HomeMy WebLinkAbout033994 ORD - 08/18/2026ORDINANCE APPROVING THE 2026 ANNUAL UPDATE TO THE
SERVICE AND ASSESSMENT PLAN AND ASSESSMENT ROLL FOR
THE WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
IMPROVEMENT AREA #1 INCLUDING THE COLLECTION OF THE 2026
ANNUAL INSTALLMENTS.
WHEREAS, on May 17, 2022, the City Council of the City of Corpus Christi, Texas
(the "City Council") passed and approved Resolution No. 032761 authorizing the creation of the
Whitecap Public Improvement District No. 1 (the "District") in accordance with the Public
Improvement District Assessment Act (the "Act"), which authorization was effective upon
publication as required by the Act; and
WHEREAS, on February 20, 2024, the City Council adopted and approved Ordinance
No. 033302 which approved the Whitecap Public Improvement District No. 1 Service and
Assessment Plan (the "2024 Service and Assessment Plan") for the District and levied
assessments within Improvement Area #1 of the District; and
WHEREAS, on October 15, 2024, the City Council approved Ordinance No. 033492
which issued Improvement Area # 1 Bonds; and
WHEREAS, the 2024 Service and Assessment Plan identified the authorized
improvements to be constructed for the benefit of the assessed property within the District, set
forth the costs of the authorized improvements, the indebtedness to be incurred for such
authorized improvements, and the manner of assessing the property in the District for the costs
of such authorized improvements based on the benefit provided to the assessed property in the
District and the Assessment Roll adopted identified the assessments on each lot, based on the
assessment method identified in the 2024 Service and Assessment Plan; and
WHEREAS, the 2024 Service and Assessment Plan and assessment roll is required
to be reviewed and updated annually as described in Sections 372.013 and 372.014 of the Act;
and
WHEREAS, on July 29, 2025, the City Council adopted and approved Ordinance No.
25-1084 which approved the Whitecap Public Improvement District No. 1 2025 Annual Update to
the Service and Assessment Plan and Assessment Roll for the Whitecap Public Improvement
District No. 1, including collection of the 2025 annual installments (the " 2025 Annual Service Plan
Update"); and
WHEREAS, the City Council now desires to proceed with the adoption of this
Ordinance and approval of the "Whitecap Public Improvement District No. 1 2026 Annual Service
Plan Update" and the updated assessment roll attached thereto (the "2026 Annual Service Plan
Update"), in conformity with the requirements of the Act, as the Annual Service Plan Update for
the District for 2026 and to update the assessment roll; and
WHEREAS, the City Council finds the passage of this Ordinance to be in the best
interest for the citizens of Corpus Christi, Texas.
033 994 or
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
SECTION 1: That all matters stated in the recitals contained in the preamble of this
Ordinance are found to be true and correct and are incorporated herein as if copied in their entirety
as findings of fact. All capitalized terms herein not otherwise defined shall have the meanings
ascribed to such terms in the 2026 Annual Service Plan Update.
SECTION 2: That the 2026 Annual Service Plan Update and updated Assessment
Roll attached hereto as Exhibit A are hereby accepted as provided, as the 2026 Annual Service
Plan Update and in connection with the issuance of the Bonds.
SECTION 3: If any provision of this Ordinance or the application of any provision to
any person or circumstance is held invalid, the invalidity shall not affect other provisions or
applications of the Ordinance which can be given effect without the invalid provision or application,
and to this end the provisions of this Ordinance are declared to be severable.
SECTION 4: That this Ordinance shall be cumulative of all other City Ordinances and
all other provisions of other Ordinances adopted by the City which are inconsistent with the terms
or provisions of this Ordinance are hereby repealed.
SECTION 5: The City Secretary is directed to give notice of the authorization of the
2026 Annual Service Plan Update by recording this Ordinance in the Official Public Records of
Nueces County, Texas on or before the seventh day after the final passage of this Ordinance.
SECTION 6: This Ordinance shall take effect immediately from and after its passage
and in accordance with the provisions of the Act, and it is accordingly so ordained.
SECTION 7: It is hereby officially found and determined that the meeting at which this
Ordinance is passed was open to the public as required and that public notice of the time, place,
and purpose of said meeting was given as required by the Open Meetings Act.
SECTION 8: This Ordinance shall take effect and be in force immediately from and
after its adoption on the date shown below in accordance with Texas Government Code, Section
1201.028, as amended.
[The remainder of this page intentionally left blank.]
Page 2 of 4
Introduced and voted on the \ � day of /�jv�UlYr 2026.
PASSED and APPROVED on the i Alay of A-111/* , 2026.
ATTEST:
41(1,4ArAX,rt-
)r Rebecca Huerta, City Secretary
Kaylynn Paxson, Mayor Pro Tem
APPROVED THIS L_GI DAY OF f7(iiyo , 2026
1;74/-.A
Buck Brice, Interim City Attorney
AFTER RECORDING RETURN TO:
City of Corpus Christi
Attn: City Secretary
1201 Leopard Street
Corpus Christi, Texas 78401
Page 3 of 4
033 994 4
Exhibit A
2026 Annual Service Plan Update
Page 4 of 4
WHITECAP PUBLIC IMPROVEMENT
DISTRICT NO. 1
2026 ANNUAL SERVICE PLAN UPDATE
AUGUST 11, 2026
INTRODUCTION
Capitalized terms used in this 2026 Annual Service Plan Update shall have the meanings set forth
in the 2024 Amended and Restated Service and Assessment Plan (the "2024 A&R SAP").
The District was created pursuant to the PID Act by Resolution No. 032761 on May 17, 2022 by
the City Council to finance certain Authorized Improvements for the benefit of the property in
the District.
