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HomeMy WebLinkAboutResolution No. R2024-31RESOLUTION NO. R2024-31 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, ACCEPTING THE PRELIMINARY SERVICE AND ASSESSMENT PLAN FOR AUTHORIZED IMPROVEMENTS WITHIN THE FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT; SETTING A DATE FOR PUBLIC HEARING ON THE PROPOSED LEVY OF ASSESSMENTS; AUTHORIZING THE PUBLICATION AND MAILING OF NOTICE; ENACTING OTHER PROVISIONS RELATING THERETO; AND PROVIDING FOR THE EFFECTIVE DATE. WHEREAS, the City Council (the "City Council") of the City of Friendswood, Texas (the "City"), received a Petition requesting the establishment of a PID (to be known as the "Friendswood City Center Public Improvement District") (the "District") within the corporate limits of the City which was signed by the owners of more than fifty percent (50%) of the appraised value of the taxable real property liable for assessment and the record owners of more than fifty percent (50%) of the area of all taxable real property within the proposed boundaries of the District that was liable for assessment, and as such, the Petition complied with the Public Improvement District Assessment Act (the "Act"); and WHEREAS, after publication and mailing of notice of a public hearing on the creation of the District and after conducting a public hearing, the City Council approved the creation of the District on January 8, 2024, via Resolution No. 2024-01; and WHEREAS, the District is to be developed as a mixed -use development within the City; and WHEREAS, pursuant to Sections 372.013, 372.014, and 372.016 of the Act, the City Council has directed the preparation of a preliminary service and assessment plan for the financing of certain public improvements within the District (the "Authorized Improvements"); and WHEREAS, the preliminary service and assessment plan, which is attached hereto as Exhibit "B" and incorporated herein for all intents and purposes, (the "Preliminary Plan") covers a period of at least five years and defines the annual indebtedness and the projected costs of the Authorized Improvements within the District; and WHEREAS, the Preliminary Plan also includes assessment plans that apportion the costs of the Authorized Improvements to be assessed against property within the District, and such apportionment is made on the basis of special benefits accruing to the assessed property within the District because of the Authorized Improvements; and WHEREAS, the City Council also directed the preparation of an assessment roll for the District that states the assessment against each parcel of land within the District (the "Assessment Roll"); and such Assessment Roll is attached to and a part of the Preliminary Plan; and WHEREAS, after determining the total costs of the Authorized Improvements for the District, the City Council notes that the Preliminary Plan and proposed Assessment Roll may be changed as the City Council deems appropriate before such Preliminary Plan and Assessment Roll are adopted as final by the City Council; and WHEREAS, the City has determined to call a public hearing regarding tine proposed levy of assessments pursuant to the Preliminary Plan and the proposed Assessment Roll on property within the District, pursuant to Section 372.016 of the Act; and WHEREAS, the City desires to publish and mail notice of such public hearing in order to provide notice to all interested parties of the City's proposed levy of assessments against such property in the District, pursuant to Section 372.016 of the Act; and WHEREAS, the City desires to file the Preliminary Plan and Assessment Roll with the City Secretary such that they are available for public inspection pursuant to Section 372.016 of the Act; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, STATE OF TEXAS: Section 1. Findines. The findings and determinations set forth in the preamble hereto are hereby incorporated by reference for all purposes. Section 2. Calling Public Hearing. The City Council hereby calls a public hearing (the "Public Hearing") for 5:30 p.m. on November 4, 2024, at the regular meeting place of the City, the City Council Chamber at Friendswood City Hall, 910 S. Friendswood Dr., Friendswood, Texas 77546 to consider approving the Preliminary Plan, with such changes and amendments as the City Council deems necessary, and the proposed Assessment Roll with such amendments to the assessments on any parcel as the City Council deems necessary, as the final Service and Assessment Plan ( the "Final Plan") and final Assessment Roll (the "Final Roll") for the District. After all objections made at such hearing have been heard, the City Council may (i) levy the assessments as special assessments against each parcel of property in the District as set forth in the Final Plan, including the Final Roll; (ii) specify the method of payment of the assessments; and (iii) provide that assessments be paid in periodic installments. Section 3. Notice of Public Hearine. Notice of the Public Hearing setting out the matters required by Section 372.016 of the Act and substantially in the form, which is attached as Exhibit "A," and incorporated herein for all intents and purposes, shall be given by publication at least eleven (I1) days before the date of the hearing, in a newspaper of general circulation in the City. Notice of such hearing shall also be given by the City Secretary, by mailing a copy of the notice containing the information required by Section 372.016(b) of the Act to the last known address of each owner of property liable for an assessment in the proposed Final Roll as reflected on the tax rolls of the Harris County Appraisal District. Section 4. Participation at Public Hearing. All residents and property owners within the District, and all other persons, are hereby invited to appear in person, or by their attorney, and contend for or contest the Preliminary Plan and the Final Roll and the proposed assessments and offer testimony pertinent to any issue presented on the amount of the assessments, purpose of the assessments, special benefit of the assessments, and the costs of collection and the penalties and interest on delinquent assessments. At or on the adjournment of the hearing conducted pursuant to Section 372.016 on the proposed assessments, the City Council must hear and pass on any objection to a proposed assessment. The City Council may amend a proposed assessment on any parcel in the District. The failure of a property owner to receive notice does not invalidate the proceeding. Section 5. Conducting, the Public Hearine. The City Council shall convene at the location and at the time specified in the notice described above for the Public Hearing and shall conduct the Public Hearing in connection with its consideration of the Final Plan, including the Final Roll, for the District and the levy of the proposed assessments, including costs of collection, penalties and interest on delinquent assessments. At the Public Hearing, the City Council will hear and pass on any objections to the Preliminary Plan and the proposed Assessment Roll and the levy of the proposed assessments (which objections may be written or oral). At or on the adjournment of the Public Hearing, the City Council may amend a proposed assessment on any parcel in the District. After all objections, if any, have been heard and passed upon, the City may (i) levy the assessments as special assessments against each parcel of property in the District as set forth in the Final Plan and Final Roll for the District, (ii) specify the method of payment of the assessments, and (iii) provide that the assessments be paid in periodic installments. Section 6. Filingof f Proposed Assessment Roll. The proposed Final Roll shall be filed in the office of the City Secretary and be made available to any member of the public who wishes to inspect the same. Section 7. Further Action. The City Secretary is hereby authorized and directed to take such other actions as are required, including providing notice of the Public Hearing as required by the Texas Open Meetings Act and placing the Public Hearing on the agenda for the November 4, 2024, meeting of the City Council. Section 8. Effective Date. This resolution shall be effective immediately upon its passage and approval. INTRODUCED, READ AND PASSED by the affirmative vote of the City Council of the City of Friendswood on this the 7" day of October, 2024. ATTEST: LETICIA BRYSCH, City Se, APPROVED AS TO FORM: KAREN L. HORNER, City Attorney H:\City Council\Resolutions\2024\I0-07-2024\Resolution -Accepting PSAP - Friendswood City Center PID.docx EXHIBIT "A" CITY OF FRIENDSWOOD NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT a public hearing will be conducted by the City Council of the City of Friendswood, Texas, at 5:30 p.m. on November 4, 2024, at the regular meeting place of the City, the City Council Chamber at Friendswood City Hall, 910 S. Friendswood Dr., Friendswood, Texas 77546. The public hearing will be held to consider proposed assessments to be levied against certain assessable property in the Friendswood City Center Public Improvement District (the "District") pursuant to the provisions of Chapter 372 of the Texas Local Government Code, as amended (the "Act"). The general nature of the proposed public improvements (collectively, the "Authorized Improvements") may include (i) design, acquisition, construction, improvement, and other allowed costs related to street and roadway improvements, including related drainage, sidewalks, utility relocation, signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) design, acquisition, construction, improvement, and other allowed costs related to storm drainage improvements; (iii) design, acquisition, construction, improvement, and other allowed costs related to water, wastewater and drainage (including detention) improvements and facilities; (iv) design, acquisition, construction, improvement, and other allowed costs related to parks, open space and recreational improvements, including trails and landscaping related thereto; (v) design, acquisition, construction, improvement, and other allowed costs related to firefighting facilities; (vi) design, construction and other allowed costs related to projects similar to those listed in sections (i) — (v) above authorized by the Act, including similar off -site projects that provide a benefit to the Property within the District; (vii) acquisition of real property, interests in real property, or contract rights in connection with each Authorized Improvement (viii) payment of expenses incurred in the establishment, administration, and operation of the District; (ix) payment of expenses associated with financing such public improvement projects, which may include, but are not limited to, costs associated with the issuance and sale of revenue bonds secured by assessments levied against the Property within the District; and (x) maintenance and operation expenses of the Authorized Improvements. The estimated cost to design, acquire and construct the Authorized Improvements, together with bond issuance costs, eligible legal and financial fees, eligible credit enhancement costs and eligible costs incurred in the establishment, administration and operation of the District is $100,000,000. The City will pay the costs of the Authorized Improvements with assessments levied on property within the District and other lawfully available funds of the City. The remaining costs of the proposed improvements will be paid from sources other than those described above. The boundaries of the District include approximately 106.472 acres of land within the City of Friendswood, Texas, said property being situated in the Sarah McKissick League, Abstract Number 549, Harris County, Texas. A metes and bounds description is available for inspection at the offices of the City Secretary at the location described below. All written or oral objections relating to the levy of the proposed assessments will be considered at the public hearing. A copy of the Preliminary Service and Assessment Plan, including the proposed Assessment Roll, for the District, which includes the assessments to be levied against each parcel in the District, is available for public inspection at the office of the City Secretary, Friendswood City Hall, 910 S. Friendswood Dr., Friendswood, Texas 77546. WITNESS MY HAND AND THE OFFICIAL SEAL OF THE CITY, this day of October, 2024. Is/ Leticia Brysch City Secretary Exhibit "A," Page Solo Exhibit "B" Friendswood City Center Public Improvement District PRELIMINARY SERVICE AND ASSESSMENT PLAN OCTOBER 7, 2024, VERSION 7.0 TABLE OF CONTENTS Tableof Contents............................................................................................................................ 2 Introduction.................................................................................................................................... 4 SectionI: Definitions....................................................................................................................... 5 Section II: The District................................................................................................................... 14 Section III: Authorized Improvements.......................................................................................... 14 SectionIV: Service Plan................................................................................................................. 23 Section V: Assessment Plan.......................................................................................................... 23 Section VI: Terms of the Assessments.......................................................................................... 26 SectionVII: Assessment Roll......................................................................................................... 34 Section VIII: Additional Provisions................................................................................................ 34 Exhibits.......................................................................................................................................... 36 Appendices.................................................................................................................................... 37 Exhibit A — District Boundary Map................................................................................................ 38 ExhibitB-1— Project Costs............................................................................................................ 39 Exhibit B-2 — Fire Station — Apportionment of Costs.................................................................... 40 ExhibitC — Service Plan................................................................................................................. 41 Exhibit D— Sources and Uses of Funds.........................................................................................42 Exhibit E — Maximum Assessment and Tax Rate Equivalent........................................................ 43 Exhibit F—TIRZ Maximum Annual Credit Amount.......................................................................44 Exhibit G-1— Initial Major Improvement Assessment Roll........................................................... 45 Exhibit G-2 —Additional Major Improvement Assessment Roll ................................................... 46 Exhibit G-3 — Annual Installments................................................................................................. 47 Exhibit H — Maps of Initial Major Improvements and Additional Major Improvements .............. 48 Exhibit I — Form of Notice of PID Assessment Termination.......................................................... 66 Exhibit J — Debt Service Schedule for Initial Major Improvement Bonds ..................................... 69 Exhibit K— District Boundary Description..................................................................................... 70 Appendix A— Engineer's Report................................................................................................... 74 AppendixB — Buyer Disclosures..................................................................................................117 Friendswood City Center Public Improvement District Buyer Disclosure Initial Parcel ............. 118 Friendswood City Center Public Improvement District Buyer Disclosure Lot Type 1................ 124 Friendswood City Center Public Improvement District Buyer Disclosure Lot Type 2 ................ 130 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT Z PRELIMINARY SERVICE AND ASSESSMENT PLAN Friendswood City Center Public Improvement District Buyer Disclosure Lot Type 3 ................136 Friendswood City Center Public Improvement District Buyer Disclosure Lot Type 4................ 142 Friendswood City Center Public Improvement District Buyer Disclosure Lot Type 5 ................148 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 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", "Exhibit' or an "Appendix" shall be a reference to a Section of this Service and Assessment Plan or an Exhibit or Appendix attached to and made a part of this Service and Assessment Plan for all purposes. On January 8, 2024, the City passed and approved Resolution No. R2024-01 authorizing the establishment of the District in accordance with the PID Act. The purpose of the District is to finance the Actual Costs of Authorized Improvements that confer a special benefit on approximately 106.472 acres located within the City, as described by the legal description on Exhibit K and depicted on Exhibit A. 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 and including a copy of the notice form required by Section 5.014 of the Texas Property Code, as amended. The Service Plan is contained in Section IV, 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 Assessment Rolls are contained in Exhibit G-1 and Exhibit G-2. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 4 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 Owner[s], (either directly or through affiliates), including : (1) the costs for the design, planning, administration/management, acquisition, installation, construction and/or implementation and dedication of such Authorized Improvements; (2) the fees paid for obtaining permits, zoning, licenses, plan approvals, inspections or other governmental approvals for such Authorized Improvements; (3) the costs for external professional services, such as engineering, geotechnical, surveying, land planning, architectural landscapers, appraisals, legal, accounting, and similar professional services; (4) the costs for all labor, bonds, and materials, including equipment and fixtures, owing to contractors, builders, and materialmen engaged in connection with the acquisition, construction, or implementation of the Authorized Improvements; (5) all related permitting and public approval expenses, and architectural, engineering, legal, consulting, and other governmental fees, construction security, insurance premiums, directly related to the construction of the Authorized Improvements, and charges and (6) costs to implement, administer, and manage the above -described activities including, but not limited to, a construction management fee equal to four percent (4%) of construction costs if managed by or on behalf of the Owner[s]. "Additional Interest" means the amount collected by application of the Additional Interest Rate. Additional Interest is charged only upon the issuance of PID Bonds and is not charged on the Reimbursement Obligation. "Additional Interest Rate" means the 0.50% additional interest rate that may be charged on Assessments securing PID Bonds pursuant to Section 372.018 of the PID Act. "Additional Major Improvement Annual Installment" means the Annual Installment of the Additional Major Improvement Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Additional Interest, if applicable; and (4) the pro rata portion of the Annual Collection Costs based on outstanding Additional Major Improvement Assessments, as shown on Exhibit G-2. The principal and interest amount of the Additional Major Improvement Assessment may be reduced by a portion of the TIRZ Annual Credit Amount, pursuant to Section V. "Additional Major Improvement Assessments" means an assessment levied against the Assessed Property for the Additional Major Improvements and imposed pursuant to an Assessment Ordinance and the provisions hereof, as shown in the Additional Major Improvements Assessment Roll, subject to reallocation or reduction pursuant to the provisions set forth in Section VI herein and the PID Act, which Additional Major Improvement Assessments secure the Reimbursement Obligation. