SB 3047

S.B. No. 3047
  relating to the creation of certain municipal management districts;
  providing authority to issue bonds; providing authority to impose
  assessments, fees, and taxes; granting a limited power of eminent
  domain.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Subtitle C, Title 4, Special District Local Laws
  Code, is amended by adding Chapter 4013 to read as follows:
  CHAPTER 4013.  PURA VIDA MUNICIPAL MANAGEMENT DISTRICT NO. 1
  SUBCHAPTER A.  GENERAL PROVISIONS
         Sec. 4013.0101.  DEFINITIONS.  In this chapter:
               (1)  "Board" means the district's board of directors.
               (2)  "City" means the City of Mustang Ridge.
               (3)  "Director" means a board member.
               (4)  "District" means the Pura Vida Municipal
  Management District No. 1.
         Sec. 4013.0102.  NATURE OF DISTRICT.  The Pura Vida
  Municipal Management District No. 1 is a special district created
  under Section 59, Article XVI, Texas Constitution.
         Sec. 4013.0103.  PURPOSE; DECLARATION OF INTENT.  (a)  The
  creation of the district is essential to accomplish the purposes of
  Sections 52 and 52-a, Article III, and Section 59, Article XVI,
  Texas Constitution, and other public purposes stated in this
  chapter.
         (b)  By creating the district and in authorizing the city and
  other political subdivisions to contract with the district, the
  legislature has established a program to accomplish the public
  purposes set out in Section 52-a, Article III, Texas Constitution.
         (c)  The creation of the district is necessary to promote,
  develop, encourage, and maintain employment, commerce,
  transportation, housing, tourism, recreation, the arts,
  entertainment, economic development, safety, and the public
  welfare in the district.
         (d)  This chapter and the creation of the district may not be
  interpreted to relieve the city from providing the level of
  services provided as of the effective date of the Act enacting this
  chapter to the area in the district.  The district is created to
  supplement and not to supplant city services provided in the
  district.
         Sec. 4013.0104.  FINDINGS OF BENEFIT AND PUBLIC PURPOSE.
  (a)  All land and other property included in the district will
  benefit from the improvements and services to be provided by the
  district under powers conferred by Sections 52 and 52-a, Article
  III, and Section 59, Article XVI, Texas Constitution, and other
  powers granted under this chapter.
         (b)  The district is created to serve a public use and
  benefit.
         (c)  The creation of the district is in the public interest
  and is essential to further the public purposes of:
               (1)  developing and diversifying the economy of the
  state;
               (2)  eliminating unemployment and underemployment; and
               (3)  developing or expanding transportation and
  commerce.
         (d)  The district will:
               (1)  promote the health, safety, and general welfare of
  residents, employers, potential employees, employees, visitors,
  and consumers in the district, and of the public;
               (2)  provide needed funding for the district to
  preserve, maintain, and enhance the economic health and vitality of
  the district territory as a community and business center;
               (3)  promote the health, safety, welfare, and enjoyment
  of the public by providing pedestrian ways and by landscaping and
  developing certain areas in the district, which are necessary for
  the restoration, preservation, and enhancement of scenic beauty;
  and
               (4)  provide for water, wastewater, drainage, road, and
  recreational facilities for the district.
         (e)  Pedestrian ways along or across a street, whether at
  grade or above or below the surface, and street lighting, street
  landscaping, parking, and street art objects are parts of and
  necessary components of a street and are considered to be a street
  or road improvement.
         (f)  The district will not act as the agent or
  instrumentality of any private interest even though the district
  will benefit many private interests as well as the public.
         Sec. 4013.0105.  INITIAL DISTRICT TERRITORY.  (a)  The
  district is initially composed of the territory described by
  Section 2 of the Act enacting this chapter.
         (b)  The boundaries and field notes contained in Section 2 of
  the Act enacting this chapter form a closure.  A mistake in the
  field notes or in copying the field notes in the legislative process
  does not affect the district's:
               (1)  organization, existence, or validity;
               (2)  right to issue any type of bonds for the purposes
  for which the district is created or to pay the principal of and
  interest on the bonds;
               (3)  right to impose or collect an assessment or tax; or
               (4)  legality or operation.
         Sec. 4013.0106.  ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.
  All or any part of the area of the district is eligible to be
  included in:
               (1)  a tax increment reinvestment zone created under
  Chapter 311, Tax Code; or
               (2)  a tax abatement reinvestment zone created under
  Chapter 312, Tax Code.
         Sec. 4013.0107.  APPLICABILITY OF MUNICIPAL MANAGEMENT
  DISTRICTS LAW.  Except as otherwise provided by this chapter,
  Chapter 375, Local Government Code, applies to the district.
         Sec. 4013.0108.  CONSTRUCTION OF CHAPTER.  This chapter
  shall be liberally construed in conformity with the findings and
  purposes stated in this chapter.
  SUBCHAPTER B.  BOARD OF DIRECTORS
         Sec. 4013.0201.  GOVERNING BODY; TERMS. (a) The district is
  governed by a board of five elected directors who serve staggered
  terms of four years.
         (b)  Directors are elected in the manner provided by
  Subchapter D, Chapter 49, Water Code.
         Sec. 4013.0202.  COMPENSATION; EXPENSES. (a) The district
  may compensate each director in an amount not to exceed $150 for
  each board meeting. The total amount of compensation for each
  director in one year may not exceed $7,200.
         (b)  A director is entitled to reimbursement for necessary
  and reasonable expenses incurred in carrying out the duties and
  responsibilities of the board.
         (c)  Sections 375.069 and 375.070, Local Government Code, do
  not apply to the board.
         Sec. 4013.0203.  TEMPORARY DIRECTORS.  (a)  On or after the
  effective date of the Act enacting this chapter, the owner or owners
  of a majority of the assessed value of the real property in the
  district according to the most recent certified county tax
  appraisal roll may submit a petition to the Texas Commission on
  Environmental Quality requesting that the commission appoint as
  temporary directors the five persons named in the petition.  The
  commission shall appoint as temporary directors the five persons
  named in the petition.
         (b)  The temporary or successor temporary directors shall
  hold an election to elect five permanent directors as provided by
  Section 4013.0201.
         (c)  Temporary directors serve until the earlier of:
               (1)  the date permanent directors are elected under
  Subsection (b); or
               (2)  the fourth anniversary of the effective date of
  the Act enacting this chapter.
         (d)  If permanent directors have not been elected under
  Subsection (b) and the terms of the temporary directors have
  expired, successor temporary directors shall be appointed or
  reappointed as provided by Subsection (e) to serve terms that
  expire on the earlier of:
               (1)  the date permanent directors are elected under
  Subsection (b); or
               (2)  the fourth anniversary of the date of the
  appointment or reappointment.
         (e)  If Subsection (d) applies, the owner or owners of a
  majority of the assessed value of the real property in the district
  according to the most recent certified county tax appraisal roll
  may submit a petition to the Texas Commission on Environmental
  Quality requesting that the commission appoint as successor
  temporary directors the five persons named in the petition.  The
  commission shall appoint as successor temporary directors the five
  persons named in the petition.
  SUBCHAPTER C.  POWERS AND DUTIES
         Sec. 4013.0301.  GENERAL POWERS AND DUTIES.  The district
  has the powers and duties necessary to accomplish the purposes for
  which the district is created.
         Sec. 4013.0302.  IMPROVEMENT PROJECTS AND SERVICES.  (a) The
  district, using any money available to the district for the
  purpose, may provide, design, construct, acquire, improve,
  relocate, operate, maintain, or finance an improvement project or
  service authorized under this chapter or Chapter 375, Local
  Government Code.
         (b)  The district may contract with a governmental or private
  entity to carry out an action under Subsection (a). 
         (c)  The implementation of a district project or service is a
  governmental function or service for the purposes of Chapter 791,
  Government Code.
         Sec. 4013.0303.  NONPROFIT CORPORATION.  (a)  The board by
  resolution may authorize the creation of a nonprofit corporation to
  assist and act for the district in implementing a project or
  providing a service authorized by this chapter.
         (b)  The nonprofit corporation:
               (1)  has each power of and is considered to be a local
  government corporation created under Subchapter D, Chapter 431,
  Transportation Code; and
               (2)  may implement any project and provide any service
  authorized by this chapter.
         (c)  The board shall appoint the board of directors of the
  nonprofit corporation.  The board of directors of the nonprofit
  corporation shall serve in the same manner as the board of directors
  of a local government corporation created under Subchapter D,
  Chapter 431, Transportation Code, except that a board member is not
  required to reside in the district.
         Sec. 4013.0304.  LAW ENFORCEMENT SERVICES.  To protect the
  public interest, the district may contract with a qualified party,
  including the city, to provide additional law enforcement services
  in the district for a fee.
         Sec. 4013.0305.  MEMBERSHIP IN CHARITABLE ORGANIZATIONS.
  The district may join and pay dues to a charitable or nonprofit
  organization that performs a service or provides an activity
  consistent with the furtherance of a district purpose.
         Sec. 4013.0306.  ECONOMIC DEVELOPMENT PROGRAMS.  (a)  The
  district may engage in activities that accomplish the economic
  development purposes of the district.
         (b)  The district may establish and provide for the
  administration of one or more programs to promote state or local
  economic development and to stimulate business and commercial
  activity in the district, including programs to:
               (1)  make loans and grants of public money; and
               (2)  provide district personnel and services.
         (c)  The district may create economic development programs
  and exercise the economic development powers provided to
  municipalities by:
               (1)  Chapter 380, Local Government Code; and
               (2)  Subchapter A, Chapter 1509, Government Code.
         Sec. 4013.0307.  PARKING FACILITIES.  (a)  The district may
  acquire, lease as lessor or lessee, construct, develop, own,
  operate, and maintain parking facilities or a system of parking
  facilities, including lots, garages, parking terminals, or other
  structures or accommodations for parking motor vehicles off the
  streets and related appurtenances.
         (b)  The district's parking facilities serve the public
  purposes of the district and are owned, used, and held for a public
  purpose even if leased or operated by a private entity for a term of
  years.
         (c)  The district's parking facilities are parts of and
  necessary components of a street and are considered to be a street
  or road improvement.
         (d)  The development and operation of the district's parking
  facilities may be considered an economic development program.
         Sec. 4013.0308.  DISBURSEMENTS AND TRANSFERS OF MONEY.  The
  board by resolution shall establish the number of directors'
  signatures and the procedure required for a disbursement or
  transfer of district money.
         Sec. 4013.0309.  ADDING OR EXCLUDING LAND.  Except as
  provided by Section 4013.0310, the district may add or exclude land
  in the manner provided by Subchapter J, Chapter 49, Water Code, or
  by Subchapter H, Chapter 54, Water Code.
         Sec. 4013.0310.   DIVISION OF DISTRICT. (a) The district may
  be divided into two or more new districts only if the district:
               (1)  has no outstanding bonded debt; and
               (2)  is not imposing ad valorem taxes.
         (b)  This chapter applies to any new district created by the
  division of the district, and a new district has all the powers and
  duties of the district.
         (c)  Any new district created by the division of the district
  may not, at the time the new district is created, contain any land
  outside the area described by Section 2 of the Act enacting this
  chapter.
         (d)  The board, on its own motion or on receipt of a petition
  signed by the owner or owners of a majority of the assessed value of
  the real property in the district, may adopt an order dividing the
  district.
         (e)  An order dividing the district must:
               (1)  name each new district;
               (2)  include the metes and bounds description of the
  territory of each new district;
               (3)  appoint initial directors for each new district;
  and
               (4)  provide for the division of assets and liabilities
  between or among the new districts.
         (f)  On or before the 30th day after the date of adoption of
  an order dividing the district, the district shall file the order
  with the Texas Commission on Environmental Quality and record the
  order in the real property records of each county in which the
  district is located.
         (g)  Any new district created by the division of the district
  must hold an election as required by this chapter to obtain voter
  approval before the district may impose a maintenance tax or issue
  bonds payable wholly or partly from ad valorem taxes.
         (h)  Municipal consent to the creation of the district and to
  the inclusion of land in the district granted under Section
  4013.0506 acts as municipal consent to the creation of any new
  district created by the division of the district and to the
  inclusion of land in the new district.
         Sec. 4013.0311.  EMINENT DOMAIN.  Subject to the limitations
  provided by Section 54.209, Water Code, the district may exercise
  the power of eminent domain in the manner provided by Section
  49.222, Water Code.
  SUBCHAPTER D.  ASSESSMENTS
         Sec. 4013.0401.  PETITION REQUIRED FOR FINANCING SERVICES
  AND IMPROVEMENTS WITH ASSESSMENTS.  (a)  The board may not finance a
  service or improvement project with assessments under this chapter
  unless a written petition requesting that service or improvement
  has been filed with the board.
         (b)  A petition filed under Subsection (a) must be signed by
  the owners of a majority of the assessed value of real property in
  the district subject to assessment according to the most recent
  certified county tax appraisal roll.
         Sec. 4013.0402.  ASSESSMENTS; LIENS FOR ASSESSMENTS.  (a)
  The board by resolution may impose and collect an assessment for any
  purpose authorized by this chapter in all or any part of the
  district.
         (b)  An assessment, a reassessment, or an assessment
  resulting from an addition to or correction of the assessment roll
  by the district, penalties and interest on an assessment or
  reassessment, an expense of collection, and reasonable attorney's
  fees incurred by the district:
               (1)  are a first and prior lien against the property
  assessed;
               (2)  are superior to any other lien or claim other than
  a lien or claim for county, school district, or municipal ad valorem
  taxes; and
               (3)  are the personal liability of and a charge against
  the owners of the property even if the owners are not named in the
  assessment proceedings.
         (c)  The lien is effective from the date of the board's
  resolution imposing the assessment until the date the assessment is
  paid.  The board may enforce the lien in the same manner that the
  board may enforce an ad valorem tax lien against real property.
         (d)  The board may make a correction to or deletion from the
  assessment roll that does not increase the amount of assessment of
  any parcel of land without providing notice and holding a hearing in
  the manner required for additional assessments.
  SUBCHAPTER E.  TAXES AND BONDS
         Sec. 4013.0501.  TAX ELECTION REQUIRED.  (a)  The district
  must hold an election in the manner provided by Chapter 49, Water
  Code, or, if applicable, Chapter 375, Local Government Code, to
  obtain voter approval before the district may impose an ad valorem
  tax.
         (b)  Section 375.243, Local Government Code, does not apply
  to the district.
         Sec. 4013.0502.  OPERATION AND MAINTENANCE TAX.  (a)  If
  authorized by a majority of the district voters voting at an
  election under Section 4013.0501, the district may impose an
  operation and maintenance tax on taxable property in the district
  in the manner provided by Section 49.107, Water Code, for any
  district purpose, including to:
               (1)  maintain and operate the district;
               (2)  construct or acquire improvements; or
               (3)  provide a service.
