Establishes La Cima Municipal Management District No. 1 in Texas.

La Cima Municipal Management District No. 1 is created in Texas to serve public purposes including economic development, employment, and transportation. The district is governed by a board of five elected directors. It has powers to issue bonds, impose taxes, and create economic development programs. The district can also acquire, develop, and maintain parking facilities and pedestrian ways. The creation of the district is deemed essential for public benefit and to supplement city services. The district can exercise eminent domain and impose assessments as a first lien on assessed properties.

Establishes La Cima Municipal Management District No. 1 in Texas.

La Cima Municipal Management District No. 1 is created in Texas to serve public purposes including economic development, employment, and transportation. The district is governed by a board of five elected directors. It has powers to issue bonds, impose taxes, and create economic development programs. The district can also acquire, develop, and maintain parking facilities and pedestrian ways. The creation of the district is deemed essential for public benefit and to supplement city services. The district can exercise eminent domain and impose assessments as a first lien on assessed properties.