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HomeMy WebLinkAboutRES 081225-5.H - Accepting Petition for Creation of Heirloom Public Improvement DistrictCERTIFICATE FOR RESOLUTION NO. 081 U5 -S• W THE STATE OF TEXAS § COUNTY OF WILLIAMSON § CITY OF GEORGETOWN § We, the undersigned officers and members of the City of Georgetown, Texas (the "City"), hereby certify as follows: 1. The City Council of the City convened in REGULAR MEETING ON THE DAY OF AUGUST, 2025, (the "Meeting"), and the roll was called of the duly constituted officers and members of the City, to -wit: Josh Schroeder, Mayor Amanda Parr, Councilmember District 1 Shawn Hood, Councilmember District 2 Ben Butler, Councilmember District 3 Ron Garland, Councilmember District 4 Kevin Pitts, Councilmember District 5 Jake French, Councilmember District 6 Ben Stewart, Councilmember District 7 and all of the persons were present, except the following absentees: rL� , thus constituting a quorum. Whereupon, among other business, the following was transacted at the Meeting: a written A RESOLUTION OF THE CITY OF GEORGETOWN, TEXAS ACCEPTING A PETITION FOR CREATION OF THE HEIRLOOM PUBLIC IMPROVEMENT DISTRICT; MAKING RELATED FINDINGS; SETTING THE DATE FOR A PUBLIC HEARING UNDER SEC. 372.009 OF THE TEXAS LOCAL GOVERNMENT CODE ON THE ADVISABILITY OF THE CREATION OF THE HEIRLOOM PUBLIC IMPROVEMENT DISTRICT WITHIN THE CITY OF GEORGETOWN, TEXAS; AND PROVIDING AN EFFECTIVE DATE. was duly introduced for the consideration of the City Council. It was then duly moved and seconded that the Resolution be passed on first reading; and, after due discussion, said motion carrying with it the passage of the Resolution, prevailed and carried by the following vote: AYES: NOES: m 2. A true, full and correct copy of the Resolution passed at the Meeting described in the above and foregoing paragraphs is attached to and follows this Certificate; that the Resolution has been duly recorded in the City Council's minutes of the Meeting; that the above and foregoing paragraphs are a true, full and correct excerpt from the City Council's minutes of Georgetown I Heirloom PID I Resolution Accepting Petition Cer[ the Meeting pertaining to the passage of the Resolution; that the persons named in the above and foregoing paragraphs are the duly chosen, qualified and acting officers and members of the City Council as indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of the Meeting, and that the Resolution would be introduced and considered for passage at the Meeting, and each of the officers and members consented, in advance, to the holding of the Meetings for such purpose, and that the Meeting was open to the public and public notice of the time, place and purpose of the meeting was given, all as required by Chapter 551, Texas Government Code, as amended. 3. The Mayor of the City has approved and hereby approves the Resolution; that the Mayor and the City Secretary of the City have duly signed the Resolution; and that the Mayor and the City Secretary of the City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of the Resolution for all purposes. Georgetown I Heirloom PID I Resolution Accepting Petition Cert SIGNED AND SEALED the je clay of August, 2025. 1podsw'd� Mayor -Pro T4AV.- [CITY SEAL] Georgetown I Heirloom PID I Resolution Accepting Petition Cert SIGNED AND SEALED the lday of August, 2025. G City ecre [CITY SEAL] Georgetown I Heirloom PID I Resolution Accepting Petition Cert c yor-fro-fz4o— K,4A/V `. �W6 SIGNED AND SEALED the ]t-W—d ay of August, 2025. City Secreta [CITY SEAL] Georgetown I Heirloom PH) I Resolution Accepting Petition Cert Mayor r&T41rv\- K"�N -P\kk--'6 SIGNED AND SEALED the I2 day of August, 2025. City Secret r [CITY SEAL] Georgetown I Heirloom PID I Resolution Accepting Petition Cert e � ayor Pro Ta4V"- RESOLUTION NO. M12-5 -5. N' A RESOLUTION OF THE CITY OF GEORGETOWN, TEXAS ACCEPTING A PETITION FOR CREATION OF THE HEIRLOOM PUBLIC IMPROVEMENT DISTRICT; MAKING RELATED FINDINGS; SETTING THE DATE FOR A PUBLIC HEARING UNDER SEC. 372.009 OF THE TEXAS LOCAL GOVERNMENT CODE ON THE ADVISABILITY OF THE CREATION OF THE HEIRLOOM PUBLIC IMPROVEMENT DISTRICT WITHIN THE CITY OF GEORGETOWN, TEXAS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Georgetown, Texas (the "City") is authorized by Chapter 372, Texas Local Government Code, as amended (the "Act') to create a public improvement district within its corporate limits and its extraterritorial jurisdiction and to levy special assessments against property within the district to pay the costs of public improvement projects that confer a special benefit on property within the district; and WHEREAS, on or about July 30, 2025, Heirloom East TX, LLC, a Delaware limited liability company, Heirloom Tx, LLC, a Delaware limited liability company, and Georgetown Independent School District (collectively, the "Petitioners"), submitted and filed with the City Secretary of the City (the "City Secretary"), pursuant to the Act, a petition for the creation of the Heirloom Public Improvement District (the "Petition") requesting the establishment of a public improvement district covering approximately 618.98 acres described in Exhibit "A", attached hereto and incorporated herein for all purposes, to be known as the Heirloom Public Improvement District (the "District'); and WHEREAS, the Petitioners represents they constitute (i) the owners of taxable real property representing more than fifty percent (50%) of the appraised value of taxable real property liable for assessment under the proposal in the Petition, as determined by the current roll of the appraisal district in which the property is located and (ii) the record owners of real property that constitute more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal in the Petition; and WHEREAS, the Act states that a Petition to create a public improvement district is sufficient if signed by owners of more than fifty percent (50%) of the taxable real property, according to appraised value, and either of the following: more than fifty percent (50%) of the area of all taxable real property liable for assessment under the proposal, or more than fifty percent (50%) of all record owners of property liable for assessment; and WHEREAS, the Petitioners describe the general nature of the proposed public improvements as (i) the establishment of parks and open