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HomeMy WebLinkAbout05-09-2024 Regular Meeting - Rock Prairie Management District No. 2ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MINUTES OF PUBLIC MEETING OF BOARD OF DIRECTORS May 9, 2024 The Board of Directors (the "Board") of Rock Prairie Management District No. 2 (the "District") met in regular session, open to the public on May 9, 2024, at 4121 State Highway 6 South, College Station, Brazos County, Texas 77845, in accordance with the duly posted notice of meeting, and the roll was called of the duly constituted members of said Board of Directors, as follows: Uri Geva — President Hays Glover — Vice President Logan Lee — Assistant Vice President Mark Lindemulder —Secretary Samuel "Kit" Kerbel — Assistant Secretary and all of said persons were present, except Directors Glover and Kerbel, thus constituting a quorum. Also present were James Murr of College Station Town Center, Inc. ("CSTC"); Denise Oppenheimer of Municipal Accounts & Consulting, L.P. ("MAC"); Robert Atkinson of EHRA Engineering ("EHRA"); Stacy Vasquez of the City of College Station (the "City"); Brian Krueger of FORVIS, LLP ("FORVIS"); Karen Atkinson, a member of the public; and Christina Cole of Schwartz, Page & Harding, L.L.P. ("SPH"). The President called the meeting to order and declared same open for such business as might properly come before it. Ms. Cole informed the participants that, in accordance with the requirements of the City's Resolution No. 07-09-15-02 consenting to the creation of the District, the meeting would be recorded, and requested that participants speak clearly, including when making or seconding a motion. PUBLIC COMMENTS The Board began by opening the meeting for public comments. There were no comments from members of the public. APPROVAL OF MINUTES The Board next considered approval of the minutes of its meeting held on April 11, 2024. After review and discussion, Director Geva moved that the minutes for said Board meeting be approved, as written. Director Lee seconded said motion, which unanimously carried. ENGAGE AUDITOR The Board considered the engagement of an auditor to prepare the District's audit report for the fiscal year ending May 31, 2024. Mr. Krueger presented to and reviewed with the Board an audit services proposal prepared by FORVIS, a copy of which is attached hereto as Exhibit D. He advised that FORVIS' fee for the preparation of said audit is $14,000, plus an administrative fee of $1,000 to cover items such as report production, copies, postage and delivery charges, and technology related costs. After discussion on the matter, Director Geva moved that FORVIS be engaged to prepare the District's audit report for the fiscal year ending May 31, 2024, in accordance with the terms of the proposal presented, and that the Texas Ethics Commission ("TEC") Form 1295 provided by FORVIS in connection therewith be accepted and acknowledged on behalf of the District. Director Lindemulder seconded the motion, which unanimously carried. BOOKKEEPING REPORT Ms. Oppenheimer presented to and reviewed with the Board a Bookkeeping Report, a copy of which report is attached hereto as Exhibit B, including checks presented therein for payment. Ms. Oppenheimer also presented and reviewed with the Board a Quarterly Investment Report prepared by MAC for the reporting period ended February 29, 2024, a copy of which is attached to the Bookkeeping Report (Exhibit B). Following review and discussion, Director Geva moved that (i) the Bookkeeping Report be approved and the checks presented therein be approved for payment, and (ii) the Quarterly Investment Report be approved and the District's Investment Officer be authorized to execute same on behalf of the District. Director Lee seconded the motion, which unanimously carried. OPERATING BUDGET FOR FISCAL YEAR ENDING MAY 31. 2025 Ms. Oppenheimer next presented a draft budget for the District's fiscal year ending May 31, 2025, a copy of which is in included in the Bookkeeping Report (Exhibit B). In connection therewith, Ms. Cole advised the Board that a copy of such operating budget was forwarded to the City for review. She reported that no comments to the operating budget have been received from the City to date. Following discussion, Director Geva moved that the operating budget for the District's fiscal year ending May 31, 2025 be approved and adopted as presented. Director Lee seconded the motion, which unanimously carried. TAX ASSESSOR/COLLECTOR'S REPORT Ms. Cole then presented to and reviewed with the Board the Tax Assessor -Collector Report for the month ending April 30, 2024, prepared by B&A Municipal Tax Services, LLC ("B&A"), including checks presented therein for payment. A copy of such report is attached hereto as Exhibit C. Ms. Cole also advised that the District received a request from a taxpayer for an 8- month installment payment plan to pay the balance of delinquent taxes in the amount of $1,663. Following discussion, Director Geva moved that (i) the Tax Assessor/Collector Report be approved, (ii) that the checks identified therein be approved for payment, and (iii) B&A be 2 729559 1 authorized to enter into an installment payment agreement with the taxpayer for account no. 41380010310140 for the payment of delinquent taxes in the amount of $1,663.00 in 8 monthly installments of $208.00 each. Director Lindemulder seconded said motion, which unanimously carried. STATUS OF $1,600,000 UNLIMITED TAX ROAD BONDS, SERIES 2024 Ms. Cole reported that the Bonds have received the approval of the Attorney General of Texas, and the closing for the Bonds is scheduled for May 16, 2024. Ms. Cole noted that the Board approved the draft reimbursement audit presented at the April 11, 2024, Board meeting, subject to final review by the Board and consultants in connection with the payment of funds to the developers out of Bond proceeds. Ms. Cole advised the Board that FORVIS has incorporated the comments provided by the Board and consultants and she presented said reimbursement audit to the Board, a copy of which is attached hereto as Exhibit D. After review and discussion, it was moved by Director Lindemulder, seconded by Director Geva, and unanimously carried that such audit report be approved, and (ii) the disbursement of funds pursuant to the such audit be approved and authorized, subject to receipt of a signed Receipt and Indemnity from College Station Downtown Residential, LLC. ENGINEERING REPORT Mr. Atkinson presented to and reviewed with the Board an Engineering Report dated April 2024, a copy of which is attached hereto as Exhibit E. Following discussion, Director Geva moved to concur in the payment and approval of the pay estimates as set forth in the Engineer's Report. Director Lee seconded the motion, which unanimously carried. DEVELOPER'S REPORT The Board considered the Developer's Report. Mr. Murr presented a verbal report on the status of development within the District. PROPOSED ANNEXATION OF 19.44 ACRES OF LAND TO THE DISTRICT Mr. Atkinson then presented to and reviewed with the Board an Annexation Feasibility Report, prepared by EHRA, relative to 19.44 acres of land owned by College Station Downtown Residential, LLC, which landowner has requested that the District annex such land into the District's boundaries. A copy of the Annexation Feasibility Report presented is attached hereto as Exhibit F. In that regard, Ms. Cole presented and reviewed with the Board (i) a petition to the Board requesting the annexation of the tract, and (ii) a petition to the City of College Station requesting its consent to such annexation (the "City Petition"). Following review and discussion, Director Geva moved to (i) approve and authorize the President and Secretary to execute the City Petition, and (ii) authorize SPH to file the City Petition and any other documents required in connection with the City's consideration of such request. Director Lee seconded the motion which unanimously carried. 3 729559_1 ATTORNEY'S REPORT Ms. Cole presented to and discussed with the Board a memorandum prepared by SPH, a copy of which is attached hereto as Exhibit G, regarding the use of social media by public officials. In connection therewith, Ms. Cole advised the Board that directors should exercise caution when discussing District -related matters on their personal social media pages in light of a recent U.S. Supreme Court ruling as further discussed in the memorandum. FUTURE AGENDA ITEMS The Board considered items for placement on future agendas. Ms. Cole noted that the next meeting of the Board will be held on Thursday, August 8, 2024, at 2:00 p.m. ADJOURNMENT There being no further business to come before the Board, on motion made by Director Geva, seconded by Director Lee, and unanimously carried, the meeting was adjourned. �� 'ilII11WIN, • �O. = � • : 729559_1 4 LIST OF ATTACHMENTS Rock Prairie Management District No. 2 Minutes of Meeting of May 9, 2024 Exhibit A FORVIS, LLP Engagement Letter Exhibit B Bookkeeping Report Exhibit C Tax Assessor/Collector Report Exhibit D Reimbursement Audit Exhibit R Engineering Report Exhibit F Annexation Feasibility Report Exhibit G Social Media Memorandum 5 729559_1 EXHIBIT "A" r t - ■ �s 11 m • 1 1I ■ • 1 I a. — —4 1 - Oft • -4 F_ _ _ - ■ a 1 ___ ■ mo■ ii ■ ME ■� ■ • _ _ _ _ - ■ s-X ■ _ s 1 s- a- .- F.--r' ■ a— • i.- - - _ _ i- --4 _ -- - - -L - 1 t - 1 - 1 1 1 1 -1 1 I I T FO RV/S 2700 Post Oak Boulevard, Suite 1500 / Houston, TX 77056 P 713.499.4600 / F 713.499.4699 forvis.com May 9, 2024 Board of Directors Rock Prairie Management District No. 2 Brazos County, Texas We appreciate your selection of FORVIS, LLP as your service provider and are pleased to confirm the arrangements of our engagement in this contract. Within the requirements of our professional standards and any duties owed to the public, regulatory, or other authorities, our goal is to provide you an Unmatched Client Experience. In addition to the terms set forth in this contract, including the detailed Scope of Services, our engagement is governed by the following, incorporated fully by this reference: • Terms and Conditions Addendum Summary Scope of Services As described in the attached Scope of Services, our services will include the following: Rock Prairie Management District No. 2 • Audit Services for the year ended May 31, 2024 You agree to assume full responsibility for the substantive outcomes of the contracted services and for any other services we may provide, including any findings that may result. You also acknowledge these services are adequate for your purposes, and you will establish and monitor the performance of these services to ensure they meet management's objectives. All decisions involving management responsibilities related to these services will be made by you, and you accept full responsibility for such decisions. We understand the Board of Directors (Board) is designated to be responsible and accountable for overseeing the performance of nonattest services, and you have determined the Board is qualified to conduct such oversight. Engagement Fees The fee for our services will be $14,000, plus an administrative fee of $1,000 to cover items such as report production, copies, postage and other delivery charges, supplies, technology -related costs such as software licensing, user access, and research tools, and similar expense items. In addition, fees for the review of a preliminary official statement, official statement, and the agreement to the reproduction of our audit opinion in the official statement for any new bond sales during the period will be in the range of $2,000 to $2,500. FORVIS is a trademark of FORVIS, LLP, registered with the U.S. Patent and Trademark Office ) PRAXITV Empowering gualnaaa elahally Rock Prairie Management District No. 2 May 9, 2024 Page 2 The fees for our services in assisting with the accounting for capital asset construction activity and preparation of depreciation schedules will be invoiced on an hourly basis. We will communicate with you if anticipated fees exceed $2,000. Our pricing for this engagement and our fee structure are based upon the expectation that our invoices will be paid promptly. Payment of our invoices is due upon receipt. Assistance with New Standards Assistance and additional time as a result of the adoption of new standards, if any, are not included within our standard engagement fees. These fees will be based on time expended and will vary based on the level of assistance and procedures required. Contract Agreement Please sign and return this contract to indicate your acknowledgment of, and agreement with, the arrangements for our services including our respective responsibilities. FORVIS, LLP FOV- 1S,LLLP Acknowledged and agreed to as it relates to the entire contract, including the Scope of Services and Terms and Conditions Addendum, on behalf of Rock Prairie Management District No. 2. BY Board President DATE g /Z SG Rock Prairie Management District No. 2 May 9, 2024 