21 | 26 | | District No. 3. |
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22 | 27 | | Sec. 3965.0102. CREATION AND NATURE OF DISTRICT. The |
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23 | 28 | | district is a special district created under Sections 52 and 52-a, |
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24 | 29 | | Article III, and Section 59, Article XVI, Texas Constitution. |
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25 | 30 | | Sec. 3965.0103. PURPOSE; LEGISLATIVE FINDINGS. (a) The |
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26 | 31 | | creation of the district is essential to accomplish the purposes of |
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27 | 32 | | Sections 52 and 52-a, Article III, and Section 59, Article XVI, |
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28 | 33 | | Texas Constitution, and other public purposes stated in this |
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29 | 34 | | chapter. By creating the district and in authorizing the city and |
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30 | 35 | | other political subdivisions to contract with the district, the |
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31 | 36 | | legislature has established a program to accomplish the public |
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32 | 37 | | purposes set out in Section 52-a, Article III, Texas Constitution. |
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33 | 38 | | (b) The creation of the district is necessary to promote, |
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34 | 39 | | develop, encourage, and maintain employment, commerce, |
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35 | 40 | | transportation, housing, tourism, recreation, the arts, |
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36 | 41 | | entertainment, economic development, safety, and the public |
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37 | 42 | | welfare in the district. |
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38 | 43 | | (c) This chapter and the creation of the district may not be |
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39 | 44 | | interpreted to relieve the city from providing the level of |
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40 | 45 | | services provided to the area in the district as of the effective |
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41 | 46 | | date of the Act enacting this chapter. The district is created to |
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42 | 47 | | supplement and not to supplant the city services provided in the |
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43 | 48 | | district. |
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44 | 49 | | Sec. 3965.0104. FINDINGS OF BENEFIT AND PUBLIC PURPOSE. |
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45 | 50 | | (a) The district is created to serve a public use and benefit. |
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46 | 51 | | (b) All land and other property included in the district |
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47 | 52 | | will benefit from the improvements and services to be provided by |
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48 | 53 | | the district under powers conferred by Sections 52 and 52-a, |
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49 | 54 | | Article III, and Section 59, Article XVI, Texas Constitution, and |
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50 | 55 | | other powers granted under this chapter. |
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51 | 56 | | (c) The district is created to accomplish the purposes of a |
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52 | 57 | | municipal management district as provided by general law and |
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53 | 58 | | Sections 52 and 52-a, Article III, and Section 59, Article XVI, |
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54 | 59 | | Texas Constitution. |
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55 | 60 | | (d) The creation of the district is in the public interest |
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56 | 61 | | and is essential to: |
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57 | 62 | | (1) further the public purposes of developing and |
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58 | 63 | | diversifying the economy of the state; |
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59 | 64 | | (2) eliminate unemployment and underemployment; |
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60 | 65 | | (3) develop or expand transportation and commerce; and |
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61 | 66 | | (4) provide quality residential housing. |
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62 | 67 | | (e) The district will: |
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63 | 68 | | (1) promote the health, safety, and general welfare of |
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64 | 69 | | residents, employers, potential employees, employees, visitors, |
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65 | 70 | | and consumers in the district, and of the public; |
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66 | 71 | | (2) provide needed funding for the district to |
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67 | 72 | | preserve, maintain, and enhance the economic health and vitality of |
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68 | 73 | | the district territory as a community and business center; and |
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69 | 74 | | (3) promote the health, safety, welfare, and enjoyment |
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70 | 75 | | of the public by providing pedestrian ways and by landscaping and |
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71 | 76 | | developing certain areas in the district, which are necessary for |
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72 | 77 | | the restoration, preservation, and enhancement of scenic beauty. |
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73 | 78 | | (f) Pedestrian ways along or across a street, whether at |
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74 | 79 | | grade or above or below the surface, and street lighting, street |
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75 | 80 | | landscaping, parking, and street art objects are parts of and |
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76 | 81 | | necessary components of a street and are considered to be a street |
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77 | 82 | | or road improvement. |
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78 | 83 | | (g) The district will not act as the agent or |
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79 | 84 | | instrumentality of any private interest even though the district |
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80 | 85 | | will benefit many private interests as well as the public. |
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81 | 86 | | Sec. 3965.0105. DISTRICT TERRITORY. (a) The district is |
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82 | 87 | | composed of the territory described by Section 2 of the Act enacting |
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83 | 88 | | this chapter, as that territory may have been modified under other |
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84 | 89 | | law. |
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85 | 90 | | (b) The boundaries and field notes contained in Section 2 of |
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86 | 91 | | the Act enacting this chapter form a closure. A mistake in the |
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87 | 92 | | field notes or in copying the field notes in the legislative process |
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88 | 93 | | does not affect the district's: |
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89 | 94 | | (1) organization, existence, or validity; |
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90 | 95 | | (2) right to contract; |
