HomeMy WebLinkAboutOrdinance 3625 ORDINANCE NO. 3625
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NORTH
RICHLAND HILLS, TEXAS ACCEPTING AND APPROVING A SERVICE
AND ASSESSMENT PLAN AND IMPROVEMENT ZONE A
ASSESSMENT ROLL FOR THE CITY POINT PUBLIC IMPROVEMENT
DISTRICT; MAKING A FINDING OF SPECIAL BENEFIT TO THE
PROPERTY DESIGNATED AS IMPROVEMENT ZONE A OF THE
DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY
WITHIN IMPROVEMENT ZONE A OF THE DISTRICT AND
ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR THE
METHOD OF ASSESSMENT AND THE PAYMENT OF THE
IMPROVEMENT ZONE A 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, a petition was submitted and filed with the City Secretary (the "City
Secretary") of the City of North Richland Hills, Texas (the "City") pursuant
to the Public Improvement District Assessment Act, Chapter 372, Texas
Local Government Code, as amended (the "PID Act"), requesting the
creation of a public improvement district within the City; and
WHEREAS, the petition contained the signatures of the record owners of taxable real
property representing more than fifty percent of the appraised value of
taxable real property liable for assessment within the District (as defined
herein), as determined by the most recent ad valorem tax rolls of the
Tarrant Appraisal District and the signatures of the record owners of taxable
real property that constitute more than fifty percent of all the area of all
taxable real property that is liable for assessment in the District; and
WHEREAS, on September 9, 2019, after due notice, the City Council of the City (the
"City Council") held a public hearing in the manner required by law on the
advisability of the public improvements and services described in the
petition as required by Section 372.009 of the PID Act and made the
findings required by Section 372.009(b) of the PID Act and, by Resolution
No. 2019-035 (the "Authorization Resolution") adopted by the members of
the City Council, authorized and created the City Point Public Improvement
District (the "District") in accordance with its finding as to the advisability of
the improvement projects and services; and
WHEREAS, on September 16, 2019, the City published the Authorization Resolution as
required by law; and
_ WHEREAS, no written protests regarding the creation of the District from any owners of
record of property within the District were filed with the City Secretary; and
Ordinance No.3625
Page 1 of 9
WHEREAS, on October 14, 2019, the Council adopted a resolution approving the
preliminary service and assessment plan, including the proposed
assessment roll; calling for a public hearing to consider an ordinance
levying assessments on property within Improvement Zone A of the District
(the "Improvement Zone A Assessments"); authorizing and directing the
City Secretary of the City to file the proposed assessment roll and make
such roll available for public inspection; authorizing and directing the
publication of notice of a public hearing to consider the levying of the
Improvement Zone A Assessments against the property within
Improvement Zone A of the District (the "Assessment Hearing");
authorizing and directing the mailing of notice of the Assessment Hearing
to owners of property liable for assessment; and directing related action;
and
WHEREAS, the City Secretary filed the Improvement Zone A Assessment Roll (defined
below) and made the same available for public inspection; and
WHEREAS, the City Secretary, pursuant to Section 372.016(b)of the PID Act, published
notice of the Assessment Hearing on October 25, 2019 in the Fort Worth
Star-Telegram, a newspaper of general circulation in the City; and
WHEREAS, the City 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 Improvement Zone A Assessments;
and
WHEREAS, the City Council convened the Assessment Hearing on November 12, 2019,
and recessed that public hearing until December 9, 2019, at which time the
City Council continued the public hearing and 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 Improvement Zone A
Assessment Roll, and the proposed Improvement Zone A Assessments,
and to offer testimony pertinent to any issue presented on the amount of
the Improvement Zone A Assessments, the allocation of the costs of the
public improvements to be undertaken for the benefit of Improvement Zone
A (the "Public Improvements"), the purposes of the Improvement Zone A
Assessments, the special benefits of the Public Improvements, and the
penalties and interest on annual installments and.on delinquent annual
installments of the Improvement Zone A Assessments; and
WHEREAS, the City Council finds and determines that the City Point Public
Improvement District Service and Assessment Plan, dated December 9,
2019 in a form substantially similar to the attached Exhibit A, which final
form shall be approved by the City Manager(the
"Service and Assessment
Plan"), and which is incorporated herein for all purposes, should be
approved and that the Improvement Zone A Assessments should be levied
Ordinance No.3625
Page 2 of 9
as provided in this Ordinance and the Service and Assessment Plan and
the Improvement Zone A Assessment Roll attached thereto as Appendix
F-1 (the "Improvement Zone A Assessment Roll"); and
WHEREAS, the City Council further finds that there were no objections or evidence
submitted to the City Secretary in opposition to the Service and
Assessment Plan, the allocation of the Actual Costs (as defined in the
Service and Assessment Plan) of the Public Improvements as described in
the Service and Assessment Plan, the Improvement Zone A Assessment
Roll, or the levy of the Improvement Zone A Assessments; and
WHEREAS, prior to the issuance of bonds secured by the Improvement Zone A
Assessments, the owners (the "Assessed Parties"), or their
representatives, of the majority of the taxable real property located within
the District, and who are the persons to be assessed pursuant to this
Ordinance, have indicated their approval and acceptance of the Service
and Assessment Plan, the Improvement Zone A Assessment Roll, this
Ordinance and the levy of the Improvement Zone A Assessments against
their property located within Improvement Zone A of the District, and
agreed to pay the Improvement Zone A Assessments when due and
payable and requested that the City file the Service and Assessment Plan
and/or the assessment roll with the real property records of Tarrant County;
and
WHEREAS, the City Council closed the hearing, and, after considering all written and
documentary evidence presented at the hearing, including all written
comments and statements filed with the City, 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 CITY COUNCIL OF THE CITY OF
NORTH RICHLAND HILLS, TEXAS, THAT:
SECTION 1: Terms not otherwise defined herein are defined in the Service and
Assessment Plan.
SECTION 2: The findings and determinations set forth in the preambles hereof 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. The City
Council hereby finds, determines, and ordains, as follows:
(i) The apportionment of the Actual Costs of the Public
Improvements (as reflected in the Service and Assessment
Plan, and the Annual Collection Costs pursuant to the Service
and Assessment Plan) is fair and reasonable, reflects an
accurate presentation of the special benefit each parcel of
Ordinance No.3625
Page 3 of 9
Improvement Zone A Assessed Property will receive from the
construction of the Public Improvements identified in the
Service and Assessment Plan, and is hereby approved;
(ii) The Service and Assessment Plan covers a period of at least
five years and defines the annual indebtedness and projected
costs for the Public Improvements;
(iii)The Service and Assessment Plan apportions the Actual Costs
of the Public Improvements to be assessed against the property
in Improvement Zone A of the District and such apportionment
is made on the basis of special benefits accruing to such
property because of the Public Improvements;
(iv)All of the real property designated as Improvement Zone A of
the District which is being assessed in the amounts shown in
the Improvement Zone A Assessment Roll will be benefited by
the Public Improvements proposed to be constructed as
described in the Service and Assessment Plan, and each parcel
of Improvement Zone A Assessed Property will receive special
benefits in each year equal to or greater than each annual
Improvement Zone A Assessment levied against the parcel of
Improvement Zone A Assessed Property and will receive
special benefits during the term of the Improvement Zone A
Assessments equal to or greater than the total amount
assessed;
(v) The method of apportionment of the Actual Costs of the Public
Improvements and Annual Collection Costs set forth in the
Service and Assessment Plan results in imposing equal shares
of the Actual Costs of the Public Improvements and Annual
Collection Costs on property similarly benefited, and results in
a reasonable classification and formula for the apportionment
of the Actual Costs;
(vi)The Service and Assessment Plan should be approved as the
service plan and assessment plan for the District as described
in Sections 372.013 and 372.014 of the PID Act;
(vii) The Improvement Zone A Assessment Roll should be
approved as the assessment roll for Improvement Zone A of the
District;
(viii) The provisions of the Service and Assessment Plan relating
to due and delinquency dates for the Improvement Zone A
Assessments, interest on Annual Installments, interest and
Ordinance No. 3625
Page 4 of 9
penalties on delinquent Improvement Zone A Assessments and
delinquent Annual Installments, and procedures in connection
with the imposition and collection of Improvement Zone A
Assessments should be approved and will expedite collection
of the Improvement Zone A Assessments in a timely manner in
order to provide the services and improvements needed and
required for the area within the District; and
(ix)A written notice of the date, hour, place and subject of this
meeting of the City 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 that 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: The Service and Assessment Plan is hereby accepted and approved
pursuant to Sections 372.013 and 372.014 of the PID Act as the service
plan and the assessment plan for the District.
SECTION 4: The Improvement Zone A Assessment Roll is hereby accepted and
approved pursuant to Section 372.016 of the PID Act as the assessment
roll for Improvement Zone A of the District.
SECTION 5: (a) The City Council hereby levies an assessment on each parcel of
Improvement Zone A Assessed Property (excluding Non-Benefitted
Property within Improvement Zone A) located within Improvement Zone A
of the District, as shown and described in the Service and Assessment
Plan and the Improvement Zone A Assessment Roll, in the respective
amounts shown on the Improvement Zone A Assessment Roll as a special
assessment on the properties as set forth in the Improvement Zone A
Assessment Roll.
(b) The levy of the Improvement Zone A Assessments shall be effective
on the date of adoption of this Ordinance levying the Improvement Zone
A Assessments and strictly in accordance with the terms of the Service
and Assessment Plan and the PID Act.
(c) The collection of the Improvement Zone A Assessments shall be as
described in the Service and Assessment Plan and the PID Act.
(d) Each Improvement Zone A Assessment may be paid in a lump sum
at any time or may be paid in Annual Installments pursuant to the terms of
the Service and Assessment Plan.
Ordinance No.3625
Page 5 of 9
(e) Each Improvement Zone A Assessment shall bear interest at the rate
or rates specified in the Service and Assessment Plan.
(f) Each Annual Installment shall be collected each year in the manner
set forth in the Service and Assessment Plan.
(g) The Annual Collection Costs for Improvement Zone A Assessed
Property shall be calculated pursuant to the terms of the Service and
Assessment Plan.
SECTION 6: The method of apportioning the Actual Costs of the Public Improvements
and Annual Collection Costs are set forth in the Service and Assessment
Plan.
SECTION 7: Delinquent Improvement Zone A Assessments shall be subject to the
penalties, interest, procedures, and foreclosure sales set forth in the
Service and Assessment Plan and as allowed by law.
SECTION 8: As provided in Section VI of the Service and Assessment Plan, the owner
of any Improvement Zone A Assessed Property may prepay the
Improvement Zone A Assessments levied by this Ordinance.
SECTION 9: The City Council and the Assessed Parties intend for the obligations,
covenants and burdens on the Assessed Parties of each parcel of
Improvement Zone A Assessed Property, including without limitation such
Assessed Party's obligations related to payment of the Improvement Zone
A Assessments and/or the Annual Installments thereof, to constitute
covenants that shall run with the land. The Improvement Zone A
Assessments and the Annual Installments thereof which are levied hereby
shall be binding upon the Assessed Parties, as the owners of each parcel
of Improvement Zone A Assessed Property, and their respective
transferees, legal representatives, heirs, devisees, successors and
assigns in the same manner and for the same period as such parties would
be personally liable for the payment of ad valorem taxes under applicable
law. Improvement Zone A Assessments shall have lien priority as
specified in the Service and Assessment Plan and the PID Act.
SECTION 10: (a) P3Works, LLC, is hereby appointed and designated as the initial
Administrator of the Service and Assessment Plan and of Improvement
Zone A Assessments levied by this Ordinance. The Administrator shall
perform the duties of the Administrator described in the Service and
Assessment Plan and in this Ordinance. The Administrator's fees,
charges and expenses for providing such service shall constitute an
Annual Collection Cost.
Ordinance No.3625
Page 6 of 9
(b)The City's Finance Director is hereby appointed and designated as the
temporary collector of the Improvement Zone A Assessments (the
"Collector"). The Collector shall serve in such capacity until such time as
the City shall arrange for the Collector's duties to be performed by the
Tarrant County Tax Assessor and Collector, or another qualified collection
agent selected by the City.
SECTIO
N 11: To the extent not inconsistent with this Ordinance, and not inconsistent
to t with
the PID Act or the other laws governing public improvement districts, the
provisions of the Texas Tax Code shall be applicable to the imposition and
collection of Improvement Zone A Assessments by the City.
SECTION 12: The City Secretary is directed to cause a copy of this Ordinance, including
the Service and Assessment Plan and the Improvement Zone A
Assessment Roll, to be recorded in the real property records of Tarrant
County. The City Secretary is further directed to similarly file each Annual
Service Plan Update approved by the City Council.
SECTION 13: If any provision, section, subsection, sentence, clause, or phrase of this
Ordinance, or the application of the same to any person or set of
circumstances is for any reason held to be unconstitutional, void, or
invalid, the validity of the remaining portions of this Ordinance or the
application to other persons or sets of circumstances shall not be affected
thereby, it being the intent of the City Council that no portion hereof, or
provision or regulation contained herein shall become inoperative or fail
by reason of any unconstitutionality, voidness, or invalidity or any other
portion hereof, and all provisions of this ordinance are declared to be
severable for that purpose.
SECTION 14: This Ordinance shall take effect, and the levy of the Improvement Zone A
Assessments, and the provisions and terms of the Service and
Assessment Plan shall be and become effective upon passage and
execution hereof.
Ordinance No.3625
Page 7 of 9
AND IT IS SO ORDAINED.
PASSED AND APPROVED on this 9th day of December, 2019.
CITY OF -O' TH -IfHLA► a HILLS
By: Aor
Oscar evi' Mayor
► uaw uittrr
ATTEST:
i ®y'{%•,,,
Cr
Alicia Richardson, City Secretary
APPROVED AS TO FORM AND LEGALITY:
um16:5tu\c6;
Maleshia B. McGinnis, City Attorney
APP E S TO CONTENT:
Craig H Is , Director of Economic Development
STATE OF TEXAS §
COUNTY OF TARRANT § jj
This instrument was acknowledged before me on the ��" dayof December,
g
2019 by Oscar Trevino, Alicia Richardson, Maleshia B. McGinnis and Craig Hulse, Mayor,
City Secretary, City Attorney and Economic Development Director, respectively, of the
City of North Richland Hills, Texas on behalf of said City.
9d4L
Notary Public, State of Texas
(SEAL)
s?. GINA PASTRE
Ordinance No.3625 ;a My Notary ID#126109049
Page 8 of 9 .+ ,., • Expires May 11,2023
J
f
EXHIBIT A
Service and Assessment Plan
Ordinance No. 3625
Page 9 of 9
City Point
Pu . Mc Lrovement
SERVICE AND ASSESSMENT PLAN
DECEMBER 9, 2019
•
°
AUS 11,TX 1 KELLER TX
TABLE OF CONTENTS
Table of Contents 1
Introduction 3
Section I: Definitions 4
Section II:The District 11
Section III:Authorized Improvements and District Formation and Bond Issuance Costs 11
Section IV: Service Plan 13
Section V:Assessment Plan 13
Section VI:Terms of the Assessments 18
Section VII:Assessment Roll 25
Section VIII:Additional Provisions 25
Exhibits 27
Exhibit A-1—District Legal Description 28
Exhibit A-2—Improvement Zone A Legal Description 33
Exhibit A-3—Improvement Zone B Legal Description 37
Exhibit A-4—Single Family Tracts Legal Description 41
Exhibit A-5—Multifamily Tracts Legal Description 47
Exhibit A-6—Commercial Tracts Legal Description 49
Exhibit B-1—Map of the District 52
Exhibit B-2—Map of Improvement Zone A 53
Exhibit B-3—Map of Improvement Zone B 54
Exhibit B-4—Map of Single Family Tracts 55
Exhibit B-5—Map of Multifamily Tracts 56
Exhibit B-6—Map of Commercial Tracts 57
Exhibit C—Authorized Improvements 58
Exhibit D—Service Plan 59
Exhibit E-1—Sources and Uses of Funds by Tract 60
Exhibit E-2—Sources and Uses of Funds by Improvement Zone 61
Exhibit F-1— Improvement Zone A Assessment Roll 62
Exhibit F-2— Improvement Zone B Assessment Roll 63
Exhibit G-1—Improvement Zone A Annual Installments 64
Exhibit G-2—Improvement Zone B Annual Installments 65
CITY POINT PUBLIC IMPROVEMENT DISTRICT
1
SERVICE AND ASSESSMENT PLAN
Exhibit G-3—Single Family Tracts Annual Installments 66
Exhibit G-4— Lot Type SF1 Annual In
stallments nn al In tallments per Unit 67
Exhibit G-5—Lot Type SF2 Annual Installments per Unit 68
Exhibit G-6—Lot Type SF3 Annual Installments per Unit 69
Exhibit G-7— Multifamily Tracts Annual Installments 70
Exhibit G-8—Lot Type MF Annual Installments per Acre 71
Exhibit G-9—Commercial Tracts Annual Installments 72
Exhibit G-10—Lot Type Commercial Annual Installments per Acre 73
Exhibit H—Maps of Authorized Improvements 74
Exhibit I—Concept Plan 79
Exhibit J—Maximum Assessment by Lot Type 80
Exhibit K—Maximum TIRZ No. 3 Annual Credit Amount by Lot Type for Improvement Zone A 81
Exhibit L—Form of Notice of PID Assessment Termination 82
CITY POINT PUBLIC IMPROVEMENT DISTRICT 2
SERVICE AND ASSESSMENT PLAN
INTRODUCTION
Capitalized terms used in this Service and Assessment Plan shall have the meanings given to them
in Section I unless otherwise defined in this Service and Assessment Plan or unless the context in
which a term is used clearly requires a different meaning. Unless otherwise defined, a reference
to a "Section"or an "Exhibit"shall be a reference to a Section of this Service and Assessment Plan
or an Exhibit attached to and made a part of this Service and Assessment Plan for all purposes.
On September 9, 2019, the City Council of the City of North Richland Hills, Texas passed and
approved Resolution No. 2019-035 authorizing the establishment of the City Point Public
Improvement District in accordance with Chapter 372, Texas Local Government Code, which
authorization was effective upon publication as required by the PID Act. The purpose of the
District is to finance the Actual Costs of Authorized Improvements that confer a special benefit
on approximately 52.873 acres located within the corporate limits of the City, as described by
metes and bounds on Exhibit A-1 and depicted on Exhibit B-1.
The PID Act requires a service plan covering a period of at least five years and defining the annual
indebtedness and projected cost of the Authorized Improvements. The Service Plan is contained
in Section IV.
The PID Act requires that the Service Plan include an Assessment Plan that assesses the Actual
Costs of the Authorized Improvements against the District based on the special benefits
conferred on the District by the Authorized Improvements. The Assessment Plan is contained in
Section V.
The PID Act requires an Assessment Roll that states the Assessment against each Parcel
determined by the method chosen by the City Council. The Assessment against each Parcel must
be sufficient to pay the share of the Actual Costs of the Authorized Improvements apportioned
to the Parcel and cannot exceed the special benefit conferred on the Parcel by such Authorized
Improvements. The Assessment Roll for Improvement Zone A is included as Exhibit F-1, and the
Assessment Roll for Improvement Zone B is included as Exhibit F-2.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 3
SERVICE AND ASSESSMENT PLAN
SECTION I: DEFINITIONS
"Actual Costs" mean with respect to Authorized Improvements,the actual costs paid or incurred
by or on behalf of the Owner of the District, including : (1) the costs incurred by or on behalf of
the Owner (either directly or through affiliates) for the design, planning, financing,
administration/management, acquisition, installation, construction and/or implementation of
such Authorized Improvements; (2) the fees paid for obtaining permits, licenses, or other
governmental approvals for such Authorized Improvements; (3) construction management fees;
(4) the costs incurred by or on behalf of the Owner for external professional costs, such as
engineering, geotechnical, surveying, land planning, architectural landscapers, appraisals, legal,
accounting, and similar professional services; (5) all labor, bonds, and materials, including
equipment and fixtures, by contractors, builders, and materialmen in connection with the
acquisition, construction, or implementation of the Authorized Improvements; (6) all related
permitting and public approval expenses, architectural, engineering, and consulting fees, taxes,
and governmental fees and charges.
"Additional Interest" means the amount collected by application of the Additional Interest Rate.
"Additional Interest Rate" means the 0.50% additional interest rate charged on Assessments
pursuant to Section 372.018 of the PID Act.
"Administrator" means the City or independent firm designated by the City who shall have the
responsibilities provided in this Service and Assessment Plan, the Indenture, or any other
agreement or document approved by the City related to the duties and responsibilities of the
administration of the District. The initial Administrator is P3Works, LLC.
"Annual Collection Costs" mean the actual or budgeted costs and expenses related to the
creation and operation of the District and the construction of the Authorized Improvements,
including, but not limited to, costs and expenses for: (1)the Administrator; (2) City staff; (3) legal
counsel, engineers, accountants, financial advisors, and other consultants engaged by the City;
(4) calculating, collecting, and maintaining records with respect to Assessments and Annual
Installments; (5) preparing and maintaining records with respect to Assessment Rolls and Annual
Service Plan Updates; (6) paying and redeeming PID Bonds; (7) investing or depositing
Assessments and Annual Installments; (8) complying with this Service and Assessment Plan and
the PID Act with respect to the PID Bonds, including continuing disclosure requirements; and (9)
the paying agent/registrar and Bond Trustee in connection with PID Bonds, including their
respective legal counsel. Annual Collection Costs collected but not expended in any year shall be
carried forward and applied to reduce Annual Collection Costs for subsequent years.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
4
SERVICE AND ASSESSMENT PLAN
"Annual Installment" means the annual installment payment on the Assessment as calculated
by the Administrator and approved by the City Council, that includes: (1) principal; (2) interest;
(3)Annual Collection Costs; and (4)Additional Interest.
"Annual Service Plan Update" means an update to this Service and Assessment Plan prepared
no less frequently than annually by the Administrator and approved by the City Council.
"Assessed Property" means any Parcel within the District against which an Assessment is levied.
"Assessment" means an assessment levied against a Parcel within the District and imposed
pursuant to an Assessment Ordinance and the provisions herein, as shown on an Assessment
Roll, subject to reallocation upon the subdivision of such Parcel or reduction according to the
provisions herein and in the PID Act.
"Assessment Ordinance" means an ordinance adopted by the City Council in accordance with
the PID Act that levies an Assessment on Assessed Property within the District, as shown on any
Assessment Roll.
"Assessment Plan" means the methodology employed to assess the Actual Costs of the
Authorized Improvements against the Assessed Property within the District based on the special
benefits conferred on such property by the Authorized Improvements, more specifically
described in Section V.
"Assessment Roll" means any assessment roll for the Assessed Property within the District, as
updated, modified or amended from time to time in accordance with the procedures set forth
herein and in the PID Act, including any Annual Service Plan Update.
"Authorized Improvements" means improvements authorized by Section 372.003 of the PID Act,
including Public Improvements and District Formation and Bond Issuance Costs, as depicted on
Exhibit H and described in Section III.
"City" means the City of North Richland Hills, Texas.
"City Council" means the governing body of the City.
"Commercial Tracts" means approximately 4.7621 acres located within Improvement Zone A of
the District, which is more specifically described on Exhibit A-6 and depicted on Exhibit B-6.
"Commercial Tracts Assessed Property" means any and all Parcels within the Commercial Tracts
other than Non-Benefited Property.
"Commercial Tracts Initial Parcel" means all of the area within the Commercial Tracts which is
more specifically described on Exhibit A-6 and depicted on Exhibit B-6, consisting of
approximately 4.7621 acres.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
5
SERVICE AND ASSESSMENT PLAN
"Commercial Tracts Projects" means the pro rata portion of the Authorized Improvements and
Private Improvements allocable to the Commercial Tracts.
"County" means Tarrant County,Texas.
"Delinquent Collection Costs" mean costs related to the foreclosure on Assessed Property and
the costs of collection of delinquent Assessments, delinquent Annual Installments, or any other
delinquent amounts due under this Service and Assessment Plan including penalties and
reasonable attorney's fees actually paid, but excluding amounts representing an Assessment,
interest, and penalty interest.
"Developer" means MM City Point 53, LLC, and any successors or assigns thereof.
"Development Agreement" means that certain "City Point Development Agreement" between
the City and the Developer, effective October 25, 2019, and as the same may be amended from
time to time.
"District" means the City Point Public Improvement District containing approximately 52.873
acres located within the corporate limits of the City, and more specifically described in Exhibit A-
1 and depicted on Exhibit B-1.
"District Formation and Bond Issuance Costs" means the costs associated with forming the
District and issuing PID Bonds, including but not limited to attorney fees,financial advisory fees,
consultant fees, appraisal fees, printing costs, publication costs, City costs, capitalized interest,
reserve fund requirements, 1st year's Annual Collection Costs, underwriter's discount, fees
charged by the Texas Attorney General, and any other cost or expense directly associated with
the establishment of the District and/or the issuance of PID Bonds.
"Improvement Zone" means specifically defined and designated portions of the District,
including Improvement Zone A and Improvement Zone B.
"Improvement Zone A" means approximately 41.8758 acres located within the District, which is
more specifically described on Exhibit A-2 and depicted on Exhibit B-2,which includes the Single
Family Tracts and Commercial Tracts.
"Improvement Zone A Annual Installment" means the Annual Installment payment on the
Improvement Zone A Assessment as calculated by the Administrator and approved by the City
Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional
Interest.
"Improvement Zone A Assessed Property"means any Parcel within Improvement Zone A against
which an Improvement Zone A Assessment is levied.
"Improvement Zone A Assessment" means an Assessment levied against a Parcel within
Improvement Zone A and imposedpursuant to an Assessment Ordinance and the provisions
p p
CITY POINT PUBLIC IMPROVEMENT DISTRICT
6
SERVICE AND ASSESSMENT PLAN
herein, as shown on the Improvement Zone A Assessment Roll, subject to reallocation upon the
subdivision of such Parcel or reduction according to the provisions herein and in the PID Act.
"Improvement Zone A Assessment Ordinance" means an ordinance adopted by the City Council
in accordance with the PID Act that levies the Improvement Zone A Assessment on Improvement
Zone A Assessed Property within the District, as shown on the Improvement Zone A Assessment
Roll.
"Improvement Zone A Assessment Roll" means the Assessment Roll for the Improvement Zone
A Assessed Property within the District, as updated, modified or amended from time to time in
accordance with the procedures set forth herein and in the PID Act, including any Annual Service
Plan Updates. The Improvement Zone A Assessment Roll is included in this Service and
Assessment Plan as Exhibit F-1.
"Improvement Zone A Bonds" means those certain "City of North Richland Hills, Texas Special
Assessment Revenue Bonds, Series 2019 (City Point Public Improvement District Improvement
Zone A Project)"that are secured by Improvement Zone A Assessments.
"Improvement Zone B" means approximately 44.4443 acres located within the District, which is
more specifically described on Exhibit A-3 and depicted on Exhibit B-3,which includes the Single
Family Tracts and Multifamily Tracts.
"Improvement Zone B Annual Installment" means the Annual Installment payment on the
Improvement Zone B Assessment as calculated by the Administrator and approved by the City
Council, that includes: (1) principal; (2) interest; (3) Annual Collection Costs; and (4) Additional
Interest.
"Improvement Zone B Assessed Property"means any Parcel within Improvement Zone B against
which an Improvement Zone B Assessment is levied.
"Improvement Zone B Assessment" means an Assessment levied against a Parcel within
Improvement Zone B and imposed pursuant to an Assessment Ordinance and the provisions
herein, as shown on the Improvement Zone B Assessment Roll, subject to reallocation upon the
subdivision of such Parcel or reduction according to the provisions herein and in the PID Act.
"Improvement Zone B Assessment Ordinance" means an ordinance adopted by the City Council
in accordance with the PID Act that levies the Improvement Zone B Assessment on Improvement
Zone B Assessed Property within the District, as shown on the Improvement Zone B Assessment
Roll.
"Improvement Zone B Assessment Roll" means the Assessment Roll for the Improvement Zone
B Assessed Property within the District, as updated, modified or amended from time to time in
accordance with the procedures set forth herein and in the PID Act, including any Annual Service
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
Plan Updates. The Improvement Zone B Assessment Roll is included in this Service and
Assessment Plan as Exhibit F-2.
"Improvement Zone B Bonds" means those certain "City of North Richland Hills, Texas Special
Assessment Revenue Bonds, Series 2019 (City Point Public Improvement District Improvement
Zone B Project)"that are secured by Improvement Zone B Assessments.
"Indenture" means one or more Indenture of Trust entered into in connection with the issuance
of each series of PID Bonds, as amended from time to time, between the City and the Trustee
setting forth terms and conditions related to a series of PID Bonds.
"Lot" means for any portion of the District for which a final subdivision plat has been recorded in
the official public records of the County,a tract of land described by"lot"in such subdivision plat.
"Lot Type" means a classification of final building Lots with similar characteristics (e.g. lot size,
home product, buildout value, etc.), as determined by the Administrator and confirmed by the
City Council.
"Lot Type Commercial" means a Lot within Improvement Zone A designated as such on the
Improvement Zone A Assessment Roll,shown on a final plat approved by the City designated for
use as a commercial Lot.
"Lot Type MF" means a Lot within Improvement Zone B designated as such on the Improvement
Zone B Assessment Roll, shown on a final plat approved by the City designated for use as a
multifamily Lot.
"Lot Type SF1" means a Lot in the District designated as such on the Improvement Zone A
Assessment Roll and Improvement Zone B Assessment Roll, marketed to homebuilders as a
townhome, as defined in the Development Agreement.
"Lot Type SF2" means a Lot in the District designated as such on the Improvement Zone A
Assessment Roll and Improvement Zone B Assessment Roll, marketed to homebuilders as an
urban home, as defined in the Development Agreement.
"Lot Type SF3" means a Lot in the District designated as such on the Improvement Zone A
Assessment Roll and Improvement Zone B Assessment Roll, marketed to homebuilders as a
bungalow home, as defined in the Development Agreement.
"Maximum Assessment" means,for each Lot Type, an amount that will not exceed the amounts
shown as the Maximum Assessment by Lot Type on Exhibit J. In the event any final plat creates
a new Lot Type that differs from what is shown on Exhibit 1,this Service and Assessment Plan will
be updated to reflect the new Lot Type, and the Maximum Assessment for the new Lot Type
created by the final plat shall be an amount that is calculated by the Administrator and approved
by the City, based on the desire to maintain a competitive, composite equivalent ad valorem tax
rate taking into consideration the tax rates of all applicable taxing units and the equivalent tax
CITY POINT PUBLIC IMPROVEMENT DISTRICT $
SERVICE AND ASSESSMENT PLAN
rate of the Annual Installments. The Maximum Assessment shall only be calculated upon the
filing of a final plat with the County.
"Maximum TIRZ No. 3 Annual Credit Amount" is defined in Section V.F and shown on Exhibit K.
"Multifamily Tracts" means approximately 8.5332 acres located within Improvement Zone B of
the District, which is more specifically described on Exhibit A-5 and depicted on Exhibit B-5.
