2026-032 - Approving the 2026 Annual Service Plan Update and 2026 Assessment Roll for the Forestbrook Public Improvement District No.1ORDINANCE NO.2026-032
AN ORDINANCE OF THE CITY OF PARIS APPROVING THE 2026
ANNUAL SERVICE PLAN UPDATE AND 2026 ASSESSMENT ROLL
FOR THE FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1
IN ACCORDANCE WITH CHAPTER 372, TEXAS LOCAL
GOVERNMENT CODE, AS AMENDED; MAKING VARIOUS FINDINGS
AND PROVISIONS RELATED TO THE SUBJECT; AND PROVIDING
FOR AN EFFECTIVE DATE.
WHEREAS, the City of Paris, Texas (the "City") is authorized under Chapter 372
of the Texas Local Government Code, as amended (the "Act"), to create a public
improvement district within its corporate limits; and
WHEREAS, on October 14, 2024, the City Council passed and adopted
Resolution No. 2024-044 which authorized the Forestbrook Public Improvement District
No. 1 Public Improvement District (the "District") in accordance with the City Council's
findings as to the advisability of the public improvement projects described in the
Petition and as to the advisability of creating the District; and
WHEREAS, on July 14, 2025, the City Council approved Ordinance No. 2025-
013, and the Service and Assessment Plan for the District, adopting an Assessment
Roll; and
WHEREAS, pursuant to Section 371.013 of the Act, the Service and Assessment
Plan must cover a period of at least five years and must also define the annual
indebtedness and projected costs for improvements and such Service and Assessment
Plan must be reviewed and updated annually for the purpose of determining the annual
budget for improvements; and
WHEREAS, the City Council has received the "City of Paris, Texas, Forestbrook
Public Improvement District No. 12026 Annual Service Plan Update" (the "2026
Annual Service Plan Update") which includes the updated Assessment Roll, and acts
as the Annual Service Plan Update to the Service and Assessment Plan for 2026, and
now desires to proceed with the adoption of this Ordinance which approves and adopts
the 2026 Annual Service Plan Update and updated Assessment Roll for the District as
required by the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, TEXAS, THAT:
SECTION 1.The findings and determinations set forth in the preambles hereto are
hereby incorporated by reference for all purposes.
SECTION 2.Terms not otherwise defined herein are defined in 2026 Annual Service
Plan Update attached hereto as Exhibit A.
SECTION 3.The 2026 Annual Service Plan Update is hereby approved and accepted
by the City Council.
SECTION 4. If any provision, section, subsection, sentence , clause or phrase of this
Ordinance, or the application of same to any person or set of circumstances is for any
reason held to be unconstitutional, void or invalid, the validity of the remaining portions
of this Ordinance or the application to other persons or sets of circumstances shall not
be affect thereby, it being the intent of the City Council that no portion hereof, or
provision or regulation contained herein shall become inoperative or fail by reason of
any unconstitutionality, voidness or invalidity of any other portion here, and all
provisions of this Ordinance are declared to be severable for that purpose.
SECTION 5. In accordance with Section 372.013(e) of the PID Act, the City Secretary
is directed to cause a copy of this Ordinance, including the Annual Service Plan
Update to the Service and Assessment Plan for 2026, to be filed with the County Clerk
of Lamar County to be recorded in the real property records of Lamar County, not later
than the seventh day after the date the City Council adopts this Ordinance approving
the Annual Service Plan Update to the Service and Assessment Plan for 2026.
SECTION 6.This Ordinance shall take effect immediately from and after its final date of
passage, and it is accordingly so ordered.
PASSED AND APPROVED by the City Council of the City of Paris, Texas, the
27th day of July, 2026.
. Y pF%'��
.. Mihir Pankaj, Mayor
ATTEST:
J 'ce Ellis, City Secretari////,,, ,,,,,���`
Exhibit A
2026 Annual Service Plan Update
[Remainder of page left intentionally blank.]
S0 0 0 f
WIltbaf on
PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 ANNUAL SERVICE PLAN UPDATE
J U LY 27, 2026
F1
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
PARCEL SUBDIVISION
Improvement Area #1
■ The final plat of Forestbrook Estates Subdivision, Phase One was filed and recorded with
the County as document number 526A on August 28, 2025.
