No. CS/HB 4061
Filed under Local Government.
Hillsborough County; Creates Land Reserve Stewardship District; establishes compliance with minimum requirements for creation of independent special district; establishes legal boundaries of district; provides for jurisdiction & charter & governing board; provides method for transition of board from landowner control to control by resident electors of district; provides for district manager, district employees, district treasurer, selection of public depository, & district budgets & financial reports; provides general powers of district; provides special powers of district to plan, finance, & provide community infrastructure & services within district; provides for bonds, borrowing, trust agreements, future ad valorem taxation, special assessments, issuance of certificates of indebtedness & tax liens; provides requirements for termination, contraction, or expansion of district; authorizes mergers; provides for required notices to purchasers of residential units within district; provides for referendum.
Plain English Summary
AI-GENERATEDThe bill creates a new independent special district covering 3,707 acres in Hillsborough County. It grants the district authority to build roads, utilities, and public facilities. The district can finance these projects through bonds, assessments, and future taxes.
Property owners within the district will face new financial obligations. The district can levy special assessments and maintenance taxes on their property. These charges are set annually by the district's governing board and are in addition to existing county taxes.
The district's board starts with five members elected by landowners based on acreage. As the population grows, board seats transition to residents. The district cannot levy ad valorem taxes until all board members are elected by residents.
The district must disclose its financing plans to homebuyers. Every contract for the initial sale of a residential unit must include a bold statement warning buyers about potential taxes and assessments. This ensures new owners are informed before purchasing.
AIEstablishes a new local government entity with authority to build and finance roads, water, sewer, and other public infrastructure across 3,707 acres in Hillsborough County.
AIAllows the district to impose property taxes and special assessments on all land within its boundaries to fund construction and maintenance of public systems.
AICompels all property owners and businesses within the district to use the district's water, sewer, and other public systems, even if alternative providers exist.
AIShifts governance from landowner-controlled to resident-elected as the district population grows, with full transition occurring at 40,000 qualified electors.
AIMandates that all contracts for the initial sale of residential units within the district include a conspicuous notice that the district may impose additional taxes and assessments.