         (b)  The board shall determine the operation and maintenance
  tax rate.  The rate may not exceed the rate approved at the
  election.
         Sec. 4013.0503.  AUTHORITY TO BORROW MONEY AND TO ISSUE
  BONDS AND OTHER OBLIGATIONS.  (a)  The district may borrow money on
  terms determined by the board.
         (b)  The district may issue, by public or private sale,
  bonds, notes, or other obligations payable wholly or partly from ad
  valorem taxes, assessments, impact fees, revenue, contract
  payments, grants, or other district money, or any combination of
  those sources of money, to pay for any authorized district purpose.
         (c)  The limitation on the outstanding principal amount of
  bonds, notes, or other obligations provided by Section 49.4645,
  Water Code, does not apply to the district.
         Sec. 4013.0504.  BONDS SECURED BY REVENUE OR CONTRACT
  PAYMENTS.  The district may issue, without an election, bonds
  secured by:
               (1)  revenue other than ad valorem taxes, including
  contract revenues; or
               (2)  contract payments, provided that the requirements
  of Section 49.108, Water Code, have been met.
         Sec. 4013.0505.  BONDS SECURED BY AD VALOREM TAXES;
  ELECTIONS.  (a)  If authorized at an election under Section
  4013.0501, the district may issue bonds payable from ad valorem
  taxes.
         (b)  At the time the district issues bonds payable wholly or
  partly from ad valorem taxes, the board shall provide for the annual
  imposition of a continuing direct annual ad valorem tax, without
  limit as to rate or amount, for each year that all or part of the
  bonds are outstanding as required and in the manner provided by
  Sections 54.601 and 54.602, Water Code.
         (c)  All or any part of any facilities or improvements that
  may be acquired by a district by the issuance of its bonds may be
  submitted as a single proposition or as several propositions to be
  voted on at the election.
         Sec. 4013.0506.  CONSENT OF MUNICIPALITY REQUIRED.  (a)  The
  board may not issue bonds until each municipality in whose
  corporate limits or extraterritorial jurisdiction the district is
  located has consented by ordinance or resolution to the creation of
  the district and to the inclusion of land in the district as
  required by applicable law.
         (b)  This section applies only to the district's first
  issuance of bonds payable from ad valorem taxes.
  SUBCHAPTER F.  SALES AND USE TAX
         Sec. 4013.0601.  MEANINGS OF WORDS AND PHRASES. A word or
  phrase used in this subchapter that is defined by Chapter 151 or
  321, Tax Code, has the meaning assigned by Chapter 151 or 321, Tax
  Code.
         Sec. 4013.0602.  APPLICABILITY OF CERTAIN TAX CODE
  PROVISIONS.  (a)  The provisions of Subchapters C, D, E, and F,
  Chapter 323, Tax Code, relating to county sales and use taxes apply
  to the application, collection, and administration of a sales and
  use tax imposed under this subchapter to the extent consistent with
  this chapter, as if references in Chapter 323, Tax Code, to a county
  referred to the district and references to a commissioners court
  referred to the board.
         (b)  Sections 323.401-323.404 and 323.505, Tax Code, do not
  apply to a tax imposed under this subchapter.
         Sec. 4013.0603.  AUTHORIZATION; ELECTION.  (a)  The district
  shall adopt, reduce, or repeal the sales and use tax authorized by
  this subchapter at an election in which a majority of the voters of
  the district voting in the election approve the adoption,
  reduction, or repeal of the tax, as applicable.
         (b)  The board by order shall call an election to adopt,
  reduce, or repeal a sales and use tax.  The election shall be held on
  the first authorized uniform election date that occurs after the
  time required by Section 3.005, Election Code.
         (c)  The district shall provide notice of the election and
  shall hold the election in the manner prescribed by Chapter 54,
  Water Code, for bond elections for municipal utility districts.
         (d)  The ballots shall be printed to provide for voting for
  or against the following appropriate proposition:
               (1)  "Adoption of a ___ percent district sales and use
  tax in the district";
               (2)  "Reduction of the district sales and use tax in the
  district from ___ percent to ___ percent"; or
               (3)  "Repeal of the district sales and use tax in the
  district."
         Sec. 4013.0604.  EFFECTIVE DATE OF TAX.  A tax imposed under
  this subchapter or the repeal or reduction of a tax under this
  subchapter takes effect on the first day of the first calendar
  quarter that occurs after the date the comptroller receives the
  copy of the resolution as required by Section 323.405(b), Tax Code.
         Sec. 4013.0605.  SALES AND USE TAX RATE.  (a)  On adoption
  of the tax authorized by this subchapter, there is imposed a tax of
  two percent, or the maximum rate at which the combined tax rate of
  all local sales and use taxes in any location in the district does
  not exceed two percent, on the receipts from the sale at retail of
  taxable items in the district, and an excise tax on the use,
  storage, or other consumption in the district of taxable items
  purchased, leased, or rented from a retailer in the district during
  the period that the tax is in effect.
         (b)  The rate of the excise tax is the same as the rate of the
  sales tax portion of the tax and is applied to the sales price of the
  taxable item.
         Sec. 4013.0606.  EXAMINATION AND RECEIPT OF
  INFORMATION.  The district may examine and receive information
  related to the imposition of a sales and use tax to the same extent
  as if the district were a municipality.
         Sec. 4013.0607.  ALTERNATIVE METHOD OF IMPOSITION.
  Notwithstanding any other provision of this subchapter, the
  district may impose the sales and use tax as provided by Subchapter
  F, Chapter 383, Local Government Code, instead of as provided by the
  other provisions of this subchapter.
  SUBCHAPTER G.  DISSOLUTION
         Sec. 4013.0901.  DISSOLUTION.  (a)  The board shall dissolve
  the district on written petition filed with the board by the owners
  of:
               (1)  at least two-thirds of the assessed value of the
  property subject to assessment by the district based on the most
  recent certified county property tax rolls; or
               (2)  at least two-thirds of the surface area of the
  district, excluding roads, streets, highways, utility
  rights-of-way, other public areas, and other property exempt from
  assessment by the district according to the most recent certified
  county property tax rolls.
         (b)  The board by majority vote may dissolve the district at
  any time.
         (c)  The district may not be dissolved by its board under
  Subsection (a) or (b) if the district:
               (1)  has any outstanding bonded indebtedness until that
  bonded indebtedness has been repaid or defeased in accordance with
  the order or resolution authorizing the issuance of the bonds;
               (2)  has a contractual obligation to pay money until
  that obligation has been fully paid in accordance with the
  contract; or
               (3)  owns, operates, or maintains public works,
  facilities, or improvements unless the district contracts with
  another person for the ownership, operation, or maintenance of the
  public works, facilities, or improvements.
         (d)  Sections 375.261, 375.262, and 375.264, Local
  Government Code, do not apply to the district.
         SECTION 2.  The Pura Vida Municipal Management District
  No. 1 initially includes all territory contained in the following
  area:
         211.348 ACRES LAND OUT THE WILLIAM LEWIS, SR. SURVEY,
  ABSTRACT NO. 479 AND THE AUGUSTAS KINCHELOE SURVEY NUMBER 2,
  ABSTRACT NO. 457, TRAVIS COUNTY, TEXAS, BEING ALL OR A PORTION OF
  THE FOLLOWING EIGHT (8) TRACTS:
         TRACT 1: A 70.887 ACRE PORTION OF THAT CERTAIN 141.321 ACRE
  TRACT CALLED FIRST TRACT CONVEYED TO MUSTANG RIDGE, LLC BY DEED
  RECORDED IN DOCUMENT NUMBER 2019142513, OFFICIAL PUBLIC RECORDS
  TRAVIS COUNTY, TEXAS;
         TRACT 2: ALL OF THAT CERTAIN 23.625 ACRE TRACT DECRIBED IN A
  DEED TO MUSTANG RIDGE, LLC RECORDED IN DOCUMENT NUMBER 2020003359,
  OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY, TEXAS;
         TRACT 3: ALL OF THAT CERTAIN 0.892 ACRE TRACT CALLED SECOND
  TRACT DESCRIBED IN A DEED TO MUSTANG RIDGE, LLC RECORDED IN DOCUMENT
  NUMBER 2019142513, OFFICIAL PUBLIC RECORDS TRAVIS COUNTY, TEXAS;
         TRACT 4: ALL OF THAT CERTAIN 19.283 ACRE TRACT DECRIBED IN A
  DEED TO MUSTANG RIDGE, LLC RECORDED IN DOCUMENT NUMBER 2023073358,
  OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY, TEXAS;
         TRACT 5: ALL OF THAT CERTAIN 2.986 ACRE TRACT DECRIBED IN A
  DEED TO MUSTANG RIDGE, LLC RECORDED IN DOCUMENT NUMBER 2022052056,
  OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY, TEXAS;
         TRACT 6: ALL OF THAT CERTAIN 16.383 ACRE TRACT DECRIBED IN A
  DEED TO MUSTANG RIDGE, LLC RECORDED IN DOCUMENT NUMBER 2021040262,
  OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY, TEXAS;
         TRACT 7: ALL OF THAT CERTAIN 74.555 ACRE TRACT, CALLED 74.557
  ACRES, DESCRIBED IN A DEED TO MUSTANG RIDGE, LLC RECORDED IN
  DOCUMENT NUMBER 2022039968 OFFICIAL PUBLIC RECORDS OF TRAVIS
  COUNTY, TEXAS;
         TRACT 8: ALL OF THAT CERTAIN 2.737 ACRE TRACT DECRIBED IN A
  DEED TO MUSTANG RIDGE, LLC RECORDED IN DOCUMENT NUMBER 2020099394,
  OFFICIAL PUBLIC RECORDS OF TRAVIS COUNTY, TEXAS;
         THE SAID 211.348 ACRES BEING MORE PARTICULARLY DESCRIBED BY
  METES AND BOUNDS AS FOLLOWS:
         BEGINNING AT A 1/2 INCH DIAMETER STEEL PIN FOUND WITH CAP
  MARKED LENZ & ASSOC ON THE WEST RIGHT-OF-WAY LINE OF U.S. HIGHWAY
  183 AT THE NORTHERLY MOST CORNER OF THE SAID TRACT 3;
         THENCE, S 04°08'59" E, A DISTANCE OF 1924.31 FEET ALONG THE
  WEST RIGHT-OF-WAY LINE OF U.S. HIGHWAY 183, THE SAME BEING THE EAST
  LINE OF THE SAID TRACT 3, TRACT 2 AND TRACT 6, TO A 1/2 INCH DIAMETER
  STEEL PIN FOUND WITH CAP MARKED LENZ & ASSOC AT THE SOUTHEAST CORNER
  OF THE SAID TRACT 6;
         THENCE, S 85°47'49" W, A DISTANCE OF 825.12 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND WITH CAP MARKED HINKLE AT THE SOUTHWEST
  CORNER OF THE SAID TRACT 6, THE SAME BEING THE SOUTHEAST CORNER OF
  THE SAID TRACT 5;
         THENCE S 71°51'32" W, A DISTANCE OF 668.21 FEET TO A COMPUTED
  POINT AT THE SOUTHWEST CORNER OF THE SAID TRACT 5 ON THE NORTHEAST
  LINE OF THE SAID TRACT 7;
         THENCE, S 47°08'40" E, A DISTANCE OF 630.54 FEET TO A1/2 INCH
  DIAMETER STEEL IN FOUND ON THE NORTH RIGHT-OF-WAY LINE OF F.M.
  HIGHWAY 1327 AT THE SOUTHEAST CORNER OF THE SAID TRACT 7;
         THENCE, S 73°47'17" W, A DISTANCE OF 1483.54 FEET ALONG THE
  NORTH RIGHT-OF-WAY LINE OF F.M. HIGHWAY 1327 TO A COMPUTED POINT AT
  AN EXTERIOR CORNER OF THE SAID TRACT 7;
         THENCE, N 47°25'48" W, A DISTANCE OF 478.19 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND AT AN INTERIOR CORNER OF THE SAID TRACT 7;
         THENCE, S 42°24'52" W, A DISTANCE OF 313.00 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND AT AN EXTERIOR CORNER OF THE SAID TRACT 7;
         THENCE, N 62°17'17" W, A DISTANCE OF 1295.87 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND AT THE MOST WESTERLY OR SOUTHWEST CORNER OF
  THE SAID TRACT 7;
         THENCE, N 28°02'48" E, A DISTANCE OF 1393.50 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND WITH CAP MARKED LENZ & ASSOC AT THE
  NORTHWEST CORNER OF THE SAID TRACT 7, THE SAME BEING THE SOUTHWEST
  CORNER OF THE SAID TRACT 8;
         THENCE, N 27°41'52" E A DISTANCE OF 1635.14 FEET ALONG THE
  WEST LINE OF THE SAID TRACT 8 AND TRACT 1, CROSSING THE SAID 141.321
  ACRE MUSTANG RIDGE, LLC TRACT, TO A 1/2 INCH DIAMETER STEEL PIN
  FOUND AT THE SOUTHWEST CORNER OF THE SAID TRACT 4;
         THENCE, N 27°30'40" E, A DISTANCE OF 378.90 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND WITH CAP MARKED CHAPARRAL AT THE NORTHWEST
  CORNER OF THE SAID TRACT 4;
         THENCE, S 61°49'55" E, A DISTANCE OF 2300.72 FEET TO A 1/2 INCH
  DIAMETER STEEL PIN FOUND AT THE NORTHEAST CORNER OF THE SAID TRACT 4
  ON WEST LINE OF THE SAID TRACT 3;
         THENCE, N 42°24'59" E, A DISTANCE OF 552.95 FEET TO THE PLACE
  OF BEGINNING, CONTAINING 211.348 ACRES OF LAND, MORE OR LESS.
         SECTION 3.  (a)  Subtitle C, Title 4, Special District Local
  Laws Code, is amended by adding Chapter 4015 to read as follows:
  CHAPTER 4015.  WOLF CREEK MUNICIPAL MANAGEMENT DISTRICT NO. 1
  SUBCHAPTER A.  GENERAL PROVISIONS
         Sec. 4015.0101.  DEFINITIONS.  In this chapter:
               (1)  "Board" means the district's board of directors.
               (2)  "City" means the City of Greenville.
               (3)  "County" means Hunt County.
               (4)  "Director" means a board member.
               (5)  "District" means the Wolf Creek Municipal
  Management District No. 1.
         Sec. 4015.0102.  NATURE OF DISTRICT.  The Wolf Creek
  Municipal Management District No. 1 is a special district created
  under Section 59, Article XVI, Texas Constitution.
