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R-97-04-24-10A - 4/24/1997WHEREAS, the City of Round Rock ( "City ") has previously entered into a Wastewater Disposal Contract with the Brazos River Authority and the Lower Colorado River Authority (collectively "the Alliance "), and WHEREAS, one of the purposes of the Wastewater Disposal Contract is to provide for the treatment of wastewater on a regional basis, and WHEREAS, the City of Cedar Park would like to enter into a similar agreement with the City and the Alliance, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a revised Wastewater Disposal Contract which includes the City of Cedar Park, a copy of said revised contract being attached hereto as an exhibit. RESOLVED this 24th day of April, 1997. ATTEST: E LAND, City Secretary K: WPDOCS \RESOLDTI \AS00■24A.NPD /e1e RESOLUTION NO. R- 97- 04- 24 -10A ii6 CHARLES CULP PER, Mayor City of Round Rock, Texas WASTEWATER DISPOSAL CONTRACT dated 1997 among BRAZOS RIVER AUTHORITY LOWER COLORADO RIVER AUTHORITY CITY OF CEDAR PARK and CITY OF ROUND ROCK TABLE OF CONTENTS ARTICLE I DEFINITIONS Section 1.01. DEFINITION OF TERMS. 4 Section 1.02. INTERPRETATION. 13 ARTICLE II DESIGN, ACQUISITION AND CONSTRUCTION OF SYSTEM BY THE ALLIANCE Section 2.01. ALLIANCE RESPONSIBILITIES. 13 Section 2 02 ALLIANCE MODIFICATIONS 15 Section 2.03. ACQUISITION AND CONSTRUCTION OF PHASE I OF THE SYSTEM. 15 Section 2.04. CONDITIONS PRECEDENT TO CONSTRUCTION. 17 Section 2.05. CONSTRUCTION OF PHASE II 17 Section 2.06. EXPANSIONS BEYOND PHASE II 19 Section 2.07. CONSTRUCTION OF REQUIRED IMPROVEMENTS. 20 Section 2.08. LCRA RIGHT TO RESERVED CAPACITY. . 20 Section 2.09. DEPOSITS ON FUNDING DATES. 20 ARTICLE III •• t 1 la •► • u . Section 3.01. OPERATION 21 Section 3.02. COMPETITIVE BIDS. 21 Section 3.03. PAYMENTS TO BRA FOR OPERATION OF SYSTEM 22 Section 3.04. OPERATION & MAINTENANCE MANAGEMENT FEE 22 Section 3.05. COOPERATION DURING MAINTENANCE OR EMERGENCY i 22 ARTICLE IV RFSF.RVFT) CAPACITY AND DISCHARGE OF WASTEWATER Section 4.01. DISCHARGE QUANTITIES 23 Section 4.02. POINT(S) OF ENTRY 24 Section 4.03. RATE AND QUANTITY AT POINT(S) OF ENTRY. 24 Section 4.04. DISCHARGE QUALITY. 24 Section 4.05. REGULATIONS 25 Section 4.06. INDUSTRIAL WASTES 25 Section 4.07. SYSTEM LIMITATIONS 26 Section 4.08. RESPONSIBILITY FOR TREATMENT AND DISPOSAL OF WASTEWATER. 26 Section 4.09. METERING. 26 Section 4.10. UNIT OF MEASUREMENT 27 ARTICLE V SYSTEM BIIDGFTS AND CHARGES Section 5.01. ESTABLISHING BUDGETS AND CHARGES. 27 Section 5.02. CUSTOMER DISPUTES. 29 Section 5.03. CHANGES FROM NEW CUSTOMERS, EMERGENCIES AND LEGAL ACTION. 29 Section 5.04. CAPITAL CHARGES. 30 Section 5.05. FLOW CHARGES 32 Section 5.06. HOW, WHEN AND WHERE PAYMENTS ARE TO BE MADE 33 Section 5.07. DEFAULT. 33 Section 5.08. CAPITAL MANAGEMENT FEE 34 ARTICLE VI TECHNICAL. REVIEW COMMITTEE Section 6.01. COMPOSITION OF TECHNICAL REVIEW COMMITTEE. ... 34 Section 6.02. RESPONSIBILITY OF TECHNICAL REVIEW COMMITTEE .. 34 ARTICLE VII GENERAL PROVISIONS Section 7.01. NO TAX OBLIGATION OF CUSTOMERS. 35 Section 7.02. PAYMENTS TO CONSTITUTE OPERATING EXPENSES OF CUSTOMER 36 Section 7.03. CUSTOMER RATES, FEES AND CHARGES. 36 Section 7.04. USE OF PUBLIC PROPERTY. 36 ii Section 7.05. FORCE MAJEURE 37 Section 7.06. INSURANCE. 37 Section 7.07. GOVERNMENTAL REGULATION 37 Section 7.08. CUSTOMER COOPERATION TO ASSURE REGULATORY COMPLIANCE 38 Section 7.09. CONTRACTS WITH OTHERS IN RELATION TO SYSTEM. 38 Section 7.10. NON - INFRINGEMENT 39 Section 7.11. SALE OR TRANSFER OF SYSTEM; CUSTOMERS' RIGHT OF FIRST REFUSAL 39 Section 7.12. LCRA RIGHT OF FIRST REFUSAL TO PURCHASE CEDAR PARK TREATMENT PLANT. 39 Section 7.13. EXPANSION OF CEDAR PARK TREATMENT PLANT. 40 Section 7.14. ANNUAL REPORT OF SYSTEM AND AUDITS. 40 Section 7.15. NO ADDITIONAL WAIVER IMPLIED. 40 Section 7.16. ADDRESSES AND NOTICE. 40 Section 7.17. MODIFICATION. 42 Section 7.18. ASSIGNABILITY 42 Section 7.19. SEVERABILITY. 42 Section 7.20. MERGER. 42 ARTICLE VIII NEGOTIATION AND MEDIATION OF DISPUTES Section 8.01. AGREEMENT REGARDING REMEDIES 42 Section 8.02. AGREEMENT TO NEGOTIATE FIRST TO RESOLVE ISSUES. 43 Section 8.03. AGREEMENT TO MEDIATE 43 Section 8.04. PRESENTATION OF WRITTEN CLAIM REGARDING DISPUTES NOT RESOLVED BY NEGOTIATION. 43 Section 8.05. PERFORMANCE DURING MEDIATION 43 Section 8.06. APPOINTMENT OF MEDIATOR. 43 Section 8.07. RULES FOR MEDIATION 43 Section 8.08. EXCEPTION 45 ARTICLE IX EFFECTIVE DATE AND TERM OF AGREEMENT Section 9.01. EFFECTIVE DATE. 45 Section 9.02. TERM OF AGREEMENT. 45 Section 9.03. EFFECT ON CERTAIN PRIOR AGREEMENTS. 45 iii WASTEWATER DISPOSAL CONTRACT 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 Round Rock ( "Round Rock ") and the City of Cedar Park ( "Cedar Park "). Round Rock, Cedar Park and, to the extent contemplated by Section 2.08, LCRA are hereafter collectively referred to as the "Customers." RECITALS 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. Pursuant to such recognition, they have entered into an Alliance to implement such cooperation and pooling of resources, including financial and engineering resources and BRA's experience in the operation of regional sewerage systems. The Alliance is not a separate entity, but a cooperative effort and dedication of resources of LCRA and BRA. 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. 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 neither LCRA nor BRA shall be responsible for the performance by the other of its undertakings provided herein. The City of Austin ( "Austin "), Round Rock and Brushy Creek Water Control and Improvement District No. 1 (the "WCID ") entered into a certain "Wastewater Disposal Agreement ", as amended (the "Wastewater Disposal Agreement "), setting forth terms and conditions of those parties to participate in the joint financing, construction, operation and maintenance 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. Pursuant to the Wastewater Disposal Agreement, the WCID acquired or constructed 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, 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. Additionally, Austin and Round Rock transferred to the custody and control of the WCID certain funds, equipment and other assets for use with the WCID System. Austin and Round Rock also respectively acquired or constructed or determined to use in their own names certain land, wastewater facilities and property rights in contemplation of the later use by or dedication of same to the WCID. 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 19, 1996 (the "Termination Agreement "), Austin, Round Rock and the WCID 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 responsibilities. Austin, Round Rock and the WCID have implemented the Termination Agreement which resulted in Austin and Round Rock owning, jointly and severally, all of the assets formerly held by the WCID as part of the WCID System. Each Customer desires to accomplish the implementation of a regional wastewater collection, treatment and disposal system for the benefit of the Customers. LCRA and BRA, acting in furtherance of the purposes of the Alliance, agree to utilize their collective financial, engineering and operational resources and expertise to assist in the implementation of the regional wastewater collection, treatment and disposal system (hereafter, the "System "). On July 7, 1996, LCRA, BRA and Round Rock entered into that certain "Wastewater Disposal Contract" and "Supplemental Agreement" (collectively, the "RR/Alliance Service Contract "), and LCRA and Round Rock entered into that certain "Agreement for Acquisition of Wastewater System Assets (the "RR/Alliance Acquisition Contract "). Subsequent to implementation of the Termination Agreement, LCRA has acquired Round Rock's interests in the assets formerly held by the WCID as part of the WCID System and the East Plant and West Plant (as hereafter defined). LCRA is in the process of purchasing additional wastewater assets from Round Rock pursuant to the RR/Alliance Acquisition Agreement. Cedar Park, simultaneously with its execution of this Agreement, is entering into that certain "Agreement for Conveyance of Interests and Temporary Pass - Through Wastewater Service" with Austin to acquire an undivided interest in certain of the assets owned by Austin as 2 a result of implementation of the Termination Agreement and Austin's participation in efforts to implement the WCID System (the "Austin /Cedar Park Transfer Agreement "). Cedar Park is willing to assign LCRA Cedar Park's interests in the Austin /Cedar Park Transfer Agreement to acquire the assets as more particularly described on Exhibit A as provided in that certain "Agreement for Assignment of Contract Rights" between LCRA and Cedar Park, dated of even date herewith, to be used by BRA and LCRA, in furtherance of the purposes of the Alliance, in connection with and to be part of the System. The Customers desire to discharge wastewater from their wastewater collection systems into the System in order to serve the wastewater needs of the Customers, to achieve efficiencies of cost and operation and to protect and preserve the environment of the Brushy Creek watershed. LCRA, acting in furtherance of the purposes of the Alliance, is willing to acquire, construct, improve and expand the System, as described in the Engineering Report, to receive wastewater from the Customers' wastewater collection systems. 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 governing LCRA's Priority Revenue Bonds, LCRA's Junior Lien Revenue Bonds and LCRA's Commercial Paper Notes (collectively, the "LCRA Debt"). 