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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The Remainder Area Apportioned Property will be apportioned 70.10% of the Major Improvements, which equals $605,.488 as shown on Exhibit B-1, of which all or a portion is anticipated to be levied at a later clate- and At the time the City Council approves this Service and Assessment Plan, the Developer shall own 100% of the Remainder Area. The Developer acknowledges that the Major Improvements confer a special benefit on the Remainder Area and consents to the apportionment of the Remainder Area portion of costs in anticipation of a future levy of Assessments by the City Council to pay for all or a portion of the Remainder Area portion of costs associated therewith. The Developer shall ratify, confirm, accept, agree to, and approve: (1) the determinations an!r findings by ' City Councilto the specialbenefits described herein; (2) this Service and Assessment Plan.; and (3) the Apportionment of Costs on the Remainder Area Apportioned Property. The Annual Collection Costs shall be paid for annually by the owner of each Parcel pro rata based on the ratio of the amount of outstanding Assessment remaining on the Parcel to the total outstanding Assessment. The Annual Collection Costs shall be collected as part of and in the same manner as Annual Installments in the amounts shown on the Assessment Roll, which may be revised based on Actual Costs incurred in Annual Service Plan Updates. The interest r # r Improvement oa w Aa* s Assessment ar g r Improvement or e A.ra # Reimbursement Obligation shall be collected at rates established in this Service and Assessment Plan, as shown on Exhibit F-2, pursuant to the Improvement Area #1 Reimbursement Agreement as part of the Improvement Area #1 Annual Installment pursuant to the Improvement Area #1 Reimbursement Agreement, which will not include Additional Interest unless and until Improvement Area #1 Bonds are issued. Any reallocation of Assessments as described inthis "Section vl shall be considered an administrative action of the City and will not be subject to the notice or public hearing requirements under the PID Act. +� w Irl 1' 1. Upon Division Prior to Recording of Subdivision Plat FORESTBROOK PUBLIC DISTRICT 4 SERVICE ■ ASSESSMENT PLAN