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Home My WebLink AboutORD 2025-36 - Preserve at Water Oak Public Improvement District Levy of Special AssessmentsORDINANCE NO. 2045 ;moo AN ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR, AND APPORTIONING THE COSTS OF, CERTAIN IMPROVEMENTS TO PROPERTY IN AND FOR THE PRESERVE AT WATER OAK PUBLIC IMPROVEMENT DISTRICT; FIXING A CHARGE AND LIEN AGAINST ALL PROPERTIES WITHIN THE DISTRICT, AND THE OWNERS THEREOF; PROVIDING FOR THE MANNER AND METHOD OF COLLECTION OF SUCH ASSESSMENTS; PROVIDING FOR PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS; MAKING A FINDING OF SPECIAL BENEFIT TO PROPERTY IN THE DISTRICT AND THE REAL AND TRUE OWNERS THEREOF; APPROVING A SERVICE AND ASSESSMENT PLAN; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Subchapter A of Chapter 372 of the Texas Local Government Code (the "Act") allows for the creation of public improvement districts; and WHEREAS, a petition was submitted and filed with the City Secretary (the "City Secretary") of the City of Georgetown, Texas (the "City") pursuant to the Act, requesting the creation of a public improvement district located within the corporate limits of the City to be known as The Preserve at Water Oak Public Improvement District (the "District" or "PID") 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 Act that are necessary for development of the District; and 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; and WHEREAS, on December 10, 2024, after due notice, the City Council (the "City Council") of the City held the public hearing in the manner required by law on the advisability of the improvement projects described in the petition as required by Section 372.009 of the Act and on December 10, 2024 the City Council made the findings required by Section 372.009(b) of the Act and, by Resolution No. 121024-6.13 (the "Creation Resolution"), adopted by a majority of the members of the City Council, authorized the creation of the District in accordance with its finding as to the advisability of the improvement projects; and WHEREAS, within seven days after adoption of Creation Resolution, the City Secretary filed a copy of the Creation Resolution with the county clerk of Williamson County, Texas; and Ordinance Number: ZX Page 1 Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 WHEREAS, no written protests regarding the creation of the District from any owners of record of property within the District were filed with the City Secretary within 20 days after the date the Creation Resolution took effect; and WHEREAS, pursuant to the Act, the proposed assessment roll (the "Assessment Roll") and service and assessment plan were filed with the City Secretary; and WHEREAS, pursuant to Section 372.016(b) of the Act, the statutory notice of a public hearing to be held by the City Council on July 8, 2025 was published on June 25, 2025, advising that the City Council would consider the levy of the proposed assessments (the "Assessments") on real property within the District was published in The Williamson County Sun, a newspaper of general circulation in the City, and was mailed to the last known address of the owners of the property liable for the Assessments; and WHEREAS, the City Secretary, pursuant to Section 372.016(c) of the Act, mailed notice of the public hearing to consider the proposed Assessment Roll and the Service and Assessment Plan and the levy of the Assessments on property within the District to the address of record at Williamson Central Appraisal District, such address being the last known address of the owners of the property liable for the Assessments; and WHEREAS, after notice was provided as required by the Act, the City Council on July 8, 2025, held a public hearing to consider the levy of the proposed Assessments on property within the District, at which any and all persons who appeared, or requested to appear, in person or by authorized electronic means as provided in the notice of public hearing published on June 25, 2025 or by their attorney, were given the opportunity to contend for or contest the Assessment Roll, and the proposed Assessments, and to offer testimony pertinent to any issue presented on the amount of the Assessments, the allocation of the Actual Costs (as defined in the attached Service and Assessment Plan) of the authorized improvements to be undertaken for the benefit of all property to be assessed within the District (the "Authorized Improvements"), the purposes of the Assessments, the special benefits of the Authorized Improvements, and the penalties and interest on annual installments and on delinquent annual installments of the Assessments; and WHEREAS, the City Council finds and determines that The Preserve at Water Oak Public Improvement District Service and Assessment Plan, which includes the Assessment Roll, in a form substantially similar to the attached Exhibit A. which final form shall be approved by the City Manager (the "Service and Assessment Plan"), and which is incorporated herein for all purposes, should be approved and that the Assessments should be levied as provided in this Ordinance, the Service and Assessment Plan, and the Assessment Roll; and WHEREAS, the City Council further finds that there were no written objections or evidence submitted to the City Secretary in opposition to the Service and Assessment Plan, the Actual Costs of the Authorized Improvements as described in the Service and Assessment Plan, the Assessment Roll, or the levy of the Assessments; and Ordinance Number: 202T --�6 Page 2 Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 WHEREAS, in connection with the levy of the Assessments, concurrently herewith, 3701 SH 29 LLC, a Texas limited liability company (the "Landowner"), the owner of the privately - owned and taxable property located within the District, will execute a Landowner Consent Certificate, wherein the Landowner, among other things, approves and accepts this Ordinance and the Service and Assessment Plan, including the Assessment Roll, consents to and accepts the levy of the Assessments against its properties located within the District, and agrees to pay the Assessments; and WHEREAS, the City Council closed the public hearing on July 8, 2025, and, after considering all oral, written and documentary evidence presented at the hearing, including all written comments and statements filed with the City, determined to proceed with the adoption of this Ordinance in conformity with the requirements of the Act; and WHEREAS, the meeting at which this Ordinance is considered is open to the public as required by law, and the public notice of the time, place and purpose of said meeting was given as required by Chapter 551, Texas Government Code, as amended. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS: Section 1. All matters stated in the preamble of this Ordinance are found to be true and correct and are incorporated into the body of this Ordinance as if copied in their entirety. Section 2. The action of the City Council holding and closing the public hearing in these proceedings is hereby ratified and confirmed. Section 3. The Service and Assessment Plan attached to this Ordinance as Exhibit A has been presented to and reviewed by the City Council and the City Council hereby approves said Service and Assessment Plan and adopts the attached Service and Assessment Plan as the service plan and assessment plan for the District. All capitalized terms not otherwise defined herein shall have the meanings given to such terms in the Service and Assessment Plan. Section 4. The Authorized Improvements described in the preamble of this Ordinance and in the Service and Assessment Plan include the improvements that will benefit and serve all of the property within the District (the "Major Improvements"). The Major Improvements benefit and serve all of the property within the District and are set forth in Section III of the Service and Assessment Plan attached hereto. Section 5. The City Council hereby finds and determines upon the evidence presented in reference to the property located within the District that: (i) the enhancement and value to accrue to the District and the real and true owner or owners thereof by virtue of construction of the Authorized Improvements will be equal to or in excess of the amount of the cost of the proposed Authorized Improvements; (ii) that the apportionment of the costs of the Authorized Improvements and the Assessments here and below made are just and equitable and produce substantial equality, considering the benefits received and the burdens imposed thereby, and result in imposing equal Ordinance Number: 2-0Z-1— 34, Page 3 Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 shares of the cost of the Authorized Improvements on property similarly benefitted, and are in accordance with the laws of the State of Texas; (iii) the property assessed is specially benefitted by means of the said Authorized Improvements in the District in relation to the costs of such improvements; (iv) all procedures that have taken place heretofore with reference to the Authorized Improvements and Assessments are in all respects regular, proper, and valid; and (v) all prerequisites to the fixing of the assessment liens against the properties within the District, and the personal liability of the real and true owner or owners thereof, whether correctly named herein or not, have been in all things regularly and duly performed in compliance with the Act and the proceedings of the City Council. The cost of said Authorized Improvements is hereby assessed and levied as a special assessment against such properties and the real and true owner or owners thereof in the amounts as described in Exhibit F of the Service and Assessment Plan attached hereto. Section 6. There shall be and is hereby levied and assessed against the property within the District, and against the real and true owners thereof (whether such owners be correctly named or not), the sums of money as listed in Exhibit F of the Service and Assessment Plan attached hereto and made a part hereof shown for each of the respective parcels of property, and the assessed against the same, and the owners thereof. Section 7. The sums assessed against property located within the District and the real and true owners or owner thereof, whether the owner or owners be named or correctly named, or the properties be correctly described therein or not, together with interest thereon at the rate per annum when required as set forth in the Service and Assessment Plan and with reasonable attorney's fees and all costs and expenses of collection, if incurred, are hereby declared to be and made a first and prior lien upon the respective parcels of property against which same are assessed from and after this date, and a personal liability and charge against the real and true owner or owners thereof, whether or not such owner or owners be correctly named herein, paramount and superior to all other liens, claims or titles except for lawful claims for state, county, school district, or municipality ad valorem taxes; and that the sum so assessed shall be payable to the City or its assigns in accordance with the Assessment Roll attached as Exhibit F to the Service and Assessment Plan attached hereto. Section 8. (a) The levy of the Assessments shall be effective on the date of adoption of this Ordinance levying assessments and strictly in accordance with the terms of the Service and Assessment Plan. (b) The apportionment of the costs of the Authorized Improvements to be assessed against the property within the District, shall be as set forth in the Service and Assessment Plan. (c) Assessments and Annual Installments shall be collected, administered and may be reallocated, and the costs of improvements paid, as set forth in: (i) this Ordinance; (ii) the Service and Assessment Plan and (iii) any ordinance, resolution, bond indenture or agreement approved by the City Council. Ordinance Number: ?,0 7-3C -36 Page 4 Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 (d) Each Assessment shall accrue and bear interest at the rate or rates specified in the Service and Assessment Plan. (e) Each Annual Installment shall be due and payable and shall be collected each year in the manner set forth in the Service and Assessment Plan. (f) Assessments and the interest thereon shall be deposited as and when received by the City into a separate fund to be used to pay the costs incurred for the Authorized Improvements, including debt service