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HomeMy WebLinkAboutOrd 1036-2023-03 Accept & Approve a Service and Assessment Plan & Assessment Roll for The Woods at Lindsey Place PID Area#1 RECORDEDCERTIFICATE FOR ORDINANCE 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 March 14, 2023, at the regular designated meeting place, and the roll was called of the duly constituted officers and members of the Council, to wit: Nate Pike, Mayor Stan Carver IL Council Member Lee Miller, Mayor Pro Tem. Pete Cain, Council Member Randy Atchley, Deputy Mayor Pro-Tem Danny Ussery, Council Member Kevin Toten, Council Member Ryan Henderson, Interim City Manager Carrie Land, City Secretary and all of said persons were present, except ,/V ZA , thus constituting a quorum. Whereupon, among other business the following was transacted at said meeting: a written Ordinance entitled AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS ACCEPTING AND APPROVING A SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL FOR THE PUBLIC IMPROVEMENT DISTRICT; MAKING A FINDING OF SPECIAL BENEFIT TO THE PROPERTY IN THE DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY WITHIN THE DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE METHOD OF ASSESSMENT AND THE PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED, PROVIDING PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS, PROVIDING FOR SEVERABILITY, AND PROVIDING AN EFFECTIVE DATE. was duly introduced for the consideration of the Council. It was then duly moved and seconded that said Ordinance be passed; and, after due discussion, said motion, carrying with it the passage of said Ordinance, prevailed and carried, with all members of the Council shown present above voting "Aye," except as noted below: NAYS: 0 ABSTENl'IONS: 2. A true, full, and correct copy of the aforesaid Ordinance passed at the meeting described in the above and foregoing paragraph is attached to and follows this Certificate; said Ordinance 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 Ordinance; 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 Ordinance 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 Ordinance; and the Mayor Pro- Tem and City Secretary hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said Ordinance for all purposes. SIGNED AND SEALED ON MARCH 14, 2023. Carrie L. Land, City Secretary Nate Pike,'Mayor (City Seal) 2023 - 2023000070650 06126/2023 08:09 AM Page 1 of 112 CITY OF ANNA ORDINANCE NO. 1 b3lo-2023-03 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS ACCEPTING AND APPROVING A SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL FOR THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT; MAKING A FINDING OF SPECIAL BENEFIT TO THE PROPERTY IN THE DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY WITHIN THE DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE METHOD OF ASSESSMENT AND THE PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED, PROVIDING PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS, PROVIDING FOR SEVERABILITY, AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the governing body (the "City Council") of the City of Anna, Texas (the "City") is authorized by the Public Improvement District Assessment Act, Chapter 372, Texas Local Government Code, as amended (the "PID Act") to create public improvement districts within the City and the extraterritorial jurisdiction ("ETJ" ); and WHEREAS, on February 15, 2022, a petition (the "Petition") was submitted and filed with the City Secretary (the "City Secretary") of the City meeting the requirements of the PID Act requesting the creation of a public improvement district within the ETJ of the City ; and WHEREAS, the Petition contained the signatures of the owners of taxable property representing more than fifty percent of the appraised value of taxable real property liable for assessment within the District (defined below), as determined by the then current ad valorem tax rolls of Collin Central Appraisal District and the signatures of the property owners who own taxable real property that constitutes more than fifty percent of the area of all taxable property within the District that is liable for assessment; and WHEREAS, the City accepted the Petition and called a public hearing to consider the creation of the District and directed the City Secretary to publish and mail notice of such hearing as required by the PID Act; and WHEREAS, on February 14, 2023, after due notice, the City Council held a public hearing in the manner required by law on the advisability of the public improvements and services described in the Petition as required by Section 372.009 of the PID Act and made the findings required by Section 372.009(b) of the PID Act and, by Resolution No. 2023-02-1378 (the "Authorization Resolution") adopted by a majority of the members of the City Council, authorized and created The Woods at Lindsey Place Public Improvement District (the "District') in accordance with its finding as to the advisability of the Authorized Improvements; and 2023 - 2023000070650 06126/2023 08:09 AM Page 2 of 112 WHEREAS, the City filed the Authorization Resolution with the Collin County Clerk as required by law, as recorded in the Real Property Records of Collin County as Document No. 2023000015008;and WHEREAS, no written protests regarding the creation of the District from any owners of record of property within the District were filed with the City Secretary; and WHEREAS, on February 14, 2023, the City Council adopted a resolution determining total costs of certain authorized public improvements, approving a preliminary service and assessment plan, including the Proposed Assessment Roll (as defined in said resolution), and directing the publication and mailing of notice of a public hearing (the "Assessment Hearing") to consider an ordinance levying assessments on property within the District (the "Assessments"); and WHEREAS, the City Secretary filed the proposed Assessment Roll (defined below) and made the same available for public inspection; and WHEREAS, the City Secretary, pursuant to Section 372.016(c) of the PID Act, mailed the notice of the Assessment Hearing to the last known address of the owners of the property liable for the Assessments; and WHEREAS, the City Secretary, pursuant to Section 372.016(b) of the PID Act, published notice of the Assessment Hearing on February 17, 2023 in the Herald -Democrat, a newspaper of general circulation in the City; and WHEREAS, the City Council conducted the Assessment Hearing on March 14, 2023, at which all persons who appeared, or requested to appear, in person or by their attorney, were given the opportunity to contend for or contest the Assessment Roll, and the proposed Assessments, and to offer testimony pertinent to any issue presented on the amount of the Assessments, the allocation of the Actual Costs of the authorized public improvements to be undertaken for the benefit of property within the District (the "Authorized Improvements"), the purposes of the Assessments, the special benefits of the Assessments, and the penalties and interest on annual installments and on delinquent annual installments of the Assessments; and WHEREAS, the owners of 100% of the property subject to the proposed assessment within the District (the "Landowners") had actual knowledge of the Assessment Hearing to be held on March 14, 2023, and support the creation of the District and the levy of assessments against the property in accordance with the Service and Assessment Plan to finance the Authorized Improvements for benefit of the property within the District; and WHEREAS, the City Council finds and determines that the Assessment Roll and The Woods at Lindsey Place Public Improvement District Service and Assessment Plan, dated March 14, 2023 (the "Service and Assessment Plan"), attached as Exhibit A and incorporated as a part of this Ordinance for all purposes, should be approved and that the Assessments should be levied 4 2023 - 2023000070650 06126l2023 08:09 AM Page 3 of 112 as provided in this Ordinance and the Service and Assessment Plan, including the Improvement Area #1 Assessment Roll attached thereto as Exhibit F-1 (the "Assessment Roll"); and WHEREAS, the City Council further finds that there were no objections or evidence submitted to the City Secretary in opposition to the Service and Assessment Plan, the allocation of the Actual Costs of the Authorized Improvements as described in the Service and Assessment Plan, the Assessment Roll, and the levy of the Assessments; and WHEREAS, at the Assessment Hearing, the Landowners, or their representatives, who are the persons to be assessed pursuant to this Ordinance, appeared in support of the levy of the Assessments against their property located within the District; and WHEREAS, the City Council closed the hearing, and, after considering all written and documentary evidence presented at the hearing, including all written comments and statements filed with the City, determined to proceed with the adoption of this Ordinance in conformity with the requirements of the PID Act; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: Section 1. Terms. Terms not otherwise defined herein are defined in the Service and Assessment Plan. Section 2. Findines. The City Council hereby finds, determines, and ordains, as follows: (a) The recitals set forth in the WHEREAS clauses of this Ordinance are true and correct and are hereby incorporated by reference and made a part of this Ordinance for all purposes as if the same were restated in full in this Section and constitute findings of the City Council acting in its discretionary, legislative capacity; (b) All actions of the City in connection with the creation and establishment of the District and the approval of this Ordinance: (i) have been taken and performed in compliance with the PID Act and all other applicable laws, policies, and procedures; (ii) have been taken and performed in a regular, proper and valid manners; and (iii) are approved and ratified; (c) The apportionment of the Actual Costs of the Authorized Improvements, including specifically the Improvement Area #1 Improvements (as reflected in the Service and Assessment Plan, and the Annual Collection Costs pursuant to the Service and Assessment Plan) is fair and reasonable, reflects an accurate presentation of the special 2023 - 2023000070650 06126l2023 08:09 AM Page 4 of 112 benefit each assessed Parcel will receive from the construction of the Authorized Improvements identified in the Service and Assessment Plan, and is hereby approved; (d) The Service and Assessment Plan covers a period of at least five years and defines the annual indebtedness and projected costs for the Authorized Improvements; (e) The Service and Assessment Plan apportions the Actual Cost(s) of the Authorized Improvements to be assessed against the property in the District and such apportionment is made on the basis of special benefits accruing to the property because of the Authorized Improvements; (f) All of the Improvement Area #1 Assessed Property being assessed in the amounts shown on the Improvement Area #1 Assessment Roll will be benefited by the Improvement Area #1 Projects proposed to be constructed as described in the Service and Assessment Plan, and each assessed Parcel of Improvement Area #1 Assessed Property will receive special benefits equal to or greater than the total amount assessed for the Improvement Area #1 Projects; (g) The method of apportionment of the Actual Costs of the Authorized Improvements and Annual Collection Costs set forth in the Service and Assessment Plan results in imposing equal shares of the Actual Costs of the Authorized Improvements and Annual Collection Costs on property similarly benefited, and results in a reasonable classification and formula for the apportionment of the Actual Costs; (h) The Service and Assessment Plan has been prepared on behalf of, presented to, and reviewed by the City Council and should be approved as the service plan and assessment plan for the District for all purposes as described in Sections 372.013 and 372.014 of the PID Act; (i) The Assessment Roll should be approved as the Assessment Roll for Improvement Area #1 of the District; 0) The provisions of the Service and Assessment Plan relating to due and delinquency dates for the Assessments, interest on Annual Installments, interest and penalties on delinquent Assessments and delinquent Annual Installments, and procedures in connection with the imposition and collection of Assessments should be approved and will expedite collection of the Assessments in a timely manner in order to provide the services and improvements needed and required for the area within the District; and (k) A written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public for the time required by law preceding this meeting, as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and this meeting has been open to the public as required by law at all times during which this Ordinance and the subject matter hereof has been discussed, considered, and formally acted upon. 2 2023 - 2023000070650 06/26/2023 08=09 AM Page 5 of 112 Section 3. Service and Assessment Plan. The Service and Assessment Plan is hereby accepted and approved pursuant to Sections 372.013 and 372.014 of the PID Act as the service plan and the assessment plan relating to the Authorized Improvements for the District. The Service and Assessment Plan shall be updated by the City Council no less frequently than annually as required by the PID Act and more frequently as may be required by the Service and Assessment Plan including upon the issuance of PID Bonds. Section 4. Assessment Roll. The Assessment Roll is hereby accepted and approved pursuant to Section 372.016 of the PID Act as the Assessment Roll for Improvement Area #1 of the District for all purposes. Section 5. Lew and Payment of Assessments for Costs of the Authorized Improvements. (a) The City Council hereby levies the Assessments on each Parcel of property (excluding Non-Benefitted Property) located within Improvement Area #1 of the District, as shown and described in the Service and Assessment Plan and the Assessment Roll, in the amounts shown in the Service and Assessment Plan as a special assessment as set forth in the Assessment Roll. (b) The levy of the Assessments shall be effective on the date of execution of this Ordinance levying Assessments and strictly in accordance with the terms of the Service and Assessment Plan and the PID Act. (c) The collection of the Assessments shall be as described in the Service and Assessment Plan and the PID Act. (d) Each Assessment may be prepaid in whole or in part at any time without penalty or may be paid in Annual Installments pursuant to the terms of the Service and Assessment Plan. (e) Each Assessment shall bear interest at the rate or rates specified in the Service and Assessment Plan. (f) Each Annual Installment shall be collected each year in the manner set forth in the Service and Assessment Plan. (g) The Annual Collection Costs for Assessed Property shall be calculated pursuant to the terms of the Service and Assessment Plan. Section 6. Method of Assessment. The method of apportioning the Actual Costs of the Authorized Improvements and Annual Collection Costs are set forth in the Service and Assessment Plan. 7 2023 - 2023000070650 06/26l2023 08:09 AM Page 6 of 112 Section 7. Penalties and Interest on Delinquent Assessments. Delinquent Assessments shall be subject to the penalties, interest, procedures, and foreclosure sales set forth in the Service and Assessment Plan and as allowed by law. Section 8. Prepayments of Assessments. As provided in the Service and Assessment Plan, the owner of any Assessed Property may prepay the Assessments levied by this Ordinance. Section 9. Lien Priority. The City Council and the Landowners intend for the obligations, covenants and burdens on the Assessed Property, including without limitation such Landowners' obligations related to payment of the Assessments and the Annual Installments thereof, to constitute covenants that shall run with the land. The Assessments and the Annual Installments thereof which are levied hereby shall be binding upon the assessed parties, as the owners of Assessed Property, and their respective transferees, legal representatives, heirs, devisees, successors and assigns, regardless of whether such owners are named, in the same manner and for the same period as such parties would be personally liable for the payment of ad valorem taxes under applicable law. Assessments shall have lien priority as specified in the Service and Assessment Plan and the PID Act. Section 10. Applicability of Tag Code. To the extent not inconsistent with this Ordinance, and not inconsistent with the PID Act or the other laws governing public improvement districts, the provisions of the Texas Tax Code, as amended, shall be applicable to the imposition and collection of Assessments by the City. Section 11. Filing in Land Records. The City Secretary is directed to cause a copy of this Ordinance, including the Service and Assessment Plan and/or the Assessment Roll, to be recorded in the real property records of Collin County, Texas. The City Secretary is further directed to similarly file each Annual Service Plan Update approved by the City Council. Section 12. Severability. If any provision, section, subsection, sentence, clause, or phrase of this Ordinance, or the application of same to any person or set of circumstances is for any reason held to be unconstitutional, void, or invalid, the validity of the remaining portions of this Ordinance or the application to other persons or sets of circumstances shall not be affected thereby, it being the intent of the City Council that no portion hereof, or provision or regulation contained herein shall become inoperative or fail by reason of any unconstitutionality, voidness, or invalidity or any other portion hereof, and all provisions of this ordinance are declared to be severable for that purpose. 