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Home My WebLink About01/09/2025 - Regular Minutes - Rock Prairie Management District No. 2ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MINUTES OF PUBLIC MEETING OF BOARD OF DIRECTORS January 9, 2025 The Board of Directors (the "Board") of Rock Prairie Management District No. 2 (the "District") met in regular session, open to the public on January 9, 2025, 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 Kerbel and Glover, thus constituting a quorum. Director Glover entered the meeting following the call to order, as noted herein. Also present were Denise Oppenheimer of Municipal Accounts & Consulting, L.P. ("MAC"); Robert Atkinson and Marcus Carrington of EHRA Engineering ("EHRA"); Stacy Vasquez of the City of College Station (the "City"); Avik Bonnerjee of B&A Municipal Tax Service, LLC ("B&A"); Councilmember Mark Smith of the City of College Station (the "City"); 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 October 10, 2024. After review and discussion, Director Geva moved that the minutes for said Board meeting be approved, as written. Director Lindemulder seconded said motion, which unanimously carried. BOOKKEEPING REPORT AND QUARTERLY INVESTMENT REPORT Ms. Oppenheimer presented to and reviewed with the Board the Bookkeeper's Report dated January 9, 2025, a copy of which is attached hereto as Exhibit A, including the checks presented for payment from the District's various accounts, and the Quarterly Investment Report for the period ended November 30, 2024, a copy of which is included with Exhibit A. After discussion on the matter, it was moved by Director Lee that (i) the Bookkeeper's Report be approved, (ii) the checks identified in the Bookkeeper's Report be approved for payment, and (iii) the Quarterly Investment Report be approved and the District's Investment Officer be authorized to execute same on behalf of the Board and District. Director Lindemulder seconded said motion, which carried unanimously. Director Glover entered the meeting during the Bookkeeper's Report. AUTHORIZE PREPARATION AND SUBMISSION OF DISTRICT INFORMATION TO TEXAS COMPTROLLER OF PUBLIC ACCOUNTS FOR INCLUSION IN THE SPECIAL PURPOSE DISTRICT PUBLIC INFORMATION DATABASE Ms. Cole next informed the Board that, pursuant to Chapter 403, Government Code, and Chapter 203, Local Government Code, the District is required to submit information to the Texas Comptroller of Public Accounts (the "Comptroller") for inclusion in the Special Purpose District Public Information Database. Following discussion, Director Lindemulder moved, Director Geva seconded, and it was unanimously carried that the District's auditor, Forvis Mazars, LLP, be authorized to prepare the required information and submit same to the Comptroller for inclusion in the Special Purpose District Information Database. TAX ASSESSOR/COLLECTOR'S REPORT Mr. Bonnerjee then presented to and reviewed with the Board the Tax Assessor -Collector Reports for the months ended October 31, 2024, November 30, 2024, and December 31, 2024, prepared by B&A, including checks presented therein for payment. A copy of such reports are attached hereto as Exhibit B. Following discussion, Director Geva moved that (i) the Tax Assessor/Collector Reports be approved, and (ii) that the checks identified therein be approved for payment. Director Lindemulder seconded said motion, which unanimously carried. RESOLUTION CONCERNING EXEMPTIONS FROM TAXATION Ms. Cole outlined for the Board the various tax exemptions available for the District, including the exemptions provided for by Article VIII, Section 1-b of the Texas Constitution, and Section 11.13 of the Tax Code, as amended. She advised that under said provisions, the District may provide for the exemption of up to 20% (but not less than $5,000, if granted) of the market value of residential homestead improvements for the year 2025, and the District may also exempt residential homesteads of persons who are under a disability for purposes of payment of disability insurance benefits under the Federal Old Age, Survivors and Disability Insurance Act, or its successor, or persons sixty-five years of age or older from ad valorem taxes levied by the District during the calendar year 2025, and, if any such exemptions are granted, they must be for not less 2 762681v1 than $3,000 of the market value of such homesteads. After further discussion of the matter, Director Lindemulder moved that the District (i) not grant the general residential homestead exemption, and (ii) not grant an exemption for homesteads of persons under a disability or sixty- five years of age or older, and that the Resolution, attached hereto as Exhibit C relative to same be approved and adopted by the Board and the District. Director Glover seconded said motion, which carried unanimously. RESOLUTION AUTHORIZING AN ADDITIONAL PENALTY ON DELINQUENT PERSONAL PROPERTY TAXES The Board considered the adoption of a Resolution Authorizing an Additional Penalty on Delinquent Personal Property Taxes. Ms. Cole advised that the Board is authorized, pursuant to Section 33.11 of the Texas Tax Code, as amended, to impose, under certain conditions, an additional penalty not to exceed twenty percent (20%) of the total taxes, penalty and interest due the District on personal property taxes that become delinquent on or after February 1, 2025, and that remain delinquent for at least 60 days thereafter, as more fully described in said Resolution. After discussion, it was moved by Director Lindemulder, seconded by Director Glover and unanimously carried, that the Resolution Authorizing an Additional Penalty on Delinquent Personal Property Taxes, attached hereto as Exhibit D, be adopted by the Board, and that the District's delinquent tax attorneys be authorized to collect delinquent personal property taxes beginning April 1, 2025, including the filing of lawsuits, as necessary. APPROVAL OF RESOLUTION AUTHORIZING REQUEST FOR APPRAISAL OF PROPERTY Ms. Cole advised the Board that Masterson has requested that the Board adopt a Resolution Authorizing Request to Brazos Central Appraisal District for Appraisal of Property as of January 1, 2025, which Resolution is attached hereto as Exhibit E. After discussion, Director Glover moved that the Board adopt the Resolution Requesting Appraisal of Property to Brazos Central Appraisal District, as discussed. Director Lindemulder seconded the motion, which carried unanimously. ENGINEERING REPORT Mr. Atkinson presented to and reviewed with the Board a written Engineering Report for the month of January 2025, a copy of which is attached hereto as Exhibit F, relative to the status of various projects within the District, and discussed the matters contained therein. Following discussion, Director Lindemulder moved to approve the Engineering Report and all action items listed therein, as recommended by EHRA, including: (i) authorization, concurrence, or ratification, as applicable, for EHRA to proceed with the design and advertisement for bids for construction of facilities within the District as mat be listed therein, including the construction of Midtown Reserve Subdivision Phase 113; (ii) authorization for EHRA to award construction contracts, subject to SPH's review of the payment and performance bonds and insurance certificates submitted in connection therewith to determine if said bonds and insurance meet the requirements of the bid specifications, the Texas Insurance Code, the rules of the Texas Commission on Environmental Quality and the provisions of the Texas Water Code, as applicable, for the construction of facilities 3 762681v1 within the District as may be listed therein, including Midtown Reserve Subdivision Phase 113 to the lowest qualified bidder, Greens Prairie Investors, Ltd., in the amount of $1,360,297.29; and (iii) acceptance of any corresponding Texas Ethics Commission ("TEC") Form 1295s required in connection with said contracts and/or change orders, and authorization for SPH to acknowledge the District's receipt of same with the TEC. Director Glover seconded the motion, which unanimously carried. ACKNOWLEDGMENT OF NOTICE AND INDEMNITY Ms. Cole then advised the Board that College Station Downtown Residential, LLC ("CSDR") has executed a collateral assignment of its utility development agreement procees under its Utility Development Agreements with the District. The Board considered the approval and execution of an Acknowledgment of Notice and Indemnity among CSDR, College Station Town Center, Inc. ("CSTC"), and the District (the "Acknowledgment"). Following discussion, Director Geva moved that the Acknowledgment be approved as presented and that the President be authorized to execute same on behalf of the District. Director Glover seconded the motion, which unanimously carried. PUBLIC FINANCE AUTHORITY TEXAS INFRASTRUCTURE PROGRAM TAX-EXEMPT REVENUE ANTICIPATION CAPITAL APPRECIATION BONDS Ms. Cole next addressed the Board concerning the Wisconsin Public Finance Authority Texas Infrastructure Program Tax -Exempt Revenue Anticipation Capital Appreciation Bonds, Series 2025 (the "Series 2025 Bonds"). In that regard, she advised the Board that the Public Finance Authority (the "PFA"), which is a unit of government and a public body corporate and politic of the State of Wisconsin, will issue the Series 2025 Bonds, and that the proceeds from the bonds will be disbursed to CSTC. Ms. Cole reported that, as security, CSTC will assign all of its future receivables due from the District to the PFA. Ms. Cole then presented to and reviewed with the Board various documentation for approval by the Board in connection with the Series 2025 Bonds, including: (i) correspondence from the District addressed to the PFA consenting to the transaction in order to satisfy the State of Wisconsin statutes; (ii) an Acknowledgment and Consent to Sale and Assignment Agreement by and between CSTC, the PFA, and Computershare Trust Company, N.A. (as trustee for the PFA); and (iii) a District Certificate, which are attached hereto as Exhibit G. After discussion on the matter, Director Geva moved that: (i) all documentation presented by Ms. Cole in connection with the Series 2025 Bonds be approved, subject to final review, and that the President be authorized to execute same on behalf of the Board and the District, to be held in escrow pending the closing on the Series 2025 Bonds tentatively scheduled for February 6, 2025; and (ii) the President be authorized to execute any other documentation required to close the transaction. Director Glover seconded said motion, which unanimously carried. DEVELOPER'S REPORT The Board considered the Developer's Report. Ms. Cole presented a verbal report on the status of development within the District. 4 762681v1 COVERED APPLICATIONS AND PROHIBITED TECHNOLOGY POLICY MINUTE LANGUAGE The Board considered the adoption of an Order Establishing Policy for Covered Applications and Prohibited Technology ("Technology Policy"), attached hereto as Exhibit H. Ms. Cole advised the Board that Senate Bill 1893, as passed during the 88th Regular Session, requires that all political subdivisions of the state, including the District, adopt a policy that prohibits the installation of certain social media applications, defined as "covered applications", on electronic devices owned or leased by the District. Ms. Cole noted that the social media application TikTok and any other software owned by ByteDance Limited are considered covered applications and may not be installed or used on a District owned or leased device. Ms. Cole further advised that the proposed Technology Policy mirrors the model policy created for governmental entities created by the Texas Department of Information Resources ("DIR"), and will be updated as needed to comply with the recommendations of DIR. After discussion on the matter, Director Geva moved that the Technology Policy be adopted, and that the President and Secretary be authorized to execute the same. Director Glover seconded said motion, which unanimously carried. ATTORNEY'S REPORT The Board considered the Attorney's Report. Ms. Cole presented a disclosure from Masterson Advisors LLC required by Municipal Securities Rulemaking Board Rule G-10. A copy of such disclosure is attached hereto as Exhibit I. Ms. Cole noted that the next regular meeting of the Board will be held on Thursday, February 13, 2025, at 2:00 p.m. DISCUSSION OF RENEWAL OF DISTRICT INSURANCE COVERAGES Ms. Cole addressed the Board concerning the solicitation of proposals in connection with the renewal of the District's insurance coverages that expire on March 31, 2025. She advised the Board that the District's current insurance broker is McDonald & Wessendorff. Ms. Cole further advised the Board that other insurance companies provide such policies to water districts and then inquired as to whether the Board wished to solicit proposals for insurance from other companies for review prior to the expiration of the current policies. Following discussion, Director Geva moved that SPH be authorized to obtain a renewal proposal from the District's current insurance agent, McDonald & Wessendorff, for the Board's review and consideration at next month's Board meeting. Director Glover seconded the motion, which carried unanimously. FUTURE AGENDA ITEMS The Board next considered matters for possible placement on future agendas. There were no future agenda items to be discussed other than matters previously noted during the meeting. 5 762681v1 ADJOURNMENT There being no further business to come before the Board, on motion made by Director Geva, seconded by Director Lindemulder, and unanimously carried, the meeting was adjourned. jS1RII C T�ii,,� (SEAL) co: 1 � r �j� ��• •• }! ��6�ld .. a.• /1'//tf !! 1111111x\\\, 6 Secretary" 762681v1 LIST OF ATTACHMENTS Rock Prairie Management District No. 2 Minutes of Meeting of January 9, 2025 Exhibit A Bookkeeping Report and Quarterly Investment Report Exhibit B Tax Assessor/Collector Report Exhibit C Resolution Concerning Exemptions From Taxation Exhibit D Resolution Authorizing An Additional Penalty on Delinquent Personal Property Taxes Exhibit E Resolution Requesting Appraisal of Property Exhibit F Engineering Report Exhibit G Correspondence from the District addressed to the PFA; Acknowledgment and Consent to Sale and Assignment Agreement by and between CSTC, the PFA, and Computershare Trust Company, N.A. (as trustee for the PFA); District Certificate Exhibit H Order Establishing Policy for Covered Applications and Prohibited Technology Exhibit I Masterson Advisors LLC, MSRB Rule G-10 Disclosure 7 762681v1 Exhibit A MUNICIPAL ACCOUNTS A f' CONSULTING, L.P. Bookkeeper's Report I January 9, 2025 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 NTENTIONALLY LEFT [LANK Monthly Financial Summary - General Operating Fund Rock Prairie MD No. 2 - GOF Account Balance Summary Overall Revenues & Expenditures By Month (Year to Date) Balance as of 10/11/2024 $14,143 -- Current Year Revenues --•-- Prior Year Revenues Current Year Expenditures --•-- Prior Year Expenditures Receipts 39,127 $200K $150K ' '� Disbursements (80,933) ,.'� 1 $100K /' Balance as of 01/09/2025 ($27,662) A t $50K1\ ' r December 2024 Revenues Actual Budget $15 $0 Expenditures Actual Budget $8,499 $18,187 Over/(Under) $15 Over/(Under) ($9,688) $0K Jul Sep Nov -- ^--ram- Jan Mar May Jun Aug Oct Dec Feb Apr June 2024 - December 2024 (Year to Date) Revenues Actual Budget $18,691 $3,998 Expenditures Actual Budget $150,640 $177,417 Operating Fund Reserve Coverage Ratio (In Months) 10 8 6 4 2 0 9.0 8.8 7.0 5.8 4.9 4.4 4.7 Ib Over/(Under) $14,693 Over/(Under) ($26,777) 0.5 C.