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT S PRELIMINARY SERVICE AND ASSESSMENT PLAN "Additional Major Improvement Assessments Trigger Date" means that date upon which the Additional Major Improvement Assessments become due and payable which is the earlier of (i) the date on which the first bill is sent with the Additional Major Improvement Assessment subsequent to the issuance of PID Bonds secured by the Additional Major Improvement Assessments are issued and (ii) the date the first bill is sent with the Additional Major Improvement Assessment which date shall be no later than two years after the date on which the Assessment Ordinance levying the Additional Major Improvement Assessments is adopted. "Additional Major Improvements" means those certain Authorized Improvements, the costs of which are allocated to the Additional Major Improvements Assessments, as described in Section 111.E and shown on Exhibit B-1. "Additional Major Improvement Bonds" means those certain "City of Friendswood Special Assessment Revenue Bonds" (Friendswood City Center Public Improvement District Additional Major Improvements Project) that are secured by the Additional Major Improvement Assessments. "Additional Major Improvements Assessment Roll" means the assessment roll for the Assessed Property of the Additional Major Improvements, 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 levy of an Assessment, the issuance of PID Bonds, or in any Annual Service Plan Updates. The Additional Major Improvements Assessment Roll is included as Exhibit G-2. "Administrator" means the City or independent firm designated by the City who shall have the responsibilities provided in this Service and Assessment Plan, any Indenture, or any other agreement or document approved by the City related to the duties and responsibilities of the administration of the District. The initial Administrator is P3Works, LLC. "Annual Collection Costs" mean the actual or budgeted costs and expenses related to the operation of the District, including, but not limited to, costs and expenses for: (1) the Administrator; (2) City staff; (3) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (4) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (5) preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (6) paying and redeeming PID Bonds; (7) investing or depositing Assessments and Annual Installments; (8) complying with this Service and Assessment Plan, the PID Act, and any Indenture, with respect to the PID Bonds, including the City's continuing disclosure requirements; and (9) the paying agent/registrar and Trustee in connection with PID Bonds, including their respective legal counsel. Annual Collection Costs collected but not expended in any year may be carried forward and applied to reduce Annual Collection Costs for subsequent years. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 6 PRELIMINARY SERVICE AND ASSESSMENT PLAN "Annual Installment" means the annual installment payment on an Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional Interest, if applicable. The principal and interest amount of an Annual Installment may be reduced by the TIRZ Annual Credit Amount. "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. "Assessed Property" means any Parcel within the District against which an Assessment is levied. "Assessment" means an assessment levied against Assessed Property, and imposed pursuant to an Assessment Ordinance and the provisions herein, as shown on an Assessment Roll, subject to reallocation upon the subdivision of such Assessed Property or reduction according to the provisions herein and in the PID Act. "Assessment Ordinance" means an ordinance adopted by the City Council in accordance with the PID Act that levies an Assessment on the Assessed Property, as shown on any Assessment Roll. "Assessment Plan" means the methodology employed to assess the Actual Costs of the Authorized Improvements against the Assessed Property based on the special benefits conferred on such property by the Authorized Improvements, more specifically set forth and described in Section V. "Assessment Roll" means any assessment roll for the for the Assessed Property, including the Initial Major Improvements Assessment Roll and Additional Major Improvements Assessment Roll, as updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the levy of an Assessment, the issuance of PID Bonds, or in any Annual Service Plan Updates. The Assessment Rolls are included as Exhibit G-1 and Exhibit G-2. "Authorized Improvements" means the improvements authorized by Section 372.003 of the PID Act, including Initial Major Improvements, the Additional Major Improvements, First Year Annual Collection Costs, and Bond Issuance Costs (if appropriate), as described in Section III, as shown on Exhibit B-1. "Bond Issuance Costs" means the costs associated with issuing PID Bonds, including but not limited to, attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs, publication costs, capitalized interest, reserve fund requirements, underwriter's discount, fees charged by the Texas Attorney General, and any other cost or expense directly associated with the issuance of any series of PID Bonds. "City" means the City of Friendswood, Texas. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 7 PRELIMINARY SERVICE AND ASSESSMENT PLAN "City Council" means the governing body of the City. "City Contribution" means $5,000,000 of City of Friendswood lawfully available funds expended by the City to pay a portion of the total costs of the Detention Improvements. "Condo Regime" means a form of real property ownership that combines separate ownership of individual "units" with common ownership of other units. "County" means Harris County, Texas. "Delinquency and Prepayment Reserve Fund" means the funds established pursuant to the Indenture where the Additional Interest will be deposited. "Delinquent Collection Costs" means costs related to the foreclosure on Assessed Property and the costs of collection of delinquent Assessments, delinquent Annual Installments, or any other delinquent amounts due under this Service and Assessment Plan, including penalties and reasonable attorney's fees actually paid, but excluding amounts representing interest and penalty interest. "Detention Improvements" means those Authorized Improvements consisting of drainage and detention facilities and improvements as set forth in Section III hereof. "Development Agreement" means that certain Friendswood City Center Development Agreement between the Developer and the City dated January 22, 2024. "Developer" means Madison Development Corporation, LLC, a Texas limited liability company and any successors or assigns thereof that intends to develop the property in the District for the ultimate purpose of transferring title to end users. "District" means the Friendswood City Center Public Improvement District containing approximately 106.472 acres located within the City, as generally depicted on Exhibit A, and described on Exhibit K. "Engineer's Report" means the report provided by a licensed professional engineer that describes the Authorized Improvements, including their costs, location, and benefit, and is attached hereto as Appendix A. "Estimated Buildout Value" means the estimated value of an Assessed Property with fully constructed buildings, as provided by the Developer and confirmed by the City Council, by considering such factors as density, lot size, proximity to amenities, view premiums, location, market conditions, historical sales, builder contracts, discussions with builders, reports from third party consultants, or any other factors that, in the judgment of the City, may impact value. The Estimated Buildout Value for each Lot Type is shown on Exhibit E. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT B PRELIMINARY SERVICE AND ASSESSMENT PLAN "Fire Station" means the fire station to be located within the District and as further described in the Development Agreement. "First Year Annual Collection Costs" means the Annual Collection Costs associated with the first year of the District. "Indenture" means an Indenture of Trust entered into between the City and the Trustee in connection with the issuance of each series of PID Bonds, as amended from time to time, setting forth the terms and conditions related to a series of PID Bonds. "Initial Major Improvements" means those certain Authorized Improvements, the costs of which are allocated to the Initial Major Improvements Assessments, as described in Section III.A and shown on Exhibit B-1. "Initial Major Improvement Annual Installment" means the Annual Installment of the Initial Major Improvement Assessment as calculated by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest; (3) Additional Interest, if applicable and; (4) the pro rata portion of the Annual Collection Costs based on the outstanding Initial Major Improvement Assessments as shown on Exhibit G-1. The principal and interest amount of the Initial Major Improvement Assessment may be reduced by a portion of the TIRZ Annual Credit Amount, pursuant to Section V. "Initial Major Improvement Assessment Roll means the assessment roll for the Assessed Property of the Initial Major Improvements, 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 levy of an Assessment, the issuance of PID Bonds, or in any Annual Service Plan Updates. The Additional Major Improvements Assessment Roll is included as Exhibit G-1. "Initial Major Improvement Assessments" means an assessment levied against the Assessed Property for the Initial Major Improvements and imposed pursuant to an Assessment Ordinance and the provisions hereof, as shown in the Initial Major Improvements Assessment Roll, subject to reallocation or reduction pursuant to the provisions set forth in Section VI herein and the PID Act, which Initial Major Improvement Assessments secure the Initial Major Improvement Bonds. "Initial Major Improvement Bonds" means those certain "City of Friendswood Special Assessment Revenue Bonds, Series 2024 (Friendswood City Center Public Improvement District Initial Major Improvements Project) that are secured by the Initial Major Improvement Assessments. "Initial Parcel" means all of the Assessed Property within the District against which the entire Initial Major Improvement Assessments and the Additional Major Improvement Assessments for the District are levied, as shown on the Assessment Roll attached as Exhibit G-1. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT B PRELIMINARY SERVICE AND ASSESSMENT PLAN "Landowner Consent" means any "Landowner Consent' effective as of the date of each Assessment levy delivered by each landowner of Assessed Property at the time of an Assessment levy. "Lot" means (1) for any portion of the District for which a final subdivision plat has been recorded in the Official Public Records of the County, a tract of land described by "lot' in such subdivision plat; (2) a tract of land is described as a 'lot' in a recorded instrument containing covenants, restrictions, and/or conditions for any portion of the District; (3) 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 a preliminary plat; and (4) if a Condo Regime has been filed for any portion of the District, any unit of ownership included within the Condo Regime. A "Lot' may also include a tract of land upon which a condominium will be impressed creating condominium units but shall not include real property owned by a government entity, even if such property is designated as a separate described tract or lot on a recorded Subdivision Plat or condominium unit. "Lot Type" means a classification of final building Lots with similar characteristics (e.g., lot size, land use classification, Estimated Buildout Value, etc.), as determined by the Administrator and confirmed by the City Council. "Lot Type 1" means Assessed Property intended for use as inline retail or food retail within the District, as provided by the Owner. The buyer disclosures for Lot Type 1 is attached as Appendix B. "Lot Type 2" means Assessed Property intended for mixed use within the District, as provided by the Owner. The buyer disclosure for Lot Type 2 is attached as Appendix B. "Lot Type 3" means Assessed Property intended for use as a hotel within the District, as provided by the Owner. The buyer disclosure for Lot Type 3 is attached as Appendix B. "Lot Type 4" means Assessed Property intended for use as office/medical space within the District, as provided by the Owner. The buyer disclosure for Lot Type 4 is attached as Appendix B. "Lot Type 5" means Assessed Property intended to be developed as multi -family housing with a corridor of retail within the District, as provided by the Owner. The buyer disclosure for Lot Type 5 is attached as Appendix B. "Maximum Assessment" means, for each Lot, an Assessment equal to the lesser of (1) the amount calculated pursuant to Section VLA, or (2) the amount shown on Exhibit E. "Non -Benefited Property" means Parcels within the boundaries of the District that accrue no special benefit from the Authorized Improvements as determined by the City Council. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 10 PRELIMINARY SERVICE AND ASSESSMENT PLAN "Notice of PID Assessment Termination" means a document that shall be recorded in the Official Public Records of the County evidencing the termination of an Assessment, a form of which is attached as Exhibit I. "Owner" or "Owners" means Madison Development Corporation, LLC, Lone Star Campus R1, LLC, Tima Holdings, LLC, Hill Gage Development Corporation, LLC, and Ajay K. Jain and any successors or assigns thereof. "Parcel" or "Parcel(s)" means a specific property within the District identified by either a tax parcel identification number assigned by the Harris Central Appraisal District for real property tax purposes, by legal description, or by lot and block number in a final subdivision plat recorded in the Official Public Records of the County, or by any other means determined by the City. "PID Act" means Chapter 372, Texas Local Government Code, as amended. "PID Bonds" means any bonds issued by the City in one or more series and secured in whole or in part by Assessments. "Prepayment" means the payment of all or a portion of an Assessment before the due date of the final Annual Installment thereof. Amounts received at the time of a Prepayment which represent a payment of principal, interest, or penalties on a delinquent installment of an Assessment are not to be considered a Prepayment, but rather are to be treated as the payment of the regularly scheduled Annual Installment. "Prepayment Costs" means interest, including Annual Collection Costs, to the date of Prepayment. "Recorded Declaration" means the Declaration filed and recorded in the official public records of the County. "Reimbursement Agreement" means the Friendswood City Center Public Improvement District Reimbursement Agreement between the City and the Developer dated November 4, 2024 pursuant to which the City agrees to levy the Additional Major Improvement Assessments on the Assessed Property in the District and all or a portion of such Additional Major Improvement Assessments are paid to the Developer to reimburse the Actual Costs of the Additional Major Improvements. "Reimbursement Obligation" means the principal amount not to exceed $17,822,000 to be paid to the Developer for the costs of the Additional Major Improvements pursuant to the Reimbursement Agreement, which amount is secured by the Initial Major Improvement Assessments. "Service and Assessment Plan" means this Friendswood City Center Public Improvement District Service and Assessment Plan, as updated, amended, or supplemented from time to time. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 11 PRELIMINARY SERVICE AND ASSESSMENT PLAN "Service Plan" means the plan that defines the annual indebtedness and projected costs of the Authorized Improvements, and covers a period of at least five years, more specifically described in Section IV. "TIRZ" means Reinvestment Zone Number One, City of Friendswood. "TIRZ Administrative Costs" means those reasonable costs paid or incurred by or on behalf of the City to create and/or administer the TIRZ. "TIRZ Agreement" means the TIRZ Agreement — Friendswood City Center PID, effective as of [DATE]. "TIRZ Annual Credit Amount" is defined in Section V.E, which amount shall not annually exceed the TIRZ Maximum Annual Credit Amount, and which shall be transferred from the TIRZ Fund to the applicable pledged revenue fund pursuant to the TIRZ Project Plan. "TIRZ Fund" means the tax increment fund created pursuant to the TIRZ Ordinance where TIRZ Revenues are deposited annually. "TIRZ Maximum Annual Credit Amount" means for each Lot Type, the amount of TIRZ Revenues that results in an equivalent tax rate of $2.34 per $100 of assessed value for such Lot Type taking into consideration the tax rates of all applicable overlapping taxing units and the equivalent tax rate of each applicable Assessment levied on each Lot Type, based on Estimated Buildout Value at the time the City Council approves each Assessment Ordinance levying each respective Assessment, as shown on Exhibit F. the Estimated Buildout Value per Lot Type is shown on Exhibit E. "TIRZ Ordinance" means Ordinance No. 2023-31 adopted by the City Council on December 4, 2023, which approved the creation of Reinvestment Zone Number One and authorized the use of TIRZ Revenues for project costs under the Chapter 311, Texas Tax Code, as amended, and related to certain public improvements as provided in the TIRZ Project Plan. "TIRZ Project Plan" means the Reinvestment Zone Number One, City of Friendswood Final Project and Reinvestment Zone Financing Plan, as periodically amended and updated. "TIRZ Revenues" mean, for each year, the amounts which are deposited in the TIRZ Fund pursuant to the Development Agreement, the TIRZ Ordinance, and TIRZ Project Plan. "Trustee" means the trustee or successor trustee under an Indenture. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 12 PRELIMINARY SERVICE AND ASSESSMENT PLAN [Remainder of page intentionally left blank.] FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 13 PRELIMINARY SERVICE AND ASSESSMENT PLAN SECTION II: THE DISTRICT The District includes approximately 106.472 contiguous acres located within the corporate limits of the City, the boundaries of which are more particularly described on Exhibit K, and depicted on Exhibit A. Development of the District is anticipated to include approximately 76,408 square feet of building space as inline retail or food retail (Lot Type 1), 268,800 square feet of building space as mixed use (Lot Type 2), an approximately 115 keys hotel with convention space (Lot Type 3), 194,050 square feet of office/medical building space (Lot Type 4), and approximately 750,000 square feet of multifamily that includes a corridor of retail (Lot Type 5). SECTION III: AUTHORIZED IMPROVEMENTS Based on information provided by the Owner and its engineer and reviewed by the City staff and by third -party consultants retained by the City, the City has determined that the Authorized Improvements confer a special benefit on the Assessed Property. Authorized Improvements will be designed and constructed in accordance with the City's standards and specifications and will be owned and operated by the City unless otherwise noted. The budget for the Authorized Improvements is shown on Exhibit B-1. A. Initial Major Improvements I. Roadway Improvements • FM 528 Traffic Improvements Signalization improvements at F.M. 528 and Townes Rd. include upgrading the existing flashing traffic signal to full operation to current Texas Department of Transportation specifications. Includes the addition of a southbound left turn lane on Townes Rd. to balance the new (widening) approach to F.M. 528 northbound from the new development. Includes signalization improvements at F.M. 528 and Blackhawk Blvd. consisting of upgrades to the existing traffic signal to full operation to current Texas Department of Transportation specifications with a new south leg of the intersection, and addition of southbound left turn lane at West Bay Area Blvd. where it meets with the extension of Blackhawk Blvd. to balance the new widening approach to F.M. 528 for access management purposes. The signalization improvements will be owned and operated by the TxDOT and will provide benefit to each Lot within the District. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 14 PRELIMINARY SERVICE AND ASSESSMENT PLAN ■ Phase 1 Blackhawk Boulevard Improvements Improvements include 4 lane arterial street construction to serve as an extension of the existing Blackhawk Boulevard from F.M. 528 to the southern point of the roundabout at Larrabee Way and Blackhawk Boulevard and includes the construction of the roundabout. The extension will provide connection to Larrabee Way, as well as multiple local streets and is calculated to be approximately 3,512 square yards of roadway construction. Also includes the addition of a southbound left turn lane on Blackhawk Blvd. to balance the new (widening) approach to F.M. 528 for access management purposes. The Phase 1 Blackhawk Boulevard Improvements will provide benefit to each lot within the District. ■ Phase 1 Townes Road Improvements Includes the construction of 4,276 square yards of reinforced concrete street to include subgrade and a roundabout at the intersection of Townes Road and Larrabee Way, that serves as a continuation of the existing Townes Road located north of F.M. 528. The construction of the new section will begin at F.M. 528 and terminates at Larrabee Way at the southern end of the roundabout at Larrabee Way. The street improvements will provide benefit to each Lot within the District. ■ Phase 1 Madison Avenue Improvements Includes the construction of 1,543 square yards of a reinforced concrete street to include subgrade that will provide 2 travel lanes beginning at F.M. 528 and terminating at the 4-way stop at Larrabee Way. The street improvements will provide benefit to each Lot within the District. ■ Larrabee Way Improvements Includes the construction of 2 lanes, 12,275 square yards, of a reinforced concrete street to include subgrade which will transverse perpendicular to Madison Avenue and includes a 4-way stop at the intersection of Madison Avenue and Larrabee Way. The street improvements will provide benefit to each Lot within the District. II. Earthwork, Paving and Grading ■ Phase 1 Earthwork, Paving and Grading Improvements include erosion control measures, earthwork, subgrade stabilization, concrete pavement with curb, concrete sidewalk with ADA ramps, signage, lighting, and construction testing relating to the street and roadway improvements described above. Improvements also include the excavation related to the Phase 1 Storm Drainage improvements, Detention Pond 1 and Detention Pond 2, along with the hauling and removal of dirt. In addition, there FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 15 PRELIMINARY SERVICE AND ASSESSMENT PLAN will be sidewalk improvements for the benefit of walkability within the site, as well as better access from F.M. 528 for pedestrian traffic. Only a portion of the cost of earthwork, paving and grading will be funded by the Initial Major Improvement Assessment. The remaining costs will be paid from the City Contribution. III. Clearing, Grubbing and Demolition ■ District Clearing, Grubbing and Demolition Includes light and heavy clearing for the construction and installation of the Initial Major Improvements to include heavy clearing for the construction of Detention Pond 1, along with the removal and disposal of 3" public force main and 12" public water line. The improvements are necessary for the construction of the Initial Major Improvements and will provide benefit to each Lot within the District. A portion of the costs of Clearing, Grubbing and Demolition is being funded with the City Contribution and approximately 27.07% of the costs of such improvements ($873,609) is apportioned to the District as part of the Initial Major Improvements. IV. Detention Improvements ■ Detention Pond 1 Improvements Include the excavation and construction of Detention Pond 1, a 4' retaining wall cast in place, an 8' retaining wall cast in place, installation of a backslope interceptor and Swale, application of fertilizer seeds for stabilization, dewatering, sheet piling, riprap, collection screen structure and haul and disposal of utility spoils. The Detention Pond 1 Improvements will provide benefit to each Lot within the District. ■ Detention Pond 2 Improvements include the excavation and construction of Detention Pond 2, installation of a backslope interceptor and Swale, and application of hydro mulch for stabilization. The Detention Pond 2 Improvements will provide benefit to each Lot within the District. A portion of the costs of Detention Pond 2 are being funded by the City Contribution and approximately 68.79% of the costs of such improvements ($11,020,226) is apportioned to the District as part of the Initial Major Improvements. • Phase 1 Storm Drainage Improvements to include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe installation, manholes and junction boxes, curb inlets, headwalls, testing and all necessary appurtenances required to provide drainage services from F.M. 528 and terminating at the point of the proposed bridge connection at Blackhawk Boulevard. The improvements will provide a benefit to all FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 16 PRELIMINARY SERVICE AND ASSESSMENT PLAN Lots within the District. V. Contingency Estimated potential cost fluctuations for construction costs. The Contingency is calculated as 13% of the hard improvement costs for the Initial Major Improvements. VI. Soft Costs Costs related to designing, constructing, and installing the Initial Major Improvements including land planning and design, engineering, soil testing, consultant fees, project coordination, and survey. A portion of the soft costs are being funded by City Contribution and approximately 4.84% of the costs of such Initial Major Improvements ($83,010) is apportioned to the Initial Major Improvements within the District. B. Additional Major Improvements I. Roadway Improvements ■ Phase 2 Blackhawk Boulevard Improvements Improvements include the continuation of the extension of the Phase 1 Blackhawk Boulevard Improvements, consisting of 17,711 square yards of reinforced concrete street and subgrade, from the southern point of the roundabout at Larrabee Way and Blackhawk Boulevard to West Bay Area Boulevard. Additionally, the improvements include the construction of a 4-lane bridge with 2 lanes for east and west bound on Blackhawk Boulevard. The Phase 2 Blackhawk Boulevard Improvements will provide benefit to each Lot within the District. • Phase 2 Townes Road Improvements Improvements include the construction of 4,723 square yards of reinforced concrete street and subgrade to serve as a continuation of the Phase 1 Townes Road Improvements from the roundabout at Larrabee Way and terminating at Bennett Boulevard. The Phase 2 Townes Road Improvements will provide benefit to each Lot within the District. • Phase 2 Madison Avenue Improvements Improvements include the continuation of construction of reinforced concrete street, 3,114 square yards, and subgrade from the 4-way stop at Larrabee Way to the roundabout at Bennett Boulevard. The Phase 2 Madison Avenue Improvements will provide benefit to each Lot within the District. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 17 PRELIMINARY SERVICE AND ASSESSMENT PLAN ■ Bennett Boulevard Improvements Improvements include the construction of 2 travel lanes, 11,728 square yards, eastward and 2 travel lanes westward of reinforced concrete street and subgrade to include a roundabout that terminates to the south where the right-of-way ends the multi -family development begins. The Bennett Boulevard Improvements will provide benefit to each Lot within the District. II. Earthwork, Paving and Grading • Phase 2 Earthwork, Paving and Grading Improvements to include erosion control measures, earthwork, subgrade stabilization, concrete pavement with curb, concrete sidewalk with ADA ramps, signage, lighting, and construction testing relating to the street and roadway improvements described above. Improvements also include the excavation related to the phase 2 storm drainage improvements, along with the hauling and removal of dirt. In addition, there will be sidewalk improvements for the benefit of walkability within the site as well as sidewalk improvements to improve foot traffic from Clear Creek Independent School District property to the Northwest to Blackhawk Blvd. and West Bay Area Boulevard. The street improvements will provide benefit to each Lot within the District. A portion of the Phase 2 Earthwork, Paving and Grading is being funded by the City Contribution and approximately 63.49% of the costs of such improvements ($412,543) is apportioned to the District as part of the Additional Major Improvements. III. Water Improvements Improvements to include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe installation, valves, fire hydrant assemblies, service connections, testing and all necessary appurtenances required to provide water service to all Lots within the District. There will be a water line constructed along Blackhawk Blvd. connecting to the existing water infrastructure on F.M. 528 and West Bay Area Blvd. There will be a water line along Townes Rd. and Bennert Blvd, Larrabee Way will have a water line running across connecting the water lines on Townes Rd. and Blackhawk Blvd. The water improvements will provide benefit to each Lot within the District. IV. Wastewater Improvements Improvements to include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe installation, manholes, service connections, testing, FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 18 PRELIMINARY SERVICE AND ASSESSMENT PLAN and all necessary appurtenances constructed to the City of Friendswood standards required to provide wastewater service to all Lots within the District. Construction will consist of wastewater lines on Larrabee Way and a portion of Blackhawk Blvd. Blackhawk Blvd. will transition from a wastewater line to a wastewater line tying into the manhole on West Bay Area Blvd. In addition to new proposed wastewater lines, there will be improvements to the existing force main running through the site, as well as relocation of an existing City -owned force main. The wastewater improvements will provide benefit to each Lot within the District. ■ Sanitary Sewer Lift Station Includes a proposed Sanitary Lift Station that includes a tie into the manhole on West Bay Area Blvd. An existing 8" sanitary sewer line and sanitary lift station that currently service Clear Creek Community Church will be abandoned, and, in its place, the existing wastewater line will be rerouted into the Friendswood City Center sanitary sewer system near the Blackhawk Blvd. and F.M. 528 connection. The Sanitary Sewer Lift Station will provide a benefit to each Lot within the District. V. Phase 2 Storm Drainage Improvements to include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe installation, manholes and junction boxes, curb inlets, headwalls, testing and all necessary appurtenances required to provide drainage services from the proposed bridge connection at Friendswood Link Road running south along Blackhawk Boulevard to West Bay Area Boulevard. The Phase 2 Storm Drainage improvements will provide a benefit to each Lot within the District. VI. Landscaping, Parks and Public Amenities Improvements include walking and bike trails that are constructed of decomposed granite pavement with concrete edges. The trail will include rest areas with park benches and lighting at key viewing locations. Additionally, the park will also have a few bird blinds, wayfinding graphics, bath, and parking facilities. The area will be landscaped with native vegetation and wetland grasses. As the walking and bike trails extend into the urban area, it will connect to a concrete and paver path that will include park benches and pedestrian lighting. The trail will provide a continuous and accessible route to all the buildings within the District. Landscape along the trail will be a blend of seasonal color plants and regional vegetation that complies with the City landscaping requirements. The Landscaping, Parks and Public Amenities will provide a benefit to each Lot within FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 19 PRELIMINARY SERVICE AND ASSESSMENT PLAN the District. VII. Fire Station Improvements include the construction of a fire station for use by the City of Friendswood for the benefit of the public that will be constructed along phase 2 of the Blackhawk Blvd. expansion. 87.96% of the Fire Station is being funded by other lawfully available revenues of the City. 12.04% is apportioned to the District, as part of the Additional Major Improvements, pro rata based on estimated assessed value, as detailed on Exhibit B-2. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 20 PRELIMINARY SERVICE AND ASSESSMENT PLAN Vill. Contingency Estimated potential cost fluctuations for construction costs. The Contingency is calculated as 13% of the hard improvement costs for the Additional Major Improvements. IX. Soft Costs Costs related to designing, constructing, and installing the Additional Major Improvements including land planning and design, City fees, inspection fees, engineering, soil testing, geotechnical engineering, and survey. C. Bond Issuance Costs ■ Delinquency and Prepayment Reserve Equals the amount to be deposited in the Delinquency and Prepayment Reserve fund under an Indenture in connection with the issuance of the Initial Major Improvement Bonds and any PID Bonds issued to finance the Additional Major Improvements. Debt Service Reserve Fund Equals the amount to be deposited in a debt service reserve fund under an applicable Indenture in connection with the issuance of Initial Major Improvement Bonds and any PID Bonds issued to finance the Additional Major Improvements. • Capitalized Interest Equals the amount required to be deposited for the purpose of paying capitalized interest on the Initial Major Improvement Bonds and any other series of PID Bonds under an applicable Indenture. ■ Underwriter's Discount Equals a percentage of the par amount of the Initial Major Improvement Bonds related to the costs of underwriting Initial Major Improvement Bonds and a percentage of par of any future series of PID Bonds issued to finance the Additional Major Improvements. • Cost of Issuance Includes costs of issuing a particular series of PID Bonds, including but not limited to issuer fees, attorney's fees, financial advisory fees, consultant fees, appraisal fees, printing costs, publication costs, City's costs, fees charged by the Texas Attorney General, and any other cost or expense directly associated with the issuance of any PID Bonds. D. Other Costs FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 21 PRELIMINARY SERVICE AND ASSESSMENT PLAN ■ Initial Administrative Fund Deposit Equals the amount necessary to fund the first year's Annual Collection Costs for a particular series of PID Bonds. • District Formation Expenses Equals the amount necessary to fund the district formation costs, to include legal fees and consultant fees, incurred and paid by the Owner and apportioned equally to both the Initial Major Improvements and the Additional Major Improvements. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 22 PRELIMINARY SERVICE AND ASSESSMENT PLAN 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 annual projected costs and indebtedness for the Authorized Improvements undertaken within the District during the five-year period. The Service Plan is also required to include a copy of the buyer disclosure notice form required by Section 5.014 of the Texas Property Code, as amended. The Service Plan must be reviewed and updated in each Annual Service Plan Update. Exhibit C summarizes the initial Service Plan for the District. Per the PID Act and Section 5.014 of the Texas Property Code, as amended, this Service and Assessment Plan, and any future Annual Service Plan Updates, shall include a form of the buyer disclosures for the District. The buyer disclosures are attached hereto as Appendix B. Exhibit D summarizes the sources and uses of funds required to construct the Authorized Improvements. The sources and uses of funds shown on Exhibit D shall be updated in an Annual Service Plan Update to show any budget revisions and the amount required to fund the required reserves and issue each series PID Bonds at the time such PID Bonds are issued. SECTION V: ASSESSMENT PLAN The PID Act allows the City Council to apportion the costs of the Authorized Improvements to the Assessed Property based on the special benefit received from the Authorized Improvements. The PID Act provides that such costs may be apportioned: (1) equally per front foot or square foot; (2) according to the value of property as determined by the City Council, with or without regard to improvements constructed on the property; or (3) in any other manner approved by the City Council that results in imposing equal shares of such costs on property similarly benefited. The PID Act further provides that the City Council may establish by ordinance or order reasonable classifications and formulas for the apportionment of the cost between the City and the area to be assessed and the methods of assessing the special benefits for various classes of improvements. This section of this Service and Assessment Plan describes the special benefit received by each Parcel within the District as a result of the Authorized Improvements and provides the basis and justification for the determination that this special benefit equals or exceeds the amount of the Assessments to be levied on the Assessed Property for such Authorized Improvements. The determination by the City Council of the assessment methodologies set forth below is the result of the discretionary exercise by the City Council of its legislative authority and governmental powers and is conclusive and binding on the Owner, Developer, and all future owners and developers of the Assessed Property. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 23 PRELIMINARY SERVICE AND ASSESSMENT PLAN A. Assessment Methodology Acting in its legislative capacity and based on information provided by the Owner and its engineer and reviewed by the City staff and by third -party consultants retained by the City, the City Council has determined that the costs of the Authorized Improvements shall be allocated to each Assessed Property pro rata based on Estimated Buildout Value. Currently, the Initial Parcel is the only Parcel within the District, and as such, the Initial Parcel is allocated 100% of the costs of the Authorized Improvements, which costs are allocated between the Initial Major Improvements Assessments and the Additional Major Improvements Assessments. Upon subdivision of an Assessed Property, the Actual Costs of the Authorized Improvements shall be reallocated based on Estimated Buildout Value as further described in Section VI. B. Assessments The Initial Major Improvements Assessments will be levied on the Initial Parcel in the amounts shown on the Initial Major Improvements Assessment Roll, attached hereto as Exhibit G-1. The Additional Major Improvements will be levied on the Initial Parcel in the amounts shown on the Additional Major Improvements Assessment Roll attached hereto as Exhibit G-2. The Annual Installments of the Initial Major Improvement Assessments and the Annual Installments of the Additional Major Improvement Assessments are shown on Exhibit G-3. Upon division or subdivision of the Initial Parcel, the Initial Major Improvement Assessment and Additional Major Improvement Assessment will be reallocated pursuant to Section VI. The Maximum Assessment for each Lot Type is shown on Exhibit E. In no case will the Assessments for Lots classified as Lot Type 1, Lot Type 2, Lot Type 3, Lot Type 4, and Lot Type 5, respectively, exceed the corresponding Maximum Assessment for each Lot Type classification. C. Findings of Special Benefit Acting in its legislative capacity and based on information provided by the Owner and its engineer and reviewed by City staff and by third -party consultants retained by the City, the City Council has found and determined the following: ■ The estimated Actual Costs of the Authorized Improvements equal $65,858,695 as shown on Exhibit B-1; • The Initial Parcel will be allocated 100% of the Assessment levied for the Authorized Improvements (which Assessments include the Initial Major Improvement Assessments and the Additional Major Improvements Assessments), which equals $55,322,000 as shown on the Assessment Rolls attached hereto as Exhibit G-1 and Exhibit G-2; FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 24 PRELIMINARY SERVICE AND ASSESSMENT PLAN • The special benefit ($65,858,695) received by the Initial Parcel from the Authorized Improvements is equal to or greater than the amount of the Assessment ($55,322,000) levied on the Initial Parcel for the Authorized Improvements; and • At the time the City Council approved the Service and Assessment Plan, the Owners owned 100% of the Initial Parcel. The Owners acknowledged that the Authorized Improvements confer a special benefit on the Initial Parcel and consented to the imposition of the Assessment to pay for the Actual Costs associated therewith. The Owners ratified, confirmed, accepted, agreed to, and approved: (1) the determinations and findings by the City Council as to the special benefits described herein and the applicable Assessment Ordinance; (2) the Service and Assessment Plan and the applicable Assessment Ordinance; and (3) the levying of the Assessment on the Initial Parcel. 