6 Assessed
Property, respectively, based on the estimated Equivalent Units.
For the purposes of this Service and Assessment Plan, the City Council has determined that the
Improvement Area #4 Assessments, the Improvement Area #5 Assessments, and the Improvement
Area #6 Assessments shall be allocated to the Improvement Area #4 Assessed Property,
Improvement Area #5 Assessed Property, and Improvement Area #6 Assessed Property on the
basis of the average home value of each Lot Type, and that such method of allocation will result
in the imposition of equal shares of the Improvement Area #4 Assessments, the Improvement
Area #5 Assessments, and the Improvement Area #6 Assessments on Parcels of Improvement
Area #4 Assessed Property, the Improvement Area #5 Assessed Property, and the Improvement
Area #6 Assessed Property, respectively, similarly benefited. In determining the average home
value of each Lot Type, the City Council has taken into consideration (i) the Lot Types (i.e., 70
Ft, 60 Ft, etc.); (ii) current and projected home prices; (iii) the costs of the Authorized
Improvements, and (iv) the ability of different property types to utilize and benefit from the
Authorized Improvements.
Improvement Area #4
Having taken into consideration the matters described above; the City Council has determined
that allocating the Improvement Area #4 Assessments among Parcels of Improvement Area #4
Assessed Property based on average home value is best accomplished by creating classifications
of benefited Parcels based on the "Lot Types" defined above. These classifications from Lot Type
1 (Estate Lots) which represents the highest value to Lot Type 2 (Cottage Lots) representing the
lowest value for residential lots are set forth in Table F -B-1. Improvement Area #4 Assessments
are allocated to each Lot Type on the basis of the average home value for each class of lot. This
is accomplished by giving each Lot Type an Equivalent Unit factor. Equivalent Units are the ratio
of the average value of lots within each lot class, setting the Equivalent Unit factor for Lot Type
1 (Estate Lot) to 1.0.
Table F -B-1
Equivalent Unit Factors - Improvement Area #4
Lot Type
Lot Type 1 (Estate Lot)
Lot Type 2 (Cottage Lot)
Improvement Area #5
Estimated
Average Unit Equivalent Unit
Value Factor
$4,250,000 1.00 Per dwelling unit
$3,250,000 0.76 Per dwelling unit
Having taken into consideration the matters described above; the City Council has determined
that allocating the Improvement Area #5 Assessments among Parcels of Improvement Area #5
Assessed Property based on average home value is best accomplished by creating classifications
of benefited Parcels based on the "Lot Types" defined above. These classifications from Lot Type
3 (70 Ft Lot) representing the highest value to Lot Type 6 (40 Ft Lot) representing the lowest
value for residential lots are set forth in Table F -B-2. Improvement Area #5 Assessments are
allocated to each Lot Type on the basis of the average home value for each class of lot. This is
accomplished by giving each Lot Type an Equivalent Unit factor. Equivalent Units are the ratio
of the average value of lots within each lot class, setting the Equivalent Unit factor for Lot Type
3 (70 Ft Lots) to 1.0.
Table F -B-2
Equivalent Unit Factors — Improvement Area #5
Estimated
Average Unit
Lot Type
Value
Equivalent Unit Factor
Lot Type 3 (70 Ft Lot)
$580,000
1.00 Per dwelling unit
Lot Type 4 (60 Ft Lot)
$530,000
0.91 Per dwelling unit
Lot Type 5 (50 Ft Lot)
$480,000
0.83 Per dwelling unit
Lot Type 6 (40 Ft Lot)
$430,000
0.74 Per dwelling unit
Improvement Area #6
Having taken into consideration the matters described above; the City Council has determined
that allocating the Improvement Area #6 Assessments among Parcels of Improvement Area #6
Assessed Property based on average home value is best accomplished by creating classifications
of benefited Parcels based on the "Lot Types" defined above. These classifications from Lot Type
3 (70 Ft Lot) representing the highest value to Lot Type 6 (40 Ft Lot) representing the lowest
value for residential lots are set forth in Table F -B-3. Improvement Area #6 Assessments are
allocated to each Lot Type on the basis of the average home value for each class of lot. This is
accomplished by giving each Lot Type an Equivalent Unit factor. Equivalent Units are the ratio
of the average value of lots within each lot class, setting the Equivalent Unit factor for Lot Type
3 (70 Ft Lots) to 1.0.
Table F -B-3
Equivalent Unit Factors — Improvement Area
#6
Estimated
Average Unit
Lot Type
Value
Equivalent Unit Factor
Lot Type 3 (70 Ft Lot)
$580,000
1.00
Per dwelling unit
Lot Type 4 (60 Ft Lot)
$530,000
0.91
Per dwelling unit
Lot Type 5 (50 Ft Lot)
$480,000
0.83
Per dwelling unit
Lot Type 6 (40 Ft Lot)
$430,000
0.74
Per dwelling unit
Lot Type 7 (4 -pack Lot)
$480,000
0.83
Per dwelling unit
C) Original Allocation of Assessments to Lots within Improvement Area #4
The total estimated Equivalent Units for Improvement Area #4 Assessed Property are shown in
Table F -C-1 as calculated based on the Equivalent Unit factors shown in Table F -B-1, estimated
Lot Types and number of units estimated to be built within Improvement Area #4.
Table F -C-1
Estimated Equivalent Units - Improvement Area #4
Total
Planned
Equivalent
Equivalent
Lot Type
No. of units
Unit Factor
Units
Lot Type 1 (Estate Lots)
100
1.00
100.00
Lot Type 2 (Cottage Lots)
36
0.76
27.36
Total
136
127.36
As shown in Section IV of this Service and Assessment Plan, the total amount of the original
obligation under the Improvement Area #4 Reimbursement Agreement, which represents the total
Improvement Area #4 Assessment to be allocated on all Parcels of Improvement Area #4 Assessed
Property, is $16,630,000. As shown in Table F -C-1, there are a total of 127.36 estimated
Equivalent Units in Improvement Area #4, resulting in an original Assessment per Equivalent
Unit of $130,574.75.
The original Improvement Area #4 Assessment per dwelling unit is calculated as the product of (i)
$130,574.75 multiplied by (ii) the applicable Equivalent Unit value for each Lot Type. For
example, the original Improvement Area #4 Assessment for a Lot Type 1 (Estate Lot) dwelling
unit is $130,574.75 (i.e. $130,574.75 x 1.00). The original Improvement Area #4 Assessment for
a Lot Type 2 (Cottage Lot) dwelling unit is $99,236.81 (i.e. $130,574.75 x 0.76), Table F -C-2 sets
forth the original Assessment per dwelling unit for each Lot Type in Improvement Area #4.
Table F -C-2
Assessment Per Unit — Improvement Area #4 - Original
Assessment
Planned per Equivalent
No. of Equivalent Unit Total
Type Units Unit Factor Assessment per Unit Assessments
Lot Type 1 (Estate Lots) 100 $130,574.75 1.00 $130,574.75 Per dwelling unit $13,057,475
Lot Type 2 (Cottage Lots) 36 $130,574.75 0.76 $99,236.81 Per dwelling unit $3,572,525
Total 136 $16,630,000
The original projected leverage calculated based on the estimated land values, finished lot values
and home values for each unit in Improvement Area #4 is shown in Table F -C-3.
Table F -C-3
Projected Leverage — Improvement Area #4 - Original
Planned
Estimated
Projected
Leverage
Leverage
No. of
Finished Lot
Home Value
Assessment
(Lot
(Home
Description Units
Value per unit
per unit
per Unit
Value)
Value)
Lot Type 1 (Estate Lots) 100
$1,500,000
$4,250,000
$130,574.75
11.49
32.55
Lot Type 2 (Cottage Lots) 36
$1,000,000
$3,250,000
$99,236.81
10.08
32.75
The original projected tax rate equivalent per unit calculated based on the estimated finished lot
values and home values for each unit in Improvement Area #4 is shown in Table F -C-4.
