HomeMy WebLinkAboutOrd 1084-2023-10 Approving an Amended and Restated Service & Assessment Plan for AnaCapri PID RECORDEDExhibit A
Amended and Restated Service and Assessment Plan
[Remainder of page left intentionally blank.]
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
0
AUSTIN, TX | NORTH RICHLAND HILLS, TX | HOUSTON, TX
AnaCapri Public Improvement
District
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
OCTOBER 10, 2023
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
1
Table of Contents
Table of Contents........................................................................................................................1
Introduction................................................................................................................................3
Section I: Definitions...................................................................................................................5
Section II: The District ...............................................................................................................14
Section III: Authorized Improvements and Bond Issuance Costs................................................14
Section IV: Service Plan.............................................................................................................18
Section V: Assessment Plan.......................................................................................................18
Section VI: Terms of the Assessments.......................................................................................23
Section VII: Assessment Roll......................................................................................................29
Section VIII: Additional Provisions.............................................................................................30
Exhibits.....................................................................................................................................32
Appendices ...............................................................................................................................33
Exhibit A-1 – Map of the District................................................................................................34
Exhibit A-2 – Map of Improvement Area #1...............................................................................35
Exhibit A-3 – Maps of Improvement Area #1 Initial Parcel Remainder Property ........................36
Exhibit A-4 – Map of Improvement Area #2...............................................................................42
Exhibit A-5 – Map of Improvement Area #2A ............................................................................43
Exhibit A-6 – Map of Improvement Area #2 – Remainder Property ...........................................44
Exhibit A-7 – Phase 1A Plat........................................................................................................45
Exhibit B-1 – Authorized Improvements....................................................................................49
Exhibit B-2 – Appropriation of Costs..........................................................................................50
Exhibit C – Service Plan .............................................................................................................51
Exhibit D – Sources and Uses of Funds ......................................................................................52
Exhibit E – Maximum Assessment and Tax Rate Equivalent.......................................................53
Exhibit F – TIRZ No. 4 Maximum Annual Credit Amount............................................................54
Exhibit G-1 – Improvement Area #1 Assessment Roll ................................................................55
Exhibit G-2 – Improvement Area #1 Annual Installment............................................................57
Exhibit H-1 – Improvement Area #2A Assessment Roll..............................................................58
Exhibit H-2 – Improvement Area #2A Projected Annual Installments ........................................59
Exhibit I-1 – Maps of Improvement Area #1 Improvements.......................................................60
Exhibit I-2 – Maps of Improvement Area #2 Improvements.......................................................63
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 2
Exhibit I-3 – Maps of Improvement Area #2A Improvements ....................................................75
Exhibit J – Form of Notice of PID Assessment Termination........................................................79
Exhibit K – Debt Service Schedule for the Improvement Area #1 Bonds ....................................82
Exhibit L-1 – District Legal Description.......................................................................................84
Exhibit L-2 – Improvement Area #1 Legal Description................................................................95
Exhibit L-3 – Improvement Area #2 Legal Description.............................................................. 103
Exhibit L-4 – Improvement Area #2A Legal Description ........................................................... 110
Exhibit L-5 – Improvement Area #2 - Remainder Property Legal Description ........................... 114
Appendix A – Engineer’s Report .............................................................................................. 118
Appendix B – Buyer Disclosures...............................................................................................141
Anacapri Public Improvement District Buyer Disclosure Improvement Area #1 – Initial Parcel
Remainder Property ................................................................................................................ 142
Anacapri Public Improvement District Buyer Disclosure Lot Type 1......................................... 148
Anacapri Public Improvement District Buyer Disclosure Lot Type 2......................................... 154
Anacapri Public Improvement District Buyer Disclosure Improvement Area #2A – Initial Parcel
............................................................................................................................................... 160
Anacapri Public Improvement District Buyer Disclosure Lot Type 3......................................... 166
Anacapri Public Improvement District Buyer Disclosure Lot Type 4......................................... 172
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
3
Introduction
Capitalized terms used in this 2023 Amended and Restated Service and Assessment Plan shall
have the meanings given to them in Section I unless otherwise defined in this 2023 Amended and
Restated Service and Assessment Plan or unless the context in which a term is used clearly
requires a different meaning. Unless otherwise defined, a reference to a “Section,” an “Exhibit,”
or an “Appendix” shall be a reference to a Section of this 2023 Amended and Restated Service
and Assessment Plan or an Exhibit or Appendix attached to and made a part of this 2023
Amended and Restated Service and Assessment Plan for all purposes.
On April 12, 2022, the CityCouncil passedand approved ResolutionNo. 2022-04-1140authorizing
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
284.952acres located within the corporate limitsof theCity, asdescribedby the legal description
on Exhibit L-1 and depicted on Exhibit A-1.
On September 13, 2022, the City Council approved the Service and Assessment Plan for the
District by adopting Ordinance No. 1001-2022, which approved the levy of Assessments for
Assessed Property within the District and approved the Improvement Area #1 Assessment Roll
and Improvement Area #2A Assessment Roll.
On October 10, 2023, the City Council approved this 2023 Amended and Restated Service and
Assessment Plan for the District by adopting Ordinance No. _________, which serves to amend
and restate the Service and Assessment Plan, in its entirety for the purposes of (1) issuing the
Improvement Area #1 Bonds, and (2) updating the Improvement Area #1 Assessment Roll and
Improvement Area #2A Assessment Roll.
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
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 4
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 G-1. The Improvement Area #2A Assessment Roll is included as Exhibit H-1.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
5
Section I: Definitions
“2022 Assessment Ordinance” means Ordinance No. 1001-2022, adopted by the City Council on
September 13, 2022, in accordance with the PID Act, that levied the Improvement Area #1
Assessment on the Improvement Area #1 Assessed Property and the Improvement Area #2A
Assessment on the Improvement Area #2A Assessed Property.
“2023 Amended and Restated Service and Assessment Plan”means this AnaCapri Public
Improvement District Amended and Restated Service and Assessment Plan, which replaces in its
entirety the Service and Assessment Plan, as updated, amended, or supplemented from time to
time.
“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 2023 Amended and Restated 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
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 6
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
2023 Amended and Restated Service and Assessment Plan and the PID Act with respect to the
PID Bonds, including the City’s continuing disclosure requirements; and (9) the paying
agent/registrar and Trustee in connection with PID Bonds, including their respective legal
counsel. Annual Collection Costs collected but not expended in any year shall be carried forward
and applied to reduce Annual Collection Costs for subsequent years.
“Annual Installment” means the annual installment payment of an Assessment as calculated by
the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3)
Annual Collection Costs; and (4) Additional Interest, if applicable, the principal and interest
portions of which may be reduced by the TIRZ No. 4 Annual Credit Amount.
“Annual Service Plan Update” means an update to this 2023 Amended and Restated Service and
Assessment Plan prepared no less frequently than annually by the Administrator and approved
by the City Council.
“Appropriated Property” means any Parcel within the District against which the costs of the
Authorized Improvements are appropriated based on special conferred benefit anticipated to be
levied, but not yet levied. Initially, the Appropriated Property includes the Improvement Area #2
– Remainder Property.
“Appropriation” means an amount allocated by this 2023 Amended and Restated Service and
Assessment Plan to a Parcel within the District for future Authorized Improvement costs, other
than Non-Benefitted Property, subject to the levy 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-
Benefitted 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.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 7
“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 propertyby the Authorized Improvements, more specifically set forth
and described in Section V.
“Assessment Roll”means any assessment roll for the Assessed Property within the District,
including the Improvement Area #1 Assessment Roll,and the Improvement Area #2A Assessment
Roll, as updated, modified or amended from time to time in accordance with the procedures set
forth herein and in the PID Act, including updates prepared in connection with the issuance of
PID Bonds or any Annual Service Plan Update.
“Authorized Improvements” means (1) the improvements authorized by Section 372.003 of the
PID Act, as depicted on Exhibit I-1, Exhibit I-2 and Exhibit I-3 and described in Section III; (2) Bond
Issuance Costs, and (3) District Formation Costs.
“Bond Issuance Costs” means the costs associated with issuing PID Bonds, including but not
limited to attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs,
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 2023 Amended and Restated Service and Assessment Plan,
including penalties and reasonable attorney’s fees actually paid, but excluding amounts
representing interest and penalty interest.
“Developer” means AnaCapri Laguna Azure LLC, a Wyoming limited liability company, 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 the AnaCapri Development Agreement entered into by and
between the City and Developer, approved and adopted by Resolution No. 2022-03-1119 on
October 12, 2021.
“District” means the AnaCapri Public Improvement District containing approximately 284.952
acres located within the corporate limits of the City, and more specifically described in Exhibit L-
1 and depicted on Exhibit A-1.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 8
“District Formation Costs”means the costs associated with forming the District, including but
not limited to, attorney fees, and any other cost or expense incurred by the City directly
associated with the establishment of the District.
“Engineer’s Report” means a report provided by a licensed professional engineer that describes
the Authorized Improvements, including their costs, location, and benefit, and excerpts of which
are attached hereto as Appendix A.
“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.
“Improvement Area #1” means approximately 97.716 acres located within the District, more
specifically described in Exhibit L-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, the
principal and interest portion of which may be reduced by the TIRZ No. 4 Annual Credit Amount.
“Improvement Area #1 Assessed Property” means any Parcel within Improvement Area #1
against which an Improvement Area #1 Assessment is levied.
“Improvement Area #1 Assessment” means an Assessment levied against a Parcel 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 2023 Amended and Restated Service and Assessment Plan as
Exhibit G-1.
“Improvement Area #1 Bonds” means those certain “City of Anna, Texas Special Assessment
Revenue Bonds, Series 2023 (AnaCapri Public Improvement District Improvement Area #1
Project)” that are secured by Improvement Area #1 Assessments.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 9
“Improvement Area #1 Improvements”meansthe Authorized Improvements which only benefit
the Improvement Area #1 Assessed Property, as further described in Section III.A and depicted
on Exhibit I-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 L-2,
and depicted on Exhibit A-2.
“Improvement Area #1 Initial Parcel Remainder Property” means all of the Improvement Area
#1 Assessed Property, save and except Phase 1A Plat, against which the remaining Improvement
Area #1 Assessment is allocated, as depicted on Exhibit A-3.
“Improvement Area #1 Projects” means, collectively (1) the Improvement Area #1
Improvements; (2) the pro rata portion of the District Formation Costs allocable to Improvement
Area #1 and (3) the Bond Issuance Costs associated with the Improvement Area #1 Bonds.
