Common use of Special Assessment Districts Clause in Contracts

Special Assessment Districts. If the Property is situated within a utility district or flood control district subject to the provisions of Section 50.301, Texas Water Code, then Seller shall give to Purchaser as part of the Title Documents the required written notice. Xxxxxxxxx agrees to acknowledge receipt of the notice in writing. The notice must set forth the current tax rate, the current bonded indebtedness and the authorized indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. If the Property is subject to mandatory membership in a property owners' association, Seller shall notify Purchaser of the current annual budget of the property owners' association and the current authorized fees, dues and/or assessments relating to the Property.

Special Assessment Districts. If the Property is situated within a utility district or flood control district subject to the provisions of Section 50.301, 49.452 of the Texas Water Code, then Seller shall give to Purchaser as part of the Title Documents the required written notice. Xxxxxxxxx notice and Purchaser agrees to acknowledge receipt of the notice in writing. The notice must set forth the current tax rate, the current bonded indebtedness and the authorized indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. If the Property is subject to mandatory membership in a property owners' owner's association, Seller shall notify Purchaser of the current annual budget of the property owners' association association, and the current authorized fees, dues and/or assessments relating to the Property.

Special Assessment Districts. If the Property is situated within a utility district or flood control district subject to the provisions previsions of Section 50.301, Texas Water Code, then Seller shall give given to Purchaser as part of the Title Documents the required written notice. Xxxxxxxxx agrees Purcxxxxx xxxees to acknowledge receipt of the notice in writing. The notice must set forth the current tax rate, the current bonded indebtedness and the authorized indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. If the Property is subject to mandatory membership in a property owners' association, Seller shall notify Purchaser Purchase of the current annual budget of the property owners' association and the current authorized fees, dues and/or assessments relating to the Property.

Special Assessment Districts. If the Property is situated within a utility district or flood control district subject to the provisions of Section 50.301, 49.452 of the Texas Water Code, then Seller shall give to Purchaser as part of the Title Documents the required written notice. Xxxxxxxxx notice and Purchaser agrees to acknowledge receipt of the notice in writing. The notice must set forth the current tax rate, the current bonded indebtedness and the authorized indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. If the Property is subject to mandatory membership in a property owners' owner’s association, Seller shall notify Purchaser of the current annual budget of the property owners' association ’ association, and the current authorized fees, dues and/or assessments relating to the Property.

Special Assessment Districts. If the Property is situated within a utility district or flood control district subject to the provisions of Section 50.301, Texas Water Code, then Seller shall give to Purchaser as part of the Title Documents the required written notice. Xxxxxxxxx agrees Purcxxxxx xxxees to acknowledge receipt of the notice in writing. The notice must set forth the current tax rate, the current bonded indebtedness and the authorized indebtedness of the district, and must comply with all other applicable requirements of the Texas Water Code. If the Property is subject to mandatory membership in a property owners' association, Seller shall notify Purchaser of the current annual budget of the property owners' association and the current authorized fees, dues and/or assessments relating to the Property.