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HomeMy WebLinkAboutOrd 1158-2025-07 Approving the 2025 Annual Service Plan Update for The Woods at Lindsey Place RECORDED THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 1 INTRODUCTION Capitalized terms used in this 2025 Annual Service Plan Update shall have the meanings set forth in the 2024 Amended and Restated Service and Assessment Plan (the “2024 A&R SAP”). The District was created pursuant to the PID Act by Resolution No. 2023-02-1378 on February 14, 2023, by the City Council to finance certain Authorized Improvements for the benefit of the property in the District. On March 14, 2023, the City approved the Service and Assessment Plan for the District by adopting Ordinance No. 1036-2023-03 which approved the levy of Assessments for Assessed Property within Improvement Area #1 of the District and approved the Improvement Area #1 Assessment Roll. On September 12, 2023, the City approved the 2023 Amended and Restated Service and Assessment Plan for the District by adopting Ordinance No. 1073-2023 which amended and restated the Service and Assessment Plan in its entirety for the purpose of issuing Improvement Area #1 Bonds. On August 27, 2024, the City approved the 2024 A&R SAP for the District by adopting Ordinance No. 1118-2024-08 which amended and restated the 2023 Amended and Restated Service and Assessment Plan in its entirety for the purpose of (i) approving the levy of Improvement Area #2- A Assessments; (ii) approving the levy of Improvement Area #2-B Assessments; (iii) updating the Improvement Area #1 Assessment Roll; (iv) approving the Improvement Area #2-A Assessment Roll; and (v) approving the Improvement Area #2-B Assessment Roll. On February 25, 2025, the City approved Ordinance No. 1139-2025-02 which amended Ordinance No. 1118-2024-08 to make additional findings and to further detail the manner in which Assessments levied in the 2024 A&R SAP shall be apportioned, the method of payment of Assessments, and details relating to Assessments pursuant to Sections 372.015 and 327.017, Texas Local Government Code, as amended. The 2024 A&R SAP identified the Authorized Improvements to be constructed for the benefit of the Assessed Parcels within the District, the costs of the Authorized Improvements, the indebtedness to be incurred for the Authorized Improvements, and the manner of assessing the property in the District for the costs of the Authorized Improvements. Pursuant to the PID Act, the 2024 A&R SAP must be reviewed and updated annually. This document is the Annual Service Plan Update for 2025. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 2 The City Council also adopted Assessment Rolls identifying the Assessments on each Lot within the District, based on the method of assessment identified in the 2024 A&R SAP. This 2025 Annual Service Plan Update also updates the Assessment Rolls for 2025. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 3 PARCEL SUBDIVISION Improvement Area #1  The final plat of The Woods at Lindsey Place Phase 1 was filed and recorded with the County on March 21, 2023, and consists of 218 residential Lots and 5 Lots of Non- Benefited Property. See the completed Lot Type classification summary within Improvement Area #1 below: See Exhibit D-1 for the Improvement Area #1 Lot Type classification map. Improvement Area #2-A  The final plat of The Woods at Lindsey Place Phase 2A, as shown on Exhibit C-1, was filed and recorded with the County on January 23, 2025, and consists of 75 residential Lots, 7 Lots of Non-Benefited Property, and 1 Lot of Non-Assessed Property. See the completed Lot Type classification summary within Improvement Area #2-A below: See Exhibit D-2 for the Improvement Area #2-A Lot Type classification map. Improvement Area #2-B  The final plat of The Woods at Lindsey Place Phase 2B, as shown on Exhibit C-2, was filed and recorded with the County on January 23, 2025, and consists of 123 residential Lots, and 3 Lots of Non-Benefited Property. See the completed Lot Type classification