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91 | 96 | | (3) authority to borrow money or issue bonds or other |
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92 | 97 | | obligations described by Section 3965.0601 or to pay the principal |
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93 | 98 | | and interest of the bonds or other obligations; |
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94 | 99 | | (4) right to impose or collect an assessment, or |
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95 | 100 | | collect other revenue; or |
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96 | 101 | | (5) legality or operation. |
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97 | 102 | | Sec. 3965.0106. APPLICABILITY OF MUNICIPAL MANAGEMENT |
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98 | 103 | | DISTRICTS LAW. Except as otherwise provided by this chapter, |
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99 | 104 | | Chapter 375, Local Government Code, applies to the district. |
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100 | 105 | | Sec. 3965.0107. CONSTRUCTION OF CHAPTER. This chapter |
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101 | 106 | | shall be liberally construed in conformity with the findings and |
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102 | 107 | | purposes stated in this chapter. |
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103 | 108 | | Sec. 3965.0108. CONFLICTS OF LAW. This chapter prevails |
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104 | 109 | | over any provision of Chapter 375, Local Government Code, that is in |
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105 | 110 | | conflict or inconsistent with this chapter. |
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106 | 111 | | Sec. 3965.0109. CONSENT OF MUNICIPALITY REQUIRED. The |
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107 | 112 | | board may not hold an election to authorize the issuance of bonds |
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108 | 113 | | until the governing body of the city by ordinance or resolution |
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109 | 114 | | consents to the creation of the district and to the inclusion of |
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110 | 115 | | land in the district. The city's consent must be granted in the |
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111 | 116 | | manner provided by Section 54.016, Water Code, for including land |
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112 | 117 | | within the corporate limits or extraterritorial jurisdiction of a |
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113 | 118 | | city. |
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114 | 119 | | Sec. 3965.0110. EFFECT OF ANNEXATION. Notwithstanding any |
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115 | 120 | | other law, if all or any part of the territory of the district is |
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116 | 121 | | annexed by the city into the city's corporate limits, the district |
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117 | 122 | | retains all of the district's outstanding debt and obligations and |
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118 | 123 | | continues to operate under this chapter until the district is |
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119 | 124 | | dissolved under Subchapter G. |
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120 | 125 | | SUBCHAPTER B. BOARD OF DIRECTORS |
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121 | 126 | | Sec. 3965.0201. GOVERNING BODY; TERMS. The district is |
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122 | 127 | | governed by a board of five directors who serve staggered terms of |
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123 | 128 | | four years, with two or three directors' terms expiring June 1 of |
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124 | 129 | | each odd-numbered year. One director is appointed by the city, and |
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125 | 130 | | four directors are appointed by the commission as provided by |
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126 | 131 | | Sections 3965.0202 and 3965.0203, respectively. |
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127 | 132 | | Sec. 3965.0202. APPOINTMENT AND REMOVAL OF DIRECTOR |
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128 | 133 | | APPOINTED BY CITY. (a) The governing body of the city shall |
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129 | 134 | | appoint one director who must be: |
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130 | 135 | | (1) at least 18 years of age; and |
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131 | 136 | | (2) a resident of the city. |
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132 | 137 | | (b) At any time the governing body of the city may remove the |
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133 | 138 | | director appointed by the city and appoint a director to serve the |
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134 | 139 | | remainder of the removed director's term. |
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135 | 140 | | Sec. 3965.0203. APPOINTMENT BY COMMISSION. (a) Before the |
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136 | 141 | | term of a director other than a director appointed under Section |
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137 | 142 | | 3965.0202 expires, the board shall recommend to the commission the |
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138 | 143 | | appropriate number of persons to serve as successor directors. The |
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139 | 144 | | commission shall appoint as directors the persons recommended by |
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140 | 145 | | the board. |
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141 | 146 | | (b) A person recommended by the board under Subsection (a) |
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142 | 147 | | must be: |
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143 | 148 | | (1) at least 18 years of age; |
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144 | 149 | | (2) an owner of property in the district; |
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145 | 150 | | (3) an owner of stock, whether beneficial or |
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146 | 151 | | otherwise, of a corporate owner of property in the district; |
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147 | 152 | | (4) an owner of a beneficial interest in a trust that |
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148 | 153 | | owns property in the district; or |
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149 | 154 | | (5) an agent, employee, or tenant of a person |
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150 | 155 | | described by Subdivision (2), (3), or (4). |
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151 | 156 | | Sec. 3965.0204. VACANCY. If a vacancy occurs on the board, |
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152 | 157 | | the remaining directors shall appoint a director for the remainder |
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153 | 158 | | of the unexpired term. |
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154 | 159 | | Sec. 3965.0205. DIRECTOR'S OATH OR AFFIRMATION. (a) A |
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155 | 160 | | director shall file the director's oath or affirmation of office |
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156 | 161 | | with the district, and the district shall retain the oath or |
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157 | 162 | | affirmation in the district records. |
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158 | 163 | | (b) A director shall file a copy of the director's oath or |
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159 | 164 | | affirmation with the secretary of the city. |
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160 | 165 | | Sec. 3965.0206. OFFICERS. The board shall elect from among |
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161 | 166 | | the directors a chair, a vice chair, and a secretary. The offices |