0 2023 - 2023000070650 06126l2023 08:09 AM Page 7 of 112 Section 1.3. Effective Date. This Ordinance shall take effect, and the levy of the Assessments, and the provisions and terms of the Service and Assessment Plan shall be and become effective upon passage and execution hereof. (Execution page follows.) 0 2023 - 2023000070650 06126/2023 08:09 AM Page 8 of 112 PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THIS 14t1' DAY OF MARCH, 2023. ATTEST: Nate Pike, Mayor Carrie L. Land, City ecretary STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on the I `041 day of March, 2023 by Nate Pike, the Mayor, and Carrie L. Land, the City Secretary, of the City of Anna, Texas on behalf of said City. JEOVANNA RUBIO Notary Public, State of Texa: Comm. Expires 10-03-2026 Notary ID 133995676 otary Public, State of Texas S-1 2023 - 2023000070650 06/26/2023 08=09 AM Page 9 of 112 EXHIBIT A Service and Assessment Plan A-1 2023 - 2023000070650 06/26/2023 08.09 AM Page 10 of 112 The Woods at Lindsey Place Public Improvement District SERVICE AND ASSESSMENT PLAN MARCH 14, 2023 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 11 of 112 TABLE OF CONTENTS Tableof Contents...........................................................................................................................1 Introduction....................................................................................................................................3 SectionI: Definitions.......................................................................................................................4 SectionII: The District...................................................................................................................11 Section III: Authorized Improvements..........................................................................................11 SectionIV: Service Plan.................................................................................................................14 Section V: Assessment Plan..........................................................................................................14 Section VI: Terms of the Assessments..........................................................................................18 Section VII: Assessment Roll.........................................................................................................23 Section VIII: Additional Provisions................................................................................................24 Exhibits.........................................................................................................................................26 Appendices...................................................................................................................................26 Exhibit A-1— Map of the District..................................................................................................27 Exhibit A-2 — Map of Improvement Area#1.................................................................................28 Exhibit A-3 — Lot Type Classification Map.....................................................................................29 Exhibit B-1 —Authorized Improvements.......................................................................................30 Exhibit B-2 — Remainder Area Apportionment of Costs...............................................................31 ExhibitC — Service Plan.................................................................................................................32 Exhibit D —Sources and Uses of Funds.........................................................................................33 Exhibit E — Maximum Assessment and Tax Rate Equivalent.........................................................34 Exhibit F-1— Improvement Area #1 Assessment Roll...................................................................35 Exhibit F-2 — Projected Improvement Area #1 Annual Installment..............................................36 Exhibit G-1— Maps of Improvement Area #1 Improvements.......................................................37 Exhibit G-2 — Maps of Major Improvements................................................................. ...42 Exhibit H — Form of Notice of PID Assessment Termination.........................................................47 Exhibit 1-1— District Legal Description..........................................................................................50 Exhibit 1-2 — Improvement Area #1 Legal Description..................................................................54 Appendix A— Engineer's Report...................................................................................................58 Appendix B — Buyer Disclosures...................................................................................................84 The Woods at Lindsey Place Public Improvement District Buyer Disclosure — Improvement Area #1 Initial Parcel.............................................................................................................................85 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 1 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 12 of 112 The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area #1 Lot Type 1.............................................................................................. .......91 ........................... The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area #1 Lot Type 2......................................................................................................................... ...97 [Remainder of page intentionally left blank.] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 13 of 112 INTRODUCTION Capitalized terms used in this Service and Assessment Plan shall have the meanings given to them in Section I unless otherwise defined in this 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 Service and Assessment Plan or an Exhibit or Appendix attached to and made a part of this Service and Assessment Plan for all purposes. On February 14, 2023, the City Council passed and approved Resolution No. 2023-02-1379 authorizing the establishment of the District in accordance with the PID Act, 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 198.006 acres located within the corporate limits of the City, as described by the legal description on Exhibit 1-1 and depicted on Exhibit A-1. 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. 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 included as Exhibit F-1. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 3 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 14 of 112 SECTION 1: DEFINITIONS "Actual Costs" mean with respect to Authorized Improvements, including Developer costs to create the District, the actual costs of constructing or acquiring such Authorized Improvements, (either directly or through affiliates), including : (1) the costs 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 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 Improvements; (5) all related permitting and public approval expenses, architectural, engineering, and consulting fees, and governmental fees and charges and (6) costs to implement, administer, and manage the above -described activities including, but not limited to, a construction management fee equal to four percent (4%) of construction costs if managed by or on behalf of the Developer. "Additional Interest" means the amount collected by the application of the Additional Interest Rate. "Additional Interest Rate" means the 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 Service and Assessment Plan, the 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 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. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 4 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 15 of 112 "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 Service and Assessment Plan prepared no less frequently than annually by the Administrator and approved by the City Council. "Apportioned Property" means any Parcel within the District against which the costs of the Authorized Improvements are Apportioned based on special conferred benefit and against which an Assessment is anticipated to be levied, but not yet levied. "Apportionment of Costs" means an amount allocated by this Service and Assessment Plan to a Parcel within the District for future Authorized Improvement costs, other than Non-Benefitted Property and Non -Assessed Property, subject to a future levy of Assessments by the City and also subject to reallocation upon the subdivision of such Parcel or reduction according to the provisions herein and in the PID Act. "Assessed Property" means any Parcel within the District against which an Assessment is levied. "Assessment" means an assessment levied against a Parcel within the District, other than Non - Benefited Property, 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 or reduction according to the provisions herein and in the PID Act. "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, includingthe Improvement Area #1 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, if issued, or any Annual Service Plan Update. "Authorized Improvements" means (the improvements authorized by Section 372.003 of the PID Act, as depicted on Exhibit G-1, Exhibit G-2 and described in Section III. "Bond Issuance Costs" means the costs associated with issuing PID Bonds, including but not limited to attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs, THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 5 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 16 of 112 publication costs, capitalized interest, reserve fund requirements, underwriter's discount, fees charged by the Texas Attorney General, and any other cost or expense 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 Service and Assessment Plan including penalties and reasonable attorney's fees actually paid, but excluding amounts representing interest and penalty interest. "Developer" means D.R. Horton — Texas, LTD., a Texas limited partnership, 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. "Development Agreement" means that certain Development Agreement entered into between the City and LHJH Properties, Ltd., a Texas limited partnership, effective November 10, 2020, applicable to all of the District, as amended by First Amendment to Development Agreement entered into between the City and Developer, dated the 24th day of January 2023, and as may be further amended by the Parties from time to time. "District" means The Woods at Lindsey Place Public Improvement District containing approximately 198.006 acres located within the corporate limits of the City, and more specifically described in Exhibit 1-1 and depicted on Exhibit A-1. "District Formation Expenses" 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 or Developer 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 for the Improvement Area #1 Improvements and Major Improvements. "Estimated Buildout Value" means the estimated value of an Assessed Property with fully constructed buildings, as provided by the Developer 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 each Lot Type is shown on Exhibit E. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 6 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 17 of 112 "First Year Annual Collection Costs" means the estimated cost of first year Annual Collection Costs. "Improvement Area #1" means approximately 57.444 acres located within the District, more specifically described in Exhibit 1-2 and depicted on Exhibit A-2. "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, if applicable. Additional Interest is not charged on the Improvement Area #1 Reimbursement Obligation, but will be included in the event Improvement Area #1 Bonds are issued. "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 within Improvement Area #1 and imposed pursuant to an 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. "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 Service and Assessment Plan as Exhibit F-1. "Improvement Area #1 Bonds" means those certain PID "City of Anna, Texas Special Assessment Revenue Bonds, Series 2023 (The Woods at Lindsey Place Public Improvement District Improvement Area #1 Project)" that are secured by Improvement Area #1 Assessments, and expected to be issued in calendar year 2023. "Improvement Area #1 Improvements" means the Authorized Improvements which only benefit the Improvement Area #1 Assessed Property, as further described in Section I11.A and depicted on Exhibit G-1. "Improvement Area #1 Initial Parcel" means all of the Improvement Area #1 Assessed Property against which the entire Improvement Area #1 Assessment is levied, as described in Exhibit 1-2, and depicted on Exhibit A-2. "Improvement Area #1 Projects" means, collectively (1) the Improvement Area #1 Improvements; (2) the Bond Issuance Costs allocable to Improvement Area #1; and (3) the First Year Annual Collection Costs. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 7 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 18 of 112 "Improvement Area #1 Reimbursement Agreement" means that certain "The Woods at Lindsey Place Public Improvement District Improvement Area #1 Funding and Reimbursement Agreement" entered into by and between the City and the Developer, as the developer of the Improvement Area #1 Projects, in which the Developer agrees to construct the Improvement Area #1 Projects and to fund certain Actual Costs of the Improvement Area #1 Projects and the City agrees to (i) pay directly or reimburse the Developer for Actual Costs of an Improvement Area #1 Projects from the proceeds of Improvement Area #1 Bonds, if issued, in accordance with the Act, this Service and Assessment Plan and the applicable Indenture, or (ii) reimburse the Developer for certain Actual Costs of Improvement Area #1 Projects not paid by proceeds of Improvement Area #1 Bonds solely from the revenue collected from Improvement Area #1 Assessments, including Improvement Area #1 Annual installments, but subordinate to the lien on the Improvement Area #1 Assessments pledged to the payment of Improvement Area #1 Bonds. "Improvement Area #1 Reimbursement Obligation" means an amount secured by the Improvement Area #1 Assessment to be paid to the Developer pursuant to the Improvement Area #1 Reimbursement Agreement. The projected Improvement Area #1 Annual Installments for the Improvement Area #1 Reimbursement Obligation is shown on Exhibit F-2. "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 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) far any portion of the District for which a final subdivision plat has been recorded in the 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 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, bui[dout 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, and the anticipated Lot Type classification map is identified on Exhibit A-3. "Lot Type 1" means a lot within Improvement Area #1 marketed to homebuilders as a 50' Lot, with an Estimated Buildout Value of $360,000. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT S SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06126/2023 08:09 AM Page 19 of 112 "Lot Type 2" means a lot within Improvement Area #1 marketed to homebuilders as a 60' Lot, with an Estimated Buildout Value of $375,000. "Major Improvements" means the Authorized Improvements which provide benefit to the entirety of the district, as further described in Section 111.13 and depicted on Exhibit G-2. "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 -Assessed Property" means Parcels that accrue special benefit from the Authorized Improvements, as determined by the City Council, but are not assessed. The Non -Assessed Property includes the multifamily and commercial areas adjacent to the District. "Notice of Assessment Termination" means a document that shall be recorded in the Official Public Records of the County the termination of an Assessment, a form of which is attached as Exhibit H. "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. "Remainder Area" means all property within the District save and except Improvement Area #1. "Remainder Area Apportioned Property" means any Parcel within the Remainder Area against which a portion of the Actual Costs of the Major Improvements are Apportioned based on special conferred benefit, and against which an Assessment is expected to be levied, but not yet levied. "Remainder Area Apportionment of Costs" means an Apportionment of Costs against a Parcel within the Remainder Area for the Remainder Area Projects, as shown on Exhibit B-2, subject to THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 9 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 20 of 112 reallocation upon the subdivision of such Parcel or reduction according to the provisions herein and in the PID Act. "Remainder Area Projects" means the pro rata portion of the Major Improvements allocable to the Remainder Area based on Estimated Buildout Value. "Service and Assessment Plan" means this The Woods at Lindsey Place Public Improvement District Service and Assessment Plan as updated, amended, or supplemented from time to time. "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. "Trustee" means the trustee or successor trustee under an Indenture. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 10 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 21 of 112 SECTION II: THE DISTRICT The District includes approximately 198.006 contiguous acres located within the corporate limits of the City, the boundaries of which are more particularly described by the legal description on Exhibit 1-1 and depicted on Exhibit A-1. Development of the District is anticipated to include approximately 951 Lots developed with single-family homes. Improvement Area #1 includes approximately 57.444 contiguous acres located within the corporate limits of the City, the boundaries of which are more particularly described by the legal description on Exhibit 1-2 and depicted on Exhibit A-2. Development of Improvement Area #1 is anticipated to include approximately 218 Lots developed with single-family homes (188 single- family homes classified as Lot Type 1, and 30 single-family homes classified as Lot Type 2)_ The Remainder Area includes approximately 140.562 contiguous acres located within the corporate limits of the City. Development of the Remainder Area is anticipated to include approximately 733 Lots developed with single-family homes. SECTION III: AUTHORIZED IMPROVEMENTS The City, based on information provided by the Developer 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 and/or the Apportioned Property. Authorized Improvements will 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-1. A. improvement Area #1 Improvements ■ Erosion Control Improvements including silt fences, inlet protection, rock check dams, drill seeding, soil retention blankets, biodegradable erosion control logs, and construction exit/entrances necessary to provide erosion control for all Lots within Improvement Area #1. ■ Excavation Excavation improvements include related earthworks, excavation, intersections, and re - vegetation of all disturbed areas within the right-of-way of Improvement Area #1. ■ Sanitary Sewer Sanitary Sewer improvements include trench excavation and embedment, trench safety, PVC piping, manholes, concrete easement, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 11 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 22 of 112 sanitary sewer service for all Lots within Improvement Area #1. ■ Storm Sewer Storm Sewer improvements include earthen channels, swales, RCP piping and boxes, manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide storm drainage for all Lots within Improvement Area #1. ■ Water Water improvements include trench excavation and embedment, trench safety, PVC piping, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide water service for all Lots within Improvement Area #1. ■ Paving Roadway improvements include subgrade stabilization, concrete and reinforcing steel for roadways, testing, and handicapped ramps, related earthworks, intersections, and re - vegetation of all disturbed areas within the right-of-way of Improvement Area #1. ■ Street Lights Improvements including traffic signage, streetlights, and stop lights are included. These traffic and lighting improvements will provide a benefit to all Lots within Improvement Area #1. • Soft Costs Includes costs related to designing, constructing, and installing the Improvements Area #1 Improvements including land planning and design, City fees, engineering, soil testing, survey, construction management, contingency, legal costs, consultants, and costs associated with financing the Improvement Area #1 improvements. B. Major Improvements ■ Excavation Excavation improvements include excavation, intersections, and re -vegetation of all disturbed areas within the right-of-way benefitting the entire District. ■ Sanitary Sewer Sanitary Sewer improvements include trench excavation and embedment, trench safety, PVC piping, manholes, concrete easement, stub outs to future developments, testing, THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 12 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 23 of 112 related earthwork, erosion control, and all necessary appurtenances required to provide sanitary sewer service to the entire District. ■ Storm Sewer Storm Sewer improvements include earthen channels, swales, RCP piping and boxes, manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide storm drainage to the entire District. ■ Water Water improvements include trench excavation and embedment, trench safety, PVC piping, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide water service to the entire District. ■ Paving Paving improvements include subgrade stabilization, concrete and reinforcing steel for roadways, testing, and handicapped ramps, related earthworks, intersections, and re - vegetation of all disturbed areas within the right-of-way of the District. ■ Soft Costs Includes costs related to designing, constructing, and installing the Major Improvements including land planning and design, City fees, engineering, soil testing, survey, construction management, contingency, legal costs, consultants, District Formation Expenses, and costs associated with financing the Improvement Area #1 Improvements. C. 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 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 13 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 24 of 112 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. D. Other Costs ■ First Year Annual Collection Costs 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 (i) cover a period of at least five years, (ii) define the annual projected costs and indebtedness for the Authorized Improvements undertaken within the District during the five-year period and (iii) include a copy of the notice form required by Section 5.014 of the Texas Property Code, as amended. The Service Plan must be reviewed and updated by the City Council at least annually in each Annual Service Plan Update. Exhibit C summarizes the Service Plan for Improvement Area #1. The notice form required by Section 5.014 of the Texas Property Code is attached hereto as Appendix B. Exhibit D summarizes the sources and uses of funds required to construct the Authorized Improvements. The sources and uses of funds shown on Exhibit D shall be updated in the Annual Service Plan Update to reflect any budget revisions and Actual Costs. SECTION V: ASSESSMENT PLAN The PID Act allows the City Council to apportion the costs of the Authorized Improvements to the Assessed Property and Apportioned 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 and formulas for the apportionment of the cost between the City THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 14 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 25 of 112 and the area to be assessed and the methods of assessing the special benefits for various classes of improvements. This section of this 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 to be 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 Developer and all future owners and developers of the Assessed Property and Apportioned Property. A. Assessment Methodology The City Council, acting in its legislative capacity based on information provided by the Developer 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 Improvement Area #1 Improvements shall be allocated 100% to Improvement Area #1 Assessed Property based on the ratio of the Estimated Buildout Value of each Lot Type designated as Improvement Area #1 Assessed Property to the Estimated Buildout Value of all Improvement Area #1 Assessed Property. Currently, the Improvement Area #1 Initial Parcel is the only Parcel within Improvement Area #1, and as such, the Improvement Area #1 Initial Parcel is allocated 100% of the Improvement Area #1 Improvements. ■ The costs of the Major Improvements shall be allocated 24.23%to Improvement Area #1 Assessed Property and 75.77% to the Remainder Area Apportioned Property pro rata based on the Estimated Buildout Value as illustrated on Exhibit B-1. B. Assessments Improvement Area #1 Assessments are levied on the Improvement Area #1 Assessed Property according to the Improvement Area #1 Assessment Roll attached hereto as Exhibit F-1. The projected Improvement Area #1 Annual Installments are shown on Exhibit F-2, and are subject to revisions made in any Annual Service Plan Update. The Maximum Assessment for each Lot Type within Improvement Area #1 is shown on Exhibit E. In no case will the Assessment for Lot Type 1, and Lot Type 2 within Improvement Area #1 exceed the corresponding Maximum Assessment. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT is SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 26 of 112 C. Findings of Special Benefit The City Council, acting in its legislative capacity based on information provided by the Developer 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 total costs of the Improvement Area #1 Projects equal $9,877,603 as shown on Exhibit B-1; and ■ The Improvement Area #1 Initial Parcel receives special benefit from the Improvement Area #1 Projects equal to or greater than the Actual Cost of the Improvement Area #1 Projects; and ■ The Improvement Area #1 Initial Parcel will be allocated 100% of the Improvement Area #1 Assessment levied for the Improvement Area #1 Projects, which equals $7,419,000 as shown on the Improvement Area #1 Assessment Roll attached hereto as Exhibit F-1; and ■ The special benefit ( >_ $9,877,603) received by the Improvement Area #1 Initial Parcel from the Improvement Area #1 Projects is equal to or greater than the amount of the Improvement Area #1 Assessment ($7,419,000) levied on the Improvement Area #1 Initial Parcel for the Improvement Area #1 Projects; and ■ At the time the City Council approved this Service and Assessment Plan, the Developer owned 100% of the Improvement Area #1 Initial Parcel. The Developer 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 Developer 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 Service and Assessment Plan and the applicable Assessment Ordinance; and (3) the levying of the Improvement Area #1 Assessment on the Improvement Area #1 Initial Parcel. ■ Remainder Area • The total costs of the Remainder Area Projects allocable to the Remainder Area as financed by the Developer equals $4,051,780 as shown on Exhibit B-2; and ■ The Remainder Area receives special benefit from the Remainder Area Projects equal to or greater than the Actual Cost of the Remainder Area Projects apportioned to the Remainder Area Apportioned Property; and THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 16 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 27 of 112 ■ The Remainder Area Apportioned Property will be apportioned 100% of the Remainder Area Projects, which equals $4,051,780 as shown on Exhibit B-2, of which all or a portion of such amount is expected to be levied by the City at a later date; and ■ At the time the City Council approved this Service and Assessment Plan, the Developer owned 100% of the Remainder Area Apportioned Property. The Developer acknowledged that the Remainder Area Projects confer a special benefit on the Remainder Area Apportioned Property and consented to the imposition of the Remainder Area Apportionment of Costs in anticipation of a future levy of Assessments by the City Council to pay for all or a portion of the Remainder Area Apportionment of Costs of Remainder Area Projects associated therewith. The Developer ratified, confirmed, accepted, agreed to, and approved: (1) the determinations and findings by the City Council as to the special benefits described herein; (2) this Service and Assessment Plan; and (3) the Apportionment of Costs on the Remainder Area Apportioned Property. 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 Roll, 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. The interest on the Improvement Area #1 Assessment securing the Improvement Area #1 Reimbursement Obligation shall be collected at rates established under the Improvement Area #1 Reimbursement Agreement as part of the Improvement Area #1 Annual Installment. Additional Interest cannot be collected on the Improvement Area #1 Assessment securing the Improvement Area #1 Reimbursement Obligation. SECTION VI: TERMS OF THE ASSESSMENTS A. Reallocation of Assessments 1. Upon Division Prior to Recording of Subdivision Plot THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 17 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 28 of 112 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=Bx(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 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 Developer. The Estimated Buildout Value for Lot Type 1 and Lot Type 2 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 o Recorded Subdivision Plot 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 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 18 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 29 of 112 D = the sum of the Estimated Buildout Value for all of the newly subdivided Lots excluding Non -Benefited Property E= the number of newly subdivided Lots with same Lot Type Prior to the recording of a subdivision plat, the Developer 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 Developer, homebuilders, third party consultants, and/or the Official Public Records of the County regarding the Lot. The Estimated Buildout Value for Lot Type 1 and Lot Type 2 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 -Benefited 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 PID Assessment Termination," a form of which is attached hereto as Exhibit H. C. True -Up of Assessments if Maximum Assessment Exceeded at Plat THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 19 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 30 of 112 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 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. 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 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 as 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 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 20 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 31 of 112 Installments shall terminate with respect to said Assessed Property; and (4) the City shall provide the owner with a recordable "Notice of PID 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 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, the Improvement Area 41 Reimbursement Obligation is and will remain subordinated to (i) the Improvement Area #1 Bonds and (ii) any additional PID Bonds secured by a parity lien on the Improvement Area #1 Assessments issued to refinance all or a portion of the Improvement Area 41 Reimbursement Obligation. For purposes of Prepayments, additional PID Bonds issued to refinance all or a portion of the Improvement Area #1 Reimbursement Obligation will be on parity with the Improvement Area 41 Bonds. 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 projected 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 the 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 -Benefited 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. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 21 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 32 of 112 Sales of the Assessed Property far 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 Administrator shall recalculate the Annual Installments 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 shall be due when billed and shall be delinquent if not paid prior to February 1, 2024. 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 -Benefited 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 -Benefited Property, subject to an adjustment of the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. The owner of the Remaining Property will remain liable to pay in Annual Installments, or payable as otherwise provided by this 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 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 22 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 33 of 112 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 Remaining 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 -Benefited 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. 