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The project has several items to bring before Council: <br />- This resolution before you to accept the PID creation petition and consider a resolution <br />calling a public hearing and approving a professional services reimbursement agreement, <br />(08/12) <br />- A future resolution approving a development agreement, conducting a public hearing on <br />the PID creation and considering a resolution creating a PID process and a PID, <br />- An ultimately, an ordinance approving and authorizing issuance and sale of Special <br />Assessment Revenue Bonds, Series 2024 and ordinance levying PID assessments and <br />approving a final service and assessment plan and related agreements. <br />Note: Acceptance of the Petition to Create a Public Improvement District inside the City of Paris <br />does not constitute the creation of a Public Improvement District. <br />BUDGET: This item has no budgetary considerations. <br />RECOMMENDATION: Staff and third -party consultants recommend accepting for filing a <br />petition for establishment of the Forestbrook Public Improvement District No. 1; calling a public <br />hearing on the advisability of the creation of said district; authorizing the issuance of notice by the <br />City Clerk regarding the public hearing; and approving a professional services reimbursement <br />agreement. <br />