"Multifamily Tracts Assessed Property" means any and all Parcels within the Multifamily Tracts
other than Non-Benefited Property.
"Multifamily Tracts Initial Parcel" means all of the area within the Multifamily Tracts which is
more specifically described on Exhibit A-5 and depicted on Exhibit B-5, consisting of
approximately 8.5332 acres.
"Multifamily Tracts Projects" means the pro rata portion of the Authorized Improvements and
Private Improvements allocable to the Multifamily Tracts.
"Non-Benefitted Property" means Parcels within the boundaries of the District that accrue no
special benefit from the Authorized Improvements as determined by the City Council.
"Owner" means La Verne Butterfield, LP, and any successors or assigns thereof.
"Parcel" or"Parcels" means a specific property within the District identified by either a tax map
identification number assigned by the Tarrant Appraisal District for real property tax purpose, by
metes and bounds description, or by lot and block number in a final subdivision plat recorded in
the official public records of the County, or by any other means determined by the City.
"PID Act" means Chapter 372,Texas Local Government Code, as amended.
"PID Bonds" means any bonds issued by the City in one or more series and secured in whole or
in part by Assessments.
"Prepayment" means the payment of all or a portion of an Assessment before the due date
thereof. Amounts received at the time of a Prepayment which represent a payment of principal,
interest, or penalties on a delinquent Annual Installment of an Assessment are not to be
considered a Prepayment, but rather are to be treated as the payment of the regularly scheduled
Annual Installment.
"Prepayment Costs" means interest, including Additional Interest and Annual Collection Costs to
the date of Prepayment.
"Private Improvements"means improvements required to be constructed by the Developer that
are not Public Improvements.
• "Public Improvements" mean those Authorized Improvements specifically described in Section
III.A.and depicted on Exhibit H.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICEAND 9
ASSESSMENT PLAN
"Service and Assessment Plan" means this City Point Public Improvement District Service and
Assessment Plan as updated and amended from time to time.
"Service Plan" covers a period of at least five years and defines the annual indebtedness and
projected costs of the Authorized Improvements, more specifically described in Section IV.
"Single Family Tracts" means approximately 36.6702 acres located within Improvement Zone A
and Improvement Zone B of the District, which is more specifically described on Exhibit A-4 and
depicted on Exhibit B-4.
"Single Family Tracts Assessed Property" means any and all Parcels within the Single Family
Tracts other than Non-Benefited Property.
"Single Family Tracts Initial Parcel" means all of the area within the Single Family Tracts which is
more specifically described on Exhibit A-4 and depicted on Exhibit B-4, consisting of
approximately 36.6702 acres.
"Single Family Tracts Projects" means the pro rata portion of the Authorized Improvements and
Private Improvements allocable to the Single Family Tracts.
"TIRZ No.3" means the Reinvestment Zone Number Three, City of North Richland Hills,Texas.
"TIRZ No. 3 Fund" means the tax increment fund created pursuant to the TIRZ No. 3 Ordinance
where TIRZ No. 3 Revenues are deposited annually.
"TIRZ No. 3 Project Plan" means the Reinvestment Zone Number Three, City of North Richland
Hills, Texas Project and Financing Plan, dated October 28, 2019, as amended from time to time.
"TIRZ No. 3 Ordinance" means Ordinance No. 3619 adopted by the City Council approving the
TIRZ No. 3 Project Plan and authorizing the use of TIRZ No. 3 Revenues for project costs under
the Chapter 311, Texas Tax Code as amended, and related to certain public improvements as
provided for in the TIRZ No. 3 Project Plan.
"TIRZ No. 3 Revenues" mean, for each year, the amounts which are deposited in the TIRZ No. 3
Fund pursuant to the TIRZ No. 3 Ordinance and TIRZ No. 3 Project Plan.
"Trustee" means the trustee or successor trustee under an Indenture.n ure.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 10
SERVICE AND ASSESSMENT PLAN
SECTION II:THE DISTRICT
The District includes approximately 52.873 contiguous acres located within the corporate limits
of the City, as more particularly described by metes and bounds on Exhibit A-1 and depicted on
Exhibit B-1.Development of the District is anticipated to include approximately 364 single-family
homes in the Single Family Tracts, 400 multifamily units in the Multifamily Tracts, and 160,000
square feet of commercial space in the Commercial Tracts.
SECTION III: AUTHORIZED IMPROVEMENTS AND DISTRICT FORMATION AND
BOND ISSUANCE COSTS
The City Council, based on information provided by the Developer and its engineer and reviewed
by the City staff and by third-party consultants retained by the City, has determined that the
Authorized Improvements confer a special benefit on the Assessed Property. Authorized
Improvements will be designed and constructed in accordance with City standards and
specifications and will be owned and operated by the City. The budget for the Authorized
Improvements is shown on Exhibit C.
A. Authorized Improvements
All Authorized Improvements will be designed and constructed in accordance with City standards
and specifications and will be owned and operated by the City.
• Roads
Improvements including subgrade stabilization, concrete and reinforcing steel for
roadways, testing, handicapped ramps, and streetlights. All related earthwork,
excavation, erosion control, retaining walls, intersections, signage, lighting and re-
vegetation of all disturbed areas within the right-of-way are included. The street
improvements will provide street access to each Lot within the District.
• Water
Improvements including trench excavation and embedment, trench safety, PVC piping,
manholes, service connections, testing, related earthwork, excavation, and erosion
control all necessary appurtenances required to provide water service to all Lots within
the District.
• Sanitary Sewer
Improvements including trench excavation and embedment, trench safety, PVC piping,
ductile iron encasement, boring, manholes, service connections, testing, related
earthwork, excavation, and erosion control all necessary appurtenances required to
.r u
CITY POINT PUBLIC IMPROVEMENT DISTRICT
11
SERVICE AND ASSESSMENT PLAN
provide wastewater service to all Lots within the District.
• Storm Drain
Improvements including earthen channels, swales, curb and drop inlets, RCP piping and
boxes, headwalls, concrete flumes, rock rip rap, concrete outfalls, and testing as well as
all related earthwork, excavation, and erosion control necessary to provide storm
drainage for all Lots in the District.
• Landscaping, Entryway, Open Space, and Park Improvements
Improvements including installation of landscaping, including irrigation, in public open
spaces, entryway monuments and signs, establishment and improvement of parks and
open space.
• Soft Costs
Costs related to designing, constructing, and installing the Authorized Improvements
including engineering, construction staking, maintenance bond, district formation costs
and contingency; and, costs associated with financing the Authorized Improvements.
B. District Formation and Bond Issuance Costs
• Debt Service Reserve Fund
Equals the amount required under an applicable Indenture in connection with the
issuance of PID Bonds.
• Capitalized Interest
Equals the capitalized interest payments on PID Bonds as reflected in an applicable
Indenture.
• Underwriter's Discount
Equals a percentage of the par amount of a particular series of PID Bonds plus a fee for
underwriter's counsel.
• Cost of Issuance
Includes costs of issuing PID Bonds, including but not limited to attorney fees, financial
advisory fees, consultant fees, appraisal fees, printing costs, publication costs, City costs,
fees charged by the Texas Attorney General, additional proceeds, first year Annual
Collection Costs, and any other cost or expense directly associated with the issuance of
PID Bonds.
• Prefunding of Prepayment Reserve
Includes first year prepayment reserves, and costs and expenses directly associated with
CITY POINT PUBLIC IMPROVEMENT DISTRICT 12
SERVICE AND ASSESSMENT PLAN
forming the District.
SECTION IV: SERVICE PLAN
The PID Act requires the Service Plan to cover a period of at least five years. The Service Plan is
required to define the annual projected costs and indebtedness for the Authorized
Improvements undertaken within the District during the five-year period. The Service Plan must
be reviewed and updated in each Annual Service Plan Update. Exhibit D summarizes the Service
Plan for the District.
•
Exhibit E summarizes the sources and uses of funds required to construct the Authorized
Improvements. The sources and uses of funds shown on Exhibit E shall be updated in the Annual
Service Plan Update.
SECTION V: ASSESSMENT PLAN
The PID Act allows the City Council to apportion the costs of the Authorized Improvements to the
Assessed Property based on the special benefit received from the Authorized Improvements.The
PID Act provides that such costs may be apportioned: (1) equally per front foot or square foot;
(2) according to the value of property as determined by the City, with or without regard to
improvements constructed on the property;or(3) in any other manner approved by the City that
results in imposing equal shares of such costs on property similarly benefited. The PID Act further
provides that the governing body may establish by ordinance or order reasonable classifications
and formulas for the apportionment of the cost between the City and the area to be assessed
and the methods of assessing the special benefits for various classes of improvements.
This section of this Service and Assessment Plan described the special benefit received by each
Parcel within the District as a result of the Authorized Improvements and provides the basis and
justification for the determination that this special benefit exceeds the amount of the
Assessments to be levied on the Assessed Property for such Authorized Improvements.
The determination by the City Council of the assessment methodologies set forth below is the
result of the discretionary exercise by the City Council of its legislative authority and
governmental powers and is conclusive and binding on the Owner and all future Owners and
developers of the Assessed Property.
A. Assessment Methodology
The City Council,acting in its legislative capacity based on information provided by the Developer
and its engineer and reviewed by the City staff and by third-party consultants retained by the
CITY POINT PUBLIC IMPROVEMENT DISTRICT 13
SERVICE AND ASSESSMENT PLAN
City, has determined that the costs of the Authorized Improvements shall be allocated to the
Commercial Tracts, Multifamily Tracts, and Single Family Tracts pro rata based on the estimated
buildout value of each. Upon subdivision of an Assessed Property, the cost of the Authorized
Improvements shall be reallocated further as described in Section VI.
B. Assessments
Assessments will be levied on the Assessed Property according to the Improvement Zone A
Assessment Roll and Improvement Zone B Assessment Roll, attached hereto as Exhibit F-1 and
Exhibit F-2, respectively. The projected Improvement Zone A Annual Installments and
Improvement Zone B Annual Installments are shown on Exhibit G-1 and Exhibit G-2, respectively,
subject to revisions made during any Annual Service Plan Update. Upon division or subdivision of
any Parcel,the Assessments will be reallocated pursuant to Section VI.
The Maximum Assessment for each Lot Type is shown on Exhibit J. In no case will the Assessment
for Lot Type SF1, Lot Type SF2, Lot Type SF3, Lot Type MF, or Lot Type Commercial exceed the
corresponding Maximum Assessment. In the event that a subdivision of a Parcel causes the
Assessment on one or more Lots to exceed the Maximum Assessment, a mandatory prepayment
is required as described in Section VI.E.
C. Findings of Special Benefit
The City Council,acting in its legislative capacity based on information provided by the Developer
and its engineer and reviewed by the City staff and by third-party consultants retained by the
City, has found and determined:
1. Single Family Tracts
• The costs of the Single Family Tracts Projects plus the District Formation and Bond
Issuance Costs allocable to the Single Family Tracts equal$9,415,167 as shown on
Exhibit E-1; and
• The Single Family Tracts Assessed Property receives
ves special benefit from the Single
Family Tracts Projects equal to or greater than the Actual Cost of the Single Family
Tracts Projects; and
• The Single Family Tracts Assessed Property will be allocated 100% of the
Improvement Zone A Assessments and Improvement Zone B Assessments levied
for the Single Family Tracts Projects, which equals $6,700,000 as shown on the
Improvement Zone A Assessment Roll and Improvement Zone B Assessment Roll
attached hereto as Exhibit F-1 and Exhibit F-2, respectively;
• The special benefit ( $9,415,167) received by the Single Family Tracts Assessed
Property from the Single Family Tracts Projects is equal to or greater than the
CITY POINT PUBLIC IMPROVEMENT DISTRICT 14
SERVICE AND ASSESSMENT PLAN
amount of the Improvement Zone A Assessment ($795,000) and Improvement
Zone B Assessment ($5,905,000) (collectively, $6,700,000) levied on the Single
Family Tracts Assessed Property for the Single Family Tracts Projects; and
• At the time the City Council approved the Service and Assessment Plan,the Owner
owned 100% of the Single Family Tracts Assessed Property. The Owner
acknowledged that the Single Family Tracts Projects confer a special benefit on
the Single Family Tracts Assessed Property and consented to the imposition of the
Improvement Zone A Assessment and Improvement Zone B Assessment to pay for
the Actual Costs associated therewith. The Owner ratified, confirmed, accepted,
agreed to, and approved: (1) the determinations and findings by the City Council
as to the special benefits described herein and the Assessment Ordinance; (2) the
Service and Assessment Plan, Improvement Zone A Assessment Ordinance and
Improvement Zone B Assessment Ordinance, (3)the levying of the Improvement
Zone A Assessment on the Single Family Tracts Initial Parcel, and (4)the levying of
the Improvement Zone B Assessment on the Single Family Tracts Initial Parcel.
2. Multifamily Tracts
• The costs of the Multifamily Tracts Projects plus the District Formation and Bond
Issuance Costs allocable to the Multifamily Tracts equal $4,305,489 as shown on
Exhibit E-1; and
• The Multifamily Tracts Assessed Property receives special benefit from the
Multifamily Tracts Projects equal to or greater than the Actual Cost of the
Multifamily Tracts Projects; and
• The Multifamily Tracts Assessed Property will be allocated 100% of the
Assessment levied for the Multifamily Tracts Projects,which equals$3,060,000 as
shown on the Improvement Zone B Assessment Roll attached hereto as Exhibit F-
2;
• The special benefit ( $4,305,489) received by the Multifamily Tracts Assessed
Property from the Multifamily Tracts Projects is equal to or greater than the
amount of the Improvement Zone B Assessment ($3,060,000) levied on the
Multifamily Tracts Assessed Property for the Multifamily Tracts Projects; and
• At the time the City Council approved the Service and Assessment Plan,the Owner
owned 100% of the Multifamily Tracts Assessed Property. The Owner
acknowledged that the Multifamily Tracts Projects confer a special benefit on the
Multifamily Tracts Assessed Property and consented to the imposition of the
Assessment to pay for the Actual Costs associated therewith.The Owner ratified,
confirmed, accepted, agreed to, and approved: (1) the determinations and
p g pp
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 15
findings by the City Council as to the special benefits described herein and the
Improvement Zone B Assessment Ordinance; (2)the Service and Assessment Plan
and Improvement Zone B Assessment Ordinance, and (3) the levying of the
Improvement Zone B Assessment on the Multifamily Tracts Initial Parcel.
3. Commercial Tracts
• The costs of the Commercial Tracts Projects plus the District Formation and Bond
Issuance Costs allocable to the Commercial Tracts equal $2,537,402 as shown on
Exhibit E-1; and
• The Commercial Tracts Assessed Property receives special benefit from the
Commercial Tracts Projects equal to or greater than the Actual Cost of the
Commercial Tracts Projects; and
• The Commercial Tracts Assessed Property will be allocated 100% of the
Assessment levied for the Commercial Tracts Projects,which equals$1,820,000 as
shown on the Improvement Zone A Assessment Roll attached hereto as Exhibit F-
1;
• The special benefit ( $2,537,402) received by the Commercial Tracts Assessed
Property from the Commercial Tracts Projects is equal to or greater than the
amount of the Improvement Zone A Assessment ($1,820,000) levied on the
Commercial Tracts Assessed Property for the Commercial Tracts Projects; and
• At the time the City Council approved the Service and Assessment Plan,the Owner
owned 100% of the Commercial Tracts Assessed Property. The Owner
acknowledged that the Commercial Tracts Projects confer a special benefit on the
Commercial Tracts Assessed Property and consented to the imposition of the
Improvement Zone A Assessment to pay for the Actual Costs associated therewith.
The Owner ratified, confirmed, accepted, agreed to, and approved: (1) the
determinations and findings by the City Council as to the special benefits
described herein and the Improvement Zone A Assessment Ordinance; (2) the
Service and Assessment Plan and Improvement Zone A Assessment Ordinance,
and (3) the levying of the Improvement Zone A Assessment on the Commercial
Tracts Initial Parcel.
D. Annual Collection Costs
The Annual Collection Costs shall be paid for annually by each Parcel pro rata based on the ratio
of the amount of outstanding Assessment remaining on the Parcel to the total outstanding
Assessment. The Annual Collection Costs shall be collected as part of and in the same manner as
Annual Installments in the amounts shown on the Improvement Zone A Assessment Roll and
CITY POINT PUBLIC IMPROVEMENT DISTRICT
16
SERVICE AND ASSESSMENT PLAN
Improvement Zone B Assessment Roll, which may be revised based on actual costs incurred in
Annual Service Plan Updates.
E. Additional Interest
The interest rate on Assessments levied on the Assessed Property may exceed the interest rate
on the PID Bonds by the Additional Interest Rate.Additional Interest shall be collected as part of
each Annual Installment and shall be deposited pursuant to the Indenture.
F. Maximum TIRZ No. 3 Annual Credit Amount
The City Council, in accordance with the TIRZ No. 3 Project Plan, has agreed to use a portion of
TIRZ No. 3 Revenues generated (the"Maximum TIRZ No. 3 Annual Credit Amount")to reduce the
Improvement Zone A Annual Installment for all Improvement Zone A Assessed Property based
on the desire of the City Council to maintain a competitive, composite equivalent ad valorem tax
rate taking into consideration the tax rates of all applicable taxing units and the equivalent tax
rate of the Annual Installments based on assumed buildout values, but in no event shall the
Maximum TIRZ No.3 Annual Credit Amount exceed the Improvement Zone A Annual Installment.
The Maximum TIRZ No. 3 Annual Credit Amount shall not be used to reduce the Improvement
Zone B Annual Installment.
1. The Improvement Zone A Annual Installment for Improvement Zone A Assessed Property
shall receive a Maximum TIRZ No. 3 Annual Credit Amount equal to the TIRZ No. 3 Revenue
generated by the Assessed Property, on a Lot-by-Lot basis for the previous Tax Year(i.e.TIRZ
No. 3 Revenue collected from the Assessed Property for Tax Year 2020 shall be available for
the Maximum TIRZ No. 3 Annual Credit Amount applicable to the Improvement Zone A
Assessed Property's Improvement Zone A Annual Installment on a Lot-by-Lot basis to be
collected in Tax Year 2021), but in no event shall the Maximum TIRZ No. 3 Annual Credit
Amount exceed the amounts shown in Section V.F.2 as calculated on Exhibit K for each
Improvement Zone A Assessed Property.
2. The Maximum TIRZ No. 3 Annual Credit Amount available to reduce the Improvement Zone
A Annual Installment for Improvement Zone A Assessed Property is calculated for each Lot
Type, as shown on Exhibit K.The Maximum TIRZ No.3 Annual Credit Amount is calculated so
that the average Improvement Zone A Annual Installment, minus the Maximum TIRZ No. 3
Annual Credit Amount for each Lot Type, does not produce an equivalent tax rate which
exceeds the competitive, composite equivalent ad valorem tax rate of the Annual
Installments based on assumed buildout values at the time the Improvement Zone A
Assessment Ordinance is approved.The resulting Maximum TIRZ No. 3 Annual Credit Amount
for each Lot Type is shown below:
CITY POINT PUBLIC IMPROVEMENT DISTRICT
17
SERVICE AND ASSESSMENT PLAN
Lot Type SF1: $195.44 (per unit)
ii. Lot Type SF2: $205.55 (per unit)
iii. Lot Type SF3: $219.03 (per unit)
iv. Lot Type Commercial: $35,313.80 (per acre)
3. After the Maximum TIRZ No. 3 Annual Credit Amount is applied to provide a credit towards a
portion of the Improvement Zone A Annual Installments on a Lot-by-Lot basis for the
Improvement Zone A Assessed Property, any excess TIRZ No. 3 Revenues available from the
TIRZ No. 3 Fund shall be transferred from the TIRZ No. 3 Fund to the City, and shall not be
available to offset the applicable Annual Installment related to such Lot.
SECTION VI: TERMS OF THE ASSESSMENTS
A. Reallocation of Assessments for the Single Family Tracts
1. Upon Division Prior to Recording of Subdivision Plat
Upon the division of any Single Family Assessed Property (without the recording of
subdivision plat), the Administrator shall reallocate the Assessment for the Single Family
Assessed Property prior to the division among the newly divided Single Family Assessed
Properties according to the following formula:
A= Bx(C:D)
Where the terms have the following meanings:
A=the Assessment for the newly divided Single Family Assessed Property
•
B=the Assessment for the Single Family Assessed Property prior to division
C = the estimated buildout value of the newly divided Single Family Assessed
Property
D = the sum of the estimated buildout value for all of the newly divided Single
Family Assessed Properties
The calculation of the buildout value of a Single Family Assessed Property shall be
performed by the Administrator based on information from the Owner, homebuilders,
market studies, appraisals, official public records of the County, and any other relevant
information regarding the Single Family Assessed Property. The calculation as confirmed
by the City Council shall be conclusive.
The sum of the Assessments for all newly divided Single Family Assessed Properties shall
equal the Assessment for the Single Family Assessed Property prior to subdivision. The
CITY POINT PUBLIC IMPROVEMENT DISTRICT
18
SERVICE AND ASSESSMENT PLAN
calculation shall be made separately for each newly divided Single Family Assessed
Property. The reallocation of an Assessment for a Single Family Assessed Property may
not exceed the Maximum Assessment by Lot Type prior to the reallocation. Any
reallocation pursuant to this section shall be reflected in the next Annual Service Plan
Update and approved by the City Council.
2. Upon Subdivision by a Recorded Subdivision Plat
Upon the subdivision of any Single Family Assessed Property based on a recorded
subdivision plat, the Administrator shall reallocate the Assessment for the Single Family
Assessed Property prior to the subdivision among the new subdivided Lots based on
buildout value according to the following formula:
A= [Bx(C: D)]/E
Where the terms have the following meanings:
A=the Assessment for the newly subdivided Lot
B=the Assessment for the Parcel prior to subdivision
C=the sum of the estimated average buildout value of all newly subdivided Lots
with same Lot Type
D=the sum of the estimated average buildout value for all of the newly subdivided
Lots excluding Non-Benefitted Property
E=the number of newly subdivided Lots with same Lot Type
Prior to the recording of a subdivision plat, the Developer shall provide the City an
estimated buildout value as of the date of the recorded subdivision plat for each Lot
created by the recorded subdivision plat considering factors such as density, lot size,
proximity to amenities, view premiums, location, market conditions, historical sales,
discussions with homebuilders, and any other factors that may impact value. The
calculation of the estimated average buildout value for a Lot shall be performed by the
Administrator and confirmed by the City Council based on information provided by the
Developer, homebuilders,third party consultants,and/or the official public records of the
County regarding the Lot.
The sum of the Assessments for all newly subdivided Lots shall not exceed the Assessment
for the portion of the Single Family Assessed Property subdivided prior to subdivision.The
calculation shall be made separately for each newly subdivided Single Family Assessed
Property. The reallocation of an Assessment for a Single Family Assessed Property may
not exceed the Maximum Assessment by Lot Type prior to the reallocation. Any
reallocation pursuant to this section shall be reflected in the next Annual Service Plan
Update and approved by the City Council.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 19
SERVICE AND ASSESSMENT PLAN
B. Reallocation of Assessments for the Commercial Tracts and Multifamily
Tracts
The sum of the Assessments for all newly subdivided Assessed Properties shall equal the
Assessment for the subdivided Assessed Property in the Commercial Tracts or Multifamily Tracts
prior to subdivision. The Assessment for the Commercial Tract is levied 100% against the
Commercial Tract Initial Parcel, as shown on the Improvement Zone A Assessment Roll, attached
hereto as Exhibit F-1. The Assessment for the Multifamily Tracts is levied 100% against the
Multifamily Tracts Initial Parcel,as shown on the Improvement Zone B Assessment Roll,attached
hereto as Exhibit F-2. When the Commercial Tracts Initial Parcel or Multifamily Tracts Initial
Parcel is subsequently platted, subdivided, re-subdivided or re-platted, the Assessment
applicable to each resulting new Assessed Property in the Commercial Tracts or Multifamily
Tracts shall be equal to formula below.
A= Bx(C: D)
Where the terms have the following meanings:
A=the Assessment for the newly subdivided Assessed Property
B=the Assessment for the Assessed Property prior to subdivision
C=the estimated acreage of the newly divided Assessed Property
D=the sum of the estimated acreage for all of the newly divided Assessed
Properties, excluding Non-Benefitted Property
In order to prevent over or under-burdening due to density changes, the reallocation of an
Assessment for an Assessed Property in the Commercial Tracts or Multifamily Tracts may not
exceed the Maximum Assessment for Lot Type Commercial or Lot Type Multifamily, as measured
by acreage,and compliance may require a mandatory Prepayment pursuant to Section VI.E. Any
reallocation pursuant to this section shall be calculated by the Administrator and reflected in an
Annual Service Plan Update approved by the City. The reallocation of any Assessments as
described herein shall be considered an administrative
Iv action and will not require any notice or
public hearing, as defined in the PID Act, by the City.
C. Consolidation of Assessments
If two or more Lots or Parcels are consolidated,the Administrator shall allocate the Assessments
against the Lots or Parcels before the consolidation to the consolidated Lot or Parcel subject to
the Maximum Assessments defined herein,which allocation shall be reflected in the next Annual
Service Plan Update and approved by the City Council.
D. Mandatory Prepayment of Assessments
CITY POINT PUBLIC IMPROVEMENT DISTRICT
20
SERVICE AND ASSESSMENT PLAN
If an Assessed Property is transferred to a person or entity that is exempt from payment of the
Assessment, the Owner transferring the Assessed Property shall pay to the City the full amount
of the Assessment, plus Prepayment Costs and Delinquent Collection Costs prior to the transfer.
If the Owner of an Assessed Property causes the Assessed Property to become Non-Benefited
Property, the Owner causing the change in status shall pay the full amount of the Assessment,
plus Prepayment Costs and Delinquent Collection Costs, prior to the change in status.
E. True-Up of Assessments if Maximum Assessment Exceeded at Plat
Prior to the City approving a final subdivision plat, the Administrator will certify that such plat
will not result in the Assessment per Lot for any Lot Type to exceed the Maximum Assessment. If
the Administrator determines that the resulting Assessment per Lot for any Lot Type will exceed
the Maximum Assessment for that Lot Type,then (1)the Assessment applicable to each Lot Type
shall each be reduced to the Maximum Assessment, and (2) the person or entity filing the plat
shall pay to the City the amount the Assessment was reduced, plus Prepayment Costs and
Delinquent Collection Costs, if any,prior to the City approving the final plat. For a final subdivision
plat in the Single Family Tracts, the Assessment shall be reduced pro rata between the
Improvement Zone A Assessment and the Improvement Zone B Assessment based on the then
outstanding Assessment on such Single Family Tracts Assessed Property.The City's approval of a
plat without payment of such amounts does not eliminate the obligation of the person or entity
filing the plat to pay such amounts.
F. Reduction of Assessments
If as a result of cost savings or an Authorized Improvement not being constructed, the Actual
Costs of completed Authorized Improvements are less than the Assessments, the Assessments
shall be reduced on a pro-rata basis such that the sum of the resulting reduced Assessments for
all Assessed Properties equals the reduced Actual Costs. For Assessments levied
p q on the Single
Family Tracts Assessed Property, the Assessments shall be reduced pro rata between the
Improvement Zone A Assessment and the Improvement Zone B Assessment based on the then
outstanding Assessment on such Single Family Tracts Assessed Property, and the Maximum TIRZ
No. 3 Annual Credit Amount shall be reduced accordingly. Excess PID Bond proceeds shall be
applied to redeem outstanding PID Bonds related to such proceeds. The Assessments shall not,
however, be reduced to an amount less than the outstanding PID Bonds.
The Administrator shall update (and submit to the City Council for review and approval as part of
the next Annual Service Plan Update) the Assessment Rolls and corresponding Annual
Installments to reflect the reduced Assessments.
G. Prepayment of Assessments
CITY POINT PUBLIC IMPROVEMENT DISTRICT 21
SERVICE AND ASSESSMENT PLAN
The Owner of the Assessed Property may pay, at any time, all or any part of an Assessment in
accordance with the PID Act. Prepayment Costs, if any, may be paid from a reserve established
under the applicable Indenture. If an Annual Installment has been billed prior to the Prepayment,
the Annual Installment shall be due and payable and shall be credited against the Prepayment.
If an Assessment is paid in full, with Prepayment Costs, (1) the Administrator shall cause the
Assessment to be reduced to zero and the Assessment Roll to be revised accordingly; (2) the
Administrator shall prepare the revised Assessment Roll and submit to the City Council for review
and approval as part of the next Annual Service Plan Update; (3) the obligation to pay the
Assessment and corresponding Annual Installments shall terminate;and (4)the City shall provide
the Owner with a recordable"Notice of PID Assessment Termination,"a form of which is attached
hereto as Exhibit L.
If an Assessment is paid in part, with Prepayment Costs: (1) the Administrator shall cause the
Assessment to be reduced and the Assessment Roll revised accordingly; (2) the Administrator
shall prepare the revised Assessment Roll and submit to the City Council for review and approval
as part of the next Annual Service Plan Update; and (3)the obligation to pay the Assessment and
corresponding Annual Installments and/or term shall be reduced to the extent of the Prepayment
made.
H. Payment of Assessment in Annual Installments
Assessments that are not paid in full shall be due and payable in Annual Installments. Exhibit G-
1 and Exhibit G-2 show the estimated Annual Installments for Improvement Zone A and
Improvement Zone B, respectively.Annual Installments are subject to adjustment in each Annual
Service Plan Update.
If any Parcel shown on an Assessment Roll is assigned multiple tax identification numbers for
billing and collection purposes, the Annual Installment shall be allocated pro rata based on the
acreage of the property as shown by Tarrant Appraisal District for each tax identification number.
The Administrator shall prepare and submit to the City Council for its review and approval an
Annual Service Plan Update to allow for the billing and collection of Annual Installments. Each
Annual Service Plan Update shall include updated Assessment Rolls and updated calculations of
Annual Installments. The Annual Collection Costs for a given Assessment shall be paid for by each
Parcel pro rata based on the ratio of the amount of outstanding Assessment remaining on the
Parcel to the total outstanding Assessment. Improvement Zone A Annual Installments shall be
reduced by any credits applied under an applicable Indenture, such as capitalized interest,
interest earnings on account balances, the Maximum TIRZ No. 3 Annual Credit Amount, and any
other funds available to the Trustee for such purposes. Improvement Zone B Annual Installments
shall be reduced by any credits applied under an applicable Indenture, such as capitalized
. xr
CITY POINT PUBLIC IMPROVEMENT DISTRICT 22
SERVICE AND ASSESSMENT PLAN
interest, interest earnings on account balances, and any other funds available to the Trustee for
such purposes. Annual Installments shall be collected by the City in the same manner and at the
same time as ad valorem taxes. Annual Installments shall be subject to the penalties, procedures,
and foreclosure sale in case of delinquencies as set forth in the PID Act and in the same manner
as ad valorem taxes for the City. The City Council may provide for other means of collecting
Annual Installments. Assessments shall have the lien priority specified in the PID Act.
