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Res 17-45 Approving a Preliminary Solana PID Assessment Plan 2018 and calling the public hearing TOWN OF WESTLAKE, TEXAS RESOLUTION NO. 17-45 A RESOLUTION OF THE TOWN OF WESTLAKE, TEXAS APPROVING A PRELIMINARY ANNUAL SERVICE PLAN UPDATE — ASSESSMENT PART B, INCLUDING A PROPOSED ASSESSMENT ROLL; DIRECTING THE FILING OF THE PROPOSED ASSESSMENT ROLL WITH THE TOWN SECRETARY; CALLING AND NOTICING A PUBLIC HEARING TO CONSIDER AN ORDINANCE LEVYING ASSESSMENTS ON PROPERTY LOCATED WITHIN THE SOLANA PUBLIC IMPROVEMENT DISTRICT; DIRECTING THE TOWN STAFF TO PUBLISH AND MAIL NOTICE OF SAID PUBLIC HEARING; AND RESOLVING OTHER MATTERS INCIDENT AND RELATED THERETO. RECITALS WHEREAS, the Public Improvement District Assessment Act, Texas Local Government Code, Chapter 372, as amended (the "Act") authorizes the governing body (the "Town Council") of the Town of Westlake, Texas (the "Town"), to create a public improvement district within the Town; and WHEREAS, on February 24, 2014, the Town Council conducted a public hearing to consider a petition received by the Town on October 18, 2013 titled "Petition for the Creation of a Public Improvement District Within the Town of Westlake, Texas, for the Solana Public Improvement District" requesting the creation of a public improvement district; and WHEREAS, on February 24, 2014, the Town Council approved Resolution No. 14-07 (the "Authorization Resolution"), authorizing, establishing and creating the Solana Public Improvement District(the "District"); and WHEREAS, the Town Council and the Town staff have been presented a "Solana Public Improvement District Preliminary Annual Service Plan Update — Assessment Part B", including the proposed assessment roll attached thereto (the "Proposed Assessment Roll"), dated December 5, 2017 (the 'Preliminary SAP"), a copy of which is attached hereto as Exhibit A and is incorporated herein for all purposes; and WHEREAS, the Act requires that that the Proposed Assessment Roll be filed with the Town Secretary of the Town(the "Town Secretary") and be subject to public inspection; and WHEREAS, the Act requires that a public hearing (the "Assessment Hearing") be held to consider proposed assessments and requires the Town Council to hear and pass on any objections to the proposed assessments at, or on the adjournment of, the Assessment Hearing; and WHEREAS, the Act requires that notice of the Assessment Hearing be mailed to property owners liable for assessment and published in a newspaper of general circulation in the Town at least ten (10) days before the date of the Assessment Hearing; and WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the citizens of Westlake. NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS AS FOLLOWS: SECTION 1: The recitals set forth above in this Resolution are true and correct and are hereby adopted as findings of the Town Council and are incorporated into the body of this Resolution as if fully set forth herein. SECTION 2: The Town Council hereby accepts the Preliminary SAP for the District, including the Proposed Assessment Rolls. SECTION 3: The Town Council hereby authorizes and directs the filing of the Proposed Assessment Roll with the Town Secretary and the same shall be available for public inspection. SECTION 4: The Town Council hereby calls a public hearing (the Assessment Hearing as defined above) to be held on January 29, 2018 at 6:30 p.m. at Westlake Town Hall, 1500 Solana Boulevard, Building 7, Suite #7200, Westlake, Texas 76262, at which the Town Council shall, among other actions, hear and pass on any objections to the proposed assessments; and, upon the adjournment of the Assessment Hearing, the Town Council will consider an ordinance levying the assessments as special assessments on certain property within the District (which ordinance shall specify the method of payment of the assessments). SECTION 5: The Town Council hereby authorizes and directs the Town Secretary to publish notice of the Assessment Hearing, in substantially the form attached hereto as Exhibit B and incorporated herein for all purposes, in a newspaper of general circulation in the Town, as required by Section 372.016(b) of the Act. SECTION 6: The Town Council hereby authorizes and directs the Town Secretary to mail notice of the Assessment Hearing to owners of property liable for the assessment, as required by Section 372.016(c) of the Act. Resolution 17-45 Page 2 of 5 SECTION 7: This Resolution shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED ON THIS 11TH DAY OF DECEMBER 2017. ATTEST: ��,� dL,�-: Laura L. Wheat, Mayor KeO Edw ' , Town Secretary OF T s E. Brym , Town Manager APPROVED AS TO FORM: TCX AS. �le-r L. S� ton Lowr ,)Town Attorney Resolution 17-45 Page 3 of 5 EXHIBIT A PRELIMINARY ANNUAL SERVICE PLAN UPDATE-ASSESSMENT PART B Resolution 17-45 Page 4 of 5 DRAFT SOLANA PUBLIC IMPROVEMENT DISTRICT WESTLAKE,TEXAS ANNUAL SERVICE PLAN UPDATE-ASSESSMENT PART B PRELIMINARY December 5, 2017 V1.0 SOLANA PUBLIC IMPROVEMENT DISTRICT WESTLAKE,TEXAS ANNUAL SERVICE PLAN UPDATE—ASSESSMENT PART B A. Introduction Solana Public Improvement District (the "PID") was created pursuant to the PID Act and a resolution of the Town Council on February 24, 2014 to finance certain public improvement projects for the benefit of the property in the PID. The Town of Westlake, Texas Special