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Home My WebLink AboutRES 062425-5.C - Preserve at Water Oak Public Improvement District cost determination and call for Public HearingRESOLUTION NO. 0(a211A5 -6. C-- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS DETERMINING COSTS OF THE PROPOSED PUBLIC IMPROVEMENTS IN THE PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT, APPROVING A PROPOSED ASSESSMENT ROLL, CALLING A PUBLIC HEARING, AND MAKING RELATING FINDINGS AND DETERMINATIONS, IN ACCORDANCE WITH CHAPTER 372 OF THE TEXAS LOCAL GOVERNMENT CODE. WHEREAS, the City of Georgetown, Texas (the " E4") is authorized under the Public Improvement Assessment Act, Chapter 372 of the Texas Local Government Code (the "Act") to create a public improvement district. WHEREAS, a petition (the "Petition") was submitted and filed with the City Secretary of the City on or about June 16, 2023 requesting the establishment of a public improvement district to be located within the corporate limits of the City to provide public improvements within the District to include the design, acquisition, and construction of public improvement projects authorized by Section 372.003(b) of the PID Act that are necessary for development of the District (defined herein). WHEREAS, the Petition contained the signatures of the record owners of taxable real property representing more than 50% of the appraised value of the real property liable for assessments within the District, as determined by the then current ad valorem tax rolls of the Williamson Central Appraisal District, and the signatures of record property owners who own taxable real property that constitutes more than 50% of the area of all taxable property that is liable for assessment within the District. WHEREAS, after providing all notices required by the Act and the Texas Government Code Chapter 551, on December 10, 2024 the City Council of the City conducted a public hearing to consider comments for and against the creation of the public improvement district, and the advisability of the proposed public improvements and, after closing the public hearing, passed and approved Resolution No. 121024-6.13 (the "PID Creation Resolution") authorizing the creation of The Preserve at Water Oak Public Improvement District (the "District"). WHEREAS, following the adoption of the Creation Resolution, on December 16, 2024, the City recorded the Creation Resolution with the County Clerk of Williamson County, Texas. WHEREAS, the City has reviewed the Preliminary Service and Assessment Plan (the "PSAP") attached to this Resolution as "Exhibit A" and the Proposed Assessment Roll which is attached to the PSAP pertaining to the District as Exhibit F. WHEREAS, in accordance with Section 372.016 of the Act, the City Council desires to make certain determinations and findings with regard to the total cost of the "Authorized Improvements" set forth in the PSAP attached to this Resolution as "Exhibit A." WHEREAS, in accordance with Section 372.016 of the Act, the City Council also desires to approve the Proposed Assessment Roll included in the PSAP attached to this Resolution as "Exhibit A." WHEREAS, in accordance with Section 372.016 of the Act, the City Council also desires to cause the Proposed Assessment Roll to be filed with the City Secretary, and to direct the City Secretary to make the Proposed Assessment Roll available for public inspection and public notice of the City Council's intention to consider the proposed assessments at a public hearing, all in accordance with the requirements of the Act. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS THAT: Section 1. The findings set forth in the recitals of this Resolution are found to be true and correct and are incorporated into this Resolution for all purposes by this reference. Section 2. The City Council hereby finds, declares, and directs: (a) Determination of Costs. The cost determinations for the proposed Authorized Improvements set forth in the Preliminary Service and Assessment Plan attached to this Resolution as "Exhibit A" are hereby approved. (b) Proposed Assessment Roll. The Proposed Assessment Roll included in the PSAP attached to this Resolution as "Exhibit A" stating the assessment against each parcel of assessable land in the District as determined by the method of assessment set forth in said PSAP is hereby approved, and the City Council declares that the Proposed Assessment Roll is herby filed with the City Secretary. The City Council hereby directs the City Secretary to make the Proposed Assessment Roll available for public inspection and publish notice (in substantially the form attached hereto as "Exhibit B") of the City Council's intention to consider the proposed assessments at a public hearing, all in accordance with the requirements of the Act. Section 3. The City Council hereby authorizes and directs the City Secretary to take the actions described in Section 2 of this Resolution and authorizes and directs City staff and consultants to prepare the required resolutions, ordinances, agreements, service and assessment plan, assessment roll, and all other documents necessary for the City Council to effectuate the PID Creation Resolution and this Resolution. Section 4. This Resolution shall take effect immediately from and after its passage. EXHIBIT LIST: Exhibit A - Preliminary Service and Assessment Plan includes the Proposed Assessment Roll) Exhibit B - Notice of Public Hearing to Consider Proposed Assessments to be Levied Against Property in The Preserve at Water Oak Public Improvement District PASSED AND APPROVED on the A-tW day 2025. THE CITYOF gEORGETOWN, TEXAS Josh ATTEST: By: Robyn Densmore, City Secretary APPROVED AS TO FORM: By: �— Sky'? Mass n, City Attorney Exhibit B Notice of Public Hearing EXHIBIT B CITY OF GEORGETOWN, TEXAS NOTICE OF PUBLIC HEARING TO CONSIDER PROPOSED ASSESSMENTS TO BE LEVIED AGAINST PROPERTY IN THE PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT Notice is given that the City Council of Georgetown, Texas will conduct a public hearing on Tuesday, July 8, 2025, during the regular City Council meeting beginning at 6:00 P.M. Information about how to participate in the public hearing is provided below. The purpose of the public hearing is to hear and pass on any objections to the assessments proposed to be levied against assessable property located within the Preserve at Water Oak Public Improvement District (the "District") pursuant to Chapter 372 of the Texas Local Government Code. Written and oral objections will be considered at the hearing. 1. General Nature of Improvements — The public improvements for the District (the "Authorized Improvements") may consist of one or more of the public improvements included in Section 372.003(b) of the Act. The general nature of the Authorized Improvements are: (i) the establishment of parks and open space, together with the design, construction and maintenance of ancillary structures, features, or amenities such as trails, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and other similar items; (ii) landscaping; (iii) acquisition, construction, and improvement of water, wastewater and drainage facilities; (iv) acquisition, construction, and improvement of streets, roadways, rights -of -way, signalization and related facilities; (v) entry monumentation and features; (vi) signage; (vii) projects similar to those listed in subsections (i)-(vi) above; and (viii) payment of costs associated with constructing and financing the public improvements listed in subparagraphs (i)-(vii) above, including costs of establishing, administering, and operating the District. 2. Estimated Costs of the Authorized Improvements — The estimated costs of the proposed Authorized Improvements are approximately $5,921,709 (including issuance and other financing costs). The exact amount will be provided in the approved Service and Assessment Plan. 3. Proposed Estimated Assessments — The proposed estimated assessments on property within the District is approximately the amount of $4,400,000. 4. Boundaries of the District. The District includes approximately 19.77 acres of land generally located on Highway 29 at the intersection of Water Oak Parkway. The property's current address is 3701 W. Hwy 29. The boundaries of the District are shown below. 5. How to Participate in the Public Hearing — The public hearing will be held during the regular City Council meeting on the date and commencing at the time stated above, at the City Council Chambers, 510 W. 9th Street, Georgetown, Texas 78626. The agenda for the City Council meeting and information regarding how to participate in the public hearing is available at w ww.geor ;etu�� ntexas. ov/government/cite council/meeting agend is/speak phk or by calling the City Secretary's Office at 512-930-3651. The proposed Service and Assessment Plan and Assessment Roll are available for public inspection at the Office of the City Secretary, 808 Martin Luther King Jr. Street, Georgetown, Texas 78626, and online by selecting the agenda item for this matter from the link provided above. During the public hearing, any interested person may raise objections to the assessments proposed to be levied against assessable property located in the District. « L DEDICATED ROW ti � FOR HW1'28 8 DECELERATION LANE 1 :] 2C STATE HIGHWAY 2g ORIGINAL SCALE R 1 t c� R4 F2 7=' _ R4 02 01I F5 6 ' 1L-a a �� F8 1� 03 f� j I • AL 05 06 SURDNB TAMP )i` 11pr wop•m SF 9ltrles Tafa9 0<Ir Nu•a.l L950 t - 3 N[SIi v. . _ _ *am _ t 40W -3 Ikruuml _ _ _3990 1 33" R.AIC �< Mts;rlY.Numl Ji,YtL 1 {2 tN.OZ ) S0 t 7 +i ()Z 7.750 1 w FN. 0"- 9250 _1 9—W i5 rN. OHw� 11100 1 tUm ro rN. aHu �t 1.TJa t �TfG �T M. 011b _ II.SCA�- - —11�9C H fN. OR I5.150 i 151K7 OI Mrrr A95A 7 I I W 07 CMlcr l.9S0 3 M.BY: Of 011cr LYfO ) littlC w tT — Oi Olt— d950 —6:" ) 17-W 2 13L FAIR OAKS DR. —DEDICATED RCd FOR CROSS MOUNTAIN TRA L THE PRESERVE AT WATER OAK PUBLIC IMPROVMENT DISTRICT December 12, 2024 The Preserve at Water Oak Public Improvement District PRELIMINARY SERVICE AND ASSESSMENT PLAN J U N E 2412025 TABLE OF CONTENTS Tableof Contents............................................................................................................................ 1 Introduction.................................................................................................................................... 0 SectionI: Definitions....................................................................................................................... 1 Section11: The District..................................................................................................................... 7 Section III: Authorized Improvements............................................................................................ 7 SectionIV: Service Plan................................................................................................................. 10 Section V: Assessment Plan.......................................................................................................... 10 Section VI: Terms of the Assessments.......................................................................................... 13 Section VII: Assessment Roll......................................................................................................... 19 Section VIII: Additional Provisions................................................................................................ 19 Listof Exhibits............................................................................................................................... 21 Appendices.................................................................................................................................... 22 Exhibit A — District Legal Description............................................................................................ 23 Exhibit B — District Boundary Map................................................................................................ 24 ExhibitC — Project Costs............................................................................................................... 25 Exhibit D — Service Plan — Five Year Plan...................................................................................... 26 Exhibit E — Service Plan — Sources and Uses................................................................................. 27 ExhibitF —Assessment Roll........................................................................................................... 28 Exhibit G —Annual Installments.................................................................................................... 29 Exhibit H — Maximum Assessment per Lot Type........................................................................... 30 Exhibit 1-1— Map of Authorized Improvements........................................................................... 31 Exhibit 1-2 — Map of Private Improvements.................................................................................. 43 Exhibit J — Lot Type Classification Map......................................................................................... 44 ExhibitK —Condo Final Plat.......................................................................................................... 45 Exhibit L— Notice of PID Assessment Termination....................................................................... 57 AppendixA — Engineer's Report ................................................................................................... 60 Appendix B— Buyer Disclosures.................................................................................................... 61 Initial Parcel Buyer Disclosure....................................................................................................... 62 Preserve at Water Oak public Improvement District - Lot Type 1 Buyer Disclosure .................... 68 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 1 Preserve at Water Oak public Improvement District - Lot Type 2 Buyer Disclosure .................... 74 Preserve at Water Oak public Improvement District - Lot Type 3 Buyer Disclosure .................... 80 Preserve at Water Oak public Improvement District - Lot Type 4 Buyer Disclosure .................... 86 Preserve at Water Oak Public Improvement District - Remainder Parcel Buyer Disclosure........ 92 14 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN INTRODUCTION Capitalized terms used in this Service and Assessment Plan shall have the meanings given to them in Section I unless otherwise defined in this Service and Assessment Plan or unless the context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to a "Section" or an "Exhibit" shall be a reference to a Section of this Service and Assessment Plan or an Exhibit attached to and made a part of this Service and Assessment Plan for all purposes. On December 10, 2024, the City passed and approved Resolution No. 121024-6.D authorizing the creation of the District in accordance with the PID Act, which authorization was effective upon approval. On July 22, 2025, the City adopted Ordinance No. approving this Service and Assessment Plan and the Assessment Roll for the Preserve at Water Oak Public Improvement District. The purpose of the District is to finance the Actual Costs of Authorized Improvements that confer a special benefit on approximately 19.77 acres comprising the District located within the corporate limits of the City, as described by metes and bounds on Exhibit A and depicted on Exhibit B. 