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162 | 167 | | of chair and secretary may not be held by the same person. |
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163 | 168 | | Sec. 3965.0207. COMPENSATION; EXPENSES. (a) The district |
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164 | 169 | | may compensate each director in an amount not to exceed $150 for |
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165 | 170 | | each board meeting. The total amount of compensation a director may |
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166 | 171 | | receive each year may not exceed $7,200. |
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167 | 172 | | (b) A director is entitled to reimbursement for necessary |
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168 | 173 | | and reasonable expenses incurred in carrying out the duties and |
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169 | 174 | | responsibilities of the board. |
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170 | 175 | | Sec. 3965.0208. LIABILITY INSURANCE. The district may |
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171 | 176 | | obtain and pay for comprehensive general liability insurance |
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172 | 177 | | coverage from a commercial insurance company or other source that |
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173 | 178 | | protects and insures a director against personal liability and from |
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174 | 179 | | all claims relating to: |
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175 | 180 | | (1) actions taken by the director in the director's |
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176 | 181 | | capacity as a member of the board; |
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177 | 182 | | (2) actions and activities taken by the district; or |
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178 | 183 | | (3) the actions of others acting on behalf of the |
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179 | 184 | | district. |
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180 | 185 | | Sec. 3965.0209. NO EXECUTIVE COMMITTEE. The board may not |
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181 | 186 | | create an executive committee to exercise the powers of the board. |
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182 | 187 | | Sec. 3965.0210. BOARD MEETINGS. The board shall hold |
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183 | 188 | | meetings at a place that is accessible to the public and located in |
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184 | 189 | | the district or in the city. |
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185 | 190 | | Sec. 3965.0211. INITIAL DIRECTORS. (a) On or after |
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186 | 191 | | September 1, 2019, the owner or owners of a majority of the assessed |
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187 | 192 | | value of the real property in the district according to the most |
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188 | 193 | | recent certified tax appraisal rolls for the county may submit a |
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189 | 194 | | petition to the commission requesting that the commission appoint |
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190 | 195 | | as initial directors the four persons named in the petition. The |
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191 | 196 | | commission shall appoint as initial directors the four persons |
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192 | 197 | | named in the petition. |
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193 | 198 | | (b) The governing body of the city shall appoint one initial |
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194 | 199 | | director. |
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195 | 200 | | (c) The initial directors shall determine by lot which three |
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196 | 201 | | positions expire June 1, 2021, and which two positions expire June |
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197 | 202 | | 1, 2023. |
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198 | 203 | | (d) This section expires September 1, 2021. |
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199 | 204 | | SUBCHAPTER C. POWERS AND DUTIES |
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200 | 205 | | Sec. 3965.0301. GENERAL POWERS AND DUTIES. The district |
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201 | 206 | | has the powers and duties necessary to accomplish the purposes for |
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202 | 207 | | which the district is created. |
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203 | 208 | | Sec. 3965.0302. IMPROVEMENT PROJECTS AND SERVICES. (a) |
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204 | 209 | | Subject to Subsection (b), the district may provide, design, |
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205 | 210 | | construct, acquire, improve, relocate, operate, maintain, or |
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206 | 211 | | finance an improvement project or service using money available to |
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207 | 212 | | the district, or contract with a governmental or private entity to |
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208 | 213 | | provide, design, construct, acquire, improve, relocate, operate, |
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209 | 214 | | maintain, or finance an improvement project or service authorized |
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210 | 215 | | under this chapter or Chapter 375, Local Government Code. |
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211 | 216 | | (b) The district may not construct or finance an improvement |
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212 | 217 | | project, other than a water, sewer, or drainage facility or road, |
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213 | 218 | | unless the governing body of the city by ordinance or resolution |
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214 | 219 | | consents to the construction or financing. |
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215 | 220 | | (c) The district may issue bonds, notes, or other |
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216 | 221 | | obligations to maintain or repair an existing improvement project |
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217 | 222 | | only if the governing body of the city by ordinance or resolution |
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218 | 223 | | consents to the issuance. |
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219 | 224 | | Sec. 3965.0303. LOCATION OF IMPROVEMENT PROJECT. A |
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220 | 225 | | district improvement project may be located inside or outside of |
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221 | 226 | | the district. |
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222 | 227 | | Sec. 3965.0304. OWNERSHIP OF IMPROVEMENT PROJECTS. (a) |
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223 | 228 | | Before a district improvement project may be put into operation, |
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224 | 229 | | the district must transfer ownership of the project to the city. |
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225 | 230 | | (b) The transfer of ownership is complete on the city's |
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226 | 231 | | acceptance of ownership. |
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227 | 232 | | Sec. 3965.0305. RETAIL WATER AND SEWER SERVICES PROHIBITED. |
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228 | 233 | | The district may not provide retail water or sewer services. |
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229 | 234 | | Sec. 3965.0306. ADDING OR REMOVING TERRITORY. (a) Subject |
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230 | 235 | | to Subsections (b), (c), and (d), the board may add or remove |
