ORD 2026-27 PID Service and Assessment Planenton
�IIIIIIIWIIIIYI����tlY��ll'1115151*IWIIIIII�IIIIYII D Countykak`Y
Instrument Number: 108955
Real Property Recordings
ORDINANCE
Recorded On: September 15, 2026 04:36 PM
Number of Pages: 39
" Examined and Charged as Follows: "
Total Recording: $177.00
*********** THIS PAGE IS PART OF THE INSTRUMENT ***********
Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY
because of color or race is invalid and unenforceable under federal law.
File Information:
Document Number:
Receipt Number:
Recorded Date/Time
User:
Station:
108955
20260915000677
September 15, 2026 04:36 PM
Debra B
Station 40
Record and Return To:
TOWN OF TROPHY CLUB
1 TROPHY WOOD DR
TROPHY CLUB TX 76262
•-« STATE OF TEXAS
G�UNI, COUNTY OF DENTON
I hereby certify that this Instrument was FILED In the File Number sequence on the date/time
printed hereon, and was duly RECORDED in the Official Records of Denton County, Texas.
Juli Luke
',. 1846 County Clerk
�'0*0"** Denton County, TX
TOWN OF TROPHY CLUB
ORDINANCE NO. 2026-27
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF TROPHY
CLUB, TEXAS, ACCEPTING AND APPROVING AN UPDATE OF THE
SERVICE AND ASSESSMENT PLAN AND AN UPDATED ASSESSMENT
ROLL FOR THE TOWN OF TROPHY CLUB PUBLIC IMPROVEMENT
DISTRICT NO. 1 ("PID") IN COMPLIANCE WITH CHAPTER 372
(AUTHORIZED IMPROVEMENT ASSESSMENT); MAKING AND
ADOPTING FINDINGS; PROVIDING FOR THE INCORPORATION OF
FINDINGS; ACCEPTING AND APPROVING THE ANNUAL SERVICE AND
ASSESSMENT PLAN UPDATE AND UPDATED ASSESSMENT ROLL FOR
THE PID ATTACHED AS EXHIBIT "A" HERETO; PROVIDING A
CUMULATIVE REPEALER CLAUSE; PROVIDING SEVERABILITY; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town of Trophy Club (the "Town") is a home rule municipality acting
under its charter adopted by the electorate pursuant to Article XI, Section 5 of the Texas
Constitution and Chapter 9 of the Local Government Code; and
WHEREAS, on May 7, 2007, after due notice, the Town 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 Sec. 372.009 of the Public Improvement District
Assessment Act, Chapter 372, Texas Local Government Code, as amended (the "PID Act")
and made the findings required by Sec. 372.009(b) of the PID Act and, by Resolution No.
2007-08 adopted by a majority of the members of the Town Council, authorized the PID in
accordance with its finding as to the advisability of the public improvements and services;
and
WHEREAS, on November 5, 2007, after notice and a public hearing conducted in
the manner required by law, the Town Council adopted Ordinance No. 2007-29, which was
supplemented by Ordinance No. 2009-24 adopted by the Town Council on September 28,
2009 (as supplemented, the "Assessment Ordinance"); and
WHEREAS, on December 13, 2007, the Town Council issued special assessment
revenue bonds secured by the assessments levied pursuant to the Assessment Ordinance
(the "2007 Bonds"); and
WHEREAS, on December 22, 2015, the Town Council issued special assessment
revenue refunding bonds (the "2015 Bonds"), to refund in full the 2007 Bonds, such 2015
Bonds being secured by the assessments levied pursuant to the Assessment Ordinance;
and
WHEREAS, on May 29, 2025, the Town Council issued special assessment revenue
refunding bonds (the "2025 Bonds"), to refund in full the 2015 Bonds, such 2025 Bonds
being secured by the assessments levied pursuant to the Assessment Ordinance; and
ORDINANCE NO. 2026-27
PAGE 2
WHEREAS, Section 372.013 of the PID Act and the Service and Assessment Plan
require that the Service and Assessment Plan and Assessment Roll be annually reviewed
and updated; and
WHEREAS, pursuant to the issuance of the 2025 Bonds, the Service and
Assessment Plan was updated by Ordinance No. 2025-30 on September 22nd, 2025, to
reflect the issuance of the 2025 Bonds; and
WHEREAS, the Annual Service and Assessment Plan Update and Updated
Assessment Roll, which were adopted by Ordinance No. 2025-30, conform the original
Assessment Roll to the principal and interest payment schedule required for the 2025
Bonds, thereby reducing the amounts listed on the original Assessment Roll, and update
the Assessment Roll to reflect prepayments, property divisions and changes to the budget
allocation for District public improvements that occur during the year, if any; and
WHEREAS, the Town Council now desires to proceed with the adoption of this
Ordinance which supplements the Assessment Ordinance and approves and adopts the
Annual Service and Assessment Plan Update and the Updated Assessment Roll, which are
attached hereto as Exhibit "A", in conformity with the requirements of the PID Act, for the
fiscal year beginning October 1, 2026, and ending September 30, 2026.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS:
SECTION 1.
INCORPORATION OF FINDINGS
The findings and determinations set forth in the preambles above are incorporated
herein for all purposes and are hereby adopted.
SECTION 2.
ANNUAL SERVICE AND ASSESSMENT PLAN UPDATE AND UPDATED
ASSESSMENT ROLL
The Annual Service and Assessment Plan Update and Updated Assessment Roll
attached hereto as Exhibit "A" are hereby accepted and approved in compliance with the
PID Act in all matters as required by law.
