Loading...
HomeMy WebLinkAboutContract 32896 CITY SECRETARY CONTRACT NO. AGREEMENT CONCERNING CREATION AND OPERATION OF CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY STATE OF TEXAS § COUNTY OF DENTON § This Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County (this "Agreement') is entered into by the City of Fort Worth, Texas a home-rule municipal corporation situated in Tarrant, Denton, and Wise Counties, Texas, (the "C "), acting by and through its duly authorized Assistant City Manager; Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships (individually and collectively, "Owner"); and City of Fort Worth Municipal Utility District No. 1 of Denton County, a municipal utility district created pursuant to Article XVI, Section 59, of the Texas Constitution, Chapters 49 and 54 of the Texas Water Code, and the applicable Special District Local Law (the "District"), which District, after the District Confirmation Date, will become a party to this Agreement. ARTICLE I RECITALS A. Owner has represented to the City that Owner is the owner of approximately 431.303 acres in Denton County, Texas, as shown on Exhibit A and described on Exhibit B attached to this Agreement (the "Development"). The Development lies entirely within the City's extraterritorial jurisdiction ("ETT'). Owner intends the Development to be the first phase of the master-planned community known as "Tradition"depicted for informational purposes only on the attached Exhibit A. B. The Texas legislature approved the creation of the District containing the Development by Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special District Local Laws Code, Chapter 8129, effective September 1, 2005 (the "District Legislation"); provided, however, the District Legislation provides that the election to confirm creation of the District may not be held unless the City adopts a resolution after September 1, 2005 consenting to the creation of the District. C. Owner has submitted a petition to the City to obtain the City's consent to the creation of the District (the "Consent Petition") in accordance with the District Legislation. Agreement Concerting Creation and Operation Page 1 D. Owner has submitted a petition to the City requesting that certain commercial portions of the Development be annexed into the corporate limits of the City for the limited purpose of allowing the City to impose a sales and use tax. E. The purposes of this Agreement are to set out the mutually agreeable terms and conditions relating to the creation and operation of the District, which are the provisions under which the City has adopted its resolution consenting to the creation of the District in accordance with the District Legislation and consistent with Section 42.042 of the Local Government Code and Section 54.016 of the Water Code. It is an essential element of the granting of the City's consent to the creation of the District that, after the District Confirmation Date, the District will approve and execute this Agreement and become a Parry to it. F. On December 13, 2005, pursuant to the Consent Petition, the City Council of the City adopted Resolution No. 3299-12-2005 consenting to the creation of the District (the "Consent Resolution"), which Consent Resolution approved, and is subject to,the terms and conditions of this Agreement. G. The Development is subject to that certain Agreement Regarding Water and Sewer Utility Service (City Secretary Contract No. 30790) between Aqua Utilities, Inc., Owner, and the City executed October 26, 2004 ("Original Utility Service Agreement"), which agreement will be amended, restated, and replaced in its entirety by that certain Superseding Agreement Regarding Water and Wastewater Utility Service among Aqua Utilities, Inc., Owner, the District, and the City, a copy of which is attached as Exhibit C to this Agreement(the " Superseding Utilily Agreement'). H. Pursuant to the Superseding Utility Agreement, Aqua Utilities, Inc., Owner, the City, and the District will execute that certain Buy-Out Option Contract, a copy of which is attached to the Superseding Utility Agreement as Exhibit G (the `Buy- Out Contract"). I. Pursuant to Article X of this Agreement, the Parties acknowledge that the name of the District will be changed to "Tradition Municipal Utility District No. 1 of Denton County." NOW THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth,the Parties contract and agree as follows: ARTICLE II DEFINITIONS "Agreement" means this Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County. �P e 2 Agreement ConcerningCreation and Operation "Attorney General"means the Attorney General of the State of Texas. "Board"means the Board of Directors of the District. "Bond" means (a) any instrument, including a bond, note, certificate of participation, or other instrument evidencing a proportionate interest in payments, due to be paid by the District, or (b) any other type of obligation that (1) is issued or incurred by the District under the District's borrowing power, without regard to whether it is subject to annual appropriation, and (2) is represented by an instrument issued in bearer or registered form or is not represented by an instrument but the transfer of which is registered on books maintained for that purpose by or on behalf of the District. The term shall include obligations issued to refund outstanding Bonds, but shall not include reimbursement agreements entered into between the District and a developer of the Development or bond anticipation notes. "Bond Limit Amount" means the maximum amount of Bonds, excluding refunding Bonds,that may be issued by the District pursuant to Section 5.04 of this Agreement. "Building Codes" means those portions of the following City codes that impose engineering or other technical standards on the design and construction of Infrastructure and that are in effect on the Effective Date, including any amendments thereto that are in effect on the Effective Date, except as modified by Section 6.12: (i) 2003 International Building Code, Ordinance Nos. 15948 and 16162 Sections 7-46 through 7-49 of the City Code; (ii) 2003 International Residential Code, Ordinance No. 15949, Sections 7- 61 through 7-64 of the City Code; (iii) 2002 National Electrical Code, Ordinance Nos. 15994, 16028 and 16165; Sections 11-1 through 11-4 of the City Code; (iv) 2003 International Plumbing Code and 2003 International Fuel Gas Code, Ordinance Nos. 15951 and 16164, Sections 26-1 through 26-4 of the City Code; (v) 2003 International Mechanical Code, Ordinance Nos. 15950 and 16163, Sections 7-166 through 7-169 of the City Code; and (vi) The following chapters/sections of the 2003 International Fire Code, (Ordinance Nos. 16027 and 16252, Sections 13-1 and 13-2 of the City Code, and excluding all other chapters and sections: (a) Chapter 1 (Administration), excluding Sections 104.10 (Fire Investigations), 104.10.1 (Assistance from Other Agencies), and Agreement Concerning Creation and Operation ' �v�l`,� �R(QaND Page 3 V�0f ���H6�Cy�',!l Y 104.11 (Authority at Fires and Other Emergencies), Section 105.1.2, Item #1 (Operational Permits), and all sections related to Item #1, and Section 105.6 (Required Operational Permits); (b) Chapter 2 (Definitions); (c) Chapter 5 (Fire Service Features), excluding Section 506 (Key Boxes) and Section 509 (Fire Command Center); (d) Chapter 6 (Building Services and Systems); (e) Chapter 7 (Fire Resistance Rated Construction); (f) Chapter 8 (Interior Finish, Decorative Materials and Furnishings), Section 806 only; (g) Chapter 9 (Fire Protection System); (h) Chapter 22 (Service Stations and Repair Garages), excluding Section 2205 (Operational Requirements); (i) Chapter 23 (High-Piled Combustible Storage), excluding Section 2305 (Housekeeping and Maintenance); (j) Chapter 45 (Referenced Standards); and (k) Appendix I (Installation of Fire Service Features, Fire Protection Systems and Tanks) (vi) 2003 International Energy Conservation Code (Ordinance No. 15952), Sections 7-41 through 7-44 of the City Code (vii) The following sections of the Environmental Protection and Compliance Code (Ordinance No. 12274): (a) Article I, Divisions 1-3 (Administration and Enforcement), Sections 12.5-100 through 12.5-123 of the City Code; (b) Article II (Air Quality), Sections 12.5-200 through 12.5-211 of the City Code; and (c) Article III (Stormwater Protection), Sections 12.5-300 through 12.5-321 of the City Code. "Buy-Out Contract" means that certain Buy-Out Option Contract to be executed by the District, Owner, the City and Aqua Utilities, Inc., and wherein the District and Aqua Agreement Concerning Creation and Operation 1 1_ .o^l pI age 4 Orf SVC I H !1 "Buy-Out Contract" means that certain Buy-Out Option Contract to be executed by the District, Owner, the City and Aqua Utilities, Inc., and wherein the District and Aqua Utilities, Inc. agree to convey to the City certain retail water and wastewater facilities, a copy of which is attached to the Superseding Agreement as Exhibit G. "CCN" means a certificate of convenience and necessity or similar permit issued by the TCEQ authorizing a specified entity to be the retail water or sewer service provider in a specified area. "CFA Policy" means the City's "Policy for the Installation of Community Facilities" as amended March 20, 2001 (M & C G-13181) and in effect on the effective date of the Development Agreement, including any amendments in effect on that date. "Cily" means the City of Fort Worth, Texas, a home rule municipality located in Tarrant, Wise, and Denton Counties. "City Attorney"means the City Attorney of the City. "City Code"means the Code of the City of Fort Worth. "City Council"means the City Council of the City. "City Manager"means the City Manager of the City. "City Objection" means an objection by the City to a Bond issue as defined in Section 5.10 of this Agreement. "City Review Fees" means: (a) the fees and charges applicable to the City's preliminary and final plat review and approval process according to the fee schedule adopted by the City Council and in effect on the date of submittal of each plat application; and (b) fees and charges applicable to the review of plans relating to construction of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of submittal of such plans. "City Secretary"means the City Secretary of the City. "Consent Petition" means the petition submitted by Owner to the City requesting the City's consent to the creation of the District and to the Road Project. "Consent Resolution" means the Resolution No. 3299-12-2005 adopted December 13, 2005 by the City Council that approves this Agreement and that contains the City's consent to the creation of the District in accordance with the District Legislation, including,but not limited to, consent for holding a confirmation election and undertaking the Road Project. "Contractor" means a person or entity that constructs, alters or repairs Infrastructure Agreement Concerning Creation and Operation Page 5 required to serve the Development. "Development"means that certain 431.303-acre tract located in Denton County, Texas as shown on Exhibit A and described on Exhibit B. "Development Agreement" means the Development Agreement attached as Exhibit D to this Agreement to be executed by the City and Owner. "Development Director"means the Director of the City's Development Department. "District" means the City of Fort Worth Municipal Utility District No. 1 of Denton County, to be renamed in accordance with Article X of this Agreement, created in the Development by the District Legislation. "District Confirmation Date" means the date on which the Board canvasses the results of the election held within the District confirming the creation of the District. "District Le islg ation" means Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special District Local Laws Code, Chapter 8129, effective September 1, 2005, creating the District. "Effective Date" means the effective date of this Agreement and is December 13, 2005, the date on which the Consent Resolution was adopted by the City. "ETJ"means the extraterritorial jurisdiction of a city as defined by the Local Government Code, as amended, with the City's ETJ being an unincorporated area presently extending five miles from the City's corporate limits, excluding other incorporated municipalities and their respective ETJs. "Finance Director"means the Director of the City's Finance Department. "Governing Regulations" means the following (and only the following) that are in effect on the Effective Date, including any amendments thereto that are in effect on the Effective Date, except as modified by Section 6.12: (i) Subdivision Regulations; (ii) CFA Policy; (iii) All City fire protection requirements for water line sizing, number of connections,minimum water pressure, and number of fire hydrants; Agreement Concerning Creation and Operation Page 6 (iv) All City standards for design, location, construction, operation and maintenance of water and wastewater infrastructure and expressly including, without limitation, the Policy and Procedure for Processing Water and Wastewater Projects for Design and Construction (1999) and General Contract Documents and Specifications for Water Department Projects; (v) Utility location standards; (vi) Transportation & Public Works Department, 2005 Pavement Design Standards Manual; (vii) Public Works Department Storm Drainage Criteria and Design Manual; (viii) City's Standard Specifications for Street and Storm Drain Construction; (ix) Transportation and Public Works Department Traffic Engineering Design Standards and Policy Guidelines; (x) Roadway Standards and Master Thoroughfare Plan approved by the City Council on February 19, 2002; (xi) Denton County standards for the construction of drainage and stormwater improvements contained in Denton County Subdivision Rules and Regulations(September, 2003), Sections VIII, IX, and XI. (xii) Denton County Regulations for Floodplain Management; and (xiii) Special Regulations. "Infrastructure" means all water, wastewater, drainage, roadway and other infrastructure improvements installed or constructed to serve the Development, whether located within or outside the Development. "Infrastructure Inspection Fees" means the fees applicable to the inspection and testing of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of the inspection. "Local Government Code"means the Texas Local Government Code, as amended. "Notice"means notice as defined in Section 14.01 of this Agreement. "Original Utility Service Agreement" means that certain Agreement Regarding Water and Sewer Utility Service (City Secretary Contract No. 30790) between Aqua Utilities, Inc., Owner, and the City executed October 26, 2004. Agreement Concerning Creation and Operation Page 7 "Owner" means, individually and collectively, Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships,their successors and their Assignees as permitted by this Agreement. "PqjIf means, individually, the City, Owner, or the District, their successors and their Assignees as permitted by this Agreement. "Road Protect" means the construction, acquisition, improvement, maintenance, and operation of all macadamized, graveled, or paved roads and turnpikes and improvements in aid of such roads and turnpikes located within the District and shown on any final plat approved by the City's Plan Commission for the Development. "Special Regulations" means regulations concerning street, right-of-way and sidewalk width, block length and minimum street centerline off-sets described in Exhibit E to this Agreement. "Strategic Partnership Agreement" means the Strategic Partnership Agreement attached as Exhibit F to this Agreement to be executed by the City and the District providing for the limited purpose annexation of certain portions of the Development designated for commercial use for the sole purpose of imposing a sales and use tax pursuant to Section 43.0751 of the Local Government Code. "Subdivision Regulations" means the City's Subdivision Ordinance No. 7234 and Plan Commission Rules and Regulations in effect on the Effective Date, including any amendments thereto in effect on the Effective Date. "Superseding Utiliy Agreement" means that certain Superseding Agreement Regarding Water and Wastewater Utility Service among Aqua Utilities, Inc., Owner,the District and the City, a copy of which is attached as Exhibit C to this Agreement. "TCEO" means the Texas Commission on Environmental Quality or its successor state agency. "Tradition" means the proposed master-planned community containing approximately 2,660 acres that may include residential, commercial and recreational uses as generally depicted for informational purposes only on Exhibit A. "Water Code"means the Texas Water Code, as amended. "Water Director"means the Director of the City's Water Department. Agreement Concerning Creation and Operation Page 8 ARTICLE III CITY CONSENTS In accordance with the terms of this Agreement, the City consents to (a) the creation of the District over the Development, (b) the District undertaking the Road Project, and (c) the calling and holding of an election within the District to confirm the creation of the District. ARTICLE IV EXECUTION OF AGREEMENTS 4.01 Documents To Be Executed. Owner covenants and agrees to cause the District to approve, execute and deliver to the City the following agreements within thirty (30)days after the District Confirmation Date: (a) This Agreement; (b) The Superseding Utility Agreement; (c) The Buy-Out Option Contract; and (d) The Memorandum of Buy-Out Option Contract attached to the Buy-Out Contract as Exhibit C; and the following agreement within ninety(90)days after the District Confirmation Date: (e) The Strategic Partnership Agreement. 4.02 Issuance of Bonds. If the District fails to approve, execute and deliver to the City any one or more of the agreements identified in Section 4.01 of this Agreement within the time frames required by Section 4.01 and such failure is not cured within fifteen (15) days after Notice from the City to Owner and the District, such failure shall constitute a material breach of this Agreement by Owner and shall entitle the City to prevent the issuance of Bonds until the failure has been cured. 4.03 Reimbursement. If Owner fails to cause the District to approve, execute and deliver to the City any one or more of the agreements identified in Section 4.01 of this Agreement within the time frames required by Section 4.01 and such failure is not cured within fifteen (15) days after Notice from the City to Owner and the District, then Owner shall not, from and after the date of such failure, enter into any agreements with the District or seek reimbursement from the District for any expenses incurred in connection with the District or development of the Development until the failure has been cured. 4.04 Strategic Partnership Agreement. By this Agreement and the Consent Resolution, the City has approved the form of the Strategic Partnership Agreement; however, pursuant to Section 43.0751(e) of the Local Government Code, the City Agreement Concerning Creation and Operation Page 9 Council is authorized to adopt the Strategic Partnership Agreement only after such agreement has been adopted by the Board. ARTICLE V ISSUANCE OF BONDS AND CONSENT TO ROAD PROJECT 5.01 Issuance of Bonds. The District may issue Bonds as permitted by law and this Agreement. Except as authorized by this Agreement, the District shall not issue Bonds without prior approval of the City Council. 5.02 Purposes. The purposes for which the District may issue Bonds shall be restricted to the following: (a) Purchase, construction, acquisition, repair, extension and improvement of land, easements, works, improvements, facilities, plants, equipment, and appliances necessary to: (i) Provide a water supply for the District for municipal, domestic, and commercial uses; (ii) Collect, transport, process, dispose of, and control all domestic, commercial, industrial or communal wastes from the District, whether in fluid, solid, or composite state; (iii) Gather, conduct, divert, and control local storm water or other local harmful excesses of water in the District; and (iv) Undertake the Road Project as set forth in Section 5.04; (b) Payment of organization expenses, initial operation expenses, cost of issuance, interest during construction and capitalized interest; (c) Establishment, operation, and maintenance of a fire department to perform fire-fighting services within the District; and (d) Refunding of any outstanding Bonds of the District for a debt service savings;provided, however, that any such refunding Bonds otherwise satisfy the requirements of this Agreement. 5.03 Limitations on Bonds. Owner and the District acknowledge that but for this Agreement, pursuant to Section 54.016 of the Water Code, the City's consent to inclusion of the Development within the District could include restrictions on the purposes for which the District may issue Bonds and that those restrictions could entirely prohibit issuance of Bonds for roads. Owner and the District also acknowledge that Section 8129.102(c) of the District Legislation provides that the District may not Agreement Concerning Creation and Operation OFF161A WN5 Page 10 MY MKI�_Vffly FT. RTH, VEY. undertake a road project unless the City consents by ordinance or resolution. 5.04 Road Project. Notwithstanding the restrictions otherwise permitted by Section 54.016 of the Water Code (as referenced in Section 5.03 of this Agreement), the City acknowledges that the District has the power to undertake the Road Project within the District in accordance with Section 8129.102(c) of the District Legislation, provided the City consents by ordinance or resolution, and that such City consent was granted by the Consent Resolution, subject to the terms of this Agreement. This Agreement hereby authorizes and further consents to the District undertaking the Road Project within the District and to the issuance by the District of Bonds for the Road Project; however, the District may issue Bonds only after the District becomes a Party to this Agreement. In consideration for the City's consent to the Road Project, the District agrees that the total amount of Bonds issued by the District for all purposes (excluding refunding Bonds) shall not exceed $31,820,000, less the amount of funds expended by the District pursuant to Sections 4.03(a), (b) and (c) of the Strategic Partnership Agreement for any of the authorized purposes listed in Section 5.02 (the "Bond Limit Amount"), unless specifically approved by the City Council. Owner and the District acknowledge that the Bond Limit Amount is sufficient to accomplish the purposes of the District and that Owner and the District have voluntarily agreed to the Bond Limit Amount in consideration for the City's consent to the Road Project. District facilities, if any, the cost of which exceeds the Bond Limit Amount will be dedicated to the District without reimbursement unless otherwise approved by the City Council. 5.05 Bond Requirements. The District shall obtain all necessary authorizations for Bonds issued to finance the acquisition or construction of facilities and infrastructure for the benefit of the District in accordance with this Agreement and laws applicable to the District. All Bonds issued by the District shall comply with the following requirements: (a) Maximum maturity of 25 years for any one series of Bonds; and (b) Interest rate that does not exceed two percent (2%) above the highest average interest rate reported by the Daily Bond Buyer in its weekly "20 Bond Index" during the one month period immediately preceding the date that the notice of the sale of such Bonds is given; and (c) The Bonds shall expressly provide that the District shall reserve the right to redeem Bonds at any time beginning not later than the tenth (10th) anniversary of the date of issuance, without premium. No variable rate Bonds shall be issued by the District without City Council approval; and (d) Any refunding Bonds of the District must provide for a minimum of three percent (3%) present value savings and, further, must provide that the latest maturity of the refunding Bonds may not extend beyond the latest maturity of the refunded Bonds unless approved by the City Council; and Agreement Concerning Creation and Operation Page 11 (e) No Bonds shall be issued having an issuance date more than fifteen (15) years after the District Confirmation Date without the City's written approval. 5.06 Certifications. With respect to any matter required by this Article V to be certified in writing, this Agreement also requires, and the District hereby warrants, that every statement in any certification shall be true and correct in all material respects and that the person signing the certification has been given the requisite authority to do so on behalf of the District. 5.07 Economic Feasibility. Before submission of an application for approval of issuance of Bonds to the TCEQ or the Attorney General, the District's financial advisor shall certify in writing to the City Secretary, City Manager, and Finance Director that the Bonds are being issued within the then-current economic feasibility guidelines established by the TCEQ for districts issuing bonds for water, sewer, drainage or road facilities in Denton County. 5.08 Notice of Bond Issues. At least thirty (30) days before submission of an application for approval of issuance of Bonds to the TCEQ or the Attorney General, whichever occurs first, the District shall deliver to the City Secretary, City Manager, and Finance Director the certification required by Section 5.07 and Notice containing: (a) the amount of Bonds being proposed for issuance; (b) a description of the projects to be funded and/or the Bonds to be refunded by such Bonds; and (c)the proposed debt service and District tax rate after issuance of the Bonds. If the District is not required to obtain TCEQ approval of the issuance of the Bonds, the District shall deliver such certification and Notice to the City Secretary, City Manager, and Finance Director at least sixty (60) days prior to issuance of Bonds, except refunding Bonds,by the District. 5.09 Compliance with Agreements. At least thirty (30) days before submission of an application for approval of issuance of Bonds to the TCEQ or the Attorney General, whichever occurs first, the District shall certify in writing to the City Secretary, City Manager, and Finance Director that the District is not in breach of any material provision of the Consent Resolution, this Agreement, or the Strategic Partnership Agreement. Material provisions include, but are not limited to, Sections 4.01, 5.01, 5.02, 5.04, 5.05, 5.06 and 6.01 and Articles VII and IX of this Agreement; but exclude Section 6.10 of this Agreement which is not a material provision of this Agreement for purposes of this Section 5.09. 5.10 Bond Objections. The City shall have a period of sixty (60) days after receiving the last of the certifications and Notices required by Sections 5.08 and 5.09 of this Agreement within which to object to the Bonds. If the City fails to object to a proposed Bond issue within such 60-day period, the City shall be deemed to have waived all objections. The only basis for an objection by the City to a proposed Bond issue shall be that the District is in default of a material provision of the Consent Resolution, this Agreement, the Superseding Utility Agreement, the Buyout Agreement, or the Strategic Partnership Agreement. If the City objects to a proposed Bond issue (a "01Y Agreement Concerning Creation and Operation Page 12 Objection"), such objection (a) shall be in writing, (b) shall be given to the District; (c) shall be signed by the City Manager or the City Manager's designee, and (d) shall specifically identify the material provision(s) of the Consent Resolution, this Agreement, the Superseding Utility Agreement, the Buyout Agreement or the Strategic Partnership Agreement for which the District is in default. It shall not be a basis for a City Objection that the City disagrees with the District's financial advisor as to the financial feasibility of the Bonds so long as the proposed Bonds are approved by the TCEQ and Attorney General. In the event a City Objection is timely given to the District (as required by this section) with respect to a specific Bond application, the City and the District shall cooperate to resolve the City Objection within a reasonable time, and the Bond application to which the City Objection applies shall be delayed until the City Objection has been cured or waived. Unless otherwise cured by written agreement of the Parties, a City Objection shall be deemed cured if (x) the District files a petition seeking declaratory judgment in state district court, (y) thirty (30) days before filing the petition the District gives the City Attorney and the City Manager Notice of, and waives any objections to the City's right to intervene in, such a declaratory judgment action, and (z) the district court determines that the District is not in default with respect to any material provision of the Consent Resolution, this Agreement, the Superseding Utility Agreement, the Buyout Agreement, or the Strategic Partnership Agreement or, alternatively, finds that if such a default had previously occurred, the default has been cured. A City Objection may be waived by the City at any time. 5.11 Official Statements. Within thirty (30) days after the District closes the sale of each series of Bonds, the District shall deliver to the City Secretary, City Manager, and Finance Director a copy of the final official statement for such series of Bonds. If the City requests additional information regarding such issuance of the Bonds, the District shall promptly provide such information at no cost to the City. ARTICLE VI CONSTRUCTION,OPERATION,MAINTENANCE AND INSPECTION OF DISTRICT FACILITIES 6.01 Infrastructure Standards. All Infrastructure shall be designed and constructed in compliance with: (a) the Governing Regulations; (b) the rules and regulations, if any, of the District; (c)the rules and regulations of TCEQ; and(d)the rules and regulations, if any, of the holder of any CCN for retail water or retail wastewater service to all or any portion of the Development. In the event of any conflict between the Governing Regulations and either the rules and regulations of the District or the rules and regulations of any CCN holder, the Governing Regulations shall control unless otherwise agreed in writing by the Development Director. 6.02 Additional Construction Standards for Water Utility Infrastructure. The water utility Infrastructure serving the Development must be constructed using the same type, or a compatible type, of meters, valves, meter boxes and service lines used by the City for its municipal water system; provided, however, that automated meter reading Agreement Concerning Creation and Operation Page 13 ("AMR")-compatible may be used. 6.03 Plan Review; Payment of Fees; and Pre-Construction Conference. Construction of Infrastructure shall not commence until the plans and specifications have been reviewed and accepted by the City for compliance with the Governing Regulations; a pre-construction conference has been held by the Contractor, the District's engineer and representatives of the City's Department of Engineering; and the applicable City Review Fees have been paid. At such pre-construction conference, the Department of Engineering shall designate City employees to serve as the project inspector (the "Cily Infector")for purposes of Sections 6.05, 6.07 and 6.11 and the project manager. 6.04 Community Facilities Agreements. Construction of Infrastructure shall not commence until Owner has executed a Communities Facilities Agreement in accordance with the CFA Policy. Notwithstanding the Governing Regulations, the City shall not participate in the cost of construction of any Infrastructure unless the City requires the construction of Infrastructure that exceeds that which is roughly proportionate to the impact of the Development. 6.05 Inspections by Third Party Inspectors. Except as otherwise provided in this section, inspectors retained by the District (or by Owner on behalf of the District) and approved by the City (which approval shall not be unreasonably withheld or delayed) shall perform or cause to be performed all inspections and testing of the construction of Infrastructure for compliance with this Article VI. The District or Owner, as applicable, shall submit the names, addresses and phone numbers of such inspectors simultaneously with submittal of plans in accordance with Section 6.03. Construction of Infrastructure shall not commence until such inspectors have been approved by the City. The District shall cause the inspectors to provide copies of all inspection and testing reports to the City Inspector. All costs of such third party inspectors shall be paid by the District (or by Owner on behalf of the District). 6.06 Termination of Third Party Inspectors. The City has the right to terminate any third party inspector retained by the District or Owner pursuant to Section 6.05 if the inspector: (i) fails to properly perform inspections and testing to ensure construction in compliance with Article VI; or (ii) fails to provide copies of inspection and testing reports to the City's Department of Engineering. Upon termination of any third party inspector, the City, at its option, may allow the use of another approved third party inspector or perform all necessary inspections and testing. Should the City elect to perform inspections and testing for compliance with this Article VI pursuant to this Section 6.06, the City shall perform such inspections and testing in a timely manner (which inspections shall satisfy all applicable requirements of the TCEQ) and the District (or Owner on behalf of the District) shall pay Infrastructure Inspection Fees. 6.07 Inspection by City. The City has the right, but not the obligation,to inspect and test the Infrastructure at any time. Further, the City has the right to participate in a final inspection of all Infrastructure. The Contractor shall notify the City Inspector when Infrastructure is ready for final inspection. If the City Inspector concurs that construction Agreement Concerning Creation and Operation �' �'�� V � Page 14 CITY �1_VTH 1 FT, WORTH, MY. of the Infrastructure is substantially complete, the City Inspector will schedule a final inspection by the City within 30 days. Upon such final inspection and correction of any punch list items, written certification by the City Inspector that Infrastructure has been constructed in compliance with the Governing Regulations shall, for purposes of Section 5.09, constitute compliance with Sections 6.01(a), 6.02, 6.03, 6.04, 6.05, 6.07, and 6.09 of this Agreement. Notwithstanding anything contained herein, the City shall have the right to charge Infrastructure Inspection Fees for such inspections and testing only if the City performs inspections and testing pursuant to Section 6.06. 6.08 Contracts with Contractors. If a Contractor is not an Owner, then the Owner shall incorporate the requirements of this Article VI into a written construction contract with the Contractor. All contracts with such non-Owner Contractors shall provide that the City is a third-party beneficiary of, and may enforce the contracts against,the Contractor. 6.09 Access by City Employ. Upon prior Notice by the City, any duly authorized employee of the City bearing proper credentials and identification shall be granted access to any property of the District within the Development as the City may determine necessary for the purpose of inspection and testing of Infrastructure. 6.10 Operation and Maintenance of Infrastructure. The District shall cause all Infrastructure to be operated and maintained in accordance with the Governing Regulations. 6.11 As-Built Drawings. The District shall deliver mylar as-built drawings for all Infrastructure to the City Inspector within 30 days after final inspection. 6.12 Modification of Governing Regulations. (a) If a preliminary plat for the entire 431.303 acres comprising the Development is approved by the City's Plan Commission before January 1, 2007, construction of Infrastructure in all portions of the Development for which the Plan Commission approves final plats shall be in accordance with the Governing Regulations, as defined in Article I. (b) If a preliminary plat for the entire 431.303 acres comprising the Development is approved by the City's Plan Commission between January 1, 2007 and September 30, 2007, the Governing Regulations that are in effect on January 1, 2007, including amendments in effect on January 1, 2007, shall apply to construction of Infrastructure in all portions of the Development for which a final plat is approved by the Plan Commission, and the definition of"Governing Regulations" shall be deemed to be amended accordingly. (c) If a preliminary plat for all or any portion of the Development is approved by the Plan Commission on or after October 1, 2007, the Governing Regulations that are in effect on the date of submittal of the preliminary plat shall apply to construction of Agreement Concerning Creation and Operation Page 15 Infrastructure in all portions of the Development for which a final plat is approved by the Plan Commission, and the definition of"Governing Regulations" shall be deemed to be amended accordingly. ARTICLE VII REPORTING REQUIREMENTS The District shall: (a) send a copy of each order or other action setting an ad valorem tax rate to the City Secretary, City Manager, and Finance Director within thirty (30) days after the District adopts the rate; (b) send a copy of each annual audit to the City Secretary, City Manager, and Finance Director within thirty (30) days after approval by the Board; and (c) provide copies of any material event notices filed under applicable federal securities laws or regulations to the City Secretary, City Manager, and Finance Director within thirty (30) days after filing such notices with the applicable federal agency. ARTICLE VIII AREA OF,AND LIMITATIONS ON, SERVICE The District shall not sell or deliver services to areas outside the District without prior City Council approval;provided,however,the District may serve a maximum of ten (10) retail residential water connections outside the District without the Water Director's written approval. ARTICLE IX CONVERSION,ANNEXATION OR DISANNEXATION BY DISTRICT The District shall not: (a) annex any additional lands to the District; (b) convert into another type of district; (c) consolidate with another district; (d) divide into two or more new districts; or (e) seek additional governmental powers beyond those in the District Legislation without prior City Council approval. ARTICLE X NAME CHANGE The District shall initiate proceedings to change the name of the District to "Tradition Municipal Utility District No. 1 of Denton County" in accordance with Section 49.071 of the Water Code or other applicable law within sixty(60) days after the District Confirmation Date. ARTICLE XI ANNEXATION OF DISTRICT BY CITY 11.01 General Terms. The Parties acknowledge and agree that the Development lies wholly within the City's ETJ; is not bordered by another city, town, or village; and is not currently included in the City's annexation plan. The Parties further acknowledge Agreement Concerning Creation and Operation Page 16 that the creation of the District, and the City's consent thereto, are for purposes that include promoting the orderly development and extension of City services to the Development upon annexation. 11.02 Incorporation. In furtherance of the purposes of this Agreement, the District and Owner, on behalf of themselves and their respective successors and Assignees covenant and agree to the extent allowed by law that, except upon written consent of the City Council, neither the District nor Owner will: (a) seek or support any effort to incorporate the Development or any part thereof; or (b) sign, join in, associate with, or direct to be signed any petition seeking to incorporate any of the Development or seeking to include any of the Development within the boundaries of any other incorporated entity. 11.03 Notice. Within thirty (30) days after the District Confirmation Date, the District shall file in the real property records of Denton County: (a) a notice in the form required by Section 49.452 of the Water Code; and(b) a notice in the form of Exhibit G attached to this Agreement stating that the City has the authority to annex the District subject to the limitations set forth in Section 11.05. 11.04 Annexation of Portions of Development. Owner and the District agree to cooperate with and assist the City in annexing one or more areas in the manner prescribed by law which does not result in the dissolution of the District, each of which may not exceed 525 feet in width at its widest point or such other width limitation subsequently imposed by law, as reasonably necessary for the City to connect areas to the City that are outside the District and that the City intends to annex. Notwithstanding the zoning designation approved for the annexed area, such area can be developed and used in accordance with the Development Agreement. 11.05 Full Purpose Annexation. The City will not annex the Development for full purposes any earlier than the first to occur of(a) the date that construction of water, sanitary sewer, drainage and road facilities to serve 90% of the Development is complete; (b) fifteen (15) years after the Effective Date; (c) the dissolution of the District (other than as a result of annexation by the City); or (d) termination of the Development Agreement. 11.06 Limited Purpose Annexation. The Parties agree that the City shall have the right to annex those portions of the Development that are intended for retail development for the sole and limited purpose for the City to impose its sales and use tax within the boundaries of such retail areas, pursuant to Section 43.0751 of the Local Government Code. The terms and conditions upon which such limited purpose annexations may occur shall be set forth in the Strategic Partnership Agreement. 11.07 Reimbursement Agreements. The District will not enter into any developer reimbursement agreements or agreements for new projects or extraordinary expenses, except as necessary for continued operation and maintenance of existing District facilities, after publication of the first notice of proposed full purpose annexation Agreement Concerning Creation and Operation Page 17 of the District by the City (which first publication shall not occur earlier than the date provided in the Development Agreement), other than an annexation pursuant to Section 11.04 of this Agreement. The District further agrees that any developer reimbursement agreements entered into by the District in violation of this requirement shall be void. ARTICLE XII TERM OF AGREEMENT This Agreement shall be effective from the Effective Date and shall continue in effect until the District is annexed for full purposes and dissolved by the City or until terminated in writing by mutual agreement of the City and the District; provided, however, if the creation of the District has not been confirmed at an election conducted on or before November 30, 2006, this Agreement may be terminated by the City by providing Notice to Owner. ARTICLE XIII BREACH,NOTICE AND REMEDIES 13.01 Notification of Breach. If either Party commits a breach of this Agreement, the non-breaching Party shall give Notice to the breaching Party that describes the breach in reasonable detail. 13.02 Cure of Breach. The breaching Party shall commence curing such breach within fourteen (14) calendar days after the time the breaching Party receives such Notice and complete the cure within 14 calendar days from the date of commencement of the cure; however, if the breach is not reasonably susceptible to cure by the breaching Party within such 14-day period, the non-breaching Party shall not bring any action so long as the breaching Party has commenced to cure the default within such 14-day period and diligently completes the cure within a reasonable time without unreasonable cessation of the work. 13.03 Remedies for Breach. If the breaching Party does not substantially cure such breach within the stated period of time, the non-breaching Party may, in its sole discretion, and without prejudice to any other right under this Agreement, law, or equity, seek an action under the Uniform Declaratory Judgment Act, specific performance, mandamus, injunctive relief, and other remedies described in this Agreement; provided, however, that the non-breaching Party shall not be entitled to terminate this Agreement and each Party specifically waives any right such Party has or in the future may have to terminate this Agreement (except for the right of the City to terminate as provided in Article XII of this Agreement). It is understood and agreed that no Party will seek or recover actual, consequential or any other type of monetary damages or awards, including but not limited to attorney's fees, in the event that any Party brings suit under or related to this Agreement. Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, are jointly and severally liable for the obligations of Owner when it is a breaching Party under this Agreement, and the City may pursue its remedies for breach against any one or more of them. Agreement Concerning Creation and Operation Page 18 13.04 Governmental Powers; Waiver of Immunity. By execution of this Agreement, neither the City nor the District waives or surrenders any of their respective governmental powers, immunities or rights, except as specifically waived pursuant to this section. The City and the District mutually waive their governmental immunity from suit and liability only as to any action brought by a Party to pursue the remedies available under this Agreement and only to the extent necessary to pursue such remedies. Nothing in this section shall waive any claims, defenses or immunities that the City or the District has with respect to suits against the City or the District by persons or entities not a parry to this Agreement. ARTICLE XIV ADDITIONAL PROVISIONS 14.01 Notice. Any notices, certifications, approvals, or other communications (a "Notice") required to be given by one Party to another under this Agreement shall be given in writing addressed to the Parry to be notified at the address set forth below and shall be deemed given: (a) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (b) when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (c) when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; or (d) five business days after the Notice is sent by FAX (with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday, the applicable period for calculating the Notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this Section 14.01. To the City: City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Tx. 76102 Attn: City Secretary FAX: 817-392-6196 City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Tx. 76102 Attn: City Manager FAX: 817-392-6134 Agreement Concerning Creation and Operation UIAli I � Page 19 Orf a 111HAUY qqpp e,anr+�y7�,WC Req City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Tx. 76102 Attn: Development Director FAX: 817-392-7985 City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Tx. 76102 Attn: City Attorney FAX: 817-392-8359 City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Tx. 76102 Attn: Finance Director FAX: 817-392-8966 City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Tx. 76102 Attn: Engineering Director FAX: 817- 871-7895 To the District: Fort Worth Municipal Utility District No. 1 of Denton County c/o: Coats Rose 3 Greenway Plaza, Suite 2000 Houston, TX 77046 Attn: Timothy G. Green FAX: 713-890-3924 To Owner: Aperion Communities, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: 480-951-8414 Eladio Properties, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: 480-951-8414 Agreement Concerning Creation and Operation Page 20 Drooy Properties,LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: 480-951-8414 14.02 No Waiver. Any failure by a Party to insist upon strict performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 14.03 City Consent and Approval. In any provision of this Agreement that provides for the consent or approval of the City staff or City Council, such consent or approval may be withheld or conditioned by the staff or City Council at its sole discretion, except as provided in Section 5.10. 14.04 Governing Law and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY, TEXAS, AND HEREBY AGREE THAT ANY SUCH COURTS SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 14.05 Authority to Execute. The City warrants that this Agreement has been approved by the City Council in accordance with all applicable public meeting and public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the City has been authorized to do so. Each Owner warrants that the execution of this Agreement is duly authorized in conformity with the articles of incorporation, bylaws, partnership agreement, or other applicable organizational documents of each Owner and that the individual executing this Agreement on behalf of each Owner has been authorized to do so. The District warrants that this Agreement has been approved by the Board in accordance with all applicable public meeting and public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the Board has been authorized to do so. 14.06 Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement Concerning Creation and Operation �pp �v1�r�'` MAI zPa e 21 C9 � �SLlkS npr'11 g Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the provision so severed. 14.07 Changes in State or Federal Laws. If any state or federal law changes so as to make it impossible for the City or the District to perform its obligations under this Agreement, the Parties will cooperate to amend the Agreement in such a manner that is most consistent with the original intent of the Agreement as legally possible. 14.08 Additional Documents and Acts. The Parties agree that at any time after execution of this Agreement, they will, upon the request of any other Party, execute and/or exchange any other documents necessary to effectuate the terms of this Agreement and perform any further acts or things as the other Party may reasonably request to effectuate the terms of this Agreement. 14.09 Captions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of the Agreement. 14.10 Assignment. (a) Neither the District nor the City may assign this Agreement without the written consent of the other Parties. (b) Owner has the right, from time to time, to assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of Owner under this Agreement, to the District (after the District Confirmation Date) and to any person or entity (an "Assignee") without the consent of the City, provided that the following conditions are satisfied: (1) if not the District, Assignee is a successor owner of all or any part of the Development or is a lender to a successor owner of all or any part of the Development; (2) if not the District, Assignee has a contractual right to be reimbursed for water, sewer, or drainage improvements and/or the Road Project from District Bonds (or has a lien or other security interest in such reimbursements); (3) the assignment is in writing executed by Owner and Assignee in the form of assignment attached as Exhibit H; (4) Assignee expressly assumes in the assignment any assigned obligations and expressly agrees in the assignment to observe, perform, and be bound by this Agreement to the extent this Agreement relates to the obligations, rights, titles, or interests assigned; and (5) a copy of the executed assignment is provided to all Parties within 15 days after execution. Provided the foregoing conditions are satisfied, from and after the date the assignment is executed by Owner and Assignee, the City agrees to look solely to Assignee for the performance of all obligations assigned to Assignee and agrees that •, 1--:1, `, Agreement Concerning Creation and Operation 7 _ Page 22 Owner shall be released from performing the assigned obligations and from any liability that results from the Assignee's failure to perform the assigned obligations. No assignment by Owner shall release Owner from any liability that resulted from an act or omission by Owner that occurred prior to the effective date of the assignment. Owner shall maintain written records of all assignments made by Owner (including, for each Assignee, the Notice information required by this Agreement, and including a copy of each executed assignment) and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. It is specifically intended that this Agreement, and all terms, conditions and covenants herein, shall survive a transfer, conveyance, or assignment occasioned by the exercise of foreclosure of lien rights by a creditor or a Party, whether judicial or non judicial. This Agreement shall be binding upon and insure to the benefit of the Parties and their respective successors and Assignees. Notwithstanding the foregoing, however, Owner shall not have the right to assign this Agreement, or any right, title, or interest of Owner under this Agreement, until the District has become a Party. 14.11 Amendment. This Agreement may be amended only with the written consent of all Parties and with approval of the governing bodies of the City and the District. 14.12 Interpretation. The Parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting parry shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 14.13 No Third Party Beneficiary. This Agreement is solely for the benefit of the Parties, and neither the City, the District nor Owner intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit upon or enforceable rights under this Agreement or otherwise upon anyone other than the City,the District and Owner. 14.14 Reimbursement for City's Professional Fees. Owner will reimburse the City for reasonable attorneys fees incurred by the City in connection with negotiation and preparation of this Agreement, the Development Agreement, the Strategic Partnership Agreement, agreements concerning the provision of water and wastewater service to the Development, and any other documents executed by Owner, the District, and the City in connection with the Development. Owner's obligation is limited to the actual, out-of- pocket costs and expenses paid to or owed to third-parties for services rendered prior to the approval of this Agreement by the City Council. Owner shall reimburse the City for such fees within thirty (30) days after this Agreement has been executed by the City and Owner and the City has delivered to Owner an invoice for such fees setting forth in Agreement Concerning Creation and Operation Page 23 reasonable detail a description of the work performed, including identification of the attorney who performed the work, the date on which the work was performed, and the time spent on each date. 14.15 Incorporation of Exhibits by Reference. All exhibits attached to this Agreement are incorporated into this Agreement by reference for the purposes set forth herein, as follows: Exhibit A Map of Tradition Exhibit B Legal description of the Development Exhibit C Superseding Utility Agreement Exhibit D Development Agreement Exhibit E Special Regulations Exhibit F Strategic Partnership Agreement Exhibit G Annexation Notice Exhibit H Assignment and Assumption Agreement 14.16 Conspicuous Provisions. The City, Aqua Utilities, the District, and Owner acknowledge that the provisions of this Agreement set out in bold, cAPITALs (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 14.17 Counterpart Originals. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original. ATTEST: T OF FOR OR H Marty Hendrix6City Secretary Marc Ott, ssistant ity Manager Date: APPROVED AS TO FORM AND LEGALITY: Assistant Ci y Attorney ZaAPERION COMMUNITIES, LLLP, an Arizona Contract AuthorizastioR limited liab' t limit nership. --_ .t BY :A Bad@ David P. Maniatis, General Partner Date: 152-11- os 10FFI ,Ii"!1. 111EC0� Agreement Concerning Creation and Operation V 9ry5 �l qI',�`,' Page 24 ELADIO PROPERTIES, LLLP, an Arizona limited liability limit partnersG 1n By: ,.,avid P. Maru �is, General Partner Date: 19-11 a� DROOY PROPERTIES, LLLP, an Arizona limited liability limited,partnership. By: David P. Maniatis, General Partner Date: I P-11- o5- Pursuant SPursuant to Article IV hereof and following the District Confirmation Date, the District has executed the Agreement. CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY By: CC President, Board of Directors Date: MMU 31 .2 nC ] STATE OF TEXAS § COUNTY OF TARRANT § —per This instrument was acknowledged before me, on the Al day o � 2005, by Marc Ott, Assistant City Manager of the City of Fort Worth, Texas on behalf of said city. HETTIE LANE i SAY Opt�►1NSSION EXPIRES 'Notary Public, State of Texas July 26,2007 Printed Name: &-tne- "x c— My Commission Expires: ? [SEAL] - a �Ey V Agreement Concerning Creation and Operation Page 25 STATE OF TEXAS § COUNTY OF TARRANT § This ins+niment was a4' owledged before me, on the day of MQV 2000;1 by Mic-h4t,� B\An ���resident, Board of Directors of City of To-it-Worth Municipal Utility District No. 1 of Denton County, on behalf of said district. mwk-. Notary Public, State of Texas a a LESLIE A. CODE Printed Name: ' C&%V"ft ,,;T a My Commission Expires: STATE OF_ A �,A § COUNTY OF fYl ate,f oA § This instrument was acknowledged before me, on the JIL4"day of by o-p Lp" 2005, by David Maniatis, General Partner of Aperion Communities, LLLP, an Arizona limited liability limited partnership, on behalf of said limited partnership. �"� '/�/ v V—�o--- — Notary Public, State of 14 g-1 Z=oAXA', Printed Name: ,,m I ) My Commission Expires: 10 [SEAL] OFFICIAL SEAT. KIM MITCHELL Ninny FV*-Sine of Antons MARICOPACotAm My CwM Erpat oaoea 14,2W8 Agreement Concerning Creation and Operation Page 26 STATE OF_ Z5���71k § COUNTY OF Mc�Zi L�3 § This instrument was acknowledged before me, on the_L[L4-day of. bp�pen}ao z , 2005, by David Maniatis, General Partner of Eladio Communities, LLLP, an Arizona limited liability limited partnership, on behalf of said limited partnership. VL — Notary Public, Stat of -jQ7„A::YX Printed Name: VCA My Commission Expires: [SEAL] OFFICIAL SEAL KIM MITCHELL Notary N*-S10 of Ana= MARKWA COMM G,y My Comm.Expires Oc6ober 14,2008 STATE OF_ Z—i rnr\�,p_ § COUNTY OF_�(L t1 § This instrument was acknowledged before me, on the!!0"'day of beo-emhe Z , 2005, by David Maniatis, General Partner of Drooy Communities, LLLP, an Arizona limited liability limited partnership, on behalf of said limited partnership. Notary Public, State of Printed Name: 9,' (�'" ��hp I I My Commission Expires: [SEAL] OFFICIAL SEAL KIM MITCHELL Notary Aft.SW of Ariwa MARICOPA COWN �. .,.' My Curren.Expires Ocober 14,2008 Agreement Concerning Creation and Operation Page 27 Exhibit A Map of Tradition Exhibit A to Agreement Concerning Creation and Operation Page 1 i wu w .tl _ I� F • C y , � w t a. ° � n , n t _ . ui I' , - f 1� Vol d Exhibit B Legal description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT(Aperion Tract One- A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right- of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et at,tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E, a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52E34'22" E, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44EO8'03" E,a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65E58'36" E, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97-0003605 RPRDCT; Exhibit B to Agreement Concerning Creation and Operation Page 1 THENCE S OOE07'20" E along the east line of said Aperion Tract One-A and the west line of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93- R0020408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47E15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of-way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N OOE 11'12" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOE11'12" E along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; Exhibit B to Agreement Concerning Creation and Operation Page 2 THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land, more or less. Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of-way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right-of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right-of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land, more or less. Exhibit B to Agreement Concerning Creation and Operation Page 3 Exhibit C Superseding Utility Agreement Exhibit C to Agreement Concerning Creation and Operation Page 1 SUPERSEDING AGREEMENT REGARDING WATER AND WASTEWATER UTILITY SERVICE This Superseding Agreement Regarding Water and Wastewater Utility Service ("As reement') is entered into by and between the City of Fort Worth, Texas (the "Li '% a home-rule municipal corporation situated in Tarrant, Denton, and Wise Counties, Texas, acting by and through its duly authorized Assistant City Manager; Aqua Utilities, Inc., formerly known as AquaSource Utility, Inc., a Texas corporation ("Aqua Utilities"); Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships (individually and collectively, "Owner"); and the City of Fort Worth Municipal Utility District No. 1 of Denton County, a municipal utility district created pursuant to Article XVI, Section 59, of the Texas Constitution, Chapters 49 and 54 of the Texas Water Code and the applicable Special District Local Law (the "District"), which District, after the District Confirmation Date, will become a Party to this Agreement. ARTICLE I RECITALS A. Aqua Utilities wishes to provide retail water and wastewater utility service to approximately 431.303 acres in Denton County, Texas, as shown on Exhibit A and more particularly described in Exhibit B attached to this Agreement (the "Development"), which Development lies entirely within the City's extraterritorial jurisdiction("ETT'). B. Aqua Utilities currently holds Certificate of Convenience and Necessity No. 11157 for retail water service issued by the Texas Commission on Environmental Quality ("TCEQ') and covering several geographic service areas, including the area in Denton and Wise Counties shown on Exhibit D to this Agreement (the "Denton-Wise County CCN Area"), which includes the Development. Aqua Utilities wishes to provide retail water and waste water utility service to Tradition. Aqua Utilities, Owner, and the City wish to cooperate in providing water and wastewater service to Tradition. C. No entity presently holds a CCN for wastewater service in the area that includes the Development. D. The City has reached certain agreements with Aqua Utilities regarding the provision of wholesale water and wastewater service, and has a continuing interest in, and certain governmental responsibilities regarding, the regulation of development for the health and safety of residents in its ETJ. E. Owner has represented to the Parties that it owns and intends to develop the Development as the first phase of "Tradition," a master-planned community containing approximately 2,660 acres, as depicted in Exhibit A and more particularly described in Exhibit C. F. Aqua Utilities, Owner and the City entered into the "Agreement Regarding Water and Sewer Utility Service," dated October 26, 2004, City Secretary Contract No. 30790, ("Oriincl Utility Service A>;reement") regarding water and wastewater utility infrastructure and service to be provided to the first 1,000 connections within the Development and to address certain issues Superseding Agreement Regarding Water and Wastewater Utility Service related to planning for water and wastewater utility service to Tradition and the remainder of the Denton-Wise CCN area. G. After the Original Utility Service Agreement was executed, Owner petitioned the Texas Legislature to form a Municipal Utility District to cover the Development and thereafter the Texas Legislature approved the creation of City of Fort Worth Municipal Utility District No. 1 of Denton County containing the Development, by Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special District Local Laws Code, Chapter 8129, effective September 1, 2005 (the "District"). H. On December 13, 2005, the City Council of the City adopted Resolution No. 3299-12- 2005 consenting to the creation of the District, approving the "Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County" among the City, the Owner and the District (the "Consent Agreement"), which Consent Agreement was executed by the City and Owner and provides for Owner to cause the District to approve, execute and deliver this Agreement to the City. I. Aqua Utilities, Owner and the City wish to amend, restate and supersede the Original Utility Service Agreement to provide for further and amended agreements of the Parties regarding water and wastewater infrastructure and service, including among other things, to provide for the District to be a Party to this Agreement, to provide for changed circumstances arising out of the creation of the District, and to provide for services to the entirety of the Development, rather than only to the first 1,000 connections within the Development (defined in the Original Utility Service Agreement as the"Land"). J. The Parties to the Original Utility Service Agreement and to this Agreement intend that, upon its execution, this Agreement shall entirely supersede the Original Utility Service Agreement, as of the Effective Date of this Agreement. NOW THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth,the Parties contract and agree as follows: ARTICLE II DEFINITIONS "Agreement" means this Superseding Agreement Regarding Water and Wastewater Utility Service. "Agreement for Sale of Treated Water" means the "Agreement for Sale of Treated Water" between the City and Aqua Utilities, the form of which is attached to this Agreement as Exhibit E. "Agreement for Wastewater Service" means the "Wholesale Wastewater Service Agreement" between the City and Aqua Utilities, the form of which is attached to this Agreement as Exhibit F. "Aqua Utilities"means Aqua Utilities, Inc., a Texas corporation. Superseding Agreement Regarding Water and Wastewater Utility Service Page 2 "Assignee" means the assignee of the Owner, as permitted by this Agreement and defined in Section 9.05(b). "Buy-Out Contract" means the "Buy-Out Option Contract," the form of which is attached to this Agreement as Exhibit G. "CFA Policy" means the "Policy for the Installation of Community Facilities" as amended in March 2001 (M & C G-13181) in effect on the Effective Date, including any amendments thereto that are in effect on the Effective Date. "Ciff" means the City of Fort Worth, a home rule municipality located in Tarrant, Denton and Wise Counties, Texas. "City Council"means the City Council of the City. "City Utility Standards" means (i) all City fire protection requirements for water line sizing, number of connections, minimum water pressure and number of fire hydrants that are in effect on the Effective Date, including any amendments thereto in effect on the Effective Date; and (ii); all City standards for design, location, construction, operation and maintenance of water and wastewater utility Infrastructure that are in effect on the Effective Date, including any amendments thereto in effect on the Effective Date, except as modified by Section 5.13, and expressly including without limitation the following: (a) Subdivision Regulations; (b) CFA Policy; (c) Policy and Procedure for Processing Water and Wastewater Projects for Design and Construction(1999); and (d) General Contract Documents and Specifications for Water Department Projects "City Review Fees" means fees and charges applicable to the review and approval of plans relating to the construction of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of submittal of such plans. "Consent Agreement" means the Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County by and among the City, the District, and Owner, which was approved by the City Council on December 13, 2005 (City Secretary Contract No. 32896,M & C C -21197) and executed as of December 21, 2005. "Contractor" means a person or entity that constructs, alters or repairs Infrastructure required to serve the Development, whether located within or outside the Development. "Denton-Wise County CCN Area" means that portion of the Aqua Utilities Certificate of Convenience and Necessity No. 11157 for retail water service issued by the Texas Commission on Environmental Quality ("TCEQ") and covering the area in Denton and Wise Counties shown on Exhibit D. Superseding Agreement Regarding Water and Wastewater Utility Service Page 3 "Development"means that certain 431.303-acre tract located in Denton County, Texas shown on Exhibit A and more particularly described in Exhibit B. "Director"means the City Water Department Director or designee. "District" means the City of Fort Worth Municipal Utility District No. 1 of Denton County, the name of which will be changed to "Tradition Municipal Utility District No. 1 of Denton County" pursuant to the Consent Agreement. "Effective Date"means the effective date of this Agreement as defined in Section 9.17. "Impact Fees" means City water and wastewater impact fees for new or enlarged connections adopted by one or more City ordinances in Chapter 35, Division 2, of the Fort Worth City Code in accordance with Chapter 395, Texas Local Government Code, as such may be amended from time to time. "Infrastructure" means all water and wastewater (unless expressly identified as only water or only wastewater) facilities, equipment or related improvements necessary to serve the Development,whether located within or outside the Development. "Infrastructure Inspection Fees" means the fees applicable to the inspection and testing of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of the inspection. "Infrastructure Standards" means the standards for construction, operation and maintenance defined as the Infrastructure Standards as set forth in Article V. "Notice"means notice as defined in Section 9.03 of this Agreement. "Original Utility Service Agreement"means the "Agreement Regarding Water and Sewer Utility Service," City Secretary Contract No. 30790, between Aqua Utilities, Owner, and the City executed October 26, 2004. "Owner" means, individually and collectively, Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships, and each of their respective Assignees as permitted by Section 9.05. "E411f" means, individually, the City, Owner, District or Aqua Utilities, and any successors and assigns,as permitted by this Agreement. "Policy" means the"Policy for the Installation of Community Facilities" adopted in March 2001 by the City Council, as may be amended from time to time. "Prior Contractual Commitment" means a contractual commitment dated January 16, 2004 or earlier calling for or allowing water or wastewater utility system Infrastructure that does not comply with City Utility Standards, as defined in Section 7.04. Superseding Agreement Regarding Water and Wastewater Utility Service Page 4 "Subdivision Regulations" means the City's Subdivision Ordinance No. 7234 and Plan Commission Rules and Regulations in effect on the Effective Date, together with any amendments thereto that are in effect on the Effective Date. "IgEQ"means the Texas Commission on Environmental Quality or its successor agency. "TRA"means the Trinity River Authority of Texas. "Tradition" means the proposed master-planned community containing approximately 2,660 acres as depicted in Exhibit A and more particularly described in Exhibit C. ARTICLE III WATER AND WASTEWATER UTILITY SERVICE PLANS 3.01 Service Plans to be Submitted. Owner will submit retail water and wastewater utility service plans for Tradition to the City for review and approval, which approval shall not be unreasonably withheld. The City will make reasonable efforts to complete its review within 120 days of receipt of each plan. Multiple service plans may be submitted to the City as Tradition is subdivided and developed, but in no event shall a plan include less than 300 acres without the City's consent. Approval of both a retail water utility service plan and a retail wastewater utility service plan by the City shall be a condition of the City's approval of a final plat for each phase of Tradition. If Owner creates any additional conservation and reclamation districts over the area covered by Tradition, the Owner shall submit a single retail water utility service plan and a single retail wastewater service utility service plan covering each district. 