- 0.0 - Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 Aug 24 Sep 24 Oct 24 Nov 24 Dec 24 2 General Operating Fund Cash Flow Report - Checking Account Rock Prairie MD No. 2 - GOF rod Number i Balance as of 10/11/2024 Receipts Name Maintenance Tax Collections Wire Transfer - Reimb GOF -Series 2024A Transfer from Investments Maintenance Tax Collections Wire Transfer - Reimb GOF -Series 2024A Total Receipts Disbursements 2164 2170 2171 2172 2173 2174 2175 2176 2177 2178 2179 2180 2181 Svc Chg Svc Chg Svc Chg Wire Forvis Mazars Greener Images EHRA Engineering B&A Municipal Tax Service EHRA Engineering Forvis Mazars Forvis Mazars Greener Images McCall, Parkhurst & Horton, LLP Municipal Accounts & Consulting, LP Schwartz, Page & Harding, L.L.P. The Bookbindery Greener Images Central Bank Central Bank Central Bank Attorney General of Texas Total Disbursements Balance as of 01/09/2025 Memo VOID: Finance Charges Mowing & Repairs VOID: HC SB2 Compliance Engineering Fees Series 2024A Road - Bond Issuance Audit Fee - Final Mowing & Repairs Annual Disclosure Report 2024 Bookkeeping Fees Legal Fees Series 2023 Road - Bond Issuance Mowing & Repairs Service Charge Service Charge Service Charge Series 2024A Road - Issuance Costs Amount Balance $3,736.70 1,156.67 7,750.00 10,000.00 8,803.41 11,282.13 0.00 (17, 558.73) 0.00 (1,000.00) (4,547.50) (10,000.00) (1,100.00) (5,295.31) (2,650.00) (6,251.32) (19,440.98) (508.95) 0.00 (20.00) (5.00) (5.00) (2,550.00) $38,992.21 ($70,932.79) ($28,203.88) CENTRAL BANK - CHECKING - #XXXX6508 3 General ❑perating Fund Actual vs. Budget Comparison Rock Prairie MD No. 2 - GOF rod December 2024 June 2024 - December 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Revenues Property Tax Revenue 14301 Maintenance Tax Collections 0 0 0 16,862 3,998 12,864 220,228 Total Property Tax Revenue 0 0 0 16,862 3,998 12,864 220,228 Interest Revenue 14802 Interest Earned on Temp. Invest 15 0 15 1,829 0 1,829 0 Total Interest Revenue 15 0 15 1,829 0 1,829 0 Developer Advance 14901 Developer Advance 0 0 0 0 0 0 74,842 Total Developer Advance 0 0 0 0 0 0 74,842 Total Revenues 15 0 15 18,691 3,998 14,693 295,070 Expenditures Water Service 16105 Maintenance & Repairs - Water 480 2,917 (2,437) 12,123 20,417 (8,293) 35,000 Total Water Service 480 2,917 (2,437) 12,123 20,417 (8,293) 35,000 Parks & Recreation Service 16601 Streelight Maintenance & Repair 0 2,083 (2,083) 6,598 14,583 (7,986) 25,000 16603 Mowing - Parks 1,920 1,920 0 46,115 43,430 2,685 75,100 Total Parks & Recreation Service 1,920 4,003 (2,083) 52,713 58,013 (5,301) 100,100 Administrative Service 16703 Legal Fees 4,990 5,000 (11) 39,995 35,000 4,995 60,000 16705 Auditing Fees 0 0 0 15,000 15,000 0 15,000 16706 Engineering Fees 0 3,083 (3,083) 11,668 21,583 (9,916) 37,000 16712 Bookkeeping Fees 738 2,240 (1,502) 14,097 20,800 (6,703) 32,000 16713 Legal Notices & Other Publ. 0 83 (83) 0 583 (583) 1,000 16714 Printing & Office Supplies 27 167 (140) 968 1,167 (199) 2,000 16715 Filing Fees 54 29 24 374 204 170 350 16716 Delivery Expense 0 10 (10) 284 70 214 120 16717 Postage 1 8 (7) 35 58 (23) 100 16718 Insurance & Surety Bond 0 0 0 0 0 0 3,200 16722 Bank Service Charge 5 25 (20) 50 175 (125) 300 16723 Travel Expense 0 92 (92) 469 642 (172) 1,100 16728 Record Storage Fees 33 54 (21) 165 379 (214) 650 16731 Arbitrage Analysis 0 0 0 0 0 0 1,850 16737 SB 2 Expenses 250 250 0 2,000 1,750 250 2,600 Total Administrative Service 6,097 11,042 (4,945) 85,104 97,412 (12,307) 157,270 4 General Operating Fund Actual vs. Budget Comparison Rock Prairie MD No. 2 - GOF rJ December 2024 June 2024 - December 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Expenditures Other Expense 17802 Miscellaneous Expense 2 225 (223) 699 1,575 (876) 2,700 Total Other Expense 2 225 (223) 699 1,575 (876) 2,700 Total Expenditures 8,499 18,187 (9,688) 150,640 177,417 (26,777) 295,070 Total Revenues (Expenditures) Excess Revenues (Expenditures) (8,483) (18,187) 9,703 (131,949) (173,419) 41,470 (8,483) (18,187) 9,703 (131,949) (173,419) 41,470 0 0 5 General Operating Fund Actual vs. Budget Comparison Rock Prairie MD Na. 2 - GOF rid November 2024 June 2024 - November 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Revenues Property Tax Revenue 14301 Maintenance Tax Collections 8,803 0 8,803 16,862 3,998 12,864 220,228 Total Property Tax Revenue 8,803 0 8,803 16,862 3,998 12,864 220,228 Interest Revenue 14802 Interest Earned on Temp. Invest 42 0 42 1,814 0 1,814 0 Total Interest Revenue 42 0 42 1,814 0 1,814 0 Developer Advance 14901 Developer Advance 0 0 0 0 0 0 74,842 Total Developer Advance 0 0 0 0 0 0 74,842 Total Revenues 8,845 0 8,845 18,676 3,998 14,678 295,070 Expenditures Water Service 16105 Maintenance & Repairs - Water 630 2,917 (2,286) 11,643 17,500 (5,857) 35,000 Total Water Service 630 2,917 (2,286) 11,643 17,500 (5,857) 35,000 Parks & Recreation Service 16601 Streelight Maintenance & Repair 16603 Mowing - Parks Total Parks & Recreation Service 6,598 2,083 4,515 6,598 12,500 (5,902) 25,000 2,265 3,390 (1,125) 44,195 41,510 2,685 75,100 8,863 5,473 3,390 50,793 54,010 (3,217) 100,100 Administrative Service 16703 Legal Fees 3,845 5,000 (1,155) 35,005 30,000 5,005 60,000 16705 Auditing Fees 0 0 0 15,000 15,000 0 15,000 16706 Engineering Fees 0 3,083 (3,083) 11,668 18,500 (6,832) 37,000 16712 Bookkeeping Fees 2,021 2,240 (219) 13,360 18,560 (5,200) 32,000 16713 Legal Notices & Other Publ. 0 83 (83) 0 500 (500) 1,000 16714 Printing & Office Supplies 123 167 (43) 941 1,000 (59) 2,000 16715 Filing Fees 54 29 24 320 175 145 350 16716 Delivery Expense 0 10 (10) 284 60 224 120 16717 Postage 17 8 8 34 50 (16) 100 16718 Insurance & Surety Bond 0 0 0 0 0 0 3,200 16722 Bank Service Charge 5 25 (20) 45 150 (105) 300 16723 Travel Expense 155 92 64 469 550 (81) 1,100 16728 Record Storage Fees 33 54 (21) 132 325 (193) 650 16731 Arbitrage Analysis 0 0 0 0 0 0 1,850 16737 SB 2 Expenses 250 250 0 1,750 1,500 250 2,600 Total Administrative Service 6,503 11,042 (4,538) 79,008 86,370 (7,362) 157,270 General Operating Fund Actual vs. Budget Comparison Rock Prairie M❑ No. 2 - GOF rD November 2024 June 2024 - November 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Expenditures Other Expense 17802 Miscellaneous Expense 2 225 (223) 697 1,350 (653) 2,700 Total Other Expense 2 225 (223) 697 1,350 (653) 2,700 Total Expenditures 15,998 19,657 (3,658) 142,141 159,230 (17,089) 295,070 Total Revenues (Expenditures) (7,153) (19,657) 12,504 (123,465) (155,232) 31,767 0 Excess Revenues (Expenditures) (7,153) (19,657) 12,504 (123,465) (155,232) 31,767 0 General Operating Fund Actual vs. Budget Comparison Rock Prairie MD No. 2 - GOF rio October 2024 June 2024 - October 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Revenues Property Tax Revenue 14301 Maintenance Tax Collections 1,157 527 630 8,058 3,998 4,060 220,228 Total Property Tax Revenue 1,157 527 630 8,058 3,998 4,060 220,228 Interest Revenue 14802 Interest Earned on Temp. Invest 78 0 78 1,772 0 1,772 0 Total Interest Revenue 78 0 78 1,772 0 1,772 0 Developer Advance 14901 Developer Advance 0 0 0 0 0 0 74,842 Total Developer Advance 0 0 0 0 0 0 74,842 Total Revenues 1,235 527 708 9,830 3,998 5,832 295,070 Expenditures Water Service 16105 Maintenance & Repairs - Water 1,286 2,917 (1,631) 11,013 14,583 (3,570) 35,000 Total Water Service 1,286 2,917 (1,631) 11,013 14,583 (3,570) 35,000 Parks & Recreation Service 16601 Streelight Maintenance & Repair 0 2,083 (2,083) 0 10,417 (10,417) 25,000 16603 Mowing - Parks 9,675 8,830 845 41,930 38,120 3,810 75,100 Total Parks & Recreation Service 9,675 10,913 (1,238) 41,930 48,537 (6,607) 100,100 Administrative Service 16703 Legal Fees 11,553 5,000 6,553 31,160 25,000 6,160 60,000 16705 Auditing Fees 1,100 1,200 (100) 15,000 15,000 0 15,000 16706 Engineering Fees 4,473 3,083 1,389 11,668 15,417 (3,749) 37,000 16712 Bookkeeping Fees 2,993 2,240 753 11,339 16,320 (4,981) 32,000 16713 Legal Notices & Other Publ. 0 83 (83) 0 417 (417) 1,000 16714 Printing & Office Supplies 454 167 287 818 833 (16) 2,000 16715 Filing Fees 207 29 178 267 146 121 350 16716 Delivery Expense 109 10 99 284 50 234 120 16717 Postage 7 8 (1) 17 42 (24) 100 16718 Insurance & Surety Bond 0 0 0 0 0 0 3,200 16722 Bank Service Charge 20 25 (5) 40 125 (85) 300 16723 Travel Expense 119 92 27 314 458 (144) 1,100 16728 Record Storage Fees 33 54 (21) 99 271 (172) 650 16731 Arbitrage Analysis 0 0 0 0 0 0 1,850 16737 SB 2 Expenses 250 250 0 1,500 1,250 250 2,600 Total Administrative Service 21,316 12,242 9,074 72,504 75,328 (2,824) 157,270 General Operating Fund Actual vs. Budget Comparison Rock Prairie MD No. 2 - GOF rih October 2024 June 2024 - October 2024 Over/ Over/ Annual Actual Budget (Under) Actual Budget (Under) Budget Expenditures Other Expense 17802 Miscellaneous Expense 2 225 (223) 695 1,125 (430) 2,700 Total Other Expense 2 225 (223) 695 1,125 (430) 2,700 Total Expenditures 32,279 26,297 5,982 126,143 139,573 (13,430) 295,070 Total Revenues (Expenditures) Excess Revenues (Expenditures) (31,044) (25,770) (5,275) (116,313) (135,575) 19,263 (31,044) (25,770) (5,275) (116,313) (135,575) 19,263 0 0 9 General Operating Fund Balance Sheet as of 12/31/2024 Rock Prairie MD Na. 2 - GOF rih Assets Bank 11101 Cash in Bank $11,308 Total Bank $11,308 Investments 11201 Time Deposits $542 Total Investments $542 Receivables 11303 Maintenance Tax Receivable $6,700 Total Receivables $6,700 Interfund Receivables 11401 Due From Capital Projects $11,282 11403 Due From Tax Account (9,106) Total Interfund Receivables $2,176 Total Assets $20,726 Liabilities & Equity Liabilities Accounts Payable 12101 Accounts Payable $50,544 Total Accounts Payable $50,544 Deferrals 12502 Deferred Inflows Property Taxes $6,700 Total Deferrals $6,700 Total Liabilities $57,244 Equity Unassigned Fund Balance 13101 Unassigned Fund Balance Total Unassigned Fund Balance Net Income Total Equity Total Liabilities & Equity $95,430 $95,430 ($131,949) ($36,519) $20,726 w General Operating Fund Monthly Financial Summary - Capital Projects Fund Rock Prairie MD Na. 2 - CPF Account Balance Summary Balance as of 10/11/2024 Receipts Disbursements Balance as of 01/09/2025 $50,408 2,363,485 (2,356,818) $57,076 Overall Revenues & Expenditures By Month (Year to Date) --•— Current Year Revenues -- Prior Year Revenues Current Year Expenditures •-- Prior Year Expenditures $2.5M $2.0M $1.5M $1.0M $0.5M $0.0M ($0.5M) Jul Sep Nov Jan Mar May Jun Aug Oct Dec Feb Apr Account Balance By Month I January 2024 - December 2024 —� CAPITAL PROJECTS FUND $80.00K $60.00K $40.00K $20.00K $0.00K ($20.00K) Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 Aug 24 Sep 24 Oct 24 Nov 24 Dec 24 11 Capital Projects Fund District Debt Summary as of 01/09/2025 Rock Prairie MD No. 2 - DSF rod Total $ Authorized $178.00M Total $ Issued $10.90M Yrs to Mat Rating 25 AA WATER, SEWER, PARK/ROAD/OTHER REFUNDING DRAINAGE Authorized Authorized Authorized $71.40M $106.60M $178.00M Issued Issued Issued N/A $10.90M N/A $ Available To Issue $71.40M $ Available To Issue $ Available To Issue $95.70 M $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 2024A - Road 2024 - Road 2023 - Road 2022 - Road 2021 - Road Total Original Bonds Issued $2,550,000 $1,600,000 $1,750,000 $2,500,000 $2,500,000 $10,900,000 Maturity Date 2050 2050 2050 2050 2050 Principal Outstanding $2,550,000 $1, 600, 000 $1,750,000 $2,440,000 $2,305,000 $10,645,000 12 District Debt Summary District Debt Schedule Rock Prairie M❑ No. 2 - DSF �4d Paying Agent Series Principal Interest Total Bank of New York 2024 - Road $0.00 $56,940.63 $56,940.63 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 $184,896.88 $184,896.88 Paying Agent Series Principal Interest Total Bank of New York 2024A - Road $0.00 $86,806.32 $86,806.32 Bank of New York 2024 - Road $0.00 $35,962.50 $35,962.50 Bank of New York 2023 - Road $45,000.00 $39,468.75 $84,468.75 Bank of New York 2022 - Road $65,000.00 $58,212.50 $123,212.50 Bank of New York 2021 - Road $65,000.00 $30,275.00 $95,275.00 Total Due 09/01/2025 $175,000.00 $250,725.07 $425,725.07 13 District ❑ebt Schedule Investment Profile as of 01/09/2025 Fink .Prairie MD N.o. 2 General Operating Fund Capital Projects Fund Debt Service Fund Other Funds Funds Available to Invest ($27,662) Funds Invested $542 Percent Invested -2% Funds Available to Invest $57,076 Funds Invested $57,076 Percent Invested 100% Term Money Market On Demand 4.53% Funds Available to Invest Funds Available to Invest $440,483 Funds Invested $440,483 Percent Invested 100% Term Certificate of Deposit 180 Days 270 Days 1 Yr 13 Mo 18 Mo 2 Yr *Rates are based on the most current quoted rates and are subject to change daily. 4.49% 4.37% 4.29% 3.28% 3.84% 2.91% N/A Funds Invested N/A Percent Invested N/A Term U.S. Treasuries 180 Days 270 Days 1 Yr 13 Mo 18 Mo 2 Yr Investment Rates Over Time (By Month) I January 2024 - December 2024 5.50% 5.00% 4.50% 4.00% 3.50% MONEY MARKET CD-1 YEAR U.S. TREASURIES-1 Year 4.24% 4.24% 4.15% N/A 4.15% 4.26% Jan 24 Feb 24 Mar 24 Apr 24 May 24 Jun 24 Jul 24 Aug 24 Sep 24 Oct 24 Nov 24 Dec 24 1t investment Profile Account Balance as of 01/09/2025 Flock Prairie MD No. 2 Detail �4d FUND: General Operating Financial Institution (Acct Number) Money Market Funds TEXAS CLASS (XXXX0005) Checking Account(s) CENTRAL BANK - CHECKING (XXXX6508) Issue Date Maturity Date Interest Rate 03/06/2024 Account Balance Notes 4.61% 541.67 0.00% (28,203.88) Checking Account Totals for General Operating Fund ($27,662.21) FUND: Capital Projects Financial Institution (Acct Number) Issue Date Maturity Date Interest Rate Account Balance Notes Money Market Funds TEXAS CLASS (XXXX0006) 04/04/2024 4.61 % 2,671.65 Series 2024 Road TEXAS CLASS (XXXX0007) 10/18/2024 4.61 % 54,404.32 Series 2024A Road Totals for Capital Projects Fund $57,075.97 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 : Issue Date Maturity Date 04/06/2021 Interest Rate Account Balance 4.61% 440,483.10 Road $440,483.10 $469,896.86 Notes Capital Projects Fund Breakdown ROCK PRAIRIE MD 2 1/9/2025 Net Proceeds for All Bond Issues Receipts Series 2023 Road - Series 2023 Road - Series 2024 Road - Series 2024 Road - Series 2024A Road Series 2024A Road Bond Proceeds Interest Earnings Bond Proceeds Interest Earnings - Bond Proceeds - Interest Earnings Disbursements Series 2022 Road Series 2023 Road Series 2024 Road Series 2024A Road Total Cash Balance Balances by Account Series 2024 Road Series 2024A Road Total Cash Balance Balances by Bond Series Series 2024 Road Series 2024A Road Total Cash Balance 1, 750, 000.00 1,917.73 1,600,000.00 1,542.65 2,550,000.00 854.62 (2,500,815.06) (1,751,917.73) (1,598,871.00) (2,496,450.30) $57,075.97 $2, 671.65 54,404.32 $57,075.97 $2,671.65 54,404.32 $57,075.97 Remaining Costs/Surplus By Bond Series Series 2024 Road Series 2024A Road Total Amount in Remaining Costs Series 2024 Road Series 2024A Road Total Remaining Costs/Surplus $1,000.00 19, 698.87 $20,698.87 $1,671.65 34, 705.45 $57,075.97 16 Cost Comparison - $1,600,000 - Series 2024 ROCK PRAIRIE MD 2 5131 /2024 CONSTRUCTION COSTS Districts Items: Midtown Reserve Phase 201 Midtown Reserve Phase 501 Engineering & Geotechnical TOTAL CONSTRUCTION COSTS NON -CONSTRUCTION COSTS Legal Fees Financial Advisor Fees Capitalized Interest Developer Interest Bond Discount Bond Issuance Expenses Attorney General Fee TOTAL NON -CONSTRUCTION COSTS TOTAL BOND ISSUE REQUIREMENT USE OF ACTUAL REMAINING VARIANCE PROCEEDS COSTS COSTS (OVER)+UNUER 239,000.00 239,000.00 0.00 0.00 830,893.00 830,893.08 0.00 (0.08) 57,590.00 57,590.00 0.00 0.00 1,127,483.00 1,127,483.08 0.00 (0.08) $50,000.00 $50,439.66 $0.00 ($439.66) 32,000.00 35,568.13 0.00 (3,568.13) 80,000.00 71,925.00 0.00 8,075.00 210,577.00 184,160,09 0.00 26,416.91 48,000.00 47,681.00 0.00 319.00 50,340.00 80,014.04 1,000.00 (30,674.04) 1,600,00 1,600.00 0.00 0.00 $472,517.00 $471,387.92 $1,000.00 $129.08 $1,600,000.00 $1,598,871.00 $1,000.00 $129.00 Interest Earned 1,542.65 Total Surplus & Interest 1,671.65 Total Remaining Funds $2,671.65 17 Cost Comparison - $2,550,000 - Series 2024A ROCK PRAIRIE MD 2 1/9/2025 CONSTRUCTION COSTS Districts Items: Midtown Reserve Phase 105 Midtown Reserve Phase 106 Midtown Reserve Phase 107 midtown Reserve Phase 404A Midtown Reserve Phase 109 & 112 EHRA Engineering USE OF ACTUAL REMAINING VARIANCE PROCEEDS COSTS COSTS (OVER)IUNDER 38,242.00 38,241.94 295,571.00 295,570.96 406,032.00 406,032.32 350,965.00 350,964.85 902,180.00 902,179.83 49,500.00 49,500.00 TOTAL CONSTRUCTION COSTS 2,042,490.00 2,042,489,90 NON -CONSTRUCTION COSTS Legal Fees Financial Advisor Fees Capitalized Interest Developer lnterest Bond Discount Bond Issuance Expenses Attorney General Fee Surplus Funds TOTAL NON -CONSTRUCTION COSTS TOTAL BOND ISSUE REQUIREMENT 0.00 0.00 0.00 0.00 0.00 0,00 0.06 0.04 (0.32) 0.15 0.17 0.00 0.00 0.10 $73,750.00 $74,004.50 $0.00 ($254.50) 51,000.00 53,938.08 0.00 (2,938.08) 121,125.00 110,425.00 0.00 10, 700.00 184,154.00 157,852.89 0.00 26,301.11 76,500.00 76,457.80 0.00 42.20 46,431.00 26,732.13 19,698.87 0.00 2,550,00 2,550.00 0.00 0.00 (48,000.00) (48,000.00) 