HomeMy WebLinkAboutOrdinance No. 2024-37ORDINANCENO. 2024-37
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
FRIENDSWOOD, TEXAS APPROVING A SERVICE AND ASSESSMENT
PLAN AND ASSESSMENT ROLL FOR THE FRIENDSWOOD CITY
CENTER PUBLIC IMPROVEMENT DISTRICT (THE "DISTRICT");
MAKING A FINDING OF SPECIAL BENEFIT TO CERTAIN PROPERTY IN
THE DISTRICT; LEVYING ASSESSMENTS AGAINST CERTAIN
PROPERTY WITHIN THE DISTRICT AND ESTABLISHING A LIEN ON
SUCH PROPERTY; PROVIDING FOR PAYMENT OF THE ASSESSMENT
IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT
CODE, AS AMENDED; PROVIDING FOR THE METHOD OF ASSESSMENT
AND THE PAYMENT OF THE ASSESSMENTS; PROVIDING PENALTIES
AND INTEREST ON DELINQUENT ASSESSMENTS; PROVIDING FOR
SEVERABILITY AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Friendswood, Texas (the "City") received a petition meeting the
requirements of Section 372,005 of the Public Improvement District Assessment Act (the "Act")
requesting the creation of a public improvement district over a portion of the area within the
corporate limits of the City to be known as the Friendswood City Center Public Improvement
District (the "District"); and
WHEREAS, after publication and mailing of notice of a public hearing on the creation of
the District and after the conduct of a public hearing, the City Council approved the creation of
the District on January 8, 2024; 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
District (the "Service and Assessment Plan") and an assessment roll for the Initial Major
Improvements of the District (the "Initial Major Improvement Assessment Roll") that states the
assessment against each assessable property (the "Assessed Property") within the District for the
Initial Major Improvements (the "Initial Major Improvement Assessments"); and
WHEREAS, the City called a public hearing regarding the proposed levy of Initial Major
Improvement Assessments pursuant to the Service and Assessment Plan and the proposed Initial
Major Improvement Assessment Roll on property within the District, pursuant to Section
372.016 of the Act; and
WHEREAS, the City, pursuant to Section 372.016(b) of the Act, published notice in a
newspaper of general circulation within the City to consider the proposed Service and
Assessment Plan for the District and the levy of the Initial Major Improvement Assessments, as
defined in the Service and Assessment Plan, on property in the District; and
WHEREAS, the City Council, .pursuant to Section 372.016(c) of the Act caused the
mailing of notice of the public hearing to consider the proposed Service and Assessment Plan
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and the Initial Major Improvement Assessment Roll attached to the Service and Assessment Plan
and the levy of Initial Major Improvement Assessments on property in the District to the last
known address of the owners of the property liable for the Assessments; and
WHEREAS, the City Council convened the public hearing at 5:30 p.m, on the 4th day of
November, 2024, at which all persons who appeared, or requested to appear, in person or by their
attorney, were given the opportunity to contend for or contest the Service and Assessment Plan,
the Initial Major Improvement Assessment Roll, and the proposed Initial Major hnprovement
Assessments, and to offer testimony pertinent to any issue presented on the amount of the Initial
Major Improvement Assessments, the allocation of the costs of the Initial Major Improvements
Projects, the purposes of the Initial Major Improvement Assessments, the special benefits of the
Initial Major Improvement Assessments, and the penalties and interest on annual installments
and on delinquent annual installments of the Initial Major Improvement Assessments; and
WHEREAS, the City wishes to levy Initial Major Improvement Assessments on the
property within the District for the Initial Major Improvements as set forth in the Service and
Assessment Plan; and
WHEREAS, the City Council finds and determines that the Service and Assessment Plan
and Initial Major Improvement Assessment Roll attached thereto should be approved and that the
Initial Major Improvement Assessments should be levied on property within the District as
provided in this ordinance and the Service and Assessment Plan and Initial Major Improvement
Assessment Roll; and
WHEREAS, the City Council further finds that there were no written objections or
evidence submitted to the City Secretary in opposition to the Service and Assessment Plan, the
allocation of the costs of the Initial Major Improvements, the Initial Major Improvement
Assessment Roll or the levy of Initial Major Improvement Assessments; and
WHEREAS, the City Council closed the hearing, and, after considering all written and
documentary evidence presented at the hearing, including all written comments and statements
filed with the District, determined to proceed with the adoption of this ordinance in conformity
with the requirements of the Act; NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
STATE OF TEXAS:
Section 1. Recitals. The findings and determinations set forth in the preambles
hereto are hereby incorporated by reference for all purposes.
Section 2. Terms. Terms not otherwise defined herein are defined in the Service
and Assessment Plan attached hereto as Exhibit A.
Section 3. Findings. The City Council hereby finds, determines and orders, as
follows:
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a. The apportionment of the costs of the Initial Major Improvements, and the Annual
Collection Costs pursuant to the Service and Assessment Plan is fair and
reasonable, reflects an accurate presentation of the special benefit each Assessed
Property will receive from the Initial Major Improvements identified in the
Service and Assessment Plan, and is hereby approved.
b. The Service and Assessment Plan covers a period of at least five (5) years and
defines the annual indebtedness and projected costs for the Initial Major
hnprovements.
c. The Service and Assessment Plan apportions the costs of the Initial Major
Improvements to be assessed against each Assessed Property in the District and
such apportionment is made on the basis of special benefits accruing to each
Assessed Property because of the Initial Major Improvements,
d. All of the real property in the District which is being assessed in the amounts
shown in the Service and Assessment Plan and Initial Major Improvement
Assessment Roll will be benefited by the Initial Major Improvements proposed to
be provided through the District in the Service and Assessment Plan, and each
parcel of real property in the District will receive special benefits during the term
of the Initial Major Improvement Assessments equal to or greater than the total
amount assessed.
e. The method of apportionment of the costs of the Initial Major Improvements and
Annual Collection Costs set forth in the Service and Assessment Plan results in
imposing equal shares of the costs of the Initial Major Improvements and Annual
Collection Costs on property similarly benefited, and results in a reasonable
classification and formula for the apportionment of the costs.
The Service and Assessment Plan should be approved as the service plan and
assessment plan for the District, as described in Sections 372.013 and 372.014 of
the Act.
g. The Initial Major Improvement Assessment Roll in the form attached to the
Service and Assessment Plan should be approved as an assessment roll of the
District.
Ii. The provisions of the Service and Assessment Plan relating to due and
delinquency dates for the Initial Major Improvement Assessments, interest on
Amoral Installments, interest and penalties on delinquent Initial Major
Improvement Assessments and delinquent Initial Major Improvement Annual
Installments, and procedures in connection with the imposition and collection of
Initial Major Improvement Assessments should be approved and will expedite
collection of the Initial Major Improvement Assessments in a timely manner in
order to provide the improvements needed and required for the District.
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Section 4, Assessment Plan. The Service and Assessment Plan is hereby
accepted and approved pursuant to Sections 372,013 and 372.014 of the Act as a service plan and
an assessment plan for the Initial Major Improvements within the District.
Section 5. Assessment Roll. The Initial Major Improvement Assessment Roll is
hereby accepted and approved pursuant to Section 372.016 of the Act as the assessment roll for
the Initial Major Improvements within the District.
Section 6. Levy and Payment of Initial Major Improvement Assessments for
Costs of Initial Major Improvements
a. The City Council hereby levies the Initial Major Improvement Assessments on
each Assessed Property located within the District, as shown and described in the
Service and Assessment Plan and the Initial Major Improvement Assessment
Roll, in the respective amounts shown on the Initial Major Improvement
Assessment Roll, as special assessments on the properties within the District as
set forth in the Service and Assessment Plan and the Initial Major Improvement
Assessment Roll.
b. The levy of the Initial Major Improvement Assessments shall be effective on the
date of execution of this ordinance levying Assessments and strictly in accordance
with the terms of the Service and Assessment Plan.
C. The collection of the Initial Major Improvement Assessments shall be as
described In the Service and Assessment Plan.
d. Each Initial Major Improvement Assessment may be pre -paid or paid in Initial
Major Improvement Annual Installments pursuant to the terms of the Service and
Assessment Plan.
e. Each Initial Major Improvement Assessment shall bear interest at the rate or rates
specified in the Service and Assessment Plan.
f. Each Initial Major Improvement Annual Installment shall be collected each year
in the manner set forth in the Service and Assessment Plan.
g. The Annual Collection Costs for Initial Major hnprovements Assessed Properties
shall be calculated pursuant to the terms of the Service and Assessment Plan,
Section 7. Method of Assessment. The method of apportioning the costs of the
Initial Major Improvements is as set forth in the Service and Assessment Plan.
Section 8. Penalties and Interest on Delinquent Assessments, Delinquent Initial
Major Improvement Assessments shall be subject to the penalties, interest, procedures and
foreclosure sales set forth in the Service and Assessment Plan. The Assessments shall have lien
priority as specified in the Act and the Service and Assessment Plan.
El
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Section 9. Prepayments of Assessments. As provided in Section 372,018(f) of
the Act and in the Service and Assessment Plan, the owner (the "Owner") of any Assessed
Property may prepay the Initial Major Improvement Assessments levied by this ordinance as set
forth in the Service and Assessment Plan.
Section 10. Lien Priority. As provided in the Act, the City Council and owners of
the Assessed Property intend for the obligations, covenants and burdens on the owners of
Assessed Property, including without limitation such owner's obligations related to payment of
the Initial Major Improvement Assessments and the Initial Major Improvement Annual
Installments, to constitute a covenant running with the land. The Initial Major Improvement
Assessments and the Initial Major Improvement Annual Installments levied hereby shall be
binding upon the Initial Major Improvements Assessed Property, and the owners of Initial Major
Improvements Assessed Properties, and their respective transferees, legal representatives, heirs,
devisees, successors and assigns in the same manner and for the same period as such parties
would be personally liable for the payment of ad valorem taxes under applicable law. Initial
Major Improvement Assessments shall have lien priority as specified in the Act.
Section 11. Administrator and Collector of Assessments.
a. Administrator. The City shall administer the Service and Assessment Plan and
the Initial Major Improvement Assessments levied by this ordinance. The City
has appointed a third -party administrator (the "Administrator") to administer the
Service and Assessment Plan and the Initial Major hnprovement Assessments.
The Administrator shall perform the ditties of the Administrator described in the
Service and Assessment Plan and in this ordinance. The Administrator's fees,
charges and expenses for providing such services shall constitute an Annual
Collection Cost.
b. Collector. The City shall collect the assessments of the Initial Major
Improvement Assessments, The City has entered into an agreement with
Galveston County for the collection of the Initial Major Improvement
Assessments, The City may also contract with any other qualified collection
agent selected by the City or may collect the Assessments on its own behalf. The
costs of such collection contracts shall constitute an Amival Collection Cost.
Section 12. Applicability of Tax Code. To the extent not inconsistent with this
ordinance and the Act or other laws governing public improvement districts, the provisions of
the Texas Tax Code shall be applicable to the imposition and collection of Initial Major
Improvement Assessments by the City.
Section 13. Severability. If any provision, section, subsection, sentence, clause or
phrase of this ordinance, or the application of same to any person or set of circumstances is for
any reason held to be unconstitutional, void or invalid, the validity of the remaining portions of
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this ordinance or the application to other persons or sets of circumstances shall not be affected
thereby, it being the intent of the City Council that no portion hereof, or provision or regulation
contained herein shall become inoperative or fail by reason of any unconstitutionality, voidness
or invalidity of any other portion hereof, and all provisions of this ordinance are declared to be
severable for that purpose.
Section 14. Effective Date. This ordinance shall take effect, and the levy of the
Initial Major Improvement Assessments, and the provisions and terms of the Service and
Assessment Plan shall be and become effective immediately from and after its passage by the
City Council of the City of Friendswood, Texas.
INTRODUCED, READ AND PASSED on first and final reading by the affirmative vote
of the City Council of the City of Friendswood on this the 4'h day of November, 2024.
City
APPROVED AS TO FORM:
KAREN L. HORNER, City Attorney
Before me, the undersigned authority, on this day personally appeared Mike Foreman., Mayor of
the City of Friendswood, Texas, known to me to be such persons who signed the above and
acknowledged to me that such persons executed the above and foregoing Ordinance in my
presence for the purposes stated therein.
Given under my hand and seal of office this
.. LETICIA C. BRYSCH
�Notary ID #13412458-9
' My Commission Expires
January 3, 2027
[NC
6
EXHIBIT A
SERVICE AND ASSESSMENT PLAN
AND INITIAL MAJOR IMPROVEMENT ASSESSMENT ROLL
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Friendswood City Center Public
Improvement District
SERVICE AND ASSESSMENT PLAN
NOVEMBER 4, 2024
I TABLE OF CONTENTS I
Tableof Contents............................................................................................................................ 2
Introduction.................................................................................................................................... 4
SectionI: Definitions....................................................................................................................... 5
SectionII: The District................................................................................................................... 14
Section III: Authorized Improvements..........................................................................................14
SectionIV: Service Plan................................................................................................................. 22
SectionV: Assessment Plan.......................................................................................................... 22
SectionVI: Terms of the Assessments.......................................................................................... 25
SectionVII: Assessment Roll......................................................................................................... 33
Section VIII: Additional Provisions................................................................................................ 33
Exhibits.......................................................................................................................................... 35
Appendices.................................................................................................................................... 36
Exhibit A — District Boundary Map................................................................................................ 37
ExhibitB-1— Project Costs............................................................................................................ 38
Exhibit B-2 — Fire Station — Apportionment of Costs.................................................................... 39
ExhibitC—Service Plan................................................................................................................. 40
ExhibitD— Sources and Uses of Funds.........................................................................................41
Exhibit E — Maximum Assessment and Tax Rate Equivalent........................................................ 42
Exhibit F —TIRZ Maximum Annual Credit Amount....................................................................... 43
Exhibit G-1— Initial Major Improvement Assessment Roll........................................................... 44
Exhibit G-2 —Additional Major Improvement Assessment Roll ................................................... 45
ExhibitG-3 —Annual Installments................................................................................................. 46
Exhibit H — Maps of Initial Major Improvements and Additional Major Improvements .............. 47
Exhibit I — Form of Notice of PID Assessment Termination.......................................................... 65
Exhibit J-1— Debt Service Schedule for Initial Major Improvement Bonds .................................. 68
Exhibit J-2 — Annual Installment Schedule for Additional Major Improvement Reimbursement
Obligation...................................................................................................................................... 69
Exhibit K — District Boundary Description..................................................................................... 70
AppendixA— 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 Z
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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 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
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 Propertywithin 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
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 shall be collected only when the balance in the Delinquency and Prepayment
Reserve Account is below 2.5% of the paramount of the Initial Major Improvement Bonds and is
not charged on the Reimbursement Obligation until such Reimbursement Obligation is financed
through Additional Major Improvement Bonds.
"Additional Interest Rate" means up to 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
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT S
SERVICE AND ASSESSMENT PLAN
set forth in Section VI herein and the PID Act, which Additional Major Improvement Assessments
secure the Reimbursement Obligation.
"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
111.13 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
W. ,
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 6
SERVICE AND ASSESSMENT PLAN
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.
"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
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 7
SERVICE AND ASSESSMENT PLAN
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.
"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 Account" means the funds established pursuant to an
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
I
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT B
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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.
f°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
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 9
SERVICE AND ASSESSMENT PLAN
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.
"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 S" 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 VI.A, or (2) the amount shown on Exhibit E.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 10
SERVICE AND ASSESSMENT PLAN
"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.
"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 $17,746,000 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.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT it
SERVICE AND ASSESSMENT PLAN
"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.
"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
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 13
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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
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■ 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 is
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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 ofthe 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. A portion of the costs of Detention Pond 1 are being funded
bythe City Contribution and approximately 94.73%of the costs of such Improvements
($13,983,801) is apportioned to the District as part of the Initial Major Improvements.
■ 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.
■ 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
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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
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
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
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. 87.57% of the Fire Station is being funded by
other lawfully available revenues of the City.12.43% 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.