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. All parties hereto further recognize that although Austin has not signed this Agreement at this time, the parties believe that Austin will enter into an agreement with the parties within the next few months on terms substantially the same in all material respects to this Agreement and become a "Customer" of the "System" at that time. In contemplation thereof, LCRA intends to pay a prorata share (either with or without capacity for Austin's Lake Creek watershed) of design, permitting and construction costs related to certain of the System Components (as hereafter defined) so that the sizing of said facilities will include sufficient capacity to provide service eventually to Austin (either with or without capacity for Austin's Lake Creek watershed) in the event it signs an agreement similar to this Agreement in the future. The parties agree that LCRA may construct such additional capacity by paying its prorata share (either with or without capacity for Austin's Lake Creek watershed) of the costs of design, permitting and construction related thereto. 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. 3 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 agree as follows: ARTICLE! 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 (ii) of the definition of Bond Costs herein. (b) "Agreement" means this agreement. (c) "Annual Operation and Maintenance Expense Requirement" means the annual amount budgeted, as provided in Article V, 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. (d) "Annual Project Requirement" means the annual amount budgeted, as provided in Article V, for the capital related costs of the System, including, without limitation, that year's Bond Costs, any LIF Advance Costs, and the Capital Management Fee. The Annual Project Requirement does not include any portion of the Annual Operation and Maintenance Expense Requirement. (e) "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 5.04. (f) "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 5.04. (g) "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 5.04. (h) "Austin" means the City of Austin. (i) "Austin /Cedar Park Transfer Agreement" means that certain "Agreement for Conveyance of Interests and Temporary Pass- Through Wastewater Service" entered into contemporaneously with this Agreement, between Austin and Cedar Park relating to the acquisition of an undivided interest in certain assets of Austin by Cedar Park. 4 (j) "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, improvement, repair or decommissioning 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. (k) "Bond Costs" means (i) the payments due with respect to Bonds, including the principal, redemption premium, if any, and the interest, if any, attributable to Bonds, issued by LCRA or BRA as such become due during any Fiscal Year, whether at maturity or at redemption prior to maturity, 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 (1) the amount necessary to provide for any required coverage on any outstanding Bonds and any additional Bonds proposed to be issued within a time ending no later than twelve months after the end of the Fiscal Year for which the Bond Costs are budgeted, or (2) 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: ((a)) FY 1997: two percent (2 %) of that year's principal and interest on any outstanding Bonds; ((b)) FY 1998: four percent (4 %) of that year's principal and interest on any outstanding Bonds; ((c)) FY 1999: six percent (6 %) of that year's principal and interest on any outstanding Bonds; ((d)) FY 2000: eight percent (8 %) of that year's principal and interest on any outstanding Bonds; 5 ((e)) FY 2001 and beyond: ten percent (10 %) of that year's principal and interest on any outstanding Bonds. (1) "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. (m) "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. (n) "Capital Charge" means the amount to be paid each month calculated in accordance with Section 5.04 of this Agreement and owed by each of the Customers to pay for the Annual Project Requirement. (o) "Capital Management Fee" means the fee to be paid pursuant to Section 5.08 of this Agreement. (P) "Cedar Park" means the City of Cedar Park. (q) "Cedar Park Regional System Assets" means the undivided interests in certain of the assets owned by Austin to be obtained pursuant to the Austin /Cedar Park Transfer Agreement which is to be assigned by Cedar Park to LCRA pursuant to the terms of the CP /Alliance Acquisition Contract. (r) "Cedar Park Treatment Plant" means Cedar Park's existing 2.5 MGD wastewater treatment plant located at 900 Brushy Creek Road, and any expansions thereto as permitted in Section 7.13 of this Agreement. (s) "Combined Wastewater Formula" has the meaning for that term as allowed by 40 CFR 403.6(e). (t) "Commission" means the Texas Natural Resource Conservation Commission or its successor agency. (u) "Contract 6A Wastewater Interceptor Line" means the undivided interest in that portion of the Downstream Collection System currently existing and to be acquired by LCRA as part of the Cedar Park Regional System Assets and the Round Rock Regional System Assets and referred to in the Engineering Report as being part of "Contract 6A" 6 (v) "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 in Exhibit B) or such other amount as may be required or permitted to be established pursuant to Section 5.04. (w) "CP /Alliance Acquisition Contract" means that certain "Agreement for Assignment of Contract Rights" between Cedar Park and LCRA providing for the transfer by Cedar Park to LCRA of Cedar Park's rights and obligations in the Austin /Cedar Park Transfer Agreement. (x) "Customers" means Cedar Park, Round Rock, and, to the extent that LCRA is acquiring Reserved Capacity in the System pursuant to Sections 2.08 and 4.01 of this Agreement, LCRA. (y) "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. (z) "East Plant" means the plant purchased by LCRA which was formerly Round Rock's 3.6 MGD wastewater treatment plant and appurtenances as described in the Engineering Report and any improvements or expansions thereto. (aa) "Engineering Report" means the report prepared by Espey, Huston & Associates, Inc., on behalf of LCRA, entitled BRA /LCRA Alliance Brushy Creek Regional Wastewater System Engineering Report, dated March 1996, as revised May 1, June 26, December 19, 1996, and March 19, 1997, hereby incorporated herein by reference, which describes the System Components currently contemplated, the estimated construction costs, the proposed construction schedule and other pertinent matters; and any further supplements or amendments thereto as contemplated herein. (bb) "EPA" means the United States Environmental Protection Agency. (cc) "Expansion" means any System Components which constitute an expansion, extension or enlargement beyond Phase I and II of the System. (dd) "Fiscal Year" means the twelve (12) month period beginning September I of each year. (ee) "Flow Charge" means the amount to be paid each month by each Customer calculated in accordance with Section 5.05 of this Agreement. (ff) "Funding" means the receipt from time to time by LCRA or BRA of the funds necessary to pay the Project Costs. (gg) "Funding Date" means the date or dates on which a Funding occurs. 7 (gg) "Indirect Discharges" has the meaning for that term as defined by 40 CFR 403(g). (hh) "Industrial Users" has the meaning for that term as defined by 40 CFR 403(h). (ii) "Initial Funding(s)" means the Funding(s) necessary to accomplish implementation of the RRJAlliance Acquisition Contract and the Austin /Cedar Park Transfer Agreement as assigned to LCRA by the CP /Alliance Acquisition Contract and the construction of the remainder of Phase I of the System. (kk) "Initial Funding Date(s)" means the dates of the Initial Funding(s). "Interference" has the meaning for that term as defined by 40 CFR 403.3(i). (11) "LCRA Debt" means LCRA's Priority Revenue Bonds, LCRA's Junior Lien Revenue Bonds and all of LCRA's subordinate lien obligations. (mm) "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. (nn) "LIF" means, collectively, the various LCRA Internal Funds from which LCRA System improvement may be constructed all as created with respect to the LCRA System in the resolutions authorizing and creating the LCRA Debt. (oo) "LIF Advance" means a payment for any Project Cost by LCRA from the LIF, other than payments from Accumulated Coverage. (pp) "LIF Advance Costs" means the annual payments due from the Customers with respect to an LIF 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 that being financed for the System, and coverage calculated in the manner set forth in the definition of Bond Costs. (qq) "List of Inadmissible Wastes" means the list of wastes not permitted to be discharged into the System pursuant to applicable federal and state requirements. (rr) "Month" means a calendar month. (ss) "Operation and Maintenance Expense" means all direct and indirect costs (other than those incurred as a result of the gross negligence or willful misconduct of LCRA or BRA) of operation, maintenance, repair, rehabilitation, replacement and 8 decommissioning of the System and of facilities owned either by one or more Customers or LCRA pursuant to the provisions of Article II below incurred by BRA or LCRA 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, including, but not limited to: (1) costs of maintaining any permits or licenses necessary to own, operate and maintain the System; (2) costs (other than those incurred as a result of the gross negligence or willful misconduct of LCRA or BRA) such as, but not limited to, costs of labor, materials, utilities, supervision, engineering, accounting, auditing, legal and professional services, insurance, personnel, data processing and purchasing; (3) expenses of BRA, LCRA and the Technical Review Committee in fulfilling the Technical Review Committee's responsibilities; (4) BRA's and LCRA's costs of complying with this Agreement, including, but not limited to, its remedy and mediation provisions; (5) such other costs or expenses as may be imposed upon LCRA or BRA in connection with fulfillment of their obligations under this Agreement because 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; (6) 