0.00 0.00 $507,510.00 $453,960.40 $19,698.87 $33,850.73 $2,550,000.00 $2,496,450.30 $19,698.87 $33,850.83 Interest Earned 854.62 Total Surplus & Interest 34,705.45 Total Remaining Funds $54,404.32 18 MUNICIPAL ACCOUNTS F' CONSULTING, L.P. Rock Prairie Management District No. 2 Quarterly Investment Inventory Report Period Ending November 30, 2024 BOARD OF DIRECTORS Rock Prairie Management District No. 2 Attached is the Quarterly Investment Inventory Report for the Period ending November 30, 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 IIB 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 (TexPool 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 Ilours) December 26, 2023 (Texpool Academy 10 Hours) Rock Prairie Management District No. 2 Summary of Money Market Funds 09/01/2024 - 11/30/2024 Fund: Operating Financial Institution: TEXAS CLASS Account Number: 300000005 Date Opened: 03/06/2024 Current Interest Rate: 4.71% Date Description Begin Balance Cash Added Cash Withdrawn Int. Earned End Balance 09/01/2024 34,099.69 09/30/2024 254.68 10/10/2024 Tr to Chkg (24,000.00) 10/10/2024 Tr from CPF 52.09 10/31/2024 77-86 11/25/2024 Tr to Chkg (10,000.00) 11/30/2024 42.03 Totals for Account 30CXX0005: $34,099.69 $52.09 ($34,000.00) 537457 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interest Securities/Direct Govemmcut Obligations: Market Value Quoted by the Seller of the Scotrity and Confirmed i,, \Y'ndng Public Fund Investment Pool/Aar Accounts: Balance = Book Value = Current Sfnrket $526.35 Totals for Operating Fund: $34,099.69 $52.09 ($34,000.00) $374.57 $526.35 Fund: Capital Projects Financial Institution: TEXAS CLASS Account Number: XXXX0006 Date 09/01/2024 09/30/2024 10/10/2024 10/31/2024 11/04/2024 11/30/2024 Account Number: XXXX0007 Date 09/01/2024 11/04/2024 11/18/2024 11/18/2024 11/18/2024 11/18/2024 11/19/2024 11/21/2024 11/21/2024 11/22/2024 11/30/2024 1-6 Methods Used For Reporting Market Values Certificates of Deposits: Secudries/Direct Government Obbgeons: Public Fund Invesnnenr Pool/kaf Accounts: Date Opened: 04/04/2024 Current Interest Rate: 4.71% Description Tr to GOF Tr to Series 2024A Road Date Opened: 10/18/2024 Current Interest Rate: 4.71% Description Tr from Series 2024 Road Series 2024A Road Proceeds McCall Parkhurst Masterson Advisors SPIT College Station Downtown Res College Station Town Ctr. Developer Interest Tr to Chkg Face Value Plus Accrued Interest n4arket Value Quoted by the Seller of the Security and Confirmed in Wnung Balance = Book Value = Current Market Rock Prairie Management District No. 2 Summary of Money Market Funds 09/01/2024 - 11/30/2024 Totals for Account XXXX0006: Totals for Account XXXX0007: Totals for Capital Projects Fund: Begin Balance Cash Added Cash Withdrawn 50,232.26 $50,232 26 Begin Balance Cash Added 0.00 48,000.00 2,362,367.20 $0.00 $2,410,367_20 $50,232.26 $2,410,367.20 (52.09) (48,000.00) ($48,052.09) $480.76 Cash Withdrawn Int. Eamed End Balance End Balance (9,500.00) (53,938.08) (74,004,50) (1,691,525.05) (350,964.85) (157,852,89) (7,750.00) ($2,345,535,37) ($2,393,587.46) Int. Eamed 227.97 215.79 37.00 S91.02 5591.19 51,071.85 $2,660.93 $65,422.92 $68,083:85 Rock Prairie Management District No. 2 Summary of Money Market Funds 09/01/2024 - 11/30/2024 Fund: Debt Service Financial Institution: TEXAS CLASS Account Number: XXXX0001 Date Opened: 04/06/2021 Current Interest Rate: 4.71% Date Description Begin Balance Cash Added Cash Withdrawn Int. Earned End Balance 09/01/2024 324,740.45 09/06/2024 PAF BONY SERIES 2022 ROAD (750 00) 09/30/2024 1,408.68 10/31/2024 1,392.42 11/18/2024 Series 2024A Road 110,425.00 11/30/2024 1,499.50 Totals for Account XXXX0001: $324,740.45 5110,42.5.00 ($750.00) $4,300.60 $438,716.O5 Totals for Debt Service Fund: $324,740.45 S110,425.00 ($750.00) $4,300.60 $438,716.05 N Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interest Securities/Direct Government Obligations: Market Value Quoted by the Seller of the Security and Confirmed in Writing Public Fund Investment Pool/Nat Accounts: Balance= Book Value = Current Market Financial Institution Fund: Operating Rock Prairie Management District No. 2 Summary of Certificates of Deposit with Money Market 09/01/2024 - 11/30/2024 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 Eamed: $0.00 Plus Principal From Casts: $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: $374.57 MM Balance: $526.35 Total Interest Earned: $374.57 Total Balance: $526.35 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interest Secunties/Di rect Government Obligations: Market Value Quoted by the Seller f be Security and Confirmed in Writing Public Fund Investment Pool/blM Accounts: Balance= Book Value = Current Market Financial Institution Fund: Capital Projects Rock Prairie Management District No. 2 Summary of Certificates of Deposit with Money Market 09/01/2024 - 11/30/2024 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 Earned: $0.00 Fixed Balance: $0.00 MM Interest Earned: $1,071.85 MM Balance: $68,083.85 Total Interest Earned: $1,071.85 Total Balance: $68,083.85 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus Accrued Interest Secunncs/Direct Government Obligations: Market Value Quoted by the Seller of the Security and Confirmed in Writing Public Fund Investment Pool/hal Accounts: Balance = Book Value = Current Marker Financial Institution Fund: Debt Service Crt Rock Prairie Management District No. 2 Summary of Certificates of Deposit with Money Market 09/01/2024 -11/30/2024 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 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 PiusInterest Reinvested: $0.00 Fixed Interest Earned: $0.00 Fixed Balance: $0.00 MM Interest Earned: $4,300.60 MM Balancc: $438,716.05 Total Interest Eamed: $4,300.60 Tots! Balance! $438,716.05 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 50.00 Methods Used For Reporting Market Values Certificates of Deposits: Face Value Plus accrued Interest Securities/Direct Government Obligations: Market Value Quoted by the Seller of the Security and Confirmed in Writing Public Fund Investment Pool/MLM Accounts: Balance= Book Value= Current Market Exhibit B Honesty I Efficiency I Transparency I Accountability I Continuity MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE MONTH ENDING OCTOBER 31, 2024 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 MAIN 713-900-2680 HOUSTON, TX 77040 TOLL FREE 1-888-598-7409 1 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 10/31/24 RECEIVABLES SUMMARY 2024 Balance Forward Levy at 05/31/25 FYE CAD Changes / Uncollectible Outstanding Balance forward Prior Years (2023-2010) at 05/31/25 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 TAX ACCOUNT Income Taxes Collected Current Year Taxes Collected Prior Year 10% Rendition Penalty Penalties & Interest Collection Fee Paid Overpayments NSF or Reversals, Bank Charges Other Fees & Court Costs, Etc CCI Overpayment Earned Interest Expenses CK# 1312 CK# 1313 CK# 1314 CK# 1315 Beginning Balance — Tax Account Check 1252 Voided due to Stale Date Rock Prairie Management District 2 - Operating Colton Achtenberg & Abby Ostronic-Correction Roll 50 Refund (TY 2023) B&A Municipal Tax Service, LLC - Invoice MD2-240 B&A Municipal Tax Service, LLC - Invoice MD2-241 Ending Balance —Tax Account $0.00 $1,030,540.83 $19,103.58 ($475.43) ($15,089.38) ($29,332.52) $112.11 $29,332.52 $178.15 $0.00 $29.85 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $29,540.52 $59.30 $8,803.41 $290.26 $870.80 $1,249.31 $11,213.78 1,030,540.83 18,628.15 1,049,168.98 (44,309.79) 1,004,859.19 30,060.86 59,660.68 48,446.90 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 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 10/31/24 OUTSTANDING TAXES - YEAR TO DATE BALANCE FORWARD CAD TAX @ SUPPLEMENTS & YEAR 10/01/24 CORRECTIONS UNCOLLECTIBLE 2024 $1,024,921.17 $5,619.66 $0.00 2023 $642,945.73 ($290.26) $0.00 2022 $363,766.39 $0.00 $0.00 2021 $216,956.04 $0.00 $0.00 2020 $117,666.69 $0.00 $0.00 2019 $73,299.93 $0.00 $0.00 2018 $49,461.25 $0.00 $0.00 2017 $19,962.78 $0.00 $0.00 EXEMPTIONS & TAX RATES TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 HOMESTEAD EXEMPTION 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% DISTRICT VALUES TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 LAND & IMPROVEMENTS 162,013,163 131, 758,185 74,200,217 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 0 AG NET 7,348 8,296 8,296 8,675 7,123 14,370 28,690 27,010 M & 0 RATE 0.19600 0.18000 0.12000 0.17000 0.50000 0.50000 0.50000 0.50000 PERSONAL PROPERTY 141,635 140,373 120,621 608,274 617,829 909,670 309,850 0 COLLECTIONS $29,332.52 $639,004.59 $363,766.40 $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 0.00000 EXEMPTIONS 3,617,417 3,375,748 1,575,865 637,793 33,002 1,162,600 328,210 104,096 OUTSTANDING TAXES $1,001,208.31 $3,650.88 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1,004,859.19 ROAD BOND DEBT RATE 0.45400 0.32000 0.38000 0.33000 0.00000 0.00000 0.00000 0.00000 TOTAL VALUE 158,544,729 128,531,106 72,753,269 43,391,211 23,533,362 14,659,986 9,892,250 3,992,557 COLLECTIONS PERCENTAGE 2.85% 99.43% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% TOTAL RATE 0.65000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 SR KR 7 7 51 51 70 70 95 95 103 103 112 112 109 109 105 105 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 MUNICIPAL TAX SERVICE,LLC BEGINNING BALANCE ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 10/31/24 INCOME 10% Rendition Penalty CAD Refund Excess Allotment Collection Fee Earned Interest Overpayments Penalty & Interest Rollback Tax Collected Taxes Collected PROFIT & LOSS CURRENT MONTH 10/01/24 -10131 /24 33,977.00 FISCAL YEAR 06/01/24 -10/31/24 32,065.83 0.00 17.87 0.00 0.00 0.00 1,456.45 0.00 0.00 0.00 3.00 29.85 2,763.16 0.00 0.00 29,510.67 44,785.22 Total Income 29,540.52 49,025.70 EXPENSES Audit/Records 0.00 175.00 Bank Charges 0.00 0.00 Bond Premium 0.00 50.00 CAD Fees 500.00 3, 922.00 Certificate of Value 175.00 175.00 Copies 83.80 281.00 Correction Roll Refunds (59.30) 1,006.46 Correction Roll Rendition Refunds 0.00 0.00 Continuing Disclosure 0.00 0.00 Court Affidavits 0.00 0.00 Delinquent Tax Attorney Assistance 15.00 75.00 Delinquent Tax Attorney Fee 728.78 1,456.45 Estimate of Value 0.00 450.00 Financial Advisor Assistance 0.00 0.00 Unclaimed Property Report 0.00 60.00 Installment Tracking 15.00 60.00 Legal Notices 355.29 355.29 Mailing & Handling 13.38 70.22 Meeting Travel & Mileage 0.00 532.56 NSF, Reversals, Stop Pay 0.00 0.00 Overpayment Refund 0.00 0.00 Public Hearing 0.00 0.00 Records Retention 2.42 15.23 Research 0.00 0.00 Roll Update & Processing 0.00 225.00 Supplies 0.00 109.26 Tax Assessor Collector Fee -AB 870.80 4,354.00 Transfer to Rollback Collected 0.00 0.00 Transfer to Maintenance & Operating 1,156.67 8,058.38 Transfer to Road Debt Service 0.00 0.00 3,856.84 21,430.85 ENDING BALANCE 59.660.68 59,660.68 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 10/31/24 October November December January February March 1 April 1 May June July ] August September YEAR TO YEAR COMPARISON 2024 % 2023 $29,332.52 2.85% VARIANCE $8,387.10 1.29% 1.56% $37,614.24 7.11% $51,270.06 15.03% $491,405.97 91.00% $7,256.46 92.20% $20,422.12 95.37% $3,548.24 95.92% $8,644.27 97.26% $3,326.39 97.78% $4,045.86 98.40% $3,214.21 98.90% $3,212.97 99.40% MONTHLY COLLECTIONS 20241 2023] 2022 1 $29,332.52 $178.15 $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 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MGT DIST NO. 2 FOR THE PERIOD ENDING 10/25/2024 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 15t day of November 2024. kteai Rebecca Brewer REBECCABREWER Notary Public, State of Texas My Notary ID # 1258819 ';gr?4'• Expires March 1, 2028 Notary ID #1258819 My Commission Expires March 1, 2028 MUNICIPAL TAX SERVICE,LLC TAX YEAR 2024 20231 2022 2021 2020 2019 2018 2017 DATE: M & 0 RATE 0.196000 0.180000 0.120000 0.170000 0.500000 0.500000 0.500000 0.500000 11101 /24 PAID CHECK# I3/� ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 10/31/24 PERCENTAGE 30.15% 36.00% 24.00% 34.00% 100% 100% 100% 100% B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 505 HOUSTON, TX 77040 MAINTENANCE & OPERATING COLLECTIONS $29,332.52 $178.15 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 PENALTIES & INTEREST $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 LESS CORRECTION ROLLS LESS REVERSALS $0.00 $0.00 ($290.26) $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 MAIN 713-900-2680 TOLL FREE 1-888-598-7409 LESS 0.00 TRANSFER $8,843.76 -$40.36 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 so. $0.00 $8,803.41 1 2023 TAX RECEIPT ROCK PRAIRIE MANAGEMENT DISTRICT 2 AVIK BONNERJEE, TAX ASSESSOR/COLLECTOR 13333 NORTHWEST FREEWAY, SUITE 620 HOUSTON, TX 77040 Hours: MON - THU 8 - 4 FRI 8 - 12 Web: WWW.BAMUNITAX.COM Owner Name and Address ACHTENBERG COLTON & ABBY OSTRONIC 1224 AMISTAD LOOP COLLEGE STATION, TX 77845-2722 ""RETURN SERVICE REQUESTED** Appraised Values Homestead Adj. Improvement HS Land HS 100% Assessed Value Taxing Unit ROCK PRAIRIE MD NO. 2 Phone: 713-900-2680 Fax: 713-900-2685 Property Information -58,054 MIDTOWN RESERVE PH 201, BLOCK 23, LOT 12 220,445 55,000 217.391 AMISTAD LOOP IF YOU ARE 65 YEARS OF AGE OR OLDER OR ARE DISABLED AND THE PROPERTY DESCRIBED IN THIS DOCUMENT IS YOUR RESIDENCE HOMESTEAD, YOU SHOULD CONTACT THE APPRAISAL DISTRICT REGARDING ANY ENTITLEMENT YOU MAY HAVE TO A POSTPONEMENT IN THE PAYMENT OF THESE TAXES Service Address Less Exemptions Payment Due Before Date Payment Paid By 01/04/2024 1,377.22 CORELOGIC 10/17/2024 0.00 ACHTENBERG COLTON & ABBY OSTRONIC 0/ CORRECTION ROLL # 5Q AMOUNT:'mi10,k' Jur No Stmt Date MD2 11/7/2024 Account No TAXES ARE liUE UPON RECEIPT. TAXES WILL BECOME DELINQUENT AFTER January 31, 2024. PAYMENT MUST BE POSTMARKED BEFORE DELINQUENT DATE TO AVOID ADDITIONAL PENALTIES AND INTEREST. Taxes that remain delinquent on July 02, 2024 will incur an additional penalty to defray costs of collection per Section 33.07,33.08 and/or 33.11 of the Texas Property Tax Code. Delinquent Date Receipt No 2/1/2024 368 41380021230120 Please contact the Appraisal District concerning any corrections in appraised value, ownership, address changes or any application for exemptions. Brazos County Appraisal District www.brazoscad.org 979-774-4100 Year 2023 2022 2021 Al NIA N/A N/A Appraised 275,445 217,391 87,587 87,587 25,860 25,860 N/A N/A N/A N/A N/A N/A % Change between 2023 and 2021 965.14% 740.65% 0 00°/a 740 65% Comparisons of the last six (6) years Taxable Rate Taxes 0.500000 1,086.96 0 500000 437.94. 0 500000 129.30 N/A N/A N/A N/A N/A N/A Taxable Value Tax Rate 217,391 0.500000 per $100 % Change 148.20% 238 70% N/A N/A N/A N/A Tax Levy 1,086.96 Current Taxes Due 1,086.96 CAD Taxes Paid Penalties Paid P & I Paid Atty_ Fee Paid 1,377.22 0.00 0.00 000 -290.26 if 0.00 0.00 0 00 Other Paid Total Payment 0 00 1,377 22 0.00 0.00 I(.a I-a'F 13(3 2023 Paid in Full Total Paid 1,377.22 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 # 11/1/2024 MD2-240 Description Unit Count Rate Amount Avik Bonnerjee, RTA - Tax Assessor Collector Fee 824.90 824.90 November 2024. 2023 Additional Unit Count Invoiced 2024 51 0.90 45.90 Thank you for your business. 13 Total $870.80 s iI.o�•�q- cj-. f�1, 13333 Northwest Freeway, Suite 620 r Houston, TX 77040 • PH:713-900-2680 ■ 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 # 11/1/2024 MD2-241 Description Unit Count Rate Amount Supplies for 2024 Tax Year (Pressboard File Folders) Copies Postage, Mailing, and Handling (3) Roll Update & Processing (August & September Rolls) Records Retention Preparation of Delq. Atty. Electronic Files Meeting Travel Time/Mileage/Time (September 2024) Installment Agreement Tracking (September 2024) 2024 Tax Rate Publication: The Eagle Invoice 12892 paid by B&A Visa Thank you for your business. 