Table F -C-4
Estimated Tax Rate Equivalent per unit — Improvement Area #4 - Original
Projected
Projected
Tax Rate
Tax Rate
Planned
Estimated
Home
Average Annual
Equivalent
Equivalent
No. of
Finished Lot
Value per
Installment per
(per $100
(per $100
Description Units
Value per unit
unit
unit
Lot Value)
Home Value)
Lot Type 1 (Estate Lots) 100
$1,500,000
$4,250,000
$12,225.75
$0.8150
$0.2877
Lot Type 2 (Cottage Lots) 36
$1,000,000
$3,250,000
$9,304.88
$0.9305
$0.2863
D) Undated Allocation of Assessments to Lots within Improvement Area #4
As shown in Section IV of this Service and Assessment Plan, the Improvement Area #4 portion
of the Improvement Area #4 and #5 Bonds, which represents the total updated Improvement Area
#4 Assessment to be allocated on all Parcels of Improvement Area #4 Assessed Property, is
$16,255,000. As shown in Table F -C-1, there are a total of 127.36 estimated Equivalent Units in
Improvement Area #4, resulting in an updated Assessment per Equivalent Unit of $127,630.34.
The updated Improvement Area #4 Assessment per dwelling unit is calculated as the product of
(i) $127,630.34 multiplied by (ii) the applicable Equivalent Unit value for each Lot Type. For
example, the updated Improvement Area #4 Assessment for a Lot Type 1 (Estate Lot) dwelling
unit is $127,630.34 (i.e. $127,630.34 x 1.00). The updated Improvement Area #4 Assessment for
a Lot Type 2 (Cottage Lot) dwelling unit is $96,999.06 (i.e. $127,630.34 x 0.76), Table F -D-1 sets
forth the updated Assessment per dwelling unit for each Lot Type in Improvement Area #4.
Table F -D-1
Assessment Per Unit — Improvement Area #4 - Updated
Assessment
Planned
per
Equivalent
No. of
Equivalent
Unit
Total
Type
Units
Unit
Factor
Assessment per Unit Assessments
Lot Type 1 (Estate Lots)
100
$127,630.34
1.00
$127,630.34 Per dwelling unit $12,763,034
Lot Type 2 (Cottage Lots)
36
$127,630.34
0.76
$96,999.06 Per dwelling unit $3,491,966
Total
136
$16,255,000
The updated projected leverage calculated based on the estimated land values, finished lot values
and home values for each unit in Improvement Area #4 is shown in Table F -D-2.
Table F -D-2
Projected Leverage — Improvement Area #4 - Updated
Planned Estimated Projected
Leverage Leverage
No. of
Finished Lot
Home Value
Assessment
(Lot
(Home
Description Units
Value per unit
per unit
per Unit
Value)
Value)
Lot Type 1 (Estate Lots) 100
$1,500,000
$4,250,000
$127,630.34
11.75
33.30
Lot Type 2 (Cottage Lots) 36
$1,000,000
$3,250,000
$96,999.06
10.31
33.51
The updated projected tax rate equivalent per unit calculated based on the estimated finished lot
values and home values for each unit in Improvement Area #4 is shown in Table F -D-3.
Table F -D-3
Estimated Tax Rate Equivalent per unit — Improvement Area #4 - Updated
Projected
Projected
Tax Rate
Tax Rate
Planned
Estimated
Home
Average Annual
Equivalent
Equivalent
No. of
Finished Lot
Value per
Installment per
(per $100
(per $100
Description Units
Value per unit
unit
unit
Lot Value)
Home Value)
Lot Type 1 (Estate Lots) 100
$1,500,000
$4,250,000
$10,453.60
$0.6969
$0.2460
Lot Type 2 (Cottage Lots) 36
$1,000,000
$3,250,000
$7,944.74
$0.7945
$0.2445
The updated Improvement Area #4 Assessment and Annual Installments for each Parcel of
Improvement Area #4 Assessed Property is shown on the Improvement Area #4 Assessment Roll,
attached as Appendix G, and no Improvement Area #4 Assessment shall be changed except as
authorized by this Service and Assessment Plan and the PID Act.
E) Original Allocation of Assessments to Lots within Improvement Area #5
The total estimated Equivalent Units for Improvement Area #5 Assessed Property are shown in
Table F -E-1 as calculated based on the Equivalent Unit factors shown in Table F -B-2, estimated
Lot Types and number of units estimated to be built within Improvement Area #5.
Table F -E-1
Estimated Equivalent Units - Improvement Area #5
Total
Planned
Equivalent
Equivalent
Lot Type
No. of units
Unit Factor
Units
Lot Type 3 (70 Ft Lot)
39
1.00
39.00
Lot Type 4 (60 Ft Lot)
38
0.91
34.58
Lot Type 5 (50 Ft Lot)
163
0.83
135.29
Lot Type 6 (40 Ft Lot)
37
0.74
27.38
Total
277
236.25
As shown in Section IV of this Service and Assessment Plan, the total amount of the obligation
under the Improvement Area #5 Reimbursement Agreement, which represents the total original
Improvement Area #5 Assessment to be allocated on all Parcels of Improvement Area #5 Assessed
Property, is $6,809,000. As shown in Table F -E-1, there are a total of 236.25 estimated Equivalent
Units in Improvement Area #5, resulting in an original Improvement Area #5 Assessment per
Equivalent Unit of $28,821.16.
The original Improvement Area #5 Assessment per dwelling unit is calculated as the product of (i)
$28,821.16 multiplied by (ii) the applicable Equivalent Unit value for each Lot Type. For example,
the original Improvement Area #5 Assessment for a Lot Type 3 (70 Ft Lot) dwelling unit is
$28,821.16 (i.e. $28,821.16 x 1.00). The original Improvement Area #5 Assessment for a Lot Type
4 (60 Ft Lot) dwelling unit is $26,227.26 (i.e. $28,821.16 x 0.91), and so on. Table F -E-2 sets forth
the projected original Improvement Area #5 Assessment per dwelling unit for each Lot Type in
Improvement Area #5.
Table F -E-2
Assessment Per Unit — Improvement Area #5 - Original
Assessment
Planned
per
Equivalent
No. of
Equivalent
Unit
Total
Type
Units
Unit
Factor
Assessment per Unit
Assessments
Lot Type 3 (70 Ft Lot)
39
$28,821.16
1.00
$28,821.16 Per dwelling unit
$1,124,025
Lot Type 4 (60 Ft Lot)
38
$28,821.16
0.91
$26,227.26 Per dwelling unit
$996,636
Lot Type 5 (50 Ft Lot)
163
$28,821.16
0.83
$23,921.57 Per dwelling unit
$3,899,215
Lot Type 6 (40 Ft Lot)
37
$28,821.16
0.74
$21,327.66 Per dwelling unit
$789,123
Total
277
$6,809,000
The original projected leverage calculated based on the estimated
land values, finished lot values
and home values
for each unit in Improvement Area #5 is
shown in Table F -E-3.
Table F -E-3
Projected Leverage — Improvement Area #5 — Original
Planned
Estimated
Projected
Leverage
Leverage
No. of
Finished Lot
Home Value
Assessment
(Lot
(Home
Description
Units
Value per unit
per unit
per Unit
Value)
Value)
Lot Type 3 (70 Ft Lot)
39
$169,000
$580,000
$28,821.16
5.86
20.12
Lot Type 4 (60 Ft Lot)
38
$148,000
$530,000
$26,227.26
5.64
20.21
Lot Type 5 (50 Ft Lot)
163
$126,000
$480,000
$23,921.57
5.27
20.07
Lot Type 6 (40 Ft Lot)
37
$105,000
$430,000
$21,327.66
4.92
20.16
The original projected tax rate equivalent per unit calculated based on the estimated finished lot
values and home values for each unit in Improvement Area #5 is shown in Table F -E-4.
Table F -E-4
Estimated Tax Rate Equivalent per unit — Improvement Area #5 — Original
Projected
Projected
Tax Rate
Tax Rate
Planned
Estimated
Home
Average Annual
Equivalent
Equivalent
No. of
Finished Lot
Value per
Installment per
(per $100
(per $100
Description
Units
Value per unit
unit
unit
Lot Value)
Home Value)
Lot Type 3 (70 Ft Lot)
39
$169,000
$580,000
$2,966.53
$1.7553
$0.5115
Lot Type 4 (60 Ft Lot)
38
$148,000
$530,000
$2,699.54
$1.8240
$0.5093
Lot Type 5 (50 Ft Lot)
163
$126,000
$480,000
$2,462.22
$1.9541
$0.5130
Lot Type 6 (40 Ft Lot)
37
$105,000
$430,000
$2,195.23
$2.0907
$0.5105
The original Improvement Area #5 Assessment and Annual Installments for each Parcel of
Improvement Area #5 Assessed Property is shown on the Improvement Area #5 Assessment Roll,
attached as Appendix H, and no Improvement Area #5 Assessment shall be changed except as
authorized by this Service and Assessment Plan and the PID Act.