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 Account
Equals the amount to be deposited in the Delinquency and Prepayment Reserve Account
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
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 20
SERVICE AND ASSESSMENT PLAN
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
• Initial Administrative Fund Deposit
Equals the amount necessary to fund a portion of the 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 21
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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 22
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 $65,088,757
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 $54,653,000 as shown on the Assessment Rolls
attached hereto as Exhibit G-1 and Exhibit G-2;
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 23
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■ The special benefit ($65,088,757) received by the Initial Parcel from the
Authorized Improvements is equal to or greater than the amount of the
Assessment ($54,653,000) 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 when the Delinquency and Prepayment Reserve Account is below
2.5% of outstanding bond par. 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
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 24
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from the Assessed Property for Tax Year 2025 shall be applied as the TIRZ Annual Credit
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:
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 25
SERVICE AND ASSESSMENT PLAN
A = the Assessment for the newly divided Assessed Property
B = the Assessment for the Assessed Property prior to division
C = the Estimated Buildout Value of the newly divided Assessed Property
D = the sum of the Estimated Buildout Value for all the newly divided Assessed
Properties
The calculation of the Assessment of an Assessed Property shall be performed by the
Administrator and shall be based on the Estimated Buildout Value of that Assessed
Property, as provided by the 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
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 26
SERVICE AND ASSESSMENT PLAN
Prior to the recording of a subdivision plat, the Owner shall provide the City an Estimated
Buildout Value as of the date of the recorded subdivision plat for each Lot created by the
recorded subdivision plat 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 27
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 ibi: 800 $ 8,000.00 $ 10.00
Footnotes:
(aJ 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 28
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 (i) 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 29
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
FRI ENDSW OOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 30
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 (except that Additional Interest will be first due
on February 1, 2026). See Exhibits G-1, G-2, and G-3. 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 31
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 32
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 Vli: 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 I
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 33
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 by the PID Act, this Service and Assessment
Plan may be amended without notice to owners of the Assessed Property: (1) to correct mistakes
and clerical errors; (2) to clarify ambiguities; and (3) to provide procedures to collect
Assessments, Annual Installments, and other charges imposed by this Service and Assessment
Plan.
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this
Service and Assessment Plan; (2) administer the District for and on behalf of and at the direction
of the City Council; and (3) interpret the provisions of this Service and Assessment Plan.
Interpretations of this Service and Assessment Plan by the Administrator shall be in writing and
shall be appealable to the City Council by owners of Assessed Property adversely affected by the
interpretation. Appeals shall be decided by the City Council after 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 34
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-1
Debt Service Schedule for Initial Major Improvement Bonds
Exhibit J-2
Annual Installment Schedule for Additional Major Improvement
Reimbursement Obligation
Exhibit K
District Boundary Description
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 35
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 A Engineer's Report
Appendix B Buyer Disclosures
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 36
SERVICE AND ASSESSMENT PLAN
I EXHIBIT A- DISTRICT BOUNDARY MAP
OVERVIEW NAP'. CITY CEII fER PIG. 106. 4i1 ACRES
,l
%4qo
FIA 5"
I"h qW, 0.1 Rdu
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
37
EXHIBIT B-1- PROJECT COSTS
iDtlrui -
Initial MaJor Improvements
FM 528 Traffic Improvements
$1,200,000
DW% $ -
100.00% $1,2(M1,000
Phase l Ilackhawk Boulevarde Improvements 240,923
0.00% -
100.00% 240,923
Phase l Townes Road Improvements
271,984
0.00% -
10D00% 271,984
Phase l Madison Avenue Improvements
98,159
0.00% -
100.00% 98,159
tarrabee Way Improvements
917,556
0.00% -
IDO.OD% 817,556
Phase l Earthwork, Paving and Grading
649,796
36,51% 237,253
63.49% 412,543
Clearing, Grabbing and Demolilen
3,226,758
72.93% 2,353,150
2].0]% 873,609
Detention Pond
14,761,896
5.27% 718,095
94.73% 13,983,801
Detention Pond z
2,018,4]]
0.00% -
100.00% 2,018,4]]
Phesel6torm Drainage
5,144,261
0.00% -
100.00% 5,344,261
Contingengl•I
3,695,875
0.00% -
100,00% 3,695,875
Soft Coats"
1,714,512
95.16% 1,631,502
4.84% 83,010
$ 33,840,197
$ 510001000
$ 28,840,190
Additional Major Improvements
$3,703,S30
0.00% $
-
100.00%
$3,703,530
Phase 281ackhawk Blvd. Improvements
Phase 2 Townes Rd. Improvements
323,993
0.00%
-
300.00%
323,993
Phase 2 Madison Ave. Improvements
213,654
0.00%
-
500.00%
213,654
Bennett Blvd. Improvements
804,530
0.00%
-
100.00%
804,530
Phase 2 Earthwork, Paving & Grading
1,417,727
0.004
-
100.0D%
1,417,727
1,007,036
0.00%
-
100.00%
1,007,036
Water
862,879
MOOR
-
100.0D%
862,879
Wastewater
1,330,700
0.00%
-
100.00%
1,330,70O
Sanitary Sewer Hit Station
Phase 2 Storm Drainage
179,101
0.0096
-
100.00%
179,101
Landscaping, Parks and Amenities
5,597,472
0.00%
-
IW.OD%
5,597,472
Fire Statlonlb
8,300000
8].5]%
7,268,310
12A3%
1,031,690
Contln,A,u
2,141,400
0.00%
-
10D.0D%
2,141,400
Soft Casts",
2,991,948
0.0016
100.0054
2,981,848
$
28,863,870
$
1,268,330
$ 21,595,560
Initial MaJor Improvement Bond Issuance Costs
$ 639,210
Delinquency and Prepayment Reserve Fund
$
639,210
$
-
Debt Service Reserve Fund
3,051,490
-
3,051,490
Capitalized Interest
4,650,282
-
4,650,282
Underwriter Discount
1,107,210
-
1,107,210
Cost of Issuance
1,531,991
1,531,991
$
10,980,183
$
-
$ 10,980,183
Additional Mefor Improvement Bond Issuance Costs A9
Delinquency and Prepayment Reserve Fund
$
443,650
$
-
$ 443,650
Debt Service Reserve Fund
1,470,400
-
1,470,40D
Underwriter Discount
532,300
-
532,380
862922
Cost of Issuance
861,922
$
-
-
$ 3,309,352
$
3,309,352
Other Costs
$
-
$ 363,465
Deposit to Administrative Fund
$
363,465
$
363,465
$
-
$ 363,465
Total
$
77,357,067
$
12,268,310
$ 65,088,757
Footnotes:
la] Costs were determined by the Englneer's Report attached hereto as Appendix A.
Ib] Funding for the Non-Dlstdct Costs are being provided by other lawfully available revenue of the CIry and will not reimbursed by the PID Bonds, Initial
Major Improvement Assessments or Additional Major Improvement Assessments.
Ic] Calculated at 13%of hard construction costs for the Initial Major Improvements as approved by the City.
IdI Includes District Formation Expenses, professional services fees related to drainage and Rood mitigation, Land Planning, Design, Engineering, Geotechnical
Engineering, and Surveying for the Initial Major Improvements.
[e] Apportionment of Costs for the Fire Station Is based on the estimated Assessed Valuation for the District as a percentage of the Ciry's 2023 Assessed
Valuation.
If] Calculated at 13%of hard construction costs for the Additional Major Improvements as approved by the City.
Ig] Includes professional services fees related to Engineering, Geotechnical Engineering, Surveying, Land Planning and Design of the Additional Major
Improvements.
Ih] Prellminary estimates. Actual costs will be determined at the time of bend Issuance for the Additional Major Improvements.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 46
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 39
SERVICE AND ASSESSMENT PLAN
-_ EXHIBIT C - SERVICE PLAN
Principal
Interesti-I
Capitalized Interest
Additional lntereetlal
Annual Collecion Costlu
Total Annual Installment Due
$ - $ - $ 468,000 $ 499,000 $ 533,000
2,066,792 2,583,490 2,583,490 2,550,730 2,515,800
(2,066,792) (2,583,490)
$ . $ 3,051,490 $ 3,049,730 $ 3,048,8W
(2) $ . $ 45,900 $ 46,818 $ 47,754 $ 48,709
(3)
(4) -111 + (2) + (3)
Additional Major Improvements Refmbursement Obiigmsen
Principal
Imerest1e
(4)
Additional Interest[i]
Annual Collection Costs
Total Annual installment Due
$ $ - $ - S - $
$ $ 45,900 $ 3,099,308 $ 3,097,494 $ 3,097,509
$ - $ . $ 226,000 $ 244,000 $ 260,000
879,906 1,24;220 1,226,400 1,209,320
$ - $ 879,%6 $ 1,468,220 $ 1,470,4W $ 1,469,320
(5) $ - $ - S . $ - $
(6) $ - $ 35,700 $ 36,414 $ 37,142 $ 37,885
(4)=(1)+(2)+13) $ $ 915,606 $ 1,504,634 $ I,07,542 $ 1,507,205
Footnotes:
(a) Calculated at the rate on the Series 2024 Bonds plus Additional Interest.
jbj Additional Interest shall be collected on the Initial Major Improvement Bonds when the Delinquency and Prepayment Reserve Account is below
2.5%of outstanding bond par.
Jd The Annual Collection Costs were WtIalb funded at bond closing and while tested the Annual Collection Costs component of the Initial Major
Improvement Assessment will not be collected In the early years but the Gry will resume collection of the Annual Collection Costs once the
Administrative Fund balance lsreduced to $20,000.
Jell Interest on the Reimbursement Obligation is calculated at a rate of 7.00%which Is less than 2%above the highest average rate of the 5&P
Municipal High Yield Index which was 5.50%for October 2024, as required by the PID Act. If PID Bonds are Issued, the Interest rate on the
Assessment will adjust to the Interest ate on the Bonds plus the Additional Interest.
(el Additional Interest will be collected If Additional Major Improvement Bonds are issued.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 40
SERVICE AND ASSESSMENT PLAN
EXHIBIT D - SOURCES AND USES OF FUNDS
Additional Major Improvement Reimbursement Obligation'al - 17,746,000
Non -District Sourcesibi 5,000,000 7,268,310
Owner Contributioni`i 3,241,846 7,193,911
Total Sources of Funds $ 45,148,846 $ 32,208,221
$ 36,907,000
$ 17,746,000
12,268,310
10,435,757
$ 77,357,067
Major Improvements $ 28,840,198 $ 21,595,560 $ 50,435,757
Non-PID Improvements $ 5,000,000 $ 7,268,310 $ 12,268,310
Total Improvements $ 33,840,197 $ 28,863,870 $ 62,704,067
Initial Major Improvement Bond Issuance Costs
Delinquency and Prepayment Reserve Fund
$
639,210
$
-
$
639,210
Debt Service Reserve Fund
3,051,490
-
3,051,490
Capitalized Interest
4,650,282
-
4,650,282
Underwriter Discount
1,107,210
-
1,107,210
Cost of Issuance
1,531,991
-
1,531,991
$
10,980,183
$
-
10,980,183
Additional Major Improvement Bond Issuance Costs IdI
Delinquency and Prepayment Reserve Fund
$
-
$
443,650
$
443,650
Debt Service Reserve Fund
-
1,470,400
1,470,400
Underwriter Discount
-
532,380
532,380
Cost of Issuance
-
862,922
862,922
$
-
3,309,352
3,309,352
Other Costs
Deposit to Administrative Fund
$
328,465
35,000
$
363,465
$
328,465
$
35,000
$
363,465
Total Uses of Funds
$ 45,148,846 $ 32,208,221 $ 77,357,067
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 Initial Major Improvement Assessment or
the Additional Major Improvement Assessment. 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.
r:
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 41
SERVICE AND ASSESSMENT PLAN
EXHIBIT E - MAXIMUM ASSESSMENT AND TAX RATE EQUIVALENT
TRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 4Z
SERVICE AND ASSESSMENT PLAN
EXHIBIT F -TIRZ MAXIMUM ANNUAL CREDIT AMOUNT
Initial Major Improvements Assessment
or ..... n,
I iY.r�,pFlirt ll,�:G::
to, Peo, Urn,,"Wo
xNo3Mo%oapnMwemenb03
lotTypel ]k4W $ 6,83QW] $
Firor T.WAV Ar,c,,nionl Unit Pe,UniUSrfi
$79 $ 44.140,W S 2,124,314 $ 27.02E $
Toil
].331 $ 128,331.16E 5
Unit Nor. I Tierit
IJAJ9) S W. 68.8651 $
Per U.ftls,iFl
0.]5 $
Tool
In Nol-sir
l.IType2
26ap0 $ t,60,UW $
40 S R;R£J14 $ 6,211,399 5 2>.110 $
1.961 $ i21,692.933 $
(LR91 S (464,J49.]86) $
0.21 $
56,913.15
lot Type3
115 $ 2.M0,0.0 $
21L391 $ 25,=000 $ T-3,168 S 10,457.3"T $
BH.301 $ IOI,ONAO $
DRAM) $ (89.9N10) $
9£87 $
11,014J5
tat Type4
194,050 $ 4,330.0.V $
405 S elte 36 S 3,783,020 $ 19.495. $
1,63J $ 31],SR(01 $
DASeI $ (282,916.816) $
0,18 $
34,6N.19
lotT pe 5
]O,QW $16,o0,0]0 $
653 5 40,00e. S 23.5R,R9 $ 3IAIL $
2.610 $ 49J9,695A52 $
D.351) $ 11,763,609.9 $
0.29 5
716,MSA9
Total
$ 3],R0,0.b
S ]66A31,W9 $ 36,07,0tl
$ 3,098)R.00
$ NA0.R5.53)
$
338,1RA]
Add111onal Major Improvements Assessment
111 .:r.,]irM1r Ilyd.tsu-nr=-
.tddulmal Wfor MNwemenfaw
lotTypel ]k408 $ 6,Ro,DL $
5]e $ N,140,W2 $ 1,021.434 $ 13.3M $
1.1356 $ 86,22E $
$ - $
1.11 $
116,)71.R
L: Type2
768.M0 5 9.80.00E $
40 $ 129,175,714 $ 2."s071 $ 1LRW $
0.943 $ 253A10 $
- $ - $
0.94 $
253,R9.89
lalType3
115 $ 2,00,CW S
217,391 $ 2%001 $ SD,520 $ 5,030.61W $
417.355S S 49.146 $
- $ $
427.36 $
49,14£88
lal Type4
194.OSo $ 4.130.= $
405 S 78.05,33, $ 1,818,90 $ 9.37W S
0.7961 S 154.525 $
- $ $
0.0 $
IM.S3S.24
lotPer,
e5
70,0.0 1erpheow $
653 S40.000.000 S 11,338,985 S 1£12W $
]343 $ 90.259 $
$ $
lin S
963.759.30
S 511-1—
$ 766AT1p99 $ 17,746.0111
$ 1 SW.54.28
$
$
1,0J.5. I.
T00[mtet:
Ia)tot Type NcnI onvMlenttpnumearofleyc
Id ThePm Nw INnual CrtG, for IM1elnttYl Mal er, ,pmenisBU hn,hi6nnlie InWal —NohMa)or dMiNor enttAmuallntb8mete
IrhM PR Nw I6nnual Oet�l for 1M1e AddFbnal Malor, Imprmemen6 N 44olateE en 3M 6tldHbml Major ImPrwementf Pmual InttaWnenl.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 43
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-1- INITIAL MAJOR IMPROVEMENT ASSESSMENT ROLL
Eootnatel:
jaj Totals may Act metals the total OwdoMlry Assessment and Annual Installment due to rounding.
Ibj Interest is calculated at the raseof the ImMad Major Improvement Bulls. PsiudpaIon the Initial Major Assessment Bonds is paid by Capitalized Interest for the installment due 1/3112025. Interest fereaxh year of
the IBe of the Initial Major Improyement Assessment is depicted In EahNRG-3.
Is] Addebnal Interest included but no collection Is due forthe 1131/20251mialI.mAdale; however Additfonal Interest flag be collected beginning with the Annual Installment due 1/31/26 all shall be collected
when the Delinquency, and Prep amant Reserve fund Is below 2.5%of she or amount oft he Initial Major Improvement Bonds.
jdj Annual Collection Costs will be assessed each year based an actual costs to administer the District.
lejThe Indal Majm Imprm ementAlmm ent Hall depked here shows the Initial Major ImprovementAssesiment due 1/31/2025.The levy of the usual Major Improvement Assessment Is fora period of 30 years
be®milg In 2025 through 2054 in Miasmal principal amount of $37,500,000A0 plus Interest on Me Initial Major Improvement Bondy Addillonal Interest and Annual Collection Costs. Exhibit6-3Identdles the levy
of the INtial Major lmprevement Assesimenss over this perfect with Into resran the Initial Maim Improvement Balls, AntralCollection Costs and Additional Interest Exhibit G-31nitial Major Improvement Annual
Installments is hereby incorporated Into this Exhibit 6-1.
IQ There is no Mnual Installment due 1131/2075. Principal due each year for the Ida of the Initial Major ImprommenlAssessment Is depicted In EAWR G-3.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 40
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-2-ADDITIONAL MAJOR IMPROVEMENT ASSESSMENT ROLL
Footnotes:
IaI Totals may net mach the total outstanding Assessment and Annual Installment due to rounding
Ibj The Addi lonal Major Improvement Assenmemy Tdgger Date defined In the Service and Assessment Man determines the Annual Installment Due Date for the Additional Major Improvement Assessments.
RI Interest Wit carve on the Additional Major Improvement Assessment at a rate of 7.0" prior to the Issuance of Additional Major Improvement Bonds. Upon on the Issuance of Additional Major Improvement
Bond; the Interest n Costsll adlbe ao tM1e rati on yeah asedon act ua Aosts to administer te.
