Common use of Special Districts Clause in Contracts

Special Districts. Purchaser hereby agrees and acknowledges that as of the date of this Agreement, the Property is included within various districts and special districts which are quasi-municipal corporations organized and existing under the laws of the State of Colorado (collectively, the “District s”) and certain other authorities which are authorities established pursuant to Colorado law (collectively, the “Authorities”), and that as a result of such inclusion the Property and the rights and interests of Purchaser therein are subject to (a) current and future taxation by the Districts and the Authorities for all purposes for which the Districts and the Authorities are authorized to tax; and (b) any and all actions other than taxation, such as imposition of impact fees or site connection and service fees, that the Districts and the Authorities lawfully may take that may affect the Land and/or the rights and interests of Purchaser therein. Purchaser hereby agrees, following the Closing Date, to comply with the terms of all rules or regulations of the Districts and the Authorities affecting the Land, as amended or modified from time to time.