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 Administrator shall prepare and submit to the City Council for review and approval proposed revisions to the Improvement Area #1 Assessment Roll and Improvement Area #1 Annual Installments for each Parcel as part of each Annual Service Plan Update. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 23 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 34 of 112 SECTION Vill: ADDITIONAL PROVISIONS A. Calculation Errors If the owner of a Parcel claims that an error has been made in any calculation required by this 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 15' 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 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. B. Amendments Amendments to this 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 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 Service and Assessment Plan. C. Administration and Interpretation The Administrator shall: (1) perform the obligations of the Administrator as set forth in this 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 Service and Assessment Plan. Interpretations of this 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. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 24 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 35 of 112 D. Form of Buyer Disclosure/Filing Requirements Per Section 5.014 of the Texas Property Code, as amended, this 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 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 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. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 25 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 36 of 112 I EXHIBIT A-1— MAP OF THE DISTRICT ---- ---max:;' •�- , - THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 27 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 37 of 112 EXHIBIT A-2 - MAP OF IMPROVEMENT AREA #1 EXHIBIT P-9: IMPROVEMENT AREA T BOUNDARY EXHIBIT THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 28 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 38 of 112 I EXHIBIT A-3 - LOT TYPE CLASSIFICATION MAP I LOT TYPE I HATCH ,• EO' LOTS (PD SF-721 . I •' I SO' LOTS iPDSFbp) FFRGVS0WR*WY ---- - ----------------- .... --- _ t1 ------------- ..... A... , i &CA , sunaus ,S x•wcxs i• • -.i i ' ' 1 ..... : • nr,rorn�,•r , AANtA xlACrrp I _ %•• r ' .............. ........................ - • , .' t� r.•r91ov"w-,An" 4 • :_ na Ana i - nr oarA ro#pKwr CoommaauLOT •Li THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 29 SERVICE AND ASSESSMENT PLAN TOTALLOTS 3D LOTS I" LOTS 2023 - 2023000070650 06/26/2023 08:09 AM Page 39 of 112 EXHIBIT B-1- AUTHORIZED IMPROVEMENTS Non -Assessed Propertyz District Eligible Costs Remaind r Area Improvement Areo 1f1 Improvements Erosion Control $ 57,000 $ $ $ 57,000 100.00% $ 57,000 0.00% $ Excavation 162,500 162,500 100.00% 162,500 0.00% SanitarySewer 1,053,228 1,053,228 10C.00% 1,053,228 0.00% Storm Sewer 1,771,838 1,771,838 100.00% 1,771,838 0.00% Water 1,123,596 1,123,596 100.00% 1,123,596 0.00% Paving 1,772,441 1,772,441 100,00% 1,772,441 0.00% Street Lights 66,000 66,000 10C.00% 66,000 0.00% Soft Costs' 1,329,145 1,329,145 100.00% 1,329,145 0.00% $ 7,335,749 $ - $ $ 7,335,748 S 7,335,748 $ Major Improvements Excavation $ 612,616 93,824 $ S 518,792 24.23% $ 125,685 75.77% $ 393,107 Sanitary Sewer 1,212,374 185,679 1,026,695 24.23% 248,732 75.77% 777,963 Storm Sewer 1,136,739 174,095 962,644 24.23% 233,215 75.77% 729,429 Water 758,402 116,152 642,250 24.23% 155,595 75.77% 486,655 Paving 1,450,080 222,084 1,227,996 24.23% 297,501 75.77% 930,495 Soft Costs 1,144,068 175,218 968,850 24.23% 234,719 75.77% 734,132 $ 6,314,279 $ 967,052 $ $ 5,347,227 $ 2,295,447 $4,C51,780 Private Improvements Private Improvements $ 5,957,494 $ - S 5,957,494 $ - $ $ $ 5,957,494 $ $ 5,957,494 $ - $ - $ Bond Issuance Costs Debt Service Reserve Fund $ 539,608 $ $ - $ 539,608 $ 538,608 $ Capitalized interest - - Underwriter Discount 148,400 148,400 149,400 Underwriter's Counsel 74,200 74,200 74,200 Cost of Issuance 445,200 445,200 445,200 $ 1,206,408 $ $ $ 1,206,406 $ 1,2C6,408 $ Other Costs First Year Annual Collection Costs $ 40,000 $ $ $ 40,000 $ 40,000 S $ 40,000 $ $ $ 40,000 $ 40,000 $ Total $ 20,853,929 $ 967,052 $ 5,957,494 $ 13,929,383 $ 9,877,603 $ 4,053,780 Footnotes: (1) Costs based on Engineer's Report, attached hereto as Appendix A. (2) Non -Assessed Property allocated 15.32% of Major Improvements based on Acreage ($6,314,279 . 15.32% _ $967,052). (3) Includes Engineering and Contingency as detailed in the Engineer's Report. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 30 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 40 of 112 EXHIBIT B-2 - REMAINDER AREA APPORTIONMENT OF COSTS Footnotes: 1) Reimbursable in part or in full from future Assessessments levied in the Remainder Area. 2) The costs of the Major Improvements apportioned pro rata based on Estimated Buildout Value between Improvement Area #1 and the Remainder Area. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 31 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06126/2023 08:09 AM Page 41 of 112 I EXHIBIT C -SERVICE PLAN Principal Interest Annual Collection Costs Additional Interest' $ 3,000.00 $ 3,000.00 $ 2,000.00 $ 1,000.00 $ - $ 572,004.90 $ 571,773.60 $ 571,542.30 $ 571,388.10 $ 571,311.00 (1) $ 575,004.90 $ 574,773.60 $ 573,542.30 $ 572,388.10 $ 571,311.00 (2) $ 40,000.00 $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29 (3) Total Annual Installment (3) = (1) + (2) $ 615,004.90 $ 615,573.60 $ 615,158.30 $ 614,836.42 $ 614,608.29 Footnotes: 1) Additional Interest will not be charged on the Improvement Area #1 Reimbursement Obligation. In the event Improvement Area #1 Bonds are issued, the Service Plan and Assessment Roll shall be updated to reflect the Additional Interest collected for the Improvement Area #1 Bonds. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 32 2023 - 2023000070650 06/26/2023 08:09 AM Page 42 of 112 EXHIBIT D - SOURCES AND USES OF FUNDS Improvement Area #1 Reimbursement Obligation $ - $ 7,419,000 $ - $ 7,419,000 Developer Contribution - Improvement Area #11 - 21458,603 - 2,458,603 Developer Contribution - Remainder Area - 4,051,780 4,051,780 Developer Contribution - Non -Assessed Property' 967,052 - 967,052 Developer Contribution - Private Improvements' 5,957,494 5,957,494 Total Sources $ 6,924,546 $ 9,877,603 $4,051,780 $ 20,853,929 Improvement Area #1 Improvements Major Improvements Private Improvements Bond Issuance CostS2 Debt Service Reserve Fund Capitalized Interest Underwriter's Discount Underwriter's Counsel Cost of Issuance Other Costs First Year Annual Collection Costs Total Uses Footnotes: $ - $ 7,335,748 $ - $ 7,335,748 967,052 1,295,447 4,051,780 6,314,279 5,957,494 - - 5,957,494 $ 6,924,546 $ 8,631,195 $ 4,051,780 $ 19,607,521 $ - $ 538,608 $ - $ 538,608 - 148,400 148,400 - 74,200 - 74,200 - 445,200 - 445,200 $ - $ 1,206,408 $ - $ 1,206,408 - 40,000 - 40,000 $ - $ 40,000 $ - $ 40,000 $ 6,924,546 $ 9,877,603 $ 4,051,780 $ 20,853,929 1) Not reimbursable to the Developer through Assessments or PID Bond proceeds. 2) Preliminary estimate only, to be updated if Improvement Area #1 Bonds are issued. 3) Apportioned costs to be levied in part or in full at a later date. -. - - - THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 33 2023 - 2023000070650 06/26/2023 08:09 AM Page 43 of 112 EXHIBIT E - MAXIMUM ASSESSMENT AND TAX RATE EQUIVALENT Footnotes: 1) Per information provided by the Developer. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 34 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 44 of 112 EXHIBIT F-1- IMPROVEMENT AREA #1 ASSESSMENT ROLL Footnotes: 1) The entire Improvement Area #1 is contained within Property ID 2832376. For billing purposes, the Improvement Area #1 Annual Installment due 1/31/2024 shall be allocated pro rata based on acreage. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 35 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 45 of 112 EXHIBIT F-2 - PROJECTED IMPROVEMENT AREA #1 ANNUAL INSTALLMENT 2024 $ 3,000.00 $ 572,004.90 $ 40,000.00 $ 615,004.90 2025 $ 3,000.00 $ 571,773.60 $ 40,800.00 $ 615,573.60 2026 $ 2,000.00 $ 571,542.30 $ 41,616.00 $ 615,158.30 2027 $ 1,000.00 $ 571,388.10 $ 42,448.32 $ 614,836.42 2028 $ - $ 571,311.00 $ 43,297.29 $ 614,608.29 2029 $ 151,000.00 $ 420,147.00 $ 44,163.24 $ 615,310.24 2030 $ 159,000.00 $ 411,585.30 $ 45,046.50 $ 615,631.80 2031 $ 167,000.00 $ 402,570.00 $ 45,947.43 $ 615,517.43 2032 $ 175,000.00 $ 393,101.10 $ 46,866.38 $ 614,967.48 2033 $ 184,000.00 $ 383,178.60 $ 47,803.71 $ 614,982.31 2034 $ 194,000.00 $ 372,745.80 $ 48,759.78 $ 615,505.58 2035 $ 204,000.00 $ 361,746.00 $ 49,734.98 $ 615,480.98 2036 $ 214,000.00 $ 350,179.20 $ 50,729.68 $ 614,908.88 2037 $ 225,000.00 $ 338,045.40 $ 51,744.27 $ 614,789.67 2038 $ 237,000.00 $ 325,287.90 $ 52,779.16 $ 615,067.06 2039 $ 249,000.00 $ 311,850.00 $ 53,834.74 $ 614,684.74 2040 $ 262,000.00 $ 297,731.70 $ 54,911.43 $ 614,643.13 2041 $ 276,000.00 $ 282,876.30 $ 56,009.66 $ 614,885.96 2042 $ 291,000.00 $ 267,227.10 $ 57,129.85 $ 615,356.95 2043 $ 306,000.00 $ 250,727.40 $ 58,272.45 $ 614,999.85 2044 $ 322,000,00 $ 233,377.20 $ 59,437.90 $ 614,815.10 2045 $ 339,000.00 $ 215,119.80 $ 60,626.66 $ 614,746.46 2046 $ 357,000.00 $ 195,898.50 $ 61,839.19 $ 614,737.69 2047 $ 376,000.00 $ 175,656.60 $ 63,075.97 $ 614,732.57 2048 $ 396,000.00 $ 154,337.40 $ 64,337.49 $ 614,674.89 2049 $ 418,000.00 $ 131,884.20 $ 65,624,24 $ 615,508.44 2050 $ 440,000.00 $ 108,183.60 $ 66,936.72 $ 615,120.32 2051 $ 464,000.00 $ 83,235.60 $ 68,275.45 $ 615,511.05 2052 $ 489,000.00 $ 56,926.80 $ 69,640.96 $ 615,567.76 2053 $ 515,000.00 $ 29,200.50 $ 71,033.78 $ 615,234.28 Total $ 7,419,000.00 $ 9,410,838.90 $ 1,622,723.23 $ 18,452,562.13 Footnotes: 1) The interest rate is calculated at 7.71% for years 1-5, and 5.67% for the remaining term, as described in the Improvement Area #1 Reimbursement Agreement. 2) The figures shown above are estimates only and subject to change in Annual 5ervice Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets could increase or decrease the amounts shown. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 36 SERVICE AND ASSESSMENT PLAN 2023 - 202300007000 0612WM3 08-09 AM Page 46 of 112 EXHIBIT G-1- MAPS OF IMPROVEMENT AREA #1 IMPROVEMENTS / V I I ! �n�vnwurr I` ! �r�evo�erruua. wn�vviwnrr.w�� � �� ;• � '•' 1 _1 I OI 1 I t � 1!•, j r..ro.�.r.s.• I t— l I •---I=__________________ ----- — ____ = ____ =\ —— --- — TNROCAAIORTOHPAWY r BOHLERd EXHIBIT C-1: IMPROVEMENT AREA 1-.`a.�.. ON -SITE DEVELOPER ROADWAY IMPROVEMENTS =�] THE WOODS AT LINDSEY PLACE 1 EM` w ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 37 2023 - 2023000070650 06/26/2023 08:09 AM Page 47 of 112 1 FERGUSO,YP I \\ , I I I I \ iw�JA #r►Xownrc AS" 0 t lrrnowxfM ARM 2 A 0000V<rtrr A*" t 1 I 1 I I I I wrRoveAINWAL rA» � Ir►1p11rrlrf MM 1 t I------------- ----_-----------------------------^—� 7HROCKMORTOHPKWY BOHLER// EXHIBIT D-1: ON -SITE IMPROVEMENT AREA 1 - �aM..Tw DEVELOPER SANITARY SEWER IMPROVEMENTS ,n THE WOODS AT LINDSEY PLACE ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 38 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08-09 AM Page 48 of 112 •1, YF 11 L 17 1 -1 ku I �.rworr.un.sw t RwSO"iff n u... \ 1 - .p�., _I I DI I I I rrworr..n uu of I tl ! � uPSorrN.wr ueu. _ — _ _ — — THROCKM0RTOHPKWY BOHLER// EXHIBIT E-1: ON -SITE IMPROVEMENT AREA 1 " �aw�ro DEVELOPER STORM SEWER IMPROVEMENTS "'° Tx Mu THE WOODS AT LINDSEY PLACE ANNA, TEXAS ro Mtge n W.. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 39 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 0612612023 08:09 AM Page 49 of 112 41 . '• \ • I� rrffarfrfnr •ff� a �', • loppavNerr AMILM 8 rwaorsrrrr.wa r . 11 V. swroov"fforr AIMA Eff fXFff0WWff#fr ARIN 4 Z 7 ---------- ------------------------- ------------- MRWIMORri"PK" BOHLER// EXHIBIT F-1: ON -SITE IMPROVEMENT AREA 1 DEVELOPER WATER IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA. TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 40 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 0612612023 08-09 AM Page 50 of 112 I PERG(/SONPKWY --� L / 101MVF"mffMM/ I )WWVM/IITMMJ ' �OYmIfMMf ` ;1.• I I e/POOVmOARM s nsw°r - MM1 -------- -------------_—_-------------------------- . MROCKMORWNPKWY or BOHLER# EXHIBIT G-1: IMPROVEMENT AREA 1 lx�o3lo ON -SITE DEVELOPER EROSION CONTROL =� .`:"°.n"` THE WOODS AT LINDSEY PLACE ti.M.--,..,._<..... ANNA. TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 41 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 51 of 112 EXHIBIT G-2 - MAPS OF MAJOR IMPROVEMENTS cusavP�r,r, --+r I I` (, rso..avrr errovaawr aa� t I rwraovsw.rr pruA a �, I i � t 1 . � E I rra►eorfawraaaus I tl --------- nAVOCAMae MA"W �1 .i, BOHLER// EXHIBIT H: PUBLIC ROADWAY MAJOR IMPROVEMENTS - ,� THE WOODS AT LINDSEY PLACE rl(aHehbrEnpean ti...•.o.,......,.W„ ANNA. TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 42 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06126/2023 08-09 AM Page 52 of 112 FDftwsavpAwy ` 1 } 1 � I � 611- I I_ 1 I_ 7NR0CAAI0R70W PKWy BOHLER// EXHIBIT I: MAJOR IMPROVEMENT PUBLIC SANITARY SEWER .toownr+oftK%J.tu"310 IMPROVEMENTS THE WOODS AT LINDSEY PLACE �.>xm. J ANNA. TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 43 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08-09 AM Page 53 of 112 'If 3•;1• 1 rrnrorrrar - wrrrw a rrrioroerr } rrrroverrrrr 'r:. r.t r ur j i \ . urwsr a h: ! rnrorrrar j t AMA 20 r . rrrwwrrar I ------------ ------ --I--....----_-------------------_--—_.7 r rmoc"o)?rowpYWY BOHLER// EXHIBIT J: MAJOR IMPROVEMENTS PUBLIC STORM SEWER THE WOODS AT LINDSEY PLACE ru rn.w-m fYQBoMrrEn9mr �.. •.�..... .W.. ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 44 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 54 of 112 —T — 1 I �►ao.srrr 1 .urwa . , awonra.n wneKwn I L-� [- ------------I----------------------- \\y - WR0aaV WNA0fwr BOHLER// EXHIBIT K: MAJOR IMPROVEMENT PUBLIC WATER =�ft, .2.n3p THE WOODS AT LINDSEY PLACE �1 m rx "mu \ J Mr .YT af'lC ANNA, TEXAS IMf.1•r.. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 45 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 0612612023 08:09 AM Page 55 of 112 I FERGMSOWPAWY - - - - - - - - - - - - - - - - - - - - MROCAWORMNAAWY N BOHLERW EXHIBIT L: OFF -SITE PUBLIC EROSION CONTROL =f&lrvvcwaL\fc-sw THE WOODS AT LINDSEY PLACE ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 46 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 56 of 112 EXHIBIT H — FORM OF NOTICE OF PID ASSESSMENT TERMINATION P3 Works, 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 120 W. 71h Street Anna, TX 75409 Please contact me if you have any questions or need additional information. Sincerely, [Signature] P3 Works, LLC (817) 393-0353 Admin(a)P3-Works.com www.P3-Works.com THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 47 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 57 of 112 AFTER RECORDING RETURN TO: [City Secretary Name] 120 W. 7th Street 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 of Anna, 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 Iimits of the City; and WHEREAS, on February 14, 2023, the City Council of the City approved Resolution No. creating The Woods at Lindsey Place Public Improvement District (the "District"); and WHEREAS, the District consists of approximately 198.006 contiguous acres within the corporate limits 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: THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 48 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06126/2023 08:09 AM Page 58 of 112 [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 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 49 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 59 of 112 EXHIBIT 1-1— DISTRICT LEGAL DESCRIPTION Exhibit Q — Overall PID Legal Description FIELD DESCRIPTION: BEING a tract of land situated in the Town of Anna, Collin County, Texas, a part of Eli Witt Survey, Abstract No. 997, being part of a called 275.00 acre tract of land described in a Special Warranty Deed to D.R. Horton — Texas, Ltd., recorded in Instrument No. 20210212000310470, Official Public Records, Collin County, Texas (O.P.R.C.C.T), and being more particularly described as follows: COMMENCING at a five -eighths inch iron rod with yellow plastic cap that is illegible found at the southeast comer of said 275.00 acre tract of land, said iron rod being at the northeast comer of a called 226.62 acre tract of land described in a Warranty Deed to OJR Partnership, Ltd. recorded in Volume 5106, Page 2380, O_P_R.C.C_T and said iron rod being in the west line of a called 50.00 acre tract of land described in a Special Warranty Deed with Vendor's Lien to MCI Preferred Income Fund 11, LLC, recorded in Instrument No. 20210830001753370, (O.P_R.C_C.T); THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 168.60 feet along the south line of said 275.00 acre tract of land and along the north line of said 226.62 acre tract of land to the POINT OF BEGINNING of the herein described tract of land-, THENCE South 89 degrees 28 minutes 48 