Ord 2020-037/approved an update to the Service and Assessment Plan for the Whisper Public Improvement District; making a finding of special benefit to the property in the district, levying additional assessments against property with the district; establi

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INTRODUCTION Capitalized terms used in this Service and Assessment Plan shall have the meanings given tVthem in Section I unless otherwise defined in this Service and Assessment Plan or unless the context in which eterno is used clearly requires a different meaning. Unless otherwise defined,a reference to a "Section" or an "Exhibit" shall be a reference to a Section of this Service and Assessment Plan or an Exhibit attached to and made a part of this Service and Assessment Plan for all purposes. On October 6, 2014(the "Creation Dmbe")the City passed and approved Resolution No. 2014- 143R authorizing the creation of the District in accordance with the PID Act Ol4'l43RauthoridnQthecreationoftheDisthctinaocordannevvkhtheP|DAct which authorization was effective upon publication as required bythe PID Act. The purpose of the District is to finance the Actual Costs of the Authorized Improvements for the benefit of property within the District. The District contains approximately 706.1 acnes within the corporate limits of the City, as described legally by metes and bounds on Exhibit A-1 and as depicted by the map on Exhibit 13- 1. Since the Creation Date, the Developer and/ or one or more of the Owners has caused the conveyance or dedication of right-of-way and other Non -Benefitted Property for public improvements (including without limitation Authorized Improvements) so that the Assessed Property isless than the amount ofthe property within the District. The PID Act requires a service plan covering a period of at least five years and defining the annual indebtedness and projected cost of the Authorized Improvements. The Service Plan is contained in Section |V. The PID Act also requires that the Service Plan include an assessment plan that assesses the Actual Costs of the Authorized Improvements against Assessed Property within the District based on the special benefits conferred on such property by the Authorized Improvements. The Assessment Plan is contained in Section V. The PID Act requires an Assessment Roll that states the Assessment against each Parcel determined bythe method chosen bythe City. The Assessment against each Assessed Property must be sufficient to pay the share of the Actual Costs apportioned to the Assessed Property and cannot exceed the special benefit conferred on the Assessed Property by the Authorized Improvements. The Assessment Roll iscontained inExhibit F. WHISPER PID SAP 3