LOT AND HOME SALES
Current ownership within the District is based on information provided by the Developer and
available information and is subject to change as development occurs and property is conveyed.
Updated ownership and development information for Assessments securing PID Bonds may be
available through continuing disclosure filings accessible via the MSRB's EMMA by searching for
the District. For Assessments securing reimbursement obligations to the Developer, the summary
of current ownership within the property securing such Assessment is based on information
provided by the Developer and other publicly available records. See Exhibit C for buyer
disclosures.
AUTHORIZED IMPROVEMENTS
A summary of the Authorized Improvements, including the original estimated costs of the
Authorized Improvements and allocation of such costs, is provided in the A&R SAP. The
Authorized Improvements and estimated costs as described in the A&R SAP are for Assessment
purposes and do not represent a guarantee of construction timing or Actual Costs.
Information regarding the status of Authorized Improvements, including construction progress,
estimated completion timing, and budget information, including any updates to the original
estimates of costs, is based on information provided by the Developer and other available project
information at the time such information is compiled. Such information may be updated from
time to time.
OUTSTANDING ASSESSMENT
Improvement Area #1:
Improvement Area #1 has an outstanding Assessment of $1,966,000.
Information for Assessments securing PID Bonds may be available through continuing disclosure
filings accessible via EMMA website by searching for the District. For Assessments securing
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1
2026 ANNUAL SERVICE PLAN UPDATE 3
reimbursement obligations to the Developer, the summary of current construction status within
the property securing such Assessment is based on information provided by the Developer and
other publicly available records. A debt service schedule is attached as Exhibit B.
ANNUAL INSTALLMENT DUE 1/31/2027
Improvement Area #1
■ Principal and Interest — The total principal and interest required for the Annual
Installment is shown below.
■ Additional Interest—Additional Interest is collected and deposited into an account of the
Reserve Fund. The Additional Interest is calculated in accordance with the governing
documents, resulting in Improvement Area #1 Annual Installment as shown below.
Principal $ 24,000.00
Interest 120,417.50
$ 144,417.50
Additional Interest $ 9,830.00
Annual Collection Costs $ 61,775.60
Annual Installment $ 216,023.10
■ Annual Collection Costs—The cost of administering the District shall be paid for on a pro
rata basis by each Parcel based on the amount of outstanding Assessment remaining on
the Parcel. The total Annual Collection Costs budgeted for the Annual Installment for
Improvement Area #1 is shown below.
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 4
2026 ANNUAL SERVICE PLAN UPDATE
m9mL11 @A@T&M @9@09 M9@dKbM
Administration
$ 30,600.00
City Auditor
1,000.00
Filing Fees
1,000.00
County Collection
1,000.00
PID Trustee Fees
4,500.00
Draw Request Review
11,500.00
P3Works Dev/Issuer CDA Review
4,025.00
Collection Cost Maintenance Balance
10,000.00
Less CCMB Credit from Prior Years
(3,349.40)
Arbitrage Calculation
1,500.00
Total Annual Collection Costs
$ 61,775.60
PREPAYMENT OF ASSESSMENTS.
Information regarding any full or partial Prepayments of the Assessments are reflected in the
corresponding Assessment Roll.
EXTRAORDINARY OPTIONAL REDEMPTIONS.
Information relating to any redemptions, including extraordinary optional redemption of any PID
Bonds, may be available through continuing disclosure filings accessible via EMMA website by
searching for the District.
