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HomeMy WebLinkAboutOrdinance No. 2024-38ORDINANCE NO. 2024-38 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 Additional Major Improvements of the District (the "Additional Major Improvement Assessment Roll") that states the assessment against each assessable property (the "Assessed Property") within the District for the Additional Major Improvements (the "Additional Major Improvement Assessments"); and WHEREAS, the City called a public hearing regarding the proposed levy of Additional Major Improvement Assessments pursuant to the Service and Assessment Plan and the proposed Additional 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 Additional 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 and the Additional Major Improvement Assessment Roll attached to the Service and Assessment Plan and the levy of Additional 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 Additional Major Improvement Assessment Roll, and the proposed Additional Major Improvement Assessments, and to offer testimony pertinent to any issue presented on the amount of the Additional Major Improvement Assessments, the allocation of the costs of the Additional Major Improvements Projects, the purposes of the Additional Major Improvement Assessments, the special benefits of the Additional Major Improvement Assessments, and the penalties and interest on annual installments and on delinquent annual installments of the Additional Major Improvement Assessments; and WHEREAS, the City wishes to levy Additional Major Improvement Assessments on the property within the District for the Additional 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 Additional Major Improvement Assessment Roll attached thereto should be approved and that the Additional Major Improvement Assessments should be levied on property within the District as provided in this ordinance and the Service and Assessment Plan and Additional 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 Additional Major Improvements, the Additional Major Improvement Assessment Roll or the levy of Additional 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. 2 Section 3. Findings. The City Council hereby finds, determines and orders, as follows: a. The apportionment of the costs of the Additional 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 Additional 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 Additional Major Improvements. C. The Service and Assessment Plan apportions the costs of the Additional 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 Additional 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 Additional Major Improvement Assessment Roll will be benefited by the Additional 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 Additional Major Improvement Assessments equal to or greater than the total amount assessed. e. The method of apportionment of the costs of the Additional Major Improvements and Annual Collection Costs set forth in the Service and Assessment Plan results in imposing equal shares of the costs of the Additional Major Improvements and Annual Collection Costs on property similarly benefited, and results in a reasonable classification and formula for the apportionment of the costs. f. 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 Additional Major Improvement Assessment Roll in the form attached to the Service and Assessment Plan should be approved as an assessment roll of the District. h. The provisions of the Service and Assessment Plan relating to due and delinquency dates for the Additional Major Improvement Assessments, interest on Annual Installments, interest and penalties on delinquent Additional Major Improvement Assessments and delinquent Additional Major Improvement Annual Installments, and procedures in connection with the imposition and collection of Additional Major Improvement Assessments should be approved and will 3 expedite collection of the Additional Major Improvement Assessments in a timely manner in order to provide the improvements needed and required for the District. 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 Additional Major Improvements within the District. Section 5. Assessment Roll. The Additional Major Improvement Assessment Roll is hereby accepted and approved pursuant to Section 372.016 of the Act as the assessment roll for the Additional Major Improvements within the District. Section 6. Levy and Payment of Additional Major Improvement Assessments for Costs of Additional Major Improvements a. The City Council hereby levies the Additional Major Improvement Assessments on each Assessed Property located within the District, as shown and described in the Service and Assessment Plan and the Additional Major Improvement Assessment Roll, in the respective amounts shown on the Additional Major Improvement Assessment Roll, as special assessments on the properties within the District as set forth in the Service and Assessment Plan and the Additional Major Improvement Assessment Roll. b. The levy of the Additional 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 Additional Major Improvement Assessments shall be as described in the Service and Assessment Plan. d. Each Additional Major Improvement Assessment may be pre -paid or paid in Additional Major Improvement Annual Installments pursuant to the terms of the Service and Assessment Plan. e. Each Additional Major Improvement Assessment shall bear interest at the rate or rates specified in the Service and Assessment Plan. f. Each Additional 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 Additional Major Improvements 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 Additional Major Improvements is as set forth in the Service and Assessment Plan. Section 8. Penalties and Interest on Delinquent Assessments. Delinquent Additional 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. 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 Additional 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 Additional Major Improvement Assessments and the Additional Major Improvement Annual Installments, to constitute a covenant running with the land. The Additional Major Improvement Assessments and the Additional Major Improvement Annual Installments levied hereby shall be binding upon the Additional Major Improvements Assessed Property, and the owners of Additional 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. Additional 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 Additional 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 Additional Major Improvement Assessments. The Administrator shall perform the duties of the Administrator described in the Service and Assessment Plan and in this ordinance. The Administrator's fees, charges and expenses for providing such services shall constitute an Annual Collection Cost. b. Collector. The City shall collect the assessments of the Additional Major Improvement Assessments. The City has entered into an agreement with Galveston County for the collection of the Additional 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 Annual 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 Additional Major Improvement Assessments by the City. 5 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 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 Additional 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 0 day of November, 2024. ATT T: L TICIA BRYSCH, City SecWry APPROVED AS TO FORM: THE STATE OF TEXAS COUNTY OF HARRIS 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. /I Given under my hand and seal of office this [NOTARY STAMP] IM-410527522.3 S:ELE81�laCIA C. BRYSCH ylD *13412458-9ommission Expires nuary 3, 2027 EXHIBIT A SERVICE AND ASSESSMENT PLAN AND ADDITIONAL MAJOR IMPROVEMENT ASSESSMENT ROLL IM-N10527522.3 Friendswood City Center Public Improvement District SERVICE AND ASSESSMENT PLAN NOVEMBER 4, 2024 TABLE OF CONTENTS Table of Contents Introduction Section I: Definitions.................................................... Section II: The District .................................................. Section III: Authorized Improvements ......................... Section IV: Service Plan ................................................ Section V: Assessment Plan Section VI: Terms of the Assessments Section VII: Assessment Roll ..................................... Section Vill: Additional Provisions ............................ Exhibits...................................................................... Appendices................................................................ Exhibit A — District Boundary Map ............................ ............................. 2 .................................................... 22 .................................................... 25 .................................................... 33 .................................................... 33 .................................................... 35 .................................................... 36 .................................................... 37 ExhibitB-1— Project Costs............................................................................................................ 38 Exhibit B-2 — Fire Station —Apportionment of Costs.................................................................... 39 ExhibitC — Service Plan................................................................................................................. 40 Exhibit D — 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 2 SERVICE AND ASSESSMENT PLAN 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 Property within the District based on the special benefits conferred on such property by the Authorized Improvements. The Assessment Plan is contained in Section V. The PID Act requires an Assessment Roll that states the Assessment against each Parcel determined by the method chosen by the City. The Assessment against each Assessed Property must be sufficient to pay the share of the Actual Costs apportioned to the Assessed Property and cannot exceed the special benefit conferred on the Assessed Property by the Authorized Improvements, The Assessment Rolls are contained in Exhibit G-1 and Exhibit G-2. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 4 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 par amount 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.E and shown on Exhibit B-1, "Additional Major Improvement Bonds" means those certain "City of Friendswood Special Assessment Revenue Bonds" (Friendswood City Center Public Improvement District Additional Major Improvements Project) that are secured by the Additional Major Improvement Assessments. "Additional Major Improvements Assessment Roll" means the assessment roll for the Assessed Property of the Additional Major Improvements, as updated, modified or amended from time to time in accordance with the procedures set forth herein and in the PID Act, including updates prepared in connection with the levy of an Assessment, the issuance of PID Bonds, or in any Annual Service Plan Updates. The Additional Major Improvements Assessment Roll is included as Exhibit G-2. "Administrator" means the City or independent firm designated by the City who shall have the responsibilities provided in this Service and Assessment Plan, any Indenture, or any other agreement or document approved by the City related to the duties and responsibilities of the administration of the District. The initial Administrator is P3Works, LLC. "Annual Collection Costs" mean the actual or budgeted costs and expenses related to the operation of the District, including, but not limited to, costs and expenses for: (1) the Administrator; (2) City staff; (3) legal counsel, engineers, accountants, financial advisors, and other consultants engaged by the City; (4) calculating, collecting, and maintaining records with respect to Assessments and Annual Installments; (5) preparing and maintaining records with respect to Assessment Rolls and Annual Service Plan Updates; (6) paying and redeeming PID Bonds; (7) investing or depositing Assessments and Annual Installments; (8) complying with this Service and Assessment Plan, the PID Act, and any Indenture, with respect to the PID Bonds, including the City's continuing disclosure requirements; and (9) the paying agent/registrar and 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 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT B SERVICE AND ASSESSMENT PLAN 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. "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 5" means Assessed Property intended to be developed as multi -family housing with a corridor of retail within the District, as provided by the Owner. The buyer disclosure for Lot Type 5 is attached as Appendix B. "Maximum Assessment" means, for each Lot, an Assessment equal to the lesser of (1) the amount calculated pursuant to Section 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 SERVICE AND ASSESSMENT PLAN [Remainder of page intentionally left blank.] FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 13 SERVICE AND ASSESSMENT PLAN SECTION II: THE DISTRICT The District includes approximately 106.472 contiguous acres located within the corporate limits of the City, the boundaries of which are more particularly described on Exhibit K, and depicted on Exhibit A. Development of the District is anticipated to include approximately 76,408 square feet of building space as inline retail or food retail (Lot Type 1), 268,800 square feet of building space as mixed use (Lot Type 2), an approximately 115 keys hotel with convention space (Lot Type 3), 194,050 square feet of office/medical building space (Lot Type 4), and approximately 750,000 square feet of multifamily that includes a corridor of retail (Lot Type 5). SECTION III: AUTHORIZED IMPROVEMENTS Based on information provided by the Owner and its engineer and reviewed by the City staff and by third -party consultants retained by the City, the City has determined that the Authorized Improvements confer a special benefit on the Assessed Property. Authorized Improvements will be designed and constructed in accordance with the City's standards and specifications and will be owned and operated by the City unless otherwise noted. The budget for the Authorized Improvements is shown on Exhibit B-1. A. Initial Major Improvements I. Roadway Improvements ■ FM 528 Traffic Improvements Signalization improvements at F.M. 528 and Townes Rd. include upgrading the existing flashing traffic signal to full operation to current Texas Department of Transportation specifications. Includes the addition of a southbound left turn lane on Townes Rd. to balance the new (widening) approach to F.M. 528 northbound from the new development. Includes signalization improvements at F.M. 528 and Blackhawk Blvd. consisting of upgrades to the existing traffic signal to full operation to current Texas Department of Transportation specifications with a new south leg of the intersection, and addition of southbound left turn lane at West Bay Area Blvd. where it meets with the extension of Blackhawk Blvd. to balance the new widening approach to F.M. 528 for access management purposes. The signalization improvements will be owned and operated by the TxDOT and will provide benefit to each Lot within the District. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 14 SERVICE AND ASSESSMENT PLAN ■ Phase 1 Blackhawk Boulevard Improvements Improvements include 4 lane arterial street construction to serve as an extension of the existing Blackhawk Boulevard from F.M. 528 to the southern point of the roundabout at Larrabee Way and Blackhawk Boulevard and includes the construction of the roundabout. The extension will provide connection to Larrabee Way, as well as multiple local streets and is calculated to be approximately 3,512 square yards of roadway construction. Also includes the addition of a southbound left turn lane on Blackhawk Blvd. to balance the new (widening) approach to F.M. 528 for access management purposes. The Phase 1 Blackhawk Boulevard Improvements will provide benefit to each lot within the District. • Phase 1 Townes Road Improvements Includes the construction of 4,276 square yards of reinforced concrete street to include subgrade and a roundabout at the intersection of Townes Road and Larrabee Way, that serves as a continuation of the existing Townes Road located north of F.M. 528. The construction of the new section will begin at F.M. 528 and terminates at Larrabee Way at the southern end of the roundabout at Larrabee Way. The street improvements will provide benefit to each Lot within the District. • Phase 1 Madison Avenue Improvements Includes the construction of 1,543 square yards of a reinforced concrete street to include subgrade that will provide 2 travel lanes beginning at F.M. 528 and terminating at the 4-way stop at Larrabee Way. The street improvements will provide benefit to each Lot within the District. ■ Larrabee Way Improvements Includes the construction of 2 lanes, 12,275 square yards, of a reinforced concrete street to include subgrade which will transverse perpendicular to Madison Avenue and includes a 4-way stop at the intersection of Madison Avenue and Larrabee Way. The street improvements will provide benefit to each Lot within the District. II. Earthwork, Paving and Grading ■ Phase 1 Earthwork, Paving and Grading Improvements include erosion control measures, earthwork, subgrade stabilization, concrete pavement with curb, concrete sidewalk with ADA ramps, signage, lighting, and construction testing relating to the street and roadway improvements described above. Improvements also include the excavation related to the Phase 1 Storm Drainage improvements, Detention Pond 1 and Detention Pond 2, along with the hauling and removal of dirt. In addition, there FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT is SERVICE AND ASSESSMENT PLAN will be sidewalk improvements for the benefit of walkability within the site, as well as better access from F.M. 528 for pedestrian traffic. Only a portion 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 W-, . I lmmm. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 16 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 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 SERVICE AND ASSESSMENT PLAN I SECTION IV: SERVICE PLAN 1 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 SERVICE AND ASSESSMENT PLAN ■ 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 SERVICE AND ASSESSMENT PLAN 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-Prepaymentibi: 800 $ 8,000.00 $ 10.00 Footnotes: [a] The Maximum Assessment per square foot is $10.OD. ]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 Citythe 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 FRIENDSWOOD 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 VII: ASSESSMENT ROLL The Assessment Rolls are attached as Exhibit G-1 and Exhibit G-2. The Administrator shall prepare and submit to the City Council for review and approval proposed revisions to the Assessment Rolls and Annual Installments for each Parcel as part of each Annual Service Plan Update. SECTION Vill: ADDITIONAL PROVISIONS A. Calculation Errors If the owner of a Parcel claims that an error has been made in any calculation required by this Service and Assessment Plan, including, but not limited to, any calculation made as part of any Annual Service Plan Update, the owner's sole and exclusive remedy shall be to submit a written notice of error to the Administrator by December 1st of each year following City Council's approval of the calculation, Otherwise, the owner shall be deemed to have unconditionally approved and accepted the calculation. The Administrator shall provide a written response to the City Council and the owner not later than 30 days after receipt of such a written notice of error by the Administrator. The City Council shall consider the owner's notice of error and the Administrator's response at a public meeting, and, not later than 30 days after closing such meeting, the City Council shall make a final determination as to whether an error has been made. If the City Council determines that an error has been made, the City Council shall take such corrective action as is authorized by the PID Act, this Service and Assessment Plan, the applicable Assessment Ordinance, the applicable Indenture, or as otherwise authorized by the discretionary power of the City Council. The determination by the City Council as to whether an error has been made, and any corrective action taken by the City Council, shall be final and binding on the owner and the Administrator. Any action by the City Council shall not impair the rights or security for bondholders of the PID Bonds. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 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 EXHIBIT A - DISTRICT BOUNDARY MAP •OD OVERVIEW IAP: CITY CENTER PIT _ 166.11E ACRES ,I.hI u,oa ma. on w-524 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 37 SERVICE AND ASSESSMENT PLAN EXHIBIT B-1- PROJECT COSTS Initial Major Improvements FM 528 Traffic Improvements $1,200,000 0.00% $ - 30C.00% $1,200,000 Phase i Slackhawk Boulevarde Improvements 240,923 0.001"1 - 100.00% 240,923 Phase l Townes Road Improvements 271,984 0.00% - 10D.00% 221,984 Phase l Madison Avenue Improvements 98,159 0.00% - 300.OU% 98,159 Larrabee Way Improvements 817,556 0.0014 - 100.00% 817,556 Phase l Earthwork, Paving a nd Grading 649,296 36.51% 237,253 63.49% 412,543 Clare ring, Grubbing and Demolition 3,226,758 22.93% 2,353,150 22.02% 873,609 Detention Pond 1 14,761,896 5.27% 228,095 94.23% 13,983,801 Detention Pond 2,018,422 0.0014 - 300.00% 2,018,422 Phase l Storm Drainage 5,144,261 0.0064 - 100.00% 5,144,261 Contingencyal 3,695,875 0.00% - I00.0004 3,695,875 Soft Costst4 1,714,512 9SA6% 1,631,502 4.84% 83,010 $ 33,840,192 $ 5,000,000 $ 28,840,198 Additional Major Improvements Phase 2 Blackhawk Blvd. Improvements $3,703,530 0.00% $ - 10000% $3,703,530 Phase 2 Townes Rd. Improvements 323,993 0.00% - 100.00% 323,993 Phase 2 Madison Ave. Improvements 213,654 0.0036 - INGO% 213,654 Bennett Blvd. Improvements 804,530 0.00% - 1C0.0U% 804,530 Phase 2 Earthwork, Paving & Grading 1g17,727 0.0096 - 100.00% 1,417,727 Water 1,002,036 0.00% - 100.00% 1,D02,036 Wastewater 862,879 0.0014& - 10D.0D% 862,879 Sanitary Sewer lift Station 1,330,700 0.00% - 300.00% 1,330,200 Phase 2 Storm Drainage 179,101 0.00% - 100.00% 179,101 Landscaping, Parks and Amenities 5,597,472 0.00% - 100.01 5,597,472 Fire Station1e 8,300,000 82.52% 7,268,310 12.43% 1,031,00 Contingenry0 2,141,400 0.00% - 100.00% 2,143A00 Soft Costshl 2,981,848 0.00% 100.OD% 2,981,948 $ 28,863,870 $ 2,268,310 $ 21,595,560 Initial Major Improvement Bondlssuonce Casts 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 $ 10,990,193 $ - $ 10,980,183 AdditlonolMajorlmpreve.ant Bonditsuance Costs M Delinquencyand Prepayment Reserve Fund $ 443,650 $ - $ 443,650 Debt Service Reserve Fund 1,470,400 - 1,420,400 Underwriter Discount 532,380 - 532,380 Cosloflssuame 862,922 862,922 $ 3,309,352 $ - $ 3,309,352 Other Casts Deposit to Administrative Fund $ 363,465 $ $ 363,465 $ 363,465 $ - $ 363,465 Total $ 77,357,062 $ 12.268,310 $ 65,088,757 Footnotes: ]a] Costs were determined by the Er:glneer's Report attached hereto as Appendix A. (bj Funding for the Non -District Costs are being provided by other lawfully available revenue of the City and will not relmbursad 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. (it] Includes District Formation Expenses, professional s mlces fees related to drainage and Bond mitigation, Land Planning, Design, Engineering, Geotechnlcal Engineering, and Surveying for the Initial Major Improvements. je] Apportionment of Costs for the Fire Station is based on the estimated Assessed Valuation for the District as a percentage of the City's 2023 Assessed Valuation. (1) Calculated at 13%of hard construction costs for the Additional Major Improvements as approved by the City. jg] Includes professional services fees related to Engineering, Geotechnical Engineenn& Surveying, Land Planning and Design of the Additional Major Improvements. IN Preliminary estimates. Actual costs will be determined at the time of bond Issuance for the Additional Major Improvements. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 38 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 Principal Interestul Capitalized Interest Additional lnlerestiai Annual Collection Costs"' Total Annual Installment Due EXHIBIT C - SERVICE PLAN $ - $ - $ 468,000 $ 499,000 $ 533,000 2,066,792 2,583,490 2,583,490 2,550,730 2,515,800 (2,066,792) (2,581,490) (1) $ - $ - $ 3,051,490 $ 3,049,730 $ 3,048,800 (2) $ - $ 45,900 $ 46,818 $ 47,754 $ 48,709 (3) (4)-(1)+(2)+(3) Addhb wl Mo(orlmprovemenfs Refmbursement Obligaton Principal Interestlo (4) $ $ 45,900 $ 3,098,308 $ 3,097,484 $ 3.097,509 $ - $ - $ 226,000 $ 244,000 $ 260,000 879,906 1,242,220 1,226,4W 1,209,320 $ - $ 879,W6 $ 1,468,220 $ 1,470,400 $ 1,469,320 Additional lnte ost(n (5) $ - $ - $ - $ $ ' Annual Collection Costs (6) $ - $ 35,7W $ 36,414 $ 37,142 $ 37,885 Total Annual Installment Due (4) = (1) + (2) + (3) $ $ 915,606 $ 1,504,634 $ 1,507,542 $ 1,507,205 Footnotes: (a] Calculated at the rate on the Series 2024 Bonds plus Additional Interest. [b]Additional Interest shall be collected on the Initial Major Improvement Bonds when the Deline ency and Prepayment Reserve Account Is below 2.5%of outstanding bond par. (c] The Annual Collection Costs were Initially funded at bond closing and while levied the Annual Collection Costs component of the Initial Major Improvement Assessment will not be collected in the early Years but the City will resume collection of the Annual Collection Costs once the Administrative Fund balance Is reduced to $20,0111 (d] Interest on the Reimbursement Obligation Is calculated at ante 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 rate on the Bonds plus the Additional Interest. [e] Additional Interest will be collected if Additional Major Improvement Bonds are issued. fin. - FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 40 SERVICE AND ASSESSMENT PLAN EXHIBIT D - SOURCES AND USES OF FUNDS I Initial Major Improvement Bonds Additional Major Improvement Reimbursement Obligation"" Non -District Sourcesibi Owner Contributioni`i Total Sources of Funds Major Improvements Non-PID Improvements Total Improvements Initial Major Improvement Bond Issuance Costs Delinquency and Prepayment Reserve Fund Debt Service Reserve Fund Capitalized Interest Underwriter Discount Cost of Issuance Additional Major Improvement Bond Issuance Costs[°I Delinquency and Prepayment Reserve Fund Debt Service Reserve Fund Underwriter Discount Cost of Issuance Other Costs Deposit to Administrative Fund Total Uses of Funds - 17,746,000 5,000,000 7,268,310 3,241,846 7,193,911 $ 45,148,846 $ 32,208,221 $ 36,907,000 $ 17,746,000 12,268,310 10,435,757 $ 77,357,067 $ 28,840,198 $ 21,595,560 $ 50,435,757 $ 5,000,000 $ 7,268,310 $ 12,268,310 $ 33,840,197 $ 28,863,870 $ 62,704,067 $ 639,210 $ - $ 639,210 3,051,490 - 3,051,490 4,650,282 - 4,650,282 1,107,210 - 1,107,210 1,531,991 - 1,531,991 $ 10,980,183 $ - 10,980,183 $ - $ 443,650 $ 443,650 - 1,470,400 1,470,400 - 532,380 532,380 - 862,922 862,922 $ - 3,309,352 3,309,352 $ 328,465 35,000 $ 363,465 $ 328,465 $ 35,000 $ 363,465 $ 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. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 41 SERVICE AND ASSESSMENT PLAN EXHIBIT E -MAXIMUM ASSESSMENT AND TAX RATE EQUIVALENT FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 43 SERVICE AND ASSESSMENT PLAN EXHIBIT F -TIRZ MAXIMUM ANNUAL CREDIT AMOUNT F.1.1: Is) Lot Type 3 short e W Mlent to numberof Eqx Ib]The TRZ Nw l Nnml C¢6t for the Initial Major Improvements is cakubted en she, lnNal Major Improvements Mnwl Installment. Ic)The TIRZ td Amual Qe6t for the Adiillonal Maor I.Wovemenls I ..ktialed on sbe AddNonl Major lmpovements Mnml IretalLnent. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 93 SERVICE AND ASSESSMENT PUN EXHIBIT 6-1- INITIAL MAJOR IMPROVEMENT ASSESSMENT ROLL Footnotes: Iaj Totals may not match the 0.1 OoteldMl, Assessment ask Annual Installment due to rounding. Ibj Interest halmlated al the rateeilhe Initial Major Improvement Bonds. Principal on the Initial Major Assessment Bonds Is paid by Capitallied Interest for the Installment due 1131/2025. Interest for each year of the life of the India Major Improvement Anesement is depicted In Exhibit c 3. jcj Additional Interest Included but use collection is due forth. 1/31/2025 installment date; howeveAdditional Interest shall be collected beginningwM1h the Annual Installmentdue 1/31126 and shall becoBected when the Delimluenry and Prepayment Reserve Fund is below 2.5%of the paramount of the Initial Major Improvement Bonds. Idj Annual Collects [on Coslsoll be assessed each year based on actual costs to administer the Matdct. lei The Initial Major Improvement Assessment Roll depicted here slaws the Initial Major Improvement Assessment due 1/3112025.The levy of the Inkal Major Improvement Assessment Is for a period of 30 years begimin,in 2025 through 2054In the total prindpI amount of $37,500,001 plus Interest on the Inkial Major Improvement Balls, Additional Interest ad Mnuat Collection Cost, Exhibit Odldentfies the IOW of the Initial Major Improvement Assessments over Ms period with Interest on the Initial Major Improvement Bonds, Annual Collodion Costs and Additional Interest. Exhibit Gd Initial Major Improvement Annual Installments Is hoolayincorporaled Into this Exhibit U3. III There is no Annual Installment due 1/31/2025. Principal due each year for the fife of the Initial Major Improvement Assessment is depicted In Exhibit 6 3. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT rid SERVICE AND ASSESSMENT PLAN EXHIBIT G-2- ADDITIONAL MAJOR IMPROVEMENT ASSESSMENT ROLL property lD Add,.. Lm Type Acres Additional Major Improvement Outstanding (1) Assessmed" Printlpafb (N Interest" City gdditional (1) Capitallmd Interest olaj einivrmomenty hlajp Improvement (t) Additional Intem,11d) r PID Cen4ment gss¢ssmene Bdf" Is) Annual Callectlon Costsl°I (61—(1)a(3)a(3)a(<) gddilienal Mayor Improvements Annu Installment Due 1/3113p25"Dil footnotes: jai Totals may not match the total Outstanding Assessment and Annual Installment due to rounding @j The Additional Major Improvement Assessments Trigger Dale defined in the Service and Assessment Plan determines the Annual Installment Due Date for theAddilbnal Major Improvement Assessments. jcj Interest will acime on the AddiWnal Major Improvement Assessment at ante of 2.oD%pnoflo the Issuance of Add0onal Major Improvement Bonds. Upon on the issuance of Additional Major Improvement Bonds, the interest rate wtll adjust to the rate on such PIDBandsplus Addi0onallmerest. (dj Annual Colection Costs will be assessed each year based on actual costs to administer the District. lel The Additional Major Improvement Assessment Bell depicted here showsthe Additional Major Improvement Assessment due 1/31/2025. The levy of the Additional Major Improvement Assessment Is for a Permit of 30 years beginning in 2025through 20511n the total principal amount of$1),B2;t0e.00 plus interest On the Additional Major Improvement Bonds, Additional Interest and Annual Collection Costs. Eahlblt Gd Identifies the levy of the Additional Major Improvement Assessments overthls period with interest on the Additional Maier Improvement Bond, Annual Cdlection Costs and Additional Interest. Eahlblt Gd Additional Major Improvement Annual installments Is hereby Incorporated into this Exhibit 0.2. (Q There Is no Annual Installment due 1/31/2025. Collection of the Additional Major Improvement Assessment shall begin wth the collection of Annual Collection Costs and Interest due 1/31/2026. Principal due each year for the are of the Additional Major Improvement Assessment Is depicted In Exhibit G3. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 45 SERVICE AND ASSESSMENT PLAN EXHIBIT G-3 - ANNUAL INSTALLMENTS J lal uanH�e[aeaneexarxex�mn IbldneM..en [oemwn[auwafe au4ryMa[axmnarlotpaM+Mae W[aafe Mew![o!Veabmm�aromponrl Nue!wx Mapr!mpwmmafstntmeMwaeatr.eMielhueeaMYaaablue[M'rvxrnane M'�ibn NafaMniulCWnCaitattOrc<Ue MnFbVYNe MEbYaxeb IMUNra $A,[9t. BaM. ..Cy In eaNMneY ien%e Wnll[Jrte.iMfyvetalroan almeaentinal o[d[aMaab'Mroctan[e6rMnutlYM[efYn YpLam[AaYn�n Mnvl nelurirw�rnnnva. mereneamTe. oeoaM a.WMe Want[eutl NveaaeaGaaerteaMa+auttaAonn l ba/IOl6e PNMMEnMyonaAe XtwrcexfiYw�a+rMya Mpmemmaxman Nn. reer+imVarnnr vedrnervelW nwmrinfinalaunsmmaaear.tlfarM1rnervet✓AmorMb rolseYatle.N<lnYlni4lMYpr MpanmmaYsnrmenlaMlnYMYtnoal A4jar lmPwengaabtesrnieMHHreare. ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 46 SERVICE AND ASSESSMENT PLAN EXHIBIT H - MAPS OF INITIAL MAJOR IMPROVEMENTS AND ADDITIONAL MAJOR IMPROVEMENTS �.�.1. \3� '— i I i i MGA mau.,ewv..a IRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 47 SERVICE AND ASSESSMENT PLAN �\ I y4 FXN ; FRIENDSWODO CITY CENTER PUBLIC IMPROVEMENT DISTRICT 48 SERVICE AND ASSESSMENT PLAN I - i I. .� w lWA1 ill t .SJ[LSf,L.e s I I I 1 Sr I S L l FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 49 SERVICE AND ASSESSMENT PLAN i f-7 (li�+A rrVF. p. ExR � FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT SO SERVICE AND ASSESSMENT PLAN I -tom II J I ��� �� ♦tom mow: FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 51 SERVICE AND ASSESSMENT PLAN F -- - - - - - I, G .wwyTww A �-e ♦1 v e� ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 52 SERVICE AND ASSESSMENT PLAN � . � �� t ! --- �-�v rv..ieeana.swa ry.,m 'euusnx � _ .\ A I ZZAI^ Yw I I r T° -'�_' - MGA i MSluluuY _��: ipiFIpM094IYRN1Ex A. TRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 53 SERVICE AND ASSESSMENT PLAN ' � r l CV7• ^MS4T9i 1 1>iRC .JIRjV . [ \1 ViGA roeww CIWUnw SMFI F%N f FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT SQ SERVICE AND ASSESSMENT PLAN i� ;! MGA► sni i FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 55 SERVICE AND ASSESSMENT PLAN LEE ✓� IL NWA rr Ot I ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 56 SERVICE AND ASSESSMENT PLAN I �n 'J >/ 1j MGA Al' n.luruun -[��� vwr u.rewumwmc. o> � ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT ST SERVICE AND ASSESSMENT PLAN MT7 IRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 58 SERVICE AND ASSESSMENT PLAN ese�Yar- i Jr 3 ( eye ".- r� MGA ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 59 SERVICE AND ASSESSMENT PLAN MGA FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 60 SERVICE AND ASSESSMENT PLAN �- /. f✓STI �-. I j � l MGA FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 61 SERVICE AND ASSESSMENT PLAN ` !U mgg �\ S MICA \\ �. NFSIYt W.MWj�% ACMfMttVfMRM1U �l FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 62 SERVICE AND ASSESSMENT PLAN .. � 1\``� —_ - - - - - - ? -.,.-ifs""'-✓----,'--,�r�'.,"` �\�\I'//�i�j MSI M_iMGLLY9;��%rl� IPofWNAIM[M[[MIFx ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 63 SERVICE AND ASSESSMENT PUN MGA I FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 64 SERVICE AND ASSESSMENT PLAN EXHIBIT I — FORM OF NOTICE OF PID ASSESSMENT TERMINATION I 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 foiward 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 1-1- DEBT SERVICE SCHEDULE FOR INITIAL MAJOR IMPROVEMENT C101-1' 11111 Fdimmed Told Len Nel --- ---- PID ------ mj Intend Debl Caplla llzed Debt Addlllonal Admlo8lnllre AnnuaI A.... 3lmudb Pdnd"I Rde lu•ere•4 Sen(e. lnlenal Sertln lulorelt ree" Ae9uiremenle j 9r12023 S 2,066,792.W $ 2,066,792.00 5(2,066,792 00) S - S - S - $ - 9; 1r2026 2,583,490.00 2,583,49000 (2,583,490,M) - 45,90.0 45,900.0 9;112027 S 468,000.00 7.00% 2,583,490.W 3,051,49000 - 3,051,490W 46,318.0 - 3,098,303.00 9N202S 499,000.00 7.OMi 2,550,730.00 3,049,730.0 - 3,049,730.00 47,754.36' - 3,097,43436 9•V2029 533,000.00 7.W% 2,513,8000 3,048,8O.W - 3,048,8O,W 48,709.45 - 5,07,50.45 9%1,2030 570,000.00 7.OM$ 2,478,490 W 3,048,490.00 - 3,049,490 W 49,683.64 - 3,098,173.64 9iV2031 09,O000 7.CMA 1,438,590.00 3.W7,390.W - 3.017,590O 44.599.55 6,077.67 3,093,267.22 9112032 650,O0.W 7.W% 2,395,960.00 3."5,960.00 - 3,045,960.00 - 31,690.36 3,097,630.86 9112033 693,W0.00 7.W3i 2,350,460.W 3,013,4O.W - 3,W5,460.00 - 32,724.67 3,098,184.67 9112034 742,O0.00 7.O•A 2,301,8100 3,043,810.0 - 3,043,S10.W - 33,779.17 3,097,589.17 9.'P2035 793,WO.W 7.0% 2,249,870,0 3,042,870W - 3,042,870 0 _ 54,854.75 3,097,724.75 9N2036 347,W0.W LOMi 2,194,30,00 3,011,360.0 - 3,G1,360.00 55,93134 3,097,311.24 9'12037 906,000.00 20Mi 2,133,070.0 3,041,0700 - 3,041,070.W - 37,070.38 3,098,140.88 9'112038 968.00W ] OM 2,071,630.W 3,039,650.W - 3,039,650.0 - 58,212.30 3,097,862.30 91 1039 1,034,00.0 7.00% 2,03,890.0 3,037,890.0 - 3,037,890.W - 59,376.54 3,097,266.34 9 12010 1,106,000.O 7.0:1 1,931,510 00 3,037,510.0 - 3,037,510.0 - 60,564.08 3,093,074.08 912041 I,I82,0O.O 7.0% 1,354,090.0 3,036,090.0 3.036.090.0 - 6117536 3,097,865.36 9'12W2 1,263,00.0 7.0% 1,771,350.0 3,034,350.0 - 3,034,350.0 - 63,010 86 3,097,360.86 91,2043 1,351,00.0 7.ODA 1,682,940.0 3,033,940.W - 3,033,940,0 - 64,271.02 3,093,211.08 9'12044 1,444,00.W TWN 1,588,370.W 3,032,370.0 - 3,032,370.0 - 65,556.50 3,097,926.50 9'12043 1,i43,CW.W 7.00% 1,487,290.W 3,031,2W.W - 3,031,290.0 - 66,86763 3,093,157.63 9 V1046 1,650,00 00 7.0% 1,379,210.W 3,029,210.0 - 3,029,210.00 - 68,20499 3,097,414.99 9'V2047 1,764,00.00 7.WS 1,263,710.0 3,027,710.0 - - 3,027710.0 - 69,569.09 3,097,299.09 9 1,2048 1,3$6,00.0 2W:9 1,140,230.0 3,026,230.W - 3,026,230.0 - 70,90.47 3,097,190.47 9: 12049 2,017,O0.W 7.0% 1,008,210.00 3,025,210.0 - 3,025,210.0 - 72,379.63 3,097,589.68 9112050 2,157,O0.W 7.00% 867,020.0 3,024,020.W - 3,024,020.0 - - 73,82717 3,07,847.27 922051 2,306,O0.00 7.W5$ 716,030.0 3,022,030.W - 3,022,030.00 - 73,303.82 3,07,333.82 9112032 2,40,WO.W 7.034 554,610.W 3,020,610.W - 3,020,610.W - 76,809.89 3.0 7,419.89 9112053 2,637.M,W 7.00R 381,990.0 3,018,990.0 - 3,018,990.0 - 73,346.0 3,097,336,09 9fl2034 2,520,00.W 7.09i 197,4W.00 3.017,4WW 3,017,4O.W 79,913.01 3.07,31301 Tolaln S 36,907,000.00 552,744,411.00 589,01,411,00 S(41650,mmo) $85,001,130.00 S233,466.00 SI,497,098,48 586,781,693.48 \Ia:Imum Aunual Debt Sen4a 53,051,490.00 Ar..... Annual Debl Sentry S 2,988,3$0.40 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 68 SERVICE AND ASSESSMENT PLAN EXHIBIT J-2- ANNUAL INSTALLMENT SCHEDULE FOR ADDITIONAL MAJOR IMPROVEMENT REIMBURSEMENT OBLIGATION J C14HMrJ mr4ln SIW.IAnmmn!...... MJ.,S rAr�J04{ (CI4 CrJx R4141nlmrmnrlM�Jr!-MIITn r1 lid- {m rxnJAna lrv]u0 4Xvr:J 4rN 5rMrr Rrlv4r nrur fill " S4alxee.U..... 4\ IaY4uR1 lxtl Rrm Ha41 val Arllnrai larrrn: OrN CVIWIrJ Ur\! 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IA.MJfC 1. ytm}sow 4101. 14Anvn YYu v!j 4,N1$JIPo II P.Mlli ±W.f 1,e3),XCN Ituj:JM - 11u]RM � 1}}I11C 1.!11 t1L IC ),N!31111 bMi]:i 91 i.'F19 •6a!Sllw ll!!,SLI [0 1)1.(MN 1!1,0 )N i(C. )[h ]!I:GM )S]J�ICN laEl}5w I,a51hYM 1,lEIjIJW 1,151,SIh rC ujll l5 43j1L11 1]:;11113 I):1, ]ul}Ulf 3.N'.SSs ); 16N])9Y ih+LU1 ]9t u'. ]9�ST f l:(19 !N)PVIN 49 w 1M. 941}Nw I,aWjNN liN !%W 4,1111E 1"f7Cl 1131 aE l fi}HM +W;G31)C :' t,fa!)!IM !II.CNM IM. 9) tk?),'fl li .11l- VA13 fl%u If+)3lIM :<9AA.Po If0. 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IIIIANM iMt Jb)]ICM 1u4}I:M I.du]wM Hull . !...... I.: Y ]l1Y ](9J,491i l,N;�U 9I !0,!M ll Nil T(44 IItF ICM I,M3A ION I.alf)(f a) 1}:S,Sa11f 1,MIj}549 !fG.l11 fJ 9,1!9 4 91Y14 terry: 1.1' 11N ! 1 Stlw 4NItJ1.]bs.M 1_r.NIN "Mi'llM 1 1y111.M)M W1 ur(Cf9 [J{1NF15.11 I4N)NN iMl S li'llmJRU S - 4 II.tuNAl) ll.MlS ! -3 1 uju}u. ) 4 14N SnAil 11fy1 ]t 3 aAi-)N SWInen Avavrl YrN Sr 4 10 i . I,IdP�1rM+mrwy. Ann N.Yva rl OrN Srrd�u 1 I.UI,JILu FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT SERVICE AND ASSESSMENT PLAN 69 EXHIBIT K- DISTRICT BOUNDARY DESCRIPTION Exhibit "A" District Boundaries MGTES AND BOUNDS DESCRIPTION 100 472 ACRES (4,037,000 SQUARE FEET) SARAN MCKISSICK LEA01,1E. A•n4e CITY OF PRIC:NDSWOOD I IARRh3 COUNTY, TEXAS . floor or Parcel containing WE 472 acres (4,a3y,0o0 oauma feet) of land situated Sarah MOK1.61cR Longue. Abstract Numbs, 64e, Harrl. County, To.".; baing all ulrlclad Rasorvas 'A' and 'C'. CLEAR CREEK COMMUNITY CHURCH IDSWOOD, a su6dlvlelon plot of record at Film Code No. Og1001. Ilmrlfi County lownls (11 O M.N.), being the residue of a called 13b ]]8 actor [Foci of land Find to Clear Croak Community Chu.On a. drimm ad by dead ,..aided undo, County C o.'said lo°OaaI lucid p=yC No Fears IV sU ee follows (besl oriuto file Tarn" Shori Coordlnala Syslum of 191313, South Control Zone 4204, US Survey Fool. BEGIN141NO at a W,Flu , Iron rod whit cep sulupped'001 PARTNERS' found on Ibu umvcd southerly IlghDoLw en(R.O.W3 Fine of F.M. eye (12O Foal wide) peed nuking the nodhety common comer ofT CLEAR CRFFK CHURCH sold iron," .I. for the northwest el corner nof he heroin doe nbod lied: NITY THENCE, Nodhmstefty, an arc distance of 311.32 feat along field ...Marry R o.W, fine and . curve to the right. having a radius of 1,840.00 fact. a control angle of 09-41'3e', and a chord wM1ICM1 bane North ]8"21'4.' East. 310.94 fast to a point of bn.nry, from which u dial... had To... Do unlre. l of Tronsaonsllon (TXDDT) aluminum Ulak found bents South n1-fie' Easl, g.0e laal; T1 IENCF_. North 81"12.37- East. along sold souglerl ^R.O.W. line. at 00 40 feel passing a NB -Inch Iron rod found marking the northeast coe of said Restricted H6.0rva 'A•, continuing In ell for a toml distance of 1,772.42 feet to . of .M.1; Iron rud found at the base or a concrete pad and merkln0 Iho runth..1 corn., of o cetied 28.0270 mus Trod of lent) conveyed to Clear Creak I.S.D. as dawnbad by dose recorded under H.C.C.F No. P610e200; said Iron Ind for Iho oadhnnel corm, of the heroin described Iraq; THENCE, South 00'47'23' East. depvlin0 said ...toady R.O.W. fine. a1 1,289.38 feel m ..fled passing a Wo.locls Iron rod found marking Ise westerly common corner or said 20.0270 n Imand n ..d 10.0000 acre beer of lend nvoyad to Cie., Greek I IS D. as described by dead recorded nuclei H C.O.F. No, P696202, continuing In .11 1., a Wlol distance of 2, 190,65 loot to a 616.Ino r Iran rod with Cap sbmPed'RPLS 3074' Found an the nodl.w.fiImr, ROW Ilse of a He'll- County Flood Control District drainage onl (160 foot wide) as described by dead. recorded under H.C.C.F, No(s). E 440580 enil X304002; saki Iron 1.11 for the sohlheoat corner of the heroin dueoril e" Iraq; Ediibit "A "Page I Page 348 of 353 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 70 SERVICE AND ASSESSMENT PLAN METES AND BOUNDS DESCRIPTION 106.472 ACRES (4,637,000 80. FT.) PAGE 2 OF 4 THENCE, South 38"20'29' West, along sold northwesterly R.O.W. line, a distance of 877.99 feat to the call meander line of mean higher water for Clear Creek .s par survey prepared by Stephen Blaskey. LSLS, dated October 9, 2015 and for the most southerly corner of the hereln described tract; THENCE, along said mean higher water line of Clear Creels, the following courses and distance.: North 21" 17'2W West, a distance of 80.86 feel to an angle point; North 04'22'12" Wast, a distance of 216.130 feel to .n angle point; North 32141.57" West, a distance of 184.39 feet to all angle point; North 51'06'03" West. a distance of 159.93 feat to an angle point; North 74°03'08" West, a distance of 164.71 feet to an angle point; South 40'02'49' West, a distance of 44.69 feat to an angle point; North 73"53'13" West, a distance of 47.60 feet to an angle point; South 49"24'27' West, a distance of 89.87 feet to an angle point; North 75'14'40' West, a distance of 40.66 feet to an angle point; South 43663'60' West, a distance of 146. 10 feat to an angle point; South 26"06'22' West, a distance of 134.50 feet to an angle point; South 83'33'17' West, a distance of 49.30 feat to an angle point; South 21022'27' West, a distance of 73.69 feat to an angle point: North 77^09'16" West, a dlahmea of 62.90 feel to an angle point; South 09'48'42' West, a distance of 48.72 feet to an angle point: Exhibit "A," Page 2 Page 349 of 353 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 71 SERVICE AND ASSESSMENT PLAN METES ANC BOUNDS Da SGRIP71ON 100.472 ACRES (4,637,900 SQ. FT.) PARE 3 OF 4 North 70"29'09" West, a distance of 06.65 real to on angle, point; North 88"50'38" West, a distance of 120.31 fact to an angle point North 70^01'47" West, a distance of 221-29 fact to an angla Point North 07^13'30" West, a distance Of 112,00 fast to an angle point North 50"40.11" West, a distance of 256.04 feat to an angle Point; North 10^00.41" West. a dlatanca of 00.00 fast to an angle point; North 05"32'33' Was,, a distance of 00,42 fast to an angle point: NortM1 23"27'30" East, a dlulanca of 67.10 fact to an anola point: North 39"20'14" East, a distance of 42.52 feat to an angla point No,th 59^5a'Oo" East, a distance of 35.59 feet to an analo polnl; South 64^03'09" East, a distance of 25.53 fast to an angle point ,tooth 03"21'49- East, a dialanca of 20.66 fast to an angle point: North 23^23'50" East, a dlatanca of 04.42 feet to an angles point; North 27"29'30- East, a distanco of 63.4B feel to an angle point North 19"02.35' East, a distance of 103.03 feat to an aniala point) North 14^30.12- rest, a distance Of 53.72 feat to all angle point: North 13^22'21" West, a distanco of 9.00 fast to an angle Point; North 15^04'35" East, a distance of 70.83 fast to an angle point; North 31^32'46' West, a distance of 52.49 fact to an angle point; Exhibit "A," Page 3 Page 350 of 353 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 72 SERVICE AND ASSESSMENT PLAN METES AND BOUNDS DESCRIPTION 100,472 ACRES (4,637.900 SQ. FT.) PAGE 4 OF 4 North 21'40'27" West. a distance of 76.23 feet to on angle point North 29"57'67' Wesl, a distance of 10.93 feet to an angle point; North 35'55'50" West, a distance of 91.39 feet to a southerly corner of Restricted R.scrve'D", CLEAR CREEK COMMUNITY CI'IURCH; THENCE, North 20-00'13' East, deporting sold mean higher high water line of Clear Crook and along the common line of said Restricted Recowes'C' and -D', CLEAR CREEK COMMUNITY CHURCH, a distance of 208.95 feet to a 5/8-Inch Iran rotl with cap stamped 'BOUNDARY ONE- RPLS 6489- set marking the most southerly comer of sold Restricted Reserve 'B' and for an angle point; THENCE, North 08"44'05- West, along the common line of said Restricted Reserves'B" and "C% CLEAR CREEK COMMUNITY CHURCH, at 608.49 feet passing the westerly common corner of said Restricted Reserves 'A' and 'C', continuing along a common line of said Restricted Reserves "A' and B' for a total distance of 854.44 feet to a 5/0-Inch Iron rod with cep stamped 'BOUNDARY ONE-RPLS 5411W set marking a common corner of said Restricted Reserves "A' and B" and for an ..of. point; THENCE. South 81"13'21- West, continuing along a common line of said Restricted Reserves "A' and 'B', CLEAR CREEK COMMUNITY CHURCH, a distance of 186.80 feel to . 