On February 20, 2024, the City approved the Service and Assessment Plan for the District by
adopting Ordinance No. 033302 which approved the levy of Improvement Area #1 Assessments
against Improvement Area #1 Assessed Property and approved the Improvement Area #1
Assessment Roll.
On October 15, 2024, the City approved the 2024 Amended and Restated Service and Assessment
Plan for the District by adopting Ordinance No. 033492, which served to amend and restate the
Service and Assessment Plan in its entirety for the purposes of (1) issuing the Improvement Area
#1 Bonds and (2) updating the Improvement Are a#1 Assessment Roll
On July 29, 2025 the City Council approved the 2025 Annual Service Plan Update for the District
by adopting Ordinance No. 033703 which updated each Assessment Roll within the District for
2025.
The 2024 A&R SAP identified the Authorized Improvements to be constructed for the benefit of
the Parcels within the District, the costs of the Authorized Improvements, the indebtedness to
be incurred for the Authorized Improvements, and the manner of assessing the property in the
District for the costs of the Authorized Improvements. Pursuant to the PID Act, the 2024 A&R SAP
must be reviewed and updated annually. This document is the Annual Service Plan Update for
2026.
The City Council also adopted each Assessment Roll identifying the Assessments on Parcels of
Assessed Property within the District, based on the method of assessment identified in the 2024
A&R SAP. This 2026 Annual Service Plan Update also updates the Assessment Roll for 2026.
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
1
PARCEL SUBDIVISION
J
Improvement Area #1
■ The final plat of Whitecap North Padre Island Unit 1B was filed and recorded with the
County as document number 2024041557 on December 5, 2024.
■ The final plat of Whitecap North Padre Island Unit 1C was filed and recorded with the
County as document number 2024041564 on December 5, 2024.
■ The final plat of Whitecap North Padre Island Unit 1D was filed and recorded with the
County as document number 2024041569 on December 5, 2024.
■ The final plat of Whitecap North Padre Island Unit 1E was filed and recorded with the
County as document number 2024041563 on December 5, 2024.
See Exhibit C for the Lot Type classification map.
LOT AND HOME SALES
Current ownership within the District is based on information provided by the Developer and
available information and is subject to change as development occurs and property is conveyed.
Updated ownership and development information for Assessments securing PID Bonds may be
available through continuing disclosure filings accessible via the Municipal Securities Rulemaking
Board's Electronic Municipal Market Access ("EMMA") by searching for the District. For
Assessments securing reimbursement obligations to the Developer, the summary of current
ownership within the property securing such Assessment is based on information provided by
the Developer and other publicly available records. See Exhibit D for the buyer disclosures.
AUTHORIZED IMPROVEMENTS
A summary of the Authorized Improvements, including the original estimated costs of the
Authorized Improvements and allocation of such costs, is provided in the 2024 A&R SAP. The
Authorized Improvements and estimated costs as described in the 2024 A&R SAP are for
Assessment purposes and do not represent a guarantee of construction timing or Actual Costs.
Information regarding the status of Authorized Improvements, including construction progress,
estimated completion timing, and budget information, including any updates to the original
estimates of costs, may be available through continuing disclosure filings accessible via EMMA
by searching for the District. Such information may be updated from time to time.
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
2
OUTSTANDING ASSESSMENT
Improvement Area #1
Improvement Area #1 has an outstanding Assessment of $21,810,000.00.
Information for Assessments securing PID Bonds may be available through continuing disclosure
filings accessible via EMMA website by searching for the District. For Assessments securing
reimbursement obligations to the Developer, the summary of current construction status within
the property securing such Assessment is based on information provided by the Developer and
other publicly available records. A debt service schedule is attached as Exhibit B.
ANNUAL INSTALLMENT DUE 1/31/2027
Improvement Area #1
■ Principal and Interest — The total principal and interest required for the Annual
Installment is shown below.
■ Additionallnterest— Additional Interest is collected and deposited into an account of the
Reserve Fund. The Additional Interest is calculated in accordance with the governing
documents, resulting in Improvement Area #1 Annual Installment as shown below.
Improvement Area #1 Annual Installment
Principal
Interest
Additional Interest
Annual Collection Costs
Total Annual Installment
$ 294,000.00
1,370,167.50
109,050.00
49,360.54
1,822,578.04
■ Annual Collection Costs —The cost of administering the District and collecting the Annual
Installments shall be paid for on a pro rata basis by each Parcel based on the amount of
outstanding Assessment remaining on the Parcel. The total Annual Collection Costs
budgeted for the Annual Installment for Improvement Area #1 is shown below.
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
3
White Cap PID - IA#1 - Annual Collection Costs Breakdown
P3Works Administration
City Auditor
Filing Fees
County Collection
PID Trustee Fees
Draw Request Review
P3Works Dev/Issuer CDA Review*
Collection Cost Maintenance Balance
Less CCMB Credit from Prior Years
Arbitrage Calculation
$ 31,836.24
1,000.00
1,000.00
1,000.00
4,500.00
3,800.00
4,025.00
10,000.00
(9,300.70)
1,500.00
Total Annual Collection Costs $ 49,360.54
PREPAYMENT OF ASSESSMENTS IN FULL
Information regarding any full or partial Prepayments of the Assessments are reflected in the
corresponding Assessment Roll.
