HomeMy WebLinkAbout04-28-2026 Executive Session & Regular Meeting Packet
AGENDA
City Council Meeting
Tuesday, April 28, 2026 @ 6:00 PM
Anna Municipal Complex - Council Chambers
120 W. 7th Street, Anna, Texas 75409
The City Council of the City of Anna will meet on Tuesday, April 28, 2026, at 6:00 PM, in the
Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street, to consider the
following items.
Welcome to the City Council meeting. If you wish to speak on an Open Session agenda
item, please fill out the Opinion/Speaker Registration Form and turn it in to the City
Secretary before the meeting starts.
1. Call to Order, Roll Call, and Establishment of Quorum.
2. Invocation and Pledge of Allegiance.
American Pledge: I pledge allegiance to the flag of the United States of America, and to the
Republic for which it stands, one nation under God, indivisible, with liberty and justice for all.
Texas Pledge: Honor the Texas flag; I pledge allegiance to thee, Texas, one state under
God, one and indivisible.
3. Neighbor Comments.
At this time, any person may address the City Council regarding an item on this meeting
Agenda that is not scheduled for public hearing. Also, at this time, any person may address
the City Council regarding an item that is not on this meeting Agenda. Each person will be
allowed up to three (3) minutes to speak. No discussion or action may be taken at this
meeting on items not listed on this Agenda, other than to make statements of specific
information in response to a citizen's inquiry or to recite existing policy in response to the
inquiry.
4. Presentations.
Receive reports from Staff or the City Council about items of community interest.
Items of community interest include: expression of thanks, congratulations, or condolence;
information regarding holiday schedules; an honorary or salutary recognition of a public
official, public employee, or other citizen (but not including a change in status of a person's
public office or public employment); a reminder about an upcoming event organized or
sponsored by the governing body; information regarding a social, ceremonial, or community
event organized or sponsored by an entity other than the governing body that was attended
or is scheduled to be attended by a member of the governing body or an official or
employee of the municipality; and announcements involving an imminent threat to the public
health and safety of people in the municipality that has arisen after the posting of the
Agenda.
a. Proclamation for Sexual Assault Awareness Month, April 2026.
b. Proclamation for National Small Business Week, May 3 through May 9, 2026.
(Economic Development Manager Salena Tittle)
5. Work Session.
a. Presentation on Fetch-A-Ride, public transportation assistance, by Trippp
Consulting.
6. Consent Items.
These items consist of non-controversial or "housekeeping" items required by law.
Items may be considered individually by any Council Member making such request prior to a
motion and vote on the Consent Items.
a. Approve City Council Meeting Minutes for April 14, 2026. (City Secretary Carrie
Land)
b. Review Minutes of the March 5, 2026, Joint Community Development
Corporation and Economic Development Corporation Board Meeting. (Interim
Director of Economic Development Natasha Roach)
c. Review Minutes of the March 2, 2026, Planning & Zoning Commission Meeting.
(Senior Planner Lauren Mecke)
d. Approve a Resolution authorizing the Anna Economic Development
Corporation's purchase of real property at 508 S Riggins Street. (Interim
Director of Economic Development Natasha Roach)
e. Approve a Resolution determining the costs of certain Authorized Improvements
to be financed by the Sherley Tract Public Improvement District no. 2; approving
a Preliminary Service Plan and Assessment Plan (PSAP), including proposed
Assessment Rolls; calling a regular meeting and noticing a Public Hearing for
May 26, 2026 to consider an Ordinance Levying Assessments on property
located within Improvement Area #2, Improvement Area #3, and Improvement
Area #4 of said District; directing the filing of the proposed Assessment Rolls
with the City Secretary to make available for public inspection; directing city staff
to publish and mail notice of said Public Hearing; and resolving other matters
incident and related thereto. (Director of Public Works Joseph Cotton)
7. Items For Individual Consideration and Public Hearings.
At the time and place of any public hearing held during this meeting, all persons who desire
will have an opportunity to be heard in opposition to or in favor of the ordinance, application,
or other proposed item.
a. Conduct a Public Hearing/Consider/Discuss/Action for a recommendation
regarding a request for a Specific Use Permit for an Auto Repair, Light on 1.2±
acres on the west side of US Highway 75, 1,000± feet north of W. Rosamond
Parkway. (SUP 26-0002)(Senior Planner Lauren Mecke)
b. Consider/Discuss/Action on a Resolution to enter into an Agreement with
FREESE AND NICHOLS, INC. in an amount not to exceed $902,725 to provide
Engineering design services for the Sherley Farms 3.0 MG Elevated Storage
Tank (EST) in the City of Anna, Texas. (City Engineer Kevin Bates).
c. Consider/Discuss/Action on filling a vacancy on the Planning and Zoning
Commission.
8. Future Agenda Items.
Requests from the City Council for items to be placed on upcoming agendas by a vote of
three or more.
9. Closed Session (Exceptions).
Under Tex. Gov't Code Chapter 551, the City Council may enter into Closed Session to
discuss any items listed or referenced on this Agenda under the following exceptions:
a. Consult with legal counsel regarding pending or contemplated litigation and/or
on matters in which the duty of the attorney to the governmental body under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code
§551.071).
b. Discuss or deliberate the purchase, exchange, lease, or value of real property
(Tex. Gov’t Code §551.072).
c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or
deliberate regarding commercial or financial information that the City has
received from a business prospect that the City seeks to have locate, stay, or
expand in or near the territory of the City of Anna and with which the City is
conducting economic development negotiations; or (2) To deliberate the offer of
a financial or other incentive to a business prospect described by subdivision
(1). (Tex. Gov’t Code §551.087).
d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City
Council
The Council further reserves the right to enter into Closed Session at any time
throughout any duly noticed meeting under any applicable exception to the Open
Meetings Act.
10. Consider/Discuss/Action on any items listed on any agenda - executive session, regular
meeting, or closed session - that is duly posted by the City of Anna for any City Council
meeting occurring on the same date as the meeting noticed in this agenda.
11. Adjourn.
This is to certify that I, Carrie L Land, City Secretary, posted this Agenda on the City’s website
(www.annatexas.gov) and at the Anna Municipal Complex bulletin board at or before 5:00 p.m.
on 04/22/2026.
Carrie L. Land, City Secretary
1. The Council may vote and/or act upon each of the items listed in this Agenda. Notwithstanding the foregoing
or any other statement in this Agenda, the Council shall not take action on any item until after providing an
opportunity for public testimony under the "Neighbor Comments" item or after any public hearing held under
applicable law.
2. The Council reserves the right to retire into closed executive session concerning any of the items listed on
this agenda, whenever it is considered necessary and legally justified under the Open Meeting Act.
3. In accordance with the Americans with Disabilities Act, it is the policy of the City of Anna to offer its public
programs, services, and meetings in a manner that is readily accessible to everyone, including individuals
with disabilities. If you are a person with a disability and require information or materials in an appropriate
alternative format, or if you require any other accommodation, please contact the ADA Coordinator at least
48 working hours in advance of the event by emailing adacompliance@annatexas.gov. Advance notification
within this guideline will enable the City to make reasonable arrangements to ensure accessibility.
Item No. 4.a.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact:
AGENDA ITEM:
Proclamation for Sexual Assault Awareness Month, April 2026.
SUMMARY:
Sexual Assault Awareness Month (SAAM) is a time for advocates, survivors, their loved ones,
and the community to come together to talk openly about sexual violence to support
survivors, increase knowledge and awareness, and identify strategies and resources to
prevent sexual violence.
FINANCIAL IMPACT:
BACKGROUND:
STRATEGIC CONNECTIONS:
ATTACHMENTS:
1. Proclamation Sexual Assault Awareness Month - April 2026
City of Anna, Texas
Proclamation
Sexual Assault Awareness Month
April 2026
April marks Sexual Assault Awareness Month (SAAM) — a time to honor 25 years of progress and
recommit to creating safer communities for all. This year’s theme, “25 Years Strong: Looking Back,
Moving Forward,” celebrates the resilience of survivors and the communities that have worked for
change.
For 25 years, SAAM has supported survivors, raised awareness, and inspired action to prevent
sexual assault, abuse, and harassment. As we reflect on how far we have come, we also
recognize the work that lies ahead.
Prevention starts with all of us. It is in how we support one another, practice consent, and
create spaces rooted in care and respect. When we act with intention, we move closer to a
future free from violence.
We honor the survivors who have shared their stories and the advocates who have led the way.
Their courage reminds us that prevention is possible and that each of us has a role to play.
As we look to the next 25 years, we renew our commitment to building a future free from
sexual violence. Together, we can continue to strengthen prevention, support healing, and
create communities where everyone feels safe and valued.
Statistics show:
• Most women and men across all sexual identities who experienced contact sexual
violence reported that the person who harmed them was someone they knew (Chen, et al.,
2023).
• Over 53% of women and over 29% of men reported experiencing contact sexual violence
(Chen, et al., 2023).
• 1 in 5 male victims reported only male perpetrators, 1 in 2 had only female perpetrators,
and about 1 in 6 had both male and female perpetrators (Chen, et al., 2023).
• More than 1 and 4 non-Hispanic Black women (29%) in the United States were raped in
their lifetime (Basile et al., 2022).
• 1 in 3 Hispanic women (34.8%) reported unwanted sexual contact in their lifetime (Basile
et al., 2022)
• More than 4 in 5 American Indian and Alaska Native women (84.3%) have experienced
violence in their lifetime (Rosay, 2016).
• 32.9% of adults with intellectual disabilities have experienced sexual violence (Tomsa et
al., 2021).
• 47% of all transgender people have been sexually assaulted at some point in their lives
(James et al., 2016).
25 years strong. Every voice matters. Every action counts. By standing in solidarity, we can
build a future free from sexual violence and create a world where everyone is safe, valued, and
respected.
In witness, whereof I have hereunto set my hand this
28th day of April, 2026 and called this seal to be
affixed.
________________________________________
Pete Cain, Mayor
Basile, K. C., Smith, S. G., Kresnow, M., Khatiwada S., & Leemis, R. W. (2022). The National Intimate Partner
and Sexual Violence Survey: 2016/2017 report on sexual violence. Centers for Disease Control and Prevention.
https://www.cdc.gov/violenceprevention/pdf/nisvs/nisvsReportonSexualViolence.pdf
Chen, J., Khatiwada, S., Chen, M. S., Smith, S. G., Leemis, R. W., Friar, N., Basile, K. C., and Kresnow, M.
(2023). The National Intimate Partner and Sexual Violence Survey (NISVS) 2016/2017: Report on Victimization
by Sexual Identity. Atlanta, GA: National Center for Injury Prevention and Control, Centers for Disease Control
and Prevention. https://www.cdc.gov/violenceprevention/pdf/nisvs/nisvsReportonSexualIdentity.pdf
James, S. E., Herman, J. L., Rankin, S., Keisling, M., Mottet, L., & Anafi, M. (2016). The report of the 2015 U.S.
Transgender Survey. National Center for Transgender Equality.
https://transequality.org/sites/default/files/docs/usts/USTS-Full-Report-Dec17.pdf
Rosay, A. B. (2016, September). Violence against American Indian and Alaska Native women and men,. NIJ
Journal, 277. National Institute of Justice. http://nij.gov/ journals/277/Pages/violence-againstamerican-indians-
alaska-natives.aspx
Tomsa, R., Gutu, S., Cojocaru, D., Gutiérrez-Bermejo, B., Flores, N., & Jenaro, C. (2021). Prevalence of sexual
abuse in adults with intellectual disability: Systematic review and meta-analysis. International Journal of
Environmental Research and Public Health, 18(4), 1980. https://doi.org/10.3390/ijerph18041980
Item No. 4.b.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Salena Tittle
AGENDA ITEM:
Proclamation for National Small Business Week, May 3 through May 9, 2026.
(Economic Development Manager Salena Tittle)
SUMMARY:
National Small Business Week will be observed from May 3 through May 9, 2026. The
Economic Development Corporation, in partnership with the City of Anna, seeks to
recognize and support the vital contributions of local small businesses to our
community. Residents are encouraged to participate in this celebration by shopping and
dining locally, helping to strengthen Anna's economy and support our small business
community.
FINANCIAL IMPACT:
This item has no financial impact.
BACKGROUND:
Small Business Week officially recognizes the hard work, dedication, ingenuity, and
contributions that our small businesses bring to the community.
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Vibrant.
ATTACHMENTS:
1. Small Business Week Proclamation 2026
City of Anna, Texas
Proclamation
NATIONAL SMALL BUSINESS WEEK
May 3, 2026 – May 9, 2026
WHEREAS, the US Small Business Administration sponsors National Small Business Week every year to
recognize the contributions of entrepreneurs and small business owners; and
WHEREAS, when the City of Anna supports small businesses, jobs are created, and our local community
preserves its unique culture; and
WHEREAS, the Small Business Administration will hold a virtual summit with training opportunities from
May 3rd through May 9th with the theme “America First”; attendance is free, and registration is
available on the Small Business Administration website (http://www.sba.gov/national-small-
business-week); and
WHEREAS, the City of Anna Economic Development Corporation supports the business community, with a
special emphasis on locally owned businesses, by serving as a resource liaison to help our
businesses succeed; administering programs to support job creation, business retention and
expansion; partnering with the Greater Anna Chamber of Commerce, Small Business
Administration, North Texas Small Business Development Center, Collin College, Grayson
College, and North Central Texas Workforce Solutions by educating our local businesses on
small business topics, provide coaching for business plans, and fostering support from
entrepreneur peers; and
WHEREAS, the City of Anna actively supports our local small businesses and encourages our neighbors to
join in supporting our local businesses, acknowledging the crucial role they play in our lives and
in our community; and
Now, I Pete Cain, Mayor of the City of Anna, do recognize May 3, 2026 – May 9, 2026, as
NATIONAL SMALL BUSINESS WEEK
in Anna, Texas and urge all citizens to recognize this week by dedicating ourselves to the task of supporting
and promoting our local small businesses by shopping and eating locally here in Anna.
In witness, whereof I have hereunto set my hand this
28th day of April 2026 and called this seal to be affixed.
________________________________________
Pete Cain, Mayor
Item No. 5.a.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact:
AGENDA ITEM:
Presentation on Fetch-A-Ride, public transportation assistance, by Trippp Consulting.
SUMMARY:
FINANCIAL IMPACT:
No funding has been allocated in the FY 2025 budget.
BACKGROUND:
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Resilient.
ATTACHMENTS:
1. Memorandum 25-104 - Ongoing Discussions on Transportation Solutions
2. 08-26-2025 Work Session & Regular Meeting Packet
3. Aug. 26, 2025 - Tripp Consulting
Memorandum
Memorandum No: 25-104
Date: January 23, 2025
To: Honorable Mayor and City Council
From: Ryan Henderson, City Manager
Re: Ongoing Discussions on Transportation Solutions
_____________________________________________________________________________________
Anna neighbors have reached out to city officials and staff expressing concern with the lack of affordable
transportation service for seniors and those with disabilities within Anna and to medical appointments
outside of the Anna area. Staff has reviewed several options to get elderly neighbors and neighbors with
disabilities to and from medical appointments within and outside of the city limits. Previously, staff has
reviewed establishing a volunteer-led program, joining Collin County Transit, and establishing a rural
transit district. At the recommendation of the North Central Texas Council of Governments (NCTCOG), our
area’s metropolitan planning organization, staff reviewed three additional options for transit service:
partnering with a regional transit provider via interlocal agreement, partnering with a small public transit
provider via interlocal agreement, and procuring service through a 3rd party contract with a private
provider. Staff has also been researching funding opportunities for the potential program and other
program considerations.
Previous Transit Discussions
Volunteer-led Approach: Staff has considered and researched a volunteer-led approach by coordinating
discussions between the Community Enhancement and Compliance Division and the faith-based
community in Anna. There is great deal of liability if facilitated through the City with volunteers and an
option that area churches do not have the resources to organize or commit to regularly.
Collin County Transit: Staff have has researched joining an existing transit district. Previously, the City of
Melissa was a part of the Collin County Transit program and we’ve received feedback from neighbors
asking staff to explore joining their program. In the past, the hope was that after the 2020 Census, the
McKinney Urban Transit District (MUTD) which Collin County Transit serves would grow to expand north
based on increased density in Anna so that we could join their program. The transit district was instead
redrawn to primarily encompass McKinney, Frisco, and their surrounding cities making the option of
joining the McKinney Urban Transit District no longer viable. The City of Melissa is still able to participate
in Collin Country Transit until previously allocated funds run out – which is estimated to be in
approximately 5 years.
Rural Transit District: After learning Anna was unable to join the Collin County Transit program, the North
Central Texas Council of Governments (NCTCOG) suggested the City work with Collin County to create a
county wide Rural Transit District (RTD) to access federal funding. The Collin County Commissioners Court
is the lead agency in establishing an RTD and will be engaging with local municipalities to explore this
option. According to Collin County Commissioners, there is no timeline for establishing a Collin County
RTD. Collin County is one of eight counties in the state of Texas not participating in an RTD.
Recent Transit Service Provider Research
At the recommendation of NCTCOG, staff has researched three additional options for transit service for
elderly neighbors and neighbors with disabilities:
Partner with a Regional Transit Provider via interlocal agreement:
• NCTCOG recommended we look at Denton County Transportation Authority (DCTA) to connect
with their regional system via interlocal agreement. After brief discussions, the potential for a
partnership exists in the long-term but not in the short-term, and the DCTA Board would need to
have discussions about strategic growth of their services and whether or not Anna could fit into
the equation.
Partner with Small Transit Provider via interlocal agreement
At the recommendation of NCTCOG, staff has connected with three smaller providers in the area to
determine their ability to provide services to Anna neighbors:
• Senior Center Resources and Public Transit (SCRPT Transit): SCRPT Transit, operating out of Hunt
County, is open to expanding to Collin County and a partnership with the City of Anna. SCRPT
would provide transit service for seniors and people with disabilities at approximately $120 an
hour. Estimating a Monday through Friday service from 7:00 a.m. to 7:00 p.m., the program would
cost about $374,400 annually. If this is an option Council would consider, staff could further
explore utilizing funds through the TxDOT Section 5310 Enhanced Mobility for Seniors and
Individuals with Disabilities program.
• SPAN Transit: SPAN Transit, operating out of Denton County, is currently focused on meeting
demands on post-pandemic increased ridership in their current transit area. Right now, they are
facing capacity restraints in the area they currently serve resulting in service denials and are not
able to expand. SPAN is open to and interested in partnership with Anna in the longer-term future
when resources allow.
• STAR Transit: The STAR board has determined that South Dallas County is the area where they
would like to target for growth and are not interested in expanding to our area at this time.
Procure service via a 3rd-party contract
Without the ability or willingness to join an existing transit service or public provider, staff has reviewed
procuring a third-party contract to provide transportation services.
• TRIPPP Consulting Partnership: TRIPPP Consulting works with cities to create a microtransit
partnership that provides on-demand rides for individuals within a service area. TRIPPP partners
with Uber to provide the basis for the microtransit system and employ s Maritius to provide
Wheelchair Accessible Vehicles (WAVs) for the rideshare area so disabled neighbors are well-
served in a capacity that a stand-alone partnership with Uber couldn’t provide. City funding for
the program would provide a discount for eligible residents in using ride-shares within the
program’s boundaries. Per their most recent quote, they estimate a rideshare and WAV budget
of $135,938 combined and $135,000 in one-time implementation costs for the first year. After
the first year, they anticipate the rideshare and WAV budget to grow slightly each year as use
grows. The rideshare budget could generally be adjusted by the city, but the implementation costs
could not.
• Via Transportation Partnership: Via offers a microtransit service that provides on-demand rides
for individuals within a service area. Their microtransit system utilizes what would be a dense
network of virtual bus stops established in partnership with the city that neighbors could access
a ride to and from. Users would request a ride by calling the designated number or utilizing a
smart phone app. Users could travel anywhere within the designated zone – city limits – on the
Via buses. Per their most recent quote, employing three buses and 1 WAV within the city would
cost $70,000 upfront and $540,000 operationally for the first year. Employing five buses and 1
WAV would cost $92,000 upfront and $840,000 annually.
• Voucher Program: There are smaller private transportation providers in the North Texas area that
describe their services as medical transportation to doctor’s appointments. If one was interested
in exclusively partnering with us, we could provide vouchers to neighbors to utilize their service
at little to no cost to them. Generally, we estimate a budget of $25,000 to $50,000, but it would
depend on the willingness of the private provider to partner at that amount and the cost per trip
would likely depend on the private provider’s frequency to our area. If we established a budget
of $25,000, and the average ride cost was $250, it would provide an estimated 100 rides for
neighbors. If the average ride cost was $100, it would provide an estimated 250 rides. Once the
budget was depleted for the year, no more vouchers would be given. Setting eligibility,
establishing verification of eligibility, and establishing max number of vouchers per person would
be needed.
Funding Opportunities
Transit Strategic Partnership with North Central Texas Council of Governments
The North Central Texas Council of Governments Surface Transportation Technical Committee
recommended $1.2 million total in Congestion Mitigation & Air Quality (CMAQ) or Carbon Reduction
Program funds for the City of Anna to implement new transportation services at 50% Federal/50% local
match. The city will need to identify a transportation provider or identify if a 3rd party contract is needed
and be approved by the Regional Transportation Council. NCTCOG staff have advised city staff that the
RTC has a strong preference that these funds be used for a public transportation provider and that if the
city is going to request to utilize them with a private provider, we should demonstrate good-faith efforts
to explore options with local public providers.
Federal Earmark Funding
In conversations with the private providers, they have suggested the city consider pursuing Federal
Earmark funding set aside for transportation. Typically, these requests range in size from one to five
million dollars, which can be utilized over the course of a multiple-year period. A request for this type of
funding would need to be made through the Offices of Congressman Self and Senators Cruz and Coryn.
Typically, their offices put out information before the end of March each year to their local communities
soliciting potential requests and choose 10-15 to advocate for at the federal level. If Anna submitted a
request for this funding, the earliest it would be approved would be December 2025 and the earliest funds
would be released is anticipated to be June 2026.
Considerations
The considerations below are important for understanding the difficulty in solving the lack of
transportation access in the City of Anna.
Program Purpose
Some of the programs staff researched would be best suited to serve seniors and people with disabilities
trying to get to medical appointments in and outside of city limits, whereas others would largely serve all
Anna neighbors within city limits. Staff has received limited feedback from neighbors who would be
interested in one idea or the other. Some seniors reach out to look for transportation for medical
appointments, other seniors are seeking transportation to our senior programming, and another group
are parents of teenagers with disabilities seeking transportation for their children to be able to get to work
independently. In determining a best path forward, it is useful to understand any program the city
participates in will likely not fully serve interests.
Anna Medical Offices
Within Anna, there are approximately 30 locations serving medical needs. There are currently six dental
offices, two orthodontal offices, two chiropractic offices, two physical therapy offices, an urgent care, and
an emergency room. In anecdotal conversations with neighbors interested in medical transit, they have
described their needs as transportation to both general practitioners and more specialized medical offices
that may exist in areas with hospitals and medical complexes like McKinney, Allen, and Plano have.
Telehealth services may cover some of what lacks locally. Looking into the future, there are vacant medical
office spaces within the city limits that will likely be filled in time, and Economic Development staff
continue to seek opportunities to add more medical options within the city. At this point in time, it is
difficult to know what types of medical offices neighbors need that don’t exist within city limits, where
they go to receive those medical services, and what medical services may exist within Anna in the future.
Senior Living
Within Anna, there are two senior living developments. Parmore Anna Senior Living is an independent
living community focused on providing quality housing towards individuals 55 and up. They opened in
2024 and were approved for 185 apartment units. The Villages of Hurricane Creek – North is anticipated
to be senior living with quadplexes and single-family homes attached only. They have been approved for
115 units, but we do not have an estimated timeline in place for the project and no site plan has been
approved. The more senior living units built in the city, the greater the need may exist for senior transit
to medical appointments.
Data
Data in establishing neighbors’ overall need is limited to qualitative information provided by neighbors
that have reached out to the city. In 2022, The City facilitated the statistically valid Anna Community
Survey for the first time in which residents ranked ten facets of livability with the city like economic health,
public safety, etc. on both quality and importance. Mobility, a category encompassing ease of travel by
car, walking, public transportation, and more was ranked lowest in quality but also lowest in importance.
The conclusions we may draw from this could include that public transportation isn’t a high priority for
the public at-large, but the data doesn’t tell us much about the depth of need for the smaller group of
neighbors who the programs are intended to serve. Many cities that staff have researched transportation
program examples from had more quantitative data from prior programs that they used to establish need.
City of Melissa and Census 2030
North Texas is undergoing a lot of growth. After the most recent census, the boundaries of the MUTD
changed based on population density. This could change again after the next census. When the City of
Melissa’s transit funding runs out, their citizens may be in the same position the City of Anna neighbors
are with a lack of access to transportation. In the future, the City of Anna may have more options than we
do now, or we may have another city to explore programming with.
Unique Position
The City of Anna is in a unique position being in one of only 8 counties in the state without an urban transit
district, which typically serve seniors and people with disabilities. Five of those eight counties are primarily
served by a metropolitan transit authority, putting only two others in a position similar to ours. Within
Collin County, there are only a few cities not served by the MUTD or by DCTA.
Concluding Thoughts and Next Steps
As Anna continues to grow, there are many factors that may affect the need or interest in city -funded
transit for seniors and individuals with disabilities to their doctors’ appointments. These include the
availability of medical services within town, the amount of senior living developments that are built within
the city, as well as the general expansion of telehealth services and how that affects medical services.
Furthermore, as Collin County continues to grow, the opportunity for the City of Anna to participate in a
regional transportation program seems likely, but with whom and at what point we’re able to participate
are much more nebulous. What also makes addressing this need complex is that there seem to be limited
ways to start small with providing this type of transit. Some options seek to serve all neighbors which is
not the priority for the program, and would not serve those in need of transportation to doctor’s
appointments very well. Access to medical appointments would be secondary to general public transit for
those. Most options also come with a hefty price tag that is difficult to expend without a pilot program or
better data establishing need.
A presentation of this material will be presented to the Neighbor Engagement and Inclusion Advisory
Commission at their February meeting for their input and recommendations to the City Council in this
regard.
c: Taylor Lough, Assistant City Manager
Greg Peters, Assistant City Manager
Carrie Land, City Secretary
Management Team
AGENDA
City Council Work Session
Tuesday, August 26, 2025 @ 5:30 PM
Anna Municipal Complex - Council Chambers
120 W. 7th Street, Anna, Texas 75409
The City Council of the City of Anna will meet in a Closed Session on Tuesday, August 26, 2025
at 5:30 PM, in the Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street,
to consider the following items.
1. Call to Order, Roll Call, and Establishment of Quorum.
2. Closed Session (Exceptions).
Under Tex. Gov't Code Chapter 551, the City Council may enter into Closed Session to
discuss any items listed or referenced on this Agenda under the following exceptions:
a. Consult with legal counsel regarding pending or contemplated litigation and/or
on matters in which the duty of the attorney to the governmental body under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code
551.071). Texas Fifteenth Court of Appeals Number: 15-25-00086-CV - case
style: 2020 Long Tail Trail Investments, LLC, et al. v. State of Texas, Attorney
General Kenneth Paxton (in his official capacity), et. al; Emergency Service
District; municipal facilities; public information requests; potential litigation;
municipal ordinances and regulations.
b. Discuss or deliberate the purchase, exchange, lease, or value of real property
Tex. Gov’t Code §551.072).
c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or
deliberate regarding commercial or financial information that the City has
received from a business prospect that the City seeks to have locate, stay, or
expand in or near the territory of the City of Anna and with which the City is
conducting economic development negotiations; or (2) To deliberate the offer of
a financial or other incentive to a business prospect described by subdivision
1). (Tex. Gov’t Code §551.087).
d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074).
The Council further reserves the right to enter into Executive Session at any time
throughout any duly noticed meeting under any applicable exception to the Open
Meetings Act.
3. Consider/Discuss/Action on any items listed on any agenda - work session, regular
meeting, or closed session - that is duly posted by the City of Anna for any City Council
meeting occurring on the same date as the meeting noticed in this agenda.
4. Adjourn.
This is to certify that I, Carrie L. Land, City Secretary, posted this Agenda on the City’s Website
www.annatexas.gov) and at the Anna Municipal Complex bulletin board at or before 5:00 p.m.
on 08/22/2025.
Carrie L. Land, City Secretary
1. The Council may vote and/or act upon each of the items listed on this Agenda.
2. The Council reserves the right to retire into executive session concerning any of the items listed on this Agenda,
whenever it is considered necessary and legally justified under the Open Meetings Act.
3. In accordance with the Americans with Disabilities Act, it is the policy of the City of Anna to offer its public programs,
services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you
are a person with a disability and require information or materials in an appropriate alternative format, or if you
require any other accommodation, please contact the ADA Coordinator at least 48 working hours in advance of the
event by emailing adacompliance@annatexas.gov. Advance notification within this guideline will enable the City to
make reasonable arrangements to ensure accessibility.
AGENDA
City Council Meeting
Tuesday, August 26, 2025 @ 6:00 PM
Anna Municipal Complex - Council Chambers
120 W. 7th Street, Anna, Texas 75409
The City Council of the City of Anna will meet on Tuesday, August 26, 2025 at 6:00 PM, in the
Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street, to consider the
following items.
Welcome to the City Council meeting. If you wish to speak on an Open Session agenda
item, please fill out the Opinion/Speaker Registration Form and turn it in to the City
Secretary before the meeting starts.
1. Call to Order, Roll Call, and Establishment of Quorum.
2. Invocation and Pledge of Allegiance.
3. Neighbor Comments.
At this time, any person may address the City Council regarding an item on this meeting
Agenda that is not scheduled for public hearing. Also, at this time, any person may address
the City Council regarding an item that is not on this meeting Agenda. Each person will be
allowed up to three (3) minutes to speak. No discussion or action may be taken at this
meeting on items not listed on this Agenda, other than to make statements of specific
information in response to a citizen's inquiry or to recite existing policy in response to the
inquiry.
4. Reports.
Receive reports from Staff or the City Council about items of community interest.
Items of community interest include: expression of thanks, congratulations, or condolence;
information regarding holiday schedules; an honorary or salutary recognition of a public
official, public employee, or other citizen (but not including a change in status of a person's
public office or public employment); a reminder about an upcoming event organized or
sponsored by the governing body; information regarding a social, ceremonial, or community
event organized or sponsored by an entity other than the governing body that was attended
or is scheduled to be attended by a member of the governing body or an official or
employee of the municipality; and announcements involving an imminent threat to the public
health and safety of people in the municipality that has arisen after the posting of the
Agenda.
5. Work Session.
a. Discuss Framework for Developing an Anna Historic District (Acting City
Manager Marc Marchand).
b. Discuss Transportation for Seniors and the Disabled (Acting City Manager Marc
Marchand)
6. Consent Items.
These items consist of non-controversial or "housekeeping" items required by law.
Items may be considered individually by any Council Member making such request prior to
a motion and vote on the Consent Items.
a. Approve City Council Meeting Minutes for August 12, 2025. (City Secretary
Carrie Land)
b. Review Minutes of the July 7, 2025, Special Called Joint Community
Development Corporation and Economic Development Corporation Board
Meeting. (Director of Economic Development Joey Grisham)
c. Review Minutes of the July 10, 2025, Joint Community Development
Corporation and Economic Development Corporation Board Meeting. (Director
of Economic Development Joey Grisham)
d. Review Minutes of the July 21, 2025, Parks and Recreation Advisory Board
Meetings. (Acting Director of Neighborhood Services Jeff Freeth)
e. Review Monthly Financial Report for the Month Ending July 31, 2025. (Budget
Manager Terri Doby)
f. Approve an Ordinance of the Council of the City of Anna, Texas, approving a
negotiated settlement between the Atmos Cities Steering Committee (ACSC)
and Atmos Energy Corp. Mid-Tex Division regarding the Company's 2025 rate
review mechanism filing (Director of Engineering Joseph Cotton).
g. Approve a Resolution approving a negotiated settlement agreement between
Atmos cities steering committee ACSC and Atmos Energy Corp.. Mid-Tex
Division regarding the company's 2025 rate review mechanism filing (Director of
Engineering Joseph Cotton).
h. Approve a Resolution regarding a waiver of the Subdivision Regulations for
Willoughby Three Creeks Ranch Estates, Block A, Lots 1-10, Replat (RP 25-
0006) (Planning Manager Lauren Mecke)
i. Approve an Ordinance authorizing the Issuance of the "City of Anna, Texas,
Special Assessment Revenue Bonds, Series 2025 (Sherley Tract Public
Improvement District No. 2 Improvement Area #1 Project)"; approving,
authorizing and ratifying an Amended and Restated Indenture of Trust, a Bond
Purchase Agreement, a Preliminary Official Statement, a Continuing Disclosure
Agreement and other agreements and documents in connection therewith;
making findings with respect to the issuance of such Bonds; and providing an
effective date. (Director of Economic Development Joey Grisham)
j. Approve an Ordinance of the City Council of the City of Anna, Texas approving
an Amended and Restated Service and Assessment Plan, including a revised
Assessment Roll, for Improvement Area #1 of the Sherley Tract Public
Improvement District No. 2 in accordance with Chapter 372, Texas Local
Government Code, as amended; and providing an effective date. (Director of
Economic Development Joey Grisham)
7. Items For Individual Consideration and Public Hearings.
At the time and place of any public hearing held during this meeting, all persons who desire
will have an opportunity to be heard in opposition to or in favor of the ordinance, application,
or other proposed item.
a. Consider/Discuss/Action a Resolution authorizing the Acting City Manager to
approve a contract from Child's Play, Inc. for the construction of a new
playground and associated work at Slayter Creek Park (Park Planning and
Development Manager Dalan Walker).
b. Consider/Discuss/Action a Resolution authorizing the Acting City Manager to
approve a Professional Services Project Order for management of civil
engineering and landscape architecture services related to multiple projects at
Slayter Creek Park by Project Advocates (Park Planning and Development
Manager Dalan Walker).
c. Conduct a Public Hearing/Consider/Discuss/Action on an Ordinance regarding
a request to amend an existing Planned Development for the Coyote Meadows
neighborhood. (PD 25-0005)(Planning Manager Lauren Mecke)
d. Consider/Discuss/Action on a Call for a Public Hearing to amend the Zoning
Ordinance. (Planning Manager Lauren Mecke)
e. Consider/Discuss/Action to enter into an Agreement with HUITT ZOLLARS in
an amount not to exceed $1,172,900 to provide Engineering design services for
the expansion of Rosamond Parkway in the City of Anna, Texas. (CIP Manager
Muhamad Madhat).
f. First Reading of a Resolution approving a project of the Anna Community
Development Corporation authorizing an expenditure not to exceed $250,000
from the Anna Community Development Corporation to the Anna Economic
Development Corporation for certain projects. (Director of Economic
Development Joey Grisham)
g. Second Reading of a Resolution approving a project of the Anna Community
Development Corporation authorizing an expenditure not to exceed $250,000
from the Anna Community Development Corporation to the Anna Economic
Development Corporation for certain projects. (Director of Economic
Development Joey Grisham)
h. Consider/Discuss/Action a Resolution approving a project of the Anna
Community Development Corporation authorizing an expenditure not to exceed
250,000 from the Anna Community Development Corporation to the Anna
Economic Development Corporation for certain projects. (Director of Economic
Development Joey Grisham)
i. First Reading of a Resolution approving a project of the Anna Community
Development Corporation authorizing an expenditure not to exceed $75,000 in
support of the City of Anna's application of the Texas Community Development
Block Grant - Community Development Fund Program. (Director of Economic
Development Joey Grisham)
j. Second Reading of a Resolution approving a project of the Anna Community
Development Corporation authorizing an expenditure not to exceed $75,000 in
support of the City of Anna's application of the Texas Community Development
Block Grant - Community Development Fund Program. (Director of Economic
Development Joey Grisham)
k. Consider/Discuss/Action a Resolution approving a project of the Anna
Community Development Corporation authorizing an expenditure not to exceed
75,000 in support of the City of Anna's application of the Texas Community
Development Block Grant - Community Development Fund Program. (Director
of Economic Development Joey Grisham)
l. First Reading of a Resolution approving a project of the Anna Community
Development Corporation authorizing an expenditure not to exceed $100,000
for the demolition of structures which are located on the downtown CDC-owned
properties. (Director of Economic Development Joey Grisham)
m. Second Reading of a Resolution approving a project of the Anna Community
Development Corporation authorizing an expenditure not to exceed $100,000
for the demolition of structures which are located on the downtown CDC-owned
properties. (Director of Economic Development Joey Grisham)
n. Consider/Discuss/Action a Resolution approving a project of the Anna
Community Development Corporation authorizing an expenditure not to exceed
100,000 for the demolition of structures which are located on the downtown
CDC-owned properties. (Director of Economic Development Joey Grisham)
o. Consider/Discuss/Action on a Resolution creating a policy for interviewing and
appointing board members. (City Secretary Carrie Land)
p. Consider/Discuss/Action on Boards and Commissions Council Liaison
Appointments. (City Secretary Carrie Land)
8. Future Agenda Items.
9. Closed Session (Exceptions).
Under Tex. Gov't Code Chapter 551, the City Council may enter into Closed Session to
discuss any items listed or referenced on this Agenda under the following exceptions:
a. Consult with legal counsel regarding pending or contemplated litigation and/or
on matters in which the duty of the attorney to the governmental body under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code
551.071). Texas Fifteenth Court of Appeals Number: 15-25-00086-CV - case
style: 2020 Long Tail Trail Investments, LLC, et al. v. State of Texas, Attorney
General Kenneth Paxton (in his official capacity), et. al; Emergency Service
District; municipal facilities; public information requests; potential litigation;
municipal ordinances and regulations.
b. Discuss or deliberate the purchase, exchange, lease, or value of real property
Tex. Gov’t Code §551.072).
c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or
deliberate regarding commercial or financial information that the City has
received from a business prospect that the City seeks to have locate, stay, or
expand in or near the territory of the City of Anna and with which the City is
conducting economic development negotiations; or (2) To deliberate the offer of
a financial or other incentive to a business prospect described by subdivision
1). (Tex. Gov’t Code §551.087).
d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074).
The Council further reserves the right to enter into Executive Session at any time
throughout any duly noticed meeting under any applicable exception to the Open
Meetings Act.
10. Consider/Discuss/Action on any items listed on any agenda - work session, regular
meeting, or closed session - that is duly posted by the City of Anna for any City Council
meeting occurring on the same date as the meeting noticed in this agenda.
11. Adjourn.
This is to certify that I, Carrie L Land, City Secretary, posted this Agenda on the City’s website
www.annatexas.gov) and at the Anna Municipal Complex bulletin board at or before 5:00 p.m.
on 08/22/2025.
Carrie L. Land, City Secretary
1. The Council may vote and/or act upon each of the items listed in this Agenda. Notwithstanding the foregoing
or any other statement in this Agenda, the Council shall not take action on any item until after providing an
opportunity for public testimony under the "Neighbor Comments" item or after any public hearing held under
applicable law.
2. The Council reserves the right to retire into closed executive session concerning any of the items listed on
this agenda, whenever it is considered necessary and legally justified under the Open Meeting Act.
3. In accordance with the Americans with Disabilities Act, it is the policy of the City of Anna to offer its public
programs, services, and meetings in a manner that is readily accessible to everyone, including individuals
with disabilities. If you are a person with a disability and require information or materials in an appropriate
alternative format, or if you require any other accommodation, please contact the ADA Coordinator at least
48 working hours in advance of the event by emailing adacompliance@annatexas.gov. Advance notification
within this guideline will enable the City to make reasonable arrangements to ensure accessibility.
Item No. 6.a.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Carrie Land
AGENDA ITEM:
Approve City Council Meeting Minutes for April 14, 2026. (City Secretary Carrie Land)
SUMMARY:
FINANCIAL IMPACT:
BACKGROUND:
STRATEGIC CONNECTIONS:
ATTACHMENTS:
1. 04-14-2026 Executive Session Minutes
2. 04-14-2026 Regular Meeting Minutes
City Council Executive Session
Meeting Minutes
Tuesday, April 14, 2026 @ 5:30 PM
Anna Municipal Complex - Council Chambers
120 W. 7th Street, Anna, Texas 75409
The City Council of the City of Anna met in an Executive Session on Tuesday, April 14, 2026, at
5:30 PM, in the Anna Municipal Complex – Council Chambers, located at 120 W. 7th Street, to
consider the following items.
1. Call to Order, Roll Call, and Establishment of Quorum.
Mayor Cain called the meeting to order at 5:30 PM.
Members Present:
Mayor Pete Cain
Mayor Pro Tem Kevin Toten
Deputy Mayor Pro Tem Stan Carver II
Council Member Nathan Bryan
Council Member Kelly Herndon
Council Member Elden Baker
Council Member Manny Singh
Members Absent:
None
2. Executive Session (Exceptions).
a. Consult with legal counsel regarding pending or contemplated litigation and/or on
matters in which the duty of the attorney to the governmental body under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code
§551.071). Development agreements.
b. Discuss or deliberate the purchase, exchange, lease, or value of real property
(Tex. Gov’t Code §551.072).
c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or
deliberate regarding commercial or financial information that the City has
received from a business prospect that the City seeks to have locate, stay, or
expand in or near the territory of the City of Anna and with which the City is
conducting economic development negotiations; or (2) To deliberate the offer of
a financial or other incentive to a business prospect described by subdivision (1).
(Tex. Gov’t Code §551.087).
d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City
Council
MOTION: Mayor Pro Tem Toten moved to enter closed session. Council Member
Baker seconded. Motion carried 7 - 0.
Mayor Cain recessed the meeting at 5:35 PM.
Mayor Cain reconvened the meeting at 6:00 PM.
3. Consider/Discuss/Action on any items listed on any agenda - executive session, regular
meeting, or closed session - that is duly posted by the City of Anna for any City Council
meeting occurring on the same date as the meeting noticed in this agenda.
No action taken.
4. Adjourn.
Mayor Cain adjourned the meeting at 6:00 PM.
APPROVED this 28th day of April 2026.
____________________________________
Mayor Pete Cain
ATTEST:
_______________________________
City Secretary Carrie L. Land
Regular City Council Meeting
Minutes
Tuesday, April 14, 2026 @ 6:00 PM
Anna Municipal Complex - Council Chambers
120 W. 7th Street, Anna, Texas 75409
The City Council of the City of Anna met on Tuesday, April 14, 2026, at 6:00 PM, in the Anna
Municipal Complex – Council Chambers, located at 120 W. 7th Street, to consider the following
items.
1. Call to Order, Roll Call, and Establishment of Quorum.
Mayor Cain called the meeting to order at 6:00 PM.
Members Present:
Mayor Pete Cain
Mayor Pro Tem Kevin Toten
Deputy Mayor Pro Tem Stan Carver II
Council Member Nathan Bryan
Council Member Kelly Herndon
Council Member Elden Baker
Council Member Manny Singh
Members Absent:
None
2. Invocation and Pledge of Allegiance.
Deputy Mayor Pro Tem Carver led the Invocation and Pledge of Allegiance.
3. Neighbor Comments.
Council Member Herndon announced upcoming City events.
4. Presentations.
a. Proclamation recognizing Police Chief Dean Habel.
b. Proclamation recognizing Board and Commission Members.
c. Proclamation recognizing National Volunteer Week, April 19 through 25.
d. Proclamation recognizing Anna ISD Multicultural Night on April 17, 2026.
5. Work Session.
a. Senior Advisory Committee.
Council discussed the creation of a Senior Advisory Committee and requested
to have it placed on the Agenda for the first meeting in June.
6. Consent Items.
MOTION: Council Member Herndon moved to approve Consent Items 6a and
6b.. Council Member Place 5 Baker seconded. Motion carried 7 - 0.
a. Approve City Council Meeting Minutes for March 24, 2026. (City Secretary Carrie
Land)
b. Approve and authorize the Fire Chief and/or other Fire Department employee(s)
designated by the Fire Chief, to execute on behalf of the City of Anna, Texas, the
Collin County External Law Enforcement and Fire Department Remote
Connectivity Policy and Agreement Form only to the extent that such execution(s)
of said Form shall not in any way result in individual liability upon any City of Anna
employee. (Fire Chief Ray Isom)
7. Items For Individual Consideration and Public Hearings.
a. Consider/Discuss/Action on a Resolution approving the Development Agreement
for Thompson Grove. (DA 25-0003) (Director of Development Service Kaleb
Kentner)
Due to the previous direction from City Council regarding the City's PID Policy,
staff is unable to provide a recommendation of approval.
The Planning & Zoning Commission recommended approval of the development
without consideration of the Pre-Annexation Development Agreement, which
includes the request for PID funding, which is not within the Planning & Zoning
Commissions' considerations.
MOTION: Council Member Singh moved to deny. Council Member Herndon
seconded. Motion failed 3 - 4. Mayor Pro Tem Toten, Council Member Bryan,
Deputy Mayor Pro Tem Carver, and Council Member Baker opposed.
MOTION: Council Member Singh moved to table the item until the May 12th
meeting at 6:00 p.m. in the Council Chambers at 120 W. 7th St, Anna, Texas
75409. Deputy Mayor Pro Tem Carver seconded. Motion carried 6 - 1. Mayor
Pro Tem Toten opposed.
b. Conduct a Public Hearing/Consider/Discuss/Action on an Ordinance regarding
disannexation of a 12.472 acre tract zoned Single-Family Residential - Large Lot
(SF-E) and a 21.613 acre tract zoned Planned Development-Local Commercial
(PD/C-1). (ANX 26-0004) (Director of Development Services Kaleb Kentner)
The applicant requested to disannex a 12.472 acre tract ("Tract 1") and a 21.613
acre tract ("Tract 2") from the city's limits.
Staff was unable to recommend approval of disannexation.
Mayor Cain opened the public hearing at 7:55 PM.
Michael Nevil, the applicant, spoke on his request to disannex.
Mayor Cain closed the public hearing at 8:07 PM.
MOTION: Council Member Herndon moved to table the item until the June 23rd
meeting at 6:00 p.m. in the Council Chambers at 120 W. 7th St., Anna, Texas
75409. Council Member Baker seconded. Motion carried 7 - 0.
c. Consider/Discuss/Action on a Resolution approving the implementation of the
Blue Star Flag program. (City Secretary Carrie Land)
The City of Anna’s Blue Star Flag Program would be an on-going program
dedicated to honoring the families of military service personnel who are serving
our Country. The Program allows the City Council to honor the family members
at a Council meeting at which time a Blue Star Flag and Certificate-of-
Appreciation are presented to the family members.
