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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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LOT AND HOME SALES <br /> Per the Quarterly Report dated March 31, 2024, the lot ownership composition is provided <br /> below: <br /> ■ Developer Owned: <br /> o Lot Type 1: 0 Lots <br /> o Lot Type 2: 0 Lots <br /> o Lot Type 3: 0 Lots <br /> ■ Homebuilder Owned: <br /> o Lot Type 1: 86 Lots <br /> o Lot Type 2: 44 Lots <br /> o Lot Type 3: 357 Lots <br /> ■ End-User Owned: <br /> o Lot Type 1: 141 Lots <br /> o Lot Type 2: 68 Lots <br /> o Lot Type 3: 327 Lots <br /> See Exhibit D for the buyer disclosures. <br /> AUTHORIZED IMPROVEMENTS <br /> The Developer has completed the Authorized Improvements listed in the 2023 SAP and they were <br /> dedicated to the City in December 2023. <br /> OUTSTANDING ASSESSMENT <br /> Net of the principal bond payment due September 1, the District has an outstanding Assessment <br /> of$17,149,742.96. The outstanding Assessment is less than the $17,213,000 in outstanding PID <br /> Bonds due to prepayment of Assessment for which PID Bonds are not yet redeemed.$10,880,000 <br /> in outstanding Assessment is attributable to the Series 2019 Bonds and$6,333,000 in outstanding <br /> Assessment is attributable to the Series 2024 Bonds. <br /> iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillillillillillillilillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillillilliillillillillillillilliillillillillillillillillillillilliillillillillillI <br /> TRACE PUBLIC IMPROVEMENT DISTRICT 6 <br /> 2024 ANNUAL SERVICE PLAN UPDATE <br />
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