676 2.25 14.83 0.20 6.35 75.00 6.33 15.00 532.56 15.00 355.29 14.83 135.20 6.35 168.75 6.33 15.00 532.56 15.00 355.29 Total $1,249.31 Rt I I - D 13333 Northwest Freeway, Suite 620 a Houston, TX 77040 • PH:713-900-2680 • www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Delinquent Tax Roll As of 10/31/2024 Page 1 11/7/2024 9:56 AM Account No/Name/Address 41380010310140 WESTHOFF WILLIAM JEFFREY 2820 S ADAMS ST FORTH WORTH, TX 76110-3105 Year Stmt Date 2023 6/19/2024 Payment Date 5/31/2024 7/15/2024 7/22/2024 8/12/2024 9/17/2024 10/23/2024 Delg Date Code 2/1 /2024 Payment Amt Escrow 208.00 0.00 208.00 0.00 208.00 0.00 208.00 0.00 208.00 0.00 208.00 0.00 41380010550210 PINTO JOHN & LAURA H 843 MINERAL WELLS LN COLLEGE STATION, TX 77845-2167 Year Stmt Date De(gp Date Code 2023 10/17/2023 2/1/2024 41380010670120 BAJAJ RAHUL 18911 STEEP STEP TRL CYPRESS, TX 77433-7013 Year Stmt Date Delg Date Code 2023 10/17/2023 2/1/2024 219.67 0,00 41380020170170 JONES WILFERD LEE II & JASMEEN LIVING TRUST JASMEEN & WILFERD LEE JONES II CO -TRUSTEES 1110 AMISTAD LOOP COLLEGE STATION, TX 77845-2706 Year Stmt Date Delg Date Code 2023 10/17/2023 2/1/2024 Cad No/Property Descr. 433625 MIDTOWN RESERVE PH 103, BLOCK 1, LOT 14 MCQUEENY DR Taxes Penalties 1,471.68 0.00 Over 65 Veteran Installment Code Due Oct. 2024 Payments Del. P&I Due 1,248.00 187.28 601.63 Taxes 184.07 171.19 172.91 174.63 176.38 178.15 Penalties 0.00 0.00 0.00 0.00 0.00 0.00 Del. P&I 23.93 36.81 35.09 33.37 31.62 29.85 000000435211 MIDTOWN RESERVE PH 105, BLOCK 5, LOT 21 MINERAL WELLS LN No No Due Nov. 2024 Due Dec. 2024 Del. P&I Due Del. P&1 Due 192.26 606.61 197.23 611.58 Attv Fees 0.00 0.00 0.00 0.00 0.00 0.00 Over65 Veteran Installment Code Other Fees 0.00 0.00 0.00 0.00 0.00 0.00 No No N Refund 0.00 0.00 0.00 0.00 0.00 0.00 Due Oct. 2024 Due Nov, 2024 Due Dec. 2024 Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&I Due 1,612.58 0.00 0.00 728.88 2,341.46 748.24 2,360.82 767.58 2,380.16 444298 MIDTOWN RESERVE PH 106, BLOCK 7, LOT 12 LADY BIRD LN Over 65 Veteran Installment Code Due Oct. 2024 Taxes Penalties Payments Del, P&I Due 99.29 318.96 0.00 000000427453 MIDTOWN RESERVE PH 200, BLOCK 17, LOT 17 AMISTAD LOOP No No N Due Nov. 2024 Due Dec. 2024 Del. P&I Due Del. P&I Due 101.93 321.60 104.56 324.23 Over 65 Veteran Installment Code Due Oct. 2024 Taxes Penalties Payments Del. P&I Due 1,404.28 0.00 0.00 634.74 2,039.02 No No N Due Nov. 2024 Due Dec. 2024 Del. P&I Due Del. P&I Due 651.58 2,055.86 668.43 2,072.71 Report Prepared by B&A Municipal Tax www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Delinquent Tax Roll As of 10/31/2024 Page 2 11/7/2024 9:56 AM Account No/Name/Address Cad No/Property Descr. Jurisdiction Totals (excludes Rollback Accounts) Year Tax Levy Base Taxes Due Penalties Due Del. PM Due Attv Fee Due Escrow Amt Total Due Count % Collected 2017 19,962.78 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2018 49,461.25 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2019 73,299.93 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2020 117,666.69 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2021 216,956.04 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2022 366,348.24 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2023 642,655.47 3,650.88 0.00 766.68 883.51 0.00 5,301.07 4 99.43% 2024 1.030.540.83 1001208.31 32.95 0.00 0.00 0.00 1,001.241.26 457 2.85% 1,004,859.19 32.95 766.68 883.51 0.00 1,006,542.33 461 Report Prepared by B&A Municipal Tax www.bamunitax.com Honesty I Efficiency 1 Transparency I Accountability I Continuity MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE MONTH ENDING NOVEMBER 30, 2024 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 MAIN 713-900-2680 HOUSTON, TX 77040 TOLL FREE 1-888-598-7409 1 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 11/30/24 RECEIVABLES SUMMARY 2024 Balance Forward Levy at 05/31/25 FYE CAD Changes / Uncollectible Outstanding Balance forward Prior Years (2023-2010) at 05/31/25 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 TAX ACCOUNT Income Taxes Collected Current Year Taxes Collected Prior Year 10% Rendition Penalty Penalties & Interest Collection Fee Paid Overpayments NSF or Reversals, Bank Charges Other Fees & Court Costs, Etc CCI Overpayment Earned Interest Beginning Balance — Tax Account Expenses CK# 1308 Brazos CAD - 1st Qtr 2025 Assessment Invoice (Reporting Only) CK# 1316 B&A Municipal Tax Service, LLC - Invoice MD2-243 CK# 1317 B&A Municipal Tax Service, LLC - Invoice MD2-244 Ending Balance —Tax Account $0.00 $1,028,803.48 $19,103.58 ($475.43) ($44,309.79) ($38,258.69) ($179.93) $38,258.69 $179.93 $0.00 $28.07 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $38,466.69 $2,177.25 $870.80 $1,765.07 $4,813.12 1,028,803.48 18,628.15 1,047,431.63 (82,748.41) 964,683.22 48,446.90 86,913.59 82,100.47 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 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 11/30/24 OUTSTANDING TAXES - YEAR TO DATE BALANCE FORWARD TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 CAD SUPPLEMENTS & 10/01/24 CORRECTIONS UNCOLLECTIBLE COLLECTIONS $1,024,921.17 $3,882.31 $0.00 $67,591.21 $642,945.73 ($290.26) $0.00 $639,184.52 $363,766.39 $0.00 $0.00 $363,766.40 $216,956.04 $0.00 $0.00 $216,956.04 $117,666.69 $0.00 $0.00 $117,666.69 $73,299.93 $0.00 $0.00 $73,299.93 $49,461.25 $0.00 $0.00 $49,461.25 $19,962.78 $0.00 $0.00 $19,962.78 EXEMPTIONS & TAX RATES TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 HOMESTEAD EXEMPTION 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% DISTRICT VALUES TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 LAND & IMPROVEMENTS 161,745,879 131, 758,185 74,200,217 43,412,055 22,941,412 14,898,546 9,881,920 4,069,643 OVER 65 / DISABLED M & 0 RATE 0 0.19600 0 0.18000 0 0.12000 0 0.17000 0 0.50000 0 0.50000 0 0.50000 0 0.50000 AG NET 7,348 8,296 8,296 8,675 7,123 14,370 28,690 27,010 PERSONAL PROPERTY 141,635 140,373 120,621 608,274 617,829 909,670 309,850 0 OUTSTANDING TAXES $961,212.27 $3,470.95 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $964,683.22 DEBT SERVICE ROAD BOND DEBT RATE RATE 0.00000 0.45400 0.00000 0.32000 0.00000 0.38000 0.00000 0.33000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 EXEMPTIONS 3,617,417 3,375,748 1,575,865 637,793 33,002 1,162,600 328,210 104,096 TOTAL VALUE 158,277,445 128,531,106 72,753,269 43,391,211 23,533,362 14,659,986 9,892,250 3,992,557 COLLECTIONS PERCENTAGE 6.57% 99.46% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% TOTAL RATE 0.65000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 SR KR 10 10 53 53 73 73 95 95 103 103 112 112 109 109 105 105 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 MUNICIPAL TAX SERVICE,LLC BEGINNING BALANCE ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 11/30/24 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 11 /01 /24 -11 /30124 59,660.68 0.00 0.00 0.00 0.00 0.00 28.07 0.00 38,438.62 38,466.69 FISCAL YEAR 06/01/24 -11 /30/24 32,065.83 17.87 0.00 1,456.45 0.00 3.00 2,791.23 0.00 83,223.84 87,492.39 EXPENSES Audit/Records 0.00 175.00 Bank Charges 0.00 0.00 Bond Premium 0.00 50.00 CAD Fees 0.00 3,922.00 Certificate of Value 0.00 175.00 Copies 135.20 416.20 Correction Roll Refunds 290.26 1.296.72 Correction Roll Rendition Refunds 0.00 0.00 Continuing Disclosure 0.00 0.00 Court Affidavits 0.00 0.00 Delinquent Tax Attorney Assistance 15.00 90.00 Delinquent Tax Attorney Fee 0.00 1,456.45 Estimate of Value 0.00 450.00 Financial Advisor Assistance 0.00 0.00 Unclaimed Property Report 0.00 60.00 Installment Tracking 15.00 75.00 Legal Notices 355.29 710.58 Mailing & Handling 6.35 76.57 Meeting Travel & Mileage 532.56 1,065.12 NSF, Reversals, Stop Pay 0.00 0.00 Overpayment Refund 0.00 0.00 Public Hearing 0.00 0.00 Records Retention 6.33 21.56 Research 0.00 0.00 Roll Update & Processing 168.75 393.75 Supplies 14.83 124.09 Tax Assessor Collector Fee - AB 870.80 5,224.80 Transfer to Rollback Collected 0.00 0.00 Transfer to Maintenance & Operating 8,803.41 16,861.79 Transfer to Road Debt Service 0.00 0.00 11,213.78 32,644.63 ENDING BALANCE Ri6,,913.59 86.913.59 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 11/30/24 YEAR TO YEAR COMPARISON 2024 % 2023 October $29,332.52 2.85% November $38,258.69 6.57% December January February March April May June July August September $3.212.97 MONTHLY COLLECTIONS 20241 20231 2022 $38,258.69 $179.93 $0.00 $8, 387.10 1.29% $37,614.24 7.11% $51,270.06 15.03% $491,405.97 91.00% $7,256.46 92.20% $20,422.12 95.37% $3,548.24 95.92% $8,644.27 97.26% $3,326.39 97.78% $4,045.86 98.40% $3.214.21 98.90% 99.40% VARIANCE 1.56% -0.54% 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 ROCK PRAIRIE MGT DIST NO. 2 MUNICIPAL TAX SERVICE,LLC FOR THE PERIOD ENDING 11/29/2024 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 0 F 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. f Avik Bonnerjee, RTA SWORN TO AND SUBSCRIBED BEFORE ME, this 1st day of December 2024. Rebecca Brewer Notary Public, State of Texas Notary ID #1258819 REBECCA BREWER My Notary ID # 1258819 Expires March 1, 2028 My Commission Expires March 1, 2028 ENTITY STATEMENT CALCULATIONS FOR 2025 BUDGET CYCLE 2025 Quarterly Allotment JJ)J ISDACTION BRAZOS COUNTY 334,656.25 BRYAN ISD 315,430.00 COLLEGE STATION ISD 374,249.25 NAVASOTA ISD 6,776.00 CITY OF BRYAN 154,855.00 1CITY OF COLLEGE STATION 194,217.00 CITY OF KURTEN 97.25 ,CITY OF NAVASOTA 3.50 BRAZOS COUNTY E.S.D. #1 3,653.50 BRAZOS COUNTY E.S.D. #2 ' 668.75 BRAZOS COUNTY E.S.D. #3 1,067.75 BRAZOS COUNTY E.S.D. #4 2,6.04.00 'BRAZOS MUD #1 4,629.75: BRAZOS MUD #2 648.501-- ROCK PRAIRIE MGMT DIST #2 1 2,674.25 1,396,230.75 i- x_ 4 Quarters 1 1 * $5,584,923.001 I 1st Quarter 2nd Quarter 4th Quarter Due , Less 2023 Excess Due by Due by March 3rd Quarter Due by by September 1 Total 2025 Allotment December 31, June 30, 2025 2024 jj 31, 2025 ' 30, 2025 • 91,279.00 243,377.251 334,656.25 334,656.25' 334,656.25 1,247,346.00' 88,086.00 227,344.001 315,430.001 315,430.00 315,430.00 1,173,634.00• 102,454 00 271,795.25 374,249.251 3.74,249.25 374,249.25 1,394,543.00• 2,169.004,607.00 6,776.00. 6,776.00 6,776.00 24,935.00' 43,122.00 111,733.00 154,855.00' 154,855.00 154,855.00 576,298.00' 54,342.00 139,875.00 194,217.00: 194,217.00 194,217.00 722,526.001 _._28.00 69.25 97.25' 97.25 _ _97.25 361.00' 0.25 3.25 3.50 3.50t 3.50 13.75' 400.001 3,253.50 3,653.50- 3,653.50 - 3,653.50 14,214.00! 184.00 484.75 668.75 668.75 668.75 2,491.00' 309.00 758.75 1,067.75 1,067.75i 1,067.75 3,962.00! 563,00 2,041,002,604.00 2,604.00 2,604.00 9,853.0-0, 981.75 3,648.00 4,629.75 4,629.75 4,629.75 17,537.25' 161.00 487.50 _ 648.50 648.50 648.50 2,433.00' 497.00, 2,177.25,� 2,674.25. 2,674.25 2,674.251 10,200.001 384, 576.00' 5,200047.00 • 5,584,923.001 Above are the quarterly payment amounts and due dates for the 2025 Brazos Central Appraisal District Operating Budget, as mandated by State Law. Section 6.06 State Property Tax Code states: "Unless the governing body of a unit and the chief appraiser agree to a different method of payment, each taxing unit shall pay its allocation in four equal payments to be made at the end of each calendar quarter, and the first payment shall be made before January 1 of the year in which the budget takes effect. The payment is delinquent if not paid on the date it is due. A delinquent payment incurs a penalty of 5 percent of the amount of the payment and accrues interest at an annual rate of 10 percent. If the budget is amended, any change in the amount of a unit's allocation is apportioned among the payments remaining." 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 # 12/1/2024 MD2-243 Description Unit Count Rate Amount Avik Bonnerjee, RTA - Tax Assessor Collector Fee 824.90 824.90 December 2024. 2023 Additional Unit Count Invoiced 2024 51 0.90 45.90 Thank you for your business. ITotal $870.80 CQ_ 1 c,.a (- a-y- etc (3 a( 13333 Northwest Freeway, Suite 620 • Houston, TX 77040 • PH:713-900-2680 • 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 # 12/1/2024 MD2-244 Description Unit Count Rate Amount Copies 349 0.20 69.80 Statement Mailing and Handling (DMR: Certified Roll thru 699.58 699.58 Supplemental Roll 2) Statement Mailing & Handling (B&A: Agents: Certified Roll 1.25 75.00 93.75 thru Supplemental Roll 3) Statement Mailing & Handling (B&A: thru Supplemental 0.5 75.00 37.50 Ro113) Records Retention 7.17 7.17 Preparation of Delq. Atty. Electronic Files 15.00 15.00 Meeting Travel Time/Mileage/Time (October 2024) 532.56 532.56 Installment Agreement Tracking (October 2024) 15.00 15.00 Public Hearing/2024 Tax Rate Adoption 650.00 650.00 The Eagle (Lee Enterprises) Credit for 2024 Publication -355.29 -355.29 Notice B&A Invoice MD2-237 Thank you for your business. Total $1,765.07 13333 Northwest Freeway, Suite 620 • Houston, TX 77040 • PH:713-900-2680 • www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Delinquent Tax Roll As of 11/30/2024 Page 1 12/2/2024 5:50 PM Account No/Name/Address 413800/0310140 WESTHOFF WILLIAM JEFFREY 2820 S ADAMS ST FORTH WORTH, TX 76110-3105 Year Stmt Date 2023 6/19/2024 Payment Date 5/31/2024 7/15/2024 7/22/2024 8/12/2024 9/17/2024 10/23/2024 11/15/2024 Defy. Date Code 2/1/2024 Payment Amt 208.00 208.00 208.00 208.00 208.00 208.00 208.00 41380010550210 PINTO JOHN & LAURA H 843 MINERAL WELLS LN COLLEGE STATION, TX 77845-2167 Year Stmt Date Delv Date Cade 2023 10/17/2023 2/1/2024 41380010670120 BAJAJ RAHUL 18911 STEEP STEP TRL CYPRESS, TX 77433-7013 Year Stmt Date Delp Date Code 2023 10/17/2023 2/1/2024 219.67 0,00 41380020170170 JONES WILFERD LEE II & JASMEEN LIVING TRUST JASMEEN & WILFERD LEE JONES II CO -TRUSTEES 1110 AMISTAD LOOP COLLEGE STATION, TX 77845-2706 Year Stmt Date DeIqq Date Code 2023 10/17/2023 2/1/2024 1,612.58 Cad No/Property Descr. 433525 MIDTOWN RESERVE PH 103, BLOCK 1, LOT 14 MCQUEENY DR Taxes Penalties Payments 1,471.68 0.00 1,456.00 Escrow Taxes 0.00 184.07 0.00 171.19 0.00 172.91 0.00 174.63 0.00 176.38 0.00 178.15 0.00 179.93 Over 65 Veteran Installment Code Due Nov, 2024 Del, P&I Due 108.77 343.19 Penalties 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Del. P&1 23.93 36.81 35.09 33.37 31.62 29.85 28.07 000000435211 MIDTOWN RESERVE PH 105, BLOCK 5, LOT 21 MINERAL WELLS LN Taxes Penalties Payments 0.00 0.00 No No Due Dec, 2024 Due Jan. 2025 Del. P&I Due Det P&I Due 111.59 346.01 114.40 348.82 Atty Fees Other Fees 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 Over 65 Veteran Installment Code Due Nov. 2024 Del. P&I Due 748.24 2,360.82 444298 MIDTOWN RESERVE PH 106, BLOCK 7, LOT 12 LADY BIRD LN No No N Refund 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Due Dec. 2024 Due Jan. 2025 Del. P&I Due Del. P&I Due 767.58 • 2,380.16 786.94 2,399.52 Over 65 Veteran Installment Code Due Nov, 2024 Taxes Penalties Payments Del. P&I Due 0.00 101.93 321.60 000000427453 MIDTOWN RESERVE PH 200, BLOCK 17, LOT 17 AMISTAD LOOP No No N Due Dec. 2024 Due Jan. 2025 Del. P&I Due Del, P&I Due 104.56 324.23 107.20 326.87 Over 65 Veteran Installment Code Due Nov, 2024 Taxes Penalties Payments Del. P&l Due 1,404.28 0.00 0.00 651.58 2,055.86 No No N Due Dec, 2024 Due Jan, 2025 Del. P&I Due Del. P&1 Due 668.43 2,072.71 685.29 2,089.57 Report Prepared by B&A Municipal Tax www.bamunitax.com Jurisdiction: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Page 2 Delinquent Tax Roll 12/2/2024 As of 11/30/2024 5:50 PM Account No/Name/Address Cad No/Property Descr. Jurisdiction Totals (excludes Rollback Accounts1 Year Tax Levy Base Taxes Due Penalties Due Del. P&I Due Attv Fee Due Escrow Amt Total Due Count % Collected 2017 19,962.78 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2018 49,461.25 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2019 73,299.93 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2020 117,666.69 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2021 216,956.04 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2022 366,348.24 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2023 642,655.47 3,470.95 0.00 763.61 846.91 0.00 5,081.47 4 99.46% 2024 1,028,803.48 961,212.27 32.95 0.00 0.00 0.00 961 245.22 426 6.57%. 