SERVICE PLAN — FIVE YEAR BUDGET FORECAST
The PID Act requires the annual indebtedness and projected costs for the Authorized
Improvements to be reviewed and updated in the Annual Service Plan Update, and the projection
shall cover a period of not less than five years, and is included below:
Improvement Area #1
II'
Improvement Area #1 Bonds
Principal
Interest
(1)
294,000.00
1,370,167.50
1,664,167.50
312,000.00 $ 329,000.00 $ 349,000.00 $ 370,000.00
1,354,365.00 $ 1,337,595.00 $ 1,319,911.26 $ 1,301,152.50
1,666,365.00 $ 1,666,595.00 $ 1,668,911.26 $ 1,671,152.50
Additional Interest (2) $ 109,050.00 $ 107,580.00 $ 106,020.00 $ 104,375.00 $ 102,630.00
Annual Collection Costs (3) $ 49,360.54 $ 47,161.24 $ 48,104.46 $ 49,066.55 $ 50,047.89
Total Annual Installment (4) = (1) + (2) + (3) $ 1,822,578.04 $ 1,821,106.24 $ 1,820,719.46 $ 1,822,352.81 $ 1,823,830.39
ASSESSMENT ROLL
The list of current Parcels or Lots within the District, the corresponding total Assessments, and
current Annual Installment are shown on the corresponding Assessment Roll attached hereto as
Exhibit A. The Annual Installment due on each Parcel or Lot may be updated to reflect
prepayments and/or redemptions paid prior to the Annual Installment being billed to the owner
of the Parcel or Lot. The Parcels or Lots of Assessed Property shown on the corresponding
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
4
Assessment Roll will receive the bills for the 2026 Annual Installments which will be delinquent if
not paid by January 31, 2027. The Parcel IDs shown within an Assessment Roll are subject to
change based on the final certified rolls provided by the County prior to billing
ADDITIONAL INFORMATION
If the owner of a Parcel claims that an error has been made in any Assessment Roll required by
the 2024 A&R SAP, a prior Annual Service Plan Update, or this 2026 Annual Service Plan Update,
the owner's sole and exclusive remedy shall be to submit a written notice of error to the
Administrator (at adminWp3-works.com) by December 15t of the year in connection with the
approval of such year's Annual Service Plan Update. Otherwise, the owner shall be deemed to
have unconditionally approved and accepted the Annual Service Plan Update. The Administrator
shall provide a written response to the City Council and the owner not later than 30 days after
receipt of such written notice of error by the Administrator. The City Council shall consider the
owner's notice of error and the Administrator's response at a public meeting, and, not later than
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 2026 Annual
Service Plan Update, the applicable Assessment Ordinance, the applicable Indenture, or as
otherwise authorized by the discretionary power of the City Council. The determination by the
City Council 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.
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
5
EXHIBIT A - IMPROVEMENT AREA #1 ASSESSMENT ROLL
Property IDia/
Lot Type
Annual Installment due
Outstanding Assessment
1/31/20271b1
571269 Improvement Area #1 Remainder Parcell`I
619770 Non -Benefited
619829 Lot Type 1
619828 Non -Benefited
619826 Lot Type 1
619825 Lot Type 1
619824 Lot Type 1
619823 Lot Type 1
619822 Lot Type 1
619830 Lot Type 1
619821 Lot Type 1
619819 Lot Type 1
619818 Lot Type 1
619817 Non -Benefited
619815 Lot Type 2
619814 Lot Type 2
619813 Lot Type 2
619812 Lot Type 2
619820 Lot Type 1
619831 Lot Type 1
619832 Lot Type 1
619833 Non -Benefited
619850 Non -Benefited
619849 Non -Benefited
619848 Non -Benefited
619847 Non -Benefited
619846 Non -Benefited
619845 Non -Benefited
619844 Non -Benefited
619843 Lot Type 1
619842 Lot Type 1
619841 Lot Type 1
619840 Lot Type 1
619839 Non -Benefited
619838 Non -Benefited
619837 Lot Type 1
619836 Lot Type 1
619835 Lot Type 1
619834 Lot Type 1
619811 Lot Type 2
2,942,498.26
71,871.37 $
245,893.29
6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
- $
86,245.64 $ 7,207.22
86,245.64 $ 7,207.22
86,245.64 $ 7,207.22
86,245.64 $ 7,207.22
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
-
-
-
-
-
-
-
- $
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
-
- $
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
71,871.37 $ 6,006.01
86,245.64 $ 7,207.22
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
6
Property ID1a1
Lot Type Outstanding Assessment
Annual Installment due
1/31/20271ej
622590
619810
619808
619786
619785
619784
619783
619782
619781
619780
619787
619779
619777
619776
619775
619774
619773
619772
619771
619778
619788
619789
619790
619807
619806
619805
619804
619803
619802
619801
619800
619799
619798
619797
619796
619795
619794
619793
619792
619791
Non -Benefited
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Non -Benefited
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Non -Benefited
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
Lot Type 2
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86, 245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
86,245.64
$
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$ 86,245.64
$
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
7,207.22
$
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
$ 7,207.22
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
7
Annual Installment due
Property IDia/ Lot Type Outstanding Assessment Inl
1/31/2027
619809
622591
