PUBLIC NOTICE: CITY OF FERRIS, TEXAS NOTICE OF PUBLIC HEARING TO CONSIDER PROPOSED ASSESSMENTS TO BE LEVIED AGAINST THE ASSESSABLE PROPERTY WITHIN THE WOODSTONE PUBLIC IMPROVEMENT DISTRICT NO. 2 JULY 26, 2021

Publish one time in The Ellis County Press on Thursday, July 15, 2021.

CITY OF FERRIS, TEXAS NOTICE OF PUBLIC HEARING

NOTICE IS HEREBY GIVEN THAT a public hearing will be conducted by the City Council of Ferris, Texas on July 26, 2021 at 6:00 p.m. at City of Ferris City Hall, 100 Town Plaza, Ferris, Texas 75125.

The public hearing will be held to consider proposed assessments to be levied against the assessable property within the Woodstone Public Improvement District No. 2 (the “District”) pursuant to the provisions of Chapter 372 of the Texas Local Government Code, as amended (the “Act”).

The general nature of the proposed public improvements (collectively, the “Authorized Improvements”) may include: (i) street and roadway improvements, including related sidewalks, drainage, utility relocation, signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment or improvement of parks and open space, together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails, playgrounds, walkways, lighting and any similar items located therein; (iii) sidewalks and landscaping, including entry monuments and features, fountains, lighting and signage; (iv) acquisition, construction, and improvement of water, wastewater and drainage improvements and facilities; (v) projects similar to those listed in subsections (i) - (iv) above authorized by the Act, including similar off-site projects that provide a benefit to the property within the District; (vi) special supplemental services for improvement and promotion of the district; (vii) payment of costs associated with operating and maintaining the public improvements listed in subparagraphs (i) - (vii) above; and (viii) payment of costs associated with developing and financing the public improvements listed in subparagraphs (i) - (vii) above, and costs of establishing, administering and operating the District.

These Authorized Improvements shall promote the interests of the City and confer a special benefit upon the Property.

The total costs of the Improvement Area #1 Projects to be paid from Assessments, including the costs of creating the District and issuing the bonds, is approximately $3,910,000.

The total costs of Authorized Improvements to benefit future phases within the District cannot be determined with certainty at this time but shall not exceed an additional $7,090,000.

The District is proposed to include approximately 64.176 acres of land generally located east of Interstate 45, and north of Wolf Springs Road, located within the corporate limits of the City and as more particularly described by a metes and bounds description available at Ferris City Hall and available for public inspection.

All written or oral objections on the proposed assessment within the District will be considered at the public hearing.

A copy of the Improvement Area #1 Assessment Roll, ( the “Assessment Roll”), which Assessment Roll include the assessments to be levied against each parcel in the District for the Improvement Area #1 Projects, is available for public inspection at the office of the City Secretary, 100 Town Plaza, Ferris, Texas 75125.