Id) Annual CdkgiMCostswitbeassessedeuhyearbasedonaquae shosysteAddial MajoDistr
Improvement
of The Additional Major Improvement 2O Assessment gag principal here amount of
Major Improvement Assessment due Improvement B nds,evy AAdi Additional Major Improvement mein Assessment is fora period
of 30Years beginning In 3oE5 through 30Sb In iM1e men Assessments
amount t this parent With (plus Intension the Additional
Mnal Majorpr Improvement Bonds, Collision
Interest am, Annual Collegian Costs. Fxhebltdd
Identifi<sthe eery of IFeytlditloml Malor Improvement Assessmenk over this period wltM1 Interest on the Adtllllonal MalwlmDlovement Bonds, Annual fdleglon Costs and Addhbnal Interest Exhibit Gd Additional
Major Improvement Annual Installments is hereby Incorporated Into this Exhibit GQ.
III There is no Annual installment due 1/3212075. Collection of the Addtional Major Improvement Assessment shall begin with the collection of Annual Collection Casts and Interest due 1/31/2026, Principal due each
treat for the Me of the Additional Major Improvement Assessment Is depicted In Exhibit Gd.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 65
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-3-ANNUAL INSTALLMENTS
Peo4wa.e
Ialbli.Na paaNNMNa,Na N,WA
Ipl ipe MwLto#Nan Catl fe,eFiW/IwJeltttrnJ[bfFpaMwIW INkiSMMnuYCetlMYn loN[wmpcnwa NlM1e W W Ab�.,ImgmmeM.Wnsmenwi rM m<aeea.e Nlpe<Nhpw,[ W V,e(.iYnrl,nvrc
5al4aabn W ShMmwl COLNIM Cmnone UeMnFeVNNef W bNa'[e4,eM[Mao$]0(N.
I[Ilhe CeFpentY an0 Ptey,rt.N.l Pe. menweunwm pNr'NfwtN ai [41K�aF+N biNFa NaS [e[oM1HrnIMINhI MW ImpgemNe MnhwfenaMON'NuenryaMP,ePrymeMflnmeM[anlbhlon
15%NUepvartowl cl Ne IntINMa;ae Mpoamma F�nh.
neSL,nmelwL,ey,eme,lt FlnnSewN,p.aoalawiatle NlSM [wtl i,[,n,ewMNeme Ueamowltflmmry
TFriae.s
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 46
SERVICE AND ASSESSMENT PLAN
EXHIBIT H -MAPS OF INITIAL MAJOR IMPROVEMENTS AND ADDITIONAL MAJOR IMPROVEMENTS
J
B -
is
i" MrA
W'r 7
i Al
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT O]
SERVICE AND ASSESSMENT PLAN
Ex"
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 48
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 49
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT SO
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PRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 51
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 52
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 53
SERVICE AND ASSESSMENT PLAN
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SERVICE AND ASSESSMENT PLAN
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ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 55
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 56
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 57
SERVICE AND ASSESSMENT PLAN
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SERVICE AND ASSESSMENT PLAN
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FRIENDS WOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 59
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 60
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 61
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 62
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 63
SERVICE AND ASSESSMENT PLAN
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 64
SERVICE AND ASSESSMENT PLAN
I 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 documents 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
foitivard copies of the filed documents to my attention:
City of Friendswood
Attn: [City Secretary]
910 S. Friendswood Drive
Friendswood, TX 77546
Please contact me 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 65
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 66
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
COUNTY OF HARRIS
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 67
SERVICE AND ASSESSMENT PLAN
EXHIBIT J-1- DEBT SERVICE SCHEDULE FOR INITIAL MAJOR IMPROVEMENT
LBONDS
-- —
— _
Esfiwnfed
fetal
Lery
Net
PW
rroiea
Ivteretf
Debt
Capitalized
Debt
Addili.val
Adwinitt.d.
Annual
\Istudb-
Principal
Rate
Weruf
8enice
]nbretf
Seniae
luteretl
Fee O1
Revufrewevlt
9112025
3 2,m,792.0
$ 2,066,792.W
S(2.066,792.00)
S -
S -
5 -
S -
45:90.00
91.2026
2.5834000
2,533,40.0
(2,393,40.0)
-
43.900.00
-
9:112027
S 468,000.00
7.00-5
2,583,490.0
3,051,490.0
-
3,051,40.0
46,818.00
-
3,098,308.0
911,2028
499,000.00
7.00'u
2,m,730.00
3,W9,730.W
-
3,049,730.0
47,754.36
-
3,097,48436
9!V1029
533,000.00
7.W%
2,515,80.0
3,W8,80.0
-
3,W8,800.00
48,709.45'
-
5,097,509.45
3,098,173.6J
9;112030
570,000.00
70W,i
2,478,490.W
3,W8,40.0
_ -
3,08,490M
3,W7,590M
49,683.64
44,399.55
-
6,077.67
3,098,267.22
91,2031
9!112032
609,00.0
650,000.00
7.00%
7.W%
2,438,590.00
2,395,960.00
3,W7,590.0
3,045,960.0
-
-
3,045,960.0
-
31,690.86
3,097,650.86
911Q033
695,000.00
7.0035
2,350,460.0
3,W5,460.0
-
3,W5<60.00
-
52,724.67
3,098,134,67
91112034
742,000.0
7.0'6
2,301,810.0
3.W3,810.0
-
3,W3,810.0
-
53,779.17
3,097,589.17
9IW035
793,00.0
7.001.
2,249,870.00
3,02,370.00
-
3,02,8700
-
54,85435
3,097,724.75
9!112036
S47,000.00
7.005J
2,194,360.00
3,W1,360M
-
3,W1,360.00
-
55,951.84
3,097,311.84
91112037
906,000.00
L003i
2,135,070.00
3,W1.070.0
-
3,041,070.00
-
57,010.88
3,098,140.88
911,2033
968.000.00
7.M,
2,071,6500
3,039,650.00
-
3,039,650.00
-
58,212.30
3.W7,862.30
9,1,2039
1,034,000.00
7.00%
2,003,890.00
3,037,80.0
-
3,037,890.W
-
39.376.34
3,097,266.54
9!1!2W0
1,106,000.00
7.W%
1,931,510.00
3,037,510.0
-
3,037,510.00
-
60,564.09
3,099,074.09
91,2041
1,182,000D0
7.00'n
1,354,090.00
3,036,05000
3,036,090.00
61,77536
3,097,865.36
91112W2
1,263,000M
].0A
1,771,350.0
3,04,350.0
-
3,034,330M
-
63,010.96
64,271.08
3,097,360.86
3,099,211.08
91112W3
1,331,000.00
7.0%
1,682,94000
3,033,940.0
-
3,033,940.00
3,0}2,370.N
-
-
65,356.50
3,09J,926.50
99!2W4
911,2045
1,NJ,00.0
1,344,MM
7.0%1,588,370.0
7.03:
1,487,290.00
3,032,370.0
3,031,290M
-
-
3,031,290.0
-
66,867.63
3,0 3,157.63
9112W6
1,650,00.0
7.0R
1,379,210.00
3,029,210.0
-
3,029,210.0
-
68,2W.99
3,097,414.99
911IIW7
1,764,000L0
7.0%
1,263,7100
3,027,710.0
-
3,027,710.0
-
69,569.0
3,097,279.09
91112W8
1,336.00.0
7.00'A
1,140,230.0
3,026,230.0
-
3,026,230M
-
70,960.47
3,097,190.47
91112049
2,017,00.0
7.056
1,08,210 0
3,025,210.0
-
3,025,210.0
-
72,379.68
3,097,589.68
9112030
2,157,0000
7.0l6
867,020.0
3,024,020.0
-
3,024,020.0
-
73,327.27
3,097,847.27
91,2051
2,306,00.0
7,0%
716,030.0
3,022,030.0
-
3,022,030.0
-
75,303.92
3,097,333.82
9,1!2052
2,466.00.0
7M%
554,610.0
3,020,610.0
-
3,020,610.0
-
76,809.99
},0J,419.89
9112053
2,637,WOM
7.0051
381,990.0
3,018,990.0
-
3,018,990.0
-
73,346.09
79913.01
3,097,336.09
3,097,313.01
! 9rIQ054
2.820,0000
10M:
197,4W.0
3.01].40.0
-
3.017,40.0
-
Tpbb:
$ 36yU1,000.0
S62,]44,412.00
589,661,412.0
S(J,660,582.00)
566,001,130.0
S283p6i.0
57,497,09848
586,781,693.48
Maximum Aauual Debt Senicet S 3,091,490.00
Meraee Annual Debt SeMeea S 2,98P80.40
v sssnmes 94s arruA esmhdpn:ele Awe Ue MA 145W lee.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 68
SERVICE AND ASSESSMENT PLAN
EXHIBIT 1-2 -ANNUAL INSTALLMENT SCHEDULE FOR ADDITIONAL MAJOR
IMPROVEMENT REIMBURSEMENT OBLIGATION
CIPr. It
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FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
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i EXHIBIT K — DISTRICT BOUNDARY DESCRIPTION
Exhibit 'IN'
District Boundaries
METES AND BOUNDS DGDCRIf TION
100 472 ACRCB (A,D37,nOU UUUARC FEET)
SARAN MCKISBICK LLAUUE, A -Dee
IIARROIBF COUNTY. TEXAS
Baing n Vncl m pxraal rallnlnlp0 100A72 ne.s (4,D3/.BOO aqunro loaD of tend elWalotl
.11
o the same Rossak - 'A' . Abslrhel Ct FAHh CREEKISCOMMUNITY sCHURCH
I RestrictedAO Reserved 'sk and 'C-.
Me,n.BWODD. a M R . be in nlfil of roeaN nl F8m Code No. 78 a.. Ismda County
Map R.eal.e SHA Crook befog Ilse residue of a ..nib d b d rn 1mc1 of land
v. Co to C em Creek DOI.CY-fty, Church su ....,,bad by ,472 recorded plan
.I,,, e.l. rtClark'.11ay d nallun , as No. 201(hearing.. sold 100,472 solo as I.. . land
pia . Co hnnodoul BY on, of 10031oISiout (Caniton Zoos 1tatol 4204. twin'srurv.Y Feel.
NAU113(NA2011)
BEDINNINO et a WO -Inch Iron rod With cup almnpad'001 PARTNERS- found on Iho curvod
southerly rfglht-of-w ey1(R.O.W.) Iine o1 F.M. 528 (120 to., Wide) Cad ,,.,king the northerly
mmon co e of Id Rru,no, od Reservoir A' and -8-. CLEAR CREEK COMMUNITY
Cl IURCH; sold Iron rod also for the nortbwe.l comer of Ihu heroin tlaucrfood trecl;
THENCE, Nodheo.,elY, oa on, m d.u.. of 311.32 fast along sold southerly R O W line
Pad O..—. to the d9hL hiving a red,.. of 1.840,06 foot- a control shot. of OW41'38 , and a
.heM whleh hours North 78.21'49- East. 310.04 foot to a Point al fro a m.C,. Irom Whicb e
duAnn ad To... Do r.,kni nl of Ti,... danon (TXDOT) oiuminam disk found bear. South
02-fie. East, 0.09 feet;
THENCE. North 61-12'37- East. long sold .oulhedY R.O.W. line, at GO.40 feel peasln,
srRos
a
wet -Inch Iron rod found andling the northeast camf .aid lrlcbd R... rvn A'.
continuing in oil (ar a 1.1.1 uld.no. of 1.772.42 feel to e WO-01 Iron rod found at 111e b.se
of a contaob pod .ntl mar4bg Ina norlhwe.t camor al a wtied 28.9270 air. 11-0 .1 fond
P596200, *aid he. rad 1n if,. In MhenN corn .9 tod wo been drlcr bed ead oloOrd"of ""do'aH'C.4F- No.
THENCE, South 00'47'23- East, daporung said soldhady R.O.W, lina' at 1,269. 30 last
passing O WO -Inch 'foil rod found Mandan the westerly cummon coma, of sow 20,0270
n v
pool and 0 Called 10.0000 acre (rout el land wn.y.d to Of.., Crook 1.8 D as
dar o lbod by dood liouldad rawer H_C C.P. NO. P5907.02, coula "OU Ill nil far a total
distancenhwoterlyO find 1.
Iron rod CountyFloodPFl odControl
l.lopuld
theBOW line .1 a IndI drainage,
onen1 (160 real Wide) as dosadbud by used. r.c.rdod antler H.CG.F. No(.).
11440588 and X3040U2; said 11.11 lad for the .Pulhena corns" of the heroin described
Iraot:
EJliba "A." Pap I
Page 348 of 353
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
70
METES AND BOUNDS DESCRIPTION
100.472 ACRES (4,637,900 SO. FT.)
PAGE 2 OF 4
THENCE, South 38"20'29' West, along said northwesterly R.O.W. line, a distance of
877.90 feel to the call meander line of mean higher water for Clear Crack as per aurv.Y
prepared corner he Stephen
Bllcdbad t act S, dated October 9, 2015 and far the most southerly
orer of
THENCE, along said mean higher water Ilne of Clear Creak, the following courses and
distances:
North 21" 17'29" West, a distance of 80.86 feet to an angle point;
North 04`22'12" West. a distance of 216.80 feat to an angle point;
North 32"41'57" Weat, a distance of 184.30 feet to an angle point;
North 51^06'03" West. a distance of 159.93 fast to an angle point;
North 74^03'06' West, a distance of 164.71 feat to an angle point;
South 48^02'49' West, a dlatancs of 44.69 feet to an angle point;
North 73"53'13" West. a distance of 47.50 feet to an angle point;
South 49'24'27' West, a distance of 89.87 feet to an angle point;
North 75"14'40" Weal, a distance of 40.66 feel to an angle point,
South 43^63'00' West, a Waken. of 146.10 feat to an angle point;
South 25"06'22' Wash a distance of 134.50 feat to an angle point;
South 83^33'17' Weal. a distance of 49.30 feat to an angle point;
South 21^22'27" Wost, a distance of 73.69 feet to an angle point:
North 77^09" 16' Weat, a distance of 62.96 feet to an angle point;
South 69'46'42' Wost. a distance of 40.72 feet to an angle point:
Exhibit "A " Page 1
Page 349 of 353
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 71
SERVICE AND ASSESSMENT PLAN
METES ^mf BOUNDS DESCRIPTION
100.472 AORES (4,637,e00 SO. FT.)
PApC 3 OF 4
North 76^49.09" Wast, O distance of 58.65 feat to an One's polnp
North 88-56.38" Wash o dlstanca of 120.31 feat to an angla point:
North 7W01'47" Waal, a distanc® of 221.20 fast to On Ongla polnb
North 67"13.30' Wast, a dlslanca of 112.00 fast to an angle point;
Noe in 60"46.11" Waal, a dlstanca of 250.04 fast to an angls Point;
North 18^00'41" Wasl, a dlstanca of O9.o0 fast to an angles point;
North 08^32.33" Wasq a d'atanoa of 60.42 feat to an angle point;
North 23"27'30" East, a distance of 07.18 fast to an anglo point:
North 39'20`14" Coal. o dlstanca of 42.62 fast to an angle point;
North 59^50'00" East, a distance, of 35.50 feat to an angla point;
South 84^03.09^ East, a distance of 25.53 fast to an angle point;
SOOtn 63"21.49' East, a dlstanca of 25.66 foal to an ang'a point;
North 23^23.69" East, a dlslanca of 84.42 fast to an angle point;
North 27"29'30' East, a dlstanca of 03.48 feat to an angla pointy
North 19"02'38" East, a dlstanca of 103.93 fast to an 00910 point
North 14^38'12" East, a distance of 53.72 fast to an angle Point:
North 13-22'21^ Want, a d'atance of 9.00 fast to an ang'a point;
North 16^04'35" East. a dlstanca of 70.83 fast to an angle point;
North 311'32'46' Waal, is dlstanca of 52.40 foal to an angls Point:
Exhibit "A " Page 1
Page 350 of 353
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 72
SERVICE AND ASSESSMENT PLAN
METES AND BOUNDS DESCRIPTION
106.472 ACRES (4,037,900 SO. FT.)
PAGE 4 OF 4
North 21"40'27' West, a distance of 76.23 feel In an angle point;
North 29'ST57' West, a distance of 10.93 feet to an angle point:
North 35'56'50' West, a distance of 91.39 feet to a southerly corner of Restricted
Reserve'D", CLEAR CREEK COMMUNITY ChIURCH;
THENCE. North 20"0013- East, departing said mean higher high water line of Clear Creek and
.lung the common line of said Restricted R... 1.8'C' and -D', CLEAR CREEK COMMUNITY
CHURCH, a distance of 200.95 (set to a 5/8-inch Iron rod with cap stemped'BOUNDARY ONE-
RPLS 5489" set marking the most southerly corner of sold Restricted Reserve -W and for an
angle Point;
THENCE. North 011'44'06' West, along the common line of said Restdctetl Reserves `B- and
'C', CLEAR CREEK COMMUNITY CHURCH. at 600.49 feet passing the w.slerly oommon
corner of said Restricted Reserves 'A' and 'C", continuing along a common line of said
Restricted Reserves "A" and "B' for a total tlislanca of O6M1A4 feel to a 5/0-Inch Iron rod with cep
slampod 'BOUNDARY ONE-RPLS 5409' set marking a common corner of sold Restricted
Ross,.. "A" and W and for an angle point;
THENCE, South 61"13'21' Weal, continuing along a common line of said Restricted Reserves
'A' and 'B', CLEAR CREEK COMMUNITY CHURCH, a distance of I WOO feat to a 6/8-Inch
Imn rod with cap stamped 'BOUNDARY ONE-RPLS 5489' set marking a common corner Of
said Restricted Reserve. 'A' and'B' and for an angle point;
THENCE, North 16^29'00" West, continuing along a common line of said Restricted Reserves
"A" and W. CLEAR CREEK COMMUNITY CHURCH, a distance Of 211.51 feet to the POINT
OF BEGINNING and containing 106.472 acres (4,637.900 square feet) Of land. This descdplion
is based upon a Land Title Survey Of 106.472 Acres of land prepared by Boundary One, L-C.
