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Home My WebLink AboutOrd 986-2022 Sherley Tract PID No. 2 2022-2023 Annual InstallmentsCITY OF ANNA ORDINANCE NO. q�tp—off AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS APPROVING THE 2022 ANNUAL SERVICE PLAN UPDATE TO THE SERVICE AND ASSESSMENT PLAN, INCLUDING THE ASSESSMENT ROLL, FOR THE SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT NO. 2 IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED; AND PROVIDING AN EFFECTIVE DATE. RECITALS WHEREAS, on December 8, 2020, after notice and a public hearing in the manner required by law, the City Council (the "City Council") of the City of Anna, Texas (the "City") passed and approved Resolution No. 20-12-839 authorizing the creation of Sherley Tract Public Improvement District No. 2 (the "District"); and WHEREAS, on July 27, 2021, after notice and a public hearing in the manner required by law, the City Council passed an Ordinance approving the "Sherley Tract Public Improvement District No. 2 Service and Assessment Plan," including the Assessment Roll attached to the Service and Assessment Plan (the "Assessment Roll"), (the "Service and Assessment Plan") and levied the Assessments on property within District in accordance with the Assessment Roll for the purposes of financing the public improvements (the "Authorized Improvements") undertaken for the benefit of such property; and WHEREAS, Chapter 372, Texas Local Government Code (as amended, the "PID Act") requires the Service and Assessment Plan to be reviewed and updated annually for the purposes of determining the annual budget for the Authorized Improvements; and WHEREAS, the City Council has received the "Sherley Tract Public Improvement District No. 2 2022 Annual Service Plan Update" (the "Annual Service Plan Update") which includes the updated Assessment Roll and now desires to proceed with the adoption of this Ordinance which approves and adopts the Annual Service Plan Update and updated Assessment Roll for District as required by the PID Act. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS: Section 1. Terms. Terms not otherwise defined herein are defined in the Service and Assessment Plan. Section 2. Findin2s. That the recitals and findings in the Recitals of this Ordinance are hereby found and determined to be true and correct and constitute the legislative findings and determinations of the City Council. Section 3. Assessment Plan. The Annual Service Plan Update, including the updated Assessment Roll contained therein, in the form attached as Exhibit A is hereby approved and the same is incorporated as part of this Ordinance as if fully set forth in the body of this Ordinance. Section 4. Severability. If any provision, section, subsection, sentence, clause, or phrase of this Ordinance, or the application of same to any person or set of circumstances is for any reason held to be unconstitutional, void, or invalid, the validity of the remaining portions of this Ordinance or the application to other persons or sets of circumstances shall not be affected thereby, it being the intent of the governing body of the City in adopting this Ordinance that no portion hereof, or provision or regulation contained herein shall become inoperative or fail by reason of any unconstitutionality, voidness, or invalidity of any other portion hereof, and all provisions of this Ordinance are declared to be severable for that purpose. Section 5. Filin2 in Land Records. The City Secretary is directed to cause a copy of this Ordinance, including the 2022 Annual Service Plan Update, to be recorded in the real property records of Collin County, Texas, on or before August 8, 2022. The City Secretary is further directed to similarly file each Annual Service Plan Update approved by the City Council, with each such filing to occur within seven days of the date each respective Annual Service Plan Update is approved. Section 6. Effective Date. This Ordinance shall take effect immediately from and after its passage in accordance with applicable law. PASSED by the City Council of the City of Anna, Texas this 261h day of July 2022. ATTESTED: APPROVED: � `"ou�uuwnrrrpr ( "y .,n.�; �vrt7sti�y o� AN�9 �Ce Carrie L. Land, City Secretary = Natef&e, Mayor w -- ---- t Exhibit A 2022 Annual Service Plan Update [Remainder of page left intentionally blank.] SHER LEY TRACT PUBLIC IMPROVEMENT DISTRICT 2022 ANNUAL SERVICE PLAN UPDATE JULY 26, 2022 INTRODUCTION Capitalized terms used in this Annual Service Plan Update shall have the meanings set forth in the original Service and Assessment Plan (the "SAP"). The District was created pursuant to the PID Act by Resolution No. 2020-12-839 on December 8, 2020, by the City Council to finance certain Authorized Improvements for the benefit of the property in the District. On July 27, 2021, the City Council approved Ordinance No. 925-2021 which approved the SAP for the District and levied Assessments to finance the Authorized Improvements to be constructed for the benefit of the Assessed Property within the District. The SAP also set forth the costs of the Authorized Improvements, the indebtedness to be incurred for such Authorized Improvements, and the manner of assessing the property in the District for the costs of such Authorized Improvements based on the benefit provided to the Assessed Property. Pursuant to the P I D Act, the SAP must be reviewed and updated annually. This document is the 2022 Annual Service Plan Update. This 2022 Annual Service Plan Update also updates the Assessment Rolls for 2022. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 1 2022 ANNUAL SERVICE PLAN UPDATE PARCEL SUBDIVISION Improvement Area #1 No plats have been filed in Improvement Area #1. Major Improvement Area No plats have been filed in the Major Improvement Area. LOT & HOME SALES UPDATE Improvement Area #1 Per the Quarterly Report dated March 31, 2022, Improvement Area #1 is anticipated to be developed into 499 residential Lots. 420 residential Lots are under contract with homebuilders, but no Lots have been sold to homebuilders, and construction has not started on any homes. See Exhibit C for Homebuyer Disclosures. Major Improvement Area Per the Quarterly Report dated March 31, 2022, the Major Improvement Area is anticipated to be developed into 412 residential Lots. 191 residential Lots are under contract with homebuilders, but no Lots have been sold to homebuilders, and construction has not started on any homes. OUTSTANDING ASSESSMENT Improvement Area #1 Improvement Area #1 has an outstanding Assessment of $13,557,015.95. Maior Improvement Area The Major Improvement Area has an outstanding Assessment of $2,896,000.00. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 2 2022 ANNUAL SERVICE PLAN UPDATE TIRZ NO.3 ANNUAL CREDIT Improvement Area #1 The City Council, in accordance with the TIRZ No. 3 TIRZ Agreement, has agreed to use a portion of TIRZ No. 3 TIRZ Revenues generated to reduce the Improvement Area #1 Annual Installment for all Improvement Area #1 Assessed Property so that the Improvement Area #1 Annual Installment minus the TIRZ No. 3 Annual Credit Amount for each Lot Type does not produce an equivalent tax rate which exceeds the competitive composite ad valorem equivalent tax rate taking into consideration the tax rates of all applicable taxing units and the equivalent tax rate of the Improvement Area #1 Annual Installments. The resulting Maximum TIRZ No. 3 Annual Credit Amount for each Lot Type is shown below. Major Improvement Area Per the SAP, TIRZ No. 3 Revenues shall not be used to reduce the Major Improvement Area Annual Installment. ANNUAL INSTALLMENT DUE 1/31/2023 Improvement Area #1 • Improvement Area #1 Bond — Principal and Interest — The total principal and interest required for the Annual Installment is $558,015.00. • Additional Interest — Additional Interest is collected to fund the Additional Interest Reserve Account. The Additional Interest Reserve Requirement, as defined in the Improvement Area #1 Indenture, has not been met. As such, the Additional Interest Reserve Account will be funded with Additional Interest on the outstanding Assessment, resulting in an Additional Interest for Improvement Area #1 of $47,000.00. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT a 2022 ANNUAL SERVICE PLAN UPDATE outstanding Assessment remaining on the Parcel. The total Annual Collection Costs budgeted for the Annual Installment for the Major Improvement Area is $17,612.98. lajor Improvement Area Bond Principal $ - Interest $ 142,230.00 Capitalized Interest $ (142,230.00 Additional Interest $ 14,480.00 Annual Collection Costs $ 17,612.98 :)tal Annual Installment $ 32,092.98 See Exhibit B-2 for the debt service schedule for the Major Improvement Area PID Bonds as shown in the official statement. PREPAYMENT OF ASSESSMENT IN FULL Improvement Area #1 No full prepayments have occurred within Improvement Area #1. Major Improvement Area No full prepayments have occurred within the Major Improvement Area. PARTIAL PREPAYMENT OF ASSESSMENTS Improvement Area #1 No partial prepayments have occurred within the Improvement Area #1. Major Improvement Area No partial prepayments have occurred within the Major Improvement Area. BUDGET FOR CONSTRUCTION OF AUTHORIZED IMPROVEMENTS Improvement Area #1 Per the Quarterly Report for Improvement Area #1 dated March 31, 2022, the Authorized Improvements are currently under construction and projected to be completed in the fourth quarter of 2022. The budget for the Authorized Improvements remains unchanged. See below SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 2022 ANNUAL SERVICE PLAN UPDATE 5 Improvement Area #1 Reimbursement Obligation — Principal and Interest — The total principal and interest required for the Annual Installment is $279,824.45 • Annual Collection Costs —The cost of administering the District and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Annual Collection Costs budgeted for the Annual Installment for Improvement Area #1 is $44,817.02. Improvement Due January 31, 2023 Improvement Area #1 Bond Principal $ 179,000.00 Interest $ 379,015.00 Additional Interest $ 47,000.00 $ 605,015.00 Improvement Area #1 Reimbursement Obligation Principal $ 57.28 Interest $ 279,767.17 $ 279,824.45 Annual Collection Costs $ 44,817.02 Total Annual Installment $ 929,656.47 See Exhibit B-1 for the debt service schedule for the Improvement Area #1 PID Bonds as shown in the official statement. Maior Improvement Area • Principal and