SECTION 3.
CUMULATIVE REPEALER
That this Ordinance shall be cumulative of all other Ordinances and shall not repeal
any of the provisions of such Ordinances except for those instances where there are direct
conflicts with the provisions of this Ordinance. Ordinances or parts thereof in force at the
time this Ordinance shall take effect and that are inconsistent with this Ordinance are hereby
ORDINANCE NO. 2026-27
PAGE 3
repealed to the extent that they are inconsistent with this Ordinance. Provided however,
that any complaint, action, claim, or lawsuit which has been initiated or has arisen under or
pursuant to such Ordinance on the date of adoption of this Ordinance shall continue to be
governed by the provisions of that Ordinance and for that purpose the Ordinance shall
remain in full force and effect.
SECTION 4.
SEVERABILITY
If any provision, section, subsection, sentence, clause, or phrase of this Ordinance,
or the application of same to any person or set of circumstances is for any reason held to
be unconstitutional, void, or invalid, the validity of the remaining portions of this Ordinance
or the application to other persons or sets of circumstances shall not be affected thereby,
it being the intent of the Town Council that no portion hereof, or provision or regulation
contained herein shall become inoperative or fail by reason of any unconstitutionality,
voidness, or invalidity of any other portion hereof, and all provisions of this Ordinance are
declared to be severable for that purpose.
SECTION 5.
EFFECTIVE DATE
This Ordinance shall take effect, and the levy of the Assessments, and the
provisions and terms of the Annual Service and Assessment Plan Update and the
Updated Assessment Role attached hereto as Exhibit "A" shall be and become effective
upon passage and execution hereof in accordance with the law.
ADOPTED, PASSED, and APPROVED by the Town Council, by a vote of
members voting "for', members voting "against", and with
absentees on this 14th day of September 2C
ATTEST:
i _ WAA . A Mil.
AP
--•77M=
ORDINANCE NO. 2026-27
PAGE 4
Exhibit "A"
Annual Service and Assessment Plan Update
and Updated Assessment Roll
Aw
www.FinanceDTA.com
ANNUAL SERVICE PLAN
UPDATE (2026)
TOWN OF TROPHY CLUB
TROPHY CLUB PID NO. 1 (PID4)
THE HIGHLANDS AT TROPHY CLUB
Report Date: SEPTEMBER 14, 2026
Public Finance
Public -Private Partnerships
Development Economics
Clean Energy Bonds
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Dallas, TX 75205
TOWN OF TROPHY CLUB
TOWN OF
TROPHY CLUB
ANNUAL SERVICE PLAN UPDATE (2026)
TOWN OF TROPHY CLUB
PUBLIC IMPROVEMENT DISTRICT NO. 1 (PID4)
THE HIGHLANDS AT TROPHY CLUB
Prepared for:
The Town of Trophy Club
1 Trophy Wood Drive
Trophy Club, TX 76262
TABLE
OF CONTENTS
SECTION
I
PLAN DESCRIPTION AND DEFINED TERMS .......1
AIntroduction
.....................................................................1
II
UPDATE OF THE SERVICE PLAN .........................
2
A
Annual Budget for the Public
Improvements.................................................................2
B
Annual Installments....................................................... 3
C
Estimated vs. Actual Costs of Authorized
Improvements.................................................................4
D
Description of Projects .................................................. S
E
Annual Budget for the Repayment of
Indebtedness...................................................................6
FPrepayments
....................................................................
6
III
UPDATE OF THE ASSESSMENT PLAN .................
9
IV
UPDATE OF THE ASSESSMENT ROLL ...............10
APPENDICES
APPENDIX A 2026 ASSESSMENT ROLL
APPENDIX B BUYER DISCLOSURE FORM
APPENDIX C 2026 AGGREGATE AMORTIZATION
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SECTION I
PLAN DESCRIPTION AND DEFINED
PLAN DESCRIPTION AND DEFINED TERMS
A Introduction
The Town of Trophy Club Public Improvement District No. 1 (the "PID") was created
pursuant to the Public Improvement District Assessment Act, Subchapter A of Chapter 372,
Texas Local Government Code, as amended (the "PID Act") and a resolution of the Town
Council (the "Council") on April 16, 2007 to finance certain public improvement projects for
the benefit of the property in the PID. The Town of Trophy Club Public Improvement District
No. 1 Special Assessment Revenue Bonds, Series 2007 (the "2007 Bonds") in the aggregate
principal amount of $27,500,000 were issued to finance, refinance, provide or otherwise
assist in the acquisition, construction and maintenance of the public improvements
provided for the benefit of the property in the PID (the "Authorized Improvements").
Refunding of all outstanding 2007 Bonds occurred in December 2015 through the issuance
of the Town of Trophy Club Public Improvement District No. 1 Special Assessment Revenue
Refunding Bonds, Series 2015 (the "2015 Bonds") in the aggregate principal amount of
$26,154,979.
Refunding of all outstanding 2015 Bonds occurred in May 2025 through the issuance of the
Town of Trophy Club Public Improvement District No. 1 Special Assessment Revenue
Refunding Bonds, Series 2025 (the "2025 Bonds") in the aggregate principal amount of
$12,905,000. All funds have been expended for the acquisition, construction and
maintenance of the Authorized Improvements, and no further expenditures are anticipated
to be made for such purposes.