summary within Improvement Area #2-B below: Lot Type Number of Lots Total 218 Improvement Area #1 Lot Type Number of Lots Total 75 Improvement Area #2-A THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 4 See Exhibit D-3 for the Improvement Area #2-B Lot Type classification map. LOT AND HOME SALES Improvement Area #1 Per the Quarterly Report dated March 31, 2025, the Lot ownership composition is provided below: • Developer Owned: o Lot Type 1: 14 Lots o Lot Type 2: 0 Lot • End-User Owned: o Lot Type 1: 174 Lots o Lot Type 2: 30 Lots Improvement Area #2-A Per the Collin Central Appraisal District as of May 22, 2025, the Lot ownership composition is provided below: • Developer Owned: o Lot Type 3: 75 Lots • End-User Owned: o Lot Type 3: 0 Lots Improvement Area #2-B Per the Collin Central Appraisal District as of May 22, 2025, the Lot ownership composition is provided below: • Developer Owned: o Lot Type 4: 26 Lots o Lot Type 5: 97 Lots • End-User Owner: o Lot Type 4: 0 Lots o Lot Type 5: 0 Lots See Exhibit E for the buyer disclosures. Lot Type Number of Lots Total 123 Improvement Area #2-B THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 5 AUTHORIZED IMPROVEMENTS Improvement Area #1 The Developer has completed the Authorized Improvements listed in the 2024 A&R SAP for Improvement Area #1, and they were dedicated to the City. Improvement Area #2-A Per the Developer, the Authorized Improvements listed in the 2024 A&R SAP for Improvement Area #2-A are currently under construction and the projected completion date is to be determined. The budget for the Authorized Improvements remains unchanged, as shown on the table below: Authorized Improvements Budget Total Draws Requested Percent of Budget Spent Forecast Completion Date Major Improvements Benefiting IA#2-A 320,997.27$ -$ 0.00% Improvement Area #2-A Improvements 3,687,440.59$ -$ 0.00% Improvement Area #2-A Authorized Improvement Budget THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 6 Improvement Area #2-B Per the Developer, the Authorized Improvements listed in the 2024 A&R SAP for Improvement Area #2-B are currently under construction and the projected completion date is to be determined. The budget for the Authorized Improvements remains unchanged, as shown on the table below: OUTSTANDING ASSESSMENT Improvement Area #1 Improvement Area #1 has an outstanding Assessment of $7,109,176.74. The District outstanding Assessment is less than the $7,176,000 in outstanding Bonds, net of the principal bond payment due September 15, due to Prepayments of Assessment for which bonds have not yet been redeemed Improvement Area #2-A Improvement Area #2-A has an outstanding Assessment of $1,731,629.87. Improvement Area #2-B Authorized Improvements Budget Total Draws Requested Percent of Budget Spent Forecast Completion Date Major Improvements Benefiting IA#2-B 716,772.32$ -$ 0.00% Improvement Area #2-B Improvements 5,277,350.79$ -$ 0.00% Improvement Area #2-B Authorized Improvement Budget THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 7 Improvement Area #2-B has an outstanding Assessment of $3,866,650.80. ANNUAL INSTALLMENT DUE 1/31/2026 Improvement Area #1  Principal and Interest – The total principal and interest required for the Improvement Area #1 Annual Installment is $523,615.00.  Additional Interest – The total Delinquency and Prepayment Reserve Requirement, as defined in the Indenture, is equal to $394,680.00 and has not been met. As such, the Delinquency and Prepayment Reserve Account will be funded with Additional Interest on the outstanding Assessments, resulting in an Additional Interest amount due of $35,880.00.  Annual Collection Costs – The cost of administering the District and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Annual Collection Costs budgeted for the Improvement Area #1 Annual Installment is $53,749.84. Total Annual Collection Costs 53,749.84$ Improvement Area #1 Annual Collection Costs Breakdown THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 8 See the Limited Offering Memorandum for the pay period for Improvement Area #1. See Exhibit B-1 for the debt service schedule for the Improvement Area #1 Bonds as shown in the Limited Offering Memorandum. Improvement Area #2-A  Principal and Interest – The total principal and interest required for the Improvement Area #2-A Annual Installment is $127,412.66.  