The Blue Star Flag, whose history dates back to World War I, is displayed in the
family’s window when a loved one is currently serving in the Armed Forces.
Blue Star Flags would be presented at the first City Council meeting each month.
Each family receives a Blue Star Flag and a Certificate-of-Appreciation. During
the presentation, family members are provided the opportunity to speak with
many choosing to send messages to their loved ones. Many of the troops have
access to the internet and can view the presentation on the city’s website.
The costs of the Program are minimal since the Blue Star Flags can be ordered
in large quantities, resulting in a cost of less than $20 per flag and certificate.
The Blue Star Flag Program allows the City of Anna the opportunity to honor the
family members of our Armed Forces who are left behind when their loved ones
are deployed. The Blue Star Flag symbolizes the sacrifice of both the family and
the soldier, helping to remind those that pass by their homes of their service to
the United States of America. Overall, the Program will help enrich the pride of
these individuals in the Anna community.
Although there is no way to measure the impact on the Anna community from
this Program, it is hoped that the families touched by the Program have sensed
the heartfelt pride of the Anna City Council, staff and neighbors in the
commitment and sacrifice they have made for our country.
MOTION: Council Member Baker moved to approve the implementation of the
Blue Star Flag Program and add the Gold Star program. Mayor Cain
seconded. Motion carried 7 - 0.
A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING THE BLUE
STAR FLAG PROGRAM, RECOGNIZING NEIGHBOR’S FAMILIES DEPLOYED
IN THE ARMED FORCES.
8. Closed Session (Exceptions).
a. Consult with legal counsel regarding pending or contemplated litigation and/or on
matters in which the duty of the attorney to the governmental body under the
Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas
clearly conflicts with Chapter 551 of the Government Code (Tex. Gov’t Code
§551.071). Development agreements.
b. Discuss or deliberate the purchase, exchange, lease, or value of real property
(Tex. Gov’t Code §551.072).
c. Discuss or deliberate Economic Development Negotiations: (1) To discuss or
deliberate regarding commercial or financial information that the City has
received from a business prospect that the City seeks to have locate, stay, or
expand in or near the territory of the City of Anna and with which the City is
conducting economic development negotiations; or (2) To deliberate the offer of
a financial or other incentive to a business prospect described by subdivision (1).
(Tex. Gov’t Code §551.087).
d. Discuss or deliberate personnel matters (Tex. Gov’t Code §551.074). City
Council
MOTION: Council Member Herndon moved to enter closed session. Council
Member Baker seconded. Motion carried 7 - 0.
Mayor Cain recessed the meeting at 8:22 PM.
Mayor Cain reconvened the meeting at 9:04 PM.
9. Consider/Discuss/Action on any items listed on any agenda - executive session, regular
meeting, or closed session - that is duly posted by the City of Anna for any City Council
meeting occurring on the same date as the meeting noticed in this agenda.
No action taken.
10. Adjourn.
Mayor Cain adjourned the meeting at 9:04 PM.
APPROVED this 28th day of April 2026.
____________________________________
Mayor Pete Cain
ATTEST:
_______________________________
City Secretary Carrie L. Land
Item No. 6.b.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Review Minutes of the March 5, 2026, Joint Community Development Corporation and
Economic Development Corporation Board Meeting. (Interim Director of Economic
Development Natasha Roach)
SUMMARY:
The item is for Council to review meeting minutes from the March 5, 2026, CDC/EDC
Joint Board Meeting.
FINANCIAL IMPACT:
This item has no financial impact.
BACKGROUND:
The CDC/EDC Board met on March 5, 2026, for their monthly Joint Board Meeting.
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Excellent.
ATTACHMENTS:
1. March 5_2026 CDC EDC Joint Meeting Minutes (Signed)
Item No. 6.c.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Lauren Mecke
AGENDA ITEM:
Review Minutes of the March 2, 2026, Planning & Zoning Commission Meeting. (Senior
Planner Lauren Mecke)
SUMMARY:
The item is for Council to review metting minutes from the March 2, 2026, P&Z Meeting.
FINANCIAL IMPACT:
This item has no financial impact.
BACKGROUND:
The P&Z met on March 2, 2026, for their monthly meeting.
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Excellent.
ATTACHMENTS:
1. 03-02-2026 Minutes
MINUTES
Planning & Zoning Commission
Monday, March 2, 2026 @ 6:30 PM
Anna Municipal Complex - Council Chambers
120 W. 7th Street, Anna, Texas 75409
The Planning and Zoning Commission of the City of Anna held a meeting at 6:30 PM on March
2, 2026, at the Municipal Complex located at 120 W. 7th Street, to consider the following items.
1. Call to Order, Roll Call, and Establishment of Quorum.
The meeting was called to order at 6:32 PM.
Commissioners present: Jessica Walden, Staci Martin, Tom Longmire, Doug Hermann,
and Aquita DeJarnette with commissioner Gretchen Stewart arriving at 6:40 PM
Commissioners absent: Josh Vollmer
Staff present: Kaleb Kentner, Lauren Mecke, Everett Johnson, and Nancy Reynolds
2. Invocation and Pledge of Allegiance. By commissioner
Martin.
3. Neighbor Comments. There were no Neighbor Comments.
4. Director's Report.
Director Kaleb Kentner discussed with the commissioners the monthly report listing the
projects that are currently open. He also gave the commissioners an update on the
subdivision regulations.
5. Overall Location Map.
6. Consent Items.
a. Approve minutes of the February 2, 2026, Planning & Zoning Commission
Meeting
b. Approve Home Depot Anna, Block A, Lot 14, Site Plan (SP 26-0004)
c. Approve Rosamond Crossing Southeast Corner, Block A, Lot 6, Preliminary Site
Plan (PSP 26-0001)
d. Approve Standridge Retail Conveyance Plat (CVP 26-0001)
Commissioner Hermann made a motion to approve all Consent Items.
Commissioner Longmire seconded the motion.
The motion passed. The vote was unanimous in favor.
7. Items For Individual Consideration and Public Hearings.
At the time and place of any public hearing held during this meeting, all persons who desire
will have an opportunity to be heard in opposition to or in favor of the ordinance, application,
or other proposed item.
a. Conduct a Public Hearing/Consider/Discuss/Action on a recommendation for a
request to annex and amend an existing Planned Development (Ord. No. 1111-
2024-08) to incorporate an additional 10.8± acres of land located at the
southeast corner of County Road 290 and County Road 290/County Road 1101
(future Mantua Parkway) in accordance with the Church Tract Development
Agreement (Res. No. 2025-12-1873).
No action was taken on 7.a. because the posted sign and website had been
missed.
b. Discussion & Direction on Zipping Points.
Ms. Mecke shared the bullet points from a meeting with the Zipline company
about Zipping Points. She asked the commissioner for their input concerning
what regulations the city should have for these devices. Discussion ensued.
Commissioner Walden made a motion to call for a Public Hearing.
Commissioner DeJarnette seconded the motion.
The motion passed. The vote was unanimous in favor.
8. Future Agenda Items: No comments or items identified.
9. Adjourn.
Commissioner Walden made a motion to adjourn.
Commissioner Longmire seconded the motion.
Motion passed unanimously at 6:54 PM.
___________________________
Chairwoman Jessica Walden
ATTEST:
_______________________________
Lauren Mecke, Planning Manager
Item No. 6.d.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Natasha Roach
AGENDA ITEM:
Approve a Resolution authorizing the Anna Economic Development Corporation's
purchase of real property at 508 S Riggins Street. (Interim Director of Economic
Development Natasha Roach)
SUMMARY:
As part of the Economic Development Corporation's Strategic Plan initiatives, the EDC
has identified strategic properties that support long-term revitalization, economic growth,
and redevelopment opportunities within the downtown core. The property located at 508
S Riggins Street has been evaluated and determined to be a key asset in advancing
these objectives.
The proposed acquisition of 508 S Riggins Street aligns with the EDC's mission to
stimulate economic development, enhance property values, and encourage investment.
This property occupies a strategic location within the downtown district and presents a
unique opportunity to influence future land use in a manner consistent with community
goals.
FINANCIAL IMPACT:
The funds to purchase this property will come from the CDC's fund balance.
BACKGROUND:
At the April 2, 2026 CDC/EDC Joint Board Meeting, the Economic Development
Corporation Board of Directors approved the execution of a real estate sales contract
and closing on the purchase.
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Vibrant.
ATTACHMENTS:
1. Council Resolution - 508 S Riggins Street EDC Project Resolution
2. Exhibit A - PSA 508 Riggins
CITY OF ANNA, TEXAS
the Anna Economic Development Corporation (the “EDC”) adopted a
resolution on April 2, 2026 (the “Agreement”) authorizing the execution of a certain Real
Estate Sales Contract, a copy of which is attached hereto as Exhibit “A”; and
, the City Council of the City of Anna, Texas (the “City Council”) finds that the
purchase of the property that is the subject of the Agreement will promote new or
expanded business development and will benefit the Anna community; and
, the City Council desires to approve the EDC entering into the Agreement as
approved by the EDC;
Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Approval of EDC entering into a Real Estate Sales Contract
The City Council of the City of Anna, Texas hereby approves of the EDC entering into the
Agreement and taking all other actions necessary to close on the purchase of the property
that is the subject of the Agreement and ratifies all actions taken thus far to close on the
purchase of said property; provided, however, it be understood that that the City of Anna
is not a party to the Agreement.
PASSED AND APPROVED by the City Council of the City of Anna, Texas on this ___ the
day of May 2026.
ATTEST: APPROVED:
_____________________________ ____________________________
Carrie Land, City Secretary Pete Cain, Mayor
Real Estate Sales Contract Page 1 of 11
Real Estate Sales Contract
This Real Estate Sales Contract (this “Contract”) to buy and sell real property is between Seller and Buyer
as identified below and is effective on the date (“Effective Date”) being the date that the Title Company acknowledges
receipt of this Contract fully executed by Seller and Buyer. Buyer must deliver the Earnest Money to Title Company
before the Earnest Money Deadline provided in section A.1. for this Contract to become effective.
Seller: Jason McDonald
Address: P.O. Box 417
Van Alstyne, Texas 75495
Phone: (___) ___-____
Type of entity: a Texas Limited Liability Company
Buyer: Anna Economic Development Corporation
Address: 120 W. 7th Street
Anna, TX 75409-0776
c/o Natasha Roach
Phone: (___) ___-____
Type of entity: Texas Home-Rule Municipality
Property: A tract of land containing .344 acres situated in the Henry Brantley Survey, Abstract
N. 71 in the City of Anna, Collin County, Texas, described in a deed conveyed to
William B. Reno et. ux, Wilma Rutledge Reno, recorded in Volume 2584, Page 333,
Deed Records, Collin County, Texas, and more particularly described in Exhibit A,
attached hereto.
Title Company: Capital Title of Texas, LLC
Attn: Tim McWilliams
Address: 2713 Virginia Pkwy, Suite 100, McKinney, Texas 75071
Phone: (972) 542-1251
Email: tim@mcwilliams.law
Underwriter: Title Company’s choice.
Purchase Price $245, 000.00
Additional Consideration. None.
Earnest Money: $10,000
County for Performance: Collin County, Texas
A. Deadlines and Other Dates
If a deadline falls on a Saturday, Sunday, or national holiday, the deadline will be extended to the next day
that is not a Saturday, Sunday, or national holiday. A national holiday is a holiday designated by the federal
government. Time is of the essence.
1. Earnest Money Deadline: within three (3) days of the Effective Date.
2. Delivery of Title Commitment: ten (10) days after the Effective Date.
Real Estate Sales Contract Page 2 of 11
3. Delivery of legible copies of instruments referenced in the Title Commitment: ten (10) days after the
Effective Date.
4. Delivery of Title Objections: ten (10) days after the delivery of the Title Commitment, legible copies
of the instruments referenced in the Title Commitment, and the Survey.
5. Closing Date: a mutually agreeable date that is on or before: (1) the thirtieth (30th) day after the end
of the Feasibility Review Period if said period is not extended under A.8; or (2 ) the sixtieth (60th) day after the end
of the Feasibility Review Period if said period is extended under A.8. The Closing Date shall not be extended unless
extended under a mutually agreeable duly executed amendment to this Contract.
6. Delivery of Survey: twenty (20) days after the Effective Date.
7. Due Diligence Materials: within five (5) days of the Effective Date, Seller will deliver true, complete
and correct copies of any and all of the following types of documents that relate to all or any portion of the Property
and that are in Seller's possession or are obtainable by Seller through reasonable effort:
a. pending or proposed governmental matters including, without limitation, TxDot, county or
municipal notifications including without limitations any offers to purchase the Property or
any actions related in any manner to eminent domain having any effect on the Property and
any lis pendens, judgments, or abstracts of judgments concerning the Property;
b. existing Surveys;
c. existing final plats and/or preliminary plats as applicable; and
d. copies of all existing studies, plans, analyses, estimates, ordinances, resolutions, appraisals,
contracts, leases and other materials pertinent to the Property.
8. Feasibility Review Period: twenty (20) days after the Effective Date; provided, however, that Buyer
may extend this period for an additional thirty (30) days by depositing an additional $10,000.00 with the Title
Company and said amount shall be nonrefundable to Buyer but shall be applied to the Purchase Price at Closing.
B. Closing Documents
1. At closing, Seller will deliver the following items to the Title Company:
Special Warranty Deed, subject only to the Permitted Exceptions, in form attached hereto
as Exhibit C (the “Deed")
IRS Nonforeign Person Affidavit
Evidence of Seller’s authority to close this transaction
2. At closing, Buyer will deliver the following items to the Title Company:
Evidence of Buyer’s authority to consummate this transaction
The documents listed in this section B are collectively known as the “Closing Documents.”
Real Estate Sales Contract Page 3 of 11
C. Exhibits
The following exhibits are attached to and are a part of this Contract:
Exhibit A—Description of the Property
Exhibit B—Sellers Representations to Buyer
Exhibit C—Deed
D. Purchase and Sale of Property
Seller agrees to sell and convey the Property to Buyer, and Buyer agrees to buy and pay Seller for the Property
in accordance with the terms of this Contract. The promises made by Buyer and Seller stated in this Contract are the
consideration for the formation of this Contract.
E. Earnest Money
Buyer may direct Title Company to invest the Earnest Money in an interest-bearing account in a federally
insured financial institution by giving notice to Title Company and satisfying Title Company’s requirements for
investing the Earnest Money in an interest-bearing account. Any interest earned on the Earnest Money will be paid
to the party that becomes entitled to the Earnest Money. If Buyer fails to deposit the Earnest Money, in accordance
with A.1, with the Title Company, then Seller may, at Seller's option, terminate this Contract by delivering a written
termination notice to Buyer at any time until Buyer deposits the Earnest Money with the Title Company. Except for
the additional $10,000.00 paid to the Title Company to extend the Feasibility Review Period as outlined in section
A.8, the Earnest Money shall be fully refundable to Buyer through the end of the Feasibility Period as may be
extended under section A.8.
F. Title, Feasibility Review Period, and Survey
1. Title Advice. The following statutory notice is provided to Buyer on behalf of the real estate licensees,
if any, involved in this transaction: Buyer is advised that it should either have the abstract covering the Property
examined by an attorney of Buyer’s own selection or be furnished with or obtain a policy of title insurance.
2. Title Commitment; Title Policy. “Title Commitment” means a Commitment for Issuance of an Owner
Policy of Title Insurance by Title Company, as agent for Underwriter, stating the condition of title to the Property.
The “effective date” stated in the Title Commitment must be after the Effective Date of this Contract. “Title Policy”
means an Owner Policy of Title Insurance issued by Title Company, as agent for Underwriter, in conformity with the
last Title Commitment delivered to and approved by Buyer.
3. Feasibility Review Period. Buyer shall have twenty (20) days (the “Feasibility Review Period”) after
the Effective Date in which to conduct environmental testing, geotechnical borings and other studies of the Property
and, in connection therewith, Buyer and its agents and contractors shall have the right of entry onto the Property for
such purposes and Buyer agrees to indemnify Seller for Buyer's on-site related Property activities and all costs
associated with such entry and tests made on the Property; this indemnity shall survive closing or termination of thi s
Contract. If Buyer determines, in Buyer’s sole and absolute discretion, that the Property is not suitable for Buyer’s
intended use or purpose, Buyer shall have the right upon written notice to Seller within the Feasibility Review Period,
as may be extended under section A.8., to terminate this Contract in which event the Earnest Money, except for the
portion that was paid to extend the Feasibility Review Period under section A.8, shall be fully and completely
refunded to Buyer.
Real Estate Sales Contract Page 4 of 11
4. Intentionally deleted.
5. Delivery of Title Commitment and Legible Copies. Seller must deliver the Title Commitment to
Buyer by the deadline stated in section A.2. and legible copies of the instruments referenced in the Title Commitment
by the deadline stated in section A.3.
6. Title Objections. On or before the deadline set forth in section A.4., Buyer shall have reviewed the
Title Commitment and Survey and notify Title Company of its objections to any of them (“Title Objections”). If
Buyer notifies the title company of any Title Objections, Seller has five (5) days from receipt of the Title Objections
to notify Buyer whether and to what extent Seller agrees to cure the Title Objections before Closing (“Cure Notice”).
If Seller does not timely provide its Cure Notice or timely gives its Cure Notice but does not agree to cure all the
Title Objections at least seven (7) days before Closing, Buyer may notify Seller that either this Agreement is
terminated (in which case the Earnest Money shall be refunded to Buyer) or Buyer will proceed to close, subject to
such objections, which Buyer shall accept and to which Seller has no responsibility to cure.
7. Survey. Buyer, at Buyer's expense, will obtain a new survey of the Property and deliver a copy thereof
to Seller by the deadline specified in A6 above. The survey shall be a current on-the-ground survey of the Property
that substantially complies with the requirements of a Category 1A, Condition I or II (as applicable) survey in the
Manual of Practice for Land Surveying in the State of Texas promulgated by the Texas Board of Professional Land
Surveying and shall be adequate to enable the Title Company to delete the survey exception in the Title Policy (except
for “shortages in area”). Once the Survey has been completed, the legal description of the Property shown therein
shall be substituted for the legal description in Exhibit A and shall serve as the legal description of the Property in
the Deed.
G. Condition of the Property until Closing; Cooperation; No Recording of Contract; Lease
1. Maintenance and Operation. Until closing, Seller will (a) maintain the Property as it existed on the
Effective Date, except for reasonable wear and tear and casualty damage; (b) operate the Property in the same manner
as it was operated on the Effective Date; and (c) not further encumber the Property with liens, easements, restrictions
or any other matter affecting title to the Property, or modify the terms of any existing leases, contracts or
encumbrances, if any, without Buyer’s prior written consent, except that Seller shall terminate any leases without
Buyer’s consent.
2. Casualty Damage. Seller will notify Buyer promptly after discovery of any casualty damage to the
Property. Seller will have no obligation to repair or replace the Property if it is damaged by casualty before closing.
Buyer may terminate this Contract if the casualty damage that occurs before closing would materially affect Buyer’s
intended use of the Property, by giving notice to Seller within fifteen days after receipt of Seller’s notice of the
casualty, in which event the Earnest Money shall be refunded to Buyer. If Buyer does not terminate this Contract,
Seller will (a) convey the Property to Buyer in its damaged condition, (b) assign to Buyer all of Seller’s rights under
any property insurance policies covering the Property, (c) pay to Buyer the amount of the deductibles and coinsurance
provisions under any insurance policies covering the Property, but not in excess of the cost to repair the casualty
damage and less any amounts previously paid by Seller to repair the Property; and (d) assign any claims that Seller
may have had against any third party with respect to compensation for any such casualty damage . If Seller has not
insured the Property and Buyer does not elect to terminate this Contract in accordance with this section, the Purchase
Price will be reduced by the cost to repair the casualty damage.
3. Condemnation. Seller will notify Buyer promptly after Seller receives notice that any part of the
Property has been or is threatened to be condemned or otherwise taken by a governmental or quasi -governmental
authority. Buyer may terminate this Contract if the condemnation would materially affect Buyer’s intended use of
the Property by giving notice to Seller within fifteen days after receipt of Seller’s notice to Buyer (or before closing
if Seller’s notice is received less than fifteen days before closing), in which event the Earnest Money shall be refunded
Real Estate Sales Contract Page 5 of 11
to the Buyer. If Buyer does not terminate this Contract, (a) Buyer and Seller will each have the right to appear and
defend their respective interests in the Property in the condemnation proceedings, (b) any award in condemnation
will be assigned to Buyer, and (c) if the taking occurs before closing, the description of the Property will be revised
to delete the portion taken.
4. Claims; Hearings. Seller will notify Buyer promptly of any litigation or any claim or administrative
hearing that is threatened, filed, or initiated before closing that affects the Property.
5. Lease. Seller shall fully terminate any lease(s) of all or any portion of the Property and any and all tenants
shall be required to vacate the Property prior to closing.
H. Closing
1. Closing. This transaction will close at Title Company’s offices on the Closing Date. At closing, the
following will occur:
a. Closing Documents. The parties will execute and deliver the Closing Documents.
b. Payment of Purchase Price. Buyer will deliver the Purchase Price and other amounts or
documents that Buyer is obligated to pay or execute under this Contract to or by Title
Company in funds or documents acceptable to Title Company and Seller. The Earnest
Money will be applied to the Purchase Price.
c. Disbursement of Funds; Recording; Copies. Title Company will be instructed to disburse
the Purchase Price and other funds in accordance with this Contract, record the deed and any
other Closing Documents necessary to be recorded, and distribute copies of the Closing
Documents to each party.
d. Possession. Unless otherwise agreed, Seller will deliver possession of the Property to Buyer,
subject to the Permitted Exceptions existing at closing.
2. Transaction Costs
a. Seller’s Costs. Seller will pay for the costs to obtain, deliver, and record releases of all liens
to be released at closing; the costs to record all documents to cure Title Objections agreed to
be cured by Seller, and certificates or reports of ad valorem taxes; the costs to deliver copies
of the instruments described in section A.4.; and Seller’s expenses and attorney’s fees.
b. Buyer’s Costs. Buyer will pay the cost for the basic charge for the Title Policy; the cost to
prepare the deed; the cost for the new survey; the escrow fee charged by Title Company; the
costs to obtain, deliver, and record all documents other than those to be recorded at Seller’s
expense; the additional premium for the “survey/area and boundary deletion” in the Title
Policy, if the deletion is requested by Buyer; the costs of work required by Buyer to have the
survey reflect matters other than those required under this Contract; and Buyer’s expenses
and attorney’s fees.
c. Ad Valorem Taxes. As permitted under IRC 501c3 regulations for Buyer, ad valorem taxes
for the Property for the calendar year of closing will be prorated between Buyer and Seller
as of the Closing Date. Seller’s portion of the prorated taxes will be paid to Buyer at closing
as an adjustment to the Purchase Price. If the assessment for the calendar year of closing is
not known at the Closing Date, the proration will be based on taxes for the previous tax year,
Real Estate Sales Contract Page 6 of 11
and Buyer and Seller will adjust the prorations in cash within thirty days of when the actual
assessment and taxes are known. Seller will promptly notify Buyer of all notices of proposed
or final tax valuations and assessments that Seller receives after the Effective Date and after
closing. All taxes due as of closing will be paid at closing. The parties’ obligations under
this paragraph shall survive the Closing.
d. Brokers’ Commissions and Disclosure. Buyer and Seller each represents and promises to the
other that they have had no contact with any real estate broker, finder or other person who
might be entitled, or claim to be entitled, to a brokerage commission, finder’s fee or other
compensation in connection with this transaction. Buyer and Sel ler each hereby indemnify
and agree to defend and hold the other party harmless from and against any and all claims,
demands, liabilities, causes of action, costs or expenses (including reasonable attorneys’
fees) caused by or arising out of any breach of its foregoing promise. The provisions of this
paragraph shall survive the Closing or termination of this Contract and shall not be subject
to any limitation of liability otherwise set forth in this Contract.
3. Issuance of Title Policy. Seller will cause Title Company to issue the Title Policy to Buyer as soon
as practicable after closing.
I. Default and Remedies
1. Seller’s Default. If Seller fails to perform any of its obligations under this Contract (“Seller’s
Default”), Buyer’s sole and exclusive remedy is to either (i) enforce specific performance of Seller’s obligations
under this Contract, or (ii) terminate this Contract by written notice to Seller in which event the Earnest Money shall
be delivered to Buyer. If title to the Property is awarded to Buyer, the conveyance will be subject to the Permitted
Exceptions.
2. Buyer’s Default. If Buyer fails to perform any of its obligations under this Contract (“Buyer’s
Default”), Seller, as its sole and exclusive remedy, shall have the right to terminate this Contract by giving notice to
Buyer on or before the Closing Date and have the Earnest Money paid to Seller as liquidated damages (and not as a
penalty). Seller waives any remedy for damages.
3. Liquidated Damages. The parties agree that just compensation for the harm that would be caused by
a default by either party cannot be accurately estimated or would be very difficult to accurately estimate and that the
Earnest Money and the amounts provided above are reasonable forecasts of just compensation to the nondefaulting
party for the harm that would be caused by a default.
J. Miscellaneous Provisions
1. Notices. Any notice required by or permitted under this Contract must be in writing and will be
deemed to be delivered (whether actually received or not) when deposited with the United States Postal Service,
postage prepaid, certified mail, return receipt requested, and addressed to the intended recipient at the address shown
in this Contract. Any address for notice may be changed by written notice delivered as provided herein. Copies of
each notice shall be addressed as follows:
If to Buyer:
Anna Economic Development Corporation
Attn: Natasha Roach
120 W. 7th Street
Anna, TX 75409-0776
Real Estate Sales Contract Page 7 of 11
With a copy to:
Clark McCoy
Wolfe, Tidwell & McCoy, LLP
2591 Dallas Parkway, Suite 300
Frisco, Texas 75034
If to Seller:
Jason McDonald
P.O. Box 417
Van Alstyne, Texas 75495
2. Entire Contract. This Contract, together with its exhibits, and any Closing Documents delivered at
closing constitute the entire agreement of the parties concerning the sale of the Property by Seller to Buyer. There are
no oral representations, warranties, agreements, or promises pertaining to the sale of the Property by Seller to Buyer
not incorporated in writing in this Contract.
3. Amendment. This Contract may be amended only by an instrument in writing signed by the parties.
4. Assignment. This Contract will inure to the benefit of and be binding on the parties and their
respective successors and assigns. This Contract is fully assignable by Buyer provided: (a) such assignment must be
in writing and signed by Buyer and its assignee, (b) Buyer must send a copy of any assignment to Seller at least seven
(7) days prior to closing, and (c) such assignment shall not release Buyer from its obligations and liabilities under
this Contract. Upon compliance with the foregoing, the assignee(s) shall be entitled to enforce this Contract as against
Seller, including but not limited to, the remedy of specific performance.
5. Survival. The obligations of this Contract that cannot be performed before termination of this
Contract or before closing will survive termination of this Contract or closing, and the legal doctrine of merger will
not apply to these matters. If there is any conflict between the Closing Documents and this Contract, the Closing
Documents will control.
6. Choice of Law; Venue; Alternative Dispute Resolution. This Contract will be construed under the
laws of the state of Texas, without regard to choice-of-law rules of any jurisdiction. Venue is in Collin County, Texas.
Time permitting, the parties will submit in good faith to an alternative dispute resolution process before filing a suit
concerning this Contract.
7. Waiver of Default. It is not a waiver of default if the nondefaulting party fails to declare immediately
a default or delays taking any action with respect to the default.
8. No Third-Party Beneficiaries. There are no third-party beneficiaries of this Contract.
9. Severability. The provisions of this Contract are severable. If a court of competent jurisdiction finds
that any provision of this Contract is unenforceable, the remaining provisions will remain in effect without the
unenforceable parts.
10. Ambiguities Not to Be Construed against Party Who Drafted Contract. The rule of construction that
ambiguities in a document will be construed against the party who drafted it will not be applied in interpreting this
Contract.
Real Estate Sales Contract Page 8 of 11
11. No Special Relationship. The parties’ relationship is an ordinary commercial relationship, and they
do not intend to create the relationship of principal and agent, partnership, joint venture, or any other special
relationship.
12. Counterparts. If this Contract is executed in multiple counterparts, all counterparts taken together
will constitute this Contract.
13. Confidentiality. The parties will keep confidential this Contract, this transaction, and all information
learned in the course of this transaction, except to the extent disclosure is required by law or court order or to enable
third parties to advise or assist Buyer to investigate the Property or either party to close this transaction.
14. Additional Matters.
i. ) Seller agrees to cooperate with Buyer if, during the Feasibility Review Period, Buyer or the City
of Anna requires the Property to be preliminarily platted; provided, all costs of such plat shall be
borne by Buyer.
ii. ) To the best of Seller's current knowledge, but WITHOUT WARRANTY, water, sanitary sewer
(i.e., septic system) and electric power line are available at the Property (excluding storm sewer).
iii. ) Buyer will secure at its own expense any necessary use permits, platting and signage
requirements and Seller agrees to cooperate as necessary to accomplish such.
15. Termination. If this Contract is terminated for any reason, the parties will have no further rights or
obligations under this Contract, except that: (1) Buyer shall pay the costs to repair any damage to the Property caused
by Buyer or Buyer's agents; (2) Buyer shall return to Seller any reports or documents delivered to Buyer by Seller;
and (3) each party shall perform any other obligations that, by the explicit provisions of this Contract, expressly
survive the termination of this Contract. The obligations of this Section 15 will survive the termination of this
Contract.
16. Attorneys' Fees. The prevailing party in any proceeding brought to enforce this Contract, or brought
relating to the transaction contemplated by this Contract, will be entitled to recover, from the non-prevailing party,
court costs, reasonable attorneys' fees and all other reasonable related expenses.
17. Exchange. Seller and Buyer shall cooperate with each other in connection with any tax deferred
exchange that either party may be initiating or completing in connection with Section 1031 or 1033 of the Internal
Revenue Code, so long as neither party will be required to pay any expenses related to the other party's exchange and
the closing is not delayed. Notwithstanding any other provision that may prohibit the assignment of this Contract,
either party may assign this Contract to a qualified intermediary or exchange accommodation title holder, if the
assignment is required in connection with the exchange. The parties agree to cooperate with each other, and sign any
reasonable documentation that may be required, to effectuate any such exchange.
18. Contract as Offer. The execution of this Contract by the first party to do so constitutes an offer to
purchase or sell the Property. If the other party does not accept that offer by signing this Contract and delivering a
fully executed copy to the first party within ten (10) days after the date this Contract is executed by the first party,
then the first party may withdraw that offer by delivering a written notice to the other party at any time before the
other party accepts that offer, in which case the Earnest Money, if any, will be returned to Buyer.
Real Estate Sales Contract Page 9 of 11
SELLER:
___________________________________________
Jason McDonald
Date: __________________
Real Estate Sales Contract Page 10 of 11
BUYER:
Anna Economic Development Corporation
By: ___________________________________________
Printed Name: Bruce Norwood
Title: President
Real Estate Sales Contract Page 11 of 11
Title Company Receipt
Title Company acknowledges receipt of Earnest Money in the amount of $10,000.00 and a copy of this
Contract executed by both Buyer and Seller.
CAPITAL TITLE OF TEXAS, LLC
By:
Tim McWilliams,
its Escrow Officer
Date:
EXHIBIT A
EXHIBIT A
Description of the Property
EXHIBIT B
Seller’s Representations to Buyer
Seller represents to Buyer (to Seller’s actual knowledge, without duty of investigation) that the
following are true and correct as of the Effective Date and will be true and correct on the Closing Date.
1. Authority. Seller is an individual with authority to convey the Property to Buyer. This
Contract is, and all documents required by this Contract to be executed and delivered to Buyer at closing
will be, duly authorized, executed, and delivered by Seller.
2. Litigation. There is no litigation pending or threatened against Seller that might affect the
Property or Seller’s ability to perform its obligations under this Contract except: NONE
3. Violation of Laws. Seller has not received notice of violation of any law, ordinance,
regulation, or requirements affecting the Property or Seller’s use of the Property, except: NONE
4. Lease. Seller promises to fully terminate any lease(s) and any and all tenants shall be
required to vacate the Property prior to closing.
5. Condemnation; Zoning; Land Use; Hazardous Materials. Seller has not received notice of
any condemnation, zoning, or land-use proceedings affecting the Property or any inquiries or notices by
any governmental authority or third party with respect to the presence of hazardous materials on the
Property or the migration of hazardous materials from the Property, except: NONE
6. No Other Obligation to Sell the Property or Restriction against Selling the Property.
Except for having granting a security interest in the Property (which security interest shall be released at
Closing) and the terms and conditions as stated therein, Seller has not obligated itself to sell the Property
to any party other than Buyer and Seller’s performance of this Contract will not cause a breach of any other
agreement or obligation to which Seller is a party or to which it is bound.
7. No Liens. On the Closing Date, the Property will be free and clear of all mechanic’s and
materialman’s liens and other liens and encumbrances of any nature except (a) the Permitted Exceptions
and (b) liens that will be paid from the proceeds of closing; no work or materials will have been furnished
to the Property that might give rise to mechanic’s, materialman’s, or other liens against the Property other
than work or materials to which Buyer has given its consent.
8. No Commitments. No commitments have been made by Seller to any governmental
authority, utility company, school board or church, or to any other religious body, or any other organization,
group or individual relating to any of the Property, which would impose an obligation upon Buyer or its
successors or assigns to make any contribution or dedication of money or land to construct, install or
maintain any improvements of a public or private nature on or off any of the Property.
[The remainder of this page is left blank intentionally.]
EXHIBIT C
Special Warranty Deed
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE
OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE
PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER.
Date: _____________, 2026
Grantor: Jason McDonald, an individual
Grantor’s Mailing Address: P.O. Box 417, Van Alstyne, Texas 75495
Grantee: Anna Economic Development Corporation– a Texas Type A development corporation
Grantee’s Mailing Address: 120 W. 7th Street 75409
Consideration: $10.00 and other good and valuable consideration in hand received and adequacy of which
is acknowledged
Property (including any improvements): The real property described on Exhibit A, attached hereto and
incorporated herein by reference
Exceptions to Conveyance and Warranty: The restrictions, easements, covenants, and other matters
described on Exhibit B, attached hereto and incorporated herein.
Grantor, for the Consideration and subject to Exceptions to Conveyance and Warranty, grants,
sells, and conveys to Grantee the Property, together with all and singular the rights and appurtenances
thereto in any way belonging, to have and to hold it to Grantee and Grantee’s heirs, successors, and
assigns forever. Grantor binds Grantor and Grantor’s heirs and successors to warrant and forever defend
all and singular the Property to Grantee and Grantee’s heirs, successors, and assigns against every person
whomsoever lawfully claiming or to claim the same or any part thereof, by, through, or under Grantor,
but not otherwise, except as to the Exceptions to Conveyance and Warranty.
Grantor:
____________________________________
Jason McDonald
STATE OF ______________________
COUNTY OF ____________________
This instrument was acknowledged before me on __________________, 2026, by Jason
McDonald
Notary Public, State of ________________
My commission expires:________________
(SEAL)
EXHIBIT A
EXHIBIT B
(Attach title exceptions)
Item No. 6.e.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Joseph Cotton
AGENDA ITEM:
Approve a Resolution determining the costs of certain Authorized Improvements to be
financed by the Sherley Tract Public Improvement District no. 2; approving a
Preliminary Service Plan and Assessment Plan (PSAP), including proposed
Assessment Rolls; calling a regular meeting and noticing a Public Hearing for May 26,
2026 to consider an Ordinance Levying Assessments on property located within
Improvement Area #2, Improvement Area #3, and Improvement Area #4 of said District;
directing the filing of the proposed Assessment Rolls with the City Secretary to make
available for public inspection; directing city staff to publish and mail notice of said
Public Hearing; and resolving other matters incident and related thereto. (Director of
Public Works Joseph Cotton)
SUMMARY:
Resolution determining the costs of certain Authorized Improvements to be financed by
the Sherley Tract Public Improvement District no. 2; approving a PSAP, including
proposed Assessment Rolls; calling a regular meeting and noticing a Public Hearing to
consider an Ordinance Levying Assessments on property located within IA #2, IA #3,
and IA #4 of said District; directing the filing of the proposed Assessment Rolls with the
City Secretary to make available for public inspection and mail notice of said Public
Hearing; and resolving other matters incident and related thereto.
FINANCIAL IMPACT:
No direct financial impact to the city.
BACKGROUND:
Shirley Tract has been in development in the Hurricane Creek development for a
number of years. The improvements in IA#2, IA #3, and IA #4 have been completed
recently and are prepared to initiate the bond sale for these improvements.
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Vibrant.
ATTACHMENTS:
1. Resolution Determining Costs v6 (Sherley Tract PID No. 2)
1
CERTIFICATE FOR RESOLUTION
THE STATE OF TEXAS
COLLIN COUNTY
CITY OF ANNA
We, the undersigned officers of the City of Anna, Texas (the “City”), hereby certify as follows:
1. The City Council (the “Council”) of the City convened in a regular meeting on
April 28, 2026, at the regular designated meeting place, and the roll was called of the duly
constituted officers and members of the Council, to wit:
Pete Cain, Mayor Kelly Patterson-Herndon
Kevin Toten, Mayor Pro-Tem Elden Baker
Stan Carver II, Deputy Mayor Pro-Tem Manny Singh
Nathan Bryan
Carrie L. Land, City Secretary
and all of said persons were present, except __________________________________________,
thus constituting a quorum. Whereupon, among other business the following was transacted at
said meeting: a written Resolution entitled
RESOLUTION DETERMINING THE COSTS OF CERTAIN
AUTHORIZED IMPROVEMENTS TO BE FINANCED BY THE SHERLEY
TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2; APPROVING A
PRELIMINARY SERVICE PLAN AND ASSESSMENT PLAN,
INCLUDING PROPOSED ASSESSMENT ROLLS; CALLING A
REGULAR MEETING AND NOTICING A PUBLIC HEARING FOR MAY
26, 2026 TO CONSIDER AN ORDINANCE LEVYING ASSESSMENTS ON
PROPERTY LOCATED WITHIN IMPROVEMENT AREA #2,
IMPROVEMENT AREA #3, AND IMPROVEMENT AREA #4 OF THE
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2;
DIRECTING THE FILING OF THE PROPOSED ASSESSMENT ROLLS
WITH THE CITY SECRETARY TO MAKE AVAILABLE FOR PUBLIC
INSPECTION; DIRECTING CITY STAFF TO PUBLISH AND MAIL
NOTICE OF SAID PUBLIC HEARING; AND RESOLVING OTHER
MATTERS INCIDENT AND RELATED THERETO.
was duly introduced for the consideration of the Council. It was then duly moved and seconded
that said Resolution be passed; and, after due discussion, said motion, carrying with it the passage
of said Resolution, prevailed and carried, with all members of the Council shown present above
voting “Aye,” except as noted below:
NAYS: ABSTENTIONS:
2
2. A true, full, and correct copy of the aforesaid Resolution passed at the meeting
described in the above and foregoing paragraph is attached to and follows this Certificate; said
Resolution has been duly recorded in the Council's minutes of said meeting; the above and
foregoing paragraph is a true, full, and correct excerpt from the Council's minutes of said meeting
pertaining to the passage of said Resolution; the persons named in the above and foregoing
paragraph are the duly chosen, qualified, and acting officers and members of the Council as
indicated therein; that each of the officers and members of the Council was duly and sufficiently
notified officially and personally, in advance, of the time, place, and purpose of the aforesaid
meeting, and that said Resolution would be introduced and considered for passage at said meeting,
and each of said officers and members consented, in advance, to the holding of said meeting for
such purpose; and that said meeting was open to the public, and public notice of the time, place,
and purpose of said meeting was given all as required by the Texas Government Code, Chapter
551.
3. The Council has approved and hereby approves the Resolution; and the Mayor and
City Secretary hereby declare that their signing of this Certificate shall constitute the signing of
the attached and following copy of said Resolution for all purposes.
SIGNED AND SEALED ON APRIL 28, 2026
Carrie L. Land, Cit Secretar Pete Cain, Ma o
(City Seal)
1
CITY OF ANNA, TEXAS
RESOLUTION NO. 2026-04-_____
A RESOLUTION DETERMINING THE COSTS OF CERTAIN
AUTHORIZED IMPROVEMENTS TO BE FINANCED BY THE SHERLEY
TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2; APPROVING A
PRELIMINARY SERVICE PLAN AND ASSESSMENT PLAN,
INCLUDING PROPOSED ASSESSMENT ROLLS; CALLING A
REGULAR MEETING AND NOTICING A PUBLIC HEARING FOR MAY
26, 2026 TO CONSIDER AN ORDINANCE LEVYING ASSESSMENTS ON
PROPERTY LOCATED WITHIN IMPROVEMENT AREA #2,
IMPROVEMENT AREA #3, AND IMPROVEMENT AREA #4 OF THE
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2;
DIRECTING THE FILING OF THE PROPOSED ASSESSMENT ROLLS
WITH THE CITY SECRETARY TO MAKE AVAILABLE FOR PUBLIC
INSPECTION; DIRECTING CITY STAFF TO PUBLISH AND MAIL
NOTICE OF SAID PUBLIC HEARING; AND RESOLVING OTHER
MATTERS INCIDENT AND RELATED THERETO.
RECITALS
WHEREAS, the Public Improvement District Assessment Act, Texas Local Government
Code, Chapter 372, as amended (the "Act") authorizes the governing body (the “City Council”) of
the City of Anna, Texas (the “City”) to create a public improvement district within the City; and
WHEREAS, on December 8, 2020, the City Council conducted a public hearing to
consider a petition received by the City on October 20, 2020 titled “Petition for the Creation of a
Public Improvement District within The Extraterritorial Jurisdiction of the City of Anna, Texas,
for the Sherley Tract Public Improvement District No. 2” requesting the creation of a public
improvement district; and
WHEREAS, on December 8, 2020, the City Council approved Resolution No. 2020-12-
839 (the “Authorization Resolution”), authorizing, establishing and creating the Sherley Tract
Public Improvement District No. 2 (the "District"); and
WHEREAS, the City authorized the creation of the District and the issuance of bonds for
the District to finance certain public improvements authorized by the Act for the benefit of the
property within the District (the "Authorized Improvements"); and
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WHEREAS, the City Council and the City staff have been presented a "Sherley Tract
Public Improvement District No. 2 Preliminary 2026 Amended and Restated Service and
Assessment Plan”, including proposed assessment rolls for Improvement Area #2, Improvement
Area #3, and Improvement Area #4 of the District attached thereto (the "Proposed Assessment
Rolls") (collectively, 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 certain Authorized
Improvements to be financed for Improvement Area #2, Improvement Area #3, and Improvement
Area #4 of the District and the Proposed Assessment Rolls state the assessments proposed to be
levied against each parcel of land within Improvement Area #2, Improvement Area #3, and
Improvement Area #4 of the District as determined by the method of assessment chosen by the
City; and
WHEREAS, the Act requires that the Proposed Assessment Rolls 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 proposed assessments and requires the City Council to hear and pass on any objections
to the proposed assessments at, or on the adjournment of, the Assessment Hearing; and
WHEREAS, the Act requires that notice of the Assessment Hearing be mailed to property
owners liable for assessment and published in a newspaper of general circulation in the City and
in the part of the extraterritorial jurisdiction in which the district is to be located or in which the
improvements are to be undertaken before the tenth (10th) day before the date of the Assessment
Hearing.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF ANNA, TEXAS AS FOLLOWS:
SECTION 1. THAT 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.
3
SECTION 2. THAT the City Council does hereby accept the Preliminary SAP for the
District, including the Proposed Assessment Rolls, a copy of which is attached hereto as Exhibit
A and is incorporated herein for all purposes. All capitalized terms not otherwise defined herein
shall have the meanings given to such terms in the Preliminary SAP.
SECTION 3. THAT the City Council hereby determines that the total costs of the
Improvement Area #2 Projects, Improvement Area #3 Projects, and Improvement Area #4 Projects
(each as defined in the Preliminary SAP) to be financed by the District are as set forth in Exhibit
B of the Preliminary SAP, which costs do include the payment of expenses incurred in the
administration of the District or related to the issuance of any bonds.
SECTION 4. THAT the City Council’s final determination and approval of the costs of
the Improvement Area #2 Projects, the Improvement Area #3 Projects, and the Improvement Area
#4 Projects or any portion thereof, shall be subject to and contingent upon City Council approval
of a final Service and Assessment Plan which will include final Assessment Rolls, after the
properly noticed and held Assessment Hearing.
SECTION 5. THAT the Proposed Assessment Rolls state the assessments proposed to be
levied against each parcel of land in Improvement Area #2, Improvement Area #3, and
Improvement Area #4 of the District as determined by the method of assessment chosen by the
City in the Authorization Resolution and as more fully described in the Preliminary SAP.
SECTION 6. THAT the City Council expressly defers the levy of assessments against
property within future phases for phase-specific improvements that will benefit only the property
within each subsequent phase until such time as the costs of such phase-specific improvements
can be determined with certainty as referenced in the Preliminary SAP.
SECTION 7. THAT the City Council hereby authorizes and directs the filing of the
Proposed Assessment Rolls with the City Secretary and the same shall be available for public
inspection.
SECTION 8. THAT the City Council hereby authorizes, and calls, a meeting and a public
hearing (the Assessment Hearing as defined above) to be held on May 26, 2026 at 6:00 p.m. at the
Anna Municipal Complex, Council Chambers, 120 W. 7th Street, Anna, Texas 75409, at which the
4
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 will consider
an ordinance levying the assessments as special assessments on property within Improvement Area
#2, Improvement Area #3, and Improvement Area #4 of the District (which ordinance shall specify
the method of payment of the assessments).
SECTION 9. THAT the City Council hereby authorizes and directs the City Secretary to
publish notice of the Assessment Hearing to be held on May 26, 2026, in substantially the form
attached hereto as Exhibit B and incorporated herein for all purposes; provided however, that the
location is subject to change as designated by the City, in a newspaper of general circulation in the
City, on or before May 15, 2026, which is before the tenth (10th) day before the date of the
Assessment Hearing, as required by Section 372.016(b) of the Act.