space, together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails, pavilions, community facilities, swimming pools, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein; (ii) landscaping; (iii) acquisition, construction, and improvement of water, wastewater and drainage facilities; (iv) acquisition, construction and Resolution No. 051 Z25 --15 • Heirloom PID — Accepting Petition; Setting Public Hearing Date improvement of streets, roadways, rights -of -way and related facilities; (v) entry monumentation and features; (vi) signage; (vii) projects similar to those listed in subsections (i) — (vi) above; and (viii) payment of costs associated with constructing and financing the public improvements listed in subparagraphs (i) — (vii) above, including costs of establishing, administering and operating the District; and WHEREAS, Petitioner estimates the cost of the proposed public improvements is $120,000,000.00 (including issuance and other financing costs) and that said cost will be recovered through an assessment against property in the District which will result in each parcel paying its fair share of the costs of public improvements based on the special benefits received by the property; and WHEREAS, the Act further requires that prior to the adoption of the resolution determining the boundaries of the District, the City Council of Georgetown, Texas (the "City Council") must hold a public hearing on the advisability of the improvements, the nature of the improvements contemplated, the estimated costs of the improvements, the boundaries of the public improvement district, the method of assessment, and the apportionment, if any, of the costs between the District and the City; and WHEREAS, in order to hold a public hearing for the creation of a public improvement district, notice must be: (i) published in a newspaper of general circulation in the City, and (ii) mailed to the address of each owner of property located in the proposed District, as reflected on the tax rolls, before the fifteenth (15th) day before the date of the hearing in accordance with the Act. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The City Council hereby approves the recitals contained in the preamble of this Resolution and finds that all the recitals are true and correct and incorporate the same in the body of this Resolution as findings of fact. SECTION 2. City staff reviewed the Petition and determined that same complied with the requirements of the Act and the City Council accepts the Petition. The Petition is filed with the office of the City Secretary and is available for public inspection. SECTION 3. The City Council calls a public hearing to be held during its regularly scheduled meeting beginning at 6:00 P.M. on August 26, 2025 at the Council and Court Building, 510 W. 9th Street, Georgetown, Texas, 78626 for the purpose of hearing public testimony on the advisability of the improvements, the nature of the improvements contemplated, the estimated costs of the improvements, the boundaries of the District, the method of assessment, and the apportionment, if any, of the costs between the District and the City. All residents and property owners within the District and the proposed boundaries, and all other persons, are hereby invited to appear in person, or by their attorney, and speak on the creation of the District. Resolution No. 09127-5 'S . Heirloom PID — Accepting Petition; Setting Public Hearing Date 2 SECTION 4. The Public Hearing may be adjourned from time to time. Upon the closing of the Public Hearing, the City Council may consider the adoption of a resolution creating the District or may defer the adoption of such a resolution for up to six (6) months. The creation of the District is within the sole discretion of the City Council. SECTION 5. The Notice of Public Hearing (the "Notice") attached hereto as Exhibit "B" is hereby adopted and approved in all respects by the City Council to provide the public notice required by and in accordance with the Act; provided that the Notice may be updated as determined necessary by the City to comply with the Act. SECTION 6. The City Council hereby authorizes, directs and approves in all respects of City staff taking and directing any and all actions necessary to comply with all requirements of the Act in (a) publishing any notice of the public hearing in a newspaper of general circulation in the City; and (b) mailing any notice of the public hearing to the owners of the property located in the proposed District as reflected on the tax rolls. SECTION 7. If any section, article, paragraph, sentence, clause, phrase or word in this resolution 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 resolution; and the City Council hereby declares it would have passed such remaining portions of the resolution despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 8. It is hereby officially found and determined that the meeting at which this Resolution was considered was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by the Texas Open Meetings Act, Chapter 551, Texas Government Code. SECTION 9. The Mayor is authorized to sign this Resolution and the City Secretary is authorized to attest. SECTION 10. This Resolution shall be in full force and effect from and after its passage, and it is accordingly so resolved. Resolution No. 0%1 Z25 - Jr• A Heirloom PID — Accepting Petition; Setting Public Hearing Date RESOLVED on this JL�' y of August, 2025. CITY OF GEORGETOWN, TEXAS By: Mayor Pry ' e- ov, Attest: By: Robyn D smore, Ci�Secretary APPROVED AS TO FORM: By: ���11,, SkyeNason, City Attorney Resolution No. ft ZZS S . } Heirloom PID — Accepting Petition; Setting Public Hearing Date 4 RESOLVED on this I S day of August, 2025. CITY OF GEORGETOWN, TEXAS s By: I. See... ep, Mayor PpTelyk- Attest: By: Robyn Dkfismore, City Secretary APPROVED AS TO FORM: By: kye ason, &ty Attorney Resolution No. 0$1%25-5- Heirloom PID — Accepting Petition; Setting Public Hearing Date RESOLVED on this l ly of August, 2025. Attest: By: ` Robyn EUnsmore, City Secretary APPROVED AS TO FORM: By: Skye ason, City Attorney CITY OF GEORGETOWN, TEXAS By: 4c; li Scltreeder, Mayor Pd-rGm- I�WWh;W6 Resolution No. ��z s -5 • N Heirloom PID — Accepting Petition; Setting Public Hearing Date RESOLVED on this YI/ (Jay of August, 2025. CITY OF YGE:OTEXAS By: JesirSehmedel Mayor :Pro 