“Improvement Area #2” means approximately 179.451 acres located within the District, more
specifically described in Exhibit L-3 and depicted on Exhibit A-4.
“Improvement Area #2Improvements”means the Authorized Improvements which only benefit
Improvement Area #2 and are described in Section III.B, and depicted on Exhibit I-2.
“Improvement Area #2 - Remainder Property” means approximately 113.100 acres located
within the District, more specifically described in Exhibit L-5 and depicted on Exhibit A-5.
“Improvement Area #2 - Remainder Property Appropriated Property” means any Parcel within
Improvement Area #2 - Remainder Property against which costs of Improvement Area #2
Improvements are appropriated.
“Improvement Area #2 - Remainder Property Initial Parcel” means all of the Improvement Area
#2 - Remainder Property Appropriated Property against which Improvement Area #2
Improvements costs are Appropriated, as described in Exhibit L-5, and depicted on Exhibit A-5.
“Improvement Area #2 - Remainder Property Projects” means the pro rata portion of the
Improvement Area #2 Improvements costs appropriated to Improvement Area #2 - Remainder
Property.
“Improvement Area #2A” means approximately 66.3 acres located within the District, more
specifically described in Exhibit L-4 and depicted on Exhibit A-5.
“Improvement Area #2A Annual Installment” means the Annual Installment of the Improvement
Area #2A 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, the principal and interest portions of which may be reduced by the TIRZ No. 4 Annual
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 10
Credit Amount.Additional Interest is not charged on the Improvement Area #2-A Reimbursement
Obligation, but will be included in the event Improvement Area #2A Bonds are issued.
“Improvement Area #2A Assessed Property” means any Parcel within Improvement Area #2A
against which an Improvement Area #2A Assessment is levied.
“Improvement Area #2A Assessment” means an Assessment levied against a Parcel within
Improvement Area #2A and imposed pursuant to an Assessment Ordinance and the provisions
herein, as shown on the Improvement Area #2A 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 #2A Assessment Roll” means the Assessment Roll for the Improvement
Area #2A 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 #2A Assessment Roll is included in this 2023 Amended and Restated Service and Assessment
Plan as Exhibit H-1.
“Improvement Area #2A Bonds” means those certain PID “City of Anna, Texas Special
Assessment Revenue Bonds, Series 2024 (AnaCapri Public Improvement District Improvement
Area #2A Project)” that are secured by Improvement Area #2A Assessments, and anticipated to
be issued in calendar year 2024.
“Improvement Area #2A Improvements” means the Authorized Improvements which only
benefit the Improvement Area #2A Assessed Property, as further described in Section III.C and
depicted on Exhibit I-3.
“Improvement Area #2A Initial Parcel” means all of the Improvement Area #2A Assessed
Property against which the entire Improvement Area #2A Assessment is levied, as described in
Exhibit L-4, and depicted on Exhibit A-5.
“Improvement Area #2A Projects”means, collectively (1) the pro rata portion of the
Improvement Area #2 Improvements allocable to Improvement Area #2A; (2) the Improvement
Area #2A Improvements; (3) the pro rata portion of the District Formation Costs allocable to
Improvement Area #2A and (4) the Bond Issuance Costs associated with the Improvement Area
#2A Bonds.
“Improvement Area #2A Reimbursement Agreement” means that certain “AnaCapri Public
Improvement District Improvement Area #2A Reimbursement Agreement” entered into by and
between the City and the Developer, as the developer of the Improvement Area #2A Projects, in
which the Developer agrees to construct the Improvement Area #2A Projects and to fund certain
Actual Costs of the Improvement Area #2A Projects and the City agrees to (i) pay directly or
reimburse the Developerfor a portion of the Actual Costs of the Improvement Area #2A Projects
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 11
from the proceeds of Improvement Area #2A Bonds in accordance with the Act, this 2023
Amended and Restated Service and Assessment Plan and the applicable Indenture, or (ii)
reimburse the Developer for certain Actual Costs of Improvement Area #2A Projects not paid
from proceeds of the Improvement Area #2A Bonds solely from the revenue collected from
Improvement Area #2A Assessments, including Improvement Area #2A Annual Installments, but
subordinate to the lien on the Improvement Area #2A Assessments pledged to the payment of
Improvement Area #2A Bonds.
“Improvement Area #2A Reimbursement Obligation” means an amount secured by the
Improvement Area #2A Assessment to be paid to the Owner pursuant to the Improvement Area
#2A Reimbursement Agreement. The projected Improvement Area #2A Annual Installments for
the Improvement Area #2A Reimbursement Obligation are shown on Exhibit H-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) for any portion of the Districtfor 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, buildout value, etc.), as determined by the Administrator and confirmed by the
City Council. In the case of single-family residential Lots, the Lot Type shall be further defined by
classifying the residential Lots by the Estimated Buildout Value of the Lot as shown on Exhibit E.
“Lot Type 1” means a lot within Improvement Area #1 marketed to homebuilders as a 40’ Lot,
with an Estimated Buildout Value of $430,000.
“Lot Type 2” means a lot within Improvement Area #1 marketed to homebuilders as a 50’ Lot,
with an Estimated Buildout Value of $480,000.
“Lot Type 3” means a lot within Improvement Area #2A marketed to homebuilders as a 40’ Lot,
with an Estimated Buildout Value of $430,000.
“Lot Type 4” means a lot within Improvement Area #2A marketed to homebuilders as a 50’ Lot,
with an Estimated Buildout Value of $480,000.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 12
“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. The Maximum Assessment shall be calculated at the time a final plat is recorded.
“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 lagoon, multifamily and commercial areas adjacent to the District.
“Non-Benefitted Property” means Parcels within the boundaries of the District that accrue no
special benefit from the Authorized Improvements as determined by the City Council.
“Notice of Assessment Termination” means a document that shall be recorded in the Official
Public Records of the County the termination of an Assessment, a form of which is attached as
Exhibit J.
“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.
“Phase 1A Plat” means the plat to which assessments are allocated to the 191 parcels per Section
V.A, as shown in Exhibit A-7.
“PID Act” means Chapter 372, Texas Local Government Code, as amended.
“PID Bonds” means any bonds issued by the City in one or more series and secured in whole or
in part by Assessments.
“Prepayment” means the payment of all or a portion of an Assessment before the due date of
the final Annual Installment thereof. Amounts received at the time of a Prepayment which
represent a payment of principal, interest, or penalties on a delinquent installment of an
Assessment are not to be considered a Prepayment, but rather are to be treated as the payment
of the regularly scheduled Annual Installment.
“Prepayment Costs” means interest, including Additional Interest and Annual Collection Costs to
the date of Prepayment.
“Service and Assessment Plan” means the AnaCapri Public Improvement District Service and
Assessment Plan approved on September 13, 2022, by Ordinance No. 1001-2022, which is to be
replaced in its entirety by this 2023 Amended and Restated Service and Assessment Plan.
“Service Plan” covers a period of at least five years and defines the annual indebtedness and
projected costs of the Authorized Improvements, more specifically described in Section IV.
"TIRZ No. 4" means the Reinvestment Zone Number Four, City of Anna, Texas.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 13
"TIRZ No. 4 Annual Credit Amount"is defined in Section V.F, which amount shall not annually
exceed the TIRZ No. 4 Maximum Annual Credit Amount, and which shall be transferred from the
TIRZ No. 4 Fund to the applicable pledged revenue fund pursuant to the Development
Agreement.
“TIRZ No. 4 PID Account”means an account of the TIRZ No. 4 Fund where the TIRZ No. 4
Revenues are deposited.
"TIRZ No. 4 Project and Finance Plan" means the Reinvestment Zone Number Four, City of Anna,
Texas Project and Finance Plan, dated December 14, 2021.
"TIRZ No. 4 Fund"means the tax increment fund created pursuant to the TIRZ No. 4 Ordinance
where TIRZ No. 4 Revenues are deposited annually.
“TIRZ No. 4 Maximum Annual Credit Amount”means for each Lot Type, the amount of TIRZ No.
4 Revenues provided as a Credit against the Annual Installment, as further defined in Section V.F
and shown on Exhibit F.
"TIRZ No. 4 Ordinance" means Ordinance No. 951-2021 adopted by the City Council approving
the TIRZ No. 4 Project and Finance Plan and authorizing the use of TIRZ No. 4 Revenues for project
costs under the Chapter 311, Texas Tax Code as amended, and related to certain public
improvements as provided for in the TIRZ No. 4 Project and Finance Plan.
"TIRZ No. 4 Revenues" mean, for each year, the amounts which are deposited in the TIRZ No. 4
Fund pursuant to the TIRZ No. 4 Ordinance.
“Trustee” means the trustee or successor trustee under an Indenture.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
14
Section II: The District
The District includes approximately 284.952 contiguous acres located within the corporate limits
of the City, the boundaries of which are more particularly described by the legal description on
Exhibit L-1 and depicted on Exhibit A-1. Development of the District is anticipated to include
approximately 1,233 Lots developed with single-family homes.
Improvement Area #1 includes approximately 97.716 contiguous acres located within the
corporate limits of the City, the boundaries of which are more particularly described by the legal
description on Exhibit L-2 and depicted on Exhibit A-2. Development of Improvement Area #1 is
anticipated to include approximately 457 Lots developed with single-family homes (168 single-
family homes classified as Lot Type 1, and 289 single-family homes classified as Lot Type 2).
Improvement Area #2 includes both Improvement Area #2A and Improvement Area #2 –
Remainder Property, as described on Exhibit L-3, and depicted on Exhibit A-4, consisting of
approximately 179.451 acres.
Improvement Area #2A includes approximately 66.262 contiguous acres located within the
corporate limits of the City, the boundaries of which are more particularly described by the legal
description on Exhibit L-4 and depicted on Exhibit A-5. Development of Improvement Area #2A
is anticipated to include approximately 237 Lots developed with single-family homes (91 single-
family homes classified as Lot Type 3, and 146 single-family homes classified as Lot Type 4).
Improvement Area #2 – Remainder Property includes approximately 113.189 contiguous acres
located within the corporate limits of the City, the boundaries of which are more particularly
described by the legal description on Exhibit L-5 and depicted on Exhibit A-6. Development of
Improvement Area #2 – Remainder Property is anticipated to include approximately 539 Lots
developed with single-family homes.
