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"Authorized Improvements" means the costs and improvements authorized by Section 372.003
<br />of the PID Act, and described in Sections IIIA and III.B, as further depicted on Exhibits G-1 and
<br />G-2.
<br />"Bond Issuance Costs" means the costs associated with issuing PID Bonds, including, but not
<br />limited to, attorney fees, financial advisory fees, consultant fees, appraisal fees, printing costs,
<br />publication costs, capitalized interest, reserve fund requirements, underwriter's discount
<br />(including the fee of counsel to the underwriter), fees charged by the Texas Attorney General,
<br />and any other cost or expense incurred by the City directly associated with the issuance of any
<br />series of PID Bonds.
<br />"City" means the City of Paris, Texas.
<br />"City Council" means the governing body of the City.
<br />"County" means Lamar County, Texas.
<br />"Delinquent Collection Costs" mean costs related to the foreclosure on Assessed Property and
<br />the costs of collection of delinquent Assessments, delinquent Annual Installments, or any other
<br />delinquent amounts due under this Service and Assessment Plan, including penalties and
<br />reasonable attorney's fees actually paid, but excluding amounts representing interest and
<br />penalty interest.
<br />"Developer" means, Lone Star Planned Development, LLC, and any successors or assigns thereof
<br />that intends to develop the property in the District for the ultimate purpose of transferring title
<br />to end users.
<br />"District" means the Forestbrook Public Improvement District No. 1 containing approximately
<br />59.621 acres located within the corporate limits of the City, and more specifically described in
<br />Exhibit 1-1 and depicted on Exhibit A-1.
<br />"Engineer's Report" means the report provided by a licensed professional engineer that
<br />describes the Authorized Improvements, including their costs, location, and benefit, and is
<br />attached hereto as Appendix A.
<br />"Estimated Buildout Value" means the estimated value of an Assessed Property with fully
<br />constructed buildings, as provided by the Developer and confirmed by the City Council, by
<br />considering such factors as density, lot size, proximity to amenities, view premiums, location,
<br />market conditions, historical sales, builder contracts, discussions with homebuilders, reports
<br />from third party consultants, or any other factors that, in the judgment of the City, may impact
<br />value. The Estimated Buildout Value for each Lot Type is shown on Exhibit E.
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<br />FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 S
<br />PRELIMINARY SERVICE AND ASSESSMENT PLAN
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