Authority and Procedure for Annexation Sample Clauses

Authority and Procedure for Annexation. After December 31, 2027, the City may annex the Property for full purposes in accordance with the terms of this Agreement. The City agrees that it will not annex any portion of the Property on or before December 31, 2027. If the City annexes the Property, the City must annex all of the Property within the District. At least 120 days prior to the date the City intends to annex the District, the City shall provide the District and the Developer with a written notice of intent to annex the District and the date planned for annexation, which shall be after December 31, 2027 and shall constitute the Full Purpose Annexation Conversion Date. The Full Purpose Annexation Conversion Date may only be altered by mutual written agreement of the City and District. However, nothing herein shall prevent the City from terminating this Agreement and instituting proceedings to annex the District, on request by the Board of the District, on any date prior to the Full Purpose Annexation Conversion Date in accordance with the procedures prescribed by Subchapter C-1, Chapter 43, Texas Local Government Code, provided such annexation fully complies with the terms of the Development Agreement. All land within the District shall be automatically deemed to be within the full-purpose boundary limits of the City annexed by the City for full purposes effective on the Full-Purpose Annexation Conversion Date, without further procedural action of any kind by either Party, in accordance with Sections 43.0751(f)(5) and 43.0751(h) of the Act. The Annexation Service Plan attached as Exhibit B is approved as the service plan for this area and shall be effective for a period of ten years from the Full Purpose Annexation Conversion Date.
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