Assessment Revenue Bonds, Series 2015 (Solana Public Improvement District Project) (the "Series 2015 Bonds") in the aggregate principal amount of $26,175,000 were issued to finance, refinance, provide or otherwise assist in the acquisition, construction and maintenance of the public improvements provided for the benefit of the property in the PID. In addition, reimbursement obligations for the Reimbursement Agreement in the aggregate principal amount of$3,400,000 and deferred Assessment Part B in the total amount of$2,425,000 are secured by special assessments. A service and assessment plan (the "Service and Assessment Plan") was prepared at the direction of the Town identifying the public improvements (the "Authorized Improvements") to be provided by the PID, the costs of the Authorized Improvements, the indebtedness to be incurred for the Authorized Improvements, and the manner of assessing the property in the PID for the costs of the Authorized Improvements. Pursuant to Chapter 372, Texas Local Government Code, the Service and Assessment Plan must be reviewed and updated annually. According to the Service and Assessment Plan, Improvement Project B was to be financed with Assessment Part B, the levy of which deferred until such date that the Town gives its final approval to a site plan and construction drawings for the construction of the parking garage. The Town has approved the site plan and construction drawings for the parking garage. This document is the second part of the annual update of the Service and Assessment Plan for 2017-18 for the levy of Assessment Part B (the "Annual Service Plan Update"). The Town also adopted assessment rolls (the "Assessment Rolls") identifying the assessments on each parcel within the PID, based on the method of assessment identified in the Service and Assessment Plan. This Annual Service Plan Update also includes the Assessment Roll for Assessment Part B. Capitalized terms shall have the meanings described in the Service and Assessment Plan unless otherwise defined herein. B. Update of the Service Plan Annual Budget for the Public Improvements The current total estimated Authorized Improvements Costs are equal to $26,485,998, which remain the same as the budget estimates included in the original Service and Assessment Plan. According to the Developer, the aggregate budget for the Authorized I Improvements (including the original budget for Improvement Project B) remains unchanged and therefore no changes for the Annual Service Plan Update. As shown by Table A below, the PID has incurred indebtedness in the total amount of $29,575,000 in the form of the Series 2015 Bonds and the Reimbursement Agreement, which are to be repaid from Assessment Part A. In addition, the PID incurred indebtedness in the total amount of$2,425,000 for Improvement Project B to be financed through a reimbursement agreement dated as of (the "Reimbursement Agreement—Part B"). Table A Sources and Uses of Funds Public Improvements Assessment Part A Assessment Part B Series 2015 Reimbursement Reimbursement Bonds Agreement Agreement—Part B Total Estimated Improvement Improvement Improvement Authorized Sources of Funds Project A Project A Project B Improvements Bond par amount $26,175,000 $0 $0 $26,175,000 Reimbursement agreement amount $0 $3,400,000 $2,425,000 $6,825,000 Developer funds $0 $0 $4,390,000 $4,390,000 Total Sources $26,175,000 $3,400,000 $6,815,000 $36,390,000 Uses of Funds Authorized Improvements Road improvements $3,767,430 $622,470 $0 $4,389,900 Water distribution system improvements $890,040 $171,680 $0 $1,061,720 Sanitary sewer improvements $1,531,196 $350,100 $0 $1,881,296 Storm drainage improvements $1,154,306 $579,566 $0 $1,733,872 Landscaping improvements $1,830,501 $0 $0 $1,830,501 Duct bank improvements $640,304 $93,650 $0 $733,954 Other costs $8,120,860 $573,896 $0 $8,694,755 Parking facility improvement $0 $0 $6,160,000 $6,160,000 Subtotal $17,934,637 $2,391,362 $6,160,000 $26,485,998 Bond issue costs Capitalized interest $3,216,750 $218,620 $170,000 $3,605,370 Debt service reserve $2,074,313 $340,000 $242,500 $2,656,813 Other bond issuance related costs $2,949,301 $450,018 $242,500 $3,641,819 Subtotal $8,240,364 $1,008,638 $655,000 1 $9,904,002 Total Uses $26,175,000 $3,400,000 $6,815,000 $36,390,000 2 A service plan must cover a period of five years. All of the Authorized Improvements are expected to be built within a period of five years. The anticipated budget for the Authorized Improvements over a period of five years and the indebtedness expected to be incurred for these costs is shown by Table B. Table B Authorized Improvements PID Sources and Uses of Funds 2015 - 2022 Annual Sources Annual Projected other than Projected Annual Year Projected Cost Indebtedness PID Bonds Installments 2015 $29,575,000 $29,575,000 $0 $0 2016 $0 $0 $0 $407,295 2017 $0 $0 $0 $1,650,314 2018 $6,815,000 $2,425,000 $4,390,000 $2,378,306 2019 $0 $0 $0 $2,559,660 2020 $0 $0 $0 $2,566,491 2021 $0 $0 $0 $2,572,563 2022 $0 $0 $0 $2,580,808 $36,390,000 $32,000,000 $4,390,000 $14,715,437 Assessment Part B Pursuant to the Service and Assessment Plan, the Actual Costs of Improvement Project B may be assessed using any methodology that results in the imposition of equal shares of the Actual Costs on Improvement Area#1 Assessed Property similarly benefited. A map showing Improvement Area #1 is included