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231 | 236 | | territory as provided by Subchapter J, Chapter 49, Water Code. |
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232 | 237 | | (b) The district may add territory as described by |
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233 | 238 | | Subsection (a) only if the governing body of the city by ordinance |
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234 | 239 | | or resolution consents to the addition. |
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235 | 240 | | (c) The district and all districts created under Subchapter |
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236 | 241 | | D collectively may add a total area of not more than 200 acres. |
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237 | 242 | | (d) Territory added under Subsection (a) must be located in |
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238 | 243 | | the corporate limits of the city. |
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239 | 244 | | Sec. 3965.0307. NO EMINENT DOMAIN POWER. The district may |
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240 | 245 | | not exercise the power of eminent domain. |
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241 | 246 | | SUBCHAPTER D. DIVISION OF DISTRICT INTO MULTIPLE DISTRICTS |
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242 | 247 | | Sec. 3965.0401. DIVISION OF DISTRICT; PREREQUISITES. The |
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243 | 248 | | district, including territory added to the district under Section |
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244 | 249 | | 3965.0306, may be divided into two or more new districts only if the |
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245 | 250 | | district has no outstanding bonded debt. Territory previously |
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246 | 251 | | added to the district under Section 3965.0306 may be included in a |
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247 | 252 | | new district. |
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248 | 253 | | Sec. 3965.0402. LAW APPLICABLE TO NEW DISTRICT. This |
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249 | 254 | | chapter applies to any new district created by division of the |
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250 | 255 | | district, and a new district has all the powers and duties of the |
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251 | 256 | | district. |
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252 | 257 | | Sec. 3965.0403. DIVISION PROCEDURES. (a) The board, on its |
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253 | 258 | | own motion or on receipt of a petition signed by an owner of real |
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254 | 259 | | property in the district, may adopt an order proposing to divide the |
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255 | 260 | | district. |
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256 | 261 | | (b) If the board decides to divide the district, the board |
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257 | 262 | | shall: |
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258 | 263 | | (1) set the terms of the division, including names for |
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259 | 264 | | the new districts and a plan for the payment or performance of any |
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260 | 265 | | outstanding district obligations; |
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261 | 266 | | (2) prepare a metes and bounds description for each |
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262 | 267 | | proposed district; and |
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263 | 268 | | (3) appoint four initial directors for each new |
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264 | 269 | | district. |
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265 | 270 | | (c) The governing body of the city shall appoint one |
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266 | 271 | | director for each new district. |
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267 | 272 | | Sec. 3965.0404. CONTRACT AUTHORITY OF NEW DISTRICTS. The |
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268 | 273 | | new districts may contract with each other for any matter the boards |
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269 | 274 | | of the new districts consider appropriate, including the joint |
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270 | 275 | | construction or financing of a utility improvement. |
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271 | 276 | | SUBCHAPTER E. GENERAL FINANCIAL PROVISIONS; ASSESSMENTS |
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272 | 277 | | Sec. 3965.0501. DISBURSEMENTS AND TRANSFERS OF MONEY. The |
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273 | 278 | | board by resolution shall establish the number of directors' |
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274 | 279 | | signatures and the procedure required for a disbursement or |
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275 | 280 | | transfer of the district's money. |
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276 | 281 | | Sec. 3965.0502. MONEY USED FOR IMPROVEMENTS OR SERVICES. |
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277 | 282 | | The district may acquire, construct, or finance an improvement |
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278 | 283 | | project or service authorized by this chapter or Chapter 375, Local |
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279 | 284 | | Government Code, using any money available to the district. |
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280 | 285 | | Sec. 3965.0503. METHOD OF NOTICE FOR HEARING. The district |
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281 | 286 | | may mail the notice required by Section 375.115(c), Local |
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282 | 287 | | Government Code, by certified or first class United States mail. |
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283 | 288 | | The board shall determine the method of notice. |
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284 | 289 | | Sec. 3965.0504. ASSESSMENTS; LIENS FOR ASSESSMENTS. (a) |
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285 | 290 | | The board by resolution may impose and collect an assessment for any |
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286 | 291 | | purpose authorized by this chapter in all or any part of the |
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287 | 292 | | district. |
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288 | 293 | | (b) An assessment, a reassessment, or an assessment |
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289 | 294 | | resulting from an addition to or correction of the assessment roll |
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290 | 295 | | by the district, penalties and interest on an assessment or |
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291 | 296 | | reassessment, an expense of collection, and reasonable attorney's |
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292 | 297 | | fees incurred by the district are: |
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293 | 298 | | (1) a first and prior lien against the property |
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294 | 299 | | assessed; |
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295 | 300 | | (2) superior to any other lien or claim other than a |
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296 | 301 | | lien or claim for county, school district, or municipal ad valorem |
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297 | 302 | | taxes; and |
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298 | 303 | | (3) the personal liability of and a charge against the |
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299 | 304 | | owners of the property even if the owners are not named in the |
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300 | 305 | | assessment proceedings. |
