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R-96-05-09-14E - 5/9/1996C \WPDOCS \RESOLUTI \RS6O5098 WPO /kg RESOLUTION NO. R- 96- 05- 09 -14E WHEREAS, the City of Round Rock ( "City ") has long been a proponent of the regionalization of wastewater treatment in the upper Brushy Creek drainage basin in southwestern Williamson County, and WHEREAS, the Lower Colorado River Authority ( "LCRA ") and the Brazos River Authority ( "BRA ") have entered into an alliance ( "Alliance ") in order to implement cooperation and pooling of resources to, among other things, finance, construct and operate a regional wastewater treatment system for the upper Brushy Creek drainage basin, and WHEREAS, the Alliance has proposed that certain wastewater Disposal Contract ( "Contract "), a copy of which is attached hereto as Exhibit "A" and incorporated herein, which Contract provides for the LCRA to finance and construct, and for BRA to operate and maintain the Brushy Creek regional wastewater treatment system, and WHEREAS, the City Council wishes to approve said Contract and authorize the Mayor to execute same, subject to negotiation and approval of the final terms by the City Manager and City Attorney, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Contract with the Alliance is generally approved by the Council and, subject to the negotiation and approval of the final terms by the City Manager and City Attorney, the Mayor is hereby authorized and directed to execute said Contract on behalf of the City. RESOLVED this 9th day of May, 1996. ATTEST: LAND, City Secretary 2. CHARLES CULPEPPER, Mayor City of Round Rock, Texas IE POWER TO MAKE A DIFFERENCE. Mr. Jesus Garza City Manager City of Austin P. 0. Box 1088 Austin, Texas 78767 Mr. Don Birkner City Manager City of Cedar Park P. 0. Box 1090 Cedar Park, Texas 78613 -1090 Mr. Robert Bennett City Manager City of Round Rock 221 East Main Round Rock, Texas 78664 Gentlemen: May 2, 1996 Re: Brushy Creek Regional Wastewater System I am enclosing for you copies of a revised draft (both a blacklined and clean copy) of the Wastewater Disposal Contract among the Lower Colorado River Authority and Brazos River Authority and each of the three customer cities in the above- referenced project. The new contract draft represents BRA's and LCRA's best efforts to respond to as many of the written comments of and discussions with the three different cities as we can. Along with the revised draft contract, you will find a revised Engineering Report which further reflects our most recent understanding of the project as a result of these discussions. We need any additional comments from the customer cities as soon as possible. We plan to work with each of you, and particularly with the staff of the City of Round Rock, between now and May 9 to incorporate as many additional changes to the contract as may be necessary so that the Round Rock City Council, on May 9, may approve the contract and authorize execution of same on behalf of Round Rock. In that connection, BRA and LCRA are continuing to work between themselves on portions of the contract which relate to the Alliance only, and will provide changes in that regard to you as soon as possible. We are also working on an addendum to this three -party contract which would serve to implement appropriate changes to the contract to apply The 'fusion of (be Lower Colorado River Authority (LCRA) is to provide reliable. low -cost uuhty and public senices In partnership with our customers and conumu lttee and to use our leadership role and environmental authority to ensure the protection and constructive use of the area's natural resources. The LCR4 is a Tesas cmisenation and reclamation district operating with no taxing authority PO. BOX 220 AL:,rI9. TX 78767.0220 (512) 977.1200 (512) 971 -1296 FAX during the period of time after Round Rock and the Alliance have executed the Agreement but the other two cities have not yet entered into the contract. Copies of those additional changes will be supplied to you as appropriate. We appreciate the diligent efforts of your staffs over the last several weeks to provide us input for this new draft contract and look forward to working with you to consumate it. LOWER COLORADO RIVER AUTHORITY Very truly yours, Joseph J. Beal, P.E. Manager, WaterCo. TABLE OF CONTENTS ARTICLE I DEFINITIONS Section 1.01. DEFINITION OF TERMS 6 Section 1.02. INTERPRETATION. 15 ARTICLE II DESIGN, ACQUISITION AND CONSTRUCTION OF SYSTEM BY THE ALLIANCE Section 2.01. GENERAL. 15 Section 2.02. ACQUISITION AND CONSTRUCTION OF PHASE I OF THE SYSTEM 15 Section 2.03. PERMITS. 15 Section 2.04. PAYMENT OF PROJECT COSTS. 15 Section 2.05. CONDITIONS PRECEDENT TO SERVICE. 16 Section 2.06. ALLIANCE MODIFICATIONS. 17 ARTICLE III OPERATION OF SYSTEM BY BRA Section 3.01. OPERATION 17 Section 3.02. COMPETITIVE BIDS. 17 Section 3.03. PAYMENTS TO BRA FOR OPERATION OF SYSTEM 18 Section 3.04. BRA MANAGEMENT FEE. 18 Section 3.05. COOPERATION DURING MAINTENANCE OR EMERGEN- CY. 18 ARTICLE IV DISCHARGE OF WASTEWATER AND METERING Section 4.01. DISCHARGE QUANTITIES. 18 Section 4.02. DISCHARGE QUALITY. 19 Section 4.03. POINT(S) OF ENTRY. 19 Section 4.04. RATE AND QUANTITY AT POINT(S) OF ENTRY. 19 Section 4.05. SYSTEM LIMITATIONS. 19 Section 4.06. LIABILITY FOR DAMAGES AND RESPONSIBILITY FOR TREATMENT AND DISPOSAL OF WASTEWATER 19 Section 4.07. METERING. 20 Section 4.08. UNIT OF MEASUREMENT. 20 ARTICLE V OUALITY AND TESTING Section 5.01. GENERAL. 21 Section 5.02. REGULATIONS 22 Section 5.03. INDUSTRIAL WASTES 22 ARTICLE VI ACOUISITION AND CONSTRUCTION OF SYSTEM Section 6.01. PHASING OF SYSTEM IMPLEMENTATION. 23 Section 6.02. CONSTRUCTION OF REMAINDER OF PHASE I OF THE SYSTEM 23 Section 6.03. CONSTRUCTION OF PHASE II 23 Section 6.04. CONSTRUCTION OF EXPANSIONS 24 ARTICLE VII SYSTEM BUDGETS AND CHARGES Section 7.01. ESTABLISHING BUDGETS AND CHARGES. 26 Section 7.02. CHANGES FROM CUSTOMER DISPUTES. 27 Section 7.03. CHANGES FROM ADDITIONAL CUSTOMERS AND EMER- GENCIES. 27 Section 7.04. CAPITAL CHARGE. 27 Section 7.05. FLOW CHARGES 30 Section 7.06. HOW, WHEN AND WHERE PAYMENTS ARE TO BE MADE 31 Section 7.07. DEFAULT. 31 Section 7.08. LCRA MANAGEMENT FEE. 32 ARTICLE VIII GENERAL PROVISIONS Section 8.01. OBLIGATIONS OF CUSTOMERS. 33 Section 8.02. PAYMENTS TO CONSTITUTE OPERATING EXPENSES OF CUSTOMER. 33 Section 8.03. CUSTOMERS TO ESTABLISH ADEQUATE RATES. 33 Section 8.04. MANDAMUS AND OTHER REMEDIES AGAINST CUSTOM- ERS. 33 Section 8.05. CUSTOMER REMEDIES. 34 Section 8.06. USE OF PUBLIC PROPERTY. 34 Section 8.07. FORCE MAJEURE. 34 i1 Section 8.08. INSURANCE 34 Section 8.09. REGULATORY BODIES. 35 Section 8.10. ADDITIONAL CAPACITY AND FACILITIES. 35 Section 8.11. CONTRACTS WITH OTHERS IN RELATION TO SYSTEM. 35 Section 8.12. ANNUAL REPORT AND AUDIT OF SYSTEM 36 Section 8.13. GOVERNMENTAL REGULATIONS 36 Section 8.14. OPERATION OF THE SYSTEM. 36 Section 8.15. NO ADDITIONAL WAIVER IMPLIED 36 Section 8.16. ADDRESSES AND NOTICE. 37 Section 8.17. MODIFICATION. 37 Section 8.18. ASSIGNABILITY. 38 Section 8.19. SEVERABILITY. 38 Section 8.20. MERGER. 38 Section 9.01. COMPOSITION OF ADVISORY COMMITTEE. 38 Section 9.02. RESPONSIBILITY OF ADVISORY COMMITTEE 38 Section 10.01. ISSUES Section 10.02. Section 10.03. DISPUTES Section 10.04. Section 10.05. Section 10.06. Section 11.01. Section 11.02. ARTICLE IX ADVISORY COMMITTEE ARTICLE X NEGOTIATION AND MEDIATION OF DISPUTES AGREEMENT TO NEGOTIATE FIRST TO RESOLVE 39 AGREEMENT TO MEDIATE 39 PRESENTATION OF WRITTEN CLAIM REGARDING NOT RESOLVED BY NEGOTIATION. 39 PERFORMANCE DURING MEDIATION. 39 APPOINTMENT OF MEDIATOR. 40 RULES FOR MEDIATION. 40 ARTICLE XI EFFECTIVE DATE AND TERM OF AGREEMENT EFFECTIVE DATE. 41 TERM OF AGREEMENT. 41 iii WASTEWATER DISPOSAL CONTRACT RECITALS DRAFT 5/2/96 @ 2 p.m. This agreement (the "Agreement ") is entered into between the Brazos River Authority ( "BRA "), the Lower Colorado River Authority ( "LCRA ") acting together pursuant to the Brazos - Colorado Water Alliance (the "Alliance "), the City of Austin ( "Austin "), the City of Round Rock ( "Round Rock ") and the City of Cedar Park ( "Cedar Park"), all of such parties other than BRA and LCRA being collectively referred to as the "Customers." WHEREAS, LCRA and BRA have recognized that there are areas in the vicinity of the boundaries of the Colorado and Brazos River Basins in which each can provide services which can be better provided if they cooperate and pool resources. WHEREAS, pursuant to such recognition, they have entered into the Alliance in order to implement such cooperation and pooling of resources which include financial and engineering resources of LCRA and similar resources of BRA, together with experience in the operation of regional sewerage systems of BRA. WHEREAS, the Alliance is not a separate entity, but a cooperative effort and dedication of resources of LCRA and BRA. WHEREAS, the undertakings of each of LCRA and BRA provided for in this Agreement are in furtherance of the purposes of the Alliance and are, in that sense, activities of the Alliance. WHEREAS, because the Alliance is not a separate entity, the undertakings of each of LCRA and BRA in this Agreement, though in furtherance of the purposes of the Alliance, are undertakings of the party specified as making same and are, in no sense, undertakings of the other, so that each of LCRA and BRA shall be solely responsible for its own undertakings provided in this Agreement and, though such undertakings are all made in furtherance of the purposes of the Alliance, neither LCRA nor BRA shall be responsible for the performance by the other of its undertaldngs provided herein. WHEREAS, on or about December 16, 1985, the Brushy Creek Water Control and Improvement District No. 1 of Williamson and Milam Counties (the "WCID "), Austin, Round Rock, Williamson County Municipal Utility District No. 2 (now known as "Brushy Creek Municipal Utility District ") and Williamson County Municipal Utility District No. 3 entered into an agreement (the "1985 Agreement ") setting forth terms and conditions for the design, construction, operation and maintenance of a regional wastewater transportation and treatment system intended to provide wastewater collection, transportation, treatment and disposal services for the WCID's customers. WHEREAS, Brushy Creek Municipal Utility District (formerly known as "Williamson County Municipal Utility District No. 2 ") later withdrew from participation under the 1985 Agreement and the 1985 Agreement subsequently expired of its own terms. WHEREAS, on or about April 11, 1988 Austin, Round Rock and the WCID entered into a certain "Wastewater Disposal Agreement" (the "1988 Agreement "), setting forth terms and conditions and reaffirming the desire of those parties to participate in the joint financing, construction, operation and maintenance of a downscaled version of the WCID's system (the "WCID System ") intended to provide wastewater transportation and treatment services for that portion of the Brushy Creek watershed located within the respective corporate limits and /or extraterritorial jurisdictions of Austin and Round Rock. WHEREAS, on or about January 30, 1989, Austin, Round Rock and the WCID, acting pursuant to Section 10.02 of the 1988 Agreement, amended the 1988 Agreement by entering into Amendment No. 1 thereto (the 1988 Agreement and Amendment No. 1 thereto being hereafter collectively referred to as the "Wastewater Disposal Agreement ") and executed that certain Interim Wastewater Disposal Agreement (the "Interim Agreement ") whereunder the WCID secured interim wastewater transportation and treatment services from Round Rock in order to provide interim wastewater transportation and treatment services to Austin pending construction of the WCID System. WHEREAS, pursuant to the Wastewater Disposal Agreement, the cost of constructing the components of the WCID System was borne completely by Austin and Round Rock in accordance with the pro rata shares described more particularly therein. WHEREAS, pursuant to the Wastewater Disposal Agreement, the WCID commenced performance of its responsibilities for the benefit of Austin and Round Rock. WHEREAS, pursuant to the Wastewater Disposal Agreement, the WCID, among other things, acquired or constructed, as appropriate, in its name for the benefit and at the expense of Austin and Round Rock, engineering studies and plans of the proposed WCID System, a wastewater discharge permit and designation of the WCID as the regional provider of wastewater services for a portion of the Brushy Creek watershed, portions of the proposed wastewater collection and transportation components of the WCID System and certain easements and property rights appurtenant thereto. WHEREAS, in addition to certain wastewater facilities, studies, permits, easements and property rights acquired by or transferred to the WCID for the WCID System, Austin and Round Rock transferred to the custody and control of the WCID certain funds, equipment and other assets for use in connection with the construction, operation and maintenance of the WCID System. WHEREAS, Austin and Round Rock also respectively acquired or constructed or determined to utilize in their own name certain land, wastewater facilities and property rights in contemplation of the later use by or dedication of same to the WCID. -2- WHEREAS, Austin and Round Rock determined that, due to the earlier withdrawal of all participants except Austin and Round Rock and the consequent downscaling of the WCID System to serve only Austin and Round Rock and their respective customers, the further participation of the WCID was no longer required and that the joint financing, acquisition, construction, reconstruction, operation, maintenance and decommissioning of the WCID System could be more efficiently conducted as a joint endeavor of Austin and Round Rock. WHEREAS, as a consequence of such determination and by virtue of that certain "Agreement for Termination of Brushy Creek Regional Wastewater Disposal Agreement" effective September 19, 1994, as amended on September 18, 1995 and March _, 1996 (the "Termination Agreement "), Austin, Round Rock and the WCID have set forth terms and conditions for termination of the Wastewater Disposal Agreement, for transfer of all WCID System assets acquired or constructed by the WCID to Austin and Round Rock and for assumption by Austin and Round Rock of all WCID System obligations, liabilities and responsi- bilities. WHEREAS, pursuant to the Wastewater Disposal Agreement, Round Rock had agreed that a portion of the Round Rock wastewater system known as the East Round Rock Wastewater Treatment Plant, plant site and appurtenances (the "East Plant "), would be dedicated to and become a part of the Regional System and that the first phase of the WCID System treatment plant would include the phased integration of the East Plant into the WCID System treatment plant. WHEREAS, subsequent to the execution of the Termination Agreement, Round Rock also determined it feasible and prudent to rehabilitate the Round Rock West Wastewater Treatment Plant (hereafter, the "West Plant ") and increase Round Rock's participation in the WCID System to accommodate the treatment of wastewater flows treated at its West Plant pending that plant's rehabilitation. WHEREAS, patterns of growth and wastewater volumes have not occurred in the Brushy Creek watershed as anticipated at the time of execution of the Wastewater Disposal Agreement, making it necessary to revise the previous engineering projections of wastewater transportation and treatment needs in the Brushy Creek watershed. WHEREAS, Austin and Round Rock desire to proceed with termination of their previous relationship with the WCID. WHEREAS, however, there remains a need to establish in the portion of the Brushy Creek watershed upstream of the East Plant, generally in the area outlined in the Engineering Report (as hereinafter defined), a regional wastewater collection, treatment and disposal system for the purpose of providing facilities to adequately receive, transport, treat and dispose of wastewater in such area. WHEREAS, the Texas Water Development Board has, pursuant to Chapter 26, Texas Water Code, declared this area of the Brushy Creek watershed to be in need of a regional -3- wastewater collection, treatment and disposal system [31 T.A.C. §351.111 - 351.113, adopted 10 Tex. Reg. 3217 (8- 23- 1985)]. WHEREAS, each of the Customers desires to accomplish the implementation of a regional wastewater collection, treatment and disposal system for the benefit of the Customers and Additional Customers (as hereafter defined). WHEREAS, the collective financial, engineering and operational resources and expertise of LCRA and BRA, acting in furtherance of the purposes of the Alliance, can be utilized to assist in the implementation of the regional wastewater collection, treatment and disposal system (hereafter, the "System ") which the Customers desire to have implemented. WHEREAS, LCRA and BRA, acting in furtherance of the purposes of the Alliance, are agreeable to providing such resources and expertise. WHEREAS, because of anticipated rapid growth of the population to be served by the System, it is desirable that some of the facilities, particularly those related to the transportation of wastewater, needed to be completed as part of the initial phase of the System which Customers desire to be implemented should be sized so as to be capable of handling larger quantities of wastewater than are being generated under existing conditions. WHEREAS, Austin, Round Rock and the WCID are implementing the Termination Agreement which will result in Austin and Round Rock owning, jointly and severally, all of the assets formerly held by the WCID as part of the WCID System. WHEREAS, subsequent to implementation of the Termination Agreement, Austin intends to transfer to Cedar Park an undivided interest in certain of the assets then owned by Austin as a result of implementation of the Termination Agreement and Austin's participation in efforts to implement the WCID System, all as contemplated in that certain "Agreement" between Austin and Cedar Park dated January 11, 1996, relating to such matters and the transfer of certain lands from the extraterritorial jurisdiction of Austin to the extraterritorial jurisdiction of Cedar Park (the "Austin /Cedar Park Transfer Agreement "). WHEREAS, upon implementation of the Termination Agreement and the Austin /Cedar Park Transfer Agreement, Austin, Cedar Park and Round Rock will each own undivided interests in certain of the assets formerly utilized in connection with the WCID System, and Austin and Round Rock will also own, individually, certain other assets associated with the WCID System. WHEREAS, Austin is willing to allow LCRA to acquire certain of these wastewater related assets as more particularly described on Exhibit _ hereto (hereafter, the "Austin Regional System Assets ") as provided in that certain "Agreement for Acquisition of Wastewater System Assets" between Austin and LCRA of even date herewith (the "Austin /Alliance Acquisition Contract ") to be utilized by BRA and LCRA, in furtherance of the purposes of the Alliance, in connection with and to be part of the System. -4- WHEREAS, Round Rock is willing to allow LCRA to acquire certain of these wastewater related assets as more particularly described on Exhibit _ hereto (hereafter, the "Round Rock Regional System Assets ") as provided in that certain "Agreement for Acquisition of Wastewater System Assets" between Round Rock and LCRA of even date herewith (the "RR/Alliance Acquisition Contract") to be utilized by BRA and LCRA, in furtherance of the purposes of the Alliance, in connection with and to be part of the System. WHEREAS, Cedar Park is willing to allow LCRA to acquire certain of these wastewater related assets as more particularly described on Exhibit _ hereto (hereafter referred to as the "Cedar Park Regional System Assets ") to LCRA as provided in that certain "Agreement for Acquisition of Wastewater System Assets" between Cedar Park and LCRA of even date herewith (the "CP/Alliance Acquisition Contract ") to be utilized by BRA and LCRA, in furtherance of the purposes of the Alliance, in connection with and to become part of the System. WHEREAS, the Customers desire to discharge wastewater from their wastewater collection systems into the System, which System is proposed to be acquired and construction thereof continued by LCRA, acting in furtherance of the purposes of the Alliance, as described in the Engineering Report, in order to achieve efficiencies of cost and operation and to protect and preserve the environment of the Brushy Creek watershed. WHEREAS, LCRA, acting in furtherance of the purposes of the Alliance, is willing to acquire, construct, improve and expand the System to receive Wastewater from the Customers' wastewater collection systems and BRA, acting in furtherance of the purposes of the Alliance, is willing to operate the System in order to treat and dispose of such Wastewater. WHEREAS, in that connection, LCRA is willing to provide engineering, technical and other assistance for the System and to advance financial assistance by providing that the System will be part of the "LCRA System" as now or hereafter defined in the resolutions authorizing and goveming LCRA's Priority Revenue Bonds, LCRA's Junior Lien Revenue Bonds and LCRA's Commercial Paper Notes (collectively, the "LCRA Debt '). WHEREAS, BRA, acting in furtherance of the purposes of the Alliance, is willing to operate and maintain the System in order to receive wastewater from the Customers' wastewater collection systems and to treat and dispose of such wastewater. WHEREAS, BRA, LCRA and the Customers are authorized to make this Agreement under the provisions of Chapter 30, Texas Water Code; Section 791.026, Texas Government Code; and other applicable provisions of state law. WHEREAS, the parties hereto recognize: (a) That LCRA and BRA, acting in furtherance of the purposes of the Alliance, will use the payments to be received under this Agreement for the payment of the expenses of acquiring, constructing, financing and operating the System and for ultimate repayment to LCRA of the funds advanced; -5- (b) That contracts similar to this Agreement may be executed in the future between LCRA, BRA and Additional Customers to expand or otherwise utilize the System; (c) That LCRA and BRA, acting in furtherance of the purposes of the Alliance, may use funds of one or both or proceeds of Bonds (as herein defined) sold by one or both to raise funds to finance the acquisition and construction of the System and to initially fund the Repair and Replacement Reserve Fund. (d) That BRA, acting in furtherance of the purposes of the Alliance, intends to use funds supplied by BRA to initially fund the Operation and Maintenance Reserve Fund for the System. (e) That LCRA (and, under certain circumstances, BRA), acting in furtherance of the purposes of the Alliance, may use its own funds or issue Bonds from time to time in the future to repair, replace, restore, expand, extend, enlarge and improve the System, both for provision of better service to the Customers and the provision of service. to Additional Customers; and (f) That LCRA, BRA and the Customers are subject to all valid rules, regulations and requirements of the Texas Natural Resource Conservation Commission, the Environmental Protection Agency and such State, federal and local laws, rules and regulations as now exist or may be enacted during the term of this Agreement. NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, LCRA and BRA, each acting in furtherance of the purposes of the Alliance, and the Customers do hereby contract and agree as follows: ARTICLE I DEFINITIONS Section 1.01. DEFINITION OF TERMS. Terms and expressions as used in this Agreement, unless the context clearly shows otherwise, shall have the following meanings: (a) "Accumulated Coverage" means the amounts, together with interest earnings thereon, received by LCRA or BRA from Capital Charges consisting of the coverage requirements specified in subsection (iii) of the definition of Bond Costs herein, which shall, subject to- the provisions of any covenants contained in the resolutions authorizing and governing the LCRA Debt, be accumulated for and inure to the benefit of the System and be used by LCRA or BRA for the purpose of paying future Project Costs. (b) "Additional Customer" means any party, excluding initial Customers, with whom LCRA and BRA make a contract substantially in form and substance restating this Agreement for receiving, transporting, treating and disposing of wastewater through the System. -6- (c) "Advisory Committee" means the committee created by Article X of this Agreement. (d) "Agreement" means this agreement. (e) "Annual Operation and Maintenance Expense Requirement" means the annual amount, as provided in Article VII, budgeted for all Operation and Maintenance Expenses during any Fiscal Year. The Annual Operation and Maintenance Expense Requirement does not include any portion of the Annual Project Requirement. (f) "Annual Project Requirement" means the annual amount, as provided in Article VII, budgeted for the capital related costs of the System, including, without limitation, that year's Bond Costs, any GIF Advance Costs, and the LCRA Management Fee. The Annual Project Requirement does not include any portion of the Annual Operation and Maintenance Expense Requirement. (g) "Annual Project Requirement - Downstream Collection System" means that portion of the Annual Project Requirement attributable to the Downstream Collection System in accordance with the provisions of Section 7.04. (h) "Annual Project Requirement - Treatment Facilities" means that portion of the Annual Project Requirement attributable to the Treatment Facilities in accordance with the provisions of Section 7.04. (i) "Annual Project Requirement - Upstream Collection System" means that portion of the Annual Project Requirement attributable to the Upstream Collection System in accordance with the provisions of Section 7.04. (j) "Austin" means the City of Austin. (k) "Austin /Cedar Park Transfer Agreement" means that certain "Agreement" entered into on January 11, 1996, between Austin and Cedar Park relating to the transfer of certain land from the extraterritorial jurisdiction of Austin to the extraterritorial jurisdiction of Cedar Park. (1) "Austin /Alliance Acquisition Contract" means that certain "Agreement for Acquisition of Wastewater System Assets" of even date with this Agreement between Austin and LCRA providing for the transfer of the Austin Regional System Assets. (m) "Austin Regional System Assets" means the land, wastewater facilities and property rights to be sold and /or leased by Austin to LCRA pursuant to the terms of the Austin /Alliance Acquisition Contract. (n) "Bond" means any bond, note or other evidence of indebtedness to be issued by LCRA or BRA pursuant to this Agreement to provide temporary, interim or permanent financing for the acquisition, construction, expansion, extension, enlargement, -7- improvement or repair of the System, whether one or more issues, or any bond issued to refund the same, or issued for any purpose necessary to acquire, construct, expand, extend, enlarge, improve or repair the System, but does not include any other bonds of LCRA or BRA issued heretofore or hereafter for any other LCRA or BRA purpose. (o) "Bond Costs" means (i) the payments due with respect to Bonds, including the principal of and redemption premium, if any, and the interest on Bonds, if any, issued by LCRA or BRA as such become due during any Fiscal Year, less interest to be paid out of Bond proceeds as permitted by the Bond Resolution; plus the amounts, if any, required to be deposited to restore any deficiency in the debt service reserve fund in accordance with the provisions of the Bond Resolution; plus (ii) any amounts required to pay charges, fees or expenses of any trustee, paying agent or registrar for the Bonds; plus (iii) the larger of the amount necessary to provide for any required coverage on any proposed or outstanding Bonds or the amount necessary to provide the coverage specified below, which amount the parties agree is appropriate and reasonable in any event to prudently finance the System: (1) FY 1997: 1.02 times that year's principal and interest on any outstanding Bonds; (2) FY 1998: 1.04 times that year's principal and interest on any outstanding Bonds; (3) FY 1999: 1.06 times that year's principal and interest on any outstanding Bonds; (4) FY 2000: 1.08 times that year's principal and interest on any outstanding Bonds; (5) FY 2001 and beyond: 1.10 times that year's principal and interest on any outstanding Bonds. (p) "Bond Issuance Costs" means all reasonable costs associated with the authorization, issuance, sale and delivery of the Bonds, including all legal, financial advisory, engineering, rating, credit enhancement and similar fees related thereto, expenses of printing the Bonds, expenses to retain a trustee, paying agent or registrar for the Bonds, advertising expenses, capitalized interest and all other out -of- pocket expenses directly related to the authorization, issuance, sale and delivery of the Bonds. (q) ' "Bond Resolution" means any resolution of the Board of Directors of LCRA or BRA authorizing the issuance of Bonds and providing for their security and payment, as such resolution may be amended from time to time as therein permitted; without limitation, "Bond Resolution" shall include any trust indenture pursuant to which the Bonds are issued. -8- (r) "BRA Management Fee" means a fee