Agenda Packet 06-23 - Laserfiche WebLink

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Costs of the Private Improvement will not be paid nor reimbursed from the proceeds of PID Bonds or otherwise from revenues received from the collection of Annual Installments. "Remainder Area" means approximately 41.545 acres located within the District, as more specifically described on Exhibit 1-3 and depicted on Exhibit A-2, to be developed as one or more future improvement areas. The Remainder Area includes all of the District save and except Improvement Area #1. "Remainder Area Apportioned Property" means any Parcel within the Remainder Area against which a portion of the Actual Costs of the Major Improvements are apportioned based on special conferred benefit, and against which an Assessment is expected to be levied, but not yet levied. "Remainder Area Apportionment of Costs" means an Apportionment of Costs against a Parcel within the Remainder Area for the Remainder Area Projects, as shown on Exhibit B-2, subject to reallocation upon the subdivision of such Parcel or reduction according to the provisions herein and in the PID Act. "Remainder Area Projects" means the pro rata portion of the Major Improvements allocable to the Remainder Area based on Estimated Buildout Value. "Service and Assessment Plan" means this Forestbrook Public Improvement District No. 1 Service and Assessment Plan, as updated, amended, or supplemented from time to time. "Service Plan" means the plan described in Section IV which covers a period of at least five years and defines the annual indebtedness and projected costs of the Authorized Improvements. "Trustee" means the trustee or successor trustee under an Indenture. 1 I i� r � 1 1 7111 1 f(�ifllff(flBllthfllll � / fl 11 11111,1 11(8(1111IlffUl11111111111111�111111111d11///////////,lll//IN'ilGllrli {(d!(!I, "II(/Ilff0l0f�nIJ0IJ011000001f>/�1018110�1f�I�f IIIIf�i�ii�Iliiiii 111'6111x11101J8lIJJXdt118111111�!��%�Illl�ld�lrGl'1�111�r�.11811�I111�11111111111 iiilll 177017 f11 FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 9 PRELIMINARY SERVICE AND ASSESSMENT PLAN