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R-2023-120 - 4/27/2023 Resolution No. R-2023-120 TWDB-0201A Rev 11/16 Application Filing and Authorized Representative Resolution A RESOLUTION by the City Council of the City of Round Rock, Texas requesting financial assistance from the Texas Water Development Board; authorizing the filing of an application for assistance; and making certain findings in connection therewith. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS SECTION l: That an application is hereby approved and authorized to be filed with the Texas Water Development Board seeking financial assistance in an amount not to exceed $901450,000 to provide for the costs of the BCRUA project,induding construction of the phase ID treatment giant expansion,the Phase 2 raw water delivery system and electrical utility improvements for Phase 2 raw water pump SECTION 2: That Laurie Hadley, City Manager be and is hereby designated the authorized representative of the City of Round Rock, Texas for purposes of furnishing such information and executing such documents as may be required in connection with the preparation and filing of such application for financial assistance and the rules of the Texas Water Development Board. SECTION 3: That the following firms and individuals are hereby authorized and directed to aid and assist in the preparation and submission of such application and appear on behalf of and represent the City of Round Rock, Texas before any hearing held by the Texas Water Development Board on such application,to wit: Financial Advisor: Garry Kimball Specialized Public Finance Inc. Engineer: Aaron Archer Walker Partners Bond Counsel: Richard Donoghue McCall, Parkhurst& Horton L.L.P. PASSED AND APPROVED,this the 27th day of April,2023. ATTES By: 0/1 14 D Of- Of O �'► >- TWDB-0201 B Rev IL 16 Application Resolution - Certificate of City Clerk THE STATE OF TEXAS § COUNTY OF Williamson and Travis _ § APPLICANT City of Round Rock § I,the undersigned,City Clerk of the City of Round Rock _ Texas,DO HEREBY CERTIFY as follows: 1. That on the 27th day of Apri I ,20 23 ,a regular meeting of the City of Round Rock, Texas was held;the duly constituted members of the City Council being as follows: Mayor Craig Morgan;Michelle Ly;Rene Flores(Mayor Pro Tem);Matthew Baker;Frank Ortega;Kristin Stevens;Hilda Montgomery all of whom were present at the meeting,except the following: NIA Among other business considered at the meeting,the attached resolution entitled: "A RESOLUTION by the City Council of the City of Round Rock,Texas requesting financial participation from the Texas Water Development Board;authorizing the filing of an application for financial participation;and making certain findings in connection therewith." was introduced and submitted to the City Council for passage and adoption. After presentation and consideration of the resolution,and upon a motion made by Mayor Pro-Tem Rene Flores and seconded by Council Member Frank Ortega ,the resolution was passed and adopted by the City Council by the following vote: 7 voted"For" 0--voted"Against" 0 abstained all as shown in the official minutes of the City Council for this meeting. 2. That the attached resolution is a true and correct copy of the original on file in the official records of the City of Round Rock,Texas ;the qualified and acting members of the City Council on the date of this meeting are those persons shown above and,according to the records of my office,advance notice of the time,place,and purpose of meeting was given to each member of the City Council -_ ;and that the meeting,and the deliberations of the public business described above,was open to the public and written notice of the meeting, including the subject of the resolution described above,was posted and given in advance of the meeting in compliance with the provisions of Chapter 551 of the Texas Government Code. I WITNESS WHEREOF, I have signed my name and affixed the sea of + the ,this thee`--+day of (�I 920 D RO a• 7` City Clerk (SEAL) • .r` TWDB-0201 Rev 2123 Application Affidavit THE STATE OF TEXAS § COUNTY OF Williamson and Travis APPLICANT City of Round Rock § BEFORE ME,the undersigned,a Notary Public in and for the State of Texas,on this day personally a eared Laurie Hadley p y pp as the Authorized Representative of the City of Round Rock, Texas who being by me duly sworn,upon oath says that: 1 Th decision h City of Round Rock, Texas .e dec s on byte (authority,city,county, corporation,district)to request financial assistance from the Texas Water Development Board("TWDB")was made in a public meeting held in accordance with the Open Meetings Act(Government Code,§551.001,et seq,) Texas and after providing such notice as required by such Act as is applicable to the City of Round Rock, (authority, city,county,corporation,district). 2. The information submitted in the application is true and correct according to my best knowledge and belief. 3. Th City of Round Rock, Texas e (authority,city,county,corporation,district)has no litigation or other proceedings pending or threatened against it that would materially adversely affect its financial condition or ability to issue debt. 4 Th City of Round Rock, Texas e (authority,city,county,corporation,district) has no pending,threatened,or outstanding judgments,orders,fines,penalties,taxes,assessment or other enforcement or compliance issue of any kind or nature by the Environmental Protection Agency,Texas Commission on Environmental Quality,Texas Comptroller,Texas Secretary of State,or any other federal,state or local government, except for the following(if no such outstanding compliance issues,write in"none"): none 5. The C i ty of Round Rock, Texas (authority,city,county,corporation,district warrants compliance with the representations made in the application in the event that the TWDB provides the financial assistance. 6 The City of Round Rock, Texas (authority,city,county,corporation,district) is or will become in compliance with all of its material contracts. City of Round Rock, Texas 7. The (authority,city,county,corporation,district)will comply with all applicable federal laws,rules,and regulations as well as the laws of this state and the rules and regulations of the TWDB. f / .. 1 Official Representative Title:City Manager SWORN TO AND SUBSCRIBED BEFORE ME,by //adLeuLetagie , on this day of atrial 20 ,���111111 (NOTARY'S SEAL) •‘ GAN $p ��ii I' • <(., '.YP '••., �� Notary Public, P.to of Texas CO Z ':! a OF'��'��• WRD-208a 06-23-2016 STATE OF TEXAS § COUNTY OF Williamson § SURFACE WATER AFFIDAVIT Before me the undersigned notary,on this day personally appeared a person _e1WA ffloiza'w whose identity is known to me.After I administered an oath to him/her,upon his/her oath he/she said: 1. I am over 18 years of age,of sound mind,and capable of making this affidavit. The facts stated in this affidavit are within my personal knowledge and are true and correct. 2. I am an authorized representative of the Cily of Round Rock , an entity that has filed an application for financial assistance with the Texas Water Development Board for a project that proposes the development of a new surface water supply source. 3. Does the applicant possess a Certificate of Adjudication and/or Water Rights Permit(s) issued by the Texas Commission on Environmental Quality or a predecessor agency authorizing the appropriation and use of the surface water needed for the Project? Yes® No❑ Please attach a copy of the Certificate(s)of Adjudication and Water Rights Permit(s). Item attached: Yes® No❑ 4. Does the applicant have the contractual right to use the surface water from an entity that enjoys the right to appropriate and use the surface water needed for the project? Yes� No ❑ Please attach a copy of any draft or executed water supply contract,lease or other legal instrument providing contractual authorization to use the surface water needed for the Project. Item attached: Yes® No❑ 1 WRD-208a 06-23-2016 Please identify the Certificate of Adjudication(s)and Water Rights Permit(s)possessed by the wholesale water provider pursuant to which the contract, lease or other legal instrument has been or will be executed. Certificate of Adjudications: Item attached: Yes❑ No Water Rights Permit(s): See attached. Item attached: Yes® No ❑ Signed the day of 2r7 ,20 Name: Title: Ar AV Mr 07 Sworn to and subscribed before me by elrju., 1611vorly on ry 1.6 gaw r ro 20 AN SP/ 96;t• ei n s Wool' lor. *�40� Ir 7T .�w,�; Notary Public irandr the State of Texas r of��lz�• •..1?40 .•• ``tip [SEAL] My Commission expires: C) )2 2 • • •a 1 EXHIBIT f- SYSTEM WATER AVAILABILITY AGREEMENT $ A-I FOR COLORADO RIVER BASIN NATER B ETVVEEN BRAZOS RIVER AUTHORITY AND CITY OF ROUND ROCK AGREEMENT made and entered into this the 9/4) day of 0,,fv 6i6y- 20010 by and between BRAZOS RIVER AUTHORITY ("Authority"), a river authority of the State of Texas, and CITY OF ROUND ROCK ("Purchaser") of williamson County, Texas. I. RECITALS. Authority owns and operates various lakes in the Brazos River Basin. Authority also has entered into contracts with the United States of America by virtue of which it has obtained the right to utilize for water supply purposes a portion of the usable storage space in various lakes owned and operated by the United States Army Corps of .En ineersAuthority is 0 � authorized by the State of. Texas to store State waters in the lakes owned by Authority and various fakes owned and operated by the United States Army Corps of Engineers in the Brazos river Basin, hereinafter collectively called the "System", and to make such stored waters available for beneficial use. _. Authority is authorized to operate the as a System hydrologic unit Y pursuant to an order of the Texas water-Commission (now Texas Natural Resource Conservation Commission "TNRCC") issued on July 23, 1964 . ("System operation order")_ The Final Determination of All Claims of water Rights in the Brazos River Basin and the San Jacinto-Brazos Coastal Basin Maintained by the Brazos River Authorily, Fort Bend Countv WC.I.D. No. 1 and Galveston Coup Water Authori! ("Final Determination") issued on June 26, 19851 by TNRCC clarified and amplified the System Operation order. under the System Operation order as adjudicated by the Final Determination, Authority is authorized to operate the System as a hydrologic unit to more efficiently utilize the reservoirs that make up the System to make water available to meet the needs of Authority's customers. Authority and Purchaser have entered into certain raw water contracts "tracts (System water Availability Agreement Between Brazos River Authority And City of Round Rock - Lake Georgetown and System Water Availability Agreement Between Brazos River Authority And City of Round Rock --- Lake Stillhouse Hollow) dated contemporaneously herewith pursuant to which Authority has agreed to make available a total of 24,854 acre-feet of water per Fiscal Year from the Sys tem. �- Authority has also acquired the right to divert and use 25,000 acre-feet of water per year from the Colorado River Basin made available from the Lower 0 0 01, C'r1-/3 1 ALJ �l N 1 u Colorado River Authority (LCRA) under the Water Sale Contract by and between Lower Colorado River Authority and Brazos River Authority Purchaser", dated October 2000 (LORA Contract) pursuant to the terms of Mouse Bill 1437 of the 76u' Texas Legislative Session and codified under Section 27 of the LCRA Enabling Act. It is from the 25,000 acre-foot of water per year from the Colorado River Basin ( the "LCRA" Water") that Purchaser now wishes to contract for Authority to make available 0,944 acre-feet of water per Calendar Year under the terms and conditions herein provided_ 2. DEFINITIONS. a) The term "Agreement" means this agreement. b) The terra "Agreement Rates" means the "Agreement Water Rate the "Agreement Reserved Water Charge, and. the'"Agreernent inverted Block Rate" for water purchased pursuant to this Agreement as more fully described in Section b, PRICING STRUCTURE, and in Section 7, UNCONDITIONAL NATURE OF PAYMENT OBLIGATION; PRICE, below. c) The term "Area of Lyse" means that certain area in Williamson County that lies outside of the watershed of the Colorado River, but excludes those municipalities which were customers of the Lower Colorado River Autho(ity as of May 20, 1997, and who are located in watersheds of both the Colorado and Brazos Rivers. d) The term "Authority shall mean Brazos River Authority. e) The term "Board" shall mean the Board of Directors of Brazos River Authority. The term "Credit for System Rate Recovery' or "CSRRTo means the credit described in Section T. (c.) of this Agreement. g) The term `Cost Recovery Fee" or"CRF" means the fee described in Section 7. (b) (3) of this Agreement. h) The term "Federal contracts" shall mean those contracts with the United States of America whereby Authority has acquired, is acquiring, or may acquire conservation storage capacity in Federal Reservoirs. r The term "Federal Reservoirs"shall include the following: Aquilla Dam and Reservoir Belton Earn and reservoir Georgetown Dara and Reservoir Granger Cham and Reservoir Proctor Dam and Reservoir Somerville Dam and Reservoir . Stillhouse Follow Dara and Resew' oir Whitney Dam and Reservoir j) The term "Fiscal Year" shall mean Authority's fiscal year from September 1 through August 31, or such other annual fiscal year period as Authority may later d6terrnine. k). The term "highest Lawful Rate" shall mean the max murn rate which Authority may charge on obligations payable under this Agreement without 2 .t violation of any applicable law or any applicable lawful*regulation of any agency of the State of Texas or of the United States having jurisdiction of the matter. 1) The term "Industrial Use' shall mean the use of water in processes designed to convert materials of a lower order of value into forms having greater usability and commercial value, including commercial feedlot operations, commercial fish production, and the development of power by means other than hydroelectric. gym) The term 'Irrigation Use" shail mean the use of water for the irrigation of crops, trees, and pastureland, including, but not limited to, golf courses and parks which do not receive water through a municipal distribution system. n) The term "LCRA" means Lower Colorado River Authority_ o) The term "LCRA Contract" means the "Water Sale Contract by and between Lower Colorado River Authority and Brazos River Authority, Purchaser, dated October 2000. p) The term "LCRA Rates" means the LCRA rates and charges for sale of water for municipal purposes as delineated in Section 11. B. of the LCRA Contract. q) The term "LCRA Water" means the 25,000 acre-feet of water per year purchased by Brazos River Authority from LCRA pursuant to House Bill 1 437 of the 761"Texas Legislative Session. r) The term "Mining use" shall mean the use of water for ruining processes including hydraulic use, drilling, washing sand and gravel, and oil field repress uring. s) The term "Municipal Use" shall mean the use of potable water within a community or municipality and its environs for domestic, recreational, commercial, or industrial purposes or for the watering of golf courses, parks and parkways. t) The term "Purchaser" shall mean City of Round Rock. u) The term "System" shall mean Authority's Water Supply System and shall include certain of Authority's facilities and properties insofar as they are related to snaking water available from the System, to wit, as follows: Morris Sheppard Dam and Possum Kingdon, Reservoir, -DeCordova Bend Dara and Lake Granbu , Sterling CRobertson Darn and Lake Limestone Authority's rY 9 . o - ty conservation storage in the Federal Reservoirs and the LCRA Water obtained pursuant to the LCRA Contract, together with all future extensions, improvements, enlargements, and additions to and replacements of the System, and all replacements thereof whether from surface water supplies, groundwater, or a combination thereof, specifically added to the System by resolution of the Board: provided that, notwithstanding the foregoing, the terra System shall not include (i) any of Authority's facilities and properties not specifically included in the System by the terms of this Agreement or not added by a subsequent resolution of the Board, and (H) any water supply, Wastewater or other facilities which have been or are declared not to be a part of the System and which may be acquired or constructed by Authority with the proceeds from the issuance of - "Special Facilities Bonds," which are hereby defined as being special revenue 3 . obligations of Authority which are not secured by or payable from the revenues of the System but which are secured by and payable solely from special contract revenues or payments received from any persons or other legal entity or entities in-connect.ion-wi.th-suciz-special.faciaities.