5/8-In0h iron rod with Cap stamped 'BOUNDARY ONE-RPLS 5409' set marking a Common corner of said Restricted ReserVes -W and -W and for an angle point; THENCE. North 18029'00- West. continuing oiong a common fine of said Restricted Reserves "A" and 'B", CLEAR CREEK COMMUNITY CHURCH, a distance of 211.51 feat to the POINT OF BEGINNING and containing 100.472 acres (4.637,900 square feet) of land. This description Is based upon a Land Title Survey of 106.472 Acres of land prepared by Boundary One, L-C. Project Number 6767-2200-657G. Compiled by: Christian Offenburger, RP.L.S. Boundary One, L.L.C. T.B.P.L.S Firm No. 10084800 160 W. Shsdowbend, Suit. 304 Friendewood,TX 77546 (281) 648-3131 www.boundaryone.cone 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.] FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 74 SERVICE AND ASSESSMENT PLAN GA Ward, Getz and Associates, PLLC 1020 NE Loop 410. Suile 800 San Antonio, TX 78209 (210) 585-3700�gery� WGAProject#70455-Ot6 '° September 24, 2024 ........iJBwus iar ; e5i FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 75 SERVICE AND ASSESSMENT PLAN Friendswood City Center September 24, 2024 Public Improvement District (PID) Engineering Report Friendswood City Center Public Improvements District (Pip) Engineering Report Table of Contents Executive Summary 1. Introduction Page 2. Development Improvements.........................................................................................................1 3. Development Improvement Descriptions ................................................ ............ ............ I.,— ......... 1 4. Development Costs ........................................................................................................................3 4. Development and Construction Schedule ... .... ......... ............ ................. .......................................... 3- Exhibit -El Overall P.I.D. Boundary Appendix A - Initial Major Improvements Engineer's Opinion of Probable Construction Cost At - Initial Major Improvements -Phase 1 Storm Drain and Detention Improvements A2 - Initial Major Improvements- tarrabee Way & Phase 1 Roadway Improvements A3-Initial Major Improvements -Phase 15fdewalk Improvements A4 - Initial Major Improvements - Phase 1 FM 5281ntersectlan Improvements A5 -Initial Major Improvements - Sheet Piling Plan and Retaining Wall Improvements Appendix 5- Additional Major Improvements Engineers Opinion of Probable Construction Cost Bl - Additional Major Improvements- Phase 2 Storm Drain and Detention Improvements 82 -Additional Major Improvements -Phase 2 Roadway Improvements 83-Additional Major Impravements-Phase 2 Sidewalk Improvements 114- Addition al Major Improvements -Phase 2 Intersection Improvements B5-Additional Major improvements- Water System 86- Additional Major Improvements- Wastewater System 97-Additional Major Improvements -Fire Station 08-Additional Major Improvements -Park Improvements B9-Additional Major Improvements -lighting Improvements CONS ULTINO ENOI NEERS FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 76 SERVICE AND ASSESSMENT PLAN Friendswood (:fly Center September 24, 2024 Public Improvement Dish ict (PID) Engineering Report Friendswood City Center Public Improvements District IPID) Engineering Repon 1. Introduction The Friendswood City Center Develapment proposes that a Public Improvement District (PID( be created to facilitate the development of 124.6 Acres of land along E. F.M, 528 at its intersection of Blackhawk Blvd. In the Harris County portion of Fflendswuod, TX. The site is within Harris County, adjacent to Clear Creek which Is the boundary between Harris and Galveston Counties, The development will Include multi -family residential and commercial properties; installation of a Fire Station, an extension of Blackhawk Blvd. to W. Bay Area Blvd., and two detention basins to mitigate slormwaler amoff increases from the development of the site and two adjacent properties. This report Includes supporting documentation related to the formation of a Public Improvements District (PID). 2. Development Improvements Development improvements have been defined 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 0, of this report. Development improvements will be designed and constructed in accordance with City of Friendswood Standards and Specifications and will be owned and operated by the City of Friendswoad unless otherwise Indicated. Development Improvements are depicted below. 3. Development Improvement Descriptions 3.1 Initial Major Improvements • Detention, Roadway, & Storm Drain Detention s Storm Drain initial Major Improvements will include erosion control measures, earthwork, trench excavation and embedment, trench safety, pipe installation, manholes and junction boxes, curb inters, headwalls, testing and all necessary appurtenances constructed to the City of FriendsWood standards required to provide drainage service to Improvements for Friendswood City Center, Included are two permanent flood control detention ponds, called Detention Pond 1 and Detention Pond 2 respectively, cleating, excavation, piping for Inbound and mlthound drainage lines and nutlet structures for both Detention Pond t and Detention Pond 2. Detention Pond 1 Excavation Fill on -site 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 RII Off•Slte Is approximately 105.952 Cy. Detention Pond clearing, excavation, and all necessary appurtenances required for the construction of the detention ponds. The two detention ponds are being constructed to account for additional storage capacity for the benefit of the public. Storm improvements are shown below in Appendix 3 and are labeled accordingly as Phase I of the Overall Storm Improvements m the Initial Major Improvements Cost Estimate included in Appendix "A". Phase 1 of the Storm Improvements Include 314 LF of 12" RCP, 409 LF of 15" RCP, 3,675 LF of 24" RCP, 984 LF of 30" RCP, 1,354 LF of 36" RCP, 485 LF of 42" RCP, 555 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 LF of 6'x6' Relnforced Concrete Precast Boxes. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 77 SERVICE AND ASSESSMENT PLAN Frlendswood City Center September 24, 2024 Public Improvement District (PID) Engineerng Report Initial Major Roadway improvement items include construction of Phase 1 of an extension of Blackhawk Blvd from F.M. $28 to Larrabee Way which is calculated to be approximately 3,512 SY of roadway construction. Construction of Other Roadway Improvements included in Initial Roadway Improvements, Madison Ave„ Townes Rd, and Lanahee Way are calculated to be approximately 18,094 SY or Roadway Improvement. Initial Major Roadway Improvements Include erosion control measures, earthwork, subgrade stabilization, concrete pavement with Curb, concrete sidewalk with ADA ramps, signore, and construction testing. Proposed sidewalk Improvements for the benefit of walkablllty, within the site as well as better access from FM 528 for pedestrian traffic. These sidewalk improvements consist of 3,621 SY of sidewalk considered Phase 1 of the overall sidewalk Improvements for the project. Initial Major Signalization improvements at FM 528 & Townes Rd. include upgrading the existing Hashing traffic signal to full operation to coneol Texas Department of Tamportation specifications; 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 SgnalizaRon improvements at FM 528 and Blackhawk Blvd, will include upgrading the existing traffic signal to full operation to current Texas Department of Transportation specifications with the new south leg of the intersection as well as adding a southbound left turn lane an Blackhawk Blvd. to balance the Am (widening) approach to FM $28 for access management purposes. Costs related to designing, constructing, installing, and financing the Initial Major Improvements of Fdendswaod City Center are outlined in the `Initial Major Improvements — Engineer's Opinion of Probable Costs" contained In Appendix "A" of this report. These costs include land planning, engineering design (consullontfres), 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 i'dendswood, TX Will reimburse the developer per a Tax Reimbursement Investment Zone (TIRZI Agreement prepared separately 3,2 Additional Major Improvements Additional Major Water Improvements to Include erosion control measures, earthwork, trench excavalionand embedment, trench safety, pipe Installation, valves, fire hydrant assemblies, service connections, testing and all necessaryappurtenances constructed to the City of Friendswood standards required to provide Improvements to Friendsweod City Center. There will he 12" water lines constructed along Blackhawk Blvd. connecting to the existing water infrastructure on F.M. 528 and West Bay Area Blvd. There will has 12" water line along Townes Rd. Bennett Blvd. and Larrabee Way will have an B" Water line running across connecting the 12" water lines on Townes Rd. and Blackhawk Blvd. Additional Major Wastewater Improvements to Include erosion control measures, earthwork, trench excavation and embedment, trench safely, pipe Installation, manholes, service connections, and testing among others constructed to the City of Frienciswood standards required to provide wastewater service to improvements to Friendswocu City Center. Construction will consist of an 8" wastewater lines along Larrabee Way and a porlion of Blackhawk Blvd, Blackhawk Blvd, will transition from an 8' wastewater line to a 12" wastewater line tying into a proposed Sanitary Lift Station south of the site on Blackhawk Blvd. The approximate total amount of wastewater line material will include 1,705 LF of 12" PVC total, and 1,859 LF AIR" 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 R" Sanitary Sewer tine and Sanitary Lift Station that currently service Cleat Creek Community Church will be abandoned and, in Its place, the existing wastewater line will be rerouted Into the Frlendswood City Center Sanitary Sewer system near the Blackhawk Blvd and F.M. 528 connectlpn. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 78 SERVICE AND ASSESSMENT PLAN Fdendswood City Center September 24, 2024 Public Improvement Dlsb fct (PID) Engineering Report Addltlonal Major Slgnallzalion Improvements at West Bay Atea 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 purposes. Additional Major Storm Improvements are tabulated In the "Addltlonal Major Improvements Cost Fstlntate" found In Appendix "B" of this report. These Improvements Ind ode trench excavation and embedment, trench safety, pipe InstaItalian, manholes and junction boxes, curb Inlets, testing and all necessary appuntenances constructed to the City of Fdendswood standards required to provide drainage service to Improvements for Fdendswood City Center. For Addltlonal Major Landscaping, Parks and Amenities Major Improvements see attached Memorandum provided by Diamond Development Group (Titled "Landscape, Parks, and Amenities Frendswood Chy Center'). Additional Major Improvements will include the construction of an estimated $8,000,000 fire stallon for use by the City of Friendsmod 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 ounlned in the 'Additional Major Improvements — Engineers Opinion of Probable Costs' contained In Appendix "g" of this report. These costs Include land planning, engineering design (/mnsullont lees), 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 Fdendswood, TX will reimburse the developer per a Tax Reimbursement Investment Zone (TIRZ) Agreement prepared separately 3.3 Public Benefit The development will provide several benefits to the public including (but not limited to) the construction of multi- family residential and commercial properties; installation of a Fire Station, an extension of Blackhawk Blvd. to W. Bay Area Blvd., an extensive park and trail system, pedestrian friendly streets, and two detention basins to mitigate Still mwater runoff increases front the development of the site and two adjacent properties. 4. Development Costs An Engineers' Opinion or Probable Cost (OPC) has been prepared for both the Initial Major Improvements and Additional Major Improvements described above and are included as fire Initial Major Improvements Engineers Opinion of Probable Cost in Appendix A and Additional Major Improvements Englneees Opinion of Probable Cost in Appendix 8, 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 has been approved by the City of Fdendswood 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 Disiritt- A final plat has been completed and Is currently under review by the City of Friendswoad. The city has sufficient sewer and water capacity for the entire project. Contracts have been entered on all reserves omsile. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 79 SERVICE AND ASSESSMENT PLAN Friandswood City Center September 24, 2024 Public Improvement District (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 2 of 2025; End Construction: Quarter 2 of 2026 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 210.5853700 or drasmusonOwga llp.com. Sincerely, y/ Dean W. Rosmuson, PE Senior Engineering Advisor 1 ASA 1020 NE Loop 410, Ste, 800 1 San Antonio, TX 78209 0: 210-586-3700 D: 210-455-1320 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BD SERVICE AND ASSESSMENT PLAN � by tc `+ �, �� � � k �M� �. ✓e�. rd rt `'. �l v E,��"Jf y 1, ': ` 1 ♦ � '- ' '-.mva�a , �y r f gl�v • �`ytt ) If `� i} '�'tA� ('' ?�''t •1+''{a R'i„i' �� err".' Sj�"'yll(+",T 7An r Z. t'�`'�Il;i� ���r�.V �#� YrA+„y ' i t 1. YF rye*�S � A' Fr ;fti.l�k°�'1r 1 ."