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WHEREAS, <br />K (the <br />"Council") of " City of Paris, Texas K <br />"City"), has <br />previously created the Forestbrook Public Improvement District No. 1 (the "District"); and <br />WHEREAS, <br />A aK has <br />♦ K been <br />p K d o « Council " "Reimbursement <br />« ba « Agreement gKK K <br />- Forestbrook Public Improvement District No. 1", dated April 14, 20 25 (the "Reimbursement <br />Agreement"), between <br />KK Ili City e " Planned * *" Texas limited <br />liability com" <br />ny; and <br />WHEREAS, the Reimbursement Agreement satisfies the requirements of Section <br />372.023 of the Public Improvement District Assessment Act and tas an appropriate method of <br />reimbursement <br />l« K « associated " construction ♦ development certain ! <br />authorized improvements <br />« • District; and <br />the Council finds and determines <br />KK « necessary <br />«♦ « best <br />interests <br />« " approve « form !nd content «Reimbursement <br />". K Agreement; <br />«111 K ! <br />givenWHEREAS, the meeting at which this Resolution is considered is open to the public <br />as required by law, and the public notice of the time, place and purpose of said meeting was <br />NOW, THEREFOREj BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS,, TEXAS AS FOLLOWS: <br />SECTION 1. The flndings and premises contained in the preambles above are <br />hereby <br />« K« Il A " and correct and incorporated K K <br />behalfSECTION 2, The form and content of the Reimbursement Agreement, which <br />is attached hereto as Exhibit A and is incorporated herein for all purposes, is hereby <br />approved, and the Mayor is authorized to execute such Reimbursement Agreement on <br />K <br />SECTION This Resolution shall he effective immediately upon its <br />adoption. <br />111;11111 1 11111��11111 11!1111 1`1 1 amm <br />Mil i)ir Pan:al, Mayor <br />