3.02 Water Plans. To obtain City approval, a water utility service plan must, at a minimum, meet the following requirements: a. The water utility Infrastructure shall meet all City Utility Standards set out in Article V. b. The plan must demonstrate that an adequate supply of potable water meeting all TCEQ public water system requirements will be provided. Such demonstration shall be made prior to the City's approval of a preliminary plat for each phase of Tradition. Water supplies may be obtained from any source, including but not limited to (i) groundwater sources, (ii) third party suppliers or (iii) upon agreement of the City, pursuant to a treated water delivery contract with the City. c. All plans and specifications proposed for water utility Infrastructure, including all meters,valves,meter boxes, service lines and any offsite facilities, shall be submitted to the City as part of the retail water utility service plan. d. Upon City approval of the retail water utility service plan submitted pursuant to this Agreement, the City will not seek to challenge the Aqua Utilities water CCN area covered by that plan. Superseding Agreement Regarding Water and Wastewater Utility Service Page 5 3.03 Wastewater Plans. To obtain City approval, wastewater utility service plans must at a minimum meet the following requirements: a. The wastewater utility Infrastructure shall meet all City Utility Standards set out in Article V. b. All plans and specifications proposed for wastewater utility Infrastructure, including all meters, valves, meter boxes, service lines and any offsite facilities, shall be submitted to the City as part of the retail wastewater utility service plan. c. For areas within Tradition, but outside the Development, where Aqua Utilities, Owner or the District will provide wastewater treatment service by owning or operating a treatment plant, such wastewater treatment plant shall be permitted, constructed, operated and maintained in accordance with all applicable TCEQ requirements, and in addition shall be permitted to meet effluent limitations no less stringent than 5-5-2-1 (5 parts per million ["ppm"] biochemical oxygen demand; 5 ppm total suspended solids; 2 ppm nitrogen; and 1 ppm phosphorous). The City will not contest any TCEQ or other regulatory approvals sought by Aqua Utilities, Owner or the District for such wastewater treatment plant so long as the plant remains in compliance with applicable TCEQ requirements and the foregoing effluent limitations. ARTICLE IV SERVICE TO THE DEVELOPMENT 4.01 Water Service. The City will provide treated water service to the Development under the terms of the Agreement for Sale of Treated Water by and between the City and Aqua Utilities, attached as Exhibit E. For areas within Tradition, but outside the Development, Aqua Utilities may obtain water supplies from any source, including but not limited to (i) groundwater sources, (ii) third party wholesale suppliers, or (iii) water from the City pursuant to a treated water delivery contract to be agreed upon between the City and Aqua Utilities; however, nothing in this Agreement requires the City to enter into such a contract or to otherwise provide treated water service to areas of Tradition outside the Development unless a treated water delivery contract is subsequently agreed upon for such areas. Any treated water delivery contracts to be entered into by the City pursuant to this Agreement shall not contain terms and conditions more favorable than set forth in the City's uniform wholesale water service contracts with its existing wholesale customers. 4.02 Wastewater Service. The City will provide wastewater collection and treatment service to the Development under the terms of the Agreement for Wastewater Service by and between the City and Aqua Utilities, attached as Exhibit F 4.03 Easements and Rights-of-Way. All easements or rights-of-way required for the installation of the Infrastructure will be granted or acquired by Aqua Utilities, Owner or the District, at no cost to the City. To facilitate the water and wastewater service to the Development to be provided pursuant to the terms of this Agreement, Aqua Utilities, Owner and Superseding Agreement Regarding Water and Wastewater Utility Service Page 6 the District will grant and provide to the City such easements as are necessary to connect the City's water and wastewater systems or the IRA's wastewater system to the Development, and for the continuous operation and maintenance of all metering and sampling facilities, all at no cost to the City. 4.04 Access, Ingress and Egress. Upon prior Notice by the City, any duly authorized employee of the City bearing proper credentials and identification shall be granted access to any premises located within the Development as the City may determine is necessary for the purpose of inspection, observation, measurement, sampling, testing or auditing, in the provision of water and wastewater service to be provided pursuant to the tenons of this Agreement. In addition, the City will be given continuous route of ingress and egress to all metering and sampling facilities. 4.05 Ownership and Construction of Infrastructure. The Infrastructure on the Development's side of the City's water and wastewater meters will be owned by the District, and leased to Aqua Utilities unless and until it is acquired by the City pursuant to Section 7.01. Aqua Utilities shall not provide water or wastewater service to the Development pursuant to the Section 4.01 "Agreement for Sale of Treated Water by and between the City and Aqua Utilities" or the Section 4.02 "Agreement for Wastewater Service by and between the City and Aqua Utilities" except through Infrastructure owned by District. If prior to January 1, 2007 no mutually acceptable lease agreement is reached between Aqua Utilities and the District for the operation and maintenance of the Infrastructure, or if within five (5) years of the Effective Date, the District does not own any water or sewer Infrastructure capable of providing retail water or sewer service to the District,then Aqua Utilities and the City shall terminate each of those water and sewer service agreements pursuant to the provisions therein for termination by mutual consent. 4.06 Notices to Retail Customers. At least once annually, water bills sent to all retail customers within the District will contain the following statement: "This service address is inside the boundaries of a municipal utility district that may be annexed in the future by the City of Fort Worth." 4.07 Service by Another Entity. If Owner or the District engages or allows any entity other than Aqua Utilities to provide water or wastewater service to land within Tradition, then Owner or the District will first contractually obligate such provider to the terms and conditions of this Agreement to the same extent that Aqua Utilities is obligated. ARTICLE V CONSTRUCTION, OPERATION AND MAINTENANCE OFINFRASTRUCTURE 5.01 Infrastructure Standards. All Infrastructure shall be designed and constructed in compliance with this Article V and: (a) the City Utility Standards; (b) rules and regulations of the TCEQ; (c) the rules and regulations, if any, of the District; and (d) the rules and regulations of Aqua Utilities that apply to the Development("Infrastructure Standards"). Superseding Agreement Regarding Water and Wastewater Utility Service Page 7 5.02 Conflicts. In the event of any conflict between the City Utility Standards and any other standards, rules, or regulations listed above, the City Utility Standards shall control unless otherwise agreed in writing by the Director. 5.03 Additional Construction Standards for Water Utility Infrastructure. The water utility Infrastructure serving the Development must be constructed using the same type, or a compatible type, of meters, valves, meter boxes and service lines used by the City for its municipal water system; provided, however, that automated meter reading ("AMR")-compatible may be used. For additional connections in Tradition, but outside the Development, the water system may be constructed using meters, valves, meter boxes and service lines chosen by the retail provider, subject to the requirements of Article III. 5.04 Plan Review, Payment of Fees: and Pre-Construction Conference. Construction of Infrastructure shall not commence until the plans and specifications have been reviewed and accepted by the City for compliance with the City's Utility Standards; a pre-construction conference has been held by the Contractor, the District's engineer and representatives of the City's Department of Engineering; and the applicable City Review Fees have been paid. At such pre-construction conference, the Department of Engineering shall designate City employees to serve as the project inspector (the "City Inspector") for purposes of Sections 5.06, 5.08 and 5.11 and the project manager. 5.05 Community Facilities Agreements. Construction of Infrastructure shall not commence until a Community Facilities Agreement has been executed in accordance with the City's CFA Policy. Notwithstanding the Infrastructure Standards, the City shall not participate in the cost of construction of any Infrastructure unless the City requires the construction of Infrastructure that exceeds that which is roughly proportionate to the impact of the Development. 5.06 Inspections by Third Party Inspectors. Except as otherwise provided in this Article V, inspectors retained by the District (or by Owner on behalf of the District) and approved by the City (which approval shall not be unreasonably withheld or delayed) shall perform or cause to be performed all inspections and testing of the construction of Infrastructure for compliance with this Article V. The District or Owner, as applicable, shall submit the names, addresses and phone numbers of such inspectors simultaneously with submittal of plans in accordance with Article III. Construction of Infrastructure shall not commence until such inspectors have been approved by the City. The District shall cause the inspectors to provide copies of all inspection and testing reports to the City Inspector. All costs of such third party inspectors shall be paid by the District(or by Owner on behalf of the District). 5.07 Termination of Third Party Inspectors. The City has the right to terminate any third party inspector retained by the District or Owner pursuant to Section 5.06 if the inspector: (i) fails to properly perform inspections and testing to ensure construction in compliance with this Article V; or (ii) fails to provide copies of inspection and testing reports to the City's Department of Engineering. Upon termination of any third party inspector, the City, at its option, may: (i) allow the use of another approved third party inspector, or (ii) perform all necessary inspections and testing. Should the City elect to perform inspections and testing pursuant to this Section 5.07, the City shall perform such inspections and testing for compliance Superseding Agreement Regarding Water and Wastewater Utility Service Page 8 with this Article V in a timely manner (which inspections shall satisfy all applicable requirements of the TCEQ) and the District shall pay Infrastructure Inspection Fees. 5.08 Inspection by City. The City has the right, but not the obligation, to inspect and test the Infrastructure at any time. Further, the City has the right to participate in a final inspection of all Infrastructure. The Contractor shall notify the City Inspector when Infrastructure is ready for final inspection. If the City Inspector concurs that construction of the Infrastructure is substantially complete,the City Inspector will schedule a final inspection by the City within 30 days. Upon such final inspection and correction of any punch list items, written certification by the City Inspector that Infrastructure has been constructed in compliance with City Utility Standards shall constitute compliance with Sections 5.01(1), 5.03, 5.04, 5.05, 5.06, 5.08, and 5.09. Notwithstanding anything contained herein, the City shall have the right to charge Infrastructure Inspection Fees for such inspections and testing only if the City performs inspections and testing pursuant to Section 5.07. 5.09 Access by City Employees. Upon prior Notice by the City, any duly authorized employee of the City bearing proper credentials and identification shall be granted access to any property of the District within the Development as the City may determine necessary for the purpose of inspection and testing of Infrastructure. 5.10 Contractors. If any Party engages a Contractor to construct Infrastructure, such Party shall incorporate the requirements of this Article V into a written construction contract with the Contractor. All such contracts shall provide that the City is a third-party beneficiary of and may enforce such contracts against the Contractor. 5.11 Operation and Maintenance of Infrastructure. The District and Aqua Utilities shall cause all Infrastructure, once it is constructed, to be operated and maintained in compliance with the Infrastructure Standards. 5.12 As-Built Drawings. The District and Aqua Utilities shall be jointly responsible for the delivery of mylar as-built drawings for all Infrastructure to the City Inspector within 30 days after final inspection. 5.13 Modification of Governing Regulations. (a) If a preliminary plat for the entire 431.303 acres comprising the Development is approved by the City's Plan Commission before January 1, 2007, the development of all portions of the Development for which the Plan Commission approves final plats shall be in accordance with the Governing Regulations, as defined in Article I. (b) If a preliminary plat for the entire 431.303 acres comprising the Development is approved by the City's Plan Commission between January 1, 2007 and September 30, 2007, the Governing Regulations that are in effect on January 1, 2007, including amendments in effect on January 1, 2007, shall apply to development of all portions of the Development for which a final plat is approved by the Plan Commission, and the definition of "Governing Regulations" shall be deemed to be amended accordingly. Superseding Agreement Regarding Water and Wastewater Utility Service Page 9 (c) If a preliminary plat for all or any portion of the Development is approved by the Plan Commission on or after October 1, 2007,the Governing Regulations that are in effect on the date of submittal of the preliminary plat shall apply to development of all portions of the Development for which a final plat is approved by the Plan Commission, and the definition of "Governing Regulations" shall be deemed to be amended accordingly. ARTICLE VI IMPACT FEES 6.01 Initiation of Fees. At such time as City water or wastewater meters are installed to provide service to the Development pursuant to this Agreement, Owner shall be responsible for paying to the City all Impact Fees for each new or enlarged water and wastewater connection within the Development, based upon the size of the retail water meter. 6.02 Quarterly Payments. Payment of Impact Fees under this Article VI shall be sent to the City within 30 days of the close of each quarter of the year, beginning with the quarter ending March 30, 2006. Such quarterly payments shall include Impact Fees for each new or enlarged connection for water and/or wastewater service for which application has been made within the Development during the preceding quarter of the year. 6.03 Reporting Requirements. Owner, Aqua Utilities and the District shall provide to the City such information that relates to the making of new and/or enlarged connections within the Development as may be requested by the Director, including information required to be provided by the Agreement for Sale of Treated Water and the Agreement for Wastewater Service. ARTICLE VII PURCHASE OF FACILITIES 7.01 Transfer of Retail Water or Wastewater Services. Pursuant to its CCN No. 11157, Aqua Utilities shall have the right and obligation to provide retail water service to the Development; however, at any time after (a) 17 years after the Effective Date or (b) fifteen (15) years after the Effective Date, if the City annexes the Development between fifteen (15) and seventeen (17) years after the Effective Date or(c) at an earlier date if agreed by Aqua Utilities, the City may in its sole discretion seek to become the retail provider of water and/or wastewater service to the Development. To effectuate the transfer of retail water or wastewater service from Aqua Utilities to the City,the Parties will enter into the Buy-Out Contract attached as Exhibit G. Aqua Utilities, Owner, and the District agree not to contest any applications filed by the City at the TCEQ for a new or amended water and/or wastewater CCN to effectuate the transfer of retail water and/or wastewater service rights for the Development to the City, and finther agree that they shall cooperate and assist the City to the extent reasonably necessary in obtaining any regulatory approvals required to effectuate such transfer of water or wastewater utility service rights from Aqua Utilities to the City. 7.02 Lease Termination. Any District lease covering all or any part of the Infrastructure shall terminate upon transfer of any Infrastructure covered by such lease to the City pursuant to the Buy-Out Contract, and each such lease shall contain a provision expressly Superseding Agreement Regarding Water and Wastewater Utility Service Page 10 providing for such termination. Likewise, upon transfer of any Infrastructure pursuant to the Buy-Out Contract, Aqua Utilities shall not have any obligations of any kind whatsoever to provide water or wastewater service to the Development and the"Agreement for Sale of Treated Water by and between the City and Aqua Utilities"pursuant to Section 4.01 and the "Agreement for Wastewater Service by and between the City and Aqua Utilities" pursuant to Section 4.02 shall terminate in accordance with their terms. 7.03 Effect of Transfer. Once the City becomes the retail provider of water and/or wastewater service to the Development, Aqua Utilities will cease providing water and/or wastewater utility service to that area, and the City shall have no further obligations to Aqua Utilities or Owner with regard to the costs, operation, equipment removal or site restoration of Aqua Utilities' water and/or wastewater system operations at the Development, or any portion of the Development that may have been served by such facilities. All costs of dismantling, decommissioning and removal of the then-existing water and/or wastewater system facilities not utilized by the City shall be borne by the owner of such facilities. 7.04 Utility Service Plans and Prior Contractual Commitments. The City agrees not to contest the Denton-Wise County CCN Area identified in Exhibit D so long as Aqua Utilities submits water and wastewater utility service plans to the City for its review and approval for those Denton-Wise County CCN areas within the City's ETJ. To obtain the City's approval, the plans must show that the water and wastewater service facilities will meet all City Utility Standards, except to the extent Aqua Utilities has a contractual commitment dated January 16, 2004 or earlier calling for or allowing water or wastewater utility Infrastructure that does not comply with City Utility Standards ("Prior Contractual Commitment"). Exhibit H attached hereto identifies all developments within the Denton-Wise County CCN Area for which Aqua Utilities has a contractual commitment dated January 16, 2004 or earlier calling for or allowing water or wastewater utility Infrastructure that does not comply with City Utility Standards. Aqua Utilities has identified the locations of the developments identified in Exhibit H on Exhibit H-1 attached hereto. As development occurs, and at the time that Aqua Utilities submits each of Exhibit H subdivision water and wastewater utility service plan to the City for its review and approval, Aqua Utilities also will demonstrate to the City the existence of the Prior Contractual Commitment for that subdivision. The City reserves its right to protest any new developments within the Denton-Wise County CCN Area within the City's ETJ that do not conform to City- approved water and wastewater utility service plans. 7.05 Service to Walsh Ranch. Aqua Utilities, Owner and the District agree not to protest any water or wastewater CCN application, or any sale-transfer-merger application, filed by the City to serve the area west of the existing City limits known as Walsh Ranch in Tarrant and Parker Counties as identified in Exhibit I to this Agreement. Aqua Utilities and Owner further agree not to serve areas which will be served by the main water or wastewater lines connecting the area known as Walsh Ranch to the City's water or wastewater systems. Superseding Agreement Regarding Water and Wastewater Utility Service Page l 1 ARTICLE VIII INDEMNIFICATION 8.01 Indemnity. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AQUA UTILITIES, THE DISTRICT, AND OWNER AGREE TO INDEMNIFY AND DEFEND THE CITY, ITS OFFICERS, ELECTED OFFICIALS, EMPLOYEES, AGENTS, ATTORNEYS, CONSULTANTS, CONTRACTORS, SUCCESSORS AND ASSIGNS (COLLECTIVELY, "INDEMNITEES") WITH REGARD TO ANY AND ALL CLAIMS, LOSSES, DAMAGES, LIABILITIES, LIENS, FINES, SUITS, JUDGMENTS, ADMINISTRATIVE PROCEEDINGS, REMEDIATION OR CORRECTIVE ACTION REQUIREMENTS, ENFORCEMENT ACTIONS, AND ALL COSTS AND EXPENSES INCURRED IN CONNECTION THEREWITH (INCLUDING, BUT NOT LIMITED TO, ATTORNEYS' FEES, COSTS OF INVESTIGATION AND EXPENSES, INCLUDING THOSE INCURRED BY CITY IN ENFORCING THIS INDEMNITY), DIRECTLY OR INDIRECTLY ARISING OUT OF, CAUSED BY OR RESULTING FROM(IN WHOLE OR IN PART) ANY BREACH OF THIS AGREEMENT OR ANY CONSTRUCTION, OPERATION, OR MAINTENANCE OF THE INFRASTRUCTURE, (COLLECTIVELY, "LIABILITIES"), EVEN IF SUCH LIABILITIES ARISE FROM OR ARE ATTRIBUTED TO STRICT LIABILITY OR TO THE SOLE OR CONCURRENT NEGLIGENCE OF ANY INDEMNITEE. 8.02 Insurance and Indemnityby Contractors. If any Party engages a Contractor to construct, reconstruct, repair or maintain Infrastructure, such Party shall include in the contract requirements that the Contractor must provide adequate insurance protecting the City as an additional insured. Such contract must also provide that the Contractor covenant to indemnify,hold harmless and defend the City against any and all suits or claims for damages of any nature arising out of the performance of such contract, even if such Liabilities arise from or are attributed to strict liability or to the sole or concurrent negligence of any Indemnitee. ARTICLE IX MISCELLANEOUS 9.01 Governing Law; Jurisdiction and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARR.ANT COUNTY, AND HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 9.02 Conspicuous Provisions. The City, Aqua Utilities, the District, and Owner acknowledge that the provisions of this Agreement set out in bold, CAPITALS (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 9.03 Notice. Any notices, approvals, or other communications required to be given by one Party to another under this Agreement(a"Notice") shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (a)when the Notice is delivered in person to the person to whose attention the Notice is addressed; (b) when received Superseding Agreement Regarding Water and Wastewater Utility Service Page 12 if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (c) when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; or (d) five business days after the Notice is sent by FAX (with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday, the applicable period for calculating the Notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this section. To the City: City of Fort Worth, Texas Attn: City Secretary 1000 Throckmorton Street Fort Worth, Texas 76102 FAX: (817) 392-6196 City of Fort Worth, Texas Attn: City Manager 1000 Throckmorton Street Fort Worth, Texas 76102 FAX: (817) 392-6134 City of Fort Worth, Texas Attn: Water Director 1000 Throckmorton Street Fort Worth, Texas 76102 FAX: (817) 392-2398 To the District: Fort Worth Municipal Utility District No. 1 of Denton County c/o: Coats Rose Attn: Timothy G. Green 3 Greenway Plaza, Suite 2000 Houston, TX 77046 FAX: 713-890-3924 Superseding Agreement Regarding Water and Wastewater Utility Service Page 13 To Owner: Aperion Communities, LLLP Attn: Mr. Gary Lane 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 FAX: 480-951-8414 Eladio Properties, LLLP Attn: Mr. Gary Lane 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 FAX: 480-951-8414 Drooy Properties, LLLP Attn: Mr. Gary Lane 7835 East Redfield Road, Suite 100 Scottsdale,Arizona 85260 FAX: 480-951-8414 To Aqua Utilities: 1421 Wells Branch Pkwy., Ste. 105 Pflugerville, TX 78660 Attn: Vice President FAX: (512) 989-9891 762 West Lancaster Ave. Bryn Mawr,Pennsylvania 19010 Attn: Chief Legal Officer FAX: (610) 520-9127 9.04 City Consent and Approval. In any provision of this Agreement that provides for the consent or approval of the City staff or City Council, such consent or approval may be withheld or conditioned by the staff or City Council at its sole discretion. 9.05 Assignment. (a) Neither the District nor the City may assign this Agreement without the written consent of the other Parties. (b) Aqua Utilities may not assign this Agreement without the prior written consent of the City; provided, however, that Aqua Utilities' rights hereunder may be assigned or transferred upon Notice, but without the City's consent to (i) any subsidiary or affiliate of Aqua Utilities (i.e., any entity with respect to which 50% or more of the voting and economic interests are owned by Aqua Utilities or its parent) so long as Superseding Agreement Regarding Water and Wastewater Utility Service Page 14 Aqua Utilities shall remain liable to the City for any and all liabilities or obligations arising out of this Agreement, or (ii)to any entity acquiring all or substantially all of the assets or common stock of Aqua Utilities. Any assignee must assume all obligations of Aqua Utilities and any liability that may result from acts or omissions by assignee under this Agreement that may arise or accrue from and after the effective date of the assignment. If this Agreement is assigned to any entity by Aqua Utilities, then the Buy-Out Contract must be assigned at the same time and to the same extent as this Agreement. (c) Owner has the right, from time to time, to assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of Owner under this Agreement, to the District (after the District Confirmation Date) and to any person or entity (an "Assignee") without the consent of the City, provided that the following conditions are satisfied: (i) if not the District, Assignee is a successor owner of all or any part of the Development or is a lender to a successor owner of all or any part of the Development; (ii) if not the District, Assignee has a contractual right to be reimbursed for water, sewer, or drainage improvements and/or the Road Project from District Bonds (or has a lien or other security interest in such reimbursements); (iii)the assignment is in writing executed by Owner and Assignee in the form of assignment attached as Exhibit J; (iv) Assignee expressly assumes in the assignment any assigned obligations and expressly agrees in the assignment to observe, perform, and be bound by this Agreement to the extent this Agreement relates to the obligations, rights, titles, or interests assigned; and (v) a copy of the executed assignment is provided to all Parties within 15 days after execution. Provided the foregoing conditions are satisfied, from and after the date the assignment is executed by Owner and Assignee, the City agrees to look solely to Assignee for the performance of all obligations assigned to Assignee and agrees that Owner shall be released from performing the assigned obligations and from any liability that results from the Assignee's failure to perform the assigned obligations. No assignment by Owner shall release Owner from any liability that resulted from an act or omission by Owner that occurred prior to the effective date of the assignment. Owner shall maintain written records of all assignments made by Owner (including, for each Assignee, the Notice information required by this Agreement, and including a copy of each executed assignment) and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. It is specifically intended that this Agreement, and all terms, conditions and covenants herein, shall survive a transfer, conveyance, or assignment occasioned by the exercise of foreclosure of lien rights by a creditor or a Party, whether judicial or non judicial. This Agreement shall be binding upon and insure to the benefit of the Parties and their respective successors and Assignee. Notwithstanding the foregoing, however, Owner shall not have the right to assign this Agreement, or any right, title, or interest of Owner under this Agreement, until the District has become a Party. 9.06 No Third Party Beneficiary. This Agreement is solely for the benefit of the Parties, and neither the City, the District, Aqua Utilities nor Owner intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit upon Superseding Agreement Regarding Water and Wastewater Utility Service Page 15 or enforceable rights under this Agreement or otherwise upon anyone other than the City, the District, Aqua Utilities and Owner. 9.07 Amendment. This Agreement may be amended only with the written consent of all Parties and with approval of the governing body of the City. 9.08 No Waiver. Any failure by a Party to insist upon strict performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 9.09 Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the Parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the provision so severed. 9.10 Ca tions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of the Agreement. 9.11 Interpretation. The Parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 9.12 Section 13.248 Agreement. The Parties agree that the designation under this Agreement of areas and customers to be served by water and wastewater utility providers is valid and enforceable and may be submitted to the TCEQ for approval at the appropriate time pursuant to Section 13.248 of the Texas Water Code regarding contracts designating areas to be served by retail public utilities. 9.13 No Joint Venture. No provision of this Agreement shall be construed to create any type of joint or equity ownership of any property or any partnership or joint venture. By Superseding Agreement Regarding Water and Wastewater Utility Service Page 16 entering into this agreement, the City has no obligation to provide water or wastewater treatment services to any area within Tradition or any other area in the CCN except the services to the Development as set forth in this Agreement. 9.14 Counterpart Originals. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original. 9.15 Effect of Agreement. This Agreement supersedes any prior understandings or written or oral agreements among the Parties and their affiliates, including without limitation Recorp Partners, Ltd., concerning the subject matter hereof and the Original Utility Service Agreement is hereby terminated as of the Effective Date of this Agreement. 9.16 Incorporation of Exhibits by Reference. All exhibits attached to this Agreement are incorporated into this Agreement by reference for the purposes set forth herein, as follows: Exhibit A Map of Tradition showing the Development Exhibit B Legal description of the Development Exhibit C Legal description of Tradition Exhibit D Map of "Denton&Wise County CCN Area" Exhibit E Agreement for Sale of Treated Water Exhibit F Agreement for Wastewater Service Exhibit G Buy-Out Contract Exhibit H List of developments with a Prior Contractual Commitment Exhibit H-1 Map of developments within the Denton-Wise County CCN Area with a Prior Contractual Commitment pursuant to Section 7.04 Exhibit I Map of the area west of the existing City limits known as Walsh Ranch in Tarrant and Parker Counties Exhibit J Assignment and Assumption Agreement 9.17 The Effective Date of this Agreement is , 2005. ATTEST: CITY OF FORT WORTH By: Marty Hendrix City Secretary (print name) Title: APPROVED AS TO FORM AND LEGALITY: Assistant City Attorney Superseding Agreement Regarding omcli l HC O I"D Water and Wastewater Utility Service a c, Pae 17 ATTEST: AQUA UTILITIES, INC. By: Corporate Secretary (print name) Title: APERION COMMUNITIES, LLLP By: David P. Maniatis, General Partner ELADIO PROPERTIES LLLP By: David P. Maniatis, General Partner DROOY PROPERTIES, LLLP By: David P. Maniatis, General Partner ATTEST: FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY By: (print name) Title: Superseding;Agreement Regarding { Water and Wastewater Utility Service Page 18 Exhibit A Map of Tradition Showing the Development Exhibit A to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 . a M L�15 , s i x L r k Mi x Y , k• y r d .. u o-� .. v F�. p �- � k _ " ^ a �y , W _ — {": ' rd Af or m - y_ , ,t i C u3 , v THENCE S OOE07'20" E along the east line of said Aperion Tract One-A and the west line of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47EI5'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No.114; THENCE S 89E4736" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N 00E V12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOEI I'l2" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land, more or less. Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- Exhibit B to Superseding Agreement Regarding Water and Wastewater Utility Service Page 2 Exhibit B Legal description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89E3959" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E, a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52E34'22" E, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44E08'03" E, a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65E58'36" E, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; Exhibit B to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE0709" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land, more or less. Exhibit Bto Superseding Agreement Regarding yQ^ !o h Water and Wastewater Utility Service �gg9 tl ll rye Q' U. Page 3 Exhibit C Legal Description of Tradition BEING 2,663.040 total acres of land described in three tracts in the G. Cardinas Survey, Abstract No. 214, the James Chesier Survey, Abstract No. 225, the W.D. Reed Survey, Abstract No. 1125, the W.C. Brookfield Survey, Abstract No. 34, and the W.A. Ferris Survey, Abstract No. 419 situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B), that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT, that tract conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2003-190652 RPRDCT (Aperion Tract Two), that tract conveyed to Trail Creek Acres, Inc. by deed recorded in Volume 1912, Page 979 RPRDCT, that tract recorded in Volume 5128, Page 3102 RPRDCT, and that tract recorded in Volume 5119,Page 715 RPRDCT and being more particularly described as follows: TRACT 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1397.33 feet to a capped 1/2" iron pin set, said capped iron pin set also being on the west line of said Nancy Reynolds Talley, et al tract; THENCE N 57E46'29" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, the east line of a tract conveyed to Peggy Jeannine Eaton and Betty Marie McIntyre by deed recorded under County Clerk's File No. 2003-203215 and the west line of said Nancy Reynolds Talley, et al tract, a distance of 253.45 feet to a 1/2" iron pin found; THENCE N OOE21'32" E along the east line of said Peggy Jeannine Eaton and Betty Marie Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 McIntyre tract and the west line of said Nancy Reynolds Talley, et al tract, a distance of 1364.27 feet to a railroad spike found, said railroad spike also being on a west line of said Aperion Tract One-A, said railroad spike also being in Sam Reynolds Road; THENCE N OOE12'20" W along the east line of said Peggy Jeannine Eaton and Betty Marie McIntyre tract and the west line of said Aperion Tract One-A and in Sam Reynolds Road, a distance of 2791.88 feet to a railroad spike found; THENCE S 89E52'16" W along the north line of said Peggy Jeannine Eaton and Betty Marie McIntyre tract and the west line of said Aperion Tract One-A and in Sam Reynolds Road, a distance of 1909.29 feet to a 5/8" iron pin found, said iron pin also being on the east line of Indian Trails Phase 1, an addition to Denton County, Texas as recorded in Cabinet G, Page 311 of the Plat Records of Denton County, Texas (PRDCT); THENCE N 00E09'l5" W along the west line of said Aperion Tract One-A, the east line of said Indian Trails Phase 1, the east line of a tract conveyed to Avondale Ranch by deed recorded in Volume 5289, Page 4253 RPRDCT and in Sam Reynolds Road, a distance of 1437.47 feet to a 60d nail in asphalt found, said 60d nail also being the southwest comer of a tract conveyed to Milton High by deed recorded in Volume 501,Page 248 RPRDCT; THENCE N 76E15'28" E along the west line of said Aperion Tract One-A and the south line of said High tract, a distance of 381.87 feet to a 1/2" iron pin found; THENCE N OOE18'58" W along the west line of said Aperion Tract One-A and the east line of said High tract, a distance of 307.76 feet to a 1/2" iron pin found; THENCE S 89E55'09" W along the west line of said Aperion Tract One-A and the north line of said High tract, a distance of 370.41 feet to a 60d nail found, said 60d nail also being on the east line of said Avondale Ranch tract and in Sam Reynolds Road; THENCE N OOE12'09" W along the west line of said Aperion Tract One-A, the east line of said Avondale Ranch tract, the east line of a tract conveyed to W.E. Wilkerson by deed recorded in Volume 960, Page 35 RPRDCT, the east line of a tract conveyed to Edward Zelnik, et ux Janet by deed recorded in Volume 4062, Page 1905 RPRDCT, the east line of a tract conveyed to J. Lloyd Barksdale, et ux Dorthy by deed recorded in Volume 829, Page 271 RPRDCT, the east line of a tract conveyed to J. Lloyd Barksdale, et ux Dorthy by deed recorded in Volume 829, Page 275 RPRDCT, the east line of a tract conveyed to Gary Lynn Barksdale, et ux Toni Gayle by deed recorded in Volume 1545, Page 427 RPRDCT, the east line of a tract conveyed to Bobby J. Henry by deed recorded in Volume 5028, Page 3683 RPRDCT, and in Sara Reynolds Road, a distance of 3495.34 feet to a railroad spike found, said railroad spike also being on the south line of a tract conveyed to Margaret DiNapoli, et al, by deed recorded in Volume 4522, Page 2063 RPRDCT; Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 2 THENCE S 89E57'51" E along the west line of said Aperion Tract One-A and the south line of said Margaret DiNapoli, et al tract, a distance of 509.83 feet to a 5/8" iron pin found, said iron pin also being on the west line of a tract conveyed to Archie Eddleman by deed recorded in Volume 2322, Page 824 RPRDCT; THENCE S OOE 14'31" E along the west line of said Aperion Tract One-A and the west line of said Eddleman tract, a distance of 226.43 feet to a 1/2" iron pin found; THENCE N 89EO5'10" E along the west line of said Aperion Tract One-A and the south line of said Eddleman tract, a distance of 870.61 feet to a 5/8" iron pin found, said iron pin also being the southwest corner of a tract conveyed to Ricky Iverson by deed recorded in Volume 4718, Page 362 RPRDCT; THENCE N 88E48'54" E along the west line of said Aperion Tract One-A and the south line of said Iverson tract and the south line of a tract conveyed to Carol Theis by deed recorded in Volume 1038, Page 887 RPRDCT, a distance of 1598.77 feet to a 1/2" iron pin found; THENCE N OOE24'54" W along the west line of said Aperion Tract One-A and the east line of said Theis tract and the east line of a tract conveyed to S.R. Harper by deed recorded in Volume 1726, Page 31 RPRDCT, a distance of 907.14 feet to a 1/2" iron pin found, said iron pin also being the southeast corner of a tract conveyed to Roy Chastain by Contract of Sale recorded under County Clerk's File No. 97-ROO21328 RPRDCT; THENCE N OOE43'24" W along the west line of said Aperion Tract One-A and the east line of said Chastain tract, a distance of 423.43 feet to a 1/2" iron pin found, said iron pin also being the southeast corner of said Aperion Tract Two; THENCE S 88E53'01" W along the south line of said Aperion Tract Two and the north line of said Chastain tract, a distance of 1193.21 feet to a capped 1/2" iron pin found, said iron pin also being on the east line of a tract conveyed to Wayne Harris by deed recorded in Volume 976, Page 42 RPRDCT; THENCE N OOE35'15" W along the west line of said Aperion Tract Two and the east line of said Harris tract, the east line of a tract conveyed to John McCurry by deed recorded in Volume 971, Page 697 RPRDCT, the east line of a tract conveyed to Samuel Haynes by deed recorded in Volume 962, Page 43 RPRDCT, and the east line of a tract conveyed to Howell Choate by deed recorded in Volume 924,Page 921 RPRDCT, a distance of 2336.13 feet to a 1/2" iron pin found, said iron pin also being the southwest corner of a tract conveyed to The Pennington Family Trust by deed recorded in Volume 4833, Page 525 RPRDCT; THENCE S 88EO3'05" E along the north line of said Aperion Tract Two and the south line of said Pennington Family Trust tract recorded in Volume 4833, Page 525 RPRDCT, a distance of 1190.05 feet to a 1/2" iron pin found, said iron pin also being on the north line of Aperion Tract Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 3 One-A; THENCE N 89E00'24" E along the north line of said Aperion Tract One-A, the south line of said Pennington Family Trust tract recorded in Volume 4833, Page 525 RPRDCT and the south line of a tract conveyed to The Pennington Family Trust by deed recorded in Volume 4833, Page 521 RPRDCT, a distance of 1146.79 feet to a 1/2" iron pin found, said iron pin also being on the southerly right-of-way line of Farm-to-Market Road No.407 (F.M. 407) (90'ROW); THENCE S 50E10'01" E along the north line of said Aperion Tract One-A and the southerly right-of-way line of F.M. 407, a distance of 682.19 feet to a capped 1/2" iron pin set, said iron pin also being the Point of Curvature of a circular curve to the left having a radius of 617.96 feet, a central angle of 39E44'46" and being subtended by a chord which bears S 70E02'24" E , 420.13 feet; THENCE along said curve to the left and the north line of said Aperion Tract One-A and the southerly right-of-way line of F.M. 407, a distance of 428.68 feet to a capped 1/2" iron pin set; THENCE S 89E54'47" E tangent to said curve and along the north line of said Aperion Tract One-A and the southerly right-of-way line of F.M. 407, a distance of 1464.51 feet to a 1/2" iron pin found, said iron pin also being the Point of Curvature of a circular curve to the left having a radius of 617.96 feet, a central angle of 45E20'00" and being subtended by a chord which bears N 67E25'13" E, 476.29 feet; THENCE along said curve to the left and the north line of said Aperion Tract One-A and the southerly right-of-way line of F.M. 407, a distance of 488.94 feet to a capped 1/2" iron pin set; THENCE N 44E45'13" E tangent to said curve and along the north line of said Aperion Tract One-A,the north line of a tract conveyed to Trail Creek Acres, Inc. by deed recorded in Volume 1912, Page 979 RPRDCT and the southerly right-of-way line of F.M. 407, a distance of 225.73 feet to a capped 1/2" iron pin set, said iron pin also being the Point of Curvature of a circular curve to the right having a radius of 527.96 feet, a central angle of 44E35'06" and being subtended by a chord which bears N 67E02'46"E ,400.55 feet; THENCE along said curve to the right and the north line of said Trail Creek Acres, Inc. tract and the southerly right-of-way line of F.M. 407, a distance of 410.84 feet to a capped 1/2" iron pin set; THENCE N 89E20'19" E tangent to said curve and along the north line of said Trail Creek Acres, Inc. tract and the southerly right-of-way line of F.M. 407, a distance of 1406.17 feet to a capped 1/2" iron pin set; THENCE N 89E26'19" E along the north line of said Trail Creek Acres, Inc. tract and the southerly right-of-way line of F.M. 407, a distance of 749.30 feet to a 1/2" iron pin found, said iron pin also being the northwest corner of a tract conveyed to Margaret DiNapoli, et al, by deed recorded in Volume 4522,Page 2063 RPRDCT; Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 4 THENCE S OOE08'41" E departing the southerly right-of-way line of F.M. 407 and along the east line of said Trail Creek Acres, Inc. tract, the west line of said Margaret DiNapoli, et al tract, and the west line of a tract conveyed to Olen N. Range, et ux, Myrtie by deed recorded in Volume 670, Page 29 RPRDCT, a distance of 3454.30 feet to a fence corner found; THENCE S 89EIO'l8" W along the south line of said Trail Creek Acres, Inc. tract,the north line of said Olen N. Range tract and the north line of a tract conveyed to Patricia Malloy by deed recorded in Volume 769, Page 965 RPRDCT, a distance of 2598.90 feet to a 1/2" iron pin found, said iron pin also being on the east line of said Aperion Tract One-A; THENCE S 88E57'42" W along the east line of said Aperion Tract One-A and the north line of said Patricia Malloy tract, a distance of 2342.10 feet to a 5/8" iron pin found; THENCE S OOE10'33" E along the east line of said Aperion Tract One-A and the west line of said Patricia Malloy tract, a distance of 3748.38 feet to a 5/8" iron pin found, said iron pin also being the northwest corner of Riggs Place, an addition to Denton County, Texas as recorded in Cabinet E, Page 359 PRDCT; THENCE S 00EIT37" E along the east line of said Aperion Tract One-A, the west line of said Riggs Place and the west line of a remainder tract conveyed to James Riggs, Jr., et ux Deborah, by deed recorded in Volume 870, Page 444 RPRDCT, a distance of 4211.11 feet to a 1/2" iron pin found, said iron pin also being in Sam Reynolds Road; THENCE N 89E56'15" E along the east line of said Aperion Tract One-A, the south line of said James Riggs, Jr. remainder tract, the south line of said Riggs Place, the south line of Sunflower Meadows, an addition to Denton County, Texas as recorded in Cabinet O, Page 122 PRDCT, the south line of Sage Meadows, Phase One, an addition to Denton County, Texas as recorded in Cabinet M, Page 208 PRDCT; the south line of a tract conveyed to Locust Thorn, L.P., by deed recorded in Volume 4009, Page 321 RPRDCT, the south line of Foxbane Estates, an addition to Denton County, Texas as recorded in Cabinet H, Page 24 PRDCT and in Sam Reynolds Road, a distance of 3409.24 feet to a capped 1/2" iron pin set, said iron pin also being the original northwest corner of Peyton Place, Phase One, an addition to Denton County, Texas as recorded in Cabinet M,Page 266 PRDCT; THENCE S OOE 15'21" E along the east line of said Aperion Tract One-A, the west line of said Peyton Place, Phase One and the west line of Peyton Place, Phase Two, an addition to Denton County, Texas as recorded in Cabinet P, Page 50 PRDCT , a distance of 1482.19 feet to a 1/2" iron pin found, said iron pin also being the northeast corner of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT; THENCE S OOE03'07" E along the east line of said Ferbro Investments tract, a distance of 503.35 feet to a 1/2" iron pin found, said iron pin also being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; said iron pin also being the Point of Curvature of a non-tangent circular curve to the left having a radius of 5829.65 feet, a central angle of Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 5 19E1523" and being subtended by a chord which bears S 54E00'43" W, 1950.06 feet; THENCE along said curve to the left and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1959.27 feet to a 1/2" iron pin found; THENCE S 44E23'02" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 27.66 feet to a 5/8" iron pin found; THENCE N 45E36'58" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 50.00 feet to a 5/8" iron pin found; THENCE S 44E23'02" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 3702.51 feet to a 5/8" iron pin found; THENCE N 47E15'51" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of-way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 28 6.3 3 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N OOE11'12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S 00E 11'12" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 89,976,698 square feet or 2065.581 acres of land, more or less. Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 6 TRACT 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'3I" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. TRACT 3 BEING a 550.197 acre tract of land in the W.C. Brookfield Survey, Abstract No. 34, situated in Denton County, Texas and being that same tract of land as described in deeds recorded in Volume 5128, Page 3102 and Volume 5119, Page 715 of the Real Property Records of Denton County, Texas (RPRDCT) and being more particularly described as follows: BEGINNING at a point in the north line of F.M. 407 at the southeast corner of the herein described tract of land, said point lying in the west line of a tract of land as described in deed to Bill Pennington, recorded in Volume 572, Page 131, RPRDCT; THENCE along the north line of said F.M. 407, as follows: Northwesterly, along a curve to the left,having a radius point that bears S 18°06'28" W, 624.31 feet, an arc distance of 204.03 feet, a central angle of 18°43'31" and being subtended by a chord which bears N 819 5'18" W, 203.13 feet; S 89°22'57" W, a distance of 1876.49 feet; Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 7 S 89°18'36" W, a distance of 1931.01 feet; THENCE N 00°04'03" W, departing the north line of said F.M. 407, a distance of 2834.59 feet; THENCE N 00°00'51" E, a distance of 1161.59 feet; THENCE N 00004'13" E, a distance of 1244.99 feet to the northwest corner of the herein described tract of land; THENCE, being adjoined to the north by a tract of land as described in deed to Orville Rogers, recorded in Document No. 94-R0029773, RPRDCT, along the north line of the herein described tract of land, as follows: S 89°37'03" E, a distance of 5409.41 feet; S 00°32'35" W, a distance of 352.79 feet; N 89046'56" E, a distance of 651.45 feet; THENCE S 00044'37" E, being adjoined to the east by a tract of land as described in deed to Laura Carter Johnson, recorded in Volume 3038, Page 713, RPRDCT, a distance of 1372.47 feet; THENCE N 85016'40" W, a distance of 2099.00 feet; THENCE S 00024'45" E, being adjoined to the east by the aforementioned Pennington tract, a distance of 3642.68 feet to the POINT OF BEGINNING and containing 550.197 acres, more or less. The above described three tracts of land totaling 2663.040 acres of land,more or less. Exhibit C to Superseding Agreement Regarding Water and Wastewater Utility Service Page 8 Exhibit D Map of"Denton & Wise County CCN Area" Exhibit D to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 o ic c F.- ft) Z L ;M(ll ;;!,I =3 -z j is 44, 'R ; I L� : LL) .77 �41 Z . . -nf 44 4T ei, 471 i- Lm A.,4v ;.- • z,us Ilk, V.-Y.L ,X., 51 >1(.. -rw X" kil 7f_---� I,� r�r: //� _ o rk % E// �yrl t / )''{�,, -.•j"' t _�'x, Y?,�rk.�--i _,.,,� ,`� t h- 7 A.- r C) R.- -�f K CD Ef Z: LU CO U_ 'fill 0 ILL) 4-W H Lu cur Lu 'fill, ................... LU F TT, r E7 V-v ft... -7, ji ;Ar 44 4-1 yz Yzj 7 J[.' Al 4 C q -T r✓..1, .11 . 2�� :_J A. M .4 T v,T Jw Ail,A_J'1• Exhibit E Agreement for Sale of Treated Water Exhibit E to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 AGREEMENT FOR SALE OF TREATED RATER This Agreement for Sale of Treated Water ("Agreement's is entered into by and between Aqua Utilities, Inc., formerly known as Aqua Source Utility, Inc., a Texas corporation(and/or its corporate successors and assigns) ("Aqua Utilities") and the City of Fort Worth, a Texas home rule municipality(the ARTICLE I RECITALS A. Aqua Utilities wishes to provide retail water utility service to the land shown on Exhibit A and more particularly described in Exhibit B to this Agreement, and. consisting of approximately 431.303 acres in Denton County, Texas (the "Development', located entirely within the City's extraterritorial jurisdiction ("ETJ'�: B. The City and Aqua Utilities are parties to the"Superseding Agreement Regarding Water and Wastewater Utility Service," dated December 21, 2005, City Secretary Contract No. 32899, ("Superseding Utility Agreement'% which sets forth the rights and obligations of the parties to that agreement with respect to the provision of retail and wholesale water and wastewater service to the Development, and provides, among other things, for the City and Aqua Utilities to enter into a contract for the provision of wholesale water service to the Development. C. The Development is located within Certificate of Convenience and Necessity No. 11157 issued to Aqua Utilities by the Texas Commission on Environmental Quality, pursuant to which Aqua Utilities is to be the retail provider of a continuous and adequate supply of water to the Development. D. The City has obtained at its own expense, and now owns, operates and maintains facilities for processing and distributing a supply of surface water, and is authorized to furnish and deliver treated water, both inside and outside its corporate boundaries. E. Aqua Utilities has considered its various alternatives for obtaining a water supply for its retail water service to the Development under its CCN and has elected to seek to obtain water from the City. F. Aqua Utilities has independently obtained a water utility engineering study describing facilities and equipment needed for retail water service to the Development, including the Storage Tank. G. The City and Aqua Utilities have reached a mutually satisfactory agreement by which Aqua Utilities may purchase a supply of treated water from City to serve the Development. Agreement for Sale of Treated Water ^ C-,'�''�` a Cr=�o 1 � �if��� �f� �:�C�l�ll� Page 1 NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth,the Parties contract and agree as follows: ARTICLE H DEFINITIONS "Agreement" means this Agreement for Sale of Treated Water between the City and Aqua Utilities. "Annual Consumption" means the total quantity of waxer purchased under the terms of this Agreement by Aqua Utilities during the City's Fiscal Year as determined by the difference in the annual October Meter readings. "Aqua. Utilities"means Aqua Utilities, Inc., a Texas corporation (and/or its corporate successors and assigns). "Average Daily Use"means the total Annual Consumption divided by 365 days. " ff'means the City of Fort Worth, Texas, a home-rule municipality. "City Council"means the City Council of the City. "Cure Period"means the period of time to cure a material breach, as defined in Section 9.04. "Customer System" means all water mains and distribution facilities (whether owned by Aqua Utilities or third parties) within the Development and on Aqua Utilities' side of the Meter shown on Exhibit C,from and beyond the Point of Delivery of treated water by the City. "Development" means that certain 431.303-acre tract located in Denton County, Texas shown on Exhibit A and more particularly described in Exhibit B, which Development is located entirely within the ETJ of the City. "Director"means the City Water Department Director or designee. "Effective Date"means the effective date as defined in Section 9.03. "ETJ"means the extraterritorial jurisdiction of a city as defined by the Texas Local Government Code, as amended, with the City's ETJ being an unincorporated area presently extending five miles from the City's corporate limits, excluding other incorporated municipalities and their respective ETJs. "Fiscal Year"means the City's fiscal year from October 1 through September 30. "Fort Worth System"means the City's water treatment and distribution system. R Agreement for Sale of Treated Water Page 2 "Maximum Day Demand" means the maximum quantity of water used by Aqua Utilities during one calendar day of the City's Fiscal Year. "Maximum Hour Demand" means the maximum quantity of water used by Aqua Utilities during the one hour of the year that more water passed through the Meter serving Aqua Utilities than during any other hour of the City's Fiscal Year multiplied by 24 hours. "Metering Facilities" means all facilities associated with metering the water provided hereunder, excluding Meters, and including without limitation continuous flow chart recording devices and telemetering equipment connected with the City's SCADA control center. "Meter"means the six-inch(6')meter located at the Point of Delivery shown on Exhibit C. "MGD"means million gallons per day. "Notice"means notice as defined in Section 11.02 of this Agreement. "Parties" means, all of the City and Aqua Utilities, their successors and their assigns, as permitted by this Agreement. "RgIlf means, individually, the City or Aqua Utilities, their successors and their assigns, as permitted by this Agreement. "Point of Delivery" means the meter vault connection to Aqua Utilities' side of the Meter installed by Aqua Utilities in accordance with Article IV, as shown on Exhibit C. "Rate of Use Charge" means the charge determined for the Maximum Day Demand in excess of Average Daily Use and the Maximum Hour Demand in excess of Maximum Day Demand rates of use. "Raw Water Charge" means the rate per 1,000 gallons for out-of-district raw water charged to the City by the Tarrant Regional Water District, as such rate may be adjusted, plus eight percent (8%) of said rate,representing the City's system losses of four percent (4%), and the street rental charge of 4%. "Storage Tank"means the 600,000 gallon storage tank owned and/or operated by Aqua Utilities, as shown on Exhibit C. "Superseding Utility Aueement"means the agreement defined in Recital B. "System Cost" means the operating expense and capital related cost incurred by the City pursuant to the provision of water treatment and transmission to the wholesale class of water customers. Such costs are to be collected by the City as a component of the annual cost of providing wholesale water service. Agreement for Sale of Treated Water Page 3 "Temporary Emergency Condition" means a situation created by unforeseeable mechanical failure or by unprecedented high rate of water usage such as might result from a major fire or a major water main break. This term does not include events that are foreseeable or preventable by the exercise of due diligence. "Treatment. Pumping and Transmission Charge" means that part of the rate charged for 1,000 gallons used, regardless of rate of use. This charge shall include the maintenance and operation costs and the capital facilities cost on the part of the production and transmission system related to annual use. "Volume Charge" means the combined Treatment, Pumping and Transmission Charge and the Raw Water Charge. ARTICLE III WATER SUPPLY,USE AND STORAGE 3.01 Supply of Treated Water. The City agrees to furnish and sell to Aqua Utilities treated water of potable quality meeting all applicable governmental standards, delivered under the normal operating pressure prevailing in the Fort Worth System at the Point of Delivery. Aqua Utilities agrees to accept delivery under the conditions of this Agreement and to pay for such water in accordance with the terms herein. Aqua Utilities' sole connection to the Fort Worth System shall be at the Point of Delivery. 3.02 Rate of Withdrawal, Construction of Storage Tank and Pressure. The rate at which water is withdrawn from the Fort Worth System by Aqua Utilities shall be limited by system design based on a six-inch(6)Meter. Aqua Utilities shall install and maintain or cause to be installed and maintained a 600,000 gallon Storage Tank at the location shown on Exhibit C; all construction costs for the storage tank, including, but not limited to, site acquisition and preparation, design and engineering and rights-of-way, and all maintenance costs shall be paid by Aqua Utilities. In addition, Aqua Utilities shall maintain a minimum pressure of 35 pounds per square inch ("PSI') at the Meter. 3.03 Extension of Facilities. The City's water supply line is approximately 8,000 feet from the Development. In order for Aqua Utilities to receive treated water from the City pursuant to this Agreement, the City's water supply line will have to be extended to the Development. The City has no obligation to extend such line. 3.04 Backflow Prevention. Prior to the delivery of any water by the City pursuant to this Agreement, Aqua Utilities, at its sole expense, shall install and maintain a backflow prevention device approved by the Texas Commission on Environmental Quality immediately after the Meter on Aqua Utilities' side, as reflected in Exhibit C. 3.05 Sale and Use Within Development Only. Aqua Utilities may not sell or transfer any water furnished by the City under this Agreement to any connections or for any use outside of the Development, except that Aqua Utilities may (a) serve a maximum of 10 retail residential connections outside the Development with City's written consent and (b) serve outside the Agreement for Sale of Treated Water Page 4 Development as provided in Section 3.08. The City is under no obligation to sell or otherwise deliver any treated water to Aqua Utilities except pursuant to all of the terms and conditions this Agreement. 3.06 Tarrant Reizional Water District Contract. In accordance with the terms of City Secretary Contract No. 12720 between the City, City of Arlington, City of Mansfield, Trinity River Authority and the Tarrant County Water Control and Improvement District No. 1, a Water Control and Improvement District created under authority of Article XVI, Sec. 59 of the Texas Constitution and now named the Tarrant Regional Water District, this Agreement shall be deemed subordinate in all respects to the water requirements of the contracting parties as specified in Section 3 of that Contract No. 12720. 3.07 Conservation. If the City shall ration the use of water throughout its corporate limits or issue water conservation measures or restrict the use of waxer in any way,the City shall notify Aqua Utilities, who shall immediately impose and enforce the same rationing, conservation measures, or restrictions to the use of water within the Development 3.08 Delivery of Water by Aqua Utilities Outside the Development. At the request of the Director, Aqua Utilities agrees to furnish water to areas and premises situated adjacent to the Development and within the City's ETJ. The metered quantity of water used in such area each month by the City shall be the total of all individual customer meter readings. The metered quantity of such water furnished by Aqua Utilities to the City shall be deducted from the total quantity of water withdrawn from the Fort Worth System by Aqua Utilities before the charge for waxer service to Aqua Utilities is computed as provided in this Agreement. No adjustment will be made to the Rate of Use Charge for water furnished pursuant to this Section 3.08; however, at the option of Aqua Utilities or the City, a master meter may be installed where practicable at the City's expense to meter and deduct from the Rate of Use Charge calculation all water used by the City under the terms of this section. ARTICLE IV METER AND METERING FACILITIES 4.01 Construction and Title. All water furnished by the City under this Agreement shall be measured by a six-inch (6") Meter equipped with continuous flow, chart-recording devices, and telemetering equipment connected with the City's control center. Aqua Utilities shall construct and install or cause to be constructed and installed the Meter, Metering Facilities and appurtenances. All construction shall be in accordance with Article V of the Superseding Utility Agreement, which requires, among other things, that all construction of water infrastructure shall be in accordance with plans and specifications meeting City standards and shall be approved in advance by the City. All construction costs, including, but not limited to, site acquisition and preparation, design and engineering and rights-of-way, shall be paid for by Aqua Utilities. Upon acceptance of the Meter, Metering Facilities and appurtenances, the City shall own and have title to such equipment, along with the exclusive right to use, operate and maintain such equipment. Agreement for Sale of Treated water Page 5 4.02 Operation and Maintenance. Upon acceptance of the Meter, Metering Facilities and appurtenances, the City shall pay all costs associated with the operation and maintenance of such equipment and shall pay for the repair and replacement of such equipment as necessary, excluding upsizing of the Meter. Such costs, as well as charges for repair and replacement of the telelink line and microwave transmitter and the power to operate same, shall be a System Cost. The Meter will be properly sealed, and the seal shall not be broken unless representatives of both Parties have been notified and given a reasonable opportunity to be present. 4.03 Service and Calibration. City shall test for accuracy, and service and calibrate if necessary, the Meter no less than once during each twelve (12) month period. Copies of the results of such calibration and all related information shall be provided to Aqua Utilities. 4.04 Access to Facilities. Aqua Utilities shall have access to the Meter and Metering Facilities at all reasonable times; provided, however, that any reading, calibration or adjustment to such equipment shall be done by employees or agents of City, or other mutually approved third party calibration agent, in the presence of representatives of Aqua Utilities and City, if so requested by Aqua Utilities. The City shall notify Aqua Utilities at least seventy-two (72)hours in advance of the date and time for any calibration and Aqua Utilities may observe the calibration. 