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 PID Bonds may exceed the interest rate on such PID Bonds by the Additional Interest Rate. Additional Interest shall be collected on the Initial Major Improvement Assessments. Additional Interest will not be collected on the Additional Major Improvement Assessments until the issuance of PID Bonds secured by the Additional Major Improvement Assessments, and at such time will be collected pursuant to the terms of the applicable Indenture. F. TIRZ Annual Credit Amount The City Council, in accordance with the TIRZ Project Plan, has agreed to use a portion of TIRZ Revenues generated from each Assessed Property to offset a portion of the principal and interest of the Assessments, as applicable. 1. The principal and interest portion of the Initial Major Improvement Annual Installment for an Assessed Property shall receive a TIRZ Annual Credit Amount equal to the TIRZ Revenue generated by the Assessed Property for the previous Tax Year (e.g. TIRZ Revenue collected from the Assessed Property for Tax Year 2025 shall be applied as the TIRZ Annual Credit FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 25 PRELIMINARY SERVICE AND ASSESSMENT PLAN Amount applicable to the Assessed Property's Initial Major Improvement Annual Installment collected in Tax Year 2026), but in no event shall the TIRZ Annual Credit Amount exceed the TIRZ Maximum Annual Credit Amount shown in Section V.E.2 as calculated on Exhibit F for each Assessed Property. 2. The TIRZ Maximum Annual Credit Amount available to reduce the principal and interest portion of the Initial Major Improvement Annual Installment for an Assessed Property is calculated for each Lot Type, as shown on Exhibit F. The TIRZ Maximum Annual Credit Amount is calculated so that the average Initial Major Improvement Annual Installment minus the TIRZ Maximum Annual Credit Amount for each Lot Type does not produce an equivalent tax rate for such Lot Type which exceeds the competitive, composite equivalent ad valorem tax rate ($2.34 per $100 of assessed value) taking into consideration the 2024 tax rates of all applicable overlapping taxing units and the equivalent tax rate of the Initial Major Improvement Annual Installment based on the Estimated Buildout Values at the time Assessment Ordinance is approved. The resulting TIRZ Maximum Annual Credit Amount for each Lot Type is shown on Exhibit F. The TIRZ Maximum Annual Credit Amount will not be used to reduce the principal and interest on the Additional Major Improvement Assessment. 3. After the TIRZ Annual Credit Amount is applied to provide a credit towards the principal and interest portion of the Initial Major Improvement Annual Installment for the Assessed Property, any excess TIRZ Revenues available from the TIRZ Fund shall be applied pursuant to the TIRZ Project Plan. SECTION VI: TERMS OF THE ASSESSMENTS Any reallocation of Assessments as described in this Section VI shall be considered an administrative action of the City and will not be subject to the notice or public hearing requirements under the PID Act. A. Reallocation of Assessments 1. Upon Division Prior to Recording of Subdivision Plat or Declaration Upon the division of any Assessed Property (without the recording of a subdivision plat), the Administrator shall reallocate the Assessment for the Assessed Property prior to the division among the newly divided Assessed Properties according to the following formula: A=Bx(C-D) Where the terms have the following meanings: A = the Assessment for the newly divided Assessed Property FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 26 PRELIMINARY SERVICE AND ASSESSMENT PLAN B = the Assessment for the Assessed Property prior to division C = the Estimated Buildout Value of the newly divided Assessed Property D = the sum of the Estimated Buildout Value for all the newly divided Assessed Properties The calculation of the Assessment of an Assessed Property shall be performed by the Administrator and shall be based on the Estimated Buildout Value of that Assessed Property, as provided bythe Owner, relying on information from builders, market studies, appraisals, Official Public Records of the County, and any other relevant information regarding the Assessed Property. The Estimated Buildout Values for each Lot Type are shown on Exhibit E and will not change in future Annual Service Plan Updates but Exhibit E may be updated in future Annual Service Plan Updates to account for additional Lot Types. The calculation as confirmed by the City Council shall be conclusive and binding. The sum of the Assessments for all newly divided Assessed Properties shall equal the Assessment for the Assessed Property prior to subdivision. The calculation shall be made separately for each newly divided Assessed Property. The reallocation of an Assessment for an Assessed Property that is a homestead under Texas law may not exceed the Assessment prior to the reallocation. Any reallocation pursuant to this section shall be reflected in the Annual Service Plan Update immediately following such reallocation. 2. Upon Subdivision by a Recorded Subdivision Plat or Recorded Declaration 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 same Lot Type D = the sum of the Estimated Buildout Value for all of the newly subdivided Lots excluding Non-Benefitted Property E= the number of newly subdivided Lots with same Lot Type Prior to the recording of a subdivision plat, the Owner shall provide the City an Estimated Buildout Value as of the date of the recorded subdivision plat for each Lot created by the FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 27 PRELIMINARY SERVICE AND ASSESSMENT PLAN recorded subdivision plat or recorded declaration. The calculation of the Assessment for a Lot shall be performed by the Administrator and confirmed by the City Council based on Estimated Buildout Value information provided by the Owner, builders, third party consultants, and/or the Official Public Records of the County regarding the Lot. The Estimated Buildout Values for each Lot Type are shown on Exhibit E and will not change in future Annual Service Plan Updates. The calculation as confirmed by the City Council shall be conclusive and binding. The sum of the Assessments for all newly subdivided Lots shall not exceed the Assessment for the portion of the Assessed Property subdivided prior to subdivision. The calculation shall be made separately for each newly subdivided Assessed Property. Any reallocation pursuant to this section shall be reflected in the Annual Service Plan Update immediately following such reallocation. 3. Upon Consolidation If two or more Lots or Parcels are consolidated into a single Lot or Parcel, the Administrator shall allocate the Assessments against the Lots or Parcels before the consolidation to the consolidated Lot or Parcel, which allocation shall be approved by the City Council in the next Annual Service Plan Update immediately following such consolidation. The Assessment for any resulting Lot may not exceed the Maximum Assessment for the applicable Lot Type and compliance may require a mandatory Prepayment of Assessments pursuant to Section VI.B. B. True -Up of Assessments if Maximum Assessment Exceeded Upon submission of a preliminary plat and/or site plan by the Owner to the City, the Owner shall provide the City the gross building square footage and use type for land included in the preliminary plat and/or site plan for each Lot anticipated to be created by the preliminary plat and/or site plan considering factors that may impact value. The Administrator will review the preliminary plat and/or site plan to determine if such plat and/or site plan will or will not result in the Assessment per Lot for any Lot Type within the preliminary plat and/or site plan exceeding the Maximum Assessment. If the Administrator determines the preliminary plat and/or site plan results in an Assessment per Lot for any Lot Type exceeding the Maximum Assessment, prior to the City issuing any building permit for any such Lot described in the reviewed preliminary plat or site plan, the Owner will make a Prepayment in an amount sufficient to reduce the Assessment for each Lot within such preliminary plat and/or site plan to the Maximum Assessment. The City's approval of an Annual Service Plan Update, a preliminary plat, or a site plan without payment of such Prepayment amounts does not eliminate the obligation of the Owner to pay such amounts. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 28 PRELIMINARY SERVICE AND ASSESSMENT PLAN By way of illustration, if a block is initially anticipated to contain 1,000 square feet of commercial property subject to a Maximum Assessment of $10 per square foot, the block would initially be allocated a total Assessment of $10,000. If the Developer then submits to the City and Administrator a Preliminary Site Plan showing only 800 square feet of commercial property on said block, the Owner will be required to make or cause to be made a Prepayment in an amount sufficient to reduce the Assessment allocated to said block to the Maximum Assessment of $10 per square foot, which is calculated using the following formula: A=B-(C*D) Where the terms have the following meanings: A = the Prepayment amount B = the Assessment originally allocated to the Assessed Property C = the number of units in the Assessed Property per the Preliminary Site Plan D = the Maximum Assessment per unit Initially Anticipated: 1,000 $ 10,000.00 $ 10.00 Site Plan: 800 $ 10,000.00 $ 12.50 Post -Prepayment IN: 800 $ 8,000.00 $ 10.00 Footnotes: [a] The Maximum Assessment per square foot is $10.00. [b] The Mandatory Prepayment amount required in this example to reduce the Assessment per square foot back down to the Maximum Assessments of $10.00 is $2,000.00 (10,000-(800.10) = 2,000). C. Mandatory Prepayment of Assessments If Assessed Property is transferred to a person or entity that is exempt from payment of the Assessments under applicable law or any portion of Assessed Property becomes Non-Benefitted Property, the owner transferring the Assessed Property or causing the portion to become Non- Benefitted 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; provided that, however, such mandatory Prepayment of the Assessment shall not be required for portions of a Parcel that are dedicated or conveyed to the City, a property owner association, any other governmental entity or utility provider for use as internal roads, utilities, parks, drainage and detention facilities, and other similar public improvements, in which case the Assessment that was allocated to the Parcel will be reallocated to the remainder of the Parcel. If a reallocation to the remainder of the Parcel as FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 29 PRELIMINARY SERVICE AND ASSESSMENT PLAN provided in the foregoing sentence causes the Assessment for such remainder to exceed the Maximum Assessment, the owner of the remainder of the Parcel must partially prepay the Assessment to the extent it exceeds the Maximum Assessment in an amount sufficient to reduce the Assessment to the Maximum Assessment. D. Reduction of Assessments If the Actual Costs of completed Initial Major Improvements are less than the Initial Major Improvement Assessments, then (i) in the event Initial Major Improvement Bonds have not been issued for the purpose of financing the Initial Major Improvements affected by such reduction in Actual Costs, the City Council shall reduce each Initial Major Improvement Assessment, on a pro rata basis, such that the sum of the resulting reduced Initial Major Improvement Assessments for all Initial Major Improvement Assessed Property equals the reduced Actual Costs that were expended, or (ii) in the event that Initial Major Improvement Bonds have been issued for the purpose of financing the Initial Major Improvements affected by such reduction in Actual Costs, the Trustee shall apply amounts on deposit in the applicable account of the project fund created under the Indenture relating to the Initial Major Improvement Bonds as directed by the City pursuant to the terms of such Indenture, and the TIRZ Annual Credit Amount will be reduced in the same proportion as the Initial Major Improvement Assessments. Such excess Initial Major Improvement Bond proceeds may be used for any purpose authorized by such Indenture. The Initial Major Improvement Assessments shall never be reduced to an amount less than the amount required to pay all outstanding debt service requirements on all outstanding Initial Major Improvement 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 Initial Major Improvement Assessment Roll and corresponding Initial Major Improvement Annual Installments to reflect the reduced Initial Major Improvement Assessments. If the Actual Costs of completed Additional Major Improvements are less than the Additional Major Improvement Assessments, then (1) in the event Additional Major Improvement Bonds have not been issued for the purpose of financing the Additional Major Improvements affected by such reduction in Actual Costs, the City Council shall reduce each Additional Major Improvement Assessment, on a pro rata basis, such that the sum of the resulting reduced Additional Major Improvement Assessments for all Additional Major Improvement Assessed Property equals the reduced Actual Costs that were expended, or (ii) in the event that Additional Major Improvement Bonds have been issued for the purpose of financing the Additional Major Improvements affected by such reduction in Actual Costs, the Trustee shall apply amounts on deposit in the applicable account of the project fund created under the Indenture relating to the Additional Major Improvement Bonds as directed by the City pursuant to the terms of such FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 30 PRELIMINARY SERVICE AND ASSESSMENT PLAN Indenture, and the TIRZ Annual Credit Amount will be reduced in the same proportion as the Additional Major Improvement Assessments. Such excess Additional Major Improvement Bond proceeds may be used for any purpose authorized by such Indenture. The Additional Major Improvement Assessments shall never be reduced to an amount less than the amount required to pay all outstanding debt service requirements on all outstanding Additional Major Improvement 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 Additional Major Improvement Assessment Roll and corresponding Additional Major Improvement Annual Installments to reflect the reduced Additional Major Improvement Assessments. E. Prepayment of Assessments The owner of any Assessed Property may, at any time, pay all or any part of an Assessment in accordance with the PID Act. Prepayment Costs, if any, may be paid from a reserve established under the applicable Indenture. If an Annual Installment has been billed, or the Annual Service Plan Update has been approved by the City Council prior to the Prepayment, the Annual Installment shall be due and payable and shall be credited against the Prepayment. If an Assessment on an Assessed Property is prepaid in full, with Prepayment Costs, (1) the Administrator shall cause the Assessment to be reduced to zero on said Assessed Property and the applicable Assessment Rolls revised accordingly; (2) the Administrator shall prepare the revised Assessment Rolls and submit such revised Assessment Roll to the City Council for review and approval as part of the next Annual Service Plan Update; (3) the obligation to pay the Assessment and corresponding Annual Installments shall terminate with respect to said Assessed Property; and (4) the City shall provide the owner with a recordable "Notice of Assessment Termination." If an Assessment on an Assessed Property is prepaid in part, with Prepayment Costs: (1) the Administrator shall cause the Assessment to be reduced to reflect the amount of the Assessment remaining after such partial prepayment on said Assessed Property and the Assessment Roll revised accordingly; (2) the Administrator shall prepare the revised Assessment Roll and submit such revised Assessment Roll to the City Council for review and approval as part of the next Annual Service Plan Update; and (3) the obligation to pay the Assessment will be reduced to the extent of the Prepayment made. F. Payment of Assessment in Annual Installments Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G- 3 shows the estimated Annual Installments including both the Initial Major Improvement FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 31 PRELIMINARY SERVICE AND ASSESSMENT PLAN Assessment and the Additional Major Improvement 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. The Annual Collection Costs for a given Assessment shall be paid by the owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment remaining on the Parcel to the total outstanding Assessment. Annual Installments may at the discretion of the City be reduced by any credits applied under an applicable Indenture, such as capitalized interest, interest earnings on account balances, and any other funds available to the Trustee for such purposes. Annual Installments shall be collected by the City in the same manner and at the same time as ad valorem taxes to the extent practically possible. Annual Installments shall be subject to the penalties, procedures, and foreclosure sale in case of delinquencies as set forth in the PID Act and in the same manner as ad valorem taxes due and owing to the City. To the extent permitted by the PID Act or other applicable law, the City Council may provide for other means of collecting Annual Installments. Assessments shall have the lien priority specified in the PID Act. 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 any of the remaining unpaid Annual Installments as they become due and payable. The City reserves the right to refund PID Bonds in accordance with applicable law, including the PID Act. In the event of a refunding, the Administrator shall recalculate the Annual Installments so that total Annual Installments will be sufficient to pay the refunding bonds, and the refunding bonds shall constitute "PID Bonds." Each Annual Installment of an Assessment, including interest on the unpaid principal of the Assessment, shall be updated annually. Each Annual Installment shall be due when billed and shall be delinquent if not paid prior to February 1 of the following year. The initial Annual Installments of the Initial Major Improvement Assessments shall be due when billed and shall be delinquent if not paid prior to February 1, 2027. The initial Annual Installments of the Additional Major Improvement Assessments shall become delinquent on the first February 1 falling after the Additional Major Improvement Assessments Trigger Date. Failure of an owner of an Assessed Property to receive an invoice for an Annual Installment shall not relieve said owner of the responsibility for payment of the Assessment. Assessments, or Annual Installments thereof, that are delinquent shall incur Delinquent Collection Costs. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 32 PRELIMINARY SERVICE AND ASSESSMENT PLAN G. Prepayment as a Result of an Eminent Domain Proceeding or Taking Subject to applicable law, if any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent domain proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to an entity with the authority to condemn all or a portion of the Assessed Property in lieu of or as a part of an eminent domain proceeding (a "Taking"), the portion of the Assessed Property that was taken or transferred (the "Taken Property") shall be reclassified as Non-Benefitted Property. For the Assessed Property that is subject to the Taking as described in the preceding paragraph, the Assessment that was levied against the Assessed Property (when it was included in the Taken Property) prior to the Taking shall remain in force against the remaining Assessed Property (the Assessed Property less the Taken Property) (the "Remaining Property") following the reclassification of the Taken Property as Non-Benefitted Property, subject to an adjustment of the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. The owner of the Remaining Property will remain liable to pay, pursuant to the terms of this Service and Assessment Plan, as updated, and the PID Act, the Assessment that remains due on the Remaining Property, subject to an adjustment in the Assessment applicable to the Remaining Property after any required Prepayment as set forth below. Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property exceeds the applicable Maximum Assessment, the owner of the Remaining Property will be required to make a Prepayment in an amount necessary to ensure that the Assessment against the Remaining Property does not exceed such Maximum Assessment, in which case the Assessment applicable to the Remaining Property will be reduced by the amount of the partial Prepayment. In all instances the Assessment remaining on the Remaining Property shall not exceed the applicable Maximum Assessment. By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100 Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be reclassified as Non-Benefitted Property and the remaining 90 acres constituting the Remaining Property shall be subject to the $100 Assessment (provided that this $100 Assessment does not exceed the Maximum Assessment on the Remaining Property). If the Administrator determines that the $100 Assessment reallocated to the Remaining Property would exceed the Maximum Assessment, as applicable, on the Remaining Property by $10, then the owner shall be required to pay $10 as a Prepayment of the Assessment against the Remaining Property and the Assessment on the Remaining Property shall be adjusted to $90. Notwithstanding the previous paragraphs in this subsection, if the owner of the Remaining Property notifies the City and the Administrator that the Taking prevents the Remaining Property from being developed for any use which could support the Estimated Buildout Value FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 33 PRELIMINARY SERVICE AND ASSESSMENT PLAN requirement, the owner shall, upon receipt of the compensation for the Taken Property, be required to prepay the amount of the Assessment required to buy down the outstanding Assessment to the applicable Maximum Assessment on the Remaining Property to support the Estimated Buildout Value requirement. The owner will remain liable to pay the Assessment on both the Taken Property and the Remaining Property until such time that such Assessment has been prepaid in full. Notwithstanding the previous paragraphs in this subsection, the Assessments shall never be reduced to an amount less than the amount required to pay all outstanding debt service requirements on all outstanding PID Bonds. SECTION VII: ASSESSMENT ROLL The Assessment Rolls are attached as Exhibit G-1 and Exhibit G-2. The Administrator shall prepare and submit to the City Council for review and approval proposed revisions to the Assessment Rolls and Annual Installments for each Parcel as part of each Annual Service Plan Update. SECTION Vill: ADDITIONAL PROVISIONS A. Calculation Errors If the owner of a Parcel 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 owner's sole and exclusive remedy shall be to submit a written notice of error to the Administrator by December 1st of each year following City Council's approval of the calculation. Otherwise, the owner shall be deemed to have unconditionally approved and accepted the calculation. The Administrator shall provide a written response to the City Council and the owner not later than 30 days after receipt of such a written notice of error by the Administrator. The City Council shall consider the owner's notice of error and the Administrator's response at a public meeting, and, not later than 30 days after closing 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, the applicable Indenture, or as otherwise authorized by the discretionary power of the City Council. The determination by the City Council as to whether an error has been made, and any corrective action taken by the City Council, shall be final and binding on the owner and the Administrator. Any action by the City Council shall not impair the rights or security for bondholders of the PID Bonds. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 34 PRELIMINARY SERVICE AND ASSESSMENT PLAN 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 bythe 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 holding a public hearing at which all interested parties have an opportunity to be heard. Decisions by the City Council shall be final and binding on the owners of Assessed Property and developers and their successors and assigns. D. Form of Buyer Disclosure; Filing in Real Property Records Within seven days of approval by the City Council, the Assessment Ordinance shall be filed and recorded in the real property records of the County. In addition, the City shall similarly file each Annual Service Plan Update approved by the City Council, with each such filing to occur within seven days of the date of each respective Annual Service Plan Update is approved. E. Severability If any provision of this Service and Assessment Plan is determined by a governmental agency or court to be unenforceable, the unenforceable provision shall be deleted and, to the maximum extent possible, shall be rewritten to be enforceable. Remaining provisions of this Service and Assessment Plan shall remain in effect. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 35 PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBITS The following Exhibits are attached to and made a part of this Service and Assessment Plan for all purposes: Exhibit A District Boundary Map Exhibit B-1 Project Costs Exhibit B-2 Fire Station Apportionment of Costs Exhibit C Service Plan Exhibit D Sources and Uses of Funds Exhibit E Maximum Assessment and Tax Rate Equivalent Exhibit F TIRZ Maximum Annual Credit Amount Exhibit G-1 Initial Major Improvement Assessment Roll Exhibit G-2 Additional Major Improvement Assessment Roll Exhibit G-3 Annual Installments Exhibit H Maps of Initial Major Improvements and Additional Major Improvements Exhibit I Form of Notice of PID Assessment Termination Exhibit J Debt Service Schedule for Initial Major Improvement Bonds Exhibit K District Boundary Description FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 36 PRELIMINARY SERVICE AND ASSESSMENT PLAN APPENDICES The following Appendices are attached to and made a part of this Service and Assessment Plan for all purposes: Appendix Engineer's Report Appendix B Buyer Disclosures FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 37 PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT A- DISTRICT BOUNDARY MAP OVERVIEW MAP: CITY CENTER PID 106.472 ACRES A_7 V INV $$ y PmCa 1 LIA""m 01 Mfn 0 005 05 FRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 36 PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT B-1- PROJECT COSTS Wtlol Maforlmprovemenb FM 528 Traffic Improvements $1,201),000 D➢O% $ - 10000% $1,200,000 Phase l Bbckhawk Boulevards Improvements 240,913 0.0014 - 100.0006 240,923 Phase l Townes Road Improvements 171,984 MORK - 100.00% 271,984 Phase l Mail].. Avenue Improvements 98,159 0.00% - 100.00% 98,159 Larmbee Way Improvements 817,556 0.0D% - lw.00% 817,556 Phase l Earthwork. PzvingaM Grading 649,796 36.51% 237,253 63.49% 412,543 Clearing, Grubbing and Demol9lon 3,226,758 22.93% 2,353,150 22.07% 823,609 Detention Pond 14,761,896 5.27% 728,095 94.73% 13,983,801 Detention Pond 2,018,422 0.00% - 100.00% 2,018,472 Phase l Storm Drainage 5,144,261 0.00% - 100.00% 5,144,761 C rtfpgenc52`a 3,695,875 0.00% - 100.004 3,695,875 Soft CosEew 1,714,512 95.16% 1,631,502 4.84% 83,010 $ 33,MD,192 $ Sp00,o00 $ 21s,840,198 Additional Mafor Improvemen Is Phase2IW,khawkebd. Improvements $3,703,530 0.00% $ - 100.00% $3,703,530 Phase 21mmmsRd. improvements 323,993 0.00% - 100.00% 323,993 Phase 2 Madison Ave. Improvements 213,654 o.W% - 100.0036 213,654 Bennett Blvd. Improvements 804,530 D.00% - 100.004 W,530 Phase 2 Earthwork Paving &Grading 2,417,727 0.00% - 100.0p4 1,417,727 Water 1,007,036 0.00,36 - 100. 1,1103,036 Wastewater 862,829 0.00% - loo.00% 862,879 SanOarySewer Lift Station 1,330,700 O.M - 100.00% 1,330,700 Phase 2 Storm Drainage 179,101 0.00% - 100.00% 179,101 Landscaping, Parks and Amenities 5,597,472 0.00% - 100.00% 5,597A72 Fire StatimBI 6,30D,000 82.56% 7,262,480 12.44% 1,032,520 Curdle .ncy30 2,141,508 O.M - 100.00% 2,141,508 Soft Coslstu 2,981,848 0.00% 100.00% 2,991,948 $ 28,863,928 $ 7,267,460 $ 21,596.498 fnitbl Mcjorfmpmvement Bond Issuance Cosh Dalieruenry and Prepayment Reserve FUM $ 937,500 $ - $ 937,500 Debt Service Reserve Fund 3,201,440 - 3,201,440 Upkalhed Interest 4,717,708 - 4,717,708 UnderwPoer Discount 1,125,00D - 1,125,000 Costoflouance 1,875,000 1,875,000 $ 11,M6,648 $ - $ 11,85Q648 Additdenal Majorfmprwement Bondlssuanre Custsm Delbquency and Prepayment Reserve Fund $ 445,SSO $ - $ 445,550 Debt Service Reserve Fund 1,513,540 - 1,513,540 Underwdter Discount 535,162 - 53S,162 Wstoflssuance 891,1w 891,IW $ 3,385,352 $ - $ 3,385,3S2 D6 hict Eomrotloo lamemes Distrid Formallon Expenses $ 1wow $ $ IOO,ow $ 3wow $ - $ loO,Ogo other Costs Deposit to Administrative Fund $ BD,000 $ $ 60,000 $ Wwo $ - $ 80,000 Total $ 78,126,175 $12,262.480 $ 65,858,695 Footnotes: La] Costsweredetermined bythe Engineels Reportattached hereto as Appendht A- lb] Funding forth , Nan43istdct Costsare being provided by otherlawfully available revenue orthe Cityand w0I not reimbursed by the PID Bond; Initial Major Improvement Assessments orMdftbnal Major Improvement MaessmenK Icl Calculated at 13%of ham construction costs forthe Instal Majorimprovements as approved bythe City. Idl Includes professional services fees relaledto drainage and nand mitigation, Land Plannin& Design, Engonerin& Geotechnical Englneedn& and Surveying for the Initial Major Improvements. 101 Apportionment of Casts for the Fire Station is based on the estimated Assessed Valuation for the District as percentage of the City's 2023 Assessed Valuation. Ifl Calculated at 13%of hard construction costs for the Additional Major Improvements as approved by the City. [g] Includes professional servicess fees related to Engineering, Geotechnical Engineerin& Surveying, land Planning and Design ofthe Additional Major Improvements. [h] Preliminary estimates. Actual costs will be determined at the time of bond issuance for the Additional Major Improvements. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 39 PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT B-2 - FIRE STATION -APPORTIONMENT OF COSTS Footnotes: 1)The District estimated Taxable Valuation is estimated by the Developer and the City's 2024 estimated Taxable Valuation is per the City on September 17, 2024. 2) The Fire Station Improvements are apportioned based on the estimated Taxable Valuation for the District as a percentage of the of City's 2024 estimated Taxable Valuation. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 40 PRELIMINARY SERVICE AND ASSESSMENT PLAN O o o Ln O to LP m fV t? O d o m ' ID m a m N to O 0 O O ' 00 Vl d tD fV ' t/7 0 0 Lr Lf W to N N a/f 00 OD O O fV fV O O N N 0 N Ln to O M N O 'd m kD 0 0 to tR O O O cr tD O ftl J: O O O m O 00 00 to o tD m O O 00 N N � to to to O N N m O m m 00 N 00 O V' 00 N ' 00 N N IA rl c-I 0 a ' M O m m N t0 n f+l M t0 cr 00 N N Vf c-I e-I an LT VT 0 00 00 t/T t/T LO a N 1/T to V? N N M. + n w 0 E U C N O � w m = N u L a0+ a 9 m 48 0 Q l0 Y N � N N N > W f0 � Y � W � L a c L m N p +s a N 0 i (k1 O Y a4) U C m Q - 0 c N EL CO C W - [6 L =� L Y a N � Q h L O � U Q � t v n a c 0 v o o m d � L C C d O 0 0 Y GO m p O 6 O N N Q (D w 0 Y 3 0) C O. U 0) L a ^ Y C O co 0 r N u O O OD L 0 •- 3 w O x 3 Y N `w m L E = E Y d W N C i y N O 0 C n 0 O0 Q v � •O1 = L Y W m 0 u - t Y W 0 Y ri EXHIBIT D - SOURCES AND USES OF FUNDS Initial Major Improvement Bonds Additional Major Improvement Reimbursement Obligation" Non -District Sourcesibl Owner Contribution1d Total Sources of Funds - 17,822,000 5,000,000 7,267,480 3,291,846 7,244,849 $ 45,791,846 $ 32,334,329 $ 37,500,000 $ 17,822,000 12,267,480 10,536,695 $ 78,126,175 of FundsUses Major Improvements $28,840,198 $ 21,596,498 $ 50,436,695 Non-PID Improvements $ 5,000,000 $ 7,267,480 $ 12,267,480 Total Improvements $ 33,840,197 $ 28,863,978 $ 62,704,175 Initial Major Improvement Bond Issuance Costs Additional Interest Reserve Fund Debt Service Reserve Fund Capitalized Interest Underwriter Discount Cost of Issuance Additional Major Improvement Bond Issuance Costs IdI Additional Interest Reserve Fund Debt Service Reserve Fund Underwriter Discount Cost of Issuance District Formation Expenses District Formation Expenses Other Costs Deposit to Administrative Fund Total Uses of Funds $ 937,500 $ - $ 937,500 3,201,440 - 3,201,440 4,717,708 - 4,717,708 1,125,000 - 1,125,000 1,875,000 - 1,875,000 $ 11,856,648 $ - 11,856,648 $ - $ 445,550 $ 445,550 - 1,513,540 1,513,540 - 535,162 535,162 - 891,100 891,100 $ - 3,385,352 3,385,352 50,000 50,000 100,000 $ 50,000 50,000 100,000 45,000 35,000 80,000 $ 45,000 $ 35,000 $ 80,000 $ 45,791,846 $ 32,334,329 $ 78,126,175 Footnotes: [a] Remaining reimbursement to the developer pursuant to the Reimbursement Agreement that shall be paid with Annual Installments of Additional Major Improvement Assessments or may be financed by the issuance of future PID Bonds. [b] Non -District sources are lawfully available revenue of the City to be contributed to pay or reimburse certain costs of the Authorized Improvements and will not be utilized to buydown the Intial Major Improvement Assessment or the Additional Major Improvement Assessement. The sources are to be paid as a direct reimbursement for costs. [c] Non -reimbursable to the Owner/Developer through PID Bonds, the Initial Major Improvement Assessments, or the Additional Major Improvement Assessments. [d] Estimated, subject to change. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT PRELIMINARY SERVICE AND ASSESSMENT PLAN 42 LU k LU � uj 2 « z I 4A a � 2 x � ui 2 § )]I!!§| §\\)\\ !()!!|| )\!!} {{{{}! tj K ■§Nmr #}#§§ §5§\§ u )� N i v J J O' Z W 5 H Vf W N N Q F. 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IF n EXHIBIT I — FORM OF NOTICE OF PID ASSESSMENT TERMINATION P3Works, LLC 9284 Huntington Square, Ste 100 North Richland Hills, TX 76182 [Date] Harris County Clerk's Office Honorable 201 Caroline Suite 310 Houston, TX 77002 Re: City of Friendswood Lien Release doenments for filing Dear Ms./Mr. Enclosed is a lien release that the City of Friendswood is requesting to be filed in your office. Lien release for [insert legal description]. Recording Numbers: [Plat]. Please forward copies of the filed documents to my attention: City of Friendswood Attn: [City Secretary] 910 S. Friendswood Drive Friendswood, TX 77546 Please contact one if you have any questions or need additional information. Sincerely, [Signature] P3Works, LLC (817)393-0353 Admin@P3-Works.com www.P3-Works.com FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 66 PRELIMINARY SERVICE AND ASSESSMENT PLAN AFTER RECORDING RETURN TO: [City Secretary Name] [City Secretary Address] 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 § § NOW ALL MEN BY THESE PRESENTS: COUNTY OF HARRIS § THIS FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN (this "Full Release") is executed and delivered as of the Effective Date by the City of Friendswood, Texas, a Texas home rule municipality. RECITALS WHEREAS, the governing body (hereinafter referred to as the "City Council") of the City of Friendswood, 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 of the City; and WHEREAS, on or about January 8, 2024, the City Council for the City, approved Resolution No. R2024-01, creating Friendswood City Center Public Improvement District; and WHEREAS, the Friendswood City Center Public Improvement District consists of approximately 106.472 contiguous acres within the corporate limits of the City; and WHEREAS, on or about, November 4, 2024, the City Council, approved Ordinance No. [xxx-2024], (hereinafter referred to as the "Assessment Ordinance") approving an service and assessment plan and assessment roll for the Property within the Friendswood City Center Public Improvement District; and WHEREAS, the Assessment Ordinance imposed an assessment in the amount of [amount] (hereinafter referred to as the "Lien Amount") for the following property: [legal description], a subdivision in Harris County, Texas, according to the map or plat of record in Document/Instrument No. of the Plat Records of Harris County, Texas (hereinafter referred to as the "Property"); and FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 67 PRELIMINARY SERVICE AND ASSESSMENT PLAN 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 Harris 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 FRIENDSWOOD, TEXAS, A Texas home rule municipality, By: [Manager Name], City Manager ATTEST: [Secretary Name], City Secretary STATE OF TEXAS 111 ]slog61911aI/\t7t7F.` This instrument was acknowledged before me on the day of , 20_, by [City Manager], for the City of Friendswood, Texas, a Texas home rule municipality, on behalf of said municipality. Notary Public, State of Texas FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 68 PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT J - DEBT SERVICE SCHEDULE FOR INITIAL MAJOR IMPROVEMENT BONDS ReAmnYy, Subject to Change Fa DIs6u55bb and 19uSIMINe P. Sfitly SpeJ+l Nluusenl M+en+<9m6+.hfW ]016 (Gry[ure Mi[ImpenMMO[Lkl W3W Mdv MPe+emf^]Nu1e[�MI IO%ltllNZ lu4dubn MLLe+W XN WN Smke/M9JfmfM[ � WVNMe�er Myannenl Ne+l Xll M++Snun MW M. N+wI bluul WM 4pi+4M pNimw Xel Deb /d4VaW XOA6nq MnuN 9/VmiS (659}H - I8 tahl. ij91.hY I.M. - - VVen 1659}H ]DP% U.'aaa ;6HAV Ml= "Na IS}P 9/Vmt] a,659}t9 IU.Nt ]N]% 161S,W] 1A61A00 IA6)ro3 16d19 3,IWAIB %VmH 4659}H 169dN ]AMv. t}w,HO 30,M0 - ],OU}IO 3).Hf ;IIWM INN. 9.659}H $4= 1AA14 I36S.510 Inea.SIO - SFM}SO U,1% SSW" WS/43, 4.11". M. ]IXV% mmM `a )MS110 - l,(E6.iN f9.H3 1SH}l1 fMN]S a659.9H mm ]Ab% i.tHA30 3AW.6b 'M." WA. LII9,Wl f/44l1 46S9,9H 6U,(W 7. l.N]dH lASoA. 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Inc FRIENDSW OOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 69 PRELIMINARY SERVICE AND ASSESSMENT PLAN EXHIBIT K - DISTRICT BOUNDARY DESCRIPTION Exhibit "A" District Boundaries METES AND BOUNDS DESCRIPTION I08 472 ACRES (4,03$000 SOUARS PEFT) SARAH MCKISSICK LEAGUE, A-640 CITY OF FRIENDSW000 I IARRIS COUNTY, TEXAS Being . treat a1 permit panlainlno 100 472 acre. (4,63f,000.mtmm fast) of land nItU.t.0 In the Serah MCKte.I.k League. Abidr.0 Number 640, Harris County, T....; being all of RHbiw.d R... I.. -A" and -C-, CLEAR CREEK COMMUNITY CHURCH 11IENOBW000, a subdwWon plot of rocord at Film Code No. 001801. Harris County Mop Recurde (I I.0 M-R ))' being It,. residue of . ..lied 136 228 ,o tmcl of land Conveyed la Clear Cfoak� Community Chw.h .. Ue.crlbed by dead recorded undo limrte County Clark'. File 41'I.C,C, P.) No 20150731965; sold 100412 ecru tmcl at land (wino more pertlouWly do.11bed en Fall.. (bearing. one orlaaled to Iha Troia. Blots Plane Coordinet. System of 1083, South Central Zone 4204. US Burv.y Feel, NAUB3(NA2011)- BEOINNINO at a 010-In0i treat rot with Cop stamPad -OBI PARTNERS' found on the curved autharly d hi- f.way (R.O.WJ Ilhe of F.M. 526 (120 feat wide) end marking lee nonherfy r of Bold Restricted RAserva. -A' and -B'. CLEAR CREEK COMMUNITY CHURCH; said Iron rod el.. far the nodhwol comer of Iha hereto doswlb.d Irad; THENCE, Nonhe..far[,. on erc dials. of 311.32 feel Along fold ...th.dy R_O. W. tins Me a Co. to a dpM, having A radru. of 1.640.08 feet, o Control sell. of 09•41'38-. entl " Chord which boars Noah 76-21'40- East, 310.94 fast to a point of Ionnonay, from which a elelarbad Taxes Dopedmonl or Transponellon (TXOOT) oluminum disk found beers South 0y"69' Cost. 0.69 feel; TIIENCE. Noah 81.12'37' East, along Sala souhedy R.O.W. line, at 90.40 fast passing a 6I8-...h Iran rod found marking the norlhea.l c of eald RestrlUea R.Al. 