----- v) The term "Systenn Agreements" means those certain raw water contracts titled System Water Availability Agreement Between Brazos River Authority and City of Round Rock -- Lake Georgetown10and "System Water Availability Agreement Between Brazos River Authority and city of Round Rock— Lake Stillhouse Hollow", dated contemporaneously with this Agreement herewith. w) The term "System Operation order:' shall mean that certain order of the TNRCC or its predecessor dated July 23, 1964, as adjudicated by order of ` the TNRCC or its predecessor on June 20, 1985, in the Final Determination of all Claims of Water Rights in the Brazos River Basin and the San Jacinto-Brazos Coastal Basin Maintained by the Brazos River- Authority, Fort Bend County W.C.I.D. No. 1 and Galveston County Water Authority. x) The term "System Rate" or "SR" shall mean the rate per acre-foot of water established by Authority from time to time under its system-wide pricing methodology. y) The term "Total Annual Budgeted System costs" shall mean the amounts approved by Authority as estimated costs of the System in the annual budgets adopted by Authority for a given Fiscal Year including, without limitation, amounts budgeted to meet Annual System Operation and Maintenance Expenses and Annual Capital Related Costs. p P The term "Total System Billing Units" shall mean the total amount of water (expressed in acre-feet) determined by Authority under accepted engineering practice as necessary to be reserved from firm yield produced by storage in the System to fulfill its commitments for which Authority receives payment under long term (in excess of five years) water sales contracts with Purchaser and Authority's other customers; provided, however, such term shall not include amounts,of water required by appropriate governmental authority to be reserved in the System for use for bay and estuary purposes, in-stream uses, or for other similar environmental, public, or other beneficial uses to the extent Authority is not adequately compensated for any such requirement. 3. . EFFECTIVE DATE. The effective date of this Agreement is September 1, 2001. 4. AVAILABILITY OF WATER. While. this Agreement remains in force, Authority agrees to make available to Purchaser an amount of water not to exceed 6,944 acre-feet of water per Calendar Year under the following conditions: a) Notwithstanding anything herein to the contrary, Authority's obligation to make water available to Purchaser under this Agreement is subject to, and.#united by, the rights of Authority to obtain the LORA Water pursuant to the LORA Contract_ Purchaser acknowledges that Purchaser has received a copy of the LCRA Contract and is familiar with the rights of Authority thereunder, and the limitations on Authority's rights thereunder to obtain the LORA Water. b) Authority may interrupt or curtail the water supplied to Purchaser r under this Agreement to the extent Authority experiences interruption or curtailment of water supplied to it under the LCRA Contract for any reason. c) Water supplied under this Agreement shall only be used within the Area of Use. d) Purchaser acquires no property fights in the water made available to it under this Agreement beyond the right to have the water made available to it for diversion and use under the terms of this Agreement. This right of use extends to direct reuse (flange to flange) of the water made available under this Agreement. Purchaser represents, and Authorityrelies on such representation, that all water to be made available by Authority under this Agreement to Purchaser shall be used solely for municipal purposes. 5. PRICING STRUCTURE a) The pricing structure for water rates under this Agreement is dependent upon the pricing structure of water made available to the Authority under the LORA Contract unless or until the Authority's System Rate exceeds the price derived from the formula provided for price calculation in Section. 7, below. tY Y At such time, the price under this Agreement shall be the Authori 's S stern Rate. b) The LCRA Water is provided to Authority under the LCRA Contract pursuant to the follow-ng pricing structure: (1) The "Water Rate" for LORA Water is charged for water diverted and used during a calendar year. The current Water Rate is $105.00 per acre-foot of water per year. (2) The "Reserved Water Charge" for LCRA Water is charged for water under contract but not diverted and used during a calendar year. The Reserved Water Charge is 5Q% of the Water Rate, or currently $52.50 per acre- foot of water per year. (3) The "Inverted Block Rate" for LCRA Water is charged for all water used in excess of the total contractual amount and is currently $200.00 per acre-foot of water per year. (4) The "Conservation Charge" for LCRA Water is currently 25% of the Water Rate, the Reserved Water Charge, or the Inverted Block Rate, as applicable. (5) The current "Total LCRA Rates" for LORA Water are as follows: (a) The Total LIRA Water Rate" is the Water Rate + the Conservation Charge, currently$131.25 an acre-foot. (b) The "Total LORA Reserved Water Charge of is the Reserved Water Charge + the Conservation Charge, currently $65.63 an acre- foot. (c) The "Total LCRA Inverted Block Rate"' is the Inverted Block Rate + the Conservation Charge, currently bn acre-foo9 y t. 5 Cz - �.. y + + r d) The Authority makes water available to Purchaser under this Agreement pursuant to the following pricing structure: (1) The "Agreement Reserved Water Charge„ for all water agreed to be made available under this Agreement whether or not it is diverted and used during a calendar year. The current Agreement Reserved Water Charge is $49.22 per acre-foot of water per year, the calculation for which is set out in Section 7.c., below. (2) The "Agreement Water Rate" for only water that is diverted and used during a calendar year. The Agreement water Rate equals the Agreement Reserved water charge and is in addition to the Agreement Reserved Water Charge. 3) The "Agreement Inverted Block Rate' for water used in excess of the amount agreed to be made available under this Agreement. The Agreement Inverted Block Rate equals the Total LCRA Inverted Block Rate. X. DATE AND PLACE OF PAYMENTS. a) Payments to be made hereunder shall be- made at Autho;�y's office in Waco, McLennan County, Texas. Authority contemplates that by. September I of each Fiscal Year it will have adopted budgets for Authority for said Fiscal Year and established the System Rate acid the Agreement Rates for said Fiscal Year. Payments for each Fiscal Year may be made.under one of three payment options from which Purchaser will select at the beginning of each Fiscal Year. The payment due at the beginning of each Fiscal Year will be for the water agreed to be provided during the next calendar year, and sell be based on the Agreement Reserved water charge. -:,Annual payments for water provided at the Agreement Reserved water charge shall be made on.or before September 15 each Fiscal Year_ Quarterly payments shall be made on or before September 15, December 15, March 15, and June 15 each Fiscal Year. Monthly payments shall be made on or before the fifteenth of each month each Fiscal Year. Quarterly payments or monthly payments shall include a multiplier to be. applied to the annual payment to allow Authority to recover interest lost on any unpaid balance plus a service charge for administrative costs, including but not limited to costs involving the billing, accounting* and collecting for the quarterly or monthly payments. The multiplier to recover lost interest revenue and the service charge for administrative costs shall be determined on an annual basis and shall be just and reasonable. If the effective date of this Agreement is other than January 1, the amount of water available to Purchaser and the payment owed by Purchaser will be prorated for the remaining months of the calendar Year, 2001. b) The charge for any water actually diverted and used during the next calendar year will be billed to Purchaser on a monthly basis based on actual diversion and usage for the previous month at the Agreement Water Rate. c) Purchaser may elect to defer payment of its obligations for water purchased pursuant to Agreement reserved Water Charges by providing Authority notice of such election in writing within 60 days from the date of 6 ,- .--- arm M ~- execution of this Agreement. In no instance shall the deferral terms extend beyond the initial ten years of this Agreement. If Purchaser selects deferred payment, the following structure will be used: (1) Years 1-2; Purchaser will receive a credit of 50% of the Agreement Reserved Water Charge. (2) Years 3A; Purchaser will receive a credit of 25/0 of the Agreement Reserved water Charge, (3) Years 5-5; Purchaser will receive no deferral of the Agreement Reserved water Charge. (4) Year 7; Purchaser will pay 125% of the Agreement Reserved Water Charge. (5) Years 8-9; Purchaser will pay 150% of the Agreement Reserved water Charge. (0) Year 10; Purchaser will pay the remaining outstanding deferred balance plus 100% of the current yea's Agreement Reserved water Charge. Notwithstanding anything herein to the contrary, in the event the differed payments calculation yields a rate that is less than the then current Authority ty System Rate, the full Systern Rate will be the rate charged for that Fiscal Year's payment. Unpaid balances will- accumulate interest based on actual Authority interest rates earned on the Authority's investments. The Authority's interest rate will be the Authority's average annual portfolio yield plus 0_5 percent per annum for administrative costs. Interest charges will be assessed on an annual basis using simple interest, compounded annually. 7. UNCONDITIONAL NATURE OF PAYMENT OBLIGATION; FRIG. a) Purchaser unconditionally agrees to pay Authority in accordance with the terms of this Agreement for the water agreed to be made available to Purchaser from the LCRA Water pursuant to this Agreement. b) The Agreement Rates are derived using the following components: (1) The Authority's System Rate (currently $26.00per acre-foot of water per year). (2) The Total LCRA Water Rate, Total LCRA Reserved Water Charge, or Total LCRA inverted Block Rate (as defined in Section 5.b.(5), above). (3) The "Cost Recovery Fee" (the applicable Total LCRA Rate minus the Authority's System Rate minus the Credit for System Rate Recovery). c) The "Credit for System Rate Recovery C it a 25% discount from the Total LORA Water Rate or the Total LORA Reserved Water Rate, but not from the Total LCRA Inverted Block Rate).The Agreement Reserved Water 7 'S Charge (ARWC) is the System Rate plus the Cost Recovery Fee. Using current components: the Agreement Reserved Water Charge is derived as follows: ARWC = SR + CRF ARWC = $26.00 + (Total LORA Reserved Water Charge -- SR -- CSRR) ARWC = $26.00 + ($65.63 - $26.00--$16.41) ARWC = $26.00 + $23.22 ARWC = $49.22 d) The Agreement Water Rate is equal to the Agreement Reserved Water Charger currently $49.22, and is in addition to the Agreement Reserved Water Charge. e) The Agreement Inverted Block Rafe is equal to the Total LCRA Inverted Block Rate, currently $250.00. 0 Authority may, and it specifically reserves the right to, revise the Agreement Rates from time to time (usually prior to the start of each Fiscal Year) to reflect changes in the System Rate and the LORA Rates. Authority shall not increase the Agreement Rates other than on a Fiscal Year basis except for unforeseeable reasons of a serious and substantial nature. Such reasons include Force Majeure, government legislation or regulation,9 g permit requirements, or changes in the LCRA Rates. g) Notwithstanding anything herein to the contrary, in the event the Agreement Rates calculation yields a rate that is less than the then current Authority System Rate, the System Rate will be the Agreement Rates_ 8. SOURCE OF PAYMENTS. The payments to be made hereunder by Purchaser shall constitute operating expenses of Purchaser's water works system or Purchaser's combined water works and sewer system. Purchaser shall charge rates for.services of its water works system or its combined water works and sewer systems that will be sufficient to pay the operating and maintenance expenses thereof, including the payments provided for hereunder, and the interest on and principal of, as the same come due and mature obligations issued by Purchaser now or hereafter payable from the revenues of said system or systems. 9. INTEREST ON PAST DUE PAYMENT; COLLECTION. 1n the event of failure of Purchaser to make any payment to Authority provided to be made in this Agreement at the time when same shall be due, the past due . payment shall bear interest at the lesser of the highest rate allowed by applicable law or 18 percent per year. Regardless of any other provision contained in this Agreement, Authority shall never be entitled to receive, collect, oraRp Y l as interest under this Agreement any amount of money determined at a rate which exceeds the Highest Lawful Rate. If Authority ever charges, receives, collects or applies as interest an amount in excess of that permitted by application lication of the Highest Lawful Rate, then any such amount which would be excessive interest shall be deemed a partial prepayment of amounts payable under this Agreement which do not constitute interest and shall be treated hereunder as such; and if all 8 . yam.^ • r. �ai �• . other obligations payable under this Agreement shall have been paid in full then Authors shall refund the amount# of such excessive interest. 