on obligations issued to pay the costs of the Authorized Improvements, and the establishment of each such fund is hereby approved. (g) The Annual Installments shall be reduced to equal the actual costs of repaying the related series of bonds and actual Annual Collection Costs (as provided for in the definition of such term), taking into consideration any other available funds for these costs, such as interest income on account balances. Section 9. This Ordinance incorporates by reference all provisions and requirements of the Act. Section 10. If any section, article, paragraph, sentence, clause, phrase, or word in this Ordinance, or application thereof to any persons or circumstances is held invalid or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this Ordinance; and the City Council hereby declares it would have passed such remaining portion of this Ordinance, despite such invalidity, which remaining portions shall remain in full force and effect. Section 11. The City Secretary is directed to cause a copy of this Ordinance, including the Service and Assessment Plan and/or the Assessment Roll, to be filed with the Williamson County Clerk, not later than the seventh day after the date the City Council adopts this ordinance approving the Service and Assessment Plan. The City Secretary is further directed to similarly file each Annual Service Plan Update approved by the City Council not later than the seventh day after the date that the City Council approves each Annual Service Plan Update (or as otherwise required by the PID Act). Section 12. (a) P3Works, LLC is hereby appointed and designated as the initial Administrator of the Service and Assessment Plan and of Assessments levied by this Ordinance. The Administrator shall perform the duties of the Administrator described in the Service and Assessment Plan and in this Ordinance. The Administrator's fees, charges and expenses for providing such service shall constitute an Annual Collection Cost. (b) The Williamson County Tax Assessor -Collector is hereby appointed and designated as the collector of the Assessments (the "Collector"). The Collector shall serve in such capacity unless and until replaced by subsequent action of the City Council. Ordinance Number: zoZ5-13(0 Page 5 Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 Section 13. This Ordinance shall take effect immediately from and after its passage and it is accordingly so ordained. EXHIBIT LIST: Exhibit A — Service and Assessment Plan Exhibit B — Landowner Consent Certificate Ordinance Number: 202"T� — 3b Page 6 Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 46PASSED AND APPROVED on First Reading on L fJ J PASSED, APPROVED AND ADOPTED on Second Reading on�, CITY OF GEORGETOWN, TEXAS, a home -rule mu�al corporation of the State of Texas Josh ATTEST: Robyn nsmore, City Secretary APPROVED AS TO FORM Skye asson, City Attorney STATE OF TEXAS COUNTY OF WILLIAMSON BEFORE ME, a Notary Public, on this day personally appeared, by Josh Schroeder, Mayor of the City of Georgetown, a Texas home -rule municipal corporation, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed the same for the purposes and consideration therein expressed on behalf of the City of Georgetown, Texas. GIVEN UNDER MY HAND AND SEAL of office this day of i� JUI (, , 2025. KAREN FROST Notary Public, State of texas �= ,,? Comm. Expires 05-24-2028 Notary ID 10536084 [SEAL] Ordinance Number: 2045--,3(,, Description: Preserve at Water Oak PID Assessment Date Approved: July 22, 2025 otary Public, State of Texas Page 7 The Preserve at Water Oak Public Improvement District SERVICE AND ASSESSMENT PLAN JULY 221 2025 TABLE OF CONTENTS Tableof Contents............................................................................................................................ 1 Introduction.................................................................................................................................... 0 SectionI: Definitions....................................................................................................................... 1 SectionII: The District..................................................................................................................... 7 Section III: Authorized Improvements............................................................................................ 7 SectionIV: Service Plan................................................................................................................. 10 SectionV: Assessment Plan.......................................................................................................... 10 Section VI: Terms of the Assessments.......................................................................................... 13 Section VII: Assessment Roll......................................................................................................... 19 Section Vill: 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 f'y _ V ._ .A k?.:. ntA�.�:I�" PRESERVE AT WATER OAK PID 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 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN INTRODUCTION 1 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 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 behalf 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 AT WATER OAK PID 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 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 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 3" 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 SERVICE AND ASSESSMENT PLAN 4 "Parcel(s)" means 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 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 SERVICE AND ASSESSMENT PLAN 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 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 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 8 wayfinding signage throughout the development to allow better access to the businesses within the development. e District Formation Expenses Costs and expenses directly associated with forming the District. 13. 