'A', Continuing In oil for a total dblence of 1,772.42 feel torerb0-Inch bon rod found o1 Ilia base of a concrete pad And marking the northereol Corner of a celled 20.0270 acre tract of lend cbmvay.d to Clear Croak 1.6.0. oA described by dery recorded under H.C.C.P. No. P600260; said Iron rod far the no mound Corner of the heraln described InOct; THENCE, South 08-47'23- East. departing •old southerly R, O.W [in.. al 1.280 38 feat ,easing a fire -Inch Iron rotl found marking the westerly Common corner of said 28,0270 .or. tract and o c.11nd f0.0000 ... I,.cl of lean cnnvaynd 1. Clear croak I O ea A ... need by deed ,...,chit under H C C.F. No. P098202. Continuing In all for a loW alelance of 2.190,65 feel to a 518dnrb Iron and with Cap .tamped -RPLS 3924- found on the ed,womunly R O W line of a Ilarde County Flood Control District drainage assoment (160 fool wide) as described by deeds niomded under 11C.C.F. No(.) E449508 entl X304082; paid Iron rotl I., the .oulbaa.t corn., of the harom daamlbod beat; Exhibit "A." Page 1 Page 348 of 353 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 70 PRELIMINARY SERVICE AND ASSESSMENT PLAN METES AND BOUNDS DESCRIPTION 108.472 ACRES (4,837,800 SO. FT.) PAGE 2 OF 4 THENCE. South 38^20'29' Wast, along sold northwesterly R.O.W. line. a distance of 877.09 feet to the call meaner line of mean higher water for Clear Creek as per survey prepared by Stephen Blaskey, LSLS, dated October 9, 2015 and for the most southerly corner of the herein described tract; THENCE, along sold mean higher water line of Clear Creek, the following courses and distances: North 21117'29" West, a distance of 80.86 feet to an angle point; North 04^22'12" West, a distance of 216.00 feet to an angle point; North 32°41'57' West, a distance of 184.39 feel to an angle point; North 61"06'03' Weal a distance of 159.93 feet to an angle point; North 74003'08' West, a distance of 164.71 feet to an angle point; South 48'0249' Weak a distance of 44.69 feet to an angle point; North 73"53'13' West, a distance of 47.50 feel to an angle point; South 49024'27' West, a distance of 89.87 feel to an angle point; North 76" 14'40' West, a distance of 40.66 feet to an angle point; South 43-53.50' West, a distance of 146. 10 feat to an angle point; South 26"05'22' West, a distance of 134.50 feet to an angle point; South 83°33'1T West, a distance of 49.30 feet to an angle point; South 21022'27' West, a distance of 73.69 feet to an angle point; North 77^09'16' West, a distance of 62.96 feet to an angle point; South 69^48'42' West, a distance of 48.72 feet to an angle point; Exhibit -A,- Page 2 Page 349 of 353 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 71 PRELIMINARY SERVICE AND ASSESSMENT PLAN METES ANO BOUNDS DESCRIPTION 106.472 ACRC9 (4,637,900 SO. FT.) PAGE 3 OF 4 NOrth 76"29'09" Waste a distance of 5B.65 feat to an angle polnh North 66^56'36" West. a dlalanca of 120.31 fast to an angle point; North 7W01'47" West. a distano. of 221.20 fast to on angla point; North 67^13'30" Waat, a dlalanca of 112.00 fast to an angla point; North 50"46'11" Want, a dlalanca Of 258.04 feat to an not. point; North 16^00'41" West, a distance Of 00.00 feat to an angle, point; North 06^32'33' West, a distanoa of 60.42 fast to an anela point; North 23"27'30" East, a dlalanca Of 07.18 feet to an angla point: North 39"20'14" Eanl, a dlalanca of 42.52 feat to an angle point; North 59"58'00" Seat. a distance of 35.60 feat to an angle point: South 84"03.OW Seal, a dlalanca Of 25.53 fast t0 an angla point; South 03"21'49' Eaal, a dlalanc. of 25.00 fast to an an91a point: North 23^23'59' Easy a dlalanca of .4.42 teal to an noel. point; North 27^29130- East, a distance of 63.46 feat to an angle point: North 19"02'36" Easy a distance of 103.93 fast to an angle point: North 14^36'12" Seat. a dlalanca Of 53.72 fast to an angle point; North 13122.21" West, a distance of 9.00 foal to an angle point; North 16"04'35' East, .dlalanca of 70.53 feat to an anola point; North 31^32'46" West, a distance of 52.49 feet to an anela point; Exhibit "A " Page 3 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT PRELIMINARY SERVICE AND ASSESSMENT PLAN Page 350 of 353 VP4 METES AND BOUNDS DESCRIPTION 106.472 ACRES (4,637,900 SO. FT.) PAGE 4 OF 4 North 21"40127' West, a distance of 75.23 feel to an angle point; North 29'57'57' Wesl, a distance of 10.93 feet to an angle point; North 35°55'5W West, a distance of 91.39 feet to a southerly corner of Restricted Resewe'D', CLEAR CREEK COMMUNITY CHURCH; THENCE, North 20"OD-13' East, departing said mean higher high water line of Clear Creek and along the common line of sold Restricted Resewes'C- and -D", CLEAR CREEK COMMUNITY CHURCH, a distance of 200.95 feet to a 510-Inch Iron rod With cap stomped 'BOUNDARY ONE- RPLS 5489" set marking the most southerly corner of said Restricted Reserve "B- and for an angle point; THENCE, North 08'44'05' West, along the common line of said Restricted Reserves "B" and 'C•, CLEAR CREEK COMMUNITY CHURCH, at 608A9 feet passing the westerly common corner of said Restricted Reserves 'A' and -C", continuing along a common line of said Restricted Resorvas'A' and -W for a total distance of 854.44 feet to a 518-Inch Iron rod with cap stamped "BOUNDARY ONE-RPLS 5489" set marking a common corner of said Restricted Reserves "A' and "B" and for an angle point: THENCE. South 81-1T21- West, continuing along a common line of said Restricted Reserves 'A' and "W, CLEAR CREEK COMMUNITY CHURCH, a distance of 185.00 feet to a 618-Inch Iron red with cap stamped 'BOUNDARY ONE-RPLS 648W set marking a common corner of said Restricted Reserves "A' and and for an angle point; THENCE. North 18.29'00- West, continuing along a common line of said Restricted Reserves "A' and mB", CLEAR CREEK COMMUNITY CHURCH, a distance of 211.51 feet to the POINT OF BEGINNING and containing 106.472 acres (4,637.000 square feel) of land. This descriplion Is based upon a Land Title Survey of 106.472 Acres of land prepared by Boundary One, I.I.C. Project Number 6767-2200-0670. Compiled by: Christian Offenburf eq R.P.L.S. Boundary One, L.L.C. T.B.P.L.S Firm No. 10084800 150 W. Shadowbend, Suite 304 Friendswood, TX 77646 (281) 640-3131 www.boundaryone.com October 20, 2022 Exhibit "A," Page 4 Page 351 of 353 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 73 PRELIMINARY SERVICE AND ASSESSMENT PLAN APPENDIX A — ENGINEER'S REPORT [Remainder of page intentionally left blank.] FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 74 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENTS DISTRICT (PID) ENGINEERING REPORT o ol i .... . 40 <6 I Yj Frlendswood City Center September 74, 2024 Public Improvement District (PID) Engineering Report Friendswood City Center Public Improvements District)PID) Engineering Report Table of Contents Executive Summary 1. Introduction ....... Page 2. Development Improvements...............................................................................................I..........1 3. Development improvement Descriptions .................... ...... .................... ..................................... .... 1 4. Development Costs........................................................................................................................3 4. Development and Construction Schedxle................................................................................I......3 Exhlblt - El overall P.I.D. Boundary Appendix A - Initial Major Improvements Eneineer's Opinion of Probable Construction Cost Al - Initial Major Improvements -Phase 1 Storm Drain and Detention Improvements A2-Initial Major Improvements-Lartabee Way & Phase 1 Roadway Improvements A3 -Initial Major Improvements- Phase 151dewalk Improvements A4-Initial Major Improvements -Phase 1 FM 520 Intersection Improvements AS -Initial Major Improvements -Sheet Piling Plan and Retaining Wall Improvements Appendix B-Additional Major Improvements Engineers Opinion of Probable Caostruction Cast 01- Additional Mal or Improvements- Phase 2 Storm Drain and Detention Improvements 82 - Additional Major Improvements -Phase 2 Roadway Improvements 63 - Additional Major Improvements- Phase 2 Sidewalk Improvemems 64 - Additional Mal or Improvements- Phase 2 Intersect ion Improvements 65 - Additional Major Improvements- Water System 86-Additional Major Improvements- Wastewater System 87 - Additional Major Improvements- Fire Station 08 - Additional Major Improvements - Park Improvements 69- Additional Major Improvements- Lighting Improvements CONSULTING ENGINEERS FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT PRELIMINARY SERVICE AND ASSESSMENT PLAN 76 Friendswood City Center September 24, 2074 Public Improvement District (PID) Engineering Report Friendswood City Center Public Improvements District (PID) Engineering Report 1. Introduction The Friendswood City Center Development proposes that a Public Improvement District (PID) be created to facilitate the development of 124.6 Acres of land along E. F.M. SM at its Intersection of Blackhatwk Blvd. in the Harris County portion of fdendswood, TX. The site is within Harris County, adjacent to Clear Creek which is the boundary between Harris and Galveston Counties. The development will Include multi -family residential and commercial properties; installation of a Fire Station, an extension of Blackhawk Blvd. to W, Bay Area Blvd., and two detention basins to mitigate slormwater runoff increases from the development of the site and two adjacent properties. This report includes supporting documentation related to the formation of a Public Improvements District (PID). 2. Development Improvements Development Improvements have been dented as Initial Major Improvements and Additional Major Improvements. The Initial Major Improvements are depicted In Appendix A. and the Additional Major Improvements are depicted In Appendix B, of this report, Development improvements will be designed and constructed in accordance wilh City of Friendswood Standards and Specifications and will he owned and operated by the City of Friendswood unless otherwise indicated. Development Improvements are depicted below. 3. Development Improvement Descriptions 3.1 Initial Major Improvements • Detention, Roadway, & Storm Drain Detention & Storm Drain Initial Major Improvements will include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe installation, manholes and junction boxes, curb Inlets, headwalls, testing and all necessary appurtenances constructed to the City of Friendswood standards required to provide drainage service to Improvements for Friendswood City Center. Included are two permanent Rood control detention ponds, called Detention Pond 1 and Detention Pond 2 respectively, clearing, excavation, piping for Inbound and outbound drainage lines and outlet structures far both Detention Pond 1 and Detention Pond 2. Detention Pond 1 Excavation FIII on -site Is calculated to he approximately 268,371 CY, Detention Pond 1 Excavation FIII off -Site Is approximately 335,062 CY, and Detention Pond 2 Excavation Fill Off -Site is approximately 105,952 CY. Detention Pond clearing, excavation, and all necessary appurtenances required for the construction of the detention ponds. The two detention ponds are being constructed to account for additional storage capacity for the benefit of the public. Storm Improvements are shown below in Appendix 3 and are labeled accordingly as Phase I of the Overall Storm Improvements in the Initial Major Improvements Cost Estimate included in Appendix "A". Phase 1 of the Storm Improvements Include 314 LF of 12" RCP, 409 LF of 15° RCP, 3,675 LF of 24" RCP, 984 LF of 30" RCP, 1,354 LF of 36" RCP, 485 LF of 42' RCP, 555 LF total of 48" pipe material, 461 IF of 60" RCP, 691 IF of 72' RCP, 1,085 LF of 94" RCP, as well as 773 LF of 6'x6' Reinforced Concrete Precast Boxes, FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 77 PRELIMINARY SERVICE AND ASSESSMENT PLAN Mendswaod City Center September 24, 2024 Public Improverent District (PID) Engineering Report Initial Major Roadway Improvement items include construction of Phase 1 of an extension of Blackhawk Blvd from F.M. 528 to Larrabee Way which is calculated to be approximately 3,512 SY of roadway construction. Construction of Other Roadway Improvements included in Initial Roadway Improvements, Madison Ave„ Townes Rd, and Larrabee Way, are calculated to he approximately 18094 SV of Roadway Improvement. Initial Major Roadway Improvements Include erosion control measures, earthwork, subgrade stabilization, concrete pavement with curb, concrete sidewalk with ADA ramps, stgnage, and construction testing. Proposed sidewalk improvements for the benefit of walkablllty within the site as well as better access from FM 528 for pedestrian traffic. These sidewalk Improvements consist of 3,621 SY of sidewalk considered Phase 1 of the overall sidewalk improvements for the project. Initial Major Signalbation Improvements at FM 528 & Townes Rd. Include upgrading the existing Bashing traffic signal to full operation to current Texas Department of Transportation spedficalions; as well as adding a southbound left turn lane on Townes Rd. to balance the new (widening) approach to FM 528 northbound from the new development, Initial Major Sfgnalization improvements at FM 528 and Blackhawk Blvd. will include upgrading the existing traffic signal to full operation to current Texas Department of Transportation specifications with the new south leg of the intersection as well as adding a southbound left turn lane on Blackhawk Blvd, to balance the new (widening) approach to FM 528 for access management purposes. Costs related to designing, constructing, Installing, and financing the Initial Major Improvements of Friendswaad City Center are outlined in Cite "Initial Major Improvements — Engineees Opinion of Probable Costs" contained In Appendix "A" of this report. These costs include land planning, engineering design (consultont/eesj, City fees, soil testing. survey, construction management legal fees, contingency, Inspection fees, district formation costs, and other PID costs. These costs will be initially incurred by the Developer. The City of Friendswaod, TX will reimburse the developer per a Tax Reimbursement Investment Zone ITIRZI Agreement prepared separately 3.2 Additional Major Improvements Additional Major Water Improvements to include erosion control measures, earthwork, trench exwvationand embedment, trends safety, pipe Installation, valves, Pre hydrant assemblies, service cannectlons, testing and all necessary appurtenances constructed to the City of Friendswood standards required to provide Improvements to Friends Wood City Center. There will be 12" water lines constructed along Blackhawk Blvd. connecting to the existing water infrastructure an F.M. 528 and West Bay Area Blvd. There will be a 12" water line along Townes Rd. Bennett Blvd. and Larrabee Way will have an a" water line running across connecting the 12" water lines an Townes Rd. and Blackhawk Blvd. Additional Major Wastewater Improvements to Include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe Installation, manholes, service connections, and testing among others constructed to the City of filendswood standards required to provide wastewater service to Improvements to Frtendswood City Center. Construction will consist of an 8" wastewater lines along Larrabee Way and a portion of Blackhawk Blvd. Blackhawk Blvd, will transition from an 8" wastewater line to a 12" wastewater line lying into a proposed Sanitary Lift Station south of the site on Blackhawk Blvd. The approximate total amount of wastewater line material will include 1,705 LF of 12" PVC total, and 1,859 LF of 8" PVC total. A proposed Sanitary Lift Station Is slated to cost an estimated $1,331,OW and will tie Into the manhole an West Bay Area Blvd. An existing e" Sanitary Sewer Une and Sanitary UR Station that currently service clear Creek Community Church will be abandoned and, in Its place, the existing wastewater line will be rerouted Into the Frlendsvrood City Center Sanitary Sewer system near the Blackhawk Blvd and F.M. 528 connection. Eia1 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 78 PRELIMINARY SERVICE AND ASSESSMENT PLAN Friendswood City Center September 24, 2024 Public Improvement District (PID) Engineering Report Additional Major Slgnalization Improvements at West Bay Area Blvd. will include a left turn lane addition at West Bay Area Blvd. where it meets vlilh the extension of Blackhawk Blvd for access management purposes. Additional Major Storm Improvements are tabulated in the "Additional Major Improvements Cost Estimate" found in Appendix "W of this report. These improvements include trench excavation and embedment, trench safety, pipe installation, manholes and junction boxes, curb inlets, testing and al I necessary appurtenances constructed to the City of Friendswood standards required to provide drainage service to Improvements for Fdendswood City Center. For Additional Major landscaping, Parks and Amenities Major Improvements see attached Memorandum provided by Diamond Development Group (Titled "Landscape, Parks, and Amenities Friendswood City Center'), Additional Major Improvements will Include the construction of an estimated $8,000,000 fire station fat use by the City of Frlendswood for the benefit of the public. This Ore station will be constructed off Phase 2 of the Blackhawk Blvd, expansion. Casts related to designing, constructing, Installing, and financing the Additional Major Improvements of Friendswood City Center are.omllned In the "Additional Major Improvements — Engineers Opinion of Probable Costs" contained In Appendix °B" of this report. Thesecosts Include land planning, engineering design 11consuilont fees), City fees, soil testing: survey, construction management, legal fees, contingency, Inspection fees, district formation costs, and other PID costs. These casts will be Initially Incurred by the Developer. The City of Frfendswood, TX will reimburse the developer pet a Tax Reimbursement Investment Zone (TIRZ) Agreement prepared separately 3.3 Public Benefit The development will provide several benefits to the public including (but not limited to) the construction of mpid- tomily residential and commercial properties; installation of fire Station, an extension of Blackhawk Blvd. to W. Bay Area Blvd., an extensive park and trail system, pedestrian friendly streets, and two detention basins to mitigate slat mWater runoff increases from the development of the site and two adjacent properties. 4. Development Costa An Engineers' Opinion of Probable Cost (OPC) has been prepared for both the Initial Major improvements and Additional Major Improvements described above and are included as the Initial Major Improvements Engines Opinion of Probable Cost In Appendix A and Additional Major Improvements Engineer's Opinion of Probable Cost in Appendix B, respectively. The Opinion of Probable Costs are based on contractor pricing, Diamond Development Group's expertise in Landscaping, Parks and amenities, and WGA's reasonable professional judgement and experience and does not constitute a wafranty, expressed at Implied. Actual costs may vary. S. Development and Construction Schedule 5.1 Design Stage The overall site has been designed and the preliminary plat has been approved by the City or Fdendswood and City Council. The civil plans are currently under review by the City of Friendswood. The project has received Drainage Approval from Itanis County Fiend Central District. A final plat has been completed and is currently under review by the City of Friendswood. The city has sufficient sewer and water capacity for the entire project. Contracts have been entered all all reserves on -site. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT TB PRELIMINARY SERVICE AND ASSESSMENT PLAN Friendswood City Center September 24, 2024 Public Improvement District (PID) Engmeering Report 5.2 Construction Stage • Initial Major Improvements - Begin Construction: Quarter of 2024; End Construction: Quarter 3 of 2025 • Additional Major Improvements - Begin Construction: Quarter 2 of 2025; End Construction: Quarter 2 of 2026 Thank you for your review or this letter. Should you have any questions or wish to discuss this submittal In detail, please contact meat 210.585.3700 or drasmuson@wga lip.com. Sincerely, s Dean W. Rasmuson, PE Senior Engineering Adviser ♦GA 1020 NE Loop 410, Ste. 800 I San Antonio, T% 78209 D: 210-586-3700 0: 210-455-1320 %GA FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BD PRELIMINARY SERVICE AND ASSESSMENT PLAN Friendswood City Center September 24, 2024 Public Improvement District (PIDI Enemecrine Report APPENDIX A Initial Major Improvements CONSULTING ENGINEERS FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 82 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWO GI CENTER, PUBLIC IMPROVEMENT DISTRICT INITIAL L MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST CONSVLTINO ENGINEERS PROJECT NO. 70455-016 904/2024 CONSTRUCTION COST SUMMARY UNIT A. POLLUTION PREVENTION AND MISCELLANEOUS S 102.790 UNIT A NOT INCLUOEO IN CONSTRUCTION CONTINGENCY' UNIT B: SITE PREPARATION S 237,253 UNIT C: CLEARING, GRUBBING, & DEMOLITION $ 3,226,763 UNIT D: EARTHWORK, PAVING & GRADING S 9,734,600 UNIT E•: FM 628 TRAFFIC IMPROVEMENTS S 1,200,000 UNIT F: DEfENTICN 5 8,886,907 UNIT 0: STORM DRAINAGE SYSTEM S 6,144,261 CONSTRUCTION CONTINGENCIES (13%) S 3,695,872 UNIT H: PROFESSIONAL FEES S 1,611,721 TOTAL ESTIMATED CONSTRUCTION COST S 33,840,166 INITIAL MAJOR IMPROVEMENTS Note' Consultant Engineering Design and other Fees are Included In Ine "Additional Major Improvements" Cost Estimate found In Report AppendWIS' Submitted —by, Dean W. Rasmuson, PE Sr Engineering Advisor F-9756 Notes: 1. All values rounded up to the nearest dollar amount 2 This estimate is based on my best judgement as a design professional familiar with the Construction Irdushy. We cannot and do not guarantee that bids vdll net vary from INS Coal esumale. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 83 PRELIMINARY SERVICE AND ASSESSMENT PLAN DOD CITY CENTER. PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECTNO. 70455.016 9/2412024 ITEM ESTIMATED UNIT NO. DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNITA: POLLUTION PREVENTION AND M16CELLANEDIIS 1. Rmloo;el Flerfabric Fen. LF Mwo 5 165 3 24,/50 2 Submit N Of.s e N O T s,Review PPP, and potting of wtedds w lob alit. LS 1 $ 3,6w,0 5 J' w 1. M.411.0 and Repair RFFF MD 12 3 310w.00 3 101Ow 4. PPP Mspeeb4n and Repo N09 NO 12 5 I.Ow 00 S 12.000 5. Sbeel Cleaning HR 2w 5 0w S 19,w0 0. Shbl'¢ed Con innotNn EAI EA 2 S 3,000.00 3 6,000 7. Type Il FMer Dam EA 2 5 2,00.w 3 4.00 0, InklProfee1m,51age One FA 19 5 w,w 3 11670 9 Inkl PloleUbn, Shge T" EA 42 S woo S 2,620 UNIT A SUBTOTAL BID i 102,780 Nors i.AS"lots rounded upto Me dearest hundred, 2.Th&Werra. Is Lasedon my besljddpemenlesadesign Ixolesfional hnrlNrvAh Me cousbuOlon Mda,hy, We cannot antl on no guuantee Mal "YAM no Yaly Arm flue coo estbmtel FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 84 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER - PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455-016 9024/2024 ITFIA ESTIMATED UNIT TIO. DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNIT B: SITE PREPARATION 1. hWhrabon LS /.n0 S202,25289 S 02.25S 2 ca sbuctlon5tAbi, LS Im 1 35,00000 1 35,000 UNIT 0 SUB -TOTAL 610 $237,253 Halm 1, AN Values landed W to she nearest handled.2. This le0hurl, Is based ca lily W_H IuAOerreat as A design profess ua lmntia w.lh the censWtlion Industry. We camot and do nil yuvenlee Ih a1 bids will not very Iran this cost eslim ale. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BS PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO, 70455010 W2NZOZ4 ITEM ESTIIMTED UNIT NO, DESCRIPTION UNIT OUANTITY PRICE AMOUNT UNITCI CLEARING. ORUBBINO 4DEMOLITION 1. Ugnl Gearbp-CNp and MaU'Ikidpdig bet net Emitetl to NmoYd pfkees AC Mel 11 2312W.13 1 520.366 clumps bgs rageWbn, fences, nrbNsh, debris, ttga,lc metre! end W er abkdbnabk mMenN per epetlfiealbN sbppMp, sbMpnnp redadnp lapxg: and maiNNNrq poRlrve araregefr me enbre DIe7 2. AC 7121 S 1505M 3 2.554.704 dumps bps smgetafmn,lepws, ttockplmallerandgIcq ato. stripping,fspladnp lopsa}; WNdbnmis msledalpar spsdFeM g the timsi,sloeNpilnp and malMdMlg poalive d-ahm8s Wr iM entire ale) 3. WForce Main Rmn and IXpasai, Ca%lele In Mme LF 2,716.16 5 25DO 3 W.465 4, 12"WaWine Re l and Disposal, Complete In plats LP 2.030W 5 25,00 1 73.250 UNITCSUB•TOTALIND 5.3,828,768 HA= L A4 Values IGintlsd up tolbe neared nWrm.2 INS estlmale le II3W on mybeN NMemenl ae a design pro(.Voaal (MAlm Vvin Inv wnMrucban Irbuary. Wo Gmnd and tlo IM yaaraNec That Mtls v41 net varyhvm Ihfs eaA edimda FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 86 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECTNO. 70455016 W2412074 Iml ESTIW7ED UNIT NO. OESCRIPTON M41T OWNTITY PIOCE AMOUNT 1. blem6n Pond lEuav41M-Eland COmpadkn avae.tanpmrbpbn CY 165]46M S T40 S 1.985,762 0a. CY 201]2616 S I7M S 5.524Am 2b. PID. DalONbn POM 1 ExI.&OA-PIIMOI.X FaI PYaa CY 126.73364 S 17.02 $ 2J911.476 1 12AI9SP K-FDORaaa.CamptlONPaas CY 11.469 f 1700 S 194R10 BNeNrawk BWtl Phw Ll`4A40P51 Rebfarcad Ltmreb PewmeM. Compblem 4, TWO- 6Y 6. LOrtabaWry-S'1020 PSIftesfolnOCOrRrtlaPrvemeM. CpmpbN Npbw SY llmdken Avo Phase 1-V4.O 6 PSI R W/ofced CW rW O Prvemeol, COMPINe Is t. pan r Tv vsRaa Phan 1-6.4.009 PSI ReWolctd CM009 PaveMALCempblen 7 plan Sy 6. 6'RlFfmn000ndNa Curo. Compklehplan LF 9. BIulhMitBNO Phase l-6'Slabuea 6W9r40e, CompNb Nplaas Sy 10. LenWva WayPh,7sa hb'SIW1¢e0 Sv49ra0bcompMebpNw SY 11. MaaiOn Avo Phase l- 5' tlabitsa SObpmae.CampRb R Pats Sy 12. TWalaaRm PnaHI -t' 5.4m.O5uOg7aae. COepNla h pwe SY la. PMvv 1-IS'3pDI PSI RehlpmeaCm:uly PayemeN lSUrrnq.Cowplele Slpbu Sy 14. phasel•2'BenR SeM Badd0p Q95Y 4PDISM4mdY), COlepbll I,Fmcs Sy T6. Phase l -TI MS501 Nmne&w. COmpRIe N PIOn EA It. Phw 1- V'apft.CEmpble O PIN. LS 17, Phase 1-Whoathn Ramps EA UNIT 0 SUB,TOTA DID 3.612 S 6600 6 M.MO 12476 $ 63" 5 773332 1.643 5 ODA0 S 92,603 1276 $ sow 5 266A69 T.602 f 4" S 12.105 0Al2 5 3d0 f I2MI 12.175 S 360 5 44,190 I A43 5 3.60 5 6,656 4,276 $ 3.66 5 15,395 3,621 3 40.00 f 144A40 3,611 S 2,0 f 7242 10 5 J.o0000 6 JOAoo ;350 5 I55 f 6,193 35 S 6NOW 6 197b00 S B,73A,600 1.11.1 1.b.Vn vealwesryro. We unpd laam d..lWbWrtdI.ML1¶balOssAgNsno tMsed Onmybul A,dtmenl daOtlnl7n pOlaabWIvela1al01ba vary0om WS nb OSMeIa FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 87 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70456410 012412024 ITEM ESTIMATED UNIT NO. DESCRIPTION UNIT GUANT PRICE AMOUNT UNIT E: FM 528 TRAFFIC IMPROVEMENTS I BNekhavk lnlersesbod SlpnWlaallen knprwemonts. Complete In plow LS 1 S 5130=51) S ISw,m 2 Toanes Roadlnlaseraim S'gnakxatia, hnplovemenls. Cdnpklein plain LS 1 S 4m,050.00 5 4000OD 3 Left TM We Swlhbawd M Townes Rd. Coraplae N PUe LS 1 S 15D.D:A.00 5 1(fl,Om 4. Left Tum Lana Swlhbwnd A BlackhaxA elvd. Complete in Plato LS 1 S 150.00D,00 3 160,000 UNITE SUB -TOTAL BID i 1,200.000 N a 1.ANWMesT edopWtWneareslhundled.2.TNs e0male is based on mirbaB luWgWerd as a design protessional ommin xilh the canslmNbn Industry. We cannel and do net guaranlM That Wide Will not vary kam IN•. cost estknale. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 88 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENOSWOOO CIW CMNS -PUBLIC RPSOVEAENTOISIAICT INITIAL MAJOR IMPROVSMENTS ENORIEERS OPINION OF PROBABLE COST PROJECTN(t 7MS416 W M024 ITEM "TIEMTBO UHIT N0. DMCRPnON LINT WANIIW PROF AMOUNT UNTP: )MM110H 1. ptlerM1on Paldl•BedsMp lHNupa IO+1PW24.Otl.1P (per IIOPOD SISWnd1). F.9 6 611A0ow s 01AN cmpae MPMae 2. ON+Nbn PNtll-BedrOep Sv+l+,DmpMle b PMd+ lF 2,95A i bfq i IfiAN 2. Mlapbn Pme l-SIeS@dbn WmrBFlxlart+Iig6PWNxerRa MtOk Ww.lM1 Nldeln llPkl AC 15 S sallow S 52A00 w IIrvliwtWn Up DN 6 V+e+++. Al Sx to Hm 96+G h.-a Haw, 4. SMH PON IN To Rm Top d a" 10 d910N d PNMI. C P*le hP ce U' IA00 S ).QaaW i 4.200000 6. Dewdalkg LS 1 s.'00.00000 5 SOOAN 6 gNMI(eu C..m S" Pr is Mq PPW CO san9Pa). C.00,"Plxe 69 111" 6 loom s H+A00 T, npq+-W+dNwn lb 1118`U9:k prNCFCO 51eM+edp,fwpM1+H RNe By 921 6 650 s M255 1. pMdaeCOleNups<raM6UDFM IPerNico 61>N+Idsl.CwpMe DPba Ls 1 616.000.00 S 75.000 9 4'ftaanrD We+CeN MPbN, COrpbleb M++e LP 2we ! boom S IA0Dp00 10 BRN+9Np WMC+BIn PPt+.(WnpMk11PYN IF 9D0 5 1.00000 S 200d100 11 Pr0•DeleiMr PeW 2Ea+++eGm-PAIDBa1e, COmpNe+l plx+ u 59.92A ! law 6 1]9659 li PID•Oale9xn Poltl 2Be+bbpe 1pacepN lOk ItlWN•OC4A'iPrIkYCDSlyd+d+1 EA 2 614660 So s 29000 CmPI+I+NM+N IJ. MID -"N POW 2SAMIOPeS ,CoONMIMMr+ w I.IN 5 6.60 i Oita 14. MD• D+IN9ln Porq 251+ kgY W-il +rd+rtl I41k-0+11W 11M tlWorM V"W AC 6 S 3.000M S lima Me NN 6 WMU.A9 SM0+I0H+1. 06% 15, PWk Bm+N-DIeAMPB 2E+t"W- FA OINK Cmpde N NO LY 66A24 $ IS.•A $ L22IAM 16. Pd)16 BMNI-N+PkNbn W0r0 Slerped H1No11VIU1W IIMOd WONIOWPNI AC 2 S 3.000.00 B 0900 IMM16 WHW.AI SHd+NMale 95Y UNIT WB-TOTAL IAD ! 8.886.90 Ixtex I.NVNM+fglq<6 Yp 10 N+ MN. M1 .,2.TH16A111N+tl9+IMMIFY B+N AN9fMWMGcl.11 Fr01xSCNI f+D11+1 MN119M+OBSDIMMI a W q1Y. W+e+rl W +rld de ro14Ma1a+IAN dO+wl My" "amw cON 991M Ne FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT By PRELIMINARY SERVICE AND ASSESSMENT PLAN PRIENDSYMOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70466-010 9f2412U24 ITEM ESTIMATED UNIT NO. DESCRIPTION UNIT QUANTITY PRICE NAOUNT UN IT O. STORM DRAI NAGE SYSTEM I. PHso I- IYASTM W6 CUII RCP (AM We), Complete in Race LF 314 S 61.50 5 19.056 2. WY»1-16'ASTM W6 CLAI RCP(M W.). COInphlo In Rew LF 409 $ ".26 6 35,216 3. PMso I-A'"TM O76CLm RCP(MCds). Cunneen, In Raw LF 3,676 $ 116.00 5 4ZLOn 4. PMev1. WASTM WO CLIII RCP(M CO.). CPmplde In Race LF 981 S 10.00 $ 1426W 5. Mil. I- RCP Ud c\A+I, CoppklaN%ace LF L551 $ 200.00 S 2TO.BW 8. Pla»I-4rInSTM C-70 CLNI RCP(M W.). Cimphte in NO. OF 486 S 285_W 5 I"m 7. PM»1-4f' ASTM PIO CLIII RCP(M Cule), Colpletaln Rate U 32$ $ SAW 5 IG1,080 8. PMse l-49'CMP(AIICula). Cumpklein PI. LF 289 $ 928.W IT 73,QW B. Phase I.WJLSTM C78 CLIll RCP(MI Cuts), Cemplelaln Wan LF 481 S &MOO 5 230,690 10 Phase I�MMTM C,78 CLNI RCP RI Cies). Carphh In Ware LF WI S 73000 5 60 AM 11 PIa»1-N'ASTM(CIS CLIII RCP US CA.), CanplaMln plan LF I'M $ MOON $ 1, 193,50(l 12 PMn I. SW ReinMreed Larcale fat C1433(AII Cult), Comphls In Place LF 773 $ 1,25DOG $ 968,RW 13 PMSO I-T,»eh Da .tcnh9 LF 6,W6 $ w0(1 $ 174.2m M. Pbasa l- Type' A' khl[anpleM In Place FA 13 $ 6,WN $ 71,603 15. PMsv 1- Typv'WNd. Camplde In Mee FA >8 S 4,500.00 5 111,0W 16, PMse 1- TWO -C- Muntenia Or vltl WDIVI, Canplde h Piece EA 45 S L0)().W S 216,0W 17. PMse 1- TWO'C' M44de(4r smatla0 al ty.'A'hta ComplNe In Mee EA 7 S 1.500.00 f 62.500 Ie. PIUw I - Type'C MaMele(48--7:), Caiprl% In Wan EA 13 ] B,oW.W ] 117,OW 19 Pha»l- TYPO 'C'MaMicild WaM Ling"), CWFIAO M PL» EA IS 5 15,e00.00 $ 226,000 20 PMse 1- OS14A Trench Saki, Syn.. LF 10,086 S I $ o'clas UNIY02US-TOTALRID S 5,144,28/ Ndec: l.Mlvakceraundetl upbNo nwreuhanbatl_ 2-1Ne w0nielo k Mwtl on m, bov}IdOomant as a doyen Wokasknd hraY, WN d1e enYrudbn aNatry. We eanndend do nd 9uuanlva Nel NdrywS ndvpy gam Nk <oY eykak. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 90 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455.016 912A12024 UNIT H: PROFESSIONAL FEES Amount Drainage and Flood Milioalion Geotechnical Investigation to date(Riner Engineering) S 26,291 Project Coordination(Tannos Development) $ 25,:198 Schematic, design, development documents DOG) $ 212,625 Civil Engineering (WGA) S 1,034,800 SWithy Fencing (American Fence) $ 9.983 Land dear to Install security fence(All-Tex)$ 6,OOo Staking for security fence placement (Boundary One) $ 1.850 Overhead (12%) S 158,080 Miscellaneous Costs $ 136.305 DRAINAGE AND FLOOD FEES ITEMS SUBTOTAL 1 S 1611,721 TOTAL UNIT H: PROFESSIONAL FEES 1 $ 1,611.721 Notes: 1, All values rounded up to the nearest hundred. 2. This estimate Is based on my best judgement as a design professional familiar with the construction industry. We cannot and do not guarantee that bids will not vary from this cost estimate. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 91 PRELIMINARY SERVICE AND ASSESSMENT PLAN ��'�! I�. hlllt i {ii t j!u1 Alt : iI i l it !3{ ili h1 g\ � In, F I\ m m G 11 �r II \ " I • I)' I , , - �� I I I 1 L iI i. J1 I ii m fiiRndsw LAY Rnt. kotemW 24, W24 PUWk Im mve nl Ustrkt(PID) EKIi dnR Report APPENDIX B Additional Major Improvements CONSVLTRG EnGIVEENS FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 97 PRELIMINARY SERVICE AND ASSESSMENT PLAN CONSULTING ENGINEERS FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455-016 9124/2024 UNIT I: EARTHWORK, PAVING 8 GRADING S 1,400,250 UNIT J: WATER DISTRIBUTION SYSTEM $ 1,007.OW UNIT K STORM DRAINAGE SYSTEM $ 179,101 UNIT 1. SANITARY SEWER SYSTEM S 862,879 UNIT M SANITARY LIFT STATION $ 1,330,700 UNIT N: MISCELLANEOUS -LANDSCAPING S 0.597,472 UNIT O: MISCELLANEOUS -CIVIL S 3,063,184 UNIT P' FIRE STATION S 1.032,520 'ADDIfM M COST CHARGE TO TIRZ' CONSTRUCTION CONTINGENCIES(13%) S 2,141,508 UNIT 0; PROFESSIONAL FEES S 2.981,848 TOTAL ESTIMATED CONSTRUCTION COSTS Is 21,696,499 ADDITIONAL MAJOR IMPROVEMENTS Submitted by Dean W. Rasrmisan, PE Sr, Engineering AdMol F-9756 of s: 1. All VDIUea rounded up to the nosiest WilaraIMUot 2_ This estimate Is based on my beat judgement as a design pfcfesslonal familiaf With the eonslfuclbn Industry. We cannot and do not guarantee that bids will not very from this cost esllmate, FRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 98 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER -PUBUC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENOINEER50PINION OF PROBABLE COST PROJECT NO. 7015WIS W42024 ITEM ESTIMATED UNIT NO DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNIT k EARTHWORK. PAVING S ORAOINO 1. 6lukha She Phase 11-7'4.000 PSI Reknforced Coaaele P2VEmeal. Sy 17,711 S 10D0 S 1.239.770 Compete n pace 2- Mantuan Avd Phase ll- 6V,000 P51 Raintmad Connie Pavemenl, Sy 3,114 S 55N S 202,442 Carylete In place. 3. Twm as Read Phase 11-6'4,000 PSI Rclnfeced Comsele Pavement. Sy 4,723 S 65.00 $ 308.95E senplelelnphice. 4. Bennett BNtl Phase ll-WSW PSI Relnfomsn Cdnaele Pavemael Sy 11,7211 S 65M 5 762,310 mnpletelnpts. S. d'Rolnfa d Concrete Curb, Complete In pace LF 24203 3 420 3 101.005 6. Wackhavvt BNtl Phase ll -D' Stabilized Subgrade, complain In place $Y 17,711 S 3.60 S 63760 7. Mad11a1 Ave Phase ll-W 50lfned Subgrsde, 1,uplele le pace Sy 3,1114 S 3.$0 S 11212 8. Tones Road Phase It- W StabAzed$ub9ade. canpete In pace. BY 4,723 3 3.00 3 17403 0. Schnell Blvd Phase lL W SM66ted SaVilde. canplafe In blued. Sy 11,726 $ 3.0 S 42220 10. Poe5e11.4.S-3,DD0 PSI RNnihm.d CdnaNe Pavement lSNe"IR). Sy 7,463 $ 4000 S 2B8.S20 Caopkle In pace It, Phase ll-2'Rama Sand Bawling 095%ISPO ISidevx60, Complain In Sy 7A63 $ 2.60 $ 14,936 ple" 12 phase 11- TMIOIStmat Name Sign, Compete an pace EA 27 $ 3.00000 $ BIA08 13. Phase 11- Sloping. Cemplele in Place IS 3.350 S 1.65 $ 5393 14. Phase ll- Vlheekhu Ramps EA 40 S 6.500.00 $ 253.000 UNIT I SUB -TOTAL DID $ 3.400,250 Notes, 1. Al values rounded up haling newest hundred 2 Thin esBmale Is based on my best rydgement Ran desnad polassional Iasmcal Ntm the mnslme6on industry. We cannot and do not gumnNd that WdsNM notvawlimns this cost estimate. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 99 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 7W1 016 e'2472024 ITFM FST161FTEO UNIT NO. DESCRIPTION UNIT QUANTITY PRICE NJOUNT UNIT J, WATER DISTRIBUTION SYSTEM I 170900 FVCCL 160V7der LMe. AD Cepins.Complele M Place LF 4,001 0 80.00 1 388.080 2, 1D'C900 PVC CL150Vyelet UI Deplhs,Complete In Fla. LF 102 S 55.00 S 0510 3, E'CMPVCCL 160VIMIa Um, NIDidit. Canpldeln Pace LF 1,74E 5 50.00 S 87.400 4 I.FCBOGPVCGL 150YN6tw Lew. NI Ocpft CanplCe In Plaw LF 87 1 woo S 21610 5 173ealtandaale,Compleeln Flace LF 65 5 175 GO $ B.S25 0 17 Wauand Doro, Complete In Place LF 200 5 1.25000 $ 2SQ000 7 I Wel Connection. Complete III PMce FA 3 S 2.400.00 S 1.200 S. IN Nut, Md Clamp. Complete M Place EA I S 20.00 S 20D 9. 1.5• AWIn. CmmpNte M Pine EA I 5 6,9m90 1 6.000 10. 1.5'00uble Ctwdl SacblOw NnenW, Complete In Pine EA 1 5 2600N0 $ 2.600 11. Fife Hydrant Md. VANE, Met Tee. Complete In Place EA 14 S 7.600BO S 105000 12. 12'Gate Vote B Box. Complete In Place EA Is 1 3700.00 S WWO 13. IP Gala Valve 8 But. Complete In Place EA 0 S 3,00000 $ IBA00 10. 10' Rog and Chirp, Complda In Place EA 2 $ 1,200.00 $ 2.400 16. 8"Gale Valve 6 Box, ComPMN M Place EA 10 S 410020 S 33.E00 10 8" PNg and Clamp, Complete M Pine Fib 6 1 1.00300 5 8000 17, 1.5'Gsla VNveSapd, Conplelaln Place En 1 S V200 S 572 18. OSHA Tmab Saki, Salem LF 7,020 S 1150 $ In,US UNIT J SUB -TOTAL BID 1 1,007,036 Ades:I.All Wun lambedop to It. neeed taninad.2, Thla contain. Is based mnmy beslPil mnla4a design pmfeWonel fanullrt . hIto: xn9lucllon Mduslfy. VVe cannot and do not WereMee that Nds VAII ml Vary from this mY estimate FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 300 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDS'NOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70465.016 BI24y2024 ITEM ESTIMATED UNIT NO. OF.SCRIPTION UNIT QUANTITY PRICE AMOUW UNIT K' STORM DRAINAGE SYSTEM 1 Phase ll- 2VASTM WOCLIII RCP IAII Utsl. Compltleln Place LF 700 S N6.a0 S 01.635 2, Phau 11- 4r CMP(AII WO, Candela In PIAcs if 125 S 320.00 S 40000 3. Ph..11-Tench O.I.Mg LF TUB S 35M S 24,815 4, Rom 11- Type'TYB'WeL Camp1eM M Race EA 4 5 4.500.00 S 16,600 5. Phase ll- Type'C'MaNlele 447old WNW), CompINe 11 Place EA 3 5 4,500.00 S I3.6M 0. Phase 11- OSHA Trench Safety Syslenl LF 634 S im S 1A51 UNIT K SUB -TOTAL BID rT 179011 HM., J. NI vtlun rwndetl up to the h."t hendled. 2 ThiM Wimde Is LaMed en My 6tlt Pdgement Ms M deilgn prefesslunN fam4lar Nilh iM1e conaiie[daa Tduslry Wa eannal end do nolguaMMee Ihal MMSM1iiI ntl very Ram Nis cast esiMYe FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 101 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER - PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECTNO. 70455.016 W2412024 REM ESTIMATED UNIT N0. DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNIT L, SANITARY SEWER SYSTEM I. IYSDR26PVCSexer(e'-iZdeNh) CdnpldelnPlace LF 1.122 S 55.00 S 00,370 2 WSDR26PVC Sexer(17- IS'deplh),Compble in Race LF SKI S 10000 $ 68,300 3. B-SON WPVC Sexy IS- 12'da Ah), CwpWe In Place IF L256 S 5D00 S 02.60) 1 WWR 23 PVC Sexec(IZ- I& depth). Conphele. Pace LF 003 S 65.00 S W.I26 5 k.wA Concrde lAaMde, Complete in Pace EA 22 S 6,00000 $ 132,000 0 E Vdl OepUl rot 51midMd MH S-12'Mplh VF 10 S 275.DD S 2760 7 Erlm Depth far Slandmd M110.et 17 Depth VF 57 1 300,00 1 17.100 6 w SiNuny Senor Plug, Cdnplele In Pace FA 25 5 1,00103 $, 2'= 0 Trench Dexalerhg OF 3,564 $ MOO i 124,740 10. 6Poee Maln.Cmnpitleln Plea LF COS S 45D0 5 42,075 II BFeru Wdn OnaegmN Hcre, C.Plale In plea LF wo S 1.mm S 250,000 12 Ar Relenae VOW On W, Cmptele In Place CA 1 S a,000W S 4,000 13. W Farce Main The INo EtirSng AVi, Cmiplde M Place EA I 1 2.500.Do 1 2503 11. OEM Trench Safety Systml LF 4.E08 S 1,60 S 71010 UNIT L SUBdOTA, BID S e6;e7g ghI.1.ASt,ndbn aMNed Wto thenewel Mlndratl.2.TNa ea lbid Neasedanmyeetllud t cN asadsalgn prdatlnlal lamllp yAIA the consWdbn MtlusVy. We ramd and tlo nd guamNee Itsst Llds M01 ad vary from Mk cost edjmNe FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 102 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER •►UBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 7045"15 012A2D24 ITEM ESTIMATED UNIT NO DESCRIPTION UNIT OUANTRY PRICE MiOIINT UNIT M; SANITARY LIFT STATION I. Ul Slallon. Campwe In Rape Ib 1 51.250OD000 S 1.2E0.00R 2. IT 4,000 P51R Prcfeed Concrete PlneaeN. Campinem place w 170 S 60.00 $ 22206 3. 