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"Single-Family Residential Unit" means a building consisting of one or more <br /> rooms arranged, designed, used, or intended to be used as living quarters for one family <br /> only. <br /> "Statutory Discount Amount" means the amount computed for each Tax Parcel <br /> pursuant to Section 13(C) hereof. <br /> "Tax Parcel" means a parcel of property to which the Property Appraiser has <br /> assigned a distinct ad valorem property tax identification number. <br /> "Waters Edge Phase II Subdivision Culvert Replacement Project Municipal <br /> Service Benefit Unit" or "MSBU" means the Assessment Area as defined in the <br /> Ordinance, as described in Section 4 hereof. <br /> SECTION 3. LEGISLATIVE DETERMINATIONS. It is hereby ascertained, <br /> determined and declared that the provision of the Culvert Replacement Project to be <br /> funded by the Project Cost provides a special benefit to the Assessed Property based upon <br /> the following legislative determinations: <br /> (A) Upon the adoption of this Initial Assessment Resolution determining the <br /> Capital Cost and Project Cost for the Culvert Replacement Project and identifying the <br /> Assessed Property to be included in the Assessment Roll, the legislative determinations <br /> in Section 206.03 of the Ordinance are hereby ratified and confirmed. <br /> (B) The Board has enacted the Ordinance to provide for the creation of <br /> Assessment Areas, including municipal service benefit units, and authorize the imposition <br /> of Assessments to fund the construction of Local Improvements to serve the property <br /> located therein. <br /> 5 <br />