as Appendix A-1 herein. The Town obtained an estimate of the cost of the Authorized Improvements, specifically, the parking garage and deferred the levy of Assessment Part B to pay for the parking garage until such time that the Town gives its final approval to a site plan and construction drawings for the construction of the parking garage. According to the Town, the site plan and construction drawings for the parking garage, attached herein as Appendix B-1, have been approved. As a result, Assessment Part B will be levied on the Improvement Area #1 Assessed Property as described herein. The list of parcels within Improvement Area#1, the estimated total Equivalent Units, the total Assessment Part B, the projected Administrative Expenses and the projected Annual Installment Part B are shown in the Assessment Roll — Part B attached hereto as Appendix C-1. C. Update of the Assessment Plan The Service and Assessment Plan adopted by the Town Council provided that the Authorized Improvement Costs shall be allocated to the Assessed Property equally on the basis of estimated Equivalent Units as calculated and shown in Appendix D of the 3 Service and Assessment Plan using the types and number of lots anticipated to be developed on each Parcel once such property is fully developed, and that such method of allocation will result in the imposition of equal shares of the Authorized Improvement Costs to Parcels similarly benefited. Assessment Part B For purpose of the Service and Assessment Plan, the Town Council has determined that the Actual Costs of Improvement Project B to be financed through the Reimbursement Agreement—Part B shall be allocated to the Improvement Area#1 Assessed Property by spreading the entire Assessment Part B across the Parcels based on the estimated Equivalent Units as calculated and shown in Appendix D of the Service and Assessment Plan for Improvement Area #1 using the types and number of lots anticipated to be developed on each Parcel of the Improvement Area #1 Assessed Property. As part of the determination as to the ability of different Land Use Classes to utilize and benefit from the Authorized Improvements, the Town Council has taken into consideration that larger, more expensive homes, on average, will create more vehicle trips and greater demands for water and wastewater consumption, and larger, more expensive homes are likely to be built on larger, more valuable lots. Based on the estimates of the costs of Improvement Project B that benefit the Assessed Property in Improvement Area, and set forth in Table A, the Town Council has determined that the benefit to the Improvement Area #1 Assessed Property, is at least equal to the Assessment Part B levied on the Improvement Area#1 Assessed Property. The Assessment Part B and Annual Installment Part B for each Parcel or Lot of the Assessed Property in the Improvement Area #1 are shown in the Assessment Roll - Part B, attached herein as Appendix C-1, and no Assessment Part B shall be changed except as authorized by this Service and Assessment Plan or the PID Act. Upon subdivisions of any Parcel, the Assessment Part B applicable to a Parcel will be apportioned pro rata to the resulting Parcels based on the Equivalent Units of each newly created Parcel. For residential Lots, when final residential building sites are platted, Assessment Part B will be apportioned proportionately among each Land Use Class based on the ratio of the Equivalent Unit applicable to each Land Use Class at the time Lots are platted to the total Equivalent Units of all Lots in the platted Parcel, as determined by the Administrator and confirmed by the Town Council. The result of this approach is that each final Lot within a recorded subdivision plat with similar values will have the same Assessment Part B, with larger, more valuable Lots having a proportionately larger share of the Assessments than smaller, less valuable Lots. The Improvement Area #1 Assessed Property will be assessed for the special benefits conferred upon the property as a result of the Improvement Part B that benefit the property within Improvement Area#1 of the PID. Table A summarizes the $6,815,000 in special benefit received by the Improvement Area #1 Assessed Property from Improvement Project B. The total amount of the Reimbursement Agreement — Part B is $2,425,000, which is less than the benefit received by the Improvement Area#1 Assessed Property, and as such the total Assessment Part B for Improvement Area #1 Assessed Property is $2,425,000. The total Equivalent Units for Improvement Area #1 is 324.63 as shown in the detailed calculation of the Equivalent Units shown in Appendix D of the 4 Service and Assessment Plan. The summary of The Assessment Part B per Equivalent Unit is, therefore $7,470.02 ($2,425,000 - 324.63 = $7,470.02). Table C on the following page sets forth a summary of Assessment Part B per unit for each of the Land Use Classes in Improvement Area#1. Table C Assessment Part B per Unit Assessment Planned Part B per Equivalent Total No. of Equivalent Unit Assessment Part B per dwelling Assessment Type Units Unit Factor unit or 1,000 square feet Part B Improvement Area#1 Land Use Class 1 38 $7,470.02 1.00 $7,470.02 per dwelling unit $283,860.95 Land Use Class 2 71 $7,470.02 0.62 $4,631.42 per dwelling unit $328,830.49 Land Use Class 3 6 $7,470.02 0.60 $4,482.01 per dwelling unit $26,892.09 Land Use Class 10 372.10 $7,470.02 0.22 $1,643.41 per 1,000 Sq. Ft $611,509.53 Land Use Class 11 266.10 $7,470.02 0.20 $1,494.00 per 1,000 Sq. Ft $397,554.72 Land Use Class 12 255.50 $7,470.02 0.21 $1,568.71 per 1,000 Sq. Ft $400,804.18 Land Use Class 13 264.60 $7,470.02 0.19 $1,419.30 per 1,000 Sq. Ft $375,548.03 Total Assessment Part B $2,425,000.00 D. Update of the Terms of the Assessments Amount of Assessment Part B and Annual Installments Part B The Assessment Part B and Annual Installments Part B for each Parcel of Assessed Property located within the Improvement Area #1 of the PID are shown in the Assessment Roll, attached as Appendix C-1, and no Assessment Part B shall be changed except as authorized by this Service and Assessment Plan and the PID Act. The Annual Installments Part B shall be collected in an amount sufficient to pay principal and interest on the Reimbursement Agreement-Part B and to pay Administrative Expenses. The provisions regarding reallocation of Assessment Part B, mandatory prepayment of Assessments, reduction of Assessments and payment in full have been included in the Service and Assessment Plan and remain unchanged. Payment of Assessment Part B in Annual Installments The Act provides that an Assessment for a Parcel may be paid in full at any time. If not paid in full, the Act authorizes the Town to collect interest, administrative expenses and other authorized charges in Annual Installments. An Assessment for a Parcel that is not paid in full will be collected in Annual Installments each year in the amounts shown in the Assessment Rolls, as updated each year. Payment of the Annual Installments shall commence with tax bills mailed after the levy of the Assessments. 5 Each Assessment Part B shall be paid with interest based on an estimated interest rate of 9.04%per annum for years 1 through 5 and 6.04% per annum following the fifth Annual Installment. Each Assessment shall be paid at a rate not to exceed five hundred basis points above the highest average index rate for tax-exempt bond reported in a daily or weekly bond index approved by the Town and reported in the month prior to the establishment of the Assessment Part B and continuing for a period of five years from such date. Such rate shall then adjust and shall not exceed two hundred basis points above the bond index rate described above and shall continue until Assessment Part B is paid in full. The index approved by the Town is the Bond Buyer Index for which the highest average rate during 2017 was 4.04%. The Town has determined that the Assessment Part B shall bear interest at the estimated interest rate of 9.04% per annum for years 1 through 5 and 6.04% per annum following the fifth Annual Installment, which rates are equal to or less than the initial maximum allowable rate of interest of 9.04% for years 1 through 5 and equal to the maximum allowable rate of interest following the fifth Annual Installment, which would be 6.04%. Furthermore, the principal and interest component of the Annual Installments may not exceed the amounts shown on the Assessment Roll — Part B. The Assessment Rolls — Part B, to be updated with the applicable interest rate on the Assessment Part B, are shown in Appendix C-1. The Annual Installment Part B shall be reduced in the Service and Assessment Plan or Annual Service Plan Updates to equal the actual costs of repaying the Reimbursement Agreement — Part B and actual Administrative Expenses (as provided for in the definitions of such terms), taking into consideration any other available funds for these costs, such as interest income on account balances. E. Update of the Assessment Roll The Assessment Part B and Annual Installments Part B for each Parcel of Assessed Property located within the Improvement Area #1 are shown in the Assessment Roll — Part B, attached as Appendix C-1 herein. Pursuant to the Service and Assessment Plan, the Assessment Roll shall be updated each year to reflect: (i) the identification of each Parcel (ii) the Assessment for each Parcel of Assessed Property, including any adjustments authorized by this Service and Assessment Plan or in the PID Act; (iii) the Annual Installment for the Assessed Property for the year (if the Assessment is payable in installments); and (iv) payments of the Assessment, if any, as provided by Section VLH of the Service and Assessment Plan. Each parcel in the PID is identified, along with the Assessment Part B on each Parcel and the Annual Installment Part B to be collected from each parcel. Assessments are to be reallocated for the subdivision of any parcels pursuant to the reallocation provisions described in the Service and Assessment Plan. 6 Appendix A-1 Improvement Area#1 Map 7 �Q v m LO 1,14 S14 Area #11 a C� / a o � ❑[ so �y �9 O IMPROVEMENT AREA #1 MIXED USE VILLAGE CORE ENTRADA P TOWN OF WESTLAKE TARRANT COUNTY, TEXAS q MEPLANNING CrOLENc�xi PLATTING CONSULTANTS, LLC = MMIN11QVEnNG LANDKAPEARCHUECCM TBPE Firm i No.1]98 111 HiIIsWe No-Lewisville,TX]505]•R 972 43&9712•F:9]2436.9]15 TBPLS Firm 610 Byron Nelson Blvd,Ste 114•Roanoke,TX 76262•P:682,831 9712•F 817 890 4043 No.1004]]00 DRAWN BY:JCM DATE: 05/14/2014 SCALE:1"=500' JOB. NO. 12139 Appendix B-1 Site Plan and Construction Drawings—Improvement Project B 8 R3' RS A, CLUB REQUIRED PARKING R1� R3' 9 C10 R3' °• o BLDG Use SF Parkin Required '� J OVERALL LEGEND $ q 13.8 J • ��� CRE 0 G 0 BOB JAMES WESTBUILDING Retail 22215 112 \ / U '. L9,� , �5� Medlin • , • FH Cemetery Golf y NORTH BUILDING Office 15215 51 / / O \ -� PROPOSED FIRE HYDRANT gER�NSE� G�J� t-ACourse r g o AMPHITHEATER Theater VIP Parking ONLY 20 • �• ��,�. �P tn� qy L l �n r .