F) Undated Allocation of Assessments to Lots within Improvement Area #5
As shown in Section IV of this Service and Assessment Plan, the Improvement Area #5 portion
of the Improvement Area #4 and #5 Bonds, which represents the total updated Improvement Area
#5 Assessment to be allocated on all Parcels of Improvement Area #5 Assessed Property, is
$6,763,000. As shown in Table F -E-1, there are a total of 236.25 estimated Equivalent Units in
Improvement Area #5, resulting in an updated Improvement Area #5 Assessment per Equivalent
Unit of $ $28,626.46.
The updated Improvement Area #5 Assessment per dwelling unit is calculated as the product of
(i) $28,626.46 multiplied by (ii) the applicable Equivalent Unit value for each Lot Type. For
example, the updated Improvement Area #5 Assessment for a Lot Type 3 (70 Ft Lot) dwelling unit
is $28,626.46 (i.e. $28,626.46 x 1.00). The updated Improvement Area #5 Assessment for a Lot
Type 4 (60 Ft Lot) dwelling unit is $26,050.07 (i.e. $28,626.46 x 0.91), and so on. Table F -F-1
sets forth the updated Improvement Area #5 Assessment per dwelling unit for each Lot Type in
Improvement Area #5
Table F -F-1
Assessment Per Unit — Improvement Area #5 — Updated
Assessment
Planned per Equivalent
No. of Equivalent Unit
Total
Type
Units
Unit
Factor
Assessment per Unit
Assessments
Lot Type 3 (70 Ft Lot)
39
$28,626.46
1.00
$28,626.46
Per dwelling unit
$1,116,432
Lot Type 4 (60 Ft Lot)
38
$28,626.46
0.91
$26,050.07
Per dwelling unit
$989,903
Lot Type 5 (50 Ft Lot)
163
$28,626.46
0.83
$23,759.96
Per dwelling unit
$3,872,873
Lot Type 6 (40 Ft Lot)
37
$28,626.46
0.74
$21,183.58
Per dwelling unit
$783,792
Total
277
$6,763,000
The updated projected leverage calculated based on the estimated land values, finished lot values
and home values for each unit in Improvement Area #5 is shown in Table F -F-2.
Table F -F-2
Projected Leverage — Improvement Area #5 - Updated
Planned Estimated Projected
Leverage Leverage
No. of
Finished Lot
Home Value
Assessment
(Lot
(Home
Description
Units
Value per unit
per unit
per Unit
Value)
Value)
Lot Type 3 (70 Ft Lot)
39
$169,000
$580,000
$28,626.46
5.90
20.26
Lot Type 4 (60 Ft Lot)
38
$148,000
$530,000
$26,050.07
5.68
20.35
Lot Type 5 (50 Ft Lot)
163
$126,000
$480,000
$23,759.96
5.30
20.20
Lot Type 6 (40 Ft Lot)
37
$105,000
$430,000
$21,183.58
4.96
20.30
The updated projected tax rate equivalent per unit calculated based on the estimated finished lot
values and home values for each unit in Improvement Area #5 is shown in Table F -F-3.
Table F -F-3
Estimated Tax Rate Equivalent per unit — Improvement Area #5 - Updated
Projected
Projected
Tax Rate
Tax Rate
Planned
Estimated
Home
Average Annual
Equivalent
Equivalent
No. of
Finished Lot
Value per
Installment per
(per $100
(per $100
Description
Units
Value per unit
unit
unit
Lot Value)
Home Value)
Lot Type 3 (70 Ft Lot)
39
$169,000
$580,000
$2,632.64
$1.5578
$0.4539
Lot Type 4 (60 Ft Lot)
38
$148,000
$530,000
$2,395.70
$1.6187
$0.4520
Lot Type 5 (50 Ft Lot)
163
$126,000
$480,000
$2,185.09
$1.7342
$0.4552
Lot Type 6 (40 Ft Lot)
37
$105,000
$430,000
$1,948.15
$1.8554
$0.4531
The updated Improvement Area #5 Assessment and Annual Installments for each Parcel of
Improvement Area #5 Assessed Property is shown on the Improvement Area #5 Assessment Roll,
attached as Appendix H, and no Improvement Area #5 Assessment shall be changed except as
authorized by this Service and Assessment Plan and the PID Act.
G) Allocation of Assessments to Lots within Improvement Area #6
The total estimated Equivalent Units for Improvement Area #6 Assessed Property are shown in
Table F -G-1 as calculated based on the Equivalent Unit factors shown in Table F -B-3, estimated
Lot Types and number of units estimated to be built within Improvement Area #6.
Table F -G-1
Estimated Equivalent Units - Improvement Area #6
Total
Planned
Equivalent
Equivalent
Lot Type
No. of units
Unit Factor
Units
Lot Type 3 (70 Ft Lot)
64
1.00
64.00
Lot Type 4 (60 Ft Lot)
166
0.91
151.06
Lot Type 5 (50 Ft Lot)
115
0.83
95.45
Lot Type 6 (40 Ft Lot)
188
0.74
139.12
Lot Type 7 (4 -pack Lot)
56
0.83
46.48
Total 589 496.11
As shown in Section IV of this Service and Assessment Plan, the total amount of the obligation
under the Improvement Area #6 Reimbursement Agreement, which represents the total original
Improvement Area #6 Assessment to be allocated on all Parcels of Improvement Area #6 Assessed
Property, is $30,380,000. As shown in Table F -G-1, there are a total of 496.11 estimated
Equivalent Units in Improvement Area #6, resulting in an original Improvement Area #6
Assessment per Equivalent Unit of $61,236.42.
The original Improvement Area #6 Assessment per dwelling unit is calculated as the product of (i)
$61,236.42 multiplied by (ii) the applicable Equivalent Unit value for each Lot Type. For example,
the original Improvement Area #6 Assessment for a Lot Type 3 (70 Ft Lot) dwelling unit is
$61,236.42 (i.e. $61,236.42 x 1.00). The Improvement Area #6 Assessment for a Lot Type 4 (60
Ft Lot) dwelling unit is $55,725.14 (i.e. $61,236.42 x 0.91), and so on. Table F -G-2 sets forth the
projected original Improvement Area #6 Assessment per dwelling unit for each Lot Type in
Improvement Area #6.
Table F -G-2
Assessment Per Unit — Improvement Area #6
Assessment
Planned
per
Equivalent
No. of
Equivalent
Unit
Total
Type
Units
Unit
Factor
Assessment per Unit
Assessments
Lot Type 3 (70 Ft Lot)
64
$61,236.42
1.00
$61,236.42
Per dwelling unit
$3,919,131
Lot Type 4 (60 Ft Lot)
166
$61,236.42
0.91
$55,725.14
Per dwelling unit
$9,250,374
Lot Type 5 (50 Ft Lot)
115
$61,236.42
0.83
$50,826.23
Per dwelling unit
$5,845,016
Lot Type 6 (40 Ft Lot)
188
$61,236.42
0.74
$45,314.95
Per dwelling unit
$8,519,211
Lot Type 7 (4 -pack Lot)
56
$61,236.42
0.83
$50,826.23
Per dwelling unit
$2,846,269
Total
589
$30,380,000
The projected leverage calculated based on the estimated land values, finished lot values and home
values for each unit in Improvement Area #6 is shown in Table F -G-3.
Table F -G-3
Projected Leverage — Improvement Area #6
Planned
Estimated
Projected
Leverage
Leverage
No. of
Finished Lot
Home Value
Assessment
(Lot
(Home
Description
Units
Value per unit
per unit
per Unit
Value)
Value)
Lot Type 3 (70 Ft Lot)
64
$169,000
$580,000
$61,236.42
2.76
9.47
Lot Type 4 (60 Ft Lot)
166
$148,000
$530,000
$55,725.14
2.66
9.51
Lot Type 5 (50 Ft Lot)
115
$126,000
$480,000
$50,826.23
2.48
9.44
Lot Type 6 (40 Ft Lot)
188
$105,000
$430,000
$45,314.95
2.32
9.49
Lot Type 7 (4 -pack Lot)
56
$126,000
$480,000
$50,826.23
2.48
9.44
The projected tax rate equivalent per unit calculated based on the estimated finished lot values
and home values for each unit in Improvement Area #6 is shown in Table F -G-4.