Interest — The total principal and interest required for the Annual Installment for the Major Improvement Area is $142,230.00. • Capitalized Interest — The total capitalized interest required for the Annual Installment for the Major Improvement Area is $142,230.00. • Additional Interest — Additional Interest is collected to fund the Additional Interest Reserve Account. The Additional Interest Reserve Requirement, as defined in the Major Improvement Area Indenture, has not been met. As such, the Additional Interest Reserve Account will be funded with Additional Interest on the outstanding Assessment, resulting in an Additional Interest for the Major Improvement Area of $14,480.00. Annual Collection Costs —The cost of administering the District and collecting the Annual Installments shall be paid for on a pro rata basis by each Parcel based on the amount of SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 4 2022 ANNUAL SERVICE PLAN UPDATE for a table depicting the budgets of Improvement Area #1 Projects, and Actual Costs spent to date. Authorized Improvements Water Sanitary Sewer Storm Drainage Streets Soft Costs Contingency Notes: $ 1,447,847 0% $ 1,659,106 $ 409,179 25% $ 1,261,600 $ - 0•0 $ 4,973,783 $ 232,240 5% $ 2,075,749 $ 1,193,421 57% $ 246,572 $ - 00.6 $ 11,664,657 $ 1,834,840 16% 1) Per the Quarterly Report for Improvement Area #1 dated March 31, 2022. Major Improvement Area Perth e Quarterly Report for the Major Improvement Area dated March 31, 2022, the Authorized Improvements are currently under construction and projected to be completed in the fourth quarter of 2022. The budget for the Authorized Improvements remains unchanged. See below for a table depicting the budgets ofthe Major Improvement Area Projects, and Actual Costs spent to date. Authorized Improvements •01A Water $ 304,913 $' - Sanitary Sewer $ 137,815 $ - 0% Storm Drainage $ 320,574 $ - 09/ Streets $ 820,783 $ 49,312 6% Soft Costs $ 620,219 $ 459,158 74% Contingency $ 55,000 $ - o% $ 2,259,3D4 $ 508,470 23% Notes: 1) Per the Quarterly Report forthe Major Improvement Area dated March 31, 2022 Private Costs Per the Quarterly Reports for Improvement Area #1 and the Major Improvement Area dated March 31, 2022, the Private Improvements are currently under construction and projected to be completed in the first quarter of 2023. The budget for the Authorized Improvements has changed from the listing in the SAP, per information from the Developer. See below for a table depicting the original budget and the new budget of the Private Improvement Costs, and Actual Costs spent to date. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 6 2022 ANNUAL SERVICE PLAN UPDATE Private Costs 4 . . Earthwork $ 586,134 $ 1,100,000 $ 727,564 66% Retaining Walls $ 803,340 $ 800,000 $ - 0% Screen Walls and Entry Monument $ 486,550 $ 500,000 $ - 0% Landscaping and Irrigation $ 807,180 $ 8001000 $ 43,280 5% Miscellaneous $ 281,895 $ 1,443,640 $ 475,176 33% $ 2,965,099 $ 4,643,640 $ 1,246,020 2rA Notes: 1) Per the Quarterly Reports for Improvement Area #1 and the Major Improvement Area dated March 31, 2022. SERVICE PLAN - FIVE YEAR BUDGET FORECAST The Act requires the annual indebtedness and projected costs for the Authorized Improvements to be reviewed and updated in the Annual Service Plan Update, and the projection shall cover a period of not less than five years. IA#1 PID Bond Principal $ 179,000.00 $ 185,000.00 $ 191,000.00 $ 197,000.00 $ 204,000.00 Interest 379,015.00 373,197.50 367,185.00 360,977.50 354,575.00 Additional Interest $ 47,000.00 $ 46,105.00 $ 45,180.00 $ 44,225.00 $ 43,240.00 (1) $ 605,015.00 $ 604,302.50 $ 603,365.00 $ 602,202.50 $ 601,815.00 IA#1 Reimbursement Obligation Principal $ 57.28 $ 61.13 $ 65.25 $ 7,536.92 $ 93,106.16 Interest $ 279,767.17 $ 279,763.32 $ 279,759.20 $ 272,287.53 $ 186,718.29 (2) $ 279,824.45 $ 279,824.45 $ 279,824.45 $ 279,824.45 $ 279,824.45 Annual Collection Costs (3) $ 44,817.02 $ 45,713.36 $ 46,627.63 $ 47,560.18 $ 48,511.38 Total Annual Installment (4)=(1)+(2)+(3) $929,656.47 $929,840.31 $929,817.08 $929,587.13 $930,150.84 Interest 142,230.00 142,230.00 139,710.00 137,100.00 134,355.00 Capitalized Interest (142,230.00) - - - - (1) $ - $ 198,230.00 $ 197,710.00 $ 198,100.00 $ 197,355.00 Annual Collection Costs (2) $ 17,612.98 $ 17,965.24 $ 18,324.54 $ 18,691.04 $ 19,064.86 Additional interest (3) $ 14,480.00 $ 14,480.00 $ 14,200.00 $ 13,910.00 $ 13,605.00 Total Annual Installment (4) = (1) + (2) + (3) $ 32,092.98 $230,675.24 $230,234.54 $230,701.04 $230,024.86 SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 7 2022 ANNUAL SERVICE PLAN UPDATE ASSESSMENT ROLL The list of current Parcels within the District, the corresponding total Assessments, and current Annual Installment are shown on the Assessment Roll attached hereto as Exhibit A-1 and Exhibit A-2 for Improvement Area #1 and the Major Improvement Area, respectively. The Parcels shown on the Assessment Rolls will receive the bills for the 2023 Annual Installments which will be delinquent if not paid by January 31, 2023. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 8 2022 ANNUAL SERVICE PLAN UPDATE EXHIBIT A-1- IMPROVEMENT AREA #1 ASSESSMENT ROLL Notes: "'The Improvement Area #1 Initial Parcel consists of property tax IDs 2856586, 2856583, 2856587, 2828219, and 2856585. The Annual Installment Due 1/31/2023 will be allocated between the tax Parcels within the Improvement Area #1 Initial Parcel based on acreage. I" Totals may not match the outstanding Assessment or Annual Installment due to rounding. ICI The Annual Installment covers the period September 1, 2022 to August 31, 2023 and is due by January 31, 2023. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 2022 ANNUAL SERVICE PLAN UPDATE EXHIBIT A-2 - MAJOR IMPROVEMENT AREA ASSESSMENT ROLL Notes: I" The Major Improvement Area Initial Parcel consists of property tax IDs 1007216, 2797551, 2797552, 2797418, and 2797548. The Annual Installment Due 1/31/2023 will be allocated between the tax Parcels within the Major Improvement Area Initial Parcel based on acreage. I" Totals may not match the outstanding Assessment or Annual Installment due to rounding. I`I The Annual Installment covers the period September 1, 2022 to August 31, 2023 and is due by January 31, 2023. SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 10 2022 ANNUAL SERVICE PLAN UPDATE EXHIBIT B-2 - DEBT SERVICE SCHEDULE - MAJOR IMPROVEMENT AREA DEBT SER32CE REQUMU VENTS The following table sets forth the debt service requireatents for the Bonds Tear Endmg (September 1) Principal Interest Total 2022 - $153,657.42 $153,687.42 2023 - 142,230.00 142,230.D0 2024 556,000.00 142,?30.DD 198,230.D0 2025 58,000.00 139,710.00 197,710.00 2026 61,000.00 137,100.00 198,100.00 2027 63,00D.00 134,355.00 197,355.00 2028 65,000.00 131,520.00 196,520DO 2029 68,000.00 128,595.00 196,595.00 2030 70,000.D0 125,535.00 195535_DO 2031 73,000.00 122,385.00 195,385,00 2032 76,000.D0 119,100.00 195,100.00 2033 79,000.00 115,300.00 194,300.00 2034 33,000.00 111350.D0 194,350.00 2035 56,OOO_DO 107200.00 193,200.00 2036 90,000_DO 102900.00 192900.00 2037 94,000_DO 98,40000 192,400_DO 2038 99,DOD.DO 93,70D.00 191,700_0O 2039 103,000.00 SS,S00.00 191,800.00 2040 107,00D.00 83,650.00 190,650_00 2041 112,000.00 75,300.00 190,300.00 2042 117,000.00 72,700.00 189,700-00 2043 123,000.00 66.850.00 159,850.00 2044 129,000.00 60,700.00 159,700.00 2045 135,000.00 54,250.00 199,50.00 2046 141,000.00 47.500.00 IS8,500.00 2047 147,OOD_00 40,450.00 197,450.00 2048 154,000.00 33,100.00 197,100.00 2049 167-000.00 25,400.00 187,400.DD 2050 169,O0D.00 17,300.00 186,300.D0 2031 177,000.00 8.850.00 185,850.00 Total G±.896.000.00 c± 783.147.4'_ $„679.147.4± SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 12 2022 ANNUAL SERVICE PLAN UPDATE EXHIBIT B-1- DEBT SERVICE SCHEDULE - IMPROVEMENT AREA #1 DEBT SER\'ICE REQIIIItEXlENM The fallowing table, -et forth the debt :mice requirement far the Bond: Year Ending (September 1) Principal Interest Total 202 - S409,546.76 $409.546.76 2023 $179,000.00 379,015.00 559,015.00 2024 185.00.00 373,197.50 559,197.50 2025 191XD0.00 367,185.00 559.195.00 2026 197,000.00 36D,977.50 557977,50 2027 204,000.00 354,575.00 559,575.00 2028 212.000.00 346,925.00 558925.00 2029 220.000,00 338,975.00 55075.00 2030 22S.000.00 33D,77S.00 558,725.00 2031 237,000-00 311,175.00 559.175.00 2032 247.000.00 313,2S7.50 560,257.50 2033 257.000.00 303,40750 560,407.50 2034 268,0D0.00 293,12750 561,127.50 2035 279.000.00 231-407.50 561,407.50 2036 290,000.00 271,247.50 561247.50 2037 302,000.00 259,647.50 561,647.50 2039 315.000.00 247,567.50 562567.50 2039 328,000.00 234,9675D 562967.50 2040 342,000.00 211,347.50 563,947.50 2041 356,000.00 203,167.50 564,167.50 2042 372.000.00 19392750 565927.50 2043 38S,000.00 178,117.50 566,117.50 2044 405.000.00 161,627.50 566.6-17.50 2045 424.000.00 144,415.00 568,415.00 2046 443900.00 126395.00 569395.00 2047 463.000.00 107-%750 570,567.50 2048 4S3,000.00 S7,S90.01) 570,890.00 2049 505.000.00 6736250 572362.50 2050 329 000.00 45,900.00 573,900.00 2051 552.000:00 23,460.00 575,460.00 Total S9.lOD.DOD.Ob S735iGi.1.'_6 516.7++"5.631.16 SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 2022 ANNUAL SERVICE PLAN UPDATE 11 SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT AREA #1— INITIAL PARCEL NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT I 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: I ) 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. EXHIBIT C — BUYER DISCLOSURES Homebuyer Disclosures for the following Lot Types are found in this Exhibit: ■ Improvement Area #1 o Initial Parcel o Lot Type 1 o Lot Type 2 o Lot Type 3 o Lot Type 4 ■ Major Improvement Area o Initial Parcel [Remainder of page intentionally left blank.] SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT 13 2022 ANNUAL SERVICE PLAN UPDATE [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: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [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 STATE OF TEXAS § COUNTY OF COLLIN § SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF COLLIN § The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS IMPROVEMENT AREA 41 INITIAL PARCEL PRINCIPAL ASSESSMENT: $13,5579015.95 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 Sherley Tract Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Anna. The exact amount of each annual installment will be approved each year by the Anna