Page 3 Scope of Services — Audit Services We will audit the basic financial statements and related disclosures for the following entity with the objective of expressing an opinion on the financial statements: Rock Prairie Management District No. 2 as of and for the year ended May 31, 2024. The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. This audit will encompass all funds of Rock Prairie Management District No. 2. We will also provide you with the following nonattest services: • Preparing depreciation schedules based on your assignment of depreciable lives and methods • Preparing a draft of the financial statements and related notes Brian Krueger is responsible for supervising the engagement team and authorizing the signing of the report or reports. We will issue a written report upon completion of our audit, addressed to the following parties: Entity Name Party Name Rock Prairie Management District No. 2 Board of Directors Municipal utility districts, by their nature, depend on services from consultants, attorneys, and others to carry out the administration of the district and require sharing of information among these service providers along with specific regulatory or other parties. You authorize us and our representatives to provide documents, reports, and information to the distribution list provided by the Board or the District's representatives, which may include attorneys, engineers, bookkeepers, developers, tax collectors, operators, agents, and other consultants, along with auditors of other districts that share operations or facilities with the district. The following apply for the audit services described above: Our Responsibilities We will conduct our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). We will exercise professional judgment and maintain professional skepticism throughout the audit. We will identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. We will obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. We will evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. Limitations and Fraud Opinion Your Responsibilities Rock Prairie Management District No. 2 May 9, 2024 Page 4 We will also conclude, based on audit evidence obtained, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit that is planned and conducted in accordance with GAAS will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to any later periods for which we are not engaged as auditors. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Our understanding of internal control is not for the purpose of expressing an opinion on the effectiveness of your internal control. However, we will communicate to you in writing any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we identify during the audit. We are available to perform additional procedures with regard to fraud detection and prevention at your request, subject to completion of our normal engagement acceptance procedures. The actual terms and fees of such an engagement would be documented in a separate contract to be signed by you and FORVIS. Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to modify our opinion, add an emphasis -of -matter paragraph or other -matter paragraph(s) to our auditor's report, or if necessary, decline to express an opinion or withdraw from the engagement. If we discover conditions that may prohibit us from issuing a standard report, we will notify you. In such circumstances, further arrangements may be necessary to continue our engagement. Management and, if applicable, those charged with governance acknowledge and understand their responsibility for the accuracy and completeness of all information provided and for the following: • Audit Support — to provide us with: o Unrestricted access to persons within the entity or within components of the entity (including management, those charged with governance, and component auditors) from whom we determine it necessary to obtain audit evidence o Information of which you are aware that is relevant to the preparation and fair presentation of the financial statements, including access to information relevant to disclosures Rock Prairie Management District No. 2 May 9, 2024 Page 5 o Information about events occurring or facts discovered subsequent to the date of the financial statements, of which management may become aware, that may affect the financial statements o Information about any known or suspected fraud affecting the entity involving management, employees with significant role in internal control, and others where fraud could have a material effect on the financials o Identification and provision of report copies of previous audits, attestation engagements, or other studies that directly relate to the objectives of the audit, including whether related recommendations have been implemented o Additional information that we may request for the purpose of the audit • Internal Control and Compliance — for the: o Design, implementation, and maintenance of internal control relevant to compliance with laws and regulations and the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error o Alignment of internal control to ensure that appropriate goals and objectives are met, that management and financial information is reliable and properly reported and that compliance with and identification of the laws, regulations, contracts, grants, or agreements (including any federal award programs) applicable to the entity's activities is achieved o Remedy, through timely and appropriate steps, of fraud and noncompliance with provisions of laws, regulations, contracts, or other agreements reported by the auditor o Establishment and maintenance of processes to track the status and address findings and recommendations of auditors • Accounting and Reporting — for the: o Maintenance of adequate records, selection and application of accounting principles, and the safeguard of assets o Adjustment of the financial statements to correct material misstatements and confirmation to us in the representation letter that the effects of any uncorrected misstatements aggregated by us are immaterial, both individually and in the aggregate, to the financial statements taken as a whole o Preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America (or other basis if indicated in the contract) o Inclusion of the auditors' report in any document containing financial statements that indicates that such financial statements have been audited by us o Distribution of audit reports to any necessary parties The results of our tests of compliance and internal control over financial reporting performed in connection with our audit of the financial statements may not fully meet the reasonable needs of report users. Management is responsible for obtaining audits, examinations, agreed -upon procedures, or other engagements that satisfy relevant legal, regulatory, or contractual requirements or fully meet other reasonable user needs. Written Confirmations Required Preserving Future Independence Notice Required Rock Prairie Management District No. 2 May 9, 2024 Page 6 As part of our audit process, we will request from management and, if applicable, those charged with governance written confirmation acknowledging certain responsibilities outlined in this contract and confirming: • The availability of this information • Certain representations made during the audit for all periods presented • The effects of any uncorrected misstatements, if any, resulting from errors or fraud aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole Our performance of certain nonattest services may not be permitted under the SEC and PCAOB independence rules, to which we are not currently subject. Accordingly, if we perform services that are not permitted under those rules, you would not be permitted to use our reports in a registration statement or other document requiring compliance with those rules. You agree to inform us promptly if you are considering any future public offering of securities, use of our reports to comply with the Investment Advisers Act custody rule, or other action that would necessitate our future compliance with the independence rules of the SEC and PCAOB. As indicated in the Terms and Conditions Addendum, any time you intend to reference our firm name in any manner in any published materials, including on an electronic site, you agree to provide us with draft materials for our review and approval before publishing or posting such information. However, no notice is required for filings with the Texas Commission on Environmental Quality (TCEQ), with required information repositories, the Texas Attorney General's Office, and cities, as required by statute or regulation. GENERAL 1. Overview. This addendum describes FORVIS LLP's standard terms and conditions ("Terms and Conditions") applicable to Our provision of services to the Client ("You"). The Terms and Conditions are a part of the contract between You and FORVIS, LLP. For the purposes of the Terms and Conditions, any reference to "Firm," "We," "Us," or "Our" is a reference to FORVIS, LLP ("FORVIS"), and any reference to "You" or "Your" is a reference to the party or parties that have engaged Us to provide services and the party or parties ultimately responsible for payment of Our fees and costs. BILLING, PAYMENT, & TERMINATION 2. Billing and Payment Terms. We will bill You for Our professional fees and costs as outlined in Our contract. Interest will be charged on any unpaid balance after 30 days at the rate of 10 percent per annum, or as allowed by law at the earliest date thereafter, and highest applicable rate if less than 10 percent. All fees, charges, and other amounts payable to FORVIS hereunder do not include any sales, use, excise, value-added, or other applicable taxes, tariffs, or duties, payment of which shall be Your sole responsibility, and do not include any applicable taxes based on FORVIS' net income or taxes arising from the employment or independent contractor relationship between FORVIS and FORVIS' personnel. We reserve the right to suspend or terminate Our work for this engagement or any other engagement for nonpayment of fees. If Our work is suspended or terminated, You agree that We will not be responsible for Your failure to meet governmental and other deadlines, for any penalties or interest that may be assessed against You resulting from Your failure to meet such deadlines, and for any other damages (including but not limited to consequential, indirect, lost profits, or punitive damages) incurred as a result of the suspension or termination of Our services. Our fees may increase if Our duties or responsibilities are increased by rulemaking of any regulatory body or any additional new accounting or auditing standards. Our engagement fees do not include any time for post -engagement consultation with Your personnel or third parties, consent letters and related procedures for the use of Our reports in offering documents, inquiries from regulators, or testimony or deposition regarding any subpoena. Charges for such services will be billed separately. 3. Billing Records. If these services are determined to be within the scope and authority of Section 1861(v)(1)(I) of the Social Security Act, We agree to make available to the Secretary of Health and Human Services, or to the U.S. Comptroller General, or any of their duly authorized representatives, such of Our books, documents, and records that are necessary to certify the nature and extent of Our services, until the expiration of four (4) years after the furnishing of these services. This contract allows access to contracts of a similar nature between subcontractors and related organizations of the subcontractor, and to their books, documents, and records. Rock Prairie Management District No. 2 May 9, 2024 Page 7 FORVIS, LLP Terms and Conditions Addendum 4. Termination. Either party may terminate these services in good faith at any time for any reason, including Your failure to comply with the terms of Our contract or as We determine professional standards require. Both parties must agree, in writing, to any future modifications or extensions. If services are terminated, You agree to pay FORVIS for time expended to date. In addition, You will be billed costs and fees for services from other professionals, if any, as well as an administrative fee of five (5) percent to cover certain technology and administrative costs associated with Our services. Unless terminated sooner in accordance with its terms, this engagement shall terminate upon the completion of FORVIS' services hereunder. DISPUTES & DISCLAIMERS 5. Mediation. Any dispute arising out of or related to this engagement will, prior to resorting to litigation, be submitted for nonbinding mediation upon written request by either party. Both parties agree to try in good faith to settle the dispute in mediation. The mediator will be selected by agreement of the parties. The mediation proceeding shall be confidential. Each party will bear its own costs in the mediation, but the fees and expenses of the mediator will be shared equally. 