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Ord 843 Approving Assessment Part B and Assessment Rolls Solana Public Improvement District Parking Garage ORDINANCE NO. 843 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS ACCEPTING AND APPROVING AN ANNUAL SERVICE PLAN UPDATE— ASSESSMENT PART B AND ASSESSMENT ROLLS FOR THE SOLANA PUBLIC IMPROVEMENT DISTRICT; MAKING A FINDING OF SPECIAL BENEFIT TO CERTAIN PROPERTY IN THE DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST CERTAIN PROPERTY WITHIN THE DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE METHOD OF ASSESSMENT AND THE PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL GOVERNMENT CODE, AS AMENDED, PROVIDING PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS,PROVIDING FOR SEVERABILITY,AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town Council (the "Council") of the Town of Westlake, Texas (the "Town") is authorized by the Public Improvement District Assessment Act, Chapter 372, Texas Local Government Code, as amended (the "PID Act"),to create public improvement districts within the Town; and WHEREAS, on February 24, 2014, the 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 Council approved Resolution No. 14-07 (the "Authorization Resolution"), authorizing, establishing and creating the Solana Public Improvement District (the "District"); and WHEREAS, on January 15, 2015, the Council adopted Ordinance No. 741 which, among other matters, approved and accepted the Solana Public Improvement District Service and Assessment Plan (the "Original SAP") and levied assessments on certain assessable property in the District; and WHEREAS, on December 11, 2017, the Council adopted a resolution determining total costs of certain authorized public improvements, approving a preliminary service plan update, including proposed assessment rolls, and directing the publication and mailing of notice of a public hearing (the "Assessment Hearing") to consider an ordinance levying assessments (the "Part B Assessments") on certain benefited property within the District (the "Part B Assessed Property"); and WHEREAS, the Town Secretary filed the proposed Part B Assessment Rolls (defined below) and made the same available for public inspection; and Ordinance 843 Page 1 of 8 WHEREAS, the Town Secretary, pursuant to Section 372.016(c) of the PID Act, mailed the notice of the Assessment Hearing to the last known address of the owners of the property liable for the Part B Assessments; and WHEREAS, the Town Secretary, pursuant to Section 372.016(b) of the PID Act, published notice of the Assessment Hearing on January 12, 2018 in the Fort Worth Star Telegram, a newspaper of general circulation in the Town; and WHEREAS,the Council convened the Assessment Hearing on January 29, 2018, 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 Part B Assessment Rolls and the proposed Part B Assessments, and to offer testimony pertinent to any issue presented on the amount of the Part B Assessments, the allocation of the costs of the authorized public improvements to be undertaken for the benefit of certain property within the District (the "Improvement Project B Improvements"), the purposes of the Part B Assessments, the special benefits of the Improvement Project B Improvements, and the penalties and interest on annual installments and on delinquent annual installments of the Part B Assessments; and WHEREAS, the Council finds and determines that the Part B Assessment Rolls and the Solana Public Improvement District Annual Service Plan Update - Assessment Part B, dated January 29, 2018 (the "SAP Update" and, together with the Original SAP, the "Service and Assessment Plan"), attached as Exhibit A and incorporated as a part of this Ordinance for all purposes, should be approved and that the Part B Assessments should be levied as provided in this Ordinance and the SAP Update, including the assessment rolls attached thereto