Table F -G-4
Estimated Tax Rate Equivalent per unit — Improvement Area #6
Projected
Projected
Tax Rate
Tax Rate
Planned
Estimated
Home
Average Annual
Equivalent
Equivalent
No. of
Finished Lot
Value per
Installment per
(per $100
(per $100
Description
Units
Value per unit
unit
unit
Lot Value)
Home Value)'
Lot Type 3 (70 Ft Lot)
64
$169,000
$580,000
$5,692.48
$3.3683
$0.9815
Lot Type 4 (60 Ft Lot)
166
$148,000
$530,000
$5,180.15
$3.5001
$0.9774
Lot Type 5 (50 Ft Lot)
115
$126,000
$480,000
$4,724.76
$3.7498
$0.9843
Lot Type 6 (40 Ft Lot)
188
$105,000
$430,000
$4,212.43
$4.0118
$0.9796
Lot Type 7 (4 -pack Lot)
56
$126,000
$480,000
$4,724.76
$3.7498
$0.9843
'Does not include annual reduction
from TIRZ Annual Credit Amount
to achieve the Target Net Tax Rate Equivalent of $0.46.
The Improvement Area #6 Assessment and Annual Installments for each Parcel of Improvement
Area #6 Assessed Property is shown on the Improvement Area #6 Assessment Roll, attached as
Appendix I, and no Improvement Area #6 Assessment shall be changed except as authorized by
this Service and Assessment Plan and the PID Act.
APPENDIX G
IMPROVEMENT AREA #4 ASSESSMENT ROLL
Appendix G-1
Improvement Area #4 Assessment Roll
Parcels
Assessment
Total Equivalent Units
Additional
See Appendix G-4
$16,255,000
127.36
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment
2027
$264,000
$893,568
$95,000
$79,243
$1,331,811
2028
$251,000
$903,940
$96,900
$79,955
$1,331,795
2029
$262,000
$892,018
$98,838
$78,700
$1,331,556
2030
$274,000
$879,573
$100,815
$77,390
$1,331,777
2031
$286,000
$866,558
$102,831
$76,020
$1,331,409
2032
$299,000
$852,973
$104,888
$74,590
$1,331,450
2033
$312,000
$838,770
$106,985
$73,095
$1,330,850
2034
$327,000
$823,950
$109,125
$71,535
$1,331,610
2035
$342,000
$808,418
$111,308
$69,900
$1,331,625
2036
$357,000
$792,173
$113,534
$68,190
$1,330,896
2037
$374,000
$775,215
$115,804
$66,405
$1,331,424
2038
$394,000
$754,458
$118,121
$64,535
$1,331,114
2039
$416,000
$732,591
$120,483
$62,565
$1,331,639
2040
$438,000
$709,503
$122,893
$60,485
$1,330,881
2041
$462,000
$685,194
$125,350
$58,295
$1,330,839
2042
$488,000
$659,553
$127,857
$55,985
$1,331,395
2043
$515,000
$632,469
$130,415
$53,545
$1,331,429
2044
$543,000
$603,887
$133,023
$50,970
$1,330,879
2045
$574,000
$573,750
$135,683
$48,255
$1,331,688
2046
$606,000
$541,893
$138,397
$45,385
$1,331,675
2047
$640,000
$508,260
$141,165
$42,355
$1,331,780
2048
$678,000
$469,860
$143,988
$39,155
$1,331,003
2049
$720,000
$429,180
$146,868
$35,765
$1,331,813
2050
$763,000
$385,980
$149,805
$32,165
$1,330,950
2051
$810,000
$340,200
$152,802
$28,350
$1,331,352
2052
$860,000
$291,600
$155,858
$24,300
$1,331,758
2053
$912,000
$240,000
$158,975
$20,000
$1,330,975
2054
$968,000
$185,280
$162,154
$15,440
$1,330,874
2055
$1,028,000
$127,200
$165,397
$10,600
$1,331,197
2056
$1,092,000
$65,520
$168,705
$5,460
$1,331,685
Total
$16,255,000
$18,263,531
$3,853,968
$1,568,633
$39,941,131
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years 11
through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
Appendix G-2
Improvement Area #4 Assessment Roll by Lot Type
Parcel Lot Type 1 (Estate Lot)
Assessment $127,630.34
Equivalent Units
Additional
1.00
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses
Component
Installment
2027
$2,073
$7,016
$746
$622
$10,457
2028
$1,971
$7,098
$761
$628
$10,457
2029
$2,057
$7,004
$776
$618
$10,455
2030
$2,151
$6,906
$792
$608
$10,457
2031
$2,246
$6,804
$807
$597
$10,454
2032
$2,348
$6,697
$824
$586
$10,454
2033
$2,450
$6,586
$840
$574
$10,450
2034
$2,568
$6,469
$857
$562
$10,455
2035
$2,685
$6,347
$874
$549
$10,456
2036
$2,803
$6,220
$891
$535
$10,450
2037
$2,937
$6,087
$909
$521
$10,454
2038
$3,094
$5,924
$927
$507
$10,452
2039
$3,266
$5,752
$946
$491
$10,456
2040
$3,439
$5,571
$965
$475
$10,450
2041
$3,628
$5,380
$984
$458
$10,449
2042
$3,832
$5,179
$1,004
$440
$10,454
2043
$4,044
$4,966
$1,024
$420
$10,454
2044
$4,264
$4,742
$1,044
$400
$10,450
2045
$4,507
$4,505
$1,065
$379
$10,456
2046
$4,758
$4,255
$1,087
$356
$10,456
2047
$5,025
$3,991
$1,108
$333
$10,457
2048
$5,323
$3,689
$1,131
$307
$10,451
2049
$5,653
$3,370
$1,153
$281
$10,457
2050
$5,991
$3,031
$1,176
$253
$10,450
2051
$6,360
$2,671
$1,200
$223
$10,453
2052
$6,753
$2,290
$1,224
$191
$10,457
2053
$7,161
$1,884
$1,248
$157
$10,450
2054
$7,601
$1,455
$1,273
$121
$10,450
2055
$8,072
$999
$1,299
$83
$10,452
2056
$8,574
$514
$1,325
$43
$10,456
Total
$127,630
$143,401
$30,260
$12,317
$313,608
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years 1 ]
through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
Appendix G-3
Improvement Area #4 Assessment Roll by Lot Type
Parcel Lot Type 2 (Cottage Lot)
Assessment $96,999.06
Equivalent Units
Additional
0.76
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment
2027
$1,575
$5,332
$567
$473
$7,947
2028
$1,498
$5,394
$578
$477
$7,947
2029
$1,563
$5,323
$590
$470
$7,946
2030
$1,635
$5,249
$602
$462
$7,947
2031
$1,707
$5,171
$614
$454
$7,945
2032
$1,784
$5,090
$626
$445
$7,945
2033
$1,862
$5,005
$638
$436
$7,942
2034
$1,951
$4,917
$651
$427
$7,946
2035
$2,041
$4,824
$664
$417
$7,946
2036
$2,130
$4,727
$677
$407
$7,942
2037
$2,232
$4,626
$691
$396
$7,945
2038
$2,351
$4,502
$705
$385
$7,943
2039
$2,482
$4,372
$719
$373
$7,946
2040
$2,614
$4,234
$733
$361
$7,942
2041
$2,757
$4,089
$748
$348
$7,942
2042
$2,912
$3,936
$763
$334
$7,945
2043
$3,073
$3,774
$778
$320
$7,945
2044
$3,240
$3,604
$794
$304
$7,942
2045
$3,425
$3,424
$810
$288
$7,947
2046
$3,616
$3,234
$826
$271
$7,947
2047
$3,819
$3,033
$842
$253
$7,947
2048
$4,046
$2,804
$859
$234
$7,943
2049
$4,296
$2,561
$876
$213
$7,947
2050
$4,553
$2,303
$894
$192
$7,942
2051
$4,834
$2,030
$912
$169
$7,945
2052
$5,132
$1,740
$930
$145
$7,947
2053
$5,442
$1,432
$949
$119
$7,942
2054
$5,776
$1,106
$968
$92
$7,942
2055
$6,134
$759
$987
$63
$7,944
2056
$6,516
$391
$1,007
$33
$7,947
Total
$96,999
$108,985
$22,998
$9,361
$238,342
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years 11
through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
Appendix G4
Improvement Area #4 Assessment Roll Summary
Equivalent
Outstanding
Administrative
Additional
Annual
Parcel ID
Block #
Lot #
Lot Type
Units
Assessment
Principal
Interest
Expense
Interest
Installment
43201159
1
Various
3 Total Lots
2.52
$321,628
$5,224
$17,681
$1,880
$1,568
$26,352
43201281
2
13
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201272
2
12
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201264
2
11
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201256
2
10
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201248
2
9
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201230
2
8
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201221
2
7
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201213
2
6
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201205
2
5
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201191
2
4
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201183
2
3
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201175
2
2
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201167
2
1
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201141
1
120
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201132
1
119
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201124
1
118
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201116
1
117
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201108
1
116
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201094
1
115
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201086
1
114
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201078
1
113
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201060
1
112
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201051
1
111
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201043
1
110
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201035
1
109
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201027
1
108
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201019
1
107
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43201001
1
106
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200993
1
105
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200985
1
104
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200977
1
103
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200969
1
102
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200951
1
101
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200942
1
100
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200934
1
99
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200926
1
98
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200918
1
97
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200900
1
96
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200896
1
95
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200888
1
94
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200870
1
93
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200861
1
92
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200853
1
91
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200845
1
90
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200837
1
89
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200829
1
88
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200811
1
87
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200802
