HomeMy WebLinkAboutRes 2024-08-1657 Approving a Preliminary Service Plan and Assessment for The Woods at Lindsey Place PID Area No. 2 - Setting a Public HearingTHE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 0
AUSTIN, TX | NORTH RICHLAND HILLS, TX | HOUSTON, TX
The Woods at Lindsey Place
Public Improvement District
2024 PRELIMINARY AMENDED & RESTATED SERVICE AND
ASSESSMENT PLAN
AUGUST 13, 2024
EXHIBIT A
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 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 ................................................................................................................. 16
Section III: Authorized Improvements ......................................................................................... 16
Section IV: Service Plan ............................................................................................................... 23
Section V: Assessment Plan ......................................................................................................... 23
Section VI: Terms of the Assessments ......................................................................................... 30
Section VII: Assessment Roll ....................................................................................................... 36
Section VIII: Additional Provisions ............................................................................................... 37
Section IX: Additional Updates .................................................................................................... 39
Exhibits ........................................................................................................................................ 42
Appendices ................................................................................................................................. 43
Exhibit A-1 – Map of the District ................................................................................................. 44
Exhibit A-2 – Map of Improvement Area #1, Improvement Area #2 & Remainder Area ............. 45
Exhibit A-3 – Final Plat of Improvement Area #1 ........................................................................ 46
Exhibit A-4 – Preliminary Plat of Improvement Area #2-A .......................................................... 50
Exhibit A-5 – Preliminary Plat of Improvement Area #2-B .......................................................... 52
Exhibit A-6 – Lot Type Classification Map .................................................................................... 54
Exhibit B-1 – Project Costs .......................................................................................................... 57
Exhibit B-2 – Major Improvements Apportionment of Costs ...................................................... 58
Exhibit B-3 – Improvement Area #2 Allocation of Costs .............................................................. 59
Exhibit C – Service Plan ............................................................................................................... 60
Exhibit D – Sources and Uses of Funds ........................................................................................ 61
Exhibit E – Maximum Assessment and Tax Rate Equivalent ........................................................ 62
Exhibit F-1 – Improvement Area #1 Assessment Roll .................................................................. 63
Exhibit F-2 – Improvement Area #1 Annual Installment .............................................................. 69
Exhibit G-1 – Improvement Area #2-A Assessment Roll .............................................................. 70
Exhibit G-2 – Projected Improvement Area #2-A Annual Installment ......................................... 71
Exhibit G-3 – Improvement Area #2-B Assessment Roll .............................................................. 72
Exhibit G-4 – Projected Improvement Area #2-B Annual Installment ......................................... 73
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 2
Exhibit H-1 – Maps of Major Improvements ............................................................................... 74
Exhibit H-2 – Maps of Improvement Area #1 Improvements ...................................................... 78
Exhibit H-3 – Maps of Improvement Area #2 Improvements, Improvement Area #2-A
Improvements, and Improvement Area #2-B Improvements ..................................................... 82
Exhibit I – Form of Notice of Assessment Termination ............................................................... 85
Exhibit J – Debt Service Schedule for Improvement Area #1 Bonds ............................................ 88
Exhibit L-1 – District Legal Description ........................................................................................ 89
Exhibit L-2 – Improvement Area #1 Legal Description ................................................................ 93
Exhibit L-3 – Improvement Area #2-A Legal Description ............................................................. 97
Exhibit L-4 – Improvement Area #2-B Legal Description ............................................................. 99
Exhibit L-5 – Remainder Area Legal Description ........................................................................ 104
Appendix A – Improvement Area #2 Invoice Summary Table ................................................... 105
Appendix B – Buyer Disclosures ................................................................................................ 107
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#1 Lot Type 1 ............................................................................................................................. 108
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#1 Lot Type 2 ............................................................................................................................. 114
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#2-A Initial Parcel ...................................................................................................................... 120
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#2-A Lot Type 3 ......................................................................................................................... 126
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#2-B Initial Parcel ...................................................................................................................... 132
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#2-B Lot Type 4 ......................................................................................................................... 138
The Woods at Lindsey Place Public Improvement District Buyer Disclosure Improvement Area
#2-B Lot Type 5 ......................................................................................................................... 144
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 3
INTRODUCTION
Capitalized terms used in this 2024 Amended and Restated Service and Assessment Plan shall
have the meanings given to them in Section I unless otherwise defined in this 2024 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”, “Exhibit”, or
an “Appendix” shall be a reference to a Section of this 2024 Amended and Restated Service and
Assessment Plan or an Exhibit or Appendix attached to and made a part of this 2024 Amended
and Restated Service and Assessment Plan for all purposes.
On February 14, 2023, the City Council passed and approved Resolution No. 2023-02-1379
authorizing the establishment of the District in accordance with the PID Act, which authorization
was effective upon publication as required by the PID Act. The purpose of the District is to finance
the Actual Costs of Authorized Improvements that confer a special benefit on approximately
198.006 acres located within the corporate limits of the City, as described by the legal description
on Exhibit L-1 and depicted on Exhibit A-1.
On March 14, 2023, the City Council approved the Original Service and Assessment Plan and
levied the Improvement Area #1 Assessments to finance the Improvement Area #1 Projects to
be constructed for the benefit of the Improvement Area #1 Assessed Property within the District
by approving Ordinance No. 1036-2023-03. The Original Service and Assessment Plan identified
the Improvement Area #1 Authorized Improvements to be provided by the District, the costs of
the Improvement Area #1 Authorized Improvements, the indebtedness to be incurred for the
Improvement Area #1 Authorized Improvements, and the manner of assessing the property in
the District for the costs of the Improvement Area #1 Authorized Improvements. The City also
adopted an Assessment Roll for Improvement Area #1, identifying the Assessment on each Lot
Type within Improvement Area #1, based on the method of assessment identified in the Original
Service and Assessment Plan.
On September 12, 2023, the City Council approved the 2023 Amended and Restated Service and
Assessment Plan which served to amend and restate the Original 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.
This 2024 Amended and Restated Service and Assessment Plan serves to amend and restate the
2023 Amended and Restated Service and Assessment Plan in its entirety for the purposes of (1)
identifying the Improvement Area #2 Authorized Improvements to be provided by the District;
(2) identifying the costs of the Improvement Area #2 Authorized Improvements (3) identifying
the indebtedness to be incurred for the Improvement Area #2-A Authorized Improvements, and
the manner of assessing the Improvement Area #2-A Assessed Property for the costs of the
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 4
Improvement Area #2-A Authorized Improvements; (4) identifying the indebtedness to be
incurred for the Improvement Area #2-B Authorized Improvements, and the manner of assessing
the Improvement Area #2-B Assessed Property for the costs of the Improvement Area #2-B
Authorized Improvements; (5) levying the Improvement Area #2-A Assessments for
Improvement Area #2-A Assessed Property; (6) levying the Improvement Area #2-B Assessments
for Improvement Area #2-B Assessed Property; (7) updating the Improvement Area #1
Assessment Roll; (8) approving the Improvement Area #2-A Assessment Roll; and (9) approving
the Improvement Area #2-B Assessment Roll.
The PID Act requires a Service Plan must (i) cover a period of at least five years; (ii) define the
annual indebtedness and projected cost of the Authorized Improvements; and (iii) include a copy
of the notice form required by Section 5.014 of the Texas Property Code, as amended. The Service
Plan is contained in Section IV and the notice form is attached as Appendix B.
The PID Act requires that the Service Plan include an Assessment Plan that assesses the Actual
Costs of the Authorized Improvements against the Assessed Property within the District based
on the special benefits conferred on such property by the Authorized Improvements. The
Assessment Plan is contained in Section V.
The PID Act requires an Assessment Roll that states the Assessment against each Parcel as
determined by the method chosen by the City Council. The Assessment against each Parcel of
Assessed Property must be sufficient to pay the share of the Actual Costs of the Authorized
Improvements apportioned to such Parcel and cannot exceed the special benefit conferred on
the Parcel by such Authorized Improvements. The Improvement Area #1 Assessment Roll is
included as Exhibit F-1. The Improvement Area #2-A Assessment Roll is included as Exhibit G-1.
The Improvement Area #2-B Assessment Roll is included as Exhibit G-3.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 5
SECTION I: DEFINITIONS
“2023 Amended and Restated Service and Assessment Plan” means The Woods at Lindsey Place
Public Improvement District Amended and Restated Service and Assessment Plan which is to
replace in its entirety the Original Service and Assessment Plan.
“2023 Assessment Ordinance” means Ordinance No. 1036-2023-03 approved and adopted by
the City Council on March 14, 2023, which levied the Improvement Area #1 Assessment against
Improvement Area #1, and approved the Original Service and Assessment Plan.
“2024 Amended and Restated Service and Assessment Plan” means this The Woods at Lindsey
Place Public Improvement District Amended and Restated Service and Assessment Plan which is
to replace in its entirety the 2023 Amended and Restated Service and Assessment Plan.
“2024 Assessment Ordinance” means Ordinance No. ___________ approved and adopted by
the City Council on August 27, 2024, which levied the Improvement Area #2-A Assessment against
Improvement Area #2-A, levied the Improvement Area #2-B Assessment against Improvement
Area #2-B, and approved this 2024 Amended and Restated Service and Assessment Plan.
“Actual Costs” mean with respect to Authorized Improvements, the actual costs of constructing
or acquiring such Authorized Improvements, paid by or on behalf of the Developer (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 services, such as engineering, geotechnical, surveying, land planning, architectural
landscapers, appraisals, legal, accounting, and similar professional services; (4) the costs for all
labor, bonds, and materials, including equipment and fixtures, by contractors, builders, and
materialmen engaged in connection with the acquisition, construction, or implementation of the
Authorized Improvements; (5) all related permitting and public approval expenses, architectural,
engineering, consulting, 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. The Additional
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 6
Interest Rate is not charged on Assessments securing the Improvement Area #2-A
Reimbursement Obligation or Improvement Area #2-B Reimbursement Obligation.
“Administrator” means the City or independent firm designated by the City who shall have the
responsibilities provided in this 2024 Amended and Restated Service and Assessment Plan, any
Indenture, or any other agreement or document approved by the City related to the duties and
responsibilities of the administration of the District. The initial Administrator is P3Works, LLC.
“Annual Collection Costs” mean the actual or budgeted costs and expenses related to the
operation of the District, including, but not limited to, costs and expenses for: (1) the
Administrator; (2) City staff; (3) legal counsel, engineers, accountants, financial advisors, and
other consultants engaged by the City; (4) calculating, collecting, and maintaining records with
respect to Assessments and Annual Installments; (5) preparing and maintaining records with
respect to Assessment Rolls and Annual Service Plan Updates; (6) paying and redeeming PID
Bonds; (7) investing or depositing Assessments and Annual Installments; (8) complying with this
2024 Amended and Restated Service and Assessment Plan, the PID Act, and any Indenture, 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) the principal amount of
any Assessment; (2) the interest associated with any Assessment; (3) Additional Interest related
to the PID Bonds, if applicable; and (4) Annual Collection Costs.
“Annual Service Plan Update” means an update to this 2024 Amended and Restated Service and
Assessment Plan prepared no less frequently than annually by the Administrator and approved
by the City Council.
“Apportioned Property” means any Parcel within the District against which the costs of the
Authorized Improvements are apportioned based on special conferred benefit and against which
an Assessment is anticipated to be levied, but not yet levied.
“Apportionment of Costs” means an amount allocated by this 2024 Amended and Restated
Service and Assessment Plan to a Parcel within the District for Actual Costs of Authorized
Improvements, other than Non-Benefited Property and Non-Assessed Property, subject to a
future levy of Assessments by the City, as shown on Exhibit B-2, 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.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 7
“Assessment” means an assessment levied against Assessed Property, other than Non-Benefited
Property and Non-Assessed Property, to pay the costs of certain Authorized Improvements as
specified herein, which Assessment is imposed pursuant to an Assessment Ordinance and the
provisions herein, as shown on an Assessment Roll, and is subject to reallocation upon the
subdivision of such Assessed Property 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 the Assessed Property, as shown on any Assessment
Roll.
“Assessment Plan” means the methodology employed to assess the Actual Costs of the
Authorized Improvements against the Assessed Property based on the special benefits conferred
on such property by the Authorized Improvements, more specifically set forth and described in
Section V.
“Assessment Roll” means any assessment roll for the Assessed Property, including the
Improvement Area #1 Assessment Roll, the Improvement Area #2-A Assessment Roll, and the
Improvement Area #2-B Assessment Roll, as updated, modified or amended from time to time in
accordance with the procedures set forth herein and in the PID Act, including updates prepared
in connection with the issuance of PID Bonds, if issued, or any Annual Service Plan Update.
“Authorized Improvements” means the improvements authorized by Section 372.003 of the PID
Act, as depicted on Exhibit H-1, Exhibit H-2, and Exhibit H-3, and described in Section III.
“Bond Issuance Costs” means the costs associated with issuing PID Bonds, including but not
limited to attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs,
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 2024 Amended and Restated Service and Assessment Plan
including penalties and reasonable attorney’s fees actually paid, but excluding amounts
representing interest and penalty interest.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 8
“Developer” means D.R. Horton – Texas, LTD., a Texas limited partnership, and any successors
or assignees thereof that intends to develop the property in the District for the ultimate purpose
of transferring title to end-users.
“District” means The Woods at Lindsey Place Public Improvement District containing
approximately 198.006 acres located within the corporate limits of the City, and more specifically
described in Exhibit L-1 and depicted on Exhibit A-1.
“District Formation Costs” means the costs associated with forming the District, including, but
not limited to, attorney fees, and any other cost or expense incurred by the City or Developer
directly associated with the establishment of the District.
“Engineer’s Report” means a report provided by a licensed professional engineer that identifies
the Authorized Improvements, including their costs, location, and benefit, and is attached hereto
as Appendix A.
“Estimated Buildout Value” means the estimated value of an Assessed Property or Apportioned
Property, as applicable, 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 57.444 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) Additional Interest related to Improvement Area #1 Bonds;
and (4) Annual Collection Costs, as shown on Exhibit F-2.
“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 Improvement Area #1
Assessed Property to pay the Actual Costs of the Improvement Area #1 Authorized
Improvements, which Improvement Area #1 Assessment is imposed pursuant to the 2023
Assessment Ordinance and the provisions herein, as shown on the Improvement Area #1
Assessment Roll, and is subject to reallocation upon the subdivision of such Parcel or reduction
pursuant to the provisions set forth in Section VI herein and in the PID Act.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 9
“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 2024 Amended and Restated Service and Assessment Plan as
Exhibit F-1.
“Improvement Area #1 Authorized Improvements” means, collectively, (1) the Improvement
Area #1 Projects; (2) Bond Issuance Costs associated with the issuance of the Improvement Area
#1 Bonds; and (3) the first year’s Annual Collection Costs related to the Improvement Area #1
Bonds.
“Improvement Area #1 Bonds” means those certain “City of Anna, Texas Special Assessment
Revenue Bonds, Series 2023 (The Woods at Lindsey Place Public Improvement District
Improvement Area #1 Projects)” that are secured by Improvement Area #1 Assessments.
“Improvement Area #1 Improvements” means the Authorized Improvements which only benefit
the Improvement Area #1 Assessed Property, as further described in Section III.B and depicted
on Exhibit H-2.
“Improvement Area #1 Initial Parcel” means all of the Improvement Area #1 Assessed Property
against which the entire Improvement Area #1 Assessment was levied at the time of the City
Council approved the 2023 Assessment Ordinance.
“Improvement Area #1 Projects” means, collectively (1) the pro rata portion of the Major
Improvements allocable to Improvement Area #1; and (2) the Improvement Area #1
Improvements.
“Improvement Area #2” means approximately 53.8 acres located within the District, as more
specifically depicted on Exhibit A-2. Improvement Area #2 is comprised of Improvement Area #2-
A, as more specifically described in Exhibit L-3, and Improvement Area #2-B, as more specifically
described in Exhibit L-4.
“Improvement Area #2 Authorized Improvements” means, collectively, (1) the Improvement
Area #2-A Authorized Improvements; and (2) the Improvement Area #2-B Authorized
Improvements.
“Improvement Area #2 Bonds” means one or more series of PID Bonds expected to be issued in
calendar year 2024, and secured by Improvement Area #2-A Assessments and Improvement Area
#2-B Assessments.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 10
“Improvement Area #2 Improvements” mean those Authorized Improvements that confer a
special benefit to all of the Improvement Area #2-A Assessed Property and Improvement Area
#2-B Assessed Property, as further described in Section III.C and depicted on Exhibit H-3.
“Improvement Area #2 Projects” means, collectively, (1) the Improvement Area #2-A Projects;
and (2) the Improvement Area #2-B Projects.
“Improvement Area #2-A” means approximately 29.229 acres located within Improvement Area
#2 of the District, as more specifically described in Exhibit L-3, and depicted on Exhibit A-4.
“Improvement Area #2-A Annual Installment” means the Annual Installment of the
Improvement Area #2-A Assessment as calculated by the Administrator and approved by the City
Council, that includes: (1) principal; (2) interest; (3) Additional Interest, if applicable; and (4)
Annual Collection Costs related to Improvement Area #2-A. Additional Interest is not charged on
the Assessments which secure the Improvement Area #2-A Reimbursement Obligation, but will
be included in the event Improvement Area #2 Bonds are issued.
“Improvement Area #2-A Assessed Property” means any Parcel within Improvement Area #2-A
against which an Improvement Area #2-A Assessment is levied.
“Improvement Area #2-A Assessment” means an Assessment expected to be levied against
Improvement Area #2-A Assessed Property to pay the Actual Costs of the Improvement Area #2-
A Authorized Improvements, which Improvement Area #2-A Assessment is imposed pursuant to
an Assessment Ordinance and the provisions herein, as shown on the Improvement Area #2-A
Assessment Roll, and is subject to reallocation upon the subdivision of such Parcel or reduction
pursuant to the provisions set forth in Section VI herein and in the PID Act.
“Improvement Area #2-A Assessment Roll” means the Assessment Roll for the Improvement
Area #2-A Assessed Property, as updated, modified or amended from time to time in accordance
with the procedures set forth herein and in the PID Act, including any updates prepared in
connection with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement
Area #2-A Assessment Roll is included in this 2024 Amended and Restated Service and
Assessment Plan as Exhibit G-1.
“Improvement Area #2-A Authorized Improvements” means, collectively, (1) the Improvement
Area #2-A Projects; (2) Bond Issuance Costs associated with the issuance of the Improvement
Area #2 Bonds allocable to Improvement Area #2-A; and (3) the first year’s Annual Collection
Costs related to the Improvement Area #2 Bonds, if issued, allocable to Improvement Area #2-A.
“Improvement Area #2-A Improvements” means the Authorized Improvements that confer a
special benefit to all the Improvement Area #2-A Assessed Property, as further described in
Section III.D and depicted on Exhibit H-3.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 11
“Improvement Area #2-A Initial Parcel” means all of the Improvement Area #2-A Assessed
Property against which the entire Improvement Area #2-A Assessment is levied, as shown on the
Improvement Area #2-A Assessment Roll.