Project Number 6767-2200-957G.
Compiled by: Christian Offenburgoq R.P.L.S.
Boundary One, L.L.C.
T.B.P.L.S Firm No. 10084800
160 W. Shadowbend, Stile 304
Friendswood, TX 77546
(281) 648-3131
www.boundarycne.com
October 20, 2022
Exhibit "A:' Page 4
Page 351 of 353
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 73
SERVICE AND ASSESSMENT PLAN
APPENDIX A — ENGINEER'S REPORT
[Remainder of page intentionally left blank.]
ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 74
SERVICE AND ASSESSMENT PLAN
GA
Ward, Getz and Associates, PLLC
1020 NE Loop 410, Suite 800
San Antonio, TX 78209
(210) 585-3700aml
WGAProject# 70455-016 s«�
September 24, 2024 0'y-�•• ; ,,;, j
rri'4`tr�cxsto:�f
r�4iairo::::`a�
r
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 75
SERVICE AND ASSESSMENT PLAN
Fr(endswood City Center Soptember M, 2024
Public Improvement District (PID) Engineering Report
Friendswood City Center
Public improvements District (PID) Engineering Report
Table of Contents
Page
Executive summary
1. Introduction .......................................................................................................................1
2. Development Improvements .............................. I ........................................ I ............. .....................
1
3. Development Improvement Descriptions...............................................................................n......1
4. Development Costs ................................... .............................. .... —,......................................... I......
4, Development and Construction Schedule......... ................................. ............ ................... ...........3.
Exhibit - El Overall P I.D. Boundary
Appendix A -Initial Major Improvements
Enz neees Opinion of Probable Construction Cost
Al - initial Major Improvements -Phase 1 Storm Drain and Detention Improvements
A2-Initlal Major Improvements -Lanabee Way S Phase 1 Roadway Improvements
A3 - Initial Major Improvements- Phase 1 Sidewalk Improvements
A4 - Initial Major Improvements - Phase 1 FM $28 Intersection Improvements
AS - Initial Major Improvements - Sheet Piling Plan and Retaining Wall Improvements
Appendix 8- Additional Major Improvements
Engineer's Opinion f Probable Construction Cost
81-Additional Major Improvements -Phase 2 Storm Drain and Detention Improvements
02 - Additional Major Improvements -Phase 2 Roadway Improvements
83- Additional Major Improvements -Phase 2 Sidewalk Improvements
04-Additional Major Improvements -Phase 2 Intersect Ion Improvements
DS- Additional Major Improvements- Water System
66- Additional Major Improvements- Wastewater System
07 -Additional Major Improvements -Fire Station
08-Add ltional Major Improvements- Park Improvements
D9-Additional Major Improvements -lighting Improvements
CONSULTING ENGINEERS
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 78
SERVICE AND ASSESSMENT PLAN
Frlendswood City Center September 74, 2024
Public Improvement District (PID) Engineering Report
Friendswood City Center
public Improvements District )PID) Engineering Report
1. Introduction
The Frendswond City Center Development proposes that a Public Improvement District (PID) be created to facilitate
the development of 124.6 Acres ofland along E. F.M. 528 at its intersection of Blackhawk Blvd. In the Harris County
portion of Frlendswood, TX, The she is within Harris County, adjacent to Clear Creek which Is the boundary between
Harris and Galveston Counties.
The development will Include multifamily 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 stormwater runoff increases
from the development of 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 with City of Frlendswood Standards and
Specifications and will be owned and operated by the City of Frendswood unless otherwise indicated. Development
improvements are depicted below.
3. Development Improvement Descriptions
3.1 Initial Major Improvements • Detention, Roadway, & Storm Drain
Detention P. 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 Frlendswood standards required to provide
drainage service to Improvements for Frlendswood City Center. Included are two permanent flood control
detention ponds, called Detention Pond 1 and Detention Pond 2 respectively, clearing, excavation, piping for
inbound and outhound drainage lines and outlet structures for both Detention Pond 1 and Detention Pond 2.
Detention Pond 1 Excavation Fill on-slte is calculated to be approximately 268,171 CY, Detention Pond 1 Excavation
Fill Off -Site Is approximately 336,062 CY, and Detention Pond 2 Excavation FlII Off -Site Is opproximately 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 fit 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 IF of 36" RCP, 485 IF of 42" RCP, 555 IF total of 48" pipe material, 461 LF of 60" RCP, 691 IF of 72"
RCP, 1,085 LF of 84" RCP, as well as 773 OF of 6'W Reinforced Concrete Precast Boxes.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 77
SERVICE AND ASSESSMENT PLAN
Friendswood City Center September 24, 2024
Public Improvement District (PID) Engineering Report
Initial Major Roadway ImI80vemenl Items include construction of Phase 1 of an extension of Blackhawk Blvd from
F.M. 528 to Wrrabee 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
I arrabee Wayare calculated to be approximately 18094 5Y of Roadway Improvement. Initial Major Roadway
Improvements Include erosion control measures, earthwork, suhgrade stabillzadoo, concrete pavement with curb,
concrete sidewalk with ADA ramps, signage, and construction testing. Proposed sidewalk Improvements for the
benefit of walkabillty 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 1of the overall sidewalk Improvements for the
project.
Initial Major Slgnalization Improvements at FM 528 & Townes Rd. include upgrading the existing flashing traffic
signal to full operation to current Texas Department of Transportation spedficatloos; 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 spedficalimns with the
new south leg of the intersection as well as adding a southbound left turn lane on Blackhawk Blvd. to balance the
new jwldeningl approach to FM 528 for access management purposes.
Costs related to designing, constructing, Installing, and financing the Initial Major Improvements of Friendswood
City Center are outlined in tire "Initial Major Improvements —Engineers Opinion of Probable Costs" contained in
Appendix "A" of this report. These costs include land planning, engineering design (ransulfont fees), City fees, $ail
testing, survey, conshuction management, legal tees, contingency, Inspection fees, district formation costs, and
other PID costs. These costs will be initially incurred by the Developer. The City of Friendswood, TX will reimburse
the developer per a Tax Reimbursement Investment Zone (TIRZj Agreement prepared sepaialelV
3,2 Additional Major Improvements
Additional Major Water Improvements to include erosion Control measures, eanhwwk, trench excavation and
embedment, trench safety, pipe Installation, valves, Rre hydrant assemblies, service connections, testing and all
necessary appurtenances constructed to the City of Friendswood standards required to provide Improvements to
Friendswood City Center, There will he 12" water lines constructed alang elackhawk Blvd. connecting to the existing
water Infrastructure on F.M. 528 and West Bay Area Blvd. There will be a 12" water line along Townes Rd. Bennett
Blvd. and Wrrabee Way will have an W water line running across connecting the 12" water fins on Townes Rd. and
Blackhawk Blvd.
Additional Major Wastewater Improvements to Include erosion control measures, eanhwork, trench excavation
and embedment, trench safety, pipe Installation, manholes, service connections, and testing among others
constructed to the City of Friendswood standards required to provide wastewater service to improvements to
Friendswood City Center. Construction will consist of an 8" wastewater lines along Wrrabee 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. Tire 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 $1,331,000 and will tie into the manhole on West
Bay Area Blvd. An existing 8" Sanitary Sewer Line and Sanitary Uh Station that currently service Clear Creek
Community Church will be abandoned and, in Its place, the existing wastewater line will he rerouted Into the
Friendswood City Center Sanitary Sewer system near the Blackhawk Blvd and F.M. 528 connection.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
78
Friendswood City Center September 24, 2024
Public Improvement Dlsh ict (PID) Engineering Report
Additional Major Signalization Improvements at West Bay Area Blvd. will Include a left turn lane addition at West
Bay Area Blvd, where it meets with the extension of Blackhawk Blvd for access management purpose5.
Additional Major Storm Improvements are tabulated In the "Additional Major Improvements Cost Estimate" found
in Appendix "D" of this report. These improvements include trench excavation and embedment, trench safety, pipe
installation, manholes and junction boxes, curb Inlets, testing and all necessary appurtenances constructed to the
City of Friendswood standards required to provide drainage service to Improvements for Friendswood 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 S8,000,000 fire station for use by the
City of Friendswood for the benefit of the public. This fire station will be constructed off Phase 2 of the Blackhawk
Blvd. expansion.
Costs related to designing, constructing, installing, and financing the Additional Major Improvements of
Fdendswood City Center are.ou0lned In the "Additional Major Improvements— Engineer's Opinion of Probable
Costs" contained in Appendix "B" of this report. These costs include land planning, engineering design (/mnstdtont
fees), 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
Friendswood, Tx will reimburse the developer per a Tax Reimbursement Investment Zone ITIRZ) Agreement
prepared separately
3.3 Public Benefit
The development will provide several benefits to the public including (but not limited to) the construction of multi-
family residential and commercial properties; installation of a Fire Station, an extension of Blackhawk Blvd. to W.
Bay Area Blvd., an extensive par k and trail system, pedestrian friendly streets, and two detention basins to mitigate
stermwater runoff increases from the development of the site and two adjacent properties.
4. Development Costs
An Engineers' Opinion of Probable Cost (OPC) has been prepared for both the Initial Major improvements and
Additional Major Improvements described above and are induderl as the Initial Major Improvements Engineer's
Opinion of Probable Cost In Appendix A and Additional Major Improvements Englneer'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 warranty, expressed or implied. Actual costs may vary.
S. Development and Construction Schedule
5.1 Design Stage
The overall site has been designed and the preliminary plat bas been approved by the City of Friendswood and City
Council. The civil plans are currently under review by the City of Fdendswood. The project has received Drainage
Approval from Harris County Flood Control 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 on all reserves on -site.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 79
SERVICE AND ASSESSMENT PLAN
Friendswood City Center September 24, 2024
Public Improvement Dislrkt (PID) Engineering Report
5.2 Construction Stage
• Initial Major Improvements - Begin Construction: Quarter 2 of 2024; End Construction: Quarter 3 of 2025
• Additional Major Improvements Begin Construction: Quarter of2025; End Construction: Quarter 2 of2026
Thank you for your review of this letter. Should you have any questions or wish to discuss this submittal In detail, please
contact me at 210.585.3700 or drasmuson@wga lip.aom.
Sincerely,
Dean W. Rasmuson, PE
Senior Enginar:ring Advisor
♦'G
1020 NE Loop 410, Ste, e00 1 San Antonio, U 78209
0:210-586-3700 D:210A55-1320
%Gls
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BD
SERVICE AND ASSESSMENT PLAN
{ly
\ 4f \
Y� KkY� ��,�ta• ����}r4�i� �1�i ��� �f[ �3j^�'i+(r : lyl/��j�� y+ �� I (' j 7 �I
IRY �j�{�� T Y ���,7(n�QT,>he��xdSer r� r�.f'��F¢'�i�,,1„;V� • %•3.6 � � 1 I I
ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 81
SERVICE AND ASSESSMENT PLAN
Frlendswuod CRY Center September 24, 2024
Public Improvement Dlsb ict (PID) Engineering Report
APPENDIX A
Initial Major Improvements
CONSWINO ENOINEBRS
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 82
SERVICE AND ASSESSMENT PLAN
MGA
CONSULTING ENGINEERS
PRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 704E8-01S
912412024
CONSTRUCTION COST SUMMARY
UNIT A. POLLUTION PREVENTION AND MISCELLANEOUS S 10 .790
'UNIT A NOT INCLUOI&D IN CONSTRUCTION CONTINGENCY'
UNIT 8: SITE PREPARATION $ 237,253
UNIT C: CLEARING, GRUBBING, & DEMOLITION S 3,226,763
UNIT DI EARTHWORK, PAVING & GRADING $ 9,734,600
UNIT Et FM 628 TRAFFIC IMPROVEMENTS $ 1,200,000
UNIT F: DETENTION S 8,886,007
UNIT G: STORM DRAINAGE SYSTEM S 5,144,261
CONSTRUCTION CONTINGENCIES(13%) S 3,695,872
UNIT R PROFESSIONAL FEES 1.611,721
TOTAL ESTIMATED CONSTRUCTION COST $ 33,840,166
INITIAL MAJOR IMPROVEMENTS
Note, Consultant Engineering Ueslgn and other Fees are Included In me
"Additional Major Improvements" Cost Estimate found In Report
Appendix'B"
Submitted by,
Dean W, Rasmuson, PE
Sr. Engineering Advisor
F-9756
Notes: 1. All values rounded up to the nearest dollar amaunt. 2 This estimate is based on my best
)udgemenl as a design professional familiar with the construction industry.. We cannot and do not
guarantee that bids will riot vary from this cost estimate.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 83
SERVICE AND ASSESSMENT PLAN
FRIENDSW00D CITY CENTER • PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PRGJECTNO. 70555.016
012dR02d
17Eh1
ESTIMATED
UNIT
NO.
DESCRIPTION
UNIT
QUANTITY
PRICE
AMOUNT
UNIT
A- POILLUTIM PRIEVENIHON AND M159ELLAI PITS
1
Ra.:Ieo,eed Filer Fabric Fen.
Lf
15,000
5 1.65 S
24,750
2
Submy N.O.hs5N 0Te. Review PPP, and Posting olmaledals onlob Ite.
IS
1
$ 3.000AO $
3,000
0.
Maintain and Repag R FFF
MO
12
$ $.000.00 5
00,000
t.
PPP Monosson and Re"All
MO
12
$ 11100 00 S
12."0
5
Street Ckanhg
NR
200
5 65.00 S
13.Cm
0,
Slabnaed Cu,nadlbo Ell
EA
J
It 3.000.00 S
0.000
1.
Type ll Filer Dam
EA
2
$ 2A00.00 S
4.000
6
Inkl Frieda., Sligo One
EA
t0
5 N,w 5
1,570
9
Inlet Prided., Sligo Tsv
EA
42
S WAO $
2520
UNIT A SUB -TOTAL BID r 102,700
RpIm l A%slues rounded uplo the nearest hanbed 2. This ester ale Is based. my best judgement as a design prolessionel /umEasr wAh
the misuclbn InduNy. We cannot gad do not 9ualenlee 10.1 the &t not V+N Item till, eosl estmale,
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 84
SERVICE AND ASSESSMENT PLAN
FRIENDSWQOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70455-016
W241202/
REM ESTIMATED UNIT
NO. DESCflIPT1oN UNR WANT" PRICE AMOUNT
I. klobiinllon LS 1.00 5 202,262 05 $ W2,253
2 Canslrodlm Staking LS In0 $ 35,WOn $ 35.(W
UNIT a SUN -TOTAL RID
$ 237,253
Us=1. AN values sanded W to @e n Brest hundred. 2,1 W e2bm0tc Is pared al my M51ludyaned oe a de9dn Dfofeaswnal
6mJior allh the censlmitbw industry. We cannot and do od guarantee Nit bids ell( nnl wry ban this swl esbm ale.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BS
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER • PVBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO, 70155-018
912AIZD24
REM
ESTILWED UNIT
NO,
DESCRIPTION UNIT
CUANTITY PRICE AMOUNT
UNIT
C• CLEARING ORUBBINO &DEMOLITION
I,
Ugnl Clcaiing-Cnp antlNwl'IloWaOn➢bd ndllrn,leU to remm-d pf0�s PC
alli 0 21207,13 T 520,3555
4umps, I¢ps, vegHad¢n, lan-ez, rubdsh, dabds, aganb and rNer
na to
reMadep topsdl:
I odreq,sloapenp
Tttl Inaldtirin0 PP91N¢ bdlnage (Pr Ih¢ ¢nPf¢ LI¢)
and
2
Nwsy Cleamq-Chp ardlUUP Undudlno dd nd 6mled to ranoval of bae AC
71.23 635.MW 0 2b51,704
0.05.logs. vegant.. fences. ruUNNn' debris. organlo mailer and albs
cDladlWabla maledal Par spedSo W. soppMg, sla 94rO feplaong tWsal:
and mdAzlNng pooni+e dalazgo fv the m5re silo)
3
LC Face Alan Rdnovd a 0iT- s 1, Crmplela In pace LF
2.77AAA 0 25,00 9 60,465
g
12'Walersne Ramorel and fNsposal, CanMHeln pace LF
2,01000 5 26,0O 0 73.260
UNIT C SU B-TOT AL BID
$ 3,226,763
Isles' d.AIValues lcrdool We
do not
TNs Untlmale Isbaste on mybeYAlo,A WIlasa OeNgn prdaSVOMIfunllm
xgb IAe wnsructlm Industry. Wo amd and d¢rM guamde¢ Pml ddavAl not varyfrom Nfs col cdlmafe
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 86
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER � PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENOINGER'S OPINION OF PROBABLE COST
PROJECT NO. 10456416
0412o7A
ITf11 E3IDPATEO W91T
NO. OESCRIPT101 LWIT OIIVIT)" PRICE AMWNT
1. DolrNMPMd1EYUYaIM.FBand Camp.dMMSIO,CMPNbhPRu
OY
263.31626
$
?A0 S
1165.762
2A FbOd.Oebohon Pared l ENwelbn- FO OSIIe. Complda as Placed
CY
243A23A6
3
1200 $
3116669
2b. PID. DBBNNO PON I Ev0abVan- F II OSeao.CemISHI dcPYCa
CY
120.113M
$
11.08 3
'..109AID
3 Wry Saaae- fN OnML. CamPhla 6s PMC.
CY
11.459
5
11.00 S
196.650
BM<NwvABNd PO... 1.1- 6 ON PSI R.hf.ed Corcrtle Pawmml. C.,hel. m
6. ITT,
Sy
).612
S
66.00 6
220.290
6. Lanabeo Way-6'4 M PSI RIWOced C"Trtla I'VOMIp. C"Pltle h PUu
Sy
11.236
$
63.00 6
I73AN
Madtan Ave Phase I-I-4.ND PSI Reo✓owrd Cmnele Povemenl. [OmPYh Is
6. ,...