619859
619874
619873
619872
619871
619870
619869
619868
619867
619866
619865
619864
619863
619862
619861
619860
619875
619876
619881
619910
619909
619908
619907
619906
619905
619904
619903
619902
619901
619900
619899
619898
619911
619897
619895
619894
619893
619892
Lot Type 2
Non -Benefited
Lot Type 5
Lot Type 3
Lot Type 3
Lot Type 3
Lot Type 3
Lot Type 3
Lot Type 5
Lot Type 5
Lot Type 3
Lot Type 3
Lot Type 3
Lot Type 3
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 5
Non -Benefited
Non -Benefited
Lot Type 4
Non -Benefited
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 5
Lot Type 7
Lot Type 6
Lot Type 6
Lot Type 6
Lot Type 4
Lot Type 6
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
86,245.64
126,831.82
97,237.73
97,237.73
97,237.73
97,237.73
97,237.73
126,831.82
126,831.82
97,237.73
97,237.73
97,237.73
97,237.73
126,831.82
126,831.82
126,831.82
126,831.82
$ 116,685.28
$ -
$ 126,831.82
$ 126,831.82
$ 126,831.82
$ 126,831.82
$ 126,831.82
$ 126,831.82
$ 126,831.82
$ 126,831.82
$ 202,930.91
$ 152,198.19
$ 152,198.19
$ 152,198.19
$ 116,685.28
$ 152,198.19
$ 116,685.28
$ 116,685.28
$ 116,685.28
$ 116,685.28
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$ 9,750.94
$
$ 10,598.85
$ 10,598.85
$ 10,598.85
$ 10,598.85
$ 10,598.85
$ 10,598.85
$ 10,598.85
$ 10,598.85
$ 16,958.16
$ 12,718.62
$ 12,718.62
$ 12,718.62
$ 9,750.94
$ 12,718.62
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
7,207.22
10,598.85
8,125.78
8,125.78
8,125.78
8,125.78
8,125.78
10,598.85
10,598.85
8,125.78
8,125.78
8,125.78
8,125.78
10,598.85
10,598.85
10,598.85
10,598.85
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
8
Property IDla'
Lot Type Outstanding Assessment
Annual Installment due
1/31/2027(bl
619891
619890
619889
619888
619887
619885
619884
619883
619882
619896
619912
619918
619978
619977
619976
619975
619974
619973
619972
619971
619970
619969
619968
619967
619966
619965
619964
619963
619962
619979
619961
619980
619982
621453
621378
619997
619996
619995
619994
619993
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 6
Non -Benefited
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 6
Lot Type 7
Lot Type 7
Lot Type 7
Lot Type 6
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Non -Benefited
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Non -Benefited
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
152,198.19
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
152,198.19
202,930.91
202,930.91
202,930.91
152,198.19
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
116,685.28
9,750.94
9,750,94
9,750.94
9,750.94
$
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 12,718.62
$
$
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 12,718.62
$ 16,958.16
$ 16,958.16
$ 16,958.16
$ 12,718.62
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$ 9,750.94
$
$
$
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
-
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
9
Property !Dial
Lot Type Outstanding Assessment
Annual Installment due
1/31/2027Ibl
619992
619991
619990
619989
619988
619987
619986
619985
619984
619983
619981
619960
619959
619958
619935
619934
619933
619932
619931
619930
619929
619928
619927
619926
619925
619924
619923
619922
619921
619920
619919
619936
619937
619938
619939
619957
619956
619955
619954
619953
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Lot Type 2
Lot Type 2
Non -Benefited
Lot Type 4
Lot Type 4
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
116,685.28
116,685.28
116,685.28
9,750.94
9,750.94
9,750.94
86,245.64 $ 7,207.22
86,245.64 $ 7,207.22
$
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
$
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
$
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
$
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
10
Annual Installment due
Property IDIal Lot Type Outstanding Assessment
1/31/20271bl
619952
619951
619950
621454
619949
619947
619946
619945
619944
619943
619942
619941
619940
619948
621455
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
Lot Type 4
Non -Benefited
Lot Type 4
Lot Type 4
Lot Type 6
Lot Type 6
Lot Type 4
Lot Type 4
Lot Type 4
Lot Type 4
Non -Benefited
116,685.28
116,685.28
116,685.28
9,750.94
9,750.94
9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
152,198.19 $ 12,718.62
152,198.19 $ 12,718.62
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
116,685.28 $ 9,750.94
- $
Totalldl
21,810,000.00 $ 1,822,578.01
Footnotes:
[a] Property IDs preliminary and subject to change based on the final certified rolls provided by the County prior to billing.
[b] The Annual Installment due on each Parcel or Lot may be updated to reflect prepayments and/or redemptions paid prior to the Annual
Installment being billed to the owner of the Parcel or Lot.
[c] The Assessment and Annual Installment allocable to the unplatted portion of Improvement Area #1 have been allocated between all
Property IDs within the Improvement Area #1 Remainder Parcel pro rata based on acreage as reported by Nueces Central Appraisal
District. Future allocation of the Assessment will be done in accordance with Section VI of this Service and Assessment Plan. Property IDs
per Nueces Central Appraisal District and subject to change prior to billing.
[d] Totals may not add or match the Service Plan or Improvement Area #1 Schedule due to rounding or prepayments.