         Sec. 4015.0103.  PURPOSE; DECLARATION OF INTENT.  (a)  The
  creation of the district is essential to accomplish the purposes of
  Sections 52 and 52-a, Article III, and Section 59, Article XVI,
  Texas Constitution, and other public purposes stated in this
  chapter.
         (b)  By creating the district and in authorizing the county,
  the city, and other political subdivisions to contract with the
  district, the legislature has established a program to accomplish
  the public purposes set out in Section 52-a, Article III, Texas
  Constitution.
         (c)  The creation of the district is necessary to promote,
  develop, encourage, and maintain employment, commerce,
  transportation, housing, tourism, recreation, the arts,
  entertainment, economic development, safety, and the public
  welfare in the district.
         (d)  This chapter and the creation of the district may not be
  interpreted to relieve the county or the city from providing the
  level of services provided as of the effective date of the Act
  enacting this chapter to the area in the district.  The district is
  created to supplement and not to supplant county or city services
  provided in the district.
         Sec. 4015.0104.  FINDINGS OF BENEFIT AND PUBLIC PURPOSE.
  (a)  All land and other property included in the district will
  benefit from the improvements and services to be provided by the
  district under powers conferred by Sections 52 and 52-a, Article
  III, and Section 59, Article XVI, Texas Constitution, and other
  powers granted under this chapter.
         (b)  The district is created to serve a public use and
  benefit.
         (c)  The creation of the district is in the public interest
  and is essential to further the public purposes of:
               (1)  developing and diversifying the economy of the
  state;
               (2)  eliminating unemployment and underemployment; and
               (3)  developing or expanding transportation and
  commerce.
         (d)  The district will:
               (1)  promote the health, safety, and general welfare of
  residents, employers, potential employees, employees, visitors,
  and consumers in the district, and of the public;
               (2)  provide needed funding for the district to
  preserve, maintain, and enhance the economic health and vitality of
  the district territory as a community and business center;
               (3)  promote the health, safety, welfare, and enjoyment
  of the public by providing pedestrian ways and by landscaping and
  developing certain areas in the district, which are necessary for
  the restoration, preservation, and enhancement of scenic beauty;
  and
               (4)  provide for water, wastewater, drainage, road, and
  recreational facilities for the district.
         (e)  Pedestrian ways along or across a street, whether at
  grade or above or below the surface, and street lighting, street
  landscaping, parking, and street art objects are parts of and
  necessary components of a street and are considered to be a street
  or road improvement.
         (f)  The district will not act as the agent or
  instrumentality of any private interest even though the district
  will benefit many private interests as well as the public.
         Sec. 4015.0105.  INITIAL DISTRICT TERRITORY.  (a)  The
  district is initially composed of the territory described by
  Section 3(b) of the Act enacting this chapter.
         (b)  The boundaries and field notes contained in
  Section 3(b) of the Act enacting this chapter form a closure.  A
  mistake in the field notes or in copying the field notes in the
  legislative process does not affect the district's:
               (1)  organization, existence, or validity;
               (2)  right to issue any type of bonds for the purposes
  for which the district is created or to pay the principal of and
  interest on the bonds;
               (3)  right to impose or collect an assessment or tax; or
               (4)  legality or operation.
         Sec. 4015.0106.  ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.
  All or any part of the area of the district is eligible to be
  included in:
               (1)  a tax increment reinvestment zone created under
  Chapter 311, Tax Code; or
               (2)  a tax abatement reinvestment zone created under
  Chapter 312, Tax Code.
         Sec. 4015.0107.  APPLICABILITY OF MUNICIPAL MANAGEMENT
  DISTRICTS LAW.  Except as otherwise provided by this chapter,
  Chapter 375, Local Government Code, applies to the district.
         Sec. 4015.0108.  CONSTRUCTION OF CHAPTER.  This chapter
  shall be liberally construed in conformity with the findings and
  purposes stated in this chapter.
  SUBCHAPTER B.  BOARD OF DIRECTORS
         Sec. 4015.0201.  GOVERNING BODY; TERMS. (a) The district is
  governed by a board of five elected directors who serve staggered
  terms of four years.
         (b)  Directors are elected in the manner provided by
  Subchapter D, Chapter 49, Water Code.
         Sec. 4015.0202.  COMPENSATION; EXPENSES. (a) The district
  may compensate each director in an amount not to exceed $150 for
  each board meeting. The total amount of compensation for each
  director in one year may not exceed $7,200.
         (b)  A director is entitled to reimbursement for necessary
  and reasonable expenses incurred in carrying out the duties and
  responsibilities of the board.
         (c)  Sections 375.069 and 375.070, Local Government Code, do
  not apply to the board.
         Sec. 4015.0203.  TEMPORARY DIRECTORS.  (a)  On or after the
  effective date of the Act creating this chapter, the owner or owners
  of a majority of the assessed value of the real property in the
  district according to the most recent certified tax appraisal roll
  for the county may submit a petition to the Texas Commission on
  Environmental Quality requesting that the commission appoint as
  temporary directors the five persons named in the petition.  The
  commission shall appoint as temporary directors the five persons
  named in the petition.
         (b)  The temporary or successor temporary directors shall
  hold an election to elect five permanent directors as provided by
  Section 4015.0201.
         (c)  Temporary directors serve until the earlier of:
               (1)  the date permanent directors are elected under
  Subsection (b); or
               (2)  the fourth anniversary of the effective date of
  the Act creating this chapter.
         (d)  If permanent directors have not been elected under
  Subsection (b) and the terms of the temporary directors have
  expired, successor temporary directors shall be appointed or
  reappointed as provided by Subsection (e) to serve terms that
  expire on the earlier of:
               (1)  the date permanent directors are elected under
  Subsection (b); or
               (2)  the fourth anniversary of the date of the
  appointment or reappointment.
         (e)  If Subsection (d) applies, the owner or owners of a
  majority of the assessed value of the real property in the district
  according to the most recent certified tax appraisal roll for the
  county may submit a petition to the Texas Commission on
  Environmental Quality requesting that the commission appoint as
  successor temporary directors the five persons named in the
  petition.  The commission shall appoint as successor temporary
  directors the five persons named in the petition.
  SUBCHAPTER C.  POWERS AND DUTIES
         Sec. 4015.0301.  GENERAL POWERS AND DUTIES.  The district
  has the powers and duties necessary to accomplish the purposes for
  which the district is created.
         Sec. 4015.0302.  IMPROVEMENT PROJECTS AND SERVICES.  (a) The
  district, using any money available to the district for the
  purpose, may provide, design, construct, acquire, improve,
  relocate, operate, maintain, or finance an improvement project or
  service authorized under this chapter or Chapter 375, Local
  Government Code.
         (b)  The district may contract with a governmental or private
  entity to carry out an action under Subsection (a). 
         (c)  The implementation of a district project or service is a
  governmental function or service for the purposes of Chapter 791,
  Government Code.
         Sec. 4015.0303.  NONPROFIT CORPORATION.  (a)  The board by
  resolution may authorize the creation of a nonprofit corporation to
  assist and act for the district in implementing a project or
  providing a service authorized by this chapter.
         (b)  The nonprofit corporation:
               (1)  has each power of and is considered to be a local
  government corporation created under Subchapter D, Chapter 431,
  Transportation Code; and
               (2)  may implement any project and provide any service
  authorized by this chapter.
         (c)  The board shall appoint the board of directors of the
  nonprofit corporation.  The board of directors of the nonprofit
  corporation shall serve in the same manner as the board of directors
  of a local government corporation created under Subchapter D,
  Chapter 431, Transportation Code, except that a board member is not
  required to reside in the district.
         Sec. 4015.0304.  LAW ENFORCEMENT SERVICES.  To protect the
  public interest, the district may contract with a qualified party,
  including the county or the city, to provide law enforcement
  services in the district for a fee.
         Sec. 4015.0305.  MEMBERSHIP IN CHARITABLE ORGANIZATIONS.
  The district may join and pay dues to a charitable or nonprofit
  organization that performs a service or provides an activity
  consistent with the furtherance of a district purpose.
         Sec. 4015.0306.  ECONOMIC DEVELOPMENT PROGRAMS.  (a)  The
  district may engage in activities that accomplish the economic
  development purposes of the district.
         (b)  The district may establish and provide for the
  administration of one or more programs to promote state or local
  economic development and to stimulate business and commercial
  activity in the district, including programs to:
               (1)  make loans and grants of public money; and
               (2)  provide district personnel and services.
         (c)  The district may create economic development programs
  and exercise the economic development powers provided to
  municipalities by:
               (1)  Chapter 380, Local Government Code; and
               (2)  Subchapter A, Chapter 1509, Government Code.
         Sec. 4015.0307.  PARKING FACILITIES.  (a)  The district may
  acquire, lease as lessor or lessee, construct, develop, own,
  operate, and maintain parking facilities or a system of parking
  facilities, including lots, garages, parking terminals, or other
  structures or accommodations for parking motor vehicles off the
  streets and related appurtenances.
         (b)  The district's parking facilities serve the public
  purposes of the district and are owned, used, and held for a public
  purpose even if leased or operated by a private entity for a term of
  years.
         (c)  The district's parking facilities are parts of and
  necessary components of a street and are considered to be a street
  or road improvement.
         (d)  The development and operation of the district's parking
  facilities may be considered an economic development program.
         Sec. 4015.0308.  DISBURSEMENTS AND TRANSFERS OF MONEY.  The
  board by resolution shall establish the number of directors'
  signatures and the procedure required for a disbursement or
  transfer of district money.
         Sec. 4015.0309.  ADDING OR EXCLUDING LAND.  Except as
  provided by Section 4015.0310, the district may add or exclude land
  in the manner provided by Subchapter J, Chapter 49, Water Code, or
  by Subchapter H, Chapter 54, Water Code.
         Sec. 4015.0310.   DIVISION OF DISTRICT. (a) The district may
  be divided into two or more new districts only if the district:
               (1)  has no outstanding bonded debt; and
               (2)  is not imposing ad valorem taxes.
         (b)  This chapter applies to any new district created by the
  division of the district, and a new district has all the powers and
  duties of the district.
         (c)  Any new district created by the division of the district
  may not, at the time the new district is created, contain any land
  outside the area described by Section 3(b) of the Act enacting this
  chapter.
         (d)  The board, on its own motion or on receipt of a petition
  signed by the owner or owners of a majority of the assessed value of
  the real property in the district, may adopt an order dividing the
  district.
         (e)  An order dividing the district must:
               (1)  name each new district;
               (2)  include the metes and bounds description of the
  territory of each new district;
               (3)  appoint initial directors for each new district;
  and
               (4)  provide for the division of assets and liabilities
  between or among the new districts.
         (f)  On or before the 30th day after the date of adoption of
  an order dividing the district, the district shall file the order
  with the Texas Commission on Environmental Quality and record the
  order in the real property records of each county in which the
  district is located.
         Sec. 4015.0311.  EMINENT DOMAIN.  Subject to the limitations
  provided by Section 54.209, Water Code, the district may exercise
  the power of eminent domain in the manner provided by Section
  49.222, Water Code.
  SUBCHAPTER D.  ASSESSMENTS
         Sec. 4015.0401.  PETITION REQUIRED FOR FINANCING SERVICES
  AND IMPROVEMENTS WITH ASSESSMENTS.  (a)  The board may not finance a
  service or improvement project with assessments under this chapter
  unless a written petition requesting that service or improvement
  has been filed with the board.
         (b)  A petition filed under Subsection (a) must be signed by
  the owners of a majority of the assessed value of real property in
  the district subject to assessment according to the most recent
  certified tax appraisal roll for the county.
         Sec. 4015.0402.  ASSESSMENTS; LIENS FOR ASSESSMENTS.  (a)
  The board by resolution may impose and collect an assessment for any
  purpose authorized by this chapter in all or any part of the
  district.
         (b)  An assessment, a reassessment, or an assessment
  resulting from an addition to or correction of the assessment roll
  by the district, penalties and interest on an assessment or
  reassessment, an expense of collection, and reasonable attorney's
  fees incurred by the district:
               (1)  are a first and prior lien against the property
  assessed;
               (2)  are superior to any other lien or claim other than
  a lien or claim for county, school district, or municipal ad valorem
  taxes; and
               (3)  are the personal liability of and a charge against
  the owners of the property even if the owners are not named in the
  assessment proceedings.
         (c)  The lien is effective from the date of the board's
  resolution imposing the assessment until the date the assessment is
  paid.  The board may enforce the lien in the same manner that the
  board may enforce an ad valorem tax lien against real property.
         (d)  The board may make a correction to or deletion from the
  assessment roll that does not increase the amount of assessment of
  any parcel of land without providing notice and holding a hearing in
  the manner required for additional assessments.
  SUBCHAPTER E.  TAXES AND BONDS
         Sec. 4015.0501.  TAX ELECTION REQUIRED.  (a)  The district
  must hold an election in the manner provided by Chapter 49, Water
  Code, or, if applicable, Chapter 375, Local Government Code, to
  obtain voter approval before the district may impose an ad valorem
  tax.
         (b)  Section 375.243, Local Government Code, does not apply
  to the district.
         Sec. 4015.0502.  OPERATION AND MAINTENANCE TAX.  (a)  If
  authorized by a majority of the district voters voting at an
  election under Section 4015.0501, the district may impose an
  operation and maintenance tax on taxable property in the district
  in the manner provided by Section 49.107, Water Code, for any
  district purpose, including to:
               (1)  maintain and operate the district;
               (2)  construct or acquire improvements; or
               (3)  provide a service.
         (b)  The board shall determine the operation and maintenance
  tax rate.  The rate may not exceed the rate approved at the
  election.
         Sec. 4015.0503.  AUTHORITY TO BORROW MONEY AND TO ISSUE
  BONDS AND OTHER OBLIGATIONS.  (a)  The district may borrow money on
  terms determined by the board.
         (b)  The district may issue, by public or private sale,
  bonds, notes, or other obligations payable wholly or partly from ad
  valorem taxes, assessments, impact fees, revenue, contract
  payments, grants, or other district money, or any combination of
  those sources of money, to pay for any authorized district purpose.
         (c)  The district may issue, by public or private sale,
  bonds, notes, or other obligations payable wholly or partly from
  assessments in the manner provided by Subchapter A, Chapter 372,
  Local Government Code, if the improvement financed by the
  obligation issued under this section will be conveyed to or
  operated and maintained by a municipality, county, or other retail
  utility provider pursuant to an agreement with the district entered
  into before the issuance of the obligation.
         Sec. 4015.0504.  BONDS SECURED BY REVENUE OR CONTRACT
  PAYMENTS.  The district may issue, without an election, bonds
  secured by:
               (1)  revenue other than ad valorem taxes, including
  contract revenues; or
               (2)  contract payments, provided that the requirements
  of Section 49.108, Water Code, have been met.
