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B = the Assessment for the Parcel prior to subdivision <br />C = the sum of the Estimated Buildout Value of all newly subdivided Lots with the <br />same Lot Type <br />D = the sum of the Estimated Buildout Value for all the newly subdivided Lots <br />excluding Non -Benefitted Property <br />E= the number of Lots with the same Lot Type <br />Prior to the recording of a subdivision plat, the Developer shall provide the City an <br />Estimated Buildout Value as of the date of the recorded subdivision plat for each Lot <br />created by the recorded subdivision plat. <br />The sum of the Assessments for all newly subdivided Lots shall not exceed the Assessment <br />for the portion of the Assessed Property subdivided prior to subdivision. The calculation <br />shall be made separately for each newly subdivided Assessed Property. The reallocation <br />of an Assessment for an Assessed Property that is a homestead under Texas law may not <br />exceed the Assessment prior to the reallocation. Any reallocation pursuant to this section <br />shall be reflected in the next Annual Service Plan Update and approved by the City <br />Council. <br />3. Upon Consolidation <br />If two or more Lots or Parcels are consolidated, the Administrator shall allocate the <br />Assessments against the Lots or Parcels before the consolidation to the consolidated Lot <br />or Parcel, which allocation shall be approved by the City Council in the next Annual Service <br />Plan Update. <br />The Assessment for any resulting Lot will not exceed the Maximum Assessment, and compliance <br />may require a mandatory prepayment of Assessments pursuant to Section VI.B. <br />B. True -up of Assessments if Maximum Assessment Exceeded <br />If, based on a final subdivision plat, the Assessment for any Lot Type exceeds the Maximum <br />Assessment, the owner of the applicable Assessed Property must partially prepay the Assessment <br />for each Assessed Property that exceeds the Maximum Assessment in an amount sufficient to <br />reduce the Assessment to the Maximum Assessment. If a Prepayment is required, the final <br />subdivision plat of any Assessed Property shall not be recorded without a letter from the <br />Administrator confirming that the Prepayment has been made. The City's approval of a final <br />subdivision plat without payment of such amounts does not eliminate the obligation of the <br />person or entity filing the plat to pay such Assessments. <br />C. Mandatory Prepayment of Assessments <br />If Assessed Property is transferred to a person or entity that is exempt from payment of the <br />Assessments under applicable law or any portion of Assessed Property becomes Non -Benefitted <br />��iouuiououuouuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuiu�uiWuiu�uiuuuum�i��U�N�luio��o�uiouu�uuuuuuuuuuuuuuuuuuuuuiiuu�u�u�uuuuiuo�ouomouuiouuiuuuuuuuouuuimmuuuui�ui�iuiuiuu�uu�im�iu��uiouuuuuuui�uuuuuuuuuu�i��lu��u@uiuWouimuu�oiuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuumu��iuiuuuii����I�uI <br />WHISPER PID SAP 16 <br />