Sec. 3918.004. CITY CONSENT AND DEVELOPMENT AGREEMENT EXECUTION REQUIRED. (a) The initial directors may not hold an election under Section 3918.003 until the city has:
(1) consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district; and
(2) entered into a development agreement with the owners of the real property in the district under Section 212.172, Local Government Code.
(b) The district is dissolved and this chapter expires September 1, 2017, if:
(1) the city has not consented to the creation of the district and to the inclusion of land in the district under Subsection (a)(1) before that date; or
(2) the development agreement described by Subsection (a)(2) is not entered into before that date.
Added by Acts 2013, 83rd Leg., R.S., Ch. 1308 (H.B. 3914), Sec. 1, eff. September 1, 2013.
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