City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS— IMPROVEMENT AREA #1 INITIAL PARCEL 2023 $ 179,000.00 $ 379,015.00 $ 47,000.00 $ - $ 57.28 $ 279,767.17 $ 44,817.02 $ 929,656.47 2024 $ 185,000.00 $ 373,197.S0 $ 46,105.00 $ - $ 61.13 $ 279,763.32 $ 45,713,36 $ 929,840.31 2025 $ 191,000.00 $ 367,185.00 $ 45,180.00 $ - $ 65.25 $ 279,759.20 $ 46,627.63 $ 929,817.09 2026 $ 197,000.00 $ 360,977.50 $ 44,225.00 $ - $ 7,536.92 $ 272,287.53 $ 47,560.18 $ 929,587.13 2027 $ 204,000.00 $ 354,575.00 $ 43,240.00 $ - $ 93,106.16 $ 186,718.29 $ 48,511.38 $ 930,150.84 2028 $ 212,000.00 $ 346,925.00 $ 42,220.00 $ - $ 97,295.93 $ 182,528.51 $ 49,481.61 $ 930,451.06 2029 $ 220,000.00 $ 338,975.00 $ 41,160.00 $ - $ 101,674.25 $ 178,150.20 $ 50,471.24 $ 930,430.69 2030 $ 228,000.00 $ 330,725.00 $ 40,060.00 $ - $ 106,249.59 $ 173,574.86 $ 51,480.67 $ 930,090.11 2031 5 237,000.00 $ 322,175.00 $ 38,920.00 $ - $ 111,030.82 $ 168,793.62 $ 52,510.28 $ 930,429.73 2032 $ 247,000.00 $ 313,287.50 $ 37,735= $ - $ 116,027.21 $ 163,797.24 $ 53,560.49 $ 931,407.44 2033 $ 257,000.00 $ 303,407.50 $ 36,500.00 $ - $ 121,248.43 $ 158,576.01 $ 54,631.70 $ 931,363.64 2034 $ 268,000.00 $ 293,127.50 $ 35,215.00 $ - $ 126,704.61 $ 153,119.83 $ 55,724.33 $ 931,891.28 2035 $ 279,000.00 $ 282,407.50 $ 33,975.00 $ - $ 132,406.32 $ 147,418.13 $ 56,838.82 $ 931,945.76 2036 $ 290,000.00 $ 271,247.50 $ 32,480.00 $ - $ 138,364.61 $ 141,459.84 $ 57,975.59 $ 931,527.55 2037 $ 302,000.00 $ 259,647.50 $ 31,030.00 $ - $ 144,591.01 $ 135,233.43 $ 59,135.11 $ 931,637.05 2038 $ 315,000.00 $ 247,567.50 $ 29,520.00 $ - $ 151,097.61 $ 128,726.84 $ 60,317.81 $ 932,229.76 2039 $ 328,000.00 $ 234,967.50 $ 27,945.00 $ - $ 157,897.00 $ 121,927.45 $ 61,524.16 $ 932,261.11 2040 $ 342,000.00 $ 221,847.50 $ 26,305.00 $ - $ 165,002.36 $ 114,822.08 $ 62,754.65 $ 932,731.59 2041 $ 356,000.00 $ 208,167.50 $ 24,595.00 $ - $ 172,427.47 $ 307,396.98 $ 64,009.74 $ 932,596.69 2042 $ 372,000.00 $ 193,927.50 $ 22,815.00 $ - $ 180,186.71 $ 99,637.74 $ 65,289.94 $ 933,856.89 2043 $ 388,000.00 $ 178,117.50 $ 20,955.00 $ - $ 188,295.11 $ 91,529.34 $ 66,595.73 $ 933,492.68 2044 $ 405,000.00 $ 161,627.50 $ 19,015.00 $ - $ 196,768.39 $ 83,056.06 $ 67,927.65 $ 933,394.60 2045 $ 424,000.00 $ 144,415.00 $ 16,990.00 $ - $ 205,622.97 $ 74,201.48 $ 69,286.20 $ 934,515.65 2046 $ 443,000.00 $ 126,395.00 $ 14,870.00 $ - $ 214,876.00 $ 64,948.45 $ 70,671.93 $ 934,761.37 2047 $ 463,000.00 $ 107,567.50 $ 12,655.00 $ - $ 224,545.42 $ 55,279.03 $ 72,085.36 $ 935,132.31 2048 $ 483,000.00 $ 87,890.00 $ 10,340.00 $ - $ 234,649.96 $ 45,174.48 $ 73,527.07 $ 934,581.51 2049 $ 505,000.00 $ 67.362.50 $ 7,925.00 $ - $ 245,209.21 $ 34,615.23 $ 74,997.61 $ 935,109.56 2050 $ 528,000.00 $ 45,900.00 $ 5,400.00 $ - $ 256,243.63 $ 23,580.82 $ 76,497.57 $ 935,622.02 1•I1nterest on the Improvement Area #1 Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250% rate for term bonds due 2026, 2031, 2041, and 2051 respectively. Ialnterest on the Improvement Area gl Reimbursement Obligation is calculated at a 6.730%Interest rate from 9/15/2022 to 8/1612026, and 4.500%thereafter. 1`Irhe figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes In Collection Casts, reserve fund requirements, interest earnings, or other available offsets could Increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment SHERLEY TRACT 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 RECORDING 1 I RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS IMPROVEMENT AREA #1 LOT TYPE I PRINCIPAL ASSESSMENT: $24,696.27 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 Sherley Tract 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. I 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 [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]22 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [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 STATE OF TEXAS § COUNTY OF COLLIN § SIGNATURE OF PURCHASER 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] 33 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this 120 Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - LOT TYPE 1 2023 $ 326.08 $ 690.44 $ 85.62 $ - $ 0.10 $ 509.64 $ 81.64 $ 1,693.52 2024 $ 337.01 $ 67184 $ 83.99 $ - $ 0.11 $ 509.63 $ 83.27 $ 1,693.85 2025 $ 347.94 $ 668.89 $ 82.30 $ - $ 0.12 $ 509.63 $ 84.94 $ 1,693.81 2026 $ 358.87 $ 657.58 $ 80.56 $ - $ 13.73 $ 496.02 $ 86.64 $ 1,693.39 2027 $ 371.62 $ 645.91 $ 78.77 $ - $ 169.61 $ 340.14 $ 88.37 $ 1,694.42 2028 $ 386.19 $ 631.98 $ 76.91 $ - $ 177.24 $ 332.50 $ 90.14 $ 1,694.97 2029 $ 400.77 $ 617.50 $ 74.98 $ - $ 185.22 $ 324.53 $ 91.94 $ 1,694.93 2030 $ 415.34 $ 602.47 $ 72.98 $ - $ 193.55 $ 316.19 $ 93.78 $ 1,694.31 2031 $ 431,73 $ 586.89 $ 70.90 $ - $ 202.26 $ 307.48 $ 95.65 $ 1,694.93 2032 $ 449.95 $ 570.70 $ 68.74 $ - $ 211.36 $ 298.38 $ 97.57 $ 1,696.71 2033 $ 468.17 $ 552.71 $ 66,49 $ - $ 220.87 $ 288.87 $ 99.52 $ 1,696.63 2034 $ 488.20 $ 533.98 $ 64.15 $ - $ 230.81 $ 278.93 $ 101.51 $ 1,697.59 2035 $ 508.24 $ 514.45 $ 61.71 $ - $ 241.20 $ 268.55 $ 103.54 $ 1,697.69 2036 $ 528.28 $ 494.12 $ 59.17 $ - $ 252.05 $ 257.69 $ 105.61 $ 1,696.93 2037 $ 550.14 $ 472.99 $ 56,53 $ - $ 263.40 $ 246.35 $ 107.72 $ 1,697.13 2038 $ 573.82 $ 450.98 $ 53.78 $ - $ 275.25 $ 234.50 5 109.88 $ 1,698.21 2039 $ 597.50 $ 