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301 | 306 | | (c) The lien is effective from the date of the board's |
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302 | 307 | | resolution imposing the assessment until the date the assessment is |
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303 | 308 | | paid. The board may enforce the lien in the same manner that the |
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304 | 309 | | board may enforce an ad valorem tax lien against real property. |
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305 | 310 | | (d) The board may make a correction to or deletion from the |
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306 | 311 | | assessment roll that does not increase the amount of assessment of |
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307 | 312 | | any parcel of land without providing notice and holding a hearing in |
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308 | 313 | | the manner required for additional assessments. |
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309 | 314 | | (e) The district may not impose an assessment on a |
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310 | 315 | | municipality, county, or other political subdivision. |
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311 | 316 | | Sec. 3965.0505. NOTICE OF ASSESSMENTS. Annually, the board |
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312 | 317 | | shall file with the secretary of the city written notice that |
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313 | 318 | | specifies the assessments the district will impose in the |
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314 | 319 | | district's next fiscal year in sufficient clarity to describe the |
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315 | 320 | | assessments for the operation and maintenance of the district and |
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316 | 321 | | the assessments for the payment of debt service of obligations |
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317 | 322 | | issued or incurred by the district. |
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318 | 323 | | SUBCHAPTER F. TAXES AND BONDS |
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319 | 324 | | Sec. 3965.0601. BONDS AND OTHER OBLIGATIONS. (a) The |
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320 | 325 | | district may issue, by public or private sale, bonds, notes, or |
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321 | 326 | | other obligations payable wholly or partly from ad valorem taxes or |
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322 | 327 | | assessments in the manner provided by Subchapter A, Chapter 372, or |
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323 | 328 | | Subchapter J, Chapter 375, Local Government Code. Sections |
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324 | 329 | | 375.207(a) and (b), Local Government Code, do not apply to the |
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325 | 330 | | district. |
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326 | 331 | | (b) In exercising the district's borrowing power, the |
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327 | 332 | | district may issue a bond or other obligation in the form of a bond, |
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328 | 333 | | note, certificate of participation or other instrument evidencing a |
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329 | 334 | | proportionate interest in payments to be made by the district, or |
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330 | 335 | | other type of obligation. |
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331 | 336 | | (c) In addition to the sources of money described by |
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332 | 337 | | Subchapter A, Chapter 372, and Subchapter J, Chapter 375, Local |
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333 | 338 | | Government Code, district bonds may be secured and made payable |
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334 | 339 | | wholly or partly by a pledge of any part of the money the district |
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335 | 340 | | receives from improvement revenue or from any other source. |
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336 | 341 | | (d) Not later than the 30th day before the date the district |
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337 | 342 | | holds a bond sale, the district shall provide the governing body of |
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338 | 343 | | the city written notice of the sale. |
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339 | 344 | | SUBCHAPTER G. DISSOLUTION |
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340 | 345 | | Sec. 3965.0701. DISSOLUTION BY CITY ORDINANCE. (a) The |
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341 | 346 | | governing body of the city may dissolve the district by ordinance. |
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342 | 347 | | (b) The governing body may not dissolve the district until: |
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343 | 348 | | (1) water, sanitary, sewer, and drainage improvements |
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344 | 349 | | and roads have been constructed to serve at least 90 percent of the |
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345 | 350 | | developable territory of the district; and |
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346 | 351 | | (2) the district has reimbursed each party that has an |
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347 | 352 | | agreement with the district for all costs advanced to or on behalf |
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348 | 353 | | of the district. |
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349 | 354 | | (c) Until the district is dissolved, the district is |
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350 | 355 | | responsible for all bonds and other obligations of the district. |
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351 | 356 | | Sec. 3965.0702. COLLECTION OF ASSESSMENTS AND OTHER |
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352 | 357 | | REVENUE. (a) If the dissolved district has bonds or other |
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353 | 358 | | obligations outstanding secured by and payable from assessments or |
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354 | 359 | | other revenue, other than revenue from ad valorem taxes, the city |
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355 | 360 | | shall succeed to the rights and obligations of the district |
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356 | 361 | | regarding enforcement and collection of the assessments or other |
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357 | 362 | | revenue. |
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358 | 363 | | (b) The city shall have and exercise all district powers to |
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359 | 364 | | enforce and collect the assessments or other revenue to pay: |
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360 | 365 | | (1) the bonds or other obligations when due and |
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361 | 366 | | payable according to their terms; or |
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362 | 367 | | (2) special revenue or assessment bonds or other |
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363 | 368 | | obligations issued by the city to refund the outstanding bonds or |
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364 | 369 | | obligations. |
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365 | 370 | | Sec. 3965.0703. ASSUMPTION OF ASSETS AND LIABILITIES. (a) |
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366 | 371 | | After the city dissolves the district, the city assumes, subject to |
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367 | 372 | | the appropriation and availability of funds, the obligations of the |
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368 | 373 | | district, including any bonds or other debt payable from |
