Relating to the creation of the Alluvium Ranch Municipal Management District No. 1; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes; granting a limited power of eminent domain.

Contracts

• Purchase & Sale Agreements (PSAs): You must insert statutory notices pursuant to Texas Water Code § 49.452 for any property sold within the District. Failure to include this notice allows the buyer to terminate the contract at closing or sue for damages post-closing.
• Commercial Leases: Amend "Operating Expenses" or "CAM" definitions in new leases to explicitly include "District assessments and taxes" as pass-through costs to tenants.
• Loan Documents: Lenders must update underwriting criteria; District assessments create a first-priority lien superior to private mortgage liens.

Hiring/Training

• Sales & Closing Teams: Train staff to identify properties within the "Alluvium Ranch" metes and bounds to ensure proper disclosures are generated.
• Accounts Payable: Update vendor systems to recognize "Alluvium Ranch MMD No. 1" as a valid taxing authority to prevent accidental delinquency penalties.

Reporting & Record-Keeping

• Petitions: If you are a developer seeking District financing for infrastructure, you must draft and retain certified copies of petitions signed by owners of a majority of the assessed value.
• Lien Releases: Implement a strict protocol to obtain and record formal lien releases from the District immediately upon satisfying any assessment obligations.

Fees & Costs

• Ad Valorem Taxes: The District will levy an Operation and Maintenance tax (rate determined by the Board and voter approval).
• Assessments: The Board may impose assessments for specific projects. These amounts are uncapped by the statute and depend on the "benefit" received by the property.
• Penalties: Non-payment results in penalties, interest, attorney's fees, and potential foreclosure.