Section III: Authorized Improvements and Bond Issuance Costs
The City, based on information provided by the Developer and its engineer and reviewed by the
Citystaff and by third-party consultants retained by the City, has determined that the Authorized
Improvements confer a special benefit on the Assessed Property. Authorized Improvements will
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
Roadway Improvements
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 15
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps. All related earthwork, excavation, erosion
control, intersections, and re-vegetation of all disturbed areas within the right-of-way are
included. The street improvements will provide benefit to each Lot within Improvement
Area #1.
Water Systems
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #1.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #1.
Storm Sewer
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #1.
Site Fencing, Retaining Walls, Landscape
Improvements include all related earthwork, excavation, erosion control, retaining walls,
signage, utility infrastructure, drainage infrastructure, lighting, landscaping, irrigation and
re-vegetation of all disturbed areas.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #1
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #1
Improvements.
B. Improvement Area #2 Improvements
Roadways Improvements
Improvements including subgrade stabilization, concrete and reinforcing steel for
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 16
roadways, testing, and handicapped ramps. All related earthwork, excavation, erosion
control, intersections, and re-vegetation of all disturbed areas within the right-of-way are
included. The street improvements will provide benefit to each Lot within Improvement
Area #2.
Water Systems
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #2.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #2.
Storm Sewer
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #2.
Site Fencing, Retaining Walls, Landscape
Improvements include all related earthwork, excavation, erosion control, retaining walls,
signage, utility infrastructure, drainage infrastructure, lighting, landscaping, irrigation and
re-vegetation of all disturbed areas within Improvement Area #2.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #2
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #2
Improvements.
C. Improvement Area #2A Improvements
Roadway Improvements
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps. All related earthwork, excavation, erosion
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 17
control, intersections, and re-vegetation of all disturbed areas within the right-of-way are
included. The street improvements will provide benefit to each Lot within Improvement
Area #2A.
Water Systems
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, erosion control,
and all necessary appurtenances required to provide water service to all Lots within
Improvement Area #2A.
Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, erosion control and all necessary appurtenances required to
provide wastewater service to all Lots within Improvement Area #2A.
Storm Sewer
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, erosion control and all necessary appurtenances
required to provide storm drainage for all Lots within Improvement Area #2A.
Site Fencing, Retaining Walls, Landscape
Improvements include all related earthwork, excavation, erosion control, retaining walls,
signage, utility infrastructure, drainage infrastructure, lighting, landscaping, irrigation and
re-vegetation of all disturbed areas within Improvement Area #2A.
Soft Costs
Costs related to designing, constructing, and installing the Improvement Area #2A
Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, District Formation Costs, legal costs,
consultants, and costs associated with financing the Improvement Area #2A
Improvements.
D. 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.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
18
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 and the underwriter’s attorney fees.
Costs of Issuance
Includes costs of issuinga particular series ofPID 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.
E. Other Costs
Deposit to Administrative Fund
Equals the amount necessary to fund the first year’s Annual Collection Costs for a
particular series of PID Bonds.
Section IV: Service Plan
The PID Act requires the Service Plan to (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, and Improvement Area #2A. The notice
form required by Section 5.014 of the Texas Property Code is attached hereto as Appendix B.
Exhibit D-1 summarizes the sources and uses of funds required to construct the Authorized
Improvements. The sources and uses of funds shown on Exhibit D-1 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 Councilto apportion the costs of the Authorized Improvementsto the
Assessed Propertybased 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 Citythat
results in imposing equal shares of such costs on property similarly benefited. The PID Actfurther
provides that the governing body may establish by ordinance or order reasonable classifications
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 19
and formulas for the apportionment of the cost between the City and the area to be assessed
and the methods of assessing the special benefits for various classes of improvements.
This section of this 2023 Amended and Restated Service and Assessment Plan describes the
special benefit received by each Parcel within the District as a result of the Authorized
Improvements and provides the basis and justification for the determination that this special
benefit equals or exceeds the amount of the Assessments 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.
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 Projects were 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
Projects.
The costs of the Improvement Area #2 Improvements allocable to Improvement Area #2
– Remainder Property Appropriated Property were appropriated to Improvement Area
#2 – Remainder Property Appropriated Property pro rata based on the Estimated Buildout
Value of all Parcels within Improvement Area #2, as depicted on Exhibit B-2.
The costs of the Improvement Area #2A Projects were allocated 100% to Improvement
Area #2A Assessed Property based on the ratio of the Estimated Buildout Value of each
Lot Type designated as Improvement Area #2A Assessed Property to the Estimated
Buildout Value of all Improvement Area #2A Assessed Property. Currently, the
Improvement Area #2A Initial Parcel is the only Parcel within Improvement Area #2A, and
as such, the Improvement Area #2A Initial Parcel is allocated 100% of the Improvement
Area #2A Projects.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 20
B. Assessments
Assessments were levied on the Assessed Property according to the Improvement Area #1
Assessment Roll, and Improvement Area #2A Assessment Roll attached hereto as Exhibit G-1,
and Exhibit H-1, respectively. The projected Annual Installments for Improvement Area #1, and
Improvement Area #2A, are shown on Exhibit G-2, and Exhibit H-2, respectively, and are subject
to revisions made in any Annual Service Plan Update.
The Maximum Assessment for each Lot Type within Improvement Area #1, and Improvement
Area #2A is shown on Exhibit E. In no case will the Assessment for Lot Type 1, Lot Type 2, Lot
Type 3, or Lot Type 4 within Improvement Area #1, and Improvement Area #2A, exceed the
corresponding Maximum Assessment.
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 costs of the Improvement Area #1 Projects equal $22,074,164 1 as shown on
Exhibit B-1;
The Improvement Area #1 Assessed Property receives special benefit from the
Improvement Area #1 Projects equal to or greater than the Actual Cost of the
Improvement Area #1 Projects;
With the adoption of the 2022 Assessment Ordinance, the Improvement Area #1
Initial Parcel was allocated 100% of the Improvement Area #1 Assessment levied
for the Improvement Area #1 Projects, which equaled $22,145,000 (and which
Assessment has been lowered to $20,343,000), as shown on the Improvement
Area #1 Assessment Roll attached hereto as Exhibit G-1;
The special benefit ( $22,074,164) 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 ($20,343,000) levied on the
Improvement Area #1 Initial Parcel for the Improvement Area #1 Projects; and
At the time the City Council approved the 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
1 Inclusive of changes to the original costs as shown on Exhibit B-1.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 21
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 2022 Assessment Ordinance; (2) the Service and
Assessment Plan and the 2022 Assessment Ordinance; and (3) the levying of the
Improvement Area #1 Assessment on the Improvement Area #1 Initial Parcel.
Improvement Area #2A
The costs of the Improvement Area #2A Projects equal $11,699,191
2 as shown on
Exhibit B-1;
The Improvement Area #2A Assessed Property receives special benefit from the
Improvement Area #2A Projects equal to or greater than the Actual Cost of the
Improvement Area #2A Projects;
With the adoption of the 2022 Assessment Ordinance, the Improvement Area #2A
Initial Parcel was allocated 100% of the Improvement Area #2A Assessment levied
for the Improvement Area #2A Projects, which equaled $11,025,000 (and which
Assessment has been lowered to $10,136,000), as shown on the Improvement
Area #2A Assessment Roll attached hereto as Exhibit H-1;
The special benefit ( $11,699,191) received by the Improvement Area #2A Initial
Parcel from the Improvement Area #2A Projects is equal to or greater than the
amount of the Improvement Area #2A Assessment ($10,136,000) levied on the
Improvement Area #2A Initial Parcel for the Improvement Area #2A Projects; and
At the time the City Council approved the Service and Assessment Plan, the
Developer owned 100% of the Improvement Area #2A Initial Parcel. The
Developer acknowledged that the Improvement Area #2A Projects confer a special
benefit on the Improvement Area #2A Initial Parcel and consented to the
imposition of the Improvement Area #2A 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 2022 Assessment Ordinance; (2) the Service and
Assessment Plan and the 2022 Assessment Ordinance; and (3) the levying of the
Improvement Area #2A Assessment on the Improvement Area #2A Initial Parcel.
Improvement Area #2 – Remainder Property
2 Inclusive of changes to the original costs as shown on Exhibit B-1.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 22
The costs of the Improvement Area #2 – Remainder Property Projects equal
$4,241,421 as shown on Exhibit B-2;
The Improvement Area #2 – Remainder Property Assessed Property receives
special benefit from the Improvement Area #2 – Remainder Property Projects
equal to or greater than the Actual Cost of the Improvement Area #2 – Remainder
Property Projects;
The Improvement Area #2 – Remainder Property Initial Parcel will be allocated
100% of the Improvement Area #2 – Remainder Property Appropriation for the
Improvement Area #2 – Remainder Property Projects, which equals $4,241,421 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 2023 Amended and Restated Service
and Assessment Plan, the Developer owned 100% of the Improvement Area #2 –
Remainder Property Initial Parcel. The Developer acknowledged that the
Improvement Area #2 – Remainder Property Projects confer a special benefit on
the Improvement Area #2 – Remainder Property Initial Parcel and consented to
the imposition of the Improvement Area #2 – Remainder Property Appropriation
in anticipation of a future levy by the City Council to pay for all or a portion of the
Improvement Area #2 – Remainder Property Appropriation of Costs of
Improvement Area #2 – Remainder Property 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 2023 Amended and Restated Service and Assessment
Plan; and (3) the Appropriation of Costs on the Improvement Area #2 – Remainder
Property Initial Parcel.
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.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
23
The interest on the Improvement Area #2A Assessment securing the Improvement Area #2A
Reimbursement Obligation shall be collected at rates established under the Improvement Area
#2A Reimbursement Agreement as part of the Improvement Area #2A Annual Installment.
Additional Interest cannot be collected on the Improvement Area #2A Assessment securing the
Improvement Area #2A Reimbursement Obligation.
F. TIRZ No. 4 Annual Credit Amount
The City Council has agreed to use a portion of TIRZ No. 4Revenues (the “TIRZ No. 4Annual Credit
Amount”) generated from each Assessed Property to offset a portion of such property’s
Assessment, as applicable.
1. The Annual Installment for an Assessed Property shall receive a TIRZ No. 4 Annual Credit
Amount equal to the TIRZ No. 4Revenue generated by the Assessed Property for the previous
Tax Year (e.g. TIRZ No. 4 Revenue collected from the Assessed Property for Tax Year 2022
shall be applied as the TIRZ No. 4Annual Credit Amount applicable to the Assessed Property’s
Improvement Area #1 Annual Installment to be collected in Tax Year 2023), but in no event
shall the TIRZ No. 4 Annual Credit Amount exceed the TIRZ No. 4 Maximum Annual Credit
Amount as calculated on Exhibit F for each Assessed Property.
