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2025-013 - Approved proposed assessments to be levied against certain assessable property within Improvement Area #1 of the Forestbrook Public Improvement District No. 1 pursuant to the provision of Chapter 372 of the Texas LGC, as amended
ORDINANCE NO. 2025-013 ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS ACCEPTING AND APPROVING G 'T'HE FORESTBROOK PUBLIC IMPROVEMENT DI TRICT NO. 1 SERVICE AND ASSESSMENT PLAI'D AND IMPROVEMENT AREA #1 ASSESSMENT OLL FOR THE FORE T ROOK PUBLIC IMPROVEMENT DISTRICT NO. I; MAKING A FINDING OF SPECIAL B: NEFIT TO CERTAIN PROPERTY IN THE DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST CERTAIN PROPERTY VIT I I IMPROVEMENT AREA #1 OF THE DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE METHOD OF ASSESSMENT ANIS THE PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED; :PROVIDING PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS; PROVIDING FOR SEVERABILITY; D PROVIDING G A FFE C TI DATE WHEREAS, the Public Improvement District Assessment Act, Teas Local Government Code, Chapter 372, as amended (the "Act"), authorizes the City Council (the "Council") of the City of Paris, Texas (the "City"), to create a public improvement district within the City; and WHEREAS, on October 14, 2024, the Council approved Resolution No. R.-2024-044 authorizing, establishing and creating the Forestbrook Public Improvement District No. I (the "District"); and WHEREAS, on ,lune 23, 2025, the Council adopted a resolution (i) determining the total casts of certain authorized public improvements to be undertaken in Improvement Area #1, (ii) approving a preliminary service and assessment plan, including a proposed Improvement Area #1 Assessment roll (defined below), and (iii) directing the City Clerk of the City (the "City Clerk.") to publish and mail notice of a public hearing (the "Assessment Hearing") to consider an ordinance levying assessments (the "Improvement Area. #1 Assessments") on certain benefitted property within. Improvement Area. #1 (the "Improvement Area #1 .Assessed Property"); and WHEREAS, the City Clerk fled the proposed Improvement Area #I Assessment Roll and made the sane available for public inspection; and. WHEREAS, R: AS, the City Clerk (i) published notice of the Assessment Hearing on June 29, 2025 in. The ,Paris News, which is a newspaper of ,general circulation in the City, pursuant to Section. 372.016(b) o►f. the Acct, and (ii) mailed notice of the Assessment Hearing to the last known address of the owners of the property liable for the Improvement .Area. #1 Assessments on. June 25, 2025, pursuant to Section 372.016(c) of the .Act; and WHEREAS, REAS, the Council convened the Assessment Hearing on. July 1.4, 2025, at which all persons who appeared, or requested to appear, in person or by their attorney, were given the opportunity to contend for or contest the Improvement .Area. #1 Assessment :Roll and the proposed. Improvement .Area #1 Assessments, and to offer testimony pertinent to any issue presented on the amount of the Improvement .Area. #1 Assessments, the allocation of the costs of the authorized public improvements to be undertaken for the benefit of certain property within Improvement Area #1 (the "Improvement Area #1 Projects"), the purposes of the Improvement Area #1 Assessments, the special benefits of the Improvement Area #1 Projects, and the penalties and interest on annual installments and on delinquent annual installments of the Improvement Area #1 Assessments; and WHEREAS, the Council finds and determines that (i) the Improvement Area #1 Assessment Roll and the Forestbrook Public Improvement District No. I Service and Assessment Plan (the "Service and Assessment Plan"), attached hereto as Exhibit A and incorporated as a part of this Ordinance for all purposes, should be approved and (ii) the Improvement Area #1 Assessments should be levied as provided in this Ordinance and in the Service and Assessment Plan including the assessment roll attached thereto as Exhibit F-1 (the "Improvement Area #1 Assessment Roll"); and WHEREAS, the Council ftirther finds that there were no objections or evidence submitted to the City Clerk in opposition to the Service and Assessment Plan, the allocation of the costs of the Improvement Area #1 Projects as described in the Service and Assessment Plan, the Improvement Area #1 Assessment Roll or the levy of the Improvement Area #1 Assessments; and WHEREAS, the Council closed the Assessment Hearing, and, after considering all written and documentary evidence presented at the Assessment Hearing, including all written comments and statements filed with the City, determined to proceed with the adoption of this Ordinance in confon-nity with the requirements of the Act; and WHEREAS, the meeting at which this Ordinance is considered is open to the public as required by law, and public notice of the time, place and purpose of said meeting was given as required by Chapter 551, Texas Government Code, as amended; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 11. Terms. Capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Service and Assessment Plan. Section 2. Fi*ndiUs. The Council hereby finds, deten-nines and ordains, as follows: (a) The recitals set forth in the WHEREAS clauses of this Ordinance are true and correct and are hereby incorporated by reference and made a part of this Ordinance for all purposes as if the same were restated in full in this Section and constitute findings of the Council acting in. its discretionary, legislative capacity. (b) All actions of the City in connection with the creation and establishment of the District and the approval of this Ordinance (i) have been taken and performed in compliance with the Act and all other applicable laws, policies and procedures; (ii) have been taken and performed in a regular, proper and valid manner; and (iii) are approved and ratified. 2 (c) The apportionment of the Actual Costs of the Improvement Area #1 Projects (as reflected in. the Service and Assessment Plan) and the Annual Collection Costs pursuant to the Service and Assessment Plan is fair and reasonable, reflects an accurate presentation of the special benefit each Improvement Area #1 Assessed Property will receive from the construction of the Improvement Area #1 Projects identified in the Service and Assessment Plan, and is hereby approved. (d) The Service and Assessment Plan covers a period of at least five years and defines the annual indebtedness and projected costs for the Improvement Area #1 Projects. (e) The Service and Assessment Plan apportions the costs of the Improvement Area #1 Projects to be assessed against the Improvement Area #1 Assessed Property and such apportionment is made on the basis of special benefits accruing to such property because of the Improvement Area #1 Projects. (f) All of the Improvement Area #1 Assessed Property being assessed in the amounts shown on the Improvement Area #1 Assessment Roll will be benefitted by the Improvement Area #1 Pro ects as described in the Service and Assessment Plan, and each Improvement Area #1 Assessed Property will receive special benefits equal to or greater than the total amount assessed for the Improvement Area #1 Projects. (g) The method of apportionment of the costs of the Improvement Area #1 Projects and Annual Collection Costs set forth in the Service and Assessment Plan results in imposing equal shares of the costs of the Improvement Area #1 Projects and Annual Collection Costs on property similarly benefitted, and results in a reasonable classification and formula for the apportionment of the costs. (h) The Service and Assessment Plan has been prepared on behalf of, presented to, and reviewed by the Council and shall. be the service plan and assessment plan for the District for all purposes as described in Sections 372.013 and 372.014 of the Act. (i) The Improvement Area #1 Assessment Roll should be approved as the assessment roll for the Improvement Area #1 Assessed Property. 0) The provisions of the Service and Assessment Plan relating to due and delinquency dates for the Improvement Area #1 Assessments, interest on the Improvement Area #1 Annual Installments,, interest and penalties on delinquent Improvement Area #1 Assessments and delinquent Improvement Area #1 Annual Installments, and procedures in connection with the imposition and collection of Improvement Area #1 Assessments should be approved and will expedite collection of the Improvement Area #1 Assessments in a timely manner in order to provide the services and improvements needed and required for the area within Improvement Area #1. Section 3. Service and Assessment Plan. The Service and Assessment Plan is hereby accepted and approved as the service plan and the assessment plan for the District. The Service and Assessment Plan shall be updated by the Council no less frequently than annually as required 3 by the Act and more frequently as may be required by the Service and Assessment Plan or as deemed necessary or appropriate by the City. Section 4. 1,M,provement Area #1 Assessment Roll. The Improvement Area #1 Assessment Roll is hereby accepted and approved pursuant to Section 372.016 of the Act as the assessment roll for the Improvement Area #1 Assessed Property for all purposes. Section 5. Le)a.,..and fo ment of Imimovernent Area #1 Assessments for Costs of the .Lm+ v ..R,rovement Area #1 Projeck, (a) The Council hereby levies the Improvement Area #1 Assessments on each Improvement Area #1 Assessed Property, as shown and described in the Service and Assessment Plan and the Improvement Area #1 Assessment Roll, in the respective amounts shown in the Service and Assessment Plan, as a special assessment as set forth in the Improvement Area #1 Assessment Roll. (b) The levy of the Improvement Area 41 Assessments shall be effective on the date of adoption of this Ordinance and shall be collected and enforced strictly in accordance with the terms of the Service and Assessment Plan and the Act. (c) Each Improvement Area #1 Assessment may be prepaid in whole or in part at any time without penalty or may be paid in annual installments pursuant to the terms of the Service and Assessment Plan. (d) Each Improvement Area #1 Assessment shall bear interest at the rate or rates specified in the Service and Assessment Plan. (e) The Improvement Area 91 Annual Installments shall be collected each year in the manner set forth in the Service and Assessment Plan. (f) The Annual Collection Costs for the Improvement Area #1 Assessed Property shall be calculated pursuant to the terms of the Service and Assessment Plan. Section 6. Method of Assessment. The method of apportioning the costs of the Improvement Area #1 Projects and Annual Collection Costs is set forth in the Service and Assessment Plan. Section 7. Penalties and Interest on DelinguentJ..m'P'rovement Area #1 Assessments. Delinquent Improvement Area #1 Assessments shall be subject to the penalties, interest, procedures and foreclosure sales set forth in the Service and Assessment Plan and as allowed by law. Section 8. Pre Davtnents of Improvement Area #1 Assessments,. As provided in the Service and Assessment Plan, the owner of any Improvement Area #1 Assessed Property may prepay the Improvement Area 41 Assessments levied by this Ordinance. Section 9. Lien Prj2rj!X. The Council and the owners of the Improvement Area #1 Assessed Property intend for the obligations, covenants and burdens on the Improvement Area #1 11 9 PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THIS THE 14 T" DAY OF JULY.., 2025. /P Mayor City of Paris, Texas FANS- M --W 1A E C I Clerk ty of Paris, Texas .1-0* A 0-1 (Ci al) TE)( 111111110\\ STATE OF TEXAS § COUNTY OF LAMAR § Signature page to Assessment Ordinance Forestbrook Public Improvement District No. I MT -IW m Forestbrook Public III,pA"'ruvK-.;ment D*istrict No. 1 UU ri A -mor-mmorr- 12 CAT :61 taro] A W-0 K ME Tableof Contents ............................................................................................................................ 1 Introduction.................................................................................................................................... 