as Appendix C-1 (the "Part B Assessment Rolls"); and WHEREAS, the Council further finds that there were no objections or evidence submitted to the Town Secretary in opposition to the SAP Update, the allocation of the costs of the Improvement Project B Improvements as described in the SAP Update, the Part B Assessment Rolls or the levy of the Part B Assessments; and WHEREAS,the Council closed the hearing, and, after considering all written and documentary evidence presented at the hearing, including all written comments and statements filed with the Town, determined to proceed with the adoption of this Ordinance in conformity with the requirements of the PID Act; NOW, THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: Section 1. Terms. Terms not otherwise defined herein are defined in the Service and Assessment Plan. Section 2. Findings. The Council hereby finds, determines and ordains, as follows: Ordinance 843 Page 2 of 8 (a) The recitals set forth in the WHEREAS clauses of this Ordinance are true and correct and are hereby incorporated by reference and made a part of this Ordinance for all purposes as if the same were restated in full in this Section and constitute findings of the Council acting in its discretionary, legislative capacity. (b) All actions of the Town in connection with the creation and establishment of the District and the approval of this Ordinance: (i) have been taken and performed in compliance with the PID Act and all other applicable laws, policies and procedures; (ii) have been taken and performed in a regular, proper and valid manner; and (iii) are approved and ratified. (c) The apportionment of the Actual Costs of the Improvement Project B Improvements (as reflected in the SAP Update, and the Administrative Expenses pursuant to the SAP Update) is fair and reasonable, reflects an accurate presentation of the special benefit each assessed Parcel will receive from the construction of the Improvement Project B Improvements identified in the SAP Update, and is hereby approved. (d) The SAP Update covers a period of at least five years and defines the annual indebtedness and projected costs for the Improvement Project B Improvements. (e) The SAP Update apportions the Actual Costs of the Improvement Project B Improvements to be assessed against certain property in the District and such apportionment is made on the basis of special benefits accruing to such property because of the Improvement Project B Improvements. (f) All of the Part B Assessed Property being assessed in the amounts shown on the Part B Assessment Rolls will be benefited by the Improvement Project B Improvements proposed to be constructed as described in the SAP Update, and each assessed Parcel will receive special benefits equal to or greater than the total amount assessed for the Improvement Project B Improvements. (g) The method of apportionment of the Actual Costs of the Improvement Project B Improvements and Administrative Expenses set forth in the SAP Update results in imposing equal shares of the Actual Costs of the Improvement Project B Improvements and Administrative Expenses on property similarly benefited, and results in a reasonable classification and formula for the apportionment of the Actual Costs. (h) The SAP Update has been prepared on behalf of, presented to, and reviewed by the Council and should be approved as an update to the Original SAP, and the Service and Assessment Plan shall be the service plan and assessment plan for the District for all purposes as described in Sections 372.013 and 372.014 of the PID Act. Ordinance 843 Page 3 of 8 (i) The Part B Assessment Rolls should be approved as the assessment rolls for the Part B Assessed Property. 