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Home My WebLink AboutOrdinance No. 2026-21 recordedRP-2026-317746 08/05/2026 ER $221.00 ORDINANCE NO. 2026-21 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD, TEXAS, APPROVING THE 2026 ANNUAL UPDATF"TO THE SERVICE AND ASSESSMENT PLAN AND ASSESSMUNTROLL FOR THE FRIENDSWOOD CITY CENTER PUBLIC IMPROVFI'MENT DISTRICT, INCLUDING TI IE COLLECTION OF THE 2026 ANNUAL INSTALLMENTS. REPEALING ALL ORDINANCES OR PARTS OF ORDINANCES INCONSISTENT OR IN CONFLICT HEREWITH: PROVIDING FOR SEVERABILITY AND AN F.FFFICTIVI,", DATU''THERFOF. WHEREAS, the City offriendswood, Texas (tile "City") received a petition meeting the.. requirements of Section 372.005 of the Public Improvement District Assessment Act (tile "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, the petition contained the signatures of the owners or taxable property representing more than fifty percent of the appraised value of taxable real property liable for assessment within the boundaries of the proposed District. as determined by the then current ad valorem tax rolls of the Harris County Appraisal District and the signatures of property owners who own taxable real property that constitutes more than filly percent of the area of all taxable property that is liable for assessment by the City, and (0 WHEREAS, on November 6, 2023. the City Council approved a resolution (the "Resolution") to provide for a public hearing date ol'December 4. 2023, to consider the creation CIO of the District, and (6 C\I WI IERFAS, notice of the hearing was published in a newspaper ofgencral circulation in C) 1" 04 the City in which the District is to be located. in accordance with the Act; and ry WI -I EREAS, notice to the owners ol'property within the proposed District was sent by first- class mail to the owners of 100% of the property sub ' ject to assessment under the proposed District containing the information required by the Act such that the owners had actual knowledge of the public hearing to be held on December 4. 2023; and WHEREAS, the City Council approved the creation of the District by resolution on January 8, 2024 (the "Creation Resolution".) and filed the Creation Resolution in the real property records Of Harris County, as authorized by the Act, and WHEREAS, pursuant to Sections 372.013, 372.014, and 372.016 of the Act, the City Council directed the preparation of a Preliminary Service and Assessment Plan for Authorized Improvements within the District (the "Service and Assessment Plan") and an assessment roll for the District (the "Assessment Roll") that states the assessment against each parcel of land within the District (the "Assessments")-, and WHEREAS, the City called a public hearing re I regarding the proposed levy or Assessments pursuant to the Service and Assessment Plan and the proposed 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 Assessments. as defined ill 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 Assessment Roll attached to the Service and Assessment Plan and the levy ofAssessments on property in the District to the last -known address of the owners of the property liable for the Assessments; and WI IEREAS. the City Council convened the public hearing at its regular meeting on the 4 Ih day ol.'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 Assessment Roll, and the proposed Assessments. and to offer testimony pertinent to any issue presented on the arnount of the Assessments, the allocation of the costs of the Authorized Improvements. the purposes of the Assessments, the special benefits of the Assessments. and the penalties and interest on annual installments and on delinquent annual installments of the Assessments, and WHEREAS, the City Council approved an ordinance levying Assessments on property within the District on November 4- 2024: and WHEREAS, pursuant to the Act, the Service and Assessment Plan and Assessment Ro It is ti required to be reviewed and updated annually as described in Sections 372.013 and 372.014 of the PID Act, and coWHERFAS, the Service and Assessment Plan and Assessment Roll was last reviewed and N updated on August 4, 2025, via Ordinance No. 2025-25: and C) N WHEREAS, the City Council has directed that an update to the Service and Assessment ry Plan and the Assessment Roll for the District be prepared for 2026 (together, the "2026 Updates"); and W I IFRFAS. the City Council now desires to proceed with the adoption of this ordinance approving the 2026 Updates attached thereto, in conformity with the requirements of the PID Act, and WI-IFREAS. the City Council finds the passage of this ordinance to be in the best interest of the citizens offriendswood, Texas: NOW THEREFORE, BF.' IT ORDAINED BY THE CITY COUNCIL OF TFILI CITY OF FRIENDSWOOD. STATE OF TEXAS: Section 1. That all matters stated in the preamble are found to be true and correct and are incorporated herein as if copied in their entirety. Section 2. That the 2026 Updates. which are attached hereto as Exhibit "A" and incorporated herein for all intents and purposes, are hereby approved and accepted as provided. Section 3. |fmly portion uythis ordinance shall, for any reason, be declared inva|id by any court of competent iurimdiction, uuoh invu|idity shall not affect the remaining provisions hcruof� and the Council hereby determines that itpm`u|d have adopted this ordinance without the invalid provision. Scotkon4. That this ordinance shall bnuunnu|advco[all other City ^ ordinances: and all other provisions o[other ordinances adopted h*the (�' vvhichare inuonai�cntv/iththe to�nsor provisions of|his ordinance are hereby repealed. Section 5. It ishereby declared Uo be the intention ofthe City Council o[the City of Friendswood.Texas-that sections, paragraphs. clauses and phrases of this ordinance are severable-, and i[ony phrase. Clause, sentence, paragraph nrsection ofihixordinance shall be declared legally invalid or unconstitutional by the validjudgment or decree of any court of corripetent.'urisdiction, such legal invalidity o/'unconstitutionality shall not affect any o[the remaining phrases, clauses, sentences. paragraphs orsections nfUhixordinance since the same would have been enacted by the City Council o[the City o[Prionduvvoodwithout the incorporation inthis ordinance ofany such legally invalid or unconstitutional, phrase, sentence, paragraph or section. Section b. That the City Secretary is hereby directed to 8k: o copy o[dnix ordinance and the 2026Updates inthe real property records oFHorrmCounty, Texas not later than the seventh (7t) day after (lie date the City Council adopts this ordinance approving the 20226 Update, and Section 7. The City Secretary iu directed to post u copy o[20216 Update. including e copy o[dlenotice form required bySection 5.0|4uftheTexauProperty Code. msamended. onthe '~ internet website rnaintainedor used by the City forthe purposes of Section 26. IS. Texas Tax Code, CO as amended, not later than the seventh (7m) day after the date the City Council adopts the 2026 Update. Section 8. The City Secretary isdirected |ocause moopy of the 2026 Update. including [L the Assessment Roll. inthe format required bySection 372.Oi7(h)o[|hoP[DAct, iobcsubmitted ry to the Galveston Central Appraisal District not later than the seventh (7«`) day after the date the City Council adopts this ordinance approving the 202hUpdate. Section 9. This ordinance shall take effect yrnmand after its passage onsecond reading bythe City Council oythe City o[Friendnvvood.Texas. [Signature pages tofollow] 3 INTRODUC IJ). READ, AND PASSED on first reading by the affirmative vote of the City Council of the City of Fricridswood this 6"' day of.luly, 2026. ATTEST: RAQdEL(9RTINI-'IZ. City secre, r All]"R(-)V[-"I,) AS TO FORM: KAR'17'N L HORNER. City Attorney STATE OFTPXAS § COUNTY OF GALVESTON § Before tile, the undersigned authority, on this day personally appeared Mike Foreman. the Mayor of the City of Friendswood. known to me to be such person who signed the above and acknowledged to me that such person executed the above and foregoing ordinance in my presence for the purposes stated therein. Given under my ]land and scat of office this 6"' day of.)uly. 2026. sfi L f N DA N PLW" f J.