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Ord 2024-038 approving the 2024 Annual Service Plan Update for the Trace Public Improvement District
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Ord 2024-038 approving the 2024 Annual Service Plan Update for the Trace Public Improvement District
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10/3/2024 4:57:51 PM
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Approving
Number
2024-038
Date
9/3/2024
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On October 3, 2022, the City Council approved the 2022 Annual Service Plan Update for the <br /> District by Ordinance No. 2022-79, which updated the Assessment Roll for 2022. <br /> On October 17, 2023, the City approved the 2023 Annual Service Plan Update for the District by <br /> adopting Ordinance No. 2023-76 which updated the Assessment Roll for 2023. <br /> On December 19, 2023, the City approved the 2023 SAP by adopting Ordinance No. 23046546, <br /> which served to amend and restate the January 2019 Annual Service Plan Update, as updated <br /> and amended, in its entirety,forthe purposes of(1) incorporating provisions relating to the City's <br /> issuance of Additional PID Bonds, and (2) updating the Assessment Roll. <br /> The 2023 SAP identified the Authorized Improvements to be constructed for the benefit of the <br /> Assessed Parcels within the District,the costs of the Authorized Improvements,the indebtedness <br /> to be incurred for the Authorized Improvements, and the manner of assessing the property in <br /> the District for the costs of the Authorized Improvements. Pursuant to the PID Act, the 2023 SAP <br /> must be reviewed and updated annually. This document is the Annual Service Plan Update for <br /> 2024. <br /> The City Council also adopted an Assessment Roll identifying the Assessments on each Lot within <br /> the District, based on the method of assessment identified in the 2023 SAP. This 2024 Annual <br /> Service Plan Update also updates the Assessment Roll for 2024. <br /> [Remainder of page left intentionally blank] <br /> iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillilillillillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillillilliillillillilliillillillillillillillillillillillillillilliillillillillillI <br /> TRACE PUBLIC IMPROVEMENT DISTRICT 3 <br /> 2024 ANNUAL SERVICE PLAN UPDATE <br />
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