2. The TIRZ No. 4 Maximum Annual Credit Amount available to reduce the Annual installment
for an Assessed Property is calculated for each Lot Type, as shown on Exhibit F. The TIRZ No.
4 Maximum Annual Credit Amount is calculated to be fifty percent (50%) of the City’s ad
valorem tax rate. The resulting TIRZ No. 4 Maximum Annual Credit Amount for each Lot Type
in Improvement Area #1 and Improvement Area #2A is shown in Exhibit F. This section shall
be updated if and when Assessments are levied on the Improvement Area #2 – Remainder
Property.
3. After the TIRZ No. 4 Annual Credit Amount is applied to provide a credit towards a portion of
the Annual Installment for the Assessed Property, any excess TIRZ No. 4 Revenues available
from the TIRZ No. 4 PID Account shall be held in a segregated account by the City and shall
be used in accordance with the TIRZ No. 4 Project and Finance Plan.
Section VI: Terms of the Assessments
Any reallocation of Assessments as described in this Section VI shall be considered an
administrative action of the City and will not be subject to the notice or public hearing
requirements under the PID Act.
A. Reallocation of Assessments
1. Upon Division Prior to Recording of Subdivision Plat
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 24
Upon the division of any Assessed Property (without the recording of subdivision plat),
the Administrator shall reallocate the Assessment for the Assessed Property prior to the
division among the newly divided Assessed Properties according to the following formula:
A = B x (C ÷ D)
Where the terms have the following meanings:
A = the Assessment for the newly divided Assessed Property
B = the Assessment for the Assessed Property prior to division
C = the Estimated Buildout Value of the newly divided Assessed Property
D = the sum of the Estimated Buildout Value for all of the newly divided Assessed
Properties
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, Lot
Type 2, Lot Type 3, and Lot Type 4 are shown on Exhibit E and will not change in future
Annual Service Plan Updates. The calculation as confirmed by the City Council shall be
conclusive.
The sum of the Assessments for all newly divided Assessed Properties shall equal the
Assessment for the Assessed Property prior to subdivision. The calculation shall be made
separately for each newly divided Assessed Property. The reallocation of an Assessment
for an Assessed Property that is a homestead under Texas law may not exceed the
Assessment prior to the reallocation. Any reallocation pursuant to this section shall be
reflected in the next Annual Service Plan Update and approved by the City Council.
2. Upon Subdivision by a Recorded Subdivision Plat
Upon the subdivision of any Assessed Property based on a recorded subdivision plat, the
Administrator shall reallocate the Assessment for the Assessed Property prior to the
subdivision among the new subdivided Lots based on Estimated Buildout Value according
to the following formula:
A = [B x (C ÷ D)]/E
Where the terms have the following meanings:
A = the Assessment for the newly subdivided Lot
B = the Assessment for the Parcel prior to subdivision
C = the sum of the Estimated Buildout Value of all newly subdivided Lots with same
Lot Type
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 25
D = the sum of the Estimated Buildout Value for all of the newly subdivided Lots
excluding Non-Benefitted Property
E= the number of newly subdivided Lots with same Lot Type
Prior to the recording of a subdivision plat, the 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, Lot Type 2, Lot Type 3,
and Lot Type 4 are shown on Exhibit E and will not change in future Annual Service Plan
Updates.
The sum of the Assessments for all newly subdivided Lots shall not exceed the Assessment
for the portion of the Assessed Property subdivided prior to subdivision. The calculation
shall be made separately for each newly subdivided Assessed Property. The reallocation
of an Assessment for an Assessed Property that is a homestead under Texas law may not
exceed the Assessment prior to the reallocation. Any reallocation pursuant to this section
shall be reflected in the next Annual Service Plan Update and approved by the City
Council.
3. Upon Consolidation
If two or more Lots or Parcels are consolidated into a single Parcel or Lot, the
Administrator shall allocate the Assessments against the Lots or Parcels before the
consolidation to the consolidated Lot or Parcel, which allocation shall be reflected in the
next Annual Service Plan Update and approved by the City Council. The Assessment for
any resulting Lot may not exceed the Maximum Assessment for the applicable Lot Type
and compliance may require a mandatory Prepayment of Assessments pursuant to
Section VI.C.
B. Mandatory Prepayment of Assessments
If an Assessed Property or a portion thereof is conveyed to a party that is exempt from payment
of the Assessment under applicable law, or the owner causes a Lot, Parcel or portion thereof to
become Non-Benefitted Property, the owner of such Lot, Parcel or portion there of shall pay to
the City the full amount of the Assessment, plus all Prepayment Costs and Delinquent Collection
Costs for such Assessed Property, prior to any such conveyance or act. Following payment of the
foregoing costs in full, the City shall provide the owner with a recordable “Notice of PID
Assessment Termination,” a form of which is attached hereto as Exhibit J.
C. True-Up of Assessments if Maximum Assessment Exceeded at Plat
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 26
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 an
Assessed Property is prepaid in full, with Prepayment Costs, (1) the Administrator shall cause the
Assessment to be reduced to zero on said Assessed Property and the Assessment Roll to be
revised accordingly; (2) the Administrator shall prepare the revised Assessment Roll and submit
such revised Assessment Roll to the City Council for review and approval as part of the next
Annual Service Plan Update; (3) the obligation to pay the Assessment and corresponding Annual
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 27
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 #2A Reimbursement Obligation is and will
remain subordinated to (i) the Improvement Area #2A Bonds and (ii) any additional PID Bonds
secured by a parity lien on the Improvement Area #2A Assessments issued to refinance all or a
portion of the Improvement Area #2A Reimbursement Obligation. For purposes of Prepayments,
additional PID Bonds issued to refinance all or a portion of the Improvement Area #2A
Reimbursement Obligation will be on parity with the Improvement Area #2A Bonds.
F. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G-
2 shows the projected Improvement Area #1 Annual Installments, and Exhibit H-2 shows the
projected Improvement Area #2A 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-Benefitted Property or non-assessed property, as shown by the Collin Central Appraisal
District for each tax parcel identification number.
The Administrator shall prepare and submit to the City Council for its review and approval an
Annual Service Plan Update to allow for the billing and collection of Annual Installments. Each
Annual Service Plan Update shall include updated Assessment Rolls and updated calculations of
Annual Installments. The Annual Collection Costs for a given Assessment shall be paid by the
owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment
remaining on the Parcel to the total outstanding Assessment. Annual Installments shall be
reduced by any credits applied under an applicable Indenture, such as capitalized interest,
interest earnings on account balances, and any other funds available to the Trustee for such
purposes. Annual Installments shall be collected by the City in the same manner and at the same
time as ad valorem taxes. Annual Installments shall be subject to the penalties, procedures, and
foreclosure sale in case of delinquencies as set forth in the PID Act and in the same manner as ad
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 28
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.
Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien
for the remaining unpaid Annual Installments against the Assessed Property, and the Assessed
Property may again be sold at a judicial foreclosure sale if the purchaser fails to timely pay any of
the remaining unpaid Annual Installments as they become due and payable.
The City reserves the right to refund PID Bonds in accordance with applicable law, including the
PID Act. In the event of a refunding, the 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, 2023.
Failure of an owner of an Assessed Property to receive an invoice for an Annual Installment on
the property tax bill shall not relieve said owner of the responsibility for payment of the
Assessment. Assessments, or Annual Installments thereof, that are delinquent shall incur
Delinquent Collection Costs. The City may provide for other means of collecting the Annual
Installments to the extent permitted by the PID Act, or other applicable law.
G. Prepayment as a Result of an Eminent Domain Proceeding or Taking
Subject to applicable law, if any portion of any Parcel of Assessed Property is taken from an owner
as a result of eminent domain proceedings or if a transfer of any portion of any Parcel of Assessed
Property is made to an entity with the authority to condemn all or a portion of the Assessed
Property in lieu of or as a part of an eminent domain proceeding (a “Taking”), the portion of the
Assessed Property that was taken or transferred (the “Taken Property”) shall be reclassified as
Non-Benefitted Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph,
the Assessment that was levied against the Assessed Property (when it was included in the Taken
Property) prior to the Taking shall remain in force against the remaining Assessed Property (the
Assessed Property less the Taken Property) (the “Remaining Property”), following the
reclassification of the Taken Property as Non-Benefitted Property, subject to an adjustment of
the Assessment applicable to the Remaining Property after any required Prepayment as set forth
below. The owner of the Remaining Property will remain liable to pay in Annual Installments, or
payable as otherwise provided by this 2023 Amended and Restated Service and Assessment Plan,
as updated, or the PID Act, the Assessment that remains due on the Remaining Property, subject
to an adjustment in the Assessment applicable to the Remaining Property after any required
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
29
Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains
due on the Remaining Property exceeds the applicable Maximum Assessment, the owner of the
Remaining Property will be required to make a Prepayment in an amount necessary to ensure
that the Assessment against the Remaining Property does not exceed such Maximum
Assessment, in which case the Assessment applicable to the Remaining Property will be reduced
by the amount of the partial Prepayment. If the City receives all or a portion of the eminent
domain proceeds (or payment made in an agreed sale in lieu of condemnation), such amount
shall be credited against the amount of prepayment, with any remainder credited against the
assessment on the Remainder Property.
In all instances the Assessment remaining on the Remaining Property shall not exceed the
applicable Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100
Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be
reclassified as Non-Benefitted Property and the remaining 90 acres of Remaining Property shall
be subject to the $100 Assessment (provided that this $100 Assessment does not exceed the
Maximum Assessment on the Remaining Property). If the Administrator determines that the
$100 Assessment reallocated to the Remaining Property would exceed the Maximum
Assessment, as applicable, on the Remaining Property by $10, then the owner shall be required
to pay $10 as a Prepayment of the Assessment against the Remaining Property and the
Assessment on the Remaining Property shall be adjusted to be $90.
Notwithstanding the previous paragraphs in this subsection, if the owner of the Taken Property
notifies the City and the Administrator that the Taking prevents the Remaining Property from
being developed for any use which could support the Estimated Buildout Value requirement, the
owner shall, upon receipt of the compensation for the Taken Property, be required to prepay the
amount of the Assessment required to buy down the outstanding Assessment to the applicable
Maximum Assessment on the Remaining Property to support the Estimated Buildout Value
requirement. Said owner will remain liable to pay the Annual Installments on both the Taken
Property and the Remaining Property until such time that such Assessment has been prepaid in
full.