“Improvement Area #2-A Projects” means, collectively, (1) the pro rata portion of the Major
Improvements allocable to Improvement Area #2-A; (2) the pro rata portion of the Improvement
Area #2 Improvements allocable to Improvement Area #2-A; and (3) the Improvement Area #2-
A Improvements.
“Improvement Area #2-A Reimbursement Agreement” means that certain “The Woods at
Lindsey Place Public Improvement District Improvement Area #2-A Reimbursement Agreement”
or similar agreement, entered into by and between the City and the Developer, either directly or
through affiliates, in which the Developer agrees to construct the Improvement Area #2-A
Projects and to fund certain Actual Costs of the Improvement Area #2-A Projects and the City
agrees to (i) pay directly or reimburse the Developer for Actual Costs of Improvement Area #2-A
Projects from the proceeds of Improvement Area #2 Bonds, if issued, in accordance with the PID
Act, this 2024 Amended and Restated Service and Assessment Plan and the applicable Indenture,
and/or (ii) reimburse the Developer for certain Actual Costs of Improvement Area #2-A Projects
not paid by proceeds of Improvement Area #2 Bonds solely from the revenue collected from
Improvement Area #2-A Assessment, including Improvement Area #2-A Annual Installments, but
subordinate to any lien on the Improvement Area #2-A Assessment pledged to the payment of
Improvement Area #2 Bonds.
“Improvement Area #2-A Reimbursement Obligation” means an amount not to exceed
$1,807,000.00 secured by the Improvement Area #2-A Assessment to be paid to the Developer
pursuant to the Improvement Area #2-A Reimbursement Agreement. The projected
Improvement Area #2-A Annual Installments for the Improvement Area #2-A Reimbursement
Obligation are shown on Exhibit G-2.
“Improvement Area #2-B” means approximately 27.474 acres located within Improvement Area
#2 of the District, as more specifically described in Exhibit L-4, and depicted on Exhibit A-5.
“Improvement Area #2-B Annual Installment” means the Annual Installment of the
Improvement Area #2-B Assessment as calculated by the Administrator and approved by the City
Council, that includes: (1) principal; (2) interest; (3) Additional Interest, if applicable; and (4)
Annual Collection Costs related to Improvement Area #2-B. Additional Interest is not charged on
the Assessments which secure the Improvement Area #2-B Reimbursement Obligation, but will
be included in the event Improvement Area #2 Bonds are issued.
“Improvement Area #2-B Assessed Property” means any Parcel within Improvement Area #2-B
against which an Improvement Area #2-B Assessment is levied.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 12
“Improvement Area #2-B Assessment” means an Assessment expected to be levied against
Improvement Area #2-B Assessed Property to pay the Actual Costs of the Improvement Area #2-
B Authorized Improvements, which Improvement Area #2-B Assessment is imposed pursuant to
an Assessment Ordinance and the provisions herein, as shown on the Improvement Area #2-B
Assessment Roll, and is subject to reallocation upon the subdivision of such Parcel or reduction
pursuant to the provisions set forth in Section VI herein and in the PID Act.
“Improvement Area #2-B Assessment Roll” means the Assessment Roll for the Improvement
Area #2-B Assessed Property, as updated, modified or amended from time to time in accordance
with the procedures set forth herein and in the PID Act, including any updates prepared in
connection with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement
Area #2-B Assessment Roll is included in this 2024 Amended and Restated Service and
Assessment Plan as Exhibit G-3.
“Improvement Area #2-B Authorized Improvements” means, collectively, (1) the Improvement
Area #2-B Projects; (2) Bond Issuance Costs associated with the issuance of the Improvement
Area #2 Bonds allocable to Improvement Area #2-B; and (3) the first year’s Annual Collection
Costs related to the Improvement Area #2 Bonds, if issued, allocable to Improvement Area #2-B.
“Improvement Area #2-B Improvements” means the Authorized Improvements that confer a
special benefit to all the Improvement Area #2-B Assessed Property, as further described in
Section III.E and depicted on Exhibit H-3.
“Improvement Area #2-B Initial Parcel” means all of the Improvement Area #2-B Assessed
Property against which the entire Improvement Area #2-B Assessment is levied, as shown on the
Improvement Area #2-B Assessment Roll.
“Improvement Area #2-B Projects” means, collectively, (1) the pro rata portion of the Major
Improvements allocable to Improvement Area #2-B; (2) the pro rata portion of the Improvement
Area #2 Improvements allocable to Improvement Area #2-B; and (3) the Improvement Area #2-B
Improvements.
“Improvement Area #2-B Reimbursement Agreement” means that certain “The Woods at
Lindsey Place Public Improvement District Improvement Area #2-B Reimbursement Agreement”
or similar agreement, entered into by and between the City and the Developer, either directly or
through affiliates, in which the Developer agrees to construct the Improvement Area #2-B
Projects and to fund certain Actual Costs of the Improvement Area #2-B Projects and the City
agrees to (i) pay directly or reimburse the Developer for Actual Costs of Improvement Area #2-B
Projects from the proceeds of Improvement Area #2 Bonds, if issued, in accordance with the PID
Act, this 2024 Amended and Restated Service and Assessment Plan and the applicable Indenture,
and/or (ii) reimburse the Developer for certain Actual Costs of Improvement Area #2-B Projects
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 13
not paid by proceeds of Improvement Area #2 Bonds solely from the revenue collected from
Improvement Area #2-B Assessment, including Improvement Area #2-B Annual Installments, but
subordinate to any lien on the Improvement Area #2-B Assessment pledged to the payment of
Improvement Area #2 Bonds.
“Improvement Area #2-B Reimbursement Obligation” means an amount not to exceed
$4,040,000.00 secured by the Improvement Area #2-B Assessment to be paid to the Developer
pursuant to the Improvement Area #2-B Reimbursement Agreement. The projected
Improvement Area #2-B Annual Installments for the Improvement Area #2-B Reimbursement
Obligation are shown on Exhibit G-4.
“Indenture” means an Indenture of Trust entered into between the City and the Trustee in
connection with the issuance of each series of PID Bonds, as amended or supplemented from
time to time, between the City and the Trustee setting forth the terms and conditions related to
a series of PID Bonds.
“Lot” means (1) for any portion of the District for which a final subdivision plat has been recorded
in the Plat or Official Public Records of the County, a tract of land described by “lot” in such
subdivision plat; and (2) for any portion of the District for which a subdivision plat has not been
recorded in the Plat or Official Public Records of the County, a tract of land anticipated to be
described as a “lot” in a final recorded subdivision plat as shown on a concept plan or a
preliminary plat. A “lot” shall not include real property owned by a government entity, even if
such property is designated as a separate described tract or lot on a recorded subdivision plat.
“Lot Type” means a classification of final building Lots with similar characteristics (e.g., lot size,
home product, Estimated Buildout Value, etc.), as determined by the Administrator and
confirmed by the City Council. In the case of single-family residential Lots, the Lot Type shall be
further defined by classifying the residential Lots by the Estimated Buildout Value of the Lot as
provided by the Developer, and confirmed by the City Council, as shown on Exhibit E, and the
anticipated Lot Type classification map is identified on Exhibit A-6. The buyer disclosure for each
Lot Type is attached in Appendix B.
“Lot Type 1” means a Lot within Improvement Area #1 marketed to homebuilders as a 50’ Lot.
The buyer disclosure for Lot Type 1 is attached in Appendix B.
“Lot Type 2” means a Lot within Improvement Area #1 marketed to homebuilders as a 60’ Lot.
The buyer disclosure for Lot Type 2 is attached in Appendix B.
“Lot Type 3” means a Lot within Improvement Area #2 marketed to homebuilders as a 60’ Lot.
The buyer disclosure for Lot Type 3 is attached in Appendix B.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 14
“Lot Type 4” means a Lot within Improvement Area #2 marketed to homebuilders as a 40’ Lot.
The buyer disclosure for Lot Type 4 is attached in Appendix B.
“Lot Type 5” means a Lot within Improvement Area #2 marketed to homebuilders as a 50’ Lot.
The buyer disclosure for Lot Type 5 is attached in Appendix B.
“Major Improvements” mean those Authorized Improvements that confer a special benefit to
all of the Assessed Property, Apportioned Property, and Non-Assessed Property, as further
described in Section III.A and depicted on Exhibit H-1.
“Maximum Assessment” means for each Lot, an Assessment equal to the lesser of (1) the
amount calculated pursuant to Section VI.A, or (2) for each Lot Type, the amount shown on
Exhibit E.
“Non-Assessed Property” means Parcels located outside the boundary of the District that accrue
special benefit from the Authorized Improvements, as determined by the City Council, but are
not assessed. The Non-Assessed Property consists of multifamily area of approximately 36.5
acres and commercial area of approximately 4.3 acres. The Developer has agreed to pay for the
portion of the Actual Costs of the Authorized Improvements that benefit the Non-Assessed
Property.
“Non-Benefited Property” means Parcels within the boundaries of the District that accrue no
special benefit from the Authorized Improvements as determined by the City Council.
“Notice of Assessment Termination” means a document that shall be recorded in the Official
Public Records of the County evidencing the termination of an Assessment, a form of which is
attached as Exhibit I.
“Original Service and Assessment Plan” means The Woods at Lindsey Place Public Improvement
District Service and Assessment Plan that was approved by the City Council on March 14, 2023.
“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 Official Public Records of the County, or by any other means determined by the City.
“PID Act” means Chapter 372, Texas Local Government Code, as amended.
“PID Bonds” means any bonds issued by the City in one or more series and secured in whole or
in part by Assessments.
“Prepayment” means the payment of all or a portion of an Assessment before the due date of
the final Annual Installment thereof. Amounts received at the time of a Prepayment which
represent a payment of principal, interest, or penalties on a delinquent installment of an
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 15
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.
“Private Improvements” means improvements required to be constructed, or caused to be
constructed, by the Developer to deliver final Lots and that are not Authorized Improvements.
Costs of the Private Improvements will not be paid nor reimbursed from the proceeds of PID
Bonds or otherwise from revenues received from the collection of Annual Installments.
“Remainder Area” means approximately 86.762 acres located within the District and entirely
outside of Improvement Area #1 and Improvement Area #2, as more specifically described on
Exhibit L-5 and depicted on Exhibit A-2, to be developed as one or more future improvement
areas.
“Remainder Area Apportioned Property” means any Parcel within the Remainder Area, other
than Non-Benefited Property and Non-Assessed Property, against which a portion of the Actual
Costs of the Remainder Area Projects are apportioned based on special conferred benefit, and
against which an Assessment is expected to be levied, but not yet levied.
“Remainder Area Apportionment of Costs” means an Apportionment of Costs against the
Remainder Area Apportioned Property for the Remainder Area Projects, as shown on Exhibit B-
2, subject to (1) reallocation upon the subdivision of such Parcel or reduction according to the
provisions herein and in the PID Act; and (2) a future levy of Assessments by the City.
“Remainder Area Projects” means the pro rata portion of the Major Improvements allocable to
the Remainder Area.
“Service Plan” covers a period of at least five years and defines the annual indebtedness and
projected costs of the Authorized Improvements, more specifically described in Section IV.
“Trustee” means the trustee or successor trustee under an Indenture.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 16
SECTION II: THE DISTRICT
The District includes approximately 198.006 contiguous acres located within the corporate limits
of the City, the boundaries of which are more particularly described by the legal description on
Exhibit L-1 and depicted on Exhibit A-1. Development of the District is anticipated to include
approximately 951 Lots developed with 860 Lots classified as single-family and 91 Lots classified
as townhome.
Improvement Area #1 includes approximately 57.444 contiguous acres, 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 includes 218 Lots developed with single-family homes
(188 single-family homes classified as Lot Type 1, and 30 single-family homes classified as Lot
Type 2).
Improvement Area #2 includes approximately 56.703 acres, the boundaries of which are more
particularly depicted on Exhibit A-2. Improvement Area #2 is comprised of (1) Improvement Area
2-A, as more particularly described by the legal description on Exhibit L-3 and depicted on Exhibit
A-4, consisting of approximately 29.229 contiguous acres; and (2) Improvement Area #2-B, as
more particularly described by the legal description on Exhibit L-4 and depicted on Exhibit A-5,
consisting of approximately 27.474 contiguous acres. Development of Improvement Area #2-A is
anticipated to include approximately 48 Lots developed with single-family homes (48 single-
family homes classified as Lot Type 3) and Improvement Area #2-B is anticipated to include
approximately 123 Lots developed with single-family homes (26 single-family homes classified as
Lot Type 4, and 97 single-family homes classified as Lot Type 5).
The Remainder Area includes approximately 83.859 contiguous acres. Development of the
Remainder Area is anticipated to include approximately 535 Lots developed with 444 Lots
classified as single-family homes and 91 Lots classified as townhomes.
SECTION III: AUTHORIZED IMPROVEMENTS
The City, based on information provided by the Developer and its engineer and reviewed by the
City staff and by third-party consultants retained by the City, has determined that the Authorized
Improvements confer a special benefit on the Assessed Property, Apportioned Property, and
Non-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, the allocation of the
Major Improvements costs is shown on Exhibit B-2, and the allocation of the Improvement Area
#2 costs is shown on Exhibit B-3.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 17
A. Major Improvements
Excavation
Excavation improvements include excavation, intersections, and re-vegetation of all
disturbed areas within the right-of-way benefiting the entire District.
Sanitary Sewer
Sanitary Sewer improvements include trench excavation and embedment, trench safety,
PVC piping, manholes, concrete easement, stub outs to future developments, testing,
related earthwork, erosion control, and all necessary appurtenances required to provide
sanitary sewer service to the entire District.
Storm Sewer
Storm Sewer improvements include earthen channels, swales, RCP piping and boxes,
manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to
future developments, testing, related earthwork, erosion control, and all necessary
appurtenances required to provide storm drainage to the entire District.
Water
Water improvements include trench excavation and embedment, trench safety, PVC
piping, stub outs to future developments, testing, related earthwork, erosion control, and
all necessary appurtenances required to provide water service to the entire District.
Paving
Paving improvements include subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps, related earthworks, intersections, and re-
vegetation of all disturbed areas within the right-of-way of the District.
Soft Costs
Includes costs related to designing, constructing, and installing the Major Improvements
including land planning and design, City fees, engineering, soil testing, survey,
construction management, contingency, legal costs, consultants, District Formation
Costs, and costs associated with financing the Major Improvements.
B. Improvement Area #1 Improvements
Erosion Control
Improvements including silt fences, inlet protection, rock check dams, drill seeding, soil
retention blankets, biodegradable erosion control logs, and construction exit/entrances
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 18
necessary to provide erosion control for all Lots within Improvement Area #1.
Excavation
Excavation improvements include related earthworks, excavation, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #1.
Sanitary Sewer
Sanitary Sewer improvements include trench excavation and embedment, trench safety,
PVC piping, manholes, concrete easement, stub outs to future developments, testing,
related earthwork, erosion control, and all necessary appurtenances required to provide
sanitary sewer service for all Lots within Improvement Area #1.
Storm Sewer
Storm Sewer improvements include earthen channels, swales, RCP piping and boxes,
manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to
future developments, testing, related earthwork, erosion control, and all necessary
appurtenances required to provide storm drainage for all Lots within Improvement Area
#1.
Water
Water improvements include trench excavation and embedment, trench safety, PVC
piping, stub outs to future developments, testing, related earthwork, erosion control, and
all necessary appurtenances required to provide water service for all Lots within
Improvement Area #1.
Paving
Roadway improvements include subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps, related earthworks, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #1.
Street Lights
Improvements including traffic signage, streetlights, and stop lights are included. These
traffic and lighting improvements will provide a benefit to all Lots within Improvement
Area #1.
Soft Costs
Includes costs related to designing, constructing, and installing the Improvement Area #1
Improvements including land planning and design, City fees, engineering, soil testing,
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 19
survey, construction management, contingency, legal costs, consultants, and costs
associated with financing the Improvement Area #1 Improvements.
C. Improvement Area #2 Improvements
Excavation
Excavation improvements include related earthworks, excavation, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #2.
Sanitary Sewer
Sanitary Sewer improvements include trench excavation and embedment, trench safety,
PVC piping, manholes, concrete easement, stub outs to future developments, testing,
related earthwork, erosion control, and all necessary appurtenances required to provide
sanitary sewer service for all Lots within Improvement Area #2.
Storm Sewer
Storm Sewer improvements include earthen channels, swales, RCP piping and boxes,
manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to
future developments, testing, related earthwork, erosion control, and all necessary
appurtenances required to provide storm drainage for all Lots within Improvement Area
#2.
Water
Water improvements include trench excavation and embedment, trench safety, PVC
piping, stub outs to future developments, testing, related earthwork, erosion control, and
all necessary appurtenances required to provide water service for all Lots within
Improvement Area #2.
Paving
Roadway improvements include subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps, related earthworks, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #2.
Soft Costs
Includes 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, legal costs, consultants, and costs
associated with financing the Improvement Area #2 Improvements.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 20
D. Improvement Area #2-A Improvements
Erosion Control
Improvements including silt fences, inlet protection, rock check dams, drill seeding, soil
retention blankets, biodegradable erosion control logs, and construction exit/entrances
necessary to provide erosion control for all Lots within Improvement Area #2-A.
Excavation
Excavation improvements include related earthworks, excavation, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #2-A.
Sanitary Sewer
Sanitary Sewer improvements include trench excavation and embedment, trench safety,
PVC piping, manholes, concrete easement, stub outs to future developments, testing,
related earthwork, erosion control, and all necessary appurtenances required to provide
sanitary sewer service for all Lots within Improvement Area #2-A.
Storm Sewer
Storm Sewer improvements include earthen channels, swales, RCP piping and boxes,
manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to
future developments, testing, related earthwork, erosion control, and all necessary
appurtenances required to provide storm drainage for all Lots within Improvement Area
#2-A.
Water
Water improvements include trench excavation and embedment, trench safety, PVC
piping, stub outs to future developments, testing, related earthwork, erosion control, and
all necessary appurtenances required to provide water service for all Lots within
Improvement Area #2-A.
Paving
Roadway improvements include subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps, related earthworks, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #2-A.
Street Lights
Improvements including traffic signage, streetlights, and stop lights are included. These
traffic and lighting improvements will provide a benefit to all Lots within Improvement
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 21
Area #2-A.
Soft Costs
Includes costs related to designing, constructing, and installing the Improvement Area #2-
A Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, legal costs, consultants, and costs
associated with financing the Improvement Area #2-A Improvements.
E. Improvement Area #2-B Improvements
Erosion Control
Improvements including silt fences, inlet protection, rock check dams, drill seeding, soil
retention blankets, biodegradable erosion control logs, and construction exit/entrances
necessary to provide erosion control for all Lots within Improvement Area #2-B.
Excavation
Excavation improvements include related earthworks, excavation, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #2-B.
Sanitary Sewer
Sanitary Sewer improvements include trench excavation and embedment, trench safety,
PVC piping, manholes, concrete easement, stub outs to future developments, testing,
related earthwork, erosion control, and all necessary appurtenances required to provide
sanitary sewer service for all Lots within Improvement Area #2-B.