-N TAMflr) 42 49�j Public, State of Texas MY ComrmSS "n Expin j Aprd 9, 2027 INTRODUCED. READ. AND PASSED on second and final reading by the affirmative vote of the City Council of the City of Friendswood this Yd day of August. 2026 KAREN L IJORNER. City Attorney STATE OFTEXAS § (0 § COUNTY OF GALVESTON § co Before me. the undersigned authority. on this day personally appeared Mike Foreman, the (6 Mayor of the City of Friendswood, known to me to be such person who signed the above and N I C) acknowledged to me that such person executed the above and foregoing ordinance in my presence 04 for the purposes stated therein. ry Given under my hand and seal of office this the 3"' day of August, 201-6. [NOTARY STAMP] No ary ublic, State ofTexas U. LINDA r F�- �i,) N Iry iL L IND A i\j r o;,, Notary iD I ,4y A,pri! 9, I I!Wjty - A pprovi rig 2026SAT' ('pdatu Frwndswood 01�, Cenler P] D doc ,A 7.9 INTRODUCTION --------- Capitalized terms used in this 2026 Annual Service Plan Update shall have the meanings set forth }nthe 2U24Service and Assessment Plan (the "5AP"i The District was created pursuant to the P|D Act by Resolution No. 2024-01 on January @L 2024 by the City Council to finance certain Authorized Improvements for the benefit of the property in the District. On November 4, 2024, the City approved the SAP for the District by adopting Ordinance No. 2024- 37 which approved the levy of Assessments for Assessed Property within the District and approved the Assessment Roll. On September @L 2025, the City approved 2025 Annual Service Man Update for the District by adopting Ordinance No. 2025-25xvhich updated each Assessment Roll within the District for 2025. The SAP identified the Authorized Improvements to be constructed for the benefit of the Assessed Parcels within the District, the costs of the Authorized Improvements, the indebtedness to be incurred for the Authorized Improvements, and the rnanne, ofassessing the property in r~ V- the District for the costs of the Authorized improvements, Pursuant to the PID Act, the SAP must �— he reviewed and updated annually. This document is the Annual Service Plan Update for 2026. co The City Council also adopted an Assessment Roll identifying the Assessments on each Lot within C) the District, based on the method ofassessment identified in the SAP. This 2026Annua| Service ' Plan Update also updates the Assessment Roll for2O2G. ry nnpmmsxvonuCITY CENTER PUBLIC IMPROVEMENT onnntCT 2026 ANNUAL SERVICE PLAN UPDATE The final plat ofFhendsvvood City Center was filed and recorded with the County asdocument number RP-2O25-3l7434unAugust lZ,l0Z5. See Exhibit C for the Lot Type classification map. Current ownership within the District is based on 'information provided by the Developer and available information and is subject to change as development occurs and property is conveyed. Updated ownership and development information for Assessments securing P0 Bonds may be available through continuing disclosure filings accessible via the K4SRB's EKqMA bysearching for the District. For Assessments securing reimbursement obligations to the Developer, the summary of current ownership within the property securing such Assessment is based on information provided by the Developer and other publicly available records. See Exhibit D for buyer AUTHORIZED IMPROVEMENTS A summary of the Authorized Improvements, including the original estimated costs of the �- Authorized Improvements and allocation ofsuch costs, is provided in the SAP. The Authorized Co Improvements and estimated costs as described in the SAP are for Assessment purposes and do - ~ not represent a guarantee of construction timing or Actual Costs. 04 u- Information regarding the status of Authorized Improvements, including construction progress, ry estimated completion timing, and budget information, including any updates to the original estimates of costs, is based on information provided by the Developer and other available project information atthe time such information is compiled. Such information may be updated from | time to time. OUTSTANDING ASSESSMENT The Initial Major Improvement Assessments has an outstanding Assessment of536,9O7,OOO.0O. The Additional Major Improvement Assessments has an outstanding Assessment of $27,746,000.00. Information for Assessments securing PID Bonds may be available through continuing disclosure filings accessible via EK4K4A vvebsite by searching for the District. A debt service schedule is m|smnSvuoOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 2 i1i'll ME attached as Exhibit B-1 and a schedule for the reimbursement obligation is attached as Exhibit __ TIRZ ANNUAL CREDIT The TIRZ No. 1 Annual Credit Amount shall only be applied as further described in the SAP. Lot Type 1 76,408 S 2.08 Lot Type 2 268'800 1.73 Lot Type 3 115 782.44 Lot Type 4 194,050 1.46 Lot Type 5 750,000 2.35 TheTlRZ No. 1Annua| Credit Amount by Parcel is Included in the Assessment Rolls attached hereto asExhibit Ar1. ANNUAL INSTALLMENT DUE 1/31/2026 � and Interest — The total principal and Interest required for the Annual Installment isshown below o 776ZCredit - The total principal and interest credit from the TlRZ No. l Fund for the Annual Installment iscalculated *n a per lot basis asshown inthe Assessment � Additional Interest Reserve — Additional Interest is collected and deposited into an account ofthe Reserve Fund. The Additional Interest is calculated in accordance with the governing documents, resulting intAnnual Installment asshown below. Principal Interest Capitalized Interest Additional interest Annual Collection Costs Less ACC Credit Total Annual Installment pmswoSmxOouCITY CENTER PUBLIC IMPROVEMENT DISTRICT 2026 ANNUAL SERViCE PLAN UPDATE 694'0OO.OD 3'825,710.00 - 184536I0 75,763.00 (55,166-95 � 4,724842.05 13 in Annual Collection Costs —The cost of administering the District shall be paid for on a pro rata basis by each Parcel based on the amount of outstanding Assessment remaining on the Parcel. The total Annual Collection Costs budgeted for the Annual Installment is shown below. City Auditor 675-30 Filing Fees 675,30 County Collection 675.30 PID Trustee Fees 4,50D.00 Draw Request Review $ 11,500.00 Less CCMB Credit from Prior Years $ (10,000-00) Arbitrage Calculation 1,500.00 ITotal Annual Collection Costs 55,166.9S �r co Administration 15,201.95 C:) Filing Fees 324-70 County Collection 32430 ry .'