0) The provisions of the SAP Update relating to due and delinquency dates for the Part B Assessments, interest on any Annual Installment Part B, interest and penalties on delinquent Part B Assessments and any delinquent Annual Installment Part B, and procedures in connection with the imposition and collection of Part B Assessments should be approved and will expedite collection of the Part B Assessments in a timely manner in order to provide the services and improvements needed and required for the area within the District. (k) A written notice of the date, hour, place and subject of this meeting of the Council was posted at a place convenient to the public for the time required by law preceding this meeting, as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and this meeting has been open to the public as required by law at all times during which this Ordinance and the subject matter hereof has been discussed, considered, and formally acted upon. Section 3. SAP Update. The SAP Update is hereby accepted and approved as an update to the Original SAP, and the Service and Assessment Plan shall be the service plan and the assessment plan relating to the Improvement Project B Improvements. The Service and Assessment Plan shall be updated by the Council no less frequently than annually as required by the PID Act and more frequently as may be required by the Service and Assessment Plan including upon the issuance of bonds. Section 4. Part B Assessment Rolls. The Part B Assessment Rolls are hereby accepted and approved pursuant to Section 372.016 of the PID Act as the assessment rolls of the Part B Assessed Property for all purposes. Section S. Levy and Payment of Part B Assessments for Costs of the Improvement Proiect B Improvements. (a) The Council hereby levies the Part B Assessments on each Part B Assessed Property, as shown and described in the SAP Update and the Part B Assessment Rolls, in the respective amounts shown in the SAP Update as a special assessment as set forth in the Part B Assessment Rolls. (b) The levy of the Part B Assessments shall be effective on the date of execution of this Ordinance and strictly in accordance with the terms of the SAP Update and the PID Act. (c) The collection of the Part B Assessments shall be as described in the SAP Update and the PID Act. Ordinance 843 Page 4 of 8 (d) Each Part B Assessment may be prepaid in whole or in part at any time without penalty or may be paid in annual installments pursuant to the terms of the SAP Update. (e) Each Part B Assessment shall bear interest at the rate or rates specified in the SAP Update. (f) Each Annual Installment Part B shall be collected each year in the manner set forth in the SAP Update. (g) The Administrative Expenses for the Part B Assessed Property shall be calculated pursuant to the terms of the SAP Update. Section 6. Method of Assessment. The method of apportioning the Actual Costs of the Improvement Project B Improvements and Administrative Expenses is set forth in the SAP Update. Section 7. Penalties and Interest on Delinquent Part B Assessments. Delinquent Part B Assessments shall be subject to the penalties, interest, procedures and foreclosure sales set forth in the SAP Update and as allowed by law. Section 8. Prepayments of Part B Assessments. As provided in the SAP Update, the owner of any Part B Assessed Property may prepay the Part B Assessments levied by this Ordinance. Section 9. Lien Priority. The Council and the owners of the Part B Assessed Property intend for the obligations, covenants and burdens on the Part B Assessed Property, including without limitation such landowners' obligations related to payment of the Part B Assessments and any Annual Installment Part B, to constitute covenants that shall run with the land. The Part B Assessments and the Annual Installment Part B which are levied hereby shall be binding upon the owners of the Part B Assessed Property, and their respective transferees, legal representatives, heirs, devisees, successors and assigns, regardless of whether such owners are named, in the same manner and for the same period as such parties would be personally liable