2 SectionI. Definitions ....................................................................................................................... 3 Section11: The District ................................................................................................................... 10 Section III: Authorized Improvements .......................................................................................... 10 SectionIV: Service Plan ................................................................................................................. 12 SectionV: Assessment Plan .......................................................................................................... 13 Section VI: Terms of the Assessments .......................................................................................... 16 Section VI I. Assessment Roll ......................................................................................................... 23 Section V111: Additional Provisions ................................................................................................ 23 Exhibits............ 4.4 A&6&&&#&a000040* 0 . . . . . .. . 0 0 0 ... . 4 A 0 4 * * * * . . .. . . . a . a a * # .. 0 0 4.4.4 4 # 4 .. 4 4 # # 0 0 . . . . . .. . & & 0 0 0 0 0 0 . 0 0 . . A * * . 4.4 0 * * .. . . * . . . ..... 25 Appendices.................................................................................................................................... 26 Exhibit A-1 — Map of the District ................................................................................................... 27 Exhibit A-2 — Map of Improvement Area #1 and Remainder Area........ ....................................... 28 ExhibitB-1 — Project Costs ............................................................................................................ 29 Exhibit B-2 — Apportionment of Costs .......................................................................................... 30 ExhibitC — Service Plan ................................................................................................................. 31 Exhibit D — Sources and Uses of Funds ........................................................... w ............................. 32 Exhibit E — Maximum Assessment ................................................................................................ 33 Exhibit E-1—improvement Area #1 Assessment Roll .................................................................... 34 Exhibit F-2 —improvement Area #1 Annual Installments .............................................................. 35 Exhibit G-1 — Maps of Major Improvements ............ ....... 36 Exhibit G-2 — Maps of Improvement Area #1 Improvements ...................................................... 38 Exhibit H — Form of Notice of Assessment Termination ............................................................... 42 Exhibit I.1— District Legal Description .......................................................................................... 45 Exhibit 1-2 — Improvement Area #1 Legal Description .................................................................. 48 Exhibit 1-3 — Remainder Area Legal Description ........................................................................... 49 AppendixA — Engineer's Report ............................................................................ w ...................... 51 Appendix B - Buyer Disclosures .................................................................................................... 52 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 SERVICE AND ASSESSMENT PLAN Capitalized terms used in this Service and Assessment Plan shall have the meanings given to them in Section I unless otherwise defined in this Service and Assessment Plan or unless the context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to a "Section," an "'Exhibit," or an "'Appendix" shall be a reference to a Section of this Service and Assessment Plan or an Exhibit or Appendix attached to and made a part of this Service and Assessment Plan for all purposes. On October 14, 2024, the City Council passed and approved Resolution No. 2024-044 authorizing the establishment of the District in accordance with the PID Act.. which authorization was effective upon approval in accordance with the PID Act. The purpose of the District is to finance the Actual Costs of Authorized Improvements that confer a special benefit on approximately S9.621 acres located within the corporate limits of the City, as described by the legal description on Exhibit 1-1 and depicted on Exhibit A-1. The PID Act requires a Service Plan 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 Sect*lon V. The PID Act requires an Assessment Roll that states the Assessment d against each Parcel determined by the methochosen 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 itcluded as Exhibit F-1. M111011), FORESTBROOK PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 3 SERVICE AND ASSESSMENT PLAN Trustee in connection with PID Bonds, including their respective legal counsel. Annual Collection Costs collected but not expended in any year shall be carried forward and applied to reduce Annual Collection Costs for subsequent years. "Annual Installment" means the annual installment payment of an Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional Interest related to the PID Bonds, if applicable. "Annual Serv*lce Plan Update" means an update to this Service and Assessment Plan prepared no less frequently than annually by the Administrator and approved by the City Council. "Apportioned Property" means any Parcel within the District against which the costs of the Authorized Improvements are apportioned based on special conferred benefit and against which an Assessment is anticipated to be levied, but not yet levied. "'Apportionment of Costs" means an amount allocated by this Service and Assessment Plan to a Parcel within the District for future Authorized Improvement costs., other than Non -Benefitted Property, subject to a future levy of Assessments by the City and also subject to reallocation upon the subdivision of such Parcel or reduction according to the provisions herein and in the PID Act. "Assessed Property" means any Parcel within the District against which an Assessment is levied. 0 "Assessment" means an assessment levied against Assessed Property to pay costs of certain Authorized Improvements as speed 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 "Assessment Roll" means any assessment roll for the Assessed Property, Including the Improvement Area #1 Assessment Roll, as updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act., including updates prepared in connection with the issuance of PID Bonds or in any Annual Service Plan Updates. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT 4 SERVICE AND ASSESSMENT PLAN described"Authorized Improvements" means the costs and improvements authorized by Section 372.003 of the PID Act', and depicted on Exhibits G-1 and publication"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, capitalized AILi reserve . ra requirements, • a i i (including - fee of AAA AMA underwriter), i. -e charged i Texas a %i General,. otherand any expense incurred ` City directly associated "" issuance of A► "'City" means the City of Paris, Texas. ",City Council" means the governing body of the City. "County" means Lamar County, Texas. "Dehinquent Collection Costs" mean costs related to the foreclosure on Assessed Property and the costs of collection of delinquent Assessments, delinquent Annual Installments, or any other delinquent amounts due under this Service and Assessment Plan, including penalties and reasonable attorneys - fees actually paid, excluding y amounts representing interestand penalty interest. "Developer" means, Lone Star Planned Development, LLC., and any successors or assigns thereof that intends to develop the property in the District for the ultimate purpose of transferring title "Distr I ict" means the Forestbrook Public Improvement District No. I containing approximately 59.621 acres located within the corporate limits of the City, and more specifically described in Exhibit 1-1 and depicted o , "Engineer's describes the Authorized Improvements, including their costs, location, and benefit, and is market"Estimated Buildout Value" means the estimated value of an Assessed Property with fully constructed buildings, as provided by the Developer and confirmed by the City Council, by considering such factors as density, lot size, proximity to amenities, view premiums, location, historical fcontracts, homebuilders, from third party f any other factors that, - judgment - f impact value. The Estimated Buildout Value for each Lot Type is shown on Exhibit E. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 5 SERVICE AND ASSESSMENT PLAN "Improvement Area #1-" means approximately 18.076 acres located within the District, more specifically described in Exhibit 1-2 and depicted on Exhibit A-2. "Improvement Area #1 Annual Installment" means the Annual Installment of the Improvement Area #1 Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs related to Improvement Area #1, anM (4) Additional Interest related to the Improvement Area #1 Bonds, if and when issued, as shown on Exhibit F-2. Additional Interest is not charged on the Assessments which secure the Improvement Area #1 Reimbursement Obligation but will be included in future Improvement Area #1 Annual Installments in the event Improvement Area #1 Bonds are issued. "Improvement Are#1 Assessee d Proprty" means any Parcel within Improvement Area # a1 against which an Improvement Area #1 Assessment is levied. ""Improvement Area #1 Assessment"' means an Assessment to be levied against Improvement Area #1 Assessed Property, to pay for a portion of the Improvement Area #1 Authorized 4 Improvements, and imposed pursuant to an Assessment Ordinance and the provisions herein, as shown on the Improvement Area #1 Assessment Roll, subject to reallocation or reduction #ursuant to the provisions set forth in Section VI herein and in the PID Act, "'Improvement Area #1 Assessment Roll" means the Assessment Roll for the Improvement Area #1 Assessed Property, as updated, modified, or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including any updates prepared in connection with the issuance of PID Bonds or any Annual Service Plan Updates. The Improvement Area #1 Assessment Roll is included in this Service and Assessment Plan as Exhibit F-1. "Improvement Area #1 Authorized Improvementsil means collectively, (1) the Improvement Area #1 Projects; (2) the first year's Annual Collection Costs related to the Improvement Area #1 Bonds; and (4) Bond Issuance Costs incurred in connection with the issuance of PID Bonds to refinance all or a portion of the Improvement Area #1 Reimbursement Obligation, if and when issued. "Improvement Area #1 Bonds" means those certain "City of Paris, Texas, Special Assessment Revenue Bonds., Series 2025 (Forestbrook Public Improvement District No. 1 Improvement Area #1 Project)" that are secured by Improvement Area #1 Assessments and expected to be issued in calendar year 2025. "I m provement Area #11 m p rove me ntsht mea n s th e Aut h o ri ze d I rn p rove m e nts wh i ch o n ly b e n efit the Improvement Area #1 Assessed Property, as further described in Section 111.13 and depicted on Exhibit G-2. 