° Trustee Fees ~ Draw Request Review 3,9I0.00 P3Works Dev/|ssuerCDAReview $ - Past Due P3VVodo'LLCInvoices $ 510.00 Collection Cost Maintenance Balance $ - Less C[K88Credit from Prior Years Arbitrage Calculation � Total Annual Collection Costs 20,596.05 � Credit $55,166-95 Annual Collection Costs initially funded at bond closing will be applied in accordance with the terms of the SAP, reducing the total Annual Installment by $55,166.95. pm|sNnfm#CImcnY CENTER PUBLIC IMPROVEMENT DISTRICT 4 --------------------- 11 ------------- ---------------- ----------- PREPAYMENT OF ASSESSMENTS ------------------------------- Informatlon regarding any full or partial Prepayments of the Assessments are reflected in the corresponding Assessment Roll. ---------------- ------------------------- SERVICE PLAN - FIVE YEAR BUDGET FORECAST ----------------------------------- --'- ------ 1-11" �- � -- ------------------ --------- The PICA Act requires the annual indebtedness and projected costs for the Authorized Improvements to be reviewed and updated in the Annual Service Plan Update, and the projection shall cover a period of not less than five years. umtiol&lojor ky,.prnvP.rnPrit Principal $ 468JWO.()0 S 499,000,00 $ 533,000.0D S S 10'1100J)o $ 609,000.00 Interest "" S 2,583,490.00 2,515,800,00 S 2,478,49000 $ 2,413.!,9t).00 capitali2ed lflte.re.st $ $ - S - S 1,0L,,1.4c0.00 S 3.049,730.00 S 3,048,300.00 c 3,00,4')0-00 3,047,590.00 Additional liiteresV"` 18,1,5 3 5 .{) 0 $ 182,-,95.00 1 ?9, 10000 5 '177,035,00 174,185,-Jo Annual Collection Costs 5 5, 1 G6.9 5 $ 54,740.29 45,83.11.09 5 515.951,80 $ 58,090-83 Annual Collection Cost-ti Criedit:7` $ 156,951.80) Total Annual In-5tallment Due (5) t (1) + 12) + (3) + (4) 3,236,025.00 $ 3,231,925-00 $ 8,228,500,00 3,225,525.00 $ 3,279,965.83 Adderennot Majo r Ini provenTer. ts Reimbursement Obf;goricir, Principal 226,000.00 5 2 4 4 r(l DG-0 0 $ 26o,000.M, 277,000.00 $ 295,000.00 Interest 1,242,220fl4) 5 1,M,400M $ 1,209,320&[J 1,1511,120,(l0 $ 1,17 1,731J.0() 11,4(58,220,00 1,410,401100 $ 1,469,321)N $ 1,468,120,00 $ 1,466.73000 Additiona' Interest"' Annual Collection (cistsi' (7) 2C,S96.05 $ 211.4,87.77 $ N,897 53 $ 21,315.49 $ 21,741.79 In ry Total Annual Installment Due (9) = (5) + (6) * (7) 1,488,916.05 $ 1,490,997.77 $ 1,490,217.53 $ 1,489,435,48 $ 1,489,471.79 [a' Calculated at the rate on, the r,,c,.rie5 20M Bonds plus Additianal Interest. [b] Additional Interest shall be collected on the Initial Major Improvement Bonds when the Delinquency and Prepayment Reserve Account is below 2,S% of outstanding bond par. [c) The Annual Collection Costs were init,alty funded at bond closing and while !evied the Annual Collectien Cmt% component of the Initial Major lrrr.provemerit Assessment will not be collected in the early years but the City will irsijnie rollrLction of the Annual Collection Costs once. the Administrative Fund balance is aeducp.d to $20.000. [d] Internst on the. Reimbursement Obligation is calculated at a rate of 1.0131A which is less than ?,?' abi)ve the highest average rate cifthr, S&P Municipal High Yield Index which was 5.50% for October 2024, as required by the MID Act If PM Bonds are issued, the iriler6ist rate on the Assessment will adjust to the interest rate on the Bonds piers the Additional Interest, [e] Additional Interest mIl be. collected if Additional Major Improvement Bonds are Issued. ---------------------------------- ---------------------------- ASSESSMENT ROLL --------------------- ---------------- I ------------- --------------------------- The list of current Parcels or Lots within the District, the corresponding total Assessments, and current Annual Installment are shown on the Assessment Rolls attached hereto as Exhibit A-1 and Exhibit A-2. The Annual Installment due on each Parcel or Lot may be updated to reflect prepayments and/or redemptions paid prior to the Annual Installment being billed to the owner FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 2026 ANNUAL SERVICE PLAN UPDATE of the Parcel or Lot. The Parcels or Lots of Assessed Property shown on the corresponding Assessment Roll wiil receive the bills for the 2026 Annual Installments which will be delinquent if not paid by January 31' 2027.The Parcel Ms. shown within an Assessment Roll are subject to change based on the final certified rolls provided by the County prior to billing. If the owner of Parcel claims that an error has been made in any Assessment Roll required by the Levying SAP, a prior Annual Service Plan Update, or this 2026Annua| Service Plan Update, the owner's sole and exclusive remedy shall be to submit a written notice of error to the Administrator (at odrnin@p2+yurks.conn) by December 1siofthe year in connection with the approval of such year's Annual Service Plan Update, Otherwise, the owner shall be deemed to have unconditionally approved and accepted the Annual Service Plan Update. The Administrator shall provide a written response to the City Council and the owner not later than 30 days after receipt of such 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 anerror has been made. |fthe City Council determines that anerror has been made, the City Council shall take such corrective action as is authorized by the PID Act, this 2026 Annual Service Man Update, the applicable Assessment Ordinance, the applicable Indenture, or as r~ otherwise authorized by the discretionary power of the City Council. The determination by the co �r City Council as to vvhethe, an error has been made, and any corrective action taken by the City Council shall befinal and binding onthe owner and the Administrator. ry rmewnSwoomCITY CENTER PUBLIC IMPROVEMENT DISTRICT 6 ,A qffilm��p 2 7. ---------- - - --- -- ----------------------- i z I t V t; p P 2 T, 12 o W — — — - — — — - — — 8 - 8 j7 2 di \\\\\\\\ \ \ 6 6 n 2 n \ }\\\)\\\\) \\\ \\\\\\ 2s a 4i 5j 4 q, \\\}\ \\\\\\\ \��\\\\ ,`m ;T m --------------- Z3 ----------- - ---------- EXHIBIT B-1 - DEBT SERVICE SCHEDULE ----------------------------- The foltoiviii2 uible sets forth the debt service requirenit-lits for the Boucle: Yen Ending iSeptembev 30) principal Interest Total S 2.066,-9-1.00 $2,066.79100 2-583J90.00 1.5583A90.00 S 46&000,00 2.583.490.00 3.05 1.490.00 '202S 499.000,00 2,550,730.00 3.049.730.00 2029 533.000.00 2,515,800M 3.048.800.00 03 0 5- .1� 0 � 00 0, 0 0 2.41' 8. -490.00 3.04S.490.00 ?031 609.000,00 2.438.590.00 3.047.590.00 203-1 650.000A0 3.04,3a960.00 '1033 695.000,00 - 1.350,400,01D - 5.460.00 4.04 1034 742.000-00 -1.301.810.00 3,043.810,00 '03 5 -193.000.00 2 3.04 ".870.00 -1 2036 847.000.00 -2A94360-00 3.041.360.00 203� 906.0W00 2A35.0'0,00 3.041.070,00 2038 968.000.00 1 ! -2.0-1.650.00 3.039.650M 2 0 3 �1� 1.034.000.00 .2.003.890.00 3.037,.S90.00 2040 1.106.000.00 1.931,510-00 3.037.510.00 2041 1.182.000A) 1.854.090.00 3036.090M C0 2042 1.263.000M L "1.350.00 3.034.350,00 (6 2043 1.351.000.00 E682.940.00 3,033.940M N C) '044 1A44.000-00 1.588,370.Go 3.032.3-70.00 2045 1.544.000,00 1.487-290.00 .11.03L29000 040 1.650,000kO 1,379.210-00 3.029-210M ry 204 l.764.000.00 1.263.7 10.00 3.02-",'71(),00 2048 1 .886,000,00 1 . 140.230.00 3,026.230-00 2.01 -.000M 1.008.110.00 3.025.110.00 2050 2.15 7.000.00 867,020.00 3.0214.020,00 051 2.306.000M 716.030.00 3.02-7.030,00 205 21 55.1.610.00 3.010,610.00 '1043 2.63-.000,00 3S1.990.00 3.016 990. 