Storm Sewer
Storm Sewer improvements include earthen channels, swales, RCP piping and boxes,
manholes, curb and drop inlets, headwalls, concrete flumes, rock rip rap, stub outs to
future developments, testing, related earthwork, erosion control, and all necessary
appurtenances required to provide storm drainage for all Lots within Improvement Area
#2-B.
Water
Water improvements include trench excavation and embedment, trench safety, PVC
piping, stub outs to future developments, testing, related earthwork, erosion control, and
all necessary appurtenances required to provide water service for all Lots within
Improvement Area #2-B.
Paving
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 22
Roadway improvements include subgrade stabilization, concrete and reinforcing steel for
roadways, testing, and handicapped ramps, related earthworks, intersections, and re-
vegetation of all disturbed areas within the right-of-way of Improvement Area #2-B.
Street Lights
Improvements including traffic signage, streetlights, and stop lights are included. These
traffic and lighting improvements will provide a benefit to all Lots within Improvement
Area #2-B.
Soft Costs
Includes costs related to designing, constructing, and installing the Improvement Area #2-
B Improvements including land planning and design, City fees, engineering, soil testing,
survey, construction management, contingency, legal costs, consultants, and costs
associated with financing the Improvement Area #2-B Improvements.
F. Bond Issuance Costs
Debt Service Reserve Fund
Equals the amount to be deposited in a debt service reserve fund under an applicable
Indenture in connection with the issuance of PID Bonds.
Underwriter’s Discount
Equals a percentage of the par amount of a particular series of PID Bonds related to the
costs of underwriting such PID Bonds.
Underwriter’s Counsel Fee
Equals a percentage of the par amount of a particular series of PID Bonds reserved for the
underwriter’s attorney fees.
Cost of Issuance
Includes costs of issuing a particular series of PID Bonds, including but not limited to issuer
fees, attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs,
publication costs, City costs, fees charged by the Texas Attorney General, and any other
cost or expense directly associated with the issuance of PID Bonds.
G. Other Costs
Deposit to Administrative Fund
Equals the amount necessary to fund the first year’s Annual Collection Costs for a
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 23
particular series of PID Bonds.
SECTION IV: SERVICE PLAN
The PID Act requires the Service Plan to cover a period of at least five years. The Service Plan is
required to define the annual projected costs and indebtedness for the Authorized
Improvements undertaken within the District during the five year period. The Service Plan is also
required to include a copy of the buyer disclosure notice form required by Section 5.014 of the
Texas Property Code, as amended. The Service Plan must be reviewed and updated in each
Annual Service Plan Update. Exhibit C summarizes the Service Plan for Improvement Area #1 and
Improvement Area #2. Pursuant to the PID Act and Section 5.014 of the Texas Property Code, as
amended, this 2024 Amended and Restated Service and Assessment Plan, and any future Annual
Service Plan Updates, shall include a form of the buyer disclosure for the District. The buyer
disclosures are attached hereto as Appendix B.
Exhibit D summarizes the sources and uses of funds required to construct the Authorized
Improvements. The sources and uses of funds shown on Exhibit D shall be updated in an Annual
Service Plan Update to reflect any budget revisions and Actual Costs.
SECTION V: ASSESSMENT PLAN
The PID Act allows the City Council to apportion the costs of the Authorized Improvements to the
Assessed Property and Apportioned Property based on the special benefit received from the
Authorized Improvements. The PID Act provides that such costs may be apportioned: (1) equally
per front foot or square foot; (2) according to the value of property as determined by the City
Council, with or without regard to improvements constructed on the property; or (3) in any other
manner approved by the City Council that results in imposing equal shares of such costs on
property similarly benefited. The PID Act further provides that the City Council may establish by
ordinance or order reasonable classifications 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 2024 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
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 24
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 and 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 were and
shall be allocated as follows:
The costs of the Major Improvements were allocated to the District and the Non-Assessed
Property pro rata based upon acreage at the time of the Original Service and Assessment
Plan. The District was allocated 84.68% of the Major Improvements and the Non-Assessed
Property was allocated 15.32%. See Exhibit B-1 for the allocation of the Major
Improvements between the District and the Non-Assessed Property.
The costs of the Major Improvements allocated to the District, shall be allocated or
apportioned to each Assessed Property and Apportioned Property, as applicable, pro rata
based on the Estimated Buildout Value of all Assessed Property and Apportioned Property
at the time of the applicable Assessment Ordinance. At the time of the 2023 Amended
and Restated Service and Assessment Plan, Improvement Area #1 Assessed Property was
allocated 25.12% of the Major Improvements costs. Currently, the remainder of such
Major Improvements costs, after the allocation to Improvement Area #1 Assessed
Property, shall be allocated 8.02% to Improvement Area #2-A Assessed Property, 17.90%
to Improvement Area #2-B Assessed Property, and the Remainder Area Apportioned
Property shall be apportioned 74.08% of the Major Improvements costs, as shown on
Exhibit B-2.
The costs of the Improvement Area #1 Improvements were allocated to each
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 at the time of
the 2023 Amended and Restated Service and Assessment Plan.
The costs of the Improvement Area #2 Improvements shall be allocated to Improvement
Area #2-A Assessed Property and Improvement Area #2-B Assessed Property pro rata
based on the Estimated Buildout Value of all Improvement Area #2-A Assessed Property
and Improvement Area #2-B Assessed Property. Improvement Area #2-A Assessed
Property shall be allocated 30.93% of the Improvement Area #2 Improvements costs and
Improvement Area #2-B shall be allocated 69.07% of the Improvement Area #2
Improvements costs. See Exhibit B-3 for the allocation of the Improvement Area #2
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 25
Improvements between Improvement Area #2-A Assessed Property and Improvement
Area #2-B Assessed Property.
The costs of the Improvement Area #2-A Authorized Improvements shall be allocated to
each Improvement Area #2-A Assessed Property based on the ratio of the Estimated
Buildout Value of each Parcel designated as Improvement Area #2-A Assessed Property
to the Estimated Buildout Value of all Improvement Area #2-A Assessed Property.
Currently, the Improvement Area #2-A Initial Parcel is the only Parcel within Improvement
Area #2-A, and as such, the Improvement Area #2-A Initial Parcel is allocated 100% of the
Improvement Area #2-A Authorized Improvements.
The costs of the Improvement Area #2-B Authorized Improvements shall be allocated to
each Improvement Area #2-B Assessed Property based on the ratio of the Estimated
Buildout Value of each Parcel designated as Improvement Area #2-B Assessed Property
to the Estimated Buildout Value of all Improvement Area #2-B Assessed Property.
Currently, the Improvement Area #2-B Initial Parcel is the only Parcel within Improvement
Area #2-B, and as such, the Improvement Area #2-B Initial Parcel is allocated 100% of the
Improvement Area #2-B Authorized Improvements.
B. Assessments
The Improvement Area #1 Assessment was levied on the Improvement Area #1 Initial Parcel at
the time the City Council approved the 2023 Assessment Ordinance and is currently outstanding
in the amount shown on the Improvement Area #1 Assessment Roll, attached hereto as Exhibit
F-1. The projected Improvement Area #1 Annual Installments are shown on Exhibit F-2, and are
subject to revisions made in any Annual Service Plan Update.
The Improvement Area #2-A Assessments will be levied on the Improvement Area #2-A Initial
Parcel in the amount on the Improvement Area #2-A Assessment Roll, attached hereto as Exhibit
G-1. The projected Improvement Area #2-A Annual Installments are shown on Exhibit G-2. Upon
division or subdivision of the Improvement Area #2-A Initial Parcel, the Improvement Area #2-A
Assessments will be reallocated pursuant to Section VI, and are subject to revisions made in any
Annual Service Plan Update.
The Improvement Area #2-B Assessments will be levied on the Improvement Area #2-B Initial
Parcel in the amount on the Improvement Area #2-B Assessment Roll, attached hereto as Exhibit
G-3. The projected Improvement Area #2-B Annual Installments are shown on Exhibit G-4. Upon
division or subdivision of the Improvement Area #2-B Initial Parcel, the Improvement Area #2-B
Assessments will be reallocated pursuant to Section VI, and are subject to revisions made in any
Annual Service Plan Update.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 26
The Maximum Assessment for each current Lot Type within the District is shown on Exhibit E. In
no case will the Assessment for Lot Type 1, Lot Type 2, Lot Type 3, Lot Type 4, and Lot Type 5,
respectively, exceed the corresponding Maximum Assessment for each Lot classification.
C. Findings of Special Benefit
Acting in its legislative capacity and 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, the
City Council has found and determined:
Improvement Area #1
The costs of the Improvement Area #1 Authorized Improvements equal
$9,896,676 as shown on Exhibit B-1; and
The Improvement Area #1 Assessed Property receives special benefit from the
Improvement Area #1 Authorized Improvements equal to or greater than the
Actual Cost of the Improvement Area #1 Authorized Improvements; and
With the adoption of the 2023 Assessment Ordinance, the Improvement Area #1
Assessed Property was allocated 100% of the Improvement Area #1 Assessment
levied for the Improvement Area #1 Authorized Improvements, which equals
$7,419,000.00 as shown on the debt service schedule of the official statement for
Improvement Area #1 Bonds attached hereto as Exhibit J, and outstanding
$7,251,383.88 as further described in Section IX.C and shown on the
Improvement Area #1 Assessment Roll attached hereto as Exhibit F-1; and
The special benefit expected at the time the City Council approved the Original
Service and Assessment Plan ( $9,896,676) received by the Improvement Area
#1 Assessed Property from the Improvement Area #1 Authorized Improvements
were equal to or greater than the amount of the Improvement Area #1
Assessment ($7,419,000) levied on the Improvement Area #1 Assessed Property
for the Improvement Area #1 Authorized Improvements; and
At the time the City Council approved the 2023 Assessment Ordinance, the
Developer owned 100% of the Improvement Area #1 Initial Parcel. The Developer
acknowledged that the Improvement Area #1 Authorized Improvements
conferred a special benefit on the Improvement Area #1 Initial Parcel and
consented to the imposition of the Improvement Area #1 Assessment to pay for
the Actual Costs associated therewith. The Developer ratified, confirmed,
accepted, agreed to, and approved: (1) the determinations and findings by the City
Council as to the special benefits described therein and the 2023 Assessment
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 27
Ordinance; (2) the Original Service and Assessment Plan and the 2023 Assessment
Ordinance; and (3) the levying of the Improvement Area #1 Assessment on the
Improvement Area #1 Initial Parcel.
Improvement Area #2-A
The costs of Improvement Area #2-A Authorized Improvements equal $4,884,638,
as shown on Exhibit B-1; and
Improvement Area #2-A Assessed Property receives special benefit from the
Improvement Area #2-A Authorized Improvements equal to or greater than the
Actual Cost of the Improvement Area #2-A Authorized Improvements; and
The Improvement Area #2-A Assessed Property will be allocated 100% of the
Improvement Area #2-A Assessment to be levied for the Improvement Area #2-A
Authorized Improvements, which equals $1,753,814; and
The special benefit ( $4,884,638) received by the Improvement Area #2-A Initial
Parcel from the Improvement Area #2-A Authorized Improvements is equal to or
greater than the amount of the Improvement Area #2-A Assessment ($1,753,814)
to be levied on the Improvement Area #2-A Initial Parcel for the Improvement
Area #2-A Authorized Improvements; and
It is anticipated, at the time the City Council approves this 2024 Amended and
Restated Service and Assessment Plan, the Developer will own 100% of the
Improvement Area #2-A Initial Parcel. The Developer will acknowledge that the
Improvement Area #2-A Authorized Improvements confer a special benefit on the
Improvement Area #2-A Initial Parcel and will consent to the imposition of the
Improvement Area #2-A Assessment to pay for the Actual Costs associated
therewith. The Developer will ratify, confirm, accept, agree to, and approve: (1)
the determinations and findings by the City Council as to the special benefits
described herein and the 2024 Assessment Ordinance; (2) this 2024 Amended and
Restated Service and Assessment Plan and the 2024 Assessment Ordinance; and
(3) the levying of the Improvement Area #2-A Assessment on the Improvement
Area #2-A Initial Parcel.
Improvement Area #2-B
The costs of Improvement Area #2-B Authorized Improvements equal $7,950,639,
as shown on Exhibit B-1; and
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 28
Improvement Area #2-B Assessed Property receives special benefit from the
Improvement Area #2-B Authorized Improvements equal to or greater than the
Actual Cost of the Improvement Area #2-B Authorized Improvements; and
The Improvement Area #2-B Assessed Property will be allocated 100% of the
Improvement Area #2-B Assessment to be levied for the Improvement Area #2-B
Authorized Improvements, which equals $3,916,186; and
The special benefit ( $7,950,639) received by the Improvement Area #2-B Initial
Parcel from the Improvement Area #2-B Authorized Improvements is equal to or
greater than the amount of the Improvement Area #2-B Assessment ($3,916,186)
to be levied on the Improvement Area #2-B Initial Parcel for the Improvement
Area #2-B Authorized Improvements; and
It is anticipated, at the time the City Council approves this 2024 Amended and
Restated Service and Assessment Plan, the Developer will own 100% of the
Improvement Area #2-B Initial Parcel. The Developer will acknowledge that the
Improvement Area #2-B Authorized Improvements confer a special benefit on the
Improvement Area #2-B Initial Parcel and will consent to the imposition of the
Improvement Area #2-B Assessment to pay for the Actual Costs associated
therewith. The Developer will ratify, confirm, accept, agree to, and approve: (1)
the determinations and findings by the City Council as to the special benefits
described herein and the 2024 Assessment Ordinance; (2) this 2024 Amended and
Restated Service and Assessment Plan and the 2024 Assessment Ordinance; and
(3) the levying of the Improvement Area #2-B Assessment on the Improvement
Area #2-B Initial Parcel.
Remainder Area
The costs of the Remainder Area Projects apportioned to the Remainder Area
Apportioned Property as financed by the Developer equals $2,966,098 as shown
on Exhibit B-1; and
The Remainder Area receives special benefit from the Remainder Area Projects
equal to or greater than the Actual Cost of the Remainder Area Projects
apportioned to the Remainder Area Apportioned Property; and
The Remainder Area Apportioned Property will be apportioned 100% of the
Remainder Area Projects, which equals $2,966,098 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
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 29
It is anticipated, at the time the City Council approves this 2024 Amended and
Restated Service and Assessment Plan, the Developer will own 100% of the
Remainder Area Apportioned Property. The Developer will acknowledge that the
Remainder Area Projects confer a special benefit on the Remainder Area
Apportioned Property and will consent to the imposition of the Remainder Area
Apportionment of Costs in anticipation of a future levy of Assessments by the City
Council to pay for all or a portion of the Actual Costs associated therewith. The
Developer will ratify, confirm, accept, agree to, and approve: (1) the
determinations and findings by the City Council as to the special benefits
described herein; (2) this 2024 Amended and Restated Service and Assessment
Plan; and (3) the Remainder Area Apportionment of Costs.
The above costs include only the costs of Remainder Area Projects and do not
include any costs of public infrastructure benefiting only the Remainder Areas,
which may be identified in a future update to this 2024 Amended and Restated
Service and Assessment Plan.
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 each respective series of PID Bonds may exceed the
interest rate on each respective series of 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 related to a series of PID Bonds and shall be deposited pursuant to the applicable
Indenture.
The interest on the Improvement Area #2-A Assessment securing the Improvement Area #2-A
Reimbursement Obligation shall be collected at rates established under the Improvement Area
#2-A Reimbursement Agreement as part of the Improvement Area #2-A Annual Installment
pursuant to the Improvement Area #2-A Reimbursement Agreement, which will not include
Additional Interest unless and until Improvement Area #2 Bonds are issued.
The interest on the Improvement Area #2-B Assessment securing the Improvement Area #2-B
Reimbursement Obligation shall be collected at rates established under the Improvement Area
#2-B Reimbursement Agreement as part of the Improvement Area #2-B Annual Installment
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 30
pursuant to the Improvement Area #2-B Reimbursement Agreement, which will not include
Additional Interest unless and until Improvement Area #2 Bonds are issued.
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
Upon the division of any Assessed Property (without the recording of a 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, Lot Type 4, and Lot Type 5 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.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 31
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 the
same Lot Type
D = the sum of the Estimated Buildout Value for all of the newly subdivided Lots
excluding Non-Benefited Property
E= the number of newly subdivided Lots with the same Lot Type
Prior to the recording of a subdivision plat, the Developer shall provide the City an
Estimated Buildout Value as of the date of the recorded subdivision plat for each Lot
created by the recorded subdivision plat. 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, Lot Type 4, and Lot Type
5 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 Annual Service Plan Update immediately following such
reallocation.
3. Upon Consolidation
If two or more Lots or Parcels are consolidated into a single Lot or Parcel, the
Administrator shall allocate the Assessments against the Lots or Parcels before the
consolidation to the consolidated Lot or Parcel, which allocation shall be approved by the
City Council in the next Annual Service Plan Update immediately following such
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 32
consolidation. The Assessment for any resulting Lot may not exceed the Maximum
Assessment for the applicable Lot Type and compliance may require a mandatory
Prepayment of Assessments pursuant to Section VI.C.
B. Mandatory Prepayment of Assessments
If an Assessed Property or a portion thereof is conveyed to a party that is exempt from payment
of the Assessment under applicable law, or the owner causes a Lot, Parcel or portion thereof to
become Non-Benefited Property, the owner of such Lot, Parcel or portion thereof shall pay to
the City, or cause to be paid 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, and no such conveyance shall be effective until the City receives such payment. Following
payment of the foregoing costs in full, the City shall provide the owner with a recordable “Notice
of Assessment Termination,” a form of which is attached hereto as Exhibit I.
C. True-Up of Assessments if Maximum Assessment Exceeded at Plat
Prior to the City approving a final subdivision plat, the Administrator will certify that such plat
will not result in the Assessment per Lot for any Lot Type to exceed the Maximum Assessment. If
the Administrator determines that the resulting Assessment per Lot for any Lot Type will exceed
the Maximum Assessment for that Lot Type, then (1) the Assessment applicable to each Lot Type
shall each be reduced to the Maximum Assessment, and (2) the person or entity filing the plat
shall pay to the City, or cause to be paid 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. At no time shall the
aggregate Assessments for any Lot exceed the Maximum Assessment.
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, then (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
a related series of PID Bonds are issued, the Trustee shall apply amounts on deposit in the
applicable account of the project fund created under the Indenture relating to such series of PID
Bonds, that are not expected to be used for the purposes of the project fund to redeem
outstanding PID Bonds, unless otherwise directed by the City pursuant to the terms of such
Indenture. Such excess PID Bond proceeds may be used for any purpose authorized by such
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 33
Indenture. 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.
The Administrator shall update (and submit to the City Council for review and approval as part of
the next Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments
to reflect the reduced Assessments.
E. Prepayment of Assessments
The owner of any Assessed Property may pay, at any time, all or any part of an Assessment in
accordance with the PID Act. Prepayment Costs, if any, may be paid from a reserve established
under the applicable Indenture. If an Annual Installment has been billed, or the Annual Service
Plan Update has been approved by the City Council prior to the Prepayment, the Annual
Installment shall be due and payable and shall be credited against the Prepayment.