for the payment of ad valorem taxes under applicable law. Part B Assessments shall have lien priority as specified in the Service and Assessment Plan and the PID Act. Section 10. Applicability of Tax Code. To the extent not inconsistent with this Ordinance, and not inconsistent with the PID Act or the other laws governing public improvement districts, the provisions of the Texas Tax Code, as amended, shall be applicable to the imposition and collection of Part B Assessments by the Town. Ordinance 843 Page 5 of 8 Section 11. Filing in Land Records. The Town Secretary is directed to cause a copy of this Ordinance, including the SAP Update and/or the Part B Assessment Rolls, to be recorded in the real property records of Tarrant County, Texas. The Town Secretary is further directed to similarly file each Annual Service Plan Update approved by the Council. Section 12. Severability. If any provision, section, subsection, sentence, clause or phrase of this Ordinance, or the application of same to any person or set of circumstances is for any reason held to be unconstitutional, void or invalid, the validity of the remaining portions of this Ordinance or the application to other persons or sets of circumstances shall not be affected thereby, it being the intent of the Council that no portion hereof, or provision or regulation contained herein shall become inoperative or fail by reason of any unconstitutionality, voidness or invalidity or any other portion hereof, and all provisions of this ordinance are declared to be severable for that purpose. Section 13. Effective Date. This Ordinance shall take effect, and the levy of the Part B Assessments, and the provisions and terms of the SAP Update shall be and become effective upon passage and execution hereof. [Remainder of page left blank intentionally] Ordinance 843 Page 6 of 8 PASSED AND ADOPTED BY THE COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, THIS THE 29'h DAY OF JANUARY, 2018. TOWN OF WESTLAKE, TEXAS Laura Wheat, Mayor ATTEST: \pF WES l Kelly Edwards, TRMC, MMC, Town Secretary STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me on theoil-1 day of 2018 by Laura Wheat and Kelly Edwards, the Mayor and Town Secretary, respectivelyJ, of the Town of Westlake, Texas on behalf of said Town. T() AA I AA IMLA11 /V NoWry- Public, 9tate of Texas =: Pay Pie TANYA D. MORRIS Notary Public STATF OF TEXAS f i-�?•._ +Py3 Notary 10# 12916489-3 My Comm.Exp.October 31,2020 Ordinance 843 Page 7 of 8 Exhibit A SAP Update Ordinance 843 Page 8 of 8 SOLANA PUBLIC IMPROVEMENT DISTRICT WESTLAKE,TEXAS ANNUAL SERVICE PLAN UPDATE-ASSESSMENT PART B January 29, 2018 v2.1 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, A portion of 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 January 29, 2018 (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 $5,825,000 Developer funds $0 $0 $3,735,000 $3,735,000 Total Sources $26,175,000 $3,400,000 $6,160,000 $35,735,000 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 $0 $3,435,370 Debt service reserve $2,074,313 $340,000 $0 $2,414,313 Other bond issuance related costs $2,949,301 $450,018 $0 $3,399,319 Subtotal $8,240,364 $1,008,638 $0 $9,249,002 Total Uses $26,175,000 $3,400,000 $6,160,000 $35,735,000 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 Annual Projected Costs and Indebtedness 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 $6,160,000 $2,425,000 $3,735,000 $2,378,306 2019 $0 $0 $0 $2,547,179 2020 $0 $0 $0 $2,594,521 2021 $0 $0 $0 $2,598,544 2022 $0 $0 $0 $2,600,749 $35,735,000 $32,000,000 $3,735,000 $14,776,908 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, a portion of the parking garage costs and deferred the levy of Assessment Part B to pay for a portion of the parking garage costs 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 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 the 2017-18 Annual Service Plan Update and attached herein as