A service and assessment plan (the "Service and Assessment Plan") was prepared at the
direction of the Town identifying the Authorized Improvements to be provided by the PID,
the costs of the Authorized Improvements, the indebtedness to be incurred for the
Authorized Improvements, and the manner of assessing the property in the PID for the costs
of the Authorized Improvements. Pursuant to Sections 372.013, 372.014, and 372.015 of the
PID Act, the Service and Assessment Plan is to be reviewed and updated annually. The
update of the Service and Assessment Plan (the "Annual Service and Assessment Plan
Update") for 2026 includes the 2026 assessment roll (the "2026 Assessment Roll") identifying
the assessments on each parcel, based on the method of assessment set forth in the Service
and Assessment Plan, as amended, and pursuant to this Annual Service Plan Update. Section
372.015 of the PID Act states that the governing body of the municipality shall apportion the
cost of an improvement to be assessed against property in an improvement district, and the
apportionment shall be made on the basis of special benefits accruing to the property
because of the improvement. The method of assessing the costs of the Authorized
Improvements to the property in the PID is summarized in Section III of this Annual Service
and Assessment Plan Update.
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
1
SECTION II
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II UPDATE OF THE SERVICE PLAN
UPDATE OF THE SERVICE PLAN
A Annual Budget for the Public Improvements
Table II-1 below shows the sources and uses of funds for the 2025 Bonds.
Table II-1: Sources and Uses of Funds
SOURCES OF FUNS
Par Amount of Bonds
$12,905,000.00
Net Premium
$411,129.95
Available Funds
Pledged Revenue Fund
$3,177,581.03
Bond Fund
$3,648.95
Reserve Fund
$2,551,146.23
Prepayment / Delinquency Fun
$348,619.04
Administrative Fund
$71,397.89
Redemption Fund
$68,904.58
TOTAL SOURCES OF FUNDS
$19,537,427.67
USE OF FUNDS
Bond Proceeds
Refunding Escrow Deposit
$18,589,191.25
Fund Deposits
Administrative Fund
25,000.00
Reserve Fund
$226,014.72
Prepayment / Delinquency Reserve Fund
$125,000.00
Costs of Issuance
$410,909.20
Underwriter's Discount
$161,312.50
TOTAL USES OF FUNDS
$19,537,427.67
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
2
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SECTION II
UPDATE OF THE SERVICE PLAN
Pursuant to the PID Act, a service plan must cover a period of at least five years (Sec.
372.013(b)). The projected Assessment Installments and annual debt service related to
the Authorized Improvements are shown in Table II-2 below.
Table II-2: Cash Flow Projections
Note: May not sum due to rounding.
B Annual Installments
The Assessment imposed on any parcel may be paid in full at any time. If not paid in full,
the Assessments are payable in annual installments of principal and interest (the "Annual
Installments") the last of which is scheduled for the 2031 tax year. Pursuant to the Service
and Assessment Plan, each Assessment bears interest at the rate of interest borne by the
2025 Bonds. The 2026 Annual Installments shall be billed by the Town in 2026 and will
be delinquent on February 1, 2027.
Pursuant to the Service and Assessment Plan, the Annual Service Plan Update shall show
the remaining balance of the Assessments, the Annual Installment and the Annual
Collection Costs to be collected from each Parcel. Annual Collection Costs shall be
allocated to each Parcel pro rata based upon the amount the Annual Installment on a
Parcel bears to the amount of Annual Installments in the PID as a whole that are payable
at the time of such allocation. Each Annual Installment shall be reduced by any credits
applied under the Indenture.
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
3
SECTION II
dtaUPDATE OF THE SERVICE PLAN
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C Estimated vs. Actual Costs of Authorized Improvements
The original estimated cost of the Authorized Improvements as set forth in the Service
and Assessment Plan, including contingency, was $22,438,977, with $20,449,965
allocated to the PID as shown in Table II-3 below. The 2016 Annual Service and
Assessment Plan Update revised the cost for the Authorized Improvements to
$22,704,189 which reflects actual costs to -date, with $20,703,427 allocated to the PID.
As stated above in the Introduction to this Annual Service and Assessment Plan Update,
all funds have been expended for the acquisition, construction and maintenance of the
Authorized Improvements and no further expenditures are anticipated to be made for
such purposes.
Table II-3: Estimated v. Actual Costs of the Project
ORIGINAL
ESTIMATED i ACTUAL COSTS
• ST ExPENDED STATUS
..•JECT
HARD COSTS
THOROUGHFARE IMPROVEMENTS
Thoroughfare Improvements South of NW Pkw
Thoroughfare Improvements not South of NW
Pkwy
WATER PROJECTS
Water Distribution System
Elevated Water Tank
Wastewater Collection System
TRAILS, LANDSCAPING/IRRIGATION, & SCREENING WALLS
Trail System and Open Space
Thoroughfare Landscaping and Irrigation
$3,046,144
$2,976,933
100%
$3,794,484
$5,197,124
100%
$1,148,100
$960,000
$1,064,797
$1,032,838
100%
100%
$796,050
$941,591
100%
$1,011,039
$1,916,746
$922,863
$1,393,4S2
100%
100%
Screening Walls and Neighborhood Entry
Features
MONUMENT
Development Signature Monument
PARKS
Public Parks
Park Drainage Improvements
$700,000
$1,201,681
100%
$0
$0
100%
$4,914,916
$4,914,806
100%
$925,049
$1,048,799
100%
TOTAL HARD COSTS
$19,212,528
$20,694,884
100%
SOFT COSTS
Construction Administration/Management
Contingency
$50,000
$1,187,437
$8,543
100%
100%
GRAND TOTAL
$20,449,965
$2.0,703,427
100%
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
4
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D Description of Projects
SECTION II
UPDATE OF THE SERVICE PLAN
The PID consists of 1,409 residential units, two parks, entry monuments, and associated
rights -of -way, landscaping, and infrastructure necessary to provide roadways, drainage
and utilities to the PID. A brief description of the Authorized Improvement projects
follows below.