Annual Collection Costs – The cost of administering the District and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Annual Collection Costs budgeted for the Improvement Area #2-A is $9,521.05. Total 613,244.84$ Improvement Area #1 Due January 31, 2026 Total Annual Collection Costs 9,521.05$ Improvement Area #2-A Annual Collection Costs Breakdown THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 9 Please contact P3Works for the pay period for the Improvement Area #2-A. See Exhibit B-2 for the reimbursement schedule for Improvement Area #2-A. Improvement Area #2-B  Principal and Interest – The total principal and interest required for the Improvement Area #2-B Annual Installment is $284,506.67.  Annual Collection Costs – The cost of administering the District and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Annual Collection Costs budgeted for the Improvement Area #2-B Annual Installment is $21,260.07. Total Improvement Area #2-A Due January 31, 2026 Total Annual Collection Costs 21,260.07$ Improvement Area #2-B Annual Collection Costs Breakdown Total Improvement Area #2-B Due January 31, 2026 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 10 Please contact P3Works for the pay period for the Improvement Area #2-B. See Exhibit B-3 for the reimbursement schedule for Improvement Area #2-B. PREPAYMENT OF ASSESSMENTS IN FULL Improvement Area #1 The following is a list of all Parcels or Lots that made a Prepayment in full within Improvement Area #1. Improvement Area #2-A No full prepayments of Assessments have occurred within Improvement Area #2-A. Improvement Area #2-B No full prepayments of Assessments have occurred within Improvement Area #2-B. Property ID Address Lot Type Prepayment Amount Prepayment Date Recorded Lien Release Number Improvement Area #1 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 11 PARTIAL PREPAYMENT OF ASSESSMENTS Improvement Area #1 No partial prepayments of Assessments have occurred within Improvement Area #1. Improvement Area #2-A No partial prepayments of Assessments have occurred within Improvement Area #2-A. Improvement Area #2-B No partial prepayments of Assessments have occurred within Improvement Area #2-B. EXTRAORDINARY OPTIONAL REDEMPTIONS Improvement Area #1 No Extraordinary Optional Redemptions have occurred within Improvement Area #1. SERVICE PLAN – FIVE YEAR BUDGET FORECAST The PID Act requires the annual indebtedness and projected costs for the Authorized Improvements to be reviewed and updated in the Annual Service Plan Update, and the projection shall cover a period of not less than five years. Annual Installments Due 1/31/2026 1/31/2027 1/31/2028 1/31/2029 1/31/2030 Principal 115,000.00$ 121,000.00$ 126,000.00$ 132,000.00$ 138,000.00$ Interest 408,615.00 403,008.76 397,110.00 390,967.50 384,532.50 (1) 523,615.00$ 524,008.76$ 523,110.00$ 522,967.50$ 522,532.50$ Additional Interest (2) 35,880.00$ 35,305.00$ 34,700.00$ 34,070.00$ 33,410.00$ Annual Collection Costs (3) 53,749.84$ 51,343.80$ 52,370.68$ 53,418.09$ 54,486.45$ Total Annual Installment (4) = (1) + (2) + (3)613,244.84$ 610,657.56$ 610,180.68$ 610,455.59$ 610,428.95$ Improvement Area #1 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 12 ASSESSMENT ROLL The list of current Parcels or Lots within the District, the corresponding total Assessments, and current Annual Installments are shown on the Assessment Rolls attached hereto as Exhibit A-1, Exhibit A-2, and Exhibit A-3. The Parcels or Lots shown on the Assessment Rolls will receive the bills for the 2025 Annual Installments which will be delinquent if not paid by January 31, 2026. The list of Parcels shown on the Assessment Roll is subject to change based on the final certified rolls provided by the County