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 G-1. The Administrator shall
prepare and submit to the City Council for review and approval proposed revisions to the
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
30
Improvement Area #1 Assessment Roll and Improvement Area #1 Annual Installments for each
Parcel as part of each Annual Service Plan Update.
The Improvement Area #2A Assessment Roll is attached as Exhibit H-1. The Administrator shall
prepare and submit to the City Council for review and approval proposed revisions to the
Improvement Area #2AAssessment Roll and Improvement Area #2AAnnual Installments for each
Parcel as part of each Annual Service Plan Update.
Section VIII: Additional Provisions
A. Calculation Errors
If the owner of a Parcel claims that an error has been made in any calculation required by this
2023 Amended and Restated Service and Assessment Plan, including, but not limited to, any
calculation made as part of any Annual Service Plan Update, said owner’s sole and exclusive
remedy shall be to submit a written notice of error to the Administrator by December 1
st 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 Councildetermines that an error has been made, the City Counciltake
such corrective action as is authorized by the PID Act, this 2023 Amended and Restated Service
and Assessment Plan, the applicable Assessment Ordinance, the applicable Indenture, or as
otherwise authorized by the discretionary power of the City Council. The determination by the
City Council as to whether an error has been made, and any corrective action taken by the City
Council, shall be final and binding on the owner and the Administrator.
B. Amendments
Amendments to this 2023 Amended and Restated Service and Assessment Plan must be made
by the City Council in accordance with the PID Act. To the extent permitted by the PID Act, this
2023 Amended and Restated Service and Assessment Plan may be amended without notice to
owners of the Assessed Property: (1) to correct mistakes and clerical errors; (2) to clarify
ambiguities; and (3) to provide procedures to collect Assessments, Annual Installments, and
other charges imposed by this 2023 Amended and Restated Service and Assessment Plan.
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this 2023
Amended and Restated Service and Assessment Plan; (2) administer the Districtfor and on behalf
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 31
of and at the direction of the City Council; and (3) interpret the provisions of this 2023 Amended
and Restated Service and Assessment Plan. Interpretations of this 2023 Amended and Restated
Service and Assessment Plan by the Administrator shall be in writing and shall be appealable to
the City Council by owners of Assessed Property adversely affected by the interpretation.
Appeals shall be decided by the City Council after holding a public meeting at which all interested
parties have an opportunity to be heard. Decisions by the City Council shall be final and binding
on the owners of Assessed Property and developers and their successors and assigns.
D. Form of Buyer Disclosure
Per Section 5.014 of the Texas Property Code, as amended, this 2023 Amended and Restated
Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form
of the buyer disclosures for the district. The buyer disclosures are attached hereto as Appendix
B. Within seven days of approval by the city Council, the City shall file and record in the real
property records of the County the 2022 Assessment Ordinance of this 2023 Amended and
Restated Service and Assessment Plan, or any future Annual Service Plan Updates. The executed
ordinance, including any attachments, approving this 2023 Amended and Restated Service and
Assessment Plan or any future Annual Service Plan Updates shall be filed and recorded in their
entirety.
E. Severability
If any provision of this 2023 Amended and Restated Service and Assessment Plan is determined
by a governmental agency or court to be unenforceable, the unenforceable provision shall be
deleted and, to the maximum extent possible, shall be rewritten to be enforceable. Every effort
shall be made to enforce the remaining provisions.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
32
Exhibits
The following Exhibits are attached to and made a part of this 2023 Amended and Restated
Service and Assessment Plan for all purposes:
Exhibit A-1 Map of the District
Exhibit A-2 Map of Improvement Area #1
Exhibit A-3 Maps of Improvement Area #1 Initial Parcel Remainder Area
Exhibit A-4 Map of Improvement Area #2
Exhibit A-5 Map of Improvement Area #2A
Exhibit A-6 Map of Improvement Area #2 - Remainder Property
Exhibit A-7 Improvement Area #1 Lot Type Classification Map
Exhibit A-8 Improvement Area #2A Lot Type Classification Map
Exhibit B-1 Authorized Improvements
Exhibit B-2 Appropriation of Costs
Exhibit C Service Plan
Exhibit D Sources and Uses of Funds
Exhibit E Maximum Assessment and Tax Rate Equivalent
Exhibit F TIRZ No. 4 Maximum Annual Credit Amount
Exhibit G-1 Improvement Area #1 Assessment Roll
Exhibit G-2 Improvement Area #1 Annual Installments
Exhibit H-1 Improvement Area #2A Assessment Roll
Exhibit H-2 Improvement Area #2A Projected Annual Installments
Exhibit I-1 Maps of Improvement Area #1 Improvements
Exhibit I-2 Maps of Improvement Area #2 Improvements
Exhibit I-3 Maps of Improvement Area #2A Improvements
Exhibit J Form of Notice of PID Assessment Termination
Exhibit K Debt Service Schedule for the Improvement Area #1 Bonds
Exhibit L-1 District Legal Description
Exhibit L-2 Improvement Area #1 Legal Description
Exhibit L-3 Improvement Area #2 Legal Description
Exhibit L-4 Improvement Area #2A Legal Description
Exhibit L-5 Improvement Area #2 - Remainder Property Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
33
Appendices
The following Appendices are attached to and made a part of this 2023 Amended and Restated
Service and Assessment Plan for all purposes:
Appendix A Engineer’s Report
Appendix B Buyer Disclosures
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
34
Exhibit A-1 – Map of the District
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
35
Exhibit A-2 – Map of Improvement Area #1
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
36
Exhibit A-3 – Maps of Improvement Area #1 Initial Parcel Remainder Property
[Remainder of page left intentionally blank.]
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
42
Exhibit A-4 – Map of Improvement Area #2
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
43
Exhibit A-5 – Map of Improvement Area #2A
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
44
Exhibit A-6 – Map of Improvement Area #2 – Remainder Property
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
45
Exhibit A-7 – Phase 1A Plat
[Remainder of page left intentionally blank.]
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
54
Exhibit F – TIRZ No. 4 Maximum Annual Credit Amount
Improvement Area #1
Lot Type 1 (40')168 0.8597$ (1,098.04)$ 0.6043$ 2.6031$
Lot Type 2 (50')289 0.8597$ (1,225.72)$ 0.6043$ 2.6031$
Improvement Area #1 Subtotal 457 (538,704)$
Improvement Area #2A
Lot Type 3 (40')91 0.7098$ (1,098.04)$ 0.4545$ 2.4532$
Lot Type 4 (50')146 0.7098$ (1,225.72)$ 0.4545$ 2.4532$
Improvement Area #2A Subtotal 237 (278,877)$
Footnotes:
Lot Type Units
1
(1) Per information provided by the Developer.
TIRZ No. 4
Maximum Annual
Credit Amount Net TRE
Net Tax
StackGross TRE
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
55
Exhibit G-1 – Improvement Area #1 Assessment Roll
Property ID1 Lot Type Phase Block Lot Number
Outstanding
Assessment
Annual Installment
Due 1/31/20241
2770352
Improvement Area #1 Initial
Parcel Remainder Area Phase 1B, Phase 1C 11,502,242.32$ 948,766.55$
TBD 2 Phase 1A A 1 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 2 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 3 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 4 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 5 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 6 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 7 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 8 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 9 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 10 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 11 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 12 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 13 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 14 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 15 46,286.69$ 3,817.97$
TBD 2 Phase 1A A 16 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 1 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 2 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 3 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 4 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 5 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 6 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 7 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 8 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 9 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 10 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 11 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 12 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 13 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 14 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 15 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 16 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 17 46,286.69$ 3,817.97$
TBD 2 Phase 1A B 18 46,286.69$ 3,817.97$
TBD Non-Benefitted Property Phase 1A B 1X -$ -$
TBD 2 Phase 1A C 1 46,286.69$ 3,817.97$
TBD 2 Phase 1A C 2 46,286.69$ 3,817.97$
TBD 2 Phase 1A C 3 46,286.69$ 3,817.97$
TBD 2 Phase 1A C 4 46,286.69$ 3,817.97$
Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
56
Property ID1 Lot Type Phase Block Lot Number
Outstanding
Assessment
Annual Installment
Due 1/31/20241
TBD 2 Phase 1A F 20 46,286.69$ 3,817.97$
TBD 2 Phase 1A F 21 46,286.69$ 3,817.97$
TBD 2 Phase 1A F 22 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 1 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 2 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 3 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 4 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 5 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 6 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 7 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 8 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 9 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 10 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 11 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 12 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 13 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 14 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 15 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 16 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 17 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 18 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 19 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 20 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 21 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 22 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 23 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 24 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 25 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 26 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 27 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 28 46,286.69$ 3,817.97$
TBD 2 Phase 1A G 29 46,286.69$ 3,817.97$
TBD Non-Benefitted Property Phase 1A G 1X -$ -$
TBD 2 Phase 1A H 1 46,286.69$ 3,817.97$
TBD 2 Phase 1A H 2 46,286.69$ 3,817.97$
TBD 2 Phase 1A H 3 46,286.69$ 3,817.97$
TBD 2 Phase 1A H 4 46,286.69$ 3,817.97$
TBD Non-Benefitted Property Phase 1A I 1X -$ -$
20,343,000.00$ 1,677,998.82$
Footnotes:
(1) The entire Improvement Area #1 Initial Parcel is contained within Property ID 2770352. For billing purposes, the Annual
Installment due 1/31/2024 shall be allocated pro rata based on acreage.