10. REMEDIES FOR NONPAYMENT OR DEFAULT. Should Purchaser fait to make any payment to Authority when due hereunder or otherwise be in default under this Agreement, Authorityat its sale option a ' p and to addition to and without impairing any other remedy available to it on account of the default, may elect to either (i) suspend its duty to make available water Purchaser under this Agreement or (ii) terminate this Agreement, b providing g y p tng written notice of such suspension or termination delivered to Purchaser on or before 30 days before the date specified in said notice of SLIs ension o P r termination, provided that the nonpayment or other default with respect to which notice of suspension or termination of this Agreement has beeniven shall not # be cured by the date specified in such notice. Nothing 9 in this Agreement shall be construed in any manner so as to abridge, limit, or deprive either �Y a hereunto P of any means which it would otherwise have of enforcingright or remedy any g y either in taw or in equity for breach of ars of the provisions hereof- 11. ereo Y p f_ 1 1. REMEDIES FOR OVERUSE. Purchaser recognizes that an diversion • g � :y of water in excess of its contractual amount may impact Authority's . . ty ability to make available water to Authority's other raw water customers. Purchaser agrees that if for any reason it needs to exceed the contractual annual amount of water to be made available to it under this Agreement, Purchaser will � give written notice to Authority 3g days in advance of the need fc�,...__ Y r such additional water and in such notice will state the reason for the additional need, the amount of water needed to be made available, and the duration of the need. Authority, in its sole discretion, may make all or a portion of the requested water available. Should Authority determine that it can make all orap ortion of the requested treater available without adversely impacting its ability to make water available to its other customers, Purchaser agrees topay a for such water to be made available in advance at a .rate that is equal to the then current Agreement Inverted Slack Rate. Should Purchaser fail to notify Authority of its need for additional water to be made available, and exceed the contractual annual amount of water to be made available to it, or should Purchaser, after notification of Authority and Authority's determination that additional water is not available for Purchaser's use, nonetheless exceed the contractual amount of water to be made available to it, Authority may cancel this Agreement by providing writen notice ce of such cancellation delivered to Purchaser on or before thirty 30days before the date specified to said notice of cancellation. Nothing in this Agreement shall be construed in an manner so as to abridge, y limit, or deprive either party hereunto of any means which it would 9 otherwise have of enforcing any right or remedy either in laver or in equity for breach of any of the provisions hereof. 12. FACILITIES. All new facilities that are located in the Area of Use that are used to transport raw water that is purchased pursuant to this Agreement exclusively may be owned and operated by LCRA, at its sole option. All new facilities or all substantial expansions to facilities that are located in the Area of Use #hat treat water or transport treated water that is purchased pursuant to this Agreement and that are constructed by BRA or LCRA shall be Brazos--Colorado ' � such projects. The LCRA may own, at its sole option, a portion of any S facilities that is commensurate with the percentage that LORA water (Le., water supplied under the LCRA Contract) bears to the total amount of water supplied by BRA and LCRA for treatment or transportation by such facilities. For example, if twenty-five percent (25%) of the water used at an Alliance facility is supplied by LCRA under the LORA Contract, the LCRA may own twenty-five (25%) percent of that facility_ All such facilities in the Area of Use, however, shall be operated by BRA. All new facilities and all substantial expansions to facilities that are located in the Area of Use that treat or transport treated water purchased pursuant to this Agreement that are constructed by Purchaser may be owned and/or operated by Purchaser if such ownership and/or operation is desired by Purchaser. Purchaser acknowledges that the economics of scale and efficiencies of t use made possible by regionalization of water treatment facilities are highly desirable_ Purchaser, therefore, agrees to negotiate in good faith with BRA and LCRA to maximize the potential for regionalization of water treatment and transportation facilities, either new facilities or'substantial expansion of facilities, located in the Area of Use used to treat or transport water that is purchased pursuant to this Agreement. 13. METERING. Purchaser agrees that, at its sole cost and expense, it shall install, operate and maintain meters for the accurate measuring of all water diverted b Purchaser under this Agreement in order to aid Authority in Y accurately reporting actual water usage to the TNRCC as required by applicable law or regulation. Such meter or meters shall' be tested and calibrated for accuracy by and at the expense of Purchaser once each fiscal year at intervals-of approximately 12 months, and a report of such test and calibration shall be furnished to Authority. Authority shall be given at least two prior days notice of the time of any test and calibration of Purchasers meters, or any of there, and Authority shall have the right to have a representative present at each test to observe the test and any adjustments found thereby to be necessary. Authority shall have the right to inspect and check the accuracy of Purchaser's meter or meters at any time during usual business hours after not less than one nor more than five (5) days notice. In the event any question arises at any time as to the 10 ' r accuracy of any such meter, such meter shall be tested promptly upon demand : of Authority, the expense of such test to be borne by Authority if the meter is found to be correct and by Purchaser if it is found to be incorrect. Readings within 2% of accuracy, plus or minus, shall be considered correct. If, as a result of any test, any meter is found to be registering inaccurately (i.e., in excess of 2% of accuracy, plus r u p s o minus), the readings of such meter shall be corrected at the rate of its inaccuracy for any period which is definitely known and agreed upon, but in case the period is not definitely known and agreed upon, then the shorter of the following periods shall be used as the basis for correction= a) a period extending back either 60 days from the date of demand for the test or, if no demand for the test was made, 60 days from the date of the test; or b) a period extending back half of the time elapsed since the last previous test; and the records of readings shall be adjusted accordingly. Following each test of a meter, Purchaser shall cause the same to be calibrated to register accurately. 14_ REPORTING. Purchaser agrees that it will keep accurate records of the daily readings from the meter or meters installed pursuant to Section 1 3., Metering, above_ These records shall be subject to inspection by Authority at reasonable times and places. Purchaser shall submit reports to Authority by the 10th day of each month showing the amount of water diverted under this Agreement each day during the preceding month. 15. SYSTEM AGREEMENT. This Agreement does not affect the rights and obligations of Authority and Purchaser under the System Agreements. 16. CONSERVATION OF WATER. It is the intent of the parties to this Agreement to provide to the maximum extent practicable for the conservation of water, and Purchaser agrees that it is a condition of this Agreement that it small maintain and operate its facilities in a manner that will prevent unnecessary waste of water. Authority, in accordance with applicable law or regulation, may from time to time adopt reasonable rules and regulations relating to water conservation. Purchaser agrees to abide by the "Brazos River Authority Drought ht Contingency Policy" adopted by the Board on January 16, 1989, or any subsequent Drought Contingency Policy duly adopted by the Board and any { Drought Contingency Plans developed under the Drought Contingency Policy. if required by applicable law or regulation or by Authority, Purchaser agrees to implement a water conservation and drought management program in accordance with a water conservation plan and that the water made available and diverted by Purchaser pursuant to this Agreement will be used in accordance with such conservation plan, and with the regulations of the Texas Natural Resource Conservation Commission (or other appropriate regulating authority) applicable to retail public utilities. Purchaser further agrees to make available its water conservation and drought contingency programs to Authority and LCRA for t� PON rt review. If re � required by applicable law or regulation Purchaser agrees that, in the event Purchaser furnishes water or water services to a third party that in turn will furnish the water or services to the ultimate consumer, the requirements relative to water conservation small be met through contractual agreements between Purchaser and the third party providing for the establishment and implementation of a water conservation program in compliance with such applicable law or regulation. If Purchaser fails to comply with its water conservation plan, Authority mays at its sole option terminate this Agreement without recourse unless such default is cured within thirty (30) or, if the nature of such default is not susceptible to being cured within such thirty (30) day period, such longer period of time during 'Which Purchaser diligently prosecutes the cure of such default, not to exceed ninety (90) days of Purchasers receipt of written notice of such default. 17. WATER QUALITY. As a further condition of this Agreement, Purchaser also agrees that it will comply with applicable water quality standards of the State in the diversion, use, reuse, or discharge of water made available hereunder. Should Purchaser be determined by any competent legal authority to have degraded the quality of water of the State or to have violated any water quality standard established by law or lawfully adopted regulation, and subsequently fail to take action with reasonable diligence to correct such deficiency as directed by competent legal authority, such failure shall constitute an event of default under this Agreement. Authority, in accordance with applicable law or regulation, may from time to time adopt reasonable rules and regulations relating to water quality _ _ q fY protection. if required by applicable law or regulation or by Authority, Purchaser agrees to implement appropriate water quality protection measures including, without limitation, a non-point source water pollution abatement program in accordance . with a non--pont source water pollution abatementP Ian. 18. WATER SURPLUS To PURCHASER'S NEEDS. Purchaser-may not unilaterally cancel this Agreement or reduce the amounts of water agreed to be made available to it and for which availability it is obligated to pay under the terms of Sections 4. and 7., above, except as provided in section 20, below. Purchaser may not sell or make available to others the water agreed to be made available to it under this Agreement, except in.the case of municipal uses, as potable treated water. However, should ' P ' h ld Purchaser determine that ,t has water surplus to its anticipated needs from the water to be made available by Authority under this Agreement, Purchaser may not' fy Authority as to the amount of water no longer needed to be made available to it. Authority will use reasonable efforts to find a third party who is able and willing to pa for such availability for period Y tY to the end of this Agreement. If Authority is successful in finding such a third party suitable to it to acquire Purchaser's interest in its available surplus for a period of time to the end of this Agreement, this Agreement will be amended to 12 reduce the amount of water to be made available to Purchaser by the amount of availability paid for by such third party, and Purchaser will be relieved of the obligation to make payments for such availability of water. 19. SHORTAGES. Authority makes no guarantee that any lakes or other sources of supply in the Colorado River Basin will be maintained at any specific level at any particular time. Purchaser bears all transportation losses prior to final diversion. It is fully understood by the parties hereto that the level of lakes or other sources of supply in the Colorado River Basin will vary as a result of weather conditions beyond the control of Authority, and that this instrument is merely an agreement to require Authority to make available water when and if water is available to Authority under the Authority's LCRA Contract, and to allow Purchaser to make withdrawals of the water subject to the general law on distribution and allocation of water during shortages of supply. Authority covenants that it will use its best reasonable efforts to maintain and preserve its rights under the LCRA Contract. If for an reason the availability ty of water to Authority under the LCRA Contract is restricted, impaired, or otherwise limited, Authority agrees, and Purchaser covenants, that Authority may fairly and equitably apportion and ration the available water supply from the LORA Contract among all its several customers receiving water from Authority as a result of the LCRA Contract, including Purchaser. 20. FORCE MAJEURE. Notwithstanding . anything herein to the contrary, neither party hereto shall be under any liability or be deemed in default with respect to its obligations under this Agreement for any failure to perform or for delay in performing such party's obligations hereunder (except for the obligation to pay money) where such failure or delay is due to force majeure, while and to the extent that such performance is prevented by such cause. The term force majeure means acts of God: fire, storm, flood, war, riots, sabotage, drought, lack of availability of water due to sedimentation, low inflows of water to, or lack of water supply in the System or from the Colorado River basin to be made available under the LCRA Contract, strikes or other differences with labor (whether or riot within the power of the parties to settle same), decrees or orders of the courts or other governmental authority, or other similar or dissimilar causes not within the reasonable control of such party and not due to negligence of such party. Each party shall use due diligence to resume performance of any obligation suspended by force majeure at the earliest practicable time. 21. WAIVER. Any waiver at any time by any PartYof its rights with respect to default under this Agreement shall not be deemed a waiver of such rights with respect to any subsequent default or matter. 22- NOTICES AND CERTIFICATIONS. Notices and certifications provided for in this Agreement shall be in writing. The same shall be delivered by 13 ' ma ilin certified mail, postage paid, return receipt requested, to the respective 9 parties at the following addresses: Authority: Brazos River Authority P.0. Box 7555 Waco, Texas 76714-7555 Telephone: (254) 778-14-41 Fax: (254) 772-5780 Purchaser: City of Round Rock 221 East Main Street Round Rock, Texas 78604 Telephone: (512) 218-5400 Fax: (5'12) 218--7097 Either party may change its address as shown above by written notice to the other party. Notices shall be deemed to have been delivered on the business day following their deposit in the United States mail, postage paid, and properly addressed and certified. _.. .._ 23. OTHER REQUIREMENTS. This Agreement is subj ^.,..w Authority and Purchaser agree to negotiate in good faith regarding terms for extension or renewal of this Agreement. If purchaser is current on all payments due Authority under this Agreement, Purchaser may terminate this contract, in whole or in part, on February 15 of any year following the expiration of ten (10) years measured from the Effective Date by providing six (6) months prior written notice to Authority, that is by August 15 of the year preceding the February 15 termination date. This Agreement shall be null and void in the event that the interbasin transfer permit referenced in Section 3, above, is not issued by the TNRCC within the two (2) years of the date of filing of the application for said interbasin transfer permit. CITY of ROUND ROCK E3RAZOS RIVER AUTHORITY E By: .Wa e: JWO ' PhillipJ. Ford i � Title: General Manager "ATI-EST: ATTEST: JIM 0 Iq W (2 - - Assistant Secretary wtirorffieldVourocks waacolriv&bra ff3.doc 15 M MOMMIM JOE M M 1 0 0 0 0 ME "JOIN 0 No r�lm m1mm" 0 m=kPL" m 0 0 1 0 M molti mm, 3 Jim NJ 1 Emilmoof 0 0 mic di 0 0 0 mmmjalm 0 0 1 A 0 0 0 ME 0 0 ME 00 0 IM 0 0 ME 0 so 0 1 0 0 0 ME or 0 0 16im'. ME ME 0 0 0 ME 0 III L rL 0 1 91 0 0 0 ME 0 ME 0 9 1 IN 0 M ME 10 EMIL � .it' � 0: NJ 0 0 0 NJ LP WE ME rw 0 0 0 1 0 9 11 im L* 0 LP 0 L h ilim pi f 0 1: 0 0 0 :==I 9 0 0 so 00 0 NJ No 0 0 L m: MEL 0 0 0 0 0 . 