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 buyer disclosure notice form required by Section 5.014 of the Texas Property Code, as amended. The Service Plan is contained in Section IV and the form of Buyer Disclosure notice is attached as Exhibit L. The PID Act requires that the Service Plan include an Assessment Plan that assesses the Actual Costs of the Authorized Improvements against Assessed Property within the District based on the special benefits conferred on such property by the Authorized Improvements. The Proposed Assessment Plan is contained in Section V. The PID Act requires an Assessment Roll that states the Assessment against each Parcel determined by the method chosen by the City. The Assessment against each Assessed Property must be sufficient to pay the share of the Actual Costs apportioned to the Assessed Property and cannot exceed the special benefit conferred on the Assessed Property by the Authorized Improvements. The Assessment Roll is contained in Exhibit F. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 0 SECTION I: DEFINITIONS "Actual Costs" mean, with respect to Authorized Improvements, the actual costs paid or incurred by or on bE!half of the Owner of the District: (1) to plan, design, acquire, construct, install, and dedicate such improvements to the City; (2) to prepare plans, specifications (including bid packages), contracts, and as -built drawings; (3) to obtain zoning, licenses, plan approvals, permits, inspections, and other governmental approvals; (4) for third -party professional consulting services including but not limited to, engineering, surveying, geotechnical, land planning, architectural, landscaping, legal, accounting, and appraisals; (5) of labor, materials, equipment, fixtures, payment and performance bonds and other construction security, and insurance premiums; and (6) to implement, administer, and manage the above -described activities, including a 4% construction management fee. Actual Costs shall not include general contractor's fees in an amount that exceeds a percentage equal to the percentage of work completed or construction management fees in an amount that exceeds an amount equal to the construction management fee amortized in approximately equal monthly installments over the term of the applicable construction management contract. Amounts expended for costs described in subsection (3), (4), and (6) above shall be excluded from the amount upon which the general contractor and construction management fees are calculated. "Additional Interest" means the amount collected by application of the Additional Interest Rate if PID Bonds are issued. "Additional Interest Rate" means the 0.50% additional interest rate charged on an Assessment as authorized by Section 372.018 of the PID Act. The Additional Interest Rate is not charged on Assessments securing the Reimbursement Obligation. "Administrator" means the City or the person or independent firm designated by the City who shall have -the responsibility provided in this Service and Assessment Plan, the Indenture, or any other agreement or document approved by the City Council related to the duties and responsibility of the administration of the District. The initial Administrator is P3Works, LLC. "Annual Collection Costs" means the actual or budgeted costs and expenses relating to collecting the Annual Installments, including, but not limited to, costs and expenses for: (1) the Administrator and City staff; (2) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (3) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (4) preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (5) paying, and redeeming PID Bonds, if issued; (6) investing or depositing Assessments and Annual Installments; (7) complying with this Service and Assessment Plan and the PID Act with respect to the administration of the PRESERVE Ar WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 1 District, including continuing disclosure requirements; and (8) the paying agent/registrar and Trustee in connection with PID Bonds, if issued, 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 may include: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional Interest, if applicable. "Annual Service Plan Update" means an update to this Service and Assessment Plan prepared no less frequently than annually by the Administrator and approved by the City Council, in accordance with the PID Act. "Assessed Property" means any Parcel within the District that benefits from the Authorized Improvements and on which an Assessment is levied as shown on the Assessment Roll and which includes any and all Parcels within the District other than Non-Benefitted Property. "Assessment" means an assessment levied against Assessed Property to pay the costs of certain Authorized Improvements as specific herein, which Assessment is imposed pursuant to an Assessment Ordinance and the provisions herein, as shown on the Assessment Roll, subject to reallocation upon the subdivision of such Parcel or reduction according to the provisions herein and in the PID Act. "Assessment Ordinance" will mean that certain Ordinance adopted by the City Council in accordance with the PID Act that approves the final Service and Assessment Plan and levies the Assessment on Assessed Property within the District, as shown on the Assessment Roll. "Assessment Plan" means the methodology employed to assess the Actual Costs of the Authorized Improvements against Assessed Property within the District based on the special benefits conferred on such property by the Authorized Improvements, as more specifically described in Section V. "Assessment Roll" means the Assessment Roll for the Assessed Property within the District and included in this Service and Assessment Plan as Exhibit F, as updated, modified, or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the issuance of PID Bonds, if issued, or in connection with any Annual Service Plan Update. "Authorized Improvements" means the improvements authorized by Section 372.003 of the PID Act, and described in Section III.A, III.0 and III.D and depicted on Exhibit C. Authorized PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 2 Improvements include the Major Improvements, Bond Issuance Costs, and First Year Annual Collection Costs. "Bond Issuance Costs" mean the costs associated with issuing PID Bonds, including but not limited to attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs, publication costs, City costs, reserve fund requirements, underwriter discount, fees charged by the Texas Attorney General, and any other cost or expense directly associated with the issuance of PID Bonds, if bonds are issued. The Bond Issuance Costs shown in Exhibit C are estimates, and subject to change upon the issuance of PID Bonds. "City" means the City of Georgetown, Texas. "City Council" means the governing body of the City. "Condo Final Plat" means the Preserve at Water Oak Condo Plat that was recorded with the County on April 11, 2025. This plat is shown on Exhibit K. "County" means Williamson County, Texas. "Delinquent Collection Costs" mean, for an Assessed Property, interest, penalties, and other costs and expenses authorized by the PID Act that directly or indirectly relate to the collection of delinquent Assessments, delinquent Annual Installments, or any other delinquent amounts due under this Service and Assessment Plan, including costs and expenses to foreclose liens. "District" means the Preserve at Water Oak Public Improvement District containing approximately 19.77 acres within the corporate limits of the City, as described legally by metes and bounds on Exhibit A and as depicted by the map on Exhibit B. "Engineer's Report" means the report provided by a licensed professional engineer that describes the Authorized Improvements, including their costs, location, and benefit, and is attached hereto as Appendix A. "Estimated Buildout Value" means the estimated buildout value of an Assessed Property with fully constructed buildings, as provided by the Owner, and confirmed by the City Council by considering such factors as density, lot size, proximity to amenities, view premiums, location, market conditions, historical sales, builder contracts, discussions with homebuilders, reports from third party consultants, or any other information that may impact value. The Estimated Buildout Value for each Lot Type is shown on Exhibit H. "First Year Annual Collection Costs" means the estimated Annual Collection Costs for the first year following the levy of Assessments. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 3 "Indenture" means an Indenture of Trust entered into in connection with the issuance of PID Bonds, as amended or supplemented from time to time, between the City and the Trustee setting forth terms and conditions related to the PID Bonds, if issued. "Initial Parcel" means all of the Assessed Property against which the entire Assessment is levied, as shown on the Assessment Roll. "Landowner Consent Certificate" means a Landowner Consent Certificate by any Owner dated , as may be further amended. "Lot" means (1) for any portion of the District for which a final subdivision plat has been recorded in the official public records of the County, a tract of land described by "lot" in such final and recorded subdivision plat, and (2) for any portion of the District for which a horizontal condominium regime has been created, a tract of land described by "unit" in the final declaration of condominium regime. "Lot Type" means a classification of final building Lots with similar characteristics (e.g. lot size, product type, Estimated Buildout Value, etc.), as determined by the Administrator and confirmed and approved by the City Council. "Lot Type 1" means Assessed Property intended for use as Multi -Tenant Retail within the District. "Lot Type 2" means Assessed Property intended for use as Quick Service Retail within the District. "Lot Type 23" means Assessed Property intended for use as Office within the District. "Lot Type 4" means Assessed Property intended for use as Flex Office within the District. "Major Improvements" mean improvements that confer a special benefit to all of the Assessed Property within the District, more specifically described in Section III.A and shown on Exhibit C. "Maximum Assessment" means the amount shown for each Lot Type on Exhibit H. The Maximum Assessment shall be reduced annually by the principal portion of the Annual Installment:. "Non-Benefitted Property" means Parcels within the boundaries of the District that accrue no special benefit from Authorized Improvements as determined by the City Council. "Owner" means 3701 SH29 LLC, a Texas limited liability company, and their successors and assigns. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 4 "Parcel(s)" rneans a property within the boundaries of the District, identified by either a tax map identification number assigned by the Williamson Central Appraisal District for real property tax purposes, by metes and bounds description, by lot and block number in a final subdivision plat recorded in the official public records of the County, or by any other means as determined by the City Council. "PID Act" means Chapter 372, Texas Local Government Code, as amended. "PID Bonds" means any bonds issued in accordance with the PID Act, if applicable, that are secured in whole or in part by Assessments. "Private Improvements" means those improvements which are not Major Improvements, including internal streets and monument signage within the proposed District. Private Improvements are not Authorized Improvements, are not eligible for reimbursement, and will be paid by the Owner as shown in Exhibit E. "Prepayment" means the payment of all or a portion of an Assessment before the due date thereof. Amounts received at the time of a Prepayment which represent a payment of principal, interest, or, penalties on a delinquent installment of Assessment are not to be considered a Prepayment, but rather are to be treated as a payment of the regularly scheduled Assessment. "Prepayment Costs" means interest, including Additional Interest (if applicable), and Annual Collection Costs incurred up to the date of Prepayment. "Reimbursement Agreement" means that certain "PID Construction, Financing, and Reimbursement Agreement The Preserve at Water Oak Public Improvement District" effective July 8, 2025, entered into by and between the City and Owner, whereby all or a portion of the Actual Costs not paid to Owner from PID Bonds, will be paid to the Owner from Assessments to reimburse the Owner for Actual Costs paid by the Owner, plus interest, that are eligible to be paid with Assessments. "Reimbursement Obligation" means an amount not to exceed $4,347,000 secured by Assessments to be paid to Owner pursuant to the Reimbursement Agreement, but excluding any payments from the net proceeds of PID Bonds. The Annual Installments for the Reimbursement Obligation are shown on Exhibit G. The Reimbursement Obligation is anticipated to be satisfied and financed by a portion of the Improvement Area #1 Bonds. At the time that PID Bonds are issued, the Bonds will be sized so that the Tax Rate Equivalent will not exceed $0.55. "Remainder Parcel" means all the Assessed Property within the buildings labeled "Unit 3", "Unit 15", "Unit 13", "Unit 11", "Unit 9", "Unit 7", "Unit 6" "Unit 14", "Unit 12", "Unit 10", and "Unit 8" on the Condo Final Plat, as shown on Exhibit K. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 5 "Remaining Property" shall have the meaning assigned to such term in Section VI.F. "Service and Assessment Plan" means this Preserve at Water Oak Service and Assessment Plan approved by City Council on July 22, 2025, as updated, amended or supplemented from time to time. "Service Plan" means the plan more specifically described in Section IV that covers a period of at least five years and defines the annual indebtedness and projected costs of the Authorized Improvements. "Taken Property" shall have the meaning assigned to such term in Section VI.F. "Taking" shall have the meaning assigned to such term in Section VI.F. "Tax Rate Equivalent" means the equivalent tax rate of the average Annual Installment of the Assessment per $100 of Estimated Buildout Value of the respective Lot, as shown on Exhibit H. The Assessment is not a tax. "Trustee" means the trustee (or successor trustee) under an Indenture. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 6 SECTION II: THE DISTRICT The District includes approximately 19.77 acres within the corporate limits of the City, as described legally by metes and bounds on Exhibit A and as depicted by the map on Exhibit B. Development of the District is anticipated to include 18,139 square feet of Lot Type 1, approximately 7,900 square feet of Lot Type 2, approximately 111,997 square feet of Lot Type 3, as well as approximately 70,597 square feet of Lot Type 4. SECTION III: AUTHORIZED IMPROVEMENTS The City, based on information provided by the Owner and its engineer and reviewed by the City staff in its regulatory capacity and by third -party consultants retained by the City, determined that the Authorized Improvements confer a special benefit on the Assessed Property. Major Improvements will be designed and constructed in accordance with City standards and will be owned and operated by the City once accepted unless specifically stated below. The budget for the Authorized Improvements, as well as the allocation of the Actual Costs of the Authorized Improvements, is shown on Exhibit C. A. Major Improvements ■ Drainage Peak runoff rates for the existing and proposed drainage areas were determined using HEC-HMS 4.3. The program's SCS methodology for this analysis utilized the Atlas 14 frequency estimates provided by the National Oceanic and Atmospheric Administration's National Weather Service and the 24-hour SCS type III rainfall distribution for the 2, 5, 10, 25, 50, and 100-year storm events. The existing and developed conditions were divided into two drainage basins each, one that drained towards the existing culvert west of the proposed site and one that drained towards the existing culvert to the east. The proposed site drains to a single drainage facility (Detention/Water Quality Pond) located in the southwest corner of the developed site. ■ Water The project lies within the City of Georgetown water services boundary. Water service will be provided by connecting to an existing 24-inch public water pipe along State Highway 29. Internal water utilities will be provided to the individual buildings by a proposed 4-inch PVC C-900 water main and an 8-inch PVC C-900 for the fire water line. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 7 ■ Wastewater The project lies within the City of Georgetown wastewater services boundary. Internal wastewater utilities will be provided by connecting to the 8-inch public wastewater main in the existing Cross Creek Mountain public ROW. The public 8" wastewater main is routed throughout the development within public easements and provides a public wastewater manhole near the main entrance at SH-29 for future public connections. The internal lines will be constructed in accordance with the City of Georgetown water and wastewater system design criteria and specifications. ■ Streets A deceleration/right turn lane is proposed along W. State Highway 29. This lane will allow the traffic to merge over and decelerate from the normal SH29 speed to make the right turn into the development. The primary driveway constructed within the Public ROW of W. State Highway 29 will be a commercial grade driveway as required by the City and will serve as the primary access for the development with secondary access to Cross Mountain Trail and two proposed "cross -access" points to the neighboring commercial properties. The primary access driveway will be constructed of rigid pavement (concrete) design and will meet the TxDOT requirements, will have a minimum slab thickness of 8" and will also use standard CRCP (1)-13, Continuously Reinforced Concrete Pavement, One -Layer Steel Bar Placement. ■ Landscaping Construction techniques and standards will be compliant with the City of Georgetown codes and criteria manuals. Code compliant landscaping including, but not limited to, existing tree preservation, new tree plantings, shrubs, foundation plant screening, mulch protection and grass cover throughout. A City required irrigation system is installed throughout the project to provide the watering for the required landscaping. Typical erosion and sedimentation control measures to be utilized during construction include silt fence, rock berms, stabilized construction entrances, inlet protection, and hydro -mulching. These controls are required to remove pollutants from a rainfall event during and after construction. ■ Signage Entrance signage will be in the form of 3-4'x'4x10' tall rock pillars. The pillars will contain signage for the name of the development "PRESERVE" and the address. There will also be i�`z�"a.Yt'�rf�fiW':�':z�A@i'- ... ::.' 43i2"`.'�.'"s `.. .: r\ h�riia`%Ck :'Y�Au. "'dm�a'• 5.." '311 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 8 wayfinding signage throughout the development to allow better access to the businesses within the development. ■ District Formation Expenses Costs and expenses directly associated with forming the District. B. Private Improvements ■ Internal Streets and Private Parking Areas There are numerous private drive aisle with associated parking spaces constructed for the internal buildings. There is approximately 5,400 linear feet of 26-foot wide private drive aisle with approximately 687 parking spaces. ■ Private Monument Signage There will be a monument sign placed near the entrance of the property for the purpose of displaying retail tenant signage. C. Bond Issuance Costs ■ Debt Service Reserve Fund Equals the amount required to fund a reserve under the Indenture in connection with the issuance of PID Bonds, if issued. This amount may be updated or revised at the time of issuance if PID Bonds are issued. ■ Capitalized Interest Equals the amount of capitalized interest available for payment of interest on PID Bonds, if issued, as reflected in the Indenture. This amount may be updated or revised at the time of issuance if PID Bonds are issued. ■ Underwriter's Discount Equals a percentage of the par amount of a particular series of PID Bonds, if issued, and includes a fee for underwriter's counsel. This amount may be updated or revised at the time of issuance if PID Bonds are issued. ■ Cost of Issuance Costs associated with issuing PID Bonds, if issued, including but not limited to attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs, publication costs, City costs, fees charged by the Texas Attorney General, and any other cost or PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 9 expense directly associated with the issuance of PID Bonds. This amount may be updated or revised at the time of issuance if PID Bonds are issued. D. Other Costs ■ First Year Annual Collection Costs Estimated cost of the First Year Annual Collections Costs. SECTION IV: SERVICE PLAN The PID Act requires the Service Plan to cover a period of at least five years. The Service Plan is required to define the projected costs and annual indebtedness for the Authorized Improvements undertaken within the District during the five-year period. The Service Plan is also required to include a copy of the buyer disclosure notice form required by Section 5.014 of the Texas Property Code, as amended. The Service Plan shall be updated in each Annual Service Plan Update. Exhibit D summarizes the 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. PID Bonds may be issued by the City to pay all or a portion of the Reimbursement Obligation owed under the Reimbursement Agreement. If and when PID Bonds are issued, the PID Bonds will fund costs of issuance of the PID Bonds and other costs set forth in Section III above. Assessments may be collected in an amount sufficient to pay principal, interest, and Additional Interest on the PID Bonds, costs of issuance of the PID Bonds, and to fund the debt service reserve requirement, as defined in the applicable Indenture. Exhibit E summarizes the sources and uses of funds required to construct certain Authorized Improvements and Private Improvements, as well as the amounts required to fund the required reserves and pay the estimated Bond Issuance Costs. The sources and uses of funds shown on Exhibit E shall be updated in each Annual Service Plan Update. SECTION V: ASSESSMENT PLAN The PID Act requires the City to apportion the Actual Costs of the Authorized Improvements to the Assessed Property based on the special benefit received from the Authorized Improvements. The PID Act provides that such costs may be apportioned: (1) equally per front foot or square foot; (2) according to the value of property as determined by the City, with or without regard to improvements constructed on the property; or (3) in any other manner approved by the City that results in imposing equal shares of such costs on property similarly benefited. The PID Act further PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 10 provides that the governing body may establish by ordinance or order reasonable classifications and formulas for the apportionment of the cost between the municipality 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 exceeds the amount of the Assessments levied on the Assessed Property for such Authorized Improvements. The determination by the City 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 Owner and all future owners and developers of the Assessed Property. A. Assessment Methodology The City Council, acting in its legislative capacity based on information provided by the Owner and its engineer and reviewed by the City staff in its regulatory capacity and by third -party consultants retained by the City, determined that the costs of the Authorized Improvements shall be allocated entirely to the Initial Parcel. Upon Subdivision of an Assessed Property, the Actual Costs of the Authorized Improvements shall be reallocated based on Estimated Buildout Value as further described in Section VI. B. Assessments Assessments are levied on the Assessed Property according to the Assessment Roll attached hereto as Exhibit F. The projected Annual Installments are shown on Exhibit G, subject to revisions made during the preparation of the final Service and Assessment Plan any Annual Service Plan Update. The Maximum Assessment for each Lot Type is shown on Exhibit H. In no case will the Assessment for any Lot Type exceed the Maximum Assessment. C. Findings of Special Benefit The City Council, acting in its legislative capacity based on information provided by the Owner and its engineer and reviewed by the City staff in its regulatory capacity and by third -party consultants retained by the City, has found and determined: ■ The estimated cost of the Authorized Improvements equals $5,930,359 as shown on Exhibit C; and ■ The Assessed Property receives special benefit from the Authorized Improvements equal to or greater than the Actual Costs of the Authorized Improvements; and ■ The Assessed Property was allocated 100% of the Assessments levied for the Authorized Improvements, which equals $4,347,000 as shown on Exhibit F; and PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 11 ■ The special benefit (>_ $5,930,359) received by the Assessed Property from the Authorized Improvements is greater than the amount of Assessments ($4,347,000) levied on the Assessed Property for the Authorized Improvements; and ■ When the City Council approves the Assessment Ordinance, it is anticipated that the Owner will still own 100% of the Assessed Property. In a Landowner Consent Certificate with the City, the Owner acknowledged that the Authorized Improvements confer a special benefit on the Assessed Property and consented to the imposition of the Assessments to pay for the Actual Costs associated therewith. The Owner ratified, confirmed, accepted, agreed to, and approved (1) the determinations and findings by the City Council as to the special benefits described herein and in the Assessment Ordinance, (2) this Service and Assessment Plan and the proposed Assessment Ordinance to be adopted in conformance therewith, and (3) the levying of the Assessments on the Assessed Property. D. Annual Collection Costs The Annual Collection Costs shall be paid for on a pro rata basis by each Assessed Property based on the amount of outstanding Assessment remaining on the Assessed Property. The Annual Collection Costs shall be collected as part of and in the same manner as Annual Installments in the amounts shown on the Assessment Roll, which may be revised based on actual costs incurred in Annual Service Plan Updates. E. Additional Interest Additional Interest will not be collected as part of the Reimbursement Obligation. If PID Bonds are issued, the interest rate on Assessments levied on the Assessed Property may exceed the interest rate on the PID Bonds by the Additional Interest Rate. If and when PID Bonds are issued, Additional Interest shall be collected as part of each Annual Installment and shall be deposited pursuant to the applicable Indenture. F. Interest The interest on the Assessment securing the Reimbursement Obligation shall be collected at rates established under the Reimbursement Agreement as part of the Annual Installment pursuant to the Reimbursement Agreement. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 12 SECTION VI: TERMS OF THE ASSESSMENTS A. Reallocation of Assessments 1. Upon Division Prior to Recording of Subdivision Plat Upon the division of any Assessed Property (without the recording of subdivision plat), the Administrator shall reallocate the Assessment for the Assessed Property prior to the division among the newly divided Assessed Properties according to the following formula: A=Bx(C=D) Where the terms have the following meanings: A = the Assessment for the newly divided Assessed Property B = the Assessment for the Assessed Property prior to division C = the Estimated Buildout Value of the newly divided Assessed Property D = the sum of the Estimated Buildout Value for all 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 Owners, 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 Values for Lot Type 1, Lot Type 2, Lot Type 3, and Lot Type 4 are shown on Exhibit H and will not change in future Annual Service Plan Updates but Exhibit H 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 binding. The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for the Assessed Property prior to subdivision. The calculation shall be made separately for each newly divided Assessed Property. The reallocation of an Assessment for an Assessed Property that is a homestead under Texas law may not exceed the Assessment prior to the reallocation. Any reallocation pursuant to this section shall be reflected in the next Annual Service Plan Update 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: PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 13 A = [B x (C - D)]/E Where the terms have the following meanings: A = the Assessment for the newly subdivided Lot B = the Assessment for the Parcel prior to subdivision C = the sum of the Estimated Buildout Value of all newly subdivided Lots with the same Lot Type D = the sum of the Estimated Buildout Value for all the newly subdivided Lots excluding Non-Benefitted Property E= the number of Lots with the same Lot Type Prior to the recording of a subdivision plat, the Owner shall provide the City an Estimated Buildout Value as of the date of the recorded subdivision plat for each Lot created by the recorded subdivision plat. The calculation of the Assessment for a Lot shall be performed by the Administrator and confirmed by the City based on Estimated Buildout Value information provided by the Owner, homebuilders, third party consultants, and/or the Official Public Records of the County regarding the Lot. The Estimated Buildout Values for Lot Type 1, Lot Type 2, Lot Type 3 and Lot Type 4 are shown on Exhibit H 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 next Annual Service Plan Update immediately following such reallocation and approved by the City Council. 