of seven percent (7 %) of the amounts (other than the BRA Management Fee) budgeted for the Annual Operation and Maintenance Expense Requirement each year. (s) "Capital Charge" means the amount to be paid each month calculated in accordance with Section 7.04 of this Agreement and owed by each of the Customers and Additional Customers to pay for the Annual Project Requirement. (t) "Cedar Park" means the City of Cedar Park. (u) "Cedar Park Regional System Assets" means the land, wastewater facilities and property rights to be sold by Cedar Park to LCRA pursuant to the terms of the CP /Alliance Acquisition Contract. (v) "Cedar Park Treatment Plant" means Cedar Park's existing 2.5 MGD wastewater treatment plant located at , which is proposed to be acquired by LCRA pursuant to the CP /Alliance Acquisition Contract. (w) "Commission" means the Texas Natural Resource Conservation Commission. (x) "Contractual Flow" means, for any particular Customer, the amount of Wastewater projected to be discharged by that Customer in a particular year (initially, in the amounts set forth on Exhibit _J or such other amount as may be required or permitted to be established pursuant to Section 7.04. (y) "CP /Alliance Acquisition Contract" means that certain "Agreement for Acquisition of Wastewater System Assets" dated of even date with this Agreement between Cedar Park and LCRA providing for the sale of certain wastewater treatment assets by Cedar Park to LCRA. (z) "Customers" means Austin, Cedar Park and Round Rock. (aa) "Downstream Collection System" means that portion of the System consisting of the System's interceptor line from Node B -3 downstream to the East Plant, as described in the Engineering Report. (bb) "East Plant" means Round Rock's 2.5 MGD wastewater treatment plant and appurtenances Located at , and any improvements or expansions thereto currently under design, engineering or construction by Round Rock or the WCID. (cc) "Engineering Report" means the report prepared by LCRA entitled dated 1996, hereby incorporated herein by reference, which defines the elements of the System currently -9- contemplated, the estimated construction costs, the proposed construction schedule and other pertinent matters. (dd) "EPA" means the United States Environmental Protection Agency. (ee) "Expansion" means any facilities or equipment which constitute an expansion, extension or enlargement beyond Phased I and II of the System. (ft) "Expansion Year" means a year in which an Expansion of the Treatment Facilities of the System is projected to be needed (initially, in the years indicated in Exhibit or such other year as may be required or permitted to be established pursuant to Section 7.04. (gg) "Fiscal Year" means the twelve (12) month period beginning September 1 of each year. (hh) "Flow Charge" means the amount to be paid each month by each Customer and each Additional Customer calculated in accordance Section 7.05 of this Agreement and owed by each of the Customers and Additional Customers to pay for the Annual Operation and Maintenance Expense Requirement. (ii) "Funding" means the receipt from time to time by LCRA or BRA of the funds necessary to pay the Project Costs. (jj) "Funding Date" means the date or dates on which a Funding occurs. (kk) "GIF" means the LCRA System General Improvement Fund created with respect to the LCRA System in the resolutions authorizing and creating the LCRA Debt. (11) "GIF Advance" means a payment for any Project Cost by LCRA from the GIF, other than payments from Accumulated Coverage. (mm) "GIF Advance Costs" means the annual payments due from the Customers and Additional Customers with respect to a GIF Advance which amount shall consist of repayment of principal amounts advanced and carrying costs thereon amortized over a period substantially the same as if such amounts had been borrowed at the then current market interest rate and for a term of years by a governmental entity similar to LCRA and with a similar credit rating for a project similar to the System, and coverage on such annual amount calculated in the manner set forth in the definition of Bond Costs. (nn) "Initial Funding(s)" means the Funding(s) scheduled to occur beginning on or about July 1, 1996, and continuing thereafter as necessary to accomplish implementation of the RR/Alliance Acquisition Contract, the Austin /Alliance Acquisition Contract and the CP /Alliance Acquisition Contract and to design and construct the remainder of Phase I of the System. -10- (oo) "Initial Funding Date(s)" means the dates of the Initial Funding(s). (pp) "Interim Agreement" means that certain "Interim Wastewater Disposal Agreement" dated January 30, 1989, between Austin, Round Rock and the WCID, and providing for the use by the WCID of certain interim wastewater transportation and treatment services from Round Rock. (qq) "LCRA Debt" means LCRA's Priority Revenue Bonds, LCRA's Junior Lien Revenue Bonds and LCRA's Commercial Paper Notes. (rr) "LCRA Management Fee" means the fee to be paid to LCRA pursuant to Section 7.05 of this Agreement. (ss) "LCRA System" means the properties or interests therein owned by LCRA and now or hereafter defined as the LCRA "System" in the resolutions authorizing and governing the LCRA Debt. (tt) "Month" means a calendar month. (uu) "1988 Agreement" means that certain "Wastewater Disposal Agreement" dated April 11, 1988, between Austin, Round Rock and the WCID. (vv) "Operation and Maintenance Expense" means all direct and indirect costs of operation and maintenance of the System incurred by BRA or LCRA including, but not limited to: (1) repairs and replacements to the extent not: (i) paid from the Repair and Replacement Reserve Fund; (ii) paid from the Operation and Maintenance Reserve Fund; or (iii) repayable as part of Annual Project Requirement; (2) costs of maintaining any permits or licenses necessary to own, operate and maintain the System; (3) costs of labor, materials, utilities, supervision, engineering, accounting, auditing, legal and professional services, workers compensation insurance premiums for the System, property damage insurance premiums for the System and liability insurance premiums for the System; bilities; (4) expenses of the Advisory Committee in fulfilling its responsi- (5) BRA's and LCRA's costs of complying with this Agreement, including, but not limited to, its mediation provisions; (6) such other costs or expenses as may be imposed upon LCRA or BRA in connection with fulfillment of their obligations under this Agreement as a result of laws, regulations or requirements of the State of Texas, the United States, or of any agency or governmental subdivision of the State of Texas or any agency of the United States having jurisdiction; (7) costs of any other tools, supplies, inventory, services and equipment, together with administrative costs not otherwise included in this definition necessary for proper operation and maintenance of the System; (8) payments made by LCRA or BRA in satisfaction of judgments resulting from or settlement of claims not covered by the insurance maintained by LCRA or BRA or not paid by one particular Customer or Additional Customer arising in connection with the operation and maintenance of the System; (9) any and all expenses incurred by LCRA or BRA in connection with any litigation or administrative proceedings of any nature whatsoever concerning the System or LCRA's or BRA's responsibilities hereunder to any person, entity or party hereto; (10) the cost of restoration of the Operation and Maintenance Reserve Fund after expenditures are made therefrom with any such replenishment amounts to be amortized over a reasonable period of time at a reasonable carrying cost; and (11) the BRA Management Fee. Depreciation shall not be considered an item 'of Operation and Maintenance Expense. Operation and Maintenance Expenses shall not include any Project Costs. (ww) "Operation and Maintenance Reserve Fund" means the fund in an amount adjusted annually by BRA to equal one -sixth (1/6) of the Annual Operation and Maintenance Expense Requirement in order to provide moneys to operate and maintain the System in the event current revenues of the System are insufficient to meet the Operation and Maintenance Expenses of the System or pending receipt of payments from Customers and Additional Customers required hereunder. (xx) "Phase I of the System" means the facilities described in the Engineering Report, consisting of the assets to be initially transferred or sold to LCRA by Austin, Cedar Park and Round Rock and the remaining facilities anticipated to be augmented, improved, completed or constructed by LCRA during the period immediately following execution of this Agreement. -12- (yy) "Phase II of the System" means the facilities described in the Engineering Report and consists of those improvements that (i) extend and enlarge the System to provide expanded service to the Cedar Park city limits beyond the present capacity of Cedar Park's Treatment Plant and (ii) relieve the Onion Branch Pumpover. (zz) "Point of Entry" means a point at which Wastewater enters the System. (aaa) "POTW" means publicly owned treatment works as defined in 40 CFR 405.5(a). (bbb) "Project Costs" means all acquisition, construction and reconstruction costs as those terms are generally understood in standard accounting practice as applied to projects of the nature of the System and Bond Issuance Costs, if Bonds are issued to pay the Project Costs; and without limiting the generality of the foregoing, the term shall include the costs of obtaining all licenses and permits; purchase of equipment, property, rights in property, costs of land, easements and rights -of -way, including damages to land and property; engineering, inspections, administrative, auditing, legal expenses incurred in connection with the planning, development, acquisition and construction of the System; any and all tools and equipment required for the operation and maintenance of the System; costs of the same nature for any expansion, extension, enlargement, improve- ment or replacement of the System; the costs of establishing and replenishing the Repair and Replacement Reserve Fund; legal and other expenses incurred by LCRA or BRA in accomplishing the acquisition or construction of the System including any and all expenses incurred by LCRA or BRA in connection with any litigation or administrative proceedings of any nature whatsoever concerning the acquisition or construction of System or responsibilities of LCRA or BRA hereunder to any person, entity or party hereto. Project Costs will not include any Operation and Maintenance Expenses. (ccc) "Repair and Replacement Reserve Fund" means the fund, to be established initially by LCRA, in an amount of one percent (1 %) of the Project Costs expended at any given time or such other amount as LCRA and BRA may jointly determine to be appropriate given the age, condition and size of the System, and additional similar funds established by BRA or LCRA, the moneys from which will be used to pay costs of major repairs or replacements of the System which are such that they should be spread over a number of years rather than paid as a part of the Operation and Maintenance Expense in a single year. • (ddd) "Round Rock" means the City of Round Rock. (eee)• "Round Rock Regional System Assets" means the land, wastewater facilities and property rights to be sold by Round Rock to the Alliance pursuant to the terms of the RR/Alliance Acquisition Contract. (fff) " RR/Alliance Acquisition Contract" means that certain "Agreement for Acquisition of Wastewater System Assets" of even date with this Agreement between -13- Round Rock and LCRA providing for the sale and /or lease of the Round Rock Regional System Assets. (ggg) "System" means all of the facilities for receiving, measuring, transporting, treating and disposing of Wastewater primarily from Customers and Additional Customers generally in the Brushy Creek watershed, together with any expansions, extensions, enlargements or improvements to said facilities and any replacements of said facilities constructed or otherwise incorporated into said facilities in the future, which facilities are to be owned by LCRA and to be operated and maintained by BRA as provided herein. (hhh) "Termination Agreement" means that certain "Agreement for Termination of Brushy Creek Regional Wastewater Disposal Agreement" dated effective Septem- ber 19, 1994, and amended on September 18, 1995, and March 1996, between Austin, Round Rock and the WCID, setting forth the terms and conditions for termina- tion of the Wastewater Disposal Agreement and providing for certain other matters. (iii) "Treatment Facilities" means any wastewater treatment and disposal facilities acquired or constructed by LCRA or BRA to comprise a part of the System, including, without limitation, the West Plant, the East Plant and the Cedar Park Treatment Plant, together with any extensions, improvements, expansions or betterments thereof, or any additional similar facilities acquired or constructed by LCRA or BRA to be employed in connection with the System. (jjj) "Upstream Collection System" means that portion of the System consisting of the System's interceptor line from Node B -3 upstream, as described in the Engineering Report. (kick) "Wastewater" means liquid and water carried waste discharged from sanitary conveniences of dwellings, business buildings, institutions and the like including garbage which has been shredded to such degree that all particles will be carried freely under flow conditions normally prevailing in public sewers, with no particle greater than one -half (1/2) inch in any dimension and the liquid wastes from industrial processes, and includes any infiltration water that has migrated from the ground into the System. (111) "Wastewater Disposal Agreement" means the 1988 Agreement and Amendment No. 1 thereto, dated on or about January 30, 1989, between Austin, Round Rock and the WCID. (mmm) "WCID" means the Brushy Creek Water Control and Improvement District No. 1 of Williamson and Milam Counties. (nnn) "WCID System" means the regional wastewater transportation and treatment system being acquired, constructed and implemented by the WCID under the Wastewater Disposal Agreement including the Regional System Assets. -14- (000) "West Plant" means Round Rock's 3.0 MGD wastewater treatment plant and appurtenances located at Section 1.02. INTERPRETATION. Terms used in this Agreement with initial letters capitalized and not otherwise defined in this Agreement have the meanings assigned to them in Section 1.01. Except where the context otherwise requires, words imparting the singular number shall include the plural number and vice versa. Reference to any document means that document as amended or supplemented from time to time. Reference to any party or governmental regulatory agency means that entity and its successors and assigns. ARTICLE II DESIGN, ACQUISITION AND CONSTRUCTION OF SYSTEM BY THE ALLIANCE Section 2.01. GENERAL. In order to provide services for receiving, transporting, treating and disposing of Wastewater for the Customers and Additional Customers, LCRA will design and acquire or construct the System as described in the Engineering Report, will acquire all necessary lands, easements and rights -of -way, and from time to time will expand, extend, enlarge, improve and repair the System. LCRA shall exercise due diligence to complete acquisition and construction of phases of the System as set forth in the Engineering Report. BRA shall operate and maintain the System. Section 2.02. ACQUISITION AND CONSTRUCTION OF PHASE I OF THE SYSTEM. LCRA and the Customers agree to proceed as expeditiously as possible to consummate the transactions contemplated in the RR/Alliance Acquisition Contract, the Austin /Alliance Acquisition Contract and the CP /Alliance Acquisition Contract. It is anticipated that the Initial Funding for each of these contracts is, respectively, July 12, 1996; September 1, 1996; and September 1, 1996. Subject to execution of this Agreement and the CP /Alliance Acquisition Contract by Cedar Park, LCRA further agrees to proceed promptly with the acquisition and construction of the remainder of Phase I of the System as described in Article VI and to complete construction of Phase I (or other interim facilities, if appropriate) within two (2) years thereafter as necessary to the performance of its obligations hereunder subject to the provisions of Section 2.05 of this Agreement. Neither LCRA nor BRA shall be liable to the Customers for any damages occasioned by delay in the commencement of service to the Customers. Section 2.03. PERMITS. LCRA shall obtain and hold all permits and governmental approvals required for construction and ownership of System. BRA shall hold all permits and approvals for operation of the System. If, by virtue of regulatory, legal, financial or other requirements, it is necessary or appropriate that any such permit or approval should be held jointly in order for LCRA to own facilities operated by BRA, LCRA and BRA agree to fully cooperate with each other in efforts to obtain, hold and comply with such permits or approvals. Section 2.04. PAYMENT OF PROJECT COSTS. LCRA agrees that the System will be part of the LCRA System and that LCRA will pay all Project Costs related to the construction and acquisition of the System, or any Expansion thereof, from sources utilized by LCRA for -15- construction, acquisition and expansion of the LCRA System and in a manner which is financially prudent for both the LCRA System and the System. Such payment may be made from the proceeds of Bonds, from a GIF Advance, or from Accumulated Coverage. LCRA will inform the Advisory Committee of the source(s) of funds to be used to pay Project Costs, of the amortization and carrying costs to be utilized in connection therewith, if appropriate, and the anticipated effect of same on the Annual Project Requirement. Notwithstanding anything in this Agreement to the contrary, it is specifically agreed that Austin may, by giving ninety (90) days written notice ti) LCRA and BRA prior to a Funding of Project Costs for construction of all or any part of the Upstream Collection System, elect to pay its prorata share of any such Project Costs. To the extent Austin pays such costs, it shall not be charged any Capital Charge related to such portion of the Project Costs paid by it. LCRA or BRA, as appropriate, shall notify Austin at least sixty (60) days prior to a Funding Date of the amount required to be paid by Austin for its prorata share of such Project Costs, and Austin shall pay its prorata share on the Funding Date. Notwithstanding any such payment by Austin, legal title to any collection system lines, easements or property rights acquired or constructed as a result of payments by Austin shall be and remain in LCRA or BRA, as appropriate. Section 2.05. CONDITIONS PRECEDENT TO SERVICE. It is expressly understood and agreed that any obligation on the part of LCRA to acquire and construct, and BRA to operate, the System or all or part of Phase I thereof, as appropriate, shall be conditioned upon the following: (a) LCRA's obtaining sufficient funds to pay the Project Costs of the System, or all or part of Phase I thereof, as appropriate; (b) LCRA's ability to reasonably obtain all sites, rights -of -way, easements, labor, equipment and materials required for acquisition or construction of the System, or all or part of Phase I thereof, as appropriate; (c) BRA's and LCRA's obtaining all permits, approvals and licenses required to acquire, construct or operate the System, or all or part of Phase I thereof, as appropriate, including waste discharge permits issued by the Texas Natural Resource Conservation Commission or its successors and /or the United States Environmental Protection Agency; (d) before Wastewater service is commenced from the System to Round Rock or any Customer, consummation of the Termination Agreement and the RR/Alliance Acquisition Contract in accordance with the provisions thereof; (e) before Wastewater service is commenced from the System to Austin, consummation by all parties of the matters described in subsection (d) above and the Austin /Alliance Acquisition Contract in accordance with the provisions thereof; and -16- (f) before Wastewater service is commenced from the System to Cedar Park, consummation by all parties of the matters described in subsection (d) above and the CP /Alliance Acquisition Contract in accordance with the provisions thereof. Section 2.06. ALLL{1NCE MODIFICATIONS. BRA and LCRA may jointly modify their respective responsibilities to each other under this Agreement without approval of the Customers to the extent that such modification does not adversely affect service to the Customers. ARTICLE III OPERATION OF SYSTEM BY BRA Section 3.01. OPERATION. The System shall be operated by BRA. As the transactions in which LCRA is acquiring the assets of the System are closed, possession of the assets being acquired by LCRA for use in operation of the System shall be made available to BRA. Possession of facilities to be constructed by LCRA in connection with the remainder of Phase I or in connection with Phase II or any Expansion shall be made available to BRA as same become useful in operation of the System. Section 3.02. COMPBt'1'1IVE BIDS. Costs to Customers and Additional Customers for Operation and Maintenance Expenses shall be of primary importance to BRA. Should a private operator be conducting the day - to-day operation of any facilities to be purchased by LCRA for incorporation into the System at the time such facilities are delivered to BRA for operation, BRA will, upon termination of the arrangements under which such private operator is engaged at the time of the delivery, estimate the annual cost of operation if BRA, itself, should undertake day - to -day operation of such facilities and compare such estimated costs with the costs of continued day -to -day operation by such private operator and will endeavor to make arrangements for continued day -to -day operation by the private operator if the comparison indicates that such continued day -to -day operation will result in lower costs than those estimated to be incurred if the day -to -day operation is undertaken by BRA using its own employees. Additionally, BRA will evaluate taking competitive bids or proposals for day -to -day operation of the System (1) upon specific request made by the Advisory Committee, provided that such requests shall be made no more frequently than once in every five -year period and (b) at any time when there is any increase in Operation and Maintenance Expense (exclusive of any items of such expense resulting from regulatory requirements and of increases in expenses, such as rates for electric power which are almost "completely beyond the control of the operator) during the most recent audited Fiscal Year over Operation and Maintenance Expense for the Fiscal Year next preceding such audited Fiscal Year which is more than 150% of any increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI -W) between the last day of the earlier and the later of such two Fiscal Years. If competitive bids or proposals are taken pursuant to the preceding sentence, BRA may estimate the cost of day -to -day operation of the System with its own employees and day - to-day operation shall be contracted to a private operator only if Operation and Maintenance Expense will be reduced by acceptance of the lowest responsible bid or proposal below Operation and Maintenance Expense reasonably estimated by BRA to result from conduct of such day -to -day operation with its own employees. -17- Section 3.03. PAYMENTS TO BRA FOR OPERATION OF SYSTEM. Pursuant to the understanding between BRA and LCRA, acting in furtherance of the purposes of the Alliance, BRA's portion of the Annual Operation and Maintenance Expense Requirement of the System, including the BRA Management Fee shall be remitted to BRA by LCRA within one working day after receipt of any corresponding Flow Charges by LCRA. Section 3.04. BRA MANAGEMENT FEE. The BRA Management Fee shall constitute a regional fee which BRA expects to utilize in furtherance of its efforts to continue to provide additional services to residents of the Brazos River Basin. Section 3.05. COOPERATION DURING MAINTENANCE OR EMERGENCY. Customers will cooperate with BRA during periods of an emergency or required maintenance and, if necessary, will discontinue, cycle, test, inspect, or otherwise operate and maintain their wastewater facilities at their expense in a manner determined by BRA to be necessary to the safe and efficient completion of repairs or the replacement of facilities, the restoration of service, and the protection of the public health, safety, and welfare. a. Into Phase I: ARTICLE IV DISCHARGE OF WASTEWATER AND METERING Section 4.01. DISCHARGE QUANTITIES. The Customers shall have the right to discharge Wastewater into the System under this Agreement up to the amounts (based on average daily flows over any thirty (30) day period) described below in each respective phase of the System as described in the Engineering Report. • Round Rock 8.7 MGD • Austin 1.2 MGD • Cedar Park .5 MGD at Onion Branch Lift Station (when construction of Phase I is completed) 2.5 MGD at the existing Cedar Park Treatment Plant b. Upon completion of construction of Phase II of the System: • Round Rock 8.7 MGD • Austin 1.8 MGD • Cedar Park 5.6 MGD c. Upon completion of an Expansion as proposed in the Engineering Report, each Customer shall be entitled to discharge Wastewater into the System in an amount equal to the prdluc�dZ Customer's Contractual Flow 4 ,,,;,, y el l ,ls i G',)k C) 1 pahplIdl °vat 1-L 0+!04 1 .' 