6. Indemnification. Unless disallowed by law or applicable professional standards, You agree to hold FORVIS harmless from any and all claims which arise from knowing misrepresentations to FORVIS, or the intentional withholding or concealment of information from FORVIS by Your management or any partner, principal, shareholder, officer, director, member, employee, agent, or assign of Yours. To the extent allowed by law, but without any requirement that You establish or maintain a separate interest and sinking fund therefore, You also agree to indemnify FORVIS for any claims made against FORVIS by third parties, which arise from any wrongful actions of Your management or any partner, principal, shareholder, officer, director, member, employee, agent, or assign of Yours. The provisions of this paragraph shall apply regardless of the nature of the claim. 7. Statute of Limitations. [Deleted] 8. Limitation of Liability. You agree that FORVIS' liability, if any, arising out of or related to this contract and the services provided hereunder, shall be limited to the amount of the fees paid by You for services rendered under this contract. This limitation shall not apply to the extent it is finally, judicially determined that the liability resulted from the gross negligence or intentional or willful misconduct of FORVIS or if enforcement of this provision is disallowed by applicable law or professional standards. 9. Waiver of Certain Damages. Except with respect to claims of gross negligence or intentional or willful misconduct, or a breach of confidentiality, in no event shall FORVIS be liable to You or a third party for any indirect, special, consequential, punitive, or exemplary damages, including but not limited to lost profits, loss of revenue, interruption, loss of use, damage to goodwill or reputation, regardless of whether You were advised of the possibility of such damages, regardless of whether such o, damages were reasonably foreseeable, and regardless of whether such damages arise under a theory of contract, tort, strict liability, or otherwise. 10. Choice of Law. You acknowledge and agree that any dispute arising out of or related to this contract shall be governed by the laws of the State of Texas, without regard to its conflict of laws principles. 11. WAIVER OF JURY TRIAL. THE PARTIES HEREBY AGREE NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVE ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THIS AGREEMENT, OR ANY CLAIM, COUNTERCLAIM, OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY THE PARTIES, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. 12. Severability. In the event that any term or provision of this agreement shall be held to be invalid, void, or unenforceable, then the remainder of this agreement shall not be affected, and each such term and provision of this agreement shall be valid and enforceable to the fullest extent permitted by law. 13. Assignment. You acknowledge and agree that the terms and conditions of this contract shall be binding upon and inure to the parties' successors and assigns, subject to applicable laws and regulations. 14. Disclaimer of Legal or Investment Advice. Our services do not constitute legal or investment advice. RECORDS, WORKPAPERS, DELIVERABLES, & PROPRIETARY INFORMATION 15. Maintenance of Records. All audit and/or agreed -upon procedure reports generated by Us hereunder shall be Your property upon finalization of same. We acknowledge that the requirements of Chapter 552, Texas Government Code, as amended (the "Public Information Act"), and Chapters 201-205, Texas Local Government Code, as amended (the "Local Government Records Act," and together with the Public Information Act, the "Acts"), each apply to all public information, as defined by the Public Information Act, and all local government records, as defined by the Local Government Records Act, related to the relationship between the You and Us, and to any work carried out thereunder. We covenant that We will comply with all requirements of the Acts, Your Record Management Program, and all applicable rules, regulations, policies, and retention schedules adopted thereunder. You agree to assume full responsibility for maintaining Your original data and records and that FORVIS has no responsibility to maintain this information. You agree You will not rely on FORVIS to provide hosting, electronic security, or backup services, e.g., business continuity or disaster recovery services, to You unless separately engaged to do so. You understand that Your access to data, records, and information from FORVIS' servers, i.e., FORVIS portals used to exchange Rock Prairie Management District No. 2 May 9, 2024 Page 8 information, can be terminated at any time and You will not rely on using this to host Your data and records. 16. FORVIS Workpapers. Our workpapers and documentation (except final audit and/or agreed -upon procedure reports) retained in any form of media for this engagement are the property of FORVIS. We can be compelled to provide information under legal process. In addition, We may be requested by regulatory or enforcement bodies (including any State Board) to make certain workpapers available to them pursuant to authority granted by law or regulation. Unless We are prohibited from doing so by law or regulation, FORVIS will inform You of any such legal process or request. You agree We have no legal responsibility to You in the event We determine We are obligated to provide such documents or information. We will cooperate with You in responding to any subpoena where FORVIS is not a party and will provide You with a fee estimate based on the estimated time required to comply. You agree to compensate FORVIS for the time expended complying with the subpoena or other legal process based on the agreed -upon estimates. 17. Subpoenas or Other Legal Process. In the event FORVIS is required to respond to any such subpoena, court order, or any government regulatory inquiry or other legal process relating to You or Your management for the production of documents and/or testimony relative to information We obtained or prepared incident to this or any other engagement in a matter in which FORVIS is not a party, You shall compensate FORVIS for all time We expend in connection with such response at normal and customary hourly rates and to reimburse Us for all out-of-pocket expenses incurred in regard to such response. 18. Use of Deliverables and Drafts. You agree You will not modify any deliverables or drafts prepared by Us for distribution to third parties. You also understand that We may on occasion send You documents marked as draft and understand that those are for Your review purpose only, should not be distributed in any way, and should be destroyed as soon as possible. Draft documents are subject to potentially material changes until such time as they are marked final, and We shall not be liable to You in Your use of such draft documents. Our report on any financial statements must be associated only with the financial statements that were the subject of Our engagement. You may make copies of Our report, but only if the entire financial statements (exactly as attached to Our report, including related footnotes) and any supplementary information, as appropriate, are reproduced and distributed with Our report. 19. Proprietary Information. You acknowledge that proprietary information, documents, materials, management techniques, and other intellectual property are a material source of the services We perform and were developed prior to Our association with You. Any new forms, software, documents, or intellectual property We develop during this engagement for Your use (except final audit and/or agreed -upon procedure reports) shall belong to Us, and You shall have the limited right to use them solely within Your business. All reports, templates, manuals, forms, checklists, questionnaires, letters, agreements, and other documents which We make available to You are confidential and proprietary to Us. This provision will apply to all materials whether in digital, "hard copy" format, or other medium. REGULATORY 20. U.S. Securities and Exchange Commission ("SEC") and other Regulatory Bodies. Where We are providing services either for (a) an entity that is registered with the SEC, (b) an affiliate of such registrant, or (c) an entity or affiliate that is subject to rules, regulations, or standards beyond those of the American Institute of Certified Public Accountants ("AICPA"), any term of this contract that would be prohibited by or impair Our independence under applicable law or regulation shall not apply to the extent necessary only to avoid such prohibition or impairment. 21. Offering Document. You may wish to include Our report(s) on financial statements in an exempt offering document. You agree that any report, including any auditor's report, or reference to Our firm, will not be included in any such offering document without notifying Us. Any agreement to perform work in connection with an exempt offering document, including providing agreement for the use of the auditor's report in the exempt offering document, will be a separate engagement. Any exempt offering document issued by You with which We are not involved will clearly indicate that We are not involved by including a disclosure such as, "FORVIS, LLP, our independent auditor, has not been engaged to perform and has not performed, since the date of its report included herein, any procedures on the financial statements addressed in that report. FORVIS, LLP also has not performed any procedures relating to this offering document." 22. FORVIS Not a Municipal Advisor. FORVIS is not acting as Your municipal advisor under Section 15B of the Securities Exchange Act of 1934, as amended. As such, FORVIS is not recommending any action to You and does not owe You a fiduciary duty with respect to any information or communications regarding municipal financial products or the issuance of municipal securities. You should discuss such matters with internal or external advisors and experts You deem appropriate before acting on any such information or material provided by FORVIS. 23. FORVIS Not a Fiduciary. In providing Our attest services, We are required by law and our professional standards to maintain our independence from You. We take this mandate very seriously and thus guard against impermissible relationships which may impair the very independence which You and the users of Our report require. As such, You should not place upon Us special confidence that in the performance of Our attest services We will act solely in Your interest. Therefore, You acknowledge and agree We are not in a fiduciary relationship with You and We have no fiduciary responsibilities to You in the performance of Our services described herein. TECHNOLOGY 24. Electronic Sites. In the event You place Our report(s), including any reports on Your financial statements, along with other information, such as a report by management or those Rock Prairie Management District No. 2 May 9, 2024 Page 9 charged with governance on operations, financial summaries or highlights, financial ratios, etc., on an electronic site, You agree to notify Us. You recognize that We have no responsibility to review information contained in electronic sites. 25. Electronic Signatures and Counterparts. This contract and other documents to be delivered pursuant to this contract may be executed in one or more counterparts, each of which will be deemed to be an original copy and all of which, when taken together, will be deemed to constitute one and the same agreement or document, and will be effective when counterparts have been signed by each of the parties and delivered to the other parties. Each party agrees that the electronic signatures, whether digital or encrypted, of the parties included in this contract are intended to authenticate this writing and to have the same force and effect as manual signatures. Delivery of a copy of this contract or any other document contemplated hereby, bearing an original manual or electronic signature by facsimile transmission (including a facsimile delivered via the internet), by electronic mail in "portable document format" (".pdf') or similar format intended to preserve the original graphic and pictorial appearance of a document, or through the use of electronic signature software, will have the same effect as physical delivery of the paper document bearing an original signature. 