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2025-013 - Approved proposed assessments to be levied against certain assessable property within Improvement Area #1 of the Forestbrook Public Improvement District No. 1 pursuant to the provision of Chapter 372 of the Texas LGC, as amended
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2025-013 - Approved proposed assessments to be levied against certain assessable property within Improvement Area #1 of the Forestbrook Public Improvement District No. 1 pursuant to the provision of Chapter 372 of the Texas LGC, as amended
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7/22/2025 1:39:05 PM
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7/22/2025 1:30:28 PM
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CITY CLERK
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headwalls, rock rip -rap, pond outfalls, testing, and all other necessary appurtenances <br />constructed to City standards required to provide adequate drainage within Improvement <br />Area <br />#1. <br />i sewer <br />i i i be owned and operated <br />• i <br />0 Soft Costs <br />the Improvement Area #1 <br />Improvements <br />designing, constructing, installing <br />�! i i and design, fees, <br />i i *ii testing, <br />survey, construction management,. contingency, legal fees, and consultant fees. <br />Equals i amount be <br />deposited in +s debt <br />service <br />reserve <br />ii under an applicable <br />Indenture connection i issuance of PID Bonds. <br />■ Underwriter`s Discount <br />costsEquals a percentage of the par amount of a particular series of PID Bonds related to the <br />* such PID Bonds. <br />Equals a percentage of the par amount of a particular series of PICS Bonds reserved for the <br />underwriter's attorney fees. <br />CostofIssuance <br />Includes costs of issuing a particular series of PID Bonds, including but not limited to issuer <br />fees, <br />i attorney's fees, <br />.• financial advisory fees,1/ fees, <br />i appraisal fees, <br />publication fees <br />icharged by <br />i Texas <br />* Attorney General, <br />i d any <br />other cost or expense directly associated with the issuance of PID Bonds. <br />Deposit to Administrative Fund <br />Equals the amount necessary to fund the first year's Annual Collection Costs for a <br />particular series of PICS Bonds. <br />SECTION IV: SERVICE PLAN <br />xxxxr iirltirl4//////////////////A filllfffffiiiii/»ini, ;;; ,,,..,,,, <br />,mm� ,,,rte rimer T, �mnn ... ,,,i. �, �z� ,,, �„�ar r ��rz rr ra u�aexe ,rcrr,<.0 rFrwaea; rcrcHr arcarnvxrma� i rl1r.� r..aYilf ,,,, rN ...... <br />The PID Act requires the Service Plan to cover a period of at least five years. The 'Service Plan is <br />required to define the annual projected costs and indebtedness for the Authorized <br />FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 12 <br />SERVICE AND ASSESSMENT PLAN <br />
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