         Sec. 4015.0505.  BONDS SECURED BY AD VALOREM TAXES;
  ELECTIONS.  (a)  If authorized at an election under Section
  4015.0501, the district may issue bonds payable from ad valorem
  taxes.
         (b)  At the time the district issues bonds payable wholly or
  partly from ad valorem taxes, the board shall provide for the annual
  imposition of a continuing direct annual ad valorem tax, without
  limit as to rate or amount, for each year that all or part of the
  bonds are outstanding as required and in the manner provided by
  Sections 54.601 and 54.602, Water Code.
         (c)  All or any part of any facilities or improvements that
  may be acquired by a district by the issuance of its bonds may be
  submitted as a single proposition or as several propositions to be
  voted on at the election.
  SUBCHAPTER I.  DISSOLUTION
         Sec. 4015.0901.  DISSOLUTION.  (a)  The board shall dissolve
  the district on written petition filed with the board by the owners
  of:
               (1)  at least two-thirds of the assessed value of the
  property subject to assessment by the district based on the most
  recent certified county property tax rolls; or
               (2)  at least two-thirds of the surface area of the
  district, excluding roads, streets, highways, utility
  rights-of-way, other public areas, and other property exempt from
  assessment by the district according to the most recent certified
  county property tax rolls.
         (b)  The board by majority vote may dissolve the district at
  any time.
         (c)  The district may not be dissolved by its board under
  Subsection (a) or (b) if the district:
               (1)  has any outstanding bonded indebtedness until that
  bonded indebtedness has been repaid or defeased in accordance with
  the order or resolution authorizing the issuance of the bonds;
               (2)  has a contractual obligation to pay money until
  that obligation has been fully paid in accordance with the
  contract; or
               (3)  owns, operates, or maintains public works,
  facilities, or improvements unless the district contracts with
  another person for the ownership, operation, or maintenance of the
  public works, facilities, or improvements.
         (d)  Sections 375.261, 375.262, and 375.264, Local
  Government Code, do not apply to the district.
         (b)  The Wolf Creek Municipal Management District No. 1
  initially includes all territory contained in the following area:
  LEGAL DESCRIPTION - TRACT 1
  760.994 ACRE TRACT
  LEGAL DESCRIPTION: Being 760.994 acres of land out of the E. Tedwell
  Survey, Abstract No. 1035, the J. C. Bates Survey, Abstract No. 35,
  I. White Survey, Abstract No. 144, J. Grilski Survey, Abstract
  No. 387, the W. Rogers Survey, Abstract No. 1885, the A. J. Hefner
  Survey, Abstract No. 473 and the Wm. H. Sowell Survey, Abstract
  No. 996 in Hunt County, Texas and also being all of that certain
  760.70 acre tract described in Doc. #2023-10812 of the Official
  Public Records of said Hunt County, Texas; Said 760.70 acre tract
  being more particularly described as follows and as surveyed under
  the supervision of Cross Texas Land Services, Inc in October, 2024:
  BEGINNING at a calculated point in the east line of State Highway
  No. 34 for the northwest corner of that certain 93.00 acre tract
  described in Volume 1493, Page 676 of the Official Public Records
  and the southwest corner hereof;
  THENCE along the east line of said Highway, the following 3 courses:
         1.  North 00°22'32" West a distance of 752.68 feet to a
  concrete monument found;
         2.  Along a curve turning to the left with an arc length of
  1345.62 feet, with a radius of 2914.79 feet, with a chord bearing of
  North 13°30'37" West, a distance of 1333.70 feet to a 1/2" iron rod
  with cap found;
         3.  North 26°40'59" West a distance of 1444.79 feet to a 1/2"
  iron rod with cap found for the southeast corner of that certain
  28.000 acre tract described in Volume 530, Page 896 of the Official
  Public Records and a corner hereof;
  THENCE along the south and east lines of said 28.000 acre tract, the
  following 2 courses:
         1.  North 89°25'39" East a distance of 2361.72 feet to a 3/8"
  iron rod found;
         2.  North 00°50'48" West a distance of 738.78 feet to a 3/8"
  iron rod found for the northeast corner of said 28.000 acre tract
  and the southeast corner of that certain 20.000 acre tract
  described in Volume 1426, Page 349 of the Official Public Records;
  THENCE along the east lines of said 20.000 acre tract and another
  20.000 acre tract described in said Volume 1426, Page 349, the
  following 2 courses:
         1.  North 00°56'12" West a distance of 316.90 feet to a 3/8"
  iron rod found;
         2.  North 00°11'39" West a distance of 312.42 feet to a 3/8"
  iron rod found for the northeast corner of said 20.000 acre tract
  and the southeast corner of that certain 35.00 acre tract described
  in Doc #2017-17935 of the Official Public Records;
  THENCE North 00°30'43" West a distance of 1117.52 feet along the
  east lines of said 35.00 acre tract and that certain 30.932 acre
  tract described in Volume 151, Page 816 of the Official Public
  Records to a 1/2" iron rod found for the northeast corner of said
  30.932 acre tract and the southeast corner of that certain 26.350
  acre tract described in Doc. #2017-10496 of the Official Public
  Records;
  THENCE along the east line of said 26.350 acre tract, the following
  3 courses:
         1.  North 00°43'09" West a distance of 291.80 feet to a 6"
  fence corner post found;
         2.  North 89°59'29" West a distance of 820.45 feet to a 1/2"
  iron rod found;
         3.  North 00°18'57" West a distance of 321.55 feet to a 1/2"
  iron rod found for the northeast corner of said 26.350 acre tract
  and the southeast corner of the KRS Acres Subdivision recorded in
  Cabinet I, Slide 118 of the Plat Records of said Hunt County, Texas;
  THENCE along the east line of said KRS Acres Subdivision, the
  following courses:
         1.  North 00°07'49" East a distance of 486.54 feet to a 1/2"
  iron rod found;
         2.  South 89°57'14" West a distance of 823.22 feet to a 10"
  fence corner post found;
         3.  North 01°27'39" West a distance of 148.71 feet to a 1/2"
  iron rod with cap found;
         4.  North 01°06'12" West a distance of 275.06 feet to a 1/2"
  iron rod with cap found;
         5.  North 00°58'47" West a distance of 363.10 feet to a
  calculated point;
         6.  South 89°09'30" West a distance of 571.70 feet to a 3/8"
  iron rod found for a corner of said Subdivision and the southeast
  corner of that certain 2.48 acre tract described in Volume 1246,
  Page 614 of the Official Public Records;
  THENCE North 00°59'32" East a distance of 190.75 feet along the east
  line of said 2.48 acre tract to a 3/8" iron rod found for the
  northeast corner of said 2.48 acre tract and the southeast corner of
  the Fox Ranch Subdivision recorded in Cabinet I, Slide 190 of said
  Plat Records;
  THENCE along the east and north lines of said Subdivision, the
  following 3 courses:
         1.  North 00°16'43" East a distance of 791.33 feet to a 3/8"
  iron rod found;
         2.  North 89°34'03" West a distance of 330.97 feet to a 1/2"
  iron rod found;
         3.  North 89°48'03" West a distance of 218.58 feet to a 1/2"
  iron rod with cap found in the east line of said Highway for the
  northwest corner of said Subdivision and a corner hereof;
  THENCE North 00°39'23" West a distance of 1320.29 feet along the
  east line of said Highway to a 1/2" iron rod with cap found for the
  southwest corner of that certain 1.94 acre tract described in Doc
  #2022-26595 of the Official Public Records and a corner hereof;
  THENCE along the south and east lines of said 1.94 acre tract, the
  following 2 courses:
         1.  North 87°17'01" East a distance of 425.37 feet to a 8"
  fence corner post found;
         2.  North 02°19'21" East a distance of 184.09 feet to a 1/2"
  iron rod with cap found in the south line of that certain 4.466 acre
  tract described in Doc #2021-15766 of the Official Public Records
  for the northeast corner of said 1.94 acre tract and a corner
  hereof;
  THENCE along the south and east lines of said 4.466 acre tract and
  the east line of that certain 2.181 acre tract described in Doc
  #2022-27712 of the Official Public Records, the following 2
  courses:
         1.  North 89°41'23" East a distance of 322.86 feet to a 1/2"
  iron rod with cap found;
         2.  North 00°30'12" West, at a distance of 1216.14 feet pass a
  1/2" iron rod with cap found in the south line of County Road 4300,
  in all a total distance of 1238.71 feet to a calculated point in the
  centerline of said County Road 4300 for the northeast corner of said
  2.181 acre tract and the northwest corner hereof;
  THENCE along the centerline of said County Road 4300, the following
  8 courses:
         1.  North 86°07'51" East a distance of 262.27 feet to a point;
         2.  North 86°43'14" East a distance of 80.79 feet to a point;
         3.  North 89°47'16" East a distance of 86.35 feet to a point;
         4.  South 88°04'38" East a distance of 123.14 feet to a point;
         5.  South 86°21'55" East a distance of 146.45 feet to a point;
         6.  South 69°38'53" East a distance of 128.91 feet to a point;
         7.  South 27°52'20" East a distance of 95.06 feet to a point;
         8.  South 44°16'56" East a distance of 8.18 feet to a point
  for the northwest corner of that certain 34.44 acre tract described
  in Doc #2023-9748 of the Official Public Records and the northeast
  corner hereof;
  THENCE along the west and south lines of said 34.44 acre tract, the
  following 2 courses:
         1.  South 00°23'08" East, at a distance of 90.45 feet pass a
  1/2" iron rod with cap found, in all a total distance of 1118.08
  feet to a 1/2" iron rod found;
         2.  North 89°18'21" East a distance of 1321.38 feet to a
  calculated point for the southeast corner of said 34.44 acre tract,
  the southwest corner of that certain 18.943 acre tract described in
  Doc #2017-370 of the Official Public Records, the northwest corner
  of that certain 25.825 acre tract described in Doc #2009-15211 of
  the Official Public Records and a corner hereof and from which a 1"
  sq. rod found bears North 87°50'13" West a distance of 42.02 feet;
  THENCE South 00°09'42" East, at distance of 893.3 feet pass a 1/2"
  iron rod with cap found, in all a total distance of 938.30 feet
  along the west line of said 25.825 acre tract and that certain tract
  described in Volume 483, Page 283 to a point in the record
  centerline of a Creek;
  THENCE along the record centerline of said Creek and the west line
  of said 483, Page 283, the following courses:
         1.  South 72°08'04" East a distance of 45.78 feet to a point;
         2.  South 33°20'42" East a distance of 27.02 feet to a point;
         3.  South 10°58'08" East a distance of 29.00 feet to a point;
         4.  North 89°28'00" East a distance of 105.66 feet to a point;
         5.  South 25°24'59" East a distance of 74.13 feet to a point;
         6.  South 49°16'58" East a distance of 58.57 feet to a point;
         7.  South 03°24'42" West a distance of 44.07 feet to a point;
         8.  South 40°09'20" East a distance of 139.97 feet to a point;
         9.  South 13°31'51" East a distance of 183.34 feet to a point;
         10.  South 05°58'44" West a distance of 53.06 feet to a point;
         11.  South 46°20'36" East a distance of 37.87 feet to a point;
         12.  South 81°03'48" East a distance of 89.18 feet to a point;
         13.  South 40°46'19" East a distance of 94.55 feet to a point;
         14.  South 22°13'47" East a distance of 2851.43 feet to a 1/2"
  iron rod with cap found for a corner of said tract described in
  Volume 483, Page 283 and a corner hereof;
  THENCE North 89°49'48" East, at a distance of 559.87 feet pass a 1/2"
  iron rod with cap found, in all a total distance of 609.92 feet
  along the south line of said tract described in Volume 483, Page
  2583 to a point in the centerline of a Creek for the northwest
  corner of that certain 89.08 acre tract described in Doc
  #2022-17135 of the Official Public Records and a corner hereof;
  THENCE along the record centerline of said Creek, the following 30
  courses:
         1.  South 04°35'43" West a distance of 25.00 feet to a point;
         2.  South 33°29'24" West a distance of 70.77 feet to a point;
         3.  South 00°49'53" East a distance of 166.09 feet to a point;
         4.  South 35°55'14" West a distance of 61.54 feet to a point;
         5.  South 67°26'06" West a distance of 36.23 feet to a point;
         6.  North 52°02'58" West a distance of 19.73 feet to a point;
         7.  South 69°33'07" West a distance of 42.88 feet to a point;
         8.  South 32°30'15" West a distance of 39.90 feet to a point;
         9.  South 03°09'50" East a distance of 49.91 feet to a point;
         10.  South 21°23'35" East a distance of 65.09 feet to a point;
         11.  South 01°42'59" West a distance of 136.42 feet to a
  point;
         12.  South 08°19'20" East a distance of 77.22 feet to a point;
         13.  South 08°28'17" West a distance of 158.52 feet to a
  point;
         14.  South 75°48'53" West a distance of 67.64 feet to a point;
         15.  South 28°26'38" West a distance of 33.40 feet to a point;
         16.  South 43°08'40" East a distance of 29.07 feet to a point;
         17.  South 78°40'43" East a distance of 42.05 feet to a point;
         18.  South 30°03'18" East a distance of 90.52 feet to a point;
         19.  South 13°53'28" East a distance of 109.94 feet to a
  point;
         20.  South 12°20'16" West a distance of 36.54 feet to a point;
         21.  South 46°21'58" West a distance of 23.87 feet to a point;
         22.  South 69°56'27" West a distance of 71.22 feet to a point;
         23.  South 46°37'01" West a distance of 25.98 feet to a point;
         24.  South 04°06'30" East a distance of 20.05 feet to a point;
         25.  South 44°50'29" East a distance of 162.99 feet to a
  point;
         26.  South 25°51'29" East a distance of 26.40 feet to a point;
         27.  South 04°38'56" West a distance of 83.37 feet to a point;
         28.  South 23°22'06" East a distance of 107.32 feet to a
  point;
         29.  South 04°04'14" East a distance of 140.82 feet to a
  point;
         30.  South 14°36'18" East a distance of 51.47 feet to a point