0.,*. M 0 f 0 io'k %r mmmimmml 1b *IiiL i1won 0 111111111111016 0 0 0 0 0 0 0J& 01JED ME! 0 M= r. Emil r..j&rm 0 0 0 0 0 0 p I JIM lommas% FM. or m m NMI w.0 nq'J.r 4 ME Ja;0. No I or.' 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IN. ir No 9 m m Wr 0 0 1 M 0 0 0 1 rd p I mil 0 L'No 0 0r. ti ` Z7 .' rr No 0� 0 1 11 0 No ri M; P mmE 0 IP6& ME NJ No=No m 0 LE 11!6 No r .m 0 J?*MCME* 9 0 1: 0 0 1 Im! 0 9" 0 0 NJ 0 Lil No 0 141 NJ M ".3.Ira. 16 0 a NEI mi 0 1%6 NJ 0 0 0 NJ ;b& =I 0 M%r EL 0 No 1: IN 09F 0 ME % 0 0 m:L ILt 0 0 M I I=iI No 0 0 0 0 0 ME Lr O.r.p.4 NEI? 0 0 ME 09 0 W am 0 AIII�L r No L 0 1 No I L 0 0 No L09F�ti i L 0 NJ0 0 MEL, IN � ti 0 or 0tir 0 am No � r l IJ 1• ` No No EXHIBIT b A SYSTEM WATER AVAILABILITY AGREEMENT "A-2 FOR COLORADO RIVER BASIN WATER BETWEEN BRAZOS RIVER AUTHORITY AND CITY OF ROUND ROCK -01 AGREEMENT made and entered into this the .0 - daY of 2002-, by and between BRAZOS RIVER AUTHORITY ("Authority"), a liver authority of the State of Texas, and CITY of ROUND ROCK ("Purchaser'') of Williamson County, Texas. 1, RECITALS. Authority owns 'and operates various lakes in the Brazos River Basin. Authority also has entered into contracts with the united States of Arnerlca by virtue of which it has obtained the right to utilize for water supply Purposes a portion of the usable storage space in various lakes owned and operated by the United States Army Corps of Engineers. Authority is authorized by the State of Texas to store State waters in the lakes'owned by Authority and various lakes owned and operated by the United states Army Cons of Engineers in the Brazos Rinner Basin, hereinafter collectively called the "System"'. and to make such stored waters available fcr beneficial use. Authority is authorized to operate the System as a hydrologic unit pursuant to an order of the Texas Water Commission (now Texas Natural Resource Conservation Commission "THRCC") issued on July 23, 196q ("System Operation Order"),, The Heal Deter (nation of All Claim s of Water Rights in the Bra os River., Basin and the Sa Jacinto-Brazos Coastal gpjsLa-Maintained by the Brazos River Authority, Fort Bend County KCI D, No. 1 and Galvin County water Authority ("Final Determination'') issued on ,June 26, 1985, by TNRCC clarified and amplified the System Operation [order. Ander the System Operation order as adjudicated by the Fina! Determination, Authority Is authorized to operate the System as a hydrologic unit to more efficiently utilize the reservoirs that make up the System to make water available to meet the needs of Authority's customers. Authority and Purchaser have entered into certain raw water contracts (System Water Availability Agreement Between Brazos River Authority And City of Round Rock - Lake Georgetown And System Water Availability Agreement Between Brazos River Authority And City of Round Rock - Lake Stillhouse Hollow). Authority has also acquired the right to divert and use 25,000 acre-feet of water per year from the Colorado River Basin made available from the Lower Colorado River Authority (LCRA) under the ''water Sale Contract by and between Lower Colorado River Authority and Brazos River Authority Purchaser", dared October 2000 (LCRA Contract) pursuant to the terms of House Bill 1,437 of the 76th Texas Legislative Session and codified under Section 27 of the LCRA Enabling Act. It is from the 25,000 acre-foot of r Pu rC)J 1 �� � r 09/06/2002 FRI 15: 56 [TX/]?X NO .95701 Q003 water per year from the Colorado River aasin (the "L.CRA Dater") that Purr-haser now wishes to contract for Authority to make available 4,500 acre~-feet of water per Calendar Year under the terms and conditions herein prodded. Z DEFINITIONS. a) The Terre "Agreement" means this agreement. b) The Term "Agreement Rates" means the "Agreement Water Rate", the "Agreement Reserved Water Charge", and the "Agreement Inverted Block Rate's for water purchased pursuant to this Agreement as more fully described in Section 5, PRIG STRUCTIJRE, and in Section 7, UNCDNDMONAL NATURE OF PAYMENT OBLIGATION; pFUCE, below. c) The term"Area of Use" means that certBln area in Williamson County that lies outside of the watershed of the Colorado River, but excludes hose rnunidpalibes which were customers of the Lower Colorado River Authority as of May 20, 1997, and who are located in watersheds of both the Colorado and Brazos Rivers. d) `The term "Authority'shall mean Bra20S River Authority. e) The term "Board'' shall mean the Board of Directors of Brazos Rimer Authority. f) -The term "Credit for System Rate Recovery" of "CSRR" means the credit described In Secdon 7. (c) of this Agreement. . g) The terra "Cast Recovery Fee'' or "CRF'' means the fee described in Section 7.(b) (3) of this Agreement. h) The Terre "Federal Contract's" shall mean those contracts with the united Sates of America whereby ALithority has acquired, is acquiring, or may acquire conservation storage cap9dty in Federal Reservoirs. i) The term 'Federal Reservoirs" shah include the following; Aquilla Dam and Reservoir . Belton Dam and reservoir Georgetown Darn and Reservoir Granger Dam and ReservoSr - Proctor Dani and Reservoir Somerville Darn and Reservoir Stillhouse Hollow Dam and Reservoir Whib)ey Dam and Reservoir j) the term "Fiscal Year" shall mean Authority's fiscal year from September 1 through August 31, or such other annual fiscal year period as Authority may later determine. k) The terra "Highest Lawful Rate" shall mean the maximum rate which Authority may charge on obligations payable.under this Agreement without violation of any applicable law or any applicable lawful regulatlon of any agency of the State of Texas or of the United States having jurisdiction of the matter. l) The term "Indusbial Use" shall mean the- use of water in processes ` designed to convert materials of a lower order of value into forms having greater usability and commercial value, including cornmerdal feddlot operations, commercial nsh production,and the development of poorer by means ether than hydroelectric. m) The term "Irrigation Use" shall mean the use of water for the irrigation of caps, bees, and pastureland, induding, but not limited for golf courses and parks which do not Teceive water through a municipal distibution system. 09/0612002 FRI 15:50 IT,Ni:JUX NO 95701 0004 n) The term "LCRA" means Lower Colorado River Authority. a} The term "LCRA Contract" means the "Water Sale Contract by and $ between Lower Colorado River Authority and Brazos River Authotity, Purchaser" dated October 2000. R) The term "LORA Rates" means the LCRA rates and charges for sale of water for municipal purposes as delineated In Section 11. S. of the LCRA Contract. q} The term "LCRA water means the 25,000 acre-feet of water per year of the 7eurchased b Brazos River Authority from LCRA pursuant to louse Br11 1437 P Y Texas Legislative Session. r) The term "Mining User shall mean the use of water for raining processes includinghydraulic Use, drilling, washing sand and gravel, and oil Meld repressudng Y . S) The terns "Municipal lase" shall mean the use of potable weer within a community or municipality and Its environs for domestic, recreational, commercial, or p Industrial purposes or for the watering of golf courses, parks and parkways. t) The term "Purchaser shall mean city of Round Rode. u} The term "System" shall mean Authority's wafter Supply System and shall include certain of Authority's faclll#es and properties Insofar as they are related to making water.available from the System, to wit, as follows: Morris Sheppard Dani and Possum Kingdom Reservoir, aeoordova Bend Darn and Lake Cranbury, Sterling C Robertson Z. -am and Lake Limestone, Authority's conservation storage in the f=ederal Reservoirs-And LCRA Water'obtalned pursuant tri the LCRA contract, together w46.all future extensions, improvements, enlargements, and additions to and replacements of the System, and all replacements thereof whether from surface water supplies, groundwater, or a combination thereof, specifically added to the System by resolution of the Board; *provided that, notwithstanding the foregoing, the term Systern shall not r include (1) any of Authority's facilities and properties not specifically Included in the System, by the terms of this Agreement or not added by the subsequent resolution of the board, and (il) any water supply, wastewater or other facilities which have been or are declared not to be a part of the system and which may be acquired or constructed by Authority with the proceeds from the issuance of 'Special Facilities Bonds," which are hereby defined as being special revenue obligations of Authority which are not secured by or payable from the revenues of the System but which are secured by and payable solely from special contract revenues or payments received from any persons or other legal entity or entities in connection with such special facilities, V) The terra "System Agreements" means those certain raw water contracts titled "System water Availability Agreement Between Brazos River Authority and city of Round Rock - Labe Georgetown" and "Sysbem water Availability Agreement Between Brazos Diver Authority and City of Round Rock -- Lake SdIlhouse Hollow'', dated contemporaneously with this Agreement herewith. w} The term "System operation order" shall rnean that certain order of l NRCC or its predecessor dated July 23, 1964, as adjudicated by order of the`NRCC or ItsR redecessor on lune 2b, x.985, in the Final Determinalio o all Claims of ovate Rights In the Brazos River Basin and-th -d-SJacinto-Brazos Coastal Basin Maintalne-d_by the araxos Diver Auto iso fiend Cour 1N,C, .D, No. 1 and„GalvestoniCou,Bty water Author t w a 09/06/2002 FRI 15:50 iTX/RX NO 95701 11005 x} The term "System Rate'' or "SR" shall mean the rate per acre-foot of y water established bY Authority frorn time to time under its system-wide pricing methodology. The term 'Total Annual Budgeted System Costs" shall mean the amounts Y3 d adopted approved by Authority as estimated costs of the System in the annual budgets P RP by Authority for a given discal Year including, without llmitation, amounts budgeted to meet Annual System Operation and Maintenance Expenses and Annual Capital Related rn y Costs. z The term "Total System Pilling Units" shall mean the total amount of water (expressed ressed Ire acre-feet) determined by Authority under accepted engineering practice as necessary to be reserved from firm yield produced by storage in the System to fulfill its commitments for which Authority receives payment under long term (in excess of five years) grater sales contracts with Purchaser and Authorlty's other customers; provided, however, such term shall not Include arnounts of water required by appropriate governmental authority to be reserved in the System for us for bay and estuary purposes, in-stream uses, or far other similar environmental, public, or other beneficial uses to die extent Authority is not adequately compensated for any such requirement. 3, EFFECTIVE ]ATE. The effective date of this Agreement Is September 1, 2002. 4, AVAILABILITY OF WATER. while this Agreement remains in farce, Authority agrees to make available to Purchaser an amount of water not to exceed 4,500 acre-feet of water per Calendar Year ander the following conditions: a) NotWithstanding anything herein to the contrary, Authority's obligation to make water available to Purchaser under this Agreement is subject to, and limited by, the rights of Authority to obtain the LORA water pursuant to the LCRA Contract. Purchaser acknowledges that Purchaser has received a copy of the LCRA Contract and Is familiar with the rights of Authority thereunder, and the limitations on Authority's rights thereunder to obtain the LCRA water. b) .Authority may interrupt or curtail the wafter supplied to Purchaser under this Agreement to the extent Authority experiences interrupdon or curtailment of water supplied Wit under the LCRA Contract for any reason. c) Water supplied under this Agreement shall only be used withln the Area of ase. d) Purchaser acquires no property rights in the water made available to it under this Agreement beyond the right to have the water made available to it for diversion-arid use under the terms of this Agreement. This right of use extends to direct reuse (flange to Mange) of the water made available under this Agreement. Purchaser represents, and Authority relies on such representation, that all water to be made avallable by Authority under this Agreement to Purchaser shall be used solely for municipal purposes. 09/06/2a02 FRI 1.5:50 ITT/RX NO 95701 1@006 y 5, PRICING STRUCTURE URE . structure. for water rates under this Agreement is dependent a} The pricing stru �{ . upon the pricing ci structure of water made available to the Authority under the LORA the Authority's System Rate exceeds the price denied fmrn the Contract unless or until h tY' Y� de formula provided for rice calculation in Section 7, below. At such time, the pace under form p p this Agreement shall be the Authority's system Rate. The LORA Water is provided to Authority under the LCRA Contract b} pursuant to the fallowing pricing structure: The "Mater Rate" for LORA Water is charged for water diverted (1) f�a of of and used duan a calendar year. The +current Water Rate is $105.00 per acre- 9 water per year. The "Reserved Water Charge'' for LORA Water is charged for (2) Reserved water under contract but not diverted and used during a calendar year. The Res Water Charge a is 50% of the Water Rata, or currently $52.5o per acrerfoot of water per _ year. . (3) The "Inverted Block Rate" for LORA Dater is charged for all water used in excess of the total contractual amount and is currently $200.00 per acre-foot of grater per year. (4) The "Conservation Charge„ for LORA Water is current#y 2-S% of the Water Rate the Deserved plater Charge, or the Inverted 131ock Rate, as applicable. 