0 '054 L820.000.00 197.400,00 3.01'.400.00 Total sifilm.m.aq S52.744412,110 589.01.412.0ft FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 2026 ANNUAL SERVICE PLAN UPDATE �r ry Footnotes: [a] Interest nnthe Reimbursement Obligation is calculated at rate o/7.U0%which is less than 2% above the highest average rate of the S&P Municipal High Yield Index which was 5.50% for October lO24`asrequired bythe P|DAct. |fP|DBondsareissued'theinterest/ateontheAoesment will adjust tothe interest rate onsuch P|DBonds plus the Additional Interest. [blThe figures above are estimates only and subject to change in Annual Service Plan Updates. Changes in Annual Collection Costs, interest earnings, or other available offsets COUld increease or decrease the amounts shown. pwIEmnomxOOuCITY CENTER PUBLIC IMPROVEMENT DISTRICT 10 -------------------------------- EXHIBIT C — LOT TYPE CLASSIFICATION MAP ------------------------ I ---- I ------- ---------------------- 11 ------------ HOTEL 1 115 ROOMS RETAIL j 76,408 SF OFFICE i 194,65G SF MIXED USE I 268,8W SF GARAGE 11.016 PARKING SPACES APARTMENTS I 150=0 SF FM 523 FRI E NDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT 2026 ANNUAL SERVICE PLAN UPDATE 11 is's EXHIBIT D - BUYER DISCLOSURES Buyer disclosures for the following Lot Types are found in this Exhibit: p Lot Type 1 • Lot Type 2 m Lot Type 3 � Lot Type 4 � Lot Type 5 �� qnewoSWOomCITY CENTER PUBLIC IMPROVEMENT DISTRICT 2026 ANNUAL SERVICE PLAN UPDATE 12 FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT — LOT TYPE 1 BUYER DISCLOSURE ------------------- NOT'ICT, OF0131AGATIONS RHA IVI)TO I'l.'13[,IC'IMI)ROVI-.M]'N'I'I)IS'I'1i[(."l' 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 improvernerit districts described Under Section 372.005). or Chapter 382, Local Governmem Code, shall first give to the purchaser cif the property this written notice, signed by the seller. For the purposes of this notice, a contract 66r the purchase and sale of real property having a perl'ormance period of less than six months is considered a sale requiring the notice set forth below. This notice requirement do" Tiot apply to a transfer' I} under a court Order oi- foreclosure sale: 2) by a trustee in bankruptcy 3) to a mortga,)ee by a mortgagor or successor in interest or to a beileficiary of deed of trust by a trustor or successor in interest: 4) by a mortgagee or a beticliciarV 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 - (10 ordered loreclosure 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 Lstatc. guardianship, conservatorship. or trust: co 6) from one co-owner to another co-owner of an undivided interest ill the (6 real property: C) 7) to a spouse or a person in the lineal line of consang,,uirilty of the seller., 04 8) to or from a governmental entity: or ry 9) of only a mineral interest, leasehold interest, or security interest The following notice shall be given to a prospective J)LII'Chascr before the execution cif binding CO11tract 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 properly records of the County in which the property is located at the closing of the purchase and sale of the property. AFTFR RF"CORDING' RETU'RNTO, NOTIC' 01-0111_1GATIONTO PAY IMI"liOVI-'M[7N-I'I)IS-I'1t](,'I"ASSESSMENI'-I 0 CITY ()]-'[-'Rll,',Ni)swoot),,rt-,XAS COT\TCF1IZNINNGTI IF, FOH ,OWING PR( PEIRTY STRI_ LOT TYPE I PRINCIPAL ASSESSMENT: $41.17 per Square Foot As the purchaser of the real property described above, you are obligated to pay the costs Of a P01-6011 Of a J)UbI ic improvement or assessments to City oH riendswood,Temas. I'M services project (the "Authorized Improvements") undertaken for the benefit of the property within Frietidswood City Center Pahlic lmj)rovemew District (the "District") created under. Subchapter- A., Chapter 372, Local Government Code. (.0 AN ASSESSMIXI'l [AS 131-'EN H'VII-I'll) AGAINSTY011IR PROPU'RTY ['OR '1111" ti AUTI IORIZED IMPROVEIMI-`.NTS, Wi[l(-] I MAY III' PAID IN FULI,, AT ANY TIME. IF Orl co TI IF ' ASSESSMENT IS N ["All) IN FU[A, IT Wll,[, BE' DUF. AND PAYABIJ` IN (6 ANNUAI., INSTALLMENTSTHAT WILL, VARY FROM Yl-'AR TO YEAR DI'll"FNDING -1 04 ON TH V AMOUNT OF INTFREST PAID.. CTION COSTS, ADMINISTRATIVI' C) 04 COSTS. AND DEJINQUFINCY COS I'S. ry The exact arnount of assessment may be obtained from City of Friendswood. The exact amount ofeach 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 Mounts and due dates, may he obtained frc)rn City of Friendswood. YOUrfai I Lire 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 properly. I To be inciuded in separate copy of the notice required by Section 5.014 3. 1 ex. Prop. Code, to he executed at the closing of the purchase and saic and to be recorded in the deed records of I IaTriS County when updating for the Current firforniation of Obligation to flay improvement District Assessment. Z� I the Undersigned purchaser acknowledges receipt of this notice before the effective date cif binding contract for the purchase ofthe real property at the: address described above. DATF - SIGNATU10' OF PURCHASt'A DATI-I': SIGNATUREM PURCHASI",R The undersigned seller acknowledges providing this notice to the potential purchaser beflUre the effective date off binding contract for the purchase of the real property at the address described above. I ) A] - I ".- SIGNATURE 01. St"111"R Ill MIN 4 SIGNA R.JR11" OF St'L-.]-L'-'R] � 'Icy be included in copy of the notice required by Section 5,0 14, J ex. Prop. Code. to be executed by seller in accordance with Section 5,014(a- I). 'I'm Prop. Code. Signature Paoe to Initial Notice L, Z- of0bligation Icy l',iy Improvement District Assessment [The undersigned purchaser ackno"., I edges receipt of this notice bef'orethe effective date of 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 CLII*I*Cnt information required by Section 5.0143), Texas Property Code, as amended. DA'['[,'- SIGNATURF' OF PORCIIASFR STA,rj.' OF FFXAS COUNTY OF DATI 11: SIG-NATURF' OF PURCHASI-A The foregoing instrument was acknowictlged before me by —and known to me to be the person(s) whose name(s) is/are subscribed to the liaregt� tag instrument, and acknowledged to me that lie or she eXCCLIted the sane For thc purposes therein expressed. ti Given under my hand and seal of office on this ----- - - - — - -- -------- 20 CO (6 04 C) 04 Notary Public. State oJ'TLxaS]3 ry To be included in separate copy of the notice required by Section 5.0143. Tex. Prop. ('ode, to be executed at the closing of the purchase and sale and to be recorded in the deed records of larris County. Purchaser Signatur-e NgC to Final Notice vvith Current Information of Obligation to Pay Jill provenient District ASSeSSMCTI( [[hCunderxkgncJm�[�rou�oo pn�v�din�uacporo�uop�u�d�zno1iccro�u�ud bv Section 5.014 of' file Texas pnxpcdy Code including the current iuf6nno1ion required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase o[Uhe n:a| property aithe address above. [}ATI 4�: 817\lI -'OP|A A S CAUNTYDF CV\llH': S[ONATUKI`O[S2llJEl The[b iusbornontwas acknowledged before nooby and , known to me to bc(he pncsun(s)whose name(s) is/are subscribed to the tbocgoio�insbunnun,and ocknov/|odgodhoroothat hoorshe executed the sooiofbrthe Purposes therein expressed. Given under my hand and xcy| ofof5oooil this , 2O . __ �r 04 04 Notary Public, State ofTexas CO ry *Toboincluded inseparate copy ofthcnotice required bySection 5.U|43,Tex. Pruy Code, mhoexecuted oothe closing ofthe purchase and sale and to be recorded in the deck] records of I larris County. Seller Signature Page to[irial Notice with Current [ol'ormItioll V-4 ui 0. 0 z LLJ CIO Ln (6 z C\l C) N z ry z - - ----------- 4 . . . . . . - - - - - - - - - - — — - - — — - - — - — - Z 37. 