prior to billing. Annual Installments Due 1/31/2026 1/31/2027 1/31/2028 1/31/2029 1/31/2030 Principal 23,514.86$ 24,925.76$ 26,421.30$ 28,006.58$ 29,686.97$ Interest 103,897.79 102,486.90 100,991.36 99,406.08 97,725.68 (1) 127,412.66$ 127,412.66$ 127,412.66$ 127,412.66$ 127,412.66$ Total Annual Installment (4) = (1) + (2) + (3)136,933.71$ 136,094.56$ 136,268.20$ 136,445.31$ 136,625.96$ Footnotes: Annual Installments Due 1/31/2026 1/31/2027 1/31/2028 1/31/2029 1/31/2030 Principal 52,507.62$ 55,658.08$ 58,997.57$ 62,537.42$ 66,289.66$ Interest 231,999.05 228,848.59 225,509.11 221,969.25 218,217.01 (1) 284,506.67$ 284,506.67$ 284,506.67$ 284,506.67$ 284,506.67$ Total Annual Installment (4) = (1) + (2) + (3)305,766.74$ 303,892.97$ 304,280.69$ 304,676.17$ 305,079.56$ Footnotes: Improvement Area #2-B Improvement Area #2-A THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 13 EXHIBIT A-1 – IMPROVEMENT AREA #1 ASSESSMENT ROLL Property ID[a]Lot Type Notes Outstanding Assessment Annual Installment Due 1/31/2026 Improvement Area #1[b] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 14 Property ID[a]Lot Type Notes Outstanding Assessment Annual Installment Due 1/31/2026 Improvement Area #1[b] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 15 Property ID[a]Lot Type Notes Outstanding Assessment Annual Installment Due 1/31/2026 Improvement Area #1[b] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 16 Property ID[a]Lot Type Notes Outstanding Assessment Annual Installment Due 1/31/2026 Improvement Area #1[b] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 17 Property ID[a]Lot Type Notes Outstanding Assessment Annual Installment Due 1/31/2026 Improvement Area #1[b] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 18 Property ID[a]Lot Type Notes Outstanding Assessment Annual Installment Due 1/31/2026 7,109,176.74$ 608,035.39$ Footnotes: Improvement Area #1[b] Total THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 19 EXHIBIT A-2 – IMPROVEMENT AREA #2-A ASSESSMENT ROLL Property ID[a]Lot Type Outstanding Assessment Annual Installment Due 1/31/2026[b] Improvement Area #2-A THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 20 Property ID[a]Lot Type Outstanding Assessment Annual Installment Due 1/31/2026[b] 1,731,629.87$ 136,933.50$ Footnotes: Improvement Area #2-A Total THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 21 EXHIBIT A-3 – IMPROVEMENT AREA #2-B ASSESSMENT ROLL Property ID[a]Lot Type Outstanding Assessment Annual Installment Due 1/31/2026[b] Improvement Area #2-B THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 22 Property ID[a]Lot Type Outstanding Assessment Annual Installment Due 1/31/2026[b] Improvement Area #2-B THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 23 Property ID[a]Lot Type Outstanding Assessment Annual Installment Due 1/31/2026[b] Improvement Area #2-B THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 24 Property ID[a]Lot Type Outstanding Assessment Annual Installment Due 1/31/2026[b] 3,866,650.80$ 305,766.53$ Footnotes: Improvement Area #2-B Total THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 25 EXHIBIT B-1 – IMPROVEMENT AREA #1 DEBT SERVICE SCHEDULE THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 26 EXHIBIT B-2 – IMPROVEMENT AREA #2-A REIMBURSEMENT SCHEDULE Annual Installments Due 1/31 Principal Interest[a] Annual Collection Costs Total Annual Installment[b] Total 1,731,629.87$ 1,963,337.18$ 331,196.06$ 4,026,163.11$ Footnotes: THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 27 EXHIBIT B-3 – IMPROVEMENT AREA #2-B REIMBURSEMENT SCHEDULE Annual Installments Due 1/31 Principal Interest[a] Annual Collection Costs Total Annual Installment[b] Total 3,866,650.80$ 4,384,042.67$ 739,545.76$ 8,990,239.22$ Footnotes: THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 28 EXHIBIT C-1 – THE WOODS AT LINDSEY PLACE PHASE 2A FINAL PLAT THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 29 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 30 EXHIBIT C-2 – THE WOODS AT LINDSEY PLACE PHASE 2B FINAL