Res 2020-174/approving the 2020 Annual Service Plan Update for the Trace Public Improvement District

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See Exhibit D for the debt service schedule for the Initial PID Bonds as shown in the official statement, and Exhibit E for the Annual Installment schedule for the Reimbursement Obligation. PREPAYMENT OF ASSESSMENTS IN FULL The following is a list of all Parcels or Lots that made a Prepayment in full. Property ID Lot Type Date Paid R155709 1 1/10/2020 Please see Exhibit F for a form of Notice of PID Assessment Termination. PARTIAL PREPAYMENT OF ASSESSMENTS There have been no partial prepayments of Assessments in the PID. P3Works has reviewed the following bond accounts related to the Series 2019 Bonds of the PID as of March 31, 2020 and each account contains the amount shown below. Account: 3/31/2020 Balance Pledged Revenue Fund PID Bonds Bond Pledged Revenue Account $530,135.41 Principal $ 190,000.00 Interest $ 652,975.00 Principal and Interest Account $ 842,975.00 Reimbursement Obligation Improvement Account $503,817.93 Principal $ 160,000.00 Interest $ 548,075.00 Delinquency and Prepayment Reserve Account $ 708,075.00 Additional Interest $ 58,500.00 Administrative Expenses $ 51,200.00 Total Annual Installment $ 1,660,750.00 See Exhibit D for the debt service schedule for the Initial PID Bonds as shown in the official statement, and Exhibit E for the Annual Installment schedule for the Reimbursement Obligation. PREPAYMENT OF ASSESSMENTS IN FULL The following is a list of all Parcels or Lots that made a Prepayment in full. Property ID Lot Type Date Paid R155709 1 1/10/2020 Please see Exhibit F for a form of Notice of PID Assessment Termination. PARTIAL PREPAYMENT OF ASSESSMENTS There have been no partial prepayments of Assessments in the PID. P3Works has reviewed the following bond accounts related to the Series 2019 Bonds of the PID as of March 31, 2020 and each account contains the amount shown below. Account: 3/31/2020 Balance Pledged Revenue Fund $39.29 Bond Pledged Revenue Account $530,135.41 Developer Reimbursement Pledged Revenue Account $0.00 Bond Fund Capitalized Interest Account $2.95 Principal and Interest Account $34.69 Project Fund Improvement Account $503,817.93 Costs of issuance Account $7.17 Reserve Fund Reserve Account $854,052.70 Delinquency and Prepayment Reserve Account $59,500.67 Redemption Fund $8,253.13 Administrative Fund $35,728.25 Developer Property Tax Reserve Fund $1,620.95 AIIIIIIIIIIIIiNI TRACE PID 2020 ANNUAL SERVICE PLAN UPDATE