�Y �,r'�, lr��,� ak�•,��^'��'rq+ �[''.�/a. q 4w `�i•'Jy.\"�,•w,v1N •%>[. f(`' \7Ki t -ys .+mw000�r,amu 1 �,/+� kn � �r t t�. ,L'tt c T � �3 ty7�J!9• 1rk h ID 'tit Rjn' '. •'i.� ^"^.•� �• i �2rq7 ' ;7 � lw•s �q r l � .< a S � �>f,'� � I �Y tFK i; K..�akR�li�Ii�fn�..1r�L'� �L, ,<;'�4vJ3f L:. t:. ;� n _ .t::�i\S .I(t?/,•:e •A. Et�w...� FMENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 91 SERVICE AND ASSESSMENT PLAN Friendswood City Center September 24, 2024 Public Improvement District (PID) Engineering Report APPENDIX A Initial Major Improvements CONS110I110 ENGINEERS FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 82 SERVICE AND ASSESSMENT PLAN CONSULTING ENGINEERS FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 7045"16 912412024 CONSTRUCTION COST SUMMARY UNIT A. POLLUTION PREVENTION AND MISCELLANEOUS S 102.790 (UNIT A NOT INCLUDED IN CONSTRUCTION CONTINGENCY' UNIT B: SITE PREPARATION 237,263 UNIT C: CLEARING, GRUBBING, & DEMOLITION S 3,226,763 UNIT D: EARTHWORK,, PAVING &GRADING S 9,734.600 UNITE+ FM 628 TRAFFIC IMPROVEMENTS S 1,200.000 UNIT F DETENTION S 8,886,907 UNIT G: STORM DRAINAGE SYSTEM S 5,144,261 CONSTRUCTION CONTINGENCIES (13%) S 3,695.572 UNIT ILL PROFESSIONAL FEES S 1,611,721 TOTAL ESTIMATED CONSTRUCTION COST 3 33,840,166 INITIAL MAJOR IMPROVEMENTS Note' Consultant Engineering Design and other Fees are included In the "Additional Major Improvements" Cost Estimate found In Report Appendlx'13" (Submitted by, Dean W. Rasmuson, PE Sr. Engineering Advisor F•9756 Notes: 1. All values rounded Up to the nearest dollar amount. 2 This estimate is based on my best judgement as a design professional familiar with the Construction Industry, We Cannot and do not guarantee that bids will hot Vary from this cost estimate. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 83 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S ONNION OF PROBABLE COST PROJECTNO. 70455.016 0/7412024 ITEM ESTIMATED UNIT NO. DESCRIPTION UNIT OUNITRY PRICE AMOUNT UNIT A' POLLUTION PREVENTION AND'ISCLI.IEOUS 1 Rawfaaed Fie,, Fabro Fen. LF 16,1100 5 to 5 24,T50 2 Sular1 N.01,&NOT.,Reviaw PPP,apd posting of materials an leb site. LS 1 $ 3.001100 $ 0,000 D Malnlan and Rea* RFFF NO 12 6 3.000,00 5 00,000 4. PPP nspectlen and Re"An MO 12 S I.dwo 6 12.000 5. 60eel Cleaning NR 200 5 65M S I3.000 0. SWbleaed CensWchan EAR EA 2 d 3,000,00 0 kw 7. Type ll Filer Dam EA 2 1 2000.00 6 4.000 9. Intel Pwecuoa, Slay One EA t0 6 60.00 6 1.620 9 Inlet Pmeo'.. S1a9e T. EA 42 5 W 00 S 2.620 UNIT A SUB -TOTAL BID rriO2,7901 a,k, 1. AN W.,, ad,d up in the oeeesl hlmbed2. This erlmaly Is based on my bellpdgemeol asa deliy intarsiunel hrMlsr MI, the panrW qbn Ind narl. We aannd ead do not ge afenlee Oun bMJs NW ape Vary Nam III, ult eslgnd6& FRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 84 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70M"iG 912412024 REM M WTED UNIT 110. DESCRIPTION UNIT OUMM" PRICE. AMOUNT UNIT B: SITE PREPARATION 1. Alobilaallon LS I.00 S202,25205 S :02,26-a 2 CcoslrudloostAllny LS IN S 35,00000 $ 05,000 UNIT a SUB -TOTAL 010 $ 237.253 L1 ems.' I. AN values rwnded up 101he nearest hundred, 2. Tlis estlmale is based cA Illy Uesl lddyaneM AS A yeYyn plO&ssldlel Tamdiar wAh Iha emslrudion in W slry, Wa calmd and do nd gnaranlee Thal bMs rill nol vary Iran This cOsl esl'vnale. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 85 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO, 70455-018 8fm2026 ITEM ESTIIMTED UNIT NO. DESCRIPTION UNIT WANTNY PRICE AMOUNT UNITC,CLEARINO GRUBBING &DEMOLITION I. Upnt Claiming - Chip and Haul IHdu0ma but nd limited to rem" of Vets AC 228i $ A207.13 $ 5amii slumps, kgs, vapdallon, fenez, rubNM, de5ns, &9a,.b nialler and W er metMN per evbn: ols(odlpunp redatlnp lapztll: and maiMbb sing amid mtl malHzldnc pos'INa drainage (a the mare 5�1e1 2 HmV/Cleama-Ciq and Mau71IIMWb9 NA nc1lmllW loremovd of bee AC 71.23 S35,M68 S 2.5511.704 tamps bps, sewIdvlan, fences. nsbbish. deens &cane mallet am met objtapnable m mwlal por spadbralbn; sNppinp, 9"plLlg lapladw to W1: and malMo nts, po ttive d Omega for the m6re site) 3. 3'Fmce Mian Rem.. and Dlyesal. Complete In plain LF 2.778.18 S 25.W S W.455 4 17'Waterin¢RemolalaM Uspoal,CwnpldeNdaoa tf 2.M00 $ 26W S 73.250 UNIT C WB-TOTAL BID $ 3,226,763 toles'1.rinaeno Ydlndadupto theneared donated.21Nsestl bids Isllndanmybad cost en a5adeUgnprdasdrnalIamlly xah the eonsRuehon intludry. We etmd and do nd 9oaraNeo Ihol bids Kll nd vvyfram this c�] edlmme FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 86 SERVICE AND ASSESSMENT PLAN 000 CITY CENTER -PUBLIC IMPROVEMENT DISTRICT IN177AL MAJOR IMPROVEMENTS ENGINGER'S OPINION OF PROBABLE COST PROJECT N0. 70455U16 912412024 ITEM ESTIMATED WIT NO. DFSCNPNdI IINIi OWNNTY PRICE PMWNT UNH 01 EPRTRWORR. PWNO 6 ORAOIHO I. DotsM Pand l FacavNen- F6 and CorepoOM OnsiC CMnPMO M P1.0 CY 266 m626 $ TAG 5 1165362 la. 'Nod - Delerden Pand l EawalNn- FIG OftW Canpklo A Plene CY 26TA2646 S 1700 S 36&.661 2b FIG. 04WNMG Pand I E%awallM-FII MO$1 C"". b PYCF CY 120.21254 6 12.M $ 2.11OA70 3. Uiln 5"..- FU ORMe. Cempele M 00n CY IIAN 0 1TO 4 194.650 SIaCNMwk (Fed Pinata 1.7'44M PSI ReMatted Cc-.1. PavameM, C.,Wlem {. Plane SY 2.512 S 66.00 6 210.200 6. L D.b,. Way - 0' CON PSI R,Y ,.dConvtlC PwemaM, C.Plal. In Paz. SY W226 S 03.00 S 722,332 Medkon Ave Pb»a I -a' 4. 00PSI ReWolwd Canneev Pwamenl. Campr.le b 6. PI." SY IA13 S ON S 92603 Tames ROO Phase 1.6.4.000 PSI R.'ddmu4 CenMNe Pavement. Compltl. b 7 plea. SY 4276 1 6060 5 266.509 0. 6Hebrnoo ConOall CYN. CompRle M plea LF 1.402 4 410 S 32.765 9. "cebw9 Wld Phaae l- W SlabWed SDbTade, COMP410 M pea SY 2.512 S 3.0 5 12.03 10. Lonabac WN'PhaFel- S' Stabi¢ed SuNiaJe. Compete M pkca SY 12,276 S 5.60 6 44.190 11. Msdkon Ave Ph.,.I-O'01eb@.OSu09m0e. Cemplsb h 01.1. SY 1.543 S 3.60 S 6.666 12 Taunelgo.AMsel - a- Swao08ub9uae. eampelO al pNte 8Y 4,220 4 4.60 S 16d96 O. PMse l-4.5.3.000 PSI R%Wwced ConleW Pavam.M (SNeveeR). Cm0d6 In Place SY 3.621 S 40.00 f 144MO M. Phase 1-2• Bank Send Bedda9 GG95% SPD ISWaweIM CompUW M*t* SY 3621 S 2.00 S 7.242 IS. Ph.$. l- TOmmin't Nan. Mpn. C. peal In Place EA 10 S J,000.w 5 00.000 14_ Phase l- OrON. Campwa N Plaza LS Asw 3 165 6 6,193 ll. P6691-Wb.Ntna. Ramp{ FA 35 5 SIGN.Po 5 193b00 UNIT 06UGAOTAL BID S 8,716,60D N.Ias:1.60vaanxmundetlup to Ine nom0 hundreJ L 1Hs esbnale k bbfed anmyballutlpCmenl oz a dngn pmles+brat landv v4h Ine conFlluNpl6vnnn. we Nnnd am mnol gwratl.e uwl nds:vina wnnan 11Y3 ron onmrRe FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 87 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455.016 0/2412024 ITEIA ESTMATED UNIT NO. DESCRIPTION UNIT WAITTITY PRICE ALSOUNT VINT E, FM 528 TRAFFIC IMPROVEMENTS I 6lackhawk Weisman" 6lpnaleallen himmemeads, Conamele In place LS 1 S swom N S 6m,= 2 Tams Road Into sector SOnnpzaba,Impinsemenls, Camplele in place Li 1 S 400,000.00 5 4W0I:Iw 3 Len Tam Une Soulhbeuntl M TOends Rd. Complde T Piece IS 1 5 I50.11mm S 16100) 4. Lea Tam Lane SouVOound al SlacldlaWa Blvd. Complete In P1049 LS 1 4 160.000.00 $ 100.000 UNIT 6SUB40TAL 010 $ 1,200.000 Nmee: 1. All values rounded up to 0e nearest hundred. 2. This estimate 1s based an my ben Iud4TOtem as a dssyn prolesnonal lamina Oth thep.Mn Ion industry. Wecannl and donut 9uanntee that bides\11I not wy bon Ule cost esinote. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 88 SERVICE AND ASSESSMENT PLAN FRIENOSWOOD CITYCENTER • PUBLIC IMPROVEMENT DISTRICT 1141TIAL MAJOR IMPROVEMENTS ENGINEERS OPINION OF PROBABLE COST PROJECTNO. T045S.010 W4.7024 ITVA ESTMATEO UNIT NO. OF$CAOPTION WAT QUAINT" PRICE AMOIMI UNTF•Ofin"911 1. OOMbn Pmd l•Docks" INOCIOW IOe1V IJ N' GCMP(pof HCFOQ SNrgaldst EA 6 SIaf(I0.00 S IT.000 CM,pldeln Pbte 2. ONM.Pald l-BC091pa$.Wa. CaW al.0 MCI IF 2.050 5 4S S 16616 9. DaedaMp-d 1. Std.. Ulm gFN+lenal9gFPedpmraee%fa kW ih W04-IN f AC 16 5 3ww S 52.500 Ae mbaLn w Ilrvli MINT a. ff16 TOP0 l aCv SMHPJIg IM Ttll0an i0p pBaN IO EgIwIUPdn0l, CompNleF Wave 10 IMIO "),c U I.IW F S,tJON $ 1.200.000 5 DawdHVO LS 1 Sto0.O w S 500.000 6 %ext01[PJC.M.so, W, 16' Iwo pH HCFCO AFMardl. C.wm, h NX. $v 1.700 5 WOW 9 PSAW 7 RW0-• addlm7b IIIB'IM1eApeI IIEFID EImbrdO. [ompkeN%xe EY 927 S 6500 S M2M I. Malmo Cd W011Stva 6mtive INI "CO Sww.d;, Cmpwo lOPbta LS 1 5 a0O00AO 6 N. W 9 a'RNo'aiAl WJdf aalMptlte.CWnpk1ON%ate U 21M 5 6OOM $ 1./00,000 10, 4Ro..' /WCasl MPtlta.ComPRI/R%aC. IF 300 S I.OWM 5 300.000 11 PIp-GaMbnpeml 7EKC LI,M-FlFOp/e, CpmfeMemprxe C" 59,9ID 1 IB f4 S 126,659 12 PIDAeIeMbn Pad 26xtabpe ldav%W IOaIOw/N'GCLP igrNCFCtl51WAMs1. EA 2 S LiWOW 6 2L W C.".IPPNta I5. MO.ON9Mbn Pa(d 90ecUbp/SHLL, CamfldaM%xs U LAW 5 5.W S 6.326 21. Plp•hlMbn PPM 251apbVelbn NM1IYg SIeMHJNp9cmIkM1M 111MdGroOVr Wlhb M 6 S .f.00000 S 17.N0 Inaf s16 Week[. AS Eeetlt IOHan 95% I5. REIf 0anM•OdMbn PaN26mdbn•F4gltlp CanlpMe bptlta CV 66.0l1 5 ILW f I,22103 16. PWlt BanM-6lr-0daalan Ulallp UeMmtl Njdrm1uk11N IItNAo1WWAA WMf11 AC 2 5 0.WO.M 5 6.OW Ih Ntl 4 WNb.AI Eeetldp Nav/ 95x UNIT F SUBBOTAL&p 3 8.B80,807 (MSE22I.Asvduee IW+Cad Up ld IM MMSI WxMe0. 2. TIa N'Male h paled Mm"pail AN Nw RadallyllprdtlalONlNmiaf Cow tdGVVtlpll mg,v7O,a ona co fW pr arMN Ihd Mm a W"m 11. IM<osl eslmala. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 89 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER - PUBLIC IMPROVEMENT INITIAL MAJOR IMPROVEMENTS ENOINEER'S OFINIO14 OF PROBABLE COST PROJECT NO. 7046"10 9/24/2024 ITW ESTAIATEO UNIT 110. OESCRIPTKK4 UNR WANTIIY PRP_E NJWNT 1. Phase L. IYASTM W6 CLOT RCP W COO, Complete 1. Meu LF 314 f 67.50 S 10.055 2. P sal -IV ASTM FIBCUII kCP (M CWsI,Qmrylele In Raw LF 408 $ 0925 5 35.276 3, PIHIe I-24'ASTM W4CLnl RCP (MCWO, Casrplmo In Ram LF 3.UI6 S 11600 f 423.625 4. PhassI.3WASTM c-I6CLIIIRQP(M COO. Conioto In Raw LF ON 5 1450U 5 1426M 5. PMeI-3WASTMO-T4CLIII RCPLMOW0. QrnPIe101n Rate LF L351 5 10)00 S T2o,9W U. PNse 1- 4VA5TM CO9 CLIO RGP(An QWG, Vernpaele In Rem LF a66 $ 28500 5 138256 I. PN4el-4WASTM F26CLIIIRCP(MCo1y.CampNM In Finite LT 326 S 320Qo 5 10I,000 8. Phase 1-4WCMP(MICUN). Crnelolen Rare LF YA S 340 5 23,401) 9, Plxu1,60'ASTM O IS CLIO ROP(A9 COV, Cmrplate In Ram LF 461 S 600.W S 250W0 10 PNseLI2'ASTMGIe CLIIIRCP(AN W,),Cmrpl Weln Rem LF 691 S ISOOO $ 604,430 II PFasa1.64' ASTM FIB CLIII RCP(M Cola), compete In R.I. LF I'M 5 Iimoo 5 1,193600 12 WII.6W RoinbudC..lsls Bol C1433(AII CWs), Cempsla In Rsas LF US 5 1,25000 3 968.250 I3, Phase l- Tlenah Derelom9 LF 6,m5 $ 3500 3 110M 14. Phase I- I,. 'W WL C.10Me M Plate PA IS 3 6,5 'm $ 21,601 16, Phase I- TWo'BB' Hid. Comp*W in Rase EA SB 5 4.500.00 5 1Ii,o0T 16. Phase i-T1Pe'C'MeNlele N2',W ain.W Gtmpele n Rete EA 49 5 4,1100.00 5 216,M IL Phase 1-Tro'C'MadlMo(42' and srnmW) of Ty.•A-Wa Cmnva 6l PMte FA T 3 1.WOO S 62,600 IS Phase l- Type'C• MaMnIs M8'd2'I, templets In Rase PA 13 5 B4O0o00 S 11I,000 10 Puesel -Tw. C. Memel#(W arm la'ar), C.'10. in Rasa Fit 15 S IS,OODD3 5 226.OW 20 PNse 1. OSHA Tremh Safely Syaem LF 10.00 $ ISo 5 Wom UNIT G SUB -TOTAL BIB S 5,144,2-8 -11 Noes: 1. Mlv4luaa ro0ndad OF W No neawet humirad. 2. TNe alSnMlo Is bawd on my bad pdpomarn as a dash3n profos lenal le"I a' NId10, tenMrvdnn mdew' We tanna.nd4anol9esraniae9,P161dawR not vary Sml OWN tom adMals. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 90 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT INITIAL MAJOR IMPROVEMENTS ENOINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455.016 9I2A12024 : PROFESSIONAL FEES Amount Dralnaae and Flood Milloation Geolechnlcal Investigation to date (Riner Engineering) S 26,291 Protect Cmaination(Tames Development) $ 25,BS0 Schemalic, design, development documents (DDO) $ 212,625 Civil Engineering (WGA) S 1,034,600 SeoUrity Fencing(Amerlaan Fence) S O,fiS3 Land clear (a Inslah security fence (All -Tex) S 60)0 Staking [of security fence placement (Boundary One) $ h650 Overhead(1291) $ 156,0So Miscellaneous Costs $ 136.305 DRAINAGE AND FLOOD FEES ITEMS SUB -TOTAL I S 1,611.721 TOTAL UNIT H: PROFESSIONAL FEES 1 $ 1,611,721 Notes! L All values rounded up to the nearest hundred. 2. This estimate Is based on my best judgement as a design professional familiar With the construction indUslrY. We cannot and do not guarantee that bids vdll not vary from this cost estimate. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 91 SERVICE AND ASSESSMENT PLAN t-- _---�__�_-- - - - t44i � i y1 �iJ4 . J....__ Al ` FRIENDS WOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 92 SERVICE AND ASSESSMENT PLAN VLIF\ A Vi rw�.oxnoo.. FRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 93 SERVICE AND ASSESSMENT PLAN L.- I --_— �r r' r i MGA t El s� f t = FRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 94 SERVICE AND ASSESSMENT PLAN II � . - rvxYW ra xw� ol-uTrX m 1 - Ii •\ YMUYNFTW - i _ EPEwm+JrocErcuxlEx M FRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 95 SERVICE AND ASSESSMENT PLAN V�MeE WTI b i ♦.GA ..:._-.1�%. rmuomvoocmcunrA A5 ' TRI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 96 SERVICE AND ASSESSMENT PLAN f nendrwuad tltY center iePlemherll, 302E PoGklmpravemenl D"ad JP101 Egneed, Re I APPENDIX B Additional Major Improvements CON6NLTNG ENGINEERS FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 87 SERVICE AND ASSESSMENT PLAN 0 CCHEULTING ENGINEERS FRfENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 70455At0 5124/2024 CONSTRUCTION COST SUMMARY UNIT I: EARTHWORK PAVING d OWING S 3.400,250 UNIT J: WATER DISTRIBUTION SYSTEM S 1,007.036 UNIT K' STORI4 DRAINAGE SYSTEM $ 179.101 UNIT L SANITARY SEWER SYSTEM $ 862,879 UNIT M SANITARY LIFT STATION $ 1,330,700 UNIT N: MISCELLANEOUS -LANDSCAPING S 6,697,472 UNIT O: MISCELLANEOUS - CIVIL S 3,063,194 UNIT P' FIRE STATION $ 1,032,520 'pOOITIOW COST CHpROE TO TI4Z' CONSTRUCTION CONTINGENCIES (13%) S 2.141,508 UNIT O: PROFESSIONAL FEES S 2,991,848 TOTAL ESTIMATED CONSTRUCTION COSTS $ 21,596,499 ADDITIONAL MAJOR IMPROVEMENTS Submitted by Dean W. Ras iuson, PE Sr. Engineering Advisor F-9756 Notes: 1. All volues rounded up In the nealost doear amount 2. This estimate Is based on" best pBlgemont as a design professional lamlllar 0th the conslmotion Industry. We cannotand do not guarantee that bldswill not vary from this cost estimate. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 98 SERVICE AND ASSESSMENT PLAN FRIENOSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENOMEERS OPINION OF PROBABLE COST PRO.WCTNO. 761S5.O1E 9R4/20M ITEM ESTIMATED UNIT NO DESCAIPTICN UNIT OUANTITY PRICE AMOUNT UNIT I, FAR TNWORN PAVIN080RADING I. Mackin."Wvd Phase 11-7' 4,0%, PSI Renfaced CorceMc Pa9ehMnl. BY VAII S low S 1,239,770 Complete n place R. Ma dem Ave Phase 11-6'4,000 PSI Relnfoead Cinder, Pavenrtnl. BY 3.114 S 65.00 $ 202.442 complete 1n place. 3. Tohnev Read Phase 11-W4,000 PSI Reinforced Cordele PaVemenl, 6Y 4.723 $ 65M S 306,980 Convn a In plan. 4. Bennett Clad Phase 11-0'4,000 PSI Reinforced Conemle Pavement Sy 11,11E $ 6500 5 162.310 mapinaln place 5, 6'Roinfamed Cinemle Carb, C"Itte In prissy LF 24.243 S 420 $ 101,W5 6 Wackhanct Wvd Pbese it.n- SlaNked Sntirado, contpMe in Taace, Sy 17,711 5 3.So 5 03,70 7. Machm Ave This, 11- B' Wooh,od SLMyade, Imholoo to place W 3,114 S 3.60 S 11X12 6. Tmnes Read hate 11-B'Stabht$wWo e, complete In place. 