26. Electronic Data Communication and Storage. In the interest of facilitating Our services to You, We may send data over the internet, temporarily store electronic data via computer software applications hosted remotely on the internet, or utilize cloud -based storage. Your confidential electronic data may be transmitted or stored using these methods. In using these data communication and storage methods, We employ measures designed to maintain data security. We use reasonable efforts to keep such communications and electronic data secure in accordance with Our obligations under applicable laws, regulations, and professional standards. You recognize and accept that We have no control over the unauthorized interception or breach of any communications or electronic data once it has been transmitted or if it has been subject to unauthorized access while stored, notwithstanding all reasonable security measures employed by Us. You consent to Our use of these electronic devices and applications during this engagement. OTHER MATTERS 27. Cooperation. You agree to cooperate with FORVIS in the performance of FORVIS' services to You, including the provision to FORVIS of reasonable facilities and timely access to Your data, information, and personnel. You shall be responsible for the performance of Your employees and agents. 28. Third -Party Service Providers. FORVIS may from time to time utilize third -party service providers, including but not limited to domestic software processors or legal counsel, or disclose confidential information about You to third -party service providers in serving Your account. FORVIS maintains, however, internal policies, procedures, and safeguards to protect the confidentiality and security of Your information. In addition, FORVIS will secure confidentiality agreements with all service providers to maintain the confidentiality of Your information. If We are unable to secure an appropriate confidentiality agreement, You will be asked to consent prior to FORVIS sharing Your confidential information with the third -party service provider. 29. Independent Contractor. When providing services to You, We will be functioning as an independent contractor; and in no event will We or any of Our employees be an officer of You, nor will Our relationship be that of joint venturers, partners, employer and employee, principal and agent, or any similar relationship giving rise to a fiduciary duty to You. Decisions regarding management of Your business remain the responsibility of Your personnel at all times. Neither You nor FORVIS shall act or represent itself, directly or by implication, as an agent of the other or in any manner assume or create any obligation on behalf of, or in the name of, the other. 30. Use of FORVIS Name. Any time You intend to reference FORVIS' firm name in any manner in any published materials, other than in connection with Our audit report or other deliverables, You agree to provide Us with draft materials for review and approval before publishing or posting such information. 31. Praxity. FORVIS is an independent accounting firm allowed to use the name "Praxity" in relation to its practice. FORVIS is not connected, however, by ownership with any other firm using the name "Praxity." FORVIS will be solely responsible for all work carried out on Your behalf. In deciding to engage FORVIS, You acknowledge that We have not represented to You that any other firm using the name "Praxity" will in any way be responsible for Our work. 32. Entire Agreement. The contract, including this Terms and Conditions Addendum and any other attachments or addenda, encompasses the entire agreement between You and FORVIS and supersedes all previous understandings and agreements between the parties, whether oral or written. Any modification to the terms of this contract must be made in writing and signed by both You and FORVIS. 33. Force Majeure. We shall not be held responsible for any failure to fulfill Our obligations if such failure was caused by circumstances beyond Our control, including, without limitation, fire or other casualty, act of God, act of terrorism, strike or labor dispute, war or other violence, explosion, flood or other natural catastrophe, epidemic or pandemic, or any law, order, or requirement of any governmental agency or authority affecting either party, including without limitation orders incident to any such epidemic or pandemic, lockdown orders, stay-at-home orders, and curfews. 34. Representations. (a) As required by Chapter2271, Texas Government Code, We represent that We, including any wholly owned subsidiary, majority -owned subsidiary, parent company, or affiliate of Us, do not boycott Israel and will not boycott Israel through the term of this engagement. The term "boycott Israel" in this paragraph has the meaning assigned to such term in Section 808.001 of the Texas Government Code, as amended. Rock Prairie Management District No. 2 May 9, 2024 Page 10 (b) Pursuant to Chapter 2252, Texas Government Code, We represent and certify that, at the time of execution of this contract, neither We, nor any wholly owned subsidiary, majority -owned subsidiary, parent company, or affiliate of the same is a company listed by the Texas Comptroller of Public Accounts under Sections 2270.0201 or 2252.153 of the Texas Government Code. (c) To the extent the engagement to which this Terms and Conditions Addendum is attached has a value of $100,000 or more, pursuant to 2276, as amended, We hereby verify that We, including a wholly owned subsidiary, majority -owned subsidiary, parent company, or affiliate of Us, does not boycott energy companies, and will not boycott energy companies during the term of this Agreement. As used in the foregoing verification, "boycott energy companies" shall have the meaning assigned to the term "boycott energy company" in Section 809.001, Texas Government Code. (d) To the extent the engagement to which this Terms and Conditions Addendum is attached has a value of $100,000 or more, pursuant to Section 2274.002, Texas Government Code, as amended, We hereby verify that We, including a wholly owned subsidiary, majority -owned subsidiary, parent company or affiliate of Us: (i) do not have a practice, policy, guidance or directive that discriminates against a firearm entity or firearm trade association, and (ii) will not discriminate against a firearm entity or firearm trade association during the term of the Agreement. As used in the foregoing verifications, "discriminate against a firearm entity or trade association" shall have the meaning assigned to such term in Section 2274.001(3), Texas Government Code, as amended. CERTIFICATE OF INTERESTED PARTIES Complete Nos. 1- 4 and 6 if there are interested parties. Complete Nos. 1, 2, 3, 5, and 6 if there are no interested parties. 1 Name of business entity filing form, and the city, state and country of the business entity's place of business. FORVIS, LLP Houston, TX United States 2 Name of governmental entity or state agency that is a party to the contract for which the form is being filed. Rock Prairie Management District No. 2 3 Provide the identification number used by the governmental entity or state agency to track or identify description of the services, goods, or other property to be provided under the contract. 05092024 Audit of the District's financial statements for the fiscal year ended May 31, 2024 4 Cole, Abe Graham, Frank Snow, Matt Watson , Tom FORM 1295 1 of 1 OFFICE USE ONLY CERTIFICATION OF FILING Certificate Number: 2024-1156135 Date Filed: 05/02/2024 Date Acknowledged: 06/12/2024 the contract, and provide a Name of Interested Party City, State, Country (place of business) 5 Check only if there is NO Interested Party. 6 UNSWORN DECLARATION My name is My address is Springfield, MO United States Charlotte, NC United States Charlotte, NC United States Dallas, TX United States , and my date of birth is (street) (city) (state) I declare under penalty of perjury that the foregoing is true and correct. Executed in County. State of , on the day of Nature of interest (check applicable) Controlling Intermediary (zip code) (country) , 20 . (month) (year) Signature of authorized agent of contracting business entity (Declarant) Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V3.5.1.5b35d027 CERTIFICATE OF INTERESTED PARTIES Complete Nos. 1- 4 and 6 if there are interested parties. Complete Nos. 1, 2, 3, 5, and 6 if there are no interested parties. 1 Name of business entity filing form, and the city, state and country of the business entity's place of business. FORVIS, LLP Houston, TX United States 2 Name of governmental entity or state agency that is a party to the contract for which the form is being filed. Rock Prairie Management District No. 2 FORM 1295 1 of 1 OFFICE USE ONLY CERTIFICATION OF FILING Certificate Number: 2024-1156135 Date Filed: 05/02/2024 Date Acknowledged: 3 Provide the identification number used by the governmental entity or state agency to track or identify the contract, and provide a description of the services, goods, or other property to be provided under the contract. 05092024 Audit of the District's financial statements for the fiscal year ended May 31, 2024 4 Cole, Abe Graham, Frank Snow, Matt Watson , Tom Name of Interested Party City, State, Country (place of business) 5 Check only if there is NO Interested Party. 6 UNSWORN DECLARATION My name is BRIAN K. KRUEGER My address is 2700 POST OAK BLVD., SUITE 1500 (street) declare under penalty of perjury that the foregoing is true and correct. Executed in HARRIS Nature of interest (check applicable) Controlling Intermediary Springfield, MO United States X Charlotte, NC United States X Charlotte, NC United States X Dallas, TX United States X and my date of birth is 04/11/67 HOUSTON TX 77056 USA County, State of (city) (state) (zip code) (country) TEXAS . on the 9th day of MAY , 20 24 (month) (year) $rtaw i(. t rt 4e-r Signature of authorized agent of contracting business entity (Declarant) Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V3.5.1.5b35d027 EXHIBIT "B" 1 I • ■ I -- • ■ = - 3- •- «--■-#F-1 — -—_err• - - ■IIF 12, f f� • _{ - f - - ■....- - f - - 1 1 - — L 1 - --00 _ ■� - 4 it - F atria _ - _ i - - - _ _F___. —3 >w _� _-■ - -- ■� �- - — -iri ~ ■_ iF f _Et ■ 1 f # - F -■ —i • ! -ice- _ _ ■ 4-■ ■ r-F. _ t_ _ - _ ■ _ f -■ - �F- - - _ - ■� .� _ i - ' - - - - a - ■ - - . - - - ! ■ - - ■ - . - '� - - f-■ - I - - l- = '-■ - - - t - -• - EP I_ .� ■ ■ - - • - 4 ---,.:ram_ . - *=! � t I -■i r-■• • i-• a MUNICIPAL ACCOUNTS CONSULTING, L.P. Bookkeeper's Report I May 9, 2024 Rock Prairie Management District No. 2 WEBSITE www.municipalaccounts.com ADDRESS 611 Longmire Rd Conroe, Texas 77304 CONTACT Phone: 936.756.1644 Fax: 936.756.1844 THIS PAGE INTENTIONALLY LEFT BLANK 1.9 Monthly Financial Summary - General Operating Fund Rock Prairie MD No. 2 - GOF (4) Account Balance Summary Balance as of 04/12/2024 $131,988 Receipts 26,229 Disbursements (43,253) Balance as of 05/09/2024 $114,964 April 2024 Revenues Actual Budget $10,229 $5,554 Expenditures Actual Budget $20,453 $18,135 Over/(Under) $4,675 Over/(Under) $2,318 Overall Revenues & Expenditures By Month (Year to Date) Current Year Revenues --•-- Prior Year Revenues --� Current Year Expenditures --•-- Prior Year Expenditures $200K $150K $100K $50K $0K Jul Sep Nov Jan Mar May Jun Aug Oct Dec Feb Apr June 2023 - April 2024 (Year to Date) Revenues Actual Budget $356,060 $236,060 Expenditures Actual Budget $212,281 $215,553 Operating Fund Reserve Coverage Ratio (In Months) 10 8 6 4 2 0 0.0 0.0 0.0 111111 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 Feb 24 Mar 24 Apr 24 90 Over/(Under) $120,000 Over/(Under) ($3,272) 8.8 1.8 2 General Operating Fund Cash Flow Report - Checking Account Rock Prairie MD No. 2 - GOF Number Balance as of 04/12/2024 Receipts Name Maintenance Tax Collections Transfer from Investments Total Receipts Disbursements 2141 2143 2144 2145 2146 2147 2148 2149 2150 Svc Chg Wire Greener Images B&A Municipal Tax Service B&A Municipal Tax Service Forvis Greener Images Municipal Accounts & Consulting, LP Municipal Accounts & Consulting, LP Schwartz, Page & Harding, L.L.P. Greener Images Central Bank Attorney General of Texas Total Disbursements Balance as of 05/09/2024 Memo Maintenance & Repairs - Irrigation Repair SB2 Compliance Series 2024 Road - Bond Issuance SB 625 Compliance Mowing & Repairs Bookkeeping Fees Series 2024 Road - Bookkeeping Fees Legal Fees Mowing & Repairs Service Charge Series 2024 Road -Bond Issuance Amount Balance $3,987.85 9,868.45 16,000.00 (2,226.44) (250.00) (1,200.00) (600.00) (6,930.00) (1,500.59) (4,000.00) (8,905.74) 0.00 (40.00) (1,600.00) $25,868.45 ($27,252.77) $2,603.53 CENTRAL BANK - CHECKING - #XXXX6508 3 General Operating Fund Actual vs. Budget Comparison Rock Prairie MD No. 2 - GOF Revenues Property Tax Revenue 14301 Maintenance Tax Collections Total Property Tax Revenue April 2024 June 2023 - April 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget 9,868 5,554 4,314 9,868 5,554 4,314 Interest Revenue 14802 Interest Earned on Temp. Invest 361 0 361 Total Interest Revenue 361 0 361 225,358 221,044 225,358 221,044 361 361 4,314 221,044 4,314 221,044 0 361 0 361 0 0 Developer Advance 14901 Developer Advance 0 0 0 110,000 15,016 94,984 15,016 Total Developer Advance 0 0 0 110,000 15,016 94,984 15,016 Other Revenue 15801 Miscellaneous Income 0 0 