Res 2016-150/approving the Landowner Agreement and Notice of Special Assessments Agreement with Highpointe Trace, LLC for the Trace Public Improvement District (PID).

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• Special Assessment Methodology for Additional Improvement PID Bonds When, and if, the issuance of Additional Improvement PID Bonds are contemplated, this SAP will be amended to determine the assessment methodology necessary to apply equal shares of the Additional Special Assessments to the Actual Costs of the Additional Public Improvements on the Assessed Property similarly benefited. The Special Assessment and Annual Installments for each Parcel or Lot located in the PID are shown on the Assessment Roll. The Special Assessment allocated to each such Parcel or Lot will not be changed except as authorized by this SAP or the PID Act. Table lV-C summarizes the initial allocation of the Special Assessment relating to the Major Public Improvement PID Bonds for the Assessed Property at the time the Assessment Ordinance relating to the Major Public Improvement PID Bonds was adopted by the City Council. Annendix D presents the estimated Additional Special Assessment for each Parcel or Lot assuming the issuance of Additional Improvement PID Bonds. It is expected that these Additional Special Assessments will be levied prior to sale of homes to homeowners.