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Home My WebLink AboutORD 2026-26 - Bluffview PID Series 2026 Assessment2026040279 Total Pages: 128 ■III All1Lk�';' ��Kr�k�''� I�F��«''ti �L��h��'� 11111 ORDINANCE NO.20 A& —;Z(. AN ORDINANCE LEVYING SPECIAL ASSESSMENTS FOR, AND APPORTIONING THE COSTS OF, CERTAIN IMPROVEMENTS TO PROPERTY IN AND FOR THE BLUFFVIEW PUBLIC IMPROVEMENT DISTRICT IMPROVEMENT AREA #1; FIXING A CHARGE AND LIEN AGAINST ALL PROPERTIES WITHIN IMPROVEMENT AREA #1 OF 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 the Public Improvement District Assessment Act, Chapter 372 of the Texas Local Government Code, as amended (the "PID 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") on December 28, 2021 (the "Petition") pursuant to the PID Act, requesting the creation of a public improvement district to be located within the corporate limits of the City to be known as Bluffview 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 PID Act that are necessary for development of the District, which public improvements will include, but not be limited to, streets, roadway construction, water, wastewater, and drainage facilities and improvements, parkland improvements and other improvement projects; 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 March 22, 2022 after due notice, the City Council of the City (the "City Council') 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 PID Act and on March 22, 2022 the City Council made the findings required by Section 372.009(b) of the PID Act and, by Resolution No. 032222-AA (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 Ordinance Number: Page 1 of 8 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: WHEREAS, following the adoption of the Creation Resolution, the City filed a copy of the Creation Resolution with the County Clerk of Williamson County, Texas; and 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 recording of the Creation Resolution; and WHEREAS, the District is expected to be developed in phases beginning with an area designated as "Improvement Area #1" within the District, which is comprised of approximately 28.949 acres located within the District ("Improvement Area #1") and wholly located within Williamson County, Texas; and WHEREAS, pursuant to the PID Act, the proposed "Improvement Area #1 Assessment Roll" and Service and Assessment Plan (as defined herein) were filed with the City Secretary; and WHEREAS, pursuant to Section 372.016(b) of the PID Act, the statutory notice of a public hearing to be held by the City Council on May 12, 2026 was published on April 29, 2026, in The Williamson County Sun, a newspaper of general circulation in the City, advising that the City Council would consider the levy of the proposed assessments (the "Improvement Area #1 Assessments") on real property within Improvement Area #1 of the District; and WHEREAS, the City Secretary, pursuant to Section 372.016(c) of the PID Act, mailed notice of the public hearing to consider the proposed Improvement Area #1 Assessment Roll and the Service and Assessment Plan and the levy of the Improvement Area #1 Assessments on property within Improvement Area #1 of the District to the addresses of record at the Williamson Central Appraisal District, such addresses being the last known addresses of the owners of the property liable for the Improvement Area #1 Assessments; and WHEREAS, after notice was provided as required by the PID Act, the City Council on May 12, 2026, held a public hearing to consider the levy of the proposed Improvement Area #1 Assessments on property within Improvement Area #1 of the District, at which any and all persons who appeared, or requested to appear, in person or by their attorney, were given the opportunity to contend for or contest the Improvement Area #1 Assessment Roll, and the proposed Improvement Area #1 Assessments, and to offer testimony pertinent to any issue presented on the amount of the Improvement Area #1 Assessments, the allocation of the 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 Improvement Area #1 of the District (the "Improvement Area #1 Improvements") and Improvements Area #1's allocable share of the authorized improvements to be undertaken for the benefit of all property in the entire District (collectively, the "Improvement Area #1 Projects"), the purposes of the Improvement Area #1 Assessments, the special benefits of the Improvement Area #1 Authorized Improvements (as defined in the Service and Assessment Plan), and the penalties and interest on annual installments and on delinquent annual installments of the Improvement Area #1 Assessments; and Ordinance Number: Page 2 of 8 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: WHEREAS, the City Council finds and determines that the Bluffview Public Improvement District Service and Assessment Plan, which includes the Improvement Area #1 Assessment Roll, in a form substantially similar to the attached I,kfli1)it 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 Improvement Area # 1 Assessments should be levied as provided in this Ordinance, the Service and Assessment Plan, and the Improvement Area #1 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 Improvement Area #1 Authorized Improvements as described in the Service and Assessment Plan, the Improvement Area #1 Assessment Roll, or the levy of the Improvement Area #1 Assessments; and WHEREAS, in connection with the levy of the Improvement Area #1 Assessments, concurrently herewith, the owners (the "Landowners") of the privately -owned and taxable property located within Improvement Area #1 will execute a landowner certificate, wherein the Landowners, among other things, approve and accept this Ordinance and the Service and Assessment Plan, including the Improvement Area #1 Assessment Roll, consents to and accepts the levy of the Improvement Area # 1 Assessments against their property located within the District and agree to pay the Improvement Area #1 Assessments; and WHEREAS, the City Council closed the public hearing on May 12, 2026, 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 PID 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 Ordinance Number: Page 3 of 8 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: plan and assessment plan for Improvement Area #1 within 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 Improvement Area #1 Authorized Improvements described in the preamble of this Ordinance and in the Service and Assessment Plan include the Improvement Area #1 Improvements, Improvement Area #1's allocable share of the Major Improvements, Bond Issuance Costs, and First Year Annual Collection Costs (each as defined in the Service and Assessment Plan) (collectively, the "Improvement Area #1 Authorized Improvements"). The Improvement Area #1 Improvements benefit and serve all of the property within Improvement Area #1 of the District and are set forth in Section III of the Service and Assessment Plan. 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. Section 5. The City Council hereby finds and determines upon the evidence presented in reference to the property located within Improvement Area #1 of the District that: (i) the enhancement and value to accrue to Improvement Area #1 of the District and the real and true owner or owners thereof by virtue of construction of the Improvement Area #1 Authorized Improvements will be equal to or in excess of the amount of the cost of the proposed Improvement Area #1 Authorized Improvements; (ii) that the apportionment of the costs of the Improvement Area #1 Authorized Improvements and the Improvement Area #1 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 shares of the cost of the Improvement Area #1 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 Improvement Area #1 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 Improvement Area #1 Authorized Improvements and Improvement Area #1 Assessments are in all respects regular, proper, and valid; and (v) all prerequisites to the fixing of the assessment liens against the properties within Improvement Area #1 of 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 PID Act and the proceedings of the City Council. The cost of said Improvement Area #1 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 Improvement Area #1 of 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. Ordinance Number: Page 4 of 8 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: Section 7. The sums assessed against property located within Improvement Area #1 of 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 Improvement Area #1 Assessment Roll attached as 1 xfiibit F to the Service and Assessment Plan. Section R. (a) The levy of the Improvement Area #1 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 Improvement Area # 1 Authorized Improvements to be assessed against the property within Improvement Area #1 of the District, shall be as set forth in the Service and Assessment Plan. (c) Improvement Area #1 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. (d) Each Improvement Area #1 Assessment may be paid in a lump sum or may be paid in Annual Installments pursuant to the terms of the Service and Assessment Plan. (e) Each Improvement Area #1 Assessment shall accrue and bear interest at the rate or rates specified in the Service and Assessment Plan. (f) 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. (g) Improvement Area #1 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 Improvement Area #1 Authorized Improvements, including debt service on obligations issued to pay the costs of the Improvement Area #1 Authorized Improvements, and the establishment of each such fund is hereby approved. (h) 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 Ordinance Number: Page 5 of 8 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: 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 PID 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 Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This Ordinance shall take effect immediately from and after its adoption and it is accordingly so ordained in accordance with the provisions of the City Charter of the City of Georgetown. Section 12. The City Secretary is directed to cause a copy of this Ordinance, including the Service and Assessment Plan and/or the Improvement Area #1 Assessment Roll, to be filed with the Williamson County Clerk and posted on the City's website, 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 13. (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 Improvement Area #1 Assessments (the "Collector"). The Collector shall serve in such capacity unless and until replaced by subsequent action of the City Council. [Remainder of Page Left Blank Intentionally] Ordinance Number: Page 6 of 8 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: PASSED AND APPROVED on First Reading on the 28th day of April, 2026. PASSED, APPROVED, AND ADOPTED on Second Reading on the 12th day of May, 2026. ATTES : Robyn DeWmore, City Secretary APPROVED AS TO FORM: kye -ssonLCity Attorney Ordinance Number: Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: J THE )CITY OF GEORGETOWN: Schroeder, Mayor Page 7 of 8 EXHIBIT A BLUFFVIEW PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN Ordinance Number: Page A-1 Subject: Bluffview PID Series 2026 Assessment Ord. Date Approved: B-luffview Public Impraver'nent District MAY 12, 2026 TABLE OF CONTENTS Tableof Contents............................................................................................................................ 1 Introduction.................................................................................................................................... 3 SectionI: Definitions.......................................................................................................................4 Section11: The District................................................................................................................... 11 Section III: Authorized Improvements.......................................................................................... 11 SectionIV: Service Plan................................................................................................................. 14 Section V: Assessment Plan.......................................................................................................... 15 Section VI: Terms of the Assessments.......................................................................................... 17 Section VII: Assessment Roll......................................................................................................... 22 Section Vill: Additional Provisions................................................................................................ 22 Exhibitsand Appendices............................................................................................................... 25 Exhibit A-1— District Legal Description......................................................................................... 26 Exhibit A-2 — Improvement Area #1 Legal Description................................................................. 30 Exhibit B-1— District Boundary Map............................................................................................. 37 Exhibit B-2 — Improvement Area #1 Boundary Map..................................................................... 38 Exhibit C-1— Authorized Improvements....................................................................................... 39 Exhibit C-2 — Apportionment of Major Improvements................................................................. 40 Exhibit D — Service Plan — Five Year Plan...................................................................................... 41 Exhibit E — Service Plan — Sources and Uses................................................................................. 42 Exhibit F — Improvement Area #1 Assessment Roll...................................................................... 43 Exhibit G — Improvement Area #1 Annual Installments............................................................... 46 Exhibit H — Maximum Assessment per Lot Type........................................................................... 47 Exhibit I — Maps of Authorized Improvements............................................................................. 