363; -18- Section 4.02. DISCHARGE QUALITY. The Customers shall have the right to discharge Wastewater into the System meeting the requirements of quality as set forth in this Agreement and in regulations to be adopted from time to time as described in Article V. Section 4.03. POINT(S) OF ENTRY. Each Customer shall discharge its Wastewater at a Point or Points of Entry designated for each Customer in the Engineering Report, or at such additional Points of Entry as may be mutually agreed upon by BRA, LCRA and any Customer utilizing such Point of Entry. It shall be the sole responsibility of each Customer to convey its Wastewater to the Point or Points of Entry. Section 4.04. RATE AND QUANTITY AT POINT(S) OF ENTRY. The rate and quantity of Wastewater conveyed to the Point or Points of Entry by each Customer shall be metered. BRA, LCRA and the Customers will cooperate in good faith to design the Points of Entry to be at appropriate sizes and in appropriate locations to receive the Customers' Contractual Flows. Each Customer's maximum discharge rate at any particular Point of Entry shall not exceed a rate which if continued for a period of twenty -four (24) hours would equal three and one -half (3.5) times such Customer's estimated portion of its Contractual Flow to be discharged at that Point of Entry. Section 4.05. SYSTEM LIMITATIONS. LCRA and BRA shall be obligated to receive into the System at the Points of Entry only Wastewater meeting the quantity limits and quality requirements of Sections 4.01 -4.04 of this Agreement; provided, however, (i) the total quantity of Wastewater discharged into the System shall never exceed the amount which the System is capable of receiving, treating, and disposing, and (ii) no discharge will be made into the System which would cause it to be overloaded or be in violation of its permits from the State of Texas and /or the United States of America. Section 4.06. LIABILITY FOR DAMAGES AND RESPONSIBILITY FOR TREAT- MENT AND DISPOSAL OF WASTEWATER. Liability for damages arising from the reception, transportation, delivery and disposal of all Wastewater discharged hereunder shall remain with each Customer to the Points of Entry, and upon passing through the Points of Entry, liability for such damages shall, except as provided below, pass to BRA, who shall be responsible for the proper reception, transportation, treatment and disposal of all such Wastewater, meeting the applicable quality standards, received by it at the Points of Entry. As between the parties, each party hereto agrees to save and hold the other parties harmless from all claims, demands and causes of action which may be asserted by anyone on account of the reception, transportation, delivery and disposal of Wastewater while the Wastewater is in the control of such party, provided that if and to the extent that any such claims, demands and causes of action arising or alleged to arise while the Wastewater is in the control of BRA result or are alleged to result from failure of Wastewater discharged into System by a Customer or an Additional Customer to comply with the requirements of quality made herein, BRA shall have no hold - harmless obligation to, and shall be held harmless by, such Customer or Additional Customer with respect to any such claims, demands or causes of action. Costs incurred by BRA under the two sentences next preceding shall constitute an Operation and Maintenance Expense. The covenants made in this section are not made for the benefit of any persons who are not parties to this Agreement or who are not Additional Customers. -19- Section 4.07. METERING. Except as otherwise agreed between the parties in writing, LCRA will furnish and install at its expense, and BRA will operate and maintain at its expense, at each Point of Entry the necessary equipment and devices of standard type for measuring properly all Wastewater to be discharged under this Agreement as such devices are specified in the Engineering Report. Such meters and other equipment shall remain the property of LCRA and constitute a portion of the System. The Customers or Additional Customers shall have access to such metering equipment at all reasonable times for inspection and examination, and the reading, calibration and adjustment thereof shall be done by employees or agents of BRA in the presence of a representative of any Customer or Additional Customer if requested by the Customer or Additional Customer. All readings of meters will be entered upon proper books of record or in computer records maintained by BRA and a copy or printout of said readings supplied to the Customers or Additional Customers and LCRA. Upon written request any Customer or Additional Customer may have access to said record books or computer printouts during reasonable business hours. BRA shall calibrate the meters at least once in each year of operation. BRA shall provide reasonable notice of at least two (2) days to the Customers of a calibration and provide the Customers an opportunity to observe the calibration. Not more than three (3) times in each year of operation, BRA shall calibrate the meters, if requested in writing by the affected Customer or Additional Customer to do so, in the presence of a representative of the requesting party, and such parties shall jointly observe any adjustments which are made to the meters in case any adjustment is found to be necessary. If, for any reason, any meters are out of service or out of repair, or if, upon any test, the percentage of inaccuracy of any meter is found to be in excess of five percent (5 %), registration thereof shall be corrected for a period of time extending back to the time when such inaccuracy began, if such time is ascertainable, and if not ascertainable, then for a period extending back one -half (1/2) of the time elapsed since the date of the last calibration, but in no event further back than a period of six (6) months. Any Customer or Additional Customer may, at its option and its own expense, install and operate a check meter to check each meter operated by BRA, but the measurement for the purpose of this Agreement shall be solely by LCRA's meters, except as in this section specifically provided to the contrary. All such check meters shall be of standard make and shall be subject at all reasonable times to inspection and examination by any employee or agent of BRA, but the reading, calibration and adjustment thereof shall be made only by the Customer or Additional Customer installing same, except during any period when a check meter may be used under specific written consent by BRA for measuring the amount or rate of discharge of Wastewater delivered into the System in which case the reading, calibration and adjustment thereof shall be made by BRA with like effect as if such check meter or meters had been furnished or installed by LCRA and BRA. Section 4.08. UNIT OF MEASUREMENT. The unit of measurement for Wastewater delivered hereunder shall be one thousand (1,000) gallons, U.S. Standard Liquid Measure. -20- ARTICLE V QUALITY AND TESTING Section 5.01. GENERAL. The Customers agree, and all Additional Customers shall be required to agree, to limit their discharges into the System to wastes defined by the Alliance as admissible discharges, and to prohibit and prevent entry into the System of any wastes that: (a) will cause Pass Through or Interference as those terms are defined in 40 CFR, 403.3(i) and 403.3(n), respectively; ' (b) will create a fire or explosion hazard in System, including, but not limited to, wastestreams with a closed cup flashpoint of less than 140 F. or 60° C. using the test methods specified in 40 CFR 261.21; (c) will cause structural damage to System, but in no case with Ph lower than 5.0 without written approval of the Alliance; (d) are solid or viscous in composition, so as to cause Interference as defined in 40 CFR 403.3(i); (e) contain oxygen demanding materials and are released at a flow rate or in concentration which will cause Interference as defined in 40 CFR 403.3(i); (f) contain heat in amounts which will inhibit biological activity in the System resulting in Interference as defined in 40 CFR 403.3(i) and in no case in such quantities as will cause the temperature of the Wastewater reading the receiving treatment plant to exceed 104° F. or 40° C. unless the Alliance approves alternate temperature limits in writing prior to the discharge; (g) contain petroleum oil, nonbiodegradable cutting oil or products of mineral oil origin that will cause Interference or Pass Through as defined in 40 CFR 401 and 401._, respectively; (h) contain material which will result in the presence of toxic gases, vapors or fumes within the System in quantities which may cause acute worker health and safety problems; (i) are treated or hauled to the Point of Entry except when the discharge is made with the written consent of BRA; or or (j) violate local limits developed by BRA provided in Section 5.03, below; (k) which violate any standard, rule, regulation or law promulgated by the State of Texas or the United States or by any agency or governmental subdivision of either having jurisdiction in the premises. -21- Section 5.02. REGULATIONS. As provided in 40 CFR 403.5(c), BRA may from time to time develop and enforce regulations' providing specific local limits to implement the limitations provided in Section 5.01, above. Such specific local limits shall not be developed or enforced without individual notice and an opportunity to respond to each Customer, each Additional Customer and anyone else who has requested to be provided with such notices. Section 5.03. INDUSTRIAL WASTES. The effects of certain types of Indirect Discharges, as defined in 40 CFR 403(g), being more commonly called industrial wastes, upon Wastewater and Wastewater treatment processes are such as to require that careful consideration should be given to each industrial connection and that efforts should be made to maintain continuous knowledge of the character and amount of the discharges into the System and into the collector systems which discharge into the System by Industrial Users, as defined in 40 CFR 403(h). This is a matter of concern to BRA and LCRA and Customers. Accordingly, BRA, upon request of any Customer or Additional Customer will work with such Customer or Additional Customer in processing applications for such discharges. Since the System will be a POTW with a design flow of more than 5 million gallons per day and since it is anticipated that it will receive and treat discharges made into the collector systems of Customers or Additional Customers by Significant Industrial Users as defined in 40 CFR 403.3(t), BRA will be required to and will develop a pretreatment program designed to meet the requirements of 40 CFR 403.8. Customers agree that they will fully cooperate with BRA in its efforts to develop such a pretreatment program. Customers recognize and agree that they will establish their own pretreatment program in appropriate cases and enact and enforce ordinances which comply with applicable law, the requirements and regulations of governmental agencies having jurisdiction in connection with BRA's pretreatment program and the governmental and regulatory requirements to which it must conform. Each Customer agrees not only to put in place such pretreatment programs and to enact such ordinances, but also to maintain procedures to identify any Significant Industrial User proposing to make discharges into its collector system and to prohibit connections with its collector system by any Significant Industrial User without Customer having given thirty (30) days prior notice to BRA of such anticipated connection. Further, each Customer will provide BRA with a copy of the industrial questionnaire information and notifications made by the Customer on Significant Industrial User pretreatment requirements. To Facilitate inspection and control Indirect Discharges, each Customer will require industries to either separate Indirect Discharges from domestic waste until the Indirect Discharge has passed through an inspection manhole or provide a sampling manhole that will meet all requirements of the regulatory agencies with jurisdiction, including specifically those of the EPA necessary to apply the Combined Wastewater Formula as allowed under 40 CFR 403.6(e). In any case, the manhole shall be located so as to be accessible at all times to inspectors of the Customer and of BRA. The provisions of the sentence next preceding shall not apply to industrial facilities in place and meeting regulatory requirements at the time of commencement of operation by BRA of the part of the System providing service to such industrial facilities for so long as the modifications which would otherwise be mandated by such two sentences are not necessary in order for BRA to avoid being in violation of applicable regulatory requirements. If inspection indicates that damage might result from any such Indirect Discharge, permission to make such discharge shall be revoked unless and until the industry promptly establishes acceptable remedial measures. _22_ ARTICLE VI ACOUISITION AND CONSTRUCTION OF SYSTEM Section 6.01. PHASING OF SYSTEM IMPLEMENTATION. LCRA intends to acquire the Round Rock Regional System Assets, the Austin Regional System Assets and the Cedar Park Regional System Assets on the Initial Funding Date(s) as provided in the RR/Alliance Acquisition Contract, the Austin /Alliance Acquisition Contract and the CP /Alliance Acquisition Contract, and to promptly acquire and construct the remainder of Phase I of the System as described in the Engineering Report and as provided in Section 2.02. Thereafter, LCRA will acquire or construct subsequent phases of the System in stages generally at the times and as described in the Engineering Report but in any event in a timely manner to provide service to the Customers at the levels provided in this Agreement. Section 6.02. CONSTRUCTION OF REMAINDER OF PHASE I OF THE SYSTEM. Promptly after execution and delivery of this Agreement by all parties, LCRA shall, and upon execution of this Agreement by one or more Customer LCRA may, notify its engineers to proceed with the preparation of plans and specifications for the remainder of Phase I of the System. In such event, LCRA will prepare plans and specifications for the remainder of Phase I as soon as possible and proceed to take all other action necessary to acquire or construct the remainder of Phase I of the System, including obtaining appropriate easements, making appropri- ate surveys, obtaining appropriate permits and governmental approvals and taking all other necessary and proper actions. After all such regulatory approvals have been obtained, LCRA shall proceed, as appropriate, to advertise for bids for construction of the remainder of Phase I of the System or any part or parts thereof as determined to be appropriate. Upon receipt of such bids, LCRA shall tabulate the bids and notify the Customers and the Advisory Committee of the bids which have been received and shall recommend approval of the lowest and best bid for the construction of the remainder of Phase I of the System or parts thereof. LCRA shall also notify the Customers and the Advisory Committee, based on such lowest and best bid, of the estimated Project Costs of the remainder of Phase I of the System and the Funding Date for such Project Costs. LCRA may accept the lowest and best bid for the construction of the remainder of Phase I of the System or parts thereof. In determining whether or not to accept any such bid, LCRA shall consider advice and recommendations of Customers and the Advisory Committee, but the decision as to its acceptance shall be within the sole discretion of LCRA. LCRA shall use diligent efforts to complete construction of Phase I of the System within two (2) years after the Initial Funding of the purchase of the Cedar Park Regional System Assets. Section 6.03. CONSTRUCTION OF PHASE II. When appropriate to provide for continued service to the Customers, LCRA shall notify its engineers to proceed with the preparation of plans and specifications for Phase II of the System. LCRA will prepare plans and specifications for Phase II of the System. LCRA shall also proceed to take all other action necessary to acquire or construct Phase II of the System, including obtaining appropriate easements, making appropriate surveys, obtaining appropriate permits and governmental approvals and taking all other necessary and proper actions. After all such regulatory approvals have been obtained, LCRA shall proceed, as appropriate, to advertise for bids for construction of Phase II of the System or any part or parts thereof as determined to be appropriate. Upon receipt of such bids, LCRA shall tabulate the bids and notify the Customers and the Advisory -23- Committee of the bids which have been received and shall recommend approval of the lowest and best bid for the construction of Phase II of the System or parts thereof. LCRA shall also notify the Customers and the Advisory Committee, based on such lowest and best bid, of the estimated Project Costs of Phase II of the System and the Funding Date for such Project Costs. LCRA may accept the lowest and best bid for the construction of Phase II of the System or parts thereof. In determining whether or not to accept any such bid, LCRA shall consider advice and - recommendations of Customers and the Advisory Committee, but the decision as to its acceptance shall be within the sole discretion of LCRA. Section 6.04. CONSTRUCTION OF EXPANSIONS. At such time as LCRA or BRA shall determine that usage or prospective usage of the System has increased to the extent that an Expansion is required in order for the System to be able to treat and dispose of Wastewater expected to be delivered to it without violation of applicable permits and with a reasonable margin of safety or otherwise determines that an Expansion, including improvements, repairs and /or replacements, is necessary in order to avoid violation(s) of permits or other regulatory requirements related to the System, the party making the determination shall give forty-five (45) days prior written notice and opportunity to comment to the other and each Customer and each Additional Customer and to the Advisory Committee of its intention to notify its engineers to proceed with the development of plans and specifications for such Expansion and of its own intention to proceed with construction thereof when such plans and specifications are ready. At any time when either LCRA or BRA receives a request for service from a party which is not a Customer or an Additional Customer or from a Customer or Additional Customer for service which will require an Expansion such request shall be deemed a reasonable basis for a determination made pursuant to the first sentence of this section but it shall not be deemed sufficient cause to require such a determination. Should any Customer or any Additional Customer request an Expansion in writing, LCRA and BRA shall notify such Customer or Additional Customer and the other Customers and Additional Customers and the Advisory Committee in writing within forty -five (45) days of the receipt of such notice as to whether either is willing to construct the Expansion. If neither is willing to construct the Expansion, the requesting Customer or Additional Customer, provided that it is willing and able to provide the required financing, may select an engineer to prepare plans and specifications for the Expansion. No matter who constructs the Expansion, the preparation of plans and specifications, and the receipt and acceptance of bids for construction shall be subject to the same requirements contained in Sections 6.02 and 6.03 of this Agreement in regard to advertisement for and award of bids for construction and for notice thereof to parties. Such plans and specifications shall be subject to approval of LCRA and BRA, which shall not be unreasonably withheld or delayed. When such plans and specifications have been completed and approved by LCRA and BRA, and provided that all required governmental and regulatory approvals both for the construction and for the operation of the Expansion or of System as expanded have been obtained, such Customer or Additional Customer may proceed with construction of the Expansion. Such construction shall be under the supervision of LCRA, as owner, and onsite inspection shall be provided by BRA. Upon completion of such Expansion, and again subject to receipt of all required governmental and regulatory approvals and permits, LCRA shall own the Expansion as part of the System for so long as LCRA owns the System and BRA shall operate and maintain the Expansion as part of the System for so long as this -24- Agreement remains in effect; however, an amount of capacity equal to that provided by the Expansion constructed by a Customer shall be reserved solely for the use of the Customer unless otherwise agreed by the Customer. LCRA and BRA will fully cooperate with the constructing Customer or Additional Customer in efforts to obtain necessary governmental and regulatory approvals and permits and will use their best efforts to provide assistance in this regard. Section 6.05. DEPOSITS ON FUNDING DATES. After LCRA or BRA, as appropriate, obtains all funds related to Funding on the Funding Date for Phase II or any Expansion of the System, LCRA or BRA, as appropriate, shall deposit all of said funds into the construction fund or reserve funds provided in any applicable Bond Resolution. If Funding is by a GIF Advance, LCRA shall establish an appropriate repair and replacement fund in an amount recommended by the engineer designing the facilities to be constructed. Upon the first to occur of the Initial Fundings, BRA shall deposit the agreed amount of money into the Operation and Maintenance Reserve Fund which shall be maintained by it as a part of the enterprise fund to be established on its books and records and identified in its financial statements, in connection with the operation of the System. Section 6.06. DECISIONS ON CONSTRUCTION AND FINANCING. Except in the case of Expansions which BRA shall determine to be necessary and desirable and which LCRA shall elect not to construct and in cases where construction is done by a Customer pursuant to the provisions of Section 6.04, above, all planning for construction and all construction provided to be done under this Agreement shall be done and paid for by LCRA by contractors selected by LCRA. Engineers for preparation of such plans and specifications shall be selected by LCRA (except where construction is to be done by BRA or by a Customer). All financing of construction done pursuant to this Agreement shall be provided by the party which is to do the construction. In all cases where construction is to be done by LCRA, all plans and specifica- tions therefor shall be submitted to BRA for comments and suggestions sufficiently in advance of the time when bids for the planned work are to be taken to allow BRA to make a thorough review thereof and all comments and suggestions from BRA shall be given serious consideration by LCRA and its engineers. BRA shall be the onsite inspector on the premises where construction is to be done by LCRA and shall report to LCRA as owner. Such inspector shall have access to the work as it progresses and shall be permitted to comment on and make sugges- tions with respect to such work. All such comments and suggestions shall be given serious consideration by LCRA and its engineers. The cost of such inspector and his work shall be deemed a Project Cost. In case of construction by BRA, LCRA shall have the same rights and privileges accorded to BRA by the preceding sentences, except that BRA shall remain as the onsite inspector. At any time when BRA determines that usage or prospective usage of the System has increased to the extent that an Expansion is required or that anything else has occurred which requires an Expansion in order for it to be able to treat and dispose of Wastewater expected to be delivered to System without violation of applicable permits and with a reasonable margin of safety or that Expansion is necessary to serve a party not then being served by the System which it is appropriate that the System should be expanded to serve, it will notify LCRA of its determination, specifying the increase in capacity which it requires. Within sixty (60) days after the receipt of any such notice, LCRA will notify BRA as to whether or not LCRA is willing to construct and pay for the Expansion determined by BRA to be needed. If LCRA should ever elect not to construct and pay for any such Expansion, BRA may proceed -25- to construct and pay for it. All facilities so constructed and all assets acquired by BRA in any such Expansion shall be part of the System which shall continue to be owned by LCRA. The Repair and Replacement Fund and any similar funds required in connection with Expansions shall be provided by LCRA, except that any such similar fund required in connection with construction to be done and paid for by BRA shall be provided by BRA. Neither BRA nor LCRA shall ever have any liability to the other or to any Customer arising out of failure of the other to construct or any defect in any construction done by the other. Bonds issued for construction shall be those of the entity which is to do the construction, as above provided, and neither BRA nor LCRA shall ever have any liability for the payment of indebtedness evidenced by or provided in Bonds issued by the other. ARTICLE VII SYSTEM BUDGETS AND CHARGES Section 7.01. ESTABLISHING BUDGETS AND CHARGES. Not less than seventy -five (75) days before commencement of the second Fiscal Year and not less than seventy -five (75) days before the commencement of each Fiscal Year thereafter while this Agreement is in effect, LCRA and BRA, respectively, shall cause to be prepared and filed with each other, the Advisory Committee and each Customer and Additional Customer the tentative budgets for Annual Project Requirement and Annual Operation and Maintenance Expense Requirement and corresponding proposed Capital Charges and Flow Charges for the System for the next ensuing Fiscal Year. All interest income earned by the investment of any funds created in the Bond Resolution or any other funds related to the System (with the exception of the Operation and Maintenance Reserve Fund) shall be taken into account in determining the Budgets. If no protest or request for a hearing on such tentative budgets and proposed Capital Charges and Flow Charges is presented within forty-five (45) days after such filing of the tentative budgets and proposed Capital Charges and Flow Charges, the tentative budgets and proposed Capital Charges and Flow Charges for the System, when adopted by LCRA's and BRA's Boards of Directors, respectively, shall be deemed to be in effect for all purposes for the next ensuing Fiscal Year. If a protest or request for a hearing is duly filed, it shall be the duty of BRA and /or LCRA to fix a date and time for a hearing on the tentative budget or budgets and proposed Capital Charges and /or Flow Charges to be conducted in a manner to enable interested persons to communicate such information as they shall desire to present and such views as they shall desire to express to the Board of Directors of the entity at whose budget the protest or request is directed. The party filing such protest, the Advisory Committee, and all Customers and all Additional Customers shall be advised in writing of the time and place of such hearing. After consideration of the information and comments produced at such hearing, the Boards of Directors of BRA and /or LCRA may adopt the budget or budgets and proposed Capital Charges and /or Flow Charges or make such amendments thereof as may seem proper. The budget or budgets and proposed Capital Charges and /or Flow Charges thus approved by the Boards of Directors of BRA and LCRA shall be deemed to be in effect for the next ensuing Fiscal Year. To the extent applicable law delegates to LCRA or BRA (the "mandated entity ") the responsibility and authority to approve the budget or budgets or the Capital Charge or Flow Charge, but the other of LCRA or BRA (the "other entity ") actually establishes and submits to -26- the other said proposed budget or charge, then failure to protest or request a hearing within the timeframes provided above shall be deemed to be approval by the mandated entity of the proposed budget or charge adopted by the other entity. Otherwise, to the extent that the mandated entity determines that the budget or charge finally adopted by the other entity requires modifications, then ultimate authority to make modifications to said budget or charge shall lie with the mandated entity which shall promptly make any such modifications to the budget or charge as required and notify all Customers and Additional Customers of same, which shall be effective upon receipt. Copies of the approved budgets and a schedule of a projected Capital Charges and Flow Charges shall be provided to the Customers promptly. Section 7.02. CHANGES FROM CUSTOMER DISPUTES. If a Customer at any time disputes the amount to be paid by it under this Agreement, such Customer shall nevertheless promptly make the payment or payments determined by BRA and LCRA, and, if it is subsequently determined by agreement, administrative agency or court decision that such disputed payments made by the-Customer should be changed, BRA and LCRA shall promptly revise and reallocate the charges among all Customers and Additional Customers then being , served by BRA and LCRA in such manner that the Customers will pay amounts which cumulatively permit BRA and LCRA to receive the entire amount of the affected Annual Project Requirement and the Annual Operation and Maintenance Expense Requirement. If the Capital Charges or Flow Charges are redetermined as herein provided, BRA and LCRA will promptly furnish each Customer with an updated schedule of monthly payments reflecting such redetermination. Section 7.03. CHANGES FROM ADDITIONAL CUSTOMERS AND EMERGENCIES. If, during a Fiscal Year, Additional Customers are added to the System or unanticipated, emergency Project Costs or Operation and Maintenance Expenses are experienced, LCRA and BRA may adopt amendments to the budgets or the Capital Charges or Flow Charges by following a process similar to that provided above for the establishment of such matters initially. Section 7.04. CAPITAL CHARGE. (a) On or before the last day of each month, every Customer and Additional Customer shall pay its Capital Charge. (b) During the term of this Agreement, the Capital Charge for each Customer to be paid each month shall be determined by allocating among the Customers one - twelfth (1/12) of the Annual Project Requirement on the basis of each Customer's relative utilization of the System based on the Contractual Flows as shown in Exhibit _ , which the Customers, LCRA and BRA believe is a reasonable basis upon which to allocate said costs. (c) Allocation of Annual Project Requirement. The Annual Project Requirement will be allocated to Customers and Additional Customers in two steps: -27- (i) The Annual Project Requirement will be functionalized between Treatment Facilities, Downstream Collection System and Upstream Collection System in accordance with accepted ratemaldng principles. (ii) (A) The Annual Project Requirement - Treatment Facilities will be allocated among Customers and Additional Customers in proportion to their Contractual Flows (initially as shown in Exhibit ) in the next Expansion Year. The resulting proportions of the Annual Project Require- ment to be allocated to each Customer for each year are also shown on that Exhibit The Contractual Flows utilized to allocate the Annual Project Requirement - Treatment Facilities may be changed for any of the following reasons: (I) In the event that any Customer's actual Wastewater flow during a year prior to the next Expansion Year exceeds the Customer's Contractual Flow for that Expansion Year, thereafter, until the next Expansion Year or recalculation as provided otherwise herein, the proportions of the Annual Project Require- ment - Treatment Facilities allocated to each Customer will be recalculated using the higher actual Wastewater flow for each Customer whose actual Wastewater flow exceeds its Contractual Flow. (II) If an Expansion Year is reached and the actual flows of each Customer are less than their Contractual Flows for that Expansion Year such that an Expansion is not needed, then those Contractual Flows will continue to be used for allocating the Annual Project Requirement - Treatment Facilities until such time as an Expansion is constructed to meet the needs of the Customers. (III) If an Additional Customer executes an agreement to discharge Wastewater into the System, the Contractual Flow for that Additional Customer will be utilized, along with the Contrac- tual Flows of the Customers, to reallocate the Annual Project Requirement - Treatment Facilities in a manner consistent with the provisions of this Agreement. (IV) Further, the parties agree that at least once during each five (5) year period after execution of this Agreement, the parties will, in good faith, review the assumptions and projections in the Engineering Report upon which the Contractual Flows are based and if, in the judgment of all of the parties hereto, the assumptions or projections, and resulting Contractual Flows, should be changed, they will be so