  in the north line of that certain tract described in Volume 777,
  Page 461 of said Official Public Records and a corner hereof and
  from which a 8" pipe fence corner post found bears South 59°40'31"
  East a distance of 25.10 feet;
  THENCE along the west line of said tract described in Volume 777,
  Page 461, the following 3 courses:
         1.  South 89°43'51" West a distance of 83.23 feet to a
  calculated point and from which a bent axle at a fence corner post
  found bears South 70°46'58" West a distance of 22.99 feet;
         2.  South 01°35'00" East a distance of 1488.00 feet to a 1/2"
  iron rod found;
         3.  South 86°11'03" East a distance of 646.88 feet to a 1/2"
  iron rod found in the east line of that certain 62.400 acre tract
  described in Doc #2015-4073 of the Official Public Records for a
  corner of said tract described in Volume 777, Page 461 and a corner
  hereof;
  THENCE South 00°56'41" East a distance of 1384.62 feet along the
  west line of said 62.400 acre tract to a 1 1/2" iron rod found in the
  north line of that certain 95.59 acre tract described in Doc
  #2016-32 of the Official Public Records for a corner of said 62.400
  acre tract and a corner hereof;
  THENCE along the north and west lines of said 95.59 acre tract, the
  following 23 courses:
         1.  South 89°09'49" West, at a distance of 845.47 feet pass a
  10" fence corner post found, in all a total distance of 874.34 feet
  to a point in the record centerline of a Creek;
         2.  Continue along the record centerline of said Creek, South
  00°24'14" West a distance of 250.46 feet to a point;
         3.  South 35°13'54" East a distance of 55.71 feet to a point;
         4.  South 19°10'32" East a distance of 74.84 feet to a point;
         5.  South 40°21'36" East a distance of 54.71 feet to a point;
         6.  South 07°41'54" East a distance of 46.68 feet to a point;
         7.  South 09°28'03" West a distance of 62.39 feet to a point;
         8.  South 21°39'28" East a distance of 21.73 feet to a point;
         9.  South 46°03'09" East a distance of 82.83 feet to a point;
         10.  South 02°15'15" East a distance of 44.46 feet to a point;
         11.  South 14°28'10" West a distance of 46.62 feet to a point;
         12.  South 32°18'24" West a distance of 89.85 feet to a point;
         13.  South 11°49'48" West a distance of 39.97 feet to a point;
         14.  South 23°03'12" East a distance of 31.07 feet to a point;
         15.  South 40°07'39" East a distance of 145.23 feet to a
  point;
         16.  South 03°17'29" East a distance of 63.16 feet to a point;
         17.  South 43°44'01" West a distance of 78.37 feet to a point;
         18.  South 04°20'02" West a distance of 27.84 feet to a point;
         19.  South 17°04'50" East a distance of 73.72 feet to a point;
         20.  South 45°05'59" East a distance of 103.01 feet to a
  point;
         21.  South 00°05'44" East a distance of 45.17 feet to a point;
         22.  South 31°59'19" West a distance of 74.10 feet to a point;
         23.  South 13°04'12" West a distance of 15.89 feet to a point
  for a corner of said 95.59 acre tract, the northeast corner of that
  certain 140 acre tract described in Doc #2019-07238 of the Official
  Public Records and the southeast corner hereof and from which a 1/2"
  iron rod on west bank of creek bears South 89°46'46" West a distance
  of 15.33 feet;
  THENCE South 89°46'46" West a distance of 3654.99 feet along the
  north line of said 140 acre tract, the north line of that certain
  54.76 acre tract described in Doc #2024-10813 of the Official
  Public Records and the north line of said 93.00 acre tract to the
  POINT OF BEGINNING containing 760.70 acres more or less, and as
  shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 2
  243.025 ACRE TRACT
  LEGAL DESCRIPTION: Being 243.025 acres of land out of the J. Glass
  Survey, Abstract No. 348 in Hunt County, Texas and also being all of
  that certain 243.114 acre tract described in Doc. #2023-14230 of
  the Official Public Records of said Hunt County, Texas; Said
  243.025 acre tract being more particularly described as follows and
  as surveyed under the supervision of Cross Texas Land Services, Inc
  in October, 2024:
  BEGINNING at a calculated point in the east line of that certain
  4.7726 acre tract described in Doc. #2024-7702 of said Official
  Public Records for the northwest corner of that certain 88.79 acre
  tract described in Doc. #2021-10156 of said Official Public Records
  and the southwest corner hereof and from which a 24" oak tree fence
  corner found bears North 69°26'17" East a distance of 12.80 feet;
  THENCE the following 5 courses:
         1.  North 01°06'32" West along the east line of said 4.7726
  acre tract, at a distance of 173.07 feet pass a 5/8" iron rod found
  for the northeast corner of said 4.7726 acre tract and a corner of
  that certain 19.081 acre tract described in Doc. #2024-7702 of said
  Official Public Records, continue along the east line of said
  19.081 acre tract, a total distance of 670.12 feet to a 1/2" iron
  rod found;
         2.  South 89°55'03" East a distance of 790.46 feet to a 3/8"
  iron rod found;
         3.  North 14°11'34" West a distance of 618.30 feet to a 3/8"
  iron rod found;
         4.  North 89°50'15" West a distance of 658.22 feet to a 4"
  fence corner post found;
         5.  North 01°03'32" West a distance of 89.51 feet to a 3/8"
  iron rod found for a corner of said 19.081 acre tract and the
  southeast corner of that Legacy Farms Subdivision recorded in
  Cabinet H, Slide 373-374 of the Plat Records of said Hunt County,
  Texas;
  THENCE along the east line of said Legacy Farms Subdivision, the
  following 2 courses:
         1.  North 01°27'55" West a distance of 536.62 feet to a 1/2"
  iron rod with cap found;
         2.  North 01°24'26" West a distance of 1099.63 feet to a
  calculated point in the centerline of County Road 4303 for the
  northeast corner of said Subdivision and the northwest corner
  hereof and from which a 1/2" iron rod with cap found bears North
  80°12'05" East a distance of 194.33 feet;
  THENCE along the centerline of said County Road 4303, the following
  8 courses:
         1.  North 89°38'33" East a distance of 2576.07 feet to a
  point;
         2.  North 75°41'21" East a distance of 160.98 feet to a point;
         3.  North 00°12'13" West a distance of 20.62 feet to a 1/2"
  iron rod found;
         4.  South 89°05'13" East a distance of 723.30 feet to a 1/2"
  iron rod found;
         5.  South 89°08'42" East a distance of 118.08 feet to a 3/8"
  iron rod found;
         6.  South 00°26'54" West a distance of 2398.12 feet to a 1/2"
  iron rod with cap found;
         7.  South 89°49'50" East a distance of 671.05 feet to a 1/2"
  iron rod found;
         8.  South 87°01'38" East a distance of 369.98 feet to an angle
  iron found in the west line of State Highway No. 118 for a corner
  hereof;
  THENCE South 32°31'20" West a distance of 468.45 feet along the west
  line of said Highway to a 5/8" iron rod found for the northeast
  corner of that certain 1.0 acre tract described in Doc. #2018-95 of
  said Official Public Records and the southeast corner hereof;
  THENC South 89°32'11" West a distance of 784.64 feet along the north
  line of said 1.0 acre tract and that certain 2.86 acre tract
  described in Doc. #2019-5451 of said Official Public Records to a
  5/8" iron rod found for the northwest corner of said 2.86 acre tract
  and a corner hereof;
  THENCE South 00°25'44" East a distance of 237.77 feet along the west
  line of said 2.86 acre tract to a 5/8" iron rod found in the north
  line of the Rolling Acres Phase One Subdivision recorded in Doc.
  #2023-23698 of said Plat Records for the southwest corner of said
  2.86 acre tract and a corner hereof;
  THENCE North 89°59'35" West a distance of 1954.99 feet along the
  north line of said Phase One to a 1/2" iron rod found for the
  northwest corner of said Phase One and a corner of said 88.79 acre
  tract;
  THENCE South 89°58'52" West a distance of 1530.58 feet along the
  north line of said 88.79 acre tract to the POINT OF BEGINNING
  containing 243.025 acres more or less, and as shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 3
  30.677 ACRE TRACT
  LEGAL DESCRIPTION: Being 30.677 acres of land out of the D. Slack
  Survey, Abstract No. 948 in Hunt County, Texas and also being all of
  that certain 30.600 acre tract described in Volume 1334, Page 427 of
  the Official Public Records of said Hunt County, Texas; Said 30.677
  acre tract being more particularly described as follows and as
  surveyed under the supervision of Cross Texas Land Services, Inc in
  October, 2024:
  BEGINNING at a 1/2" iron rod found in the east line of State Highway
  No. 118 for the southwest corner of that certain 30.000 acre tract
  described in Doc. #2008-15366 of said Official Public Records and
  the northwest corner hereof;
  THENCE North 89°35'08" East a distance of 1726.90 feet along the
  south line of said 30.000 acre tract to a 1/2" iron rod found in the
  west line of that certain 190.7175 acre tract described in Doc.
  #2024-5341 of said Official Public Records for the southeast corner
  of said 30.000 acre tract and the northeast corner hereof;
  THENCE along the west line of said 190.7175 acre tract, the
  following 3 courses:
         1.  South 18°41'51" East a distance of 117.55 feet to a 3/8"
  iron rod found;
         2.  South 08°54'45" East a distance of 521.05 feet to a 3/8"
  iron rod found;
         3.  South 03°53'59" East a distance of 334.52 feet to a 1/2"
  iron rod with cap found in the north line of that certain 240.951
  acre tract described in Volume 1695, Page 597 of said Official
  Public Records for the southwest corner of said 190.7175 acre tract
  and the southeast corner hereof;
  THENCE South 89°32'41" West a distance of 471.82 feet along the
  north line of said 240.951 acre tract to a 10" pine fence corner
  post found in the east line of that certain 17.964 acre tract
  described in Doc. #2014-4695 of said Official Public Records for
  the northwest corner of said 240.951 acre tract and the southwest
  corner hereof;
  THENCE North 01°59'22" West a distance of 36.15 feet along the east
  line of said 17.964 acre tract to a 5/8" iron rod found for the
  northeast corner of said 17.964 acre tract and the southeast corner
  of that certain 15.493 acre tract described in Doc. #2018-8241 of
  said Official Public Records;
  THENCE along east and north lines of said 15.493 acre tract, the
  following 2 courses:
         1.  North 00°43'46" West a distance of 327.50 feet to a 1/2"
  iron rod found;
         2.  North 89°46'58" West a distance of 1762.03 feet to a 3/8"
  iron rod found in the east line of said Highway for the northwest
  corner of said 15.493 acre tract and the southwest corner hereof;
  THENCE North 32°35'06" East a distance of 689.32 feet along the east
  line of said Highway to the POINT OF BEGINNING containing 30.677
  acres more or less, and as shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 4
  190.815 ACRE TRACT
  LEGAL DESCRIPTION: Being 190.815 acres of land out of the D. Slack
  Survey, Abstract No. 948 in Hunt County, Texas and also being all of
  that certain 190.7175 acre tract described in Doc. #2024-5341 of
  the Official Public Records of said Hunt County, Texas; Said
  190.815 acre tract being more particularly described as follows and
  as surveyed under the supervision of Cross Texas Land Services, Inc
  in October, 2024:
  BEGINNING at a 1/2" iron rod found in the bed of County Road 4305 and
  the common line of the D. Slack Survey, Abstract No. 948 and said
  Sweeney Survey and the north line of that certain 240.951 acre tract
  described in Volume 1695, Page 597 of said Official Public Records
  for the southeast corner hereof;
  THENCE along the north line of said 240.951 acre tract and the north
  line, the following 2 courses:
         1.  South 54°47'13" West a distance of 156.88 feet to a 1/2"
  iron rod with cap found;
         2.  South 89°45'54" West a distance of 2735.96 feet to a 1/2"
  iron rod with cap found for the southeast corner of that certain
  30.600 acre tract described in Volume 1334, Page 427 of said
  Official Public Records and the southwest corner hereof;
  THENCE along the east line of said 30.600 acre tract, the following
  3 courses:
         1.  North 03°53'59" West a distance of 334.52 feet to a 3/8"
  iron rod found;
         2.  North 08°54'45" West a distance of 521.05 feet to a 3/8"
  iron rod found;
         3.  North 18°41'51" West a distance of 117.55 feet to a 1/2"
  iron rod found for the northeast corner of said 30.600 acre tract
  and the southeast corner of that certain 30.000 acre tract
  described in Doc. #2008-15366 of said Official Public Records;
  THENCE the following 3 courses:
         1.  North 11°13'02" West along the east line of said 30.000
  acre tract, at a distance of 1031.37 feet pass a 3/8" iron rod found
  for the northeast corner of said 30.000 acre tract and the southeast
  corner of that certain 2.2 acre tract described in Doc. #2014-2780
  of said Official Public Records, in all a total distance of 1135.69
  feet along the east line of said 2.2 acre tract to a calculated
  point;
         2.  North 00°04'08" East a distance of 615.43 feet along the
  east line of said 2.2 acre tract to a 1/2" iron rod found;
         3.  North 89°12'29" East a distance of 3227.73 feet along the
  south line of that certain tract described in Volume 1460, Page 372
  to a calculated point in the centerline of County Road 4305 for the
  common line of said Sweeney Survey and said Slack Survey for the
  southeast corner of said Volume 1460, Page 372 and the northeast
  corner hereof and from which 4" pine fence corner post found bears
  South 89°12'29" West a distance of 18.41 feet;
  THENCE along the centerline of County Road 4305 for the common line
  of said Sweeney Survey and said Slack Survey, the following 2
  courses:
         1.  South 00°08'05" East a distance of 1173.72 feet to a
  point;
         2.  South 00°11'08" West a distance of 1458.51 feet to the
  POINT OF BEGINNING containing 190.815 acres more or less, and as
  shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 5
  102.514 ACRE TRACT
  LEGAL DESCRIPTION: Being 102.514 acres of land out of the T. P.
  Sweeney Survey, Abstract No. 960 in Hunt County, Texas and also
  being all of that certain 102.552 acre tract described in Doc.