Sy
IM3
S
6000 3
92.603
twmeF Road Phase 1.6'/.000 PSI R.IIdolbrd CPntlNe POIS.l. Camille h
1 IN"
BY
6276
3
600) 5
266.601
C. G.R.hishoo Ca S1.11Cali. Comphle as 0a..
OF
1.602
S
4M S
32,166
9. 9MObavd BNd Phan l- V Woodall 5utVate, CamVbla In Plat#
Sy
)Al2
S
3.W 6
12.611
10, Lenaboo Way Pha3r l- S' Siabg09d SUbyada. CaWWO as POT$
Sy
12.2T$
S
360 S
0/.190
11, MidhanAw Ph6nl t'SIab1Ur65WgN0o. Cbmptlr"pat#
Sy
1,613
3
3.60 S
6A56
11 TaMIN Road me$* l.6- SleoOldth,b9ladd COMRW#"pace
8v
4,276
3
300 6
16395
U, Phase L63'3,OM PSI RaWa"od CPrclMe Pa+rmud 01dewaB).Comp41e h Plat#
Sy
$.621
S
40.00 $
1461810
14. Phma 1-Ypink SeN ebd0y Q95Y SPD iSMIrval1), CemphbhPlua
Sy
3621
$
20 S
1142
16. Phete l-ge4.50ee1 Nenla d'9n. CompRIe NPMU
EA
10
$
3.000.00 S
30.W0
16_ Ph.. l- SIIp.e'9. Cmaphle, ve Mua
LS
.1,3w
3
165 6
5, 113
11. PpN01-WIOWINI Ramps
EA
15
$
A50000 6
192.500
S
UNIT O SUB.TOTAL BID
$7331G00
Nola:l.AgvaW'T m.Med up ION. nvalesl hundred 2.lmseeth,ale 6 based on My bellfddyem enl as a dngn ry ImssbMJ lamdL Mh Ibe
.Onsna[IWIMdIWry. WB tu1nN AM ao nol gxinmea Inal No4a1 red wry0gn INN toA bOplel.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 67
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70455-016
912412024
ITFJA
ESTIMATED
UNIT
NO.
DESCRIPTION
UNIT
WANTITY
PRICE
WWNT
UNITE; FM 528TRAFRC IMPROVEMENTS
I
McInay.YMleraecpon Sl9nteleallon MprWements, Canpleto In place
LS
I
5 fiO].OJ9.a9 $
SW.DW
2
Tonnesla edlnlns�im Signatna lmprs ments.Complaleinplaw
L5
I
S 400.000..00 5
404A00
3
Len TUM Lane S.Mlh.ald at Tomas Rd. Cwt,10. n Pl.
LS
1
S INJ.NgBO 5
IFA.OW
4.
Len Tum Lana Soulhto u d at BWc4haWk Nyd. Complete in Pla9e
LS
I
S 160.00.00 S
100.000
UNIT E SUB -TOTAL BIU
$ 1.200.000
N9M 1. All Valdes rounded up to the nearest hund,W. 2. This estate is 0ased m my best 10901-14 as a design ptole5slonal WMa@I'
%ilh the censlmdlon Industry. Wp cannc4 and donot gpaYM. That des ill not Vary Dap this cost eMlMPWe
ONNEEMEMENONLL-
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BB
SERVICE AND ASSESSMENT PLAN
FRIENVSWOOO CITYCENTER • PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENGINEERS OPINION OF PROBABLE COST
PROJECTITM 7W5410
WR 024
ITOA
EsnIMTfo
UBT
NO. OFBCRPIION
U}T
WNOITY
PRCE AIAGLM
UNITNUETEMION
1. DNedlm Pmd L Backllot Uluctoo 10a10 rV 24' GOLW(M NCfW Slmdudq.
u
-6
5It W.W S
0100
CmgNt In Pbce
2. OMN$mlFmd l-BxAfbNS tll. CyWa-KMII
1F
1850
S 5w 4
Malt
5. Ddadbn Pmd l- SlaaAzdlen Ufwt, alarra Ito PMmmvka FYMk Wm'A6 Mad— ll Pf AC
15
a 1wow a
67.50
W I IixhaMNn1Ye Na16Ylee4.A15zadi l0 Hzlt YSYttrrmFeM w HyMr
IF
1,400
S TMO.w a
4.w0.00
t.
5. Otwd"vu
LS
1
SwO.wow 5
w0 w
F.. gOltor<ed00'Yrtle 6Npt vartrtj l6•INrY DV NCFC05TINtrdL CnrnPNeNvrMe
S}
1,14E
6 IBOw S
11FU09
i RlYpp-WMdmlb. 1110'labk pe'NCfC051aadards). Compute RRurt
BY
S21
S 650 S
0.25s
a. MAW, CaIEOMlbrram Slr4algt ININCFCO 6Ia'da0s). C-I"'WPU'E
IS
1
5151w.w a
14.0E
9. 1'RNaHrO Waaf ad NPlHe.lbmpklatrpbtt
IF
2hq
a 6w Ol 5
I.AWAw
10. ITRMaIrovi"Call MPlart. COmPklo omaro
v
JB
a Imm 5
a0.00
O. RIP. DAW.F..2E,mHMn- FA ONIw ComVtltlnpOrt
CY
aS.D6
S law S
133,F59
12 PID• DElmlbn Pad 2 Sacbbpa lgmOzµa lOziO WWGCIR IPzr HCFCO5lwdmdA.
EA
2
S Wallow a
2100
l,.pwt m PYra
Il RO-ofoq Pmd 98e<4bpa 5vmlt. C.O.I. m PIME
IF
Id50
S 5w S
6J26
It PIG.O Wbn Pw4251aaO0albn MAV 51"vdliµ0mdrbW l ilxb 0(itmIW"M
All
6
S 3wom 5
WWII
IM &A 6 Wnax. AI SOO1.1im YSq,
15. Pr4N amM-Dgedbn Pmld2 F+zAAbn• I'd OFale, C-lPaYNnPaga
aSF.ON
a Ism S
I,i$IA58
16. PwR BMM-61t4Dttlbn UUdp Slardtltl HAYmnuklnV llttaol GllN111 WAIYI
AC
2
S 6104W S
6.0E
IN No fi W.kI.m Seed' NHava a54
UUTPSUSROTALWO
DNY}11.Nvawo rWgeduplo IM 1kgeH rvlNea }. ms tflmalt a aattd N mvp'IIBd2emwl M a alflpn FNtaffiplllramdY YMn DR rorGlNgKa
PYYry.Wa<wepl wd dz ro19rOragta ImItMt" wfvY 4.IM<asl tsimale
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 89
SERVICE AND ASSESSMENT PLAN
FRI ENDSMOO CITY CE14TER • PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENOINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70466-016
OW2024
ITEM
EST61ATE0
UNIT
NO
DESCRIPTION
UNIT
WANTITY
PlI
AMOUNT
UNIT O' STORMORAINAOE SYSTEM
1.
Plot. vI- IY ASTM 076 CLIO Kit W Ca40, Cia"VOW in Place
LF
314
i 6140 S
10,055
2.
Phsw I - IV ASTM FIB CLIO ROP IAI Cuts), Compete in New
LF
409
S 8915 S
36,276
3.
PhwI.24'ASTM C-76 CLIO RCP (AN WO, CorrOne In Raw
LF
AIA6
S 116M S
4nOX
4.
Phew l-WASTM C- 16 CLIII RCP (All We'. CemPOW In Plaw
LF
984
$ 146.00 $
1426M
5,
Phase I-36-ASTM C-7f WO RCP I" We). CORP1elem Race
Lf
1,354
b 200.0) 5
270.600
5.
PM,.I-42'ASTM W6 CL14 RCP(A5 Q.11), Calpiele 10 Mica
LF
46
S 205.00 3
ISO.M
7.
PINs.I -dW ASTM C-76 CLIO RCP (Al Got). GOIrpeN In MAIN
LF
326
S 320.01) 5
WOOD
R
Pha.et-49'CUP (All CvliU C-10cle in Race
IF
230
$ 3204)O 5
MOOS
9.
Pha..I. SW ASTM C 70 CLOT RCP (All Cota7 C.NV.1. in Raw
LF
IS
5 6B1O0 $
130.600
10
Pbaw 1•7Y ASTM C, 78 OUR RCP (AN Ws), Co,wkW in Me..
LF
691
$ ?WOO $
604 <30
11
Ph.wt. W ASTM WO CLIO RCP DO Co.), Ce.VA. In Raw
LF
IOB6
S 4,1now 5
1,193,W
12
Raw 1. 6WIwInitlwd C.W. B.c C14]5(AI C.11), Compltla In New
LF
ITS
5 1,250 SO 5
01
13,
Phase l - Tench Dew...'
LF
6,036
$ M.00 6
116,126
14,
Ph.c.1- Type'A' INK Complete N Place
EA
15
S is'sw.00 S
71,W
is.
Race I.1'. -SS - Once. C.*l. I. Piece
EA
36
S 4,SL0.00 $
171.000
16.
Phase l- Type'C' Manhole NY am wed). CwnpNe 0 Rew
EA
49
S 4,500.w 5
216,000
Ile
Phase l- TWO 'C'MAMeb(42' am WaBea) eA ty.'A5olat Compma N PNw
FA
7
S L600.00 $
626W
19.
Ruse I. Tw.-V Neonate (49.4:), CmYAels in Rae
EA
13
$ o.mm S
117,000
19
Ph.wl- Tr. 'C' MaMel.(N'.M lacgu), C.Pol. in Rae.
PA
IS
$ 15100000 S
226,000
26
Phase I- OSHA Tench 6e kry Sypem
LF
NINO
5 160 $
16,0"
URIT G SUD-TOTAL BIO
$ 5,144,281
"M 1. All t.A.%,.dad U, m the n.awsthuml.d. 2-TN, c4ainvl. k based on my b.v pdwmcm as a dedgn polauional Ia e011'AOI Ne
wnUmdMn n6nVy. Wa wmM end do Not guarantee v,d Wr WY no vary bon Nit wU agtmsta.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 90
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT
INITIAL MAJOR IMPROVEMENTS
ENOINEEITS OPINION OF PROBABLE COST
PROJECT NO, 70455.016
912412024
UNIT H: PROFESSIONAL FEES
Amount
Drainage and Flood Mitigation
Genlechnical Investigation to date (Finer Engineering)
S
26.291
Project Coordination (Tannos Development)
$
25.966
Schematic, design, development documents (DOG)
$
212,625
CNII Engineering WA)
$
1.034,6W
Seotifily Fencing (Amerloon Fence)
$
9,063
Land clear to bnslall secanly fence (All -Tex)
$
6,006
Slaking for securilY twice placement (Boundary One)
S
100
Overhead(12%)
$
155,060
Miscellaneans Costs
$
136.305
DRAINAGE AND FLOOD FEES ITEMS SUBTOTAL
5 1 811,721
TOTAL UNIT H: PROFESSIONAL FEES
$ 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 protesslonal familiar with the construction inclUstry. We cannot and do (Vol guarantee that bids
will not vary rrom this cost estimate.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 91
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 92
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
=7PI'LL":
i
rrVF\
93
. i I
MGA
AT i
ERIENDSWOOD CITY CENTER PUBNC IMPROVEMENT DISTRICT 99
SERVICE AND ASSESSMENT PLAN
- - , W- -� -w - -- -
,j
rGA
, / �� Oestu.uuu I,/�" lWEM{Vq�OG�SE�N1u
I/
As i
FRIENDSW00D CITY CENTER PUBLIC IMPROVEMENT DISTRICT 95
SERVICE AND ASSESSMENT PLAN
PIIy
I WOVSOMA � ��=
f
/r.
uaon�oa.aws
w.,.uum ���: ewcwnuw� anw
PS
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 96
SERVICE AND ASSESSMENT PLAN
Dlendsxnad Glv Cemer SeOmmbn 24, 2024
Nuk Improvement Dktr&I INDI fMlree IM Ncporl
APPENDIX B
Additional Major Improvements
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 97
SERVICE AND ASSESSMENT PLAN
CCNSULTING ENGINEERS
FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70455A19
912412024
CONSTRUCTION COST SUMMARY
UNIT I: EARTHWORK, PAVING B GRADING
S
3,400,250
UNIT J: WATER DISTRIBUTION SYSTEM
$
1,0D7,036
UNIT K STORM DRAINAGE SYSTEM
$
179101
UNIT L SANITARY SEWER SYSTFIA
S
862,879
UNIT M SANITARY LIFT STATION
$
i,aa0,70G
UNIT N: MISCELLANEOUS- LANDSCAPING
3
5.697,472
UNIT O: MISCELLANEOUS -CIVIL
S
3,063,184
UNIT P• FIRE STATION
S
1,032,520
'AODRION4T COST CHARGE TO Tm2`
CONSTRUCTIO14 CONTINGENCIES (n),6
S
2,141,506
UNIT O: PROFESSIONAL FEES
S
2.981,843
TOTAL ESTIMATED CONSTRUCTION COSTS Is 21,596,499
ADDITIONAL MAJOR IMPROVEMENTS
Submitted by
Dean W. Rasmuson, PE
Sr. Engmeenng Advisor
F-9756
Notes: 1. All values rounded up In the nearest dollar amount 2. This estimate Is teased on my hest p4lgemenl as a
deagn professional tamltiar with the conslmatbh Industry. We cannot and do not gwrantee that bids M11 not vary from
this Cost estimate.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 98
SERVICE AND ASSESSMENT PLAN
D
FRIENDSWOOU CIN CENTER -PUBLIC IMPROVEMENT OISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
Eel01NEER1 OPINION OF PROBABLE COST
PROJECT NO. 7045S-016
904002.1
ITEM
ESTIMATED
UNIT
NO
DESCRIPTIIN
UNIT
QUANTITY
PRICE
AMOUNT
UNIT I, EARTHWORKPAVIN06 ORAOINO
1.
W4c4bavM Blvd Phase ll- 7`4.M PSI R.W.1d CM6e1e Pavement.
BY
17,111
S 70w S
1,249.170
Compee it place
2.
Madison Ave Phile11-6'4,OP0 PSI Relofmced Conclele PeVeamenl.
SY
3,114
9 55.00 S
202,442
complete In place,
3.
Townes Road Phase IL 6V,900 P51 RoWunfed COnwele Pavemenl.
SY
41T20
S 65.00 5
306.990
template In'how
4.
Bennett Blvd phase 11-a-4,000 PSI Reinlouced COnstale Pavement
SY
11,128
s 65M S
782.310
tompleelnplace.
5,
6'RNnfaced Couttila Cmb, Complete In place
IF
24143
$ 4.20 S
1oi M!t
6.
WackhavM PJvd Phase It. 0' SlaNpced SubOnde, compile n place
SY
11711
S 30 S
63,780
7.
Madla4.lAVe phase 11- W&.1,1.ed SubWadq complete In place
SY
3.114
S 3SO S
11712
6.
Tgmmes Road Phase ll- O'SlabRzed Subeide, compete 5l place.
SY
4.723
S 3.60 $
iTA03
4.
Bennett Blvd Phase it- 6' suneled SubyaOe.=Plate as plate.
BY
11.128
S 3.60 S
42.220
10
Male 11.45'3,00)(1 PSI RNnsettd Conclele PaVemegl(S)dew114I.
SY
7,463
S 400 S
2"S20
Complete In Plate
IT
Phaaell -l Bents Sand Bandbg®96A SPO(Swoalk). Complete In
6Y
TAe3
5 2.00 5
1028
pl .
12
Phasell - Tn6s15trapl Name Sgn, Camplate A Rase
EA
27
$ 3.00000 $
91,000
i3.
Phase It- SldpAg. Compete in Piece
IS
3,350
S 1.55 5
6.193
14
Phase ll- VAeakhae Ramps
EA
46
S 5500.00 S
253.000
UNIT ISUB-TOTAL BID S 3d00450
Nelea:I At values ruunded up tdlhe nemest hundred 2. Thk estimate Is based do my best judgement as a design Proesstgml famkal x1N
the construction mdusby. We cannot and do not guarantee that bids vst not vary from We cast estimate
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 99
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER - PUBLIC IMPROYE61ENT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70A 5(Ufi
W2412024
ITEA1
FSTIkUWTEO
UNIT
110.
DESCRIPTI011
UNIT
OUANTITY
PRICE
AMOUNT
UNIT J' WATER DISTRIBUTION SYSTEM
I.
12-COW PVCCL150WAvr Uns, AN DePlhs,CemPlele In%ace
LF
J,W
$ 50.00 S
368.030
2
BY CM PVC CL 150 Vale Line, All Depths, Complete In Plate
LF
102
S 55.00 $
8,910
3,
V CtCO PVC CL 150 Mhe Une, All Oeplhs, Complete In Place
LF
1,745
$ 5000 $
07,400
a.
LIP COW PVC CL 150 mto who, All Depths, Compete in PNse
LF
51
5 00.00 $
2.610
5
17'Jack and Bene. Cesnplel2 in Place
LF
55
S 175 DO $
9' 15
5
17' Dkectmal Sae, CamPle. in Place
LF
AO
$ h25000 $
250,000
7
I T We ComSedion. COTpleteln Place
FA
3
S 2,40300 $
7.200
5,
1& Plug a10C1amp. C.Wpk4eM plate
EA
1
$ 200.00 $
n2w
9.
1.YMeta.Cemplele In Piece
EA
1
$ SDWW $
5.000
K.
1.5-Doutle Chock BacRlkw Paevedpc, Complete In Nave
EA
1
$ 2.50V.W S
2,600
11.
FIre NyH'aM fitl. Valve and Tee. Complete In Piece
FA
N
S 7.5W.W S
105,000
12.
12' Gale Valve S B., Complete In Place
EA
15
S 3,700.00 S
W.Wo
13.
10' Gate Val'a S M. Complete m Place
EA
6
S 300000 5
18W0
la.
10- Plug and Chimp, C"plele In Place
EA
2
$ 1.20000 S
2.,100
15.
B' Gate Valve B Box. Complale in Flee.
FA
16
S 2100.00 S
33.1go0
16.
W Mg aM Clamp. Campine in Place
EA
B
S 1p0J.00 $
8.000
17.
LY Gate up. B Be., Cemplelp In Pace
FA
I
$ 57200 5
572
U.
OSHA TwONI Safety System
LF
7028
S 1.50 S
10.5$0
UNIT J SUB -TOTAL BID i 1,007,036
!Ides: i. At values landed up IP the nealesthmmdwd.R. ThU inhalations baseit..,, beslledgement as a tletign pcmNcsimal lmilam
m1h Ito =sInje er, ehduehy. V7e cahM aml dohct guammee that NdsvAli nal vaty0an W s msl bbmale
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 100
SERVICE AND ASSESSMENT PLAN
FRIENOSWOOD CITY CENTER -PUS UC IMPROVEMENT DISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
EUM14EER'S OP114ION OF PROBABLE COST
PROJECT NO. TDO&O e
BFwn02d
ITEM
ESTIMATEO
UNIT
NO.
DESCRIPTION
UNIT
QUANTITY
PRICE
AMOUW
UNIT K' STORM DRAINAGE SYSTEM
I
Phase 11-2e' ASTIJ OTO CUII RCP tall Cuts). Cemplde Aphis
LF
709
S 11500 $
81.635
2.
Phase ]I 48'CMP /All Ws). Cwh.te In Flaw
LF
125
S 320.W S
40.000
3
Phase 11 ❑ench DeTialemy
LF
TOS
S 35M S
2e.015
i
Phew ll-Tyae'E-B' 104. CwPlda n Plaee
FA
4
$ 4.M0.CO S
I0.000
6.
Phase ll Two X;C IA3limla(47 a,d sm3laU, COm1,10le 41 Place
EA
3
5 e,500.W S
13,600
0.
Phase ll. OSHA Trend, Safely SYstent
LF
8Te
$ Lw S
1,261
UNIT K SUB -TOTAL BID
I 1TS.1g1
dev1. All values-Ad"Wla the hemeet bombed-2 This"oh,me Is based on my best Ndgemenl es a deslye PM"e Safi
famemr PAIN the consbucgdn laduehy We panm t and do not guamnlea 11.1 bids%all nd wy Isw, this cast es@ae16
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 101
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOO CITY CENTER • PUBUC IMPROVEMENT DISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 7W%(Iifi
Wd/2024
REM
ES11MLArTEO
UNIT
NO
DESCRIPTION
UNIT
QUANTITY
PRICE
AIWNT
UNIT l SANITARY SEWER SYSTEM
1,
IT SOR 26 PVC SevIW- 12 deplhl Can{3de M Plaro
LF
1.122
S 6600 5
WAR)
2
1T SDR 26 PVC Sever (17•16- rolth), CanPlele-m Place
IF
583
$ IOJDO $
%,3W
3.
WSOR 26 PVC Sav IS- 17dWlh), Complete in Place
IF
1.255
$ 50.00 S
ubw
4
WSDR 20 PVC Seen 117. 1W dePIh). Cbnplde in Place
IF
603
$ Who $
30,105
6
Aerad Cohada Manhole, Canada In Place
EA
22
$ 6,000 DO $
132,000
6
Ulti DepN for Standard FAR 6-17 Depth
VF
t0
$ 275.00 S
2750
7
aui D,U, for Standard 1,04 Over l7 OMIh
VF
57
5 30000 5
17. 100
S
W Sanitary Serytt Plug, C.Plde In Pa.
EA
m
5 1.00300 5
25.000
0
Trench OOmatubg
IF
3,56e
5 35.00 5
124.740
10,
W Force Mob. Co nplde In Place
LF
035
S 45M 5
42,075
11
W Face Main M.6m9 BcI ComplNe In Placa
LF
200
s 1,250.00 $
2t0,000
12
Ar Re;mm VahB nor W. CanMde In Place
EA
I
$ a.0V000 S-
4J)Ou
13,
WFars Main Tle Info Epdalg 1,114. CanPlele in Plato
EA
1
S 2.5n6.00 $
2500
H.
OSHATIawh Safety Sy4ml
LF
4.690
$ 1.50 $
7,040
UNIT L SUB -TOTAL BIO f e@,6ie
plea• I. AL Idues raMetl W to the neved Oundrad.2. T1Ya eslmale Is based m my ba9lndgemeN m a deagn prdos9mal fam3lm
wth Iha mnsW dbn intles4y. Wa camd and do not evaNNeelhal bids 01.0 W ry fran 1hls cost edfmat-
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 102
SERVICE AND ASSESSMENT PLAN
FRI ENDSNOOD CITY CENTER- PUBUC IMPROVEMENT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 7045"16
0124QO24
ITEM
ESTIMATED
UNIT
NO.
DESCRIPTIOtJ
UNIT
GUANTITY
PRICE
MAOUNT
UNIT M; SANITARY LIFT 3TATION
I.
Lit 9m., Canpime in F4aoe
IS
1
SI.m'm 00 S
1.260.00h
2.
54A00 PSI R.MWCce Cw(lde PwmeN. Cmplde In pate
3Y
370
$ w.w $
22200
3.
IYWAe3'ChWn LhXG2taw12Rolbmbedxoe. CWPICIRMA.Ce
EA
1
$ 6.000.00 $
0.000
4,
NChah Unk fmrre wlTM1nfbabed Mre, Canphte in Mare
LF
214
$ 250VJ 3
53,500
UNIT M SUB -TOTAL 810
$1,S30,T0G
Not es: 1. A$rd0es Ia1Me0. to Ihsne and huntre02,otse 11,0 %N nd r Ir Nes11W0em0Nesa 0csWn prpfes:+sBal familN
Nllh use tvnawdipn Inuuaby. Vh wmd an4 tla MI guantlee Thal bNs xPo ntl vary Iranl INS cost eslmlale
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 103
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER -PUBLIC MV80VEMEPIT DISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 7046"10
8R4/2024
ITEW
ESTIMATED
UNIT
NO.
DESCRIPTION
UNIT
QUANTITY
PRICE
AMOUNT
UNIT N: MISCELLANEOUS - LANDSCAPING
I
Bath House'
6F
650
S 486011 S
282750
2
Ste UII45ee ROW
EA
10
$ Amid) S
13.000
3
hemheef Adnen'
EA
45
5 1650.00 5
14250
4,
Landscape ROW'
EA
I
5Z450AM.00 $
2.,50.004
5.
PAW"-
SF
35,BTA
S 15.00 S
534,000
0.
Decomposed GraNte'
CF
SO.903
S 568 $
475.707
7.
Comsat. Edge Band'
CF
32,381
$ 8,52 S
275,710
8
Llnealnlar Henahas'
IF
50
5 1,20000 $
67.2D0
B.
Load.0'.-
EA
12.D00
5 woo S
WO.tgO
10.
Shmet Mghle w'l foundation, COmplela In flare
EA
30
S 20.000.00 S
=1000
11
We, Llphung-
I EA
65
$ 3,45000 $
224,250
UNIT N SUB -TOTAL DID S 5,597,472
I WIDSCAPNG, PARK GNDAMMENITY ESTMATES ON TIIIS 17HOWEER'3
OPINION OF PROBABLE LOST WERE PROWWD BY DIN OMIT)
DEVELOPMENT GROUP.
Naas: 1. AN Wines rounded up to the neareM handled. 2. This e9lmele Ie based W my best ladgemenl as a deUgn prolessonel Mantel YAh the
r4Mhadlon MdaNry. We ranad and do not qumanlee, Iha1 bMs will not vary Irom INs cod"n al,
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 104
SERVICE AND ASSESSMENT PLAN
FRIENDSN'000 CITY CENTER • PUBLIC MIPROVEIAENT DISTRICT
ADDITIONAL MAJOR IMPROVEMCNTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70165-016
92412024
ITEM
ESTSAATEO
UNIT
NO,
DESCRIPTION
UNIT
OUANTITY
PRICE
AMOUNT
UNIT & MISCELLANEOUS -CIVIL
I
Left Turn lane NodhEastbound at Bay Ann Bud. ConpNicln Plam
Le
1
S
150.DOU.00 3
Ib0.000
2
Bddga Weslbound(2lanes)m Bla&IuA[ran Stellm
LS
1
11,700,001
S
1.xIoxa
21.42.07 to 25170. Cmlplele In plate
3
Bridge Easlbbmd(2 lams) on 64Nhauit ksm WHO
LS
1
$1,200
00 5
I,M.WN
25-72.33 to 27-37.33, Corollate In place
4,
CCISO Road 6'3,500 PSI Reinforced CowNe Pd0.+menl, Complete In pla
BY
3.9550
$
55M S
217,250
5.
CCISO Road 6-Rnnforced Concrete Curb. Complete In place
LF
2.209
5
4.20 $
0.630
6.
CCISO Road 6• SWIta<d Subgrada. Complete In Piero
By
4.215
9
3.00 S
16,174
7.
CUED Road Cw3,000 PSI RBMomd Concrete, PavemeM(Sidnsrdk)
BY
244
1
o0A0 $
P,AO
emplete In plate
e.
CCISD Road 17 ASTM C-78 CLIII RCP(NI GIs), Camptete 11 Mpee
LF
$21
S
50.00 S
MAW
9
QCISD Road IW&STM C-16 CLIII RCP (All Cols), Conptde In Race
LF
418
S
100.00 S
9,600
10.
CCISO ROM W ASTM C-70 CLIII RCP IN] Cuts), Couplets In Place
LF
211
S
W.00 S
32.M
11.
CCISD Road 38ASTM C-70 CLIII RCP(All Cuts,. CM9100 In Place
LF
95
9
200.00 S
17000
12.
CCISD Road Type'C" McMOO(42' and vndlar) W TyA'InML
EA
0
1
7.500.00 S
45000
C.Plata in Place
15
CCISO Road 51rae1 Lights w9 foundalion, Complete In Place
EA
5
$
20.000.02 $
IOO'm
UNIT 0SUB-TOTAL SID E 3,053,1BA
Notes, L All wivas roundetl up to the naaresl hu0dled� 2 This arlimale Is based on My bast )utlganeN as a design pratr.5era1 famg,ar
vilh the canslrvdion Industry. We amnot and d9 no1 guannfee Thal bids will net vary Run Ices cost aa(im ate
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 105
SERVICE AND ASSESSMENT PLAN
FRIENDSNOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70I55AI0
Si
ITEAI EBTIIMTEO UNIT
NO DESCRIPTION MITT nUANTITY PRICE MOUNT
UNIT P: FIRE STATION
1. fdestaUm LS I SL03ZE20VJ T 1.033.5M
UNIT P SUB -TOTAL BID
S 1,032,520
Nauss: T, M W ues sumtled up to the nwed hu'NwE. 2. TMs alimma is based on my bed Ndgemanl as a dusgn plgl ilsoral Wills,
Mh the shu-Hm IMudry.Wecanncc and do W guar oaIhall9dsMl nilvmygpm NISCW edimale.
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 106
SERVICE AND ASSESSMENT PLAN
FRIENDSWOOD CITY CENTER • PUBLIC. IMPROVEMENT DISTRICT
ADDITIONAL MAJOR IMPROVEMENTS
ENGINEER'S OPINION OF PROBABLE COST
PROJECT NO. 70466A16
912412024
UNIT Q: PROFESSIONAL FEES
Other Engineering E Professional Fees
Engineering & Surveying through Change Order No. 6
Geoleohnlcal Engineering
Surveying by Boundary 1
Diamond Development Group
Legal - Wolfgramm
PIO ITEMS SU&TOTAL BID
TOTAL UNIT 0: PROFESSIONAL FEES
Amount
£ 959,050
§ 47,151
S 14,354
8 1,861,293
S 100,000
S 2901848
$ 2,881,848
otes• 1All Values rounded tip 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
SERVICE AND ASSESSMENT PLAN
1- .1
lr,
\\
/
Y GA
4!y✓
�
�
cam.mowwnn
/
�as,nruwn ��It
rx¢wmwoanamu
o,
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 108
SERVICE AND ASSESSMENT PLAN
1T i� i
•. - �:9�RL�X4Yyt��..
K.
\ S e
%GA
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 109
SERVICE AND ASSESSMENT PLAN
_ � l
`
1
I
I
l
/
I/
��,.V
MGA
(
7�� �'•� /�
waxen
UJ ,
ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 110
SERVICE AND ASSESSMENT PLAN
AW
t
_
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�
✓1.
aeSa.Qooas
BI
ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT Ill
SERVICE AND ASSESSMENT PLAN
7
VvrA
85 w
es f
PRIE NDS WOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 112
SERVICE AND ASSESSMENT PLAN
I I
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 113
SERVICE AND ASSESSMENT PLAN
\ �� Ise--
_. - �%•- •.'.rain
IM
/ 6>
MGA
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 114
SERVICE AND ASSESSMENT PLAN
II
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Y
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I �
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Al
FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 11S
SERVICE AND ASSESSMENT PLAN
MGAL
010
i
FRIENDS WOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 116
SERVICE AND ASSESSMENT PLAN
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
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:
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 truster 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: $54,653,000.00
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:
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:
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
Notary Public, State of Texas]3
, 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.
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 Texas14
,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
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Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
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 RECORDING' 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: $41.17 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]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 , 20_
Notary Public, State of Texas];
i To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of 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 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 Canty.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS PER SQUARE FOOT - LOT TYPE 1
entailment
hail,
Captalixer!
II':I
i;l,ry.I1 ,H'.Lay':.
