|
Ell'I'l-I'll-1-11�,,�ll.-Ill",-�l--.��,�,�Ill'.11,11-.�,.111.111.111.11.1.11,�,,�,,�ll.,--.�ll,�ll,"-.,�'ll""I-I�,�,��,�,���,�.���,��l-l�,�,�,�Ill""-�,�,�,�,�ll,�,�,,�,-�,,�1.1�.,�,�,��'ll,�11-1-1-1�1-11-�,-��,-��.������-1-11,11ll,�,�.,�l-l�1-11�,,��1-1-11,��,��-,�,�,�,,�,�'ll,�'ll-I',�'ll",�'ll-I'll,�,,111.11,�,�"..'�,�.1-�1.1�'ll,�,�,�'ll,�,,�,�'ll"�,�'ll,,�,�ll,�,�ll,�'ll,�,,�ll,�'ll'I
<br />TRACE PID LOT • HOMEBUYER
<br />NOTICE OF OBLIGATION TO PAY
<br />PUBLIC IMPROVEMENT DISTRICT ASSESSMENTS
<br />TO THE CITY OF SAN MARCOS, TEXAS
<br />STREET ADDRESS
<br />PRINCIPAL LOT TYPE 2 ASSESSMENT: $10,538.88
<br />As the purchaser of the real property located at the street address set forth above, you are
<br />obligated to pay assessments to the City of San Marcos, Texas, for the costs of a portion of public
<br />improvements (the "Authorized Improvements") undertaken for the benefit of the property
<br />within "Trace Public Improvement District" (the "District") created under Subchapter A, Chapter
<br />372, Local Government Code, as amended.
<br />THE PRINCIPAL OF THE LOT TYPE 2 ASSESSMENT AGAINST YOUR PROPERTY FOR THE
<br />AUTHORIZED IMPROVEMENTS IS $10,538.88, WHICH MAY BE PAID IN FULL AT ANY TIME;
<br />HOWEVER IF NOT PAID IN FULL IT WILL BE DUE AND PAYABLE IN ANNUAL INSTALLMENTS
<br />WHICH WILL VARY FROM YEAR TO YEAR DEPENDING ON THE AMOUNT OF INTEREST PAID
<br />COLLECTION COSTS, ADMINISTRATIVE COSTS, AND DELINQUENCY COSTS.
<br />An estimate of the annual installments is attached; however, it is only an estimate and is subject
<br />to change. The exact amount of the annual installments, including the annual installments
<br />thereof, will be approved each year by the City Council in the Annual Service Plan Update for the
<br />District. More information about the assessments, including the amounts and due dates, may be
<br />obtained from the City Secretary of the City of San Marcos.
<br />Your failure to pay any assessment, or any annual installment thereof, may result in penalties
<br />and interest being added to what you owe and could result in a lien on and the foreclosure of
<br />your property.
<br />The undersigned purchaser acknowledges receipt of the foregoing notice prior to the effective
<br />date of a binding contract for the purchase of the real property at the street address set forth
<br />above.
<br />TRACE PID 2020 ANNUAL SERVICE PLAN UPDATE 35
<br />
|