4.05 Corrections. Upon any calibration, if it is determined that the accuracy envelope of the Meter is found to be lower than ninety-five percent(95%) or higher than one hundred five percent (105%) expressed as a percentage of the full scale of the Meter, the registration of the flow as determined by the defective Meter shall be corrected for a period extending back to the time such inaccuracy began, if such time is ascertainable; or, if such time is not ascertainable, then for a period extending back one-half(1/2) of the time elapsed since the date of the last calibration,but in no event further back than a period of six (6)months. 4.06 Out of Service Meter. If the Meter used to determine the flow of treated water to Aqua Utilities is out of service or out of repair so that the amount of water metered cannot be ascertained or computed from the reading thereof, the water delivered during the period the Meter is out of service or out of repair shall be estimated upon the extrapolation of past patterns of flow for that Meter location under similar conditions. ARTICLE V METER READING,BILLING AND PAYMENT 5.01 Meter Readinje and Access. City will read the Meter at monthly intervals. City and Aqua Utilities shall have free access to read the Meter daily, if either so desires. It shall be the duty of City and Aqua Utilities to give immediate Notice, each to the other, should the Meter or Metering Facilities be found not functioning properly and, upon such Notice, City shall promptly repair such equipment. 5.02 Access to Records. All data obtained from Meter readings will be maintained by the City in its usual and customary manner. Aqua Utilities shall have access to such records during reasonable business hours and shall be furnished with monthly readings for the Meter. Agreement for Sale of Treated Water Page 6 5.03 Billing. Bills for water service shall be rendered to Aqua Utilities monthly by the City. All such bills shall be due and payable by Aqua Utilities not more than thirty(30) days from the billing date. The bills will show current charges, as well as past-due charges, if any. Past-due charges shall be the total amount unpaid from all prior billings as of the current billing date. Payments received by the City shall first be applied to the past-due charges, if any, and thereafter to the current charges. A review of water usage amounts by Aqua Utilities for the past twelve (12) months shall be made during the presentation of the October bill each year. The October statements shall be prepared so as to reflect any and all Rates of Use Charges that have not been previously billed and paid. A copy of the rate of flow charts or other records showing the Maximum Day Demand and the Peak Hour Rate of the year shall be furnished to Aqua Utilities with the October billing. 5.04 Di uses. If Aqua Utilities disputes a bill and is unable to resolve the difference informally, Aqua Utilities shall notify the Director in writing. The Director and Aqua Utilities shall use their best efforts to resolve the disputed bill; however, dispute of a bill is not grounds for non- payment. In the event a payment is not paid as specified in this Agreement, a finance charge of ten percent (10%) per annum will be calculated from the date which the payment was required to be made. ARTICLE VI OWNERSM,LIABILITY AND INDENMFICATION 6.01 Water Quality; Additional Water Sources. The City shall deliver water that meets all state and federal water quality requirements to the Point of Delivery. If Aqua Utilities obtains water from any source other than the City, the City makes no representation that the treated water to be delivered to Aqua Utilities will properly mix with water that Aqua Utilities obtains from other sources. Aqua Utilities assumes all responsibility and liability for any combining or mixing of water delivered by the City that is combined or mixed with water from Aqua Utilities' other sources. The City's sole responsibility is to provide to Aqua Utilities water of a quality that meets state and federal drinking water standards at the Point of Delivery. From the Point of Delivery on, Aqua Utilities is solely responsible for meeting state and federal drinking water quality standards. Aqua Utilities shall notify the Director in writing before obtaining water for the Development from any source other than the City. 6.02 Liability and Ownership. Ownership of and liability for the water shall remain with the City until the water passes through the Point of Delivery. Aqua Utilities assumes all liability and responsibility for, together with ownership of, the water after it passes through the Point of Delivery, including but not limited to liability for mixing, transportation and quality of water. In addition, repair and maintenance of the Customer System shall be Aqua Utilities' responsibility and the City has no liability or responsibility for maintenance and operation of the Customer System. No provision of this Agreement shall be construed to create any type of joint or equity ownership of any property or any partnership or joint venture, and Aqua Utilities' payments (whether past, present, or future) shall not be construed as granting Aqua Utilities partial ownership of,pre-paid capacity in, or equity in the Fort Worth System. Agreement for Sale of Treated Water Page 7 6.03 Indemnity. To THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AQUA UTILITIES AGREES TO INDEMNIFY AND DEFEND THE CITY, ITS OFFICERS, ELECTED OFFICIALS, EMPLOYEES, AGENTS, ATTORNEYS, CONSULTANTS, CONTRACTORS, SUCCESSORS AND ASSIGNS (COLLECTIVELY, "INDEMNITEES") WITH REGARD TO ANY AND ALL CLAIMS, LOSSES, DAMAGES, LIABILITIES, LIENS, FINES, SUITS, JUDGMENTS, ADMINISTRATIVE PROCEEDINGS, REMEDIATION OR CORRECTIVE ACTION REQUIREMENTS, ENFORCEMENT ACTIONS, AND ALL COSTS AND EXPENSES INCURRED IN CONNECTION THEREWITH (INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEYS' FEES, COSTS OF INVESTIGATION AND EXPENSES, INCLUDING THOSE INCURRED BY CITY IN ENFORCING THIS INDEMNITY), DIRECTLY OR INDIRECTLY ARISING OUT OF, CAUSED BY OR RESULTING FROM (IN WHOLE OR IN PART) ANY BREACH OF THIS AGREEMENT OR ANY CONNECTION OF THE CUSTOMER SYSTEM TO THE FORT WORTH SYSTEM (COLLECTIVELY, "LIABILITIES"), EVEN IF SUCH LIABILITIES ARISE FROM OR ARE ATTRIBUTED TO STRICT LIABILITY OR TO THE SOLE OR CONCURRENT NEGLIGENCE OF ANY INDEMNITEE. ARTICLE VII REPORTS AND AUDIT 7.01 Required Records. Aqua Utilities shall provide the following data to the City upon 30 days Notice: A. Actual number of customer accounts consuming directly or indirectly from the Customer System; B. Classification of domestic and nondomestic accounts within the Development by number and percentage of accounts consuming directly or indirectly from Customer System; and C. Aqua Utilities' water usage from all sources other than the Fort Worth System, including, but not limited to, ground water, other surface water, and water supply agreements with other entities. 7.02 Inspection and Audit. The City and Aqua Utilities shall maintain all records and accounts related to this Agreement for a period of five (5) years. Each Party shall at all times, upon Notice, have the right at reasonable times to examine and inspect said records and accounts during normal business hours; and finther, if required by any law, rule or regulation, make said records and accounts available to federal and/or state auditors. ARTICLE VIII RATES AND CHARGES 8.01 Rates Charged Pursuant to this Agreement The Parties agree that the rates charged pursuant to this Agreement will be calculated using the methodology set forth in Exhibit D. which also serves as the basis for the wholesale water rates that the City charges to each municipality that is a wholesale water customer of the City,pursuant to each of their separate contracts. The majority of the City's contracts with its municipal wholesale customers will expire in 2010 and the City Agreement for Sale of Treated Water Page 8 expects to enter into negotiations for new wholesale contracts with such customers. The City shall provide Aqua Utilities at least ten (10) days prior Notice of the commencement of the negotiations between the City and the Water System Advisory Committee. If this Agreement is renewed pursuant to Section 9.02(A), and if the renegotiated contracts with the City's wholesale customers who are municipalities include a rate methodology that differs from Exhibit D,then Aqua Utilities and the City expressly understand and agree that for the renewal term of this Agreement the rate methodology described in Exhibit D will be automatically superceded and replaced with a new Exhibit D that adopts the same rate methodology used to calculate the rates for those wholesale customers of the City who are municipalities, and such Exhibit D will then be used to calculate rates charged pursuant to this Agreement. 8.02 Initial Rate. The initial rates for this Agreement shall be those adopted by the City Council and effective on October 1,2005,which are as follows: Treatment,Pumping and $0.6829 per 1,000 gallons Transmission Charge withdrawn by Aqua Utilities Raw Water Charge $0.6775 per 1,000 gallons Annual charge per MGD of $104,348 per MGD Maximum Day Demand in excess of Average Daily Use Maximum Hour Demand in excess $27,043 per MGD of the Maximum Day Demand Service Charge $25.00 per month per meter 8.03 Annual Payment The annual payment to the City for water used by Aqua Utilities will be computed based on all water delivered by the City to Aqua Utilities during the current Fiscal Year using rates charged pursuant to this Agreement. For purposes of calculating the annual payment,the current year will be the Fiscal Year during which the water usage occurred. However, the minimum annual payment will be the greater of the following: (a) The charges calculated by applying the current Volume Charge to Annual Consumption, the appropriate Meter reading and billing charge, and the Rate of Use Charge for the current Fiscal Year; or (b) The current Fiscal Year Volume Charge, the appropriate Meter reading and billing charge, and the current Fiscal Year Rate of Use Charge applied to the average of the Maximum Day Demand above Average Daily Use and the average of the Maximum Hour Demand above Maximum Day Demand for the most recently completed three Fiscal Years. The most recently completed three Fiscal Years will include the current Fiscal Year;or (c) Twelve thousand dollars($12,000). Agreement for Sale of Treated Water Page 9 8.04 Monthly P@ meat. Except as provided for in Section 8.05 below, the monthly payment will be the greater of either one thousand dollars ($1,000) or a sum equal to the Volume Charge for the actual volume of water taken plus one twelfth(1/12)of the sum of the estimated Rate of Use Charges and the appropriate Fiscal Year charges for meter reading and billing. For purposes of estimating the rate of use payments, the current Fiscal Year Rate of Use Charges will be applied to the prior Fiscal Year's Maximum Day Demand, Maximum Hour Demand and Average Daily Use. 8.05 Adiustment of Rates. Aqua Utilities agrees that the City shall have the right to unilaterally adjust the rates charged for the water services provided pursuant to this Agreement, from time to time, so long as the adjustment is based on the agreed methodology set forth Exhibit D and in effect pursuant to Section 8.01, and otherwise in compliance with this Agreement. Aqua Utilities' agreement that the City has the right to unilaterally adjust the rates charged pursuant to this Agreement is an essential part of the consideration given by Aqua Utilities in exchange for the City's entering into this Agreement to provide wholesale water service to the Development, which is in the City's ETJ and in Aqua Utilities' CCN, and without which consideration the City would not have provided wholesale water service to Aqua Utilities, either by entering into this Agreement or otherwise. Furthermore, in exchange for the City's right to unilaterally adjust the rates charged hereunder, in addition to other rights under this Agreement, should Aqua Utilities object to any unilateral rate adjustment, Aqua Utilities shall have the right to terminate this Agreement with one year's Notice and the following rate relief. Upon any rate adjustment pursuant to this Article VIII and Exhibit D,Aqua Utilities has the following options: A. Agree to pay the adjusted rate; or B. Give Notice (i) that it wishes to terminate this Agreement one year after the effective date of the proposed rate adjustment and (ii) that it rejects the rate change, in which case the City will continue to charge Aqua Utilities the contract rates that were in effect immediately prior to the proposed rate adjustment. If Aqua Utilities elects to terminate this Agreement under this Section 8.05, then the Agreement will expire at the earlier of the one-year Notice period or the Section 9.01 expiration date. If Aqua Utilities continues to accept delivery of treated water and has not disconnected the Customer System from the Fort Worth System on the date this Agreement is to expire pursuant to this Section 8.05, then the Agreement shall not expire pursuant to this Section 8.05 and Aqua Utilities shall immediately pay the City the difference between the amount that would have been charged pursuant to this Agreement under the rate Aqua Utilities rejected, and the amount actually charged to Aqua Utilities during the preceding year, with interest, and subject to any other rate adjustment, past or future, pursuant to this Article VIII and Exhibit D. Aqua Utilities agrees that the remedy provided by this Section 8.05 provides its sole and exclusive remedy, in law and equity, for any rate adjustments pursuant to this Agreement, and that it will not pursue a wholesale rate appeal of such rates at any regulatory agency. 8.06 Minimum Revenue Collection. Aqua Utilities agrees, throughout the term of this Agreement,to fix and collect such rates and charges for water service to be supplied as will produce Agreement for Sale of Treated Water Page 10 revenues in an amount equal to at least all of its operation and maintenance expenses of the Customer System,including specifically its payments and obligations under this Agreement. ARTICLE IX TERM AND RELATED PROVISIONS 9.01 Term of Agreement. This Agreement shall expire upon the sooner of: (i)the date upon which Aqua Utilities ceases to be the retail water provider for the Development; (ii) termination in accordance with this Article IX; or(iii)December 31, 2011. 9.02 Extension. Where expiration of this Agreement occurs pursuant to Section 9.01(iii), the City will offer to continue to sell wholesale waxer to Aqua Utilities under one of two options,to be chosen by the City in its sole discretion: A. A renewal of this Agreement, in its entirety, amending only Section 9.01(iii)to state"December 31,2025"and Section 8.02 to state initial rates that are those in effect on the first day of the renewal term for the City's wholesale customers who are municipalities. B. A wholesale water agreement with terms that are the same as the terms of the renegotiated contracts with the City's wholesale customers whose contracts now expire in 2010, and subject to all the terms and conditions of those contracts, except that the expiration date of the wholesale agreement with Aqua Utilities shall not extend beyond the earlier of the date on which Aqua Utilities ceases to be the retail water provider for the Development or December 31,2025. The City will advise Aqua Utilities of the City's selected option by providing Notice one hundred eighty (180) days before the Section 9.01(iii) expiration date. Aqua Utilities can then either (i) agree to accept the option offered by the City in its Notice,in which case Aqua Utilities and the City will execute the documents necessary to formalize the terms of such agreement within 60 days of Aqua Utilities' receipt of Notice; or (ii) elect not to continue to purchase water from the City, in which case this Agreement terminates on the Section 9.01(iii)expiration date and thus the City shall have no further service obligation thereafter. If the City's wholesale customers' 2010 expiration dates are extended,then the Section 9.01(iii)expiration date of this Agreement will be extended for the same number of years or months,but in no event beyond December 31,2025. 9.03 Effective Date. This Agreement, together with all terms and conditions and covenants, shall be effective December 21, 2005. 9.04 Termination. In addition to termination pursuant to this Article IX and Section 8.05, this Agreement may be terminated in whole or in part by the mutual consent of Aqua Utilities and the City, and the Agreement shall expire on any such mutually agreed date. Notwithstanding anything contained herein to the contrary, any material breach by Aqua Utilities in the performance of any of the duties or the obligations assumed by Aqua Utilities hereunder, or to faithfully keep and perform any of the terms, conditions and provisions hereof, shall be cause for termination of this Agreement by the City in the manner set forth in this Section 9.04. If Aqua Agreement for Sale of Treated Water Page 11 Utilities commits a material breach, then, except as provided in Sections 9.06 and 9.07, the City shall deliver to Aqua Utilities ninety (90) days Notice of its intention to terminate this Agreement, including in such Notice a reasonable description of the breach. Aqua Utilities shall commence curing such breach within fourteen (14)calendar days after receipt of such Notice and shall diligently pursue and complete such cure without unreasonable cessation of activities within ninety (90) days from the date of the Notice; however, if the breach is not reasonably susceptible to cure by Aqua Utilities within such ninety (90) day period, the City agrees that it will not terminate this Agreement so long as Aqua Utilities has diligently pursued such cure within the foregoing ninety (90) days and diligently completes the work, without unreasonable cessation, within a reasonable time thereafter. The time authorized by this Agreement to cure the breach is the "Cure Period." If Aqua Utilities shall fail or refuse to cure such material breach to the satisfaction of the City within the Cure Period,then and in such event,the City shall have the right with additional sixty (60) days advance Notice to Aqua Utilities and without any liability whatsoever on the part of the City to declare this Agreement terminated, and the Agreement will immediately expire at the end of such Notice period. The City shall give Notice to Aqua Utilities immediately upon acceptance of the cure of any breach. A material breach of this Agreement includes,but is not limited to: (a) Failure to pay any bill,charge or fee as provided for in this Agreement; (b) Making any connection to the Fort Worth System at any point except the Point of Delivery; (c) Failure to provide City ingress and egress for purposes of operation and maintenance of any Metering Facility; (d) Failure to comply with Sections 3.02, 3.05, 4.01, or 8.05; and (e) Failure to comply with Article X. 9.05 Non-Material Breach. In the event of any non-material breach, default or failure to perform duties under this Agreement, the City shall deliver to Aqua Utilities sixty (60) days Notice of such default. If Aqua Utilities fails to cure such breach, default or failure within said sixty (60) days, then the City shall give Aqua Utilities Notice of such failure to cure and may surcharge Aqua Utilities Five Thousand Dollars ($5,000) per month until such time as Aqua Utilities cures such non-material breach. 9.06 Failure to Impose Conservation Measures. If the City rations the use of water throughout its corporate limits, issues water conservation measures or restricts the use of water in any way pursuant to Section 3.07, and Aqua Utilities fails or refuses to impose and enforce the same rationing, conservation measures or restrictions, Aqua Utilities shall be in material breach of this Agreement. The 90-day Notice provision contained in Section 9.04 shall not apply and the Director, in his or her sole discretion, shall provide Notice to Aqua Utilities of the deadline for curing such breach. If Aqua Utilities fails or refuses to cure such breach within the stated time, the City shall have the right,,with six (6) months additional advance Notice to Aqua Utilities, and without any liability whatsoever on the part of the City, to declare this Agreement Agreement for Sale of Treated Water Page 12 terminated, and the Agreement will immediately expire at the end of such Notice period, notwithstanding the expiration or rescission of the rationing, conservation measures or restrictions during such six-month period. The City shall give Notice to Aqua Utilities immediately upon acceptance of the cure of any breach. 9.07 Failure to Prevent Backflow. The Notice and cure provisions set out in Section 9.04 do not apply to a breach of Section 3.04. The City shall have the right to terminate this Agreement without further Notice if Aqua Utilities commits a breach of Section 3.04 and fails to cure such breach after reasonable Notice and opportunity to cure. 9.08 Obligation to Develop Alternative Sources. Aqua Utilities shall develop alternative or replacement water supplies prior to the expiration of this Agreement. 9.09 Effect of Termination. In event of termination of this Agreement, except to the extent provided in Section 9.10, all rights, powers, and privileges of Aqua Utilities hereunder shall cease and immediately terminate upon the expiration date, and Aqua Utilities shall not assert any claim of any kind whatsoever against the City, its agents, or representatives, by reason of such termination or any act incident thereto, provided City acted reasonably and such termination was not unreasonable, arbitrary and capricious. 9.10 Surviving Provisions. As part of, or in addition to, survival rights to which the Parties may be entitled in law or equity, the following provisions shall survive following termination or expiration of this Agreement for any reason: (a) any payment obligation of any Party under the terms of this Agreement; (b) Section 6.03 (Indemnity); (c) Article VII (Reports and Audit); Article X(Construction Standards) and(d)Article XI (Miscellaneous). ARTICLE X PERFORMANCE PURSUANT TO SUPERSEDING UTILITY AGREEMENT This Agreement is executed pursuant to, and shall be performed consistent with the terms of, the Superseding Utility Agreement. Accordingly, all construction, operation and maintenance activities undertaken pursuant this Agreement shall be performed in compliance with the Superseding Utility Agreement, including the standards for construction, operation and maintenance set forth in Article V of that agreement. In the event of a conflict between this Agreement and the Superseding Utility Agreement, the Superseding Utility Agreement shall control. Agreement for Sale of Treated Water �„ ',,� N J old, Page 13 i tle ':2.'n�U�`.UUtl' Y6G�1. ARTICLE XI MISCELLANEOUS 11.01 Governing Law: Jurisdiction and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY, AND HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 11.02 Notice. Any notices, approvals, or other communications required to be given by one Parry to another under this Agreement(a"Notice") shall be given in writing addressed to the Parry to be notified at the address set forth below and shall be deemed given: (a)when the Notice is delivered in person to the person to whose attention the Notice is addressed; (b)when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (c)when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; or (d) five business days after the Notice is sent by FAX (with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday, the applicable period for calculating the Notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this section. To the City: City of Fort Worth, Texas 1000 Throclmorton Street Attn: City Secretary Fort Worth, Texas 76102 FAX: (817)392-6196 City of Fort Worth, Texas 1000 Throclmorton Street Attn: City Manager Fort Worth, Texas 76102 FAX: (817) 392-6134 City of Fort Worth, Texas 1000 Throckmort6n Street Attn: Water Director Fort Worth, Texas 76102 Agreement for Sale of Treated Water Page 14 FAX: (817) 392-2398 To AQua Utilities: 1421 Wells Branch Pkwy., Ste. 105 Pflugerville,TX 78660 Attn: Vice President FAX: (512) 989-9891 762 West Lancaster Ave. Bryn Mawr,Pennsylvania 19010 Attn: Chief Legal Officer FAX: (610) 520-9127 11.03 Consent Required for Assignment and Binding on Successors and Assigns. All of the terms of this Agreement shall be binding upon, shall inure to the benefit of, and shall be severally enforceable by and against each Party to this Agreement, individually, and such Party's respective personal representatives, successors, trustees, receivers, and assigns. However, no Party shall assign this Agreement without the written consent of each of the other Party. It is specifically intended that this Agreement and all terms, conditions and covenants herein shall survive a transfer, conveyance or assignment occasioned by the exercise of foreclosure of lien rights by a creditor or a Party hereto,whether judicial or non judicial. 11.04 Amendment. This Agreement may be amended only with the written consent of all Parties and with approval of the governing body of the City. 11.05 No Waiver. Any failure by a Party to insist upon strict performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. Agreement for Sale of Treated Water Page 15 11.06 Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the Parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the provision so severed. 11.07 Captions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of the Agreement. 11.08 InterRretation. The Parties acknowledge that each Party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 11.09 Conspicuous Provisions. The Parties acknowledge that the provisions of this Agreement that are set out in bold, CAPITALS (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 11.10 No Third Parly Beneficiary. This Agreement is solely for the benefit of the Parties, and neither the City nor Aqua Utilities intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit upon or enforceable rights under this Agreement or otherwise upon anyone other than the City and Aqua Utilities. 11.11 Force Majeure. No Party shall be considered to be in default in the performance of any of the obligations hereunder(other than obligations of either Party to pay costs and expenses)if such failure of performance shall be due to an uncontrollable force beyond the control of the Parties, including, but not limited to, the failure of facilities, flood, earthquake, tornado, storm, fire, lightning, epidemic, war, riot, civil disturbance or disobedience, labor dispute, labor or material shortage, sabotage, or restraint by a court order or public authority, which by the exercise of due diligence and foresight such Party could not have reasonably been expected to avoid. Either Party rendered unable to fulfill any obligation by reason of an uncontrollable force shall exercise due diligence to remove such inability with all reasonable dispatch. In the event the proper operation of the Fort Worth System, as a result of the above,requires the City to temporarily interrupt all or part of the services to Aqua Utilities,no claims for damage shall be made by Aqua Utilities against the City. Agreement for Sale of Treated Water Page 16 11.12 Emergencies. In the event of a Temporary Emergency Condition, it may be necessary for Aqua Utilities to withdraw water from the Fort Worth System at a rate of usage in excess of that required for Aqua Utilities' usual peak requirements. If a Temporary Emergency Condition occurs and Aqua Utilities provides Notice to the Director within 48 hours of the onset of the Temporary Emergency Condition describing the unforeseeable mechanical failure or unprecedented high rate of water usage, obtains the Director's written concurrence that the situation constitutes a Temporary Emergency Condition, and exercises due diligence in ending the Temporary Emergency Condition, then the City shall not consider the Rate of Use Charge established during the Temporary Emergency Condition for billing purposes. Volume charges for all water delivered during the Temporary Emergency Condition shall be due and payable as described elsewhere herein. 11.13 Applicable Laws. This Agreement is subject to all applicable federal and state laws and any applicable permits, amendments, orders, or regulations of any state or federal governmental authority having or asserting jurisdiction, but nothing contained herein shall be construed as a waiver of any right to question or contest any such law, order,rule or regulation in any fontm having jurisdiction. 11.14 Access to Facilities. Upon prior Notice to Aqua Utilities by the City, any employee of City bearing proper credentials and identification shall be given access to the Development as may be necessary for the purpose of inspections and observation,measurements, sampling and testing and/or auditing, in accordance with the provisions of this Agreement. Aqua Utilities may elect to accompany the City's representative. 11.15 Incorporation of Exhibits by Reference. All exhibits attached to this Agreement are incorporated into this Agreement by reference for the purposes set forth herein, as follows: Exhibit A map of the Development Exhibit B legal description of the Development Exhibit C map showing the Development's Point of Delivery into the Fort Worth System, Storage Tank, Meter, and backflow prevention device Exhibit D Rate Methodology Each Party has caused this Agreement to be executed by its duly authorized representative in multiple copies on the date or dates indicated below. ATTEST: CITY OF FORT WORTH By: Marty Hendrix City Secretary (print name) Title: Agreement for Sale of Treated Water Page 17 APPROVED AS TO FORM AND LEGALITY: Assistant City Attorney ATTEST: AQUA UTILITIES,INC., a Texas Corporation By: Corporate Secretary Print Name: Title: Agreement for Sale of Treated Water Page 18 Exhibit A Map of the Development Exhibit A to Agreement for Sale of Treated Water Page 1 1 � L ,r , v r x IT C 1 T ' x F VE p *� i r Ln ti i _ _ r r a, , .. Ln {sem Ali , L.. M �1 �. a� Exhibit B Legal Description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3 701.24 feet to a 3/8" iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E, a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52E34'22" E, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44E08'03"E, a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65E58'36"E, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; Exhibit B to Agreement for Sale of Treated Water Page 1 THENCE S OOE07'20" E along the east line of said Aperion Tract One-A and the west line of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47E1551" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E4848" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N OOE 11'12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114,a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E4848" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOEI I'l2" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land, more or less. Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- Exhibit B to Agreement for Sale of Treated Vater Page 2 way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit B to Agreement for Sale of Treated Water Page 3 Exhibit C Map Showing the Development's Point of Delivery into the Fort Worth System, Storage Tank,Meter, and Backflow Prevention Device Exhibit C to Agreement for Sale of Treated Water Page 1 r 11' e ! M its y e w w ' _ 1 I � y.'. ' x , n -C - i ^ y° INI -ow i m. m ew r 4 I � aah r e.. NIC+, ✓ �"9 > S y �.1_ a �1 yr � f •, tl 6 ,a. ''SSL. i �nyti, wn Exhibit D Wholesale Rate Methodology 1. Wholesale water rates will be based upon cost-of-service rate studies performed by independent utility rate consultants. The independent utility rate consultant shall be selected by the Director from a list of five qualified firms submitted to the Director by the Fort Worth "Water System Advisory Committee." The cost of such studies shall be a System Cost. All cost-of-service studies shall be conducted utilizing the utility cost basis of determining revenue requirements applicable to the wholesale customer class. 2. A detailed wholesale cost-of-service water rate study was performed by an independent utility rate consultant for the Fiscal Year beginning October 1,2005. An additional detailed wholesale cost-of-service water rate study will be performed in accordance with this Exhibit D for the Fiscal Year beginning October 1, 2008, using the same methodology of the previous rate study, subject to modifications recommended by a majority of the Water System Advisory Committee and approved by the Fort Worth City Council. In the Fiscal Years between detailed rate studies,the City will perform a wholesale water rate study using the same methodology as the last detailed rate study, and will utilize the actual operating data for the twelve month period ending September 30th of the prior year, adjusted for all known and measurable changes in cost data that may have occurred since the last audited financial statement. Such adjustments should allow for year-end trending and the spreading Of non-recurring expenses over an appropriate benefit period 3. The cost-of-service for the wholesale class shall include allocated reasonable and necessary operation and maintenance expense, depreciation expense and a fair and reasonable return on allocated capital facilities. To determine the allocation and distribution of costs to the wholesale customer class, the independent utility rate consultant shall consider at least the following factors: total volume, rate of flow, metering, and customer-related costs such as accounting, billing, and monitoring. Capital-related costs will consist of depreciation expense and return on original cost rate base. The rate base shall consist of all allocated capital facilities, net of depreciation and contributions, and shall include construction work in progress, a reasonable allowance for working capital, and a reasonable inventory of materials and supplies necessary for the efficient operation of the Fort Worth System. Records of the original cost and the accumulated depreciation of all capital facilities shall be maintained in the Fort Worth Fixed Asset Tracking System. These records shall be available for inspection at the City's Water Department during reasonable business hours upon request by Aqua Utilities. 4. The City shall be allowed an adequate opportunity to earn a reasonable rate of return. The return shall be sufficient to assure confidence in the financial soundness of the City's utility, shall be adequate to maintain and support its credit, shall enable it to raise the money necessary for the proper discharge of its public duties, and shall be equal to the weighted average imbedded cost of outstanding debt plus one and one-half percent(1-1/2%). 5. The Raw Water Charge shall be equal to the rate per 1,000 gallons for out-of-district raw water charged to the City by the Tarrant Regional Water District, plus eight percent(8%) Exhibit D to Agreement for Sale of Treated Water Page 1 ��eu� , TES, of said rate, representing the City's system losses of four percent (4%) and the street rental charge of four percent (4%), and shall be charged for the amount of water furnished by the City at the Point of Delivery. Adjustments to the Raw Water Charge shall made whenever the rate per 1,000 gallons charged to the City is adjusted by the Tarrant Regional Water District. 6. The rates set forth in Article 8.02 shall be automatically adjusted to equal those adopted by the City Council based on the foregoing rate studies, and shall become effective on the effective date as determined by the City Council. 7. The total annual payment for water by Aqua Utilities shall be related to the annual and peak volumes used by Aqua Utilities during the Fiscal Year, as determined by the Meter, flow recording devices or other approved methods, subject to the annual payment provisions set forth above. The October bill for September usage shall reflect any necessary adjustment to the annual payment due to actual rates of withdrawal from the Fort Worth System. Example: The rate used in the example is based on Aqua Utilities not being in Tarrant Regional Water District and water being withdrawn at one metering station. The Volume Charge and Rate of Use Charges are those that were in effect until September 30,2005. Usage Monthly Rate Service Month Consumption Volume of Use Charge Total Oct. 1,000,000 $ 1,223.90 $ 1,466.93 $25 $2,715.83 Nov. 1,000,000 1,223.90 1,466.93 25 2,715.83 Dec. 1,000,000 1,223.90 1,466.93 25 2,715.83 Jan. 1,000,000 1,223.90 1,466.93 25 2,715.83 Feb. 1,000,000 1,223.90 1,466.93 25 2,715.83 March 2,000,000 2,447.80 1,466.93 25 3,939.73 April 3,000,000 3,671.70 1,466.93 25 5,163.63 May 3,000,000 3,671.70 1,466.93 25 5,163.63 June 3,000,000 3,671.70 1,466.93 25 5,163.63 Usage Monthly Rate Service Month Consumption Volume of Use Charge Total July 3,000,000 3,671.70 1,466.93 25 5,163.63 August 4,000,000 4,895.60 1,466.93 25 6,387.53 Subtotal 23,000,000 $28,149.70 $16,136.23 $275 $44,560.93 Sept. 3,000,000 3,671.70 3,214.32 25 6,911.02 26,000,000 $31,821.40 $19,350.55 $300 $51,471.95 Exhibit D to Agreement for Sale of Treated Water Page 2 Prior Year Rate Of Use Calculation(for use in estimated monthly Rate of Use Charge) Average Daily Use for the prior year = 60,000 gallons Maximum Day Demand for the prior year = 175,000 gallons Maximum Hour Demand for the prior year = 480,000 gallons Maximum Day Demand above Average Daily Use = 115,000 gallons Maximum Hour Demand above Maximum Day Demand = 305,000 gallons Monthly Excess Maximum Day and Hour Payment Calculation .115 mg X $108,262 = $12,450.13 (Maximum day) .305 mg X $16,895 = 5.152.98 (Maximum hour) Total $17,603.11 Monthly Rate of Use Payment(Total Divided by 12)_$1,466.93 A. The annual payment calculation will be computed on the basis of the current year maximum usage rates or the average of the maximum usage rates of the most recent three Fiscal Years, whichever is greater. In Example A, the current year exceeds the average of the most recent three Fiscal Years. Current Year Rate Of Use Calculation Average Daily Use for the year = 71,233 gallons Maximum Day Demand for the current year = 200,000 gallons Maximum Hour Demand for the current year = 520,000 gallons Maximum Day Demand above Average Daily Use = 128,767 gallons Maximum Hour Demand above Maximum Day Demand = 320,000 gallons Fiscal Year Average of Most Recent Three Years CURRENT FY FY FY 2004 2003 Maximum Day Demand above Average Daily Use 128,767 115,000 130,000 Maximum Hour Demand above Maximum Day Demand 320,000 305,000 325,000 Three year average of Maximum Day Demand above Average Daily Use 124,589 Three year average of Maximum Hour Demand above Maximum Day Demand 316,667 Exhibit D to Agreement for Sale of Treated Water Page 3 Aqua. Utilities' annual payment will be based on the greater of the current year maximum usage rates or the average of the maximum usage rates of the most recent three Fiscal Years. Annual Payment Calculation FY 2005 Rates (Based on Current Year Data) 26,000 X $ 1.2239 $31.821.40 .1288 mg X $108,262 13,944.15 .3200 mg X $16,895 5,406.40 12X 1 X$25 300.00 Total Annual Payment $51,471.95 Previous Billings for October through August Usage 44.560.93 October Billing for September Usage $ 6,911.02 B. Example of computation When the average of the maximum usage rates of the most recent three Fiscal Years is greater than the current Fiscal Year rate of use: Current Year Rate of Use Calculation Average Daily Use for the current year = 71,233 gallons Maximum Day Demand for the current year = 200,000 gallons Maximum Hour Demand for the current year = 520,000 gallons Maximum Day Demand above Average Daily Use = 128,767 gallons Maximum Hour Demand above Maximum Day Demand = 320,000 gallons Fiscal Year Average of Most Recent Three Years CURRENT FY FY FY 2004 2003 Maximum Day Demand above Average Daily Use 128,767 130,234 130,000 Maximum Hour Demand above Maximum Day Demand 320,000 323,010 325,000 Three year average of Maximum Day Demand above Average Daily Use 129,667 Three year average of Maximum Hour Demand above Maximum Day Demand 322,670 Aqua Utilities' annual payment will be based on the greater of the current Fiscal Year maximum Exhibit D to Agreement for Sale of Treated Water Page 4 Exhibit F Agreement for Wastewater Service k Exhibit F to Superseding Agreement Regarding page 1 Water and Wastewater Utility Service WHOLESALE WASTEWATER SERVICE AGREEMENT This Wholesale Wastewater Service Agreement ("Agreement") is entered into by and between Aqua Utilities, Inc., formerly known as Aqua Source Utility, Inc., a Texas corporation (and/or its corporate successors and assigns) ("Aqua Utilities") and the City of Fort Worth, a Texas home rule municipality(the"Ciff"). RECITALS A. Aqua Utilities wishes to provide retail wastewater utility service to the land shown on Exhibit A and more particularly described in Exhibit B to this Agreement, and consisting of approximately 431.303 acres in Denton County, Texas (the "Development"), located entirely within the City's extraterritorial jurisdiction("ETT'). B. The City and Aqua Utilities are parties to the "Superseding Agreement Regarding Water and Wastewater Utility Service," dated December 21, 2005, City Secretary Contract No. 32899, ("Superseding Utility Agreement'), which sets forth the rights and obligations of the parties to that agreement with respect to the provision of retail and wholesale water and wastewater service to the Development, and provides, among other things, for the City and Aqua Utilities to enter into a contract for the provision of wholesale wastewater service to the Development. C. The City and the Trinity River Authority of Texas ("TRA") are parties to the "Trinity River Authority of Texas - Denton Creek Regional Wastewater Treatment System Contract,"dated October 28, 1987, City Secretary Contract No. 16054, attached as Exhibit C, as amended from time to time ("TRA Contract"), pursuant to which the City may obtain certain services from TRA for the transportation, treatment and disposal of sanitary sewage, industrial waste and other wastes generated in the drainage area of Denton Creek through the Denton Creek Regional Wastewater System (the"TRA System"). D. The Development is located in the drainage area of Denton Creek. E. Aqua Utilities has considered its various alternatives for treatment of the Development's wastewater and has elected to seek to obtain such services from the City. F. Aqua Utilities and the City have reached a mutually satisfactory agreement by which Aqua Utilities will purchase from the City certain collection and treatment services for wastewater generated within the Development to be collected and transported from sewer lines within the Development,to sewer lines owned by the City, to the City's point of entry into the TRA System as authorized by the TRA Contract and subject to the Superseding Utility Agreement. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants and conditions hereinafter set forth,the Parties contract and agree as follows: Wholesale Wastewater Service Agreement Page 1 ARTICLE I DEFINITIONS "Advisory Committee"means the Advisory Committee of the TRA. "Agreement" means this Wholesale Wastewater Service Agreement between the City and Aqua Utilities. "Aqua Utilities" means Aqua Utilities, Inc., a Texas corporation(and/or its corporate successors and assigns). "Biochemical Oxygen Demand" ("BOD") means the quantity of oxygen utilized in the biochemical oxidation of organic matter under standard laboratory procedure in five days at 20 degrees Centigrade, expressed in milligrams per liter. "Lijff'means the City of Fort Worth, Texas,a home rule municipality. "City Council"means the City Council of the City. "Cure Period"means the period of time to cure a material breach, as defined in Section 9.04. "Development"means that certain 431.303-acre tract located in Denton County, Texas as shown on Exhibit A and more particularly described in Exhibit B, which Development is located entirely within the ETJ of the City. "Development's Capacity" means the wastewater capacity that the City has allocated to serve the Development pursuant to Section 2.01. "Development's System" means the wastewater collection facilities (whether owned by Aqua Utilities or third parties) located on the Development, or those facilities located outside the Development but constructed and operated to serve the Development, and on the Development's side of the Point of Entry into the Fort Worth System shown on Exhibit D. "Director"means the City Water Department Director or designee. "Discharize'means any solid or liquid waste, regardless of its source, nature or composition, that enters a wastewater collection or treatment system. "Effective Date"means the effective date as defined in Section 9.03. "EPA"means the U.S. Environmental Protection Agency. "ETJ" means the extraterritorial jurisdiction of a city as defined by the Texas Local Government Code, as amended, with the City's ETJ being an unincorporated area presently extending five Miles from the City's corporate limits, excluding other incorporated municipalities and their respective extraterritorial jurisdictions. Wholesale Wastewater Service Agreement Page 2 "Fort Worth System"means those sewer lines and associated facilities owned by the City. "General Benefit Capital Facilities" means wastewater facilities that provide utility services and benefits common to all City customers, including but not limited to wastewater treatment facilities, Metering and Sampling Facilities, control systems and appurtenances, and all major collectors and interceptors that are eighteen inches (18'� and greater in diameter. "Infiltration"means water that has migrated from the ground into a wastewater system. "Inflow" means water other than wastewater that enters a wastewater system (including sewer service connections)from sources such as,but not limited to,roof leaders, cellar drains,yard drains, area drains, drains from springs and swampy areas, manhole covers, cross connections between storm sewers and sanitary catch basins, cooling towers, storm waters, surface runoff, street wash waters or drainage. Inflow does not include, and is distinguished from,Infiltration. "Metering and Sampling Facilities"means the meter, meter vault, and all metering and telemetry equipment required to measure and/or sample wastewater flows from the Development at the Point of Entry. 'Notice"means notice as defined in Section 11.02 of this Agreement. "Pa1 ff'means, individually,the City or Aqua Utilities, and each of its successors and its assigns, as permitted by this Agreement. "Point of Entry" means the location where Discharge from the Development's System enters the Fort Worth System, as reflected on the attached Exhibit D. "Prohibited Discharge" means a Discharge from outside the Development's System or otherwise not in compliance with this Agreement, as defined in Section 2.02. "Significant Industrial User" ("SN") means any User connected to the Development's System that meets at least one of the following criteria: a. Average industrial wastewater discharge rate greater than 50,000 gallons per day. b. Biochemical Oxygen Demand and/or suspended solids concentrations in industrial wastewater greater than 250 mg/L. C. Meets any of the criteria used by the Environmental Protection Agency ("EPA") to define SILT in 40 C.F.R. § 403.3(t) as amended from time to time (for purposes of the EPA definition of SIU relating to the "Control Authority," the Control Authority currently refers to the TCEQ). "Superseding Utility Agreement"means the agreement defined in Recital B above. "System Cost" means operating expenses and capital related costs incurred by the City pursuant to the provision of wastewater collection and treatment service to the wholesale class of sewer customers. Such costs are to be collected by the City as a component of the annual cost of providing wholesale wastewater service. Wholesale Wastewater Service Agreement Page 3 "TCEQ"means the Texas Commission on Environmental Quality or its successor state agency. "TRA"means the Trinity River Authority of Texas. "TRA Contract"means that agreement defined in Recital C above and attached as Exhibit C, as it may be amended from time to time. "TRA System" means the Denton Creek Regional Wastewater System owned and operated by the TRA, including the Denton Creek Regional Wastewater System treatment plant as well as those sewer lines and associated facilities owned by TRA which transport wastewater to that plant. "TSS" (also referred to as Total Non-Filterable Residue)means total suspended solids, measured in mg/L, that either float on the surface of, or are in suspension in, water, wastewater or other liquids, and which are largely removable by a laboratory filtration device. "User"means any person or entity that owns or operates any facility or other point from which a Discharge enters the Development's System, either directly or indirectly. ARTICLE II GENERAL 2.01 Development's Capacity. The City has allocated to the Development a portion of its available TRA Contract treatment capacity sufficient to accept the wastewater from the Development's System pursuant to this Agreement. Aqua Utilities shall have the right, in accordance with the terms and conditions of this Agreement, to deliver wastewater collected by the Development's System, in volumes not to exceed the Development's Capacity, to the Point of Entry for further transport by the City and TRA and treatment at the TRA System plant pursuant to the City's rights under the TRA Contract. The Development's Capacity shall not exceed a peak flow of 1,357 gallons per minute and an average daily flow of 430 gallons per minute. Thus, the combined maximum rate of discharge from the Development's System into the Fort Worth System may riot exceed a rate which, if continued for a period of twenty-four hours would equal 3.16 times the 430 gallon per minute average daily flow. 2.02 Prohibited Discharges. Any waste generated outside the Development or any Discharge not in compliance with this Agreement is a Prohibited Discharge that is not authorized to enter the Development's System pursuant to this Agreement. The City shall be under no obligation to accept,transport or treat any Prohibited Discharge. 2.03 TRA Approvals and TRA Contract. The TRA Contract requires approval of this Agreement by both�the TRA and by a majority vote of the Advisory Committee and is not valid until such required approvals are obtained. The Agreement is subject to the TRA Contract, as amended from time to time, and all standards contained therein. This Agreement is a "subcontract"as that term is used in, and for purposes of, Section 9(c) of the TRA Contract. Wholesale Wastewater Service Agreement Page 4 2.04 Connection to the Fort Worth System. The City hereby grants to Aqua Utilities, upon compliance with the terms and conditions of this Agreement, permission to connect the Development's System to the Fort Worth System at the Point of Entry as agreed to and designated on Exhibit D. Other Point(s)of Entry may be mutually agreed upon at a later date. 2.05 Construction and Maintenance of Development's System. Aqua Utilities agrees that the Development's System,including all sewer connections, shall be constructed in accordance with the standards set forth in the Superseding Utility Agreement. Aqua Utilities agrees to maintain the Development's System in good condition and to make repairs in a timely manner, and in the manner it determines in its sole discretion, so as to comply with this Agreement, the Superseding Utility Agreement and applicable federal, state and local laws. The City shall not have any responsibility or liability for the maintenance and operation of the Development's System, unless and until the City takes title to the Development's System. Aqua. Utilities shall not have any responsibility or liability for the maintenance and operation of the Fort Worth System, except as otherwise expressly provided herein. 2.06 Extension of Facilities. The City's wastewater collection line is approximately 5,000 feet from the Development. In order for Aqua Utilities to receive wastewater service from the City pursuant to this Agreement, the City's wastewater collection line will have to be extended to the Development. The City has no obligation to extend such line. 2.07 Prevention of Sewer System Overflows. Aqua Utilities agrees to develop, and to implement upon commencement of operation of the Development's System, an ongoing capacity management, operation and maintenance plan for the prevention of sewer system overflows. The plan shall include rehabilitation, operation and maintenance for the Development's System and shall comply with any written directives from TRA applicable to the Fort Worth System. 2.08 Compliance with Laws. Aqua Utilities shall operate the Development's System in compliance with all applicable federal, state and local laws, including but not limited to the regulations, permits and orders adopted or issued by EPA, TCEQ or other regulatory authorities with jurisdiction over the Development's System. Aqua Utilities shall send to the City, pursuant to the procedures required for Notice, copies of any reports or other communications to or from the TCEQ, the EPA, Denton County or other political subdivisions of the State of Texas, that contain data from or analyses of, or otherwise expressly discuss, the Development's System. In addition, upon request from TRA or the City, Aqua Utilities shall provide copies of any documents or data, to the extent that they are not legally privileged, that are necessary for the operation of the TRA System or the Fort Worth System. ARTICLE III WASTEWATER QUALITY,STANDARDS and ENFORCEMENT 3.01 Influent Quality and Pretreatment Standards. Aqua Utilities agrees that all Discharge into the Development's System shall comply with influent quality and pretreatment standards contained in both Section 4 of the TRA Contract, as amended from time to time, and Article VI of Chapter 12.5 of the Fort Worth City Code, as amended from time to time, excluding standards that do not apply to the TRA System. Aqua Utilities further agrees to impose and reasonably enforce, through its tariff or otherwise, these influent quality and Wholesale Wastewater Service Agreement Page 5 pretreatment standards within the Development's System. In addition to compliance at the point of discharge into the Development's System, any Discharge shall comply with these influent quality and pretreatment standards at the Point of Entry into the Fort Worth System. 3.02 Industrial Wastewater. Aqua Utilities shall obtain the written consent of the City prior to any Discharge into the Development's System generated by an SN. Consent will not be granted unless (i) the proposed Discharge will meet all influent quality and pretreatment standards of Section 3.01 and (ii) the SIU submits a permit application ninety (90) days prior to commencing discharge in accordance with Article VI of Chapter 12.5 of the Fort Worth City Code, as amended from time to time, and such permit is granted. As a condition for granting the permit,the City may require the pretreatment of the Discharge as specified in relevant sections of the Fort Worth City Code. 3.03 Infiltration and Inflow. Connections that allow surface drainage (including storm water run-off from rainwater spouts, rainwater collection areas, streets and gutters), abnormal seepage, and Infiltration or Inflow to enter the Development's System are prohibited. Aqua Utilities will supervise and maintain the Development's System using best management practices to prevent such Prohibited Discharges and, if any are discovered within the Development's System, shall, to the extent permitted by law, immediately take the necessary steps to disconnect them. 3.04 Compliance with Permit Conditions, Aqua Utilities acknowledges that both the City and TRA are holders of Texas Pollutant Discharge Elimination System permits issued by the State of Texas and subject to oversight by EPA. Aqua Utilities agrees that it will comply with all permit conditions that relate in any way to the Development's System and to any Discharge into the Development's System that ultimately enters the Fort Worth System. Aqua Utilities agrees that, in the event a fine is assessed against the City or TRA for any violation of any permit condition, and the violation is directly attributable, in whole or in part, to the Development's System or to a Prohibited Discharge, then such fine is included in the matters indemnified by Aqua Utilities pursuant to Article VII. 3.05 Fort Worth City Code. Aqua Utilities agrees to abide by all other provisions contained in Article VI of Chapter 12.5 of the Fort Worth City Code that apply to customers or other users in the City's ETJ, as amended from time to time, including, but not limited to, those provisions that relate to influent quality or pretreatment standards. 3.06 City's Right to Revise Wastewater Quality Standards. The City reserves the right to revise influent quality and pretreatment standards contained in the Fort Worth City Code, and shall provide Notice to Aqua Utilities of the adoption of such revision within a reasonable time after revision thereof. Aqua Utilities shall be responsible for integrating such changes into its agreements with Users and for notifying all affected Users of the change within sixty (60) days following such Notice. 3.07 Enforcement. Aqua Utilities will reasonably inspect all connections at the time made and will routinely monitor the Development's System as a whole as reasonably necessary to detect and prevent any Prohibited Discharge. If any Prohibited Discharge is discovered, Aqua Utilities shall immediately take actions necessary to eliminate the Prohibited Discharge or, Wholesale Wastewater Service Agreement Page 6 following notice and to the extent permitted by law, to disconnect the User from the Development's System. In addition to Aqua Utilities' obligation to enforce influent quality and pretreatment standards under this Article III, the City has the right, within the Development's System, to enforce the same using methods including, but not limited to, those enforcement procedures contained in Chapter 12.5, Article I, Division 3 of the Fort Worth City Code, as amended from time to time, and the Enforcement Response Plan agreed to by the City and the TRA, as amended from time to time; however, such enforcement by the City does not relieve Aqua Utilities of its enforcement obligations under this Agreement. ARTICLE IV RATES and CHARGES 4.01 Calculation of Rates Pursuant to this Agreement. The Parties agree that the rates to be charged pursuant to this Agreement will be calculated using the methodology set forth in Exhibit E. This methodology also serves as the basis for the wholesale wastewater rates that the City charges to each municipality that is a wholesale wastewater customer of the City, pursuant to each of their separate contracts. The City will send Aqua Utilities a copy of any finally adopted wastewater rate study performed pursuant to this methodology,. The majority of those separate contracts with the City's wholesale customers who are municipalities will expire in 2017 and the City expects to enter into negotiation for new wholesale contracts with those wholesale customers who are municipalities. The City shall provide Aqua Utilities at least ten (10) days prior Notice of the commencement of the negotiations between the City and the Wastewater Advisory Committee. If this Agreement is renewed pursuant to Section 9.02(A), and if the renegotiated contracts with the City's wholesale customers who are municipalities include a rate methodology that differs from Exhibit E,then Aqua Utilities and the City expressly understand and agree that for the renewal term of this Agreement the rate methodology described in Exhibit E will be automatically superseded and replaced with a new Exhibit E that adopts the same rate methodology used to calculate the rates for those wholesale customers of the City who are municipalities, subject to the provisions of Articles IV and IX herein. 4.02 Initial Rate. The initial rates for this Agreement shall be those adopted by the City Council on effective October 1,2005,which are as follows: Volume Charge $0.8296 per 1000 gallons BOD Strength Charges $0.2906 per pound of BOD TSS Strength Charges $0.1871 per pound of TSS Monthly Billing Charges $75.00 4.03 Adjustment of Rates. Aqua Utilities agrees that the City shall have the right to unilaterally adjust the rates charged for the wastewater services provided pursuant to this Agreement, from time to time, so long as the adjustment is based on the agreed methodology set forth Exhibit E and in effect pursuant to Section 4.01, and otherwise in compliance with this Agreement. Aqua Utilities' agreement that the City has the right to unilaterally adjust the rates charged pursuant to this Agreement is an essential part of the consideration given by Aqua Utilities in exchange for the City's entering into this Agreement to provide wholesale wastewater service to the Development, which is in the City's ETJ, and without which consideration the City would not have provided wholesale sewer services to Aqua Utilities, either by entering into this Wholesale Wastewater Service Agreement Page 7 Agreement or otherwise. Furthermore, in exchange for the City's right to unilaterally adjust the rates charged hereunder, in addition to other rights under this Agreement, should Aqua Utilities object to any unilateral rate adjustment, Aqua Utilities shall have the right to terminate this Agreement with one year's Notice and the following rate relief. Upon any rate adjustment pursuant to this Article IV and Exhibit E,Aqua Utilities has the following options: A. Agree to pay the adjusted rate; or B. Give Notice (i) that it wishes to terminate this Agreement one year after the effective date of the proposed rate adjustment and (ii) that it rejects the rate change, in which case the City will continue to charge Aqua Utilities the contract rates that were in effect immediately prior to the proposed rate adjustment. If Aqua Utilities elects to terminate this Agreement under this Section 4.03, then the Agreement will expire at the earlier of the one-year Notice period or the Section 9.01 expiration date. If Aqua Utilities continues to deliver wastewater to the City at the Point of Delivery and has not disconnected the Development's System from the Fort Worth System on the date this Agreement is to expire pursuant to this Section 4.03, then the Agreement shall not expire pursuant to this Section 4.03 and Aqua Utilities shall immediately pay the City the difference between the amount that would have been charged pursuant to this Agreement under the rate Aqua Utilities rejected, and the amount actually charged to Aqua Utilities during the preceding year, with interest, and subject to any other rate adjustment, past or future, pursuant to this Article IV and Exhibit E. Aqua Utilities agrees that the remedy provided by this Section 4.03 provides its sole and exclusive remedy, in law and equity, for any rate adjustments pursuant to this Agreement, and that it will not pursue a wholesale rate appeal of such rates at any regulatory agency. 4.04 Payment and Finance Charge. Bills for services provided pursuant to this Agreement shall be rendered to Aqua Utilities monthly by the City. All such bills shall be due and payable by Aqua Utilities not more than thirty(30) days from the billing date. The bills will show current charges, as well as past-due charges, if any. Current charges shall be the amount due for wastewater collection, treatment and disposal service provided since the prior billing period. Past- due astdue charges shall be the total amount unpaid from all prior billings as of the current billing date. Payments received by the City shall first be applied to the past-due charges,if any, and thereafter to the current charges. Any payment required herein not made within thirty (30) days of the billing date shall be subject to a finance charge of ten percent (10%) per annum to be calculated from the date which the payment was required to be made. 4.05 Billing_Disputes. If Aqua Utilities disputes a bill and is unable to resolve the difference informally, Aqua Utilities shall give Notice to the Director. The Director and Aqua Utilities shall use their best efforts to resolve the disputed bill; however, dispute of a bill is not grounds for non-payment. In the event a payment is not paid as specified in this Agreement, a finance charge of ten percent(10%)per annum will be calculated from the date which the payment was required to be made. 4.06 Minimum Revenue Collection. Aqua Utilities agrees, throughout the term of this Agreement, to fix and collect'such rates and charges for wastewater service to be supplied to the Development as will produce revenues in an amount equal to at least all of operation and Wholesale Wastewater Service Agreement Page 8 maintenance expenses of the Development's System, including specifically the payments under this Agreement. ARTICLE V METERING AND SAMPLING FACILITIES 5.01 Construction and Title. Aqua Utilities or its agents or assigns shall construct or cause to be constructed the Metering and Sampling Facilities. All construction shall be in accordance with plans and specifications meeting City standards and shall be approved in advance by the City. All construction costs, including, but not limited to, site acquisition and preparation, design and engineering, construction and equipment for such facilities, together with the costs of necessary easements and rights-of-way, and including any and all necessary modifications to accommodate a complete initial installation satisfactory to the City, shall be provided free of charge to the City and be paid for pursuant to the Superseding Utility Agreement. Upon acceptance of the Metering and Sampling Facilities, the City shall own and have title to the Metering and Sampling Facilities along with the exclusive right to use, operate, and maintain such facilities; however, such metering and sampling facilities shall serve the Development only and no Discharge from outside the Development will,be connected to the Fort Worth System in a manner that would allow it to pass through such facilities. 5.02 Operation and Maintenance. The City shall become solely responsible for the operation and maintenance responsibilities associated with the Metering and Sampling Facilities. Aqua Utilities, to the extent that access is under its control, will continuously provide a route of ingress and egress to said Metering and Sampling Facilities for the City. The City shall have the discretion to construct improvements, expansions, and replacements to said facilities as a System Cost and at the timing of the City's needs. Aqua Utilities will also grant and provide to the City such permits or easements as are necessary for the continuous operation and maintenance of all Metering and Sampling Facilities. All costs incurred by the City for operation, maintenance, or replacement of the Metering and Sampling Facilities shall be considered a System Cost. 5.03 Expenses. Expenses incurred by the City for the operation and maintenance of the _Metering and Sampling Facilities shall be a System Cost and shall include, but not necessarily be limited to,the following: A. Cost of electricity at the facility; B. Cost of the initial installation of the telemetry service at the facility and to the control center and cost of monthly lease charge for the telephone line; C. Cost of calibration; D. Cost of parts, materials and supplies required for repairs, calibrations and upgrading of the facilities; E. Labor cost plus fringe benefits and indirect costs for repairs, calibrations and upgrading of the facilities; and F. Maintenance of ingress and egress and meter facility site. 5.04 Replacement Facilities. Replacement of the Metering and Sampling Facilities described in this Article V or the equipment therein, occasioned as a result of obsolescence due to age, excessive maintenance, growth or other reasons as determined by the Director, shall be a Wholesale Wastewater Service Agreement ��'���� ��' � System Cost. Any replacement facility or equipment therein shall comply with the City's standards and specifications. ARTICLE VI METERING AND SAMPLING 6.01 Requirement of Metering_and Sampling. Any Discharge into the Fort Worth System from the Development's System shall be metered and sampled as set forth in this Article VI. 6.02 Access to Facilities. Aqua Utilities shall have access to the Metering and Sampling Facilities at all reasonable times; provided, however, that any reading, calibration or adjustment to such metering equipment shall be done by employees or agents of the City, or other mutually approved third party calibration agent, in the presence of representatives of Aqua Utilities and the City, if so requested by Aqua Utilities. Notice of any proposed tests shall be provided to Aqua Utilities at least seventy-two (72)hours prior to such tests being conducted. 