Limited district option. The City’s full – purpose annexation ordinance may require that the District retain all obligation for any indebtedness of the District and continue to exist as a limited district for so long as may be necessary for the limited district to fully discharge all such indebtedness, including any landowner or developer reimbursement payments that the City would otherwise be obligated to pay upon annexation or dissolution of the District. The limited district shall continue to be known as “Brazoria County Municipal Utility District No. 82.” The limited district shall continue until the City dissolves the District pursuant to Section 3.04 hereof. The limited district may not be dissolved without the consent of the City.
Appears in 4 contracts
Samples: Strategic Partnership Agreement, Strategic Partnership Agreement, Strategic Partnership Agreement