seconds idlest, a distance of 2,480.27 feet along the south line of said 275.00 acre tract of land) and along the north line of said 226.62 acre tract of land to a point for comer, from which a one-half inch iron rod with yellow plastic cap stamped "BOHLER ENG" set (hereinafter called "iron rod set") at the southwest comer of said 275.00 acre tract of land bears South 89 degrees 28 minutes 48 seconds West, a distance of 335.99 feet THENCE North 00 degrees 34 minutes 00 seconds West, a distance of 385.03 feet to a point for comer-, THENCE North 29 degrees 27 minutes 03 seconds West, a distance of 120-00 feet to a point for comer THENCE Northeasterly 44.49 feet along a non -tangent curve to the left, having a central angle of 03 degrees 13 minutes 35 seconds, a radius of 790.00 feet, a tangent of 22.25 feet and whose cord bears North 58 degrees 56 minutes 09 seconds East, a cord distance of 44.48 feet to a point for comer, THENCE Northeasterly 236.99 feet along a curve to the right, having a central angle of 14 degrees 55 minutes 17 seconds, a radius of 910.00 feet, a tangent of 119-17 feet and whose cord bears North 64 degrees 47 minutes 01 seconds East, a cord distance of 236.32 feet to a point for comer; THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SO SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 60 of 112 THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 652.43 feet to a point for comer; THENCE North 89 degrees 26 minutes 21 seconds East, a distance of 144.81 feet to a point for comer; THENCE North 02 degrees 33 minutes 19 seconds East, a distance of 504.55 feet to a point for comer, THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 1,369.34 feet to a point for comer, - THENCE South 89 degrees 26 minutes 21 seconds West, a distance of 620.00 feet to a point for comer; THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 526.78 feet to a point for comer-, THENCE Northeasterly 1,091.99 feet along a curve to the right having a central angle of 32 degrees 41 minutes 20 seconds, a radius of 1,914.00 feet, a tangent of 561.30 feet and whose cord bears North 15 degrees 47 minutes 01 seconds East, a cord distance of 1,077.24 feet to a point for comer; THENCE North 32 degrees 39 minutes 37 seconds East, a distance of 90.00 feet to a point for comer, THENCE North 32 degrees 43 minutes 36 seconds East, a distance of 144.49 feet to a point in the north line of said 275.00 acre tract of land, said point being a the south line of a called 555.801 acre tract of land, described as Tract B in a Special Warranty Deed to Risland Mantua, LLC, recorded in Instrument No_ 20180625000783630, (O.P_R.C.C_T); THENCE South 86 degrees 39 minutes u3 seconas cast, a alsiarlce of 2bb. /8 feet along the north line of said 275.00 acre tract of land and along a south line of said 555.801 acre tract of land to a one-half inch iron rod found for comer, from which a one- half inch iron rod found bears North 01 degrees 19 minutes 02 seconds West, a distance of 2.04 feet; THENCE South 89 degrees 10 minutes 24 seconds East, a distance of 1,018.92 feet along the north line of said 275.00 acre tract of land to a one-half inch iron rod set for comer, said iron rod being at the southwest corner of a called 83.36 acre tract of land described in a Quit Claim Deed to Alta McClain, recorded in Volume 626, Page 141, (D.R.C.C.T) which is now listed in the Collin County Appraisal District records as being owned by Laura Collins to which no transfer of title either direct or indirect can be found in Collin County Deed Records; THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 51 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 61 of 112 THENCE South 89 degrees 16 minutes 53 seconds East, a distance of 111.06 feet along a north line of said 275.00 acre tract of land and along the south line of said 83.36 acre tract of land to a one-half inch iron rod set at the northeast comer of said 275.00 acre tract of land, said iron rod being at the northwest comer of a called 95.444 acre tract of land described in a Special Warranty Deed with Vendor's Lien to MCI PREFERRED INCOME FUND II, LLC, recorded in Instrument No. 20210819001679920,(O.P.R.C.C.T); THENCE along the east line of said 275.00 acre tract of land and along the west line of said 95.444 acre tract of land as follows: South 01 degrees 16 minutes 44 seconds East, a distance of 1,185.56 feet to a one-half inch iron rod with yellow cap stamped "JBI" found for comer, South 00 degrees 47 minutes 08 seconds East, a distance of 1,100.00 feet to a one-half inch iron rod set at the most westerly southwest comer of said 95.444 acre tract of land; THENCE North 88 degrees 32 minutes 52 seconds East, a distance of 906.82 feet along the most easterly north line of said 275.00 acre tract of land and along the most westerly south line of said 95.444 acre tract of land to a point for comer, THENCE South 00 degrees 44 minutes 46 seconds East, a distance of 314.82 feet to a point for comer, THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 481.91 feet to a point for comer, THENCE South 00 degrees 31 minutes 12 seconds East, a distance of 889.34 feet to a point for comer THENCE Southeasterly 120.981 feet along a curve to the left, having a central angle of 14 degrees 35 minutes 35 seconds, a radius of 475.00 feet, a tangent of 60.82 feet and whose cord bears South 07 degrees 49 minutes 00 seconds East, a cord distance of 120.66 feet to a point for comer; THENCE South 39 degrees 17 minutes 34 seconds East, a distance of 55.80 feet to a point for comer, THENCE Southeasterly 38.63 feet along a non -tangent curve to the left, having a central angle of 04 degrees 51 minutes 53 seconds, a radius of 455.00 feet, a tangent of 19.33 feet and whose cord bears South 23 degrees 58 minutes 10 seconds East, a cord distance of 38.62 feet to a point for comer, THENCE South 26 degrees 24 minutes 07 seconds East, a distance of 56.52 feet to a point for comer, THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 52 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 62 of 112 THENCE South 68 degrees 02 minutes 34 seconds East, a distance of 44.84 feet to a point for comer; THENCE Northeasterly 361.48 feet along a non -tangent curve to the right, having a central angle of 16 degrees 26 minutes 14 seconds, a radius of 1,260.00 feet, a tangent of 181.99 feet and whose cord bears North 79 degrees 13 minutes 01 seconds East, a cord distance of 360.24 feet to a point for comer; THENCE South 00 degrees 44 minutes 46 seconds East, a distance of 120.07 feet to a point for comer, THENCE Southwesterly 497.56 feet along a non -tangent curve to the left, having a central angle of 25 degrees 00 minutes 25 seconds, a radius of 1,140.00 feet, a tangent of 252.80 feet and whose cord bears South 74 degrees 44 minutes 27 seconds West, a cord distance of 493.62 feet to a point for comer, THENCE South 62 degrees '14 minutes 14 seconds West, a distance of 202.70 feet to a point for comer: THENCE South 27 degrees 45 minutes 46 seconds East, a distance of 15.00 feet to a point for comer; THENCE South 49 degrees '18 minutes 42 seconds East, a distance of 194.61 feet to a point for corner. THENCE South 00 degrees 31 minutes 12 seconds East, a distance of 305.98 feet to a point for comer. THENCE North 89 degrees 28 minutes 48 seconds East, a distance of 501.05 feet to a point for comer. THENCE South 01 degrees 14 minutes 22 seconds West, a distance of 327.87 feet to a point for comer, THENCE Southeasterly 60.96 feet along a curve to the left, having a central angle of 02 degrees 46 minutes 20 seconds, a radius of 1,260.00 feet, a tangent of 30.49 feet and whose cord bears South 00 degrees 08 minutes 48 seconds East, a cord distance of 60.96 feet to the POINT OF BEGINNING and containing 8,625,128 square feet or 198.006 acres. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 53 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 63 of 112 EXHIBIT 1-2 — IMPROVEMENT AREA #1 LEGAL DESCRIPTION Exhibit Q-1 — PID Improvement Area 1 Legal Description WHEREAS, LHJH PROPERTIES, LTD., is the owner of a tract of land situated in the Town of Anna, Collin County, Texas, a part of Eli Witt Survey, Abstract No. 997, being part of a called 159.819 acre tract of land described in a Special Warranty Deed to LHJH Properties, Ltd., recorded in Instrument No. 20061003001424600, Official Public Records, Collin County, Texas (O.P_R_C.C.T) and being more particularly described as follows: BEGINNING at a five -eighths inch iron rod With yellow plastic cap that is illegible found at the southeast comer of said 159.819 acre tract of land and the northeast comer of a called 226.62 acre tract of land described in a Warranty Deed to QJR Partnership, Ltd. recorded in Volume 5106, Page 2380, O.P.R.C.C.T and said iron rod being in the west line of a called 50.00 acre tract of land described in a Special Warranty Deed to Kayasa Holdings, LLC, recorded in Instrument No. 201908007000946750, (O_P.R.C.C.T); THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 659.19 feet along the south line of said 159.819 acre tract of land and along the north line of said 226.62 acre tract of land to a one-half inch iron rod with yellow plastic cap stamped "BOHLER ENG" (hereinafter called `iron rod set") set for corner; THENCE over and across said 159.819 acre tract of land, the following courses and distances: North 00 degrees 31 minutes 12 seconds West, a distance of 694.65 feet to a capped iron rod set for comer, North 49 degrees 18 minutes 42 seconds West, a distance of 194.61 feet to a capped iron rod set for comer, North 27 degrees 45 minutes 46 seconds West, a distance of 15.00 feet to a capped iron rod set for comer, South 62 degrees 14 minutes 14 seconds West, a distance of 357.72 feet to a capped iron rod set at the beginning of a tangent curve to the right, In a southwesterly direction, a distance of 597.97 feet, having a central angle of 27 degrees 11 minutes 29 seconds, a radius of 1,260.00 feet, a tangent length of 304.73 feet and whose chord bears South 75 degrees 49 minutes 59 seconds West a distance of 592.38 feet to a capped iron rod set for corner; South 89 degrees 25 minutes 44 seconds West, a distance of 287.14 feet to a capped iron rod set; South 44 degrees 25 minutes 44 seconds West a distance of 42.43 feet to a capped iron rod set; THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN S4 2023 - 2023000070650 06/26/2023 08.09 AM Page 64 of 112 South 89 degrees 25 minutes 44 seconds West, a distance of 90.00 feet to a capped iron rod set North 45 degrees 34 minutes 16 seconds West a distance of 42.43 feet to a capped iron rod set and South 89 degrees 25 minutes 44 seconds West a distance of 42.00 feet at the beginning of a curve to the left; In a southwesterly direction, a distance of 442.68 feet, having a central angle of 32 degrees 06 minutes 22 seconds, a radius of 790.00 feet, a tangent length of 227.32 feet and whose chord bears South 73 degrees 22 minutes 33 seconds West a distance of 436.91 to a capped iron rod set at the beginning Of a curve to the right; In a southwesterly direction, a distance of 408.87 feet, having a central angle of 25 degrees 44 minutes 36 seconds, a radius of 910 feet, a tangent length of 207.94 feet and whose chord bears South 70 degrees 11 minutes 40 seconds a distance of 405.44 feet to a capped iron rod set; said capped iron rod being in the west line of said 159.819 acre tract of land and the east line of a called 555.801 acre tract of land, described as Tract B in a Special Warranty Deed to Risland Mantua, LLC, recorded in Instrument No. 20180625000783630, O.P.R.C.C.T., from which a one-half inch iron rod found at the most southerly southeast comer of a said 555.801 acre tract of land and the northeast comer of a called 17.863 acre tract of land described in a Special Warranty Deed to Anna 18, LLC, recorded in Instrument No. 20161020001423440, O.P.R.C.C.T. bears South 00 degrees 33 minutes 39 seconds East a distance of 243.59 feet; THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 120.86 feet along the west line of said 159.819 acre tract of land and the east line of 555.801 acre tract of land to a capped iron rod set at the beginning of a non -tangent curve to the left; THENCE over and across said 159.819 acre tract of land, the following courses and distances: In a northeasterly direction, a distance of 341.53 feet, having a central angle of 24 degrees 46 minutes 13 seconds, a radius of 790.00 feet, a tangent length of 173.48 feet and whose chord bears North 69 degrees 42 minutes 28 seconds East a distance of 338.88 feet to a capped iron rod set for the beginning of a curve to the left. - In a northeasterly direction, a distance of 236.99 feet, having a central angle of 14 degrees 55 minutes '17 seconds, a radius of 910.00 feet, a tangent length of 119.17 feet and whose chord bears North 64 degrees 47 minutes 01 seconds East a distance of 236 32 feet to a capped iron rod; THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 55 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 65 of 112 North 00 degrees 33 minutes 39 seconds East, a distance of 652.43 feet to a capped iron rod set for comer, North 89 degrees 26 minutes 21 seconds East a distance of 144.81 feet to a capped iron rod set for comer: North 02 degrees 33 minutes 19 seconds East a distance of 508.75 feet to a capped iron rod set for comer: North 00 degrees 33 minutes 39 seconds West a distance of 59.43 feet to a capped iron rod set for comer, North 89 degrees 25 minutes 47 seconds East, a distance of 556.69 feet to a capped iron rod set for comer: North 62 degrees 13 minutes 50 seconds East, a distance of 937.37 feet to a capped iron rod set for comer; North 77 degrees 11 minutes 7 seconds East, a distance of 91.82 feet to a capped iron rod set for comer, North 89 degrees 28 minutes 48 seconds East, a distance of 161.53 feet to a capped iron rod set for comer, South 00 degrees 31 minutes 12 seconds East, a distance of 899.34 feet to a capped iron rod set for comer and beginning of a non -tangent curve to the left; In a southerly direction, a distance of 121.05, having a central angle of 16 degrees 6 minutes 40 seconds, a radius of 430.50 feet, a tangent length of 60.93 feet, and whose chord bears South 89 degrees 45 minutes 40 seconds East a distance of 121.05 feet; South 39 degrees 17 minutes 34 seconds East, a distance of 55.75 feet to a capped iron rod set for comer beginning of a non -tangent curve to the left, - In a southeasterly direction, a distance of 38.49 feet, having a central angle of 4 degrees 50 minutes 49 seconds, a radius of 455.00 feet, a tangent length of 19.26 feet, and whose chord bears North 68 degrees 26 minutes 43 seconds East a distance of 38.48 feet to a capped iron rod set; South 26 degrees 24 minutes 7 seconds East, a distance Of 56.71 feet to a capped iron rod set for comer; Soil") G8 cleglees 2 rflinules 34 somruis Fast, ca c;islimue cif 44.114 feel to a capped iron rod set for comer, THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 56 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 66 of 112 South 19 degrees 0 minutes 5 seconds East, a distance of 120.00 feet to a capped iron rod set for comer, In a southeasterly direction, a distance of 174.31 feet, having a central angle of 08 degrees 45 minutes 39 seconds, a radius of 1140.00 feet, a tangent length of 87.33 feet, and whose chord bears South 66 degrees 37 minutes 04 seconds West a distance of 174.14 feet to a capped iron rod set for comer, South 62 degrees 14 minutes '14 seconds West, a distance of 202.70 feet to the POINT OF BEGINNING, containing 2,502,260.24 square feet or 57.4440 acres, more or less. THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 57 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 67 of 112 APPENDIX A — ENGINEER'S REPORT [Remainder of page left intentionally blank.] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SB SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 0612612O23 08.09 AM Page 68 of 112 BOHLERI DATED: MARCH 6, 2023 RE; ENGINEER'S REPORT THE WOODS AT LINDSEY PLACE ANNA, TEXAS 2600 Network Blvd Frisco, TX 75034 469.458.7300 INTRODUCTION The Woods at Lindsey Place is a proposed single-family development including approximately 198 AC and is anticipated to include approximately 951 single family homes located approx. 