8Y IJ23 3 3.40 S I2AD3 0. Bennett Blvd Phase 11- W SNUA2ed S+UW20e, complete in PlIm BY II.TA S 3.60 S 42,220 1D. Phase 11.45'3.000 PSI Rarnnrced Conttele, PaVemenl l Wdewalkk SY 7.463 S 40M S M.620 Compkle 9t pla me 11. Phase A -T Bank Send Beakng 095% 6PD l5idW.IX). Comptde In SY 7.453 5 2.00 f 14.92E place 12 Phase ll- TnRrtlUael It... Sin, Complete n Plate EA 27 5 3,0000E S Blow i3. Phase 11- S1dpn0. Compkle in Place LS 3.350 S 1.65 S 6,193 M. Phase ll- SyTeekWe Ramps EA 46 3 5,500.00 $ 253,000 UNIT I SUB -TOTAL BID S B 400 260 otea' T _AI values rounded up la Ne nearestbundred 2 ThB estlmale R Uaaetl an my best Wtlgemenl as a des:9n onfe¢slpnal laRaWt NIN the eonslmcdon Industry. We cannot and do not Wacanlea that bids w4 not vary Dom this <osl eRlmale FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 99 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PRWECT NO. 10155.015 W4n024 1TEA1 ESTIMATED UNIT NO. DESCRIPTION VNIT OUAIMTY PRICE AMOUNT UNIT J' WATER DISTRIBUTION SYSTEM I. I T CM PVC CL 150 Wales Line, All Depths. Complete In Place LF 4,801 S 80.00 $ 388.880 2, 10'G900 PVC CL 150 VValef Lin., All DONhs, Cemptele n Place LF 107 S 55.00 $ 6,910 3, V C900 PVC CL 150 Vhlar Una, An OWAa, Consplena In Ponca LF 1,748 5 W.W 5 87.400 4, I.W CM PVC CL ISO Maw Una. All Depths, Cpmplde In Place LF 87 5 30.W $ 2,610 5. I7'Jack and Bat. C4nFNa In Place LF 55 $ 175 DO $ 9.675 8 IT Wactionnal Bone. Canptge In Place LF 20D 5 L25OW S 250.DW 7 17' Wet Cfnhednon, Conucle In Place EA 3 S 2,4ULW S 1.200 6. 1.6" Plug And Clsalp. Ccmylcle In Mare EA 1 3 200,00 S 200 9. 1.Y Mete. COmpiete'n Face EA 1 5 900E IA S 6,OW0 10. 1.5'Opuble Chew Backlbw Pm.nt.. Complete in Race EA 1 3 2.500.00 $ 2,500 11. Has Hydrant Md. VaNe and Tee. Compete In Place EA N 1 7.bW.00 $ 106000 12. WGato VaNe& Bab Ccmpleo in Face EA I$ 1 3,700A0 S 86,BWO 13- IVGale Van''s B Box. Canpleleln Place EA 6 3 3.IM7.1.01) 5 169A 14. 10'%ug and CNmli. Cero,40a In Piece EA 2 3 1.20000 S 2.400 15. 8" Gate VaNe& BOX, Complete in Face EA 16 1 2,10DOO S 33.600 16, V Par, am Clamp. CotnMate in Place EA 6 3 1.00000 $ 8.000 17. LFG.IOVal.6Box Compll.h Face FA 1 3 92W S 572 IB. OSHA Tremll Safely Snim LF 71026 S 1.50 S 10.199 UNIT J SUB -TOTAL BID 3 1,007,036 Notes: I. A8 Ines mundad up to the naawsl hnldad.2. lbb adlmela Is based on my basl)ud9emant as a design ppNSNmaI laminar +ash Ito cood Ai en yldaslry. We cannot and do not gdarantee that bids"It M Vary from this MA estimate FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 100 SERVICE AND ASSESSMENT PLAN FRI ENDSWOOD CITY CENTER. PUB UC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 704664118 gaW024 ITEM ESTIMATED UNIT NO. DESCRIP110N UNIT OUANTITY PRICE AMOUNT UNIT K, STORM DRAINAGE SYSTEM I Phasell 24-ASTIA676CLIII RCP (All Will. Camplde In Most LF 709 S 11500 S 81,635 2. Phase ll-48'CIAP (A11 Culsl.CmiT,lale In Flace LF 125 S 020.00 S 40.000 S. Flaw 11-Trench 0.1ilon9 LF 709 S 35.DO S 24815 4, Maw 11-Type'5- r how. Complde 0 Plate EA 4 S 4.5fA1.D0 5 IBOW S. Phase 11-Type'C'Manhole(42' aid sorallefl. Coniddeai Race EA 3 S 4.500.00 S 13,500 6. Phase 11- OSHA Trends SaiGy Sydem LF W4 S Im S 1.251 UNIT K SUB -TOTAL BID i 77S.101 Nolen: L NI vdues rounded up lolhe nearest hvnilled. 2 This i moote Is based on my hest lodgement as a de -alga prClcssUnd fasiAnu Allh the conshutlion lndusty Wa Caned and do not guarantee Dot hlds%ill nd v y ffom this edaf anoints FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 101 SERVICE AND ASSESSMENT PLAN FRIENDSWOOD CITY CENTER - PUBUC IMPROVEMW DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 7015 Gib WM12024 REM ESTIMATED UNIT NO DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNIT L, SANITARY SEWER SYSTEM 1. ITGDR20PVCSewer(0'- 12depIhl.Compt0o In Plau LF 1.122 S moo S W.370 2 1T 6DR 28 PVC 6awer 112-16'deplh),Canpiele a, Placa LF W3 3 Imm $ 68.3W 3. B-SUIT 26 PVC Sawa 16- 12'deylh), Complete In Plaee LF 1.255 S ED.Do $ 02,000 1 WSDR 23 PVC Seeer(12- 19 depth), Cmpide in Pleoe LF 003 S 05 OR S 39.1% 6 plead Conwde Mame". Cpmplde in Place EA 22 S 6,00000 S 132,000 0. atra De lti for Etwldald IMi 9-12 Depth VP 10 5 275w $ 27W T at. Depth for Standard W Ore, 12 Depth VF 57 S 300.00 S 17, 10D A Y SatiWy Serrw Plug, CorafAme, In Place EA '..5 $ 1.0cum $ 2S.000 0 Taeneh D.at.4aR IF 3.504 $ 200 5 121,I40 10, E F4ee hlab, Cadplete In Pl. lF 035 $ 45M 5 42,075 MI e' Face Mall D,,a6U A Owa, ConpBa In Plan LF 200 5 I'MDo 5 M.000 12 Ar Releam Va" la 0', Complete to Place EA 1 $ 4,L00eo $ 4,000 13. O'Force Main 110 Into EMUNIQ 1.04, Cmlptde in flare EA 1 5 2.50000 S 25M 11, OSFLA Trench Safety Sydwn IF 4,690 S 160 S 7.040 UNIT LSUB-TOTAL 8I0 $ 852,879 Notes; 1 All sauas rambled W to the newest h ndmd.7. TNa estionte fi based on my ba9ludgemeM m e desOn pwfu¢lmal iam;llm 1NIh Iha coasWdloo industry. Wa cannot and do not guamNoe that blds %id nd vary flan Nis cosl eMiP Me FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 102 SERVICE AND ASSESSMENT PLAN FRI ENDSWOOD CITY CENTER • PUBLIC IMPROVEME14T DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 7045S016 p124nW4 ITEM ESTIMATED UNIT NO. DESCRIPTION UNfT QUANTITY PRICE AMOUNT UNIT M; SANITARY LIFT STATION I, UR Slalldn, Cunpkle In Race Ib 1 SI.260.00000 S {.2b0.000 2 0' 5,000 PSI fldnforced CWcede PW=enl Cemplde an pace SY 170 S 60.00 f Woo S. lrV oVChain LOU GaleM T B alboibed xve. CmPletem Mace EA I S 6.000.00 S 5.00p 4. N Chain UM Fence wl Y Aofbwbed wire. Comphlein Pore LF 214 $ 25O,00 S 55,mo UNIT M SUB•TOTAL BID S ;J30,700 a o ' 1. fJ rdues rWfded Up Io1De neared Iam�Yed.2. TNs a51vna1C IS GaSod mmy DesllWpemenl as a dts'gn profes�c0a1 famlld N1N Uie cansltadpn Indasby. VJe wrmtl and Da no! guarantee 4ulbNs xN nd vary Dam IAit cosl edmiare FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 103 SERVICE AND ASSESSMENT PLAN FRI ENOSWOOD CITY CENTER -PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO, 70156018 9I2412074 ITEM ESTIMATEO UNIT NO, DESCRIPTION UNIT QUANTITY PRICE AIAW14T UNIT N: MISCELLANEOUS - LANDSCAPING I, Salh IT..- SF 650 $ 435 AD $ 282760 2 Site Ut.sges ROW • EA IS y 650.W S 13,600 D Benahesl Admen- EA 45 S 1650.00 5 14,250 4, Landeeapa ROW' EA 1 52.4%.(*).W S 2.450.000 5, Pavers' SF 35,0W S 15.0D 9 534,000 0 Demnlposed GmNle• CF mom 9 568 $ 416.707 1. CnnvelP Edge Band CF 32,36t S B.52 9 275.710 B Lini.dnne Benches• LF m 3 1,7W.00 a 67.206 9 Landscape' EA 12.010 S 50,00 $ 000.000 16, Sand OSbisW fovnda0m. Complete In Min, EA 30 9 20.00D.W S 6:010D0 11 Sdar Llph1ho- EA 05 $ 3.45000 $ 224,zo UNIT N SUB -TOTAL BID WIDSCPPNG, PART( ANDAMMENITY FATIAATESOU NIS ERGWEER'S CPWKHI OF PROBABLE COST WERE PROVIDED BY DWAOND OEVELOPMENTOROIIP- Hoist 1. Ag venues wended Up to Ills nearest hurtled. 2. This esllmsle Is baud m my best lud2emenl as a design Prole atonal famdal With the o4nsbu411m lndealry. the cannot and do Ad puamnlee that blots s 01 Ad vary km INemst eslinalc. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 104 SERVICE AND ASSESSMENT PLAN FRIENDSYA3OD CITY CENTER- PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OF PROBABLE COST PROJECT NO. 16166-016 SM4=ZA ITFM ESTiMATEO UNIT NO. DESCRIPTION UNIT QUANTITY PRICE AMOUNT UNIT O: MISCELLANEOUS -CIVIL I. Lan Turn Lane NalhFastbobnd at Bay Ann BA•d. Candela In Place LS 1 $ 150.000.00 3 150.000 2 Midge Wealbeund (2lanes) on ISackdww Iran Station LS 1 $ 1,200,000.TA 3 1.200.000 27a426716 ZSfM Cmlplde h plum 3 Bridge EaaNaY,d t2lanos) an Ela*haau frml Slalim LS I $ 1,200,000 TO $ 1,200,000 26.12.33 to 27-31.33. Complete In place 4. CCISO Road G3,500 PSI Reinforced Cowrie Pawmanl. Lansdale In PIS SY 3,950 $ 55.TO $ 217.250 5. CCISQ Road Meinfowd CancaNe Curb. Complete In place LF 2.209 $ 4.20 $ 0.630 6. CCISO Road 8- StaNtitad Subprada. Camdefe In Try. SY 4.215 S 3.00 3 15.174 7. CCISD Road 4.5'3.003 PSI Relnlarmd Conant. PacemeN tSidawalb) Sy 244 S e0.00 $ P,7C0 . Crmplaae In place 8. CCISO Road 17 ASTM C-16 CLIII RCP (NJ Cuts), Complete In Face LF 321 5 SPAN $ m.6w 9 CCISO Road I V ASTIA C-76 CLIII RCP (All Cuts), Condole In Face LF 416 % IIY1.00 $ 41.600 10. CCISD Road 30' ASTM 070 CLIII RCP (All Cub), Canplde In Face LF 222 5 145.00 S 32.190 11, CCISD Road 36'ASTMC-70 CLIII RCP WI Cuts), Compide h Face LF 85 S 200.00 S 17.000 12. CCISO Road Type"C" Manhok(47'and sronfla) wl T,.'A'lnM, EA 6 S 7,500.00 5 45M Camplde In Face I$, CCISD Road Strad llglde wy leundation, Canplate In Place EA 5 3 20,000.00 3 IW000 UNIT O SUB-TOTAI, BIO S 3,063,1 ed Notes: t All wluesrounded up lathe nm,*A hundred. 2 TMs edimalala based onmy bed IudgemeNas a dealgn prolasderel famAar VAIN the cendludion Industry. We cannot and do not SuaPrd. Ihal Nds Hill not wry Pan INs rnd mUnnala E-RIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 105 SERVICE AND ASSESSMENT PLAN FRIENOSMOD CITY CENTER • PUBLIC IMPROVEMENT DISTRICT ADDITIONAL MAJOR IMPROVEMENTS ENGINEER'S OPINION OP PROBABLE COST PROJECT NO. 70155-010 v24nM4 ITEM ESTIIMTEo UNIT NO: DESCRIPTION UNIT QUANTITY PRICE PMOUIJT UNIT P: FIRE STATION 1. FPe SWW UNIT P SUB -TOTAL BID l5 1 T L032,520.00 5 1.032,520 $ 1 032,520 TI01e511 Mvalues,Nn JUp Iotheneaseo""mJ.LTM1k estimate Is bases on my beU NJSemmtasa JeaOn plaesacwltanitlal xMh IIw wnOmclm IMUO ,We cantsa Jo IK1 gaararAea Ihal 14% N01 not valV fl. Ihls anN climate. 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 PROJECTNO, 70455-016 9/2412024 Amount Other Engineednn & Professional Fees Engineering & Surveying through Change Order No, 6 S 959,050 Geotechnlcal Engineering $ 47,161 Surveying by Boundary 1 S 14,354 Dlamond Development Group S 1,861,293 Legal - Wolfgramm S 100,0D0 PID ITEMS SUB -TOTAL BID 3 2 981 848 TOTAL UNIT O: PROFESSIONAL FEES Notes: 1. All Values rounded up to the nearest hundred. 2. This estimate is based on my tied judgement as a design proressional 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 F' r,w ` ,61 cra.e T t arS�m TTR, FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 308 SERVICE AND ASSESSMENT PLAN i --- - � Y / n.ciauxrww /) / FlRrpNV)Lp[MfENIG ELI SIZFI B2 i FRIENDS WOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 109 SERVICE AND ASSESSMENT PLAN MT— w+Gk /'. Y�SYYVPPYYW-�.L/!% EVpSwaMGIYffMIEP l/` w�aVuw�w04 � / SIEEf o> FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 110 SERVICE AND ASSESSMENT PLAN ,Po i I ugm �^ - tlii NX4FZ4TTw��xam� ," I _ eveuuxM& / � °�� :�j vue�w�wwcmcex(u s(04 ERIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT Ill SERVICE AND ASSESSMENT PLAN Fx _ 1 � I T2N2L 1 P RI E NDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 112 SERVICE AND ASSESSMENT PLAN AM \' YGA � I, /l j MUMm—�� f l/ 40.FWMWOGryRM1EP R� �� V sIFEt FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 113 SERVICE AND ASSESSMENT PLAN fd� •� ii Il�j F I i x l i ERI ENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 114 SERVICE AND ASSESSMENT PLAN \ 1 i "� i i �•, M GA �� \i / jlJ �, dj rurw[+mou�.ame. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT I15 SERVICE AND ASSESSMENT PLAN tKT .J MGA ero FRIENDSWOOD 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 trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS INITIAL PARCEL PRINCIPAL ASSESSMENT: $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]Z 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-I), 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_ J To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS COUNTY OF DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of Texas]4 , 20_ 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 - INITIALPARCEL $ $ $ $ 915,CM $ 964506 101) $ t6t,Qb $ 3.U)A- S - $ d6A]e $ ]K335 $ $ 3A... S 336.W3 $ ;Se;]30 $ 36AH $ - $ U,)30 $ dA0 m. ]OU f d99A"i $ E.550.]30 $ - S 41.IH $ ]83.195 $ $ tM..4 $ 2.0. $ U = $ )4143 $ - S t).6N S ]$0].Hl $ O,KSAP 10H $ 5)3AM $ 3SIS.eW $ - S d4ttb $ M. $ $ 3.q].50 $ IAM $ I.d 1. $ "At3 S - $ K.3K $ ].Y).US S 4.0.71S lOIO $ 5]O.tlA $ S,Y3A90 $ - S d9ASd $ Il)AM $ S 3.O141id S 3]]}W $ LI91.IM $ U.H3 $ - $ t5p0 $ ].SC6.163 $ I,6W.930 3031 <H $ 6W.WJ $ S,,190 XOS $ 650,0.tl $ 1.395.960 $ - $ IWI, $ 11;Id0 $ S 3,b].65] $ HS,(M $ I,ISI.pO $ d0.M $ - $ t4S30 $ L.A. .13 $ M. $ A.A. $ - $ W11 $ 167A90 $ $ 3,W6,I65 $ 336FW $ ].IMAK $ 01( $ - $ N.NS $ 4506AU $ 4.113 M34 $ )dz. $ lj0l,t]0 $ - $ S).]U $ IHAIS $ $ 3"t. $ 3H,6W $ 211M,510 $ IIAII $ - $ i4963 $ 4506.3K $ IIII) $ M3= $ ;H9A70 $ - $ HA55 $ M6 $ s 3.M1.)]5 $ 3BLMU S IM. $ 4;K5 $ - $ )).]U $ ISO).WS $ 4, 7V .11 $ .41= f ;194,M0 $ $ 55.953 $ I.J" $ $ ).Ml,)II $ 110,0.0 $ 10.. $ 445I6 $ - $ 75,150 $ LW.. $ 4,p0,3W N13) $ 906,dq $ I.131.010 S - $ SiA)] $ IS;SK $ $ 3A6.141 $ Y].W) $ ]ANA $ µ3B6 $ $ It. $ LSO41K $ 4.W4.3H $ 9,, $ 3A]1.650 $ - S SLIU S I4)9)5 $ $ 3p7.K1 $ 167p1 $ 99010 $ 4SA76 $ - $ 71A15 $ IjK.Y6 $ 4.W43Y M)9 S IA... $ ;W3A90 $ - $ 59A71 $ ULUS S $ 3W),I6] S 4.= $ 9645M $ el $ - $ Lt6e0 S ].SU6.)OS S 4EW.9K lON $ I.IM.M $ 1,931.510 $ - $ K. $ l3)}65 $ $ 3,".. $ 53X" $ MI. S Y,]M 1041 $ ]US,Op $ ta.A $ $ 64M5 $ ]UA35 $ $ 3A3],KS $ SK,W) $ K9j50 $ 4BAl) $ $ 63.515 $ ].SM,)U $ 1E04163 NNE $ ]I6466] $ LPI,)50 $ - $ 63A11 $ IS6}35 $ $ %.,.H] $ [tlpb $ .3. $ 41W $ $ [O.6M $ ].S SM $ 4A09.U9 ]p3 f IA54. $ LNLHO $ - $ N.M. S 1MIf0 $ $ 3.0341)1 S ... $ W6,. $ NA69 $ - $ 57.. $ ].50S.9Y S 4.601.IC0 SML $ IAY.= $ ].U6.3N $ - $ 65.55] $ ]UASS $ $ 3,W].92] $ 694.Q0 $ 111.1. $ W. $ - $ S4A, $ 3W5 $ %WY" $ ]A". $ $ A. $ ]W.MS $ $ H94IU $ ]dlAb $ 71I.950 $ SLM $ $ MX9 $ 1,50S.9U $ 4.E01.f16 f016 $ "%. $ uw. $ $ N.NS $ U.515 $ S ).W]AH $ M3FW $ KIp $ 11 Y $ - S 47 1. $ UO].]U $ f..H3 XN) $ 4)N.. $ l}Y.]l0 $ - $ 69.569 $ 90A. $ $ 4%41M $ K]A)0 $ FOS.SM $ HJ. $ - $ 4.11 $ 1.... $ 0,6049U h46 $ IA 6.0]0 $ I,IW.130 $ - $ )0.9)0 $ YS $ $ IA7.]K $ 905AM $ H6}60 $ 55,191 $ - $ )9ANl S L ,4711 $ A.%. N49 $ SpIIAIO $ k"'I0 $ - $ 72l $ ]1A15 $ $ 3A)].590 $ 96].C[1l $ YI$M $ 56}35 S - $ 3yY5 $ LSO6,In $ IWIIII M50 $ ;]SLCW $ K]AM $ $ UAII $ W. $ $ 301MI $ IAII.. $ M. $ S]A1 $ - $ M.660 $ LSOS.KI $ 4,.,. SO51 $ IAKAD $ M6A30 $ - $ ]5.304 $ 54145 $ $ 3A3;)H $ I.M. $ N3}30 $ St,S]p $ - $ NA95 $ I.... $ 4"", NKl $ 1466.QV $ 114AU $ - $ ]61S0 $ 39A15 S $ 4031.4M $ I.IBI.IXO $ 164550 $ W4$ - $ M. $ LSK.,311 $ 4KLH] NK3 $ I,43)p]t $ UTA90 $ - S MH6 $ M.S05 $ $ 3,69].3U $ 4363,= $ I81.110 $ K136 $ $ U.KS S 4 s 11 $ 4A J.I ]M4 $ M,QU $ I9]A9 $ S ]9,9U $ Al. $ I)ASIA $ 4A33 $ 4354ZU $ 94,W $ 641K $ IIAm4 $ 50 $ K. - $ 91A]6 TNN $ )36..6l= $57. IS $ 4AKUl$ SLI AU $ 3.6U}U S IfAIMIq $ K.IU}M $ U,1., SS 9N.K6 $ 4H4 $ (1A0,4W$ S 1.M]AK $4,0111. 