For the purpose of creating, establishing, maintaining and operating a lighting system
within the area described herein, there is hereby created a municipal service taxing
unit to be known as the "Waterfall Place Municipal Service Taxing Unit," which shall
be all the property located in Hernando County, Florida, within the boundaries described
in Exhibit "A," attached hereto and made a part hereof by reference. All federal,
state, county, municipality and special district real property located within this
MSBU will be exempt from non-ad valorem assessments imposed by the MSBU.
