Limited Purpose Annexation a. The City may at any time annex the territory of the District for limited purposes as provided by Section 43.0751 of the Code and may by ordinance impose within the District any sales and use tax imposed by City within its full – purpose boundaries. The territory of the District shall not be subject to property taxation by the City prior to the date of full – purpose annexation and except as provided by the District Consent Conditions or otherwise provided herein, the territory of the District shall not be subject to ordinances, rules, or regulations of the City that are not ordinarily applied within the extraterritorial jurisdiction of the City, nor shall the City be required to provide any service within the District that is not ordinarily provided by City within the City’s extraterritorial jurisdiction.
Limited Purpose Annexation a. In the event that any portion of the District property is developed for commercial purposes, the City may at any time, at its option, annex the territory of the District for limited purposes as provided by Section 43.0751 of the Code and may by ordinance impose within the District any sales and use tax imposed by City within its full – purpose boundaries, and Chapter 321, Tax Code, as amended, governs the imposition, computation, administration, governance, and abolition of the sales and use tax. The territory of the District shall not be subject to property taxation by the City prior to the date of full – purpose annexation and except as provided by the District Consent Conditions or otherwise provided herein, the territory of the District shall not be subject to ordinances, rules, or regulations of the City that are not ordinarily applied within the extraterritorial jurisdiction of the City, nor shall the City be required to provide any service within the District that is not ordinarily provided by City within the City’s extraterritorial jurisdiction.
Limited Purpose Annexation. The District and the City agree that the City may annex the Original Commercial Property and Additional Commercial Property, if any, for the limited purpose of collecting Sales and Use Tax Revenues within such property, pursuant to Subsection (k) of the Act. The District acknowledges that the City Council may adopt a limited purpose annexation ordinance at a meeting conducted in accordance with Chapter 551 of the Government Code and further acknowledges that no additional notices, hearings, or other procedures are required by law in order to approve such limited purpose annexation. DRAFT
Limited Purpose Annexation. Developer agrees that the City shall have the right, but not the obligation, to annex the Property for the sole and limited purpose of allowing the City to impose sales and use taxes within the boundaries of the Property pursuant to Section 43.0751 of the Texas Local Government Code. The terms and conditions upon which such limited purpose annexation may occur are set forth in the Strategic Partnership Agreement, subject to approval and execution of such agreement by the City and the District after confirmation of the District and compliance with public hearing requirements by the District and the City. Notwithstanding any limited purpose annexation, the Property shall continue to be located within the ETJ of the City for purposes of this Agreement.
Limited Purpose Annexation. The Parties agree that the City shall have the right to annex those portions of the Development that are intended for retail development for the sole and limited purpose for the City to impose its sales and use tax within the boundaries of such retail areas, pursuant to Section 43.0751 of the Local Government Code. The terms and conditions upon which such limited purpose annexations may occur shall be set forth in the Strategic Partnership Agreement.
Limited Purpose Annexation
