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Acting in its legislative capacity and based on information provided by the Developer and its <br />engineer and reviewed by the City staff and by third -party consultants retained by the City, the <br />City Council has determined that the costs related to the Authorized Improvements shall be <br />allocated a # o <br />The costs of "" Major Improvementsbe allocated to Improvement Area #1 and the <br />Remainder Area based upon Estimated Buildout Value of each Parcel or Assessed <br />Property to the Estimated Buildout Value of + Remainder Area is <br />allocated 70-10% of the Major Improvements costs, and Improvement Area #1 is <br />allocated 29.90% of the Major Improvements costs. The Remainder Area and <br />Improvement Area #1"s shares of the Major Improvement costs are illustrated in Exhibit <br />The costs of the Improvement Area #1 Authorized Improvements shall be allocated to <br />each Parcel within Improvement <br />` ' " e ' based on ` of " Estimated Buildout <br />Value of each Parcel designated as Improvement Area #1 Assessed Property to the <br />Estimated Buildout Value of all Improvement Area #1 Assessed Property. Currently, the <br />Improvement <br /># ♦ it Area <br />♦ i Parcel ** Parcel <br />.e Improvement AeA and as <br />such, the Improvement Area #1 Initial Parcel is allocated 100% of the Improvement Area <br />#1 Authorized Improvements. <br />B. Assessments <br />The Improvement Area #1 Assessment will be levied on the Improvement Area #1 Initial Parcel <br />in the amount shown on the Improvement Area #1 Assessment Roll, attached hereto as Exhibit <br />F-1. The projected Improvement Area #1 Annual Installments are shown on Exhibit F-2 and are <br />subject to revisions made in the any Annual Service Plan Update. Upon division or subdivision of <br />the Improvement Area Initial wrrcel, the Improvement • <br />#1 Assessment will be reallocated <br />pursuant to Section V1. <br />The Maximum Assessment for each current Lot Type is shown on Exhib*lt E. In no case will the <br />Assessment for Lots classified as Lot Type I exceed the corresponding Maximum Assessment for <br />Acting in its legislative <br />engineer and reviewed by the City staff and by third -party consultants retained by the City, the <br />City Council has found and determined the following: <br />Improvement <br />% or ♦ AI <br />FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. <br />SERVICE AND ASSESSMENT PLAN <br />