48 Exhibit J — Lot Type Classification Map......................................................................................... 55 Exhibit K — Notice of PID Assessment Termination...................................................................... 56 Exhibit L — Bluffview Final Plat...................................................................................................... 59 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 1 Exhibit M — Buyer Disclosures....................................................................................................... 67 Improvement Area #1 Lot Type 1 Buyer Disclosure..................................................................... 68 Improvement Area #1 Lot Type 2 Buyer Disclosure ................. Improvement Area #1 Lot Type 3 Buyer Disclosure .................. 74 Ell Appendix A — Engineer's Report................................................................................................... 86 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN INTRODUCTION Capitalized terms used in this Service and Assessment Plan shall have the meanings given to them in Section I unless otherwise defined in this Service and Assessment Plan or unless the context in which a term is used clearly requires a different meaning. Unless otherwise defined, a reference to a "Section" or an "Exhibit" shall be a reference to a Section of this Service and Assessment Plan or an Exhibit attached to and made a part of this Service and Assessment Plan for all purposes. On March 22, 2022, the City passed and approved Resolution No. 032222-AA, authorizing the creation of the District in accordance with the PID Act, immediately and Creation Resolution was recorded with the County Clerk of Williamson County, Texas, as required by the PID Act. The purpose of the District is to finance the Actual Costs of the Authorized Improvements for the benefit of property within the District. The District contains approximately 68.080 acres within the corporate limits of the City, as described legally by metes and bounds on Exhibit A-1 and as depicted by the map on Exhibit B-1. On May 9, 2023, the City Council passed and approved the Development and Authorized Improvements Agreement, the PID Financing and Reimbursement Agreement, and the PUD Ordinance, governing the development of the land in in the District and financing of the project. On November 18, 2025, a Final Plat for the District was filed in the Official Public Records of Williamson County, Texas as Document No. 2025091318. The PID Act requires a service plan covering a period of at least five years and defining the annual indebtedness and projected cost of the Authorized Improvements. The Service Plan is contained in Section IV. 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 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 Improvement Area #1 Assessment Roll is contained in Exhibit F. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN SECTION I: DEFINITIONS "Actual Costs" mean, with respect to Authorized Improvements, the actual costs paid or incurred by or on behalf of the Developer 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. "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. "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 District, including continuing disclosure requirements; and (8) the paying agent/registrar and BLLIFFVIEw PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 4 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, as 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 -Benefited Property. "Assessment" means an assessment levied against a Parcel and 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" means an ordinance adopted by the City Council in accordance with the PID Act that approves the Service and Assessment Plan and levies the Assessment on all or a portion of the Assessed Property within the District, as shown on any 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 any Assessment Roll approved by an Assessment Ordinance that levies Assessments on property within the District, as updated, modified or amended from time to time in accordance with the procedures set forth herein, and in the PID Act including the Improvement Area #1 Assessment Roll. "Authorized Improvements" means improvements authorized by Section 372.003 of the PID Act. "Bluffview Final Plat" means the final plat that was recorded as Document No. 2025091318 on November 18, 2025 in the Official Public Records of Williamson County, Texas, and attached as Exhibit L. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 5 "Bond Issuance Costs" mean the costs associated with issuing PID Bonds, if issued, including but not limited to attorney fees, financial advisoryfees, consultant fees, appraisal fees, printing costs, publication costs, City costs, capitalized interest, 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. "City" means the City of Georgetown, Texas. "City Council" means the governing body of the City. "County" means Williamson County, Texas. "Creation Resolution" means Resolution No. 032222-AA, approved by the City Council on March 22, 2022, which authorized the creation of the District. "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 SAP, including costs and expenses to foreclose liens. "Developer" means Lamy 2243 Ltd., a Texas limited partnership. "Development and Authorized Improvements Agreement" means that certain "Development and Authorized Improvements Agreement between the City of Georgetown and the Developer and A.C. Weir Properties, Ltd (Bluffview Subdivision)" dated to be effective on May 9, 2023 and recorded in the Official Public Records of Williamson County, Texas as Document No. 2023038101. "District" means the approximately 68.080 acres within the corporate limits of the City, as described legally by metes and bounds on Exhibit A-1 and as depicted by the map on Exhibit B- 1. "District Formation Expenses" means costs incurred creating the District, including attorney fees, consultant fees, and other fees and expenses related to the formation of the District and the levy of Assessments. "Estimated Buildout Value" means the estimated buildout value of an Assessed Property at the time Assessments are levied, and shall be 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. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 6 "First Year Annual Collection Costs" means the estimated Annual Collection Costs for the first year following the levy of Assessments. "Future Improvement Area" means approximately 39.131 acres located within the District and developed as an individual phase after Improvement Area #1, with such area(s) to be described and designated in future Annual Service Plan Updates. The Future Improvement Area includes all property within the District except Improvement Area #1. "Future Improvement Area Bonds" mean bonds issued to fund Future Improvement Area Improvements and the Future Improvement Area's allocable share of the Major Improvements (or a portion thereof) that are secured by Assessments levied on Assessed Property within the Future Improvement Area. "Future Improvement Area Improvements" mean those Authorized Improvements which will confer a special benefit solely on the related Future Improvement Area. "Improvement Area #1" means approximately 28.949 acres located within the District, as shown on Exhibit B-2 and more specifically described in Exhibit A-2. "Improvement Area #1 Annual Installment" means the annual installment payment of the Improvement Area #1 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. "Improvement Area #1 Assessed Property" means any Parcel within Improvement Area #1 against which an Improvement Area #1 Assessment is levied. "Improvement Area #1 Assessment" means $4,565,000.00 in Assessments levied against the Improvement Area #1 Assessed Property and imposed pursuant to an Assessment Ordinance, as shown on the Improvement Area #1 Assessment Roll, subject to reallocation upon the subdivision of such Parcel or reduction according to the provisions herein and in the PID Act. "Improvement Area #1 Assessment Roll" means the assessment roll for the Improvement Area #1 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 or in connection with any Annual Service Plan Update. "Improvement Area #1 Authorized Improvements" means, collectively, the Improvement Area #1 Projects, the First Year Annual Collection Costs allocable to Improvement Area #1, and the Bond Issuance Costs related to the Improvement Area #1 Bonds. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 7 "Improvement Area #1 Bonds" means those certain "City of Georgetown, Texas, Special Assessment Revenue Bonds, Series 2026 (Bluffview Public Improvement District Improvement Area #1 Project)", that are payable as provided in the Indenture relating to such bonds. "Improvement Area #1 Improvements" mean Authorized Improvements which only benefit Improvement Area #1 Assessed Property as described in Section III and as shown on Exhibit I. "Improvement Area #1 Projects" mean the Improvement Area #1 Improvements and Improvement Area #1's allocable share of the Major Improvements. "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. "Landowner Certificate" means any Landowner certificate executed by the Landowners consenting to the levy of the Assessments, dated , 2026, as may be further amended. "Landowners" means KL LB Buy 4, LLC, a Delaware limited liability company, and any additional property owners within Improvement Area #1 at the time the Assessment Ordinance levying the Improvement Area #1 Assessments is adopted by the City Council. "Lot" means (1) for any portion of the District for which a subdivision plat has been recorded in the official public records of the County, a tract of land described as a "lot" in such subdivision plat, and (2) for any portion of the District for which a subdivision plat has not been recorded in the official public records of the County, a tract of land anticipated to be described as a "lot" in a final recorded subdivision plat as shown on a concept plan or preliminary plat. "Lot Type" means a classification of final building Lots with similar characteristics (e.g. lot size, home product, buildout value, etc.), as determined by the Administrator and confirmed and approved by the City Council. In the case of single-family residential Lots, the Lot Type is further defined by classifying the residential Lots by the Estimated Buildout Value of the Lot as calculated by the Administrator and confirmed and approved by the City Council. "Lot Type 1" means a Lot designated as a 50' residential lot within Improvement Area #1 by the Developer, as shown on the map attached as Exhibit J. "Lot Type 2" means a Lot designated as a 60' residential lot within Improvement Area #1 by the Developer, as shown on the map attached as Exhibit J. "Lot Type 3" means a Lot designated as a 60' "Bluffs" residential lot within Improvement Area #1 by the Developer, as shown on the map attached as Exhibit J. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 8 "Major Improvements" mean improvements authorized by Section 372.003 of the PID Act that confer a special benefit to the Assessed Property within the District and the Future Improvement Area and are eligible to be repaid with Assessments. These improvements are specifically described in Section III.A and are shown on Exhibit I. "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 -Benefited Property" means Parcels within the boundaries of the District that accrue no special benefit from Authorized Improvements as determined by the City Council. "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 Financing and Reimbursement Agreement" means that certain "PID Financing and Reimbursement Agreement Bluffview Public Improvement District between the City of Georgetown, Texas and the Developer, dated to be effective on May 9, 2023 and recorded in the Official Public Records of Williamson County, Texas as Document No. 20230831012. "PID Bonds" mean any bonds issued in accordance with the PID Act, if applicable, that are secured by Assessments. "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" mean interest, including Additional Interest (if applicable), and Annual Collection Costs incurred up to the date of Prepayment. "PUD Ordinance" means City of Georgetown Ordinance 2023-29 (May 9, 2023) governing development of the land in the District. "Service and Assessment Plan" or "SAP" means this Service and Assessment Plan as it may be modified, amended, supplemented, and updated from time to time. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 9 "Service Plan" covers a period of at least five years and defines the annual indebtedness and projected costs of the Authorized Improvements, more specifically described in Section IV. "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. "Trustee" means the trustee (or successor trustee) under an Indenture. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 10 SECTION II: THE DISTRICT The District includes approximately 68.080 acres within the corporate limits of the City, as described legally by metes and bounds on Exhibit A-1 and as depicted by the map on Exhibit B- 1. Development of the District is anticipated to include 105 single-family homes and 181 multifamily developments as well as associated rights -of -way, landscaping, and infrastructure necessary to provide roadways, transportation -related drainage, and utilities to property within the District. Development of the land within the District is governed by the Development and Authorized Improvements Agreement and the PUD Ordinance. Improvement Area #1 includes approximately 28.949 acres as more particularly described on Exhibit A-2 and depicted on Exhibit B-2. Development of Improvement Area #1 is anticipated to contain 105 single-family homes. It is anticipated there will be an additional Future Improvement Area within the District developed as a multi -family area having 181 multifamily developments (referred to as "Improvement Area #2" in the Financing and Reimbursement Agreement). As the Future Improvement Area is developed and in connection with the issuance of any Future Improvement Area Bonds, or the levy of Assessments in the Future Improvement Area, this Service and Assessment Plan will be amended to update the Exhibits. SECTION III: AUTHORIZED IMPROVEMENTS The City, based on information provided by the Developer and its engineer and review by the City staff and by third -party consultants retained by the City, determined that the Authorized Improvements confer a special benefit on the Assessed Property and the Future Improvement Area. The Authorized Improvements will be designed and constructed in accordance with City standards and will be owned and operated by the City once accepted with the exception of certain improvements specifically stated below that will be maintained by the HOA. The budget for the Authorized Improvements, as well as the allocation of the Actual Costs of the Authorized Improvements, is shown on Exhibit C-1. A. Major Improvements ■ Street and Parkland The street improvements include temporary erosion controls, clearing and grubbing, excavation/embankment, subgrade preparation, flexible base, Hot Mix Asphalt Concrete, curb and gutter, traffic control, concrete sidewalk/path/trail, trail low water crossing, sidewalk ramps, trail parking, Bluffview parking, street marking and signs, saw cut and tie BLLIFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 11 to existing pavement, tree protection, and permanent restoration. Pursuant to the Development and Authorized Improvements Agreement, the street improvements also include parkland entry road, trailhead parking lot, Bluffview Trail, and Bluffview Drive (now known as Bluff Edge Lane) and the following items that shall be maintained by the HOA: shared use path (10" sidewalk), Bluffview Drive (now known as Bluff Edge Lane) sidewalk, 5' sidewalk around perimeter of Bluffview Natural Area, parallel parking spaces and related signage for Bluffview Natural Area, and pedestrian linkages (5' sidewalk). • Water Water improvements include tie to existing 16" water line, trench safety, pressure reducing valve with box, water lines, gate valves, fire hydrants, valve casting adjustments, cast iron fittings, services, irrigation sleeves, air release valves, and automatic flush valve. The water improvements will be owned and maintained by the City. • Wastewater Wastewater improvements include an 18" wastewater line (shown as Wastewater Trunk Line in cost estimates) that will not only serve this project but future development to the west of Southwest Bypass. Other wastewater improvements include, 8" and 10" wastewater lines, trench safety, manholes, extra depth, raise manhole castings, bore with encasement, connect to existing line, and services. The wastewater improvements will be owned and maintained by the City. ® Drainage Drainage facilities include storm sewer, trench safety, fall protection fence maintained by the HOA, manholes, junction boxes, curb inlets, grate inlets, berms, berm/swale, channel, and headwall associated with or serving public streets and roadways only. Pursuant to the Development and Authorized Improvements Agreement, the drainage improvements do not include water quality/detention ponds. • Landscaping Includes rock wall, rock columns, entry monument and landscaping (trees/scrubs/sod/plantings), irrigation, electrical for irrigation, park benches, and landscape/monument lighting. Pursuant to the Development and Authorized Improvements Agreement, the landscaping improvements also include park benches in the Bluffview Natural Area, irrigated landscaping alongside Bluffview Drive (now known as Bluff Edge Lane) and the shared use path, SF Bluffview Drive (now known as Bluff Edge Lane) screen wall, MF Bluffview Drive (now known as Bluff Edge Lane) screen wall, park benches along the shared use path, Bluffview entry monument — all of which shall be maintained by the HOA, excluding the trailhead entry signage. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 12 Soft Costs District Formation Expenses and an estimated 14% for soft costs including contingency, engineering, and project management. B. Improvement Area #1 Improvements ■ Street Improvements include temporary erosion controls inclusive of stabilized construction entrance, silt fence rock berm and curb inlet protection, as well as, clearing and grubbing, excavation/embankment, subgrade preparation, flexible base, Hot Mix Asphalt Concrete, curb and gutter, traffic control, streetlights, concrete sidewalk/path/trail, sidewalk ramps, street marking and signs, saw cut and tie to existing pavement, and tree protection. u Water Water improvements include tie to existing water line, trench safety, water lines, gate valves, fire hydrants, valve casting adjustments, cast iron fittings, services, and automatic flush valve. ■ Wastewater Wastewater improvements include wastewater lines, trench safety, manholes, extra depth, raise manhole castings, bore with encasement, connection to existing line and services. a Drainage Drainage Facilities include storm sewer, trench safety, manholes, junction boxes, curb inlets, grate inlets, berms, berm/swale, channel, and headwall associated with or serving public streets and roadways only. The water quality/detention ponds and other (non - transportation improvements related) and retention/drainage facilities are excluded from the definition of Drainage Facilities and are not Authorized Improvements, per the terms of the Development and Authorized Improvements Agreement. Soft Costs Included in the summary are an estimated 14% for soft costs including contingency, engineering, and project management. D. Bond Issuance Costs ■ Debt Service Reserve Requirement BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 13 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 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. E. First Year Annual Collection Costs Estimated cost of the first year Annual Collection 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 shall be updated in each Annual Service Plan Update. Exhibit D summarizes the Service Plan for the District. 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 described in the applicable Indenture. Exhibit E summarizes the sources and uses of funds required to construct certain Authorized Improvements. If PID Bonds are issued, Exhibit E will be updated to show the amount required to fund the required reserves and issue the PID Bonds at the time the PID Bonds are issued. The sources and uses of funds shown on Exhibit E shall be updated in each Annual Service Plan Update. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 14 SECTION V: ASSESSMENT PLAN The PID Act requires the City to apportion the Actual Costs of the Authorized Improvements to benefitted land, including the Assessed Property and the Future Improvement Area, 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 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 and the Future Improvement Area 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 Developer 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 Developer and its engineer and reviewed by the City staff and by third -party consultants retained by the City, has determined that the costs of the Authorized Improvements shall be allocated as follows: Major Improvements shall be allocated pro rata between the Improvement Area #1 Assessed Property and the Future Improvement Area based on Estimated Buildout Value, as shown on Exhibit C-2. • The Improvement Area #1 Improvements are allocated entirely to the Improvement Area #1 Assessed Property. ■ Bond Issuance Costs and First Year Annual Collection Costs shall be allocated entirely to the Assessed Property securing the applicable series of PID Bonds. When, and if, the Future Improvement Area is developed and the issuance of Future Improvement Area Bonds are contemplated, this Service and Assessment Plan will be amended to determine the assessment methodology necessary to apply equal shares of Actual Costs of BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 1s Future Improvement Area Improvements on Assessed Property similarly benefited within that Future Improvement Area. B. Assessments Improvement Area #1 Assessments will be levied on the Improvement Area #1 Assessed Property as shown on the Improvement Area #1 Assessment Roll, attached hereto as Exhibit F. The projected Improvement Area #1 Annual Installments are shown on Exhibit G, subject to revisions made during 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 Developer and its engineer and reviewed by the City staff and by third -party consultants retained by the City, has found and determined: ■ The cost of Improvement Area #1 Authorized Improvements equals $8,571,829 as shown on Exhibit E; and ■ The Improvement Area #1 Assessed Property receives special benefit from Improvement Area #1 Authorized Improvements equal to or greater than the Actual Costs of the Improvement Area #1 Authorized Improvements; and ■ Improvement Area #1 Assessed Property will be allocated 100% of the Improvement Area #1 Assessments levied on the Improvement Area #1 Assessed Property for Improvement Area #1 Authorized Improvements, which equal $4,800,000, as shown on the Improvement Area #1 Assessment Roll attached hereto as Exhibit F; and ■ The special benefit (>_ $8,571,829) received by the Improvement Area #1 Assessed Property from the Improvement Area #1 Authorized Improvements is greater than the amount of the Improvement Area #1 Assessments ($4,800,000) levied on the Improvement Area #1 Assessed Property for the Improvement Area #1 Authorized Improvements; and ■ At the time the City Council approved the Assessment Ordinance, the Landowner owned 100% of Improvement Area #1. In a Landowner Certificate, the Landowner acknowledged that the Improvement Area #1 Authorized Improvements confer a special benefit on Improvement Area #1 Assessed Property and consented to the imposition of the Improvement Area #1 Assessments to pay for the Actual Costs associated therewith. The Landowner 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 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 16 Assessment Plan and the Assessment Ordinance, and (3) the levying of the Improvement Area #1 Assessments on the Improvement Area #1 Assessed Property. D. Annual Collection Costs The Annual Collection Costs shall be paid for annually by the owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment remaining on the Parcel to the total outstanding Assessment. The Annual Collection Costs shall be collected as part of and in the same manner as Annual Installments in the amounts shown on the Assessment Roll, which may be revised based on Actual Costs incurred in Annual Service Plan Updates. E. Additional Interest The interest rate on Assessments securing each respective series of PID Bonds may exceed the interest rate on each respective series of PID Bonds by the Additional Interest Rate. To the extent required by any Indenture, Additional Interest shall be collected as part of each Annual Installment and shall be deposited pursuant to the applicable Indenture. 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 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 and approved by the City Council. BLUFFVIEw PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 17 2. Upon Subdivision by a Recorded Subdivision Plat Upon the subdivision of any Assessed Property based on a recorded subdivision plat, the Administrator shall reallocate the Assessment for the Assessed Property prior to the subdivision among the new subdivided Lots based on Estimated Buildout Value according to the following formula: A = [B x (C = D)]/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 -Benefited Property E= the number of Lots with the same Lot Type Prior to the recording of a subdivision plat, the Developer shall provide the City an Estimated Buildout Value as of the date of the recorded subdivision plat for each Lot created by the recorded subdivision plat. The 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 and approved by the City Council. 3. Upon Consolidation If two or more Lots or Parcels are consolidated, the Administrator shall allocate the Assessments against the Lots or Parcels before the consolidation to the consolidated Lot or Parcel, which allocation shall be approved by the City Council in the next Annual Service Plan Update. 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. B. True -up of Assessments if Maximum Assessment Exceeded BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 18 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 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. C. Mandatory Prepayment of Assessments If Assessed Property 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 the transfer. If the owner of the Assessed Property causes the Assessed Property to become Non -Benefited 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. 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, the City Council shall reduce each Assessment on a pro-rata basis such that the sum of the resulting reduced Assessments for all Assessed Property equals the reduced Actual Costs, or (ii) in the event PID Bonds are issued, 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 an amount less than the outstanding PID Bonds. The Administrator shall update (and submit to the City Council for review and approval as part of the next Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments to reflect the reduced Assessments. 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 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 19 to the date of redemption of the applicable PID Bonds, if any, 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; 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. F. 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 -Benefited Property. 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 -Benefited 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 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 20 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 -Benefited 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 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. G. Payment of Assessment in Annual Installments Assessments that are not paid in full shall be due and payable in Annual Installments. 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. 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. Annual Collection Costs shall be allocated pro rata among Assessed BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 21 Properties for which the Assessments remain unpaid in proportion to the amount of the Annual Installments for the Assessed Property. 