� \ � S TROPHY 2 �Y SEMINOLE � v ' ELECTRICAL EASEMENT C% SSMH F�9 o rpp q�F FRESHMEAooN Fn m N RESTAURANTS Restaurant 28500 285 / R15 PROPOSED SANITARY 114 °° °ti r co W CHAPEL Church 140 Seats 35 1 / , \ • MANHOLE �G N �� INVERNEss a x w RECEPTION HALL Count Club 7200 29 • La. / / R10 `gym Q Brown & Ga Engineers, Inc. Country Total Required: 532 ° 6 � � 1 (� PROPOSED STORM INLET �o a' s � Y 9 � Parkin Provided: 472 WESTLAKE c�INVERNE 2-19-1 Dallas Parkway, Suite 204 g PROPOSED STREET LIGHT � o Frisco, TX 75034 R3.8' SCREENED R 0' EXISTING TRANSFORMER Tel: 972-464-4800 • www.browngay.com _R1 5' � TRANSFORMER PER DESIGN LS PROPOSED LANDSCAPE TBPE Registration No. F-1046 R10GUIDELINES \ K/Nc Contact: Will Janney (D--0 EXISTING STREET LIGHT o 1 TTel: 972-464-483-1 • • G9 ° , 0 114 Copyright 201 El• / �6 51 © EXISTING GAS METER J L , 20' •`J a SOL­ANA 4.8 WATER EASEMENT \ ❑E EXISTING ELECTRIC MANHOLE = ON LOT 2, • EXISTING SIGN DOVE ROAD BLOCK110.7 \ �� •• FH • 27,351 SE Akl­- EXISTING FIRE HYDRANT oa R30' 0.63 AC MIN 8'0" METAL GATE / OFFICE WITH STONE COLUMNS I �w •j 5,215 SE 28.5' OR AS OTHERWISE ° REQUIRED BY TOWN VICINITY MAP DENS.�TY 58, =0.56 299.2 OR DEVELOPER I � � \ (NOT TO SCALE) FFE=644 50 \ I \ DEVELOPER • I c� CENTURION AMERICAN /• ��9' �� I \ LINE TABLE 1800 Valley View Lane, Suite 300 Farmers Branch, TX 75234 I C� �j \ Line # Direction Length Contact: Michael Beaty • GC' R 1.8' 101.4' L1 S50° 15' 37.28"W 30.16 Tel: 214-287-9009 SCREENED R3 � � \ I „ DUMPSTER L2 S48 32 40.00"W 106.29 PER DESIGN 2.4 GUIDELINES / L3 N71° 27' 20.00"W 130.09 MOORELAND \ 25'0" STONE WALL I J Engineering Development • Construction G� WITH METAL GATES � � �, L4 N1° 27' 20.00"W 104.66 / 41.1'_ \ � � )--- BLOCK - I CA63,417 SE 13 L5 N58° 32' 40.00"E 22.42 1.46 AC Q, EXISTING I PARKINS <� L6 N38° 32' 40.00"E 39.31 W Q Horizontal Scale: 1 = 30 LU W 1.0 U• ° 60' � � � \ GH AI N LI K E � \ I GARAGE51,00 S � � \ L7 N78° 32' 40.00"E 63.61 � Q � FENCE I PER \ \ L8 N 68° 32' 40.00"E 221.37 Q Q - r 411.2 I FLOOR / 0' 30' 60' v \ DENSITY-0.81 � >- •J ?� I v I L9 S77° 59' 00.06"E 105.10 (.� 1 \ 6 96.6' \ �' I L10 S11° 27' 20.00"E 22.51 Q W r 0 z U) 0 • • • \ \ I / X28 L11 S31° 27' 20.00"E 21.29 z W U \ Iw PARKING \ Q U Z J • , 1a 1 TALL IN IJ L12 S21 27, 20.00,>E 87.36 Q < L14 S21 27' 20.00"E 24.90 Wd M w Q J 3.5' L15 r- I I L15 S1* 27' 20.00"E 28.80 U C )) ' FFE=646.50 �, �I - - Q \ \ L16 N41° 27' 20.00"W 31.39 J Y DRILL ZONE Z J; c PREVIOUSLY \ U) W Q APPROVED \ •J CURVE TABLE Q < E0 F_ 10, �` \ ` Curve Length Radius Delta Chord Bearin Chord Len th z � `/ W W J C \ 9 9 9 O Q3: E �, 127 C1 376.82 482.50 44.75 S70° 55' 03"W 367.31 O gR BLOCK \ \ \ C2 5.32 20.00 15.25 N79° 04' 57"W 5.31z Q Z Y I-- 70, 42 52,800 SE C3 161.88 132.50 70.00 N36° 27' 20"W 152.00 W �- � 3.51 AC � \ U � O 'J• FFE=645.65 \ GAS ® \� C4 115.80 172.53 38.46 N20° 41' 16"W 113.64 E , \ \ �6+ 388.7 ,. C5 29.48 26.13 64.64 N7° 30, 07"W 27.94 THESE PLANS ARE ISSUED FOR LEASE SCRE" N WALL \ \ THE PURPOSE OF PRELIMINARY 5 SIDEWALK 112.3' x C6 28.86 82.50 20.05 N48° 31' 17"E 28.72 REVIEW AND ARE NOT INTENDED s N / ° do FOR CONSTRUCTION. IN (CST • \ \ \ \ v C7 41.02 117.50 20.00 N48° 32' 40"E 40.81 FINALWHEN FORMISSUED THEY WILL BE i C8 57.60 82.50 40.00 N58° 32' 40"E 56.43 SEALED, SIGNED AND DATED. I • LOT 39 \ C9 20.51 117.50 10.00 N73° 32' 40"E 20.48 RESPONSIBLE ENGINEER: a \ BLOCK / / 2� �� •• BROWN & GAY ENGINEERS, INC. V) R25' / Cil 29.03 25.00 66.53 S44° 43' 10"E 27.42 TEXAS REGISTERED ENGINEERING 54242ACF \ i R5 FIRM F-1046 zl ° ° 51.6' R49' , , » WILLIAM R. JANNEY, P.E. RETAIL / / R34' R10 / C12 42.76 122.50 20.00 S21° 27 20 E 42.54 TEXAS REGISTRATION NO. 108663 Fit3 22,215 SE \ , Y�f y C13 13.53 77.50 10.00 S26° 27' 20"E 13.51 MARCH 10, 2016 R10 DENSITY=0.41 � �� •� 11 FFE=645.00 7 • C15 82.03 117.50 40.00 S21° 27' 20"E 80.37 CAUTION cn S R10 °� 0x� RETAINING & SCREEN WALL 11 Contractor to verify exact location °• R68' J• C16 22.77 30.00 43.49 S19° 42' 35"E 22.23 & Depth of Exist Facilities Prior to X/yam any Construction Activities N R5 MIN 8'0" METAL FENCE WITH STONE NOTES 1 ° • / CAUTION : CONTACT: 1-boo-DIG-TESS COLUMNS OR AS OTHERWISE REQUIRED 1. ALL WESTLAKE ENTRADA INFRASTRUCTURE ASSUMED AS 48 HOURS PRIOR TO CONSTRUCTION N \ n BY TOWN OR DEVELOPER EXISTING FOR THIS PLAN SET U 15 6 118.7 1 125' � �J 2. ALL DIMENSIONS ARE TO FACE OF CURB UNLESS REVISIONSmoll I , ' R Com" ,• OTHERWISE NOTED REV NO. DATE DESCRIPTION R10' o 'y 3. THERE IS NO PROPOSED WELL ACTIVITY WITH THIS PD SITE \ PLAN Q ,• < • / •J U I ' i 59.6' ° 58.5' ''J •� y 'J • TBM1 - "El" Cut in median nose located - 700 feet southeast of intersection of Davis \ ^ • Blvd. and Dove Road. Elev. 668.96 J VI � a C7 u° ° TBM2 - "El" Cut in median nose at intersection of Davis Blvd. and Bull Way. 37 10 C � ' ° O SCREENED '1 Elev. 679.58 All (L 73 3' TRANSFORMER ,J ; 1J _S ° 'y ° J © GUIDELINES SN ,J . • TBM3 - "❑" Cut in median nose at intersection of Davis Blvd. and Bear Way. DRAWN BY: \ 10' LOT 4 Elev. 683.26 24 \ ELECTRICAL EASEMENT s / , ° w J 60 E C J TBM4 - "❑" Cut in median nose located -600 feet east of intersection of Davis Blvd. CHECKED BY: of° DEVELOPER \ \ 18, J 071 SE J • / • ;J• and Dove Road. Elev. 648.47 I 1 , \ I 0.41 AC •J• R39' s ° I • J DATE: % CENTURION AMERICAN �• J RI I J .,, Al15' 1800 Valley View Lane, Suite 300 ® • G1 ,/ • PROJECT NUMBER: WATER EASEMENT Y Framers Branch, Texas 71234 \ • • ° o Contact: Michael Beaty J ,i • SHARED PARKING ° J • . Time of Day Office Retail Restaurant Theater Country Club Church Office Total Retail Total Restaurant Total Theater Total Country Club Church Total Total Required Parks Sheet N O. Z o Telephone: [2140287-9009 , • '•• o o /J R15 ° , C2 1 • • J _ i 6:00 a.m.