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO, 1
2026 SERVICE AND ASSESSMENT PLAN
11
EXHIBIT B — IMPROVEMENT AREA #1 BONDS DEBT SERVICE SCHEDULE
DEBT SERVICE REQUIREMENTS
The following table sets faith the debt service requirements for the Bonds:
Year Ending
(September 30) Princi pal Interest Total
2025 $ 536,000.00 $ 1,237,180.00 $ 1,773,180.00
2026 278,000.00 1,385,110.00 1,663,110.00
2027 294,000.00 1,370,167.50 1,664,167.50
2028 312,000.00 1,354,365.00 1,666,365.00
2029 329,000.00 1,337,595.00 1,666,595.00
2030 349,000.00 1,319,911.26 1,668,911.26
2031 370,000.00 1,301,152.50 1,671,152.50
2032 392,000.00 1,281,265.00 1,673,265.03
2033 417,000.00 1,257,255.00 1,674,255.00
2034 446,000.00 1,231,713.76 1,677,713.76
2035 475,000.00 1,204,396.26 1,679,396.26
2036 506,000.00 1,175,302.50 1,681,302.50
2037 540,000.00 1,144,310.00 1,684,310.00
2038 575,000.00 1,111,235.00 1,686,235.00
2039 614,000.00 1,076,016.26 1,690,016.26
2040 655,000.00 1,038,408.76 1,693,408.76
2041 697,000.00 998,290.00 1,695,290.00
2042 744,000.00 955,598.76 1,699,598.76
2043 793,000.00 910,028.76 1,703,028.76
2044 846,000.00 861,457.50 1,707,457.50
2045 901,000.00 809,640.00 1,710,640.00
2046 965,000.00 751,075.00 1,716,075.00
2047 1,032,000.00 688,350.00 1,720,350.00
2048 1,105,000.00 621,270.00 1,726,270.00
2049 1,182,000.00 549,445.00 1,731,445.00
2050 1,265,000.00 472,615.00 1,737,615.00
2051 1,353,000.00 390,390.00 1,743,390.00
2052 1,447,000.00 302,445.00 1,749,445.00
2053 1,549,000.00 208,390.00 1,757,390.00
2054 1,657,000.0Q 107,705.00 1,764,705.00
Total 522.62-L000.00 S28.452.083.82 $51.076.083.82.
THE REMa.INDER. OF THIS PAGE IS LEFT BLANK INTENTIONALLY.
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
12
EXHIBIT C- LOT TYPE CLASSIFICATION MAP
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441.
WHITECAP
Nib
Phase 1 Site Visualization
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COMMOOOPES CANAL
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WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
EXHIBIT D — BUYER DISCLOSURES
Forms of the buyer disclosures for the following Lot Types are found in this appendix:
Improvement Area #1
■ Remainder Parcel
■ Lot Type 1
■ Lot Type 2
■ Lot Type 3
■ Lot Type 4
■ Lot Type 5
■ Lot Type 6
■ Lot Type 7
[Remainder of page left intentionally blank.]
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 SERVICE AND ASSESSMENT PLAN
14
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1 1
REMAINDER PARCEL BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING' RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 REMAINDER PARCEL PRINCIPAL ASSESSMENT:
$2,942,498.26
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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]3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
§
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]`r
° To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 INITIAL PARCEL
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
Principal
$ 39,665
$ 42,094
$ 44,387
$ 47,085
$ 49,919
$ 52,887
$ 56,260
$ 60,172
$ 64,085
$ 68,267
$ 72,854
$ 77,576
$ 82,838
$ 88,369
$ 94,036
$ 100,377
$ 106,988
$ 114,138
$ 121,559
$ 130,193
$ 139,232
$ 149,081
$ 159,470
$ 170,668
$ 182,540
$ 195,222
$ 208,983
$ 223,554
Interestia
184,856
182,724
180,462
178,076
175,545
172,862
169,623
166,177
162,491
158,566
154,385
149,922
145,171
140,097
134,684
128,925
122,777
116,224
109,233
101,331
92,869
83,819
74,128
63,763
52,670
40,804
28,115
14,531
Additional Annual Collection Total Annual
Interest Costs Installmentsib1
14,712
14,514
14,304
14,082
13,846
13,597
13,332
13,051
12,750
12,430
12,088
11,724
11,336
10,922
10,480
10,010
9,508
8,973
8,403
7,795
7,144
6,448
5,702
4,905
4,052
3,139
2,163
1,118
6,659
6,363
6,490
6,620
6,752
6,887
7,025
7,166
7,309
7,455
7,604
7,756
7,911
8,070
8,231
8,396
8,563
8,735
8,909
9,088
9,269
9,455
9,644
9,837
10,033
10,234
10,439
10,648
245,893
245,695
245,643
245,863
246,062
246,233
246,240
246,565
246,635
246,718
246,931
246,979
247,256
247,458
247,431
247,707
247,836
248,070
248,103
248,407
248,514
248,802
248,944
249,172
249,295
249,399
249,700
249,851
Total
$ 2,942,498 $
3,484,829 $
272,527
$ 231,547
$ 6,931,402
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.500% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1 —1
LOT TYPE 1 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING1 RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 1 PRINCIPAL ASSESSMENT: $71,871.37
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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]3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 1
Installment
Due 1/31
Principal
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
968.83
1,028.15
1,084.17
1,150.07
1,219.28
1,291.77
1,374.16
1,469.72
1,565.29
1,667.44
1,779.48
1,894.82
2,023.34
2,158.45
2,296.85
2,451.73
2,613.20
2,787.86
2,969.10
3,180.00
3,400.79
3,641.35
3,895.09
4,168.61
4,458.60
4,768.36
5,104.48
5,460.38
Interest[a'
4,515.17
4,463.09
4,407.83
4,349.56
4,287.74
4,222.20
4,143.08
4,058.92
3,968.90
3,873.02
3,770.89
3,661.90
3,545.84
3,421.91
3,289.70
3,149.02
2,998.85
2,838.80
2,668.04
2,475.05
2,268.35
2,047.30
1,810.61
1,557.43
1,286.47
996.66
686.72
354.92
Additional
Interest
359.36
