A payment agreement is in place to prevent annexation. The Woodlands Township will pay $50 million to the city of Houston over three years. This amount is intended to forestall the prospect of annexation.
The agreement is valued at $50 million, to be paid over the course of three years. Further details about the agreement are available from the source. The city of Houston is expected to confirm it has no intention to annex under the terms of this agreement.
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