110111111111 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 6 SERVICE AND ASSESSMENT PLAN "Improvement Area #1 Initial Parcel" means all of the Improvement Area #1 Assessed Property against which the entire Improvement Area #1 Assessment is to be levied, as shown on the Improvement Area #1 Assessment Roll in Exhibit F-1. "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 "Improvement Area #1 Reimbursement Agreement" means that certain Reimbursement Agreement, effective April 28, 2025 entered into by and between the City and the Developer, in which the Developer, either directly or through affiliates, agrees to construct the Improvement Area #1 Projects, and to fund certain Actual Costs of the Improvement Area #1 Projects, and the City agrees to reimburse the Developer for Actual Costs of the improvement Area #1 Projects paid solely from the revenue collected by the City from Improvement Area #1 Assessments, including Improvement Area #1 Annual Installments. The City anticipates that it will issue Improvement Area #1 Bonds in the future, at which time all or a portion of the Improvement Area #1 Reimbursement Obligation balance will be reduced by the amount of the PID Bond proceeds. "Improvement Area #1 Reimbursement Obligation" means an amount not to exceed the aggregate amount of Improvement Area #1 Assessments levied, to be paid to the Developer pursuant to the Improvement Area #1 Reimbursement Agreement. The Annual Installments for the Improvement Area #1 Reimbursement Obligation are shown on Exhibit F-2. "Indenturelf 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, setting forth the terms and conditions related to a series of PID Bonds. ot" 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 classcation of final bung Lots with similar characteristics (e.g. lot size, home product', Estimated Buildout Value, etc.), as determined at the time of the applicable levy of Assessments 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 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 7 SERVICE AND ASSESSMENT PLAN Value of the Lot as provided by the Developer, and confirmed by the City Council, as shown on Exhibit E. "Lot Type 1" mea n s a Lot Type with 1 n I m p rovern ent Area #1 gene ra I ly m a rketed to home bu I Id ers as a 55' Lot. The buyer disclosure for Lot Type 1 is attached hereto as part of Appendix B. "Major Improvements" mean those Authorized Improvements that confer a special benefit to all of the Assessed Property within the District, as further described in Section III.A. and depicted on Exhibit G-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. "I on -Benefitted Property" means Parcels within the boundaries of the District that accrue no special benefit from the Authorized Improvements as determined by the City Council. "Notice of Assessment Termination.11 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 H. "Parcel" or "Parcels" means a specific property within the District identified by either a tax parcel identification number assigned by the Lamar County Appraisal District for real property tax purposes, by legal description, or by lot and block number in a final subdivision plat recorded in the plat or the official public records of the County, or by any other means determined by the City. VID Act" means Chapter 37 2., Texas Local Government Code, as amended. "PI[ Bonds" means any bonds issued by the City in one or more series and secured in whole or in part by Assessments. "Prepayment" means the payment of all or a portion of an Assessment before the due date of the final Annual Installment thereof. Amounts received at the time of a Prepayment which represent a payment of principal, interest, or penalties on a delinquent installment of an Assessment are not to be considered a Prepayment, but rather are to be treated as the payment of the regularly scheduled Annual Installment. "Prepayment Costs" means interest, including Additional interest and Annual Collection Costs, to the date of Prepayment. "Pe Improvementsil means improvements required to be constructed., or caused rivatto be constructed, by the Developer to deliver final Lots and that are not Authorized Improvements. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 8 SERVICE AND ASSESSMENT PLAN Costs of the Private Improvement 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 41.545 acres located within the District, as more specifically described on Exhibit 1-3 and depicted on Exhibit A-2, to be developed as one or more future improvement areas. The Remainder Area includes all of the District save and except a - a, 071 N 3 1 "Remainder Area Apportioned Property" means any Parcel within the Remainder Area against which a portion of the Actual Costs of the Major Improvements are apportioned based on special conferred benefit, and against which an Assessment is expected to be levied, but not yet levied. "Remainder Area Apportionment of Costs" means an Apportionment of Costs against a Parcel within the Remainder Area for the Remainder Area Projects, as shown on Exhibit B-2, subject to 0 reallocation upon the subdon of such Parcel or reduction according to the provisions herein and in the PID Act. "Remainder Area Projects)) means the pro rata portion of the Major Improvements allocable to the Remainder Area based on Estimated Buildout Value. "Service and Assessment Plan" means this Forestbrook Public Improvement District No. I Service and Assessment Plan, as updated, amended, or supplemented from time to time. "Service Plan" means the plan described in Section IV which covers a period of at least five years and defines the annual indebtedness and projected costs of the Authorized Improvements. "Trus teell means the trustee or successor trustee under an Indenture. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 9 SERVICE AND ASSESSMENT PLAN . . . . . . .. . .. . ... ... �= W, . . . . . . . . . . . SECTION Ill: THE DISTRICT . . . . .................... . ........... The District includes approximately 59.621 contiguous acres located wn the corporate limits of the City, the boundaries of which are more particularly described on Exhibit 1-1 and depicted on Exhibit A-1. Development of the District is anticipated to include approximately 291 Lots developed with single-family homes. Improvement Area #1 includes approximately 18.076 contiguous acres located within the corporate limits of the City, the boundaries of which are more particularly described on Exhibit 1-2 and depicted on Exhibit A-2. Development of Improvement Area #1 is anticipated to include approximately 87 Lots developed with single-family homes classified as Lot Type 1. The Remainder Area includes approximately 41.545 acres located within the corporate limits of the City, the boundaries of which are more particularly described on Exhibit 1-2 and depicted on Exhibit A-2. Development of the Remainder Area is anticipated to include approximateIV 204 Lots 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 has determined that the Authorized Improvements confer a special benefit on the Assessed Property. Authorized Improvements will be designed and constructed in accordance with the City's standards and specifications and will be owned and operated by the City, or as otherwise noted below. The budget for the Authorized improvements is shown on Exhibit B-1. The Apportionment of Costs of the Major Improvements is skown on Exhibit B-2. A. Major Improvements m Sonitary Sewer Improvements including trench excavation and embedment, trench safety, piping, manholest service connections, testing,. and all other necessary appurtenances constructed to City standards required to provide sanitary sewer service to all Lots within the District. The sanitary sewer improvements will be owned and operated by the City. Improvements including trench excavation and embedment, trench safety, piping, valves, fire hydrant assemblies, testing, and all other necessary appurtenances constructed to City standards required to provide water service to all Lots within the District. The water FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 10 SERVICE AND ASSESSMENT PLAN improvements will be owned and operated by the City. 0 Pocket Park Improvements including an outdoor grade commercial playground set, and outd## "`#r a oedestal drinking fountain with bottom pet fountain, a bicycle rack, four (4) outdoor benches, parking spaces, and all other necessary appurtenances constructed to City standards required to provide a pocket park to all Lots within the District. The pocket park improvements will be owned and operated by the City. I 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 fees, and consultant fees. B. Improvement Area 41 Improvements Improvements including subgracle stabilization, pavement, sidewalks, barrier free ramps, signage, striping, streetlights, testing, and all other materials associated with the public residential road rights-of-way within Improvement Area #1. The roadway improvements will be owned and operated by the City. 31111111111• improvements including trench excavation and embedment, trench safety, piping, vales, fire hydrant assemblies, service connections., testing, and all other necessary appurtenances constructed to City standards required to provide water service to each Lot within Improvement Area r water improvements will be owned and operated momm ■ Sanitary Sewer Improvements including trench excavation and embedment, trench safety, piping, manholes, service connections, testing, and all other necessary appurtenances constructed to City standards required to provide sanitary sewer service to each Lot within Improvement Area #1. The sanitary sewer improvements will be owned and operated by the City. ■ Storm Drainage Improvements including trench excavation and embedment, trench safety, piping, inlets, .R;R.. PUBLIC IMPROVEMENT DISTRICT NO. 1 SERVICE AND ASSESSMENT PLAN headwalls, rock rip -rap, pond outfalls, testing, and all other necessary appurtenances constructed to City standards required to provide adequate drainage within Improvement Area #1. i sewer i i i be owned and operated • i 0 Soft Costs the Improvement Area #1 Improvements designing, constructing, installing �! i i and design, fees, i i *ii testing, survey, construction management,. contingency, legal fees, and consultant fees. Equals i amount be deposited in +s debt service reserve ii under an applicable Indenture connection i issuance of PID Bonds. ■ Underwriter`s Discount costsEquals a percentage of the par amount of a particular series of PID Bonds related to the * such PID Bonds. Equals a percentage of the par amount of a particular series of PICS Bonds reserved for the underwriter's attorney fees. CostofIssuance Includes costs of issuing a particular series of PID Bonds, including but not limited to issuer fees, i attorney's fees, .• financial advisory fees,1/ fees, i appraisal fees, publication fees icharged by i Texas * Attorney General, i d any other cost or expense directly associated with the issuance of PID Bonds. Deposit to Administrative Fund Equals the amount necessary to fund the first year's Annual Collection Costs for a particular series of PICS Bonds. SECTION IV: SERVICE PLAN xxxxr iirltirl4//////////////////A filllfffffiiiii/»ini, ;;; ,,,..,,,, ,mm� ,,,rte rimer T, �mnn ... ,,,i. �, �z� ,,, �„�ar r ��rz rr ra u�aexe ,rcrr,<.0 rFrwaea; rcrcHr arcarnvxrma� i rl1r.� r..aYilf ,,,, rN ...... 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 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 12 SERVICE AND ASSESSMENT PLAN 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 initial Service Plan for the District. Per the PID Act and Section 5,014 of the Texas Property Code, as amended, this Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form of the buyer 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 each year in an Annual Service Plan Update and as necessary to reflect any budget revisions at the time the PID Bonds are issued. . ...... . . . . . . ............ . ..... .. . . . . . . . . . . 1� YANJYM11i N"I'MRARK, W H(MMEW WKWA SECTION V: ASSESSMENT PLAN ...... ... . . . .. . .. . . . ........ .. .. .. . . . . .......,f4 tvvrr,rvwrvr '. 