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 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 IN 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 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 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 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 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 bythe 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 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 surn of the resulting reduced Assessments for all Assessed Property equals the reduced Actual Coasts, 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 SERVICE AND ASSESSMENT PLAN is an ammount 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 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 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. W. 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 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 VII: 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 15t 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 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 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 SERVICE AND ASSESSMENT PLAN 21 APPENDICES I 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 SERVICE AND ASSESSMENT PLAN 22 EXHIBIT A - DISTRICT LEGAL DESCRIPTION LFGAI DESCRIPTION A 19.77 ACRE TRACT OF LAND BEING OUT OF THE 20.26 ACRES CONVEYED TO 3701 5H29, LLC IN A WARRANTr 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, OFFICIAI PUBLIC". RECORDS Will lAMSON COUNTY TEXAS DOCUMENT NO. 2022098031. PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 23 EXHIBIT B — DISTRICT BOUNDARY MAP DECICATED ROW FOR HWY29 & DECELERATION LANE STATE HIGHA,AY 29 �2 ,1 1! F3 1 vi 1. .J02 01 I F5 4A FIS tL-J 03 1 • �\ r i�� fir--,: • 05 6!i.i Il• GT661i Btlr MIFLu•itl F d9i0 t 89i^ - f-'f ,� 11r51w�Y!I LA08 l m" 1—•-- __ neslwWl n.1r1/4cv-�.nl� A900 i cam. nn>o )a:n F�.onk- 7958" F410ft, SIMI l tN. aHts ►Om 1 M IM. alv I,lfO 1 OH[. alr. of arc. olf- FAIR OAKS DR. 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 75664 512-344-9664 TBPE FIRM #F-19351 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN N =:RI:- INAL SCALE 1" = 200' r1. CED,CA-, ED RC FOR CROSS MOUNTAIN Tt: THE PR'ESER'v`E AT WATER OAK PUBLIC IMPROVMENT DISTRICT December 12, 2024 EXHIBIT C - PROJECT COSTS ImprovementsAuthorized 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. wee° PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 25 EXHIBIT D - SERVICE PLAN - FIVE YEAR PLAN Principal $ 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 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 $ 5,930,359 $ 2,300,000 $ 8,230,359 Major Improvements $ 5,132,709 $ - $ 5,132,709 Private Improvements - 2,300,000 2,300,000 $ 5,132,709 $ 2,300,000 $ 7,432,709 Band 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 SERVICE AND ASSESSMENT PLAN 27 EXHIBIT F - ASSESSMENT ROLL :. • 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 $ 27,622.29 $ 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 Bonds. [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 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 June 20, 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 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. PP ESE RVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 30 EXHIBIT 1-1— MAP OF AUTHORIZED IMPROVEMENTS s STATE HIGHWAY 29 uJ — ORIGINAL SCALE 1" = 200' - R1 + R2 � I I y I rr � -• as 11 L O �.. _ i (r---�; � i I IR4- 02 1 OF5 O3 04-1 _y POND \� O5 \ , _ / ; / ' ��, --�—• �—mot �y ' �"., rl FAIR OAKS DR. OC n DO Z cA --1 70 2PCONSUI.IA\IS,I.I-C THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 WATER OAK 512.344-9664 OVERALL STORM SEWER PLAN TBPF FIRM;$F-19351 November 1, 2024 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 3i. 1 ORIGINAL SCALE 1" = 200' F- 1 F2`i - I F3 - — 02 .R, t1 PC:a�~ F8 i1 F7 0-4 R 2P CONSULTANTS, LLC 203 E. MAIN STREET, SUITE 204 ROUND ROMTEXAS 78664 P 512-344-9664 TBPE FIRM nF-19351 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN THE PRESERVE AT WATER OAK OVERALL'AASTEV1''ATER SHEET June 15, 2023 211 CONSULTANTS, LLC 203 E, MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 512-344-9664 TBPF FIRM #F-19351 N F 1I`' --- (DRk3INAL SCALE 1" = 200' — I 1 1-1 lf— ` THE PRESERVE AT WATER OAK OVERALL WATER SHEET June 15, 2023 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN =3 'A/ DECELERATION a' LANE S STATE HIGHWAY 29 =ORIGINAL SCALE - R1 1 1 1 Ra F1`r - x J r 9 F2 fir-= -j 1 F3 . Jf 202 1, --1-L Lr F501, F8 1 L ram, tF7 i, I 03 POND 05 06 FAf R OAKS DR. O MOUNTAIN TR- j C) EXTENSION 211CUNSULTANTS.LLC THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK.'fEXgS 79664 WATER OAK 512-344.9664 PUBLIC ROW IMPROVEMENTS TBPF. F[Ryt #F-19351 November 1. 2024 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 35 i % nc r+rc�[Kv ft wn i Grr t+s+a MEICN(7.Ik f$1^at1 f�ih 1: y i Hwy 2v, Gvmgciu�,. Tomas lonascaDe prior " PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 36 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 37 :1 mAICH UNESEESHT.t rh4T {uNESEESHT. a.■R I - �j I i a IL R. ' L 7 '! ` o x I S { 7 .1 f qt' i i1J2 'iG,. �.'�: r�. ! - ��' •lam 1� � � t - A I e:4. ; THE PMERVE AT WATER OAC: F lardscroe Par- - --- - PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 38 F i - = T 4 t u �j i 1 I I 3A.r — + THE PRESERVE AT WATER OAKS MEl ih DES + Gf�1 f HKq. 29, GCprg�ipawtT�_- . landscape P+or - PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 39 - THE PRESERVE AT WATER OAKS PRESERVE ArWATER OAK PInSERVICE AND ASSESSMENT PLAN 40 "i [� •i E if r s If "l • //11 9t� t i 3 t i[ 'S "i+• c o is a t �[ a t•[ �� [ t 1iFr ` .i is 51 IqM,24b ol �Et�,jL ��l: �ti�[ �o+ft'�i• �� jijo`�•Et �sP 7�sf • � [ F sf� f ,a + � �[ [[�1 " t [ to 1 !� �: • t� � ti 7t d: 4� !+ 4 • � i i� tE ! �) r• � � j � 6 ,F i C t f ' � ( ;[ + a ems+ 4 ! i_'+� i } � 1 •sr t �: � E 4 f � t =� [ ! {i f C. "D C) w J ,� i ` if • i a �''" I it f; !; !; THE PRESERVE AT WATER OAKS rt�LJrtC� th fas [�GfiCC F _.H•wy i. uap'g�inw�, i�cr: c .s_ .- �._.<•"` *+ti. - landscape roles dotok c alculations _ ond 01111111 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 41 �• r. c... .... .. ... i... ... ...:.....r .... S $......:.. .'::..'_.I. i.: 1. _:....'-.: . n.. ::.s ., ..:'.:. ."Ft 1l tT:it t:itt 1 _......... r............. r...r..... ...... . _ .......... k � II I, ;1 I r 1 � }+}•� i� B I Ili k I s I III 1i.il�l �.. lil ..r .1 .. .. r.32.. r - L: ..l ..