(a) The initial directors may not hold an election under § 3924.004 until the city has consented by ordinance or resolution to the creation of the district and to the inclusion of land in the district.
(b) If the city does not consent to the creation of the district and to the inclusion of land in the district before September 1, 2014:
(1) the district is dissolved September 1, 2014, except that:
(A) any debts incurred shall be paid;
(B) any assets that remain after the payment of debts shall be transferred to the city or another local governmental entity to be used for a public purpose; and
(C) the organization of the district shall be maintained until all debts are paid and remaining assets are transferred; and
(2) this chapter, including Section 3924.055, expires September 1, 2014.

(c) In addition to the requirements prescribed by Subsection (a), the ordinance or resolution described by Subsection (a):
(1) must specify the qualifications for persons to be eligible to serve as permanent directors; and
(2) may limit the number of terms a director may serve.