Appendix D-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 the Service and Assessment Plan, as updated from time to time, 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 with due consideration of the mandatory prepayment provisions described in Section VI.0 of the Service and Assessment Plan 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 $6,160,000 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 4 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 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 5 the Assessment Rolls, as updated each year. Payment of the Annual Installments shall commence with tax bills mailed after the levy of the Assessments. Each Assessment Part B shall be paid with interest based on an interest rate of 6.43%per annum for years 1 through 5 and 5.855% per annum following the fifth Annual Installment in accordance with the Reimbursement Agreement — Part B. 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 January 2018 was 4.03%. The Town has determined that the Assessment Part B shall bear interest at the interest rate of 6.43% per annum for years 1 through 5 and 5.855% per annum following the fifth Annual Installment, which rates are equal to or less than the initial maximum allowable rate of interest of 9.03% for years 1 through 5 and equal to or less than the maximum allowable rate of interest following the fifth Annual Installment, which would be 6.03%. 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 VI.H 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 Assessment Roll-Part B v2.1 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 $155,928 $30,000 $185,928 2019 $195,928 $30,600 $226,528 2020 $193,356 $31,212 $224,568 2021 $190,784 $31,836 $222,620 2022 $193,212 $32,473 $225,684 2023 $182,323 $33,122 $215,445 2024 $179,396 $33,785 $213,180 2025 $181,468 $34,461 $215,929 2026 $178,248 $35,150 $213,398 2027 $180,028 $35,853 $215,880 2028 $181,515 $36,570 $218,084 2029 $182,709 $37,301 $220,010 2030 $178,610 $38,047 $216,658 2031 $179,512 $38,808 $218,320 2032 $180,121 $39,584 $219,705 2033 $180,437 $40,376 $220,813 2034 $180,460 $41,184 $221,643 2035 $180,190 $42,007 $222,197 2036 $184,628 $42,847 $227,475 2037 $183,480 $43,704 $227,185 2038 $182,040 $44,578 $226,618 2039 $180,307 $45,470 $225,776 2040 $183,281 $46,379 $229,660 2041 $185,669 $47,307 $232,976 2042 $182,472 $48,253 $230,725 2043 $183,982 $49,218 $233,200 2044 $184,907 $50,203 $235,110 2045 $185,246 $51,207 $236,453 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 $5,110,231 $1,111,536 $6,221,767 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 Assessment Roll-Part B v2.1 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 $2,665 $513 $3,178 2019 $3,348 $523 $3,871 2020 $3,304 $533 $3,838 2021 $3,261 $544 $3,805 2022 $3,302 $555 $3,857 2023 $3,116 $566 $3,682 2024 $3,066 $577 $3,643 2025 $3,101 $589 $3,690 2026 $3,046 $601 $3,647 2027 $3,077 $613 $3,690 2028 $3,102 $625 $3,727 2029 $3,123 $637 $3,760 2030 $3,052 $650 $3,703 2031 $3,068 $663 $3,731 2032 $3,078 $677 $3,755 2033 $3,084 $690 $3,774 2034 $3,084 $704 $3,788 2035 $3,079 $718 $3,798 2036 $3,155 $732 $3,888 2037 $3,136 $747 $3,883 2038 $3,111 $762 $3,873 2039 $3,081 $777 $3,859 2040 $3,132 $793 $3,925 2041 $3,173 $808 $3,982 2042 $3,118 $825 $3,944 2043 $3,144 $841 $3,986 2044 $3,160 $858 $4,019 2045 $3,166 $875 $4,041 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 $87,335 $18,996 $106,339 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 Assessment Roll-Part B Improvement Area#1 Parcel 42229993 Assessment Part B $52,290 Total Equivalent Units 7.00 Year Principal and Interests Administrative Expenses Annual Installment Part B 2018 $3,362 $647 $4,009 2019 $4,225 $660 $4,885 2020 $4,169 $673 $4,842 2021 $4,114 $686 $4,800 2022 $4,166 $700 $4,867 2023 $3,931 $714 $4,646 2024 $3,868 $729 $4,597 2025 $3,913 $743 $4,656 2026 $3,844 $758 $4,602 2027 $3,882 $773 $4,655 