• .. ., l...t .m..•♦.. F r •�lNfL`_ MRMr ei1Zs: II yI—Q E G,EE .., t yE of Oil gnat I. ......... r • c .... i . .. ... �. .... ...... I � I t .. ..... .. _.... ._. :..., . ....... .. .._... .... .... .. _ it .i.iK.K. �....,. - .e C .......... _. .Y. _._..._ y , rl L,�.\l. i ,F.LrI i� C,. r: .[ k ; T i 1 t 9 ttll tHll IItY t Stan yJtitt�� Rl i9 t.1F. 1 Z. t(t ZI L`C -3 t S t. Z -t{ fLYti Silt �. ........ .. .Itl/ii s"fataAlI . ... ..¢ r. .. .. ...yy. GG ... .... . ..-.i. .. ..�] 'r% .r, . 'r rpip .' �•: •3Y.gi rJ r r .. .. � ... r. I r,. 3 t "-1E 3RESERYE AT WATERueF�vyx�?i:SIG+sG?�F NC� . ,J t d HvrY. IY. (i00F�C1Vwn. fBK05 wa n�•..w�... i � _ existing tree SLmsy PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 42 EXHIBIT 1-2 — MAP OF PRIVATE IMPROVEMENTS STATE HIGHWAY 29 � I F1 ORIGINAL SCALE 1" = 200' —PRIVATE DRIVE AISLES AND PARKING 1 (Ij .. � L.F2 a - :=r1 L 03 -TABLE _I 141r ]1Y.Yu•rn _ \9i0 n fl..tw•.n 1000 fox � �� . fYlw JResYu - � L'w N 9% ry .N.a"— 19w :IY.0 PRIVATE DRIVE n.. off.:,. ]9w AISLE AND PARKING � .+ ., n.. and F4•0^� c�so v. •c �a% 1f b[ FAIR OAKS DR. rY. olio 1f tflo x Ol Alfa. avw 3 ]u9>: O) _ Olr.e _ _ A9�/1 _I+_— 01 f„1R \aYl ] 1: OY OS Ott— avw 7 I19X OL Wn 6YJD ] 13AY 2P CONSULTANTS. LLC 203 E. MAIN STREET, SUITE 204 2 ROUND ROCK, TEXAS 78664 512-344-9664 TEIPE FIRM uF-19351 THE PRESERVE AT WATER OAK PRIVATE IMPROVEMENTS March 10, 2025 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 43 EXHIBIT J — LOT TYPE CLASSIFICATION MAP Mak � V•. C 75 15C t_ X. - Ares q - --_- C_ 1 !' CQm °cal l mercial y F N, Are- C-1 L B 1� I= c0 Qom, `. mtn r — erGal or o�;ce ; �IStriO67 l �'a4c„ ,* POTENTIAL OUTDOOR SEATING AREA. GATHERING SPACE OR PICNIC AREA The Preserve at Water Oak 203 E. ILAN STREET. SCTTE 204 O-M- Development (2 ROZ,INM ROCK. TEX4S 78664 June 18, 2020 512-344-9664 TBPE FIRM ?iF-19351 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 44 EXHIBIT K — CONDO FINAL PLAT THE PRESERVE AT WATER OAK CONDO PLAT LOCATION .MAP r = 2000 SHEET INDEX SHEET 1-2: COVER SHEETS SHEET 3: SITE PLAN SHEET 4-7: SITE DETAIL SHEET 6-25: BUL.7ING DETAILS SURVEYOR'S CERTIFICATION THE � LAT':. -TT-.. HE., HE, ET. '.T-1'. THE P.F - :•-TI E-. IREC E I '.E--n - L. � F THE TE-= : r_ NIFRM r V141 ld .-T E I TE-E L -L Ei TE - E I T -T•I _ THE PRESERVE AT WATER OAK an r 3701 HWY 29 W, V E PAGE- WN. TX 78626 a n COVER PAGE-1 C O N S U L T I N C aao �� AD SHEET -_ _ Caa fa c• -eras Nwr 6 ep ' I ' r .I p. .�u:r, -a -e-46 cn -]- --r C60q -arras con• cwnN c^ TZ OF 2 nq nrer: 5u•veya•: /+ater Rt:curcr Erp veer: wafer 5 \-11 'h al cr Enp veer: w>ti 04/II/25 •,a e1 van apes Envrcr merfa sc�erl Lana:c aoe �rcn�:ect: Pear nrr; -era: 6ca 0 sr Pre•r:: ana� Erp necr: 8 Lana Sur.r/or: Rep. No =-:713a-5a �eurv�, =•22053 1Enq� sus Ol7 258001 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN o c TIE PRESERVE AT WATER OAK CONDO PLAT LEGAL DESCRIPTION L T L I F1'.-L Lz.T OF THE REcERvE -T :;-TE 4 - c.l I I F E 'w'E T eG21088J-SI. OF THE OFFlCIAL '�HU E :S OF wiLLl='' TE BASIS OF BEARINGS C ORDINATE - E-'-I' - E -SED l.F THE TE'= ' 11NATE TE', E .T-,:L . _:' E. NAD c'.. E-:.-..H =:LT TILT I'. THE ALTEPRA CENT- -L Tl NET I -T =L-EFE-E,. E '.ET,. r -1 LEGEND E Ti LI E E- E' E'.T LI'.E - _ - I'll' — E.TI U'.E = F I —I'. H I- - ET —1'. H I - AITH - H- . . Ln•. _ _ - -1L F . -L L=TE 1' T F = U E 1 E L E= U 1 E ELE E T E = E .E -L ELE' E'.T T=1'. i E GENERAL NOTES I ALL IMPROVEMENTS ANC LAN; REFLE TE THE L-T -E DESIGNsTE) AS GENERAL COMMON ELEMENTS, SA'•:E ANC EXCEPT PORTIONS OF THE REGIME E I ,-TE L, LIMITED COMMON ELEMENT'S OR UNITS: (1) IN THE DECLARATION OF CONDOMINIUM REGIME F:3L� THE E' EE:E .AT 'EATER CAK CONDOMINIUMS (THE "DECLARATI(r," `'W 3`4 THE PLATS AND PLANS OF THE REGIME 2 OWNERSHIP ANC JSE OF CONDOMINIUM UNITS IS S E-T TC THE RIGHTS AND RESTRICTIONS CONTAINEC IN THE DECLARATION. 3 THE LNITS, UMITE) COMMON ELEMENTS ANC GENERAL COMMON ELEME1,1`-: -. E S. ' E T TO ALL SPECIAL DECLARANT RIGHTS AS SET FORTH IN SECTION 82 OC3(A),22i OF THE TE - • E T, ODE AND CERTAIN A_ATIONAL RIGHTS ANC RESERVATIONS IN FAVOR OF THE CECLARAr,T AS _ET F 'TH I'. THE _E_LAtATION. L COORDINATE: AND �3EAPINSS ARE PA`iEC UPON THE TEXAS G:: = I'.ATE SYSTEM, CE'JT- L :'ONE, NAD 83(7C" EPOCH 2O1D --TJM.-TIU.T,_: THE ALTE — CENTRAL RTKNET 'VI-T_-L 'EFERENCE NETW01-I 91HE CoNR,-. LT1 -E- -E E'.TE: 1'. THE -e1'. I -' E • '. THE .JNSP TI '. .'E'.TS ANC Pk I E ELECTRONIO FILE` aa._ A-E r.,_T ,E: -,r..- T -L .—'-.ITE _. 7.E=,cTl,,_ -r.,. VE _E,'ErT- ,q— THE PRESERVE AT WATER OAK Manhard— 3701 HWY 29 W, GEORGETOY/N. TX. 78026 bi COVER PAGE-2 C O N S U L T I N CI Paw. oo,AD sn�r _123 6 CLoga� of Term Mw ). Beep '. Ste $1p. Austin rx 78+46 on 73' 377 nSOC r'.acnare com wunuly. TZ A OF /'� Cw Engineers I Sury eyorz I Hater Resource Eeg veers water a waste 'hater Engineer: �� 04/11 /23 L L Con. ruction Man]pers E""I ron m e n to' 6c,t nt�:t: LahescaDe Architect: 1 Piarners 'eras Boom of Prote:s,onai Engineers 6 Lana Si—eyors Rag. Noc-1p193'54 fSumi.=-2L053 !Engi arjl_ 617258001 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 46 LI',E T-F,LE L _ _ -, "E L- - E Lr E a- L' E L� E 4,' 44 L8 4-, 0 100 200 aC SCALE: 1"=200' -- ---------I I-------- - - - - - - - - S.R 29 L1 2 i L,-�� L3 _ iE LL 18 i LOT 1 BLOCK •1 THE PRESERVE AT WATER OAK r Z �� DOC. NO. 2022098031 7 7� -`� I o I )''A�o i _14_ i2:1 - O _ 8 ly ? rn N 15 I 10 = I rl m wog 13 I _ �, a �I w �p I : i �a O D I 11r J! C, m II 9 ', � m C- i v I � �9--------- L$- _ FAIR OAKS DRIVE ;F'Manhard THE PRESERVE AT WATER OAK 3701 HWY 29 W. GEORGETOWN, TX 78626 ,ti SITE PLAN CONSULTING AD ;MErT �_] E ^ as fa cr 'era: Hwy. B aq fite 21C..4a:Un 7X 78146 Jan -2- ?-- efiec—arnarJ com oaFvrn tr. TZ •' OF 2 v p neer Eu•veri•: 't. ater t: e:cur:e Erq�reer: water ; ,�a:te 'hater Engineer: �� 04/11/25 3 --�:1•�[t an 4•an aq er: E'+v�rtr nerta Sc�ert L�na:t ate •.rcr�:ect: Piar le r: 6oarp �• crt •e c: in�� Erg n L L-1 _ qe: - I—.