2026-032 - Approving the 2026 Annual Service Plan Update and 2026 Assessment Roll for the Forestbrook Public Improvement District No.1

Home Browse Search

INTRODUCTION Capitalized terms used in this 2026 Annual Service Plan Update not otherwise defined herein shall have the meanings -set forth in the Amended and Restated Service and Assessment Plan (the "A&R SAP"). The District was created pursuant to the PID Act by Resolution No. 2024-044 on October 14, 2024 by the governing body of the City (the "Governing Body") to finance certain Authorized Improvements for the benefit of the property in the District. On July 14, 2025, the Governing Body approved the Service and Assessment Plan for the District by adopting Ordinance No. 2025-013 which (1) approved the levy of certain Assessments for Assessed Property within Improvement Area #1; and (2) approved the Improvement Area #1 Assessment Roll. On October 27, 2025, the Governing Body approved the A&R SAP for the District by adopting Ordinance No. 2025-018 which (1) approved the issuance of the Improvement Area #1 Bonds and (2) updated the Assessment Rolls. The A&R SAP identified the Authorized Improvements to be constructed for the benefit of the Assessed Property within the District, the costs of the Authorized Improvements, the indebtedness to be incurred for the Authorized Improvements, and the manner of assessing the property in the District for the costs of the Authorized Improvements. Pursuant to the PID Act, the A&R SAP must be reviewed and updated annually. This document is the Annual Service Plan Update for 2026. The Governing Body also adopted each Assessment Roll identifying the Assessments on Parcel of Assessed Property within the District, based on the method of assessment identified in the A&R SAP. This 2026 Annual Service Plan Update also updates the Assessment Rolls for 2026. FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1 2 2026 ANNUAL SERVICE PLAN UPDATE