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369 | 374 | | assessments or other district revenue. |
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370 | 375 | | (b) If the city dissolves the district, the board shall |
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371 | 376 | | transfer ownership of all district property to the city. |
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372 | 377 | | SUBCHAPTER H. SPECIAL BOND PROVISIONS |
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373 | 378 | | Sec. 3965.0801. APPLICABILITY. This subchapter applies |
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374 | 379 | | only to bonds payable wholly or partly from revenue derived from |
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375 | 380 | | assessments on real property in the district. |
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376 | 381 | | Sec. 3965.0802. CONFLICT OF LAWS. In the event of a |
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377 | 382 | | conflict between this subchapter and any other law, this subchapter |
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378 | 383 | | prevails. |
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379 | 384 | | Sec. 3965.0803. WRITTEN AGREEMENT REGARDING SPECIAL |
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380 | 385 | | APPRAISALS. Before the district may issue bonds, the district and |
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381 | 386 | | any person to whom the board intends that proceeds of the bonds be |
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382 | 387 | | distributed, including the developer, another owner of land in the |
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383 | 388 | | district, and any entity acting as a lender to the developer or |
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384 | 389 | | other landowner for the purpose of a project relating to the |
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385 | 390 | | district, must enter into a written agreement that: |
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386 | 391 | | (1) waives for the term of the agreement the right to a |
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387 | 392 | | special appraisal with respect to taxation by the district under |
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388 | 393 | | Subchapters B, C, D, E, F, and H, Chapter 23, Tax Code; and |
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389 | 394 | | (2) remains in effect for 30 years and is binding on |
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390 | 395 | | the parties, on entities related to or affiliated with the parties, |
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391 | 396 | | and on their successors and assignees. |
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392 | 397 | | Sec. 3965.0804. REQUIREMENTS FOR ADVERTISING BOND ISSUE. A |
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393 | 398 | | district may not advertise for an issuance of bonds until the |
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394 | 399 | | completion of at least 25 percent of the projected value of the |
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395 | 400 | | improvements, including houses and other buildings, that are liable |
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396 | 401 | | for district assessments and necessary to support the district |
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397 | 402 | | bonds. |
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398 | 403 | | Sec. 3965.0805. REQUIREMENTS FOR BOND ISSUE. The district |
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399 | 404 | | may not issue bonds until: |
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400 | 405 | | (1) the district submits to the commission: |
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401 | 406 | | (A) an engineer's report describing the project |
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402 | 407 | | for which the bonds will provide funding, including data, profiles, |
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403 | 408 | | maps, plans, and specifications related to the project; and |
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404 | 409 | | (B) a cash flow analysis to determine the |
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405 | 410 | | projected rate of assessment, which includes the following |
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406 | 411 | | assumptions: |
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407 | 412 | | (i) each ending balance for debt service in |
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408 | 413 | | the analysis is not less than 25 percent of the following year's |
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409 | 414 | | debt service requirement; |
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410 | 415 | | (ii) interest income is only shown on the |
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411 | 416 | | ending balance for debt service for the first two years; and |
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412 | 417 | | (iii) the projected rate of assessment is |
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413 | 418 | | level or decreasing for the life of the bonds issued by the |
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414 | 419 | | district; |
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415 | 420 | | (2) the completion of at least 75 percent of the |
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416 | 421 | | projected value of the improvements, including houses and other |
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417 | 422 | | buildings, that are liable for district assessments and necessary |
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418 | 423 | | to support the district bonds; and |
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419 | 424 | | (3) the district has obtained an independent market |
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420 | 425 | | study from a firm recognized in the area of real estate market |
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421 | 426 | | analysis supporting the development projects for the real property |
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422 | 427 | | that is liable for district assessments and necessary to support |
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423 | 428 | | the district bonds. |
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424 | 429 | | Sec. 3965.0806. REQUIREMENTS FOR COLLECTION OF REVENUE TO |
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425 | 430 | | PAY BONDS. The district may not collect an assessment to be used |
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426 | 431 | | for the payment of bonds until: |
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427 | 432 | | (1) the completion of at least 95 percent of the |
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428 | 433 | | underground water, wastewater, and drainage facilities financed |
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429 | 434 | | from bond proceeds that are necessary to serve the projected |
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430 | 435 | | build-out, as certified by the district's engineer; |
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431 | 436 | | (2) the district or other appropriate party has |
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432 | 437 | | secured the groundwater, surface water, and water discharge permits |
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433 | 438 | | that are necessary to secure capacity to support the projected |
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434 | 439 | | build-out; |
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435 | 440 | | (3) the completion of at least 95 percent of lift |
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436 | 441 | | station, water plant, and sewage treatment plant capacity |
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437 | 442 | | sufficient to serve the connections constructed in the project for |
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438 | 443 | | a period of not less than 18 months, as certified by the district's |