3. Upon Consolidation If two or more Lots or Parcels are consolidated, 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 will not exceed the Maximum Assessment, shown on Exhibit H for the applicable Lot Type, and compliance may require a mandatory prepayment of Assessments pursuant to Section VI.B. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 14 B. True -up of Assessments if Maximum Assessment Exceeded 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, then (i) the Assessment applicable to each Lot Type exceeding the Maximum Assessment shall be reduced to the Maximum Assessment, and (ii) 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, prior to the City approving the final plat. The City's approval of a final subdivision plat without payment of such amounts does not eliminate the obligation of the person or entity filing the plat to pay the amounts referenced in (ii) in the immediately preceding sentence. At no time shall the aggregate Assessments for any Lot exceed the Maximum Assessment. C. Mandatory Prepayment of Assessments If Assessed Property or portion thereof is transferred to a person or entity that is exempt from payment of the Assessments, the owner transferring the Assessed Property shall pay to the City or the Administrator on behalf of the City the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection Costs, if any, for such Assessed Property, prior to such conveyance or act, and no such conveyance shall be effective until the City receives such payment. If the owner of the Assessed Property causes the Assessed Property to become Non- Benefitted Property, the owner causing the change in status shall pay the full amount of the outstanding Assessment, plus Prepayment Costs and Delinquent Collection Costs, if any, prior to the change in status, and no such change shall be effective until the City receives such payment. Following the payment of the foregoing costs in full, the City shall provide the owner with a recordable "Notice of Assessment Termination," a form of which is attached hereto as Exhibit L. D. Reduction of Assessments If as a result of cost savings or Authorized Improvements not being constructed, the Actual Costs of completed Authorized Improvements are less than the Assessments, (i) in the event PID Bonds are not 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, or (ii) in the event PID Bonds are 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, relating to the PID Bonds, that are not expected to be used for purposes of the project fund to redeem outstanding PID Bonds, in accordance with the applicable Indenture. The Assessments shall not, however, be reduced to PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 15 an amount less than the amount required to pay all outstanding desbt service requirements on all outstanding PID Bonds. If PID Bonds to refinance the Reimbursement Obligation are not issued within two years from the date the Assessments are levied, the Assessments will be reduced in an amount equal to the estimated Bond Issuance Costs related to costs of issuing PID Bonds, as shown on Exhibit C hereto and only to the extent that the Bond Issuance Costs exceed the proven costs. The City Council shall reduce the Assessments in the same way they were levied on all Assessed Properties. The Administrator shall update (and submit to the City Council for review and approval as part of the next Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments to reflect the reduced Assessments. E. Prepayment of Assessments The owner of any Assessed Property may pay, at any time, all or any part of an Assessment in accordance with the PID Act. If PID Bonds are issued, interest costs from the date of prepayment to the date of redemption of the applicable PID Bonds, may be paid from a reserve established under the applicable Indenture. If an Annual Installment has been billed prior to the Prepayment, the Annual Installment shall be due and payable and shall be credited against the Prepayment. If an Assessment is pre -paid in full, with Prepayment Costs: (1) the Administrator shall cause the Assessment to be reduced to zero and the Assessment Roll to be revised accordingly; (2) the Administrator shall cause the revised Assessment Roll to be approved by the City Council as part of the next Annual Service Plan Update; (3) the obligation to pay the Assessment and corresponding Annual Installments shall terminate with respect to said Assessed Property; and (4) the City shall provide the owner with a recordable "Notice of PID Assessment Termination," a form of which is attached as Exhibit K. If an Assessment is pre -paid in part, with Prepayment Costs: (1) the Administrator shall cause the Assessment to be reduced and the Assessment Roll revised accordingly; (2) the Administrator shall cause the revised Assessment Roll to be approved by the City Council as part of the next Annual Service Plan Update; and (3) the obligation to pay the Assessment and corresponding Annual Installments shall be reduced to the extent of the Prepayment made. G. Prepayment as a result of Eminent Domain Proceeding or Taking Subject to applicable law, if any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent domain proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to an entity with the authority to condemn all or a portion of the Assessed Property in lieu of or as a part of an eminent domain proceeding (a "Taking"), the portion of the Assessed Property that was taken or transferred (the "Taken Property") shall be reclassified as Non-Benefitted Property. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 16 For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the Assessment that was levied against the Assessed Property (when it was included in the Taken Property) prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property less the Taken Property,) (the "Remaining Property"), following the reclassification of the Taken Property as Non-Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. The owner of the Remaining Property will remain liable to pay in Annual Installments, or payable as otherwise provided by this Service and Assessment Plan, as updated, or the PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property exceeds the 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 the Maximum Assessment, in which case the Assessment applicable to the Remaining Property will be reduced by the amount of the partial Prepayment. If the City receives all or a portion of the eminent domain proceeds (or payment made in an agreed sale in lieu of condemnation), such amount shall be credited against the amount of prepayment, with any remainder credited against the assessment on the Remainder Property. In all instances the Assessment remaining on the Remaining Property shall not exceed the Maximum Assessment. By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be reclassified as Non-Benefitted Property and the remaining 90 acres of Remaining Property shall be subject to the $100 Assessment, (provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining Property would exceed the Maximum Assessment on the Remaining Property by $10, then the owner shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the Assessment on the Remaining Property shall be adjusted to be $90. Notwithstanding the previous paragraphs in this subsection (F), if the owner of the Taken Property notifies the City and the Administrator that the Taking prevents the Remaining Property from being developed for any use which could support the Estimated Buildout Value requirement, the owner shall, upon receipt of the compensation for the Taken Property, be required to prepay the amount of the Assessment required to buy down the outstanding Assessment to the Maximum Assessment on the Remaining Property to support the Estimated Buildout Value requirement. Said owner will remain liable to pay the Annual Installments on both PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 17 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 (F), the Assessments shall not, however, be reduced to an amount less than the outstanding PID Bonds, if issued. H. Payment of Assessment in Annual Installments Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G shows the projected Annual Installments for the District. In no case will the Assessment for any Lot Type exceed the Maximum Assessment. 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 Williamson Central Appraisal District for each tax parcel identification number. The Administrator shall prepare and submit to the City Council for its review and approval an Annual Service Plan Update to allow for the billing and collection of Annual Installments. Each Annual Service Plan Update shall include updated Assessment Rolls and updated calculations of Annual Installments. The Annual Collection Costs for a given Assessment shall be paid by the owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment remaining on the Parcel to the total outstanding Assessment. Annual Installments shall be 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 collecting Annual Installments, but in no case shall the City take any action, or fail to take any action, that would cause it to be in default under any Indenture. Assessments shall have the lien priority specified in the PID Act. For billing purposes only, until a plat has been recorded within the Initial Parcel, the Annual Installment will be billed to each property ID within the Initial Parcel based on the Williamson Central Appraisal District acreage. Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien for the remaining unpaid Annual Installments against the Assessed Property, and the Assessed Property may again be sold at a judicial foreclosure sale if the purchaser fails to timely pay the Annual Installments as they become due and payable. The City reserves the right to refund PID Bonds, if issued in accordance with the PID Act, if such bonds are issued. In the event of a refunding, the Administrator shall recalculate the Annual PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 18 Installments so that total Annual Installments will be sufficient to pay the refunding bonds, and the refunding bonds shall constitute "PID Bonds." Each Annual Installment of an Assessment, including interest on the unpaid principal of the Assessment, shall be updated annually. Each Annual Installment shall be due when billed and shall be delinquent if not paid prior to February 1 of the following year. The initial Annual Installments shall be due when billed and shall be delinquent if not paid prior to February 1, 2026. Failure of an owner of Assessed Property to receive an invoice for an Annual Installment on the property tax bill or otherwise shall not relieve the owner of Assessed Property of the obligation to pay the Assessment. Assessments, or Annual Installments thereof, that are delinquent shall incur Delinquent Collection Costs. SECTION VI1: ASSESSMENT ROLL The Assessment Roll is attached as Exhibit F. The Administrator shall prepare and submit to the City Council for review and approval, proposed revisions to the Assessment Roll and Annual Installments for each Parcel within the Assessed Property before levying the Assessments and thereafter as part of each Annual Service Plan Update. SECTION VIII: ADDITIONAL PROVISIONS A. Calculation Errors If the owner of an Assessed Property claims that an error has been made in any calculation required by this Service and Assessment Plan, including, but not limited to, any calculation made as part of any Annual Service Plan Update, the sole and exclusive remedy of the owner of Assessed Property shall be to submit a written notice of error to the Administrator by December 15Y of each year following City Council approval of the calculation; otherwise, the owner shall be deemed to have unconditionally approved and accepted the calculation. Upon receipt of a written notice of error from an owner the Administrator shall provide a written response to the City Council and the owner within 30 days of such referral. The City Council shall consider the owner's notice of error and the Administrator's response at a public meeting, and within 30 days after adjourning such meeting, the City Council shall make a final determination as to whether an error has been made. If the City Council determines that an error has been made, the City Council shall take such corrective action as is authorized by the PID Act, this Service and Assessment Plan, the applicable Assessment Ordinance, or the applicable Indenture, or as otherwise authorized by the discretionary power of the City Council. The determination by the City Council as to whether an error has been made, and any corrective action taken by the City Council, shall be final and binding on the owner and the Administrator. B. Amendments PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 19 Amendments to this Service and Assessment Plan must be made by the City Council in accordance with the PID Act. To the extent permitted by the PID Act, this Service and Assessment Plan may be amended without notice to owners of the Assessed Property: (1) to correct mistakes and clerical errors; (2) to clarify ambiguities; and (3) to provide procedures to collect Assessments, Annual Installments, and other charges imposed by this Service and Assessment Plan. C. Administration and Interpretation The Administrator shall: (1) perform the obligations of the Administrator as set forth in this Service and Assessment Plan; (2) administer the District for and on behalf of and at the direction of the City Council; and (3) interpret the provisions of this Service and Assessment Plan. Interpretations of this Service and Assessment Plan by the Administrator shall be in writing and shall be appealable to the City Council by owners of Assessed Property adversely affected by the interpretation. Appeals shall be decided by the City Council after providing an opportunity for all interested parties to be heard at a public meeting of the City Council. Decisions by the City Council shall be final and binding on the owners and developers and their successors and assigns. D. Form of Buyer Disclosure Per Section 5.014 of the Texas Property Code, as amended, this Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form of the buyer disclosures for the District. The buyer disclosures are attached hereto in 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 and Assessment Plan or any future Annual Service Plan Updates shall be filed and recorded in their entirety. E. Severability If any provision of this 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. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 20 LIST OF EXHIBITS The following Exhibits are attached to and made a part of this Service and Assessment Plan for all purposes: Exhibit A District Legal Description Exhibit B District Boundary Map Exhibit C Project Costs Exhibit D Service Plan — Five Year Plan Exhibit E Service Plan — Sources and Uses Exhibit F Assessment Roll Exhibit G Annual Installments Exhibit H Maximum Assessment per Lot Type Exhibit 1-1 Map of Authorized Improvements Exhibit 1-2 Map of Private Improvements Exhibit J Lot Type Classification Map Exhibit K Condo Preliminary Plat Exhibit L Notice of PID Assessment Termination Exhibit M Buyer Disclosures PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 21 APPENDICES 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 Disclosures PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 22 EXHIBIT A - DISTRICT LEGAL DESCRIPTION LEGAL DESCRIPTION A 19.77 ACRE TRACT OF LAND BEING OUT OF THE 20.26 ACRES CONVEYED TO 3701 SH29, LLC IN A WARRANTY DEED, RECORDED IN DOCUMENT NO. 2019030375 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS AND BEING, ALL OF 19.77 ACRES, LOT 1, BLOCK 1, RECORDED AS THE PRESERVE AT WATER OAK, OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY TEXAS DOCUMENT NO. 2022098031. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 23 EXHIBIT B — DISTRICT BOUNDARY MAP �S E DEDICATEC ROW FOR MM'2Q & DECELERATION LANE STATE HIGHWAY 29 R1~�, I — R4 r r l F1` r--, F2 1 .102 l F5 L_. s_ ' 41 F8 i �I O3 I I F7 • ; Oar RF1. NF u •rn 1950 8.95t � ' . ._ - �., �.—_. ., Iluuuu >nI lAAD [ m' . IkI.Jfl.m�n..t •aoo -� a "x —DEDICATED Row fk. Off- � SO• c ? FOR CROSS F -Oftz 1.ro I 7'rA 7 MOUNTAIN TRAIL Fk.OflYx 9Z5/l 1 42s� } FAIR OAKS DR. v M Fl.. Off— 3,M 111 N Fk.08u L5.l SO DI Omar A9S0 Ir40S �y (D J� z 4 l/ U) 02 ON a i.950 3 aY - ►v r 2r 85r Ir{pC oflalf a a Saqmw bi blfar_ saso I :,YZ I750� 06 ill/+. : n 13D7C 2P CONSULTANTS, LLC THE PRESERVE AT 203 E. MAIN STREET, SUITE 201 ROUND ROCK, TEXAS 79W WATER OAK 512-344-9664 TBPF FIRM #F-19351 PUBLIC IMPRO%,WENT DISTRICT December 12, 2024 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND A55ESSMENT PLAN EXHIBIT C - PROJECT COSTS Major Improvements Drainage [b] $ 1,226,553 $ $ 1,226,553 Water [b] 1,481,352 1,481,352 Wastewater [b] 694,925 694,925 Cross Mountain Trail Access [b] 164,453 164,453 Streets [b] 267,509 267,509 Landscaping [b] [c] 818,499 818,499 Signage [b] [c] 179,417 179,417 District Formation [c] 300,000 300,000 $ 5,132,709 $ - $ 5,132,709 Private Improvements Internal Streets and Private Parking Areas $ - $ 2,250,000 $ 2,250,000 Private Monument Signage 50,000 50,000 $ - $ 2,300,000 $ 2,300,000 Bond Issuance Costs [d] Debt Service Reserve Fund $ 357,060 $ - $ 357,060 Capitalized Interest - - Underwriter's Discount 133,530 133,530 Cost of Issuance 267,060 267,060 $ 757,650 $ $ 757,650 Other Costs First Year Annual Collection Costs $ 40,000 $ $ 40,000 $ 40,000 $ - $ 40,000 Total $ 5,930,359 $ 2,300,000 $ 8,230,359 Footnotes: [a] Costs were determined per the Engineer's Opinion of Probable Cost prepared by 2P Consultants, LLC. [b] Costs are inclusive of Soft Costs, Contingency Costs, and Project Management Fees. [c] Prior to the issuance of PID Bonds, if issued, such costs will be reviewed and updated. The Owner Contribution as set forth in Exhibit E herein may be allocated to such costs in accordance with the Reimbursement Agreement and as determined by the City. [d] The amounts shown for Bond Issuance Costs are estimates and are subject to change if PID Bonds are issued. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 25 EXHIBIT D - SERVICE PLAN - FIVE YEAR PLAN LZMAggggam Principal p $ 88,000.00 $ 92,000.00 $ 97,000.00 $ 102,000.00 $ 107,000.00 Interest 260,820.00 255,540.00 250,020.00 244,200.00 238,080.00 (1) $ 348,820.00 $ 347,540.00 $ 347,020.00 $ 346,200.00 $ 345,080.00 Annual Collection Costs (2) $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29 $ 44,163.23 Additional Interest [a] (3) $ - $ - $ _ $ $ Total Annual Installment (4)=(1)+(2)+(3) $ 389,620.00 $ 389,156.00 $ 389,468.32 $ 389,497.29 $ 389,243.23 [a] If PID Bonds are issued, Additional Interest will be charged and collected. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 26 EXHIBIT E - SERVICE PLAN - SOURCES AND USES Total Reimbursement Obligation [a] [b] $ 4,347,000 $ - $ 4,347,000 Owner Funded Private Improvements [c] - 2,300,000 2,300,000 Owner Contribution [c] 1,583,359 - 1,583,359 Total Sources $ Uses Funds 5,930,359 $ 2,300,000 $ 8,230,359 Major Improvements of $ 5,132,709 $ - $ 5,132,709 Private Improvements - 2,300,000 2,300,000 $ 5,132,709 $ 2,300,000 $ 7,432,709 Bond Issuance Costs [d] [e] Debt Service Reserve Fund $ 357,060 $ - $ 357,060 Capitalized Interest - - - Underwriter's Discount 133,530 - 133,530 Cost of Issuance 267,060 - 267,060 $ 757,650 $ - $ 757,650 Other Costs [d] [e] First Year Annual Collection Costs $ 40,000 $ $ 40,000 $ 40,000 $ - $ 40,000 Total Uses $ 5,930,359 $ 2,300,000 $ 8,230,359 Footnotes: [a] Reimbursable to Owner pursuant to Reimbursement Agreement. [b] At the time that PID Bonds are issued, the Bonds will be sized so that the Tax Rate Equivalent will not exceed $0.55. [c] Represents Actual Costs expended or to be expended by the Owner to construct the Public Improvements in excess of the Assessment. Not subject to reimbursement to Owner. Prior to the issuance of PID Bonds, if issued, the Owner Contribution may be allocated to certain public improvement costs in accordance with the Reimbursement Agreement and as determined by the City. [d] Estimates only. Bond Issuance Costs and Other Costs associated with PID Bonds issued to refinance all or a portion of the Reimbursement Obligation are to be determined and incurred at the time such PID Bonds are issued. [e] If Bonds to refinance the Reimbursement Obligation are not issued, the Developer may use the amount equal to the Bond Issuance Costs to pay for qualified Authorized Improvements provided the costs are proven by the Developer within two years from the date the Assessments are levied. If costs aren't proven within two years of the date the Assessments are levied, the Assessments will be reduced in an amount equal to the estimated Bond Issuance Costs related to costs of issuing the Bonds, as shown in this table, only to the extent that the Bond Issuance Costs exceed the proven costs. The City Council shall reduce the Assessments in the same way they were levied on all Assessed Properties. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 27 EXHIBIT F - ASSESSMENT ROLL 7ak PIC R634491 Initial Parcel $ 4,347,000.00 $ 389,620.00 TBD 1 18 Unit 18 9,162 $ 252,822.58 $ 22,660.39 TBD 2 1 Unit 1 4,000 $ 139,813.11 $ 12,531.40 TBD 2 2 Unit 2 3,900 $ 136,317.78 $ 12,218.11 TBD 1 17 Unit 17 8,977 $ 247,717.56 $ 22,202.83 TBD 3 16 Unit 16101 1,463 $ 28,259.73 $ 2,532.91 TBD 3 16 Unit 16102 1,431 $ 27,641.60 $ 2,477.51 TBD 3 16 Unit 16103 2,014 $ 38,903.00 $ 3,486.86 TBD 3 16 Unit 16104 1,986 $ 38,362.14 $ 3,438.38 TBD 3 16 Unit 16105 1,430 $ 27,62219 $ 2,475.78 TBD 3 16 Unit 16106 1,461 $ 28,221.09 $ 2,529.45 TBD 3 16 Unit 16201 847 $ 16,360.89 $ 1,466.42 TBD 3 16 Unit 16202 900 $ 17,384.66 $ 1,558.18 TBD 3 16 Unit 16203 617 $ 11,918.15 $ 1,068.22 TBD 3 16 Unit 16204 647 $ 12,497.64 $ 1,120.16 TBD 3 16 Unit 16205 1,209 $ 23,353.39 $ 2,093.16 TBD 3 16 Unit 16206 1,209 $ 23,353.39 $ 2,093.16 TBD 3 16 Unit 16207 1,319 $ 25,478.18 $ 2,283.60 TBD 3 16 Unit 16208 1,045 $ 20,185.52 $ 1,809.22 TBD 3 16 Unit 16209 869 $ 16,785.85 $ 1,504.51 TBD 4 4 Unit 4101 2,507 $ 49,963.26 $ 4,478.19 TBD 4 4 Unit 4102 2,032 $ 40,496.75 $ 3,629.71 TBD 4 4 Unit 4103 2,469 $ 49,205.94 $ 4,410.31 TBD 4 5 Unit 5101 2,600 $ 51,816.70 $ 4,644.31 TBD 4 5 Unit 5102 1,388 $ 27,662.15 $ 2,479.35 TBD 4 5 Unit 5103 1,394 $ 27,781.72 $ 2,490.07 TBD 4 5 Unit 5104 1,289 $ 25,689.13 $ 2,302.51 TBD 4 5 Unit 5105 1,318 $ 26,267.08 $ 2,354.31 TBD Remainder Parcel N/A N/A 149,150 $ 2,915,118.73 $ 261,281.01 Total Initial Parcel 208,633 $ 4,347,000.00 $ 389,620.00 [a] For billing purposes only, until a plat has been recorded within the Initial Parcel, the Annual Installment will be billed to each Tax Parcel within the Initial Parcel based on the acreage of the Tax Parcel as calculated by the Williamson Central Appraisal District. [b] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [c] For a version of the Assessment Roll broken out on a per lot basis by legal description per the Preliminary Condo Regime submitted by the Developer, see below. Note, Property ID numbers will be added when assigned by Williamson County. [d] The Initial Parcel is intended to be a Condo Regime. The Developer must record the Condo Regime with the Williamson County Appraisal District prior to the issuance of PID Bands. [e] The Developer has an obligation to build the square footage above for each Unit. Should the square footage change, a mandatory prepayment may be required. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 28 EXHIBIT G - ANNUAL INSTALLMENTS 2026 $ 88,000.00 $ 260,820.00 $ - $ 40,800.00 $ 389,620.00 2027 92,000.00 255,540.00 - 41,616.00 389,156.00 2028 97,000.00 250,020.00 - 42,448.32 389,468.32 2029 102,000.00 244,200.00 - 43,297.29 389,497.29 2030 107,000.00 238,080.00 - 44,163.23 389,243.23 2031 113,000.00 231,660.00 - 45,046.50 389,706.50 2032 119,000.00 224,880.00 - 45,947.43 389,827.43 2033 125,000.00 217,740.00 - 46,866.38 389,606.38 2034 131,000.00 210,240.00 - 47,803.70 389,043.70 2035 138,000.00 202,380.00 - 48,759.78 389,139.78 2036 146,000.00 194,100.00 - 49,734.97 389,834.97 2037 153,000.00 185,340.00 - 50,729.67 389,069.67 2038 161,000.00 176,160.00 - 51,744.27 388,904.27 2039 170,000.00 166,500.00 - 52,779.15 389,279.15 2040 179,000.00 156,300.00 - 53,834.73 389,134.73 2041 189,000.00 145,560.00 - 54,911.43 389,471.43 2042 199,000.00 134,220.00 - 56,009.66 389,229.66 2043 210,000.00 122,280.00 - 57,129.85 389,409.85 2044 221,000.00 109,680.00 - 58,272.45 388,952.45 2045 233,000.00 96,420.00 - 59,437.90 388,857.90 2046 246,000.00 82,440.00 - 60,626.65 389,066.65 2047 260,000.00 67,680.00 - 61,839.19 389,519.19 2048 274,000.00 52,080.00 - 63,075.97 389,155.97 2049 289,000.00 35,640.00 - 64,337.49 388,977.49 2050 305,000.00 18,300.00 - 65,624.24 388,924.24 Total $ 4,347,000.00 $ 4,078,260.00 $ - $ 1,306,836.23 $ 9,732,096.23 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 29 EXHIBIT H - MAXIMUM ASSESSMENT PER LOT TYPE 1 18,139 $27.59 per SF $ 500,540.14 $ 0.55 2 7,900 $34.95 per SF $ 276,130.90 $ 0.55 3 111,997 $19.32 per SF $ 2,163,366.00 $ 0.55 4 70,597 $19.93 per SF $ 1,406,962.96 $ 0.55 Total $ 4,347,000.00 [a] Square footage and buildout value will not change in future updates to the Service and Assessment Plan, and if square footage requirements are not met, a mandatory prepayment may be required pursuant to Section VI.B of the Service and Assessment Plan. [b] Prior to Bond Pricing, the Condominium Regime must be filed and recorded with Williamson County. PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 30 EXHIBIT 1-1- MAP OF AUTHORIZED IMPROVEMENTS STATE HIGHWq 2y g f C" l R4. i tt .,1 N R' NA/ F: 100 -00 ORIGINAL SCALE 1 " = 200' F2 J-7 I -mot ;j FS ° '1 r -mu 111 l ! 05 FAIR OAKS DR. 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 5I2-344-9664 TBPF FIRM #F-19351 THE PRESERVE AT WATER OAK OVERALL STORIA SE'AER PLAN Novembe 1.2024 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 31 w 1.- E S 1 X. 20C r Q OR1,31NAL SCALE V = 200' R3_ y�. F3 1 : _.. 011, PC F8 II 03 �� F7 I , 04 1 05 _ 06 Z. 5� 2PCONSULTANTS, LLC. THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 79664 WATER OAK 512-344-9664 OVERALL WASTEWATER SHEET TBPE FIRM #F-1935I June 15, 2023 c8 Ll PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 32 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512-344-9664 TBPF FCRM #F-19351 ORIGINAL SCALE 1" = ?OCR' THE PRESERVE AT WATER (_)AK ERALL WATER SHEET June 15, 2023 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN DECELERATION W LANE STATE HIGHWAY 29 -A ORIGINAL SCk E 1 200' �� U F3 X4. �� E. lj I t r Fl R4,, r F2 F �3 r L—j 202 F5 F6 03 F7 ' 104', POND 44 05 7T FAIR OAKS DR. 0 CROSS MOUNTAIN TR. EXTENSION 2P CONSU Ll"A N'rS, I.LC THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 WATER OAK 512.344-W4 TBPF FIRM #F-19351 PUBLIC ROW IMPROVEMENTS November 1. 2024 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 1 Z. pFig nef -ll l li 16 i VATCti NF 41 THE PRESERVE AT WATER OAKS ALL? (�h Eat t V ` 14Wy, 29. C,---wgroc T.. FC,. dui r YrMr:♦ 4" M - PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 35 I HE PRESERVE AT WATER OAKS UfLOVkIIN M6NG OLF W- a +w - .,� I : "W" 29, liCpngNOm:, Tma k lcndSC«Y3 Plmf PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 36 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 37 THE PRESERVE AT W..TER 1,,Al a � C��egCiC•w.;x� r Icndscoce pt� PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 38 1�{ tj ';I�g } THE PRESERVE AT WATER OAcS neEIONpOk JEiKiFI GAF "+C .� - z � Hvry. 7�. Gro:ge'1cw ; ie�s •mac n ..: ro - d PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 39 T 1 f r THE PRESERVE AT WATER OAKS MElpIN�ONMroNC-Kty.tC •'—��, — -- -.i Hwy 29. G-o ro ge iCv ,.. T^., z L Iondsowe pK)r - PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 40 . skis ..a"^.f ..w.iw.•.•n•.... ►' ::fit"..'.. .�...�........,,. .. ii��plKlYfPI. !!p y^_ o. �auc a..u[M.•.�.r Mnnv'mIS147i �.s+sY1w fe.Rx•8�N71T_.. s�— 1_2G.�Ltffit�i9X.*1^ 4 -T: +.-1j1L .� It _ rllYVa vans s�,t�x¢tcR v�rc4w �� 1 - 1 aau... t 1"- "'.mow'"' • cao,a! V W •.w. �Y Mr. 14 a IIIIIIIIt I ' all I 11ue! 111111 WHIM �rrL.�e�1�I1F.Y�11, M�lY�Yt11YAt1�AU I�r� .. p: .:ca .. �,. t � � WA IimF ��n csA., k £ .-Fppo 2" aik =c.:. ps"..xdcd k**,iigq55+ctcs Ik ]Yi Y�ailii C9 iAYEi:i,�ii11Fi'�FF 1 I .....-..... ..—,.....�»--,_,_... ...... .. _ E:F �pcaq sy' r; e• k rce Gsra3: e: g �yct ccd r}t, ,.., .i+ eri E{ tyc Cit facie c z atatse c vcrce aF ,�u gRti@IW iir. tii; YnYYE(q EYtlw z cp i :i SIFF e { ! !i liar�r YFC ti ps'st R-;asasr c'raa'';rc d: c: :xa ka . p t 1 _ ` .Fee[sr►i4teF�a r±e FIMi 1 pf iF f Ft$ill � .. 5�?Ei 1 iF �1 lit,F i F- ! .r• III—�i} i 'HE ORESERVE AT WATER A AIELOFJQCw-ESIG++GZaF. NC. Hw,v. 29: c-corgotow-,-rews wtsnvM•�E n.cn�rti,wt:.,csw "' i�j _ _ kr existing tree Survey «.v PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 42 EXHIBIT 1-2 — MAP OF PRIVATE IMPROVEMENTS STATE HIGHWAY 29 � ca R1 a F3 - Qp—1 o I:: _QO ORIGINAL SCALE 1" = 200' — PRIVATE DRIVE AISLES AND PARKING 0 F= F� l - _,, F 5 Fz I 03 ; 7 04, \ • 01 t� lyp b'A�.mL 111+�� Ia1.Y Al Mu Oau•Yrl WSO ! 89i0 � o tr.t.....1 atoll _ i a saw _l u Ital.Jn.sl,,.•.•� svx s esuc 11 !W ONb 1910 1 : YYC 1) IW OI/b 19f0 3 I9sC M ib Off - Fs fu.OROt 8.000 1 t11UC q Iln 011b_ ]!Aw at - !M ) _ Oi 011a� 19i0 ) th N Oe >5M • PRIVATE DRIVE AISLE AND PARKING FAIR OAKS DR. 2p2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512.344-9664 TBPE FIRM #F-19351 THE PRESERVE AT WATER OAK PRIVATE IMPROVEMENTS March 10, 2025 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT J - LOT TYPE CLASSIFICATION MAP I c co c1ca/ rya' 1 C Area ��lr op of �1_ f' cl POTENTIAL OUTDOOR SEATING AREA, GATHERING SPACE OR PICNIC AREA The Preserve at Water Oak ` 203 E. MALN STREET. SUITE 204 O-M. Development ROUND ROCK, TEXAS 79664 June 18,2020 512-344-9664 C`2 TBPE FMI =F-19351 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 44 EXHIBIT K - CONDO FINAL PLAT THE PRESERVE AT WATER OAK CONDO PLAT LOCATION JfAP SHEET INDEX Sty 1-2: COVER SHEETS SHEET 3: SITE PLAN SHEET 4-7: SITE DETAIL SHEET 8-25: BUILDING DETAILS SURVEYOR'S CERTIFICATION THE L=T =TT= HE HELET::, CJt�TAIN THE 1'.E '=T I-E E 11 �•2 052 AND 62 01'� F THE TE = - •-=t.1 C, DASHNER -E I TER. EC PHoFE°:':Ic NAL LAND SURVEYOR' TE. ' , E .I T -TI-" ', T; 5901 -'.H - LTl'.. _ THE PRESERVE AT WATER OAK Manhard3701 HWY 29 W. GEORGETOV�N, TX. 78626 COVER PAGE-1 CON S U LT I N G AV ,HE:7 f 120 B CaD�f a� Ot le �a: Nwy. Brag '. Ste 2fC. A.:tln Tx 7B'a6 Da '3' 3'7 as" �-.a0aara cOm Civ'� En0'n!!r: Su•v Y. 