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PARCEL SUBDIVISION
<br /> There have not been any recorded plats in the District.
<br /> LOT AND HOME SALES
<br /> Per the Quarterly Report dated June 30, 2023,there are 1,338 expected Lots at buildout with no
<br /> Lots closed to homebuilders and 1,338 Lots owned by the Developer. Of the expected Lots, 1,024
<br /> Lots are under contract but not closed to Homebuilders.
<br /> See Exhibit C for Homebuyer Disclosures.
<br /> AUTHORIZED IMPROVEMENTS
<br /> Per the Quarterly Report dated June 30, 2023, the Authorized Improvements listed in the 2021
<br /> SAP for the District are currently under construction and projected to be completed in the first
<br /> quarter of 2024. The budget for the Authorized Improvements remains unchanged as shown in
<br /> the table below.
<br /> Improvement Area#1 Improvement Area#2 improvement Area#3
<br /> Major Improvements
<br /> Roadways $ 4,018,724.98 $ 5,671.08 0.14% $ 1,660,410.24 $ 2,343.11 0.14% $ 797,069.78 $ 1,124.80 0.14°%
<br /> Wastewater $ 1,072,831.57 $ 982,385.03 91.57% $ 443,260.12 $ 405,890.47 91.57% $ 212,784.31 $ 194,845.24 91.57%
<br /> Parks,Landscaping&Trails $ 310,268.51 $ - 0.00% $ 128,193.15 $ - 0.00% $ 61,538.34 $ - 0.00%
<br /> Water $ 208,622.11 $ - 0.00% $ - $ - 0.00% $ 41,377.89 $ - 0.00%
<br /> Soft Costs $ 589,096.95 $ 217,185.53 36.87% $ 234,345.67 $ 86,397.47 36.87% $ 116,840.88 $ 43,076.36 36.87%
<br /> District Formation Expenses $ 155,134.26 $ 92,671.90 59.74% $ 64,096.58 $ 38,289.10 59.74% $ 30,769.17 $ 18,380.45 59.74%
<br /> $ 6,354,678.37 $ 1,297,913.54 20.42% $ 2,530,305.76 $ 532,920.15 21.06% $ 1,260,380.38 $ 257,426.85 20.42%
<br /> Improvement Area#1-3
<br /> Improvements
<br /> Roadways $ - $ - 0.00% $ 300,000.00 $ - 0.00% $ 200,000.00 $ - 0.00%
<br /> Water $ 540,034.00 $ - 0.00% $ - $ - 0.00% $ - $ - 0.00%
<br /> Drainage $ 556,510.00 $ - 0.00% $ - $ - 0.00% $ - $ - 0.00%
<br /> Soft Costs $ 115,137.12 $ 33,036.91 28.69% $ 31,500.00 $ 9,038.47 28.69% $ 21,000.00 $ 6,025.65 28.69%
<br /> $ 1,211,681.12 $ 33,036.91 2.73% $ 331,500.00 $ 9,038.47 2.73% $ 221,000.00 $ 6,025.65 2.73%
<br /> Total $ 7,566,359.49 $ 1,330,950.45 17.59% $ 2,861,805.76 $ 541,958.62 18.94% $ 1,481,380.38 $ 263,452.50 17.78%
<br /> Notes:
<br /> [a]As of Draw N4,dated 6/13/2022.
<br /> WHISPER SOUTH PUBLIC IMPROVEMENT DISTRICT 2
<br /> 2023 ANNUAL SERVICE PLAN UPDATE
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