11 1i5.355}U tebro Ia$N[xn[bNNnedatenleel ].w%. IhIIMIvnnICnCMbn Cwlawxa W4'l]MWeda1MM[b4r{aMwIb1MN[Mlmwlttl4[tluCwwwmpw.eMo116eIM1el MaprlmpwemeMN+nameMxllrotMm[eatedln Ne e1R]yeanbNlM W xl prune [a6e[[bnoltMMnualW4Mbn CwrteNe Ole/dmMtNlheivdbabnebrKu[Ntp$IOFW 1[I]MOa:v.9wrc[ W preprymx3RNerce R[muN W 0u3ylWedattbaF9PtlGbnallMxntaM1aMM rNMetlenlM LNIal MajfrlmpwemeM Knd[xMn0x 04Gwenry W prpaymen<ResemRaouN bhbx 25%o) MWdpYMLM1 Y4W IMnxFW wn550%/wMober3pl4, aartw3Mb/]MpIOM.H 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]' z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code, Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF § DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this 20. Notary Public, State of Texas]3 3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Purchaser Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment [The undersigned seller acknowledges providing a separate copy of the notice required by Section 5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the address above. DATE: SIGNATURE OF SELLER STATE OF TEXAS § COUNTY OF § DATE: SIGNATURE OF SELLER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this , 20. Notary Public, State of Texas14 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER SQUARE FOOT - LOT TYPE 1 Installment Annual Capra - d Additional He... am I =1mrt"d Annual Resents Addiflonal Additional Improvements Major Total Annual Due 1,131 2025 Principal interest $ - $ lntfiw'�':'t 1.56 $ Collettio axis," (1.511) $ Indolent' - $ ponder - $ - "a Installment , $ Principal firtwest" $ - $ Celle Cost, $ OVOA I'mmild Inhi T.IturAmmal installment o.en Installment Due") 2026 $ - $ 1.95 $ (1.95) $ - $ 0.03 $ - $ 003 $ $ 0.66 $ 0.03 $ - $ - $ 0.69 $ 0l2 2027 $ 0.353 $ 1.95 $ - $ - $ 0.04 $ $ 2.33 $ 0,170 $ 0.94 $ 0.03 $ - $ - $ 1.13 $ 3.47 2028 $ 0.376 $ 1.92 $ - $ - $ 0.09 $ - $ 2.33 $ 0.184 $ 0.92 $ 0.03 $ - $ - $ 1.14 $ 3.47 20M $ 0.402 $ 1.90 $ - $ - $ 0.01 $ - $ 2.33 $ 0.1% $ 0.91 $ 0.03 $ - $ - $ 1.14 $ 3A7 2030 $ 0.429 $ 1.87 $ - $ - $ Di $ - $ 2.33 $ 0.209 $ O.% $ 0.03 $ - $ - $ 1.14 $ 3.47 2031 $ 0.459 $ 1." $ - $ OAO $ 0.03 $ - $ 2.33 $ 0.222 $ DAB $ 0.03 $ - $ - $ 1.13 $ 3.0 2032 $ I)AW $ 1.80 $ - $ Dire $ - $ - $ 2.33 $ 0.237 $ 0.07 $ 0.03 $ - $ - $ 1.13 $ 3.47 2033 $ 0.524 $ 137 $ - $ mile $ - $ - $ 2.33 $ 0.253 $ 0.95 $ 0.03 $ - $ - $ 1.13 $ 3.47 20M $ 0.559 $ 1.73 $ - $ 0.04 $ - $ - $ 2.33 $ (1270 $ 0.83 $ 0.03 $ - $ - $ 1.13 $ 3A7 2035 $ 0.592 $ 1.69 $ - $ 0.04 $ - $ - $ 2.33 $ 0.289 $ 0.81 $ 0.03 $ - $ - $ 1.14 $ 3,47 20% $ 0.638 $ 1.65 $ - $ 0.04 $ - $ - $ 2.33 $ 0.309 $ 0.79 $ 0.03 $ - $ - $ 1.14 $ 3.47 W37 $ 0.682 $ 1.61 $ - $ 0.01 $ - $ - $ 2.33 $ 0.329 $ 0.]] $ 0.03 $ - $ - $ 1.13 $ 3.47 2038 $ 0.7M $ 1.56 $ - $ O-N $ - $ - $ 2.35 $ 0.352 $ 0.75 $ 0.03 $ - $ - $ 1.13 $ 3A7 2039 $ 0.]]9 $ 1.51 $ - $ IT" $ - $ - $ 2.33 $ 0.376 $ 0.72 $ 0.03 $ - $ - $ 1.14 $ 3.47 31K0 $ OA33 $ 1.46 $ - $ 0.05 $ - $ - $ 2.33 $ OA01 $ 0.70 $ ON $ - $ - $ 1.13 $ 3.47 2041 $ O.8% $ 1AD $ - $ 0.05 $ - $ - $ 2.33 $ OA29 $ 0.67 $ 0.04 $ - $ - $ 1.13 $ 3.47 2042 $ 0.951 $ 2.33 $ - $ 0.05 $ - $ - $ 2.33 $ D.458 $ 0.64 $ &W $ - $ - $ 1.13 $ 3.47 2043 $ 1.U18 $ 1.27 $ - $ 0.05 $ - $ - $ 2.33 $ 0.489 $ O61 $ O.00 $ - $ - $ 1.13 $ 3.47 2044 $ 1.088 $ 1.20 $ - $ 0.05 $ - $ - $ 2.33 $ 0.523 $ 0.57 $ 0.04 $ - $ - $ 1.13 $ 3A7 2045 $ 1.163 $ 1.12 $ - $ 0.05 $ - $ - $ 2.33 $ ITS" $ 0.54 $ O.04 $ - $ - $ 1.13 $ 3A 2046 $ 1.243 $ 1.04 $ - $ 0.05 $ - $ - $ 2.33 $ 0.597 $ 0.50 $ 0.04 $ - $ - $ 1.14 $ 3.47 2047 $ 1.329 $ 0.95 $ - $ 0.05 $ - $ - $ 233 $ 0.630 $ 0.46 $ 0." $ - $ - $ 1.13 $ 3.47 2048 $ 1A21 $ O.% $ - $ 0.05 $ - $ - $ 2.33 $ 0.682 $ 0.41 $ 0.04 $ - $ - $ 1.13 $ 3.47 2049 $ 1.519 $ 0.76 $ - $ 0.05 $ - $ - $ 2.33 $ 0.728 $ 0.36 $ 0.04 $ - $ - $ 1.13 $ 3.4] W50 $ 1.625 $ 0.65 $ - $ 0.06 $ - $ - $ 2.33 $ 0]]8 $ 0.31 $ 0.04 $ - $ - $ 1.13 $ 3.4] 20SI $ 1.]3] $ 0.54 $ - $ 0.06 $ - $ - $ 2.33 $ 0,832 $ 0.26 $ DOS $ - $ - $ 1.13 $ 3A] 2052 $ 1.050 $ O.42 $ - $ 0.% $ - $ - $ 2.33 $ 0AW $ 0.20 $ 0.05 $ - $ - $ 1.13 $ 3.47 2053 $ 1.986 $ 0.29 $ - $ 0.06 $ - $ - $ 2.33 $ D.951 $ 0.14 $ 0.05 $ 1.14 $ 3.d] 2054 $ 2.124 $ 0.15 $ $ 0.% $ $ (2.30) $ 0.03 $ 1.017 $ 0.0] $ 0.01 $ (LI3) $ $ OA3 $ 0J% Total $ 39.73 $ 13.50) $ 2.13 $ 0.21 $ (2.30) $ 63.0] $ 2337 $ 38.05 $ 1,04 $ 11.11) $ $ 32.35 $ WA3 Poolooles: 4 IblThe Annual Coloction Costs were Initiall i funded at bond doflng and while Wed the Annual Collection Costs component of the Initial Major Improvement Assessmentw8l not be collected In the eady years but the City will resume mgection of the Annual Collection Costs once the Administrative fund balance 8 reduced to $20,000. Ic)The Delinquency and Prepayment Reserve Account was partiallyfunded at cldsing. Additional Interest shall be colkded on the Initial Major Improvement Bonds when the Delhquency and Prepayment ReserveAttount 4 below 7.5%ofthe par amountofthe Initial Major Improvement Bands. (dj Excludes theTIR2 Annual Credit Amount which will be calculated annuall] in each Annual Service Plan Update. The f1pos shown above are estimates only and subject to change In Annual Service Plan Updates. Changes In Annual Collection Costs, the collection of Additional Interest, reserve fund requirements, interest earnings, or other ava0ffik offsets could Increase or decrease the amounts shown. le) Preliminary Estimate. Colkclions for Reimbursement Obligation will begin followis, Additional Major Improvement Assessments Water Dale. 19Interest on the Reimbursement Obligation Is calculated at a rate of].0034 which is ten than 2%above the highest average rate ofthe $&P MunkiPal high Yield Index whkh was 5.SM for October 21124, as required by the PID Act. if PID Bonds are Issued, the Interest rate on the Assessment will adjust to the Interest rate on such PID Bonds plus the Additional Interest. The first Interest payment Included In the Additional Major Improvements Annual Installment due V31IM26 is projected based upon the Issuance ofAddtlonal Major Improvement Bonds In 2025. hill Assumes the release of reserve fund money In final assessment year. If such reserve fund money B not available, the final Initial Major Improvement Assessment and final Additional Major Improvement Assessment will increase. (hl Additional Interest shall be collected upon the bsuance ofthe Additional Major Improvement Ronds. Annual Installment Schedule to Notice of Obligation to Pay Improvement District Assessment FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 2 NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a 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 set -vices project (the "Authorized Improvements") undertaken for the benefit of the property within Friendswood City Center Public Improvement District (the "District') created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood City Council in the annual service plan update for the District. More information about the assessments, including the amounts and due dates, may be obtained from City of Friendswood. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]2 2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATE OF TEXAS § COUNTY OF § DATE: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this Notary Public, State of 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_ 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 1LifA1 nf:.aH Initial Major i., l.l, i Additional 2025 $ - $ 1.29 f P391 $ - $ - $ 5 - $ - $ - $ - $ - 5 Fir - $ an, - $ - 2026 $ - $ 1.62 $ (1.62) 5 - 5 0.03 $ - $ 0.03 $ - $ 055 $ 0.02 $ - $ - $ 0.5] $ 0.60 2027 $ 029 $ 1.62 $ - $ - 5 0.03 $ - $ 1.94 5 0.14 5 0.78 $ 0.02 $ - $ $ 0.94 $ L88 2029 f 0.31 $ 1.60 $ - $ - $ 0.03 $ - $ 1.94 $ 0.15 $ 0.77 $ 0.02 5 - $ - $ 0.94 $ 2.68 2029 $ 0.33 $ 1.58 $ - $ - $ 0.03 $ - $ 1." $ 0.16 $ 0.76 $ 0.02 $ - $ - 5 0.94 $ 2.88 2030 $ 0.36 5 1.55 $ - 5 - $ 0.03 $ $ 1.94 $ 0.17 $ O.75 $ 0.02 $ - $ - $ 0.94 $ 2.88 2031 $ 0.38 $ 153 $ - $ 0.00 $ 0.03 $ - $ 1.94 $ 0.18 $ 0.73 $ 0.02 $ $ - $ 0.94 $ 2.Bg 1032 $ 0.41 $ 1.50 $ - $ 0.03 $ - $ - $ 1.94 $ 0.20 $ 0.]] $ 0.03 $ - 5 - $ 0.94 $ 2.88 2033 $ U." $ 1.47 $ - $ 0.03 5 - $ - 5 1.94 5 0.21 $ 0.73 $ 0.03 $ - $ - $ 0.54 $ 2.86 2034 $ DAIS $ 1.44 $ - $ 0.03 $ - $ - $ 1.90 $ 0.22 $ 0.69 $ 0.03 $ S - $ 0.94 $ 2.88 2035 5 0.50 5 I.41 5 - $ 0.03 5 - $ 5 1.94 f 0.24 $ 0.68 $ 0.03 5 - $ - $ 0.94 $ 2.88 2036 $ 053 $ 1.37 $ - $ 0.04 $ - $ - 5 1.94 $ 0.26 $ 0.66 $ O.03 $ - $ - $ 0.94 $ 2.88 2037 $ 0.57 $ 1.34 $ - $ 0.01 $ - $ - $ 1.94 $ 0.27 $ 0.69 $ 0.03 $ - 5 - $ 0.94 $ 2.88 2033 5 0.61 $ 1.30 $ - $ 0.04 5 - $ $ 1.94 $ 0.29 $ 0.62 $ 0.03 $ - $ - $ 0.94 5 2.88 2039 $ 0.65 $ 1.26 $ - $ 0.04 $ - $ $ 1.94 $ 0.31 $ 0.60 5 0.03 $ - $ - $ 0.94 $ 2.88 2040 $ 0.69 $ 2.21 $ - $ 0.01 $ - $ - $ 1.94 $ 0.33 $ 0.59 $ 0.03 $ - 5 - $ 0.94 $ 2.88 2041 $ 0.74 $ 1.16 $ - $ 0.01 $ - $ - $ 1.94 $ 0.36 $ 056 $ 0.03 $ - $ - $ 094 $ 2.88 2042 $ 0.79 $ 1.11 $ - $ 0.01 5 - $ - 5 1.94 $ 0.38 $ 0.53 $ date $ - $ - $ 0.94 5 1.88 2043 $ 0.85 $ 1.% $ - $ 0.04 $ - $ - $ 1.94 $ 0.41 $ 0.51 $ 0.03 5 - $ - $ 0.94 $ i.88 2044 $ 0.90 $ Is" 5 - $ 0." $ - $ - $ 1.94 $ 0.43 $ 0.48 $ 0.03 $ - 5 - 5 0.94 $ 2.83 2045 $ M97 $ 0.93 $ - $ 0.04 $ - $ - 5 1." $ OA6 5 OAS $ 0.03 $ - $ - $ 0.94 $ 2.88 2046 $ 1.03 $ 0.86 $ - $ ON $ - $ - $ 1.94 $ 050 $ 0.41 $ 0.01 $ - $ - $ 0.94 $ 2.88 2047 5 1.10 5 0.79 5 - 5 0.04 5 - $ - $ 1.941 5 053 $ 0.38 $ 0.03 $ - $ - $ 0.94 5 2.88 2048 $ 1.19 $ 0.71 $ - $ 0.04 $ - $ - $ 3.% 5 0.57 $ 0.34 $ 0.03 5 - $ - $ 0.94 $ 2.88 2049 $ 1.26 $ 0.63 $ - $ OAS $ - $ - $ 1.94 $ 041 $ 0.30 $ O.M $ - $ - $ 0.94 $ 2.88 2050 $ 1.35 $ 0.54 $ - $ 0.05 $ - $ - 5 1.94 $ 0.65 $ 0.26 $ O.W $ - $ - $ 0.94 $ 2.88 2051 $ 1.44 $ 0.45 $ - $ 0.05 $ - $ - $ 1.94 $ 069 $ 0.21 $ ON $ - $ - $ 0.94 $ 2.88 2052 $ 1.54 $ 0.35 f - $ 01% $ - $ $ 1.94 $ 0.74 $ 0.17 $ 0.04 $ - $ - $ 0.94 $ 2.88 2053 5 1.65 $ 0.24 5 - $ 0.05 1.94 5 0.]9 $ 0.11 f 0.04 $ - $ - $ 0.94 $ 2.88 3054 $ 1.P $ 0.12 $ $ 0.05 $ $ (1.91) $ 0.03 $ 0.65 $ 0.06 $ 0.04 $ 10.92) 5 $ 0.02 $ 0.05 To2A $ 23.12 $ 33.04 $ (i.91) $ 0.94 $ O.ID $ (1.91) $ 53.15 $ 13.3E $ I5.01 f 0.8] $ (0.93) $ $ 26.0) $ 7653 [a] ]Interest 1al"a Annacalmetion Cost$ eR.glf3. p) "aAnnualth"[elle tell an bola werelme oftt funded a bond do Caere once the Mnual and balance a issmmed to $ 0rthe Initial Ma3or Improvement Msessmentwil nolbe ro8ated Inrheeady years but the City¢ill d Prep yment In erthe Annual Collection genes tied the fi minlaentive fund b stsha isreducedt0 f n the0. Be The Account ccou tIs and Prepayment peso unoft was postage atdu9�.Add illocal Interestshallbecolleeted on lM1e Initial Major Improvement Bolls When the Oeilnduengand Prepayment 9durve lanes sho al ac%e adthepar only and subject Initial MaprImplwemdat se Plan interest The figures shown above flablelmatet Doll could In subset eo ecreas In Areasa amo Sella Plan Updates. CM1angesin Mnual Cotle<tlen Coats, the adleeebn of Nddttional Ineeresl, reserve land redubemems, iatemn dimly x oretheravection oor Remiermanse or decrease amounts aM1own. [e] Interest on he Reimbursement eim. Confurseme nt Obligation htion is same. OWgarlon mI 7.001C which cydyss than 1l Major lmpovementAaage rate o The eur APate. Illre Interest on the Act.11 rsements are eis the Interest rate rate the Assessmenblessdjst 2%above the rate est onsucaP rate Bonds sth Munition lintHigh yield he fisMete Was payment Included! rn the as Addition by the rIO Rot ll PI08onnn are Issued, due /2026Is projected Assessment based will on the Issuance ceofinterest mte on such PIO Bondsrra theAdditionaldsiin202 interest- The Omineerest payment NdWed In the Additional Major Impure of Fes a Annual Imoney i nfi due assessment year. ar.laeed based upanthe Ia., I.. o annals tonal afinMajor Impov Major Bonds 2025. f,jAs Assumes thereleaseeofreserve hod money in final asussmentyear.lf su[h reserve ruMmeney (snot available, the final Initial Motor Impovement Rssesmenland final Rddirbnal Major Improvement j1h)Ad mentvAlIMest shall )M1I Additional lmeun sM1allbe mlleaed upon the Issuance of the Additional Major Improvement Bonds. FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 3 NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedents estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 3 PRINCIPAL ASSESSMENT: $15,492.94 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: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER12 z To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS 1416101N110141 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_ 7 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 4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County. Seller Signature Page to Final Notice with Current Information of Obligation to Pay Improvement District Assessment ANNUAL INSTALLMENTS PER DOOR - LOT TYPE 3 2025 $ - $ Smag $ (585.89)- '26 $ - $ 732.36 $ (732.361 $ - S SIM $ $ 13.01 $ $ 269A3 $ 10.12 $ - $ $ 259.SS $ 272.57 '27 $ 137.67 $ 732.36 $ - $ - $ 1327 $ $ 8]&M $ 68.0) $ 352.30 $ 10.32 $ $ - $ 826.53 $ 1,3MAI M28 $ 16La6 $ 723.08 $ - $ - $ 13.56 $ $ SM07 $ 69.17 S 367.66 $ 1053 $ - $ $ 427.36 $ 1,305.43 Mb $ ISLOS $ 713.17 $ - $ - $ 13.91 $ - $ 87&0 $ 73.70 $ 362.82 $ 10.7I $ - $ $ 627.26 $ 1,305.36 M30 $ 161$8 $ 702.60 $ - $ - $ 1408 $ $ 87&26 $ 7&52 $ 337.66 $ 10.55 $ - $ - $ 627.13 $ 1,305A0 2031 $ ]72.64 $ 691-29 $ - $ L72 $ 12,64 $ $ 87129 $ 93.63 $ 332.16 $ 11.17 $ - $ $ 626.96 $ 1,30525 2032 $ 18636 $ 679.20 $ - 5 16.65 $ - $ $ 97&11 $ N.30 $ VA31 $ IIAO $ - $ $ 427M $ 1,305.12 2033 $ 197.0E $ 666.30 $ - $ 16.95 $ - $ $ 82&27 $ 95.25 $ 320.06 $ 11.67 S - $ $ 426.93 $ L305,20 2036 $ 230.38 $ 651.51 S - S 25.25 $ - $ $ 878.10 $ 10IA7 $ 31139 $ 1186 $ - $ $ 827.01 $ 1,305.11 2035 $ 226.80 $ 07.79 $ - $ 15.55 $ - $ $ 87416 $ 10&86 $ INS 26 $ I2M $ - $ $ 627R1 f 1,305.35 2036 $ 210.11 $ 622.05 $ - $ 15.36 $ - $ - $ 87802 $ 116.23 $ 29&M $ 12.34 $ - $ $ 127.21 $ 1,305.23 W37 $ 256.83 $ 60525 $ - $ 15.18 $ - $ - $ 87&26 $ 123.N $ 290.51 $ 12.59 $ - $ $ 426.97 f 1,305.23 W38 $ 276.61 $ 587.27 $ - $ I6M $ - $ - $ 8]8.18 $ 132.38 $ 28184, $ 12.83 $ - $ - $ 07.011 $ 1,305.23 209 $ 293.12 $ 56&W $ - $ 16.83 $ - $ - $ 87801 $ MAR $ 272.57 $ 13.09 It - $ - $ 427.12 $ 1,305.13 MBO $ 313.53 $ 587.54 $ - $ 17.17 $ - $ $ 871.24 $ IS011 $ 262.67 $ 13.15 $ - $ - $ 426.83 $ 1,305.07 Ml $ 335.07 $ 525.59 $ - $ 17.51 $ - $ $ 8)&18 $ 16LM $ 257.11 $ 13.62 $ - $ - $ I27.03 $ I,305.21 MM2 $ 358.03 $ W2.11 $ - $ 17.86 $ - $ $ 878.03 $ 172.35 $ 240.112 $ 13.89 $ - $ - $ 627.07 $ I,bS.M 2M3 $ 382.98 $ 1]].0 $ - $ ]8.22 It - $ $ 87&28 $ 183.98 $ 2211.76 $ 16.17 $ - $ - $ 426.90 $ Id05.18 Ella $ 409.38 $ 450.27 f - $ 18.58 $ - $ - $ 871,19 $ 195.73 $ 1ISBB $ la AS $ - $ $ I27.07 $ 1,305,26 INS $ 437.69 $ 42L61 $ - $ 11,19, $ - $ $ 87&26 $ 210.05 $ ML11 $ 16.74 $ - $ - $ 426.91 $ 1,305.17 MG $ 467J4 $ 390.9E $ - $ 19.33 $ - $ $ EMUS $ 2241s) $ I87.40 $ 15.04 $ - $ - $ 427.2A $ 1,30529 M7 $ SW.M $ 358.23 $ - $ 19.72 $ - $ - $ 1171LO1 $ 260.11 $ 17167 $ 15.36 $ - $ $ 127.11 $ 1,305A2 2048 $ 536.64 $ 323.23 $ - $ 20.1E $ - $ $ 877.99 $ 256.55 $ 156.86 $ 1565 $ - $ - $ 427.05 $ 1,305M 2M9 $ 571.78 $ 2M.81 $ - $ 20.52 It - $ $ 8)&30 $ 274.12 S 136.90 $ IS.96 $ - $ - $ 826,98 $ 1,30SAB M50 f 611M $ 285.7E $ - $ M.93 $ - $ $ 8]&1] $ 29183 $ 117.71 $ 26.28 $ - $ - Iffeg9 2051 $ 653.M $ 202.99 $ - $ 21.35 $ - $ $ 8]&03 $ 311.24 $ 9721 $ 16" $ - $ 1,305A92052 $ 699.05 S I57.22 $ - $ 22.77 $ - $ $ 8)&05 $ 338.]9 $ ]529 $ 16.98 $ - $ - 1..M53 $ )67.53 $ 208.19 $ - $ 22.21 $ - $ $ B]&03 $ 35&03 $ $1.35 $ 1717 $ - $ UH 1,305.199A1 $ 55.96 $ $ 22.65 $ $ (865A31 $ 12.99$ 382.70 $ 26.79 $ R62 $ (416.93) $ 2327Total $ 1Q662.33A,9I.9$11,318.351 $ 6N.. $ 80.36 $ (865.03) $ 23,735.69 $ 5,030.61 $ 6,793.06 $ 392.50 $ <i&83 $ .535.51 Footnotes: 1a11nterest holmlatedal a rateol7.0)%. 