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; (7) 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 arising in connection with the ownership, operation or maintenance of the System; (8) 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; (9) 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 (10) the Operation & Maintenance Management Fee. 9 Depreciation shall not be considered an item of Operation and Maintenance Expense. Operation and Maintenance Expenses shall not include any Project Costs. (tt) "Operation and Maintenance Management Fee" means a fee of five percent (5%) of the amounts (other than that portion of the Annual Operation and Maintenance Expense Requirement consisting of the Operation & Maintenance Management Fee and fines imposed by governmental regulatory authorities) budgeted for the Annual Operation and Maintenance Expense Requirement each year. (uu) "Operation and Maintenance Reserve Fund" means the fund in an amount adjusted annually 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 required hereunder. (vv) "Pass Through" has the meaning for that term as defined by 40 CFR 403.3(n). (ww) "Phase I of the System" means the facilities described as such in the Engineering Report. (xx) "Phase II of the System" means the facilities described as such in the Engineering Report. (yy) "Point of Entry" means a point at which Wastewater enters the System. (zz) "POTW" means publicly owned treatment works as defined in 40 CFR 405.5(a). (aaa) "Project Costs" means all acquisition, construction, reconstruction, rehabilitation, replacement and decommissioning costs as those terms are generally under- stood 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 cost of any Required Improvements; 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, construction, reconstruction or decommissioning of the System; tools and equipment required for the operation and maintenance of the System; costs of the same nature for any expansion, extension, enlargement, improvement, rehabilitation 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 (other than those incurred as a result of the gross negligence or willful 10 misconduct of LCRA or BRA), including all expenses incurred by LCRA or BRA in connection with any litigation or administrative proceedings of any nature whatsoever concerning the acquisition, construction, reconstruction or decommissioning 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. (bbb) "Repair and Replacement Reserve Fund" means the fund, to be established initially by LCRA, in an amount of not to exceed one -half of one percent (.5%) of the Project Costs expended at any given time or such other amount as LCRA and BRA, with the approval of the Technical Review Committee, may jointly determine to be appropriate given the age, condition and size of the System, and additional similar funds established by BRA or LCRA. (ccc) "Required Improvement" means any improvement, betterment, enlarge- ment, addition, repair, rehabilitation or replacement to any System Component (i) required to be installed or constructed by applicable governmental law, rule, regulation, order or similar requirement or (ii) needed to maintain the capability of the System to perform its intended function of providing adequate Wastewater service to the Customers in accordance with their rights under this Agreement. (ddd) "Reserved Capacity" means the total quantity of Wastewater that a Customer is entitled to deliver into any System Component during a specified period of time pursuant to this Agreement, or, alternatively, the percentage of capacity of a System Component that a Customer is entitled to utilize in any System Component pursuant to this Agreement, all as set forth in Exhibit B. (eee) "Round Rock" means the City of Round Rock. (fft) "Round Rock Regional System Assets" means the land, wastewater facilities and property rights transferred and to be transferred by Round Rock to LCRA pursuant to the terms of the RR/Alliance Acquisition Contract. (ggg) "RR /Alliance Acquisition Contract" means that certain "Agreement for Acquisition of Wastewater System Assets" between Round Rock and LCRA providing for the transfer of the Round Rock Regional System Assets. (hhh) "Significant Industrial Users" has the meaning for that term as defined by 40 CFR 403.3(t). (iii) "System" means all of the facilities constructed or acquired by LCRA or BRA for receiving, measuring, transporting, treating and disposing of Wastewater from the Customers in Phases I and II of the System as described in the Engineering Report, together with any Expansions or Required Improvements added by LCRA or BRA pursuant to this Agreement. 11 (jjj) "System Component" means a specified facility comprising part of the System and listed as a System Component in the Engineering Report. (kick) "Technical Review Committee" means the committee created by Article VI of this Agreement. (111) "Termination Agreement" means that certain "Agreement for Termination of Brushy Creek Regional Wastewater Disposal Agreement" dated effective September 19, 1994, and amended on September 18, 1995, and March 19, 1996, between Austin, Round Rock and the WCID, setting forth the terms and conditions for termination of the Wastewater Disposal Agreement and providing for certain other matters. (mmm) "Treatment Facilities" means any wastewater treatment and disposal facilities acquired or constructed by LCRA or BRA to comprise a part of the System, together with any extensions, improvements, expansions, betterments, rehabilitations or replacements thereof. (nnn) "Total Reserved Capacity" means the sum of the Reserved Capacities of all Customers in a particular System Component pursuant to this Agreement as set forth in Exhibit B. (000) "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. (ppp) "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. (qqq) "Wastewater Disposal Agreement" means the prior Wastewater Disposal Agreement, as amended, among Austin, Round Rock and the WCID. (rrr) "WCID" means the Brushy Creek Water Control and Improvement District No. 1 of Williamson and Milam Counties. (sss) "WCID System" means the former regional wastewater transportation and treatment system of the WCID. (ttt) "West Plant" means the plant purchased by LCRA which was formerly Round Rock's 3.0 MGD wastewater treatment plant and appurtenances as described in the Engineering Report.. 12 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 C.ONSTRIJCTION OF SYSTEM RY THE AT,LIANCF. Section 2.01. ALLIANCE RESPONSIBILITIES. (a) General. The System will be used for receiving, transporting, treating and disposing of Wastewater for the Customers. LCRA will design, acquire, construct, expand, extend, enlarge, improve and repair the System. BRA will operate and maintain the System, together with any facilities owned either by one or more Customers or by LCRA pursuant to this Article II. (b) ' System Acquisition and Construction. The System shall be implemented as described in the Engineering Report. LCRA shall exercise due diligence to complete acquisition and construction of the System as set forth in the Engineering Report and this Agreement. The Engineering Report may be amended and updated from time to time, with the unanimous approval of the Technical Review Committee, as provided in 6.02(k), to reflect final design and construction changes in the System and to reflect further actions and understandings of the parties pursuant to this Agreement. A copy of all amendments and updates to the Engineering Report will be provided promptly to the Customers. (c) Permits and Approvals. LCRA shall obtain and hold all permits and approvals required for acquisition, construction and ownership of System. LCRA and BRA jointly shall hold all permits and approvals for operation of the System granting to each party the legal authority to operate the System. lf, by virtue of regulatory, legal, financial or other requirements, it is necessary or appropriate that any 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. (d) Payment of Project Costs. LCRA agrees that the System will be part of the LCRA System and that LCRA will pay all Project Costs from sources utilized by LCRA for financing 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 an LIF Advance, or from Accumulated Coverage. Subject to the provisions of the Bond Resolutions or the resolutions authorizing and governing the LCRA Debt, LCRA and BRA agree that Accumulated Coverage shall inure to the benefit of the System and be used by LCRA or BRA solely for the purpose of paying future Project Costs. LCRA will 13 inform the Technical Review Committee of the source(s) of funds to be used to pay Project Costs, of the amortization and carrying costs, if appropriate, and the anticipated effect of same on the Annual Project Requirement. Funds in the Repair and Replacement Reserve Funds shall be used, when appropriate, to pay for repairs and replacements of the System Components in order to minimize the need for budget adjustments. LCRA shall use diligent efforts so that Project Costs incurred by LCRA and ultimately repaid by the Customers are reasonable and justified. (e) Construction by LCRA. Except in the case of Expansions which LCRA shall elect not to construct, all planning and construction provided to be done under this Agreement shall be done and paid for by LCRA as a Project Cost. In all cases where construction is to be done by LCRA, preliminary engineering memoranda, modifications and updates to the Engineering Report, all plans and specifications and substantive change orders therefor shall be submitted to BRA and the Technical Review Committee for comments and suggestions sufficiently in advance of the time when bids for the planned work are to be taken to allow BRA and the Technical Review Committee to make a thorough review thereof and all comments and suggestions from BRA and the Technical Review Committee 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 suggestions 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. (f) Construction by BRA. If LCRA should ever elect not to construct and pay for any Expansion, BRA may proceed to construct and pay for it. In the case of construction by BRA, LCRA and the Technical Review Committee shall have the same rights and privileges accorded to BRA and the Technical Review Committee, respectively, by the preceding subsection (e), except that BRA shall remain as the onsite inspector. Further, BRA shall have the same construction duties as set forth in subsection (h) below for LCRA. 