SECTION 10. THAT when the Proposed Assessment Rolls are filed with the City
Secretary, the City Council hereby authorizes and directs the City Secretary to mail to owners of
property liable for assessment notice of the Assessment Hearing to be held on May 26, 2026, on
or before May 15, 2026, as required by Section 372.016(c) of the Act.
SECTION 11. THAT City staff is authorized and directed to take such other actions as
are required (including, but not limited to, notice of the public hearing as required by the Texas
Open Meetings Act) to place the public hearing on the agenda for the May 26, 2026 meeting of
the City Council.
SECTION 12. THAT this Resolution shall become effective from and after its date of
passage in accordance with law.
PASSED AND APPROVED on this the 28th day of April, 2026.
ATTEST:
_____________________________
Pete Cain, Mayor
____________________________
Carrie L. Land, City Secretary
EXHIBIT A
PRELIMINARY 2026 AMENDED & RESTATED SERVICE AND ASSESSMENT PLAN
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 1
AUSTIN, TX | NORTH RICHLAND HILLS, TX | HOUSTON, TX
Sherley Tract Public
Improvement District No. 2
PRELIMINARY 2026 AMENDED AND RESTATED SERVICE AND
ASSESSMENT PLAN
APRIL 28, 2026
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 2
TABLE OF CONTENTS
Table of Contents .......................................................................................................................... 2
Introduction .................................................................................................................................. 4
Section I: Definitions ..................................................................................................................... 7
Section II: The District ................................................................................................................. 19
Section III: Authorized Improvements ......................................................................................... 19
Section IV: Service Plan ............................................................................................................... 25
Section V: Assessment Plan ......................................................................................................... 25
Section VI: Terms of the Assessments ......................................................................................... 33
Section VII: Assessment Roll ....................................................................................................... 40
Section VIII: Additional Provisions ............................................................................................... 40
Section IX: Additional Information .............................................................................................. 42
Exhibits ........................................................................................................................................ 47
Appendices ................................................................................................................................. 48
Exhibit A-1 – Map of the District ................................................................................................. 49
Exhibit A-2 – Map of Improvement Area #1 and the Major Improvement Area ......................... 50
Exhibit A-3 – Map of Improvement Area #2, Improvement Area #3, and Improvement Area #4 51
Exhibit A-4 – Lot Type Classification Map - Improvement Area #2, Improvement Area #3, and
Improvement Area #4 ................................................................................................................. 52
Exhibit B – Project Costs .............................................................................................................. 53
Exhibit C – Service Plan ............................................................................................................... 54
Exhibit D – Sources and Uses of Funds ........................................................................................ 56
Exhibit E – Maximum Assessment and Tax Rate Equivalent ........................................................ 57
Exhibit F-1 – Improvement Area #1 Assessment Roll .................................................................. 58
Exhibit F-2 – Improvement Area #1 Annual Installments ............................................................ 72
Exhibit G-1 – Improvement Area #2 Assessment Roll ................................................................. 73
Exhibit G-2 – Improvement Area #2 Assessment Roll By Block and Lot ...................................... 74
Exhibit G-3 – Improvement Area #2 Annual Installment ............................................................. 77
Exhibit H-1 – Improvement Area #3 Assessment Roll ................................................................. 78
Exhibit H-2 – Improvement Area #3 Assessment Roll By Block and Lot ...................................... 79
Exhibit H-3 – Improvement Area #3 Annual Installment ............................................................. 82
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 3
Exhibit I-1 – Improvement Area #4 Assessment Roll ................................................................... 83
Exhibit I-2 – Improvement Area #4 Annual Installment .............................................................. 84
Exhibit J – Major Improvement Area Assessment Roll ................................................................ 85
Exhibit K-1 – Maps of Major Improvements ................................................................................ 86
Exhibit K-2 – Maps of Improvement Area #1 Improvements ...................................................... 90
Exhibit K-3 – Maps of Improvement Area #2 Improvements ...................................................... 94
Exhibit K-4 – Maps of Improvement Area #3 Improvements ...................................................... 98
Exhibit K-5 – Maps of Improvement Area #4 Improvements .................................................... 102
Exhibit L – TIRZ No. 3 Annual Credit Amount by Lot Type ......................................................... 106
Exhibit M – Form of Notice of Assessment Termination ........................................................... 107
Exhibit N-1 – Debt Service Schedule for the Improvement Area #1 Initial Bonds ..................... 110
Exhibit N-2 – Debt Service Schedule for Improvement Area #1 Additional Bonds .................... 111
Exhibit N-3 – Debt Service Schedule for Improvement Area #2-4 Bonds .................................. 112
Exhibit O-1 – District Legal Description ..................................................................................... 113
Exhibit O-2 – Improvement Area #1 Legal Description .............................................................. 118
Exhibit O-3 – Improvement Area #2 Legal Description .............................................................. 124
Exhibit O-4 – Improvement Area #3 Legal Description .............................................................. 129
Exhibit O-5 – Improvement Area #4 Legal Description .............................................................. 132
Exhibit O-6 – Major Improvement Area Legal Description ........................................................ 135
Appendix A – Engineer’s Report ................................................................................................ 147
Appendix B – Buyer Disclosures ................................................................................................ 167
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 4
INTRODUCTION
Capitalized terms used in this 2026 Amended and Restated Service and Assessment Plan shall
have the meanings given to them in Section I unless otherwise defined in this 2026 Amended and
Restated Service and Assessment Plan or unless the context in which a term is used clearly
requires a different meaning. Unless otherwise defined, a reference to a “Section,” an “Exhibit,”
or an “Appendix” shall be a reference to a Section of this 2026 Amended and Restated Service
and Assessment Plan or an Exhibit or Appendix attached to and made a part of this 2026
Amended and Restated Service and Assessment Plan for all purposes.
On December 8, 2020, the City Council passed and approved Resolution No. 2020-12-839
authorizing the establishment of Sherley Tract Public Improvement District No. 2 in accordance
with Chapter 372, Texas Local Government Code, which authorization was effective upon
publication as required by the PID Act. The purpose of the District is to finance the Actual Costs
of Authorized Improvements that confer a special benefit on approximately 289.751 acres
located within the corporate limits of the City, as described by the legal description on Exhibit O-
1 and depicted on Exhibit A-1.
On July 27, 2021, the City Council approved Ordinance No. 925-2021 which approved the 2021
Service and Assessment Plan for the District and levied Assessments to finance the Authorized
Improvements to be constructed for the benefit of the Assessed Property within the District. The
2021 Service and Assessment Plan also identified the Authorized Improvements to be provided
by the District, the costs of the Authorized Improvements, the indebtedness to be incurred for
such Authorized Improvements, and the manner of assessing the property in the District for the
costs of such Authorized Improvements based on the benefit provided to the Assessed Property.
On July 26, 2022, the City Council approved the 2022 Annual Service Plan Update for the District
by Ordinance No. 986-2022, which updated the Improvement Area #1 Assessment Roll and Major
Improvement Area Assessment Roll for 2022.
On July 11, 2023, the City Council approved the 2023 Annual Service Plan Update for the District
by Ordinance No. 1059-2023-07, which updated the Improvement Area #1 Assessment Roll and
Major Improvement Area Assessment Roll for 2023.
On August 27, 2024, the City Council approved the 2024 Annual Service Plan Update for the
District by Ordinance No. 1115-2024-08, which updated the Improvement Area #1 Assessment
Roll and the Major Improvement Area Assessment Roll for 2024.
On August 26, 2025, the City Council approved the 2025 Amended and Restated Service and
Assessment Plan for the District by adopting Ordinance No. 1163-2025-08, which served to
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 5
amend and restate the 2021 Service and Assessment Plan in its entirety for the purposes of (1)
issuing the Improvement Area #1 Additional Bonds to satisfy the Improvement Area #1
Reimbursement Obligation and (2) updating the Assessment Rolls.
This 2026 Amended and Restated Service and Assessment Plan serves to amend and restate the
2025 Amended and Restated Service and Assessment Plan, including all previously approved
Annual Service Plan Updates, in its entirety for the purposes of (1) updating the Improvement
Area #1 Assessment Roll; (2) updating the Major Improvement Area Assessment Roll; (3)
identifying the costs of the (i) Improvement Area #2 Projects, (ii) Improvement Area #3 Projects,
and (iii) Improvement Area #4 Projects; (4) identifying the indebtedness to be incurred for the
Improvement Area #2 Projects, and the manner of assessing the Improvement Area #2 Assessed
Property for the costs of the Improvement Area #2 Projects; (5) identifying the indebtedness to
be incurred for the Improvement Area #3 Projects, and the manner of assessing the Improvement
Area #3 Assessed Property for the costs of the Improvement Area #3 Projects; (6) identifying the
indebtedness to be incurred for the Improvement Area #4 Projects, and the manner of assessing
the Improvement Area #4 Assessed Property for the costs of the Improvement Area #4 Projects;
(7) levying the Improvement Area #2 Assessment for the Improvement Area #2 Assessed
Property; (8) levying the Improvement Area #3 Assessment for the Improvement Area #3
Assessed Property; (9) levying the Improvement Area #4 Assessment for the Improvement Area
#4 Assessed Property; and (10) approving the (i) Improvement Area #2 Assessment Roll, (ii)
Improvement Area #3 Assessment Roll, and (iii) Improvement Area #4 Assessment Roll. This 2026
Amended and Restated Service and Assessment Plan serves as the Annual Service Plan Update
for 2026.
The PID Act requires a service plan covering a period of at least five years and defining the annual
indebtedness and projected cost of the Authorized Improvements and including a copy of the
notice form required by Section 5.014 of the Texas Property Code, as amended. The Service Plan
is contained in Section IV and the notice form is attached as Appendix B.
The PID Act requires that the Service Plan include an Assessment Plan that assesses the Actual
Costs of the Authorized Improvements against the Assessed Property within the District based
on the special benefits conferred on such property by the Authorized Improvements. The
Assessment Plan is contained in Section V.
The PID Act requires an Assessment Roll that states the Assessment against each Parcel
determined by the method chosen by the City Council. The Assessment against each Parcel of
Assessed Property must be sufficient to pay the share of the Actual Costs of the Authorized
Improvements apportioned to such Parcel and cannot exceed the special benefit conferred on
the Parcel by such Authorized Improvements. The Improvement Area #1 Assessment Roll is
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 6
attached as Exhibit F-1. The Improvement Area #2 Assessment Roll is attached as Exhibit G-1.
The Improvement Area #2 Assessment Roll by block and lot is attached as Exhibit G-2 for
illustrative purposes only. The Improvement Area #3 Assessment Roll is attached as Exhibit H-1.
The Improvement Area #3 Assessment Roll by block and lot is attached as Exhibit H-2 for
illustrative purposes only. The Improvement Area #4 Assessment Roll is attached as Exhibit I-1.
The Major Improvement Area Assessment Roll is attached as Exhibit J
[Remainder of page intentionally left blank.]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 7
SECTION I: DEFINITIONS
“2021 Assessment Ordinance” means the Assessment Ordinance No. 925-2021 approved and
adopted by the City Council on July 27, 2021, which levied the Assessments against Parcels of
Assessed Property within Improvement Area #1 and the Major Improvement Area and approved
the 2021 Service and Assessment Plan.
“2021 Service and Assessment Plan” means the Sherley Tract Public Improvement District No. 2
Service and Assessment Plan as approved on July 27, 2021, by the 2021 Assessment Ordinance,
which replaced in its entirety the 2025 Amended and Restated Service and Assessment Plan.
“2025 Amended and Restated Service and Assessment Plan” means the Sherley Tract Public
Improvement District No. 2 2025 Amended and Restated Service and Assessment Plan as
approved on August 26, 2025, by Ordinance No. 1163-2025-08, which replaced in its entirety the
2021 Service and Assessment Plan.
“2026 Assessment Ordinance” means an Assessment Ordinance approved and adopted by the
City Council on May 26, 2026, which levied the (i) Improvement Area #2 Assessment against the
Improvement Area #2 Assessed Property, (ii) Improvement Area #3 Assessment against the
Improvement Area #3 Assessed Property, and (iii) Improvement Area #4 Assessment against the
Improvement Area #4 Assessed Property, and approved this 2026 Amended and Restated Service
and Assessment Plan.
“2026 Amended and Restated Service and Assessment Plan” means this Sherley Tract Public
Improvement District No. 2 2026 Amended and Restated Service and Assessment Plan as
updated, amended, or supplemented from time to time, which is to replace in its entirety the
2025 Amended and Restated Service and Assessment Plan and any and all prior Annual Service
Plan Updates.
“Actual Costs” mean with respect to Authorized Improvements, the actual costs paid or incurred
by or on behalf of the Owner, including: (1) the costs incurred by or on behalf of the Owner (either
directly or through affiliates) for the design, planning, financing, administration/management,
acquisition, installation, construction and/or implementation of such Authorized Improvements;
(2) the fees paid for obtaining permits, licenses, or other governmental approvals for such
Authorized Improvements; (3) the costs incurred by or on behalf of the Owner for external
professional costs, such as engineering, geotechnical, surveying, land planning, architectural
landscapers, appraisals, legal, accounting, and similar professional services; (4) all labor, bonds,
and materials, including equipment and fixtures, by contractors, builders, and materialmen in
connection with the acquisition, construction, or implementation of the Authorized
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 8
Improvements; (5) all related permitting and public approval expenses, architectural,
engineering, and consulting fees, and governmental fees and charges.
“Additional Interest” means the amount collected by application of the Additional Interest Rate.
“Additional Interest Rate” means the up to 0.50% additional interest rate that may be charged
on Assessments securing PID Bonds pursuant to Section 372.018 of the PID Act.
“Administrator” means the City or independent firm designated by the City who shall have the
responsibilities provided in this 2026 Amended and Restated Service and Assessment Plan, any
Indenture, or any other agreement or document approved by the City related to the duties and
responsibilities of the administration of the District. The initial Administrator is P3Works, LLC.
“Annual Collection Costs” mean the actual or budgeted costs and expenses related to the
operation of the District, including, but not limited to, costs and expenses for: (1) the
Administrator; (2) City staff; (3) legal counsel, engineers, accountants, financial advisors, and
other consultants engaged by the City; (4) calculating, collecting, and maintaining records with
respect to Assessments and Annual Installments; (5) preparing and maintaining records with
respect to Assessment Rolls and Annual Service Plan Updates; (6) paying and redeeming PID
Bonds; (7) investing or depositing Assessments and Annual Installments; (8) complying with this
2026 Amended and Restated Service and Assessment Plan and the PID Act with respect to the
PID Bonds, including the City’s continuing disclosure requirements; and (9) the paying
agent/registrar and Trustee in connection with PID Bonds, including their respective legal
counsel. Annual Collection Costs collected but not expended in any year shall be carried forward
and applied to reduce Annual Collection Costs for subsequent years.
“Annual Installment” means the annual installment payment of an Assessment as calculated by
the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3)
Annual Collection Costs; and (4) Additional Interest, if applicable.
“Annual Service Plan Update” means an update to this 2026 Amended and Restated Service and
Assessment Plan prepared no less frequently than annually by the Administrator and approved
by the City Council.
“Assessed Property” means any Parcel within the District against which an Assessment is levied.
“Assessment” means an assessment levied against a Parcel of Assessed Property within the
District and imposed pursuant to an Assessment Ordinance and the provisions herein, as shown
on an Assessment Roll, subject to reallocation upon the subdivision of such Parcel of Assessed
Property or reduction according to the provisions herein and in the PID Act.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 9
“Assessment Ordinance” means an ordinance adopted by the City Council in accordance with
the PID Act that levies an Assessment on Assessed Property within the District, as shown on any
Assessment Roll.
“Assessment Plan” means the methodology employed to assess the Actual Costs of the
Authorized Improvements against the Assessed Property within the District based on the special
benefits conferred on such property by the Authorized Improvements, more specifically set forth
and described in Section V.
“Assessment Roll” means any assessment roll for the Assessed Property within the District,
including the Improvement Area #1 Assessment Roll, the Improvement Area #2 Assessment Roll,
the Improvement Area #3 Assessment Roll, the Improvement Area #4 Assessment Roll, and the
Major Improvement Area Assessment Roll, 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 PID Bonds or any Annual Service Plan Update.
“Authorized Improvements” means (1) the improvements authorized by Section 372.003 of the
PID Act, as depicted on Exhibit K-1, Exhibit K-2, Exhibit K-3, Exhibit K-4 and Exhibit K-5 and
described in Section III, (2) Bond Issuance Costs, and (3) District Formation Costs.
“Bond Issuance Costs” means the costs associated with issuing PID Bonds, including but not
limited to attorney fees, financial advisory fees, consultant fees, initial trustee fee, appraisal fees,
printing costs, publication costs, capitalized interest, reserve fund requirements, underwriter’s
discount, underwriter’s counsel, fees charged by the Texas Attorney General, and any other cost
or expense, including original issue discount, incurred by the City directly associated with the
issuance of any series of PID Bonds.
“City” means the City of Anna, Texas.
“City Council” means the governing body of the City.
“County” means Collin County, Texas.
“Delinquent Collection Costs” mean costs related to the foreclosure on Assessed Property and
the costs of collection of delinquent Assessments, delinquent Annual Installments, or any other
delinquent amounts due under this 2026 Amended and Restated Service and Assessment Plan
including penalties and reasonable attorney’s fees actually paid, but excluding amounts
representing interest and penalty interest.
“Development Agreement” means the Sherley Tract Subdivision Improvement Agreement
approved by the City under Resolution No. 2020-06-733 as thereafter may have been amended.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 10
“District” means Sherley Tract Public Improvement District No. 2 containing approximately
289.751 acres located within the corporate limits of the City, and more specifically described in
Exhibit O-1 and depicted on Exhibit A-1.
“District Formation Costs” means the costs associated with forming the District, including but
not limited to, attorney fees, and any other cost or expense incurred by the City directly
associated with the establishment of the District.
“Engineer’s Report” means a report provided by a licensed professional engineer that describes
the Authorized Improvements, including their costs, location, and benefit, and is attached hereto
as Appendix A.
“Estimated Buildout Value” means the estimated value of an Assessed Property with fully
constructed buildings, as provided by the Owner and confirmed by the City Council, by
considering such factors as density, lot size, proximity to amenities, view premiums, location,
market conditions, historical sales, builder contracts, discussions with homebuilders, reports
from third party consultants, or any other factors that, in the judgment of the City, may impact
value. The Estimated Buildout Value for a Lot is shown on Exhibit E.
“Improvement Area #1” means approximately 109.402 acres located within the District, more
specifically described in Exhibit O-2 and depicted on Exhibit A-2.
“Improvement Area #1 Additional Bonds” means those certain “City of Anna, Texas Special
Assessment Revenue Bonds, Series 2025 (Sherley Tract Public Improvement District No. 2
Improvement Area #1 Project)” that are secured by a portion of the Improvement Area #1
Assessments.
“Improvement Area #1 Annual Installment” means the Annual Installment of the Improvement
Area #1 Assessment as calculated by the Administrator and approved by the City Council, that
includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional Interest, which
amount may be reduced by the TIRZ No. 3 Annual Credit Amount.
“Improvement Area #1 Assessed Property” means any Parcel within Improvement Area #1
against which an Improvement Area #1 Assessment is levied.
“Improvement Area #1 Assessment” means an Assessment levied against a Parcel of Assessed
Property within Improvement Area #1 and imposed pursuant to the 2021 Assessment Ordinance
and the provisions herein, as shown on the Improvement Area #1 Assessment Roll, subject to
reallocation upon the subdivision of such Parcel or reduction according to the provisions herein
and in the PID Act.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 11
“Improvement Area #1 Assessment Roll” means the Assessment Roll for the Improvement Area
#1 Assessed Property, as updated, modified or amended from time to time in accordance with
the procedures set forth herein and in the PID Act, including any updates prepared in connection
with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement Area #1
Assessment Roll is included in this 2026 Amended and Restated Service and Assessment Plan as
Exhibit F-1.
“Improvement Area #1 Initial Bonds” means those certain “City of Anna, Texas, Special
Assessment Revenue Bonds, Series 2021 (Sherley Tract Public Improvement District No. 2
Improvement Area #1 Project)” that are secured by the Improvement Area #1 Assessments.
“Improvement Area #1 Improvements” means the Authorized Improvements which only benefit
the Improvement Area #1 Assessed Property, as further described in Section III.A and depicted
on Exhibit K-2.
“Improvement Area #1 Initial Parcel” means all of the Improvement Area #1 Assessed Property
against which the entire Improvement Area #1 Assessment was levied at the time the City Council
approved the 2021 Assessment Ordinance.
“Improvement Area #1 Projects” means collectively: (1) the pro rata portion of the Major
Improvement costs allocable to Improvement Area #1; (2) the Improvement Area #1
Improvement costs; (3) the Annual Collection Costs related to the Improvement Area #1 Initial
Bonds and the Improvement Area #1 Additional Bonds; and (4) Bond Issuance Costs associated
with the issuance of the Improvement Area #1 Initial Bonds and the Improvement Area #1
Additional Bonds.
“Improvement Area #1 Reimbursement Agreement” means that certain “Sherley Tract Public
Improvement District No. 2 Improvement Area #1 Reimbursement Agreement” effective July 27,
2021, entered into by and between the City and Owner. The Improvement Area #1
Reimbursement Agreement was terminated following the payment of the Improvement Area #1
Reimbursement Obligation.
“Improvement Area #1 Reimbursement Obligation” means an amount not to exceed $4,157,016
secured by Improvement Area #1 Assessments to be paid to the Owner pursuant to the
Improvement Area #1 Reimbursement Agreement. The Improvement Area #1 Reimbursement
Obligation was paid from the proceeds of the Improvement Area #1 Additional Bonds.
“Improvement Area #2” means approximately 30.957 acres located within the District, more
specifically described in Exhibit O-3 and depicted on Exhibit A-3.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 12
“Improvement Area #2 Annual Installment” means the Annual Installment of the Improvement
Area #2 Assessment as calculated by the Administrator and approved by the City Council, that
includes: (1) principal; (2) interest; (3) Additional Interest related to Improvement Area #2’s
allocable portion of the outstanding principal amount of the Improvement Area #2-4 Bonds; and
(4) Annual Collection Costs related to Improvement Area #2, as shown on Exhibit G-3.
“Improvement Area #2 Assessed Property” means any Parcel within Improvement Area #2
against which an Improvement Area #2 Assessment is levied.
“Improvement Area #2 Assessment” means an Assessment levied against a Parcel of Assessed
Property within Improvement Area #2 and imposed pursuant to the 2026 Assessment Ordinance
and the provisions herein, as shown on the Improvement Area #2 Assessment Roll, subject to
reallocation upon the subdivision of such Parcel or reduction according to the provisions herein
and in the PID Act.
“Improvement Area #2 Assessment Roll” means the Assessment Roll for the Improvement Area
#2 Assessed Property, as updated, modified or amended from time to time in accordance with
the procedures set forth herein and in the PID Act, including any updates prepared in connection
with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement Area #2
Assessment Roll is included in this 2026 Amended and Restated Service and Assessment Plan as
Exhibit G-1. The Improvement Area #2 Assessment Roll by block and lot is attached as Exhibit G-
2 for illustrative purposes only.
“Improvement Area #2 Improvements” means the Authorized Improvements which only benefit
the Improvement Area #2 Assessed Property, as further described in Section III.B and depicted
on Exhibit K-3.
“Improvement Area #2 Initial Parcel” means all of the Improvement Area #2 Assessed Property
against which the entire Improvement Area #2 Assessment was levied at the time the City Council
approved the 2026 Assessment Ordinance.
“Improvement Area #2 Projects” means collectively: (1) the Improvement Area #2 Improvement
costs; (2) the allocable portion of the Bond Issuance Costs of the Improvement Area #2-4 Bonds
related to Improvement Area #2; and (3) the portion of the deposit to the administrative fund
related to Improvement Area #2 in connection with the Improvement Area #2-4 Bonds.
“Improvement Area #3” means approximately 12.414 acres located within the District, more
specifically described in Exhibit O-4 and depicted on Exhibit A-3.
“Improvement Area #3 Annual Installment” means the Annual Installment of the Improvement
Area #3 Assessment as calculated by the Administrator and approved by the City Council, that
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 13
includes: (1) principal; (2) interest; (3) Additional Interest related to Improvement Area #3’s
allocable portion of the outstanding principal amount of the Improvement Area #2-4 Bonds; and
(4) Annual Collection Costs related to Improvement Area #3, as shown on Exhibit H-3.
“Improvement Area #3 Assessed Property” means any Parcel within Improvement Area #3
against which an Improvement Area #3 Assessment is levied.
“Improvement Area #3 Assessment” means an Assessment levied against a Parcel of Assessed
Property within Improvement Area #3 and imposed pursuant to the 2026 Assessment Ordinance
and the provisions herein, as shown on the Improvement Area #3 Assessment Roll, subject to
reallocation upon the subdivision of such Parcel or reduction according to the provisions herein
and in the PID Act.
“Improvement Area #3 Assessment Roll” means the Assessment Roll for the Improvement Area
#3 Assessed Property, as updated, modified or amended from time to time in accordance with
the procedures set forth herein and in the PID Act, including any updates prepared in connection
with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement Area #3
Assessment Roll is included in this 2026 Amended and Restated Service and Assessment Plan as
Exhibit H-1. The Improvement Area #3 Assessment Roll by block and lot is attached as Exhibit H-
2 for illustrative purposes only.
“Improvement Area #3 Improvements” means the Authorized Improvements which only benefit
the Improvement Area #3 Assessed Property, as further described in Section III.C and depicted
on Exhibit K-4.
“Improvement Area #3 Initial Parcel” means all of the Improvement Area #3 Assessed Property
against which the entire Improvement Area #3 Assessment was levied at the time the City Council
approved the 2026 Assessment Ordinance.
“Improvement Area #3 Projects” means collectively: (1) the Improvement Area #3 Improvement
costs; (2) the allocable portion of the Bond Issuance Costs of the Improvement Area #2-4 Bonds
related to Improvement Area #3; and (3) the portion of the deposit to the administrative fund
related to Improvement Area #3 in connection with the Improvement Area #2-4 Bonds.
“Improvement Area #4” means approximately 12.256 acres located within the District, more
specifically described in Exhibit O-5 and depicted on Exhibit A-3.
“Improvement Area #4 Annual Installment” means the Annual Installment of the Improvement
Area #4 Assessment as calculated by the Administrator and approved by the City Council, that
includes: (1) principal; (2) interest; (3) Additional Interest related to Improvement Area #4’s
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 14
allocable portion of the outstanding principal amount of the Improvement Area #2-4 Bonds; and
(4) Annual Collection Costs related to Improvement Area #4, as shown on Exhibit I-2.
“Improvement Area #4 Assessed Property” means any Parcel within Improvement Area #4
against which an Improvement Area #4 Assessment is levied.
“Improvement Area #4 Assessment” means an Assessment levied against a Parcel of Assessed
Property within Improvement Area #4 and imposed pursuant to the 2026 Assessment Ordinance
and the provisions herein, as shown on the Improvement Area #4 Assessment Roll, subject to
reallocation upon the subdivision of such Parcel or reduction according to the provisions herein
and in the PID Act.
“Improvement Area #4 Assessment Roll” means the Assessment Roll for the Improvement Area
#4 Assessed Property, as updated, modified or amended from time to time in accordance with
the procedures set forth herein and in the PID Act, including any updates prepared in connection
with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement Area #4
Assessment Roll is included in this 2026 Amended and Restated Service and Assessment Plan as
Exhibit I-1.
“Improvement Area #4 Improvements” means the Authorized Improvements which only benefit
the Improvement Area #4 Assessed Property, as further described in Section III.D and depicted
on Exhibit K-5.
“Improvement Area #4 Initial Parcel” means all of the Improvement Area #4 Assessed Property
against which the entire Improvement Area #4 Assessment was levied at the time the City Council
approved the 2026 Assessment Ordinance.
“Improvement Area #4 Projects” means collectively: (1) the Improvement Area #4 Improvement
costs; (2) the allocable portion of the Bond Issuance Costs of the Improvement Area #2-4 Bonds
related to Improvement Area #4; and (3) the portion of the deposit to the administrative fund
related to Improvement Area #4 in connection with the Improvement Area #2-4 Bonds.
“Indenture” means an Indenture of Trust entered into between the City and the Trustee in
connection with the issuance of each series of PID Bonds, as amended or supplemented from
time to time, between the City and the Trustee setting forth terms and conditions related to a
series of PID Bonds.
“Lot” means (1) for any portion of the District for which a final subdivision plat has been recorded
in the plat or official public records of the County, a tract of land described by “lot” in such
subdivision plat; and (2) for any portion of the District for which a subdivision plat has not been
recorded in the plat or official public records of the County, a tract of land anticipated to be
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 15
described as a “lot” in a final recorded subdivision plat as shown on a concept plan or a
preliminary plat. A “lot” shall not include real property owned by a government entity, even if
such property is designated as a separate described tract or lot on a recorded subdivision plat.
“Lot Type” means a classification of final building Lots with similar characteristics (e.g. lot size,
home product, Estimated Buildout Value, etc.), as determined by the Administrator and
confirmed by the City Council. In the case of single-family residential Lots, the Lot Type shall be
further defined by classifying the residential Lots by the Estimated Buildout Value of the Lot as
shown on Exhibit E.
“Lot Type 1” means a Lot in Improvement Area #1 marketed to homebuilders as a 40’ Lot. The
buyer disclosure for Lot Type 1 is attached in Appendix B.
“Lot Type 2” means a Lot in Improvement Area #1 marketed to homebuilders as a 50’ Lot. The
buyer disclosure for Lot Type 2 is attached in Appendix B.
“Lot Type 3” means a Lot in Improvement Area #1 marketed to homebuilders as a 60’ Lot. The
buyer disclosure for Lot Type 3 is attached in Appendix B.
“Lot Type 4” means a Lot in Improvement Area #1 marketed to homebuilders as a townhome
Lot. The buyer disclosure for Lot Type 4 is attached in Appendix B.
“Lot Type 5” means a Lot in Improvement Area #2 marketed to homebuilders as a 50’ Lot. The
buyer disclosure for Lot Type 5 is attached in Appendix B.
“Lot Type 6” means a Lot in Improvement Area #2 marketed to homebuilders as a 60’ Lot. The
buyer disclosure for Lot Type 6 is attached in Appendix B.
“Lot Type 7” means a Lot in Improvement Area #3 marketed to homebuilders as a 40’ Lot. The
buyer disclosure for Lot Type 7 is attached in Appendix B.
“Lot Type 8” means a Lot in Improvement Area #4 marketed to homebuilders as a townhome
Lot. The buyer disclosure for Lot Type 8 is attached in Appendix B.
“Major Improvement Area” means approximately 180.349 acres located within the District, and
more specifically described in Exhibit O-6 and depicted on Exhibit A-2. The Major Improvement
Area includes all of the District save and except Improvement Area #1.
“Major Improvement Area Assessed Property” means any Parcel of Assessed Property within
the Major Improvement Area against which a Major Improvement Area Assessment was levied.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 16
“Major Improvement Area Assessment” means the Assessment that was levied against the
Major Improvement Area Assessed Property and was imposed pursuant to the 2021 Assessment
Ordinance and the provisions therein.
“Major Improvement Area Assessment Roll” means the Assessment Roll for the Major
Improvement Area Assessed Property within the District. The Major Improvement Area
Assessment Roll is included in this 2026 Amended and Restated Service and Assessment Plan as
Exhibit J.
“Major Improvement Area Bonds” means those certain “City of Anna, Texas, Special Assessment
Revenue Bonds, Series 2021 (Sherley Tract Public Improvement District No. 2 Major
Improvement Area Project) to be satisfied from Prepayment in full of the Major Improvement
Area Assessment.”
“Major Improvement Area Initial Parcel” means all of the Major Improvement Area Assessed
Property against which the entire Major Improvement Area Assessment was levied at the time
the City Council approved the 2021 Assessment Ordinance.
“Major Improvement Area Projects” means collectively: (1) the pro rata portion of the Major
Improvement costs allocable to the Major Improvement Area; (2) the Annual Collection Costs
related to the Major Improvement Area Bonds; and (3) Bond Issuance Costs associated with the
issuance of the Major Improvement Area Bonds.
“Major Improvements” means those Authorized Improvements that confer special benefit to all
the Assessed Property within the District, and as further described in Section III.E. and depicted
on Exhibit K-1.
“Maximum Assessment” means for each Lot, an Assessment equal to the lesser of (1) the
amount calculated pursuant to Section VI.A, or (2) for each Lot Type, the amount shown on
Exhibit E.
“Non-Benefitted Property” means Parcels within the boundaries of the District that accrue no
special benefit from the Authorized Improvements as determined by the City Council.
“Notice of Assessment Termination” means a document that shall be recorded in the official
public records of the County evidencing the termination of an Assessment, a form of which is
attached as Exhibit M.
“Owner” means MM Anna 325, LLC and any successors or assigns thereof that intends to develop
the property in the District for the ultimate purpose of transferring title to such property to end
users.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 17
“Parcel” or “Parcels” means a specific property within the District identified by either a tax parcel
identification number assigned by the Collin Central Appraisal District for real property tax
purposes, by legal description, or by lot and block number in a final subdivision plat recorded in
the plat or official public records of the County, or by any other means determined by the City.
“PID Act” means Chapter 372, Texas Local Government Code, as amended.
“PID Bonds” means any bonds issued by the City in one or more series and secured in whole or
in part by Assessments.
“Prepayment” means the payment of all or a portion of an Assessment before the due date of
the final Annual Installment thereof. Amounts received at the time of a Prepayment which
represent a payment of principal, interest, or penalties on a delinquent installment of an
Assessment are not to be considered a Prepayment, but rather are to be treated as the payment
of the regularly scheduled Annual Installment.
“Prepayment Costs” means interest, including Additional Interest and Annual Collection Costs to
the date of Prepayment.
“Service Plan” covers a period of at least five years and defines the annual indebtedness and
projected costs of the Authorized Improvements, more specifically described in Section IV.
"TIRZ No. 3" means the Tax Increment Reinvestment Zone Number Three, City of Anna, Texas.
"TIRZ No. 3 Agreement" means the Tax Increment Reinvestment Zone No. 3, effective as of July
27, 2021.
"TIRZ No. 3 Annual Credit Amount" is defined in Section V.F, which amount shall not annually
exceed the TIRZ No. 3 Maximum Annual Credit Amount, and which shall be transferred from the
TIRZ No. 3 Fund to the applicable pledged revenue fund pursuant to the TIRZ No. 3 Agreement.
“TIRZ No. 3 PID Account” means an account of the TIRZ No. 3 Fund where the TIRZ No. 3
Revenues are deposited.
"TIRZ No. 3 Project Plan" means the Tax Increment Reinvestment Zone Number Three, City of
Anna, Texas Project and Financing Plan, dated July 27, 2021.
"TIRZ No. 3 Fund" means the tax increment fund created pursuant to the TIRZ No. 3 Ordinance
where TIRZ No. 3 Revenues are deposited annually.
“TIRZ No. 3 Maximum Annual Credit Amount” means for each Lot Type in Improvement Area
#1, the amount of TIRZ No. 3 Revenues that results in an equivalent tax rate of $0.7786 per $100
of assessed value for such Lot Type taking into consideration the tax rates of all applicable
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 18
overlapping taxing units at the time PID Bonds are sold for Improvement Area #1, and the
equivalent tax rate of the Improvement Area #1 Annual Installment, based on assumed buildout
at the time the City Council approves the Assessment Ordinance levying the Improvement Area
#1 Assessments. The assumed buildout values per projected Lot Type within Improvement Area
#1 are shown on Exhibit L. The target tax rate equivalent for Lots within Improvement Area #1 is
$0.7786 per $100 of assessed value. Based on the pricing of the Improvement Area #1 Initial
Bonds and the Improvement Area #1 Additional Bonds, the tax rate equivalent is approximately
$0.7254 per $100 of assessed value which is less than the target tax rate. Therefore, the TIRZ No.
3 Maximum Annual Credit Amount per Unit for Lots within Improvement Area #1 is calculated at
$0.00.
"TIRZ No. 3 Ordinance" means Ordinance No. 926-2021 adopted by the City Council approving
the TIRZ No. 3 Project Plan and authorizing the use of TIRZ No. 3 Revenues for project costs under
the Chapter 311, Texas Tax Code as amended, and related to certain public improvements as
provided for in the TIRZ No. 3 Project Plan.
"TIRZ No. 3 Revenues" mean, for each year, the amounts which are deposited in the TIRZ No. 3
Fund pursuant to the TIRZ No. 3 Ordinance, TIRZ No. 3 Project Plan, and TIRZ No. 3 Agreement.
“Trustee” means the trustee or successor trustee under an Indenture.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 19
SECTION II: THE DISTRICT
The District includes approximately 289.751 contiguous acres located within the corporate limits
of the City, the boundaries of which are more particularly described by the legal description on
Exhibit O-1 and depicted on Exhibit A-1. Development of the District is anticipated to include
approximately 913 Lots developed with single-family homes.
Improvement Area #1 includes approximately 109.402 contiguous acres, the boundaries of which
are more particularly described by the legal description on Exhibit O-2 and depicted on Exhibit
A-2. Development of Improvement Area #1 includes 499 Lots developed with single-family
homes (69 single-family homes on Lots classified as Lot Type 1, 340 single-family homes on Lots
classified as Lot Type 2, 18 single-family homes on Lots classified as Lot Type 3, and 72 single-
family homes on Lots classified as Lot Type 4.)
Improvement Area #2 includes approximately 30.957 contiguous acres, the boundaries of which
are more particularly described by the legal description on Exhibit O-3 and depicted on Exhibit
A-3. Development of Improvement Area #2 is anticipated to include 67 Lots developed with
single-family homes (4 single-family homes on Lots classified as Lot Type 5, and 63 single-family
homes on Lots classified as Lot Type 6)
Improvement Area #3 includes approximately 12.414 contiguous acres, the boundaries of which
are more particularly described by the legal description on Exhibit O-4 and depicted on Exhibit
A-3. Development of Improvement Area #3 is anticipated to include 72 Lots developed with
single-family homes on Lots classified as Lot Type 7.
Improvement Area #4 includes approximately 12.256 contiguous acres, the boundaries of which
are more particularly described by the legal description on Exhibit O-5 and depicted on Exhibit
A-3. Development of Improvement Area #4 is anticipated to include 115 Lots developed with
townhomes on Lots classified as Lot Type 8.
The Major Improvement Area includes approximately 180.349 contiguous acres, the boundaries
of which are more particularly described by the legal description on Exhibit O-6 and depicted on
Exhibit A-2. Development of the Major Improvement Area is anticipated to include
approximately 414 Lots developed with single-family homes.
SECTION III: AUTHORIZED IMPROVEMENTS
The City, based on information provided by the Owner and its engineer and reviewed by the City
staff and by third-party consultants retained by the City, has determined that the Authorized
Improvements confer a special benefit on the Assessed Property. Authorized Improvements will
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 20
be designed and constructed in accordance with the City’s standards and specifications and will
be owned and operated by the City. The budget for the Authorized Improvements is shown on
Exhibit B.
A. Improvement Area #1 Improvements
Water
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #1.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #1.
Storm Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #1.
Street
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and barrier-free ramps. All related earthwork, excavation, erosion
control, retaining walls, intersections, and re-vegetation of all disturbed areas within the
right-of-way are included. The street improvements will provide benefit to each Lot within
Improvement Area #1.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #1
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #1
Improvements.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 21
B. Improvement Area #2 Improvements
Water
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #2.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #2.
Storm Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #2.
Street
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and barrier-free ramps. All related earthwork, excavation, erosion
control, retaining walls, intersections, and re-vegetation of all disturbed areas within the
right-of-way are included. The street improvements will provide benefit to each Lot within
Improvement Area #2.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #2
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #2
Improvements.
C. Improvement Area #3 Improvements
Water
Improvements including trench excavation and embedment, trench safety, PVC piping,
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 22
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #3.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #3.
Storm Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #3.
Street
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and barrier-free ramps. All related earthwork, excavation, erosion
control, retaining walls, intersections, and re-vegetation of all disturbed areas within the
right-of-way are included. The street improvements will provide benefit to each Lot within
Improvement Area #3.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #3
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #3
Improvements.
D. Improvement Area #4 Improvements
Water
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #4.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 23
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #4.
Storm Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #4.
Street
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and barrier-free ramps. All related earthwork, excavation, erosion
control, retaining walls, intersections, and re-vegetation of all disturbed areas within the
right-of-way are included. The street improvements will provide benefit to each Lot within
Improvement Area #4.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #4
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #4
Improvements.
E. Major Improvements
Water
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control
and all necessary appurtenances required to provide water service to all Lots within the
District.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 24
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within the District.
Storm Drainage
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within the District.
Street
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and barrier-free ramps. All related earthwork, excavation, erosion
control, retaining walls, intersections, and re-vegetation of all disturbed areas within the
right-of-way are included. The street improvements will provide benefit to each Lot within
the District.
Soft Costs
Costs related to designing, constructing, and installing the Major Improvements including
land planning and design, City fees, engineering, soil testing, survey, construction
management, contingency, District Formation Costs, legal fees, consultants, and costs
associated with financing the Major Improvements.
F. Bond Issuance Costs
Debt Service Reserve Fund
Equals the amount to be deposited in a debt service reserve fund under an applicable
Indenture in connection with the issuance of PID Bonds.
Capitalized Interest
Equals the amount required to be deposited for the purpose of paying capitalized interest
under an applicable Indenture in connection with the issuance of PID Bonds.
Underwriter’s Discount
Equals a percentage of the par amount of a particular series of PID Bonds related to the
costs of underwriting such PID Bonds.
Underwriter’s Counsel
Equals a percentage of the par amount of a particular series of PID Bonds reserved for the
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 25
underwriter’s attorney fees.
Cost of Issuance
Includes costs of issuing a particular series of PID Bonds, including but not limited to issuer
fees, attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs,
publication costs, City costs, fees charged by the Texas Attorney General, and any other
cost or expense directly associated with the issuance of PID Bonds.
G. Other Costs
Deposit to Administrative Fund
Equals the amount necessary to fund the first year’s Annual Collection Costs for a
particular series of PID Bonds.
SECTION IV: SERVICE PLAN
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 District during the five-year period. The Service Plan must
be reviewed and updated in each Annual Service Plan Update. Exhibit C summarizes the Service
Plan for the District. The buyer disclosure notice form required by Section 5.014 of the Texas
Property Code, as amended, is attached hereto as Appendix B, and shall be included in any future
Annual Service Plan Updates.
Exhibit D summarizes the sources and uses of funds required to construct the Authorized
Improvements, issue the PID Bonds, and fund the first year’s Annual Collection Costs. The
sources and uses of funds shown on Exhibit D shall be updated in the Annual Service Plan Update.
SECTION V: ASSESSMENT PLAN
The PID Act allows the City Council to apportion the costs of the Authorized Improvements to the
Assessed Property based on the special benefit received from the Authorized Improvements. The
PID Act provides that such costs may be apportioned: (1) equally per front foot or square foot;
(2) according to the value of property as determined by the City, with or without regard to
improvements constructed on the property; or (3) in any other manner approved by the City that
results in imposing equal shares of such costs on property similarly benefited. The PID Act further
provides that the governing body may establish by ordinance or order reasonable classifications
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 26
and formulas for the apportionment of the cost between the City and the area to be assessed
and the methods of assessing the special benefits for various classes of improvements.
This section of this 2026 Amended and Restated Service and Assessment Plan describes the
special benefit received by each Parcel within the District as a result of the Authorized
Improvements and provides the basis and justification for the determination that this special
benefit equals or exceeds the amount of the Assessments levied on the Assessed Property for
such Authorized Improvements.
The determination by the City Council of the assessment methodologies set 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 Owner and all future Owners and
developers of the Assessed Property.
A. Assessment Methodology
The City Council, acting in its legislative capacity and based on information provided by the Owner
and its engineer and reviewed by the City staff and by third-party consultants retained by the
City, has determined that the costs related to the Authorized Improvements shall be allocated as
follows:
The costs of the Major Improvement Area Projects were allocated 100% to the Major
Improvement Area Assessed Property based on the ratio of the Estimated Buildout Value
of each Parcel designated within the Major Improvement Area Assessed Property to the
Estimated Buildout Value of all Major Improvement Area Assessed Property at the time
the 2021 Service and Assessment Plan was approved.
The costs of the Improvement Area #1 Projects were allocated 100% to Improvement
Area #1 Assessed Property based on the ratio of the Estimated Buildout Value of each
Parcel designated as Improvement Area #1 Assessed Property to the Estimated Buildout
Value of all Improvement Area #1 Assessed Property at the time the 2021 Service and
Assessment Plan was approved.
The costs of the Improvement Area #2 Projects were allocated 100% to Improvement
Area #2 Assessed Property based on the ratio of the Estimated Buildout Value of each
Parcel designated as Improvement Area #2 Assessed Property to the Estimated Buildout
Value of all Improvement Area #2 Assessed Property at the time this 2026 Amended and
Restated Service and Assessment Plan was approved.
The costs of the Improvement Area #3 Projects were allocated 100% to Improvement
Area #3 Assessed Property based on the ratio of the Estimated Buildout Value of each
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 27
Parcel designated as Improvement Area #3 Assessed Property to the Estimated Buildout
Value of all Improvement Area #3 Assessed Property at the time this 2026 Amended and
Restated Service and Assessment Plan was approved.
The costs of the Improvement Area #4 Projects were allocated 100% to Improvement
Area #4 Assessed Property based on the ratio of the Estimated Buildout Value of each
Parcel designated as Improvement Area #4 Assessed Property to the Estimated Buildout
Value of all Improvement Area #4 Assessed Property at the time this 2026 Amended and
Restated Service and Assessment Plan was approved.
B. Assessments
Assessments are levied on the Assessed Property according to the Improvement Area #1
Assessment Roll, attached hereto as Exhibit F-1, Improvement Area #2 Assessment Roll, attached
hereto as Exhibit G-1, Improvement Area #3 Assessment Roll, attached hereto as Exhibit H-1,
Improvement Area #4 Assessment Roll, attached hereto as Exhibit I-1, and the Major
Improvement Area Assessment Roll, attached hereto as Exhibit J. The projected Annual
Installments for Improvement Area #1 are shown on Exhibit F-2, the projected Annual
Installments for the Improvement Area #2 are shown on Exhibit G-3, the projected Annual
Installments for the Improvement Area #3 are shown on Exhibit H-3, and the projected Annual
Installments for the Improvement Area #4 are shown on Exhibit I-2. Upon division or subdivision
of an Initial Parcel, the Assessment will be reallocated pursuant to Section VI.