3,000 ft (" 0.57 miles) east of U.S. 75 and approximately 1200 ft west of County Road 369, Anna, Texas (City) as depicted in Exhibit A. This Engineer's report includes the documents requested by the City for the formation of the Public Improvement District (PID) and the issuance of bonds. Bonds are anticipated to be used to finance public infrastructure projects vital for the development within the PID. DEVELOPMENT COSTS An engineer's Opinion of Probable Cost (OPC) has been prepared for all off -site and on -site infrastructure and is included as Exhibit B. DEVELOPMENT IMPROVEMENTS Development Improvements have been separated into On -site Developer Improvements, Public Major Improvements, and Area 1 improvements. The Public Major Improvements will be included in the PID. These improvements include all related earthwork, excavation, erosion control, and utilities. Roodwoy Improvements include subgrade stabilization, concrete and reinforcing steel for roadways, testing, and handicapped ramps, related earthwork, excavation, erosion control, intersections, and re -vegetation of all disturbed areas within the right-of-way. The street improvements will provide benefit to future developments, including The Woods at Lindsey Place. • watersystems Improvements include trench excavation and embedment, trench safety, PVC piping, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide water service to future developments, including The Woods at Lindsey Place. TEXAS BOARD OFPROFESSIONAL ENGINEERS NO. 18065 • TEXAS BOARD OF PROFESSIONAL LAND SURVEYING NO. 10194413 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 59 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 69 of 112 BOHLER// • SanitorySewer Page 2 of 2 Improvements include trench excavation and embedment, trench safety, PVC piping, manholes, concrete encasement, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide sanitary sewer service to future developments, including The Woods at Lindsey Place. • Storm Sewer improvements include earthen channels, swales, RCP piping and boxes, manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to future developments, testing, related earthwork, erosion control, and all necessary appurtenances required to provide storm drainage to future developments, including The Woods at Lindsey Place. The Improvement Area 1 Improvements will be included in the PID. These include all related earthwork, excavation, erosion control, and utilities Improvements noted in the Public Major Improvements and will provide benefit to each Lot within Improvement Area 1. On -site Developer Improvements for the project are depicted in Exhibit Cthrough Exhibit G, Public Major Improvements are depicted in Exhibit H through Exhibit L, and Improvement Area 1 Improvements are depicted in Exhibit C-1 though Exhibit G-1 and Exhibit M-1 through Exhibit N-1 and Exhibit P-1 though Exhibit Q-1. DEVELOPMENT SCHEDULE Design Stage The Overall Preliminary Plat for the entire development has been approved by the City of Anna. The flood study has been approved by the City of Anna. The On -site and Off -site civil construction plans for Phase #1 Improvements and Off -site Public Improvements have been approved by the City of Anna. Construction Stage Phase 1 of The Woods at Lindsey Place and the Off -site Public Improvements began in Fall 2021 with final acceptance from the City anticipated fall of 2022. A project schedule for the home build out Is depicted in Exhibit O. Dean Cardwell, P.E. DEAN 0.CARDWELL p. 115432 j• V`J • CIVILAND CONSULTING ENGINEERS • PROJECTMANAGERS • SURVEYORS W W W.R OHLERENGI N EERI NG. COM THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 60 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 70 of 112 r..... .._........... F FL til i JJ/pQCM1117VlGWPNlY7' S r I } ' BOHLER# EXHIBIT A. SITE PLAN w THE WOODS AT LINDSEY PLACE ' ANNA TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 61 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 71 of 112 IBOHLER// kX 111IM21MOMIFIMEER FMBMM EMzz3F§4v7vNpnv INFATRI lffrvT gloom F��ummm 131113M gogionge gsongon 7=3=11111111 A11111111111111== [IFFEIM FIRM M112MM11MMr1ff= 1 —1,2111 'In 1; 73U.'" 1 & fjun 11 Lm I I THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 62 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 72 of 112 t =77 I- j LI I 1 I- iL I I I ''---- --- --' --J - - - ApGOGt7�P7LM'PKH'/ , BOHLER// EXHIBIT C: ON -SITE DEVELOPER ROADWAY IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA TEXAS it ;' ;I- � � �t- IY �_; r-� =`T� " �- • I _ ICI - -"= ----`-L-=--=------------- .... ....... — - BOHLER// EXHIBIT D. ON -SITE DEVELOPER SANITARY SEWER IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA, TEXAS 17 ---_ - - _- --� -- - - - - --��i THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 63 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06126/2023 08:09 AM Page 73 of 112 r � — r Tr-- 77.7 --i'1- BOHLERd EXHIBIT E: ON-S►TE DEVELOPER STORM SEWER IMPROVEMENTS �a., ,• , THE WOODS AT LINDSEY PLACE :.:tiw�'i'.`.:. • ANNA TEXAS 1 I y'•� ._.. _ fEINGfAfaWPNriI' I` — _ �II1`�_'_—��I'-.. ..—� — �. r,--r-.-t-•-r,r-rrrT J � u�� - r ` .,,�t` .,, I ---- -- --- -=-" _ BOHLER# EXHIBIT Fs ON -SITE DEVELOPER WATER IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 64 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 74 of 112 1 ' i- 7 •��t I- .-- ... - ... _. BOHLER/7 EXHIBIT G: ON -SITE DEVELOPER EROSION CONTROL THE WOODS AT LINDSEY PLACE ; owl ""•: ANNA, TEXAS • I It I _. I ' �-1 I IdYMYY � I I , l .. BOHLER9 EXHIBIT H. OFF -SITE PUBLIC ROADWAY IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 65 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/2612023 08:09 AM Page 75 of 112 7-' L-7 r —171, .. . . ........ .. ............... .......... BOHLERY EXHIBIT I: OFF -SITE PUBLIC SANITARY SEWER IMPROVEMENTS THE WOODS AT LINDSEY PLACE Z. ANNA. TEXAS Al FDUWIPgWPAW. .7 7 -77-7 V: _T - - - - - - - - - - - - rAWVCloV0N7WPl4ff BOHLER9 EXHIBIT J., OFF -SITE PUBLIC STORM SEWER IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA. TEXAS A THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 66 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 76 of 112 I I T _III_ 7. i - I I _. BOHLER// EXHIBIT K: OFF -SITE PUBLIC WATER IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA, TEXAS I I I I _ \\ �I _ . - ............. BOHLER// EXHIBIT L: OFF -SITE PUBLIC EROSION CONTROL THE WOODS AT LINDSEY PLACE ' '\ _• • ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 67 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 0612612023 08.09 AM Page 77 of 112 . . .......... rr i ..... tatj I -TT A . L "AW"J0TFWA*W BOHLER// EXHIBIT M.- LAND USE MAP THE WOODS AT LINDSEY PLACE ANNA. TEXAS -F--7 -77 I.T. -4- - 7 -2L . ...... ... BOHLER// EXHIBIT N., OPEN SPACE PLAN THE WOODS AT LINDSEY PLACE ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 68 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 78 of 112 Exhibit O- The Woods at Lindsey Place Schedule August 2022 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 69 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 79 of 112 Exhibit P - Overall P1D Boundary •� - ILI toe Ti -1 Li1;1'1--- 1 ��,� 1 If4—`` yy'`'�.,�^:`��``yet•``\�'\`ir'...�Y-`�"°.��R ---- _ 00 j-" THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 70 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 80 of 112 Exhibit Q — Overall PID Legal Description FIELD DESCRIPTION: BEING a tract of land situated in the Town of Anna, Collin County, Texas, a part of Eli Witt Survey, Abstract No. 997, being part of a called 275.00 acre tract of land described in a Special Warranty Deed to D.R. Horton — Texas, Ltd., recorded in Instrument No. 20210212000310470, Official Public Records, Collin County, Texas (O.P.R.C.C.T), and being more particularly described as follows: COMMENCING at a five -eighths inch iron rod with yellow plastic cap that is illegible found at the southeast corner of said 275.00 acre tract of land, said iron rod being at the northeast corner of a called 226.62 acre tract of land described in a Warranty Deed to QJR Partnership, Ltd. recorded In Volume 5106, Page 2380, O.P.R.C.C.T and said iron rod being in the west line of a called 50.00 acre tract of land described in a Special Warranty Deed with Vendor's Lien to MCI Preferred Income Fund II, LLC, recorded in Instrument No. 20210830001753370, (O.P.R.C.C.T); THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 168.60 feet along the south line of said 275.00 acre tract of land and along the north line of said 226.62 acre tract of land to the POINT OF BEGINNING of the herein described tract of land; THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 2,480.27 feet along the south line of said 275.00 acre tract of land) and along the north line of said 226.62 acre tract of land to a point for corner, from which a one-half inch iron rod with yellow plastic cap stamped "BOHLER ENG" set (hereinafter called "iron rod set") at the southwest corner of said 275.00 acre tract of land bears South 89 degrees 28 minutes 48 seconds West, a distance of 335.99 feet THENCE North 00 degrees 34 minutes 00 seconds West, a distance of 385.03 feet to a point for corner; THENCE North 29 degrees 27 minutes 03 seconds West, a distance of 120.00 feet to a point for corner; THENCE Northeasterly 44.49 feet along a non -tangent curve to the left, having a central angle of 03 degrees 13 minutes 35 seconds, a radius of 790.00 feet, a tangent of 22.25 feet and whose cord bears North 58 degrees 56 minutes 09 seconds East, a cord distance of 44.48 feet to a point for corner; THENCE Northeasterly 236.99 feet along a curve to the right, having a central angle of 14 degrees 55 minutes 17 seconds, a radius of 910.00 feet, a tangent of 119.17 feet and whose cord bears North 64 degrees 47 minutes 01 seconds East, a cord distance of 236.32 feet to a point for corner; EXHIBIT Q - PAGE 1 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 71 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 81 of 112 THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 652.43 feet to a point for corner; THENCE North 89 degrees 26 minutes 21 seconds East, a distance of 144.81 feet to a point for corner; THENCE North 02 degrees 33 minutes 19 seconds East, a distance of 504.55 feet to a point for corner; THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 1,369.34 feet to a point for corner; THENCE South 89 degrees 26 minutes 21 seconds West, a distance of 620.00 feet to a point for corner; THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 526.78 feet to a point for corner; THENCE Northeasterly 1,091.99 feet along a curve to the right, having a central angle of 32 degrees 41 minutes 20 seconds, a radius of 1,914.00 feet, a tangent of 561.30 feet and whose cord bears North 15 degrees 47 minutes 01 seconds East, a cord distance of 1,077.24 feet to a point for corner; THENCE North 32 degrees 39 minutes 37 seconds East, a distance of 90.00 feet to a point for corner; THENCE North 32 degrees 43 minutes 36 seconds East, a distance of 144.49 feet to a point in the north line of said 275.00 acre tract of land, said point being a the south line of a called 555.801 acre tract of land, described as Tract B in a Special Warranty Deed to Risland Mantua, LLC, recorded in Instrument No. 20180625000783630, (O.P.R.C.C.T); THENCE South 86 degrees 39 minutes 03 seconds East, a distance of 255.78 feet along the north line of said 275.00 acre tract of land and along a south line of said 555.801 acre tract of land to a one-half inch iron rod found for corner, from which a one- half inch iron rod found bears North 01 degrees 19 minutes 02 seconds West, a distance of 2.04 feet; THENCE South 89 degrees 10 minutes 24 seconds East, a distance of 1,018.92 feet along the north line of said 275.00 acre tract of land to a one-half inch iron rod set for corner, said iron rod being at the southwest corner of a called 83.36 acre tract of land described in a Quit Claim Deed to Alta McClain, recorded in Volume 626, Page 141, (D.R.C.C.T) which is now listed in the Collin County Appraisal District records as being owned by Laura Collins to which no transfer of title either direct or indirect can be found in Collin County Deed Records; EXHIBIT Q - PAGE 2 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 72 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 82 of 112 THENCE South 89 degrees 16 minutes 53 seconds East, a distance of 111.06 feet along a north line of said 275.00 acre tract of land and along the south line of said 83.36 acre tract of land to a one-half inch iron rod set at the northeast corner of said 275.00 acre tract of land, said iron rod being at the northwest corner of a called 95.444 acre tract of land described in a Special Warranty Deed with Vendor's Lien to MCI PREFERRED INCOME FUND II, LLC, recorded in Instrument No. 20210819001679920,(O.P.R.C.C.T); THENCE along the east line of said 275.00 acre tract of land and along the west line of said 95.444 acre tract of land as follows: South 01 degrees 16 minutes 44 seconds East, a distance of 1,185.56 feet to a one-half inch iron rod with yellow cap stamped "JBI" found for corner; South 00 degrees 47 minutes 08 seconds East, a distance of 1,100.00 feet to a one-half inch iron rod set at the most westerly southwest corner of said 95.444 acre tract of land; THENCE North 88 degrees 32 minutes 52 seconds East, a distance of 906.82 feet along the most easterly north line of said 275.00 acre tract of land and along the most westerly south line of said 95.444 acre tract of land to a point for corner; THENCE South 00 degrees 44 minutes 46 seconds East, a distance of 314.82 feet to a point for corner; THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 481.91 feet to a point for corner; THENCE South 00 degrees 31 minutes 12 seconds East, a distance of 889.34 feet to a point for comer; THENCE Southeasterly 120.981 feet along a curve to the left, having a central angle of 14 degrees 35 minutes 35 seconds, a radius of 475.00 feet, a tangent of 60.82 feet and whose cord bears South 07 degrees 49 minutes 00 seconds East, a cord distance of 120.66 feet to a point for comer; THENCE South 39 degrees 17 minutes 34 seconds East, a distance of 55.80 feet to a point for corner; THENCE Southeasterly 38.63 feet along a non -tangent curve to the left, having a central angle of 04 degrees 51 minutes 53 seconds, a radius of 455.00 feet, a tangent of 19.33 feet and whose cord bears South 23 degrees 58 minutes 10 seconds East, a cord distance of 38.62 feet to a point for corner; THENCE South 26 degrees 24 minutes 07 seconds East, a distance of 56.52 feet to a point for comer; EXHIBIT 0 - PAGE 3 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 73 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 83 of 112 THENCE South 68 degrees 02 minutes 34 seconds East, a distance of 44.84 feet to a point for corner; THENCE Northeasterly 361.48 feet along a non4angent curve to the right, having a central angle of 16 degrees 26 minutes 14 seconds, a radius of 1,260.00 feet, a tangent of 181.99 feet and whose cord bears North 79 degrees 13 minutes 01 seconds East, a cord distance of 360.24 feet to a point for corner; THENCE South 00 degrees 44 minutes 46 seconds East, a distance of 120.07 feet to a point for corner; THENCE Southwesterly 497.56 feet along a non -tangent curve to the left, having a central angle of 25 degrees 00 minutes 25 seconds, a radius of 1.140.00 feet, a tangent of 252.80 feet and whose cord bears South 74 degrees 44 minutes 27 seconds West, a cord distance of 493.62 feet to a point for corner; THENCE South 62 degrees 14 minutes 14 seconds West, a distance of 202.70 feet to a point for corner; THENCE South 27 degrees 45 minutes 46 seconds East, a distance of 15,00 feet to a point for corner; THENCE South 49 degrees 18 minutes 42 seconds East, a distance of 194.61 feet to a point for corner; THENCE South 00 degrees 31 minutes 12 seconds East, a distance of 305.98 feet to a point for comer; THENCE North 89 degrees 28 minutes 48 seconds East, a distance of 501.05 feet to a point for corner; THENCE South 01 degrees 14 minutes 22 seconds West, a distance of 327.87 feet to a point for corner; THENCE Southeasterly 60.96 feet along a curve to the left, having a central angle of 02 degrees 46 minutes 20 seconds, a radius of 1,260.00 feet, a tangent of 30.49 feet and whose cord bears South 00 degrees 08 minutes 48 seconds East, a cord distance of 60.96 feet to the POINT OF BEGINNING and containing 8,625,128 square feet or 198.006 acres. EXHIBIT Q - PAGE 4 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 74 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 84 of 112 IMPROVEMENT AREA 1 EXHIBITS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 75 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 85 of 112 I r t . -Li �x�vocxwavprA,orr - I ` - - B OH LER // EXHIBIT C-t: IMPROVEMENT AREA 9 _ ON -SITE DEVELOPER ROADWAY IMPROVEMENTS THE WOODS AT LINDSEY PLACE ANNA, TEXAS I , j 1 t \� <`� C{ \ E I— iou�r I � i uanarurruf .' .E\\+ wr.wnu:mu.. � .L i I— wwavrwin�.�ti ' I I .,� 7h4i17CA'NaP717WF1Y)r'Y I' BOHLER// EXHIBIT D-1: ON -SITE IMPROVEMENT AREA ! DEVELOPER SANITARY SEWER IMPROVEMENTSI THE WOODS AT LINDSEY PLACE _ ANNA. TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 76 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 86 of 112 I 5 . lyr . I • ' • ,tit, F_ ..r.�. I I II L! e. II -----------------'-__J _ .•t:i I i...; BOHLER// EXHIBIT E-1: ON -SITE IMPROVEMENT AREA 1 w DEVELOPER STORM SEWER IMPROVEMENTS THE WOODS AT LINDSEY PLACE - R• Mnlyw -:.'fir • : ANNA, TEXAS I - I11 IT 1 ILl� BOHLER// EXHIBIT F-1: ON -SITE IMPROVEMENT AREA 1 DEVELOPER WATER IMPROVEMENTS ; THE WOODS AT LINDSEY PLACE ANNA, TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 77 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/2612023 08:09 AM Page 87 of 112 -7� Li A 17 .......... — ----- - ------ rM7oCXV0Rr0WA0W BOHLERd EXHIBIT G-1.