If an Assessment on an Assessed Property is prepaid in full, with Prepayment Costs, (1) the
Administrator shall cause the Assessment to be reduced to zero on said Assessed Property and
the Assessment Roll to be revised accordingly; (2) the Administrator shall prepare the revised
Assessment Roll and submit such revised Assessment Roll to the City Council for review and
approval as part of the next Annual Service Plan Update; (3) the obligation to pay the Assessment
and corresponding Annual Installments shall terminate with respect to said Assessed Property;
and (4) the City shall provide the owner with a recordable "Notice of Assessment Termination.”
If an Assessment on an Assessed Property is prepaid in part, with Prepayment Costs: (1) the
Administrator shall cause the Assessment to be reduced on said Assessed Property and the
Assessment Roll revised accordingly; (2) the Administrator shall prepare the revised Assessment
Roll and submit such revised Assessment Roll 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, if a particular series of PID Bonds are issued, the Improvement
Area #2-A Reimbursement Obligation will be subordinated to (i) the Improvement Area #2 Bonds,
if issued, and (ii) any additional PID Bonds secured by a parity lien on the Improvement Area #2-
A Assessments issued to refinance all or a portion of the Improvement Area #2-A Reimbursement
Obligation. Additionally, the Improvement Area #2-B Reimbursement Obligation will be
subordinated to (i) the Improvement Area #2 Bonds, if issued, and (ii) any additional PID Bonds
secured by a parity lien on the Improvement Area #2-B Assessments issued to refinance all or a
portion of the Improvement Area #2-B Reimbursement Obligation. For purposes of Prepayments,
additional PID Bonds issued to refinance all or a portion of the Improvement Area #2-A
Reimbursement Obligation and Improvement Area #2-B Reimbursement Obligation will be on
parity with the Improvement Area #2 Bonds.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 34
F. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit F-2
shows the projected Improvement Area #1 Annual Installments, Exhibit G-2 shows the projected
Improvement Area #2-A Annual Installments, and Exhibit G-4 shows the projected Improvement
Area #2-B Annual Installments. Annual Installments are subject to adjustment in each Annual
Service Plan Update.
Prior to the recording of a final subdivision plat, if any Parcel shown on the Assessment Roll is
assigned multiple tax parcel identification numbers for billing and collection purposes, the Annual
Installment shall be allocated pro rata based on the acreage of the property, not including any
Non-Benefited Property or Non-Assessed Property, as shown by the Collin Central Appraisal
District for each tax parcel identification number.
The Administrator shall prepare and submit to the City Council for its review and approval an
Annual Service Plan Update to allow for the billing and collection of Annual Installments. Each
Annual Service Plan Update shall include updated Assessment Rolls and updated calculations of
Annual Installments. The Annual Collection Costs for a given Assessment shall be paid by the
owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment
remaining on the Parcel to the total outstanding Assessment. Annual Installments shall be
reduced by any credits applied under an applicable Indenture, such as capitalized interest,
interest earnings on account balances, and any other funds available to the Trustee for such
purposes. Annual Installments shall be collected by the City in the same manner and at the same
time as ad valorem taxes. Annual Installments shall be subject to the penalties, procedures, and
foreclosure sale in case of delinquencies as set forth in the PID Act and in the same manner as ad
valorem taxes due and owing to the City. The City Council may provide for other means of
collecting Annual Installments. Assessments shall have the lien priority specified in the PID Act.
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 WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 35
Failure of an owner of an Assessed Property to receive an invoice for an Annual Installment shall
not relieve said owner of the responsibility for payment of the Assessment. Assessments, or
Annual Installments thereof, that are delinquent shall incur Delinquent Collection Costs. The City
may provide for other means of collecting the Annual Installments to the extent permitted by the
PID Act, or other applicable law.
G. Prepayment as a Result of an Eminent Domain Proceeding or Taking
Subject to applicable law, if any portion of any Parcel of Assessed Property is taken from an owner
as a result of eminent domain proceedings or if a transfer of any portion of any Parcel of Assessed
Property is made to an entity with the authority to condemn all or a portion of the Assessed
Property in lieu of or as a part of an eminent domain proceeding (a “Taking”), the portion of the
Assessed Property that was taken or transferred (the “Taken Property”) shall be reclassified as
Non-Benefited Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph,
the Assessment that was levied against the Assessed Property (when it was included in the Taken
Property) prior to the Taking shall remain in force against the remaining Assessed Property (the
Assessed Property less the Taken Property) (the “Retained Property”), following the
reclassification of the Taken Property as Non-Benefited Property, subject to an adjustment of the
Assessment applicable to the Retained Property after any required Prepayment as set forth
below. The owner of the Retained Property will remain liable to pay in Annual Installments, or
payable as otherwise provided by this 2024 Amended and Restated Service and Assessment Plan,
as updated, or the PID Act, the Assessment that remains due on the Retained Property, subject
to an adjustment in the Assessment applicable to the Retained Property after any required
Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains
due on the Retained Property exceeds the applicable Maximum Assessment, the owner of the
Retained Property will be required to make a Prepayment in an amount necessary to ensure that
the Assessment against the Retained Property does not exceed such Maximum Assessment, in
which case the Assessment applicable to the Retained 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
Retained Property.
In all instances the Assessment remaining on the Retained Property shall not exceed the
applicable Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100
Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be
reclassified as Non-Benefited Property and the remaining 90 acres of Retained Property shall be
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 36
subject to the $100 Assessment (provided that this $100 Assessment does not exceed the
Maximum Assessment on the Retained Property). If the Administrator determines that the $100
Assessment reallocated to the Retained Property would exceed the Maximum Assessment, as
applicable, on the Retained Property by $10, then the owner shall be required to pay $10 as a
Prepayment of the Assessment against the Retained Property and the Assessment on the
Retained Property shall be adjusted to be $90.
Notwithstanding the previous paragraphs in this subsection, if the owner of the Retained
Property notifies the City and the Administrator that the Taking prevents the Retained 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 Retained 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 Retained Property until such time that such
Assessment has been prepaid in full.
Notwithstanding the previous paragraphs in this subsection, the Assessments shall never be
reduced to an amount less than the amount required to pay all outstanding debt service
requirements on all outstanding PID Bonds.
SECTION VII: ASSESSMENT ROLL
The Improvement Area #1 Assessment Roll is attached as Exhibit F-1. The Administrator shall
prepare and submit to the City Council for review and approval proposed revisions to the
Improvement Area #1 Assessment Roll and Improvement Area #1 Annual Installments for each
Parcel as part of each Annual Service Plan Update.
The Improvement Area #2-A 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
Improvement Area #2-A Assessment Roll and Improvement Area #2-A Annual Installments for
each Parcel as part of each Annual Service Plan Update.
The Improvement Area #2-B Assessment Roll is attached as Exhibit G-3. The Administrator shall
prepare and submit to the City Council for review and approval proposed revisions to the
Improvement Area #2-B Assessment Roll and Improvement Area #2-B Annual Installments for
each Parcel as part of each Annual Service Plan Update.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 37
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
2024 Amended and Restated Service and Assessment Plan, including, but not limited to, any
calculation made as part of any Annual Service Plan Update, said owner’s sole and exclusive
remedy shall be to submit a written notice of error to the Administrator by December 1st of the
year following City Council’s approval of the calculation. Otherwise, said owner shall be deemed
to have unconditionally approved and accepted the calculation. The Administrator shall provide
a written response to the City Council and the owner not later than 30 days of such receipt of a
written notice of error by the Administrator. The City Council shall consider the owner’s notice
of error and the Administrator’s response at a public meeting, and not later than 30 days after
closing such meeting, the City Council shall make a final determination as to whether an error
has been made. If the City Council determines that an error has been made, the City Council shall
take such corrective action as is authorized by the PID Act, this 2024 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 2024 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
2024 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 2024 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 2024
Amended and Restated Service and Assessment Plan; (2) administer the District for and on behalf
of and at the direction of the City Council; and (3) interpret the provisions of this 2024 Amended
and Restated Service and Assessment Plan. Interpretations of this 2024 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.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 38
D. Form of Buyer Disclosure; Filing Requirements
Per Section 5.014 of the Texas Property Code, as amended, this 2024 Amended and Restated
Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form
of the buyer disclosures for the District. The buyer disclosures are attached hereto as Appendix
B. Within seven days of approval by the City Council, the City shall file and record in the real
property records of the County the executed ordinance approving this 2024 Amended and
Restated Service and Assessment Plan, or any future Annual Service Plan Updates. The executed
ordinance, including any attachments, approving this Service an Assessment Plan or any future
Annual Service Plan Updates shall be filed and recorded in their entirety.
E. Severability
If any provision of this 2024 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.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 39
SECTION IX: ADDITIONAL UPDATES
A. Parcel Subdivision
Improvement Area #1
The final plat of The Woods At Lindsey Place Phase 1 was filed and recorded with the County on
March 21, 2023, and consists of 218 residential Lots and 4 Non-Benefited Properties. The final
plat of The Woods At Lindsey Place Phase 1 is attached hereto as Exhibit A-3.
See the completed Lot Type classification summary within Improvement Area #1 below:
B. Lot and Home Sales
Improvement Area #1
Per the Quarterly Report dated March 31, 2024, the lot ownership composition is provided
below:
Developer Owned:
o Lot Type 1: 56 Lots
o Lot Type 2: 1 Lots
End-User Owner:
o Lot Type 1: 132 Lots
o Lot Type 2: 29 Lots
See Appendix B for the buyer disclosures.
C. Outstanding Assessment
Improvement Area #1
Net of the September 1, 2024, payment, Improvement Area #1 has an outstanding Assessment
of $7,251,383.88. The outstanding Assessment is less than the $7,286,000.00 in outstanding
Lot Type Number of Lots
Lot Type 1 188
Lot Type 2 30
Total 218
Improvement Area #1
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 40
Improvement Area #1 Bonds due to a Prepayment of Assessment for which Improvement Area
#1 Bonds have not yet been redeemed.
D. Annual Installment Due 1/31/2025
Improvement Area #1
Principal and Interest - The total principal and interest required for the Improvement
Area #1 Annual Installment is $523,977.50. The Improvement Area #1 Annual Installment
covers the period September 1, 2024, to August 31, 2025, and is due by January 31, 2025.
Additional Interest – The total Additional Interest is collected to fund the Delinquency
and Prepayment Reserve Account. The Additional Interest Reserve Requirement is equal
to $400,730.00, and has not been met. As such, the Delinquency and Prepayment Reserve
Account will be funded with Additional Interest on the outstanding Assessment, resulting
in an Additional Interest amount due of $36,430.00, as further defined in the applicable
Indenture.
Annual Collection Costs – The cost of administering the District and collecting the
Improvement Area #1 Annual Installments shall be paid for on a pro rata basis by each
Parcel based on the amount of outstanding Assessment remaining on the Parcel. The
Total Annual Collection Costs budgeted for the Improvement Area #1 Annual Installment
is $46,818.00.
See Exhibit J for the debt service schedule for the Improvement Area #1 Bonds as shown in the
official statement.
E. Prepayment of Assessments in Full
Improvement Area #1
Administration 30,600.00$
City Auditor 1,000.00
Filing Fees 1,000.00
County Collection 218.00
PID Trustee Fees 4,000.00
Dissemination Agent 1,500.00
Draw Request Review 5,000.00
Miscellaneous 1,000.00
Arbitrage Calculation 2,500.00
Total Annual Collection Costs 46,818.00$
Improvement Area #1
Annual Collection Costs Breakdown
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 41
The following is a list of all Parcels or Lots that made a Prepayment in full within Improvement
Area #1.
Property ID Address Lot Type
Prepayment
Amount
Prepayment
Date
Recorded Lien
Release Number
2878333 2117 Hampton St Lot Type 2 32,872.56$ 11/28/2023 Pending
Improvement Area #1
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 42
EXHIBITS
The following Exhibits are attached to and made a part of this 2024 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, Improvement Area #2 & Remainder Area
Exhibit A-3 Final Plat of Improvement Area #1
Exhibit A-4 Preliminary Plat of Improvement Area #2-A
Exhibit A-5 Preliminary Plat of Improvement Area #2-B
Exhibit A-6 Lot Type Classification Map
Exhibit B-1 Project Costs
Exhibit B-2 Major Improvement Apportionment of Costs
Exhibit B-3 Improvement Area #2 Allocation of Costs
Exhibit C Service Plan
Exhibit D Sources and Uses of Funds
Exhibit E Maximum Assessment and Tax Rate Equivalent
Exhibit F-1 Improvement Area #1 Assessment Roll
Exhibit F-2 Improvement Area #1 Annual Installments
Exhibit G-1 Improvement Area #2-A Assessment Roll
Exhibit G-2 Projected Improvement Area #2-A Annual Installments
Exhibit G-3 Improvement Area #2-B Assessment Roll
Exhibit G-4 Projected Improvement Area #2-B Annual Installments
Exhibit H-1 Maps of Major Improvements
Exhibit H-2 Maps of Improvement Area #1 Improvements
Exhibit H-3 Maps of Improvement Area #2 Improvements, Improvement Area #2-A
Improvements, and Improvement Area #2-B Improvements
Exhibit I Form of Notice of Assessment Termination
Exhibit J Debt Service Schedule for Improvement Area #1 Bonds
Exhibit L-1 District Legal Description
Exhibit L-2 Improvement Area #1 Legal Description
Exhibit L-3 Improvement Area #2-A Legal Description
Exhibit L-4 Improvement Area #2-B Legal Description
Exhibit L-5 Remainder Area Legal Description
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 43
APPENDICES
The following Appendices are attached to and made a part of this 2024 Amended and Restated
Service and Assessment Plan for all purposes:
Appendix A Improvement Area #2 Invoice Summary Table
Appendix B Buyer Disclosures
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 44
EXHIBIT A-1 – MAP OF THE DISTRICT
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 45 EXHIBIT A-2 – MAP OF IMPROVEMENT AREA #1, IMPROVEMENT AREA #2 & REMAINDER AREA
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 46 EXHIBIT A-3 – FINAL PLAT OF IMPROVEMENT AREA #1
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 47
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 48
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 49
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 50 EXHIBIT A-4 – PRELIMINARY PLAT OF IMPROVEMENT AREA #2-A
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 51
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 52 EXHIBIT A-5 – PRELIMINARY PLAT OF IMPROVEMENT AREA #2-B
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 53
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 54 EXHIBIT A-6 – LOT TYPE CLASSIFICATION MAP
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 55
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 56
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMEDNED AND RESTATED SERVICE AND ASSESSMENT PLAN 57
EXHIBIT B-1 – PROJECT COSTS
% Cost % Cost % Cost % Cost
Major Improvements [c],[d]
Excavation 612,616$ 93,824$ -$ 518,792$ 25.12% 130,334$ 6.00% 31,143$ 53.36% 69,542$ 55.47% 287,773$
Sanitary Sewer 1,212,374 185,679 - 1,026,695 25.12% 257,932 6.00% 61,633 53.36% 137,624 55.47% 569,506
Storm Sewer 1,136,739 174,095 - 962,644 25.12% 241,841 6.00% 57,788 53.36% 129,038 55.47% 533,977
Water 758,402 116,152 - 642,250 25.12% 161,350 6.00% 38,555 53.36% 86,091 55.47% 356,255
Paving 1,450,080 222,084 - 1,227,996 25.12% 308,504 6.00% 73,717 53.36% 164,607 55.47% 681,167
Soft Costs[e]1,144,068 175,218 - 968,850 25.12% 243,400 6.00% 58,161 53.36% 129,870 55.47% 537,420
6,314,279$ 967,052$ -$ 5,347,227$ 1,343,359$ 320,997$ 716,772$ 2,966,098$
Improvement Area #1 Improvements
Erosion Control 57,000$ -$ -$ 57,000$ 100% 57,000$ 0.00% -$ 0.00% -$ 0.00% -$
Excavation 162,500 - - 162,500 100% 162,500 0.00% - 0.00% - 0.00% -
Sanitary Sewer 1,053,228 - - 1,053,228 100% 1,053,228 0.00% - 0.00% - 0.00% -
Storm Sewer 1,771,838 - - 1,771,838 100% 1,771,838 0.00% - 0.00% - 0.00% -
Water 1,123,596 - - 1,123,596 100% 1,123,596 0.00% - 0.00% - 0.00% -
Paving 1,772,441 - - 1,772,441 100% 1,772,441 0.00% - 0.00% - 0.00% -
Street Lights 66,000 - - 66,000 100% 66,000 0.00% - 0.00% - 0.00% -
Soft Costs[e]1,329,145 - - 1,329,145 100% 1,329,145 0.00% - 0.00% - 0.00% -
7,335,748$ -$ -$ 7,335,748$ 7,335,748$ -$ -$ -$
Improvement Area #2 Improvements [f]
Excavation 9,231$ -$ -$ 9,231$ 0.00% -$ 30.93% 2,855$ 69.07% 6,376$ 0.00% -$
Sanitary Sewer 184,060 - - 184,060 0.00% - 30.93% 56,933 69.07% 127,128 0.00% -
Storm Sewer 253,652 - - 253,652 0.00% - 30.93% 78,458 69.07% 175,194 0.00% -
Water 321,541 - - 321,541 0.00% - 30.93% 99,457 69.07% 222,083 0.00% -
Paving 847,434 - - 847,434 0.00% - 30.93% 262,124 69.07% 585,310 0.00% -
Soft Costs[e]226,229 - - 226,229 0.00% - 30.93% 69,976 69.07% 156,253 0.00% -
1,842,147$ -$ -$ 1,842,147$ -$ 569,803$ 1,272,344$ -$
Improvement Area #2-A Improvements
Erosion Control 37,944$ -$ -$ 37,944$ 0.00% -$ 100% 37,944$ 0% -$ 0.00% -$
Excavation 69,000 - - 69,000 0.00% - 100% 69,000 0% - 0.00% -
Sanitary Sewer 351,163 - - 351,163 0.00% - 100% 351,163 0% - 0.00% -
Storm Sewer 772,368 - - 772,368 0.00% - 100% 772,368 0% - 0.00% -
Water 324,005 - - 324,005 0.00% - 100% 324,005 0% - 0.00% -
Paving 1,622,042 - - 1,622,042 0.00% - 100% 1,622,042 0% - 0.00% -
Street Lights 24,000 - - 24,000 0.00% - 100% 24,000 0% - 0.00% -
Soft Costs[e]486,919 - - 486,919 0.00% - 100% 486,919 0% - 0.00% -
3,687,441$ -$ -$ 3,687,441$ -$ 3,687,441$ -$ -$
Improvement Area #2-B Improvements
Erosion Control 36,500$ -$ -$ 36,500$ 0.00% -$ 0.00% -$ 100% 36,500$ 0.00% -$
Excavation 96,015 - - 96,015 0.00% - 0.00% - 100% 96,015 0.00% -
Sanitary Sewer 683,725 - - 683,725 0.00% - 0.00% - 100% 683,725 0.00% -
Storm Sewer 926,260 - - 926,260 0.00% - 0.00% - 100% 926,260 0.00% -
Water 513,707 - - 513,707 0.00% - 0.00% - 100% 513,707 0.00% -
Paving 2,247,290 - - 2,247,290 0.00% - 0.00% - 100% 2,247,290 0.00% -
Street Lights 42,000 - - 42,000 0.00% - 0.00% - 100% 42,000 0.00% -
Soft Costs[e]731,854 - - 731,854 0.00% - 0.00% - 100% 731,854 0.00% -
5,277,351$ -$ -$ 5,277,351$ -$ -$ 5,277,351$ -$
Private Improvements [g]
Private Improvements 10,761,019$ -$ 10,761,019$ -$ $ - $ - $ - $ -
10,761,019$ -$ 10,761,019$ -$ $ - $ - $ - $ -
Bond Issuance Costs [h]
Debt Service Reserve Fund 939,177$ -$ -$ 939,177$ 527,258$ 127,413$ 284,507$ -$
Underwriter Discount 335,970 - - 335,970 222,570 35,076 78,324 -
Underwriter's Counsel Fee 56,700 56,700 - 17,538 39,162 -
Cost of Issuance 796,290 - - 796,290 427,740 113,998 254,552 -
2,128,137$ -$ -$ 2,128,137$ 1,177,567$ 294,025$ 656,544$ -$
Other Costs
Deposit to Administrative Fund 80,000$ -$ -$ 80,000$ $ 40,000 $ 12,373 $ 27,627 $ -
80,000$ -$ -$ 80,000$ $ 40,000 $ 12,373 $ 27,627 $ -
Total $ 37,426,120 $ 967,052 $10,761,019 $ 25,698,050 $ 9,896,675 $ 4,884,638 $ 7,950,639 $ 2,966,098
Footnotes:
[a] Major Improvements and Improvement Area #1 Improvements costs based on the 2024 Amended and Restated Service and Assessment Plan. Improvement Area #2 Improvements costs based on the Engineer's Report
dated 3/1/2024, attached hereto as Appendix A, and subject to change. Improvement Area #2-A and Improvement Area #2-B costs based on the Engineer's Report dated 1/4/2021, attached hereto as Appendix A,and
subject to change. Authorized Improvement costs are estimates and will be updated with each Annual Service Plan Update, or Amended and Restated Service and Assessment Plan as appropriate, and include estimated
Improvement Area #2 Bond Issuance Costs and Deposit to Administrative Fund. The Developer will be responsible for paying in the event of increase in costs, and the Improvement Area #1 Assessment and Improvement
Area #2 Assessment will not be increased to cover these additional costs.