  #2024-5341 of the Official Public Records of said Hunt County,
  Texas; Said 102.514 acre tract being more particularly described as
  follows and as surveyed under the supervision of Cross Texas Land
  Services, Inc in October, 2024:
  BEGINNING at a calculated point in the centerline of County Road
  4307 for the common line of the R. McGahee Survey, Abstract No. 662
  and said Sweeney Survey for the northeast corner of that certain
  17.322 acre tract described in Doc. #2013-4011 of said Official
  Public Records and the southeast corner hereof and from which a 3/4"
  iron rod found bears North 89°19'35" West a distance of 21.71 feet;
  THENCE along the north line of said 17.322 acre tract and the north
  line of that certain 132.198 acre tract described in Volume 1695,
  Page 597 of said Official Public Records, the following 2 courses:
         1.  North 89°19'35" West a distance of 819.24 feet to a 1/2"
  iron rod found;
         2.  North 89°20'17" West a distance of 1553.74 feet to a 1/2"
  iron rod found for the northwest corner of said 132.198 acre tract
  and the northeast corner of that certain 240.951 acre tract
  described in said Volume 1695, Page 597;
  THENCE North 89°19'05" West a distance of 1123.55 feet along the
  north line of said 240.951 acre tract to a 1/2" iron rod found in the
  bed of County Road 4305 and the common line of the D. Slack Survey,
  Abstract No. 948 and said Sweeney Survey for the northwest corner
  of said 240.951 acre tract and the southwest corner hereof;
  THENCE North 00°11'08" East a distance of 1458.51 feet along the
  centerline of said County Road 4305 and said common line to a
  calculated point for the southwest corner of that certain 10.010
  acre tract described in Doc. #2024-04636 of said Official Public
  Records and the northwest corner hereof and from which a 1/2" iron
  rod found bears South 89°45'22" East a distance of 17.98 feet;
  THENCE South 89°45'22" East a distance of 2284.86 feet along the
  south line of said 10.010 acre tract and the south line of that
  certain 26.058 acre tract described in Doc. #2013-5747 of said
  Official Public Records to a 1/2" iron rod found for the southeast
  corner of said 26.058 acre tract and the southwest corner of that
  certain 10.082 acre tract described in Doc. #2021-10300 of said
  Official Public Records;
  THENCE South 89°48'34" East a distance of 381.30 feet along the
  south line of said 10.082 acre tract to a 1/2" iron rod with cap
  found for the northwest corner of that certain 14.4658 acre tract
  described in Doc. #2024-05070 of said Official Public Records and
  the northeast corner hereof;
  THENCE along the west and south lines of said 14.4658 acre tract,
  the following 2 courses:
         1.  South 00°16'22" East a distance of 786.45 feet to a 1/2"
  iron rod with cap found;
         2.  South 86°22'24" East a distance of 795.46 feet to a
  calculated point in the centerline of said County Road 4307 for said
  common line of said McGahee Survey and said Sweeney Survey for the
  southeast corner of said 14.4658 acre tract and a corner hereof and
  from which a 1/2" iron rod with cap found bears North 86°22'24" West
  a distance of 22.55 feet;
  THENCE South 02°26'39" East a distance of 652.30 feet along the
  centerline of said County Road 4307 for said common line of said
  McGahee Survey and said Sweeney Survey to the POINT OF BEGINNING
  containing 102.514 acres more or less, and as shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 6
  114.976 ACRE TRACT
  LEGAL DESCRIPTION: Being 114.976 acres of land out of the T. P.
  Sweeney Survey, Abstract No. 960 in Hunt County, Texas and also
  being a portion of that certain 132.198 acre tract described in
  Volume 1695, Page 597 of the Official Public Records of said Hunt
  County, Texas; Said 114.976 acre tract being more particularly
  described as follows and as surveyed under the supervision of Cross
  Texas Land Services, Inc in October, 2024:
  BEGINNING at a 1/2" iron rod with cap found in centerline
  intersection of County Road 4310/4307 and the common line of the
  J. F. Gilbert Survey, Abstract No. 390 and said Sweeney Survey, the
  for the southeast corner of said 132.198 acre tract and the
  southeast corner hereof;
  THENCE North 89°45'17" West a distance of 2508.86 feet along the
  centerline of County Road 4310, the south line of said 132.198 acre
  tract and the common line of said Gilbert Survey and said Sweeney
  Survey to a calculated point for the southeast corner of that
  certain 240.951 acre tract described in said Volume 1695, Page 597,
  the southwest corner of said 132.198 acre tract and the southwest
  corner hereof and from which a 1/2" iron rod with cap found bears
  North 00°23'28" East a distance of 20.05 feet;
  THENCE North 00°23'28" East a distance of 2368.82 feet along the
  common line of said 240.951 acre tract and said 132.198 acre tract
  to a 1/2" iron rod with cap found in the south line of that certain
  102.552 acre tract described in Doc. #2024-5341 of said Official
  Public Records for the northeast corner of said 240.951 acre tract,
  the northwest corner of said 132.198 acre tract and the northwest
  corner hereof;
  THENCE South 89°20'17" East a distance of 1460.96 feet along the
  common line of said 102.552 acre tract and said 132.198 acre tract
  to a calculated point for the northwest corner of that certain
  17.322 acre tract described in Doc. #2013-4011 of said Official
  Public Records and the northeast corner hereof and from which a 1/2"
  iron rod with cap found bears South 89°20'17" East a distance of
  92.77 feet;
  THENCE along the west and south lines of said 17.322 acre tract and
  crossing said 132.198 acre tract, the following courses:
         1.  South 00°05'21" East a distance of 121.94 feet to a
  calculated point;
         2.  South 05°41'02" East a distance of 89.01 feet to a
  calculated point;
         3.  South 03°27'48" East a distance of 110.51 feet to a
  calculated point;
         4.  South 00°57'43" East a distance of 159.65 feet to a
  calculated point;
         5.  South 00°38'15" East a distance of 165.15 feet to a
  calculated point;
         6.  South 06°49'22" East a distance of 140.83 feet to a
  calculated point;
         7.  South 06°57'07" East a distance of 47.87 feet to a t-post;
         8.  North 89°26'29" East a distance of 913.79 feet to a
  calculated point in the centerline of said County Road 4307 for the
  common line of the R. McGahee Survey, Abstract No. 662 and said
  Sweeney Survey and the east line of said 132.198 acre tract for the
  southeast corner of said 17.322 acre tract and a corner hereof and
  from which a 1/2" iron rod with cap found bears South 89°26'29" West
  a distance of 32.39 feet;
  THENCE South 02°48'09" East a distance of 1540.45 feet along the
  centerline of said County Road 4307 for the common line of said
  McGahee Survey and said Sweeney Survey and the east line of said
  132.198 acre tract to the POINT OF BEGINNING containing 114.976
  acres more or less, and as shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 7
  89.570 ACRE TRACT
  LEGAL DESCRIPTION: Being 89.570 acres of land out of the J. F.
  Gilbert Survey, Abstract No. 390 in Hunt County, Texas and also
  being all of that certain 89.42 acre tract described in Doc.
  #2023-21984 of the Official Public Records of said Hunt County,
  Texas; Said 89.570 acre tract being more particularly described as
  follows and as surveyed under the supervision of Cross Texas Land
  Services, Inc in October, 2024:
  BEGINNING at a calculated point in the south line of County Road
  4310 for the northeast corner of that certain 162.036 acre tract
  described in Volume 302, Page 497 of said Official Public Records
  and the northwest corner hereof and from which a car axle found
  bears North 00°11'39" West a distance of 1.38 feet;
  THENCE North 89°46'57" East along the south line of said County Road
  4310 and the south line of that certain 19.55 acre tract described
  in Doc. #2010-366 of said Official Public Records, at a distance of
  2186.29 feet pass a 3/8" iron rod found for the southeast corner of
  said 19.55 acre tract and the southwest corner of that certain
  19.950 acre tract described in Doc. #2024-9188 of said Official
  Public Records, in all a total distance of 2211.51 feet to a
  calculated point for the northwest corner of that certain 22.13
  acre tract described in Doc. #2022-8417 of said Official Public
  Records and the northeast corner hereof and from which 6" cedar
  fence corner post found bears South 74°15'47" West a distance of
  5.32 feet;
  THENCE South 00°04'48" West along the west line of said 22.13 acre
  tract, at a distance of 1475.02 feet pass a 6" pine fence corner
  post found for the southwest corner of said 22.13 acre tract and the
  northwest corner of that certain 28.01 acre tract described in Doc.
  #2020-19273 of said Official Public Records, in all a total
  distance of 1698.05 feet to a calculated point for the northeast
  corner of that certain 35.65 acre tract described in Doc.
  #2023-4933 of said Official Public Records and the southeast corner
  and from which a 6" pine fence corner post found bears North
  88°22'08" West a distance of 5.47 feet;
  THENCE North 88°22'08" West a distance of 855.51 feet along the
  north line of said 35.65 acre tract to a I-beam fence corner post
  found for the northwest corner of said 35.65 acre tract and the
  northeast corner of that certain 297.870 acre tract described in
  Doc. #2023-15828 of said Official Public Records;
  THENCE North 89°19'33" West a distance of 2051.13 feet along the
  north line of said 297.93 acre tract to a 6" pine fence corner post
  found for a corner of said 162.036 acre tract and the southwest
  corner hereof;
  THENCE along the east line of said 162.036 acre tract, the following
  3 courses:
         1.  North 00°25'35" East a distance of 304.50 feet to a
  railroad tie fence corner post found;
         2.  North 89°57'24" East a distance of 699.30 feet to a 6"
  pine fence corner post found;
         3.  North 00°11'39" West a distance of 1336.17 feet to the
  POINT OF BEGINNING containing 89.570 acres more or less, and as
  shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
  LEGAL DESCRIPTION - TRACT 8
  297.870 ACRE TRACT
  LEGAL DESCRIPTION: Being 297.870 acres of land out of the T. Toby
  Survey, Abstract No. 1065, the A. Skaats Survey, Abstract No. 1016
  and the B. Barr Survey, Abstract No. 46 in Hunt County, Texas and
  also being all of that certain 297.93 acre tract described in Doc.
  #2023-15828 of the Official Public Records of said Hunt County,
  Texas; Said 297.870 acre tract being more particularly described as
  follows and as surveyed under the supervision of Cross Texas Land
  Services, Inc in October, 2024:
  BEGINNING at a concrete highway monument found in the northwest
  line of State Highway No. 224 for the southwest corner of that
  certain 31.915 acre tract described in Doc. #2021-6498 of said
  Official Public Records and the southeast corner hereof and from
  which an angle iron at a fence corner post found bears North
  61°53'25" East a distance of 2.89 feet;
  THENCE along the north line of said Highway, the following 4
  courses:
         1.  Along a curve turning to the right with an arc length of
  2208.08 feet, with a radius of 3734.72 feet, with a chord bearing of
  South 73°32'25" West, a distance of 2176.06 feet to a concrete
  highway monument found;
         2.  North 89°35'44" West a distance of 368.06 feet to a
  concrete highway monument found;
         3.  North 00°11'50" East a distance of 20.35 feet to a
  concrete highway monument found;
         4.  North 89°36'21" West a distance of 864.82 feet to a 1/2"
  iron rod with cap found for the southeast corner of that certain
  15.00 acre tract described in Doc. #2023-16273 of said Official
  Public Records and the southwest corner hereof;
  THENCE along the east and north lines of said 15.00 acre tract and
  the north line of that certain 15.72 acre tract described in Doc.
  #2023-16277 of said Official Public Records, the following 2
  courses:
         1.  North 00°24'03" East a distance of 907.10 feet to a 1/2"
  iron rod with cap found;
         2.  North 89°37'05" West a distance of 787.61 feet to a 1/2"
  iron rod cap found for the southeast corner of that certain 11.000
  acre tract described in Doc. #2023-12304 of said Official Public
  Records and a corner hereof;
  THENCE along the east and north lines of said 11.000 acre tract, the
  following 2 courses:
         1.  North 00°23'24" East a distance of 469.77 feet to a 1/2"
  iron rod with cap found;
         2.  South 89°56'37" West, at a distance of 1000.44 feet pass a
  1/2" iron rod with cap found, in all a total distance of 1030.47
  feet to a calculated point near the centerline of County Road 4200
  for the northwest corner of said 11.000 acre tract and a corner
  hereof;
  THENCE North 00°03'45" West a distance of 589.60 feet along the
  centerline of said County Road 4200 to a calculated point for the
  southwest corner of that certain 7.43 acre tract described in Doc.
  #2013-7 of said Official Public Records and a corner hereof;
  THENCE along the south and east lines of said 7.43 acre tract, the
  following 2 courses:
         1.  North 89°57'18" East, at a distance of 24.35 feet pass a
  1/2" iron rod with cap found, in all a total distance of 705.40 feet
  to a cut oof 5" pine fence corner post found;
         2.  North 00°03'26" West a distance of 617.01 feet to a 1/2"
  iron rod with cap found in the south line of said County Road 4200
  and the common line of the J. Stevens Survey, Abstract No. 995 and
  said Toby Survey for the northeast corner of said 7.43 acre tract
  and a corner hereof;
  THENCE North 89°58'28" East a distance of 141.73 feet along the
  common line of said  Stevens Survey and said Toby Survey to a 8"
  cedar fence corner post found for the southeast corner of said
  Stevens Survey, a corner of said Barr Survey, the southwest corner
  of that certain 162.036 acre tract described in Volume 302, Page 497
  of said Official Public Records and a corner hereof;
  THENCE along the southeast line of said 162.036 acre tract, the
  following 3 courses:
         1.  North 89°56'13" East a distance of 2053.09 feet along the
  common line of said  Barr Survey and said Toby Survey to a 8" cedar
  fence corner post found;
         2.  North 04°42'24" East a distance of 1205.99 feet to a 8"
  pine fence corner post found for a corner of the J. Glass Survey,
  Abstract No. 349 and the northwest corner of said Barr Survey;
         3.  North 89°29'43" East a distance of 78.57 feet along the
  common line of said Glass Survey and said Barr Survey to a 6" pine
  fence corner post found for a corner of said 162.036 acre tract and
  a corner of that certain 89.42 acre tract described in Doc.
  #2023-21984 of said Official Public Records;
  THENCE South 89°19'33" East a distance of 2051.13 feet along the
  south line of said 89.42 acre tract to a 4" I-beam fence corner post
  found for the northwest corner of that certain 35.65 acre tract
  described in Doc. #2023-4933 of said Official Public Records and
  the northeast corner hereof;
  THENCE South 00°04'11" East a distance of 1097.80 feet along the
  west line of said 35.65 acre tract to a 3/8" iron rod found for the
  southwest corner of said 35.65 acre tract and the northwest corner
  of said 31.915 acre tract;
  THENCE South 00°01'03" West a distance of 2083.58 feet along the
  west line of said 31.915 acre tract to the POINT OF BEGINNING
  containing 297.870 acres more or less, and as shown hereon.
  Note: Bearings, distances and acreage shown hereon are NAD 83,
  Texas North Zone and are derived from GPS techniques.  Iron Rod set
  are 1/2 inch rod with plastic caps marked "CTLS".
         (c)  Section 4015.0311, Special District Local Laws Code, as
  added by Section 3(a) of this Act, takes effect only if this Act
  receives a two-thirds vote of all the members elected to each house.
         (d)  If this Act does not receive a two-thirds vote of all the
  members elected to each house, Subchapter C, Chapter 4015, Special
  District Local Laws Code, as added by Section 3(a) of this Act, is
  amended by adding Section 4015.0311 to read as follows:
         Sec. 4015.0311.  NO EMINENT DOMAIN POWER.  The district may
  not exercise the power of eminent domain.
         SECTION 4.  (a)  Subtitle C, Title 4, Special District Local
  Laws Code, is amended by adding Chapter 4022 to read as follows:
  CHAPTER 4022.  RIVERS MARKET PLACE MUNICIPAL MANAGEMENT DISTRICT
  SUBCHAPTER A.  GENERAL PROVISIONS
         Sec. 4022.0101.  DEFINITIONS.  In this chapter:
               (1)  "Board" means the district's board of directors.