- IMPROVEMENT AREA 1 ON -SITE DEVELOPER EROSION CONTROL THE WOODS AT LINDSEY PLACE ANNA TEXAS T.0 rAoWgjtav7vw MW BOHLER# EXHIBIT M-1: IMPROVEMENT AREA 1 LAND USE MAP THE WOODS AT LINDSEY PLACE ANNA TEXAS THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 78 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 88 of 112 F A a at-7- y I _III_ _� i 71pppLXb11JtWPMYY BOHLERY EXHIBIT N-1: IMPROVEMENT AREA 1 OPEN SPACE PLAN THE WOODS AT LINDSEY PLACE ANNA TEXAS EXHIBIT P-1: IMPROVEMENT AREA 1 BOUNDARY EXHIBIT THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 79 2023 - 2023000070650 06/26/2023 08.09 AM Page 89 of 112 Exhibit 0-1 — PID Improvement Area 1 Legal Description WHEREAS, LHJH PROPERTIES, LTD., is the owner of a tract of land situated in the Town of Anna, Collin County, Texas, a part of Eli Witt Survey, Abstract No. 997, being part of a called 159.819 acre tract of land described in a Special Warranty Deed to LHJH Properties, Ltd., recorded in Instrument No. 20061003001424600, Official Public Records, Collin County, Texas (O.P.R.C.C.T) and being more particularly described as follows: BEGINNING at a five -eighths inch iron rod with yellow plastic cap that is illegible found at the southeast corner of said 159.819 acre tract of land and the northeast corner of a called 226.62 acre tract of land described in a Warranty Deed to QJR Partnership, Ltd. recorded in Volume 5106, Page 2380. O.P.R.C.C.T and said iron rod being in the west line of a called 50.00 acre tract of land described in a Special Warranty Deed to Kayasa Holdings, LLC, recorded in Instrument No. 201908007000946750, (O.P.R.C.C.T); THENCE South 89 degrees 28 minutes 48 seconds West, a distance of 659.19 feet along the south line of said 159.819 acre tract of land and along the north line of said 226.62 acre tract of land to a one-half inch iron rod with yellow plastic cap stamped "BOHLER ENG" (hereinafter called "iron rod set") set for corner; THENCE over and across said 159.819 acre tract of land, the following courses and distances: North 00 degrees 31 minutes 12 seconds West, a distance of 694.65 feet to a capped iron rod set for corner; North 49 degrees 18 minutes 42 seconds West, a distance of 194.61 feet to a capped iron rod set for corner; North 27 degrees 45 minutes 46 seconds West, a distance of 15.00 feet to a capped iron rod set for corner; South 62 degrees 14 minutes 14 seconds West, a distance of 357,72 feet to a capped iron rod set at the beginning of a tangent curve to the right: In a southwesterly direction, a distance of 597.97 feet, having a central angle of 27 degrees 11 minutes 29 seconds, a radius of 1,260.00 feet, a tangent length of 304.73 feet and whose chord bears South 75 degrees 49 minutes 59 seconds West a distance of 592.38 feet to a capped iron rod set for corner; South 89 degrees 25 minutes 44 seconds West, a distance of 287.14 feet to a capped iron rod set: South 44 degrees 25 minutes 44 seconds West a distance of 42.43 feet to a capped iron rod set: EXHIBIT Q-1 - PAGE 1 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 80 SERVICE AND ASSESSMENT PLAN 2023 - 2023MM70650 06/26/2023 08:09 AM Page 90 of 112 South 89 degrees 25 minutes 44 seconds West, a distance of 90.00 feet to a capped iron rod set North 45 degrees 34 minutes 16 seconds West a distance of 42.43 feet to a capped iron rod set and South 89 degrees 25 minutes 44 seconds West a distance of 42.00 feet at the beginning of a curve to the left; In a southwesterly direction, a distance of 442.68 feet, having a central angle of 32 degrees 06 minutes 22 seconds, a radius of 790.00 feet, a tangent length of 227.32 feet and whose chord bears South 73 degrees 22 minutes 33 seconds West a distance of 436.91 to a capped iron rod set at the beginning of a curve to the right; In a southwesterly direction, a distance of 408.87 feet, having a central angle of 25 degrees 44 minutes 36 seconds, a radius of 910 feet, a tangent length of 207.94 feet and whose chord bears South 70 degrees 11 minutes 40 seconds a distance of 405.44 feet to a capped iron rod set; said capped iron rod being in the west line of said 159.819 acre tract of land and the east line of a called 555.801 acre tract of land, described as Tract B in a Special Warranty Deed to Risland Mantua, LLC, recorded in Instrument No. 20180625000783630, O.P.R.C.C.T., from which a one-half inch iron rod found at the most southerly southeast corner of a said 555.801 acre tract of land and the northeast corner of a called 17.863 acre tract of land described in a Special Warranty Deed to Anna 18, LLC, recorded in Instrument No. 20161020001423440, O.P.R.C.C.T. bears South 00 degrees 33 minutes 39 seconds East a distance of 243.59 feet; THENCE North 00 degrees 33 minutes 39 seconds West, a distance of 120.86 feet along the west line of said 159.819 acre tract of land and the east line of 555.801 acre tract of land to a capped iron rod set at the beginning of a non -tangent curve to the left; THENCE over and across said 159,819 acre tract of land, the following courses and distances: In a northeasterly direction, a distance of 341.53 feet, having a central angle of 24 degrees 46 minutes 13 seconds, a radius of 790.00 feet, a tangent length of 173.48 feet and whose chord bears North 69 degrees 42 minutes 28 seconds East a distance of 338.88 feet to a capped iron rod set for the beginning of a curve to the left; In a northeasterly direction, a distance of 236.99 feet, having a central angle of 14 degrees 55 minutes 17 seconds, a radius of 910.00 feet, a tangent length of 119.17 feet and whose chord bears North 64 degrees 47 minutes 01 seconds East a distance of 236.32 feet to a capped iron rod; EXHIBIT Q-1 - PAGE 2 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN $1 2023 - 2023000070650 06/26/2023 08.09 AM Page 91 of 112 North 00 degrees 33 minutes 39 seconds East, a distance of 652.43 feet to a capped iron rod set for comer; North 89 degrees 26 minutes 21 seconds East a distance of 144.81 feet to a capped iron rod set for corner; North 02 degrees 33 minutes 19 seconds East a distance of 508.75 feet to a capped iron rod set for comer; North 00 degrees 33 minutes 39 seconds West a distance of 59.43 feet to a capped iron rod set for comer; North 89 degrees 25 minutes 47 seconds East, a distance of 556.69 feet to a capped iron rod set for corner; North 62 degrees 13 minutes 50 seconds East, a distance of 937.37 feet to a capped iron rod set for corner; North 77 degrees 11 minutes 7 seconds East, a distance of 91.82 feet to a capped iron rod set for comer; North 89 degrees 28 minutes 48 seconds East, a distance of 161.53 feet to a capped iron rod set for corner; South 00 degrees 31 minutes 12 seconds East, a distance of 899.34 feet to a capped iron rod set for corner and beginning of a non -tangent curve to the left; In a southerly direction, a distance of 121.05, having a central angle of 16 degrees 6 minutes 40 seconds, a radius of 430.50 feet, a tangent length of 60.93 feet, and whose chord bears South 89 degrees 45 minutes 40 seconds East a distance of 121.05 feet; South 39 degrees 17 minutes 34 seconds East, a distance of 55.75 feet to a capped iron rod set for corner beginning of a non -tangent curve to the left; In a southeasterly direction, a distance of 38.49 feet, having a central angle of 4 degrees 50 minutes 49 seconds, a radius of 455.00 feet, a tangent length of 19.26 feet, and whose chord bears North 68 degrees 26 minutes 43 seconds East a distance of 38.48 feet to a capped iron rod set; South 26 degrees 24 minutes 7 seconds East, a distance of 56.71 feet to a capped iron rod set for corner; South 68 degrees 2 minutes 34 seconds East, a distance of 44.84 feet to a capped iron rod set for corner; EXHIBIT CIA - PAGE 3 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 82 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 92 of 112 South 19 degrees 0 minutes 5 seconds East, a distance of 120.00 feet to a capped iron rod set for comer; In a southeasterly direction, a distance of 174.31 feet, having a central angle of 08 degrees 45 minutes 39 seconds, a radius of 1140.00 feet, a tangent length of 87.33 feet, and whose chord bears South 66 degrees 37 minutes 04 seconds West a distance of 174.14 feet to a capped iron rod set for corner; South 62 degrees 14 minutes 14 seconds West, a distance of 202.70 feet to the POINT OF BEGINNING, containing 2,502,260.24 square feet or 57.4440 acres, more or less. EXHIBIT Q-1 - PAGE 4 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 83 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08:09 AM Page 93 of 112 APPENDIX B — BUYER DISCLOSURES Forms of the buyer disclosures for the following Lot Types are found in this Appendix: ■ Improvement Area #1 o Improvement Area #1 Initial Parcel o Lot Type 1 o Lot Type 2 [Remainder of page left intentionally blank.] THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 84 SERVICE AND ASSESSMENT PLAN 2023 - 2023000070650 06/26/2023 08.09 AM Page 94 of 112 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE — IMPROVEMENT AREA #1 INITIAL PARCEL 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. 2023 - 2023MM70650 06/26/2023 08:09 AM Page 95 of 112 AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS IMPROVEMENT AREA #1 INITIAL PARCEL PRINCIPAL ASSESSMENT: $7,419,000.00 As the purchaser of the real property described above, you are obligated to pay assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Anna. The exact amount of each annual installment will be approved each year by the Anna City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' 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. 2023 - 2023000070650 06/26/2023 08.09 AM Page 96 of 112 [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: 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: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]Z 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06126/2023 08:09 AM Page 97 of 112 [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 COLLIN § 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. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08.09 AM Page 98 of 112 [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 . Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08.09 AM Page 99 of 112 ANNUAL INSTALLMENTS — IMPROVEMENT AREA #1 INITIAL PARCEL 2024 $ 3,000.00 $ 572,004.90 $ 40,000.00 $ 615,004.90 2025 $ 3,000.00 $ 571,773.60 $ 40,800.00 $ 615,573.60 2026 $ 2,000.00 $ 571,542.30 $ 41,616.00 $ 615,158.30 2027 $ 1,000.00 $ 571,388.10 $ 42,448.32 $ 614,836.42 2028 $ - $ 571,311.00 $ 43,297.29 $ 614,608.29 2029 $ 151,000.00 $ 420,147.00 $ 44,163.24 $ 615,310.24 2030 $ 159,000.00 $ 411,585.30 $ 45,046.50 $ 615,631.80 2031 $ 167,000.00 $ 402,570.00 $ 45,947.43 $ 615,517.43 2032 $ 175,000.00 $ 393,101.10 $ 46,866.38 $ 614,967.48 2033 $ 184,000.00 $ 383,178.60 $ 47,803.71 $ 614,982.31 2034 $ 194,000.00 $ 372,745.80 $ 48,759.78 $ 615,505.58 2035 $ 204,000.00 $ 361,746.00 $ 49,734.98 $ 615,480.98 2036 $ 214,000.00 $ 350,179.20 $ 50,729.68 $ 614,908.88 2037 $ 225,000.00 $ 338,045.40 $ 51,744.27 $ 614,789.67 2038 $ 237,000.00 $ 325,287.90 $ 52,779.16 $ 615,067.06 2039 $ 249,000.00 $ 311,850.00 $ 53,834.74 $ 614,684.74 2040 $ 262,000.00 $ 297,731.70 $ 54,911.43 $ 614,643.13 2041 $ 276,000.00 $ 282,876.30 $ 56,009.66 $ 614,885.96 2042 $ 291,000.00 $ 267,227.10 $ 57,129.85 $ 615,356.95 2043 $ 306,000.00 $ 250,727.40 $ 58,272.45 $ 614,999.85 2044 $ 322,000.00 $ 233,377.20 $ 59,437.90 $ 614,815.10 2045 $ 339,000.00 $ 215,119.80 $ 60,626.66 $ 614,746.46 2046 $ 357,000.00 $ 195,898.50 $ 61,839.19 $ 614,737.69 2047 $ 376,000.00 $ 175,656.60 $ 63,075.97 $ 614,732.57 2048 $ 396,000.00 $ 154,337.40 $ 64,337.49 $ 614,674.89 2049 $ 418,000.00 $ 131,884.20 $ 65,624.24 $ 615,508.44 2050 $ 440,000.00 $ 108,183.60 $ 66,936.72 $ 615,120.32 2051 $ 464,000.00 $ 83,235.60 $ 68,275.45 $ 615,511.05 2052 $ 489,000.00 $ 56,926.80 $ 69,640.96 $ 615,567.76 2053 $ 515,000.00 $ 29,200.50 $ 71,033.78 $ 615,234.28 Total $ 7,419,000.00 $ 9,410,838.90 $ 1,622,723.23 $ 18,452,562.13 Footnotes: 1) The interest rate is calculated at 7.71% for years 1-5, and 5.67% for the remaining term, as described in the improvement Area #1 Reimbursement Agreement. 2) The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08=09 AM Page 100 of 112 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT AREA #1 LOT TYPE 1 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 nionths 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 inortgagce 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. 2023 - 2023WW70650 06/26/2023 08:09 AM Page 101 of 112 AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS LOT TYPE 1 PRINCIPAL ASSESSMENT: $33,838.08 As the purchaser of the real property described above, you are obligated to pay assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the 'District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Anna. The exact amount of each annual installment will be approved each year by the Anna City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 2023 - 2023WW706W 06/2612023 08:09 AM Page 102 of 112 [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER [7: MIS 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: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08:09 AM Page 103 of 112 [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 COLLIN § 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. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08=09 AM Page 104 of 112 [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08:09 AM Page 105 of 112 ANNUAL INSTALLMENTS - LOT TYPE 1 2024 $ 13.68 $ 2,608.92 $ 182.44 $ 2,805.04 2025 $ 13.68 $ 2,607.86 $ 186.09 $ 2,807.63 2026 $ 9.12 $ 2,606.81 $ 189.81 $ 2,805.74 2027 $ 4.56 $ 2,606.10 $ 193.61 $ 2,804.27 2028 $ - $ 2,605.75 $ 197.48 $ 2,803.23 2029 $ 688.71 $ 1,916.29 $ 201.43 $ 2,806.43 2030 $ 725.20 $ 1,877.24 $ 205.46 $ 2,807.90 2031 $ 761.69 $ 1,836.12 $ 209.57 $ 2,807.38 2032 $ 798.18 $ 1,792.94 $ 213.76 $ 2,804.87 2033 $ 839.22 $ 1,747.68 $ 218.03 $ 2,804.94 2034 $ 884.83 $ 1,700.09 $ 222.39 $ 2,807.32 2035 $ 930.44 $ 1,649.92 $ 226.84 $ 2,807.21 2036 $ 976.05 $ 1,597.17 $ 231.38 $ 2,804.60 2037 $ 1,026.23 $ 1,541.83 $ 236.01 $ 2,804.06 2038 $ 1,080.96 $ 1,483.64 $ 240.73 $ 2,805.32 2039 $ 1,135.69 $ 1,422.35 $ 245.54 $ 2,803.58 2040 $ 1,194.98 $ 1,357.96 $ 250.45 $ 2,803.39 2041 $ 1,258.84 $ 1,290.20 $ 255.46 $ 2,804.50 2042 $ 1,327.25 $ 1,218.82 $ 260.57 $ 2,806.65 2043 $ 1,395.67 $ 1,143.57 $ 265.78 $ 2,805.02 2044 $ 1,468.64 $ 1,064.43 $ 271.10 $ 2,804,17 2045 $ 1,546.18 $ 981.16 $ 276.52 $ 2,803.86 2046 $ 1,628.28 $ 893.49 $ 282.05 $ 2,803.82 2047 $ 1,714.94 $ 801.17 $ 287.69 $ 2,803.80 2048 $ 1,806.16 $ 703.93 $ 293.44 $ 2,803.53 2049 $ 1,906.50 $ 601.52 $ 299.31 $ 2,807.34 2050 $ 2,006.84 $ 493.43 $ 305.30 $ 2,805.57 2051 $ 2,116.31 $ 379.64 $ 311.40 $ 2,807.35 2052 $ 2,230.33 $ 259.64 $ 317.63 $ 2,807.61 2053 $ 2,348.92 $ 133.18 $ 323.99 $ 2,806.09 Total $ 33,838.08 $ 42,922.87 $ 7,401.25 $ 84,162.20 Footnotes: 1) The interest rate is calculated at 7.71% for years 1-5, and 5.67% for the remaining term, as described in the Improvement Area #1 Reimbursement Agreement. 2) The figures shown above are estimates only and subject to change in Annual 5ervice Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment 2023 - 2023WW706W 06/2612023 08:09 AM Page 106 of 112 THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT AREA #1 LOT TYPE 2 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. 2023 - 2023WW706W 06/2612023 08:09 AM Page 107 of 112 AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS EMPROVEMENT AREA #1 LOT TYPE 2: $35,248.00 As the purchaser of the real property described above, you are obligated to pay assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within The Woods at Lindsey Place Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Anna. The exact amount of each annual instalhnent will be approved each year by the Anna City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment. 2023 - 2023000070650 06/26/2023 08=09 AM Page 108 of 112 [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: 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: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08:09 AM Page 109 of 112 [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 COLLIN § 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. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08:09 AM Page 110 of 112 [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment 2023 - 2023000070650 06/26/2023 08:09 AM Page 111 of 112 ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 2 2024 $ 14.25 $ 2,717.62 $ 190.04 $ 2,921.92 2025 $ 14.25 $ 2,716.52 $ 193.84 $ 2,924.62 2026 $ 9.50 $ 2,715.42 $ 197.72 $ 2,922.64 2027 $ 4.75 $ 2,714.69 $ 201.67 $ 2,921,12 2028 $ - $ 2,714.32 $ 205.71 $ 2,920.03 2029 $ 717.41 $ 1,996.14 $ 209.82 $ 2,923.37 2030 $ 755.42 $ 1,955.46 $ 214.02 $ 2,924.89 2031 $ 793.42 $ 1,912.63 $ 218.30 $ 2,924.35 2032 $ 831.43 $ 1,867.64 $ 222.66 $ 2,921.74 2033 $ 874.19 $ 1,820.50 $ 227.12 $ 2,921.81 2034 $ 921.70 $ 1,770.93 $ 231.66 $ 2,924.29 2035 $ 969.21 $ 1,718.67 $ 236.29 $ 2,924.18 2036 $ 1,016.72 $ 1,663.72 $ 241.02 $ 2,921.46 2037 $ 1,068.99 $ 1,606.07 $ 245.84 $ 2,920.89 2038 $ 1,126.00 $ 1,545.46 $ 250.76 $ 2,922.21 2039 $ 1,183.01 $ 1,481.61 $ 255.77 $ 2,920.40 2040 $ 1,244.77 $ 1,414.54 $ 260.89 $ 2,920.20 2041 $ 1,311.29 $ 1,343.96 $ 266.10 $ 2,921.35 2042 $ 1,382.55 $ 1,269.61 $ 271.43 $ 2,923,59 2043 $ 1,453.82 $ 1,191.22 $ 276.86 $ 2,921.89 2044 $ 1,529.84 $ 1,108.79 $ 282.39 $ 2,921.01 2045 $ 1,610.60 $ 1,022.04 $ 288.04 $ 2,920.69 2046 $ 1,696.12 $ 930.72 $ 293.80 $ 2,920.65 2047 $ 1,786.39 $ 834.55 $ 299.68 $ 2,920.62 2048 $ 1,881.41 $ 733.26 $ 305.67 $ 2,920.35 2049 $ 1,985.94 $ 626.59 $ 311.78 $ 2,924.31 2050 $ 2,090.46 $ 513.99 $ 318.02 $ 2,922.46 2051 $ 2,204.48 $ 395.46 $ 324.38 $ 2,924.32 2052 $ 2,323.26 $ 270.46 $ 330.87 $ 2,924.59 2053 $ 2,446.79 $ 138.73 $ 337.48 $ 2,923.01 Total $ 35,248.00 $ 44,711.32 $ 7,709.63 $ 87,668.96 Footnotes: 1) The interest rate is calculated at 7.71% for years 1-5, and 5.67% for the remaining term, as described in the Improvement Area #1 Reimbursement Agreement. 