7he current"Total LORA Rates"for LCRA Water are as follows: (5) (a) The ='Total LORA Water Rate" is the Water Rate + the Conservation Charge, currently $131.25 ars acre-foot. }b) The "Total LYCRA Reserved Water Charge" is the Reserved Water Charge + the Conservation Charge, currently $65.53 an acre-foot. r (c) The "Total LCRA Inverted Bloch Rate" is the Inverted Block Rate + the Conservation Charge, currently $250.00 ars acre-foot. (d) -rhe Authority makes water available to Purchaser under this Agreement pursuant to the following pricing structure: (1) The "Agreement Reserved Water Charge" for all water agreed to be made available under this Agreement whether or not it is diverted an used during a calendar year. The current Agreement Reserved Water Charge is $49.22 per acro-foot of water per year, the calculation for which is set out in section 7.c., below. {2} The "Agreement Water Rate" for only water that is _ diverted and used durin a calendar year. The Agreement Mater Rate equals the 9 Agreement Reserved Water Charge and is in addition to the Agreement Reseed dater Charge. (3) The "Agreement Inverted Block Rate" for water used in excess of the amount agreed to be made available under this Agreement, The Agreement Inverted Block Rate Equals the Total LORA Inverted Block Rate. 6. DATE AND PLACE OF PAYMENTS a Payments to be made hereunder shall be made at Authorlty"s } y - be office in Waco, McLennan County, Texas. Authority contemplates that by September x of each Fiscai Year it will have adopted budgets for Authority for said Fiscal Year and established the Systern Rate and the Agreement Rates for said Fiscal Year. Payments for each rascal Year may be made under one of three payment options from which 09/06l2002) FRI 15:50 17' /lU N0 95-101 Q. oo7 I Purchaser will select at the beginning of each Fiscal Year. The payment due at the beginning of each Fiscal Year will be for the water agreed to be provided during the next calendar year, and shall be based on the Agreement Reserved water Charge, Annual payments for water provided at the Agreement Reserved Water Charge shall be made on or before September 15 each Fiscal Year. Quarterly payments shall be made on or before September 15, December 15, March 15, and June 15 each f=iscal Year. Monthly payments shall be made on of before the lllteenth of each month each Fiscal Year. Quarterly payments or monthly payments shall lndude a multiplier to be applied to the annual payment to allow Authority to recover interest lost on any unpaid balance plus a service charge fivr adrninis tive cosi, inrJuding but not limited ba cosh invoMng the billing, accounting, and collecting far the quarterly or monthly payments. The multiplier to recover lost interest revenue and the service charge for administrative costs shall be determined an an annual basis and,shall be just and reasonable. If the effective date of this Agreement Is other than January 1, the amount of water available to Purchaser and the payment owed by Purchaser will be prorated far the remaining monthly of the Calendar Year,, 2002. b) The charge for any water actually diverted and used during the next calendar year vv411 be billed to Purchaser on a monthly basis based on the actual diversion and usage for the previous month at the Agreement water Rate, c) Purchaser may elect to defer payment of its obligations for water purchased pursuant to Agreement Reserved Water Charges by providing Authority notice of such election in writing within 60 days from the date of execution of this Agreement. In no instance shall the deferral terms extend beyond the initial ten years of this Agreement If Purchaser selects deferred payments the following structure will be used: (t) Years 1-2: Purchaser will receive a credit of 500Ih of the Agreement Reserved Water Charge. (21) Years 3.11: Purchaser will receive a credit of 2-510/6 of the Agreement Reserved Water Charge. (3) Years. 5-6: Purchaser will receive no deferral of the Agreement Reserved Water Charge. (4) Year 7: Purchaser will pay 125c/'o of the Agreement Reserved Water Charge. J (5) Year 8-9. Purchaser vAll pay 150% of the Agreement Reserved Water Charge. (6) Year 10: Purchaser will pay the remaining outstanding deferred balance plus loo°fo of the current year's Agreement Reserved water Charge. Notwithstanding anything herein to the contrary, in the event the differed payments calculation yields a rate that is less than the then current Authority System Rate, the full System Rate will be the rate charged for the Fiscal Year's payment Unpaid balances will accumulate interest based on actual Authority Interest rates earned on the Authority's investments. The Authoritys interim rate will be the Authority's average annual portfolio yield plus 0.5 percent per annum for administrative costs. Interest charges will be assessed on an annual basis using simple interest, compounded annually. 09/06/2002 FRI 15:50 1T/RX NO 95 T O) [?)008 7. UNCONDITIONAL NATURE of PAYMENT OBLIGATION: PRICE. f a) Purchaser unconditionally agree to pay Authority in accordence with the terms of this Agreement for the water agreed to be made available to Purchaser from the LCRA water pursuant to this Agreement. b) The Agreement Rates are derived using the follovAng components: (t) The Authority's System Rate (currently $29.90 per acre-foot of water per year). (2) The Total LORA Water Rate, Total LCRA Reserved water Charge, or Total LORA Inverted Bloch Rate (as defined in Section S.b.(S)r above). (3) The "Cost Recovery Fee" (the applicable Total LCRA Rage minus the Authority's System Rate minus the Credlt for System Rate Recovery), c) The "Credit for System Rate Recovery' (a 25% discount from the Total LORA Water Rate or the Total LCRA Reserved water Rate, but not from the Total LCRA Inverted Block Rate)_ The Agreement Reserved water Charge (ARWC) is the System Rate plus the Cost Recovery Fee. Using current components, the Agreement Reserved Water Charge is derived as follows: ARWC= SR + CRF ARWC= $26.00 + (Total LORA Reserved Water Charge - S R-CS RR) ARWC= $26,00 + ($65,63 --$26.00- $x.6.41) ARwc. $26.O0 + $2-3-22 ARWC= $49.22 d) The Agreement dater Rate is equal tea the Agreement Reserved Water Charger currently $19.22, and is In addition to the Agreement Reserved dater Ch a rge. e) T-he Agreement Inverted Block Rate is equal to the Total LCRA Inverted Block Rate, currently $25O_00. f) Authority may, and it specifically reserves the right to, revise the Agreement Rates from time to time (usually prior to the start of each Fiscal Year) to reflect changes In the System Rage and the LCRA Rates. Authority shall not increase the Agreement Rates other dean on a Fiscal Year basis except for unforeseeable reasons of a serious and substantial nature. Suds reasons include Force Majeure, government legislation or regulation, permit requirements, or changes in the LCRA Rates. g) Notwithstanding anything herein to the contrary, In the event the Agreement Rates calculation yields a rate that Is less than the then current Authority System Rate, the System Rate will be the Agreement Rates, 8. SOURCE of PAYMENTS. The payments to be made hereunder by Purchaser shall constitute operating expenses of Purchaser's water works system or Purchaser's combined water works and sewer system_ Purchaser shall charge rates for services of Its water works system or its combined water works and sewer systems that W11 be Sufficient to pay the operating and maintenance expenses thereof, including the payments provided for hereunder, and the interest on and principal of, as the same come due and maturer obllgations issued by Purchaser now or hereafter payable from the revenues of said system or systems, i 09/06/2002 FRI 15:50 [TX/FX NO 95701 a oo9 9. INTEREST ON PAST DUE PAYMENT: COLLECTION. In the event of (allure of Purchaser to make any payment to authority provided to be made in this Agreement at the time when same shall be dUe, the past due payment shall bear intere=st at the lesser of the highest rate allowed by applicable law or 18 percent per year. Regardless of any other provision contained in this Agreement, Authority shall never be entitled to receive, collect, or apply as interest under this Agreement any amount of money deternnined at a rate which exceeds the Highest Lawful Rate. If Authority ever charges, receives, collects, or applies as interest an amount in excess of that permitted by application of the Highest Lawful Rate, then any such amount which would be excessive Interest shall be deemed a partial prepayment of amounts payable under this Agreement which do no constitute interest and shall be treated hereunder as such; and if all other obligations payable under this Agreement shall have been paid in Mir then Authority shall refund the amount of such excessive interest. 10. REMEDIES FOR NONPAYMENT OR DEFAULT. Should Purchaser fail to make anyp ayment to Authority when due hereunder or otherwise be in debuit under this Agreement, Authority at Its sole option and In addition to and without impairing any other remedy available to it on account of the default, may elect to either(i) suspend Its duty to make available water to Purchaser under this Agreement or ('10 terminate this Agreement, by providing written notice of such suspension or to minabon delivered to Purchaser on or before BQ days before the date sped�ed in said notice of suspension or termination, provided that the nonpayment or other default with respect to which notice of suspension or termination of this Agreement has been given, shall not be cured by the date specified In such notice. Nothing in-this Agreement shall be construed in any manner so as to abridge, limit, or deprive either party hereunto or any means which it would otherwise have of enforcing any right or remedy either In law or in equity fxor breach of any of the provisions hereof. 11. REMEDIES of OVERUSE. Purchaser recognizes that any diversion of water in excess of its contractual amount may impact Authoritys ability to make available wafter to Authority's other raw water customers. Purchaser agrees that if for any reason it needs to exceed the contractual annual amount of water to be made available to it under this Agreement, Purchaser will give mitten notice to Authority 30 days in advance of the need for such additional water and In such notice will state the reason for the additional need, the amount of water needed to be made available, and the duration of the need. Authority, in its sole discretion, nnay make all or a portion of the requested water available. Should Authorlty determine that it can make all or a portion of the requested water available without adversely Impacting its abiilty to make water available to its other customers, Purchaser agrees to pay for such water to be made available in advance at a rate that is equal to the then current Agreement Iriverled Block Rate. Should Purchaser fail to notify Authority of Its need for additional water to be made available, and exceed the contractual annual amount of water to be made available to it, or should Purchaser, after notification of Authority and AuthorltVs 09/06/2002 Fill 15:59 I7`, /%l No 95701 U010 determination that additional water is not available for Purchaser's use, nonetheless exceed the contractual amount Df water to be made available to it, Authority may cancel this Agreement by providing written notice of such cancellation delivered to Purchaser on or before thirty (30) days before the date specified in said notice of cancellation. Nothing in this Agreement shall be construed in any manner so as to abridge, limit, or deprive either party hereunto of any means which it would otherwise have of enforcing an right or remedy -either in law or in equity for breach of any of the Y prorr'tsions hereof. 12. FACILITIES. All new facilities that are located in the Area of use that are used to transport raw water that is purchased pursuant to this Agreement exdusively may be owned and operated by LORA, at its sole option. All neer facilities or all substantial expansions to facilities that are located In the Area of Use that treat water or transport treated water that is purchased pursuant to this Agreement and that are constructed by BRA or MCRA shall be Brazos-Colorado Alliance projects, The LCRA may own, at its sole option, a portion of any such facilltles that is commensurate with the percentage that LCRA waxer(Lea., water supplied under the LCRA Contract) bears to the total amount of water supplied by BRA and LCRA for treatment or transportation by such facilities. Fdr example.. if hventy-five percent (251%) of the water used at an Alliance facility is supplied by LCRA under the LCRA Contract, the LCRA may own twenty-five percent (2.594) of that facility. -All such facilities in the Area of use, however, shall be operated by BRA. All new facilities and all substantial expansions to facilities that are located in the Area of Use that treat or transport treated water purchased pursuant to this Agreement that are constructed by Purchaser may be owned and/or operated by Purchases- if such ownership and/or operation is desired by Purchaser. Purchaser acknowledges that the economics of scale and etfidendes of use made possible by regionalization of water treatment facilities are highly desirable. Purchaser, therefore, agrees to negotiate In good faith with BRA and LORA to maximize the potential for regionalization of water treatment and transportation fadlitles, either new fadlities or substantial expansion of Facilities, located in the Area of use used to treat or transport water that is purchased pursuant to this Agreement, 13. METERING. Purchaser agrees that, at its sole cost and expense, it shad install, operate and maintain meters frvr the accurate measuring of all water diverted by Purchaser under this Agreement in order to aid Authority in accurately reporting actual water usage to the TNRCC as required by applicable law or regulation. Such meter or meters shall be tested and calibrated For accuracy by and at the expense of Purchaser once each fiscal year at intervals of approximately 12 months, and a report of such test and calibration shall be furnished to Authority. Authority shall be given at least two prior clays notice of the time of any test and calibration of Purchaser's meters, or any of them, and Authority shall have the right to have a representative present at each test to observe the test and any adjustments found thereby to be necessary. Authority shall have the right to inspect and check the accuracy of Purchaser's meter or meters at any 09ias/2002 FRI 15:50 iTX/FZN No 95701 [Dull 1` 1 time during usual business hours after not less than one nor more than fiVe (5) days notice_ In the event any question arises at any trine as to the accuracy of any such meter, such meter shall be tested promptly upon demand of Authority, the expense of such test to be borne by Authority if the meter is found to be correct and by Purchaser if it is found to be incorrect. Readings within 2% of accuracy, plus or minus, shall be cunsidered correct. If, as a result of any test any meter if found to be registering inaccurately (i.e., in excess of 2% of accuracy, plus or minus), the readings of such meter shad be corrected at the rate of Its inaccuracy far any period which is detinttely known and agreed upon, but in case the period is not definitely known and agreed upon, then the shorter of the following periods shall be used as the basis for correction: a) a period extending back either 60 days from the nate of demand for the test or, if no demand for the test was made, 60 days from the date of the test; or b) a period extending back half of the time elapsed since the last previous testi and the records of readings shall be adjusted accordingly. Following each test of a meter, Purchaser shall cause the same to be calibrated to register accurately. 1 4. REPORTING. Purchaser agrees that it will keep accurate records of the daily readings from the meter or meters Installed pursuant to Section 13., Metering, above. `these records shall be subject to inspection by Authority at reasonable times and places. Purchaser shall submit reports to Authority by the 10' day of each month showing the amount of water diverted under this Agreement each day during the preceding month. 