changed so that the Contractual -28- Flows more closely approximate actual flows rather than the then projected flows. (B) The Annual Project Requirement - Downstream Collection System will be allocated between Customers and Additional Customers in proportion to their Contractual Flows in Year 2036 as shown on Exhibit The resulting proportions are also shown on that Exhibit. Notwith- standing the foregoing, if an Additional Customer executes an agreement to discharge Wastewater into the System, the Contractual Flow for that Additional Customer will be utilized, along with the Contractual Flows of the Customers, to reallocate the Annual Project Requirement - Down- stream Collection System in a manner consistent with the provisions of this Agreement. (C) The Annual Project Requirement - Upstream Collection System will be allocated between Customers (other than Round Rock) and Additional Customers in proportion to their Contractual Flows in Year 2036 as shown on Exhibit _. The resulting proportions are also shown on that Exhibit. Notwithstanding the foregoing, if an Additional Customer executes an agreement to discharge Wastewater into the System, the Contractual Flow for that Additional Customer will be utilized, along with the Contractual Flows of the Customers, to reallocate the Annual Project Requirement - Upstream Collection System in a manner consistent with the provisions of this Agreement. (d) Recognizing that LCRA or BRA will pledge the revenues of the System, together with, in the case of LCRA, other revenues of the LCRA System, to pay, secure and finance the issuance of Bonds, it is hereby agreed that upon the effective date of this Agreement, each Customer shall be unconditionally obligated to pay the Capital Charge and Flow Charge regardless of whether or not such Customer actually discharges Wastewater hereunder, whether due to Force Majeure or otherwise. Each Customer agrees that its obligation to pay the Capital Charge and Flow Charge shall be absolute • and unconditional, irrespective of any rights of set -off, diminution, abatement, recoup - ment or counterclaim the Customer might otherwise have against BRA or LCRA or any other person, and the Customer covenants not to seek and hereby waives, to the extent permitted by applicable law, the benefits of any rights which it may have at any time to any stay or extension of time for performance or to terminate, cancel or limit its liability to pay the Capital Charge and Flow Charge. Each Customer hereby agrees that the holders from time to time of the Bonds shall be entitled to rely upon the agreement of the Customer to pay the Capital Charge and Flow Charge regardless of the validity of the remainder of this Agreement or any other agreement. Each Customer agrees, if requested to do so by LCRA or BRA, as appropriate, to execute a separate agreement with LCRA, the owners of the Bonds or a trustee acting on behalf of the owners of the Bonds evidencing its unconditional obligation to pay the Capital Charge and Flow Charge to enable LCRA or BRA, as appropriate, to pay debt service on the Bonds issued by LCRA for the System. Such additional agreements shall in all respects be consistent with -29- the requirements of this Agreement regarding the payment of the Capital Charge and Flow Charge by the Customer. (e) The preceding paragraph shall not be construed to release BRA or LCRA from the performance of any of their agreements contained in this Agreement or, except to the extent provided in this section, prevent or restrict any Customer from asserting any rights which it may have against BRA, LCRA or any other person under this Agreement or under any provision of law or prevent or restrict such Customer, at its own cost and expense, from prosecuting or defending any action or proceeding against or by third parties or taking any other action to secure or protect its rights under this Agreement. (f) Each Customer recognizes that the Bonds issued by LCRA or BRA, as appropriate, for the System will be supported by the pledge, directly or indirectly, of the payment of the Capital Charges and Flow Charge by the Customers under the terms of the Agreement and, therefore, that each Customer is an "obligated person" as that term is applied within the meaning of Securities Exchange Commission Rule 15c2 -12. In order to enable LCRA or BRA, as appropriate, to issue the Bonds and comply with applicable securities laws, each Customer agrees to execute, and by signing this Agreement approves and authorizes the execution of, if requested by BRA and LCRA, a continuing disclosure agreement in form and substance substantially as provided in Exhibit hereto. Section 7.05. FLOW CHARGES. Each Customer and each Additional Customer shall be required to pay each month a Flow Charge for use in meeting the Annual Operation and Maintenance Expense Requirement. Subject to, and in accordance with, the provisions of Section 7.02 -7.03, (i) before the Initial Funding Date and (ii) before the first day of each Fiscal Year thereafter, BRA shall estimate the Annual Operation and Maintenance Expense Requirement for the period between Initial Funding Date and August 31, 1996, in the case of that period, and for the following Fiscal Year for each Fiscal Year beginning September I, 1997. In the case of each Annual Operation and Maintenance Expense budget made after the availability of the annual audit required by the provisions of Section 8.12, below, covering a Fiscal Year during which Flow Charges from any Customer have been payable hereunder, the amount estimated for the following Fiscal Year per the sentence next preceding shall be adjusted upward or downward, as appropriate, to account for difference between actual Operation and Maintenance Expense as reflected by the audit in excess of that estimated for the previously audited period. The monthly Flow Charge for each Customer and each Additional Customer for the period for which the estimate is made shall be 1 /12th (or in the case of the initial Fiscal Year, the fraction obtained by dividing I by the number of complete calendar months between the Initial Funding Date and August 31, 1996) of the amount calculated by multiplying the actual flows of Wastewater from such party's collector system into the System during the prior Fiscal Year, expressed in thousands of gallons, by the quotient obtained by dividing the estimated Operation and Maintenance Expense for the period for which the calculation is being made, expressed in dollars, by the actual flows into System, also expressed in thousands of gallons, from the collector systems of all Customers and Additional Customers during the prior Fiscal Year. In the initial Fiscal Year of service, the allocation of the Operation and Maintenance -30- Expenses among the Customers shall be based on projected flows as follows: Austin - , Cedar Park - , and Round Rock - Section 7.06. HOW, WHEN AND WHERE PAYMENTS ARE TO BE MADE. Delivery to the Customers of the final budgets for a Fiscal Year, together with the schedule of resulting Capital Charges and Flow Charges, shall constitute the invoice for same for the entire Fiscal Year. Payment of all Capital Charges and Flow Charges required to be paid by Customers and Additional Customers under the provisions of this Agreement shall be made to LCRA. LCRA and the individual(s) acting for it in receiving payment of such charges shall receive the portion of each payment received consisting of Capital Charges owing to BRA as agent for BRA. Receipt of such payments by LCRA as agent for BRA shall completely discharge any liability of Customer to BRA for such payments. All such funds so received as agent shall be immediately disbursed to BRA per directions to be given by BRA to LCRA in writing, and the duties of the agent shall be completely discharged by such disbursement. All charges payable for any calendar month shall be due and payable in Travis County, Texas, on or before the last day of such month. Past due payments shall bear interest from the date due until paid at the lower of ten percent (10%) per annum or the highest lawful rate in the State.of Texas. Section 7.07. DEFAULT. (a) Monetary Defaults by Customers and Additional Customers. In the event any Customer or Additional Customer defaults in the payment of the Capital Charge, LCRA Management Fee or Flow Charge required hereunder, BRA and LCRA shall immediately give notice of such default to such Customer or Additional Customer and other Customers or Additional Customers; provided, however, that nothing in this section shall prevent any Customer from paying under protest any amount alleged as owed by BRA or LCRA or prevent BRA or LCRA from accepting any payment even if less than the amount alleged by BRA or LCRA as owed by the Customer. Payment or receipt of any such disputed amount shall not be construed as a waiver of any right of the party making or receiving such disputed amount to contest such matter and to demand payment or receipt of a different amount. Thereafter, the defaulting Customer or Additional Customer shall take all appropriate steps to correct such default and shall correct such default within ten (10) days after receipt of such notice. Any past due amount shall be paid, together with interest at the lesser of ten percent (10 %) per annum or the maximum legal rate of interest then in effect. In the event such default remains unremedied for a period of thirty (30) days from the date of receipt of notification of default, then BRA may terminate service to such defaulting Customer or Additional Customer after provid- ing ten (10) days written notice to such defaulting Customer or Additional Customer of its intention to so terminate service hereunder. If such default remains unremedied for a continuous period of ninety (90) days from the date of receipt of notification of default, then BRA and LCRA shall notify all Customers and Additional Customers of such fact and BRA and LCRA may, after giving the defaulting Customer or Additional Customer ten (10) days written notice, terminate the contract between BRA and LCRA and such defaulting Customer or Additional Customer by delivery of a written notice to such Customer or Additional Customer. The Customers agree that BRA and LCRA shall have -31- the right to so terminate this Agreement as to any defaulting Customer in the event such defaulting Customer is in default of any of its payment obligations hereunder as described in this section and the defaulting Customer, in the event of termination of this Agreement as to such Customer by BRA and LCRA as provided herein, waives any and all of its rights to seek any damages or other remedy against BRA or LCRA or any of the Customers or Additional Customers of BRA and LCRA or to claim any amounts as due and owing to it from BRA and LCRA or other Customers or Additional Customers either from amounts then on hand or to be paid in the future to BRA and LCRA or such other Customers and Additional Customers. Termination of this Agreement as to a defaulting Customer shall not relieve the Customer from the performance of any of its obligations hereunder to the extent such obligations arose prior to such termination. Notwithstanding anything in this subsection to the contrary, BRA and LCRA may also exercise any remedy available at law or in equity to remedy a monetary default by a Customer or Additional Customer. Further, after termination of this Agreement as to the defaulting Customer, BRA and LCRA may execute additional contracts with Customers, Additional Customers or other persons similar to this Agreement, which contracts would provide LCRA or BRA with the necessary revenues to pay the Annual Project Requirement related to Bonds. BRA and LCRA may utilize the capacity of the System designed to meet the needs of the defaulting party to provide service to such Additional Customers. All Customers agree to cooperate with BRA and LCRA in enabling BRA and LCRA to enter into any such contracts in order to prevent a default in the payment of the debt service on Bonds issued by LCRA or BRA to acquire or construct the System. (b) Non - monetary Defaults by Customers and Additional Customers. In the event that any Customer or Additional Customer defaults in the performance of any obligation under this Agreement, other than the obligation to make payments of the Capital Charge or Flow Charge, BRA and LCRA, after giving reasonable notice of the default and opportunity to cure same, may exercise any remedy available at law or in equity, including without limitation, obtaining a writ of mandamus or injunctive or similar relief from a court or administrative agency of competent jurisdiction compelling and requiring the defaulting Customer or Additional Customer to perform its respective covenants, obligations and conditions imposed upon it under this Agreement. Section 7.08. LCRA MANAGEMENT FEE. (a) It is agreed between the parties that, in addition to all other compensation or reimbursement authorized and required to be made to LCRA by the Customers as otherwise provided in this Agreement, LCRA shall receive a fee in the total aggregate amount from all Customers and Additional Customers of seven percent (7 %) of the portion of the Annual Project Requirement exclusive of the LCRA Management Fee to compensate LCRA for agreeing to include the System in the LCRA System and for the increased responsibility, financial risk and regulatory risk borne by LCRA in fulfilling its management obligations under this Agreement. Such fee shall be included in the Annual Project Requirement to be recovered through the Capital Charges paid by the Customers of the System. Money received by LCRA from such fee may be used for any lawful purpose. -32- (b) To the extent Austin pays for its prorata share of any Project Costs related to the Upstream Collection System, Austin shall pay monthly a management fee to LCRA for managing such facilities of one - twelfth (1/12) of 7% of the estimated additional amount of Annual Project Requirement which would have resulted had LCRA financed these Project Costs. ARTICLE VIII GENERAL PROVISIONS Section 8.01. OBLIGATIONS OF CUSTOMERS. Unless otherwise specifically provided in writing by subsequent agreement between BRA and LCRA and any Customer, neither BRA nor LCRA shall ever have the right to demand payment by a Customer of any obligation assumed or imposed on it under and by virtue of this Agreement from funds raised or to be raised by taxation, it being expressly understood by the parties hereto that all payments due by the Customers hereunder are to be made from the revenues and income received by each Customer from its waterworks and sanitary sewer Systems. Section 8.02. PAYMENTS TO CONSTITUTE OPERATING EXPENSES OF CUSTOMER. Each Customer represents and covenants that the services to be obtained pursuant to this Agreement are essential and necessary to the operation by the Customer of its own Wastewater facilities and the provision of wastewater services to its constituents, and that all payments to be made hereunder by it will constitute reasonable and necessary "operating expenses" of the Customer's waterworks and sanitary sewer systems, within the meaning of Article 1113, Vernon's Texas Civil Statutes, and the provisions of all ordinances or resolutions, as appropriate, authorizing the issuance of all bonds of the Customer which are payable from revenues of the Customer's waterworks and sewer systems. Section 8.03. CUSTOMERS TO ESTABLISH ADEQUATE RATES. Each Customer agrees to establish and collect such rates and charges for its waterworks and wastewater services to be supplied by its system as will make possible the prompt payment of all expenses of operating and maintaining its system including the payments committed hereunder, and the prompt payment of the principal of and interest on its obligations, if any, payable from the revenues of its waterworks and wastewater systems. Section 8.04. MANDAMUS AND OTHER REMEDIES AGAINST CUSTOMERS. The parties recognize that LCRA or BRA may be issuing its Bonds to acquire, construct, expand, improve or replace the System and may pledge the revenues from this Agreement to secure payment of principal of, premium, if any, and interest on the Bonds. Therefore, the parties agree that, in addition to all other remedies provided herein or at law or in equity, each Customer agrees that BRA and /or LCRA shall be entitled to a writ of mandamus issued by a court of competent jurisdiction compelling and requiring the Customer to take all actions covenanted herein and to make prompt payment of the Capital Charge, Flow Charge and other payments contracted to be made herein and to observe and perform the covenants, obligations and conditions imposed in this Agreement. -33- Section 8.05. CUSTOMER REMEDIES. BRA and LCRA recognize that the Customers are relying upon BRA and LCRA to acquire, construct, own, operate, maintain, repair and replace the System in accordance with the terms of this Agreement so that the Customers may provide wastewater service to their respective customers in their respective service areas. Therefore, BRA and LCRA also agree that each Customer shall be entitled to a writ of mandamus or injunctive relief from a court of competent jurisdiction compelling and requiring BRA and LCRA to perform their respective covenants, obligations and conditions imposed upon each of them in this Agreement. Section 8.06. USE OF PUBLIC PROPERTY. By these presents, each Customer, to the extent capable under existing law, authorizes use by BRA and LCRA of streets and general utility or sewer easements of the Customer for construction, operation and maintenance of the System, so long as such use is in compliance with the terms of any easement utilized by BRA and LCRA and does not interfere with any lawful use by the Customer and subject to all of the Customer's ordinances, rules and regulations respecting the manner of such use and restoration of lands, pavement or improvements resulting from exercise of the rights provided in this section, including the cost of relocation of any facilities located within any such easement as an expense of the System. BRA and LCRA will cooperate with each Customer in the timing, planning and installation of the System to be constructed and installed hereunder. Section 8.07. FORCE MAJEURE. In case by reason of "Force Majeure" any party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement, then if such party shall give notice and full particulars of such "Force Majeure" in writing to the other parties within a reasonable time after occurrence of the event or cause relied on, the obligation of the party giving such notice, so far as it is affected by such Force Majeure, with the exception of the obligation to pay Capital Charges, shall be suspended during the continuance of the inability then claimed, but for no longer period, and any such party shall endeavor to remove or overcome such inability with all reasonable dispatch. The term "Force Majeure" as employed herein shall mean acts of God, strikes, lockouts or other industrial disturbances, acts of public enemy, orders of any kind of the United States or the State of Texas or any civil or military authority, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, hurricanes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accidents to machinery, pipelines or canals, partial or entire failure of water supply and inability on the part of such Customer to provide water necessary for operation of its water and wastewater system hereunder or of BRA and LCRA to receive Wastewater on account of any other causes not reasonably within the control of the party claiming such inability. It is understood and agreed that the settlement of strikes and lockouts shall be entirely within the discretion of the party having the difficulty and that the above requirement that any Force Majeure shall be remedied with all reasonable dispatch shall not require the settlement of strikes and lockouts by acceding to the demands of the opposing party or parties when such settlement is unfavorable in the judgment of the party having the difficulty. Section 8.08. INSURANCE. BRA and LCRA will carry fire, casualty, public liability and other insurance for purposes and in amounts which would ordinarily be carried by a privately owned utility company owning and operating facilities similar to the System, except -34- that BRA and LCRA need not carry liability insurance except to insure against risk of loss due to claims for which they can, in the opinion of their respective legal counsels, be liable under law or judicial decision. Such provisions will be so designed as to afford protection not only for the owners of the Bonds but to assure and facilitate, to the extent feasible and practicable, the restoration of damaged or destroyed properties and to minimize the interruption of service to the Customers and others. Provided, however, nothing herein shall prevent BRA and LCRA from providing such insurance through self - insurance, self - insurance pools or similar methods. Section 8.09. REGULATORY BODIES. This Agreement shall be subject to all valid rules, regulations and laws applicable hereto passed or promulgated by the United States of America, the State of Texas or any governmental body or agency having lawful jurisdiction or any authorized representative or agency of any of them. Section 8.10. ADDITIONAL CAPACITY AND FACILITIES. As the responsible agencies for the establishment, administration, operation and maintenance of the System, BRA and LCRA will, from time to time, as provided previously herein, determine when it is necessary to provide additional facilities to receive; transport, treat and dispose of additional Wastewater of the Customers and any Additional Customers. In making the determinations called for herein, BRA and LCRA covenant that such determinations will be made only after requests from Customers or Additional Customers, after detailed studies of statistical data available as to the need and feasibility have been made, and after consulting with engineers and financial advisors. Each Customer and Additional Customer will be kept advised at all times of planning and proposed development of the System. Section 8.11. CONTRACTS WITH OTHERS IN RELATION TO SYSTEM. (a) Each Customer shall have the right to enter into contracts with other persons natural or corporate, private or public, to receive Wastewater from such persons. Each Customer covenants that it will advise BRA and LCRA of all such written contracts and will, if requested by BRA or LCRA, furnish BRA and LCRA with a list of all customers other than retail, residential customers. (b) BRA and LCRA shall have the right to enter into agreements similar to this Agreement with Additional Customers provided: (1) such agreements comply with the requirements of this Agreement, substantially restate the essential provisions of this Agreement, and are structured to be similar hereto to the fullest extent applicable and practicable, with such additions or changes as are necessary to meet the actual circumstances, with the effect that each Additional Customer will substantially adopt the provisions of this Agreement, as supplemented and necessarily changed by its agreement; (2) such agreements do not prevent BRA or LCRA from meeting their obligations to the Customers under this Agreement; -35- (3) such agreements do not cause any adverse impact on the charges made by BRA and LCRA to the Customers under this Agreement; and (4) that no agreement will be made for service within a Customer's Limits or within the extraterritorial jurisdiction of any Customer, if appropriate, as defined, in Article 970a, Vernon's Annotated Civil Statutes, on the date of such agreement unless the Customer consents. BRA and LCRA will provide copies of any such agreement to the Advisory Committee for review and comment at least thirty (30) days prior to entering into same and will negotiate in good faith with the Customers any changes to this Agreement which might be appropriate as a result of such agreement with an Additional Customer and which would benefit the Customers. It is further recognized and agreed that in the future, BRA and LCRA may provide services of the System to parties which are not Customers or Additional Customers, provided that all such services of the System to parties which are not Customers or Additional Customers shall in all respects be subordinate to the prior rights of the Customers and Additional Customers, and all contracts or other arrangements relating to such services shall recognize, and be made subordinate to, such prior rights. Section 8.12. ANNUAL REPORT AND AUDIT OF SYSTEM. BRA and LCRA shall cause to be prepared an annual report and audit of the System each year. Such report shall contain such matters and information as may be considered necessary and useful by BRA, LCRA and the Advisory Committee. A copy of the annual report and BRA's and LCRA's annual audits and accompanying management letters shall be promptly provided to each Customer and the Advisory Committee. Section 8.13. GOVERNMENTAL REGULATIONS. In each instance herein where reference is made to a federal or State regulation, it is the intention of the parties that at any given time the then current edition of any such federal or State regulation shall apply. New standards shall be adopted by BRA and LCRA which are in compliance with applicable State and federal laws and any valid rules and regulations issued pursuant thereto. Section 8.14. OPERATION OF THE SYSTEM. BRA and LCRA covenant that they will operate the System in accordance with accepted good business and engineering practices and in accordance with requirements of the Clean Water Act and the Texas Water Code, as amended, and as said laws may be amended in the future, and any rules and regulations issued and to be issued by appropriate agencies in the administration of said laws. BRA, LCRA and the Customers agree that their obligations hereunder shall include compliance with the requirements made under said laws, and any rules and regulations issued pursuant thereto. Section 8.15. NO ADDITIONAL WAIVER IMPLIED. No waiver or waivers of any breach or default (or any breaches or defaults) by any party hereto of any term, covenant, conditions, or liability hereunder, or of performance by the other parties of any duty or obligation hereunder, shall be deemed or construed to be a waiver of subsequent breaches or defaults of any kind, under any circumstances. -36- Section 8.16. ADDRESSES AND NOTICE. Unless otherwise provided in this Agreement, any notice, communication, request, replay, or advice (herein severally and collectively, for convenience, called "Notice") herein provided or permitted to be given, made or accepted by any party to the others must be in writing and may be given or be served by depositing the same in the United States mail postpaid and registered or certified and addressed to the party to be notified, with return receipt requested, or by delivering the same to an officer of such party, or by prepaid telegram, when appropriate, addressed to the party to be notified. Notice deposited in the mail in the manner hereinabove described shall be conclusively deemed to be effective, unless otherwise stated in this Agreement, from and after the expiration of four (4) days after it is so deposited. Notice given in any other manner shall be effective only if and when received by the party to be notified. For the purpose of notice, the addresses of the parties shall, until changed as hereinafter provided, be as follows: If to LCRA, to: If to BRA, to: If to Austin, to: If to Round Rock, to: If to Cedar Park, to: The parties shall have the right from time to time and at any time to change their respective addresses and each shall have the right to specify as its address any other address by at least fifteen (15) days written notice to the other parties. Section 8.17. MODIFICATION. Except as otherwise provided in Section 2.06, this Agreement shall be subject to change or modification only with the mutual consent of the governing bodies of each of the parties hereto, which consent shall not be unreasonably withheld or delayed, but the parties recognize that the Bond Resolution may contain covenants by BRA or LCRA not to consent to certain changes or modifications of this Agreement. -37- Section 8.18. ASSIGNABILITY. This Agreement shall not be assignable by any party without the prior written consent of the other parties, which consent shall not be unreasonably withheld or delayed. Section 8.19. SEVERABILITY. The provisions of this Agreement are severable, and if any provision or part of this Agreement or the application thereof to any person or circumstance shall ever be held by any court of competent jurisdiction to be invalid or unconstitutional for any reason, the remainder of this Agreement and the application of such provision or part of this Agreement to other persons 'or circumstances shall not be affected thereby. Section 8.20. MERGER. This Agreement constitutes the entire agreement between the parties relative to the subject matter thereof. There have been and are no agreements, covenants, representations or warranties between the parties other than those expressly stated herein or expressly provided for herein. ARTICLE IX ADVISORY COMMI t'bE Section 9.01. COMPOSITION OF ADVISORY COMMITTEE. There is hereby created an Advisory Committee to be composed of the following: (a) Two representatives appointed by Austin; (b) Two representatives appointed by Cedar Park; and (c) Two representatives appointed by Round Rock. The governing bodies of the Customers shall each appoint