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. (g) BRA and LCRA Distinct Obligations. 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. 14 (h) Construction Duties. LCRA will acquire and construct 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. LCRA will prepare plans and specifications for the System Component(s) to be constructed in Phase I as soon as possible and proceed to take all other action necessary to acquire or construct the System Compo- nent(s). After all such regulatory approvals have been obtained, LCRA shall proceed, as appropriate, to advertise for bids for construction of the remainder of the System Component(s). Upon receipt of such bids, LCRA shall tabulate the bids and notify BRA, the Customers and the Technical Review Committee of the bids which have been received and shall recommend approval of the lowest and best bid for the construction of the System Component(s). LCRA shall also notify BRA, the Customers and Technical Review Committee, based on such lowest and best bid, of the estimated Project Costs of the System Component(s) and the Funding Date for such Project Costs. LCRA may accept the lowest and best bid for the construction of the System Component(s). In determining whether or not to accept any such bid, LCRA shall consider advice and recommendations of BRA, the Customers and the Technical Review Committee, but the decision as to its acceptance shall be within the sole discretion of LCRA. Thereafter, LCRA will diligently construct the System Component(s). Section 2.02. ALLIANCE 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 the Customers and the Customers and Technical Review Committee are provided prior written notice of such modifications. Section 2.03. ACQUISITION AND CONSTRUCTION OF PHASE I OF THE SYSTEM. (a) Acquisition of Existing Assets. LCRA and the Customers agree to proceed as expeditiously as possible to consummate the remaining transactions contemplated in the RR/Alliance Acquisition Contract and the CP /Alliance Acquisition Contract. The parties anticipate that the Initial Funding for each of these contracts is, respectively, October 11. 1996, and April 30, 1997. (b) Construction of Remainder of Phase 1 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 Customers LCRA may, 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. LCRA will use diligent efforts to complete construction of line segments B3 to 135 of Phase I'of the System within eighteen (18) months after the Initial Funding of the purchase of the Cedar Park Regional System Assets, and the remaining portions of Phase 1 within twenty -four (24) months of that Initial Funding. These deadlines are excusable only for reasons of 15 Force Majeure or if, in the opinion of LCRA after review and recommendation of the Technical Review Committee, the process of obtaining necessary easements or right -of- way for the construction has become so burdensome as to justify a delay in order for the Project Costs to remain reasonable. If LCRA fails to complete these line segments within the respective times required above in this section, (i) LCRA, with the advice of the Technical Review Committee, may construct or acquire alternative System Components or services (either interim or permanent) to provide adequate and timely service to the Customers, or (ii) Cedar Park will have the right (but not the obligation) to construct these line segments using any funds available to them. If it elects to do so, Cedar Park will be entitled to retain ownership of any of these line segments which it constructs entirely and will have no obligation to sell, transfer or assign any interests in the line segments it owns to LCRA. In such event, Cedar Park will be entitled to utilize, on a non - exclusive basis, any easements that have been obtained by LCRA or BRA for these line segments without any charge. The parties shall cooperate to document any such non - exclusive rights, if necessary. (c) Notwithstanding anything in this Agreement to the contrary, the parties agree that: (1) Cedar Park shall have no obligation to make any payments to LCRA and /or BRA under this Agreement until such time as a construction contract for Line Segments B3 to B5 of Phase I of the System has been awarded and notice to proceed under the contract issued; provided, however, Cedar Park shall escrow the payments otherwise due to LCRA and /or BRA under this Agreement during such period of time and, upon award of such contract and issuance of notice to proceed thereunder, shall pay the escrowed amount to LCRA and BRA, together with any interest earnings thereon; (2) the contract for construction of Line Segments B3 to B5 of Phase I of the System will contain a requirement that construction is to be substantially completed by the contractor within nine months (or such other time as unanimously approved by the Technical Review Committee and LCRA) after issuance of notice to proceed, and the contract will include a provision for liquidated damages if the project is not substantially completed within said period. The amount of the liquidated damages shall be equal to the payments that would otherwise be owed by Cedar Park to LCRA and /or BRA for service under this Agreement between the time that the contract was to be substantially completed pursuant to its terms and the time that the contract is actually substantially completed, thereby making the liquidated damages payment equal to the payments which would otherwise be owed by Cedar Park under this Agreement and, therefore, such payments will not be owed by Cedar Park during the period of time that the contractor is in default for not having substantially completed construction timely. Accordingly, if the project is not substantially completed within nine (9) months as required, Cedar Park will have no obligation to make any payments to LCRA and /or BRA under this Agreement for the time period commencing nine (9) months from the date of 16 issuance of the notice to proceed and continuing until the project is substantially completed, and those payments will be totally abated. LCRA and /or BRA's sole recourse for the abated payments will be against the contractor for the project. (3) Beginning with the time provided in the construction contract for construction of Line Segments B3 to B5 of Phase I of the System to be completed, until the time that all of Phase II of the System is completed, Cedar Park shall be entitled to a minimum of .5 MGD (on a thirty day average) of Reserved Capacity in the Onion Branch Lift Station (to be obtained from Austin as part of the Cedar Park Regional System Assets) and related Downstream Collection System Components of the System. If, for whatever reason, .5 MGD of capacity is not available for Cedar Park's use in the Onion Branch Lift Station and related facilities, then LCRA, with the advice of the Technical Review Committee, shall construct or acquire alternative System Components or services (either interim or permanent) to provide adequate and timely service to Cedar Park in the amount of at least .5 MGD as provided herein. Section 2.04. CONDITIONS PRECEDENT TO CONSTRUCTION. The obligation of LCRA to acquire and construct the System shall be conditioned upon the following: (a) LCRA's obtaining sufficient funds to pay the Project Costs of Phase I of the System; (b) LCRA's ability to reasonably obtain all sites, rights -of -way, easements, labor, equipment and materials required for acquisition or construction of Phase I of the System; and (c) BRA's and LCRA's obtaining all permits, approvals and licenses required to acquire, construct or operate Phase I of the System, including waste discharge permits issued by the Commission and /or the EPA. The parties recognize that at the time this Agreement is being executed, LCRA has obtained a loan commitment from the Texas Water Development Board in an amount of approximately $44,000,000 for the System. LCRA has obtained approximately $26,000,000 of said funds from the Texas Water Development Board and agrees to use diligent efforts to consummate the closing of the remainder of said loan commitment and the acquisition of the remainder of said $44,000,000 of funds from the Texas Water Development Board for the System. Section 2.05. CONSTRUCTION OF PHASE It. (a) When appropriate to provide for continued service to the Customers, LCRA shall proceed diligently with design and construction of Phase II of the System. It is understood that LCRA, in its sole discretion, may determine whether to construct the Downstream Collection System portion of Phase II of the System with or without Reserved Capacity for anticipated future wastewater flows from Austin's Lake Creek watershed. Such determination shall affect the Customers' Reserved Capacities as set forth in the two alternative scenarios described on pages 1 -4 of Exhibit B. Until and unless LCRA 17 commences construction or acquisition of Phase II of the Downstream Collection System with capacity for anticipated future wastewater flows from Austin's Lake Creek watershed, it shall be conclusively presumed for all purposes of this Agreement that Phase II of the Downstream Collection System will not have capacity for anticipated future wastewater flows from Austin's Lake Creek watershed. LCRA shall commence preliminary design of all or any necessary portions of Phase II of