7-e'rr- Attest: By: I Robyn 06hsmore, City Secretary APPROVED AS TO FORM: By: lcye Wason, City Attorney Resolution No. 081 U5 ' �J • f'T Heirloom PID — Accepting Petition; Setting Public Hearing Date Exhibit "A" District Property Description Resolution No. Heirloom PID — Accepting Petition; Setting Public Hearing Date EARLY LAND SURVEYI N(, L ,C P.O. Box 92588, Austin, TX 78709 512-202-8631 earlysurveying.com TBPELS Firm No. 10194487 361.943 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 361.943 ACRES (APPROXIMATELY 15,766,246 SQ. FT.) IN THE CHARLES H. DELANEY SURVEY NO.11, ABSTRACT NO, 181 IN WILLIAMSON COUNTY, TEXAS, BEING ALL OF A 362.01 ACRE TRACT CONVEYED TO GVM III, LLC IN A SPECIAL WARRANTY DEED DATED JANUARY 30, 2019 AND RECORDED IN DOCUMENT NO. 2019009671 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 361.943 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 1/2" rebar found in the north right-of-way line of Ronald Reagan Boulevard (right-of-way width varies) as described in Document No. 2006073735 of the Official Public Records of Williamson County, Texas, being the southernmost southeast corner of the said 362.01 acre tract, being also the southwest corner of Lot 5, Block F, Wade Crossing Phase 1, a subdivision recorded in Cabinet T, Slide 61 of the Plat Records of Williamson County, Texas; THENCE with the north right-of-way line of Ronald Reagan Boulevard and the south line of the said 362.01 acre tract, the following thirteen (13) courses and distances: South 64021'56" West, a distance of 61.85 feet to a 1/2" rebar with "RPLS 5784" cap found; 2. With a curve to the left, having a radius of 8650.00 feet, a delta angle of 04°26'04", an arc length of 669.48 feet, and a chord which bears South 62020'34" West, a distance of 669.31 feet to a 1/2" rebar with "PBSJ" cap found; 3. North 30006'18" West, a distance of 9.99 feet to a 1/2" rebar with "PBSJ" cap found; 4. With a curve to the left, having a radius of 8670.00 feet, a delta angle of 01 028'05", an arc length of 222.14 feet, and a chord which bears South 59°23'20" West, a distance of 222.14 feet to a 1/2" rebar with "RPLS 5784" cap found; 5. South 58039'00" West, a distance of 254.37 feet to a 1/2" rebar with "PBSJ" cap found; Page 2 6. North 31°40'32" West, a distance of 9.94 feet to a 1/2" rebar with "PBSJ" cap found; 7. South 58°39'01" West, a distance of 1518.07 feet to a 1/2" rebar with "PBSJ" cap found; 8. South 31°34'30" East, a distance of 20.03 feet to a 1/2" rebar with "PBSJ" cap found; 9. South 58°39'20" West, a distance of 1706.47 feet to a 1/2" rebar with "PBSJ" cap found; 10.North 32°01'03" West, a distance of 9.97 feet to a 1/2" rebar with "PBSJ" cap found; 11. South 58°40'41" West, a distance of 382.01 feet to a 1/2" rebar with "PBSJ" cap found; 12. South 31 ° 19'19" East, a distance of 10.14 feet a cotton spindle "Early Boundary" washer set; 13.South 58°40'41" West, a distance of 42.16 feet to a 1/2" rebar with "PBSJ" cap found for the southwest corner of said 362.01 acre tract, being the southeast corner of a 523.521 acre tract described in Document No. 2022010857 of the Official Public Records of Williamson County, Texas; THENCE with the west line of said 362.01 acre tract and the east line of said 523.521 acre tract, the following six (6) courses and distances: 1. North 20051'09" West, a distance of 1031.61 feet to a 1/2" rebar found in the west side of a live oak tree; 2. North 27°20'27" West, a distance of 238.87 feet to a 1/2" rebar with illegible cap found; 3. North 20043'00" West, a distance of 451.23 feet to a 1/2" rebar with illegible cap found; 4. North 20044'15" West, a distance of 766.10 feet to a 1/2" rebar with illegible cap found; 5. North 6403815" East, a distance of 15.94 feet to 1/2" rebar found; 6. North 21003'54" West, a distance of 2128.29 feet to a 1/2" rebar with "RPLS 5784" cap found for the northwest corner of said 362.01 acre tract; Page 3 THENCE North 68°43'41" East, with the north line of the 362.01 acre tract and the south line of the 523.521 acre tract, passing a 1/2" rebar with "Bury" cap found at a distance of 729.11 feet and continuing for a total distance of 3065.64 feet to a 1/2" rebar found in the southwest right-of-way line of County Road 248, being the northeast corner of the said 362.01 acre tract, being the easternmost corner of the said 523.521 acre tract; THENCE with the west right-of-way line of County Road 248 and the east line of the said 362.01 acre tract, the following five (5) courses and distances: 1. South 64°44'40" East, a distance of 923.60 feet to a 1/2" rebar found; 2. South 40032'58" East, a distance of 91.06 feet to a 1/2" rebar found; 3. South 15030'30" East, a distance of 728.47 feet to a 6" x 6" square metal fence post; 4. South 38036'41" East, a distance of 440.03 feet to a 1/2" rebar found; 5. South 60043'49" East, a distance of 359.07 feet to a 1/2" rebar in concrete found for a southeast corner of the said 362.01 acre tract, being an angle point in the north line of Lot 36, Block F, of said Wade Crossing Phase 1, from which a 1/2" rebar found for angle point in the south right-of-way line of County Road 248, being the northeast corner of Lot 36, bears North 14044'57" East, a distance of 21.45 feet; THENCE with the common line of the said 362.01 acre tract, said Wade Crossing Phase 1 and Wade Crossing Phase II, a subdivision recorded in Cabinet V, Slide 227 of the Plat Records of Williamson County, Texas, the following ten (10) courses and distances: 1. South 68042'08" West, a distance of 700.14 feet to a 1/2" rebar with "Diamond" cap found for the northwest corner of said Lot 36, Block F, of said Wade Crossing Phase 1; 2. South 21017'04" East, a distance of 160.18 feet to a 1/2" rebar found for the southwest corner of said Lot 36, being the northwest corner of Lot 32, Block F, of said Wade Crossing Phase II; 3. South 21°02'35" East, a distance of 157.37 feet to a 1/2" rebar with illegible cap found for the northwest corner of Lot 31, Block F, of said Wade Crossing Phase II; 4. South 21'13'20" East, a distance of 231.14 feet to a 1/2" rebar with illegible cap found for the southwest corner of said Lot 31, being the northwest corner of Lot 30, Block F, of said of said Wade Crossing Phase II; Page 4 5. South 21°10'18" East, a distance of 244.21 feet to a 1/2" rebar with illegible cap found for the southwest corner of said