1. Thoroughfare Improvements
Northwest Parkway, Trophy Club Drive South of Northwest Parkway, and
Intersection Improvements.
2. Thoroughfare Improvements
Trophy Club Drive other than South of Northwest Parkway, Trophy Club
Park Drive.
3. Water Distribution System
12"/16" water line; 12" water lines in Trophy Club Drive, along Marshall
Creek Road West, and in School Site Oversizing.
4. Elevated Water Tank
S. Wastewater Collection System
Sanitary sewer line within Trophy Club Drive and sewer line to existing
system.
6. Trail System and Open Space
Improvements to the trail system include the construction of new access
paths (including paving) to the Town's existing parks and green space.
7. Thoroughfare Landscaping and Irrigation
Thoroughfare streetscape, median landscaping, sidewalks, irrigation
ponds, and irrigation wells.
8. Screening Walls and Neighborhood Entry Features
Trophy Club Drive decorative masonry screening walls, Marshall Creek
Road East thin screening wall, and neighborhood entry features.
9. Development Signature Monument (Tower)
10. Public Parks
Improvements to the Northeast and Northwest parks including
playgrounds, pavilions, restrooms, soccer fields, baseball fields, and the
aquatic facility.
Town of Trophy Club, Trophy Club PID No. 1 (PID4) September 14, 2026
Annual Service Plan Update (2026)
SECTION II
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11. Park Drainage Improvements
UPDATE OF THE SERVICE PLAN
The park drainage improvements consist of burying drainage
improvements to the land on which the improvements are located so that
the recovered land can be used for a park and commercial development.
12. Construction Administration/Management
E Annual Budget for the Repayment of Indebtedness
PID budgeted revenues and expenditures as well as a year-end cash flow analysis are
shown by Table II-4. The 2026 Annual Installments equal $2,301,880.00.
Table II-4: 2026 Budget for Annual Installments
F Prepayments
Table II-S on the following page lists the parcels for which prepayments have been
received to -date.
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
6
SECTION II
dtaUPDATE OF THE SERVICE PLAN
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Table II-5: Prepaid Parcels to -date
469281
469290
533318
533328
533337
534861
534876
534877
534886
558448
558521
469327
470249
470252
470253
470263
470265
498935
533259
533293
533365
533413
558502
558503
567359
583521
583522
583586
558342
558370
583378
583484
583498
583659
635079
635087
635088
635113
635149
635152
465559
465572
470058
470081
557655
557674
583316
According to the Service and Assessment Plan, 1,474 units were estimated to be built
within the PID, representing a total of 986.19 Equivalent Units. Note, however, that
Phases I, IIA, and IIB of the Preliminary Plat of The Highlands at Trophy Club
Neighborhood 8 and corresponding to the amended Service and Assessment Plan Update
approved by the Town on September 27, 2010, resulted in a reduction of Equivalents
Units and a corresponding Assessment prepayment. The current totals are shown in
Table II-7 below.
The Annual Installment for each Lot Type is calculated by multiplying the Annual
Installment for one Equivalent Unit by the equivalent unit factor for each Lot Type. The
Annual Installment to be collected from each of the remaining Lot Types is calculated
and shown in Table II-6 below.
Town of Trophy Club, Trophy Club PID No. 1 (PID4) September 14, 2026
Annual Service Plan Update (2026) 7
SECTION II
dtaUPDATE OF THE SERVICE PLAN
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Table II-6: Annual Installment per Lot Type
•
Type 1
152
1.00
$2, 453.64
$2, 453.64
$372, 953.28
Type 2
491
0.76
$2, 453.64
$1, 864.76
$915, 597.16
Type 3
363.5
0.62
$2, 453.64
$1, 521.26
$5 52, 978.01
Type 4
354
0.53
$2, 453.64
$1, 300.43
$460, 352.22
Type 5
0
0.44
$2,453.64
$1,079.60
$0.00
Total
1, 360.5
N/A
N/A
N/A
$2, 301, 880.67
Note: One Type 3 Lot has made a partial (50%) prepayment of the Assessment lien. May not
sum due to rounding.
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
8
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III UPDATE OF THE ASSESSMENT PLAN
SECTION III
UPDATE OF THE ASSESSMENT
The Service and Assessment Plan, as amended by the Town pursuant to Ordinance 2010-
24 adopted September 27, 2010, provides for the "Assessed Property" to be classified into
one of five categories for the purpose of allocating the Assessments, as follows:
i. Lot Type 1 (12,000 square foot minimum lots),
ii. Lot Type 2 (10,000 square foot minimum lots),
iii. Lot Type 3 (8,400 square foot minimum lots),
iv. Lot Type 4 (5,250 square foot minimum lots), and
V. Lot Type 5 (3,000 square foot minimum lots).
The Service and Assessment Plan identified Equivalent Units for each Lot Type as follows:
Lot Type 1 Lots
1.00 per dwelling unit
Lot Type 2 Lots
0.76 per dwelling unit
Lot Type 3 Lots
0.62 per dwelling unit
Lot Type 4 Lots
0.53 per dwelling unit
Lot Type 5 Lots
0.44 per dwelling unit
The equivalent unit values are the ratio of the Assessments as allocated to each lot in
each property class and are based on the average estimated unit value for each class.
