ADDENDUM CONTAINING NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT

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ADDENDUM CONTAINING NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT

This form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgated contract forms. Such approval relates to this form only. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not suitable for complex transactions.Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (512) 936-3000 (http://www.trec.texas.gov) TREC No. 53-0.
Street Address: *

Addendum containing notice of obligation to pay improvement district assessment to * , (insert name of municipality or county levying assessment)
Texas concerning the following property * (insert property address). As the purchaser of the real property described above, you are obligated to pay assessments to * (insert name of municipality or county, as applicable)
Texas, for the costs of a portion of a public improvement or services project (the “Authorized Improvements”) undertaken for the benefit of the property within * (insert name of public improvement district) (the “District”) created under * (insert Subchapter A, Chapter 372, Local Government Code, or Chapter 382, Local Government Code, as applicable)
The exact amount of the assessment may be obtained from * (insert name of municipality or county, as applicable). The exact amount of each annual installment will be approved each year by * (insert name of city council or county commissioners court, as applicable)
in the annual service plan update for the district. More information about the assessments, including the amounts and due dates, may be obtained from or county, as applicable * (insert name of municipality or county as applicable).