964,683.22 32.95 763.61 846.91 0.00 966,326.69 430 Report Prepared by B&A Municipal Tax www.bamunitax.com Honesty I Efficiency I Transparency I Accountability I Continuity MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE MONTH ENDING DECEMBER 31, 2024 B & A MUNICIPAL TAX SERVICE, LLC 13333 NORTHWEST FREEWAY, STE 620 MAIN 713-900-2680 HOUSTON, TX 77040 TOLL FREE 1-888-598-7409 1 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 12/31/24 RECEIVABLES SUMMARY 2024 Balance Forward Levy at 05/31/25 FYE CAD Changes / Uncollectible Outstanding Balance forward Prior Years (2023-2010) at 05/31/25 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 TAX ACCOUNT Income Taxes Collected Current Year Taxes Collected Prior Year 10% Rendition Penalty Penalties & Interest Collection Fee Paid Overpayments NSF or Reversals, Bank Charges Other Fees & Court Costs, Etc CCI Overpayment Earned Interest CK# CK# CK# CK# Beginning Balance — Tax Account Expenses 1318 Dale & Elizabeth Sanchez - Over Payment Refund (TY 2024) 1319 B&A Municipal Tax Service, LLC - Invoice MD2-246 1320 B&A Municipal Tax Service, LLC - Invoice MD2-247 1321 Rock Prairie Management Distrct No. 2 - Operating Ending Balance —Tax Account $0.00 $1,029,478.23 $19,103.58 ($475.43) ($82,748.41) ($57,442.52) ($234.42) $57,442.52 $234.42 $0.00 $23.81 $0.00 $919.46 $0.00 $0.00 $0.00 $0.00 $58,620.21 $919.46 $937.40 $348.95 $29,003.09 $31,208.90 1,029,478.23 18,628.15 1,048,106.38 (140,425.35) 907,681.03 82,100.47 140,720.68 109,511.78 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 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 12/31/24 OUTSTANDING TAXES - YEAR TO DATE TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 BALANCE FORWARD 10/01 /24 $1,024,921.17 $642,945.73 $363,766.39 $216,956.04 $117,666.69 $73,299.93 $49,461.25 $19,962.78 CAD SUPPLEMENTS & CORRECTIONS UNCOLLECTIBLE COLLECTIONS $4,557.06 $0.00 $125,033.73 ($290.26) $0.00 $639,418.94 $0.00 $0.00 $363,766.40 $0.00 $0.00 $216,956.04 $0.00 $0.00 $117,666.69 $0.00 $0.00 $73,299.93 $0.00 $0.00 $49,461.25 $0.00 $0.00 $19,962.78 EXEMPTIONS & TAX RATES TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 HOMESTEAD EXEMPTION 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% DISTRICT VALUES TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 LAND & IMPROVEMENTS 162,349,312 131,758,185 74,200,217 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 0 AG NET 7,348 8,296 8,296 8,675 7,123 14,370 28,690 27,010 M & 0 RATE 0.19600 0.18000 0.12000 0.17000 0.50000 0.50000 0.50000 0.50000 PERSONAL PROPERTY 141,635 140,373 120,621 608,274 617,829 909,670 309,850 0 DEBT SERVICE RATE 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 EXEMPTIONS 4,117,041 3,375,748 1,575,865 637,793 33,002 1,162,600 328,210 104,096 OUTSTANDING TAXES $904,444.50 $3,236.53 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $907,681.03 ROAD BOND DEBT RATE 0.45400 0.32000 0.38000 0.33000 0.00000 0.00000 0.00000 0.00000 TOTAL VALUE 158,381,254 128, 531,106 72,753,269 43,391,211 23,533,362 14,659,986 9,892,250 3,992,557 COLLECTIONS PERCENTAGE 12.15% 99.50% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% TOTAL RATE 0.65000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 0.50000 SR KR 19 19 57 57 77 77 95 95 103 103 112 112 109 109 105 105 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 MUNICIPAL TAX SERVICE,LLC BEGINNING BALANCE INCOME 10% Rendition Penalty ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 12/31/24 PROFIT & LOSS CURRENT MONTH 12101/24-12131/24 86,913.59 0.00 CAD Refund Excess Allotment 0.00 Collection Fee 0.00 Earned Interest 0.00 Overpayments 919.46 Penalty & Interest 23.81 Rollback Tax Collected 0.00 Taxes Collected 57,676.94 Total Income 58,620.21 EXPENSES Audit/Records 0.00 Bank Charges 0.00 Bond Premium 0.00 CAD Fees 2,177.25 Certificate of Value 0.00 Copies 69.80 Correction Roll Refunds 0.00 Correction Roll Rendition Refunds 0.00 Continuing Disclosure 0.00 Court Affidavits 0.00 Delinquent Tax Attorney Assistance 15.00 Delinquent Tax Attorney Fee 0.00 Estimate of Value 0.00 Financial Advisor Assistance 0.00 Unclaimed Property Report 0.00 Installment Tracking 15.00 Legal Notices (355.29) Mailing & Handling 830.83 Meeting Travel & Mileage 532.56 NSF, Reversals, Stop Pay 0.00 Overpayment Refund 0.00 Public Hearing 650.00 Records Retention 7.17 Research 0.00 Roll Update & Processing 0.00 Supplies 0.00 Tax Assessor Collector Fee - AB 870.80 Transfer to Rollback Collected 0.00 Transfer to Maintenance & Operating 0.00 Transfer to Road Debt Service 0.00 4,813.12 ENDING BALANCE 149,720,88 FISCAL YEAR 06101 /24 -12/31 /24 32,065.83 17.87 0.00 1,456.45 0.00 922.46 2,815.04 0.00 140, 900.78 146,112.60 175.00 0.00 50.00 6,099.25 175.00 486.00 1,296.72 0.00 0.00 0.00 105.00 1,456.45 450.00 0.00 60.00 90.00 355.29 907.40 1,597.68 0.00 0.00 650.00 28.73 0.00 393.75 124.09 6,095.60 0.00 16, 861.79 0.00 37,457.75 140.720.58 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 12/31/24 2024 October $29,332.52 November $38,258.69 December $57,442.52 January February March April May June July August September YEAR TO YEAR COMPARISON 2.85% 6.57% 12.15% �. 2023 $8,387.10 1.29% $37,614.24 7.11% $51,270.06 15.03% $491,405.97 91.00% $7,256.46 92.20% $20,422.12 95.37% $3,548.24 95.92% $8,644.27 97.26% $3,326.39 97.78% $4,045.86 98.40% $3,214.21 98.90% $3,212.97 99.40% MONTHLY COLLECTIONS 20241 20231 2022 $57,442.52 $234.42 $0.00 VARIANCE 1.56% - 0.54% - 2.88% 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 MUNICIPAL TAX SERVICE,LLC ROCK PRAIRIE MGT DIST NO. 2 FOR THE PERIOD ENDING 12/20/2024 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: $ 308,771.73 TYPE OF PLEDGED INVESTMENT: 01CBEW 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 January 2025. Rebecca Brewer Notary Public, State of Texas Notary ID #1258819 REBECCA BREWER My Notary ID # 1258819 Expires March 1, 2028 My Commission Expires March 1, 2028 2024 TAX RECEIPT ROCK PRAIRIE MANAGEMENT DISTRICT 2 AVIK BONNERJEE, TAX ASSESSOR/COLLECTOR 13333 NORTHWEST FREEWAY, SUITE 620 HOUSTON, TX 77040 • Hours: MON - THU 8 - 4 FRI 8 - 12 Web: WWW.BAMUNITAX.COM Owner Name and Address SANCHEZ DALE AARON & ELIZABETH CHRISTINE 825 DOUBLE MOUNTAIN RD COLLEGE STATION, TX 77845-2721 "RETURN SERVICE REQUESTED** Phone: 713-900-2680 Fax: 713-900-2685 Appraised Values Property Information Improvement HS 265,167 MIDTOWN RESERVE PH 104, BLOCKS, LOT35 Land HS 55,000 100% Assessed Value 320,167 Taxing Unit ROCK PRAIRIE MD NO. 2 Service Address DOUBLE MOUNTAIN RD IDisabled Vet 4 IDisabled Vet HS IF YOU ARE 65 YEARS OF AGE OR OLDER OR ARE DISABLED AND THE PROPERTY DESCRIBED IN THIS DOCUMENT IS YOUR RESIDENCE HOMESTEAD, YOU SHOULD CONTACT THE APPRAISAL DISTRICT REGARDING ANY ENTITLEMENT YOU MAY HAVE TO A POSTPONEMENT IN THE PAYMENT OF THESE TAXES. Payment Date 12/23/2024 Due Before Payment Paid By 2,003.09 CMS OVER PAYMENT AMT: «Ci iq -N c9)o�� Less Exemptions Jur No Stmt Date MD2 1/2/2025 Account No Delinquent Date 2/1 /2025 41380010460350 Receipt No 177 TAXES ARE DE UPON RECEIPT. TAXES WILL BECOME DELINQUENT AFTER January 31, 2025. PAYMENT MUST BE POSTMARKED BEFORE DELINQUENT DATE TO AVOID ADDITIONAL PENALTIES AND INTEREST. Taxes that remain delinquent on July 01, 2025 will incur an additional penalty to defray costs of collection per Section 33.07,33.08 and/or 33.11 of the Texas Property Tax Code. Please contact the Appraisal District concerning any corrections in appraised value, ownership, address changes or any application for exemptions. Brazos County Appraisal District www.brazoscad.org 979-774-4100 Year 2024 12023 12022 Alf 2021 j N/A N/A Appraised 320,167 334,756 74,661 26,952 N/A N/A Comparisons of the last six 16) years Taxable Rate Taxes 166,713 0.650000 1,083.63 322,756 0.500000 1,613.78 74,661 0.500000 373.30 26,952 0.500000 134.76 N/A N/A N/A N/A N/A N/A % Change between 2024 and 2021 1,087.92% I 518.56% I 30.00% I 704.12% Taxable Value % Change -32.85% 332.30% 177.01% N/A N/A N/A Tax Rate Tax Levy 153,454 166,713 0.650000 per $100 1,083.63 CAD Taxes Paid Penalties Paid 1,083.63 0.00 Current Taxes Due 1,083.63 Other P & I Paid Atty Fee Paid Paid Total Payment 0.00 0.00 0.00 2,003.09 Pa_ I.otas � ►3�g 2024 Paid in Full Total Paid 2,003.09 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 # 1/1/2025 MD2-246 Description Unit Count Rate Amount Avik Bonnerjee, RTA - Tax Assessor Collector Fee January 870.80 870.80 2025. 2024 Additional Unit Count Invoiced 2025 74 0.90 66.60 Thank you for your business. Total $937.40 I .o l-)-s GC 1519 13333 Northwest Freeway, Suite 620 • Houston, TX 77040 • PH:713-900-2680 • 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 # 1/1/2025 MD2-247 Description Unit Count Rate Copies 265 0.20 Postage, Mailing, and Handling (1) 0.91 Roll Update & Processing Hrs. (October & November 2024) 3.25 75.00 Statement Mailing & Handling: 3308 Quarterly Notices - 3rd 0.25 75.00 Qtr July -September 2024 Records Retention 2.54 Preparation of Delq. Atty. Electronic Files 15.00 Installment Agreement Tracking (November 2024) 15.00 Thank you for your business. Amount 53.00 0.91 243.75 18.75 2.54 15.00 15.00 Total $348.95 W I O l-cP-5 ta-0 13333 Northwest Freeway, Suite 620 • Houston, TX 77040 • PH:713-900-2680 ■ www.bamunitax.com MUNICIPAL TAX SERVICE,LLC TAX YEAR 2024 20231 20221 2021 2020 2019 2018 2017 DATE: M&ORATE 0.196000 0.180000 0.120000 0.170000 0.500000 0.500000 0.500000 0.500000 01/01/25 ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 12/31/24 PERCENTAGE 30.15% 36.00% 24.00% 34.00% 100% 100% 100% 100% PAID CHECK 434e Check Issued 13) MAINTENANCE & OPERATING COLLECTIONS $57,442.52 $234.42 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 goy PENALTIES & INTEREST $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 LESS CORRECTION ROLLS $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0,i. $0.00 LESS REVERSALS $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 LESS 0.00 TRANSFER $17,318.92 $84.39 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.-- $0.00 $17,403.31 poL I 1,3g J 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 ROCK PRAIRIE MANAGEMENT DISTRICT 2 FOR THE PERIOD ENDING 11/30/24 MUNICIPAL TAX SERVICE,LLC TAX YEAR 2024 2023 2022 2021 2020 2019 2018 2017 DATE. M & 0 RATE 0.196000 0.180000 0.120000 0.170000 0.500000 0.500000 0.500000' 0.500000 PERCENTAGE 30.15% 36.00% 24.00% 34.00% 100% 100% 100% 100% 1 MAINTENANCE & OPERATING COLLECTIONS $38,258.69 $179.93 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 12/01/24 PAID CHECK# CIL 139,1 PENALTIES & •INTEREST $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 LESS CORRECTION ROLLS $0.00 LESS REVERSALS $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00, $0.00 : _ $0.001- $0.00_ $0.00 $0.00 $0.00 $0.00 $0.00 TRANSFER $11,535.00 $64.78 $0.00 $0.00 _$0.00 $0.00 $0.00 $0.00 0.00 LESS $0.-- $0.00 $11,599.76 o 1.a4- l3a 1 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 Jurisdicf,,ian: MD2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Page 1 Delinquent Tax Roll 1/2/2025 As of 12/31/2024 1:54 PM Account No/Name/Address Cad No/Property Descr. 41380010550210 00000043521i Over65 No PINTO JOHN & LAURA H MIDTOWN RESERVE PH 105, BLOCK 5, LOT 21 Veteran No 843 MINERAL WELLS LN Installment Code N COLLEGE STATION, TX 77845-2167 Year Stmt Date Delp Date Code 2023 10/17/2023 2/1/2024 41380010670120 BAJAJ RAHUL 18911 STEEP STEP TRL CYPRESS, TX 77433-7013 MINERAL WELLS LN Due Dec, 2024 Due Jan. 2025 Due Feb, 2025 Taxes Penalties Payments Del. P&I Due Del. P&I Due Del. P&1 Due 1,612.58 0.00 0.00 767.58 2,380.16 786.94 2,399.52 806.28 2,418.86 444298 MIDTOWN RESERVE PH 106, BLOCK 7, LOT 12 LADY BIRD LN Over65 No Veteran No Installment Code N Due Dec, 2024 Due Jan, 2025 Due Feb, 2025 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 0.00 104.56 324.23 107.20 326.87 109.84 329.51 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 AMISTAD LOOP Over65 No Veteran No Installment Code N Due Dec, 2024 Due Jan. 2025 Due Feb, 2025 Year Stmt Date Deq Date Code Taxes Penalties Payments Del. P8I Due Del. P81 Due Del. P&I Due 2023 10/17/2023 2/1/2024 1,404.28 0.00 0.00 668.43 2,072.71 685.29 2,089.57 702.14 2,106.42 Report Prepared by B&A Municipal Tax www.bamunitax.com Jurisdict'on: MD2 al f. F, 1 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 Page 2 Delinquent Tax Roll 1/2/2025 As of 12/31/2024 1:54 PM Account No/Name/Address Cad No/Property Descr. JurFsdiction Totals (excludes Rollback Accounts) Year Tax Lew Base Taxes Due Penalties Due Del. P&I Due Attv Fee Due Escrow Amt Total Due Count % Collected 2017 19,962.78 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2018 49,461.25 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2019 73,299.93 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2020 117,666.69 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2021 216,956.04 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2022 366,348.24 0.00 0.00 0.00 0.00 0.00 0.00 0 100.00% 2023 642,655.47 3,236.53 0.00 744.39 796.18 0.00 4,777.10 3 99.50% 2024 1,029,478.23 904 444.50 32.95 0.00 0.00 0.00 904 477.45 392 12.15% 901,681.03 32.95 744.39 796.18 0 00 909,254.55 395 Report Prepared by B&A Municipal Tax www.bamunitax.com Exhibit C RESOLUTION CONCERNING EXEMPTIONS FROM TAXATION WHEREAS, the laws of the State of Texas provide, under certain circumstances, for the exemption of a portion of the value of residence homesteads from ad valorem taxation; and WHEREAS, the Board of Directors of ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 (the "District") has considered the various exemptions which may be granted. Now, Therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 THAT: Section 1: For the tax year 2025, the Board of Directors has considered and has decided not to exempt from ad valorem taxation by the District any portion of the appraised value of residence homesteads of individuals who are under a disability for purposes of payment of disability insurance benefits under Federal Old -Age, Survivors, and Disability Insurance or are sixty-five (65) years of age or older, as authorized by, and in accordance with the provisions of, Article 8, Section 1-b (b), Texas Constitution, as amended, and Section 11.13 of the Tax Code, as amended. Section 2: For the tax year 2025, the Board of Directors has considered and has decided not to adopt a general residential homestead exemption as authorized by Article 8, Section 1-b(e), Texas Constitution, as amended, and Section 11.13 of the Tax Code, as amended. Section 3: This Resolution constitutes official action by the Board of Directors of the District concerning the foregoing tax exemptions. [REMAINDER OF PAGE DITENTIONALLYLEFT BLANK] 460128v16 PASSED AND ADOPTED this the 9th day of January, 2025. ATTEST: Secretary, Board of Directors (SEAL) --A\r( President, Board of Directors 2 460128v16 Exhibit D RESOLUTION AUTHORIZING AN ADDITIONAL PENALTY ON DELINOUENT PERSONAL PROPERTY TAXES WHEREAS, the Board of Directors of Rock Prairie Management District No. 2 (the "District") is desirous of defraying the costs of collection of delinquent taxes; and WHEREAS, the District has contracted with an attorney for collection of delinquent taxes as set forth in Section 6.30 of V.T.C.A. Tax Code, as amended ("Tax Code"); and WHEREAS, Section 33.11 of the Tax Code, as amended, provides that, if the District has contracted with an attorney under Section 6.30 of the Tax Code, as amended, for collection of the District's delinquent taxes, the District may impose an additional penalty not to exceed the amount of the compensation specified in the contract with the attorney to be paid in connection with the collection of the delinquent personal property taxes on personal property taxes that become delinquent on or after February 1 of a year and that remain delinquent sixty (60) days after the date on which they become delinquent; and WHEREAS, said Section 33.11 provides that said penalty shall not exceed the amount of compensation specified in the contract with the above -described attorney; and WHEREAS, said contract specifies compensation in the amount of twenty percent (20%) of the amount of delinquent tax, penalty and interest collected; Therefore, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 THAT: Section 1. The District has entered into a contract with an attorney pursuant to Section 6.30 and in accordance with Section 33.11 of the Tax Code, as amended, for the collection of delinquent taxes, penalty and interest. Section 2. District taxes on personal property that become delinquent on or after February 1 of a year and that remain delinquent sixty (60) days after said date shall incur an additional penalty of twenty percent (20%) on the amount of such personal property taxes, penalty and interest to defray the costs of collection of said delinquent taxes, in accordance with Section 33.11 of the Tax Code, as amended. Section 3. The District's tax collector shall deliver a notice of delinquency and of the penalty imposed pursuant to Section 2 above to the property owner at least thirty (30) and not more