Total
Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
57
Exhibit G-2 – Improvement Area #1 Annual Installment
Annual Installment
Due 1/31 Principal Interest
1
Additional
Interest Reserve Fund
Annual
Collection
Annual
Installment2
2024 354,000.00$ 1,284,878.44$ -$ -$ 39,121.15$ 1,677,999.59$
2025 234,000.00$ 1,443,652.50$ 99,945.00$ -$ 40,800.00$ 1,818,397.50$
2026 251,000.00$ 1,427,272.50$ 98,775.00$ -$ 41,616.00$ 1,818,663.50$
2027 269,000.00$ 1,409,702.50$ 97,520.00$ -$ 42,448.32$ 1,818,670.82$
2028 288,000.00$ 1,390,872.50$ 96,175.00$ -$ 43,297.29$ 1,818,344.79$
2029 309,000.00$ 1,370,712.50$ 94,735.00$ -$ 44,163.24$ 1,818,610.74$
2030 331,000.00$ 1,349,082.50$ 93,190.00$ -$ 45,046.50$ 1,818,319.00$
2031 355,000.00$ 1,325,912.50$ 91,535.00$ -$ 45,947.43$ 1,818,394.93$
2032 381,000.00$ 1,301,062.50$ 89,760.00$ -$ 46,866.38$ 1,818,688.88$
2033 409,000.00$ 1,274,392.50$ 87,855.00$ -$ 47,803.71$ 1,819,051.21$
2034 438,000.00$ 1,245,762.50$ 85,810.00$ -$ 48,759.78$ 1,818,332.28$
2035 470,000.00$ 1,215,102.50$ 83,620.00$ -$ 49,734.98$ 1,818,457.48$
2036 505,000.00$ 1,182,202.50$ 81,270.00$ -$ 50,729.68$ 1,819,202.18$
2037 541,000.00$ 1,146,852.50$ 78,745.00$ -$ 51,744.27$ 1,818,341.77$
2038 581,000.00$ 1,108,982.50$ 76,040.00$ -$ 52,779.16$ 1,818,801.66$
2039 623,000.00$ 1,068,312.50$ 73,135.00$ -$ 53,834.74$ 1,818,282.24$
2040 669,000.00$ 1,024,702.50$ 70,020.00$ -$ 54,911.43$ 1,818,633.93$
2041 718,000.00$ 977,872.50$ 66,675.00$ -$ 56,009.66$ 1,818,557.16$
2042 771,000.00$ 927,612.50$ 63,085.00$ -$ 57,129.85$ 1,818,827.35$
2043 827,000.00$ 873,642.50$ 59,230.00$ -$ 58,272.45$ 1,818,144.95$
2044 891,000.00$ 812,651.26$ 55,095.00$ -$ 59,437.90$ 1,818,184.16$
2045 960,000.00$ 746,940.00$ 50,640.00$ -$ 60,626.66$ 1,818,206.66$
2046 1,035,000.00$ 676,140.00$ 45,840.00$ -$ 61,839.19$ 1,818,819.19$
2047 1,115,000.00$ 599,808.76$ 40,665.00$ -$ 63,075.97$ 1,818,549.73$
2048 1,202,000.00$ 517,577.50$ 35,090.00$ -$ 64,337.49$ 1,819,004.99$
2049 1,295,000.00$ 428,930.00$ 29,080.00$ -$ 65,624.24$ 1,818,634.24$
2050 1,396,000.00$ 333,423.76$ 22,605.00$ -$ 66,936.72$ 1,818,965.48$
2051 1,504,000.00$ 230,468.76$ 15,625.00$ -$ 68,275.45$ 1,818,369.21$
2052 1,621,000.00$ 119,548.76$ 8,105.00$ (1,740,548.76)$ 69,640.96$ 77,745.96$
Total 20,343,000.00$ 28,814,074.74$ 1,889,865.00$ (1,740,548.76)$ 1,550,810.60$ 50,857,201.58$
Footnotes:
(1) Interest on the Improvement Area #1 Bonds is calculated at a 7.00%, and 7.375% rate for bonds maturing 2042 and 2052,
respectively.
(2) The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual
Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts
shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
58
Exhibit H-1 – Improvement Area #2A Assessment Roll
Property ID1 Lot Type
Outstanding
Assessment
Annual Installment
Due 1/31/20241
2759616 Improvement Area #2A Initial Parcel 3,558,452.95$ 290,978.88$
2759795 Improvement Area #2A Initial Parcel 6,577,547.05$ 537,853.75$
10,136,000.00$ 828,832.64$
Footnotes:
(1) The entire Improvement Area #2A Initial Parcel is contained within Property ID 2759616, and
2759795. For billing purposes, the Annual Installment due 1/31/2024 shall be allocated pro rata based
on acreage.
Total
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
59
Exhibit H-2 – Improvement Area #2A Projected Annual Installments
Annual Installment
Due 1/31 Principal Interest
1
Annual
Collection Costs
Annual
Installment2
2024 107,303.79$ 709,520.00$ 12,008.85$ 828,832.64$
2025 114,815.05$ 702,008.74$ 12,249.03$ 829,072.81$
2026 122,852.10$ 693,971.68$ 12,494.01$ 829,317.79$
2027 131,451.75$ 685,372.03$ 12,743.89$ 829,567.67$
2028 178,055.55$ 571,846.98$ 12,998.77$ 762,901.29$
2029 188,596.44$ 561,306.09$ 13,258.74$ 763,161.27$
2030 199,761.35$ 550,141.18$ 13,523.92$ 763,426.44$
2031 211,587.22$ 538,315.31$ 13,794.39$ 763,696.92$
2032 224,113.18$ 525,789.34$ 14,070.28$ 763,972.81$
2033 237,380.68$ 512,521.84$ 14,351.69$ 764,254.21$
2034 251,433.62$ 498,468.91$ 14,638.72$ 764,541.25$
2035 266,318.49$ 483,584.04$ 14,931.50$ 764,834.02$
2036 282,084.54$ 467,817.98$ 15,230.13$ 765,132.65$
2037 298,783.95$ 451,118.58$ 15,534.73$ 765,437.25$
2038 316,471.96$ 433,430.57$ 15,845.42$ 765,747.95$
2039 335,207.10$ 414,695.43$ 16,162.33$ 766,064.86$
2040 355,051.36$ 394,851.17$ 16,485.58$ 766,388.10$
2041 376,070.40$ 373,832.13$ 16,815.29$ 766,717.82$
2042 398,333.77$ 351,568.76$ 17,151.59$ 767,054.12$
2043 421,915.13$ 327,987.40$ 17,494.63$ 767,397.15$
2044 446,892.50$ 303,010.02$ 17,844.52$ 767,747.05$
2045 473,348.54$ 276,553.99$ 18,201.41$ 768,103.94$
2046 501,370.77$ 248,531.76$ 18,565.44$ 768,467.96$
2047 531,051.92$ 218,850.61$ 18,936.75$ 768,839.27$
2048 562,490.19$ 187,412.33$ 19,315.48$ 769,218.01$
2049 595,789.61$ 154,112.91$ 19,701.79$ 769,604.32$
2050 631,060.36$ 118,842.17$ 20,095.83$ 769,998.35$
2051 668,419.13$ 81,483.39$ 20,497.74$ 770,400.27$
2052 707,989.55$ 41,912.98$ 20,907.70$ 770,810.22$
Total 10,136,000.00$ 11,878,858.30$ 465,850.13$ 22,480,708.43$
Footnotes:
1) Interest is calculated at 7.00% for years 1-5, which is not higher than 5% above the Bond
Buyer Index of 3.92% dated 09/01/2022, as allowed by the PID Act. Interest is calculated at
5.92% each year thereafter, which is 2% above the Bond Buyer Index of 3.92% dated
09/01/2022, as allowed by the PID Act.
2) The figures shown above are estimates only and subject to change in Annual Service Plan
Updates. Changes in Annual Collection Costs, reserve fund requirements, interest earnings,or
other available offsets could increase or decrease the amounts shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
60
Exhibit I-1 – Maps of Improvement Area #1 Improvements
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 61
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 62
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
63
Exhibit I-2 – Maps of Improvement Area #2 Improvements
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
64
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
65
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
66
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
67
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
68
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
69
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
70
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
71
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
72
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
73
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
74
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
75
Exhibit I-3 – Maps of Improvement Area #2A Improvements
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
76
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
77
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
78
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
79
Exhibit J – Form of Notice of PID Assessment Termination
P3Works, LLC
9284 Huntington Square, Suite 100
North Richland Hills, TX 76182
______________________________________________________________________________
[Date]
Collin County Clerk’s Office
Honorable [County Clerk]
Collin County Administration Building
2300 Bloomdale Rd, Suite 2106
McKinney, TX 75071
Re: City of Anna Lien Release documents for filing
Dear Ms./Mr. [County Clerk]
Enclosed is a lien release that the City of Anna is requesting to be filed in your office. Lien release
for [insert legal description]. Recording Numbers: [Plat]. Please forward copies of the filed
documents to my attention:
City of Anna
Attn: City Secretary
120 W. 7th Street
Anna, TX 75409
Please contact me if you have any questions or need additional information.
Sincerely,
[Signature]
P3Works, LLC
(817) 393-0353
Admin@P3-Works.com
www.P3-Works.com
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 80
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
limits of the City; and
WHEREAS, on April 12, 2022 the City Council of the City approved Resolution No.
2022-04-1140 creating the AnaCapri Public Improvement District (the “District”); and
WHEREAS, the District consists of approximately 279.554 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:
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 81
[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
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
84
Exhibit L-1 – District Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 85
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 86
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 87
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 88
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 89
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 90
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 91
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 92
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 93
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 94
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
95
Exhibit L-2 – Improvement Area #1 Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 96
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 97
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 98
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 99
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 100
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 101
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 102
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
103
Exhibit L-3 – Improvement Area #2 Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 104
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 105
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 106
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 107
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 108
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 109
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
110
Exhibit L-4 – Improvement Area #2A Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 111
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 112
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 113
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
114
Exhibit L-5 – Improvement Area #2 - Remainder Property Legal Description
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 115
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 116
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 117
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
118
Appendix A – Engineer’s Report
[Remainder of page left intentionally blank.]
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
119
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
121
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
122
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
123
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
124
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
125
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
126
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
127
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
128
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
129
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
130
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
131
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
132
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
133
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
134
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
135
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
136
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
137
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
138
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
139
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
140
ANACAPRI PUBLIC IMPROVEMENT DISTRICT
AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN
141
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 Remainder Property
o Lot Type 1
o Lot Type 2
Improvement Area #2A
o Improvement Area #2A Initial Parcel
o Lot Type 3
o Lot Type 4
[Remainder of page left intentionally blank.]
