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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become Non -Benefitted Property, the owner of such Lot, Parcel or portion thereof shall pay to r � # i i cause to paid to • City, ifull amount of i Assessment, all Pr Costs and Delinquent Collection Costs for such Assessed Property, prior to or concurrently with any such conveyance or act, and no such conveyance shall be effective until the City receives such payment. Following payment of the foregoing costs in full, the City shall provide the owner with i/ recordable # i Assessment i i r of attached ii# as MaximumH. C. True -Up of Assessments if Prior to the City approving a final subdivision plat, the Administrator will certify that such plat will not result in the Assessment per Lot for any Lot Type to exceed the Maximum Assessment. If the Administrator determines that the resulting Assessment per Lot for any Lot Type will exceed the Maximum Assessment for that Lot Type, then (1) the Assessment applicable to each Lot Type shall each be reduced to the Maximum Assessment, and (2) the person or entity filing the plat shall pay to the City, or cause to be paid to the City, the amount the Assessment was reduced, plus Prepayment Costs and Delinquent Collection Costs, if any, prior to the City approving the final plat. The City's approval of a plat without payment of such amounts does not eliminate the obligation of person or plat # pay such amounts.no time shall the aggregate Assessments r. exceed ii i Maximum i • createdIf the Actual Costs of completed Authorized Improvements are less than the Assessments, then (i) in the event PID Bonds have not been issued for the purpose of financing Authorized Improvements affected by such reduction in Actual Costs, the City Council shall reduce each Assessment on a pro rata basis such that the sum of the resulting reduced Assessments for all Assessed Property equals the reduced Actual Costs that were expended, or (ii) in the event that PID Bonds have been issued for the purpose of financing Authorized Improvements affected by such reduction in Actual Costs, the Trustee shall apply amounts on deposit in the applicable account of the project fund i Indenture relating series of as directed by the City pursuant to the terms of such Indenture. Such excess PID Bond proceeds i be used for !ny purpose authorized Indenture. i i Assessments .i♦ shall never .w i reduced i an amount less than the amount required '# # • lirll outstanding service requirements . on all outstanding PID Bonds. The Administrator shall update (and submit to the City Council for review and approval as part of the next Annual Service Plan Update) the Assessment Roll and corresponding Annual Installments to reflect the reduced Assessments. FORESTBROOK PUBLIC • SERVICE AND ASSESSMENT 1