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 Service and Assessment Plan describes the special benefit received by each Assessed Property 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 The determination by the City Council of the Assessment methodologies set forth below is the result of the discretionary exercise by the City Council of its legislative authority and governmental powers and is conclusive and binding on the Developer, and all future owners and developers of the Assessed Property and Apportioned Property. A. Assessment Methodologi, FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 13 SERVICE AND ASSESSMENT PLAN 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 determined that the costs related to the Authorized Improvements shall be allocated a # o The costs of "" Major Improvementsbe allocated to Improvement Area #1 and the Remainder Area based upon Estimated Buildout Value of each Parcel or Assessed Property to the Estimated Buildout Value of + Remainder Area is allocated 70-10% of the Major Improvements costs, and Improvement Area #1 is allocated 29.90% of the Major Improvements costs. The Remainder Area and Improvement Area #1"s shares of the Major Improvement costs are illustrated in Exhibit The costs of the Improvement Area #1 Authorized Improvements shall be allocated to each Parcel within Improvement ` ' " e ' based on ` of " Estimated Buildout Value of each Parcel designated as Improvement Area #1 Assessed Property to the Estimated Buildout Value of all Improvement Area #1 Assessed Property. Currently, the Improvement # ♦ it Area ♦ i Parcel ** Parcel .e Improvement AeA and as such, the Improvement Area #1 Initial Parcel is allocated 100% of the Improvement Area #1 Authorized Improvements. B. Assessments The Improvement Area #1 Assessment will be levied on the Improvement Area #1 Initial Parcel 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 the any Annual Service Plan Update. Upon division or subdivision of the Improvement Area Initial wrrcel, the Improvement • #1 Assessment will be reallocated pursuant to Section V1. The Maximum Assessment for each current Lot Type is shown on Exhib*lt E. In no case will the Assessment for Lots classified as Lot Type I exceed the corresponding Maximum Assessment for Acting in its legislative engineer and reviewed by the City staff and by third -party consultants retained by the City, the City Council has found and determined the following: Improvement % or ♦ AI FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. SERVICE AND ASSESSMENT PLAN The costs of i Improvement i it # Authorized ► Improvements • i equal $4,480,825 r hibit and The Improvement Area #1 Assessed Property receives special benefit from the Improvement Area #1 Authorized Improvements equal to or to reater than the Actual Cost of the Improvement Area #1 Authorized Improvements; and The Improvement i ♦ # Initial Parcel hID allocated 100% w Improvement i Area r # Assessment IR♦ levied i. i Improvement i , i # Authorized Improvements, which equals $2,012,000 as shown on the Improvement Area #1 Assessment i attached ii. Exhibit The special bwi received ♦i s Improvement i. •rD #1 Initial Parcel i Improvement i �. A w #1 Authorized . i Improvements equal M # i amount of i ,t, i a + ■ #1 Assessment ($2,.012,000) greater y levied r i i Improvement i i i t # Initial Parcel Improvement Area # Authorized Improvements; and At the time the City Council approves this Service and Assessment +Ir Developer ii 'ii of i Improvement i ir t InitialParcel. i Developer acknowledges that the Improvement i it # Authorized Improvements confer a special benefit on the Improvement Area #1 Initial Parcel and consents to the imposition of the Improvement Area #1 Assessment to pay for e Actual associated ii w Developer iAP '/i accepts, rARi and approves: i determinations iM a findings i City Council as to the special benefits described herein and the applicable Assessment Ordinance; i Service ARI # Assessment .r• r and i applicable Aii Ordinance; Ar *► levying t • Improvement a i Area r # Assessment i Improvement # Initial Parcel. equalThe costs of the Major Improvements allocable to the Remainder Area equal $605.,488 as shown on Exhibit B-1; and The Remainder Area receives special benefit from the Remainder Area Projects greater i Actual # Remainder itProjectsallocable to the Remainder Area Apportioned Property; and FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 15 SERVICE D ASSESSMENT PLAN The Remainder Area Apportioned Property will be apportioned 70.10% of the Major Improvements, which equals $605,.488 as shown on Exhibit B-1, of which all or a portion is anticipated to be levied at a later clate- and At the time the City Council approves this Service and Assessment Plan, the Developer shall own 100% of the Remainder Area. The Developer acknowledges that the Major Improvements confer a special benefit on the Remainder Area and consents to the apportionment of the Remainder Area portion of costs in anticipation of a future levy of Assessments by the City Council to pay for all or a portion of the Remainder Area portion of costs associated therewith. The Developer shall ratify, confirm, accept, agree to, and approve: (1) the determinations an!r findings by ' City Councilto the specialbenefits described herein; (2) this Service and Assessment Plan.; and (3) the Apportionment of Costs on the Remainder Area Apportioned Property. 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. The interest r # r Improvement oa w Aa* s Assessment ar g r Improvement or e A.ra # Reimbursement Obligation shall be collected at rates established in this Service and Assessment Plan, as shown on Exhibit F-2, pursuant to the Improvement Area #1 Reimbursement Agreement as part of the Improvement Area #1 Annual Installment pursuant to the Improvement Area #1 Reimbursement Agreement, which will not include Additional Interest unless and until Improvement Area #1 Bonds are issued. Any reallocation of Assessments as described inthis "Section vl 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. +� w Irl 1' 1. Upon Division Prior to Recording of Subdivision Plat FORESTBROOK PUBLIC DISTRICT 4 SERVICE ■ ASSESSMENT PLAN 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 --ot- 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, as provided by the Developer, relying on information from homebuilders, market studies, appraisals, official public records of the County, and any other relevant information regarding the Assessed Property. The Estimated Buildout Value for Lot Type I is shown on Exhibit E and will not change in future Annual Service Plan Updates but Exhibit E may be updated in future Annual Service Plan Updates to account for additional Lot Types. The calculation as confirmed by the City Council shall be conclusive and 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 Annual Service Plan Update immediately following such reallocation. 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)J/E Where the terms have the following meanings: FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 17 SERVICE AND ASSESSMENT PLAN 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 sa me Lot Type D = the sum of the Estimated Buildout Value for all of the newly subdivided Lots excluding Non -Benefitted Property E= the number of newly subdivided Lots with 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 pe rf ormed by the Ad m i n 1 strator a nd conf i rm ed by th e City Co u nci I based on Esti mated Buildout Value information provided by the Developer, homebuilders, third party consultants, and/or the official public records of the County regarding theThe Estimated Buildout Value for Lot Type I is 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 and binding. 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. 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 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 VII.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 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 18 SERVICE AND ASSESSMENT PLAN become Non -Benefitted Property, the owner of such Lot, Parcel or portion thereof shall pay to r � # i i cause to paid to • City, ifull amount of i Assessment, all Pr Costs and Delinquent Collection Costs for such Assessed Property, prior to or concurrently with 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 i/ recordable # i Assessment i i r of attached ii# as MaximumH. C. True -Up of Assessments if 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 person or plat # pay such amounts.no time shall the aggregate Assessments r. exceed ii i Maximum i • createdIf the Actual Costs of completed Authorized Improvements are less than the Assessments, then (i) in the event PID Bonds have not been issued for the purpose of financing Authorized Improvements affected by such reduction in Actual Costs, the City Council shall reduce each Assessment on a pro rata basis such that the sum of the resulting reduced Assessments for all Assessed Property equals the reduced Actual Costs that were expended, or (ii) in the event that PID Bonds have been issued for the purpose of financing Authorized Improvements affected by such reduction in Actual Costs, the Trustee shall apply amounts on deposit in the applicable account of the project fund i Indenture relating series of as directed by the City pursuant to the terms of such Indenture. Such excess PID Bond proceeds i be used for !ny purpose authorized Indenture. i i Assessments .i♦ shall never .w i reduced i an amount less than the amount required '# # • lirll outstanding 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. FORESTBROOK PUBLIC • SERVICE AND ASSESSMENT 1 E. Prepayment of Assessments The owner of any Assessed Property may, at any time,. pay 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 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; and (3) the obligation to pay the Assessment and corresponding Annual Installments shall terminate with respect to said Assessed If an Assessment on an Assessed Property is prepaid in part with Prepayment Costs: (1) the Administrator shall cause the Assessment to be reduced to zero 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; (3) the obligation to pay the Assessment will be reduced to the extent of the Prepayment made; and (4) the City shall provide the owner with a recordable "Notice of Assessment Termination." For purposes of Prepayments, the Improvement Area #1 Reimbursement Obligation is and will remain subordinated to any PID Bonds secured by a parity lien on the Improvement Area #1 Assessments issued to refinance all or a portion of the Improvement Area #1 Reimbursement 1301 M 11 F. Payment of Assessment in Annual lnstallment� Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit F-2 shows the estimated Improvement Area #1 Annual Installments. 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 Parcel not including any Non - Benefitted Property, as shown by the Lamar County Appraisal District for each tax parcel FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 20 SERVICE AND ASSESSMENT PLAN 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. To the extent permitted by the PID Act or other applicable law, the City Council may provide for other means of 11! Annual Installments, but in no case shall the City take any action, or fail to take any action, thwould cause it to be in default under any Indenture. Assessments shall have the lien priority specified in the PID Act. Sales of the Assessed Property for nonpayment of Ann u a I I nsta I I mentssha I I be subject to the I ien 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 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 I of the following year. The initial Annual Installments of the Improvement Area #1 Assessments shall be due when billed and shall be delinquent if not paid prior to February 1, 2026. 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. G. Prepayment as a Result of an Eminent Domain Proceeding or Takin,;� %W 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 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 21 SERVICE AND ASSESSMENT PLAN 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 For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the Assessment that was levied against the Assessed Property (when it was included in the Taken Property) prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property less the Taken Property) (the "Remaining Property"), following the reclassification of the Taken Property as Non -Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. The owner of the Remaining Property will remain liable to pay, pursuant to the terms of this Service and Assessment Plan, as updated, and the PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property exceeds the applicable Maximum Assessment, the owner of the Remaining Property will be required to make a Prepayment in an amount necessary to ensure that the Assessment against the Remaining Property does not exceed such Maximum Assessment, in which case the Assessment applicable to the Remaining Property will be reduced by the amount of the partial Prepayment. If the City receives all or a portion of the eminent domain proceeds (or payment made in an agreed sale in lieu of condemnation), such amount shall be credited against the amount of Prepayment, with ?ny remainder credited against the Assessment on the Remag Property. In all instances the Assessment remaining on the Remaining Property shall not exceed the applicable Maximum Assessment. By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and 10 acres is taken a a Tkin, the 10 acres of Taken Property shall be through g reclassified as Non -Benefitted Property and the remaining 90 acres constituting the Remaining Property shall be subject to the $100 Assessment (provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining Property would exceed the Maximum Assessment, as applicable, on the Remaining Property by $10, then the owner shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the Assessment on the Remaining Property shall be adjusted to $90. Notwithstanding the previous paragraphs in this subsection, if the owner of the Remaining Property notifies the City and the Administrator that the Taking prevents the Remaining Property FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 22 SERVICE AND ASSESSMENT PLAN from being developed for any use which could support the Estimated Buildout Value requirement, the owner shall, upon receipt of the compensation for the Taken Property, be required to prepay the amount of the Assessment required to buy down the outstanding Assessment to the applicable Maximum Assessment on the Remaining Property to support the Estimated Buildout Value requirement. The owner will remain liable to pay the Assessment on both the Taken Property and the Remaining Property until such time that such Assessment has been prepaid in full. Notwithstanding the previous paragraphs in this subsection, the Assessments shall never be reduced to an amount less than the amount required to pay all outstanding debt service requirements on all outstanding PID Bonds. The Improvement Area #1 Assessment Roll is attached as Exh*lbit 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. Avii i I I 1 6 0 Ok is W do AL Ak A 0 4ft W W 4W 40 dh Am Ab db AD AN a a Ab 40 4b 40 ' A& FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 23 SERVICE AND ASSESSMENT PLAN Amendments to this Service and Assessment Plan must be made by the City Council in accordance with the PID Act. To the extent permitted by the PID Act., this Service and Assessment Plan may be amended without notice to owners of the Assessed Property: (1) to correct mistakes and clerical errors; (2) to clarify ambiguities; and (3) to provide procedures to collect Assessments, Annual Installments, and other charges imposed by this Service and Assessment Plan. f Ty 6=1 The Administrator shall: (1) perform the obligations of the Administrator as set forth in this Service and Assessment Plan; (2) administer the District for and on behalf of and at the direction of the City Council; and (3) interpret the provisions of this Service and Assessment Plan. Interpretations of this Service and Assessment Plan by the Administrator shall be in writing and shall be appealable to the City Council by owners of Assessed Property adversely affected by the interpretation. Appeals shall be decided by the City Council after holding a public meeting at which all interested parties have an opportunity to be heard. Decisions by the City Council shall be final and binding on the owners of Assessed Property and developers and their successors and assigns. D. Form of Buyer Disclosure/Filling Requirement -2 Per Section 5.014 of the Texas Property Code, as amended, this Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form of the buyer disclosures for the Lot types with the District. The buyer disclosures are attached hereto as Appendix B. Within seven days of approval by the City Council, the City shall file and record in the real property records of the County the executed ordinance of this Service and Assessment Plan, or any future Annual Service Plan Updates. The executed ordinance, including any attachments, approving this Service an Assessment Plan or any future Annual Service Plan Updates shall be filed and recorded in their If any provision of this Service and Assessment Plan is determined by a governmental agency or court to be unenforceable, the unenforceable provision shall be deleted and, to the maximum extent possible, shall be rewritten to be enforceable. Every effort shall be made to enforce the remaining provisions. rORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 24 SERVICE AND ASSESSMENT PLAN The following Exhibits are attached to and made a part of this Service and Assessment Plan for all purposes: Exhibit A-1 Map of the District Exhibit A-2 Map of Improvement Area #1 and Remainder Area Exhibit B-1 Project Costs Exhibit B-2 Apportionment of Costs Exhibit c Service Plan Exhibit D Sources and Uses of Funds Exhibit E Maximum Assessment Exhibit F-1 Improvement Area #1 Assessment Roll Exhibit F-2 Improvement Area #1 Annual Installments Exhibit G-1 Maps of Major Improvements Exhibit G-2 Maps of Improvement Area #1 Improvement--� Exhibit H Form of Notice of Assessment Termination Exhibit 1-1 al Dscription District Lege Exhibit 1-2 Improvement Area #1 Legal Description Exhibit 1-3 Remainder Area Legal Description FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 25 SERVICE AND ASSESSMENT PLAN The following Appendices are attached to and made a part of this Service and Assessment Plan for ,all purposes: Appendix A Engineer's Report Appendix B Buyer Disclosure FORESTBROOK PUBLIC IMPROVEMENTDISTRICT SERVICE AND ASSESSMENTPLAN allz iC NU PIP 'hilt, 41 ... .... .... ..... ...... .. . 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M A V-1 z LLJ 2 tA (A LLJ z LLJ Footnotes.* [a] The Improvement Area #1 Initial Parcel is contained entirely within Property ID 22769, and is subject to change based on final certified rolls provided by the County prior to billing. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 34 SERVICE AND ASSESSMENT PLAN 2026 23,294 130,780 40,000 $ 194,074 2027 $ 24,808 129,266 40j800 $ 194,874 2028 $ 26,420 127,653 $ 41,616 $ 195,690 2029 $ 28,138 125,936 $ 42,448 $ 196,522 2030 $ 29,967 $ 1241107 $ 43,297 $ 197,371 2031 $ 31,915 122,159 44,1+63 $ 198,237 2032 $ 33,989 $ 120,085 $ 45j0146 $ 199,120 2033 36,198 117,876 $ 45,947 $ 200,021 2034 38,551 115,523 $ 46,866 $ 2001,940 2035 $ 41,057 $ 113,017 $ 47,804 $ 201..878 2036 $ 43,726 $ 110,348 $ 48,760 $ 202,834 2037 $ 46.1568 $ 107o506 $ 49,735 203,809 2038 $ 49,595 $ 104,479 $ 50,730 204,803 2039 $ 52,818 $ 101;255 $ 51.1744 $ 2075,818 2040 $ 56,252 $ 97,822 $ 52,779 $ 206t853 2041 $ 59,908 $ 94;166 $ 53,835 $ 207/909 2042 $ 63/802 $ 90)272 $ 54,911 $ 208,985 2043 $ 67,949 $ 86,125 $ 56,010 $ 210/083 2044 $ 72,366 $ 81,708 $ 57J30 $ 211,204 2045 $ 77/070 $ 77,004 $ 58,272 $ 2121346 2046 $ 82,079 $ 71j995 $ 59,438 $ 213,512 2047 $ 87/414 $ 66,660 $ 60,627 $ 214,700 2048 $ 93,096 $ 60,978 $ 61,839 $ 2151913 2049 $ 99,147 $ 54,926 $ 63)076 $ 2171150 2050 $ 105,592 48,482 $ 64,337 $ 218,411 2051 $ 112,456 41,618 $ 65;624 $ 219.9698 2052 $ 119,765 $ 34,309 $ 66,937 $ 2211011 2053 $ 127,550 $ 261,524 $ 68,275 $ 2221349 2054 $ 135,841 $ 18,233 $ 69,641 $ 2231#715 2055 144..670 $ 9,404 $ 71;034 $ 225,108 Total $ 2,012..000 $ 2.,610.,214 $ 10622,723 6..244..938 Footnotes: [a] Interest on the Improvement Area #1 Reimbursement Obligation is calculated at 6.50% for illustrative purposes, which is not higher than 2% above the Bond Buyer Index dated June 12, 2025 and is subject to change. Interest on the Improvement Area #1 Reimbursement Obligation may increase by 0.50% to include Additional Interest if PID Bonds are issued. [b] 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. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 35 SERVICE AND ASSESSMENT PLAN - — ---------- - - -------------- Vol", mm Owl . .... __ All, muuul o0q) )(I '&LICOO, HV"VVSlOVd 40 AILK) . . . .. ..... ....... . . . M3VUO'lmm i4loist/losm, a _�Ir , s ...................... . .. . ......... m 0, PIP a Ir . ... . ...... . ..... . - ..... . ...... 49 JITV v Vw "is Q amir so NO emu 011111 a* on fall "DID will wimiq im mill =0 =111, M, M, wil 40 1 �41 : I I I Two am r11 wo Oil ...... ...... .......... 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Oft, I ,�),� �!�, '�l s"21 wl,� C)" ey , I 111, " 0 � l,'A"I", I Ik"llill'),"M vvl,11,09, uAll, I vem, "I %Q -4i k, V . E� V4 f ................. . ... ... ... . -- .............. 0w69,6,&, A lwwlg,�,g A"'I"'WANW, .............. I . ...... EXHIBIT H — FORM OF NOTICE OF ASSESSMENT TERMINATION . . . . . . . .................. . .......... P3Works, LLC t284 Huntington Square, Suite 100 North Richland Hills, TX 76182 [Date] Lamar County Clerk's Office Honorable [County Clerk] Lamar County Courthouse It 9 N e Main Stret Paris, TX 75460 &* All** 1 0 Re: City of Paris Lien Release documents ior ii ing Dear Ms./Mr. [County Clerk] Enclosed is a lien release that the City of Paris is requesting to be filed in your office. Lien release for [insert legal descron]. Recording Numbers.- [Plat]. Please forward copies of the filed documents to my attention: City of Paris Attn: City Clerk 150 SE 1 Street Paris, TX 75460 Please contact me if you have any questions or need additional infori-nation. Sincerely, [Signature] P3Works, LLC (817) 393-0353 FORIESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 42 SERVICE AND ASSESSMENT PLAN [City Secretary Name] [City Secretary Address] NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR OF +IN -FORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD RECORDS: SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. ____ ......... STATE OF TEXAS S W-3-519j"71011" municipalityTHIS FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN (this "Full Release") is executed and delivered as of the Effective Date by the City of Paris, r I exas, a I exas home rule WHEREAS, the governing body (hereinafter referred to as the "City Council") of the City, Texas is authorized by Chapter 372, Texas Local Government Code, as amended (hereinafter referred to as the "Act"), to create public improvement districts within the corporate limits of the City; and WHEREAS, on October 14, 2024, the City Council of the City approved Resolution No. creating the Forestbrook Public Improvement District No. 1 (the "District"); and. WHEIMS, the District consists of approximately .59.+621 contiguous acres within the corporate limits of the City; and WHEREAS, on � _, the City Council, approved ordinance No. (hereinafter referred to as the "Assessment Ordinance") approving a, service and assessment plan and assessment roll for the real property located with. the District, the Assessment ordinance being recorded on , as Instrument No. in the official Public Records of Lamar -- -- - ---------- County, Texas; and,,,,,,,,,�.� WHEREAS, the .Assessment ordinance imposed an assessment in the amount o [amount] (hereinafter referred to as the "Lien Amount") and farther imposed a lien to secure the payment of the Lien Amount (the "Li.en") against the following property located within. the District, to ' i.t: FORESTBROOK PUBLIC DISTRICT J SERVICE AND ASSESSMENT PLAN [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 Lamar County, Texas (the "Property"); NOW THEREFORE, for and in consideration of the full payment of the Lien Amount, the City 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 EFFECTIVIE this the day of ', . . . . . . . . ............ . _, CITY OF PARIS, TEXAS, A Texas home rule municipality, By: .._� . ...... . ..... ... . ............. . . ........... . .. . . . ........ [Manager Name], City Manager . . . . . ......... . . . . ..................... ....... . . . ......... . . . . ........... . ........ [Secretary Name], City Clerk STATE OF TEXAS § COUNTY OF LAMAR § This instrument was acknowledged before me on the —day of . . . ..... 20_, by the Mana City ger for the City of Paris, Texa as, Texas home rule municipality, on behalf of said municipality. Notary Public, State of Texas FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 44 SERVICE AND ASSESSMENT PLAN F VVE T 9 19 Wit Rk 11: A LEGAL DESCRIFHO.'bl BEENG a traict of Imd,10vited in the JOSPEHLEACH S"URVEY. aABSTIL.,'� wFNID. 51214, Lmux Cour:ay, Texas and beikg apOrdOU of that ceftaincalled 91.420 -acre trad of lmd de&cfitxd -xs T L *tar,Plam ed Deve."lo nients. LLC. recorded in 1"ile'No. 203-188--.2,02,3 of ractdeed to' one S �pn the Official. Pubhe Records of Lamar Comty., Tex -as an d being more particulaily, described by- metesavid boinids, as aw BECiMUNG at a point at the Sotithlvest comer ofsaid called 91.20 -acre Iract, ftotu which a iuch iron rod fou,nd bears, S 00`� 2) 1 �' 5 E 0.4511 feet. said point IN, m in the Ncn, th, right-of�wwwr 9 line of J ffersou.Road (F. Nl. 1'.)07. an Wright -o- :m'. e f- ay 4, THENCEN c 00 21' 5.5"'? XXI.. 7 58 - 95) eet on falthe West boundars y line of ,call 91.20 --acre tract to a point--, TFIENCT, S 89" 3' 2311 E. 159.07 feet ftarting saidboLuiduy, fine tO -i oc THENCE S 000 2122 1 37" W. 42.65 feetto a int; 1HE!NCE S 89 E. 130.79 feet to a poult. THE'N'CE S 00" 3T'W. 5,75 feet to a poitat; TTIE]"I'SICE, S 8 31 "", 3 7' 0 0 E. 758. 3 0 uet to a point:� TIIENICE S 00"ow, w IT W. 742.. L feet tio a Point ill thle S."Outh bound-my-Hile ofafwvsaid called 9 1.2, 0 --acre tract. hring m' the aforesaid North fight. --of -umv line of'Jeffers on.Road: THE!'K."IE alon-9 the Southbounda:nF li-ne of said uffled 91 20 acre trac-t xvith the said North ri-?r h1t, a11 of -way line of k Merson Road as follows N 8_50 c' 321 " 04� � W, 78 2 . 0 ."') feel, to a concrete monun, ie. nt fowid at the. B eg imdug of a CI to the NOR'011i%TE STE UY. 2 54.5 9 ftet alotig said Curve to the Left hav,ing a radims of 11,499,16 fe&,, a central anlrlew, of 01" 16" 07"' mid a chord bearing N 86' IF 49"-W. .2,54,:.'39 feet to the PLACE OF BEGENNING., colitai.ning 1.8.076 acres ofland., FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 45 SERVICE AND ASSESSMENT PLAN j I 1 at of Imid located m the JOS0 nHbL-Y. ABSITCACT No.. 52.4, Niter a'. 'oo .xas and being a Mn certain called ntract of M � e w, i NO. M a one Star Planned, Developments, ' �N�aarl ,rec-orded in of eOfficial Public a � �,�.� u�� � �. Comity. Tex -as �.being, more � � . i � , kTa n ed by �,�� m��,y Imo,, metes ° x l " ; u CONSIENCING al, point the Sa �u. aper of said ca n ` J ° e which a 1,"Z'-inch,iron rod, ° s, ' 221" 5 5". E. 4 -.feet. � � .. m ie' o a ara�ap�pa is aax M BEGINNINGTHENCEN 00' 2`1' 1,514.5" XV. 758-95 feet alolkg the'll,"est bowidas,r lume of said cAted, .01.2-10-a(zTe tract to the PIACE OF' I Q 71,HFIEENN","CE &' 21" " 55"a 54L19 firnet continuing loan lik"es&Am v aw ° o s ° d p ��,� I �N ; a (� - 53" � 22Z'.`5.89 feet i;. ° s V np I)r r I i ° m, m ap u�6� w� w6 n° wd� gyp, � 7r � � a� �p a�u pp �6 + �« au I°hl'� line 41� m I� �^III �V° tea. ` W��` of 1 a Cu,N �:°oa e Ri �a+ Ta,, atr THEC 60.01, t AWwM said Curv,e to the Fa� din ,,- I u-0INve of � wouWo- wmfeet. central am w mN ��. Ell -a aid., ctord Naot gy S65' 312.n 59-9 feet o "I mn pciw,at the End of said Canv -1 Via, �a 14CE ° 55 " _ _64 feet to a po ia - T 4'CE S 83 a 59" 654.48 yet to p w a: Ta n CFi;; S" "ic 34" 167. " E. Au ad d felet to a, point - 1, p EN C E S 0 0 a'.2) " 3 r,, ,W .95 -f&t to apoint', HENCE N 83"37"00" W, 75'8.30 feet to pof aG �a a a a. E OF BEGIN"NING, acres ofland � r i i OO PUBLIC i IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN lisfaillitiffo RVI CE AND ASSESSMENT ..... . . .. .... mm .... .... . . . .ri iwWyf EXHIBIT 1-2 - IMPROVEMENT AREA #1 LEGAL DESCRll'-)Tl0lY .......... - - - - - -------- - -- - - - - - ----------- - - - .. ...... . M,IJIII RESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 48 I Z.-ERVICE AND ASSESSMENT PLAN "1115,11 *141;,111 :11 [OIL MUG a Iract oflaud kwated in the.TOISPEH LEACH �SLTJRA T -Y. �i'-LBSTFUC T No. ,5,24. Lanim Catnify7, Texasandtvi'mr a portion of that certain, calleid,91.2.0-acre tract of land desr-fibed as Tvact I in edeed to Lone'Star Planned Det�;Pelopment-s,- 11C., recorded in Elie No_ 203,2288-1.1-0.23, of the Official, Public R,.ecords, of L.-miair County, Tex -as aud being , pwificuilarly, ejeseliflx.A.'by more at .1 pointzat the corn, ler of said called 9 1 .-2)0-acre tract, from wtu".'eh a I , 32,5""'E. 0A.5 fi�el. said t),oint, i, th ,,:,"-inch iron rodfoumd, bearis S' line of Jefferson Road, (F. NIL 1507. 180' c-, THFqCE N 00, -1-7 55_'157' V,". 7,5895 along, the Vhowidatn: line of said called 91.120--aif,. e tract to the PLACE OF BEGRO, W14ITG' of the tract heerem rdlescribed.. Iraug fli,e We"'it braundAmy line of ;,-,.aid called tulunkg a THENCE N 00c' 221 5)' XA,7,. 5-4 1, . LID feet Con 91.20-acir tract a point; 5Be THENCE N 89r- 39' 3" E. .22f6et line to a po�it at the' giimiug of a Cur,,,:e to theRtight THENCE 60.01 feet along ss aid Cun.-e tothe Raight. luvvin,g a raekus of 3 -5 `11`56" E. and a chord.1bearing, S fl 10" E. 59.90, fietto i7t.,I a cemAmil augle,Df 04' -34i.s point at th, e Eu d,,, of said, Curve, THENCE S S -3c 39 557' E. 54,441 feet to a point; THE"q NCE S SY: 36 ' 59" E. 654.48 feet to a pouil", TH,EiCE S 83c 34' 16" E,,, 60.3,;[ feet to a point; THENCE S 010" .212" 37" W. :5-47.9.5 feet t�o a point: r H. E NNIC E N' 8 3 c , 37 0 0 W. '7 55, 8., 3 01 ff e,,, e T, a P 0 � 11 In, t THEqCE N 0:0' 212" 37"E. 5,71) feet t10 �a POint:. THE,,ITCE�N 89`:'37`.-2.Y- IV". 130.79 -feet tio apoint- THENCE THENCE N 89'4 37* 2')3" W. l-59 ,, 07 fect to the PLACE 01: BEG121,4NING, contabiinjarg 13,149, aues of land. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 49 SERVICE AND ASSESSMENT PLAN I 111-u- BEINCir a tract of yid located in theJOSPEH LEACH SIARX"EY. ABSITLACIT" No. a Count'i ' r '. Texas and being a portion, of that certain called 91.20 --acre tract of Lmd des-cribed as Tract I itt deed to Lone Star Plaimed DeT��,,etopiuiwntcs, LI.C. recorded in File, No. 2,0111 88-20B of the, Offfficipj,asRecords., of Lainwr Caun,14,4:,. Te:xas -and bein,,g niore pwlicululv described 'bv nietes aud bounds as follows BEGINNITQ'C`iat a k_'--Jnch ifon rod Bound with plastic cap :italed "K"_ "VII .'E"Y at the 'Ii!r in tLae Westelwv- boundanr line of that Southeast comer, of said called, 91.210 --acre ftract", alns cestain called -55_13 -acre tract of land desc6bed in deed to Billy G. Long- et al. recorded in File No. 15 7 1 -550eo201- 8 of 'the Official, Rablic Recudis lo,Ld,anuu- Cowtv. Texas: THENCE along theSouth, botuidavt:xf said called 91 .210-aciv, tracT as foflow's.- N SS` 03" 1 77"W'. 3455.48 feet ;vitha IV sterly boiwidwy line of said called 25,. 13-aue tract to a k' inch iron rod found, -�xilth plastic cap stauiped '"B'Y-LINME" at the most'Westefly Nardiva-est coluer of smd called 5 - 1 3-,ac-,ve mact., vin ii z in the. Noilh rigrh -o ay line. of Jeffe-y-son, Rwad (rq . M. 15 0 7, an 80' N S -5"I", 04"'W'.. 62.5.03 feet %x-ith the saidlhriult-of--wav line of Jefferson Road to apoint" , %. 1w, THENCE N 00" .2-02" "Y"t""' E. I.2,I'9Ci,,06 dep�a =u, g said figrht--of`v.-ay 'line, to a point: THENICE S &Y" 34* 167"E, 710.721 feet to -a own 06" 4,6'" 04"E., .2.01,fi�et to a int P :0 THEN"ClEf 61 _34 feeir along a Curve to the Left. havihg aradius of 130.24'.'.). feet. a central angzle olf 0 Mr 41 "' 54"' wid a chord'bearin P0 the End of" said Cur,,,,,,,t THENCE]N,4 189" :517' 571"' E_. 12-1.01 feet to a Pouiti THE2NICE S 89" 37* 213"' E. 73.255 feel to a poin'" in the East bounecku-v line of afores calleld 91.,20 acre tract, being., t1te'Westbo-unda line ofthat certain cadled'19.36-acre tract in aforesaid V I.,ont Star Plaruied De,,r"elopinenrs. LIC'derd:l THENCE alonty the E'astbaundwy line of said called 91 _210 acre Mad as Bollows: 46' 10"' E. 60.5. 93 :feet vvith the 'West butwdary of said, called 19.36-acxe tract to a, inch iron rod, fowid vAth, plastic capslauiped "BY..LJ24'E** at the Southwest comer, thereof beilkg the North, ivenst corner of' that oertain called 3 � 701 -au e tract of" hand descnbed iu deit-.Ad to Dale in 'Voluane 495 Page 162 of the TRx al 'Propeity 'Records of Lowy and Billtv Long. recorded S-1 Lamar Counly. '17exa;;. beillpy more ftilly described in a Release ofIlen, relcorded, in Volvane Pa ,g,e 13 of the Real Property'Records of Lamar Covuiti,,%Texasl, w, "e . tract, Md S 00c-'54' 36" XV. 16643-3 feet xv, ith, thle V"enste:rIv boundwy line, ofsaid calleid 3,301-; 1 18,3916 ac -res ofland- aBoresaid called 5'. 13 --acre tract to the PLANCE OFBEGENNING. conVilimin - New ORESTB NNS OOK F)UBLIC UMPROVNin MENT DISTRICT INO. 1 50 SNin' RVICI E AND ASSESS MIENTNNS LANIS I .'Remainder of page left intentionally blank.] FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 51 4;ERVICE AND ASSESSMENT PLAN DH R E -N G IN E E R IN G1 INC TBPELS NO F- 9184 Ill I 11C. PROJECT NO. 211659[") I Y11 -i R E 1111sil G I 11N111,111"E IE [:;21 11 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 52 SERVICE AND ASSESSMENT PLAN FR I I � 1 14 C '11 Project Description Improvefnent Area No. I consists of 87'single-famity homes agui is defineated via the map in Exhibit Iiit 2A.,, This Engineeirs Report includes information for the development improvements, e and scope of the proposed Im1wovement Area No. I infrastructure. This, re,pOrt l �the defineation of the overall Public Improvenvent District as, shown . Development brnpr,ovements The c�� ° (PID) i l i� , tel SE Loq) Highway feet eastk In the city of Texas. The PID is entirely located mfiffiin the Cdy lolf Pahs. The PID .. Improvementslocated within, the City of Paris Water CCN and within 1he City of Paris Sewer, CCN,, A PID boundary inap and legal des,cription is presented irt Exhilb"its, 1C &'2B,. 2.2 Proposed a) OveMiew AJI tots within finprovement Area No. I sharethe s rn � � classificafionand wigl ha�i� . feet.typical wkfth and diepth of 55 feet by 115 Typical �s lwdl containa Wilding pad of 40 feet by 70 feet. AnticipatedAll PID faicififies wig be designed in2ccordance, wfth the crfteria eistablishied by City of Paris and TCEQ. mImprovement Are No. I and surnmary of the anficipated developmentremainder I is shown on Exhibit 3. All roadway faciifies wil be desigrwd in accordance with the criteria established by the engineedng plans appiroved by the COy of Paris. Roadway facilifies v411 be construictW to prcMde access to each lot, ate r*,l and provide access to exisling;cessac a within the pefin*ter Dve, lmrxovement .� infrastructureconsists appro)dmately - firwar feet of onsite Winfrastructure layoLd is shown in Exhibit 4. FORESTBROOK PUBL.IC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT 0 11 I NEER I p INC c) W2ter t i on System The water supply for Fores,tbrook Estates, wil be supplied by facilittes, ffial are owned and ope.mted by the City of Pads thrcKigh. offsde connections, 'to exisfing ger kne,s. The developer will water disthbution f4clifies to serve 'the ckwelopment. The . °t a linear feet of 8 -inch residenfial watedine and 2,619 ear 'fee1 0 -inch,, residenfial water, fine- Valves anJ flushing valves are provided at intemals, as required by the neefing plan ' ..A residential yviater infrastructure layout is shown in Exhibit 5A & 5B.,, Sanit2ry Sewer System '"T'he wastewater generated will by gravity ,mn; . ; w. h e int anits' Oexisting offsfteCity sanitary sewer 'The Improvement No. 1 infrastructure proposed is approximately 3,,968 linear ea i gravfty sewer Kne and 946 linearI� ta l 104nch SystemgraVity sewer Nie. 'The residential wastewater infrastructure layout is shown in Exhlb it e) Storm Sewer concrete curb, arW" rout ed through n unde, rground stiorm, drain system of tpipe. The Improvement infrastructure proposed is approximately 1,005 fin ri to 42 -inch i�� i 071 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT J SERVICE PLAN DHR ENGINEER INGl N(j Exhibit 11A." Public Improvoment, District Map - Improvement Area No I - I I III PTA= Exhibit 1 Cl: Public Improvements District Map - Boundary Ili � III! IT Exhibit 28.* Overall Public Improvements District Boundary Exhibit W* Residential Sanitary Sewer Improvements Exhibit 6S: Master Sanitary Sewer Improvements M FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 55 SERVICE AND ASSESSMENT PLAN 7, Ow ""NOANW, 7" . . ........ . illw .-jam '�T ww ), t JI g4j), lc�' , / f, K a v, ..,,,gyltr"+� ^. , u ry .- �c , � �` km, '' . �4 � y' tt: - � ( rrrr, ,, N,p I, " ^ '; , Ir + omw lip, . ...... . . .. �' r�� "yY;, ..�" i M 1 ..�,y^, >w asrmY+mlJa /,.;"ra,.ww,wwaw�w.�avvw�mn9,�,,,,n,,»�..