2028 $3,914 $789 $4,703 2029 $3,940 $804 $4,744 2030 $3,851 $820 $4,672 2031 $3,871 $837 $4,708 2032 $3,884 $854 $4,738 2033 $3,891 $871 $4,762 2034 $3,891 $888 $4,780 2035 $3,885 $906 $4,792 2036 $3,981 $924 $4,905 2037 $3,956 $942 $4,899 2038 $3,925 $961 $4,887 2039 $3,888 $980 $4,869 2040 $3,952 $1,000 $4,953 2041 $4,004 $1,020 $5,024 2042 $3,935 $1,040 $4,976 2043 $3,967 $1,061 $5,029 2044 $3,987 $1,083 $5,070 2045 $3,994 $1,104 $5,099 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 $110,192 $23,968 $134,170 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 Assessment Roll-Part B Improvement Area#1 Parcel 42230002 Assessment Part B $5,686 Total Equivalent Units 0.76 Year Principal and Interests Administrative Expenses2 Annual Installment Part B 2018 $366 $70 $436 2019 $459 $72 $531 2020 $453 $73 $527 2021 $447 $75 $522 2022 $453 $76 $529 2023 $428 $78 $505 2024 $421 $79 $500 2025 $426 $81 $506 2026 $418 $82 $500 2027 $422 $84 $506 2028 $426 $86 $511 2029 $428 $87 $516 2030 $419 $89 $508 2031 $421 $91 $512 2032 $422 $93 $515 2033 $423 $95 $518 2034 $423 $97 $520 2035 $423 $98 $521 2036 $433 $100 $533 2037 $430 $102 $533 2038 $427 $105 $531 2039 $423 $107 $529 2040 $430 $109 $539 2041 $435 $111 $546 2042 $428 $113 $541 2043 $431 $115 $547 2044 $434 $118 $551 2045 $434 $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 $11,983 $2,606 $14,590 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 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 $1,561 $300 $1,861 2019 $1,961 $306 $2,267 2020 $1,935 $312 $2,248 2021 $1,910 $319 $2,228 2022 $1,934 $325 $2,259 2023 $1,825 $332 $2,157 2024 $1,796 $338 $2,134 2025 $1,816 $345 $2,161 2026 $1,784 $352 $2,136 2027 $1,802 $359 $2,161 2028 $1,817 $366 $2,183 2029 $1,829 $373 $2,202 2030 $1,788 $381 $2,169 2031 $1,797 $388 $2,185 2032 $1,803 $396 $2,199 2033 $1,806 $404 $2,210 2034 $1,806 $412 $2,219 2035 $1,804 $420 $2,224 2036 $1,848 $429 $2,277 2037 $1,837 $437 $2,274 2038 $1,822 $446 $2,269 2039 $1,805 $455 $2,260 2040 $1,835 $464 $2,299 2041 $1,858 $474 $2,332 2042 $1,826 $483 $2,310 2043 $1,842 $493 $2,334 2044 $1,851 $503 $2,354 2045 $1,854 $513 $2,367 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 $51,151 $11,126 $62,282 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 Assessment Roll-Part B Improvement Area#1 Parcel 42230029 Assessment Part B $4,631 Total Equivalent Units 0.62 Year Principal and Interest' Administrative Expenses Annual Installment Part B 2018 $298 $57 $355 2019 $374 $58 $433 2020 $369 $60 $429 2021 $364 $61 $425 2022 $369 $62 $431 2023 $348 $63 $411 2024 $343 $65 $407 2025 $347 $66 $412 2026 $340 $67 $408 2027 $344 $68 $412 2028 $347 $70 $417 2029 $349 $71 $420 2030 $341 $73 $414 2031 $343 $74 $417 2032 $344 $76 $420 2033 $345 $77 $422 2034 $345 $79 $423 2035 $344 $80 $424 2036 $353 $82 $434 2037 $350 $83 $434 2038 $348 $85 $433 2039 $344 $87 $431 2040 $350 $89 $439 2041 $355 $90 $445 2042 $348 $92 $441 2043 $351 $94 $445 2044 $353 $96 $449 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 $9,760 $2,123 $11,884 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 Assessment Roll-Part B Improvement Area#1 Parcel 42230037 Assessment Part B $3,436 Total Equivalent Units 0.46 Year Principal and Interest' Administrative Expenses Annual Installment Part B 2018 $221 $43 $263 2019 $278 $43 $321 2020 $274 $44 $318 2021 $270 $45 $315 2022 $274 $46 $320 2023 $258 $47 $305 2024 $254 $48 $302 2025 $257 $49 $306 2026 $253 $50 $302 2027 $255 $51 $306 2028 $257 $52 $309 2029 $259 $53 $312 2030 $253 $54 $307 2031 $254 $55 $309 2032 $255 $56 $311 2033 $256 $57 $313 2034 $256 $58 $314 2035 $255 $60 $315 2036 $262 $61 $322 2037 $260 $62 $322 2038 $258 $63 $321 2039 $255 $64 $320 2040 $260 $66 $325 2041 $263 $67 $330 2042 $259 $68 $327 2043 $261 $70 $330 2044 $262 $71 $333 2045 $262 $73 $335 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 $7,241 $1,575 $8,817 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 