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INTRODUCTION <br /> Capitalized terms used in this Annual Service Plan Update shall have the meanings set forth in <br /> the 2021 Service and Assessment Plan used for the issuance of PID Bonds, unless the context in <br /> which a term is used clearly requires a different meaning. <br /> On May 4, 2021, the City Council approved Resolution No. 2021-91R, creating the PID in <br /> accordance with the Act to finance certain Authorized Improvements for the benefit of certain <br /> property within the PID. <br /> On December 15, 2021, the City Council approved the Original SAP and levied $14,000,000 in <br /> Assessments to finance the Authorized Improvements to be constructed for the benefit of the <br /> Assessed Property within the PID by approving Ordinance No. 2021-97. The Original SAP <br /> identified the Authorized Improvements to be provided by the PID, the costs of the Authorized <br /> Improvements, the indebtedness to be incurred for the Authorized Improvements, and the <br /> manner of assessing the property in the PID for the costs of the Authorized Improvements. The <br /> City also adopted an Assessment Roll identifying the Assessment on each Lot within the PID, <br /> based on the method of assessment identified in the Original SAP. <br /> Pursuant to the Act,the SAP must be reviewed and updated annually.This document is the 2022 <br /> Annual Service Plan Update.This document also updates the Assessment Roll for 2022. <br /> WHISPER SOUTH PID 2022 ANNUAL SERVICE PLAN UPDATE 1 <br />