2 6 d o c. Rl Y I r. E 21 2 61 ell S 3 e± P, 8 Ol S . . . R E S 0 7� — U. — - - — - - - - or. — - - - — —v. — — — — - - 0 12 1� "I P, ry X 2 Q 1. s p z 2 �14 81 2 3 - - - - - — — - - - 11 11 v. - — — — - — — - — — — - — — — — - — - g I - - - - - — — - - - �v.......... % 14 9 �l — — -------- --------- - - NTOTICI ?OF Oil I A-iATIONS RE LA IT.DTO PtJ]31,,,]('IMI'ROVEMI-'N'1'1)[S-I'R,[(']' A person m,ho 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 liar public improvement districts described under Section 372.005). or Chapter 382, Local Government Code, shall first give to the purchaser oi'the property this written notice, signed by the seller. For tile pill -poses of tills notice, a contract for the purchase and sale of real property having a perf'Ormance period of less than six months is considered a sale requiring the notice set Forth below. -1 his notice requirement does not apply to a transfer: I) under a court order or foreclosure sale; 'I) by a trustee in bankruptcy; 3) to a mortgagee by a mortga or or successor in interest or to a beneficiary of deed of trust by a trustor or successor in interest, 4) by a mortgagee or a heneficlary under a deed oftrust who has acquired the land at a :a le conducted under a power ofsalC UndCr a deed oftrust or a sale under a court - Co ordered IOrCCIOSUre or has acquired the land by a deed in lieu of foreclosure: S) by a Fiduciary in the course of the administration of' a decedent's estate, guardianship, conservatorship, 01' trust, Co 6.) from one co-owner to another co-owner cal- an undivided interest in the (6 real property-, IN C) 71) to a spouse or a person in the lineal line of consanguinity ofthe seller, 04 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or WCUFAV interest ry The following notice shall be given to a prospective purchaser before the execution of binding contract of purchase and sale, either separately or as rin addendum or paragraph ol'a purchase contract. In the event a contract of purchase and sale is entered into without the seller having provided the I-CCILdred 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 ofthe county in which the property is located at the closing of the purchase and sale of the property. AFTI,".R RI"ICOIRl)]N'(,j'R[-v"I-URN'1'0: NOTICLOFOBLIGATION TO PAY IMI'l�OVEMI,-,"N'I'DIS'I'RIC,'I'ASSESSMI--'N'l"l'O CITY OF FIkII'NDSWOODJ I,`XAS ('ONCI-,.RNIN(i']'Ill-'IT'OLL(.)WIN('i PROI+RTY STREEA'Af.)DREISS LOT TYPE 2 PRINCII VAL ASSESSMENT: $34.24 per Square Foot As the purchaser of' the real property described above, you are obligated to pay assessments to City of'Fricndswood.Texas. for the costs of a portion of a public improvement or services pro . iect (the "Authorized Improvements") undertaken for the bencht of the property within Friendswood City Center Public Improvement District (the "District") created Linder I Subchapter A, Chapter 172, 1 .ocal. Government Code. AN ASSESSMENT HAS BI4FN 11'VIED AGAINST YOUR PROPFRTY FORTI*1' ti AUTHORIZED IMPROVEMF'NTS, WHICH MAY BE PAID IN FULL AT ANY TIMF.- IF co "1'1117 ASSI-SSJ%1FN_I_ IS NOJ PAID IN FULL. 11 WILI_ BE DUE AND PAYAB11"'. IN (6 ANNUAL INSTALLMI-INTS THAT WIH. VARY FROM YEAR TO YEAR D111"PENDING 04C) UN THE. AMOUNT OF INI'ERES'l PAID., COLH-CTION COSTS, ADMINISTRATIVE 04 COSTS, AND DFII,INQUENCY COSTS. ry The exact aIT101.1111, of the assessment may be obtained from C11v of Friendsm,00d. The exact amount of each annual installment will be approvod each year by the Frlend.,;waod City Council in the annual service plan update fbr the District. More Information about the including assessmcrits. ig the amounts and due dates, may be obtained fi-orn City of'Friendswood. Your failure to pay ariv assessment or any annual installment may result in penalties and interest bein I g added to what you owe or in a lien on and the foreclosure of your property. I - - --- . To be included in separate copy of the notice required by Section 5.01 43, 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 Ctirrent Information of Obligation to [lay Improvement District ASSCSSTI)ent. [The Undersig.ned purchaser acknoxv ledges receipt ofth Is notice beforethe effective date ol'a bindins, contract for the purchase of the real property al. the address described above. D ATI SIGNATURE OF PURCHASU'R DATE_: Sl(jNA']-'t)Rl-' OF PURCHASER The Undersigned seller acknowledges providing, this notice to the potential purchaser before the effective date ol'a hinding contract lot, the purchase of the real property at the address described ,ihove. DATE: SIGNATURE, OF S I-1- Ll_',R MI': SIGNATURE OF SHAA;R 2 To be included in copy of the notice required by Section 5,0 14, Tex. Prof?. Code, to be executed by seller in accordance with Section 5 A I 4(a- I ), Tex. Prop. Code, Signature Pa0e to Initial Notice ol'ObI11ation to P,'1V Improvement District Assessmont, [The undersigned purchaser acknowiedges receipt of'this notice before the effective date of 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 CLII-reflt information required by Section 5.0 143, Texas Property Code, as amended. DATE: S[GNATURF OF PURCI IASFR S:'I'A'1'1" OF TFXAS COUNTY OF DATf ?: SIGNAJURF OF PURCHASER The foregoing instrument WW,; acknowledged before ine by and known to me to be the person(s) whose name(s) stare subscribed to the foregoing instrument. and acknowledged to me that he or she executed the same for the Z;D purposes therein expressed. ti Griven under im, hand and sea] of ofticeon this fi Co (6 04 C) 04 Notary Public, State of Texas]' ry ,' To be included in separate copy of the notice required by Section -5-0 143, Tex. Prop. ( ode, to be executed at the closing of the purchase and sale and to be recorded in the deed records offlarris County. PLIT'CJlWSCI' SiglIMUIV PU!,C 10 Final Notice with Current Information of0bli-ation to Pay Improvement District Assessment Z� IThe 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. [-)A'1'11-'- SIC NATU'RE OF SFILLI-A S-1 ATI '- OF TEAAS § COUNTY OF.- § DATE': SIGNATURE' OF SPILLER Fhe foret-,oin- Instrument was acknow-ledged befiore me by - - - -- - -------------------------- .,and known to me to be the person(s) whose name(s) IS/are subscribed to the foregoing Instrument, and ackilowledgcd to me that he or she executed the Same for the purposes therein expressed. CO Given under my hand and seal of office on IhIs CO C) N 6 Notary Public, State of'Tcxas I" ry 4 To be included in separate copy of the notice required by Section 5,0 143, Tex. Prop. Code, to be executed at the closing (if the purchase and sale and to be recorded in the (Iced records oft larris County. Seller `signature Page to Final Notice with Current Iril'ormatioll t, of'OblioIation to Pay Improvemetit Dislrhv[ Assessment LLI CL 0 z uj CIO (6 C\l C) z C\l ry z z M. Kj�l ZE L I Q 2 - - - - - - - - - - - — - — — - - - to- - p s; n 6 �j 6 o 6 H ni Ci E ci rvl 10 "0 Ic I n" -0 18 10 I'll 1N1 1. -0 �lt E n 6 Q o o o 0 0 c o o n n cs L, 6 b 6 C 6 n 6 C. C. E 1, 14 1- 0 TNV, 0 0 0 0 0 -1 1 n 0 0 0 0 0 0 0 0 11 E AR!, R M OL F gt-y - - - - - - - - - - - - - 0 0 o o 61 0 0 U 0 0 0 0 0 Ll 11 911 8 z 'Wk 0C N, 12 C, 8 G 1 117, h1 2 10, 18 IDI 0 0 0 0 1 Q 0 0 0 a 0 0 0 6 ism u 6 6 6 0 0 q 0 o o o 0 6 n n n n c 0 o o m o n n n 0 G o o d e E F E -2 E O cl� F bw 0 1 9 6 d - I C j I 'I 0 0 0 0 o o E W M NOTICE" OFORLI(JATIONS RFTAI I"IDTO P[,Jlil.l(-'IMPkOVI.".Ml-"N'I'DIS'I'RIC-l' 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 ]'or Public improvement districts described under Section 372.005). or Chapter 382, Local Government ("ode, 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 fbi-th below. This notice requirement does not apply to a transfer: er: I ) Linder a court order or foreclosure sale. 2) by a trustee in bankruptcy; 