ANACAPRI PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT
AREA #1 – INITIAL PARCEL REMAINDER PROPERTY
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING 1 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 REMAINDER PROPERTY PRINCIPAL
ASSESSMENT: $11,502,242.32
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 AnaCapri 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.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF 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.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS §
§
COUNTY OF 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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Collin County.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS – IMPROVEMENT AREA #1 INITIAL PARCEL - REMAINDER
PROPERTY
Annual Installment
Due 1/31 Principal Interest
1
Additional
Interest Reserve Fund
Annual
Collection Costs
Annual
Installment2
2024 200,157.00$ 726,489.86$ -$ -$ 22,119.69$ 948,766.55$
2025 132,307.17$ 816,263.13$ 56,510.43$ -$ 23,068.94$ 1,028,149.67$
2026 141,919.23$ 807,001.63$ 55,848.89$ -$ 23,530.32$ 1,028,300.07$
2027 152,096.70$ 797,067.28$ 55,139.29$ -$ 24,000.93$ 1,028,304.21$
2028 162,839.59$ 786,420.51$ 54,378.81$ -$ 24,480.95$ 1,028,119.86$
2029 174,713.31$ 775,021.74$ 53,564.61$ -$ 24,970.57$ 1,028,270.24$
2030 187,152.45$ 762,791.81$ 52,691.05$ -$ 25,469.98$ 1,028,105.28$
2031 200,722.41$ 749,691.14$ 51,755.28$ -$ 25,979.38$ 1,028,148.21$
2032 215,423.21$ 735,640.57$ 50,751.67$ -$ 26,498.97$ 1,028,314.42$
2033 231,254.84$ 720,560.95$ 49,674.56$ -$ 27,028.95$ 1,028,519.28$
2034 247,651.88$ 704,373.11$ 48,518.28$ -$ 27,569.52$ 1,028,112.79$
2035 265,745.16$ 687,037.48$ 47,280.02$ -$ 28,120.92$ 1,028,183.58$
2036 285,534.70$ 668,435.32$ 45,951.30$ -$ 28,683.33$ 1,028,604.65$
2037 305,889.65$ 648,447.89$ 44,523.62$ -$ 29,257.00$ 1,028,118.16$
2038 328,506.26$ 627,035.61$ 42,994.18$ -$ 29,842.14$ 1,028,378.19$
2039 352,253.70$ 604,040.17$ 41,351.64$ -$ 30,438.98$ 1,028,084.50$
2040 378,262.80$ 579,382.41$ 39,590.38$ -$ 31,047.76$ 1,028,283.35$
2041 405,968.15$ 552,904.02$ 37,699.06$ -$ 31,668.72$ 1,028,239.94$
2042 435,935.15$ 524,486.25$ 35,669.22$ -$ 32,302.09$ 1,028,392.71$
2043 467,598.41$ 493,970.79$ 33,489.54$ -$ 32,948.13$ 1,028,006.87$
2044 503,784.98$ 459,485.41$ 31,151.55$ -$ 33,607.09$ 1,028,029.04$
2045 542,798.63$ 422,331.26$ 28,632.63$ -$ 34,279.24$ 1,028,041.76$
2046 585,204.78$ 382,299.86$ 25,918.63$ -$ 34,964.82$ 1,028,388.10$
2047 630,438.00$ 339,141.02$ 22,992.61$ -$ 35,664.12$ 1,028,235.74$
2048 679,629.12$ 292,646.21$ 19,840.42$ -$ 36,377.40$ 1,028,493.15$
2049 732,212.74$ 242,523.56$ 16,442.28$ -$ 37,104.95$ 1,028,283.52$
2050 789,319.68$ 188,522.88$ 12,781.21$ -$ 37,847.04$ 1,028,470.81$
2051 850,384.53$ 130,310.55$ 8,834.61$ -$ 38,603.98$ 1,028,133.67$
2052 916,538.11$ 67,594.69$ 4,582.69$ (984,132.80)$ 39,376.06$ 43,958.75$
Total 11,502,242.32$ 16,291,917.12$ 1,068,558.48$ (984,132.80)$ 876,851.95$ 28,755,437.07$
Footnotes:
(1) Interest on the Improvement Area #1 Bonds is calculated at a 7.00%, and 7.375% rate for bonds maturing 2042 and 2052,
respectively.
(2) The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection
Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE 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 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 a foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING 1 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: $41,465.16
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 AnaCapri 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.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF 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.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS §
§
COUNTY OF 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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Collin County.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS – LOT TYPE 1
Annual Installment
Due 1/31 Principal Interest
1
Additional
Interest Reserve Fund
Annual Collection
Costs
Annual
Installment2
2024 721.56$ 2,618.97$ -$ -$ 79.74$ 3,420.27$
2025 476.96$ 2,942.60$ 203.72$ -$ 83.16$ 3,706.44$
2026 511.61$ 2,909.21$ 201.33$ -$ 84.83$ 3,706.98$
2027 548.30$ 2,873.40$ 198.78$ -$ 86.52$ 3,707.00$
2028 587.03$ 2,835.02$ 196.03$ -$ 88.25$ 3,706.33$
2029 629.84$ 2,793.92$ 193.10$ -$ 90.02$ 3,706.88$
2030 674.68$ 2,749.84$ 189.95$ -$ 91.82$ 3,706.28$
2031 723.60$ 2,702.61$ 186.58$ -$ 93.65$ 3,706.44$
2032 776.59$ 2,651.96$ 182.96$ -$ 95.53$ 3,707.04$
2033 833.67$ 2,597.60$ 179.07$ -$ 97.44$ 3,707.77$
2034 892.78$ 2,539.24$ 174.91$ -$ 99.39$ 3,706.31$
2035 958.00$ 2,476.74$ 170.44$ -$ 101.37$ 3,706.56$
2036 1,029.34$ 2,409.68$ 165.65$ -$ 103.40$ 3,708.08$
2037 1,102.72$ 2,337.63$ 160.51$ -$ 105.47$ 3,706.33$
2038 1,184.25$ 2,260.44$ 154.99$ -$ 107.58$ 3,707.27$
2039 1,269.86$ 2,177.54$ 149.07$ -$ 109.73$ 3,706.21$
2040 1,363.62$ 2,088.65$ 142.72$ -$ 111.93$ 3,706.92$
2041 1,463.50$ 1,993.20$ 135.90$ -$ 114.16$ 3,706.77$
2042 1,571.53$ 1,890.75$ 128.59$ -$ 116.45$ 3,707.32$
2043 1,685.68$ 1,780.75$ 120.73$ -$ 118.78$ 3,705.93$
2044 1,816.13$ 1,656.43$ 112.30$ -$ 121.15$ 3,706.01$
2045 1,956.77$ 1,522.49$ 103.22$ -$ 123.58$ 3,706.05$
2046 2,109.64$ 1,378.18$ 93.44$ -$ 126.05$ 3,707.30$
2047 2,272.71$ 1,222.59$ 82.89$ -$ 128.57$ 3,706.75$
2048 2,450.04$ 1,054.98$ 71.52$ -$ 131.14$ 3,707.68$
2049 2,639.60$ 874.29$ 59.27$ -$ 133.76$ 3,706.92$
2050 2,845.47$ 679.62$ 46.08$ -$ 136.44$ 3,707.60$
2051 3,065.60$ 469.76$ 31.85$ -$ 139.17$ 3,706.38$
2052 3,304.09$ 243.68$ 16.52$ (3,547.76)$ 141.95$ 158.47$
Total 41,465.16$ 58,731.76$ 3,852.11$ (3,547.76)$ 3,161.02$ 103,662.29$
Footnotes:
(1) Interest onthe Improvement Area #1 Bonds is calculated at a 7.00%, and 7.375% rate for bonds maturing 2042
and 2052, respectively.
(2) The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE 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.
AFTER RECORDING 1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
LOT TYPE 2 PRINCIPAL ASSESSMENT: $46,286.69
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 AnaCapri 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.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF 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.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS §
§
COUNTY OF 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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Collin County.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS – LOT TYPE 2
Annual Installment
Due 1/31 Principal Interest
1
Additional
Interest
Reserve
Fund
Annual Collection
Costs
Annual
Installment2
2024 805.46$ 2,923.50$ -$ -$ 89.01$ 3,817.97$
2025 532.42$ 3,284.76$ 227.41$ -$ 92.83$ 4,137.42$
2026 571.10$ 3,247.49$ 224.74$ -$ 94.69$ 4,138.03$
2027 612.06$ 3,207.51$ 221.89$ -$ 96.58$ 4,138.05$
2028 655.29$ 3,164.67$ 218.83$ -$ 98.51$ 4,137.30$
2029 703.07$ 3,118.80$ 215.55$ -$ 100.49$ 4,137.91$
2030 753.13$ 3,069.58$ 212.04$ -$ 102.49$ 4,137.24$
2031 807.74$ 3,016.87$ 208.27$ -$ 104.54$ 4,137.42$
2032 866.89$ 2,960.32$ 204.23$ -$ 106.64$ 4,138.09$
2033 930.60$ 2,899.64$ 199.90$ -$ 108.77$ 4,138.91$
2034 996.59$ 2,834.50$ 195.24$ -$ 110.94$ 4,137.27$
2035 1,069.40$ 2,764.74$ 190.26$ -$ 113.16$ 4,137.56$
2036 1,149.03$ 2,689.88$ 184.91$ -$ 115.43$ 4,139.25$
2037 1,230.94$ 2,609.45$ 179.17$ -$ 117.73$ 4,137.30$
2038 1,321.96$ 2,523.28$ 173.01$ -$ 120.09$ 4,138.34$
2039 1,417.52$ 2,430.75$ 166.41$ -$ 122.49$ 4,137.16$
2040 1,522.18$ 2,331.52$ 159.32$ -$ 124.94$ 4,137.96$
2041 1,633.67$ 2,224.97$ 151.71$ -$ 127.44$ 4,137.79$
2042 1,754.27$ 2,110.61$ 143.54$ -$ 129.99$ 4,138.40$
2043 1,881.68$ 1,987.81$ 134.77$ -$ 132.59$ 4,136.85$
2044 2,027.30$ 1,849.04$ 125.36$ -$ 135.24$ 4,136.94$
2045 2,184.30$ 1,699.52$ 115.22$ -$ 137.94$ 4,136.99$
2046 2,354.95$ 1,538.43$ 104.30$ -$ 140.70$ 4,138.38$
2047 2,536.97$ 1,364.75$ 92.53$ -$ 143.52$ 4,137.77$
2048 2,734.93$ 1,177.65$ 79.84$ -$ 146.39$ 4,138.81$
2049 2,946.53$ 975.95$ 66.17$ -$ 149.32$ 4,137.96$
2050 3,176.34$ 758.64$ 51.43$ -$ 152.30$ 4,138.72$
2051 3,422.07$ 524.39$ 35.55$ -$ 155.35$ 4,137.36$
2052 3,688.28$ 272.01$ 18.44$ (3,960.29)$ 158.45$ 176.90$
Total 46,286.69$ 65,561.03$ 4,300.03$ (3,960.29)$ 3,528.58$ 115,716.04$
Footnotes:
(1) Interest on the Improvement Area #1 Bonds is calculated at a 7.00%, and 7.375% rate for bonds maturing
2042 and 2052, respectively.