15. SYSTEM AGREEMENT. rhls Agreement does not affect the rights and obligations of Authority and Purchaser under the Systern Agreements. 16, CONSERVATION 4F WATER. It is the intent of the parties to this Agreement to provide to the maximum extent practicable for the conservation of water, and purchaser agrees that It is a condition of this Agreement that it shall maintain and operate its fadlilies in a manner that Will -prevent unnecessary waste of water. Authority, in accordance with applicable law or regulation, may from time to time adopt reasonable rules and regulations relating to water conservation. Purchaser agrees to abide by the "Brazos Ryer Authority Drought Contingency Policy" adopted by the Board on January 16, 1989, or any subsequent Drought Contingency Policy duly adopted by the Board and any Drought Contingency Plans developed under the Drought Contingency Policy. If required by applicable law or regulation or by Authority, Purchaser agrees to implement a water conservation and drought management program in accordance with a water conservation plan and that the water made available and diverted by Purchaser pursuant to this Agreement will be used in accordance with such conservation plan, and with the regulations of the Texas Natural Resource Conservation Commission (or other appropriate regulating authority) applicable to retail public utilities. Purchaser further agrees to make available its water conservation and drought contingency programs to Authority and LCRA for review. If required by applicable law or 09/06/2002 FR1 15:50 1111/lUX NO 95703 (9}012 • in the event Purchaser furnished water or water regulation Purchaser agrees that, services to the ultimate services to a third arty that in turn will furnish the water.ar se P - water conservation shall be met through cansurner, the requirements relative to g contractual agreements between Purchaser and the third party providing for the established and "Implementation of a -water Conservation program �n compliance with � such applicable law or regulation. comply with its water conservation plan, Authorlty may, at If Purchaser fads to c P Y its sale option terminate this Agreement without recourse unless such default is tared of such default is not susceptible to being Cured within with#n thirty (30) or, �f the nature Y p such thltty (3o) ditii da period, such longer period of time during which Purchaser g er�ti y prosecutes the cure of such default, not to exceed ninety (90) days of Purchaser's receipt of written notice of such default. QUALITY, As a further condition of this Agreements Purchaser�i�. WATER � in the at it will comply with applicable grater quality standards of the State also agrees that Y a P PP hereunder. Should ion use reuse or discharge of water made available diversion, � r • an competent legal authority to have degraded tie quaftY Purchaser be determined by y P 9 of water of the Stat b State or to have violated any water quality standard established y law or lawfully adopted regulation, and subsequently fait to take action with reasonable . . out ori such failure diligence to correct such deficiency as directed by competent legal h ty, shall constitute an event of def6ult under this Agreement. Authority, in P accordance with applicable law or regulation may from time to time 9 or re regulations relatln to wader quality protection. If required adopt reasonable rules and eg g regulation or by Authority, Purchaser agrees to i by applicable lair mplement appropriate water quality protection measures including' without limitations, a non-point q ty source vater polluflon abatement program in accordance with a non-point source water pollution abatement plan. Jos WATER SURPLUS TO PURCHASER'S NEEDS. Purchaser may not a made Agreement or reduce the amounts of water agreed to b unilaterally cancel this available to it and for which availability it is obligated to pay under the terms of Sections ovided in section 26, below. Purchaser may not sell or .4. And �., above, except as pr make available to others the water agreed to be made avallable to it under this e case of municipal uses, as potable treated water. However, Agreement,, except in the P Beds from the should Purchaser determine that it has water surplus to its anticipated n tY �rat�r to be made available by Authors under this Agreement, Purchaser may notify o water no longer needed to be made available to it. Authority as to the amount f ' ` a Authority will use reasonable efforts to find a third party who is able and willing to pay too the end of this Agreement. If Authority is successful for such availability for a period � Interest in its available finding such a third party suitable to It to acquire Purchasers in In t` 9 � A surplus for a period of time to the end of this Agreement, this Agreement will be amount of water to be made available to Purchaser by the amended to reduce the amount of availabilityaid for by such third party, and Purchaser will be retrieved of the obis,9 ation to make payments for such avaiiability of water. 09/06/2002 Fill 15:50 11'.X/Izx NO 9510) X013 19. SHORTAGF-S. Authotity makes no guarantee that any lakes or other sources of supply in the Colorado River basin will be maintained at any spedfiic level at any particular time, Purchaser bears all transportation losses prior to final diversion. It is fully understood by the parties hereto that the level of lakes or other sources of supply in the Colorado River Basin will vary as a result of weather conditions beyond the control of Authority, and that this instrument is merely an agreement to require Authority to make available water when and if water is available to Authority under this Authority's LORA Contract, and to allow Purchaser to make withdrawals of the water subject to the general law on distribution and allocation of wager during shortages of supply. Authority covenants that it will use its best reasonable effbrts to maintain and preserve its rights under the LC1 A Contract. If for any reason the availability of water W Authority under the LCR.A Contract is restricted, unpaired, or otherwise limited, Authority agrees, and Purchaser covenants, that Authority may fairly and equitably apportion and ration the available water supply fmm the LCRA Contract arnong all its several customers receiving water from Authority as a result of the LORA Contract, including Purchaser. 20. FORCE MAJEURE. Notwithstanding anything herein to the contrary, neither party hereto shall be under-any liability or be deemed in default with respect to its obligations under this Agreement for any fallure to perform or for delay In performing such party's obligations hereunder (except for the obligation to pay money) where such failure or delay is due to force majeure, while and to the extent that such performance Is prevented by such cause. -Me term force majeure means acts of God, fire, storm, flood, war, riots, sabot-age, drought lack of availab111ty of water due to sedimentation, low inflows of water to, or lack of water supply in the System or from the Colorado Rlver basin to be made available under the LORA Contract strikes or other differences with labor (whether or not within the power of the parries to settle same), decrees or orders of the courts or other governmental authority, or other similar or dissimilar causes not within the reasonable control of such party and not due to negligence of such party. Each party shall use due diligence to resume performance of any obligation suspended by force majeure at the earliest practicable time. 21. WAIVER. Any waiver at any time by any party of Its rights with respect to default under this Agreement shall not be deemed a waiver of such rights with respect to any subsequent default or matter. 22, NOTICES AND CERTIFICATION& Notices and certificat;ons provided for in this Agreement shall be in writing. The same shall be delivered by mailing certified ,nail, postage paid, return receipt requested, to the respective parties at the fallowing addresses: 09/06/2002 FRI 15:50 1T.X/RX No 957101 IM014 Authority: Brazos River Authority 4600 Cobbs Dave P.O. Sox 7555 Waco, Texas 76714-75-55 Telephone= (7-54) 761-3100 Fax: (254) 7 61-3 207 Purchaser: City of Round Rock 221 East Main street Round Rock, Texas 78664 Telephone: (512) 218-5400 Fax: (512) 218-7097 Either party may change its address as shown above by written notice to the other party. Notices shall be deemed to have been delivered on the business day following them- deposit in the United Staters mail, postage paid, and properly addressed and certified. 23, OTHER REQUIREMENT* 'This Agreement is subject to all conditions, provisions, and limitations included in Authority's water rights from the TNRCC and the Systern Order and the LORA Contract_ Further, this Agreement is subject to all applicable Federal, State and local laws, and any applicable ordinances, rules, orders and regulations of any local, State or Federal governmental authority having jurisdiction. However, nothing contained in this Agreement shall be construed as a waiver of any t right to question or contest any law, ordinance, order, rule, .or regulation of any governmental authority. 24a SEVERABILITY. The provisions of this Agreement are severable, and if for any reason any one or more of the provisions contalned In this Agreement shall be held to be invalid, illegal, or unenforceable in any respect, the invaliditr, illegality, or unenfbrceability shall not affect any other provisions of this Agreement and this Agreement shall remain in effect and be coned as if the invalid, illegal, or unenforceable provision had never been contained in the Agreement. r 25. ASSIGNMENT. This Agreement may be assigned by Purchaser only With the written consent of Authority, which consent shall not be unreasonably withheld or .dela edOnly assignment of this entire Agreement will be approved. Releases of Y Y 9 lesser obligations must be authorized under Sermon 18., water Surplus to Purchaser's Needs, above. 26. TERMS OF AGREEMENT. The term of this Agreement shall begin on the Effective Dater Section 3., and shall end on the fifty (50) year anniversary of the Effective Date, If Authority is able to extend or renew its LORA Contract, Authorlty and Purchaser agree to negotiate in good faith regarding terms for extension or renewal of this Agreement. r U9/06/2002 Fill 15:50 !'l'.X/R-( NO 9.9701 Q)01 5 If Purchaser is current on all payments due Authority under this Agreement, Purchaser may terminate this contract, in whole or in part, on February 15 of any year following the expiration of ten (10) years measured from the Effective Date by providing six {6} months prior written notice to Authority, that is by August 15 of the year preceding the February 15 termination date. This Agreement shall be null and void in the event that the interbasin transfer permit referenced in Section 3, above, is not issued by the TNRCC with the two (2) years of the date of filing of the application for said interbasin transfer permit. CrrY of ROUND ROCK BRAZOS RIVER AUTHORITY By: Ey: �Armk V- h) 17)A KW E; Phillip 1. Ford Title: M General Manager/CEO ATTEST: ATTEST: A)A;b Assistant Secretary If Purchaser is current on all payments due Authority under this Agreement, Purchaser may terminate this contract, in whole or in part, on February 15 of any year following the expiration of ten (10)years measured from the Effective Date by providing six (6) s prior rior written notice to Authority, that is by August 15 of the year preceding the February 15 termination date. This Agreement shall be null and void in the event that the interbasin transfer Permit referenced In Sectlon 3, above, is not issued by the TNRCC with the two (2) years of the date of filling of the application for said interbasin transfer pean!L CITY of Ido UN D ROCK BjzAZ0SRWER AuTHOWIT 13y~ By rfs v. pl„flip J. Ford 'ode: General Manager/CEO ATTEST: ATTEST: r • Ass nt Secretary 09/00/2002 FRI IS: 50 ITT/]Z� NO 95701 Q1016 ------- EXHIBIT i E I SYSTEM WATER AVAILABILITY AGREEMENT Brazos River Authority P. 4. Sox 7555 Waco, Texas 76714-7555 (254) 776-1991 i t CITY OF ROUND ROCK Jim} SYSTEM 'CATER AVAILABILITY AGREEMENT FOR COLORADO RIVER BASIN WATER BETWEEN BRAZOS RIVER AUTHORITY AND CITY OF ROUND ROCK AGREEMENT made and entered into this theme day of-I` r;E. 20061 by and between BRAZOS RIVER AUTHORITY ("Authority"), a river authority of the State of Texas, and CITY of ROUND ROCK ("Purchaser") of Williamson County, Texas. I. RECITALS. Authority owns and operates various lakes in the Brazos River Basin. Authority also has entered into contracts with the United States of America by virtue of which it has obtained the right to utilize for water supply purposes a portion of the usable storage space in various lakes owned and operated by the United States Army Corps of Engineers. Authority is authorized by the State of Texas to store state waters in the lakes owned by Authority and various lakes owned and operated by the United States Army Corps of Engineers in the Brazos River Basin, hereinafter collectively called the "System", and to make such stored waters available for beneficial use. Authority is authorized to operate the system as a hydrologic unit pursuant to an order of the Texas Water Commission (formerly Texas Natural Resource Conservation Commission "TNRCC", now Texas Commission on Environmental Quality "TCEQ") issued on July 23, 1964 ("System operation Order"). The Final_Determination of All Claims of Water Rights in the Brazos River Basin and the San Jacinto--Brazos Coastal Basin Maintained by the Brazos River Authority, Fort Bend County W.C.I.D. No. 1 and Galveston County Water Authority("Final Determination") 'issued on June 26, 1085, by TCEQ clarified and amplified the system operation Order. Under the System operation order as adjudicated by the Final Determination, Authority is authorized to operate the System as a hydrologic unit to more efficiently utilize the reservoirs that make up the System to make water available to meet the needs of Authority's customers. Authority and Purchaser acknowledge that the LCRA Water (as defined below) is not part of the System operation order. Authority has also acquired the right to divert and use 25,000 acre-feet of water per year from the Colorado River Basin made available from the Lower Colorado River Authority (LORA) under the "Water Sale Contract by and between Lower Colorado River Authority and Brazos River Authority Purchaser", dated October 2000 (LORA Contract) pursuant to the terms of mouse Bill 1437 of the 76th Texas Legislative Session and codified under section 27 of the LORA Enabling Act. It is from the 25,000 acre-foot of water per year from the Colorado R- C")6-0710-21- 11 UUM444. River Basin ( the "LCRA" Water") that Purchaser now wishes to contract for Authority to make available 9,484 acre-feet of water per Calendar Year under the terms and conditions herein provided. 