SERVICE PLAN — FIVE YEAR BUDGET FORECAST
The PID Act requires the annual indebtedness and projected costs for the Authorized
Improvements to be reviewed and updated in the Annual Service Plan Update, and the projection
shall cover a period of not less than five years, and is included below:
Principal $ 24,000.00 $ 25,000.00 $ 36,000.00 $ 38,000.00 $ 40,000.00
Interest 120,417.50 118,947.50 117,416.26 115,211.26 112,883.76
(1) $ 144,417.50 $ 143,947.50 $ 153,416.26 $ 153,211.26 $ 152,883.76
Additional Interest (2) $ 9,830.00 $ 9,710.00 $ 9,585.00 $ 9,405.00 $ 9,215.00
Annual Collection Costs (3) $ 61,775.60 $ 54,697.50 $ 55,791.45 $ 56,907.28 $ 58,045.42
Total Annual Installment Due (4) = (1) + (2) + (3) $ 216,023.10 $ 208,355.00 $ 218,792.71 $ 219,523.54 $ 220,144.18
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1 5
2026 ANNUAL SERVICE PLAN UPDATE
ASSESSMENT ROLL
The list of current Parcels or Lots within the District, the corresponding total Assessments, and
current Annual Installment are shown on the corresponding Assessment Roll attached hereto as
Exhibit A. The Annual Installment due on each Parcel or Lot may be updated to reflect
prepayments and/or redemptions paid prior to the Annual Installment being billed to the owner
of the Parcel or Lot. The Parcels or Lots of Assessed Property shown on the corresponding
Assessment Roll will receive the bills for the 2026 Annual Installments which will be delinquent if
not paid by January 31, 2027. The Parcel IDs shown within an Assessment Roll are subject to
change based on the final certified rolls provided by the County prior to billing.
ADDITIONAL INFORMATION
If the owner of a Parcel claims that an error has been made in any Assessment Roll required by
the A&R SAP, a prior Annual Service Plan Update, or this 2026 Annual Service Plan Update, the
owner's sole and exclusive remedy shall be to submit a written notice of error to the
Administrator (at admin@p3-works.com) by December 1st of the year in connection with the
approval of such year's Annual Service Plan Update. Otherwise, the owner shall be deemed to
have unconditionally approved and accepted the Annual Service Plan Update. The Administrator
shall provide a written response to the Governing Body and the owner not later than 30 days
after receipt of such written notice of error by the Administrator. The Governing Body shall
consider the owner's notice of error and the Administrator's response at a public meeting, and,
not later than 30 days after closing such meeting, the Governing Body shall make a final
determination as to whether an error has been made. If the Governing Body determines that an
error has been made, the Governing Body shall take such corrective action as is authorized by
the PID Act, this 2026 Annual Service Plan Update, the applicable Assessment Ordinance, the
applicable Indenture, or as otherwise authorized by the discretionary power of the Governing
Body. The determination by the Governing Body as to whether an error has been made, and any
corrective action taken by the Governing Body shall be final and binding on the owner and the
Administrator.
PORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1
2026 ANNUAL SERVICE PLAN UPDATE 6
EXHIBIT A - IMPROVEMENT AREA #1 ASSESSMENT ROLL
Property ID[al
Lot Type
Outstanding
Assessment
[b]
Annual
due
Installment
1/31/2027["
132532
Lot Type 1
$
22,597.70
$
2,483.02
132599
Lot Type 1
$
22,597.70
$
2,483.02
132598
Lot Type 1
$
22,597.70
$
2,483.02
132597
Lot Type 1
$
22,597.70
$
2,483.02
132596
Lot Type 1
$
22,597.70
$
