Relating to the creation of the Sayers Ranch Municipal Utility District; granting a limited power of eminent domain; providing authority to issue bonds; providing authority to impose assessments, fees, and taxes.

Contracts

• Land Acquisition: Standard condemnation clauses in acquisition contracts are void for this District. All right-of-way and easement acquisitions must be structured as voluntary, negotiated purchases or dedications.
• Reimbursement Agreements: Developers must execute Reimbursement Agreements with the District to secure repayment for infrastructure outlays. These contracts must be contingent upon future bond sales and TCEQ approval.
• Interlocal Agreements: If the District requires external water/wastewater treatment, wholesale service agreements with regional providers or municipalities must be finalized prior to the confirmation election.

Hiring/Training

• Board Governance: The five temporary directors named in the statute must be sworn in and post bonds immediately after the effective date.
• Professional Services: The Board must retain Bond Counsel, a Financial Advisor, and a District Engineer to prepare the confirmation election order and initial bond application.

Reporting & Record-Keeping

• Real Estate Disclosures: Sellers of property within the District boundaries must update sales contracts to include the statutory "Notice to Purchaser" (Texas Water Code § 49.452) detailing tax rates and bond authority. Failure to provide this creates a voidable contract.
• TCEQ Filings: The District must file confirmation election results and annual audit reports with the TCEQ.

Fees & Costs

• Ad Valorem Taxes: The Board is authorized to levy operation and maintenance (O&M) taxes and unlimited tax bonds, subject to voter approval.
• Impact Fees: The Board may impose impact fees and assessments to cover regulatory and administrative costs.