The Maximum Assessment for each Lot Type is shown on Exhibit E. In no case will the Assessment
for Lots classified as Lot Type 1, Lot Type 2, Lot Type 3, Lot Type 4, Lot Type 5, Lot Type 6, Lot
Type 7, and Lot Type 8, respectively, exceed the corresponding Maximum Assessment for each
Lot classification.
C. Findings of Special Benefit
The City Council, acting in its legislative capacity and based on information provided by the Owner
and its engineer and reviewed by the City staff and by third-party consultants retained by the
City, has found and determined:
Improvement Area #1
The costs of the Improvement Area #1 Projects equal $14,204,996 as shown on
Exhibit B; and
The Improvement Area #1 Assessed Property receives special benefit from the
Improvement Area #1 Projects equal to or greater than the Actual Cost of the
Improvement Area #1 Projects; and
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 28
At the time the City Council approved the 2021 Service and Assessment Plan, the
Improvement Area #1 Initial Parcel was allocated 100% of the Improvement Area
#1 Assessment levied for the Improvement Area #1 Projects, which equaled
$13,557,016, of which $9,400,000 initially secured the Improvement Area #1
Initial Bonds as shown on Exhibit N-1 and $4,157,016 initially secured the
Improvement Area #1 Reimbursement Obligation. The Improvement Area #1
Initial Parcel has since been subdivided and the Improvement Area #1 Assessment
is allocated on the subdivided parcels per Section IV. The Improvement Area #1
Assessment, is outstanding in the amount of $12,172,000 as shown on the
Improvement Area #1 Assessment Roll attached hereto as Exhibit F-1 of which
$8,648,000 secures the Improvement Area #1 Initial Bonds and $3,524,000
secures the Improvement Area #1 Additional Bonds, as further described in
Section IX.D; and
The special benefit ( ≥ $14,204,996) and the special benefit expected at the time
the City Council approved the 2021 Service and Assessment Plan ( ≥ $13,557,016),
inclusive of the original issue discount, received by the Improvement Area #1
Assessed Property from the Improvement Area #1 Projects is equal to or greater
than the amount of the Improvement Area #1 Assessment ($13,557,016) levied
on the Improvement Area #1 Assessed Property for the Improvement Area #1
Projects; and
At the time the City Council approved the 2021 Service and Assessment Plan, the
Owner owned 100% of the Improvement Area #1 Initial Parcel. The Owner
acknowledged that the Improvement Area #1 Projects confer a special benefit on
the Improvement Area #1 Initial Parcel and consented to the imposition of the
Improvement Area #1 Assessment to pay for the Actual Costs associated
therewith. The Owner ratified, confirmed, accepted, agreed to, and approved: (1)
the determinations and findings by the City Council as to the special benefits
described herein and the applicable Assessment Ordinance; (2) the 2021 Service
and Assessment Plan and the 2021 Assessment Ordinance; and (3) the levying of
the Improvement Area #1 Assessment on the Improvement Area #1 Initial Parcel.
Improvement Area #2
o The costs of the Improvement Area #2 Projects equal $3,845,805 as shown on
Exhibit B; and
o The Improvement Area #2 Assessed Property receives special benefit from the
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 29
Improvement Area #2 Projects equal to or greater than the Actual Cost of the
Improvement Area #2 Projects; and
o The Improvement Area #2 Assessed Property shall be allocated 100% of the
Improvement Area #2 Assessment levied for the Improvement Area #2 Projects,
which equals $3,835,000 as shown on the Improvement Area #2 Assessment Roll
attached hereto as Exhibit G-1; and
o The special benefit ( ≥ $3,845,805) received by the Improvement Area #2 Assessed
Property from the Improvement Area #2 Projects is equal to or greater than the
amount of the Improvement Area #2 Assessment ($3,835,000) levied on the
Improvement Area #2 Assessed Property for the Improvement Area #2 Projects;
and
o At the time the City Council approved this 2026 Amended and Restated Service
and Assessment Plan, the Owner owned 100% of the Improvement Area #2
Assessed Property. The Owner acknowledged that the Improvement Area #2
Projects confer a special benefit on the Improvement Area #2 Assessed Property
and consented to the imposition of the Improvement Area #2 Assessment to pay
for the Actual Costs associated therewith. The Owner ratified, confirmed,
accepted, agreed to, and approved: (1) the determinations and findings by the City
Council as to the special benefits described herein and the applicable Assessment
Ordinance; (2) this 2026 Amended and Restated Service and Assessment Plan and
the applicable Assessment Ordinance; and (3) the levying of the Improvement
Area #2 Assessment on the Improvement Area #2 Assessed Property.
Improvement Area #3
o The costs of the Improvement Area #3 Projects equal $2,540,473 as shown on
Exhibit B; and
o The Improvement Area #3 Assessed Property receives special benefit from the
Improvement Area #3 Projects equal to or greater than the Actual Cost of the
Improvement Area #3 Projects; and
o The Improvement Area #3 Assessed Property shall be allocated 100% of the
Improvement Area #3 Assessment levied for the Improvement Area #3 Projects,
which equals $2,452,000 as shown on the Improvement Area #3 Assessment Roll
attached hereto as Exhibit H-1; and
o The special benefit ( ≥ $2,540,473) received by the Improvement Area #3 Assessed
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 30
Property from the Improvement Area #3 Projects is equal to or greater than the
amount of the Improvement Area #3 Assessment ($2,452,000) levied on the
Improvement Area #3 Assessed Property for the Improvement Area #3 Projects;
and
o At the time the City Council approved this 2026 Amended and Restated Service
and Assessment Plan, the Owner owned 100% of the Improvement Area #3
Assessed Property. The Owner acknowledged that the Improvement Area #3
Projects confer a special benefit on the Improvement Area #3 Assessed Property
and consented to the imposition of the Improvement Area #3 Assessment to pay
for the Actual Costs associated therewith. The Owner ratified, confirmed,
accepted, agreed to, and approved: (1) the determinations and findings by the City
Council as to the special benefits described herein and the applicable Assessment
Ordinance; (2) this 2026 Amended and Restated Service and Assessment Plan and
the applicable Assessment Ordinance; and (3) the levying of the Improvement
Area #3 Assessment on the Improvement Area #3 Assessed Property.
Improvement Area #4
o The costs of the Improvement Area #4 Projects equal $3,644,770 as shown on
Exhibit B; and
o The Improvement Area #4 Assessed Property receives special benefit from the
Improvement Area #4 Projects equal to or greater than the Actual Cost of the
Improvement Area #4 Projects; and
o The Improvement Area #4 Assessed Property shall be allocated 100% of the
Improvement Area #4 Assessment levied for the Improvement Area #4 Projects,
which equals $3,590,000 as shown on the Improvement Area #4 Assessment Roll
attached hereto as Exhibit I-1; and
o The special benefit ( ≥ $3,644,770) received by the Improvement Area #4 Assessed
Property from the Improvement Area #4 Projects is equal to or greater than the
amount of the Improvement Area #4 Assessment ($3,590,000) levied on the
Improvement Area #4 Assessed Property for the Improvement Area #4 Projects;
and
o At the time the City Council approved this 2026 Amended and Restated Service
and Assessment Plan, the Owner owned 100% of the Improvement Area #4
Assessed Property. The Owner acknowledged that the Improvement Area #4
Projects confer a special benefit on the Improvement Area #4 Assessed Property
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 31
and consented to the imposition of the Improvement Area #4 Assessment to pay
for the Actual Costs associated therewith. The Owner ratified, confirmed,
accepted, agreed to, and approved: (1) the determinations and findings by the City
Council as to the special benefits described herein and the applicable Assessment
Ordinance; (2) this 2026 Amended and Restated Service and Assessment Plan and
the applicable Assessment Ordinance; and (3) the levying of the Improvement
Area #4 Assessment on the Improvement Area #4 Assessed Property.
Major Improvement Area
The costs of the Major Improvement Area Projects equal $3,069,081, as shown on
Exhibit B;
The Major Improvement Area Assessed Property receives special benefit from the
Major Improvement Area Projects equal to or greater than the Actual Cost of the
Major Improvement Area Projects;
At the time the City Council approved the 2021 Service and Assessment Plan, the
Major Improvement Area Initial Parcel was allocated 100% of the Major
Improvement Area Assessment levied for the Major Improvement Area Projects,
which equaled $2,896,000; outstanding in the amount of $0.00 as shown on the
Major Improvement Area Assessment Roll attached hereto as Exhibit J;
The special benefit ( ≥ $3,069,081) received by the Major Improvement Area
Assessed Property from the Major Improvement Area Projects is greater than or
equal to the amount of the Major Improvement Area Assessment ($2,896,000)
levied on the Major Improvement Area Assessed Property for the Major
Improvement Area Projects; and
At the time the City Council approved the 2021 Service and Assessment Plan, the
Owner owned 100% of the Major Improvement Area Initial Parcel. The Owner
acknowledged that the Major Improvement Area Projects confer a special benefit
on the Major Improvement Area Initial Parcel and consented to the imposition of
the Major Improvement Area Assessments to pay for the Actual Costs associated
therewith. The Owner has ratified, confirmed, accepted, agreed to, and approved:
(1) the determinations and findings by the City Council as to the special benefits
described herein and the applicable Assessment Ordinance; (2) the 2021 Service
and Assessment Plan and the 2021 Assessment Ordinance; and (3) the levying of
Major Improvement Area Assessment on the Major Improvement Area Initial
Parcel.
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 32
D. Annual Collection Costs
The Annual Collection Costs shall be paid for annually by the owner of each Parcel pro rata based
on the ratio of the amount of outstanding Assessment remaining on the Parcel to the total
outstanding Assessment. The Annual Collection Costs shall be collected as part of and in the
same manner as Annual Installments in the amounts shown on the Assessment Rolls, which may
be revised based on Actual Costs incurred in Annual Service Plan Updates.
E. Additional Interest
The interest rate on Assessments securing PID Bonds may exceed the interest rate on the PID
Bonds by the Additional Interest Rate. To the extent required by any Indenture, Additional
Interest shall be collected as part of each Annual Installment and shall be deposited pursuant to
the applicable Indenture.
F. TIRZ No. 3 Annual Credit Amount
The City Council, in accordance with the TIRZ No. 3 Agreement, has agreed to use a portion of
TIRZ No. 3 Revenues generated from each Assessed Property to offset a portion of such
property’s Improvement Area #1 Assessment, as applicable.
1. The Improvement Area #1 Annual Installment for an Assessed Property shall receive a TIRZ
No. 3 Annual Credit Amount equal to the TIRZ No. 3 Revenue generated by the Assessed
Property for the previous Tax Year (e.g. TIRZ No. 3 Revenue collected from the Assessed
Property for Tax Year 2021 shall be applied as the TIRZ No. 3 Annual Credit Amount applicable
to the Assessed Property’s Improvement Area #1 Annual Installment to be collected in Tax
Year 2022), but in no event shall the TIRZ No. 3 Annual Credit Amount exceed the TIRZ No. 3
Maximum Annual Credit Amount shown in Section V.F.2 as calculated on Exhibit L for each
Assessed Property.
2. The TIRZ No. 3 Maximum Annual Credit Amount available to reduce the principal and interest
of the Improvement Area #1 Annual Installment for an Assessed Property is calculated for
each Lot Type, as shown on Exhibit L. The TIRZ No. 3 Maximum Annual Credit Amount is
calculated so that the average Improvement Area #1 Annual Installment minus the TIRZ No.
3 Maximum Annual Credit Amount for each Lot Type does not produce an equivalent tax rate
for such Lot Type which exceeds the competitive, composite equivalent ad valorem tax rate
($3.09 per $100 of assessed value) taking into consideration the 2020 tax rates of all
applicable overlapping taxing units and the equivalent tax rate of the Improvement Area #1
Annual Installments based on assumed buildout values at the time the 2021 Assessment
Ordinance is approved. The resulting maximum TIRZ No. 3 Annual Credit Amount for each Lot
Type is shown below:
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 33
i. Lot Type 1: $0.00
ii. Lot Type 2: $0.00
iii. Lot Type 3: $0.00
iv. Lot Type 4: $0.00
The target tax rate equivalent for Lots within Improvement Area #1 is $0.7786 per $100 of
assessed value. Based on the pricing of the bonds, the tax rate equivalent is approximately
$0.7254 per $100 of assessed value which is less than the target tax rate. Therefore, the TIRZ No.
3 Maximum Annual Credit Amount per Unit for Lots within Improvement Area #1 is calculated at
$0.00.
3. After the TIRZ No. 3 Annual Credit Amount is applied to provide a credit towards the principal
and interest portion of the Improvement Area #1 Annual Installment for the Assessed Property
in Improvement Area #1, any excess TIRZ No. 3 Revenues available from the TIRZ No. 3 PID
Account shall be held in a segregated account by the City and shall be used in accordance with
the TIRZ No. 3 Final Plan and the TIRZ No. 3 Agreement.
SECTION VI: TERMS OF THE ASSESSMENTS
Any reallocation of Assessments as described in this Section VI shall be considered an
administrative action of the City and will not be subject to the notice of public hearing
requirements under the PID Act.
A. Reallocation of Assessments
1. Upon Division Prior to Recording of Subdivision Plat
Upon the division of any Assessed Property (without the recording of subdivision plat),
the Administrator shall reallocate the Assessment for the Assessed Property prior to the
division among the newly divided Assessed Properties according to the following formula:
A = B x (C ÷ D)
Where the terms have the following meanings:
A = the Assessment for the newly divided Assessed Property
B = the Assessment for the Assessed Property prior to division
C = the Estimated Buildout Value of the newly divided Assessed Property
D = the sum of the Estimated Buildout Value for all of the newly divided Assessed
Properties
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 34
The calculation of the Assessment of an Assessed Property shall be performed by the
Administrator and shall be based on the Estimated Buildout Value of that Assessed
Property, relying on information from homebuilders, market studies, appraisals, official
public records of the County, and any other relevant information regarding the Assessed
Property, as provided by the Owner. The Estimated Buildout Value for Lot Type 1, Lot
Type 2, Lot Type 3, Lot Type 4, Lot Type 5, Lot Type 6, Lot Type 7, and Lot Type 8 are shown
on Exhibit E and will not change in future Annual Service Plan Updates. The calculation as
confirmed by the City Council shall be conclusive.
The sum of the Assessments for all newly divided Assessed Properties shall equal the
Assessment for the Assessed Property prior to subdivision. The calculation shall be made
separately for each newly divided Assessed Property. The reallocation of an Assessment
for an Assessed Property that is a homestead under Texas law may not exceed the
Assessment prior to the reallocation. Any reallocation pursuant to this section shall be
reflected in the next Annual Service Plan Update and approved by the City Council.
2. Upon Subdivision by a Recorded Subdivision Plat
Upon the subdivision of any Assessed Property based on a recorded subdivision plat, the
Administrator shall reallocate the Assessment for the Assessed Property prior to the
subdivision among the new subdivided Lots based on Estimated Buildout Value according
to the following formula:
A = [B x (C ÷ D)]/E
Where the terms have the following meanings:
A = the Assessment for the newly subdivided Lot
B = the Assessment for the Parcel prior to subdivision
C = the sum of the Estimated Buildout Value of all newly subdivided Lots with same
Lot Type
D = the sum of the Estimated Buildout Value for all of the newly subdivided Lots
excluding Non-Benefitted Property
E= the number of newly subdivided Lots with same Lot Type
Prior to the recording of a subdivision plat, the Owner shall provide the City an Estimated
Buildout Value for each Lot to be create after recording the subdivision plat as of the date
of the subdivision plat is anticipated to be recorded. The calculation of the Assessment
for a Lot shall be performed by the Administrator and confirmed by the City Council based
on Estimated Buildout Value information provided by the Owner, homebuilders, third
party consultants, and/or the official public records of the County regarding the Lot. The
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 35
Estimated Buildout Value for Lot Type 1, Lot Type 2, Lot Type 3, Lot Type 4, Lot Type 5,
Lot Type 6, Lot Type 7, and Lot Type 8 are shown on Exhibit E and will not change in future
Annual Service Plan Updates.
The sum of the Assessments for all newly subdivided Lots shall not exceed the Assessment
for the portion of the Assessed Property subdivided prior to subdivision. The calculation
shall be made separately for each newly subdivided Assessed Property. The reallocation
of an Assessment for an Assessed Property that is a homestead under Texas law may not
exceed the Assessment prior to the reallocation. Any reallocation pursuant to this section
shall be reflected in the next Annual Service Plan Update and approved by the City
Council.
3. Upon Consolidation
If two or more Lots or Parcels are consolidated into a single Parcel or Lot, the
Administrator shall allocate the Assessments against the Lots or Parcels before the
consolidation to the consolidated Lot or Parcel, which allocation shall be reflected in the
next Annual Service Plan Update and approved by the City Council. The Assessment for
any resulting Lot may not exceed the Maximum Assessment for the applicable Lot Type
and compliance may require a mandatory Prepayment of Assessments pursuant to
Section VI.C.
B. Mandatory Prepayment of Assessments
If an Assessed Property or a portion thereof is conveyed to a party that is exempt from payment
of the Assessment under applicable law, or the owner causes a Lot, Parcel or portion thereof to
become Non-Benefitted Property, the owner of such Lot, Parcel or portion there of shall pay to
the City the full amount of the Assessment, plus all Prepayment Costs and Delinquent Collection
Costs for such Assessed Property, prior to any such conveyance or act. Following payment of the
foregoing costs in full, the City shall provide the owner with a recordable “Notice of Assessment
Termination,” a form of which is attached hereto as Exhibit M.
C. True-Up of Assessments if Maximum Assessment Exceeded at Plat
Prior to the City approving a final subdivision plat, the Administrator will certify that such plat
will not result in the Assessment per Lot for any Lot Type to exceed the Maximum Assessment. If
the Administrator determines that the resulting Assessment per Lot for any Lot Type will exceed
the Maximum Assessment for that Lot Type, then (1) the Assessment applicable to each Lot Type
shall each be reduced to the Maximum Assessment, and (2) the person or entity filing the plat
shall pay to the City the amount the Assessment was reduced, plus Prepayment Costs and
Delinquent Collection Costs, if any, prior to the City approving the final plat. The City’s approval
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 36
of a plat without payment of such amounts does not eliminate the obligation of the person or
entity filing the plat to pay such amounts.
D. Reduction of Assessments
If as a result of cost savings or the failure to construct all or a portion of an Authorized
Improvement, the Actual Costs of completed Authorized Improvements are less than the
Assessments, (i) in the event PID Bonds are not issued, the City Council shall reduce each
Assessment on a pro rata basis such that the sum of the resulting reduced Assessments for all
Assessed Property equals the reduced Actual Costs that were expended, or (ii) in the event that
PID Bonds are issued, the Trustee shall apply amounts on deposit in the applicable account of the
Project Fund, relating to the PID Bonds, that are not expected to be used for purposes of the
Project Fund to redeem outstanding PID Bonds, unless otherwise directed by the applicable
Indenture, and the TIRZ No. 3 Annual Credit Amount will be reduced in the same proportion as
the Assessments. Excess PID Bond proceeds shall be applied to redeem outstanding PID Bonds.
The Assessments shall not, however, be reduced to an amount less than the amount required to
pay all debt service requirements on all outstanding PID Bonds.
The Administrator shall update (and submit to the City Council for review and approval as part of
the next Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments
to reflect the reduced Assessments.
E. Prepayment of Assessments
The owner of any Assessed Property may pay, at any time, all or any part of an Assessment in
accordance with the PID Act. Prepayment Costs, if any, may be paid from a reserve established
under the applicable Indenture. If an Annual Installment has been billed, or the Annual Service
Plan Update has been approved by the City Council prior to the Prepayment, the Annual
Installment shall be due and payable and shall be credited against the Prepayment. If an
Assessment on an Assessed Property is prepaid in full, with Prepayment Costs, (1) the
Administrator shall cause the Assessment to be reduced to zero on said Assessed Property and
the Assessment Roll to be revised accordingly; (2) the Administrator shall prepare the revised
Assessment Roll and submit such revised Assessment Roll to the City Council for review and
approval as part of the next Annual Service Plan Update; (3) the obligation to pay the Assessment
and corresponding Annual Installments shall terminate with respect to said Assessed Property;
and (4) the City shall provide the owner with a recordable “Notice of Assessment Termination.”
If an Assessment on an Assessed Property is prepaid in part, with Prepayment Costs: (1) the
Administrator shall cause the Assessment to be reduced on said Assessed Property and the
Assessment Roll revised accordingly; (2) the Administrator shall prepare the revised Assessment
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 37
Roll and submit to the City Council for review and approval as part of the next Annual Service
Plan Update; and (3) the obligation to pay the Assessment will be reduced to the extent of the
Prepayment made.
For purposes of Prepayments, Improvement Area #1 Additional Bonds will be on parity with the
Improvement Area #1 Initial Bonds.
Any Prepayment in full or partial Prepayment of an Improvement Area #1 Assessment, shall be
allocated pro rata between the Improvement Area #1 Initial Bonds and the Improvement Area
#1 Additional Bonds based on the ratio of the outstanding principal amounts of each series of PID
Bonds to the aggregate amount of the outstanding Improvement Area #1 Initial Bonds and
Improvement Area #1 Additional Bonds, as of the date such Prepayment is received.
F. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit F-2
shows the estimated Improvement Area #1 Annual Installments, Exhibit G-3 shows the estimated
Improvement Area #2 Annual Installments, Exhibit H-3 shows the estimated Improvement Area
#3 Annual Installments, and Exhibit I-2 shows the estimated Improvement Area #1 Annual
Installments. Annual Installments are subject to adjustment in each Annual Service Plan Update.
Prior to the recording of a final subdivision plat, if any Parcel shown on an Assessment Roll is
assigned multiple tax parcel identification numbers for billing and collection purposes, the Annual
Installment shall be allocated pro rata based on the acreage of the property not including any
Non-Benefitted Property or non-assessed property, as shown by the Collin Central Appraisal
District for each tax parcel identification number.
The Administrator shall prepare and submit to the City Council for its review and approval 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 updated calculations of
Annual Installments. The Annual Collection Costs for a given Assessment shall be paid by the
owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment
remaining on the Parcel to the total outstanding Assessment. Annual Installments shall be
reduced by any credits applied under an applicable Indenture, such as capitalized interest,
interest earnings on account balances, and any other funds available to the Trustee for such
purposes. Annual Installments shall be collected by the City in the same manner and at the same
time as ad valorem taxes. Annual Installments shall be subject to the penalties, procedures, and
foreclosure sale in case of delinquencies as set forth in the PID Act and in the same manner as ad
valorem taxes due and owing to the City. The City Council may provide for other means of
collecting Annual Installments. Assessments shall have the lien priority specified in the PID Act.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 38
Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien
for the remaining unpaid Annual Installments against the Assessed Property, and the Assessed
Property may again be sold at a judicial foreclosure sale if the purchaser fails to timely pay any of
the remaining unpaid Annual Installments as they become due and payable.
The City reserves the right to refund PID Bonds in accordance with applicable law, including the
PID Act. In the event of a refunding, the City’s Financial Advisor shall recalculate the principal
and interest on such PID Bonds so that total Annual Installments will be sufficient to pay the
refunding bonds, and the refunding bonds shall constitute “PID Bonds.”
Each Annual Installment of an Assessment, including interest on the unpaid principal of the
Assessment, shall be updated annually. Each Annual Installment shall be due when billed and
shall be delinquent if not paid prior to February 1 of the following year. The initial Annual
Installments of the Improvement Area #1 Assessments and Major Improvement Area
Assessments were due when billed and delinquent if not paid prior to February 1, 2022. The initial
Annual Installments of the Improvement Area #2 Assessments, Improvement Area #3
Assessments, and Improvement Area #4 Assessments will be due when billed and delinquent if
not paid prior to February 1, 2027.
Failure of an owner of an Assessed Property to receive an invoice for an Annual Installment on
the property tax bill shall not relieve said owner of the responsibility for payment of the
Assessment. Assessments, or Annual Installments thereof, that are delinquent shall incur
Delinquent Collection Costs. The City may provide for other means of collecting the Annual
Installments to the extent permitted by the PID Act, or other applicable law.
G. Prepayment as a Result of an Eminent Domain Proceeding or Taking
Subject to applicable law, if any portion of any Parcel of Assessed Property is taken from an owner
as a result of eminent domain proceedings or if a transfer of any portion of any Parcel of Assessed
Property is made to an entity with the authority to condemn all or a portion of the Assessed
Property in lieu of or as a part of an eminent domain proceeding (a “Taking”), the portion of the
Assessed Property that was taken or transferred (the “Taken Property”) shall be reclassified as
Non-Benefitted Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph,
the Assessment that was levied against the Assessed Property (when it was included in the Taken
Property) prior to the Taking shall remain in force against the remaining Assessed Property (the
Assessed Property less the Taken Property) (the “Remaining Property”), following the
reclassification of the Taken Property as Non-Benefitted Property, subject to an adjustment of
the Assessment applicable to the Remaining Property after any required Prepayment as set forth
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 39
below. The owner of the Remaining Property will remain liable to pay in Annual Installments, or
payable as otherwise provided by this 2026 Amended and Restated Service and Assessment Plan,
as updated, or the PID Act, the Assessment that remains due on the Remaining Property, subject
to an adjustment in the Assessment applicable to the Remaining Property after any required
Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains
due on the Remaining Property exceeds the applicable Maximum Assessment, the owner of the
Remaining Property will be required to make a Prepayment in an amount necessary to ensure
that the Assessment against the Remaining Property does not exceed such Maximum
Assessment, in which case the Assessment applicable to the Remaining Property will be reduced
by the amount of the partial Prepayment. If the City receives all or a portion of the eminent
domain proceeds (or payment made in an agreed sale in lieu of condemnation), such amount
shall be credited against the amount of prepayment, with any remainder credited against the
assessment on the Remainder Property.
In all instances the Assessment remaining on the Remaining Property shall not exceed the
applicable Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100
Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be
reclassified as Non-Benefitted Property and the remaining 90 acres of Remaining Property shall
be subject to the $100 Assessment (provided that this $100 Assessment does not exceed the
Maximum Assessment on the Remaining Property). If the Administrator determines that the
$100 Assessment reallocated to the Remaining Property would exceed the Maximum
Assessment, as applicable, on the Remaining Property by $10, then the owner shall be required
to pay $10 as a Prepayment of the Assessment against the Remaining Property and the
Assessment on the Remaining Property shall be adjusted to be $90.
Notwithstanding the previous paragraphs in this subsection, if the owner of the Taken Property
notifies the City and the Administrator that the Taking prevents the Remaining Property from
being developed for any use which could support the Estimated Buildout Value requirement, the
owner shall, upon receipt of the compensation for the Taken Property, be required to prepay the
amount of the Assessment required to buy down the outstanding Assessment to the applicable
Maximum Assessment on the Remaining Property to support the Estimated Buildout Value
requirement. Said owner will remain liable to pay the Annual Installments on both the Taken
Property and the Remaining Property until such time that such Assessment has been prepaid in
full.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 40
Notwithstanding the previous paragraphs in this subsection, the Assessments shall never be
reduced to an amount less than the amount required to pay all outstanding debt service
requirements on all outstanding PID Bonds.
SECTION VII: ASSESSMENT ROLL
The Improvement Area #1 Assessment Roll is attached as Exhibit F-1. The Improvement Area #2
Assessment Roll is attached as Exhibit G-1. The Improvement Area #2 Assessment Roll by block
and lot is attached as Exhibit G-2 for illustrative purposes only. The Improvement Area #3
Assessment Roll is attached as Exhibit H-1. The Improvement Area #3 Assessment Roll by block
and lot is attached as Exhibit H-2 for illustrative purposes only. The Improvement Area #4
Assessment Roll is attached as Exhibit I-1. The Major Improvement Area Assessment Roll is
attached as Exhibit J. The Administrator shall prepare and submit to the City Council for review
and approval proposed revisions to the Assessment Rolls and Annual Installments for each Parcel
as part of each Annual Service Plan Update.
SECTION VIII: ADDITIONAL PROVISIONS
A. Calculation Errors
If the owner of a Parcel claims that an error has been made in any calculation required by this
2026 Amended and Restated Service and Assessment Plan, including, but not limited to, any
calculation made as part of any Annual Service Plan Update, said owner’s sole and exclusive
remedy shall be to submit a written notice of error to the Administrator by December 1st of the
year following City Council’s approval of the calculation. Otherwise, said owner shall be deemed
to have unconditionally approved and accepted the calculation. The Administrator shall provide
a written response to the City Council and the owner not later than 30 days of such receipt of a
written notice of error by the Administrator. The City Council shall consider the owner’s notice
of error and the Administrator’s response at a public meeting, and not later than 30 days after
closing such meeting, the City Council shall make a final determination as to whether an error
has been made. If the City Council determines that an error has been made, the City Council take
such corrective action as is authorized by the PID Act, this 2026 Amended and Restated Service
and Assessment Plan, the applicable Assessment Ordinance, the applicable Indenture, or as
otherwise authorized by the discretionary power of the City Council. The determination by the
City Council as to whether an error has been made, and any corrective action taken by the City
Council, shall be final and binding on the owner and the Administrator.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 41
B. Amendments
Amendments to this 2026 Amended and Restated Service and Assessment Plan must be made
by the City Council in accordance with the PID Act. To the extent permitted by the PID Act, this
2026 Amended and Restated Service and Assessment Plan may be amended without notice to
owners of the Assessed Property: (1) to correct mistakes and clerical errors; (2) to clarify
ambiguities; and (3) to provide procedures to collect Assessments, Annual Installments, and
other charges imposed by this 2026 Amended and Restated Service and Assessment Plan.
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this 2026
Amended and Restated Service and Assessment Plan; (2) administer the District for and on behalf
of and at the direction of the City Council; and (3) interpret the provisions of this 2026 Amended
and Restated Service and Assessment Plan. Interpretations of this 2026 Amended and Restated
Service and Assessment Plan by the Administrator shall be in writing and shall be appealable to
the City Council by owners of Assessed Property adversely affected by the interpretation.
Appeals shall be decided by the City Council after holding a public meeting at which all interested
parties have an opportunity to be heard. Decisions by the City Council shall be final and binding
on the owners of Assessed Property and developers and their successors and assigns.
D. Form of Buyer Disclosure; Filing Requirements
Per Section 5.014 of the Texas Property Code, as amended, this 2026 Amended and Restated
Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form
of the buyer disclosures for the district. The buyer disclosures are attached hereto as Appendix
B. Within seven days of approval by the City Council, the City shall file and record in the real
property records of the County the executed ordinance of this 2026 Amended and Restated
Service and Assessment Plan, or any future Annual Service Plan Updates. The executed
ordinance, including any attachments, approving this Service an Assessment Plan or any future
Annual Service Plan Updates shall be filed and recorded in their entirety.
E. Severability
If any provision of this 2026 Amended and Restated Service and Assessment Plan is determined
by a governmental agency or court to be unenforceable, the unenforceable provision shall be
deleted and, to the maximum extent possible, shall be rewritten to be enforceable. Every effort
shall be made to enforce the remaining provisions.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 42
SECTION IX: ADDITIONAL INFORMATION
The following information shall serve as the Annual Service Plan Update for Improvement Area
#1 and the Major Improvement Area.
A. Parcel Subdivision
Improvement Area #1
• The final plat of The Villages of Hurricane Creek – North, Phase 1 was filed and recorded
with the County as document number 2023010000160 on April 20, 2023, and consists of
344 residential Lots and 12 Lots of Non-Benefited Property.
• The final plat of The Villages of Hurricane Creek – North, Phase 1A was filed and recorded
with the County as document number 2023010000161 on April 20, 2023, and consists of
155 residential Lots and 9 Lots of Non-Benefited Property.
• The replat of The Villages of Hurricane Creek – North, Phase 1A Lots 37R-44R & 26XR,
Block W was filed and recorded with the County as document number 2024010000144
on March 26, 2024.
See the completed Lot Type classification summary within Improvement Area #1 below:
See Exhibit A-1 for the map of the District showing Lot Type classifications.
B. Lot and Home Sales
Per the Quarterly Report dated December 31, 2025, the Lot ownership composition is provided
below:
Lot Type Number of
Lots
Lot Type 1 69
Lot Type 2 340
Lot Type 3 18
Lot Type 4 72
Total 499
Improvement Area #1
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 43
Improvement Area #1
See Appendix B for the buyer disclosures.
C. Authorized Improvements
Improvement Area #1
The Owner has completed the Authorized Improvements listed in the 2021 Service and
Assessment Plan and they were dedicated to the City.
Major Improvement Area
The Owner has completed the Authorized Improvements listed in the 2021 Service and
Assessment Plan and they were dedicated to the City.
Private Costs
The Owner has completed the Private Improvements listed in the 2021 Service and Assessment
Plan and they were dedicated to the City.
D. Outstanding Assessments
Improvement Area #1
Net of the principal bond payment due September 15, Improvement Area #1 has an outstanding
Assessment of $12,172,000.00, of which $8,648,000.00 is attributable to the Improvement Area
#1 Initial Bonds and $3,524,000.00 is attributable to the Improvement Area #1 Additional Bonds.
Major Improvement Area
The Major Improvement Area Assessment was prepaid in full. As a result, no outstanding
Assessment remains with respect to the Major Improvement Area Assessment, and no further
Annual Installments thereof shall be due after such Prepayment.
Lot Type Developer
Owned
Homebuilder
Owned
End-User
Owned
Lot Type 1 3 32 34
Lot Type 2 22 36 282
Lot Type 3 0 0 18
Lot Type 4 14 17 41
Total 39 85 375
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 44
E. TIRZ No. 3 Annual Credit
Improvement Area #1
The City Council, in accordance with the TIRZ No. 3 TIRZ Agreement, has agreed to use a portion
of TIRZ No. 3 TIRZ Revenues generated to reduce the Improvement Area #1 Annual Installment
for all Improvement Area #1 Assessed Property so that the Improvement Area #1 Annual
Installment minus the TIRZ No. 3 Annual Credit Amount for each Lot Type does not produce an
equivalent tax rate which exceeds the competitive composite ad valorem equivalent tax rate
taking into consideration the tax rates of all applicable taxing units and the equivalent tax rate of
the Improvement Area #1 Annual Installments. The resulting Maximum TIRZ No. 3 Annual Credit
Amount for each Lot Type is shown below.
F. Annual Installment Due 1/31/2027
Improvement Area #1
Improvement Area #1 Initial Bond – Principal and Interest – The total principal and
interest required for the Annual Installment related to the Improvement Area #1 Initial
Bond is $558,575.00.
Improvement Area #1 Additional Bond – Principal and Interest – The total principal and
interest required for the Annual Installment related to the Improvement Area #1
Additional Bond is $262,115.00.
Additional Interest – Additional Interest is collected to fund the Delinquency and
Prepayment Reserve Account. The Delinquency and Prepayment Reserve Requirement,
as defined in the applicable Indenture related to the Improvement Area #1 Initial Bonds
and Improvement Area #1 Additional Bonds, is equal to $418,659.50 and has not been
met. As such, the Delinquency and Prepayment Reserve Account will be funded with
Additional Interest on the outstanding Assessment, resulting in an Additional Interest for
Improvement Area #1 Annual Installment of $60,860.00.
Lot Type
TIRZ No. 3 Maximum
Annual Credit Amount
per Unit
Improvement Area #1
Lot Type 1 (40') $0.00
Lot Type 2 (50') $0.00
Lot Type 3 (60') $0.00
Lot Type 4 (Townhomes) $0.00
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 45
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 Annual Installment for Improvement Area #1 is $55,079.64.
G. Prepayment of Assessment in Full
Improvement Area #1
No full prepayments have occurred within Improvement Area #1.
Major Improvement Area
P3Works Administration 40,602.18$
City Auditor 2,043.04$
City Administration 3,000.00$
Filing Fees 817.21$
County Collection 817.21$
PID Trustee Fees 10,000.00$
Dissemination Agent 4,000.00$
P3Works CDA Review 2,300.00$
Collection Cost Maintenance Balance 10,000.00$
CCMB Credit (20,000.00)$
Arbitrage Calculation 1,500.00$
Total Annual Collection Costs 55,079.64$
Annual Collection Costs Breakdown
Improvement Area #1
Improvement Area #1 Initial Bonds
Principal 204,000.00$
Interest 354,575.00$
558,575.00$
Improvement Area #1 Additional Bonds
Principal 69,000.00$
Interest 193,115.00$
262,115.00$
Additional Interest 60,860.00$
Annual Collection Costs 55,079.64$
Total Annual Installment 936,629.64$
Improvement Area #1
Due January 31, 2027
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 46
The Major Improvement Area Assessment has been prepaid in full.
H. Partial Prepayment of Assessments
Improvement Area #1
No partial prepayments have occurred within Improvement Area #1.
I. Extraordinary Optional Redemption
Major Improvement Area
Information relating to any redemptions, including extraordinary optional redemption of any PID
Bonds, may be available through continuing disclosure filings accessible via EMMA website by
searching for the District.
[Remainder of page intentionally left blank.]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 47
EXHIBITS
The following Exhibits are attached to and made a part of this 2026 Amended and Restated
Service and Assessment Plan for all purposes:
Exhibit A-1 Map of the District
Exhibit A-2 Map of Improvement Area #1 and the Major Improvement Area
Exhibit A-3 Map of Improvement Area #2, Improvement Area #3, and Improvement
Area #4
Exhibit A-4 Lot Type Classification Map - Improvement Area #2, Improvement Area #3,
and Improvement Area #4
Exhibit B Project Costs
Exhibit C Service Plan
Exhibit D Sources and Uses of Funds
Exhibit E Maximum Assessment and Tax Rate Equivalent
Exhibit F-1 Improvement Area #1 Assessment Roll
Exhibit F-2 Improvement Area #1 Annual Installments
Exhibit G-1 Improvement Area #2 Assessment Roll
Exhibit G-2 Improvement Area #2 Assessment Roll by Block and Lot
Exhibit G-3 Improvement Area #2 Annual Installments
Exhibit H-1 Improvement Area #3 Assessment Roll
Exhibit H-2 Improvement Area #3 Assessment Roll by Block and Lot
Exhibit H-3 Improvement Area #3 Annual Installments
Exhibit I-1 Improvement Area #4 Assessment Roll
Exhibit I-2 Improvement Area #4 Annual Installments
Exhibit J Major Improvement Area Assessment Roll
Exhibit K-1 Maps of Major Improvements
Exhibit K-2 Maps of Improvement Area #1 Improvements
Exhibit K-3 Maps of Improvement Area #2 Improvements
Exhibit K-4 Maps of Improvement Area #3 Improvements
Exhibit K-5 Maps of Improvement Area #4 Improvements
Exhibit L TIRZ No. 3 Annual Credit Amount by Lot Type
Exhibit M Form of Notice of Assessment Termination
Exhibit N-1 Debt Service Schedules for Improvement Area #1 Initial Bonds
Exhibit N-2 Debt Service Schedules for Improvement Area #1 Additional Bonds
Exhibit N-3 Debt Service Schedules for Improvement Area #2-4 Bonds
Exhibit O-1 District Legal Description
Exhibit O-2 Improvement Area #1 Legal Description
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 48
Exhibit O-3 Improvement Area #2 Legal Description
Exhibit O-4 Improvement Area #3 Legal Description
Exhibit O-5 Improvement Area #4 Legal Description
Exhibit O-6 Major Improvement Area Legal Description
APPENDICES
The following Appendices are attached to and made a part of this 2026 Amended and Restated
Service and Assessment Plan for all purposes:
Appendix A Engineer’s Report
Appendix B Buyer Disclosures
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 49
EXHIBIT A-1 – MAP OF THE DISTRICT
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 50
EXHIBIT A-2 – MAP OF IMPROVEMENT AREA #1 AND THE MAJOR IMPROVEMENT AREA
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 51
EXHIBIT A-3 – MAP OF IMPROVEMENT AREA #2, IMPROVEMENT AREA #3, AND IMPROVEMENT AREA #4
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 52
EXHIBIT A-4 – LOT TYPE CLASSIFICATION MAP - IMPROVEMENT AREA #2, IMPROVEMENT AREA #3, AND
IMPROVEMENT AREA #4
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 53
EXHIBIT B – PROJECT COSTS
Footnotes:
[a] The costs of the Improvement Area #1 Improvements and the Major Improvements are as provided and determined in the 2018 Assessment Ordinances and updated in the 2025
Amended and Restated Service and Assessment Plan. The costs of Improvement Area #2 Improvements, Improvement Area #3 Improvements, and Improvement Area #4 Improvements
are as provided in the Engineer's Report dated 11/4/2025 and subject to change, attached hereto as Appendix A. Authorized Improvement costs are estimates and will be updated with
each Annual Service Plan Update, or the Service and Assessment Plan as amended.
[b] Miscellaneous costs and soft costs include entitlements, development agreement, district creation, engineering & surveying, SWPPP, preliminary platting fee, final platting fee,
maintenance bond, engineering review fee, inspection fee, and geotechnical testing.
[c] The Major Improvements were allocated between Improvement Area #1 and the Major Improvement Area at the time the City Council approved the 2018 Assessment Ordinance based
on the ratio of Estimated Buildout Value of each area to the Estimated Buildout Value of the District.
[d] Includes the fee of counsel to the Underwriter.
