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04-28-2025 Agenda Packet
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04-28-2025 Agenda Packet
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4/28/2025 4:57:11 PM
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+exhibit B <br />F RM N DISBU E E <br />The undersigned is an agent for Lone Star Planned Developments, LLC ("Develoi)er") and <br />requests payment to Developer (or to the person designated by Developer) from the applicable <br />account of the PID Project Fund from --_ (the "Trustee") in the amount of <br />($ ) to be transferred from the applicable account of the PID Project <br />Fund delivery the upon p ry of the PID Bonds for costs incurred in the establishment, administration, <br />and operation of Forestbrook Public Improvement District No. 1 (the "District") and costs <br />associated with the issuance of PID Bonds, as follows. <br />Unless otherwise defined, any capitalized terms used herein shall have the meanings ascribed to <br />them in the Indenture of Trust by and between the City and the Trustee dated as of (the <br />"Indenture") relating to the [ __j (the "PID Bonds"). <br />In connection with the above referenced payment, Developer represents and warrants to the City <br />as follows: <br />1. The undersigned is a duly authorized officer of Developer, is qualified to execute <br />this Closing Disbursement Request on behalf of Developer, and is knowledgeable as to the matters <br />set forth herein. <br />2. The payment requested for the below referenced establishment, administration, and <br />operation of the District at the time of the delivery of the PID Bonds have not been the subject of <br />any prior payment request submitted to the City. <br />3. The amount listed for the below costs is a true and accurate representation of the <br />PID Project Costs associated with the establishment, administration and operation of the District <br />at the time of the delivery of the PID Bonds, and such costs are in compliance with the Service <br />and Assessment Plan. <br />4. Developer is in compliance with the terms and provisions of the Reimbursement <br />Agreement, the Bond Indenture, and the Service and Assessment Plan. <br />5. All conditions set forth in the Indenture and the Reimbursement Agreement for the <br />payment hereby requested have been satisfied. <br />6. Developer agrees to cooperate with the City in conducting its review of the <br />requested payment, and agrees to provide additional information and documentation as is <br />reasonably necessary for the City to complete said review. <br />Payments requested hereunder shall be made as directed below: <br />[Information regarding Payee, amount, and deposit instructions attached] <br />I hereby declare that the above representations and warranties are true and correct. <br />018581.00000114908-9229-3155.v5 <br />
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