the System to provide continuous and adequate service to the Customers from the System at the earlier of (i) such time as any Customer reaches flows in any three (3) consecutive months of at least thirty (30) percent of its Reserved Capacity in the System Component described as the "Onion Branch Lift Station" in the Engineering Report or (ii) Cedar Park's discharges from the Cedar Park Treatment Plant for any three (3) consecutive months are at least seventy -five (75) percent of the permitted capacity of the Cedar Park Treatment Plant. LCRA shall have commenced construction of all or any necessary portions of Phase II of the System to provide continuous and adequate service to the Customers from the System at the earlier of (i) such time as any Customer's flow over any three (3) consecutive months at the "Onion Branch Lift Station" shall average more than fifty (50) percent of the Customer's Reserved Capacity in the "Onion Branch Lift Station" or (ii) Cedar Park's discharges from the Cedar Park Treatment Plant for any three (3) consecutive months are at least ninety (90) percent of the permitted capacity of the Cedar Park Treatment Plant. LCRA shall have completed construction of the Upstream Collection System portion of Phase II of the System within twelve (12) months after commencement of construction of same and the Downstream Collection System portion of Phase II of the System within twenty -four (24) months after commencement of construction of same. If LCRA fails to complete Phase II within the required time as provided in this section, (i) LCRA, with the advice and approval of the Technical Review Committee, shall construct or acquire alternative System Components or services (either interim or permanent) to provide adequate and timely service to the Customers, or (ii) the Customer whose flows have necessitated the commencement of construction of Phase II of the System will have the right (but not the obligation) to construct Phase II of the System using any funds available to it. If it elects to do so, it shall be entitled to retain ownership of any portion of Phase II which it constructs entirely and will have no obligation to sell, transfer or assign any interest in any portion of Phase Il of the System it owns to LCRA. In such event, such Customer will be entitled to utilize, on a non- exclusive basis, any easements that have been obtained by LCRA or BRA for Phase II of the System without any charge. The parties shall cooperate to document any such non - exclusive rights, if necessary. (b) The parties further recognize that as set forth in Section 4.01(a)(ii), LCRA will need to acquire or construct other facilities, or capacity therein, in connection with that portion of the Downstream Collection System consisting of the Contract 6A Wastewater Interceptor Line in order to fully meet the obligation of LCRA hereunder to provide for the Reserved Capacities of the Customers in said System Component. The parties agree that LCRA's duty to acquire or construct such additional facilities, or capacity therein, shall be governed by the provisions of Section 2.06 of this Contract as if the same were an Expansion beyond Phase II, except that the seventy -five percent (75 %) and ninety percent (90 %) requirements shall relate to the total Reserved Capacities of all Customers in the Contract 6A Wastewater Interceptor Line as opposed to each individual Customer's respective Reserved Capacity in said System Component. 18 Section 2.06. EXPANSIONS BEYOND PHASE II. (a) Requests for Expansions. Any Customer may request that an Expansion of the System be made by LCRA. When the actual flow of Wastewater from a Customer reaches seventy -five percent (75%) of the Reserved Capacity of that Customer in a System Component, that Customer shall be deemed to have requested LCRA to commence planning and design for an appropriate Expansion, unless the Customer's anticipated growth does not warrant making the Expansion. When the actual flow of Wastewater from a Customer reaches ninety percent (90 %) of the Reserved Capacity of that Customer in a System Component, that Customer shall be deemed to have requested commencement of construction of an appropriate Expansion by LCRA, unless the Customer's anticipated growth does not warrant making the Expansion. Except as provided in Section 7.13, during the term of this Agreement, the Customers agree to request Expansions for all of their Wastewater service needs in their respective currently existing corporate and extraterritorial jurisdictions as depicted in the map contained in the Engineering Report as Figure 1. Any request shall be filed with LCRA and BRA in writing, with copies to the Technical Review Committee and each other Customer. For purposes of this section, LCRA's "corporate limits and extraterritorial jurisdiction" shall mean that part of Austin's corporate limits and extraterritorial jurisdiction in the Brushy Creek Watershed. (b) Construction by LCRA, BRA. Should any Customer request in writing, or be deemed to have requested, an Expansion, LCRA and BRA shall notify such Customer and the other Customers and the Technical Review Committee in writing within forty -five (45) days as to whether either is willing to construct the Expansion. If LCRA or BRA constructs the Expansion, upon completion of construction the Expansion will be part of the System, the Reserved Capacity of the Expansion will be reserved for the Customer and the Annual Project Requirement attributable to the Expansion shall be charged to the Customer in its Capital Charge. In the event more than one Customer participates in an Expansion, the Reserved Capacity and Annual Project Requirement shall be divided pro rata between the participating Customers. (c) Construction by Customer(s). If neither LCRA nor BRA is willing to construct the Expansion, the requesting Customer may construct the Expansion. LCRA and BRA will fully cooperate with the constructing Customer(s) in efforts to obtain necessary governmental and regulatory approvals and permits and will use their best efforts to provide assistance in this regard, which shall be paid for solely by the requesting Customer(s), shall be owned by it, and shall not be part of the System. (d) General. In any event, the preparation of plans and specifications, and the receipt and acceptance of bids for construction shall be subject to the same requirements contained in this Article II 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. Such construction shall be under the supervision of LCRA and onsite inspection shall be provided by BRA. 19 Section 2.07. CONSTRUCTION OF REQUIRED IMPROVEMENTS. At such time as LCRA or BRA shall determine that construction of Required Improvements is necessary 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 or 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 to the Technical Review Committee of its intention to proceed with construction of such Required Improvements. Thereafter, the Required Improvements will be constructed by LCRA as otherwise provided for Expansions and in accordance with the requirements of Section 2.01(h), to the extent applicable. Section 2.08. LCRA RIGHT TO RESERVED CAPACITY. LCRA shall be considered a "Customer" for all purposes of this Agreement for that part of the Reserved Capacity referenced in Section 4.01 and shown in Exhibit B as being reserved for LCRA. The parties recognize and contemplate, however, Austin's joining the System in the future and acquiring LCRA's Reserved Capacity at that time. In that regard, the parties agree to reasonably cooperate to try to obtain Austin's agreement to enter into an agreement with the parties hereto substantially the same in all material respects to this Agreement and any corresponding agreement in which LCRA would purchase regional wastewater system assets. In addition, LCRA may sell all or any part of its Reserved Capacity to any other entity or may use its Reserved Capacity for any other lawful purpose. In the event LCRA sells all or any part of its Reserved Capacity to another entity under an agreement substantially similar to this Agreement, BRA and the other Customers agree that LCRA will be released from all, or an appropriate part, of its obligations as a Customer with respect to the sold Reserved Capacity provided the other entity assumes such released obligations. LCRA shall provide written notice to BRA and the other Customers, signed by LCRA and the party to whom the Reserved Capacity is being transferred, specifying the amount of transferred Reserved Capacity and the affected System Component(s), and providing that the parties otherwise ratify and confirm their pre - existing obligations under this Agreement. No such transfer shall be effective until and unless such notice is provided. Section 2.09. DEPOSITS ON FUNDING DATES. After LCRA or BRA, as appropriate, obtains all funds related to Funding on the Funding Date for Phase I, Phase 11 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 and the one -half of one percent (1/2 %) of Project Costs necessary to fund the Repair and Replacement Reserve Fund. 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. 