428.03 $ 50.91 $ - $ 287.63 $ 222.11 $ 112.08 $ 2,698.26 2040 $ 623.01 $ 404.13 $ 47.92 $ - $ 300.58 $ 209.17 $ 114.32 $ 1,699.12 2041 $ 648.51 $ 379.21 $ 44.80 $ - $ 314.10 $ 195.64 $ I16.60 $ 1,698.87 2042 $ 677.66 $ 353.27 $ 41.56 $ - $ 328.24 $ 181.51 $ 118.94 $ 1,701.17 2043 $ 706.80 $ 324.47 $ 38.17 $ - $ 343.01 $ 166.74 $ 121.31 $ 1,700.51 2044 $ 737.77 $ 294.43 $ 34.64 $ - $ 358.45 $ 151.30 $ 123.74 $ 1,700.33 2045 $ 772.38 $ 263.07 $ 30.95 $ - $ 374.58 $ 135.17 $ 126.22 $ 1,702.37 2046 $ 807.00 $ 230.25 $ 27.09 $ - $ 391.43 $ 118.31 $ 128.74 $ 1,702.82 2047 $ 843.43 $ 195.95 $ 23.05 $ - $ 409.05 $ 100.70 $ 131.31 $ 1,703.49 2048 $ 879.86 $ 160.11 $ 18.84 $ - $ 427.45 $ 92.29 $ 133.94 $ 1,702.49 2049 $ 919.94 $ 122.71 $ 14.44 $ - $ 446.69 $ 63.06 $ 136.62 $ 1,703.45 2050 $ 961.84 $ 83.61 $ 9.84 $ - $ 466.79 $ 42.96 $ 139.35 $ 1,704.38 7091 C 1nn5A6 S 477A 5 9n3 5 1104&291 5 497.79 5 21AS 5 142.14 5 656.91 Winterest on the Improvement Area #1 Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250%rate for term bonds due 2026, 2031, 2041, and 2051 respectively. lb] Interest an the Improvement Area #1 Reimbursement Obligation Is calculated at a 6.730% interest rate from 9/15/2022 to 8/16/2026, and 4.500% thereafter. "'The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection Costs, reserve fund requirements, Interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment SHERLEY TRACT 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 RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS IMPROVEMENT AREA #1 LOT TYPE 2 PRINCIPAL ASSESSMENT: $28,169.18 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 Sherley Tract Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Anna. The exact amount of each annual installment will be approved each year by the Anna City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Anna. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF COLLIN § The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [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: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS -LOT TYPE 2 2023 $ 371.93 5 787.53 5 97.66 5 - $ 0.12 5 581.31 $ 93.12 $ 1,931.67 2024 $ 384.40 $ 775.44 $ 95.80 $ - $ 0.13 $ 581.30 $ 94.98 $ 1,932.05 2025 $ 396.87 $ 762.95 $ 93.88 $ - $ 0.14 $ 581.29 $ 96.88 $ 1,932.00 2026 $ 409.33 $ 750.05 $ 91.89 $ - $ 15.66 $ 565.77 $ 98.82 $ 1,931.52 2027 $ 423.88 $ 736.75 $ 89.85 $ - $ 193.46 $ 387.97 $ 100.80 $ 1,932.70 2028 $ 440.50 $ 720.85 $ 87.73 $ - $ 202.16 $ 379.26 $ 102.81 $ 1,933.32 2029 $ 457.12 $ 704.33 $ 85.52 $ $ 211.26 $ 370.17 $ 104.87 $ 1,933.28 2030 $ 473.75 $ 687.19 $ 83.24 $ - $ 220.77 $ 360.66 $ 106.97 $ 1,932.57 2031 $ 492.45 $ 669.43 $ 80.67 $ - $ 230.70 $ 350.72 $ 109.11 $ 1,933.28 2032 $ 513.22 $ 650.96 $ 78.41 $ - $ 241.08 $ 340.34 $ 111.29 $ 1,935.31 2033 $ 534.00 $ 630.43 $ 75.84 $ - $ 251.93 $ 329.49 $ 113.52 $ 1,935.22 2034 $ 556.86 $ 609.07 $ 73.17 $ - $ 263.27 $ 318.16 $ 115.79 $ 1,936.31 2035 $ 579.71 $ 586.79 $ 70.39 $ - $ 275.12 $ 306.31 $ 118.10 $ 1,936.43 2036 $ 502.57 $ 563.61 $ 67.49 $ - $ 287.50 $ 293.93 $ 120.46 $ 1,935.56 2037 $ 627.50 $ 539.50 $ 64.48 $ - $ 300.44 $ 280.99 $ 122.87 $ 1,935.78 2038 $ 654.52 $ 514.40 $ 61.34 $ - $ 313.96 $ 267.47 $ 125.33 $ 1,937.02 2039 $ 681.53 $ 488.22 $ 58.06 $ - $ 328.08 $ 253.34 $ 127.84 $ 1,937.08 2040 $ 710.62 $ 460.96 $ 54.66 $ - $ 342.85 $ 238.58 $ 130.39 $ 1,938.06 2041 $ 739.71 $ 432.54 $ 51.10 $ - $ 358.28 $ 223.15 $ 133.00 $ 1,937.78 2042 $ 772.95 $ 402.95 $ 47.41 $ - $ 374.40 $ 207.03 $ 135.66 $ 1,940.40 2043 $ 806.20 $ 370.10 $ 43.54 $ - $ 391.25 $ 190.18 $ 138.37 $ 1,939.64 20" $ 841.52 $ 335.83 $ 39.51 $ - $ 408.85 $ 172.58 $ 141.14 $ 1,939.44 2045 $ 881.00 $ 300.07 $ 35.30 $ - $ 427.25 $ 154.18 $ 143.96 $ 1,941.77 2046 $ 920.48 $ 262.63 $ 30.90 $ - $ 446.48 $ 134.95 $ 146.84 $ 1,942.28 2047 $ 962.04 $ 223.51 $ 26.29 $ - $ 466.57 $ 114.86 $ 149.78 $ 1,943.05 2048 $ 1,003.59 $ 182.62 $ 21.48 $ - $ 487.56 $ 93.86 $ 152.78 $ 1,941.90 2049 $ 1,049.30 $ 139.97 $ 16.47 $ - $ 509.50 $ 71.92 $ 155.83 $ 1,943.00 2050 $ 1,097.09 $ 95.37 $ 11.22 $ - $ 532.43 $ 49.00 $ 158.95 $ 1,944.06 lallnterest on the Improvement Area #1 Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250% rate for term bands due 2026, 2031, 2041, and 2051 respectively. 1b'Interest on the Improvement Area #1 Reimbursement Obligation is calculated at a 6.730% interest rate from 9/15/2022 to 9/1612026, and 4.500%thereafter. "'The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets could Increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT AREA #1— LOT TYPE 3 NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING 1 RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS IMPROVEMENT AREA #1 LOT TYPE 3 PRINCIPAL ASSESSMENT: $33,803.02 As the purchaser of the real properly 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 Sherley Tract 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. l 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 [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]' 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF COLLIN § The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]4 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS- LOT TYPE 3 Installment Due 1/31 Principal