Relating to the creation of the Rivers Market Place Municipal Management District; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes; granting a limited power of eminent domain.

89(R) HB 5678 - Engrossed version - Bill Text

89R20787 MCF-F

By: Gerdes

H.B. No. 5678

A BILL TO BE ENTITLED

AN ACT

relating to the creation of the Rivers Market Place Municipal

Management District; 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 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 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.

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.

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.

4022.0304.

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.

4022.0305.

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.

4022.0306.

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.

4022.0307.

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.

4022.0308.

ADDING OR EXCLUDING LAND. Except as

provided by Section 4022.0309, 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.

4022.0309.

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

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.

4022.0310.

EMINENT DOMAIN. 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 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 improvements financed by an

obligation issued under this section will be conveyed to or

operated and maintained by a municipality or other retail utility

provider pursuant to an agreement with the district entered into

before the issuance of the obligation.

(d)

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.

SECTION 2. 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.

SECTION 3. (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 4. (a) Section 4022.0310, 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 4022, Special

District Local Laws Code, as added by Section 1 of this Act, is

amended by adding Section 4022.0310 to read as follows:

Sec.

4022.0310.

NO EMINENT DOMAIN POWER. The district may

not exercise the power of eminent domain.

SECTION 5. 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.