PUBLIC IMPROVEMENT DISTRICTS Clause Samples
The Public Improvement Districts clause defines the rights and obligations of parties regarding areas designated for public infrastructure improvements, such as roads, utilities, or parks, within a development. It typically outlines how costs for these improvements are assessed, who is responsible for payment, and the process for establishing or participating in such districts. By clarifying these responsibilities, the clause ensures that all parties understand their financial and operational commitments related to public improvements, thereby preventing disputes and facilitating coordinated development.
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district,
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district, Seller must give Buyer written notice as required by §5.014, Property Code. An addendum containing the required notice shall be attached to this contract.
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district, §5.014, Property Code, requires Seller to notify Buyer as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372, Local Government Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of that assessment may be obtained from the municipality or county levying the assessment. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your property.
PUBLIC IMPROVEMENT DISTRICTS. The property is not in a public improvement district.
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district, Section 5.014, Texas Property Code, requires Builder to notify Buyer as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372, Local Government Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of that assessment may be obtained from the municipality or county levying the assessment. The amount of the assessment is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your property.
PUBLIC IMPROVEMENT DISTRICTS. If the Property is i n a pu blic improvement district,
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district, Seller must give Buyer written notice as required by §5.014, Property Code. An addendum containing the required notice shall be attached to this contract.[, requires Seller to notify Buyer as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372, Local Government Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of that assessment may be obtained from the municipality or county levying the assessment. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your property.] DRAFT
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district, §5.014, Property Code, requires Seller to notify Buyer as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372, Local Government Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of that assessment may be obtained from the municipality or county levying the assessment. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your property. (8) TRANSFER FEES: If the Property is subject to a private transfer fee obligation, §5.205, Property Code, requires Seller to notify Buyer as follows: The private transfer fee Initialed for identification by Buyer PC 03/30/20 MC 03/30/20 and Seller
PUBLIC IMPROVEMENT DISTRICTS. Except as may be indicated by a description of the Property and/or in the Title Commitment or Title Report or Abstract of Title, Seller has no current actual knowledge that the Property is located in a public improvement district. Nevertheless, as a courtesy to Buyer, Seller hereby notifies Buyer as follows: If the Property is located in a public improvement district, then as a purchaser of the Property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372 of the Texas Local Government Code. The assessment may be due annually or in periodic installments. More information concerning the amount of the assessment and the due dates of that assessment may be obtained from the municipality or county levying the assessment. The amount of the assessments is subject to change. Your failure to pay the assessments could result in a lien on and the foreclosure of your property.
PUBLIC IMPROVEMENT DISTRICTS. If the Property is in a public improvement district, §5.014, Property Code, requires Seller to notify Buyer as follows: As a purchaser of this parcel of real property you are obligated to pay an assessment to a municipality or county for an improvement project undertaken by a public improvement district under Chapter 372, TXR 1607 Initialed for identification by ▇▇▇▇▇ and Seller Produced with Lone Wolf Transactions (zipForm Edition) 231 Shearson Cr. Cambridge, Ontari LP T 05/05/21 TREC NO. 9-14 1J5 ▇▇▇.▇▇▇▇▇.▇▇▇ ▇▇▇▇, ▇▇▇▇▇ o, Canada N1 DocuSign Envelope ID: EEA7AF65-58CB-41C6-8D57-5847AF98A043