1430-21 Abbott Square CDD-Unknown Recorded Document-20220110-Document 1-001

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OR BK 10521 PG 236 Page 2 of 10 shall operate in accordance with those requirements as set forth in Florida Statutes, Chapters 189 and 190, the Uniform Community Development District Act of 1980, as amended. b. The establishment of the District shall not affect any requirements for governmental approval of any construction within the District. The Planned Unit Development zoning conditions of approval for "The District at Abbott Square" ("PUD Conditions of Approval"), if any, and as may be amended, pertaining to land within the District shall remain in effect. All other State and local development regulations shall apply. Planning, environmental, and land development regulations shall apply to all development and construction within the District regardless of who undertakes such activity. Further, the District shall not have the authority to adopt a comprehensive plan, building code, or land development code. C. The District shall have no eminent domain powers outside its boundaries without first obtaining the expressed written approval of the City Council of the City of Zephyrhills by resolution. d. The District shall have no authority to fund or construct improvements outside its boundaries except for improvements required to satisfy obligation(s) set forth in the PUD Conditions of Approval, if any, and as applicable. Any such required improvements shall be authorized without the requirement to first enter into an Interlocal Agreement with the City Council of the City of Zephyrhills authorizing such expenditures. e. The District shall comply with all applicable provisions of Chapter 189, Florida Statutes, including, but not limited to, the requirement that a "Public Facilities Report" be made and submitted to the City and Pasco County (the "County") in accordance with Section 189.08, Florida Statutes. SECTION 4. POWERS AND DUTIES OF THE DISTRICT The exclusive charter for the District shall be the uniform community development district charter as set forth in Florida Statutes 190 which includes, but is not limited to, the following: a. The District shall provide financial reports to the Department of Financial Services in the same form and in the same manner as all other political subdivisions, including the City. b. The District shall fully disclose information concerning the financing and maintenance of real property improvements undertaken by the District. Such information shall be made available to all existing and prospective residents of the Abbott Square Community Development District and the City. C. All contracts for the initial sale of real property and residential units within the District shall disclose to the buyer the existence of the District and the District's authority to levy taxes and assessments. Both the text and the placement of the text in the contract of sale must appear as mandated by law. d. The District shall have the authority to pledge only the District's funds, revenues, taxes, and assessments to pay the District's indebtedness. e. All bonds issued by the District shall be secured by a trust agreement between the District and a corporate trustee or trustees. f. In the event of a default on District Bonds, the obligations of the District shall not constitute a debt or obligation of the City, County, any other municipality, or the State. g. The District shall be subject to the Florida Constitution provision requiring approval of ad valorem taxes by referendum; the millage rate for such taxes shall be limited by statute. In addition to the millage cap, the aggregate principal amount of general obligation bonds outstanding at any one (1) time shall not exceed thirty-five (35) percent of the assessed value of the property within the District. Should the residents of the District impose ad valorem taxes upon -2- #9995760 vl