Sales of the Assessed Property for nonpayment of Annual Installments shall be subject to the lien
for the remaining unpaid Annual Installments against the Assessed Property, and the Assessed
Property may again be sold at a judicial foreclosure sale if the purchaser fails to timely pay the
non-delinquent Annual Installments as they become due and payable.
The City reserves the right to refund PID Bonds in accordance with the PID Act and the Indenture.
In the event of a refunding, the Administrator shall recalculate the Annual Installments and the
Maximum TIRZ No. 3 Annual Credit Amount so that total Annual Installments will be sufficient to
pay the refunding bonds, and the refunding bonds shall constitute "PID Bonds."
Each Annual Installment of an Assessment, including interest on the unpaid principal of the
Assessment, shall be updated annually. Each Annual Installment shall be due when billed and
shall be delinquent if not paid prior to February 1 of the following year. The initial Annual
Installments relating to the PID Bonds shall be due when billed and shall be delinquent if not paid
prior to February 1, 2021.
I. Prepayment as a Result of an Eminent Domain Proceeding or Taking
If any portion of any Parcel of Assessed Property is taken from an owner as a result of eminent
domain proceedings or if a transfer of any portion of any Parcel of Assessed Property is made to
an entity with the authority to condemn all or a portion of the Assessed Property in lieu of or as
a part of an eminent domain proceeding (a "Taking"), the portion of the Assessed Property that
was taken'ortransferred (the "Taken Property")shall be reclassified as Non-Benefitted Property.
For the Assessed Property that is subject to the Taking as described in the preceding paragraph,
the Assessment that was levied against the Assessed Property(when it was included in the Taken
Property) prior to the Taking shall remain in force against the remaining Assessed Property (the
Assessed Property less the Taken Property) (the "Remaining Property") following the
reclassification of the Taken Property as Non-Benefitted Property. The Owner will remain liable
to pay in Annual Installments, or as otherwise provided by this Service and Assessment Plan, as
updated, or the Act, the Assessment that remains due on the Remaining Property.
Notwithstanding the foregoing, if the Assessment that remains due on the Remaining Property
exceeds the Maximum Assessment, the owner will be required to make a Prepayment in an
CITY POINT PUBLIC IMPROVEMENT DISTRICT
23
SERVICE AND ASSESSMENT PLAN
amount necessary to ensure that the Assessment against the Remaining Property does not
exceed the Maximum Assessment.
Following the initiation of the Taking, the Administrator will be required, as part of the next
Annual Service Plan Update,to determine the portion of the Assessment that was levied against
the Assessed Property that would have been allocated to the Taken Property prior to its
reclassification as Non-Benefitted Property based on a manner that results in imposing equal
shares of the costs of the applicable Authorized Improvements on property similarly benefitted.
Within 30 days of the receipt by the owner of the funds received from the entity taking the Taken
Property,the owner shall make a Prepayment of the Assessment in an amount equal to the lesser
of(i) the amount the owner received as a result of the Taking or (ii) the amount determined by
the Administrator in the above paragraph; provided, however, that in all instances the
Assessment remaining on the Remaining Property shall not exceed the Maximum Assessment.
By way of illustration, if an owner owns 100 acres of Assessed Property subject to a $100
Assessment and 10 acres is taken through a Taking, the 10 acres of Taken Property shall be
reclassified as Non-Benefitted Property and the remaining 90 acres of Remaining Property shall
be subject to the $100 Assessment, (provided that this $100 Assessment does not exceed the
Maximum Assessment on the Remaining Property). If the Administrator determines that the
portion of the $100 Assessment that would have been allocated to the Taken Property prior to
its reallocation is $10 and the owner receives $8 as compensation for the Taken Property p P Y as a
result of the Taking, the Owner shall be required to pay$8 as a Prepayment of the Assessment
against the Remaining Property (in addition to any other amount that would be required to
ensure the Assessment does not exceed the Maximum Assessment). Alternatively, in the above
scenario, if the owner receives $20 in compensation for the Taken Property, the owner shall be
required to pay$10 as a Prepayment of the Assessment.
Notwithstanding the previous two paragraphs, if the owner notifies the City and the
Administrator that the Taking prevents the Remaining Property from being developed as shown
on a final plat, the owner shall, upon receipt of the compensation for the Taken Property, be
required to prepay the total amount of the Assessment levied against the Taken Property and,
and the amount of the Assessment required to buy down the outstanding Assessment to the
Maximum Assessment on the Remaining Property.The owner will remain liable to pay the Annual
Installments on both the Taken Property and the Remaining Property until such time that such
Assessment has been prepaid in full.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
24
SERVICE AND ASSESSMENT PLAN
SECTION VII: ASSESSMENT ROLL
The Improvement Zone A Assessment Roll is attached as Exhibit F-1. The Administrator shall
prepare and submit to the City Council for review and approval proposed revisions to the
Improvement Zone A Assessment Roll and Improvement Zone A Annual Installments for each
Parcel as part of each Annual Service Plan Update.
The Improvement Zone B Assessment Roll is attached as Exhibit F-2. The Administrator shall
prepare and submit to the City Council for review and approval proposed revisions to the
Improvement Zone B Assessment Roll and Improvement Zone B Annual Installments for each
Parcel as part of each Annual Service Plan Update.
SECTION VIII: ADDITIONAL PROVISIONS
A. Calculation Errors
If the Owner of a Parcel claims that an error has been made in any calculation required by this
Service and Assessment Plan, including, but not limited to, any calculation made as part of any
Annual Service Plan Update, the Owner's sole and exclusive remedy shall be to submit a written
notice of error to the Administrator by December 1st of each year following City Council approval
of the calculation; otherwise,the Owner shall be deemed to have unconditionally approved and
accepted the calculation. Upon receipt of a written notice of error from an Owner the
Administrator shall provide a written response to the City Council and the Owner within 30 days
of such referral. The City Council shall consider the Owner's notice of error and the
Administrator's response at a public meeting, and within 30 days after closing such meeting, the
City Council shall make a final determination as to whether an error has been made. If the City
Council determines that an error has been made,the City Council shall take such corrective action
as is authorized by the PID Act,this Service and Assessment Plan,the Assessment Ordinance,the
Indenture, or is otherwise authorized by the discretionary power of the City Council. The
determination bythe CityCouncil as to whether
an error has been made, and any corrective
action taken by the City Council, shall be final and binding on the Owner and the Administrator.
B. Amendments
Amendments to this Service and Assessment Plan must be made by the City Council in
accordance with the PID Act. To the extent permitted by the PID Act,this Service and Assessment
Plan may be amended without notice to Owners of the Assessed Property: (1)to correct mistakes
and clerical errors; (2) to clarify ambiguities; and (3) to provide procedures to collect
Assessments, Annual Installments, and other charges imposed by this Service and Assessment
Plan.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
25
SERVICE AND ASSESSMENT PLAN
C. Administration and Interpretation
The Administrator shall: (1) perform the obligations of the Administrator as set forth in this
Service and Assessment Plan; (2) administer the District for and on behalf of and at the direction
of the City Council; and (3) interpret the provisions of this Service and Assessment Plan.
Interpretations of this Service and Assessment Plan by the Administrator shall be in writing and
shall be appealable to the City Council by Owners adversely affected by the interpretation.
Appeals shall be decided by the City Council after holding a public meeting at which all interested
parties have an opportunity to be heard. Decisions by the City Council shall be final and binding
on the Owners and their successors and assigns.
D. Severability
If any provision of this Service and Assessment Plan is determined by a governmental agency or
court to be unenforceable, the unenforceable provision shall be deleted and, to the maximum
extent possible, shall be rewritten to be enforceable. Every effort shall be made to enforce the
remaining provisions.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
26
SERVICE AND ASSESSMENT PLAN
EXHIBITS
The following Exhibits are attached to and made a part of this Service and Assessment Plan for
all purposes:
Exhibit A-1 District Legal Description
Exhibit A-2 Improvement Zone A Legal Description
Exhibit A-3 Improvement Zone B Legal Description
Exhibit A-4 Single Family Tracts Legal Description
Exbibit A-5 Multifamily Tracts Legal Description
Exhibit A-6 Commercial Tracts Legal Description
Exhibit B-1 Map of the District
Exhibit B-2 Map of Improvement Zone A
Exhibit B-3 Map of Improvement Zone B
Exhibit B-4 Map of Single Family Tracts
Exhibit B-5 Map of Multifamily Tracts
Exhibit B-6 Map of Commercial Tracts
Exhibit C Authorized Improvements
Exhibit D Service Plan
Exhibit E-1 Sources and Uses of Funds by Tract
Exhibit E-2 Sources and Uses of Funds by Improvement Zone
Exhibit F-1 Improvement Zone A Assessment Roll
Exhibit F-2 Improvement Zone B Assessment Roll
Exhibit G-1 Improvement Zone A Annual Installments
Exhibit G-2 Improvement Zone B Annual Installments
Exhibit G-3 Single Family Tracts Annual Installments
Exhibit G-4 Lot Type SF1 Annual Installments per Unit
Exhibit G-5 Lot Type SF2 Annual Installments per Unit
Exhibit G-6 Lot Type SF3 Annual Installments per Unit
Exhibit G-7 Multifamily Tracts Annual Installments
Exhibit G-8 Lot Type MF Annual Installments per Acre
Exhibit G-9 Commercial Tracts Annual Installments
Exhibit G-10 Lot Type Commercial Annual Installments per Acre
Exhibit H Maps of Authorized Improvements
Exhibit I Concept Plan
Exhibit J Maximum Assessment by Lot Type
Exhibit K Maximum TIRZ No. 3 Annual Credit Amount by Lot Type for Improvement
Zone A
Exhibit L Form of Notice of PID Assessment Termination
CITY POINT PUBLIC IMPROVEMENT DISTRICT 27
SERVICE AND ASSESSMENT PLAN
EXHIBIT A-1- DISTRICT LEGAL DESCRIPTION
TRACT 1
BEING all of Lot 1, Block 3, CITY POINT ADDITION, an addition to the City of North Richland Hills,Tarrant County,
Texas,according to the plat recorded in County Clerk's File No.D214125258,of the Official Public Records of Tarrant
County,Texas.
TRACT 2
BEING 16.881 acres of land situated in the WILLIAM W.WALLACE SURVEY,Abstract No. 1606, North Richland Hills,
Tarrant County,Texas,and being a portion of Lot 1, Block 2,CITY POINT ADDITION, an addition to the City of North
Richland Hills,Tarrant County,Texas, according to the plat recorded in County Clerk's File No. D214125258,of the
Official Public Records of Tarrant County,Texas, and being a portion of the tracts of land identified as Tract I, and
Parcels ONE and TWO, in the deed to La Verne Butterfield, L.P.,recorded in County Clerk's File No. D213022633,of
the Official Public Records of Tarrant County,Texas, and also being a portion of the tract of land conveyed to La
Verne Butterfield,L.P.,by the deed recorded in County Clerk's File No.D214005869,of the Official Public Records of
Tarrant County,Texas.Said 16.881 acres of land being more particularly described by metes and bounds as follows:
BEGINNING at a concrete Texas Electric Service Company monument found at the most Westerly Northwest corner
of said Lot 1,Block 2,said point being the Northeast corner of Lot 16, Block 1, Edgley Addition,to the City of North
Richland Hills,Tarrant County,Texas,according to the plat recorded in Volume 388-140,Page 11,of the Plat Records
of Tarrant County,Texas, and said POINT OF BEGINNING lying in the Southeast right-of-way line of State Highway
No.26(a variable width public right-of-way);
THENCE along the Northwest boundary line of said Lot 1, Block 2,and the Southeast right-of-way line of said State
Highway No.26,as follows:
1. N 47°39'42"E 413.12 feet,to a%"iron rod marked"Brittain&Crawford"set at the beginning
of a curve to the right;
2. NORTHEASTERLY 33.48 feet, along said curve to the right, having a radius of 250.00 feet, a
central angle of 07°40'29",and a chord bearing N 51°29'56"E 33.46 feet,to a%z"iron rod marked
"Brittain&Crawford"set at the end of said curve;
THENCE along the North boundary line of said Lot 1, Block 2,and the South boundary lines of Lot 1, Block
E,Calloway Farm Addition,to the City of North Richland Hills,Tarrant County,Texas,according to the plat
recorded in Cabinet "A", Slide 21590, of the Plat Records of Tarrant County, Texas, and Lot 2, Block 2,
Calloway Farm Addition, to the City of North Richland Hills, Tarrant County, Texas, according to the plat
recorded in County Clerk's File No. D214125258,of the Official Public Records of Tarrant County,Texas,as
follows:
1.S 42°51'35"E 41.46 feet,to an"X" cut in concrete set at the most Westerly Southwest corner
of said Lot 1,Block E,and said point lying in the curve to the right;
2. NORTHEASTERLY 11.22 feet, along said curve to the right, having a radius of 200.50 feet, a
central angle of 03°12'25",and a chord bearing N 74°41'28"E 11.22 feet,to an"X"cut in concrete
set at the end of said curve;
3. N 76°15'24"E 261.04 feet,to an"X"cut in concrete set at the beginning of a curve to the left;
1.NORTHEASTERLY 99.70 feet,along said curve to the left,having a radius of 199.50 feet,a central
angle of 28°37' 59", and a chord bearing N 61°57' 18" E 98.66 feet,to an"X" cut in concrete set
at the end of said curve;
2.N 48°20'24"E 53.72 feet,to a"MAG" nail set at the beginning of a curve to the left;
3. NORTHEASTERLY 8.23 feet,along said curve to the left, having a radius of 20.00 feet,a central
angle of 23°34'41",and a chord bearing N 35°48'53"E 8.17 feet,to an"X"cut in concrete set at
CITY POINT PUBLIC IMPROVEMENT DISTRICT
28
SERVICE AND ASSESSMENT PLAN
the North corner of said Lot 1, Block 2, and said point lying in the Southwest right-of-way line of
City Point Drive(a 110 foot wide public right-of-way);
THENCE along the Northeast boundary line of said Lot 1, Block 2, and the Southwest right-of-way line of
said City Point Drive,as follows:
1.S 42°23'46"E 573.15 feet,to an"X"cut in concrete found;
2. S 06° 53' 30" E 105.89 feet, to a 'A" iron rod marked "TOPOGRAPHIC" found lying at the
intersection of the Southwest right-of-way line of said City Point Drive with the West right-of-way
line of City Point West(a 40 foot wide public right-of-way);
THENCE continuing along the Northeast boundary line of said Lot 1, Block 2,and the West right-of-way line
of City Point West,as follows:
1.S 12°35'44"W 47.65 feet,to an"X"cut in concrete set at the beginning of a curve to the left;
2.SOUTHEASTERLY 125.38 feet,along said curve to the left,having a radius of 271.00 feet,a central
angle of 26°30'30",and a chord bearing S 00°39'31" E 124.27 feet,to a point lying at the end of
said curve;
3.S 13°54'47"E 36.64 feet,to an"X"cut in concrete set at the beginning of a curve to the right;
4.SOUTHEASTERLY 29.57 feet,along said curve to the right,having a radius of 281.00 feet,a central
angle of 06°01'47",and a chord bearing S 10°53' 53" E 29.56 feet,to an "X"cut in concrete set
at the Northeast corner of a proposed 10.00 acres tract of land;
THENCE severing said Lot 1, Block 2,as follows:
1.S 89°37'12"W 628.11 feet,to a%"iron rod marked"Brittain&Crawford"set;
2.S 00° 27'51" E 246.59 feet,to•a 16" iron rod found at the Northeast corner of Ruth Road (a 50
foot wide public right-of-way);
THENCE S 89° 35'09"W 49.95 feet, along the North right-of-way line of said Ruth Road,to a'A" iron rod
found at the Northwest corner of said Ruth Road;
THENCE again severing said Lot 1, Block 2,as follows:
1. N 00°27'51"W 122.78 feet,to a'A"iron rod marked`Brittain&Crawford"set;
2. S 89° 35' 50" W 480.59 feet, to a 'A" iron rod marked "Brittain & Crawford" set in the West
boundary line of said Lot 1, Block 2, and the East boundary line of a tract of land conveyed to
ONCOR Electric Delivery Company, LLC, by the deed recorded in Volume 1947, Page 169, of the
Deed Records of Tarrant County,Texas;
THENCE N 00° 22' 36" W 473.10 feet, along the West boundary line of said Lot 1, Block 2, and the East
boundary line of said ONCOR Electric Delivery Company Tract and the aforesaid Lot 16, Block 1, Edgley
Addition,to the POINT OF BEGINNING containing 16.881 acres(735,331 square feet)of land.
TRACT 3
BEING all of Lot 2, Block 1, CITY POINT ADDITION, an addition to the City of North Richland Hills,Tarrant County,
Texas,according to the plat recorded in County Clerk's File No.D214125258,of the Official Public Records of Tarrant
County,Texas.
TRACT 4
BEING 0.759 acre of land situated in the WILLIAM W. WALLACE SURVEY, Abstract No. 1606, North Richland Hills,
Tarrant County, Texas, and being a portion of the tract of land identified as Tract VII, in the deed to La Verne
Butterfield,L.P.,by the deed recorded in County Clerk's File No.D205028589,of the Official Public Records of Tarrant
County,Texas.Said 0.759 acre of land being more particularly described by metes and bounds as follows:
CITY POINT PUBLIC IMPROVEMENT DISTRICT 29
SERVICE AND ASSESSMENT PLAN
BEGINNING at a 5/8" iron rod found at the Southwest corner of said La Verne Butterfield Tract, and the Northwest
corner of Lot 9,Block A,Calloway Farm Addition,to the City of North Richland Hills,Tarrant County,Texas,according
to the plat recorded in Cabinet"A",Slide 299,of the Plat Records of Tarrant County,Texas,said point also being the
Southeast corner of a tract of land identified as Tract I,and the Southerly portion of Tract II,in the aforesaid deed to
La Verne Butterfield, L.P.;
THENCE N 00°08'55"W 50.08 feet,along the West boundary line of said Tract VII and the East boundary
line of the aforesaid Tract of land identified as Tract I and the Southerlyportion of the Tract II,to a 1/2iron
rod found at the Northwest corner of said Tract VII, and the Southwest corner of a tract of land identified
as Tract II, in the deed to Columbia North Hills Hospital Subsidiary, L.P., recorded in Volume 14448, Page
33,of the Deed Records of Tarrant County,Texas;
THENCE N 89°40'25"E660.60 feet,along the North boundary line of said Tract VII and the South boundary
line of said Columbia North Hills Hospital Subsidiary Tract,to a 1/2" iron rod found at the Northeast corner
of said Tract VII and the Southeast corner of said Columbia North Hills Hospital Subsidiary Tract, and said
point lying in the West right-of-way line of Booth Calloway Road(a 60 foot wide public right-of-way);
THENCE S 00°32'11"E 49.98 feet,along the East boundary line of said Tract VII and the West right-of-way
line of Booth Calloway Road, to a 1/2" iron rod found at the Southeast corner of said Tract VII and the
Northeast corner of a tract of land identified as Tract I, in the aforesaid deed to Columbia North Hills
Hospital Subsidiary,L.P.;
THENCE S 89°39'54"W 660.93 feet,along the South boundary line of said Tract VII and the North boundary
line of said Tract I, and the aforesaid Lot 9, Block A, to the POINT OF BEGINNING containing 0.759 acre
(33,059 square feet)of land.
TRACT 5
BEING 0.169 acre of land situated in the WILLIAM W. WALLACE SURVEY, Abstract No. 1606, North Richland Hills,
Tarrant County,Texas, and being a portion of the tract of land identified as "Tract I and the Southerly portion of
Tract II", in the deed to La Verne Butterfield, L.P., by the deed recorded in County Clerk's File No. D205028590, of
the Official Public Records of Tarrant County,Texas. Said 0.169 acre of land being more particularly described by
metes and bounds as follows:
BEGINNING at a 'A" iron rod found with aluminum cap marked "4873"at the Southwest corner of Lot 1, Block M,
Calloway Farm Addition,to the City of North Richland Hills,Tarrant County,Texas,according to the plat recorded in
Cabinet"A",Slide 11807,of the Plat Records of Tarrant County,Texas,said point lying in the Northeast right-of-way
line of City Point Drive(a variable width public right-of-way);
THENCE S 89°59'16" E 51.30 feet, along the South boundary line of said Lot 1, Block M,and severing said
La Verne Butterfield Tract,to a W'iron rod marked"Brittain&Crawford"set at the Southeast corner of said
Lot 1, Block M, and said point lying in the West boundary line of a tract of land identified as Tract II,in the
deed to Columbia North Hills Hospital Subsidiary, L.P., recorded in Volume 14448, Page 33, of the Deed
Records of Tarrant County,Texas;
THENCE S 00° 26' 57" E 305.54 feet, along the West boundary line of said Columbia North Hills Hospital
Subsidiary Tract and the East boundary line of said La Verne Butterfield Tract,to a'A"iron rod found at the
Southwest corner of said Columbia North Hills Hospital Subsidiary Tract,and the Northwest corner of a tract
of land identified as Tract VII,in the aforesaid deed to La Verne Butterfield;
THENCE S 00°08'55" E 50.08 feet,along the West boundary line of said Tract VII,to a 5/8"iron rod found
at the Southwest corner of said Tract VII and the Northwest corner of Lot 9,Block A,Calloway Farm Addition,
to the City of North Richland Hills, Tarrant County, Texas, according to the plat recorded in Cabinet "A",
Slide 299,of the Plat Records of Tarrant County,Texas,and said point lying in the East right-of-way line of
the aforesaid City Point Drive;
THENCE along the Northeast right-of-way line of said City Point Drive and the West boundary line of the
aforesaid Tract of land identified as Tract I and the Southerly portion of Tract II,as follows:
CITY POINT PUBLIC IMPROVEMENT DISTRICT
30
SERVICE AND ASSESSMENT PLAN
1. N 88°42'11"W 10.05 feet,to an"X"cut in concrete found;
2. N 00°24'47"W 80.00 feet,to an "X"cut in concrete found at the beginning of a curve to the
left;
3. NORTHWESTERLY 279.79 feet, along said curve to the left, having a radius of 942.77 feet, a
central angle of 17° 00' 15", and a chord bearing N 08° 54' 54" W 278.77 feet,to the POINT OF
BEGINNING containing 0.169 acre(7,366 square feet)of land.
TRACT 6
BEING 0.681 acre of land situated in the WILLIAM W. WALLACE SURVEY, Abstract No. 1606, North Richland Hills,
Tarrant County,Texas,and being the same tract of land identified as the"Northerly portion of Tract II",in the deed
to La Verne Butterfield, L.P., by the deed recorded in County Clerk's File No. D205028590, of the Official Public
Records of Tarrant County,Texas.Said 0.681 acre of land being more particularly described by metes and bounds as
follows:
BEGINNING at a%z"iron rod marked"SPOONER"found at the South corner of Lot 1,Block H,Calloway Farm Addition,
to the City of North Richland Hills,Tarrant County,Texas,according to the plat recorded in County Clerk's File No.
D194246388,of the Official Public Records of Tarrant County,Texas,and the West corner of the aforesaid La Verne
Butterfield Tract,and said point lying in the Northeast right-of-way line of Rodger Line Drive(a 70 foot wide public
right-of-way);
THENCE along the Southeast boundary line of said Lot 1,Block H,and the Northwest boundary line of said
La Verne Butterfield Tract,as follows:
1.N 35°00'51" E 100.00 feet,to a%z"iron rod with aluminum cap stamped"RPLS 4873"found;
2. N 53°58'52"E 143.09 feet,to a%" iron rod with aluminum cap stamped"RPLS 4873"found at
the East corner of said Lot 1, Block H,and the North corner of the aforesaid La Verne Butterfield
Tract,and said point lying in the West boundary line of a tract of land conveyed to the City of North
Richland Hills,by the deed recorded in Volume 10616, Page 1491, of the Deed Records of Tarrant
County,Texas;
THENCE along the East boundary line of said La Verne Butterfield Tract and the West boundary line of said
City of North Richland Hills Tract,as follows:
1.SOUTHEASTERLY 125.40 feet,along a curve to the right,having a radius of 429.00 feet,a central
angle of 16°44'51",and a chord bearing S 05°36'30" E 124.95 feet,to a W'iron rod found at the
end of said curve;
2.S 02°41'47"W 161.71 feet,to a%z"iron rod with aluminum cap stamped"RPLS 4873"found at
the South corner of said La Verne Butterfield Tract,and said point lying in the Northeast right-of-
way line of the aforesaid Rodger Line Drive;
THENCE along the Southwest boundary line of said La Verne Butterfield Tract and the Northeast right-of-
way line of said Rodger Line Drive,as follows:
1.NORTHWESTERLY 45.05 feet,along a curve to the right,having a radius of 265.00 feet,a central
angle of 09°44' 24", and a chord bearing N 59°51' 29" W 44.99 feet, to a %" iron rod marked
"Brittain&Crawford"set at the end of said curve;
2. N 54°59'09"W 169.48 feet,to the POINT OF BEGINNING containing 0.681 acre(29,645 square
feet)of land.
TRACT 7:
BEING 5.951 acres of land situated in the William W.Wallace Survey,Abstract No.1606,North Richland Hills,Tarrant
County,Texas,and being a portion of Lot 1, Block 2,CITY POINT ADDITION,an addition to the City of North Richland
Hills,Tarrant County,Texas, according to the plat recorded in County Clerk's File No. D214125258, of the Official
Public Records of Tarrant County,Texas,and being all of the tract of land identified as Tract V in the deed to La Verne
CITY POINT PUBLIC IMPROVEMENT DISTRICT
31
SERVICE AND ASSESSMENT PLAN
Butterfield,L.P.by the deed recorded in County Clerk's File No.D205028589,of the Official Public Records of Tarrant
County, Texas, and a portion of the tracts of land identified as Parcels One and Two, in the deed to LaVerne
Butterfield, L.P., recorded in County Clerk's File No. D213022633, of the Official Public Records of Tarrant County,
Texas.Said 5.951 acres of land being more particularly described by metes and bounds as follows:
BEGINNING at a 1/2"iron rod found at the most Westerly Southwest corner of said Lot 1,Block 2,and the Northwest
corner of a tract of land conveyed to Richland Hills Methodist Church,by the deed recorded in Volume 2650, Page
247,of the Deed Records of Tarrant County,Texas, and said point lying in the East boundary line of a tract of land
conveyed to ONCOR Electric Delivery Company, LLC, by deed recorded in Volume 1947, Page 169 of the Deed
Records of Tarrant County,Texas;
THENCE along the West boundary line of said Lot 1, Block 2„ and the East boundary line of said ONCOR
Electric Delivery Company Tract,as follows:
1.N 00°37'34"W,482.31 feet to a 1/2"iron rod found;
2.N 00°22'36"W 57.70 feet,to a 1/2"iron rod marked"Brittain&Crawford"set;THENCE severing
said Lot 1,Block 2,as follows:
1.N 89°35'50" E 480.59 feet,to a 1/2"iron rod marked "Brittain&Crawford"set;
2.S 00°27'51"E at 122.78 feet,passing a 1/2"iron rod found at the Northwest corner of Ruth Road
(a 50 foot wide public right-of-way)and continuing in all 540.00 feet,to a point lying at the most
Westerly Southeast corner of said Lot 1, Block 2,and the Northeast corner of said aforesaid tract
of land conveyed to Richland Hills Methodist Church;
THENCE S 89°35'50" W 479.32 feet along the South boundary line of said Lot 1, Block 2, and the North
boundary line of said Richland Hills Methodist Church Tract,to the Point of Beginning containing 5.951 acres
(2569,235 square feet)of land.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 32
SERVICE AND ASSESSMENT PLAN
EXHIBIT A-2- IMPROVEMENT ZONE A LEGAL DESCRIPTION
Improvement Area A -41.8758 Acres:Being a tract of land out of the William W.Wallace Survey,Abstract No.1606
and situated in the City of North Richland Hills,Tarrant County,Texas, being surveyed by Miller Surveying, Inc. of
Hurst,Texas in October of 2019, said tract being a portion of Lot 1, Block 3,City Point Addition, an addition to the
City of North Richland Hills,Texas according to the plat thereof recorded as Instrument No. D214125258 of the
Official Public Records of said County,and also including a portion of a portion of Lot 1R1,Block 3,City Point Addition,
an addition to the City of North Richland Hills, Texas according to the plat thereof recorded as Instrument No.