Interest 1.1 Additional Interest Debt Reserve Service Release Principal IntereStIbI Annual Collection Costs Total Installment 2023 $ 446.32 $ 945.03 $ 117.19 $ - $ 0.14 $ 697.57 $ 111.75 Duekl $ 2,318.00 2024 $ 461.28 $ 930.53 $ 114.96 $ - $ 0.15 $ 697.56 $ 113.98 $ 2,318.46 2025 $ 476.24 $ 915.54 $ 112.65 $ - $ 0.16 $ 697.55 $ 116.26 $ 2,318.40 2026 $ 491.20 $ 900.06 $ 110.27 $ - $ 18.79 $ 678.92 $ 118.59 $ 2,317.83 2027 $ 508.65 $ 884.10 $ 107.81 $ - $ 232.15 $ 465.56 $ 120.96 $ 2,319.23 2028 $ 528.60 $ 865.02 $ 105.27 $ - $ 242.60 $ 455.12 $ 123.38 $ 2,319.98 2029 $ 548.55 $ 845,20 $ 102.63 $ - $ 253.51 $ 444.20 $ 125.84 $ 2,319.93 2030 $ 568.49 $ 824.63 $ 99.89 $ - $ 264.92 $ 432.79 $ 128.36 $ 2,319.08 2031 $ 590.93 $ 803.31 $ 97.04 $ - $ 276.84 $ 420.87 $ 130.93 $ 2,319.93 2032 $ 615.87 $ 781.15 $ 94.09 $ - $ 289.30 $ 408.41 $ 133.55 $ 2,322.37 2033 $ 640.80 $ 756.52 $ 91.01 $ - $ 302.32 $ 395.39 $ 136.22 $ 2,322.26 2034 $ 668.23 $ 730.88 $ 87.80 $ - $ 315.92 $ 381.79 $ 138.94 $ 2,323.57 2035 $ 695.66 $ 704.15 $ 84.46 $ - $ 330.14 $ 367.57 $ 141.72 $ 2,323.71 2036 $ 723.08 $ 676.33 $ 80.99 $ - $ 345.00 $ 352.72 $ 144.56 $ 2,322.67 2037 $ 753.01 $ 647.40 $ 77.37 $ - $ 360.52 $ 337.19 $ 147.45 $ 2,322.94 2038 $ 785.42 $ 617.28 $ 73.61 $ - $ 376.75 $ 320.97 $ 150.40 $ 2,324.42 2039 $ 817.83 $ 585.87 $ 69.68 $ - $ 393.70 $ 304.01 $ 153.40 $ 2,324.50 2040 $ 852.74 $ 553.15 $ 65.59 $ - $ 411.42 $ 286.30 $ 156.47 $ 2,325.67 2041 $ 887.65 $ 519.04 $ 61.33 $ - $ 429.93 $ 267.78 $ 159.60 $ 2,325.33 2042 $ 927.54 $ 483.54 $ 56.89 $ - $ 449.28 $ 248.44 $ 162.79 $ 2,328.48 2043 $ 967.44 $ 444.12 $ 52.25 $ - $ 469.49 $ 228.22 $ 166.05 $ 2,327.57 2044 $ 1,009.83 $ 403.00 $ 47.41 $ - $ 490.62 $ 207.09 $ 169.37 $ 2,327.32 2045 $ 1,057.20 $ 360.08 $ 42.36 $ - $ 512.70 $ 185.01 5 172.76 $ 2,330.12 2046 $ 1,104.57 $ 315.15 $ 37.08 $ - $ 535.77 $ 161.94 $ 176.21 $ 2,330.73 2047 $ 1,154.44 $ 268.21 $ 31.55 $ - $ 559.88 $ 137.83 $ 179.74 $ 2,331.66 2048 $ 1,204.31 $ 219.14 $ 25.78 $ - $ 585.08 $ 112.64 $ 183.33 $ 2,330.28 2049 $ 1,259.17 $ 167.96 $ 19.76 $ - $ 611.40 $ 86.31 $ 187.00 $ 2,331.60 2050 $ 1,316.51 $ 114.45 $ 13.46 $ - $ 638.92 $ 58.80 $ 190.74 $ 2,332.88 2051 $ 1,376.35 $ 58.50 $ 6.88 $ (1,434,85) $ 667.67 $ 30.05 $ 194.55 $ 899.15 Total $ 23,437.93 $ 17,319.35 $ 2,087.06 $ (2,434.85) $ 10,365.09 $ 9,868.60 $ 4,334.90 $ 65,978.07 Notes: "'interest on the Improvement Area #1 Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250% rate for term bonds due 2026, 2031, 2041, and 2051 respectively. isllnterest on the Improvement Area #1 Reimbursement Obligation is calculated at a 6.730% interest rate from 9/1512022 to 8/16/2026, and 4.500%thereafter. t`IThe figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE IMPROVEMENT AREA #1— 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 ofless than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS IMPROVEMENT AREA #1 LOT TYPE 4 PRINCIPAL ASSESSMENT: $23,152.75 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 Sherley Tract 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. t 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 [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: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF COLLIN § The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [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 STATE OF TEXAS § COUNTY OF COLLIN § SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]' 4 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 ANNUAL INSTALLMENTS - LOT TYPE 4 2023 5 305.70 5 647.28 $ 80.27 5 - $ 0.10 $ 477.79 $ 76.54 $ 1,587.67 2024 $ 315.94 $ 637.35 $ 78.74 $ - $ 0.10 $ 477.78 $ 78.07 $ 1,587.99 2025 $ 326.19 $ 627.08 $ 77.16 $ - $ 0.11 $ 477.77 $ 79.63 $ 1,587.95 2026 $ 336.44 $ 616.48 $ 75.53 $ - $ 12.87 $ 465.01 $ 81.22 $ 1,587.55 2027 $ 348.39 $ 605.55 $ 73.85 $ - $ 159.01 $ 318.88 $ 82.85 $ 1,588.52 2028 $ 362.05 $ 592.48 $ 72.10 $ - $ 166.16 $ 311.72 $ 84.50 $ 1,589.03 2029 $ 375.72 $ 578.90 $ 70.29 $ - $ 173.64 $ 304.25 $ 86.20 $ 1,588.99 2030 $ 389.38 $ 564.81 $ 68.41 $ - $ 181.45 $ 296.43 $ 87.92 $ 1,588.41 2031 $ 404.75 $ 550.21 $ 66.47 $ - $ 189.62 $ 288.27 $ 89.68 $ 1,588.99 2032 $ 421.83 $ 535.03 $ 64.44 $ - $ 198.15 $ 279.73 $ 91.47 $ 1,590.66 2033 $ 438.91 $ 518.16 $ 62.33 $ - $ 207.07 $ 270.82 $ 93.30 $ 1,590.59 2034 $ 457.69 $ 500.60 $ 60.14 $ - $ 216.39 $ 261.50 $ 95.17 $ 1,591.49 2035 $ 476.48 $ 482.30 $ 57.85 $ - $ 226.12 $ 251.76 $ 97.07 $ 1,591.58 2036 $ 495.26 $ 463.24 $ 55.47 $ - $ 236.30 $ 241.59 $ 99.01 $ 1,590.87 2037 $ 515.76 $ 443,43 $ 52.99 $ - $ 246.93 $ 230.95 $ 100.99 $ 1,591.06 2038 $ 537.96 $ 422.80 $ 50.41 $ - $ 258.05 $ 219.84 $ 103.01 $ 1,592.07 2039 $ 560.16 $ 401.28 $ 47.72 $ - $ 269.66 $ 208.23 $ 105.07 $ 1,592.12 2040 $ 584.07 $ 378.87 $ 44.92 $ - $ 281.79 $ 196.09 $ 107.17 $ 1,592.92 2041 $ 607.98 $ 355.51 $ 42.00 $ - $ 294.47 $ 183.41 $ 109.32 $ 1.592.69 2042 $ 635.30 $ 331.19 $ 38.96 $ - $ 307.72 $ 170.16 $ 111.50 $ 1,594.85 2043 $ 662.63 $ 304.19 $ 35.79 $ - $ 321.57 $ 156.31 $ 113.73 $ 1,594.22 2044 $ 691.66 $ 276.03 $ 32.47 $ - $ 336.04 $ 141.84 $ 116,01 $ 1,594.06 2045 $ 724.11 $ 246.63 $ 29.02 $ - $ 351.16 $ 126.72 $ 118.33 $ 1,595.97 2046 $ 756.56 $ 215.86 $ 25.40 $ - $ 366.97 $ 110.92 $ 120.69 $ 1,596.39 2047 $ 790.71 $ 183.70 $ 21.61 $ - $ 383.48 $ 94.41 $ 123.11 $ 1,597.02 2048 $ 824.87 $ 150.10 $ 17.66 $ - $ 400.74 $ 77.15 $ 125.57 $ 1,596.08 2049 $ 862.44 $ 115.04 $ 13.53 $ - $ 418.77 $ 59.12 $ 128.08 $ 2,596.99 2050 $ 901.72 $ 78.39 $ 9.22 $ - $ 437.61 $ 40.27 $ 130.64 $ 1,597.86 2051 5 942.71 5 40.07 5 4.71 6 (982.77) 5 457.31 9 20.58 S 133.26 S 615.86 Notes: "'interest on the Improvement Area p1 Bonds is calculated at 3.250%, 3.750%, 4.000%, and 4.250% rate for term bonds due 2026, 2031, 2041, and 2051 respectively. "'Interest on the Improvement Area 01 Reimbursement Obligation is calculated at a 6.730% interest rate from 9/15/2022 to 8/16/2026, and 4.500% thereafter. 