PLAT THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 31 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 32 EXHIBIT D-1 – IMPROVEMENT AREA #1 LOT TYPE CLASSIFICATION MAP THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 33 EXHIBIT D-2 – IMPROVEMENT AREA 2-A LOT TYPE CLASSIFICATION MAP THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 34 EXHIBIT D-3 – IMPROVEMENT AREA 2-B LOT TYPE CLASSIFICATION MAP THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 35 EXHIBIT E – BUYER DISCLOSURES Buyer disclosures for the following Lot Types are found in this Exhibit:  Improvement Area #1 o Lot Type 1 o Lot Type 2  Improvement Area #2-A o Lot Type 3  Improvement Area #2-B o Lot Type 4 o Lot Type 5 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 1 THE WOODS AT LINDESY PLACE PUBLIC IMPROVEMENT DISTRICT – IMPROVEMENT AREA #1 – LOT TYPE 1 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court- ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2025 ANNUAL SERVICE PLAN UPDATE 2 AFTER RECORDING1 RETURN TO: ____________________ ____________________ ____________________ ____________________ ____________________ NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY __________________________________________ STREET ADDRESS IMPROVEMENT AREA #1 LOT TYPE 1 PRINCIPAL ASSESSMENT: $32,729.76 As the purchaser of the real property described above, you are obligated to pay assessments to City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Anna. The exact amount of each annual installment will be approved each year by the Anna 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 City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. _________________ 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 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 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. ______________ 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. 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 ______________ 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. 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]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 Collin County. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment 2026 524.52$ 1,863.69$ 163.65$ 247.46$ 2,799.32$ 2027 551.88$ 1,838.12$ 161.03$ 236.38$ 2,787.41$ 2028 574.69$ 1,811.22$ 158.27$ 241.11$ 2,785.28$ 2029 602.05$ 1,783.20$ 155.39$ 245.93$ 2,786.58$ 2030 629.42$ 1,753.85$ 152.38$ 250.85$ 2,786.50$ 2031 661.35$ 1,723.17$ 149.24$ 255.87$ 2,789.62$ 2032 697.83$ 1,685.97$ 145.93$ 260.98$ 2,790.72$ 2033 734.32$ 1,646.72$ 142.44$ 266.20$ 2,789.68$ 2034 775.37$ 1,605.41$ 138.77$ 271.53$ 2,791.08$ 2035 820.98$ 1,561.80$ 134.89$ 276.96$ 2,794.63$ 2036 866.59$ 1,515.62$ 130.79$ 282.50$ 2,795.49$ 2037 912.20$ 1,466.87$ 126.45$ 288.15$ 2,793.67$ 2038 966.93$ 1,415.56$ 121.89$ 293.91$ 2,798.29$ 2039 1,017.10$ 1,361.17$ 117.06$ 299.79$ 2,795.12$ 2040 1,076.40$ 1,303.96$ 111.97$ 305.78$ 2,798.11$ 2041 1,135.69$ 1,243.41$ 106.59$ 311.90$ 2,797.59$ 2042 1,204.10$ 1,179.53$ 100.91$ 318.14$ 2,802.68$ 2043 1,272.52$ 1,111.80$ 94.89$ 324.50$ 2,803.71$ 2044 1,340.94$ 1,040.22$ 88.53$ 330.99$ 2,800.67$ 2045 1,423.03$ 961.44$ 81.82$ 337.61$ 2,803.90$ 2046 1,509.69$ 877.83$ 74.71$ 344.36$ 2,806.60$ 2047 1,596.35$ 789.14$ 67.16$ 351.25$ 2,803.90$ 2048 1,696.69$ 695.35$ 59.18$ 358.27$ 2,809.50$ 2049 1,797.04$ 595.67$ 50.70$ 365.44$ 2,808.84$ 2050 1,906.50$ 490.10$ 41.71$ 372.75$ 2,811.05$ 2051 2,020.52$ 378.09$ 32.18$ 380.20$ 2,811.00$ 2052 2,143.67$ 259.38$ 22.08$ 387.81$ 2,812.94$ 2053 2,271.38$ 133.44$ 11.36$ 395.56$ 406.92$ Total 32,729.76$ 34,091.73$ 2,941.96$ 8,602.16$ 75,960.79$ Footnotes: [a]Interest rate on the Improvement Area #1 Bonds is 4.875%for bonds maturing 2030, 5.625% for bonds maturing 2043, and 5.875% for bonds maturing 2053. [b]The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs,reserve fund requirements,interest earnings,or other available offsets could increase or decrease the amounts shown. THE WOODS AT LINDESY PLACE PUBLIC IMPROVEMENT DISTRICT – IMPROVEMENT