[b] The Developer has agreed to pay for the allocable share of the Actual Costs of these Authorized Improvements that benefit the Non-Assessed Property and is shown as Developer Contribution - Non-Assessed Property
on Exhibit D.
[c] The Non-Assessed Property was allocated a portion of the Major Improvements pro rata based on acreage to the Non-Assessed Property and the District total acreage at the time of the Original Service and Assessment
Plan as described therein.
[d] The Major Improvement costs allocated to the Disctrict were allocated to Improvement Area #1 at the time of the 2023 Amended and Restated Service and Assessment Plan. The remainder of such costs shall be
allocated to Improvement Area #2 and apportioned to the Remainder Area at the time of this 2024 Amended and Restated Service and Assessment Plan, as shown on Exhibit B-2.
[e] Soft Costs includes engineering, surveying, testing, platting, inspection, construction management, and District Formation Costs.
[f] The Improvement Area #2 Improvements are allocated to Improvement Area #2-A and Improvement Area #2-B pro rata based on acreage to the Estimated Buildout Value of all the Improvement Area #2 as described in
Section V.A.
[g] Private Improvements costs based on the 2024 Amended and Restated Servcie and Assessment Plan and the Engineer's Report dated 1/4/2021. Costs required to complete lots in Improvement Area #1 and
Improvement Area #2 and reach final lot completion; non-reimbursable to the Developer from Assessments or PID Bonds.
[h] Bond Issuance Costs associated with Improvement Area #1 Bonds had been updated to reflect the anticipated actual cost at the time of the Original Service and Assessment Plan. Bond Issuance Costs associated with the
Improvement Area #2 Bonds are estimates only and will be determined at the time the Improvement Area #2 Bonds are issued in the future. In the event the Improvement Area #2 Bonds are not sold in a reasonable time
frame, the portion of the assessment relating to these costs will be released.
Total Costs[a]Non-Assessed
Property[b]Private District
Eligible Costs
Improvement Area #1 Remainder AreaImprovement Area #2-A Improvement Area #2-B
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMEDNED AND RESTATED SERVICE AND ASSESSMENT PLAN 58
EXHIBIT B-2 – MAJOR IMPROVEMENTS APPORTIONMENT OF COSTS
%Costs %Costs
Improvement Area #1 218 78,930,000$ 1,343,359$ 0.00% -$
Improvement Area #2-A 48 18,480,000$ -$ 8.02% 320,997$
Improvement Area #2-B 123 41,265,000$ -$ 17.90% 716,772$
Remainder Area 535 170,760,000$ -$ 0.00% -$ 74.08% 2,966,098$
Total 924 309,435,000$ 1,343,359$ 25.92% 1,037,770$ 2,966,098$
Footnotes:
Improvement Area #2[c]
[a] Per information provided by the Developer in correspondance dated 2/20/2024.
[b] The costs of the Major Improvements allocated to Improvement Area #1 at the time of the 2023 Amended and Restated
Service and Assessment Plan.
[c] The costs of the Major Improvements after the allocation to Improvement Area #1 at the time of the 2023 Amended and
Restated Service and Assessment Plan, and are being allocated to Improvement Area #2 and apportioned to the Remainder
Area pro rata based on Estimated Buildout Value at the time of this 2024 Amended and Restated Service and Assessment
Plan.
[d] Total Remainder Area Apportionment of Costs reimbursable in part or in full from future Assessments expected to be
levied on the Remainder Area Apportioned Property.
Major Improvements
Remainder Area[c], [d]Improvement
Area #1[b]Improvement Area Units
Estimated
Buildout Value[a]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMEDNED AND RESTATED SERVICE AND ASSESSMENT PLAN 59
EXHIBIT B-3 – IMPROVEMENT AREA #2 ALLOCATION OF COSTS
%Costs
Improvement Area #2-A 48 18,480,000$ 30.93% 569,803$
Improvement Area #2-B 123 41,265,000$ 69.07% 1,272,344$
Total 171 59,745,000$ 100.00% 1,842,147$
Footnotes:
[a] Per information provided by the Developer in correspondance dated
2/20/2024.
[b] The costs of the Improvement Area #2 Improvements are being allocated to
Improvement Area #2-A and Improvement Area #2-B pro rata based on
Estimated Buildout Value at the time of this 2024 Amended and Restated Service
and Assessment Plan as described herein.
UnitsImprovement Area
Estimated
Buildout Value[a]
Improvement Area #2
Improvements
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMEDNED AND RESTATED SERVICE AND ASSESSMENT PLAN 60
EXHIBIT C – SERVICE PLAN
Annual Installments Due 1/31/2025 1/31/2026 1/31/2027 1/31/2028 1/31/2029
Principal 110,000.00$ 115,000.00$ 121,000.00$ 126,000.00$ 132,000.00$
Interest 413,977.50 408,615.00 403,008.76 397,110.00 390,967.50
(1) 523,977.50$ 523,615.00$ 524,008.76$ 523,110.00$ 522,967.50$
Additional Interest (2) 36,430.00$ 35,880.00$ 35,305.00$ 34,700.00$ 34,070.00$
Annual Collection Costs (3) 46,818.00$ 47,754.36$ 48,709.45$ 49,683.64$ 50,677.31$
Total Annual Installment (4) = (1) + (2) + (3) 607,225.50$ 607,249.36$ 608,023.21$ 607,493.64$ 607,714.81$
Annual Installments Due 1/31/2025 1/31/2026 1/31/2027 1/31/2028 1/31/2029
Principal 22,183.83$ 23,514.86$ 24,925.76$ 26,421.30$ 28,006.58$
Interest 105,228.82 103,897.79 102,486.90 100,991.36 99,406.08
(1) 127,412.66$ 127,412.66$ 127,412.66$ 127,412.66$ 127,412.66$
Additional Interest[a](2) -$ -$ -$ -$ -$
Annual Collection Costs (3) 12,372.58$ 12,620.04$ 12,872.44$ 13,129.88$ 13,392.48$
Total Annual Installment (4) = (1) + (2) + (3) 139,785.24$ 140,032.69$ 140,285.09$ 140,542.54$ 140,805.14$
Footnotes:
Annual Installments Due 1/31/2025 1/31/2026 1/31/2027 1/31/2028 1/31/2029
Principal 49,535.49$ 52,507.62$ 55,658.08$ 58,997.57$ 62,537.42$
Interest 234,971.18 231,999.05 228,848.59 225,509.11 221,969.25
(1) 284,506.67$ 284,506.67$ 284,506.67$ 284,506.67$ 284,506.67$
Additional Interest[a](2) -$ -$ -$ -$ -$
Annual Collection Costs (3) 27,627.42$ 28,179.96$ 28,743.56$ 29,318.44$ 29,904.81$
Total Annual Installment (4) = (1) + (2) + (3) 312,134.09$ 312,686.64$ 313,250.24$ 313,825.11$ 314,411.48$
Footnotes:
Improvement Area #2-B
[a] Additional Interest will not be charged on the Improvement Area #2-B Reimbursement Obligation. In the event
Improvement Area #2 Bonds are issued, the Service Plan and Improvement Area #2-B Assessment Roll shall be updated
to reflect the Additional Interest collected for the Improvement Area #2 Bonds.
[a] Additional Interest will not be charged on the Improvement Area #2-A Reimbursement Obligation. In the event
Improvement Area #2 Bonds are issued, the Service Plan and Improvement Area #2-A Assessment Roll shall be updated
to reflect the Additional Interest collected for the Improvement Area #2 Bonds.
Improvement Area #1
Improvement Area #2-A
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMEDNED AND RESTATED SERVICE AND ASSESSMENT PLAN 61
EXHIBIT D – SOURCES AND USES OF FUNDS
Private
Improvement
Area #1
Improvement
Area #2-A
Improvement
Area #2-B
Remainder
Area Total
Improvement Area #1 Bonds -$ 7,419,000$ -$ -$ -$ 7,419,000$
Improvement Area #1 Issuance Discount - (51,433) - - - (51,433)
Improvement Area #2 Reimbursement Obligation - - 1,753,814 3,916,186 - 5,670,000
Developer Contribution - Improvement Area #1[a]- 2,529,108 - - - 2,529,108
Developer Contribution - Improvement Area #2[a]- - 3,130,825 4,034,453 - 7,165,277
Developer Contribution - Major Improvements[b]- - - - 2,966,098 2,966,098
Developer Contribution - Non-Assessed Property[a],[c]967,052 - - - - 967,052
Developer Contribution - Private Improvements[a]10,761,019 - - - - 10,761,019
Total Sources 11,728,070$ 9,896,675$ 4,884,638$ 7,950,639$ 2,966,098$ 37,426,120$
Major Improvements 967,052$ 1,343,359$ 320,997$ 716,772$ 2,966,098$ 6,314,279$
Improvement Area #1 Improvements - 7,335,748 - - - 7,335,748
Improvement Area #2 Improvements - - 569,803 1,272,344 - 1,842,147
Improvement Area #2-A Improvements - - 3,687,441 - - 3,687,441
Improvement Area #2-B Improvements - - - 5,277,351 - 5,277,351
Private Improvements[a]10,761,019 - - - - 10,761,019
11,728,070$ 8,679,108$ 4,578,241$ 7,266,467$ 2,966,098$ 35,217,984$
Bond Issuance Costs [d], [e]
Debt Service Reserve Fund -$ 527,258$ 127,413$ 284,507$ -$ 939,177$
Underwriter's Discount - 222,570 35,076 78,324 - 335,970
Underwriter's Counsel Fee - - 17,538 39,162 - 56,700
Cost of Issuance - 427,740 113,998 254,552 - 796,290
-$ 1,177,567$ 294,025$ 656,544$ -$ 2,128,137$
Other Costs
Deposit to Administrative Fund -$ 40,000$ 12,373$ 27,627$ -$ 80,000$
-$ 40,000$ 12,373$ 27,627$ -$ 80,000$
Total Uses 11,728,070$ 9,896,675$ 4,884,638$ 7,950,639$ 2,966,098$ 37,426,120$
Footnotes:
Sources of Funds
Uses of Funds
[a] Non-reimbursable to the Developer from Assessments or PID Bonds.
[b] To be apportioned to the Remainder Area based on conferred benefit and is anticipated to be reimbursed, in whole or in part, but not yet levied.
[c] The Developer has agreed to pay for the allocable share of the Actual Costs of these Authorized Improvement that benefit the Non-Assessed Property. These costs
are non-reimbursable to the Developer from Assessments or PID Bonds.
[d] Bond Issuance Costs associated with Improvement Area #1 Bonds had been updated to reflect the anticipated actual cost at the time of the Original Service and
Assessment Plan. Bond Issuance Costs associated with the Improvement Area #2 Bonds are estimates only and will be determined at the time the Improvement Area
#2 Bonds are issued in the future. In the event the Improvement Area #2 Bonds are not sold in a reasonable time frame, the portion of the assessment relating to
these costs will be released.
[e] If Improvement Area #2 Bonds to refinance Improvement Area #2 Reimbursement Obligation are not issued within five years from the date the Improvement Area
#2 Assessments are levied, the Improvement Area #2 Assessments will be reduced in an amount equal to the estimated Bond Issuance Costs related to costs of issuing
Improvement Area #2 Bonds, as shown in the table. The City Council shall reduce the Improvement Area #2 Assessment on a pro rata basis among all Improvement
Area #2 Assessed Property.
Improvement Area #2
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMEDNED AND RESTATED SERVICE AND ASSESSMENT PLAN 62
EXHIBIT E – MAXIMUM ASSESSMENT AND TAX RATE EQUIVALENT
Per Unit Total Per Unit Total Per Unit Total
Improvement Area #1
Lot Type 1 188 360,000$ 67,680,000$ 33,231.47$ 6,247,517$ 2,777.86$ 522,237$ 0.7716$
Lot Type 2 30 375,000$ 11,250,000$ 34,616.12$ 1,038,483$ 2,893.60$ 86,808$ 0.7716$
Improvement Area #1 Subtotal 218 78,930,000$ 7,286,000$ 609,045$
Improvement Area #2-A
Lot Type 3 48 385,000$ 18,480,000$ 36,537.79$ 1,753,814$ 3,002.99$ 144,144$ 0.7800$
Improvement Area #2-A Subtotal 48 18,480,000$ 1,753,814$ 144,144$
Improvement Area #2-B
Lot Type 4 26 300,000$ 7,800,000$ 28,471.00$ 740,246$ 2,340.00$ 60,840$ 0.7800$
Lot Type 5 97 345,000$ 33,465,000$ 32,741.65$ 3,175,940$ 2,690.99$ 261,026$ 0.7800$
Improvement Area #2-B Subtotal 123 41,265,000$ 3,916,186$ 321,866$
Total 389 138,675,000$ 12,956,000$
Footnotes:
[a] Per information provided in correspondance dated 2/20/2024 by the Developer.
[b] Improvement Area #1 Estimated Buildout Value at the time of the Original Service and Assessment Plan
[c] Improvement Area #1 Assessment: the amount reflects the outstanding Assessment for Improvement Area #1 Assessed Property prior
to Prepayment of Assessment paid, but not yet redeemed, as further described in Section IX.C.
Estimated Buildout
Value[a], [b]Assessment[c]
Average Annual
Installment
Lot Type Units
[a]
Tax Rate
Equivalent
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 63
EXHIBIT F-1 – IMPROVEMENT AREA #1 ASSESSMENT ROLL
Property ID Situs Lot Type Notes
Outstanding
Assessment
Annual Installment
Due 1/31/25
2878330 2129 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878365 2148 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878360 2128 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878332 2121 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878345 1921 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878392 2016 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878388 2000 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878351 HAMPTON ST Non-Benefited Property -$ -$
2878448 2136 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878399 1937 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878382 1904 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878459 2201 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878352 HAMPTON ST Non-Benefited Property -$ -$
2878374 2121 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878375 2117 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878380 2101 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878387 1920 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878329 2133 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878339 2021 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878358 2120 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878355 2100 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878366 2152 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878350 HAMPTON ST Non-Benefited Property -$ -$
2878327 2141 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878328 2137 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878340 2017 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878341 2013 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878368 2201 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878391 2012 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878347 1913 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878404 1917 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878428 2001 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878412 1916 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878501 2016 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878389 2004 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878349 1905 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878445 2124 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878451 2204 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878333 2117 HAMPTON ST Lot Type 2 [b] -$ -$
2878335 2113 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
Improvement Area #1[a]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 64
Property ID Situs Lot Type Notes
Outstanding
Assessment
Annual Installment
Due 1/31/25
2878342 2009 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878378 2109 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878379 2105 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878454 2216 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878449 2140 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878416 1932 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878383 1908 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878458 2205 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878460 2129 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878338 2101 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878356 2108 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878346 1917 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878395 2013 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878469 2112 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878431 1941 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878479 2117 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878496 1948 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878437 1917 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878549 2116 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878484 1900 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878492 1932 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878488 1916 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878515 1933 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878531 1932 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878453 2212 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878519 1917 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878529 1924 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878442 2108 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878423 2020 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878421 2012 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878415 1928 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878411 1912 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878477 2205 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878409 1904 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878480 2113 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878551 2204 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878542 2020 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878486 1908 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878535 1948 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878534 1944 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
Improvement Area #1[a]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 65
Property ID Situs Lot Type Notes
Outstanding
Assessment
Annual Installment
Due 1/31/25
2878530 1928 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878450 2200 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878396 2009 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878336 2109 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878385 1912 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878398 2001 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878468 2100 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878429 1949 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878337 2105 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878343 2005 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878377 2113 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878397 2005 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878462 2121 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878406 1901 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878426 2009 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878441 2100 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878464 2113 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878465 2109 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878547 2108 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878413 1920 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878502 2020 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878482 2105 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878532 1936 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878483 2101 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878495 1944 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878506 2009 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878438 1913 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878544 2104 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878487 1912 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878538 2004 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878521 1905 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878386 1916 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878461 2125 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878401 1929 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878548 2112 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878543 2100 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878331 2125 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878359 2124 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878323 2149 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878364 2144 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
Improvement Area #1[a]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 66
Property ID Situs Lot Type Notes
Outstanding
Assessment
Annual Installment
Due 1/31/25
2878367 2209 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878390 2008 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878361 2132 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878370 2137 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878369 2141 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878372 2129 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878393 2021 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878447 2132 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878446 2128 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878467 2101 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878420 2008 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878419 2004 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878473 2128 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878353 HARLOW BLVD Non-Benefited Property -$ -$
2878489 1920 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878518 1921 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878524 1904 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878455 2217 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878472 2124 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878444 2120 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878422 2016 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878457 2209 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878523 1900 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878471 2120 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878432 1937 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878500 2012 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878410 1908 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878497 2000 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878504 2017 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878474 2200 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878503 2021 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878553 2212 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878537 1956 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878517 1925 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878490 1924 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878541 2016 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878511 1949 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878536 1952 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878527 1916 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878526 1912 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
Improvement Area #1[a]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 67
Property ID Situs Lot Type Notes
Outstanding
Assessment
Annual Installment
Due 1/31/25
2878525 1908 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878326 2145 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878363 2140 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878362 2136 HAMPTON ST Lot Type 1 33,231.47$ 2,770.58$
2878371 2133 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878373 2125 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878348 1909 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878394 2017 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878443 2112 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878400 1933 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878381 1900 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878513 1941 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878424 2017 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878405 1913 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878414 1924 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878514 1937 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878357 2112 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878498 2004 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878493 1936 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878491 1928 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878510 1953 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878466 2105 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878499 2008 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878434 1929 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878439 1905 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878440 1901 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878509 1957 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878539 2008 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878485 1904 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878516 1929 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878456 2213 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878402 1925 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878403 1921 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878476 2209 WILLIE RAY ST Non-Benefited Property -$ -$
2878407 1900 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878435 1925 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878554 2216 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878552 2208 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878452 2208 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878463 2117 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
Improvement Area #1[a]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 68
Property ID Situs Lot Type Notes
Outstanding
Assessment
Annual Installment
Due 1/31/25
2878425 2013 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878417 1936 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878430 1945 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878481 2109 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878433 1933 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878494 1940 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878520 1913 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878522 1901 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878507 2005 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878540 2012 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878533 1940 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878344 2001 HAMPTON ST Lot Type 2 34,616.12$ 2,886.02$
2878470 2116 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878478 2201 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878505 2013 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878508 2001 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878550 2200 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878512 1945 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878528 1920 WILLIE RAY ST Lot Type 1 33,231.47$ 2,770.58$
2878418 2000 STINNET ST Lot Type 1 33,231.47$ 2,770.58$
2878427 2005 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878475 2204 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
2878436 1921 SUE ELLEN ST Lot Type 1 33,231.47$ 2,770.58$
7,251,383.84$ 604,563.62$
Footnotes:
[a] Totals may not sum or match the total outstanding Assessment or Annual Installment due to rounding
and Prepayment of Assessment.