-12 noon 1.00 0.97 0.50 0.30 0.50 1.00 51 112 285 20 29 35 358 SITE PLAN o' ° . ,J 12 noon-1:00 p.m. 0.90 1.00 0.70 0.70 0.50 0.35 51 112 285 20 29 35 399 W I OWNER SURVEYOR/ENGINEER 6 1:00p.m.-4:00p.m. 0.97 0.97 0.60 0.70 0.70 0.30 51 112 285 20 29 35 374 zW Z • 4:00 p.m.-6:00 p.m 0.47 0.82 0.90 0.80 1.00 0.60 51 112 285 20 29 35 439 LjjI MAGUIRE PARTNERS - Brown & Gay Engineers, Inc.. >_Z 500 West 7th St., Suite 1800, Fort Worth, TX 76102 6:00 p.m.-8:00 p.m 0.07 0.89 1.00 1.00 1.00 0.60 51 112 285 20 29 35 459 SOLANA LAND L.P. Tel: 817-887-6130 • www.browngay.com WESTLAKE E NTRADA 8:00 p.m.-12:00 midnight 0.03 0.61 1.00 1.00 1.00 0.10 51 112 285 20 29 35 408 1-1 °6 9 Village Circle, Suite ❑00 TBPE Registration No. F-1046 INSTRUMENT #D216027206 C 3 Z ; � Roanoke, Texas 76262 copyrlgnt 20� Required Parking: 459 Parking Provided: 472 mo CLAY TILE ROOFBEYOND i �f_ui i _ _i 1 CAST STONE WALL CAPS r__,_�— _r _r_L�r 1r_-_ HAND TROWELED STUCCO WALL BEYOND NATURAL STONE — VENEER BEYOND =-� - _ - _ -- - _ --_ �✓ 13 El - - - HAND TROWELED STUCCO - -- 1 - If _ - -- - �N—=-- — — — — — — — — Leyel-3 h C�� - r 122' 0" _ t ` FF L _ IL l �Level v2 11 - Y - � Level 100'-0" NATURALSTONE NATURAL STONE CAST STONE ARCH WALL OPENING WATERTABLE NORTH ELEVATION SCALE : 1/8" = 1'-0" If CLAY TILE ROOF NATURAL STONE WALL W/CAST STONE WALL CAP I I I E- - - - NATURAL STONE VENEER Level -i JL 1L -1, rF II 1 V -IFIFIL Level 2 a - Level 100'-0" CAST STONE WATERTABLE C-1 _ I -71 14/ Level-0 Stair Base }� — Y J 92' 0„ 2015180 OPENING W/CAST STONE CAP GARAGE ENTRANCE WESTLAKE 03.11.2016 SOUTH ELEVATION SCALE : 1/8" = 1'-0" ENTRADA GAS PAD SITE PARKING GARAGE ELEVATIONS Ordinance 778 m CENTURION AMERICA N CLAY TILE ROOF HAND TROWELED STUCCO 'r 1� WALL BEYOND MEDALLION PLACEHOLDER 1 L 1, HAND TROWELED STUCCO FOR ENTRADA LOGO MEDALLION PLACEHOLDER W/CAST STONE CAP NATURAL STONE VENEER W/ NATURAL STONE FOR ENTRADA LOGO CAST STONE CAP VENEER = r _! _ Level - ` — — — — _ — — — — — — — — — — — — — — — — — - — — — — I FF 122'-0., _ — _— _ __ DL JFIL [Dih I - Level 2 - - — I Level 1 J 100:0 i. . GARAGE ENTRANCE NATURAL NATURAL STONE ARCHES EGRESS OPENING STONE ARCHES EGRESS OPENINGS EAST ELEVATION SCALE : 1/16" = 1'-0" CLAY TILE ROOF BEYOND NATURAL STONE VENEER W/ CAST STONE CAP = HAND TROWELED STUCCO HAND TROWELED STUCCO WALL BEYOND f .L -.L ! .L ! �� f 1.•L f..t f..` .} f, _,.L l..y ��L f-.` ..L f-.L r,.L _..L f-` ' V. .k i�.L f-.L f- r�..i f�'L /-�\ �l 1 1 ,l f�..t f�..L rte.. - _ '!--- ! II dl -1 MF M 117 r7T r1-f 71T rIT rrT M rr M z ua � aotJ- ® o 1001-01, Level 1 Level2 _ — 1117711 Level 0 Stair Base _ — — — — — — — — — — — — — — — — 1 I ! 92'-l HAND TROWELED STUCCO RETAINING HAND TROWELED STUCCO RETAINING WALL WALL OPENINGS W/CAST STONE CAP CAST STONE NATURAL STONE VENEER WATERTABLE BEYOND WEST ELEVATION SCALE : 1/16" = 1'-0" 2015180 WESTLAKE 03.11.2016 ENTRADA GAS PAD SITE I PARKING GARAGE ELEVATIONS Ordinance 778 m CENTURION AMERICA N En n n n n n n --n—n- n n n n n n n n n n n n n n n n o Q n n n n n n n n n n n n n n n n n Level 3 ❑ ❑ ❑ ❑ 77 Level 2 _..- 111' --E Trz Level — t — — 3 001-01, Level-0 Stair Base 92'-a" LONGITUDINAL SECTION SCALE : 1/16" = 1'-O" 20'15180 WESTLAKE 03.11.2016 ENTRADA GAS PAD SITE PARKING GARAGE SECTION ENTRADA Ordinance 778 Ctk7 m CENTURION AMERICAN Appendix C-1 Assessment Roll—Part B 9 Draft Assessment Roll-Part B v1.0 Improvement Area#1 Parcel All Assessment Part B $2,425,000 Total Equivalent Units 324.63 Year Principal and Interest' Administrative Expenses2 Annual Installment Part B 2018 $219,220 $30,000 $249,220 2019 $259,220 $30,600 $289,820 2020 $255,604 $31,212 $286,816 2021 $251,988 $31,836 $283,824 2022 $253,372 $32,473 $285,845 2023 $186,504 $33,122 $219,626 2024 $183,484 $33,785 $217,269 2025 $185,464 $34,461 $219,925 2026 $182,142 $35,150 $217,292 2027 $183,820 $35,853 $219,673 2028 $185,196 $36,570 $221,766 2029 $186,270 $37,301 $223,571 2030 $182,042 $38,047 $220,089 2031 $182,814 $38,808 $221,622 2032 $183,284 $39,584 $222,868 2033 $183,452 $40,376 $223,828 2034 $183,318 $41,184 $224,502 2035 $182,882 $42,007 $224,889 2036 $187,144 $42,847 $229,991 2037 $185,802 $43,704 $229,506 2038 $184,158 $44,578 $228,736 2039 $182,212 $45,470 $227,682 2040 $184,964 $46,379 $231,343 2041 $187,112 $47,307 $234,419 2042 $183,656 $48,253 $231,909 2043 $184,898 $49,218 $234,116 2044 $185,536 $50,203 $235,739 2045 $185,570 $51,207 $236,777 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $5,481,128 $1,111,536 $6,592,664 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annurn for years I thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-1 Draft Assessment Roll-Part B v1.0 Improvement Area#1 Parcel 42229845 Assessment Part B $41,444 Total Equivalent Units 5.55 Year Principal and Interest' Administrative Expenses2 Annual