16]The resume wletion oftim Annual Co eundedal bonde theAand¢L0ekHedlM1eAmwl WBeNono SlsaompaMnt o11Ae NIWIMabr LnOrovemenl Aisestmentwil not beoollMMNtlu aMYears but Ne 6ry Use rervmawg and Dfthe MnuaeWtttbn Costsonce pinfissfy IM1e Afunded at clofrindblaote Iseeduadto SM,IMO. Cc]Account The Deryquen2. and Prce Paramunsem Account wasrlopro funded atads. Additional Nleteil shallYo0lkoled on the Irctial Major Improvement bonds when the DelFyuercyand Prepayment 0.etem Moaunlles the UAnniheperat Mountnt theMat Initial Major Bnpmvannua Bondi. jdjAeludestn TR2Armwl Getld NnountwhWMH OfAbealabtedannw%Innot AnnualServiceManUpdate. mm,,Jn figureseavagabeveareetoMalesonly ease or subbtttoeaµe ItAnnualServke Man UNates. IhmBa In Mnmlmaeellon Costs, the ReimblonelAddhlegatlbWIs mb1M&Mditmenls,ajorI provemen or other Increase ortleerosethe amounts Nowrt jejprtlimon unent.... e. Ob.e Belmbws k.lal Oat a rehe wdhe of .00it hickolbIs Dan 21 a Wye Ma Id sumeMAtussmeofth S&ger Oak. 10 Interest IDMt. the Eys Ws arsement, tha Inlon h rate on theta ossmentWef adjkF It kss Wn 2%rate c such hUhest aenp rate Addition 5&p MfaresL l N@M1 Y'saldfirst Index wymewas 550% fork October Addible uee9ulred by ka PIOMe.IIPl0 galls arement dIM1e13I/M26Is ro NedbesemensnsheIssueme adjust to einterest MdRim;IMe).,W roveID ondsMort Immisi 20 itbnal Nlereil.Th<firil Nteeeilpayment lndutletlln IM1e Addit nal Major hnpeavements Mnu atann In of e..Adue 1/31as, Am As us,,e Projected be upon We resem ofMdicNml Mobs Mgoveme fin gDMs In Major M m,mea Neeekase olteurve Nntl money Ffinalaesestmentynr. Hsvtl�rtsem Nrd mono/hmot enWble, the fimllrilhl Melea Mprevement Assessmant aM fiml Atldhbnal MabrImprovemeMAtussmenl MR lmaaee. (M1) Additional Interest draft be mlkchtl upon she Issuance oeUeAdeilbnal Major Improvement galls. Lf NDSWOOD 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: 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 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: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]' 1 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-1), Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowledged the receipt of this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: DATE: SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER STATE OF TEXAS COUNTY OF The foregoing instrument was acknowledged before me by and , known to me to be the person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes therein expressed. Given under my hand and seal of office on this 20_, Notary Public, State of Texas]' ' 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]° ° 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 k,114.11�1 ""ItAted Addftl.l ANAI. hatrow.ra-11 fieds"' Reserve sul Additional Major "nomensents T.Wsirs 3035 "adjust firam."I's $ $ 109 5 [I'm) $ $ S $ - Pandas, I $ - 5 .... Net - 5 $ $ - $ NO- more 5 - 3026 $ - $ 1.36 $ (1.36) $ - $ 002 $ - $ am$ . $ 0.46 $ as. $ - $ 0.48 $ 0.51 20E3 $ 0E5 $ 1.36 $ - $ $ 0.02 $ $ 1." $ 012 $ O.f6 $ 0.02 $ - $ $ OT9 $ 2.43 2028 $ 0.26 $ 1.35 $ - $ - $ 0.03 $ - $ 1.68 $ 0.am13 $ 0.65 $ 0.$ - $ $ am $ 2.43 2039 $ 0.29 $ 1.33 $ - $ - $ 0.03 $ - $ 1.61 $ M14 $ 0.64 $ 0.02 $ - $ - $ am $ 2.43 2030 $ 0.30 $ 1.31 $ - $ - $ 0.03 $ $ 1.64 $ O.15 $ 0.63 $ 0.02 $ - $ - $ an $ 2,13 2031 S a32 $ 1.29 $ - 5 0.m $ am $ - $ 1.64 5 0.16 $ 0.62 $ 0.02 $ - $ - $ a" $ 2,43 2012 $ 0.34 $ 1.23 $ - $ am $ - $ - $ 1.64 $ 0.13 $ M61 $ 0.0E $ - $ - $ am $ 2,43 2033 $ 0.37 $ 1.24 $ - $ 0.03 $ - $ - $ 1.61 $ at$ $ 0.60 $ 0.0E $ - $ - $ am $ 3A3 20M $ 0.39 $ 1.22 $ - $ am $ - $ - $ 1.64 $ 0.19 $ 0.58 $ 0.02 $ - $ - $ am $ 3.43 2035 $ O.42 $ 1.19 $ - $ 0.03 $ - $ - $ 164 $ 0.20 $ 0.57 $ am $ - li - $ 0.80 $ 2.43 2036 $ 0.45 $ 1.16 $ - $ 0.03 $ - $ - $ 1." $ 0.22 $ 0.56 $ 0.0E $ - $ - $ ON $ 3.43 2037 $ am $ 1.13 $ - $ 003 $ - $ $ 1.0 $ 0.23 $ am $ am $ - $ - $ 0.80 $ 2,43 1038 $ 0.53 $ 1.W $ - $ 003 $ - $ $ 1." $ 0.25 $ 0.53 $ 0.@ $ - $ - $ am $ 2.43 2039 $ 0.55 $ l.W $ - $ 003 $ - $ - $ 1.6g $ 0.26 $ 0.51 $ 002 $ - $ $ am $ 2.43 3040 $ 0.58 $ 1.0E $ - $ QW $ - $ - $ l.W $ M28 $ 0.49 $ 0.0E $ - $ - $ am $ 2,43 2043 $ 0.63 $ 0.93 $ - 5 am $ - $ $ 1.64 $ 0." $ 0.47 $ 0.03 $ - $ - $ am $ 2.43 305E $ 0.67 $ 0.94 $ - $ 0.W $ - $ $ 1.64 $ 0.32 $ 045 $ am $ - $ - $ D.eo $ 2.43 2013 $ 0.21 $ 0.89 $ - $ 0 l $ - $ - $ 1.64 $ 0.34 $ 0.43 $ 0.03 $ - $ $ am $ 2,43 2044 $ 0.76 $ am $ - $ 0.m $ - $ $ 1.64 5 0.3E $ 0.40 $ 0.03 $ - f - $ am $ 2A3 2015 $ 0.82 $ 0.29 $ - $ Om $ - $ $ 1.641 $ 0.39 $ 0.38 $ 0.03 $ - $ - $ am $ 3.43 )We $ am $ 0.33 $ - $ ON $ - $ - $ 1.64 $ 0.42 $ 0.35 $ 0.03 f - $ - $ 080 $ 2.43 2043 5 %93 $ 0.63 $ - $ ON $ - $ - $ 1.61 $ 0.6 $ 0.3E $ 0.03 $ - $ - $ am $ 2,43 2048 $ 1.00 $ am $ - $ ON $ - $ $ 1.64 $ 0." $ 029 $ 0.03 $ - $ - $ am $ 2.43 3049 $ 1.07 $ 0.53 $ - $ ON $ - $ - $ 1.64 $ 0.51 $ 0.E6 $ 0.03 $ - $ $ 0.W $ 3A3 2050 $ 1.14 $ O.a6 $ - $ am $ - $ $ 1.61 $ 0.55 $ 0.22 $ am $ - $ - $ QW $ 2.43 2051 $ 1.22 $ 0.38 $ - $ ON $ - $ - $ 1.64 $ 0.52 $ 0,18 $ 0.03 $ - $ - $ 0.80 $ 2,43 2052 $ 1.30 $ 0.29 $ - $ ON $ - $ - $ 1.64 $ 0.62 $ 0.14 $ am $ - $ $ am $ 2.43 303 $ 1.39 $ (SE0 $ - $ O.m $ 062 $ M10 $ am $ - $ - $ ON $ 2.43 304 $ 1.49 $ M10 $ $ 0.m $ $ (].6l) $ 0.m $ 0.31 $ am $ 0.m $ (0.38) $ f O.m $ am Total S lli 0 $ 32A6 $ (EA6) $ OA9 $ 0.6 $ (3.61) $ 44.21 S page $ 1t." $ 0.73 $ (o.TB] PoolMles: Ial lnlereslla.1.1.1ed at a rate of 2.W%. (b] The Annual Collection Cassava- Impel fiermhufact bond closing and whit Seabed the Annual Callaction Costs component ofthe Initial Major lmprwementAuessmenlwill not be wX¢ted NtheserNyears but the CA, will resume c W eglon of the Annual Collection Casts Once the Adminlstratile fund balance it reduced to $30000. ]rj The Delinquency and Prepayment hesem Account was par0allyfuMed at clwN& Addtonal Interest Shall be collected on the Initial Major Imp apartment Bonds when Use Callnquen[y and Prepayment Reserve Account is below 2.5%of the paramount of the Deltlal Major Improvement 0ands. Idj patients the TIM Annual Credit Amaunl which will be calculated anouaNln each Annual Service pan Update. The figusts shown above are estimates only and subject to change In Annual Service plan Updates. Changes In Annual Collection Costs, the wileetion ofAddnbnal Interest, reserve fund aNsim.menu, Interest earnings, or other available oHsas could increase or decrease the amounts shown. [e] Pre6mNary Estimate. Wt,.]ons for MAI,.rscraves mediation w91 begin [Slowing AddiWnal Major Improvement Assessments Trigger Dale. IQ Merest on the Warsbu semenl Magellan Is wl[ulated at a fate of 3.O1 which Is less than M above Use highest avenge sate of the 5&P Municipal High YeW Index which was 5.50% far octaber 3024, as naulred W the PID Act. If PID Bands are Issued, Is. Interest rate on the Assessment wil adjust to she interest rate on such PID Bands plus the Additional Interest. The&at Interest payment Included In the Additional Major lmproyemene Annual lnslalMent duel131/2026 is projected based upon the Issuance of Addillonal Major lm unamsent Bands In 2025. IS] abitu es the release offeserve fund money in final assessment yea, Quash reserve fund money I, of avaliable, the final Inhal Major Improvement Assessment and Bnal Additional Major Improvement Ass.omen will 'n[reesp. [h] Additlonal Interest shal be[ollestcd upon the Issuance of the Additional Mal. Inn,ovemeni bear, FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT BUYER DISCLOSURE LOT TYPE 5 NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established under Subchapter A, Chapter 372, Local Government Code (except for public improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall first give to the purchaser of the property this written notice, signed by the seller. For the purposes of this notice, a contract for the purchase and sale of real property having a performance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement does not apply to a transfer: 1) under a court order or foreclosure sale; 2) by a trustee in bankruptcy; 3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by a trustor or successor in interest; 4) by a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure or has acquired the land by a deed in lieu of foreclosure; 5) by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship, or trust; 6) from one co-owner to another co-owner of an undivided interest in the real property; 7) to a spouse or a person in the lineal line of consanguinity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective purchaser before the execution of a binding contract of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate the contract. A separate copy of this notice shall be executed by the seller and the purchaser and must be filed in the real property records of the county in which the property is located at the closing of the purchase and sale of the property. AFTER RECORDING' RETURN TO: NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF FRIENDSWOOD, TEXAS CONCERNING THE FOLLOWING PROPERTY STREET ADDRESS LOT TYPE 5 PRINCIPAL ASSESSMENT: $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 portion of a public improvement or services project (the "Authorized Improvements") undertaken for the benefit of the property within Friendswood City Center Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local Government Code. AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS. The exact amount of the assessment may be obtained from City of Friendswood. The exact amount of each annual installment will be approved each year by the Friendswood City Council in the annual service plan update for the District. More information about the assessments, including the amounts and due dates, may be obtained from City of Friendswood. Your failure to pay any assessment or any annual installment may result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. ' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records of Harris County when updating for the Current Information of Obligation to Pay Improvement District Assessment. [The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF PURCHASER DATE: SIGNATURE OF PURCHASER The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURE OF SELLER DATE: SIGNATURE OF SELLER]z 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]' , 20_ 7 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]' 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 st e I.Plt.1ksd 1 in Addillonal Reserve Initial Major 1 Improvements Annual Resemn, Additional Improvements Total Annual Due 1/m 2025 mipal finterryl $ 5 1.76 5 Interest 11.]6) $ co"", Infievc - 5 sh, in $ min's Total Annual Installment Went $ - Rnfincian, A j - 5•-1 ..... P, Collection Costs $ Funds 5 interest"' 5 _ Total Annual I Installment $ r I.A.H.wIt ane", $ - 1026 $ $ 2,20 $ (2,201 $ - 5 as.$ - $ oM 5 - 5 0.]5 $ 003 $ - $ $ 0)8 $ 0.81 2027 $ 0.40 $ LEO 5 - $ - $ 0As 5 - 5 2.64 5 as, 5 Im $ 003 $ us 5 3.92 2028 $ 0.43 5 2.17 $ - $ - $ 0.04 $ - $ 2.64 $ 0.21 $ 1.03 $ 0.03 $ - $ - $ 1.28 5 3.91 2029 $ 0.45 $ 2.14 $ - $ - $ am $ - $ 2.64 5 a2l $ 1.03 $ 0.03 $ - $ - $ L28 $ 3.91 2030 $ 0.49 $ 2.11 $ - $ - $ am $ $ 1.W $ 0.24 $ ,of $ 0.03 $ - $ - $ 1.28 $ 3.92 2031 $ 0.52 $ 1,08 $ - $ 0.01 $ aw $ $ 2.64 $ 0.15 $ 1.00 $ 0.03 $ - $ - $ 1.28 $ 3.91 2032 $ 0.55 $ 2.04 $ - $ 0.0e $ - $ $ 2.14 $ 037 $ 0.99 $ am $ - $ - $ 1.22 $ 3.92 2033 $ 0.59 $ 1.00 $ - $ ON $ - $ $ 1.66 $ 019 $ 0.96 $ am $ - $ - $ 1.29 $ 3.92 2034 $ 0.63 $ 1.96 $ - $ 0.05 $ - $ $ 2.68 $ 0.31 $ 0.14 $ am $ - $ - $ 1.2$ $ 3.91 2035 $ 0.68 $ 1.92 $ - $ am $ - $ - $ 2.64 $ 0.33 $ am $ 0.01 $ - $ - $ 1.28 $ 3.92 2036 $ M72 $ IA] $ - $ am $ - $ - $ E.64 $ 0.35 $ a" $ 0.04 $ - $ - $ 1.28 $ 3.91 2037 $ 0.77 $ 1.82 $ - $ 0.05 $ - $ - $ 2,64 $ 0.37 $ 0.87 $ am $ - $ - $ 1.28 $ 3.92 2030 $ 0.8E $ 1.76 $ - $ 0.0 $ - $ - $ E.64 $ 0.40 $ 0.85 $ Dan f - $ - $ 1.28 $ 3.91 2039 $ 0.88 $ 1.71 $ - $ am $ - $ - $ 2161 $ 0.43 $ 0.82 $ am $ - $ - $ 1.28 $ 3.91 2040 $ 0.94 $ 1.65 $ - $ 0.05 $ - $ - $ 1.64 $ 0.45 $ 0.79 5 am 5 $ 1.18 $ 3.9E 2041 $ 1.01 $ 1.58 $ - $ OAS $ - $ - $ 2.0 $ 0.48 $ 0.76 $ am $ - $ - $ 1.28 $ 3.9E 204E $ I'm $ 1.51 $ - $ ADS $ - $ - $ 2,64 $ 0.52 $ 0.72 $ 0.01 $ - $ - $ 1.28 $ 3.92 2043 $ 1.15 $ 1.43 $ - $ 0.0 $ - $ - 5 2,64 $ 0.55 $ 0.69 $ 0.04 $ - $ - $ 1.18 $ 3.9E acted $ 1.23 $ 1.35 $ - $ am $ - $ - $ 2.64 $ 0.59 $ 0.65 $ min $ - $ - $ 1.28 $ 3.91 2045 $ 1.32 $ 1.27 $ - $ am $ - $ - $ 2.64 $ 0.63 $ 0.61 $ am $ - $ - $ 1.28 $ 3.92 2046 $ 1,41 $ 1AS $ - $ 0.M $ - $ - $ 2.64 $ 0.68 $ 0.56 $ am $ - $ $ 1.28 $ 3.92 2047 $ 1.50 $ Last $ - $ am $ - $ - $ 2.61 $ 0.72 $ %51 $ am 5 - $ $ 1.28 $ 3.92 20MB $ 1.61 $ 0.97 $ - $ am 5 - $ - $ 2.64 $ 0.37 $ 0..47 $ am $ - $ 5 1.28 $ 3.92 1049 $ 1.72 $ 0.86 $ - $ 0.06 $ - $ - $ 2.64 $ 0.82 $ 0.41 $ am $ - $ - $ 1.28 $ 3.92 1050 $ 1.114 $ 0.74 $ - $ 0m $ - $ - $ 2.64 $ 0.88 $ 0IS $ 005 $ - $ - $ lank $ 3.92 1051 $ L96 $ 061 $ - $ O.M $ - $ - $ 3.64 $ 0.94 $ .21 $ am $ - $ - $ Lank $ 3.92 1052 5 2,10 $ 0,47 $ - $ 0.% $ - $ - $ 2.64 $ 1.01 $ 0.13 $ 0.01 $ - $ $ 129 $ 3.9a 1053 $ 2.15 $ 0.33 $ - $ 0.07 $ - $ - $ 2.61 $ 1.08 $ 0.16 $ 0.05 $ - $ - $ 1.28 $ 3.92 2054 $ 2.40 $ 0.1J $ $ 0.0) $ $ am $ 1.15 $ am$ am $ (1,351 $ $ 0.03 $ 0.07 TM41 $ 31.N $ M.94 $ (3.96f $ 1.18 $ O.N $ (Ebo( $ ]1.33 f 15.1E $ 10.41 $ 35A6 $ 105.80 footnotes: (a) Interest is calculated at a rare of 7.00%. (bj The Mau at Collection Costs were lnkia8y funded atbond closing and while%vied the art Collection Costs component of the Initial Major Improvement Assessment will not be col4cled in the acerb years but the Cap ry will resume coRetlbn of the At Collection Costs once t he Administrative fund balance Is reduced to 5E0,000. (c) The Delinquenry, and Prepayment Reserve Account was Owthlryfunded atc osFb Additional Interest shall be interred on the Initial Major 4npmvement Bonds when the Dellnquenry and Prepayment Be serve Account is below 2.5%of the paramount Of the Initial Major Impnowment Bonds. (dj Ealudeslhe TIM Mutual Credit Amount which wa be nkulated annualWA each At SeMse%an Update. The fi8mes shown above are estimates su and subject to change In Mnual service Mao Updates. Changes In Mmust Cc1I,rIan Cost, the collection OfMdhlonal Interest, reserve fund requirements, Interest earnings, or other available others could lnvease or decrease the amounts shown. lej Preliminary Estimate. Collections foe Reimbursement Obllgtlbn wih be®n foilnMlM Additional Major Improvement Assessments Trigger Date. IIj Interest on the Reimbursement Obligation Is calculated at a rate of ).00%which Is less than 2%above the highataverage ate dine 5&P Municipal 110Ywld IndeawMch was 5.50%for October2024, as required by the PID AIL If PIA Bonds are Issued, rue Interest rate an the Assessment will adjust to the Interest rate On such PID Bonds plus the Additional Interest. The first Interest payment Included In the Additional Major Improvements Annual lnsta0ment due 1/31/2026Is projected based upon the Insane ofndd100nal Major Improvement Bonds 1n2025. Is)Assumes the release of reserve fund money In final assearcentyear. It such reserve fund money is not available, she Mal Initial Major bnprovement Assessment and final Additional Major Improvement Assessment will Increase. Ih)Additional Interest shall be collected upon the Issuance of the Additional Major Improvement Bonds.