CITY OF MANSFIELD NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN THAT a public hearing will be conducted by the City Council of the City of Mansfield, Texas for 6:00 p.m. at August 25, 2025, at the regular meeting place of the City, the City Council Chamber at Mansfield City Hall, 1200 E Broad St., Mansfield, Texas 76063. The public hearing will be held to consider proposed assessments to be levied against certain assessable property in Improvement Area #1 of the Staybolt Public Improvement District (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 within the District (collectively, the "Authorized Improvements") may include (i) landscaping; (ii) erection of fountains, distinctive lighting, and signs; (iii) acquiring, constructing, improving, widening, narrowing, closing, or rerouting of sidewalks or of streets, any other roadways, or their rights-of-way; (iv) construction or improvement of pedestrian malls; (v) acquisition and installation of pieces of art; (vi) acquisition, construction, or improvement of libraries; (vii) acquisition, construction, or improvement of off-street parking facilities; (viii) acquisition, construction, improvement, or rerouting of mass transportation facilities; (ix) acquisition, construction, or improvement of water, wastewater, or drainage facilities or improvements; (x) the establishment or improvement of parks; (xi) projects similar to those listed in Subdivisions (i)-(x); (xii) acquisition, by purchase or otherwise, of real property in connection with an authorized improvement; (xiii) special supplemental services for improvement and promotion of the District, including services relating to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development, recreation, and cultural enhancement; (xiv) payment of expenses incurred in the establishment, administration, and operation of the District; (xv) the development, rehabilitation, or expansion of affordable housing; and (xvi) payment of expenses associated with financing such public improvement projects, which may include but are not limited to, costs associated with the issuance and sale of revenue bonds secured by assessments levied against the property within the District. These Authorized Improvements shall promote the interests of the City and confer a special benefit upon the District. The estimated cost to design, acquire and construct the Authorized Improvements together with bond issuance costs, eligible legal and financial fees, eligible credit enhancement costs and eligible costs incurred in establishment, administration and operation of the District is approximately $12,000,000. The City will pay no costs of the Authorized Improvements in Improvement Area #1 of the District, from funds other than assessments levied on property within Improvement Area #1 of the District. The remaining costs of the proposed improvements will be paid from sources other than those described above. The boundaries of the District, which include the property within Improvement Area #1, include approximately 134.3 acres of land within the City of Mansfield, Ellis County, Texas, said property being generally located east of Hwy Texas 360 Toll, west of Lakeview Dr., and south of Lone Star Rd. Improvement Area #1 includes approximately 47.146 acres. A metes and bounds description is available for inspection at the offices of the City Secretary at the location described above. All written or oral objections relating to the levy of the proposed assessments will be considered at the public hearing. A copy of the Preliminary Amended and Restated Service and Assessment Plan, including the proposed Assessment Roll for Improvement Area #1 of the District, which includes the Assessments to be levied against each parcel in Improvement Area #1 of the District, is available for public inspection at the office of the City Secretary, 1200 E Broad St., Mansfield, Texas 76063. Susana Marin, City Secretary City of Mansfield, Texas IM-#10815660.2 IPL0262975 Aug 13 2025