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 for the City. The City Council may provide for other means of collecting Annual Installments. Assessments shall have the lien priority specified in the PID Act. For billing purposes only, until a plat has been recorded within the District, the Annual Installment will be billed to each property ID within the District 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 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. 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 Improvement Area #1 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 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 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 22 Assessed Property shall be to submit a written notice of error to the Administrator by December 1st 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 is 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 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. 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. E. Form of Buyer Disclosure BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 23 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 as Exhibit M. Within seven days of approval by the City Council, the City (1) shall post a copy of this Service and Assessment Plan, or any future Annual Service Plan Updates, on the City's internet website, and (2) 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. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 24 EXHIBITS AND APPENDICES The following Exhibits are attached to and made a part of this Service and Assessment Plan for all purposes: Exhibit A-1 District Legal Description Exhibit A-2 Improvement Area #1 Legal Description Exhibit B-1 District Boundary Map Exhibit B-2 Improvement Area #1 Boundary Map Exhibit C-1 Authorized Improvements Exhibit C-2 Apportionment of Major Improvements Exhibit D Service Plan — Five Year Plan Exhibit E Service Plan —Sources and Uses Exhibit F Improvement Area #1 Assessment Roll Exhibit G Improvement Area #1 Annual Installments Exhibit H Maximum Assessment per Lot Type Exhibit I Map of Authorized Improvements Exhibit) Lot Type Classification Map Exhibit K Notice of PID Assessment Termination Exhibit L Bluffview Final Plat Exhibit M Buyer Disclosures The following Appendices are attached to and made a part of this Service and Assessment Plan for all purposes: Appendix A Engineer's Report BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 25 EXHIBIT A-1— DISTRICT LEGAL DESCRIPTION M L D NOT1�+ 68.080-ACRE TRACT ALL TIIAT CERTAJN PARCEL OR TRACT OF LAND 0jJT OF THE JOSEPH TTIOMPSON SURVEY, ABSTRACT . NO, 608, WILLIAMSON COUNTY, TEXAS; 13EfNCr A PORTION OF THOSE TRACTS OF LAND AS CONVEYED TO A.C. WEIR PROPERTIES. LTD, BY SPECIAL WARRANTY DEED RECORDED Jib I]OCUe ENT NO. 20D5090431 OF THE OfTICIAL PLrBL.IC; RECORDS O1 WILLiAMSON COUNTY, TEXAS, AND BEINO MORE PARTICULARLY DESCRMED BY MF 'FS AND BOUNDS AS FOLLOWS - COMMENCING for POINT OF REFFR%NCE at a %z" iron rod found on the notthwest right-of-way JiDe of F` M, Highway 2243 at the sottvhwest echoer of they ReNubdiyision of Ritiei-view Estates, a subd3vislon as recorded in Cabinet K, Slides 51-53 of the Plat Records o€' 4Viiliamsoa County, Texas, said i" Tod found also being on the east line of the above desc.riW A.C. Weir Ft rtiM Ltd. Tract; Thence, with tho northwest right-of-way line of FJM, Ifighway 2243, S19'06'15"E a distance of 20-48 feel tL) a %' iron rod set with cap stamped TBKRA FUUvIA at the southeagi corner of said A.C, Weir Properties, Ltd. Tract, and 859°34'32" W a distance of 314.07 feet to a /" trou rod set with cap stamped TERRA FIRMA for the most southerly southeast corner arA POINT OF BEGINATING of the he.retn described tract; T1MC;F, contiaidng with the norzbwest right-of-way line of F.M. lli4w€iy 2243, S59°34'32" W a distwace of 115.32 feet to a °'/." iron rod set with cap stamped TERRA FIRMA for the mom swithctly corner of t;�s tract; THENCE, along a carve to the lcfl an we cWancc of 31,42 feet, having a radius of 25.00 feet, and a chord which bertrs N16°42 32"E a distance of 34.02 feet to a %x" iron xod wt with cap stamped TERRA FIRMA at a paint of tangency; T'1TF'NCE N26010'27"W a distance; of 293,55 f t to a %" iron red set with cup stamped 't`li'IdRA FIRMA for an inside corner of this tta t, TITFNC:F S6:3049'33"W a disianoe of 170,81 feet to a %" iron rod met with cap atarraped TERRA FIRMA at an angle paint; BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 26 '111ENCE S59 W55"W a distance of 261.37 feet to a Y2- iron nA met with rap stun4ed TFAkRA FROdA on the proposed east right-of-way line of the proposed State Highway No. 29 l3ypams, frorre wEtch a IN' iron rod found with cap scamp d '-Diamond"bGarS S30°40"{35"'E & distance of257-86 feet; TTLENCF, with the proposed east right-of-way tine of said proposed Style I fighway No. 29 Bypass, the fbilowing four (4) cota ; 11 N3V40'05"W a distance of 406.16 feet to a %" 4-on rod found with cap stamped "Lhuuuud" at an angle point. 2) N3(r54'41 "W u distance of 684,43 feet to a 'W' imn rod found with cap stantpod "Diamond" at an. angle point; 3) N Q022'4211W a distance of 629,23 feet to a VT iron rod fotmd with cap stamped "Dimiund" at a. paint oilctwvatutc of a curve to the ri,giit; and 4) Alcrtng said curve to thr right an are distance of 368-91 frct, ha'ving a radius of6870.0.0 feet, and a chord which gears N24'52'26"W a distance of 368.87 feet to a %" iron and set with cap stampedTERRA ITERRA FIRMA for the most wouterly corner of this tract; TI4.ENCT N26' 9'39"14 at distance of 1,134,86 feet to a 1s" imn roes set with cap stamped TFRRA F M4A at an angle point; THENCE NO1027%6'E p s a %" iron rod set for refer-ence with: cap stamped TERRA FlWMA at 826.03 feet, and continuuvg on for a total distance of 911.03 feet to a point at the ,approximate ccnierilue ofthe South San f3abficl River for the northwest comer of'this U-act; 'I RL:NEE, with the apprwdmate eente.rtine of the South San Gabriel River, N75°35°39"E a,dist=" of 127:94 feet to a point for the northeast comer of this tract; 'ITIENCF- with the west Iine of saad Itcsubdivision of Riverview Estates, the follouting twt my -four (24) courses, I) S1V48146T, pass a w" hon rod found at a digance of 65.65 feat., and continuing on feu a total distance of 90.35 fcet to a %" iron god found at an angle point; "?) UOP34'37"E, pass a A- iron rod found at a distance of 71,61 feet, and continuing on for a total distance of 483,07 .teeE to a A" iron rod fnuvtd at an angle point; 3) S19433444"E a distance of 325,99 feet to a !6" iron rod set with cap sl mped I h.RRA FIKMA at an angle point; 41 814°40'14"Il a distance of 77.23 feet to a l�!' it -on rod fmmd at the most wc;tedy southwest corvacr of Lot 8, Block `1J' of said RtsubdMsion of Riverview Estates for an interior corner of tbis tract; BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN Z7 5) N72'02'33"E a distance of 28.27 feet to a lY," iron rod set with cap stamped 'TERRA. FIRMA at an interior corner of said Lot 8, Black --E' far an exterior comer of dim tract; S30°30'57"E a distance of 46,31 ferA to a 14" iton avd set with cap stamped TERRA I:I12l4hA at an a»,1e point; 7) S,20'59157"E ;a distanw of 70.29 Feet to a 60D nail found on the north right-of-way line of River Down Road; 8) S 1811 15127"F a dismn oe of 49.97 feet to a 1/t" iron rod set on the south light -of way line of river Down Road: 9) S20*23't17" E a distance of 16I.74 feet to a Y2" iwn rod found at an angle point; 10) S 1 9,°48'07E a distance,' of 150,06 feet to a W iron rod feted at an angle point; 11) S20"04 17'T, a distance of 127,72 fed to a 4i" ironn rod found at an angle point; 12) S19,101-3f"E a dismi e of44,65 feet to a Vz" iron rDd fotwd U eta atagie paint, 13) 519120'25"E a distance of 149.00 feet to a'/," iron rod found at an angle paint, 14) S2VJ 1'22'T a distance of 150.99 feet to a 14" ironz rind set with cep s4�tr►ped 'I'NZRA FIRMA at kin angle plaint; 15) 820"23'22" E a distance of 151.07 Net to a %" iron rod fod at an augic point; 16) S2 I 15"B"L a distawx of 123,93 feet to a V2" iron rod found at an angle point; 17) S2115424"E a distance of 13 3,8 8 feet to a'12" +:roll root found on the north night-4-Way line of Rent Tree Drive; 18) 522Q07'34"E a distancm of 50.02 fi.et to a',a'$" iron rod fWad on the gouth right -Of -way line of Beut Tree drive; 19) 821" 48'52" Ia a distance fjf 180,94 feet to a Ffz" iron rod found at an angle point, 20) S219144% a distance of 229.94 feet to a V:" iron rod found at an angle point; 21) S21" 0Y07"1= a distance of 78.31 fmt to a !4" iron rod fAwid at an angle poiaat; 22) S 18'30'47'F a distarice of 8,90 feet to a Vs" ro-n rod found at an angle point, 23) S19"52'3VE a distanco of 85.89 feet to a'A" iron rod found at an angle part; and BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 28 !41 9184321OV5 at disrgr= of 160 07 Iftr .0 a fix" ttao fvd six Writ asap 9enatpa! -k8R AA FW LA For an ttrJ kte tomm of this front, !'roes whieh a W' iron rod (band. hags 81801"95" F a IRstatim.. of 60,04 TUEN4E &59'Q5'00`-W it dyslrsnsc of d'J JS feet W If W' ilno rttd Wt Mth Crap aratpcd TMUUt FfRNIA kw an ela & eviow of 116 t€ut:k T19F. CF S15145!55`E a 4$.,4wxE of 3?J 28 ftvtl to a W' iron too wk Myth rp atataaocd 'IEKPA F7itMA ad s psird of Gsirvalam ofa ¢wve Fn dw loff rHF114:F alung said enrva Lo afne lat as aaa �4otawe ut 4060 1Lksr having v nttilus of 267,50 fast, Peso a rhafd ewbeh tmsrs ts2i)�SR'?1°H a distance of 4R S1 rAW to a W' 401s r�fi $..A with sap siampod T7:E#RA ClF k4A alin puaot of dfinRmoy; 7(14 C AI']0127'E a distance 61'3-M.75 Rut M a W' Iron tM st- Wdr Cain^ e4amped 'flit RA FIRMA at 3 painL stf CXVKare of g 09 ve in ltte loft; TFI WE. salting %JJ mve to the falt ors are distarrwe of d 1. feat, aavinE a tadius of 25,00 fim, Raid ft chard wW*b lWa Sa+!°i 181f3 u Jiruxt of It,.64 fart a the POINT OF i3HG11+11VNU, and coutaluing 4iR.+,WU aLm of kmd, mart ur kw- i R-IFA1;'BY CF' R.TWY Q* thaeo ixW %vm pmpofec by Torn Firms Land Survoyang fivar a Burfty meads rin ft EMUDd aa47,anuary 74, 2013'IaadU mf nrpul-VIS ssa ,uisl Ap+ if -W and WFrra7 La thtt>ta[rtfr€r�Intreaiaxipa,Ftef'aen FerraFlralw' nroy.ProhxtNo.,L4P-90:-01. �SiiNloti�'A 77 � � �� an � a �nathfit C' hlublm — R4motaz Pi tfmiarrml Und Slrr qulso. 5171 Chout' ('bola[ cosy pwiftv float 1,+1atdo he 2il13 Wry No. IIA4974VJ-Gi l PB' 5041. 63W19 Fue: 1-6Prabjcosa4497_,9sldrl-I!I_..LSuarae'IsgailA'I tdl[}1-�!fiBiSR�RC_ 1.duc BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 29 EXHIBIT A-2 - IMPROVEMENT AREA #1 LEGAL DESCRIPTION EARLY LAND SURVEYLN , LLC P.O. Box 92588, Austin, TX 78709 512-202-8631 earlysurveying.com TBPELS F irni No. 10194487 30.197 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 30.197 ACRES (APPROXIMATELY 1,315,395 SQ_ FT.) IN THE JOSEPH THOMPSON SURVEY, ABSTRACT NO. 608 IN WILLIAMSON COUNTY, TEXAS. BEING A PORTION OF A 68.080 ACRE TRACT CONVEYED TO LAMY 2243. LTD IN A SPECIAL WARRANTY DEED EFFECTIVE MARCH 29. 2013 AND RECORDED IN DOCUMENT NO.2013028282, OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND ALL OF A 1.248 ACRE TRACT CONVEYED TO LAMY 2243, LTD., IN A SPECIAL WARRANTY DEED EXECUTED MAY 18, 2023 AND RECORDED IN DOCUMENT NO. 2023048610 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 30.197 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 112" rebar found for the northwest terminus of River Down Road (50' right-of-way width) as shown on Resubdivision of Riverview Estates, a subdivision of record in Cabinet K, Slide 51 of the Plat Records of Williamson County, Texas, being in the northeast line of the said 68 080 acre tract, being also the southwest comer of Lot 8, Block E of said Resubdivision of Riverview Estates; THENCE South 18015'27" East, with the southwest termination of River Down Road and the northeast line of the said 68.080 acre tract, a distance of 49.97 feet to a calculated point for the southwest terminus of River Down Road, being the northwest corner of Lot 22, Block F of said Resubdivision of Riverview Estates; THENCE with the northeast line of the said 68.080 acre tract and the southwest line of said Lot 22. the following courses and distances: 1. South 20023'07" East, a distance of 161.74 feet to a calculated point: 2. South 19°48'07" East, a distance of 150.06 feet to a calculated point; 3. South 2000417" East, a distance of 127.72 feet to a calculated point; 4. South 19001'36" East, a distance of 44.65 feet to a calculated point, 5. South 19020'25" East, a distance of 149.00 feet to a calculated point, 6. South 20011'22" East, a distance of 150.99 feet to a calculated point; 7 South 20023'22" East, a distance of 151.07 feet to a calculated point: 8. South 21059'08" East, a distance of 123.93 feet to a calculated point; BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 30 Page 2 9 South 21 °54'24" East. a distance of 133.88 feet to a calculated point for the northwest terminus of Bent Tree Dnve (50' right-of-way width) as shown on said Resubdivision of Riverview: Estates. being the southwest corner of said Lot 22. THENCE South 22`07'34" East, with the southwest terniination of Bent Tree Drive and the northeast line of the said 68.080 acre tract, a distance of 50 02 feet to a calculated point for the southwest tenninus of Bent Tree Dnve, being the northwest comer of Lot 1. Block G of said Resubdivision of Riverview Estates. THENCE Wth the northeast line of the said 68.080 acre tract and the southwest line of said Lot 1, the following courses and distances: 1. South 21 °48'52" East, a distance of 180.94 feet to a calculated point; 2 South 21031'44" East, a distance of 229.94 feet to a calculated point; :;. South 21 °00'07" East, a distance of 78.31 feet to a calculated point: 4 South 18°30'47" East, a distance of 8.80 feet to a calculated point; 5. South 19052'38" East, a distance of 85 88 feet to a calculated point. 6 South 18052'05" East, a distance of 100.07 feet to a calculated point, THENCE South 59005'00" West, with a southeast line of the said 68 080 acre tract and crossing a 1048.20 acre tract described in Document No 2005090431 of the Official Public Records of Williamson County, Texas, and bung further described in Volume 522, Paige 451 of the Deed Records of Williamson County, Texas, a distance of 359.31 feet to a calculated point for the northeast corner of the said 1.248 acre tract; THENCE with the northeast line of the said 1.248 acre tract and crossing the said 1048.20 acre tract, the following courses and distances- 1. South 24040'44" East, a distance of 29.42 feet to a calculated point,- 2. With a curve to the left, having a radius of 288.00 feet. a delta angle of 05048'05". an arc length of 29 16 feet, and a chord which bears South 27034'47" East, a distance of 29.15 feet to a calculated point, 3 South 301'28'49" East, a distance of 637 73 feet to a calculated point; 4 With a curve to the left. having a radius of 25.00 feet, a delta angle of 89058'44". an arc length of 39.26 feet, and a chord which bears South 75028' 11" East, a distance of 35.35 feet to a calculated point in the northwest right-of-way line of F.h1. 