their representatives (and alternate representatives to serve in the absence of the Customers' representatives) to the Advisory Committee promptly after execution of this Agreement, and shall immediately notify BRA and LCRA of such appointment. Each representative (or alternate representative) of a Customer shall serve at the will of the governing body which the person represents. Upon the death, resignation or revocation of the power of such representative (or alternate representative), the governing body of the appropriate entity shall promptly appoint a new representative (or alternate representative) to the Advisory Committee. Section 9.02. RESPONSIBILITY OF ADVISORY COMMIT1'hE. The Advisory Committee may consult with and advise BRA and LCRA, through their respective General Managers or designated representatives, with regard to the following matters pertaining to the System: (a) The issuance of Bonds; (b) The operation and maintenance of the System; (c) Additional Customers and the terms and conditions of the agreements with such Additional Customers consistent with the provisions of this Agreement; -38- (d) Agreements for services to entities which are not Additional Customers and the prices, terms, and conditions of such agreements consistent with the provisions of this Agreement; (e) Review of the budgets, prior to submission to the Boards of Directors of BRA or LCRA; (f) Review of the annual reports of the System; (g) (h) Review of the funding and use of the Operation and Maintenance Reserve Fund and the Repair and Replacement Reserve Fund; and (i) Improvements to and extension of the System; Any other pertinent matters relating to the management of the System. The Advisory Committee shall have access to and may inspect at any reasonable time all physical elements of the System and all records and accounts of BRA and LCRA pertaining to the System. ARTICLE X NEGOTIATION AND MEDIATION OF DISPUTES Section 10.01. AGREEMENT TO NEGOTIATE FIRST TO RESOLVE ISSUES. The parties agree to attempt first to resolve disputes concerning this Agreement amicably by promptly entering into negotiations in good faith. The parties agree that they will not refer any dispute to another dispute resolution procedure including mediation or litigation until they have first made reasonable and good faith efforts to settle their differences by joint negotiations conducted in a timely manner. Section 10.02. AGREEMENT TO MEDIATE. If any dispute cannot be resolved through good faith negotiation, then the parties shall endeavor to resolve the dispute by mediation as provided herein. Section 10.03. PRESENTATION OF WRITTEN CLAIM REGARDING DISPUTES NOT RESOLVED BY NEGOTIATION. In the event that a dispute is not resolved as a result of such negotiations, either party may at any time give formal written notice to the other of a "claim." A "claim" as used herein means a demand or assertion by one of the parties (the "claimant ") seeking, as a matter of right, adjustment or interpretation of contract terms, the payment of money, an extension of time for performance or other relief with respect to the terms of this Agreement or any other dispute or matter in question among the parties arising out of or related to this Agreement. Such notice shall be in writing. After such notice is given, the dispute resolution procedure provided for below shall immediately enter into effect. Section 10.04. PERFORMANCE DURING MEDIATION. The claimant shall continue with performance under this Agreement pending mediation of the dispute. -39- Section 10.05. APPOINTMENT OF MEDIATOR. Promptly following the making of a written claim by any party, the parties will consult with one another to agree on the appointment of a mediator acceptable to all parties. The mediator shall have experience in matters of the kind giving rise to the claim. If within five (5) business days the parties are unable to agree on the appointment of a mediator, then any party may request the appointment of a mediator by the Center for Public Policy Dispute Resolution at the University of Texas at Austin School of Law. The parties shall endeavor to secure such appointment from the Center for Public Policy Dispute Resolution within ten (10) business days after the request for same is made. The parties agree to utilize the mediator appointed by the Center unless they ultimately reach agreement on an alternative selection and give notice to the Center that another selection has been made by agreement. Section 10.06. RULES FOR MEDIATION. The parties agree to the following stipulations concerning the conduct of the mediation: (a) The mediator shall be impartial among the parties and shall have no conflict of interest. (b) The mediator shall not have any past, present or anticipated financial interest in the Agreement or the System except for the payment for services as mediator nor shall the mediator have been previously employed or acted as a consultant, attorney, employee, engineer, architect, contractor or subcontractor of any party nor have any present or anticipated future engagement of the kind described. Before the engagement of the mediator is finalized, the mediator shall provide to the parties a disclosure statement containing a resume of experience, a description of past, present or anticipated future relationships to the System and the parties, their engineers, contractors, subcontractors, attorneys, architects, or consultants. (c) The mediation shall be held at a time and location mutually agreeable to the parties and the mediator provided, however, that the mediation shall commence no later than fifteen (15) business days following the confirmation of appointment. (d) At least five (5) business days prior to the mediation, the claimant shall submit to the parties and the mediator a statement of the claimant's position, the issues that need to be resolved and a summary of the arguments supporting the claimant's position. At least two (2) business days prior to the mediation, the responding parties shall submit their written response to the claimant's statement and provide a summary of their arguments in response. (e) If the parties agree that independent expert or technical advice would be helpful in facilitating a negotiated resolution of the dispute, the mediator may make arrangements to obtain such advice, and may, with the agreement of the parties, make arrangements for an independent expert to render a non - binding advisory opinion with respect to any technical matters in dispute after hearing the contentions of the parties with respect thereto. The expenses of obtaining such independent advice or advisory opinion shall be borne equally by the parties. (f) No party shall engage in any private interview, discussion or argument with the mediator concerning the subject matter of the mediation. -40- (g) The fees of the mediator and any other costs of administering the mediation shall be borne equally by the parties unless otherwise agreed among them in writing. (h) The mediator may promote settlement in any manner the mediator believes appropriate at one or several mediation sessions as agreed to by the parties. The mediation shall continue only so long as desired by the parties and with the consent of all of them. (i) Mediation sessions shall be private unless otherwise required by law. Persons other than the representatives of the parties may attend mediation sessions only with the permission of all parties and the consent of the mediator. (j) All communications made in the course of the mediation process including any advice or advisory opinions rendered shall be confidential in accordance with V.T.C.A. Civil Practice and Remedies Code, Section 154.073. ARTICLE XI EFFECTIVE DATE AND TERM OF AGREEMENT . Section 11.01. EFFECTIVE DATE. This Agreement shall become effective upon execution by BRA, LCRA and all Customers and such fact shall be communicated in writing to the Customers by BRA and LCRA. This Agreement shall constitute the sole and only contract between the Customers and BRA and LCRA regarding Wastewater disposal services and the Customers hereby recognize and affirm their responsibility to make the payments required hereunder. Section 11.02. TERM OF AGREEMENT. This Agreement shall continue in force and effect from the effective date hereof for a period of forty (40) years, and thereafter shall continue in effect until any Bonds, or Bonds issued to refund same, if any, have been paid in full. The Customers shall have the right to the continued performance of services provided hereunder for the useful life of the System after amortization of LCRA's and BRA's investment in the System, upon payment of charges by the Customers. -41- IN WITNESS WHEREOF, the parties hereto acting under authority of their respective governing bodies have caused this Agreement to be duly executed in several counterparts, each of which shall constitute an original, all as of the day of , 1996. ATTEST: By: Name: Title: ATTEST: By: Name: Title: BRAZOS RIVER AUTHORITY By: Name: Title: LOWER COLORADO RIVER AUTHORITY By: Name: Title: -42- Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Contractual Flows (Kgal /yr) 295,833 763,434 2,054,527 3,113,794 332,698 837,529 2,110,788 3,281,015 375,476 926,151 2,168,633 3,470,260 423,218 1,002,874 2,228,011 3,654,103 443,585 1,096,387 2,307,625 3,847,597 464,280 1,189,462 2,390,100 4,043,842 487,020 1,285,494 2,475,488 4,248,002 510,124 1,378,240 2,563,943 4,452,307 533,594 1,469,636 2,655,565 4,658,795 557,465 1,581,983 2,750,406 4,889,854 581,774 1,694,367 2,848,723 5,124,864 606,557 1,806,750 2,950,514 5,363,821 Austin Cedar Park Round Rock Total Contractual Flow as Percent of Total Flow Austin 9.50% 1014% 10.82% 11.58% 11.53% 11.48% 11.46% 11.46% 11 45% 11 40% 11.35% 11.31% Cedar Park 24.52% 25.53% 26.69% 27.45% 2850% 29.41% 3026% 30.96% 31.55% 32.35% 33.06% 33.68% Round Rock 65.98% 64.33% 62.49% 60.97% 59.98% 59.10% 58 27% 57.59% 57.00% 56.25% 55.59% 55.01% Total 10000% 10000% 100.00% 100.00% 100.00% 10000% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Maximum Month Daily Average Flows (MGD) Austin 0.97 1.09 1.23 1.39 1.46 1.53 1.60 1 68 1.75 1.83 1.91 1.99 Cedar Park 2 51 2.75 3.04 3.30 3.60 3.91 4.23 4.53 4.83 5.20 5.57 5.94 . Round Rock 6.75 6.94 7.13 7.32 7.59 7.86 8.14 8.43 8.73 9.04 9.37 9.70 Total 10.24 10.79 11.41 12.01 12.65 13.29 13.97 14.64 15.32 16.08 16.85 17.63 Total Available - Treatment Plant Capacity Available (MGD) Cedar Park Regional WWTP (MGD) 2.5 2 5 2 5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 Round Rock East Regional WWTP (MGD) 11.8 11.8 11.8 11 8 11.8 11.8 11 8 11.8 11.8 11.8 11 8 17.8 Round Rock West RegionalWWTP (MGD) 3.0 30 3.0 3.0 3.0 3.0 3.0 30 3.0 3.0- 3.0 3.0 Total 17.3 17.3 17.3 17.3 17.3 17 3 17.3 17.3 17.3 17.3 17 3 23.3 Allocated Per Cent of Available Treatment Capacity Austin 11 35% 11 35% 11.35% 11.35% 11.35% 11.35% 11 35% 11 35% 11.35% 11.35% 11.35% 11.36% Cedar Park 33 06% 33.06% 33.06% 33 06% 3306% 33.06% 33.06% 33.06% 3306% 33.06% 33.06% 34 67% Round Rock 55.59% 55.59% 55.59% 55.59% 55.59% 55.59% 55.59% 55.59% 55.59% 55.59% 55.59% 53 97% Total I 100.00% 100 00% 100.00% 100 00% 100.00% 100 00% 10000% 100.00% 100 00% 100.00% 100.00% 100 00% EXHIBIT _ 1 BRUSHY CREEK REGIONAL WASTEWATER SYSTEM Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Contractual Flows (Kgal /yr) 631,742 1,919134 3,055,933 5,606,809 657,475 2,031,517 3,165,083 5,854,075 683,609 2,109,919 3,278,218 6,071,746 710,363 2,188,285 3,395,340 6,293,988 737,592 2,266,687 3,516,651 6,520,930 765,442 2,345,052 3,642,306 6,752,800 793,839 2,423,454 3,772,355 6,989,648 814,133 2,501,820 3,901,536 7,217,489 834,538 2 580 222 855,159 2 658 587 4,158,876 7,672,622 875,927 2,736,989 4,296.335 7,909,251 896,842 2,815,355 4,438,291 8,150,488 Austin Cedar Park Round Rock Total 4,025,811 7,440,569 Contractual Flow as Percent of Total Flow Austin 11.27% 11.23% 11.26% 11.29% 11.31% 11.34% 11.36% 11.28% 11 22% 11.15% 11.07% 11 00% Cedar Park 34.23% 34.70% 34.75% 34.77% 34.76% 34.73% 34.67% 34.66% 34 68% 34.65% 34.60% 34.54% Round Rock 54.50% 54.07% 53.99% 5395% 53.93% 53.94% 53.97% 54.06% 54.11% 5420% 54.32% 54.45% Total 100.00% 100.00% 100.00% 100.00% 100.00% 10000% 100.00% 100.00% 10000% 100.00% 100.00% 100.00% Maximum Month Daily - Average Flows (MGD) Austin 2.08 2.16 2 25 2.34 2.42 2.52 2.61 2.68 2 74 2.81 2 88 2.95 Cedar Park 6 31 6.68 6.94 7.19 7.45 7.71 7.97 8.23 8 48 8.74 9.00 9 26 Round Rock 10.05 10.41 10.78 11.16 11.56 11 97 12.40 12.83 13 24 13 67 14.12 14 59 Total 18 43 19.25 19.96 20.69 21.44 22.20 22.98 23.73 24 46 25.23 26.00 26 80 Total Available Treatment Plant Capacity Available (MGD) Cedar Park Regional . VWVTP(MGD) 2.5 2.5 2.5 2.5 25 2.5 2.5 2.5 2.5 25 2.5 2.5 Round Rock East Regional WWTP(MGD) 17.8 17.8 17.8 17.8 17.8 17.8 17.8 23.8 23.8 238 23.8 238 Round Rock West Regional WWTP (MGD) 30 3.0 3.0 30 3.0 30 3.0 3.0 3.0 30 3.0 3.0 Total 23.3 23.3 23.3 23.3 23.3 23.3 23 3 29.3 29.3 29.3 29.3 29.3 Allocated Per Cent of Available Treatment ' Capacity Austin 11.36% 11.36% 11 36% 11.36% 11.36% 11.36% 11.36% 10.82% 10.82% 10.82% 1082% 10.82% Cedar Park 34 67% 34.67% 34.67% 34.67% 34.67% 34.67% 34.67% 34.06% 34.06% 34 06% 34.06% 34.06% Round Rock 5397% 53.97% 5397% 53.97% 53.97% 53.97% 53.97% 55.12% 55.12% 5512% 55.12% 55.12% Total 10000% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% EXHIBIT _ 2 BRUSHY CREEK REGIONAL WASTEWATER SYSTEM Year 2021 2022 2023 2024 2025 2026 2027 2028 2029 2036 2036 Downstream Upstream 3,577,000 3,577,000 8916,450 3,916,450 7,467,900 0 14,961,350 7,493,450 Contractual Flows (Kgal /yr) 917,975 2,884,668 4,584,999 8,387,642 939,255 2,950,295 4,736,510 8,626,060 960,717 3,023,259 4,893,029 8,877,005 982,361 3,092,536 5,054,761 9,129,658 1,004,225 3,161,849 5,221,807 9,387,881 1,026,234 3,231,126 5,394,372 9,651,732 1,048,463 3,300,440 5,572,659 9,921,562 1,070,874 8369,717 5,756,824 1,093,504 3,439,030 5,947,069 "" Austin Cedar Park Round Rock Total Contractual Flow as Percent of Total Flow Austin 10.94% 10.89% 10.82% 10.76% 10.70% 10.63% 10.57% 10.50% 10.43% 23.91% 4774% Cedar Park 34.39% 34.20% 34.06% 33.87% 3368% 33.48% 3327% 33.04% 32.82% 26.18% 5226% Round Rock 54.66% 54.91% 55.12% 55 37% 55.62% 55 89% 56.17% 56.45% 56.75% 49.91% 0.00% Total 100.00% 100 00% 100 00% 100 00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% Maximum Month Daily Average Flows (MGD) Austin 3.02 3.09 3.16 3.23 3.30 337 3.45 3.52 3.60 Cedar Park 9.48 9.70 9.94 10.17 10.40 10.62 10.85 11.08 11.31 . Round Rock 15 07 15.57 16 09 16 62 17.17 17.73 18.32 18.93 19.55 . Total 27.58 28.36 29.18 30.02 30.86 31.73 32.62 33.53 34.45 Total Available Treatment Plant Capacity Available (MGD) Cedar Park Regional WWiP (MGD) 2.5 2 5 2.5 2.5 2.5 2 5 2.5 2.5 2 5 Round Rock East Regional WWfP(MGD) 23.8 23.8 238 29.3 29.3 29.3 29.3 29.3 29.3 Round Rock West Regional WiNTP (MGD) 3.0 3.0 3.0 30 3.0 3.0 3.0 3.0 3.0 Total 29.3 29.3 29 3 34.8 34.8 34.8 3.4.8 34.8 34 8 Allocated Per Cent of Available Treatment Capacity Austin 10.82% 10.82% 10.82% 10.43% 10.43% 10.43% 10.43% 1043% 10.43% Cedar Park 34.06% 34 06% 34.06% 32.82% 32.82% 32.82% 32.82% 32.62% 32.82% Round Rock 55.12% 5512% 55.12% 56 75% 56.75% 56.75% 56.75% 56.75% 56 75% Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 10000% 100.00% 10000% EXHIBIT _ 3 BRUSHY CREEK REGIONAL WASTEWATER SYSTEM ATTEST: By: Name: Title: ATTEST: By: Name: Title: ATTEST: By: Name: Title: \bralcra7.agt CITY OF AUSTIN By: Bruce Todd Mayor CITY OF CEDAR PARK By: Dorthey Duckett Mayor CITY OF ROUND ROCK By: Charles Culpepper Mayor -43- EXECUTIVE SUMMARY OF THE WASTEWATER DISPOSAL CONTRACT Article 1. Definitions. (e) "Annual Operation and Maintenance Expense Requirement" means the amount budgeted for all Operation and Maintenance Expense during any Fiscal Year. (f) "Annual Project Requirement" means the amount budgeted for the capital related costs of the System, including Bond Costs, GIF Advanced Costs, and the LCRA Management Fee. (r) "BRA Management Fee" means a 7% of the amount budgeted for the Annual Operation and Maintenance Expense Requirement. (s) "Capital Charge" means the monthly amount owed by each Customer to pay for the Annual Project Requirement. (x) "Contractual Flow" means the amount of Wastewater projected to be discharged by a Customer in a particular year. (aa) "Downstream Collection System" means that portion of the System from Node B -3 downstream to the East Plant. (hh) "Flow Charge" means the monthly amount paid by each Customer for Annual Operation and Maintenance Expense Requirement. (rr) "LCRA Management Fee" means the fee to be paid to LCRA pursuant to Sec. 7.05. (vv) "Operation and Maintenance Expense" means all costs of operation and maintenance of the System. (bbb) "Project Costs" means all acquisition and construction costs for projects of the regional system. (ggg) "System" means the wastewater treatment facilities owned by LCRA (iii) "Upstream Collection System" means the portion of the System from Node B -3 upstream. C \WPDCCS\A CITY \REGIM\LCRA BRA\EXESUf2.WPD /sls 1 ti. 2.01. General. In order to treat and dispose of Customers' wastewater, LCRA will acquire, construct and own the System and BRA will operate the System. 2.02. Acquisition and Construction of Phase I. LCRA and Customers agree to proceed to consummate the "Acquisition Contracts" with each Customer (cities). July 12, 1996 is anticipated Funding Date. Austin and Round Rock agree to instruct the WCID to transfer their rights in the Regional System to the LCRA. LCRA agrees to proceed with the acquisition and construction of the remainder of Phase I. 3.01. OPERATION. The System shall be operated by BRA. 3.02. COMPETITIVE BIDS. BRA will compare costs of private operation with its own costs of operation. If BRA is operator, it will evaluate taking competitive bids upon request of Advisory Committee or when operating costs increase more than 150% of CPI. 4.01. DISCHARGE QUANTITIES. Customers have the right to discharge Wastewater in the amounts described below: a. Into Phase I: Round Rock 8.7 mgd Austin 1.2 mgd Cedar Park 0.5 mgd at Onion Branch 2.5 mgd at CP Treatment Plant b. Into Phase II: Round Rock Austin Cedar Park ARTICLE II. DESIGN, ACQUISITION AND CONSTRUCTION OF SYSTEM BY THE ALLIANCE ARTICLE III. OPERATION OF SYSTEM BY BRA ARTICLE IV. DISCHARGE OF WASTEWATER AND METERING 8.7 mgd 1.8 mgd 5.6 mgd 2 4.04. Rate and Quantity at Point(s) of Entry. The rate of wastewater will be metered and annual flow shall be used to determine payment for the Flow Charges. ARTICLE V. QUALITY AND TESTING ARTICLE VI. ACQUISITION AND CONSTRUCTION OF PHASE I OF SYSTEM 6.01. Phasing of System Implementation. LCRA will acquire the regional system assets on the initial funding date, and promptly thereafter acquire and construct the remainder of Phase I. Thereafter LCRA will acquire or construct subsequent phases as described in Engineering Report. 6.04. Construction of Expansions. When either LCRA or BRA determine that an Expansion is necessary, it will give 45 days written notice of its intention to proceed with plans for such Expansion. A request for an expansion from a Customer will be deemed a reasonable basis for a determination, but will not require such a determination. If LCRA or BRA are unwilling to construct the Expansion, the requesting Customer may prepare plans for the Expansion, subject to approval by the LCRA and BRA. When plans are approved, the Customer may proceed with construction, under the supervision of LCRA and BRA. Upon construction, LCRA shall own, operate and maintain the Expansion. 7.01 Establishing budgets and charges. 75 days before commencement of each Fiscal Year LCRA and BRA will prepare and file with each Customer the tentative budgets for Annual Project Requirement and Annual Operation and Maintenance Expense Requirement and corresponding Capital Charges and Flow Charges for next year. If no protest filed within 45 days the tentative Budgets and Charges will be deemed in effect. If protest is filed a hearing will be held to express views to the Board of Directors of LCRA or BRA. 7.04. Capital Charge. ARTICLE VII. SYSTEM BUDGETS AND CHARGES a) Each month each customer will pay its Capital Charge. 3 b) The Capital Charge is 1/12 of the Annual Project Requirement based upon Contractual Flows as shown on Exhibit c) The Annual Project Requirement will be allocated to Customers in two steps. (i) The Annual Project Requirement will be functionalized between Treatment Facilities, Downstream Collection System and Upstream Collection System. (ii)(A) The Annual Project Requirement- Treatment Facilities will be allocated among Customers in proportion to their Contractual Flows. The Contractual Flows may be changed for the following reasons: (I) If Customer's actual flow exceeds the Contractual Flow prior to the next Expansion Year. (II) If an Expansion Year is reached and actual flows from each Customer are less than their Contractual Flows, then Contractual Flows will continued to be used. (III) If an Additional Customer executes an Agreement, the Contractual Flows of the Additional Customer will be used to reallocate the Annual Project Requirement of all Customers. (IV) At least once every five years the Customers will review assumptions and projections in the Engineering Report. (B) The Annual Project Requirement- Downstream Collection System will allocated between Customers and Additional Customers in proportion to their Contractual Flow's in Year 2036 as shown in Exhibit (C) The Annual Project Requirement- Upstream Collection System will be allocated between Customers (other than Round Rock). 7.05. Flow Charges. Each Customer will pay a monthly Flow Charge equal to 1/12 of the Annual Operation and Maintenance Expense Requirement. 4 7.07. Default. In event of default, the Alliance shall give notice to defaulting Customer and all other Customers. If default is not cured in 30 days the LCRA /BRA may terminate service. If default is not cured in 90 days the LCRA /BRA may terminate Agreement with defaulting Customer. 7.08. LCRA Management Fee. Customers agree to pay to LCRA 7% of the Annual Project Requirement. To the extent that Austin pays cash for its share of Project Costs, Austin shall pay 7% of the estimated additional Capital Charge had LCRA financed Project Costs. ARTICLE VIII. GENERAL PROVISIONS 8.01. Obligations of Customers. Alliance shall never have the right to demand payment from Customers from funds raised by taxation. 8.02. Payments Constitute Operating Expenses. Payments for services constitute "operating expenses" within meaning of Article 1113, V.A.T.S. 8.03. Customers to establish adequate rates. Customer agrees to establish adequate rates to make possible prompt payment of payments required hereunder. 8.04. Mandamus. Alliance has right to writ of mandamus compelling Customer to take all actions and to make prompt payment of all charges. 8.05. Customer Remedies. Customers shall have right to writ of mandamus compelling LCRA /BRA to perform obligations imposed by this Agreement. 8.11. Contracts with Others in Relation to System. (a) Customers have right to enter into contracts with other persons to receive Wastewater. (b) BRA and LCRA may enter into similar Agreements with Additional Customers provided: 1) Agreement comply with this Agreement and are substantially similar; 2) Such agreements do not prevent LCRA /BRA from meeting their obligations under this Agreement; 5 3) such agreements do not cause adverse impacts on the Charges to the existing Customers; 4) no agreement will be made for service within a Customer's limits or ETJ ARTICLE IX. ADVISORY COMMITTEE 9.01. Composition of Advisory Committee. Two representatives each to be appointed by Round Rock, Austin, and Cedar Park. 9.02. Responsibility of Advisory Committee. Tp review and submit recommendations to LCRA /BRA with regard to the following matters: (a) Issuance of Bonds (b) Operation and maintenance of the System (c) Additional Customers (d) Agreements with entities which are not Additional Customers (e) Review of Budgets (f) Review of annual reports of the System (g) Improvements and expansions to the System (h) Review of O &M Reserve Fund and Repair and Replacement Reserve Fund (i) Any other pertinent matter related to the System. ARTICLE X. NEGOTIATION AND MEDIATION OF DISPUTES 10.01. Parties agree to attempt to resolve disputes by entering into good faith negotiations and mediation, if necessary. ARTICLE XI. EFFECTIVE DATES AND TERM OF AGREEMENT 11.01. Effective Date. Upon execution by BRA, LCRA, and all Customers. 11.02. Term of Agreement. For a period of 40 years and thereafter until all Bonds have been paid in full. Customers have right to continued services for useful life of System after amortization of Alliance's investment, upon payment of charges by Customer, reduced to take into consideration such amortization. 6 DATE: May 7, 1996 SUBJECT: City Council Meeting, May 9, 1996 ITEM: 14.E. Consider a resolution authorizing the Mayor to execute a Wastewater Disposal Agreement with LCRA /BRA Alliance STAFF RESOURCE PERSON: Bob Bennett and /or Steve Sheets STAFF RECOMMENDATION: Approval of the resolution Late last year the City of Round Rock approached officials with the LCRA and BRA requesting their assistance with respect to the regionalization of wastewater treatment in the upper Brushy Creek drainage basin in Williamson County. In response to the City's request, LCRA and BRA formed an informal "Alliance" to implement cooperation and the pooling of resources to, among other things, construct, operate and maintain a regional wastewater system in the Brushy Creek basin. For the past five to six months, the Alliance and the cities of Round Rock, Austin, and Cedar Park have negotiated the terms of a proposed Wastewater Disposal Contract whereby the LCRA would provide financing for the construction of the wastewater treatment system, and the BRA would provide operation and maintenance of the system. The City of Round Rock's primary concern is that the rates to its customers should be no more under the Alliance option than the option of the City financing and managing the wastewater system itself. An Executive Summary of the Wastewater Disposal Contract is provided for your convenience to summarize the more important terms and conditions of the Contract. While the Contract is generally acceptable, there are some relatively minor terms which remain to be negotiated. The Staff recommends that the Council approve the general terms of the Contract and to authorize the Mayor to sign the Contract subject to the final negotiation and approval of the remaining terms by the City Manager and City Attorney. C \ WPCOCS \ACITY \BLCSSH88 \BLVSHHHS, J., THE POWER TO MAKE A DIFFERENCE. September 19, 1996 Mr. Bob Bennett City Manager City of Round Rock 221 East Main Round Rock, Texas 78664 Re: (Agreement for Acquisition of Wastewater System Assets dated July 12, 1996, by and between the City of Round Rock and the Lower Colorado River Authority (the "Contract) Dear Mr. Bennett: I have enclosed LCRA's objections to the title commitment for the 1.935 acre tract as required by our contract. We will work with you to resolve these matters and look forward to closing on the purchase on or about October 2, 1996, as we have discussed with Steve Sheets and other members of your staff. Yours very truly, hJ.Be. ".E. anager, WaterCo A_q(e- RECEIVED SEP 1 91996 The mcssion ojtbe Loner Colorado Rum. Authority (LCRA) is to provide reliable, !ow -cost utility and public seances in partnership wilb our customers and communities and to use our leadership role and environmental aut only to ensure the protection and constructive use of the area's natural resources The LCRA is a Tema conservation and reclamation district operating with no taring authority P O BOX 220 AUSTIN, TX 78767.0220 (512) 473 -3200 (512) 473 -3298 FAX :. �,A THE POWER TO MAKE A DIFFERENCE. September 18, 1996 Mr. Bob Bennett City Manager City of Round Rock 221 East Main Round Rock, Texas 78664 Re: Agreement for Acquisition of Wastewater System Assets dated July 12, 1996, by and between the City of Round Rock and the Lower Colorado River Authority (the "Contract) Dear Mr. Bennett: After a review of the title commitment GF 96033644 CO, issued on the 1.935 -acre roadway to the East Plant site, LCRA hereby gives you notice, in accordance with Paragraph 2.1 of the Contract, of LCRA's objections to title on that tract: 1. Items listed on Schedule B of Commitment #GF 96033644 CO: a. Item 10: Easement to Texas Power & Light dated July 1, 1940, referred to in deed recorded in Vol. 320, Page 53, Deed Records, Williamson County, Texas; b. Item 11: Easement recorded in Vol. 1235, Page 632; and c. Item 13: Lack of a right of access to and from the property. 2. All exceptions, conditions, or requirements described in Schedule C of the title commitment shall be released and/or satisfied prior to or at closing, and such items and requirements shall not be exceptions to the title insurance policy to be provided by the City of Round Rock. 3. Any encumbrances or other title defects which may be shown on a current plat or survey of the property. 4. Encumbrances, if any, resulting from, arising out of, or relating to the rights of parties under that certain Wastewater Disposal Agreement dated April 11, 1988 between the Brushy Creek WCID No.1, the City of Austin, and the City of Round Rock, as amended. 