3) to a mortgagee a by morigag interest or to a beneficiary I _or or successor I ol'a deed oftrust by a truster or successor in interest; 4) mortgape a by W . _ e or a beneficiary under a deed oftrust who has acquired the land at a sale conducted under a power of sale under deed of trust or a sale under a court- (.0 ordered foreclosure or has acquired the land by a deed in lieu OffOrCCIOSUre-, 5) by a fiduciary In the course of the administration of a decedent's CSUItC. guardianship, conservatorship, or trust-. CO 6) 1-rom one co-owner to another co-owner of an undivided interest in the (6 real property; C) 7) to a spouse or a person in the lineal line OfCOn SMOU In ity of the seller; 8) to or from a governmental entity; or 9) of only a mineral interest, leasehold interest, or security interest ry The following, notice shall be given to -a prospective put -chaser before the execution ofa hinding, 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 cOLIHtV In which the property is located at the closing of the purchase and sale of the property. AF7FIR RECORDING' R FFU RNTO: NOJ ICE OF OBIJGATIONITO IAY IMIIROVI,"Ml,".Nl'l)[S'I'Rl(-'-['ASSESSMI-,.N'T''lO CITY OFFRWNDSWO0I),TEXAS CONCERNINCTI It' F0110WING PROIIJ:�,RTY STRLETADDRE'SS LOT TYPE 3 PRINCIPAL, ASSESSMENT: S 15,492.94 As the purchaser of the real property described above. I you are obligated to pay assessments to City of Friendswood,Texas. forthecosts oFa portion of a public improvement or set -vices pro , jcct (the "Authorized Improvements") undertaken for the benefit of the property within Frienelswood City Center Public linprovement Distriet (the "District") created under Subehapter A, Chapter 372, Vocal Government COde. AN ASSESSMENT' HAS 111_,:EN LE'V11,J) AGAINST YOUR PRO11F.RTY FOR TH] AUTHORIZED IMPROVI MF.NTS, WHICH MAY 131", ])AID IN FLjl,,[,, AT ANY TIMF_ IF co THF ASSFSSMEN'l IS NOT PAID IN F1JIA_ IT WIIA, BE WJF1 AND pAYAB1PAYABLE:IN (6 ANNIUAI_ INS ['A [,,I- MENTS T1 IAT WILL VARY FROM Yt-AR TO YEAR DI PENDIN(i 04C) ON THE AMOUNT OF INTEIRFIST PAID, C'01.1,ECTION COSTS, ADMINISTRATIVE, 04 COSTS, AND DELINQUFINCY COSTS. ry The exact amount of the assessment may be obtained from City of Friendswood.The exact amount of each annual installment will he approved each year by the Friendswood Cltv I Council in the annual service plan update for the District. More Infori-nation about the assessment,,;.., including the amounts and due dates, may be obtained froth City off"riend,,wood. 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 thc foreclosure ol'your property. To be included in separate copy of the notice required by Section 5.0 143, Tex. Prop. Code, to be executed at the closing ofthe 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. IThe undersigned purchaser acknowledges receipt ol-th Is notice before the effective date of a binding contract for the purchase of the real property at the address described above. DATE: SIGNATURF'. OF PURCI lASFR DATE: SIGNATURF OF13URCHASE"R The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date of a binding contract lor the purchase ofthe real property at the address described above. DA,rr� .. SIGNATURE, OF SFJJJ, R DATE : SWiNATURF, 01" SELLER To be included in copy o f the notice required by Section 5.014. 1 ex. Prop. Code, to he executed by seller in accordance with Section 5.014(a- I ). Tex. Prop. Code. Signature Page to Initial Notice of Obligation to Pay Improvemont District Assessment [Ilie undersigned purchaseracknowledgles receipt of -this notice berorc the effective date ofa binding contract ("Or the purchase ofthe real property at the address described above. The Undersigned purchaser acknowledged the reccipt or this notice including the current information required by Section 5.0143, Texas Property Code, as amended. DATE: SIGNATURE OF PURCHASER STATF OF TEXAS COUNTY OF DATE': SIGNATURF, 01" PURCHASER The foregoing instrument was acknowledged before me by and M. known to me to be [lie person(s) whose name(s) is/are subscribed to the foregoing instrument, and acknowledged to me that he car- she executed the same for the 4D pffl-POSeS therein expressed. (IlVell Under my hand and seal o-roffice on this 20111111_ co (6 C\I C) C\I Notary Public, State ofTexas -IJ ry 3 To be included in sLparate copy of the notice required by `section 5,0143, Tex. Prop. Code, to be executed at the closing of the purchase rind sale and to be recorded in the deed records of Harris County. Purchaser Signature Page to Final Notice With CLIrrCnt Information ol'Oblivation to Pay Improvement District Assessment Fhe undersigned seller acknowledges providing a separate copy ol'the notice rcqUired by Section 5.014 of the Texas Property Code Including the current infiort-nation required by Section 5.0143, Texas Property Code, as amended, at the closing of the purchase ol'the real property at the address above. DAYL.- SIGNATURE 01" S 1T,1- I:," R STATE OF TEXAS COUNTY OF DATF: 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 I'll StrU Ill On t, and acknowledged to me that lie or she executed the same for the purposes therein expressed. (D Given under my hand and seal of'ol'llce on this ti co I 6 Notary Public, Slate of"I'exas]" ry ' lo be included in separate copy of the notice required by Section 5.0143, Tcx. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the cleed records ofHarris County. Seller Signature; Page to Final Notice with Current Information ol'Obligation to Pay Improvement District Assessment m LU 0 (.0 z LU co c.6 N z C) z ry z 2� W 4 U 4 4 4 2 Fj E, 11 4P 1 0 1 1 li� L' rl, 11 11 ;� Y4 .2 '4 2' �-❑ C2 Q '-6 L-1 E -2 ljl 6 Lo Ll F, 4 � In R o 7�1 f, -1 4 6 E iE r' fi m NOTICEOFOBLIGATIONS R FIAT] " DTO PLJBIAC IMPROVI�MI-;N-I'I)]S'I'IZIC'I' A person who proposes to sell or otherwise convey real property that is located in a public in'tprovernent 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 OVC to the purchaser oaf the property this written notice, signed by the seller. For the put -poses of this notice,, a contract for the purchase and sale of real property having a performance period ofless than six months is considered a sale requiring the notice set forth below, This notice requirement does not apply to a transfer: I ) under a court order or foreclosure sale-, 2) by a trustee in bankruptcy: 3) to a mortgagee by a mortgagor or SUCCCSS01- in interest or to a beneficiary of deed of trust by a trustor Or SUCCCSS01' in interest." 