2) The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment 2023-2023000070650 0612612023 8:11 AM Page 112 of 112 Collin County Honorable Stacey Kemp Collin County Clerk Instrument Number: 2023000070650 eRecording - Real Property ORDINANCE Recorded On: June 26, 2023 08:09 AM Number of Pages: 112 " Examined and Charged as Follows: " Total Recording: $466.00 *********** THIS PAGE IS PART OF THE INSTRUMENT *********** Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY because of color or race is invalid and unenforceable under federal law. File Information: Record and Return To: Document Number: 2023000070650 CSC Receipt Number: 20230623000750 Recorded Date/Time: June 26, 2023 08:09 AM User: Matthew M Station: Station 10 STATE OF TEXAS COUNTY OF COIN I hereby certify that this Instrument was FILED In the File Number sequence on the date/time printed hereon, and was duly RECORDED in the Official Public Records of Collin County, Texas. Honorable Stacey Kemp Collin County Clerk Collin County, TX `"`'� State of Texas § Court Order Collin County § 2023-1093-11-06 Commissioners Court § An order of the Collin County Commissioners Court approving an agreement. The Collin County Commissioners Court hereby approves an Assessment Collection Services Agreement between the Collin County Tax Assessor -Collector and the City of Anna for The Woods at Lindsay Place Public Improvement District, as detailed in the attached documentation. A motion was made, seconded, and carried by a majority of the court members in attendance during a regular session on Monday, November 6, 2023. Chris Hill, County Judge Susan Fletcher, Commissioner, Pct 1 Not Present Cheryl Williams, Commissioner, Pct 2 Darrell Hale, Commissioner, Pct 3 . qL�4 uncan Webb, Commissioner, Pct 4 r r- A ST: Stacey Kemp, Coun Clerk ASSESSMENT COLLECTION SERVICES AGREEMENT THIS AGREEMENT is made and entered into this 1st day of August, 2023 by and between County of Collin (hereinafter called "County"), a political subdivision of the State of Texas, and The Woods at Lindsay Place Public Improvement District; (here- after called "Assessment Entity"), a duly organized and existing PID, under the laws of the State of Texas, each acting herein by and through its duly authorized officials. RECITALS 1. The parties to this Agreement wish to consolidate the collection of the PID assessment into one agency, the Collin County Tax Assessor Collector. 2. The parties enter in this Agreement in order to eliminate the duplication of the system for collection of the PID assessment and to promote efficiency. 3. Therefore, under the 'authority of sections 6.23 and 6.24, Texas Property Tax Code and the Interlocal Cooperation Act, Texas Government Code Chapter 791 the parties agree as follows: SECTION 1 DEFINITIONS 1.01 Assessment Collection Services. The term "Assessment Collection Services" shall include preparation and mailing of the PID Assessments, assessed by the Assessment Entity, correction of found clerical errors in assessments, collection of assessment liabilities, maintenance of a list of delinquent assessments, and issuance of refunds. Assessment Collection Services do not include appraisal of property. 1.02 Current Assessments. The term "Current Assessments" shall mean those assessments legally due and payable to the Assessment Entity without penalty and interest. 1.03 Delinquent Assessments. The term "Delinquent Assessments" shall mean the property assessments that have not been paid to the Assessment Entity on or before January 31 st of any given year and on which penalty and interest are now due. SECTION 2 TERM 2.01 Term. The term of this Agreement shall commence on August 01, 2023 and shall continue in full force and effect until September 30, 2024. Thereafter, this Agreement shall automatically renew annually for an additional one (1) Page 1 of 9 year term without the necessity of any action by the parties. 2.02 Termination. Either party may terminate this Agreement by giving ninety (90) Days written notice to the other party. SECTION 3. SERVICES 3.01 Services to be Performed. The County agrees to provide assessment collection services to the Assessment Entity. The Assessment Entity agrees that all collections, assessments, penalties, interest, and attorney fees are to be in accordance with the Texas State Property Tax Code, as amended. The county's delinquent tax attorney will represent the interests of the Assessment Entity. 3.02 Tax Bills. By August 3151 of each year the Assessment Entity shall provide the County with the Assessment Roll and a copy of the Resolution/Ordinance adopting the annual fixed rate assessment for that year. Failure to supply the Assessment Roll for any given year by said date, will result in a late processing fee of Five Thousand Dollars ($5,000.00) plus an additional per statement fee, equal to the costs of printing and mailing all statements. The County agrees to prepare consolidated tax and assessment bills for each taxpayer. The tax bill shall include taxes and assessments owed to all taxing units to which the taxpayer owes taxes and assessments, except those units which have not been contracted with the County for tax collection services. The County will mail such tax and assessment bills to the property located within the Assessment Entity by October 1 st of each year, or as soon thereafter as practicable. The Assessment Roll should be in the format as required by the Tax Assessor Collector. It shall be delivered to the Tax Assessor Collector and the Property Tax Collection Supervisor via e-mail. The annual Assessment Roll is to be accompanied by the Governing Body's Resolution/Ordinance for the assessment. SECTION 4 PAYMENTS 4.01 Rate of Payment. The Assessment Entity shall pay the County for Assessment Collection Services at a rate of Five Hundred Dollars ($500.00) per year, and Three Dollars ($3.00) per non-exempt Page 2 of 9 parcel per year for parcels on the Assessment Entity's tax roll during the term of this Agreement plus any late processing fees and other required services, as indicated in Section 3.02 and section 7, If there is a fee from the property tax software provider for setting up the entity and loading the file in the first year of the contract, the fee would be paid by the Assessment Entity. 4.02 Method of Payment. The County shall withhold from the assessment collected under this Agreement the amount of money necessary to pay for assessment collection services at the rate indicated in Section 4.01 from the December collections. The Assessment Entity shall not be entitled to receive any assessments collected for a tax year until the County has withheld the total amount of compensation under Section 4.01 for that year. 4.03 Proration of Payment. If this Agreement is terminated during the original term or any annual term prior to the time that the County has withheld sufficient funds pursuant to Section 4.02 to aggregate the amount of payment set forth in Section 4.01, the County's compensation for assessment collection services for the original term or a renewed term shall equal the amount set forth in Section 4.01, if the tax statement, including the assessment for the year, has been printed. SECTION 5 REMITTANCE OF COLLECTION The assessment collected by the County for the Assessment Entity shall be remitted to the Assessment Entity after the proper amount of payment, as set out in Section 4, and any taxpayer refunds have been withheld. Assessments collected shall be remitted to the Assessment Entity within seven (7) days from the date they are received by the County Tax Office. SECTION 6 ADMINISTRATIVE PROVISIONS 6.01 Records. The Assessment Entity, or its representatives designated in writing, upon reasonable notice is authorized to examine the records to be kept by the County in the performance of this Agreement at mutually convenient times and intervals. Such books and records will be kept in the offices of the Collin County Tax Assessor Collector. Page 3 of 9 6.02 Assessment Entity Records. The Assessment Entity agrees to transfer to the possession and control of the County, without charge, copies of all records necessary for the performance of the duties and responsibilities of the County pursuant to this Agreement. These records shall include all assessment records, including assessment rolls or records available to the Assessment Entity, as required by the County Tax Assessor Collector. 6.03 Surety Bond. If the Assessment Entity requires the County to obtain a surety bond for the Tax Assessor Collector, the Assessment Entity agrees to pay the premium for such bond. 6.04 Audits. The County, upon reasonable notice, agrees to allow an audit of the assessment records at a mutually convenient time. A copy of the audit results shall be furnished to the County. The Assessment Entity will pay the cost of the audit. 6.05 Deposits of Assessments. The County agrees to deposit assessments collected under this Agreement into such depository as is designated by the Assessment Entity in writing. 6.06 Assessment Entity Contacts: The name, phone number, and e-mail address of a person who can answer taxpayer's questions about the Assessing Entity and assessments will be provided to the Collin County Tax Assessor - Collector within ten (10) business days from the execution of this Agreement. The name, phone number and e-mail address of a person who can answer the Tax Assessor Collector, or their staff, questions relating to the fund transfers, and other operational topics will be provided to the Collin County Tax Assessor -Collector within ten (10) business days from the execution of this Agreement. SECTION 7 CORRECTED BILLING SERVICES In the event that the Assessment Entity's fixed rate assessment changes after the County begins collections for the Assessment Entity in any given year, the County will continue to act for the Assessment Entity in providing refunds to taxpayers or sending corrected billings. A change in the Assessment Entity's fixed rate assessment will result in Page 4 of 9 a late processing fee, that may be in addition to any applicable late processing fee pursuant to Section 3.02, of Five Thousand Dollars ($5,000.00), plus an additional per statement fee, equal to the costs of printing and mailing all statements. The Assessment Entity will provide to the County, a corrected Ordinance approving any changes to the fixed rate assessment or assessment roll. SECTION 8 REFUNDS Refunds to property owners authorized by the Assessment Entity will be made on the same check for all taxing units contracting for tax and assessment collection services. Circumstances on which refunds may be based include, but are not limited to; clerical errors, and overpayments. The amounts refunded by the County for the Assessment Entity shall be paid by the County from assessment collections on hand for the Assessment Entity after the County's compensation is withheld pursuant to Section 4 of this Agreement. If assessment collections for the Assessment Entity in the County's possession are insufficient to pay for a refund, the County shall notify the Assessment Entity of the deficiency, and the deficiency amount shall be paid by the Assessment Entity to the County within fourteen (14) days of notification of the amount due. The County shall not be obligated to pay a refund unless it has sufficient Assessment Entity assessment collections in its possession to pay the refund or the Assessment Entity has paid to the County sufficient funds to cover the deficiency. The Assessment Entity agrees that any payment(s) that it is required to make under this section shall be made out of the Assessment Entity's current revenues. SECTION 9 MISCELLANEOUS PROVISIONS 9.01 Liability. To the extent allowed by law, any civil liability relating to the furnishing of services under this Agreement shall be the responsibility of the Assessment Entity. The parties agree that the County shall be acting only as the agent for the Assessment Entity in performing the services contemplated by this Agreement. THE ASSESSMENT ENTITY SHALL HOLD THE COUNTY FREE AND HARMLESS FROM ANY OBLIGATION, COSTS, CLAIMS, JUDGMENTS, ATTORNEYS' FEES, AND Page 5 of 9 OTHER SUCH LIABILITIES ARISING FROM OR GROWING OUT OF THE SERVICES RENDERED TO THE ASSESSMENT ENTITY PURSUANT TO THE TERMS OF THIS AGREEMENT OR IN ANY WAY CONNECTED WITH THE RENDERING OF SAID SERVICES, EXCEPT WHEN THE SAME SHALL ARISE BECAUSE OF THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF THE COUNTY. 9.02 Controlling Law. This Agreement shall be deemed to be made under, governed by, and construed in accordance with, the laws of the State of Texas. Exclusive venue for any action taken relative to this Agreement shall be in Collin County. 9.03 Sovereign Immunity. It is expressly understood and agreed that, in the execution of this Agreement, neither the County nor Assessment Entity waives or shall be deemed hereby to waive any immunity or defense that would otherwise be available to it against claims arising in the exercise of governmental powers and functions. 9.04 Amendments. This Agreement shall not be amended or modified other than in a written Agreement signed by the parties. 9.05 Notices. (a) Except as otherwise provided in this Agreement all notices required or permitted herein shall be in writing and shall be deemed to be delivered when deposited in the United States mail, postage prepaid, registered or certified mail, return receipt requested, with proper postage prepaid or when delivered in person. (b) All communications provided for in this Agreement shall be addressed as follows: (ii) if to the County, to: County Administrator Bill Bilyeu Collin County 2300 Bloomdale Road, Suite 4192 McKinney, Texas 75071 Page 6 of 9 With a correspondence copy to the Tax Assessor Collector, 2300 Bloomdale Road, Suite, 2366, P.O. Box 8006, McKinney, Texas 75070- 8006. (ii) if to the Assessment Entity, to: Interim City Manager Ryan Henderson City of Anna 120 W 701 Street Anna, Texas 75409 or to such person at such other address as may from time to time be specified in a notice given as provided in this Section 9.05. 9.06 Parties Bound. This Agreement may not be assigned and shall be binding upon the parties, their heirs, executors, legal representatives, and successors. 9.07 Copies. This Agreement is executed in multiple copies, any one of which, or a true copy thereof, shall have the same evidentiary value. 9.08 Integration. It is understood and agreed that the entire Agreement of the parties is contained herein and that this Agreement supersedes all oral Agreements and negotiations between the parties relating to the subject matter hereof as well as any previous Agreements presently in effect between the parties relating to the subject matter hereof. 9.09 Severability. The provisions of this Agreement are severable. If any paragraph, section, subdivision, sentence, clause or phrase of the Agreement is for any reason held to be contrary to law or contrary to any rule or regulation having the force and effect of law, such decision shall not affect the remaining portions of the Agreement. However, upon the occurrence of such event, either party may terminate this Agreement forthwith, upon the delivery of written notice of termination to the other party. Page 7 of 9 9.10 Captions. The headings to the various sections of this Agreement have been inserted for convenient reference only and shall not modify, define, limit or expand the express provision of this Agreement. 9.11 Obligations of Condition. All obligations of each party under this Agreement are conditions to further performance of the other party's continued performance of its obligation under the Agreement. 9.12 Exclusive Right to Enforce This Agreement. The County and the Assessment Entity have the exclusive right to bring suit to enforce this Agreement, and no other party may bring suit, as a third -party beneficiary or otherwise, to enforce this Agreement. [REMAINDER OF PAGE LEFT BLANK INTENTIONALLY— SIGNATURES ON FOLLOWING PAGE] Page 8 of 9 EXECUTED at McKinney, Texas on the day and year first written above. COLLIN COUNTY, TEXAS Judge Chris Hill By Title: County Judge of Collin County Date: —7 N OV 2023 The Woods at Lindsay Place Public Improvement District Ryan Henderson By: Title: I erim City Manager, City of Anna Date: I V—(0- I COLLIN COUNTY, TEXAS Kenneth L. Maun, Tax Assessor Collector By:s Title: Tax Assessor ollector of Collin County 1� 1 J Date: I I Page 9 of 9