0 9 0 9 0 Total Other Revenue 0 0 0 9 0 9 0 Total Revenues 10,229 5,554 4,675 335,727 236,060 99,667 236,060 Expenditures Water Service 16105 Maintenance & Repairs - Water 2,226 0 2,226 19,242 0 19,242 0 Total Water Service 2,226 0 2,226 19,242 0 19,242 0 Parks & Recreation Service 16603 Mowing - Parks 6,930 6,330 600 65,370 66,430 (1,060) 75,000 Total Parks & Recreation Service 6,930 6,330 600 65,370 66,430 (1,060) 75,000 Administrative Service 16703 Legal Fees 8,694 5,000 3,694 53,232 55,000 (1,768) 60,000 16705 Auditing Fees 0 0 0 13,700 13,500 200 13,500 16706 Engineering Fees 0 3,083 (3,083) 16,576 33,917 (17,341) 37,000 16712 Bookkeeping Fees 1,474 3,042 (1,568) 25,931 33,458 (7,528) 36,500 16713 Legal Notices & Other Publ. 0 83 (83) 0 917 (917) 1,000 16714 Printing & Office Supplies 96 167 (70) 1,588 1,833 (245) 2,000 16715 Filing Fees 0 17 (17) 342 183 158 200 16716 Delivery Expense 0 13 (13) 93 138 (45) 150 16717 Postage 3 11 (8) 68 119 (51) 130 16718 Insurance & Surety Bond 0 0 0 3,068 3,068 0 3,200 16722 Bank Service Charge 40 40 0 280 440 (160) 480 16723 Travel Expense 119 100 19 961 1,100 (139) 1,200 16731 Arbitrage Analysis 0 0 0 1,800 0 1,800 0 16737 SB 2 Expenses 250 250 0 2,750 2,750 0 3,000 4 General Operating Fund Actual vs. Budget Comparison Rock Prairie M❑ No. 2 - GOF April 2024 June 2023 - April 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Expenditures Total Administrative Service 10,676 11,805 (1,129) 120,388 146,423 (26,035) 158,360 Other Expense 17802 Miscellaneous Expense 621 0 621 7,280 2,700 4,580 2,700 Total Other Expense 621 0 621 7,280 2,700 4,580 2,700 Total Expenditures 20,453 18,135 2,318 212,281 215,553 (3,272) 236,060 Total Revenues (Expenditures) (10,224) (12,581) 2,357 123,446 20,507 102,939 0 Other Revenues Extra Ordinary Revenue 15902 Transfer From Capital Projects 0 0 0 20,333 0 20,333 0 Total Extra Ordinary Revenue 0 0 0 20,333 0 20,333 0 Total Other Revenues 0 0 0 20,333 0 20,333 0 Total Other Revenues (Expenditures) 0 0 0 20,333 0 20,333 0 Excess Revenues (Expenditures) (10,224) (12,581) 2,357 143,779 20,507 123,272 0 1 General ❑perating Fund Balance Sheet as of 04/30/2024 Rock Prairie MD No. 2 - GOF q2) Assets Bank 11101 Cash in Bank Total Bank Investments 11201 Time Deposits Total Investments Receivables 11303 Maintenance Tax Receivable Total Receivables Interfund Receivables 11401 Due From Capital Projects 11403 Due From Tax Account Total Interfund Receivables Total Assets Liabilities & Equity Liabilities Accounts Payable 12101 Accounts Payable Total Accounts Payable Deferrals 12502 Deferred Inflows Property Taxes Total Deferrals Total Liabilities $9,990 $9,990 $128,361 $128,361 $3,175 $3,175 $16,840 (11,341) $5,499 $147,025 $23,386 $23,386 $3,175 $3,175 $26,561 Equity Unassigned Fund Balance 13101 Unassigned Fund Balance ($23,315) Total Unassigned Fund Balance ($23,315) Net Income $143,779 Total Equity $120,464 Total Liabilities & Equity $147,025 6 General Operating Fund District Debt Summary as of 05/09/2024 Rock Prairie M❑ No. 2 - DSF Total $ Authorized $178.00M Total $ Issued $6.75M Yrs to Mat Rating 26 AA WATER, SEWER, DRAINAGE Authorized $71.40M Issued N/A $ Available To Issue $71.40M PARK/ROAD/OTHER REFUNDING Authorized Authorized $106.60M $178.00M Issued Issued $6.75M N/A $ Available To Issue $ Available To Issue $99.85M $178.00M *Actual Outstanding' Refunding Bonds issued below may differ from the 'Issued' total above pursuant to Chapter 1207, Texas Government Code. Outstanding Debt Breakdown Series Issued 2023 - Road 2022 - Road 2021 - Road Total Original Bonds Issued Maturity Date $1,750,000 2050 $2,500,000 2050 $2,500,000 2050 $6,750,000 Principal Outstanding $1,750,000 $2,500,000 $2,370,000 $6,620,000 7 Dirii Abt sure District wept Schedule V Rock Prairie MO No. 2 - NSF Paying Agent Series Principal Interest Total Bank of New York 2023 - Road $0.00 $39,468.75 $39,468.75 Bank of New York 2022 - Road $60,000.00 $60,312.50 $120,312.50 Bank of New York 2021 - Road $65,000.00 $30,762.50 $95,762.50 Total Due 09/01/2024 $125,000.00 $130,543.75 $255,543.75 Paying Agent Series Principal IInterest Total Bank of New York 2023 - Road $0.00 $39,468.75 $39,468.75 Bank of New York 2022 - Road $0.00 $58,212.50 $58,212.50 Bank of New York 2021 - Road $0.00 $30,275.00 $30,275.00 Total Due 03/01/2025 $0.00 $127,956.25 $127,956.25 A District Debt Schedule Investment Profile as of 05/09/2024 ra r i i No. 2 General Operating Fund Capital Projects Fund Debt Service Fund Other Funds Funds Available to Invest Funds Available to Invest $114,964 Funds Invested $112,361 Percent Invested 98 % Term On Demand $0 Funds Invested $0 Percent Invested 0% Money Market 5.38 Term 180 Days 270 Days 1 Yr 13 Mo 18 Mo 2 Yr Funds Available to Invest Funds Available to Invest $498,833 Funds Invested $498,833 Percent Invested 100 % Certificate of Deposit *Rates are based on the most current quoted rates and are subject to change daily. 5.42 % 5.37 % 5.29 5.17 % 4.41 % 2.11 % Investment Rates Over Time (By Month) I May 2023 - April 2024 5.60% 5.40% 5.20% 5.00% 4.80% 4.60% MONEY MARKET CD-1 YEAR U.S. TREASURIES-1 Year N/A Funds Invested N/A Percent Invested N/A Term 180 Days 270 Days 1 Yr 13 Mo 18 Mo 2 Yr U.S. Treasuries 5.37 % 5.37 5.11 % N/A 5.11 % 4.80 2 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 Jan 24 Feb 24 Mar 24 Apr 24 Account Balance as of 05/09/2024 Rock Prairie MD No. 2. - investment Detail FUND: General Operating Financial Institution (Acct Number) Issue Date Maturity Date Interest Rate Account Balance Notes Money Market Funds TEXAS CLASS (XXXX0005) 03/06/2024 5.44 % 112,360.75 Checking Account(s) CENTRAL BANK - CHECKING (XXXX6508) Totals for General Operating Fund FUND: Debt Service Financial Institution (Acct Number) Money Market Funds TEXAS CLASS (XXXX0001) Totals for Debt Service Fund Grand Total for Rock Prairie MD No. 2 : 0.00 % 2,603.53 Checking Account $114,964.28 Issue Date Maturity Date Interest Rate Account Balance Notes 04/06/2021 5.44 % 498,833.38 Road $498,833.38 $613,797.66 14) Account Balance Num Name 21201 • Time Deposits Bond Wire Bank of New York Mellon Trust Co. Wire Masterson Advisors, LLC Wire McCall, Parkhurst & Horton Wire Schwartz, Page & Harding, L.L.P. Wire College Station Downtown Residential, LLC Wire College Station Downtown Residential, LLC Wire Rock Prairie MD No. 2 - DSF Wire Rock Prairie MD No. 2 - GOF Rock Prairie MD No.2 - CPF Cash Flow - Bond Funding As of May 16, 2024 Series 2024 Road Series 2024 Road Series 2024 Road Series 2024 Road Series 2024 Road Series 2024 Road Series 2024 Road Series 2024 Road General Operating Memo - Bond Proceeds - Paying Agent Fees - Financial Advisor Fees - Disclosure Council - Legal Fees - Developer Reimbursement Interest - Developer Reimbursement - Debt Service Fund Fund Reimbursement Amount 1,552,319,00 -750.00 -35,568.13 -9,500.00 -50,439.66 -210,577.27 -1,127,483.08 - 71,925.00 - 16,840.00 29,235.86 11 MUN IC I PAL .ACCOUNTS &% CONSULTING, L.P. Rock Prairie Management District No. 2 Quarterly Investment Inventory Report Period Ending February 29, 2024 BOARD OF DIRECTORS Rock Prairie Management District No. 2 Attached is the Quarterly Investment Inventory Report for the Period ending February 29, 2024. This report and the District's investment portfolio are in compliance with the investment strategies expressed in the Districts's investment policy, and the Public Funds Investment Act. I, hereby certify that, pursuant to Senate Bill 253 and in connection with the preparation of the investment report, I have reviewed the divestment lists prepared and maintained by the Texas Comptroller of Public Accounts, and the District does not own direct or indirect holdings in any companies identified on such lists. Mark M. Burton (Investment Officer) Ghia Lewis (Investment Officer) COMPLIANCE TRAINING HB 675 states the Investment Officer must attend at least one training seminar for (6) six hours Within twelve months of taking office and requires at least (4) four hours training within each (2) two year period thereafter. INVESTMENT OFFICERS Mark M. Burton Ghia Lewis 611 Longmire Rd • • Conroe, Texas 77304 • Phone: 936.756.1644 • Fax: 936.756.1844 CURRENT TRAINING November 27, 2015 (Texpool Academy 10 Hours) December 26, 2017 (Texpool Academy 10 Hours) January 9, 2020 (Tex -Pool Academy 12 Hours) December 31, 2021 (Texpool Academy 10 Hours) December 16, 2023 (Texpool Academy 10 Hours) November 5, 2015 (Texpool Academy 10 Hours) November 6, 2017 (Texpool Academy 10 Hours) November 5, 2019 (Texpool Academy 10 Hours) December 28, 2021 (Texpool Academy 10 hours) December 26, 2023 (Texpool Academy 10 Hours) Rock Prairie Management District No. 2 Summary of Money Market Funds 12/01/2023 - 02/29/2024 Fund: Capital Projects Financial Institution: TEXAS CLASS Account Number: X00(0004 Date Opened: 05/15/2023 Current Interest Rate: 5.46% Date Description Begin Balance Cash Added Cash Withdrawn Int. Earned End Balance 12/01/2023 1,767.19 12/31/2023 Interest 8.37 01/11/2024 Tr to GOF Chkg (1,775.56) 01/31/2024 Tr not processed 1,77556 01/31/2024 Interest 8.37 02/01/2024 Interest 0.27 02/08/2024 Tr to GOF Chkg (1,784.20) Totals for AccountXXXX0004: $1,767.19 S1,775.56 ($3,559.76) $17.01 Totals for Capital Projects Fund: $1,767.19 51,775.5.E ($3,559.76) 517.01 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interesr Secundes/Direct Goverment Obligations: Market Value Quoted by the Seller of the Senrnty and Confirmed in Wrirting Public Fund Investment Pool/?,al Accounts: Balance = Book Value = Current Market $0.00 $0.00 Rock Prairie Management District No. 2 Summary of Money Market Funds 12/01/2023 - 02/29/2024 Fund: Debt Service Financial Institution: TEXAS CLASS Account Number: XXXX0001 Date Opened: 04/06/2021 Current Interest Rate: 5.46% Date Description Begin Balance Cash Added Cash Withdrawn Int. Earned End Balance 12/01/2023 253,296.31 12/31/2023 Interest 1,202.03 01/31/2024 Interest 1,196.79 02/21/2024 TAX TRANSFER 368,000.00 02/29/2024 BOND PAYMENT BONY (148,962.49) 02/29/2024 Interest 1,586.86 Totals for Account )000001: $253,296.31 S368,001.00 ($148,962.49) $3,985.68 $476,319.50 Totals for Debt Service Fund: $253,296.31 5368,000.00 ($148,962.49) $3,985.68 $476,31950 .a Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus _accrued Interest Secunties/Direct Goverment Obligations: Market Value Quoted by the Seller of the Security .d Confirmed in Writeng Public Fund Investment Pool/blb[ Accounts: Balance = Book Value = Current Market Financial Institution Fund: Operating Rock Prairie Management District No. 2 Summary of Certificates of Deposit with Money Market 12/01/2023 - 02/29/2024 Investment Issue Maturity Beginning Principal From Principal From Principal Principal Ending Interest Beg. Acc. Interest Interest Interest Accrued Number Date Date Balance Cash Investment Withdrawn Reinvested Balance Rate Interest Earned Reinvested Withdrawn Interest Totals for Operating Fund: 0 00 0.00 0.00 0.00 0.00 0-00 N/A 0.00 0.00 0.00 0.00 $0.00 Beginning Balance: $0.00 Interest Earned: $0.00 Plus Principal From Cash: $0.00 Less Beg Accrued Interest: $0.00 Less Principal Withdrawn: $0.00 Plus End Accrued Interest: $0.00 Plus Interest Reinvested: $0.00 Fixed Interest Earned: $0.00 Fixed Balance: $0.00 MM Interest Earned: $0.00 MM Balance: $0.00 Total Interest Earned: $0.00 Total Balance: $0.00 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interest Secunnrs/Direct Goverment Obligations: Market Value Quoted by the Seller of the Secunty and Confined in \Gritting Public Fund Investmenr Pool/\bML\ccounts: Balance = Book Value = Current Market Financial Institution Fund: Capital Projects Rock Prairie Management District No. 2 Summary of Certificates of Deposit with Money Market 12/01/2023 - 02/29/2024 Investment Issue Maturity Beginning Principal From Principal From Principal Principal Ending Interest Beg. Acc. Interest Interest Interest Accrued Number Date Date Balance Cash Investment Withdrawn Reinvested Balance Rate Interest Earned Reinvested Withdrawn Interest Totals for Capital Projects Fund: 0.00 0.00 0.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 0.00 $0.00 Beginning Balance: $0.00 Interest Earned: $0.00 Plus Principal From Cash: $0 00 Less Beg Accrued Interest: $0.00 Less Principal Withdrawn: $0.00 Plus End Accrued Interest: $0.00 Plus Interest Reinvested: $0.00 Fixed Interest Eamed: $0.00 Fixed Balance: $0.00 MM Interest Earned: $17.01 MM Balance: $0.00 Total Interest Earned: $17.01 Total Balance: $0.00 Methods Used For Reporting Market Values Certificates of Deposits: Pace Value Plus Accrued Interest Searnrles/Direct Goverment Obligations: Market Value Quoted by the Seller of the Seeunty and Confirmed in Writting Public Fund Investment Pool/\fiij Accounts: balance = Book Value = Current Market Financial Institution Fund: Debt Service Rock Prairie Management District No. 2 Summary of Certificates of Deposit with Money Market 12/01/2023 - 02/29/2024 Investment Issue Maturity Beginning Principal From Principal From Principal Principal Ending Interest Beg. Acc. Interest Interest Interest Accrued Number Date Date Balance Cash Investment Withdrawn Reinvested Balance Rate Interest Earned Reinvested Withdrawn Interest Totals for Debt Service Fund: 0.00 0.00 0.