(2) The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes
in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could
increase or decrease the amounts shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT
AREA #2A – 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.
AFTER RECORDING 1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
IMPROVEMENT AREA #2A INITIAL PARCEL PRINCIPAL ASSESSMENT:
$10,136,000.00
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 AnaCapri 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.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF 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.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS §
§
COUNTY OF 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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Collin County.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS – IMPROVEMENT AREA#2A INITIAL PARCEL
Annual Installment
Due 1/31 Principal Interest
1
Annual
Collection Costs
Annual
Installment2
2024 107,303.79$ 709,520.00$ 12,008.85$ 828,832.64$
2025 114,815.05$ 702,008.74$ 12,249.03$ 829,072.81$
2026 122,852.10$ 693,971.68$ 12,494.01$ 829,317.79$
2027 131,451.75$ 685,372.03$ 12,743.89$ 829,567.67$
2028 178,055.55$ 571,846.98$ 12,998.77$ 762,901.29$
2029 188,596.44$ 561,306.09$ 13,258.74$ 763,161.27$
2030 199,761.35$ 550,141.18$ 13,523.92$ 763,426.44$
2031 211,587.22$ 538,315.31$ 13,794.39$ 763,696.92$
2032 224,113.18$ 525,789.34$ 14,070.28$ 763,972.81$
2033 237,380.68$ 512,521.84$ 14,351.69$ 764,254.21$
2034 251,433.62$ 498,468.91$ 14,638.72$ 764,541.25$
2035 266,318.49$ 483,584.04$ 14,931.50$ 764,834.02$
2036 282,084.54$ 467,817.98$ 15,230.13$ 765,132.65$
2037 298,783.95$ 451,118.58$ 15,534.73$ 765,437.25$
2038 316,471.96$ 433,430.57$ 15,845.42$ 765,747.95$
2039 335,207.10$ 414,695.43$ 16,162.33$ 766,064.86$
2040 355,051.36$ 394,851.17$ 16,485.58$ 766,388.10$
2041 376,070.40$ 373,832.13$ 16,815.29$ 766,717.82$
2042 398,333.77$ 351,568.76$ 17,151.59$ 767,054.12$
2043 421,915.13$ 327,987.40$ 17,494.63$ 767,397.15$
2044 446,892.50$ 303,010.02$ 17,844.52$ 767,747.05$
2045 473,348.54$ 276,553.99$ 18,201.41$ 768,103.94$
2046 501,370.77$ 248,531.76$ 18,565.44$ 768,467.96$
2047 531,051.92$ 218,850.61$ 18,936.75$ 768,839.27$
2048 562,490.19$ 187,412.33$ 19,315.48$ 769,218.01$
2049 595,789.61$ 154,112.91$ 19,701.79$ 769,604.32$
2050 631,060.36$ 118,842.17$ 20,095.83$ 769,998.35$
2051 668,419.13$ 81,483.39$ 20,497.74$ 770,400.27$
2052 707,989.55$ 41,912.98$ 20,907.70$ 770,810.22$
Total 10,136,000.00$ 11,878,858.30$ 465,850.13$ 22,480,708.43$
Footnotes:
1) Interest is calculated at 7.00% for years 1-5, which is not higher than 5% above the Bond
Buyer Index of 3.92% dated 09/01/2022, as allowed by the PID Act. Interest is calculated at
5.92% each year thereafter, which is 2% above the Bond Buyer Index of 3.92% dated
09/01/2022, as allowed by the PID Act.
2) The figures shown above are estimates only and subject to change in Annual Service Plan
Updates. Changes in Annual Collection Costs, reserve fund requirements, interest earnings,or
other available offsets could increase or decrease the amounts shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 3
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING 1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
LOT TYPE 3 PRINCIPAL ASSESSMENT: $39,909.17
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 AnaCapri 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.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF 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.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS §
§
COUNTY OF 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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Collin County.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS – LOT TYPE 3
Annual Installment
Due 1/31 Principal Interest
1
Annual Collection
Costs
Annual
Installment2
2024 422.49$ 2,793.64$ 47.28$ 3,263.42$
2025 452.07$ 2,764.07$ 48.23$ 3,264.37$
2026 483.71$ 2,732.42$ 49.19$ 3,265.33$
2027 517.57$ 2,698.56$ 50.18$ 3,266.31$
2028 701.07$ 2,251.57$ 51.18$ 3,003.82$
2029 742.57$ 2,210.07$ 52.20$ 3,004.85$
2030 786.53$ 2,166.11$ 53.25$ 3,005.89$
2031 833.10$ 2,119.55$ 54.31$ 3,006.96$
2032 882.42$ 2,070.23$ 55.40$ 3,008.04$
2033 934.66$ 2,017.99$ 56.51$ 3,009.15$
2034 989.99$ 1,962.66$ 57.64$ 3,010.28$
2035 1,048.59$ 1,904.05$ 58.79$ 3,011.43$
2036 1,110.67$ 1,841.97$ 59.97$ 3,012.61$
2037 1,176.42$ 1,776.22$ 61.17$ 3,013.81$
2038 1,246.07$ 1,706.58$ 62.39$ 3,015.03$
2039 1,319.83$ 1,632.81$ 63.64$ 3,016.28$
2040 1,397.97$ 1,554.67$ 64.91$ 3,017.55$
2041 1,480.73$ 1,471.91$ 66.21$ 3,018.85$
2042 1,568.39$ 1,384.26$ 67.53$ 3,020.17$
2043 1,661.24$ 1,291.41$ 68.88$ 3,021.53$
2044 1,759.58$ 1,193.06$ 70.26$ 3,022.90$
2045 1,863.75$ 1,088.89$ 71.67$ 3,024.31$
2046 1,974.08$ 978.56$ 73.10$ 3,025.74$
2047 2,090.95$ 861.70$ 74.56$ 3,027.20$
2048 2,214.73$ 737.91$ 76.05$ 3,028.69$
2049 2,345.84$ 606.80$ 77.57$ 3,030.22$
2050 2,484.72$ 467.93$ 79.12$ 3,031.77$
2051 2,631.81$ 320.83$ 80.71$ 3,033.35$
2052 2,787.62$ 165.03$ 82.32$ 3,034.96$
Total 39,909.17$ 46,771.44$ 1,834.22$ 88,514.83$
Footnotes:
1) Interest is calculated at 7.00% for years 1-5, which is not higher than 5% above the
Bond Buyer Index of 3.92% dated 09/01/2022, as allowed by the PID Act. Interest is
calculated at 5.92% each year thereafter, which is 2% above the Bond Buyer Index of
3.92% dated 09/01/2022, as allowed by the PID Act.
2) The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Annual Collection Costs, reserve fund requirements,
interest earnings, or other available offsets could increase or decrease the amounts
shown.
ANACAPRI PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 4
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING 1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
LOT TYPE 4 PRINCIPAL ASSESSMENT: $44,549.77
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 AnaCapri 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.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser before
the effective date of a binding contract for the purchase of the real property at the address described
above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance
with Section 5.014(a-1), Tex. Prop. Code.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date of
a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current information
required by Section 5.0143, Texas Property Code, as amended.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS §
§
COUNTY OF 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.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS §
§
COUNTY OF 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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing
of the purchase and sale and to be recorded in the deed records of Collin County.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS – LOT TYPE 4
Annual Installment
Due 1/31 Principal Interest
1
Annual Collection
Costs
Annual
Installment2
2024 471.62$ 3,118.48$ 52.78$ 3,642.89$
2025 504.64$ 3,085.47$ 53.84$ 3,643.94$
2026 539.96$ 3,050.15$ 54.91$ 3,645.02$
2027 577.76$ 3,012.35$ 56.01$ 3,646.12$
2028 782.59$ 2,513.38$ 57.13$ 3,353.11$
2029 828.92$ 2,467.05$ 58.27$ 3,354.25$
2030 877.99$ 2,417.98$ 59.44$ 3,355.41$
2031 929.97$ 2,366.00$ 60.63$ 3,356.60$
2032 985.02$ 2,310.95$ 61.84$ 3,357.81$
2033 1,043.34$ 2,252.64$ 63.08$ 3,359.05$
2034 1,105.10$ 2,190.87$ 64.34$ 3,360.31$
2035 1,170.52$ 2,125.45$ 65.63$ 3,361.60$
2036 1,239.82$ 2,056.15$ 66.94$ 3,362.91$
2037 1,313.22$ 1,982.76$ 68.28$ 3,364.25$
2038 1,390.96$ 1,905.01$ 69.64$ 3,365.62$
2039 1,473.30$ 1,822.67$ 71.04$ 3,367.01$
2040 1,560.52$ 1,735.45$ 72.46$ 3,368.43$
2041 1,652.91$ 1,643.07$ 73.91$ 3,369.88$
2042 1,750.76$ 1,545.22$ 75.38$ 3,371.36$
2043 1,854.40$ 1,441.57$ 76.89$ 3,372.87$
2044 1,964.18$ 1,331.79$ 78.43$ 3,374.40$
2045 2,080.46$ 1,215.51$ 80.00$ 3,375.97$
2046 2,203.63$ 1,092.35$ 81.60$ 3,377.57$
2047 2,334.08$ 961.89$ 83.23$ 3,379.20$
2048 2,472.26$ 823.72$ 84.90$ 3,380.87$
2049 2,618.62$ 677.36$ 86.59$ 3,382.57$
2050 2,773.64$ 522.34$ 88.33$ 3,384.30$
2051 2,937.84$ 358.14$ 90.09$ 3,386.06$
2052 3,111.76$ 184.22$ 91.89$ 3,387.87$
Total 44,549.77$ 52,209.98$ 2,047.51$ 98,807.25$
Footnotes:
1) Interest is calculated at 7.00% for years 1-5, which is not higher than 5% above the
Bond Buyer Index of 3.92% dated 09/01/2022, as allowed by the PID Act. Interest is
calculated at 5.92% each year thereafter, which is 2% above the Bond Buyer Index of
3.92% dated 09/01/2022, as allowed by the PID Act.
2) The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Annual Collection Costs, reserve fund requirements,
interest earnings, or other available offsets could increase or decrease the amounts
shown.