2,483.02
132595
Lot Type 1
$
22,597.70
$
2,483.02
132594
Lot Type 1
$
22,597.70
$
2,483.02
132593
Lot Type 1
$
22,597.70
$
2,483.02
132592
Lot Type 1
$
22,597.70
$
2,483.02
132600
Lot Type 1
$
22,597.70
$
2,483.02
132591
Lot Type 1
$
22,597.70
$
2,483.02
132589
Lot Type 1
$
22,597.70
$
2,483.02
132588
Lot Type 1
$
22,597.70
$
2,483.02
132587
Lot Type 1
$
22,597.70
$
2,483.02
132586
Lot Type 1
$
22,597.70
$
2,483.02
132585
Lot Type 1
$
22,597.70
$
2,483.02
132584
Lot Type 1
$
22,597.70
$
2,483.02
132583
Lot Type 1
$
22,597.70
$
2,483.02
132582
Lot Type 1
$
22,597.70
$
2,483.02
132590
Lot Type 1
$
22,597.70
$
2,483.02
132581
Lot Type 1
$
22,597.70
$
2,483.02
132601
Lot Type 1
$
22,597.70
$
2,483.02
132603
Lot Type 1
$
22,597.70
$
2,483.02
132621
Lot Type 1
$
22,597.70
$
2,483.02
132620
Lot Type 1
$
22,597.70
$
2,483.02
132619
Lot Type 1
$
22,597.70
$
2,483.02
132618
Lot Type 1
$
22,597.70
$
2,483.02
132617
Lot Type 1
$
22,597.70
$
2,483.02
132616
Lot Type 1
$
22,597.70
$
2,483.02
132615
Lot Type 1
$
22,597.70
$
2,483.02
132614
Lot Type 1
$
22,597.70
$
2,483.02
132602
Lot Type 1
$
22,597.70
$
2,483.02
132613
Lot Type 1
$
22,597.70
$
2,483.02
132611
Lot Type 1
$
22,597.70
$
2,483.02
132610
Lot Type 1
$
22,597.70
$
2,483.02
132609
Lot Type 1
$
22,597.70
$
2,483.02
132608
Lot Type 1
$
22,597.70
$
2,483.02
132607
Lot Type 1
$
22,597.70
$
2,483.02
132606
Lot Type 1
$
22,597.70
$
2,483.02
132605
Lot Type 1
$
22,597.70
$
2,483.02
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1
2026 ANNUAL SERVICE PLAN UPDATE
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1
2026 ANNUAL SERVICE PLAN UPDATE
Outstanding
Property ID[a]
Lot Type
Assessment
[b]
due 1/31/2027'd'-
132604
Lot Type 1
$
22,597.70
$
2,483.02
132612
Lot Type 1
$
22,597.70
$
2,483.02
132622
Lot Type 1
$
22,597.70
$
2,483.02
132580
Lot Type 1
$
22,597.70
$
2,483.02
132578
Lot Type 1
$
22,597.70
$
2,483.02
132552
Lot Type 1
$
22,597.70
$
2,483.02
132551
Lot Type 1
$
22,597.70
$
2,483.02
132550
Lot Type 1
$
22,597.70
$
2,483.02
132549
Lot Type 1
$
22,597.70
$
2,483.02
132548
Lot Type 1
$
22,597.70
$
2,483.02
132547
Lot Type 1
$
22,597.70
$
2,483.02
132546
Lot Type 1
$
22,597.70
$
2,483.02
132545
Lot Type 1
$
22,597.70
$
2,483.02
132553
Lot Type 1
$
22,597.70
$
2,483.02
132544
Lot Type 1
$
22,597.70
$
2,483.02
132542
Lot Type 1
$
22,597.70
$
2,483.02
132541
Lot Type 1
$
22,597.70
$
2,483.02
132540
Lot Type 1
$
22,597.70
$
2,483.02
132539
Lot Type 1
$
22,597.70
$
2,483.02
132538
Lot Type 1
$
22,597.70
$
2,483.02
132537
Lot Type 1
$
22,597.70
$
2,483.02
132536
Lot Type 1
$
22,597.70
$
2,483.02
132535
Lot Type 1
$
22,597.70
$
2,483.02
132543
Lot Type 1
$
22,597.70
$
2,483.02
132579
Lot Type 1
$
22,597.70
$
2,483.02
132554
Lot Type 1
$
22,597.70
$
2,483.02
132556
Lot Type 1
$
22,597.70
$
2,483.02
132577
Lot Type 1
$
22,597.70
$
2,483.02
132576
Lot Type 1
$
22,597.70
$
2,483.02
132575
Lot Type 1
$
22,597.70
$
2,483.02
132574
Lot Type 1
$
22,597.70
$
2,483.02
132573
Lot Type 1
$
22,597.70
$
2,483.02
132572
Lot Type 1
$
22,597.70
$
2,483.02
132571
Lot Type 1
$
22,597.70
$
2,483.02
132570
Lot Type 1
$
22,597.70
$
2,483.02
132555
Lot Type 1
$
22,597.70
$
2,483.02
132569
Lot Type 1
$
22,597.70
$
2,483.02
132567
Lot Type 1
$
22,597.70
$
2,483.02
132566
Lot Type 1
$
22,597.70
$
2,483.02
132565 1
Lot Type 1 1
$
22,597.70
$
2,483.02
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO.1
2026 ANNUAL SERVICE PLAN UPDATE
Footnotes:
[a] Property IDs preliminary and subject to change based on the final
certified rolls provided by the County prior to billing.