D219052181 of the Official Public Records of said County, and being more particularly described by metes and
bounds as follows:
Beginning at a 2 inch aluminum monument found for the most northerly corner of said Lot 1,said monument being
the intersection of the southeasterly right-of-way line of Boulevard 26(Texas Highway No.26)and the southwesterly
right-of-way line of Rodger Line Drive and also being the beginning of a curve to the left with a radius of 467.10 feet
and whose chord bears South 50 degrees 14 minutes 18 seconds East at 77.74 feet;
Thence with said curve along an arc length of 77.83 feet and through a delta angle of 09 degrees 32 minutes 50
seconds;
Thence South 55 degrees 06 minutes 18 seconds East a distance of 302.73 feet;
Thence North 34 degrees 53 minutes 42 seconds East a distance of 70.00 feet;
Thence North 35 degrees 00 minutes 51 seconds East a distance of 99.25 feet;
Thence North 53 degrees 58 minutes 52 seconds East a distance of 143.09 feet for the beginning of a curve to the
right with a radius of 430.29 feet and whose chord bears South 05 degrees 43 minutes 53 seconds East at 123.13
feet;
Thence with said curve along an arc length of 123.55 feet and through a delta angle of 16 degrees 27 minutes 05
seconds;
Thence South 02 degrees 38 minutes 48 seconds West a distance of 221.61 feet for the beginning of a curve to the
left with a radius of 571.00 feet and whose chord bears South 17 degrees 46 minutes 12 seconds East at 399.30 feet;
Thence with said curve along an arc length of 407.92 feet and through a delta angle of 40 degrees 55 minutes 54
seconds;
Thence South 38 degrees 09 minutes 41 seconds East a distance of 32.43 feet;
Thence South 51 degrees 29 minutes 56 seconds West a distance of 54.85 feet for the beginning of a curve to the
right with a radius of 456.56 feet and whose chord bears South 02 degrees 27 minutes 33 seconds West at 263.10
feet;
Thence with said curve along an arc length of 266.89 feet and through a delta angle of 33 degrees 29 minutes 34
seconds;
Thence South 19 degrees 04 minutes 31 seconds West a distance of 219.90 feet for the beginning of a curve to the
left with a radius of 20.00 feet and whose chord bears South 25 degrees 51 minutes 33 seconds East at 28.28 feet;
Thence with said curve along an arc length of 31.42 feet and through a delta angle of 90 degrees 00 minutes 00
seconds;
Thence South 05 degrees 18 minutes 45 seconds East a distance of 42.09 feet for the beginning of a curve to the
right with a radius of 488.50 feet and whose chord bears South 65 degrees 12 minutes 14 seconds East at 61.54 feet;
Thence with said curve along an arc length of 61.58 feet and through a delta angle of 07 degrees 13 minutes 23
seconds for the beginning of a curve to the left with a radius of 53.00 feet and whose chord bears South 69 degrees
41 minutes 12 seconds East at 14.93 feet;
CITY POINT PUBLIC IMPROVEMENT DISTRICT
33
SERVICE AND ASSESSMENT PLAN
Thence with said curve along an arc length of 14.97 feet and through a delta angle of 16 degrees 11 minutes 19
seconds for the beginning of a curve to the right with a radius of 91.00 feet and whose chord bears South 67 degrees
02 minutes 17 seconds East at 35.47 feet;
Thence with said curve along an arc length of 35.70 feet and through a delta angle of 22 degrees 28 minutes 29
seconds for the beginning of a curve to the right with a radius of 496.63 feet and whose chord bears South 48 degrees
06 minutes 28 seconds East at 132.96 feet;
Thence with said curve along an arc length of 133.36 feet and through a delta angle of 15 degrees 23 minutes 09
seconds for the beginning of a curve to the right with a radius of 912.77 feet and whose chord bears South 20 degrees
24 minutes 47 seconds East at 624.37 feet;
Thence with said curve along an arc length of 637.23 feet and through a delta angle of 40 degrees 00 minutes 00
seconds;
Thence South 00 degrees 24 minutes 47 seconds East a distance of 80.00 feet;
Thence South 89 degrees 35 minutes 08 seconds West a distance of 10.00 feet;
Thence North 00 degrees 24 minutes 47 seconds West a distance of 0.11 feet;
Thence South 89 degrees 35 minutes 08 seconds West a distance of 409.25 feet;
Thence North 00 degrees 24 minutes 51 seconds West a distance of 803.70 feet;
Thence North 04 degrees 41 minutes 46 seconds West a distance of 41.70 feet;
Thence North 70 degrees 51 minutes 33 seconds West a distance of 66.35 feet for the beginning of a curve to the
left with a radius of 519.00 feet and whose chord bears North 80 degrees 29 minutes 54 seconds West at 173.79
feet;
Thence with said curve along an arc length of 174.61 feet and through a delta angle of 19 degrees 16 minutes 34
seconds;
Thence South 89 degrees 51 minutes 49 seconds West a distance of 112.03 feet;
Thence North 00 degrees 08 minutes 11 seconds West a distance of 269.17 feet for the beginning of a curve to the
left with a radius of 135.50 feet and whose chord bears North 20 degrees 07 minutes 32 seconds West at 92.64 feet;
Thence with said curve along an arc length of 94.55 feet and through a delta angle of 39 degrees 58 minutes 42
seconds;
Thence North 40 degrees 06 minutes 54 seconds West a distance of 126.73 feet for the beginning of a curve to the
left with a radius of 260.50 feet and whose chord bears North 47 degrees 39 minutes 43 seconds West at 68.43 feet;
Thence with said curve along an arc length of 68.63 feet and through a delta angle of 15 degrees 05 minutes 39
seconds;
Thence North 55 degrees 12 minutes 33 seconds West a distance of 419.76 feet for the beginning of a curve to the
right with a radius of 491.50 feet and whose chord bears South 33 degrees 55 minutes 38 seconds West at 232.42
feet;
Thence with said curve along an arc length of 234.64 feet and through a delta angle of 27 degrees 21 minutes 12
seconds;
Thence South 47 degrees 36 minutes 14 seconds West a distance of 44.90 feet;
Thence South 42 degrees 23 minutes 46 seconds East a distance of 248.21 feet for the beginning of a curve to the
left with a radius of 260.50 feet and whose chord bears South 47 degrees 51 minutes 00 seconds East at 49.52 feet;
Thence with said curve along an arc length of 49.59 feet and through a delta angle of 10 degrees 54 minutes 27
seconds;
Thence South 53 degrees 18 minutes 13 seconds East a distance of 375.26 feet for the beginning of a curve to the
left with a radius of 135.50 feet and whose chord bears South 71 degrees 43 minutes 12 seconds East at 85.61 feet;
Thence with said curve along an arc length of 87.11 feet and through a delta angle of 36 degrees 49 minutes 58
seconds;
CITY POINT PUBLIC IMPROVEMENT DISTRICT
34
SERVICE AND ASSESSMENT PLAN
Thence North 89 degrees 51 minutes 49 seconds East a distance of 40.00 feet for the beginning of a curve to the
right with a radius of 25.00 feet and whose chord bears South 46 degrees 14 minutes 31 seconds East at 34.67 feet;
Thence with said curve along an arc length of 38.31 feet and through a delta angle of 87 degrees 47 minutes 21
seconds for the beginning of a curve to the right with a radius of 25.00 feet and whose chord bears South 46 degrees
32 minutes 33 seconds West at 35.03 feet;
Thence with said curve along an arc length of 38.81 feet and through a delta angle of 88 degrees 56 minutes 11
seconds for the beginning of a curve to the right with a radius of 281.00 feet and whose chord bears North 81 degrees
14 minutes 58 seconds West at 75.69 feet;
Thence with said curve along an arc length of 75.92 feet and through a delta angle of 15 degrees 28 minutes 45
seconds for the beginning of a curve to the left with a radius of 271.00 feet and whose chord bears North 88 degrees
22 minutes 05 seconds West at 138.98 feet;
Thence with said curve along an arc length of 140.55 feet and through a delta angle of 29 degrees 43 minutes 00
seconds;
Thence South 76 degrees 46 minutes 25 seconds West a distance of 42.27 feet for the beginning of a curve to the
left with a radius of 274.74 feet and whose chord bears South 44 degrees 55 minutes 24 seconds West at 213.50
feet;
Thence with said curve along an arc length of 219.27 feet and through a delta angle of 45 degrees 43 minutes 44
seconds;
Thence South 12 degrees 35 minutes 44 seconds West a distance of 45.11 feet for the beginning of a curve to the
right with a radius of 25.00 feet and whose chord bears South 54 degrees 09 minutes 28 seconds West at 33.17 feet;
Thence with said curve along an arc length of 36.27 feet and through a delta angle of 83 degrees 07 minutes 29
seconds;
Thence North 84 degrees 16 minutes 48 seconds West a distance of 5.63 feet for the beginning of a curve to the
right with a radius of 114.50 feet and whose chord bears North 57 degrees 53 minutes 03 seconds West at 101.81
feet;
Thence with said curve along an arc length of 105.50 feet and through a delta angle of 52 degrees 47 minutes 28
seconds;
Thence North 31 degrees 29 minutes 19 seconds West a distance of 265.12 feet for the beginning of a curve to the
left with a radius of 260.50 feet and whose chord bears North 36 degrees 56 minutes 33 seconds West at 49.52 feet;
Thence with said curve along an arc length of 49.59 feet and through a delta angle of 10 degrees 54 minutes 27
seconds;
Thence North 42 degrees 23 minutes 46 seconds West a distance of 248.08 feet;
Thence South 48 degrees 20 minutes 24 seconds West a distance of 266.43 feet for the beginning of a curve to the
right with a radius of 25.00 feet and whose chord bears South 03 degrees 41 minutes 32 seconds West at 7.34 feet;
Thence with said curve along an arc length of 7.37 feet and through a delta angle of 16 degrees 53 minutes 24
seconds for the beginning of a curve to the left with a radius of 135.50 feet and whose chord bears South 05 degrees
49 minutes 51 seconds West at 29.77 feet;
Thence with said curve along an arc length of 29.83 feet and through a delta angle of 12 degrees 36 minutes 50
seconds;
Thence South 00 degrees 28 minutes 34 seconds East a distance of 463.52 feet;
Thence North 89 degrees 36 minutes 31 seconds East a distance of 40.50 feet;
Thence South 00 degrees 29 minutes 47 seconds East a distance of 246.33 feet;
Thence South 89 degrees 21 minutes 20 seconds West a distance of 49.95 feet;
Thence South 00 degrees 27 minutes 51 seconds East a distance of 417.22 feet;
Thence South 89 degrees 35 minutes 50 seconds West a distance of 479.32 feet;
Thence North 00 degrees 37 minutes 34 seconds West a distance of 482.31 feet;
i �"..� -fir":•.�"'.r#:s.-..a:`Y,°*e..a .;r .�,,,�.r,.. 3-F..: .. ^�`,.' :^.':* �.,. �,- *.�`��5�x,�*..,a ".` "ri-.^ #5;;,"`^Fr'sF:;',a ti-.x ,"x'€*..: f
CITY POINT PUBLIC IMPROVEMENT DISTRICT 35
SERVICE AND ASSESSMENT PLAN
Thence North 00 degrees 22 minutes 36 seconds West a distance of 530.79 feet to an aluminum monument found
for the northwest corner of said Lot 1R1,said rod being in said southeasterly right-of-way line of Boulevard 26;
Thence North 47 degrees 39 minutes 42 seconds East a distance of 413.12 feet for the beginning of a curve to the
right with a radius of 250.00 feet and whose chord bears North 51 degrees 29 minutes 56 seconds East at 33.46 feet;
Thence with said curve along an arc length of 33.49 feet and through a delta angle of 07 degrees 40 minutes 29
seconds;
Thence South 42 degrees 51 minutes 35 seconds East a distance of 41.46 feet for the beginning of a curve to the
right with a radius of 200.50 feet and whose chord bears North 74 degrees 41 minutes 28 seconds East at 11.22 feet;
Thence with said curve along an arc length of 11.22 feet and through a delta angle of 03 degrees 12 minutes 24
seconds;
Thence North 76 degrees 15 minutes 24 seconds East a distance of 261.04 feet for the beginning of a curve to the
left with a radius of 199.50 feet and whose chord bears North 61 degrees 57 minutes 18 seconds East at 98.66 feet;
Thence with said curve along an arc length of 99.70 feet and through a delta angle of 28 degrees 37 minutes 59
seconds;
Thence North 48 degrees 20 minutes 24 seconds East a distance of 53.72 feet for the beginning of a curve to the left
with a radius of 20.00 feet and whose chord bears North 35 degrees 48 minutes 53 seconds East at 8.17 feet;
Thence with said curve along an arc length of 8.23 feet and through a delta angle of 23 degrees 34 minutes 41
seconds;
Thence North 47 degrees 36 minutes 09 seconds East a distance of 110.00 feet for the beginning of a curve to the
left with a radius of 20.00 feet and whose chord bears North 59 degrees 23 minutes 19 seconds East at 8.18 feet;
Thence with said curve along an arc length of 8.23 feet and through a delta angle of 23 degrees 35 minutes 13
seconds;
Thence North 47 degrees 36 minutes 14 seconds East a distance of 146.39 feet for the beginning of a curve to the
left with a radius of 469.00 feet and whose chord bears North 36 degrees 46 minutes 15 seconds East at 176.30 feet;
Thence with said curve along an arc length of 177.36 feet and through a delta angle of 21 degrees 40 minutes 02
seconds;
Thence North 25 degrees 56 minutes 14 seconds East a distance of 315.01 feet for the beginning of a curve to the
right with a radius of 251.00 feet and whose chord bears North 34 degrees 39 minutes 27 seconds East at 76.25 feet;
Thence with said curve along an arc length of 76.55 feet and through a delta angle of 17 degrees 28 minutes 24
seconds;
Thence North 41 degrees 26 minutes 20 seconds West a distance of 32.27 feet;
Thence North 47 degrees 46 minutes 21 seconds East a distance of 83.10 feet;
Thence North 52 degrees 17 minutes 17 seconds East a distance of 160.98 feet to the point of beginning and
containing 41.8758 acres of land,more or less.
40, #4 41
CITY POINT PUBLIC IMPROVEMENT DISTRICT 36
SERVICE AND ASSESSMENT PLAN
•
EXHIBIT A-3 - IMPROVEMENT ZONE B LEGAL DESCRIPTION
Improvement Zone B-44.4443 Acres:Being a tract of land out of the William W.Wallace Survey,Abstract No. 1606
and situated in the City of North Richland Hills,Tarrant County,Texas, being surveyed by Miller Surveying, Inc. of
Hurst,Texas in October of 2019, said tract being a portion of Lot 1, Block 3,City Point Addition, an addition to the
City of North Richland Hills,Texas according to the plat thereof recorded as Instrument No. D214125258 of the
Official Public Records of said County,and also including a portion of a portion of Lot 1R1,Block 3,City Point Addition,
an addition to the City of North Richland Hills, Texas according to the plat thereof recorded as Instrument No.
D219052181 of the Official Public Records of said County, and being more particularly described by metes and
bounds as follows:
Beginning at a 2 inch aluminum monument found for the northwest corner of said Lot 1,said monument being in
the southeasterly right-of-way line of Boulevard 26(Texas Highway No.26);
Thence North 47 degrees 39 minutes 42 seconds East a distance of 413.12 feet for the beginning of a curve to the
right with a radius of 250.00 feet and whose chord bears North 51 degrees 29 minutes 56 seconds East at 33.46 feet;
Thence with said curve along an arc length of 33.49 feet and through a delta angle of 07 degrees 40 minutes 29
seconds;
Thence South 42 degrees 51 minutes 35 seconds East a distance of 41.46 feet;
Thence South 42 degrees 51 minutes 35 seconds East a distance of 3.45 feet for the beginning of a curve to the left
with a radius of 95.00 feet and whose chord bears South 63 degrees 27 minutes 02 seconds East at 66.82 feet;
Thence with said curve along an arc length of 68.28 feet and through a delta angle of 41 degrees 10 minutes 53
seconds; for the beginning of a curve to the right with a radius of 155.00 feet and whose chord bears South 74
degrees 33 minutes 45 seconds East at 51.05 feet;
Thence with said curve along an arc length of 51.28 feet and through a delta angle of 18 degrees 57 minutes 26
seconds;
Thence South 65 degrees 05 minutes 02 seconds East a distance of 20.08 feet;
Thence North 76 degrees 25 minutes 13 seconds East a distance of 15.65 feet for the beginning of a curve to the
right with a radius of 155.00 feet and whose chord bears North 44 degrees 03 minutes 24 seconds East at 23.15 feet;
Thence with said curve along an arc length of 23.18 feet and through a delta angle of 08 degrees 34 minutes 00
seconds;
Thence North 48 degrees 20 minutes 24 seconds East a distance of 153.83 feet for the beginning of a curve to the
left with a radius of 199.50 feet and whose chord bears North 60 degrees 15 minutes 26 seconds East at 87.17 feet;
Thence with said curve along an arc length of 87.88 feet and through a delta angle of 25 degrees 14 minutes 16
seconds;
Thence North 48 degrees 20 minutes 24 seconds East a distance of 53.72 feet for the beginning of a curve to the left
with a radius of 20.00 feet and whose chord bears North 35 degrees 48 minutes 53 seconds East at 8.17 feet;
Thence with said curve along an arc length of 8.23 feet and through a delta angle of 23 degrees 34 minutes 41
seconds;
Thence North 47 degrees 36 minutes 09 seconds East a distance of 110.00 feet for the beginning of a curve to the
left with a radius of 20.00 feet and whose chord bears North 59 degrees 23 minutes 19 seconds East at 8.18 feet;
Thence with said curve along an arc length of 8.23 feet and through a delta angle of 23 degrees 35 minutes 13
seconds;
Thence North 47 degrees 36 minutes 14 seconds East a distance of 146.39 feet for the beginning of a curve to the
left with a radius of 469.00 feet and whose chord bears North 36 degrees 46 minutes 15 seconds East at 176.30 feet;
Thence with said curve along an arc length of 177.36 feet and through a delta angle of 21 degrees 40 minutes 02
seconds;
CITY POINT PUBLIC IMPROVEMENT DISTRICT
37
SERVICE AND ASSESSMENT PLAN
Thence North 25 degrees 56 minutes 14 seconds East a distance of 315.01 feet for the beginning of a curve to the
right with a radius of 251.00 feet and whose chord bears North 34 degrees 39 minutes 27 seconds East at 76.25 feet;
Thence with said curve along an arc length of 76.55 feet and through a delta angle of 17 degrees 28 minutes 24
seconds; for the beginning of a curve to the right with a radius of 251.00 feet and whose chord bears North 47
degrees 42 minutes 13 seconds East at 37.72 feet;
Thence with said curve along an arc length of 37.76 feet and through a delta angle of 08 degrees 37 minutes 08
seconds;for the beginning of a curve to the right with a radius of 47.50 feet and whose chord bears North 88 degrees
24 minutes 07 seconds East at 56.36 feet;
Thence with said curve along an arc length of 60.34 feet and through a delta angle of 72 degrees 46 minutes 41
seconds;
Thence South 55 degrees 12 minutes 33 seconds East a distance of 448.50 feet;
Thence North 82 degrees 18 minutes 55 seconds East a distance of 14.75 feet for the beginning of a curve to the
right with a radius of 180.00 feet and whose chord bears North 55 degrees 00 minutes 27 seconds East at 84.51 feet;
Thence with said curve along an arc length of 85.30 feet and through a delta angle of 27 degrees 09 minutes 08
seconds;for the beginning of a curve to the left with a radius of 120.00 feet and whose chord bears North 49 degrees
29 minutes 58 seconds East at 78.47 feet;
Thence with said curve along an arc length of 79.94 feet and through a delta angle of 38 degrees 10 minutes 07
seconds;for the beginning of a curve to the left with a radius of 335.00 feet and whose chord bears South 60 degrees
21 minutes 32 seconds East at 107.89 feet;
Thence with said curve along an arc length of 108.37 feet and through a delta angle of 18 degrees 32 minutes 03
seconds;for the beginning of a curve to the left with a radius of 571.00 feet and whose chord bears South 18 degrees
32 minutes 47 seconds East at 384.76 feet;
Thence with said curve along an arc length of 392.44 feet and through a delta angle of 39 degrees 22 minutes 43
seconds;
Thence South 38 degrees 09 minutes 41 seconds East a distance of 32.43 feet;
Thence South 51 degrees 29 minutes 56 seconds West a distance of 54.85 feet for the beginning of a curve to the
right with a radius of 456.56 feet and whose chord bears South 02 degrees 27 minutes 33 seconds West at 263.10
feet;
Thence with said curve along an arc length of 266.89 feet and through a delta angle of 33 degrees 29 minutes 34
seconds;
Thence South 19 degrees 04 minutes 31 seconds West a distance of 219.90 feet for the beginning of a curve to the
left with a radius of 20.00 feet and d whose chord
h h r bears South 25 degrees 51 minutes 33 seconds East at 28.28 feet;
Thence with said curve along an arc length of 31.42 feet and through a delta angle of 90 degrees 00 minutes 00
seconds;
Thence South 05 degrees 18 minutes 45 seconds East a distance of 42.09 feet for the beginning of a curve to the
right with a radius of 488.50 feet and whose chord bears South 65 degrees 12 minutes 14 seconds East at 61.54 feet;
Thence with said curve along an arc length of 61.58 feet and through a delta angle of 07 degrees 13 minutes 23
seconds;for the beginning of a curve to the left with a radius of 53.00 feet and whose chord bears South 69 degrees
41 minutes 12 seconds East at 14.93 feet;
Thence with said curve along an arc length of 14.97 feet and through a delta angle of 16 degrees 11 minutes 19
seconds;for the beginning of a curve to the right with a radius of 91.00 feet and whose chord bears South 67 degrees
02 minutes 17 seconds East at 35.47 feet;
Thence with said curve along an arc length of 35.70 feet and through a delta angle of 22 degrees 28 minutes 29
seconds; for the beginning of a curve to the right with a radius of 496.63 feet and whose chord bears South 48
degrees 06 minutes 28 seconds East at 132.96 feet;
.... •r`-.=sn! 'A."
CITY POINT PUBLIC IMPROVEMENT DISTRICT
38
SERVICE AND ASSESSMENT PLAN
Thence with said curve along an arc length of 133.36 feet and through a delta angle of 15 degrees 23 minutes 09
seconds; for the beginning of a curve to the right with a radius of 912.77 feet and whose chord bears South 29
degrees 12 minutes 36 seconds East at 354.68 feet;
Thence with said curve along an arc length of 356.95 feet and through a delta angle of 22 degrees 24 minutes 22
seconds;
Thence South 89 degrees 57 minutes 39 seconds East a distance of 82.68 feet;
Thence South 00 degrees 24 minutes 59 seconds East a distance of 305.47 feet;
Thence North 89 degrees 40 minutes 25 seconds East a distance of 660.88 feet;
Thence South 00 degrees 32 minutes 11 seconds East a distance of 49.98 feet;
Thence South 89 degrees 39 minutes 54 seconds West a distance of 660.93 feet;
Thence North 89 degrees 59 minutes 06 seconds West a distance of 40.05 feet;
Thence South 89 degrees 35 minutes 08 seconds West a distance of 10.00 feet;
Thence North 00 degrees 24 minutes 47 seconds West a distance of 0.11 feet;
Thence South 89 degrees 35 minutes 08 seconds West a distance of 409.25 feet;
Thence North 00 degrees 24 minutes 51 seconds West a distance of 803.70 feet;
Thence North 04 degrees 41 minutes 46 seconds West a distance of 41.70 feet;
Thence North 70 degrees 51 minutes 33 seconds West a distance of 66.35 feet for the beginning of a curve to the
left with a radius of 519.00 feet and whose chord bears North 80 degrees 29 minutes 54 seconds West at 173.79
feet;
Thence with said curve along an arc length of 174.61 feet and through a delta angle of 19 degrees 16 minutes 34
seconds;
Thence South 89 degrees 51 minutes 49 seconds West a distance of 112.03 feet;
Thence North 00 degrees 08 minutes 11 seconds West a distance of 83.62 feet;
Thence South 89 degrees 51 minutes 49 seconds West a distance of 84.28 feet;
Thence North 71 degrees 43 minutes 12 seconds West a distance of 18.98 feet;
Thence North 53 degrees 18 minutes 13 seconds West a distance of 418.58 feet for the beginning of a curve to the
right with a radius of 210.00 feet and whose chord bears North 47 degrees 51 minutes 00 seconds West at 39.92
feet;
Thence with said curve along an arc length of 39.98 feet and through a delta angle of 10 degrees 54 minutes 27
seconds;
Thence North 42 degrees 23 minutes 46 seconds West a distance of 248.24 feet for the beginning of a curve to the
right with a radius of 491.50 feet and whose chord bears South 47 degrees 16 minutes 38 seconds West at 5.60 feet;
Thence with said curve along an arc length of 5.60 feet and through a delta angle of 00 degrees 39 minutes 12
seconds;
Thence South 47 degrees 36 minutes 14 seconds West a distance of 44.90 feet;
Thence South 47 degrees 49 minutes 49 seconds West a distance of 329.00 feet;
Thence South 48 degrees 20 minutes 24 seconds West a distance of 50.50 feet;
Thence South 42 degrees 23 minutes 46 seconds East a distance of 248.73 feet for the beginning of a curve to the
right with a radius of 210.00 feet and whose chord bears South 36 degrees 56 minutes 33 seconds East at 39.92 feet;
Thence with said curve along an arc length of 39.98 feet and through a delta angle of 10 degrees 54 minutes 27
seconds;
Thence South 31 degrees 29 minutes 19 seconds East a distance of 265.12 feet for the beginning of a curve to the
left with a radius of 165.00 feet and whose chord bears South 57 degrees 53 minutes 03 seconds East at 146.71 feet;
Thence with said curve along an arc length of 152.03 feet and through a delta angle of 52 degrees 47 minutes 28
seconds;
Thence South 84 degrees 16 minutes 48 seconds East a distance of 1.76 feet;
CITY POINT PUBLIC IMPROVEMENT DISTRICT
39
SERVICE AND ASSESSMENT PLAN
Thence South 43 degrees 43 minutes 49 seconds East a distance of 15.20 feet for the beginning of a curve to the left
g g g
with a radius of 290.50 feet and whose chord bears South 15 degrees 20 minutes 59 seconds East at 112.68 feet;
Thence with said curve along an arc length of 113.40 feet and through a delta angle of 22 degrees 21 minutes 58
seconds;
Thence South 89 degrees 36 minutes 31 seconds West a distance of 617.00 feet;
Thence South 00 degrees 29 minutes 47 seconds East a distance of 246.33 feet;
Thence South 89 degrees 21 minutes 20 seconds West a distance of 49.95 feet;
Thence South 00 degrees 27 minutes 51 seconds East a distance of 417.22 feet;
Thence South 89 degrees 35 minutes 50 seconds West a distance of 479.32 feet to a 1/2 inch"MILLER 5665"capped
steel rod set for the southwest corner of said Lot 1R1;
Thence North 00 degrees 37 minutes 34 seconds West a distance of 482.31 feet;
Thence North 00 degrees 22 minutes 36 seconds West a distance of 530.79 feet to the point of beginning and
containing 44.4443 acres of land,more or less.
[Remainder of page intentionally left blank.]
CITY POINT PUBLIC IMPROVEMENT DISTRICT
40
SERVICE AND ASSESSMENT PLAN
...
EXHIBIT A-4—SINGLE FAMILY TRACTS LEGAL DESCRIPTION
TRACT SF-1_
Tract 5f-1-15.1143 Acres;Being a tract of land out of the William Oct Wallace Sun,ey,Abstract No.1605 arid situated In the City of
North Richland Hills,Tarrant County,Tens.tieing suroeyed hy Mider Surveying,lee.of Hurst,Texas in October of 2019,said tract being a
portion of tot 1. otit 3,City Point Addition,an addition to the City of North Richland Hills,Texas according to the plot thereof recorded
as ins trumeel No.D214126253.of the Offielal Public Records of said County,and being more particularly*scathed by metes and hounds
as follows:
Heath/log at a cross in concrete found for the most westerly corner of said tot 1,said crass being In the rafthOastt,tiy riglist-of,way tine of
City Point Drive from which a cross in concrete found for the most westerly southwest corner of sold Lot 1 boas South 42 degrees 23
minutes 46 seconds East at 57n_51 feet said beginning point being the beginning of a tunas to the left with a radius of 20,00 feet and
whose chord hears North 59 degrees 23 minutes 19 seconds East at 8.18 feet;
Thence with said curve along art arc length of 8.23 feet and through a delta angle of 23 degrees 35 minutes 13 seconds:
Thence NOTtl 47 degrees 36 minutes 14 seconds East a distance of 146.39 feet for the beginning of a curve to the left with a radius of
459.00 feet and whose chard heart North 36 degrees 45 mini-Jos 15 seconds best at 175,33 feel;
Thence with said curve along an arc length of 177,36 feet arid through a delta angle of 21 degrees 40 minutes 02 seronds;
Thence North 25 degrees 56 minutes 14 seconds East a distance of 315.01 feet for the beginning of a curve to the right with a radius of
251.00 feet and whose chord bears North 3e degrees 39 minutes 77 seconds East at 76.25 feet;
Thence with said curet along err ire length of 76,65 feet and through a delta engle of 17 deEMIS 38 5f-iliutliP 24 seconds Inc the
beginning of a curve to the right with a radius of 251.00 fee:and whose chord bears North 47 degrees 42 minutes 13 seconds East at
27.72 feet;
Thence with sold curve along an are length of 37,76 feet and through a delta angle of 08 degrees 37 names 08 seconds for the
beginning of a curve to the right with a radius of 47.60 feet and whose chord bears North 88 degrees 24 minutes Ire seconds East at
55.36 feet;
Thence with said curve along an,are length of 60,34 feet and through a delta angle of 72 degrees 46 minutes 41 seconds;
Thence South 55 degrees 12 minutes 32 seconds East a distance of 448.50 feet;
Thence North 82 degrees 18 minutes 55 seconds East a distance of 14.75 feet;for the beginning of a curve to the right with a radius of
130,00 feet and whose chord beers North 55 degrees 00 minutes 27 serravos East at 84,51 feet;
Thence with said curve along an arc length of 85,30 feet and through a delta angle of 27 degrees 09 minutes 08 seconds for the
beginning of a curve to the left with a radius of 120.00 feet and whose chord bears North 50 degrees 55 minutes 23 seconds East at
31,93 feet;
Thence with said curve along an arc length of 3108 feet and through a delta angle of 15 degrees 19 minutes 07 seconds:
Thence South 34 degrees 14 minutes 15 seconds East a distance of 61.81 feet;
Thence North 55 degrees 45 minutes 45 seconds East a distance of 15.00 feet;
Thence Nensis 34 degrees le mandrill.;seconds West a distance of 7,75 feel;for the beginning of a more to the right,with a radius of
10L50 feet and whose chord hears North 05 degrees 24 minutes 54 seconds East at 13.68 feet;
Thence with said curve along an arc length of 14,90 feet and through a delta angle.of 81 degrees 18 minutes 13 seconds for the
beginning of a curve to the left nnth a radius of 225,00 feet arid whose chord hears North 42 degrees-07 minutes 38 seconds East at 38.75
feet;
Thence with said curve along an are length of 38.240 feet and through a delta anee of 09 degrees 52 minutes 50 seconds for the
beginning of a curve to the right with a radius of 10.50 feet and V1,1,05,2 chord hears North E4 degrees 39 minutes133 seconds East at 9.68
feet;
Thentil with sold turvc,along on arc fertgO,cf 101/7 lees and through a e0,...1 angle of 54 degrees 65 minutes 41 seconds for the
beginning of a curve to the left with a radius of 335.03 feet and whose chord hears South GS degrees 57 minutes 49 seconds East at
42..84 5:1,4,1;
.---..---,>--
'-----,„4\ MILLER
SURVEYING, INC
JASON a.RAWLINGS)4)
Pmfteriielfreetesfoit k‹..,79.5PeSte'ArSiii
..'it
..,, SUR,,,A,.„-- 420 Mid Cities hkri.Hurst,Tunas 75054
-74........,..--,5----- SF Exhibit Sheet 2 of 7 1317-511-1052.bile%No.10100400
rnfillersurvey.nel
Job No. 19008 •Plot File 19008 MF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
41
SERVICE AND ASSESSMENT PLAN
TRACT SF-1
Thence with said curie atong an arc length of 42_83 feet and through a delta angle of 07 degrees 19 minutes 28 seconds for the
beginning;of a curve to hr left with a(IOC,:et 571,03 feet and,,t4u*G.chord itirars South 18 ditersies 37 minutes 47 seconds East at
384.76 feet
Thence with said curve along an arc length of 392.44 feet and through a deity angie of 39 degrees 22 minutes 43 seconds;
Thence South 38 degrees 09 minutes 41 seconds Eats a distance of 32.43 feet
Thence South 51 degrees 29 minutes 56 seconds West a distance of 54.85 feet;for the beginning ef a curie to the right with a radius of
456.56 Wet and whose chord beers South 02 deerges 27 mir ute;33 nrrSs West at 263,13 feet;
Thence with sa id curie along an arc length of 266,89 feet and through a delta an.ac of 33 degrees 2.9 minutes 34 seconds;
Thence South 19 degrees 04 minutes 31 seconds West a distance of 219,90 feet;for the beginning of a curve to the left with a radius of
20.03 feet and whose chord bears South 25 degrees 51 minutes 33 sera:aids East at 29.29 feet;
Thence with said curie Wong an aft length of 31•42 feet and tliTa5811 a delta aogl+,ar 90 d'ilineii C01019111.4 t10 cods;
TIICCCU North 70 degrees Si minutes 33 tidimods Writ a dance of 7/.3S fot.for the beginning of a curve to the!eft with a radius cr
519.00 feet and whose chord bears North 80 degrees 29 minutes 54 seconds West at 173,79 feet;
Thence with said curve along an arc length of 174.61 feet and through a delta angle of 19 degrees 16 minutes 34 seconds;
Thence South 19 degrees Si minutes.13 seconds West a distance cf 152.91 feet;for the beginning of a curie to the right with a radius of
281.00 feet and whose chord bears North 91.degrees 49 minutes 23 seconds West at dl.,26 feet;
Thence with said curve along an arc length of 81.54 feet and through a delta angle of 16 degrees 37 minutes 36 second;for the
beginning of a curie to the left with a radius of 271.00 feet and whose chord bears North aa degrees 22 minutes 05 seconds West at
139.99 feet;
Thence with said tunas along an art length of 140,53(Oct and through a delta aegis of 29 degrees 43 minutes 00 seconds;
• Thence South 76 degrees 46 minutes 25 seconds West a distance eif 42.27 feet;
Thence North 68 degrees 43 minutes 44 seconds West a distance of 34.43 feet;
Thence hicrth 76 decrees 46 minutes 25 seconds last a distance cf 70.64 Feat;for the beginning of a curie to the right with a radius of
293.53 feet arid•iencrist chord hears South 88 degrees 72 minutes 115 seconds last at 148.99 feet;
Thence with avid curve along an arc length of 150.87 feet and through a delta angle of 73 degrees 43 minutes 00 sereentit for the
beginning of a curiae to the left with a radius of 261.50 feet and whose chord bears South 81 degrees OS minutes 50 seconds East at
6E.06 feet;
Thence with said curve along an arc length uf 69.26 feet and through a delta angle of 15 degrees 10 minutes 29 seconds;
Thence North 45 degrees 06 minutes IS seconds East a distance of 9.93 rout;
Thence North 45 degrees 08 minutes 11 seconds West a distance of 9.97 Met;
Thence South 89 degrees 51 minutes 49.seconds West a distance cf 38.53 feet;for the beginning el a curve to the right with a radius of
165.00 feet and whose chord bears North 7 1 degrees 43 minutes 12 seconds West at 291.25 feet:,
Thence with said curve along an arc length of 10647 feet and through a delta angle of 36 dearees 49 rotout es 58 wends;
Thence North 33 degrees 18 mioutes 13 seconds West a distance Of 1511,23!Cot;for tints beginning of a curse to the rigid with a ratilla%of
290,00 feet and whose chord bears North 47 degrees.51 minutes 00 seconds West at 53.17 feet;
Thence with said curie along an arc length of 55.21 feet and through a delta angle of 10 degrees 54 minutes 27 seconds;
Thence North 42 degrees 23 minutes 46 seconds West a distance of 218.71 feat;
Thence North 87 degrees 23 minutes 45 seconds West a distance of 14.1.4 feet;
Thence South 47 degrees 36 minutes 14 seconds west a distance of 60.013 feet;
1
/4 i\V--.•.;•.ii5irr,',.:4- A, MILLER
,,./„.......„,...„...4,..,,,„.,,
itc .. \ SURVEYING, INC
Ici6vir iai:34.67 )
)
II
Profess,'Pro:tidos.
z-----.-4-:„.•,..>„------xa- SF Exhibit Sheet 3 of 7 430 Mkt(1110 Nof•Num.toos 4054
817-S774852 t TALE No,10100400
millersurveymet
Job No. 19008.Plot File 19008 MF Exhibit
•
CITY POINT PUBLIC IMPROVEMENT DISTRICT •
42
SERVICE AND ASSESSMENT PLAN
TRACT SF-1
Thence South 02 degrees 36 minutes 14 seconds West istante of 24,14 feet
Thence North 42 degrees 23 minutes 46 seconds West a distance of 53.67 feet to the point of beginning and containing 110756 acres of
land,MCPe or less;
SAVE AND EXCEPT THE FOLLOWING DESCRIBED TRACT OF LAND:
Save A Except Tract-3.4E13 Acres:Being a tract of land out of the William W.Wa Ilace Survey,Abstract No,1106 and sltueted Ira the
City of North Riceland Kis,Torrent County,Texas,being surveyed by Miller Striating,Inc,of Hurst,TOM:.in Cetr.ber of 2019,said tract
being a portion of Lot 1,Block 3,City Point Addition,an addition to the City of North Richland Hills,fexas according to:he plat thereof
recorded as instrument No,07.141767.52 of the 010cial Pubic Records of said County,:and being more particularly described by metes
and bounds en foilmvs.