[b] Property ID prepaid Assessment in full.
Improvement Area #1[a]
Total
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 69
EXHIBIT F-2 – IMPROVEMENT AREA #1 ANNUAL INSTALLMENT
Annual Installments
Due 1/31 Principal Interest
[a]
Additional
Interest
Reserve
Fund[b]
Annual
Collection Costs
Total Annual
Installment[c]
2025 110,000.00$ 413,977.50$ 36,430.00$ -$ 46,818.00$ 607,225.50$
2026 115,000.00$ 408,615.00$ 35,880.00$ -$ 47,754.36$ 607,249.36$
2027 121,000.00$ 403,008.76$ 35,305.00$ -$ 48,709.45$ 608,023.21$
2028 126,000.00$ 397,110.00$ 34,700.00$ -$ 49,683.64$ 607,493.64$
2029 132,000.00$ 390,967.50$ 34,070.00$ -$ 50,677.31$ 607,714.81$
2030 138,000.00$ 384,532.50$ 33,410.00$ -$ 51,690.86$ 607,633.36$
2031 145,000.00$ 377,805.00$ 32,720.00$ -$ 52,724.68$ 608,249.68$
2032 153,000.00$ 369,648.76$ 31,995.00$ -$ 53,779.17$ 608,422.93$
2033 161,000.00$ 361,042.50$ 31,230.00$ -$ 54,854.75$ 608,127.25$
2034 170,000.00$ 351,986.26$ 30,425.00$ -$ 55,951.85$ 608,363.11$
2035 180,000.00$ 342,423.76$ 29,575.00$ -$ 57,070.89$ 609,069.65$
2036 190,000.00$ 332,298.76$ 28,675.00$ -$ 58,212.31$ 609,186.07$
2037 200,000.00$ 321,611.26$ 27,725.00$ -$ 59,376.56$ 608,712.82$
2038 212,000.00$ 310,361.26$ 26,725.00$ -$ 60,564.09$ 609,650.35$
2039 223,000.00$ 298,436.26$ 25,665.00$ -$ 61,775.37$ 608,876.63$
2040 236,000.00$ 285,892.50$ 24,550.00$ -$ 63,010.88$ 609,453.38$
2041 249,000.00$ 272,617.50$ 23,370.00$ -$ 64,271.10$ 609,258.60$
2042 264,000.00$ 258,611.26$ 22,125.00$ -$ 65,556.52$ 610,292.78$
2043 279,000.00$ 243,761.26$ 20,805.00$ -$ 66,867.65$ 610,433.91$
2044 294,000.00$ 228,067.50$ 19,410.00$ -$ 68,205.00$ 609,682.50$
2045 312,000.00$ 210,795.00$ 17,940.00$ -$ 69,569.10$ 610,304.10$
2046 331,000.00$ 192,465.00$ 16,380.00$ -$ 70,960.48$ 610,805.48$
2047 350,000.00$ 173,018.76$ 14,725.00$ -$ 72,379.69$ 610,123.45$
2048 372,000.00$ 152,456.26$ 12,975.00$ -$ 73,827.28$ 611,258.54$
2049 394,000.00$ 130,601.26$ 11,115.00$ -$ 75,303.83$ 611,020.09$
2050 418,000.00$ 107,453.76$ 9,145.00$ -$ 76,809.91$ 611,408.67$
2051 443,000.00$ 82,896.26$ 7,055.00$ -$ 78,346.11$ 611,297.37$
2052 470,000.00$ 56,870.00$ 4,840.00$ -$ 79,913.03$ 611,623.03$
2053 498,000.00$ 29,257.50$ 2,490.00$ (527,257.50)$ 81,511.29$ 84,001.29$
Total 7,286,000.00$ 7,888,588.90$ 681,455.00$ (527,257.50)$ 1,816,175.16$ 17,144,961.56$
Footnotes:
[a] Interest rate on the Improvement Area #1 Bonds is 4.875%for bonds maturing 2030, 5.625% for bonds maturing 2043,
and 5.875% for bonds maturing 2053.
[b] Assumes the Reserve Fund is fully funded and available to reduce Annual Installments in the final year.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual
Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the
amounts shown.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 70
EXHIBIT G-1 – IMPROVEMENT AREA #2-A ASSESSMENT ROLL
Property ID[a]Lot Type
Outstanding
Assessment
Annual Installment
Due 1/31/25
2832376 Improvement Area #2-A Initial Parcel 1,753,813.71$ 139,785.24$
1,753,813.71$ 139,785.24$
Footnotes:
[a] As of January 2024, the entire Improvement Area #2-A is contained within Property ID
2832376. For billing purposes, the Improvement Area #2-A Annual Installment due 1/31/2025
shall be allocated to Improvement Area #2-A Initial Parcel.
Improvement Area #2-A
Total
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 71
EXHIBIT G-2 – PROJECTED IMPROVEMENT AREA #2-A ANNUAL INSTALLMENT
Annual Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 22,183.83$ 105,228.82$ 12,372.58$ 139,785.24$
2026 23,514.86$ 103,897.79$ 12,620.04$ 140,032.69$
2027 24,925.76$ 102,486.90$ 12,872.44$ 140,285.09$
2028 26,421.30$ 100,991.36$ 13,129.88$ 140,542.54$
2029 28,006.58$ 99,406.08$ 13,392.48$ 140,805.14$
2030 29,686.97$ 97,725.68$ 13,660.33$ 141,072.99$
2031 31,468.19$ 95,944.46$ 13,933.54$ 141,346.20$
2032 33,356.28$ 94,056.37$ 14,212.21$ 141,624.87$
2033 35,357.66$ 92,055.00$ 14,496.45$ 141,909.11$
2034 37,479.12$ 89,933.54$ 14,786.38$ 142,199.04$
2035 39,727.87$ 87,684.79$ 15,082.11$ 142,494.77$
2036 42,111.54$ 85,301.12$ 15,383.75$ 142,796.41$
2037 44,638.23$ 82,774.42$ 15,691.43$ 143,104.09$
2038 47,316.53$ 80,096.13$ 16,005.26$ 143,417.91$
2039 50,155.52$ 77,257.14$ 16,325.36$ 143,738.02$
2040 53,164.85$ 74,247.81$ 16,651.87$ 144,064.53$
2041 56,354.74$ 71,057.92$ 16,984.91$ 144,397.56$
2042 59,736.03$ 67,676.63$ 17,324.60$ 144,737.26$
2043 63,320.19$ 64,092.47$ 17,671.10$ 145,083.75$
2044 67,119.40$ 60,293.26$ 18,024.52$ 145,437.18$
2045 71,146.56$ 56,266.09$ 18,385.01$ 145,797.67$
2046 75,415.36$ 51,997.30$ 18,752.71$ 146,165.37$
2047 79,940.28$ 47,472.38$ 19,127.76$ 146,540.42$
2048 84,736.69$ 42,675.96$ 19,510.32$ 146,922.97$
2049 89,820.90$ 37,591.76$ 19,900.52$ 147,313.18$
2050 95,210.15$ 32,202.51$ 20,298.53$ 147,711.19$
2051 100,922.76$ 26,489.90$ 20,704.50$ 148,117.16$
2052 106,978.12$ 20,434.53$ 21,118.59$ 148,531.25$
2053 113,396.81$ 14,015.85$ 21,540.96$ 148,953.62$
2054 120,200.62$ 7,212.04$ 21,971.78$ 149,384.44$
Total[c]1,753,813.71$ 2,068,566.00$ 501,931.97$ 4,324,311.67$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to change.
[b] The figures shown above are estimates only and subject to change in Annual Service
Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available
offsets could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 72
EXHIBIT G-3 – IMPROVEMENT AREA #2-B ASSESSMENT ROLL
Property ID[a]Lot Type
Outstanding
Assessment
Annual Installment
Due 1/31/25
2832376 Improvement Area #2-B Initial Parcel 3,916,186.29$ 312,134.09$
3,916,186.29$ 312,134.09$
Footnotes:
[a] As of January 2024, the entire Improvement Area #2-B is contained within Property ID
2832376. For billing purposes, the Improvement Area #2-B Annual Installment due 1/31/2025
shall be allocated to Improvement Area #2-B Initial Parcel.
Improvement Area #2-B
Total
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 73
EXHIBIT G-4 – PROJECTED IMPROVEMENT AREA #2-B ANNUAL INSTALLMENT
Annual Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 49,535.49$ 234,971.18$ 27,627.42$ 312,134.09$
2026 52,507.62$ 231,999.05$ 28,179.96$ 312,686.64$
2027 55,658.08$ 228,848.59$ 28,743.56$ 313,250.24$
2028 58,997.57$ 225,509.11$ 29,318.44$ 313,825.11$
2029 62,537.42$ 221,969.25$ 29,904.81$ 314,411.48$
2030 66,289.66$ 218,217.01$ 30,502.91$ 315,009.58$
2031 70,267.04$ 214,239.63$ 31,112.96$ 315,619.63$
2032 74,483.07$ 210,023.60$ 31,735.22$ 316,241.89$
2033 78,952.05$ 205,554.62$ 32,369.93$ 316,876.60$
2034 83,689.17$ 200,817.50$ 33,017.33$ 317,524.00$
2035 88,710.52$ 195,796.15$ 33,677.67$ 318,184.34$
2036 94,033.16$ 190,473.51$ 34,351.23$ 318,857.90$
2037 99,675.15$ 184,831.53$ 35,038.25$ 319,544.92$
2038 105,655.65$ 178,851.02$ 35,739.01$ 320,245.68$
2039 111,994.99$ 172,511.68$ 36,453.80$ 320,960.47$
2040 118,714.69$ 165,791.98$ 37,182.87$ 321,689.54$
2041 125,837.58$ 158,669.10$ 37,926.52$ 322,433.19$
2042 133,387.83$ 151,118.84$ 38,685.06$ 323,191.73$
2043 141,391.10$ 143,115.57$ 39,458.75$ 323,965.43$
2044 149,874.57$ 134,632.11$ 40,247.93$ 324,754.60$
2045 158,867.04$ 125,639.63$ 41,052.89$ 325,559.56$
2046 168,399.06$ 116,107.61$ 41,873.95$ 326,380.62$
2047 178,503.01$ 106,003.67$ 42,711.43$ 327,218.10$
2048 189,213.19$ 95,293.49$ 43,565.65$ 328,072.32$
2049 200,565.98$ 83,940.69$ 44,436.97$ 328,943.64$
2050 212,599.94$ 71,906.74$ 45,325.71$ 329,832.38$
2051 225,355.93$ 59,150.74$ 46,232.22$ 330,738.89$
2052 238,877.29$ 45,629.38$ 47,156.86$ 331,663.53$
2053 253,209.92$ 31,296.75$ 48,100.00$ 332,606.67$
2054 268,402.52$ 16,104.15$ 49,062.00$ 333,568.67$
Total[c]3,916,186.29$ 4,619,013.85$ 1,120,791.26$ 9,655,991.40$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to change.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan
Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets
could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 74 EXHIBIT H-1 – MAPS OF MAJOR IMPROVEMENTS
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 75
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 76
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 77
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 78 EXHIBIT H-2 – MAPS OF IMPROVEMENT AREA #1 IMPROVEMENTS
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 79
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 80
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 81
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 82 EXHIBIT H-3 – MAPS OF IMPROVEMENT AREA #2 IMPROVEMENTS, IMPROVEMENT AREA #2-A IMPROVEMENTS, AND IMPROVEMENT AREA #2-B IMPROVEMENTS
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 83
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 84
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 85
EXHIBIT I – FORM OF NOTICE OF ASSESSMENT TERMINATION
P3Works, LLC
9284 Huntington Square, Suite 100
North Richland Hills, TX 76182
______________________________________________________________________________
[Date]
Collin County Clerk’s Office
Honorable [County Clerk]
Collin County Administration Building
2300 Bloomdale Rd, Suite 2106
McKinney, TX 75071
Re: City of Anna Lien Release documents for filing
Dear Ms./Mr. [County Clerk]
Enclosed is a lien release that the City of Anna is requesting to be filed in your office. Lien release
for [insert legal description]. Recording Numbers: [Plat]. Please forward copies of the filed
documents to my attention:
City of Anna
Attn: City Secretary
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
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 86
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 February 14, 2023, the City Council of the City approved Resolution No.
2023-02-1378 creating The Woods at Lindsey Place Public Improvement District (the “District”);
and
WHEREAS, the District consists of approximately 198.006 contiguous acres within the
corporate limits of the City; and
WHEREAS, on March 14, 2023, the City Council, approved Ordinance No.
____________, (hereinafter referred to as the "Assessment Ordinance") approving a service and
assessment plan and assessment roll for the real property located with the District, the Assessment
Ordinance being recorded on _____________, as Instrument No. ________ in the Official Public
Records of Collin County, TX; and
WHEREAS, the Assessment Ordinance imposed an assessment in the amount of [amount]
(hereinafter referred to as the "Lien Amount") and further imposed a lien to secure the payment of
the Lien Amount (the “Lien”) against the following property located within the District, to wit:
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 87
[legal description], an addition to the City of [City], [County], Texas, according to
the map or plat thereof recorded as Instrument No. ________ in the Map Records
of Collin County, Texas (the "Property"); and
WHEREAS, the Lien Amount has been paid in full.
RELEASE
NOW THEREFORE, for and in consideration of the full payment of the Lien Amount, the
City/County hereby releases and discharges, and by these presents does hereby release and
discharge, the Lien to the extent that is affects and encumbers the Property.
EXECUTED to be EFFECTIVE this the _____ day of _________, 20__.
CITY OF ANNA, TEXAS,
A Texas home rule municipality,
By: _______________________________
[Manager Name], City Manager
ATTEST:
_______________________________
[Secretary Name], City Secretary
STATE OF TEXAS §
§
COUNTY OF COLLIN §
This instrument was acknowledged before me on the ____ day of ________, 20__, by
[City Manager], City Manager for the City of Anna, Texas, a Texas home rule municipality, on
behalf of said municipality.
_______________________________
Notary Public, State of Texas
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 88
EXHIBIT J – DEBT SERVICE SCHEDULE FOR IMPROVEMENT AREA #1 BONDS
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 89
EXHIBIT L-1 – DISTRICT LEGAL DESCRIPTION
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 90
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 91
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 92
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 93
EXHIBIT L-2 – IMPROVEMENT AREA #1 LEGAL DESCRIPTION
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 94
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 95
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 96
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 97
EXHIBIT L-3 – IMPROVEMENT AREA #2-A LEGAL DESCRIPTION
WHEREAS D.R. HORTON-TEXAS, LTD., are the owners of a tract of land situated in the City of Anna,
Collin County, Texas, being a part of Eli W. Witt Survey, Abstract No. 997, being a part of a called 275.00
acre tract of land as described in Special Warranty Deed to D.R. HORTON-TEXAS, LTD., recorded in
Instrument No. 20210212000310470, Official Public Records of Collin County, Texas (O.P.R.C.C.T.), and
being more particularly described as follows;
COMMENCING at a five-eighths inch iron rod with yellow plastic cap (stamp illegible) found at the
southeast corner of said 275.00 acre tract and at the northeast corner of a called 61.905 acre tract of
land as described in a Special Warranty Deed to Bloomfield Homes, LP, a Texas Limited Partnership,
recorded in Instrument No. 20211220002555410 (O.P.R.C.C.T.);
THENCE South 89 degrees 28 minutes 48 seconds West, along the south line of said 275.00 acre tract
and the north line of said 61.905 acre tract, a distance of 659.19 feet to a one-half inch iron rod with
yellow plastic cap stamped “BOHLER ENG.”, (hereon after called “capped iron rod”) set at the POINT OF
BEGINNING of the herein described tract of land;
THENCE South 89 degrees 28 minutes 48 seconds West, along the south line of said 275.000 acre tract, a
distance of 2,325.68 feet to a mag nail with washer stamped "BOHLER ENG." set at the southwest corner
of said 275.00 acre tract of land, at the northwest corner of a called 64.50 acre tract of land described in
a in a deed, recorded in Volume 5106, Page 2380 (O.P.R.C.C.T.) and said corner being in the east line of a
called 17.863 acre tract of land as described in a Special Warranty Deed to Anna 18, LLC, a Texas limited
liability company, recorded in Instrument No. 20161020001423440 (O.P.R.C.C.T.);
THENCE North 01 degree 07 minutes 28 seconds West, along the west line of said 275.00 acre tract, and
the east line of said 17.863 acre tract, a distance of 272.50 feet to a one-half inch iron rod found at the
northeast corner of said 17.863 acre tract and the southeast corner of a called 74.451 acre tract of land
as described in a General Warranty Deed to Anna 75 Investors, LLC, recorded in Instrument No.