Lot 30, being the northwest corner of Lot 29, Block F, of said Wade Crossing Phase II; 6. South 21'13'23" East, a distance of 296.63 feet to a 1/2" rebar with illegible cap found for the southwest corner of said Lot 29; 7. South 21°15'05" East, a distance of 130.36 feet to a mag nail in concrete found for the southwest corner of Lot 28, Block F, of said Wade Crossing Phase II, from which a 1/2" rebar found, bears North 1301021" East, a distance of 0.72 feet; 8. North 69015'03" East, a distance of 249.83 feet to a 1/2" rebar with illegible cap found for the southeast corner of said Lot 28, being the southwest corner of Lot 27, Block F, of said Wade Crossing Phase II; 9. North 69012'00" East, a distance of 1231.49 feet to a 1/2" rebar found for the southeast corner of Lot 9, Block F, of said Wade Crossing Phase II; 10. South 17°40'36" East, a distance of 407.67 feet to the POINT OF BEGINNING, containing an area of 361.943 acres, more or less. Surveyed on the ground on March 30, 2023 Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network. Attachments: Survey Drawing No. 1093-002-BASE i 3 CBEN Joe Ben Early, Jr. Date Registered Professional Land Surveyor State of Texas No. 6016 EAR "L AND SURVEYII PLC P.O. Box 92588, Austin, TX 78709 512-202-8631 earlysurveying.com TBPELS Firm No. 10194487 112.041 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 112.041 ACRES (APPROXIMATELY 4,880,523 SQ. FT.) IN THE C.H. DELANEY SURVEY NO. 11, ABSTRACT NO. 181 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 5, M.C. HAMILTON'S SUBDIVISION, A SUBDIVISION OF RECORD IN VOLUME 27, PAGE 137 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 113.5 ACRE TRACT CONVEYED TO EMZIE FISHER IN A DEED DATED APRIL 11, 1979 AND RECORDED IN VOLUME 756, PAGE 287 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, SAVE AND EXCEPT A 10,000 SQ. FT. TRACT DESCRIBED IN A MEMORANDUM OF PCS SITE AGREEMENT DATED APRIL 26, 2001, AND RECORDED IN DOCUMENT NO. 2001040420 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND AMENDED IN DOCUMENT NO. 2017027880 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 112.041 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a concrete highway monument found for a point of tangency in the west right-of-way line of Ranch Road 2338 (variable width right-of-way) as described in Volume 416, Page 60 of the Deed Records of Williamson County, Texas, and shown on TXDOT right-of-way strip map CSJ 2211-01-001, being in the south line of said 113.5 acre tract, same being the south line of said Lot 5, being also in the north line of a 50 acre tract described in Volume 353, Page 94 of the Deed Records of Williamson County, Texas; THENCE South 69°10'58" West, with the south line of said 113.5 acre tract, same being the south line of said Lot 5, also being the north line of said 50 acre tract, a distance of 374.52 feet to a 1/2" rebar with "Steger Bizzell" cap found for the northernmost northeast corner of Lot 1, G.I.S.D. West Side, a subdivision of record in Document No. 2018043822 of the Official Public Records of Williamson County, Texas; THENCE South 69°08'50" West, with the south line of said 113.5 acre tract, same being the south line of said Lot 5, also being the north line of said Lot 1, a distance of 1407.11 feet to a 1/2" rebar found; THENCE South 69°20'01" West, continuing with the south line of said 113.5 acre tract, same being the south line of said Lot 5, also being the north line of said Lot 1, passing Page 2 at a distance of 1659.17 feet a 1/2" rebar with "Steger Bizzell" cap found in the east right-of-way line of County Road 248 (right-of-way width varies), being the northwest corner of said Lot 1, also being the northeast corner of a 1.43 acre right-of-way dedication shown on said G.I.S.D. West Side subdivision, passing at an additional distance of 23.47 feet a 1/2" rebar with "Steger Bizzell" cap found for the northwest corner of said 1.43 acre right-of-way dedication and continuing, in all, a total distance of 1730.44 feet to a calculated point in the center of the existing pavement of County Road 248; THENCE with the centerline of the existing pavement of County Road 248, as approximated by the following courses and distances: 1. North 65057'11" West, a distance of 456.27 feet to a calculated point; 2. North 67°52'24" West, a distance of 1147.05 feet to a calculated point; 3. North 60021'36" West, a distance of 78.43 feet to a calculated point for the northwest corner of said 113.5 acre tract, being in the north line of said Lot 5; THENCE North 68°39'29" East, with the north line of said 113.5 acre tract, same being the north line of said Lot 5, a distance of 45.32 feet to a bent 1/2" rebar found in the east right-of-way line of County Road 248, being the southeast corner of a right-of-way dedication shown on West Ridge Subdivision Section One, a subdivision of record in Cabinet P, Slide 358 of the Plat Records of Williamson County, Texas, also being the southwest corner of Block B of said West Ridge Subdivision Section One; THENCE North 68°39'29" East, with the north line of said 113.5 acre tract, same being the north line of said Lot 5, and the south line of said Block B, West Ridge Subdivision Section One, and Block B, West Ridge Subdivision Section Two, a subdivision of record in Cabinet Q, Slide 82, of the Plat Records of Williamson County, Texas, and Block B, West Ridge Subdivision Section Three, a subdivision of record in Cabinet Q, Slide 84, of the Plat Records of Williamson County, Texas, and Block B, West Ridge Subdivision Section Four, a subdivision of record in Cabinet Q, Slide 311, of the Plat Records of Williamson County, Texas, a distance of 4632.80 feet to a calculated point for an angle point in the west right-of-way line of Ranch Road 2338, being the southwest corner of a 20' right-of-way dedication shown on said West Ridge Subdivision Section Four; THENCE North 68°39'29" East, with the right-of-way line of Ranch Road 2338 and the north line of said 113.5 acre tract, same being the north line of said Lot 5, passing at a distance of 18.99 feet to 1/2" rebar found, and continuing, in all, a total distance of 20.00 feet to a calculated point for an angle point in the west right-of-way line of Ranch Road 2338, from which: a concrete highway monument found for a point of tangency in the west right -of way line of Ranch Road 2338, bears North 