6.03 Access to Records. All readings of meters will be maintained by the City in its usual and customary manner. Aqua Utilities shall have access to such records during reasonable business hours and shall be furnished with monthly totalizer readings for each Point of Entry metering and sampling facility. 6.04 Service and Calibration. The City shall calibrate and routinely service the meters no less than once during each six (6) month period. Copies of the results of such calibration and all related information shall be provided to Aqua Utilities. The City shall notify Aqua Utilities at least seventy-two (72) hours in advance of the date and time for any calibration and Aqua Utilities may observe the calibration. 6.05 Corrections. Upon any calibration, if it is determined that the accuracy envelope of such meter is found to be lower than ninety-five percent (95%) or higher than one hundred five percent(105%) expressed as a percentage of the full scale of the meter, the registration of the flow as determined by such defective meter shall be corrected for a period extending back to the time such inaccuracy began, if such time is ascertainable; or, if such time is not ascertainable, then for a period extending back one-half(1/2) of the time elapsed since the date of the last calibration,but in no event further back than a period of six(6)months. 6.06 Out of Service Meter. If any meter used to determine volume from the Development's System is out of service or out of repair so that the amount of wastewater metered cannot be ascertained or computed from the reading thereof, the wastewater delivered through the period such meter is out of service or out of repair shall be estimated and agreed upon by the Parties hereto upon the basis of the best data available. The basis for estimating such flow includes, but is not limited to, extrapolation of past patterns of flow for said metering station under similar conditions. 6.07 Monitoring_of Quantity and Quality. All Discharge from the Development's System shall be monitored for volume. In addition,the City shall periodically determine the quality of the Discharge from the Development's System at the Metering and Sampling Facilities or other agreed upon sampling points for the purposes of billing for the strength of the wastewater. The sampling Wholesale Wastewater Service Agreement Page 10 and testing shall be performed up to two times per year until build-out of the Development and thereafter one time per year. To determine the quality of the wastewater, the City shall collect twenty-four (24) hour flow-weighted composite samples for a period of not less than five (5) consecutive twenty-four (24) hour periods. The City will provide Aqua Utilities with a Notice at least seven (7) days in advance of its intent to sample, or sufficiently in advance of the sampling to allow Aqua Utilities to arrange the services of a qualified laboratory. If, at the request of Aqua Utilities or at the request of the Director, more extensive monitoring is desired, such additional monitoring shall be paid for by the Party making the request and shall be done in compliance with this Article VI. If Aqua Utilities requests such additional monitoring, the City shall invoice Aqua Utilities and payment shall be made within thirty(30)days after receipt of invoice. The Notice shall include the planned dates, times, and location(s) of sampling. The City shall analyze the samples collected in accordance with standard methods. Aqua Utilities may be present during the initial setup of sampling equipment and at the time of pickup for each twenty-four (24) hour composite sample. The City agrees,if requested,to split the wastewater samples with Aqua Utilities. 6.08 Compliance Monitoring. If,in the opinion of the Director,compliance monitoring is required, the Director may order that additional monitoring be performed with or without prior Notice to Aqua Utilities. Such compliance monitoring is to be in addition to the routine monitoring and periodic sampling set forth in Section 6.07. All information obtained as a result of this compliance monitoring shall be provided to Aqua. Utilities upon request. The City will provide Notice of such compliance monitoring to Aqua Utilities within a reasonable time thereafter. ARTICLE VII OWNERSHIP,LIABILITY and INDEMNIFICATION 7.01 Liability and Ownership. Liability for damages arising out of the transportation, delivery, receipt, treatment, or disposal of any Discharge into the Development's System shall remain in Aqua Utilities, together with ownership of the Discharge, until such Discharge passes through the Point of Entry to the Fort Worth System,at which point ownership of the Discharge and any liability arising thereafter shall pass to the City, save and except that liability arising out of and ownership of any Prohibited Discharge shall not pass to the City, and shall remain with Aqua Utilities. No provision of this Agreement shall be construed to create any type of joint or equity ownership of any property, any partnership or any joint venture. Payments by Aqua Utilities (whether past,present, or future)will not be construed as granting Aqua Utilities partial ownership of,pre-paid capacity in,or equity in the Fort Worth System or the TRA System. 7.02 Indernnily. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, AQUA UTILITIES AGREES TO INDEMNIFY AND DEFEND CITY, TRA, AND EACH OF THEIR RESPECTIVE OFFICERS, ELECTED OFFICIALS, EMPLOYEES, AGENTS, ATTORNEYS, CONSULTANTS, CONTRACTORS, SUCCESSORS AND ASSIGNS (COLLECTIVELY, "INDEMNITEES") WITH REGARD TO ANY AND ALL CLAIMS, LOSSES, DAMAGES, LIABILITIES, LIENS, FINES, SUITS, JUDGMENTS, ADMINISTRATIVE PROCEEDINGS, REMEDIATION OR CORRECTIVE ACTION REQUIREMENTS, ENFORCEMENT ACTIONS, AND ALL COSTS AND EXPENSES INCURRED IN CONNECTION THEREWITH (INCLUDING, BUT NOT LIMITED TO, REASONABLE ATTORNEYS' FEES, COSTS OF INVESTIGATION AND EXPENSES, INCLUDING THOSE INCURRED BY CITY IN ENFORCING THIS INDEMNITY), DIRECTLY OR INDIRECTLY ARISING OUT OF, CAUSED BY OR RESULTING FROM(IN WHOLE OR IN PART) ANY BREACH OF THIS AGREEMENT, ANY PROHIBITED DISCHARGE, OR Wholesale Wastewater Service Agreement Page 11 ANY CONNECTION OF THE DEVELOPMENT'S SYSTEM TO THE FORT WORTH SYSTEM, (COLLECTIVELY, "LIABILITIES"), EVEN IF SUCH LIABILITIES ARISE FROM OR ARE ATTRIBUTED TO STRICT LIABILITY OR TO THE SOLE OR CONCURRENT NEGLIGENCE OF ANY INDEMNITEE. - ARTICLE VIII REPORTS AND RECORDS 8.01 Required Records. As required by the City's agreement with TRA, Aqua Utilities shall provide the following data upon 30 days Notice from the City: A. Actual number of customer accounts discharging into the Development's System; B. Classification of domestic and non-domestic accounts within its service area by number and percentage of accounts discharging directly or indirectly into the Development's System; C. The number of SIU connections subject to Section 3.02 of this Agreement to be served by the Development's System,with name and location of each,and D. Additional data which may assist the City in developing methodology for cost of service studies,planning studies for analyzing federal grants, and system access fees; provided,however,that the City shall not request data that will require Aqua Utilities to incur unreasonable expenses in providing such data. 8.02 Inspection and Audit. Complete records and accounts required to be maintained by each Party hereto shall be kept for a period of five (5) years. Each Party shall at all times, upon Notice, have the right at reasonable times to examine and inspect said records and accounts during normal business hours; and fii then,if required by any law,rule or regulation,make said records and accounts available to federal and/or state auditors. ARTICLE IX TERM and RELATED PROVISIONS 9.01 Term of Agreement. This Agreement shall expire upon the sooner of (i) the date upon which Aqua Utilities ceases to be the retail wastewater provider for the Development; (ii) termination in accordance with this Article IX; or(iii)April 30,2018. 9.02 Extension. Where expiration of this Agreement occurs pursuant to Section 9.01(iii), the City will offer to continue to sell wholesale water to Aqua Utilities under one of two options,to be chosen by the City in its sole discretion: A. A renewal of this Agreement, in its entirety, amending only Section 9.01(iii) to state"December 31,2025"and Section 4.02 to state initial rates that are those in effect on the first day of the renewal term for the City's wholesale customers who are municipalities. B. A wholesale wastewater agreement with terms that are the same as the terms of the renegotiated contracts with the City's wholesale customers whose contracts now expire in 2017, and subject to all the terms and conditions of those contracts, except that the expiration date of the wholesale agreement with Aqua Utilities shall not extend beyond the earlier of the date on which Aqua Utilities Wholesale Wastewater Service Agreement Page 12 ceases to be the retail wastewater provider for the Development or December 31, 2025. The City will advise Aqua Utilities of the City's selected option by providing Notice one hundred eighty (180) days before the Section 9.01(iii) expiration date. Aqua Utilities can then either (i) agree to accept the option offered by the City in its Notice,in which case Aqua Utilities and the City will execute the documents necessary to formalize the terms of such agreement within 60 days of Aqua Utilities' receipt of Notice; or(ii) elect not to continue to purchase wastewater from the City, in which case this Agreement terminates on the Section 9.01(iii) expiration date and thus the City shall have no further service obligation thereafter. If the City's wholesale customers' 2017 expiration dates are extended, then the Section 9.01(iii) expiration date of this Agreement will be extended for the same number of years or months,but in no event beyond December 31,2025. 9.03 Effective Date. This Agreement, together with all terms and conditions and covenants, shall be effective December 21,2005. 9.04 Termination. In addition to termination pursuant to Article IX and Section 4.03, this Agreement may be terminated in whole or in part by the mutual consent of Aqua Utilities and the City. Notwithstanding anything contained herein to the contrary, any material breach by Aqua Utilities in the performance of any of the duties or the obligations assumed by Aqua Utilities hereunder, or to faithfully keep and perform any of the terms, conditions and provisions hereof; shall be cause for termination of this Agreement by the City in the manner set forth in this Section 9.04. If Aqua Utilities commits a material breach, then the City shall deliver to Aqua Utilities ninety (90) days prior Notice of its intention to so terminate this Agreement, including in such Notice a reasonable description of the breach. Aqua Utilities shall commence curing such breach within fourteen (14) calendar days after receipt of such Notice and shall diligently pursue and complete such cure without unreasonable cessation of activities within ninety (90) days from the date of the Notice; however, if the breach is not reasonably susceptible to cure by Aqua Utilities within such ninety (90) day period, the City agrees that it will not terminate this Agreement so long as Aqua Utilities has diligently pursued such cure within the foregoing ninety(90) days and diligently completes the work, without unreasonable cessation, within a reasonable time thereafter. The time authorized by this Agreement to cure the breach is the "Cure Period." If Aqua Utilities shall fail or refuse to cure such material breach to the satisfaction of the City within the Cure Period,then and in such event,the City shall have the right with additional sixty (60) days advance Notice to Aqua Utilities and without any liability whatsoever on the part of the City to declare this Agreement terminated,and the Agreement will immediately expire at the end of such Notice period. The City shall give Notice to Aqua Utilities immediately upon acceptance of the cure of any default. A material breach of this Agreement includes,but is not limited to: a. Failure to comply with and enforce any wastewater quality or pretreatment standards required by this Agreement; b. Failure to make any payment of any bill,charge or fee as provided for in this Agreement; C. Making any connection to the Fort Worth System at any point other than those authorized by this Agreement; d. Failure to permit any sampling of wastewater as provided for herein; e. Failure to disconnect a Prohibited Discharge pursuant to Section 3.07; Wholesale Wastewater Service Agreement Page 13 f. Failure of Aqua Utilities to comply with Sections 2.01,2.05,2.07,2.08,4.03 or 5.01 or Article X hereof. 9.05 Non-Material Breach. In the event of any nonmaterial breach, default or failure to perform duties under this Agreement, the City shall deliver to Aqua Utilities thirty (30) days advance Notice of such default. If Aqua Utilities fails to cure such breach, default or failure, then the City shall give Aqua Utilities Notice of such failure to cure and may surcharge Aqua Utilities Five Thousand Dollars ($5,000)per month until such time as Aqua Utilities cures such nonmaterial default. 9.06 Effect of Termination. In the event of termination of this Agreement, except to the extent provided in Section 9.07, all rights, powers, and privileges of Aqua Utilities hereunder shall cease and terminate and Aqua Utilities shall make no claim of any kind whatsoever against the City, its agents or representatives, by reason of such termination or any act incident thereto, provided the City acted reasonably and such termination was not unreasonable,arbitrary and capricious. 9.07 Surviving Provisions. As part of, or in addition to, survival rights to which the Parties may be entitled in law or equity, the following provisions shall survive the termination of this Agreement for any reason: (a) any payment obligation of any Party under the terms of this Agreement that has accrued prior to such termination; (b) Section 7.02 (Indemnity); (c) Article VIII(Reports and Records); and(d)Article XI(Miscellaneous). 9.06 Effect of Opportunily to Cure. The opportunities provided in the Agreement to cure a material or non-material breach do not relieve or diminish any obligation of Aqua Utilities to indemnify the City pursuant to Article VII for any Liabilities. ARTICLE X PERFORMANCE PURSUANT TO SUPERSEDING UTILITY AGREEMENT This Agreement is executed pursuant to, and shall be performed consistent with the terms of, the Superseding Utility Agreement. Accordingly, all construction, operation and maintenance activities undertaken pursuant this Agreement shall be performed in compliance with the Superseding Utility Agreement, including the standards for construction, operation and maintenance set forth in Article V of that agreement. In the event of a conflict between this Agreement and the Superseding Utility Agreement, the Superseding Utility Agreement shall control. ARTICLE XI MISCELLANEOUS 11.01 Governing Law. Jurisdiction and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY, TEXAS, AND Wholesale Wastewater Service Agreement Page 14 HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 11.02 Notice. Any notices, certifications, approvals, or other communications required to be given by one Party to another under this Agreement (a "Notice") shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (a) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (b) when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (c) when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; or (d) five business days after the Notice is sent by FAX (with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday,the applicable period for calculating the Notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this section. To the City: City of Fort Worth, Texas 1000 Throckmorton Street Attn: City Secretary Fort Worth, Texas 76102 FAX: (817) 392-6196 City of Fort Worth, Texas 1000 Throckmorton Street Attn: City Manager Fort Worth, Texas 76102 FAX: (817) 392-6134 City of Fort Worth, Texas 1000 Throckmorton Street Attn: Water Director Fort Worth, Texas 76102 FAX: (817) 392-2398 To Aqua Utilities: 1421 Wells Branch Pkwy., Ste. 105 Pflugerville,TX 78660 Attn: Vice President FAX: (512) 989-9891 Wholesale Wastewater Service Agreement Page 15 762 West Lancaster Ave. Bryn Mawr,Pennsylvania 19010 Attn: Chief Legal Officer FAX: (610) 520-9127 11.03 Consent Required for Assignment & Binding on Successors and Assigns. All of the terms of this Agreement shall be binding upon, shall inure to the benefit of, and shall be severally enforceable by and against each Parry to this Agreement, individually, and such Parry's respective personal representatives, successors, trustees, receivers, and assigns. However, no Parry shall assign this Agreement without the written consent of the other Party. It is specifically intended that this Agreement and all terms, conditions and covenants herein shall survive a transfer, conveyance or assignment occasioned by the exercise of foreclosure of lien rights by a creditor or a party hereto,whether judicial or non judicial. 11.04 Amendment. This Agreement may be amended only with the written consent of all Parties and with approval of the governing body of the City. 11.05 No Waiver. Any failure by a Party to insist upon strict performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 11.06 Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the Parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the provision so severed. 11.07 Captions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of the Agreement. 11.08 Interpretation. The parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall Wholesale Wastewater Service Agreement Page 16 include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 11.9 Conspicuous Provisions. The City and Aqua Utilities acknowledge that the provisions of this Agreement that are set out in bold, CAPITALS (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 11.10 No Third Party Beneficiary. This Agreement is solely for the benefit of the Parties, and neither the City nor Aqua Utilities intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit upon or enforceable rights under this Agreement or otherwise upon anyone other than the City and Aqua Utilities. 11.11 Force Majeure. No Party shall be considered to be in default in the performance of any of the obligations hereunder(other than obligations of either Party to pay costs and expenses)if such failure of performance shall be due to an uncontrollable force beyond the control of the Parties, including but not limited to, the failure of facilities, flood, earthquake, tornado, storm, fire, lightning, epidemic, war, riot, civil disturbance or disobedience, labor dispute, labor or material shortage, sabotage, or restraint by a court order, or public authority, which by the exercise of due diligence and foresight such Party could not have reasonably been expected to avoid. Either Party rendered unable to fulfill any obligation by reason of an uncontrollable force shall exercise due diligence to remove such inability with all reasonable dispatch. In the event the proper operation of the Fort Worth System, as a result of the above, requires the City to temporarily interrupt all or part of the services to Aqua Utilities, no claims for damage shall be made by Aqua Utilities against the City. The City will exercise its best efforts to insure that such interruptions will not adversely affect the health and welfare of the Users. 11.12 Incorporation of Exhibits by Reference. All exhibits attached to this Agreement are incorporated into this Agreement by reference for the purposes set forth herein, as follows: Exhibit A Map of the Development Exhibit B Legal Description of the Development Exhibit C Original TRA Contract Exhibit D Map showing the Development's Point of Entry into the Fort Worth System and Fort Worth's Point of Entry to the TRA System Exhibit E Rate Methodology Wholesale Wastewater Service Agreement Page 17 ATTEST: CITY OF FORT WORTH By: Many Hendrix City Secretary (print name) Title: APPROVED AS TO FORM AND LEGALITY: Assistant City Attorney ATTEST: AQUA UTILITIES,INC., a Texas Corporation By: Corporate Secretary (print name) Title: Wholesale Wastewater Service Agreement Page 18 Exhibit A Map of the Development Exhibit A to Wholesale Wastewater Service Agreement Page 1 ?r 1 IL All CL y � ,;.r r — wY' . i�'�, I_� �y tiT 4y, r y"��. '� ■ '� I , ri a + i tii o 4Y „�• -,. d .0 a„'� rte- c " / �j�. .. . _ ��, .1 A r t , t w i' w r Y Exhibit B Legal Description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906;Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8"iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E, a distance of 222.13 feet to a napped 1/2" iron pin set; THENCE S 52E3422" E,a distance of 867.86 feet to a capped 1/2"iron pin set; THENCE S 44E08'03" E,a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65E58'36" E, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; THENCE S OOE07'20" E along the east line of said Aperion Tract One-A and the west line.of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin Exhibit B to Wholesale Wastewater Service Agreement Page 1 being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47E 15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N OOE11'12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114,a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114,a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOEI 1'12" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114,a distance of 15.00 feet to a capped 1/2"iron pin set; THENCE S 89E4848" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land,more or less. Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT Exhibit B to Wholesale Wastewater Service Agreement Page 2 THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract One-B and the west'line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land, more or less. Exhibit B to Wholesale Wastewater Service Agreement Page 3 Exhibit C Original TRA Contract t Exhibit C to Wholesale Wastewater Service Agreement Page I TRINITY RIVER AUTHORITY OF TEXAS - DENTON CREEK REGIONAL WASTEWATER TREATMENT SYSTEM CONTRACT THE STATE OF TEXAS TRINITY RIVER AUTHORITY OF TEXAS THIS TRINITY RIVER AUTHORITY OF TEXAS - DENTON CREEK REGIONAL WASTEWATER TREATMENT SYSTEM CONTRACT (the "Contract") made and entered into as of the 28th day of OCTOBER, 1987 (the "Contract Date") , by and among TRINITY RIVER AUTHORITY OF TEXAS (the "Authority") , an agency and political subdivision of the State of Texas, being a conservation and reclamation district created and functioning under Article 16, Section 59, of the Texas Constitution, pursuant to Chapter 518, Acts of the 54th Legislature of the State of Texas, Regular Session, 1955, as amended (the "Authority Act") , and the following: CITY OF FORT WORTH, IN TARRANT COUNTY, TEXAS, CITY OF HASLET, IN TARRANT COUNTY, TEXAS, and CITY OF ROANOKE, IN DENTON COUNTY, TEXAS, (collectively the. "Initial Contracting Parties") . W I T N E S S E T H: 'WHEREAS, each of the Initial Contracting Parties is a duly created city and political subdivision of the State of Texas operating under the Constitution and laws of the State of Texas; and WHEREAS, the Authority and the Initial Contracting Parties are authorized to enter into this Contract pursuant to the DFFIC, RECORD z CITY SECRETARY , TEX. CITY 1*1��,R--IVTAkff Authority Act, Chapter 30, Texas Water Code, Vernon's Ann. Tex. Civ. St. Article 4413 (32c) (the "Interlocal Cooperation Act") , and other applicable laws; and WHEREAS, the Authority proposes to acquire and construct a regional Wastewater treatment system to serve the Initial Con- tracting Parties within the watershed or drainage area of Denton Creek, a tributary of the Trinity River, located in Denton and Tarrant Counties, Texas (the "System") ; and WHEREAS the System initially proposed to be acquired and constructed is described in an engineering report of Rady & Associates, Fort Worth, Texas, entitled "Comprehensive Feasibility Study on Denton Creek Regional Wastewater System", dated August, 1987; and WHEREAS, such report, including all amendments and supple- ments thereto made prior to the execution of acquisition and construction contracts for the System and as changed by change orders entered after acquisition and construction contracts for the System have been executed, is hereinafter called the "Engineering Report"; and WHEREAS, it is expected by the parties hereto that as soon as practicable after the execution of this Contract the Author- ity will issue an installment of Bonds to provide part of the money to acquire and construct the System, and thereafter will issue a subsequent installment or installments of Bonds to complete the acquisition and construction of the System, with 2 i F all of said Bonds to be payable from and secured by Annual Payments made under this Contract by the Initial Contracting Parties. NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the Authority agrees to provide Wastewater treatment services of the System to the Initial Contracting Parties under this Contract, and to issue its Bonds and to acquire and construct the System, upon and subject to the terms and conditions hereinafter set forth, to-wit: Section 1. DEFINITION OF TERMS. The following terms and expressions as used in this Contract, unless the context clearly shows otherwise, shall have the following meanings: (a) "Additional Contracting Party" means any party not defined as one of the Initial Contracting Parties with which the Authority makes a contract similar to this Contract for providing services of the System, provided that after execution of any such contract such, party shall become one of the Con- tracting Parties for all purposes of this Contract, unless otherwise specifically provided herein. (b) "Adjusted Annual Payment" means the Annual Payment, as adjusted during or after each Annual Payment Period, as provided by this Contract. 3 (c) "Advisory Committee" means the committee to be created to consult with and advise the Authority with respect _ to the System as provided in Section 10 of this Contract. (d) "Annual Payment" means the amount of money to be paid to the Authority by each of the Contracting Parties during each Annual Payment Period as its proportionate share of the Annual Requirement. (e) "Annual Payment Period" means the Authority's Fiscal Year, which currently begins on December 1 of each calendar year and ends on the last day of November of the next calendar year, and the first Annual Payment Period under this Contract is estimated to be the period of December 1, 1989, through November 30, 1990. (f) "Annual Requirement" means the total amount of money required for the Authority to pay all Operation and Maintenance Expenses of the System, to pay the debt service on its Bonds, to pay or restore any amounts required to be deposited in any. special, contingency, or reserve funds required to be estab- lished and/or maintained by the provisions of the Bond Resolu- tions, all as further described in Section 11 (a) of this Contract. (g) "B.O.D. " (denoting Biochemical oxygen Demand) means the quantity of oxygen utilized in the biochemical oxidation of organic matter under standard laboratory procedure in five days at 20" C. , expressed in milligrams per liter. 4 (h) "Bond Resolution" means any resolution of the Author- ity which authorizes any Bonds. (i) "Bonds" means all bonds hereafter issued by the Authority, expected to be in two or more series or issues, and the interest thereon, to acquire and construct the System (including all bonds issued to complete the acquisition and construction of the System) , and/or all bonds issued subse- quently to improve and/or extend the System, and any bonds issued to refund any Bonds or to refund any such refunding bonds. (j) "Contracting Parties" means the "Initial Contracting Parties", as defined in the' first paragraph of this Contract, together with any other party or parties which hereafter becomes one of the Contracting Parties by becoming an Addi- tional Contracting Party. (k) "Contracting Party" means any one of the Contracting Parties. (1) "Engineering Report" means the "Engineering Report" as defined in the preamble to this Contract. (m) "Garbage" means solid wastes from the preparation, cooking, and dispensing of food, and from handling, storage, and sale of produce. (n) "Grease" means fats, waxes, oils, and other similar nonvolatile materials in Wastewater, which are extracted by 5 freon from an acidified sample using the Partition-Gravimetric method. (o) "Industrial User (III) " means any person, including but not limited to, any individual, firm, partnership, corporation, association, or any other group or combination acting as a unit, or any other legal entity, who discharges or desires to discharge industrial wastes into the System. (p) "Infiltration water" means the water which leaks into a sewer. (q) "Operation and Maintenance Expenses" means all costs and expenses' of operation and maintenance of the System and the Wastewater Interceptor System, including (for greater certainty but without limiting the generality of the foregoing) repairs and replacements for which no special fund is created in the Bond Resolutions, operating personnel, the cost of utilities, the costs of supervision, engineering, accounting, auditing, legal services, supplies, services, administration of the System and the Wastewater Interceptor System, including the Authority's general overhead expenses attributable to the System and the Wastewater Interceptor System, insurance premiums, equipment necessary for proper operation and maintenance of the System and the Wastewater Interceptor System, and payments made by the Authority in satisfaction of judgments resulting from claims not covered by the Authority's 6 insurance arising in connection with the operation and mainte- nance of the System and the Wastewater Interceptor System. The term does not include depreciation. (r) "pH" means the common logarithm of the reciprocal of the weight of hydrogen ions in grams per liter of solution. (s) "Project" means the "Project" as defined in the preamble to this Contract, and as generally described in the Engineering Report. (t) "POTW" means Publicly Owned Treatment Works as defined in 40 CFR 403. (u) "Properly Shredded Garbage" means garbage that has been shredded to such degree that all particles will be carried freely under the flow conditions normally prevailing in public sewers, with no particle greater than 1/2 inch in any dimen- sion. (v) "Significant Industrial User (SIU) " means any indus- trial user who is connected or desires to connect to the Cityfs domestic wastewater collection system and meets at least one of the following criteria: (1) Average industrial wastewater discharge rate greater than 50,000 gpd. (2) BOD and/or suspended solids concentrations in industrial wastewater greater than 250 mg/1. (3) Industrial category regulated by National Pretreatment Standards as promulgated by the United States Environmental Protection Agency. 7 (w) "Suspended Solids" means solids that either float on the surface or are in suspension in water, sewage, or other liquids, and which are removable by laboratory filtering, expressed in milligrams per liter. (x) "System" means the regional wastewater treatment system described in the preamble to this Contract and in the Engineering Report, and all improvements and additions to and extensions, enlargements, and replacements of such facilities which are deemed necessary and feasible by the Authority in order to receive, treat, and dispose of Wastewater from Con- tracting Parties and to comply with the requirements of the Wastewater regulatory agencies of the State of Texas and the United States of America. Said term does not include any facilities acquired or constructed by the Authority with the proceeds from the issuance of "Special Facilities Bonds", which- are hichare hereby defined as being revenue obligations of the Author- ity which are not secured by or payable from Annual Payments made under this Contract and similar contracts with Additional Contracting Parties, and which are payable solely from other sources. (y) "Total Toxic Organics" means the sum of all detected concentrations greater than 10 micrograms per liter for all organic compounds classified as priority pollutants by the United States Environmental Protection Agency. 8 (z) "Trunk Sewer" means any sewer in which sewage from collecting and lateral sewers is concentrated and conveyed to the System. (aa) "Wastewater" means Sewage, Industrial Waste, Munici- pal Waste, Recreational Waste, and Agricultural Waste, as defined in the Texas Water Code, together with Properly Shred- ded Garbage and such Infiltration Water that may be present. (bb) "Wastewater Interceptor System" means the "Interceptor' System" as defined in the "Trinity River Authority of Texas - Denton Creek Wastewater Interceptor System Contract", dated October 28, 2987, executed by the parties to this Contract concurrently with the execution hereof (the "Interceptor Contract") , and being facilities intended to collect and transport Wastewater into the "System", as defined in this Contract, together with any other Wastewater collection and transporation facilities which are not part of the System as herein defined, and which are intended to collect and transport the Wastewater of any Additional Contracting Party into the System as herein defined. Section 2. CONSULTING ENGINEERS; CONSTRUCTION OF SYSTEM. The Authority and the Contracting Parties agree that the Authority will choose the Consulting Engineers for the System, provided that the Consulting Engineers may be changed at the option of the Authority. The Authority agrees to issue its Bonds, payable from and secured by Annual Payments made under 9 this Contract, to acquire and construct the System, and agrees that the System will be acquired and constructed in general accordance with the Engineering Report. It is anticipated that such acquisition and construction will be financed by the Authority through the issuance of two or more series or issues of its Bonds payable from and secured by Annual Payments made under this Contract, and the Authority agrees to issue its Bonds for such purpose. The proceeds from the sale and de- livery of such Bonds also will be sufficient to fund to the extent deemed advisable by the Authority a debt service reserve fund, a contingency fund, and interest on the Bonds during construction; and such proceeds also will be used for the payment of the Authority's expenses and costs in connection with the System (including all engineering and design costs and expenses, and the cost of the land and interests therein related to the System) and the . Bonds, including, without limitation, all financing, legal, printing, and other expenses and costs related to the issuance of such Bonds and the System. It is now estimated that such Bonds to acquire and construct the initial System will be issued in an aggregate amount of approximately $2,800, 000 (whether actually more or less) , which sum is now estimated to be sufficient to cover all the aforesaid costs, expenses, and other amounts. Each Bond Resolution of the Authority shall specify the exact principal amount of the Bonds issued thereunder, which shall mature 10 within the maximum period, and shall bear interest at not to exceed the maximum rates, then permitted by law, and each Bond Resolution shall create and provide for the maintenance of a revenue fund, an interest and sinking fund, a debt service reserve fund, and any other funds deemed advisable, all in the manner and amounts as provided in such Bond Resolution. Each Contracting Party agrees that if and when such Bonds are actually issued and delivered to the purchaser thereof, either -for the purpose of initially acquiring and constructing the System, or subsequently for improving and/or extending the System, the Bond Resolution authorizing the Bonds shall for all purposes be deemed to be in compliance with this Contract in all respects, and the Bonds issued thereunder will constitute Bonds as defined in this Contract for all purposes. Section 3. QUANTITY AND POINTS OF ENTRY. (a) In con- sideration of the payments to be made by each Contracting Party under this Contract, each such Contracting Party is entitled, during each Annual Payment Period while the System is in operation, to discharge into' the System at its Point or Points of Entry hereinafter described, all of the Wastewater which is generated within its boundaries which are within the watershed or drainage area of Denton Creek, subject to the restrictions hereinafter stated; and provided that each such Contracting Party must transport such Wastewater to its Point or Points of Entry. Further, each Initial Contracting Party shall be 11 obligated to transport and discharge into the System at its Point or Points of Entry all Wastewater which is generated within its boundaries which are within the watershed or drainage area of Denton Creek, except for reasonably small fringe areas which could be more cost effectively served by other means, and which are approved by a majority vote of the Advisory Committee and approved by the Authority. (b) The combined maximum rate at which Wastewater is dis- charged by each Contracting Party at all of its Points of Entry shall not exceed a rate which, if continued for a period of twenty-four hours would equal 3.50 times such Contracting Party's estimated average daily contributing flow of Wastewater for the then current Annual Payment Period. The total quantity of Wastewater discharged into the System shall never exceed the amount which the System is capable of receiving, treating, and disposing, unless approved by a majority vote of the Advisory Committee and approved by the Authority, subject to terms and conditions to be established by the Authority. Notwithstanding the foregoing, no Contracting Party shall ever make any dis- charge into the System which would cause it to be overloaded or be in violation of its permits from the State of Texas and/or the United States of America. (c) Wastewater meeting the quality requirements of Section 4 of ,this Contract will be received into the System at the Points of Entry, respectively, shown for each Initial 12 Contracting Party, respectively, in the Engineering Report, or at such other or additional Points of Entry that may be estab- lished by mutual agreement between the Authority and a Con- tracting Party in the future, if such other or additional Points of Entry are determined by the Authority to be econom- ical and beneficial to the System, and such Contracting Party pays any costs related thereto which the Authority determines should be paid by such contracting Party. (d) It is the intention of the parties hereto that the System shall be acquired, constructed, extended, and improved so that at all reasonable times it will be capable of receiv- ing, transporting, treating, and disposing of all eligible Wastewater generated within the boundaries of each Contracting Party which are within the watershed or drainage area of Denton Creek and which such Contracting Party delivers to its Point or Points of Entry, and that the Authority will from time to time issue its Bonds in such amounts as are, within its judgment and discretion, sufficient to achieve such results. Section 4. QUALITY. The obligation of the Authority to receive into the System such Wastewater depends upon compliance by each Contracting Party with the provisions of this Section. General Objectives of Quality Requirements. In order to permit the Authority to properly treat and dispose of each Contracting Party's Wastewater; to protect the public health; and to permit cooperation with other agencies 13 which have requirements for the protection of the physical, chemical, and bacteriological quality of public water and water courses, and to protect the properties of the System, each Contracting Party agrees: (a) Admissible Dischagges into Authority"s System. Discharges into the System shall consist only of Wastewater and other waste free from the prohibited constituents listed in Subsection (b) and limited in B.O.D. , Suspended Solids, dis- solved sulfides, and pH as hereinafter provided. (b) Wastes Not Admissible. Gasoline; cleaning solvents; non emulsified oils and greases; mineral oils; ashes; cinders; sand; gravel ; tar; asphalt; ceramic wastes; plastics; other viscous substances; feathers; hair; rags; metal; metal filings; glass; wood shavings; sawdust; unshredded garbage; toxic, corrosive, explosive or malodorous gases; acetylene generation sludge; cyanides or cyanides or cyanogen compounds capable of liberatling hydrocyanic gas on acidification in excess of 2 mg/1 by weight as CN; radioactive materials which will permit a transient concentration higher than 100 microcuries per liter; emulsified oil and grease, exclusive of soaps, exceeding on analysis an average of 100 mg/1 of ether-soluble matter; acids or alkalis having a pH value lower than 6. 0 or higher than 10.0; and Wastewater containing specific pollutant concentra- tions in excess of any of the numerical limitations named hereunder be prohibited from discharge to the System: 14 Maximum Allowable Pollutant Concentration fuall) Arsenic 100 Barium 1,000 Cadmium 100 Chromium 1,000 Copper 1,500 Lead 1,000 Manganese 1,500 Mercury 5 Nickel 1,000 Selenium 50 Silver 100 zinc 2,000 Total Toxic Organics 1, 000 (c) Biochemical Oxygen Demand (B.0.D. ) . B.O.D. of Wastewater delivered to the System, as determined by standard methods, shall not exceed 250 mg/1. (d) Total Suspended Solids. Total Suspended Solids delivered to the System, as determined by Standard methods, shall not exceed 250 mg/1. (e) Hydrogen Ion Concentration (PH) . The pH of Waste- water delivered to the System shall be not lower than 6. 0 nor higher than 10.0. No acids- shall be discharged into the Authority's System unless neutralized to a pH of 6.0 or more. (f) Hydrogen Sulfide Concentration. Dissolved sulfides in Wastewater at the point of delivery to the System shall not exceed 0.1 mg/l. (g) Prohibited Discharge Limitations Subject to Change. Notwithstanding the foregoing provisions of this Section, the 15 parties hereto agree and understand that Federal and State Regulatory Agencies periodically modify standards on prohibited discharges; therefore, revisions to, additions to, or deletions from the items listed in this Section may become necessary in the future to comply with these latest standards. It is the intention of this Contract that prohibited discharge require- ments be reviewed periodically by the Authority and revised in accordance with the latest standards of any Federal or State Agency having regulatory powers. Any required revisions shall be made and written notice thereof given to each Contracting Party. Each Contracting Party shall be responsible for inte- grating such changes into the local industrial waste ordinance and notifying- all affected users of the change within ninety days following written notice to the Contracting Party of such changes. (h) To determine normal quality of Wastewater, the Authority will collect twenty=four hour composite samples of Wastewater at each Point of Entry and cause same to be analyzed in accordance with testing procedures as set forth in the latest edition of Standard Methods of Examination of Water and Wastewater, published by American Public Health Association, Inc. Composite samples will normally be taken once a month, or at more frequent intervals if necessary to determine Wastewater quality. As provided above, such Wastewater shall not exceed 16 the limits of concentration specified for Normal Wastewater as follows: Normal Wastewater Concentration BOD 250 mg/1 TSS 250 mg/1 pH, not less than 6 nor greater than 10 Hydrogen Sulfide 0.1 mg/1 Should the analysis disclose concentrations higher than those listed, the Authority immediately will inform the Con- tracting Party which made the discharges resulting in the violation of this Section, and such discharges shall cease immediately. However, with the approval of the Authority, Wastewater with concentrations of BOD and TSS greater than specified above may be discharged by a Contracting Party into the System on an emergency and temporary basis, subject to the payment of a surcharge (in addition to all other payments required by this Contract) , which surcharge shall be determined by the Authority and shall be in an amount sufficient to cover and pay for all additional costs of transportation, treatment, and disposal related to such discharges. Section 5. METERING OF WASTEWATER. The Authority will furnish, install, operate, and maintain at its expense the necessary equipment and devices of standard type required for measuring properly all Wastewater discharged into the System by each Contracting Party, respectively, through its Point or Points of Entry, respectively. Such meters and other equipment shall remain the property of the Authority. Each Contracting 17 WK-JA,l ".R"'^,UU CITY � r 'I ��;G U Party shall have access to such metering equipment at all reasonable times for inspection and examination, but the reading, calibration, and adjustment thereof shall be done only by employees or agents of the Authority in the presence of a representative of the affected Contracting Party or Parties if requested by such Contracting Party or Parties. All readings of meters will be entered upon proper books of record main- tained by the Authority. Upon written request any Contracting Party may have access to said record books during reasonable business hours. Not more than three times in each year of operation, the Authority shall calibrate its meters, if re- quested in writing by the affected Contracting Party or Parties to do so, in the presence of a representative of such Contract- ing Party or Parties, and such parties shall jointly observe any adjustments which are made to the meters in case any adjustment is found to be necessary. If, for any reason, any meters are out of service or out of repair, or if, upon any test, the percentage of inaccuracy of any meter is found to be in excess of five (5%) per cent, registration thereof shall be corrected for a period of time extending back to the time when such inaccuracy began, if such time is ascertainable, and if not ascertainable, then for a period extending back one-half (1/2) of the time elapsed since the date of the last calibra- tion, but in no event further back than a period of six (6) months. Any Contracting Party may, at its option and its own 18 expense, install and operate a check meter to check each meter installed by the Authority, but the measurement for the purpose of this agreement shall be solely by the Authority's meters, except as in this Section specifically provided to the con- trary. All such check meters shall be of standard make, shall be installed in a location approved by the Authority, and shall be subject at all reasonable times to inspection and examina- tion by any employee or agent of the Authority, but the read- ing, calibration, and adjustment thereof shall be made only by the Contracting Party or Parties, except during any period when a check meter may be used under specific written consent by the Authority for measuring the amount of Wastewater delivered into the System, in which case the reading, calibration, and adjust- ment thereof shall be made by the Authority with like effect as if such check meter or meters had been furnished or installed by the Authority. Section 6. UNIT OF MEASUREMENT. The unit of measurement for Wastewater discharged into the System hereunder shall be 1,000 gallons, U. S. Standard Liquid Measure. Section 7. LIABILITY FOR DAMAGES AND RESPONSIBILITY FOR TREATMENT AND DISPOSAL OF WASTEWATER. Liability for damages arising from the transportation, delivery, reception, treat- ment, and/or disposal of all Wastewater discharged into the System hereunder shall remain in each Contracting Party to its Point or Points of Entry, respectively, and title to such 19 Wastewater shall be in such Contracting Party to such Point or Points, and upon passing through Points of Entry liability for such damages shall pass to the Authority. As between the Authority and each Contracting Party, each party agrees to indemnify and to save and hold the other party harmless from any and all claims, demands, causes of action, damages, losses, costs, fines, and expenses, including reasonable attorney's fees, which may arise or be asserted by anyone at any time on account of the transportation, delivery, reception, treatment, and/or disposal while title to the Wastewater is in such party, or on account of a prohibited discharge by a Contracting Party. The Authority has the responsibility as between the parties for the proper reception, transportation, treatment, and disposal of all Wastewater discharged into the System, but not for prohibited discharges discharged by any party at any Point of Entry. Section B. REPORTING REQUIREMENTS. (a) Approximately thirty days after the end of each Annual Payment Period each Contracting Party, respectively, shall furnish in writing to the Authority the following information with respect to such Contracting Party: (1) The number of active domestic sewer connections tributary to the System and which will be served by the System; (2) The number of commercial and business swver connec- tions to be served by the System; 20 (3) The number of industrial connections to be served by the System, with name and location of each. The purpose of this provision is to permit the Authority to accumulate statistical data which will enable it to render better service and facilitate plans for betterment and future facilities expansion. (b) Industrial Waste. The effects of certain types of Industrial Waste upon sewers and sewage treatment processes are such as to require that careful consideration be made of each industrial connection. This is a matter of concern both to the Authority and to the Contracting Parties. Accordingly, each Contracting Party shall regulate the discharge of Industrial Waste generated by a SIU into its sewer system, and will authorize discharge of Industrial Waste into its sewers subject to the general provision that no harm will result from such discharge and subject to the filing by applicant industry of a statement, copy of which shall be forwarded to the Authority, containing the following information: (1) Name and address of applicant; (2) Type of industry; (3) Quantity of plant waste; (4) Typical analysis of the waste; (5) Type of pre-treatment proposed. To facilitate inspection and control of Industrial Waste, each Contracting Party will require industries to separate 21 Industrial Waste from Sanitary Sewage until such Industrial Waste has passed through a monitoring portal which shall be located so as to be accessible at all times to inspectors of such Contracting Party. If inspection indicates that damage might result from the discharge the permit shall be revoked unless and until the industry promptly establishes acceptable remedial measures. At regular intervals the Authority will collect twenty-four hours composite samples of all Wastewater at each Point of Entry and cause same to be analyzed by American Public Health Association Standard Methods. Such Wastewater shall not exceed the limits of concentration specified in Section 4 of this Contract. Should the analysis disclose concentrations higher than those stipulated the Authority immediately will inform the affected Contracting Party of such disqualification. It shall be the obligation of such Contracting Party to require the offending originator of said highly concentrated materials to immediately initiate and undertake remedial pre-treatment or other legal means before discharge into such Contracting Party's sewers. (c) Ordinances. Each Contracting Party, respectively, agrees that it has enacted or will enact ordinances as neces- sary to include the following provisions: (1) For each existing and future SIU, the Contracting Party shall require said user to complete and submit a permit application containing that information specified" in the sample 22 application form which is attached hereto as Exhibit 1 immedi- ately following this Section 8 (c) . The Authority shall be provided a copy of the permit application within thirty days after receipt by the Contracting Party. The Authority shall provide comments on said application within thirty days of receipt and return comments to the Contracting Party. Failure to comment shall be construed as concurrence by the Authority. After approval of the Permit Application by both the Contracting Party and the. Authority, the Contracting Party shall issue a permit to discharge containing the requirements as shown on the form which is attached hereto as Exhibit 2 immediately following Exhibit 1 at the end of this Section 8 (c) . Said permit to discharge shall be required of all SIUs before said user will be allowed to discharge industrial wastes into the sewage system. A copy of the permit to discharge shall be forwarded to the Authority for approval prior to the issuance to the SIU. (2) The Contracting Party shall require significant industrial users to comply with applicable Federal Categorical Pretreatment Standards as well as any applicable state and local standards. (3) The Contracting Party shall maintain certain informa- tion contained in permit applications as confidential at SIU's request. 23 (4) The Contracting Party shall disallow dilution as a means of reducing pollutant concentrations in an SIU's waste stream. (5) The Contracting Party shall be authorized to enter SIU premises at any time for independent monitoring, inspec- tion, or review of applicable records to determine compliance. (6) The Contracting Party shall develop and require adherence to SIU compliance schedules. (7) The Contracting Party shall require self-monitoring and reporting at SIU's expense. (8) The Contracting Party shall choose or approve labora- tory to analyze industrial wastes. (9) The Contracting Party shall require SIU's to pay applicable fees for: (i) sampling and testing to determine compliance (ii) disconnection/reconnection of service resulting from noncompliance (iii) abnormal strength wastes (iv) additional costs incurred by Contracting Party or POTW in transporting or treating wastes (v) filing, revision, or renewal of Permit Application (10) The Contracting Party shall provide public notifica- tion for instances of violation. 24 (11) The Contracting Party shall deny/revoke permit, disallow/disconnect service, assess civil or criminal penal- ties, and seek other available legal and equitable remedies against SIU for: (i) discharge to sewerage system resulting in violation of POTW's discharge permit conditions (ii) hazard to health or life of POTW personnel or users of receiving waters (iii) violation of any applicable ordinance or regulation (iv) false information transmitted to approving authority through Permit Application, monitoring reports, etc. The Contracting Party shall furnish to the Authority all documents and records, in addition to those outlined herein, as necessary to demonstrate compliance by all industries. 25 EXHIBIT I PERMIT APPLICATION CITT OF Date: To: Significant Industrial Users From: Subject: Application for a Permit to Discharge Industrial Wastewaters to the Sanitary Suer System. Ordinance number has been adopted for the purpose of regulating the wte quality of industria rwaters contributed to the sanitary sewer. The objectives of the Ordinance are to prevent damage or obstruction to the sewer. to avoid interference with the regional wastewater treatment plant operated by the Trinity River Authority, and to comply with state and federfl regulations regarding pretreatment of. industrial wastes. Significant industrial users must obtain a Permit to discharge industrial wastewaters to the sewer. The Permit authorizes your discharge and sets forth criteria for discharge quality and requirements for reporting. The attached application for a Permit must be completed and returned to the Mailing address shown below within 180 days. A fee of must accompany this Application. The City and the Trinity River thorny will review your application. Additional information such as evidence of treatabflity may be requested from either entity. The City wilt return a Permit to you upon approval of your application and will either approve or deny said application within 90 days of its receipt by City. Please address questions concerning the Industrial Wastewater Ordinance Permit to: ' f i EXHIBIT I (CONT-0) APPLICATION FOR A PERMIT TO DISCHARGE INDUSTRIAL WASTEWATER TO THE SANITARY SEWER Note to Signing Official: Please complete and return this appl7cation within IBO days. Signing officials must have authorization to provide information on behalf of the company. Information considered confidential by your company should be clearly marked so that this information can be maintained in separate, limited access files. SECTION A. GENERAL INFORMATION 1. Company name 2. Mailing address lip e 3. Facility address a ep one Number (address where sewer service Is requested 4. Is company currently in operation at facility address? YES _ NO SECTION S. PRODUCTS DR SERVICE INFORMATION 1. Brief description of manufacturing processes or service activity at the facility including rate of production, if applicable: 2. Principal raw materials, including chemicals. catalysts. solvents, etc., used in any phase of the manufacturing process or service activity: 3. Number of employees Hours per day of operation Days per week of operatTon 4. Standard Industrial Code Number (4 digits). S. List other environmental control permits held at this time. I6. Attach a property plat prepared by an engineer or architect showing i locations of water and sewer connections. manholes. traps, etc. Also indicate the locations of an acceptable monitoring station for Coliecting samples and measuring flows of the industrial wastewater streams prior to ` discharge to the sanitary sewer. I ' EXHIBIT 2 PERMIT FORM CITY OF PEPX IT TO DISCHARGE INDUSTRIAL WASTEWATERS TO THE SANITARY SEWER Nave of Industry (Permittee) Address (location of sewer service Permit No. Account No. s Tne above named Permittee is authorized to discharge industrial wastewaters to the sanitary sewerage system according to the provisions of this Permit. Avthorization is granted for a period begfnnfng until Authorized epresentatjre -Date City of a EXHIBIT 2 (C0NT'D) A. EFFLUENT LIMITATIUKS Tne quality of permittee's industrial discharges rill be limited by the provisions of City Drdinance No. and the National Pretreatment Regulations which Include the following numerical limitations: STANDARDS Average Concentration Pollutant or Maximum Allowable and/or Load Pollutant Property Concentration, mg/l mg/l or lb/day The discharge of any pollutant at a level to excess of that identified and authorized by this permit. shall constitute a violation of the terms and conditions of this permit. Such a violation may result in permit revocation and/or the imposition of civil and/or criminal penalties. B. MDNITDRING AND REPORTING 1. Permittee shall collect representative samples of the wastewater discharge and analyze these waters for the pollutants Indicated in Section A. where feasible, samples shall be obtained using flow proportional composite sampling techniques specified in the applicable Categorical Pretreatment Standard. Inhere composite sampling is not feasible. grab sampling is acceptable. The permittee shall collect and analyze sample(s) during a period. nu-Ter) interval) 2. Permittee shall sumaarize monitoring information on a copy of the attached 'Significant Industrial User Self Monitoring Report' form. i Duplicates of this form shall be submitted during the months of and of each year to: City Engineer City of with copy to: Pretreatment Program Manager Trinity River Authority of Texas P. 0. Box 240 Arlington. Texas 760I0 EXHIBIT 2 (CONT-D) 3. Failure to submit any report or information required by this permit shall constitute a violation. 4. Any changes in the characteristics of the industrial discharges as a result of modifications to the industrial processes must be reported. modifications to the permit may then be made to reflect any necessary changes in process conditions. including any necessary effluent limitations for any pollutants not identified and limited herein. This permit is not transferrable to companies or processes other than those to which it is originally issued. S. Permittee shall immediately notify the treatment plant manager at (214) 22S-3462 in the event of a slug loading of pollutants as a result of an operational failure of pretreatment facilities or accidental spills. 6. Pemittee must maintain records of all information resulting from any monitoring activities for a minimum period of 3 years. Such records rill include for all samples: (i) The date, exact place, method, and time of sampling and the names of the person or persons taking the samples; (ii) The dates the analyses were performed; (iii) Who performed the analyses; (iv) The analytical techniques/methods used; and (v) The results of such analyses. Records shall be made available for inspection and copying by the city. or its representatives. 7. Compliance Schedule: Activity Date 8. Permittee is advised that he may need to comply with additional regulations listed as follows: EXHIBIT 1 (CONT'D) SECTION C. WASTEWATER DISCHARGE INFORUTIDN I. Indicate the types and quantity of industrial wastewater by completing the table below; Check Industrial Flow Flow Flow Appropriate Flow Metered Estimated Proposed Bot For Average Daily/ (check (check For New Type Of Maximum Daily if yes) if yes) Industry Wastewater (check if yes) (a) Process Wastewater; Continuous Discharge Batch Discharge (b) Boiler Blowdown (c) Cooling Water Release (d) Plant and Equipment Washdown (e) Other sped y For each wastewater stream attach a schematic of water flow that depicts the water source, industrial units where water is used and pretreatment units. 2. Wastewater Quality. The applicant must present information on the quality of industrial wastewaters. Samples collected from wastewater streams should be representative of daily operations. Analytical 'procedures should follow those in Standard Methods for the Examination of Water and Yastewater. APKA-kWWk-WPCF. 14th Ldition. 191b. EXHIBIT 1 (COHT'D) (a) Conventional Pollutants - in the spaces below. indicate the average and maximum value of each constituent in the discharge. Maximum Average Wastewater Constituent Value value Biochemical Oxygen Demand (5 day) 09/1 Total Suspended Solids mig/1 PH PH units Temperature of 1' EXHIBIT I (COMT'D) (b) Prlarlty Peitetaat tafarmatleal Please loeltate by placlal Y 'I' la the appropriate bet by each listed chemical whether It Is 'Sel►ected to be Abseat% 'Lme.■I to be .►seat'. 'Srspected to be hetemte. or 'Mewl to be Presses' In year ■aaefocterla1 or lerelce activity or Isaerated as a b3-prodect. hen■ s � s- .3 i°• tK■ruc m.ro■41y a s '59 + c+sawt t a■eee.o s 8 t. owheur (rl.r..a) 1 1 1 1 1 K. t,ldicblxlal►re L ),MIM (tatall y { fit. s,l jlc\larrther 3. ebtlr., (tet•l) t ; i 1 ( a+. t..t.l.3.dlca►aratt\tr ea (total) 1 1 1 4. ora►e so. L"Itbleroebvbol 1 1 1 s. 1er7111r (tarot) /d. I.2-0Ichlerebrww t• ca�tme tato) n. (cit 6 swept l.3-elc\lxeerq.r (( 1. crrl.at(taLa1) tt. slalarla 1 4 wo.r (taull t1. amort pµa.lote t. AY (total) la. 1,adleetylPrrl • 14 a.c.rr (total) R. atrtbrl phthelote l 1 1L. '.Ictal (total) 1 rt. el+rwt/l Pbthelatb l 1 " 11. Swiveled, (tatal1 31. a{r.acttl Pktrtate l ' Lt. tier, (totall 3e. 4.ldleltPa-1s 0riraa.ai ,}! L4, eballled, (tlaall re. Z,a.omtlrevbwrl Is. tree (total) M. Z.t•Bloitratolvw.v 1 1s. ocw .trr p ( 0Lr Z,a-4lalLratelerr 0 wrrylw r { 9L1J.41phoe71y0ratlr it. otrelale U. w.asaalrma I ( t lf. mart 1■eltAlw 1 K ewrltoo It 1.. alert. 1t. =&orlfa\ tl. wrocw as. aporia tt, Maar i f I I It. orrla aldo"e l 1 ! 1 l 1 ))) t3. reelletr ` ( So ere/lt.ean" 1 1 I.. b.ao (ai o.e... ( i i 1 M. Mor-t.e" n. 1..aa la Pyre" ((11 1 ((( 14 flex= It. b.ae i►1 rHxa■Ir.a ( � ( tt. heptoc\lar tt. baae ls,ll w.rlter1 (I 3 beotac\ler awua n r ( ( 1 tt, b. (ol ft.rabw ( 93• baocelxahearw tf. a-eec otaat) e4. 6eaKalertivtNl= 3s. b-WC beta 1 n. batK\1xeIL leewtaele.4 11. $44(aIle) {{� 1 te. boecsixp�w ) ( ) Ss. 944(Va-a) r 1 1 � . � tt. lY= (t.t.3se)rr� 33. bit (t-ealxe,tb/ll other ` s4 ttaraxor 34• bel ttblarrth" I other ) ( ts. eat.tar supe{« 1 1 1 1 ( 1 rip bq t cblonuoorm 11 other Z t 104 uratbal= 1 1 It, art cUxsrtyt etherdtrwwo= 1 1 3/. ►Is (1�tbr{barli,blhetota ( ) 10t. 1.altnv+e41 1 1 Ie• err>I[4lereatb..e ) ( ( lel. 6rltroaWr) fl, roetvre 1 10a, hrltretrleetproof •e. ro�wt►w 1 It#. er[trv►Yl.0yrea/la.Ir s1• t-ro.ebw.71/re/l other lea. a+►/raw./►,"./►ease 1 1 ..t,ll..y1 ,.er1.t. i i l i 11 ( i lu. .u.tela l l 43. carbo. totracblx{r .r. n.lerea.e la. ru_test .l. .K.Ivrs.3�■tyl,rrt i t f t i t 1 11.. pts.{:a1 11 1 1 � i 1 .t. Lbirobmew I I 1 1 t l 11 til. PtA.tt/e 1 1 1 ! 1 1 at, calrrtbv* Its. Ks-leN ao. t•eblxrtb,h.l.71 other i 1 i R 11 1 113. PCs.lrao at„alorofor ! ! 1 1 ! 1 w 114. Pe.tacblaror..r{ w, eblar�webo., tu. "etrvr ll. 3Kblxwpwlf.* /)) til. ahemol It. ti•ixprrl ` } ( ill• errrme ll. atUKwr.!{ar./i elf/ 11 11 i t i t t{4 .1.IrrtelfK\IerYlb.afM 1 ! 1 1 1 1 1 1 N. the ww 11. e,4•.m0 ( 1 ( ! ((( ( ) the, 1.1.e,t-tetrKbloMrtaar ( } ( ( ) 11. a,a•.00C ( ! ( 1 ( ( ( 1 t30. terrKblaraatbe.a ( 1 � { ! 1 M. alb..ro (o.bl=.seam= 1 ( 1 1 iii. io.a •w t l 1 1 ! 1 t l N. a[ra..eeblrwnaw 1 1 1 i 1t3. t.l.t-trteelxwr.ee.a ae, l.t'altblreb.wa.a Its. 1.1,1-lflLblrr[ba.w 1 aI. {.3y1e\Isreb..fw its. t.1,t• lLblOrellrr 1 13 1 1 1 1 t 1 S " It. l,arlea►r.b.erw ) ! ( Its. trltbtxlfrlbv.e 1 ! 1 1 1 1 l ) a1. 3.I•elcsls•ea+.Helrtrlcblxetl celx �wree.e[►rr ( ! 1 l 1 a. el rin..re.lr.e 1 l ` rte. t.L.t.trlce►vrooa.rl 1 1 l 1 I I ( 1 u. l,trlcblvrer{rr l 1 l 1 l 1 1 1 us. .-Fl cb{xir 1 1 1 1 1 1 11 EXHIBIT 1 (CONT'D) For Oemical compounds which are indicated to be 'Known Present' please list and provide the following data for each (attach additional sheets if needed). Estimated Average Kasimum Annual Loss To Concentration Concentration Item Usage Sewer In Discharge In Discharge NO. Chemical Compound (lbs) (lbs/year) (m9/1) EXHIBIT I (CONT'D) ]. is your discharge subject to national Pretreatment Standards established under 4D CFR, Chapter 1. Subchapter R. TES RD The above question must be answered with certainty. For additional information regarding Rational Pretreatment Standards. applicant should contact Region Y1 of the Environmental Protection Agency at 214) 767-2610 or the Trinity River Authority, Rorthern Region Dffice at (Eli) 467-4221. 4. For existing significant industrial users, if the answer to the above Question is yes. please indicate the applicable pretreatment standards in the space provided below and attach a statement reviewed by applicant's authorized representative and certified by a qualified. professional. indicating whether applicable pretreatment standards are being met on a consistent basis. If applicable pretreatment standards are not being met on a consistent basis. certified statement should indicate the following; A. Whether additional. operation and maintenance (06M) and/or additional- pretreatment is required for applicant to meet pretreatment standards; and b. The shortest schedule by which applicant will provide aiditional DLM or pretreatment. The completion date in this schedule must not be later than compliance date established for applicable pretreatment standard. Applicable Standards Constituent Limit(&) i EXHIBIT I (CDHT-D) S. For new significant industrial users describe the pretreatment processes proposed for your facility to meet the requirements listed in item 4. (Examples: neutralization. materials recovery. grease traps. sand traps. etc.} I Lhe undersigned applicant. being the authorized representative of the herein named company, do hereby request a Permit to continue to use or to establish an industrial serer connection at the location indicated herein and do agree to comply with provisions of City Ordinance Signature of Applicant Date Race of Si ghee (PleasePrint) Kame and phone number of person to contact regarding Permit information. CORPORATE ACKNOWI.EDGKEKT THE STATE OF TEXAS. COUKTY OF Before me. the undersigned authority. on this day personally appeared of a corporation. known to me to be the person whose name is subscribed to the foregoing instrument. and acknowledged to me that he executed the same for Purposes and Considerations therein expressed. in the capacity therein stated and as the act and deed of said corporation. Given under my hand and seal of office on this day of . 