4) by a mortgagee or a beneficiary tinder a deed of trust who has acquired the land at a sale conducted under a power of'sale under deed of trust err sale under court - ordered floreclosure or has acquired the land by a deed in lieu of toreclosure-, 5) by a fiduciary in the course of the administration or a decedent's estate, guardianship. conservatorsAiip, or trust-, co 6) from one co-owner to another co-owner of an undivided interest in the (6 real property, C) 7) to a spouse or a person in the firical line OfCOnSall"Llinity Of the Seller- 8) Io or from a governmental entity', or 9) of'only a mineral interest. leasehold interest, or security interest ry The following notice shall be given to a prospective purchaser before the execution of binding contract Of purchase and sale, either separately or as all ado endurn or paragraph ot'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, AFTF',R. RECORDING' RFTtJRNT0: NOTICLI OF; OBLIGATION `IT} PAY IMPROVEE M I',N-I'DISI'RIC'I'ASSI-"SSMEN-1''l'O CITY OF FRJI__,NDSW0ODjFXAS CONCERNING Ti 1EFOIA.0WING PROPER'l Y STRET"I'l ADDRESS LOT TYPE 4 PRINCIPAL ASSESSMENT: S28.87 per Square Foot As the purchaser of' the real property described above, you are obligated to pay assessments to City ofFriendswood, Texas, for the costs of a portion Dfa public improvement or set -vices project (the "Authorized Improvements") undertaken for the benefit ofthe property within 1riendswood City Center Puhlic Improvement District (the "District") created Linder Subchapter A, Chapter 372, kocal Government Code. ti AN ASSESSMFNTHAS BEEN LJ."'VIF,11) AGAINST YOOR PROPERTY ["OR '1111" ti AUTHORIZED IMPROVEMENTS, WHICH MAY 13E PAID IN FULL ATANY TIME. It THE ASSFENI T IS NOT PAID IN FULL. IT WILL BE DUE AND PAYABLE IN ( co ANNUAL I'NSTALL,M]"'NTS THAT WILL VARY FROM YEAR TO YEAR DEPI"NDING 6 04 ON THE AMOUNT OF INTERELST PAID, C.OLLECTION COSTS, ADMINISTRATIVF, C) 04 COSTS, AND DELINQUENN-CY COSTS. ry The exact amount of the aswssinent may be obtained from City ol'Friendswood. The exact arnount of each aflnUai Installment will be approved each year by the Friendswood City Council in the annual service plan update ffir the District. More information about the assessments, including the arnounts and clue dates, may be obtained from City offriendswood. Your failure to pay any assessment or any annual installment may result in penalties and interest tieing added to what you owe or in a I len on and the loreclo-sure of your property. I T'o be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Cody, to be executed at the ck)sing of the purchase aid sale and to he recorded in the deed records of I larris Counh, when updating for the Current 111fortnation of Oblioation to Pay Improvement District Assessment, IThe undersigned purchaser acknowledges receipt ofthis notice before the effective date ol'a binding contract ror the purchase of the real property at the address described above. DATE-- SIGNATU Rl-'O[,'P[-J RCI IASI,-'k DATE": SIGNATURF OF PURCHASLR -]'he Undersigned seller acknowledges providing this notice to the potential purchaser Z:) beffire the effective date ot'a binding contract far the purchase of the real property at the address described above. DATE - SIGNATURE OF SELI-FIR DATE: SIGNATURY' Of SELIAR 1� To be included in copy of the notice required by SCCtiOTI 5.014, 1 ex. Prop. Code, to he executed by seller in accordance with Section 5.014(a- I ), Tex. Ili -op. Code. Sionature L_ Page: to Initial Notice of0bligatim to Pay Improvement District Assessment L_ - [The undersigned pUrchaseracknowledges receipt of this notice before the effective date of a binding contract for the purchase ol'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. DATF -. SIGNATURE 01" P1JRCl-lASI.,R STATE' OF TI-11AAS COUNTY 01' DATL: SIGNATURE OF PURCHASER The foregoing instrument was acknowledged before me by and known to me to be the person(s) whose narne(s) is/are Subscribed to the foregoinf, instrument, and acknoxviedged to me that he or she eNeCt-lted the same for the purposes iherein expressed. tiGiver under my hand arid sea] of office on this 20,11,11-1.. Co (6 N C) N Notary Public, State of 'Texas]' ry 'I'o be included in separate copy cif the notice required by Section 5,0143, Tex, Prop, ("ode, to be executed at tile 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 Inforniatioll of Obligation to Pay IT11provenient District Assessment I IThe undersigned seller acknow1cclges providing a separate copy of the notice required bV Section 5.014 of the Texas Property Code including the CL11-1-Crit information required by Section 5.0143, Texas Property Codeas amended, at the closing of the purchase of the real property at the address above. DAT[ -. SIGNAT(M-', OF SI.,A-A.-FIZ STATF01" TFAAS § fi COUNTY OF § II)AIT": SIGNATURE Of,' SH-LER The foregoing irlStrUment was acknowledged before me by . . .... .. and Known to me to he the Person(s) whose narne(s) is/are subscribed to the foregoing instrument, and acknowledged to me that lie or she executed the saine for the purposes therein expressed. Co tiG'iVC1I Linder my hand and seal of'office on this ti Co Co 04 C) 04 6 Notary PUNIC, State ofTexasl' ry .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 aTid to be recorded in the deed records of Harris County. Seller Signature Page to Iinal Notice with Current Information of Obligation to Pay lunprovement District Assessment Qj Col. 0 CIO F- (A (6 z N C) N z ry z ------------ --------- o o o o o n --—————————- VI.. U --————————-- — u :� o c, o 6 6 - — — - — — - - - - o w L �q Ll� Ltl vl. Lf� c U u o o o o o o o 11 . . . . n I- b c, 6, o o o fi O o o o o o Q o o o o — — an an — - - - - — in — — — — — — — - - IP -1 0 crmmw 1 11 t5 7!9 — — — — — — — - — — - - — - - — - - - F6 c — — — — - - — - - --tin Q, U — — — — — - - to- - - — - — — - — - N 2 — — — — - — - - - - - of - — — - — — - an. 1� o o o o m m o t 6 — - — - — - - - — — - — — - — - — -to o o o 0 1. 4 .2 LP 0 CL ------------------------------------ --- 1-11 1 -1 --------- - I------ - FRIENDSWOOD CITY CENTER PUBLIC IMPROVEMENT DISTRICT — LOT TYPE 5 BUYER DISCLOSURE ----------------------------------------- ------ -1-1 ------------------ NOT]CF. OFOBLIGATIONS RFLATFIDTO IMPROVEMENT DISTRICT A person who proposes to sell or otherwise convey real property that is located in a public improvement district established Linder Subchapter A, Chapter 372, I-ocal Government Code (except for public improvement districts described under Section 372.005). or Chapter 3821 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 foi-th below. `]'his notice requirement does not apply to a tratisferl- 1) under a court order or foreclosure sale: 2) by a trustee in bankruptcy; 3) to a mortgagee by a mort Or SLICCCSSOr a beneficiary _Qagoi 1 interest or to of a deed of trust by a trusLor or successor in intere'.st: 4) by a mortgagee or a beneficiary Linder a deed oftrust who has acquired the land at a sale COMIUCted Linder a power of'sale under a deed of trust or a sale udder couil- (.0 ordered foreclosure or has acquired the land by a deed in lieu of f'orcc I os Lire; 5) by a fiduciary in the COUrse of the administration of a decedent's estate. guardianship., conservatorship, or trust; co 6} from one co-owner to another co-owner of an undivided 'interest in the (6 real property; C) 71) to a spouse or a person in the lineal line ofconsangL11111ty of the seller, 8) to or from a governracrital entity, or 9) of only a mineral interest, leasehold interest, or security interest ry The following notice shall he given to a prospective purchaser before the CXCU16011 01'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 ofthe county in which the properly is located at the closing of the purchase and sale ol'the property. AFTLIZ RECORDING' RF-ITJRNI'0: N01-1(1-1' OF OBLIGAT[ON 1'0 PAY IMPR-0VI--'1MFNT DISTRICT ASSF'.SSM ENTTO CITY Ol-'[,'Rill;NI)SWOOt).'I'f",XAS CON(T'.RNING THE 11-01-1.0WING PROPERTY STRF"t."I'ADDRESS LOT TYPES PION0PAL ASSESSMENT: $46.56 per Square Foot As the purchaser of the real property described above, you are obligated to pay assessments to City ol.'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 Frietidswood City Center Public Imp.rovement District (the "District") created under Subchapter A, Chapter 372, Local Government ('ode. (.0 ti AN ASSESSMENTHAS BEFN H.'VIED AGAINS'I'YO(JR 111ROPER'FY FOR '111F ti AUTHORIZED IMPROVEMI"NTS, WHICH MAY 131,`PAID IN FULL A'I'ANY 'I'IME. IF TlIF ASSESSMENT IS NOT PAID IN FUI.JE _ IT WII-I,, BE DUAND PAYABLE IN CIO (6 ANNUAL INS'FAll-,MFN'T'S THA'I'WILL VARY FROM YEARTO YEAR DEPEENDING N ON THI: AMOUNT OF IN'I"ERES'I' PAID. COLLEC'HON COSTS. ADMINIS'I'RATWE C) COSTS, AND DELINQUENCY COS-I'S. ry The exact amount of the assessment may be obtained from City ofFriendswood. 