09 - Forestbrook Public Improvement District No. 1Item No. 9
Memorandum
TO: Mayor, Mayor Pro -Tem, & City Council
FROM: Robert Vine, Interim City Manager
SUBJECT: Conduct a public hearing on the advisability of the creation of the Forestbrook
Public Improvement District No. 1 and the proposed improvements to be
constructed in such District.
DATE: September 9, 2024
BACKGROUND: The Forestbrook Estates Subdivision has been an ongoing project for approximately
two years with developer, Nathan Spaulding working with City Staff to create a planned development. This
subdivision is a multi -phase development located in the southeast side of the City. This development was
originally planned to be funded by private investors, however, the plans changed to involve a Public
Improvement District.
STATUS OF ISSUE: On July 3, 3024, Lone Star Planned Developments, LLC, filed a Petition for the
Creation of a Public Improvement District (PID) Within the City of Paris, Texas, with Nathan Spaulding
signing as a Managing Member, (See attachment A), for the Forestbrook Estates Subdivision,
encompassing approximately 59.62 acres.
Nathan Spaulding is the owner of taxable real property representing more than 50 percent of the appraised
value of taxable real liable for assessment under the proposal, as determined by the current roll of the
appraisal district in the proposal and is the record owner of real property liable for assessment under the
proposal who (a) constitutes more than 50 percent of all record owners of property that is liable for
assessment under the proposal; or (b) owns taxable real property that constitutes more than 50 percent of
the area of all taxable real property that is liable for assessment under the proposal.
The project has several items to bring before Council:
- This resolution has been passed to accept the PID creation petition, a professional services
reimbursement agreement has been approved and the public hearing posted. (08/12)
- A future resolution approving a development agreement, conducting a public hearing on the PID
creation and considering a resolution creating a PID process and a PID
- Ultimately, an ordinance approving and authorizing issuance and sale of Special Assessment
Revenue Bonds, Series 2024 and ordinance levying PID assessments and approving a final service
and assessment plan and related agreements.
At the August 12, 2024, City Council meeting, staff and third -party consultants recommend accepting
for filing a petition for establishment of the Forestbrook Public Improvement District No. 1; calling a public
hearing on the advisability of the creation of said district; authorizing the issuance of notice by the City
Clerk regarding the public hearing; and approving a professional services reimbursement agreement.
This is the Public Hearing.
BUDGET: N/A
RECOMMENDATION: No action required - Public Hearing only.