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House Bill 4815 |
House Author: Gattis |
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Effective: 6-19-09 |
Senate Sponsor: Ogden |
House Bill 4815 amends the law relating to the Ranch at Cypress Creek Municipal Utility District No. 1 to provide for the inclusion of supplemental property in the Ranch at Cypress Creek Homeowners' Association on the dissolution of the district. The bill requires an election to be held, before the district is dissolved, at which all members of the association and all property owners of the supplemental property vote on the question of whether the property is to be included in the association and provides that the supplemental property is included in the association if it is approved by a two-thirds majority. The bill requires the board of directors of the district to pay the costs and expenses of the election or set of elections and prohibits the association from holding the election or set of elections more than once. The bill sets forth provisions, subject to the inclusion of the supplemental property in the association, relating to the replacement of restrictive covenants and real property restrictions governing the property and the appointment of two additional members to the association board to represent the owners of the property.