than sixty (60) days before the date on which the penalty will be incurred in the manner required by Section 33.11 of the Tax Code, as amended. Section 4. Delinquent personal property taxes which incur the penalty set forth in this Resolution shall not be subject to an additional penalty under Section 33.07 of the Tax Code, as amended, it being found and declared by the Board of Directors of the District that the penalty hereunder is an alternative to the authority of said Section 33.07. PASSED AND ADOPTED this the 9th day of January, 2025. ATTEST: By: Secretary, Board of Directors (SEAL) 2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: President, Board of Directors 508366v13 Exhibit E RESOLUTION AUTHORIZING REQUEST TO BRAZOS CENTRAL APPRAISAL DISTRICT FOR APPRAISAL OF PROPERTY WHEREAS, the Board of Directors of Rock Prairie Management District No. 2 (the "District") is considering the issuance of bonds of the District; and WHEREAS, the District now requires an estimate of appraised value for properties located within the boundaries of the District as of January 1, 2025; and WHEREAS, Chapter 25, Section 25.18 of the Texas Tax Code ("Code"), as amended, provides that a taxing unit by resolution adopted by its governing body may require the appraisal office to appraise all property within the unit as of a date specified in the resolution. Now, Therefore; BE IT RESOLVED BY THE BOARD OF DIRECTORS OF ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2, THAT: Section 1: The District hereby requests that the Brazos Central Appraisal District conduct an appraisal of property located within the boundaries of the District as of January 1, 2025. Section 2: The District be provided with five (5) copies of such estimate of appraised value as of January 1, 2025, certified by the chief appraiser of said appraisal district. Section 3: The District be provided with such certificate of assessed value as of January 1, 2025, on or before thirty (30) days from the date of receipt hereof in accordance with Section 25.18(c) of the Code. Section 4: The District be charged with all costs incurred by said appraisal district in conducting the appraisal herein requested. [SIGNATURE PAGE FOLLOWS] 573559v9 PASSED AND ADOPTED this 9th day of January, 2025. ATTEST: By: Secretary, of Directors (SEAL) • rrp 00111 11111111►►►/ illllllllllll ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: President, Board of Directors 573559v9 Exhibit F EHRA ENGINEERING THE FUTURE SINCE 1936 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 ENGINEERING REPORT JANUARY 2025 9. 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 on hold for the projects. 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. Midtown Reserve Subdivision Phase 113 was advertised for bids. The bids were opened on November 26, 2024. A Contract Recommendation Letter was prepared for Greens Prairie Investors, Ltd. In the amount of $1,360,297.29 and a contract time of 180 calendar days. Board Action: Award Contract to Greens Prairie Investors, Ltd. 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: Board Action: None 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, including: e. Status of acceptance by the City of College Station, Texas for maintenance of streets. The City of College Station has accepted the streets for maintenance for Midtown Reserve Subdivision Phase 110 and Midtown City Center Phase 111. EHRA Engineering 110011 Meadowglen Lane 1 Houston, Texas 77042 t 713.784.4500 f 713.784.4577 REAL ZING J IONS • DES GNING CCM1v1U.NITiES • ENGIE.EERING T-IE ,T,,RE • -- EHRAinc I cm EHRA ENGINE THE FUTURE SINCE 1936 January 6, 2025 Board of Directors Rock Prairie Management District No. 2 c/o Schwartz, Page & Harding, LLP 1300 Post Oak Boulevard, Suite 1400 Houston, Texas 77056 Re: Rock Prairie Management District No. 2 Midtown Reserve Subdivision Phase 113 Contract Recommendation Letter Dear Directors: TBPE No. F-726 TBPLS No. 10092300 We have reviewed and tabulated the bid received on Tuesday, November 26, 2024, for the above -referenced project. The bidder is Greens Prairie Investors, Ltd. in the amount of $1,360,297.29. There has been satisfactory past experience and work history of similar projects with Greens Prairie Investors, Ltd. We, therefore, have no objection to recommending the contract for this project be awarded to Greens Prairie Investors, Ltd. for the aforementioned amount, contingent upon approval of bonds and certificate of insurance. Enclosed, for your review, is a copy of the Unit Bid Tabulation for this project. If you should have any questions or require any additional information, please do not hesitate to contact the undersigned at 713-784- 4500. Sincerely, Tau der Tim Hodes, P.E. Practice Area Leader — Construction Phase Services TH/mh cc: Rock Prairie Management District No. 2 — c/o Schwartz, Page & Harding, LLP Texas Commission on Environmental Quality — Region 12 College Station Downtown Residential Mr. Joe Schultz, P.E. — Schultz Engineering Robert D. Atkinson, Jr., P.E. — Firm EHRA Engineering 10011 Meadowglen Lane Houston, Texas 77042 j t713.784.4500 j 1713.784.4577 WWW.EHRA. tea m Page 1 of 7 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MIDTOWN RESERVE SUBDIVISION PHASE 113 UNIT BID TABULATION GREENS PRAIRIE INVESTORS, LTD ITEM DESCRIPTION UNIT QUANTITY BIDDER NO. 1 UNIT PRICE AMOUNT GENERAL ITEMS 1 Mobilization, Overhead and Construction Staking LS 1 $140,000.00 $140,000.00 2 College Station Development Permit Allowance LS 1 $24,667.79 $24,667.79 3 As -Built Topographical Survey LS 1 $5,000.00 $5,000.00 4 Fine Grading, Topsoil Removal and Replacement, LS 1 $14,000.00 $14,000.00 complete in place 5 Pavement Striping and Markings, complete in place LS 1 $2,000.00 $2,000.00 6 Dual Street Name Sign (as per plat; furnish and install, EA 2 $1,000.00 $2,000.00 complete in place) 7 Stop Sign (as per plat; furnish and install, complete in EA 4 $500.00 $2,000.00 place) Erosion & Sediment Control - SWPPP Compliance (performing project site inspections, completing inspection reports, filing notices, posting permins) 8 NOI, Implementation & Maintenance, Silt Fence, LS Construction Exit, Rock Filter Dam, Storm Drain Inlet Protection, Removal of Silt Fence, Concrete Truck Washout Area etc., complete in place 1 $20,000.00 $20,000.00 Seeding and Fertilizer Application for Disturbed Areas 9 per specification 32 92 13 and establishment of grass, SY 20,000 $0.40 $8,000.00 complete in place Hydroseed and Hydromulch and Fertilizer per 10 specification BCS 32 92 13 and establishment of grass. SY 5,000 $0.80 $4,000.00 complete in place 11 Demolish Existing Headwall LS 1 $5,000.00 $5,000.00 TOTAL GENERAL ITEMS: $226,667.79 Edminser, l-r +haw, Rum and Associates. Inc P.\151-061;_17\CPS \hfidtown Ph 113\Contract Dom \Aw ,d\Unit Hid Tab1dmion - hrldtown Phase 113 Page 1 of 6 Document Ref: CIOBF-BNWCA YIKJI•U6PFW Page 2 of 7 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MIDTOWN RESERVE SUBDIVISION PHASE 113 UNIT BID TABULATION GREENS PRAIRIE INVESTORS, LTD ITEM DESCRIPTION UNIT QUANTITY BIDDER NO. 1 UNIT PRICE AMOUNT STREET CONSTRUCTION ITEMS 12 Roadway, Right -of -Way and Lot Excavation and LS 1 $30,000.00 $30,000.00 Grading per the Construction Plans (complete in place) 13 6-Inch Stabilized Subgrade Preparation (famish and SY 5,920 $5.00 $29,600.00 install, complete in place) 14 Type "B" Lime (27 lb/sy for 6" deep, 36 Ib/sy for 8" TON 80 $500.00 $40,000.00 deep, complete in place) 15 6" Reinforced Concrete Pavement w/Curb (furnish and SY 5,225 $65.00 $339,625.00 install, complete in place) 16 ADA Ramps - With Detectable Warning Surfaces (as EA 8 $1,000.00 $8,000.00 per plans, furnish and install, complete in place) 17 4-Inch Reinforced Concrete Sidewalk and Ramps SF 18,300 $6.00 $109,800.00 (furnish and install, complete in place) TOTAL STREET CONSTRUCTION ITEMS: $557,025.00 STORM SEWER CONSTRUCTION ITEMS 18 42-Inch RCP Pipe with Structural Bedding and LF 104 $250.00 $26,000.00 Backfill (furnish and install, complete in place) 19 42-Inch HDPE Pipe with Structural Bedding and LF 241 $155.00 $37,355.00 Backfill (furnish and install, complete in place) 20 36-Inch HDPE Pipe with Structural Bedding and 127 $180.00 $22,860.00 Backfill (famish and install, complete in place) 21 30-Inch RCP Pipe with Structural Bedding and LF 128 $140.00 $17,920.00 Backfill (furnish and install, complete in place) 22 24-1nch RCP Pipe with Structural Bedding and LF 7 $125.00 $875.00 Backfill (furnish and install, complete in place) 23 24-Inch Class IV RCP Pipe with Structural Bedding LF 31 $140.00 $4,340.00 and Backfill (furnish and install, complete in place) Edminster, Hinshaw, Russ and Maude., Inc. P:\ I51-065-17\CPS\M 1dtown Ph 113\Comract Does \Award\Unit Bid Tabulation - Midtown Phase 113 Page2of6 Oacurnent Ret C)O9F BNWCPEYPK,54JSPFiN Page 3 of 7 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MIDTOWN RESERVE SUBDIVISION PHASE 113 UNIT BID TABULATION GREENS PRAIRIE INVESTORS, LTD ITEM DESCRIPTION UNIT QUANTITY BIDDER NO. 1 UNIT PRICE AMOUNT 24 24-Inch HDPE Pipe with Structural Bedding and LF 6 $115.00 $690.00 Backfill (famish and install, complete in place) 25 18-Inch RCP Pipe with Structural Bedding and LF 62 $100.00 $6,200.00 Backfill (furnish and install, complete in place) Standard 15' Wide Recessed Storm Sewer Curb Inlet 26 (per City of College Station Details; furnish and install, EA 2 $8,500.00 $17,000.00 complete in place) Standard 10' Wide Recessed Storm Sewer Curb Inlet 27 (per City of College Station Details; furnish and install, EA 4 $6,500.00 $26,000.00 complete in place) Standard 5' Wide Recessed Storm Sewer Curb Inlet 28 (per City of College Station Details; furnish and install, EA 1 $5,000.00 $5,000.00 complete in place) 4-Foot x 4-Foot Junction Box (furnish and install, complete in place) 8-Foot x 5-Foot Junction Box (furnish and install, complete in place) 31 5-Foot x 5-Foot Junction Box (furnish and install, EA 1 $6,000.00 $6,000.00 complete in place) 32 Trench Safety (complete in place) LF 706 $2.00 $1,412.00 33 Television Inspection of Storm Sewer System (per LF 706 $5.00 $3,530.00 B/CS United Technical Specifications) 29 30 EA 1 $5,500.00 $5,500.00 EA 1 $8,000.00 $8,000.00 TOTAL STORM SEWER CONSTRUCTION $188,682.00 WATER CONSTRUCTION ITEMS 8-Inch AWWA C-900 PVC Pipe (furnish and install, 34 including thrust blocking and appurtenances with LF 98 $80.00 $7,840.00 structural bedding and backfill, complete in place) 6-Inch AWWA C-900 PVC Pipe (furnish and install, 35 including thrust blocking and appurtenances with LF 1355 $70.00 $94,850.00 structural bedding and backfill, complete in place) Edminster, Hinshaw, Russ and Associates, Inc P.\ 151-0G�17\CPS \Midtown Ph 113\Contract Does \Award\Unit Bid Tabuladon - Midtown Phase 113 Page3of6 8aitm nt,iw G[CJ9F-etOcA,.Y stp- i6PFw Page 4 of 7 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MIDTOWN RESERVE SUBDIVISION PHASE 113 UNIT BID TABULATION GREENS PRAIRIE INVESTORS, LTD ITEM DESCRIPTION UNIT QUANTITY BIDDER NO. 1 UNIT PRICE AMOUNT Standard City of College Station Fire Hydrant wi 36 vertical extension (furnish and install, complete in EA 1 $5,000.00 $5,000.00 place) 37 8-Inch x 6-Inch M.J. Cross (famish and install, EA 1 $1,000.00 $1,000.00 complete in place) 38 8-Inch x 6-Inch M.J. Reducer (furnish and install, EA 1 complete in place) $1,000.00 $1,000.00 39 6-Inch x 6-Inch M.J. Tee (fu mish and install, complete EA 1 in place) $1,000.00 $1,000.00 40 8-Inch M.J. Gate Valve and Box (famish and install, EA 1 complete in place) $2,000.00 $2,000.00 41 6-Inch M.J. Gate Valve and Box (furnish and install, complete in place) EA 2 $1,500.00 $3,000.00 42 8-Inch x 45° M.J. Bend (fitrnish and install, complete EA 4 $1,000.00 $4,000.00 in place) 43 6-Inch x 45° M.J. Bend (furnish and install, complete EA 4 $1,000.00 $4,000.00 in place) 6-Inch x 11.25° M.J. Bend (fianish and install, EA 1 complete in place) $1,000.00 $1,000.00 45 1.5-Inch Water Service on 6-Inch Line, < 15 ft; avg EA 12 $2,500.00 $30,000.00 Iength = 2 ft (furnish and install, complete in place) 46 1.5-Inch Water Service on 6-Inch Line, > 15 ft; avg EA 10 $3,500.00 $35,000.00 length = 48 ft (furnish and install, complete in place) 47 1-Inch Water Service on 6-Inch Line, < 15 ft; a\8 EA 2 $1,500.00 $3,000.00 length = 2 ft (famish and install, complete in place) 48 1-Inch Water Service on 6-Inch Line, > 15 ft; avg EA 4 $2,400.00 $9,600.00 length = 48 ft (famish and install, complete in place) 49 Connect to Existing 8-Inch Water Line EA 1 $2,000.00 $2,000.00 50 Connect to Existing 6-Inch Water Line EA 3 $2,000.00 $6,000.00 51 Trench Safety (complete in place) LF 1453 $1.00 $1,453.00 52 Waterline Testing LS 1 $2,000.00 $2,000.00 TOTAL WATER CONSTRUCTION ITEMS: 5213,743.00 Edminster, Hinshaw, Russ and Associates, Inc. P.\ 151-06l-17\CPS\Midtown Ph 113\Contract Does \ Award \Unit Bid Tabulation - Midtown Phase 113 Page 4 of 6 Document Ref CI09F-BNWCA-? KJt.U6PFW Page 5 of ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MIDTOWN RESERVE SUBDIVISION PHASE 113 UNIT BID TABULATION GREENS PRAIRIE INVESTORS, LTD ITEM DESCRIPTION UNIT QUANTITY BIDDER NO. 1 UNIT PRICE AMOUNT SANITARY SEWER CONSTRUCTION ITEMS 6-inch D3034, SDR 26, PVC Pipe Sanitary Sewer 53 with Structural Bedding and Backfill (all depths, LF 989 $70.00 $69,230.00 furnish and install, complete in place) 6-Inch ASTM 2241, PVC Pipe Sanitary Sewer with 54 Structural Bedding and Backfill (all depths, furnish LF 20 $80.00 $1,600.00 and install, complete in place) 55 Complete 4-Inch Single Sewer Service (avg length = EA 2 $2,000.00 $4,000.00 ft; furnish and install, complete in place) 56 4-Inch Double Sewer Service (avg length = 4 ft; EA 12 $2,200.00 $26,400.00 furnish and install, complete in place) 57 4-Inch Single Sewer Service (avg length = 48 f ; EA 2 $2,400.00 $4,800.00 furnish and install, complete in place) 58 4-Inch Double Sewer Service (avg length = 48 t: EA 12 $2,800.00 $33,600.00 furnish and install, complete in place) 59 Remove Cap and Conncet to Existing Line (compieie EA l $1,500.00 $1,500.00 in place) Standard City of College Station 4-Foot Diameter 60 Sanitary Sewer Pre -Cast Manhole with Outside Drop EA 5 $5,500.00 $27,500.00 (furnish and install, complete in place) 61 Trench Safety (complete in place) LF 1,009 $2.00 $2,018.00 62 Television Inspection of Storm Sewer System (per BICS United Technical Specifications) LF 1,009 $3.50 $3,531.50 TOTAL SANITARY SEWER CONSTRUCTION ITEMS: $174,179.50 Edminster, Hinshaw. Russ and Asanciates, Inc. P.