1
86
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200799
1
85
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200781
1
84
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200772
1
83
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200764
1
82
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200756
1
81
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200748
1
80
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200730
1
79
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200721
1
78
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200713
1
77
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200705
1
76
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200691
1
75
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200683
1
74
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200675
1
73
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200667
1
72
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200659
1
71
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200641
1
70
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200632
1
69
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200624
1
68
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200616
1
67
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200608
1
66
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200594
1
65
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200586
1
64
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200578
1
63
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
Appendix G-4
Improvement Area #4 Assessment Roll Summary
Equivalent
Outstanding
Administrative
Additional
Annual
Parcel ID
Block #
Lot #
Lot Type
Units
Assessment
Principal
Interest
Expense
Interest
Installment
43200560
1
62
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200551
1
61
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200543
1
60
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200535
1
59
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200527
1
58
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200519
1
57
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200501
1
56
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200497
1
55
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200489
1
54
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200471
1
53
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200462
1
52
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200454
1
51
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200446
1
50
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200438
1
49
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200420
1
48
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200411
1
47
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200403
1
46
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200390
1
45
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200381
1
44
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200373
1
43
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200365
1
42
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200357
1
41
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200349
1
40
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200331
1
39
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200322
1
38
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200314
1
37
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200306
1
36
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200292
1
35
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200284
1
34
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200276
1
33
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200268
1
32
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200250
1
31
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200241
1
30
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200233
1
29
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200225
1
28
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200217
1
27
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200209
1
26
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200195
1
25
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200187
1
24
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200179
1
23
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200161
1
22
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200152
1
21
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200144
1
20
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200136
1
19
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200128
1
18
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200110
1
17
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200101
1
16
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200098
1
15
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200080
1
14
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200071
1
13
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200063
1
12
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200055
1
11
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200047
1
10
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200039
1
9
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200021
1
8
Estate Lot
1.00
$127,630
$2,073
$7,016
$746
$622
$10,457
43200012
1
7
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43200004
1
6
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43199995
1
5
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43199987
1
4
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43199979
1
3
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43199961
1
2
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
43199952
1
1
Cottage Lot
0.76
$96,999
$1,575
$5,332
$567
$473
$7,947
Total
127.36
$16,255,000
$264,000
$893,568
$95,000
$79,243
$1,331,811
APPENDIX H
IMPROVEMENT AREA #5 ASSESSMENT ROLL
Appendix H-1
Improvement Area #5 Assessment Roll
Parcels
Assessment
Total Equivalent Units
Additional
See Appendix H-6
$6,763,000
236.25
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment
2027
$124,000
$370,181
$95,000
$32,970
$622,150
2028
$118,000
$373,783
$96,900
$33,195
$621,878
2029
$122,000
$368,178
$98,838
$32,605
$621,621
2030
$127,000
$362,383
$100,815
$31,995
$622,192
2031
$131,000
$356,350
$102,831
$31,360
$621,541
2032
$136,000
$350,128
$104,888
$30,705
$621,720
2033
$141,000
$343,668
$106,985
$30,025
$621,678
2034
$147,000
$336,970
$109,125
$29,320
$622,415
2035
$152,000
$329,988
$111,308
$28,585
$621,880
2036
$158,000
$322,768
$113,534
$27,825
$622,126
2037
$164,000
$315,263
$115,804
$27,035
$622,102
2038
$171,000
$306,161
$118,121
$26,215
$621,496
2039
$179,000
$296,670
$120,483
$25,360
$621,513
2040
$188,000
$286,736
$122,893
$24,465
$622,093
2041
$197,000
$276,302
$125,350
$23,525
$622,177
2042
$206,000
$265,368
$127,857
$22,540
$621,765
2043
$216,000
$253,935
$130,415
$21,510
$621,860
2044
$227,000
$241,947
$133,023
$20,430
$622,400
2045
$238,000
$229,349
$135,683
$19,295
$622,327
2046
$249,000
$216,140
$138,397
$18,105
$621,642
2047
$262,000
$202,320
$141,165
$16,860
$622,345
2048
$276,000
$186,600
$143,988
$15,550
$622,138
2049
$291,000
$170,040
$146,868
$14,170
$622,078
2050
$307,000
$152,580
$149,805
$12,715
$622,100
2051
$324,000
$134,160
$152,802
$11,180
$622,142
2052
$342,000
$114,720
$155,858
$9,560
$622,138
2053
$361,000
$94,200
$158,975
$7,850
$622,025
2054
$381,000
$72,540
$162,154
$6,045
$621,739
2055
$403,000
$49,680
$165,397
$4,140
$622,217
2056
$425,000
$25,500
$168,705
$2,125
$621,330
Total
$6,763,000
$7,404,601
$3,853,968
$637,260
$18,658,828
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years 11 through
20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates. Assumes a
2% increase per year.
Appendix H-2
Improvement Area #5 Assessment Roll by Lot Type
Parcel Lot Type 3 (70 Ft Lot)
Assessment $28,626.46
Equivalent Units 1.00
Additional
Administrative Interest Total Annual
Year Principal Interest' Expenses2 Component Installment
2027
$525
$1,567
$402 I
$140
$2,633
2028
$499
$1,582
$410
$141
$2,632
2029
$516
$1,558
$418
$138
$2,631
2030
$538
$1,534
$427
$135
$2,634
2031
$554
$1,508
$435
$133
$2,631
2032
$576
$1,482
$444
$130
$2,632
2033
$597
$1,455
$453
$127
$2,631
2034
$622
$1,426
$462
$124
$2,635
2035
$643
$1,397
$471
$121
$2,632
2036
$669
$1,366
$481
$118
$2,633
2037
$694
$1,334
$490
$114
$2,633
2038
$724
$1,296
$500
$111
$2,631
2039
$758
$1,256
$510
$107
$2,631
2040
$796
$1,214
$520
$104
$2,633
2041
$834
$1,170
$531
$100
$2,634
2042
$872
$1,123
$541
$95
$2,632
2043
$914
$1,075
$552
$91
$2,632
2044
$961
$1,024
$563
$86
$2,634
2045
$1,007
$971
$574
$82
$2,634
2046
$1,054
$915
$586
$77
$2,631
2047
$1,109
$856
$598
$71
$2,634
2048
$1,168
$790
$609
$66
$2,633
2049
$1,232
$720
$622
$60
$2,633
2050
$1,299
$646
$634
$54
$2,633
2051
$1,371
$568
$647
$47
$2,633
2052
$1,448
$486
$660
$40
$2,633
2053
$1,528
$399
$673
$33
$2,633
2054
$1,613
$307
$686
$26
$2,632
2055
$1,706
$210
$700
$18
$2,634
2056
$1,799
$108
$714
$9
$2,630
Total
$28,626
$31,342
$16,313
$2,697
$78,979
'The interest is calculated using
an interest rate of 4.75% in years 1 through 10 (2027-2036),
5.55% in years 11
through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated
and will
be updated each year in
the Annual Service Plan Updates. Assumes
a 2% increase
per year.