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
9
SECTION IV
UPDATE OF THE ASSESSMENT
dta ROLL
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IV UPDATE OF THE ASSESSMENT ROLL
The Assessment Roll is to be updated each year to reflect:
The identification of each Assessed Parcel in the PID (including, if available, the
tax parcel identification number for such Parcel), (ii) the Assessments, including
any adjustments as provided for in the Service and Assessment Plan or in the Act;
(iii) the Annual Installment for the relevant year (if such Assessment is payable) for
each Parcel; (iv) prepayments of the Assessments as provided for in this Service and
Assessment Plan and (B) any other changes helpful to the administration of the
PID and permitted by law.
The 2025 Assessment Roll is shown in Appendix A. Each Parcel is identified, along
with the Assessment on each Parcel and the Annual Installment to be collected for
2025. Assessments are to be reallocated for the subdivision of any Parcels. According
to the Service and Assessment Plan, upon the subdivision of any Parcel, the
Administrator shall reallocate the Assessment for the Parcel prior to the subdivision
among the new subdivided Parcels according to the following formula:
A=BX(C-D)
Where the terms have the following meanings:
A = the Assessment for each new subdivided Parcel.
B = the Assessment for the Parcel prior to subdivision.
C = the Equivalent Units allocated to each newly subdivided Parcel
D = the sum or the Equivalent Units for all of the new subdivided Parcels
The calculation of the Equivalent Units as to a Parcel shall be performed by the
Administrator and confirmed by the Town Council based on the information available
regarding the use of the Parcel. The estimate as confirmed shall be conclusive. The
number of units to be built on a Parcel may be estimated by net land area and reasonable
density ratios. The Lot Type shall be assigned by the description that is most comparable
to the lots being classified.
There have been no parcel subdivisions since the update of the Assessment Plan in 2017.
The list of current parcels within the PID, the anticipated land use, the estimated number
of units by lot type to be developed on the current residential parcels, the corresponding
total assessments and current annual installment are shown in the 2025 Assessment Roll
attached hereto as Appendix A. The 2026 Assessment Roll is also available at the Town
of Trophy Club, 1 Trophy Wood Drive, Trophy Club, Texas, 76262, or in the Denton
County Real Property Records.
Town of Trophy Club, Trophy Club PID No. 1 (PID4)
Annual Service Plan Update (2026)
September 14, 2026
10
APPENDIX A
Town of Trophy Club
Annual Service Plan Update (2026)
Trophy Club Public Improvement District No. 1(PID4)
2026 ASSESSMENT
ROLL
Lot Type 1
Parcel ID
67687
469275
469276
469277
469278
469279
469280
469282
469283
469284
469286
469287
469288
469289
469291
469292
469293
469296
71
469297
469298
469299
469300
469301
469302
469303
469304
469305
498867
533315
533316
533317
533319
533320
533321
533322
533323
533324
533325
533326
533327
533329
533330
533331
533332
533333
533334
533335
533336
533338
533339
533340
533341
533342
533343
533344
533345
533346
533347
533348
533349
533350
533351
533352
534852
534853
534854
534955
534856
534857
534859
534860
534862
534863
534864
534865
534866
534867
534868
534869
534870
534871
534872
534873
534874
534875
534878
534879
534880
534881
534882
534883
534894
534885
534887
534888
534889
534990
534891
534892
534893
534894
534895
534896
534897
534898
536564
536572
536575
536587
558447
S58449
558450
558451
559452
558453
559454
558455
559456
559457
558458
558513
558514
558515
558516
558517
558518
558519
S58520
558522
558523
558524
558525
558526
558527
558528
558529
558538
558545
567352
567361
567362
567369
583247
583256
583274
583283
583329
583338
S83550
583558
583S59
583567
I ..+ T. "%n ')
...... . j r _ -
469307
469316
469325
469335
470173
470197
470257
470268
469308
469317
469326
469336
470174
470198
470258
470270
469309
469318
469328
469337
470175
470204
470259
470271
469310
469319
469329
470167
470176
470205
470260
470272
469311
469320
469330
470169
470177
470250
470261
470273
469312
469321
469331
470169
470178
470251
470262
470274
469313
469322
469332
470170
470179
470254
470264
470275
469314
469323
469333
470171
470180
470255
470266
470276
F
470172
470196
470256
470267
470277
470278
470279
470280
470281
470282
470283
470294
470285
470286
470287
470288
470289
470290
470291
470292
470293
470294
470295
470296
470297
470298
470299
470300
498868
498869
498870
498871
498873
498875
498876
498877
498878
498879
498911
498912
498913
498914
498915
498916
498917
498918
498919
498920
498922
498923
498924
498925
498926
498927
498928
498929
498930
498931
498932
498933
498934
498936
498937
498938
498939
498940
498945
498946
498947
498948
498949
498950
498951
498952
498953
498954
498955
498956
533255
533256
533257
533258
533262
533264
533287
533289
533290
533291
533292
533294
533295
533296
533297
533298
533307
533309
533310
533311
533312
533313
533314
533353
533354
533355
533356
533357
533358
533359
533360
533361
533362
533363
533364
533366
533367
533368
533369
533370
533371
533372
533373
533374
533375
533376
533377
533378
533379
533380