354.51
349.37
343.95
338.20
332.10
325.65
318.77
311.43
303.60
295.26
286.37
276.89
266.77
255.98
244.50
232.24
219.17
205.23
190.39
174.49
157.48
139.28
119.80
98.96
76.67
52.82
27.30
Annual Collection Total Annual
Costs Installmentsib]
162.66
155.41
158.52
161.69
164.92
168.22
171.59
175.02
178.52
182.09
185.73
189.45
193.24
197.10
201.04
205.06
209.16
213.35
217.61
221.97
226.41
230.93
235.55
240.26
245.07
249.97
254.97
260.07
6,006.01
6,001.16
5,999.89
6,005.27
6,010.14
6,014.30
6,014.47
6,022.43
6,024.13
6,026.15
6,031.37
6,032.53
6,039.30
6,044.23
6,043.58
6,050.32
6,053.46
6,059.17
6,059.99
6,067.41
6,070.03
6,077.07
6,080.53
6,086.10
6,089.09
6,091.65
6,098.99
6,102.67
Total
$ 71,871.37 $
85,117.95 $
6,656.55
$ 5,655.60
$ 169,301.48
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1
LOT TYPE 2 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING1 RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 2 PRINCIPAL ASSESSMENT: $86,245.64
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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
3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
§
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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 2
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
Principal
1,162.60
1,233.78
1,301.00
1,380.09
1,463.13
1,550.13
1,648.99
1,763.67
1,878.34
2,000.93
2,135.38
2,273.78
2,428.01
2,590.14
2,756.22
2,942.08
3,135.85
3,345.43
3,562.92
3,816.00
4,080.95
4,369.62
4,674.11
5,002.33
5,350.31
5,722.03
6,125.38
6,552.45
Interest La
5,418.20
5,355.71
5,289.40
5,219.47
5,145.29
5,066.64
4,971.70
4,870.70
4,762.67
4,647.63
4,525.07
4,394.28
4,255.01
4,106.29
3,947.65
3,778.83
3,598.63
3,406.55
3,201.65
2,970.06
2,722.02
2,456.76
2,172.73
1,868.91
1,543.76
1,195.99
824.06
425.91
Additional
Interest
431.23
425.42
419.25
412.74
405.84
398.53
390.77
382.53
373.71
364.32
354.31
343.64
332.27
320.13
307.18
293.40
278.69
263.01
246.28
228.47
209.39
188.98
167.13
143.76
118.75
92.00
63.39
32.76
Annual Collect
Costs
195.19
186.49
190.22
194.03
197.91
201.87
205.91
210.02
214.22
218.51
222.88
227.34
231.88
236.52
241.25
246.08
251.00
256.02
261.14
266.36
271.69
277.12
282.66
288.32
294.08
299.97
305.96
312.08
Total Annual
Installments"1
7,207.22
7,201.40
7,199.87
7,206.33
7,212.17
7,217.17
7,217.37
7,226.92
7,228.95
7,231.38
7,237.64
7,239.04
7,247.17
7,253.08
7,252.30
7,260.38
7,264.15
7,271.01
7,271.99
7,280.89
7,284.04
7,292.48
7,296.64
7,303.32
7,306.91
7,309.98
7,318.79
7,323.21
Total
$ 86,245.64 $
102,141.54 $
7,987.86
$ 6,786.72
$ 203,161.77
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1 I
LOT TYPE 3 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING' RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 3 PRINCIPAL ASSESSMENT: $97,237.73
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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
3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
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
Notary Public, State of Texas]4
To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 3
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
Principal
1,310.77
1,391.02
1,466.81
1,555.98
1,649.61
1,747.69
1,859.15
1,988.45
2,117.74
2,255.95
2,407.54
2,563.58
2,737.46
2,920.25
3,107.51
3,317.05
3,535.51
3,771.81
4,017.02
4,302.36
4,601.07
4,926.53
5,269.83
5,639.88
6,032.22
6,451.31
6,906.06
7,387.57
Interestia
6,108.76
6,038.30
5,963.54
5,884.69
5,801.06
5,712.39
5,605.35
5,491.47
5,369.68
5,239.97
5,101.79
4,954.33
4,797.31
4,629.64
4,450.78
4,260.44
4,057.27
3,840.72
3,609.70
3,348.59
3,068.94
2,769.87
2,449.65
2,107.11
1,740.52
1,348.42
929.09
480.19
Additional Annual Collection
Interest Costs
486.19
479.63
472.68
465.35
457.57
449.32
440.58
431.28
421.34
410.75
399.47
387.44
374.62
360.93
346.33
330.79
314.21
296.53
277.67
257.58
236.07
213.07
188.43
162.09
133.89
103.72
71.47
36.94
220.07
210.26
214.47
218.76
223.13
227.60
232.15
236.79
241.53
246.36
251.28
256.31
261.44
266.67
272.00
277.44
282.99
288.65
294.42
300.31
306.31
312.44
318.69
325.06
331.56
338.20
344.96
351.86
Total Annual
Installments
8,125.78
8,119.22
8,117.50
8,124.78
8,131.37
8,137.00
8,137.23
8,148.00
8,150.29
8,153.03
8,160.09
8,161.66
8,170.82
8,177.49
8,176.61
8,185.72
8,189.98
8,197.71
8,198.81
8,208.84
8,212.40
8,221.91
8,226.60
8,234.13
8,238.18
8,241.65
8,251.58
8,256.56
Total
$ 97,237.73 $ 115,159.58 $ 9,005.93
$ 7,651.70
$ 229,054.94
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1 I
LOT TYPE 4 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING1 RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 4 PRINCIPAL ASSESSMENT: $116,685.28
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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]3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
§
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
4
' To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 4
Principal
1,572.92
1,669.23
1,760.18
1,867.18
1,979.53
2,097.23
2,230.98
2,386.14
2,541.29
2,707.14
2,889.04
3,076.30
3,284.95
3,504.30
3,729.01
3,980.46
4,242.61
4,526.17
4,820.42
5,162.83
5,521.28
5,911.84
6,323.80
6,767.85
7,238.66
7,741.57
8,287.28
8,865.08
Interestta
7,330.51
7,245.96
7,156.24
7,061.63
6,961.27
6,854.87