22014'26" West, a distance of 1814.24 feet, Page 3 • a concrete highway monument found in the east right-of-way line of Ranch Road 2338, bears North 22014'26" West, a distance of 63.67 feet, and North 67°45'34" East, a distance of 80.00 feet; THENCE crossing said 113.5 acre tract with the west right-of-way line of Ranch Road 2338, the following courses and distances: 1. South 22°14'26" East, a distance of 962.43 feet to a calculated point for a point of curvature, from which a disturbed concrete highway monument found, bears South 67°45'34" West, a distance of 1.30 feet; 2. With a curve to the right, having a radius of 11419.16 feet, a delta angle of 01 °14'47", an arc length of 248.41 feet, and a chord which bears South 21 °33'43" East, a distance of 248.40 feet to the POINT OF BEGINNING, containing an area of 112.271 acres, for a net acreage of 112.041 acres of land, more or less, of which approximately 1.375 acres lies between the fence and the center of the existing pavement of County Road 248. SAVE AND EXCEPT TRACT A DESCRIPTION OF 10,000 SQ. FT. IN THE C.H. DELANEY SURVEY NO. 11, ABSTRACT NO. 181 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF LOT 5, M.C. HAMILTON'S SUBDIVISION, A SUBDIVISION OF RECORD IN VOLUME 27, PAGE 137 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 113.5 ACRE TRACT CONVEYED TO EMZIE FISHER IN A DEED DATED APRIL 11, 1979 AND RECORDED IN VOLUME 756, PAGE 287 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS AND BEING ALL OF A 10,000 SQ. FT. TRACT DESCRIBED IN A MEMORANDUM OF PCS SITE AGREEMENT DATED APRIL 26, 2001, AND RECORDED IN DOCUMENT NO. 2001040420 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND AMENDED IN DOCUMENT NO. 2017027880 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 10,000 SQ. FT. MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING at a bent 1/2" rebar found in the east right-of-way line of County Road 248, being the southeast corner of a right-of-way dedication shown on West Ridge Subdivision Section One, a subdivision of record in Cabinet P, Slide 358 of the Plat Records of Williamson County, Texas, being the southwest corner of Lot 4, Block B of the said West Ridge Subdivision Section One, being also in the north line of the said 113.5 acre tract; THENCE South 67°22'36" East, crossing the said 113.5 acre tract, a distance of 1307.76 feet to a 5/8" rebar with "Cobb Fendley Associates" cap found for THE POINT OF BEGINNING, being the apparent west corner of the said 10,000 sq. ft. tract; Page 4 THENCE continuing across the said 113.5 acre tract with the apparent perimeter of the said 10,000 sq. ft. tract, the following courses and distances: 1. North 22°37'24" East, a distance of 100.00 feet to a calculated point; 2. South 67°22'36" East, a distance of 100.00 feet to a 5/8" rebar with "Cobb Fendley Associates" cap found; 3. South 22°37'24" West, a distance of 100.00 feet to a calculated point, from which a 1/2" rebar with "Steger Bizzell" cap found in the east right-of-way line of County Road 248 (right-of-way width varies), being the northwest corner of Lot 1, G.I.S.D. West Side, a subdivision of record in Document No. 2018043822 of the Official Public Records of Williamson County, Texas, being the northeast corner of a 1.43 acre right-of-way dedication shown on the said G.I.S.D. West Side subdivision, also being in the south line of the said 113.5 acre tract bears, South 68"38'13" East, a distance of 292.54 feet; 4. North 67°22'36" West, a distance of 100.00 feet the POINT OF BEGINNING, containing 10,000 sq. ft., more or less. Surveyed on the ground on December 30, 2024. Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network. Attachments: Survey Drawing No. 1093-002-BASE-125 AC O01/02/2025 ,John ((JOHN L. Briley Date LL.BRILEY Registered Professional Land Surveyor 70�o PState of Texas No. 7070 0 s „sw °a -�� �� SUR GISD Property [See next 8 pages] BEING 98.38 acres of land, situated in the Charles H. Delaney Survey, Abstract No. 181, in Williamson County, Texas, said land being a portion of that certain tract of land, called 132.42 acres, as conveyed to Willrae Partners I, Ltd. by deed recorded as Document No. 2004067447 of the Official Records of Williamson County, Texas. Surveyed on the ground in the month of December, 2005, under the supervision of Brian F. Peterson, Registered Professional Land Surveyor, and being more particularly described as follows; BEGINNING at an iron pin found on the west line of Farm to Market Highway No. 2338, marking the most easterly Northeast corner of the above -referenced Willrae Partners I, Ltd. tract, being the occupied Southeast corner of that certain tract of land, called 50 acres, as conveyed to Emzie Lee Fisher and wife, Elzora Fisher, by deed as recorded in Volume 353, Page 94, of the Deed Records of Williamson County, Texas, for the most easterly Northeast corner hereof; THENCE, along the said west line of F.M. Highway No. 2338, being an easterly line of the said Willrae Partners I, Ltd. tract, S 20' 59' 45" E, 140.01 feet to an iron pin set for the most northerly Southeast corner hereof, THENCE, S 690 36' 15" W, 565.00 feet to an iron pin set for an interior corner hereof; THENCE, S 240 18' 15" W, 260.32 feet to an iron pin set for an interior corner hereof; THENCE, S 200 59' 45" E, 815.00 feet to an iron pin set; and S 25' 10' 15" E, 944.38 feet to an iron pin set on the north line of County Road No. 248, being the south line of the said Willrae Partners I, Ltd. tract, for the most southerly Southeast corner hereof, THENCE, along the north and east line of County Road No. 248, being the south and west line of the said Willrae Partners I, Ltd. tract, as follows; N 86' 19' 30" W, 26.23 feet to an iron pin found; N 820 15' 30" W, 120.16 feet to an iron pin found; N 69' 37' 30" W, 134.82 feet, to an iron pin found; N 65' 08' W, 230.89 feet to an iron pin found; N 68' 34' W, 207.37 feet to an iron pin found at a 10" Hackberry; N 72' 09' 30" W, 270.16 feet to an iron pin found at an 8" Hackberry; N 820 40' 45" W, 414.51 feet to an iron pin found; N 87' 18' 30" W, 789.19 feet to an iron pin found at a 4" Live Oak; N 770 36' W, 53.97 feet to an iron pin found; N 630 23' 15" W, 279.77 feet to an iron pin found; N 51' 54' 15" W, 77.46 feet to an iron pin found; N 38' 08' 30" W, 259.64 feet to an iron pin found at an 8" Live Oak; N 31' 52' 15" W, 64.78 