Appendix H-3
Improvement Area #5 Assessment Roll by Lot Type
Lot Type Lot Type 4 (60 Ft Lot)
Assessment $26,0.50.07
Equivalent Units 0.91
Additional
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment
2027
$478
$1,426
$366
$127
$2,396
2028
$455
$1,440
$373
$128
$2,395
2029
$470
$1,418
$381
$126
$2,394
2030
$489
$1,396
$388
$123
$2,397
2031
$505
$1,373
$396
$121
$2,394
2032
$524
$1,349
$404
$118
$2,395
2033
$543
$1,324
$412
$116
$2,395
2034
$566
$1,298
$420
$113
$2,397
2035
$585
$1,271
$429
$110
$2,395
2036
$609
$1,243
$437
$107
$2,396
2037
$632
$1,214
$446
$104
$2,396
2038
$659
$1,179
$455
$101
$2,394
2039
$689
$1,143
$464
$98
$2,394
2040
$724
$1,104
$473
$94
$2,396
2041
$759
$1,064
$483
$91
$2,397
2042
$793
$1,022
$492
$87
$2,395
2043
$832
$978
$502
$83
$2,395
2044
$874
$932
$512
$79
$2,397
2045
$917
$883
$523
$74
$2,397
2046
$959
$833
$533
$70
$2,394
2047
$1,009
$779
$544
$65
$2,397
2048
$1,063
$719
$555
$60
$2,396
2049
$1,121
$655
$566
$55
$2,396
2050
$1,183
$588
$577
$49
$2,396
2051
$1,248
$517
$589
$43
$2,396
2052
$1,317
$442
$600
$37
$2,396
2053
$1,391
$363
$612
$30
$2,396
2054
$1,468
$279
$625
$23
$2,395
2055
$1,552
$191
$637
$16
$2,397
2056
$1,637
$98
$650
$8
$2,393
Total
$26,050
$28,521
$14,845
$2,455
$71,871
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years
11 through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
Appendix H-4
Improvement Area #5 Assessment Roll by Lot Type
Lot Type Lot Type 5 (50 Ft Lot)
Assessment $23,759.96
Equivalent Units 0.83
Additional Total
Administrative
Interest
Annual
Year
Principal
Interests
Expenses
Component
Installment
2027
$436
$1,301
• $334
$116
$2,186
2028
$415
$1,313
$340
$117
$2,185
2029
$429
$1,293
$347
$115
$2,184
2030
$446
$1,273
$354
$112
$2,186
2031
$460
$1,252
$361
$110
$2,184
2032
$478
$1,230
$368
$108
$2,184
2033
$495
$1,207
$376
$105
$2,184
2034
$516
$1,184
$383
$103
$2,187
2035
$534
$1,159
$391
$100
$2,185
2036
$555
$1,134
$399
$98
$2,186
2037
$576
$1,108
$407
$95
$2,186
2038
$601
$1,076
$415
$92
$2,183
2039
$629
$1,042
$423
$89
$2,184
2040
$660
$1,007
$432
$86
$2,186
2041
$692
$971
$440
$83
$2,186
2042
$724
$932
$449
$79
$2,184
2043
$759
$892
$458
$76
$2,185
2044
$798
$850
$467
$72
$2,187
2045
$836
$806
$477
$68
$2,186
2046
$875
$759
$486
$64
$2,184
2047
$920
$711
$496
$59
$2,186
2048
$970
$656
$506
$55
$2,186
2049
$1,022
$597
$516
$50
$2,186
2050
$1,079
$536
$526
$45
$2,186
2051
$1,138
$471
$537
$39
$2,186
2052
$1,202
$403
$548
$34
$2,186
2053
$1,268
$331
$559
$28
$2,185
2054
$1,339
$255
$570
$21
$2,184
2055
$1,416
$175
$581
$15
$2,186
2056
$1,493
$90
$593
$7
$2,183
Total
$23,760
$26,014
$13,540
$2,239
$65,553
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years
11 through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
Appendix H-5
Improvement Area #5 Assessment Roll by Lot Type
Lot Type Lot Type 6 (40 Ft Lot)
Assessment $21,183.58
Equivalent Units 0.74
Additional
Administrative Interest Total Annual
Year Principal Interest' Ex enses2 Component Installment
2027 $388 $1,160 $298 I $103 $1,949
2028
$370
$1,171
$304
$104
$1,948
2029
$382
$1,153
$310
$102
$1,947
2030
$398
$1,135
$316
$100
$1,949
2031
$410
$1,116
$322
$98
$1,947
2032
$426
$1,097
$329
$96
$1,947
2033
$442
$1,076
$335
$94
$1,947
2034
$460
$1,055
$342
$92
$1,950
2035
$476
$1,034
$349
$90
$1,948
2036
$495
$1,011
$356
$87
$1,949
2037
$514
$987
$363
$85
$1,949
2038
$536
$959
$370
$82
$1,947
2039
$561
$929
$377
$79
$1,947
2040
$589
$898
$385
$77
$1,949
2041
$617
$865
$393
$74
$1,949
2042
$645
$831
$400
$71
$1,948
2043
$677
$795
$408
$67
$1,948
2044
$711
$758
$417
$64
$1,950
2045
$745
$718
$425
$60
$1,949
2046
$780
$677
$433
$57
$1,947
2047
$821
$634
$442
$53
$1,949
2048
$865
$584
$451
$49
$1,949
2049
$911
$533
$460
$44
$1,949
2050
$962
$478
$469
$40
$1,949
2051
$1,015
$420
$479
$35
$1,949
2052
$1,071
$359
$488
$30
$1,949
2053
$1,131
$295
$498
$25
$1,948
2054
$1,193
$227
$508
$19
$1,947
2055
$1,262
$156
$518
$13
$1,949
2056
$1,331
$80
$528
$7
$1,946
Total
$21,184
$23,193
$12,072
$1,996
$58,445
'The interest is calculated using an interest rate of 4.75% in years 1 through 10 (2027-2036), 5.55% in years 11
through 20 (2037-2046), and 6.00% in years 21 through 30 (2047-2056).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
Appendix H-6
Improvement Area #5 Assessment Roll Summary
Outstanding
Administrative
Additional
Annual
Parcel ID
Total Lot Count
Equivalent Units
Assessment
Principal
Interest
Expense
Interest
Installment
43124120
120
108.25
$3,098,814
$56,817
$169,617
$43,529
$15,107
$285,070
43218817
6
6.00
$171,759
$3,149
$9,401
$2,413
$837
$15,801
43124138
37
27.38
$783,792
$14,371
$42,902
$11,010
$3,821
$72,104
43188179
2
1.66
$47,520
$871
$2,601
$668
$232
$4,372
42724447
112
92.96
$2,661,115
$48,792
$145,659
$37,381
$12,973
$244,805
Total
277
236.25
$6,763,000
$124,000
$370,181
$95,000
$32,970
$622,150
APPENDIX I
PROPOSED IMPROVEMENT AREA #6 ASSESSMENT ROLL
Appendix I-1
Proposed Improvement Area #6 Assessment Roll
Parcels See Appendix 1-7
Assessment $30,380,000
Total Equivalent Units 496.11
Additional
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment3
2028
$19,000
$2,705,339
$111,000
$0
$2,835,339
2029
$20,000
$2,703,647
$113,220
$0
$2,836,867
2030
$20,000
$2,701,866
$115,484
$0
$2,837,350
2031
$20,000
$2,700,085
$117,794
$0
$2,837,879
2032
$21,000
$2,698,304
$120,150
$0
$2,839,454
2033
$485,000
$2,219,524
$122,553
$0
$2,827,077
2034
$517,000
$2,183,974
$125,004
$0
$2,825,978
2035
$552,000
$2,146,077
$127,504
$0
$2,825,582
2036
$589,000
$2,105,616
$130,054
$0
$2,824,670
2037
$629,000
$2,062,442
$132,655
$0
$2,824,097
2038
$671,000
$2,016,336
$135,308
$0
$2,822,645
2039
$717,000
$1,967,152
$138,015
$0
$2,822,167
2040
$766,000
$1,914,596
$140,775
$0
$2,821,371
2041
$819,000
$1,858,448
$143,590
$0
$2,821,039
2042
$876,000
$1,798,416
$146,462
$0
$2,820,878
2043
$937,000
$1,734,205
$149,391
$0
$2,820,596
2044
$1,002,000
$1,665,523
$152,379
$0
$2,819,902
2045
$1,072,000
$1,592,076
$155,427
$0
$2,819,503
2046
$1,147,000
$1,513,498
$158,535
$0
$2,819,034
2047
$1,228,000
$1,429,423
$161,706
$0
$2,819,129
2048
$1,315,000
$1,339,411
$164,940
$0
$2,819,351
2049
$1,408,000
$1,243,021
$168,239
$0
$2,819,260
2050
$1,508,000
$1,139,815
$171,604
$0
$2,819,419
2051
$1,615,000
$1,029,279
$175,036
$0
$2,819,314
2052
$1,730,000
$910,899
$178,537
$0
$2,819,436
2053
$1,854,000
$784,090
$182,107
$0
$2,820,197
2054
$1,986,000
$648,192
$185,749
$0
$2,819,941
2055
$2,129,000
$502,618
$189,464
$0
$2,821,082
2056
$2,281,000
$346,562
$193,254
$0
$2,820,816
2057
$2,447,000
$179,365
$197,119
$0
$2,823,484
Total
$30,380,000
$49,839,800
$4,503,057
$0
$84,722,857
'The interest is calculated using an estimated interest rate of 8.91% for years 1 through 5 (2028-2032) and 7.33% for
years 6 through 30 (2033-2057).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates. Assumes a
2% increase per year.