[b] Outstanding Assessment prior to 1/31/2027 Annual Installment.
[c] Totals may not match Service Plan or Annual Installment schedule due to
rounding.
[d] The Annual Installment due on each Parcel or Lot may be updated to
reflect prepayments and/or redemptions paid prior to the Annual
Installment being billed to the owner of the Parcel or Lot.
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1
2026 ANNUAL SERVICE PLAN UPDATE
EXHIBIT B - IMPROVEMENT AREA #1 BONDS DEBT SERVICE SCHEDULE
BOND DEB€ SERVICE
[Sty of Paris, Texas,
Spetial Assessment Revenue Bondi, Series 2023
(ForeOrook Public Improvement District No. i Improvement Area P1 Project)
Bonds Callable 911in33 at Paw
FINAL NUMBERS
Period
Ending
P ildpal
Coupon
Interest
,DehtService
09/01/2026
46,000
6.125%
96,87640
142,876.40
09101/2027
24,000
6.125%
120,417.50
14017.50
09/01/2028
25,000
6.125%
112,947.S0
U9,947 -S0
09/01/2029
36,000
6.125%
117,11626
153/41626
09/01/2030
38,000
6,125%
115,-11.26
153,211.26
09101/2031
40,000
6.125%
112,883.76
152,883.76
09/01/2032
41,000
6.125%
110,433.76
151,433.76
09101/2033
43,000
6.125%
107,92250
150A22.50
09101/2034
45,000
6.125%
105,288.76
15088.76
09101/2035
47,000
612556
102,532.50
149,53290
09101/2036
4.9,090
6.125%
99,653.76
148,653.76
09101/2037
52,000
6.125%
96,652.50
148,652.50
09101/2038
54,000
6.125%
93,467.50
147,46790
09101/2039
57,000
6.175%
90,160.00
147,160.00
09101/2040
59,000
6.175%
86,668.76
145,66676
09101/2041
62,000
6.125%
83,055.00
145055.00
09101/2042
66,000
6.125%
7957.50
144,257.50
09101/2043
69,000
6.125%
757626
144,27626
091OV2044
72,000
6.125%
71AS0.00
UBAS0.00
09/01/2045
76,000
6.125%
66,640.00
142,640.00
09/01/2046
80,000
6.125%
61,985.00
241,985.00
0910112047
84,000
6.125%
57,085.00
1411185.00
09101/2048
88,009
6.125%
51,940.00
139,940.00
09/01/2049
92,000
6.125%
46,550.00
138,550.00
09/01/2050
97,000
6.125%
40915.00
137,915.00
09101/2051
102,000
6,125%
34,973.76
136,973.76
09101/2052
103,000
6.125%
28,72626
196,72626
09101/2053
114,000
6,125%
22,111.26
136,111.26
09/01/2054
120,000
6.125%
15,128:76
135,128.76
09/01/2055
127,000
6.125%
7,778.76
134,778.76
2,012,ow
2,319,005.28
4,329,005.28
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1 10
2026 ANNUAL SERVICE PLAN UPDATE
LL-- EXHIBIT C — BUYER DISCLOSURES
Buyer disclosures for the following Lot Types are found in this Exhibit:
■ Improvement Area #1
o Lot Type 1
FORESTBROOK PUBLIC IMPROVEMENT DISTRICT NO. 1, IMPROVEMENT AREA #1.
LOT TYPE 1 BUYER DISCLOSURE
NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT
A person who proposes to sell or otherwise convey real property that is located in a public
improvement district established under Subchapter A, Chapter 372, Local Government Code
(except for public improvement districts described under Section 372.005), or Chapter 382,
Local Government Code, shall first give to the purchaser of the property this written notice,
signed by the seller.
For the purposes of this notice, a contract for the purchase and sale of real property having a
performance period of less than six months is considered a sale requiring the notice set forth below.