feet to an iron pin found; N 190 53' W, 223.39 feet to an iron pin found; N 12' 48' 45" W, 198.09 feet to an iron pin found at an 8" Live Oak; N 15' 03' 15" W, 314.92 feet to an iron pin found; N 33' 51' 15" W, 73.71 feet to an iron pin found; N 44' 52' W, 48.30 feet to an iron pin found; N 57' 54' 30" W, 66.91 feet to an iron pin found; N 64' 39' W, 447.55 feet to an iron pin found and N 65' 09' W, 371.07 feet to an iron pin found for the Northwest corner of the said Willrae Partners I, Ltd. tract, being the Southwest corner of that certain tract of land, called 113.50 acres, as conveyed to Emzie Lee Fisher by deed as recorded in Volume 756, Page 287, of the Deed Records of Williamson County, Texas, for the Northwest corner hereof; Page 1 of 8 THENCE, along the south line of the said 113.50 acre Fisher tract, N 69' 20' E, 1,682.59 feet to an iron pin found marking the most northerly Northeast corner of the said Willrae Partners I, Ltd. tract, for the most northerly Northeast corner hereof; THENCE, with a fence, along an easterly line of the said Willrae Partners I, Ltd. tract, being the west line of the said 50 acre Fisher tract, as follows; S 14' 54' 15" E, 295.09 feet to a 40d nail found; S 14' 07' 45" E, 185.57 feet to a 40d nail found at a railroad tie post; S 18' 39' 15" E, 80.97 feet to a 40d nail found; S 20' 00' 45" E, 64.09 feet to a 40d nail found; S 21' 35' 45" E, 106.19 feet to a 40d nail found at a 32" Live Oak; S 20' 29' E, 280.39 feet to a 40d nail found and S 20' 59' 45" E, 141.06 feet to an iron pin found marking an interior corner of the said Willrae Partners I, Ltd. tract, being the Southwest corner of the said 50 acre Fisher tract, for an interior corner hereof; THENCE, N 690 36' 15" E, 1,841.06 feet to the Place of BEGINNING and containing 98.38 acres of land. Page 2 of 8 DESCRIPTION OF 1.63 ACRES OF LAND DESCRIPTION OF A 1.63 ACRE TRACT OF LAND LOCATED IN THE CHARLES H. DULANEY SURVEY NO. 2, ABSTRACT NO. 181, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF THAT CERTAIN CALLED 34.124 ACRE TRACT OF LAND CONVEYED TO TROOP DURGIN WRIGHT PROPERTIES, LP, BY WARRANTY DEED OF RECORD IN DOCUMENT NUMBER 2016000533, OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS (OPR), SAID 1.63 ACRE TRACT OF LAND BEING SURVEYED ON THE GROUND IN JANUARY, 2023, UNDER THE DIRECT SUPERVISION OF PATRICK J. STEVENS, RPLS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING, at a 1/2-inch Iran set with cap stamped "STEGER BIZZELL" set in the east boundary line of said 34.124 acre tract, and in the west right of way of Ranch Road 2338, a right of way of variable width of record In Volume 416, Page 60, of the deed records of Williamson County, Texas (DR), for the southeast corner and POINT OF BEGINNING of the herein described tract, from which a 1/2-Inch Iron rod with cap stamped "PBS&J" found In the west line of said Ranch Road 233B for an easterly corner of said 34.124 acre tract Iles South 20'59'34" East, a distance of 258.26 feet; THENCE, over and across said 34.124 acre tract, North 66'02'25" West, a distance of 35.33 feet to a 1/2-inch Iron set with cap stamped "STEGER BIZZELL", and South 69*58139" West, a distance of 724.89 feet to a cotton spindle set with washer stamped "STEGER BIZZELL" In the east boundary line of that certain called 98.38 acre tract of land conveyed to Georgetown independent School District by Warranty Deed of record In Document Number 2006075903, OPR, for the southwest corner of the herein described tract, from which a 1/2-Inch Iron set with cap stamped "STEGER 8127ELO In the east line of said 98.38 acre tract for a westerly corner of said 34.124 acre tract lies South 20'5938" East, a distance of 149.72 feet; THENCE, North 20'S9'38" West, a distance of 94.01 feet to a 1/2-Inch Iron set with cap stamped "STEGER BIZZELL" in the east line of said 98.38 acre tract and In the west line of said 34.124 acre tract for the northwest corner of the herein described tract; THENCE, over and across said 34.124 acre tract, North 69'58'39" East, a distance of 724.90 feet to a 1/2-Inch iron set with cap stamped "STEGER BIZZELL", and North 24'05'34" East, a distance of 35.30 feet to a 1/2-inch Iron set with cap stamped "STEGER BIZZELL" in the east line of said 34.124 acre tract, and In the west line of said Ranch Road 2338, for the northeast corner of the herein described tract; THENCE, with the east line of said 34.124 acre tract, same being the west line of said Ranch Road 2338, South 20'59'34" East, a distance of 143.90 feet to the POINT OF BEGINNING, and containing 2.63 acres of land, more or less, within these metes and bounds. Bearings are based on the Texas Coordinate System of 1983, Central Zone (NAD_83 (2011)). All distances shown hereon are grid values represented In U.S. Survey Feet. Page 3 of 8 The foregoing metes and bounds description and survey on which It Is based Is accompanied by and apart of a sketch of the subject tract. I certify that this description was prepared from an on the ground survey made In January, 2023, by me or under my supervision. Steger & Bizzell Engineering Inc. PatrickJ. evens, RP1S Texas Reg. No. 5784 1978 South Austin Avenue Georgetown, Texas 78626 (5121930-9412 TBPW Firm No. 10003700 P:\22000-22999\22923 GISD Troop 1_74ac\Survey Data\Descrlptians\22923-GISD TROOP ROW-GRID.docx Page 4 of 8 I)ESCRIPTtON OF DESCRIPTION OF A 38,53 ACRE TRACT OF LAND LOCATED IN THE C.H. DILANEY SURVEY, ABSTRACT 181, WILLIAMSON COUNTY, TEXAS, BEING OUT OF THATCCRTAIN 50 ACRE TRACT OF LAND CONVEYED TO EMZIE LEE FISHER, ET UX, BY WARRANTY DEED Of RECORD 1N VOLUME 354, PAGE 94, OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 38.53 ACRE TRACT OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: COMMENCING, at a 1/2 inch iron rod found on the west right-of-way line of RM 2338, also known as Williams Drive, an 80.00 foot wide roadway, as dedicated in Volume 416, Page 60, said Deed Records, at Its intersection with the south line of said 50 acre tract of land, for the eastern most northeast corner of that certain 98,38 acre tract of land conveyed to the Georgetown Independent School District by Warranty Deed of record in Document No. 2006075903, of the Official Public Records of Williamson County, Texas, from which point a 1/2 inch iron rod with cap stamped "5784" found on said west right-of-way line of RM 2338, for the eastern most southeast