Annual Additional Reserve
Irn'.s.nme's
L:II. °l
V.l t !"'µu�Alr
Annual Reserve
M1A la:f
Additional
lll-,IP:
Additional
Improvements
ll,
Major
Total
Annual
Due 1131
2025
principal Interest
$ $
Interest
1.56 $
Collection
'a,i
1156) $
ffitsfadal
- $
fismulso
- - $
Total Annual
Installment
$ Delta -
P,1.111.1 Int,nat")
$ - $
Collection
Costs
$
fordud
- $
Interrupt
- $ -
Total
Installment
$
Annual
D.."i
Inst,11punt
Do."'
2026
$ - $
1.95 $
(1.95) $
$
0,03 $
-
$ 0.03
$ - $
0.66 $
0.03 $
- $ -
$
069
$ 0.72
2027
$ 0.353 $
1.95 $
- $
- $
0.04 $
-
$ 2.33
$ 0,110 $
0.94 $
0.03 $
- $ -
$
1.13
$ 3.47
20a
$ 0.376 $
1.92 $
- $
- $
0.04 $
-
$ 233
$ 0.184 $
0.92 $
0.03 $
- $ -
$
1.14
$ 3A7
2029
5 OA02 $
1.% $
- $
- $
0.04 $
-
$ 2.33
$ 0.1% $
0.91 5
0.03 $
- $ -
$
1.14
5 3.47
20M
$ 0.429 $
1.87 $
- $
- $
0.0/ $
-
$ 2.33
$ 0.209 $
0.90 $
0.03 $
- $ -
$
1.14
$ 3.47
2031
$ 0.459 $
1.84 $
- $
0.00 $
0.03 $
-
$ 2.33
$ 0.222 $
0.89 $
0.03 $
- $ -
$
1.13
$ 3.47
2032
$ 0.4% $
1.80 $
- $
OA4 $
- $
-
$ 233
$ 0.237 $
0.87 $
0.03 $
- $ -
$
1.13
$ 3.47
2033
$ 0.524 $
1.]] $
- $
ON $
- $
-
$ 2.33
$ 0.253 $
0.85 $
0.03 $
- $ -
$
1.13
$ 3A7
20M
$ 0359 $
1.73 $
- $
0.09 $
- $
-
$ 2.33
$ 0.270 $
0.33 $
0.03 $
- $ -
$
1.13
5 3.47
2035
$ 0.597 $
1.69 $
- $
0.04 $
- $
-
$ 2.33
$ 0.289 $
0.81 $
0.03 $
- $ -
$
1.14
$ 3.47
2036
$ 0.638 $
1.65 $
- $
O.04 $
- $
-
$ 2.33
$ 0.309 $
0.79 $
0.03 $
- $ -
$
1.14
$ 3.47
2037
$ 0.682 $
1.61 $
- $
0.04 $
- $
-
$ 233
$ 0.329 $
0.27 $
0.03 $
- $ -
$
1.13
$ 3A7
2038
$ 0.729 $
1.56 $
- $
0.04 $
- $
-
$ 2.33
$ 0.352 $
0.75 $
0.03 $
- $ -
$
1.13
$ 3A7
2039
$ 0.729 $
1.51 $
- $
0." $
- $
-
$ 2.33
$ 0376 $
0.72 $
0.03 $
- $ -
$
1.14
$ 3.47
2040
$ 0.833 $
1.46 $
- $
0.05 $
- $
-
$ 2.33
$ 0.401 $
0.70 $
0.01 $
- $ -
$
2.13
$ 3.47
2041
$ 0.8% $
1.40 $
- $
DOS $
- $
-
$ 2.33
$ 0.429 5
0.67 $
0.04 $
- $ -
$
1.13
$ 3A7
2042
$ 0.951 $
1.33 $
- $
0.05 $
- $
-
$ 2.33
$ 0A58 $
0." $
0.04 $
- $ -
$
1.13
$ 3.47
2043
$ 1A18 $
1.27 $
- $
0.05 $
- $
-
$ 2.33
$ 0.499 $
0.61 $
D.04 $
- $ -
$
1.13
$ 3.47
2044
$ 1.080 $
1." $
- $
0.05 $
- $
-
$ 233
$ 0.523 $
0.57 $
ON $
- $ -
$
1.13
$ 3.47
2045
$ 1.163 $
1.12 $
- 5
0.05 $
- $
-
$ 2.33
$ O.SSB $
0.54 $
DU $
- $ -
$
1.13
$ 3.47
2046
$ 1.243 $
1.Oa $
- $
DOS $
- $
-
$ 2.33
$ 0.597 $
O.SO $
0." $
- $ -
$
1.14
$ 3.47
2047
$ 1.329 $
0.95 $
- $
0.05 $
- $
-
$ 2.33
$ 0.638 $
0.46 $
ON $
- $ -
$
1.13
$ 3.47
2048
$ 1.421 $
0." $
- $
0.05 $
- $
-
$ 2.33
$ 0.682 $
0.41 $
D.04 $
- $ -
$
1.13
$ 3.47
2049
$ 1.519 $
O.76 $
- $
OOS $
- $
-
$ 2.33
$ 0.728 $
0.36 $
O.W $
- $ -
$
1.13
$ 3.47
20%
$ 1.625 $
0.65 $
- $
0.% $
- $
-
$ 2.33
$ 0.]]8 $
0.31 $
0.04 $
- $ -
$
1.13
$ 3.4]
2051
$ 1.]3] $
0.54 $
- $
Dof $
- $
-
$ 2.33
$ 0.832 $
0.26 $
0." $
- $ -
$
1.13
$ 3.47
2052
$ IA58 $
OA2 $
- $
O.N $
- $
-
$ 2.33
$ 0.8% $
0.20 $
0.05 $
- $ -
$
1.13
$ 3.4]
2053
$ 1,996 $
0.29 $
- $
0.06 $
- $
-
$ 233
$ 0,951 $
0.14 $
0.05 $
- $ -
$
1.14
$ 3.4]
2051
$ 2.124 $
0.15 $
$
OA6 $
$
(2.%) $ Om
$ 1.OP $
0.0]'$
1.01 $ (Lid) $
_ $
1.1
$ 0.%
Total
$ 2720 $
39A3 $
(3.50) $
1.13 $
0.21 $
(2.30)
$ 63.0I
$ 13.3] $
]B.OS $
1.04 $ (1.11
$
$
31.36
$ M43
Fernandes:
(al Interest is calculated at a rated].0i
(b) The Annual Collection Costs were innlalfy funded at bond student and while levied the Annual Collector, Costs component of the Initial Major Improvement Assessment wdl cot be cdlacted in the early
Wars but the City will resume collection o(nhe Annual Collection Costs once the Administrative Fund balance Is reduced to $20,000.
[q The D.Unquencyand Prepayment Reserve Account waspaNaMlunded atclosin& Additional Interest shall be collected an the Initial Major Improvement Bands when the Delinquency and Prepayment
Reserve Account Is below 2.5%ofthe paramount afthe Initial Major Improvement goods.
(d) Excludes the TIRZ Annual Credit Amount which will he calculated annually In each Annual Sella Plan Upstate. The figures shown above are estimates unhand subject o change in Annual Service Plan
Updates. Changes In Annual CcIIWtlon Costs, the collection ofAddRional Interest, reserve fund requbements, Interest earnings, or other available offsets could Increase or decrease the amounts shown.
(a) Preliminary Estimate. Collections for Reimbursement Obligation wdll begin following Additional Major Improvement Assessments Trigger Dale,
10 Interest on the Reimbursement Obligation Is calculated at a rate of7.00% which Is less than 2 above the highest average rate oflhe S&P Municipal High Yield Index which was5.50% for October 2024,
as required by the PID Act. If PID Bonds are Issued, the Interest rate on the AssessmentwgladJ.D to the Interest rate on such PID trends plus the Additional Interest. The first interest payment inch:ded In
the Additional Major Improvements Annual Installment due 1/31/2026 is projected based upon the issuance of Additional Major improvement Bonds in 2025.
Igj Assumes the release of reserve fund money in final assessment War. ifsuch reserve lend money is not available, the OnaOnithl Major Improvement Assessment and final Additional Major
Improvement Assessment will Increase.
(hl Additional Interest shall he collected upon the issuance of the Additional Major Improvement Bounds.
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:
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 2 PRINCIPAL ASSESSMENT: $34.24 per Square Foot "inclusive of common
area allocation"
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]'
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 , 20_
Notary Public, State of Texas]'
To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Harris Canty.
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 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
nUm
aJ, l Ina=..uddq:.a-
UG6a'+'dl I(6L'
41 r In'nnrrmal���
Ad ditimmal
2025
$ - $
1.29 $
(1.29) $
- $
- $
uOrm
- $
- $
- $
- $
- $
-
'
$ - $
-
Me
5 -
2026
$ - $
1.62 $
(1.621 $
- $
0.03 $
- $
0.03 $
- $
0.55 $
0.02 $
-
$ - $
0.57
$ D60
2027
$ 0.29 $
1.62 $
- $
- $
003 $
$
1.94 $
0.14 $
0.78 $
0.02 $
-
$ - $
0.94
$ 2.88
2028
$ 0.31 $
1.60 $
- $
- $
0.03 $
- $
1.94 $
OAS $
0.]] $
0.02 $
-
$ - $
0.94
$ 2.88
2029
$ 0.33 $
159 $
- $
- $
0.03 5
- $
1.94 $
0.16 $
0.76 $
0.02 $
-
$ - $
0.94
$ 2.88
2030
$ 0.36 $
155 $
- $
- $
0.03 $
- $
1." $
0.17 $
0.75 $
0.0i $
-
$ - $
0.94
$ 2.88
2031
$ 0.38 $
1.53 $
- $
0.00 $
0.03 $
- $
1.94 $
0.18 $
0.73 $
O.Oi $
-
$ - $
0.94
$ 2.88
2032
$ 0.41 $
150 $
- $
0.03 $
- $
- $
1.94 5
0.20 $
0.22 $
0.03 $
-
$ - $
0.94
$ 2.811
2033
$ 0.44 $
1.47 $
- 5
0.03 $
- $
$
1.94 $
0.21 $
0,71 $
0.03 $
-
$ - $
0.94
$ 2.88
3034
$ 0.46 $
1.44 $
- $
0.03 $
- $
- $
1.94 $
0.22 5
0.69 $
0.09 $
-
$ - $
0.94
$ 2.88
2035
$ 050 $
1.41 $
- $
0.03 $
- $
- $
1.94 $
0.24 $
0.0 $
0.03 $
-
5 - $
0.94
$ 2.88
2036
$ 0,53 $
1.37 $
- $
0.03 $
- $
- $
1.94 $
0.26 $
0" $
0.03 $
-
$ - $
0.94
$ 2.88
2037
$ 0.57 $
1.34 $
- $
0.04 $
- $
- $
1.94 $
0.27 $
0." $
0.03 5
$ - $
0.94
$ 2.88
2038
$ 0,61 $
1.30 5
- $
0.04 5
- $
- $
1.94 $
0.29 $
0.62 $
0.03 $
-
5 - $
0.94
$ 2.88
2039
$ 0.65 $
1.26 $
- $
0.04 $
- $
- $
1.94 $
0.31 $
OM $
0.03 $
-
$ - $
0.94
$ 2.88
2040
$ 0.69 $
1.21 $
- $
0.04 $
- $
- $
1.94 $
0.33 $
0.59 $
0.03 $
-
$ - $
0.94
$ 2.88
2011
$ 0.74 $
1.16 5
- $
0.04 5
- $
- $
1.94 $
0.36 $
OS6 $
0.03 $
-
5 - $
0.94
$ 2.88
2012
S 0.79 $
1.11 $
- $
O.D4 $
- $
- $
3." $
0.38 $
053 $
0.03 $
-
$ - $
0.94
$ 2.88
2043
$ 0.6 $
1.05 $
- $
If" $
- $
- $
1.94 $
0.41 $
0.51 $
0.03 $
-
$ - $
0.94
$ 2.88
2044
$ 0.90 $
0." $
- $
0.01 $
- 5
$
1.94 $
0.43 $
0.49 $
0.03 $
-
$ - $
0.94
$ 2.88
2045
$ 0.97 $
0.93 $
- $
0." $
- $
- 5
1.94 $
0A6 $
0.45 $
0.03 $
-
$ - 5
0.94
$ 2.80
2046
$ 1.03 $
0.86 $
- $
am $
- $
$
1.94 $
050 $
0.41 $
003 $
-
$ - $
0.94
$ 2.88
2047
$ 1.10 $
0]9 $
- $
O.D4 $
- $
- $
1.94 $
0.53 $
0.38 $
0.03 $
-
$ - $
Is"
$ 2.88
2DIB
$ 1.18 $
0.71 $
- $
0.04 $
- $
- $
1.9g $
OS] $
0.34 $
0.03 $
-
$ - $
0.94
$ 2.80
2049
$ 1.26 $
0.63 $
- $
0.% $
- $
- $
1.p4 $
0.61 $
0.30 $
o.W $
-
$ - $
0.94
$ 2.88
2050
$ 1.35 $
0.54 $
- $
O.t15 $
- $
$
1.94 $
0.0 $
0.26 $
0." $
-
$ - $
0.94
$ 22B
2051
$ 1.44 $
0.45 $
- $
0.05 $
- $
- $
1.94 $
0.69 $
0.21 $
0.04 $
-
$ - $
0.94
$ 2.88
2032
$ 1.54 $
0.35 5
- $
0.05 $
- $
- $
1.94 $
0]4 $
0.17 $
ON $
-
$ - $
0.94
$ 2.88
203
$ 1.65 $
0..24 $
- $
O.W $
- $
- $
3.94 $
0.]9 $
O.II $
0.01 $
-
$ - $
0."
$ 2.88
2059
$ 3A $
0.12 $
$
0.05 5
$
(1.91) $
0.03 $
D.85
0.$
(0.921 $ $
0.02
$ 0.05
Total
$ 33.12 $
33.04 $
(2.911 $
0.94 $
0.10 $
(1.91)
$
ST.45 $
11.12 $
35.OI $
0.8] $
0.9T1
$ $
T6.O]
$ ]B.Si
footnotes:
1al Interest Is cakulaied at s rate of ]AO%.
It The Annual Collection Costs were India lt, funded at loot, closing and while levied the Annual Cognition <osls inmpement of the Initial Major Imp Herein nor Maessment will Act be aallerled in the east,
years but the City will resume collection al the Annual Col lec Ilon Costs once the Administrative fund balance is reduced to 520,000.
Is] The D lin,ormy and Prepayment Reserve Arco of was prefix IN funded at c odng. Additional Interest shall be collected an the Initial Major Improvement Bonds when the Delinquency and Peepayment
Reserve Amount Is below 2.5%of the par amount al the Initial Major Improvement Bonds.
1d)The figures shown above are astbnate a only and subject to change In Annual SeMre Plan Updates. Changes in Annual Collection Costs, the collection of Additional Interest, reserve fund requirements,
Interest eaming% or Other available offsets could Increase m dernease the a mounts shown.
[e]PrelunNary End. a te. Collection, for getmburumeM Obllgallon will begin following Addition at Major Improvement Arm simants T(byer Date,
IU Interest on the Reimbursement Obligation is calculated at a ate of 7.00%whish Is less than 2%above the highest average rate of the AP Municipal High YeM Index which was 550%for WOber 2024, as
required by the PID Act. if PIU Bonds are issued, the Interest rate on the Assessment will adjust to the Interest sate on such Pro Bonds plus the Additional Interest. The first Interest payment Included In the
AddlOoml Major Improvements Annual lnstallmem it.. 1/31/2026 is projected based upon the Issuance of Additional Major Improvement Boodsh 2025.
[g] Assumes the release ofeeserve fund money In final assessment year. If such reserve fund money is not readable, the final Wtial Major Improvement Assessment and final Additional Major lmmavement
Assessmentwillincrease.
1h] Addlllonal Interest shall be cdiected upon the issuance of the Additional Major Improvement Bands.
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:
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 RECORDINU 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: $15,492.94 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 SELLER
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in
accordance with Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE:
SIGNATURE OF PURCHASER
STATE OF TEXAS §
COUNTY OF §
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 Texas13
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of 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 ofTexas]4
, 20_
° To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of 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
jbj The Anreal Goge[IbnCesU were lnllbllyfunded at band cimir and y.MlkleNed the Amaral Collection Cestsmmponenl of Me Initial Major Improvement ASSessmenlwill not be Coherted Nthe eadyyenz bulthe
Gry dill resume collection of the Almost Collection Costs once Me Adminhtralive f usual balance isreduced to $ 20,CN.
1[]Ma ColWa en[y and Prepayment AmerveA.ant was parusty funded at star me. Additional Interest shill besalkrled on the Ini01 Major Improvement Bolls when the Oefxpuemy and PrcpaymPA Mserve
Auaunl is Raynor 2.5%of Me par amount of IM1e hell Major Mplovermat boards.
(d] Catlude, the TIM Am alCredit Amount"Ich wit be calculated an mark In each canal Service Plan Update. The sifters shown above are estimates only and subject to change In Annual Stroke Plan Updates.