5. Encumbrances resulting from, arising out of, or relating to the rights of the parties under that certain Wastewater Disposal Agreement dated December 16, 1985, between the above -named parties The mission of the Lower Colorado RbverAutboHty (LCRA) is to provide reliable, low -cost utrbty and publw services in partnership with our customers and communities and to use our leadership role and environmental authority to ensure the protection and constructive use of the area's natural resources, The LCRA is a Texas conservation and reclamation district operating with no taxing aubonryy. P.O. BOX 220 AUSTIN, TX 78767 -0220 (512) 473 -3200 (512) 473.3298 FAX Mr. Bob Bennett September 18, 1996 Page 2 and Williamson County Municipal Utility District No. 2 (now Brushy Creek Municipal Utility District) and Williamson County Municipal Utility District No. 3, as amended. We will need a current survey and plat of the site, prepared by a duly licensed Texas land surveyor. The survey should be staked on the ground, and each plat should show the location of all highways, streets, roads, railroads, creeks, or other water courses, fences, easements, and rights -of -way on or adjacent to the site, if any, and should contain the surveyor's certification that there are no encroachments on the site. It should contain the total number of acres and include a metes and bounds description. The objections in this letter relate only to the above - mentioned 1.935 -acre tract. LCRA reserves all rights to object to title matters on other real property as the Contract may provide. We also are working with Steve Sheets to ensure that any new agreement Round Rock executes with Austin will not encumber this property; however, we reserve the right to make appropriate objections when that document is finalized. LCRA looks forward to closing the transaction contemplated in the Contract, and we will fully cooperate with you in your efforts to resolve these title matters. Y uly, 'J „de B - al, :iF anager, WaterCo pc: Mr. Stephan Sheets Sheets & Crossfield 309 E. Main Round Rock, Texas 78644 FAX (512) 255 -8986 Ms. Jackie Ellason Georgetown Title Company, Inc. 1717 N. Mays Round Rock, Texas 78680 FAX (512) 244 -9138 Mr. Ronald J. Freeman Law Offices of Ronald J. Freeman 301 Congress Avenue, Suite,1400 Austin, Texas 78701 FAX (512) 469 -9015 LOWER COLORADO RIVER AUTHORITY 44319 Brazos River Authority Mr. Bob Bennett City Manager City of Round Rock 221 E. Main Street Round Rock, Texas 78664 Dear Mr. Bennett: RAR:bok t\brushylaccept.doc. HAND DELIVERED Re: Brushy Creek Regional Wastewater System This letter is to confirm that the Brazos River Authority will assume operation of the Round Rock East and Round Rock West plant pursuant to the terms of the Wastewater Disposal Agreement, dated July 12, 1996, and the Agreement Respecting Operation of Sewerage Treatment Plants Serving the City of Round Rock, Texas, dated October 16, 1996, at 12:00 noon on October 16, 1996. Thank you for your assistance in this matter. Sincerely, cc: Mr. Jim Clarno, Lower Colorado River Authority Mr. Henry Huffman, OMI, Inc. ROY A. ROBERTS, P.E. General Manager 4400CobbsDrive • P.O.Box7555 • Waco, Texas 76714-7555 817 - 776-1941 • FAX 817- 772 -5780 -�� -Ds - COI- WE QUALITY • CONSERVATION • SERVICE October 16,_ 1996 THE POWER TO MAKE A DIFFERENCE. August 22, 1996 Mr. Bob Bennett City Manager City of Round Rock 221 East Main Round Rock, Texas 78664 Via Facsimile: (512) 218 -7097 RECEIVED AUG 2 61996 Re: Agreement for Acquisition of Wastewater System Assets dated July 12, 1996, by and between the City of Round Rock and the Lower Colorado River Authority (the "Contract) Dear Mr. Bennett: After a review of the title commitments issued on the East Plant and West Plant sites, site inspections, and other due diligence, LCRA hereby gives you notice, in accordance with Paragraph 2.1 of the Contract, of LCRA's objections to title on the West Plant and East Plant sites: West Plant Site 1. Items listed on Schedule B of Commitment #GF 96033431 CP: a. Item 10: Electric transmission and/or distribution line easement recorded in Vol. 329, Page 232, Deed Records, Williamson County, Texas; b. Item 11: Easement for the passage of livestock to water as described in document recorded in Vol. 472, Page 677; and c. Item 19: Electric distribution line easement and right -of -way recorded in Vol. 733, Page 796; and d. Items 12, 13, 14, and 18 of Schedule B do not affect the West Plant site and should be removed from the title commitment. The mission of the Lower Colorado Rims Authority (LCRA) is to provide reliable, low -cost utility and public services in partnership with our customers and communities and to use our leadership role and environmental authority to ensure the protection and constructive use of the area's natural resources. The LCRA is a Texas toner alion and reclamation district operating with no taxing authority. PO BOX 220 AUSTIN, TX 78767.0220 (512) 473 -3200 (512) 473 -3298 FAX Mr. Bob Bennett August 22, 1996 Page 2 2. All exceptions, conditions, or requirements described in Schedule C of the title commitment shall be released and/or satisfied prior to or at closing, and such items and requirements shall not be exceptions to the title insurance policy to be provided by the City of Round Rock. 3. Any encumbrances or other title defects which may be shown on a current plat or survey of the property. 4. The City has obtained easement rights of ingress and egress as described in the instrument recorded in Vol. 909, Page 823. Clear title to that or other access rights to the property must be conveyed to LCRA at closing. 5. The possibility of environmental problems on the West Plant site, including the "boneyard" and landfill located on the eastem portion of the property. East Plant Site 1. Items listed on Schedule B of Commitment #GF 96033432 CP: a. Item 10: Surface rights of the owners of mineral interests reserved in document recorded in Vol. 504, Page 348, as amended by instrument recorded in Vol. 768, Page 654; b. Item 11: Electric transmission and distributing line easement recorded in Vol. 224, Page 380; c. Item 12: Electric transmission and distributing line easement recorded in Vol. 283, Page 522; and d. Item 16: Lack of right of access to and from the plant site and crossing rights from the railroad (see item 8 of Schedule C). 2. All exceptions, conditions, or requirements described in Schedule C of the title commitment shall be released and/or satisfied prior to or at closing, and such items and requirements shall not be exceptions to the title insurance policy to be provided by the City of Round Rock. • LOWER COLORADO RIVER AUTHORITY ; Mr. Bob Bennett August 22, 1996 Page 3 3. Any encumbrancess other title defects which may be shown on a current plat or survey of the property. 4. The encroachment of equipment and facilities (including transformer, electric service line, water meter, water line, sludge /water line, control panel, etc.) on the adjacent City of Austin property. 5. Encumbrances, if any, resulting from, arising out of, or relating to the rights of parties under that certain Wastewater Disposal Agreement, dated April 11, 1988 between the Brushy Creek WCID No.1, the City of Austin, and the City of Round Rock, as amended, and that certain Wastewater Disposal Agreement dated December 16, 1985, between the above -named parties and Williamson County Municipal Utility District No. 2 (now Brushy Creek Municipal Utility District) and Williamson County Municipal Utility District No. 3, as amended. We will need a current survey and plat of each of the sites, prepared by a duly licensed Texas land surveyor. Each survey should be staked on the ground, and each plat should show the location of all improvements, highways, streets, roads, railroads, creeks, or other water courses, fences, easements, and rights -of -way on or adjacent to the site, if any, and should contain the surveyor's certification that there are no encroachments on the site. It should contain the total number of acres and include a metes and bounds description. The objections in this letter relate only to the East Plant and West Plant sites. LCRA reserves all rights to object to title matters on other real property as the Contract may provide. LCRA looks forward to closing the transaction contemplated in the Contract, and we will fully cooperate with you in your efforts to resolve these title matters. ery truly, Jtseph J. Beal, P.E. Manager, WaterCo cc: Mr. Stephan Sheets Sheets & Crossfield 309 E. Main Round Rock, Texas 78644 FAX (512) 255 -8877 LOWER COLORADO RIVER AUTHORITY Mr. Bob Bennett August 22, 1996 Page 4 Ms. Jackie Ellason Georgetown Title Company, Inc. 1717 N. Mays Round Rock, Texas 78680 FAX (512) 244 -9138 Mr. Ronald J. Freeman Law Offices of Ronald J. Freeman 301 Congress Avenue, Suite 1400 Austin, Texas 78701 FAX (512) 469 -9015., ! jt h. 'f LOWER COLORADO RIVER AUTHORITY Name of Addressee Bob Bennet Company /Firm Name City of Round Rock Facsimile Number 512- 218 -7097 Re: Agreement for Acquisition of Wastewater System Assets • 08/22/98 15:34 3 512 473 4010 • 7 FAX TRANSMISSION Date: August 22, 1996 From: Joseph J. Beal, P.C. Manager, WaterCo PLEASE DELIVER THE ATTACHED MESSAGE TO: Comments /Special Instructions: LCRA LEGAL DEPT THIS MESSAGE I5 INTENDED ONLY FOR THE USE OF THE INDIVIDUAL TO WHOM IT IS ADDRESSED AND CONTAINS INFORMATION THAT IS PRIVILEGED OR CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER LAW. IRIPIrra Number of pages attached; _4_ IF YOU ARE NOT THE ADDRESSEE NAMED ABOVE, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THIS MESSAGE TO THE ADDRESSEE YOU ARE HEREBY NOTIFIED THAT ANY UNAUTHORIZED DISCLOSURE, DISTRIBUTION, OR COPYING OF THIS MESSAGE IS STR /CTLYPROHIBITED. IF YOU HAVE RECEIVED THIS MESSAGE IN ERROR PLEASE NOTIFY THE SENDER IMMEDIATELY BY TELEPHONE AT THE NUMBER BELOW AND RETURN THE ORIGINAL MESSAGE TO THE ABOVE ADDRESS WA U.S.MAIL. THANK YOU. Can 1.3004785272 art. 2204 or 512173 -3304 H you have any questions or comments. @3598 LCRA • P.O. Box 220 • Austin, Texas 78767 -0220 3701 Lake Austin Blvd. • Austin, Texas 78703 (512) 473 -3304 • FAX (512) 473.4010 IJ 001 . 08/22/96 15:35 $512 473 4010 LCRA LEGAL DEPT l 002 THE POWER 70 MAKE A DIFFERENCE. August 22, 1996 Mr. Bob Bennett Via Facsimile: (512) 218 -7097 City Manager City of Round Rock 221 Fast Main Round Rock, Texas 78664 Re: Agreement for Acquisition of Wastewater System Assets dated July 12, 1996, by and between the City of Round Rock and the Lower Colorado River Authority (the "Contract) Dear Mr. Bennett: After a review of the title commitments issued on the East Plant and West Plant sites, site inspections, and other due diligence, LCRA hereby gives you notice, in accordance with Paragraph 2.1 of the Contract, of LCRA's objections to title on the West Plant and East Plant sites: West Plant Site 1- Items listed on Schedule B of Commitment #GF 96033431 CP: a. Item 10: Electric transmission and/or distribution line easement recorded in Vol. 329, Page 232, Deed Records, Williamson County, Texas; b. Item 11: Easement for the passage of livestock to water as described in document recorded in Vol. 472, Pagc 677; and c. Item 19: Electric distribution line easement and right -of -way recorded in Vol. 733, Page 796; and d. Items 12, 13, 14, and 18 of Schedule B do not affect the West Plant site and should be removed from the title commitment. The mission of Ms Lower Colorado RinerAwhoriry (FI RA) ie to pnnide mlinbl; low-cost reap and public services In parhrersbrp with orn •,avumer and communities and In use our kmdersb0 role and environmental authority m ensure the protection and constmctive use (Jibe IORa ;'S natrral narnwxs. 0* i.CRA is a 7kun ennsanedron and reclwaallon district operating with no faxing authority. P.O. BOX 220 AUSTIN. TX 78767.0220 15121 4 73.3200 151'il 473.13'18 FAX t 08/22/98 15:35 Mr. Bob Bennett August 22, 1996 Page 2 $512 473 4010 LCRA LEGAL DEPT 2. All exceptions, conditions, or requirements described in Schedule C of the title commitment shall be released and/or satisfied prior to qr at closing, and such items and requirements shall not be exceptions to the title insurance policy to be provided by the City of Round Rock. 3. Any encumbrances or other title defects which may be shown on a current plat or survey of the property. 4. The City has obtained easement rights of ingress and egress as described in the instrument recorded in Vol. 909, Page 823. Clear title to that or other access rights to the property must be conveyed to LCRA at closing. 5. The possibility of environmental problems on the West Plant site, including the "boneyard" and landfill located on the eastern portion of the property. Fast Plant Site I. Items listed on Schedule B of Commitment #GF 96033432 CP: a. Item 10: Surface rights of the owners of mineral interests reserved in document recorded in Vol. 504, Page 348, as amended by instrument recorded in Vol. 768, Page 654; b. Item 11: Electric transmission and distributing line easement recorded in Vol. 224, Page 380; c. Item 12: Electric transmission and distributing line easement recorded in Vol. 283, Page 522; and d. Item 16: Lack of right of access to and from the plant site and crossing rights from the railroad (see item 8 of Schedule C). 2. All exceptions, conditions, or requirements described in Schedule C of the title commitment shall be released and/or satisfied prior to or at closing, and such items and requirements shall not be exceptions to the title insurance policy to be provided by the City of Round Rock. LOWER COLORADO RIVERAIJUIORnY e 003 . 08/22/98 15:35 Mr. Bob Bennett August 22, 1996 Page 3 3. Any encumbrances or other title defects which may be shown on a current plat or survey of the property. 4. The encroachment of equipment and facilities (including transformer, electric service line, water meter, water line, sludge/water line, control panel, etc.) on the adjacent City of Austin property. 5. Encumbrances, if any, resulting from, arising out of, or relating to the rights of parties under that certain Wastewater Disposal Agreement dated April 11, 1988 between the Brushy Creek WCID No.1, the City of Austin, and the City of Round Rock, as amended, and that certain Wastewater Disposal Agreement dated December 16, 1985, between the above -named parties and Williamson County Municipal Utility District No. 2 (now Brushy Creek Municipal Utility District) and Williamson County Municipal Utility District No. 3, as amended. We will need a current survey and plat of each of the sites, prepared by a duly licensed Texas land surveyor. Each survey should be staked on the ground, and each plat should show the location of all improvements, highways, streets, roads, railroads, creeks, or other water courses, fences, easements, and rights -of -way on or adjacent to the site, if any, and should contain the surveyor's certification that there are no encroachments on the site. It should contain the total number of acres and include a metes and bounds description. The objections in this letter relate only to the East Plant. and West Plant sites. LCRA reserves all rights to object to title matters on other real property as Contract may provide. LCRA looks forward to closing the transaction contemplated in the Contract, and we will fully cooperate with you in your efforts to resolve these title matters. cc: Mr. Stephan Sheets Sheets & Crossfield 309 E. Main Round Rock, Texas 78644 FAX (512) 255 -8877 LOWER COLORADO RmutAmtloRRY $512 473 4010 LCRA LEGAL DEPT Idj004 , 08/22/98 15:36 $512 473 4010 LCRA LEGAL DEPT fj005 Mr. Bob Bennett August 22, 1996 Page 4 Ms. Jackie Ellason Georgetown Title Company, Inc. 1717 N. Mays Round Rock, Texas 78680 FAX (512) 244 -9138 Mr. Ronald 3. Freeman Law Offices of Ronald J. Freeman 301 Congress Avenue, Suite 1400 Austin, Texas 78701 FAX (512) 469 -9015 LOWER COLORADO RwmtAtimouny RECITALS £- % -05 o9--NL AGREEMENT FOR ACQUISITION OF WASTEWATER SYSTEM ASSETS THIS AGREEMENT FOR ACQUISITION OF WASTEWATER SYSTEM ASSETS (the "Agreement ") is made and entered into as of the 1 day of - 3 - uit, , 1996 (the "Effective Date "), by and between the LOWER COLORADO RIVER AUTHY, a conservation and reclamation district and political subdivision of the State of Texas ( "Buyer "), the BRAZOS RIVER AUTHORITY, a conservation and reclamation district and a political subdivision of the State of Texas ("BRA ") and the CITY OF ROUND ROCK, a Texas municipal corporation ( "Seller "). A. Seller is the current owner of those certain wastewater system assets more particularly described herein in Exhibit A (the "Regional System Assets "). B. Seller desires to sell and convey to Buyer and Buyer desires to purchase and acquire from Seller the Regional System Assets upon the terms and conditions more particularly set forth in this Agreement. C. Buyer and BRA are entering into this Agreement for the purpose of furthering the objectives of the Brazos - Colorado Water Alliance. AGREEMENT NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, the Independent Contract Consideration stated herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: ARTICLE I PURCHASE AND SALE OF THE PURCHASED REGIONAL SYSTEM ASSETS Section 1.1. Transfer of Purchased Regional System Assets by Seller. Subject and pursuant to the terms and conditions set forth in this Agreement, on the Closing Date (as defined in Section 5.1 hereof), Seller shall sell to Buyer, and Buyer shall purchase from Seller, the following: (a) Facilities. (i) All of the plants, pipes, pumps, fittings, valves, fixtures, equipment, and other tangible assets listed on Schedule 1 of Exhibit A attached hereto and incorporated herein for all purposes (the "Facilities "); and (ii) the other tangible assets of Seller listed on Exhibit A which are relevant and necessary for the Buyer's ownership and operation of the Regional System Assets and to the extent Seller needs to retain originals of each of the items in (a)(ii), copies only shall be delivered to Buyer. A complete inventory ("Inventory") of the stock, parts, chemicals, tools and equipment which are owned by Seller and necessary for the operation of the Regional System Assets shall be taken at the expiration of the Review Period (defined below), by Buyer and Seller. The full list of all items shown on the Inventory shall constitute a part of the Facilities to be transferred to Buyer at Closing. If any item listed on the Inventory is sold or transferred to any person following the completion of the Inventory, it shall be replaced with an item of equal or better quality and type. (b) Contracts. (i) All contracts, option rights, permits, certificates, licenses, reimbursements rights, deposits, service agreements, warranties, goodwill and other intangible assets of Seller including any security or deposits associated therewith which are related to the ongoing operation and ownership of the Regional System Assets including but not limited to those more particularly described on Exhibit A attached hereto and incorporated herein for all purposes; and (ii) all liens, security interests, deposits and letters of credit and other matters pledged to secure the obligations or performance of any party under such contracts or agreements of Seller (collectively referred to herein as the "Contracts "). (c) Property. All land and interests therein, including without limitation plant sites, easements and rights -of -way owned or held by Seller for the installation, use and maintenance of, or otherwise associated with the Facilities, all of which land and interests therein are more particularly described on Exhibit A attached hereto and incorporated herein by reference for all purposes, together with all and singular the rights, privileges, and appurtenances pertaining to said land and interests therein, including any right, title, and interest of Seller in and to adjacent streets, alleys, or rights -of -way, together with any improvements, fixtures, and personal property of Seller situated on and attached to said land and interests therein (collectively referred to herein as the "Property"). The Facilities, Contracts, and Property are collectively referred to herein as the "Regional System Assets ". Section 1.2. Purchase Price and Payment. (a) The Purchase Price (herein so called) for the Regional System Assets shall be Fourteen Million Nine Hundred Fifteen Thousand Six Hundred Forty-Five and No /100 Dollars ($14,915,645) or such other amount as may result from any adjustment to the price as provided in Section 1.2(b) below payable in case on the Closing Date. (b) (i) The Purchase Price shall be adjusted by the amount of any capital related costs expended by Round Rock after the Effective Date to improve the Regional System Assets provided such expenditures result from a need to improve the Regional System Assets to comply with applicable regulatory requirements for which the Regional System Assets were not originally designed but which are now imposed upon the Regional System Assets by a regulatory authority (but not including ordinary maintenance or repairs). It is specifically provided, however, that before making any such expenditures Seller shall provide Buyer with written notice of the required expenditure, including the reason for the expenditure, plans and specifications for the improvement, -2- a preliminary cost estimate and such other information as may be appropriate to assist Buyer in understanding the need for and the nature of the expenditure and improvement. After receipt of such notice, Buyer shall have thirty (30) days to review, comment upon and approve the expenditure and improvement, which review, comment and approval shall not be unreasonably withheld or delayed. Thereafter, Seller, in cooperation with Buyer, shall cause such improvement to be made and any expenses incurred by Seller in connection therewith prior to the Closing Date shall be added to the Purchase Price pursuant to Section 1.2(a) above. At or before Closing, Seller shall provide Buyer adequate proof of such expenditures, and any resulting improvements shall be considered part of the Regional System Assets. (ii) The parties further agree that the Purchase Price set forth in Section 1.2 (a) above was determined by Round Rock using the net book value of the Regional System Assets, said net book value consisting of original cost of the assets less accumulated depreciation using generally accepted accounting principles, for all of the Regional System Assets except the treatment plant sites for the Round Rock East and West Plants which were valued at comparable market value at the time this Agreement is being executed. The parties agree that during the Review Period, they will review the Purchase Price determined utilizing these principles and make appropriate adjustments to the Purchase Price, either upwards or downwards, to reflect a more appropriate Purchase Price based on these principles if further investigation warrants such changes. The parties agree to cooperate in good faith in making any such adjustments. Section 1.3. Earnest Money. Upon the execution of this Agreement by all parties hereto, Buyer shall deliver its check in the amount of Ten Thousand and No /100 Dollars ($10,000.00) (hereinafter called the "Earnest Money ") to Georgetown Title Company of Austin, Texas ( "Title Company "). In the event this Agreement is closed, the Earnest Money shall be credited to the Purchase Price. In the event this Agreement is not closed, then the Earnest Money shall be disbursed in accordance with the terms of this Agreement. Section 1.4. Independent Consideration. Contemporaneously with the execution of this Agreement, Buyer hereby delivers to Seller and Seller hereby acknowledges the receipt of a check in the amount of One Hundred and No /100 Dollars ($100.00)( "Independent Contract Consideration "), which amount the parties bargained for and agreed to as consideration for the Seller's grant to Buyer of Buyer's exclusive right to purchase the Regional System Assets pursuant to the terms hereof and for Seller's execution, delivery and performance of this Agreement. This Independent Contract Consideration is in addition to and independent of any other consideration or payment provided in this Agreement, is nonrefundable under any circumstances, shall not be credited to the Purchase Price and shall be retained by Seller notwithstanding any other provisions of this Agreement. Section 1.5. Other Assets to be Conveyed to Buyer. Contemporaneously with entering into this Agreement, Buyer and Seller have also entered into that certain "Wastewater Disposal Contract" together with the BRA and the "Supplemental Agreement" thereto (collectively, the "Wastewater Disposal Contract "). Seller has also previously entered into that certain "Agreement for Termination of Brushy Creek Regional Wastewater Disposal Agreement" dated -3- September 19, 1994, among Seller, the City of Austin and Brushy Creek WCID No. 1, as amended by the first amendment thereto among said same parties dated September 18, 1995 and the second amendment dated March 19, 1996 (collectively, the "Termination Agreement "). Seller agrees to diligently pursue implementation of the Termination Agreement. As Seller acquires "Regional System Assets" as that term is defined in the Wastewater Disposal Contract, it shall sell the same to Buyer at a price equal to the original cost thereof less depreciation under terms substantially the same as in this Agreement except that closing on such sale shall be as soon as reasonably possible after implementation of the Termination Agreement. ARTICLE II TITLE MATTERS Section 2.1. Title Commitment Review. Within fifteen (15) days from the Effective Date, the Seller, at the Buyer's sole cost and expense, shall furnish to the Buyer and Buyer's counsel a current commitment (hereinafter called the "Title Commitment") for the issuance of an Owner's Policy of Title Insurance to the Buyer from the Title Company, insuring the Property and such portions of the Regional System Assets as may be real property or interests therein (collectively, the "Insured Property ") for an amount equal to the portion of the Purchase Price related to the Insured Property together with good legible copies of all documents constituting exceptions to Seller's title as reflected in the Title Commitment. Buyer shall have until thirty (30) days after receipt of the Title Commitment to review the Title Commitment and to deliver to Seller in writing such objections as Buyer may have to anything contained or set forth in the Title Commitment. Any items to which Buyer does not object by the end of said thirty (30) days shall be deemed to be "Permitted Exceptions" (herein so called). As to items to which Buyer makes objections, Seller shall have an obligation to cooperate with Buyer to effectuate the cure of such objections. In the event such matters are not cured prior to the earlier of July 1, 1996, or Closing, Buyer shall have the right to either (1) terminate this Agreement, in which event Buyer shall receive a full refund of the Earnest Money and neither party hereto shall owe any further obligations one to the other hereunder, or (2) waive such title matters and proceed to Closing, whereupon such waived title matters shall also be deemed "Permitted Exceptions." Section 2.2. Title Policy. As soon as reasonably practical after Closing, the Seller shall furnish the Buyer, at the Seller's sole cost and expense, with an Owner's Policy of Title Insurance issued by the Title Company on the standard form in use in the State of Texas, insuring good and indefeasible title to the Insured Property in the Buyer, subject only to the Permitted Exceptions and the standard printed exceptions, except at Buyer's sole cost and expense, the exception relating to discrepancies, conflicts or shortages in area or boundary lines, or any encroachments or protrusions or any overlapping of improvements shall be modified to delete such exception, except as to "shortages in area ". All exceptions, conditions or requirements described in Schedule C of the Title Commitment shall be released and /or satisfied prior to or at Closing and such items and requirements shall not be exceptions to the Owner's Policy of Title Insurance to be provided by Seller. -4- ARTICLE III REVIEW ITEMS Section 3.1. Review Items. Within five (5) working days after the Effective Date, Seller shall make available for reasonable inspection and copying (at Buyer's expense) by Buyer during normal working hours in Round Rock, Texas, the following (the "Review Items "): (a) To the extent same are reasonably available to or in Seller's possession, copies of all non - attorney client privileged books, records, operating reports, trade account reports, accounts payable and receivable lists, vendor contracts, management agreements, maintenance records, purchase or sale contracts, deeds, easements, licenses, permits, certificates, soil reports, and engineering reports (including, without limitation, endangered species, environmental and governmental inspection reports of Seller related to the ownership or operation of the Regional System Assets relating to or in respect of the physical condition or operation of Regional System Assets; and (b) To the extent same are reasonably available to or in Seller's possession, a list of all insurance policies covering or affecting the Regional System Assets, both casualty and liability, together with copies of such policies. ARTICLE IV REVIEW PERIOD Section 4.1. Feasibility Review. During the period beginning on the Effective Date and continuing until the thirtieth (30th) day following the Effective Date (the "Review Period "), Buyer shall have the right during normal business hours and upon reasonable prior notice to Seller, to conduct any and all reviews, investigations or examinations of the Review Items and the Regional System Assets which Buyer determines necessary in Buyer's sole and absolute