corner of said 98,38 ac tract of land, same point being the northeast corner of that certain 34.124 acre tract of land conveyed to Troop Durgin Wright Properties, LP, by Special Warranty Deed of record in Document No. 2016000533, said Official Public Records bears South 21'01'00" East, with said right-ot-way, a distance of 139.94 feet; THENCE, South 69*36"44 West, with said south line of the 50 acre tract, same line being a north line of said 98,38 acre tract, a distance of 374.52 feet to a 1/2 inch iron rod with cap stamped "STEGER BIZZELL" set for the southeast corner and POINT OF BEGINNING of the herein described tract; THENCE, South 69m36'44" West, continuing with the common line of the 5o acre tract and the 98.38 acre tract, a distance of 1466,64 feet, to a 1/2 inch iron rod found for the southwest corner of said 50 acre tract, same point being an interior corner of said 98.38 acre tract of land, and for the southwest corner of the herein described tract; THENCE, with the west line of said 50 acre tract, same line being an east fine of said 98,38 acre tract, the following seven (7) courses and distances: 1. North 2W59'16" West, a distance of 141.M feet, to a 1/2 inch iron rod with cap stamped "STEGER BIZZELL" set; 2. North 20"29'49" West, a distance of 280.19 feet to a 40d nail in a fence post found; 3. North 21033'45" West, a distance of 106.02 feet, to a 40d nail in a fence {cost found, 4. North 20"04'23" West, a distance of 64.17 feet, to a 40d nail In a fence post found; Page 5 of 8 5. North 18`37'34" West, a distance of 80.98 feet, to a 1/2 inch iron rod with cap stamped "STEGER BIZZELL" set; 6. North 14"06'04" West, a distance of 185.59 feet, to a 40d nail In a f ,r < e post found; 7. North 14"53'55" West, a distance of 295.09 feet, to a 112 inch iron r (-i found on the south fine of that certain 113.S acre tract of land Lonveycd to Emzie Lee Fisher by deed of record in Volume 756, Page 287, said Deod Reccirds, for the northwest corner of said 50 acre tract, same point being the northern most northeast corner of said 98.38 acre tract of land, and for the northwest corner of the herein descrlbed tract; THENCE, North 69°09'19" East, with the north line of said 50 acre tract, same line being said south line of the 113.5 acre tract of land, a distance of 1407.10 feet, to a /2 inch iron rod with cap stamped "STEGER BIZZELL" set for the northeast corner of the herein described tract, from which point a Texas Department of Transportation concrete monument with brass disc (TxDOT Type II) found on said west right-of-way line of RM 2338, bears North 69`09'19' East, a distance of 374,50 feet; THENCE, South 20"59'55" East, severing said 50 acre tract, a distance of 1161,85 feet, to the POINT OF BEGINNING, and cont„ining 38,53 acres of bind, more or less, within these metes and bounds. Bearings are based on the Texas Coordinate System of 1983, Central Zone (NAD 83 (2oll)j. All distances shown hereon are surface values. represented in U.S. Survey Feet based on a Grid -to -Surface Combined Adjustment Factor of 1,00015. The forgoing metes and bounds description and survey on which it is based is accompanied by and a part of survey map of the subject tract. I certify that this description was prepared from a survey made on the ground in/on June and July 2017, under my supervision. Steger & Bizzell Fngineenn Inc. - hN- 613 Tr Miguel A. Escobar, LSLS, RPLS 41,60EL ANGELSCpBAq Texas Reg, No. 5630 A9 5630......... r 1978 South Austin Avenue tnc:: °.e���M!_' J4 Georgetown, Texas 78626 (512) 930-9412 TBPLS Firm No, 10003700 P;\22000-22M%22534-GJSD_Fisherlsurvey Qua`Descrlptoons`22534•m&"15D Fisher Tract docx Page 6 of 8 ff E RXlllio7ad ! r37a S A)is-lirnw1 Gecrca-vtoar'i, rx, ; 86eT,, EARLY LAND SURVEYING, LLC P.O. Box 92588, Austin, TX 78709 512.202-8631 earlysurveying.com TBPELS Firm No. 10194487 10.001 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 10.001 ACRES (APPROXIMATELY 435,639 SQ FT.) IN THE C,H, DELANEY SURVEY NO. 11, ABSTRACT NO. 181 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 50 ACRE TRACT CONVEYED TO EMZIE AND ELZORA FISHER IN A WARRANTY DEED DATED NOVEMBER 5, 1948 AND RECORDED IN VOLUME 353, PAGE 94 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS, SAID 10.001 ACRES BEING MORE PAID I IGULARLY DES(.:RIBEU BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a concrete highway monument found for a point of tangency in the west right-of-way line of Ranch Road 2338 (variable width right-of-way) as described in Volume 416, Page 60 of the Deed Records of Williamson County, Texas, and shown on TXDOT right-of-way strip map CSJ 2211-01-M, being in the north line of said 50 acre tract, also being in the south line of a 113.5 acre tract described in Volume 756, Page 287 of the Deed Records of Williamson County, Texas, same being the south line of Lot 5 of M.C. Hamilton's Subdivision, a subdivision of record In Volume 27, Page 137 of the Deed Records of Williamson County, Texas, from which a concrete highway monument found in the east right-of-way line of Ranch Road 2338, bears North 69°31'35" fast, a distance of 80.00 feet; THENCE South 20"59'36" East, with the west right-of-way line of Ranch Road 2338, crossing said 50 acre tract, a distance of 1164.60 feet to a 112" rebar with "Early Boundary' cap set for an angle point in the west right-of-way line of Ranch Road 2338, being in the south line of said 50 acre tract, being the northeast corner of a 3,840 sq. ft. right-of-way dedication shown on the GJ.S.D West Side, a subdivision of record in Document No. 2018043822 of the Official Public Records of Williamson County, Texas, from which a 1/2" rebar with "Steger Bizzell" cap found for the southeast corner of said 3,848 sq. ft. right-of-way dedication, bears South 20'59'36" East, a distance of 139.94 feet; THENCE South 69°37'24" West, with the right-of-way line of Ranch Road 2338, same being the north line of said 3,848 sq. ft_ right-of-way dedication, also being the south line of said 50 acre tract, a distance of 27.50 feet to a 1/2" rebar with "Early Boundary" cap set for the easternmost northeast corner of Lot 1, Block A of said G.I.S_D. West Slde, being the northwest corner of sald 3,848 sq. ft. right-of-way dedication; Page 7 of 8 Page 2 THENCE South 69°37'24" West, with the south line of said 50 acre tract and a north line of said Lot 1, a distance of 347.07 