'hater Rl:Durc! En9'ree r: Water a 1A'aite 'h aler EnD�nee r: CDn;t•vcI C" Nanaaer: E:vi —erla Sc—, L.10—D! Arcal:—t: P�ar:lr; '-.: BDare of Pr!•e:: an 1 Ell-- S Lana Sur.el— Reg No =-'J 13a�5a t6urv4 _ �C•S? �EnD� auntyT Tl n�R. 04/11/2E •/�) �F 2 b17.25B001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN TIE PRESERVE AT WATER OAK CONDO PLAT LEGAL DESCRIPTION L-T LL- _I F1'.-L L-T -F THE E E :E -T ;t-TE' :-1. c J:l,l_'. -F E P. MENT NO. 2G220980.51, F THE FF1 1=L 'JBUC RECORDS OF MLLIAMSON C T TEXAS. BASIS OF BEARINGS COORDINATES AN[- -E--1'. -: ARE RASE! THE TE - P.aTE TE'-' E.T�AL :' '.E. '._ .. E- H 'T '' TILL"I'. THE LLTE'- '- E'.T -L 71 ',ET I-T, -L-EFE-E'. E 'ET.-. -1 LEGEND = E Ti LI E _ E- EE,T LI'.E - - _ -'I'll, - E-Ti U' .E = F . -1 H I -_ ET -I H I : ITH - H= LTI - AL L-TE I T F - = Fl-E -I E L E = LI'ITE ELE E T E= E E -L BE E T - T-1 I E GENERAL NOTE + ALL It.!:';,, VEMENTS AND LAND REFLECTED ON THE PLAT ARE DE'.1..',ATE I AS GENERAL COMMON ELEMENTS. SAVE A .0 EXCEPT PORTIONS OF THE REGIME DESIGNATED AS LIMITED COr,!r,!ON ELEMENTS OR UNITS: (I) IN THE :)ECLARA'i10N OF CONDOMINIUM REGIME FOR THE PRESERVE AS 'RATER --AK CONDOMINIUMS (THE "DECLARATIO'dI` (II; ON THE PLATS AND PLANS OF THE REGIME 2 OWNERSHIP AND JSE OF CONDOMINIUM JNITS IS SJB.)ECT TC THE RIGHTS AND RESTRICTIONS CONTAINED IN THE DECLARATION. THE UNITS, LIMITED COMMON ELEMENTS ANC GENERAL COMMON ELEMENTS ARE SUB.:ECT TO ALL SPECIAL DECLARANT RIGHTS AS SET FORTH IN SECTION 82 DC3(A)(22,` OF THE TEXAS PROPERTY CODE AND CERTAIN ADDITIONAL RIGHTS ANC RESERVATIONS IN FAVUR OF THE DECLARANT AS SET FORTH IN THE DECLARATION. L COORDINATES AND BEARINGS ARE BASED LPON THE TEXAS CC-=-V,ATE SYSTEM, CENTRAL ZONE, NAD 83(2C' E _H 2O10 DATJM, LTIUZING THE ALTERRA CENTRAL aT1'+ET VI-T -L -DEFERENCE NETWoRK THE �NFIGURATION •E-' E',ENTED IN THE DRAWINGS V. - E . THE Ti, .:TION ,E'.TS ANC PP. ! E.; ELE T '.I- FILE` -I,- A. E '--j BASED JPON ACTJAL ,_".- ITE E- T1 c ':•E E'.'E'.T- _ THE PRESERVE AT WATER OAK 3701 HWY 29 W. GEORGETOV�N. TX 78626 hi Manhard. "- COVER PAGE-2 CONSULTING— = A1: ;FEET 1 +�7 5 cap"a or Teuvas NWy, B ap Ste 21a. .Austin rx 7076E Ch 73. 3'? 0500 marhara com cecnm r TZ A Q� i� ,v- Enwneers I surreys rs I 'hater ae:cure Erp;reers I water a Waste 'hater Engineers _ 06/11 /2° L L eonstTucb oa un"30"a I Erviror meeta� Scier,V:ts Lanascaae architects I Piarnera °' Terns Boars >r Protess�onai Erpireera a Lana Surveyors aaa. No.=-40196TS6 ISUM , = Z2053 iEny) c.s 817258�U1 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLANE Ll',E T4FLE LhE LE,, JH L L L 'E .4 2 L F, t E 44 L- 'j%z' E 0 100 200 SCALE: 1"=200' — — — — — — — — — — — — — — — -------I - - - - - - - - - - - - - - - - - - - - - S.R 29 Ll L2 L3 21 LL 2 F E T- iE T LL LOT 1, BLoCK"'l THE PRESERVE AT WATER OAK 46 DOC. NO. 2 7r- 7A 07 0 -� 0 41 1 ,LIN co "3 Aa- 0 7 15 0 7 022098031 T— — — — — — — 3'1 a 10 Li Z La �p -1-1 (P % C) ye----------- --------- FAIR OAKS DRIVE a THE PRESERVE AT WATER OAK 3701 HWY 29 W. GEORGETOWN, TX 78626 WrHanhard- SITE PLAN "' 0 N S U L T I N C z10 — m AD 5"EEr Z' --e-DS HWl. B do 1. Ste 210. A..tln TX 79-46 pa 73T 377 USOO —1,.ri TZ Su-eyols 'hater tr Retcurce Ero,reer- : YV . ter It A:3,Zte 'hater E"oleer- OF 12 E—,—erl. Sc'I ':: La'--ve �,cr,tect. , P, e D4/11/25 3 -e.3- Boars D11 E'21eel. & Land gt6 S,r, Erg, 617 25RCIOI PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 47 L V L R L L 4 7HE �0 E L 7 L 4 L 7 STATE HIGHWAY 29 1 L E FI E I E JNT 1E c' 1 9. 122.Y2 FT L E F1 E LE- JN111i } E -z O Qo E 0 40 80 160 SCALE: 1"=80' L Ir _ THE PRESERVE AT WATER OAK ManhardSITE 3701 HWY 29 W. GEORGETOWN, TX 78626 S DETAIL 1 CO N S U LT I N C 1n73' 3" pSGC ^Jrn ]r] cem. - ;neer. Su•aey>•: 'b ]le, ge..cure Erp veer: ?!]ter S A']ae 'h ]ter Enp neer: - -a act c :•]n]per. - v rcr merle Snen L]na:c ]ae ♦rcn�tell: E,]rner: erc12 •e-.-3, Erp neer: L]n> 5 .tiler: Re ::C=: cawtirw b+ T2 amc. 04/i1/25 ]u.t 1"_BO• OF 61%258001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 48 STATE HIGHWAY 29 u E JUT e.coo M FT WED NOT BE EJI_T E U147 z 3.-'M SO FT N--- . NOT BE BU-T • 0 40 80 160 SCALE: 1"=80' LLL -- e 1 E - - �j L E' </ FI E I E JNR4 E 7,03E M FT UNIT E ` > >.1-50 SQ FT nN;E�M�NDT L E _ NEED ICT R E I E' ' E 5E BLaT U 6T' FT NEFD NOT 5_ 5JILT E i BE BJILT JNR_ t_ 5.000 m Ff N-'_'D NJT 5E 5JILT JNR 1� I Nam. NOT BE BL'4T _ THE PRESERVE AT WATER OAK 3701 HWY 29 W. GEORGETOWN, TX 78626 Manhard- SITE DETAIL -2 CONSULTING AD rKEET r 1:3 5 Gaaaa or Ter.: Mw7. 8 go •. Ste Tt C. Au:'n-%'e-sE en 73- 3" C50C-.rr.r. toll Ctxa..- TZ =ng netr: Su•', ey.•: 'Hater Recur:t Erg leer: W.fe• S A'.:te 'hater Engineer: OF -a•�n o•+ N.n.ger: Evv��r ert. Sner; L IC:- De ♦rcr eect: P .rper °'Ti 01/il/25 '12 era: eo.rc or Prole.: on.� Erg �e - a L.no SV,,or-. Feg No =-•7t?i-5i �S�r - C:_ �Eng� ,.1 1'=80• 617258001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 49 1 7 s 7 L 7- L 7 d 7 SCALE: 1"=80' IUvu *,E E. M FT:N=0OT N BEBI_TU LOT 1, BLOCK 1 THE PRESERVE AT WATER OAK DOG. NO. 2022098031 E E .MT 13 I r t 6.95E M FT i N— NOT BE SUIT 1 _ E 1 N88-34'42"W 699.49' I d 4 d -T d 4 L U d 4 d 4 d 7- d. EO L d 7 lTE TPA LE TO THE PRESERVE AT WATER OAK anhard 3701 HWY 29 W. GEORG TX 78626 ,ti SITE DETAILL -3 3 " O N S U L T INC .ao — ^D SHEET :r Teea: Mw/. 8 ap '. Ste :10, AYailn TX ?V46 oft 73' 3-7 U6OU-arnara com oea'...en TL C OF L 5.1—yl, I 'hater Re1-1- Erp-neer: I water S A'a:te 'hater Enpineer: V �•an aper: - — —er;a rt La,a:<aee Arcr tect: c ar,er: c"te D4/11/25 a Er ,eer: s —x ..-rcr: F p .,,; _ _ 1'_BO• 617258001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 50 F]o IL 7 E L T' L F L 7 L L 7 L E 7o L L Ir ul C, 160 E SCALE: 1"=80' Lr) E 0 JNfT a 5.15C SG FT NEED 40T BE 5JLT L 7 ulor is 11.500 M FT NEED NOT BE BUILT tD JNIT I I e,%o M FT NEED NOT E BE 5JIL7 E E E LNrT Z 6.5D3 SO FT NEED NOT B BE BUILT E BUILT L 7 _I L 7 E L U 9.49' L T ❑ L 7 cmu L 7 L8 L THE PRESERVE AT WATER OAK Manhard- 3701 HWY 29 W, GEORGETOWN. TX 7W26 SITE DETAIL A C 0 N S U L T I N C AD SHEET "C AL - -9 S Ch 73- 3-- CSOC -3r,3,j a da Ste IF: Va:te hater Engineer: ter r-c—, e." -'-le :,, . s, ,t -!�" L2'c.: 3 at, lllt�, Van alter: "cl: 1 11c E- pr "t, TZ 04 i/-n 1,=80, OF 7 12 617 258001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN -—| -------1 UNIT 4102 F.R.R. n 10 zo S[ALE:I^=20' | | | | / / / 0N0' 4801 / rr / | | | | | | | THE PRESERVE AT WATER OAK WrHanhard- BUILDING 4 PRESERVE mWATER OAK noPRELIMINARY SERVICE AND ASSESSMENT PLAN EBUILDING # 5 fi THE PRESERVE AT WATER OAK W. GEORGE-TOWN, TX 78626 ard- 3701 HWY 29 WBUILDING 5 C 0 N S U L T I N C Al: SHEET I'a, Sc ert:!: L3nC :3ze Arc MItect- I Piarner04/11/25 9 OF .1 Tell 10. AuSt m, TX 78?46 on 73T 3T' USOC rarP3rs com - 12 s !z Hw! . i 'hQ.terSR'-e ur c, Erg'.eery 1 water a &-te histe, Engineer: ell: I fln-T�rr,:' E% 11"'t I etc..:�S— Ent PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN BUILDING #>6 UNIT 16106 FT UNIT 16105 ( .2F, FT; UNIT 18104 FT UNIT 16103 ti• FT UNIT 18102 •,-rb ;.0 FT UNIT 16101 FT: I 0 10 20 40 SCALE: 1"=20' STAIRWELL _ THE PRESERVE AT WATER OAK Manhard- 3701 HWY 29 W, GEORGETOWN, TX 78626 BUILDING 16 C 0 N S U L T I N C AD SHEET B ap !. Ste 2t0. Austin. TX -a TIE pa 731 s'- CS00-arn,r: ram Cir Enp ne!r:+. 5u•ve Yar: 'Hater Re:curce Erp leers i Water a W,:te 'Nat er Engineer! Can:'r , an t•,;.,er: Enrirer n+e rta S—ri L,'a:ca De Architect: Piarner: -ec,: Boars N Prc/ an,i Erp veer- a Lan] Sure/or: Rep No=-']+a_-5._ ,Su— c Z2053 �Ena. oaww.ra ar TL c+rt U4/tl/25 au.t t"=20 O OF A L 617259001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 54 I BUILDING #>7 I I I I I It I I I I I LHT 17 "•.9 FT': 0 10 2G _ -1 CALE! 1"=2 FA.R. . FT WrHanhard THE PRESERVE AT WATER OAK 3701 HWY 29 W, GEORGETOWN. TX 78626 BUILDING 17 CONSULTING aoa .w AD ;„EU I� F 71to c•'e ra: MW). 6 og - Ste 3IC .�YSLn 7% 7ST45 Cn 73- 3'7 C50C r,arn3rl Com oar wNts. TZ OF 2 neer: =u•.el a•: 'hater Re:s erg reer:: water i &-te 'hater Engineer: c+rs 01/11 /25 ':t•�ct c� .'an alter: Envrormerta Sc,erl : Lang:<aae arc ni:ict: Riarner: >: 6oarc >t Prt•s:: >na Erg —sr: i tan] Sw.e/Cr: Reg Nc =-'313i'S4 Eng. ar.�:t 1-20' ei%25800� PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 55 E UILDING 18� I I I I _ I I , I , I , I I I - I 2- I , I II --- I --- I I I I I I I I 11 I I II I I I , I CALE: 1"=20 F.R.R. F- _ THE PRESERVE AT WATER OAK 3701 HWY 29 W, GEORGETOWN, TX 78626 Hanhard- BUILDING 18 ON S U LT INC ;� EET -- _ -- - - �[ N»y. B ap Ste .tp. A. nn TX'8-46 cn 73° 3" 050a r-arnarl cem enn»w Fn 1Z F12 OF -_ _ _.,•.tl�•: �•ater Fe:c �rct Erq rter: :Pater S �\a:te Haler Enp�n t[r_ utt 04/11/25 L r.��•: - .rfa $C'tri lantCC].^t �t[nl:[Ct. Plar�trC _---- _ _ _r� ;-3 -.e!: � �.ana sw.ercr. fate t+c=-•31�a-=a �S:m�=•:.20E3 :Enq � 1'=20• 677258001 PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT L — NOTICE OF PID ASSESSMENT TERMINATION P3Works, LLC 9824 Huntington Square, Suite 100 North Richland Hills, TX 76182 [Date] Williamson County Clerk's Office Honorable [County Clerk Name] Williamson County Justice Center County Clerk 405 Martin Luther King, Jr. St. Georgetown, TX 78626 Re: City of Georgetown Lien Release documents for filing Dear Ms./Mr. [County Clerk Name], Enclosed is a lien release that the City of Georgetown is requesting to be filed in your office. Lien release for [insert legal description]. Recording Numbers: [Plat]. Please forward copies of the filed documents below: City of Georgetown Attn: [City Secretary] 808 Martin Luther King, Jr. St. Georgetown, TX 78626 Please contact P3Works, LLC if you have any questions or need additional information. P: (817) 393-0353 admin@p3-works.com PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 57 AFTER RECORDING RETURN TO: [City Secretary Name] 808 Martin Luther King, Jr. St. Georgetown, TX 78626 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN STATE OF TEXAS § COUNTY OF WILLIAMSON § KNOW ALL MEN BY THESE PRESENTS: THIS FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN (this "Full Release") is executed and delivered as of the Effective Date by the City of Georgetown, Texas. RECITALS WHEREAS, the governing body (hereinafter referred to as the "City Council") of the City of Georgetown, Texas (hereinafter referred to as the "City "), 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 and extraterritorial jurisdiction of the City; and WHEREAS, on or about, December 10, 2024, the City Council for the City, approved Resolution No. 121024-6.13 creating The Preserve at Water Oak Public Improvement District; and WHEREAS, The Preserve at Water Oak Public Improvement District consists of approximately 19.77 contiguous acres located within the City; and WHEREAS, on or about , the City Council, approved Ordinance No. , (hereinafter referred to as the "Assessment Ordinance") approving a service and assessment plan and assessment roll for the Property within The Preserve at Water Oak Public Improvement District, the Assessment Ordinance being recorded on , as Instrument No. in the Official Public Records of Williamson County, Texas; and; and PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 58 WHEREAS, the Assessment Ordinance imposed an assessment in the amount of $ (hereinafter referred to as the "Lien Amount") and further imposed a lien to secure the payment of the Lien Amount (the "Lien") against the following property located within the District, to wit: [legal description], a subdivision in Williamson County, Texas, according to the map or plat of record in Document/Instrument No. of the Plat Records of Williamson County, Texas (hereinafter referred to as the "Property"); and WHEREAS, the property owners of the Property have paid unto the City the Lien Amount. RELEASE 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 it affects and encumbers the Property. EXECUTED to be EFFECTIVE this the day of , 20_. CITY OF GEORGETOWN, TEXAS, By: [City Official Name], City Official Title ATTEST: [Secretary Name], City Secretary STATE OF TEXAS § COUNTY OF WILLIAMSON § This instrument was acknowledged before me on the day of , 20_, by [City Official Name], [City Official Title] for the City of Georgetown, Texas, on behalf of said municipality. Notary Public, State of Texas PRESERVE AT WATER OAK PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 59 APPENDIX A — ENGINEER'S REPORT [to be provided by Owner) PID Engineering Report The Preserve at Water Oak 3701 West State Highway 29 Georgetown, Texas 78628 Prepared by 2P Consultants, LLC. 203 E. Main Street, Suite 204 Round Rock, Texas 78664 March 11, 2025 "NSUIT\\- TBPE FIRM REGISTRATION # F-19351 2P CONSULTANTS, LLC 203 E. Main Street, Ste 204 Round Rock, Texas 78664 512-344-9664 TBPE FIRM #F-19351 Introduction The proposed development is located at 3701 W State Highway, Georgetown, Texas 78628. The current legal description for the property is "Lot 1 Block 1 of the Final Plat of the Preserve at Water Oak" as recorded in Document No. 2022098031 OPRWCT. The project consists of 18 buildings with a mix of office, warehouses, restaurant and retail along with their corresponding improvements and over 680 parking spaces. The overall project encompasses 20.26 acres, with 0.33 acres being dedicated by a recorded plat as Public ROW along the frontage of SH 29 and 0.16 acres of Public ROW being dedicated by a recorded plat for the extension of Cross Mountain Trail on the backside (South) portion of the overall project. The removal of the dedicated Public ROW's leave the remaining acreage of 19.77 acres, which is fully contained and legally platted as Lot 1, Block 1, The Preserve at Water Oak, recorded in Document No. 2022098031 OPRWCT. Development Improvements This report focuses on the internal improvements that will be reimbursed with the proposed Public Improvement District. District and improvement area maps and legal descriptions are in the appendices. Public Street Improvements and Deceleration Lane Proposed streets have been designed to city standards, consisting of curbs and gutters and a hot - mix asphaltic concrete pavement surface. Five-foot sidewalks will be constructed along the local driveways to access the buildings, according to the approved Site Development Plan following the City of Georgetown standard details. A deceleration/right turn lane is proposed along W. State Highway 29, this lane will allow the traffic to merge over and decelerate from the normal SH29 speed to make the right turn into the development. Cross Mountain Trail is proposed to extend onto our property with a provided "Hammer Head" as required for public safety access. The primary driveway constructed within the Public ROW of W. State Highway 29 will be a commercial grade driveway as required by the City and will serve as the primary access for the development with secondary access to Cross Mountain Trail and two proposed "cross -access" points to the neighboring commercial properties. The primary access driveway will be constructed of rigid pavement (concrete) design and will meet the TxDOT requirements, will have a minimum slab thickness of 8" and will also use standard CRCP (1)-13, Continuously Reinforced Concrete Pavement, One -Layer Steel Bar Placement. 