2243 (80' right-of-way width). being the easternmost comer of the said 1.248 acre tract, from which a 112" rebar found for an angle point in the northwest right- of-way line of F.M. 2243, bears North 59032'27" East, a distance of 183 79 feet; BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 31 Page 3 THENCE South 59"32'27" West, with the northwest right-of-way line of F.fvt. 2243 and the southeast line of the said 1.248 acre tract, a distance of 130.07 feet to a mag nail with "Early Boundary" washer set for the southeast corner of the said 68.080 acre tract; THENCE South 59032'27" West, with the northwest right-of-way line of F h1.2243 and the south line of the said 68.080 acre tract, a distance of 9.93 feet to a calculated point for a point of curvature in the southeast line of a 0.774 acre tract described in Document No. 2023048609 of the official Public Records of Williamson County, Texas; THENCE crossing the said 68.080 acre tract and with the southeast line of the said 0.774 acre tract, with a curve to the left, having a radius of 25.00 feet; a delta angle of 11 `25`22", an arc length of 4.98 feet, and a chord which bears North 53°49'46" East, a distance of 4 98 feet, to a calculated point for the easternmost comer of the said 0.774 acre tract, being the southernmost corner of the said 1.248 acre tract; THENCE with the southwest line of the said 1.248 acre tract and crossing the said 1048 20 acre tract, the following courses and distances- 1. With a curve to the left, having a radius of 25.00 feet, a delta angle of 78°35`,94% an arc length of 34.30 feet, and a chord which bears North 08049'08" East, a distance of 31.67 feet to a calculated point', 2. North 30028'49" West, a distance of 406.56 feet to a calculated point; THENCE crossing the said 68.080 acre tract, the following courses and distances: 1. North 30°28`49" West, a distance of 128.35 feet to a calculated point; 2. With a curve to the right, having a radius of 313.50 feet, a delta angle of 13'38'56" an arc length of 74.68 feet, and a chord which bears North 23039'21" West, a distance of 74 50 feet to a calculated point_ 3. North 16'49'53" West, a distance of 93.61 feet to a calculated point; 4. With a curve to the left. having a radius of 500.00 feet, a delta angle of 03'10,53", an arc length of 27.76 feet, and a chord which gears North 18025'20" West, a distance of 27.76 feet to a calculated point; 5 North 20°00`46" West, a distance of 222.48 feet to a calculated point; 6. With a curve to the left, having a radius of 475.00 feet, a delta angle of 08403'08", an arc length of 66.76 feet, and a chord which bears North 24°02'20" West, a distance of 66.70 feet to a calculated point; 7. North 28°03'EW West, a distance of 101.49 feet to a calculated point; 8. With a curve to the right, having a radius of 525.00 feet, a delta angle of 06"0612", an arc length of 55.92 feet, and a chord which bears North 25'00'48" West, a distance of 55.90 feet to a calculated point-, 9. North 21 °57"42" West, a distance of 151.66 feet to a calculated point; BLUFFVIEw PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 32 Page 4 10. With a curve to the left, having a radius of 420.00 feet, a delta angle of 450142111 , an arc length of 331 62 feet, and a chord which bears North 44'34'53" West. a distance of 323.07 feet to a calculated point; 11. North 67012W" West, a distance of 193.08 feet to a calculated point; 12 With a curve to the left. having a radius of 575.00 feet, a delta angle of 21 `332111 , an arc length of 216.33 feet, and a chord which bears North 771S8'44" West. a distance of 215.05 feet to a calculated point; 13 North 88`45'24" West, a distance of 101. 18 feet to a calculated point. 14 North 01014'36" East. a distance of 50.00 feet to a calculated point, 15. South 85058'43" West, a distance of 12.49 feet to a calculated point-, 16 South 87014'20" West, a distance of 48 02 feet to a calculated point: 17 North 88045'24" West. a distance of 146.84 feet to a calculated point. 18_ With a curve to the right„ having a radius of 99.50 feet, a delta angle of 240301'40", an arc length of 42 57 feet, and a chord which bears North 76030'05" West, a distance of 42 24 feet to a calculated point, from which a 112" rebar with "Diamond Surveying" cap found in the northeast right-of-way line of Southwest Bypass (nght- of-wav width varies) as described in Document Nos 2015010273 and 2015109482, both of the Official Public Records of Williamson County, Texas, being in the southwest line of the said 68 080 acre tract, bears South 07°4621" West, a distance of 203.06 feet; 19 North 31 °49'39" East, a distance of 1133.23 feet to a calculated point; 20 South 46043'30" East, a distance of 34 20 feet to a calculated point: 21 _ North 31 °49'391" East, a distance of 26.84 feet to a calculated point; 22. South 42052'33" East, a distance of 105.39 feet to a calculated point. 23. South 83022'43" East, a distance of 31.07 feet to a calculated point. 24. South 84"32'21" East, a distance of 28.71 feet to a calculated point; 25. North 36037"20" East, a distance of 11.78 feet to a calculated point; 26. North 00°44°32" East, a distance of 64.40 feet to a calculated point; 27 North 05007' ,4" West. a distance of 45.63 feet to a calculated point. 28_ North 29042'08" East, a distance of 106.40 feet to a calculated point; 29. North 31 °44'05" East, a distance of 51.52 feet to a calculated point in the northeast line of the said 68.080 acre tract, being in the southwest line of said Lot 8, from which a 112" rebar with "Terra Firma" cap found in the northeast line of the said 68.080 acre tract, being in the southwest line of said Lot 8, bears North 20059'57" West, a distance of 7 13 feet. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 33 Page 5 THENCE South 20"59'57" East, with the northeast line of the said 68.080 acre tract and the southwest line of said Lot 8, a distance of 63.16 feet to the POINT OF BEGINNING, containing 30.197 acres of land, more or less, Surveyed on the ground on June 7, 2024. Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network_ Attachments: Survey Drawing No. i014-002-PHASE 1 ALTA &71-292 2 ( J(7F BEM EAP1.1', JP Joe Ben Early, Jr_ Date 9 Registered Professional Land Surveyor State of Texas No. 6016 ' All save and except the following described 1.248 acre Tract of Land as described in the Deed to Lamy 2243, LTD recorded in Document Number 20230486/0 of the Official Public Records of Williamson County, Texas_ BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 34 IT( rt3rus rort) No 1.248 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 1 248 ACRES (APPROXIMATELY 54,369 SQ1 FT), IN THE JOSEPH THOMPSON SURVEY, ABSTRACT NO, 608 1N WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 1048 20 ACRE TRACT CONVEYED TO A.0 WEIR PROPERTIES, LTD. IN A SPECIAL WARRANTY DEED EFFECTIVE JULY 20, 2005 AND RECORDED IN DOCUMENT NO 2005090431 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND DESCRIBED IN VOLUME 522, PAGE 451 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 1.248 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS - BEGINNING at a Calculated point in the northwest tight -of -way Inge of F M 2243 i80' right-of-way width): from which a 3l8" rebar found for an angle point in the northwest right-of-way line of F M, 2243. being the southernmost corner of Lot -1 Block G, Resubdivision of Riverview Estates, a subdivision of record in Cabinet K, Slide 51 of the Plat Records of Wlllarnson County, Texas, bears North 59"32'27" East, a distance of 183.41 feet, then North 17'26'32" West a distance of 20 53 feet; THENCE South 59" 32'27" West, with the northwest right-of-way line of F.M. 2243, a distance of 130.45 feet to a mag nail with "Early Boundary" washer set for an eastern corner of a 68,080 acre tract described in Doc:urmnt No, 2013028282 of the Official Public Records of Williamson County, Texas, from which a 112" rebar found in tole northwest right-of-way line of VM 2243, being the southernmost corner of the said 68.080 acre tract bears South 59' 3277` West, a distance of 115.34 feet THENCE crossing the said 1048 20 acre tract and with a northeast line of the said 68.080 acre tract, a curve to the right, having a radius of 25.00 feet, a delta angle of 11'02'23", an arc length of 4.82 feet, and a chord which bears South 64'59'40" West. a distance of 4 91 feet to a calculated point, from which a t r2" rebar found in the northeast line of the said 68.060 acre tract, bears with a curve to the right, having a radius of 25.00 feet, a delta angle of 82'5111 T', an arc length of 36 15 feet, and a chord which bears North 68'03'32" West, a distance of 33 08 feet THENCE crossing the said 1048 20 acre tract, the following two (2) courses and distances: BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 35 Page 2 1 With a curve to the left., having a radius of 25.00 feet, a delta angle of 79'02'52", an arc length of 34.49 feet, and a chord which bears North 09'02'37" East, a distance of 31 82 feet to a calculated point, 2 North 30"28'49" West, a distance of 408,02 feet to a calculated point in the northeast line of the said 68 080 acre tract. born which a 1/2" rebar found in the northeast line of the "id 68.080 acre tract, bears South 15`41V44" East, a distance of 29 56 feet, THENCE with the perimeter of the said 68.080 acre tract and ctussing the said 1048,02 tract, the following two (2j courses and distances 1 North 15"45'44" West, a distance of 297 67 feet to a 1t2" rebar with "Terra Firma" cap found; 2 'North w05'00" East, a distance of 18 W feet to a calculated point, THENCE crossing the said 1048-20 acre tract, the following four (4) courses ana distances. 1 South 24°40'44" East, a distance of 29 82 feet to a calculated point. 2 With a curve to the left, having a radius of 289.00 feet, a delta angle of 05'48'05' . an arc length of 29.16 feet, and a chord which .bears South 27"3447" East, a distance of 29 15 feet to a calculated point, 3 South W28'45" East a distance of 637.34 feet to a calculated point; 4. With a curve to the left, having a radius of 25,00 feet, a delta angle of 89"58'44", an arc length of 39,26 feet, and a chord which bears South 75'20'11" East, a distance of 35,36 feet to the POINT OF BEGINNING, containing 1 248 acres of land, more or less Surveyed on the ground on April 28 2022 Bearing Basis: The Texas Coordinate System of 1983 (NAD83) Central Zone, utilizing the SmartNet North America Network Attachments Survey Drawing No 10 1,, C;-t1--WEIR 2 LAMY ,, I L , Joe Ben Early, Jr Date Registered Professional Land Surveyor State of Texas No 6016 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 36 EXHIBIT B-1- DISTRICT BOUNDARY MAP 2000 1000 i zoo() IUD WAi SCALE IN FEET_ i I 0. IT am �' �• 1 .. ice, • '� 1''ti t,� L$ITE : I'3 OCATIQN , m 1 l a l0C-MAP dry LJA Enq ne!rinq, Inc. BLUFFVIEW 7503A.&ft&LWIAM Buie"f ph"si'mom APPENDIX 51" l0B f . 51?A:0 4110 "Im, True 'WM FAN • P 17eG LC/GATICIN MAP 1 OF 1 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 37 RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. EXHIBIT B-2 - IMPROVEMENT AREA #1 BOUNDARY MAP J BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 38 EXHIBIT C-1- AUTHORIZED IMPROVEMENTS Total Costs[ai Improvement Area #1 Future Improvement Area Major Improvements [b] Street and Parkland $ 1,550,294 50.04% $ 775,827 49.96% $ 774,467 Water 427,516 50.04% 213,945 49.96% 213,571 Wastewater[`] 886,301 50.04% 443,539 49.96% 442,762 Drainage 2,024,280 50.04% 1,013,027 49.96% 1,011,253 Landscaping 1,160,216 50.04% 580,617 49.96% 579,599 Soft Costs[d] 846,805 50.04% 423,774 49.96% 423,031 $ 6,895,411 $ 3,450,728 $ 3,444,683 Improvement Area #1 Improvements Street $ 1,770,639 100.00% $ 1,770,639 0.00% $ Water 472,695 100.00% 472,695 0.00% Wastewater 665,385 100.00% 665,385 0.00% Drainage 819,867 100.00% 819,867 0.00% Soft Costs[di 522,002 100.00% 522,002 0.00% $ 4,250,588 $ 4,250,588 S Bond Issuance Costs Debt Service Reserve Fund $ 358,675 $ 358,675 $ Capitalized Interest 71,324 71,324 Underwriter Discount [el 144,000 144,000 Cost of Issuance 236,940 236,940 Original Issue Discount 19,574 19,574 $ 830,513 $ 830,513 $ First Year Annual Collection Costs Deposit to Administrative Fund $ 40,000 $ 40,000 $ - $ 40,000 $ 40,000 $ Total $ 12,016,512 $ 8,571,829 $ 3,444,683 Footnotes: [a] Per Engineer's Report dated March 2026. [b] The Major Improvements are allocated pro rata between Improvement Area #1 and the Future Improvement Area based on the ratio of Estimated Buildout Value of each area to the Estimated Buildout Value of the District. [c] Such improvements benefit land outside of the District. A portion of the costs of such improvements have been allocated to the benefited land, accordingly. This table excludes the costs allocated to land outside of the District. [d] Soft costs include engineering, staking, and surveying. [e] Includes the fee of counsel to the Underwriter. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 39 EXHIBIT C-2 - APPORTIONMENT OF MAJOR IMPROVEMENTS I J Footnotes: [a] The costs of the Major Improvements apportioned pro rata based on Estimated Build out Value between Improvement Area #1 and the Future Improvement Area. [b] Reimbursable in part or in full from future Assessments levied on the Future Improvement Area BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 40 EXHIBIT D - SERVICE PLAN - FIVE YEAR PLAN Principal $ 104,000.00 $ 109,000.00 $ 113,000.00 $ 118,000.00 $ 123,000.00 Interest 254,225.00 249,675.00 244,906.26 239,962.50 234,800.00 (1) $ 358,225.00 $ 358,675.00 $ 357,906.26 $ 357,962.50 $ 357,800.00 Additional Interest (2) $ 24,000.00 $ 23,480.00 $ 22,935.00 $ 22,370.00 $ 21,780.00 Annual Collection Costs (3) $ 40,800.00 $ 41,616.00 $ 42,448.32 $ 43,297.29 $ 44,163.23 Total Annual Installment Due (4) = (1) + (2) + (3) $ 423,025.00 $ 423,771.00 $ 423,289.58 $ 423,629.79 $ 423,743.23 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 41 EXHIBIT E - SERVICE PLAN - SOURCES AND USES Improvement Area #1 Bonds 5 4,800,000 $ 4,800,000 Owner Contributionlal 3,771,829 3,771,829 Total Sources of Funds $ 8,571,929 $ 8,571,829 Major Improvements UsesofFunds $ 3,450,728 $ 3,450,728 Improvement Area #1 Improvements 4,250,588 4,250,588 $ 7,701,316 $ 7,701,316 Bond Issuance Costs Debt Service Reserve Fund Capitalized Interest Underwriter Discount[h] Cost of Issuance Original Issue Discount First Year Annual Collection Costs Deposit to Administrative Fund Total Uses of Funds Footnotes: $ 358,675 71,324 144,000 236,940 19,574 $ 830,513 $ 40,000 $ 40,000 $ 358,675 71,324 144,000 236,940 19,574 $ 830,513 $ 40,000 $ 40,000 $ 8,571,829 $ 8,571,829 [a] Not reimbursable to the Developer through Assessments or the issuance of PID Bonds. [b] Includes the fee of counsel to the Underwriter. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 42 EXHIBIT F - IMPROVEMENT AREA #1 ASSESSMENT ROLL Property r, R683641 Non -Benefited $ - $ - R683642 Non -Benefited $ $ R683643 Non -Benefited $ $ R683646 Non -Benefited $ $ R683647 2 $ 49,208.41 $ 4,336.75 R683648 2 $ 49,208.41 $ 4,336.75 R683649 2 $ 49,208.41 $ 4,336.75 R683650 2 $ 49,208.41 $ 4,336.75 R683651 2 $ 49,208.41 $ 4,336.75 R683652 1 $ 41,110.82 $ 3,623.11 R683653 1 $ 41,110.82 $ 3,623.11 R683654 1 $ 41,110.82 $ 3,623.11 R683655 1 $ 41,110.82 $ 3,623.11 R683656 2 $ 49,208.41 $ 4,336.75 R683657 2 $ 49,208.41 $ 4,336.75 R683658 2 $ 49,208.41 $ 4,336.75 R683659 1 $ 41,110.82 $ 3,623.11 R683660 1 $ 41,110.82 $ 3,623.11 R683661 1 $ 41,110.82 $ 3,623.11 R683662 1 $ 41,110.82 $ 3,623.11 R683663 Non -Benefited $ - $ - R683664 1 $ 41,110.82 $ 3,623.11 R683665 1 $ 41,110.82 $ 3,623.11 R683666 1 $ 41,110.82 $ 3,623.11 R683667 1 $ 41,110.82 $ 3,623.11 R683668 1 $ 41,110.82 $ 3,623.11 R683669 1 $ 41,110.82 $ 3,623.11 R683670 1 $ 41,110.82 $ 3,623.11 R683671 1 $ 41,110.82 $ 3,623.11 R683672 1 $ 41,110.82 $ 3,623.11 R683673 1 $ 41,110.82 $ 3,623.11 R683674 1 $ 41,110.82 $ 3,623.11 R683675 2 $ 49,208.41 $ 4,336.75 R683676 2 $ 49,208.41 $ 4,336.75 R683677 2 $ 49,208.41 $ 4,336.75 R683678 1 $ 41,110.82 $ 3,623.11 R683679 1 $ 41,110.82 $ 3,623.11 R683680 1 $ 41,110.82 $ 3,623.11 R683681 1 $ 41,110.82 $ 3,623.11 R683682 2 $ 49,208.41 $ 4,336.75 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT 43 PLAN Annual installment Due a _ [a] a - 1 Outstanding $ 41,110.82 $ 1 3,623.11 R683683 R683684 1 $ 41,110.82 $ 3,623.11 R683685 Non -Benefited $ - $ - R683686 2 $ 49,208.41 $ 4,336.75 R683687 1 $ 41,110.82 $ 3,623.11 R683688 1 $ 41,110.82 $ 3,623.11 R683689 1 $ 41,110.82 $ 3,623.11 R683690 1 $ 41,110.82 $ 3,623.11 R683691 1 $ 41,110.82 $ 3,623.11 R683692 2 $ 49,208.41 $ 4,336.75 R683693 1 $ 41,110.82 $ 3,623.11 R683694 1 $ 41,110.82 $ 3,623.11 R683695 1 $ 41,110.82 $ 3,623.11 R683696 1 $ 41,110.82 $ 3,623.11 R683697 1 $ 41,110.82 $ 3,623.11 R683698 1 $ 41,110.82 $ 3,623.11 R683699 1 $ 41,110.82 $ 3,623.11 R683700 1 $ 41,110.82 $ 3,623.11 R683701 1 $ 41,110.82 $ 3,623.11 R683702 1 $ 41,110.82 $ 3,623.11 R683703 1 $ 41,110.82 $ 3,623.11 R683704 Non -Benefited $ - $ - R683705 2 $ 49,208.41 $ 4,336.75 R683706 2 $ 49,208.41 $ 4,336.75 R683707 2 $ 49,208.41 $ 4,336.75 R683708 2 $ 49,208.41 $ 4,336.75 R683709 Non -Benefited $ - $ - R683710 2 $ 49,208.41 $ 4,336.75 R683711 2 $ 49,208.41 $ 4,336.75 R683712 2 $ 49,208.41 $ 4,336.75 R683713 2 $ 49,208.41 $ 4,336.75 R683714 2 $ 49,208.41 $ 4,336.75 R683715 2 $ 49,208.41 $ 4,336.75 R683716 1 $ 41,110.82 $ 3,623.11 R683717 1 $ 41,110.82 $ 3,623.11 R683718 1 $ 41,110.82 $ 3,623.11 R683719 1 $ 41,110.82 $ 3,623.11 R683720 1 $ 41,110.82 $ 3,623.11 R683721 1 $ 41,110.82 $ 3,623.11 R683722 1 $ 41,110.82 $ 3,623.11 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT 44 PLAN Property.' Outstanding R683723 1 $ 41,110.82 $ 3,623.11 R683724 1 $ 41,110.82 $ 3,623.11 R683725 1 $ 41,110.82 $ 3,623.11 R683726 1 $ 41,110.82 $ 3,623.11 R683727 1 $ 41,110.82 $ 3,623.11 R683728 1 $ 41,110.82 $ 3,623.11 R683729 1 $ 41,110.82 $ 3,623.11 R683730 1 $ 41,110.82 $ 3,623.11 R683731 1 $ 41,110.82 $ 3,623.11 R683732 1 $ 41,110.82 $ 3,623.11 R683733 1 $ 41,110.82 $ 3,623.11 R683734 1 $ 41,110.82 $ 3,623.11 R683735 1 $ 41,110.82 $ 3,623.11 R683736 1 $ 41,110.82 $ 3,623.11 R683737 1 $ 41,110.82 $ 3,623.11 R683738 1 $ 41,110.82 $ 3,623.11 R683739 1 $ 41,110.82 $ 3,623.11 R683740 Non -Benefited $ - $ - R683741 3 $ 59,174.67 $ 5,215.08 R683742 3 $ 59,174.67 $ 5,215.08 R683743 3 $ 59,174.67 $ 5,215.08 R683744 3 $ 59,174.67 $ 5,215.08 R683745 3 $ 59,174.67 $ 5,215.08 R683746 3 $ 59,174.67 $ 5,215.08 R683747 3 $ 59,174.67 $ 5,215.08 R683748 3 $ 59,174.67 $ 5,215.08 R683749 3 $ 59,174.67 $ 5,215.08 R683750 3 $ 59,174.67 $ 5,215.08 R683751 3 $ 59,174.67 $ 5,215.08 R683752 3 $ 59,174.67 $ 5,215.08 R683753 3 $ 59,174.67 $ 5,215.08 R683754 3 $ 59,174.67 $ 5,215.08 R683755 3 $ 59,174.67 $ 5,215.08 R683756 3 $ 59,174.67 $ 5,215.08 Total $ 4,800,000.00 $ 423,025.00 Footnotes: [a] Property IDs preliminary and subject to change based on certified rolls provided by the County prior to billing. [b] Annual Installment due may not match Service Plan or Annual Installment schedule due to rounding. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT 45 PLAN EXHIBIT G - IMPROVEMENT AREA #1 ANNUAL INSTALLMENTS 2026 $ - $ 71,324.24 $ (71,324.24) $ $ - $ 2027 $ 104,000.00 $ 254,225.00 $ $ 24,000.00 $ 40,800.00 $ 423,025.00 2028 $ 109,000.00 $ 249,675.00 $ $ 23,480.00 $ 41,616.00 $ 423,771.00 2029 $ 113,000.00 $ 244,906.26 $ $ 22,935.00 $ 42,448.32 $ 423,289.58 2030 $ 118,000.00 $ 239,962.50 $ $ 22,370.00 $ 43,297.29 $ 423,629.79 2031 $ 123,000.00 $ 234,800.00 $ $ 21,780.00 $ 44,163.23 $ 423,743.23 2032 $ 128,000.00 $ 229,418.76 $ $ 21,165.00 $ 45,046.50 $ 423,630.26 2033 $ 133,000.00 $ 223,818.76 $ $ 20,525.00 $ 45,947.43 $ 423,291.19 2034 $ 139,000.00 $ 218,000.00 $ $ 19,860.00 $ 46,866.38 $ 423,726.38 2035 $ 144,000.00 $ 211,918.76 $ $ 19,165.00 $ 47,803.70 $ 422,887.46 2036 $ 151,000.00 $ 205,618.76 $ $ 18,445.00 $ 48,759.78 $ 423,823.54 2037 $ 157,000.00 $ 199,012.50 $ $ 17,690.00 $ 49,734.97 $ 423,437.47 2038 $ 165,000.00 $ 190,181.26 $ $ 16,905.00 $ 50,729.67 $ 422,815.93 2039 $ 175,000.00 $ 180,900.00 $ $ 16,080.00 $ 51,744.27 $ 423,724.27 2040 $ 184,000.00 $ 171,056.26 $ $ 15,205.00 $ 52,779.15 $ 423,040.41 2041 $ 195,000.00 $ 160,706.26 $ $ 14,285.00 $ 53,834.73 $ 423,825.99 2042 $ 205,000.00 $ 149,737.50 $ $ 13,310.00 $ 54,911.43 $ 422,958.93 2043 $ 217,000.00 $ 138,206.26 $ $ 12,285.00 $ 56,009.66 $ 423,500.92 2044 $ 229,000.00 $ 126,000.00 $ $ 11,200.00 $ 57,129.85 $ 423,329.85 2045 $ 242,000.00 $ 113,118.76 $ $ 10,055.00 $ 58,272.45 $ 423,446.21 2046 $ 256,000.00 $ 99,506.26 $ $ 8,845.00 $ 59,437.90 $ 423,789.16 2047 $ 270,000.00 $ 85,106.26 $ $ 7,565.00 $ 60,626.65 $ 423,297.91 2048 $ 285,000.00 $ 69,918.76 $ $ 6,215.00 $ 61,839.19 $ 422,972.95 2049 $ 302,000.00 $ 53,887.50 $ $ 4,790.00 $ 63,075.97 $ 423,753.47 2050 $ 319,000.00 $ 36,900.00 $ $ 3,280.00 $ 64,337.49 $ 423,517.49 2051 $ 337,000.00 $ 18.956.26 $ $ 1,685.00 $ 65,624.24 1 $ 423,265.50 Total $ 4.800.000.00 $ 4,176,861.99 $ (71,324.24) $ 373,120.00 $ 1,306,836.23 1 $ 10,585,493.87 Footnotes: [a] Interest is calculated based on the actual rate on the PID Bonds. [b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT 46 PLAN EXHIBIT H - MAXIMUM ASSESSMENT PER LOT TYPE Footnotes: [a] As provided in the Developer model dated 12/15/2025. BLLIFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT I - MAPS OF AUTHORIZED IMPROVEMENTS m3 t .\\`` .�rl %'rlv.aa.'r �r �, ••I�I•., r�.'• t1 --• ��.��lr 1 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. 48 BLLIFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 3 3 Ayl RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. 49 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. 6 � � AAEAFA712 �} .. tt. s„ so BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 1 - - 1 T7. ApfA 11 'kv RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. wwwwwwwwwwww.wwwwws� �� 51 i� nfi y • � ' r'. 'tr rr BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN 52 RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. 53 .. - =�=,gip— __'1`_:�'�=�:'�r1 �� • . ' � ^•� � _ L ter~ • .... !. BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. r �� „.�•.w i,o r11 54 EXHIBIT J - LOT TYPE CLASSIFICATION MAP BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. 55 EXHIBIT K - 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 me if you have any questions or need additional information. Sincerely, [Signature] P3Works, LLC P: (817) 393-0353 admin@p3-works.com 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 § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF WILLIAMSON § 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 March 22, 2022, the City Council for the City, approved Resolution No. 032222-AA, creating the Bluffview Public Improvement District; and WHEREAS, the Bluffview Public Improvement District consists of approximately 68.080 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 Bluffview Public Improvement District; and WHEREAS, the Assessment Ordinance imposed an assessment in the amount of $ (hereinafter referred to as the "Lien Amount") for the following property: [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, the City, the owner and holder of the Lien, Instrument No. , in the Real Property Records of Williamson County, Texas, in the amount of the Lien Amount against the Property releases and discharges, and by these presents does hereby release and discharge, the above -described Property from said lien held by the undersigned securing said indebtedness. 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 , 20J by [City Official Name], City Official Title for the City of Georgetown, Texas, on behalf of said municipality. Notary Public, State of Texas EXHIBIT L — BLUFFVIEW FINAL PLAT BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN BLUFFVIEW FINAL PLAT s; I= ,= t rt a ., n =: CY'�11=9 RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation. EARLY LAND SURYE A 59 -010 OGG ire Vol" 72 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation EARLY MSURMIS 13LUFINIEW -=7 I FIN-kL PLAT 60 BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation BLUFF VIEW ;. \ FINAL PLAT m atlr ;Q� a w ewi - u n m u J N by m 1 EARLY mSURVON BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN OI I nrry ` � • � r : r'n�iii' � j 1 1 'd p RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation 62 BLUFFVIEW FINAL PLAT PJAGC TQf,-i- EXR-9ri ys ff EARLY LAND SRVM SS oe ol BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation 63 r •, ma iv ar r..v4 ayiuiA •.e i.. rn o r 'wp t.+.� �_ -. r.w e w • w• �.p ra..ai r%•�iY V .�irr. -a[w niw.�yr�.Tr � M r.+w:'a Ywifa-�w �Y ww w.�rwr+►��.�i. .o. vxr. rs ..area •iLn rf k a � � rn .IVcI '.M w BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN T.'+'[ .�+`Jw:.�:".�`.". tea:.: :.T.. .. r..n..• Yw'M lr�Ww•r wV..+^r .wM4w'r xua.• .. hr s.� .a a•Y [.w[vw � ~ � cw . u.rw. ...i.➢ w. e . mu .n Av adw ass RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation 11 BLITFNIEW �1pe'n'p�y_ FINAL PLAT I�dSI�D SUVE �7� � R _ uw..n.eaerrrcY,rT.r �asrc-a�a ��- BLUFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT PLAN BLUFFVIEW FINAL PLAT RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation ..Ctlui3lrb•. •SC7...,.. A.... M.....,,..., I . EARLY LAND SURAYIN6 :�; » ...... kx-w a. a_ 66 EXHIBIT M — BUYER DISCLOSURES Forms of the buyer disclosures for the following Lot Types are found in this Exhibit: Improvement Area # 1 ■ Lot Type 1 ■ Lot Type 2 ■ Lot Type 3 BLLIFFVIEW PID PRELIMINARY SERVICE AND ASSESSMENT 67 PLAN IMPROVEMENT AREA #1 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 IMPROVEMENT AREA #1 LOT TYPE 1 PRINCIPAL ASSESSMENT: $41,110.82 As the purchaser of the real property described above, you are obligated to pay assessments to 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 Bluffview Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS 0 COUNTY OF WILLIAMSON DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this .20 Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]' ,20 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 1 2026 $ - $ 610.87 $ (610.87) $ - $ - $ 2027 $ 890.73 $ 2,177.37 $ $ 205.55 $ 349.44 $ 3,623.11 2028 $ 933.56 $ 2,138.41 $ $ 201.10 $ 356.43 $ 3,629.49 2029 $ 967.82 $ 2,097.56 $ $ 196.43 $ 363.56 $ 3,625.37 2030 $ 1,010.64 $ 2,055.22 $ $ 191.59 $ 370.83 $ 3,628.29 2031 $ 1,053.46 $ 2,011.00 $ $ 186.54 $ 378.25 $ 3,629.26 2032 $ 1,096.29 $ 1,964.92 $ $ 181.27 $ 385.81 $ 3,628.29 2033 $ 1,139.11 $ 1,916.95 $ $ 175.79 $ 393.53 $ 3,625.39 2034 $ 1,190.50 $ 1,867.12 $ $ 170.10 $ 401.40 $ 3,629.11 2035 $ 1,233.32 $ 1,815.03 $ $ 164.14 $ 409.43 $ 3,621.93 2036 $ 1,293.28 $ 1,761.07 $ $ 157.98 $ 417.62 $ 3,629.94 2037 $ 1,344.67 $ 1,704.49 $ $ 151.51 $ 425.97 $ 3,626.64 2038 $ 1,413.18 $ 1,628.86 $ $ 144.79 $ 434.49 $ 3,621.31 2039 $ 1,498.83 $ 1,549.36 $ $ 137.72 $ 443.18 $ 3,629.09 2040 $ 1,575.91 $ 1,465.05 $ $ 130.23 $ 452.04 $ 3,623.24 2041 $ 1,670.13 $ 1,376.41 $ $ 122.35 $ 461.08 $ 3,629.97 2042 $ 1,755.77 $ 1,282.46 $ $ 114.00 $ 470.30 $ 3,622.54 2043 $ 1,858.55 $ 1,183.70 $ $ 105.22 $ 479.71 $ 3,627.18 2044 $ 1,961.33 $ 1,079.16 $ $ 95.93 $ 489.30 $ 3,625.72 2045 $ 2,072.67 $ 968.83 $ $ 86.12 $ 499.09 $ 3,626.71 2046 $ 2,192.58 $ 852.25 $ $ 75.76 $ 509.07 $ 3,629.65 2047 $ 2,312.48 $ 728.91 $ $ 64.79 $ 519.25 $ 3,625.44 2048 $ 2,440.96 $ 598.84 $ $ 53.23 $ 529.64 $ 3,622.66 2049 $ 2,586.56 $ 461.53 $ $ 41.03 $ 540.23 $ 3,629.34 2050 $ 2,732.16 $ 316.04 $ $ 28.09 $ 551.03 $ 3,627.32 2051 $ 2,886.32 $ 162.36 $ $ 14.43 $ 562.06 $ 3,625.17 Total $ 41,110.82 $ 35,773.80 $ (620.87) $ 3,295.68 $ 11,192.73 $ 90,662.16 Footnotes: [a] Interest is calculated based on the actual rate on the PID Bonds. [b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown. IMPROVEMENT AREA #1 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 IMPROVEMENT AREA #1 LOT TYPE 2 PRINCIPAL ASSESSMENT: $49,208.41 As the purchaser of the real property described above, you are obligated to pay assessments to 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 Bluffview 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. I To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of 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 WILLLIAMSON The foregoing instrument was acknowledged before me by_ and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this _ , 20_. Notary Public, State of Texas]4 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. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 2 2026 $ - $ 731.20 $ (731.20) $ - $ - $ 2027 $ 1,066.18 $ 2,606.25 $ $ 246.04 $ 418.27 $ 4,336.75 2028 $ 1,117.44 $ 2,559.61 $ - $ 240.71 $ 426.64 $ 4,344.40 2029 $ 1,158.45 $ 2,510.72 $ $ 235.12 $ 435.17 $ 4,339.46 2030 $ 1,209.71 $ 2,460.04 $ $ 229.33 $ 443.87 $ 4,342.95 2031 $ 1,260.97 $ 2,407.11 $ $ 223.28 $ 452.75 $ 4,344.11 2032 $ 1,312.22 $ 2,351.94 $ - $ 216.98 $ 461.81 $ 4,342.95 2033 $ 1,363.48 $ 2,294.53 $ $ 210.42 $ 471.04 $ 4,339.48 2034 $ 1,424.99 $ 2,234.88 $ $ 203.60 $ 480.46 $ 4,343.94 2035 $ 1,476.25 $ 2,172.54 $ $ 196.47 $ 490.07 $ 4,335.34 2036 $ 1,548.01 $ 2,107.95 $ $ 189.09 $ 499.87 $ 4,344.93 2037 $ 1,609.53 $ 2,040.23 $ $ 181.35 $ 509.87 $ 4,340.98 2038 $ 1,691.54 $ 1,949.69 $ $ 173.31 $ 520.07 $ 4,334.60 2039 $ 1,794.06 $ 1,854.54 $ $ 164.85 $ 530.47 $ 4,343.92 2040 $ 1,886.32 $ 1,753.63 $ $ 155.88 $ 541.08 $ 4,336.91 2041 $ 1,999.09 $ 1,647.52 $ $ 146.45 $ 551.90 $ 4,344.96 2042 $ 2,101.61 $ 1,535.07 $ - $ 136.45 $ 562.94 $ 4,336.07 2043 $ 2,224.63 $ 1,416.86 $ $ 125.94 $ 574.20 $ 4,341.63 2044 $ 2,347.65 $ 1,291.72 $ $ 114.82 $ 585.68 $ 4,339.87 2045 $ 2,480.92 $ 1,159.67 $ $ 103.08 $ 597.39 $ 4,341.07 2046 $ 2,624.45 $ 1,020.11 $ - $ 90.68 $ 609.34 $ 4,344.58 2047 $ 2,767.97 $ 872.49 $ $ 77.55 $ 621.53 $ 4,339.55 2048 $ 2,921.75 $ 716.79 $ $ 63.71 $ 633.96 $ 4,336.21 2049 $ 3,096.03 $ 552.44 $ $ 49.11 $ 646.64 $ 4,344.22 2050 $ 3,270.31 $ 378.29 $ $ 33.63 $ 659.57 $ 4,341.80 2051 $ 3,454.84 $ 194.33 $ $ 17.27 $ 672.76 $ 4,339.21 Total $ 49,208.41 $ 42,820.15 $ (732.20) $ 3,825.23 $ 23,397.36 $ 108,519.86 Footnotes: [a] Interest is calculated based on the actual rate on the PID Bonds. [b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown. IMPROVEMENT AREA #1 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 IMPROVEMENT AREA #1 LOT TYPE 3 PRINCIPAL ASSESSMENT: $59,174.67 As the purchaser of the real property described above, you are obligated to pay assessments to 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 Bluffview Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from the City of Georgetown. The exact amount of each annual installment will be approved each year by the Georgetown City Council in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from the City of Georgetown. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: 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 Texas13 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Williamson County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF WILLIAMSON DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20 Notary Public, State of Texas]4 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. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 3 2026 $ - $ 879.29 $ (879.29) $ - $ - $ 2027 $ 1,282.12 $ 3,134.10 $ - $ 295.87 $ 502.98 $ 5,215.08 2028 $ 1,343.76 $ 3,078.01 $ $ 289.46 $ 513.04 $ 5,224.27 2029 $ 1,393.07 $ 3,019.22 $ $ 282.74 $ 523.31 $ 5,218.34 2030 $ 1,454.71 $ 2,958.27 $ $ 275.78 $ 533.77 $ 5,222.53 2031 $ 1,516.35 $ 2,894.63 $ $ 268.51 $ 544.45 $ 5,223.93 2032 $ 1,577.99 $ 2,828.29 $ $ 260.92 $ 555.34 $ 5,222.54 2033 $ 1,639.63 $ 2,759.25 $ $ 253.03 $ 566.44 $ 5,218.36 2034 $ 1,713.60 $ 2,687.52 $ $ 244.84 $ 577.77 $ 5,223.72 2035 $ 1,775.24 $ 2,612.55 $ $ 236.27 $ 589.33 $ 5,213.38 2036 $ 1,861.54 $ 2,534.88 $ $ 227.39 $ 601.11 $ 5,224.92 2037 $ 1,935.50 $ 2,453.44 $ $ 218.08 $ 613.14 $ 5,220.16 2038 $ 2,034.13 $ 2,344.57 $ $ 208.41 $ 625.40 $ 5,212.50 2039 $ 2,157.41 $ 2,230.15 $ $ 198.24 $ 637.91 $ 5,223.70 2040 $ 2,268.36 $ 2,108.79 $ $ 187.45 $ 650.66 $ 5,215.27 2041 $ 2,403.97 $ 1,981.20 $ $ 176.11 $ 663.68 $ 5,224.95 2042 $ 2,527.25 $ 1,845.97 $ $ 164.09 $ 676.95 $ 5,214.26 2043 $ 2,675.19 $ 1,703.81 $ $ 151.45 $ 690.49 $ 5,220.94 2044 $ 2,823.12 $ 1,553.34 $ $ 138.07 $ 704.30 $ 5,218.83 2045 $ 2,983.39 $ 1,394.53 $ $ 123.96 $ 718.39 $ 5,220.27 2046 $ 3,155.98 $ 1,226.72 $ $ 109.04 $ 732.75 $ 5,224.50 2047 $ 3,328.58 $ 1,049.19 $ $ 93.26 $ 747.41 $ 5,218.44 2048 $ 3,513.50 $ 861.96 $ $ 76.62 $ 762.36 $ 5,214.43 2049 $ 3,723.07 $ 664.33 $ $ 59.05 $ 777.60 $ 5,224.06 2050 $ 3,932.65 $ 454.91 $ $ 40.44 $ 793.16 $ 5,221.15 2051 $ 4,154.55 $ 233.69 $ $ 20.77 $ 809.02 $ 5,218.04 Total $ 59,174.67 $ 51,492.59 $ (879.29) $ 4,599.84 $ 16,110.75 $ 130,498.56 Footnotes [a] Interest is calculated based on the actual rate on the PID Bonds. [b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or decrease the amounts shown. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment APPENDIX A - ENGINEER'S REPORT [Remainder of page left intentionally blank.] ENGINEERING REPORT FOR BLUFFVIEW PUBLIC IMPROVEMENT DISTRICT CITY OF GEORGETOWN Prepared for: Lamy 2243, Ltd. 1717 West 6th Street, Suite 400 Austin, Texas 78703 Prepared by: LJA Engineering, Inc. TBPE Firm No. F-1386 7500 Rialto Blvd., Bid. 2, Suite 100 Austin, Texas 78735 TBPE: F-1386 (512) 439-4700 November 2021 Revised April 2026 .a�oev'4'a OF•7F D� �T W OYSA .............. p . 100072 :.�Q 26 Bluffview Public Improvement District Engineering Report TABLE OF CONTENTS Introduction Development Cost Development Improvements Landscape Improvements Development Schedule APPENDICES Appendix A — Site Location Map Appendix B — Legal Description of Improvement Area #1 Appendix C — Public Improvement District Areas #1 and #2 & Major Improvements Exhibit Appendix D — Engineer's Opinion of Probable Cost Appendix E — Overall Park Improvements Exhibit Appendix F — Overall Water and Wastewater Improvements Exhibit (2 Sheets) Appendix G — Overall Drainage Improvements Exhibit (2 Sheets) Page 2 G:W140-0419 BluffvieMENGINEERING1Updated Engineering ReportXEngineeringReport-11-10-2025 doc 11 /14/2025 3 3 4 5 5 Bluffview Public Improvement District Engineering Report INTRODUCTION The Bluffview development is located within the City of Georgetown's City Limits, Williamson County, Texas. The development is bounded on the south by Leander Road (RR 2243), Southwest Bypass on the west, Riverview Estates on the east and undeveloped property to the north. The Public Improvement District (PID) is approximately 68 acres. Attached as Appendix A, you will find a site location map. This report provides documentation of the public infrastructure items proposed to be funded by the PID through issuance of bonds by the City of Georgetown. DEVELOPMENT COST In preparing the Engineer's opinion of probable cost (OPC), the development was divided into two areas. Area #1 includes: entry road, single-family lots, and park improvements. Area #2 includes the multi -family lots. The legal description of Improvement Area #1 is included in Appendix B. Please see Appendix C for Public Improvement District Areas #1 and #2 Exhibit. The improvements associated with the entrance road, park access road and parking are identified on Appendix C as Major Improvements Area. It is anticipated that this area will be constructed with the single-family (Area #1). The costs include street, sidewalks, drainage, water, and wastewater to serve Areas 1 and 2 (water quality ponds are shown in the total cost but excluded from the PID Improvements cost). A ten -foot wide shared -use path, five-foot sidewalk along the opposite side of roadway, and eight park benches are included in the entry road cost. Park Access Drive and Trail Improvements, identified in the OPC, includes a five-foot wide concrete sidewalk (from the end of the entry road to trailhead parking), park access road, park entrance parking, and an eight -foot wide concrete trail (Bluffview Trail) and drainage from the trailhead parking to the proposed South Fork San Gabriel trail. The end of the eight -foot wide trail is to end in the vicinity of the northwest boundary of the existing Lyndoch Park. It should also be noted that the eight -foot trail crosses two small tributaries, to cross those tributaries, low water crossings were included in the cost. The low water crossing included drainage pipes and concrete apron to prevent erosion. Bluffview Natural Area improvements includes a five -foot - wide concrete path from the existing River Down Road (located within the Riverview Estates) to a roadway within the proposed Bluffview single-family subdivision. Where this concrete trail ties into the single family, parallel parking for four cars has been included by widening the roadway Page 3 G:W140-0418 BluffvieMENGINEERING\Updated Engineering Report\EngineeringRepart-11-10-2025.doc 11/14/2025 Bluffview Public Improvement District Engineering Report by five feet. Also included within the Bluffview Natural Area improvements are a bluff view concrete path which includes three park benches. To keep pedestrians safe, a wrought iron fence has been included in the park improvements. Please see Appendix D, for the Engineer's Opinion of Probable Cost. DEVELOPMENTIMPROVEMENTS Within the OPC (Appendix D) are street, drainage, water, wastewater, permanent restoration and temporary erosion controls. The costs are identified as follows: Street/Park Improvements: The street improvements include temporary erosion controls, clearing and grubbing, excavation/embankment, subgrade preparation, flexible base, Hot Mix Asphalt Concrete, curb and gutter, traffic control, concrete sidewalk/path/trail, trail low water crossing, sidewalk ramps, trail parking, Bluffview parking, street marking and signs, saw cut and tie to existing pavement, tree protection, park benches, and permanent restoration. See Appendix E Overall Park Improvements Exhibit. The Street/Park Improvements will be owned by Georgetown and maintained by Georgetown. Water Improvements: Water improvements include tie to existing 16" water line, trench safety, pressure reducing valve with box, water lines, gate valves, fire hydrants, valve casting adjustments, cast iron fittings, services, irrigation sleeves, air release valves, and automatic flush valve. See Appendix F for Overall Water and Wastewater Improvements Exhibit. The Water Improvements will be owned by Georgetown and maintained by Georgetown. Wastewater Improvements: Wastewater improvements includes an 18" wastewater line (shown as Wastewater Trunk Line in cost estimates) that will not only serve this project but future development to the west of Southwest Bypass. Other wastewater improvements include, 8" and 10" wastewater lines, trench safety, manholes, extra depth, raise manhole castings, bore with encasement, connect to existing line, and services. See Appendix F for Overall Water and Wastewater Improvements Exhibit. The Wastewater Improvements will be owned by Georgetown and maintained by Georgetown. Page 4 GAA140-0418 BluffAeMENGINEERING\Updated Engineering Report\EngineeringReport-11-10-2025.doc 11 /14/2025 Bluffview Public Improvement District Engineering Report Drainage Improvements: The drainage includes storm sewer, trench safety, manholes, junction boxes, curb inlets, grate inlets, berms, berm/swale, channel and headwall. The water quality/detention ponds, which total over a million dollars, are excluded from PID Improvements, per City's request. Appendix G for Overall Drainage Improvements Exhibit. The Drainage Improvements will be owned by Georgetown and maintained by Georgetown. Contingency, Engineering and Surveying, Protect Management Included in the summary are an estimated 14% for soft costs including contingency, engineering, and project management. LANDSCAPEIMPROVEMENTS Included within the Area #1 (Entrance Road) we included rock wall, rock columns, entry monument and landscaping (trees/scrubs/sod). DEVELOPMENT SCHEDULE It is assumed that Area #1 will be constructed first. This will include the entry road, single-family, and the park improvements. This would include the wastewater trunk line, park access drive and parking, and the private park improvements. Construction Stage Construction plans for Area #1 were approved September 2024, construction started February 2025 and will be completed November 2025. Assuming Area #2 construction plans will be completed in the future. Page 5 GAA140-0418 BlufNeMENGINEERING\Updated Engineering Report\EngineeringReport-11-10-2025.doc 11/14/2025 Bluffview Public Improvement District Engineering Report APPENDIX A Site Location Map G:W140-0418 Bluf view\ENGINEERING\Updated Engineering Report\EngineeringRepart-1 1-1 0-2025.doc 11 /14/2025 Bluffview Public Improvement District Engineering Report APPENDIX B Legal Description of Improvement Area #1 G:W140-0418 BluffOeMENGINEERING\Updated Engineering ReportlEngineeringReport-11-10-2025.doc 11/14/2026 EARLY LekND SURVEYING. LLC. P.O. Box 92588, Austin, TX 78709 512-202-8631 earlysurveying.com TBPELS Firm No. 10194487 30.197 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 30.197 ACRES (APPROXIMATELY 1,315,395 SQ. FT.) IN THE JOSEPH THOMPSON SURVEY, ABSTRACT NO. 608 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 68.080 ACRE TRACT CONVEYED TO LAMY 2243, LTD IN A SPECIAL WARRANTY DEED EFFECTIVE MARCH 29, 2013 AND RECORDED IN DOCUMENT NO. 2013028282, OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND ALL OF A 1.248 ACRE TRACT CONVEYED TO LAMY 2243, LTD., IN A SPECIAL WARRANTY DEED EXECUTED MAY 18, 2023 AND RECORDED IN DOCUMENT NO. 2023048610 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 30.197 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 1/2" rebar found for the northwest terminus of River Down Road (50' right-of-way width) as shown on Resubdivision of Riverview Estates, a subdivision of record in Cabinet K, Slide 51 of the Plat Records of Williamson County, Texas, being in the northeast line of the said 68.080 acre tract, being also the southwest corner of Lot 8, Block E of said Resubdivision of Riverview Estates; THENCE South 18'15'27" East, with the southwest termination of River Down Road and the northeast line of the said 68.080 acre tract, a distance of 49.97 feet to a calculated point for the southwest terminus of River Down Road, being the northwest corner of Lot 22, Block F of said Resubdivision of Riverview Estates; THENCE with the northeast line of the said 68.080 acre tract and the southwest line of said Lot 22, the following courses and distances: 1. South 20°23'07" East, a distance of 161.74 feet to a calculated point; 2. South 19048'07" East, a distance of 150.06 feet to a calculated point; 3. South 20'04'17" East, a distance of 127.72 feet to a calculated point, 4. South 19°01'36" East, a distance of 44.65 feet to a calculated point; 5. South 19°20'25" East, a distance of 149.00 feet to a calculated point; 6. South 