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 0.00 $0.00 Beginning Balance: $0.00 Interest Eamed: $0.00 Plus Principal From Cash: $0.00 Less Beg Accrued Interest: $0.00 Less Principal Withdrawn: $0.00 Plus End Accrued Interest: $0.00 Plus Interest Reinvested: $0.00 Fixed Interest Eamed: $0.00 Fixed Balance: $0.00 MM Interest Earned: $3,985.68 MM Balance: $476,319.50 Total Interest Eamed: $3,985.68 Total Balance: $476,31950 Totals for District: 0.00 0.00 0.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 0.00 $0.00 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interest Searnnes/Duct Goverment Oblig000ns. \-Lt,ket Value Quoted by the Seller of the Secant• and Confirmed in \Vdtong Public Fund Investment Pool/NMI Accounts: Balance = Book Value = Current Market Proposed Budget Rock Prairie MUD 2 - Fiscal Year Ending 5/31/25 Ten Month Twelve Months Approved Actuals Annualized 06/23-03/24 FYE 05/24 2024 Budget Proposed 2025 Budget Revenues 14901 • Developer Advance 14301 • Maintenance Tax Collections 15801 . Miscellaneous Income Total Revenues Expenditures 16105 . Maintenance & Repairs - Water 16601 . Maintenance & Repairs - Lighting 16703 • Legal Fees 16705 • Auditing Fees 16706 • Engineering Fees 16712 • Bookkeeping Fees 16713 • Legal Notices & Other Publ. 16737 • SB 2 Expenses 16714 • Printing & Office Supplies 16715 • Filing Fees 16716 • Delivery Expense 16603 • Mowing - Parks 16717 • Postage 16718 • Insurance & Surety Bond 16723 • Travel Expense 16722 • Bank Fees 17802 • Miscellaneous Expense 16728 . Record Storage Fees 16731 . Arbitrage Analysis 110,000 110,000 15,016 74,842 215,490 215,490 221,044 220,228 9 9 0 0 $325,499 $325,499 $236,060 $295,070 17,016 51,047 0 35,000 0 0 0 25,000 44,538 53,446 60,000 60,000 13,700 13,700 13,500 15,000 16,576 28,416 37,000 37,000 24,457 29,348 36,500 32,000 0 0 1,000 1,000 2,500 2,500 3,000 2,600 1,492 1,790 2,000 2,000 342 342 200 350 93 112 150 120 58,440 61,100 75,000 75,100 65 78 130 100 3,068 3,068 3,200 3,200 842 1,010 1,200 1,100 240 288 480 300 6,660 1,546 2,700 2,700 0 0 0 650 1,800 1,800 0 1,850 18 Proposed Budget Rock Prairie MUD 2 - Fiscal Year Ending 5/31/25 Ten Month Twelve Months Approved Proposed Actuals Annualized 06/23-03/24 FYE 05/24 2024 Budget 2025 Budget Total Expenditures Other Revenues $191,829 $249,592 $236,060 $295,070 15902 . Transfer from Capital Projects 20,333 20,333 0 0 Total Other Revenues $20,333 $20,333 $0 $0 Net Excess Revenues <Expenditures> $154,002 $96,239 $0 $0 19 EXHIBIT "C" . F - I ` - - - _ - - _ = _ ■ �- -- • • • • - — • • F • 1 • :_ - _ --- -■F� _� - - - • -f ' �•1 -•- • ._� 1 - _ _- • • s s . - • • F ■ - f _- — - - t • • MUNICIPAL TAX SERVICE, LLC Honesty I Efficiency I Transparency I Accountability I Continuity A444 ) 66A ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE MONTH ENDING APRIL 30, 2024 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 HOUSTON, TX 77040 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 1 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 4/30/2024 RECEIVABLES SUMMARY 2023 Balance Forward Levy at 05/31/23 FYE CAD Changes / Uncollectible Outstanding Balance forward Prior Years (2022-2010) at 05/31/23 FYE CAD Changes / Uncollectible Total Levy to be collected Collection prior months (all years) 2023 Taxes Collected net NSF & KR Refunds during current month Taxes Collected for Prior Years net NSF & KR Refunds Total Outstanding Balance $0.00 $643,942.35 643, 942.35 $13,228.60 $111.28 13 339.88 657,282.22 ($625,986.14) ($3,548.24) $0.00 (629,534.38) 27,747.85 TAX ACCOUNT Beginning Balance — Tax Account 40,548.02 Income Taxes Collected Current Year $3,548.24 Taxes Collected Prior Year $0.00 10% Rendition Penalty $0.00 Penalties & Interest $297.00 Collection Fee Paid $0.00 Overpayments $0.00 NSF or Reversals, Bank Charges $0.00 Other Fees & Court Costs, Etc $0.00 CCI Overpayment $0.00 Earned Interest $0.00 $3,845.24 Expenses CK# Wire Rock Prairie Management District 2 - Road Debt Service CK# 1278 Rock Prairie Management District 2 - Operating CK# 1279 B&A Municipal Tax Service, LLC - Invoice MD2-221 CK# 1280 B&A Municipal Tax Service, LLC - Invoice MD2-222 44,393.26 $19,000.00 $1,277.37 $870.80 $789.34 $21,937.51 Ending Balance —Tax Account 22,455.75 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 HOUSTON, TX 77040 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 2 1 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 4/30/2024 OUTSTANDING TAXES - YEAR TO DATE TAX YEAR 2023 2022 2021 2020 2019 2018 2017 BALANCE FORWARD 10/01/23 $640,404.39 $363,943.33 $216,956.04 $117,666.69 $73,299.93 $49,461.25 $19,962.78 CAD SUPPLEMENTS & CORRECTIONS $3,537.96 ($107.80) $0.00 $0.00 $0.00 $0.00 $0.00 EXEMPTIONS & TAX RATES TAX YEAR 2023 2022 2021 2020 2019 2018 2017 HOMESTEAD EXEMPTION 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% DISTRICT VALUES TAX YEAR 2023 2022 2021 2020 2019 2018 2017 LAND & IMPROVEMENTS 131,912,541 74,214,045 43,412,055 22,941,412 14,898,546 9,881,920 4,069,643 OVER 65 / DISABLED 0 0 0 0 0 0 0 AG NET 8,296 8,296 8,675 7,123 14,370 28,690 27,010 UNCOLLECTIBLE $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 M & 0 RATE 0.18000 0.12000 0.17000 0.50000 0.50000 0.50000 0.50000 PERSONAL PROPERTY 140,373 120,621 608,274 617,829 909,670 309,850 0 COLLECTIONS $617,669.62 $362,360.42 $216,956.04 $117,666.69 $73,299.93 $49,461.25 $19,962.78 DEBT SERVICE RATE 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 EXEMPTIONS 3,272,725 1,575,865 637,793 33,002 1,162,600 328,210 104,096 OUTSTANDING TAXES $26,272.73 $1,475.12 $0.00 $0.00 $0.00 $0.00 $0.00 $27,747.85 ROAD BOND DEBT RATE 0.32000 0.38000 0.33000 0.00000 0.00000 0.00000 0.00000 COLLECTIONS PERCENTAGE 95.92% 99.59% 100.00% 100.00% 100.00% 100.00% 100.00% TOTAL RATE 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 TOTAL VALUE SR KR 128,788,485 34 34 72,767,097 57 57 43,391,211 85 85 23,533,362 94 94 14,659,986 107 107 9,892,250 108 108 3,992,557 105 105 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 HOUSTON, TX 77040 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 3 i MUNICIPAL TAX SERVICE,LLC BEGINNING BALANCE ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 4/30/2024 INCOME 10% Rendition Penalty CAD Refund Excess Allotment Collection Fee Earned Interest Overpayments Penalty & Interest Rollback Tax Collected Taxes Collected Total Income PROFIT & LOSS CURRENT MONTH 4/01/24 -4/30/24 49,442.71 0.00 0.00 0.00 0.00 0.00 297.00 0.00 3,548.24 3,845.24 FISCAL YEAR 6/01/23 - 4/30/24 46,650.66 0.00 467.00 1,616.50 0.00 12,708.16 3,593.12 0.00 632,262.41 650,647.19 EXPENSES Audit/Records 0.00 175.00 Bank Charges 0.00 0.00 Bond Premium 0.00 50.00 CAD Fees 0.00 6.047,50 Certificate of Value 0.00 175.00 Copies 47.20 788.00 Correction Roll Refunds 110.34 2,728.03 Correction Roll Rendition Refunds 0.00 0.00 Continuing Disclosure 0.00 0.00 Court Affidavits 0.00 0.00 Delinquent Tax Attorney Assistance 16.00 166.00 Delinquent Tax Attorney Fee 0.00 1,475.63 Estimate of Value 0.00 900.00 Financial Advisor Assistance 0.00 0.00 Unclaimed Property Report 0.00 0.00 Legal Notices 0.00 344.95 Mailing & Handling 4.92 248.34 Meeting Travel & Mileage 531.56 2,934.32 NSF, Reversals, Stop Pay 0.00 0.00 Overpayment Refund 0.00 12,703.91 Public Hearing 0.00 650.00 Records Retention 1.63 33.36 Research 0.00 0.00 Roll Update & Processing 0.00 750.00 Senate Bill 2 to CAD (5 Yr History) 0.00 0.00 Supplies 0.00 119.05 Tax Assessor Collector Fee - AB 870.80 9,257.50 Transfer to Rollback Collected 0.00 0.00 Transfer to Maintenance & Operating 7,312.24 225,358.00 Transfer to Road Debt Service 0.00 388,000.00 8,894.69 652,904.59 ENDING BALANCE 44.393.26 44,393.26 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 HOUSTON, TX 77040 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 4 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 4/30/2024 1 October November December January February March April May June July August September 20231 $3,548.24 2023 $8,387.10 $37,614.24 $51,270.06 $491,405.97 $7,256.46 $20,422.12 $3,548.24 YEAR TO YEARCOMPARISON 2022 % VARIANCE 1 1.29% $19,553.67 5.34% -4.05% 7.11 % ' $25,643.23 12.33% -5.22% 15.03% $50,710.36 26.17% -11.14% 91.00% $221,635.93 86.66% 4.34% 92.20% $10,057.86 90.07% . 2.13% 95.37% $5,972.86 91.71% 3.66% 95.92% $10,976.90 94.73% 1.19% r 1 $5,944.85 96.36% $3,564.60_ 97.34% $863.97 97.42% $5,043.07 98.80% $2,281.84 99.43% MONTHLY COLLECTIONS 20221 2021 1 $0.00 $0.00 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 HOUSTON, TX 77040 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 5 \ t. MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MGT DIST NO. 2 FOR THE PERIOD ENDING 04/24/2024 PLEDGED SECURITIES REPORT SECURITES PLEDGED AT 105% OVER FDIC INSURED $250,000 COLLATERAL SECURITY AGREEMENT ON FILE : YES TAX BANK ACCOUNT HELD AT: WELLS FARGO / BANK OF NEW YORK MELLON COLLATERAL SECURITY REQUIRED: TYPE OF PLEDGED INVESTMENT: IN COMPLIANCE W/ DISTRICT INVESTMENT POLICY: YES B A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY SUITE 620 HOUSTON, TX 77040 MAIN 713-900-2680 FAX 713-900-2685 PS STATE OF TEXAS § COUNTY OF BRAZOS § Avik Bonnerjee, being duly sworn, says that he is the Tax Assessor -Collector for the above named District and the foregoing contains a true and correct report accounting for all taxes collected for said District during the month therein stated. Avik Bonnerjee, RTA SWORN TO AND SUBSCRIBED BEFORE ME, this 1st day of May 2024.. I+ :',:Fk REBECCA BREWER My Notary ID # 1258819 Expires March 1, 2028 10Q_ 0Q64 1511-"m- Rebecca Brewer Notary Public, State of Texas Notary ID #1258819 My Commission Expires March 1, 2028 .i :` *. br.Y::; f! _ r to ., TRANSFER OF FUNDS FROM: WELLS FARGO: ROCK PRAIRIE MANAGEMENT DISTRICT 2 - TAX ACCOUNT $19,000.00 TRANSFER FUNDS TO: ROCK PRAIRIE MANAGEMENT DISTRICT 1 - ROAD DEBT SERVICE CHECK # Wire Transfer DATE: May , 2024 MUNICIPAL TAX SERVICE,LLC TAX YEAR M & O RATE 2023 0.180000 2022 0.120000 2021 0.170000 2020 0.500000 2019 0_500000 2018 _ 0_500000� 2017 _ 0.500000 ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 4/30/2024 PERCENTAGE 36.00% 24.00% 34.00% 100% 100% 100% 100% MAINTENANCE & OPERATING COLLECTIONS $3,548.24 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 DATE: 05/01/24 PAID CHECK # is q 8 PENALTIES & INTEREST $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 1 $0.00 I LESS CORRECTION ROLLS LESS REVERSALS $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00_ $0.00 $0.00 $0.00 $0.00 0.00 LESS TRANSFER $1,277.37 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.-- $0.00 $1,277.3r B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 505 HOUSTON, TX 77040 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 1 MUNICIPAL TAX SERVICE, LLC Bill To Rock Prairie Management District No. 2 B&A Municipal Tax Service LLC 13333 Northwest Freeway Suite 620 Houston TX 77040 Invoice Date Invoice # 5/1/2024 MD2-221 Description Unit Count Rate Amount Avik Bonnerjee, RTA - Tax Assessor Collector Fee May 824.90 824.90 2024 2023 Additional Unit Count Invoiced 2024 51 0.90 45.90 Thank you for your business. Total $870.80 13333 Northwest Freeway, Suite 620 a Houston, TX 77040 w PH:713-900-2680 0 www.bamunitax.com MUNICIPAL TAX SERVICE, LLC Bill To Rock Prairie Management District No. 2 B&A Municipal Tax Service LLC 13333 Northwest Freeway Suite 620 Houston TX 77040 Invoice Date Invoice # 5/1/2024 MD2-222 Description Unit Count Rate Amount Copies Postage, Mailing, and Handling (5) Statement Mailing & Handling (B&A/DMR January -March 2024 1st Qtr 3308 Notices) Roll Update & Processing (January -March 2024 Rolls) Records Retention Preparation of Delq. Atty. Electronic Files Continuing Disclosures Thank you for your business. 