               (2)  "City" means the City of Elgin.
               (3)  "Director" means a board member.
               (4)  "District" means the Rivers Market Place Municipal
  Management District.
         Sec. 4022.0102.  NATURE OF DISTRICT.  The Rivers Market
  Place Municipal Management District is a special district created
  under Section 59, Article XVI, Texas Constitution.
         Sec. 4022.0103.  PURPOSE; DECLARATION OF INTENT.  (a)  The
  creation of the district is essential to accomplish the purposes of
  Sections 52 and 52-a, Article III, and Section 59, Article XVI,
  Texas Constitution, and other public purposes stated in this
  chapter.
         (b)  By creating the district and in authorizing the city and
  other political subdivisions to contract with the district, the
  legislature has established a program to accomplish the public
  purposes set out in Section 52-a, Article III, Texas Constitution.
         (c)  The creation of the district is necessary to promote,
  develop, encourage, and maintain employment, commerce,
  transportation, housing, tourism, recreation, the arts,
  entertainment, economic development, safety, and the public
  welfare in the district.
         (d)  This chapter and the creation of the district may not be
  interpreted to relieve the city from providing the level of
  services provided as of the effective date of the Act enacting this
  chapter to the area in the district.  The district is created to
  supplement and not to supplant city services provided in the
  district.
         Sec. 4022.0104.  FINDINGS OF BENEFIT AND PUBLIC PURPOSE.
  (a)  All land and other property included in the district will
  benefit from the improvements and services to be provided by the
  district under powers conferred by Sections 52 and 52-a, Article
  III, and Section 59, Article XVI, Texas Constitution, and other
  powers granted under this chapter.
         (b)  The district is created to serve a public use and
  benefit.
         (c)  The creation of the district is in the public interest
  and is essential to further the public purposes of:
               (1)  developing and diversifying the economy of the
  state;
               (2)  eliminating unemployment and underemployment; and
               (3)  developing or expanding transportation and
  commerce.
         (d)  The district will:
               (1)  promote the health, safety, and general welfare of
  residents, employers, potential employees, employees, visitors,
  and consumers in the district, and of the public;
               (2)  provide needed funding for the district to
  preserve, maintain, and enhance the economic health and vitality of
  the district territory as a community and business center;
               (3)  promote the health, safety, welfare, and enjoyment
  of the public by providing pedestrian ways and by landscaping and
  developing certain areas in the district, which are necessary for
  the restoration, preservation, and enhancement of scenic beauty;
  and
               (4)  provide for water, wastewater, drainage, road, and
  recreational facilities for the district.
         (e)  Pedestrian ways along or across a street, whether at
  grade or above or below the surface, and street lighting, street
  landscaping, parking, and street art objects are parts of and
  necessary components of a street and are considered to be a street
  or road improvement.
         (f)  The district will not act as the agent or
  instrumentality of any private interest even though the district
  will benefit many private interests as well as the public.
         Sec. 4022.0105.  INITIAL DISTRICT TERRITORY.  (a)  The
  district is initially composed of the territory described by
  Section 4(b) of the Act enacting this chapter.
         (b)  The boundaries and field notes contained in
  Section 4(b) of the Act enacting this chapter form a closure.  A
  mistake in the field notes or in copying the field notes in the
  legislative process does not affect the district's:
               (1)  organization, existence, or validity;
               (2)  right to issue any type of bonds for the purposes
  for which the district is created or to pay the principal of and
  interest on the bonds;
               (3)  right to impose or collect an assessment or tax; or
               (4)  legality or operation.
         Sec. 4022.0106.  ELIGIBILITY FOR INCLUSION IN SPECIAL ZONES.
  All or any part of the area of the district is eligible to be
  included in:
               (1)  a tax increment reinvestment zone created under
  Chapter 311, Tax Code; or
               (2)  a tax abatement reinvestment zone created under
  Chapter 312, Tax Code.
         Sec. 4022.0107.  APPLICABILITY OF MUNICIPAL MANAGEMENT
  DISTRICTS LAW.  Except as otherwise provided by this chapter,
  Chapter 375, Local Government Code, applies to the district.
         Sec. 4022.0108.  CONSTRUCTION OF CHAPTER.  This chapter
  shall be liberally construed in conformity with the findings and
  purposes stated in this chapter.
  SUBCHAPTER B.  BOARD OF DIRECTORS
         Sec. 4022.0201.  GOVERNING BODY; TERMS. (a) The district is
  governed by a board of five elected directors who serve staggered
  terms of four years.
         (b)  Directors are elected in the manner provided by
  Subchapter D, Chapter 49, Water Code.
         Sec. 4022.0202.  COMPENSATION; EXPENSES. (a) The district
  may compensate each director in an amount not to exceed $150 for
  each board meeting. The total amount of compensation for each
  director in one year may not exceed $7,200.
         (b)  A director is entitled to reimbursement for necessary
  and reasonable expenses incurred in carrying out the duties and
  responsibilities of the board.
         (c)  Sections 375.069 and 375.070, Local Government Code, do
  not apply to the board.
         Sec. 4022.0203.  TEMPORARY DIRECTORS.  (a)  On or after the
  effective date of the Act creating this chapter, the owner or owners
  of a majority of the assessed value of the real property in the
  district according to the most recent certified tax appraisal roll
  for the county may submit a petition to the Texas Commission on
  Environmental Quality requesting that the commission appoint as
  temporary directors the five persons named in the petition.  The
  commission shall appoint as temporary directors the five persons
  named in the petition.
         (b)  The temporary or successor temporary directors shall
  hold an election to elect five permanent directors as provided by
  Section 4022.0201.
         (c)  Temporary directors serve until the earlier of:
               (1)  the date permanent directors are elected under
  Subsection (b); or
               (2)  the fourth anniversary of the effective date of
  the Act creating this chapter.
         (d)  If permanent directors have not been elected under
  Subsection (b) and the terms of the temporary directors have
  expired, successor temporary directors shall be appointed or
  reappointed as provided by Subsection (e) to serve terms that
  expire on the earlier of:
               (1)  the date permanent directors are elected under
  Subsection (b); or
               (2)  the fourth anniversary of the date of the
  appointment or reappointment.
         (e)  If Subsection (d) applies, the owner or owners of a
  majority of the assessed value of the real property in the district
  according to the most recent certified tax appraisal roll for the
  county may submit a petition to the Texas Commission on
  Environmental Quality requesting that the commission appoint as
  successor temporary directors the five persons named in the
  petition.  The commission shall appoint as successor temporary
  directors the five persons named in the petition.
  SUBCHAPTER C.  POWERS AND DUTIES
         Sec. 4022.0301.  GENERAL POWERS AND DUTIES.  The district
  has the powers and duties necessary to accomplish the purposes for
  which the district is created.
         Sec. 4022.0302.  IMPROVEMENT PROJECTS AND SERVICES.  (a) The
  district, using any money available to the district for the
  purpose, may provide, design, construct, acquire, improve,
  relocate, operate, maintain, or finance an improvement project or
  service authorized under this chapter or Chapter 375, Local
  Government Code.
         (b)  The district may contract with a governmental or private
  entity to carry out an action under Subsection (a).
         (c)  The implementation of a district project or service is a
  governmental function or service for the purposes of Chapter 791,
  Government Code.
         Sec. 4022.0303.  MEMBERSHIP IN CHARITABLE ORGANIZATIONS.
  The district may join and pay dues to a charitable or nonprofit
  organization that performs a service or provides an activity
  consistent with the furtherance of a district purpose.
         Sec. 4022.0304.  ECONOMIC DEVELOPMENT PROGRAMS.  (a)  The
  district may engage in activities that accomplish the economic
  development purposes of the district.
         (b)  The district may establish and provide for the
  administration of one or more programs to promote state or local
  economic development and to stimulate business and commercial
  activity in the district, including programs to:
               (1)  make loans and grants of public money; and
               (2)  provide district personnel and services.
         (c)  The district may create economic development programs
  and exercise the economic development powers provided to
  municipalities by:
               (1)  Chapter 380, Local Government Code; and
               (2)  Subchapter A, Chapter 1509, Government Code.
         Sec. 4022.0305.  PARKING FACILITIES.  (a)  The district may
  acquire, lease as lessor or lessee, construct, develop, own,
  operate, and maintain parking facilities or a system of parking
  facilities, including lots, garages, parking terminals, or other
  structures or accommodations for parking motor vehicles off the
  streets and related appurtenances.
         (b)  The district's parking facilities serve the public
  purposes of the district and are owned, used, and held for a public
  purpose even if leased or operated by a private entity for a term of
  years.
         (c)  The district's parking facilities are parts of and
  necessary components of a street and are considered to be a street
  or road improvement.
         (d)  The development and operation of the district's parking
  facilities may be considered an economic development program.
         Sec. 4022.0306.  DISBURSEMENTS AND TRANSFERS OF MONEY.  The
  board by resolution shall establish the number of directors'
  signatures and the procedure required for a disbursement or
  transfer of district money.
         Sec. 4022.0307.  ADDING OR EXCLUDING LAND.  Except as
  provided by Section 4022.0308, the district may add or exclude land
  in the manner provided by Subchapter J, Chapter 49, Water Code, or
  by Subchapter H, Chapter 54, Water Code.
         Sec. 4022.0308.  DIVISION OF DISTRICT.  (a)  The district may
  be divided into two or more new districts only if the district:
               (1)  has no outstanding bonded debt; and
               (2)  is not imposing ad valorem taxes.
         (b)  This chapter applies to any new district created by the
  division of the district, and a new district has all the powers and
  duties of the district.
         (c)  Any new district created by the division of the district
  may not, at the time the new district is created, contain any land
  outside the area described by Section 4(b) of the Act enacting this
  chapter.
         (d)  The board, on its own motion or on receipt of a petition
  signed by the owner or owners of a majority of the assessed value of
  the real property in the district, may adopt an order dividing the
  district.
         (e)  An order dividing the district must:
               (1)  name each new district;
               (2)  include the metes and bounds description of the
  territory of each new district;
               (3)  appoint initial directors for each new district;
  and
               (4)  provide for the division of assets and liabilities
  between or among the new districts.
         (f)  On or before the 30th day after the date of adoption of
  an order dividing the district, the district shall file the order
  with the Texas Commission on Environmental Quality and record the
  order in the real property records of each county in which the
  district is located.
         (g)  Any new district created by the division of the district
  must hold an election as required by this chapter to obtain voter
  approval before the district may impose a maintenance tax or issue
  bonds payable wholly or partly from ad valorem taxes.
         (h)  Municipal consent to the creation of the district and to
  the inclusion of land in the district granted under Section
  4022.0506 acts as municipal consent to the creation of any new
  district created by the division of the district and to the
  inclusion of land in the new district.
         Sec. 4022.0309.  EMINENT DOMAIN.  Subject to the limitations
  provided by Section 54.209, Water Code, the district may exercise
  the power of eminent domain in the manner provided by Section
  49.222, Water Code.
  SUBCHAPTER D.  ASSESSMENTS
         Sec. 4022.0401.  PETITION REQUIRED FOR FINANCING SERVICES
  AND IMPROVEMENTS WITH ASSESSMENTS.  (a)  The board may not finance a
  service or improvement project with assessments under this chapter
  unless a written petition requesting that service or improvement
  has been filed with the board.
         (b)  A petition filed under Subsection (a) must be signed by
  the owners of a majority of the assessed value of real property in
  the district subject to assessment according to the most recent
  certified tax appraisal roll for the county.
         Sec. 4022.0402.  ASSESSMENTS; LIENS FOR ASSESSMENTS.  (a)
  The board by resolution may impose and collect an assessment for any
  purpose authorized by this chapter in all or any part of the
  district.
         (b)  An assessment, a reassessment, or an assessment
  resulting from an addition to or correction of the assessment roll
  by the district, penalties and interest on an assessment or
  reassessment, an expense of collection, and reasonable attorney's
  fees incurred by the district:
               (1)  are a first and prior lien against the property
  assessed;
               (2)  are superior to any other lien or claim other than
  a lien or claim for county, school district, or municipal ad valorem
  taxes; and
               (3)  are the personal liability of and a charge against
  the owners of the property even if the owners are not named in the
  assessment proceedings.
         (c)  The lien is effective from the date of the board's
  resolution imposing the assessment until the date the assessment is
  paid.  The board may enforce the lien in the same manner that the
  board may enforce an ad valorem tax lien against real property.
         (d)  The board may make a correction to or deletion from the
  assessment roll that does not increase the amount of assessment of
  any parcel of land without providing notice and holding a hearing in
  the manner required for additional assessments.
  SUBCHAPTER E.  TAXES AND BONDS
         Sec. 4022.0501.  TAX ELECTION REQUIRED.  (a)  The district
  must hold an election in the manner provided by Chapter 49, Water
  Code, or, if applicable, Chapter 375, Local Government Code, to
  obtain voter approval before the district may impose an ad valorem
  tax.
         (b)  Section 375.243, Local Government Code, does not apply
  to the district.
         Sec. 4022.0502.  OPERATION AND MAINTENANCE TAX.  (a)  If
  authorized by a majority of the district voters voting at an
  election under Section 4022.0501, the district may impose an
  operation and maintenance tax on taxable property in the district
  in the manner provided by Section 49.107, Water Code, for any
  district purpose, including to:
               (1)  maintain and operate the district;
               (2)  construct or acquire improvements; or
               (3)  provide a service.
         (b)  The board shall determine the operation and maintenance
  tax rate.  The rate may not exceed the rate approved at the
  election.
         Sec. 4022.0503.  AUTHORITY TO BORROW MONEY AND TO ISSUE
  BONDS AND OTHER OBLIGATIONS.  (a)  The district may borrow money on
  terms determined by the board.
         (b)  The district may issue, by public or private sale,
  bonds, notes, or other obligations payable wholly or partly from ad
  valorem taxes, assessments, impact fees, revenue, contract
  payments, grants, or other district money, or any combination of
  those sources of money, to pay for any authorized district purpose.
         (c)  The limitation on the outstanding principal amount of
  bonds, notes, or other obligations provided by Section 49.4645,
  Water Code, does not apply to the district.
         Sec. 4022.0504.  BONDS SECURED BY REVENUE OR CONTRACT
  PAYMENTS.  The district may issue, without an election, bonds
  secured by:
               (1)  revenue other than ad valorem taxes, including
  contract revenues; or
               (2)  contract payments, provided that the requirements
  of Section 49.108, Water Code, have been met.
         Sec. 4022.0505.  BONDS SECURED BY AD VALOREM TAXES;
  ELECTIONS.  (a)  If authorized at an election under Section
  4022.0501, the district may issue bonds payable from ad valorem
  taxes.