\ 151-068-17\CPS \MLdtown Ph 113\Contract Doc \Awa d\Unit Bid Tahuladon - Midtown Phase 113 Page 5 of 6 Document Ref- C109F-BNWCA-YIK.11-U6PFVY Page 6 of 7 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 MIDTOWN RESERVE SUBDIVISION PHASE 113 UNIT BID TABULATION GREENS PRAIRIE INVESTORS, LTD ITEM DESCRIPTION UNIT QUANTITY BIDDER NO. 1 UNIT PRICE AMOUNT BID SUMMARY 1 GENERAL ITEMS 2 STREET CONSTRUCTION ITEMS 3 STORM SEWER CONSTRUCTION ITEMS 4 WATER CONSTRUCTION ITEMS 5 SANITARY SEWER CONSTRUCTION ITEMS TOTAL AMOUNT BID: CALENDAR DAYS Edminster. Hinshaw, Russ and Associales, Inc P:\151-06B-17\CPS\Midmwn Ph 113\Coruna Dacs\Award \ Unit Bd Tabulation-1sTdrown Phase 113 $226,667.79 $557,025.00 $188,682.00 $213,743.00 $174,179.50 $1,360,297.29 180 Page 6 of 6 opoii60 0.00E-O*Oc O-06PffW Page 7 of 7 Exhibit G ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 1300 Post Oak Blvd., Suite 2400 Houston, Texas 77056 , 2025 Public Finance Authority 22 E. Mifflin Street, Suite 900 Madison, WI 53703 Re: Public Finance Authority Texas Infrastructure Program Tax -Exempt Revenue Anticipation Bonds (Midtown Project), Series 2025 Ladies and Gentlemen: Rock Prairie Management District No. 2, a political subdivision of the State of Texas (the "District") has been informed that the Public Finance Authority (the "PFA"), proposes to issue its tax-exempt revenue anticipation bonds in the aggregate principal amount not to exceed $ (the "Bonds"), the proceeds of which will finance municipal utility district projects located within the District in Brazos County, Texas, consisting of the design, construction and acquisition of certain public infrastructure improvements including water, sewer, and drainage facilities, and road facilities to be located partially or fully within the boundaries of the District, and owned by the District or another governmental entity (the "Midtown Project"). The Midtown Project is being constructed pursuant to that certain (i) Utility Development Agreement (Water, Sanitary Sewer and Drainage Improvements) dated August 18, 2015, by and between the District and College Station Town Center, Inc., a Texas corporation (the "Developer") (previously known as College Station Town Center, L.P.), as amended by that Amendment to Utility Development Agreement (Water, Sanitary Sewer and Drainage Improvements) dated February 15, 2018, (ii) Utility Development Agreement (Road Facilities) dated August 18, 2015, by and between the District and the Developer (previously known as College Station Town Center, L.P.), as amended by that Amendment to Utility Development Agreement (Road Facilities) dated February 15, 2018, (iii) Amended and Restated Utility Development Agreement (Water, Sanitary Sewer and Drainage Improvements) dated January 12, 2023, by and between the District and College Station Downtown Residential, LLC ("CSDR"), as such receivables are assigned by CSDR to the Developer pursuant to that Collateral Assignment of Utility Development Agreement Proceeds dated as of , 2025 (the "Collateral Assignment"), and (iv) Amended and Restated Utility Development Agreement (Road Facilities) dated January 12, 2023, by and between the District and CSDR, as such receivables are assigned by CSDR to the Developer pursuant to the Collateral Agreement (collectively, the "Development Agreements"), pursuant to which the Developer agreed to construct the Project, and the District agreed to issue bonds (the "District Bonds") the proceeds of which would be paid to the Developer, subject to the terms and conditions of the Development Agreements, as reimbursement for payments made for the benefit of the District to construct eligible public infrastructure costs of the Project to be owned by the District or another governmental entity. 4163-3562-0180.3 758457v2 The District has been informed that the Bonds that are anticipated to be sold will be secured by the sale and assignment of the Developer's right to receive the future proceeds from the sale of certain District Bonds otherwise payable to the Developer pursuant to the terms of the Development Agreements. The District has been further informed that Section 66.0304(11)(a) of the Wisconsin Statutes provides the PFA may not issue bonds to finance a capital improvement project unless the governing body, or the highest ranking executive or administrator, of a political subdivision (defined to include any city, village, town, county, district, authority, agency, commission, or other similar governmental entity in another state or office, department, authority, or agency of such other state or territory of the United States) within whose boundaries the project is to be located, has approved the financing of the project. Compliance by the District with Section 66.0304(11)(a) of the Act does not constitute an endorsement of the Bonds or the Project by the District, or a commitment by the District, or any other governmental body, to provide any other approvals that may be required in connection with the Project, or an undertaking of any responsibility of any kind with respect to the Bonds. The potential benefits to the District from the proposed Project include the development of public infrastructure that will allow for access to new development that will increase the District's tax base including increased real property tax revenues. As the [President] of the District, I am the highest-ranking executive of the District. Solely for purposes of satisfying the requirements of Section 66.0304(11)(a) of the Wisconsin Statutes, I hereby provide this letter as evidence of approval of the above -described financing by the District, but in no other way provide any opinion or endorsement with respect to the issuance of the Bonds. This letter does not constitute a commitment by the District, or any other governmental body, to provide any other approvals that may be required in connection with the above -described Project, or an undertaking of any responsibility of any kind with respect to the Bonds. This letter shall not be referred to in connection with the marketing and sale of the Bonds. [Signature Page Follows] 4163-3562-0180.3 758457v2 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: Uri Geva President, Board of Directors [District Signature Page to PFA Approval Letter] 4163-3562-0180.3 758457v2 DISTRICT CERTIFICATE Public Finance Authority 22 E. Mifflin Street, Suite 900 Madison, WI 53703 I, the undersigned President of the Board of Directors of Rock Prairie Management District No. 2 (the "District"), hereby execute and deliver this certificate to the addressee, at the request of the Developer (as defined below), in connection with the issuance of the Public Finance Authority, Texas Infrastructure Program Tax -Exempt Revenue Anticipation Bonds (Midtown Project), Series 2025. To the best of the District's actual knowledge, without having conducted any investigation as to the matter, as of the date hereof, I state the following: 1) The District is a duly organized and validly existing municipal management district operating pursuant to the provisions of Article XVI, Section 59, and Article III, Section 52, of the Texas Constitution, and Chapter 3909, Texas Special District Local Laws Code, Chapter 49, Texas Water Code, and Chapter 375, Texas Local Government Code. 2) On November 3, 2015, the District held an election for the purpose, among others, of authorizing the issuance of certain bonds of the District. The table below sets forth the amounts authorized at such election and the amounts issued to date from such authorizations: Purpose Total Amount Total Issued Authorized But Authorized Unissued Road Facilities $106,600,000 $10,900,000 $95,700,000 Water, Sewer, and $71,400,000 $0 $71,400,000 Drainage Facilities 3) The District has held no elections to authorize debt other than the election (the "Election") referenced in paragraph 2 above. 4) The voter authorization received at the Election has not been cancelled or otherwise terminated, and the amounts listed in paragraph 2 above under "Authorized But Unissued" remain valid as of the date hereof. The District has not excluded any land from its boundaries since the date of the Election. 5) As of the date hereof, the District has entered into one or more reimbursement agreements with (a) College Station Town Center, Inc. ("Developer") and/or (b) other developers or homebuilders, the right to receive reimbursement under which have been assigned to Developer and acknowledged to by the District (collectively, "Reimbursement Agreements") as follows: a. Utility Development Agreement (Water, Sanitary Sewer and Drainage Improvements) dated effective August 18, 2015, as amended effective February 15, 2018, between the Developer and the District ("WSD UDA"); b. Utility Development Agreement (Road Facilities) dated effective August 18, 2015, as amended effective February 15, 2018, between the Developer and the District ("Road UDA"); c. Amended and Restated Utility Development Agreement (Water, Sanitary Sewer and Drainage Improvements) dated January 12, 2023, but effective as of December 14, 2017, between 755227v3 College Station Downtown Residential, LLC ("CSDR LLC") and the District ("CSDR LLC WSD UDA"), and d. Amended and Restated Utility Development Agreement (Road Facilities) dated January 12, 2023, but effective as of December 14, 2017, between CSDR LLC and the District ("CSDR LLC Road UDA"). 6) To the actual knowledge of the undersigned, without having conducted any investigation as to the matter, as of the date hereof: (i) the parties to the Reimbursement Agreements are not in default under the terms of the Reimbursement Agreements, and (ii) there is no litigation pending or threatened against the District questioning the corporate existence or boundaries of the District or which would impact the District's ability to perform its obligations under the Reimbursement Agreements. 7) In addition to the assignment by Developer in favor of the Public Finance Authority under the Sale and Assignment Agreement, dated , 2025 (the "TIP Assignment"), the District has received notice of the following assignments of the above -referenced Reimbursement Agreements (collectively, "Other Assignments"): a. Pledge and Collateral Assignment from the Developer to Origin Bank dated March 5, 2021, with respect to the WSD UDA and the Road UDA. b. Collateral Assignment of Utility Development Agreement Proceeds from CSDR LLC to Developer dated February 14, 2025, with respect to the CSDR LLC WSD UDA; and c. Collateral Assignment of Utility Development Agreement Proceeds from CSDR LLC to Developer dated February 14, 2025, with respect to the CSDR LLC Road UDA. Other than the assignments under the Other Assignments and the TIP Assignment, the District has not received any notice of assignment of amounts due and payable to the Developer under the Reimbursement Agreements. 8) To the actual knowledge of the undersigned, without having conducted any investigation as to the matter, as of the date hereof, the District has complied in all material respects with any terms and conditions imposed by the City of College Station, Texas, in its consent to the creation of the District. [Execution page follows] 755227v3 This District Certificate is executed as of , 2025. ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: Uri Geva President, Board of Directors 755227v3 ACKNOWLEDGMENT AND CONSENT TO SALE AND ASSIGNMENT AGREEMENT College Station Town Center, Inc. Rock Prairie Management District No. 2 (the "District") is delivering this document with respect to the issuance of the Public Finance Authority Texas Infrastructure Program Tax -Exempt Revenue Anticipation Capital Appreciation Bonds (Midtown Project), Series 2025 (the "Bonds"). Terms not otherwise defined herein have the meaning ascribed thereto in the foregoing Sale and Assignment Agreement (the "Sale Agreement"). Subject to issuance of the Bonds, the District hereby: (i) consents to the sale and assignment by the Developer of the Reimbursement; (ii) agrees that, (A) pursuant to the sale and assignment of the Reimbursement under the Sale Agreement and as directed by the Developer, it will pay any moneys due to the Developer under the Reimbursement Agreement relating to the Reimbursement directly to the Trustee, as assignee of the Issuer, until such time as the District is otherwise notified in writing by TIP Management Company LLC; provided, however, that the District shall have the unqualified right, without incurring any liability to the Issuer, the Trustee, Developer, or any of their respective successor and assigns, or any deemed third party beneficiaries of the payment of the Reimbursement to Trustee, to interplead the Reimbursement (or any portion thereof) into the registry of a court with jurisdiction in the event there are competing claims, disputes, protests, challenges, or similar matters asserted by any person or entity concerning or related to the Reimbursement, or any portion thereof, or the payment of such Reimbursement to Trustee (as the assignee of the Issuer), and (B) only to the extent required by law and the provisions of the Reimbursement Agreement, the obligation of the District to reimburse Developer under the Reimbursement Agreement shall survive the termination of the Reimbursement Agreement for any Public Infrastructure authorized under the Reimbursement Agreement that is constructed, acquired, equipped or otherwise provided by Developer or others and accepted by the District. The foregoing provisions shall not be construed to obligate the District to issue its bonds or to otherwise pay any monies to the Trustee which the District is not otherwise legally obligated to pay upon termination of the Reimbursement Agreement; (iii) agrees that Developer's right to Reimbursement under the Reimbursement Agreement, as assigned hereunder, shall have priority over and be senior to reimbursement owed to any other entity or person under said Reimbursement Agreement, other than as specifically set forth in the Reimbursement Agreements; and (iv) represents and certifies that as of the date hereof it reasonably expects that (A) the Public Infrastructure authorized under the Reimbursement Agreement that is funded by the Developer or others pursuant to the Reimbursement Agreement and accepted by the District will be owned, operated, and maintained by the City of College Station, Texas, the District or other political subdivisions of the State of Texas; (B) the Public Infrastructure authorized under the Reimbursement Agreement that is funded by the Developer or others and accepted by the District will serve customers within the District; (C) other than (1) contracts or arrangements with a political subdivision of the State of Texas or (2) contracts or arrangements with another "Service Provider," which contracts or arrangements are described by Treasury Regulation 1.141- 4140-0352-1620.4 755229v5 3(b)(4)(iii)(C) or meet the requirements of Revenue Procedure 2017-13, the District has not entered and will not enter into any contract or arrangement to operate, maintain and/or lease any portion of the Public Infrastructure authorized under the Reimbursement Agreement that is funded by Developer or others pursuant to the Reimbursement Agreement and accepted by the District; and (D) the District will not authorize any agreement or use of the Public Infrastructure authorized under the Reimbursement Agreement that is funded by the Developer or others pursuant to the Reimbursement Agreement and accepted by the District that will cause the Bonds to meet the "private business tests" as such term is defined in Section 1.141-1(b) of the Internal Revenue Code of 1986. The District expressly disclaims any representation or certification relating to the ownership, operation, maintenance or use of any portion of the Project prior to its conveyance to the District, as may be applicable, for any Project facilities that are not Public Infrastructure accepted by the District, or for any portion of the Project after its conveyance to other entities Nothing herein shall be construed to limit the District's ability to issue bonds to finance District water, sewer, drainage or road infrastructure improvements without developer funding, or with funding by developers other than Developer, that may be necessary to serve lands within the District. By its execution of this Acknowledgment, the District disclaims any representations as to (i) the validity of the Sale Agreement, and (ii) whether Issuer and/or Developer have satisfied the terms and conditions set forth in the Reimbursement Agreement which must be satisfied prior to the accrual of the District's obligation to pay any sum or sums due, or to become due, under the Reimbursement Agreement. The District expressly disclaims any acknowledgment or approval of (i) the terms of any instruments relating to the sale or issuance of the Bonds, including but not limited to the Indenture, (ii) the terms of the Program Agreement and (iii) the content of any offering documents or private placement memoranda relating to the sale of the Bonds, and the District shall have no responsibility whatsoever therefor. The District further disclaims any representation as to any federal, state, or local tax consequences resulting from the ownership of, receipt or accrual of interest on, or disposition of the Bonds. The District expressly disclaims any representation as to the excludability from gross income of interest on the Bonds for federal income tax purposes. Notwithstanding any provision herein to the contrary, under no circumstances shall the District be responsible for payment of any monies in connection with the issuance of the Bonds. This instrument shall not be construed to expand any obligation of the District to issue its bonds or to pay monies to any person or entity; and the District's obligation to pay monies to the Trustee, as assignee of the Issuer, shall in all respects be limited to the District's obligation to pay monies otherwise due to the Developer under the Reimbursement Agreement. The agreements, representations, consents and certifications set forth hereunder shall terminate for all purposes on the date that is the earlier of (i) the date that the District is notified in writing by TIP Management Company LLC that direct payments to the Trustee by the District are no longer due or required under the arrangement between the Issuer and the Developer and (ii) the date that the Sale Agreement is null and void in accordance with Section 5 thereof. 