484 3 0.20 4.30 21.61 75.00 1.63 15.00 425.00 96.80 4.30 21.61 225.00 1.63 15.00 425.00 ITotal $789.34 Pei 6.o (-a+ e,l.1 PISD 13333 Northwest Freeway, Suite 620 • Houston, TX 77040 u PH:713-900-2680 ■ www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Delinquent Tax Roll As of 4/30/2024 Page 1 4/28/2024 1:19 PM Account No/Name/Address 00090100040063 GEVA URI 2809 BROTHERS BLVD COLLEGE STATION, TX 77845-5712 Year Stmt Date De1g Date Code 2023 10/17/2023 2/1/2024 00090100040294 LEE LOGAN 1851 HARRIS DR COLLEGE STATION, TX 77845-7815 Year Stmt Date DeI9q Date Code 2023 10/17/2023 2/1/2024 41380010240030 PRIHODAABBEY NICOLE 1005 TOLEDO BEND DR COLLEGE STATION, TX 77845-7833 Year Stmt Date ❑e�)� .. Date 2023 10/17/2023 2/1/2024 2022 10/3/2022 2/1/2023 Totals 41380010240090 HANDLEY ERIC & YIN-CHIEH LI 1017 TOLEDO BEND DR COLLEGE STATION, TX 77845-7833 Cad No/Property Descr 000000402114 Acreage' 0.115000 A000901, THOMAS CARRUTHERS (ICL), TRACT 4.63, 0.115 ACRES Taxes Penalties Payments 12.50 0.00 0.00 Over 65 Veteran Installment Code No No N Due Apr. 2024 Due Mav, 2024 Due Jun, 2024 Del. P&I Due Del. P&I Due Del. P&I Due 1.38 13.88 1.62 14.12 1.88 14.38 000000440539 Acreage: 0 117800 Over65 A000901, THOMAS CARRUTHERS (ICL), TRACT 4 294, Veteran 0 1178 ACRES Installment Code ROCK PRAIRIE RD Taxes Penalties Payments 12.50 0.00 0.00 No No N Due Apr, 2024 Due Mav, 2024 Due Jun. 2024 Del. P&I Due Del. P&1 Due Del. P&I Due 1.38 13.88 1.62 14.12 1.88 14.38 000000426355 Acreage: 0.101000 Over 65 MIDTOWN RESERVE PH 102, BLOCK 4, LOT 3, ACRES - Veteran Installment Code TOLEDO BEND DR Code Taxes 1,680.54 1,475.12 3,155.66 Year Stmt Date Delg Date Code 2023 10/17/2023 2/1/2024 41380010310140 WESTHOFF WILLIAM JEFFREY 2820 S ADAMS ST FORTH WORTH, TX 76110 Year Stmt Date Dejq Date 2023 10/17/2023 2/1/2024 41380010450060 NGUYEN JOSEPHINE N & STEVEN N 13907 WHITE OAK GLEN CT CYPRESS, TX 77429 1,448.66 0.00 Penalties 0.00 0.00 0.00 Payments 0.00 0.00 0.00 Due Apr, 2024 Del. P&I Due 184.86 1,865.40 772.96 2,248.08 957.82 4,113.48 No No N Due May, 2024 Due Jun, 2024 Del. P&I Due Del. P&I Due 218.47 1,899.01 252.08 1,932.62 790.65 2,265.78 808.36 2,283.48 1,009.13 4,164.79 1,060.44 4,216.10 000000426361 Acreage: 0.101000 Over 65 MIDTOWN RESERVE PH 102, BLOCK 4, LOT 9, ACRES • Veteran Installment Code TOLEDO BEND DR Taxes Penalties Payments 0.00 No No N Due Apr, 2024 Due May, 2024 Due Jun, 2024 Del. P&I Due Del. P&I Due Del. P&I Due 159.35 1,608.01 188.33 1,635.99 217.30 1,665.96 000000433625 MIDTOWN RESERVE PH 103, BLOCK 1, LOT 14 MCQUEENY DR Over 65 Veteran Installment Code Due Apr, 2024 Code Taxes Penalties Payments Del. P&I Due 1,471.68 0.00 0,00 161.88 1,633.56 Year Stmt Date Deiq Date Code 2023 10/17/2023 2/1/2024 41380010460250 BARTA RANCHES LLC 803 DOUBLE MOUNTAIN RD COLLEGE STATION, TX 77845-2721 Year Stmt Date Delg Date Code 2023 10/17/2023 2/1/2024 1,530.16 0.00 000000434035 MIDTOWN RESERVE PH 104, BLOCK 5, LOT 6 MINERAL WELLS LN No No N Due May. 2024 Due Jun. 2024 Del. P&I Due Del. P&I Due. 191.32 1,663.00 220.75 1,692.43 Over 65 Veteran Installment Code Due Apr, 2024 Taxes Penalties Payments Del. P&I Due 1,357.08 0.00 0.00 149.28 1,506.36 000000434055 MIDTOWN RESERVE PH 104, BLOCK 6, LOT 25 DOUBLE MOUNTAIN RD No No N Due May, 2024 Due Jun, 2024 Del. P&I • Due Del. P&1 Due 176.42 1,533.50 203.56 1,560.64 Over 65 Veteran Installment Code No No N Due Apr, 2024 Due May. 2024 Due Jun, 2024 Taxes Penalties Payments Del. P&I Due Del. P&1 Due Del. P&1 Due 0.00 168.32 1,698.48 198.92 1,729.08 229.52 1,759.68 Report Prepared by B&A Municipal Tax www.bamunitax com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Page 2 Delinquent Tax Roll 4/28/2024 As of 4/30/2024 1:19 PM Account No/Name/Address Cad No/Property Descr. 41380610460310 000000434061 Over 65 No HOMESTAY PROPERTIES II LLC MIDTOWN RESERVE PH 104, BLOCK 6, LOT 31 Veteran No 15055 FAIRFIELD MEADOWS DR Installment Code N CYPRESS, TX 77433-5394 Year Stmt Date Delp Date Code 2023 10/17/2023 2/1/2024 DOUBLE MOUNTAIN RD Due Apr, 2024 Due Mav, 2024 Due Jun. 2024 Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 1,493.93 0.00 0.00 164.33 1,658.26 194.21 1,688.14 224.09 1,718.02 41380010540490 000000435200 Over65 No LAMPE MIREDU ANDREANA RODRIGUEZ & VICENTE J MIDTOWN RESERVE PH 105, BLOCK 4, LOT 49 Veteran No 1115 TOLEDO BEND DR Installment Code N COLLEGE STATION, TX 77845 TOLEDO BEND DR Due Apr. 2024 Due May. 2024 Due Jun. 2024 Year Stmt Date DeIg Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 10/17/2023 2/1/2024 1,373.86 0.00 0.00 151.12 1,524.98 178.60 1,552.46 206.08 1,579.94 41380010550150 KRUEGER BRUCE GALE 831 MINERAL WELLS LN COLLEGE STATION, TX 77845-2167 000000435205 MIDTOWN RESERVE PH 105, BLOCK 5, LOT 15 MINERAL WELLS LN Over 65 No Veteran No Installment Code N Due Apr, 2024 Due Mav, 2024 Due Jun, 2024 Year Stmt Date De! Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 10/17/2023 2/1/2024 1,558.35 0.00 0.00 171.42 1,729.77 202.59 1.760.94 233.75 1,792.10 41380010550210 PINTO JOHN & LAURA H 843 MINERAL WELLS LN COLLEGE STATION, TX 77845-2167 000000435211 MIDTOWN RESERVE PH 105, BLOCK 5, LOT 21 MINERAL WELLS LN Over65 No Veteran No Installment Code N Due Apr. 2024 Due May, 2024 Due Jun, 2024 Year Stmt Date Delq Date Code Taxes Penalties Pavments Del. P&I Due Del. P&I Due Del. P&I Due 2023 10/17/2023 2/1/2024 1,612.58 0.00 0.00 177.38 1.789.96 209.64 1,822.22 241.89 1,854.47 41380010560400 PARLOW DUSTY DALTON 835 DOUBLE MOUNTAIN RD COLLEGE STATION, TX 77845-2721 000000435229 MIDTOWN RESERVE PH 105, BLOCK 6, LOT 40 DOUBLE MOUNTAIN RD Over 65 No Veteran No Installment Code N Due Apr, 2024 Due May. 2024 Due Jun, 2024 Year Stmt Date DeIg Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 3/22/2024 2/1/2024 773.02 0.00 0.00 85.03 858.05 100.49 873.51 115.95 888.97 41380010580290 WU JOSHUA & ALANA ZHANG 919 KICKAPOO LN COLLEGE STA, TX 77845-2165 000000435240 MIDTOWN RESERVE PH 105, BLOCK 8, LOT 29 KICKAPOO LN Over65 No Veteran No Installment Code N Due Apr, 2024 Due May. 2024 Due Jun, 2024 Year Stmt Date Delq Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 11/10/2023 2/1/2024 935.88 0.00 0.00 102.95 1.038.83 121.66 1,057.54 140.38 1,076.26 41380010590030 CHRISTIE SEAN & PERLA 928 KICKAPOO LN COLLEGE STATION, TX 77845-2166 000000435258 MIDTOWN RESERVE PH 105, BLOCK 9, LOT 3 KICKAPOO LN Over65 No Veteran No Installment Code N Due Apr, 2024 Due May. 2024 Due Jun, 2024 Year Stmt Date De4 Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 1/23/2024 2/1/2024 175.52 0.00 0.00 19.31 194.83 22.82 198.34 26.33 201.85 Report Prepared by B&A Municipal Tax www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Page 3 Delinquent Tax Roll 4/28/2024 As of 4/30/2024 1:19 PM Account No/Name/Address 41380010590050 BROWN JARVIS 924 KICKAPOO LN COLLEGE STATION, TX 77845-2166 Cad No/Property Descr. 000000436256 MIDTOWN RESERVE PH 105, BLOCK 9, LOT 5 KICKAPOO LN Over65 No Veteran No Installment Code N Due Aar. 2024 Due May. 2024 Due Jun, 2024 Year Stmt Date DeE9q Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 2/22/2024 2/1/2024 289.20 0.00 0.00 31.81 321.01 37.60 326.80 43.38 332.58 41380010670120 CONTINENTAL HOMES OF TEXAS LP 3515 SW H K DODGEN LOOP TEMPLE, TX 76502-1021 000000444298 MIDTOWN RESERVE PH 106, BLOCK 7, LOT 12 LADY BIRD LN Over 65 No Veteran No Installment Code N Due Apr, 2024 Due May. 2024 Due Jun, 2024 Year Stmt Date Delg Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 2023 10/17/2023 2/1/2024 219.67 0.00 0.00 24.16 243.83 28.56 248.23 32.95 252.62 41380010680180 CONTINENTAL HOMES OF TEXAS LP 3515 SW H K DODGEN LOOP TEMPLE, TX 76502-1021 Year Stmt Date Deli�]] Date Code 2023 10/17/2023 2/1/2024 000000444322 MIDTOWN RESERVE PH 106, BLOCK 8, LOT 18 LADY BIRD LN Over65 No Veteran No Installment Code N Due Apr. 2024 Due May, 2024 Due Jun, 2024 Taxes Penalties Payments Def. P&I Due Del. P&I Due Del. P&I Due, 219.67 0.00 0.00 24.16 243.83 28.56 248.23 32.95 252.62 41380020170170 000000427453 JONES WILFERD LEE II & JASMEEN LIVING TRUST MIDTOWN RESERVE PH 200, BLOCK 17, LOT 17 JASMEEN & WILFERD LEE JONES II CO -TRUSTEES 1110 AMISTAD LOOP COLLEGE STATION, TX 77845-2706 Year Stint Date Deli? Date Code 2023 10/17/2023 2/1/2024 41380021200010 AYALA CARLOS 761 DOUBLE MOUNTAIN RD COLLEGE STATION, TX 77845 AMISTAD LOOP Over 65 No Veteran No Installment Code N Due Apr. 2024 Due May, 2024 Due Jun, 2024 Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 1,404.28 0.00 0.00 154.47 1,558.75 182.56 1,586.84 210.64 1,614.92 000000434070 MIDTOWN RESERVE PH 201, BLOCK 20, LOT 1 DOUBLE MOUNTAIN RD Over 65 No Veteran No Installment Code N Due Apr, 2024 Due May. 2024 Due Jun. 2024 Year Stint Date Delp Date Code Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. PM Due 2023 10/17/2023 2/1/2024 908.32 0.00 0.00 99.92 1,008.24 118.08 1,026.40 136.25 1,044.57 41380021200060 PHAM LONG ET AL 771 DOUBLE MOUNTAIN RD COLLEGE STATION, TX 77845 Year Stmt Date Deaq Date Code 2023 10/17/2023 2/1/2024 41380021210010 MUNRO JAMES & AMBER 700 GRANGER LN COLLEGE STATION, TX 77845-2170 Year Stmt Date Delp Date Code 2023 10/17/2023 2/1/2024 000000434075 MIDTOWN RESERVE PH 201, BLOCK 20, LOT 6 DOUBLE MOUNTAIN RD Over 65 No Veteran No Installment Code N Due Apr, 2024 Due May, 2024 Due Jun, 2024 Taxes Penalties Payments Del. P&! Due Del. P&1 Due Del. P&1 Due 827.50 0.00 0.00 91.02 918.52 107.58 935.08 124.12 951.62 000000434078 MIDTOWN RESERVE PH 201, BLOCK 21, LOT 1 GRANGER LN Over65 No Veteran No Installment Code N Due Apr, 2024 Due May. 2024 Due Jun. 2024 'Faxes Penalties Payments Del. P&I Due Del, P&I Due Del. P&I Due 940.54 0.00 0.00 103.46 1,044.00 122.27 1,062.81 141.08 1,081.62 Report Prepared by B&A Municipal Tax www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Delinquent Tax Roll As of 4/30/2024 Page 4 4/28/2024 1:19 PM Account No/Name/Address 41380021230010 RIVERA SHEILA M 3700 COOPER CT COLLEGE STATION, TX 77845-5106 Year Stmt Date Delpp Date Code 2023 10/17/2023 2/1/2024 41380021240050 BERTELSEN AMY L 5108 MIRAMONT CIR BRYAN, TX 77802-1790 Year Stmt Date Detqq Date Code 2023 10/17/2023 2/1/2024 41380021240060 BERTELSEN AMY L 5108 MIRAMONT CIR BRYAN, TX 77802-1790 Year Stmt Date Delq Date Code 2023 10/17/2023 2/ 1 /2024 89202300000089 BRANBO SERVICES LLC % PROPERTY TAX DEPT 1212 AMISTAD LOOP COLLEGE STATION, TX 77845-2722 Year Stmt Date Delq Date Code 2023 10/17/2023 2/1/2024 1,501.02 0,00 1,546.28 0.00 Cad No/Property Descr. 000000434086 MIDTOWN RESERVE PH 201, BLOCK 23, LOT 1 AMISTAD LOOP Taxes Penalties Payments 0.00 Over 65 Veteran Installment Code No No N Due Apr. 2024 Due May. 2024 Due Jun, 2024 Del. P&I Due Del. P&I Due Del. P&I Due 170.09 1,716.37 201.02 1.747 30 231.94 1,778.22 000000434126 MIDTOWN RESERVE PH 201, BLOCK 24, LOT 5 GRANGER LN Taxes Penalties Payments 0.00 Over 65 Veteran Installment Code Due Apr, 2024 Del. P&I Due 165.11 1,666.13 000000434127 MIDTOWN RESERVE PH 201, BLOCK 24, LOT 6 GRANGER LN Taxes Penalties 1,359.82 0.00 No No N Due May, 2024 Due Jun, 2024 Del. P&I Due Del. P&I Due 195.13 1,696.15 225.15 1,726.17 Over 65 Veteran Installment Code No No N Due Apr, 2024 Due May. 2024 Due Jun, 2024 Payments Del. P&I Due Del. P&I Due Del. P&I Due. 0.00 149.58 1,509.40 176.78 1,536.60 203.97 1,563.79 000000448432 BUSINESS PERSONAL PROPERTY: VEHICLE AMISTAD LOOP Over 65 Veteran Installment Code Due Apr, 2024 Taxes Penalties Payments Del. P&1 Due 178.74 17.87 0.00 65.28 261.89 No No N Due May. 2024 Due Jun, 2024 Del. P&1 Due Del. P&I Due 69.99 266.60 74.71 271.32 Report Prepared by B&A Municipal Tax www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Delinquent Tax Roll As of 4/30/2024 Page 5 4/28/2024 1:19 PM Account No/Name/Address Jurisdiction Totals (excludes Year Tax Levy 2017 19,962.78 2018 49,461.25 2019 73,299.93 2020 117,666.69 2021 216,956.04 2022 366,417.38 2023 643,942.35 Rollback Accounts) Base Taxes Due 0.00 0.00 0.00 0.00 0.00 1,475.12 26 272.73 27,747.85 Cad No/Property Descr. Penalties Due Del. P&I Due Atty Fee Due Escrow Amt Total Due Count % Collected 0.00 0.00 0.00 0.00 0.00 0 100.00% 0.00 0.00 0.00 0.00 0.00 0 100.00% 0.00 0.00 0.00 0.00 0.00 0 100.00% 0.00 0.00 0.00 0.00 0.00 0 100.00% 0.00 0.00 0.00 0.00 0.00 0 100.00% 0.00 398.28 374.68 0.00 2,248.08 1 99.60% 17.87 2,733.40 43.65 0.00 29 067.65 27 95.92% 17.87 3,131.68 418.33 0.00 31,315.73 28 Report Prepared by B&A Municipal Tax www.bamunitax corn J EXHIBIT "D" IP- • - .- II- - i ■ • '~ s • —•- .- - • • _ -61;41-44TAIMI -- _ ■ r M ! - - • - . ■ s • - - a_ ■ ■ 1 - - -■ - - - ■M 1J ■ Y ' , - • - , ' • • t~ �, -1 ■ # - ■ — - • = w ■ ■• • - - s • A - - ■ar i • ■ La- rt- `1 • _ ■- • t DRAFT 05/08/24 Rock Prairie Management District No. 2 Independent Accountant's Report on Applying Agreed -upon Procedures on Amounts Reimbursable to Developer May 9, 2024 DRAFT 05/08/24 Independent Accountant's Report on Applying Agreed -upon Procedures Board of Directors Rock Prairie Management District No. 2 Brazos County, Texas We have performed the procedures enumerated below, with respect to the statements submitted by College Station Downtown Residential, LLC (the developer) for costs paid or incurred on behalf of Rock Prairie Management District No. 2 (the District). The District is responsible for amounts reimbursable to the developer. The District has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting in verifying the amounts reimbursable from the proceeds of the District's $1,600,000 Unlimited Tax Road Bonds, Series 2024. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of this report and may not meet the needs of all users of this report, and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Our procedures were as follows: A. We vouched copies of checks, invoices and other relevant documents supporting amounts requested for reimbursement by the developer. B. We recalculated interest due to be paid to the developer in accordance with Rule 30 TAC, Section 293.50, of the Texas Commission on Environmental Quality (the Commission). Interest was calculated from the dates of payment through five years after payment on construction contracts and related costs or May 16, 2024, for items reimbursed from bond proceeds. C. The net effective rate used in computing interest on amounts paid from this bond issue was obtained from the Official Statement dated April 11, 2024. D. The Cost Summary was read to determine that funds had been provided in the bond issue for the amounts requested. E. Estimates of costs remaining to be incurred were obtained through discussion with the District's other consultants. The results of our procedures are presented in the accompanying schedules. Schedules A through A-1 detail amounts reimbursable to the developer from bond proceeds. Schedule B presents a comparison of actual costs with costs as approved by the District. DRAFT 05/08/24 Board of Directors Rock Prairie Management District No. 2 Page 2 We were engaged by the District to perform this agreed -upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, as required by Rule 30 TAC, Section 293.70, of the Commission "Audit of Payments to Developers." We were not engaged to, and did not, conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the statements submitted by the developer for costs paid or incurred on behalf of the District. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed -upon procedures engagement. This report is intended solely for the information and use of the specified parties listed and is not intended to be, and should not be, used by anyone other than these specified parties. Houston, Texas May 9, 2024 Rock Prairie Management District No. 2 Recapitulation of Amounts Reimbursable to Developer Schedule A May 9, 2024 Payee Greens Prairie Investors, Ltd. Greens Prairie Investors, Ltd. Schultz Engineering, LLC Ten -aeon Consultants, Inc. Total reimbursable amounts Total amounts reimbursable to developer College Station Downtown Residential, LLC Amounts Reimbursable Interest $ 239,000.00 $ 40,703.88 830,893.08 132,959.80 43,250.00 8,155.86 14,340.00 2,340.55 $ 1,127,483.08 $ 184,160.09 $ 1,311,643.17 DRAFT 05/08/24 Rock Prairie Management District No. 2 Recapitulation of Amounts Reimbursable to Developer Schedule A-1 College Station Downtown Residential, LLC May 9, 2024 Complete Date Complete DRAFT 05/08/24 Amounts Reimbursable Greens Prairie Investors, Ltd. Construction of water, sewer and drainage facilities and paving to serve Midtown 100% Reserve Subdivision, Phase 201 08/19 $ 1,198,097.00 Less utility items (588,517.00) 609,580.00 Less amount previously reimbursed (370,580.00) $ 239,000.00 Interest accrued at 4.418111% 40,703.88 Greens Prairie Investors, Ltd. Construction of water, sewer and drainage facilities and paving to serve Midtown Reserve Subdivision, Phase 105 Less utility items Less developer items Less amount to be funded in the future Interest accrued at 4.418111% Schultz Engineering, LLC District's share of engineering fees related to: Midtown Reserve Subdivision, Phase 105 Interest accrued at 4.418111% 100% 09/20 1,961,787.50 (772,572.48) (320,080.00) 869,135.02 (38,241.94) 830,893.08 132,959.80 43,250.00 8,155.86 Terracon Consultants, Inc. District's share of materials testing fees related to: Midtown Reserve Subdivision, Phase 105 14,340.00 Interest accrued at 4.418111% 2,340.55 Total amounts reimbursable to developer $ 1,311,643.17 1 Rock Prairie Management District No. 2 Comparison of Actual Costs With Cost Summary as Approved by the District Schedule B May 9, 2024 Amounts Amounts Paid Reimbursable Previously to Developer by District Construction Costs Developer contribution items: Midtown Reserve, Phase 201 $ 239,000 $ Midtown Reserve, Phase 105 830,893 Engineering and geotechnical 57.590 Total construction costs 1,127,483 Nonconstruction Costs Legal fees Financial Advisor fees Capitalized interest Developer interest Bond discount Bond issuance costs Attorney General fee Total nonconstruction costs Total bond issue 184,160 184,160 $ 1,311,643 $ DRAFT 05/08/24 DRAFT 05/08/24 Total Actual Cost Variance - Amounts Projected and Summary Actual Paid Amounts Estimated Total Over (Under) $ 239,000 $ $ 239,000 $ 239,000 $ 830,893 830,893 830,893 57,590 57,590 57,590 1,127,483 - 1,127,483 1,127,483 50,000 50,000 50,000 32,000 32,000 32,000 71,925 71,925 80,000 (8,075) 184,160 - 184,160 210,577 (26,417) 47,681 47,681 48,000 (319) 50,340 50,340 50,340 - 1,600 1,600 1,600 184,160 253,546 437,706 472,517 (34,811) $ 1,311,643 $ 253,546 $ 1,565,189 $ 1,600,000 $ (34,811) EXHIBIT "E" ■ # • ■ _ - - — - ■ i _ — F - - aN ��Ja� w — -■-'- • �`�l -- -- - >� - _ - i_-- - - - _ — -'.iN _■ — - ■ - . -■ _ * . i - ■ -• 4 —__ 1_ •� _ _- �•_� :.:___ _ _� �- - - 2._ - r � I 1 l i 1 T L. - �_L. - -- — - 1 - --�- - -- i II ' M T = :-=k - IIj H Er 1- I 11 * _ ■_ _ — i— - — - - a --" a� �� : ■- a sa y — ` �� ■ ■ • • I - ■- A I a -1 ■ - it ' _~ = a - �� _� - - - r H - a f 1 - I ▪ I ' ■ -1- - - I 7 mi z a — a- ■ - 1 ■ - a t • I I - a 9I •-- - - ■ —■■ - • r • - _ _ -: - ■ i S _I- ■ m•=_ Ai — - - a a a _ um • —. - 1- . OR En- - I - I EHRA ENGINEERING THE FUTURE SINCE 1936 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 ENGINEERING REPORT MAY 2024 Engineering Report, including: TBPE No. F-726 TBPLS No. 10092300 a. Authorize the design and/or advertisement of bids for construction of facilities within the District and approval of related storm water plans, including: 1. Status of design of Preliminary Plan for Midtown City Center, Phase 406A & 406B The Design Engineer is the design phase for construction documents. Board Action: None b. Authorize the award of or concurrence in award of contracts for the construction of facilities within the District, authorizing acceptance of Texas Ethics Commissions ("TEC") Form 1295, and approval of any storm water permits. c. Status of construction of facilities to serve land within the District, including the approval of any pay estimates and change orders and authorize acceptance of TEC Form 1295, including: 1. Midtown Subdivision, Phase 110 by Greens Prairie Investors, Ltd Pay Request No. Two was received and processed in the amount of $408,957.30. Board Action: Approve the Pay Request 2. Midtown Subdivision, Phase 111 by Greens Prairie Investors, LLC. Pay Request No. Three was received and processed for $12,802.50. Board Action: Approve the Pay Request EHRA Engineering 1 10011 Meadowglen Lane 1 Houston, Texas 77042 1 t 713.784.45001 f 713.784.4577 REALIZING VISIONS • DESIGNING COMMUNITIES • ENGINEERING THE FUTURE www.EHRAinc.com Rock Prairie Management District No. 2 May 2024 Page 2 d. Acceptance of site and/or easement conveyances for facilities constructed or to be constructed for the District, and acceptance of facilities for operation and maintenance purposes: 1.Conveyance and Bill of Sale of Utility Facilities from College Station Downtown Residential, LLC, relative to Midtown City Center, Phase 4O4A; All inspections are completed by the City of College Station. The property will be replatted in late May 2024 or early June 2024 to return to 22 lots. e. Status of acceptance by the City of College Station, Texas for maintenance of streets. EHRA EHRA Engineering 110011 Meadowglen Lane I Houston, Texas 77042 I t 713.784.4500 I f 713.784.4577 ENGINEERING THE FUTURE SINCE 1936 EXHIBIT "F" ll, ti 1 r • ■ a — ■- »� —.—• —tom.- r m. - _ - -■^as 1 = - - la-- a� I 1 ■ ■ _ _ -u_No __ - -- �- -� isles a—} a -- }a_- -a- a. s - • s - is�i • - 1 - 1 a 1 I • 1 1 EHRA ENGINECRING THR%FUTURE SIN( L 936 May 8, 2024 Rock Prairie Management District No. 2 Schwartz, Page & Harding, L.L.P. 1300 Post Oak Boulevard, Suite 2400 Houston, Texas 77056 RE: Rock Prairie Management District No. 2 Annexation Feasibility Report EHRA Project No. 151-068-00 Dear Directors: B4I'd 1HR1` This letter report is a feasibility assessment of annexing 19.44-acres ("Tract") into Rock Prairie Management District No. 2 ("District"). A survey of the Tract is attached as Exhibit "A". The Tract is contiguous with the eastern boundary of the District and is bisected by a Lick Creek tributary natural area. The Lick Creek tributary natural area will be preserved and is undevelopable. Access to the Tract can be obtained from Rock Prairie Road and Midtown Reserve Subdivision Phases 109 & 110. The Tract generally slopes southwest and northeast towards the bisecting Lick Creek tributary. The topography of the Tract is similar in character to that of the District. The rezoning Concept Plan for Rural (R) to Planned Development District (PDD) is attached as Exhibit "B". The rezoning from (R) to (PDD) is anticipated to be finalized by the City of College Station in May 2024. Planned development on the Tract would be single-family detached lots or townhomes. The development -would generally be an extension of the adjacent -Midtown Reserve Subdivision Phases 109 & 110. All utilities (water, sewer, electrical, and cable) are available and can be extended to the Tract. The detention basin constructed for Phase 109 has adequate capacity for the Tract. The engineer for the Developer estimates approximately 100 lots would be created by the annexation. The existing infrastructure adjacent to the Tract is available to support development. The planned development would be an extension of the District lot size and type. The District's voted bond authorization amount is sufficient to cover any Developer reimbursement for the Tract. There is a reasonable assumption that the annexation would be feasible and in the best interest of the District. Property values, current taxation conditions, development plans, and local jurisdictional regulations can change in the future. Those unknown conditions could impact the project feasibility. 11 '''1r,' !no i iL;.;,,;II itv,s 'rlj;:' a? www.EHRA.teorr Document Ref: 9NWHA-AU99V-YPXB5-EIZJW Page 1 of 2 Rock Prairie Management District No. 2 May 8, 2024 Page 2 If there are any questions or further clarification needed, please contact me at the letterhead address. Sincerely, R 4//(.cam Robert D. Atkinson, Jr., P. E. Senior Vice President I Practice Area Leader RDA/sf Attachment: Exhibit "A" Exhibit "B" EHRA Ile itAg..1 DMA f n,e,Pwri: 1 ECO1 i Ale3drm,ipn lane f Itoustrn. 'tea, t'I14' ?' i lkd,d'.Cq • 1t i 1$4 45l•1 www.EH RA.team Page 2af2 Document Ref:914WHA-AU99V-YPXB5-EtZJW SURVEYOR'S CERTIFICATE; &AiwIA' PAW YUM, A P.{.S N0. W3-, 0011IALnr WM,1INi 1tY. SFlxif: intro Nvuif GXAPLIES aofld TIIC WW1 UV. SOCII,TT Of PAEIIFSF:GNI: SI'g1L-07.'G IAAI'I 1 OF 7AACTNI A toulominds F(W A tAIE&0.'1f $A. 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PRT.S EXHIBIT B WPM maKt MOM srrar owl*. 71riapyq 1 EXHIBIT "G" • or— IiM = IL ■ _ • 1 - W- : ' - - •• ..- - • SW t - ■ • _ ■ • L -4 • or- 11 W .%_ —▪ . ff.. —0 -g-- • • _ N _ _ * a - .- - .- - si - - ■ - - ._f - -• a - m • ~F _ - - - a- ■ — -_ -t •- - ' ■ 1 - - - - 6 ■ f • • ■ - -7- 1 -• • : — ▪ , - 1 J a SCHWARTZ PAGE & HARDING MEMORANDUM TO: Board of Directors of Rock Prairie Management District No. 2 FROM: Schwartz, Page & Harding, LLP DATE: May 9, 2024 RE: Use of Social Media by Public Officials This memorandum provides recommendations relating to use of social media by directors (as government officials) in light of two recent U.S. Supreme Court cases. In Lindke v. Freed, 144 S. Ct. 756 (2024), James Freed, the city manager of Port Huron, Michigan, had a Facebook page describing himself as "City Manager, Chief Administrative Officer for the citizens of Port Huron, MI." He regularly posted both personal and work -related information. In 2020, Mr. Freed began posting about the COVID-19 pandemic and Mr. Lindke, who was frustrated with the city's policies, commented on Mr. Freed's posts to express his displeasure. Mr. Freed initially deleted Mr. Lindke's comments before ultimately blocking Mr. Lindke. Mr. Lindke then sued Mr. Freed, claiming that Mr. Freed violated his First Amendment right to free speech.' On March 15, 2024, the Supreme Court unanimously held in Lindke v. Freed that government officials who block users or delete comments from their personal social media pages deprive those individuals of their First Amendment rights if the official (1) had actual authority to speak on behalf of the government, and (2) purported to use that authority in their social media posts. If both elements are met in a given situation, the government official can be sued. Accordingly, we recommend the following guidelines when using social media: 1. Avoid posting about official matters on your personal social media accounts; 2. Include a disclaimer (e.g., "this is the personal page of John Doe" or "the views expressed within are strictly my own"); and 3. If you feel compelled to post about official matters, do not delete comments or block others from engaging with your social media page without first consulting legal counsel. 1 A separate case involved two California school board members who blocked parents from posting critical comments on their personal social media pages. O'Connor-Ratcljv. Garnier, 144 S. Ct. 717 (2024). 1300 POST OAK BOULEVARD, SUITE 2400 • HOUSTON, TX 77056 0:713.623.4531 • F:713.623.6143 727461_1 i