Changes In Annul CcMWlmCosts, the collection ofAustrian aI Interest, reserve funit«pWremenlsIntereilenNngs,aretMravaldeo%sets wNdlncralsoamdnmase tbeamounls shown.
lej Nelinabary Bt".. Collections for BeMbursemenl Obgglsen v1il helps folbwhg Moistened Major Improvement AesesmentsTrigger Dale.
IQ Mares, on Oe Feembursemenl ObPBatim hakubted ata oate02.001fifwhkhlskss than 2%above the hl{hast Mogemne of the SAP Windiest Hall Ind. whkhwac5.50%hr Cctobef2024, ac mu-cl by
Me PIDMt If PIED BeMiaelssu[d, due hbrs tmteen the Mseroment MR adjust to le Wareslnte m stock PIT lords Plus the Addi anal lnbmLThe first Interest Payment Induced In the Additional Major
Improvements Annual NitaMenl due 1/31/3026151rojectedbased upon the Issuance ofaddition A Major Improvement MMt 1n202S,
hl Assumes the skate ofiewrve Wndmeney in fine amssmenl year. It such recam Word money knot available, the Mal Initial Major mpmr—rt Assessment and fiml Additional MajorlmplotemenlAveslmenl
wllincramm.
jh]AddNonal Interest challbec011M¢dupon the issue me of IM1e Additional Major Mproyement hills.
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: $28.87 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]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:
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
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 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 4
Imialim,, I
ls� III,
Principal Intend.,
slu'd Ammus'
C. 'ad
Additional
off on
^$
A...
Aside
ttalssu=
me. mertibur
Ma"ed"'
Annual
caller
r sesame
Additional
Improwerments
Users'ARIA
ImUsimmi
Toolimmal
Installment
Costs,
2025
$ $
1.03 $
11.09$
-
- 5
$
5
2026
$ - $
1.36 $
(136) $
$
002 $
-
$ 0..1
$ $
046 $
002 $
- $
5 OAB
$ 0.51
2027
$ 0.25 $
1.36 $
$
- $
0.02 $
-
$ 1f4
$ 0.12 $
Is. $
0.02 $
- $ -
$ an
$ 2.43
2028
$ O26 $
1.35 $
- $
- $
am $
-
$ 1.64
$ 0.13 $
ass $
0.02 $
- $ -
$ 0.00
$ 2.43
2029
$ 028 $
1.33 $
$
- $
0.03 $
$ 1.G
$ 0.14 $
am $
Off
am
$ 2.43
2030
$ 0.30 $
1.31 $
- $
- $
0.03 $
-
$ 1."
$ 0.15 $
063 $
&W $
- $ -
$ an
$ 2,431
2031
$ 0.32 $
1.29 $
- $
000 $
0.02 $
-
$ 1.W
$ 0.16 $
0.62 $
am $
- $ -
$ 0.00
$ 2.43
2032
$ 0.34 $
1.27 $
- $
0.03 $
- $
-
$ 1."
$ 0.17 $
0.61 $
0.m $
- $ -
$ 000
$ 2,41
2m3
$ 0.37 $
1.24 $
- $
am $
- $
-
$ I."
$ are $
060 $
am $
- $ -
$ UW
$ 2.43
2034
$ 0.19 $
1.22 $
- $
0.03 $
- $
-
$ 1.64
$ 0.19 $
ass $
002 $
- $ -
$ O.W
$ 2.43
2035
$ 0.42 $
LISP $
- $
0.03 $
- $
-
$ L"
$ 0.20 $
0.57 $
0.02 $
- $ -
$ O.W
$ 2.43
2036
$ 0.45 $
1.16 $
- $
0.03 $
- $
$ 1.641
$ 0.22 $
I $
0.02 $
- $ -
$ ON
$ 2.43
2037
$ am $
1.13 $
- $
am $
- $
-
$ I."
$ 0.23 $
054 $
0.02 $
- $ -
$ am
$ 2.43
2038
$ 0.51 $
l.m $
- $
am $
- $
-
$ 1.64
$ 0.25 $
0.51 $
0.02 $
- $ -
$ 0.0
$ 2.43
209
$ 0.55 $
l.w $
- $
Om $
- $
$ 1.61
$ 0.26 $
0.51 $
am $
- $
$ am
$ 2.43
2040
$ 058 $
LOU, $
- $
0.m $
- $
-
$ I'Al
$ 0.28 $
0.49 $
0.m $
- $ -
$ ago
$ 2,43
2041
$ a62 $
ass $
$
0.0 $
- $
-
$ 1."
$ am $
0.47 $
am $
- $ -
$ ago
$ 2A3
202
$ 0.67 $
a% $
- $
0.0 $
- $
-
$ I.65
$ 0.12 $
0.45 $
am $
- $ -
$ ON
$ 241
203
$ 0.71 $
089 $
- $
0.03 $
- $
$ 1.64
$ am $
0.43 $
am $
- $ -
$ am
$ 2.0
2014
$ 0.76 $
am $
- $
am $
- $
-
$ 1.64
$ 0.37 $
0.0 $
am $
- $ -
$ ON
$ 2.43
2045
$ 0.82 $
0.29 $
- $
O.m $
$
-
$ 1.6e
$ 0.39 $
0.19 $
saw $
- $ -
$ ON
$ 2.43
2046
$ 0,87 $
0.73 $
- $
am $
- $
$ 1.64
$ 042 $
0.35 $
0.03 $
- $ -
$ OW
$ 2.43
2m7
$ 093 $
0.67 $
- $
am $
- $
$ I.64
$ 0.45 $
0.32 $
0.0 $
- $ -
$ am
$ 2.43
208
$ l.m $
OW $
- $
aid $
- $
-
$ 1.64
$ 0.40 $
0.29 $
0.03 $
- $ -
$ am
$ 243
209
$ far $
0.53 $
- $
0.m $
- $
$ Led
$ asl $
0.26 $
0.03 $
- $ -
$ am
$ 2.43
2050
$ 1.14 $
1445 $
- $
0.01 $
- $
$ I.64
$ M55 $
0.22 $
0.m $
- $
$ OW
$ 2.43
2051
$ 1.22 $
0.38 $
- $
O.m $
- $
$ 1.64
$ 0.59 $
016 $
0.0 $
- $ -
$ ago
$ 3A3
202
$ I'm $
a29 $
- $
am $
- $
-
$ L64
$ 0.61 $
0.14 $
am $
- $
$ 0..W
$ 2.43
203
$ 1.39 $
020 $
$
0.01 $
- $
$ 1.64
$ 0.67 $
0.10 $
0.0 $
- $ -
$ ON
$ 2.I3
204
$ 1,49 $
0.10 $
$
am $
$
1L61)
$ 0.M
$ 0]1 $
am $
0.0 $
(0.70) $
$ am
$ am
Tsod
$ 19.50 $
3]A6 $
(1.46) $
0.]9 $
(15 $
11d11
$ M.23
$ 9.3] $
13.66 $
O.,a $
(0.]8) $
$ 31.99
$ 66.22
FaatnMes:
p1 Interest is calculated at a rate an.001S
lb) The Annual Culleelon Costs were Initially funded at bond dotl:gand while Passed the AnnualColk[Uon Casts component of M0.111a1 MajarlmprwementAssessment was nofbecolk[ted In the ea,N and, but
the Cirywdl resume colleahm of the AlmualCdecOon Costs once the AdmInbtradue rural balance Is reduced to$20,00a
I[1 The Delingoen[y antl Prepayment Rerem Admanlwas privaiyfunded at closN&Addilbnallntesest ahag be codected on Me hiftlal Whirlmprwement Bonds when the Deli:pueney and Prepayment Reserve
Account is below 2.5%of the par amount ofthe Witter Major lmprwement 0onds.
(d) 0dudes the TIM Annual Credit Amount which coil be calculated annually In each Ammal Sella Plan Update. The figures shown above are estimates only and subject to change In Annual $emus, Plan Updates.
Charges in Annual Cdlectum Costs, the colkctwe of AddObwl Interest, reserve fund repulamenty Interest earnings, or other wallable attract Could increase or decrease the amounts damn,
(el Pre6mNaly estimate. CWetlions for Reimbursement Obligation will begin following "diOonal Major lmprwement Assessments Trigger Drte.
jQ Interest cn the Reimbunement Obligation If calculated at A ate of].m%which Is Is. be. 2%above the Wiliest average rate ofthe 5&P Munkipal HIM Yeld Index wMM was "Ass for October 2024. as
mocked by the PID Ad. If PI0floods are Issued, the interest rate an the Assessment will adjust to the Isteress.tem such PAD Bondsplus the Additional Nteart. Us rest Interest payment lnrWded In the
Additional Major Improvements Annual Installment due 1133/2026Is projected based upon the Issuance ofAdditbnal Major lmprorrom Bonds In 2025.
is] Assumes the release of reserve fund money in Mal assessment year. It such reserve Pond money is not availably the rural hPoal Major lmprwement Assessment and final Additional Major Improvement
Assessment wi0 increase
lhj Additional Interest steal be coddled upon the Issuance of the Additional Major Imp:owmenl OoMc
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:
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 5 PRINCIPAL ASSESSMENT: $46.56 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 potion 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
4 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
Notary Public, State of Texas]3
, 20_
i To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of 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_.
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 5
Imt.linnem
2025
P,1.1,1 Int
$ - $
... It's, "Phalle
1.)6 $
d Annual
ollesUars
(l.]61 $
Additional
$
Best.
$
Immosernashi
1.11.11M..t
Due",
$ $
Annual
cost,
$
Eaterse
Nudist
5
Addiflamal
Imemsis
$a
Mal.
Improvements
Iffiteffirer,
$ r
Total Aum�l
Me"
$
$
E026
$ - $
1.. $
(E.30j $
$
ON $
-
5 00M1
$ $
0.75 $
003 5
$ -
$ 078
$ 0.82
2027
$ BAD $
2.30 $
- $
- $
am $
-
$ 2.64
$ 0.19 $
Im $
003 $
- $
$ 1.28
$ 3.92
2028
$ 0.43 IS
2.13 $
- $
- $
0.05 $
-
$ 2.64
$ 0.21 $
I.d $
0.03 $
- IS -
$ 1.28
$ 3.92
INS
$ 0.45 IS
2.14 IS
- $
- $
0.05 IS
IS 3.64
$ an $
1.01 $
am $
$ -
$ 1.28
$ 3.92
2030
$ 0.49 IS
2.11 $
- $
- $
0.06 $
-
$ 2.64
$ 0.24 $
1.01 $
0,03 $
- $ -
$ 1.29
$ 3.91
2031
$ 0.52 $
2.03 IS
- IS
001 $
am $
-
$ 2.64
$ 0.25 $
1.W $
am $
- $
$ 1.28
$ 3.92
2032
$ 0.55 $
2,04 IS
- $
0.04 $
- $
-
$ 2.64
IS 0.27 $
0.93 $
am $
- $ -
$ 1.28
$ 3.9E
2033
$ 0.59 $
E.00 IS
- $
0.01 $
- $
-
$ 2.64
IS 0.29 $
0.96 $
an $
- $ -
$ 1.28
S 3.9E
2034
$ 0.63 $
1.% $
- $
ads S
- $
-
$ 2.64
$ 0.31 IS
0.94 $
0.04 IS
- $ -
$ 1.28
S 3.92
2035
$ 0.68 $
1.92 $
- $
0.05 $
- $
-
$ 2.64
$ 0.33 $
0.92 $
0.04 $
- $ -
$ 1.28
$ 3.92
2036
$ 0.)2 $
1.97 $
- $
0.05 $
- IS
-
$ 2.64
$ 0.35 $
0.90 $
am $
- $ -
$ 1.28
$ 3.93
2037
5 0.]] $
1.62 $
- $
0.05 $
- $
-
$ 2.64
$ 0.37 Is
am $
0.04 $
- $ -
$ 1.28
$ 3.9E
2038
5 0.8E $
1.76 $
- $
am $
- $
-
$ 2.64
$ 0.40 $
ass $
ON $
- $ -
$ 1.28
$ 3.9E
2039
$ 0.89 IS
1.73 $
- 5
M05 $
- $
-
$ 2.64
$ 0.43 $
0.8E $
ON $
- $
$ 1.23
$ 3.91
2010
$ 0.94 $
1.65 $
- $
NO S
- $
-
$ E.64
$ 0.45 $
M79 $
0.05 $
- $
IS 1.28
$ 3.93
2041
$ 1.01 IS
L58 $
- $
am $
- $
-
$ E.64
$ 0.48 $
0A6 IS
am $
- $
$ 1.23
$ 3.92
204E
IS 1.01 $
1.51 $
- $
am $
- $
$ 3."
$ 0,52 $
0.72 $
Oq $
- $
$ t26
$ 3.92
2043
$ 1.15 $
1.43 $
- $
0.05 $
- $
$ 3.64
$ 0.55 $
0.69 $
a. $
- $
IS 1.28
$ 3.92
2064
$ 2.23 $
US IS
- $
0.05 IS
- $
-
$ 2.64
IS 0.59 $
0.65 IS
0.01 $
- $ -
$ 1.28
$ 3.9E
2045
$ 1.32 $
1.27 $
- $
DDS $
- $
$ 2.64
IS 0.61 5
0.61 IS
am $
- $ -
$ 1.29
$ 3.9E
2"6
$ TAT $
1.18 $
- $
O.M If
- $
-
$ 264
$ a" $
ass IS
am IS
- IS -
$ 1.29
$ 3.92
Asset
$ 1.50 $
IN $
- $
am If
- IS
-
$ 2'.
$ at, $
0.52 IS
OAS IS
- IS -
IS 1.28
$ 3.92
EOee
$ 1.61 $
0.97 $
- $
0.06 $
- $
$ 1."
$ 0.77 IS
047 $
am $
- $ -
IS 1.29
IS 3.92
2049
IS 1.72 $
0.96 $
- $
0.06 $
- $
-
$ 2.64
$ 0.82 $
Dal IS
0.05 $
- $ -
$ 1.28
$ 3.92
2050
IS 1.84 $
0.74 $
- $
am $
- $
$ 21"
$ ass $
0.35 IS
0.05 $
- $ -
$ 1.28
$ 3.92
2051
5 1.96 $
0.61 $
- IS
0,06 $
- IS
-
$ 2.64
$ am IS
0.29 $
0.05 $
- $ -
$ 1.28
S 3.92
2057
$ 2.10 IS
OA) IS
- IS
0.07 $
- IS
-
IS 2."
$ 1.01 S
0.23 IS
0.05 $
- $ -
$ 1.281
$ 3.92
2053
$ 2.25 $
0.33 $
- $
0.07 $
- $
-
$ 2.64
$ 1.0 S
0.16 $
0.05 $
- $ -
$ 1.28
IS 3.92
214
$ 2.40 $
0.1) $
$
00] $
$
(2.60)
$ mid
$ 1.15 $
am $
am $
I1.E51 $
$ 0
$ 0.07
Tp41
$ 31.Ham,
$
44.94 $
13.961 $
I.M $
0.14 $
(E.60)
$ 71.33
$ 15.1E $
EOA2 $
l.la $
(IS3) $
$ 3SA6
$ 106A0
Mn teal Wachs. Ceps were tall a8y funded at bond string and while kvled he Mnu al Col lector Ceps eom
In the coin, years
[a1 The Delinquency and Prepayment Reserve Aco unl was partially funded at absbg. Additional Interest shall be mBeated on the Millal Major improaement Bonds when she Delinquency and Prepayment
Reserve Account Is below 2.5%of the pat amount arise InMal Major "florescent Bonds.
(dl Fadudesihe TIRE Annual Gedit"ountwMch wBl beokulatedannualM in each MnmlServoe Plan Update. The figures shown above are estimates only and subject to Mange In Dermal Service Plan
Updates. Changes In Annual Collection Costs, Me collection cdAddhanal lnlerefl reserve fund requirements, Interest earnings, Prather avallable offiets could increase ordeveate the amounts shown.
(el Preliminary Bsllmale.Coge1fi0m far Reimbursement Dietetics will begin fallowing Additonal Major Improvement Assessments Tugger Date.
in Interest on the Reimbursement Obllgalbn Is calculated at rate o17.0016 which Is less than 2%a1ove the highest average to of the S&P Manldpal Wish yield Indea which was ISM for October 2024. as
required by the PIDAcl. Ir PID Bonds ne &sued, the Wessels ate on the Assessmentw0adjup to the Intermte a on such %0 Bonds plus the Additional Interest. The fire Interest paymentlnduded Inrhe
Addlll.nal Malor lmpfovemena Annual Insatlmenr due 113112026Is projected based upon the Issuance of Additional Major improvement Bonds In 2023.
is]Assumes the release of serene fund money In final assessment year. If such reserve Ned money Is not available, the Mal tribal Major improvement Assessment and final Additional Major Improvement
Apeamentw181nveare.
lhl Additional Interest shall be selected upon she Issuance of the Additional Major Improvement Bonds.