6,726.42
6,589.77
6,443.62
6,287.96
6,122.15
5,945.20
5,756.77
5,555.57
5,340.93
5,112.53
4,868.73
4,608.87
4,331.64
4,018.31
3,682.73
3,323.85
2,939.58
2,528.53
2,088.62
1,618.11
1,114.90
576.23
Additional Annual Collection
Interest Costs
583.43
575.56
567.22
558.41
549.08
539.18
528.70
517.54
505.61
492.90
479.37
464.92
449.54
433.12
415.59
396.95
377.05
355.83
333.20
309.10
283.29
255.68
226.12
194.50
160.66
124.47
85.76
44.33
264.08
252.32
257.36
262.51
267.76
273.12
278.58
284.15
289.83
295.63
301.54
307.57
313.72
320.00
326.40
332.93
339.58
346.38
353.30
360.37
367.58
374.93
382.43
390.08
397.88
405.84
413.95
422.23
Total Annual
Installments[b]
9,750.94
9,743.07
9,741.00
9,749.74
9,757.64
9,764.40
9,764.67
9,777.59
9,780.35
9,783.64
9,792.10
9,793.99
9,804.99
9,812.99
9,811.93
9,822.87
9,827.97
9,837.25
9,838.57
9,850.61
9,854.88
9,866.29
9,871.92
9,880.96
9,885.82
9,889.98
9,901.89
9,907.87
Total
$ 116,685.28 $ 138,191.50 $ 10,807.11
$ 9,182.04
$ 274,865.92
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1 - IMPROVEMENT AREA #1
LOT TYPE 5 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING' RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 5 PRINCIPAL ASSESSMENT: $126,831.82
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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]3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
§
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]4
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 5
Principal InterestEal
1,709.70
1,814.38
1,913.24
2,029.54
2,151.66
2,279.60
2,424.98
2,593.63
2,762.27
2,942.54
3,140.27
3,343.80
3,570.60
3,809.03
4,053.27
4,326.59
4,611.54
4,919.75
5,239.59
5,611.77
6,001.40
6,425.91
6,873.69
7,356.36
7,868.11
8,414.75
9,007.91
9,635.96
7,967.94
7,876.05
7,778.52
7,675.69
7,566.60
7,450.95
7,311.32
7,162.79
7,003.93
6,834.74
6,654.51
6,462.17
6,257.36
6,038.66
5,805.36
5,557.10
5,292.10
5,009.64
4,708.30
4,367.73
4,002.97
3,612.88
3,195.19
2,748.40
2,270.24
1,758.81
1,211.85
626.34
Additional Annual Collection Total Annual
Interest Costs Installments[b]
634.16
625.61
616.54
606.97
596.82
586.07
574.67
562.54
549.58
535.76
521.05
505.35
488.63
470.78
451.73
431.47
409.83
386.78
362.18
335.98
307.92
277.91
245.78
211.42
174.63
135.29
93.22
48.18
287.05
274.26
279.74
285.34
291.04
296.86
302.80
308.86
315.04
321.34
327.76
334.32
341.00
347.82
354.78
361.88
369.11
376.50
384.03
391.71
399.54
407.53
415.68
424.00
432.48
441.13
449.95
458.95
10,598.85
10,590.29
10,588.04
10,597.54
10,606.13
10,613.48
10,613.78
10,627.82
10,630.81
10,634.39
10,643.59
10,645.64
10,657.60
10,666.29
10,665.14
10,677.03
10,682.58
10,692.66
10, 694.10
10,707.19
10,711.82
10,724.23
10,730.35
10,740.17
10,745.46
10, 749.98
10,762.93
10,769.43
Total
$ 126,831.82 $ 150,208.15 $ 11,746.86
$ 9,980.48
$ 298,767.31
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1
LOT TYPE 6 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING' RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 6 PRINCIPAL ASSESSMENT: $152,198.19
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
§
§
§
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]3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SETJ,ER
STATE OF TEXAS
COUNTY OF
§
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]`
4 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 6
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
Principal
2,051.64
2,177.25
2,295.88
2,435.45
2,582.00
2,735.52
2,909.98
3,112.35
3,314.72
3,531.05
3,768.32
4,012.56
4,284.72
4,570.83
4,863.92
5,191.91
5,533.85
5,903.70
6,287.51
6,734.12
7,201.67
7,711.10
8,248.43
8,827.63
9,441.73
10,097.70
10,809.49
11,563.15
Interestla
9,561.53
9,451.26
9,334.23
9,210.83
9,079.92
8,941.14
8,773.59
8,595.35
8,404.72
8,201.69
7,985.42
7,754.61
7,508.84
7,246.40
6,966.43
6,668.52
6,350.51
6,011.57
5,649.97
5,241.28
4,803.56
4,335.45
3,834.23
3,298.08
2,724.28
2,110.57
1,454.22
751.61
Additional Annual Collection Total Annual
Interest Costs Installmentslbl
760.99
750.73
739.85
728.37
716.19
703.28
689.60
675.05
659.49
642.92
625.26
606.42
586.36
564.93
542.08
517.76
491.80
464.13
434.61
403.18
369.50
333.50
294.94
253.70
209.56
162.35
111.86
57.82
344.46
329.11
335.69
342.40
349.25
356.24
363.36
370.63
378.04
385.60
393.32
401.18
409.20
417.39
425.74
434.25
442.94
451.80
460.83
470.05
479.45
489.04
498.82
508.79
518.97
529.35
539.94
550.74
12,718.62
12,708.35
12,705.65
12,717.05
12,727.36
12,736.17
12,736.53
12,753.38
12,756.98
12,761.27
12,772.31
12,774.77
12,789.12
12,799.55
12,798.17
12,812.44
12,819.10
12,831.19
12,832.92
12,848.62
12,854.19
12,869.08
12,876.42
12,888.21
12,894.55
12,899.97
12,915.51
12,923.31
Total
$ 152,198.19 $ 180,249.78 $ 14,096.23
$ 11,976.57
$ 358,520.77
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
WHITECAP PUBLIC IMPROVEMENT DISTRICT NO. 1- IMPROVEMENT AREA #1
LOT TYPE 7 BUYER DISCLOSURE
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 sale;
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 a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest
The following notice shall be given to a 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 purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser 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.