discretion; provided such reviews, investigations and examinations shall not unreasonably interfere with Seller's operation of the Regional System Assets. Buyer shall be obligated to restore the Regional System Assets or any item related thereto substantially to its prior condition to the extent Buyer's review, investigation or examination changed same and this obligation shall survive any termination of this Agreement. Seller may, at Seller's option, accompany Buyer during any such inspections. Notwithstanding any provisions herein or elsewhere to the contrary, Buyer, for any reason or no reason whatsoever, shall be entitled to terminate this Agreement by delivering written notice of termination to Seller on or before the expiration of the Review Period in which event this Agreement shall terminate, the Earnest Money, if any, shall be returned to Buyer and neither party shall have any further rights or obligations under this Agreement. The failure of Buyer to deliver written notice of termination to Seller shall be deemed an acceptance of the Regional System Assets and Review Items and a waiver of any termination rights under this Section 4.1. -5- ARTICLE V REPRESENTATIONS AND COVENANTS Section 5.1. Representations and Warranties of Buyer. Buyer represents and warrants to Seller that the following are true, accurate and complete as of the Effective Date: each of the persons executing this Agreement on behalf of Buyer is duly authorized to do so; Buyer has full right and authority to enter into this Agreement and to consummate the transaction described in this Agreement; this Agreement constitutes the valid and legally binding obligations of Buyer and is enforceable against Buyer in accordance with its terms; and neither the execution or delivery of this Agreement nor the performance of Buyer's obligations under this Agreement violates, or will violate, any contract or agreement to which Buyer is a party or by which Buyer is otherwise bound. Section 5.2. Seller's Representations and Warranties. Seller represents and warrants to Buyer that the following are true, accurate and complete, as of the Effective Date: each of the persons executing this Agreement on behalf of Seller is duly authorized to do so; Seller has full right and authority to enter this Agreement and to consummate the transaction described in this Agreement; this Agreement constitutes the valid and legally binding obligation of Seller, and is enforceable against Seller in accordance with its terms, subject to applicable law; and neither the execution or delivery of this Agreement nor the performance of Buyer's obligations under this Agreement violates, or will violate, any contract or agreement to which Buyer is a party or by which Buyer is otherwise bound. Section 5.3. Covenants. In addition to Seller's and Buyer's other agreements and undertakings hereunder, Seller and Buyer hereby covenant and agree with each other that: (a) Notices Received. Seller, at its sole cost and expense, will promptly deliver to the Buyer copies of any written notices or promptly inform Buyer of any other notices received or of which Seller gains actual knowledge and possession alleging the occurrence of any default or alleged default under any of the Contracts, or any violation or alleged violation of any law, regulation, order or other requirement of any governmental authority having jurisdiction over the Regional System Assets. (b) Operation. Seller, at its sole cost and expense, shall continue to operate, manage and maintain the Regional System Assets in substantially the same manner that Seller has heretofore operated, managed and maintained and operated the Regional System Assets through Closing. Should Seller desire to change the operation, management or maintenance of the Regional System Assets in some extraordinary way including but not limited to incurring any additional debt or contractual obligations for which Buyer would be liable, terminating or amending any Contract, or entering into any additional service or sale contract, Seller shall notify Buyer in writing in advance and obtain Buyer's approval thereof in writing before taking such action or entering into such agreement, which approval shall not be unreasonably withheld or delayed. (c) Liens, Claims, Encumbrances and Agreements. Except as otherwise disclosed to Buyer in the Permitted Exceptions or in Exhibit B hereto, no portion of the -6- Regional System Assets shall be subject at the Closing to any liens, claims or encumbrances or any agreements, including any management agreement or understanding respecting the Regional System Assets, so that Buyer shall receive all of the Regional System Assets free and clear of any such liens, claims or encumbrances or any agreements, including any management agreement(s). (d) Notice to Texas Natural Resource Conservation Commission. Buyer, at Buyer's sole cost and expense, shall deliver to the Texas Natural Resource Conservation Commission (the "TNRCC ") all required notices, if any, with respect to the change in ownership of the Regional System Assets and the transfer of deposits and obtain any approval, if required, of same. Seller shall have the right to review any filings made with the TNRCC prior to the filing of same and Seller shall otherwise cooperate and assist Buyer to the extent reasonably necessary in obtaining such approvals. Section 5.4. Closing Updates. (a) At Closing, Seller shall provide to Buyer a Seller Closing Certificate (so called herein) which shall certify, represent and warrant to Buyer, as of the date of Closing that (i) each and every of the covenants contained in Section 5.3(a), (b), and (c) of this Agreement has been fully satisfied, and (ii) each and every of the representations and warranties contained in Sections 5.2 and 7.5 of this Agreement are and continue to be true and correct on the date of Closing, provided, should an event occurring during the pendency of this Agreement make any of such representations and warranties not correct on the date of Closing, such non - compliance shall be indicated and described on the Seller Closing Certificate. The obligation of the Buyer to close this transaction is expressly conditioned upon the representations and warranties contained in Sections 5.2 and 7.5 hereof being true and correct on the date of Closing and the covenants contained in Section 5.3(a), (b) and (c) hereof being fully satisfied on the date of Closing. (b) At Closing, Buyer shall provide to Seller a Buyer Closing Certificate (so called herein) which shall certify, represent and warrant to Seller, as of the date of Closing that (i) each and every of the covenants contained in Section 5.3(d) of this Agreement has been fully satisfied and (ii) each and every of the representations and warranties contained in Section 5.1 of this Agreement are and continue to be true and correct on the date of Closing, provided, should an event occurring during the pendency of this Agreement make any of such representations and warranties not correct on the date of Closing, such non - compliance shall be indicated and described on the Buyer Closing Certificate. The obligation of the Seller to close this transaction is expressly conditioned upon the representations and warranties contained on Section 5.1 hereof being true and correct on the date of Closing and the covenants in Section 5.3(d) being fully satisfied on the date of Closing. -7- ARTICLE VI CASUALTY PRIOR TO CLOSING Section 6.1. Casualty. In the event the Acquired Regional System Assets or any of them should be damaged by any casualty prior to Closing, and the cost of repairing such damage, as estimated by an engineer, architect or contractor retained by the Buyer and mutually agreeable to Buyer and Seller, is: (a) less than or equal to TEN THOUSAND AND NO /100 DOLLARS ($10,000.00), then the Seller shall, at Seller's sole cost and expense, repair such damage as promptly as is reasonably possible, restoring the damaged property at least to its condition immediately prior to such damage; and in such event, the Buyer may elect to defer Closing until such repair is made, or the Buyer may elect to close and have the Title Company temporarily withhold from Seller One Hundred Fifty Percent (150 %) of the funds necessary to make such repairs until the Seller has repaired such damage pursuant to the provisions hereof; or if said cost is (b) more than TEN THOUSAND AND NO /100 DOLLARS ($10,000.00), then the Buyer may elect to terminate this Contract whereupon Buyer shall be provided a full refund of the Earnest Money. If the Buyer does not so elect to terminate this Contract, then the Closing shall occur as scheduled, whereupon the Seller shall pay to the Buyer, at Closing, any funds actually received in replacement of the damaged property by Seller as insurance proceeds relating to such casualty, and the sale shall be closed without the Seller repairing any such damage. ARTICLE VII CLOSING Section 7.1. Time and Place of Closing. The Closing Date shall be (i) July 25, 1996, or (ii) such other date as may be agreed to in writing between the parties or as provided in Section 7.2 below. The Closing of the transaction contemplated by this Agreement (the "Closing ") shall be held at 10 a.m., local time on the Closing Date, at the offices of the Title Company in Round Rock, Texas, or at such other date, time and place as may be mutually agreed upon in writing by the parties. All matters to take place at the Closing shall take place simultaneously, and no delivery shall be considered to have been made until all such proceedings have been completed. Section 7.2. Conditions to Closing. Notwithstanding anything in this Agreement to the contrary, it is specifically agreed that neither Seller nor Buyer shall be under any obligation to close the transaction(s), or any portion thereof, contemplated by this Agreement, until (i) Seller has been able to issue, sell, deliver and receive payment for its bonds or other debt obligations in an amount sufficient to provide Seller with the funds necessary to pay the Purchase Price, and (ii) all required notices or governmental approvals, if any, including, without limitation, any notification to or consent by TNRCC, have been given or obtained. If either or both of these conditions have not occurred by the Closing Date, the Closing Date shall be extended for a reasonable period of time in order to allow the unresolved condition to be satisfied, provided in -8- no event shall the Closing Date be extended beyond September 30, 1996, unless the required approval is still pending without resolution but is being pursued in good faith by Buyer and there is a reasonable likelihood of receiving such consent or approval, in which event the Closing Date shall continue to be extended periodically for reasonable periods of time to allow such consent or approval to be obtained. Section 7.3. Seller Delivery. At the Closing, Seller shall deliver or cause to be delivered to Buyer, at Seller's sole cost and expense, each of the following items: (a) A deed with general warranty duly executed and acknowledged by Seller, and in form for recording, conveying good and indefeasible title in the Insured Property to Buyer subject only to Permitted Exceptions (collectively, the "Deed "). (b) A Bill of Sale and Assignment ( "Assignment ") duly executed and acknowledged by Buyer and Seller, transferring and assigning to Buyer without warranty or recourse the Facilities and the Contracts and providing for Buyer's assumption of all of Seller's obligations and liabilities under or related to the Facilities or the Contracts. The Assignment shall contain as exhibits recertified and updated lists of the Facilities and Contracts. The Assignment shall further include Seller's covenant to reasonably cooperate with Buyer to secure performance by any warrantor or contractor for any work which the Buyer believes should be performed by any warrantor or contractor pursuant to any assigned guaranties or warranties. (c) An affidavit in the form acceptable to Title Company from Seller pursuant to Section 1445 of the Internal Revenue Code and /or applicable regulations relating thereto stating (a) that Seller is not a foreign person, (b) the Seller's name, U.S. taxpayer identification number and address (home address for individuals, office address for entities), and (c) such other information as may be required by Section 1445 of the Code or the Regulations thereunder. An executed counterpart of this affidavit may be furnished to the Internal Revenue Service at or following Closing. (d) The Seller Closing Certificate in form specified in Section 5.4(a) duly executed and acknowledged by Seller. (e) A secretary's certificate and corporate resolution indicating that Seller has all requisite power and authority to own and convey the Regional System Assets, that all requisite corporate consents and approvals have been obtained and that the person executing the documents in furtherance of this Agreement has all requisite authority to do so. (f) An updated Title Commitment revised to show only the Permitted Exceptions in the form specified in Section 2.1 hereof and evidence of the deposit with the Title Company of the applicable premium for the Owner Policy. -9- (g) An affidavit(s) as to debts and liens in the form customarily used by the Title Company, addressed to each of Buyer and the Title Company, and executed by Seller, if applicable. (h) Any other additional documents and instruments as in the mutual opinion of Buyer's counsel and Seller's counsel are reasonably necessary to the proper consummation of this transaction. (i) All combinations to all locks related to the Regional System Assets. (j) To the extent reasonably available, the originals of all matters agreed to be transferred to Buyer at Closing, unless otherwise noted, pursuant to Section 1.1(a) and (b) of this Agreement. Section 7.5. Seller's Additional Representations and Warranties. By the execution of this Agreement and again by execution of any instruments of conveyance, transfer or assignment at Closing, Seller, except to the extent specifically set forth in Schedule 4 of Exhibit A attached hereto, represents and warrants that, to the best of Seller's knowledge, there are no defects, impairments, impediments, defaults, breaches, encumbrances or other similar problems with respect to (i) the quality, layout or physical condition or state of repair of the Regional System Assets, (ii) the location of the Regional System Assets in any flood plain, flood way or special flood hazard area, (iii) the presence of any geological fault or unsatisfactory soil condition, (iv) the availability of utilities, including water, wastewater, electricity, natural gas, telephone and cable television, to or on the Regional System Assets, (v) access of the Regional System Assets to a public road, (vi) the income, expenses, suitability or safety of the Regional System Assets for any and all activities and uses which Buyer may conduct thereon, including Buyer's continuation of the current use and activity, (vii) compliance by Seller and /or other parties in relation to the Regional System Assets with any laws, rules, ordinances, or regulations of any applicable governmental authority, including zoning and other land use regulations, or (viii) the habitability, merchantability, marketability, suitability or fitness of the Regional System Assets for a particular purpose, and (ix) Seller's compliance with any environmental protection, pollution or related land use laws, rules, regulations, orders or requirements, including, but not limited to, those pertaining to the use, handling, generating, treating, storing or disposing of any hazardous waste, hazardous substances, petroleum product storage tanks or asbestos, those pertaining to public drinking water systems or utilities and those pertaining to protection of endangered or threatened species. The provisions contained in this paragraph shall be contained in any instruments of conveyance, transfer or assignment at Closing, and shall survive delivery of this Agreement and delivery of any instruments of conveyance, transfer or assignment at Closing. items: Section 7.6. Buyer Delivery. At the Closing, Buyer shall deliver to Seller the following (a) Buyer's Closing Certificate pursuant to Section 5.4(b) of this Agreement. -10- (b) A corporate resolution indicating the Buyer has all requisite power and authority to own and/or lease the Regional System Assets, that all requisite corporate consents and approvals have been obtained and that the person executing the documents in furtherance of this Agreement has all requisite authority to do so. hereof. (c) The Purchase Price in the amount and manner specified in Section 1.2 (d) Such evidence or documents as may reasonably be required by the Seller or the Title Company evidencing the capacity of Buyer to close the transaction and the authority of the person or persons who are executing the various documents on behalf of the Buyer in connection with the sale of the Regional System Assets. (e) Buyer shall also execute the Deed and, as appropriate, the assignment of any Contracts. (t) Any other additional documents or instruments as in the mutual opinion of Buyer's counsel and Seller's counsel are reasonably necessary to the proper consummation of this transaction. Section 7.7. Adjustments and Prorations. At Closing, the following items shall be adjusted or prorated between Seller and Buyer: (a) Seller shall pay to Buyer, in cash at Closing, the amount of any sums, if any, prepaid by third parties to Seller and held by Seller pursuant to the provisions of any of the Contracts and Buyer assumes all liabilities and obligations for such amounts and will execute and deliver notices of transfer and assumption of security deposit to all such third parties. Buyer shall pay Seller, in cash at Closing, the amount of any sums, if any, prepaid by Seller to third parties pursuant to the provisions of any of the Contracts. (b) If any adjustments pursuant to this Section 7.7 are, subsequent to Closing, found to be erroneous, then either party hereto who is entitled to additional monies shall invoice the other party for such additional amounts as may be owing, and such amount shall be paid within ten (10) days from receipt of the invoice. This covenant shall not merge with the instruments of conveyance, transfer or assignment to be delivered hereunder but shall survive the Closing. Section 7.8. Possession. Possession of the Regional System Assets shall be delivered to Buyer by Seller at the Closing. Section 7.9. Reporting Person. Each of Seller and Buyer hereby designates the Title Company as the "Reporting Person" as such term is utilized in Section 6045 of the Code and regulations thereunder. Seller agrees to provide the Title Company with such information as may be required for the Title Company to file a Form 1099 or other required form relative to the Closing with the Internal Revenue Service. A copy of the filed Form 1099 or other filed form shall be provided to Seller and Buyer simultaneously with its being provided to the Internal Revenue Service. Section 7.10. Costs and Expenses. All costs and expenses in connection with the transaction contemplated by this Agreement shall, except as otherwise expressly provided herein, be borne by Seller and Buyer in the manner in which such costs and expenses are customarily allocated between the parties at closings of the purchase or sale of real property in the Austin, Texas area. ARTICLE VIII REMEDIES Section 8.1. Buyer's Remedies. Notwithstanding any provision of this Agreement to the contrary, in the event Seller fails or refuses to timely comply with Seller's obligations hereunder or at Closing, any of Seller's representations, warranties or covenants contained herein is not true or has been breached or Seller enters into any contracts prior to the Closing Date to which Buyer timely objects, Buyer shall have the following remedies as Buyer's sole and exclusive remedies: (i) to enforce this Agreement by specific performance, mandamus or similar remedy, (ii) to terminate this Agreement by giving Seller written notice of such election prior to or at Closing and thereupon this Agreement shall terminate and Seller and Buyer shall be relieved and released of all obligations and claims and liabilities hereunder and Buyer shall receive a full and prompt refund of the Earnest Money; or (iii) to waive prior to or at Closing as applicable, the applicable objection or condition and proceed to close the transaction contemplated hereby in accordance with the remaining terms hereof. Section 8.2. Seller's Remedies. Notwithstanding any provision of this Agreement to the contrary, in the event Buyer fails or refuses to timely comply with Buyer's obligations hereunder or is unable to do so as a result of Buyer's acts or failure to act, Seller may terminate this Agreement and as Seller's sole remedy retain the Earnest Money as liquidated damages and not a penalty in full satisfaction of Seller's claims against Buyer. Seller and Buyer agree that it is difficult to determine the actual amount of Seller's damages arising out of Buyer's breach, but the amount of liquidated damages is a fair estimate of those damages and has been agreed to by the parties in a sincere effort to make the damages certain. ARTICLE IX GENERAL PROVISIONS Section 9.1. Notices. All notices and other communications hereunder shall be in writing and shall be delivered by hand delivery, expedited courier delivery or mailed (if mailed, by registered or certified mail, return receipt requested, postage prepaid) addressed as follows, and shall be effective upon actual delivery if delivered by hand or by expedited courier delivery or, if mailed, three days after deposit in the United States mail: -12- (a) If to Buyer, to: Joseph J. Beal, P.E. Manager, Water & Hydroelectric Company LCRA P. O. Box 220 Austin, Texas 78767 -0220 (512) 473 -3586 Fax: (512) 473 -3551 With a copy to: Ronald J. Freeman Law Offices of Ronald J. Freeman 301 Congress Avenue, Suite 1400 Austin, Texas 78701 Fax: (512) 469 -9015 (b) If to Seller, to: Bob Bennett City Manager City of Round Rock 221 East Main Round Rock, TX 78664 Phone: (512) 255 -3612 Fax: (512) 218 -7097 With a copy to: Stephan Sheets Sheets & Crossfield 309 E. Main Round Rock, TX 78664 Phone: (512) 255 -8877 Fax: (512) 255 -8986 Any party may change its address for receiving notice by giving notice of a new address in the manner herein provided; however, if mailed, notice of such new address will be effective only upon actual receipt by the other party. Section 9.2. Headings. Descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement. -13- Section 9.3. Assignment. Assignments of this Agreement by the parties are prohibited without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. This Agreement shall be binding upon and inure to the benefit of the parties thereto, their successors and assigns. Section 9.4. Goveming Law and Forum. THIS AGREEMENT SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF TEXAS AND THE OBLIGATIONS OF THE PARTIES HERETO ARE AND SHALL BE PERFORMABLE IN THE COUNTY WHEREIN THE PROPERTY IS LOCATED. BY EXECUTING THIS AGREEMENT, EACH PARTY HERETO EXPRESSLY (a) CONSENTS AND SUBMITS TO PERSONAL JURISDICTION AND VENUE CONSISTENT WITH THE PREVIOUS SENTENCE, (b) WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL CLAIMS AND DEFENSES THAT SUCH JURISDICTION AND VENUE ARE NOT PROPER OR CONVENIENT, AND (c) CONSENTS TO THE SERVICE OF PROCESS IN ANY MANNER AUTHORIZED BY TEXAS LAW. Section 9.5. No Oral Modification. This Agreement may not be modified or amended, except by an agreement in writing signed by both the Seller and the Buyer. Section 9.6. No Oral Waiver. The parties may waive any of the conditions contained herein or any of the obligations of the other party hereunder, but any such waiver shall be effective only if in writing and signed by the party waiving such conditions or obligations. Section 9.7. Time of Essence. Time is of the essence of this Agreement. Section 9.8. Total Agreement. This Agreement, including the Exhibits hereto, constitutes the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings of the parties in connection therewith. No representation, warranty, covenant, agreement or condition not expressed in this Agreement shall be binding upon the parties hereto or shall affect or be effective to interpret, change or restrict the provisions of this Agreement. Section 9.09. Partial Invalidity. If any clause or provision of this Agreement is or should ever be held to be illegal, invalid, or unenforceable under any present or future law applicable to the terms hereof, then and in that event, it is the intention of the parties hereto that the remainder of this Agreement shall not be affected thereby, and that in lieu of each such clause or provision of this Agreement that is illegal, invalid, or unenforceable, there be added as part of this Agreement a clause or provision as similar in terms to such illegal, invalid, or unenforceable clause or provision as may be possible and be legal, valid, and enforceable such that the intention of the parties is effected as closely as is possible. Section 9.10. Counterpart Execution. To facilitate execution, this Agreement may be executed in as many counterparts as may be convenient or required. It shall not be necessary that the signature of all persons required to bind any party, appear on each counterpart. All counterparts shall collectively constitute a single instrument. It shall not be necessary in making -14- proof of this Agreement to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, each of the parties hereto. Section 9.11. Holidays. In the event that the date upon which any duties or obligations hereunder to be performed shall occur upon a Saturday, Sunday or legal holiday, then, in such event, the due date for performance of any duty or obligation shall thereupon be automatically extended to the next succeeding business day. Section 9.12. Effective Date. The Effective Date of this Agreement shall be the date set forth on the first page hereof. IN WITNESS WHEREOF, each party hereto has signed this Agreement or caused this Agreement to be signed in its corporate name by its officer thereunto duly authorized, all as of the date first above written. BUYER: LOWER COLORADO RIVER AUTHORITY SELLER: CITY OF ROUND ROCK, TEXAS Name: Name: C les C per- Title: lYl a h D r- -15- Exhibits Attached Hereto: Exhibit A - Regional System Assets Schedule 1 - Facilities Schedule 2 - Contracts Schedule 3 - Property Exhibit B - Other Encumbrances on Regional System Assets purch•agt -16- EXHIBIT A ROUND ROCK REGIONAL SYSTEM ASSETS Attached Exhibit B is intended to be a general description of the Round Rock Regional System Assets. During the Review Period, the parties will continue to revise and update this Exhibit B and prepare and update Schedules 1 -4 to be attached hereto. • CITY.OF• ROCK SUMMARY /RECONCILIATION OF ASSET LIST 06/27/96 AMOUNTS PER DETAIL ASSET LIST INVESTMENT IN REGIONAL SEWER JOINT VENTURE RECONCILIATION OF LAND VALUES — REMOVE BOOK VALUES -PLANT SITES ADD MARKET VALUES— WEST PLANT SITE EAST PLANT SITE REVISED TOTAL ACQUIRED VALUE $9,648,341 SEE NOTE (306,892) 160,000 557.000 $10.05$.449 ACCUMULATED DEPRECIATION ($2,387,982) 0 0 0 (S2 387 9821 NET BOOK VALUE $7,260,359 (306,892) 160,000 557 000 $7 670 467 NOTE: Settlement of the investment in the regional sewer joint venture of $1,223,546 will follow. RPT00001.RM1 UPA Comm Asset Description Maj. Current Dept Accumulated Eat Acquired User Pie Type Expense O/1 Purchase D Dept Clo. 10/94 -09/95 Depreciation Life Value Id 7 920403 STENO CHAIR - HOP90OT 09 20610006110 09/30/92 61000 4 27.60 96.60 0500 138.00 sewer 920404 0TEN0 CHAIR - HOPSCOT 20610006110 09/30/92 61000 4 27.60 96.60 0500 138.00 sewer 920405 TASK CHAIR - HOP000TC 20610006110 09/30/92 61000 4 46.80 163.80 0500 234.00 newer 920406 SIDE CHAIR - H0000010 20610006110 09/30/92 61000 4 22.80 79.00 0500 114.00 sower 920407 SIDE CHAIR - HOPSCOTC 20610006110 09/30/92 61000 4 21.40 74.90 0500 107.00 sewer 920408 SIDE CHAIR - HOPSCOTC 20610006110 09/30/92 61000 4 21.40 74.90 0500 107.00 0e1e0 920409 SIDE CHAIR - HOPBCOTC 20610006110 09/30/92 61000 4 21.40 74.90 0500 107.00 sewer 920410 SIDE CHAIR - HOPSCOTC 20610006110 09/30/92 61000 4 21.40 74.90 0500 107.00 sewer 920411 BIDE CHAIR - HOPSCOTC 20610006110 09/30/92 61000 4 21.40 74.90 0500 107.00 newer 920412 0E00-0E1AL (HON) 20610006110 09/30/92 61000 4 44.30 378.00 0500 370.00 sewer 930435 DESK (WALNUT) 66100 20610006110 04/20/93 61000 4 75.00 107.50 0500 375.00 sewer 920402 STENO CHAIR - HOPSCOT 20610006110 09/29/92 61000 4 29.00 100.80 0500 144.00 sewer 1708 DE0K,L W /RETURN 10176110 07/26/85 81000 4 0.00 397.20 0500 397.20 newer 2520 ABRIALB,PRARE0 20106110 01/10/00 81000 4 0.00 817.30 0500 817.30 sewer 910281 WALNUT 48" ROUND TABL 20010006110 11/09/90 81000 4 14.60 71.40 1500 219.00 newer 910282 WALNUT BOOKCASE 72" 20010006110 05/09/91 01000 4 14.20 63.90 1500 213.00 sewer 910283 WALNUT SECRETARY DESK 20810006110 05/09/91 01000 4 38.33 172.50 1500 575.00 newer 910284 0LUE WALNUT SNIVEL CH 20010006110 05/09/91 01000 4 11.93 53.69 1500 179.00 rawer 930502 R0PRINERATO0, ADMIRAL 20640005375 04/02/93 64000 4 86.00 215.00 0500 430.00 flower 940497 R9PRIOERATOR /PR002ER 20610106112 09/01/94 61010 4 90.95 136.43 1000 909.49 newer 09 0623 PLANT IMPROVEMENTS 11 20115342 07/31/84 61000 2 0.00 4152.50 0500 4152.50 sewer 11 0.00 4152.50 4152.50 930466 ECHO TRIMMER 13 20610006112 06/28/93 61000 4 CORR -- UTILITY 0000 ASSETS DATE. 06/27/1996 UTILITY FUND ASSETS PAG0M 1 635.99 3405.02 5795.99 63.78 159.45 0500 318.90 sewer RPT00001.RM1 CORK -- UTILITY FUND ASSETS IJPA UTILITY PUNO A990T8 comany Aoeet Description Maj. Current Depr Accumulated Bet Acquired Type 8xpenoe 0/L Purche0e 0 Dept Cla. 10/94 -09/95 Depreciation Life Value 13 910264 80NIC PLUMB 15 20630006112 09/26/91 63000 4 920444 SUBMERSIBLE PUMP 20610006112 11/22/91 61000 4 920445 ALLIS CHALMERS 2000 W 20610006112 02/14/92 61000 4 940447 80 MMP ELEMENT- ROTATI 20620006112 04/21/94 62000 4 15 930409 ELECTRICAL 00661108 ( 16 20640006112 02/24/93 64000 4 951061 115 20" MPR BELT 08208 20610106112 10/26/94 61010 0 951062 3 PELT PILTBR ELEMENT 20610106112 10/20/94 61010 0 951060 3 PELT PILTBR ELEMENT 20610006112 10/20/94 61000 0 951059 115 20" MPR BELT PANS 20610006112 10/26/94 61000 0 16 910245 2 HEATER BLANKETS FOR 20 20610006112 12/20/90 61000 4 910248 CYLINDER SCALE 20610006112 09/30/91 61000 4 910253 WATER COOLER 20610006112 08 /01/91 61000 4 910254 34 BUTTON TELEPHONE S 20610006112 09/26/91 61000 4 910259 6 L0000E08. 