Bayou Pierre Part North Gravity Drainage District Proposition
(Parcel Fee Continuation)
Shall Bayou Pierre Part North Gravity Drainage District of the Parish of Assumption, Louisiana (the "District"), continue to levy and collect an annual parcel fee of $50 on each lot, sub-divided portion of ground and/or individual tract located in the District for a period of 10 years, beginning with the year 2025 and ending with the year 2034 (an estimated $700 reasonably expected at this time to be collected from the levy of the fee for an entire year), in the manner set out in Section 2740.16 of Title 33 of the Louisiana Revised Statutes of 1950, for the purpose of paying the cost of constructing and maintaining levees, levee drainage, flood protection, hurricane flood protection, and all purposes incidental thereto, including paying compensation for the exercise of permanent or temporary servitudes, and to pay, in whole or in part, debt obligations of the District issued for such purposes, and shall the proceeds of the parcel fee be subject to funding into bonds for any of the purposes set forth above including any necessary reserve therefor and paying the costs of issuing such bonds?