Installment Part B 2018 $3,747 $513 $4,259 2019 $4,430 $523 $4,953 2020 $4,368 $533 $4,902 2021 $4,307 $544 $4,851 2022 $4,330 $555 $4,885 2023 $3,187 $566 $3,754 2024 $3,136 $577 $3,713 2025 $3,170 $589 $3,759 2026 $3,113 $601 $3,714 2027 $3,142 $613 $3,754 2028 $3,165 $625 $3,790 2029 $3,183 $637 $3,821 2030 $3,111 $650 $3,762 2031 $3,124 $663 $3,788 2032 $3,132 $677 $3,809 2033 $3,135 $690 $3,826 2034 $3,133 $704 $3,837 2035 $3,125 $718 $3,844 2036 $3,198 $732 $3,931 2037 $3,175 $747 $3,923 2038 $3,147 $762 $3,909 2039 $3,114 $777 $3,891 2040 $3,161 $793 $3,954 2041 $3,198 $808 $4,007 2042 $3,139 $825 $3,964 2043 $3,160 $841 $4,002 2044 $3,171 $858 $4,029 2045 $3,171 $875 $4,047 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $1 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $93,673 $18,996 $112,678 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annurn for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-2 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42229993 Assessment Part B $52,290 Total Equivalent Units 7.00 Year Principal and Interests Administrative Expenses2 Annual Installment Part B 2018 $4,727 $647 $5,374 2019 $5,590 $660 $6,249 2020 $5,512 $673 $6,185 2021 $5,434 $686 $6,120 2022 $5,463 $700 $6,164 2023 $4,022 $714 $4,736 2024 $3,956 $729 $4,685 2025 $3,999 $743 $4,742 2026 $3,928 $758 $4,686 2027 $3,964 $773 $4,737 2028 $3,993 $789 $4,782 2029 $4,017 $804 $4,821 2030 $3,925 $820 $4,746 2031 $3,942 $837 $4,779 2032 $3,952 $854 $4,806 2033 $3,956 $871 $4,827 2034 $3,953 $888 $4,841 2035 $3,943 $906 $4,850 2036 $4,035 $924 $4,960 2037 $4,006 $942 $4,949 2038 $3,971 $961 $4,933 2039 $3,929 $980 $4,910 2040 $3,988 $1,000 $4,989 2041 $4,035 $1,020 $5,055 2042 $3,960 $1,040 $5,001 2043 $3,987 $1,061 $5,049 2044 $4,001 $1,083 $5,084 2045 $4,001 $1,104 $5,106 2046 $0 $0 $1 2047 $0 $0 $1 2048 $0 $0 $1 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $118,189 $23,968 $142,167 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-3 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42230002 Assessment Part B $5,686 Total Equivalent Units 0.76 Year Principal and Interest' Administrative Expenses2 Annual Installment Part B 2018 $514 $70 $584 2019 $608 $72 $680 2020 $599 $73 $673 2021 $591 $75 $666 2022 $594 $76 $670 2023 $437 $78 $515 2024 $430 $79 $509 2025 $435 $81 $516 2026 $427 $82 $510 2027 $431 $84 $515 2028 $434 $86 $520 2029 $437 $87 $524 2030 $427 $89 $516 2031 $429 $91 $520 2032 $430 $93 $523 2033 $430 $95 $525 2034 $430 $97 $526 2035 $429 $98 $527 2036 $439 $100 $539 2037 $436 $102 $538 2038 $432 $105 $536 2039 $427 $107 $534 2040 $434 $109 $543 2041 $439 $111 $550 2042 $431 $113 $544 2043 $434 $115 $549 2044 $435 $118 $553 2045 $435 $120 $555 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $12,852 $2,606 $15,460 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-4 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42230011 Assessment Part B $24,273 Total Equivalent Units 3.25 Year Principal and Interests Administrative Expenses2 Annual Installment Part B 2018 $2,194 $300 $2,495 2019 $2,595 $306 $2,901 2020 $2,558 $312 $2,871 2021 $2,522 $319 $2,841 2022 $2,536 $325 $2,861 2023 $1,867 $332 $2,198 2024 $1,837 $338 $2,175 2025 $1,856 $345 $2,201 2026 $1,823 $352 $2,175 2027 $1,840 $359 $2,199 2028 $1,854 $366 $2,220 2029 $1,864 $373 $2,238 2030 $1,822 $381 $2,203 2031 $1,830 $388 $2,218 2032 $1,835 $396 $2,231 2033 $1,836 $404 $2,241 2034 $1,835 $412 $2,247 2035 $1,831 $420 $2,251 2036 $1,873 $429 $2,302 2037 $1,860 $437 $2,297 2038 $1,843 $446 $2,290 2039 $1,824 $455 $2,279 2040 $1,851 $464 $2,316 2041 $1,873 $474 $2,347 2042 $1,838 $483 $2,322 2043 $1,851 $493 $2,344 2044 $1,857 $503 $2,360 2045 $1,857 $513 $2,370 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $54,863 $11,126 $65,994 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-5 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42230029 Assessment Part B $4,631 Total Equivalent Units 0.62 Year Principal and Interest' Administrative Expenses2 Annual Installment Part B 2018 $419 $57 $476 2019 $495 $58 $554 2020 $488 $60 $548 2021 $481 $61 $542 2022 $484 $62 $546 2023 $356 $63 $419 2024 $350 $65 $415 2025 $354 $66 $420 2026 $348 $67 $415 2027 $351 $68 $420 2028 $354 $70 $424 2029 $356 $71 $427 2030 $348 $73 $420 2031 $349 $74 $423 2032 $350 $76 $426 2033 $350 $77 $428 2034 $350 $79 $429 2035 $349 $80 $430 2036 $357 $82 $439 2037 $355 $83 $438 2038 $352 $85 $437 2039 $348 $87 $435 2040 $353 $89 $442 2041 $357 $90 $448 2042 $351 $92 $443 2043 $353 $94 $447 2044 $354 $96 $450 2045 $354 $98 $452 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $10,468 $2,123 $12,592 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-6 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42230037 Assessment Part B $3,436 Total Equivalent Units 0.46 Year Principal and Interest' Administrative Expenses2 Annual Installment Part B 2018 $311 $43 $353 2019 $367 $43 $411 2020 $362 $44 $406 2021 $357 $45 $402 2022 $359 $46 $405 2023 $264 $47 $311 2024 $260 $48 $308 2025 $263 $49 $312 2026 $258 $50 $308 2027 $260 $51 $311 2028 $262 $52 $314 2029 $264 $53 $317 2030 $258 $54 $312 2031 $259 $55 $314 2032 $260 $56 $316 2033 $260 $57 $317 2034 $260 $58 $318 2035 $259 $60 $319 2036 $265 $61 $326 2037 $263 $62 $325 2038 $261 $63 $324 2039 $258 $64 $323 2040 $262 $66 $328 2041 $265 $67 $332 2042 $260 $68 $329 2043 $262 $70 $332 2044 $263 $71 $334 2045 $263 $73 $336 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $7,767 $1,575 $9,342 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-7 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42229977 Assessment Part B $19,885 Total Equivalent Units 2.66 Year Principal and Interests Administrative Expenses2 Annual Installment Part B 2018 $1,798 $246 $2,044 2019 $2,126 $251 $2,377 2020 $2,096 $256 $2,352 2021 $2,066 $261 $2,327 2022 $2,078 $266 $2,344 2023 $1,529 $272 $1,801 2024 $1,505 $277 $1,782 2025 $1,521 $283 $1,803 2026 $1,494 $288 $1,782 2027 $1,507 $294 $1,801 2028 $1,519 $300 $1,819 2029 $1,527 $306 $1,833 2030 $1,493 $312 $1,805 2031 $1,499 $318 $1,817 2032 $1,503 $325 $1,828 2033 $1,504 $331 $1,836 2034 $1,503 $338 $1,841 2035 $1,500 $344 $1,844 2036 $1,535 $351 $1,886 2037 $1,524 $358 $1,882 2038 $1,510 $366 $1,876 2039 $1,494 $373 $1,867 2040 $1,517 $380 $1,897 2041 $1,534 $388 $1,922 2042 $1,506 $396 $1,902 2043 $1,516 $404 $1,920 2044 $1,521 $412 $1,933 2045 $1,522 $420 $1,942 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $44,946 $9,115 $54,064 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-8 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42229985 Assessment Part B $5,916 Total Equivalent Units 0.79 Year Principal and Interest' Administrative Expenses Annual Installment Part B 2018 $535 $73 $608 2019 $632 $75 $707 2020 $624 $76 $700 2021 $615 $78 $692 2022 $618 $79 $697 2023 $455 $81 $536 2024 $448 $82 $530 2025 $452 $84 $537 2026 $444 $86 $530 2027 $448 $87 $536 2028 $452 $89 $541 2029 $454 $91 $545 2030 $444 $93 $537 2031 $446 $95 $541 2032 $447 $97 $544 2033 $448 $99 $546 2034 $447 $100 $548 2035 $446 $102 $549 2036 $457 $105 $561 2037 $453 $107 $560 2038 $449 $109 $558 2039 $445 $111 $556 2040 $451 $113 $564 2041 $456 $115 $572 2042 $448 $118 $566 2043 $451 $120 $571 2044 $453 $122 $575 2045 $453 $125 $578 2046 $0 $0 $0 2047 $0 $0 $0 2048 $0 $0 $0 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $13,372 $2,712 $16,085 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-9 Draft v1.0 Assessment Roll-Part B Improvement Area#1 Parcel 42229853 Assessment Part B $2,267,438 Total Equivalent Units 303.54 Year Principal and Interests Administrative ExpenseS2 Annual Installment Part B 2018 $204,976 $28,051 $233,027 2019 $242,377 $28,612 $270,990 2020 $238,996 $29,184 $268,182 2021 $235,615 $29,768 $265,386 2022 $236,909 $30,363 $267,276 2023 $174,386 $30,970 $205,361 2024 $171,562 $31,590 $203,158 2025 $173,414 $32,222 $205,642 2026 $170,307 $32,866 $203,181 2027 $171,876 $33,523 $205,408 2028 $173,163 $34,194 $207,366 2029 $174,167 $34,878 $209,055 2030 $170,214 $35,575 $205,800 2031 $170,936 $36,287 $207,235 2032 $171,375 $37,012 $208,401 2033 $171,532 $37,753 $209,299 2034 $171,407 $38,508 $209,930 2035 $170,999 $39,278 $210,293 2036 $174,984 $40,063 $215,065 2037 $173,730 $40,865 $214,612 2038 $172,193 $41,682 $213,893 2039 $170,373 $42,516 $212,908 2040 $172,946 $43,366 $216,333 2041 $174,955 $44,233 $219,209 2042 $171,723 $45,118 $216,863 2043 $172,884 $46,020 $218,928 2044 $173,481 $46,941 $220,446 2045 $173,513 $47,879 $221,417 2046 $0 $0 $26 2047 $0 $0 $27 2048 $0 $0 $28 2049 $0 $0 $0 2050 $0 $0 $0 2051 $0 $0 $0 Total $5,124,997 $1,039,315 $6,164,747 (1)The principal and interest rates are estimated and will be updated at the time of Assessment Part B Levy.Interest rates on the Reimbursement Agreement are estimated at 9.04%per annum for years 1 thorugh 5 and 6.04%per annum thereafter. (2)The Administrative Expense amounts are estimated and will be updated each year as part of the Annual Service Plan Update. C-1-10 EXHIBIT B TOWN OF WESTLAKE, TEXAS NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT a public hearing will be conducted by the Town Council of Westlake, Texas on the 29th day of January 2018 at 6:30 p.m. at Westlake Town Hall, 1500 Solana Boulevard, Building 7, Suite #7200, Westlake, Texas 76262. The public hearing will be held to consider proposed assessments to be levied against certain assessable property within the Solana Public Improvement District (the "District") pursuant to the provisions of Chapter 372 of the Texas Local Government Code, as amended (the "Act"). The general nature of the proposed improvements authorized by the Act to be undertaken and financed for the benefit of certain property within the District (the "Authorized Improvements") include, but are not limited to, a parking garage. The total costs of the Authorized Improvements is $6,815,000. The District includes approximately 85.90 acres of land generally located south of State Highway 114, east of Davis Boulevard, and north of Solana Boulevard, as more particularly described by a metes and bounds description available for public inspection at the office of the Town Secretary, 1500 Solana Boulevard, Building 7, Suite#7200, Westlake, Texas 76262. All written or oral objections on the proposed assessments within the District will be considered at the public hearing. A copy of the Proposed Assessment Roll relating to the Authorized Improvements to be undertaken at this time, which includes the assessments to be levied against certain assessable parcels in the District, is available for public inspection at the office of the Town Secretary, 1500 Solana Boulevard, Building 7, Suite #7200, Westlake, Texas 76262. Resolution 17-45 Page 5 of 5