533381
533382
533383
533394
533385
533386
533387
533388
533389
533390
533391
533392
533393
533394
533395
533396
533397
533398
533399
533400
533401
533402
533403
533404
533405
533406
533407
533408
533409
533411
533412
533414
533415
533416
533417
533418
533419
533420
533421
533422
536565
536566
536567
536569
536569
536570
536571
536576
536577
536578
536579
536580
536581
536582
536583
536594
536585
536586
558459
558460
558461
559462
558463
558464
558465
558467
558468
558469
558470
558471
558472
558473
558474
558475
558476
558477
558478
558479
558480
558481
558482
558483
558484
558485
558486
558487
558488
558489
558490
558491
558492
558493
558494
558495
5S8496
558497
558498
559499
558500
558501
558504
558505
558506
558507
558508
558509
558510
558511
558512
558530
558531
558532
558533
558534
558535
558536
559537
558539
559540
558541
558542
558543
558544
567353
567354
567355
567356
567357
567358
567360
567363
567364
567365
567366
567367
567368
583248
583249
583250
583251
583252
583253
583254
583255
583275
583276
583277
583278
583279
583290
583291
583282
583330
583331
583332
583333
583334
583335
583336
583337
583519
583520
583523
583524
583525
583526
583527
583528
583529
583530
583531
583532
S83533
583534
583535
583536
583537
583538
583539
583540
583541
583542
583543
583544
583545
583546
583547
583548
583551
583552
583553
583554
583555
583556
583557
583560
583561
583562
583563
583564
583565
583566
583573
583574
583575
583576
583577
S83578
583579
583580
583581
583582
583583
583584
583585
583587
583588
583589
583590
583591
593592
583593
583594
583595
583596
583597
583598
583599
583600
583601
583602
583603
583604
583605
583606
583607
583608
593609
583612
583613
583614
593615
583616
583617
583618
583619
583620
583621
583622
583623
583624
583625
583626
583627
583628
583629
583630
583631
583632
583633
583634
622299
622300
622301
622302
622303
622304
622305
622306
622307
622308
622309
622310
622311
622312
622313
622314
622315
622316
622317
622318
622319
622320
622321
622322
622323
622324
622325
622326
622327
622328
622329
622330
631471
3594947
Lot Tvne 3
R
470048
470049
470050
470051
470052
470053
470054
470055
470153
470154
470155
470156
470157
470158
470159
470160
470161
470162
470163
470164
470165
470166
470181
470182
470183
470184
470185
470186
470187
470198
470189
470190
470191
470192
470193
470194
470195
470199
470200
470201
470202
470203
558332
558333
558334
558335
558336
558337
558338
558339
558340
558341
558343
558344
55834S
558346
558347
558348
558349
558350
558351
558352
558353
558354
558355
558356
558357
558358
558359
558360
558361
558362
558363
558364
558365
558366
558367
558368
558369
558371
558372
558373
558374
558375
558376
558377
558378
558379
558380
558381
558382
558383
558384
558385
558386
558387
558388
558389
558390
558391
558392
558393
558394
558395
S58396
558397
558398
558399
558400
558401
558402
558403
558404
558405
559406
558407
558408
558409
558410
558411
558412
558413
558414
558415
558416
558417
558418
558419
558421
558422
559423
558424
558425
558426
558427
558428
558429
558430
558431
558432
558433
558434
558435
558436
559437
558438
558439
S58440
558441
558442
559443
558444
558445
558446
583295
583296
583297
583298
583299
583300
583319
583320
583321
583322
583323
583324
583325
583375
583376
583377
583379
583380
583381
583470
583471
583472
583473
583474
583475
583476
583477
583478
583479
583480
583481
583482
583483
583485
593486
583487
583488
583489
583490
583491
583492
583493
583494
583495
583499
583500
583501
583502
583503
583504
583505
583506
583507
583508
583509
583510
583511
583512
583513
583514
583643
583644
593645
593646
583647
583648
583649
583650
583651
593652
583653
583654
583655
583656
583657
583658
583660
583661
583662
583663
583664
583665
583666
583667
583668
583669
583670
583671
583672
583673
583674
583675
583676
583678
593679
583680
583681
583682
583683
583694
583685
583686
583687
583688
583689
583690
583691
583693
635052
635053
635054
635055
635056
635057
635058
635059
635060
635061
635062
635063
635064
635065
635066
635067
635068
635069
635070
635071
635072
635073
635074
635075
635076
635077
635078
635080
635081
635082
635083
635084
635085
635086
635089
635090
635091
635092
635093
635094
635095
635096
635097
635098
635099
635100
635101
635102
635103
635104
635105
635106
1583692
635107
635108
635109
635114
635115
635116
635117
635118
635119
635120
635121
635122
635123
635124
635125
635126
635127
635128
635129
635130
635131
635133
635134
635135
635136
635137
635138
635139
635140
635141
635142
635143
635144
635145
635146
635147
635148
635150
635153
635154
635155
635156
635157
635158
635159
635160
635161
635162
Lot Type 3 (Partial Prepaid)
635151
Tax
Assessments (b)
Principal
Interest
Net Debt Service
Year (a)
2026
$554.47
$188.89
$743.36
2027
$582.56
$160.79
$743.35
2028
$611.31
$131.66
$742.97
2029
$641.38
$101.10
$742.48
2030
$673.43
$69.03
$742.46
2031
$107.14
$35.36
$742.49
Total T
$3,770.29
$686.82
$4,457.12
Collections Costs
$17.27
$17.52
$17.79
$18.06
$18.33
$18.60
$107.56
Annual
Installment (c)
Assessment
Balance
$760.63
$3,770.29
$760.88
$3,215.82
$760.76
$2,633.26
$760.53
$2,021.95
$760.79
$1,380.57
$761.09
$707.14
$4,564.68
(a) Tax Year 2026 corresponds to Bond Year 2027. Tax Year 2026 Annual Installments will become due by January 31, 2027.