Commencing a:a crass ir,concrete found fcr the mast westerly corner of said Let 1,said cross being in the northeasterly right-of-way
line of City Point Drive from which a cress in concrete found for the most westerly southwest corner el said tot 1'bears South 42 dearten
23 minutes 46 seconds East at 570,51 feet;Thence North 56 degrees 10 minutes 58 seconds East a distance of 161.81 feet no the point of
beginning cinch tract described herein,said beginning point beieg tee begineine of a Were no the left with a radius of 441.50 feet.and
where chord bears North 34 degrees 56 rear ores 52 seconds East at 204,43 feet;
Thence with said curie along an arc length of 206,93 feet and through a delta angle el 24 degrees CO minutes 21 secends;
Thence South 55 degrees 12 minutes 33 seconds East a distance of 414.49 feet;fcr the beginning of a curve to the right with a radius of
232.00 feet and whose cherti beam South 47 cc:gives 39 mire:nee 43 sewed%f ast at 67_52 feet;
Thence with said curve along an arc length of 62,70 heel and through a delta are),"o125 degrees CIS minutes.39 seconds;
Thence South 40 degrees 06 minutes 54 seconds East a distance of 126.73 feet for the beginning of a curve to the right with a radius of
:113.110 feet and whose chord boars South 20 degrees 01 minutes 32 seconds East at 77.26 feet;
Thence with said curve along an arc length of 72.25 feet and thiceigh a delta angle 039 degrees 56 minutes 42 seconds;
Thonco Soolh 013 skgrrmns 09 mtmoas It.seconds lust a distance of 1E5.45 feet;
Thence South 39 degrees 51 minutes 49 seconds Went a distance of 62,713 feet;
Thence North 71 degrees 43 minutes 12 seconds West a distance at 38.38 feet;
Thence North 53 degrees 12 minutes 13 seconds West a distance of 418.58 feet;far the beginning ef a curie to the right with a radius of
210,00 feet and whose chord pears North 47 degree St minutes JO seconds West at 39-52 feet;
Theme with said curve along an arc[Ma I of 39.9B feet arid through a delta origin cr3 10 degrees 54 minutes 27 seconds;
Thence North 42 degrees 23 minutes 46 seconds Watts distance of 24824 feet to the print of beginning and containing 3.9613 acres el
land,more or less.
LEAVING A NET OF 15.1143 ACRES OF LAND,MORE OR LESS.
OF
MILLER
SURVEYING, INC
5665 •
Polex5111 Permian.
415 Mid[Ides filsd TeN,PS 7E054
SF Exhibit Sheet 4 of 7 aiz-vi-w•TY.1,5r No,10100400
millersurvey.net
Job No. 19008 • Plot File 19008 MF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
43
SERVICE AND ASSESSMENT PLAN
TRACT SF-2-
Tract SF-2-15.6585 Acres:Being a tract of land out of the William W.Wallace Survey,Abstract No.1606 and •
situated in the City of North Richland Hills,Tarrant County,Texas,being surveyed by Miller Surveying,Inc.of
Hurst,Texas in October of 2019,said tract being a portion of Lot 1R1,Block 3,City Point Addition,an addition to
the Gay of North Richland Rills,Texas according to the ptat thereof recorded as Instrument No.D219052181 of
the Official Public Records of said County,and being more particularly described by metes and bounds as follows:
Beginning at a crass in concrete found for the most northerly corner of said Lot 1R1,said cross being in the
southwesterly right-ct-way line of City Paint Drive;
Thence South 42 degrees 23 minutes 4E seconds East with said right-of-way fine a distance of 43.78 feet;
Thence South 48 degrees 20 minutes 24 seconds West a distance of 70.01 feet;
Thence South 02 degrees 58 minutes 19 seconds West a distance of 14.05 feet;
Thence South 42 degrees 23 minutes 46 seconds East a distance of 218.20 feet for the beginning of a curve to the
right with a radius of 290.00 feet and whose chord bears South 36 degrees 56 minutes 33 seconds East at 55.12
feet;
Thence with said curve along an arc length of 55.21 feet and through a delta angle of 10 degrees 54 minutes 27
seconds;
Thence South 31 degrees 23 minutes 19 seconds East a distance of 265.12 feet for the beginning of a curve to the
left with a radius of 85.00 feet and whose chord bears South 57 degrees 53 minutes 03 seconds East at 75.58 feet;
Thence with said curve along an arc length of 78.32 feet and through a delta angle of 52 degrees 47 minutes 28
seconds;
Thence South 84 degrees 16 minutes 48 seconds East a distance of 1.71 feet;
Thence North 54 degrees 09 minutes 28 seconds East a distance of 14.96 feet;
Thence North 12 degrees 35 minutes 44 seconds East a distance cf 87_SO feet;
Thence South 06 degrees 53 minutes 30 seconds East a distance cf 58.45 feet;
Thence South.12 degrees 35 minutes 44 seconds West a distance of 47.E5 feet for the beginning of a curve to the
left with a radius of 2"l1.00 feet and whose chord bears South D0 degrees 39 minutes 34 seconds East at 124.27
feet;
Thence with said curve along an arc length of 125.39 feet and through a delta angle of 26 degrees 30 minutes 35
seconds;
I Thence South 13 degrees 54 minutes 43 seconds East a distance cf 4:75 feet;
Thence South 89 degrees 35 minutes 31 seconds West a distance of 20.06 feet;
., , F MILLER
ff : S U R V E Y I N G, I N C
( JASON U.RAWLINGS
> aEES rrojessior,[lPrnrisiea
' s 13 Suiici --� 430 raid Clll^_s SLIT•Htnt,teas 16054
�� ,` SF Exhibit Sheet 5 of 7 817s77-1oc2.TtLcFNr.,1010o1ea
millersurvey.net
Job No. 19008 •Plot File 19008 MF Exhibit.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 44
TRACT SF-2
Thence North 13 degrees 54 minutes 49 seconds West a distance of 0.06 feet for the beginning of a curve to the
right with a radius of 290.50 fee:and whose chord bears North 09 degrees 02 minutes 26 seconds West at 49.36
feet:
Thence with said curve along an arc length of 49.42 feet and through a delta angle of 09 degrees 44 minutes 51
seconds;
Thence North 43 degrees 43 minutes 49 seconds West a distance of 15.20 feet;
Thence North 84 degrees 16 minutes 48 seconds West a distance of 1.76 feet for the beginning of a curve to the
right with a radius of 165,00 fee:and whose chord bears North 57 degrees 53 minutes 03 seconds West at 146.71
feet;
Thence with said curve along an arc length of 152.03 feet and through a delta angle of 52 degrees 47 minutes 28
seconds:
Thence North 31 degrees 29 minutes 19 seconds West a distance of 265.12 feet for the beginning of a curve to the
left with a radius of 210.00 feet and whose chord bears North 3E degrees 56 minutes 33 seconds West at 39.92
feel;
Thence with said curve along an arc length of 39.98 feet and through a delta angle of 10 degrees 54 minutes 27
seconds;
Thence North 42 degrees 23 minutes 4C,seconds West a distance of 219.22 feel;
Thence North 87 degrees 01 minutes 41 seconds West a disancc of 14.23 feet;
Thence South 48 degrees 20 minutes 24 seconds West a distance of 131.37 feet for the beginning of a curve to:he
left with a radius of 9S.0O feet and whose chord bears South 23 degrees 55 minutes 55 seconds West at 78.51
feet;
Thence with said curve along art arc length of 80.94 feet and through a delta angle of AE degrees 48 minutes 58
seconds;
Thence South GO degrees 28 minutes 34 seconds East a distance of 403.58 feet;
Thence South 89 degrees 36 minutes 31-seconds West a distance of 60.00 feet;
Thence South 00 degrees 28 minutes 34 seconds East a distance of 305.59 feet;
Thence North 89 degrees 21 minutes 20 seconds East a distance of 10.13 feet;
Thence South GO degrees 27 minutes 51 seconds East a distance of 417.22 feet;
Thence South 89 degrees 35 minutes SO seconds West a distance of 479.32 feet;
MILLER
*
SURVEYING, INC
r3,.RAWt
Pr sea.
_ ,417. 42- Prnfej
SF Exhibit Sheet 6 of 7 430 r4ld Cltle5 Blvd•Hurst,Twas 70054
31,-511-05/•lsLtf No.30109400
mIllersurvey.net
Job No. 19008•Plot File 19008 MF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
45
SERVICE AND ASSESSMENT PLAN
TRACT SF-2
Thence North 00 degrees 37 minutes 34 seconds West a distance of 482.31 feet;
Thence North 00 degrees 22 minutes 3E seconds West a distance of 530.79 feet;
Thence North 47 degrees 39 minutes 42 seconds East a distance of 413.12 feet for the beginning of a curve to the
right,with a radius of 250.00 feet and whose chord bears North 51 degrees 29 minutes 5E seconds East at 33.46
feet;
Thence with said curve along an arc length of 33.49 feet and through a delta angle of 07 degrees 40 minutes 29
seconds;
Thence South 42 degrees 51 minutes 3S seconds East a distance of 41.46 beet for the beginning of a curve to the
right with a radius of 200.50 feet and whose chord bears North 74 degrees 41 minutes 28 seconds East at 11.22
feet;
Thence with said curve along an are length of 11.22 feel and through a delta angle of 03 degrees 12 minutes 24
seconds;
Thence North 76 degrees 15 minutes 24 seconds East a distance of 251.04 feet for the beginning of a curve to the
left with a radius of 199,50 feet and whose chord bears North 61 degrees 57 minutes 18 seconds East at 98.6E
feet;
Thence with said curve along an arc length of 99.70 feet and through a delta angle of 28 degrees 37 minutes 59
seconds;
Thence North 48 degrees 20 minutes 24 seconds East a distance of 53.72 feet for the beginning of a curve to the
left with a radius of 20.00 feet and whose chord bears North 35 degrees 42 minutes 53 seconds East at 3.17 feet;
Thence with said curve along an arc length of 8.23 feet and through a delta angle of 7.3 degrees 34 minutes 41
seconds and containing 15.6585 acres of land,more or less.
TRACT SF-3
Tract 5F-3-5.8974 Acres:Being a tract of land out of the William W.Wallace Survey,Abstract No.160E and
situated in the City of North Richland Hills,Tarrant County,Texas,being surveyed by Miller Surveying,Inc.of Hurst,
Texas in October of 2019,said tract being all of Lot 2,Block 1,City Point Addition,an addition to the City of North
Richland Hills,Texas according to the plat thereof recorded as Instrument No.021•125258 of the Official Public
Records of Tarrant County,Texas.
,,. ...,,�tisfi:p'41%.
MILLER
NI\
/Y 1 SURVEYING, INC
r rill.0 E.Ri.`.14.INGS Y p
. - , \1/4rinp5vrtnril Prisa5en i
- 5665 li
" � f SF Exhibit Sheet 7 of 7 430 hill rides 61vd.Hurst,Texas 7E654
t1i—X1/ID 1•TTttcE Nu.101004t9
mitlersurvey.net
Job No. 1900E•Plot File 19008 MF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 46
, .
EXHIBIT A-5- MULTIFAMILY TRACTS LEGAL DESCRIPTION
Tract MF-1 -3.9E13 Acres:Being a tract of hand out of the William W.Wallace Survey,Abstract Nu.1606 and situated in the City
of North Richland El;Lis,Tarrant County,Texas,being,surveyed by Miter Sur:eying,Inc.of Hurst,Texas in Cctober of 2219,said
tract being a portion of Lot 1,Blork 3,City Point Addition,an addition to the City of North Richland flits,teems according to the
plat thereof recorded as Instrument No.0214125252 of the Cflicial Public Records of said County,and being more particularly
described by metes and bounds Sc follows:
Commencing at a cross in concrete found far the most westerly corner of said Lot 1,said cross being in the northeasterly
right-of-way line of City Point Drive front which a cross ir concrete found for the most westerly southwest corner of said Lot 1
bears South 42 degrees 23 minutes 46 5eGunda East at 570.51 feet;Thence North 56 degrees 10 minutes sa seconds East a
distance of/61.51 feet to the point of beginning of the tract described herein,said beginning point being the beginning of a
curve to the left with a radius of 491.50 feet and whose chord bears North 34 degrees 56 minutes 52 seconds East it 204,43 feet;
Thence with said curve along an arc length of 205.93 feet and through a delta angle of 24 degrees 00 minutes 21 seconds;
thence South 55 degrees 12 minutes 33 seconds East a distance 131414,49 feet;for the beginning of a curve to the right with a
radius of 232.20 feet ad whose chord bears South 47 degrees 33 minutes 43 seconds East at 62.52 feet;
Thence with said curie along en arc length of 62.70 feet and through a delta angle 0115 degrees 05 minutes 39 seconds;
Thence South 42 degrees 06 minutes 54 seconds East a distance of 126.73 feet;for the beginning of a curve to the right with a
radius of 113.na feet and whose chard bears South 20 degrees 07 minutes 32 seconds East at 77,2,6 feet;
Thence with said curve atone an arc length of 75.25 feet and through a delta angle of39 degrees 58 minutes 42 seconds;
thence South 00 degrees oa minutes 11 seconds East a'distance of 185.55 feet;
Thence Sciuth 29 degrees 51 minutes 49 seconds West a distance of 61.7a feet;
thence North 71 degrees 43 minutes 12 seconds West a distance of 18.92 feet;
Thence North 53 entrees 12 minutes 13 seconds West a distance of 415.58 feet;fur the beginning eta curve to the right with a
radius of 210,00 feet and whose chord beats North 4/degrees 51 mlnutes 00 seconds West at 39.92 feet;
Thence with said curve along an arc length of 39.98 feet and through a delta angle of 10 degrees 54 minutes 27 seconds;
thence North 42 degrees 23 minutes 46 seconds West a distance of 248,24 feet to the point of beginning and containing 3,9613
acres af land,more or less.
77........,...s„,,—__L--.,............\.....„N\
MILLER
' 41:"..',-.,-„--.'-'....4..t.:::6./11171:.*9F ::) SURVEYING, INC
\ OiPEt440417
\
Prefessireeg
r feerhira
\-V".„:),:f6 4\1,.„.....c-4-•-i' li
430 Mla ales alvd•lierst.tex,r;liA154
-----,:.,.. .4-_,------- ME Exhibit Sheet 2 of 3 817-571-105?.'Nig'Ilc.101001C0
millersurvey.net
Job No. 19008 •Plot File 19008 MF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
47
SERVICE AND ASSESSMENT PLAN
•
Tract NIF•2•4.5714 Acres:Being a tract of land out of the William Y.Wallace Survey,Abstract No,1606 and situated in the City
of North Richland Hills,Tarrant County,Texas,being surveyed by Miller Surveying,Inc.of Hurst,Texas in October of 2019,said
tract being a portion of Lot 181,Block 2,City Point Addition,an addition to the City of North Richland Hulls,texas according to
the plat thereof recorded as Instrument No.0219052181of the Official Pubic Records of said County,and being more
particularly described by metes and hounds as follows:
Commencing at a cross in concrete found for the most easterly corner of said tot 1111,said cross being in the southwesterly
right-of•way line of City Point Drive from which a steel rod found for the southwest corner of said Lot 181 hears for the most
westerly.southwest comer of said Lot 152 of said 8locx 2 bears Smith 89 degrees 36 minutes 31 seconds West at 575.49 feet;
thence South 89.degrees 36 minutes 31 seconds West a distance of 20.06 fort to the point of beginning of the tract described
herein;
Thence South E9 degrees 36 minutes 31 seconds West a distance of 595.44 feet,:
Thence North 00 degrees 28 minutes 34 seconds West a distance of 403.58 feet for the beginning of a curve to the right with a
radius of 95.00 feet and whose chord bears North 23 degrees 55 minutes 55 seconds East at 78.51 feet;
Thence with said curve along an arc length of 80.94 feet and through a delta angle of 48 degrees 48 minutes 58 seconds;
Thence North 48 degrees 7.0 minutes 24 seconds East a distance of 131.37 feet;
Thence South 07 degrees 01 minutes 41 seconds East a distance of 14.23 feet;
Thence South 42 degrees 23 minutes 46 seconds East a distance of 219.22 feel for the beginning of a curve to the fight with a
radius of 210.0e feet and whose chord bears South 36 degrees 55 minutes 33 seconds East at 39.92 feet;
Thence with said curve along an arc length of 39.98 feet and through a delta angle of 10 degrees 54 minutes 27 seconds;
Thence South 31 degrees 29 minutes 19 seconds East a distance of 265.12 feet for the beginning of a curve to the teft with a
racius f 165.00 feet and whose chord bears South 57 degrees 53 minutes 03 seconds East at 145,71feet;
Thence with said curve along an arc length of 152.03 feet and through a delta angle of 52 degrees 47 minutes 28 seconds;
Thence South 84 degrees 1.6 minutes 48 seconds East a distance of 1,76 feet;
Thence South 43 degrees 43 minutes 49 seconds East a distance of 15.20 feet for the beginning of a curve to the left with a
radius of 290.50 feet and whose chord bears South 09 degrees 02 minutes 26 seconds East at 49.36 feet;
Thence with said curve along an arc length of 49,42 feet and through a delta angle of 09 degrees 44 minutes 51 seconds;
Thence South 13 degrees 54 minutes 49 seconds East a distance of 0.06 feet to the point of beginning and containing 4.5719
acres of and,more or less,
OF
MILLER
I * \ SURVEYING, INC
13.F.I.AWLINGS
566-5-
PrIessianiPrvthlsnri.j
MF Exhibit Sheet 3 of 3 141d Chins 131W•Hurst,loss;054
81/41,-4(.152,•f.t5116).Inionem
millersurvaymet
Job No. 19008 • Plot File 19008 MF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 48
EXHIBIT A-6-COMMERCIAL TRACTS LEGAL DESCRIPTION
Tract CO-1 -2.1:1615 Acres:Being a tract of land out of the William W.Wallace Survey,Abstract Nc.1606 and situated in the City
of North Richland Hills, farreet County,lexes,being surveyed by Miller Surveying.,Inc.of Hurst,Texas in October cf 2019,said
tract being a portion of Lot L,Block 3,City?rent Addition,an 2 ddition to the City of North Richland Hills,Texas according te the
plat thereof recorded as Instrument No.021412.525i6 of the Official Publie Recerds of said County,and being more particularly
described by metes and['minds as fcllews:
Deginning al a 2 Inch aluminum monument found fcr the most northerly corner cf said Lct 1,said menurnent being the
intersection of:he southeasterly right-of-way line cf Elculevard 26 ffexa.s Highway N .25)and the southwesterly right-of-way
line of Rodger eine Drive and also being the beginning of a curve to the left with a radius cl 457.10 feet and whose chord bears
South 50 degrees 14 minutes 18 seconds East at 77.74 feet;
Thence southeasterly with the northeasterly boundary line of said Lot 1 and said southwesterly right-of-way line and with said
curve along ors arc length of 77,83 feet and through a del:a angle cf 119 degrees 37 minute,.50 seconds to a 2 inch aluminurrt
monument found for the end cf s-ard curve;
Thence South 55 degrees 05 minutes 18 seconds East.a distance of 439,35 feet;
Thence South 10 degrees 30 minutes 53 seconds East a distance cf 14.24 feet;for the beginning of a curve to the right with a
radius of 12103 feet and whose chord bears South 38 degrees 14 minutes 57 seconds West at 11.33 feet;
Thence with said curve along an arc length of 11.34 feet and through a delta angle of 05 degrees 24 minutes SO seconds for the
beginning of a curve Lo the right with a radius of 10.50 feet and whese chord bears North 79 degrees US minutes 01 seconds
West at 14.20 feet;
Thence with said curve along an arc length of 16.42 feet and through a delta angle of 89 degrees 37 minutes 24 secends;
Thence North 34 degrees 14.minutes 15 seconds West a distance cf 2.22 feet;
Thence South 55 degrees 45 minutes 45 seconds West a distance of 15.00 feet;
Thence South 34 degrees 14 minutes L5 seconds East a distance ref 17.19 feet for the beginning of a curve to the right with a
radius of 120.00 feet and whose chord bears South ED degrees 55 minutes 28 seconds West at 31.99 feet;
Thence with said curve along an arc length of 32..02 feet and through a delta angle of 15 degrees 19.minutes 37 emends for the
beginning of a curve to the left with a radius of 180,03 fee:and whose chord bears South 55 degrees OD minutes 47 seconds
West at 84.51 feel;
Thence with said curve along an arc length of 85.30 feet and through a delta angle of 27 degrees 09 minutes 38 seconds;
Thence South 82 degrees 18 minutes 55 seconds West a distance of 14.75 feet;
Thence North 55 degrees 12 minutes 33 seconds West a distance cf 448.50 feet:for the beginning of a curve to the kit with a
radius of 47,50 feet and whose chord bears South sa degrees 24 minutes 07 seconds West at 55.36 feet;
Thence with said curve along an arc length of 50.34 feet and through a delta angle cif 72 degrees 46 minutes 41 seconds for the
beginning of a curve to the left with a radius of751.00 feet and whose chord bear,:South 47 degrees 42 minutes 13 seconds West
at 37.72 feet;
Thence with said curve along an arc length of 37,76 feet and through a delta angle of OR degrees 37 minutes 38 seconds;
Thence North 41 degrees 26 minutes 20 seconds West a distance cf 3217 feet to a 2 inch aluminum monument found in said
southeasterly right-cf-way line cf Doureverd 26;
Thence North 47 degrees 46 minutes 21 seconds East with said southeasterly right-of-way tine a distance of 83.10 feet to a 5/8
•
inch steel red teurid;
Thence North 52 degrees 17 minutes 17 seconds East continuing with said southeasterly right-of-way line a distance of 150.9e
feet to the point of beginning and containing 2.0615 acres cf land,mere or lees.
MILLER
SURVEYING, INC
JA9.1.1.B.RA.fl.11I6S
%,..0 5665 oY/
Froles.i:sololl Pmericior.7.
430 Mk Cele;3Iva•Hurst,Texas 75054
CO Exhibit Sheet 2 of 4 su-s-Thice.TxLSF MGM°
millersurveynet
Job No. 19008•Plot File 19008 CO Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
49
SERVICE AND ASSESSMENT PLAN
Tract CO-2-1.3791 Acres:Eeing a tract of land cut of the William W.Wallace Survey,Abstract No.1636 and situated in the City
•of North Richland Hills,Tarrant County,Texas,beMg,surveyed by rvlilier Surveying,Inc.of hiurst,texas in October of 2(119,said
tract being a portion of Let 1,31ock 3,City Point Addition,an addition to the City of North Richland hills,Texas according to the
plat:hereof recorded as Instrument No,D21412S268 of the Official Public Records of said County,and being more particularly
described by metes and bounds as follows:
Beginning at a cross in concrete found for the most southerly southwest corner of said Lot 1,said cress being the southeasterly
end of a corner clip for the northeasterly right-cf-way line of City Point Drive IF.ast)and the northeasterly right-of-way line of City
Point Drive;
Thence North 58 degrees 43 minutes 44 seconds West with the southwesterly boundary line of said Lot 1 and with said corner
olio a ftstance 0'55.15 feet to a c-ros5 in concrete found for the northwesterly end thereof;
Thence North 42 degrees 23 minutes 46 seconds West continuing with said southwesterly boundary line and said northeasterly
right-cf-way line a distance of 616,84 feet;
Thence North 02 degrees 36 minutes 14 seconds East a distance of 14,14 feet;
Thence North 47 degrees 35 minutes 14 seconds East a distance of 60..00 feet;
Thence South 3i degrees 23 minutes 46 seconds East a distance of 14.14 feet;
Thence South 42 degrees 23 minutes 45 seconds East a distance cf 218.71 feet far the beginning of a curve to the left with a
radius of 290,00 fee:and whose chord bears South 47 degrees 51 minutes 00 seconds East at 65,12 feet;
Thence with said curve along an arc length of 55.21 feet and through a delta angle of10 degrees 54 minutes 27 seconds;
Thence South 53 degrees 22 minutes 13 seconds East a distance of 350.23 feet for the beginning cf a curve to the left with a
radius of 165,00 fee:and whose chord bears South 71 degrees 43 minutes 17.seconds East at 104.25 feet:
Thence with said curve along an arc length of 106.07 feet and through a delta angle cf36 degrees 49 minutes 58 seconds;
Thence North 89 degrees 51 minutes'49 seconds East a distance of 58.53 feet;
Thence South 45 degrees 08 minutes 11 seconds East a distance of 9.97 feet;
Thence South 45 degrees 36 minutes 15 seconds West a distance cf 9.93 feet;for the beginning of a curve to the right with a
radius of 261.50 feet and whose chord bears North 81 degrees 06 minutes SO seconds West at 69,06 feet;
Thence with said curve along an arc length of 59.26 feet and through a delta angle of15 degrees 10 minutes 29 seconds for the
beginning of a curve to the left with a radius of 290.60 feet and whose chord bears North 88 degrees 22 minutes t15 seconds
West at 148.99 feet;
Thence with said curve along an arc length of 150.57 feet and through a delta angle cf29 degrees 43 minutes GO seconds;
Thence South 76 degrees 46 minutes 25 seconds West a distance cf 70,64 feet to the point of beginning and containing,1.3971
acres of land,mare or less.
MILLER
SURVEYING, INC
I.,.msoN EL RAWLINGS Y
\I:(.9,;-1 .1ss'i0V-ril Profeuf cii1 Pre
----
---- CO Exhibit Sheet 3 of 4 419 Mid CHIT,31d•Hurst,lerr.3.1,r1:054
811.-5n-I09•imiSiNc.10100.100
mlllersurvey.net
Job No. 19008- Plot FIle 19008 CO Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 50
1
Tract CO-3•L3215 Acres:Being a tract of land out of the+Nihau+W.Wallace Suivey,Abstract No.1606 and situated in the City
of North'Richland Hills,Tarrant County,Texas,being surveyed by Miller Surveying.Inc.of Hurst,Texas in October of 2013,said
tract being a portion of Lot 1R1,Sleds 3,City Point Addition,an addition to the City of North Richland Mills,Texas according to
the plat thereof recorded as Instrument No.0219032181 of the Official Public Records of said County,and being more
particularly described by metes and bounds as follows7,
Beginning at a cross in concrete found for the most easterly southeast corner of said Lot 1R1,said cross being the northwesterly
end eta corner rho for the southwesterly right-of-way line of City Point Drive and the rorthwesterly tight-of-wey!ine of City
Point Drive West;
Thence South OC degrees 33 minutes 30 seconds East with said corner clip a distance of 47.44 feet;
1 hence South 12 degrees 35 minutes 44 seconds West a distance of 87,50 rein;
Thence South 54 degrees 03 minutes 7,8 seconds West a distance of 14.95 feet;
Thence North 84 degrees 16 minutes 48 seconds West a distance of 1.71 feet for the beginning of a curve to the right witn a
radius of 85.011 feet and whose chord bears North 57 degrees 53 minutes 03 seconds Wait at 75.58 feet;
Thence with said curve along an arc length of 78.32 feet and through a delta angle of52 degrees 47 minutes 28 seconds;
Thence North 31 degrees 25 minutes 19 seconds West;distance of 265.12 feet for the beginning of a curve.to the left with a
radius of 230.00 feet and whose chord bears North 36 degrees 56 Minutes 33 seconds West t 55.12 feet;
Thence with said curve alone,an arc length of S5.21 feet and through a delta angle of10 degrees 54 minutes 27 seconds;
Thence North 42 degrees 23 minutes 4€seconds West a distance of 218.20 feee;
Thence North 02 degrees 58 minutes 19 seconds East a distance of 14.05 feet;
Thence North 48 degrees 20 minutes 24 seconds Sad,a distance of 70.01 feet to said southwesterly right-of-way line of City Point
Drive;
Thence South 42 degrees 23 minutes 45 seconds East with said southwesterly right-of-way line a distance of 529.37 feet to the
point of beginning arid containing 1,3215 acre;of Lard,more or less.
MILLER
i c•S.eiifc'c5‘.,,I,:kS:cse:.9.cp \
SURVEYING, INC
JASON B.RAWLINGS,;)
II
‘ ‹i't9P7--,-,o0 Proffri6r7 PreCisim
/1/t;•.,-,e."-:;6--k,
--,..:.. SURN7:.„---- CO Exhibit Sheet 4 of 4 430 IAN(Illes a lud•llurst,1exas 7S054
817-577-1952.TxLSF Na,10iD0400
millersurvey.net
Job No. 19008. Plot File 19008 CO Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
51
SERVICE AND ASSESSMENT PLAN
EXHIBIT B-1— MAP OF THE DISTRICT
‘ . _ ,. , . .. . .. . .. .
,..
---. - ,- -
,•:,.
e. ,‘,.. • •
'''',1
/0","z• _ -`,..,„:',-•‹. e
-...
\ .,''•• ....:,' i ' , ..:---
,/,, =,. ..:==7,,r1 '-.717!",; ----
: ,,,' - ' -.--/. ,...1
.''. . 7/ ".". .,
./ ' `.r.
N,' ) /
.._, .
.--- ,,s:•
„ ...
,....
;I,/
,
'.
.
:77,-IiI. -
N ,,, / ,,,,;',/'4
,
(7'''''''ek,,,\
,
I \..7'''- /06,0,0•41,-,, 2,','-. ',,,\\-\'''..,N.? '
;,-",-,„„ ss\',> ,S-rz,;\ ,'V - -_
' -6 ,‘--,-4,‘„ ft,',,',/,
'Ci'''' 'tf`I''''''''' 0 ,',--
7_, ,--,-,M.,,— '.,.
, ___.„, - _ ..,-,:, -„,„`,,,,,ppe.:''s\- ,\_';',---,-,,,, , ,,,i,' J'''''"'-• i', ' ,
.v, -,;. , --_,-,-,- "Z", . ,,,,:-7,,,-- ;___,:,•_--.7•••,.._ _ 'JR., ‘' , .,
..,,
,i;,,1 ,...1.2. -Ns .
.,,.,t„, if.,,,,,,, 177':',,,:;"/
illliid i ' ...,"' , 4k7,7p,
' 101111111111111111011,4,'''' '." 0. '"":',.i. ..•..
''"7.
; ; ;;Ir ' '. ''""'
'
1 114, ..c--L- ''''"-•' ''''''''—' ,-'s "---- '! , ilfl , •\ ; mo...rt.
•\ '
,, 044141111140' i -,-- •\ ' (41,
offirnura0
V.,:,, i NM.=CM 5010.1,163.11.7
! ii".,. ''•„„ i?I - : '''''' ii,I.i e"! .,.. t , .1 .,„ ,ine4!,_ Fir _ f9111014011401....nritilOOR
\ 11-,7,1
r...,,...\.4.?"
1
i t-otr-- •-•, , 1 1%1 _'..,4 -=_'FI, 1'iil 1 ,
Itti •---------•
VP'
la i ' .M.-.11-
; V16
•1 , ,, ___ 11 1 $$—71 ,...- .
.111.-MIN. 111111-M.-
AIM
I . . ..
I 1. ..1 . _ ' I"''1 I I r —.===,-----,- -..i---..— OF=1,101111-1•11-1•11-M-1111“111-11M4
, : MO atiMiS 1,9 Kenr.113-1[17.113,4....1.1.0.0 .
I ,-","`,7-1"ff :,,- I - -
, ',.., i i - -1 f 1
I ;
1 '
+ I ,
: 1 !
CITY POINT PUBLIC IMPROVEMENT DISTRICT
52
SERVICE AND ASSESSMENT PLAN
•
EXHIBIT B-2- MAP OF IMPROVEMENT ZONE A
,,,�
I ,t i
\, - ' �; j
/.---7,--t----..,\--
�AI LLER
✓ 2.. ^( � _._ -.— S^U R V E Y 1 N G, INC
North \\Pmfeworrol Prec..9 i
ti
sl‘
�t� , <<"/?• A � k �y 4391+1Id 1911%A•Hurs,St.ATLCW
=.+— \ \�,, d0 /� ``'�q 7'". `' J'''''�', �. °�, mllleraurvlY-net
II ) \ / N / 1 PROVE 4 NT
/' \\ 'i\ ! ZONE A e 1 t
�,�C 14758 CRFS
{ / f \ _ p
I
\ / ,
\ JASON B RAWLINGS
S 4.
v r
` es V,y0„// v ' y SL
im,_! �
._, ...,) i `.
r--, 4 ilt h`
1 k. ZONEA j« I ,`
9187gACRES '--. \—
f,?1-1J4 t'cLI 11,1_t..i_ 1
l .14- iTot.u. T11 �atr4irgi tIAiictt,I i j
Ai I
4I ,ynM '.5 iF
01 r�1 ,'� I
L !sit, _ 11 111.11 I
1 ^I
r
n
rl MTI{: I
,r
_,_i.11 b_i..L4 t f?. J I
I_ ______._ .— Job No.190089•Plot File 19008 NIA-A
CITY POINT PUBLIC IMPROVEMENT DISTRICT
53
SERVICE AND ASSESSMENT PLAN
EXHIBIT B-3- MAP OF IMPROVEMENT ZONE B
\\ 1,b
\ �\ / ` f ✓;✓
✓ / I r!
Kf `'N, r�`\. .. iMLLL
ER
RV VING,
N C
11
G l F1 mPrttLJra
North �f� E �
= ' - ` Q / ��c �/ l \ 43BM1AIA Chin.Blvd•Nwse.Icestt�
BI 7-S77.11OR•Tx131 O.10100411
. mllleraurvey.nelII / \ ''l4-.;: t1Yk�iN10N1n> 7„
> AT
fit} _� /�`'.'e� , fio 9r
! � �\ i CID_.. ' \ JASON B.R WLINGS
f r kk 0zi
Prl \\ I j r 7 f URv
v
..„
OB 1 ,,,
/
f a . __,,r,,,,.....,„„ ,
......, i
,:,... 1
„., � lcusd r l i .._...J , \
:✓ ,IMI'no%l:MI:N1'Lain'u
--- 44.4d4\C I S. I ..._'. 11..
GIFTTh
r,.., \\.\\\
, . , L1 T�.�, .r i Ti x -_--,:i ::-_-_-----ri\ \ ,
, ‘,.., Tr--
ILI INT [Thl
t-t_____
�,1 JA
IMPR()Y MINiI 'MOEn
1 111.11 f 1 1�.-w I , I r_�I� ,, ►{
Ti 1 I
I U:1.a i 1 .`r ;1+ I
II/7...Idlµ�,�h5. r__.._.�_ I
araeJ ueel t,:.L
Job No,19008•Plot File 19008 NIA-8
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 54
EXHIBIT B-4— MAP OF SINGLE FAMILY TRACTS
/ ,/ `.
oFeet 300 600 ,~`Nt// �.p� ✓'• f
r=300'on 0rj0InaI Print
\ ''''\ ///:;::,c9/1'///
North `4. s� 3 IZEs,
+—�� JJr S, `� n� ,��_� ,;:; M1tR
11 / _rg 1 / �- \,. f� ./ 1 5 U; V E Y I N G• I N C
edn/ rase In ir,„ . i{'�.1�,_. 1 pA
cf d ✓ 14 ,kir.rwensrna
f P(aiY ������, ! \� I � = ♦ 4 Inu n1•a �ursr.1..7E 54
Lryss In ." •Y ., `I I i I }( -- eIz-smtasd•r.sF ea UJ1OO4rh7
Cana E Iuuni\ C ' fir¢' �i.l--l...�.l...l� "J ��_ rrt111araurvey.net
�� \��. .'a,� (Trip i--) \
/ ,,, �s. (i i'�I' �� ��
/ �!/., 'w. L 11 - 1. ;k.� llii 11l112�=
<J A -- -�..,.urr rrnrarni:. �A
/1 /� \ //
i ._• - J c' eni e la iuuM ry __ \ � MCP E�rsia fit-5�r
i F - 7JAS' �`r
ON B,fL1WLINGS
ISTi58� A�i�F. r ,.._� r��� '� pct-
e 5665 r
I I JTI 1 .PppFSS,O�P .
l \Trfl_ 1
, SF
LT i f(liai ti e+J r c iTs; 'I }
C['I� T-TI 7�T����TTTTTT111T77 �,
l l l l l I 1 !-,. by N �_sExiI.IS�(.�.0__a_I ,1
C1.[1T 1I11]_U li__ -- I T-1,j 5 l 1' I—
I
SF Exhibit Sheet 1 of 7
1
Job No.19008•Plot File 19008 SF Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 55
, .
EXHIBIT B-5- MAP OF MULTIFAMILY TRACTS
/ -
/ \
\ „,,,,,, I., ,, \/ / i•x„..., . ----c.,/,./.
91 \ ,./. • //./N
/7, ,c •-•.`\._______,--\
\ / , `:•// x\\
/ ../
/ *0 .,..--\ Yi.ee' \\\>,.c/'...--
a•.i. POD
/- ErtAs.. '6,"--1)'
i CO4Ti'Ll?Nine \alla..\„...., .7
7
/// TRACT 411F-1 l>/
N 3.11613 ACRES
./
/
../
,t
\ la))-''N'v i I
, ,--- ,
_____7 \ ..•` ''''; ,
(--
,---
(
------"---„,,/
id
1...Q
(ta.4--"-- __. ----- •‘'---•=-,1
____,t2L..-POBVTDRI trz.
\ moirrix ruxel -------- rpm, ‘---"7---
\1, .-,'-' ---'-`-.-----
---,.
— TRACT M F-2
4 T.'49 ACRES ;01
, ---
r . ;
'
1 P411
-
POB44........ y•-' *,....1.001
IIIS 139`3511'`..7 f,75_41' S 59'4714'V/2dr
- .._
, \ \/,----,-----;
.: JASON B.RAWLINGS)) ,F \
M I L L E R
North \---.7----§,g-----77
•. -SURVEYING, INC
II_...-_-- ..---I--
.. s$0..V..1,'Y ,xles$1,,NIRI A-tsli.,,,,.
li \-..\-k...d ij-ii\
viti CRIK elvd.11w,T.reilS TM-1
c Feet 2.00 400 017-577-702•7)-197 14.13133 i CZ
Vi12611 millinery ey_net
l'-20C'3n Original Print
NE,Exhibit She I of 3 J:3 Mo.19C CB•Plot File 1933 Mr Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 56
0
. EXHIBIT B-6— MAP OF COMMERCIAL TRACTS
Ns,
N.> / il
'N'N'PeV,,
7
/ I
/ I,•„, i
/
, /„/ — TRACT CO-I
/ k) ,,'.
/ 10 ,,,e
/ / /f
\
/ .ek'''' \‘/ / /.. /, . ...„.,
\ •-•;:i-ci 111,,,
\ ,
,.."/ / 7N. ,.
'1,-;
\/
\ / • ''''.\: \- .,-- ___-
\
/ \ /
„...-
"s
/_
/
s-6
%,-te,
i \ pv
]..
I
TRACT CO-3
LT2E3.kC,D.ES 1 / - CITY POIIIiiD1-71-lc"--- I Pow.-- 4.,1.,_,‘",/,,,,,,,_,-- ----., •
/, TRACT CO-2
' ) 7
...
— 1 I
li
11- r--,— - -- -_
— -,
M I L L E R
North /..2 * --, \
\..,....iMaAVILINCS
SURVEYING, INC
=-_—_,±—
II
II \c,,or,,,,,miixi-.0 .i ri,imsTkauli2rerorr.
CI Feet 200 400 ,i,30 3,111 thIsn Stdd•Hurst.Tms.7E04
• • ,• • 10- -- -' - 811-17;61{Et•N NN Y :010e400
• • • • • 1••••• mill grourvev.not
l''=200 on Original Print •
CO Exhibit Shoot 1 of 4 Job No.19caa•Plot File 19aoa co Exhibit
CITY POINT PUBLIC IMPROVEMENT DISTRICT
57
SERVICE AND ASSESSMENT PLAN
EXHIBIT C-AUTHORIZED IMPROVEMENTS
AutItorized.lmprovements- 1 •
Tota)- . ,,
Total Costs . Authorized .• `. ` ,µ ,.=t �
Public Improvements' ,Improvements % Cost ' % Cost ,' 9.. Cost ,
Roads $ 4,001,202 $ 4,001,202 58.04% $ 2,322,316 26.62% $ 1,065,283 15.34% $ 613,603
Water 947,369 947,369 58.04% 549,857 26.62% 252,228 15.34% 145,283
Sanitary Sewer 869,245 869,245 58.04% 504,514 26.62% 231,428 15.34% 133,303
Storm Drain 919,229 919,229 58.04% 533,525 26.62% 244,736 15.34% 140,968
Landscaping,Entryway,Open Space,and Park Improvements 320,000 320,000 58.04% 185,729 26.62% 85,197 15.34% 49,073
Soft Costs2 2,154,474 2,154,474 58.04% 1,250,467 26.62% 573,609 15.34% 330,399
$ 9,211,518 $ 9,211,518 $ 5,346,408 $ 2,452,481 $ 1,412,629
Private Improvements'
Private Improvements $ 4,678,056 $ - 0.00% $ - 0.00% $ - 0.00% $ -
$ 4,678,056 $ - $ - $ - $ -
District Formation and Bond Issuance Costs"
Debt Service Reserve Fund $ 854,101 $ 854,101 $ 479,492 $ 210,890 $ 163,719
Capitalized Interest 424,871 424,871 244,708 111,216 68,947
Underwriter's Discount 347,400 347,400 201,000 91,800 54,600
Cost of Issuances 683,078 683,078 392,447 177,835 112,796
Prefunding of Prepayment Reserve 57,900 57,900 33,500 15,300 9,100
Additional Proceedss 1,133 1,133 2,446 478 (1,791)
$ 2,368,483 $ 2,368,483 $ 1,353,593 $ 607,519 $ 407,371
Total
$ 16,258,057 $ 11,580,001 $6,700,001 $ 3,060,000 $ 1,820,000
Notes:
1)Source:Estimated development costs provided by the Developer on October 10,2019.
2)Soft Costs includes engineering,construction staking,maintenance bond,district formation costs,and contingency.
3)Allocation of Authorized Improvements and District Formation and Bond Issuance Costs based projected buildout value of Single Family Tracts,Multifamily Tracts,and Commercial Tracts provided by
MM City Point 53,LLC.
4)Source:Hilltop Securities project financing summary dated December 9,2019.
5)First year Annual Collection Costs and additional proceeds are included as part of Cost of Issuance.
•
CITY POINT PUBLIC IMPROVEMENT DISTRICT 58
SERVICE AND ASSESSMENT PLAN
EXHIBIT D-SERVICE PLAN
° Improvement°Zone°A -
Principal $ 70,000 $ 80,000 $ 80,000 $ 85,000
Interest 99,080 142,106 138,694 134,794 130,894
Capitalized Interest (99,080) - - - -
(1) $ - $ 212,106 $ 218,694 $ 214,794 $ 215,894
Additional Interest (2) $ - $ 13,075 $ 12,725 $ 12,325 $ 11,925
Annual Collection Costs (3) $ - $ 13,821 $ 13,966 $ 14,077 $ 14,185
Total Installment Due (4)=(1)+(2)+(3) $ - $ 239,002 $ 245,385 $ 241,196 $ 242,004
A . .
lirproVerr ent 2cing B
a .e
- - .
Principal $ - $ 135,000 $ 145,000 $ 150,000 $ 160,000
Interest 325,790 467,269 461,194 454,669 447,919
Capitalized Interest (325,790) - - - -
(1) $ - $ 602,269 $ 606,194 $ 604,669 $ 607,919
Additional Interest (2) $ - $ 44,825 $ 44,150 $ 43,425 $ 42,675
Annual Collection Costs (3) $ - $ 47,380 $ 48,458 $ 49,596 $ 50,762
Total Installment Due (4)=(1)+(2)+(3) $ - $ 694,474 $ 698,802 $ 697,690 $ 701,356
CITY POINT PUBLIC IMPROVEMENT DISTRICT
59
SERVICE AND ASSESSMENT PLAN
EXHIBIT E-1—SOURCES AND USES OF FUNDS BY TRACT
$purces:of` emds
•
Improvement Zone A Bond $ 795,000 $ - $ 1,820,000 $ 2,615,000
Improvement Zone B Bond 5,905,000 3,060,000 - 8,965,000
Owner Contribution -Authorized Improvements - - - -
Owner Contribution- Private Improvements' 2,715,166 1,245,489 717,402 4,678,056
Total Sources $ 9,415,167 $ 4,305,489 $ 2,537,402 $ 16,258,057
Uses of Funds.
Public Improvements $ 5,346,408 $ 2,452,481 $ 1,412,629 $ 9,211,518
Private Improvements 2,715,166 1,245,489 717,402 4,678,056
$ 8,061,574 $ 3,697,970 $ 2,130,031 $ 13,889,574
PID Formation and Bond Issuance Costs
Reserve Fund $ 479,492 $ 210,890 $ 163,719 $ 854,101
Capitalized Interest 244,708 111,216 68,947 424,871
Underwriter's Discount 201,000 91,800 54,600 347,400
Cost of Issuance 392,447 177,835 112,796 683,078
Prefunding of Prepayment Reserve 33,500 15,300 9,100 57,900
Additional Proceeds 2,446 478 (1,791) 1,133
$ 1,353,593 $ 607,519 $ 407,371 $ 2,368,483
Total Uses $ 9,415,167 $ 4,305,489 $ 2,537,402 $ 16,258,057
Notes:
1)Owner Contribution for Private Improvements is non-reimbursable, and the Owner will not deposit cash with the City for Private
Improvements.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 60
SERVICE AND ASSESSMENT PLAN
EXHIBIT E-2-SOURCES AND USES OF FUNDS BY IMPROVEMENT ZONE
I
Sources of'Funds
Improvement Zone A Bond $ 2,615,000 $ - $ 2,615,000
Improvement Zone B Bond - 8,965,000 8,965,000
Owner Contribution-Authorized Improvements - - -
Owner Contribution-Private Improvements1 1,027,904 3,650,152 4,678,056
Total Sources $ 3,642,904 $ 12,615,153 $ 16,258,057
..
Uses of Funds o •° .
Public Improvements $ 2,024,037 $ 7,187,481 $ 9,211,518
Private Improvements 1,027,904 3,650,152 4,678,056
$ 3,051,941 $ 10,837,633 $ 13,889,574
PID Formation and Bond Issuance Costs
Reserve Fund $ 237,657 $ 616,444 $ 854,101
Capitalized Interest 99,080 325,791 424,871
Underwriter's Discount 78,450 268,950 347,400
Cost of Issuance 162,067 521,011 683,078
Prefunding of Prepayment Reserve 13,075 44,825 57,900
Additional Proceeds 634 499 1,133
$ 590,963 $ 1,777,520 $ 2,368,483
Total Uses $ 3,642,904 $ 12,615,153 $ 16,258,057
Notes:
1)Owner Contribution for Private Improvements is non-reimbursable, and the Owner will not deposit cash with the City for
Private Improvements.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
61
SERVICE AND ASSESSMENT PLAN
EXHIBIT F-1 - IMPROVEMENT ZONE A ASSESSMENT ROLL
°Annual:'Instillment Due
Parcel. '1OutstandingAssessment, 1/31/20201
Single Family Tracts Initial Parcel $ 795,000.00 $ -
Commercial Tracts Initial Parcel $ 1,820,000.00 $ -
Total $ 2,615,000.00 $ -
Notes:
1) Net of Capitalized Interest.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 62
SERVICE AND ASSESSMENT PLAN
EXHIBIT F-2- IMPROVEMENT ZONE B ASSESSMENT ROLL
ti
. Annual Installment Due.,
Parcel Outstanding Assessment 1/31120201
Single Family Tracts Initial Parcel $ 5,905,000.00 $Multifamily Tracts Initial Parcel $ 3,060,000.00 $ -
Total $ 8,965,000.00 $ -
Notes:
1) Net of Capitalized Interest.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 63
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-1 - IMPROVEMENT ZONE A ANNUAL INSTALLMENTS
Installm Du ent e C Annual Collection Capitalized, Debt Service Total Annual.
•
1/31, jo• principal Interest Additional•.Interes Costs Interest Reserve Rind Installment
2020 $ 99,079.65 $ - $ - $ (99,079.65) $ - $ -
2021 $ 70,000.00 $ 142,106.26 $ 13,075.00 $ 13,821.00 $ - $ - $ 239,002.26
2022 $ 80,000.00 $ 138,693.76 $ 12,725.00 $ 13,966.00 $ - $ - $ 245,384.76
2023 $ 80,000.00 $ 134,793.76 $ 12,325.00 $ 14,077.00 $ - $ - $ 241,195.76
2024 $ 85,000.00 $ 130,893.76 $ 11,925.00 $ 14,185.00 $ - $ - $ 242,003.76
2025 $ 85,000.00 $ 126,750.00 $ 11,500.00 $ 14,273.00 $ - $ - $ 237,523.00
2026 $ 95,000.00 $ 122,606.26 $ 11,075.00 $ 14,357.00 $ - $ - $ 243,038.26
2027 $ 100,000.00 $ 117,618.76 $ 10,600.00 $ 14,381.00 $ - $ - $ 242,599.76
2028 $ 105,000.00 $ 112,368.76 $ 10,100.00 $ 14,366.00 $ - $ - $ 241,834.76
2029 $ 115,000.00 $ 106,856.26 $ 9,575.00 $ 14,319.00 $ - $ - $ 245,750.26
2030 $ 115,000.00 $ 100,818.76 $ 9,000.00 $ 14,187.00 $ - $ - $ 239,005.76
2031 $ 125,000.00 $ 94,781.26 $ 8,425.00 $ 14,030.00 $ - $ - $ 242,236.26
2032 $ 130,000.00 $ 87,750.02 $ 7,800.00 $ 13,771.00 $ - $ - $ 239,321.02
2033 $ 140,000.00 $ 80,437.52 $ 7,150.00 $ 13,421.00 $ - $ - $ 241,008.52
2034 $ 150,000.00 $ 72,562.52 $ 6,450.00 $ 12,936.00 $ - $ - $ 241,948.52
2035 $ 160,000.00 $ 64,125.00 $ 5,700.00 $ 12,274.00 $ - $ - $ 242,099.00
2036 $ 170,000.00 $ 55,125.00 $ 4,900.00 $ 11,401.00 $ - $ - $ 241,426.00
2037 $ 180,000.00 $ 45,562.50 $ 4,050.00 $ 10,249.00 $ - $ - $ 239,861.50
2038 $ 195,000.00 $ 35,437.52 $ 3,150.00 $ 8,736.00 $ - $ - $ 242,323.52
2039 $ 210,000.00 $ 24,468.76 $ 2,175.00 $ 6,683.00 $ - $ - $ 243,326.76
2040 $ 225,000.00 $ 12,656.26 $ 1,125.00 $ 3,880.00 $ - $ (237,656.26) $ 5,005.00
Total $ 2,615,000.00 $ 1,905,492.35 $ 162,825.00 $ 249,313.00 $ (99,079.65) $ (237,656.26) $ 4,595,894.44
Note:The figures shown above are estimates only and subject to change in annual service plan update. Changes in administrative expenses, reserve fund
requirements,interest earnings,or other available offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
64
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-2- IMPROVEMENT ZONE B ANNUAL INSTALLMENTS
-
_Installment Due, ! . Arinual Collection Debt ServiceTotal Annual .
1/31 Principal Interest. Additional Interest Costs Capitalized Interest_ Reserve Fund, .. . ,,Installment-. i
2020 $ - $ 325,790.17 $ - $ - $ (325,790.17) $ - $ -
2021 $ 135,000.00 $ 467,268.76 $ 44,825.00 $ 47,380.00 $ - $ - $ 694,473.76
2022 $ 145,000.00 $ 461,193.76 $ 44,150.00 $ 48,458.00 $ - $ - $ 698,801.76
2023 $ 150,000.00 $ 454,668.76 $ 43,425.00 $ 49,596.00 $ - $ - $ 697,689.76
2024 $ 160,000.00 $ 447,918.76 $ 42,675.00 $ 50,762.00 $ - $ - $ 701,355.76
2025 $ 165,000.00 $ 440,718.76 $ 41,875.00 $ 51,973.00 $ - $ - $ 699,566.76
2026 $ 170,000.00 $ 433,293.76 $ 41,050.00 $ 53,214.00 $ - $ - $ 697,557.76
2027 $ 175,000.00 $ 425,006.26 $ 40,200.00 $ 54,540.00 $ - $ - $ 694,746.26
2028 $ 190,000.00 $ 416,475.00 $ 39,325.00 $ 55,934.00 $ - $ - $ 701,734,00
2029 $ 195,000.00 $ 407,212.52 $ 38,375.00 $ 57,387.00 $ - $ - $ 697,974.52
2030 $ 205,000.00 $ 397,706.26 $ 37,400.00 $ 58,953.00 $ - $ - $ 699,059.26
2031 $ 215,000.00 $ 387,712.50 $ 36,375.00 $ 60,573.00 $ - $ - $ 699,660.50
2032 $ 220,000.00 $ 376,425.00 $ 35,300.00 $ 62,324.00 $ - $ - $ 694,049.00
2033 $ 235,000.00 $ 364,875.00 $ 34,200.00 $ 64,196.00 $ - $ - $ 698,271.00
2034 $ 245,000.00 $ 352,537.50 $ 33,025.00 $ 66,233.00 $ - $ - $ 696,795.50
2035 $ 260,000.00 $ 339,675.00 $ 31,800.00 $ 68,478.00 $ - $ - $ 699,953.00
2036 $ 270,000.00 $ 326,025.00 $ 30,500.00 $ 70,966.00 $ - $ - $ 697,491.00
2037 $ 280,000.00 $ 311,850.00 $ 29,150.00 $ 73,766.00 $ - $ - $ 694,766.00
2038 $ 295,000.00 $ 297,150.00 '$ 27,750.00 $ 76,959.00 $ - $ - $ 696,859.00
2039 $ 310,000.00 $ 281,662.50 $ 26,275.00 $ 80,726.00 $ - $ - $ 698,663.50
2040 $ 325,000.00 $ 265,387.50 $ 24,725.00 $ 85,277.00 $ - $ - $ 700,389.50
2041 $ 355,000.00 $ 248,325.00 $ 23,100.00 $ 68,651.00 $ - $ - $ 695,076.00
2042 $ 380,000.00 $ 229,243.76 $ 21,325.00 $ 70,024.00 $ - $ - $ 700,592.76
2043 $ 395,000.00 $ 208,818.76 $ 19,425.00 $ 71,425.00 $ - $ - $ 694,668.76
2044 $ 420,000.00 $ 187,587.52 $ 17,450.00 $ 72,852.00 $ - $ - $ 697,889.52
2045 $ 440,000.00 $ 165,012.50 $ 15,350.00 $ 74,309.00 $ - $ - $ 694,671.50
2046 $ 470,000.00 $ 141,362.50 $ 13,150.00 $ 75,796.00 $ - $ - $ 700,308.50
2047 $ 495,000.00 $ 116,100.00 $ 10,800.00 $ 77,311.00 $ - $ - $ 699,211.00
2048 $ 525,000.00 $ 89,493.76 $ 8,325.00 $ 78,858.00 $ - $ - $ 701,676.76
2049 $ 555,000.00 $ 61,275.00 $ 5,700.00 $ 80,435.00 $ - $ - $ 702,410.00
2050 $ 585,000.00 $ 31,443.76 $ 2,925.00 $ 82,044.00 $ - $ (616,443.76) $ 84,969.00
Total $ 8,965,000.00 $ 9,459,215.33 $ 859,950.00 $ 1,989,400.00 $ (325,790.17) $ (616,443.76) $ 20,331,331.40
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,
interest earnings,or other available offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 65
EXHIBIT G-3—SINGLE FAMILY TRACTS ANNUAL INSTALLMENTS
.a .';'ityl .Iso m rid ;Jae- $K.x'?at. -c- .p ptovidat ...'-:' .'
Installment Due i • , . ; Additi8nal Annual Collection Capitalized Debt Service= 'Total Annual
1/11 5 Principal. '.Interest ! Principal_.. Interest_ Interest. ° Costs Interest Res_erve.Fiihd 4 Installment'
2020 $ - $ 30,133.08 $ - $ 214,574.51 $ - $ - $ (244,707.59) $ - $ -
2021 $ 20,000.00 $ 43,218.76 $ 90,000.00 $ 307,756.26 $ 33,500.00 $ 35,410.00 $ - $ - $ 529,885.02
2022 $ 25,000.00 $ 42,243.76 $ 95,000.00 $ 303,706.26 $ 32,950.00 $ 36,165.00 $ - $ - $ 535,065.02
2023 $ 25,000.00 $ 41,025.00 $ 100,000.00 $ 299,431.26 $ 32,350.00 $ 36,947.00 $ - $ - $ 534,753.26
2024 $ 25,000.00 $ 39,806.26 $ 105,000.00 $ 294,931.26 $ 31,725.00 $ 37,737.00 $ - $ - $ 534,199.52
2025 $ 25,000.00 $ 38,587.50 $ 110,000.00 $ 290,206.26 $ 31,075.00 $ 38,569.00 $ - $ - $ 533,437.76
2026 $ 30,000.00 $ 37,368.76 $ 110,000.00 $ 285,256.26 $ 30,400.00 $ 39,408.00 $ - $ - $ 532,433.02
2027 $ 30,000.00 $ 35,793.76 $ 115,000.00 $ 279,893.76 $ 29,700.00 $ 40,294.00 $ - $ - $ 530,681.52
2028 $ 30,000.00 $ 34,218.76 $ 125,000.00 $ 274,287.50 $ 28,975.00 $ 41,213.00 $ - $ - $ 533,694.26
2029 $ 35,000.00 $ 32,643.76 $ 130,000.00 $ 268,193.76 $ 28,200.00 $ 42,171.00 $ - $ - $ 536,208.52
2030 $ 35,000.00 $ 30,806.26 $ 135,000.00 $ 261,856.26 $ 27,375.00 $ 43,151.00 $ - $ - $ 533,188.52
2031 $ 40,000.00 $ 28,968.76 $ 140,000.00 $ 255,275.00 $ 26,525.00 $ 44,170.00 $ - $ - $ 534,938.76
2032 $ 40,000.00 $ 26,718.76 $ 145,000.00 $ 247,925.00 $ 25,625.00 $ 45,242.00 $ - $ - $ 530,510.76
2033 $ 40,000.00 $ 24,468.76 $ 155,000.00 $ 240,312.50 $ 24,700.00 $ 46,364.00 $ • - $ - $ 530,845.26
2034 $ 45,000.00 $ 22,218.76 $ 160,000.00 $ 232,175.00 $ 23,725.00 $ 47,582.00 $ - $ - $ 530,700.76
2035 $ 50,000.00 $ 19,687.50 $ 170,000.00 $ 223,775.00 $ 22,700.00 $ 48,882.00 $ - $ - $ 535,044.50
2036 $ 50,000.00 $ 16,875.00 $ 180,000.00 $ 214,850.00 $ 21,600.00 $ 50,258.00 $ - $ - $ 533,583.00
2037 $ 55,000.00 $ 14,062.50 $ 185,000.00 $ 205,400.00 $ 20,450.00 $ 51,750.00 $ - $ - $ 531,662.50
2038 $ 60,000.00 $ 10,968.76 $ 195,000.00 $ 195,687.50 $ 19,250.00 $ 53,386.00 $ - $ - $ 534,292.26
2039 $ 65,000.00 $ 7,593.76 $ 205,000.00 $ 185,450.00 $ 17,975.00 $ 55,226.00 $ - $ - $ 536,244.76
2040 $ 70,000.00 $ 3,937.50 $ 215,000,00 $ 174,687.50 $ 16,625.00 $ 57,340.00 $ - $ (73,937.50) $ 463,652.50
2041 $ - $ - $ 235,000.00 $ 163,400.00 $ 15,200.00 $ 45,173.00 $ - $ - $ 458,773.00
2042 $ - $ - $ 250,000.00 $ 150,768.76 $ 14,025.00 $ 46,053.00 $ - $ - $ 460,846.76
2043 $ - $ - $ 260,000.00 $ 137,331.26 $ 12,775.00 $ 46,973.00 $ - $ - $ 457,079.26
2044 $ - $ - $ 275,000.00 $ 123,356.26 $ 11,475.00 $ 47,907.00 $ - $ - $ 457,738.26
2045 $ - $ - $ 290,000.00 $ 108,575.00 $ 10,100.00 $ 48,894.00 $ - $ - $ 457,569.00
2046 $ - $ - $ 310,000.00 $ 92,987.50 $ 8,650.00 $ 49,858.00 $ - $ - $ 461,495.50
2047 $ - $ - $ 325,000.00 $ 76,325.00 $ 7,100.00 $ 50,825.00 $ - $ - $ 459,250.00
2048 $ - $ - $ 345,000.00 $ 58,856.26 $ 5,475.00 $ 51,862.00 $ - $ - $ 461,193.26
2049 $ - $ - $ 365,000.00 $ 40,312.50 $ 3,750.00 $ 52,918.00 $ - $ - $ 461,980.50
2050 $ - $ - $ 385,000.00 $ 20,693.76 $ 1,925.00 $ 53,995.00 $ - $ (405,553.79) $ 56,059.97
Total $ 795,000.00 $ 581,345.72 $ 5,905,000.00 $ 6,228,237.15 $ 615,900.00 $ 1,385,723.00 $ (244,707.59) $ (479,491.29) $ 14,787,006.99
1)Annual Installment includes both Single Family Tracts allocable share of Improvement Zone A Annual Installment and Improvement Zone B Annual Installment.The total Annual Installment does not reflect
the TIRZ No.3 Annual Credit Amount.
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,or other available
offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 66
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-4- LOT TYPE SF1 ANNUAL INSTALLMENTS PER UNIT
s.. . ; lri° ell .n ' F ,> A..,.,4 t:ZO t "rg`i.
Installment DU s e° I ° Additional Anitty;IdColleetj°on Capitalized D bt Skf,ice Tpfal Ann al. °
1/.31 ° ° f Principal ° Interest P P_,,incipaI Interest Interest Costs Interest ° R'ererve Fund Installmentl
2020 $ - $ 80.17 $ - $ 570.89 $ - $ - $ (651.06) $ - $ (0.00)
2021 $ 53.21 $ 114.99 $ 239.45 $ 818.80 $ 89.13 $ 94.21 $ - $ - $ 1,409.79
2022 $ 66.51 $ 112.39 $ 252.75 $ 808.03 $ 87.67 $ 96.22 $ - $ - $ 1,423.57
2023 $ 66.51 $ 109.15 $ 266.06 $ 796.65 $ 86.07 $ 98.30 $ - $ - $ 1,422.74
2024 $ 66.51 $ 105.91 $ 279.36 $ 784.68 $ 84.41 $ 100.40 $ - $ - $ 1,421.26
2025 $ 66.51 $ 102.66 $ 292.66 $ 772.11 $ 82.68 $ 102.61 $ - $ - $ 1,419.24
2026 $ 79.82 $ 99.42 $ 292.66 $ 758.94 $ 80.88 $ 104.85 $ - $ - $ 1,416.56
2027 $ 79.82 $ 95.23 $ 305.96 $ 744.67 $ 79.02 $ 107.20 $ - $ - $ 1,411.90
2028 $ 79.82 $ 91.04 $ 332.57 $ 729.76 $ 77.09 $ 109.65 $ - $ - $ 1,419.92
2029 $ 93.12 $ 86.85 $ 345.87 $ 713.54 $ 75.03 $ 112.20 $ - $ - $ 1,426.61
2030 $ 93.12 $ 81.96 $ 359.17 $ 696.68 $ 72.83 $ 114.81 $ - $ - $ 1,418.57
2031 $ 106.42 $ 77.07 $ 372.48 $ 679.17 $ 70.57 $ 117.52 $ - $ - $ 1,423.23
2032 $ 106.42 $ 71.09 $ 385.78 $ 659.62 $ 68.18 $ 120.37 $ - $ - $ 1,411.45
2033 $ 106.42 $ 65.10 $ 412.39 $ 639.36 $ 65.72 $ 123.35 $ - $ - $ 1,412.34
2034 $ 119.72 $ 59.11 $ 425.69 $ 617.71 $ 63.12 $ 126.59 $ - $ - $ 1,411.96
2035 $ 133.03 $ 52.38 $ 452.29 $ 595.36 $ 60.39 $ 130.05 $ - $ - $ 1,423.51
2036 $ 133.03 $ 44.90 $ 478.90 $ 571.62 $ 57.47 $ 133.71 $ - $ - $ 1,419.62
2037 $ 146.33 $ 37.41 $ 492.20 $ 546.48 $ 54.41 $ 137.68 $ - $ - $ 1,414.51
2038 $ 159.63 $ 29.18 $ 518.81 $ 520.64 $ 51.22 $ 142.04 $ - $ - $ 1,421.51
2039 $ 172.94 $ 20.20 $ 545.41 $ 493.40 $ 47.82 $ 146.93 $ - $ - $ 1,426.71
2040 $ 186.24 $ 10.48 $ 572.02 $ 464.76 $ 44.23 $ 152.56 $ - $ (196.71) $ 1,233.57
2041 $ - $ - $ 625.23 $ 434.73 $ 40.44 $ 120.19 $ - $ - $ 1,220.59
2042 $ - $ - $ 665.14 $ 401.13 $ 37.31 $ 122.53 $ - $ - $ 1,226.11
2043 $ - $ - $ 691.74 $ 365.38 $ 33.99 $ 124.97 $ - $ - $ 1,216.08
2044 $ - $ - $ 731.65 $ 328.20 $ 30.53 $ 127.46 $ - $ - $ 1,217.84
2045 $ - $ - $ 771.56 $ 288.87 $ 26.87 $ 130.08 $ - $ - $ 1,217.39
2046 $ - $ - $ 824.77 $ 247.40 $ 23.01 $ 132.65 $ - $ - $ 1,227.83
2047 $ - $ - $ 864.68 $ 203.07 $ 18.89 $ 135.22 $ - $ - $ 1,221.86
2048 $ - $ - $ 917.89 $ 156.59 $ 14.57 $ 137.98 $ - $ - $ 1,227.03
2049 $ - $ - $ 971.10 $ 107.25 $ 9.98 $ 140.79 $ - $ - $ 1,229.12
2050 $ - $ - $ 1,024.31 $ 55.06 $ 5.12 $ 143.66 $ - $ (1,079.00) $ 149.15
Total $ 2,115.14 $ 1,546.70 $ 15,710.55 $ 16,570.54 $ 1,638.63 $ 3,686.79 $ (651.06) $ (1,275.71) $ 39,341.58
1)Annual Installment includes both Lot Type SF1 allocable share of Improvement Zone A Annual Installment and Improvement Zone B Annual Installment.The total Annual Installment does not reflect the
TIRZ No.3 Annual Credit Amount.
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,or other available
offsets could increase or decrease the amounts shown.
1
CITY POINT PUBLIC IMPROVEMENT DISTRICT 67
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-5 - LOT TYPE SF2 ANNUAL INSTALLMENTS PER UNIT
.-"lilt -en Zl i` 1 Irn.to'e _i: ,;
Installment.Due°® + �a Additional Annual;Collection Capitalized° De.i..5 ice -7 To al.Anht�al�
t 1/31 ,. Principal, ° Interest A Principal •I`rrterest_ ° 1 Interest Costs Interest ° Res p1e Ftnid' Iristat rei ti l°
2020 $ - $ 84.32 $ - $ 600.41 $ - $ T- $' (684.73) $ - $ -
2021 $ 55.96 $ 120.93 $ 251.83 $ 861.15 $ 93.74 $ 99.08 $ - $ - $ 1,482.71
2022 $ 69.95 $ 118.21 $ 265.83 $ 849.82 $ 92.20 $ 101.20 $ - $ - $ 1,497.20
2023 $ 69.95 $ 114.79 $ 279.82 $ 837.86 $ 90.52 $ 103.38 $ - $ - $ 1,496.33
2024 $ 69.95 $ 111.38 $ 293.81 $ 825.27 $ 88.77 $ 105.59 $ - $ - $ 1,494.78
2025 $ 69.95 $ 107.97 $ 307.80 $ 812.05 $ 86.95 $ 107.92 $ - $ - $ 1,492.65
2026 $ 83.94 $ 104.56 $ 307.80 $ 798.19 $ 85.06 $ 110.27 $ - $ - $ 1,489.84
2027 $ 83.94 $ 100.16 $ 321.79 $ 783.19 $ 83.11 $ 112.75 $ - $ - $ 1,484.93
2028 $ 83.94 $ 95.75 $ 349.77 $ 767.50 $ 81.08 $ 115.32 $ - $ - $ 1,493.36
2029 $ 97.94 $ 91.34 $ 363.76 $ 750.45 $ 78.91 $ 118.00 $ - $ - $ 1,500.40
2030 $ 97.94 $ 86.20 $ 377.75 $ 732.72 $ 76.60 $ 120.74 $ - $ - $ 1,491.95
2031 $ 111.93 $ 81.06 $ 391.74 $ 714.30 $ 74.22 $ 123.59 $ - $ - $ 1,496.85
2032 $ 111.93 $ 74.76 $ 405.73 $ 693.74 $ 71.70 $ 126.59 $ - $ - $ 1,484.46
2033 $ 111.93 $ 68.47 $ 433.72 $ 672.43 $ 69.11 $ 129.73 $ - $ - $ 1,485.39
2034 $ 125.92 $ 62.17 $ 447.71 $ 649.66 $ 66.39 $ 133.14 $ - $ - $ 1,484.99
2035 $ 139.91 $ 55.09 $ 475.69 $ 626.16 $ 63.52 $ 136.78 $ - $ - $ 1,497.14
2036 $ 139.91 $ 47.22 $ 503.67 $ 601.19 $ 60.44 $ 140.63 $ - $ - $ 1,493.05
2037 $ 153.90 $ 39.35 $ 517.66 $ 574.74 $ 57.22 $ 144.81 $ - $ - $ 1,487.68
2038 $ 167.89 $ 30.69 $ 545.64 $ 547.57 $ 53.86 $ 149.38 $ - $ - $ 1,495.04
2039 $ 181.88 $ 21.25 $ 573.62 $ 518.92 $ 50.30 $ 154.53 $ - $ - $ 1,500.50
2040 $ 195.87 $ 11.02 $ 601.61 $ 488.80 $ 46.52 $ 160.45 $ - $ (206.89) $ 1,297.38
2041 $ - $ - $ 657.57 $ 457.22 $ 42.53 $ 126.40 $ - $ $ 1,283.72
2042 $ - $ - $ 699.54 $ 421.88 $ 39.24 $ 128.86 $ - $ - $ 1,289.53
2043 $ - $ - $ 727,52 $ 384.28 $ 35.75 $ 131.44 $ - $ - $ 1,278.98
2044 $ - $ - $ 769.50 $ 345.17 $ 32.11 $ 134.05 $ - $ - $ 1,280.83
2045 $ - $ - $ 811.47 $ 303.81 $ 28.26 $ 136.81 $ - $ - $ 1,280.35
2046 $ - $ - $ 867.43 $ 260.19 $ 24.20 $ 139.51 $ - $ - $ 1,291.34
2047 $ - $ - $ 909.40 $ 213.57 $ 19.87 $ 142.22 $ - $ - $ 1,285.06
2048 $ - $ - $ 965.37 $ 164.69 $ 15.32 $ 145.12 $ - $ - $ 1,290.49
2049 $ - $ - $ 1,021.33 $ 112.80 $ 10.49 $ 148.07 $ - $ - $ 1,292.70
2050 $ - $ - $ 1,077.29 $ 57.90 $ 5.39 $ 151.09 $ - $ (1,134.81) $ 156.87
Total $ 2,224.54 $ 1,626.70 $ 16,523.17 $ 17,427.64 $ 1,723.39 $ 3,877.48 $ (684.73) $ (1,341.70) $ 41,376.49
1)Annual Installment includes both Lot Type SF2 allocable share of Improvement Zone A Annual Installment and Improvement Zone B Annual Installment.The total Annual Installment does not reflect the
TIRZ No.3 Annual Credit Amount.
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,or other available
offsets could increase or decrease the amounts shown.
1
CITY POINT PUBLIC IMPROVEMENT DISTRICT 68
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-6- LOT TYPE SF3 ANNUAL INSTALLMENTS PER UNIT
ItfstallmeFit'.Due) ! Additional' •Annual Collectioh- Capitalized Deb"t:SeflAce TOWtnual °°
/31 ® Principal ° Interest I •Principal; . Interest Interest.. _ _ Gosts Interest Reserve Fimc! A_`Insta{I1'011e
2020 $ - $ 89.85 $ - $ 639.79 $ - $ - $ (729.63) $ - $ -
2021 $ 59.63 $ 128.86 $ 268.35 $ 917.62 $ 99.89 $ 105.58 $ - $ - $ 1,579.93
2022 $ 74.54 $ 125.96 $ 283.26 $ 905.55 $ 98.25 5 107.83 $ - $ - $ 1,595.38
2023 $ 74.54 $ 122.32 $ 298.17 $ 892.80 $ 96.46 $ 110.16 $ - $ - $ 1,594.45
2024 $ 74.54 $ 118.69 $ 313.07 $ 879.38 $ 94.59 $ 112.52 $ - $ - $ 1,592.80
2025 $ 74.54 $ 115.05 $ 327.98 $ 865.29 $ 92.65 $ 115.00 $ - $ - $ 1,590.53
2026 $ 89.45 $ 111.42 $ 327.98 $ 850.53 $ 90.64 $ 117.50 $ - $ - $ 1,587.53
2027 $ 89.45 $ 106.72 $ 342.89 $ 834.55 $ 88.56 $ 120.14 $ - $ - $ 1,582.31
2028 $ 89.45 $ 102.03 $ 372.71 $ 817.83 $ 86.39 $ 122.88 $ - $ - $ 1,591.29
2029 $ 104.36 $ 97.33 $ 387.61 $ 799.66 $ 84.08 $ 125.74 $ - $ - $ 1,598.79
2030 $ 104.36 $ 91.85 $ 402.52 $ 780.76 $ 81.62 $ 128.66 $ - $ - $ 1,589.78
2031 $ 119.27 $ 86.37 $ 417.43 $ 761.14 $ 79.09 $ 131.70 $ - $ - $ 1,595.00
2032 $ 119.27 $ 79.67 $ 432.34 $ 739.23 $ 76.40 $ 134.90 $ - $ - $ 1,581.80
2033 $ 119.27 $ 72.96 $ 462.16 $ 716.53 $ 73.65 $ 138.24 $ - $ - $ 1,582.80
2034 $ 134.17 $ 66.25 $ 477.06 $ 692.26 $ 70.74 $ 141.87 $ - $ - $ 1,582.36
2035 $ 149.08 $ 58.70 $ 506.88 $ 667.22 $ 67.68 $ 145.75 $ - $ - $ 1,595.32
2036 $ 149.08 $ 50.32 $ 536.70 $ 640.61 $ 64.40 $ 149.85 $ - $ - $ 1,590.96
2037 $ 163.99 $ 41.93 $ 551.61 $ 612.43 $ 60.97 $ 154.30 $ - $ - $ 1,585.23
2038 $ 178.90 $ 32.71 $ 581.42 $ 583.47 $ 57.40 $ 159.18 $ - $ - $ 1,593.07
2039 $ 193.81 $ 22.64 $ 611.24 $ 552.95 $ 53.60 $ 164.66 $ $ - $ 1,598.89
2040 $ 208.72 $ 11.74 $ 641.06 $ 520.86 $ 49.57 $ 170.97 $ - $ (220.46) $ 1,382.45
2041 $ - $ - $ 700.69 $ 487.20 $ 45.32 $ 134.69 $ - $ - $ 1,367.90
2042 $ - $ - $ 745.41 $ 449.54 $ 41.82 $ 137.31 $ - $ - $ 1,374.08
2043 $ - $ - $ 775.23 $ 409.47 $ 38.09 $ 140.06 $ - $ - $ 1,362.85
2044 $ - $ - $ 819.95 $ 367.81 $ 34.21 $ 142.84 $ - $ - $ 1,364.82
2045 $ - $ - $ 864.68 $ 323.73 $ 30.11 $ 145.78 $ - $ - $ 1,364.31
2046 $ - $ - $ 924.31 $ 277.26 $ 25.79 $ 148.66 $ - $ - $ 1,376.02
2047 $ - $ - $ 969.04 $ 227.57 $ 21.17 $ 151.54 $ - $ - $ 1,369.32
2048 $ - $ - $ 1,028.67 $ 175.49 $ 16.32 $ 154.63 $ - $ - $ 1,375.12
2049 $ - $ - $ 1,088.30 $ 120.20 $ 11.18 $ 157.78 $ - $ - $ 1,377.46
2050 $ - $ - $ 1,147.94 $ 61.70 $ 5.74 $ 160.99 $ - $ (1,209.22) $ 167.15
Total $ 2,370.41 $ 1,733.37 $ 17,606.65 $ 18,570.43 $ 1,836.40 $ 4,131.74 $ (729.63) $ (1,429.68) $ 44,089.70
1)Annual Installment includes both Lot Type SF3 allocable share of Improvement Zone A Annual Installment and Improvement Zone B Annual Installment.The total Annual Installment does not reflect the
TIRZ No.3 Annual Credit Amount.
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,or other available
offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 69
EXHIBIT G-7— MULTIFAMILY TRACTS ANNUAL INSTALLMENTS
Installment Due. 1 Annual•Collection • . • b Debt;Service' r T• otal Annual ,
1/31 _ £ Principals -. Interest•_ Additional=•Interest ,Cgsts Capitahzed,lnteresf P Reserve Fund JI Installment
2020 $ - $ 111,215.66 $ - $ - $ (111,215.66) $ -y $ -
2021 $ 45,000.00 $ 159,512.50 $ 15,300.00 $ 16,172.00 $ - $ - $ 235,984.50
2022 $ 50,000.00 $ 157,487.50 $ 15,075.00 $ 16,546.00 $ - $ - $ 239,108.50
2023 $ 50,000.00 $ 155,237.50 $ 14,825.00 $ 16,932.00 $ - $ - $ 236,994.50
2024 $ 55,000.00 $ 152,987.50 $ 14,575.00 $ 17,337.00 $ - $ - $ 239,899.50
2025 $ 55,000.00 $ 150,512.50 $ 14,300.00 $ 17,748.00 $ - $ - $ 237,560.50
2026 $ 60,000.00 $ 148,037.50 $ 14,025.00 $ 18,181.00 $ - $ - $ 240,243.50
2027 $ 60,000.00 $ 145,112.50 $ 13,725.00 $ 18,621.00 $ - $ - $ 237,458.50
2028 $ 65,000.00 $ 142,187.50 $ 13,425.00 $ 19,095.00 $ - $ - $ 239,707.50
2029 $ 65,000.00 $ 139,018.76 $ 13,100.00 $ 19,590.00 $ - $ - $ 236,708.76
2030 $ 70,000.00 $ 135,850.00 $ 12,775.00 $ 20,137.00 $ - $ - $ 238,762.00
2031 $ 75,000.00 $ 132,437.50 $ 12,425.00 $ 20,691.00 $ - $ - $ 240,553.50
2032 $ 75,000.00 $ 128,500.00 $ 12,050.00 $ 21,275.00 $ - $ - $ 236,825.00
2033 $ 80,000.00 $ 124,562.50 $ 11,675.00 $ 21,915.00 $ - $ - $ 238,152.50
2034 $ 85,000.00 $ 120,362.50 $ 11,275.00 $ 22,612.00 $ $ - $ 239,249.50
2035 $ 90,000.00 $ 115,900.00 $ 10,850.00 $ 23,364.00 $ - $ - $ 240,114.00
2036 $ 90,000.00 $ 111,175.00 $ 10,400.00 $ 24,198.00 $ - $ - $ 235,773.00
2037 $ 95,000.00 $ 106,450.00 $ 9,950.00 $ 25,179.00 $ - $ - $ 236,579.00
2038 $ 100,000.00 $ 101,462.50 $ 9,475.00 $ 26,277.00 $ - $ - $ 237,214.50
2039 $ 105,000.00 $ 96,212.50 $ 8,975.00 $ 27,574.00 $ - $ - $ 237,761.50
2040 $ 110,000.00 $ 90,700.00 $ 8,450.00 $ 29,144.00 $ - $ - $ 238,294.00
2041 $ 120,000.00 $ 84,925.00 $ 7,900.00 $ 23,478.00 $ - $ - $ 236,303.00
2042 $ 130,000.00 $ 78,475.00 $ 7,300.00 $ 23,971.00 $ - $ - $ 239,746.00
2043 $ 135,000.00 $ 71,487.50 $ 6,650.00 $ 24,452.00 $ - $ - $ 237,589.50
2044 $ 145,000.00 $ 64,231.26 $ 5,975.00 $ 24,945.00 $ - $ - $ 240,151.26
2045 $ 150,000.00 $ 56,437.50 $ 5,250.00 $ 25,415.00 $ - $ - $ 237,102.50
2046 $ 160,000.00 $ 48,375.00 $ 4,500.00 $ 25,938.00 $ - $ - $ 238,813.00
2047 $ 170,000.00 $ 39,775.00 $ 3,700.00 $ 26,486.00 $ - $ - $ 239,961.00
2048 $ 180,000.00 $ 30,637.50 $ 2,850.00 $ 26,996.00 $ - $ - $ 240,483.50
2049 $ 190,000.00 $ 20,962.50 $ 1,950.00 $ 27,517.00 $ - $ - $ 240,429.50
2050 $ 200,000.00 $ 10,750.00 $ 1,000.00 $ 28,049.00 $ - $ (210,889,97) $ 28,909.03
Total $ 3,060,000.00 $ 3,230,978.18 $ 293,725.00 $ 679,835.00 $ (111,215.66) $ (210,889.97) $ 6,942,432.55
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest
earnings,or other available offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
70
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-8- LOT TYPE MF ANNUAL INSTALLMENTS PER ACRE
Installment Due : ° 0 • Annual Collection • Debt;Serviee° Total Annual
1/31 q Principal. Interest Additional Interest Costs Capitalized lrfiteJest Reserve Fund' lhstaliment
2020 $ - $ 13,033.29 $ - $ - $ (13,033.29) $ $
2021 $ 5,273.52 $ 18,693.16 $ 1,793.00 $ 1,895.19 $ - $ - $ 27,654.87
2022 $ 5,859.47 $ 18,455.85 $ 1,766.63 $ 1,939.01 $ - $ - $ 28,020.97
2023 $ 5,859.47 $ 18,192.18 $ 1,737.33 $ 1,984.25 $ - $ - $ 27,773.23
2024 $ 6,445.41 $ 17,928.50 $ 1,708.03 $ 2,031.71 $ - $ - $ 28,113.66
2025 $ 6,445.41 $ 17,638.46 $ 1,675.81 $ 2,079.88 $ - $ - $ 27,839.56
2026 $ 7,031.36 $ 17,348.42 $ 1,643.58 $ 2,130.62 $ - $ - $ 28,153.98
2027 $ 7,031.36 $ 17,005.64 $ 1,608.42 $ 2,182.18 $ - $ - $ 27,827.60
2028 $ 7,617.31 $ 16,662.86 $ 1,573.27 $ 2,237.73 $ - $ - $ 28,091.16
2029 $ 7,617.31 $ 16,291.52 $ 1,535.18 $ 2,295.74 $ - $ - $ 27,739.74
2030 $ 8,203.25 $ 15,920.17 $ 1,497.09 $ 2,359.84 $ - $ - $ 27,980.36
2031 $ 8,789.20 $ 15,520.26 $ 1,456.08 $ 2,424.76 $ - $ - $ 28,190.30
2032 $ 8,789.20 $ 15,058.83 $ 1,412.13 $ 2,493.20 $ - $ - $ 27,753.36
2033 $ 9,375.15 $ 14,597.40 $ 1,368.19 $ 2,568.20 $ - $ - $ 27,908.93
2034 $ 9,961.09 $ 14,105.20 $ 1,321.31 $ 2,649.89 $ - $ - $ 28,037.49
2035 $ 10,547.04 $ - 13,582.24 $ 1,271.50 $ 2,738.01 $ - $ - $ 28,138.80
2036 $ 10,547.04 $ 13,028.52 $ 1,218.77 $ 2,835.75 $ - $ - $ 27,630.08
2037 $ 11,132.99 $ 12,474.80 $ 1,166.03 $ 2,950.71 $ - $ - $ 27,724.53
2038 $ 11,718.93 $ 11,890.32 $ 1,110.37 $ 3,079.38 $ - $ - $ 27,799.01
2039 $ 12,304.88 $ 11,275.08 $ 1,051.77 $ 3,231.38 $ - $ - $ 27,863.11
2040 $ 12,890.83 $ 10,629.07 $ 990.25 $ 3,415.37 $ - $ - $ 27,925.51
2041 $ 14,062.72 $ 9,952.30 $ 925.80 $ 2,751.37 $ - $ - $ 27,692.19
2042 $ 15,234.61 $ 9,196.43 $ 855.48 $ 2,809.15 $ - $ - $ 28,095.67
2043 $ 15,820.56 $ 8,377.57 $ 779.31 $ _ 2,865.51 $ - $ - $ 27,842.95
2044 $ 16,992.45 $ 7,527.22 $ 700.21 $ 2,923.29 $ - $ - $ 28,143.17
2045 $ 17,578.40 $ 6,613.87 $ 615.24 $ 2,978.37 $ - $ - $ 27,785.88
2046 $ 18,750.29 $ 5,669.03 $ 527.35 $ 3,039.66 $ - $ - $ 27,986.34
2047 $ 19,922.19 $ 4,661.21 $ 433.60 $ 3,103.88 $ - $ - $ 28,120.87
2048 $ 21,094.08 $ 3,590.39 $ 333.99 $ 3,163.64 $ - $ - $ 28,182.10
2049 $ 22,265.97 $ 2,456.58 $ 228.52 $ 3,224.70 $ - $ - $ 28,175.77
2050 $ 23,437.87 $ 1,259.79 $ 117.19 $ 3,287.04 $ - $ (24,714.05) $ 3,387.83
Total $ 358,599.35 $ 378,636.17 $ 34,421.44 $ 79,669.41 $ (13,033.29) $ (24,714.05) $ 813,579.03
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,
or other available offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT 71
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-9-COMMERCIAL TRACTS ANNUAL INSTALLMENTS
Installment Due • . Annual Collection ° Debt Serwce Tot41 Annual
1/31 ;° Pr<incip l Interest _Additional'Interest Coss Cap talized Interest: Reserve Fund Installmt-
en1
2020 $ $ 68,946.57 $ - $ $ (68,946.57) $ -° $ -
2021 $ 50,000.00 $ 98,887.50 $ 9,100.00 $ 9,619.00 $ - $ - $ 167,606.50
2022 $ 55,000.00 $ 96,450.00 $ 8,850.00 $ 9,713.00 $ - $ - $ 170,013.00
2023 $ 55,000.00 $ 93,768.76 $ 8,575.00 $ 9,794.00 $ - $ - $ 167,137.76
2024 $ 60,000.00 $ 91,087.50 $ 8,300.00 $ 9,873.00 $ - $ - $ 169,260.50
2025 $ 60,000.00 $ 88,162.50 $ 8,000.00 $ 9,929.00 $ - $ - $ 166,091.50
2026 $ 65,000.00 $ 85,237.50 $ 7,700.00 $ 9,982.00 $ - $ - $ 167,919.50
2027 $ 70,000.00 $ 81,825.00 $ 7,375.00 $ 10,006.00 $ - $ - $ 169,206.00
2028 $ 75,000.00 $ 78,150.00 $ 7,025.00 $ 9,992.00 $ - $ - $ 170,167.00
2029 $ 80,000.00 $ 74,212.50 $ 6,650.00 $ 9,945.00 $ - $ - $ 170,807.50
2030 $ 80,000.00 $ 70,012.50 $ 6,250.00 $ 9,852.00 $ - $ - $ 166,114.50
2031 $ 85,000.00 $ 65,812.50 $ 5,850.00 $ 9,742.00 $ - $ - $ 166,404.50
2032 $ 90,000.00 $ 61,031.26 $ 5,425.00 $ 9,578.00 $ - $ - $ 166,034.26
2033 $ 100,000.00 $ 55,968.76 $ 4,975.00 $ 9,338.00 $ - $ - $ 170,281.76
2034 $ 105,000.00 $ 50,343.76 $ 4,475.00 $ 8,975.00 $ - $ - $ 168,793.76
2035 $ 110,000.00 $ 44,437.50 $ 3,950.00 $ 8,506.00 $ - $ - $ 166,893.50
2036 $ 120,000.00 $ 38,250.00 $ 3,400.00 $ 7,911.00 $ - $ - $ 169,561.00
2037 $ 125,000.00 $ 31,500.00 $ 2,800.00 $ 7,086.00 $ - $ - $ 166,386.00
2038 $ 135,000.00 $ 24,468.76 $ 2,175.00 $ 6,032.00 $ - $ - $ 167,675.76
2039 $ 145,000.00 $ 16,875.00 $ 1,500.00 $ 4,609.00 $ - $ - $ 167,984.00
2040 $ 155,000.00 $ 8,718.76 $ 775.00 $ 2,673.00 $ - $ (163,718.76) $ 3,448.00
2041 $ - $ - $ - $ - $ - $ - $ -
2042 $ - $ - $ - $ - $ - $ - $ -
2043 $ - $ - $ - $ - $ - $ - $ -
2044 $ - $ - $ - $ - $ - $ - $ -
2045 $ - $ - $ - $ - $ - $ - $ -
2046 $ - $ - $ - $ - $ - $ - $ -
2047 $ - $ - $ - $ - $ - $ - $ -
2048 $ - $ - $ - $ - $ - $ - $ -
2049 $ - $ - $ - $ - $ - $ - $ -
2050 $ - $ - $ - $ - $ - $ - $ -
Total $ 1,820,000.00 $ 1,324,146.63 $ 113,150.00 $ 173,155.00 $ (68,946.57) $ (163,718.76) $ 3,197,786.30
1)The total Annual Installment does not reflect theTIRZ No.3 Annual Credit Amount.