% Cost % Cost % Cost % Cost % Cost
Major Improvements[c]
Water 621,765$ -$ 621,765$ 50.96% 316,872$ 0.00% -$ 0.00% -$ 0.00% -$ 49.04% 304,893$
Sanitary Sewer 281,025 - 281,025 50.96% 143,220 0.00% - 0.00% - 0.00% - 49.04% 137,805
Storm Drainage 653,700 - 653,700 50.96% 333,147 0.00% - 0.00% - 0.00% - 49.04% 320,553
Street 1,673,701 - 1,673,701 50.96% 852,974 0.00% - 0.00% - 0.00% - 49.04% 820,727
Soft Costs[b]1,264,720 - 1,264,720 50.96% 644,544 0.00% - 0.00% - 0.00% - 49.04% 620,176
Contingency 113,172 - 113,172 50.96% 57,676 0.00% - 0.00% - 0.00% - 49.04% 55,496
4,608,083$ -$ 4,608,083$ 2,348,433$ -$ -$ -$ 2,259,650$
Improvement Area #1 Improvements
Water 1,130,975$ -$ 1,130,975$ 100.00% 1,130,975$ 0.00% -$ 0.00% -$ 0.00% -$ 0.00% -$
Sanitary Sewer 1,515,886 - 1,515,886 100.00% 1,515,886 0.00% - 0.00% - 0.00% - 0.00% -
Storm Drainage 928,453 - 928,453 100.00% 928,453 0.00% - 0.00% - 0.00% - 0.00% -
Street 4,120,809 - 4,120,809 100.00% 4,120,809 0.00% - 0.00% - 0.00% - 0.00% -
Soft Costs[b]1,431,205 - 1,431,205 100.00% 1,431,205 0.00% - 0.00% - 0.00% - 0.00% -
Contingency 188,896 - 188,896 100.00% 188,896 0.00% - 0.00% - 0.00% - 0.00% -
9,316,223$ -$ 9,316,223$ 9,316,223$ -$ -$ -$ -$
Improvement Area #2 Improvements
Water 494,147$ -$ 494,147$ 0.00% -$ 100.00% 494,147$ 0.00% -$ 0.00% -$ 0.00% -$
Sanitary Sewer 444,037 - 444,037 0.00% - 100.00% 444,037 0.00% - 0.00% - 0.00% -
Storm Drainage 342,204 - 342,204 0.00% - 100.00% 342,204 0.00% - 0.00% - 0.00% -
Street 1,362,540 - 1,362,540 0.00% - 100.00% 1,362,540 0.00% - 0.00% - 0.00% -
District Formation Costs 130,000 - 130,000 0.00% - 100.00% 130,000 0.00% - 0.00% - 0.00% -
Soft Costs[b]381,388 - 381,388 0.00% - 100.00% 381,388 0.00% - 0.00% - 0.00% -
3,154,316$ -$ 3,154,316$ -$ 3,154,316$ -$ -$ -$
Improvement Area #3 Improvements
Water 377,616$ -$ 377,616$ 0.00% -$ 0.00% -$ 100.00% 377,616$ 0.00% -$ 0.00% -$
Sanitary Sewer 388,073 - 388,073 0.00% - 0.00% - 100.00% 388,073 0.00% - 0.00% -
Storm Drainage 234,260 - 234,260 0.00% - 0.00% - 100.00% 234,260 0.00% - 0.00% -
Street 645,546 - 645,546 0.00% - 0.00% - 100.00% 645,546 0.00% - 0.00% -
District Formation Costs 105,000 - 105,000 0.00% - 0.00% - 100.00% 105,000 0.00% - 0.00% -
Soft Costs[b]333,432 - 333,432 0.00% - 0.00% - 100.00% 333,432 0.00% - 0.00% -
2,083,927$ -$ 2,083,927$ -$ -$ 2,083,927$ -$ -$
Improvement Area #4 Improvements
Water 392,946$ -$ 392,946$ 0.00% -$ 0.00% -$ 0.00% -$ 100.00% 392,946$ 0.00% -$
Sanitary Sewer 344,196 - 344,196 0.00% - 0.00% - 0.00% - 100.00% 344,196 0.00% -
Storm Drainage 244,379 - 244,379 0.00% - 0.00% - 0.00% - 100.00% 244,379 0.00% -
Street 1,194,908 - 1,194,908 0.00% - 0.00% - 0.00% - 100.00% 1,194,908 0.00% -
District Formation Costs 135,000 - 135,000 0.00% - 0.00% - 0.00% - 100.00% 135,000 0.00% -
Soft Costs[b]416,806 - 416,806 0.00% - 0.00% - 0.00% - 100.00% 416,806 0.00% -
2,728,234$ -$ 2,728,234$ -$ -$ -$ 2,728,234$ -$
Private Costs
Earthwork 2,243,284$ 2,243,284$ -$ 0.00% -$ 0.00% -$ 0.00% -$ 0.00% -$ 0.00% -$
Retaining Walls 1,994,505 1,994,505 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% -
Screen Walls and Entry Monument 500,000 500,000 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% -
Landscaping and Irrigation 800,000 800,000 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% -
Miscellaneous[b]1,443,640 1,443,640 - 0.00% - 0.00% - 0.00% - 0.00% - 0.00% -
6,981,429$ 6,981,429$ -$ -$ -$ -$ -$ -$
Bond Issuance Costs - IA#1 Initial Bonds and MIA Bonds
Debt Service Reserve Fund 773,690$ -$ 773,690$ 575,460$ -$ -$ -$ 198,230$
Capitalized Interest 705,464 - 705,464 409,547 - - - 295,917
Underwriter's Discount 245,920 - 245,920 188,000 - - - 57,920
Underwriter's Counsel 122,960 - 122,960 94,000 - - - 28,960
Cost of Issuance 763,286 - 763,286 569,883 - - - 193,404
2,611,321$ -$ 2,611,321$ 1,836,890$ -$ -$ -$ 774,431$
Bond Issuance Costs - IA#1 Additional Bonds
Debt Service Reserve Fund 278,451$ -$ 278,451$ 278,451$ -$ -$ -$ -$
Underwriter's Discount 107,790 - 107,790 107,790 - - - -
Cost of Issuance 269,918 - 269,918 269,918 - - - -
PID Administration Bond Preparation 12,290 - 12,290 12,290 - - - -
668,450$ -$ 668,450$ 668,450$ -$ -$ -$ -$
Bond Issuance Costs - Improvement Area #2-4 Bonds
Debt Service Reserve Fund 718,502$ -$ 718,502$ -$ 278,977$ 178,371$ 261,154$ -$
Capitalized Interest 266,667 - 266,667 - - - 266,667 -
Underwriter's Discount[d]296,310 - 296,310 - 115,050 73,560 107,700 -
Cost of Issuance 663,092 - 663,092 - 257,463 164,615 241,015 -
1,944,571$ -$ 1,944,571$ -$ 651,489$ 416,546$ 876,536$ -$
Other Costs
Deposit to Administrative Fund 190,000$ -$ -$ 35,000$ 40,000$ 40,000$ 40,000$ 35,000$
190,000$ -$ -$ 35,000$ 40,000$ 40,000$ 40,000$ 35,000$
Total 34,286,555$ 6,981,429$ 27,115,125$ 14,204,996$ 3,845,805$ 2,540,473$ 3,644,770$ 3,069,081$
Private Costs
Improvement Area #1
Projects
Major Improvement
Area ProjectsTotal Costs[a]
Improvement Area #2
Projects
Improvement Area #3
Projects
Improvement Area #4
ProjectsAuthorized
Improvements
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 54
EXHIBIT C – SERVICE PLAN
Annual Installment Due 1/31/2027 1/31/2028 1/31/2029 1/31/2030 1/31/2031
Improvement Area #1 Initial Bonds
Principal $ 204,000.00 $ 212,000.00 $ 220,000.00 $ 228,000.00 $ 237,000.00
Interest 354,575.00 346,925.00 338,975.00 330,725.00 322,175.00
(1) $ 558,575.00 $ 558,925.00 $ 558,975.00 $ 558,725.00 $ 559,175.00
Improvement Area #1 Additional Bonds
Principal $ 69,000.00 $ 72,000.00 $ 76,000.00 $ 79,000.00 $ 83,000.00
Interest 193,115.00 190,010.00 186,770.00 183,350.00 179,795.00
(2) $ 262,115.00 $ 262,010.00 $ 262,770.00 $ 262,350.00 $ 262,795.00
Additional Interest (3) $ 60,860.00 $ 59,495.00 $ 58,075.00 $ 56,595.00 $ 55,060.00
Annual Collection Costs (4) $ 55,079.64 $ 64,851.23 $ 66,148.26 $ 67,471.22 $ 68,820.65
Total Annual Installment (5) = (1) + (2) + (3) + (4) $936,629.64 $945,281.23 $945,968.26 $945,141.22 $ 945,850.65
Improvement Area #1
Annual Installment Due 1/31/2027 1/31/2028 1/31/2029 1/31/2030 1/31/2031
Improvement Area #2-4 Bonds
Principal $ 4,000.00 $ 57,000.00 $ 60,000.00 $ 63,000.00 $ 66,000.00
Interest 284,865.93 231,775.50 228,327.00 224,697.00 220,885.50
Capitalized Interest - - - - -
(1) $ 288,865.93 $ 288,775.50 $ 288,327.00 $ 287,697.00 $ 286,885.50
Additional Interest (2) $ 19,175.00 $ 19,155.00 $ 18,870.00 $ 18,570.00 $ 18,255.00
Annual Collection Costs (3) $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29
Total Annual Installment (4) = (1) + (2) + (3) $348,040.93 $348,730.50 $348,813.00 $348,715.32 $ 348,437.79
Improvement Area #2
Annual Installment Due 1/31/2027 1/31/2028 1/31/2029 1/31/2030 1/31/2031
Improvement Area #2-4 Bonds
Principal $ 6,000.00 $ 40,000.00 $ 41,000.00 $ 43,000.00 $ 45,000.00
Interest 182,135.92 147,983.00 145,563.00 143,082.50 140,481.00
Capitalized Interest - - - - -
(1) $ 188,135.92 $ 187,983.00 $ 186,563.00 $ 186,082.50 $ 185,481.00
Additional Interest (2) $ 12,260.00 $ 12,230.00 $ 12,030.00 $ 11,825.00 $ 11,610.00
Annual Collection Costs (3) $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29
Total Annual Installment (4) = (1) + (2) + (3) $240,395.92 $241,013.00 $240,209.00 $240,355.82 $ 240,388.29
Improvement Area #3
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 55
Annual Installment Due 1/31/2027 1/31/2028 1/31/2029 1/31/2030 1/31/2031
Improvement Area #2-4 Bonds
Principal $ - $ 54,000.00 $ 57,000.00 $ 59,000.00 $ 62,000.00
Interest 266,667.19 217,195.00 213,928.00 210,479.50 206,910.00
Capitalized Interest (266,667.19) - - - -
(1) $ - $ 271,195.00 $ 270,928.00 $ 269,479.50 $ 268,910.00
Additional Interest (2) $ 17,950.00 $ 17,950.00 $ 17,680.00 $ 17,395.00 $ 17,100.00
Annual Collection Costs (3) $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29
Total Annual Installment (4) = (1) + (2) + (3) $ 57,950.00 $329,945.00 $330,224.00 $329,322.82 $ 329,307.29
Improvement Area #4
Annual Installment Due 1/31/2027 1/31/2028 1/31/2029 1/31/2030 1/31/2031
Principal $ - $ - $ - $ - $ -
Interest - - - - -
(1) $ - $ - $ - $ - $ -
Additional Interest (2) $ - $ - $ - $ - $ -
Annual Collection Costs (3) $ - $ - $ - $ - $ -
Total Annual Installment (4) = (1) + (2) + (3) $ - $ - $ - $ - $ -
Footnotes:
[g] The Major Improvement Area Assessment was prepaid in full. As a result, no outstanding Assessment remains with respect to the
Major Improvement Area Assessment, and no further Annual Installments thereof shall be due after such Prepayment.
Major Improvement Area[d]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 56
EXHIBIT D – SOURCES AND USES OF FUNDS
Footnotes:
[a] Not to be reimbursed to the Developer through proceeds from the Assessments. To be funded privately.
[b] Not PID eligible. To be privately funded by the Developer.
[c] Improvement Area #2-4 Bonds Bond Issuance Costs and Other Costs are preliminary estimates and subject to change.
[d] The Major Improvement Area Bonds have been paid and satisfied in full by Extraordinary Optional Redemption dated May 15, 2026.
Privately
Funded
Improvement
Area #1
Improvement
Area #2
Improvement
Area #3
Improvement
Area #4
Major
Improvement
Area Total
Improvement Area #1 Initial Bond -$ 9,400,000$ -$ -$ -$ -$ 9,400,000$
Improvement Area #1 Initial Bond Original Issue Discount - (20,470) - - - - (20,470)
Improvement Area #1 Reimbursement Obligation - 1,016 - - - - 1,016
Improvement Area #1 Additional Bonds - 3,593,000 - - - - 3,593,000
Improvement Area #2-4 Bonds - - 3,835,000 2,452,000 3,590,000 - 9,877,000
Major Improvement Area Bond[d]- - - - - 2,896,000 2,896,000
Original Issue Discount - (15,841) - - - - (15,841)
Developer Contribution[a]- 1,247,291 10,805 88,473 54,770 173,081 1,574,420
Developer Contribution - Private Costs[b]6,981,429 - - - - - 6,981,429
Total Sources 6,981,429$ 14,204,996$ 3,845,805$ 2,540,473$ 3,644,770$ 3,069,081$ 34,286,555$
Major Improvements -$ 2,348,433$ -$ -$ -$ 2,259,650$ 4,608,083$
Improvement Area #1 Improvements - 9,316,223 - - - - 9,316,223
Improvement Area #2 Improvements - - 3,154,316 - - - 3,154,316
Improvement Area #3 Improvements - - - 2,083,927 - - 2,083,927
Improvement Area #4 Improvements - - - - 2,728,234 - 2,728,234
Private Costs[b]6,981,429 - - - - - 6,981,429
6,981,429$ 11,664,656$ 3,154,316$ 2,083,927$ 2,728,234$ 2,259,650$ 28,872,214$
Bond Issuance Costs - IA#1 Initial Bonds and MIA Bonds
Debt Service Reserve Fund -$ 575,460$ -$ -$ -$ 198,230$ 773,690$
Capitalized Interest - 409,547 - - - 295,917 705,464
Underwriter's Discount - 188,000 - - - 57,920 245,920
Underwriter's Counsel - 94,000 - - - 28,960 122,960
Costs of Issuance - 569,883 - - - 193,404 763,286
-$ 1,836,890$ -$ -$ -$ 774,431$ 2,611,321$
Bond Issuance Costs - IA#1 Additional Bonds
Debt Service Reserve Fund -$ 278,451$ -$ -$ -$ -$ 278,451$
Underwriter's Discount - 107,790 - - - - 107,790
Costs of Issuance - 269,918 - - - - 269,918
PID Administration Bond Preparation - 12,290 - - - - 12,290
-$ 668,450$ -$ -$ -$ -$ 668,450$
Bond Issuance Costs - Improvement Area #2-4 Bonds [c]
Debt Service Reserve Fund -$ -$ 278,977$ 178,371$ 261,154$ -$ 718,502$
Capitalized Interest - - - - 266,667 - 266,667
Underwriter's Discount - - 115,050 73,560 107,700 - 296,310
Cost of Issuance - - 257,463 164,615 241,015 - 663,092
-$ -$ 651,489$ 416,546$ 876,536$ -$ 1,944,571$
Other Costs [c]
Deposit to Administrative Fund -$ 35,000$ 40,000$ 40,000$ 40,000$ 35,000$ 190,000$
-$ 35,000$ 40,000$ 40,000$ 40,000$ 35,000$ 190,000$
Total Uses 6,981,429$ 14,204,996$ 3,845,805$ 2,540,473$ 3,644,770$ 3,069,081$ 34,286,555$
Sources of Funds
Uses of Funds
Improvement Area #2-4 Bonds
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 57
EXHIBIT E – MAXIMUM ASSESSMENT AND TAX RATE EQUIVALENT
Footnotes:
[a] Estimated Buildout Value for each Lot Type within Improvement Area #1 reflects estimated values at the time of the City Council’s approval of the 2021 Assessment Ordinance. Improvement
Area #2, Improvement Area #3, and Improvement Area #4 Estimated Buildout Values are as provided by the Developer, dated 11/4/2025.
[b] The Improvement Area #1 Average Annual Installment at the time the City Council approved the 2025 Amended and Restated Service and Assessment Plan.
[c] The Major Improvement Area Assessment was prepaid in full. As a result, no outstanding Assessment remains with respect to the Major Improvement Area Assessment, and no further
Annual Installments thereof shall be due after such Prepayment.
Per Unit Total Total Total Total Per Unit Total Per Unit Total
Improvement Area #1
Lot Type 1 69 240,000$ 16,560,000$ 1,087,006$ 442,947$ 22,173.24$ 1,529,954$ 1,740.85$ 120,119$ 0.7254$
Lot Type 2 340 273,750$ 93,075,000$ 6,109,486$ 2,489,573$ 25,291.35$ 8,599,060$ 1,985.66$ 675,123$ 0.7254$
Lot Type 3 18 328,500$ 5,913,000$ 388,132$ 158,161$ 30,349.62$ 546,293$ 2,382.79$ 42,890$ 0.7254$
Lot Type 4 72 225,000$ 16,200,000$ 1,063,376$ 433,318$ 20,787.41$ 1,496,694$ 1,632.05$ 117,507$ 0.7254$
Improvement Area #1 Total 499 131,748,000$ 8,648,000$ 3,524,000$ 12,172,000$ 955,639$
Improvement Area #2
Lot Type 5 4 450,000$ 1,800,000$ 189,383$ -$ 47,345.68$ 189,383$ 4,301.46$ 17,206$ 0.9559$
Lot Type 6 63 550,000$ 34,650,000$ 3,645,617$ -$ 57,866.94$ 3,645,617$ 5,257.34$ 331,212$ 0.9559$
Improvement Area #2 Total 67 36,450,000$ 3,835,000$ -$ 3,835,000$ 348,418$
Improvement Area #3
Lot Type 7 72 350,000$ 25,200,000$ 2,452,000$ -$ 34,055.56$ 2,452,000$ 3,341.51$ 240,589$ 0.9547$
Improvement Area #3 Total 72 25,200,000$ 2,452,000$ -$ 2,452,000$ 240,589$
Improvement Area #4
Lot Type 8 115 300,000$ 34,500,000$ 3,590,000$ -$ 31,217.39$ 3,590,000$ 2,866.40$ 329,636$ 0.9555$
Improvement Area #4 Total 115 34,500,000$ 3,590,000$ -$ 3,590,000$ 329,636$
Future Improvement Area Total 160 62,271,750$ -$ -$ -$
Major Improvement Area Total 414 158,421,750$ -$ -$ -$
Grand Total 913 290,169,750$ 18,525,000$ 3,524,000$ -$ 22,049,000$
Major
Improvement
Area Bonds[c]
Assessments
Estimated Buildout Value[a]Total Assessment Average Annual
Installment[b]Lot Type Units PID TRE
Improvement
Area
PID Bonds
Additional Bonds
Major Improvement Area
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 58
EXHIBIT F-1 – IMPROVEMENT AREA #1 ASSESSMENT ROLL
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 59
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 60
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 61
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 62
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 63
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 64
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 65
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 66
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 67
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 68
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 69
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 70
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 71
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 72
EXHIBIT F-2 – IMPROVEMENT AREA #1 ANNUAL INSTALLMENTS
Principal Interest[a]Principal Interest[b]
2027 204,000.00$ 354,575.00$ 69,000.00$ 193,115.00$ 60,860.00$ 55,079.64$ 936,629.64$
2028 212,000.00$ 346,925.00$ 72,000.00$ 190,010.00$ 59,495.00$ 64,851.23$ 945,281.23$
2029 220,000.00$ 338,975.00$ 76,000.00$ 186,770.00$ 58,075.00$ 66,148.26$ 945,968.26$
2030 228,000.00$ 330,725.00$ 79,000.00$ 183,350.00$ 56,595.00$ 67,471.22$ 945,141.22$
2031 237,000.00$ 322,175.00$ 83,000.00$ 179,795.00$ 55,060.00$ 68,820.65$ 945,850.65$
2032 247,000.00$ 313,287.50$ 88,000.00$ 176,060.00$ 53,460.00$ 70,197.06$ 948,004.56$
2033 257,000.00$ 303,407.50$ 92,000.00$ 172,100.00$ 51,785.00$ 71,601.00$ 947,893.50$
2034 268,000.00$ 293,127.50$ 96,000.00$ 167,960.00$ 50,040.00$ 73,033.02$ 948,160.52$
2035 279,000.00$ 282,407.50$ 101,000.00$ 163,640.00$ 48,220.00$ 74,493.68$ 948,761.18$
2036 290,000.00$ 271,247.50$ 106,000.00$ 159,095.00$ 46,320.00$ 75,983.56$ 948,646.06$
2037 302,000.00$ 259,647.50$ 113,000.00$ 153,132.50$ 44,340.00$ 77,503.23$ 949,623.23$
2038 315,000.00$ 247,567.50$ 120,000.00$ 146,776.26$ 42,265.00$ 79,053.29$ 950,662.05$
2039 328,000.00$ 234,967.50$ 127,000.00$ 140,026.26$ 40,090.00$ 80,634.36$ 950,718.12$
2040 342,000.00$ 221,847.50$ 135,000.00$ 132,882.50$ 37,815.00$ 82,247.04$ 951,792.04$
2041 356,000.00$ 208,167.50$ 143,000.00$ 125,288.76$ 35,430.00$ 83,891.98$ 951,778.24$
2042 372,000.00$ 193,927.50$ 152,000.00$ 117,245.00$ 32,935.00$ 85,569.82$ 953,677.32$
2043 388,000.00$ 178,117.50$ 161,000.00$ 108,695.00$ 30,315.00$ 87,281.22$ 953,408.72$
2044 405,000.00$ 161,627.50$ 171,000.00$ 99,638.76$ 27,570.00$ 89,026.85$ 953,863.11$
2045 424,000.00$ 144,415.00$ 182,000.00$ 90,020.00$ 24,690.00$ 90,807.38$ 955,932.38$
2046 443,000.00$ 126,395.00$ 193,000.00$ 79,782.50$ 21,660.00$ 92,623.53$ 956,461.03$
2047 463,000.00$ 107,567.50$ 205,000.00$ 68,443.76$ 18,480.00$ 94,476.00$ 956,967.26$
2048 483,000.00$ 87,890.00$ 218,000.00$ 56,400.00$ 15,140.00$ 96,365.52$ 956,795.52$
2049 505,000.00$ 67,362.50$ 232,000.00$ 43,592.50$ 11,635.00$ 98,292.83$ 957,882.83$
2050 528,000.00$ 45,900.00$ 247,000.00$ 29,962.50$ 7,950.00$ 100,258.69$ 959,071.19$
2051 552,000.00$ 23,460.00$ 263,000.00$ 15,451.26$ 4,075.00$ 102,263.86$ 960,250.12$
Total 8,648,000.00$ 5,465,712.50$ 3,524,000.00$ 3,179,232.56$ 934,300.00$ 2,027,974.93$ 23,779,219.99$
Notes:
[a] Interest on the Improvement Area #1 Initial Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250% rate for term bonds due 2026, 2031,
2041, and 2051 respectively.
[b] Interest on the Improvement Area #1 Additional Bonds is calculated at 4.500%, 5.625%, and 5.875% rate for term bonds due 2035, 2045, and
2051 respectively.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection Costs, reserve fund
requirements, interest earnings, or other available offsets could increase or decrease the amounts shown.
Improvement Area #1 Additional
BondsImprovement Area #1 Initial Bonds
Annual
Installment
Due 1/31
Total
Additional
Interest
Annual
Collection
Costs
Total Annual
Installment Due[c]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 73
EXHIBIT G-1 – IMPROVEMENT AREA #2 ASSESSMENT ROLL
Property ID[a]Lot Type Outstanding
Assessment
Annual Installment Due
1/31/2027
2856586 Improvement Area #2 Initial Parcel 20,259.99$ 1,838.67$
2797551 Improvement Area #2 Initial Parcel 2,218,102.82$ 201,301.32$
1007216 Improvement Area #2 Initial Parcel 1,596,637.19$ 144,900.94$
3,835,000.00$ 348,040.93$
Notes:
Total[b]
[a] The Improvement Area #2 Assessment and Improvement Area #2 Annual Installment have initially been allocated
between all Property IDs within Improvement Area #2 pro rata based on acreage as reported by Collin Central
Appraisal District. Future allocation of the Assessment will be done in accordance with Section VI of this 2026
Amended and Restated Service and Assessment Plan.
[b] Totals may not match Service Plan or Annual Installment schedule due to rounding.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 74
EXHIBIT G-2 – IMPROVEMENT AREA #2 ASSESSMENT ROLL BY BLOCK AND LOT
Legal Description Improvement Area #2[c]
Property
ID[a] Phase Block Lot Lot Type Outstanding
Assessment
Total Annual
Installment
Due
1/31/2027
TBD 2 W 48 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 49 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 50 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 51 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 52 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 53 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 54 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 55 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 56 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 57 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 58 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 59 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 60 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 61 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 62 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 63 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 64 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 65 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 66 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 67 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 68 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 69 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 70 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 71 Lot Type 6 $57,866.94 $5,251.65
TBD 2 W 72X Non-Benefited Property $0.00 $0.00
TBD 2 V 15 Lot Type 5 $47,345.68 $4,296.80
TBD 2 V 16 Lot Type 5 $47,345.68 $4,296.80
TBD 2 X 11 Lot Type 6 $57,866.94 $5,251.65
TBD 2 X 12 Lot Type 6 $57,866.94 $5,251.65
TBD 2 X 13 Lot Type 6 $57,866.94 $5,251.65
TBD 2 X 14 Lot Type 6 $57,866.94 $5,251.65
TBD 2 X 15 Lot Type 6 $57,866.94 $5,251.65
TBD 2 X 16 Lot Type 6 $57,866.94 $5,251.65
TBD 2 X 17 Lot Type 6 $57,866.94 $5,251.65
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 75
Legal Description Improvement Area #2[c]
Property
ID[a] Phase Block Lot Lot Type Outstanding
Assessment
Total Annual
Installment
Due
1/31/2027
TBD 2 X 18 Lot Type 6 $57,866.94 $5,251.65
TBD 3 X 19 Lot Type 6 $57,866.94 $5,251.65
TBD 2 BB 10 Lot Type 5 $47,345.68 $4,296.80
TBD 2 BB 11 Lot Type 5 $47,345.68 $4,296.80
TBD 2 CC 1 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 2 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 3 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 4 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 5 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 6 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 7 Lot Type 6 $57,866.94 $5,251.65
TBD 2 CC 8X Non-Benefited Property $0.00 $0.00
TBD 2 DD 1 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 2 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 3 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 4 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 5 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 6 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 7 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 8 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 9 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 10 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 11 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 12 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 13 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 14 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 15 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 16 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 17 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 18 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 19 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 20 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 21 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 22 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 23 Lot Type 6 $57,866.94 $5,251.65
TBD 2 DD 24X Non-Benefited Property $0.00 $0.00
TBD 2 DD 25X Non-Benefited Property $0.00 $0.00
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 76
Legal Description Improvement Area #2[c]
Property
ID[a] Phase Block Lot Lot Type Outstanding
Assessment
Total Annual
Installment
Due
1/31/2027
TBD 2 DD 26X Non-Benefited Property $0.00 $0.00
Total[b] $3,835,000.00 $348,041.15
Notes:
[a] Property IDs reflected as "TBD" have not yet been assigned a Property ID by the Collin Central Appraisal
District for Tax Year 2026 at the time of this 2026 Amended and Restated Service and Assessment Plan.
[b] Totals may not sum or match the Service Plan or Improvement Area #2 Annual Installment schedule due
to rounding.
[c] For illustrative purposes only.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 77
EXHIBIT G-3 – IMPROVEMENT AREA #2 ANNUAL INSTALLMENT
Principal Interest[a]Additional
Interest Reserve Fund[b]
2027 4,000.00$ 284,865.93$ 19,175.00$ -$ 40,000.00$ 348,040.93$
2028 57,000.00$ 231,775.50$ 19,155.00$ -$ 40,800.00$ 348,730.50$
2029 60,000.00$ 228,327.00$ 18,870.00$ -$ 41,616.00$ 348,813.00$
2030 63,000.00$ 224,697.00$ 18,570.00$ -$ 42,448.32$ 348,715.32$
2031 66,000.00$ 220,885.50$ 18,255.00$ -$ 43,297.29$ 348,437.79$
2032 69,000.00$ 216,892.50$ 17,925.00$ -$ 44,163.24$ 347,980.74$
2033 73,000.00$ 212,718.00$ 17,580.00$ -$ 45,046.50$ 348,344.50$
2034 77,000.00$ 208,301.50$ 17,215.00$ -$ 45,947.43$ 348,463.93$
2035 81,000.00$ 203,643.00$ 16,830.00$ -$ 46,866.38$ 348,339.38$
2036 85,000.00$ 198,742.50$ 16,425.00$ -$ 47,803.71$ 347,971.21$
2037 90,000.00$ 193,600.00$ 16,000.00$ -$ 48,759.78$ 348,359.78$
2038 95,000.00$ 188,155.00$ 15,550.00$ -$ 49,734.98$ 348,439.98$
2039 100,000.00$ 182,407.50$ 15,075.00$ -$ 50,729.68$ 348,212.18$
2040 106,000.00$ 176,357.50$ 14,575.00$ -$ 51,744.27$ 348,676.77$
2041 112,000.00$ 169,944.50$ 14,045.00$ -$ 52,779.16$ 348,768.66$
2042 118,000.00$ 163,168.50$ 13,485.00$ -$ 53,834.74$ 348,488.24$
2043 124,000.00$ 156,029.50$ 12,895.00$ -$ 54,911.43$ 347,835.93$
2044 132,000.00$ 148,527.50$ 12,275.00$ -$ 56,009.66$ 348,812.16$
2045 139,000.00$ 140,541.50$ 11,615.00$ -$ 57,129.85$ 348,286.35$
2046 147,000.00$ 132,132.00$ 10,920.00$ -$ 58,272.45$ 348,324.45$
2047 155,000.00$ 123,238.50$ 10,185.00$ -$ 59,437.90$ 347,861.40$
2048 165,000.00$ 113,861.00$ 9,410.00$ -$ 60,626.66$ 348,897.66$
2049 174,000.00$ 103,878.50$ 8,585.00$ -$ 61,839.19$ 348,302.69$
2050 184,000.00$ 93,351.50$ 7,715.00$ -$ 63,075.97$ 348,142.47$
2051 195,000.00$ 82,219.50$ 6,795.00$ -$ 64,337.49$ 348,351.99$
2052 207,000.00$ 70,422.00$ 5,820.00$ -$ 65,624.24$ 348,866.24$
2053 219,000.00$ 57,898.50$ 4,785.00$ -$ 66,936.72$ 348,620.22$
2054 232,000.00$ 44,649.00$ 3,690.00$ -$ 68,275.45$ 348,614.45$
2055 246,000.00$ 30,613.00$ 2,530.00$ -$ 69,640.96$ 348,783.96$
2056 260,000.00$ 15,730.00$ 1,300.00$ (278,976.83)$ 71,033.78$ 69,086.95$
Total 3,835,000.00$ 4,617,573.43$ 377,250.00$ (278,976.83)$ 1,622,723.23$ 10,173,569.83$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for illustrative purposes, subject to change at pricing.
[b] Assumes the Reserve Fund is fully funded and available to reduce Annual Installments in the final year.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection
Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts
shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total Annual
Installment Due[c]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 78
EXHIBIT H-1 – IMPROVEMENT AREA #3 ASSESSMENT ROLL
Property ID[a]Lot Type Outstanding
Assessment
Annual Installment Due
1/31/2027
2797418 Improvement Area #3 Initial Parcel 813,650.88$ 79,770.94$
2797551 Improvement Area #3 Initial Parcel 1,152,082.22$ 112,951.01$
2797548 Improvement Area #3 Initial Parcel 486,266.90$ 47,673.97$
2,452,000.00$ 240,395.92$
Footnotes:
Total[b]
[a] The Improvement Area #3 Assessment and Improvement Area #3 Annual Installment have initially been allocated
between all Property IDs within Improvement Area #3 pro rata based on acreage as reported by Collin Central
Appraisal District. Future allocation of the Assessment will be done in accordance with Section VI of this 2026
Amended and Restated Service and Assessment Plan.
[b] Totals may not match Service Plan or Annual Installment schedule due to rounding.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 79
EXHIBIT H-2 – IMPROVEMENT AREA #3 ASSESSMENT ROLL BY BLOCK AND LOT
Legal Description Improvement Area #3[c]
Property
ID[a] Phase Block Lot Lot Type Outstanding
Assessment
Total Annual
Installment
Due
1/31/2027
TBD 2 L 1 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 2 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 3 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 4 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 5 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 6 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 7 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 8 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 9 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 10 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 11 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 12 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 13 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 14 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 15 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 16 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 17 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 18 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 19 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 20 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 21 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 22 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 23 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 24 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 25 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 26 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 27 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 28 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 29 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 30 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 31 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 32 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 33 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 34 Lot Type 7 $34,055.56 $3,338.83
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 80
Legal Description Improvement Area #3[c]
Property
ID[a] Phase Block Lot Lot Type Outstanding
Assessment
Total Annual
Installment
Due
1/31/2027
TBD 2 L 35 Lot Type 7 $34,055.56 $3,338.83
TBD 3 L 36 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 37 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 38 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 39 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 40 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 41 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 42 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 43 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 44 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 45 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 46 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 47 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 48 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 49 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 50 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 51 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 52 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 53 Lot Type 7 $34,055.56 $3,338.83
TBD 2 L 54X Non-Benefited Property $0.00 $0.00
TBD 2 L 55X Non-Benefited Property $0.00 $0.00
TBD 2 M 1 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 2 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 3 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 4 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 5 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 6 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 7 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 8 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 9 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 10 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 11 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 12 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 13 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 14 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 15 Lot Type 7 $34,055.56 $3,338.83
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 81
Legal Description Improvement Area #3[c]
Property
ID[a] Phase Block Lot Lot Type Outstanding
Assessment
Total Annual
Installment
Due
1/31/2027
TBD 2 M 16 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 17 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 18 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 19 Lot Type 7 $34,055.56 $3,338.83
TBD 2 M 20X Non-Benefited Property $0.00 $0.00
Total[b] $2,452,000.00 $240,395.76
Notes:
[a] Property IDs reflected as "TBD" have not yet been assigned a Property ID by the Collin Central
Appraisal District for Tax Year 2026 at the time of this 2026 Amended and Restated Service and
Assessment Plan.
[b] Totals may not sum or match the Service Plan or Improvement Area #3 Annual Installment schedule
due to rounding.
[c] For illustrative purposes only.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 82
EXHIBIT H-3 – IMPROVEMENT AREA #3 ANNUAL INSTALLMENT
Principal Interest[a]Additional
Interest Reserve Fund[b]
2027 6,000.00$ 182,135.92$ 12,260.00$ -$ 40,000.00$ 240,395.92$
2028 40,000.00$ 147,983.00$ 12,230.00$ -$ 40,800.00$ 241,013.00$
2029 41,000.00$ 145,563.00$ 12,030.00$ -$ 41,616.00$ 240,209.00$
2030 43,000.00$ 143,082.50$ 11,825.00$ -$ 42,448.32$ 240,355.82$
2031 45,000.00$ 140,481.00$ 11,610.00$ -$ 43,297.29$ 240,388.29$
2032 47,000.00$ 137,758.50$ 11,385.00$ -$ 44,163.24$ 240,306.74$
2033 50,000.00$ 134,915.00$ 11,150.00$ -$ 45,046.50$ 241,111.50$
2034 52,000.00$ 131,890.00$ 10,900.00$ -$ 45,947.43$ 240,737.43$
2035 54,000.00$ 128,744.00$ 10,640.00$ -$ 46,866.38$ 240,250.38$
2036 57,000.00$ 125,477.00$ 10,370.00$ -$ 47,803.71$ 240,650.71$
2037 60,000.00$ 122,028.50$ 10,085.00$ -$ 48,759.78$ 240,873.28$
2038 63,000.00$ 118,398.50$ 9,785.00$ -$ 49,734.98$ 240,918.48$
2039 66,000.00$ 114,587.00$ 9,470.00$ -$ 50,729.68$ 240,786.68$
2040 69,000.00$ 110,594.00$ 9,140.00$ -$ 51,744.27$ 240,478.27$
2041 73,000.00$ 106,419.50$ 8,795.00$ -$ 52,779.16$ 240,993.66$
2042 76,000.00$ 102,003.00$ 8,430.00$ -$ 53,834.74$ 240,267.74$
2043 80,000.00$ 97,405.00$ 8,050.00$ -$ 54,911.43$ 240,366.43$
2044 84,000.00$ 92,565.00$ 7,650.00$ -$ 56,009.66$ 240,224.66$
2045 89,000.00$ 87,483.00$ 7,230.00$ -$ 57,129.85$ 240,842.85$
2046 94,000.00$ 82,098.50$ 6,785.00$ -$ 58,272.45$ 241,155.95$
2047 98,000.00$ 76,411.50$ 6,315.00$ -$ 59,437.90$ 240,164.40$
2048 104,000.00$ 70,482.50$ 5,825.00$ -$ 60,626.66$ 240,934.16$
2049 109,000.00$ 64,190.50$ 5,305.00$ -$ 61,839.19$ 240,334.69$
2050 115,000.00$ 57,596.00$ 4,760.00$ -$ 63,075.97$ 240,431.97$
2051 121,000.00$ 50,638.50$ 4,185.00$ -$ 64,337.49$ 240,160.99$
2052 128,000.00$ 43,318.00$ 3,580.00$ -$ 65,624.24$ 240,522.24$
2053 135,000.00$ 35,574.00$ 2,940.00$ -$ 66,936.72$ 240,450.72$
2054 143,000.00$ 27,406.50$ 2,265.00$ -$ 68,275.45$ 240,946.95$
2055 151,000.00$ 18,755.00$ 1,550.00$ -$ 69,640.96$ 240,945.96$
2056 159,000.00$ 9,619.50$ 795.00$ (178,370.58)$ 71,033.78$ 62,077.70$
Total 2,452,000.00$ 2,905,603.92$ 237,340.00$ (178,370.58)$ 1,622,723.23$ 7,039,296.57$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for illustrative purposes, subject to change at
pricing.
[b] Assumes the Reserve Fund is fully funded and available to reduce Annual Installments in the final year.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection
Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts
shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total Annual
Installment Due[c]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 83
EXHIBIT I-1 – IMPROVEMENT AREA #4 ASSESSMENT ROLL
Property ID[a]Lot Type Outstanding
Assessment
Annual Installment
Due 1/31/2027[c]
2797418 Improvement Area #4 Initial Parcel 2,247,070.33$ 36,272.35$
2797548 Improvement Area #4 Initial Parcel 1,342,929.67$ 21,677.65$
3,590,000.00$ 57,950.00$
Footnotes:
Total[b]
[a] The Improvement Area #4 Assessment and Improvement Area #4 Annual Installment have initially
been allocated between all Property IDs within Improvement Area #4 pro rata based on acreage as
reported by Collin Central Appraisal District. Future allocation of the Assessment will be done in
accordance with Section VI of this 2026 Amended and Restated Service and Assessment Plan.
[b] Totals may not match Service Plan or Annual Installment schedule due to rounding.
[c] Includes Capitalized Interest.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 84
EXHIBIT I-2 – IMPROVEMENT AREA #4 ANNUAL INSTALLMENT
Principal Interest[a]Additional
Interest
Capitalized
Interest Reserve Fund[b]
2027 -$ 266,667.19$ 17,950.00$ (266,667.19)$ -$ 40,000.00$ 57,950.00$
2028 54,000.00$ 217,195.00$ 17,950.00$ -$ -$ 40,800.00$ 329,945.00$
2029 57,000.00$ 213,928.00$ 17,680.00$ -$ -$ 41,616.00$ 330,224.00$
2030 59,000.00$ 210,479.50$ 17,395.00$ -$ -$ 42,448.32$ 329,322.82$
2031 62,000.00$ 206,910.00$ 17,100.00$ -$ -$ 43,297.29$ 329,307.29$
2032 66,000.00$ 203,159.00$ 16,790.00$ -$ -$ 44,163.24$ 330,112.24$
2033 69,000.00$ 199,166.00$ 16,460.00$ -$ -$ 45,046.50$ 329,672.50$
2034 73,000.00$ 194,991.50$ 16,115.00$ -$ -$ 45,947.43$ 330,053.93$
2035 76,000.00$ 190,575.00$ 15,750.00$ -$ -$ 46,866.38$ 329,191.38$
2036 81,000.00$ 185,977.00$ 15,370.00$ -$ -$ 47,803.71$ 330,150.71$
2037 85,000.00$ 181,076.50$ 14,965.00$ -$ -$ 48,759.78$ 329,801.28$
2038 89,000.00$ 175,934.00$ 14,540.00$ -$ -$ 49,734.98$ 329,208.98$
2039 94,000.00$ 170,549.50$ 14,095.00$ -$ -$ 50,729.68$ 329,374.18$
2040 99,000.00$ 164,862.50$ 13,625.00$ -$ -$ 51,744.27$ 329,231.77$
2041 105,000.00$ 158,873.00$ 13,130.00$ -$ -$ 52,779.16$ 329,782.16$
2042 111,000.00$ 152,520.50$ 12,605.00$ -$ -$ 53,834.74$ 329,960.24$
2043 117,000.00$ 145,805.00$ 12,050.00$ -$ -$ 54,911.43$ 329,766.43$
2044 123,000.00$ 138,726.50$ 11,465.00$ -$ -$ 56,009.66$ 329,201.16$
2045 130,000.00$ 131,285.00$ 10,850.00$ -$ -$ 57,129.85$ 329,264.85$
2046 138,000.00$ 123,420.00$ 10,200.00$ -$ -$ 58,272.45$ 329,892.45$
2047 146,000.00$ 115,071.00$ 9,510.00$ -$ -$ 59,437.90$ 330,018.90$
2048 154,000.00$ 106,238.00$ 8,780.00$ -$ -$ 60,626.66$ 329,644.66$
2049 163,000.00$ 96,921.00$ 8,010.00$ -$ -$ 61,839.19$ 329,770.19$
2050 172,000.00$ 87,059.50$ 7,195.00$ -$ -$ 63,075.97$ 329,330.47$
2051 182,000.00$ 76,653.50$ 6,335.00$ -$ -$ 64,337.49$ 329,325.99$
2052 193,000.00$ 65,642.50$ 5,425.00$ -$ -$ 65,624.24$ 329,691.74$
2053 204,000.00$ 53,966.00$ 4,460.00$ -$ -$ 66,936.72$ 329,362.72$
2054 216,000.00$ 41,624.00$ 3,440.00$ -$ -$ 68,275.45$ 329,339.45$
2055 229,000.00$ 28,556.00$ 2,360.00$ -$ -$ 69,640.96$ 329,556.96$
2056 243,000.00$ 14,701.50$ 1,215.00$ -$ (261,154.33)$ 71,033.78$ 68,795.95$
Total 3,590,000.00$ 4,318,533.69$ 352,815.00$ (266,667.19)$ (261,154.33)$ 1,622,723.23$ 9,356,250.40$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.50% for illustrative purposes, subject to change at pricing.
[b] Assumes the Reserve Fund is fully funded and available to reduce Annual Installments in the final year.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection Costs, reserve
fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total Annual
Installment Due[c]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 85
EXHIBIT J – MAJOR IMPROVEMENT AREA ASSESSMENT ROLL
Property ID Lot Type Outstanding
Assessment[a]
Annual Installment Due
1/31/2027
1007216 Major Improvement Area Initial Parcel -$ -$
2797552 Major Improvement Area Initial Parcel -$ -$
2797418 Major Improvement Area Initial Parcel -$ -$
2797551 Major Improvement Area Initial Parcel -$ -$
2797548 Major Improvement Area Initial Parcel -$ -$
2881010 Non-Benefited Property -$ -$
2881269 Non-Benefited Property -$ -$
-$ -$
Notes:
Total
[a] The Major Improvement Area Assessment was prepaid in full. As a result, no outstanding Assessment
remains with respect to the Major Improvement Area Assessment, and no further Annual Installments
thereof shall be due after such Prepayment.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 86
EXHIBIT K-1 – MAPS OF MAJOR IMPROVEMENTS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 87
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 88
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 89
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 90
EXHIBIT K-2 – MAPS OF IMPROVEMENT AREA #1 IMPROVEMENTS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 91
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 92
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 93
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 94
EXHIBIT K-3 – MAPS OF IMPROVEMENT AREA #2 IMPROVEMENTS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 95
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 96
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 97
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 98
EXHIBIT K-4 – MAPS OF IMPROVEMENT AREA #3 IMPROVEMENTS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 99
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 100
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 101
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 102
EXHIBIT K-5 – MAPS OF IMPROVEMENT AREA #4 IMPROVEMENTS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 103
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 104
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 105
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 106
EXHIBIT L – TIRZ NO. 3 ANNUAL CREDIT AMOUNT BY LOT TYPE
Lot Type
Estimated
Buildout Value
per Unit
Assessment
per Unit
Average Annual
Installment per
Unit
Equivalent
PID Tax Rate
Equivalent
Total Tax
Rate[a]
TIRZ No. 3 Maximum
Annual Credit Amount
per Unit
Net Annual
Installment
per Unit
Net
Equivalent
PID Tax Rate
Net Equivalent
Total Tax Rate[b]
Improvement Area #1
Lot Type 1 (40') 240,000$ 22,658$ 1,741$ 0.7254$ 2.7183$ -$ 1,741$ 0.7254$ 2.7183$
Lot Type 2 (50') 273,750$ 25,844$ 1,986$ 0.7254$ 2.7183$ -$ 1,986$ 0.7254$ 2.7183$
Lot Type 3 (60') 328,500$ 31,013$ 2,383$ 0.7254$ 2.7183$ -$ 2,383$ 0.7254$ 2.7183$
Lot Type 4 (Townhomes) 225,000$ 21,242$ 1,632$ 0.7254$ 2.7183$ -$ 1,632$ 0.7254$ 2.7183$
Notes:
[a] Including the following taxing jurisdictions: The City of Anna, Collin County, CCC College, and Anna ISD.
[b] The target tax rate equivalent for Lots within Improvement Area #1 is $0.7786 per $100 of assessed value. Based on the pricing of the Improvement Area #1 Initial Bonds and the preliminary
pricing of the Improvement Area #1 Additional Bonds, the tax rate equivalent is approximately $0.7254 per $100 of assessed value which is less than the target tax rate. Therefore, the TIRZ No. 3
Maximum Annual Credit Amount per Unit for Lots within Improvement Area #1 is calculated at $0.00.
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 107
EXHIBIT M – FORM OF NOTICE OF ASSESSMENT TERMINATION
P3Works, LLC
9284 Huntington Square, Suite 100
North Richland Hills, TX 76182
______________________________________________________________________________
[Date]
Collin County Clerk’s Office
Honorable [County Clerk]
Collin County Administration Building
2300 Bloomdale Rd, Suite 2106
McKinney, TX 75071
Re: City of Anna Lien Release documents for filing
Dear Ms./Mr. [County Clerk]
Enclosed is a lien release that the City of Anna is requesting to be filed in your office. Lien release
for [insert legal description]. Recording Numbers: [Plat]. Please forward copies of the filed
documents to my attention:
City of Anna
Attn: City Secretary
101 S Powell Pkwy
Anna, TX 75409
Please contact me if you have any questions or need additional information.
Sincerely,
[Signature]
P3Works, LLC
(817) 393-0353
Admin@P3-Works.com
www.P3-Works.com
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 108
AFTER RECORDING RETURN TO:
[City Secretary Name]
101 S Powell Pkwy
Anna, TX 75409
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY
REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY
INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS
FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER
OR YOUR DRIVER'S LICENSE NUMBER.
FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN
STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF COLLIN §
THIS FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN (this "Full
Release") is executed and delivered as of the Effective Date by the City of Anna, Texas, a Texas home
rule municipality (the “City”).
RECITALS
WHEREAS, the governing body (hereinafter referred to as the "City Council") of the City,
Texas is authorized by Chapter 372, Texas Local Government Code, as amended (hereinafter referred to
as the "Act"), to create public improvement districts within the corporate limits and the extraterritorial
jurisdiction of the City; and
WHEREAS, on December 8, 2020 the City Council of the City approved Resolution No. 2020-
12-839 creating the Sherley Tract Public Improvement District No. 2 (the “District”); and
WHEREAS, the District consists of approximately 289.751 contiguous acres within the
extraterritorial jurisdiction of the City; and
WHEREAS, on ____________, the City Council, approved Ordinance No. __________,
(hereinafter referred to as the "Assessment Ordinance") approving a service and assessment plan and
assessment roll for the real property located with the District, the Assessment Ordinance being recorded
on _____________, as Instrument No. ________ in the Official Public Records of Collin County, TX;
and
WHEREAS, the Assessment Ordinance imposed an assessment in the amount of [amount]
(hereinafter referred to as the "Lien Amount") and further imposed a lien to secure the payment of the
Lien Amount (the “Lien”) against the following property located within the District, to wit:
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 109
[legal description], an addition to the City of [City], [County], Texas, according to the
map or plat thereof recorded as Instrument No. ________ in the Map Records of Collin
County, Texas (the "Property");
and
WHEREAS, the Lien Amount has been paid in full.
RELEASE
NOW THEREFORE, for and in consideration of the full payment of the Lien Amount, the City/County
hereby releases and discharges, and by these presents does hereby release and discharge, the Lien to the
extent that is affects and encumbers the Property.
EXECUTED to be EFFECTIVE this the _____ day of _________, 20__.
CITY OF ANNA, TEXAS,
A Texas home rule municipality,
By: _______________________________
[Manager Name], City Manager
ATTEST:
_______________________________
[Secretary Name], City Secretary
STATE OF TEXAS §
§
COUNTY OF COLLIN §
This instrument was acknowledged before me on the ____ day of ________, 20__, by [City
Manager], City Manager for the City of Anna, Texas, a Texas home rule municipality, on behalf of said
municipality.
