Sec. 3980.0109. CITY CONSENT; OPERATING AGREEMENT AND PROJECT AGREEMENT REQUIRED. (a) Except as provided in Subsection (c), before the district may exercise any powers under this chapter:
(1) the city must adopt an ordinance or resolution consenting to the creation of the district and to the inclusion of land in the district;
(2) the city and the district must negotiate and execute a mutually approved and accepted operating agreement; and
(3) the city and each developer of property in the district must negotiate and execute a project agreement.
(b) This chapter expires December 31, 2020, if:
(1) the city and the district have not executed the operating agreement required by Subsection (a)(2); or
(2) the city and each developer of property in the district have not executed a project agreement as required by Subsection (a)(3).
(c) The board has the powers necessary, convenient, or desirable to negotiate and execute a mutually approved and accepted operating agreement.
Added by Acts 2019, 86th Leg., R.S., Ch. 556 (H.B. 4683), Sec. 1, eff. June 10, 2019.
Structure Texas Statutes
Special District Local Laws Code
Title 4 - Development and Improvement
Subtitle C - Development, Improvement, and Management
Chapter 3980 - Hunter Ranch Improvement District No. 1 of Denton County, Texas
Subchapter A. General Provisions
Section 3980.0101. Definitions
Section 3980.0102. Nature of District
Section 3980.0103. Purpose; Declaration of Intent
Section 3980.0104. Findings of Benefit and Public Purpose
Section 3980.0105. Initial District Territory
Section 3980.0106. Eligibility for Inclusion in Special Zones
Section 3980.0107. Applicability of Municipal Management Districts Law
Section 3980.0108. Construction of Chapter
Section 3980.0109. City Consent; Operating Agreement and Project Agreement Required