(b) Reflects the revised debt service schedule after the anticipated early brand redemption on March 1, 2027.
(c) Subject to change.
I r%+ T%To d
465509
465510
465511
465512
465513
465514
465515
465516
465517
465518
465519
465520
465521
465522
465523
465524
465525
465526
465527
465528
465529
465530
465531
465532
465533
465534
465535
465536
465537
465538
465539
465540
465541
465542
465543
465544
465545
465546
465547
465548
465549
465550
465551
465552
465553
465554
465555
465556
465557
465558
465560
465561
465562
465563
465564
465565
465566
465567
465568
465569
465570
465571
465573
465574
465575
465576
465577
465578
465579
465580
465581
465582
470056
470057
470059
470060
470061
470062
470063
470064
470065
470066
470067
470068
470069
470070
470071
470072
470073
470074
470075
470076
470077
470078
470079
470080
470092
470083
470094
470085
470086
470087
470088
470089
470090
470091
470092
470093
470094
470095
470096
470097
470098
470099
470100
470101
470102
470103
470104
470105
470106
470107
470108
470109
470110
470111
557641
557642
557643
557644
557645
557646
557647
557648
557649
557650
557651
557652
557653
557654
557656
557657
557658
557659
557660
557661
557662
557663
557665
557666
557667
557668
557669
557670
557671
557672
557673
557675
557676
557677
557678
557679
557680
557681
557682
557683
557694
557685
557686
580345
580346
580347
580349
580349
580350
580351
580352
580353
580354
580355
580356
580357
580358
580359
580360
580361
580362
580363
580364
580365
580366
580367
580368
580369
580370
580372
580373
580374
580375
580376
580377
580378
580379
580380
580381
580382
580384
580385
580386
580387
580388
580389
580390
580393
580394
580395
580396
580397
580398
580399
580400
580401
580403
580404
580405
580406
580407
580408
580409
580410
580411
580412
580413
580414
583215
583216
58321.7
583218
583219
583220
583221
583222
583223
583224
583225
583226
583227
583228
583229
583230
583231
583232
583233
583234
583235
583236
583237
583238
583239
583240
583241
583242
583243
583244
583245
583258
583259
583260
583261
583262
583233
583234
583235
583236
583237
583238
583239
583240
583241
583242
583243
583244
583245
583258
583259
583260
583261
583262
583263
583264
583265
583266
583267
583268
583269
583270
583271
583272
583285
583286
583287
583288
583289
583290
583291
583292
583293
583294
583301
583302
583303
583304
583305
583306
583307
583308
583309
583310
583311
583312
583313
583314
583315
583317
583318
583382
583383
583384
583385
583386
583387
583388
583389
593390
583391
583392
583393
583394
583395
583396
583398
593399
583400
583401
583402
583403
583404
583405
583406
583407
583408
583409
583410
583411
583412
583413
583414
583415
583416
583417
583418
583419
583420
583421
583422
583423
583424
583425
583426
583427
583428
583429
Town of Trophy Club
Annual Service Plan Update (2026)
Trophy Club Public Improvement District No. 1(PID4)
BUYER DISCLOSURE
FORM
Texas Property Code Section 5.014(A) Notice
(Required Before Contract Execution)
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public improvement
district established under Subchapter A, Chapter 372, Local Government Code (except for public
improvement districts described under Section 372.005), or Chapter 382, Local Government Code, shall
first give to the purchaser of the property this written notice, signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a performance
period of less than six months is considered a sale requiring the notice set forth below.
This Notice requirement does not apply to a transfer:
1) Under a court order or foreclosure;
2) By a trustee in bankruptcy;
3) To a mortgagee by a mortgagor or successor in interest or to a beneficiary of a deed of trust by
a trustor or successor in interest;
4) By a mortgagee or a beneficiary under a deed of trust who has acquired the land at a sale
conducted under a power of sale under a deed of trust or a sale under a court -ordered foreclosure
or has acquired the land by a deed in lieu of foreclosure;
5) By a fiduciary in the course of the administration of a decedent's estate, guardianship,
conservatorship, or trust;
6) From one co-owner to another co-owner of an undivided interest in the real property;
7) To or from a government entity; or,
8) Of only a mineral interest, leasehold interest, or security interest.
The following notice shall be given to the prospective purchaser before the execution of a binding contract
of purchase and sale, either separately or as an addendum or paragraph of a purchase contract. In the event
a contract of purchase and sale is entered into without the seller having provided the required notice, the
purchases, subject to certain exception, is entitled to terminate the contract.
A separate copy of this notice shall be executed by the seller and the purchase and must be filed in the real
property records of the county in which the property is located at the closing of the purchase and sale of the
property.
Texas Property Code Section 5.014(A) Notice
(Required Before Contract Execution)
NOTICE OF OBLIGATION TO PAY
PUBLIC IMPROVEMENT DISTRICT ASSESSMENT TO TROPHY CLUB, TEXAS
TROPHY CLUB PUBLIC IMPROVEMENT DISTRICT NO. I
CONCERNING THE FOLLOWING PROPERTY
As the purchaser of the real property described above, you are obligated to pay assessments to
Trophy Club, Texas, for the costs of a portion of a public improvement or services project (the "Authorized
Improvements") undertaken for the benefit of the property within Trophy Club Public Improvement
District No. 1 (the "District") created under Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE
ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN ANNUAL
INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF
INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY
COSTS.
