Laserfiche WebLink
“Annual Installment” means, with respect to each Parcel, each annual payment of: (i) the <br />Assessment (including the principal of and interest on), as shown on the Assessment Roll <br />attached hereto as Appendix A, as applicable, and calculated as provided in Section VI of <br />this 2018 SAP, (ii) Annual Collection Costs, and (iii) the Additional Interest. <br />“Annual Service Plan Update” means any update to this 2018 SAP. <br /> <br />“Assessed Property” or “Assessed Properties” means property on which Assessments <br />have been levied as shown on the Assessment Roll (as the same may be updated each year <br />by an Annual Service Plan Update) and which includes any and all Parcels within the PID <br />other than Non-Benefited Property. <br /> <br />“Assessment(s)” means the assessments levied against Assessed Property in the PID, as <br />provided for in the applicable Assessment Ordinance and in this 2018 SAP, including the <br />Initial Assessments, the Additional Special Assessments, and any supplemental assessments <br />or reallocation of assessments levied in accordance with Sections 372.019 and 372.020 of <br />the PID Act. <br /> <br />“Assessment Ordinance” means each ordinance adopted by the City Council levying the <br />Assessments, including the Ordinance 2016-42 levying the Initial Assessments, the <br />ordinance approving this 2018 SAP, and any future ordinance levying Assessments. <br /> <br />“Assessment Roll” means the Assessment Roll included in this 2018 SAP as Appendix A, <br />which may be updated, modified or amended from time to time in accordance with the <br />procedures set forth herein and in the PID Act, including updates prepared in connection <br />with the issuance of PID Bonds or in connection with any Annual Service Plan Update. <br /> <br />“City” means the City of San Marcos, Texas. <br /> <br />“City Council” means the City Council of City of San Marcos, Texas. <br /> <br />“County” means Hays County, Texas. <br /> <br />“Creation Date” means the date, October 20, 2015, the City Council approved Resolution No. <br />2015-145R which authorized the creation of the PID. <br /> <br />“Delinquent Collection Costs” means interest, penalties and expenses incurred or imposed <br />with respect to any delinquent Assessment, or an Annual Installment thereof, in accordance <br />with the PID Act which includes the costs related to pursuing collection of such delinquent <br />Assessment, or an Annual Installment thereof, and the costs related to foreclosing the lien <br />against the Assessed Property, including attorney’s fees. <br /> <br />“Fire Station Agreement” means that certain agreement entered into between the City and <br />the Landowner on November 2, 2015. <br />4 <br /> <br /> <br />