1` the figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Collection Costs, reserve fund requirements, Interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment SHERLEY TRACT PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE MAJOR IMPROVEMENT AREA — 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 govermnental 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. y • i AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF ANNA, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS MAJOR IMPROVEMENT AREA INITIAL PARCEL PRINCIPAL ASSESSMENT: $298969000.00 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 Sherley Tract 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. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF COLLIN § The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20. Notary Public, State of Texas] 3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Collin County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF COLLIN § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]' 4 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 ANNUAL INSTALLMENTS — MAJOR IMPROVEMENT AREA INITIAL PARCEL 2023 5 - $ 142,230 $ 14,480 $ (142,230) $ - $ 17,613 $ 32,093 2024 $ 56,000.00 $ 142,230.00 $ 14,480.00 $ - $ - $ 17,965.24 $ 230,675.24 2025 $ 58,000.00 $ 139,710.00 $ 14,200.00 $ - $ - $ 18,324.54 $ 230,234.54 2026 $ 61,000.00 $ 137,100.00 $ 13,910.00 $ 5 - $ 18,691.04 $ 230,701.04 2027 $ 63,000.00 $ 134,355.00 $ 13,605.00 $ - $ - $ 19,064.86 $ 230,024.86 2028 $ 65,000.00 $ 131,520.00 $ 13,290.00 $ - $ - 5 19,446.15 $ 229,256.15 2029 $ 68,000.00 $ 128,595.00 $ 12,965.00 $ - $ - $ 19,835.08 $ 229,395.08 2030 $ 70,000.00 $ 125,535.00 5 12,625.00 $ - $ - $ 20,231.78 $ 228,391.78 2031 $ 73,000.00 $ 122,385.00 $ 12,275.00 $ - $ - $ 20,636.41 $ 228,296.41 2032 $ 76,000.00 $ 119,100.00 $ 11,910.00 $ - $ - $ 21,049.14 $ 228,059.14 2033 $ 79,000.00 $ 115,300.00 $ 11,530.00 $ - $ - $ 21,470.12 $ 227,300.22 2034 $ 83,000.00 $ 111,350.00 $ 11,135.00 $ - $ - $ 21,899.53 $ 227,384.53 2035 $ 86,000.00 $ 107,200.00 $ 10,720.00 $ - $ - $ 22,337.52 $ 226,257.52 2036 $ 90,000.00 $ 102,900.00 $ 10,290.00 $ - $ - $ 22,784.27 $ 225,974.27 2037 $ 94,000.00 $ 98,400.00 $ 9,940.00 $ - $ - $ 23,239.95 $ 225,479.95 2038 $ 98,000.00 $ 93,700.00 $ 9,370.00 $ - $ - $ 23,704.75 $ 224,774.75 2039 $ 103,000.00 $ 88,800.00 $ 8,880.00 $ - $ - $ 24,178.85 $ 224,858.85 2040 $ 107,000.00 $ 83,650.00 $ 8,365.00 $ - $ - $ 24,662.42 $ 223,677.42 2041 $ 112,000.00 $ 78,300.00 $ 7,830.00 $ - $ - $ 25,155.67 $ 223,285.67 2042 $ 117,000.00 $ 72,700.00 $ 7,270.00 $ - $ - $ 25,658.79 $ 222,628.79 2043 $ 123,000.00 $ 66,850.00 $ 6,685.00 $ - $ - $ 26,171.96 $ 222,706.96 2044 $ 129,000.00 $ 60,700.00 $ 6,070.00 $ - $ - $ 26,695.40 $ 222,465.40 2045 $ 135,000.00 $ 54,250.00 $ 5,425.00 $ - $ - $ 27,229.31 $ 221,904.31 2046 $ 141,000.00 $ 47,500.00 $ 4,750.00 $ - $ - $ 27,773.90 $ 221,023.90 2047 $ 147,000.00 $ 40,450.00 $ 4,045.00 $ - $ - $ 28,329.37 $ 219,824.37 2048 $ 154,000.00 $ 33,100.00 $ 3,310.00 $ - $ - $ 28,895.96 $ 219,305.96 2049 $ 162,000.00 $ 25,400.00 $ 2,540.00 $ - $ - $ 29,473.88 $ 219,413.88 2050 $ 169,000.00 $ 17,300.00 $ 1,730.00 $ - $ - $ 30,063.36 $ 218,093.36 2011 $ 377,000.00 18,850.00 1885.00 $ - $ (198,230,00) $ 30,664.62 $ 19,169.62 Total $ 2,896,000.00 $ 2,629,460.00 $ 264,410.00 $ (142,230.00) $ (198,230.00) $ 683,246.85 $ 6,132,656.85 Notes: "'interest Is calculated at a 4.500%rate for term bonds due 2031, and at a 5.000%rate for term bonds due 2051. IbtThe 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. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment Collin County Honorable Stacey Kemp Collin County Clerk Instrument Number: 2022000116827 Real Property ORDINANCE Recorded On: July 29, 2022 10:24 AM Number of Pages: 54 " Examined and Charged as Follows: " Total Recording: $234.00 *********** THIS PAGE IS PART OF THE INSTRUMENT *********** Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY because of color or race is invalid and unenforceable under federal law. File Information: Document Number: Receipt Number: 2022000116827 20220729000221 Recorded Date/Time: July 29, 2022 10:24 AM User: Christina G Station: Station 9 Record and Return To: CITY OF ANNA PO BOX 776 ANNA TX 75409 STATE OF TEXAS Collin County I hereby certify that this Instrument was filed in the File Number sequence on the date/time printed hereon, and was duly recorded in the Official Public Records of Collin County, Texas Honorable Stacey Kemp Collin County Clerk Collin County, TX 52�1¢4-111-1/ '-P