— �S��ry � _C53 iEnq atpl 1'=<'�-'0007 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 47 14 STATE HIGHWAY 29 - .. L iE L1 OLE,E L 7 L ICU L L 4 'FIE 7H 40 L E E RE I E- JNR 17 6.9r, ;C FT `1 E L 7 E E tJ� d 7 o� �. L 7 J N0 U UT '.Et9 M5 A FT. L 7 N. 0 40 80 SCALE: 1"=80' L 4 ,N- THE PRESERVE AT WATER OAK Manhard3701 HWY 29 W, GEORGETOWN, TX 78626 SITE DETAIL 1 _ CONSULTING PPa AD SHEET CaDifa� or Ceea; Mwy Bop Ste :+C. lua '%'8'36 Cn '?' ." CSCC —ar Fara com owwNm TZ Enp;neer; Su+v eYa•: 7. ater Fe:cure Er p rear: - lVAter > ea:te hater Enp�nen: �� 04/11 /25 OF -'^•:t•u [70'1 Nan]per: E'+vircr merta pert La�a:caae 1rGni:ert: P�arner; 6Ua12 rC ar PrG•e:: — Erp'1le" L Lana erer: P.ep NC=-'019i a i5 —C'_? E. PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 48 0 40 80 160 SCALE: V=80' STATE HIGHWAY 29 1 E =JMT1 _LL L EDT D NEED ILODJFT .. 0 IE TT .., [E 5T LL BE EU1-T NE-n NOT P BE BU-T ° E E `\! L E R E I E JNtT 4 E T.03a M FT U4f7 E -.250 SQ FT INOT L E NEZ, rr E.R E I E E 5c BULT U`RTT -,'M M FT 4EED N3T 5E 9J1! 79JIL7 E r_ SJILT JNIT I& E:3x Sc FT - hD NOT 5E 5JILTE:Wl THE PRESERVE AT WATER OAK a r 3701 HWY 29 SITE E DETAIL -2 TX 78626 '"IrManhhi n SITE DETAIL -2 CONSULTING AD S„E]ET 1123 S L.aa t] e+'e.*- Hw/. 6 ap ' Ste 2IC A.:V, 7X -97-E en 73- 3" OSOC rarharo cen• onxwrr a', TZ OF 2 Enq neer: Su•,e/a•c Aate, Re:cur.e Erq r_ -Vale/ a W-te ''hater En pl neer: �� (µ/11 /25 CC'+:1•u<1 Cn :']n ]der: Envircr mer to Sc�erf : ef-La,'-ca]e Architects I Manner: Nc -a �Survi. = �053 iEnq� 1-80, 61725EM01 - PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 49 IL 7 L 7 1 T L 4 MA d T SCALE: 1"=80' i Uw, "DO FT NOD N:T BE &JI_T i -- LOT 1, BLOCK 1 THE PRESERVE AT WATER OAK DOC. NO. 2022D98031 A E JNT ij c:34C.` F7 N_—'., NJT BE EULT 1 E 1 N88.34'42"W IL 4 L699.49 I L T d 4 L U 4 L 7 L L. F0 L L T TLC 7H E To \- THE PRESERVE AT WATER OAK 3701 HWY 29 W. GEORGETOWN, TX 78626 Hanhard- SITE DETAIL 3 O N S U L T 1 N C aaa as AD SHEET ^arnar] cem du'ww �• R C OF 2 =r- _ •ver ]•: 'hater Fe:cur:e Er C'reer: Wafer a &..le hater Er.pineer: wt2 04/11/25 V :r_c• �a]er: +.erfa -cerf : �a�e:cace ♦rcn�:ect: F.ar�er: - : fi.arc.; - _ a Epp �- � �a�] v - c Fey •m - - -_ - - -- - - w_c i"=8U' 617258001 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN So El - IL r E L 7 L F L 7 L L T -4 L E TO H E 0 40 so 160 SCALE: V=80' E JWT 8 15.15Z: ',Q- FT 5 0 -T NEED 40T i5lLT BE 5ALT L(wr TC 11500 M FT ON;EEDNO-T 'WILT BE EULT E JNIT I I a. 950 m FT NMD 4]T 5-= 5JILT E E L 7 E E NEED U14r-. I E.5DO M FT NEEDNOT BE WILT T BE I— IL T' L 7 m E L U 9..49' L T E L T C.M.D. L 7 L8 L THE PRESERVE AT WATER OAK Manhard 3701 HWY 29 W. GEORGETOWN. 1X 7W26 SITE DETAIL -4 C 0 N S U L T I N C AC SHEET i �23 s -:3� i ' c, -era: Hwj 8 d2 - fife 210 'U.1 I -,X 73- 2-- CrCC tard cc, c v Eng neer.' 5—ey— I hater Rescu— Erg reer- I p, ]ter & .%, �-ter Engineer: E,,,,c,,e, I � Sc,r, -!- L.3—:3— - P!rler. rc, I Erg 1--,cr- Reg 14. TZ 04/11/25 yes1-80, OF 7 12 617258001 ffftmaka� WERIL PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 51 BUILDING #4 F.R.R. . Ff 10 20 as .: 1 =20 THE PRESERVE AT WATER OAK M a n h a rd- 3701 HWY 29 W, GEORGETOWN. TX 78626 BUILDING 4 C 0 N S U L T I N C AP SKEET :aD :3 ':TeT2Z H-!, 6 Ug ' Ste 21c AU-1g, .7 x 76746 c" 13T 3-7 0500 -3lr3lj , .1" TZ OF T 12 ur "Y. e. c Hater er t, E, er & A-te hater Eng—er: 'c 'c' van alter: � Envirc—eria S—rt Ll,a-. ca De 1 t - 04 11/25 c•V� r. E,2 ne— Lan] L2 Reg N, S,r Ertg, PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 52 BUILDING #5 UNIT 5101 FT 0 10 20 40 SCALE: 1"=20' UNIT 5102 FT UNIT 5103 FT UNIT 5104 FT UNIT 5105 _1- FT, F.R.FI. . Fr THE PRESERVE AT WATER OAK . GEORGETOWN, TX 78626 Manhard- 3701 HWY 29 WBUILDING 5 C 0 N S J L T i N C AC HwJ. OP 'hater 2 1 C %.'I —1x 7V46 C� 73� 377 C500 TZ cure E, e to haler En9-11- OF 04/11/25 12 11: L. c 6earo: ors Elo lee" L.nJ PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 53 BUILDING #>6 F'-----i N UNIT 16106 i . ! -_ FT 0 10 20 40 UNIT 10105 (1.287 Sc FT:: SCALE: 1"=20' UNIT 18104 FT STAIRWELL I UNIT 16103 Fr l UNIT 16102 5- FT ) I I UNIT 16101 FT I I THE PRESERVE AT WATER OAK Hanhard3701 HWY 29 W. GEORGETOWN. TX 78626 BUILDING 16 0 N S U L T I N C FSHEET t t.3 5 mac a: m Y. B ca Ste. 210. Au:tn -u 7V46 gn ?37 377 0500 �.arhara con, cruwN a.. T7 0 OF A Civ Env veer:• 9�'v eYo 'hater Rescurce Erg reer: ! Water a W31le 'hater Engineer: Oatt 04/11/25 L C—t•Jcl en vanager: Envirc—erta SOIert : Land-530e Arc nice cts Pbrner. 'eti: ROWO It Prcte:s :ra, Erg veer' E Lana S.-e'YOr: Reg NO=-']194-=.: �S.I,i. 22Q93 Env. yct„2 1"=20' 617258001 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 54 I i BUILDING #>7 u 0 10 20 _ SCALE: 1"=20' FA.R. FT I THE PRESERVE AT WATER OAK ar 3701 HN71' 29 W. GEORGETOYJN. TX. 78626 BUILDING 17 CONSULTINGS Gaplta 0+ TeYa; mwy. 6.09 1, ate 210. Auzun i% 7V46 prt 73T 3-7 0500 ^arnarp ppmiEngineer: Su+v eyors 'Meter 14 torte Engineers Water 5 waste 'hater Engineer: C{/i1;..I:ttpnNanaiEnvlrcrmerta Sclert.: L-0-a0e Architect: Pipnner: 1a; Soarc or Pm-. an ai Erg. nee,; d Ian: 9ur.erors Reg No=-1319676a iSurvi. = 22Q53 iEng� - I 1"-2C' t) i i 258GO1 PRESERVE AT WATER OAK PID SERVICE AND ASSESSMENT PLAN 55 r BUILDING #18 L_ I sc�.L E: 1''=20' F.R.R. F, \- THE PRESERVE AT WATER OAK �- Manhard 3701 HWY 29 W, GEORGETOWN. TX. 78626 ti BUILDING 18 N 5 U L T I N G cg t Ste 21C. AU.Vn 77 7a T46 en 73T 3'7 g50C-nrnnra ccm caarrw es• T1 ♦ ^ 0 ♦ ^ .rater Fe:tur_e Erg r_ Water 3 Aa:te'hater Engineer: I L I L --ui act '.•or tiger: /=- rer-ertn Sc Iert -ra a•+a:;ooe arc nieect: I P astir: a+*t 04/11/25 'ern: Beare a1 :rc•ev onr, Erg peer 5 una =_unercr qeg •w = Eng. 1.=20• 617256001 PRESERVE AT WATER OAK PID 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 -;�=;�'$z;�t.i*�- .- "?S•, _. ...i.;. PRESERVE AT WATER OAK PID 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. 121024-6.1) 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 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 "Lied') 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 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 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. 202,1098031 O P R W CT. 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 forthe 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. 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. 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 A Location Map APPENDIX B District Boundary Map DEDICATED ROW FOR HWY29 & DECELERATION LANE STATE HIGHWAY 29 02 01 = F5 P \\\ I a - F6 \ 03 \\ e \\ 04 \\ �� •/__ Il 05 BUILDING TABLE Tag R1 _ _ Type Retail/Restaurart F tP et.