This notice requirement does not apply to a transfer:
1) under a court order or foreclosure sale;
2) by a trustee in bankruptcy;
3) to a mortgagee by a mortgagor or successor in interest or to a beneficiary
of a deed of trust by a trustor or successor in interest;
4) by a mortgagee or a beneficiary under a deed of trust who has acquired the
land at a sale conducted under a power of sale under a deed of trust or a sale
under a court-ordered foreclosure or has acquired the land by a deed in lieu of
foreclosure;
5) by a fiduciary in the course of the administration of a decedent's
estate, guardianship, conservatorship, or trust;
6) from one co-owner to another co-owner of an undivided interest in the
real property;
7) to a spouse or a person in the lineal line of consanguinity of the seller;
8) to or from a governmental entity; or
9) of only a mineral interest, leasehold interest, or security interest.
The following notice shall be given to a prospective purchaserbefore the execution of a binding
contract of purchase and sale, either separately or as an addendum or paragraph of a purchase
contract. In the event a contract of purchase and sale is entered into without the seller having
provided the required notice, the purchaser, subject to certain exceptions, is entitled to terminate
the contract.
A separate copy of this notice shall be executed by the seller and the purchaser and must be
filed in the real property records of the county in which the property is located at the closing of
the purchase and sale of the property.
AFTER RECORDING' RETURN TO:
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO
CITY OF PARIS, TEXAS
CONCERNING THE FOLLOWING PROPERTY
STREET ADDRESS
IMPROVEMENT AREA #1 LOT TYPE 1 PRINCIPAL ASSESSMENT: $22,597.70
As the purchaser of the real property described above, you are obligated to pay
assessments to the City of Paris, Texas, (the "City"), for the costs of a portion of a public
improvement or services project (the "Authorized Improvements") undertaken for the benefit of
thepropertywithin ForestbrookPublic lmprovementDistrictNo.1(the "District") createdunder
Subchapter A, Chapter 372, Local Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE
AUTHORIZED IMPROVEMENTS, WHICH MAY BE PAID IN FULL AT ANY TIME. IF
THE ASSESSMENT IS NOT PAID IN FULL, IT WILL BE DUE AND PAYABLE IN
ANNUAL INSTALLMENTS THAT WILL VARY FROM YEAR TO YEAR DEPENDING
ON THE AMOUNT OF INTEREST PAID, COLLECTION COSTS, ADMINISTRATIVE
COSTS, AND DELINQUENCY COSTS.
The exact amount of the assessment may be obtained from the City. The exact amount
of each annual installment will be approved each year by the City of Paris, Texas, City Council
in the annual service plan update for the District. More information about the assessments,
including the amounts and due dates, may be obtained from the City.
Your failure to pay any assessment or any annual installment may result in penalties and
interest being added to what you owe or in a lien on and the foreclosure of your property.
'To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and
sale and to be recorded in the deed records of Collin County when updating for the Current Information of Obligation to Pay Improvement
District Assessment.
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above.
DATE:
SIGNATURE OF PURCHASER
DATE:
SIGNATURE OF PURCHASER
The undersigned seller acknowledges providing this notice to the potential purchaser
before the effective date of a binding contract for the purchase of the real property at the address
described above.
DATE:
SIGNATURE OF SELLER
DATE:
SIGNATURE OF SELLER]
I To be included in copy of the notice required by Section 5.014, Tex. Prop. Code, to be executed by seller in accordance with Section 5.014(a-
1), Tex. Prop. Code.
Signature Page to Initial Notice
of Obligation to Pay Improvement District Assessment
[The undersigned purchaser acknowledges receipt of this notice before the effective date
of a binding contract for the purchase of the real property at the address described above. The
undersigned purchaser acknowledged the receipt of this notice including the current
information required by Section 5.0143, Texas Property Code, as amended.
DATE:
DATE:
SIGNATURE OF PURCHASER SIGNATURE OF PURCHASER
STATE OF TEXAS
COUNTY OF
The foregoing instrument was acknowledged before me by and
, known to me to be the person(s) whose name(s) is/are subscribed to the
foregoing instrument, and acknowledged to me that he or she executed the same for the
purposes therein expressed.
Given under my hand and seal of office on this
Notary Public, State of Texas]3
, 20_.
3 To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and
sale and to be recorded in the deed records of Collin County.