         (b)  At the time the district issues bonds payable wholly or
  partly from ad valorem taxes, the board shall provide for the annual
  imposition of a continuing direct annual ad valorem tax, without
  limit as to rate or amount, for each year that all or part of the
  bonds are outstanding as required and in the manner provided by
  Sections 54.601 and 54.602, Water Code.
         (c)  All or any part of any facilities or improvements that
  may be acquired by a district by the issuance of its bonds may be
  submitted as a single proposition or as several propositions to be
  voted on at the election.
         Sec. 4022.0506.  CONSENT OF MUNICIPALITY REQUIRED.  (a)  The
  board may not issue bonds until each municipality in whose
  corporate limits or extraterritorial jurisdiction the district is
  located has consented by ordinance or resolution to the creation of
  the district and to the inclusion of land in the district as
  required by applicable law.
         (b)  This section applies only to the district's first
  issuance of bonds payable from ad valorem taxes.
  SUBCHAPTER I.  DISSOLUTION
         Sec. 4022.0901.  DISSOLUTION.  (a)  The board shall dissolve
  the district on written petition filed with the board by the owners
  of:
               (1)  at least two-thirds of the assessed value of the
  property subject to assessment by the district based on the most
  recent certified county property tax rolls; or
               (2)  at least two-thirds of the surface area of the
  district, excluding roads, streets, highways, utility
  rights-of-way, other public areas, and other property exempt from
  assessment by the district according to the most recent certified
  county property tax rolls.
         (b)  The board by majority vote may dissolve the district at
  any time.
         (c)  The district may not be dissolved by its board under
  Subsection (a) or (b) if the district:
               (1)  has any outstanding bonded indebtedness until that
  bonded indebtedness has been repaid or defeased in accordance with
  the order or resolution authorizing the issuance of the bonds;
               (2)  has a contractual obligation to pay money until
  that obligation has been fully paid in accordance with the
  contract; or
               (3)  owns, operates, or maintains public works,
  facilities, or improvements unless the district contracts with
  another person for the ownership, operation, or maintenance of the
  public works, facilities, or improvements.
         (d)  Sections 375.261, 375.262, and 375.264, Local
  Government Code, do not apply to the district.
         (b)  The Rivers Market Place Municipal Management District
  initially includes all territory contained in the following area:
         Tract 1:
         FIELD NOTES FOR A 45.555 ACRE TRACT OF LAND OUT OF THE
  ELIZABETH STANDIFER SURVEY, ABSTRACT NO. 59, AND THE JONATHAN
  BURLESON SURVEY, ABSTRACT NO. 18, BOTH OF BASTROP COUNTY, TEXAS;
  BEING A PORTION OF A CALLED 60.00 ACRE TRACT OF LAND AS CONVEYED TO
  SHERRI MARSHALL RIVERS BY SPECIAL WARRANTY DEED RECORDED IN
  DOCUMENT NUMBER 201509108 OF THE OFFICIAL PUBLIC RECORDS OF BASTROP
  COUNTY, TEXAS; SAID 45.555 ACRE TRACT OF LAND BEING MORE
  PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
         BEGINNING at a 1/2-inch iron rod found on the south
  right-of-way line of U.S. Highway 290 (240 feet wide) as shown on
  the State of Texas State Department of Highways and Public
  Transportation map Control No. 114-4-37, at the northeast corner of
  the above described Rivers 60.00 acre tract and at the northwest
  corner of Lot 2, Block A of Elgin Business Park II, a subdivision as
  recorded in Cabinet 6, Page 116A of the Plat Records of Bastrop
  County, Texas, for the northeast corner and POINT OF BEGINNING of
  the herein described tract;
         THENCE, with the east line of said Rivers 60.00 acre tract and
  the west line of said Elgin Business Park II, S 24°45'58" W, pass a
  1/2-inch iron rod with cap stamped "Sherwood Survey" found at the
  north corner of the westerly terminus of Lee Dildy Boulevard (80
  feet wide) as dedicated by said plat of Elgin Business Park II, and
  at the southeast corner of said Lot 2, Block A at a distance of
  805.54 feet, pass a 1/2-inch iron rod with cap stamped "Sherwood
  Survey" found at the south corner of the westerly terminus of said
  Lee Dildy Boulevard and at the northwest corner of Lot 3, Block B of
  said Elgin Business Park II at a distance of 885.64, and continuing
  on for a total distance of 1,320.02 feet to a 1/2-inch iron rod with
  cap stamped "BGE INC" set for the most easterly southeast corner of
  the herein described tract, from which a 1/2-inch iron rod found at
  the southwest corner of said Lot 3, Block B and at the northwest
  corner of Lot 4, Block B of said Elgin Business Park II, bears S
  24°45'58" W a distance of 327.48 feet;
         THENCE, over and across said Rivers 60.00 acre tract, N
  64°28'08" W a distance of 538.84 feet to a 1/2-inch iron rod with cap
  stamped "BGE INC" set for an interior corner of the herein described
  tract;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, along a curve to the right, an arc distance of 139.62 feet,
  having a radius of 850.00 feet, a central angle of 09°24'41" and a
  chord which bears S 48°57'12" W a distance of 139.46 feet to a
  1/2-inch iron rod with cap stamped BGE INC" set for corner;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, S 53°39'32" W a distance of 406.56 feet to a 1/2-inch iron rod
  with cap stamped "BGE INC" set for a point of curvature of a curve to
  the left;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, along said curve to the left, an arc distance of 346.94 feet,
  having a radius of 750.00 feet, a central angle of 26°30'15" and a
  chord which bears S 40°24'24" W a distance of 343.85 feet to a
  1/2-inch iron rod with cap stamped "BGE INC" set for corner;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, S 27°09'16" W a distance of 14.82 feet to a calculated point
  on the south line of said Rivers 60.00 acre tract and the north line
  of Elgin Business Park III Phase II, a subdivision as recorded in
  Cabinet 7, Page 150A of the Plat Records of Bastrop County, Texas,
  for the most southerly corner of the herein described tract, from
  which a 1/2-inch iron rod with cap stamped "Sherwood Survey" found,
  bears S 25°58'12" W a distance of 0.47 feet;
         THENCE, with the south line of said Rivers 60.00 acre tract
  and partially with the north line of said Elgin Business Park III
  Phase III, N 62°52'11" W, pass a 5/8-inch iron rod found at a
  distance of 298.03 feet, pass a 1/2-inch iron rod found at the
  northwest corner of said Elgin Business Park III Phase III and at
  the northeast corner of a called 206.8 acre tract of land as
  conveyed to PRN Properties, LP by General Warranty Deed recorded in
  Document Number 2012016371 of the Official Public Records of Travis
  County, Texas, at a distance of 468.24 feet and continuing on with
  the north line of said PRN 206.8 acre tract for a total distance of
  603.62 feet to a punch mark in concrete found on the north line of
  said PRN 206.8 acre tract, at the southwest corner of said Rivers
  60.00 acre tract and at the southeast corner of a called 109.36 acre
  tract of land as conveyed to Elsie E. Neidig Family Partnership by
  Warranty Deed recorded in Volume 530, Page 558 of the Official
  Records of Bastrop County, Texas, for the southwest corner of the
  herein described tract;
         THENCE, with the west line of said Rivers 60.00 acre tract and
  the east line of said Neidig 109.36 acre tract, N 27°31'55" E a
  distance of 1,431.71 feet to a 1/2-inch iron rod with cap stamped
  "BGE INC" set on the south right-of-way line of said U.S. Highway
  290, at the northwest corner of said Rivers 60.00 acre tract and at
  the northeast corner of said Neidig 109.36 acre tract, for the
  northwest corner of the herein described tract, from which a TXD0T
  Type I concrete right-of-way monument found bears S 88°56'39" W a
  distance of 1,120.37 feet, also from which a 1/2-inch iron rod found
  bears N 55°22'15" E a distance of 2.72 feet;
         THENCE, with the south right-of-way line of said U.S. Highway
  290 and the north line of said Rivers 60.00 acre tract, N 88°56'39"
  E, pass a TXDOT Type I concrete right-of-way monument found at a
  distance of 1,378.47 feet, and continuing on for a total distance of
  1,577.19 feet to the POINT OF BEGINNING and containing 45.555 acres
  of land, more or less.
         Tract 2:
         FIELD NOTES FOR A 14.432 ACRE TRACT OF LAND OUT OF THE
  ELIZABETH STANDIFER SURVEY, ABSTRACT NO. 59, BASTROP COUNTY, TEXAS;
  BEING A PORTION OF A CALLED 60.00 ACRE TRACT OF LAND AS CONVEYED TO
  SHERRI MARSHALL RIVERS BY SPECIAL WARRANTY DEED RECORDED IN
  DOCUMENT NUMBER 201509108 OF THE OFFICIAL PUBLIC RECORDS OF BASTROP
  COUNTY, TEXAS; SAID 14.432 ACRE TRACT OF LAND BEING MORE
  PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS:
         BEGINNING at a 1/2-inch iron rod found on the north line of
  Lot 1, Block A of Elgin Business Park III, a subdivision as recorded
  in Cabinet 6, Page 116B of the Plat Records of Bastrop County,
  Texas, at the southeast corner of the above described Rivers 60.00
  acre tract and at the southwest corner of Lot 4, Block B of Elgin
  Business Park, a subdivision as recorded in Cabinet 6, Page 116A of
  the Plat Records of Bastrop County, Texas, for the southeast corner
  and POINT OF BEGINNING of the herein described tract;
         THENCE, with the south line of said Rivers 60.00 acre tract
  and partially with the north line of said Lot 1, Block A of Elgin
  Business Park III and partially with the north line of Elgin
  Business Park III Phase III, a subdivision as recorded in Cabinet 7,
  Page 150A of the Plat Records of Bastrop County, Texas, N 62°52'11" W
  a distance of 886.44 feet to a calculated paint for the southwest
  corner of the herein described tract, from which a punch mark found
  in concrete at the southwest corner of said Rivers 60-00 acre tract,
  bears N 62°52'11" W a distance of 603.62 feet and also from which a
  1/2-inch iron rod with cap stamped "Sherwood Survey" found bears S
  25°58'12" W a distance of 0.47 feet;
         THENCE, over and across said Rivers 60.00 acre tract, N
  27°09'16'' E a distance of 14.82 feet to a 1/2-inch iron rod with cap
  stamped "BGE INC" set for a point of curvature of a curve to the
  right;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, along said curve to the right, an arc. distance of 346.94
  feet, having a radius of 750.00 feet, a central angle of 26°30'15"
  and a chord which bears N 40°24'24" E a distance of 343.85 feet to a
  1/2-inch iron rod with cap stamped "BGE INC" set for corner;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, N 53°39'32" E a distance of 406.56 feet to a 1/2-inch iron rod
  with cap stamped "BGE INC" set for a point of curvature of a curve to
  the right;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, along said curve to the left, an arc distance of 139.62 feet,
  having a radius of 850.00 feet, a Central angle of 09°24'41" and a
  chord which bears N 48°57'12" E a distance of 139.46 feet to a
  1/2-inch iron rod with cap stamped "BGE INC" set for the northwest
  corner of the herein described tract;
         THENCE, continuing over and across said Rivers 60.00 acre
  tract, S 54°26'03" E a distance of 538.64 feet to a 1/2-inch iron rod
  with cap stamped "BGE INC" set on the east line of said Rivers 60.00
  acre tract and the west line of Lot 3, Block B of said Elgin Business
  Park II for the northeast corner of the herein described tract, from
  which a 1/2-inch iron rod with cap stamped "Sherwood Survey" found
  at the south corner of the westerly terminus of Lee Dildy Boulevard
  (60 feet wide) as dedicated by said plat of Elgin Business Park II
  and at the northwest corner of Lot 3, Block B of said Elgin Business
  Park II, bears N 24°45'53" E a distance of 434.38 feet;
         THENCE, with the east line of said Rivers 60.00 acre tract and
  the west line of said Elgin Business Park II, S 24°45'58" W, pass a
  1/2-inch iron rod found at the southwest corner of said Lot 3, Block
  B and northwest corner of said Lot 4, Block B, both of said Elgin
  Business Park at a distance of 327.46 feet, and continuing on for a
  total distance of 858.47 feet to the POINT OF BEGINNING and
  containing 14.432 acres of lord, more or less.
         (c)  Section 4022.0309, Special District Local Laws Code, as
  added by Section 4(a) of this Act, takes effect only if this Act
  receives a two-thirds vote of all the members elected to each house.
         (d)  If this Act does not receive a two-thirds vote of all the
  members elected to each house, Subchapter C, Chapter 4022, Special
  District Local Laws Code, as added by Section 4(a) of this Act, is
  amended by adding Section 4022.0309 to read as follows:
         Sec. 4022.0309.  NO EMINENT DOMAIN POWER.  The district may
  not exercise the power of eminent domain.
         SECTION 5.  (a)  The legal notice of the intention to
  introduce this Act, setting forth the general substance of this
  Act, has been published as provided by law, and the notice and a
  copy of this Act have been furnished to all persons, agencies,
  officials, or entities to which they are required to be furnished
  under Section 59, Article XVI, Texas Constitution, and Chapter 313,
  Government Code.
         (b)  The governor, one of the required recipients, has
  submitted the notice and Act to the Texas Commission on
  Environmental Quality.
         (c)  The Texas Commission on Environmental Quality has filed
  its recommendations relating to this Act with the governor,
  lieutenant governor, and speaker of the house of representatives
  within the required time.
         (d)  All requirements of the constitution and laws of this
  state and the rules and procedures of the legislature with respect
  to the notice, introduction, and passage of this Act have been
  fulfilled and accomplished.
         SECTION 6.  (a)  Section 4013.0311, Special District Local
  Laws Code, as added by Section 1 of this Act, takes effect only if
  this Act receives a two-thirds vote of all the members elected to
  each house.
         (b)  If this Act does not receive a two-thirds vote of all the
  members elected to each house, Subchapter C, Chapter 4013, Special
  District Local Laws Code, as added by Section 1 of this Act, is
  amended by adding Section 4013.0311 to read as follows:
         Sec. 4013.0311.  NO EMINENT DOMAIN POWER.  The district may
  not exercise the power of eminent domain.
         SECTION 7.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2025.
  ______________________________
  ______________________________
     President of the Senate
  Speaker of the House     
         I hereby certify that S.B. No. 3047 passed the Senate on
  May 13, 2025, by the following vote:  Yeas 27, Nays 4; and that the
  Senate concurred in House amendments on May 30, 2025, by the
  following vote:  Yeas 27, Nays 4.
  ______________________________
  Secretary of the Senate    
         I hereby certify that S.B. No. 3047 passed the House, with
  amendments, on May 28, 2025, by the following vote:  Yeas 80,
  Nays 57, three present not voting.
  ______________________________
  Chief Clerk of the House   
  Approved:
  ______________________________ 
              Date
  ______________________________ 
            Governor