% 8,950 Stories 1 1 Tota15F 8,950 R2 R3 R4 FS Restaurant Restairani R,tai/R lair-t_ Flex Uff¢e _ 4,0001 3,900 8,900 7,950 1 1 1 1 4,000 3,900 9,900 71950 7,950 F2 .Flex Office 7,950 1 F3 Flex Office 7,750 1 7,750 F4 Flex Office 9,250 1 1 9,250 F5 F6 Flex Office Flex Office 8,000 3,750 1 1 81000 3,750 F7 FS Flex Office Flex Office 11'sw 15,150 1 1 11,500 15,150 01 Office 9,950 2 17,900 02 03 Office Offce 8,950 8,950 3 2 26,850 17,900 04 05 Office Office 8,950 2 17,900 06 Offic 6,5001 2 13,000 0 100 200 0!!!" ORIGINAL SCALE 1 r' = 200' -iii-iiiiiiiiiiiiiiiiiiiiiiiiiiii� FAIR OAKS DR. O C) -I p D Z IGO V6_ —DEDICATED ROW FOR CROSS MOUNTAIN TRAIL 2P CONSULTANTS, LLC THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 WATER OAK 512-344-9664 PUBLIC IMPROVMENT DISTRICT TBPE FIRM #F-19351 December 12, 2024 N:\F'rojects\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. 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Development ROUND ROCK, TEXAS 78664 June 18, 2020 512-344-9664 TBPE FIRM #F-19351 CANS UL11 N� APPENDIX E Public Right of Way Improvements DECELERATION LANE STATE HIGHWAY 29 R1 � If o L R4 11 u 0 F1 F3 e 02 QJ F6 i 04� I• POND I ,ter e 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 L ' E -IT7 0 100 200 ORIGINAL SCALE 1"=200' THE PRESERVE AT WATER OAK PUBLIC ROW IMPROVEMENTS November 1, 2024 N:\Projects\OM Developers\W SH 29\Documents\Application and Fees\PID\Public ROW Impr.dwg APPENDIX F Water Utility Plan N:wrojectsum Developers\W SH 29\Documents\Application and Fees\PID\WATER PLAN.dwg APPENDIX G Wastewater Utility Plan s R4 ❑ (( 0 CD F 1 \ 8 I I F3 \ I � 02 \ 01 \ (�\ � � FS�, I F6 \ \ I \ \\\ 03 I � \ II \ \\ 04 05 — — — — — — — — — — — — — it 0 100 200 ORIGINAL SCALE 1"=200' a 2P CONSULTANTS, LLC THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 WATER OAK 512-344-9664 OVERALL WASTEWATER SHEET TBPE FIRM #F-19351 � June 15, 2023 �ONSUCO N:\Projects\OM Developers= SH 29\Documents\Application and Fees\PID\WASTEWATER PLAN.dwg APPENDIX H Storm Sewer Plan W E 15�1 0 100 200 STATE HIGHWAY 29 ORIGINAL SCALE 0 � — 1" = 200' R1 D a I I R2 R3 Well R4 ED F1 \ F2 �� 1 F3 / I 02 \ 1(\ O1 II -- -F5-- - I \ \ !I F6 I I F8 I \ O3 I I F7 I \\ \ \\\ I i I'r \ \ \\ 04 I POND II 05 06 i II FAIR OAKS DR. OC n DO ch 70 2P CONSULTANTS, r_.I,c THE PRESERVE AT 203 E. MAIN STREET, SUITE 204 ROUND ROCK, TEXAS 78664 WATER OAK 512-344-9664 OVERALL STORM SEWER PLAN TBPE FIRM #F-19351 November 1, 2024 N:\Projects\OM Developers\W SH 29\Documents\Application and FeesTID\STORMSEWER PLAN.dwg APPENDIX Landscaping and Signage p MATCHLINE SEE SHT. LS MATCHLINE SEE SHT. LS CD �gMENEM W m p ti c R Y yrry d Y- �i rw .Y o CCD i s CO O N % f _ - _______ ft� D -- --- -- ---- -------T `t r. - ` \ `-Y •• 1.,. 3�, j A -t t cn _ Q MATCHLINE SEE SHT. L6 O z r MATCHLINE SEE SHT. q d EF t2 3€liR I_I_g; _ila F r )f l C r i a t a l •i. _ r a,l 'n #! of rF { m. € z A M 0 i r If i` t" r s F� 3 i ai a c E aq AE ivi a. c• sS @� k��c @� �' iT i� fb° t �� ; ��a .� " iB vat '�.Hj Ai Y aA € it " � v? ;4� �3 t o f 6� .L� ,a a€ d F F A( it 11 ° 1 " ov i p5°a :f 9 a jz6ggibaF 1 LF 41, � 3 § +€i� i Ac ' Ei , gig a d C' s g F9 ' aa€S'i ; @ I J � A E yyj3�gzA9 �$C € v5 ici�€E R 1 tt� £ s o if a£ 6 @ 1 a i is! i3L i°i; 111 1S, € t SA a a` �� (• 1 i; b 9554a a j S IIlip �� I F Q �0(D 0C'C�000000 € riccJCRvcr�i YYraiCR V/1hJ MEION�ONDESIGN GROUP, INC. Iwy. 29, Georgetown, Texas IANDPUNNWG-N!X::APEARCI ni URE ape notes, details, calculations and planting schedule — d A- APPENDIX J Engineer's Opinion of Probable Cost 2P Prepared for OM Developers, LLC. Prepared By 2P Consultants, LLC The Preserve at Water Oak Item Updated Construction costs No. Unit Cost Oty. 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 $ 50,000.00 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 Headwall 42" 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 $ 182,250.00 Subtotoll $ 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 IWASTIEWATER 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 3.9 1 Single wastewater service EA $ 2,755.00 18 $ 49,590.00 Subtotal $ 580,987.00 1 of 2 3/11/2025 C21 4.0 CROSS MOUNTAIN TRAIL ACCESS (hammerhead in ROW) 4.1 Clear & Grub (ROW -ROW) SY $ 1S.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 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) (3' 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 $ 27,61S.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 $ 142,360.00 1 $ 142,360.00 Subtotal $ 1,926,660.00 Total Authorized for PUBLIC Improvements I $ 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 R1 BUILDING TABLE Tag R1 Type Retail Restaurant FntP 8950 Stories i TotalSF 8,950 R2 R3 Restaurant Restaurant 4,000 3,900 1 4,000 1 1 3,900 8,900 R4 Retail/Restaurant 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 Flex Office Flex Office 8,000 3,750 1 1 WO-DOF6 3,750 F7 F8 Flex Office Flex Office 11,500 15,150 1 1 11,500 15,150 01 Office 8,9S0 2 ! 17,9m 02 03 Office Office 8,950 9,950 3 2 26,850 17,900 04 05 Office Office 81950 8,950 2 2 17,900 17,900 06 Office 6,500 2 13,000 HIGHWAYSTATE AISLES AND PARKING %%0 „ vi61, � PRIVATE DRIVE I I - AISLE AND PARKING FAIR OAKS DR. 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' �.r 06 THE PRESERVE AT WATER OAK PRIVATE IMPROVEMENTS 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: 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]' 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]4 ,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 June 20, 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. ' 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: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]' 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment . [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF 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 Notary Public, State of Texas]' , 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 Notary Public, State of Texas]4 , 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 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 $ 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 June 20, 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 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 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: 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 s 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 0 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 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 0 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]4 , 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 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 3.13 Total 1 $ 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 June 20, 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. 