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 $1,279 $246 $1,525 2019 $1,607 $251 $1,858 2020 $1,586 $256 $1,841 2021 $1,564 $261 $1,826 2022 $1,584 $266 $1,851 2023 $1,495 $272 $1,767 2024 $1,471 $277 $1,748 2025 $1,488 $283 $1,771 2026 $1,462 $288 $1,750 2027 $1,476 $294 $1,770 2028 $1,488 $300 $1,788 2029 $1,498 $306 $1,804 2030 $1,465 $312 $1,777 2031 $1,472 $318 $1,790 2032 $1,477 $325 $1,802 2033 $1,480 $331 $1,811 2034 $1,480 $338 $1,818 2035 $1,478 $344 $1,822 2036 $1,514 $351 $1,865 2037 $1,505 $358 $1,863 2038 $1,493 $366 $1,858 2039 $1,479 $373 $1,852 2040 $1,503 $380 $1,883 2041 $1,523 $388 $1,911 2042 $1,496 $396 $1,892 2043 $1,509 $404 $1,912 2044 $1,516 $412 $1,928 2045 $1,519 $420 $1,939 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 $41,904 $9,115 $51,023 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 Assessment Roll-Part B Improvement Area#1 Parcel 42229985 Assessment Part B $5,916 Total Equivalent Units 0.79 Year Principal and Interest' Administrative Expenses2 Annual Installment Part B 2018 $380 $73 $454 2019 $478 $75 $553 2020 $472 $76 $548 2021 $465 $78 $543 2022 $471 $79 $551 2023 $445 $81 $526 2024 $438 $82 $520 2025 $443 $84 $527 2026 $435 $86 $521 2027 $439 $87 $527 2028 $443 $89 $532 2029 $446 $91 $537 2030 $436 $93 $529 2031 $438 $95 $533 2032 $439 $97 $536 2033 $440 $99 $539 2034 $440 $100 $541 2035 $440 $102 $542 2036 $450 $105 $555 2037 $448 $107 $554 2038 $444 $109 $553 2039 $440 $111 $551 2040 $447 $113 $560 2041 $453 $115 $568 2042 $445 $118 $563 2043 $449 $120 $569 2044 $451 $122 $574 2045 $452 $125 $577 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 $12,467 $2,712 $15,180 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 v2.1 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 $145,796 $28,051 $173,847 2019 $183,197 $28,612 $211,810 2020 $180,792 $29,184 $209,978 2021 $178,388 $29,768 $208,158 2022 $180,658 $30,363 $211,025 2023 $170,477 $30,970 $201,452 2024 $167,739 $31,590 $199,335 2025 $169,677 $32,222 $201,905 2026 $166,666 $32,866 $199,540 2027 $168,330 $33,523 $201,862 2028 $169,721 $34,194 $203,924 2029 $170,837 $34,878 $205,725 2030 $167,005 $35,575 $202,592 2031 $167,848 $36,287 $204,147 2032 $168,417 $37,012 $205,443 2033 $168,713 $37,753 $206,479 2034 $168,735 $38,508 $207,257 2035 $168,483 $39,278 $207,776 2036 $172,632 $40,063 $212,712 2037 $171,559 $40,865 $212,441 2038 $170,212 $41,682 $211,913 2039 $168,591 $42,516 $211,127 2040 $171,372 $43,366 $214,759 2041 $173,605 $44,233 $217,860 2042 $170,616 $45,118 $215,756 2043 $172,028 $46,020 $218,072 2044 $172,893 $46,941 $219,858 2045 $173,210 $47,879 $221,115 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 $4,778,198 $1,039,315 $5,817,949 (1)The principal and interest on the Reimbursement Agreement-Part B are calculated using 6.43%per annual for years 1 through 5 and 5.855%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 Appendix D-1 Summary fo Land Use and Equivalent Units by Parcel and POD Improvement Area #1 10 Appendix A-3 Summary of Land Use and Equivalent Units by Parcels and POD Improvement Area#1 POD Units/ Land Use EU Total New Parcel ID No.(1) Proposed Use Sq.Ft. Class Factor EU 1 Commercial-Retail 2,200 10 0.22 0.48 42229845 29 Commercial-Retail 1,200 10 0.22 0.26 30 Commercial-Office 24,000 11 0.20 4.80 subtotal 5.55 Commercial-Retail 7,000 10 0.22 1.54 42229993 25 Condo(2,500 sq. ft.to 3,600 sq. ft.) 3 2 0.62 1.86 Condo Under 2,500 sq. ft. 6 3 0.60 3.6 subtotal 7.00 42230002 26 Commercial-Retail 3,460 10 0.22 0.76 42230011 27 Commercial-Retail 14,770 10 0.22 3.25 42230029 27 Commercial-Office 3,100 11 0.20 0.62 42230037 27 Commercial-Office 2,300 11 0.20 0.46 42229977 28 Commercial-Retail 12,100 10 0.22 2.66 42229985 28 Commercial-Retail 3,600 10 0.22 0.79 2 Commercial-Office 117,000 11 0.20 23.40 3 Commercial-Retail 56,740 10 0.22 12.48 4 Commercial-Retail 47,200 10 0.22 10.38 5 Commercial-Office 