_______________________________
Notary Public, State of Texas
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 110
EXHIBIT N-1 – DEBT SERVICE SCHEDULE FOR THE IMPROVEMENT AREA #1 INITIAL
BONDS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 111
EXHIBIT N-2 – DEBT SERVICE SCHEDULE FOR IMPROVEMENT AREA #1 ADDITIONAL
BONDS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 112
EXHIBIT N-3 – DEBT SERVICE SCHEDULE FOR IMPROVEMENT AREA #2-4 BONDS
[to be provided at pricing]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 113
EXHIBIT O-1 – DISTRICT LEGAL DESCRIPTION
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 114
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 115
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 116
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 117
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 118
EXHIBIT O-2 – IMPROVEMENT AREA #1 LEGAL DESCRIPTION
TRACT 1 (65.070 ACRES)
BEING THAT CERTAIN TRACT OF LAND SITUATED IN THE J. KINCADE SURVEY, ABSTRACT NUMBER 509, THE J. BOYLE
SURVEY, ABSTRACT NUMBER 105, THE J. ROBERTS SURVEY, ABSTRACT NUMBER 760, THE J. ELLET SURVEY, ABSTRACT
NUMBER 296, AND THE W. RATTAN SURVEY, ABSTRACT NUMBER 752, COLLIN COUNTY, TEXAS, BEING A PORTION OF
THAT TRACT OF LAND DESCRIBED IN DEED TO MM ANNA 325, LLC TRACT 1 RECORDED IN INSTRUMENT NUMBER
20190411000386110 OF THE OFFICIAL PUBLIC RECORDS OF COLLIN COUNTY, TEXAS (O.P.R.C.C.T.) AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT THE MOST SOUTHERLY SOUTHWEST CORNER OF SAID TRACT OF LAND TO MM ANNA 325, LLC BEING IN
THE NORTH LINE OF THAT TRACT OF LAND DESCRIBED BY DEED TO CADG HURRICANE CREEK, LLC RECORDED IN
INSTRUMENT NUMBER 201505290000631020 OF SAID O.P.R.C.C.T.;
THENCE N 00° 42' 12" W, 287.34 FEET WITH THE COMMON LINE OF SAID CADG TRACT AND SAID MM ANNA 325
TRACT;
N 89° 17' 48" E, 110.00 FEET;
N 00° 42' 12" W, 31.43 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 302.23 FEET, THROUGH A CENTRAL ANGLE OF 32° 59'
01", HAVING A RADIUS OF 525.00 FEET, AND A LONG CHORD WHICH BEARS N 15° 47' 19" E, 298.07 FEET;
N 32° 16' 49" E, 45.65 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 7.44 FEET, THROUGH A CENTRAL ANGLE OF 00° 30'
48", HAVING A RADIUS OF 830.00 FEET, AND A LONG CHORD WHICH BEARS N 57° 58' 35" W, 7.44 FEET;
N 57° 43' 11" W, 162.85 FEET;
S 32° 16' 50" W, 605.17 FEET;
THENCE S 88° 18' 50" W, 111.81 FEET TO THE NORTH LINE OF SAID CADG TRACT;
THENCE DEPARTING SAID NORTH LINE OVER AND ACROSS SAID MM ANNA 325 TRACT THE FOLLOWING BEARINGS AND
DISTANCES:
N 45° 08' 58" W, 366.07 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 520.46 FEET, THROUGH A CENTRAL ANGLE OF 22° 45'
50", HAVING A RADIUS OF 1309.97 FEET, AND A LONG CHORD WHICH BEARS N 40° 23' 55" E, 517.04 FEET;
N 60° 58' 59" W, 120.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 923.67 FEET, THROUGH A CENTRAL ANGLE OF 44° 28'
21", HAVING A RADIUS OF 1190.00 FEET, AND A LONG CHORD WHICH BEARS S 51° 15' 12" W, 900.66 FEET;
S 16° 30' 37" E, 120.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 27.21 FEET, THROUGH A CENTRAL ANGLE OF 01° 11'
24", HAVING A RADIUS OF 1310.00 FEET, AND A LONG CHORD WHICH BEARS S 74° 05' 05" W, 27.21 FEET;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 119
S 31° 32' 06" W, 43.31 FEET;
S 12° 15' 52" E, 4.77 FEET TO THE NORTH LINE OF SAID CADG TRACT;
THENCE S 89° 05' 29" W, 95.27 FEET;
THENCE DEPARTING SAID NORTH LINE OVER AND ACROSS SAID TRACT OF LAND TO MM ANNA 325, LLC THE
FOLLOWING BEARINGS AND DISTANCES:
N 56° 03' 28" W, 23.94 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 27.22 FEET, THROUGH A CENTRAL ANGLE OF 01° 11'
26", HAVING A RADIUS OF 1310.00 FEET, AND A LONG CHORD WHICH BEARS S 81° 23' 55" W, 27.22 FEET TO A
POINT OF INTERSECTION WITH A NON-TANGENTIAL LINE.
N 08° 00' 22" W, 120.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 147.41 FEET, THROUGH A CENTRAL ANGLE OF 07° 05'
51", HAVING A RADIUS OF 1190.00 FEET, AND A LONG CHORD WHICH BEARS S 85° 32' 34" W, 147.31 FEET;
S 89° 05' 29" W, 1,229.11 FEET;
N 45° 54' 31" W, 42.43 FEET;
N 00° 54' 31" W, 48.75 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 139.73 FEET, THROUGH A CENTRAL ANGLE OF 12° 07'
49", HAVING A RADIUS OF 660.00 FEET, AND A LONG CHORD WHICH BEARS N 05° 09' 24" E, 139.47 FEET;
N 11° 13' 18" E, 45.96 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 101.09 FEET, THROUGH A CENTRAL ANGLE OF 07° 14'
23", HAVING A RADIUS OF 800.00 FEET, AND A LONG CHORD WHICH BEARS N 14° 50' 30" E, 101.02 FEET;
N 20° 08' 12" E, 50.00 FEET;
N 21° 08' 00" E, 138.53 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 304.73 FEET, THROUGH A CENTRAL ANGLE OF 27° 42'
51", HAVING A RADIUS OF 630.00 FEET, AND A LONG CHORD WHICH BEARS N 07° 16' 34" E, 301.77 FEET;
N 83° 25' 09" E, 130.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 32.75 FEET, THROUGH A CENTRAL ANGLE OF 02° 28'
08", HAVING A RADIUS OF 760.00 FEET, AND A LONG CHORD WHICH BEARS N 07° 48' 55" W, 32.75 FEET;
N 80° 57' 01" E, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 20.00 FEET, THROUGH A CENTRAL ANGLE OF 01° 24'
53", HAVING A RADIUS OF 810.00 FEET, AND A LONG CHORD WHICH BEARS S 08° 20' 32" E, 20.00 FEET;
N 83° 35' 40" E, 67.70 FEET;
S 87° 45' 57" E, 468.26 FEET;
S 87° 55' 48" E, 10.60 FEET;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 120
N 01° 44' 03" E, 20.00 FEET;
S 88° 15' 57" E, 50.00 FEET;
S 01° 44' 03" W, 23.48 FEET;
N 89° 15' 16" E, 160.00 FEET;
N 84° 17' 59" E, 91.31 FEET;
N 81° 10' 42" E, 54.72 FEET;
N 75° 20' 06" E, 60.71 FEET;
N 70° 47' 30" E, 41.34 FEET;
N 66° 36' 18" E, 49.56 FEET;
N 61° 16' 50" E, 59.24 FEET;
N 56° 58' 45" E, 50.71 FEET;
N 55° 47' 22" E, 49.81 FEET;
N 58° 06' 52" E, 47.94 FEET;
N 57° 16' 20" E, 66.93 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 32.90 FEET, THROUGH A CENTRAL ANGLE OF 01° 34'
15", HAVING A RADIUS OF 1200.00 FEET, AND A LONG CHORD WHICH BEARS N 28° 47' 28" W, 32.90 FEET TO A
POINT OF INTERSECTION WITH A NON-TANGENTIAL LINE.
N 61° 59' 39" E, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 45.85 FEET, THROUGH A CENTRAL ANGLE OF 02° 17'
04", HAVING A RADIUS OF 1150.00 FEET, AND A LONG CHORD WHICH BEARS S 29° 08' 53" E, 45.85 FEET;
N 59° 42' 35" E, 120.15 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 434.10 FEET, THROUGH A CENTRAL ANGLE OF 24° 08'
52", HAVING A RADIUS OF 1,030.00 FEET, AND A LONG CHORD WHICH BEARS S 42° 21' 09" E, 430.90 FEET;
S 54° 25' 35" E, 89.54 FEET;
N 24° 51' 49" E, 70.52 FEET;
S 64° 05' 47" E, 100.01 FEET;
S 65° 13' 30" E, 75.00 FEET;
N 69° 45' 54" E, 42.43 FEET;
N 24° 45' 54" E, 22.77 FEET;
S 65° 14' 06" E, 120.00 FEET;
S 24° 45' 54" W, 23.65 FEET;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 121
S 19° 10' 53" E, 43.20 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 96.46 FEET, THROUGH A CENTRAL ANGLE OF 05° 31'
37", HAVING A RADIUS OF 1000.00 FEET, AND A LONG CHORD WHICH BEARS S 59° 58' 35" E, 96.43 FEET;
N 24° 45' 54" E, 31.64 FEET;
S 58° 13' 31" E, 50.38 FEET;
S 24° 45' 54" W, 33.83 FEET;
S 55° 20' 20" E, 104.47 FEET;
S 57° 43' 11" E, 272.85 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, THROUGH 33° 03' 57", 444.37 FEET HAVING A RADIUS OF 770.00 FEET, AND A
LONG CHORD WHICH BEARS S 74° 15' 09" E, 438.23 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 49.91 FEET, THROUGH A CENTRAL ANGLE OF 07° 37'
35", HAVING A RADIUS OF 375.00 FEET, AND A LONG CHORD WHICH BEARS N 07° 38' 20" E, 49.88 FEET;
S 78° 32' 52" E, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, THROUGH 06° 37' 24", 37.57 FEET HAVING A RADIUS OF 325.00 FEET, AND A
LONG CHORD WHICH BEARS S 08° 08' 26" W, 37.55 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 71.20 FEET, THROUGH A CENTRAL ANGLE OF 05° 17'
53", HAVING A RADIUS OF 770.00 FEET, AND A LONG CHORD WHICH BEARS N 82° 48' 59" E, 71.18 FEET;
N 80° 10' 03" E, 330.53 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 56.36 FEET, THROUGH A CENTRAL ANGLE OF 03° 06'
19", HAVING A RADIUS OF 1,040.00 FEET, AND A LONG CHORD WHICH BEARS N 04° 30' 13" W, 56.36 FEET TO
A POINT OF INTERSECTION WITH A NON-TANGENTIAL LINE.
N 87° 02' 56" E, 80.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 191.58 FEET, THROUGH A CENTRAL ANGLE OF 11° 26'
03", HAVING A RADIUS OF 960.00 FEET, AND A LONG CHORD WHICH BEARS S 08° 40' 05" E, 191.26 FEET;
S 14° 23' 07" E, 121.17 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 100.60 FEET, THROUGH A CENTRAL ANGLE OF 12° 23'
42", HAVING A RADIUS OF 465.00 FEET, AND A LONG CHORD WHICH BEARS S 08° 11' 16" E, 100.40 FEET;
S 01° 59' 25" E, 283.25 FEET;
THENCE S 89° 04' 42" W, 1264.39 FEET TO THE POINT OF BEGINNING AND CONTAINING 2,834,457 SQUARE FEET OR
65.070 ACRES MORE OR LESS;
TRACT 2 (44.332 ACRES)
BEING THAT CERTAIN TRACT OF LAND SITUATED IN THE J. KINCADE SURVEY, ABSTRACT NUMBER 509, THE J. BOYLE
SURVEY, ABSTRACT NUMBER 105, THE J. ROBERTS SURVEY, ABSTRACT NUMBER 760, THE J. ELLET SURVEY, ABSTRACT
NUMBER 296, AND THE W. RATTAN SURVEY, ABSTRACT NUMBER 752, COLLIN COUNTY, TEXAS, BEING A PORTION OF
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 122
THAT TRACT OF LAND DESCRIBED IN DEED TO MM ANNA 325, LLC TRACT 1 RECORDED IN INSTRUMENT NUMBER
20190411000386110 OF THE OFFICIAL PUBLIC RECORDS OF COLLIN COUNTY, TEXAS (O.P.R.C.C.T.) AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT THE MOST SOUTHERLY SOUTHWEST CORNER IN PLAT TO URBAN CROSSING RECORDED IN INSTURMENT
NUMBER 20131227010003710 OF THE PLAT RECORDS OF COLLIN COUNTY, TEXAS (P.R.C.C.T.) AND BEING IN THE
NORTH LINE OF SAID MM ANNA 325 TRACT;
THENCE FOLLOWING THE SOUTH LINE OF SAID URBAN CROSSING TRACT AND THE NORTH LINE OF SAID MM ANNA 325
TRACT THE FOLLOWING BEARINGS AND DISTANCES:
S 89° 47' 13" E, 602.59 FEET;
N 88° 59' 00" E, 461.54 FEET;
THENCE DEPARTING SAID COMMON LINE OVER AND ACROSS SAID MM ANNA 325 TRACT THE FOLLOWING BEARINGS
AND DISTANCES:
S 01° 10' 22" E, 231.65 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 1,023.35 FEET, THROUGH A CENTRAL ANGLE OF 31° 31'
24", HAVING A RADIUS OF 1860.00 FEET, AND A LONG CHORD WHICH BEARS S 40° 31' 36" W, 1010.49 FEET;
S 24° 45' 54" W, 220.34 FEET;
S 24° 45' 54" W, 22.77 FEET;
S 69° 45' 54" W, 42.43 FEET;
N 65° 13' 30" W, 75.00 FEET;
N 64° 05' 47" W, 100.01 FEET;
S 24° 51' 49" W, 70.52 FEET;
N 54° 25' 35" W , 89.54 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 434.10 FEET, THROUGH A CENTRAL ANGLE OF 24° 08'
52", HAVING A RADIUS OF 1030.00 FEET, AND A LONG CHORD WHICH BEARS N 42° 21' 09" W, 430.90 FEET;
S 59° 42' 35" W, 120.15 FEET TO THE BEGINNING OF A CURVFE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 45.85 FEET, THROUGH A CENTRAL ANGLE OF 02° 17'
04", HAVING A RADIUS OF 1150.00 FEET, AND A LONG CHORD WHICH BEARS N 29° 08' 53" W, 45.85 FEET;
S 61° 59' 39" W, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 32.90 FEET, THROUGH A CENTRAL ANGLE OF 01° 34'
15", HAVING A RADIUS OF 1200.00 FEET, AND A LONG CHORD WHICH BEARS S 28° 47' 28" E, 32.90 FEET;
S 57° 16' 20" W, 66.93 FEET;
S 58° 06' 52" W, 47.94 FEET;
S 55° 47' 22" W, 49.81 FEET;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 123
S 56° 58' 45" W, 50.71 FEET;
S 61° 16' 50" W, 59.24 FEET;
S 66° 36' 18" W, 49.56 FEET;
S 70° 47' 30" W, 41.34 FEET;
S 75° 20' 06" W, 60.71 FEET;
S 81° 10' 42" W, 54.72 FEET;
S 84° 17' 59" W, 91.31 FEET;
S 89° 15' 16" W, 160.00 FEET;
N 01° 44' 03" E, 23.48 FEET;
N 01° 44' 03" E, 104.07 FEET;
S 88° 15' 57" E, 10.50 FEET;
N 01° 44' 03" E, 50.00 FEET;
N 88° 15' 57" W, 109.33 FEET;
N 01° 44' 03" E, 130.00 FEET;
N 00° 53' 08" E, 401.03 FEET;
N 68° 31' 37" E, 311.47 FEET;
N 27° 44' 36" E, 271.58 FEET;
N 78° 55' 21" E, 359.52 FEET;
N 89° 19' 48" E, 60.00 FEET;
N 89° 19' 48" E, 369.75 FEET TO THE WEST LINE OF SAID URBAN CROSSING;
THENCE S 00° 05' 05" E, 5.70 FEET TO THE POINT OF BEGINNING AND CONTAINING 1,931,085 SQUARE FEET OR 44.332
ACRES MORE OR LESS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 124
EXHIBIT O-3 – IMPROVEMENT AREA #2 LEGAL DESCRIPTION
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 125
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 126
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 127
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 128
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 129
EXHIBIT O-4 – IMPROVEMENT AREA #3 LEGAL DESCRIPTION
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 130
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 131
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 132
EXHIBIT O-5 – IMPROVEMENT AREA #4 LEGAL DESCRIPTION
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 133
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 134
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 135
EXHIBIT O-6 – MAJOR IMPROVEMENT AREA LEGAL DESCRIPTION
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 136
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 137
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 138
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 139
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 140
Save and except:
TRACT 1 (65.070 ACRES)
BEING THAT CERTAIN TRACT OF LAND SITUATED IN THE J. KINCADE SURVEY, ABSTRACT NUMBER 509, THE J. BOYLE
SURVEY, ABSTRACT NUMBER 105, THE J. ROBERTS SURVEY, ABSTRACT NUMBER 760, THE J. ELLET SURVEY, ABSTRACT
NUMBER 296, AND THE W. RATTAN SURVEY, ABSTRACT NUMBER 752, COLLIN COUNTY, TEXAS, BEING A PORTION OF
THAT TRACT OF LAND DESCRIBED IN DEED TO MM ANNA 325, LLC TRACT 1 RECORDED IN INSTRUMENT NUMBER
20190411000386110 OF THE OFFICIAL PUBLIC RECORDS OF COLLIN COUNTY, TEXAS (O.P.R.C.C.T.) AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT THE MOST SOUTHERLY SOUTHWEST CORNER OF SAID TRACT OF LAND TO MM ANNA 325, LLC BEING IN
THE NORTH LINE OF THAT TRACT OF LAND DESCRIBED BY DEED TO CADG HURRICANE CREEK, LLC RECORDED IN
INSTRUMENT NUMBER 201505290000631020 OF SAID O.P.R.C.C.T.;
THENCE N 00° 42' 12" W, 287.34 FEET WITH THE COMMON LINE OF SAID CADG TRACT AND SAID MM ANNA 325
TRACT;
N 89° 17' 48" E, 110.00 FEET;
N 00° 42' 12" W, 31.43 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 302.23 FEET, THROUGH A CENTRAL ANGLE OF 32° 59'
01", HAVING A RADIUS OF 525.00 FEET, AND A LONG CHORD WHICH BEARS N 15° 47' 19" E, 298.07 FEET;
N 32° 16' 49" E, 45.65 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 7.44 FEET, THROUGH A CENTRAL ANGLE OF 00° 30'
48", HAVING A RADIUS OF 830.00 FEET, AND A LONG CHORD WHICH BEARS N 57° 58' 35" W, 7.44 FEET;
N 57° 43' 11" W, 162.85 FEET;
S 32° 16' 50" W, 605.17 FEET;
THENCE S 88° 18' 50" W, 111.81 FEET TO THE NORTH LINE OF SAID CADG TRACT;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 141
THENCE DEPARTING SAID NORTH LINE OVER AND ACROSS SAID MM ANNA 325 TRACT THE FOLLOWING BEARINGS AND
DISTANCES:
N 45° 08' 58" W, 366.07 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 520.46 FEET, THROUGH A CENTRAL ANGLE OF 22° 45'
50", HAVING A RADIUS OF 1309.97 FEET, AND A LONG CHORD WHICH BEARS N 40° 23' 55" E, 517.04 FEET;
N 60° 58' 59" W, 120.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 923.67 FEET, THROUGH A CENTRAL ANGLE OF 44° 28'
21", HAVING A RADIUS OF 1190.00 FEET, AND A LONG CHORD WHICH BEARS S 51° 15' 12" W, 900.66 FEET;
S 16° 30' 37" E, 120.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 27.21 FEET, THROUGH A CENTRAL ANGLE OF 01° 11'
24", HAVING A RADIUS OF 1310.00 FEET, AND A LONG CHORD WHICH BEARS S 74° 05' 05" W, 27.21 FEET;
S 31° 32' 06" W, 43.31 FEET;
S 12° 15' 52" E, 4.77 FEET TO THE NORTH LINE OF SAID CADG TRACT;
THENCE S 89° 05' 29" W, 95.27 FEET;
THENCE DEPARTING SAID NORTH LINE OVER AND ACROSS SAID TRACT OF LAND TO MM ANNA 325, LLC THE
FOLLOWING BEARINGS AND DISTANCES:
N 56° 03' 28" W, 23.94 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 27.22 FEET, THROUGH A CENTRAL ANGLE OF 01° 11'
26", HAVING A RADIUS OF 1310.00 FEET, AND A LONG CHORD WHICH BEARS S 81° 23' 55" W, 27.22 FEET TO A
POINT OF INTERSECTION WITH A NON-TANGENTIAL LINE.
N 08° 00' 22" W, 120.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 147.41 FEET, THROUGH A CENTRAL ANGLE OF 07° 05'
51", HAVING A RADIUS OF 1190.00 FEET, AND A LONG CHORD WHICH BEARS S 85° 32' 34" W, 147.31 FEET;
S 89° 05' 29" W, 1,229.11 FEET;
N 45° 54' 31" W, 42.43 FEET;
N 00° 54' 31" W, 48.75 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 139.73 FEET, THROUGH A CENTRAL ANGLE OF 12° 07'
49", HAVING A RADIUS OF 660.00 FEET, AND A LONG CHORD WHICH BEARS N 05° 09' 24" E, 139.47 FEET;
N 11° 13' 18" E, 45.96 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 101.09 FEET, THROUGH A CENTRAL ANGLE OF 07° 14'
23", HAVING A RADIUS OF 800.00 FEET, AND A LONG CHORD WHICH BEARS N 14° 50' 30" E, 101.02 FEET;
N 20° 08' 12" E, 50.00 FEET;
N 21° 08' 00" E, 138.53 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 142
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 304.73 FEET, THROUGH A CENTRAL ANGLE OF 27° 42'
51", HAVING A RADIUS OF 630.00 FEET, AND A LONG CHORD WHICH BEARS N 07° 16' 34" E, 301.77 FEET;
N 83° 25' 09" E, 130.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 32.75 FEET, THROUGH A CENTRAL ANGLE OF 02° 28'
08", HAVING A RADIUS OF 760.00 FEET, AND A LONG CHORD WHICH BEARS N 07° 48' 55" W, 32.75 FEET;
N 80° 57' 01" E, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 20.00 FEET, THROUGH A CENTRAL ANGLE OF 01° 24'
53", HAVING A RADIUS OF 810.00 FEET, AND A LONG CHORD WHICH BEARS S 08° 20' 32" E, 20.00 FEET;
N 83° 35' 40" E, 67.70 FEET;
S 87° 45' 57" E, 468.26 FEET;
S 87° 55' 48" E, 10.60 FEET;
N 01° 44' 03" E, 20.00 FEET;
S 88° 15' 57" E, 50.00 FEET;
S 01° 44' 03" W, 23.48 FEET;
N 89° 15' 16" E, 160.00 FEET;
N 84° 17' 59" E, 91.31 FEET;
N 81° 10' 42" E, 54.72 FEET;
N 75° 20' 06" E, 60.71 FEET;
N 70° 47' 30" E, 41.34 FEET;
N 66° 36' 18" E, 49.56 FEET;
N 61° 16' 50" E, 59.24 FEET;
N 56° 58' 45" E, 50.71 FEET;
N 55° 47' 22" E, 49.81 FEET;
N 58° 06' 52" E, 47.94 FEET;
N 57° 16' 20" E, 66.93 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 32.90 FEET, THROUGH A CENTRAL ANGLE OF 01° 34'
15", HAVING A RADIUS OF 1200.00 FEET, AND A LONG CHORD WHICH BEARS N 28° 47' 28" W, 32.90 FEET TO A
POINT OF INTERSECTION WITH A NON-TANGENTIAL LINE.
N 61° 59' 39" E, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 45.85 FEET, THROUGH A CENTRAL ANGLE OF 02° 17'
04", HAVING A RADIUS OF 1150.00 FEET, AND A LONG CHORD WHICH BEARS S 29° 08' 53" E, 45.85 FEET;
N 59° 42' 35" E, 120.15 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 143
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 434.10 FEET, THROUGH A CENTRAL ANGLE OF 24° 08'
52", HAVING A RADIUS OF 1,030.00 FEET, AND A LONG CHORD WHICH BEARS S 42° 21' 09" E, 430.90 FEET;
S 54° 25' 35" E, 89.54 FEET;
N 24° 51' 49" E, 70.52 FEET;
S 64° 05' 47" E, 100.01 FEET;
S 65° 13' 30" E, 75.00 FEET;
N 69° 45' 54" E, 42.43 FEET;
N 24° 45' 54" E, 22.77 FEET;
S 65° 14' 06" E, 120.00 FEET;
S 24° 45' 54" W, 23.65 FEET;
S 19° 10' 53" E, 43.20 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 96.46 FEET, THROUGH A CENTRAL ANGLE OF 05° 31'
37", HAVING A RADIUS OF 1000.00 FEET, AND A LONG CHORD WHICH BEARS S 59° 58' 35" E, 96.43 FEET;
N 24° 45' 54" E, 31.64 FEET;
S 58° 13' 31" E, 50.38 FEET;
S 24° 45' 54" W, 33.83 FEET;
S 55° 20' 20" E, 104.47 FEET;
S 57° 43' 11" E, 272.85 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, THROUGH 33° 03' 57", 444.37 FEET HAVING A RADIUS OF 770.00 FEET, AND A
LONG CHORD WHICH BEARS S 74° 15' 09" E, 438.23 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 49.91 FEET, THROUGH A CENTRAL ANGLE OF 07° 37'
35", HAVING A RADIUS OF 375.00 FEET, AND A LONG CHORD WHICH BEARS N 07° 38' 20" E, 49.88 FEET;
S 78° 32' 52" E, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, THROUGH 06° 37' 24", 37.57 FEET HAVING A RADIUS OF 325.00 FEET, AND A
LONG CHORD WHICH BEARS S 08° 08' 26" W, 37.55 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 71.20 FEET, THROUGH A CENTRAL ANGLE OF 05° 17'
53", HAVING A RADIUS OF 770.00 FEET, AND A LONG CHORD WHICH BEARS N 82° 48' 59" E, 71.18 FEET;
N 80° 10' 03" E, 330.53 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 56.36 FEET, THROUGH A CENTRAL ANGLE OF 03° 06'
19", HAVING A RADIUS OF 1,040.00 FEET, AND A LONG CHORD WHICH BEARS N 04° 30' 13" W, 56.36 FEET TO
A POINT OF INTERSECTION WITH A NON-TANGENTIAL LINE.
N 87° 02' 56" E, 80.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 144
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 191.58 FEET, THROUGH A CENTRAL ANGLE OF 11° 26'
03", HAVING A RADIUS OF 960.00 FEET, AND A LONG CHORD WHICH BEARS S 08° 40' 05" E, 191.26 FEET;
S 14° 23' 07" E, 121.17 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 100.60 FEET, THROUGH A CENTRAL ANGLE OF 12° 23'
42", HAVING A RADIUS OF 465.00 FEET, AND A LONG CHORD WHICH BEARS S 08° 11' 16" E, 100.40 FEET;
S 01° 59' 25" E, 283.25 FEET;
THENCE S 89° 04' 42" W, 1264.39 FEET TO THE POINT OF BEGINNING AND CONTAINING 2,834,457 SQUARE FEET OR
65.070 ACRES MORE OR LESS;
TRACT 2 (44.332 ACRES)
BEING THAT CERTAIN TRACT OF LAND SITUATED IN THE J. KINCADE SURVEY, ABSTRACT NUMBER 509, THE J. BOYLE
SURVEY, ABSTRACT NUMBER 105, THE J. ROBERTS SURVEY, ABSTRACT NUMBER 760, THE J. ELLET SURVEY, ABSTRACT
NUMBER 296, AND THE W. RATTAN SURVEY, ABSTRACT NUMBER 752, COLLIN COUNTY, TEXAS, BEING A PORTION OF
THAT TRACT OF LAND DESCRIBED IN DEED TO MM ANNA 325, LLC TRACT 1 RECORDED IN INSTRUMENT NUMBER
20190411000386110 OF THE OFFICIAL PUBLIC RECORDS OF COLLIN COUNTY, TEXAS (O.P.R.C.C.T.) AND BEING MORE
PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
BEGINNING AT THE MOST SOUTHERLY SOUTHWEST CORNER IN PLAT TO URBAN CROSSING RECORDED IN INSTURMENT
NUMBER 20131227010003710 OF THE PLAT RECORDS OF COLLIN COUNTY, TEXAS (P.R.C.C.T.) AND BEING IN THE
NORTH LINE OF SAID MM ANNA 325 TRACT;
THENCE FOLLOWING THE SOUTH LINE OF SAID URBAN CROSSING TRACT AND THE NORTH LINE OF SAID MM ANNA 325
TRACT THE FOLLOWING BEARINGS AND DISTANCES:
S 89° 47' 13" E, 602.59 FEET;
N 88° 59' 00" E, 461.54 FEET;
THENCE DEPARTING SAID COMMON LINE OVER AND ACROSS SAID MM ANNA 325 TRACT THE FOLLOWING BEARINGS
AND DISTANCES:
S 01° 10' 22" E, 231.65 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 1,023.35 FEET, THROUGH A CENTRAL ANGLE OF 31° 31'
24", HAVING A RADIUS OF 1860.00 FEET, AND A LONG CHORD WHICH BEARS S 40° 31' 36" W, 1010.49 FEET;
S 24° 45' 54" W, 220.34 FEET;
S 24° 45' 54" W, 22.77 FEET;
S 69° 45' 54" W, 42.43 FEET;
N 65° 13' 30" W, 75.00 FEET;
N 64° 05' 47" W, 100.01 FEET;
S 24° 51' 49" W, 70.52 FEET;
N 54° 25' 35" W , 89.54 FEET TO THE BEGINNING OF A CURVE TO THE RIGHT;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 145
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 434.10 FEET, THROUGH A CENTRAL ANGLE OF 24° 08'
52", HAVING A RADIUS OF 1030.00 FEET, AND A LONG CHORD WHICH BEARS N 42° 21' 09" W, 430.90 FEET;
S 59° 42' 35" W, 120.15 FEET TO THE BEGINNING OF A CURVFE TO THE RIGHT;
WITH SAID CURVE TO THE RIGHT, AN ARC DISTANCE OF 45.85 FEET, THROUGH A CENTRAL ANGLE OF 02° 17'
04", HAVING A RADIUS OF 1150.00 FEET, AND A LONG CHORD WHICH BEARS N 29° 08' 53" W, 45.85 FEET;
S 61° 59' 39" W, 50.00 FEET TO THE BEGINNING OF A CURVE TO THE LEFT;
WITH SAID CURVE TO THE LEFT, AN ARC DISTANCE OF 32.90 FEET, THROUGH A CENTRAL ANGLE OF 01° 34'
15", HAVING A RADIUS OF 1200.00 FEET, AND A LONG CHORD WHICH BEARS S 28° 47' 28" E, 32.90 FEET;
S 57° 16' 20" W, 66.93 FEET;
S 58° 06' 52" W, 47.94 FEET;
S 55° 47' 22" W, 49.81 FEET;
S 56° 58' 45" W, 50.71 FEET;
S 61° 16' 50" W, 59.24 FEET;
S 66° 36' 18" W, 49.56 FEET;
S 70° 47' 30" W, 41.34 FEET;
S 75° 20' 06" W, 60.71 FEET;
S 81° 10' 42" W, 54.72 FEET;
S 84° 17' 59" W, 91.31 FEET;
S 89° 15' 16" W, 160.00 FEET;
N 01° 44' 03" E, 23.48 FEET;
N 01° 44' 03" E, 104.07 FEET;
S 88° 15' 57" E, 10.50 FEET;
N 01° 44' 03" E, 50.00 FEET;
N 88° 15' 57" W, 109.33 FEET;
N 01° 44' 03" E, 130.00 FEET;
N 00° 53' 08" E, 401.03 FEET;
N 68° 31' 37" E, 311.47 FEET;
N 27° 44' 36" E, 271.58 FEET;
N 78° 55' 21" E, 359.52 FEET;
N 89° 19' 48" E, 60.00 FEET;
N 89° 19' 48" E, 369.75 FEET TO THE WEST LINE OF SAID URBAN CROSSING;
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 146
THENCE S 00° 05' 05" E, 5.70 FEET TO THE POINT OF BEGINNING AND CONTAINING 1,931,085 SQUARE FEET OR 44.332
ACRES MORE OR LESS
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 147
APPENDIX A – ENGINEER’S REPORT
[Remainder of page left intentionally blank.]
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 148
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 157
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 158
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 159
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 160
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 161
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 162
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 164
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2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 165
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 166
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2
2026 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 167
APPENDIX B – BUYER DISCLOSURES
Forms of the buyer disclosures for the following Lot Types are found in this appendix:
Improvement Area #1
Lot Type 1
Lot Type 2
Lot Type 3
Lot Type 4
Improvement Area #2
Improvement Area #2 Initial Parcel
Lot Type 5
Lot Type 6
Improvement Area #3
Improvement Area #3 Initial Parcel
Lot Type 7
Improvement Area #4
Improvement Area #4 Initial Parcel
Lot Type 8
Major Improvement Area
• Major Improvement Area Initial Parcel
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 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.
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: $22,173.24
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Principal Interest[b]
2027 371.62$ 645.91$ 125.69$ 351.79$ 110.87$ 100.34$ 1,706.22$
2028 386.19$ 631.98$ 131.16$ 346.13$ 108.38$ 118.14$ 1,721.98$
2029 400.77$ 617.50$ 138.45$ 340.23$ 105.79$ 120.50$ 1,723.23$
2030 415.34$ 602.47$ 143.91$ 334.00$ 103.10$ 122.91$ 1,721.73$
2031 431.73$ 586.89$ 151.20$ 327.53$ 100.30$ 125.37$ 1,723.02$
2032 449.95$ 570.70$ 160.31$ 320.72$ 97.39$ 127.88$ 1,726.94$
2033 468.17$ 552.71$ 167.59$ 313.51$ 94.33$ 130.43$ 1,726.74$
2034 488.20$ 533.98$ 174.88$ 305.97$ 91.16$ 133.04$ 1,727.23$
2035 508.24$ 514.45$ 183.99$ 298.10$ 87.84$ 135.70$ 1,728.32$
2036 528.28$ 494.12$ 193.10$ 289.82$ 84.38$ 138.42$ 1,728.11$
2037 550.14$ 472.99$ 205.85$ 278.96$ 80.77$ 141.18$ 1,729.89$
2038 573.82$ 450.98$ 218.60$ 267.38$ 76.99$ 144.01$ 1,731.78$
2039 597.50$ 428.03$ 231.35$ 255.08$ 73.03$ 146.89$ 1,731.88$
2040 623.01$ 404.13$ 245.92$ 242.07$ 68.89$ 149.83$ 1,733.84$
2041 648.51$ 379.21$ 260.50$ 228.23$ 64.54$ 152.82$ 1,733.82$
2042 677.66$ 353.27$ 276.89$ 213.58$ 60.00$ 155.88$ 1,737.28$
2043 706.80$ 324.47$ 293.29$ 198.01$ 55.22$ 159.00$ 1,736.79$
2044 737.77$ 294.43$ 311.50$ 181.51$ 50.22$ 162.18$ 1,737.61$
2045 772.38$ 263.07$ 331.54$ 163.99$ 44.98$ 165.42$ 1,741.38$
2046 807.00$ 230.25$ 351.58$ 145.34$ 39.46$ 168.73$ 1,742.35$
2047 843.43$ 195.95$ 373.44$ 124.68$ 33.66$ 172.10$ 1,743.27$
2048 879.86$ 160.11$ 397.12$ 102.74$ 27.58$ 175.55$ 1,742.96$
2049 919.94$ 122.71$ 422.63$ 79.41$ 21.20$ 179.06$ 1,744.94$
2050 961.84$ 83.61$ 449.95$ 54.58$ 14.48$ 182.64$ 1,747.10$
2051 1,005.56$ 42.74$ 479.10$ 28.15$ 7.42$ 186.29$ 1,749.25$
Total 15,753.71$ 9,956.67$ 6,419.53$ 5,791.48$ 1,701.98$ 3,694.28$ 43,317.64$
Notes:
[a] Interest on the Improvement Area #1 Initial Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250% rate
for term bonds due 2026, 2031, 2041, and 2051 respectively.
[b] Interest on the Improvement Area #1 Additional Bonds is calculated at 4.500%, 5.625%, and 5.875% rate for
term bonds due 2035, 2045, and 2051 respectively.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Total
Additional
Interest
Annual
Installment
Due 1/31
Total
Installment
Due[c]
Annual
Collection
Costs
Improvement Area #1
Additional Bonds
Improvement Area #1
Initial Bonds
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 1
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 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: $25,291.35
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Principal Interest[b]
2027 423.88$ 736.75$ 143.37$ 401.26$ 126.46$ 114.45$ 1,946.16$
2028 440.50$ 720.85$ 149.60$ 394.81$ 123.62$ 134.75$ 1,964.13$
2029 457.12$ 704.33$ 157.92$ 388.08$ 120.67$ 137.44$ 1,965.56$
2030 473.75$ 687.19$ 164.15$ 380.97$ 117.59$ 140.19$ 1,963.84$
2031 492.45$ 669.43$ 172.46$ 373.58$ 114.41$ 143.00$ 1,965.32$
2032 513.22$ 650.96$ 182.85$ 365.82$ 111.08$ 145.86$ 1,969.79$
2033 534.00$ 630.43$ 191.16$ 357.59$ 107.60$ 148.77$ 1,969.56$
2034 556.86$ 609.07$ 199.47$ 348.99$ 103.97$ 151.75$ 1,970.12$
2035 579.71$ 586.79$ 209.86$ 340.02$ 100.19$ 154.79$ 1,971.36$
2036 602.57$ 563.61$ 220.25$ 330.57$ 96.25$ 157.88$ 1,971.13$
2037 627.50$ 539.50$ 234.79$ 318.18$ 92.13$ 161.04$ 1,973.16$
2038 654.52$ 514.40$ 249.34$ 304.98$ 87.82$ 164.26$ 1,975.31$
2039 681.53$ 488.22$ 263.88$ 290.95$ 83.30$ 167.54$ 1,975.43$
2040 710.62$ 460.96$ 280.51$ 276.11$ 78.57$ 170.90$ 1,977.66$
2041 739.71$ 432.54$ 297.13$ 260.33$ 73.62$ 174.31$ 1,977.63$
2042 772.95$ 402.95$ 315.83$ 243.62$ 68.43$ 177.80$ 1,981.58$
2043 806.20$ 370.10$ 334.53$ 225.85$ 62.99$ 181.36$ 1,981.02$
2044 841.52$ 335.83$ 355.31$ 207.03$ 57.29$ 184.98$ 1,981.97$
2045 881.00$ 300.07$ 378.17$ 187.05$ 51.30$ 188.68$ 1,986.27$
2046 920.48$ 262.63$ 401.02$ 165.77$ 45.01$ 192.46$ 1,987.36$
2047 962.04$ 223.51$ 425.96$ 142.21$ 38.40$ 196.31$ 1,988.42$
2048 1,003.59$ 182.62$ 452.97$ 117.19$ 31.46$ 200.23$ 1,988.06$
2049 1,049.30$ 139.97$ 482.06$ 90.58$ 24.18$ 204.24$ 1,990.32$
2050 1,097.09$ 95.37$ 513.22$ 62.26$ 16.52$ 208.32$ 1,992.79$
2051 1,146.96$ 48.75$ 546.47$ 32.11$ 8.47$ 212.49$ 1,995.24$
Total 17,969.08$ 11,356.82$ 7,322.27$ 6,605.91$ 1,941.32$ 4,213.79$ 49,409.19$
Notes:
[a] Interest on the Improvement Area #1 Initial Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250%
rate for term bonds due 2026, 2031, 2041, and 2051 respectively.
[b] Interest on the Improvement Area #1 Additional Bonds is calculated at 4.500%, 5.625%, and 5.875% rate
for term bonds due 2035, 2045, and 2051 respectively.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates.
Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets could
increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Annual
Collection
Costs
Total
Installment
Due[c]
Improvement Area #1
Initial Bonds
Improvement Area #1
Additional Bonds
Total
Additional
Interest
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 2
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #1
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 #1 LOT TYPE 3 PRINCIPAL ASSESSMENT: $30,349.62
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Principal Interest[b]
2027 508.65$ 884.10$ 172.04$ 481.51$ 151.75$ 137.34$ 2,335.39$
2028 528.60$ 865.02$ 179.52$ 473.77$ 148.34$ 161.70$ 2,356.96$
2029 548.55$ 845.20$ 189.50$ 465.69$ 144.80$ 164.93$ 2,358.67$
2030 568.49$ 824.63$ 196.98$ 457.16$ 141.11$ 168.23$ 2,356.61$
2031 590.93$ 803.31$ 206.95$ 448.30$ 137.29$ 171.60$ 2,358.38$
2032 615.87$ 781.15$ 219.42$ 438.99$ 133.30$ 175.03$ 2,363.75$
2033 640.80$ 756.52$ 229.39$ 429.11$ 129.12$ 178.53$ 2,363.47$
2034 668.23$ 730.88$ 239.37$ 418.79$ 124.77$ 182.10$ 2,364.14$
2035 695.66$ 704.15$ 251.83$ 408.02$ 120.23$ 185.74$ 2,365.64$
2036 723.08$ 676.33$ 264.30$ 396.69$ 115.49$ 189.46$ 2,365.35$
2037 753.01$ 647.40$ 281.75$ 381.82$ 110.56$ 193.25$ 2,367.79$
2038 785.42$ 617.28$ 299.21$ 365.97$ 105.38$ 197.11$ 2,370.38$
2039 817.83$ 585.87$ 316.66$ 349.14$ 99.96$ 201.05$ 2,370.52$
2040 852.74$ 553.15$ 336.61$ 331.33$ 94.29$ 205.07$ 2,373.19$
2041 887.65$ 519.04$ 356.56$ 312.39$ 88.34$ 209.18$ 2,373.16$
2042 927.54$ 483.54$ 379.00$ 292.34$ 82.12$ 213.36$ 2,377.90$
2043 967.44$ 444.12$ 401.44$ 271.02$ 75.59$ 217.63$ 2,377.23$
2044 1,009.83$ 403.00$ 426.37$ 248.44$ 68.74$ 221.98$ 2,378.36$
2045 1,057.20$ 360.08$ 453.80$ 224.46$ 61.56$ 226.42$ 2,383.52$
2046 1,104.57$ 315.15$ 481.23$ 198.93$ 54.01$ 230.95$ 2,384.84$
2047 1,154.44$ 268.21$ 511.15$ 170.66$ 46.08$ 235.57$ 2,386.10$
2048 1,204.31$ 219.14$ 543.56$ 140.63$ 37.75$ 240.28$ 2,385.67$
2049 1,259.17$ 167.96$ 578.47$ 108.69$ 29.01$ 245.08$ 2,388.38$
2050 1,316.51$ 114.45$ 615.87$ 74.71$ 19.82$ 249.98$ 2,391.34$
2051 1,376.35$ 58.50$ 655.76$ 38.53$ 10.16$ 254.98$ 2,394.28$
Total 21,562.89$ 13,628.19$ 8,786.73$ 7,927.09$ 2,329.58$ 5,056.55$ 59,291.02$
Notes:
[a] Interest on the Improvement Area #1 Initial Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250%
rate for term bonds due 2026, 2031, 2041, and 2051 respectively.
[b] Interest on the Improvement Area #1 Additional Bonds is calculated at 4.500%, 5.625%, and 5.875% rate
for term bonds due 2035, 2045, and 2051 respectively.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates.
Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets could
increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Annual
Collection
Costs
Total
Additional
Interest
Total
Installment
Due[c]
Improvement Area #1
Additional Bonds
Improvement Area #1
Initial Bonds
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 3
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #1
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 #1 LOT TYPE 4 PRINCIPAL ASSESSMENT: $20,787.41
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Principal Interest[b]
2027 348.39$ 605.55$ 117.84$ 329.80$ 103.94$ 94.07$ 1,599.58$
2028 362.05$ 592.48$ 122.96$ 324.50$ 101.61$ 110.75$ 1,614.36$
2029 375.72$ 578.90$ 129.79$ 318.97$ 99.18$ 112.97$ 1,615.53$
2030 389.38$ 564.81$ 134.92$ 313.13$ 96.65$ 115.23$ 1,614.12$
2031 404.75$ 550.21$ 141.75$ 307.05$ 94.03$ 117.53$ 1,615.33$
2032 421.83$ 535.03$ 150.29$ 300.68$ 91.30$ 119.88$ 1,619.01$
2033 438.91$ 518.16$ 157.12$ 293.91$ 88.44$ 122.28$ 1,618.82$
2034 457.69$ 500.60$ 163.95$ 286.84$ 85.46$ 124.73$ 1,619.27$
2035 476.48$ 482.30$ 172.49$ 279.47$ 82.35$ 127.22$ 1,620.30$
2036 495.26$ 463.24$ 181.03$ 271.70$ 79.11$ 129.77$ 1,620.10$
2037 515.76$ 443.43$ 192.98$ 261.52$ 75.72$ 132.36$ 1,621.77$
2038 537.96$ 422.80$ 204.94$ 250.67$ 72.18$ 135.01$ 1,623.55$
2039 560.16$ 401.28$ 216.89$ 239.14$ 68.47$ 137.71$ 1,623.64$
2040 584.07$ 378.87$ 230.55$ 226.94$ 64.58$ 140.46$ 1,625.48$
2041 607.98$ 355.51$ 244.22$ 213.97$ 60.51$ 143.27$ 1,625.45$
2042 635.30$ 331.19$ 259.59$ 200.23$ 56.25$ 146.14$ 1,628.70$
2043 662.63$ 304.19$ 274.96$ 185.63$ 51.77$ 149.06$ 1,628.24$
2044 691.66$ 276.03$ 292.03$ 170.16$ 47.08$ 152.04$ 1,629.01$
2045 724.11$ 246.63$ 310.82$ 153.74$ 42.17$ 155.08$ 1,632.55$
2046 756.56$ 215.86$ 329.61$ 136.25$ 36.99$ 158.18$ 1,633.45$
2047 790.71$ 183.70$ 350.10$ 116.89$ 31.56$ 161.35$ 1,634.31$
2048 824.87$ 150.10$ 372.30$ 96.32$ 25.86$ 164.57$ 1,634.02$
2049 862.44$ 115.04$ 396.21$ 74.45$ 19.87$ 167.87$ 1,635.88$
2050 901.72$ 78.39$ 421.83$ 51.17$ 13.58$ 171.22$ 1,637.91$
2051 942.71$ 40.07$ 449.15$ 26.39$ 6.96$ 174.65$ 1,639.92$
Total 14,769.10$ 9,334.38$ 6,018.31$ 5,429.51$ 1,595.60$ 3,463.39$ 40,610.29$
Notes:
[a] Interest on the Improvement Area #1 Initial Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250%
rate for term bonds due 2026, 2031, 2041, and 2051 respectively.