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439 | 444 | | engineer; and |
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440 | 445 | | (4) the completion of at least 95 percent of the |
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441 | 446 | | streets and roads that are necessary to provide access to the areas |
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442 | 447 | | served by utilities and financed by the proceeds of bonds issued by |
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443 | 448 | | the district, as certified by the district's engineer and |
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444 | 449 | | constructed in accordance with municipal or county standards. |
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445 | 450 | | SECTION 2. The Celina Municipal Management District No. 3 |
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446 | 451 | | initially includes all the territory contained in the following |
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447 | 452 | | area: |
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448 | 453 | | All that certain tract or parcel of land lying and being situated in |
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449 | 454 | | Denton County, Texas, a part of the Texas & Pacific Railway Survey, |
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450 | 455 | | Abstract No. 1299, and being and including all that same tract said |
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451 | 456 | | to contain 61.58 acres, more or less, as described in a deed to |
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452 | 457 | | Godwin Family Investments, Ltd., recorded under Clerk's File |
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453 | 458 | | No. 04-0035436, said tract or parcel of land is herein described as |
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454 | 459 | | follows to wit: |
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455 | 460 | | BEGINNING at an 1/2 inch iron rod set in Smiley Road (a County Road |
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456 | 461 | | running in a Northerly and Southerly direction) for the Northeast |
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457 | 462 | | corner of said Texas & Pacific Railway Survey and the Northeast |
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458 | 463 | | corner of the premises here described, said corner being the |
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459 | 464 | | Southeast corner of WILLOW WOOD, an addition to Denton County |
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460 | 465 | | according to the plat thereof recorded in Cabinet M, page 260 of the |
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461 | 466 | | Denton County Plat Records, an 1/2 inch iron rod found for witness |
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462 | 467 | | bears North89 degrees 44 minutes 31 seconds West 27.56 feet; |
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463 | 468 | | THENCE with Smiley Road and the East line of said Texas & Pacific |
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464 | 469 | | Railway Survey, South 00 degrees 30 minutes 10 seconds West 1321.66 |
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465 | 470 | | feet to an 1/2 inch iron rod found for corner, said corner being the |
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466 | 471 | | Northeast corner of a record 62.35 acre tract described in a deed to |
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467 | 472 | | Sekine Saraj, et al, recorded under Clerk's File No. 04-0005473; |
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468 | 473 | | THENCE North 89 degrees 25 minutes 27 seconds West at 28.05 feet |
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469 | 474 | | passing an 1/2 inch iron rod set for witness on the West margin of |
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470 | 475 | | Smiley Road and in all a total distance of 2040.69 feet to a 3/4 inch |
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471 | 476 | | iron rod found for the Northwestcorner of said 62.35 acre tract and |
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472 | 477 | | the Southeast corner hereof; |
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473 | 478 | | THENCE North 01 degrees 05 minutes 30 seconds East 18.26 feet to an |
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474 | 479 | | 1/2 inch iron rod found for corner, same being an angle point in the |
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475 | 480 | | East line of a record 324.61 acre tract described in a Deed to Rita |
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476 | 481 | | A. Sorrells, recorded in Volume 4381, Page 1 of the Real Property |
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477 | 482 | | Records of Denton County; |
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478 | 483 | | THENCE North 00 degrees 44 minutes 22 seconds East 856.37 feet to an |
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479 | 484 | | 1/2 inch iron rod found at an angle point of said 324.61 acre tract; |
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480 | 485 | | THENCE North 00 degrees 43 minutes 49 seconds East 435.74 feet to an |
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481 | 486 | | 1/2 inch iron rod found for corner on the North line of said Texas & |
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482 | 487 | | Pacific Railway Survey, said corner being a Northeasterly corner of |
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483 | 488 | | said 324.61 acre tract, said corner also being the Southwest corner |
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484 | 489 | | of said WILLOW Wood Addition; |
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485 | 490 | | THENCE along the South line of WILLOW WOOD addition, South 89 |
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486 | 491 | | degrees 44 minutes 31 seconds East a distance of 2035.25 feet to the |
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487 | 492 | | Place of BEGINNING and containing 61.57 acres of land. |
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488 | 493 | | All that certain tract or parcel of land lying and being situated in |
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489 | 494 | | Denton County, Texas, a part of the W.S. Ray Survey, Abstract |
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490 | 495 | | No. 1105, the A.E. Norwood Survey, Abstract No. 969, the J. Ray |
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491 | 496 | | Survey, Abstract No. 1104, the T. & P. Railroad Survey, Abstract |
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492 | 497 | | No. 1299 and the Thomas B. Cox Survey, Abstract No. 309, and being |
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493 | 498 | | and including all that same land conveyed to Rita L. SorrelIs in a |
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494 | 499 | | Correction Substitute Trustee's Deed recorded in Volume 4381, page |
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495 | 500 | | 1 of the Real Property Records of Denton County, said tract or |
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496 | 501 | | parcel of land is herein described as follows; to wit: |
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497 | 502 | | BEGINNING at an 1/2 inch iron rod found on the Southeast |
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498 | 503 | | right-of-way line of F.M. Highway No. 428 at the Northerly |
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499 | 504 | | termination corner of a boundary line described in a Boundary Line |
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500 | 505 | | Agreement recorded under Denton County Clerk's File |
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501 | 506 | | No. 98-R0022137, said corner being the Northwest corner of the |
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502 | 507 | | premises herein described, |
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503 | 508 | | THENCE along the Southeast right-of-way line of said F.M. Highway |
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504 | 509 | | as follows: |