The exact amount of the assessment may be obtained from Trophy Club. The exact amount of
each annual installment will be approved each year by Trophy Club Town Council in the annual service
plan update for the district. More information about the assessments, including the amounts and due dates,
may be obtained from Trophy Club.
Your failure to pay any assessment or any annual installment may result in penalties and interest
being added to what you owe or in a lien on and the foreclosure of your property.
Texas Property Code Section 5.014(A) Notice
(Required Before Contract Execution)
The undersigned purchaser acknowledges receipt of this notice before the effective date of
binding contract for the purchase of the real property at the address described above.
Buyer (Print Name) Signature Date
Buyer (Print Name) Signature
The undersigned seller acknowledges providing this notice to the potential purchaser before the effective
date of a binding contract for the purchase of the real property at the address described above.
Seller (Print Name) Signature Date
Seller (Print Name) Signature Date
Texas Property Code Section 5.0143 Notice
(Required At Closing And Must Be Recorded In Denton County Deed Of Records)
AFTER RECORDING RETURN TO:
NOTICE OF OBLIGATION TO PAY
PUBLIC IMPROVEMENT DISTRICT ASSESSMENT TO TROPHY CLUB, TEXAS
TROPHY CLUB PUBLIC IMPROVEMENT DISTRICT NO. 1
CONCERNING THE FOLLOWING PROPERTY
As the purchaser of the real property described above, you are obligated to pay assessments to
Trophy Club, Texas, for the costs of a portion of a public improvement or services project (the "Authorized
Improvements") undertaken for the benefit of the property within Trophy Club Public Improvement
District No. 1 (the "District") created under Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF THE
ASSESSMENT 1S NOT PAID IN FULL, 1T WILL BE DUE AND PAYABLE IN ANNUAL
INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF
INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY
COSTS.
The exact amount of the assessment may be obtained from Trophy Club. The exact amount of
each annual installment will be approved each year by Trophy Club Town Council in the annual service
plan update for the district. More information about the assessments, including the amounts and due dates,
may be obtained from Trophy Club.
Your failure to pay any assessment or any annual installment may result in penalties and interest
being added to what you owe or in a lien on and the foreclosure of your property.
Texas Property Code Section 5.0143 Notice
(Required At Closing And Must Be Recorded In Denton County Deed Of Records)
The undersigned purchaser acknowledges receipt of this notice before the effective date of a
binding contract for the purchase of the real property at the address described above. The undersigned
purchaser acknowledged the receipt of this notice including the current information required by Section
5.0143, Texas Property Code, as amended.
Buyer (Print Name)
Buyer (Print Name)
STATE OF TEXAS
COUNTY OF 5
Signature
Signature
Date
The foregoing instrument was acknowledged before me by and
, known to me to be the person(s) whose name(s) is/are subscribed to the foregoing
instrument and acknowledged to me that he or she executed the same for the purposes therein expressed.
Given under my hand and seal of office on this .20
Notary Public, State of Texas
Texas Property Code Section 5.0143 Notice
(Required At Closing And Must Be Recorded In Denton County Deed Of Records)
The undersigned seller acknowledges providing a separate copy of the notice required by Section
5.014 of the Texas Property Code including the current information required by Section 5.0143, Texas
Property Code, as amended, at the closing of the purchase of the real property at the address above.
Seller (Print Name)
Seller (Print Name)
STATE OF TEXAS
COUNTY OF
Signature
Signature
The foregoing instrument was acknowledged before me by
Date
and
, known to me to be the person(s) whose name(s) is/are subscribed to the foregoing
instrument and acknowledged to me that he or she executed the same for the purposes therein expressed.
Given under my hand and seal of office on this , 20
Notary Public, State of Texas
APPENDIX C
Town of Trophy Club
Annual Service Plan Update (2026)
Trophy Club Public Improvement District No. 1 (PID4)
2026 AGGREGATE
AMORTIZATION
Tax
Assessments (b)
Principal
Interest
Net Debt Service
Year (a)
2026
$1,678,000.00
$571,625,00
$2,249,625.00
2027
$1,763,000.00
$486,600.00
$2,249,600.00
2028
$1,850,000.00
$398,450.00
$2,248,450.00
2029
$1,941,000.00
$305,950.00
$2,246,950.00
2030
$2,038,000.00
$208,900.00
$2,246,900.00
2031
$2,140,000.00
$107,000.00
$2,247,000.00
Total
T $11,410,000.00
$2,078,525.00
$13,488,525.00
Collections Costs
$52,255.00
$53,030.00
$53,832.00
$54,640.00
$55,463,00
$56,291.00
1 $325,511.00
Annual
Installment (c)
Assessment
Balance
$2,301,880.00
$11,410,000.00
$2,302,630.00
$9,732,000.00
$2,302,282.00
$7,969,000.00
$2,301,590.00
$6,119,000.00
$2,302,363.00
$4,178,000.00
$2,303,291.00
$2,140,000.00
$13,814,036.00
(a) Tax Year 2026 corresponds to Band Year 2027. Tax Year 2026 Annual lnstallments will berca rte dire by January 31, 2027,
fib} Reflect 'the revised debt servlee schedule after'th 'ntl 1pat d arly bond r demptlor 6n Ma ' 4 0 7.
(c) Subject to change.
'Aw
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