[b] Interest on the Improvement Area #1 Additional Bonds is calculated at 4.500%, 5.625%, and 5.875% rate
for term bonds due 2035, 2045, and 2051 respectively.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates.
Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets could
increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Annual
Collection
Costs
Total
Installment
Due[c]
Improvement Area #1
Additional Bonds
Total
Additional
Interest
Improvement Area #1
Initial Bonds
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 4
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #2
INITIAL PARCEL 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 INITIAL PARCEL PRINCIPAL ASSESSMENT:
$3,835,000.00
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
2027 4,000.00$ 284,865.93$ 19,175.00$ 40,000.00$ 348,040.93$
2028 57,000.00$ 231,775.50$ 19,155.00$ 40,800.00$ 348,730.50$
2029 60,000.00$ 228,327.00$ 18,870.00$ 41,616.00$ 348,813.00$
2030 63,000.00$ 224,697.00$ 18,570.00$ 42,448.32$ 348,715.32$
2031 66,000.00$ 220,885.50$ 18,255.00$ 43,297.29$ 348,437.79$
2032 69,000.00$ 216,892.50$ 17,925.00$ 44,163.24$ 347,980.74$
2033 73,000.00$ 212,718.00$ 17,580.00$ 45,046.50$ 348,344.50$
2034 77,000.00$ 208,301.50$ 17,215.00$ 45,947.43$ 348,463.93$
2035 81,000.00$ 203,643.00$ 16,830.00$ 46,866.38$ 348,339.38$
2036 85,000.00$ 198,742.50$ 16,425.00$ 47,803.71$ 347,971.21$
2037 90,000.00$ 193,600.00$ 16,000.00$ 48,759.78$ 348,359.78$
2038 95,000.00$ 188,155.00$ 15,550.00$ 49,734.98$ 348,439.98$
2039 100,000.00$ 182,407.50$ 15,075.00$ 50,729.68$ 348,212.18$
2040 106,000.00$ 176,357.50$ 14,575.00$ 51,744.27$ 348,676.77$
2041 112,000.00$ 169,944.50$ 14,045.00$ 52,779.16$ 348,768.66$
2042 118,000.00$ 163,168.50$ 13,485.00$ 53,834.74$ 348,488.24$
2043 124,000.00$ 156,029.50$ 12,895.00$ 54,911.43$ 347,835.93$
2044 132,000.00$ 148,527.50$ 12,275.00$ 56,009.66$ 348,812.16$
2045 139,000.00$ 140,541.50$ 11,615.00$ 57,129.85$ 348,286.35$
2046 147,000.00$ 132,132.00$ 10,920.00$ 58,272.45$ 348,324.45$
2047 155,000.00$ 123,238.50$ 10,185.00$ 59,437.90$ 347,861.40$
2048 165,000.00$ 113,861.00$ 9,410.00$ 60,626.66$ 348,897.66$
2049 174,000.00$ 103,878.50$ 8,585.00$ 61,839.19$ 348,302.69$
2050 184,000.00$ 93,351.50$ 7,715.00$ 63,075.97$ 348,142.47$
2051 195,000.00$ 82,219.50$ 6,795.00$ 64,337.49$ 348,351.99$
2052 207,000.00$ 70,422.00$ 5,820.00$ 65,624.24$ 348,866.24$
2053 219,000.00$ 57,898.50$ 4,785.00$ 66,936.72$ 348,620.22$
2054 232,000.00$ 44,649.00$ 3,690.00$ 68,275.45$ 348,614.45$
2055 246,000.00$ 30,613.00$ 2,530.00$ 69,640.96$ 348,783.96$
2056 260,000.00$ 15,730.00$ 1,300.00$ 71,033.78$ 348,063.78$
Total 3,835,000.00$ 4,617,573.43$ 377,250.00$ 1,622,723.23$ 10,452,546.66$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for illustrative purposes,
subject to change at pricing.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates.
Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets
could increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #2 INITIAL PARCEL
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #2
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 LOT TYPE 5 PRINCIPAL ASSESSMENT: $47,345.68
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
2027 49.38$ 3,516.86$ 236.73$ 493.83$ 4,296.80$
2028 703.70$ 2,861.43$ 236.48$ 503.70$ 4,305.31$
2029 740.74$ 2,818.85$ 232.96$ 513.78$ 4,306.33$
2030 777.78$ 2,774.04$ 229.26$ 524.05$ 4,305.13$
2031 814.81$ 2,726.98$ 225.37$ 534.53$ 4,301.70$
2032 851.85$ 2,677.69$ 221.30$ 545.23$ 4,296.06$
2033 901.23$ 2,626.15$ 217.04$ 556.13$ 4,300.55$
2034 950.62$ 2,571.62$ 212.53$ 567.25$ 4,302.02$
2035 1,000.00$ 2,514.11$ 207.78$ 578.60$ 4,300.49$
2036 1,049.38$ 2,453.61$ 202.78$ 590.17$ 4,295.94$
2037 1,111.11$ 2,390.12$ 197.53$ 601.97$ 4,300.74$
2038 1,172.84$ 2,322.90$ 191.98$ 614.01$ 4,301.73$
2039 1,234.57$ 2,251.94$ 186.11$ 626.29$ 4,298.92$
2040 1,308.64$ 2,177.25$ 179.94$ 638.82$ 4,304.65$
2041 1,382.72$ 2,098.08$ 173.40$ 651.59$ 4,305.79$
2042 1,456.79$ 2,014.43$ 166.48$ 664.63$ 4,302.32$
2043 1,530.86$ 1,926.29$ 159.20$ 677.92$ 4,294.27$
2044 1,629.63$ 1,833.67$ 151.54$ 691.48$ 4,306.32$
2045 1,716.05$ 1,735.08$ 143.40$ 705.31$ 4,299.83$
2046 1,814.81$ 1,631.26$ 134.81$ 719.41$ 4,300.30$
2047 1,913.58$ 1,521.46$ 125.74$ 733.80$ 4,294.59$
2048 2,037.04$ 1,405.69$ 116.17$ 748.48$ 4,307.38$
2049 2,148.15$ 1,282.45$ 105.99$ 763.45$ 4,300.03$
2050 2,271.60$ 1,152.49$ 95.25$ 778.72$ 4,298.06$
2051 2,407.41$ 1,015.06$ 83.89$ 794.29$ 4,300.64$
2052 2,555.56$ 869.41$ 71.85$ 810.18$ 4,306.99$
2053 2,703.70$ 714.80$ 59.07$ 826.38$ 4,303.95$
2054 2,864.20$ 551.22$ 45.56$ 842.91$ 4,303.88$
2055 3,037.04$ 377.94$ 31.23$ 859.76$ 4,305.97$
2056 3,209.88$ 194.20$ 16.05$ 876.96$ 4,297.08$
Total 47,345.68$ 57,007.08$ 4,657.41$ 20,033.62$ 129,043.79$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for
illustrative purposes, subject to change at pricing.
[b] The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Collection Costs, reserve fund requirements,
interest earnings, or other available offsets could increase or decrease the amounts
shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total
Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #2 LOT TYPE 5
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #2
LOT TYPE 6 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 LOT TYPE 6 PRINCIPAL ASSESSMENT: $57,866.94
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
2027 60.36$ 4,298.39$ 289.33$ 603.57$ 5,251.65$
2028 860.08$ 3,497.30$ 289.03$ 615.64$ 5,262.05$
2029 905.35$ 3,445.26$ 284.73$ 627.95$ 5,263.30$
2030 950.62$ 3,390.49$ 280.21$ 640.51$ 5,261.82$
2031 995.88$ 3,332.98$ 275.45$ 653.32$ 5,257.63$
2032 1,041.15$ 3,272.73$ 270.47$ 666.39$ 5,250.74$
2033 1,101.51$ 3,209.74$ 265.27$ 679.71$ 5,256.23$
2034 1,161.87$ 3,143.10$ 259.76$ 693.31$ 5,258.03$
2035 1,222.22$ 3,072.80$ 253.95$ 707.17$ 5,256.15$
2036 1,282.58$ 2,998.86$ 247.84$ 721.32$ 5,250.59$
2037 1,358.02$ 2,921.26$ 241.43$ 735.74$ 5,256.46$
2038 1,433.47$ 2,839.10$ 234.64$ 750.46$ 5,257.67$
2039 1,508.92$ 2,752.38$ 227.47$ 765.47$ 5,254.23$
2040 1,599.45$ 2,661.09$ 219.92$ 780.78$ 5,261.24$
2041 1,689.99$ 2,564.32$ 211.93$ 796.39$ 5,262.63$
2042 1,780.52$ 2,462.08$ 203.48$ 812.32$ 5,258.40$
2043 1,871.06$ 2,354.35$ 194.57$ 828.57$ 5,248.55$
2044 1,991.77$ 2,241.16$ 185.22$ 845.14$ 5,263.28$
2045 2,097.39$ 2,120.65$ 175.26$ 862.04$ 5,255.35$
2046 2,218.11$ 1,993.76$ 164.77$ 879.28$ 5,255.92$
2047 2,338.82$ 1,859.57$ 153.68$ 896.87$ 5,248.94$
2048 2,489.71$ 1,718.07$ 141.99$ 914.81$ 5,264.57$
2049 2,625.51$ 1,567.44$ 129.54$ 933.10$ 5,255.60$
2050 2,776.41$ 1,408.60$ 116.41$ 951.76$ 5,253.18$
2051 2,942.39$ 1,240.62$ 102.53$ 970.80$ 5,256.34$
2052 3,123.46$ 1,062.61$ 87.82$ 990.21$ 5,264.10$
2053 3,304.53$ 873.64$ 72.20$ 1,010.02$ 5,260.39$
2054 3,500.69$ 673.72$ 55.68$ 1,030.22$ 5,260.30$
2055 3,711.93$ 461.92$ 38.18$ 1,050.82$ 5,262.86$
2056 3,923.18$ 237.35$ 19.62$ 1,071.84$ 5,251.99$
Total 57,866.94$ 69,675.32$ 5,692.39$ 24,485.54$ 157,720.18$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for
illustrative purposes, subject to change at pricing.
[b] The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Collection Costs, reserve fund requirements,
interest earnings, or other available offsets could increase or decrease the amounts
shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total
Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #2 LOT TYPE 6
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #3
INITIAL PARCEL 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 #3 INITIAL PARCEL PRINCIPAL ASSESSMENT:
$2,452,000.00
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
2027 6,000.00$ 182,135.92$ 12,260.00$ 40,000.00$ 240,395.92$
2028 40,000.00$ 147,983.00$ 12,230.00$ 40,800.00$ 241,013.00$
2029 41,000.00$ 145,563.00$ 12,030.00$ 41,616.00$ 240,209.00$
2030 43,000.00$ 143,082.50$ 11,825.00$ 42,448.32$ 240,355.82$
2031 45,000.00$ 140,481.00$ 11,610.00$ 43,297.29$ 240,388.29$
2032 47,000.00$ 137,758.50$ 11,385.00$ 44,163.24$ 240,306.74$
2033 50,000.00$ 134,915.00$ 11,150.00$ 45,046.50$ 241,111.50$
2034 52,000.00$ 131,890.00$ 10,900.00$ 45,947.43$ 240,737.43$
2035 54,000.00$ 128,744.00$ 10,640.00$ 46,866.38$ 240,250.38$
2036 57,000.00$ 125,477.00$ 10,370.00$ 47,803.71$ 240,650.71$
2037 60,000.00$ 122,028.50$ 10,085.00$ 48,759.78$ 240,873.28$
2038 63,000.00$ 118,398.50$ 9,785.00$ 49,734.98$ 240,918.48$
2039 66,000.00$ 114,587.00$ 9,470.00$ 50,729.68$ 240,786.68$
2040 69,000.00$ 110,594.00$ 9,140.00$ 51,744.27$ 240,478.27$
2041 73,000.00$ 106,419.50$ 8,795.00$ 52,779.16$ 240,993.66$
2042 76,000.00$ 102,003.00$ 8,430.00$ 53,834.74$ 240,267.74$
2043 80,000.00$ 97,405.00$ 8,050.00$ 54,911.43$ 240,366.43$
2044 84,000.00$ 92,565.00$ 7,650.00$ 56,009.66$ 240,224.66$
2045 89,000.00$ 87,483.00$ 7,230.00$ 57,129.85$ 240,842.85$
2046 94,000.00$ 82,098.50$ 6,785.00$ 58,272.45$ 241,155.95$
2047 98,000.00$ 76,411.50$ 6,315.00$ 59,437.90$ 240,164.40$
2048 104,000.00$ 70,482.50$ 5,825.00$ 60,626.66$ 240,934.16$
2049 109,000.00$ 64,190.50$ 5,305.00$ 61,839.19$ 240,334.69$
2050 115,000.00$ 57,596.00$ 4,760.00$ 63,075.97$ 240,431.97$
2051 121,000.00$ 50,638.50$ 4,185.00$ 64,337.49$ 240,160.99$
2052 128,000.00$ 43,318.00$ 3,580.00$ 65,624.24$ 240,522.24$
2053 135,000.00$ 35,574.00$ 2,940.00$ 66,936.72$ 240,450.72$
2054 143,000.00$ 27,406.50$ 2,265.00$ 68,275.45$ 240,946.95$
2055 151,000.00$ 18,755.00$ 1,550.00$ 69,640.96$ 240,945.96$
2056 159,000.00$ 9,619.50$ 795.00$ 71,033.78$ 240,448.28$
Total 2,452,000.00$ 2,905,603.92$ 237,340.00$ 1,622,723.23$ 7,217,667.15$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for illustrative purposes,
subject to change at pricing.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates.
Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets
could increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #3 INITIAL PARCEL
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #3
LOT TYPE 7 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 #3 LOT TYPE 7 PRINCIPAL ASSESSMENT: $34,055.56
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
2027 83.33$ 2,529.67$ 170.28$ 555.56$ 3,338.83$
2028 555.56$ 2,055.32$ 169.86$ 566.67$ 3,347.40$
2029 569.44$ 2,021.71$ 167.08$ 578.00$ 3,336.24$
2030 597.22$ 1,987.26$ 164.24$ 589.56$ 3,338.28$
2031 625.00$ 1,951.13$ 161.25$ 601.35$ 3,338.73$
2032 652.78$ 1,913.31$ 158.13$ 613.38$ 3,337.59$
2033 694.44$ 1,873.82$ 154.86$ 625.65$ 3,348.77$
2034 722.22$ 1,831.81$ 151.39$ 638.16$ 3,343.58$
2035 750.00$ 1,788.11$ 147.78$ 650.92$ 3,336.81$
2036 791.67$ 1,742.74$ 144.03$ 663.94$ 3,342.37$
2037 833.33$ 1,694.84$ 140.07$ 677.22$ 3,345.46$
2038 875.00$ 1,644.42$ 135.90$ 690.76$ 3,346.09$
2039 916.67$ 1,591.49$ 131.53$ 704.58$ 3,344.26$
2040 958.33$ 1,536.03$ 126.94$ 718.67$ 3,339.98$
2041 1,013.89$ 1,478.05$ 122.15$ 733.04$ 3,347.13$
2042 1,055.56$ 1,416.71$ 117.08$ 747.70$ 3,337.05$
2043 1,111.11$ 1,352.85$ 111.81$ 762.66$ 3,338.42$
2044 1,166.67$ 1,285.63$ 106.25$ 777.91$ 3,336.45$
2045 1,236.11$ 1,215.04$ 100.42$ 793.47$ 3,345.04$
2046 1,305.56$ 1,140.26$ 94.24$ 809.34$ 3,349.39$
2047 1,361.11$ 1,061.27$ 87.71$ 825.53$ 3,335.62$
2048 1,444.44$ 978.92$ 80.90$ 842.04$ 3,346.31$
2049 1,513.89$ 891.53$ 73.68$ 858.88$ 3,337.98$
2050 1,597.22$ 799.94$ 66.11$ 876.06$ 3,339.33$
2051 1,680.56$ 703.31$ 58.13$ 893.58$ 3,335.57$
2052 1,777.78$ 601.64$ 49.72$ 911.45$ 3,340.59$
2053 1,875.00$ 494.08$ 40.83$ 929.68$ 3,339.59$
2054 1,986.11$ 380.65$ 31.46$ 948.27$ 3,346.49$
2055 2,097.22$ 260.49$ 21.53$ 967.24$ 3,346.47$
2056 2,208.33$ 133.60$ 11.04$ 986.58$ 3,339.56$
Total 34,055.56$ 40,355.61$ 3,296.39$ 22,537.82$ 100,245.38$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for
illustrative purposes, subject to change at pricing.
[b] The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Collection Costs, reserve fund requirements,
interest earnings, or other available offsets could increase or decrease the amounts
shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total
Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #3 LOT TYPE 7
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #4
INITIAL PARCEL 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 #4 INITIAL PARCEL PRINCIPAL ASSESSMENT:
$3,590,000.00
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
Capitalized
Interest
2027 -$ 266,667.19$ 17,950.00$ (266,667.19)$ 40,000.00$ 57,950.00$
2028 54,000.00$ 217,195.00$ 17,950.00$ -$ 40,800.00$ 329,945.00$
2029 57,000.00$ 213,928.00$ 17,680.00$ -$ 41,616.00$ 330,224.00$
2030 59,000.00$ 210,479.50$ 17,395.00$ -$ 42,448.32$ 329,322.82$
2031 62,000.00$ 206,910.00$ 17,100.00$ -$ 43,297.29$ 329,307.29$
2032 66,000.00$ 203,159.00$ 16,790.00$ -$ 44,163.24$ 330,112.24$
2033 69,000.00$ 199,166.00$ 16,460.00$ -$ 45,046.50$ 329,672.50$
2034 73,000.00$ 194,991.50$ 16,115.00$ -$ 45,947.43$ 330,053.93$
2035 76,000.00$ 190,575.00$ 15,750.00$ -$ 46,866.38$ 329,191.38$
2036 81,000.00$ 185,977.00$ 15,370.00$ -$ 47,803.71$ 330,150.71$
2037 85,000.00$ 181,076.50$ 14,965.00$ -$ 48,759.78$ 329,801.28$
2038 89,000.00$ 175,934.00$ 14,540.00$ -$ 49,734.98$ 329,208.98$
2039 94,000.00$ 170,549.50$ 14,095.00$ -$ 50,729.68$ 329,374.18$
2040 99,000.00$ 164,862.50$ 13,625.00$ -$ 51,744.27$ 329,231.77$
2041 105,000.00$ 158,873.00$ 13,130.00$ -$ 52,779.16$ 329,782.16$
2042 111,000.00$ 152,520.50$ 12,605.00$ -$ 53,834.74$ 329,960.24$
2043 117,000.00$ 145,805.00$ 12,050.00$ -$ 54,911.43$ 329,766.43$
2044 123,000.00$ 138,726.50$ 11,465.00$ -$ 56,009.66$ 329,201.16$
2045 130,000.00$ 131,285.00$ 10,850.00$ -$ 57,129.85$ 329,264.85$
2046 138,000.00$ 123,420.00$ 10,200.00$ -$ 58,272.45$ 329,892.45$
2047 146,000.00$ 115,071.00$ 9,510.00$ -$ 59,437.90$ 330,018.90$
2048 154,000.00$ 106,238.00$ 8,780.00$ -$ 60,626.66$ 329,644.66$
2049 163,000.00$ 96,921.00$ 8,010.00$ -$ 61,839.19$ 329,770.19$
2050 172,000.00$ 87,059.50$ 7,195.00$ -$ 63,075.97$ 329,330.47$
2051 182,000.00$ 76,653.50$ 6,335.00$ -$ 64,337.49$ 329,325.99$
2052 193,000.00$ 65,642.50$ 5,425.00$ -$ 65,624.24$ 329,691.74$
2053 204,000.00$ 53,966.00$ 4,460.00$ -$ 66,936.72$ 329,362.72$
2054 216,000.00$ 41,624.00$ 3,440.00$ -$ 68,275.45$ 329,339.45$
2055 229,000.00$ 28,556.00$ 2,360.00$ -$ 69,640.96$ 329,556.96$
2056 243,000.00$ 14,701.50$ 1,215.00$ -$ 71,033.78$ 329,950.28$
Total 3,590,000.00$ 4,318,533.69$ 352,815.00$ (266,667.19)$ 1,622,723.23$ 9,617,404.73$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for illustrative purposes, subject to change at
pricing.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease
the amounts shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #4 INITIAL PARCEL
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IMPROVEMENT AREA #4
LOT TYPE 8 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 #4 LOT TYPE 8 PRINCIPAL ASSESSMENT: $31,217.39
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Principal Interest[a]Additional
Interest
Capitalized
Interest
2027 -$ 2,318.85$ 156.09$ (2,318.85)$ 347.83$ 503.91$
2028 469.57$ 1,888.65$ 156.09$ -$ 354.78$ 2,869.09$
2029 495.65$ 1,860.24$ 153.74$ -$ 361.88$ 2,871.51$
2030 513.04$ 1,830.26$ 151.26$ -$ 369.12$ 2,863.68$
2031 539.13$ 1,799.22$ 148.70$ -$ 376.50$ 2,863.54$
2032 573.91$ 1,766.60$ 146.00$ -$ 384.03$ 2,870.54$
2033 600.00$ 1,731.88$ 143.13$ -$ 391.71$ 2,866.72$
2034 634.78$ 1,695.58$ 140.13$ -$ 399.54$ 2,870.03$
2035 660.87$ 1,657.17$ 136.96$ -$ 407.53$ 2,862.53$
2036 704.35$ 1,617.19$ 133.65$ -$ 415.68$ 2,870.88$
2037 739.13$ 1,574.58$ 130.13$ -$ 424.00$ 2,867.84$
2038 773.91$ 1,529.86$ 126.43$ -$ 432.48$ 2,862.69$
2039 817.39$ 1,483.04$ 122.57$ -$ 441.13$ 2,864.12$
2040 860.87$ 1,433.59$ 118.48$ -$ 449.95$ 2,862.88$
2041 913.04$ 1,381.50$ 114.17$ -$ 458.95$ 2,867.67$
2042 965.22$ 1,326.27$ 109.61$ -$ 468.13$ 2,869.22$
2043 1,017.39$ 1,267.87$ 104.78$ -$ 477.49$ 2,867.53$
2044 1,069.57$ 1,206.32$ 99.70$ -$ 487.04$ 2,862.62$
2045 1,130.43$ 1,141.61$ 94.35$ -$ 496.78$ 2,863.17$
2046 1,200.00$ 1,073.22$ 88.70$ -$ 506.72$ 2,868.63$
2047 1,269.57$ 1,000.62$ 82.70$ -$ 516.85$ 2,869.73$
2048 1,339.13$ 923.81$ 76.35$ -$ 527.19$ 2,866.48$
2049 1,417.39$ 842.79$ 69.65$ -$ 537.73$ 2,867.57$
2050 1,495.65$ 757.04$ 62.57$ -$ 548.49$ 2,863.74$
2051 1,582.61$ 666.55$ 55.09$ -$ 559.46$ 2,863.70$
2052 1,678.26$ 570.80$ 47.17$ -$ 570.65$ 2,866.88$
2053 1,773.91$ 469.27$ 38.78$ -$ 582.06$ 2,864.02$
2054 1,878.26$ 361.95$ 29.91$ -$ 593.70$ 2,863.82$
2055 1,991.30$ 248.31$ 20.52$ -$ 605.57$ 2,865.71$
2056 2,113.04$ 127.84$ 10.57$ -$ 617.69$ 2,869.13$
Total 31,217.39$ 37,552.47$ 3,067.96$ (2,318.85)$ 14,110.64$ 83,629.61$
Notes:
[a] Interest on the Improvement Area #2-4 Bonds is calculated at 6.05% for illustrative purposes,
subject to change at pricing.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan
Updates. Changes in Collection Costs, reserve fund requirements, interest earnings, or other
available offsets could increase or decrease the amounts shown.
Annual
Installment
Due 1/31
Improvement Area #2-4 Bonds Annual
Collection
Costs
Total
Installment
Due[b]
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #4 LOT TYPE 8
SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 MAJOR IMPROVEMENT
AREA INITIAL PARCEL 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
MAJOR IMPROVEMENT AREA INITIAL PARCEL PRINCIPAL ASSESSMENT:
$0.00
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Anna, 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 Sherley Tract Public Improvement District No. 2 (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 of Anna, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale
and to be recorded in the deed records of 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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1),
Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF _______ §
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
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
Installment Due
1/31 Principal Interest Additional
Interest
Annual Collection
Costs
Total Installment
Due[a]
2027 -$ -$ -$ -$ -$
2028 -$ -$ -$ -$ -$
2029 -$ -$ -$ -$ -$
2030 -$ -$ -$ -$ -$
2031 -$ -$ -$ -$ -$
2032 -$ -$ -$ -$ -$
2033 -$ -$ -$ -$ -$
2034 -$ -$ -$ -$ -$
2035 -$ -$ -$ -$ -$
2036 -$ -$ -$ -$ -$
2037 -$ -$ -$ -$ -$
2038 -$ -$ -$ -$ -$
2039 -$ -$ -$ -$ -$
2040 -$ -$ -$ -$ -$
2041 -$ -$ -$ -$ -$
2042 -$ -$ -$ -$ -$
2043 -$ -$ -$ -$ -$
2044 -$ -$ -$ -$ -$
2045 -$ -$ -$ -$ -$
2046 -$ -$ -$ -$ -$
2047 -$ -$ -$ -$ -$
2048 -$ -$ -$ -$ -$
2049 -$ -$ -$ -$ -$
2050 -$ -$ -$ -$ -$
2051 -$ -$ -$ -$ -$
Total -$ -$ -$ -$ -$
Notes:
[a] The Major Improvement Area Assessment was prepaid in full. As a result, no outstanding Assessment
remains with respect to the Major Improvement Area Assessment, and no further Annual Installments thereof
shall be due after such Prepayment.
ANNUAL INSTALLMENTS - MAJOR IMPROVEMENT AREA INITIAL PARCEL
EXHIBIT B
CITY OF ANNA, TEXAS
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN THAT a public hearing will be conducted by the City Council of Anna,
Texas on May 26, 2026 at 6:00 p.m.at the Anna Municipal Complex, Council Chambers, 120 W. 7th Street,
Anna, Texas 75409. The public hearing will be held to consider proposed assessments to be levied against
the assessable property within Improvement Area #2, Improvement Area #3, and Improvement #4 of the
Sherley Tract Public Improvement District No. 2 (the “District”) pursuant to the provisions of Chapter 372
of the Texas Local Government Code, as amended (the “Act”).
The general nature of the proposed public improvements (collectively, the "Authorized Improvements")
may include: (i) street and roadway improvements, including related sidewalks, drainage, utility relocation,
signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment or
improvement of parks and open space, together with the design, construction and maintenance of any
ancillary structures, features or amenities such as trails, playgrounds, walkways, lighting and any similar
items located therein; (iii) sidewalks and landscaping, including entry monuments and features, fountains,
lighting and signage; (iv) acquisition, construction, and improvement of water, wastewater and drainage
improvements and facilities; (v) projects similar to those listed in subsections (i) - (iv) above authorized by
the Act, including similar off-site projects that provide a benefit to the property within the District; (vi)
special supplemental services for improvement and promotion of the district; (vii) payment of costs
associated with operating and maintaining the public improvements listed in subparagraphs (i) - (vi) above;
and (viii) payment of costs associated with developing and financing the public improvements listed in
subparagraphs (i) - (vi) above, and costs of establishing, administering and operating the District. These
Authorized Improvements shall promote the interests of the City and confer a special benefit upon the
Property.
The total estimated costs of the Improvement Area #2 Projects, the Improvement Area #3 Projects, and the
Improvement Area #4 Projects, including the estimated total costs of issuing the bonds, is approximately
$__________.
The boundaries of the District include approximately 289.751 acres of land generally located west of U.S.
Highway 75 and within the corporate limits of the City, and as more particularly described by a metes and
bounds description available at the office of the City Secretary, Anna Municipal Complex, 120 W. 7th Street,
Anna, Texas 75409 and available for public inspection.
All written or oral objections on the proposed assessment within the District will be considered at the public
hearing.
A copy of the Improvement Area #2 Assessment Roll, the Improvement Area #3 Assessment Roll, and the
Improvement Area #4 Assessment Roll, (collectively, the "Assessment Rolls"), which Assessment Rolls
include the assessments to be levied against each parcel in the District for the Improvement Area #2
Projects, the Improvement Area #3 Projects, and the Improvement Area #4 Projects, is available for public
inspection at the office of the City Secretary, Anna Municipal Complex, 120 W. 7th Street, Anna, Texas
75409.
Item No. 7.a.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Everett Johnson
AGENDA ITEM:
Conduct a Public Hearing/Consider/Discuss/Action for a recommendation regarding a
request for a Specific Use Permit for an Auto Repair, Light on 1.2± acres on the west
side of US Highway 75, 1,000± feet north of W. Rosamond Parkway. (SUP 26-
0002)(Senior Planner Lauren Mecke)
SUMMARY:
Request for a Specific Use Permit for an Auto Repair - Light on on the west side of US
Highway 75, 1,000± feet north of W. Rosamond Parkway.
The Planning & Zoning Commission recommended approval as submitted at the April
6th, 2026 Planning & Zoning Commission meeting.
Staff recommended for approval as submitted.
BACKGROUND:
Date Submitted 3/4/2026 Jurisdiction City of Anna
Owner DSF Standridge LP
Representative/Applicant Vasquez Engineering LLC
Requested Action Get a recommendation for approval of the SUP
Purpose To build a tire shop
Land Area 1.1± acres
Location
The west side of US Highway 75, 1,000± feet north of W.
Rosamond Parkway
Comp Plan Designation Regional Activity Center
Existing Zoning Planned Development (Ord. No. 1111-2024-08)
Public Notice 3/17/2026
Surrounding Properties
Land Use Zoning
Comp Plan
Designation
North
Vacant
Commercial
Planned Development (Ord. No. 1111-
2024-08)
Regional
Activity
Center
East
Vacant
Commercial
Planned Development (Ord. No. 1111-
2024-08)
Regional
Activity
Center
South
Vacant
Commercial
Planned Development (Ord. No. 1111-
2024-08)
Regional
Activity
Center
West
Vacant
Commercial
Planned Development (Ord. No. 1111-
2024-08)
Regional
Activity
Center
HISTORY
Ordinance No. 1111-2024-08 - City Council zoned Liberty Hills as Planned
Development/Regional Commercial District (PD/C-2).
COMPATIBILITY CONSIDERATIONS
Specific Use Permit
When considering an application for a Specific Use Permit, the Planning & Zoning
Commission may recommend, and the City Council may establish, conditions and
regulations necessary to protect the health, safety, morals, and general welfare of the
neighborhood and/or the city. In addition, the use shall be in general conformance with
the Comprehensive Plan and general objectives of the city. The Specific Use standards
for Auto Repair, Light are provided in Section 9.04.031(d) of the Zoning Ordinance as
follows:
(d) Auto Repair, Light.
(1) All Auto Repair, Light activities shall take place within an enclosed space.
(2) An Auto Repair, Light facility shall be located one hundred fifty (150) feet from any
residential district or school use.
Staff Response:
• The applicant understands that all business activities must be conducted within
the building.
CONCLUSION
The associated Preliminary Site Plan is in conformance with the C-2 district.
ATTACHMENTS:
1. Locator Map - Discount Tire (SUP 26-0002)
2. Ordinance - Discount Tire (SUP 26-0002)
3. Exhibit A - Discount Tire (SUP 26-0002)
4. Exhibit B - Discount Tire (SUP 26-0002)
1
CITY OF ANNA, TEXAS
(Property rezoned under this ordinance is generally located on the west side of US
Highway 75, 1,000± feet north of W. Rosamond Parkway)
ORDINANCE NO. ________________
AN ORDINANCE OF THE CITY OF ANNA, TEXAS AMENDING THE CITY’S
COMPREHENSIVE PLAN, ZONING MAP, AND ZONING ORDINANCE AND CHANGING THE
ZONING OF CERTAIN PROPERTY AS DESCRIBED HEREIN; PROVIDING FOR SAVINGS,
REPEALING AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE;
PROVIDING FOR A PENALTY CLAUSE NOT TO EXCEED $2,000 OR THE HIGHEST
PENALTY AMOUNT ALLOWED BY LAW, WHICHEVER IS LESS; AND, PROVIDING FOR THE
PUBLICATION OF THE CAPTION HEREOF.
WHEREAS, the City of Anna, Texas (“City”) has previously adopted ordinances, rules and
regulations governing the zoning in the City; and
WHEREAS, the City Council received an annexation petition and requested a Specific Use Permit
on Property described in Exhibit A (“Property”) and depicted in Exhibit B (“Preliminary Site Plan”)
attached hereto and incorporated herein for all purposes as if set forth in full; and
WHEREAS, said Property is generally located on the west side of US Highway 75, 1,000± feet
north of W. Rosamond Parkway, is being zoned with Specific Use Permit for Auto Repair, Light;
and
WHEREAS, the Planning and Zoning Commission of the City and the City Council of the City of
Anna (“City Council”) have given the requisite notices by publication and otherwise and have held
the public hearings as required by law and afforded a full and fair hearing to all property owners
and generally to all persons interested in and situated in the affected area and in the vicinity
thereof, the City Council has concluded that the Zoning Ordinance of the City should be amended
as set forth below.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA,
TEXAS THAT:
Section 1. Recitals Incorporated
The above recitals are incorporated herein by reference for all purposes.
Section 2. Zoning Change
The Anna City Code of Ordinances are hereby amended by establishing the zoning of the Property
described in Exhibit A and depicted in Exhibit B to Regional Commercial (C-2) Specific Use Permit
for Auto Repair, Light with the additional restrictions as follows:
2
1. Site shall develop in accordance with the Specific Use standards set forth in Zoning
Ordinance Section 9.04.031(d) as follows:
(d) Auto Repair, Light.
(1) All Auto Repair, Light activities shall take place within an enclosed space.
(2) An Auto Repair, Light facility shall be located one hundred fifty (150) feet from any
residential district or school use.
Section 3. Official Zoning Map
The official Zoning Map of the City shall be corrected to reflect the change in zoning described
herein.
Section 4. Savings, Repealing and Severability Clauses
It is hereby declared to be the intention of the City Council that the words, sentences, paragraphs,
subdivisions, clauses, phrases, and provisions of this ordinance are severable and, if any phrase,
sentence, paragraph, subdivision, clause, or provision of this ordinance shall be declared
unconstitutional or otherwise invalid or inapplicable by the valid judgment or decree of any court
of competent jurisdiction, such unconstitutionality, invalidity or inapplicability shall not affect any
of the remaining words, sentences, paragraphs, subdivisions, clauses, phrases, or provisions of
this ordinance, since the same would have been enacted by the City Council without the
incorporation in this ordinance of any such unconstitutional, invalid or inapplicable words,
sentences, paragraphs, subdivisions, clauses, phrases, or provisions. Further, all ordinances or
parts of ordinances in force when the provisions of this ordinance become effective that are
consistent and do not conflict with the terms and provisions of this ordinance are hereby ratified
to the extent of such consistency and lack of conflict, and all ordinances or parts of ordinances in
force when the provisions of this ordinance become effective that are inconsistent or in conflict
with the terms and provisions contained in this ordinance are hereby repealed only to the extent
of any such conflict.
Section 5. Penalty
Any violation of any of the terms of this ordinance, whether denominated in this ordinance as
unlawful or not, shall be deemed a misdemeanor. Any person convicted of any such violation shall
be fined in an amount not to exceed $2,000 for each incidence of violation. Each day a violation
exists is considered a separate offense and will be punished separately.
Section 6. Publication of the Caption and Effective Date
This ordinance shall be effective upon its passage by the City Council, approval by the Mayor,
and posting and/or publication, if required by law, of its caption. The City Secretary is hereby
authorized and directed to implement such posting and/or publication.
PASSED by the City Council of the City of Anna, Texas this 28th day of April 2026.
3
CONSTRUCTION DOCUMENT
DATE
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LEGEND
EXISTING PROPOSED
PROPERTY LINE
PAVEMENT
PARKING COUNT
WALK (PRVT)
GAS
O.H. ELECTRIC
WATER
SANITARY SEWER
STORM SEWER
TELEPHONE
FIRE HYDRANT
WATER VALVE
WATER METER
NOTES
1. TOPOGRAPHY BASE ON SURVEY PREPARED BY PEISER & MANKIN
SURVEYING, LLC., DATED 02/10/2026.
SITE PLAN GENERAL NOTES
1. BUILDINGS 6,000 SQUARE FEET OR GREATER SHALL BE 100% FIRE SPRINKLED.
2. FIRE LANES SHALL BE DESIGNED AND CONSTRUCTED PER CITY STANDARDS.
3. HANDICAPPED PARKING AREAS SHALL BE DESIGNED AND PROVIDED PER CITY
STANDARDS AND SHALL COMPLY WITH REQUIREMENTS OF THE CURRENT,
ADOPTED INTERNATIONAL BUILDING CODE.
4. FOUR-FOOT WIDE SIDEWALKS SHALL BE PROVIDED 2.5 FEET OFF OF THE
PROPERTY LINE WITHIN THE RIGHTS-OF-WAY, UNLESS A SIDEWALK EASEMENT
IS PROVIDED FOR A MEANDERING SIDEWALK OR AN ALTERNATIVE DESIGN IS
APPROVED BY THE CITY. BARRIER-FREE RAMPS, PER CITY STANDARDS, SHALL
BE PROVIDED ON SIDEWALKS AT ALL CURB CROSSINGS.
5. MECHANICAL UNITS, DUMPSTERS, AND TRASH COMPACTORS SHALL BE SCREENED
IN ACCORDANCE WITH THE ZONING ORDINANCE.
6. ALL SIGNAGE CONTINGENT UPON APPROVAL BY BUILDING INSPECTION DEPARTMENT.
7. APPROVAL OF THE SITE PLAN IS NOT FINAL UNTIL ALL ENGINEERING PLANS ARE
APPROVED.
8. OPEN STORAGE, WHERE PERMITTED, SHALL BE SCREENED IN ACCORDANCE WITH
THE ZONING ORDINANCE.
9. BUILDING FACADES WITHIN THIS DEVELOPMENT SHALL BE COMPATIBLE, AS
PROVIDED IN THE RETAIL CORNER DESIGN GUIDELINES.
10. OUTDOOR LIGHTING SHALL COMPLY WITH ILLUMINATION STANDARDS WITH SECTION
6-466 OF THE CODE OF ORDINANCES.
11. PLEASE CONTACT THE BUILDING INSPECTION DEPARTMENT TO DETERMINE THE
TYPE OF CONSTRUCTION AND OCCUPANCY GROUP.
12. ALL ELECTRICAL TRANSMISSION, DISTRIBUTION, AND SERVICE LINES MUST BE
UNDERGROUND.
13. USES SHALL CONFORM IN OPERATION, LOCATION, AND CONSTRUCTION TO THE
FOLLOWING PERFORMANCE STANDARDS IN ARTICLE 24 OF THE ZONING
ORDINANCE; NOISE, SMOKE AND PARTICULATE MATTER, ODOROUS MATTER, FIRE
OR EXPLOSIVE MATERIAL, TOXIC AND NOXIOUS MATTER, VIBRATION, AND/OR
OTHER PERFORMANCE STANDARDS.
CONTOUR
WALK (CITY)
LANDSCAPE
GENERAL SITE DATA
ZONING PD W/C1/C2 USES
LAND USE AUTO REPAIR, LIGHT
LOT AREA 1.183 ACRES, 51,520 SF
BUILDING FOOTPRINT AREA 7,320 SF
TOTAL BUILDING AREA 7,320 SF
BUILDING HEIGHT 1-STORY
BUILDING HEIGHT 24'
LOT COVERAGE 14.2%
PARKING
PARKING RATIO (1/500 SF)
REQUIRED PARKING 15
TOTAL PARKING PROVIDED 30
ACCESSIBLE PARKING REQUIRED 2
ACCESSIBLE PARKING PROVIDED 2
SITE SUMMARY PRELIMINARY SITE PLAN
BLOCK C, LOT 1
BUILDING LINE
BARRIER FREE RAMP
FIRELANE
INLET
FIRE DEPT. CONN
WATER EASEMENT
Item No. 7.b.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact: Kevin Bates
AGENDA ITEM:
Consider/Discuss/Action on a Resolution to enter into an Agreement with FREESE AND
NICHOLS, INC. in an amount not to exceed $902,725 to provide Engineering design
services for the Sherley Farms 3.0 MG Elevated Storage Tank (EST) in the City of
Anna, Texas. (City Engineer Kevin Bates).
SUMMARY:
This item is to approve the execution of a professional service agreement with FREESE
AND NICHOLS, INC to design a Sherley Farms 3.0 MG elevated storage tank (EST).
Full plans and specifications and provide construction phase services.
FINANCIAL IMPACT:
The funding source for this project will be Water Impact Fee.
BACKGROUND:
The Texas Commission on Environmental Quality (TCEQ) regulation 290.45 (b) (1) (D)
(iii) requires 200 gallons of elevated storage per connection. To meet this TCEQ
requirement and stay ahead of the growth the addition of Sherley Farms 3.0MG EST is
required. This addition will provide the capacity till around 2030-2031 at the current
growth rate.
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Resilient.
ATTACHMENTS:
1. FNI Signed - Sherley Farms 3.0 MG EST Contract
2. Resolution - Authorizing City Manager to Execute an Agreement for Professional
Services with FNI
Master PSA
PSPO #
Professional Service Project Order #
Pursuant to and subject to the referenced Master Agreement for Professional Services (”Master PSA”)),
between the City and Firm, City hereby requests that Firm perform, and Firm agrees to perform, the work
described below upon the terms and conditions set forth in said Master PSA, which are incorporated herein
by reference for all purposes, and in this “Professional Service Project Order” (PSPO).
MAPES #
MASTER PSA CATEGORY: G – UTILITY FACILITY
ENGINEERING
ANNA PROJECT CODE:
FIRM NAME FREESE AND NICHOLS, INC.
Project Name: Sherley Farms 3.0 MG EST
Consultant Project #: TBD
# Of Consecutive Business
Days to Complete Project: 744 business days (Includes Est. Construction Duration)
Original Project Fee: $902,725
OWNER OPTIONAL INFORMATION:
1. Date and Time to Commence: Upon Receipt of Signed Professional Services Project Order,
City’s purchase order and Notice to Proceed.
2. Other: Architectural Barrier Requirements: Yes ___ No X
INVOICE SUBMITTAL
Billing Period:
Monthly-Through the end of each month, billed by the 10th of the
following month.
Invoice Mailing Instructions:
Mail to: City of Anna
Accounts Payable/Public Works
P.O. Box 776
Anna, TX 75409
Include work order number, PO number, billing period, and project
name.
Master PSA
PSPO #
Documents:
The “PSPO DOCUMENTS” as that term is used herein, shall mean and include the following
documents, and expressly incorporates the following by reference for all purposes.
a. Master Agreement for Professional Services / _______________effective July 27, 2021; and
b. This Professional Services Project Order (PSPO) # __________ ; and
This PSPO shall incorporate the terms of all the documents in their entirety. To the extent that
there are any conflicts with provisions of the Master PSA, this PSPO or each other, the provisions
of the Master PSA, then the provisions of this PSPO shall prevail in that order.
Scope of Services (describe in detail): See attached Exhibit A.
Schedule of Work and Completion Deadline(s):
Acceptance:
The individuals executing this Agreement on behalf of the respective parties below represent to each other that all
appropriate and necessary action has been taken to authorize the individual who is executing this Agreement to do
so for and on behalf of the party for which his or her signature appears, that there are no other parties or entities
required to execute this Agreement in order for the same to be an authorized and binding agreement on the other
party for whom the individual is signing this Agreement and that each individual affixing his or her signature hereto
is authorized to do so, and such authorization is valid and effective on the date hereof.
CITY OF ANNA, TEXAS FIRM: FREESE AND NICHOLS, INC.
Signature Signature
Clayton Barnard – Principal / Vice President
Printed Name & Title Printed Name & Title
Date Date
April 10, 2026
EXHIBIT A
SCOPE OF SERVICES AND RESPONSIBILITIES OF CLIENT
PROJECT UNDERSTANDING
A. The City of Anna (Client) is proceeding with the design and construction of the Sherley Farms 3.0 MG
Elevated Storage Tank (EST) Project. The Project will increase storage capacity and water supply in
anticipation for growth and increased demands noted in the Client’s ongoing Water Capital
Improvements Plan updates. This Project will include the following facilities and/or design aspects:
1. 3.0 MG composite EST.
2. EST site improvements including site water, wastewater stub out provisions, supporting piping
appurtenances, valves, site power distribution, site lighting, fencing, grading and drainage,
driveway and parking, and supporting EST electrical/instrumentation aspects.
3. EST security aspects including local access control in the form of a gate operator and key card.
EST video surveillance system including onsite recording with remote viewing capabilities. The
videos surveillance system will be designed with the capability to be expanded and/or integrated
with the Client’s future video surveillance system.
4. Red-Green-Blue-White (RGBW) bowl lighting for 2 logos, with evaluation of both pole or bowl
mounted light fixtures. Coordination with the City will be performed in order to determine
desired controls for the RGBW lighting.
5. Provisions for telecommunication mounting systems around the stem of the EST.
6. Additional EST floors and/or interior stair system.
7. Onsite generator with a sub-base fuel tank as back up power for the EST power needs.
8. FNI will design underground duct banks, and concrete equipment pads for electric utility
equipment if required. FNI will coordinate with the power provider on the size of power needed
as well as location of connection point for the transformer/meter.
9. SCADA communication from EST to Operator Work Station (OWS) will be facilitated with radio as
the primary and cellular as the secondary. A radio path study will be conducted as part of the
radio system design. Provisions for future fiber interconnection will be provided in the form of a
dedicated pull box with spare 4” conduits.
10. EST mixing system power and controls.
11. Site/EST planning needs to support addition of future antenna and/or generator additions.
12. TWDB WSIG grant application and funding coordination.
B. The following facilities are not part of the Project, and will be provided by others or can be provided
as an Additional Service:
1. Detailed site planning and/or design of the adjacent Anna Fire Department improvements.
2. Offsite pipeline aspects beyond the EST site boundary. Connection will be made to the Client’s
existing 12” water main adjacent to the EST site with stubout provisions for the Client’s future FM
2862 water main improvements.