2P CONSULTANTS, LLC 203 E. Main Street, Ste 204 Round Rock, Texas 78664 512-344-9664 TBPE FIRM #F-19351 Water and Wastewater The project lies within the City of Georgetown water services boundary and the City of Georgetown wastewater services Boundary. Water service will be provided by connecting to an existing 24-inch public water pipe along State Highway 29. Internal water utilities will be provided to the individual buildings by a proposed 4-inch PVC C-900 water main and an 8-inch PVC C-900 for the fire water line. Internal wastewater utilities will be provided by connecting to the 8-inch public wastewater main in the existing Cross Creek Mountain public ROW. The public 8" wastewater main is routed throughout the development within public easements and provide a public wastewater manhole near the main entrance at SH-29 for future public connections. The internal lines will be constructed in accordance with the City of Georgetown water and wastewater system design criteria and specifications. Drainage and Detention Peak runoff rates for the existing and proposed drainage areas were determined using HEC-HMS 4.3. The program's SCS methodology for this analysis utilized the Atlas 14 frequency estimates provided by the National Oceanic and Atmospheric Administration's National Weather Service and the 24-hour SCS type III rainfall distribution for the 2, 5, 10, 25, 50, and 100-year storm events. The existing and developed conditions were divided into two drainage basins each, one that drained towards the existing culvert west of the proposed site and one that drained towards the existing culvert to the east. The proposed site drains to a single drainage facility (Detention/Water Quality Pond) located in the southwest corner of the developed site. A Detention Basin Complying with the Edwards Aquifer Rules is proposed as part of the development to improve stormwater runoff water quality and deter runoff so that it will have no adverse impact on properties downstream. The detention/WQ basin is about 1.80 acres and averages about 6-feet deep, although the Northeastern side of the pond required a 10-foot tall rock wall to allow for the development. Existing stormwater structures and pipes located adjacent to the southwest corner of the site will be used for stormwater disposal. The pond contains 2-Batch Detention Systems that are required for the water quality aspects of the pond. The Batch Detention systems operate as a bucket that rotates to allow certain rainfall events to be released to accommodate the required TCEQ and City TSS removals. The basin was sized to treat the upstream developed conditions. This contributing basin is 16.61 acres, which includes 11.74 acres of impervious cover. The TCEQ Technical Guidance Manual for onsite stormwater BMP's must be designed to remove at least 80% of the increased total suspended 2P CONSULTANTS, LLC 203 E. Main Street, Ste 204 Round Rock, Texas 78664 512-344-9664 TBPE FIRM #F-19351 solids (TSS) from the proposed project. The City of Georgetown requires an additional 5%, for a minimum requirement of 85% TSS removal. Erosion Control Construction techniques and standards will be compliant with the City of Georgetown codes and criteria manuals. Typical erosion and sedimentation control measures to be utilized during construction include silt fence, rock berms, stabilized construction entrances, inlet protection, and hydro -mulching. These controls are required to remove pollutants from a rainfall event during and after construction. Landscape Construction techniques and standards will be compliant with the City of Georgetown codes and criteria manuals. Code compliant landscaping including, but not limited to, existing tree preservation, new tree plantings, shrubs, foundation plant screening, mulch protection and grass cover throughout. A City required irrigation system is installed throughout the project to provide the watering for the required landscaping. Signage Entrance signage will be in the form of 3-4'x'4x10' tall rock pillars. The pillars will contain signage for the name of the development "PRESERVE" and the address. There will also be wayfinding signage throughout the development to allow better access to the units within the development. Funding Sources There are no oversized improvements, cost sharing or outside funding sources contributing to any portion of the project. An Engineer's Opinion of Probable Cost (OPC) with descriptions of each internal improvement is included in this report. I 2P CONSULTANTS, LLC 203 E. Main Street, Ste 204 Round Rock, Texas 78664 512-344-9664 TBPE FIRM #F-19351 Private Development Improvements This portion of the report focuses on the internal improvements that are NOT to be reimbursed with the proposed Public Improvement District. Private Street Improvements There are technically no private streets within the development. There are numerous private drive aisle with associated parking spaces constructed for the internal buildings. There is approximately 5,400 linear feet of 26-foot wide private drive aisle with approximately 687 parking spaces. Private Monument Signage There will be a monument sign placed near the entrance of the property for the purpose of displaying retail tenant signage. 4 The Preserve at Water Oak Engineering Report LIST OF ATTATCHMENTS Appendix A Location Map Appendix B District Boundary Map Appendix C District Legal Description Appendix D Land Use Map Appendix E Public Right of Way Improvements Appendix F Water Utility Plan Appendix G Wastewater Utility Plan Appendix H Storm Sewer Plan Appendix I Landscaping and Signage Appendix J Engineer's Opinion of Probable Cost Appendix K Construction Schedule Appendix L Private Improvements APPENDIX B District Boundary Map DEDICATED ROW FOR HWY29 & DECELERATION LANE - STATE HIGHWAY 29 o jj II - - U R2 R3 - F1 0 100 200 ORIGINAL SCALE 1"=200' -� - F3 r� = 02 F 01 = F5 \ I = F6 1 F8 \ RI \\ \ 03 - F7 - \\ • \\ 04 O5 06 ` BUILDING TABLE Tag RI 1 Reta: iRestak,rarl Footprint SF 8,950 Stor es 1 Iola', SF 8,950 R2 Restaurant 4,000 1 4,00D R3 Restaurant 3,900 _ 1 _ 3,900 R4 Retail/Restaurant 8900 1 81900 F1 F? _Flex Office Flex Office 7950 7,950 _ 1 1 7,950 7,950 -_- F3 Flex Office 7,750 1 7,750 F4 Flex Office 9,250 1 9,250 F5 F6 _Flex Office Flex Office 8,000 3,750 1 1 81000 3,750 F7 F8 Flex Office Flex Office 11,500 15,150 1 1 11,500 15,150 01 Off-, 8,950 2 17,900 02 03 Office Office 8,950 8,950 3 2 26,850 17,900 04 05 _Office Office 8,950 --8,950 _ 2 2 _17,900 1 17,900 06 Office 6,50D 2 13,000 .. Il- I D)=DICATED ROW CROSS MOUNTAIN TRAIL FAIR OAKS DR. O Z �0 >C Z Cn n , c2p 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512-344-9664 TBPE FIRM #F-19351 THE PRESERVE AT WATER OAK PUBLIC IMPROVMENT DISTRICT December 12, 2024 N:\Projects\OM Developers\W SH 290ocuments\Application and Fees\PID\SITE PLAN.dwg APPENDIX C District Legal Description LEGAL DESCRIPTION A 19.77 ACRE TRACT OF LAND BEING OUT OF THE 20.26 ACRES CONVEYED TO 3701 SH29, LLC IN A WARRANTY DEED, RECORDED IN DOCUMENT NO. 2019030375 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS AND BEING ALL OF 19.77 ACRES, LOT 1, BLOCK 1, RECORDED AS THE PRESERVE AT WATER OAK, OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY TEXAS DOCUMENT NO. 2022098031. • No zo�osz0f0/ STAB HIGH HNC AT f0 33Og i \ r� RAo rt N0 ��p ARteg W WiDINJ � ?75) BUItl'' R' �\ • 07 0 75 150 T (0,. Wmenne F I 35 1" = 150' tAR re r°OC, -Do � � � / �- 2007 (� I ! c' 7 C (OT OjBi i,, I Bu;ld'ng R 0/'�'� OCa/ Budd�9 R3` oyzo;' i -4N� W ryE 407 s Sri, tfo 25 I rDTHE OC. NORESq W fS 'gg97g200� N tot ? I I Bu/A09 FI A LOT B i I I o B^9 Fj v B0' OJ I O t�,ce 0j N Br ily,'n (Uch Wme y„e t07 g I ' I m u Bw'o,^9 02 IS (882 255 ACRE 9 F? No. zW,o: OTI' AAC 3?4 S i ce ABSTRRAACrU4 SUt) \ --- _' I I N N R I !n A �O. ijq 6N�_ `0r'0 Ip grea 1 I O O BU''R 9 F v ♦ R I � Z 5 /'1 V _ n� 1.-, 0 O O N n Z a� to 0./ I I o N Bm��^9 03 y 7 B„ m ce n�t� 50. fvyemenf ��i x (mac �% D Cia/ O n IM qrL:,��o I [or O OS e;yN9 O B ' pistriC �e \�5p 3_STORYgU/[pLO I \ a NGs1T I wi<CAMtfp (° SE��\ \ ROPO\�5?RYg � ` WOK I (°oC o ? \0, toT /u�NGSereyOk 05 15 T (Or 19 0� � Fo eme9e �r'ROP u/( / j/9 O fp (OT ?0 \ \ S0•eBu;lo. I (07?7 (Oj ` p/NG ofr� os 21J (oK 7 - • I !1 �� S 0pj I FA/q 0a(S 407 24 \ ` FCN\�L (55-RO.WORNE 40,'0 `% T ' u o F S BCoCK(oT 20 POTENTIAL OUTDOOR SEATING AREA, --z GATHERING SPACE OR PICNIC AREA /07 2s a for B(o K' ^ R 10 The Preserve at Water Oak 203 E. MAIN STREET, SUITE 204 O.M. Development ROUND ROCK, TEXAS 78664 June 18, 2020 512-344-9664 TBPE FIRM #F-19351 APPENDIX E Public Right of Way Improvements DECELERATION LANE STATE HIGHWAY 29 R1I o _ p _�Q3] � I 0 R4 ❑ d G� o I o r02 �01 03 ❑I POND r % FAIR OAKS DR. CROSS MOUNTAIN TR. EXTENSION 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512-344-9664 TBPE FIRM #F-19351 N W E 1�r 0 100 200 ORIGINAL SCALE 1" = 200' F1 F2 05 THE PRESERVE AT WATER OAK PUBLIC ROW IMPROVEMENTS November 1, 2024 e N:\Projects\OM Developers\W SH 29\DocumentsWpplication and Fees\PID\Public ROW Impr.dwg APPENDIX F Water Utility Plan N:\Projects\OM Developers\W SH 29\Documents\Application and Fees\PID\WATER PLAN.dwg APPENDIX G Wastewater Utility Plan 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512-344-9664 TBPE FIRM #F-19351 0 100 200 ORIGINAL SCALE 1" = 200' s THE PRESERVE AT WATER OAK OVERALL WASTEWATER SHEET June 15, 2023 N:\Projects\OM Developers\W SH 29\DocumentsWpplication and Fees\PID\WASTEWATER PLAN.dwg APPENDIX H Storm Sewer Plan STATE HIGHWAY 29 \ R4 U 1l \ O, \ \\ ^ t'UNU I Il. 05 �r— IF FAIR OAKS DR. 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512-344-9664 TBPE FIRM #F-19351 W E S 0 100 200 ORIGINAL SCALE 1 " = 200' THE PRESERVE AT WATER OAK OVERALL STORM SEWER PLAN November 1, 2024 N:\Projects\OM Developers\W SH 29\Documents\Application and Fees\PID\STORMSEWER PLAN.dwg APPENDIX I Landscaping and Signage LANDSCAPE PLANS ADDED FOR REFERENCE ONLY C �g� Ff Sa 1� - � 2 / m -'m Yt �. A xx 8Q �a' Ali F�`-G``,t'�.�'r•`__ - �I a �1 km m MATCHLWE SEE SHT. L6 0 z r sg MATCHLINE SEE SHT. L5 -n C C) , 0 0 �� Si ._?� } e �t ---------- 7-7 L 0 z M > z -------- ----- - - CD 0 M m m 70 IM z 0 IM 0 z THE PRESERVE AT WATER OAKS Hwy. 29, Georgetown, Texas MEL0'4Q0N DESIGN GROUP, INC. LAND PLINNII,, - —�,C APF a ar ECTLIK landscape plan —7- "u:°`"roawa�..a+rm a ew v'°�o+riawm°w`,w `�"ia++w� im�ai: •ra w� on a cencrraw, cd�.; r� w.w r»I .,. LANDSCAPE CALCULATION TABLE SHRUB P PLANTING 2ETAl1NT. L_AP ANTING 12ETAIyP. NTNTIt DETAIL 1e 1, �F .aw<nar. GRDUNDCGJERYPLANTi% DETAIL Rio 0 WN oot .uwr uer rww• - a.wrin eor.wlc.� wu,e elxc � cowuTrow wawa v p . GR.eM9 ..4TCp4Le MM � Ie».wFu»»Yw Wu. a..r»w»Wi LANDSCAPE PLANS ADDED FOR REFERENCE ONLY APPENDIX J Engineer's Opinion of Probable Cost c2p Prepared for OM Developers, LLC. Prepared By 2P Consultants, LLC The Preserve at Water Oak Item Updated Construction costs No. Unit Cost Qty. Total 1.0 DRAINAGE IMPROVEMENTS 1.1 Masonry wall LF $ 168.50 649 $ 109,356.50 1.2 Concrete Footers LF $ 200.00 649 $ 129,800.00 1.3 Detention Pond LS $ 93,760.00 1 $ 93,760.00 1.4 Batch System EA $ S0,000.00 2 $ 100,000.00 1.5 2'x2' Grate Inlet LS $ 3,900.00 8 $ 31,200.00 1.6 3'x3' Grate Inlet EA $ 6,200.00 13 $ 80,600.00 1.7 3'x3' Area Inlet EA $ 7,500.00 1 $ 7,500.00 1.8 4'x4' Junction Box EA $ 11,500.00 1 $ 11,500.00 1.9 Sloped Headwall42" EA $ 13,100.00 1 $ 13,100.00 1.10 Sloped Headwall 24" EA $ 8,150.00 1 $ 8,150.00 1.11 12" HDPE Pipe LF $ 50.00 173 $ 8,650.00 1.12 18" HDPE Pipe LF $ 65.00 1443 $ 93,795.00 1.13 24" HDPE Pipe LF $ 72.00 1606 $ 115,632.00 1.14 30" HDPE Pipe LF $ 85.00 232 $ 19,720.00 1.15 42" HDPE Pipe LF $ 107.00 191 $ 20,437.00 1.16 Rock Excavation LF $ 50.00 3645 $ 182,2S0.00 Subtotal $ 1,025,450.50 2.0 WATER IMPROVEMENTS 2.1 Connect to existing 24" EA $ 32,000.00 1 $ 32,000.00 2.2 8" Backflow preventer EA $ 42,000.00 1 $ 42,000.00 2.3 8" Gate Valve M.J. EA $ 3,500.00 7 $ 24,500.00 2.4 6" Gate Valve M.J. EA $ 2,600.00 18 $ 46,800.00 2.5 4" Gate Valve M.J. EA $ 1,800.00 2 $ 3,600.00 2.6 2" Gate Valve M.J. EA $ 1,476.00 18 $ 26,568.00 2.7 2" Service Line EA $ 2,795.00 18 $ 50,310.00 2.8 Fire Hydrant Assambly EA $ 6,938.00 9 $ 62,442.00 2.9 4" PVC C-900 water main LF $ 70.00 2553 $ 178,710.00 2.10 6" Ductile Iron LF $ 135.00 968 $ 130,680.00 2.11 8" PVC (Fire water line) LF $ 105.00 2875 $ 301,875.00 2.12 Rock Excavation LF $ 50.00 6396 $ 319,800.00 2.13 Trench safety LF $ 3.00 6396 $ 19,188.00 Subtotal $ 1,238,473.00 3.0 WASTEWATER IMPROVEMENTS 3.1 8" PVC pipe LF $ 95.00 2221 $ 210,947.50 3.2 6" PVC pipe LF $ 82.00 1098 $ 90,019.60 3.3 Trench safety LF $ 3.00 3318 $ 9,954.90 3.4 Rock Excavation LF $ 50.00 3318 $ 165,915.00 3.5 4' Dim. Manhole Standard EA $ 7,500.00 10 $ 75,000.00 3.6 4' Dim. Drop Manhole EA $ 11,500.00 1 $ 11,500.00 3.7 Connect to existing 4" Manhole EA $ 1,400.00 1 $ 1,400.00 3.8 Extra depth manhole VF $ 650.00 25 $ 16,250.00 P Single wastewater service EA $ 2,755.00 18 $ 49,590.00 Subtotal $ 580,987.00 1 of 2 3/11/2025 2F 4.0 CROSS MOUNTAIN TRAIL ACCESS (hammerhead in ROW) 4.1 Clear & Grub (ROW -ROW) SY $ 15.00 423.6666667 $ 6,355.00 4.2 Excavation/Embankment (ROW -ROW) SY $ 30.00 423.6666667 $ 12,710.00 4.3 Subgrade Preparation (3' BOC) SY $ 17.25 423.6666667 $ 7,308.25 4.4 Lime Stabilization (8" Thick) (3' BOC) SY $ 25.00 423.6666667 $ 10,591.67 4.5 Crushed Limestone Base (8" Thick) (3' BOC) SY $ 22.00 423.6666667 $ 9,320.67 4.6 1 H.M.A.C. (2.0" Thick) SY $ 37.00 423.6666667 $ 15,675.67 4.7 6" Standard Curb & Gutter w/Base LF $ 28.00 326 $ 9,128.00 4.10 5' Concrete Sidewalk LF $ 175.00 140 $ 24,500.00 4.11 Type 1 Sidewalk Ramps EA $ 2,100.00 4 $ 8,400.00 4.12 Street End Barricade EA $ 7,500.00 2 $ 15,000.00 4.13 Sawcut and Tie to Existing Street EA $ 3,500.00 1 $ 3,500.00 4.14 Paint Pavement Marking LS $ 15,000.00 1 $ 15,000.00 Subtotal $ 137,489.25 7.0 DECEL LANE and IMPROVEMENTS ALONG SH 29 7.1 Clear & Grub (ROW -ROW) (Includes all Mobilization and Supervision) SY $ 15.00 242 $ 3,625.00 7.2 Excavation/Embankment (ROW -ROW) SY $ 30.00 242 $ 7,250.00 7.3 Subgrade Preparation (3' BOC) SY $ 17.25 242 $ 4,168.75 7.4 Lime Stabilization (8" Thick) IT BOC) SY $ 25.00 242 $ 6,041.67 7.5 Crushed Limestone Base (8" Thick) (3' BOC) SY $ 22.00 242 $ 5,316.67 7.6 H.M.A.C. (2.0" Thick) SY $ 37.00 242 $ 8,941.67 7.10 5' Concrete Sidewalk LF $ 175.00 817 $ 142,975.00 7.13 Concrete Driveways for Access EA $ 27,615.00 1 $ 27,615.00 7.16 Sawcut and Tie to Existing Street EA $ 5,715.00 1 $ 5,715.00 7.19 Paint Pavement Marking LS $ 12,000.00 1 $ 12,000.00 Subtotal $ 223,648.75 8 landscaping & Irrigation LS $ 684,300.00 1 $ 684,300.00 9 Gateway/Momument signage LS $ 150,000.00 1 $ 150,000.00 10 Soft cost LS $ 250,000.00 1 $ 250,000.00 11 District Formation LS $ 300,000.00 1 $ 300,000.00 12 Contingency LS $ 400,000.00 1 $ 400,000.00 13 Project Management fees LS $ 142,360.D0 1 $ 142,360.00 Subtotal $ 1,926,660.00 Total Authorized for PUBLIC Improvements $ 5,132,708.50 14.0 PRIVATE IMPROVEMENTS 14.1 Internal Street (Drive Aisles) LS $ 1,500,000.00 1 $ 1,500,000.00 14.1 Private Parking Areas LS $ 750,000.00 1 $ 750,000.00 7.3 Private Monument Signage LS $ 50,000.00 1 $ 50,000.00 Subtotal $ 2,300,000.00 2 of 2 3/11/2025 APPENDIX K Construction Schedule The Preserve at Water Oak Appendix K - Construction Schedule Nov-24 Construction Start Date Phase 1 Completion Date Phase 2 Completion Date A. Water Utility Nov-23 Mar-25 B. Wastewater Utility Nov-23 Mar-25 C. Storm Sewer Nov-23 Mar-25 D. Public Row Improvements Nov-23 Mar-25 E. Landscaping Nov-23 Nov-26 F. Signage Nov-23 Nov-26 APPENDIX L Private limprovements ORIGINAL SCALE � jamAISLES AND Wzf , � � PRIVATE DRIVE iPARKING - 1 1 !.� ice/..... .,.-19 00/1 -. w I'm 1 vo MOM, 10 .k ..mr r% ON AV oo 01 irr.✓,tra iiii .1 � f 03 =� •. BUILDING TABLE Tag R1 Type Retail/Restaurant F-01P-15FI 8,950 Stories 1 total SF 8,950 _ R2 Restaurant 4,000 1 4,000 R3 Restaurant 3,9W 1 3,900 R4 Retail/Restaurant 8,900 1 8,900 F1 Flex Office 7,950 1 7,950 F2 Flex Office 7,950 1 7,950 F3 Flex Office 7,750 1 7,750 F4 Flex Office 9,250 1 9,250 F5 F6 Flex Office Flex Office 8,000 3,750 1 1 81000 3,750 F7 FIR Flex Office _ Flex Office 11,500 15,150 1 1 11,500 1 15,150 01 Office 8,950 7 17,900 02 03 Office Office 8,950 9,950 3 2 26,850 17,900 04 05 _Office --- Office 8,950 8,950 2 -2 2 17,900 - 17,900 13,000 _ 06 Office 6,5W PRIVATE DRIVE AISLE AND PARKING FAIR OAKS DR. F7 F8 2P CONSULTANTS, LLC THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 WATER OAK 512-344-9664 PRIVATE IMPROVEMENTS TBPE FIRM #F-19351 March 10, 2025 N:\Projects\OM Developers\W SH 29\Documents\Application and Fees\PID\SITE PLAN.dwg APPENDIX B - BUYER DISCLOSURES The buyer disclosures for the following Lot Type are found in this Exhibit: o Initial Parcel o Lot Type 1 o Lot Type 2 o Lot Type 3 o Lot Type 4 o Remainder Parcel INITIAL PARCEL BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.0035), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO GEORGETOWN, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS INITIAL PARCEL PRINCIPAL ASSESSMENT: $4,347,000.00 As the purchaser of the real property described above, you are obligated to pay assessments to the City of Georgetown, 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 Preserve at Water Oak Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. 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 Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF WILLIAMSON The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_ Notary Public, State of Texas]' 3 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 Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]' ,20 ' 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 Williamson County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - INITIAL PARCEL 2026 $ 88,000.00 $ 260,820.00 $ - $ 40,800.00 $ 389,620.00 2027 92,000.00 255,540.00 - 41,616.00 389,156.00 2028 97,000.00 250,020.00 - 42,448.32 389,468.32 2029 102,000.00 244,200.00 - 43,297.29 389,497.29 2030 107,000.00 238,080.00 - 44,163.23 389,243.23 2031 113,000.00 231,660.00 - 45,046.50 389,706.50 2032 119,000.00 224,880.00 - 45,947.43 389,827.43 2033 125,000.00 217,740.00 - 46,866.38 389,606.38 2034 131,000.00 210,240.00 - 47,803.70 389,043.70 2035 138,000.00 202,380.00 - 48,759.78 389,139.78 2036 146,000.00 194,100.00 - 49,734.97 389,834.97 2037 153,000.00 185,340.00 - 50,729.67 389,069.67 2038 161,000.00 176,160.00 - 51,744.27 388,904.27 2039 170,000.00 166,500.00 - 52,779.15 389,279.15 2040 179,000.00 156,300.00 - 53,834.73 389,134.73 2041 189,000.00 145,560.00 - 54,911.43 389,471.43 2042 199,000.00 134,220.00 - 56,009.66 389,229.66 2043 210,000.00 122,280.00 - 57,129.85 389,409.85 2044 221,000.00 109,680.00 - 58,272.45 388,952.45 2045 233,000.00 96,420.00 - 59,437.90 388,857.90 2046 246,000.00 82,440.00 - 60,626.65 389,066.65 2047 260,000.00 67,680.00 - 61,839.19 389,519.19 2048 274,000.00 52,080.00 - 63,075.97 389,155.97 2049 289,000.00 35,640.00 - 64,337.49 388,977.49 2050 305,000.00 18,300.00 - 65,624.24 388,924.24 Total $ 4,347,000.00 $ 4,078,260.00 $ - $ 1,306,836.23 $ 9,732,096.23 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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 of Obligation to Pay Improvement District Assessment PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT - LOT TYPE 1 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.0035), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO GEORGETOWN, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS LOT TYPE 1 PRINCIPAL ASSESSMENT: $27.59 per Square Foot "inclusive of common area allocation" As the purchaser of the real property described above, you are obligated to pay assessments to the City of Georgetown, 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 Preserve at Water Oak Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment 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. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]Z Z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]3 ,20 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 Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this 920. Notary Public, State of Texas]' a 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 Williamson County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - LOT TYPE 1 2026 $ 0.56 $ 1.66 $ - $ 0.26 $ 2.47 2027 0.58 1.62 - 0.26 2.47 2028 0.62 1.59 - 0.27 2.47 2029 0.65 1.55 - 0.27 2.47 2030 0.68 1.51 - 0.28 2.47 2031 0.72 1.47 - 0.29 2.47 2032 0.76 1.43 - 0.29 2.47 2033 0.79 1.38 - 0.30 2.47 2034 0.83 1.33 - 0.30 2.47 2035 0.88 1.28 - 0.31 2.47 2036 0.93 1.23 - 0.32 2.47 2037 0.97 1.18 - 0.32 2.47 2038 1.02 1.12 - 0.33 2.47 2039 1.08 1.06 - 0.34 2.47 2040 1.14 0.99 - 0.34 2.47 2041 1.20 0.92 - 0.35 2.47 2042 1.26 0.85 - 0.36 2.47 2043 1.33 0.78 - 0.36 2.47 2044 1.40 0.70 - 0.37 2.47 2045 1.48 0.61 - 0.38 2.47 2046 1.56 0.52 - 0.38 2.47 2047 1.65 0.43 - 0.39 2.47 2048 1.74 0.33 - 0.40 2.47 2049 1.83 0.23 - 0.41 2.47 2050 1 1.94 0.12 - 0.42 2.47 Total 1 $ 27.59 $ 25.89 $ - $ 8.30 $ 61.78 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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 of Obligation to Pay Improvement District Assessment PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT -LOT TYPE 2 BUYER i DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.0035), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO GEORGETOWN, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS LOT TYPE 2 PRINCIPAL ASSESSMENT: $34.95 per Square Foot "inclusive of common area allocation" As the purchaser of the real property described above, you are obligated to pay assessments to the City of Georgetown, 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 Preserve at Water Oak Public Improvement District (the 'District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. 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 Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS 0 COUNTY OF WILLIAMSON DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]' , 20 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 Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 . Notary Public, State of Texas]' ' 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 Williamson County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - LOT TYPE 2 2026 $ 0.71 $ 2.10 $ - $ 0.33 $ 3.13 2027 0.74 2.05 - 0.33 3.13 2028 0.78 2.01 - 0.34 3.13 2029 0.82 1.96 - 0.35 3.13 2030 0.86 1.91 - 0.36 3.13 2031 0.91 1.86 - 0.36 3.13 2032 0.96 1.81 - 0.37 3.13 2033 1.01 1.75 - 0.38 3.13 2034 1.05 1.69 - 0.38 3.13 2035 1.11 1.63 - 0.39 3.13 2036 1.17 1.56 - 0.40 3.13 2037 1.23 1.49 - 0.41 3.13 2038 1.29 1.42 - 0.42 3.13 2039 1.37 1.34 - 0.42 3.13 2040 1.44 1.26 - 0.43 3.13 2041 1.52 1.17 - 0.44 3.13 2042 1.60 1.08 - 0.45 3.13 2043 1.69 0.98 - 0.46 3.13 2044 1.78 0.88 - 0.47 3.13 2045 1.87 0.78 - 0.48 3.13 2046 1.98 0.66 - 0.49 3.13 2047 2.09 0.54 - 0.50 3.13 2048 2.20 0.42 - 0.51 3.13 2049 2.32 0.29 - 0.52 3.13 2050 1 2.45 0.15 - 0.53 1 3.13 Total $ 34.95 $ 32.79 $ - $ 10.51 $ 78.25 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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 of Obligation to Pay Improvement District Assessment PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT - LOT TYPE 3 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.0035), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO GEORGETOWN, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS LOT TYPE 3 PRINCIPAL ASSESSMENT: $19.32 per Square Foot "inclusive of common area allocation" As the purchaser of the real property described above, you are obligated to pay assessments to the City of Georgetown, 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 Preserve at Water Oak Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. 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 Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF WILLIAMSON § DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]3 ,20 . s 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 Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_ Notary Public, State of Texas]4 ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - LOT TYPE 3 2026 $ 0.39 $ 1.16 $ - $ 0.18 $ 1.73 2027 0.41 1.14 - 0.18 1.73 2028 0.43 1.11 - 0.19 1.73 2029 0.45 1.09 - 0.19 1.73 2030 0.48 1.06 - 0.20 1.73 2031 0.50 1.03 - 0.20 1.73 2032 0.53 1.00 - 0.20 1.73 2033 0.56 0.97 - 0.21 1.73 2034 0.58 0.93 - 0.21 1.73 2035 0.61 0.90 - 0.22 1.73 2036 0.65 0.86 - 0.22 1.73 2037 0.68 0.82 - 0.23 1.73 2038 0.72 0.78 - 0.23 1.73 2039 0.76 0.74 - 0.23 1.73 2040 0.80 0.69 - 0.24 1.73 2041 0.84 0.65 - 0.24 1.73 2042 0.88 0.60 - 0.25 1.73 2043 0.93 0.54 - 0.25 1.73 2044 0.98 0.49 - 0.26 1.73 2045 1.04 0.43 - 0.26 1.73 2046 1.09 0.37 - 0.27 1.73 2047 1.16 0.30 - 0.27 1.73 2048 1.22 0.23 - 0.28 1.73 2049 1.28 0.16 - 0.29 1.73 2050 1 1.36 0.08 - 0.29 1.73 Total 1 $ 19.32 $ 18.12 $ - $ 5.81 $ 43.25 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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 of Obligation to Pay Improvement District Assessment PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT - LOT TYPE 4 BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.0035), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO GEORGETOWN, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS LOT TYPE 4 PRINCIPAL ASSESSMENT: $19.93 per Square Foot "inclusive of common area allocation" As the purchaser of the real property described above, you are obligated to pay assessments to the City of Georgetown, 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 Preserve at Water Oak Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. 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 Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]Z 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [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 WILLIAMSON The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 . Notary Public, State of Texas]' s 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 Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]' , 20_. 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 Williamson County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - LOT TYPE 4 2026 $ 0.40 $ 1.20 $ - $ 0.19 $ 1.79 2027 0.42 1.17 - 0.19 1.78 2028 0.44 1.15 - 0.19 1.79 2029 0.47 1.12 - 0.20 1.79 2030 0.49 1.09 - 0.20 1.78 2031 0.52 1.06 - 0.21 1.79 2032 0.55 1.03 - 0.21 1.79 2033 0.57 1.00 - 0.21 1.79 2034 0.60 0.96 - 0.22 1.78 2035 0.63 0.93 - 0.22 1.78 2036 0.67 0.89 - 0.23 1.79 2037 0.70 0.85 - 0.23 1.78 2038 0.74 0.81 - 0.24 1.78 2039 0.78 0.76 - 0.24 1.78 2040 0.82 0.72 - 0.25 1.78 2041 0.87 0.67 - 0.25 1.79 2042 0.91 0.62 - 0.26 1.78 2043 0.96 0.56 - 0.26 1.79 2044 1.01 0.50 - 0.27 1.78 2045 1.07 0.44 - 0.27 1.78 2046 1.13 0.38 - 0.28 1.78 2047 1.19 0.31 - 0.28 1.79 2048 1.26 0.24 - 0.29 1.78 2049 1.32 0.16 - 0.29 1.78 2050 1 1.40 0.08 - 0.30 1.78 Total $ 19.93 $ 18.70 $ - $ 5.99 $ 44.62 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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 of Obligation to Pay Improvement District Assessment PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT - REMAINDER PARCEL BUYER DISCLOSURE NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.0035), 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 performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO GEORGETOWN, TEXAS CONCERNING THE FOLLOWING PROPERTY PROPERTY ADDRESS REMAINDER PARCEL PRINCIPAL ASSESSMENT: $2,915,118.73 As the purchaser of the real property described above, you are obligated to pay assessments to the City of Georgetown, 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 Preserve at Water Oak Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. 1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 . Notary Public, State of Texas]' 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 Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20_. Notary Public, State of Texas]' a 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 Williamson County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - REMAINDER PARCEL 2026 $ 59,013.22 $ 174,907.12 $ - $ 27,360.67 $ 261,281.01 2027 61,695.63 171,366.33 - 27,907.89 260,969.85 2028 65,048.66 167,664.59 - 28,466.04 261,179.29 2029 68,401.68 163,761.67 - 29,035.36 261,198.72 2030 71,754.71 159,657.57 - 29,616.07 261,028.35 2031 75,778.33 155,352.29 - 30,208.39 261,339.02 2032 79,801.96 150,805.59 - 30,812.56 261,420.11 2033 83,825.59 146,017.47 - 31,428.81 261,271.87 2034 87,849.22 140,987.94 - 32,057.39 260,894.54 2035 92,543.45 135,716.98 - 32,698.54 260,958.97 2036 97,908.29 130,164.38 - 33,352.51 261,425.17 2037 102,602.52 124,289.88 - 34,019.56 260,911.96 2038 107,967.36 118,133.73 - 34,699.95 260,801.04 2039 114,002.80 111,655.69 - 35,393.95 261,052.44 2040 120,038.25 104,815.52 - 36,101.83 260,955.59 2041 126,744.29 97,613.22 - 36,823.86 261,181.38 2042 133,450.34 90,008.57 - 37,560.34 261,019.25 2043 140,826.99 82,001.55 - 38,311.55 261,140.08 2044 148,203.64 73,551.93 - 39,077.78 260,833.35 2045 156,250.90 64,659.71 - 39,859.33 260,769.94 2046 164,968.76 55,284.65 - 40,656.52 260,909.94 2047 174,357.23 45,386.53 - 41,469.65 261,213.41 2048 183,745.69 34,925.09 - 42,299.04 260,969.83 2049 193,804.76 23,900.35 - 43,145.02 260,850.14 2050 1 204,534.44 12,272.07 - 44,007.93 260,814.43 Total 1 $ 2,915,118.73 $ 2,734,900.41 $ - $ 876,370.55 $ 6,526,389.68 [a] Interest is calculated at a rate of 6.00% which is less than 2% above the 30-year Municipal Market Data Index, which was 4.54% as of May 29, 2025, as required by the PID Act. If PID Bonds are issued, the interest rate on the Assessment will adjust to the interest rate on the Bonds plus Additional Interest. [b] If PID Bonds are issued, Additional Interest will be charged and collected. [c] The Bond Par shall be reduced to ensure the fixed PID Tax Rate Equivalent of $0.55 isn't exceeded should the interest rates on the bonds plus Additional Interest at bond sale be higher than the Reimbursement Obligation rate. [d] 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.