—_ ' 10" Ti, IfJr ... . ..... . . .. ... . . .. . .. . ....... . .......... , pr"Z' 4' lojult I I lime" 1111m 6, lam v mizvo III ou'RA u,-4 4w�- �4 x "ji ,, 0 �Ww�o ol 7n� I , Ill"" a W% � 4 (s 7sPrpplI, vio"I 111�N olum I, F; 'jull", Im I� . ..... .... 161 r, &111� 11% qP1 f 1, L *,&M 64. 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A'4 .... .... ...... f I ..... ..n�IiIr14111j 111 Y . . .. ... .... .. ... 411 41 A IT, ... .. . .... 18, 1 f), ri's .... .. ... .. FWSTORCOOK ESTATU �%. � . ............ A"" ...... .... �`, ff"i, dE �j q q m4 A, "Aw, Of 1PA, 11 1 WOO I . .... ... .... ... 'At, . . . . . . .... .. .. ...... ............ i 9o, Ill l"r F fi I, fir,V. .... I . .... .. . . .......... ,II . ........ . I( V Ill, �K "W" ff, ....... . .. I . ..J{Iq'i 11 - l� I 11111�1 ,I J';" I I is jJ 177", 1, y I unlf I, GI)"n J 'A Ali, t 1"i m 'i W, "Wr"A � 641 W, fff(f, g" f�, � I f I A i 11 1 1 �Lu— Wll`,�,; "�', p , , , , , .. .......... f"A", 11i, I hl�� I ff, ('ff, 7,� .!:, III , M q� , & . .... 1 0, IV,', 9, U "II", IRS fl,,,ffff, .. . ...... .. . ..... ... . . .. . . ..... .. . ........ 11 1 1,fli"If 1,111) )AJ, I I ..... (11, f . .. . .. ...... l4li III, i uJ rx ........... . 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FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 57 SERVICE AND ASSESSMENT PLAN EXMIT,2A IMPROVENIENT AREANG, I BOUNDARY' (PID ]DESCRIPT ION AR17�A NO. 1) REINE "i a tnact of Iandlocatul in, the JOSPEHIIIEACH ABTSTRACTI 5,24, Lamar Covwtv. Texas andbei'ugg aa of tLat cermin, called acre, tract of land, desmbed as P Ell 111-10,ja Star "Plannemd lvjeI�pnients.. ILC, recorded in File No. 203288-2,023 of' Traxt 1 in deeed to,]FLone," the Official Public Records of Lamar Comt-y'.. 1'exas and be�ig more particulafly d(nx-�ribedbv me. tes andboutAs as follum.- BEGINNINGT at a point at th e South, comer of &aid, called .0 L'2' 0 acre tract,'. fj,-om a c'a h, x), m :Rn d f0llUd'titars S 00' 221, ' 55"" E. 0 A5 ket. said htpoint lying in the Noilh rig --of-vva, lihe of Jefflm;,,om Road IA. 1507. an 80`:rig1it--,of--way),; TI �%�! HC E,E'N00` 221'� 5) " " 5Xk`. 7,5 8.95 feet ;efltang thm NVest boundary line of said caffed 91.20 acre 'trad t0 el, p0illt'm' 71191HE`_NCT S 89" 37" 21Y` E-1. 1559.07 f�et dtpart"ting si,:,aid boundmy line to a point; THENCE S 00" 2!2)" 37" W. 165.ftet to a pD.WRt ITHE"NWE S 89" 3 7" 11-311 130,, 79 feet to 2 01iffl, 'rHENC E S 00" .2-22' 37"%k`,",. 55. 7:5 ftt to a pofiA, 'm'ENCE S 8.3' 37" 00"E. 758. 3 0 'feet t0 'l point: THI ENCE S 00': 21,22' 3 T VV. 742 � 11 feet to a point im ffie Soutl i, bolm& ry 11ine of" aforesaid called 91.20-atre tract.. Ivin g in thr. aforesaid g - -of. - North riht-wav 1i e of kffuenson. Ro ad - g . u T THIEN.,CE -:Aoi,�uz t1le SOLIth bound-ml r ine ofsaid c,alled 9 1.20-acre tractxvitll ttiesaid, Norfliri P-11t of-way''Une., of Jefferson Road, as follows.- N 8-45'"' 3,21", 041a� Nk". 7S2.02 feet to a concrete monument f6und at file'Begirming of a Cuive to the NORTHWNva S " a�,, IRLY. 42.54.59 feeq t alosaid Ctmv, to the Left, T 9 ui a radius of 11 .4 PP. II' . feet., a central zuq;ft of 01, " 16 " 0 7-7 mid a chord bearinle N 86' 11 " 49"" W. 215.54. 159 Beet to th, e PLACE OF 18.076 acres of lmd. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 58 SERVICE AND ASSESSMENT PLAN 'r�:xH�,mrir` 2B, - OVEmEALL'PUB'[1c im"PROVEMEW F)L�;'feu' R7"'BOUNI)A]R,."'Y" '[.,E,G,AL DE',.SCR1FI10N BEING a tract of 1wid located in thie JOSSPEH LEACH SURVEY. ABS"ITA C."T No- 5,26-4, Lamar ribed ass, Coumly Tc-Xas and, beiqy,,a portion of that certain caued 91.210 -acre ftact of laud desc Tract 1 in, deed to Lone. Plamied'Devellopnimts. 11C. recorded -.in'rile NO )03"88-2023 of th,e OfficiA Pilbhc Records of'Lam,ar Cowtv. Texas Wild being more partic-ttlarly describledby metes m4bowds as f6flowivs: BEGINNTNG at a point at ffi e S, o. tith west comer ofsaid called 9 1, 0.arre tract. brom xvinch a � ry inch iron rod folind, e bars S GO 2 1 �' 5 5"' E. 0 . 45 feet, sl .aid, int lvin.p_r ih the Nxih fight-o&Nvay Pil oaa line of'Jefferson'Rioad (F . AL 1 5'�07, wi, 80 � ri -Of-xva° T,IiENWE 'N 00' 2 I 55"W. T."S 8.95 Belet alo, n the West boundarv- line of said called, 91 .20 -acre 'g tract"to a a oint, TlHiENC'T, "S 1"39" 3T 23" E. 159.07 feet de artinger saidboLmdw-y. line to a HEpo�.11 T S' 000 37'lk,"' 2.65 feet to a point- . THE,NCEH "19E)Z 80' 37" 23-'r E, 130-719 Bet -to a poiut: TFIE!�'CE S 00 16: 37' ,_'75 a met to a poiut' TE'-`, 8 - .ltaHENCS3": .37" 00"E758.30feeto point .4 11 f ft.'t to a point in flic South bloundmy line of 'THENCE afaresaid called S 010 37"'' W ., 7 91.210 acre tract,1-Ing '111 the aforffsaid, Nonh right-of-way line of Jeff'ea scyn Road: THE�, 4CE aloxkg the lirie of said callt.:A, 9 1.2_10 acre ft --act -Iviffi the said Ni orth figlft- of-xvayp filie of Jeff&soun Road asf0110INS': N, 85r' .32)" 04"""' W 7821,02 f".t to a concrete montiment found at the'Begituninarc& a Curve to 'the 1, e ft 'NORTHWESTERLA71. '25s4_"_591 fft.,t along. c;A-id Curve to the Left, having -a radius o�f 11.4-99.r6 fi�et_ acentral angle of'01' 16* 07" alid a chordbewrhkg, N' 86c 1 1'" 49' 'XXV. 1.1.,54 .59 feet to the R'L.ACE OF BEGINNINN(iway coataining 18.076 acres of land. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 59 QRVICE AND ASSESSMENT PLAN BEING' a ITact ofland located in the. JOSPEH . LLEACH ST. IRX EY. kB TIUCT Tk;o. 524. Lawnmr Cotmtv. Tex -as aad bentig a porti-cm, of'that cert�aim called 91.1'210--a.cre tract oflamd. diLmiefibled as W 'Fract I in, �d",,,d to Loix, Star Plame,%J Deri7elopivuents, LLC* reclDrdeid, infii.le NNio,. 2101.288-202_3 of the Official Public Refcord,,; of Lamar Comity. 'Tex -as md being mlore. ar-fictillaxly describedb P Y metes and blounds a.,,; flo'llomi-K- 0 EN "N u6y at a pr wal the Southwest couu-,-r ofsaid cAled from wh on iron rod, folitind beus S 00" *"1 5"' E. 0 .45,feet.. �said point theNcoft'll WIL' Of Jeffin-son Road NL 1 _'507. �a n 80" hg-h1t-of-;1va�) T "d called 91.0 --acre HE,, ;�CE 1 7A,". 758_9 5 feet al=97 the West bc)un:dar'%,,,,- 'hne of s.m tract to the PL�'%,,CE OF BEGNNNING-r of the ITact hereiia dewrilxd; TH hENCE N" (OK."I" 2-1 1 ` :5- "55" '. 541 . 19 b"I contiim,,iing alousz the'Wes t biouafdary fine of said icalled 16. 91 .mm210-acre tmact a point; THENCE N 89* 39' _53" E. 2255.89 Beet de6paifing1r, ,;,aid bowidaril 1�ae to a Pomt al the. Begzirming. of a CurtT to, the RigImt TIHENICE SOUTHEASTIERLY. 60-01 foet aknig said Curve to the R� glht,, harving a rrradtus, i:kf 782,ket. a central anuale of 04' 3,42' 5FE. aj-.id a chord bearitig S 88611: 3-612' 10"'E. .59,99 beetto a poiin,t at, the Fai,,dofaid cur'..'e; T4, HENC'T S 83c 39' `55" Er 54, 64, feet to as point: THENCE S 83' 36- :50),19" E. 65448 feet to, a point, 2 -1 THEN.,'C'E S 830 3,, * '167" E. 60.34 feet to a poilit-, THENCE S 001: 7" V7. 547.95 feet tO �1 P01111", TH, EqCE N SY 37' 00- W, 758.30 feet to a, point; THENCE N 00: 2`12' 37" E. 3.75 feet to a point. - THENCE N 89" 37* '123"W, 130.790 feet to a pomt! THLNCE N 00" 221' 37"E. 12.65 feet to a point" THENCE N 89" 37" -W_ 15P.0 77' feet to the PLACE OF BEG G. cont3.1,49 ams of land., FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 60 SERVICE AND ASSESSMENT PLAN BEING, atract of limc ate u e JOSPE H LEACH SIM,;TY- ABSTRACT No.. 52-4. I Lamm - County,* Texxas zmd, being a pordon of' t1mt ceftain called 9L.2.0 -acre tract of" 1atuld desciribed, as %,., Tract I inde,,ed to, Lone St�ar Plwmed, Developnaeuts, LLC. recorded, iii File No_.2032.88-20'23 of Iffive, Oc ffikivd Public Recori-1"v of Lurlu County., Texas md be�i,g mcore particulafl-rq.- describedby metes and bounds, as follows: -11C, WITHTIE,111",-, at t1le B'ECXNN,,1N,'C." atr a - inch u -on rod, found x1vith plastic rc-,ap stamped Southeast comel- of said called 9l.20-a(_41 e ying in t1te "Wes-tertv bomdary line of that certaun 5.13 -acre tract of land described in deed toR Biltv, & Lwkv. et al, recorded in File "0. 15 7 1 -':59 0 18 o f t1w 0 f f, i cis c Rec ords; of L am ar Count% a. Texas ta 'WP HF.NCE along. the Srmuth boundary hae ofsaid called 91.20 -acre tmct as fbflov,,,-.;_: N88" 03 " 17"" v boundary bue of said called 51 3 -acre tract to lip), P I: a C 01mer t tht. umst West,,e%T1o;! Nolllv,,�io inch irourod fouti.d with plastic cap st;miped B a n 80" it-of-wa ee k�7ith said '!,,4irx1h rigo ht-ff-wav e linof ers Jeff on. Rf,.)ad to a point: 'N 8 _`15"' 3 2Y 0 4 INI. 612-:5.03f t 17 TH'F7,.14CE !N, 100" _2121" 37" E. e said rLight-of-mmv 1ine to a poilit.: THIf-LrNCE '1` 8 3 " .34 "' 16""'E.,� 71.032 feet to a pomt" TH"P,NCE 2N, 46' 04" FE, 2.0t f6et to a point" THE,X`.E ',S'01,JTHE,A,S0TEM_'Y.., 61.34 feet aloniz a Curve to flie Lelft. h,,-T;,,rimTa radius of 1_30,2_422 feet., a c-entral zmzgle of'O.-I" .41 o' 54""" and. a chim-d bewi:ug S 87" .5 0 * 3:55" E., 61,33 �ket to a potnt at the End of s aid Ciwv e. 0 THENCE N89" 5 )'T 57"'E. 112 1, _0 I fi!et -to a point. - THENCE S Sa 37" 2.3"" E, 71.52"51"' feet to a pouit iii the East, boun&,u,v line ofaforesaid called 91 ,220 -acre tract. beinz the lVestboutidvy, line of fliat certain ualed, 19.36 -acre ft -act in afbvt aid Lcme Stw- PlaimedDevelopyen tsi, LLC deed; THENCE alon,g the'East boundary line of said called 91 .'210 -acre tract as fbilows: SO 001`46" 10"L 605,93 feet xvith 'W"est boundai- y hue, of'said, called, 19,36-acretract to a incla, uronr rod lb"UsIdd, plastic cap Fite ui,peud "BYL1'.N,7F at -the Saudi-i;vest commef tlh�ereof. beinit the 11�e:st camei- of tLat certafii,, called 1701 -acre ft -act of land desbe,d in deed to Dale Lone md Bifiv G_ Loug.. recorded in, Volume 49.5., Pa e 162 ofthea l PropeT��tv Records of Lmuar Count-,�,; bekg more ftilly described in a Release oflien, recorded in 'kioll-11me 668. Palq,le 1-3,of -the Real Projxrty.Reciords. of Lmuar CcvuntN�, Texxas; .1 -110 S 00", 54" 36'-W_ 664,,33 fieet with the 'Weste-fly, botmdary line of 115,aid ecafied 3.,701,.2cre tract amid -a ,, forts-lull"d called:5., 13 --acre tract to the PLACE OF BEGINN'EqG. ciantaiwminpv.18.3196 ofl-mid. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT 61 SERVICE AND ASSESSMENT PLAN . 1ADROVEME-2ST17 AREA NO. I EOPC' E.Xl,,llBlT 3 . .. ....... ... 5 17,32,5Z 7 1 "Zo",jam "le smpp -!lCcA4mAx-mN mTramcE LP 31,111=2 320.49 ilowco SWPP'P - 530" FENCIM EA 49.40 13w.n 12.134,41 90'rWNORK - ONME �"S G&MYNG rA *X'00, ll.%u 3"Am-jo E AA TWdj, 'D R X - 3 ri V, ' Gl, i � G F urt'l I # G EA U13,00 V 4Z,501CO F.AOM-NWRK, - FINAL LOTGRADING U, 6"ImIlloo W17 LZ3,woco E,AKrKWGRX - CURB BAC*lL1WFRf(5HT-GF- WAY' FINAL GRAMING Lr- TN 2.75 176m, Eq�.K401AWC; 41UIATI,00%, . . . .................. ....................... . .... ......... '', " EA 5 17,32,5Z 7 1 "Zo",jam "le smpp -!lCcA4mAx-mN mTramcE LP 31,111=2 320.49 ilowco SWPP'P - 530" FENCIM EA 49.40 13w.n 12.134,41 90'rWNORK - ONME �"S G&MYNG rA *X'00, ll.%u 3"Am-jo E AA TWdj, 'D R X - 3 ri V, ' Gl, i � G F urt'l I # G EA U13,00 V 4Z,501CO F.AOM-NWRK, - FINAL LOTGRADING U, 6"ImIlloo W17 LZ3,woco E,AKrKWGRX - CURB BAC*lL1WFRf(5HT-GF- WAY' FINAL GRAMING Lr- TN 2.75 176m, 20NOW Fi LL FOR IMAM," &AAD M� cv EIA "fan Z72.4"15 STORM WA77SP, DMNTHW4 PDKD Cf PERMIT ow -so JAN155 ft,9rAJWNG!W",,l6A,CWIlli. 21f, EA 14925.00 iok=-w CONMNGENCY PERMIT EA, u -1. w =100261 WTALEWAVATM S70W ISSW" MAWHOLES tA 9"11312-N a SAJ*7AXV StWO 7 ,AFEPIX�� �:F 11 . . . ....... EA 5 Z0,2131-96 1 "Zo",jam "le 0'l-3"1^ c iom LP 31,111=2 320.49 y 7M, W I sAj%lrARl( SWER LONG DOLISU Mlvi,�:CE EA 49.40 JA lfy,=,.Go s"mmm swip LoNrz saNcia, siRvia rA *X'00, 71 44 1,71W, SQ47TALRY SIEWER Sko" SINGLES Ek U13,00 32 4Z,501CO SANITARY _gzwvt MANHOLIM EAll 6"ImIlloo I20 LZ3,woco &AC10FILLANDEMSEEMENT' TN GUO 1271 ZU53-00 MATERAU7EMWIT EIA 77,111, 47 1 7.333,471 colmmfflocf PERMIT o% s 3EL3W.32 $ 57,357,06 4STORWrAWER CURS INLM EA . . . . ...... . ! ! I5 z $ .. ... 3a.W* ME", SAWARY WV" SYSTSM EA, $ 447,1nM 7 ,AFEPIX�� �:F 11 . . . ....... CA" 5 Z0,2131-96 1 "Zo",jam "le ILF 31,111=2 11,40 ?,AXW, LF 49.40 JD,974,SD 2C 1, LF 44 1,71W, W � 0Ff IF '78 U "1113-u W, "ZIP El LF le"'J"40, im"I 425" HZFf LF 132-M 4D 5123640 112m, Alcp LF U.10, m. 11"'Ja 11 E 0 SE 17 " EA 5"mco 4STORWrAWER CURS INLM EA ukwm S70STA SEWEA JUNMON WXES EA, 34,00090 S70W ISSW" MAWHOLES tA 67''AW'Wo LACKPILLANDMCMENT' T'N 26,715,Do MVSVIALSTWM� EA,8.45'2 L's", & 2,16Z.13 WNTINGINCY PERMIT 11% 423ed2L73 BONDS PERaw, 2%, 1423AIL73 �MW '441 SITC" SPNEIL SYSTM $ 4MAO"l FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 62 SERVICE AND ASSESSMENT PLAN r: "�l,;,,`*A*'^ ''u tltl so ,R �, ". STFEE u ' " �l rOMWATMUNt LF 5' "IAS'' 7� 32M ! µ .�, a,1 LVE u 13.00 VAWAX, grgrmv 914, $ m 4,2 43,162 ;.I, 17 cm EI EA,o �WzuXLE1 ]MAWAO o�.. lop ALf tA ^am, � ity/ .,, + I,. lrxrmjpzoum E �.p ievIIOpFIRE C r�� �v A ,+ blu.l 931 Ilii 'ill E �' i` "�� � '"� ,'. " / ,�,u'r ,.. rj I,' , Ifs VISDOGLE, LONG Stkv= EA 9,73M $'I 1 ",n+4 33 ��1 t� ry . I "TEM EA r. u1d� m ' {'e' mmTl d� 4Q.6334Z $ L 1'Ml, BONDS A,33m Mw�n 1 r r: "�l,;,,`*A*'^ ''u so ,R �, ". STFEE u ' " �l �y,��pOM"M'. 1 I� ""g"' �I � Off , %Vr IWIf'6M '�V n�� �' 1� 'a : �.. : a "6" k ����� � 5' "IAS'' 7� �u�y 3 ,w I00 ! µ .�, a,1 1ry�, 13.00 VAWAX, 6-S SIE EA1,(MJCO m 4,2 43,162 ;.I, TRARKCONTIROL EA,o �WzuXLE1 ]MAWAO M.CORAnVESSTOP SWRAMREET S *N COM 804S EA, Zalloo 3.7,WOM MAML,S M 4 A, �.p r �� CoNrINGENa PERcoff r�� ?=ETPARK EA TMALPOOMT PARK F. VAM, 9*40VEMEN M RSQUXID FOlt A Ift FORESTBROOK PUBLIC IMPROVEMENT DISTRICT • SERVICE AND ASSESSMENT y So S' 3'"3 Pk"CI FIFE34,03-040 a)NNECT'7'0EKISTlWG CrrV 3MMARY5:1)5:1)VIR UNE, EA1,(MJCO NTMI r VI,,, �WzuXLE1 ]MAWAO TOTAL %W0ft'MPFA7VfNVM FOR IA *1 ?=ETPARK EA TMALPOOMT PARK FORESTBROOK PUBLIC IMPROVEMENT DISTRICT • SERVICE AND ASSESSMENT y zz A ji up, in, -*tip L, r . .. ....... I jjII _j LZ -7 41� Ji Uy 411Aw, V, Ji ( mlil C "r ... ... .. . dl II III . . ... ... .. I, . .. ....... . 0— it .............. . J J I _IX. ... . ... .. . I I , — 1" 70 f7.......... .. j 'IIIAa J� WA A, ),� . . ...... . . . .... K, ZiWmjjla 0" lull) aMww,� 4—A—, I . . .. . . ,—r-vd— It I ... . . .... . V . . ........ ...... I �) , I �I1, A. mm s, ar T i6m; r J� V%' v" :V- V g 'W V,, I j" V44 "It"am, j II Zz. 11 j, mi Lurwwow� .0 V, t Z jV "IVIG WrtT T j, 'N'dio I f ql J At V, 171— 71 1 1 r 'I pp I "We ... ...... . 7 r- J l,, T I V_ lo, 1Z, µ Om -21 d �" �. f I�" .:��^ I� � � „.�:, � . rower .,,, . .. wrW;n'� � � +a ^ "M, .. ...... I JIM. VJVW V. - V J, I I V 9=:km Vo lo0c luo"I'll — 111- 1111110011,, V "A, liml, V 111 to Mill IZ—V =00 V la Ili 11. ..... ...... ........................ map . . ........... "WN I,xIra L I'M, yro jr:,, I m m1G W" aau I� mlGGuw�w uumm^w � � � IIS F, . ....................... Flu IKmr3l40t,,X 6WATTS, 591140MAYMM III,~1mulmom 0WONWISO PI JWub t, Uma V44 lulu IN law I'da IM INA1: = 1r":ar Mumu 1.1110 11" :V, U.— INN IVIUVII 11111mouloijill - - - - - ............. VI�11 1V V V I ftpm'jVo lw 1. ftll�ft IN'w II k I. VV'- -V, .... .. . .... .. . .. . ... ..... . .. . ..... . . ....... ............... ull" vulo1w m =IIIII�Ill I'll V.11 l -Ill i Ill i u-11 11 111110- . . .......... gip"ammanift K'''INA IIIIIA 11M, .......... 6 NEIRLN w,11" � ko N� -,�uvo III,& U� W. W101,10OW"P01116 . . . . ... . ... . .. 0 .. . . . .......................................... . . . . . . . . . ................ �12=111� = 1 I a, IN4 ft n V 'nb.11 1 N I 'MW"A,041,�VUIV��:— � w I m I1. V-1 ... . .......... POOMST&r"� EKSTA SuKrI44K � - I 0*--� -I-. rAdmumdo,lltnft. dw ii,w I I It Itllm�ii lelv 10, wn t W I 1 In""w 11:«r rmra s00 ..w ;rw ------------ur FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 64 SERVICE AND ASSESSMENT PLAN ,�:.; F177 lul Im4 gyII, Zile .leeea ,& 7. a , .w w. ° " IWlll�p Ilwwuu I. IIII pu IMu. 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Area rInitial ParcEL � r � � i � � • � a s r FORESTBROOK PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN I I I A person who proposes -to sell or otherwise convey real property that is located in. a pu I wic improvement district established under Subehapter 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 fortli 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 6,.e 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,, . . . . . . . ............. ............... NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF PARIS, TEXAS CONCERNING THE FOLLOWING PROPERTY . . ......... ........... . .......... -- . . . . .... . .................. STREET ADDRESS IMPROVEMENT AREA #1 INITIAL PARCEL PRINCIPAL ASSESSMEAT* $2l,0129000,00 As the purchaser of the real property described above, you arc obligated to pay assessments to City of Paris, 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 Forestbrook Public Improvement District No. I (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 Paris. The exact amount of each annual installment will be approved each year by the City of Paris 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 frorn. City of Paris. 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 Lamar County when updating for the Current III Pill III 111��11111 iiiiiiiiI 1111111111111111111111111111 "1 111 iiiiiiiii�I�"I 111111 11111111,11 111, 1 1� I Alt r4=1 C =4 IN iii [The undersigned. purchaser acknowledges receipt of this notice before the effective dat of a binding contract for the purchase of the real. property at ,r described above. i FVMM ---------------------- SIGNATURE OF PURCHASER SIGNATURE OF PURCIIASER 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: . ...... ........ . . . . . . . . ........... ......... . . . .. -- . ... . ................................ «1� .. ..................... SIGNATURE OF SELLER SIGNATURE OF SELLER]2 2 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 LAMAR § 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 2o . 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 Lamar 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. . ......... . . . . . ................... SIGNATURE OF SELLER SIGNATURE, OF SELLER STATE OF TEXAS § COUNTY OF LAMAR § 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 Texa.S4 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 Lamar County. Seller Signature Page to Final Notice with Current infori-nation of Obligation to Pay Improvement District Assessment Fill I I I I 11ml-i'll 2026 23,294 130,780 401000 194,074 2027 $ 24,808 129,266 40,800 $ 194,874 2028 $ 261420 127,653 $ 41,616 $ 195,690 2029 281138 125,936 $ 42,448► 196,522 2030 29,967 $ 124,107 43,297 $ 1971371 2031 311915 $ 1221#159 $ 44,1+63 198,237 2032 33,989 $ 120,085 $ 45,046 199,120 2033 361198 $ 1171P876 45,947 $ 2001021 2034 $ 38,551 $ 1151523 $ 46,866 200,940 2035 41,057 113,017 $ 47,804 201,878 2036 43,72+6 110,348 $ 48,760 $ 202,834 2037 46,568 $ 107,506 43,735 203,809 2038 49,595 1041479 $ 50,730 204,803 2039 52,818 101,255 $ 51,744 205,818 2040 561252 $ 97,822 $ 52,779 206,853 2041 59,908 94,166 53,835 2.07,909 2042 $ 63,802 90,272 .54,911 $ 208,985 2043 $ 67,949 861125 56,010 210,0383 2044 72366 $ 81,708 57,130 $ 211,204 2045 $ 77,070 $ 77,004 58,272 212134+6 2346 82,079 71,995 59,438 213,512. 2047 871414 66,660 $ 60,627 214,700 2048 93,096 $ 60,978 $ 61,839 $ 2151913 2049 99,147 $ 54,926 $ 631076 $ 2171150 2050 $ 105,592 $ 48,482 64,337 $ 21.8,411 2051 112,456 $ 411,618 651624 219,698 2052 $ 119,765 34,309 66,937 $ 2211011 2053 1.27,550 26,524 68,275 $ 222,349 2054 $ 135,841 18,233 69,641 223,715 2055 144,+670 9,404 $ 71,034 $ 225,108 Total 2,0121000 2,6101214 1,622,723 6,2440938 Foot notes, [a) Interest on the Improvement Area #1 Reimbursement Obligation is calculated at 6.50% for illustrative purposes, which is not higher than 2% above the Bond Buyer Index dated June 12, 2025 and is subject to change. Interest on the Improvement Area #1 Reimbursement Obligation may increase by 0.50% to include Additional Interest if PID Bondsare issued. figures AnnualService Plan Updates, Changes in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown. e Obligation to Notice of Assessment A person who proposes to sell or otherwise convey real. property that is located in a public improvement district established under Subchapter A, ChapterLocal 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 peiiod 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 bindinc, b 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,,. NOTICE OF OBLIGATION TO PAY IMPROVEMENT T IST ICT ASSESSMENT TCS CITY OF PARIS, TEXA ► CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS PAM As the purchaser of the real property described above, you are obligated to pay assessments to City of Pari s, 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 Forestbrook Public' / created under Subchapter' Chapter 372, Local Governmenti IMPROVEMENTS,AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED .PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT AID FULL, IT WILL BE DUE AND PAYABLE ANN_UAL 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 theassessment may be obtained from the City ofParis. includingamount of each annual installment will be approved each year by the City of Paris City Couric in the annual service plan update for the District. More information about the assessment • amounts and due dates, may be obtained Paris. I Your failure to payany assessment any annual may resultin penaltiesMy nd interest being added to what you owe or in I property. I To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at th closing of the purchase and sale and to be recorded in the deed records of Lamar County when updating for the Currel [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. 111111111 I, 0va 0 ', W114MMINNIN all 1.n LA W tre) 0 1 74 1 -0 1 IM I K, W 0 a 11 1%, IN I M. M&M -01111! �,,Lk 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 Ramwqrft FDOWN SIGNATURE OF SELLER FOYAV 0_0 1541 L'Ir 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 *f 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 The foregoing instrument was acknowledged before me by - — ---- 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 TexaS3 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 Lamar 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 w.,d,dress 9-bove. 10 MAM . . . . . . ............................................ . . .... --mmm-nnn—.-, . ... ... ... ... .. . ...... . ........ .. .. .. ............ .. .. .. . . . . . ................................ SIGNATURE OF SELLER SIGNATURE OF SELLER MMMIWMIMINi FeDIM161002MAUTF111,611 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 20—. -T "' 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 Lamar County Seller Signature Page to Final Notice with Current Informo atin of Obligation to Pay Improvement District Assessment 11,1111 1 lrynp-li III ... '1151 .... E! ... 2026 $ 267.74 $ 11503.22 $ 459.77 $ 21230.73 2027 $ 285.15 $ 11485.81 $ 468.97 $ 21239.93 2028 $ 303.68 $ 1,467.28 $ 478.34 $ 21249.31 2029 $ 323.42 $ 11447.54 $ 487.91 $ 21258.88 2030 $ 344.44 $ 11426.52 $ 497.67 $ 21268.63 2031 $ 366.83 11404.13 $ 507.62 $ 21278.59 2032 $ 390.68 $ 11380.29 $ 517.78 $ 21288.74 2033 $ 416.07 $ 11354.89 $ 528.13 $ 21299-09 2034 $ 443.12 $ 11327.85 $ 538-69 $ 21309.66 20.3.5 $ 471.92 $ 1.1299.04 $ 549.47 $ 2#1320.43 2036 $ 502.59 $ 11268.37 $ 560.46 $ 21331.42 2037 $ 535.26 $ 1P235.70 $ 571.67 $ 2,342.63 2038 $ 570,05 $ 1,200.91 $ 583.10 $ 21354.06 2039 $ 607.11 $ 11163.85 $ 594.76 $ 21365.73 2040 $ 646-57 $ 1,124.39 $ 606-66 $ 21377.62 2041 $ 688-60 $ 11082.37 $ 618.79 $ 21389.75 2042 $ 733.36 $ 11,037.61 $ 631.17 $ 21402.13 2043 $ 781.02 $ 989.94 $ 643.79 $ 21414.75 2044 $ 831.79 $ 939.17 $ 656.66 $ 21427.63 2045 $ 885.86 $ 885.11 $ 669.80 $ 21440.76 2046 $ 943.44 $ 827.53 $ 683-19 $ 21454-16 2047 $ 11004.76 $ 766.20 $ 696-86 $ 21467.82 2048 $ 11070.07 700.89 $ 710.80 $ 21481.76 2049 $ 11139.63 631.34 $ 725.01 21495.97 2050 $ 11213.70 557.26 $ 739.51 2,510.47 2051 $ 1,292.59 $ 478-37 $ 754.30 $ 21525.26 2052 $ 11376.61 $ 394.35 $ 769-39 $ 2,540-35 2053 $ 1t466-09 $ 304.87 $ 784.78 $ 21555.74 2054 $ 11561.39 $ 209.58 $ 800.47 $ 21571.43 2055 $ 11662.88 $ 108.09 $ 816.48 $ 21587.44 .............................. Tota 1 AKA"" $ 23,126.44 ► 30,002.46 $ 18..651.99 $ 71.t780-89 Footnotes: [a] Interest on the Improvement Area #1 Reimbursement Obligation is calculated at 6.50% for illustrative purposes, which is not higher than 2% above the Bond Buyer Index dated June 12, 2025 and is subject to change, Interest on the Improvement Area #1 Reimbursement Obligation may increase by 0.50% to include Additional Interest if PID Bonds are issued. [b] 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. Annual Installment Schedule to Notice *f Obligation to Pay Improvement District Assessmeni