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 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 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 Notary Public, State of Texas]' , 20 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 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 $ 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 June 20, 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. t To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of 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 Notary Public, State of Texas]' 920 . 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]4 120 . ° 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 j 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 1 $ 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 June 20, 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 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 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: 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]4 , 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 - 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 204,534.44 12,272.07 - 44,007.93 260,814.43 Total $ 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 June 20, 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. Exhibit B DEVELOPER LANDOWNER CONSENT CERTIFICATE This Developer Landowner Consent Certificate (this "Certificate") is issued by 3701 SH29 LLC, a Texas limited liability company ("Landowner"), as the owner of the land described on Exhibit A, attached hereto and incorporated herein for all purposes (the "Property"), within The Preserve at Water Oak Public Improvement District (the "District") created by the City of Georgetown, Texas (the "City"). Capitalized terms used herein and not otherwise defined shall have the meaning given to such terms in The Preserve at Water Pak Public Improvement District 2025 Service and Assessment Plan (as updated, amended and supplemented from time to time, the "Service and Assessment Plan") approved by an ordinance adopted by the City Council of the City (the "City Council") on [July 22, 2025], that levied the Assessments on the Assessed Properties in the District (the "Assessment Ordinance"). Landowner hereby declares and confirms that it holds record title to the Property located within the District which is subject to the Assessments levied by the City under the Assessment Ordinance. Further, Landowner hereby ratifies, declares, consents to, affirms, agrees to and confirms each of the following: • The Landowner owns the Property as of the date of this Certificate and as of the date of the Assessment Ordinance. • The right, power and authority of the City Council to adopt the Assessment Ordinance, including the attachments thereto, and to levy the Assessments against the Property. • The Public Improvements specially benefit the Property in an amount in excess of the Assessments levied on the Property as shown on the Assessment Roll. • The Assessments against the Property are final, conclusive and binding upon the Landowner, including applicable interest thereon, as and when due and payable thereunder, and subsequent purchasers of such land take their title subject to and expressly assume the terms and provisions of the Assessments. • The Assessments against the Property are a first and prior lien against the Property, superior to all other liens and claims except liens or claims for state, county, school district, or municipal ad valorem taxes. • Landowner shall pay the Assessments levied on the Assessed Property owned by such Landowner when due and in the amount required by and stated in the Assessment Ordinance and the attachments thereto. • Delinquent installments of the Assessments shall incur and accrue interest, penalties, and attorney's fees as provided in the Service and Assessment Plan and in accordance with Chapter 372 of the Texas Local Government Code (as amended, the "PID Act"). 0 The Annual Installment of the Assessments levied against the Property may be adjusted, decreased and extended in accordance with the Service and Assessment Plan and the PID Act. All notices required to be provided to the Landowner under the PID Act have been received and to the extent of any defect in such notice, Landowner hereby waives any notice requirements. Landowner consents to all actions taken by the City with respect to the creation of the District and the levy of Assessments against the Property. Landowner hereby waives any and all defects, irregularities, illegalities or deficiencies in the proceedings establishing the District, defining the Assessed Property, adopting the Assessment Ordinance, Service and Assessment Plan and the Assessment Roll, levying of the Assessments, and determining the amount of the Annual Installment of the Assessments. IN WITNESS WHEREOF, the undersigned has caused this Certificate to be executed as of jJuly 22, 2025]. 2 3701 S1429 LLB:, a Texas limited liability company By: 106A I I - Vipul Gopani, Aanaging Member THE STATE OF TEXAS COUNTY OF ill_ n/l� op-� THIS Certificate for The Preserve at Water Oak Public Improvement District is acknowledged before me on this the -- I ? day of lo l� , 2025, by Vipul Gopani, the Managing Member of 3701 SH29 LLC, a Texas limited liability company, on behalf of said entity. Notary Public, State of Texas t/pY ;;�.• `h:; ELDAM. QUIRINO =� AA(� My Notary ID # 134496883 ''.g;aF •+'` Expires August 8, 2027 AFTER RECORDING RETURN TO: Metcalfe Wolff Stuart & Williams, LLP Attn: Talley J. Williams 221 W. 6" Street, Suite 1300 Austin, Texas 78701 Exhibit A 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. Exhibit A