2023000049628 (O.P.R.C.C.T.);
THENCE North 00 degrees 33 minutes 39 seconds West, along the west line of said 275.00 acre tract and
the east line of said 74.451 acre tract, a distance of 4.67 feet to a capped iron rod found at the
southwest corner of Rosamond Parkway (120-foot width right-of-way) as shown on final plat of The
Woods at Lindsey Place Phase 1, recorded in Instrument No. 2023010000115 (O.P.R.C.C.T.),;
THENCE Along the southerly right-of-way line of said Rosamond Parkway, the following courses and
distances:
Northeasterly a distance of 408.87 feet along a non-tangent curve to the left, having a central
angle of 25 degrees 44 minutes 36 seconds, a radius of 910.00 feet, a tangent length of 207.94
feet and whose chord bears North 70 degrees 11 minutes 40 seconds East, a distance of 405.44
feet to a capped iron rod found for corner;
Northeasterly a distance of 442.68 feet along a tangent curve to the right, having a central angle
of 32 degrees 06 minutes 22 seconds, a radius of 790.00 feet, a tangent length of 227.32 feet
and whose chord bears of North 73 degrees 22 minutes 33 seconds East, a distance of 436.91
feet to a capped iron rod found for corner;
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 98
North 89 degrees 25 minutes 44 seconds East, a distance of 42.00 feet to a capped iron rod
found for corner;
South 45 degrees 34 minutes 16 seconds East, a distance of 42.43 feet to a capped iron rod
found for corner;
North 89 degrees 25 minutes 44 seconds East, a distance of 90.00 feet to a capped iron rod
found for corner;
North 44 degrees 25 minutes 44 seconds East, a distance of 42.43 feet to a capped iron rod
found for corner:
North 89 degrees 25 minutes 44 seconds East, a distance of 287.14 feet to a capped iron rod
found for corner;
Northeasterly a distance of 597.97 feet along a tangent curve to the left, having a central angle
of 27 degrees 11 minutes 29 seconds, a radius of 1,260.00 feet, a tangent length of 304.73 feet
and whose chord bears North 75 degrees 49 minutes 59 seconds, and a chord distance of
592.38 feet to a capped iron rod found for corner;
North 62 degrees 14 minutes 14 seconds East, a distance of 357.72 feet to a capped iron rod
found for corner;
South 27 degrees 45 minutes 46 seconds East, a distance of 15.00 feet to a capped iron rod set
for corner;
South 49 degrees 18 minutes 42 seconds East, a distance of 194.61 feet to a capped iron rod set
for corner;
South 00 degrees 31 minutes 12 seconds East, a distance of 694.65 feet to the POINT OF
BEGINNING containing 1,273,196 Sq. Ft. and 29.229 acres of land.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 99
EXHIBIT L-4 – IMPROVEMENT AREA #2-B LEGAL DESCRIPTION
WHEREAS D.R. HORTON – TEXAS, LTD., is the owner of a tract of land situated in the
City of Anna, Collin County, Texas, being a part of Eli Witt Survey, Abstract No. 997, being a
part of a called 275.00 acre tract of land described in Special Warranty Deed to D.R. HORTON –
TEXAS, LTD., recorded in Instrument No. 20210212000310470, Official Public Records, Collin
County, Texas, (O.P.R.C.C.T.) and the subject tract, and being more particularly described as
follows;
COMMENCING at a one-half inch iron rod found on the west line of said 275.00 acre tract, at
the northeast corner of a called 17.863 acre tract of land described in a Special Warranty Deed to
Anna 18, LLC, recorded by Inst. No. 20161020001423440, (O.P.R.C.C.T.) and at the southeast
corner of a called 74.451 acre tract of land described in a Special Warranty Deed to Anna 75
Investors, LLC recorded in Instrument Number 2023000049628, (O.P.R.C.C.T.);
THENCE North 00 degrees 33 minutes 39 seconds West, along the west line of said 275.00 acre
tract and the east line of said 74.451 acre tract, passing at a distance of 4.67 feet a one-half inch
iron rod with yellow plastic cap stamped “BOHLER ENG” found at the southwest corner of
Rosamond Parkway (120-foot width right-of-way) as shown on final plat of The Woods at
Lindsey Place Phase 1, an addition to the City of Anna, recorded in Instrument No.
2023010000115 (O.P.R.C.C.T.), and passing at a distance of 125.53 feet a one-half inch iron rod
with yellow plastic cap stamped “BOHLER ENG” found at the northwest corner of said
Rosamond Parkway, in all, a total distance of 2,864.10 feet to a one-half inch iron rod with a
yellow plastic cap stamped “BOHLER ENG” (herein after called a “capped iron rod”) set at
being the POINT OF BEGINNING;
THENCE North 00 degrees 33 minutes 39 seconds West, continuing along the west line of said
275.00 acre tract and the east line of said 74.451 acre tract, a distance of 928.78 feet to a capped
iron rod set for corner;
THENCE departing the west line of said 275.00 acre tract and the east line of said 74.451 acre
tract, over and across said 275.00 acre tract the following courses and distances;
Northeasterly a distance of 780.55 feet along a non-tangent curve to the right, having a central
angle of 21 degrees 55 minutes 21 seconds, a radius is 2,040.00 feet, a tangent length of 395.11
feet and whose chord bears North 21 degrees 45 minutes 56 seconds East, a chord distance of
775.80 feet to a capped iron rod set for corner;
North 32 degrees 43 minutes 36 seconds East, a distance of 143.56 feet to a capped iron rod set
for corner on the north line of said 275.00 acre tract and the south line of a called 92.667 acre
tract of land described as Tract Two in a Correction Special Warranty Deed to Liberty 800, LP
recorded by Instrument No. 2023000025691 (O.P.R.C.C.T.), from which a one-half inch iron rod
found bears North 86 degrees 39 minutes 03 seconds West, a distance of 374.37 feet for the
northwest corner of said 275.00 are tract;
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 100
THENCE South 86 degrees 39 minutes 03 seconds East, along the north line of said 275.00 acre
tract and the south line of said 92.667 acre tract, a distance of 91.81 feet to a capped iron rod set
for corner, from which a one-half inch iron rod found bears South 86 degrees 39 minutes 03
seconds East, a distance of 308.57 feet for the most easterly southeast corner of said 92.667 acre
tract;
THENCE departing the north line of said 275.00 acre tract and the south line of said 92.667 acre
tract, over and across said 275.00 acre tract the following courses and distances:
South 32 degrees 43 minutes 36 seconds West, a distance of 88.26 feet to a capped iron
rod set for corner;
South 12 degrees 16 minutes 24 seconds East, a distance of 42.43 feet to a capped iron
rod set for corner;
South 32 degrees 43 minutes 36 seconds West, a distance of 70.34 feet to a capped iron
rod set for corner;
Southwesterly a distance of 20.23 feet along a tangent curve to the left, having a central
angle of 00 degrees 36 minutes 03 seconds, a radius is 1,930.00 feet, a tangent length of
10.12 feet and whose chord bears South 32 degrees 25 minutes 35 seconds West, a
distance of 20.23 feet to a capped iron rod set for corner;
South 77 degrees 22 minutes 37 seconds West, a distance of 41.93 feet to a capped iron
rod set for corner;
Southwesterly a distance of 660.10 feet along a non-tangent curve to the left, having a
central angle of 19 degrees 17 minutes 47 seconds, a radius is 1,960.00 feet, a tangent
length of 333.21 feet and whose chord bears South 21 degrees 36 minutes 54 seconds
West, a chord distance of 656.99 feet to a capped iron rod set for corner;
South 33 degrees 37 minutes 41 seconds East, a distance of 42.31 feet to a capped iron
rod set for corner;
Southwesterly a distance of 90.24 feet along a non-tangent curve to the left, having a
central angle of 02 degrees 40 minutes 44 seconds, a radius is 1,930.00 feet, a tangent
length of 45.13 feet and whose chord bears South 09 degrees 44 minutes 53 seconds
West, and chord distance of 90.23 feet to a capped iron rod set for corner;
South 53 degrees 05 minutes 56 seconds West, a distance of 42.33 feet to a capped iron
rod set for corner;
Southwesterly distance of 276.75 feet along a non-tangent curve to the left, having a
central angle of 08 degrees 05 minutes 23 seconds, a radius is 1,960.00 feet, a tangent
length of 138.60 feet and whose chord bears South 03 degrees 29 minutes 03 seconds
West, and chord distance of 276.51 feet to a capped iron rod set for corner;
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 101
South 00 degrees 33 minutes 39 seconds East, a distance of 291.35 feet to a capped iron
rod set for corner;
South 45 degrees 33 minutes 39 seconds East, a distance of 42.43 feet to a capped iron
rod set for corner;
North 89 degrees 26 minutes 21 seconds East, a distance of 167.00 feet to a capped iron
rod set for corner;
South 77 degrees 19 minutes 13 seconds East, a distance of 77.32 feet to a capped iron
rod set for corner;
North 51 degrees 03 minutes 34 seconds East, a distance of 12.42 feet to capped iron rod
set for corner;
North 00 degrees 33 minutes 39 seconds West, a distance of 105.00 feet to a capped iron
rod set for corner;
North 89 degrees 26 minutes 21 seconds East, a distance of 540.00 feet to a capped iron
rod set for corner;
South 00 degrees 33 minutes 39 seconds East, a distance of 115.00 feet to a capped iron
rod set for corner;
North 89 degrees 26 minutes 21 seconds East, a distance of 24.50 feet to a capped iron
rod set for corner;
South 00 degrees 33 minutes 39 seconds East, a distance of 50.00 feet to a capped iron
rod set for corner;
South 89 degrees 26 minutes 21 seconds West, a distance of 7.77 feet to a capped iron
rod set for corner;
South 44 degrees 26 minutes 21 seconds West, a distance of 14.14 feet to a capped iron
rod set for corner;
South 00 degrees 33 minutes 39 seconds East, a distance of 110.00 feet to a capped iron
rod set for corner;
North 89 degrees 26 minutes 21 seconds East, a distance of 310.00 feet to a capped iron
rod set for corner;
South 00 degrees 33 minutes 39 seconds East, a distance of 120.00 feet to a capped iron
rod set for corner;
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 102
North 89 degrees 26 minutes 21 seconds East, a distance of 128.63 feet to a capped iron
rod set for corner;
South 00 degrees 33 minutes 39 seconds East, a distance of 460.00 feet to a capped iron
rod set for corner;
South 89 degrees 26 minutes 21 seconds West, a distance of 21.37 feet to a capped iron
rod set for corner;
South 00 degrees 33 minutes 39 seconds East, a distance of 150.00 feet to a capped iron
rod set for corner;
South 27 degrees 46 minutes 10 seconds East, a distance of 58.73 feet to a capped iron
rod set for corner;
North 62 degrees 13 minutes 50 seconds East, a distance of 15.47 feet to a capped iron
rod set for corner;
Northeasterly distance of 28.46 feet along a non-tangent curve to the left, having a central
angle of 07 degrees 14 minutes 52 seconds, a radius is 225.00 feet, a tangent length of
14.25 feet and whose chord bears North 58 degrees 36 minutes 24 seconds East, and
chord distance of 28.44 feet to a capped iron rod set for corner;
South 35 degrees 01 minute 02 seconds East, a distance of 50.00 feet to a capped iron rod
set for corner;
Southwesterly a distance of 8.36 feet along a non-tangent curve to the right, having a
central angle of 01 degree 44 minutes 33 seconds, a radius is 275.00 feet, a tangent length
of 4.18 feet, and whose chord bears South 56 degrees 53 minutes 46 seconds West and a
chord distance of 8.36 feet to a capped iron rod set for corner;
South 14 degrees 33 minutes 48 seconds West, a distance of 14.78 feet to a capped iron
rod set for corner;
South 27 degrees 46 minutes 10 seconds East, a distance of 220.49 feet to a capped iron
rod set for corner;
South 72 degrees 46 minutes 10 seconds East, a distance of 14.14 feet to a capped iron
rod set for corner;
North 62 degrees 13 minutes 50 seconds East, a distance of 10.50 feet to a capped iron
rod set for corner;
South 27 degrees 46 minutes 10 seconds East, a distance of 50.00 feet to a capped iron
rod set for corner;
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 103
South 62 degrees 13 minutes 50 seconds West, a distance of 10.50 feet to a capped iron
rod set for corner;
South 17 degrees 13 minutes 50 seconds West, a distance of 14.14 feet to a capped iron
rod set for corner;
South 27 degrees 46 minutes 10 seconds East, a distance of 110.00 feet to a one-half inch
iron rod with cap stamped “BOHLER ENG” found at the northwest corner of Lot 15,
Block N of The Woods at Lindsey Place Phase 1, an addition to the City of Anna, as
recorded in Instrument Number 2023010000115, O.P.R.C.C.T.;
THENCE along the north line of said The Woods at Lindsey Place Phase 1 the following
courses and distances:
South 62 degrees 13 minutes 50 seconds West, a distance of 324.78 feet to a one-half
inch iron rod with cap stamped “BOHLER ENG” found in the north line of Lot 6, Block
O
South 89 degrees 25 minutes 47 seconds West, a distance of 556.69 feet a one-half inch
iron rod with cap stamped “BOHLER ENG” found in the west line of Harlow Blvd (a 50’
right-of-way);
North 00 degrees 33 minutes 39 seconds West, a distance of 959.91 feet to a capped iron
rod set for corner;
North 04 degrees 43 minutes 04 seconds West, a distance of 100.26 feet to a capped iron
rod set for corner;
North 00 degrees 33 minutes 39 seconds West, a distance of 250.00 feet to a capped iron
rod set for corner;
South 89 degrees 26 minutes 21 seconds West a distance of 698.73 feet to the POINT
OF BEGINNING containing 1,196,749 Sq. Ft. or 27.474 acres;
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 104
EXHIBIT L-5 – REMAINDER AREA LEGAL DESCRIPTION
The Remainder Area is the boundary described in Exhibit L-1 save and except the boundaries
described in Exhibit L-2, Exhibit L-3, and Exhibit L-4.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 105
APPENDIX A – IMPROVEMENT AREA #2 INVOICE SUMMARY TABLE
[Remainder of page left intentionally blank.]
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT 2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 106
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT
2024 AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN 107
APPENDIX B – BUYER DISCLOSURES
Forms of the buyer disclosures for the following Lot Types are found in this Appendix:
Improvement Area #1
o Lot Type 1
o Lot Type 2
Improvement Area #2-A
o Improvement Area #2-A Initial Parcel
o Lot Type 3
Improvement Area #2-B
o Improvement Area #2-B Initial Parcel
o Lot Type 4
o Lot Type 5
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #1 LOT TYPE 1
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
LOT TYPE 1 PRINCIPAL ASSESSMENT: $33,231.47
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
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 Installments
Due 1/31 Principal Interest
[a]
Additional
Interest
Reserve
Fund[b]
Annual
Collection Costs
Total Annual
Installment[c]
2025 501.71$ 1,888.15$ 166.16$ -$ 214.56$ 2,770.58$
2026 524.52$ 1,863.69$ 163.65$ -$ 218.85$ 2,770.71$
2027 551.88$ 1,838.12$ 161.03$ -$ 223.22$ 2,774.26$
2028 574.69$ 1,811.22$ 158.27$ -$ 227.69$ 2,771.86$
2029 602.05$ 1,783.20$ 155.39$ -$ 232.24$ 2,772.89$
2030 629.42$ 1,753.85$ 152.38$ -$ 236.89$ 2,772.54$
2031 661.35$ 1,723.17$ 149.24$ -$ 241.63$ 2,775.38$
2032 697.83$ 1,685.97$ 145.93$ -$ 246.46$ 2,776.19$
2033 734.32$ 1,646.72$ 142.44$ -$ 251.39$ 2,774.86$
2034 775.37$ 1,605.41$ 138.77$ -$ 256.41$ 2,775.96$
2035 820.98$ 1,561.80$ 134.89$ -$ 261.54$ 2,779.21$
2036 866.59$ 1,515.62$ 130.79$ -$ 266.77$ 2,779.77$
2037 912.20$ 1,466.87$ 126.45$ -$ 272.11$ 2,777.63$
2038 966.93$ 1,415.56$ 121.89$ -$ 277.55$ 2,781.94$
2039 1,017.10$ 1,361.17$ 117.06$ -$ 283.10$ 2,778.43$
2040 1,076.40$ 1,303.96$ 111.97$ -$ 288.76$ 2,781.09$
2041 1,135.69$ 1,243.41$ 106.59$ -$ 294.54$ 2,780.23$
2042 1,204.10$ 1,179.53$ 100.91$ -$ 300.43$ 2,784.97$
2043 1,272.52$ 1,111.80$ 94.89$ -$ 306.44$ 2,785.65$
2044 1,340.94$ 1,040.22$ 88.53$ -$ 312.57$ 2,782.25$
2045 1,423.03$ 961.44$ 81.82$ -$ 318.82$ 2,785.11$
2046 1,509.69$ 877.83$ 74.71$ -$ 325.20$ 2,787.43$
2047 1,596.35$ 789.14$ 67.16$ -$ 331.70$ 2,784.35$
2048 1,696.69$ 695.35$ 59.18$ -$ 338.33$ 2,789.56$
2049 1,797.04$ 595.67$ 50.70$ -$ 345.10$ 2,788.50$
2050 1,906.50$ 490.10$ 41.71$ -$ 352.00$ 2,790.31$
2051 2,020.52$ 378.09$ 32.18$ -$ 359.04$ 2,789.84$
2052 2,143.67$ 259.38$ 22.08$ -$ 366.22$ 2,791.35$
2053 2,271.38$ 133.44$ 11.36$ (2,404.82)$ 373.55$ 384.90$
Total[d]33,231.47$ 35,979.88$ 3,108.12$ (2,404.82)$ 8,323.12$ 78,237.77$
Footnotes:
[a] Interest rate on the Improvement Area #1 Bonds is 4.875% for bonds maturing 2030, 5.625% for bonds
maturing 2043, and 5.875% for bonds maturing 2053.
[b] Assumes the Reserve Fund is fully funded and available to reduce Annual Installments in the final year.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase
or decrease the amounts shown.