20 Section 3.01. OPERATION. ARTICLE III OPF :RATION OF SYSTF,M RY BRA (a) General. The System, together with any facilities owned either by one or more Customers or LCRA pursuant to Article II of this Agreement, shall be operated by BRA; provided that LCRA will provide certain management, bookkeeping, billing and similar services for the System. As the transactions in which LCRA is acquiring the assets of the System are closed, pocsession 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 the System shall be made available to BRA as same become useful in operation of the System. BRA will operate the System, together with any facilities owned either by one or more Customers or LCRA pursuant to Article II of this Agreement, 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's obligation for operation of facilities delivered to its possession under the provisions of this Agreement shall begin after a reasonable transition period to allow orderly transfer of operational responsibility from previous operators, in the case of existing facilities, and orderly start up in the case of newly constructed facilities. (b) Initiation of Service to Customers. LCRA and BRA have commenced operation of the System and service to Round Rock already. The obligations of BRA to provide service initially to Cedar Park are conditioned upon consummation of the CP /Alliance Acquisition Contract in accordance with the provisions thereof and completion of construction of Phase I. Section 3.02. COMPETITIVE BIDS. Costs to Customers for Operation and Maintenance Expenses shall be of primary importance to BRA. BRA shall use diligent efforts so that Operation and Maintenance Expenses incurred by BRA and ultimately repaid by the Customers are reasonable and justified. If specifically requested to do so by the Technical Review Committee, BRA shall seek competitive bids or proposals from others to provide day -to -day operation of the System or any Component thereof for specific periods not to exceed five (5) years in length at the following times: (a) (i) If the System or such component is being operated for the owner under contract with a private operator when BRA assumes management under this Agreement, prior to termination of the private operator; or (ii) If the System or such component is not being operated for the owner by a private operator under contract at the time when BRA assumes management, prior to assumption of operation by BRA; and 21 (b) At the end of every period of operation by a private operator or at the end of five (5) years of operation by BRA. Before competitive bids or proposals are taken, BRA shall make a written estimate of the cost of the process of taking bids or proposals and shall furnish such written estimate to the Technical Review Committee. BRA will proceed with the steps necessary to take competitive bids or proposals only after written approval of such estimate from the Technical Review Committee. Provided that such written approval is obtained, the cost of the process of taking such competitive bids or proposals shall be and become an Operation and Maintenance Expense. When competitive bids or proposals are taken pursuant to this Section 3.02, BRA may submit its own proposal for the day -to -day operation of the System or such component thereof with its own employees. Promptly after such competitive bids or proposals are received, same shall be submitted to the Technical Review Committee for evaluation. The Technical Review Committee shall provide to the Board of Directors of BRA its advice as to which of the bids or proposals will result in the most efficient and cost effective set to the Customers. After receiving and considering such advice, the Board of Directors shall determine which of such bids or proposals shall be accepted. The determination shall be based on the Board's reasonable judgment as to which will result in the most efficient and cost effective service to the Customers. If the bid to be accepted is from a bidder other than BRA itself, BRA shall contract with the bidder on the basis of the bid for day - to-day operation of the System or such component for a period established by BRA not to exceed five years. If it is that of BRA itself, BRA shall conduct day -to -day operation of the System or such component on the basis of its own bid until the next occasion on which competitive bids or proposals are taken under this Section 3.02. 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 Operation & Maintenance Management Fee shall be remitted to BRA by LCRA within one working day after receipt of any corresponding Flow Charges by LCRA or as otherwise agreed between BRA and LCRA. Section 3.04. OPERATION & MAINTENANCE MANAGEMENT FEE. The Operation & Maintenance 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; provided that LCRA may retain for its use the portion of the Operation & Maintenance Management Fee related to Operation and Maintenance Expenses paid by LCRA. Section 3.05. COOPERATION DURING MAINTENANCE OR EMERGENCY. Customers will cooperate with BRA during periods of an emergency or required maintenance of the System 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 the System's facilities, the restoration of service, and the protection of the public health, safety, and welfare. BRA will attempt to provide the Customers reasonable notice under the circumstance of the 22 actions to be undertaken by BRA and cooperate to try to minimize inconvenience to the Customers. ARTICLE IV RESERVED CAPACITY AND DISCHARGE OF WASTEWATER Section 4.01. DISCHARGE QUANTITIES. (a) Initial Reserved Capacities. (i) Except as provided below in subsection (a)(ii), each Customer, respectively, shall have the exclusive right to discharge Wastewater into the System to the extent, and by utilizing, its Reserved Capacity in each System Component as described in Exhibit B. Except as provided below in subsection (a)(ii), no Reserved Capacity may be allocated to or used by anyone other than the Customer on whose behalf that capacity has been reserved, unless the affected Customer specifically agrees in writing to the allocation or use. (ii) Notwithstanding the above two sentences, it is specifically recognized by the parties hereto that the portion of the Cedar Park Regional System Assets and Round Rock Regional System Assets contemplated to be acquired by LCRA from Austin at the Initial Fundings may be insufficient to permit LCRA, after the Initial Fundings, to enable all of the Customers to have access to all of their respective Reserved Capacities in that portion of the Contract 6A Wastewater Interceptor Line. The parties agree that any Customer may discharge its Wastewater through the Contract 6A Wastewater Interceptor Line in amounts up to its respective Reserved Capacity in said line and so long as the total Reserved Capacity of the Contract 6A Wastewater Interceptor Line of all Customers is not exceeded. . (b) Transfer of Reserved Capacity. Any Customer may transfer any portion of its Reserved Capacity in one or more System Components to another Customer, BRA, LCRA, or another entity in exchange for such consideration as the parties to such transfer shall deem appropriate. The parties making any such transfer shall provide written notice to LCRA, BRA and the other Customers, signed by the parties accomplishing the transfer, specifying the amount of transferred Reserved Capacity and the affected System Component(s), and providing that the parties otherwise ratify and confirm their pre- existing obligations under this Agreement. No such transfer shall be effective until and unless such notice is provided. A transfer of Reserved Capacity shall not change any payment or other obligations of the Customers, BRA or LCRA, unless agreed to by all parties hereto. (c) Documentation of Transferred Reserved Capacity In System Components. In the event that Reserved Capacity is transferred LCRA shall cause a written addition to be made to Exhibit B describing such transfer and setting forth the revised Reserved Capacity of each Customer in such new System Component(s). 23 (d) Notice of Use of Reserved Capacity. At least once each year, BRA shall notify the Technical Review Committee of the level of usage by each Customer of its Reserved Capacity in each System Component if BRA has such information. BRA, LCRA or any Customer may, but none shall have any duty to, enforce or restrict the discharge of Wastewater by any Customer to its Reserved Capacity. Section 4.02. POINT(S) OF ENTRY. The parties recognize that at this time they are unable to designate specific Points of Entry for each Customer. Each Customer shall discharge its Wastewater at a Point or Points of Entry to be designated for each Customer in an amendment to the Engineering Report to be mutually agreed upon by BRA, LCRA and any Customer utilizing such Point of Entry as design of the System progresses. It shall be the sole responsibility of each Customer to convey its Wastewater to the Point or Points of Entry. Section 4.03. RATE AND QUANTITY AT POINT(S) OF ENTRY. The rate and quantity of Wastewater discharged into the System at the Point or Points of Entry by each Customer shall be metered unless otherwise agreed by all parties to this Agreement. 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' Reserved Capacities. Each Point of Entry shall be designed to accept discharges at a maximum rate to be agreed upon by BRA, LCRA and the Customers as design of the System progresses and stated in an amendment to the Engineering Report, and no Customer shall ever make discharges into the System at such Point of Entry at a rate exceeding such agreed design rate. Section 4.04. DISCHARGE QUALITY. The Customers shall have the right to discharge Wastewater into the System meeting the requirements of quality as set forth in this Article and not containing wastes identified in the List of Inadmissible Wastes attached as Exhibit C of this Agreement. (a) General Requirements. In order to permit BRA to properly treat and dispose of the Customers' Wastewater; to protect the public health; and to permit cooperation with other agencies which have requirements for the protection of the physical, chemical, and bacteriological quality of public water and water courses, each Customer agrees to prohibit discharge into the System at unauthorized points of entry or at rates of flow or of quality not herein specified as admissible. (b) Admissible Wastes. Discharges into the System shall consist only of waste which the System is capable of handling: (1) so that the effluent and sludge from the System meets the current legal standards of the EPA, the Commission or any governmental body having legal authority to set standards for such effluents; (2) without causing damage to the System