Relating to the creation of the North Oak Cliff Municipal Management District; providing the authority to impose an assessment, impose a tax, and issue bonds.
Impact
The creation of the North Oak Cliff Municipal Management District is intended to supplement city services, not replace them. The district will have various powers, including levying ad valorem taxes and implementing assessments on commercial properties. This will provide a substantial source of funding for improvement projects, which in turn is meant to increase the overall quality of life in the area. However, the district's authority must align with city resolutions, highlighting a collaborative approach to development between local governance and the district's board.
Summary
SB2501 aims to establish the North Oak Cliff Municipal Management District in Texas, which will empower the district to impose assessments, taxes, and issue bonds for various improvement projects. The bill is designed to invigorate local economic development by allowing the district to undertake initiatives that enhance infrastructure, promote tourism, and improve community services. Key areas for potential improvement projects include roads, parks, drainage systems, and other public facilities that cater to the needs of residents and businesses within the district's boundaries.
Contention
While the bill presents numerous opportunities for refreshing infrastructure and supporting local businesses, it is met with potential contention around the implications of imposed taxes and assessments on property owners. Residents may be concerned about the additional financial obligations associated with property assessments. Furthermore, the lack of eminent domain power aligns with the protection of property rights, but some may still question the process through which urban planning decisions will be made, especially regarding community involvement and transparency.
Identical
Relating to the creation of the North Oak Cliff Municipal Management District; providing the authority to impose an assessment, impose a tax, and issue bonds.
Relating to the creation of the Northeast Houston Redevelopment District; providing authority to issue bonds; providing authority to impose assessments or fees.
Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Jones Avenue Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the West Lake Ranch Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the Dallas Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the West Plains Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Prairie View Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Liberty County Management District No. 2; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the North Oak Cliff Municipal Management District; providing the authority to impose an assessment, impose a tax, and issue bonds.
Relating to the creation of the Grand Lake Estates Management District and the Montgomery County Municipal Utility District No. 152, and to the boundaries of the Harris County Municipal Utility District No. 465; providing authority to issue bonds; providing authority to impose assessments, fees, or taxes.
Relating to the creation of the New Park Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the SoGood Cedars Municipal Management District; providing authority to issue bonds; providing authority to impose assessments and fees.
Relating to the creation of the SoGood Cedars Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.
Relating to the creation of the Celina Municipal Management District No. 2; providing authority to issue bonds and impose assessments, fees, and taxes.