[d] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #1 LOT TYPE 2
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING1 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: $34,616.12
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
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 LOT TYPE 2
Annual Installments
Due 1/31 Principal Interest
[a]
Additional
Interest
Reserve
Fund[b]
Annual
Collection Costs
Total Annual
Installment[c]
2025 522.61$ 1,966.83$ 173.08$ -$ 223.50$ 2,886.02$
2026 546.37$ 1,941.35$ 170.47$ -$ 227.97$ 2,886.15$
2027 574.88$ 1,914.71$ 167.74$ -$ 232.53$ 2,889.85$
2028 598.63$ 1,886.69$ 164.86$ -$ 237.18$ 2,887.36$
2029 627.14$ 1,857.50$ 161.87$ -$ 241.92$ 2,888.43$
2030 655.64$ 1,826.93$ 158.73$ -$ 246.76$ 2,888.07$
2031 688.90$ 1,794.97$ 155.45$ -$ 251.69$ 2,891.02$
2032 726.91$ 1,756.22$ 152.01$ -$ 256.73$ 2,891.86$
2033 764.92$ 1,715.33$ 148.38$ -$ 261.86$ 2,890.48$
2034 807.68$ 1,672.30$ 144.55$ -$ 267.10$ 2,891.63$
2035 855.19$ 1,626.87$ 140.51$ -$ 272.44$ 2,895.01$
2036 902.70$ 1,578.77$ 136.24$ -$ 277.89$ 2,895.59$
2037 950.21$ 1,527.99$ 131.72$ -$ 283.45$ 2,893.37$
2038 1,007.22$ 1,474.54$ 126.97$ -$ 289.12$ 2,897.85$
2039 1,059.48$ 1,417.88$ 121.94$ -$ 294.90$ 2,894.20$
2040 1,121.25$ 1,358.29$ 116.64$ -$ 300.80$ 2,896.97$
2041 1,183.01$ 1,295.22$ 111.03$ -$ 306.81$ 2,896.07$
2042 1,254.28$ 1,228.67$ 105.12$ -$ 312.95$ 2,901.02$
2043 1,325.54$ 1,158.12$ 98.85$ -$ 319.21$ 2,901.72$
2044 1,396.81$ 1,083.56$ 92.22$ -$ 325.59$ 2,898.18$
2045 1,482.33$ 1,001.50$ 85.23$ -$ 332.10$ 2,901.16$
2046 1,572.60$ 914.41$ 77.82$ -$ 338.75$ 2,903.57$
2047 1,662.87$ 822.02$ 69.96$ -$ 345.52$ 2,900.37$
2048 1,767.39$ 724.33$ 61.64$ -$ 352.43$ 2,905.79$
2049 1,871.91$ 620.49$ 52.81$ -$ 359.48$ 2,904.69$
2050 1,985.94$ 510.52$ 43.45$ -$ 366.67$ 2,906.57$
2051 2,104.71$ 393.84$ 33.52$ -$ 374.00$ 2,906.08$
2052 2,232.99$ 270.19$ 23.00$ -$ 381.48$ 2,907.66$
2053 2,366.02$ 139.00$ 11.83$ (2,505.02)$ 389.11$ 400.94$
Total[d]34,616.12$ 37,479.04$ 3,237.62$ (2,505.02)$ 8,669.92$ 81,497.68$
Footnotes:
[a] Interest rate on the Improvement Area #1 Bonds is 4.875% for bonds maturing 2030, 5.625% for bonds
maturing 2043, and 5.875% for bonds maturing 2053.
[b] Assumes the Reserve Fund is fully funded and available to reduce Annual Installments in the final year.
[c] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase
or decrease the amounts shown.
[d] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #2-A 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 RECORDING1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
IMPROVEMENT AREA #2-A INITIAL PARCEL PRINCIPAL ASSESSMENT:
$1,753,813.71
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
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 #2-A INITIAL PARCEL
Annual Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 22,183.83$ 105,228.82$ 12,372.58$ 139,785.24$
2026 23,514.86$ 103,897.79$ 12,620.04$ 140,032.69$
2027 24,925.76$ 102,486.90$ 12,872.44$ 140,285.09$
2028 26,421.30$ 100,991.36$ 13,129.88$ 140,542.54$
2029 28,006.58$ 99,406.08$ 13,392.48$ 140,805.14$
2030 29,686.97$ 97,725.68$ 13,660.33$ 141,072.99$
2031 31,468.19$ 95,944.46$ 13,933.54$ 141,346.20$
2032 33,356.28$ 94,056.37$ 14,212.21$ 141,624.87$
2033 35,357.66$ 92,055.00$ 14,496.45$ 141,909.11$
2034 37,479.12$ 89,933.54$ 14,786.38$ 142,199.04$
2035 39,727.87$ 87,684.79$ 15,082.11$ 142,494.77$
2036 42,111.54$ 85,301.12$ 15,383.75$ 142,796.41$
2037 44,638.23$ 82,774.42$ 15,691.43$ 143,104.09$
2038 47,316.53$ 80,096.13$ 16,005.26$ 143,417.91$
2039 50,155.52$ 77,257.14$ 16,325.36$ 143,738.02$
2040 53,164.85$ 74,247.81$ 16,651.87$ 144,064.53$
2041 56,354.74$ 71,057.92$ 16,984.91$ 144,397.56$
2042 59,736.03$ 67,676.63$ 17,324.60$ 144,737.26$
2043 63,320.19$ 64,092.47$ 17,671.10$ 145,083.75$
2044 67,119.40$ 60,293.26$ 18,024.52$ 145,437.18$
2045 71,146.56$ 56,266.09$ 18,385.01$ 145,797.67$
2046 75,415.36$ 51,997.30$ 18,752.71$ 146,165.37$
2047 79,940.28$ 47,472.38$ 19,127.76$ 146,540.42$
2048 84,736.69$ 42,675.96$ 19,510.32$ 146,922.97$
2049 89,820.90$ 37,591.76$ 19,900.52$ 147,313.18$
2050 95,210.15$ 32,202.51$ 20,298.53$ 147,711.19$
2051 100,922.76$ 26,489.90$ 20,704.50$ 148,117.16$
2052 106,978.12$ 20,434.53$ 21,118.59$ 148,531.25$
2053 113,396.81$ 14,015.85$ 21,540.96$ 148,953.62$
2054 120,200.62$ 7,212.04$ 21,971.78$ 149,384.44$
Total[c]1,753,813.71$ 2,068,566.00$ 501,931.97$ 4,324,311.67$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to change.
[b] The figures shown above are estimates only and subject to change in Annual Service
Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available
offsets could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #2-A 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 RECORDING1 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: $36,537.79
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
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 INSTALLMENTS – LOT TYPE 3
Annual Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 462.16$ 2,192.27$ 257.76$ 2,912.19$
2026 489.89$ 2,164.54$ 262.92$ 2,917.35$
2027 519.29$ 2,135.14$ 268.18$ 2,922.61$
2028 550.44$ 2,103.99$ 273.54$ 2,927.97$
2029 583.47$ 2,070.96$ 279.01$ 2,933.44$
2030 618.48$ 2,035.95$ 284.59$ 2,939.02$
2031 655.59$ 1,998.84$ 290.28$ 2,944.71$
2032 694.92$ 1,959.51$ 296.09$ 2,950.52$
2033 736.62$ 1,917.81$ 302.01$ 2,956.44$
2034 780.82$ 1,873.62$ 308.05$ 2,962.48$
2035 827.66$ 1,826.77$ 314.21$ 2,968.64$
2036 877.32$ 1,777.11$ 320.49$ 2,974.93$
2037 929.96$ 1,724.47$ 326.90$ 2,981.34$
2038 985.76$ 1,668.67$ 333.44$ 2,987.87$
2039 1,044.91$ 1,609.52$ 340.11$ 2,994.54$
2040 1,107.60$ 1,546.83$ 346.91$ 3,001.34$
2041 1,174.06$ 1,480.37$ 353.85$ 3,008.28$
2042 1,244.50$ 1,409.93$ 360.93$ 3,015.36$
2043 1,319.17$ 1,335.26$ 368.15$ 3,022.58$
2044 1,398.32$ 1,256.11$ 375.51$ 3,029.94$
2045 1,482.22$ 1,172.21$ 383.02$ 3,037.45$
2046 1,571.15$ 1,083.28$ 390.68$ 3,045.11$
2047 1,665.42$ 989.01$ 398.50$ 3,052.93$
2048 1,765.35$ 889.08$ 406.46$ 3,060.90$
2049 1,871.27$ 783.16$ 414.59$ 3,069.02$
2050 1,983.54$ 670.89$ 422.89$ 3,077.32$
2051 2,102.56$ 551.87$ 431.34$ 3,085.77$
2052 2,228.71$ 425.72$ 439.97$ 3,094.40$
2053 2,362.43$ 292.00$ 448.77$ 3,103.20$
2054 2,504.18$ 150.25$ 457.75$ 3,112.18$
Total[c]36,537.79$ 43,095.12$ 10,456.92$ 90,089.83$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to
change.
[b] The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Annual Collection Costs, interest earnings, or other
available offsets could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #2-B 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 RECORDING1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
IMPROVEMENT AREA #2-B INITIAL PARCEL PRINCIPAL ASSESSMENT:
$3,916,186.29
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
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 #2-B INITIAL PARCEL
Annual Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 49,535.49$ 234,971.18$ 27,627.42$ 312,134.09$
2026 52,507.62$ 231,999.05$ 28,179.96$ 312,686.64$
2027 55,658.08$ 228,848.59$ 28,743.56$ 313,250.24$
2028 58,997.57$ 225,509.11$ 29,318.44$ 313,825.11$
2029 62,537.42$ 221,969.25$ 29,904.81$ 314,411.48$
2030 66,289.66$ 218,217.01$ 30,502.91$ 315,009.58$
2031 70,267.04$ 214,239.63$ 31,112.96$ 315,619.63$
2032 74,483.07$ 210,023.60$ 31,735.22$ 316,241.89$
2033 78,952.05$ 205,554.62$ 32,369.93$ 316,876.60$
2034 83,689.17$ 200,817.50$ 33,017.33$ 317,524.00$
2035 88,710.52$ 195,796.15$ 33,677.67$ 318,184.34$
2036 94,033.16$ 190,473.51$ 34,351.23$ 318,857.90$
2037 99,675.15$ 184,831.53$ 35,038.25$ 319,544.92$
2038 105,655.65$ 178,851.02$ 35,739.01$ 320,245.68$
2039 111,994.99$ 172,511.68$ 36,453.80$ 320,960.47$
2040 118,714.69$ 165,791.98$ 37,182.87$ 321,689.54$
2041 125,837.58$ 158,669.10$ 37,926.52$ 322,433.19$
2042 133,387.83$ 151,118.84$ 38,685.06$ 323,191.73$
2043 141,391.10$ 143,115.57$ 39,458.75$ 323,965.43$
2044 149,874.57$ 134,632.11$ 40,247.93$ 324,754.60$
2045 158,867.04$ 125,639.63$ 41,052.89$ 325,559.56$
2046 168,399.06$ 116,107.61$ 41,873.95$ 326,380.62$
2047 178,503.01$ 106,003.67$ 42,711.43$ 327,218.10$
2048 189,213.19$ 95,293.49$ 43,565.65$ 328,072.32$
2049 200,565.98$ 83,940.69$ 44,436.97$ 328,943.64$
2050 212,599.94$ 71,906.74$ 45,325.71$ 329,832.38$
2051 225,355.93$ 59,150.74$ 46,232.22$ 330,738.89$
2052 238,877.29$ 45,629.38$ 47,156.86$ 331,663.53$
2053 253,209.92$ 31,296.75$ 48,100.00$ 332,606.67$
2054 268,402.52$ 16,104.15$ 49,062.00$ 333,568.67$
Total[c]3,916,186.29$ 4,619,013.85$ 1,120,791.26$ 9,655,991.40$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to change.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan
Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets
could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #2-B 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 RECORDING1 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: $28,471.00
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
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 Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 360.13$ 1,708.26$ 200.85$ 2,269.24$
2026 381.73$ 1,686.65$ 204.87$ 2,273.26$
2027 404.64$ 1,663.75$ 208.97$ 2,277.36$
2028 428.92$ 1,639.47$ 213.15$ 2,281.53$
2029 454.65$ 1,613.74$ 217.41$ 2,285.80$
2030 481.93$ 1,586.46$ 221.76$ 2,290.15$
2031 510.85$ 1,557.54$ 226.19$ 2,294.58$
2032 541.50$ 1,526.89$ 230.72$ 2,299.10$
2033 573.99$ 1,494.40$ 235.33$ 2,303.72$
2034 608.43$ 1,459.96$ 240.04$ 2,308.43$
2035 644.93$ 1,423.45$ 244.84$ 2,313.23$
2036 683.63$ 1,384.76$ 249.74$ 2,318.12$
2037 724.65$ 1,343.74$ 254.73$ 2,323.12$
2038 768.13$ 1,300.26$ 259.83$ 2,328.21$
2039 814.21$ 1,254.17$ 265.02$ 2,333.41$
2040 863.07$ 1,205.32$ 270.32$ 2,338.71$
2041 914.85$ 1,153.54$ 275.73$ 2,344.12$
2042 969.74$ 1,098.65$ 281.24$ 2,349.63$
2043 1,027.93$ 1,040.46$ 286.87$ 2,355.26$
2044 1,089.60$ 978.79$ 292.61$ 2,360.99$
2045 1,154.98$ 913.41$ 298.46$ 2,366.85$
2046 1,224.28$ 844.11$ 304.43$ 2,372.81$
2047 1,297.73$ 770.66$ 310.52$ 2,378.90$
2048 1,375.60$ 692.79$ 316.73$ 2,385.11$
2049 1,458.13$ 610.26$ 323.06$ 2,391.45$
2050 1,545.62$ 522.77$ 329.52$ 2,397.91$
2051 1,638.36$ 430.03$ 336.11$ 2,404.50$
2052 1,736.66$ 331.73$ 342.83$ 2,411.22$
2053 1,840.86$ 227.53$ 349.69$ 2,418.08$
2054 1,951.31$ 117.08$ 356.68$ 2,425.07$
Total[c]28,471.00$ 33,580.62$ 8,148.25$ 70,199.86$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to
change.
[b] The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Annual Collection Costs, interest earnings, or other
available offsets could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
THE WOODS AT LINDSEY PLACE PUBLIC IMPROVEMENT DISTRICT BUYER
DISCLOSURE IMPROVEMENT AREA #2-B LOT TYPE 5
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a prospective purchaser before the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING1 RETURN TO:
____________________
____________________
____________________
____________________
____________________
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF ANNA, TEXAS
CONCERNING THE FOLLOWING PROPERTY
__________________________________________
PROPERTY ADDRESS
LOT TYPE 5 PRINCIPAL ASSESSMENT: $32,741.65
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Anna, Texas, for the costs of a portion of a public improvement or
services project (the "Authorized Improvements") undertaken for the benefit of the property
within The Woods at Lindsey Place Public Improvement District (the "District") created under
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City of Anna. The exact
amount of each annual installment will be approved each year by the Anna City Council in the
annual service plan update for the district. More information about the assessments, including
the amounts and due dates, may be obtained from the City of Anna.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
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 5
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
Annual Installments
Due 1/31 Principal Interest
[a]
Annual
Collection Costs
Total Annual
Installment[c]
2025 414.15$ 1,964.50$ 230.98$ 2,609.63$
2026 439.00$ 1,939.65$ 235.60$ 2,614.25$
2027 465.33$ 1,913.31$ 240.31$ 2,618.96$
2028 493.25$ 1,885.39$ 245.12$ 2,623.76$
2029 522.85$ 1,855.80$ 250.02$ 2,628.67$
2030 554.22$ 1,824.42$ 255.02$ 2,633.67$
2031 587.47$ 1,791.17$ 260.12$ 2,638.77$
2032 622.72$ 1,755.92$ 265.33$ 2,643.97$
2033 660.09$ 1,718.56$ 270.63$ 2,649.28$
2034 699.69$ 1,678.95$ 276.04$ 2,654.69$
2035 741.67$ 1,636.97$ 281.57$ 2,660.21$
2036 786.17$ 1,592.47$ 287.20$ 2,665.84$
2037 833.34$ 1,545.30$ 292.94$ 2,671.59$
2038 883.34$ 1,495.30$ 298.80$ 2,677.44$
2039 936.34$ 1,442.30$ 304.78$ 2,683.42$
2040 992.53$ 1,386.12$ 310.87$ 2,689.52$
2041 1,052.08$ 1,326.57$ 317.09$ 2,695.73$
2042 1,115.20$ 1,263.44$ 323.43$ 2,702.08$
2043 1,182.11$ 1,196.53$ 329.90$ 2,708.54$
2044 1,253.04$ 1,125.60$ 336.50$ 2,715.14$
2045 1,328.22$ 1,050.42$ 343.23$ 2,721.87$
2046 1,407.92$ 970.73$ 350.09$ 2,728.74$
2047 1,492.39$ 886.25$ 357.09$ 2,735.74$
2048 1,581.94$ 796.71$ 364.23$ 2,742.88$
2049 1,676.85$ 701.79$ 371.52$ 2,750.16$
2050 1,777.46$ 601.18$ 378.95$ 2,757.60$
2051 1,884.11$ 494.54$ 386.53$ 2,765.17$
2052 1,997.16$ 381.49$ 394.26$ 2,772.90$
2053 2,116.99$ 261.66$ 402.14$ 2,780.79$
2054 2,244.01$ 134.64$ 410.19$ 2,788.83$
Total[c]32,741.65$ 38,617.71$ 9,370.48$ 80,729.84$
Footnotes:
[a] Interest is calculated at a 5.71% rate for illustrative purposes, and subject to
change.
[b] The figures shown above are estimates only and subject to change in Annual
Service Plan Updates. Changes in Annual Collection Costs, interest earnings, or other
available offsets could increase or decrease the amounts shown.
[c] Totals may not sum due to rounding.
EXHIBIT B
CITY OF ANNA, TEXAS
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN THAT a public hearing will be conducted by the City Council of Anna,
Texas on August 27, 2024 at 6:00 p.m.at the at the Anna City Hall, City Council Chambers, 120 W. 7th
Street, Anna, Texas 75409. The public hearing will be held to consider proposed assessments to be levied
against the assessable property within Improvement Area #2 of The Woods at Lindsey Place Public
Improvement District (the “District”) pursuant to the provisions of Chapter 372 of the Texas Local
Government Code, as amended (the “Act”).
The general nature of the proposed public improvements (collectively, the “Authorized Improvements”)
may include: (a) acquisition, construction and improvements, and maintenance of the improvements,
consisting of (1) landscaping; (2) erection of fountains, distinctive lighting, and signs; (3) acquiring,
constructing, improving, widening, narrowing, closing, or rerouting of sidewalks or of streets, any other
roadways, or their rights-of-way, including related landscaping, lighting, traffic control devices, screening
walls and retaining walls; (4) construction or improvement of pedestrian malls; (5) acquisition and
installation of pieces of art; (6) acquisition, construction, or improvement of off-street parking facilities;
(7) acquisition, construction, or improvement of water, wastewater, or drainage facilities or
improvements; (8) the establishment or improvement of parks; (9) projects similar to those listed in (1)-
(8); (10) acquisition, by purchase or otherwise, of real property or contract rights in connection with an
authorized improvement; (11) special supplemental and maintenance services for improvement and
promotion of the district, including services relating to advertising, promotion, health and sanitation,
water and wastewater, roadways, public safety, security, business recruitment, development, recreation,
and cultural enhancement (collectively, the “Authorized Improvements”); and (b) the payment of
expenses incurred in the establishment, administration, and operation of the District, including
maintenance costs, costs of issuance, funding debt service and capitalized interest reserves and credit
enhancement fees of any bonds issued by or on behalf of the District, if necessary. These Authorized
Improvements shall promote the interests of the City and confer a special benefit upon the Property.
The total costs of the Improvement Area #2 Projects, including the costs of creating the District and
issuing the bonds, is approximately $12,835,277.
The boundaries of the District include approximately 198.006 acres of land generally located immediately
to the northwest, west, and southwest of Anna High School, located within the city limits of the City and
as more particularly described by a metes and bounds description available for public inspection at the
office of the City Secretary, 120 W. 7th Street, Anna, Texas 75409.
All written or oral objections on the proposed assessment within the District will be considered at the
public hearing.
A copy of the Improvement Area #2-A Assessment Roll and the Improvement Area #2-B Assessment
Roll (collectively, the “Assessment Rolls”), which Assessment Rolls include the assessments to be levied
against each parcel in the District for the Improvement Area #2 Projects, is available for public inspection
at the office of the City Secretary, 120 W.7th Street, Anna, Texas 75409.