Purchaser Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
[The undersigned seller acknowledges providing a separate copy of the notice required by
Section 5.014 of the Texas Property Code including the current information required by Section
5.0143, Texas Property Code, as amended, at the closing of the purchase of the real property at the
address above.
DATE:
SIGNATURE OF SELLER
STATE OF TEXAS
COUNTY OF
DATE:
SIGNATURE OF SELLER
The foregoing instrument was acknowledged before me by and
, known to me to be the person(s) whose name(s) is/are subscribed to the
foregoing instrument, and acknowledged to me that he or she executed the same for the purposes
therein expressed.
Given under my hand and seal of office on this , 20 .
Notary Public, State of Texas]4
^ To be included in separate copy of the notice required by Section 5.0143, Tex. Prop. Code, to be executed at the closing of the purchase and sale and
to be recorded in the deed records of Collin County.
Seller Signature Page to Final Notice with Current Information
of Obligation to Pay Improvement District Assessment
ANNUAL INSTALLMENTS - IMPROVEMENT AREA #1 LOT TYPE 1
2027
$
275.86
$
1,384.11
$
112.99
$
710.06
$
2,483.02
2028
$
287.36
$
1,367.21
$
111.61
$
628.71
$
2,394.89
2029
$
413.79
$
1,349.61
$
110.17
$
641.28
$
2,514.86
2030
$
436.78
$
1,324.27
$
108.10
$
654.11
$
2,523.26
2031
$
459.77
$
1,297.51
$
105.92
$
667.19
$
2,530.39
2032
$
471.26
$
1,269.35
$
103.62
$
680.53
$
2,524.77
2033
$
494.25
$
1,240.49
$
101.26
$
694.14
$
2,530.15
2034
$
517.24
$
1,210.22
$
98.79
$
708.03
$
2,534.28
2035
$
540.23
$
1,178.53
$
96.21
$
722.19
$
2,537.16
2036
$
563.22
$
1,145.45
$
93.51
$
736.63
$
2,538.80
2037
$
597.70
$
1,110.95
$
90.69
$
751.36
$
2,550.70
2038
$
620.69
$
1,074.34
$
87.70
$
766.39
$
2,549.12
2039
$
655.17
$
1,036.32
$
84.60
$
781.72
$
2,557.81
2040
$
678.16
$
996.19
$
81.32
$
797.35
$
2,553.03
2041
$
712.64
$
954.66
$
77.93
$
813.30
$
2,558.53
2042
$
747.13
$
911.01
$
74.37
$
829.57
$
2,562.07
2043
$
793.10
$
865.24
$
70.63
$
846.16
$
2,575.14
2044
$
827.59
$
816.67
$
66.67
$
863.08
$
2,574.00
2045
$
873.56
$
765.98
$
62.53
$
880.34
$
2,582.41
2046
$
919.54
$
712.47
$
58.16
$
897.95
$
2,588.12
2047
$
965.52
$
656.15
$
53.56
$
915.91
$
2,591.14
2048
$
1,011.49
$
597.01
$
48.74
$
934.23
$
2,591.47
2049
$
1,057.47
$
535.06
$
43.68
$
952.91
$
2,589.12
2050
$
1,114.94
$
470.29
$
38.39
$
971.97
$
2,595.59
2051
$
1,172.41
$
402.00
$
32.82
$
991.41
$
2,598.63
2052
$
1,241.38
$
330.19
$
26.95
$
1,011.24
$
2,609.76
2053
$
1,310.34
$
254.15
$
20.75
$
1,031.46
$
2,616.70
2054
$
1,379.31
$
173.89
$
14.20
$
1,052.09
$
2,619.49
2055
$
1,459.77
$
89.41
$
7.30
$
1,073.13
$
2,629.61
Total
$
22,597.70
$
25,518.72
$
2,083.16
$
24,004.42
$
74,204.00
Footnotes.
[a] Interest on the Improvement Area #1 Bonds is 6.125%.
[b] The figures shown above are estimates only and subject to change in Annual Service Plan Updates.
Changes in Annual Collection Costs, reserve fund requirements, interest earnings, or other available offsets
could increase or decrease the amounts shown.
Annual Installment Schedule to Notice
of Obligation to Pay Improvement District Assessment