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 am0t-ints and due dates., may be obtained from City ofl-riendswood. Your failure to pay any assessment or any annual installment t-nay result in penalties and interest being added to what you owe or in a lien on and the foreclosure of your property. 'I o 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 I larris County when updating for the Current Information of Obligation to Pay Improvement District Assessment. IT11C Undersigned purchaser acknowledges receipt ofthis notice before the effective date of binding contract for the purchase of the real property at the address described above. D ATI � -. SIGNATURE OF PURCHAST"R DA'IT'I. SIGNATURE OF PURCI [ASVR The undersigned seller acknowledges providing this notice to the potential purchaser before the effective date ofa binding, contract for the purchase of the real property at the address described above. DATL," : SIGNATURY' OF SEILITR DATI,": SlG-i',,7ATLJRF 01" SHAT-R-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 5,01 4(a- I ). Tex, Prop. Cod c. Signature Pate to Initial Notice of Obligation to Pay Improvement District Assessment [The undersigned purchaser ackno-%,N led &,cs receipt of this notice before the effect I ve date of a binding contract for the purchase of the real property at the address described above. The undersigned purchaser acknowled ' ged the receipt ot I this notice including the Current information required by Section 5.0143, Texas Property Code, as amended. DATE - SIGNA"I'URE, OF PURCHASER STATI; OF TEXAS COUNTY OF' DATE: SIGNATURI" OF PURCHASER The foregoing instrument was acknowledged befiore me by and knovn to me to be the person(s) whose riarric(s) IS/UrC Subscribed to the foregoing instrument. and acknowledged to me that lie or she executed the sane for the purposes therein expressed. ti GIMI Under my hand and seal of office on this 20. co (6 04 C:) 04 Notary Public, State of Texas 13 ry - 3 Fn be included iT1 separate copy of the notice required by Section 5MI43. Tex. Prop. Code, to be executed at the closing of the purchase and sale and to be recorded in the deed records ni'llarris County, I I u rc has e. r signature In[I nil fi 11 ['age to l'inal Notice with Current o a o of Obligation to I -'lay Improvement District Asw-ssnierit ["I lie undersigned seller acknowledges providing a separate copy of the notice rcqL]it'Cd by Section 5.014 of the Texas Property Code including the CUrrent information required by Section 5.0143, 1'exas Property Code, as amended- at the ck,),,,-,Ing of the purchase of the real property at the address above. DATI`-I.- SIGNATURE OF SELLER STATE' 011—TEXAS COUNTY OF I )ATE: SIGNATURE01--' S 1,,J, 1,.,[,;R The foregoing instrument was acknowledged before me by and known to nic to be the person(s) whose name(s) is/are subscribed to the foreg oing :, instrument, and acknowledged to me that he or she executed the same for the PUrposes therein expressed. (D tiGiven under my hand and seal of'office on this ti CO (D 04 C) 04 ri Notary Public, Stale ofTexas]4 ry ,2o ' fo be included in separate copy of the notice required by Section 5.0 141, 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 Informatiorl of'Obligation to Pay Improvement District Ascssment Ln LLI 0 -j z LLJI CIO (6 z N C) N D z ry z 2 8 1 1 1 1 17, 11, 1 1 1 1 11 1 ta - - - - - - — — - — — — — — ........... — — — — — — — — — — - — — — — — - - — - - — - — - 11-1 11., 12, 81 1-1 �11 P, 2 12 1- 61 2 2 2 . . . C. . . . . . . . tC 12 6 6 6 o 6 g v to - - - - - - - — - - - - U. - - An - — - - - - - - - - - - - - - - - - - - - - - - - - - - - is - - in - - - - - - - - cm E "T L 2 E 9' 11 6 n n 6 6 6 0 1, - - - - - - - - - - - I F 3 . . . . . . . . . . . . . C. C, 1� 0 1� n 1, 1, .7, - - - - - - - - - - - - - - - - - - - I E 1� It 10 11 1 r- 9� C, 1. 4 4, - - - - - - - - N. - - - - - - - - - C, 6 E 2 14 W �11 1� X 2 1. 1 11 11 '1- -.1 1- �11 14 0. - - - - - - - - - - - - - - - - - - - - I �3 1 .", —�i I- v Council consensus on bond proposals and projects: • Hold off on placing the drainage projects on this election ballot as the costs estimates between what was presented to the Bond Committee and those presented to Council in the Master Drainage Plan are considerably different. o Council request additional information on the projects, which would not be ready by the time the Council had to call the election, and. o Council requested that the staff put a plan together to identify the costs of a proposal fo r vid eoi ng and cleaning out the City's existing storm sewers, similar to what is done with the sewer systems. 0 Council directed staff to remove the sidewalks project item from the Streets and Transportation proposal for placement on the election ballot on its own. o The Council also requested that the staff identify the amount of the sidewalk's proposal based on the City's Active Transportation Plan. o The remaining projects of the Bay Area Boulevard from FM 528 to the City's Wastewater Treatment Plant, and reconstruction of Stadium Lane and Murphy Lane for $11 million would be placed on the ballot as one item. ti Council directed staff to scale back the City's Facilities proposal by: (6 o Remove the fuel Island at the PSB and only keep the fuel island at the No Blackhawk Facility because the Galveston side of the City had access to FISD's fuel depot in cases of emergencies and the vehicles and equipment ry housed on the Harris County side of the City could be cut off should the creek flood the roads and make them unpassable, and o Focus the City Hatt renovations to only those that relate to plumbing, electrical and mechanical, along with the need for new bathrooms. 0 Council wanted alLfaciLity projects to be placed as one proposal on the ballot. • For Parks and Open Spaces, the Council directed staff as follows: o Placement of the Stevenson Park Aquatics Facility Improvements to include the 50- mete r poll and Aqua Play set for $7 million. o Have one proposal for the four park's projects as recommended by the Bond Committee o Place as a separate proposal the construction of anew Community Cetner to replace the Activity Center on Morningside Dr, that included all existing services, and add meeting room spaces, a designated potting place for Galveston County, and expansion of programmingfor children and young adults. ti ti M N O N RP-2026-317746 # Pages 51 08/05/2026 10:43 AM e-Filed & e-Recorded in the Official Public Records of HARRIS COUNTY TENESHIA HUDSPETH COUNTY CLERK Fees $221.00 RECORDERS MEMORANDUM This instrument was received and recorded electronically and any blackouts, additions or changes were present at the time the instrument was filed and recorded. Any provision herein which restricts the sale, rental, or use of the described real property because of color or race is invalid and unenforceable under federal law. THE STATE OF TEXAS COUNTY OF HARRIS I hereby certify that this instrument was FILED in File Number Sequence on the date and at the time stamped hereon by me; and was duly RECORDED in the Official Public Records of Real Property of Harris County, Texas. J� �F H/ARq�l�o X"� y �� J/0z f1�c�-�h, COUNTY CLERK a� ��J ;,_ 5�' HARRIS COUNTY, TEXAS