1 EA 800101 20620006112 03/28/91 62000 4 920447 BUILDING MATERIALS 20610006112 09/30/92 61000 4 63.78 159.45 635,96 2061.82 0500 224.70 090.80 0500 159.60 638.40 0500 900.00 1350.00 0500 1920.26 5749.02 20 1902.83 0690.97 DATE: 06/27/1996 PAGES 2 318.90 User Pie 14 7 3179.79 Bower 1123.50 sewer 797.99 sewer 4500.00 sower 9601.28 451.66 1129.15 0500 2250.32 0e0e6 313.28 313.28 0500 3132.81 0e0e6 24.89 24.09 0500 248.88 sewer 24.89 24.89 0500 240.88 Bower 313.28 313.20 0500 3132.81 0ewer 1128.00 1805.49 9021.70 958.00 4577.40 0500 4790.00 0e8e6 459.13 2066.09 0500 2295.65 e0806 84.91 382.09 0500 424.53 eerier 74.50 335.25 0500 372.50 sewer 49.03 221.10 1500 735.40 0e0e6 277.26 1109.04 0500 1386.31 aewet 10004.39 RPT00001,RN1 CORR -- UTILITY PUND A998T0 DATE, 06/27/1996 UFA UTILITY PUNO 198810 PA02, 3 Comany Maj. Current Depr Accumulated Bet Acquired User Pie Asset Description Type expense O/L Purchase D Dept Cle. 10/94 -09/95 Depreciation Life Value 1d 7 2122 SLUDGE DISPOSAL EQUIP 23 37136101 09/30/05 61000 4 4662.38 48954.99 4000 186495.00 sewer 2357 MOTOR, 1500', HORIZONT 20146112 07/15/87 61000 4 0.00 524.38 0500 524.38 8e001' 2358 MOTOR, 250P, H001100T 20146112 07/15/87 61000 4 0.00 345.25 0500 345.25 sewer 2360 HOIST, ELECTRIC & RBH 20146112 07/22/87 61000 4 0.00 1800.55 0500 1000.55 sewer 2361 ROOTS SLONOR 20146112 00/13/87 61000 4 0.00 2544.21 0500 2544.21 sewer 2362 WEIGHT HST, CLASS 8 20146112 08/31/07 61000 4 0.00 334.00 0500 334.00 sewer 2511 VACUUM REGULATOR 20146112 05/31/08 61000 4 0.00 815.00 0500 815.00 0e0e1' 2512 CHLORINATOR 20146112 05/31/08 61000 4 0.00 1195.00 0500 1195.00 'mar 2513 CHLORINE SCALE 20146112 05/31/88 61000 4 0.00 2195.00 0500 2195.00 sewer 2524 PUMP,8TA -RITE, 1/2 HP 20146112 07/18/88 61000 4 0.00 385.00 0500 385.00 sewer 2702 PH METER 20146112 03/22/89 61000 4 0.00 471.78 0500 471.70 sewer 2704 AMMONIA 6100T500E 20146112 08/31/89 61000 4 0.00 310.25 0500 310.25 sewer 2708 VACUUM REGULATOR 20146112 04/28/89 61000 4 0.00 700.00 0500 700.00 sewer 2709 CHLORINB BCALH 20146112 04/28/89 61000 4 0.00 2225.00 0500 2225.00 sewer 940512 PLANT WASH DOWN 81019 20610106112 09/30/94 61010 4 164.68 247.02 0500 823.40 sewer 951123 MODAL 57 89108,155099 20610006112 09/30/95 61000 4 91.34 91.34 0700 1278.73 newer 951124 8000L 57 00109.59088 20610106112 09/30/95 61010 4 91.34 91.34 0700 1278.72 sewer 951125 HONDA 111 HORSEPOWER 20610106112 09/30/95 61010 4 77.07 77.07 0700 1078.99 sewer 127 WW LIPTSTAT -TREAT PLA 45 09/30/73 61000 2 0.00 16800.00 2000 16800.00 sewer 143 11179051 P0.-.30 GALLON 09/30/72 61000 2 2791.75 65606.13 4000 111670.00 sewer 144 WW TREAT PL -1.19 GALL 09/30/78 61000 2 15029.03 263008.03 4000 601161.00 eewor 0527• REDWOOD COVOR SOX 20125375 09/30/83 61000 2 0.00 308.00 0500 388.00 090e1' 2494 9J,090 0BT8RING 33106102 09/30/07 61000 2 634.50 5393.26 3000 19035.07 0ewer 2510 WEIRS -0LD WW PLANT 20146112 11/19/87 61000 2 0.00 5334.00 0500 5334.00 sewer 270fi PIPING -WWTP -WEST 20146112 02/10/89 61000 2 55.91 372.75 1500 838.70 sewer •2589, • BRUSHY CRUX 211105007 33036101 09/30/88 61000 2 9384.10 00439.85 2500 234602.48 sewer 23 5086.81 63307.18 204800.26 RPT00001.081 UFA CORE -- UTILITY FUND ASSETS DATE: 06/27/1996 UTILITY FUND ASSETS PAGE: 4 Coaany Maj. Current Depr Accumulated Bet Acquired User Pie Asset Description Type Expenoe 0/L Purchase O Dept Clo. 10/94 -09/95 Depreciation Life Value ld 7 2488 LAKE CREEK INTERCEPTO 45 33036107 09/30/87 61000 2 4165.20 49832.66 4000 166608.07 newer 951155 W WW TRTNT PLA9T -E0.00 36652916201 09/30/95 61000 2 2035.11 2035.11 2500 101755.34 newer 2226 ONION 10805 INTERCEPT 37166101 09/30/85 61000 2 3920.00 41166.00 4000 156825.00 Bawer 2226 ONION CREEK AT I -35 37166101 09/30/85 61000 2 7193.00 75524.00 4000 287712.00 Bawer 962032 LAKE CREEK LIFT ETATI 09/30/87 61000 2 4134.00 33066.00 3000 124000.00 sewer 962033 ONION CREEK INTERCEPT 09/30/84 61000 2 7279.00 00060.00 3000 218350.00 newer 45 56611.60 719025.79 3045079.66 135 BUILD - CONTROL CL2 EMT 81 09/30/72 61000 2 0.00 3000.00 1000 3000.00 newer 136 BUILD -LAB NWT PLANT 09/30/78 61000 3 0.00 2156.00 1000 2156.00 •ewer. 137 BUILD- CONTROL CLE PUN 09/30/72 61000 3 722.50 16978.75 4000 28900.00 newer 0000 WASTEWATER TREATMENT 09/01/82 61000 3 41301.20 557566.20 4000 1652048.00 Dower 0525 519001' IMPROV -SEWER 20125342 09/30/83 61000 3 0.00 203.00 0500 203.00 newer 2127 STRIP, AIR COND. 6 08 20126111 10/28/85 61000 3 0.00 606.00 0500 606.00 newer 2220 00000E DISP09AL BUILD 37136101 09/30/85 61000 3 3108.25 32636.63 4000 124330.00 newer 2363 RBNOVATION9 -WWTP WEST 20146112 09/11/87 61000 3 0.00 817.51 1000 817.51 sewer 2364 RENOVATIONS- WWTP /LABO 20146112 08/19/87 61000 3 0.00 2179.99 0500 2179.99 newer 2365 RENOVATIONS -WWTP /MATE 20146112 08/31/87 61000 3 0.00 336.17 0500 336.17 sewer 2487 2.5 MOD WASTEWATER PL 33026101 09/30/87 61000 3 86349.98 762521.59 5000 4317499.10 newer 2509 ELBC SUPPLY TO A/C 20146112 10/30/87 61000 3 0.00 626.68 0500 626.68 sewer 2707, OFFICE D09ION- WWTP -WE 20146112 09/30/89 61000 3 496.85 3229.54 1500 7452.75 newer 2745 NW PLANT 0E9A11-9E97' 46026010 09/30/89 61000 3 17014.61 110594.99 1500 255219.21 newer 2740, WW PLANT WHET IMPROY 46026061 09/30/09 61000 3 4760.00 30940.51 1500 71401.12 °ewer • 81 153753.47 1524393.56 6466775.53 900045 W /WW PLANT IMPROVEMEN 82 RPT00001.11M1 CORR-- UTILITY FUND A8SET8 UFA UTILITY FUND A58019 Comany Maj. Current Depr Accumulated Bet Acquired User Fie Ameet Description Type Oxpenoe 0/L Purchase D Dept C1e. 10/94 -09/95 Depreciation Life Value 1d 7 920456 1991 WWTP HANDRAIL /WA 02 36652856XXX 09/30/92 61000 3 754,81 2641.84 5000 37740.49 newer 920462 1991 0001 WWTP IMPROV 3765291650700 09/30/92 61000 3 2480.00 8690.00 5000 124000.00 newer 920463 1991 W WWTP IMPROVEM0 57652916X005 09/30/92 61000 3 5055.99 17695.97 5000 252799.47 oewer 940520 0050 TREATMENT PLANT I 24652996201 09/30/94 61010 3 3637.50 5456.25 3000 109124.96 eewer 193 60WER 8IT8 -ROS00 TRAC 91 82 16077.20 57293.01 585898.43 0270 1800 -500 PLANT 0518 09/30/81 61000 1 91 Meets Reported 91 04/01/90 61000 3 4148.90 09/30/79 61000 1 - 237189.94 0.00 0.00 0000 0.00 0.00 0000 22818.95 1500 62233.51 newer 115000.00 power 191092.00 oewer 0.00 0.00 306892.00 2387981.99 9640340.64 DATE: 06/27/1996 PARR: 5 NOTICE val 768rbISE 618 THE STATE OF TEXAS COUNTY OF WILLIAMSON EAST Prepared by the Stem bcc Texas r PLANT Lawyers only. Reviewed 1 -1.76. To stltct tilt proper Joan, MI In blank spaces, strike out /or t provisions or insert special terns eanssilutes the procure of law. No "standard form" can meet all requirements. WARRANTY DEED 9377 I KNOW ALL MEN BY THESE PRESENTS: That ELIZABETH ANN ROSSQ.f, Individually and as Administrator of the Estate of AUGUST GENE ROSSOW, Deceased of the County of Williamson and State of Texas consideration of the sum of TEN AND NO /100 for and in and other valuable consideration to the undersigned paid by the grantee DOLLARS 8 herein named, the receipt of which is hereby acknowledged, have GRANTED, SOLD AND CONVEYED, and by these presents do GRANT, SELL AND CONVEY unto THE CITY OF ROUND ROCK, a municipal corporation of the County of Williamson and State of Texas , all of • the following described real property in Williamson • County, Texas, to-wit: (See Exhibit "A ") TO HAVE AND TO HOLD the above described premises, together with all and singular the rights and appurtenances thereto in anywise belonging, unto the said grantee , its successors forever; and I do hereby bind myself, my 32# G7 and t o r s to heirs, executors and admi nistrators to WARRANT AND FOREVER DEFEND all and singular the said premises unto the said grantee , its auccessors sim®tand assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof. EXECUTED this da of i rry 1 day `^ .0. ,1 . A.D. 19 79 E a eethh nn Rossow, individually"' "' i El abeth Ann Rossow, as Administrator of,•the Esaty...ag . A!, ggPX....gAng...RP.S.saw..Dec'd. COUNTY OF HILL7AMSON I NOW ALL MEN BY THESE PRESENTS: I, W.P. FOREST, do hereby certify that the above d that correct to the beet of m ascribed tract was surveyed on the ground under my supervision and Y knowledge and bellefe above description is true and h e CERTIFY WHICH, WITNESS my hand and seal at Georgetown, Texas, this 7 of August; 1979, A.D. VOL C'8 r EXHIBIT "A" DESCRIPTION FOR THE ESTATE OP A.C. ROSSOW CITY OF ROUND ROCK BEING 31.372 acres of the Joseph Marshall Survey, Abstract No. 409, in Williamson County, Texas, the same tract called 31.00 acres In a deed to A.G. /burrow of record In Vol. 550, Page 404, Deed Records of Williamson County, Texas, Surveyed on the ground in July of 1979, under No. nder the direction of W.F. Forest, Registered Public Surveyor BEGINNING at an 101. e et the Northeast ant set i the 31.00 O.N. Railroad th R.O.W. of the I. S corner of a tract owned by cre tract and y Mrs. V.A. V Southern, at thn Northwest THENCE S 00 E 700.0 feet with the general course of a crooked fence in the creek bottom and S 02'03' N 677.0 feet to the center of Brushy Creek and to the Southeast corner of the 31.00 acre tract. THENCE upstream with the center of the Creek as follows: S 56'21' feet, S 64'10' W 246 feet, S 41'05' W 117 feet and S 02 the lbwan.NaK corner of e , a 87.6 iron pin found. 3.593 ed ; 5 acre tract curve 02'05' E 181 feet to Y n June of 1977, an TRENCE N 85'15' W 377.2 feet to an iron pin found at an ell corner in the East boundary of the 3.593 acre tract (on the East line of a 22 foot vide • strip used as an acceesway). THENCE N 00'05' E 1443.80 feet with the boundary of the 3.593 acre tract to a point on the crumbling Bane edge of a bridge. THENCE N 31 '51'45" E 59.9 feet to an iron pin found. THENCE N 67 '30'55" E 729.09 feet to an iron pin found. THENCE N 19. 30'30" W 22.09 feet to an iron pin found In the South line of the I. d G.N. Railroad and at the upper Northeast corner of the 3.593 acre tract. THENCE N 69 '03'10" E 241.96 feet with the South line of the railroad to the POINT OF BEGINNING. STATE OF TEXAS REGISTERED PUBLIC SURVEYOR NO. 1 01 FOREST Buck relander 73 AC, I-' l■giarty 32.43 AC. 504 /348 A. G. Rossow Estate 3 1.00 A C. 550/404 31.372 AC. to City of Round Rock 0 0 0 Z 4 b' '19 p9 e X51 0 6 . 39 .4:; 5 0 9 JOSE! 0 0 . t. • 1 ..ti... • A 1 - 1 - 3URVI.Y G4 09 0 0 Mrs. V.A. Southerr `f• /ram pin 3ao,d I ../.a„ F ;w sGf x �gaee .... 1" ,.'N ,3.GS3 AC. .pp3 to ' . i'h f\ '� M S TATE 'OF TEXAS KNOW 11L` 1p r 1/ -t\ p .' :• • - .. 1/ 0 fDUMTY OE will/A FJt 9Y .IH / X o •.. t 5 .A. C') W.F. Swabsn unity thntw nn trot l u w e t�n . ` „n N true any tormst is Ole Oral ul hly Snow:stet a . ' .-` `p er "+ — TO Cz a ;/,y wHh:7f wirutss m, 'saw °W sa+; t t on Ws u:. g'4 � Yf A..3- • WA S n�KTs-a- 9. CI _ . `R Ep^t : iUs (.” I LI � �,� � Na. lo 'S' t <� U VOL 7 88rACE $51 EXHIBIT "A" Page Two Along with the free and uninterrupted use, liberty and easement of passing in, along, and across a certain passageway or road across the premises, and located along the North and West side and being a part of a 34.60 acre tract described in Deeds re- corded in Volume 537, Page 166 and Volume 541, Page 340 of the Deed Records of Williamson County, Texas, said passageway or road being twenty -two (22) feet wide which was retained by Grantors out of the aforementioned 34.60 acre tract, thirty - one (31) acres of which were conveyed by the Grantors to August Gene Rossow and wife, Elizabeth Ann Rossow by deed dated 7- 11 -77, and recorded in Volume 676, Page 628 of the Deed Records of Williamson County, Texas. The twenty -two (22) foot permanent easement was provided for in a contract dated 4 -15 -72 which was recorded in Volume 550, Page 404, Deed Records of Williamson County, Texas. cdrxwnavraenallsceder.xe - Type Code Description 01 Olfice Equipment 02 Computer Equipment 03 Computer Software 04 Books and Journals 05 Typewriters 00 Movies/films 07 TV's, VCR's, Video Cameras & Cameras 08 Small ToolaNaluablo Equipment 09 Furniture and Fixtures 10 11 12 13 Lino Tiimmele, Edgers 14 Lawnmowers (Tao, etc) 15 Equipment (machinery) 16 Parts Inventory 17 Safety Equipment 19 19 Communication Equipment 20 Miscellaneous Equipment 21 Recreation Equipment 22 Automotive Equipment 23 Misc. Utility Equipment 24 Automobiles 26 Vans 28 Pickup trucks, Light weight trucks 29 Medium weight ticks Wtr meters, Udy linos, lire hyranls (impr. 07B1 City of Round Rock Type Code 30 31 32 33 34 35 36 37 38 39 40 41. 42 43 44 45 48 47 49 61 81 82 91 EAST PLANT EXPANSION Street Sweepers Dump Trucks Garbage Trucks Description Flro Trucks Fire Truck Equipment Miscellaneous Improvements Droinago Improvements Perk Improvements Streets and Bridges Sidewalks, landscape, out door lighting ConslrucUon Equipment WW Improvements Backhoes, Tractors Trailers Water Improvements Improvements hither than to buildings) BulklIngs Improvements to Buildings Land 2445.139-62011 Esdmard Cast D 1994 Ian 1995 Feb 1995 IYLsr 1993 1 Apc 1995 54ay 1995 1 Jun 1995 July 1995 Aug 1995 I Sept 1995 1 Total Sped FY 1995 2445.230.6112 Belt Press Equip 152,182 1 2445. 291 -6205L Telco 1 3.650 I 2455- 18942191 Engineering'. 144,573 3.491 3,491 144,573 2445.2304I14 Trailer 87,985 1 I 0 24-65- 189-62081 1 50,000 1 86,4401 1 1 1 1 1 1 0 24- 65- 230-6201 Crun, Sheffield 13,016,010 0 2445. 18942251 LOA; FIDR 1.400 ( 1 1 1 I 845,551 145.55T 24-65.2304 Coming elk Tooting 180,112 112 1 341 .147 112 112 24.65. 230.62091 MR-construction 601,000 I 0 24.65430 -62171 O'Neill 20,064 1 3,097 3.097 COA inspector 1 17,000 1 1 0 2445.230 -6225 LOA -HDR 9.500 3.448 1,152 1 1 2,705 7,305 24-65. 2304251 M040u4- &It press 47,000 1 1 27,450 7,200 12.350 47.000 2445. 230-64081 Coming -belt press 147 1 1 1 147 147 2445.139-62011 Bid Spring '96 1 1,000,000 I l I 1 0 0 2445 - 291-62021 Estimam 24-65-189-62091 Eapcy Huston 1 10,000 2.799 1,459 1,824 5971 1 2445. 291 -6205L Telco 1 3.650 6,679 2455- 18942191 Engineering'. 65,000 3.491 3,491 2445. 291 -62081 Contingency 1 1 1 1 I 0 24-65- 189-62081 Contingency 50,000 1 86,4401 1 1 1 1 1 1 1 1 0 2445. 18942251 LOA; FIDR 1.400 1 I 1 1 I 1 1,332 1,332 2465.29141311 Wcaa/iuttalltn 15,150 l 1 1 1 1 0 0 2445 - 291-62021 Estimam 800,000 I 1 I I 1 2445. 291 -6205L Telco 1 3.650 1 I I 1 1 1 1 3.491 3,491 2445. 291 -62081 Contingency I 55.750 1 1 1 I I 1 0 2465-291 -62091 HDR 1 86,4401 1 1 1 1 1 1 1 0 , City atRom_d Ronk , EvlWf0P grpansion July 1,1796 Protaniaaiy Draft Total Defaced Bnrsl yCradc Int to W =TM Con¢act d6 16,130,999 4,474,6I0 20,625,609 0 3,561 1,152 34 0 0 172,023 7 ,200 863,814 1,047,783 T001 1.126,400 2,799 1,459 1,324 597 0 0 ' 0 0 0 1,332 Air Systea I provaoa s -W WW Plea 1,012 Total Ta01 - All Projars 960,990 0 0 0 0 0 0 0 0 0 3,491 3,491 2.799 1,459 5,384 1,749 34 0 0 172,023 7200 868,638 1,059386 24-65 -189 -6201 Oa 1 Nov 1995 1995 I Dee 1995 Jan 1996 Feb 1996 My 1996 April 1996 May 1996 Total Spent FY 1996 Toni Spent To Darn 24- 65- 230 -6212 Bolt Prey Equip I 7.609 1 1 0 24- 65-2914205 7609 152.182 24.65- 230-61141 Traits 1 1 87,985 1 17.985 87,985 24-65430.62011 Craig. Sheffield 512,7121 601,078 574,839 510.531 584.4821 1,131.6671 825.525 I,076.275 5.817.109 6.662,660 24-65-230-62081 Coating. & Testing 831 153 5,4231 11,775 6,738 3,795 6,580 34,546 34,658 2445.2306209 10)R-cons6uetion 1 319331 30,4061 20,690 24,2611 28,4091 32,507 176,286 176,206 24 - 230 - 6217 07441 1 5,497 11,470 16,967 20,064 COA inspect= 0 0 24-65 - 230 -6225 L1DA 400R 2,195 2,195 9,500 24-65 - 230-6251 Mato us-Belt. Press 0 47,000 2465- 230.6408 Coating-belt Foos 0 147 24-65 -189 -6201 Bid Spring 96 1 f I 1 15,150 15,150 24 2914201 0 0 24- 65- 1896209 Espey Huston I 1 1 0 24- 65-2914205 Teteo 0 6,679 24- 65-1096219 Engineering' 1 1 0 3,491 0 0 2445 - 189 -6200 Cootiagmcy *. 1 1 0 0 0 24 LOA RDA 1 60! 1 68 1, 24-65-291-61311 Weirs/411=11M 1 1 15,1501 1 I 1 15,150 15,150 24 2914201 Estimate 1 1 I 1 1 0 0 24- 65-2914205 Teteo 1 1 1 1 0 3,491 2445. 2914200 Cantinttency 1 1 1 0 0 24.65. 2914209 10)0. 1 1 8.393 19,5831 27,976 27.976 1 City o(Round Rock , EVVVrrP lgan-don July 1,1996 ' Itegoinaly Draft Tool Dofan:6 Brushy Crook Int to W Wwrp, Contrae Total Air Systea Ittsprovemewa -W WW Plata Total 0 512,795 603,421 625.301 540,937 6I6947 1,250,651 857,809 1,126,832 6,142,698 7,190,482 0 68 0 0 0 0 0 0 68 0,079 0 0 23.543 19,383 0 0 0 43,126 46,617 Total. All Projects 512,795 603,494 648,844 568,520 616,947 1,250,651 857,809 1,126,032 6,185,892 7.245,178 ` •, °^.'^." - .~^ ~~ ^` °"~~ ' ' . _~ --~- TRACT '�6��~— .2 | ~ � ~ = " _--- ` ' . Tn°CTr"peE \ \ \ \ \ \ � \ . = CIVIL ENGINEERING ANO LIND SURVEYING RntInd Pnr.lt Towne ?RASA It is further understood and agreed among the parties hereto that the description of the Regional System Assets on this Exhibit is general in nature, and the parties agree that the Regional System Assets described herein include all related permits, licenses, approvals, construction contracts, easements, rights -of -way, engineering reports, plans and specifications, manuals, warranties, guarantees, studies, reports, pumps, pipes, valves, fittings, meters and similar items, matters and facilities associated with the Regional System Assets described herein. The parties agree to work in good faith to more particularly describe the Regional System Assets in any conveyance documents utilized to implement this Agreement. The Purchase Price and the Regional System Assets included to date in this Agreement do not include certain other assets which Round Rock will obtain ownership of pursuant to implementation of the Termination Agreement. The parties to this Agreement contemplate that when Round Rock has acquired ownership of those additional assets, the terms and provisions of this Agreement will apply equally to those assets and the parties will negotiate in good faith a Purchase Price for said assets and proceed in good faith to implement acquisition of same by LCRA to the extent the same are used and useful for LCRA in providing wastewater service under this Agreement. Brazos River Authority Honorable Charles Culpepper ✓ Mayor City of Round Rock 221 East Main Street Round Rock, Texas 78664 Gentlemen: Please find enclosed executed copies of "Agreement Respecting Operation of Sewage Treatment Plants Serving the City of Round Rock, Texas" for your records. Should you have any questions, please don't hesitate to call. TGC:bok Enclosure t\brushylagree.doc. Re: Brushy Creek Regional Wastewater System Sincerely, Mr. Henry Huffman District Manager OMI, Inc. 7600 West Tidwell, Suite 400 Houston, Texas 77040 -5719 TOM G. CLAR Water Treatment Division Manager 4400CobbsDrive • P.O. Box 7555 • Waco, Texas 76714-7555 817-776-1441 • FAX 817- 772 -5780 RECEIVED NOV 0 11996 QUALITY • CONSERVATION • SERVICE October 30, 1996 STEPHAN L. SHEETS CHARLES D. CROSSFIELD CARY L. BOVEY FELIX O'NEILL RIPPY STUART N. WHITLOW RE: Opinion Letter Dear Mr. Beal: C: \NPOOCS\ACITY \RECNN \ICR1 BRA \L- OPINIO.NPD /sls kl(p- Pig SHEETS Sc CEOSSFIELD, PC ATTORNEYS AT LAW 309 E MAIN STREET ROUND ROCK, TEXAS 78664 -5246 TELEPHONE (512) 255-8877 FAX 1512) 255 -8986 E-MAL SANDC RRTX ®Aa..coM August 19, 1996 Joseph J. Beal, E. Manager, Wa - & Hydroelectric Company Lower Co .rado River Authority P.O. :.x 220 Au in, Texas 78767 -0220 This opinion is being rendered to you in connection with the sale of certain wastewater system assets by the City of Round Rock, Texas ( "City ") to the Lower Colorado River Authority ( "LCRA ") pursuant to the terms and conditions of that one certain Agreement for Acquisition of Wastewater System Assets, ( "Agreement ") dated the 12th day of July, 1996. The Agreement provides, among other things, that LCRA will purchase certain wastewater system assets which are presently under construction. I am the City Attorney for the City. As such I have examined and reviewed the bid documents, contract documents, change orders and records of city council actions with respect to the construction of said wastewater system assets. ,In addition, I have examined the Round Rock City Charter, the Code of Ordinances of the City, and the Texas Local Government Code, and have made such other investigations, as I have deemed necessary or advisable for purposes of this opinion. Based on the _foregoing, I am of the opinion that the City has complied with laws of the State, as well as the Charter and Ordinances of the City with respect to the taking of bids,'awarding the contract, and approving Change Order No. 1 for the construction of the wastewater treatment expansion located at the City's east wastewater treatment plant site. In particular, Change Order No. 1 was necessary, proper and in compliance with applicable law because the City of Austin withdrew from participation in the project after the request for bids was advertised and the bids opened, but prior to the award. As a consequence of this unforeseen circumstance, it was necessary to decrease the. Joseph J. Beal, P.E. Page 2 August 19, 1996 quantity of work to be performed and to decrease materials, equipment, and supplies to be furnished. If you have further questions regarding these matters, please feel free to call. SLS /sls cc: Robert L. Bennett, Jr. City Manager City of Round Rock 221 E. Main St. Round Rock, Texas 78664 Stepha L. Sheets AGREEMENT RESPECTING OPERATION OF SEWAGE TREATMENT PLANTS SERVING CITY OF ROUND ROCK, TEXAS AGREEMENT made and entered into this I W day of o , 1996, among CITY OF ROUND ROCK, Williamson County, Texas ( "City "), BRAZOS RIVER AUTHORITY, a river authority of the State of Texas ( "Authority ") and OPERATION MANAGEMENT INTERNATIONAL, INC., a private business corporation ( "OMI "). 1. RECITALS. City and OMI are parties to "Agreement For Operations, Maintenance And Management Services For The City of Round Rock, Texas" ( "Management Agreement ") executed on behalf of OMI on October 19, 1995, and on behalf of City on November 9, 1995. City and Authority, together with Lower Colorado River Authority ( "LCRA ") are parties to an agreement entitled "Wastewater Disposal Contract" executed on behalf of Authority on the 12th day of July, 1996. Under the terms of Management Agreement, OMI agrees to provide the services necessary for the management, operation and maintenance of two sewage treatment plants ( "Treatment Plants ") owned by City and described in Appendix B attached to Management Agreement. Under the provisions of Wastewater Disposal Agreement, ownership of Treatment Plants has been transferred by City to LCRA to be operated and maintained by Authority. Authority and City have agreed that so long as Management Agreement, as same may be renewed and extended according to its terms, remains in effect, it is appropriate that Authority should discharge its obligations provided in Wastewater Disposal Agreement for management of Treatment Plants by accepting assignment from City of City's rights under Management Agreement and assuming City's obligations thereunder. It is provided in Subsection 1.4 of Management Agreement that it shall be binding upon the successors and assigns of each of the parties but that neither party will assign it without the prior written consent of the other party. The purposes of this Agreement are to provide for assignment by City to Authority of its rights under Management Agreement; for assumption by Authority of City's obligations under Management Agreement; for the written consent of OMI to the assignment; and for adjustments to the rights and obligations provided in Management Agreement in the light of the change in circumstances resulting from the execution of the Wastewater Disposal Agreement. 2. ASSIGNMENT AND ASSUMPTION. City assigns unto Authority all of City's rights provided in Management 2 Agreement and Authority assumes all of City's obligations thereunder, with such rights and obligations to be modified as hereinafter provided. 3. WRITTEN CONSENT OF OMI. By its execution of this Agreement, OMI gives its written consent to the assignment and assumption provided in Section 2, above, and to the modifications of the rights and obligations provided in Management Agreement as set forth below. 4. COSTS DEEMED OPERATION AND MAINTENANCE EXPENSE. All costs incurred by Authority as a result of assumption of City's obligations under Management Agreement shall be deemed "Operation and Maintenance Expense" under the provisions of Wastewater Disposal Agreement. 5. OBLIGATIONS TO CITY EMPLOYEES. Pursuant to the provisions of Subsection 2.7 of Management Agreement, individuals who worked in Treatment Plants at the time when the services of OMI provided in Management Agreement began and who continued to work at Treatment Plants thereafter were afforded the opportunity to remain employees of City. Some of such individuals availed themselves of this opportunity. It is provided in Section 2.7 of Management Agreement that at renewal of said Agreement on November 1, 3 1997, which was to be at the option of City, all of the individuals continuing to work at Treatment Plant who remained as employees of City would become employees of OMI. In the event that Management Agreement is not renewed by Authority, Authority agrees that such individuals, provided that they pass Authority's drug screening procedure and meet its minimum job requirements, will become employees of Authority and be paid by Authority at the rates and with the employee benefits established by Authority for the positions which they occupy. In the event that any such individual cannot qualify for coverage under the Authority's health benefit plan at the time that he becomes an employee of Authority, Authority will, on behalf of the employee, pay the premiums required for the coverage available to the employee under the provisions of the Consolidated Omnibus Budget Reability Act of 1985 after termination of his employment with City under the health plan offered by City until such time as the employee becomes eligible for coverage under the plan offered by Authority to its employees. No such employee shall be or be deemed to be an employee of Authority so long as Management Agreement remains in effect. 6. MOTOR VEHICLES AND HEAVY EQUIPMENT. The motor 4 , vehicles listed on Appendix B, attached to Management Agreement, have not become the property LCRA under the provisions of Wastewater Disposal Agreement. Therefore, they are not available to Authority for continuation of the arrangement by which use of same has been provided to OMI under the provisions of Subsection 6 of Management Agreement. Further, unless equipment is acquired for that purpose, Authority will not have available heavy equipment with which to fulfill the undertakings of City under Section 3.4 of Management Agreement. Authority agrees that it will either make arrangements with LCRA to acquire motor vehicles to replace those listed on Appendix B as part of the System described in Wastewater Water Disposal Contract and make such motor vehicles available to OMI for use in lieu of the vehicles described in Subsection 3.6 or it will itself purchase and make available such vehicles. In the latter case, the cost shall be treated as a Maintenance and Operation Expense incurred under provisions of Wastewater Disposal Agreement. The parties agree to confer in an attempt to arrive at agreement as to the most inexpensive way of meeting the requirement for availability of heavy equipment to fulfill the functions of that provided to be made available under Section 3.4 of Management Agreement. 5 In the event of need for such equipment by OMI which is not promptly supplied by Authority, OMI may supply such equipment as an "other service" provided for compensation as provided in Section 2.14 of Management Agreement. ATTEST: 4 9CIMA / U 22 aea/r/Gb y Secretary CITY •F ROUND ROCK, TEXAS Mayor 6 "City" BRAZOS RIVER AUTHORITY BY Al`/ a..gi. Roy A. Roberts, General Manager ATTEST: Secretary ATTEST: (Bnzos1Sewage.RoundRca) Secretary OPERATION MANAGEMENT INTERNATIONAL, INC. BY i�i��f ' .,Gf�, 045 /Avn OE,� res i dcnt 7 "Authority" "OMI" Mayor Charles Culpepper Mayor Pro•tetn Earl Palmer Council Members Robert Stluka Rod Morgan Rick Stewart Martha Chaves Jimmy Joseph City Manager Robert L Bennet; Jr. City Attorney Stephan L Sheets CITY OF ROUND ROCK October 17, 1996 Mr. Roy A. Roberts, P. E. General Manager Brazos River Authority P.O. Box 7555 Waco, Texas 76714 -7555 Re: Brushy Creek Regional Wastewater System Dear Mr. Roberts: Enclosed are four originals of "Agreement Respecting Operation of Sewage Treatment Plants Serving City of Round Rock, Texas." Please sign all the agreements, retain one for your files, and return three to me. If you have any questions, please do not hesitate to call. Sincerely, Joanne Land Assistant City Manager/ City Secretary enclosures Fax: 512-218-7097 1-800-735-2989 TDD 1-800-735-2988 Voice 221 East Main Street Round Rock. Texas 76664 512 -218 -5400