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505 | 510 | | 1) North 48 degrees 43 minutes 38 seconds East 1792.49 feet to an |
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506 | 511 | | 1/2 inch iron rod found; |
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507 | 512 | | 2) North 48 degrees 44 minutes 09 seconds East 248.64 feet to an |
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508 | 513 | | 1/2 inch iron rod found; |
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509 | 514 | | 3) North 45 degrees 58 minutes 51 seconds East 100.06 feet to an |
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510 | 515 | | 1/2 inch iron rod found, and |
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511 | 516 | | 4) North 48 degrees 43 minutes 17 seconds East 673.75 feet to an |
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512 | 517 | | 1/2 inch iron rod found for the Northeast corner hereof, said corner |
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513 | 518 | | being the Northwest corner of the Willow Wood, an addition to Denton |
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514 | 519 | | County according to the plat thereof recorded in Cabinet M, page 260 |
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515 | 520 | | of the Plat Records of Denton County; |
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516 | 521 | | THENCE South 22 degrees 31 minutes 00 seconds East 1066.49 feet to |
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517 | 522 | | an 1/2 inch iron rod found at an angle corner hereof, said corner |
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518 | 523 | | being a Southwesterly corner of said Willow Wood; |
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519 | 524 | | THENCE South 46 degrees 49 minutes 39 seconds East 640.13 feet to an |
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520 | 525 | | 1/2 inch iron rod found for corner, said corner being the Southwest |
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521 | 526 | | corner of Willow Wood; |
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522 | 527 | | THENCE South 00 degrees 45 minutes 11 seconds West 436.11 feet to an |
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523 | 528 | | 1/2 inch iron rod found for corner; |
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524 | 529 | | THENCE South 00 degrees 44 minutes 22 seconds West 856.37 feet to an |
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525 | 530 | | 1/2 inch iron rod found for corner; |
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526 | 531 | | THENCE South 01 degrees 05 minutes 30 seconds West 18.26 feet to a |
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527 | 532 | | 3/4 inch iron rod found at the Southwest corner of a record 61.58 |
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528 | 533 | | acre tract described in a Deed recorded in Volume 1554, page 883 of |
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529 | 534 | | the Real Property Records of Denton County; |
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530 | 535 | | THENCE South 00 degrees 33 minutes 36 seconds West 1324.91 feet to |
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531 | 536 | | an 1/2 inch iron rod found for corner; |
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532 | 537 | | THENCE South 89 degrees 51 minutes 55 seconds West 704.96 feet to an |
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533 | 538 | | 1/2 inch iron rod found for a re-entrant corner hereof; |
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534 | 539 | | THENCE South 00 degrees 26 minutes 35 seconds West 1810.06 feet to |
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535 | 540 | | an 1/2 inch iron rod found for corner; |
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536 | 541 | | THENCE South 00 degrees 00 minutes 58 seconds West 865.64 feet to an |
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537 | 542 | | 1/2 inch iron rod found in the center of an unimproved lane known as |
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538 | 543 | | Crutchfield Road; |
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539 | 544 | | THENCE North 89 degrees 36 minutes 31 seconds West along a line |
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540 | 545 | | following the approximate center of said unimproved lane a distance |
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541 | 546 | | of 1947.13 feet to a point for the Southeast corner of a record |
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542 | 547 | | 40.00 acre tract described in a Deed to Frisco West, LTD., recorded |
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543 | 548 | | under Denton County Clerk's File No. 97-R0090325, said corner being |
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544 | 549 | | the Southwest corner hereof; |
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545 | 550 | | THENCE North 00 degrees 13 minutes 01 seconds East 4017.88 feet to |
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546 | 551 | | an 1/2 inch iron rod found at the Northeast corner of said record |
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547 | 552 | | 40.00 acre tract for a re-entrant corner hereof; |
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548 | 553 | | THENCE North 88 degrees 52 minutes 02 seconds West 310.88 feet to an |
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549 | 554 | | 1/2 inch iron rod found for a corner of said boundary line described |
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550 | 555 | | in said Boundary Line Agreement; |
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551 | 556 | | THENCE North 00 degrees 17 minutes 43 seconds East a distance of |
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552 | 557 | | 838.26 feet to the Place of BEGINNING and containing 324.64 acres of |
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553 | 558 | | land. |
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554 | 559 | | SECTION 3. (a) The legal notice of the intention to |
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555 | 560 | | introduce this Act, setting forth the general substance of this |
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556 | 561 | | Act, has been published as provided by law, and the notice and a |
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557 | 562 | | copy of this Act have been furnished to all persons, agencies, |
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558 | 563 | | officials, or entities to which they are required to be furnished |
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559 | 564 | | under Section 59, Article XVI, Texas Constitution, and Chapter 313, |
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560 | 565 | | Government Code. |
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561 | 566 | | (b) The governor, one of the required recipients, has |
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562 | 567 | | submitted the notice and Act to the Texas Commission on |
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563 | 568 | | Environmental Quality. |
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564 | 569 | | (c) The Texas Commission on Environmental Quality has filed |
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565 | 570 | | its recommendations relating to this Act with the governor, |
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566 | 571 | | lieutenant governor, and speaker of the house of representatives |
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567 | 572 | | within the required time. |
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568 | 573 | | (d) All requirements of the constitution and laws of this |
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569 | 574 | | state and the rules and procedures of the legislature with respect |
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570 | 575 | | to the notice, introduction, and passage of this Act have been |
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571 | 576 | | fulfilled and accomplished. |
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572 | 577 | | SECTION 4. This Act takes effect September 1, 2019. |
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