2. DEFINITIONS. a) The term "Agreement" means this agreement. b) The terra "Area of Use" means that certain area in Williamson County that lies outside of the watershed of the Colorado River, but excludes those municipalities which were customers of the Lower Colorado River Authority as of May 20, 1997, and who are located in watersheds of both the Colorado and Brazos Rivers. c) The term "Authority" shall mean Brazos River Authority. d) The term "Board" shall rnean the Board of Directors of Brazos River Authority. e) The term "Federal Contracts" shall mean those contracts with the United States of America whereby Authority has acquired, is acquiring, or may acquire conservation storage capacity in Federal Reservoirs. The parties hereto acknowledge that the term "Federal Contracts" does not appear elsewhere in this Agreement. f} The term "Federal Reservoirs" shall include the following: Aquilla Dam and Reservoir Belton Darr] and Reservoir, Georgetown Dara and Reservoir Granger Darn and Reservoir Proctor Darn and Reservoir Somerville Dam and Reservoir Stillhouse Hollow Dani and Reservoir Whitney Dann and Reservoir g) The terra "Fiscal Year" shall mean Authority's fiscal year from September 1 through August 31, or such other annual fiscal year period as Authority may later determine. h) The term "Highest Lawful Rate" shall mean the maximum rate which Authority may charge on obligations payable under this Agreement without violation of any applicable law or any applicable lawful regulation of any agency of the State of Texas or of the United States having jurisdiction of the matter. i) The term "LCRA" means Louver Colorado River Authority. !} The term "LCRA Contract" means the "Water Sale Contract by and between Lower Colorado River Authority and Brazos River Authority, Purchaser" dated October 2000. k) The term "LCRA Rates" means the LORA rates and charges for sale of water for municipal purposes as delineated in Section 11. B. of the LCRA Contract. I) The term "LCRA Water" means the 26,000 acre-feet of water per year purchased by Brazos River Authority from LCRA pursuant to House Bill 1 437 of the 76th Texas Legislature Session. rn) The term "Municipal laser` shall mean the use of potable water within a community or municipality and its environs or ETJ for domestic, recreational, commercial, or industrial purposes or for the watering of golf courses, parks and parkways. n) The terns "Purchaser" shall mean city of Round Rock. o) The term "System" shall mean Authority's Water Supply System and shall include certain of Authority's facilities and properties insofar as they are related to making water available from the System, to wit, as follows: Morris Sheppard Dann and Possum Kingdom Reservoir, DeCordova Bend Darn and Lake Granbury, Sterling C. Robertson Darn and Lake Limestone, Authority's conservation storage in the Federal Reservoirs, and the LORA Water obtained pursuant to the LCRA Contract, together with all future extensions, improvements, enlargements, and additions to and replacements of the System, and all replacements thereof whether from surface water supplies, groundwater, or a combination thereof, specifically added to the System by resolution of the Board; provided that, notwithstanding the foregoing, the term System shall not include (i) any of Authority's facilities and properties not specifically included in the System by the terms of this Agreement or not added by a subsequent resolution of the Board, and (ii) any water supply, wastewater or other facilities which have been or are declared not to be a part of the System and which may be acquired or constructed by Authority with the proceeds from the issuance of "Special Facilities Bonds," which are hereby defined as being special revenue obligations of Authority which are not secured by or payable from the revenues of the System but which are secured by and payable solely from special contract revenues or payments received from any persons or other legal entity or entities in connection with such special facilities. p) The terra "System Agreements" means those certain raw water contracts titled "System Water Availability Agreement Between Brazos River Authority and city of Round Rock. q) The term "System Operation order" shall mean that certain order of the TCEQ or its predecessor dated July 23, 1964, as adjudicated by order of the TCEQ or its predecessor on June 28, 1985, in the Final Determination of all Claims of Water Rights in the Brazos River Basin and the San Jacinto-Brazos Coastal Basin Maintained by the Brazos River Authority, Fort Bend Count W.C.I.D. leo. 1 and Galveston County Water Authorily. The parties hereto acknowledge that the LCRA Water is not covered by the "System operation Order." r) The term "System Rate" or "SR"' shall mean the rate per acre--foot of water established by Authority from time to time under its system-wide pricing methodology. s) The term "Total Annual Budgeted System Costs" shall mean the amounts approved by Authority as estimated costs of the Systern in the annual budgets adopted by Authority for a given Fiscal Year including, without limitation, amounts budgeted to meet Annual System Operation and Maintenance Expenses and Annual Capital Related Costs. The parties hereto acknowledge that the term "Total Annual Budgeted System Costs"does not appear elsewhere in this Agreement. 3 t) The term "Total System Billing Units' shall mean the total amount of water (expressed in acre-feet) determined by Authority under accepted engineering practice as necessary to be reserved from firm yield produced by storage in the System to fulfill its commitments for which Authority receives payment under long terra tin excess of five years) water sales contracts with Purchaser and Authority's other customers; provided, however, such term shall not include amounts of water required by appropriate governmental authority to be reserved in the System for use for bay and estuary purposes, in-stream uses, or for other similar environmental, public, or other beneficial uses to the extent Authority is not adequately compensated for any such requirement. The parties hereto acknowledge that the terra "Total System Billing Units" does not appear elsewhere in this Agreement. 3. EFFECTIVE DATE. The effective date of this Agreement is November 1, 2000. 4. AVAILABILITY OF WATER. While this Agreement remains in force, Authority agrees to make available to Purchaser an amount of water not to exceed 9,484 acre-feet of water per Calendar Year under the following conditions: a) Notwithstanding anything herein to the contrary, Authority's obligation to make water available to Purchaser under this Agreement is subject to, and limited by, the rights of Authority to obtain the LCRA water pursuant to the LORA Contract. Purchaser acknowledges that Purchaser has received a copy of the LORA Contract and is familiar with the rights of Authority thereunder, and the limitations on Authority's rights thereunder to obtain the LORA Water. b) Authority may interrupt or curtail the water supplied to Purchaser under this Agreement to the extent Authority experiences interruption or curtailment of water supplied to it under the LCRA Contract for any reason. C) Water supplied under this Agreement shall only be used within the Area of Use. d) Purchaser acquires no property rights in the water made available to it under this Agreement beyond the right to have the water made available to it for diversion and use under the terms of this Agreement. This right of use extends to direct reuse (flange to flange) of the water available under this Agreement. Purchaser represents, and Authority relies on such representation, that all water to be made available by Authority under this Agreement to Purchaser shall be used solely for Municipal Use. 8. PRICING STRUCTURE a) The pricing structure for water rates under this Agreement is dependent upon the pricing structure of water made available to the Authority under the LCRA Contract. b) The LCRA Water is provided to Authority under the LCRA Contract pursuant to the following pricing structure: (1) The "Water Bate" for LCRA water is charged for water diverted and used during a calendar year. The current Water Rate is $115.00 per acre-foot of water per year. (2) The "Reserved Water Charge" for LCRA Water is charged for water under contract but not diverted and used during a calendar year. The Reserved Water Charge is 50% of the Water Rate, or currently $57.50 per acre- foot of water per year. (3) The "Inverted Block Rate" for LORA Water is charged for all water used in excess of the total contractual amount and is currently $219.00 per acre-foot of water per year. (4) The "Conservation Charge" for LCRA Water is currently 25% of the Water Rate, the Reserved water Charge, or the Inverted Block Rate, as applicable. (5) The current "Total LCRA Rates" for LCRA Water are as follows.. (a) The "Total LCRA Water Rate" is the Water Rate + the Conservation Charge, currently $143.75 an acre-foot. (b) The "Total LCRA Reserved !hater Charge" is the Reserved Water Charge + the Conservation Charge, currently $71.875 an acre- foot. (c) The "Total LCRA Inverted dock Rate" is the inverted Block Rate + the Conservation Charge, currently $250.00 an acre-foot.. (d) The Authority hereby makes water available to Purchaser at the cost the Authority is required to pay LCRA for water. (e) The Purchaser hereby acknowledges the fact that it is responsible for paying to the Authority all costs charged to the Authority by LORA for the 9,484 acre--feet of LCRA Water contemplated in this Agreement. c) Purchaser acknowledges the fact that the LCRA has the ability to increase rates at any time without notice, which in turn will simultaneously increase the rates to be paid under this Agreement. 6. DATE AND PLACE OF PAYMENTS. a) Payments to be made hereunder shall be made at Authority's office in Waco, McLennan County, Texas. Authority contemplates that by September 1 of each f=iscal Year it will have adopted budgets for Authority for said Fiscal Year and established the System Rate. Total LCRA Rates -will be adopted as set by the LCRA, which may be subsequent to September 1. Payments for each Fiscal Year may be made under one of three payment options from which Purchaser will select at the beginning of each Fiscal Year. The payment due at the beginning of each Fiscal Year will be for the water agreed to be provided during the next calendar year and shall be based on the Total LCRA Reserved Water Charge. Annual payments for water provided at the Total LCRA Reserved Water Charge shall be made on or before September 15 each Fiscal Year. The payment due at the beginning of each Fiscal Year will be for the water agreed to be provided during the next calendar year. Annual 5 payments shall be made on or before September 15 each Fiscal Year. Quarterly payments shall be made on or before September 15, December 15, March 15, and June 15 each Fiscal Year. Monthly payments shall be made on or before the fifteenth of each month each Fiscal Year. Quarterly payments or monthly payments shall include a multiplier to be applied to the annual payment to allow Authority to recover interest lost on any unpaid balance plus a service charge for administrative costs, including but not limited to costs involving the billing, accounting, and collecting for the quarterly or monthly payments. The multiplier to recover lost interest revenue and the service charge for administrative costs shall be determined on an annual basis and shall be just and reasonable. Since the Effective Date of this Agreement is November 1, 2006, the amount of water available to Purchaser and the payment owed by Purchaser will be prorated for the remaining months of the Calendar Year 2006. b) The charge for any water actually diverted and used during the next calendar year will be billed to Purchaser on a monthly basis based on actual diversion and usage for the previous month at the Total LCRA Water Rate. 7. SOURCE of PAYMENTS. The payments to be. made hereunder by Purchaser shall constitute operating expenses of Purchaser's water works system or Purchaser's combined water works and sewer system. Purchaser shall charge rates for ser vices of its water works system or its combined water works and sewer systems that will be sufficient to pay the operating and maintenance expenses thereof, including the payments provided for hereunder, and the interest on and principal of, as the same come due and mature, obligations issued by Purchaser now or hereafter payable from the revenues of said system or systems. B. INTEREST ON PAST DUE PAYMENT; COLLECTION. In the event of failure of Purchaser to make any payment to Authority provided to be made in this Agreement at the time when same shall be due, the past due payment shall bear interest at the lesser of the highest rate allowed by applicable law or 18 percent per year. Regardless of any other provision contained in this Agreement, Authority shall never be entified to receive, collect, or apply as interest under this Agreement any amount of money determined at a rate which exceeds the Highest Lawful Rate. if Authority ever charges, receives, collects, or applies as interest an amount in excess of that permitted by application of the Highest Lawful Rate, then any such amount which would be excessive interest shall be deemed a partial prepayment of amounts payable under this Agreement which do not constitute interest and shall be treated hereunder as such; and if all other obligations payable under this Agreement shall have been paid in full, then Authority shall refund the amount of such excessive interest. 9. REMEDIES FOR NONPAYMENT OR DEFAULT. Should Purchaser fail to make any payment. to Authority when due hereunder or otherwise be in default under this Agreement, Authority at its sole option and in addition to and without impairing any other remedy available to it on account of 6 the default, may elect to either (i) suspend its duty to make available water to Purchaser under this Agreement or (ii) terminate this Agreement, by providing written notice of such suspension or termination delivered to Purchaser on or before 30 days before the date specified in said notice of suspension or termination, provided that the nonpayment or other default with respect to which notice of suspension or termination of this Agreement has been given, shall not be cured by the date specified in such notice. nothing in this Agreement shall be construed in any manner so as to abridge, limit, or deprive either party hereunto of any means which it would otherwise have of enforcing any right or remedy either in law or in equity for breach of any of the provisions hereof. 