which would result in increased maintenance costs; 24 (3) without causing excessive treatment costs; and (4) which meets the requirements of the EPA Pretreatment Regulations, 40 CFR Part 403, the Customer's applicable ordinances and the EPA - approved pretreatment program for the System. (c) Inadmissible Wastes. A List of Inadmissible Wastes promulgated by BRA is attached hereto as Exhibit C. EPA and the Commission periodically modify standards on prohibited discharges; therefore, revisions to, additions to or deletions from the items listed in this Section will become nerPssary to comply with these latest standards. It is the intention of this Agreement that prohibited discharge requirements be reviewed periodically by BRA and that Exhibit C be revised by BRA in accordance with the latest standards of EPA, the Commission or federal or state agency having regulatory authority over the discharges made to the System. Exhibit C may also be revised on the basis of changes in the treatment process or the general character of wastewater received at the treatment works or indicated ih the monitoring data collected pursuant to the System pretreatment program. Any required revisions shall be made by BRA only after notice and opportunity to comment has been provided to LCRA, the Customers and the Technical Review Committee and shall become effective upon written notice thereof being given to LCRA, the Customers and the Technical Review Committee. Each Customer shall be responsible for integrating such changes into its local sewer use ordinances and notifying all affected users of the change. Section 4.05. REGULATIONS. Discharges to the System shall be governed by the requirements set forth in the EPA pretreatment regulations, Commission pretreatment regulations, the List of Inadmissible Wastes, the System pretreatment program and the Customers' respective sewer use ordinances. Periodically, BRA will promulgate a new List of Inadmissible Wastes, Exhibit C, of this Agreement, in response to changes in federal or state requirements, changes in the treatment process, or the general character of the wastewater received at the treatment works, as described in Section 4.04(c) above. The List of Inadmissible Wastes will contain pollutant allocations to each Customer. Each Customer is responsible for developing specific local limits from the pollutant allocations and enforcing these limits through the Customers' ordinances and sewer use permits. Section 4.06. INDUSTRIAL WASTES. Each Customer agrees to implement and enforce the System pretreatment program for all areas receiving sanitary sewer service from the Customer. Each Customer also covenants that it will have in effect and will enforce a sewer use ordinance in accordance with EPA and Commission regulations or regulations of other governmental agencies having lawful jurisdiction to set standards for waste discharges. Furthermore, each Customer shall, at any reasonable time upon request by BRA, produce pretreatment program records for review. 25 Each Customer also agrees that no new Significant Industrial User shall be allowed to connect to the Customer's sewer system without prior notification being given by the Customer to BRA of the intent to connect. The Customer will provide BRA with a copy of the draft sewer use permit and permit application at the time such notification is given. All Significant Industrial Users that are customers of a Customer and located outside the Customer's city limits will also be required to obtain a sewer use permit. BRA will be responsible for treatment plant monitoring and reporting as required by the EPA and the Commission. All additional responsibilities not mentioned in this Agreement are outlined in the EPA - approved System pretreatment program which may be amended from time to time. Section 4.07. 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 the Article IV 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 4.08. RESPONSIBILITY FOR TREATMENT AND DISPOSAL OF WASTE- WATER. Responsibility for 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, responsibility shall, except as provided below, pass to BRA, which 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. Section 4.09. METERING. LCRA will furnish and install as a Project Cost, 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 shall have arcpss to such metering equipment at all reasonable times for inspection and examination. The reading, calibration and adjustment of meters shall be done by employees or agents of BRA after two (2) working days notice to the Customers and in the presence of a representative of any Customer if requested by the 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 and LCRA. Upon written request any 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, in 26 the presence of a representative of the requesting party. 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 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 during any period when a check meter may be used under specific written consent by BRA. 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 installing same. Section 4.10. UNIT OF MEASUREMENT. The unit of measurement for Wastewater delivered hereunder shall be one thousand (1,000) gallons, U.S. Standard Liquid Measure. ARTICLE V SYSTEM AIJDGF.TS AND CHARGES Section 5.01. ESTABLISHING BUDGETS AND CHARGES. (a) Initial Proposals. As soon as reasonably possible during the first partial Fiscal Year and not less than one hundred five (105) days before commencement of each Fiscal Year thereafter while this Agreement is in effect, BRA shall furnish to LCRA a detailed estimate of expenses or costs projected to be incurred by it in the next ensuing Fiscal Year which it deems properly includable in the Annual Project Requirement for such next following Fiscal Year and LCRA shall furnish to BRA a detailed estimate of expenses or costs projected to be incurred by it in such next ensuing Fiscal Year which it deems properly includable in the Annual Operation and Maintenance Expense Requirement for such next following Fiscal Year. Copies will be provided to the Technical Review Committee. As soon as reasonably possible during the first partial Fiscal Year and not less than seventy-five (75) days before 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 Technical Review Committee and each Customer the tentative budgets for Annual Project Requirement and Annual Operation and Maintenance Expense Require- ment and corresponding proposed Capital Charges and Flow Charges for the System for the next ensuing Fiscal Year. (b) Approval of Budget if No Protest. If no protest or request for a hearing on such tentative budgets and proposed Capital Charges and Flow Charges is presented within thirty (30) 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 27 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. (c) Procedures for Protested Budget. 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 Technical Review Committee, and all 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. (d) General. Subject to the provisions of the resolutions authorizing LCRA debt, all interest income earned by the investment of any funds created in the Bond Resolution or any other funds related to the System (with exception of the Operation and Maintenance Reserve Fund) shall inure to the benefit of the System and be taken into account in determining the Budgets. BRA and LCRA shall consult with each other regarding the use of the Repair and Replacement Fund and LCRA shall use the moneys from the Repair and Replacement Fund to pay costs of repairs or replacements of the System which are such that they should be spread over a number of years rather than included as a part of the Operation and Maintenance Expense in a single year. Any such duties and responsibilities performed in response to this Agreement not specifically described herein as the role of LCRA or BRA shall be decided by the two parties as they occur and the related costs thereof included in Project Costs or Operation and Maintenance Expense, as applicable. (e) BRA and LCRA Relations. 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 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 reasonably determines that the budget or charge finally adopted by the other entity requires modifica- tions, 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 reasonably required and notify the other entity and all 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. Should LCRA be the mandated entity with respect to any item of Operation and Maintenance Expense budgeted by BRA to be paid by BRA and should it effectively 28 exercise its rights as the mandated entity to make any modification in the amount of such item budgeted by BRA, BRA may, upon ninety (90) days written notice to LCRA, Customers and the Technical Review Committee, surrender and transfer to LCRA its rights and obligations with respect to Operation and Maintenance of System pursuant to this Agreement. Upon the delivery of such notice, LCRA shall, at the expiration of such ninety (90) day period, succeed to the rights and obligations provided herein for operation and maintenance of the System by BRA and BRA shall have no further rights or obligations hereunder, except that its rights with respect to collection of Capital Charges resulting from Project Costs theretofore incurred by BRA shall not be affected and LCRA shall pay it for all Operation and Maintenance Expense incurred by it up to and including the time of termination of its rights and obligations provided herein, together with the costs incurred by it in effecting termination, which termination costs shall constitute Operation and Maintenance Expense. Section 5.02. CUSTOMER DISPUTES. The Customers retain such rights as they may possess under applicable law to seek review of the reasonableness of LCRA's or BRA 's charges under this Agreement by the Commission. 