19 Notary Public in and for County. Texas Ky Commission Expires: ' Section 9. OTHER CONTRACTS. (a) The Authority reserves the right, with the approval of a majority vote of the Advisory Committee, to enter into contracts to provide the Wastewater services of the System to Additional Contracting Parties under contracts similar to this Contract, subject to the requirements concerning "minimums" as hereinafter provided. Each contract with any Additional Contracting Party shall comply with the requirements of this Contract, shall substantially restate the essential provisions of this Contract, and shall be structured to be similar hereto to the fullest extent applicable and practicable, with such additions or changes as are necessary to meet the actual circumstances, with the effect that each Additional Contracting Party will substantially adopt the provisions of this Contract, as supplemented and necessarily changed by its contract. However, the Authority shall not obligate itself to receive Wastewater into the System from any future Additional Contracting Party if, in the judgment and discretion of the Authority, such obligation would jeopardize the Authority's ability to meet its obligation to receive, transport, treat, and dispose of Wastewater discharged into the System by prior Contracting Parties, including specifically the Initial Contracting Parties. (b) It is further recognized and agreed that in the future the Authority may provide services of the System to parties which are not Additional Contracting Parties, provided 26 that all such services of the System to parties which are not Additional Contracting Parties shall in all respects be sub- ordinate to the prior rights of the Contracting Parties, and all contracts or other arrangements relating to such services shall recognize, and be made subordinate to, such prior rights. (c) Each Contracting Party shall have the right, with the approval of a majority vote of the Advisory Committee and the approval of the Authority, to negotiate and enter into subcon- tracts with any other city or other entity under which such other city or entity may discharge Wastewater generated within the drainage area of Denton Creek, but outside the boundaries of such Contracting Party, into such Contracting Party's sewers, to be transported into the System at such Contracting Party's Point or Points of Entry along with such Contracting Party's Wastewater generated within the drainage area of Denton Creek. In such case such additional Wastewater shall be regarded as being the Wastewater of such Contracting Party for all purposes of this Contract. The consideration as between or among such cities or other entities may be determined by such parties, but no such transaction shall relieve the Contracting Party of its obligations to the Authority under the terms of this contract. Section 10. ADVISORY COMMITTEE. (a) The governing body of each of the Contracting Parties annually shall appoint one of the members of its governing body or one of its employees as 27 a voting member of the Advisory Committee for the System, which Advisory Committee is hereby created and established. The Advisory Committee, at its first meeting, shall elect a Chairman, a vice Chairman, and a Secretary. The Advisory Committee may establish bylaws governing the election of officers, meeting dates, and other matters pertinent to the functioning of the Advisory Committee. The Advisory Committee shall consult with and advise the Authority, through its General Manager or his designated representative, with regard to the following matters pertaining to the System: (i) The issuance of Bonds; (ii) The operation and maintenance of the System; (iii) Additional Contracting Parties and the terms and conditions of the contracts with such parties, consistent with the provisions of this Contract; (iv) Contracts for services to entities which are not Additional Contracting Parties, and the prices, terms, and conditions of such contracts consistent with the provisions of this Contract; (v) The Authority's Annual Budget, prior to its submission by the Authority's General Manager to the Authority's Board; (vi) Review of the Authority's Annual Audit; (vii) All other pertinent matters relating to the management of the System; and 28 (viii) Improvements and extensions of the System. The Advisory Committee shall have access to and may inspect at any reasonable times all physical elements of the System and all records and accounts of the Authority pertaining to the System. A copy of the minutes of the meetings of the Advisory Committee and all other pertinent data, shall be provided to the members of the Advisory Committee. (b) The term of membership on the Advisory Committee shall be at the pleasure of each governing body represented, respectively, and each member shall serve until replaced by such governing body. All expenses of the Advisory Committee in discharging its duties under this Section shall be considered as an Operation and Maintenance Expense of the System. Section 11. FISCAL PROVISIONS. (a) Subject to the terms and provisions of this Contract, the Authority will provide and pay for the cost of the acquisition and construction of the System and all System facilities, by issuing its Bonds in amounts which will be sufficient to accomplish such purposes, and the Authority will own and operate the System. It is acknowledged and agreed that payments to be made under this Contract and similar contracts with Additional Contracting Parties, if any, will be the primary source available to the Authority to provide the Annual Requirement, and that, in compliance with the Authority's statutory duty to fix and from time to time revise the rates of compensation or charges for 29 services of the System rendered and made available by the Authority, the Annual Requirement will change from time to time, and that each such Annual Requirement shall be allocated among the Contracting Parties as hereinafter provided, and that the Annual Requirement for each Annual Payment Period shall be provided for in each Annual Budget and shall at all times be not less than an amount sufficient to pay or provide for the payment of: (A) An "operation and Maintenance Component" equal to the amount paid or payable for all operation and Mainte- nance Expenses of the System and the Wastewater Interceptor System. It is understood and agreed that although the Wastewater Interceptor System will not be a part of the System as defined in this Contract, it will consist of facilities which are ancillary to and integrated into the operation of the System, and therefore will be operated and maintained in effect as a part of the System under the provisions of this ' Contract, consistent with the terms of the Interceptor Contract; and (B) A "Bond Service Component" equal to: (1) the principal of, redemption premium, if any, and interest on, its Bonds, as such principal, redemption premium, if any, and interest become due, less interest to be paid out of Bond proceeds or from other sources if permitted by 30 any Bond Resolution, and all amounts required to redeem any Bonds prior to maturity when and as provided in any Bond Resolution, plus the fees, expenses, and charges of each Paying Agent/Registrar for paying the principal of and interest on the Bonds, and for authenticating, registering, and transferring Bonds on the registration books; and (2) the proportionate amount of any special, contingency, or reserve funds required to be accumulated and maintained by the provisions of any Bond Resolution; and (3) any amount in addition thereto sufficient to restore any deficiency in any of such funds required to be accumulated and maintained by the provisions- of any Bond Resolution. Section 12. ANNUAL BUDGET. Each Annual Budget for the System shall always provide for amounts sufficient to pay the Annual Requirement. The Annual Budget for the System for all or any part of the Annual Payment Period during which the System is first placed into operation shall be prepared by the Authority based on estimates made by the Authority after consultation with the Advisory Committee. on or before August 1 of each year after the System is first placed in operation, the Authority shall furnish to each Contracting Party a 31 preliminary estimate of the Annual Payment required from each Contracting Party for the next following Annual Payment Period. Not less than forty days before the commencement of the Annual Payment Period after the System is first placed into operation, and not less than forty days before the commencement of each Annual Payment Period thereafter, the Authority shall cause to be prepared as herein provided its preliminary budget for the System for the next ensuing Annual Payment Period, which budget shall specifically include the Operation and Maintenance Component and the Bond Service Component. A copy of such preliminary budget shall be filed with each Contracting Party. The preliminary budget shall be subject to examination, at reasonable times during business hours, at the office of the City Secretary of' 'each Contracting Party. If no protest or request for a hearing on such preliminary budget is presented to the Authority within ten days after such filing of the preliminary budget by one or more Contracting Parties or by the owners of a minimum of 251 in principal amount of the Bonds then outstanding, the preliminary budget for the System shall be considered for all purposes as the "Annual Budget" for the next ensuing Annual Payment Period. But if protest or request for a hearing is duly filed, it shall be the duty of the Authority to fix the date and time for a hearing on the prelim- inary budget, and to give not less than ten days notice thereof to the Contracting Parties. An appropriate committee of the 32 Authority shall consider the testimony and showings made in such hearing and shall report its findings to the Board of Directors of the Authority. The Board of Directors may adopt the preliminary budget or make such amendments thereof as to it may seem proper. . The budget thus approved by the Board of Directors of the Authority shall be the Annual Budget for the next ensuing Annual Payment Period. The Annual Budget (includ- ing the first Annual Budget) may be amended by the Authority at any time to transfer from one division thereof to another funds which will not be needed by such division. The amount for any division, or the amount for any purpose, in the Annual Budget may be increased through formal action by the Board of Direc- tors of the Authority even though such action might cause the total amount of the Annual Budget to be exceeded; provided that such action shall be taken only in the event of an emergency or special circumstances which shall be clearly stated in a resolution at the time such action is taken by the Board of Directors. Certified copies of the amended Annual Budget and resolution shall be filed immediately by the Authority with each Contracting Party. Section 13. PAYMENTS BY CONTRACTING PARTIES. (a) For the Wastewater services to be provided to the Contracting Parties under this Contract, each of the Contracting Parties agrees to pay, at the time and in the manner hereinafter provided, its proportionate share of the Annual Requirement, 33 which shall be determined as herein described and shall consti- tute a Contracting Party's Annual Payment. Each of the Con- tracting Parties shall pay its part of the Annual Requirement for each Annual Payment Period directly to the Authority, in monthly installments, on or before the 10th day of each month, in accordance with the schedule of payments furnished by the Authority, as hereinafter provided. (b) For each Annual Payment Period each Contracting Party's proportionate share of the Annual Requirement shall be a percentage obtained by dividing the number of gallops of contributing flow of Wastewater estimated to be discharged into the System by such Contracting Party during such Annual Payment Period, as determined by the Authority after consultation with such Contracting Party, by the aggregate total number of gallons of contributing flow of Wastewater estimated to be discharged into the System by all Contracting Parties during such period, as determined by the Authority after consultation with all of the Contracting Parties. It is provided, however, that in estimating costs for services the Authority is specifi- cally authorized, in its discretion, to estimate such costs based on an arbitrary assumption that the Annual Payment Period for which the calculation is being made will be an extremely dry year, rather than a normal or average year, and that accordingly the contributing flow of Wastewater discharged into the System will be less than expected normally or on an 34 average, all with the result that the monthly payments made by the Contracting Parties may be higher than would have been required on the basis of a normal or average year, and with the further result that the total amount required to meet the then current Annual Budget for the System may be collected by the Authority before the end of the then current Annual Payment Period. This result is expressly approved by the Contracting Parties and is deemed by the parties hereto to be beneficial in the fiscal management of the System, and will assure the timely availability of funds even under unexpected circumstances. However, upon receipt during any Annual Payment Period of an amount sufficient to meet the then current Annual Budget of the System for the remainder of the then current Annual Payment Period, the Authority immediately shall notify the Contracting Parties, and they shall not be obligated to make further payments under this Section for the remainder of that Annual Payment Period, unless otherwise specifically hereinafter provided in the event of unexpected or additional Annual Budget requirements. It is further provided that the Authority may revise its estimates of contributing flow either monthly or for any other period within an Annual Payment Period, as determined by the Authority, and such revised estimates may be made on the basis of actual metered contributing flow during the preceding month or other period, to the end that the Authority may use its best efforts to avoid to the extent practicable unnecessary 35 final adjustments among the Contracting Parties for each Annual Payment Period. All such payments for each Annual Payment Period shall be made in accordance with a written schedule of payments for the appropriate Annual Payment Period which will be supplied to each of the Contracting Parties by the Authority. Such schedule of payments may be revised by the Authority periodically based on any changes in its estimates of contributing flow as provided above, and each revised schedule of payments shall be supplied to each Contracting Party before the beginning of the period to which it is applicable. At the close of each Annual Payment Period the Authority shall determine the actual metered number of gallons of contributing flow of Wastewater discharged into the System by each Contracting Party during said period and determine each Contracting Party's actual percentage of the Annual Requirement by dividing such Contracting Party's actual metered contributing flow by the actual metered contributing flow of all Contracting Parties. Each Contracting Party's Adjusted Annual Payment shall be calculated by multiplying each such Contracting Party's redetermined percentage times the actual Annual Requirement. The difference between the amounts which actually have been paid by each Contracting Party and the amounts actually due from such Contracting Party hereunder shall be applied as a credit or a debit to such Contracting Party's account with the Authority and shall be credited or 36 debited to such Contracting Party's next monthly payment, or as otherwise agreed between the Authority and the affected Con- tracting Party, provided that all such credits and debits shall be made in a timely manner not later than the end of the next following Annual Payment Period. (c) Notwithstanding the provisions of (b) , above, and as an exception thereto, it is agreed that if, during any Annual Payment Period, the estimated and/or actual metered contribut- ing flow of Wastewater into the System of any Contracting Party is, for any reason whatsoever, less than the minimum amount hereinafter prescribed and provided for it, such Contracting Party shall pay its share of each Annual Requirement as if its estimated and/or actual metered contributing flow of Wastewater into the System were such minimum amount. However, if such Contracting Party's estimated and/or actual metered contribut- ing flow of Wastewater into the System is equal to or in excess of such minimum amount, its share of all of each Annual Re- quirement shall be calculated on the basis of estimated and actual contributing flow as provided in (b) , above. All contracts with Additional Contracting Parties shall provide for equitable minimums similar to those provided for below. Such minimums shall be fixed in amounts at least sufficient, as determined by the Authority, to assure an initial annual payment by such Additional Contracting Party for not less than the amount of its estimated contributing flow of Wastewater 37 into the System during the first year of service under such contract. For the purpose of calculating the minimum per- centage of each Annual Requirement for which each Initial Contracting Party is unconditionally liable, without offset or counterclaim (also see Section 16 hereof) , the contributing flow of Wastewater into the System of each Initial Contracting Party, during each Annual Payment Period, shall be deemed to be not less than the minimum amount (regardless of whether or not such amount was actually discharged into the System) specified for such Initial Contracting Party as follows: City of Fort Worth: 43, 158,695 gallons City of Haslet: 22,082,500 gallons City of Roanoke: 40, 150,000 gallons. (d) Notwithstanding the foregoing, the Annual Require- ment, and each Contracting Party's share thereof, shall be redetermined, after consultation with each of the Contracting Parties, at any time during any Annual Payment Period, to the extent deemed necessary or advisable by the Authority, if: (i) The Authority commences furnishing services of the System to an Additional Contracting Party or Parties; (ii) Unusual, extraordinary, or unexpected expenditures for Operation and Maintenance Expenses are required which are not provided for in the Authority's Annual Budget for the System or in any Bond Resolution; (iii) Operation and Maintenance Expenses are substantially 38 less than estimated; (iv) The Authority issues Bonds which require an increase in the Bond Service Component of the Annual Payment; or (v) The Authority receives either significantly more or significantly less revenues or other amounts than those anticipated. (e) During each Annual Payment Period all revenues received by the Authority from providing services of the System to parties which are not Contracting Parties, and all sur- charges collected from any Contracting Party under Section 4, above, shall (i) first be credited to the operation and Mainte- nance Component of the Annual Requirement, and (ii) then any remainder credited to the Bond Service Component of the Annual Requirement, with the result that such credits under (i) and (ii•) , respectively, shall reduce, to the extent of such credits, the amounts of such Components, respectively, which otherwise would be payable by the Contracting Parties pursuant to the method prescribed in (b) and (c) , above. The Authority may estimate all such credits which it expects to make during each Annual Payment Period in calculating each Annual Payment. (f) Each Contracting Party hereby agrees that it will make payments to the Authority required by this Section on or before the 10th day of each month of each Annual Payment Period. If any Contracting Party at any time disputes the 39 amount to be paid by it to the Authority, such complaining Party shall nevertheless promptly make such payment or pay- ments, but if it is subsequently determined by agreement or court decision that such disputed payments made by such com- plaining party should have been less, or more, the Authority shall promptly revise and reallocate the charges among all Contracting Parties in such manner that such complaining party will recover its overpayment or the Authority will recover the amount due it. All amounts due and owing to the Authority by each Contracting Party or due and owing to any Contracting Party by the Authority shall, if not paid when due, bear interest at the rate of ten (10) percent per annum from the date when due until paid. The Authority shall, to the extent permitted by law, discontinue the services of the System to any Contracting Party which remains delinquent in any payments due hereunder for a period of sixty days, and shall not resume such services while such Contracting Party is so delinquent. It is further provided and agreed that if any Contracting Party should remain delinquent in any payments due hereunder for a period of one hundred twenty days, and if such delinquency continues during any period thereafter, such Contracting Party's minimum amount of gallons of Wastewater specified and described in (c) , above, shall be deemed to have been zero gallons during all periods of such delinquency, for the purpose of calculating and redetermining the percentage of each Annual 40 Payment to be paid by the non-delinquent Contracting Parties, and the Authority shall redetermine such percentage on that basis in such event so that the non-delinquent Contracting Parties collectively shall be required to pay all of the Annual Requirement. However, the Authority shall pursue all legal remedies against any such delinquent Contracting Party to enforce and protect the rights of the Authority, the other Contracting Parties, and the holders of the Bonds, and such delinquent Contracting Party shall not be relieved of the liability to the Authority for the payment of all amounts which would have been due .hereunder, in the absence of the next preceding sentence. It is understood that the foregoing provisions are for the benefit of the holders of the Bonds so as to insure that all of the Annual Requirement will be paid by the non-delinquent Contracting Parties during each Annual Payment Period regardless of the delinquency of a Contracting Party. If any amount due and owing by any Contracting Party to the Authority is placed with an attorney for collection, such Contracting Party shall pay to the Authority all attorneys fees, in addition to all other payments provided for herein, including interest. (g) If, during any Annual Payment Period, any Contracting Party's Annual Payment is redetermined in any manner as pro- vided or required in this Section, the Authority will promptly 41 furnish such Contracting Party with an updated schedule of monthly payments reflecting such redetermination. Section 14. SPECIAL PROVISIONS. (a) The Authority will continuously operate and maintain the System in an efficient manner and in accordance with good business and engineering practices, and at reasonable cost and expense. (b) The Authority agrees to carry fire, casualty, public liability, and other insurance (including self-insurance to the extent deemed advisable by the Authority) on the System for purposes and in amounts which ordinarily would be carried by a privately owned utility company, owning and operating such facilities, except that the Authority shall not be required to carry liability insurance except to insure itself against risk of loss due to claims for which it can, in the opinion of the Authority's legal counsel, be liable under the Texas Tort Claims Act or any similar law or judicial decision. Such insurance will provide, to the extent feasible and practicable, for the restoration of damaged or destroyed properties and equipment, to minimize the interruption of the services of such facilities. All premiums for such insurance shall constitute an Operation and Maintenance Expense of the System. (c) It is the intent of the parties that the System will be placed in operation in 1989, and the Authority agrees to proceed diligently with the design and construction of the System to meet such schedule, subject to the other terms and 42 conditions in this Contract. It is expressly understood and agreed, however, that any obligations on the part of the Authority to acquire, construct, and complete the System and to provide the services of the System to the Contracting Parties shall be conditioned (i) upon the Authority's ability to obtain all necessary permits, material, labor, and equipment, (ii) upon the ability of the Authority to finance the cost of the System through the actual sale of the Authority's Bonds, and (iii) ,subject to all present and future valid laws, orders, rules, and regulations of the United States of America, the State of Texas, and any regulatory body having jurisdiction. (d) The Authority shall never have the right to demand payment by any Initial Contracting Party of any obligations assumed by it or imposed on it under and by virtue of this Contract from funds raised or to be raised by taxes, and the obligations under this Contract shall never be construed to be a debt of such kind as to require any of the Initial Contract- ing Parties to levy and collect a tax to discharge such obli- gation. (e) Each of the Initial Contracting Parties, respect- ively, represents and covenants that all payments to be made by it under this Contract shall constitute reasonable and neces- sary "operating expenses" of its combined waterworks and sewer system, as defined in Vernon's Ann. Tex. Civ. St. Article 1113, and that all such payments will be made from the revenues of 43 its combined waterworks and sewer system. Each of the Con- tracting Parties, respectively, represents and has determined that the services to be provided by the System are necessary and essential to the present and future operation of its aforesaid system, and that the System constitutes the only available and adequate method for discharging, receiving, treating, and disposing of its Wastewater from the Denton Creek drainage area, and, accordingly, all payments required by this Contract to be made by each Contracting Party shall constitute reasonable and necessary operating expenses of its systems, respectively, as described above, with the effect that the obligation to make such payments from revenues of such systems, respectively, shall have priority over any obligation to make any payments from such revenues of principal, interest, or otherwise, with respect to all bonds or other obligations heretofore or hereafter issued by such Contracting Party. (f) Each of the Contracting Parties agrees throughout the term of this Contract to continuously operate and maintain its combined waterworks and sewer system, and to fix and collect such rates and charges for water and sewer services and/or sewer services to be supplied by its system as aforesaid as will produce revenues in an amount equal to at least -(i) all of the expenses of operation and maintenance expenses of such system, including specifically its payments under this Con- tract, and (ii) all other amounts as :required by law and the 44 provisions of the ordinances or resolutions authorizing its revenue bonds or other obligations now or hereafter outstand- ing, including the amounts required to pay all principal of and interest on such bonds and other obligations. (g) The Authority covenants and agrees that neither the proceeds from the sale of the Bonds, nor the moneys paid to it pursuant to this Contract, nor any earnings from the investment of any of the foregoing, will be used for any purposes except those directly relating to the System, the Wastewater Interceptor System, and the Bonds as provided in this Contract; provided that the Authority may rebate any excess arbitrage earnings from such investment earnings to the United States of America in order to prevent any Bonds from becoming "arbitrage bonds" within the meaning of the IRS Code of 1986 or any amendments thereto in effect on the date of issue of such Bonds: Each of the Contracting Parties covenants and agrees that it wil not use or permit the use of the System in any manner that would cause the interest on any of the Bonds to be or become subject to federal income taxation under the IRS Code of 1986 or any amendments thereto in effect on the date of issue of such Bonds. Section 15. FORCE MAJEURE. If by reason of force majeure any party hereto shall be rendered unable wholly or in part to carry out its obligations under this Contract, other than the obligation of each Contracting Party to make the payments 45 Lo3 .F ' � J 1/ Z, n c , ig• �� x �� I x , 06 Q ' I > Q ; U F fe O 1f W U_ / - a l required under Section 13 of this contract, then if such party shall give notice and full particulars of such force majeure in writing to the other parties within a reasonable time after occurrence of the event or cause relied on, the obligation of the party giving such notice, so far as it is affected by such force majeure, shall be suspended during the continuance of the inability then claimed, but for no longer period, and any such party shall endeavor to remove or overcome such inability with all reasonable dispatch. The term "Force Majeure" as employed herein shall mean acts of God, strikes, lockouts, or other industrial disturbances, acts of public enemy, orders of any kind of the Government of the United States or the State of Texas, or any Civil or military authority, insurrection, riots, epidemics, landslides, lightning, earthquake, fires, hurri- canes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accidents to machinery, pipelines or canals, partial or entire failure of water supply, or on account of any other causes not reasonably within the control of the party claiming such inability. Section 16. UNCONDITIONAL OBLIGATION TO MAKE PAYMENTS. Recognizing the fact that the Contracting Parties urgently require the facilities and services of the System, and that such facilities and services are essential and necessary for actual use and for standby _purposes, and recognizing the fact 46 that the Authority will use payments received from the Con- tracting Parties to pay and secure its Bonds, it is hereby agreed that each of the Contracting Parties shall be uncon- ditionally obligated to pay, without offset or counterclaim, its proportionate share of the Annual Requirement, as provided and determined by this Contract (including the obligations for paying for "minimums" as described in Section 13 hereof) , regardless of whether or not the Authority actually acquires, constructs, or completes the System or is actually operating or providing services of the System to any Contracting Party hereunder, or whether or not any Contracting Party actually uses the services of the System whether due to Force Majeure or any other reason whatsoever, regardless of any other provisions of this or any other contract or agreement between any of the parties hereto. This covenant by the Contracting Parties shall be for the benefit of and enforceable by the holders of the Bonds and/or the Authority. Section 17. TERM OF CONTRACT; MODIFICATION; NOTICES; STATE OR FEDERAL LAWS, RULES, ORDERS, OR REGULATIONS. (a) This Contract shall be effective on and from the Contract Date, subject to its execution by all of the Initial Contracting Parties and the Authority, and this Contract shall continue in force and effect until the principal of and interest on all Bonds shall have been paid, and thereafter shall continue in force and effect during the entire useful life of the System. 47 This Contract constitutes the sole agreement between the parties hereto with respect to the System. (b) Modification. No change, amendment, or modification of this Contract shall be made or be effective which will affect adversely the prompt payment when due of all moneys required to be paid by each Contracting Party under the terms of this Contract and no such change, amendment, or modification shall be made or be effective which would cause a violation of any provisions of any Bond Resolution. (c) Addresses and Notice. Unless otherwise provided herein, any notice, communication, request, reply, or advice (herein severally and collectively, for convenience, called "Notice") herein provided or permitted to be given, made, or accepted by any party to any other party must be in writing and may be given or be served by depositing the same in the United States mail postpaid and registered or certified and addressed to the party to be notified, with return receipt requested, or by delivering the same to an officer of such party, or by prepaid telegram when appropriate, addressed to the party to be notified. Notice deposited in the mail in the manner herein- above described shall be conclusively deemed to be effective, unless otherwise stated herein, from and after the expiration of three days after it is so deposited. Notice given in any other manner shall be effective only if and when received by the party to be notified. For the purposes of notice, the 48 addresses of the parties shall, until changed as hereinafter provided, be as follows: If to the Authority, to: Trinity River Authority of Texas 5300 S. Collins P. O. Box 240 Arlington, Texas 76010 If to the Initial Contracting Parties, as follows: City of Fort Worth 1000 Throckmorton Fort Worth, Texas 76102 City of Haslet P. O. Box 8 Haslet, Texas 76052 City of Roanoke P. O. Box 386 Roanoke, Texas 76262 The parties hereto shall have the right from time to time and at any time to change their respective addresses and each shall have the right to specify as its address any other address by at least fifteen (15) days' written notice to the other parties hereto. (d) State or Federal Laws, Rules. Orders, or Recrulations. This Contract is subject to all applicable Federal and State laws and any applicable permits, ordinances, rules, orders, and regulations of any local, state, or federal governmental authority having or asserting jurisdiction, but nothing con- tained herein shall be construed as a waiver of any right to question or contest any such law, ordinance, order, rule, or regulation in any forum having jurisdiction. 49 Section 18. SEVERABILITY. The parties hereto specifical- ly agree that in case any one or more of the sections, subsec- tions, provisions, clauses, or words of this Contract or the application of such sections, subsections, provisions, clauses, or words to any situation or circumstance should be, or should be held to be, for any reason, invalid or unconstitutional, under the laws or constitutions of the State of Texas or the United States of America, or in. contravention of any such laws or constitutions, such invalidity, unconstitutionality,_ or contravention shall not affect any other sections, subsections, provisions, clauses, or words of this Contract or the applica- tion of such sections, subsections, provisions, clauses, or words to - any other situation or circumstance, and it is in- tended that this Contract shall be severable and shall be construed and applied as if any such invalid or unconstitu- tional section, subsection, provision, clause, or word had not been included herein, and the rights and obligations of the parties hereto shall be construed and remain in force accord- ingly. Section 19. REMEDIES UPON DEFAULT. It is not intended hereby to specify (and this Contract shall not be considered as specifying) an exclusive remedy for any default, but all such other remedies (other than termination) existing at law or in equity may be availed of by any party hereto and shall be cumulative. Recognizing however, that the Authority's 56 undertaking to provide and maintain the services of the System is an obligation, failure in the performance of which cannot be adequately compensated in money damages alone, the Authority agrees, in the event of any default on its part, that each Contracting Party shall have available to it the equitable remedy of mandamus and specific performance in addition to any other legal or equitable remedies (other than termination) which may also be available. Recognizing that failure in the performance of any Contracting Party's obligations hereunder could not be adequately compensated in money damages alone, each Contracting Party agrees in the event of any default on its part that the Authority shall have available to it the equitable remedy of mandamus and specific performance in addition to any other legal or equitable remedies (other than termination) which may also be available to the Authority. Notwithstanding anything to the contrary contained in this Contract, any right or reanedy or any default hereunder, except the right of the Authority to receive the Annual Payment which shall never be determined to be waived, shall be deemed to be conclusively waived unless asserted by a proper proceeding at law or in equity within two (2) years plus one (1) day after the occurrence of such default. No waiver or waivers of any breach or default (or any breaches or defaults) by any party hereto or of performance by any other party of any duty or obligation hereunder shall be deemed a waiver thereof in the 51 future, nor shall any such waiver or waivers be deemed or construed to be a waiver of subsequent breaches or defaults of any kind, character, or description, under any circumstances. Section 20. VENUE. All amounts due under this Contract, including, but not limited to, payments due under this Contract or damages for the breach of this Contract, shall be paid and be due in Tarrant County, Texas, which is the County in which the principal administrative offices of the Authority are located. It is specifically agreed among the parties to this Contract that Tarrant County, Texas, is the place of perfor- mance of this Contract; and in the event that any legal pro- ceeding is brought to enforce this Contract or any provision hereof, the same shall be brought' in Tarrant County, Texas. IN WITNESS WHEREOF, the parties hereto acting under authority of their respective governing bodies have caused this Contract to be duly executed in several counterparts, each of which shall constitute an original, all as of the day and year first above written, which is the date of this Contract. TRINITY R AUT O TY OF TEXAS BY Gene)4 Manager ATTEST: C, Sec_etary, Board of Directors (AU'T'HORITY SEAL) 52 CITY OF FORT WORTH, TEXAS BY � ity Man ger ATTEST: City Secretary (CITY SEAL) APPROVED AS TO FORM AND LEGALITY City Attorney, City of Fort Worth, 50atra.ct A- thMization 'C' Texas Date CITY OF HASLET,- TEXAS Mayor ATTEST: 0444"t City Secretary ICITY SEAL) CITY OF ROANOKE, TEXAS BY Mayor ATTEST: City ecx ary (CITY SEAL) 53 Exhibit D Points of Entry t t s Exhibit D to Wholesale Wastewater Service Agreement Page 1 ^ n a I' 4 p. n t ^ .�; _ '.� �' MMS w P N�pp SMI......., W ✓.. _ dz _• i EXIIIBIT E WHOLESALE RATE METHODOLOGY 1. Wholesale wastewater rates will be based upon cost-of-service rate studies performed by independent utility rate consultants. The independent utility rate consultant shall be selected by Director from a list of five qualified firms submitted to the Director by the Fort Worth "Wastewater Advisory Committee." The cost of such studies will be a System Cost. All cost of service studies shall be conducted utilizing the utility cost basis of determining revenue requirements applicable to the wholesale customer class. 2. Every three (3)years, a detailed wholesale revenue requirement shall bt developed on an actual historical cost test year basis allowing for reasonable and necessary expenses of providing such wastewater service and allowing for known and measurable adjustments. Such adjustments should allow for year end trending and the spreading of non recurring expenses over an appropriate benefit period. The test year for the initial rate set forth in Section 4.02 is October 1, 2003, through September 30, 2004, and'the next detailed cost of service study shall be performed by an independent utility rate consultant during the first two (2)calendar quarters of 2007, based on audited data for the immediate past fiscal year ended September 30, 2006. On a three (3) year cycle thereafter, a complete detailed rate study will be performed with the same methodology used in the previous rate study by an independent utility rate consultant, subject to modifications recommended by a majority of the Wastewater Advisory Committee and approved by the Fort Worth City Council. In the interim period between complete detailed rate studies, wholesale wastewater rates shall be adjusted by Fort Worth using the same methodology adopted at the time of the last complete detailed rate study, utilizing the actual operating data for the twelve month period ending September 30th of the prior year, adjusted for known and measurable changes in cost data which may have occurred since the last audited statement. 3. The cost of service for the wholesale class shall include allocated reasonable and necessary operation and maintenance expense, depreciation expense and a fair and reasonable return on allocated capital facilities. To determine the allocation and distribution of costs to the wholesale customer class, the independent utility rate consultant shall consider at least the following factors: total volume, rate of flow, wastewater quality, metering, and customer related costs such as accounting, billing, and monitoring. Capital related costs will consist of depreciation expense and return on original cost rate base. On a periodic basis as determined by the Director the depreciation rates on all General Benefit Capital Facilities shall be studied, and new salvage values, useful lives, and annual rates of depreciation shall be developed from such studies. The rate base shall consist of all allocated capital facilities,net of depreciation and appropriate contributions, and shall include construction work in progress, a reasonable allowance for working capital, and a reasonable inventory of materials and supplies necessary for the efficient operation of the Fort Worth System. On a periodic basis as determined by the Director, a cash "lead lag" study shall be conducted to determine the appropriate level of working capital at the same time as the above depreciation rate study is done. Records of the original cost and the accumulated depreciation of all capital facilities shall be maintained in the Fort Worth Fixed Asset Tracking System. These records shall be Exhibit E to Wholesale Wastewater Service Agreement Page I available for inspection at the Fort Worth Water Department during reasonable business hours upon request by Aqua Utilities. 4. The City shall be allowed an adequate opportunity to earn a reasonable rate of return, sufficient to assure confidence in the financial soundness of the utility, adequate to maintain and support its credit, enable it to raise the money necessary for the proper discharge of its public duties. The rate of return is equal to the weighted average imbedded cost of outstanding debt plus one and one half percent(1-1/2%). 5. The rates set forth in Article 4.02 shall be automatically adjusted to equal those adopted by the City Council based on the foregoing rate studies, and shall become effective on the effective date established by the City for those rates. Exhibit E to Wholesale Wastewater Service Agreement Page 2 V Exhibit G Buy-Out Contract Exhibit G to &a N Superseding Agreement Regarding Water and Wastewater Utility Service P � � �pJ BUY-OUT OPTION CONTRACT This Buy-Out Option Contract ("Contract") is entered into by and between the City of Fort Worth, Texas (the �ff% a home-rule municipal corporation situated in Tarrant, Denton, and Wise Counties, Texas, acting by and through its duly authorized Assistant City Manager; Aqua Utilities, Inc., formerly known as AquaSource Utility, Inc., a Texas corporation ("Aqua Utilities'); Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships (individually and collectively, "Owner"); and the City of Fort Worth Municipal Utility District No. 1 of Denton County, a municipal utility district created pursuant to Article XVI, Section 59,of the Texas Constitution, Chapters 49 and 54 of the Texas Water Code and the applicable Special District Local Law (the "District"), which District, after the District Confirmation Date,will become a Party to this Contract. RECITALS A. The Parties to this Contract are also parties to that "Superseding Agreement regarding Water and Wastewater Utility Service", City Secretary Contract No. 32899 (the "Utility Agreement"). B. The Utility Agreement governs the provision of water and wastewater utility service to approximately 431.303 acres in Denton County, Texas, as shown on Exhibit A and more particularly described in Exhibit B attached to this Contract(the"Development"). C. Article VII of the Superseding Utility Agreement provides that the Parties will enter into this Contract to "effectuate the future transfer of retail water or wastewater service from Aqua Utilities to the City,"at the City's option and under the conditions set forth in that agreement. NOW THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth,the Parties contract and agree as follows: ARTICLE SELLER AND PURCHASER 1.01 "Effective Date"means the effective date of this Contract as defined in Section 6.12. 1.02 "Purchaser"means the City. 1.03 "FarV'means, individually, the City, Owner,District or Aqua Utilities, and any permitted successors and assigns. 1.04 "Seller" means Aqua Utilities, Owner or District, and each of their permitted assigns, to the extent that each of those Parties or such assigns owns all or any interest in the Property, as defined in Section 2.02, at the time the Option is exercised under this Contract. Buy-Out Option Contract Page 1 1.05 Other Defined Terms. Unless otherwise defined below, capitalized terms in this Contract shall have the same respective meanings as are ascribed to them in the Superseding Utility Agreement. ARTICLE II PROPERTY, GRANT AND EXERCISE OF OPTION 2.01 Grant of Option. Subject to the terms and conditions set forth in this Contract, Seller GRANTS to Purchaser an Option to purchase and accept from Seller, for the Purchase Price, all of Seller's right, title and interest in and to the Property, as it may now exist, or be acquired or constructed by Seller at any time during the Option Period, and consisting of the following: a. all water distribution facilities, including meters, above ground tanks, pump stations and other equipment, fixtures, improvements or appurtenances used to provide water service to the Development, and located inside the Development (collectively,"Water Facilities"); b. all wastewater collection facilities, including meters, lift stations, and other equipment, fixtures, improvements or appurtenances used to provide wastewater service to the Development, and located inside the Development (collectively, "Wastewater Facilities"); C. all easements and rights-of-way inside the Development associated with the Water or Wastewater Facilities(the"Easements"); d. any tract of land within the Development owned by Seller and in use for the operation of the Water or Wastewater Facilities(the"Land"); e. account records and information for existing customers served by the Wastewater and Water Facilities(the"Account Information"); and f. surveys,plans and specifications in Seller's possession or control that relate to the Water Facilities or Wastewater Facilities (the"Documents"). 2.02 Prop The items listed in Section 2.01 above are collectively called the "Propert ." 2.03 Exercise of Option. Unless the Parties agree in writing to an earlier date, Purchaser may exercise the Option to purchase the Property at any time after the earlier of: (a) seventeen (17) years after the Effective Date; (b) 90 days before the date of annexation of the Development by the City, such that Closing will occur upon or after annexation, if the City annexes the District within fifteen (15) to seventeen (17) years after the Effective Date; but in any event Purchaser must exercise the Option(if at all) on or before the earlier of the date that is thirty(30) years from the Effective Date or the twenty-first (21) anniversary of the death of the last descendant of Queen Elizabeth II, the queen of the United Kingdom, who is living as of the Effective Date of this Contract ("Option Period"). The Option, if exercised, must be exercised Buy-Out Option Contract Page 2 simultaneously for both the Water and the Wastewater Facilities (and the Land, Easements, Account Information and Documents related thereto). 2.04 Exercise Notice. Whenever Purchaser desires to exercise the Option as to the Property, Purchaser must provide Notice to Seller during the Option Period of its desire to exercise the Option("Exercise Notice"). The date on which Purchaser sends the Exercise Notice is called the"Option Exercise Date." 2.05 Information to Purchaser. Within thirty (30) days following the Option Exercise Date, both Aqua Utilities and the District shall provide to Purchaser true and complete copies of all written information that either of them possesses (other than privileged communications or attorney work-product) with regarding to the Property, including by not limited to: environmental studies and reports; any permits required for the Water Facilities and Wastewater Facilities; all agreements granting or conveying the Easements; the Documents; and a complete and itemized inventory of any of the Property that is not described in or shown on the Documents. 2.06 Prohibited Encumbrance. Seller may not enter into any agreement to sell, transfer, mortgage, lease, or grant any preferential right to purchase (including but not limited to any option, right of first refusal, or right of first negotiation) with respect to, or otherwise encumber all or any portion of, the Property before Closing ("Prohibited Encumbrance'), unless such Prohibited Encumbrance is cured and removed at or before Closing. 2.07 Memorandum of Option. Seller and Purchaser shall execute and record, in the form attached as Exhibit C to this Contract, a "Memorandum of Buy-Out Option Contract" in the Real Property Records of Denton County, Texas within thirty (30) days after the District confirmation date. ARTICLE III PURCHASE PRICE AND OPTION CONSIDERATION 3.01 Purchase Price. When the Option is exercised pursuant to this Contract, the consideration ("Purchase Price") for the entirety of the Property purchased pursuant to that Option is TEN DOLLARS ($10.00). 3.02 Time of Payment. The Purchase Price is payable in cash at the Closing. 3.03 Consideration. As consideration for Seller's holding the Property available for purchase during the Option Period, Purchaser has paid Seller $100 ("Independent Option Consideration"), which Seller may retain, even if this Contract is terminated. The Independent Option Consideration does not apply to the Purchase Price. ARTICLE IV SURVEY,INSPECTION AND TITLE COMMITMENT 4.01 Survey during Option Period. From time to time during the Option Period, Purchaser shall have the right to obtain, at Purchaser's expense, a current, on-the-ground land Buy-Out Option Contract Page 3 title survey ("Surve Y ') of all or any portion of the Property made by a duly licensed surveyor reasonably acceptable to the Seller. 4.02 Inspection duringQption Period. From time to time during the Option Period, Purchaser shall have the right to obtain an inspection, including an appraisal of real and personal property ("Inspection'), of all or any portion of the Property, for purposes of assessing the physical and operational condition of the Property. 4.03 Title Examination during the Option Period. During the Option Period,Purchaser shall have the right to obtain, at Purchaser's expense, an examination of any or all of the real property records related to the Land and the Easements ("Title Commitment"), including any and all instruments constituting an exception or restriction upon the title or easement rights of Seller. 4.04 Approval Period and Title. If Purchaser chooses to have a Survey, Inspection or Title Commitment of all or any portion of the Property during the Option Period, Purchaser may, after it has delivered its Exercise Notice, deliver to Seller a Notice of its written objections to anything contained therein. Seller shall, in good faith, attempt to satisfy such objections before Closing; but Seller shall not be required to incur any cost to do so, except with respect to any Prohibited Encumbrance, which must be removed or cured before Closing. For all objections except the Prohibited Encumbrances, if Seller is unable to satisfy such other objections on or before the Closing date, or if, for any reason, Seller is otherwise unable to convey title in accordance with Section 5.02(b) below, then Purchaser, as its sole and exclusive remedy hereunder may (a) waive such objections and accept the Property in its condition at the time of Closing, with such title to the Property as Seller is able to convey, (b) elect to exclude from the purchase any portion of the Property that it deems to be affected by its objections and accept such title to the remainder of the Property as Seller is able to convey or(c) withdraw the Exercise Notice in its entirety, and its corresponding exercise of the Option, but preserve its right to exercise the Option at a later date within the Option Period. The Purchaser may enforce by specific performance the Seller's obligation under Section 2.05 to remove any Prohibited Encumbrance. ARTICLE V CLOSING 5.01 Time of Closing. The closing ("Closin ') of the sale of the Property by Seller to Purchaser will occur on or before ninety (90) days after the Option Exercise Date, or at such other time or place as the Parties may mutually determine("Closing Date"). 5.02 Requirements of Seller. For all of the Property that is the subject of the Option Notice, unless excluded by Purchaser pursuant to Section 4.04, Seller shall deliver or cause to be delivered to Purchaser at Closing all of the following: (a) a Bill of Sale and Assignment, fully executed and acknowledged by each Seller as its interests may appear, conveying, transferring, and assigning to Purchaser all of Seller's right, title, and interest in and to the Water Facilities, the Wastewater Facilities, the Account Information, and the Documents; (b) a Special Warranty Deed executed and acknowledged by each Seller as its interests may appear, conveying to Purchaser good and indefeasible fee simple title to the Land and subject to all matters of record; (c) an Assignment of Easements, executed and acknowledged by each Seller as its interests may appear, conveying, transferring, and assigning to Purchaser all of Seller's right, title, and interest Buy-Out Option Contract Page 4 in and to the Easements; (d) evidence reasonably satisfactory to Purchaser that the person(s) executing the Closing documents on behalf of Seller has full right,power, and authority to do so; and (e) any other document reasonably necessary to consummate the transaction. 5.03 Requirements of Purchaser. Purchaser shall deliver or cause to be delivered to Seller at Closing all of the following: (a) immediately available funds in an amount equal to the Purchase Price; and (b) evidence reasonably satisfactory to Seller the person executing any Closing documents on behalf of Purchaser has full right,power, and authority to do so. 5.04 Termination of Leases. Upon completion of the Closing, Seller shall terminate, as of the Closing Date, any and all leases and operating agreements between Aqua Utilities and the District or the Owner covering any portion of the Property purchased. 5.05 Purchaser's Remedies. If Seller fails or refuses to sell the Property at the Closing, then the Purchaser, at its sole option, is entitled to (ii) enforce specific performance of Seller's obligations under this Contract; or (ii) withdraw its Exercise Notice and its corresponding exercise of the Option, but preserve its right to exercise the Option at a later date within the Option Period; or (iii) to exercise any other right or remedy available to Purchaser at law or in equity. ARTICLE-U MISCELLANEOUS 6.01 Form of Easement within the Development. Before entering into any Easement, Seller shall_submit to Purchaser for its review and approval (which approval by Purchaser shall not be unreasonably withheld) Seller's proposed forms of Easement for water and wastewater lines and related facilities and appurtenances. Among other things, the Easement forms must provide that the underlying land owner of the servient tenement consents in advance to any future assignment of such Easement by Seller to Purchaser. After Purchaser has approved the forms of water and wastewater Easements, Purchaser's prior written consent will not be required for any new Easement that Seller enters into under the approved forms. Nevertheless, Seller must send to Purchaser copies of each fully executed and recorded Easement within thirty (30) days after such Easement is executed. 6.02 Other Forms. In case of a dispute as to the form of any document required by this Contract, unless otherwise required by the Superseding Utility Agreement, the current form prepared by the State Bar of Texas shall be conclusively deemed reasonable. 6.03 Notice. Any notices, approvals, or other communications required to be given by one Party to another under this Contract (a "Notice") shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (a) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (b) when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested,postage prepaid; (c)when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; or (d) five business days after the Notice is sent by FAX (with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Contract ends on a Buy-Oat Option Contract Page 5 Saturday, Sunday, or legal holiday, the applicable period for calculating the Notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this Section 6.03. To the City: City of Fort Worth,Texas Attn: City Secretary 1000 Throckmorton Street Fort Worth,Texas 76102 FAX: (817) 392-6196 City of Fort Worth, Texas Attn: City Manager 1000 Throckmorton Street Fort Worth,Texas 76102 FAX: (817) 392-6134 City of Fort Worth, Texas Attn: Water Director 1000 Throckmorton Street Fort Worth,Texas 76102 FAX: (817)392-2398 To the District: Fort Worth Municipal Utility District No. 1 of Denton County c%: Coats Rose Attn: Timothy G. Green 3 Greenway Plaza, Suite 2000 Houston,TX 77046 FAX: 713-890-3924 To Owner: Aperion Communities, LLLP Attn: Mr. Gary Lane 7835 East Redfield Road, Suite 100 Scottsdale,Arizona 85260 FAX: 480-951-8414 Eladio Properties, LLLP Attn: Mr. Gary Lane 7835 East Redfield Road, Suite 100 Scottsdale,Arizona 85260 FAX: 480-951-8414 Buy-Out Option Contract Page 6 Drooy Properties, LLLP Attn: Mr. Gary Lane 7835 East Redfield Road, Suite 100 Scottsdale,Arizona 85260 FAX: 480-951-8414 To Aqua Utilities: 1421 Wells Branch Pkwy., Ste. 105 Pflugerville, TX 78660 Attn: Vice President FAX: (512) 989-9891 762 West Lancaster Ave. Bryn Mawr,Pennsylvania 19010 Attn: Chief Legal Officer FAX: (610) 520-9127 6.04 City Consent and Approval. Except as provided by Section 6.01 of this Agreement, in any provision of this Contract that provides for the consent or approval of the City staff or City Council, such consent or approval may be withheld or conditioned by the staff or City Council at its sole discretion. 6.05 Binding Effect and Assigginient. This Contract, and the Option granted herein, shall inure to the benefit of and bind the Parties hereto and their respective heirs,representatives, successors and assigns. Assignment of this Contract is permitted only under the same terms, and to the same extent as assignment of the Superseding Utility Agreement. Further, this Contract must be assigned at the same time and to the same entity as the Superseding Utility Agreement. 6.06 Amendment. This Contract may be amended only with the written consent of all Parties and with approval of the governing body of the City and the District. 6.07 Severability. The provisions of this Contract are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Contract, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the Parties as expressed in this Contract, then such provision shall be deemed severed from this Contract with respect to such person, entity or circumstance, without invalidating the remainder of this Contract or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the provision so severed. 6.08 Interpretation. The Parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Contract and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Contract or any amendments or exhibits hereto. As used in this Buy-Out Option Contract Page 7 Contract, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 6.09 Survival. Any portion of this Contract not otherwise consummated at the Closing will survive the Closing of this transaction as a continuing agreement by and between the Parties. 6.10 Counterpart Originals. This Contract may be executed in multiple counterparts, each of which shall be deemed to be an original. 6.11 Incorporation of Exhibits by Reference. All exhibits attached to this Contract are incorporated into this Contract by reference for the purposes set forth herein, as follows: Exhibit A Map of Tradition showing the Development Exhibit B Legal description of the Development Exhibit C Memorandum of Buy-Out Option Contract 6.12 Effective Date. The Effective Date of this Contract is December2005. SELLER AQUA UTILITIES,INC., a Texas corporation By: Robert L. Laughman,President Date: CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY, a municipal utility district created Pursuant to Article XVI, Section 59, of the Texas Constitution,Chapters 49 and 54 of the Texas Water Code, and Chapter 8129, Special District Local Laws Code By- Name: President, Board of Directors Date: Buy-Out Option Contact Page 9 APERION COMMUNITIES,LLLP By: David P. Maniatis, General Partner ELADIO PROPERTIES LLLP By: David P. Maniatis, General Partner DROOY PROPERTIES,LLLP By: David P. Maniatis, General Partner PURCHASER ATTEST: THE CITY OF FORT WORTH, a Texas home-rule municipal corporation of Tarrant,Denton,and Wise Counties Printed Name: By: City Secretary Name: APPROVED AS TO FORM Title: AND LEGALITY: Date: Assistant City Attomey Buy-Out Option Contract Page 9 STATE OF TEXAS § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of AQUA UTILITIES, INC., a corporation, on behalf of said corporation, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said corporation. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of 20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: STATE OF TEXAS § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY, on behalf of said District, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said District. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of ,20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: Buy-Out Option Contract Page 10 STATE OF § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of APERION COMMUNITIES, LLLP, a , on behalf of said partnership,known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed,in the capacity therein stated, and as the act and deed of said partnership. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of ,20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: STATE OF § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of ELADIO PROPERTIES LLLP, a , on behalf of said partnership, known to me to be the person and officer whose name is subscribed to the,foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said partnership. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of ,20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: Buy-Out Option Contract Page 11 STATE OF § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of DROOY PROPERTIES, LLLP, a partnership, on behalf of said partnership, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said partnership. GIVEN UNDER MY HAND AND SEAL OF OFFICE thin the day of ,20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of THE CITY OF FORT WORTH, a municipal corporation, on behalf of said City, known to'me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act-and deed of said City. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of 20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: Buy-Out Option Contract Page 12 Exhibit A Map Showing the Development Exhibit A to Buy-Out Option Contract Page 1 +f - r y w c ° r _r _ - ��° P t� r11. I � CL m y - w u rT r ,1-yam _ a d ' d y 46 v kr w .F� . + J ° w w r} Exhibit B Legal Description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and a portion of that tract conveyed. to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" ironpin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8"iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N 002244" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page.363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E,a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52E34'22" E, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44EO8'03" E, a distance of 999.82 feet to a capped 1/2"iron pin set; THENCE.S,65E58'36" E,a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; Exhibit B to Buy-Out Option Contract Page 1 THENCE S 000720" E along the east line of said Aperion Tract One-A and the west line of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47E 15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2"iron pin set; THENCE N OOEI F12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2"iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2"iron pin set; THENCE S OOEI F12" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2"iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 3 84.041 acres of land,more or less. Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- way line of State Highway No. 114, said brass monument also being on the west line of a tract Exhibit B to Buy-Out Option Contract Page 2 conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract'One-13 and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'3 I" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5%8"iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S 000709" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit B to Buy-Out Option Contract Page 3 Exhibit C Memorandum of Buy-Out Option Contract STATE OF TEXAS § § KNOW ALL BY THESE PRESENTS: COUNTY OF DENTON § This Memorandum of Buy-Out Option Contract ("Memorandum") is effective as of 20_, by and among APERION COMMUNITIES, LLLP, ELADIO PROPERTIES, LLLP AND DROOY PROPERTIES, LLLP, Arizona limited liability limited partnerships; AQUA UTILITIES, INC., a Texas corporation, and CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY, a municipal.utility district created pursuant to Article XVI, Section 59,of the Texas Constitution, Chapters 49 and 54 of the Texas Water Code, and Chapter 8129, Special District Local Laws Code (collectively, "Seller"), and THE CITY OF FORT WORTH, a home-rule corporation of Tarrant, Denton, and Wise Counties;Texas ("Purchaser"). A. Under that certain Buy-Out Option Contract dated as of December 21, 2005, 2005 ("Contract"), Seller has granted Purchaser the option ("0 tion") to purchase certain land, improvements, easements, account records, plans, and other associated property ("ProI2 related to the provision of water and wastewater utility service to, and located within,that certain real property development consisting of approximately 431.303 acres of land in Denton County, Texas, as more particularly described on EXHIBIT "A" attached hereto ("Development'). The period during which Purchaser may exercise the Option begins at any time (and from time to time) after the earlier of (i) December 21, 2022; or(ii) 90 days before the date of annexation of the Development by the City, such that Closing will occur upon or after annexation, if the City annexes the Development during the period between December 21, 2020 and December 21, 2022, but in any event, Purchaser must exercise the Option (if at all) on or before December 21, 2035 ("Option Period"). Purchaser's exercise of the Option is governed by the terms and conditions of the Contract. B. Seller and Purchaser are executing, acknowledging, and recording this Memorandum to provide public notice of the existence of the Contract and of the Option that exists in Purchaser's favor to purchase the Property in the Development under the terms and conditions of the Contract. C. Seller and Purchaser do not intend by this Memorandum — and nothing in this Memorandum may be deemed—to alter, amend or otherwise affect the terms or conditions of the Contract. Exhibit C to Buy-Out Option Contract Page I EFFECTIVE as of the date set forth above. SELLER APERION COMMUNITIES, LLLP By: David P. Maniatis, General Partner ELADIO PROPERTIES LLLP By: David P. Maniatis, General Partner DROOY PROPERTIES, LLLP By: David P. Maniatis, General Partner AQUA UTILITIES, INC., a Texas corporation By: Name: Title: CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY By: Name: Title: Exhibit C to Buy-Out Option Contract � 1 � � PURCHASER ATTEST: THE CITY OF FORT WORTH, Printed Name: By City Secretary Name: APPROVED AS TO FORM Title: AND LEGALITY: Assistant City Attorney Exhibit C to Buy-Out Option Contract Page 3 STATE OF § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of APERION COMMUNITIES, LLLP, a , on behalf of said partnership,known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said partnership. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of ,20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: STATE OF § COUNTY OF § BEFORE.ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of ELADIO 'PROPERTIES LLLP, a , on behalf of said partnership, known to me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed;in the capacity therein stated, and as the act and deed of said partnership. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of 20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: Exhibit C to Buy-Out Option Contract Page 4 STATE OF § COUNTY OF § BEFORE ME, THE UNDERSIGNED AUTHORITY, on this day personally appeared as of DROOY PROPERTIES, LLLP, a partnership, on behalf of said partnership, known to me to be the person and officer whose name is subscnbed to the foregoing instrument, and acknowledged to me that he or she executed the same for the purposes and consideration therein expressed, in the capacity therein stated,and as the act and deed of said partnership. GWEN UNDER MY HAND AND SEAL OF OFFICE this the day of 20 Notary Public, State of Texas Notary's Typed or Printed Name My Commission expires: THE STATE OF TEXAS § COUNTY OF § BEFORE ME,the undersigned, a Notary Public in and for the said County and State, on this day personally appeared known to me to be the person and officer whose name is subscribed to the foregoing Memorandum of Option; and acknowledged.to me that the same was the act of Aqua Utilities,.Inc., a Texas corporation. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of , 20 Notary Public in and for the State of Texas My Commission expires: Exhibit C to Buy-Out Option Contract Page 5 THE STATE OF TEXAS § COUNTY OF § BEFORE ME, the undersigned, a Notary Public in and for the said County and State, on this day personally appeared , known to me to be the person and officer whose name is subscribed to the foregoing Memorandum of Option and acknowledged to me that the same was the act of City of Fort Worth Municipal Utility District No. 1 of Denton County. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of , 20—. Notary Public in and for the State of Texas My Commission expires: STATE OF TEXAS § COUNTY OF TARRANT § This Memorandum of Option was acknowledged before me on the day' of 20___, by , the Assistant City Manager of The City of Fort Worth, a Texas home-rule municipal corporation of Tarrant, Denton, and Wise Counties, on behalf of that municipal corporation. Notary Public for the State of Texas Notary's Printed Name: My Commission Expires: Exhibit C to Buy-Out Option Contract Page 6 Exhibit A Legal Description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperjon Tract One-A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et a1, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE3216" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE,N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 861314'27" E, a distance of 222.13 feet to a capped 1/2"iron pin set; THENCE S 52E3422"E, a distance of 867.86 feet to a capped 1/2"iron pin set; THENCE S 441308'03"E, a distance of 999.82 feet to a capped 1/2"iron pin set; THENCE S 65E5836" E, a distance of 1029.92 feet to a capped 1/2"iron pin set; THENCE N 901300'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2"iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; Exhibit A to Exhibit C Buy-out option Contract Page I THENCE S OOE0720" E along the east line of said Aperion Tract One-A and the west line of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8"iron pin found; THENCE N 47E15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8"iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2"iron pin set; THENCE N OOE11'12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2"iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2"iron pin set; THENCE S OOE11'12" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to -the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land,more or less. Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being the north n t-of- way line of State Highway No. 114, said brass monument also being on tlti, � t Exhibit to Exhibit C Buy-Out Option Contract &N1re 3F"-l'7 L� lk e `r , ,^ conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E4648" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E2944" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison,Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to A 518" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit A to Exhibit C Buy-Out Option Contract Page 3 Exhibit H List of Developments With a Prior Contractual Commitment Exhibit H to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 Exhibit "Hf" System Name PWS ID# County 1 Diamond Midge—W 2490052 Wise 2 Er¢abeth Creek Estates—W&WW Denton 3 Justin Ranch#1 —W&WW Denton 4 Lexington—W 2490040 Wise 5 Sage Meadows W 2 agreements) 0610222 Denton 6 Shale Creek W&WW 0610238 Denton 7 Sunshine Meadows/By Well—W 2490040 Wise 8 Willow Springs—W 0610237 Denton 9 Scenic Ridge-W 0610245 Denton W—Water W&WW—Water&Wastewater Exhibit H-1 Map of Developments Within the Denton-Wise County CCN Area With a Prior Contractual Commitment Pursuant to Section 7.04 Exhibit H-1 to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 Exhibit I Map of Area West of Existing City Limits Known as Walsh Ranch in Tarrant and Parker Counties Exhibit I to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 Walsh Ranch -------ft— " Exhibit I " Walsh Ranch =F •. I"-� ,1,"�-• r I '�-- - _ - _ - r 11'1' - -_ - ---- T r d ' >1 I1 Legend -a--- .� __............. IP ®V%Ish Ranch `- 4� °C Fort Worth City Limits E TJ tG . iZ u September 2004 w E 3= ,= a 3Pm City of Fort Worth, Texas FCC, EM s Exhibit J ASSIGNMENT AND ASSUMPTION AGREEMENT THIS ASSIGNMENT AND ASSUMPTION AGREEMENT("Assignment") is made and entered into as of the day of between a ("Assignor"), and ' a ("Assignee") (Assignor and Assignee are hereinafter sometimes collectively referred to as the "Parties" and singularly as a"Party"). RECITALS: A. Assignor is the owner of the rights of the Owner under that certain "Superseding Agreement Regarding Water and Wastewater Utility Service" (City Secretary Contract No. , M & C - (the "Agreement") effective as of , among Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, collectively and individually as Owner, the City of Fort Worth, Texas, as the City, and the City of Fort Worth Municipal Utility District No. 1 of Denton County, as the District, relating to the creation and operation of the District, to the extent that the Agreement covers, affects, and relates to the lands described on Exhibit A attached to and made a part hereof of this Assignment for all purposes(the"Transferred Premises"). B. Assignor desires to assign certain of its rights under the Agreement as it relates to the Transferred Premises to Assignee, and Assignee desires to acquire such rights,on and subject to the terms and conditions of this Assignment. NOW, THEREFORE, in consideration of the premises, the mutual covenants and obligations set forth herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged,the Parties hereby agree and act as follows: 1. Certain Defined Terms. Unless indicated otherwise herein, capitalized terms in this Assignment shall have the same respective meanings as are ascribed to them in the Agreement. 2. Assignment. Subject to all of the terms and conditions of this Assignment, Assignor hereby assigns all [or describe specifically assigned rights if partial] of its rights under the Agreement, insofar as the Agreement covers, affects, and relates to the Transferred Premises. 3. Assumption. Assignee hereby assumes all obligations of Assignor and any liability that may result from acts or omissions by Assignee under the Agreement as it relates to the Transferred Premises that may arise or accrue from and after the effective date of this Assignment, and Assignor is hereby released from all such obligations and liabilities from and after the effective date of this Assignment; provided, however this Assignment does not release Exhibit J to Superseding Agreement Regarding Water and Wastewater Utility Service Page 1 Assignor from any liability that resulted from an act or omission by Assignor that occurred prior to the effective date of this Assignment unless the City approves the release in writing. 4. Governing Law. THIS ASSIGNMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. 5. Counteruart/Facsimile Execution. This Assignment has been prepared in multiple counterparts, each of which shall constitute an original hereof, and the execution of any one of such counterparts by any signatory shall have the same force and effect and shall be binding upon such signatory to the same extent as if the same counterpart were executed by all of the signatories. Facsimile copies of signatures may be appended hereto with the same force and effect as legally delivered original signatures. 6. Notice to City. A copy of this Assignment shall be provided to the City within fifteen(15) days after execution. 7. Binding Effect. This Assignment shall be binding upon and shall inure to the benefit of Assignor and Assignees and their respective heirs, personal representatives, successors, and assigns. EXECUTED as of the day and year first above written. ASSIGNOR: I 1 By: Printed Name: Title: ASSIGNEE: I 1 By: Printed Name: Title: Exhibit J to Superseding Agreement Regarding Water and Wastewater Utility Service Page 2 STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of , 2005,by Notary Public, State of Texas STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of , 2005, by Notary Public, State of Texas [Add Acknowledgments] Exhibit J to Superseding Agreement Regarding Water and Wastewater Utility Service Page 3 EXHIBIT "A" The Transferred Premises Exhibit A to Exhibit J to Superseding Agreement Regarding Water and Wastewater Utility Service Page 4 Exhibit D Development Agreement Exhibit D to Agreement Concerning Creation and Operation Page 1 DEVELOPMENT AGREEMENT THE STATE OF TEXAS § COUNTY OF DENTON § This Development Agreement (this "Agreement") is entered into by the City of Fort Worth, Texas, a home-rule municipal corporation situated in Tarrant, Denton and Wise Counties, Texas (the "C "), acting by and through its duly authorized Assistant City Manager, and Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, Arizona limited liability limited partnerships(individually and collectively, "Owner"). RECITALS A. Owner has represented to the City that Owner is the owner of approximately 431.303 acres in Denton County, Texas, as shown on Exhibit A and described in Exhibit B attached to this Agreement (the "Development"). The Development lies entirely within the City's extraterritorial jurisdiction ("ETF'). Owner intends the Development to be the first phase of the master-planned community known as "Tradition," depicted for informational purposes only on the attached Exhibit A. B. The Texas legislature approved the creation of City of Fort Worth Municipal Utility District No. 1 of Denton County containing the Development by Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special District Local Laws Code, Chapter 8129, effective September 1, 2005 (the "District" and the "District Legislation"); provided, however, the District Legislation provides that the election to confirm creation of the District may not be held unless the City adopts a resolution after September 1, 2005, consenting to the creation of the District. C. Owner has submitted to the City a petition requesting the City's consent to the creation of the District. D. On December 13, 2005, the City Council of the City adopted Resolution No. 3299-12-2005 consenting to the creation of the District(the"Consent Resolution"). E. On December 13, 2005, the City Council of the City approved that certain "Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County" by and among the City, the District, and Owner (City Secretary Contract No. 32896, M&C C-21197) (the "Consent Agreement'). F. The Development is located in an area for which Aqua Utilities, Inc., formerly known as AquaSource Utility, Inc. a Texas corporation ("Aqua Utilities"), holds Certificate of Convenience and Necessity ("CCN") No. 11157 issued by the Texas Commission on Environmental Quality(the"TCEQ") to provide retail water service. Development Agreement Page 1 G. The Development is located in an area for which the TCEQ has not issued a CCN for retail sewer service. H. Retail water service to the Development will be provided by Aqua Utilities pursuant to: (i) that certain " Agreement for Sale of Treated Water " between Aqua Utilities and the City executed to be effective December 21, 2005 (City Secretary Contract No. 32902), pursuant to which agreement the City will provide treated water to Aqua Utilities; (ii)that certain lease and/or operating agreement between Aqua Utilities, Owner, and the District pursuant to which agreement: (A) Owner will construct or cause to be constructed (on behalf of or in the name of the District) water infrastructure improvements to serve the Development; (B) the District will lease the water infrastructure improvements to Aqua Utilities and/or enter into an operating agreement with Aqua Utilities; and (C) Aqua Utilities will operate and maintain the water infrastructure improvements and provide retail water service to the Development; and (iii) that certain"Superseding Agreement Regarding Water and Wastewater Utility Service"between Aqua Utilities, Owner, the District and the City executed to be effective December 21, 2005 (City Secretary Contract No. 32899 ), pursuant to which agreement: (A) Aqua Utilities has the right to provide retail water service to the Development until the City exercises its right to become the retail water provider in accordance with such agreement; (B) upon becoming the retail provider, the City has an option to purchase (for a nominal amount) the water infrastructure improvements serving the Development and to become the retail provider of water service to the Development; and (C) Aqua Utilities will cooperate with the City's efforts to obtain the CCN and any other regulatory approvals required to provide retail water service to the Development. I. Retail wastewater service to the Development will be provided by Aqua Utilities pursuant to: (i) that certain "Wholesale Wastewater Service Agreement" between Aqua Utilities and the City executed to be effective December 21, 2005 (City Secretary Contract No. 32903) pursuant to which agreement the City will provide wastewater treatment service to Aqua Utilities; (ii) that certain lease and/or or operating agreement between Aqua Utilities, Owner, and the District pursuant to which agreement (A) Owner will construct or cause to be constructed (on behalf of or in the name of the District) wastewater infrastructure improvements to serve the Development; (B) the District will lease the wastewater infrastructure improvements to Aqua Utilities and/or enter into an operating agreement with Aqua Utilities; and (C) Aqua Utilities will operate and maintain the wastewater infrastructure improvements and provide retail wastewater service to Development; and (iii) that certain "Superseding Agreement Regarding Water and Wastewater Utility Service"between Aqua Utilities, Owner,the District and the City executed to be effective December 21, 2005 (City Secretary Contract No. 32899) pursuant to which agreement: (A) Aqua Utilities has the right to provide retail wastewater service to the Development until the City exercises its right to become the retail wastewater provider in accordance with such agreement; (B) upon becoming the retail provider, the City has an option to purchase (for a nominal amount) the wastewater infrastructure improvements serving the Development and to become the retail provider of wastewater service to the Development; and (C) Aqua Utilities will cooperate with the City's efforts to obtain the CCN and/or any other regulatory approvals required to provide retail wastewater service to the Development. Development Agreement Page 2 J. The Development is located in a rapidly growing area of the City's ETJ, and development of the Development will impact the future character of the City. K. The purposes of this Agreement include encouraging innovative and comprehensive master-planning of the Development, providing a level of certainty of regulatory requirements throughout the term of this Agreement, and providing assurances that the Development will remain in the City's ETJ for the term of this Agreement, except for any commercial property annexed for limited purposes for the collection of sales and use tax. L. The Parties have the authority to enter into this Agreement pursuant to Section 212.172 of the Local Government Code. NOW THEREFORE,for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth,the Parties agree as follows: ARTICLE I DEFINITIONS "Agreement"means this Development Agreement between the City and Owner. "Aqua Utilities" means Aqua Utilities, Inc., formerly known as AquaSource Utility, Inc, a Texas corporation. "Assignee" means a successor to Owner as defined in Sections 9.02(b) and 9.03 of this Agreement. "Builder" means a person or entity that constructs, alters, or repairs improvements (other than Infrastructure), specifically including without limitation Structures, within any part of the Development. "Building Codes" means the following City codes in effect on the Effective Date, including any amendments thereto that are in effect on the Effective Date, except as modified by Section 2.14: (i) 2003 International Building Code, Ordinance Nos. 15948 and 16162 Sections 7-46 through 7-49 of the City Code; (ii) 2003 International Residential Code, Ordinance No. 15949, Sections 7-61 through 7- 64 of the City Code; (iii) 2002 National Electrical Code, Ordinance Nos. 15994, 16028 and 16165; Sections 11-1 through 11-4 of the City Code; (iv) 2003 International Plumbing Code and 2003 International Fuel Gas Code, Ordinance Nos. 15951 and 16164, Sections 26-1 through 26-4 of the City Code; Development Agreement Page 3 (v) 2003 International Mechanical Code, Ordinance Nos. 15950 and 16163, Sections 7- 166 through 7-169 of the City Code; and (vi) The following chapters/sections of the 2003 International Fire Code, (Ordinance Nos. 16027 and 16252, Sections 13-1 and 13-2 of the City Code, and excluding all other chapters and sections: Chapter 1 (Administration), excluding Sections 104.10 (Fire Investigations), 104.10.1 (Assistance from Other Agencies), and 104.11 (Authority at Fires and Other Emergencies), Section 105.1.2, Item#1 (Operational Permits), and all sections related to Item#1, and Section 105.6 (Required Operational Permits); a. Chapter 2 (Definitions); b. Chapter 5 (Fire Service Features), excluding Section 506 (Key Boxes) and Section 509 (Fire Command Center); C. Chapter 6 (Building Services and Systems); d. Chapter 7 (Fire Resistance Rated Construction); e. Chapter 8 (Interior Finish, Decorative Materials and Furnishings), Section 806 only; f. Chapter 9 (Fire Protection System); g. Chapter 22 (Service Stations and Repair Garages), excluding Section 2205 (Operational Requirements); h. Chapter 23 (High-Piled Combustible Storage), excluding Section 2305 (Housekeeping and Maintenance); i. Chapter 45 (Referenced Standards); and j. Appendix I (Installation of Fire Service Features, Fire Protection Systems and Tanks). (vii) 2003 International Energy Conservation Code (Ordinance No. 15952), Sections 7-41 through 7-44 of the City Code (viii) The following sections of the Environmental Protection and Compliance Code (Ordinance No. 12274): (a) Article 1, Divisions 1-3 (Administration and Enforcement), Sections 12.5-100 through 12.5-123 of the City Code; Development Agreement Page 4 (b) Article II (Air Quality), Sections 12.5-200 through 12.5-211 of the City Code; and (c) Article III (Stormwater Protection), Sections 12.5-300 through 12.5-321 of the City Code. (ix) The following sections of the City Code relating to the review of construction plans for food establishments, day care centers, and public swimming pools: (a) Sections 16-114(a), (b), and (c) and Section 16-115 (Food Establishments), Ordinance No. 12553; (b) Sections 16-421, 16-428, and 16-437 (Day Care Centers), Ordinance No. 11209; and (c) Sections 16-456, 16-458, 16-460(b)(1) and (f)(3), and 16-462(a), (b), (c), and (d) (Public Swimming Pools), Ordinance No. 12156. (x) The Sign Code, as hereinafter defined. "Building_ Permit" means a written certification issued pursuant to Section 2.16 of this Agreement that plans and specifications for the construction of a Structure are in substantial compliance with the Building Codes and with the applicable provisions of Article II of this Agreement and requiring that the Structure be constructed in compliance with such regulations. "CCN" means a certificate of convenience and necessity or similar permit issued by the TCEQ authorizing a specified entity to be the retail water or sewer provider in a specified area. "Certificate of Substantial Comyletion' means a written certification issued pursuant,to Section 2.17 of this Agreement that a Structure has been constructed in substantial compliance with the Building Codes and with the applicable provisions of Article II of this Agreement. "Certified Inspector' means an independent, certified, and state-licensed inspector who has been approved by the Development Director,the District, and Owner and who has agreed in writing to be bound by Sections 2.16, 2.17, 2.19 and 2.20 and applicable definitions in Article I of this Agreement. "CFA Policy" means the City's"Policy for the Installation of Community Facilities" as amended March 20, 2001 (M & G-13181) and in effect on the Effective Date, including any amendments thereto that are in effect on the Effective Date. "City"means the City of Fort Worth, Texas, a home-rule municipality located in Tarrant, Denton and Wise Counties, Texas. "Cily Code"means the Code of the City. Development Agreement Page 5 "City Council"means the City Council of the City. "City Facilitv" means a facility reasonably related to the provision of a municipal service by the City. "City Manager"means the City Manager of the City. "City Review Fees"means: (i)the fees and charges applicable to the City's preliminary and final plat review and approval process according to the fee schedule adopted by the City Council and in effect on the date of submittal of each plat application; and (ii) fees and charges applicable to the review and approval of plans relating to the construction of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of submittal of such plans. "Cluster"means one-family homes on lots clustered around a common access road or cul-de-sac. "Commercial Tracts"means Tracts 1 and 14 shown on the Development Plan. "Community Facilities Tracts"means Tracts 4 and 7 shown on the Development Plan. "ConsentAgreement' means the Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County by and among the City,the District and Owner, which was approved by the City Council on December 13, 2005 (City Secretary Contract No. 32896, M& C -21197) and executed as of December 21, 2005. "Consent Resolution" means Resolution No. 3299-12-2005approved by the City Council on December 13, 2005, consenting to the creation of the District. "Contractor" means a person or entity that constructs, alters, or repairs Infrastructure required to serve the Development, whether located within or outside the Development. "Coon "means Denton County,Texas. "County Review Fees" means fees and charges applicable to the review and approval of plans relating to the construction of detention and flood control structures and connections to County Roads according to the fee schedule adopted by the Commissioners Court and in effect on the date of submittal of such plans. "Coup Road" means any road located within the County but not within the District or a municipality. "Development" means that certain 431.303-acre tract located in Denton County, Texas as depicted in Exhibit A and described in Exhibit B. "Development Director" means the Director of the City's Development Department. Development Agreement Page 6 "Development Permit" means to apply and be granted a development permit for every buildable lot within the District in accordance with the Regulations for Floodplain Management in Denton County. "Development Plan" means Exhibit C attached to this Agreement identifying various tracts within the Development , including a description of the uses permitted within each tract, which tracts are described in Exhibit D. "District" means City of Fort Worth Municipal Utility District No. 1 of Denton County, to be renamed in accordance with Article X of the Consent Agreement, created over the Development by the District Legislation. "District Confirmation Date" means the date on which the Board of Directors of the District canvasses the results of the election held within the District confirming the creation of the District. "District Legislation" means Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special District Local Laws Code, Chapter 8129, effective September 1, 2005 creating the District. "Effective Date"means the date this Agreement is fully executed by the City and Owner. "ETJ" means the extraterritorial jurisdiction of a city as defined by the Local Government Code, as amended, with the City's ETJ being an unincorporated area presently extending five miles from the City's corporate limits, excluding other incorporated municipalities and their respective ETJs. "Gas Drilling Ordinance" means the City's "Gas Drilling Ordinance," Ordinance No. 14880, in effect on the Effective Date,including any amendments in effect on the Effective Date. "Governing Regulations" means the following (and only the following) that are in effect on the Effective Date, including any amendments thereto that are in effect on the Effective Date, except as modified by Section 2.14: (i) Subdivision Regulations; (ii) CFA Policy; (iii) All City fire protection requirements for water line sizing,number of connections, minimum water pressure, and number of fire hydrants; (iv) All City standards for design, location, construction, operation and maintenance of water and wastewater infrastructure and expressly including, without limitation, the Policy and Procedure for Processing Water and Wastewater Projects for Design and Construction (1999) and General Contract Documents and Specifications for Water Department Projects; Development Agreement jF age7 (v) Utility location standards; (vi) Transportation & Public Works Department, 2005 Pavement Design Standards Manual; (vii) Public Works Department Storm Drainage Criteria and Design Manual; (viii) City's Standard Specifications for Street and Storm Drain Construction; (ix) Transportation and Public Works Department Traffic Engineering Design Standards and Policy Guidelines; (x) Roadway Standards and Master Thoroughfare Plan approved by the City Council on February 19, 2002; (xi) Denton County standards for the construction of drainage and stormwater improvements contained in Denton County Subdivision Rules and Regulations (September, 2003), Section VIII, IX and XI. (xii) Denton County Regulations for Floodplain Management; (xiii) Gas Drilling Ordinance; (xiv) Building Codes; and (xv) Special Regulations. "Infrastructure" means all water, wastewater, drainage, roadway and other infrastructure improvements installed or constructed to serve the Development, whether located within or outside the Development. "Infrastructure Inspection Fees" means the fees applicable to the inspection and testing of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of the inspection. "Infrastructure Inspection Fees — Denton County" means the fees applicable to the inspection and testing of all detention and flood control structures and connections to County Roads according to the fee schedule adopted by the Commissioners Court and in effect on the date of the inspections. "Kiosk" means a freestanding presentation station in a public place for displaying static or interactive information on products, events, directions or locations "Large Retail Store" means a store for the retail sale of merchandise with a footprint exceeding 50,000 square feet, including without limitation a general merchandise store, home improvement Development Agreement Page 8 store, antique shop, appliance sales or supply store, new or used clothing store, new or used furniture store, greenhouse or plant nursery, grocery store, or facility for general retail sales. A large retail store that sells to members only or that also offers merchandise at wholesale is not excluded from this definition. "Lender"means a person or entity that receives a collateral assignment, pledge, security interest, lien, or other encumbrance of or in all or any part of the Development or in any Owner's or Assignee's rights under this Agreement to secure repayment of a debt or performance of an obligation by such Owner or Assignee. "Local Government Code"means the Texas Local Government Code, as amended. "Lot Owner" means any "end-buyer of a fully developed and improved lot" within the Development as such phrase is used in Section 212.172(f) of the Local Government Code. A Lot Owner is neither an Owner nor a Party and is bound by this Agreement in accordance with Section 9.04. "Mixed-Use Tracts"means Tracts 3 and 5 shown on the Development Plan. "Non-Owner Assignee"is defined in Section 9.02(c)of this Agreement. "Notice"means notice as defined in Section 9.01 of this Agreement. "One-Family Residential Tracts" mean Tracts 6, 8, 9, 10, 11, 12 and 13 shown on the Development Plan. "Open Space" means areas that are open to the sky, unpaved and at least six feet wide, provided, however, rooftop terraces and other common spaces within Tracts 3 and 5 that are at least six feet wide and outdoor paved areas designed and used for active recreation shall also be considered open space. "Owner" means, individually and collectively, Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships. The term "Owner" also includes any Assignee permitted by this Agreement, but does not include a Lot Owner. "Early" means, individually, the City, Owner, or Owner's successors and assigns (including any Assignee) as permitted by this Agreement. "Sign Code" means the following sections of Chapter 29 of the City Code in effect as of the Effective Date, except to the extent the Sign Code is inconsistent with Section 2.02(3), in which case Section 2.02(3)prevails: (i) Section A02.3 (Maintenance) (ii) Section A02.4 (Additions, Alterations, and Repairs) Development Agreement Page 9 (iii) Section A04.5(a)(Unsafe Sign or Sign Structure) (iv) Section 3.01 (Construction and Maintenance, General) (v) Section 3.04 (Electrical) (vi) Section 3.06 (Maintenance) (vii Section 4.01.1 (Encroachments;Requirements) (viii) Sections 4.02.1 and 4.02.2 (Traffic Hazards) (ix) Section 4.03 (Prohibited Signs) (x) Section 5.02.2 (Construction of Off-Premises Signs Prohibited in Extraterritorial Jurisdiction) "Sign, Monument" means a permanent sign with at least seventy-five percent (75%) of the structure's width in contact with the ground. "Sign, Off-Premises" means a sign that advertises businesses, commodities, activities, services or persons that are not usually available or present upon the premises upon which such sign is located, or that directs persons to any location not on the premises. Any sign with more than ten percent (10%) of the sign devoted to such use shall be deemed to be an off-premises sign. For purposes of this definition, "premises"means a platted lot. "Sign, On-Premises" means a sign that advertises the business name, owner and/or commodities, activities or services offered on the premises where such sign is located and where at least ninety percent (90%) of the sign is devoted to the advertisement of such business name, owner, commodities, activities or services. . For purposes of this definition, "premises"means a platted lot. "Significant Industrial Discharge" means any discharge of industrial waste that meets at least one of the following criteria: (1) the average discharge rate is greater than 50,000 gallons per day; or (2) biochemical oxygen demand (i.e., the quantity of oxygen used in the biochemical oxidation of organic matter under standard laboratory procedure in five days at 20 degrees Centigrade, expressed in milligrams per liter) and/or suspended solids concentrations exceed 250 mg/l; or (3) the waste falls within an industrial category regulated by National Pretreatment Standards as promulgated by the United States Environmental Protection Agency. "Special Re ations" means regulations concerning street, right-of-way and sidewalk width, block length and minimum street centerline off-sets described in Exhibit E attached to this Agreement. Development Agreement Page 10 "Strategic Partnership Agreement" means the Strategic Partnership Agreement attached as Exhibit E to the Consent Agreement to be executed by the City and the District providing for the limited purpose annexation of portions of the Development designated for commercial uses for the sole purpose of imposing a sales and use tax, pursuant to Section 43.0751 of the Local Government Code. "Structure" means any permanent building or structure that is intended for human occupancy and any other structure (including signs) over four (4) feet in height, except for fences, which shall not be considered to be Structures unless six (6) feet in height or greater. "Subdivision Regulations" means the City's Subdivision Ordinance No. 7234 and Plan Commission Rules and Regulations in effect on the Effective Date, including any amendments thereto in effect on the Effective Date. "TCEO'means the Texas Commission on Environmental Quality or its successor state agency. "Townhouse/Cluster Tract"means Tract 2 shown on the Development Plan. "Tradition" means the proposed master-planned community containing approximately 2,660 acres that may include residential, commercial, and recreational uses as generally depicted for informational purposes only in Exhibit A. "Zoning Ordinance"means Ordinance No. 13896,together with any amendments thereto that are in effect on the Effective Date, codified as Appendix"A"to the City Code. ARTICLE II DEVELOPMENT REGULATIONS 2.01 Applicable Regulations. The Development shall be developed solely in compliance with: (1)this Agreement including, but not limited to, the Development Plan and the Governing Regulations; (2) ordinances that the City is required to adopt by state or federal laws or regulations that impose requirements applicable to the Development (whether such laws or regulations are in effect on the Effective Date or enacted after the Effective Date); provided, however, if such state or federal laws or regulations allow the City to grant exemptions to such laws or regulations for which the Development qualifies, then the Development shall be exempt from such laws and regulations to the extent permitted by law, and the City shall take all action necessary to evidence such exemptions upon a showing made by Owner that the Development qualifies for such exemption; and (3) state or federal laws or regulations that impose requirements applicable to the Development (whether such laws or regulations are in effect on the Effective Date or enacted after the Effective Date); provided, however, if such state or federal laws or regulations allow the City to grant exemptions to such laws or regulations for which the Development qualifies, then the Development shall be exempt from such laws and regulations to the extent permitted by law, and the City shall take all action necessary to evidence such exemptions upon a showing made by Owner that the Development qualifies for such exemption. Notwithstanding the foregoing, however, nothing in this Section 2.01 constitutes a waiver of Owner's right to claim that the ordinances, laws, regulations, or rules Development Agreement Page 11 described in the preceding clauses "(2)" and "(3)" adopted after the Effective Date (i) do not apply to the Development based on the"vested rights" of Owner, whether such rights arise under Chapter 43, as amended, or Chapter 245, as amended, Local Government Code, or under any other existing or future common-law or statutory rights, or (ii) constitute an illegal exaction or a "taking" without compensation. Nothing in this Section 2.01 constitutes a waiver of the City's right to rebut or defend against any such claim by Owner. 2.02 Permitted Uses and Development Regulations. All property within the Development will be developed in accordance with the following requirements: 1. Permitted Uses. Uses are permitted in accordance with the chart attached as Exhibit F to this Agreement. In addition, accessory uses that are customarily incidental to any main use on a lot are permitted. The categories of uses listed in Exhibit F correspond to the tracts shown on the Development Plan attached as Exhibit C and described in Exhibit D, as follows: Tract 1 Commercial Tract 2 Townhouse/Cluster Tract 3 Mixed-Use Tract 4 Community Facilities Tract 5 Mixed-Use Tract 6 One-Family Residential: 5,000 square foot minimum lot size Tract 7 Community Facilities: Reserved for City Facility (see Article VII) Tract 8 One-Family Residential: 6,000 square foot minimum lot size Tract 9 One-Family Residential: 7,500 square foot minimum lot size Tract 10 One-Family Residential: 10,000 square foot minimum lot size Tract 11 One-Family Residential: 6,000 square foot minimum lot size Tract 12 One-Family Residential: 7,500 square foot minimum lot size Tract 13 One-Family Residential: 5,000 square foot minimum lot size Tract 14 Commercial 2. Off-Street Parking and Loading. (a) Except as otherwise provided in this Section 2.02, the following uses shall have the minimum number of off-street parking spaces stated in the table below. Parking for non-residential uses shall not exceed 125% of the minimum number of required off- street parking spaces. For any permitted use in the Development not expressly listed below,the parking requirements for the most similar use shall apply. Development Agreement Page 12 USE REQUIREMENT RESIDENTIAL 1 space per bedroom plus 1 space per 250 square feet of common areas, Multifamily offices and recreation(less laundry rooms and storage).Two spaces may be tandem if assigned to the same unit and restricted from use for storage. 2 spaces per dwelling unit,located behind the front building line.No more than one garage and one carport or porte cochere shall be allowed per Single family and townhouse dwelling unit on a single residential lot unless the additional garages or porte cocheres are an integral part of the main residential structure with the same roofline and driveway as the residential structure. PUBLIC AND CIVIC Medical clinic,health services, 1 space per doctor plus 1 space per 4 employees plus 4 spaces per 1000 facility,assisted living facility square feet of gross floor area 1 space per 4 seats in sanctuary or worship area in One-Family Residential Place of worship Tracts and Townhouse/Cluster Tract;1 space per 5 seats in sanctuary or worship area in all other tracts School,elementary and junior 1 space per 16 students high(public or private) School,high school(public or 1 space per 1.75 students plus 1 space per 5 stadium seats(may be private) double counted) COMMERCIAL A minimum of one parking space per 250 square feet of gross floor area or Large retail store fraction thereof shall be provided.Additional parking may be provided,with a maximum of one space per 200 square feet of gross floor area or fraction thereof. Commercial business,retail sales and service(other than 4 spaces per 1000 square feet big box retail) Hotel 1 space per bedroom unit plus 1 space per 4 patron seats in rooms open to public plus 5 spaces per 1000 square feet of display/ballroom area 1 space per guest room or suite plus 1 space per 4 seats plus 5 spaces per Private club,cocktail lounge 1000 square feet of ballroom available to nonresidents plus 1 space per 4 employees Office,professional building 2.5 spaces per 1000 square feet of gross floor area Restaurant,cafeteria 1 space per 100 square feet Theater,auditorium,place of 1 space per 4 seats in main auditorium plus 5 spaces per 1000 square feet public assembly of ballroomisimilar area plus 1 space per 4 employees Walkup business 4 spaces per 1000 square feet (b) Standard parking spaces shall be a minimum of nine (9) feet in width and 18 feet in length. Parallel parking spaces shall be a minimum of eight (8) feet in width and 22 feet in length. (c) Maneuvering space shall be located on private property. (d) For Tracts 3 and 5,the following additional parking requirements apply: Development Agreement Page 13 (1) For mixed-use buildings and projects, the total parking requirement shall be the sum of the individual requirements for all uses. A joint use parking agreement, if executed according to the standards set forth below, would allow a reduction in the total requirement for a mixed-use building or project. (2) The required parking for any use may be located off-site, provided that such parking is located within 500 feet of the subject site. (3) Adjacent on-street parking may be applied toward the minimum parking requirements, but shall not reduce the pertinent maximum parking limitations. (4) Joint use parking facilities are permitted. Joint use of required parking spaces may occur where two or more uses on the same site or on separate sites are able to share the same parking spaces because their parking demands occur at different times. Joint use of required parking spaces is allowed if the following documentation is submitted with the building permit application: (A) The names and addresses of the uses and of the owners or tenants that are sharing the parking; (B) The location and number of parking spaces that are being shared; (C) An analysis showing that the peak parking demands for the different uses occur at different times, and that the parking area will supply at least the minimum number of required spaces for each use during its respective peak parking times; and, (D) A legal instrument such as an easement or deed restriction that guarantees access to the joint parking for all uses. (5) Surface parking shall not be permitted between a building front and the street. (6) Surface parking is prohibited in side yards. 3. Ste. (a) Signs shall be constructed and maintained in accordance with the Sign Code. (b) Off-Premises Signs are prohibited unless expressly permitted by this Section 2.02(3). (c) The following signs are permitted within all tracts in the Development: (1) Temporary decorative flags; Development Agreement Page 14 (2) Temporary public interest signs, including portable signs and banners, announcing activities or events, subject to the following requirements: (A) Signs shall be a maximum size of 60 square feet; (B) No temporary sign shall be located within 100 feet of another temporary sign; (C) Temporary signs shall be maintained for no more than 30 days; (D) Temporary signs may not be erected on a platted lot more than twice in a calendar year. (3) Warning, security and directional signs for parking or vehicle access; (4) Government signs, including without limitation informational, directional and traffic signs; (5) Political signs erected in accordance with state law; (6) Window signs displaying commercial messages, provided no sign may exceed 25% of the glass area. "Window signs" include signs displayed on the exterior side of the window and signs displayed within ten (10) feet of the interior side of the window that are visible from outside the building. (7) Nameplate and street address signs not exceeding one square foot in area; (8) One temporary non-illuminated real estate sign advertising the sale or lease of real property on which the sign is located. Such sign shall not exceed eight (8) square feet in area in any One-Family Residential Tract or Townhouse/Cluster Tract or 60 square feet in area and eight(8) feet in height on any other tract; and (9) Other non-commercial signs as permitted by Owner. (d) A maximum of six(6)kiosks are permitted within the Development along and visible from (but not necessarily adjacent to) Community Parkway, as shown on the Development Plan. Content is limited to: (11) Name and logos of the Tradition project; (2) Names and logos of builders within the Tradition project; Development Agreement Page 15 (3) Information concerning non-business destinations within the Tradition project;or (4) Any combination of the foregoing. No kiosk may exceed eight(8) feet in height and five (5) feet in width. (e) Subdivision entry signs are permitted at each main entrance to a residential subdivision. These signs may be located on private property or in parkways, medians, or common areas. Content is limited to the name and logo of the subdivision or any combination thereof. All signs must be monument signs, and may not exceed eight (8) feet in height and 16 feet in width. (f) One multi-tenant sign is permitted anywhere within Tract 14. The sign may not exceed 40 feet in height above the perpendicular driving grade of State Highway 114 or 80 feet in height, whichever is less. The maximum width of the sign may not exceed 24 feet. Twenty-five percent (25%) of the width of the sign structure must be in contact with the ground. Content is limited as follows: (1) Name, trade name, logo (or any combination thereof) of any owner,tenant,business, or occupant of property within Tract 14;; (2) Identification of any property within Tract 14; (3) Accommodations, services, or activities offered or conducted within Tract 14; (4) Products sold or leased within Tract 14; (5) Sale, lease, development, or construction of property within Tract 14; or (6) Any combination of the foregoing. Development Agreement Page 16 (g) The following detached On-Premise Signs are permitted in Tracts 1, 3, 5 and 14: Sign Type Business Structure Structure Location on property Minimum And Listing Maximum Maximum ground Tract Height Width contact Monument Single or 8 feet 16 feet 0' setback to the right 75%of the multi of way line; one foot sign tenants setback from adjacent structure's located property lines for each width must within the foot in height be in contact business with the complex ground Pylon Single or 25 feet 16 feet Maximum height of 8 50%of the Sign multi feet at the right of way sign tenants line with one foot structure's located setback from right of width must within the way line for each be in contact business additional foot in with the complex height; one foot ground setback from adjacent property lines for each foot in height Advertising message area on the sign structure shall not exceed the street frontage of the platted lot on which the sign is located (one square foot of message area for each foot of frontage) or 1.5 times the right-of-way width,whichever is less,up to a maximum of 75% of the sign structure. Areas that do not include advertising message must be unilluminated and constructed with materials similar to the building associated with the sign. (h) Signs erected pursuant to Subsections (f) and (g) shall be at least 100 feet apart. (i) Attached on-premise signs are permitted in Tracts 1, 3 5 and 15 as long as the cumulative area of all attached on-premise signs on a building fagade does not exceed ten percent (10%) of the area of the fagade. "Fagade" is equal to the building length times building height; provided, however, for purposes of such calculation, building height shall be a maximum of 15 feet despite the fact that the actual building height may exceed 15 feet. Doors and windows shall be included in the calculation of the fagade area. The length of an attached sign may not exceed 75% of the length of the building to which it is attached. Development Agreement Page 17 (j) Any sign authorized to contain commercial copy may contain noncommercial copy in lieu of commercial copy. 4. Outdoor Storage or Display— Large Retail Stores . Outdoor storage and display by Large Retail Stores is permitted in Tracts 1, 3, 5, and 14 subject to the following restrictions: (a) No merchandise displayed outdoors may be stacked to exceed six (6) feet in height(except Christmas trees displayed in vertical position). (b) No single item may exceed 12 feet in height. (c) Merchandise may be displayed and carts may be stored within 20 feet from the front wall of the building. (d) A clearly delineated pedestrian walkway at least four (4) feet in width shall be provided contiguous to the 20-foot display and cart storage area to provide unimpeded pedestrian access to the building. An unobstructed walkway must be provided between the curb, fire lane, maneuvering aisle or parking space and any stored and/or displayed merchandise. (e) Stored merchandise, goods, or products shall not obstruct visibility of motor vehicle traffic lanes. (f) An area the width of the customer entrance and exit door(s) plus 15 feet on either side of the door(s) shall be maintained clear of merchandise and carts to allow unimpeded pedestrian access to the building. (g) Areas for customer loading of merchandise shall be clearly delineated and shall not be located in front of any customer entrance or exit door(s) or within 15 feet of either side of the door(s). (h) Outdoor storage, display and sales of plumbing fixtures and large household appliances, including without limitation hot tubs, washers, dryers, refrigerators, dishwashers and trash compactors, is prohibited. (i) No area used for the outside storage or display of merchandise shall be located within 25 feet of the rear or side of a One-Family Residential Tract or Townhouse/Cluster Tract. 0) No area designated for off-street parking may be used for outside storage or display of merchandise (except Christmas trees). (k) Areas devoted to permanent outdoor storage shall be screened by a solid wall that is a minimum of eight (8) feet in height consisting of the same materials as the principal building. Development Agreement Page 18 5. Outdoor Storage and Display—Other Commercial Uses. Outdoor storage and display by commercial uses, with the exception of Large Retail Stores, is permitted in Tracts 1, 3, 5, and 14 subject to the following restrictions: (a) The following items may be displayed and/or stored outside the main building subject to the conditions contained in this Section 2.02: (1) Bagged grass seed; (2) Bagged fertilizer; (3) Bagged mulch; (4) Bagged bark chips; (5) Bagged play sand; (6) Bagged potting soil; (7) Bundled firewood; (8) Cut Christmas trees; and (9) A maximum of ten (10) portable boxes, bins or other such containers, not to exceed 96-gallon capacity each, for the purpose of collecting aluminum cans, glass, grocery bags or plastic bottles. (b) Outside storage and/or display of the above listed items is subject to the following conditions: (1) No merchandise may be stored or stacked to exceed four (4) feet in height (except Christmas trees displayed in vertical position). (2) No merchandise may extend more than five (5) feet from the front wall of the building. (3) A four-foot wide unobstructed walkway must be provided between the curb, fire lane, maneuvering aisle or parking space and any stored and/or displayed merchandise. (4) No stored merchandise, goods or products may be situated such that visibility of motor vehicle traffic lanes is obstructed. (5) No area used for the outside storage or display of merchandise shall be located within 25 feet of the rear or side of a One-Family Residential Tract or Townhouse/Cluster Tract. Development Agreement Page 19 (6) No area designated for off-street parking may be used for outside storage or display of merchandise (except Christmas trees). 6. Oven Space and Parkland. A minimum of 63 acres of Open Space shall be provided as shown on the Development Plan. Such Open Space shall include the following park facilities, at a minimum: (1) A community park with a minimum area of 5.5 acres with sports fields and gazebo; (2) A district park with a minimum area of 2.3 acres; and (3) At least seven(7)pocket parks, each with a minimum area of .8-acres. 2.03 Tracts 1. 14 — Commercial. Tracts 1 and 14 as shown on the Development Plan will be developed as follows: Front Yard None required. Rear Yard 10 feet minimum unless adjacent to residential use,where 15 feet minimum required Side Yard Interior lot 5 feet minimum adjacent to One-Family Residential Tract or Townhouse/Cluster Tract, none otherwise. If provided,side yard must be 3 feet minimum. Comer lot None required unless through lot,then 10 feet minimum required Height 3 stories or 45 feet maximum. 2.04 Tract 2—Townhouse/Cluster. Tract 2 as shown on the Development Plan will be developed as follows: Units per Acre Maximum number of 12 units per gross acre on average Units per Bldg. 10 maximum Front Yard 10 feet minimum Side Yard 10 feet minimum adjacent to street,otherwise no setback is required;for comer lots, orches may be located in the side yard adjacent to a street Height 35 feet maximum Bldg,Separation 10 feet minimum 2.05 Tract 3, 5 — Mixed Use. Tracts 3 and 5 as shown on the Development Plan will be developed as follows: Front Yard 14 feet minimum; 16 feet maximum Side Yard No setback unless(i)required by the Building Codes,or(ii)an abutting property with an existing building has windows facing to the side,in which case a minimum 10-foot separation between the existing building and new building is required Rear Yard 5 feet minimum Maximum Height 45 feet,or 3 stories,whichever is less,except that the maximum height shall be 60 feet or 5 stories,whichever is less,if(i)residential uses constitute 20 percent or more of a building's gross floor area,and(ii)office,eating and entertainment, and/or retail sales and service use constitute 10 percent or more of the building's Development Agreement Page 20 gross floor area. Maximum Residential 40 units per gross acre,except that a maximum of 60 units per gross acre are Units Per Acre permitted if the project includes office,eating and entertainment, and/or retail sales and services uses that constitute at least 10 percent of gross floor area. Entrances A rinci al building must have its main entrance from a public sidewalk or plaza 2.06 Tracts 4, 7—Community Facilities. Tracts 4 and 7 as shown on the Development Plan will be developed as follows. Lot Width 50 feet minimum Front Yard 20 feet minimum Rear Yard 5 feet minimum reduced to 0 feet where adjacent to an alley at least 10 feet wide Side Yard Adjacent to residential 5 feet minimum use Across street from a side 10 feet minimum and in a residential tract Height 35 feet maximum 2.07. Tracts 6, 13 — One-Family Residential 5,000. Tracts 6 and 13 as shown on the Development Plan will be developed as follows: Lot Area 5,000 square feet minimum Lot Width 50 feet minimum at building line,60 feet minimum for corner lots Lot Coverage 50 percent maximum Front Yard 15 feet minimum, 10 feet for porches Rear Yard 5 feet minimum Side Yard Interior lot 5 feet minimum Corner lot 10 feet minimum adjacent to side street and 5 feet minimum for interior lot line; orches may be located in the side yard adjacent to a street Height 35 feet maximum 2.08 Tracts 8, 11 — One-Family Residential 6,000. Tracts 8 and 11 as shown on the Development Plan will be developed as follows: Lot Area 6,000 square feet minimum Lot Width 60 feet minimum at building line,70 feet minimum for corner lots Lot Coverage 50 percent maximum Front Yard 15 feet minimum, 10 feet for porches Rear Yard 5 feet minimum Side Yard Interior lot 5 feet minimum Comer lot 10 feet minimum adjacent to side street and 5 feet minimum for interior lot line; orches may be located in the side yard adjacent to a street Height 35 feet maximum Development Agreement Page 21 2.09 Tracts 9, 12 — One-Family Residential 7,500. Tracts 9 and 12 as shown on the Development Plan will be developed as follows: Lot Area 7,500 square feet minimum Lot Width 75 feet minimum at building line, 85 feet minimum for comer lots Lot Coverage 45%percent maximum Front Yard 20 feet minimum, 15 feet for porches Rear Yard 5 feet minimum Side Yard Interior lot 5 feet minimum Comer lot 10 feet minimum adjacent to side street and 5 feet minimum for interior lot line; orches may be located in the side yard adjacent to a street Height 35 feet maximum 2.10 Tract 10 — One-Family Residential 10,000. Tract 10 as shown on the Development Plan will be developed as follows: Lot Area 10,000 square feet minimum Lot Width 90 feet minimum at building line, 100 feet minimum for comer lots Lot Coverage 40%maximum Front Yard 25 feet minimum,20 feet for porches Rear Yard 10 feet minimum Side Yard Interior lot 5 feet minimum Comer lot 10 feet minimum adjacent to side street,5 feet minimum for interior lot line;porches may be located in the side yard adjacent to a street Height 35 feet maximum 2.11 Exclusive Requirements. The requirements set forth in Sections 2.02 through 2.10 of this Agreement are exclusive with regard to the subject matter of the sections. For example, Section 2.02(1) sets forth the only off-street parking and loading requirements that apply to the Development. The Development Director (with the consent of Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP) may administratively approve minor revisions to Sections 2.02 through 2.10 of this Agreement. A "minor revision" means the following: (a) an increase in the height of structures of five (5) percent or less; (b) a setback reduction of ten (10) percent or less; (c) an increase in ground coverage by a structure of five (5) percent or less; (d) a reduction in off-street parking of five (5) percent or less; (e) an increase in the number, height or area of signs of five (5) percent or less; and (f)an increase in outdoor storage or display area of five (5)percent or less 2.12 Amendment of Development Plan. The Development Plan is incorporated as part of this Agreement; however,the interior boundaries of the tracts shown on the Development Plan (including the boundaries of the Open Space)may be adjusted, from time to time, as provided by this Section 2.12. In no event shall the exterior boundaries of the Development be adjusted. Owners of the property affected by any boundary change, with the prior written consent of Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, shall have the right, concurrently with the filing of any preliminary plat, to adjust the boundaries of the Development Agreement Page 22 tracts so long as the cumulative effect of all adjustments does not change the area within any tract by more than ten (10) percent (based on the areas that existed on the Effective Date) and does not reduce Open Space or parkland to less than the requirements set out in Section 2.03(6). Owners of the property affected by any boundary change, with the prior written consent of Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and the written approval of the Development Director, shall have the right, concurrently with the filing of any preliminary plat, to further adjust the boundaries of the tracts so long as the cumulative effect of all adjustments does not change the area within any tract by more than 15% (based on the areas that existed on the Effective Date) and does not reduce Open Space or parkland to less than the requirements set out in Section 2.03(6). All other changes to the Development Plan shall require the consent of Owners of the property affected by the change, the prior written consent of Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and the approval of the City Council. If the interior boundaries of the tracts shown on the Development Plan are adjusted pursuant to this Section 2.12, the amended Development Plan and revised legal descriptions for the affected tracts will be attached to this Agreement as Exhibit C and Exhibit D. respectively, and the City will cause the amended exhibits to be attached to the official version of this Agreement on file in the City Secretary's Office. Owner will cause the amended Agreement to be recorded in the Real Property Records of Denton County, Texas, in accordance with Section 9.04. 2.13 Plat Approval. Subdivision of the Development or any portion thereof shall require approval of plats by the City's Plan Commission. The conveyance by metes and bounds of any portion of the Development to any person for the purpose of qualifying such person to be a member of the board of directors of the District shall not be considered a subdivision of land requiring a plat or otherwise requiring the approval of the City; provided, however, no Structure shall be constructed on any portion of the Development conveyed for such purpose unless and until a plat of such portion has been approved by the City's Plan Commission. Subdivision of the Development shall not require the approval by the City's Plan Commission of a "Concept Plan"as defined in the Subdivision Regulations. 2.14 Modification of Governing Regulations. (a) If a preliminary plat for the entire 431.303 acres comprising the Development is approved by the City's Plan Commission before January 1, 2007, the development of all portions of the Development for which the Plan Commission approves final plats shall be in accordance with the Governing Regulations, as defined in Article I. (b) If a preliminary plat for the entire 431.303 acres comprising the Development is approved by the City's Plan Commission between January 1, 2007 and September 30, 2007, the Governing Regulations that are in effect on January 1, 2007, including amendments in effect on January 1, 2007, shall apply to development of all portions of the Development for which a final plat is approved by the Plan Commission, and the definition of"Governing Regulations" shall be deemed to be amended accordingly. (c) If a preliminary plat for all or any portion of the Development is approved by the Plan Commission on or after October 1, 2007, the Governing Regulations that are in effect on Development Agreement y HIC-111kiAHNNr. 23 I o t+ C/ :�R� y e } the date of submittal of the preliminary plat shall apply to development of all portions of the Development for which a final plat is approved by the Plan Commission, and the definition of "Governing Regulations" shall be deemed to be amended accordingly. 2.15 Water Wells. No water wells may be drilled within the Development for the purpose of providing potable water; however, wells may be drilled for the purpose of providing irrigation water. All water wells will be permitted through the Denton County Department of Environmental Services. 2.16 Building Permits. No Structure shall be constructed on the Development without a Building Permit issued to the Builder by a Certified Inspector hired and paid for by the Builder. Except for model homes, no Building Permit shall be issued for a Structure unless located on a lot for which a final plat has been recorded. Building permits may be issued for model homes prior to the recordation of final plats for the lots if the Infrastructure to serve the lots has been completed (including fire protection); however, no model home may be sold to an end-user homeowner until a final plat has been recorded. If requested by the District, Building Permits shall be issued through the administrative control of the District pursuant to procedures adopted by the District, provided such procedures are not inconsistent with this Agreement, and each Builder and each Certified Inspector agrees to be bound by such procedures. 2.17 Certificates of Substantial Completion. Except for model homes, no Structure shall be occupied within the Development until a Certificate of Substantial Completion has been issued to the Builder by a Certified Inspector hired and paid for by the Builder. Model homes may be occupied for the sole purpose of sales and marketing; however, no model home may be occupied by an end-user homeowner until a Certificate of Substantial Completion has been issued. If requested by the District, each Certificate of Substantial Completion shall be issued through the administrative control of the District pursuant to procedures adopted by the District, provided such procedures are not inconsistent with this Agreement, and each Builder and each Certified Inspector agrees to be bound by such procedures. 2.18 Builder Status Reports. Each Builder shall maintain a permanent record of all Building Permits and Certificates of Substantial Completion issued to the Builder, which records shall be available for inspection and copying by the City, the District, and Owner during normal business hours. In addition, each Builder shall provide weekly written status reports to the District and monthly written status reports to the Development Director identifying the addresses of Structures for which Building Permits and Certificates of Substantial Completion were issued to the Builder during the preceding week or month,respectively. 2.19 Certified Inspector Status Reports. Each Certified Inspector shall maintain a permanent record of all Building Permits and Certificates of Substantial Completion issued by such Certified Inspector, which records shall be available for inspection and copying by the City, the District, and Owner during normal business hours. In addition, each Certified Inspector shall provide weekly written status reports to the District and monthly written status reports to the Development Director identifying the addresses of Structures for which Building Permits and Certificates of Substantial Completion were issued during the preceding week or month, respectively. Development Agreement Page 24 2.20 Inspection Rights. The City, Owner, and the District shall have the right, but not the obligation, to inspect, from time to time, any Structure under construction to determine substantial compliance with the Building Codes and with Sections 2.01 through 2.10 of this Agreement and to "red-tag" any Structure for non-compliance. If any inspection conducted pursuant to this Section 2.20 results in the"red-tagging" of a Structure, and if the Builder fails to correct the non-compliance within a reasonable time period to the satisfaction of the Parry that red-tagged the Structure and the Certified Inspector, any of the City, Owner, and the District will be entitled to enforce compliance and to prevent the occupancy of the Structure by the issuance through the Certified Inspector of a "stop-work order" (or through the Party that red- tagged the Structure if the Certified Inspector refuses to issue a"stop-work order") until the non- compliance is corrected to the reasonable satisfaction of the Certified Inspector and the Parry that red-tagged the Structure. All costs and expenses paid or incurred by the City, Owner, or the District in exercising their rights under this Section 2.20 shall be paid by the Builder. Substantial compliance of all Structures with the requirements of the Building Codes and Article II of this Agreement shall be the responsibility of the Builder. Notwithstanding the foregoing, if the Builder of the non-complying Structure is not also the Owner of the underlying property, then such Owner will also be responsible for correcting such non-compliance and paying any costs and expenses paid or incurred by the City or the District in exercising their rights under this Section 2.20. Nothing in this Agreement is intended to create any liability of the City or the District to inspect or otherwise determine whether Structures are constructed in accordance with this Agreement. 2.21 Contracts with Builders. If a Builder is not an Owner, then the Owner who contracts with such Builder shall incorporate the requirements of this Article II into a written construction contract with the Builder. All contracts with such non-Owner Builders shall provide that the City is a third-party beneficiary of, and may enforce, the contracts against the Builder. 2.22 Prohibited Uses. No portion of the Development shall be used in a manner that produces a Significant Industrial Discharge. 2.23 Temporary Manufactured Housing. A maximum of five temporary HUD- certified manufactured homes shall be permitted on the Development at any given time for occupancy by qualified voters that are necessary for the creation and administration of the District. Owner will apply for and be granted a Development Permit through the County in accordance with the development permit guidelines and application process for all temporary manufactured housing. At this time Owner will be issued a 911 address for the property in question. Owner will notify the City of the make, model, HUD number, and 911 address of each home within 15 days after it is occupied. All manufactured homes will be removed from the Development within 180 days after the District Confirmation Date. Placement of manufactured homes on the Development for such purpose shall not require a Building Permit or Certificate of Substantial Completion; shall not be considered a subdivision of land requiring a plat or other approval of the City; and shall not otherwise be subject to the Governing Regulations or the requirements of Sections 2.02 through 2.10 of this Agreement; provided, however, utilities shall be provided to the homes in accordance with all applicable regulations of Denton County. Development Agreement Page 25 2.24 Conflicts. In the event of a conflict between the Special Regulations and any other provisions of this Agreement, the Special Regulations shall control. 