10. REMEDIES FOR OVERUSE. Purchaser recognizes that any diversion of water in excess of its contractual amount may impact Authority's ability to rake available water to Authority's other raw water customers. Purchaser agrees that if for any reason it needs to exceed the contractual annual amount of water to be made available to it under this Agreement, Purchaser will give written notice to Authority 30 days in advance of the need for such additional water and in such notice will state the reason for the additional need, the amount of water needed to be made available, and the duration of the need. Authority, in its sole discretion, may make all or a portion of the requested water available. Should Authority determine that it can make all or a portion of the requested water available without adversely impacting its ability to make water available to its other customersT Purchaser agrees to pay for such water to be made available in advance at a rate that is equal to the then current Total LCRA Inverted Block Rate. Should Purchaser fail to notify Authority of its need for additional water to be made available, and exceed the contractual annual amount of ulster to be made available to it, or should Purchaser, after notification of Authority and Authority's determination that additional water is not available for Purchaser's use, nonetheless exceed the contractual amount of water to be made available to it, Authority may cancel this Agreement by providing written notice of such cancellation delivered to Purchaser on or before thirty (30) days before the date specified in said notice of cancellation provided the overuse to which notice of cancellation of the Agreement has been given shall not be cured by the date specified in such notice. Nothing in this Agreement shall be construed in any manner so as to abridge, limit, or deprive either party hereunto of any means which it would otherwise have of enforcing any right or remedy either in law or in equity for breach of any of the provisions hereof. FACILITIES. All new facilities that are located in the Area of Use that are used to transport raw water that is purchased pursuant to this Agreement exclusively may be owned and operated by LCRA, at its sole option. All new facilities or all substantial expansions to facilities that are located in the Area of Use that treat water or transport treated water that is purchased pursuant to this Agreement and that are constructed by BRA or LCRA shall be Brazos-Colorado Alliance projects. The LORA may own, at its sole option, a portion of any such facilities that is commensurate with the percentage that LCRA water (i.e., water supplied under the LCRA Contract) bears to the total amount of water supplied by BRA and LCRA for treatment or transportation by such facilities. For example, if twenty-five percent (25%) of the water used at an Alliance facility is supplied by LCRA under the LCRA contract, the LCRA may own twenty-five (25%) percent of that facility. All such facilities in the Area of Use, however, shall be operated by BRA. All new facilities and all substantial expansions to facilities that are located in the Area of Use that treat or transport treated water purchased pursuant to this Agreement that are constructed by Purchaser may be owned and/or operated by Purchaser if such ownership and/or operation is desired by Purchaser. Purchaser acknowledges that the economics of scale and efficiencies of use made possible by regionalization of water treatment facilities are highly desirable. Purchaser, therefore, agrees to negotiate in good faith with BRA and LCRA to maximize the potential for re ionalizativn of water 'treatment P 9 m nt and transportation facilities, either new facilities or substantial expansion of facilities, either new facilities or substantial expansion of facilities located in the Area of Use used to treat or transport water that is purchased pursuant to this Agreement. 12. METERING. Purchaser agrees that, at its sole cost and expense, it shall install. operate and maintain meters for the accurate measuring of all water diverted by Purchaser under this Agreement in order to aid Authority in accurately reporting actual water usage to the TCEQ as required by applicable law or regulation. Such meter or meters shall be tested and calibrated for accuracy by and at the expense of Purchaser once each fiscal year at intervals of approximately 12 months, and a report of such test and calibration shall be furnished to Authority. Authority shall be given at least two prior days notice of the time of any test and calibration of Purchaser's meters, or any of there, and Authority shall have the right to have a representative present at each test to observe the test and any adjustments found thereby to be necessary. Authority shall have the right to inspect and check the accuracy of Purchaser's meter or meters at any time during usual business hours after not less than one nor more than five (5) days notice. In the event any question arises at any time as to the accuracy of any such meter, such meter shall be tested promptly upon demand of Authority, the expense of such test to be borne by Authority if the meter is found to be correct and by Purchaser if it is found to be incorrect. Readings within 2% of accuracy, plus or minus, shall be considered correct. If, as a result 8 of any test, any meter is found to be registering inaccurately (i.e., in excess of 2% of accuracy, plus or minus), the readings of such meter shall be corrected at the rate of its inaccuracy for any period which is definitely known and agreed upon, but in case the period is not definitely known and agreed upon, then the shorter of the following periods shall be used as the basis for correction: a) a period extending back either 60 days from the date of demand for the test or, if no demand for the test was made, 80 days from the date of the test; or b) a period extending hack half of the time elapsed since the last previous test; and the records of readings shall be adjusted accordingly. Following each test of a meter, Purchaser shall cause the same to be calibrated to register accurately. 13. REPORTING. Purchaser agrees that it will keep accurate records of the daily readings from the meter or meters installed pursuant to Section 12., Metering! above. These records shall be subject to inspection by Authority at reasonable times and places. Purchaser shall submit reports to Authority by the 10th day of each month showing the amount of water diverted under this Agreement each day during the preceding month. 14. SYSTEM AGREEMENT. This Agreement does not affect the rights and obligations of Authority and Purchaser under the System Agreements. 15. CONSERVATION of WATER. It is the intent of the parties to this 9 Agreement to provide to the maximum extent practicable for the conservation of water, and Purchaser agrees that-it is a condition of this Agreement that it shall maintain and operate its facilities in a manner that.will prevent unnecessary waste of water. Authority, in accordance with applicable law or regulation, may from time to time adopt reasonable rules and regulations relating to water conservation. Purchaser agrees to abide by the "Brazos River Authority Drought Contingency Policy„ adopted by the Board on January 16, 1989, or any subsequent Drought Contingency Policy duly adopted by the Board and any Drought contingency Plans developed under the Draught Contingency Policy. If required by applicable law or regulation or by Authority, Purchaser agrees to implement a water conservation and drought management program in accordance with a water conservation plan and that the water made available and diverted by Purchaser pursuant to this Agreement will be used in accordance with such conservation plan, and with the regulations of the Texas Commission on Environmental Quality (or other appropriate regulating authority) applicable to retail public utilities. Purchaser further agrees to make available its water conservation and drought contingency programs to Authority and LCRA for review. If required by applicable law or regulation Purchaser agrees that, in the event Purchaser furnishes water or water services to a third party that in turn will furnish the water or services to the ultimate consumer, the requirements relative to water conservation shall be met through contractual agreements between 9 Purchaser and the third party providing for the establishment and implementation of a water conservation program in compliance with such applicable law or regulation_ If Purchaser fails to comply with its water conservation plan, Authority may, at its sole option terminate this Agreement without recourse unless such default is cured within thirty (30) days or, if the nature of such default is not susceptible to being cured within such thirty (30) day period, such longer period of time during which Purchaser diligently prosecutes the cure of such default, not to exceed ninety (90) days of Purchaser's receipt of written notice of such default. 16. WATER QUALITY. As a further condition of this Agreement, Purchaser also agrees that it will comply with applicable water quality standards of the State in the diversion, use, reuse, or discharge of water made available hereunder. should Purchaser be determined by any competent legal authority to have degraded the quality of treater of the State or to have violated any water quality standard established by law or lawfully adopted regulation, and subsequently fail to take action with reasonable diligence to correct such deficiency as directed by competent legal authority, such failure shall constitute an event of default under this Agreement. Authority, in accordance with applicable law or regulation, may from time to time adopt reasonable rules and regulations relating to water quality protection. if required by applicable law or regulation or by Authority, Purchaser agrees to implement appropriate water quality protection measures including, without limitation, a non-point source water pollution abatement. program in accordance with a non-point source water pollution abatement plan. 17. WATER SURPLUS To PURCHASER'S NEEDS. Purchaser may not unilaterally cancel this Agreement or reduce the amounts of water agreed to be made available to it and for which availability it is obligated to pay under the terms of Sections 5. and 6., above, except as provided in Section 24, below. Purchaser may not sell or make available to others the water agreed to be made available to it under this Agreement, except in the case of Municipal Use, as potable treated water. However, should Purchaser determine that it has water surplus to its anticipated needs from the water to be made available by Authority under this Agreement, Purchaser may notify Authority as to the amount of water no longer needed to be made available to it. Authority will use reasonable efforts to find a third party who is able and willing to pay for such availability for a period to the end of this Agreement. if Authority is successful in finding such a third party suitable to it to acquire Purchaser's interest in its available surplus for a period of time to the end of this Agreement, this Agreement will be amended to reduce the amount of water to be made available to Purchaser by the amount of availability paid for by such third party, and Purchaser will be relieved of the obligation to make payments for such availability of water. 10 18. SHORTAGES. Authority makes no guarantee that any lakes or other sources of supply in the Colorado River Basin will be maintained at any specific level at any particular time. Purchaser bears all transportation losses prior to final diversion. It is fully understood by the parties hereto that the level of lakes or other sources of supply in the Colorado River Basin will vary as a result of weather conditions beyond the control of Authority, and that this instrument is merely an agreement to require Authority to make available water when and if water is available to Authority under the Authority's LCRA Contract, and to allow Purchaser to make withdrawals of the water subject to the general law on distribution and allocation of water during shortages of supply. Authority covenants that it will use its best reasonable efforts to maintain and preserve its rights under the LCRA Contract. If for any reason the availability of water to Authority under the LCRA Contract is restricted, impaired, or otherwise limited, Authority agrees, and Purchaser covenants, that Authority may fairly and equitably apportion and ration the available water supply from the LCRA Contract among all its several customers receiving water from Authority as a result of the LCRA Contract, including Purchaser. 19. FORCE NIAJEURE. Notwithstanding anything herein to the contrary, neither party hereto shall be under any liability or be deemed in default with respect to its obligations under this Agreement for any failure to perform or for delay in performing such party's obligations hereunder (except for the obligation to pay money) where such failure or delay is due to force majeure, while and to the extent that such performance is prevented by such cause. The term force majeure means acts of God, fire, storm, flood, war, riots, sabotage, drought, lack of availability of water due to sedimentation, low inflows of water to, or lack of water supply from the Colorado River basin to be made available under the LCRA Contract, strikes or other differences with labor (whether or not within the power of the parties to settle same), decrees or orders of the courts or other governmental authority, or other similar or dissimilar causes not within the reasonable control of such party and not due to negligence of such party. Each party shall use due diligence to resume performance of any obligation suspended by force majeure at the earliest practicable time. 20. WAIVER. Any waiver at any time by any party of its rights with respect to default under this Agreement shall not be deemed a waiver of such rights with respect to any subsequent default or matter. 21. NOTICES AND CERTIFICATIONS. Notices and certifications provided for in this Agreement shall be in writing. The same shall be delivered by mailing certified mail, postage paid, return receipt requested, to the respective parties at the following addresses; 11 Authority: Brazos River Authority P.O. Box 7555 Waco, Texas 76714-7555 Telephone: (254) 761-3100 Fax: {254} 761-3207 Purchaser: city of Round Rock 221 E. Main St. Round Rock, Texas 78664 Telephone: 512^ 218-5400 Fax: 512-218-7007 Either party may change its address as shown above by written notice to the other party. Notices shall be deemed to have been delivered on the business day following their deposit in the United States mail, postage paid, and properly addressed and certified. 22. OTHER REQUIREMENTS. This Agreement is subject to all conditions, provisions, and limitations included in Authority's water rights frau the LCRA Contract. Further, this Agreement is subject to all applicable Federal, State and local laws, and any applicable ordinances, rules, orders and regulations of any local, State or Federal governmental authority having s jurisdiction. However, nothing contained in this Agreement shall be construed as a waiver of any right to question or contest any law, ordinance, order, rule, or regulation of any governmental authority. 23. SEVERABILITY. The provisions of this Agreement are severable, and if for any reason any one or more of the provisions contained in this Agreement shall be held to be invalid, illegal, or unenforceable in any respect, the invalidity, illegality, or unenforceability shall not affect any other provisions of this Agreement and this Agreement shall remain in effect and be construed as if the invalid, illegal, or unenforceable provision had never been contained in the Agreement. 24. ASSIGNMENT. This Agreement may be assigned by Purchaser only with the written consent of Authority, which consent shall not be unreasonably withheld or delayed. Only assignment of this entire Agreement will be approved. Releases of lesser obligations must be authorized under Section 17., Water Surplus to Purchaser's Needs, above. r 25. TERM OF AGREEMENT. The term of this Agreement shall begin on the Effective Date, Section 3., and shall end on August 31, 2051. If Authority is able to extend or renew its LORA Contract, Authority and Purchaser agree to negotiate in good faith regarding terms for extension or renewal of this Agreement. 12 If Purchaser is current on all payments due Authority under this Agreement, Purchaser may terminate this Agreement, in whole or in part, on February 15 of any year following the expiration of ten (10) years measured from the Effective Date of the LCRA Contract by providing six (6) months prior written notice to Authority, that is by August 15 of the year preceding the February 15 termination date. CITY of ROUND ROCK BRAZOS RIVER AUTHORITY By: By: Xeaxwell Phi ip J. Ford avy General Manager/CEG ATTEST: ATTEST: Christine Martinez, City Secretary 13