Sec. 3902.257. NOTICE OF ASSESSMENTS. (a) The board shall annually file written notice with the secretary of the city that specifies the assessments the district will impose in the district's next fiscal year in sufficient clarity to describe the assessments for the operation and maintenance of the district and the assessments for the payment of debt service of obligations issued or incurred by the district.
(b) The board shall annually record in the deed records of Rockwall County a current assessment roll approved by the governing body of the city.
(c) The assessment roll must clearly state that the assessments in the assessment roll are in addition to the ad valorem taxes imposed by other taxing units that tax real property in the district.
(d) The district shall generate and implement a program to provide notification to a prospective purchaser of property in the district of the assessments that have been imposed by the district.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1195 (H.B. 3859), Sec. 1, eff. September 1, 2011.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3902 - Club Municipal Management District No. 1
Subchapter E. General Financial Provisions; Assessments
Section 3902.251. Disbursements and Transfers of Money
Section 3902.252. Money Used for Improvements or Services
Section 3902.253. Borrowing Money; Obligations
Section 3902.254. Development Agreement, Capital Improvement Plan, and Financial Plan Required
Section 3902.255. Quarterly Reporting
Section 3902.257. Notice of Assessments
Section 3902.258. Bonds for Road Projects
Section 3902.259. City Not Required to Pay District Obligations
Section 3902.260. Tax and Assessment Abatements
Section 3902.261. Residential Property Not Exempt