2.25 Landscape Standards. Within 180 days after the Effective Date, Owner shall cause to be recorded against the Development mandatory deed restrictions that include, among other provisions, minimum landscape standards for commercial and residential development. The landscape standards recorded against the Development shall meet or exceed the material landscape standards that are applicable to comparable development within the City based on the Zoning Ordinance in effect on the Effective Date, specifically including, without limitation, the material landscape standards for Large Retail Stores contained in Section 5.133 of the Zoning Ordinance. Owner shall provide a draft copy of the proposed deed restrictions to the City at least 60 days prior to recordation and the City shall have 30 days during which to review and provide written comments to such restrictions. Owner shall use reasonable efforts to incorporate the City's comments prior to recordation. If the City fails to provide written comments within such 30-day period, the City shall be deemed to have approved the restrictions submitted by Owner. If there is a dispute between Owner and the City as to whether a City standard is "material" or whether the proposed deed restrictions "meet or exceed" a material standard, Owner and the City shall each name a licensed landscape architect (who shall, in turn, select a third), which three architects shall then resolve the dispute as quickly as possible (which resolution shall be binding upon Owner and the City). The cost of the architects shall be shared equally by Owner and the City. 2.26 Enforcement of Environmental Regulations. (a) City. Pursuant to Section 212.172(b)(6) of the Local Government Code, the Parties agree that the City may, but is not obligated or required to, enforce environmental regulations set out in Chapter 12.5 of the City Code that are in effect on the Effective Date, including any amendments in effect on the Effective Date. The Parties also agree to any enforcement authority regarding environmental regulations set forth in the Agreement for Sale of Treated Water, the Wholesale Wastewater Service Agreement, and the Superseding Agreement Regarding Water and Wastewater Utility Service, all as described in the Recitals to this Agreement. (b) Coup . The Environmental Services Department for Denton County will be responsible for permitting any and all water wells and septic systems within the boundary of the District. All required systems will be installed per the guidelines as outlined by the Environmental Services Department in Denton County. 2.27 Approval by Denton County: No Road or Drainage Maintenance by County. Execution of this Agreement by the Parties is subject to approval of this Agreement by the Denton County Commissioners Court. Upon approval of this Agreement by the Commissioners Court, Denton County and the Parties agree that all plan review, inspection, plat review and approval, and all other actions and approvals relating to development of the Development shall be performed solely by the City in accordance with this Agreement, with the exception of any flood control structures, floodplain improvements and connections to County Roads. All roads and drainage improvements within the Development shall be maintained by the District or one or more homeowners' associations. Denton County shall have no duty to maintain any roads within Development Agreement Page 26 the Development. At the discretion of the Denton County Commissioners Court, a request for maintenance may be made to the District in writing for areas that may directly impact upstream or downstream constituents of Denton County. 2.28 Removal of Certified Inspector. The Development Director may revoke his or her approval of a Certified Inspector who issues a Building Permit or a Certification of Substantial Completion that does not comply with all provisions of this Article II. ARTICLE III CONSTRUCTION AND INSPECTION OF INFRASTRUCTURE 3.01 Infrastructure Standards. All Infrastructure shall be designed and constructed in compliance with: (a) the Governing Regulations; (b) the rules and regulations, if any, of the District; (c) the rules and regulations of TCEQ; and (d) the rules and regulations, if any, of the holder of any CCN for retail water or retail wastewater service to all or any portion of the Development. In the event of any conflict between the Governing Regulations and either the rules or regulations of the District or the rules and regulations of any CCN holder, the Governing Regulations shall control unless otherwise agreed in writing by the Development Director. 3.02 Additional Construction Standards for Water Utility Infrastructure. The water utility Infrastructure serving the Development must be constructed using the same type, or a compatible type, of meters, valves, meter boxes and service lines used by the City for its municipal water system; provided, however, that automated meter reading ("AMR")-compatible may be used. 3.03 Plan Review; Payment of Fees; and Pre-Construction Conference. Construction of Infrastructure shall not commence until the plans and specifications have been reviewed and accepted by the City for compliance with the Governing Regulations; a pre-construction conference has been held by the Contractor, the District's engineer and representatives of the City's Department of Engineering; and the applicable City Review Fees have been paid. At such pre-construction conference, the Department of Engineering shall designate City employees to serve as the project inspector (the "City Inspector")for purposes of Sections 3.05, 3.07 and 3.10 and the project manager. 3.04 Community Facilities Agreements. Construction of Infrastructure shall not commence until a Communities Facilities Agreement has been executed in accordance with the CFA Policy. Notwithstanding the Governing Regulations, the City shall not participate in the cost of construction of any Infrastructure unless the City requires the construction of Infrastructure that exceeds that which is roughly proportionate to the impact of the Development. 3.05 Insuections by Third Party Inspectors. Except as otherwise provided in this Section 3.05, inspectors retained by the Owner or Contractor and approved by the City (which approval shall not be unreasonably withheld or delayed) shall perform or cause to be performed all inspections and testing of the construction of Infrastructure for compliance with this Article III. The Owner or Contractor, as applicable, shall submit the names, addresses and phone numbers of such inspectors simultaneously with submittal of plans in accordance with Section 3.03. Construction of Infrastructure shall not commence until such inspectors have been Development Agreement Page 27 approved by the City. Owner or Contractor shall cause the inspectors to provide copies of all inspection and testing reports to the City Inspector. All costs of such third parry inspectors shall be paid by Owner and Contractor. 3.06 Termination of Third Party Inspectors. The City has the right to terminate any third party inspector retained by the Owner or Contractor pursuant to Section 3.05 if the inspector: (i) fails to properly perform inspections and testing to ensure construction in compliance with this Article III; or(ii) fails to provide copies of inspection and testing reports to the City's Department of Engineering. Upon termination of any third party inspector,the City, at its option, may allow the use of another approved third party inspector or perform all necessary inspections and testing. Should the City elect to perform inspections and testing for compliance with this Article III pursuant to this Section 3.06, the City shall perform such inspections and testing in a timely manner (which inspections shall satisfy all applicable requirements of the TCEQ) and the Owner and Contractor shall pay Infrastructure Inspection Fees in accordance with Section 4.02(a). 3.07 Inspections (a) Com. The City has the right, but not the obligation, to inspect and test the Infrastructure at any time. Further,the City has the right to participate in a final inspection of all Infrastructure. The Contractor shall notify the City Inspector when Infrastructure is ready for final inspection. If the City Inspector concurs that construction of the Infrastructure is substantially complete, the City Inspector will schedule a final inspection by the City within 30 days. Upon final inspection and correction of any punch list items, written certification by the City Inspector that Infrastructure has been constructed in compliance with the Governing Regulations shall constitute compliance with Sections 3.01(a), 3.02, 3.03, 3.04, 3.05 and 3.09. Notwithstanding anything contained herein, the City shall have the right to charge Infrastructure Inspection Fees for such inspections and testing only if the City performs inspections and testing pursuant to Section 3.06. (b) Coggly. The County will inspect all flood control structures and connections to County Roads. The County Public Works Department will be responsible for conducting these inspections and agrees to do so within a timely manner in accordance with the Denton County Subdivision Rules and Regulations. 3.08 Contracts with Contractors. If a Contractor is not an Owner,then the Owner shall incorporate the requirements of this Article III into a written construction contract with the Contractor. All contracts with such non-Owner Contractors shall provide that the City is a third-party beneficiary of, and may enforce,the contracts against the Contractor. 3.09 Access by City Employees. Upon prior Notice by the City, any duly authorized employee of the City bearing proper credentials and identification shall be granted access to any property within the Development as the City may determine necessary for the purpose of inspection and testing of Infrastructure. 3.10 As-Built Drawings. Owner and Contractor shall deliver mylar as-built drawings for all Infrastructure to the City Inspector within 30 days after final inspection. Development Agreement Page 28 ARTICLE IV DEVELOPMENT FEES 4.01 Review Fees. (a) City Review Fees. Subdivision of the Development and review of construction plans for Infrastructure will be subject to the payment of City Review Fees. City Review Fees shall not exceed the same or similar fees charged for development in other parts of the City's corporate limits or ETJ. (b) County Review Fees. County Review Fees will be applied to the areas as identified in Section 3.07(b). All floodplain, flood control structures and connections to County Roads will be reviewed by the Denton County Department of Public Works. The fees will be in accordance with the County Subdivision Rules and Regulations. 4.02 Infrastructure Inspection Fees. (a) City Infrastructure Inspection Fees. If the City elects to perform Infrastructure inspections in accordance with Section 3.06 of this Agreement, such inspections shall be subject to the payment of Infrastructure Inspection Fees. (b) County Infrastructure Inspection Fees. County inspection of floodplain, flood control structures, and connections to County Roads be subject to Denton County Infrastructure Inspection Fees as called out in the County Subdivision Rules and Regulations. 4.03 Other Development Fees. Development of land within the Development may be subject to fees and charges that are in addition to the City Review Fees and, if applicable under Section 3.06, Infrastructure Inspection Fees. Such additional fees and charges may include, but are not limited to, impact fees and other fees necessitated by and attributable to the Development. The failure of this Agreement to address or identify such additional fees and charges does not constitute a waiver of such fees and charges. ARTICLE V ANNEXATION 5.01 Continuation of ETJ Status. Except as provided in Sections 5.03 and 5.04 of this Agreement, the Development shall remain in the City's ETJ during the term of this Agreement, and the City guarantees the continuation of the ETJ status of the Development during such term. 5.02 Immunily from Annexation. Except as provided in Sections 5.03 and 5.04 of this Agreement, the Development shall be immune from annexation during the term of this Agreement, and the City guarantees immunity from annexation during such time. 5.03 Full Purpose Annexation. During the term of this Agreement, the City shall have the right,but not the obligation, to full-purpose annex all of the Development (or a portion of the Development to the extent permitted by law) on or after the earlier to occur of. (i) the date that construction of water, sanitary sewer, drainage and road facilities to serve 90% of the Development Agreement Page 29 Development is complete; or (ii) the dissolution of the District (other than as the result of annexation by the City). Further, the City may annex all or part of the Development at any time after termination of this Agreement in accordance with Article VI. 5.04 Limited Puroose Annexation. Owner agrees that the City shall have the right to annex those portions of the Development that are intended for retail development for the sole and limited purpose for the City to impose its sales and use tax within the boundaries of such retail areas pursuant to Section 43.0751 of the Local Government Code. The terms and conditions upon which such limited purpose annexations may occur are contained in the Strategic Partnership Agreement. 5.05 Incorporation. In furtherance of the purposes of this Agreement, Owner, on behalf of itself and its successors and Assignees, covenants and agrees to the extent allowed by law that, except upon written consent of the City Council, which approval may be withheld or conditioned by the City Council at its sole discretion, they will not: (i) seek or support any effort to incorporate the Development, or any part thereof; or (ii) sign,join in, associate with, or direct to be signed any petition seeking to incorporate any of the Development or to include any of the Development within the boundaries of any other incorporated entity. 5.06 Annexation of Portions of Development. Owner agrees to cooperate with and assist the City in annexing one or more areas in the manner prescribed by law which does not result in the dissolution of the District, each of which may not exceed 525 feet in width at its widest point or such other width limitation subsequently imposed by law, as reasonably necessary for the City to connect areas to the City that are outside the District and that the City intends to annex. Notwithstanding the zoning designation approved for the annexed area, such area can be developed and used in accordance with this Agreement. ARTICLE VI TERM OF AGREEMENT This Agreement is a development agreement authorized by Section 212.172 of the Local Government Code. This Agreement will terminate on the earlier to occur of: (i) fifteen (15) years from the Effective Date; or (ii) full purpose annexation of the Development pursuant to Section 5.03. Further, if creation of the District has not been confirmed at an election conducted on or before November 30, 2006, this Agreement may be terminated by providing Notice to Owner. The term of this Agreement shall not be affected by the annexations permitted by Section 5.06 of this Agreement or by the limited purpose annexation of any commercial property pursuant to the Strategic Partnership Agreement. ARTICLE VII DEDICATION OF PROPERTY FOR CITY FACILITY 7.01 Site Reservation. Owner agrees to reserve Tract 4 on the preliminary plat for the Development for exclusive use for a City Facility (the "City Facility Site"). Until the City Development Agreement Page 30 Facility Site is conveyed to the City pursuant to Section 7.02, Owner shall have the right to use the City Facility Site (a) for public or private park or public or private open space purposes (including, but not limited to, hike and bike trails, park benches, landscaping, fountains, sports fields, playgrounds and playground equipment, and paved parking areas and (b) for any other purposes with the prior written consent of the City. After conveyance of the City Facility Site to the City pursuant to Section 7.02, Owner may landscape, irrigate, mow, and maintain the City Facility Site and, with the City's written consent, continue to use the City Facility Site for the foregoing purposes. Owner agrees to mow the City Facility Site and to maintain the City Facility Site, and all improvements constructed or located thereon, in good condition at all times until the City Facility Site is conveyed to the City pursuant to Section 7.02 and thereafter while Owner continues to use the City Facility Site with the City's consent. Owner shall cause all such improvements to be removed at Owner's cost within sixty(60) days after termination of Owner's right to use the City Facility Site in accordance with this Section 7.01. 7.02 Conveyance to City. Owner agrees to convey or cause to be conveyed to the City the City Facility Site by special warranty deed (lien free but otherwise subject to all matters of record that do not materially adversely affect the use of the property) within ninety (90) days after receipt of the City's written request. The City may obtain a survey of the City Facility Site and title insurance at the City's expense. The conveyance documents shall reserve to Owner the right to approve building elevations and exterior construction materials for the City Facility to be constructed on the City Facility Site (which elevations and materials shall be compatible with the elevations and materials of other commercial development within the Development and which approval by Owner shall not be unreasonably withheld or delayed). 7.03 Reverter. The conveyance shall be subject to an automatic reverter of title in favor of the Owner unless prior to the 22nd anniversary of the Effective Date of this Agreement, the City has awarded a contract to construct a City Facility on the City Facility Site, in which case Owner's possibility of reverter shall automatically terminate as of the date on which the City awards the construction contract and regardless of when construction of the City Facility actually commences. This Article VII shall survive the expiration or early termination of this Agreement. ARTICLE VIII BREACH,NOTICE AND REMEDIES 8.01 Notification of Breach. If a Party commits a breach of this Agreement, the non- breaching Party shall give Notice to the breaching Party that describes the breach in reasonable detail. 8.02 Cure of Breach. The breaching Party shall commence curing such breach within fourteen (14) calendar days after receipt of such Notice and shall complete the cure within fourteen (14) calendar days from the date of commencement of the cure; however, if the breach is not reasonably susceptible to cure by the breaching Party within such fourteen(14) day period, the non-breaching Party shall not bring any action so long as the breaching Party has commenced to cure the default within such fourteen (14) day period and diligently completes the work within a reasonable time (not to exceed an additional thirty(30) days)without unreasonable cessation of the work. Development Agreement Page 31 8.03 Remedies for Breach. If the breaching Party does not substantially cure such breach within the stated period of time, the non-breaching Party may, in its sole discretion, and without prejudice to any other right under this Agreement, law, or equity, seek any relief available at law or in equity, including, but not limited to, an action under the Uniform Declaratory Judgment Act, specific performance, mandamus and injunctive relief; provided, however, that the non-breaching Party shall not be entitled to monetary damages or to terminate this Agreement, and each Party specifically waives any right such Party has or in the future may have to terminate this Agreement (except for the right of the City to terminate as provided in Article VI of this Agreement). It is understood and agreed that no Party will seek or recover actual, consequential or any other type of monetary damages or awards, including but not limited to attorney's fees, in the event that any Party brings suit under or related to this Agreement. Moreover, Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, are jointly and severally liable for the obligations of Owner when it is a breaching Party under this Agreement, and the City may pursue its remedies for breach against any one or more of them. 8.04 Governmental Powers; Waiver of Immunity. It is understood that by execution of this Agreement the City does not waive or surrender any of its governmental powers, immunities or rights, except as specifically waived pursuant to this Section 8.04. The City waives its governmental immunity from suit and liability only as to any action brought by a Party to pursue the remedies available under this Agreement and only to the extent necessary to pursue such remedies. Nothing in this Section 8.04 shall waive any claims, defenses or immunities that the City has with respect to suits against the City by persons or entities not a party to this Agreement. ARTICLE IX ADDITIONAL PROVISIONS 9.01 Notice. Any notices, certifications, approvals, or other communications required to be given by one Party to another under this Agreement (a "Notice") shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (i) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (ii) when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (iii) when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; and(iv) five business days after the Notice is sent by FAX (with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday,the applicable period for calculating the notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this Section 9.01. Development Agreement Page 32 To the City: City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Texas 76102 Attn: City Manager FAX: (817) 392-6134 City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Texas 76102 Attn: Development Director FAX: (817) 392-7985 To Owner: Aperion Communities, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Atte: Gary Lane FAX: (480) 951-8414 Eladio Properties, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 951-8414 Drooy Properties, LLLP 7835 East Redfield Road, Suite 100 Scottsdale,Arizona 85260 Attn: Gary Lane FAX: (480)951-8414 9.02 Assignment. (a) By Owner to the District. Owner has the right(from time to time after the District Confirmation Date and without the consent of the City) to assign to the District those portions of this Agreement concerning the provision of retail water and/or wastewater service to the Development and any Infrastructure related thereto, including any obligation, right, title, or interest of Owner under this Agreement. Each assignment shall be in writing in the form attached hereto as Exhibit G, shall be executed by Owner and the District and shall obligate the District to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. Owner shall provide a copy of each assignment to all Parties within 15 days after execution. From and after such assignment, the City agrees to look solely to the District for the performance of all obligations assigned to the District and agrees that Owner shall be released from subsequently performing the assigned Development Agreement Page 33 obligations and from any liability that results from the District's failure to perform the assigned obligations; provided, however, if a copy of the assignment is not received by the City within 15 days after execution, Owner shall not be released until the City receives such assignment. No assignment by Owner shall release Owner from any liability resulting from an act or omission by Owner that occurred prior to the effective date of the assignment unless the City approves the release in writing. Owner shall maintain written records of all assignments made by Owner to the District, including a copy of each executed assignment, and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. The District shall be considered an"Assignee"for purposes of this Agreement. (b) By Owner to Successor Owners. Owner has the right (from time to time without the consent of the City, but upon written Notice to the City) to assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of Owner under this Agreement, to an Assignee that is an owner of any portion of the Development or will become an owner of any portion of the Development within 15 days after the assignment (an "Assignee'). Each assignment shall be in writing in the form attached hereto as Exhibit G, shall be executed by Owner and the Assignee and shall obligate the Assignee to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. Owner shall provide a copy of each assignment to all Parties within 15 days after execution. From and after such assignment, the City agrees to look solely to the Assignee for the performance of all obligations assigned to the Assignee and agrees that Owner shall be released from subsequently performing the assigned obligations and from any liability that results from the Assignee's failure to perform the assigned obligations; provided, however, if a copy of the assignment is not received by the City within 15 days after execution, Owner shall not be released until the City receives such assignment. No assignment by Owner shall release Owner from any liability resulting from an act or omission by Owner that occurred prior to the effective date of the assignment unless the City approves the release in writing. Owner shall maintain written records of all assignments made by Owner to Assignees, including a copy of each executed assignment and the Assignee's Notice information as required by this Agreement, and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. (c) By Owner to Non-Owners. Subject to the City's prior written approval, Owner has the right, from time to time, to assign this Agreement, in whole or in part, and including any obligation, right,title, or interest of Owner under this Agreement,to any person or entity that is not an owner of any portion of the Development(a "Non-Owner Assignee'). Each assignment shall be in writing executed by Owner and the Non-Owner Assignee in the form attached hereto as Exhibit G and shall obligate the Non-Owner Assignee to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. A copy of each assignment shall be provided to all Parties within 15 days after execution. If the City approves the Non-Owner Assignee in writing (which approval shall not be unreasonably withheld or delayed if the Non-Owner Assignee can demonstrate, to the reasonable satisfaction of the City, that the Non-Owner Assignee has the financial ability to perform the assigned obligations), then the City agrees to look solely to the Non-Owner Assignee for the performance of all obligations assigned to the Non-Owner Assignee and agrees that Owner shall be released from subsequently performing the assigned obligations and from any liability that results from the Non-Owner Assignee's failure to perform the assigned Development Agreement Page 34 obligations. If the City fails or refuses to approve the Non-Owner Assignee, the assignment shall nevertheless be effective; however, the Owner shall continue to be responsible, jointly and severally, with the Non-Owner Assignee for the performance of all obligations assigned. No assignment by Owner shall release Owner from any liability resulting from an act or omission by Owner that occurred prior to the effective date of the assignment unless the City approves the release in writing. Owner shall maintain written records of all assignments made by Owner to Non-Owner Assignees, including a copy of each executed assignment and the Non-Owner Assignee's Notice information as required by this Agreement, and, upon written request from any Party or Non-Owner Assignee, shall provide a copy of such records to the requesting person or entity. (d) By the City. The City shall not assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of the City under this Agreement, to any person, entity, or political subdivision without the prior written approval of Owner, which approval shall not be unreasonably withheld or delayed. 9.03 Encumbrance by Owner and Assignees. Owner and Assignees have the right, from time to time, to collaterally assign, pledge, grant a lien or security interest in, or otherwise encumber any of their respective rights, title, or interest under this Agreement for the benefit of their respective Lenders without the consent of, but with prompt written Notice to, the City. The collateral assignment, pledge, grant of lien or security interest, or other encumbrance shall not, however, obligate any Lender to perform any obligations or incur any liability under this Agreement: (a) unless the Lender agrees in writing to perform such obligations or incur such liability; or (b)unless the Lender becomes an Assignee pursuant to this Section 9.03. A Lender becomes an Assignee with respect to any portion of the Development only when: (a) the Lender holds fee simple title to such portion of the Development for more than one year; or(b)holds fee simple title to such portion of the Development and takes any action to develop such portion of the Development (excluding action ordinarily and customarily taken by lenders to protect the value of unimproved land and to prepare such unimproved land for sale to prospective purchasers). Notwithstanding the foregoing, however, this Agreement shall continue to bind the Development and shall survive any transfer, conveyance, or assignment occasioned by the exercise of foreclosure or other rights by a Lender, whether judicial or non judicial. Any purchaser from or successor owner through a Lender of any portion of the Development shall be bound by this Agreement and shall not be entitled to the rights and benefits of this Agreement with respect to the acquired portion of the Development until all defaults under this Agreement with respect to the acquired portion of the Development have been cured. 9.04 Recordation and Applicability to Lot Owners. Pursuant to the requirements of Section 212.172(c) of the Local Government Code, Owner shall record this Agreement, and all amendments to this Agreement, in the Real Property Records of Denton County, Texas, and shall provide a file-marked copy of the recorded Agreement to the Development Director within ten (10) days after its execution. This Agreement shall be binding upon the Development, the City, Owner, any Lender that has become an Assignee, and any other Assignee, and their respective successors and assigns, Builders in accordance with Section 2.21 and Contractors in accordance with Section 3.08 for the term of this Agreement. The Parties agree that this Agreement benefits and burdens the Development and touches and concerns the Development. The rights and obligations under this Agreement are intended to be covenants Development Agreement Page 35 running with the Development. Notwithstanding the foregoing, this Agreement is not binding upon, and shall not constitute any encumbrance to title as to any Lot Owner except as follows: during the term of this Agreement, each Lot Owner is bound by the following: (i) the applicable definitions contained in Article I of this Agreement; (ii) the Subdivision Regulations; (iii) the Gas Drilling Ordinance; (iv) the Building Codes; (vi) Articles II, IV, V, VI, and VII of this Agreement; and(v) Sections 9.01, 9.04, 9.07 and 9.09 of this Agreement. 9.05 No Waiver. Any failure by a Parry to insist upon strict performance by the other Parry of any material provision of this Agreement shall not be deemed a waiver thereof, and the Parry shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Parry waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Parry hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 9.06 Reservation of Rights and Claims. This Agreement constitutes a "permit" as defined in Chapter 245, Texas Local Government Code, as amended, that is deemed filed with the City on the Effective Date. Except as expressly provided in this Agreement, Owner does not, by entering into this Agreement, waive any rights arising under Chapter 245, as amended, or under Chapter 43 of the Local Government Code, as amended, or under any other provision of law. 9.07 Governing Law and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS, AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY, TEXAS, AND HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 9.08 Performance Requirements; Force Majeure. Time is of the essence in the performance by the Parties of their respective obligations under this Agreement. Whenever performance is required, the Parry must use good faith and due diligence to perform and take all necessary measures to perform, but if completion of performance is delayed by reason of acts of God, civil commotion, terrorism, strikes, picketing, casualty, or other similar matter beyond the reasonable control of the Parry, then the time for performance will be appropriately extended by the amount of delay so caused, and the Party so delayed shall resume full performance at the earliest possible time. 9.09 Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement Development Agreement Page 36 with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties evidenced by the provision so severed. 9.10 Changes in State or Federal Laws. If any state or federal law changes so as to make it impossible for a Party to perform its obligations under this Agreement, the Parties will cooperate to amend this Agreement in such a manner that is most consistent with the original intent of this Agreement as legally possible. 9.11 Additional Documents and Acts. The Parties agree that at any time after execution of this Agreement,they will, upon request of the other Party, execute and/or exchange any other documents necessary to effectuate the terms of this Agreement and perform any further acts or things as the other Party may reasonably request to effectuate the terms of this Agreement. Without limiting the foregoing, the Parties agree to substitute one or more revised Exhibit Ds following approval of a final plat for all or any portion of the Development and to substitute Exhibit C and Exhibit D if the Development Plan is amended pursuant to Section 2.12. 9.12 Captions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement. 9.13 Amendment. This Agreement may be amended only with the written consent of the Parties and with the approval of the City Council,except as expressly permitted herein. 9.14 Interpretation. The Parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 9.15 No Third Party Beneficiaries. This Agreement is solely for the benefit of the City and Owner, and neither the City nor Owner intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit or enforceable rights under this Agreement or otherwise upon anyone other than the City and Owner. Notwithstanding the foregoing, the City and Owner intend that the District shall be a third-party beneficiary of this Agreement. 9.16 Authority to Execute. The City warrants that this Agreement has been approved by the City Council in accordance with all applicable public meeting and public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the City has been authorized to do so. Each Owner warrants that the execution of this Agreement is duly authorized in conformity with the articles of incorporation, bylaws, partnership agreement or other applicable Development Agreement Page 37 organizational documents of each Owner and that the individual executing this Agreement on behalf of such Owner has been authorized to do so. Each Assignee or Lender who becomes a Party to this Agreement represents and warrants that this Agreement has been approved by appropriate action of such Assignee or Lender and that the individual executing this Agreement on behalf of such Assignee or Lender has been authorized to do so. 9.17 Exhibits. All exhibits attached to this Agreement are incorporated as part of this Agreement for the purposes set forth herein, as follows: Exhibit A Map of Tradition Exhibit B Legal description of the Development Exhibit C Development Plan for the Development Exhibit D Legal descriptions of 14 tracts shown on Development Plan Exhibit E Special Regulations Exhibit F Table of Permitted Uses Exhibit G Assignment and Assumption Agreement 9.18 Takings Impact Assessment. Owner expressly and unconditionally waives and releases the City from any obligation to perform a takings impact assessment under the Texas Private Real Property Rights Act, Texas Government Code Chapter 2007, as it may apply to this Agreement or the Development. 9.19 Conspicuous Provisions. The Parties acknowledge that the provisions of this Agreement set out in bold, CAPITALS (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 9.20 Counterpart Originals. This Agreement may be executed in counterparts, each of which shall be deemed to be an original. ATTEST: CITY OF FORT WORTH By: Marty Hendrix, City Secretary Marc Ott,Assistant City Manager Date: APPROVED AS TO FORM AND LEGALITY: Assistant City Attorney Development Agreement Page 38 APERION COMMUNITIES, LLLP, an Arizona limited liability limited partnership. By: David P. Maniatis, General Partner Date: ELADIO PROPERTIES, LLLP, an Arizona limited liability limited partnership. By: David P. Maniatis, General Partner Date: DROOY PROPERTIES,LLLP, an Arizona limited liability limited partnership. By: David P. Maniatis, General Partner Date: APPROVED BY DENTON COUNTY COMMISSIONERS COURT By: Title: h Date: Development Agreement Page 39 STATE OF TEXAS § COUNTY OF T § This instrume acknowledged before me, on the_day of , 2005, by Marc Ott, Assistari Manager of the City of Fort Worth, Texas on behalf of said City. Notary Public, State of Texas Printed Name: My Commission Expires: STATE OF § COUNTY OF § This instrument was acknowledged before me on 2005, by David P. Maniatis, General Partner for Aperion Communities, LLLP, an Arizona limited liability limited partnership, on beHalf of said limited partnership. Notary Public in and for the State of Printed Name: My Commission Expires: Development Agreement Page 40 STATE OF § COUNTY OF § This instrument was acknowledged before me on _, 2005, by David P. Maniatis, General Partner for Eladio Properties, LLLP, an Arizona limited liability limited partnership, on behalf of said limited partnership. Notary Public in and for the State of Printed Name: My Commission Expires: STATE OF § COUNTY OF § This instrument was acknowledged before me on 2005, by David P. Maniatis, General Partner for DROOY Properties, LLLP, an Arizona limited liability limited partnership, on behalf of said limited partnership. Notary Public in and for the State of Printed Name: My Commission Expires: Development Agreement Page 41 STATE OF TEXAS § COUNTY OF DENTON § This instrOnent was acknowledged before me, on the,day of ,2005, by of Denton County, Texas, on behalf of said County. Notary Public, State of Texas Printed Name: My Commission Expires: Development Agreement Page 42 Exhibit A Depiction of the Development and Tradition Exhibit A to Development Agreement Page 1 F.Z- e. 1 s - ul 7�7- m. : r . . 7.1 , rq x , ' o , _ OL .a n _ • : i : u , -� AT r Ftp , t , �^ u r T .. { �rw N Exhibit B Legal Description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: TRACT ONE BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N 00°32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89039'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N 00°22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86°14'27" E, a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52°34'22"E, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44°08'03"E, a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65°58'36" E, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90°00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; THENCE S 00007'20" E along the east line of said Aperion Tract One-A and the west line of Exhibit B to Development Agreement Page 1 said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE S 44123'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; I Et4CE N 47°15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44°2742" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison,Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No. 114; THENCE S 89047'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No. 114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84030'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No. 114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89°48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No. 114,a distance of 1249.97 feet to a capped 1/2"iron pin set; THENCE N 0091'12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No. 114,a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 8904848" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No. 114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S 00°11'12" E along the south line of said Aperion Tract One-A and the north right-of- way line of State Highway No. 114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89048'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No. 114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land,more or less. Exhibit B to Development Agreement Page 2 TRACT 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89°46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No. 114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86°29'44" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No. 114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44°26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S 00007'09" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit B to Development Agreement 1 i.] is a„„am�u Page 3 CS 2�R,2Y Exhibit C Development Plan I Exhibit C to M Page 1 Development Agreement P.Y ulyl L v moil g � R"csa .a•a�oe Eg .se.to.00s • �oz.ea oa . W g 1 11 a e A um g� a LU r GWOE z U) zv v ffff � i q AVMxwdAIWWMW Q Cb IK IRA Iles N 1K _ Q 1_1K �¢ Q o �f Exhibit D Legal Description of 14 Tracts Tract 1 BEING a 12.245 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), and being more particularly described as follows: BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 534.24 feet to a point; THENCE N 89E27'24"E,a distance of 337.96 feet to a point; THENCE N OOE32'36" W,a distance of 409.30 feet to a point; THENCE N 88E27'04" E, a distance of 110.71 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 400.00 feet, a central angle of 26E50'42" and being subtended by a chord which bears S 78EO7'35" E, 185.70 feet; THENCE along said curve to the right, a distance of 187.41 feet to a point; THENCE S 64E42'14" E tangent to said curve, a distance of 147.91 feet to a point, said point also being the Point of Curvature of a non-tangent circular curve to the left having a radius of 1255.00 feet, a central angle of 15E55'19" and being subtended by a chord which bears S 07E25'03" W, 347.63 feet; THENCE along said curve to the left, a distance of 348.75 feet to a point; THENCE S OOE32'36" E tangent to said curve, a distance of 501.25 feet to a point, said point also being on the said proposed north right-of-way line of State Highway No.114; THENCE S 89E48'48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 226.72 feet to a capped 1/2" iron pin set; THENCE N OOE11'12" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the said proposed north right-of-way line of State Highway No. 114 , a distance of 250.00 feet to a capped 1/2" iron pin set; Exhibit D to Development Agreement Page 1 THENCE S OOE11'12" E along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2"iron pin set; THENCE S 89E49'48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 533,394 square feet or 12.245 acres of land,more or less. Tract 2 BEING a 11.302 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 534.24 feet to the Point of Beginning of the herein described tract; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 745.61 feet to a point; THENCE N 89E2724"E,a distance of 58.46 feet to a point; THENCE N 60E49'43" E,a distance of 68.36 feet to a point; THENCE N 89E2724" E, a distance of 217.00 feet to a point; THENCE N OOE32'36" W, a distance of 135.00 feet to a point; THENCE N 89E27'24" E, a distance of 32.60 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 470.00 feet, a central angle of 34E06'03" and being subtended by a chord which bears S 73E29'35" E,275.62 feet; THENCE along said curve to the right, a distance of 279.73 feet to a point; THENCE S 56E26'33" E tangent to said curve, a distance of 341.40 feet to a point, said point also being the Point of Curvature of a non-tangent circular curve to the left having a radius of 1255.00 feet, a central angle of 16E48'33" and being subtended by a chord which bears S 23E46'59" W, 366.87 feet; Exhibit D to Development Agreement Page 2 THENCE along said curve to the left, a distance of 368.19 feet to a point; THENCE N 64E42'14" W, a distance of 147.91 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 400.00 feet, a central angle of 26E50'42" and being subtended by a chord which bears N 78E07'35" W, 185.70feet; THENCE along said curve to the left, a distance of 187.41 feet to a point; THENCE S 88E27'04" W tangent to said curve, a distance of 110.71 feet to a point; THENCE S OOE32'36" E, a distance of 409.30 feet to a point; THENCE S 89E2724" W, a distance of 337.96 feet to the Point of Beginning and containing 492,326 square feet or 11.302 acres of land,more or less. Tract 3 BEING a 30.414 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 238.28 feet to a capped 1/2" iron pin set; THENCE N OOE1112" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/21' iron pin set; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOE11'12" E along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 226.72 feet to the Point of Beginning of the herein described tract; THENCE N OOE32'36" W departing the said proposed north right-of-way line of State Highway No.114, a distance of 501.25 feet to a point, said point also being the Point of Curvature of a Exhibit D to Development Agreement Page 3 circular curve to the right having a radius of 1255.00 feet, a central angle of 44E41'36" and being subtended by a chord which bears N 21E48'l2" E , 954.33 feet; T MNCE along said curve to the right, a distance of 978.96 feet to a point; THENCE N 44E09'00" E tangent to said curve, a distance of 440.50 feet to a point; THENCE S 45E5 POO" E, a distance of 173.53 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 122.50 feet, a central angle of 44E35'59" and being subtended by a chord which bears S 68E08'59" E, 92.97feet; THENCE along said curve to the left, a distance of 95.36 feet to a point; THENCE N 89E33'01" E tangent to said curve, a distance of 276.39 feet to a point; THENCE S OOE26`59"E,a distance of 768.50 feet to a point; THENCE S 89E33'O1" W,a distance of 208.99 feet to a point; THENCE N 42E37'00" W, a distance of 35.75 feet to a point; THENCE S 89E33'01" W, a distance of 92.01 feet to a point; THENCE S OOE26'59" E, a distance of 476.50 feet to a point; THENCE S 89E33'01" W, a distance of 140.19 feet to a point; THENCE S OOE24'36" E,a distance of 50.00 feet to a point; THENCE S 89E33'01" W, a distance of 60.58 feet to a point; THENCE S OOE32`36" E, a distance of 275.42 feet to a point, said point also being on the proposed north right-of-way line of State Highway No. 114; THENCE S 89E48`48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 630.48 feet to the Point of Beginning and containing 1,324,829 square feet or 30.414 acres of land, more or less. Tract 4 BEING a 4.207 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B)and being more particularly described as follows: Exhibit D to Development Agreement Page 4 COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 1692.60 feet to a point; THENCE N 89E27'24" E departing the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 1387.64 feet to the Point of Beginning of the herein described tract; THENCE N 44E09'00" E, a distance of 692.11 feet to a point; THENCE S OOE26'59" E, a distance of 649.92 feet to a point; THENCE S 89E33'01" W, a distance of 276.39 feet to a point; said point also being the Point of Curvature of a circular curve to the right having a radius of 122.50 feet, a central angle of 44E35'59" and being subtended by a chord which bears N 68EO8'59" W, 92.97 feet; THENCE along said curve to the right, a distance of 95.36 feet to a point; THENCE N 45E51'00" W tangent to said curve, a distance of 173.53 feet to the Point of Beginning and containing 183,265 square feet or 4.207 acres of land,more or less. Tract 5 BEING a 18.269 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 23 8.2 8 feet to a capped 1/2"iron pin set; THENCE N OOE11'l2" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2"iron pin set; THENCE N 89E4848" E along the said proposed north right-of-way line of State Highway No.114 , a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOEI1'12" E along the said proposed north right-of-way line of State Highway Exhibit D to Development Agreement Page 5 No.114,a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E4848" E along the said proposed north right-of-way line of State Highway No.114,a distance of 226.72 feet to a point; THENCE N OOE32'36" W departing the said proposed north right-of-way line of State Highway No.114, a distance of 501.25 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 1255.00 feet, a central angle of 32E43'52" and being subtended by a chord which bears N 15E49'20" E , 707.23 feet; THENCE along said curve to the right, a distance of 716.94 feet to the Point of Beginning of the herein described tract; THENCE N 56E26'33" W, a distance of 341.40 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 470.00 feet, a central angle of 34E06'03" and being subtended by a chord which bears N 73E29'35"W,275.62 feet; THENCE along said curve to the left, a distance of 279.73 feet to a point; THENCE S 89E2724" W tangent to said curve, a distance of 32.60 feet to a point; THENCE N OOE32'36" W, a distance of 537.12 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 668.00 feet, a central angle of 45E28'14" and being subtended by a chord which bears N 22EI 1'31" E, 516.33 feet; THENCE along said curve to the right, a distance of 530.13 feet to a point; THENCE N 43E51'21" E, a distance of 53.48 feet to a point; THENCE S 45E51'00" E,a distance of 1146.77 feet to a point; THENCE S 44E09'00" W, a distance of 440.50 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 1255.00 feet, a central angle of I IE57'44" and being subtended by a chord which bears S 38E10'08" W, 261.54 feet; THENCE along said curve to the left, a distance of 262.02 feet to the Point of Beginning and containing 795,805 square feet or 18.269 acres of land,more or less. Tract 6 BEING a 20.871 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north Exhibit D to Development Agreement Page 6 right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 1279.85 feet to the Point of Beginning of the herein described tract; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 2122.47 feet to a point; THENCE S 67E393I" E, a distance of 130.13 feet to a point; THENCE S 45E05'09"E, a distance of 646.65 feet to a point; THENCE N 44E55'38" E, a distance of 160.00 feet to a point; THENCE S 45E04'22" E, a distance of 278.50 feet to a point; THENCE S 44E48'36" W, a distance of 488.90 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 668.00 feet, a central angle of 45E28'14" and being subtended by a chord which bears S 22E11'31" W, 516.33 feet; THENCE along said curve to the left, a distance of 530.13 feet to a point; THENCE S OOE3236" E tangent to said curve, a distance of 672.12 feet to a point; THENCE S 89E27'24" W,a distance of 217.00 feet to a point; THENCE S 60E49'43" W, a distance of 68.36 feet to a point; THENCE S 89E27'24" W, a distance of 58.46 feet to the Point of Beginning and containing 909,134 square feet or 20.871 acres of land,more or less. Tract 7 BEING a 17.770 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County,Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; Exhibit D to Development Agreement Page 7 THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 1692.60 feet to a point; THENCE N 89E27'24" E departing the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 1387.64 feet to the Point of Beginning of the herein described tract; THENCE N 45E51'00" W,a distance of 1146.77 feet to a point; THENCE N 44E5538" E, a distance of 677.98 feet to a point; THENCE S 45E49'44" E, a distance of 1137.58 feet to a point; THENCE S 44E09'00" W, a distance of 677.50 feet to the Point of Beginning and containing 774,062 square feet or 17.770 acres of land,more or less. Tract 8 BEING a 36.870 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 3402.32 feet to the Point of Beginning of the herein described tract; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 298.92 feet to a 1/2" iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and a south line of said McIntyre tract, a distance of 1876.89 feet to a point; THENCE S OOE26'59" E,a distance of 1509.76 feet to a point; THENCE S 44E09'00" W, a distance of 14.61 feet to a point; THENCE N 45E49'44" W, a distance of 1137.58 feet to a point; Exhibit D to Development Agreement Page 8 THENCE S 44E55'3 8" W,a distance of 242.56 feet to a point; THENCE N 45E0472" W, a distance of 278.50 feet to a point; THENCE S 44E55'38" W,a distance of 160.00 feet to a point; THENCE N 45E05'09" W, a distance of 646.65 feet to a point; THENCE N 67E39'31" W, a distance of 130.13 feet to the Point of Beginning and containing 1,606,055 square feet or 36.870 acres of land,more or less. Tract 9 BEING a 15.160 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Nancy Talley Reynolds, et al,by deed recorded in Volume 2301, Page 223 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B)and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 RPRDCT, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 2184.61 feet to a point; THENCE N 89E27'24" E departing the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 1874.41 feet to the Point of Beginning of the herein described tract; THENCE N OOE26'59" W, a distance of 1355.71 feet to a point, said point also being the Point of Curvature of a non-tangent circular curve to the right having a radius of 720.00 feet, a central angle of 4E05'21" and being subtended by a chord which bears N 87E34'36" E, 51.37 feet; THENCE along said curve to the right, a distance of 51.39 feet to a point; THENCE N 89E37'16" E tangent to said curve, a distance of 685.93 feet to a point, said point also being the Point of Curvature of a non-tangent circular curve to the right having a radius of 1800.00 feet, a central angle of 40E1911" and being subtended by a chord which bears S 23E59'25" W, 1240.70 feet; THENCE along said curve to the right,a distance of 1266.68 feet to a point; Exhibit D to Development Agreement Page 9 THENCE S 44E09'00" W tangent to said curve, a distance of 318.95 feet to the Point of Beginning and containing 660,385 square feet or 15.160 acres of land,more or less. Tract 10 BEING a 23.220 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 of the Real Properly Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B)and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 RPRDCT, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 3701.24 feet; THENCE N 89E39'48" E along the north line of said Alliance 161 Investments tract and a south line of said McIntyre tract, a distance of 1826.89 feet to the Point of Beginning of the herein described tract; THENCE N OOE22'44" W,a distance of 1294.80 feet to a point; THENCE S 86E14'27"E, a distance of 222.13 feet to a point; THENCE S 52E34'22" E, a distance of 797.46 feet to a point, said point also being the Point of Curvature of a non-tangent circular curve to the left having a radius of 1565.00 feet, a central angle of 15E36'58" and being subtended by a chord which bears S 07E32'15" W,425.23 feet; THENCE along said curve to the left,a distance of 426.55 feet to a point; THENCE S OOE16'14" E tangent to said curve, a distance of 392.30 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 1800.00 feet, a central angle of 4E06'03" and being subtended by a chord which bears S 01134648" W, 128.81 feet; THENCE along said curve to the right, a distance of 128.84 feet to a point; THENCE S 89133Tl6" W, a distance of 685.93 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 720.00 feet, a central angle of 41305'21" and being subtended by a chord which bears S 87E34'36"W, 51.37 feet; THENCE along said curve to the left, a distance of 51.39 feet; Exhibit D to Development Agreement Page 10 � 'l� K QY THENCE N OOE26'59" W, a distance of 154.05 feet to a point; THENCE S 89E39'59" W, a distance of 50.00 feet to the Point of Beginning and containing 1,011,458 square feet or 23.220 acres of land,more or less. Tract I 1 BEING a 60.972 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Nancy Talley Reynolds, et al,by deed recorded in Volume 2301,Page 223 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B)and being more particularly described as follows: COMvIENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 RPRDCT, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; TIENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 2484.76 feet to a point; THENCE N 89E27'24" E departing the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 2167.41 feet to the Point of Beginning of the herein described tract, said Point of Beginning also being the Point of Curvature of a circular curve to the left having a radius of 1800.00 feet, a central angle of 41E13'12" and being subtended by a chord which bears N 20E20'22" E, 1267.22 feet; THENCE along said curve to the left,a distance of 1294.97 feet to a point; THENCE N OOE16'14" W tangent to said curve, a distance of 392.30 feet to a point,said point also being the Point of Curvature of a circular curve to the right having a radius of 1565.00 feet,. a central angle of 15E36'58" and being subtended by a chord which bears N 07E32'15"E, 425.23 feet; THENCE along said curve to the right, a distance of 426.55 feet to a point; THENCE S 52E3422" E, a distance of 70.40 feet to a point; THENCE S 44E08'03"E, a distance of 999.82 feet to a point; THENCE S 65E58'36" E, a distance of 455.31 feet to a point; THENCE S 44E23'02" W, a distance of 1146.43 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 222.50 feet, a central angle of Exhibit D to Development Agreement Page I I 7E3519" and being subtended by a chord which bears S 40E35'22" W,29.45 feet; THENCE along said curve to the left, a distance of 29.47 feet to a point; THENCE S 45E32'18" E, a distance of 560.55 feet to a point; THENCE S 44E23'02" W, a distance of 147.72 feet to a point; THENCE S 45E36'58" E, a distance of 165.03 feet to a point; THENCE N 44E27'42" E, a distance of 608.50 feet to a point, THENCE S 45E32'1 8" E, a distance of 964.15 feet to a point; THENCE S 44E23'02" W, a distance of 607.74 feet to a point; THENCE N 45E36'58" W, a distance of 562.54 feet to a point; THENCE S 44E27'42" W, a distance of 157.50 feet to a point; THENCE N 45E32'18" W, a distance of 402.44 feet to a point; THENCE S 44E27'42" W, a distance of 152.50 feet to a point; THENCE N 45E32-18" W,a distance of 107.50 feet to a point; THENCE S 44E27'42" W, a distance of 285.00 feet to a point; THENCE N 45E32'18" W, a distance of 1068.41 feet to the Point of Beginning and containing 2,655,946 square feet or 60.972 acres of land, more or less. Tract 12 BEING a 49.290 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301,Page 223 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 200411913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B)and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 RPRDCT, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a Exhibit D to Development Agreement Page 12 distance of 1822.30 feet to a point; THENCE N 89E27'24" E departing the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 4531.61 feet to a point on the westerly right-of-way line of the Atchison, Topeka and Santa Fe Railway Company, said point also being the Point of Beginning of the herein described tract; THENCE N 45E32'18" W, a distance of 964.15 feet to a point; THENCE S 44E27'42" W, a distance of 608.50 feet to a point; THENCE N 45E36'58" W, a distance of 165.03 feet to a point; THENCE N 44E23102" E, a distance of 147.72 feet to a point; THENCE N 45E32'18" W, a distance of 560.55 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 222.50 feet, a central angle of 7E35'19" and being subtended by a chord which bears N 40E3522" E,29.45 feet; THENCE along said curve to the right,a distance of 29.47 feet to a point; THENCE N 44E23'02" E tangent to said curve, a distance of 1146.43 feet to a point; THENCE S 65E58'36" E, a distance of 574.61 feet to a point; THENCE S 90E00'00" E, a distance of 773.31 feet to a point; THENCE S OOE07'20" E, a distance of 857.55 feet to a point; THENCE S 44E23'02" W, a distance of 846.34 feet to the Point of Beginning and containing 2,147,059 square feet or 49.290 acres of land,more or less. Tract 13 BEING a 83.456 acre tract of land in the G. Cardinas Survey,Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County,Texas (RPRDCT)and a portion of those tracts conveyed to Aperion Communities,L.L.L.P.by deed recorded under County Clerk's File No. 2004-11913 RPRDCT(Aperion Tract One-A and Aperion Tract One-B) and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre,et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 238.28 feet to a capped 1/2" iron pin set; Exhibit D to Development Agreement Page 13 THENCE N OOE 11'12" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E48'48"E along the said proposed north right-of-way line of State Highway No.114 , a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOE 11'12" E along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E48'48"E along the said proposed north right-of-way line of State Highway No.114, a distance of 857.21 feet to the Point of Beginning of the herein described tract; THENCE N OOE32'36" W, a distance of 275.42 feet to a point; THENCE N 89E33'01"E, a distance of 60.58 feet to a point; THENCE N OOE24'36" W,a distance of 50.00 feet to a point; THENCE N 89E33'01" E, a distance of 140.19 feet to a point; THENCE N OOE26'59" W,a distance of 476.50 feet to a point; THENCE N 89E33'01"E,a distance of 92.01 feet to a point; THENCE S 42E37'00"E, a distance of 35.75 feet to a point; THENCE N 89E33'01" E,a distance of 208.99 feet to a point; THENCE N OOE26'59" W, a distance of 1418.42 feet to a point; THENCE N 44E09'00" E,a distance of 318.95 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 1800.00 feet, a central angle of 3E12'02" and being subtended by a chord which bears N 42E32'59"E, 100.53 feet; THENCE along said curve to the left, a distance of 100.55 feet to a point; THENCE S 45E32'18" E,a distance of 1068.41 feet to a point; THENCE N 44E2742" E, a distance of 285.00 feet to a point; THENCE S 45E32'18" E,a distance of 107.50 feet to a point; THENCE N 44E27'42" E,a distance of 152.50 feet to a point; THENCE S 45E32'1 8" E,a distance of 402.44 feet to a point; Exhibit D to Development Agreement Page 14 THENCE N 44E27'42"E, a distance of 157.50 feet to a point; THENCE S 45E36'58" E, a distance of 562.54 feet to a point; THENCE S 44E23'02" W,a distance of 802.06 feet to a point; THENCE N 47E 15'51" W, a distance of 24.73 feet to a point; THENCE S 44E2742" W, a distance of 1121.43 feet to a point; THENCE S 89E4736" W, a distance of 286.33 feet to a point; THENCE S 84E30'09" W, a distance of 703.04 feet to a point; THENCE S 89E4848" W, a distance of 392.76 feet to the Point of Beginning and containing 3,635,339 square feet or 83.456 acres of land,more or less. Tract 14 BEING Tract 2 of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 of the Real Property Records of Denton County, Texas (RPRDCT) and being more particularly described as follows: BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract 2, said brass monument also being on the north right-of-way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT; THENCE S 89E4648" W along the south line of said Aperion Tract 2 and the north right-of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E2944" W along the south line of said Aperion Tract 2 and the north right-of- way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract 2 and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west tine of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract 2 and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit D to Development Agreement Page 15 Exhibit E Special Regulations A. Street, Right-of-Way, and Sidewalk Widths 1. Any portion of a local residential street that abuts a park with an area of .5 acre or greater shall be a 29-foot back-to-back section in a 42-foot right-of-way. Twenty (20) feet adjacent to the right-of-way shall be reserved for a sidewalk within a public access easement. The 7 feet of park area immediately adjacent to the right-of-way shall be reserved for a utility easement. The sidewalk in the park area may be meandering or linear. Where'sidewalks abut residential lots, sidewalks shall be physically connected in accordance with the Americans with Disabilities Act. On all residential lots across from park areas subject to this section, a 4-foot wide sidewalk shall be located within a 13-foot wide parkway and shall be separated from the property line by 3 feet. 2. Local residential streets or any portion thereof that are not subject to A(1) shall be a 29- foot back-to-back section, with a pair of 4-foot wide sidewalks separated from the property line by 3 feet within a 13-foot wide parkway, all located in a 55-foot right-of- way. No encroachments shall be allowed in the right-of-way between the sidewalk and property line. 3. Collector residential streets shall be a 37-foot back-to-back section, with a pair of 5-foot wide sidewalks separated from the street by 10-foot wide parkways. All will be located in a 67-foot right-of-way. 4. Minor arterial streets shall contain two 28-foot back-to-back sections, divided by a 51- foot median, with a 9-foot wide parkway all located within a 125-foot right-of-way. An 8-foot wide sidewalk shall meander within a 22.5-foot landscape buffer and public access easement that is adjacent to either side of the 125-foot right-of-way. 5. Alleys shall be 12 feet wide and centered within a 15-foot right-of-way, except that those alleys located adjacent to townhomes or commercial lots that require no minimum rear yard setback shall be 18 feet wide within a 20-foot right-of-way. 6. All other streets shall be constructed in accordance with the requirements of the City of Fort Worth. B. Block Length , 1. The minimum block length shall be 300 feet. 2. The maximum block length shall be 1,320 feet. C. Minimum Street Centerline Off-Sets The minimum street centerline off-set shall be 100 feet for a street that: (1) is located within a right-of-way that is 67 feet wide or less; and (2) is adjacent to a park with an area of at least .5 acre but less than 3 acres. For all other internal residential streets a Exhibit E to Development Agreement Page 1 minimum 125-foot centerline off-set shall be required. For all streets connecting to a right-of-way greater than 67 feet a street centerline off-set of 150-feet shall be required. Exhibit E to Development Agreement page 2 Exhibit F Table of Permitted Uses C T M C O o a 1 o a M w z m e M n e m e b d ■ F r o - a a c a U i m i c c t i a e e y I USES I / F y C a 1 e . c 1 e t c RESIDENTIAL USES Cluster housing P P Multifamily dwelling(apartment) P One dwelling unit when part of a business P Oie-family attached dwelling(townhouse,townhouse) P P One-family detached dwelling P P LIE PUBLIC AND CIVIC USES Ambulance dispatch station P P P Assisted living facility P P Blood bank P P Care facility P P P Center,community recreation or welfare,government operated or P P P P P controlled Center,community recreation or welfare,private or non-profit P P P P College or university P P Country club (private) P P P P P Day care center(6 or more children or adults) P P P Electric power substation P P P Golf course P P P P P Golf driving range P P P P Government maintenance facility P Exhibit F to Development Agreement Page 1 C T M C O 0 0 1 0 a I W : m e m a e m - e h d a F r 0 - a a C a U i m i s s t i a e e y 1 USES t / F y C a 1 e u i s 1 t [ C t r i e s Government office facility P P P P P Health services facility,including doctor's office or medical clinic P P P Hospice P P P P P Hospital P P P Kindergarten P P P Museum,library,or fine arts center,government operated or P P P P P controlled Neighborhood recreation center P P P P Nursing home(with full medical services) P P P Park or playground P P P P Place of worship P P P P P School,elementary or secondary(public or private) P P P P P Stealth telecommunication towers P P Telecommunication antenna(on structure) P P P P P Water supply,treatment or storage facility P P P P P TEMPORARY USES Batch plant,concrete or asphalt(temporary) P P P P P Garage or other occasional sale P P P Model home P P P Trailer,(portable)used for sales,construction or storage P P P P P COMMERCIAL USES Amusement,indoor P P Amusement,outdoor P P Exhibit F to Development Agreement Page 2 C T Ari C O 0a 1 o a I W : m e m n e m - e h d a F r 0 - a a C n U i m i c c t i a e e y 1 USES I / F y C a 1 e e ) c 1 t i e t r 1 e c Antique shop P P Appliance,sales,supply or repair P P Auto parts supply,retail P P Automotive repair,paint and body shop P Bakery P P Bank,financial institution P P Bar,tavern,cocktail lounge,club P P Barber or beauty shop P P Baseball/softball facility(commercial) P Boat rental or sales P Book,stationary stores or newsstand P P Bowling alley P Burglar alarm sales or service P Business college or commercial school P P Car wash,full or self service P Caterer or wedding service P P Clothing/wearing apparel sales,new P P Clothing/wearing apparel sales,used P P Club,commercial or business P P Cold storage plant or ice plant P Convenience store P P Copy store or commercial print center without off-set printing P P Dressmaking,custom,millinery shop P P Drive-in restaurant or business P P Exhibit F to Development Agreement Page 3 C T M C O 0 a 1 o ■ I w I m e M a e m - e h d o F r 0 - o s v U i m i t i a e e y 1 USES 1 / F y C a 1 e a i e 1 t i e t r i e 5 Express office P P Feed store P Firewood sales P P Furniture sales,new(office and residential)in a building P P Furniture upholstery,refinishing or resale P P Garage,storage only P Gasoline sales P P General merchandise store P P Greenhouse or plant nursery P P Grocery store,meat market P P Gunsmithing,repairs or sales P Health or recreation club P P Home improvement store P P Hotel,motel or inn P P Interior decorating P P Large retail store(big box retail) P P Laundry or dry cleaning collection office P P Laundry,dry cleaning or washateria P P Leather goods shop P P Liquor or package store P P Locksmith P P Lodge or civic club P P Massage therapy P P Medical supplies or equipment sales or rental P P P Exhibit F to Development Agreement Page 4 C T M C O 0 o f o a m w : m e M o e m e h d a F r o - e a C o U f m i c c t i a e e y i USES I / F y C a 1 c a i c I t i e t r f e c Mortuary or funeral home P P Museum or cultural facility P P P Newspaper distribution center P Offices P P P Optician P P Parking area or garage,commercial P P Pharmacy(drug store) P P Photograph,portrait or camera shop or photo finishing P P Print centers,commercial,with offset printing P P Recording studio P P Restaurant,cafd,cafeteria P P Retail sales,general P P Saddle or harness,repair or sales P P Service station P Shoe shine shop P P Studio,art or photography P P Swimming pool,commercial P P Tailor,clothing or apparel shop P P Taxidermist shop P P Theater,movie theater or auditorium P P Vehicle sales or rental;including automobiles,motorcycles,boats or P trailers Veterinary clinic with indoor kennels P P INDUSTRIAL USES Exhibit F to Development Agreement Page 5 C T M C O 0 0 i 0 a I w i m e M a e m e h d n F r 0 - a a t a U I m I c c t I a e e y I USES t / F y C a 1 e e I c 1 t I et r i e 6 Passenger station P P Exhibit F to Development Agreement Page 6 Exhibit G ASSIGNMENT AND ASSUMPTION AGREEMENT THIS ASSIGNMENT AND ASSUMPTION AGREEMENT("Assignment") is made and entered into as of the day of between a ("Assignor'), and a ("AssIoee") (Assignor and Assignee are hereinafter sometimes collectively referred to as the "Parties" and singularly as a"Party'). RECITALS: A. Assignor is the owner of the rights of the Owner under that certain"Development Agreement" (City Secretary Contract No. 32897, M & C — C-21198) (the "Agreement') effective as of December 21, 2005, between Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, collectively and individually as Owner, and the City of Fort Worth,Texas, as the City,relating to the development of the Development(as described therein), to the extent that the Agreement covers, affects, and relates to the lands described on Exhibit A attached to and made a part hereof of this Assignment for all purposes (the "Transferred Premises"). B. Assignor desires to assign certain of its rights under the Agreement as it relates to the Transferred Premises to Assignee, and Assignee desires to acquire such rights, on and subject to the terms and conditions of this Assignment. NOW, THEREFORE, in consideration of the premises, the mutual covenants and obligations set forth herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged,the Parties hereby agree and act as follows: 1. Certain Defined Terms. Unless indicated otherwise herein, capitalized terms in this Assignment shall have the same respective meanings as are ascribed to them in the Agreement. 