4140-0352-1620.4 755229v5 The District shall have no obligation to pay the Reimbursement to the Issuer or Trustee unless (i) the terms and conditions set forth in the Reimbursement Agreement have been met; and (ii) the Issuer, Trustee, Developer, or their respective successor and assigns, have executed and delivered a receipt to the District in form attached hereto as Exhibit "A" in which the Issuer, Developer, or other duly appointed successors or assigns represent and warrant that the Trustee (or the assignee, if applicable) is entitled to receive the Reimbursement (or applicable portion thereof) and no other person or entity is entitled to or has a claim to same. For the avoidance of doubt, nothing herein or in the Sale Agreement shall obligate the District to pursue a bond validation suit or similar legal action in connection with the issuance of the District bonds in the event the Texas Attorney General has not approved such issuance as a result of any action, inaction, or omission of the Trustee or the Issuer. Developer hereby represents and warrants that it has not assigned or attempted to assign any of its right, title, interest, or benefit in and under the Reimbursement Agreement and which is assigned by the Sale Agreement to any other person or entity, other than Issuer. In consideration of the District's execution of this Acknowledgment, DEVELOPER HEREBY AGREES TO INDEMNIFY, DEFEND AND HOLD THE DISTRICT HARMLESS FROM AND AGAINST ANY AND ALL LOSS, COST, EXPENSE OR LIABILITY (INCLUDING REASONABLE ATTORNEYS' FEES), ARISING OUT OF OR IN ANY WAY RELATED TO (I) DEVELOPER'S BREACH OF THE FOREGOING REPRESENTATION AND WARRANTY, AND (II) ANY CLAIMS, LAWSUITS, JUDGMENTS, DISPUTES, PROTESTS, CHALLENGES AND SIMILAR MATTERS ASSERTED BY DEVELOPER AS TO ANY SUM OR SUMS DUE, OR TO BECOME DUE, UNDER THE REIMBURSEMENT AGREEMENT. DEVELOPER ADDITIONALLY AGREES TO PAY ALL REASONABLE ATTORNEYS FEES AND EXPENSES INCURRED BY THE DISTRICT WHICH ARISE OUT OF OR ARE IN ANY WAY RELATED TO A BREACH OF THE FOREGOING REPRESENTATIONS AND WARRANTIES. The foregoing indemnities and hold harmless agreements running in favor of the District are specifically intended to cover all costs of the District for any future litigation, including attorneys' fees and expenses, other defense costs, and the costs of enforcing the indemnities and hold harmless agreements. [The remainder of this page intentionally left blank.] 4140-0352-1620.4 755229v5 DISTRICT: ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: Uri Geva President, Board of Directors Date: 4143-7250-0565.2 755229v4 DEVELOPER: COLLEGE STATION TOWN CENTER, INC., a Texas corporation By: Name: Title: (SEAL) 4143-7250-0565.2 755229v5 EXHIBIT A RECEIPT AND INDEMNITY WHEREAS, College Station Town Center, Inc., a Texas corporation (the "Developer"), entered into that certain J j by and between Developer and Rock Prairie Management District No. 2 (the "District") dated effective (the "Agreement"), regarding the payment of the Price as defined and described in the Agreement; and WHEREAS, pursuant to that certain Sale and Assignment Agreement dated ("Sale and Assignment Agreement"), Developer has previously assigned all of its rights, title and interest in and to the proceeds due or to become due under the Agreement to the Public Finance Authority, a unit of government and a public body corporate and politic of the State of Wisconsin ("PFA"), and as further assigned to Computershare Trust Company, N.A., a national banking association, as trustee ("Trustee"); and WHEREAS, the District has issued its $ Unlimited Tax Bonds, Series 20_ (the "Bonds") for the purpose, among others, of paying all or a portion of the Price pursuant to the terms of the Agreement, and the Developer has complied with the requirements of the Agreement; and WHEREAS, a draft audit prepared for the District by , an independent certified public accounting firm, dated , and attached as Exhibit "A" to this Receipt and incorporated herein for all purposes (the "Audit"), indicates that $ is [now] due for the Price advanced to or on behalf of the District as set forth above and as itemized in the Audit, it being understood and agreed that said amounts may be adjusted upon preparation of a final audit by said firm. Said funds are paid in accordance with the instructions in Exhibit `B" attached hereto. NOW THEREFORE, the Developer and PFA hereby acknowledge and agree, as applicable, to the following: 1. The facts set forth in the recitals hereof are true and correct and made a part hereof. 2. The Developer and PFA each represent and warrant that Trustee is the proper party to whom the Proceeds (as defined below) should be paid pursuant to the terms of the Agreement and as set forth in detail in the Audit, in accordance with Exhibit "B" attached hereto, and pursuant to the Sale and Assignment Agreement. The Developer further represents and warrants that (i) there are no other parties that could claim a right to payment of the Proceeds and (ii) neither the Trustee nor the PFA has any claim against the proceeds of the Bonds other than the Proceeds, except as may be reflected in the above - described final audit. The PFA further represents and warrants that it has not assigned or attempted to assign the Proceeds or any right to the receipt thereof to any person or entity other than the Trustee. Based upon the foregoing representation and warranty of the Developer, the PFA agrees not to make any claim against the proceeds of the Bonds other than the Proceeds, except as may be reflected in the above described final audit. 4140-0352-1620.4 755229v5 3. IN CONSIDERATION OF THE DISTRICT'S PAYMENT OF THE PROCEEDS TO THE TRUSTEE, THE DEVELOPER HEREBY AGREES TO INDEMNIFY, DEFEND, AND HOLD THE DISTRICT HARMLESS FROM AND AGAINST ANY LOSS, COST, EXPENSES OR LIABILITY (INCLUDING ATTORNEYS' FEES) ARISING OUT OF OR IN ANY WAY RELATED TO (I) BREACH OF THE FOREGOING REPRESENTATION AND WARRANTY, AND (II) ANY CLAIMS, LAWSUITS, JUDGMENTS, DISPUTES, PROTESTS, CHALLENGES, AND SIMILAR MATTERS ASSERTED BY ANY PERSON OR ENTITY CONCERNING OR RELATED TO THE PROCEEDS, OR ANY PORTION THEREOF, OR THE PAYMENT OF SUCH PROCEEDS TO TRUSTEE. THIS INDEMNITY AND HOLD HARMLESS AGREEMENT RUNNING IN FAVOR OF THE DISTRICT IS SPECIFICALLY INTENDED TO COVER ALL COSTS OF THE DISTRICT FOR ANY FUTURE LITIGATION, INCLUDING, BUT NOT LIMITED TO, ATTORNEYS' FEES AND EXPENSES, OTHER DEFENSE COSTS, AND THE COSTS OF ENFORCING THIS INDEMNITY AGREEMENT. The Trustee hereby acknowledges and agrees that the Trustee has received the sum of $ (the "Proceeds") from the District. [SIGNATURES COMMENCE ON FOLLOWING PAGE] 4140-0352-1620 4 755229v5 Executed to be effective as of the day of THE STATE OF WISCONSIN COUNTY OF This by government (SEAL) 4140-0352-1620.4 755229v5 ISSUER: PUBLIC FINANCE AUTHORITY By: Name: Title: instrument was acknowledged before me on this day of , 20_, of the Public Finance Authority, a unit of and public body corporate and politic of the State of Wisconsin, on behalf of said entity. Notary Public in and for the State of Wisconsin Executed to be effective as of the day of THE STATE OF MINNESOTA COUNTY OF RAMSEY § TRUSTEE: COMPUTERSHARE TRUST COMPANY, N.A., as Trustee 13v: Name: Title: § § This instrument was acknowledged before me on this day of 20_, by of Computershare Trust Company, N.A., a national banking association, on behalf of said entity. Notary Public in and for the State of (SEAL) 4140-0352-1620.4 755229v5 Executed to be effective as of the day of COLLEGE STATION TOWN CENTER, INC., a Texas corporation By: Name: Title: THE STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me on this day of 20 by of College Station Town Center, Inc., a Texas corporation, on behalf of said entity. Notary Public in and for (SEAL) the State of Texas 4140-0352-1620.4 755229v5 APPROVED and AGREED to this day of THE STATE OF TEXAS § COUNTY OF ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: President, Board of Directors This instrument was acknowledged before me on this day of by . the of the Board of Directors of Rock Prairie Management District No. 2, on behalf of said district. Notary Public in and for the State of TEXAS (SEAL) 4140-0352-1620.4 755229v5 EXHIBIT "A" (AUDIT) 4140-0352-1620 4 755229v5 Exhibit "B" Developer Wire Instruction Authorization Form District Name: Developer Name: Developer Fed. Tax ID No. Receiving Bank ABA: Receiving Bank Name: Further Credit Bank: Account No.: Address: City, State, Zip: Beneficiary Account: Beneficiary Legal Name: Beneficiary Address: Beneficiary City St Zip: REF: (If reference is a name, full legal name is required) AUTHORIZATION: The undersigned is authorized to provide wire transfer instructions. The bookkeeper will call the person listed below prior to the District wiring any funds. Undersigned must verbally confirm wiring instructions with the bookkeeper prior to District wiring the funds. Authorized Signer and Call Printed Name Back number: Signature' Call Back Number: Company Name: Company Address: Company City St Zip: A-1 4132-0924-8850 4 755229v5 Exhibit H ORDER ESTABLISHING POLICY FOR COVERED APPLICATIONS AND PROHIBITED TECHNOLOGY WHEREAS, ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 (the "District") is a body politic and corporate and a governmental agency of the State of Texas, operating under and governed by the provisions of Chapter 49 of the Texas Water Code, as amended, Chapter 375 of the Texas Local Government Code, as amended, and Section 59 of Article XVI of the Texas Constitution; and WHEREAS, Chapter 620 of the Texas Government Code requires that the Board of Directors of the District adopt a policy prohibiting the use and requiring the removal of certain social media applications and services on devices owned or leased by the District; NOW, THEREFORE, IT IS ORDERED BY THE BOARD OF DIRECTORS OF ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2, THAT the policies, procedures and provisions set forth in the Covered Applications and Prohibited Technology Policy attached hereto as "Exhibit A" be and are hereby ADOPTED. [SIGNATURE PAGE FOLLOWS] PASSED AND ADOPTED ON THIS 9th day of January, 2025. ATTEST: By: Secretary, Boar of Directors (SEAL) _= c s' =L): 5r:: '1. �a aa� ■ il11111111111 ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 By: President, Board of Directors 758300v2 2 EXHIBIT "A" ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 COVERED APPLICATIONS AND PROHIBITED TECHNOLOGY POLICY I. PURPOSE. DEFINITIONS AND REOUIREMENTS A. Purpose The Board of Directors of ROCK PRAIRIE MANAGEMENT DISTRICT NO. 2 (the "District") have established this Covered Applications and Prohibited Technology Policy to prohibit the use of certain social media applications and services, including, but not limited to, TikTok and any successor application developed by ByteDance, on devices owned or leased by the District in compliance with Chapter 620 of the Texas Government Code. B. Scope and Definitions This policy applies to any and all District full- and part-time employees, contractors, paid or unpaid interns, and other users of District networks. All users of District networks or District owned or leased devices are responsible for complying with this policy. A covered application is: 1. The social media service TikTok or any successor application or service developed or provided by ByteDance Limited, or an entity owned by ByteDance Limited. 2. A social media application or service heretofore or hereafter specified by proclamation of the governor under Section 620.005, Government Code. C. Covered Applications on District -Owned or Leased Devices Except where approved exceptions apply, the use or installation of covered applications is prohibited on all District -owned or -leased devices, including cell phones, tablets, desktop and laptop computers, and other internet-capable devices. The District will identify, track, and manage all District -owned or leased devices including mobile phones, tablets, laptops, desktop computers, or any other internet-capable devices to: a. Prohibit the installation of a covered application; b. Prohibit the use of a covered application; c. Remove a covered application from a District -owned or -leased device that was on the device prior to the passage of S.B. 1893 (88th Leg, R.S.); and d. Remove an application from a District -owned or -leased device if the Governor issues a proclamation identifying it as a covered application. The District will manage all District -owned or -leased mobile devices by implementing one or more of the security measures listed below: a. Restrict access to "app stores" or unauthorized software repositories to prevent the installation of unauthorized applications; b. Maintain the ability to remotely wipe non -compliant or compromised mobile devices; c. Maintain the ability to remotely uninstall unauthorized software from mobile devices; and d. Conduct reviews of District -owned or -leased devices to detect and remove covered applications. D. Ongoing and Emerging Technology Threats To provide protection against ongoing and emerging technological threats to the District's sensitive information and critical infrastructure, the Texas Department of Public Safety (DPS) and the Texas Department of Information Resources (DIR) will regularly monitor and evaluate additional social media applications or services that pose a risk to this state. DIR will annually submit to the Governor a list of social media applications and services identified as posing a risk to Texas. The Governor may proclaim items on this list as covered applications that are subject to this policy. If the Governor identifies an item on the DIR-posted list described by this section, then the District will remove and prohibit the covered application. The District may also prohibit social media applications or services in addition to those specified by proclamation of the Governor. E. Bring Your Own Device Policy The District has not implemented a "Bring Your Own Device" (BYOD) program. Should the District implement a BYOD program, then the District may prohibit the installation or operation of covered applications on employee -owned devices that are used to conduct District business. F. Covered Applications Exceptions The District has not permitted exceptions authorizing the installation and use of a covered application on District owned or leased devices consistent with the authority provided by Chapter 620, Government Code. II. POLICY COMPLIANCE The District will verify compliance with this policy through various methods, including but not limited to, information technology and security system reports and feedback to leadership. 2 758300v2 III. POLICY REVIEW This policy will be reviewed and updated as necessary to reflect changes in state law or to suit the needs of the District. 3 758300v2 Exhibit I MASTERSON LIFFA ADVISORS LLC Anthea W. Moran Managing Director November 4, 2024 Rock Prairie Management District No. 2 c/o Ms. Christina Cole Schwartz, Page & Harding L.L.P. 1300 Post Oak Blvd., Suite 2400 Houston, Texas 77056 Dear Christina: This letter is being provided to Rock Prairie Management District No. 2 pursuant to Municipal Securities Rulemaking Board Rule G-10, on Investor and Municipal Advisory Client Education and Protection. Municipal Advisors are required to provide certain written information to their municipal entity and obligated person clients which include the following: • Masterson Advisors LLC is currently registered as a municipal advisor with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board. • Within the Municipal Securities Rulemaking Board ("MSRB") website at www.msrb.ora. Rock Prairie Management District No. 2 may obtain the Municipal Advisory Client Brochure. The brochure describes the protections that may be provided by the MSRB Rules along with how to file a complaint with financial regulatory authorities. We greatly appreciate working with you. Sincerely, /s/Anthea W. Moran Anthea W. Moran Managing Director 3 Greenway Plaza, Suite 1100, Houston, TX 77046 Anthea.Moran@MastersonAdvisors.com 713-814-0552