3The Annual Installments shown do not include any TIRZ Annual Credit Amount.
Appendix I-2
Proposed Improvement Area #6 Assessment Roll by Lot Type
Lot Type Lot Type 3 (70 Ft Lot)
Assessment $61,236.42
Equivalent Units 1.00
Additional
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment3
2028
$38
$5,453
$224
$0
$5,715
2029
$40
$5,450
$228
$0
$5,718
2030
$40
$5,446
$233
$0
$5,719
2031
$40
$5,443
$237
$0
$5,720
2032
$42
$5,439
$242
$0
$5,723
2033
$978
$4,474
$247
$0
$5,698
2034
$1,042
$4,402
$252
$0
$5,696
2035
$1,113
$4,326
$257
$0
$5,695
2036
$1,187
$4,244
$262
$0
$5,694
2037
$1,268
$4,157
$267
$0
$5,692
2038
$1,353
$4,064
$273
$0
$5,690
2039
$1,445
$3,965
$278
$0
$5,689
2040
$1,544
$3,859
$284
$0
$5,687
2041
$1,651
$3,746
$289
$0
$5,686
2042
$1,766
$3,625
$295
$0
$5,686
2043
$1,889
$3,496
$301
$0
$5,685
2044
$2,020
$3,357
$307
$0
$5,684
2045
$2,161
$3,209
$313
$0
$5,683
2046
$2,312
$3,051
$320
$0
$5,682
2047
$2,475
$2,881
$326
$0
$5,682
2048
$2,651
$2,700
$332
$0
$5,683
2049
$2,838
$2,506
$339
$0
$5,683
2050
$3,040
$2,298
$346
$0
$5,683
2051
$3,255
$2,075
$353
$0
$5,683
2052
$3,487
$1,836
$360
$0
$5,683
2053
$3,737
$1,580
$367
$0
$5,685
2054
$4,003
$1,307
$374
$0
$5,684
2055
$4,291
$1,013
$382
$0
$5,686
2056
$4,598
$699
$390
$0
$5,686
2057
$4,932
$362
$397
$0
$5,691
Total
$61,236
$100,461
$9,077
$0
$170,774
'The interest is calculated using an estimated interest rate of 8.91% for years 1 through 5 (2028-2032) and 7.33%
for years 6 through 30 (2033-2057).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
3The Annual Installments shown do not include any TIRZ Annual Credit Amount.
Appendix 1-3
Improvement Area #6 Assessment Roll by Lot Type
Lot Type Lot Type 4 (60 Ft Lot)
Assessment $55,725.14
Equivalent Units 0.91
Additional
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment3
2028
$35
$4,962
$204
$0
$5,201
2029
$37
$4,959
$208
$0
$5,204
2030
$37
$4,956
$212
$0
$5,204
2031
$37
$4,953
$216
$0
$5,205
2032
$39
$4,949
$220
$0
$5,208
2033
$890
$4,071
$225
$0
$5,186
2034
$948
$4,006
$229
$0
$5,184
2035
$1,013
$3,936
$234
$0
$5,183
2036
$1,080
$3,862
$239
$0
$5,181
2037
$1,154
$3,783
$243
$0
$5,180
2038
$1,231
$3,699
$248
$0
$5,177
2039
$1,315
$3,608
$253
$0
$5,177
2040
$1,405
$3,512
$258
$0
$5,175
2041
$1,502
$3,409
$263
$0
$5,175
2042
$1,607
$3,299
$269
$0
$5,174
2043
$1,719
$3,181
$274
$0
$5,174
2044
$1,838
$3,055
$280
$0
$5,172
2045
$1,966
$2,920
$285
$0
$5,172
2046
$2,104
$2,776
$291
$0
$5,171
2047
$2,252
$2,622
$297
$0
$5,171
2048
$2,412
$2,457
$303
$0
$5,171
2049
$2,583
$2,280
$309
$0
$5,171
2050
$2,766
$2,091
$315
$0
$5,172
2051
$2,962
$1,888
$321
$0
$5,171
2052
$3,173
$1,671
$327
$0
$5,172
2053
$3,401
$1,438
$334
$0
$5,173
2054
$3,643
$1,189
$341
$0
$5,173
2055
$3,905
$922
$348
$0
$5,175
2056
$4,184
$636
$354
$0
$5,174
2057
$4,488
$329
$362
$0
$5,179
Total
$55,725
$91,420
$8,260
$0
$155,405
'The interest is calculated using an estimated interest rate of 8.91% for years 1 through 5 (2028-2032) and
7.33% for years 6 through 30 (2033-2057).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
3The Annual Installments shown do not include any TIRZ Annual Credit Amount.
Appendix I-4
Improvement Area #6 Assessment Roll by Lot Type
Lot Type Lot Type 5 (50 Ft Lot)
Assessment $50,826.23
Equivalent Units
0.83
Additional Total
Administrative
Interest
Annual
Year
Principal
Interest'
Expenses2
Component
Installment3
2028
$32
$4,526
$186
$0
$4,744
2029
$33
$4,523
$189
$0
$4,746
2030
$33
$4,520
$193
$0
$4,747
2031
$33
$4,517
$197
$0
$4,748
2032
$35
$4,514
$201
$0
$4,750
2033
$811
$3,713
$205
$0
$4,730
2034
$865
$3,654
$209
$0
$4,728
2035
$924
$3,590
$213
$0
$4,727
2036
$985
$3,523
$218
$0
$4,726
2037
$1,052
$3,450
$222
$0
$4,725
2038
$1,123
$3,373
$226
$0
$4,722
2039
$1,200
$3,291
$231
$0
$4,722
2040
$1,282
$3,203
$236
$0
$4,720
2041
$1,370
$3,109
$240
$0
$4,720
2042
$1,466
$3,009
$245
$0
$4,719
2043
$1,568
$2,901
$250
$0
$4,719
2044
$1,676
$2,786
$255
$0
$4,718
2045
$1,793
$2,664
$260
$0
$4,717
2046
$1,919
$2,532
$265
$0
$4,716
2047
$2,054
$2,391
$271
$0
$4,716
2048
$2,200
$2,241
$276
$0
$4,717
2049
$2,356
$2,080
$281
$0
$4,717
2050
$2,523
$1,907
$287
$0
$4,717
2051
$2,702
$1,722
$293
$0
$4,717
2052
$2,894
$1,524
$299
$0
$4,717
2053
$3,102
$1,312
$305
$0
$4,718
2054
$3,323
$1,084
$311
$0
$4,718
2055
$3,562
$841
$317
$0
$4,720
2056
$3,816
$580
$323
$0
$4,719
2057
$4,094
$300
$330
$0
$4,724
Total
$50,826
$83,383
$7,534
$0
$141,743
'The interest is calculated using an estimated interest rate of 8.91% for years 1 through 5 (2028-2032) and
7.33% for years 6 through 30 (2033-2057).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
3The Annual Installments shown do not include any TIRZ Annual Credit Amount.
