2025-018 - Approving the issuance and sale of City of Paris Special Assessment Revenue Bonds, Series 2025 (Forestbrook Public Improvement District No. 1 Improvement Area #1 Project)” and approving various documents related to such bonds.

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Rule 15c2-12 issued by the United States Securities and Exchange Commission under the Securities Exchange Act of 1934 (the "Rule"), as of its date, except for the omission of information specified in Section (b)(1) of the Rule, as permitted by Section (b)(1) of the Rule. Notwithstanding the approval and delivery of such Preliminary Limited Offering Memorandum and Limited Offering Memorandum by the Council, the Council is not responsible for and proclaims no specific knowledge of the information contained in the Preliminary Limited Offering Memorandum and the Limited Offering Memorandum pertaining to (i) the Improvement Area #1 Projects, (ii) the Development (as defined in the Limited Offering Memorandum), (iii) Lone Star Planned Developments, LLC, a Texas limited liability company (the "Developer"), or its financial ability, or any other developers of the District, or (iv) any builders or landowners in the District. SECTION 5. CONTINUING DISCLOSURE AGREEMENT. The Continuing Disclosure Agreement (the "Continuing Disclosure Agreement") among the City, P3Works, LLC and BOKF, NA, is hereby authorized and approved in substantially final form attached hereto as Exhibit C and incorporated herein as a part hereof for all purposes, and the Authorized Officials, individually but not jointly, are hereby authorized and directed to execute and deliver such Continuing Disclosure Agreement with such changes as may be required to carry out the purposes and intent of this Ordinance and approved by an Authorized Official, such approval to be evidenced by the execution thereof. SECTION 6. AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN. An Amended and Restated Service and Assessment Plan (the "A&R Service and Assessment Plan") is hereby authorized and approved in substantially the form attached hereto as Exhibit D and incorporated herein as a part hereof for all purposes. The City Clerk is hereby directed to cause a copy of the A&R Service and Assessment Plan to be recorded in the real property records of Lamar County, Texas, within seven (7) days of the date of adoption of this Ordinance. SECTION 7. ADDITIONAL ACTIONS. The Mayor, the Mayor Pro Tem, the City Manager, the Deputy City Manager, the Director of Finance and the City Clerk (individually, an "Authorized Official", and collectively, the "Authorized Officials"), individually or jointly, are hereby authorized and directed to take any and all actions on behalf of the City necessary or desirable to carry out the purposes and intent of this Ordinance and to issue the Bonds in accordance with the terms of this Ordinance. The Authorized Officials are hereby authorized and directed to execute and deliver any and all certificates, agreements, notices, instruction letters, requisitions and other documents which may be necessary or advisable in connection with the sale, issuance and delivery of the Bonds and the carrying out of the purposes and intent of this Ordinance. SECTION 8. SEVERABILITY. If any Section, paragraph, clause or provision of this Ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such Section, paragraph, clause or provision shall not affect any of the remaining provisions of this Ordinance. SECTION 9. EFFECTIVE DATE. This Ordinance is passed on one reading as authorized by Texas Government Code, Section 1201.028, and shall be effective immediately upon its passage and adoption. -----------------------------------