On November 13, 2018, the Commissioners Court, pursuant to and in accordance with the terms, provisions, and requirements of the Public Improvement District Assessment Act, Chapter 372, Texas Local Government Code (the “PID Act”), established the Turners Crossing Public Improvement District (the “District”) through a resolution adopted by the Commissioners Court. The purpose of the District is to finance the actual costs of authorized improvements that confer a special benefit on the property located within the District. On May 25, 2021, TCDA, the County, and Meritage Homes of Texas, LLC, as the “Managing Developer” entered into the “Turner’s Crossing Public Improvement District Financing Agreement”, as amended, which relates to the construction of the authorized improvements within the District (the “Authorized Improvements”), the maintenance of the Authorized Improvements, and the payment or reimbursement of the actual costs of the Authorized Improvements with proceeds of bonds or special assessment revenues. On February 27,2026, the Managing Developer submitted a request for the levy of assessments and issuance of bonds for Improvement Area #4 of the District. On June 5, 2026 the Managing Developer submitted a revised Assessment Levy and Bond Issuance Request which amended the initial request by adjusting the levy and bond issuance amount (the “Assessment Levy Request”). A copy of the February 27, 2026 and June 5, 2026 requests are attached as backup to the accompanying agenda action item (reflecting an updated assessment levy request of $7,343,000.00). Before assessments may be levied, the County’s PID Policy (effective prior to February 1, 2024, and as applicable here) requires that developers pay a PID community benefit fee if a PID does not provide on-site affordable housing. On April 21, 2026 the Commissioners Court and the TCDA Board of Directors each approved a community benefit fee escrow agreement for Improvement Area #4 of the District (the “CBF Escrow Agreement”). The Managing Developer has deposited an initial fee in the amount of $440,580.00 (which is 6% of the initial requested assessment amount) in the CBF Escrow account. Per the CBF Escrow Agreement, if the Commissioners Court approves the levy of assessments, as soon as three business days after the assessments are levied, a disbursal request may be submitted to release these funds to the Capital Economic Progress Corporation. On June 24, 2026, the Commissioners Court approved setting a public hearing date for July 14, 2026 to consider an order levying assessments on property within Improvement Area #4 of the District (the “Assessments”). The PID Act requires that a public hearing be held before assessments can be levied against the assessable property within the District. The proposed assessment roll for Improvement Area #4 is on file with the Travis County Tax Assessor-Collector’s Office. A notice of public hearing was mailed to the landowners on