3. Off-site SCADA improvements and/or control facilities at the Client’s operations center.
4. On-site septic wastewater design and implementation.
5. Detailed stormwater analysis and/or design for conveyance of overflow discharge.
6. Electric power service to the proposed 3.0 MG EST site, which will be provided by the electric
utility company. Connection will be on the secondary side of the utility transformer(s).
7. EST logo rendering and/or design. City to provide logo to be utilized on the EST.
8. Environmental mitigation required for the Project.
9. Hydraulic Analysis regarding tank sizing, location, and associated piping is provided by others in
support of design efforts.
10. For TCEQ PTRS Chapter 290 Application and Review, it is assumed the City’s Master Plan will be
utilized and provided by others.
C. The Project will include the following construction bid package:
1. Sherley Farms 3.0 MG EST
D. The Project procurement method will include conventional bid procurement.
ARTICLE I
BASIC SERVICES: FNI shall render the following professional services in connection with the development of
the Project:
GENERAL REQUIREMENTS: Upon execution of this Agreement and throughout the duration of the
Project, FNI shall perform the below items. These services will be incorporated accordingly into the
subsequent tasks.
1. Conduct kickoff meeting to review scope, schedule, and budget; determine any special conditions
that may affect design and/or construction; discuss administrative requirements of Owner; and
to develop design criteria.
2. Manage efforts of internal design team and subconsultants on the Project and perform Quality
Control review of all deliverables.
3. Prepare meeting agendas and minutes and attend the following meetings:
a. Attend up to four (4) meetings with third parties, utility providers, including developers or
other consultants providing services to Client.
b. Attend up to three (3) workshops for review of milestone design submittals (30%, 65% and
100%).
c. Attend up to three (3) periodic meetings throughout the final design phase.
d. No public or planning/development meetings are anticipated, but can be provided as an
Additional Service.
4. Prepare a Microsoft Project schedule and provide monthly updates. The project schedule will
not be resource loaded.
5. Prepare monthly reporting including status report, recent activities, upcoming activities, action
items log, decisions made log, budget updates, schedule updates, and scope changes. Prepare
monthly invoices.
6. FNI will coordinate with other engineering consultants, utility companies, franchise utilities,
Client, pipeline companies, and any other entity which has facilities within or adjacent to the
Project.
7. Specific design requirements shall be obtained from the City of Anna Engineering Design
Standards. FNI will establish and summarize design criteria. The design criteria will be reviewed
by the Client for approval prior to beginning design work.
8. Deliverables include the following:
a. Agendas and minutes for all meetings
b. Project schedule updated monthly
c. Monthly reporting
d. Monthly invoices
A. TASK 1 - PRELIMINARY DESIGN PHASE: FNI shall provide professional services in this phase as follows:
1. Preliminary Design Phase (30% Design)
a. Initiate the survey subconsultant to complete the boundary and topo surveying efforts for
preparation of the Intermediate Design Plans.
b. Prepare preliminary design documents consisting of final design criteria, preliminary
drawings and outline specifications (Table of Contents).
c. Based on the information contained in the preliminary design documents, submit a revised
OPCC.
d. Provide design submittal at 30% design milestone for Client review.
e. Focus of the 30% design will be primarily focused on site design and general configuration.
FNI will coordinate with Engineering department for considerations of the future fire
department building (by others) and developer needs ahead of final design efforts.
Coordination will be limited to general grading and drainage aspects. Provisions for fire
department training within the EST will not be considered as part of this scope, but can be
provided as an additional service.
f. Limited focus will be provided on tank details and electrical design at this stage.
g. Furnish two (2) printed copies and one electronic copy (.pdf format) of the above preliminary
design documents and present and review them with Client.
2. Deliverables for the Preliminary Design Phase include:
a. Specification Table of Contents
b. 30% OPCC
c. 30% review submittal of Plans
B. TASK 2 - FINAL DESIGN PHASE: FNI shall provide professional services in this phase as follows once
30% design workshop has been held and site layout has been agreed upon:
1. Prepare drawings, specifications, construction contract documents (Contract Documents),
designs, and layouts of improvements to be constructed (if surveys are to be furnished, they are
Special Services, pursuant to Article II, or Additional Services, pursuant to Article III).
2. Furnish such information necessary to utility companies whose facilities may be affected or
services may be required for the Project.
3. Prepare revised OPCC.
4. Prepare bidder’s proposal forms (project quantities) of the improvements to be constructed.
3. Provide draft design submittals at 65% and 100% design milestones for Client review.
5. Conduct a technical design preference meeting with Client staff to cover tank operation
preferences, security, layout, logos, lighting, accessibility, mixing system, etc.
6. FNI will advise the Client of any geotechnical, soil, foundation, or other subsurface investigations
or any special surveys, or special testing which, in the opinion of the FNI, may be required for the
proper execution of the Project, and assist the Client in arranging for the conduct of such
investigations and tests. The performance of geotechnical investigations and tests will not be a
part of the FNI's Basic Engineering Services and will not be included unless specifically authorized
in writing under "Special Services Task J – Geotechnical Investigations."
7. Provide general plan sheets, including cover sheet, index, general notes, project control (1”=100’
scale), and applicable Client standard details.
8. Provide layout, elevation, details, and specifications for the proposed elevated storage tank,
showing tank and pedestal, inlet and outlet lines, drains, overflow, interior and yard piping,
sanitary sewer stub-out for future service, access ladders, valves, re-circulation arrangement,
man ways, coating system selection, basic logo, access roadway, fencing, and site drainage.
Provide adequate detail to enable the tank manufacturer to prepare final design and shop
drawings for the tank foundation and complete tank. It is assumed the structure will be classified
for zero occupancy and no vehicle storage; therefore no AIA/ADA aspects, HVAC, or fire
suppression system items are to be provided.
9. Provide plans, profiles, details, and specifications for the yard and overflow piping. Provide
details for connection of the yard piping to existing Client infrastructure adjacent to the tanks
site. Limit of any yard piping plans will be the tank site property line. Submit construction
drawings at a scale of 1”=20‘ horizontal and 1”=5‘ vertical.
10. Provide electrical / mechanical design and details for an active tank mixing system or other mixing
system as selected by Client during workshop. The selected mixing system will need to be
hydraulically compatible with the existing pressure plane infrastructure. In addition to mixing
system, design tank inlet / outlet piping to provide additional mixing. This scope will provide the
manufacturer coordination, power supply, and supporting piping/tapping aspects. If chemical
boosting capabilities are desired at a later day, they can be provided as an additional service.
11. Provide electrical plans, details, and specifications for the elevated storage tank electrical
equipment, instrumentation, controls, site lighting, and related appurtenances. It is anticipated
the design will include a SCADA operated control valve inside of the tank pedestal. Coordinate
with local power utility provider for EST site power that will be required.
12. Accommodations for Client and future cellular phone antennas will be discussed during
preliminary design and provided as part of the tank design. This will include conduit racks, wall
blockouts, and mounting system infrastructure for cellular equipment.
13. Accommodations for fire department training within pedestal will be discussed during
preliminary design. Performance details and specifications will be provided for the incorporation
of additional floors and/or an interior stair system from ground level to the top landing. If
additional features are desired, they can be provided as an Additional Service.
14. Prepare front end documents (using Client’s available standard documents), including bid
documents, general conditions, special conditions for the construction and equipment packages.
Meet with Client to resolve review comments and revise documents accordingly.
15. With respect to coordination with permitting authorities, FNI shall communicate with permitting
authorities such that their regulatory requirements are appropriately reflected in the designs.
FNI shall work with regulatory authorities to obtain approval of the designs, and make changes
necessary to meet their requirements. It is assumed that coordination with the TxDOT, FAA, and
TCEQ will be required for this Project. Coordination with other permitting authorities can be
provided as an Additional Service, if needed.
16. Furnish Client two (2) sets of printed copies and one electronic copy (.pdf format) of drawings,
specifications, and bid proposals marked “Preliminary” for approval by Client, for each design
submittal as described above. Upon final approval by Client, FNI will provide Client one set of
reproducible “Final” drawings and one loose set of specifications for reproduction by Client.
17. Deliverables for the Final Design Phase include:
a. Front end documents for construction
b. Permit Applications (TxDOT, FAA, and TCEQ Approval)
c. OPCC at 65%, 100%, and Final “Sealed” submittals
d. 65% review submittal of Plans and Specifications
e. 100% review submittal of Plans and Specifications
f. Final “Sealed” Plans and Specifications
C. TASK 3 - BID PHASE: Upon completion of the design services and approval of “Final” drawings and
specifications by Client, FNI shall provide professional services in this phase as follows:
1. Assist Client in securing bids. Issue a Notice to Bidders to prospective contractors and vendors
listed in FNI’s database of prospective bidders. Provide a copy of the notice to bidders for Client
to use in notifying construction news publications and publishing appropriate legal notice. The
cost for publications shall be paid by Client.
2. Client’s Purchasing Department will post and manage the solicitation of bids on their bidding site.
3. Assist Client by responding to questions and interpreting bid documents. Prepare and issue
addenda to the bid documents to plan holders if necessary.
4. Upon request by Client, FNI will assist in the opening, tabulating, and analyzing the bids received.
and review the qualification information provided by top ranked bidder to determine if, based on
the information available, they appear to be qualified to construct the Project. Recommend
award of contracts or other actions as appropriate to be taken by Client. Pre-qualification of all
prospective bidders and issuing a list of eligible bidders prior to the bid opening is an Additional
Service.
5. Assist the Client in conducting a pre-bid conference for the construction project and coordinate
responses with Client. Response to the pre-bid conference will be in the form of addenda issued
after the conference. Attend the tour of the Project site after the pre-bid conference.
6. Assist Client in the preparation of Contract Documents for the construction contract. Provide 10
sets of Contract Documents which include information from the apparent low bidders bid
documents, legal documents, and addenda bound in the documents for execution by the Client
and construction contractor (Contractor). Distribute five copies of these documents to the
Contractor with a notice of award that includes directions for the execution of these documents
by the Contractor. Provide Client with the remaining five copies for use during construction.
Additional sets of documents can be provided as an Additional Service.
7. Provide copies of the drawings and specifications for construction to the Contractor, pursuant to
the general conditions of the construction contract (General Conditions).
8. Deliverables for the Bid or Negotiation Phase include:
a. Notice to Bidders
b. Electronic copies of plans, specifications, bidding documents, and addenda
c. Recommendation of Award with tabulation of bids
d. Notice of award to selected bidder
e. Conformed Contract Documents for execution
f. Copies of conformed Contract Documents for Contractor and Client
D. TASK 4 - CONSTRUCTION PHASE GENERAL REPRESENTATION: Upon completion of the bid or
negotiation phase services, FNI will proceed with the performance of construction phase general
representation services as described below.
In performing these services, it is understood that FNI does not guarantee the Contractor's
performance, nor is FNI responsible for the supervision of the Contractor's operation and employees.
FNI shall not be responsible for the means, methods, techniques, sequences or procedures of
construction selected by the Contractor, or any safety precautions and programs relating in any way
to the condition of the premises, the work of the Contractor or any subcontractor. FNI shall not be
responsible for the acts or omissions of any person (except its own employees or agents) at the
Project site or otherwise performing any of the work of the Project.
These services are based on the use of FNI’s standard General Conditions for construction projects.
Modifications to these services required by use of other general conditions or contract administration
procedures are an Additional Service. If General Conditions other than FNI’s standard are used, the
Client agrees to include provisions in the General Conditions that require Contractor to include FNI:
(1) as an additional insured and in any waiver of subrogation rights with respect to such liability
insurance purchased and maintained by Contractor for the Project (except workers’ compensation
and professional liability policies); and (2) as an indemnified party in the Contractor’s indemnification
provisions to the same extent the Client is named as an indemnified party.
1. Assist Client in conducting pre-construction conference(s) with the Contractor, review
construction schedules prepared by the Contractor pursuant to the requirements of the Contract
Documents, and prepare a proposed estimate of monthly cash requirements of the Project from
information provided by the Contractor.
2. Establish communication procedures with the Client and Contractor. Submit monthly reports of
construction progress. Reports will describe construction progress in general terms and
summarize Project costs, cash flow, construction schedule and pending and approved contract
modifications.
3. Establish and maintain a project documentation system consistent with the requirements of the
Contract Documents. Monitor the processing of Contractor’s submittals and provide for filing
and retrieval of project documentation. Produce monthly reports indicating the status of all
submittals in the review process. Review Contractor’s submittals, including, requests for
information, modification requests, shop drawings, schedules, and other submittals in
accordance with the requirements of the Contract Documents for the Project. Monitor the
Contractor’s progress in sending and processing submittals to see that documentation is being
processed in accordance with schedules.
4. Determine the amount that FNI recommends Contractor be paid on monthly and final estimates,
pursuant to the Contract Documents. This determination will be based on FNI’s observations as
an experienced and qualified design professional and review of the payment requests and
supporting documentation submitted by Contractor.
5. Make monthly meetings and visits (up to 24) to the construction site (as distinguished from the
continuous services of a Resident Project Representative) to observe the progress and the quality
of work and to attempt to determine in general if the work is proceeding in accordance with the
Contract Documents. FNI will report any observed defects or deficiencies in the work to Client.
Visits to the site in excess of the specified number are an Additional Service.
6. Notify the Client of non-conforming work observed on site visits. Review quality related
documents provided by the Contractor such as test reports, equipment installation reports or
other documentation required by the Contract Documents.
7. Client will coordinate the work of testing laboratories and inspection bureaus required for the
testing or inspection of materials, witnessed tests, factory testing, etc. for quality control of the
Project outside of FNI’s inspection items. The cost of such quality control shall be paid by Client
and is not included in the services to be performed by FNI.
8. Interpret the drawings and specifications for Client and Contractor. Investigations, analyses, and
studies requested by the Contractor and approved by Client, for substitutions of equipment
and/or materials or deviations from the drawings and specifications is an Additional Service.
9. Establish procedures for administering constructive changes to the construction contract.
Process contract modifications and negotiate with the Contractor on behalf of the Client to
determine the cost and time impacts of these changes. Prepare change order documentation for
approved changes for execution by the Client. Documentation of field orders, where cost to Client
is not impacted, will also be prepared. Investigations, analyses, studies or design for substitutions
of equipment or materials, corrections of defective or deficient work of the Contractor or other
deviations from the Contract Documents requested by the Contractor and approved by the Client
are an Additional Service. Substitutions of materials or equipment or design modifications
requested by the Client are an Additional Service.
10. Prepare documentation for contract modifications required to implement modifications in the
design of the Project. Receive and evaluate notices of Contractor claims and make
recommendations to the Client on the merit and value of the claim on the basis of information
submitted by the Contractor or available in project documentation. Attempt to negotiate a
settlement value with the Contractor on behalf of the Client if appropriate. Providing services to
review or evaluate Contractor claims supported by causes not within the control of FNI are an
Additional Service.
11. Conduct a final review of the Project for conformance with the design concept of the Project and
general compliance with the Contract Documents. The final review shall be made in the company
of the Client’s representative. Prepare a list of deficiencies to be corrected by the Contractor
before recommendation of final payment. Assist the Client in obtaining legal releases, permits,
warranties, spare parts, and keys from the Contractor. Review and comment on the certificate of
completion and the recommendation for final payment to the Contractor. Visiting the site to
review completed work in excess of two (2) trips is an Additional Service.
E. TASK 5 - Record Drawings: Upon completion of the construction phase services, FNI will proceed with
preparation of final record drawings as described below.
1. Revise the construction drawings in accordance with the information furnished by Contractor
reflecting changes in the Project made during construction (Record Drawings). Furnish Client
three (3) sets of printed copies and one electronic copy (.pdf format) of these Record Drawings.
F. TASK 6 - Water Supply and Infrastructure Grant Application and Administration:
1. Provide assistance in the development of the WSIG grant as well as the administration of the
grant funding during the construction phase of the Project including:
a. Coordination of Application preparation, submittal, and responses to RFIs during TWDB
application review.
b. Attend TWDB Board Meeting on behalf of Client.
c. Assist Client with City Council Application Resolution, Application Affidavit, and
Certificate of City Secretary.
d. Attendance at one City Council meeting.
e. Assist Client with grant award closing process.
f. Post Award coordination including:
i. Grant Draw Request (releases from escrow); US Iron & Steel checks/certification
Coordination with Client, engineer/contractor, and TWDB on Change Orders
ii. General Coordination with all stakeholders as needed
iii. Assist Client with Closeout Process
G. TASK 7 - Topographical Survey, :
FNI will subcontract with a surveying firm to provide surveying services for the Project. The services
listed below are based upon survey of the proposed tank Site, up to 3.5 acres, to be owned by the
City of Anna. A detailed scope of work is described below:
1. Ownership Data – Research property ownership of the affected parcels and obtain copies of
deeds, subdivision plats, right-of-way maps and ownership addresses along the route. Prepare a
landowners Excel spreadsheet to include parcel number and landowner’s name and address.
Prepare a deed plot of all ownerships, subdivisions, and rights-of-way within one hundred feet
either side of the proposed alignment. All properties shall be numbered to match the
corresponding list of landowners in the Excel spreadsheet.
2. Ownership Map – Locate property corners of parcels that are affected by the proposed
improvements. Calculate property lines, easement lines, and right-of-way lines of existing streets
and utilities. A digital property map will be prepared showing lot numbers, property lines, right-
of-way lines, existing easements, and ownership with recording information.
3. Existing Underground Utilities – Locate underground utilities horizontally with existing visible
features and those marked by Texas811.
4. Topographical/Design Survey – Survey will gather the locations of pavement edges, curb and
gutter, driveways, culverts, fences and gates, walls, signs, mailboxes, tops and toes of slopes, spot
elevations, trees six (6) inches and greater, surface locations of utilities and flowline of elevations
of sanitary and storm sewer manholes where accessible, and other surface features as
encountered. The digital survey drawing will be delivered in AutoCAD format showing visible
surface features located, an ASCII point file, and a copy of field notes and field sketches.
5. Control Points – Establish project control for the proposed EST site using Global Positioning
System (GPS) methodology. Horizontal values will be based on the Texas State Plane Coordinate
System, North American Datum of 1983 utilizing control monuments established within the City
of Anna. This also includes refreshing and re-establishing benchmarks and reference points on
NAD 93 CORDS Grid coordinate system for construction of the Project, one time only.
6. Easement Documents: FNI’s survey subconsultant will provide the following exhibits:
1. Provide supporting coordination between the subconsultant and the Client in development
of the easement documents.
2. Prepare up to two (2) parcel maps and descriptions for permanent easements, signed and
sealed by a Registered Professional Land Surveyor.
3. Prepare up to two (2) parcel maps and descriptions for temporary easements, signed and
sealed by a Registered Professional Land Surveyor.
7. Platting Services: FNI’s survey subconsultant will provide the following:
1. Prepare a plat for the EST site and circulate through the City of Anna platting process.
2. Client to coordinate the review and approval aspects of the platting process. FNI’s survey
subconsultant to revise and finalize the platting documents accordingly based on Client
feedback provided.
H. TASK 8 - Geotechnical Investigations:
1. Field Exploration:
a. Select appropriate locations for exploratory borings within the vicinity of the proposed EST.
FNI will coordinate with the Client and notify Texas 811 of the planned borings prior to
commencement of the field exploration activities in order to locate existing underground
utilities within the area. It is assumed the proposed EST site will be accessible using a truck-
mounted drill rig. If clearing is required to access the selected site or if an all-terrain drill rig
is required to access the boring locations, these activities will be included as Additional
Services.
b. Subcontract with a drilling contractor to drill a total of five (5) borings, four (4) borings within
the footprint of the proposed EST: three (3) to an approximate depth of 45 feet and one (1)
to a depth of approximately 65 feet. The remaining boring will be drilled for general site
improvements (generator pad, water line and driveway) to a depth of 25 feet. The boring
depths for the EST are intended to provide a 15- to 30-foot profile of the bedrock below the
EST and may be adjusted based on in situ conditions to achieve this penetration.
i. The borings will be advanced using standard rotary drilling equipment with continuous-
flight augers (solid or hollow stem) or rotary wash methods. Subsurface samples will be
collected using 3-inch diameter push tubes for cohesive soils and a 2-inch diameter split-
spoon sampler in conjunction with the Standard Penetration Test (SPT) for intermediate
and non-cohesive soils. Rock and rock-like materials will be cored and/or tested in situ
using the Texas Cone Penetration (TCP) Test or the SPT, as appropriate for the material.
ii. Groundwater observations within the borings will be recorded at the time of drilling and
at the completion of drilling and sampling.
iii. The borings will be backfilled with auger cuttings upon completion of drilling and
sampling.
c. Conduct a site visit prior to drilling to locate and mark the boring locations, coordinate with
the Client, and determine accessibility, as required.
d. An Engineer or Geologist experienced in logging borings will direct the drilling, log the
borings, and handle and transport the samples. Visual classification of the subsurface
stratigraphy shall be provided according to ASTM D2488 and the Unified Soil Classification
System (USCS) during drilling and sampling.
2. Laboratory Testing:
a. Testing shall be performed on samples obtained from the borings to determine soil
classification and pertinent engineering properties of the subsurface materials.
b. FNI will select samples for laboratory testing, assign tests, and review the test results. Testing
will be performed by a geotechnical testing subcontractor.
c. Laboratory tests will be appropriately assigned for the specific subsurface materials
encountered during exploration, but are expected to include:
i. Classification tests (liquid and plastic limits and percent passing the no. 200 sieve or
gradation)
ii. Moisture content
iii. Unit dry weight
iv. Unconfined compressive strength
v. One-dimensional swell (restrained and unrestrained)
3. Engineering Analysis and Reporting:
a. FNI will perform the geotechnical engineering analysis and prepare a Geotechnical
Investigation Report summarizing the investigation. The report will include the following:
i. Appendix with the boring locations, boring logs, laboratory test results, and a key to the
symbols used.
ii. Discussion of subsurface conditions and soil properties indicated by the field and
laboratory work and the implications for design.
iii. Foundation recommendations for support of the proposed EST and other
appurtenances, including bearing capacity of soils, suitable bearing material, lateral and
overturning resistance, etc. applicable for the recommended foundation or foundation
options.
iv. General discussion of expected construction related issues.
v. Earthwork related recommendations for use during development of plans and
specifications.
I. TASK 9 - Environmental Services
1. FNI’s environmental scientists will compile existing study information and review pertinent data
to the Project area, such as soils maps, topographic maps, floodplain maps, National Wetland
Inventory and National Hydrography Dataset information, to guide the pedestrian survey
described below.
2. FNI’s environmental scientists will conduct a pedestrian survey of the proposed tank location to
document existing conditions of the site, and identify environmental constraints. This
investigation will include: (1) Identification of “waters of the U.S." as defined by U.S. Army Corps
Engineers regulations. FNI environmental scientists will document the presence of jurisdictional
waters such as streams, wetlands, or open water bodies, and will GPS map the boundaries of
these features. Wetlands will be delineated per the Corps of Engineers 1987 Wetlands
Delineation Manual; and (2) identification of potential habitat for any federally listed threatened
or endangered species.
3. FNI’s environmental scientists will prepare a technical memorandum documenting the findings
of the pedestrian survey, an estimate of potential impact to waters of the U.S., and a discussion
of potential Section 404 permitting options. This scope assumes that the proposed tank can be
designed to meet the terms and conditions of Nationwide Permit (NWP) 58, Utility Line Activities
for Water and Other Substances, without requiring the submittal of a pre-construction
notification (PCN) to the USACE. In the event a PCN is required, FNI can prepare a PCN as an
Additional Service. This scope assumes that mitigation services will not be required by the Project
since a PCN would be avoided. If mitigation services are required, they will be considered an
Additional Service.
4. FNI’s environmental scientist will prepare and submit a coordination letter to the Texas Historical
Commission (THC) requesting concurrence that no cultural resources survey is required. In the
event the THC requests a cultural resources survey, hiring and coordination with a subconsultant
to conduct an archeological field survey and draft a comprehensive report of the survey’s finding,
will be considered an Additional Service.
5. All permit conditions and requirements will be included in the Contract Documents, and the
Contractor will be required to abide by these during construction.
J. TASK 10 - Bowl Lighting Analysis and Design
1. Provide lighting study and design for RGBW tank bowl lighting for 2 logos with initial evaluation
to be made between either pole-mounted or bowl mounted RGBW lights. Costs and pros/cons
for both options will be presented to the City with design being finalized by the chosen option.
Additionally, there will be coordination with the City to understand desired RGBW lighting
controls such as desired preset scenes and scheduling (holiday/event colors, dimming levels at
certain times, default scenes on power restoration), local control capabilities, etc. Once
coordination is complete desired lighting controls will be implemented. For the construction
phase a detailed lighting control commissioning narrative would be created. The lighting control
commissioning narrative would include fixture aiming verification, burn-in period, basic
functional tests (on/off, dimming range, color mixing, etc.), failure/recovery modes, scene
programming and scheduling, and control communication verification (zoning/grouping, DMX
addressing, etc.) Other elements required for lighting control commissioning will be added as
needed based on desired functionality from the City.
K. TASK 11 - Welding Inspection Services: FNI will retain Boswell & Reyes International as a subconsultant
and perform the following tasks:
1. Provide part-time welding inspection services during the tank construction. Resident
representation or full-time inspection services are an Additional Service.
2. Visit the Project 1 time to attend a Preconstruction Meeting in Anna, Texas. No report will be
provided by BRI for attendance of the meeting.
3. Inspector shall perform inspection and testing per AWWA D107.
4. Visit Project up to 10 times for 10 hours on site for steel erection and welding inspection. Certified
Welding Inspector, Inspection to include:
a. Inspection of tank construction for compliance with approved plans and specification.
b. Inspection welding electrodes.
c. Inspection of weld joint fit up.
d. Inspection of weld root passes, weld filler passes and cap weld passes.
e. One site visit to witness X-ray testing performed by Contractor’s 3rd party X-ray company.
f. Provide reports for inspection visits that include photos once per week.
5. Project manager, attend online construction meetings 1 per month, for 4 months.
6. Project management and administration, does not include site visits.
L. TASK 12 - Thresh-hold Spot Surface Preparation and Coating Inspection Services: FNI will retain
Boswell & Reyes International as a subconsultant and perform the following tasks:
1. Provide Thresh-hold/Part Time Spot Surface Preparation and Coating Inspection Service during
the interior and exterior coating processes for the elevated tank. Resident representation or full-
time inspection services are an Additional Service.
2. Visit Project up to 56 times for 10 hours on site for painting inspection of the steel tank. NACE
Level I Inspector, Inspection to include:
a. Verify shrouded containment of abrasive blasting process, if necessary.
b. Verify abrasive blasting materials.
c. Inspection of abrasive quality of prepared surfaces.
d. Inspection of anchor profile of prepared surfaces.
e. Verify coating batch numbers and manufacture dates - shelf life.
f. Verify mixing of coatings for application.
g. Inspection and measure application of coating.
h. Witness the contractor perform tank interior Holiday testing.
i. Provide reports for inspection visits that include photos once per week.
3. Project manager, attend one pre-paint meeting at the Project site.
4. Project manager, attend construction meetings 1 per month, for 4 months.
5. Project management and administration, does not include site visits.
ARTICLE II
SPECIAL SERVICES: FNI shall render the following professional services, which are not included in the Basic
Services described above, in connection with the development of the Project:
M. TASK 13 - Part-Time Inspection Services
Upon City request, FNI will furnish the services of a part-time inspector to perform specialty
observations of the tank construction at the intervals detailed below. Each site visit will be
documented with a site visit report and project photos. FNI will notify the Client and Contractor of
defective work found. FNI does not guarantee the Contractor’s performance, nor is FNI responsible
for supervision of the Contractor’s operation and employees. FNI shall not be responsible for the
means, methods, techniques, sequences or procedures of construction selected by the Contractor,
or any safety precautions and programs relating in any way to the condition of the premises, the work
of the Contractor or any Subcontractor. FNI shall not be responsible for the acts or omissions of any
person (except its own employees or agents) at the Project site or otherwise performing any of the
work of the Project. Specifically, FNI will provide the following;
1. Concrete Shallow Mat Foundation – Number of visits and durations as depicted in below bullets
(Additional visits may be required if drilled foundation is selected):
a. Observe soil compaction efforts of Contractor to verify that specified fill and lift requirements
are being followed. Approximately 3 visits of 6 hours on site plus site visit documentation.
b. Observe reinforcement material, sizing, location placement, and cover. Approximately 4
visits of 6 hours on site plus site visit documentation.
c. Observe concrete pours to verify independent testing laboratory retained by the FNI is
performing checks for slump, air entrainment, and concrete strength. Approximately 2 visits
of 6 hours plus site visit documentation for mud slab and foundation pours.
d. Provide up to 2 site visits for geotechnical engineer to visit the site and excavation activities.
2. Concrete Pedestal – Approximately 20 visits of 4 hours on site plus site visit documentation:
a. Assumed pedestal will be poured in a maximum of 18 lifts. The first 5 lifts, and the last upper
lift will require additional visits to inspect rebar the day before each pour due to the large
amount of rebar located in these lifts. Remaining intermediate lifts (12) will be inspected the
day of the pour since there is no rebar to inspect, only steel mesh reinforcement.
b. Inspect steel reinforcement in wall section prior to concrete placement for correct size,
location, and separation distance between steel mats to allow for proper placement of
concrete
c. Observe concrete pours/verify that the independent testing laboratory retained by the Client
is performing checks for slump, air entrainment, and concrete strength
d. Observe removal of forms and check for voids, and monitor repair of air void holes
3. Steel Bowl Erection and Welding – See Task 11 – Welding Inspection Services.
4. Protective Coatings – See Task 12 - Thresh-hold Spot Surface Preparation and Coating Inspection
Services.
5. Electrical / Instrumentation Inspection – Approximately 4 site visits 8 hours on site plus site visit
documentation:
a. Inspect placement of electrical accessories and conduit. Client to provide their own
inspection services for pertinent code / building permit aspects. FNI shall coordinate
inspection with Client staff and the Contractor, and shall assign a FNI representative to
accompany the Client staff and Contractor’s representative during the scheduled inspection.
6. General Meetings:
a. Inspector will attend up to eight (8) monthly construction progress meetings with the Design
Engineers and Client’s staff.
b. FNI will not provide a testing laboratory. This scope assumed the Client will engage their own
construction materials testing laboratory for soil density and concrete strength.
c. This scope assumes Client will provide their own inspection staff to inspect tank site work,
yard piping, building permit and standard code inspections.
ARTICLE III
ADDITIONAL SERVICES: Any services performed by FNI that are not included in the Basic Services or Special
Services described above are Additional Services. Additional Services to be performed by FNI, if authorized
by Client, are described as follows:
A. Cathodic protection analysis and design for the tank and yard piping.
B. Implementation of a chemical boosting system.
C. Subsurface utility exploration (SUE) services.
D. Field layouts or the furnishing of construction line and grade surveys.
E. GIS mapping services or assistance with these services.
F. Providing services to investigate existing conditions or facilities, or to make measured drawings
thereof, or to verify the accuracy of drawings or other information furnished by Client.
G. Providing renderings, model, and mock-ups requested by the Client.
H. Providing representation at public outreach meetings
I. Revisions to drawings, specifications or other documents when such revisions are 1) not consistent
with approvals or instructions previously given by Client or 2) due to other causes not solely within
the control of FNI.
J. Providing consultation concerning the replacement of any Work damaged by fire or other cause
during the construction, and providing services as may be required in connection with the
replacement of such Work.
K. Investigations involving consideration of operation, maintenance and overhead expenses, and the
preparation of rate schedules, earnings and expense statements, feasibility studies, appraisals,
evaluations, assessment schedules, and material audits or inventories required for certification of
force account construction performed by Client.
L. Providing shop, mill, field or laboratory inspection of materials and equipment. Observe factory tests
of equipment at any site remote to the Project or observing tests required as a result of equipment
failing the initial test.
M. Preparing Operation and Maintenance Manuals or conducting operator training.
N. Preparing data and reports for assistance to Client in preparation for hearings before regulatory
agencies, courts, arbitration panels or any mediator, giving testimony, personally or by deposition,
and preparations therefore before any regulatory agency, court, arbitration panel or mediator.
O. Furnishing the services of a full-time Resident Project Representative to act as Client’s on-site
representative during the Construction Phase. The Resident Project Representative will act as
directed by FNI in order to provide more extensive representation at the Project site during the
Construction Phase. Furnishing the services of a Resident Project Representative is subject to the
provisions of Article I, D and Attachment RPR.
P. If Client provides personnel to support the activities of the Resident Project Representative who is
FNI or FNI’s agent or employee, the duties, responsibilities and limitations of authority of such
personnel will be set forth in an Attachment attached to and made a part of this Agreement before
the services of such personnel are begun. It is understood and agreed that such personnel will work
under the direction of and be responsible to the Resident Project Representative. Client agrees that
whenever FNI informs Client in writing that any such personnel provided by the Client are, in its
opinion, incompetent, unfaithful or disorderly, such personnel shall be replaced.
Q. Furnishing Special Inspections required under chapter 17 of the International Building Code. These
Special Inspections are often continuous, requiring an inspector dedicated to inspection of the
individual work item, and they are in additional to General Representation and Resident
Representation services noted elsewhere in the contract. These continuous inspection services can
be provided by FNI as an Additional Service.
R. Assisting Client in preparing for, or appearing at litigation, mediation, arbitration, dispute review
boards, or other legal and/or administrative proceedings in the defense or prosecution of claims
disputes with Contractor(s).
S. Performing investigations, studies and analyses of substitutions of equipment and/or materials or
deviations from the drawings and specifications.
T. Assisting Client in the defense or prosecution of litigation in connection with or in addition to those
services contemplated by this Agreement. Such services, if any, shall be furnished by FNI on a fee
basis negotiated by the respective parties outside of and in addition to this Agreement.
U. Providing environmental support services including the design and implementation of ecological
baseline studies, environmental monitoring, impact assessment and analyses, permitting assistance,
and other assistance required to address environmental issues.
V. Performing investigations, studies, and analysis of work proposed by construction contractors to
correct defective work.
W. Design, contract modifications, studies or analysis required to comply with local, state, federal or
other regulatory agencies that become effective after the date of this agreement.
X. Services required to resolve bid protests or to rebid the projects for any reason.
Y. Visits to the site in excess of the number of trips included in Article I for periodic site visits,
coordination meetings, or contract completion activities.
Z. Any services required as a result of default of the contractor(s) or the failure, for any reason, of the
contractor(s) to complete the work within the contract time.
AA. Providing services after the completion of the construction phase not specifically listed in Article I.
BB. Providing Basic or Additional Services on an accelerated time schedule. The scope of this service
include cost for overtime wages of employees and consultants, inefficiencies in work sequence and
plotting or reproduction costs directly attributable to an accelerated time schedule directed by the
Client.
CC. Providing services made necessary because of unforeseen, concealed, or differing site conditions or
due to the presence of hazardous substances in any form.
DD. Providing services to review or evaluate construction contractor(s) claim(s), provided said claims are
supported by causes not within the control of FNI.
EE. Providing value engineering studies or reviews of cost savings proposed by construction contractors
after bids have been submitted.
FF. Preparing statements for invoicing or other documentation for billing other than for the standard
invoice for services attached to this Agreement.
GG. Provide follow-up professional services during Contractor’s warranty period.
ARTICLE IV
TIME OF COMPLETION: FNI is authorized to commence work on the Project upon execution of this
Agreement and agrees to complete the services in accordance with the following schedule:
Preliminary Design 2 months from NTP
TWDB WSIG Grant Application Due July 2026
Final Design 6 months
Bid Phase 3 months (assumed)
Construction Phase 24 months (assumed)
If FNI’s services are delayed through no fault of FNI, FNI shall be entitled to adjust contract schedule
consistent with the number of days of delay. These delays may include but are not limited to delays in Client
or regulatory reviews, delays on the flow of information to be provided to FNI, governmental approvals, etc.
These delays may result in an adjustment to compensation as outlined on the face of this Agreement and in
Attachment CO.
ARTICLE V
RESPONSIBILITIES OF CLIENT: Client shall perform the following in a timely manner so as not to delay the
services of FNI:
A. Client recognizes and expects that change orders may be required to be issued during construction.
The responsibility for the costs of change orders will be determined on the basis of applicable
contractual obligations and professional liability standards. FNI will not be responsible for any change
order costs due to unforeseen site conditions, changes made by or due to the Client or Contractor,
or any change order costs not caused by the negligent errors or omissions of FNI. Nothing in this
provision creates a presumption that, or changes the professional liability standard for determining
if, FNI is liable for change order costs. It is recommended that the Client budget a minimum of 5% for
new construction and a minimum of 10% for construction that includes refurbishing existing
structures.
B. Designate in writing a person to act as Client’s representative with respect to the services to be
rendered under this Agreement. Such person shall have contract authority to transmit instructions,
receive information, interpret and define Client’s policies and decisions with respect to FNI’s services
for the Project.
C. Provide all criteria and full information as to Client’s requirements for the Project, including design
objectives and constraints, space, capacity and performance requirements, flexibility and
expandability, and any budgetary limitations; and furnish copies of all design and construction
standards which Client will require to be included in the drawings and specifications.
D. Provide all available information pertinent to the Project including previous reports and any other
data relative to design or construction of the Project.
E. Arrange for access to and make all provisions for FNI to enter upon public and private property as
required for FNI to perform services under this Agreement.
F. Examine all studies, reports, sketches, drawings, specifications, proposals and other documents
presented by FNI, obtain advice of an attorney, insurance counselor and other consultants as Client
deems appropriate for such examination and render in writing decisions pertaining thereto within a
reasonable time so as not to delay, or cause rework in, the services of FNI.
G. Client shall make or arrange to have made all subsurface investigations, including but not limited to
borings, test pits, soil resistivity surveys, and other subsurface explorations. Client shall also make or
arrange to have made the interpretations of data and reports resulting from such investigations. All
costs associated with such investigations shall be paid by Client.
H. Provide such accounting, independent cost estimating and insurance counseling services as may be
required for the Project, such legal services as Client may require or FNI may reasonably request with
regard to legal issues pertaining to the Project including any that may be raised by Contractor, such
auditing service as Client may require to ascertain how or for what purpose any Contractor has used
the moneys paid under the construction contract, and such inspection services as Client may require
to ascertain that Contractor is complying with any law, rule, regulation, ordinance, code or order
applicable to their furnishing and performing the work.
I. If Client designates a person to serve in the capacity of Resident Project Representative who is not
FNI or FNI’s agent or employee, the duties, responsibilities and limitations of authority of such
Resident Project Representative will be set forth in an Attachment attached to and made a part of
this Agreement before the construction phase of the Project begins. Said attachment shall also set
forth appropriate modifications of the construction phase general representation services as defined
in Article I together with such adjustment of compensation as appropriate.
J. Attend the pre-bid conference, bid opening, preconstruction conferences, construction progress and
other job-related meetings and substantial completion inspections and final payment inspections.
K. Give prompt written notice to FNI whenever Client observes or otherwise becomes aware of any
development that affects the scope or timing of FNI’s services, or any defect or nonconformance of
the work of any Contractor.
L. Furnish, or direct FNI to provide, Additional Services as stipulated in Article III above or other services
as required.
M. Bear all costs incident to compliance with the requirements of this Article V.
ARTICLE VI
DESIGNATED REPRESENTATIVES: FNI and Client designate the following representatives:
Client’s Designated Representative: Muhamad Madhat, mmadhat@annatexas.gov, (469) 885-8807
Client’s Accounting Representative: Joanna Golleher, jgolleher@annatexas.gov,(214) 831-5302
FNI’s Designated Representative: Mitchell Sawtelle, mitchell.sawtelle@freese.com, (469) 553-0692
FNI’s Accounting Representative: Lisa Broussard, lisa.broussard@freese.com, (972) 331-6021
EXHIBIT B
MASTER SERVICE AGREEMENT WITH THE CITY
EXHIBIT C
PROJECT FEE SCHEDULE
EXHIBIT C-1
EXHIBIT C
PROJECT COMPENSATION SCHEDULE / HOURLY RATES
ATTACHMENT CO
Min Max
Professional 1 112 213
Professional 2 123 220
Professional 3 141 324
Professional 4 177 368
Professional 5 245 404
Professional 6 256 476
Construction Manager 1 123 166
Construction Manager 2 141 220
Construction Manager 3 159 234
Construction Manager 4 177 285
Construction Manager 5 249 328
Construction Manager 6 267 400
Construction Representative 1 98 116
Construction Representative 2 108 137
Construction Representative 3 137 166
Construction Representative 4 155 224
CAD Technician/Designer 1 94 144
CAD Technician/Designer 2 116 216
CAD Technician/Designer 3 159 267
Corporate Project Support 1 72 188
Corporate Project Support 2 94 267
Corporate Project Support 3 98 378
Intern / Coop 76 105
Rates for In-House Services and Equipment
Mileage Bulk Printing and Reproduction Equipment
Standard IRS Rates B&W Color Valve Crew Vehicle (hour)$75
Small Format (per copy)$0.10 $0.25 Pressure Data Logger (each)$500
Technology Charge Large Format (per sq. ft.)Water Quality Meter (per day)$100
$8.50 per hour Bond $0.25 $0.75 Microscope (each)$150
Glossy / Mylar $0.75 $1.25 $275
Vinyl / Adhesive $1.50 $2.00 $275
Flushing / Cfactor (each)$500
Mounting (per sq. ft.)$2.00 Backpack Electrofisher (each)$1,000
Binding (per binding)$0.25
Survey Grade Standard
Drone (per day)$200 $100
GPS (per day)$150 $50
OTHER DIRECT EXPENSES:
These ranges and/or rates will be adjusted annually in February. Last updated 2026.
360022026
Position
Other direct expenses are reimbursed at actual cost times a multiplier of 1.15. They include outside printing and
reproduction expense, communication expense, travel, transportation and subsistence away from the FNI office. For
other miscellaneous expenses directly related to the work, including costs of laboratory analysis, test, and other work
required to be done by independent persons other than staff members, these services will be billed at a cost times a
multipler of 1.15. For Resident Representative services performed by non-FNI employees and CAD services performed In-
house by non-FNI employees where FNI provides workspace and equipment to perform such services, these services will
be billed at cost times a multiplier of 2.0. This markup approximates the cost to FNI if an FNI employee was performing
the same or similar services.
Hourly Rate
Compensation to FNI for Basic Services in Attachment SC shall be the lump sum of Eight Hundred Twenty Three Thousand
One Hundred Fifteen Dollars ($823,115).
Compensation to FNI for Special Services in Attachment SC shall be computed on the basis of the following Schedule of
Charges, but shall not exceed Seventy Nine Thousand Six Hundred Ten Dollars ($79,610).
If FNI sees the Scope of Services changing so that Additional Services are needed, including but not limited to those
services described as Additional Services in Attachment SC, FNI will notify OWNER for OWNER's approval before
proceeding. Additional Services shall be computed based on the following Schedule of Charges.
COMPENSATION
Coating Inspection Kit (per day)
Ultrasonic Thickness Guage (per day)
EXHIBIT C-2
EXHIBIT C
PROJECT COMPENSATION SCHEDULE / HOURLY RATES (CONT.)
Basic Services:Cost
Task 1 - Preliminary Design Phase 59,999$
Task 2 - Final Design Phase 299,772$
Task 3 - Bid Phase 15,000$
Task 4 - Construction Phase General Representation 170,000$
Task 5 - Record Drawings 10,500$
Task 6 - TWDB Water Supply and Infrastructure Grant Application and Administration 47,800$
Task 7 - Topographical Survey / Easements / Platting 22,500$
Task 8 - Geotechnical Investigations 42,775$
Task 9 - Environmental Services 10,500$
Task 10 - Bowl Lighting Analysis and Design 22,500$
Task 11 - Welding Inspection Services (3rd Party)21,040$
Task 12 - Coating Inspection Services (3rd Party)100,730$
Subtotal Basic Services (LS)823,115$
Task 13 - Part-Time Inspection Services 79,610$
Subtotal Special Services (CPM)79,610$
Total Compensation 902,725$
* Technology and expense charges included in above service tasks.
CITY OF ANNA, TEXAS
, the City of Anna seeks to design 3.0 MG Elevated Storage Tank (EST); and,
, the design will include detailed full plans specifications and engineering
design, as well assist with construction phase services; and,
, Freese and Nichols, Inc is a highly qualified architect and engineering firm
with a long history of involvement in designing public safety projects like this for other
agencies. The City of Anna selected FNI to perform these services in the multidisciplinary
RFQ process it completed in 2021.
Section 1. Recitals Incorporated
The recitals above are incorporated herein as if set forth in full for all purposes.
Section 2. Authorization of Payment and Funding.
The City Council of the City of Anna, Texas, authorizes the Acting City Manager to
execute an agreement for professional services with FNI in the amount of $902,725, for
the 3.0 MG Elevated Storage Tank (EST) on behalf of the City of Anna, Texas.
The funding for this project shall come from the FY2026 Water Impact Fee.
by the City Council of the City of Anna, Texas on this ___
day of April 2026.
ATTEST: APPROVED:
__________________________ __________________________
City Secretary, Carrie Land Mayor, Pete Cain
Item No. 7.c.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact:
AGENDA ITEM:
Consider/Discuss/Action on filling a vacancy on the Planning and Zoning Commission.
SUMMARY:
The Planning and Zoning Commission currently has a vacancy due to the resignation of
Josh Vollmer.
The Interview Committee met and recommends the appointment of Scott Gentry to fill
the vacancy on the Planning and Zoning Commission.
Mr. Gentry currently serves on the Parks Board. A nominee to fill the resulting vacancy
on the Parks Board will be presented at a future date.
FINANCIAL IMPACT:
This item has no financial impact.
BACKGROUND:
STRATEGIC CONNECTIONS:
This item supports the City of Anna Strategic Plan, specifically advancing the strategic
outcome area: Unique.
ATTACHMENTS:
Item No. 8.
City Council Agenda
Staff Report
Meeting Date: 4/28/2026
Staff Contact:
AGENDA ITEM:
Future Agenda Items.
SUMMARY:
FINANCIAL IMPACT:
BACKGROUND:
STRATEGIC CONNECTIONS:
ATTACHMENTS: