Res 2018-139/Public Hearing on Resolution 2018-139R, approving a notice of the 2018 amended and restated service and assessment plan with Highpointe Trace, LLC. in connection with the Trace Public Improvement District

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collectively refer to the Initial Major Improvement PID Bonds and any Additional Major Improvement PID Bonds throughout this 2018 SAP. “Non-Benefited Property” means Parcels within the boundaries of the Property that accrue no special benefit from the Public Improvements, including Owner’s Association Property, Public Property and easements that create an exclusive use for a public utility provider. Property identified as Non-Benefited Property at the time the Special Assessments (i) are imposed or (ii) are reallocated pursuant to a subdivision of a Parcel is not assessed. Assessed Property converted to Non-Benefited Property, if the Special Assessments may not be reallocated pursuant to Section VI.C or Section VI.D, remains subject to the Special Assessments and requires the Special Assessments to be prepaid as provided for in Section VI.E. “Owner’s Association” means a homeowner’s association or property owner’s association. “Owner’s Association Property” means property within the boundaries of the PID that is owned by or irrevocably offered for dedication to, whether in fee simple or through an exclusive use easement, an Owners’ Association established for the benefit of a group of homeowners or property owners within the PID. “Parcel” means a property identified by either a tax map identification number assigned by the Hays County Appraisal District for real property tax purposes, by metes and bounds description, 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” means the Trace Public Improvement District created by the City pursuant to Resolution No. 2015-145R approved on October 20, 2015. “PID Act” means Chapter 372 of the Texas Local Government Code, as amended. “PID Financing Agreement” means that certain financing agreement between the Highpointe Trace, LLC and the City approved by Resolution No. 2015-146R on October 20, 2015, as amended. “Prepayment Costs” mean interest and expenses to the date of prepayment, plus any additional expenses related to the prepayment, reasonably expected to be incurred by or imposed upon the City as a result of any prepayment of a Special Assessment and the Major Improvement PID Bonds secured by such Special Assessment. “Property” means the approximately 417.63 acres of property depicted and described by metes and bounds on Exhibit A to Resolution No. 2015-146R as adopted by City Council on October 29, 2015 of which 320.28 acres are developable and are to be assessed with a Special Assessment. The Property is located within the City and is legally described in Appendix B to this 2018 SAP and is depicted in Table II.A of this 2018 SAP. 6