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ARTICLE XIV <br /> ANNEXATION <br /> Section 14.01 Annexation by City. <br /> a. Except as provided in Subpart b. below, pursuant to this Agreement,the Property shall remain in the <br /> ETJ of City and shall be immune from full purpose annexation by City;provided,however, City may <br /> annex land within the Municipal Utility District for full purpose during the Term upon the earlier of <br /> (a) at least ninety percent (90%) by dollar amount of the total water, sanitary sewer, drainage and <br /> road facilities (the "Infrastructure") for which district bonds may be authorized have been <br /> constructed, and the Owner has been fully reimbursed by the district for such improvements in <br /> accordance with rules of Texas Commission on Environmental Quality; or(b)the dissolution of such <br /> municipal utility district(other than as a result of annexation by the City). If all or any portion of the <br /> Property is annexed, the City shall not prevent Owner from using such Property in a manner <br /> consistent with the Concept Plan and otherwise in accordance with the terms hereof. <br /> Contemporaneously with the annexation of any land within Cotton Center, City will zone any <br /> property within Cotton Center consistently with the land uses set forth on the Concept Plan and this <br /> Agreement; however, zoning for any developed property shall also be consistent with the land uses <br /> in existence on the date of the annexation insofar as practical. <br /> b. Pursuant to the terms of the Consent Agreement, a Strategic Partnership Agreement (as defined in <br /> the Consent Agreement) will set forth the timing and procedures for the City's annexation of <br /> Industrial and Regional Commercial Land portions of the Property in accordance with Section <br /> 43.0751 Texas Local Government Code and Section 2.04 of the City Charter. The Strategic <br /> Partnership Agreement shall permit the City to impose a sales and use tax on all eligible commercial <br /> and retail activities in areas annexed for limited purposes at the same rate it is imposed by the City, <br /> and that the City shall pay the Municipal Utility District or Sub-District (as defined in the Consent <br /> Agreement) an amount equal to forty percent(40%) of the Sales and Use Tax revenues collected and <br /> paid to the City as reflected in sales tax reports provided by the Comptroller to the City and the City <br /> will retain the remainder sixty percent (60%). <br /> Section 14.02 Consent to Future Annexation. Owner and all subsequent owners of property within Cotton <br /> Center voluntarily consent to annexation by the City upon the terms and conditions set forth in this Agreement. <br /> Notice to all subsequent owners of the property shall be evidenced by the Memorandum of Agreement attached <br /> as Exhibit F which will be recorded in the deed records of Caldwell County within 30 days of the bond election <br /> of the Municipal Utility District or any subsequent Sub-Districts. Additionally, a note covering the foregoing <br /> will be added to all final subdivision plats. <br /> Section 14.03 Temporary Housing. Owner may utilize manufactured or forms of temporary housing, trailers <br /> or buildings, together with individual septic systems for the municipal utility district creation and confirmation <br /> process. Temporary housing may be located upon any site within the Property for such purpose regardless if the <br /> land has been subdivided in accordance with the Applicable Requirements. Temporary housing for the <br /> municipality utility district and creation and confirmation process placed within the Project shall be limited to <br /> "ve (5) years for each Sub-District. <br /> .section 14.04 Directors Lots. The City agrees that any division of land for initial directors necessary for creation <br /> of the Municipal Utility District or any Sub-District shall be exempt from platting requirements. <br /> 35 <br />