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Council waives $13,585 in PID penalties after Forestbrook developer paid assessment
Summary
After Lonear Plan Developments paid a late assessment for Forestbrook PID No. 1, council voted to waive $13,585.17 in penalties and interest; staff said the payment averted a missed bond debt service payment and the city has no recommendation but sought council consideration.
The Paris City Council on March 23 voted to waive $13,585.17 in late fees and interest tied to a delinquent Forestbrook Public Improvement District assessment after the property owner immediately cured the payment.
City staff explained the city had issued bonds last October for Forestbrook PID No. 1 and assessments levied in…
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