20'11'22" East, a distance of 150.99 feet to a calculated point, 7. South 20°23'22" East, a distance of 151.07 feet to a calculated point; 8. South 21 °59'08" East, a distance of 123.93 feet to a calculated point; Page 2 9. South 21 °54'24" East, a distance of 133.88 feet to a calculated point for the northwest terminus of Bent Tree Drive (50' right-of-way width) as shown on said Resubdivision of Riverview Estates, being the southwest corner of said Lot 22; THENCE South 22°07'34" East, with the southwest termination of Bent Tree Drive and the northeast line of the said 68.080 acre tract, a distance of 50.02 feet to a calculated point for the southwest terminus of Bent Tree Drive, being the northwest corner of Lot 1, Block G of said Resubdivision of Riverview Estates; THENCE with the northeast line of the said 68.080 acre tract and the southwest line of said Lot 1, the following courses and distances: 1. South 21 °48'52" East, a distance of 180.94 feet to a calculated point; 2. South 21 °31'44" East, a distance of 229.94 feet to a calculated point; 3. South 21 °00'07" East, a distance of 78.31 feet to a calculated point, 4. South 18°30'47" East, a distance of 8.80 feet to a calculated point; 5. South 19°52'38" East, a distance of 85.88 feet to a calculated point; 6. South 18°52'05" East, a distance of 100.07 feet to a calculated point; THENCE South 59°05'00" West, with a southeast line of the said 68.080 acre tract and crossing a 1048.20 acre tract described in Document No. 2005090431 of the Official Public Records of Williamson County, Texas, and being further described in Volume 522, Page 451 of the Deed Records of Williamson County, Texas, a distance of 359.31 feet to a calculated point for the northeast corner of the said 1.248 acre tract, THENCE with the northeast line of the said 1.248 acre tract and crossing the said 1048.20 acre tract, the following courses and distances: 1. South 24040'44" East, a distance of 29.42 feet to a calculated point; 2. With a curve to the left, having a radius of 288.00 feet, a delta angle of 05°48'05", an arc length of 29.16 feet, and a chord which bears South 27°34'47" East, a distance of 29.15 feet to a calculated point; 3. South 30°28'49" East, a distance of 637.73 feet to a calculated point; 4. With a curve to the left, having a radius of 25.00 feet, a delta angle of 89058'44", an arc length of 39.26 feet, and a chord which bears South 75'28'11" East, a distance of 35.35 feet to a calculated point in the northwest right-of-way line of F.M. 2243 (80' right-of-way width), being the easternmost corner of the said 1.248 acre tract, from which a 1/2" rebar found for an angle point in the northwest right- of-way line of F.M. 2243, bears North 59032'27" East, a distance of 183.79 feet; Page 3 THENCE South 59°32'27" West, with the northwest right-of-way line of F.M. 2243 and the southeast line of the said 1.248 acre tract, a distance of 130.07 feet to a mag nail with "Early Boundary" washer set for the southeast corner of the said 68.080 acre tract; THENCE South 59032'27" West, with the northwest right-of-way line of F.M. 2243 and the south line of the said 68.080 acre tract, a distance of 9.93 feet to a calculated point for a point of curvature in the southeast line of a 0.774 acre tract described in Document No. 2023048609 of the Official Public Records of Williamson County, Texas; THENCE crossing the said 68.080 acre tract and with the southeast line of the said 0.774 acre tract, with a curve to the left, having a radius of 25.00 feet, a delta angle of 11 °2522", an arc length of 4.98 feet, and a chord which bears North 53°49'46" East, a distance of 4.98 feet, to a calculated point for the easternmost corner of the said 0.774 acre tract, being the southernmost corner of the said 1.248 acre tract; THENCE with the southwest line of the said 1.248 acre tract and crossing the said 1048.20 acre tract, the following courses and distances: 1. With a curve to the left, having a radius of 25.00 feet, a delta angle of 78°35'54", an arc length of 34.30 feet, and a chord which bears North 08°49'08" East, a distance of 31.67 feet to a calculated point; 2. North 30028'49" West, a distance of 406.56 feet to a calculated point; THENCE crossing the said 68.080 acre tract, the following courses and distances: 1. North 30028'49" West, a distance of 128.35 feet to a calculated point; 2. With a curve to the right, having a radius of 313.50 feet, a delta angle of 13°38'56", an arc length of 74.68 feet, and a chord which bears North 23039'21" West, a distance of 74.50 feet to a calculated point; 3. North 16°49'53" West, a distance of 93.61 feet to a calculated point; 4. With a curve to the left, having a radius of 500.00 feet, a delta angle of 03010'53", an arc length of 27.76 feet, and a chord which bears North 18025'20" West, a distance of 27.76 feet to a calculated point; 5. North 20000'46" West, a distance of 222.48 feet to a calculated point; 6. With a curve to the left, having a radius of 475.00 feet, a delta angle of 08°03'08", an arc length of 66.76 feet, and a chord which bears North 24002'20" West, a distance of 66.70 feet to a calculated point; 7. North 28003'54" West, a distance of 101.49 feet to a calculated point; 8. With a curve to the right, having a radius of 525.00 feet, a delta angle of 06006'12", an arc length of 55.92 feet, and a chord which bears North 25000'48" West, a distance of 55.90 feet to a calculated point; 9. North 21 °57'42" West, a distance of 151.66 feet to a calculated point, Page 4 10. With a curve to the left, having a radius of 420.00 feet, a delta angle of 45'14'21 ", an arc length of 331.62 feet, and a chord which bears North 44034'53" West, a distance of 323.07 feet to a calculated point, 11. North 67°12'03" West, a distance of 193.08 feet to a calculated point; 12. With a curve to the left, having a radius of 575.00 feet, a delta angle of 21 °33'21 ", an arc length of 216.38 feet, and a chord which bears North 77058'44" West, a distance of 215.05 feet to a calculated point; 13. North 88°45'24" West, a distance of 101.18 feet to a calculated point; 14. North 01 °14'36" East, a distance of 50.00 feet to a calculated point, 15. South 85058'43" West, a distance of 12.49 feet to a calculated point; 16. South 87014'20" West, a distance of 48.02 feet to a calculated point, 17. North 88°45'24" West, a distance of 146.84 feet to a calculated point; 18. With a curve to the right, having a radius of 99.50 feet, a delta angle of 24°30'40", an arc length of 42.57 feet, and a chord which bears North 76030'05" West, a distance of 42.24 feet to a calculated point, from which a 1 /2" rebar with "Diamond Surveying" cap found in the northeast right-of-way line of Southwest Bypass (right- of-way width varies) as described in Document Nos. 2015010273 and 2015109482, both of the Official Public Records of Williamson County, Texas, being in the southwest line of the said 68.080 acre tract, bears South 07°46'21" West, a distance of 203.06 feet; 19. North 31 °49'39" East, a distance of 1133.23 feet to a calculated point; 20. South 46043'30" East, a distance of 34.20 feet to a calculated point; 21. North 31 049'39" East, a distance of 26.84 feet to a calculated point; 22. South 42052'33" East, a distance of 105.39 feet to a calculated point; 23. South 83022'43" East, a distance of 31.07 feet to a calculated point, 24. South 84032'21" East, a distance of 28.71 feet to a calculated point; 25. North 36°37'20" East, a distance of 11.78 feet to a calculated point; 26. North 00044'32" East, a distance of 64.40 feet to a calculated point; 27. North 05°07'54" West, a distance of 45.63 feet to a calculated point; 28. North 29042'08" East, a distance of 106.40 feet to a calculated point; 29. North 31 044'05" East, a distance of 51.52 feet to a calculated point in the northeast line of the said 68.080 acre tract, being in the southwest line of said Lot 8, from which a 1/2" rebar with "Terra Firma" cap found in the northeast line of the said 68.080 acre tract, being in the southwest line of said Lot 8, bears North 20059'57" West, a distance of 7.13 feet; Page 5 THENCE South 20°59'57" East, with the northeast line of the said 68.080 acre tract and the southwest line of said Lot 8, a distance of 63.16 feet to the POINT OF BEGINNING, containing 30.197 acres of land, more or less. Surveyed on the ground on June 7, 2024. Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network. Attachments: Survey Drawing No. 1014-002-PHASE 1 ALTA 8/7/2024 (JOEBEN EARLY, JR Joe Ben Early, Jr. Date soi6.jRegistered Professional Land SurveyorState of Texas No. 6016 All save and except the following described 1.248 acre Tract of Land as described in the Deed to Lamy 2243, LTD recorded in Document Number 2023048610 of the Official Public Records of Williamson County, Texas: P.4, Box 92S88, Austin, TX 787014 512-202-863 t earlysurveying.corn THPELS Firm No. 10-194487 1.248 ACRES WILLIAMSON COUNTY, TEXAS A DESCRIPTION OF 1.248 ACRES (APPROXIMATELY 54,369 SQ, FT.), IN THE JOSEPH THOMPSON SURVEY, ABSTRACT NO. 608 IN WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A 1048.20 ACRE TRACT CONVEYED TO A.C. WEIR PROPERTIES, LTD. IN A SPECIAL WARRANTY DEED EFFECTIVE JULY 20, 2005 AND RECORDED IN DOCUMENT NO. 2005090431 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND DESCRIBED IN VOLUME 522, PAGE 451 OF THE DEED RECORDS OF WILLIAMSON COUNTY, TEXAS; SAID 1.248 ACRES BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a calculated point in the northwest right-of-way line of F,M. 2243 (80' right-of-way width), from which a 3/8" rebar found for an angle point in the northwest right-of-way line of F.M. 2243, being the southernmost corner of Lot 1, Block G, Resubdivision of Riverview Estates, a subdivision of record in Cabinet K, Slide 51 of the Plat Records of Williamson County, Texas, bears North 59"32'27" East, a distance of 183.41 feet, then North 17028'32" West, a distance of 20.53 feet; THENCE South 59°32'27" West, with the northwest right-of-way line of F.M. 2243, a distance of 130.45 feet to a mag nail with "Early Boundary" washer set for an eastern corner of a 68.080 acre tract described in Document No. 2013028282 of the Official Public Records of Williamson County, Texas, from which a 1/2" rebar found in the northwest right-of-way line of F.M. 2243, being the southernmost corner of the said 68.080 acre tract, bears South 59032'27" West, a distance of 115.34 feet; THENCE crossing the said 1048.20 acre tract and with a northeast line of the said 68.080 acre tract, a curve to the right, having a radius of 25.00 feet, a delta angle of 11'02'23", an arc length of 4.82 feet, and a chord which bears South 64"59'40" West, a distance of 4.81 feet to a calculated point, from which a 1/2" rebar found in the northeast line of the said 68.080 acre tract, bears with a curve to the right, having a radius of 25.00 feet, a delta angle of 82°51'13", an arc length of 36.15 feet, and a chord which bears North 68°03'32" West, a distance of 33,08 feet; THENCE crossing the said 1048.20 acre tract, the following two (2) courses and distances: Page 2 1. With a curve to the left, having a radius of 25.00 feet, a delta angle of 79002'52", an arc length of 34.49 feet, and a chord which bears North 09"02'37" East, a distance of 31.82 feet to a calculated point; 2. North 30'28'49" West, a distance of 408.02 feet to a calculated point in the northeast line of the said 68.080 acre tract, from which a 1/2" rebar found in the northeast line of the said 68.080 acre tract, bears South 15'4544" East, a distance of 29.56 feet; THENCE with the perimeter of the said 68,080 acre tract and crossing the said 1048.02 tract, the following two (2) courses and distances: 1. North 15°45'44" West, a distance of 297.67 feet to a 1/2" rebar with "Terra Firma" cap found; 2. North 59°0500" East, a distance of 18.86 feet to a calculated point; THENCE crossing the said 1048,20 acre tract, the following four (4) courses and distances: 1, South 24'40'44" East, a distance of 29.82 feet to a calculated point; 2. With a curve to the left, having a radius of 288.00 feet, a delta angle of 05'48'05", an arc length of 29.16 feet, and a chord which bears South 27"34'47" East, a distance of 29.15 feet to a calculated point; 3. South 30'28'49" East, a distance of 637.34 feet to a calculated point; 4. With a curve to the left, having a radius of 25.00 feet, a delta angle of 89"5844", an arc length of 39.26 feet, and a chord which bears South 75'28'11" East, a distance of 35.35 feet to the POINT OF BEGINNING, containing 1.248 acres of land, more or less, Surveyed on the ground on April 28, 2022 Bearing Basis: The Texas Coordinate System of 1983 (NAD83), Central Zone, utilizing the SmartNet North America Network, Attachments: Survey Drawing No. 1014-002-WEIR 2 LAMY �. .-7/Za/ZZ. Joe Ben Early, Jr. Date Registered Professional Land Surveyor State of Texas Na. 6016 Blufiview Public Improvement District Engineering Report APPENDIX C Public Improvement District Areas #1 and #2 and Major Improvement Areas Exhibit GAA140-0418 BluffvieMENGINEERING\Updated Engineedng ReportlEngineeringReport-11-10-2025.doc 11/14/2025 do 0 AWAN Off" ��`��11�i � 'O• _ ��`:'�::�`t: s's � ' � RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible For satisfactory recordation f (� I 1 /r .�•� Jai k RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation uxb P.I.D - `_•• �:_,:as,c.� ` AREA Iy/A`..� RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for salisladory recordation I '- I '- RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation Bluffview Public Improvement District Engineering Report APPENDIX D Engineer's Opinion of Probable Cost G:W140-0418 Bluffview\ENGINEERING\Updated Engineering Report\EngineeringReport-11-10-2025.doc 11 /14/2025 am qwY Resounac lnrn.gd[igYtYH41b{IMM►wMMul'CW ome: By M{1 Mr7er Dnpmre�rib DYIR TeW flbM Drpwamub 41,1x4Wx.fi0 41,595,030.W S1,WI,Yl1 b0 S4.5BB,464W OnINW Drpw�intk SB10.{{t W Sx,Di4,xB0.W 41,105,991 W W&B,fi31 W WMeriD9ruvrri{Db 44J],895W {�x1.51flW s{W 494W f1,5&1.]Ox.W Nhp�wWrinpro�enr MR53{5W MIB6300.50 {SW,{e]W si 11 —50 v .Mrw s {1,1W,z1flW {x35,006W s1M,2— Wltml $A,eW{40.5q fs W3.313.59 W{/1,410.50 f144t&{145s t440��MRLW]I 451v.o mlw.W 6W,1Bfl5B {1,Bi0.{D54B ..m-p 441{45W49 3B,&{,414Ya 61,151,I11 W {15,IBI,310.0i RECORDERS MEMORANDUM All or parts of the text on this page was not clearly legible for satisfactory recordation UAErq� RNF-1MM i„ Enpineerinpa9urv.Nnp, lne Enpin.K. 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