AREA #1 – LOT TYPE 2 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court- ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING1 RETURN TO: ____________________ ____________________ ____________________ ____________________ ____________________ NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY __________________________________________ STREET ADDRESS IMPROVEMENT AREA #1 LOT TYPE 2 PRINCIPAL ASSESSMENT: $34,093.50 As the purchaser of the real property described above, you are obligated to pay assessments to City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Anna. The exact amount of each annual installment will be approved each year by the Anna 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 City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. _________________ 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 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 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. ______________ 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. 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 ______________ 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. 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]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 Collin County. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment Annual Installments Due 1/31 Principal Interest[a] Additional Interest Annual Collection Costs Total Annual Installment[b] Total 34,093.50$ 35,512.22$ 3,064.54$ 8,960.59$ 79,125.82$ Footnotes: ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 2 THE WOODS AT LINDESY PLACE PUBLIC IMPROVEMENT DISTRICT – IMPROVEMENT AREA #2-A – LOT TYPE 3 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court- ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING1 RETURN TO: ____________________ ____________________ ____________________ ____________________ ____________________ NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY __________________________________________ STREET ADDRESS IMPROVEMENT AREA #2-A LOT TYPE 3 PRINCIPAL ASSESSMENT: $23,088.40 As the purchaser of the real property described above, you are obligated to pay assessments to City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Anna. The exact amount of each annual installment will be approved each year by the Anna 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 City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. _________________ 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 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 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. ______________ 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. 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 ______________ 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. 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]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 Collin County. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment Annual Installments Due 1/31 Principal Interest[a] Annual Collection Costs Total Annual Installment[b] Total 23,088.40$ 26,177.83$ 4,415.95$ 53,682.17$ Footnotes: ANNUAL INSTALLMENTS - IMPROVEMENT AREA #2-A LOT TYPE 3 THE WOODS AT LINDESY PLACE PUBLIC IMPROVEMENT DISTRICT – IMPROVEMENT AREA #2-B – LOT TYPE 4 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court- ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING1 RETURN TO: ____________________ ____________________ ____________________ ____________________ ____________________ NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY __________________________________________ STREET ADDRESS IMPROVEMENT AREA #2-B LOT TYPE 4 PRINCIPAL ASSESSMENT: $28,110.87 As the purchaser of the real property described above, you are obligated to pay assessments to City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Anna. The exact amount of each annual installment will be approved each year by the Anna 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 City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. _________________ 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 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 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. ______________ 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. 