Appendix I-5
Improvement Area #6 Assessment Roll by Lot Type
Lot Type Lot Type 6 (40 Ft Lot)
Assessment $45,314.9.5
Equivalent Units 0.74
Additional
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment3
2028
$28
$4,035
$166
$0
$4,229
2029
$30
$4,033
$169
$0
$4,231
2030
$30
$4,030
$172
$0
$4,232
2031
$30
$4,027
$176
$0
$4,233
2032
$31
$4,025
$179
$0
$4,235
2033
$723
$3,311
$183
$0
$4,217
2034
$771
$3,258
$186
$0
$4,215
2035
$823
$3,201
$190
$0
$4,215
2036
$879
$3,141
$194
$0
$4,213
2037
$938
$3,076
$198
$0
$4,212
2038
$1,001
$3,008
$202
$0
$4,210
2039
$1,069
$2,934
$206
$0
$4,210
2040
$1,143
$2,856
$210
$0
$4,208
2041
$1,222
$2,772
$214
$0
$4,208
2042
$1,307
$2,683
$218
$0
$4,208
2043
$1,398
$2,587
$223
$0
$4,207
2044
$1,495
$2,484
$227
$0
$4,206
2045
$1,599
$2,375
$232
$0
$4,206
2046
$1,711
$2,258
$236
$0
$4,205
2047
$1,832
$2,132
$241
$0
$4,205
2048
$1,961
$1,998
$246
$0
$4,205
2049
$2,100
$1,854
$251
$0
$4,205
2050
$2,249
$1,700
$256
$0
$4,205
2051
$2,409
$1,535
$261
$0
$4,205
2052
$2,580
$1,359
$266
$0
$4,205
2053
$2,765
$1,170
$272
$0
$4,207
2054
$2,962
$967
$277
$0
$4,206
2055
$3,176
$750
$283
$0
$4,208
2056
$3,402
$517
$288
$0
$4,208
2057
$3,650
$268
$294
$0
$4,212
Total
$45,315
$74,341
$6,717
$0
$126,373
'The interest is calculated using an estimated interest rate of 8.91% for years 1 through 5 (2028-2032) and 7.33%
for years 6 through 30 (2033-2057).
2Administrative Expenses are estimated and will be updated each year in the Annual Service Plan Updates.
Assumes a 2% increase per year.
3The Annual Installments shown do not include any TIRZ Annual Credit Amount.
Appendix I-6
Improvement Area #6 Assessment Roll by Lot Type
Lot Type Lot Type 7 (4 -pack Lot)
Assessment $50,826.23
Equivalent Units 0.83
Additional
Administrative
Interest
Total Annual
Year
Principal
Interest'
Expenses2
Component
Installment3
2028
$32
$4,526
$186
$0
$4,744
2029
$33
$4,523
$189
$0
$4,746
2030
$33
$4,520
$193
$0
$4,747
2031
$33
$4,517
$197
$0
$4,748
2032
$35
$4,514
$201
$0
$4,750
2033
$811
$3,713
$205
$0
$4,730
2034
$865
$3,654
$209
$0
$4,728
2035
$924
$3,590
$213
$0
$4,727
2036
$985
$3,523
$218
$0
$4,726
2037
$1,052
$3,450
$222
$0
$4,725
2038
$1,123
$3,373
$226
$0
$4,722
2039
$1,200
$3,291
$231
$0
$4,722
2040
$1,282
$3,203
$236
$0
$4,720
2041
$1,370
$3,109
$240
$0
$4,720
2042
$1,466
$3,009
$245
$0
$4,719
2043
$1,568
$2,901
$250
$0
$4,719
2044
$1,676
$2,786
$255
$0
$4,718
2045
$1,793
$2,664
$260
$0
$4,717
2046
$1,919
$2,532
$265
$0
$4,716
2047
$2,054
$2,391
$271
$0
$4,716
2048
$2,200
$2,241
$276
$0
$4,717
2049
$2,356
$2,080
$281
$0
$4,717
2050
$2,523
$1,907
$287
$0
$4,717
2051
$2,702
$1,722
$293
$0
$4,717
2052
$2,894
$1,524
$299
$0
$4,717
2053
$3,102
$1,312
$305
$0
$4,718
2054
$3,323
$1,084
$311
$0
$4,718
2055
$3,562
$841
$317
$0
$4,720
2056
$3,816
$580
$323
$0
$4,719
2057
$4,094
$300
$330
$0
$4,724
Total
$50,826
$83,383
$7,534
$0
$141,743
'The interest
is calculated using an estimated interest
rate of 8.91% for years 1 through 5
(2028-2032) and 7.33%
for years 6 through
30 (2033-2057).
2Administrative
Expenses are estimated and
will be updated each
year in the Annual
Service Plan Updates.
Assumes a 2% increase per year.
3The Annual
Installments shown
do not include any TIRZ Annual Credit
Amount.
Appendix I-7
Improvement Area #6 Assessment Roll Summary
Outstanding
Parcel ID
Total Lot Count
Equivalent Units
Assessment
43215583
153
137.19
$8,401,024
73215575
56
46.48
$2,846,269
43223624
44
37.11
$2,272,484
43209893
336
275.33
$16,860,223
Total
589
496.11
$30,380,000
EXHIBIT B
NOTICE OF PUBLIC HEARING
CITY OF FORT WORTH, TEXAS
NOTICE OF PUBLIC HEARING TO CONSIDER
THE LEVY OF ASSESSMENTS AGAINST PROPERTY WITHIN
IMPROVEMENT AREA #6 OF
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO.22 (VEALE RANCH)
Pursuant to Chapter 372, Texas Local Government Code (the "Act"), notice is hereby given that the City
Council of the City of Fort Worth, Texas (the "Cy") will hold a public hearing (the "Public Hearing") to
consider the levy of assessments against property within Improvement Area #6 of the Fort Worth Public
Improvement District No. 22 (Veale Ranch) (the "District") to pay for certain improvements therein.
Date, Time and Place of Public Hearing. The Public Hearing will take place on October 27, 2026, at or
after 1:00 p.m., at the City Council Chamber, City Hall, 100 Fort Worth Trail, Fort Worth, Texas.
General Nature of the Improvements. The general nature of the proposed public improvements, including
the improvements to be reimbursed through the levy of special assessments in the District, includes: (i)
acquisition, construction, and improvement of water, wastewater, and drainage facilities and improvements;
(ii) acquiring, constructing, improving, widening, narrowing, closing, and rerouting of sidewalks and of
streets, any other roadways, and their rights -of -way; (iii) landscaping; (iv) the establishment and
improvement of parks; (v) acquisition, construction, and improvement of off-street parking; (vi) erection
of fountains, distinctive lighting, and signs; (vii) construction and improvement of pedestrian malls; (viii)
acquisition and installation of pieces of art; (ix) acquisition, construction and improvement of libraries; (x)
acquisition, construction, improvement, and rerouting of mass transportation facilities; (xi) projects similar
to those listed in (i)-(x); (xii) acquisition, by purchase or otherwise, of real property in connection with an
improvement; (xiii) special supplemental services for improvement and promotion of the District, including
services relating to advertising, promotion, health and sanitation, water and wastewater, public safety,
security, business recruitment, development, recreation, and cultural enhancement; (xiv) payment of
expenses incurred in the establishment, administration, and operation of the District, including the costs of
financing the authorized improvements, and (xv) the development, rehabilitation and expansion of
affordable housing. Notwithstanding anything to the contrary, the following will not be considered as
authorized improvements: (a) water lines and sanitary sewer lines having a diameter of 8" or less located
in and serving a for sale or rent single-family home, cottage home, and/or townhome residential subdivision;
(b) oversizing of water and sanitary sewer lines in and serving residential areas without City approval; and
(c) local residential streets, as defined by the Fort Worth Master Thoroughfare Plan.
The property within the District is expected to be developed in multiple phases (each phase being an
"Improvement Area"). Improvements that will benefit and serve only property within Improvement Area
#6 to be installed and constructed in the current phase of improvements, and special assessments will be
levied within Improvement Area #6 to fund such improvements. For each subsequent phase within the
District, special assessments will be levied within the future Improvement Areas to pay the costs of public
improvement projects that confer a special benefit on the property within such Improvement Areas.
Cost of the Improvements. The estimated total cost of the public improvements in Improvement Area #6
to be funded through the special assessments levied therein, including financing costs, is $30,380,000.
Proposed Assessment Rolls. The proposed assessment rolls providing for the costs of said improvements
to be assessed, levied, and apportioned against the benefited property within Improvement Area #6, and the
real and true owner or owners thereof, are on file and are available for public inspection during regular
business hours at the office of the City Secretary at City Hall, 100 Fort Worth Trail, Fort Worth, Texas.
Boundaries of the District. The boundaries of the District encompass approximately 5,200 acres, and the
District is generally located northwest of US 377 south of Aledo Road both in the corporate limits and the
extraterritorial jurisdiction of the City. The boundaries of the District, including the boundaries of
Improvement Area #6, are more particularly described by a metes and bounds description available at the
Fort Worth City Hall and available for public inspection.
Obiections Considered. All written or oral objections will be considered at the Public Hearing.