2. Assignment. Subject to all of the terms and conditions of this Assignment, Assignor hereby assigns all [or describe specifically assigned rights if partial] of its rights under the Agreement, insofar as the Agreement covers, affects, and relates to the Transferred Premises. 3. Assumption. Assignee hereby assumes all obligations of Assignor and any liability that may result from acts or omissions by Assignee under the Agreement as it relates to the Transferred Premises that may arise or accrue from and after the effective date of this Assignment, and Assignor is hereby released from all such obligations and liabilities from and after the date of this Assignment; provided, however, this Assignment does not release Assignor from any liability that resulted from an act or omission by Assignor that occurred prior to the effective date of this Assignment unless the City approves the release in writing. Exhibit G to Development Agreement Page 1 4. Governing Law. THIS ASSIGNMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, As THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. S. Counterpart/Facsimile Execution. This Assignment has been prepared in multiple counterparts, each of which shall constitute an original hereof, and the execution of any one of such counterparts by any signatory shall have the same force and effect and shall be binding upon such signatory to the same extent as if the same counterpart were executed by all of the signatories. Facsimile copies of signatures may be appended hereto with the same force and effect as legally delivered original signatures. 6. Notice to City. A copy of this Assignment shall be provided to the City within fifteen(IS) days after execution. 7. Binding Effect. This Assignment shall be binding upon and shall inure to the benefit of Assignor and Assignees and their respective heirs, personal representatives, successors, and assigns. EXECUTED as of the day and year first above written. ASSIGNOR: I 1 By: Printed Name: Title: ASSIGNEE: I By: Printed Name: Title: Exhibit G to Development Agreement Page 2 EXMIT "A" The Transferred Premises Exhibit A to Exhibit G to Development Agreement SWORN TO AND SUBSCRIBED before me on the day of , 2005, by Notary Public, State of Texas STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of , 2005,by Notary Public, State of Texas [Add Acknowledgments] Exhibit G to Development Agreement Page 3 i Exhibit E Special Regulations A. Street,Right-of-Way,and Sidewalk Widths 1. Any portion of a local residential street that abuts a park with an area of .5 acre or greater shall be a 29-foot back-to-back section in a 42-foot right-of-way. Twenty (20) feet adjacent to the right-of-way shall be reserved for a sidewalk within a public access easement. The 7 feet of park area immediately adjacent to the right- of-way shall be reserved for a utility easement. The sidewalk in the park area may be meandering or linear. Where sidewalks abut residential lots, sidewalks shall be physically connected in accordance with the Americans with Disabilities Act. On all residential lots across from park areas subject to this section, a 4-foot wide sidewalk shall be located within a 13-foot wide parkway and shall be separated from the property line by 3 feet. 2. Local residential streets or any portion thereof that are not subject to A(1) shall be a 29-foot back-to-back section, with a pair of 4-foot wide sidewalks separated from the property line by 3 feet within a 13-foot wide parkway, all located in a 55-foot right-of-way. No encroachments shall be allowed in the right-of-way between the sidewalk and property line. 3. Collector residential streets shall be a 37-foot back-to-back section, with a pair of 5-foot wide sidewalks separated from the street by 10-foot wide parkways. All will be located in a 67-foot right-of-way. 4. Minor arterial streets shall contain two 28-foot back-to-back sections, divided by a 51-foot median, with a 9-foot wide parkway all located within a 125-foot right- of-way. An 8-foot wide sidewalk shall meander within a 22.5-foot landscape buffer and public access easement that is adjacent to either side of the 125-foot right-of-way. 5. Alleys shall be 12 feet wide and centered within a 15-foot right-of-way, except that those alleys located adjacent to townhomes or commercial lots that require no minimum rear yard setback shall be 18 feet wide within a 20-foot right-of-way. 6. All other streets shall be constructed in accordance with the requirements of the City of Fort Worth. B. Block Length 1. The minimum block length shall be 300 feet. 2. The maximum block length shall be 1,320 feet. Exhibit E to Agreement Concerning Creation and Operation Page 1 C. Minimum Street Centerline Off-Sets The minimum street centerline off-set shall be 100 feet for a street that: (1) is located within a right-of-way that is 67 feet wide or less; and (2) is adjacent to a park with an area of at least .5 acre but less than 3 acres. For all other internal residential streets a minimum 125-foot centerline off-set shall be required. For all streets connecting to a right-of-way greater than 67 feet a street centerline off-set of 150-feet shall be required. Exhibit E to Agreement Concerning Creation and Operation Page 2 Exhibit F Strategic Partnership Agreement Exhibit F to Agreement Concerning Creation and Operation Page I STRATEGIC PARTNERSHIP AGREEMENT BETWEEN THE CITY OF FORT WORTH, TEXAS AND FORT WORTH MUNICIPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY STATE OF TEXAS § COUNTY OF DENTON § This Strategic Partnership Agreement (this "Agreement") is entered into by and between the City of Fort Worth, a home-rule municipal corporation situated in Tarrant, Denton and Wise Counties, Texas (the "C "), acting by and through its duly authorized Assistant City Manager, and City of Fort Worth Municipal Utility District No. 1 of Denton County (the "District'), acting by and through its duly authorized Board of Directors, under the authority of Section 43.0751 of the Texas Local Government Code("Local Government Code"). RECITALS A. Local Government Code, Section 43.0751 (the "Act"), authorizes the City and a municipal utility district to negotiate and enter into a strategic partnership agreement by mutual consent. B. This Agreement provides for the limited purpose annexation by the City of certain tracts of land that have been or may in the future be designated for commercial use for the purpose of collecting Sales and Use Tax Revenues within such commercial tracts. C. Pursuant to this Agreement the City will pay to the District an amount equal to a portion of such Sales and Use Tax Revenues, which may be used to fund the installation and construction of Infrastructure and for other purposes in accordance with this Agreement. D. The District and the City acknowledge that this Agreement provides benefits to each party, including revenue, services and regulatory benefits. E. The District and the City acknowledge that this Agreement does not require the District to provide revenue to the City solely for the purpose of obtaining an agreement with the City to forgo annexation of the District. NOW THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which are acknowledged,the District and the City agree as follows: ARTICLE I FINDINGS A. The District is a municipal utility district created under Chapter 54 of the Texas Water Code by Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special Strategic Partnership Agreement Page 1 District Local Laws Code, Chapter 8129, effective September 1,2005. B. On December 13, 2005, the City Council of the City adopted Resolution No. 3299-12-2005 consenting to the creation of the District and approved that certain Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County(City Secretary Contract No. 32896,M& C C-21197). C. The District encompasses approximately 431.303 acres, more or less, all of which are located within Denton County, Texas and within the extraterritorial jurisdiction of the City as shown on Exhibit A and described on Exhibit B attached to this Agreement (the "Development'). D. Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, all Arizona limited liability limited partnerships (collectively, "Owner"),have represented to the City and the District that they own the Development. E. Owner desires to develop the Development as a master planned community including residential, commercial and recreational uses. To that end, Owner and the City entered into that certain Development Agreement (City Secretary Contract No. C-32897, M & C C- 21198), which includes land use and development standards designed to produce a quality mixed-use development and which provides, among other things, that commercial development may occur on Tracts 1 and 14, totaling approximately 59 acres, and mixed-use residential and commercial development may occur on Tracts 3 and 5, totaling approximately 48 acres, as shown on Exhibit C and described on Exhibit D attached to this Agreement. F. The City and the District desire to enter into this Agreement providing for limited purpose annexation of the portions of the Development within which commercial uses may occur for the purpose of collecting Sales and Use Tax Revenues within the annexed areas in accordance with Subsection (k) of the Act, and for the sharing of Sales and Use Tax Revenues between the City and the District. G. The District provided notice of two public hearings concerning the adoption of this Agreement and the proposed limited purpose annexation of the Original Commercial Property,as defined below, in accordance with the procedural requirements of the Act. H. The Board of Directors of the District conducted two public hearings regarding this Agreement and the proposed limited purpose annexation of the Original Commercial Property, at which members of the public who wished to present testimony or evidence regarding this Agreement and the proposed limited purpose annexation were given the opportunity to do so, in accordance with the procedural requirements of the Act on , 2006, at _.m. at and on 2006, at _.m. at I. The Board of Directors of the District approved this Agreement on 2006, in open session at a meeting held in accordance with Chapter 551 of the Government Code. Strategic Partnership Agreement Page 2 J. The City provided notice of two public hearings concerning the adoption of this Agreement and the proposed limited purpose annexation of the Original Commercial Property, in accordance with the procedural requirements of the Act. K. The City Council of the City conducted two public hearings regarding this Agreement and the proposed limited purpose annexation of the Original Commercial Property, at which members of the public who wished to present testimony or evidence regarding this Agreement and the proposed limited purpose annexation were given the opportunity to do so, in accordance with the procedural requirements of the Act on , 2006, at _.m.,at the City Council Chambers and on ,_ 2006, at _.m.,at the City Council Chambers. L. The City Council of the City approved this Agreement on , 2006, in open session at a meeting held in accordance with Chapter 551 of the Government Code (M & C _�, which approval was after the Board of Directors of the District approved this Agreement. M. All procedural requirements imposed by law for the adoption of this Agreement have been met. N. Pursuant to that certain Agreement for Sale of Treated Water executed by the City and Aqua Utilities, Inc. ("Aqua Utilities"), the City will sell water to Aqua Utilities on a wholesale basis to enable Aqua Utilities to provide retail water service to customers within the District. O. Pursuant to that certain Wholesale Wastewater Service Agreement executed by the City and Aqua Utilities, the City will sell wastewater service to Aqua Utilities on a wholesale basis to enable Aqua Utilities to provide retail wastewater service to customers within the District. P. Pursuant to that certain Superseding Agreement Regarding Water and Wastewater Utility Service executed by the City, the District,Aqua Utilities and Owner(the "Superseding_ Utility greement"), the City will require Aqua Utilities to comply with regulatory and operational standards,the enforcement of which will benefit the District. Q. Pursuant to the Superseding Utility Agreement and the Consent Agreement, the District shall construct, operate, and maintain or cause to be constructed, operated and maintained water, wastewater, drainage and road systems within the District in accordance with City standards. R. In accordance with the requirements of Subsection (p)(2) of the Act, this Agreement provides benefits to the City and the District, including revenue, services, and regulatory benefits which are reasonable and equitable with regard to the benefits provided to the other. Strategic Partnership Agreement Page 3 ARTICLE II DEFINITIONS Terms used in this Agreement shall have the following meanings: "Act"means the Texas Local Government Code, Section 43.075 1, and any amendments thereto. "Additional Commercial Property" means any property within the District Boundaries designated for commercial use, other than the Original Commercial Property. "Agreement" means this Strategic Partnership Agreement between the City and the District. "Board" means the Board of Directors of the District. "Bond" means (a) any instrument, including a bond, note, certificate of participation, or other instrument evidencing a proportionate interest in payments, due to be paid by the District, or (b) any other type of obligation that (1) is issued or incurred by the District under the District's borrowing power, without regard to whether it is subject to annual appropriation, and (2) is represented by an instrument issued in bearer or registered form or is not represented by an instrument but the transfer of which is registered on books maintained for that purpose by or on behalf of the District. The term shall include obligations issued to refund outstanding bonds but shall not include reimbursement agreements entered into between the District and a developer of the Development or bond anticipation notes. "CiV" means the City of Fort Worth, Texas, a home rule municipality located in Tarrant, Wise, and Denton Counties. "City Council"means the City Council of the City. "City Secretary" means the City Secretary of the City. "City Manager" means the City Manager of the City. "City Share" means the City's share of Sales and Use Tax Revenues as defined by Section 4.02 of this Agreement. "Comptroller" means the Comptroller of Public Accounts of the State of Texas. "Consent Agreement" means the Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No. 1 of Denton County by and among the City, the District, and Owner, which was approved by the City Council on December 13, 2005 (City Secretary Contract No. 32896, M &C C-32896) and executed as of December 13, 2005. "Development" means that certain 431.303-acre tract located in Denton County, Texas as shown on Exhibit A and described on Exhibit B. Strategic Partnership Agreement Page 4 "Development Agreement" means the Development Agreement between the City and Owner, which was approved by the City Council on December 13, 2005 (City Secretary Contract No. 32897 ,M& C C-21198) and executed as of December 21,2005. "District"means the City of Fort Worth Municipal Utility District No. 1 of Denton County,to be renamed in accordance with Article X of the Consent Agreement, created in the Development by the District Legislation. "District Boundaries" means boundaries of the District, consisting of the boundaries of the 431.303-acre tract as shown on Exhibit A and described on Exhibit B. "District Legislation" means Act of May 25, 2005, 79th Legislature, Regular Session, Chapter 1330, Special District Local Laws Code, Chapter 8129, effective September 1, 2005, creating the District. "District Share" means the District's share of Sales and Use Tax Revenues as defined by Section 4.02 of this Agreement. "ETT" means the extraterritorial jurisdiction of a city as defined by the Local Government Code, as amended, with the City's ETJ being an unincorporated area presently extending five miles from the City's corporate limits, excluding other incorporated municipalities and their respective ETJs. "Effective Date" means the date on which the City adopted this Agreement. "Finance Director" means the Director of the City's Finance Department. "Government Code"means the Texas Government Code, as amended. "Infrastructure" means all water, wastewater, drainage, roadway and other infrastructure improvements installed or constructed to serve the Development, whether located within or outside the Development. "Limited Purpose Annexation Period" means the period commencing on the effective date of the limited purpose annexation of any Limited Purpose Property and ending upon the full purpose annexation or disannexation of such property. "Limited Purpose Property" means the property in the District that is annexed for limited purposes pursuant to this Agreement, including the Original Commercial Property and any Additional Commercial Property. "Local Government Code"means the Texas Local Government Code, as amended. "Notice"means notice as defined in Section 7.02 of this Agreement. Strategic Partnership Agreement Page 5 "Original Commercial Property" means those certain 12.245-acre (Tract 1), 30.414-acre (Tract 3), 18.269-acre (Tract 5) and 47.262-acre (Tract 14) tracts designated for commercial or mixed commercial and residential use in the Development Agreement, as shown on Exhibit C and described on Exhibit D. The parties recognize that the legal descriptions for such tracts are approximate and may require minor adjustments in order to conform with subdivision plats submitted for the Development. "Owner" means, individually and collectively, Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP, Arizona limited liability limited partnerships, their successors and their assigns as permitted by Section 7.11 of this Agreement. "Party" means, individually, the City or the District, their successors and their assigns as permitted by Section 7.11 of this Agreement. "Sales and Use Tax Revenues" means those revenues received by the City from the sales and use tax authorized to be imposed by the City on sales consummated at locations within the Limited Purpose Property pursuant to the Act and Chapter 321 of the Tax Code and whose use is not otherwise controlled or regulated, in whole or in part, by another governmental entity, authority, or applicable law, ordinance, rule, or regulation. Sales and Use Tax Revenues specifically exclude those revenues received by the City from the Crime Control District Sales Tax imposed by the City pursuant to Tax Code Section 323.105 and Local Government Code Section 363.055. "Sales and Use Tax Account" means the account established pursuant to Section 4.03 in which the District deposits the District Share. "Tax Code"means the Texas Tax Code,as amended. ARTICLE III ADOPTION OF AGREEMENT AND LIMITED-PURPOSE ANNEXATION OF ORIGINAL COMIIMRCIAL PROPERTY AND ADDITIONAL COMMERCIAL PROPERTY 3.01 Public Hearings. The District and the City acknowledge and agree that prior to the execution of this Agreement, the governing bodies of the District and the City have conducted public hearings for the purpose of considering the adoption of this Agreement and that such hearings were noticed and conducted in accordance with the terms of the Act, this Agreement, Chapter 551 of the Government Code, and the City Charter of the City. 3.02 Effective Date. Pursuant to Subsection(c) of the Act, this Agreement took effect on ,the date of adoption of this Agreement by the City. 3.03 Filing in Property Records. The City shall file this Agreement in the Real Property Records of Denton County, Texas. Strategic Partnership Agreement Page 6 3.04 Limited Purpose Annexation of Original Commercial Property. The District and the City agree that the City may annex all or any portion of the Original Commercial Property for the limited purpose of collecting Sales and Use Tax Revenues within the Original Commercial Property pursuant to Subsection (k) of the Act. The District acknowledges that the City Council may adopt a limited purpose annexation ordinance at a meeting conducted in accordance with Chapter 551 of the Government Code and further acknowledges that no additional notices, hearings, or other procedures are required by law in order to approve such limited purpose annexation. 3.05 Limited Purpose Annexation of Additional Commercial Property. In the event the location of proposed commercial development within the District is changed or additional property designated for commercial development is added, the City Council may annex the Additional Commercial Property for the limited purpose of collecting Sales and Use Tax Revenues within the Additional Commercial Property pursuant to Subsection (k) of the Act. The District acknowledges that the City Council may adopt a limited purpose annexation ordinance at a meeting conducted in accordance with Chapter 551 of the Government Code and further acknowledges that no additional notices, hearings, or other procedures are required by law to approve such limited purpose annexation. 3.06 Connections to the City Limits. In the event the City annexes Additional Commercial Property, the District consents to the annexation of additional land connecting the Additional Commercial Property to the City limits. The City may annex property pursuant to this Section 3.46 for limited purposes as permitted by the Act. 3.07 Consent to Limited Purpose Annexation. THE DISTRICT ON BEHALF OF ITSELF AND ALL PRESENT AND FUTURE OWNERS OF LAND WITHIN THE DISTRICT BOUNDARIES HEREBY REQUESTS THAT THE CITY ANNEX THE ORIGINAL COMMERCIAL PROPERTY AND THE ADDITIONAL COMMERCIAL PROPERTY FOR LIMITED PURPOSES AS PROVIDED IN THIS AGREEMENT. THE DISTRICT CONSENTS TO SUCH ANNEXATION AND TO THE COLLECTION OF SALES AND USE TAX REVENUES BY THE CITY WITHIN SUCH LIMITED PURPOSE PROPERTY. SUCH CONSENT SHALL BIND THE DISTRICT AND EACH OWNER AND FUTURE OWNER OF LAND WITHIN THE DISTRICT BOUNDARIES. ARTICLE IV TAXATION AND PROVISION OF SERVICES 4.01 Collection of Sales and Use Tax Revenues. The City may impose a sales and use tax within the Limited Purpose Property pursuant to Subsection(k)of the Act. The sales and use tax shall be imposed on all eligible commercial activities at the rate of one percent or other rate allowed under future amendments to Chapter 321 of the Tax Code and imposed by the City. Collection of the Sales and Use Tax Revenues shall take effect on the date described in Section 321.102 of the Tax Code. 4.02 Payment of Sales and Use Tax. In return for the benefits received by the City pursuant to this Agreement, the City shall pay to the District an amount equal to 50% of the Sales and Use Tax Revenues during the first nineteen (19) years of the Limited Purpose Strategic Partnership Agreement Page 7 Annexation Period, and paid to the City as reflected in sales tax reports provided by the Comptroller to the City. Further, during the nineteenth (19") year of the Limited Purpose Annexation Period, the City shall retain $300,000 from the 50% payment otherwise due to the District. The City will use such funds in accordance with Section 4.04 of this Agreement. Such $300,000 payment shall be retained by the City in addition to the City's 50% share of the Sales and Use Tax Revenues. Thereafter, the City shall pay to the District an amount equal to 25% of the Sales and Use Tax Revenues collected commencing on the first day of the twentieth (20th) year of the Limited Purpose Annexation Period, and paid to the City as reflected in sales tax reports provided by the Comptroller to the City. All amounts payable to the District pursuant to this Section 4.02 are hereafter referred to as the "District Share". The City shall pay the District Share within thirty (30) days after the City receives the sales tax report reflecting such revenues from the Comptroller. Any payment of the District Share not made within such 30-day period shall bear interest calculated in accordance with Section 2251.025 of the Government Code. The City shall retain all Sales and Use Tax Revenues that do not constitute the District Share (the "CityShare"). 4.03 District Use of Sales and Use Tax Revenues. The District shall deposit the District Share in a segregated interest-bearing account(the "Sales and Use Tax Account"). The District shall use funds in the Sales and Use Tax Account in the following order of priority: (a) Reimbursement for the construction or installation of Infrastructure. (b) Funding the construction or installation of Infrastructure. (c) Funding for any purpose for which the District may legally expend funds (including such items as District bond debt service, operational costs, and any contract tax obligations); provided, however, the District shall not fund any such items if the District's Ad Valorem Tax rate is, or with such funding of any such items would be, less than 90% of the City's Ad Valorem Tax rate for the previous year. (d) Purchasing and retiring any Bond after the tenth anniversary of its issuance. 4.04 City Use of Sales and Use Tax Revenues. The City may use the City Share for any lawful purpose; provided, however, it is the City's intent to use the additional 25% share of the Sales and Use Tax Revenues beginning on the first day of the twentieth (20th) year of the Limited Purpose Annexation Period to defray the costs of providing municipal services to the residents of the Development upon full purpose annexation. Further,pursuant to Section 4.02 of this Agreement, the District has agreed to allow the City to retain $300,000 from the District's Share during the nineteenth (19th) year of the Limited Annexation Period in order to defray the cost of maintaining roads within the Development upon full purpose annexation. Strategic Partnership Agreement Page 8 4.05 Delivery of Sales Tax Reports to District. The City shall include with each payment of the District Share a condensed version of each sales tax report provided by the Comptroller relating to Sales and Use Tax Revenues within thirty (30) days of the City's receipt of such sales tax report 4.06 Notification of Comptroller. The City shall send notice of this Agreement, together with other required documentation, to the Comptroller in the manner provided by Tax Code, Section 321.102, after the City Council annexes any portion of the Limited Purpose Property for limited purposes. 4.07 Termination of Sales and Use Tax Sharing. Upon termination of this Agreement, the City shall have no further financial obligation to the District pursuant to this Agreement, and all Sales and Use Tax Revenues shall be retained by the City and may be used for any lawful purpose. 4.08 City's Maintenance of Records and District's Audit Rights. The District may audit the Sales and Use Tax Revenues collected by the City to determine whether the District Share has been paid to the District in accordance with this Agreement. The City shall provide reasonable accommodations for the District to perform the audit. Any audit shall be made at the District's sole expense and may be performed at any time during the City's regular business hours on thirty (30) days Notice to the City. For purposes of any such audits, the City shall maintain and make available to the District's representatives all books, records, documents and other evidence of accounting procedures or practices in form sufficiently maintained to reflect the amount of Sales and Use Tax Revenues received by the City from the Limited Purpose Property. Notwithstanding the foregoing,however, if any audit conducted by the District reveals that the District Share has been underpaid by more than two percent (2%), the City shall reimburse the District for the reasonable cost of the audit. 4.09 District's Maintenance of Records and City's Audit Rights. The City may audit the Sales and Use Tax Account and the District's expenditures of the District Share to determine whether the expenditures have been made by the District in accordance with Section 4.03 of this Agreement. The District shall provide reasonable accommodations for the City to perform the audit. Any audit shall be made at the City's sole expense and may be performed at any time during the District's regular business hours on thirty (30) days Notice to the District. For purposes of any such audits, the District shall maintain and make available to the City's representatives all books, records, documents and other evidence of accounting procedures or practices in form sufficiently maintained to reflect deposits to the Sales and Use Tax Account and expenditures of the District Share. Notwithstanding the foregoing, however, if any audit conducted by the City reveals that the District has not used the District Share in accordance with Section 4.03, the District shall reimburse the City for the reasonable cost of the audit. Furthermore, if such breach is not cured as provided by Article VI, the City may withhold payments of future Sales and Use Tax Revenues in the amount of the improper expenditures. Strategic Partnership Agreement Page 9 ARTICLE V TERM This Agreement commences on the Effective Date and continues until the City annexes the Limited Purpose Property (subject to the provisions of the Development Agreement) for full purposes or disannexes the Limited Purpose Property. This Agreement will automatically terminate with regard to any portion of the Limited Purpose Property upon disannexation or full purpose annexation of such property. ARTICLE VI BREACH,NOTICE AND REMEDIES 6.01 Notification of Breach. If either Party commits a breach of this Agreement, the non-breaching Parry shall give Notice to the breaching Parry that describes the breach in reasonable detail. 6.02 Cure of Breach. The breaching Party shall commence curing such breach within fourteen (14) calendar days after receipt of such Notice and shall complete the cure within fourteen (14) calendar days from the date of commencement of the cure; however, if the breach is not reasonably susceptible to cure by the breaching Party within such fourteen(14)day period, the non-breaching Party shall not bring any action so long as the breaching Party has commenced to cure the default within such fourteen (14) day period and diligently completes the work within a reasonable time without unreasonable cessation of the work. 6.03 Remedies for Breach. If the breaching Party does not substantially cure such breach within the stated period of time, the non-breaching Party may, in its sole discretion, and without prejudice to any other right under this Agreement, law, or equity, seek any relief available at law or in equity, including, but not limited to, an action under the Uniform Declaratory Judgment Act, specific performance, mandamus and injunctive relief; provided, however, that the non-breaching Party shall not be entitled to terminate this Agreement. The Parties specifically waive any right that they have or in the future may have to terminate this Agreement. Damages, if any, to which any non-breaching Party may be entitled shall be limited to actual damages and shall not include special or consequential damages. In addition, the prevailing party in any such action shall be entitled to reasonable attorney's fees and costs of litigation as determined in a final, non-appealable order in a court of competent jurisdiction. ARTICLE VII ADDITIONAL PROVISIONS 7.01 Voting. It is anticipated that the Original Commercial Property and the Additional Commercial Property will predominantly consist of commercial property, but may also include residential dwellings as part of a mixed-use development. The Parties recognize that Chapter 43, Subchapter F, of the Local Government Code does not apply to a limited purpose annexation under a strategic partnership agreement pursuant to Subsection (k) of the Act. Consequently, the Parties acknowledge that Section 43.130(a) of the Local Government Code providing that qualified voters of an area annexed for limited purposes may vote in certain Strategic Partnership Agreement Page 10 municipal elections does not apply to voters in any area annexed for limited purposes pursuant to this Agreement. 7.02 Notice. Any notices, certifications, approvals, or other communications (a "Notice") required to be given by one Party to another under this Agreement shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (i) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (ii) when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (iii) when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; or(iv) five business days after the Notice is sent by FAX(with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday,the applicable period for calculating the notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the addresses of the Parties are set forth below. The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this Section 7.02. To the City: City of Fort Worth, Texas 1000 Throclmorton Street Fort Worth, Texas 76102 Attn: City Secretary FAX: 817-392-6196 City of Fort Worth, Texas 1000 Throckmorton Street Attn: City Manager Fort Worth, Texas 76102 Attn: City Manager FAX: 817-392-6134 City of Fort Worth, Texas 1000 Throclanorton Street Attn: Finance Director Fort Worth, Texas 76102 Attn: Finance Director FAX: 817-392-8966 Strategic Partnership Agreement Page 11 To the District: Fort Worth Municipal Utility District No. 1 of Denton County c/o: Coats Rose 3 Greenway Plaza, Suite 2000 Houston, TX 77046 Attn: Timothy G. Green FAX: 713-890-3924 7.03 Payments. The City shall forward payments of the District Share to the District at the address set out in Section 7.02 by regular U.S. Mail or other method of delivery mutually acceptable to the Parties. 7.04 No Waiver. Any failure by a Party to insist upon strict performance by the other Party of any provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all of the provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purpose for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same term or condition. 7.05 Governing Law and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY, TEXAS AND HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 7.06 Authority to Execute. The City certifies, represents, and warrants that the execution of this Agreement is duly authorized and adopted in conformity with the City Charter and City Ordinances. The District certifies, represents, and warrants that the execution of this Agreement is duly authorized and adopted by the Board. 7.07 Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the Parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new Strategic Partnership Agreement Page 12 provision shall, to the extent possible, accomplish the intent of the Parties as evidenced by the provision so severed. 7.08 Changes in State or Federal Laws. If any state or federal law changes so as to make it impossible for the City or the District to perform its obligations under this Agreement, the parties will cooperate to amend this Agreement in such a manner that is most consistent with the original intent of this Agreement as legally possible. 7.09 Additional Documents and Acts. The Parties agree that at any time after execution of this Agreement,they will,upon request of the other Party, execute and/or exchange any other documents necessary to effectuate the terms of this Agreement and perform any further acts or things as the other Party may reasonably request to effectuate the terms of this Agreement. 7.10 Captions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement. 7.11 Assignability, Successors, and Assigns. This Agreement shall not be assignable without the other Party's written consent. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective representatives, successors, and assigns. 7.12 Amendment. This Agreement may be amended only with the written consent of the Parties and with approval of the governing bodies of the City and the District. 7.13 Interpretation. The Parties acknowledge that each party and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 7.14 No Third Party Beneficiaries. This Agreement is solely for the benefit of the City and the District, and neither the City nor the District intends by any provision of this Agreement to create any rights in any third-party beneficiaries or to confer any benefit or enforceable rights under this Agreement or otherwise upon anyone other than the City and the District. 7.15 Governmental Powers. It is understood that by execution of this Agreement, neither the City nor the District waives or surrenders any of their respective governmental powers, immunities or rights, except as specifically waived pursuant to this Section 7.15. The City and the District mutually waive their governmental immunity from suit and liability only as to any action brought by a Party to pursue the remedies available under this Agreement and only to the extent necessary to pursue such remedies. Nothing in this Section 7.15 shall waive any claims, defenses or immunities that the City or the District has with respect to suits against the City or the District by persons or entities not a party to this Agreement. strategic Partnership Agreement Page 13 7.16 Incorporation of Exhibits by Reference. All exhibits attached to this Agreement are incorporated into this Agreement by reference for the purposes set forth herein, as follows: Exhibit A Map of the Development Exhibit B Legal Description of the Development Exhibit C Map of Original Commercial Property Exhibit D Legal Description of Original Commercial Property 7.17 Conspicuous Provisions. The City and the District acknowledge that the provisions of this Agreement set out in bold, cAPrrALS (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 7.18 Counterpart Originals. This Agreement may be executed in multiple counterparts, each of which shall be deemed to be an original. ATTEST: CITY OF FORT WORTH By: Marty Hendrix, City Secretary Marc Ott,Assistant City Manager Date: APPROVED AS TO FORM AND LEGALITY: Assistant City Attorney CITY OF FORT WORTH MUNICIPAL UTILITY DISTRICT NO. I OF DENTON COUNTY By: Printed Name: President, Board of Directors Date: Strategic Partnership Agreement Page 14 STATE OF TEXAS § COUNTY OF TARRANT § This instrument was acknowledged before me, on the_day of ,2006, by Marc Ott,Assistant City Manager of the City of Fort Worth, Texas on behalf of said city. Notary Public, State of Texas Printed Name: My Commission Expires: [SEAL] STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me, on the day of , 2006, by , President, Board of Directors of City of Fort Worth Municipal Utility District No. 1 of Denton County, on behalf of said district. Notary Public, State of Texas Printed Name: My Commission Expires: [SEAL] Strategic Partnership Agreement Page 15 Exhibit A Map of the Development Exhibit A to Strategic Partnership Agreement Page 1 i 1 „ T P 22 '� 1.� ♦ ° I � �, � rte. rT�' - "", l _ - N �' _.°!. u :P �' +ee s.'Y `_mays'i. ,-0 - „ A• XIV„',F'^ �. } � 4 —, � M �LST i I •-0 ° ' y _ 41 'w L, . ■ w S , JJu Js PYY 1 i;�g z , ° a� In ° �y t 4 • ,' .,. �t Y , ya : #}� • r i - _ . �,�� � . � Exhibit B Legal Description of the Development BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey,Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT(Aperion Tract One-A and Aperion Tract One-B)and a portion of that tract conveyed to Nancy Talley Reynolds, et al,by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: TRACT ONE BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E, a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52E34'22" E,a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44E08'03" E, a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65E58'36" E,a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97- 0003605 RPRDCT; THENCE S OOE07'20" E along the east line of said Aperion Tract One-A and the west line of Exhibit B to strategic Partnership Agreement- Page 1 said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47E 15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E27'42" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of- way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N OOE 11'12" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOE 11'12" E along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right- of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land,more or less. TRACT2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of- way line of State Highway No. 114, said brass monument also being on the west line of a tract Exhibit B to strategic Partnership Agreement Page 2 conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right- of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit B to Strategic Partnership Agreement Page 3 Exhibit C Map of Original Commercial Property Exhibit C to Strategic Partnership Agreement Page 1 Exhibit C ill��14 1 4 wcfiW M ti .' T � ' � r ~' 4 t• ♦ 5 � r o , ,4 k y �, .Tract 3 y It •'.fir w a , „pr-.. � aka ➢,A'' �\".. �" � � _ 7! '+',°� ..w .,`+YW.6 � t'�K r4 T � 1I' r.?,Ji. �N �♦ R 4,y .. r. � (i� \\cfs01\water\groups\gis\projects\planning_engineering\capital_pmject_development\talasera\tmdition_exhibit_ci.mxd (PD) 10/25/2005 Exhibit D Legal Description of Original Commercial Property Tract 1 BEING a 12.245 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), and being more particularly described as follows: BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre,et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N OOE32'36" W along the said west line of said Alliance 161 Investments tract and the said east line of said McIntyre tract, a distance of 534.24 feet to a point; THENCE N 89E27'24" E,a distance of 337.96 feet to a point; THENCE N OOE32'36" W, a distance of 409.30 feet to a point; THENCE N 88E27'04" E, a distance of 110.71 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 400.00 feet, a central angle of 26E50'42" and being subtended by a chord which bears S 78E07'35" E, 185.70 feet; THENCE along said curve to the right,a distance of 187.41 feet to a point; THENCE S 64E42'14" E tangent to said curve, a distance of 147.91 feet to a point, said point also being the Point of Curvature of a non-tangent circular curve to the left having a radius of 1255.00 feet,a central angle of 15E55'19" and being subtended by a chord which bears S 07E25'03" W, 347.63 feet; THENCE along said curve to the left,a distance of 348.75 feet to a point; THENCE S OOE32'36" E tangent to said curve, a distance of 501.25 feet to a point, said point also being on the said proposed north right-of-way line of State Highway No.114; THENCE S 89E48'48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 226.72 feet to a capped 1/2" iron pin set; THENCE N 00E11'12" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; Exhibit D to Strategic Partnership Agreement Page 1 THENCE S OOE11'12" E along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 533,394 square feet or 12.245 acres of land,more or less. Tract 3 BEING a 30.414 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT) and a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT (Aperion Tract One-A and Aperion Tract One-B) and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 238.28 feet to a capped 1/2" iron pin set; THENCE N OOE11'12" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114 , a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOE 11'12" E along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E4848" E along the said proposed north right-of-way line of State Highway No.114, a distance of 226.72 feet to the Point of Beginning of the herein described tract; THENCE N OOE32'36" W departing the said proposed north right-of-way line of State Highway No.114, a distance of 501.25 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 1255.00 feet, a central angle of 44E41'36" and being subtended by a chord which bears N 21E48'12" E , 954.33 feet; THENCE along said curve to the right, a distance of 978.96 feet to a point; THENCE N 44E09'00" E tangent to said curve, a distance of 440.50 feet to a point; Exhibit D to Strategic Partnership Agreement Page 2 THENCE S 45E51'00" E, a distance of 173.53 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 122.50 feet, a central angle of 44E35'59" and being subtended by a chord which bears S 68E08'59" E, 92.97feet; THENCE along said curve to the left, a distance of 95.36 feet to a point; THENCE N 89E33101" E tangent to said curve, a distance of 276.39 feet to a point; THENCE S OOE26'59"E, a distance of 768.50 feet to a point; THENCE S 89E33'01" W, a distance of 208.99 feet to a point; THENCE N 42E37'00" W, a distance of 35.75 feet to a point; THENCE S 89E33'O1" W, a distance of 92.01 feet to a point; THENCE S OOE26'59" E, a distance of 476.50 feet to a point; THENCE S 89E33'01" W, a distance of 140.19 feet to a point; THENCE S OOE24'36" E, a distance of 50.00 feet to a point; THENCE S 89E3TO1" W,a distance of 60.58 feet to a point; THENCE S OOE32'36" E, a distance of 275.42 feet to a point, said point also being on the proposed north right-of-way line of State Highway No. 114; THENCE S 89E48'48" W along the said proposed north right-of-way line of State Highway No.114, a distance of 630.48 feet to the Point of Beginning and containing 1,324,829 square feet or 30.414 acres of land, more or less. Tract 5 BEING a 18.269 acre tract of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a portion of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778,Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), and being more particularly described as follows: COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the proposed north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al,by deed recorded in Volume 2906,Page 363 RPRDCT; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a Exhibit D to Strategic Partnership Agreement Page 3 distance of 23 8.28 feet to a capped 1/2" iron pin set; THENCE N OOE 11'12" W along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114 , a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOEI V12" E along the said proposed north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE N 89E48'48" E along the said proposed north right-of-way line of State Highway No.114, a distance of 226.72 feet to a point; THENCE N OOE32'36" W departing the said proposed north right-of-way line of State Highway No.114, a distance of 501.25 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 1255.00 feet, a central angle of 32E43'52" and being subtended by a chord which bears N 15E49'20" E , 707.23 feet; THENCE along said curve to the right, a distance of 716.94 feet to the Point of Beginning of the herein described tract; THENCE N 56E26'33" W, a distance of 341.40 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 470.00 feet, a central angle of 34EO6'03" and being subtended by a chord which bears N 73E2935" W, 275.62 feet; THENCE along said curve to the left, a distance of 279.73 feet to a point; THENCE S 89E27'24" W tangent to said curve, a distance of 32.60 feet to a point; THENCE N OOE32'36" W, a distance of 537.12 feet to a point, said point also being the Point of Curvature of a circular curve to the right having a radius of 668.00 feet, a central angle of 45E28'14" and being subtended by a chord which bears N 22E11'31" E, 516.33 feet; THENCE along said curve to the right, a distance of 530.13 feet to a point; THENCE N 43E51'21" E, a distance of 53.48 feet to a point; THENCE S 45E51'00" E, a distance of 1146.77 feet to a point; THENCE S 44E09'00" W, a distance of 440.50 feet to a point, said point also being the Point of Curvature of a circular curve to the left having a radius of 1255.00 feet, a central angle of 11 ES T44" and being subtended by a chord which bears S 3 8E 10'08" W, 261.54 feet; THENCE along said curve to the left, a distance of 262.02 feet to the Point of Beginning and containing 795,805 square feet or 18.269 acres of land,more or less. Tract 14 BEING Tract 2 of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 of the Real Property Records of Denton County, Texas (RPRDCT) and being more particularly described as follows: BEGINNING at a brass monument in concrete found, said brass monument also being on the Exhibit D to Strategic Partnership Agreement Page 4 south line of said Aperion Tract 2, said brass monument also being on the north right-of-way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract 2 and the north right-of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract 2 and the north right-of- way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-ROO20408 RPRDCT; THENCE N 44E26'31" E along the west line of said Aperion Tract 2 and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'09" E along the east line of said Aperion Tract 2 and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit D to Strategic Partnership Agreement Page 5 Exhibit G STATE OF TEXAS COUNTY OF DENTON NOTICE CONCERNING ANNEXATION AND SERVICES The real property described in Exhibit A attached hereto and incorporated herein is located in City of Fort Worth Municipal Utility District No. 1 of Denton County, which may subsequently be known as Tradition Municipal Utility District No. 1 of Denton County (the "District"). The District is located wholly within the extraterritorial jurisdiction of the City of Fort Worth. The City does not impose property taxes within the District and is not required by state law to provide police protection, fire protection, road maintenance or any other municipal services to the District. The City of Fort Worth may annex the District for full purposes upon the earliest to occur of: (1) The date construction of water, wastewater, drainage, road and other infrastructure improvements to serve 90%of the District is complete; (2) Dissolution of the District; or (3) December 13, 2020. For additional information concerning potential annexation of the District, contact the City of Fort Worth Development Director. CITY OF FORT WORTH MUNICPAL UTILITY DISTRICT NO. 1 OF DENTON COUNTY By: Name printed: Title: Exhibit G to Agreement Concerning Creation and Operation Page 1 STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me, on the_day of , 2006, by President, Board of Directors of , on behalf of said district. Notary Public, State of Texas Printed Name: My Commission Expires: [SEAL] After recording, return to: Water Director City of Fort Worth 1000 Throckmorton Fort Worth, Tx. 76102 Exhibit G to Agreement Concerning Creation and Operation Page 2 Exhibit A BEING a 431.303 acre tract of land comprised of two separate tracts of land in the G. Cardinas Survey, Abstract No. 214, situated in Denton County, Texas and being a combination of that tract conveyed to Alliance 161 Investments by deed recorded in Volume 2778, Page 958 of the Real Property Records of Denton County, Texas (RPRDCT), a portion of those tracts conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2004-11913 RPRDCT(Aperion Tract One- A and Aperion Tract One-B) and a portion of that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT and being more particularly described as follows: Tract 1 BEGINNING at a capped 5/8" iron pin found, said iron pin also being on the north right- of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N OOE32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89E39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906,Page 363 RPRDCT,a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One-A; THENCE N OOE2244" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One-A, a distance of 1294.80 feet to a capped 1/2" iron pin set; THENCE S 86E14'27" E, a distance of 222.13 feet to a capped 1/2" iron pin set; THENCE S 52E34'22"E, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE S 44E08'03" E, a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE S 65E58'36" E, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 90E00'00" E, a distance of 773.31 feet to a capped 1/2" iron pin set; said capped 1/2" iron pin set also being on the east line of said Aperion Tract One-A and the west line of that tract conveyed to Ferbro Investments, LLC by deed recorded under County Clerk's File No. 97-0003605 RPRDCT; Exhibit A to Exhibit G to Agreement Concerning Creation and Operation Page 3 THENCE S OOE07'20" E along the east line of said Aperion Tract One-A and the west line of said Ferbro Investments tract, a distance of 857.55 feet to a 1/2" iron pin found, said iron pin being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93- R0020408 RPRDCT; THENCE S 44E23'02" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract a distance of 2256.14 feet to a 5/8" iron pin found; THENCE N 47E15'51" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 24.73 feet to a 5/8" iron pin found; THENCE S 44E2742" W along the east line of said Aperion Tract One-A and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1121.43 feet to a brass monument in concrete found, said brass monument also being on the said north right-of-way line of State Highway No.114; THENCE S 89E47'36" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 286.33 feet to a brass monument in concrete found; THENCE S 84E30'09" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 703.04 feet to a brass monument in concrete found; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 1249.97 feet to a capped 1/2" iron pin set; THENCE N OOE11'12" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 250.00 feet to a capped 1/2" iron pin set; THENCE S OOE 11'12" E along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 15.00 feet to a capped 1/2" iron pin set; THENCE S 89E48'48" W along the south line of said Aperion Tract One-A and the north right-of-way line of State Highway No.114, a distance of 238.28 feet to the Point of Beginning and containing 16,728,840 square feet or 384.041 acres of land, more or less. Exhibit A to Exhibit G to Agreement Concerning Creation and Operation Page 4 Tract 2 BEGINNING at a brass monument in concrete found, said brass monument also being on the south line of said Aperion Tract One-B, said brass monument also being on the north right-of-way line of State Highway No. 114, said brass monument also being on the west line of a tract conveyed to Ferbro Investments by deed recorded under County Clerk's File No. 97-0003605 RPRDCT THENCE S 89E46'48" W along the south line of said Aperion Tract One-B and the north right-of-way line of State Highway No.114, a distance of 1072.97 feet to a brass monument in concrete found; THENCE N 86E29'44" W along the south line of said Aperion Tract One-B and the north right-of-way line of State Highway No.114, a distance of 900.20 feet to a brass monument in concrete found, said brass monument also being on the southeasterly line of a tract conveyed to The Atchison, Topeka and Santa Fe Railway Company by deed recorded under County Clerk's File No. 93-R0020408 RPRDCT; THENCE N 44E26'3I" E along the west line of said Aperion Tract One-B and the southeasterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 2809.53 feet to a 5/8" iron pin found, said iron pin also being on the west line of said Ferbro Investments tract; THENCE S OOE07'O9" E along the east line of said Aperion Tract One-B and the west line of said Ferbro Investments tract, a distance of 2056.80 feet to the Point of Beginning and containing 2,058,725 square feet or 47.262 acres of land,more or less. Exhibit A to Exhibit G to Agreement Concerning Creation and Operation Page 5 Exhibit H ASSIGNMENT AND ASSUMPTION AGREEMENT THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Assignment") is made and entered into as of the day of , between a ("Assignor"), and , a ("Assignee") (Assignor and Assignee are hereinafter sometimes collectively referred to as the"Parties" and singularly as a"Parry"). RECITALS: A. Assignor is the owner of the rights of the Owner under that certain "Agreement Concerning Creation and Operation of City of Fort Worth Municipal Utility District No.1 of Denton County" (City Secretary Contract No. , M & C - (the "Agreement") effective as of , among Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, collectively and individually as Owner, the City of Fort Worth, Texas, as the City, and the City of Fort Worth Municipal Utility District No. 1 of Denton County, as the District, relating to the creation and operation of the District, to the extent that the Agreement covers, affects, and relates to the lands described on Exhibit A attached to and made a part hereof of this Assignment for all purposes (the"Transferred Premises"). B. Assignor desires to assign certain of its rights under the Agreement as it relates to the Transferred Premises to Assignee, and Assignee desires to acquire such rights, on and subject to the terms and conditions of this Assignment. NOW, THEREFORE, in consideration of the premises, the mutual covenants and obligations set forth herein, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the Parties hereby agree and act as follows: 1. Certain Defined Terms. Unless indicated otherwise herein, capitalized terms in this Assignment shall have the same respective meanings as are ascribed to them in the Agreement. 2. Assignment. Subject to all of the terms and conditions of this Assignment, Assignor hereby assigns all [or describe specifically assigned rights if partial] of its rights under the Agreement, insofar as the Agreement covers, affects, and relates to the Transferred Premises. 3. Assumption. Assignee hereby assumes all obligations of Assignor and any liability that may result from acts or omissions by Assignee under the Agreement as it relates to the Transferred Premises that may arise or accrue from and after the effective date of this Assignment, and Assignor is hereby released from all such obligations and Exhibit H to Agreement Concerning Creation and Operation Page 1 liabilities from and after the effective date of this Assignment; provided, however, this Assignment does not release Assignor from any liability that resulted from an act or omission by Assignor that occurred prior to the effective date of this Assignment unless the City approves the release in writing. 4. Governing Law. THIS ASSIGNMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. 5. Counterpart/Facsimile Execution. This Assignment has been prepared in multiple counterparts, each of which shall constitute an original hereof, and the execution of any one of such counterparts by any signatory shall have the same force and effect and shall be binding upon such signatory to the same extent as if the same counterpart were executed by all of the signatories. Facsimile copies of signatures may be appended hereto with the same force and effect as legally delivered original signatures. 6. Notice to City. A copy of this Assignment shall be provided to the City within fifteen(15) days after execution. 7. Binding Effect. This Assignment shall be binding upon and shall inure to the benefit of Assignor and Assignees and their respective heirs,personal representatives, successors, and assigns. EXECUTED as of the day and year first above written. ASSIGNOR: 1 1 By: Printed Name: Title: ASSIGNEE: [ 1 By: Printed Name: Title: Exhibit H to Agreement Concerning Creation and Operation Page 2 STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of 2005, by Notary Public, State of Texas STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the day of ,2005, by Notary Public, State of Texas [Add Acknowledgments] Exhibit H to Agreement Concerning Creation and Operation Page 3 EXHIBIT "A" The Transferred Premises Exhibit A to Exhibit H to Agreement Concerning Creation and Operation Page 4 Papae 1 of 2 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 12/13/2005 DATE: Tuesday, December 13, 2005 LOG NAME: 60TRADITION REFERENCE NO.: C-21198 SUBJECT: Approval of Strategic Partnership Agreement, Development Agreement, Tradition Project Special Regulations Agreement, and Agreements Concerning Water and Wastewater Service for the First Phase of the Tradition Development RECOMMENDATION: It is recommended that the City Council authorize the City Manager or a designee to execute the following agreements: 1. Strategic Partnership Agreement between the City and Fort Worth Municipal Utility District No. 1 of Denton County (the "District"); 2. Development Agreement between the City and Aperion Communities, LLLP, Eladio Properties, LLLP and Drooy Properties, LLLP ("AED"); 3. Tradition Project Special Regulations Agreement between the City and AED; 4. Superseding Agreement Regarding Water and Wastewater Utility Service between the City, Aqua Utilities, Inc., AED and the District; 5. Buy-Out Option Contract between the City, Aqua Utilities, Inc., AED and the District; 6. Memorandum of the Buy-Out Option Contract; 7. Agreement for Sale of Treated Water between the City and Aqua Utilities, Inc.; and 8. Wholesale Wastewater Service Agreement between the City and Aqua Utilities, Inc. DISCUSSION: AED owns and intends to develop approximately 2,663 acres in Denton County in Fort Worth's extraterritorial jurisdiction as a mixed-use development to be known as "Tradition". AED intends to develop the southernmost 431 acres as the first phase (the "Development") and has requested that the City Council consent to creation of a municipal utility district over the Development. (M & C C-21197). The documents listed above, which have been provided to the City Council and are available for public inspection and copying in the City Secretary's Office, can be summarized as follows: The Strategic Partnership Agreement authorizes the City to annex approximately 107 acres within the Development designated for commercial development for the limited purpose of imposing sales and use tax. The agreement provides that the City and the District will divide the sales tax proceeds equally for the first 19 years after annexation. The City's share will increase to 75% in year 19. http://www.cfwnet.org/council_packet/Reports/mc_print.asp 8/1/2007 Page 2 of 2 The Development Agreement provides for the enforcement of municipal building codes and establishes land use and development regulations for the Development. Special Regulations, which govern design issues such as block lengths and street, right-of-way and sidewalk widths, are attached to the agreement as Exhibit E. The Tradition Project Special Regulations Agreement provides that the Special Regulations attached to the Development Agreement as Exhibit E will be deemed to be incorporated in any other development agreements for the remainder of Tradition for the next 10 years. The agreement recognizes that approval of any future development agreements for Tradition is within the sole discretion of the City Council. The five remaining agreements identified as items 4 through 8 above relate to utility service for the Development. Aqua Utilities will provide the retail water and wastewater service to customers within the Development through an operations contract with the District which will finance and own the facilities. The agreements provide for the City to sell treated water service and wastewater service to Aqua Utilities. The City has the option to purchase the water and wastewater facilities in the Development from Aqua Utilities for $10 and to become the retail provider at any time after 17 years and within 15 to 17 years if the City annexes during that period. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that approval of this Agreement will not require the expenditure of City funds. TO Fund/Account/Centers FROM Fund/Account/Centers Submitted for City Manager's Office by: Marc Ott (8476) Originating Department Head: S. Frank Crumb (8207) Additional Information Contact: S. Frank Crumb (8207) http://www.cfwnet.org/council_packet/Reports/mc_print.asp 8/1/2007 COATS I ROSE LESLIE ANNE CODE lcode@coatsruse.com Direct Dial (972)982-8457 Facsimile (972)982-8451 June 19, 2007 VIA COURIER Ms. Allison Gray Senior Planner, City of Fort Worth 1000 Throckmorton Street Fort Worth, Texas 76102 Re: Tradition Municipal Utility District No. 1 of Denton County f/k/a City of Fort Worth Municipal Utility District No. 1 of Denton County Dear Ms. Gray: Enclosed please find the following fully executed original documents: 1. Buy-Out Option Contract (7 originals); 2. Memorandum of Buy-Out Option Contract (8 originals); 3. Superseding Agreement Regarding Water and Wastewater Utility Service (6 originals); and 4. Agreement Concerning Creation and operation of City of Fort Worth Municipal Utility District No. 1 of Denton County(4 originals) I have retained one original of each of the documents above for the Districts records. On a related matter, the District conducted its first public hearing on the Strategic Partnership Agreement on May 31, 2007 and we are currently scheduling the next hearing. I will advise you of the date of the hearing once we have it confirmed. Thank you for your assistance in this matter and please feel free to contact me if you have any questions. Sincerely, Wo,aQ_(L�u- Leslie Anne Code Legal Assistant Enclosures COATS I ROSE I YALE I RYMAN I LEE A Professional Corporation Two Lincoln Centre,5420 LBJ Freeway,Suite 1300 Dallas,Texas 75240 Phone:972-982-8450 Fax:972-982-8451 Web:www.coatsrose.com 970281.1/005743.000007/LCODE