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,
or other available offsets could increase or decrease the amounts shown.
..--......�.:s.,�..�:a,«„.,�-,sa, _,..,:.�.--:x.a>...��.,.,... ,.,..,.�:.�.° .�q'. �.n. :4�c '� _-tea .,7•_ ,. ,— _ �:CITY POINT PUBLIC IMPROVEMENT DISTRICT 72
SERVICE AND ASSESSMENT PLAN
EXHIBIT G-10- LOT TYPE COMMERCIAL ANNUAL INSTALLMENTS PER ACRE
, Installment Due : Annual Collection Debt.$ervici 1 Ttal Anntiai -
1/31 Principal Interest. Additional Interest Costs Capitalized Interest Reserve Fund Installment"
2020 $ - $ 14,478.19 $ - $ - $ (14,478.19) $ - $ -
2021 $ 10,499.57 $ 20,765.52 $ 1,910.92 $ 2,019.91 $ - $ - $ 35,195.92
2022 $ 11,549.53 $ 20,253.67 $ 1,858.42 $ 2,039.65 $ - $ - $ 35,701.27
2023 $ 11,549.53 $ 19,690.63 $ 1,800.68 $ 2,056.66 $ - $ - $ 35,097.49
2024 $ 12,599.48 $ 19,127.59 $ 1,742.93 $ 2,073.24 $ - $ - $ 35,543.25
2025 $ 12,599.48 $ 18,513.37 $ 1,679.93 $ 2,085.00 $ - $ - $ 34,877.79
2026 $ 13,649.44 $ 17,899.14 $ 1,616.93 $ 2,096.13 $ - $ - $ 35,261.65
2027 $ 14,699.40 $ 17,182.55 $ 1,548.69 $ 2,101.17 $ - $ - $ 35,531.80
2028 $ 15,749.35 $ 16,410.83 $ 1,475.19 $ 2,098.23 $ - $ - $ 35,733.60
2029 $ 16,799.31 $ 15,583.99 $ 1,396.44 $ 2,088.36 $ - $ - $ 35,868.10
2030 $ 16,799.31 $ 14,702.02 $ 1,312.45 $ 2,068.84 $ - $ - $ 34,882.61
2031 $ 17,849.27 $ 13,820.06 $ 1,228.45 $ 2,045.74 $ - $ - $ 34,943.51
2032 $ 18,899.23 $ 12,816.04 $ 1,139.20 $ 2,011.30 $ - $ - $ 34,865.77
2033 $ 20,999.14 $ 11,752.96 $ 1,044.71 $ 1,960.90 $ - $ - $ 35,757.70
2034 $ 22,049.10 $ 10,571.76 $ 939.71 $ 1,884.67 $ - $ - $ 35,445.24
2035 $ 23,099.05 $ 9,331.49 $ 829.47 $ 1,786.19 $ - $ - $ 35,046.20
2036 $ 25,198.97 $ 8,032.17 $ 713.97 $ 1,661.24 $ - $ - $ 35,606.35
2037 $ 26,248.92 $ 6,614.73 $ 587.98 $ 1,488.00 $ - $ - $ 34,939.63
2038 $ 28,348.84 $ 5,138.23 $ 456.73 $ 1,266.67 $ - $ - $ 35,210.47
2039 $ 30,448.75 $ 3,543.60 $ 314.99 $ 967.85 $ - $ - $ 35,275.19
2040 $ 32,548.67 $ 1,830.86 $ 162.74 $ 561.31 $ - $ (34,379.53) $ 724.05
2041 $ - $ - $ - $ - $ - $ - $ -
2042 $ - $ - $ - $ - $ - $ - $ -
2043 $ - $ - $ - $ - $ - $ - $ -
2044 $ - $ - $ - $ - $ - $ - $ -
2045 $ - $ - $ - $ - $ - $ - $ -
2046 $ - $ - $ - $ - $ - $ - $ -
2047 $ - $ - $ - $ - $ - $ - $ -
2048 $ - $ - $ - $ - $ - $ - $ -
2049 $ - $ - $ - $ - $ - $ - $ -
2050 $ - $ - $ - $ - $ - $ - $ -
Total $ 382,184.33 $ 278,059.39 $ 23,760.53 $ 36,361.06 $ (14,478.19) $ (34,379.53) $ 671,507.59
1 1)The total Annual Installment does not reflect the TIRZ No.3 Annual Credit Amount.
Note:The figures shown above are estimates only and subject to change in annual service plan update.Changes in administrative expenses,reserve fund requirements,interest earnings,
or other available offsets could increase or decrease the amounts shown.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
73
SERVICE AND ASSESSMENT PLAN
EXHIBIT H — MAPS OF AUTHORIZED IMPROVEMENTS
• '� Sao zoo 400 soo BOO q
City Point Proposed Roads - � ,•. Fee'
=`, . ' .ROD LINE DR ° 'Eta E c
• ER
Nate. Locations are x, f jY^ ''t�p«:: 'I — - .—,-
aPPropmate and nut to ue � 'w � < k+ §" �-4. � Legend IN
§� 1~
used fcr construct n a ., "; CF I j r r Pr sod Roads
' �t Ia. ' Proposed .�dYi E ri 1T
-P
tr =`d `*, ` k�+ si Road Classification __ �-w__
*,� �, ,
., t + ..,.�r°� Cotleator
.440e
$ "�`` ° a , X ,. , .„, - 1 a Nelchborhood
tR ,Ca �� 1t _fi f, —Akey
l *.' ;, � 11' - v.ate
47:
44.
4.
: af
,,S " C �f I u r �- F f
a r Iw - ; i� a 11 i
.
�` •, ( V� P; ra{ .a' i^s C� 1 ^7:4 s t p- `. b tv
, ".":;_.....,J.,....-.7.:1 1 --"'•'1 \ft.: ',,,,x,./.•,-'/ „, .
I. '', -.1',4,,,, I 4— • -11 "4-f • ''
1 • 11 1 -' -z , I S I l S 15.1 t. i tS
i r; (# 1 1 r,� 1 ,r d _ ; 1 i t ai�"1+ .t
� r 1 tI � I .
,j I } r
r Ir. trri $ : .tit t
—�"- 1 `t- 1 't ,c i .. _,' ,1 / . l ar ,+ea+ .ems..
i
a' F { 1 '. ., _. 3 lit! .. ..
rK
�'' -'az -,..arc. , 1 f3 Tii,Si,S su,N cr�s..4i�4. latriz
�,a
b W 1 t li r j I #j q, 1 r_
ittl r— ,
CITY POINT PUBLIC IMPROVEMENT DISTRICT
74
SERVICE AND ASSESSMENT PLAN
• .,. xA . ,.., sir IIJi Uall !
- a` '4 ; . °"i 100 200 400 600 e00
City Point Proposed Water
* tl spy..
r� � ODGERR LINER -. _ '�' ' '
" ,• �� 4kAttssi.'''� * s b;x � , r
oppraarc and not la ba e, , � , Legend
cope ttu ate and no - .' i r w' 8* "? osed Water Lines�;. sr ��` _�=NeighbarhaadServicej-
FF' s{ t v:. ° .; ,. - e t1 ..�,Water tines
Main j;x
p N.- -
4 a irk, `*s W " ` ' 7 4`-- '*� --�--Water ones to Be Abandoned
v
�, .� k t " _...._Abandoned Water j
t I- F ExlsanH Water tines
2
"ep, ' fir' "Pr .+ „r 1. 2
o,'1 _ £
k ;» �j " tty . '% 'fur > t ' s. .z '� s ¢ r
' .. � d Y+'Y i.+e.e '^. 4.7 i b i `M,--..•.'1,, t'd,, �iY' Y __
* * NC' 49€ 1, s fi,' �
'W" ; ,oat �£..
�. y_. _ - � , � , f
`�, $ � tom• � wv Up a� i - dh �' ` .
etII,
631 LF 8In.', , i �zr r a '
n3 J
t �� qq' rr
- .. # ►4yR0s4'+L&i*.F1.'.. B}IsnxrnL n s
.. i„.y. a
� FF " ''"� a1: * �a ,.�
t. err 504 LF a 1nsWL .' J = . ;t ;
`x ' r s £ t ¢t " „" ti*'.''' ' tc.:' N . x Rg" �. ` E rg" � f ^ 1 r;F � 4 + rarit 3 ,% �b3r * . �- s ,
44
.. :..;� .1
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN
75
900 200 00 600 800
City Point Proposed Sewer
Fee
I ,�' r ROpc �� SPAC,� LINE DR
Note: Locauans era 4 S *r ▪ t �' 467 4, "' ¢`: 1 - ... ^' Ag
apptoumate arN: not to ba t aka �x +. ft ` B
uud for construction '� F ` -, Lj '• .- �2, .�
j' .. . ss !� Legend AC
qlk,,,,,,,,,,,,, , -,.,„:7 .4460 , '';'',,,,, 9,9,,11t4470,04k„ 7., ,�np Proposed Sewer Lines +�
•
.. d ,. .PY64 5 ^v � Abandoned Sewer r
- f t ▪� ' -1 �� . -cA Exfslinq Sewer Lines j
,gyp t
; , ,,, x . `.. �a ''
.a�a,.' 294�LF B,n SS "
Af/ / ::
st4ii. �,�8 ",- rk R %� s;'F
g
$$,..„da,"litit• '''lliv '',,, ,
/- A {".„4: ,/ , O. ,q�am Fw ;, _ - a'F .', n..
'� �� a°r�' � y:r .,
:� e r "m a ' ,. e,
3 sr� -''`�•• •} J. i .; .: ,` - ,t a 4 i"#
.. iSil
J.
T.
`y' . s
s. r ,' l s e
r€ a` t i a . 3', L 8S _M1 ', u ?tea. . tt4re , 5. � .443 LFr8in.SSa �£ m, tc s „Ann'
'r ,.t k8 br x c
'11
°_z 4 �� s `7ei;^ 'u , *' 73#,.•_A :
CITY POINT PUBLIC IMPROVEMENT DISTRICT 76
SERVICE AND ASSESSMENT PLAN
T -a 200 400 600 nor ireiri:
City Point Proposed Storm �' Fey'''
. • I
.,
iir tJ' Locattonm rue -f i^`r '.a ..; t !,C'� 1 Legend SPA
r
aPprowmr'letl not to DE �' '� a
; a-'* sit . ' L, ` :. 0 '- Pro osed Storm Drain
used for construction a, ',. M +��r ` ' -- P
' .� `ry `` .0 r �i' i� ,., ? ..s,.Proposed Storm Lines .
'l"\'
`� �'',� ,5,;�.t,� + � 7c�� .,� ,� `�� ' = a .- yr=-,Storm to Abandon , N'�
I', •---4,-..,...:, .'.' ''.. ..,..,-,:-;.'.-' ,r ,„� - - � 'r�6 t 5 `°� ^: ^ ' 4 F�ristlnp Storm Dram Lines
>; :•' „ s Y._/` -4 . a�..::: s� ' `,,; Abandoned Storm Drain
------,:t:,:l:
{ ,,,' i -'',',. _ "� .' ';"-J � ' - Storm Dram Lines ,.
iiitirire T 19 ., $ m"
y 4 T t ; w" �) � t .as RCP+c "e * ,,,.
,ss i y `"s" " as '2q{ P 4 .� }..t Q' - _ +.!
a '6 - n * s $ ,`.. .P ;i ;7 12 '^ �,.
_,,,,,
�; ���• �j�; �rr`,� , ate^ 2a h . '.721.., -'' :.';'.' ,..,....,,-N, . ,..fiffritiMret
,-� •
�+ i > ,. }. i" r fix . ., x was S: F.l
A.ot i-''`.`° ;;� x a" " ;lNit . �. - ' 3 .,'s *" ,,..: �' s.. r� : <i i , . rt - a . 'i . `, .,2 ` 4-' t I, "
.
Ire
.. a . _ y} t g
& „ I. t '
- ..... _-,,,.----,- ---.4,-----,,,,,',...-.,:y --' --,-- - ::.' . --,,,r,,,,,,;-4,,,I,l'4?,'-r, g„ i,.-_, --.4', -- -rt.„-,,,-t11,1F :. : rosz.4.,44,As-.4w, , -,-.
w
5.
- ` a
1.
4_
t,
��� . �
CITY POINT PUBLIC IMPROVEMENT DISTRICT
SERVICE AND ASSESSMENT PLAN 77
. _
SIUDI/10
i OVESIAU..LAYOUT LANDSCAPE LECEND
,7••,,,,
\ ?;(''•-ti-'„',...' N.X ,
........„.
<\>,/ / •,.1 . (7_ 7 i -, -.1:3`,.,-...g,;, ----
>; . /,(://„•-?,••,.. /,'' . • ,-•'''-'1' , '''''? ii••••1-,..q, '',////: .,,,:.'-c.%. -v '-',.::-- -, , / = =i
,..--
;
(-;••1 ...Ma Min v..
'''"'-' '-'1'.
._
,4,,,,N
\
k:., ‘1, .... i'
\s,p, 6..4e.' , ''',..,
:':::t' Z IT. \ ,
. ..1.1....419
co 5
-.S.kek. . 1 '-- . Nit '1,-i.,
r , .cb,z, fit.-_-_-:-:„--
,„, ,,,......,..— \ E
C- -.,4 c•- =.
\'''?C''''' .'-'114' 11"4*."(.'' \l'• -,.,.,;p‘\\..k4 '''- ' , .
7,7x' ,.,. R''',-_:-....-z.
, ,--,:\>', ---4--
/1
/I,9-- \--.\--.-2.--_ _-__ =1.1 ,77, I''''-•' ,e,.: ''''---, L'44''',7,.,,:-'‘'Hrl'''''''... '''.1..- M.F.H'' .---''''71-''''":7,., ,1 '''' ' 1 I 1 I ' -'-'1 ‹. '''' 4-I. -76'.
L
lik... k. , ,t*P, :• --..-- -,=,,,,,,,,,,,,-- , ,
','s,"::'''''' ;*..,:',1-_4•'..-, =_."-_--- 7:7_:,, 1/4,;---- ''
" .• V.,..),;';';'.:.' -' -7--• . ,,,,, , — \ -, I,/, , f '•••-t
/ I- —) •`,..,../ a,
g ". A'•'1..rtir ,.'. ,.'•.'":: C. ,
=If 1 05-2,... , i
•61-1.11.41 --
'i' - --, -1,
)
:I t , Pi 1 ILI 11,')lif II , .1 1,. ' '_ 1 7 1;r '-. ''' -"e-;:if,". \ :- ij
--,-A, ../-In"
--- '--: ',',
:Lt.' ''-1- -',''''`'H',. , 7._-:1 71. 64.110.-*j..f"AW-6A.17A .,,,D... .A.... , 7 _ L ---°
1. 1 ki'.--11vc'l' ' , 0
i. .•f.
_
Qmw,_ qfififfifilile, - iFi':,___`:
q t I ainifirMLI11111111111111111111L, - I a, ,,-,";;;.-'' r ' ':-4
-41 -•,II 11 1 ,j i 1 I I 1 i i`1 i :''''' , 1,:''''',
Trir—77'TTi t-1 r -.,
I i , :,I 1 'i' ! 41' ,----, ',---
_. ..
. ) . i___'1'..(:1
ll 9( / „..41ai,i,I
L-' i 'c ....---
. 1,, 1. a .. Y-•-•-•L'-'-
''!, L. ',..41'111;• I'1 1 •.; • / tr iiili; :1
-, _ ' i a
= : ___ .L ."' '
,_ r:5.'": 1.,1
-. II ''
1 , . -
i-"1 - ...', rE--- E.. -1-f- CAD091
•i%:"'',[rkiti,4.,1,-A .. l '"-- v-. .- '--'-' -'.i--'7,-:.- r;
t
...._.] VIL,LIRCATaSNILSIttrol,,
. ,...j.' I'l 4-1
CITY POINT PUBLIC IMPROVEMENT DISTRICT
78
SERVICE AND ASSESSMENT PLAN
1
EXHIBIT I —CONCEPT PLAN CITY POINT
/
/-,,,,\,.,//,\,/,,,/,'..k,.,i...",,;..,f,"?1'„"•,„,•.,A\,\0g..%„,.:,,x>„.<',..,\•,.,,,,,.,;.,,,,\'\:,,\_,''„\>,y•,';,.,,,s,-,5,<,..,•t<`.;...,,.),
e\.\'.,.„.,,!/t,,,.,".\,4i,./t.4..,L,.,..,,.,;'',,.N''':','-..1/'.N-'0,„,'''•,',I,.-'.,,,"'.,,9.:'i.A.,.r''9„`,4-,,-.,.,-.,.'.,?,,,.'',''''4.t'.;1-;?4ki,4/,./.„-"4.:,ti,..,,'v;".,,,,,',,-',../o,•,.4.t/•4,,,--W'.2 4''PA'1''A'`/*'>'."t'#'.4'.,'•',-".-,*'',-4.1/',":„":'-',I-„'P,-i,'.'A0i,-.,e,
-''.1',.,'.,,7'.f,,,.,,.1,',..,liN,•,-•,2•,,„4r'„.-'.AN,4,,l,-,,,7^.,.a..p,.-.i.._,,k,,r,,„..,..,r,,4:"\'4;•‘,,r,f,l,,.,i:'‘e,,.,A..•i.P..',.4e,c'"-A-ev""',,5"-‘t--.:''rl.!tl.,'."-r^
.:.-
.-:,,...
1
-\\ O:7::-,—''_-..'.:'R.., A L- L A
YO UiL T
" / ,; ; : isiNGLE-FAMILY(SEE---:-T-_-i,-ABLE)
` r2jmuLTI-FAMILY
' -
./ - , ' COMMERCIAL
, :
. , 4 , , ( : lcITYHALL
o. r 3 "ENspACE
\c,X / er • - ) °P NspAcENEARBY
/ *1;t OPEN SPACE PLAZA N i ' PAVEMENT'sTREETs11A:1 N-
:1
, -L
\ /, / \\"--.' f;',.'" , `"%..." * • 41/4,o -..... -.:1
4,-
„,,„,ch-,Vd.° ..„,
;9'''.7;7:::::-::-'s:-":'ll'
pp
//:" _,7". -''''mt\NI,z-4v41.,,, --,-,44.-- ,„ - i• .7"--','.'ii4 '..,,,:,4 ...::,-, ' \':':\
1 \.• ••'' 2/ .. ,!, '''' 4-'.,'..e.';.''`i_:".‘•\\,'''' '''NNi.,:?.,X..:4-4':',44' ,' 1 I I M '''''')3' • ''t
1 \ ,..,,•<, j'Air_..„. 4:,'; -•''' "4-4•Ki.f.f.'''*j•"...,, ,'\'''''''''6-447. -4: I. ,..' mr, ',-,7:-.r .-
:A
! :> , •),_ .,;•''.1 4,,'"'T# :1' 4 .., ,,, ,,,,,,,,,‘ ,?,,, •+0' 71111111111u„t„..- I 17607.1tadw'''" n '72tit...ik"th.W
l
,....ntal arr. . LI.0
e.- „D.siont..:7;..t.
' ''''', ,r;;;;:;'*\(>;:->-,., 3= - ---- `t---*,-
,
,,,,„. .._
1 .ttell.nd."'
- -- ',‘ •A'4 Om ' ' ' ..., 4 .N. .- ''4 . -i..4.'
,L/ '' :11..., ,. , ,"14‘' .,;iil''. ': '''. ..,.11,11..., ._ ',.'''' `' :,,,,,\'' ,-4
!
,F61. - ' --------:----L, 'i, Ill
= -.1..,
(A- . ., 1 i - . ,... ...,i'
,I .
.
; , . ) , -.' , '1
„f„,, .21. '. r—.---. `--- HAmilirk '0.,\ '
.T. —
'Ali 10,--,, ,r,'"1,1-._ f.:-'T.- t, i Atliffge4
'-'-' ' 'i4.,.:"I • ,-,-1-,'="=----- i 1 : I i m , kri
-^...—
i _ I„ 1--- _ ; ; f:, - . [ 44/411{L'1144"11P4 --,A. i4P- - - t Ai
, 4 ,--,--_— , ----. 1 iti, -. -
..„ ,
.............„.._
lil ' ''' ' . .,.. := --ri' E . ''...--:' 1!
,...„.*., ../4- 4:1 ,.,, i -I
6111111j " 111----H'4.---- . .
"-ELL 41
1 dr -t- r ! li
11 I -— --:-- ,, 1.,....•-
0 , .. ..
-.;.. ,-., , '----- ', ,- --, 1 1.-- J i
,
1 1
-A ___ ---, —A-,
, . J
( c.&I,i- - .. ,-= -
,
79
I-11 --.--- —
1 ,
CITY POINT PUBLICIMPRO AVPELMENN T DISTRICT
SERVICE AND ASSESSMENT
EXHIBIT J — MAXIMUM ASSESSMENT BY LOT TYPE
•
° Average. .i•
Finished Lot Annual TIRZ No.'3a
Units/ Value per TotalFin'ished AV per Unit/. ( Total, Assessment AtrerageaAnnual',Installment PertAnnual•
Lot type Acres' Unit/Acre. Lot Value.._ _Acre' _Total.AV j1Assessrnent _Per Unit/Acre Ins€aliment Unit/.Acre,. PPIDTR mlj Credit3_ y
Single Family Tracts 2
Lot Type SF1(Townhomes) 196 $ 59,729 $ 11,706,954 $ 290,000 $ 56,840,000 $ 3,493,835 $ 17,826 $ 278,104 $ 1,419 $ 0.4893 $ (0.0674)
Lot Type SF2(Urban Homes) 122 $ 62,819 $ 7,663,894 $ 305,000 $ 37,210,000 $ 2,287,220 $ 18,748 $ 182,059 $ 1,492 $ 0.4893 $ (0.0674)
Lot Type SF3(Bungalows) 46 $ 66,938 $ 3,079,151 $ 325,000 $ 14,950,000 $ 918,945 $ 19,977 $ 73,147 $ 1,590 $ 0.4893 $ (0.0674)
Subtotal 364 $ 22,450,000 $ 109,000,000 $ 6,700,000 $ 533,310 $ 0.4893 $ (0.0674)
Multifamily Tracts •
Lot Type MF 8.5332 $ 1,265,645 $ 10,800,000 $ 5,859,467 $ 50,000,000 S 3,060,000 $ 358,599 $ 238,298 $ 27,926 $ 0.4766 $ -
Subtotal 8.5332 $ 10,800,000 $ 50,000,000 $ 3,060,000 $ 238,298 $ 27,926 $ 0.4766 $ -
Commercial Tracts
Lot Type Commercial 4.7621 $ 1,054,157 $ 5,020,000 $ 6,047,752 $ 28,800,000 $ 1,820,000 $ 382,184 $ 168,168 $ 35,314 $ 0.5839 $ (0.5839)
Subtotal 4.7621 $ 5,020,000 $ 28,800,000 $ 1,820,000 $ 168,168 $ 35,314 $ 0.5839 $ (0.5839)
Total $ 38,270,000 $ 187,800,000 $ 11,580,000
Notes:
1)Development assumptions as provided by MM City Point 53,LLC.
2)PID tax rate equivalent per$100 assessed valuation for Single Family Tracts include its allocable share of Improvement Zone A Annual Installment and Improvement Zone B Annual Installment.
3)TIRZ No.3 Annual Credit estimate per$100 assessed valuation.
CITY POINT PUBLIC IMPROVEMENT DISTRICT
80
SERVICE AND ASSESSMENT PLAN
EXHIBIT K- MAXIMUM TIRZ NO. 3 ANNUAL CREDIT AMOUNT BY LOT TYPE FOR IMPROVEMENT ZONE A
ai 1 '. .- �t l:CreditAmount. .k `� ; ., ..D
t,Maximum.Amnia! o o - . Net
Principal Average Annual Equivalent Equivalent l . TiRZ Net Annual ° °Net EqUivalent I
Estimated AV Assessmeht:per Installment Per PI,D Tax Total Tax °No.3 Crediteper Installment Per° Equivalent Total Tax,
Lot Type, r per Unit/Acre Unit/Acre _ Unit/Acre Rath _Rate t Unit/Acre. . 'Unit/Acre. PiD Tex®Rate_ . Jtate_ °_;
Single Family Tracts
Lot Type SF1 $ 290,000 $ 17,825.69 $ 1,418.90 $ 0.4893 $ 3.0338 $ (195.44) $ 1,223.46 $ 0.4219 $ 2.9664
Lot Type SF2 $ 305,000 $ 18,747.71 $ 1,492.29 $ 0.4893 $ 3.0338 $ (205.55) $ 1,286.74 $ 0.4219 $ 2.9664
Lot Type SF3 $ 325 000 19 977.06 1 590.15 0.4893 3.0338 (219.03) 7 YP $ $ $ $ $ 1 3 1.12 0.4219 2.9664
Commercial Tracts
Lot Type Commercial $ 6,047,752 $ 382,184.33 $ 35,313.80 $ 0.5839 $ 3.1284 $ (35,313.80) $ - $ - $ 2.5445
CITY POINT PUBLIC IMPROVEMENT DISTRICT 81
SERVICE AND ASSESSMENT PLAN
EXHIBIT L— FORM OF NOTICE OF PID ASSESSMENT TERMINATION
P3Works, LLC
350 Rufe Snow Drive, Suite 200
Ks
Keller,TX 76248
[Date]
Tarrant County Clerk's Office
Honorable Mary Louise Nicholson
100 W.Weatherford
Fort Worth,TX 76196
Re: City of North Richland Hills Lien Release documents for filing
Dear Ms. Nicholson
Enclosed is a lien release that the City of North Richland Hills is requesting to be filed in your
office.Lien release for[insert legal description]. Recording Numbers: [Plat].Please forward copies
of the filed documents to my attention:
City of North Richland Hills
Attn:Alicia Richardson
4301 City Point Drive
Second Floor
North Richland Hills,TX 76180
Please contact me if you have any questions or need additional information.
Sincerely,
[Signature]
P3Works, LLC
(817) 393-0353
Admin@P3-Works.com
www.P3-Works.com
CITY POINT PUBLIC IMPROVEMENT DISTRICT 82
SERVICE AND ASSESSMENT PLAN
AFTER RECORDING RETURN TO:
Alicia Richardson
4301 City Point Drive
Second Floor
North Richland Hills,TX 76180
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON,YOU MAY REMOVE OR
STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC
RECORDS:YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER.
FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN
STATE OF TEXAS §
§ NOW ALL MEN BY THESE PRESENTS:
COUNTY OF TARRANT §
THIS FULL RELEASE OF PUBLIC IMPROVEMENT DISTRICT LIEN (this "Full Release") is
executed and delivered as of the Effective Date by the City of North Richland Hills Texas, a Texas
home rule municipality.
RECITALS
WHEREAS, the governing body (hereinafter referred to as the "City Council") of the City
of North Richland Hills,Texas(hereinafter referred to as the"City"), is authorized by Chapter 372,
Texas Local Government Code,as amended(hereinafter referred to as the"Act"),to create public
improvement districts within the corporate limits and of the City; and
WHEREAS, on or about September 9, 2019, the City Council for the City, approved
Resolution No. 2019-035, creating the City Point Public Improvement District; and
WHEREAS, the City Point Public Improvement District consists of approximately 52.873
contiguous acres within the and corporate limits of the City/County; and
WHEREAS, on or about December 9, 2019, the City Council, approved Ordinance No.
, (hereinafter referred to as the "Assessment Ordinance") approving a service and
assessment plan and assessment roll for the Property within City Point Public Improvement
District; and
CITY POINT PUBLIC IMPROVEMENT DISTRICT 83
SERVICE AND ASSESSMENT PLAN
WHEREAS,the Assessment Ordinance imposed an assessment(the"Lien") in the amount
of [amount] (hereinafter referred to as the "Lien Amount") for the following property: [legal
description], a subdivision in Tarrant County, Texas, according to the map or plat of record in
Document/Instrument No. of the Plat Records of Tarrant County, Texas (hereinafter
referred to as the "Property"); and
WHEREAS,the property owners of the Property have paid unto the City the Lien Amount.
RELEASE
NOW THEREFORE,the City, the owner and holder of the Lien, Instrument No. , in the
Real Property Records of Tarrant County, Texas, in the amount of the Lien Amount against the
Property releases and discharges, and by these presents does hereby release and discharge,the
above-described Property from said Lien held by the undersigned securing said indebtedness.
EXECUTED to be EFFECTIVE this the day of , 20_
CITY/COUNTY OF TARRANT,TEXAS,
A Texas home rule municipality,
By:
Mark E. Hindman, City Administrator
ATTEST:
Alicia Richardson, City Secretary
STATE OF TEXAS §
COUNTY OF TARRANT §
This instrument was acknowledged before me on the day of
20_, by Mark E. Hindman, City Administrator for the City of North Richland Hills,Texas, a Texas
home rule municipality, on behalf of said municipality.
Notary Public, State of Texas
CITY POINT PUBLIC IMPROVEMENT DISTRICT 84
SERVICE AND ASSESSMENT PLAN