Ord 2022-080/approving the 2022 Annual Service Plan Update for the Whisper Public Improvement District

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ETRODUCTION Capitalized terms used in this Annual Service Plan Update shall have the meanings set forth in the original Service and Assessment Plan approved June 2, 2020, unless the context in which a term is used clearly requires a different meaning. On October 6, 2014,the City Council approved Resolution No. 2014-143R, creating the District in accordance with the PID Act to finance certain Authorized Improvements for the benefit of certain property within the District. On June 2, 2020, the City Council approved the original Service and Assessment Plan and levied $14,300,000 in Assessments to finance the Authorized Improvements to be constructed for the benefit of the Assessed Property within the District by approving Ordinance No. 2020-37. The original Service and Assessment Plan identified the Authorized Improvements to be provided by 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. The City also adopted an Assessment Roll identifying the Assessment on each parcel within the District, based on the method of assessment identified in the original Service and Assessment Plan. On January 19, 2021, the City Council approved and adopted Ordinance No. 2021-22R which approved the 2021 Service Plan Update to Reallocate Assessments, which reallocated Assessments from Parcels shown in the original Service and Assessment Plan to newly created Parcels resulting from the sale of three Parcels to third parties within the District. On August 17, 2021, the City Council approved and adopted Ordinance No. 2021-151R which approved the 2021 Service Plan Update, which updated the Assessment Roll for 2021. Pursuant to the PID Act, the SAP must be reviewed and updated annually. This document is the 2022 Annual Service Plan Update.This document also updates the Assessment Roll for 2022. WHISPER PID 2022 ANNUAL SERVICE PLAN UPDATE 2