feet to a 112" rebar with "Steger Bizzell" cap found for an interior corner of said Lot 1; THENCE North 20°59'31" West, crossing said 50 acre tract with an east line of said Lot 1, a distance of 1161.72 feet to a 112" rebar with "Steger Blzzell" cap found in the north line of said 50 acre tract, being the northernmost northeast corner of said Lot 1, being also in the south line of said 113.5 acre tract, same being the south line of said Lot 5; THENCE North 69010'58" East, with the north line of said 50 acre tract, and the south line of said 113.5 acre tract, same being the south line of said Lot 51 a distance of 374.52 feet to the POINT OF BEGINNING, containing an area of 10.001 acres, more or less. Surveyed on the ground on August 28, 2024 Bearing Basis. The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network. Attachments: Survey Drawing No. 1093-002-125AC B - of 50 -7—�� t~ ,Qr,... r P John L_ Brile Date ° Registered Professional Land Surveyor \ JOWNWLBRN,Ey State of Texas No. 7070 Page 8 of 8 Exhibit "B" Notice of Public Hearing Resolution No. Heirloom PID — Accepting Petition; Setting Public Hearing Date CITY OF GEORGETOWN, TEXAS NOTICE OF PUBLIC HEARING REGARDING THE CREATION OF THE HEIRLOOM PUBLIC IMPROVEMENT DISTRICT Notice is hereby given that the City Council of the City of Georgetown, Texas will conduct a public hearing on August 26, 2025, during the regular City Council meeting commencing at 6:00 P.M. in the Council and Court Building, 510 W. 9th Street, Georgetown, Texas, 78626. Information about how to participate in the public hearing is given below. The purpose of the public hearing is to receive public comments for or against the creation of a public improvement district on approximately 618.98 acres of land generally located North of Ronald Reagan and West of Williams Drive (the "Land") per the petition submitted by the owners of the Land, GEORGETOWN INDEPENDENT SCHOOL DISTRICT, a political subdivision of the State of Texas ("GISD"), HEIRLOOM EAST TX, LLC, a Delaware limited liability company ("Heirloom East") and HEIRLOOMTX, LLC, a Delaware limited liability company ("Heirloom TV). ("Owners") requesting creation of a public improvement district over the Land to be known as "The Heirloom Public Improvement District" (the "District"). The location and boundaries of the Land and the proposed District are shown in the sketch below. Time and Place of the Hearine. The public hearing will be held on August 26, 2025, during the regular meeting of the Georgetown City Council, which commences at 6:00 P.M., and will be held in the Council and Court Building, 510 W. 9th Street, Georgetown, Texas, 78626. General Nature of the Proposed Public Improvements. The general nature of the proposed public improvements to be financed with assessments on property within the District are: (i) the establishment of parks and open space, together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails, pavilions, community facilities, swimming pools, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein; (ii) landscaping; (iii) acquisition, construction, and improvement of water, wastewater and drainage facilities; (iv) acquisition, construction and improvement of streets, roadways, rights -of -way and related facilities; (v) entry monumentation and features; (vi) signage; (vii) projects similar to those listed in subsections (i) — (vi) above; and (viii) payment of costs associated with constructing and financing the public improvements listed in subparagraphs (i) — (vii) above, including costs of establishing, administering and operating the District. Estimated Cost of the Authorized Improvements. The estimated cost to design, acquire, and construct the proposed public improvements is $120,000,000.00 (including issuance and other financing costs). Proposed Boundaries of the District. The District is proposed to include the "Land," which is more particularly described and depicted below. Proposed Method of Assessment. An assessment methodology will be prepared that will address: (i) how the costs of the public improvements to be financed with the assessments are assessed against property in the District; (ii) the amount of assessments to be collected each year; and (iii) possible reduction of the assessments for costs savings (pursuant to the annual review of the service plan for the District). Additionally, a report will be prepared showing the special benefits accruing to the property in the District and how the costs of the public improvements are assessed to property on the basis of special benefits. The result will be that equal shares of the costs will be imposed on property similarly benefited, with each parcel paying its fair share of the costs of the public improvements, and with the assessments based on the special benefits received by the Land from the public improvements. The assessments may be paid in full at any time (including interest and debt), and certain assessments may be paid in annual installments (including interest and debt). The installments must be paid in amounts necessary to meet annual costs for the financing of the public improvements and must continue for a period necessary to retire the indebtedness on the public improvements. Proposed Apportionment of Cost between the District and the City. Approval and creation of the District will not obligate the City to provide any funds to finance the proposed public improvements. Municipal property in the District, if any, shall not be assessed. It is not intended for property in the District owned by GISD to be assessed. All of the costs of the proposed public improvements will be paid by assessments of the property within the District, and from other sources of funds, in any, available to the Owner. How to Participate in the Public Hearing: During the public hearing, any interested person may speak for or against the establishment of the District and the advisability of the improvements to be made for the benefit of the Land. The agenda for the City Council meeting will be available on-line at littps://georgetowntexas.gov/povernment/city councilhneeting agendas/index.php. The protocols for speaking at the public hearing are available here: littps:Hp,eori,,etom,ntcxas.gov/government/city council/meeting agendas/speak php :Wr 666� t / t� 1~ •� � tP I�•r Georgetown .r. City Limits •rr•�w _,�, u Y c�YCQ. t t