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 ______________ 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. 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]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 Collin County. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment Annual Installments Due 1/31 Principal Interest[a] Annual Collection Costs Total Annual Installment[b] Total 28,110.87$ 31,872.36$ 5,376.56$ 65,359.79$ Footnotes: ANNUAL INSTALLMENTS - IMPROVEMENT AREA #2-B LOT TYPE 4 THE WOODS AT LINDESY PLACE PUBLIC IMPROVEMENT DISTRICT – IMPROVEMENT AREA #2-B – LOT TYPE 5 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court- ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING1 RETURN TO: ____________________ ____________________ ____________________ ____________________ ____________________ NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY __________________________________________ STREET ADDRESS IMPROVEMENT AREA #2-B LOT TYPE 5 PRINCIPAL ASSESSMENT: $32,327.51 As the purchaser of the real property described above, you are obligated to pay assessments to City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Anna. The exact amount of each annual installment will be approved each year by the Anna 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 City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. _________________ 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 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 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. ______________ 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. 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 ______________ 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. 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]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 Collin County. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment Annual Installments Due 1/31 Principal Interest[a] Annual Collection Costs Total Annual Installment[b] 2026 439.00$ 1,939.65$ 177.75$ 2,556.39$ 2027 465.33$ 1,913.31$ 162.08$ 2,540.73$ 2028 493.25$ 1,885.39$ 165.32$ 2,543.97$ 2029 522.85$ 1,855.80$ 168.63$ 2,547.27$ 2030 554.22$ 1,824.42$ 172.00$ 2,550.65$ 2031 587.47$ 1,791.17$ 175.44$ 2,554.09$ 2032 622.72$ 1,755.92$ 178.95$ 2,557.60$ 2033 660.09$ 1,718.56$ 182.53$ 2,561.17$ 2034 699.69$ 1,678.95$ 186.18$ 2,564.83$ 2035 741.67$ 1,636.97$ 189.90$ 2,568.55$ 2036 786.17$ 1,592.47$ 193.70$ 2,572.35$ 2037 833.34$ 1,545.30$ 197.58$ 2,576.22$ 2038 883.34$ 1,495.30$ 201.53$ 2,580.17$ 2039 936.34$ 1,442.30$ 205.56$ 2,584.20$ 2040 992.53$ 1,386.12$ 209.67$ 2,588.31$ 2041 1,052.08$ 1,326.57$ 213.86$ 2,592.51$ 2042 1,115.20$ 1,263.44$ 218.14$ 2,596.79$ 2043 1,182.11$ 1,196.53$ 222.50$ 2,601.15$ 2044 1,253.04$ 1,125.60$ 226.95$ 2,605.60$ 2045 1,328.22$ 1,050.42$ 231.49$ 2,610.14$ 2046 1,407.92$ 970.73$ 236.12$ 2,614.77$ 2047 1,492.39$ 886.25$ 240.84$ 2,619.49$ 2048 1,581.94$ 796.71$ 245.66$ 2,624.31$ 2049 1,676.85$ 701.79$ 250.57$ 2,629.22$ 2050 1,777.46$ 601.18$ 255.59$ 2,634.23$ 2051 1,884.11$ 494.54$ 260.70$ 2,639.34$ 2052 1,997.16$ 381.49$ 265.91$ 2,644.56$ 2053 2,116.99$ 261.66$ 271.23$ 2,649.87$ 2054 2,244.01$ 134.64$ 276.65$ 2,655.30$ Total 32,327.51$ 36,653.21$ 6,183.04$ 75,163.76$ Footnotes: [a]Interest is calculated at a 6.00%rate.Upon the issuance of PID Bonds,interest shall adjust to the rate of the PID Bonds plus Additional Interest of 0.50%. [b]The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs,interest earnings,or other available offsets could increase or decrease the amounts shown. ANNUAL INSTALLMENTS - IMPROVEMENT AREA #2-B LOT TYPE 5 Exhibit A The Woods at Lindsey Place Public Improvement District 2025 Annual Service Plan Update [Remainder of page left intentionally blank.]