44,700 11 0.20 8.94 6 Commercial-Office 14,000 11 0.20 2.80 7 Public 0 0 0.00 0 8 Commercial-Retail 51,530 10 0.22 11.34 9 Commercial-Retail 20,200 10 0.22 4.44 10 Commercial-Hospitality 61,500 12 0.21 12.92 11 Public 0 0 0.00 0 12 Commercial-Retail 5,800 10 0.22 1.28 13 Commercial-Retail 29,800 10 0.22 6.56 14 Commercial-Retail 21,900 10 0.22 4.82 Commercial-Retail 5,000 10 0.22 1.10 15 Condo(More than 3,600 sq. ft.) 6 1 1.00 6.00 Condo 2,500 sq.ft.to 3,600 sq. ft. 6 2 0.62 3.72 42229853 16 Commercial-Institutional 33,000 13 0.19 6.27 17 Commercial-Office 22,000 11 0.20 4.40 Commercial-Retail 37,800 10 0.22 8.32 18 Condo(More than 3,600 sq. ft.) 20 1 1.00 20.00 Condo 2,500 sq. ft.to 3,600 sq. ft. 39 2 0.62 24.18 Commercial-Retail 46,800 10 0.22 10.30 19 Condo(More than 3,600 sq. ft.) 6 1 1.00 6.00 Condo 2,500 sq. ft.to 3,600 sq. ft. 8 2 0.62 4.96 20 Commercial-Hospitality 97,000 12 0.21 20.37 21 Commercial-Hospitality 97,000 12 0.21 20.37 Commercial-Retail 5,000 10 0.22 1.10 22 Condo(More than 3,600 sq. ft.) 6 1 1.00 6.00 Condo 2,500 sq. ft.to 3,600 sq. ft. 15 2 0.62 9.30 23 Commercial-Institutional 231,600 13 0.19 44.00 24 Commercial-Office 3,000 11 0.20 0.60 31 Commercial-Office 36,000 11 0.20 7.20 Subtotal 303.54 Grand Total-Improvement Area#1 324.63 Note: The proposed uses for each Parcel and pod are provided by the Developer. 12 MARY LOUISE GARCIA " COUNTY CLERK i 100 West Weatherford Fort Worth, TX 76196-0401 •• PHONE (817) 884-1195 TOWN OF WESTLAKE 1500 SOLANA BLVD WESTLAKE, TX 76262 Submitter: TOWN OF WESTLAKE DO NOT DESTROY WARNING - THIS IS PART OF THE OFFICIAL RECORD, Filed For Registration: 2/12/2018 4:25 PM Instrument#: D218030751 ORD 36 PGS $152.00 By: D218030751 ANY PROVISION WHICH RESTRICTS THE SALE, RENTAL OR USE OF THE DESCRIBED REAL PROPERTY BECAUSE OF COLOR OR RACE IS INVALID AND UNENFORCEABLE UNDER FEDERAL LAW. Star-Telegr,Apm Arlington CinZenJoumal I The Keller Citizen 10 Estrella Mansfield Newei I Star-Telegram Northeast I Weatherford Star Telegram star-telegram.wm 1808 ThrocNm anon St.I R Worth,Ta.75102453151500.775.7027 AFFIDAVIT OF PUBLICATION haxnl• MNumaB� Hitoricn PO Amaunl Cda DpIM1 803440 0003514282 ORDINANCE NO.043 AN ORDINANCE OF THE 5404.00 1 10.00 ❑ Attention: THE STATE OF TEXAS TOWN OF WESTLAKE County of Tarrant 1301 SOLANA BLVD BLDG 4 STE 4202 Before me,a Notary Public in and for ROANOKE,TX 762627840 said County and State,this day personally appeared CHRISTINE LOPEZ, Bid and Legal Coordinator for the Star-Telegram,published by the Star-Telegram, Inc.at Fort Worth, in Tarrant County,Texas;and MS who, after beingdui swum,did AN ORDIN WE TOWN y COUNCIL TOWN OF depose and say that the attached WESTLAKE TEXAS ACCEPTING ANO APPRLVING AN ANNUAL clipping Of an advertisement was SERVICE PLAN UPDATE - AS- SESSMENT PART B AND AS- published In the above named paper SESSMENT ROLLS FOR THE on the listed dates: BOLANA PUBLIC IMPROVE MENT DISTRICT; MAKING A FINDING OF SPECIAL BENEFIT TO CERTAIN OPERTY IN THE DISTRICT' LEVYING SPECIAL ASSESSNIENIS AGAINST CER- 2 HIInsertion(s) THIN PROPERTY WITN THE DISTRICT AND ESTABLISHING p LIEN ON SUCH PROPERiV; Published On' PROVIDING FOR THE METHOD OF ASSESSMENT AND THE February 07,2018,February 08, PAYMENT t TME ASSESS- MENTS IN ACCORDANCE WITH CHAPTER 372, TE%AS LOCAL 2018 GOVERNMENT CODE, AS AMENDED,PROVIDING PENAL TIES AND INTEREST ON DELIN- OVENT ASSESSMENTS, PRO- VIDING FOR SEVERAeILITV, AND PROVIDING, EFFECTIVE DATE. ,act T.Penalties antl interest an DellnaII it B Asussments. Dell11 s Pan B Assessments sM1all Ee suCNct Sures antl folreclas a sales set fort Int SAP Dptlate an as IlOwed by law. PASSED AND p00PTED 8Y THE COUNCIL OF ` THE TOWN of WESTLAKE TEXAS iH15 THE 29M DAY )ANUAhY,20� (Principal Clark) SUBSCRIBED AND SWORN TO BEFORE ME,THIS 8th day of February in the year of 220`18 20 Notary Public oxo`'\°$'"e, LESLIE BUCKLEY qS Notary Public,State of Texas 0_ Comm. Expires 0924-2021 or Notary ID 128058260