AFTER RECORDING' RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF CORPUS CHRISTI, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 7 PRINCIPAL ASSESSMENT: $202,930.91
As the purchaser of the real property described above, you are obligated to pay
assessments to City of Corpus Christi, 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 Whitecap 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 the City of Corpus Christi.
The exact amount of each annual installment will be approved each year by the Corpus Christi
City 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 City of Corpus Christi.
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.
1 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the
closing of the purchase and sale and to be recorded in the deed records of Nueces County when updating for the Current
Information of Obligation to Pay Improvement District Assessment.
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER]2
2 To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with
Section 5.014(a-1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
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]3
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the
purchase and sale and to be recorded in the deed records of Nueces County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[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.
DATE: DATE:
SIGNATURE OF SELLER SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
§
§
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]4
To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase
and sale and to be recorded in the deed records of Nueces County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 7
Installment
Due 1/31
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
Principal
2,735.52
2,903.00
3,061.18
3,247.27
3,442.66
3,647.36
3,879.97
4,149.80
4,419.63
4,708.07
5,024.42
5,350.08
5,712.96
6,094.44
6,485.23
6,922.54
7,378.46
7,871.60
8,383.34
8,978.83
9,602.23
10, 281.46
10,997.91
11,770.18
12,588.97
13,463.60
14,412.65
15,417.54
Interestia1
12,748.71
12,601.67
12,445.64
12,281.10
12,106.56
11,921.52
11,698.12
11,460.47
11,206.29
10,935.59
10,647.22
10, 339.47
10,011.78
9,661.86
9,288.58
8,891.36
8,467.35
8,015.42
7,533.29
6,988.37
6,404.75
5,780.60
5,112.31
4,397.44
3,632.38
2,814.10
1,938.96
1,002.14
Additional Annual Collection Total Annual
Interest Costs Installmentslb1
1,014.65
1,000.98
986.46
971.16
954.92
937.71
919.47
900.07
879.32
857.22
833.68
808.56
781.81
753.24
722.77
690.35
655.73
618.84
579.48
537.57
492.67
444.66
393.25
338.26
279.41
216.47
149.15
77.09
459.27
438.81
447.59
456.54
465.67
474.98
484.48
494.17
504.06
514.14
524.42
534.91
545.61
556.52
567.65
579.00
590.58
602.39
614.44
626.73
639.27
652.05
665.09
678.39
691.96
705.80
719.92
734.31
16,958.16
16,944.46
16,940.86
16,956.06
16,969.81
16,981.57
16,982.04
17,004.51
17,009.30
17,015.02
17,029.75
17,033.02
17,052.15
17,066.07
17,064.23
17,083.25
17,092.13
17,108.26
17,110.56
17,131.50
17,138.92
17,158.77
17,168.56
17,184.28
17,192.73
17,199.96
17,220.68
17,231.08
Total
$ 202,930.91 $ 240,333.04 $ 18,794.98
$ 15,968.76
$ 478,027.69
Footnotes:
[a] Interest on the Improvement Area #1 Bonds is calculated at a 5.375%, 6.125%, 6.50% rate for term bonds due
2031, 2044, and 2054 respectively.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates. Changes in
Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets could increase or
decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment
CITY OF CORPUS CHRISTI
CERTIFICATION OF PUBLIC RECORD
THE STATE OF TEXAS §
COUNTY OF NUECES §
I, the undersigned City Secretary of the City of Corpus Christi, Texas, so
certify that the following is a true and correct copy of Ordinance No. 033994
passed and approved by the Corpus Christi City Council on August 18, 2026, as
same appears in the Official Records of the City of Corpus Christi, Texas, of which
the City Secretary's Office is the lawful custodian.
WITNESSETH MY HAND and the Official Seal of the City of Corpus Christi,
Texas, this 21st day of August 2026.
Rebecca Huerta
City Secretary
Corpus Christi, Texas
City of Corpus Christi
Rebecca Huerta, City Secretary
P.O. Box 9277
Corpus Christi, Texas 78469-9277
(361) 826-3105
RebeccaH@cctexas. corn
SCANNED
Nueces County
Kara Sands
Nueces County Clerk
*VG-85-2026-2026029490*
Instrument Number: 2026029490
Official Public Records
NOTICE
Recorded On: August 21, 2026 01:32 PM Number of Pages: 68
" Examined and Charged as Follows: "
Total Recording: $284.00
%%%%%%% STATE OF TEXAS
o�NSY CpU��h Nueces County
�' *#, I hereby certify that this Instrument was filed in the File Number sequence on the date/time
.ji i printed hereon, and was duly recorded in the Official Records of Nueces County,Texas
yo t'/\.a
4.11 S �;' Kara Sands G /� _ n 1
�� `NUe64: Nueces County Clerk `Alta_. �Lxv.d )
io
Nueces County, TX
***********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: Record and Return To:
Document Number: 2026029490 SARAH BRUNKENHOFFER
Receipt Number: 20260821000110
Recorded Date/Time: August 21, 2026 01:32 PM
User: Vanessa D AN N E D
Station: CLERK03 s