1Y YM68'Cnaln LwR One wl 2 R eibarbed wve. Complete In Piece EA I S 6,000.00 5 6,0D0 A. 6'Chain Ul4i Fenx w/ZRolba•bed Wlre, Campkteln Piece LF 214 $ lww 5 53,500 UNIT M SUB -TOTAL BID at,aTD, OD Retest 1. All valwsrcw IAl W 10 the newest nUndred.2. This ennl2lo lsbaspd On my W910 9MG14 os a design prorrtacnal fam7lu 1NN Rle MnilNtlgll indusby. VJe aanntl and do not gua2Nee IMI bq9 WA nal varylram RGs cast eslinine FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 103 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENOSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO, 70466016 9124IM24 ITEM ESTIMATPO UNIT NO. DESCRIPTION UNIT QUANTITY PRICE AMOUNT I. BaN House' SF am f 4350E $ 292,750 2 Sit.UON6es ROW' EA IS $ A50 DO 5 17l,600 ] Benches! Atlnsen' EA 45 S 165000 $ 74250 4. LandscePe ROW' EA 1 52.4%DW.00 f 2,460.000 5, PAWM' SF Wwo S low S 634,00E 6 Oeoonposed CxaNle' CF 80.9W 5 588 9 476.107 7, Cancel. Edge Ban OF 32,361 9 8.52 9 275.710 A. Lmedans Benches' I.P 56 f 1,200,00 f 67,20E 9. Landecape' EA 12.00E $ W.00 S S00.000 10, SNaM Lights wl foundation. ComPlele In Pace EA 30 f 20,00000 $ 800.00E 11 SNal lyAling' EA 65 $ 3,450A0 3 n4250 UNIT N SUB -TOTAL 010 S 5 597,47Y ' LANWCAPNO. PARK PNOAMMENIW ESTSIMES ON THIS ENGINEERS OPINION OF PROBAaIE COST WERE PROODED BY DIAMOND OEVELOPNENTOROUP_ Ness: 1. AN wives roanded UP to the neareM hunf4d. 2. This estimate Is based on aly bell judgement as a deelp Professional farndal Wah flit oonslluclbn Inuslry. W4 stand and do not 0uaranlee that blds will not vary Yom Nils test ell nult, FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 104 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENOSVd000 CITY CENTER • PUBLIC IMPROVEMENT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO, 104654116 9124/424 ITEM ESTFAATEO UNIT NO. DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNIT O: MISCELLANEOUS • CIVIL 1, Log Tom lane NeMEadloundal Bey Area Bha, Complete In Place LS I 5 ISO.W0.O0 6 1SO= ]. Bddga Wedbound (2lanes)on Bladha.N: Fran SUHan LS I 31,200,00000 3 I,NIO.000 27N2671e 2S570. CaMPIda in Place 3 Bridge Eastbound 12 lane) on PAadhaM, lcm Stall LS 1 51.M.000.00 S 1,200.WQ 25s7233 to 27s31.3X Compete In place 4. CCISO Reed 6'3,.90 PSI Reinforced cah nda PaV *N. Complete In In. SY 3,P50 5 5500 5 217.250 5, CCISO Road" enforced Conaete CaN. Complete In place LF 2.W9 S 420 S 9.600 0. CCISO Road V Stal ilked Se6gmde. Complete h place SY 4.216 5 Sao 3 15.114 7. CCISD Road 4.6'3,OM PSI Reilfoncad Caai Ptn,..A(lldewalh) BY 20 3 40.00 $ Rjw .Completelnplace e. CCISO Read I i ASTM C-76 CUII Rep Ual Cull), Complete b Place LF 321 $ WIN S 26.680 g. CCISD Read IV ASTM 0-76CUR Rep (All Cute), Compide In Place LF 410 5 100,00 3 41,600 10. CCISO Road W ASTM C-70 Cull Rep(AII COO), Complete In Place LF 222 3 145.00 3 32.190 II. CCISD Rood W ASTM C-76 CUII Rep (All Cuts). Complaint In Place LF 65 1 2W.00 S 17,900 12. CCISO Road Type'C'Maohole(42'andsmdlin) aVTy.'A'lntel, FA 0 3 7.500,00 3 45.000 Compldain Place 1S CCISO Road SVoet Ughts Ni foundation, Comnlatem piece EA S 5 20,000.00 3 100,900 UNIT O SUB -TOTAL, BID S 3,O93,iRC oea:1 All Woes sounded up to the nettled handed. 2 TNe mumalels lased on my had)udgemaN asa dasa3m profacuemil bmi lee YAIh IhaeanilW on Industry. We eannd and do net guarantee that bids VAII net Wry Dan this cod MIO ale. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 105 PRELIMINARY SERVICE AND ASSESSMENT PLAN 1000 CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455410 nzaab7d ITEA1 ESTMgTEO UNIT NO: DESCRIPTION UNIT OUANTRY PRICE MhOUNT UNIT P: FIRE STATION 1. FPe SlaOen UNIT P SUB -TOTAL BID IS 1 S I.GSd520.00 S I.032.520 i 1 0 22,620 olm• y, AN WUes landed UP I4 the hemeg Nuddfed. 2. Th[ esllnwle Is basso an my bes Ndyemend ss a de50n PldPoscaml FamYlm Mh the conpiurJlan Ind.Oq We amnct and de not w.mr. Thal Mda 41 not vrry Dom 04, cost a lmale FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 106 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70465.016 912412024 UNIT Q: PROFESSIONAL FEES Amount Other Engineering & Professional Fees Engineering & Surveying through Change Order No. 6 S 959.050 Geoleehrvcal Engineering $ 4r,151 Surveying by Boundary 1 S 14,354 Diamond Development Group S 1,861,293 Legal - Wolfgramm S 100,000 PID ITEMS SUB -TOTAL BID S 2 961 84P TOTAL UNIT Q: PROFESSIONAL FEES S 2,961,848 Notes: 1. All Values rounded up to the nearest hundred. 2. This estimate is based on my best judgement as a design professional familiar with the construction Industry We cannot and do not guarantee that bids will not vary from this cost estimate FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 107 PRELIMINARY SERVICE AND ASSESSMENT PLAN liBVL.q■ J .r i eucB�uvnce�% � � t � r y aryl • 4 � ;ri Q � EtAENINWNeL� � ,' AyJ 4 � � �4 I r I I p 11 •1 li '' i i ui i s. � I 1 G I �� l,Ill �� �E ( a - - I� ! (Fiii � '�i' � I')i� i L( 7) �� !'�, � �, �� � i `.I � � i i' �� �J , ( � a': i � �� \ 1 g�! II 11 � � �_ � ` �\ ,r . � _ �, BUCNINWNOL� ���� ` �` � _ � � e �. � � ^ a i $ it .l I ,y. >' @ I , III l :��1 I / � gP � _ , 1 �, I _ —_� i � / - � � , ) 1 I � �/ 1 ,,�� / '�t,`''`�`I _ r �� / p ��l � / � f//// 1 / l /i � c �z � a ca C W V � � L,�,� 6 Z 2 W a rU V C � u W c � o� cg W "'i W LL 6 G APPENDIX B — BUYER DISCLOSURES Forms of the buyer disclosures for the following Lot Types are found in this Appendix: o Initial Parcel o Lot Type 1 o Lot Type 2 o Lot Type 3 o Lot Type 4 o Lot Type 5 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 117 PRELIMINARY SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE INITIAL PARCEL 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 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: I) 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 CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS INITIAL PARCEL PRINCIPAL ASSESSMENT: $55,322,000.00 As the purchaser of the real property described above, you are obligated to pay assessments to City of Friendswood, 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 Friendswood City Center 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 City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood 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 City of Friendswood. 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 Harris 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 z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF § 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 Harris 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 § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]4 , 20_ 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment J W U in. J LQ r Z` r z We G J F Z a z Z Q ���PoomMMmmmmomm�mN;,m�..rv�m m d e e o a a a a e a e a a e o a d a a v a a e a a a N NNNNNNNNNNNNNNNNNNNNNNNNNNNNNN 8 �eo��Yo°°�m�8mnmomm�°'ed�mm���S m o ,ohm o; o;^c amgv �; �;o �^�^n.. •mim N NNNNNNNNNNNNNNNNNN NNNNNNNNN-� NRSmoNoem��g^oe���o�r�titi�eo 6�oW�'4 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N m oe..e888... .. 888888 J80008g N NNmmmmMO�P<NNNbb���Mm Sm�S���'� N N N N N N N N N N N.gNNNN�N��m�l:nSm.rve N °. r.^,em�^, 'r'n$y$F'mS . . . . . . . . . . . u, y r"s Nm m"nq' mmdm.$i� n 3�^^.mo n ^'^mo rv^ 1° n a ^vmi m.oi umi m� m NONNNNNN�NNNNNBN NN$NNNNNNNNNNrB . . . . . . . . . . . . . . . . . . . d N NNNNNNNNNNggNNNNNNNNNNNNNNNNNNNN o $ea�rv"gg'm°1 n.+��umia'r$ mn�umemumi,m$�n mm$� �''.�ervrvH3n�N[n��.HrmtitiNti�r.t��m�n�ne� � NNNNNNNNNNNNNNNNNNNNNNNNNNNN o88oSg000a8So80088 M-o8008g �aa�� admen �n ory rv$�� ry ry ry ry ry ry ry n� n ry ry ry n n n ry n n ry n r roi FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 1 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 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set 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 RECORDINU RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 1 PRINCIPAL ASSESSMENT: $41.67 per Square Foot As the purchaser of the real property described above, you are obligated to pay assessments to City of Friendswood, Texas, for the costs of a portion of a public improvement or set -vices project (the "Authorized Improvements") undertaken for the benefit of the property within Friendswood City Center 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 City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood 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 City of Friendswood. 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 Harris County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF § DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas13 ,20 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris 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 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 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 Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER SQUARE FOOT - LOT TYPE 1 Fontnotasi [a] Interest is calculated at a ate of 7.005L [al Interest on the Reimbursement Obligation is calculated at rate of 7.00%which Is less than Mabove the highest average ate ofthe S&P Municipal Mgt Yield Index which was 5A9%for September 2024, as required by the PIU Act. If PIE) Bonds are issued, the Interest rate on the Assessment wit adjust to the Interest rate on the Bonds plus the Additional Interest. Is] Funded to 2.S% I band parat closing.MdMonalInterest will be wlleated as required by the Indenture and determined each SeMce and Assessment Plan Update, fill Excludes theTIM Annual Credit Amount which will be calculated annually In each Annual Sandie Plan Update. The f Lures shown above are estimates onpr and subject to change in Annual Seralce Plan Updates. Changes In Annual Collection Costs, reserve fund requirement; interest earnings, or other available offsets could Increase or decrease the amounts shown. [a] Preliminary Estimate. Collections for Reimbursement ONigalion will begin followdog Additional Major Improvement Assessments Trigger Date. [p Assumes the relase of reserve fund money In final assessment year. Ifsuch reserve fund money Is not avaiable, the final Initial Major Imprvement Assessment and final Additional Major Improvement Assessment will imreau. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 2 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 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a coma 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 CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 2 PRINCIPAL ASSESSMENT: $34.65 per Square Foot "inclusive of common area allocation" As the purchaser of the real properly described above, you are obligated to pay assessments to City of Friendswood, 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 Friendswood City Center 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 City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood 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 City of Friendswood. 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 Harris 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 z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF 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 Harris 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 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 J 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 Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER SQUARE FOOT - LOT TYPE 2 Reatax ea: [aj Interest is calculated at a rate of]Ap%. III nlemstom the Relmbursemeat Obligation is calculated at a rate of 7.0D wbkh is less than2% abovethe hlgM1eslaverage rate of AP Municipal Ulghyield Index which was RAP% for September 2024, as required by the PIDAxt.If PID Bonds are Issued, the interest meanthe Acsersnent"I adjust to the interest rate on the Bonds plus the Additional Interest. [cj funded to 25% of bond par at dmzina. Additional Interest will be collected as stencilled by the Indenture and determined each SeMca and Assessment Plan Update. [d] The ftmesshmwn ahave are estimates only and subject to change in Annual Xrvka Plan Updates. [ranges In Annual [oilectioncosts, reserve fund requirement% interesteamlms, or other available offsets could increase or decrease the amounts shown. [el Prellodom, Fstforme. WllecUons for Reimbursement(bligation will beginfeilovdng Additional Major Improvement Assessments Trigger Date, Uj Assu esthemassof reserve fund money in final assessmentyear. If such resemefund money is notavallable, the fin A Ithial Major Improvement Assessment and final Additional Major Improvement Assessment vaill increase. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 3 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 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set 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 CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 3 PRINCIPAL ASSESSMENT: $15,682.59 per Key As the purchaser of the real property described above, you are obligated to pay assessments to City of Friendswood, 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 Friendswood City Center 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 City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood 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 City of Friendswood. 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 Harris 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 SELLER12 z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF 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 Harris 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 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 raider my hand and seal of office on this Notary Public, State of Texas]4 , 20_ 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER DOOR -LOT TYPE 3 Pootnotea: fat Ind eresl k calM AR M at a rate of ]. W A (b)Interest on the ReMWlsement W6gafon k akulRed at a rate of).0054 wNN Is leas than 3 above the Mgbest average rate of the 56P Municipal HpbYkM Indeawbkb was5,4 % far September 2024, as resulted by the M. M. If P I D Ponds are ft.", the Ware. .'a m she M. ssmenl wi I adjust to she harem it rate on the Ponds plus the Additional Intere sL (aj Funded to 25%of bond It, at WSNg. MdakersI Interest wit be calkcted as resulted by the MdenWre aMdeterminant each Service and Assersment Man Update. Ill Excludes the TIPZ Amual Gedd AmountMldi eiM be calculated amusaP/In cash Mnual Sereke Men UNate. "a figures shown above are infimates unity and subject to chortle in Mnual SerNre Plan Updates. (el Preliminary Estmaln CAkHlonsfar ReinbwumentobigalbnwiIbeen folbxtiy Additional Major enprovement Asusmen STrigger Dale. tq Arsumet Nerelase of resern Annular may In final assesmentyea r. If such resem fundmoney Is mtanikble, thefinal In Mal Majorlmpocement ASSesermuls" final Addhional Map,hur,myemenl Assesment who lrmeau. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 4 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 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: I) 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 CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 4 PRINCIPAL ASSESSMENT: $29.22 per Square Foot As the purchaser of the real property described above, you are obligated to pay assessments to City of Friendswood, 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 Friendswood City Center 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 City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood 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 City of Friendswood. 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 Harris County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]Z z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF § DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]3 , 20_ 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris 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 § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]' , 20_ To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER SQUARE FOOT - LOT TYPE 4 Emhwlea [a] Interest is okulsted at a rate of 2AD% [b] Interest on the PeMbunement Obliallonholeulate l me rate of ].W%whl[h Is less than 2%above the Nghnt avaaynte ofthe5&P MunkheAlRSh Vi M odeawhlth was SAM Ia Seplember2@<, as unp,iad by the PIDfuL If PID hands are Dived, the Interest rate on the Assess ment w H adjust W the Intend care on the bonds plus the Additional her (t] Funded lots%of bond varaldmis, Additional Imerntwih betonetled as rNuked by the Indenture and determined eath5eMtt and Assessment wan update. Id] Were, the TMZAnnualCedh Pmmntwhkhwil beokmand annually In tracts Annual Servlte Wan Update. mefl¢uressboxn above are estimates only and subject to then:, NAnnual Service Man updates. Changes In Annual Wicut"Cogs. reserve fund nuukements, interest eaming, or other available offsets could Increase mdecrease Use amounts thown. [ad hehmNary Estimate. fuTetllma for Ralmbursement Migration will begin fdlo'MpdAdditional Major Improvement Assessments Tugger Date. (1] Assumes the retest ofrese n, fund money N final assessment yeas Ifsmh reserve fund money is not amiddsle, the final Inititl Major Improvement Assessment and final Additional Major Improvement rual"oent wih Naeart. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 5 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 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set 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 CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 5 PRINCIPAL ASSESSMENT: $47.13 per Square Foot As the purchaser of the real property described above, you are obligated to pay assessments to City of Friendswood, 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 Friendswood City Center 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 City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood 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 City of Friendswood. 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 Harris 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 SELLERI2 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 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 ] 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 Harris 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 DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]' , 20_ " To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER SQUARE FOOT - LOT TYPE 5 n 2025 me", Int $ - $ .... it" Cap! L76 $ Carl""- 1.]8) $ $ ..... - $ - $ I'lle"ll Int... $ $ Cttc"(.n Additional Major far merval Insta re Due 2026 $ - $ 2-u $ �2.24) $ 0.04 $ - $ - $ Um $ - $ - $ M03 $ - $ - $ am $ 0.07 2027 $ 0.37 $ 2.24 $ - $ am $ - $ $ 2.65 $ 023 $ 1.06 $ am $ - $ - $ 1.32 $ 3.97 2028 $ 0.40 $ 2.21 $ - $ am $ - $ $ 2.65 $ 024 $ 1.05 $ am $ - $ - $ 2.32 $ 3.97 2029 $ 0.43 $ 2.19 $ - $ Opt $ - $ - $ 2.65 $ 0.25 $ 1.03 $ 0.03 $ - $ - $ 1.32 $ 3.97 2030 $ M46 $ 2.15 $ - $ 0.04 $ - $ - $ 2.65 $ 0.27 $ l.ol $ Col $ - $ - $ 1.31 $ 3.97 2031 $ 0.69 $ 2.12 $ - $ OW 2.66 $ M29 $ 0.99 $ 0.03 $ - $ - $ 1.31 $ 3.97 2032 $ 0.53 $ 2m $ - $ 00s $ - $ $ 2.66 $ 030 $ 0.97 $ 0.03 $ - $ - $ 1.31 $ 3.97 2033 $ 0.5) $ 2.p5 $ - $ am $ - $ - $ 2.66 $ 0.32 $ 0.95 $ Om $ - $ - $ 1.32 $ 3.97 2034 $ Oust $ 2.01 $ - $ am $ - $ - $ 2.67 $ 0.34 $ 0.93 $ ON$ - $ - $ 1.30 $ 3.97 2035 $ 066 $ 1.9) $ - $ 0.05 $ - $ - $ 2.67 $ 0.36 $ 0.91 $ ON$ - $ - $ L30 $ 3.97 2036 $ 0.70 $ 112 $ - $ O.M $ - $ - $ 2.6] $ 0.38 $ 0.88 $ ON$ - $ - $ 1.30 $ 3.97 2037 $ 0.76 $ 1.g] $ - $ U.05 $ - $ - $ 2.67 $ OAO $ 0.65 $ am$ - $ - $ 1.29 $ 3.97 2038 $ 0.81 $ 1.92 $ - $ 0.M $ - $ $ 2.68 $ 043 $ 0.83 $ 001 $ - $ - $ 1.29 $ 3.97 2039 $ 0.87 $ 1.76 $ - $ OnS $ - $ - $ 2.68 $ MS $ 0.80 $ am $ - $ - $ 1.29 $ 3.97 2040 $ 0.94 $ 1.70 $ - $ DO $ - $ - $ 2.69 $ M8 $ OJ) $ ON $ - $ - $ 1.28 $ 3.97 2041 $ 1.01 $ 1.64 $ - $ am $ - $ - $ 2.0 $ O50 $ 0.73 $ ON $ - $ - $ 1.28 $ 3.97 2042 $ LOT $ 1.56 $ - $ am $ - $ - $ 2.70 $ 0.53 $ WIT $ ON $ - $ - $ 1.27 $ 3.97 2043 $ 1.16 $ 1.49 $ - $ ODS $ - $ - $ 2.70 $ 0.56 $ 0.66 $ 0.01 $ - $ - $ 1R7 $ 3.97 204 $ 1.25 $ 1.41 $ - $ am $ - $ - $ 2.71 $ O60 $ 0.62 $ ON $ - $ - $ 1.26 $ 3.97 2045 $ 1.36 $ 1.12 $ - $ 0.06 $ - $ - $ 2.71 $ 0.63 $ 0.58 $ am $ - $ - $ 1.26 $ 3.9] 2046 $ 1.44 $ 1.n $ - $ am $ - $ - $ 2.72 $ 0.67 $ 0.53 $ 0.05 $ - $ - $ 1.25 $ 3.97 2017 $ 1." $ 1.13 $ - $ 0.06 $ - $ - $ 2.73 $ 0.71 $ 0.49 $ 0.05 $ - $ - $ L24 $ 3.97 2048 $ 1.0 $ 1.02 $ - $ 0.06 $ - $ - $ 2.74 $ 0.75 $ 0.46 $ 005 $ - $ - $ 1.23 $ 3.97 2049 $ 1.78 $ 0.90 $ - $ 0.06 $ - $ - $ 2.74 $ 0.79 $ 0.38 $ 0.05 $ - $ - $ 1.22 $ 3.97 2050 $ 1.91 $ 0.78 $ - $ am$ - $ - $ 2.75 $ ON $ 0.33 $ 0.05 $ - $ - $ 1.22 $ 3.97 2051 $ 2.C6 $ 0." $ - $ am $ - $ - $ 2.76 $ 0.89 $ 0.2] $ OW $ 1.21 $ 3.97 202 $ 2.21 $ 0.10 $ - $ 0.07 $ - $ - $ 277 $ 0.94 $ (121 $ am $ - $ - $ 1.20 $ 3.97 2053 $ 2.37 $ 0.3148 O $$ 2.8 $ a" Old 00$ $ 1.19 $ 3..97 5 0$ $ Om $ .]3) 00]$ [2 $ W$ 0.05 IT") $ 10.12) $ (00)20 T 1.52 .]3)$ 294 $ 108 3826 $ ]0).L3$29$62 [b) Initialing the BeMbunement Obig tbn 1, 1. latest at a tale of].WXwhkh is Iass than 2% above Ne hIgheslaverage .In aflhe 5&P hoold,I WghYek Irdeawhkhwe55A9%fnieptembec2024, as tequlred I, he NO P[L If No Bonds are hired,Ne Interest rate on the Awroarenl MI adjust to the lnlerest,am on the Bonds plua the Additional Interior I[j sorted e12.5%of bond paralilmhu,Additional Interest will be coil select as required by the indenture M and determined each Se[e and Assessment Pon Update. Idj &Mdes the TIM Annual CreditAmounl wM[h and be calculated an mall, In each Annual Servke Plan Update. The figures shown above are estimates only and subject to change In Annual SeNce Plan Updates.Changes In Annual Collection Cosh, reserve fund requ0ements, interest earrings, or other avallable offsets court increase or decrease 6.amounts shown. [e] preliminary Estimate. Collections for helmbursement Obligation will begin folsorksgAddownial Major Improvement Assessments Trigger Data [ij Assumes one man, of reserve fund money Ia final assessment yac If such reserve fund money Is not avallable, the final Initial Major Improvement Assessment and final Additional Major Improvement Assessment rN increase.