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. 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 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 Annual Project Requirement and the Annual Operation and Maintenance Expense Requirement permitted hereunder as the same may be modified by final effective order of an administrative agency or court of appropriate jurisdiction; provided, however, nothing herein shall ever be construed to prevent LCRA or BRA from recovering from the Customers the amount required to meet the Annual Project Requirement hereunder. 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 5.03. CHANGES FROM NEW CUSTOMERS, EMERGENCIES AND LEGAL ACTION. 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 if, during a Fiscal Year: (i) new customers are added to the System by agreement of the Customers, BRA and LCRA; (ii) unanticipated emergency Project Costs or Operation and Mainte- nance Expenses are experienced; or (iii) an adjustment is necessitated by regulatory requirement. 29 Section 5.04. CAPITAL CHARGES. (a) General. On or before the twentieth day of each month, every•Customer shall pay its Capital Charge. 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 in the manner set forth in subsection (b) below, which the Customers, LCRA and BRA believe is a reasonable basis upon which to allocate said costs. Notwithstanding anything in this Agreement to the contrary, in all circumstances, the sum of the Capital Charges paid by all Customers shall equal one hundred percent (100 %) of the Annual Project Requirement. (b) Allocation of Annual Project Requirement. The Annual Project Requirement will be allocated among Customers in two steps: (i) The Annual Project Requirement will be functionalized between Treatment Facilities, Downstream Collection System and Upstream Collection System in proportion to LCRA's and BRA'S cumulative Project Costs in each. LCRA's continuing property records will be used for cost functionalization. Project Costs not directly attributable to one of the three categories will be functionalized among the three categories in proportion to the Project Costs directly functionalized to those categories. (ii) (A) The Annual Project Requirement - Treatment Facilities will be allocated among the Customers in proportion to the Customers' Reserved Capacities (as shown in Exhibit B). The resulting proportions of the Annual Project Requirement to be allocated to each Customer for each year are also shown on that Exhibit B. The resulting percentages are also shown on that Exhibit. (B) The Annual Project Requirement - Downstream Collection System will be allocated among the Customers in proportion to their Contractual Flows in Year 2036 as shown on Exhibit B. The resulting percentages are also shown on that Exhibit. Until and unless LCRA commences construction or acquisition of Phase II of the Downstream Collection System with capacity for anticipated future Wastewater flows from Austin's Lake Creek watershed, it shall be conclusively presumed for purposes of this subsection that the Downstream Collection System will not have capacity for anticipated future Wastewater flows from Austin's Lake Creek watershed. (C) The Annual Project Requirement - Upstream Collection System will be allocated between the Customers in proportion to the Customers' Contractual Flows into only the Upstream Collection System in year 2036 as shown on Exhibit B. The resulting percentages are also shown on that Exhibit. 30 (c) 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, except at otherwise provided in Section 2.03(c)(1) and (2), 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. Except as otherwise provided in Section 2.03(c)(1) and (2), 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, recoupment 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, except as otherwise provided in Section 2.03(c)(1) and (2), 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 or BRA for the System. Such additional agreements shall in all respects be consistent with the requirements of this Agreement regarding the payment of the Capital Charge and Flow Charge by the Customer. (d) The preceding paragraph shall not be construed to release BRA or LCRA from the performance of any of their undertakings 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. (e) The parties recognize the unique status of development of Cedar Park's utility system which is not as developed as that of Round Rock. Because of this, all parties have agreed to cooperate to attempt to structure repayment of the Project Costs in the first five years of this Agreement so as to minimize the potential for unplanned retail rate adjustments by Cedar Park. Accordingly, LCRA agrees to use diligent and prudent efforts to amortize the Project Costs for Phases I and II of the System in a manner and over a period that results in total costs of regional service to Cedar Park in the first Live full years of the project in amounts no more than: 31 FY 1998 $400,000 FY 1999 $450,000 FY 2000 $615,000 FY 2001 $850,000 FY 2002 $1,100,000 (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 D hereto. (g) As described in Exhibit B, Round Rock will be responsible for paying for the Flow Charges and Capital Charges related to Wastewater service to Austin for Brushy Creek Municipal Utility District and Fern Bluff Municipal Utility District for Fiscal Years 1997 -2000 and LCRA will be responsible for paying for those charges after Fiscal Year 2000. Section 5.05. FLOW CHARGES. Each 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 Sections 5.01 and 5.02, (i) before the Initial Funding Date and (ii) before the first day of each Fiscal Year thereafter, BRA shall estimate and Budget the Annual Operation and Maintenance Expense Requirement for the period between Initial Funding Date and August 31, 1997, in the case of that period, and for the following Fiscal Year in the case of each subsequent Fiscal Year. In the case of each annual Operation and Maintenance Expense budget made after the availability of the annual report required by the provisions of Section 7.13, 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 annual report and that estimated for the previously reported period. The monthly Flow Charge for each 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 1 by the number of complete calendar months between the Initial Funding Date and August 31, 1997) of the amount calculated by multiplying the actual flows of Wastewater from such party's collector system into the System during the twelve (12) month period ending on April 30 preceding the beginning of the Fiscal Year for which the calculation is being made, expressed in thousands of gallons, by the quotient obtained by dividing the estimated Annual Operation and Maintenance Expense Requirement 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 during the twelve (12) months period ending on such April 30. In the initial Fiscal Year of service, the allocation of the 32 Operation and Maintenance Expenses among the Customers shall be based on projected flows as follows: Cedar Park - 0 gallons, and Round Rock - 2,343,700,000 gallons. Section 5.06. 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 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 twentieth 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 5.07. DEFAULT. (a) Monetary Defaults by Customers. In the event any Customer defaults in the payment of the Capital Charge or Flow Charge required hereunder, BRA and LCRA shall immediately give notice of such default to such Customer and other 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 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. (b) Other Defaults by Customers. BRA and I.CRA. In the event that any Customer or BRA or LCRA defaults in the performance of any of their respective obligations under this Agreement, other than the obligation to make payments of the Capital Charge or Flow Charge, any of the non - defaulting parties, after giving reasonable notice of the default and opportunity to cure same, may exercise any remedy provided below in Article VIII. 33 Section 5.08. CAPITAL MANAGEMENT FEE. It is agreed between the parties that, in addition to all other compensation or reimburse- ment authorized and required to be made by the Customers as otherwise provided in this Agreement, LCRA, or BRA as appropriate, shall receive a fee in the total aggregate amount from all Customers of five percent (5 %) of the portion of the Annual Project Requirement (exclusive of that portion of the Annual Project Requirement consisting of the Capital Management Fee and coverage as described in Section 1.01(k)(iii)) 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, or BRA as appropriate, 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, or BRA as appropriate, from such fee may be used for any lawful purpose. Provided further, however, that if BRA pays the Project Costs which result in receipt of Annual Project Requirement repayments by the Customers, that part of the five percent (5 %) Capital Management Fee shall be remitted by LCRA to BRA. ARTICLE VI TF.CHNICAI. REVIEW COMMITTEE Section 6.01. COMPOSITION OF TECHNICAL REVIEW COMMITTEE. There is hereby created an Technical Review Committee to be composed of the following: (a) Two representatives appointed by Cedar Park; and (b) 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 Technical Review 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 Technical Review Committee. Section 6.02. RESPONSIBILITY OF TECHNICAL REVIEW COMMITTEE. The Technical Review Committee shall represent the individual and collective interests of Customers and shall 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 or refunding thereof; (b) The operation and maintenance of the System; 34 (c) The addition of new customers to the System and the terms and conditions of the agreements with such new customers consistent with the provisions of this Agreement; (d) Review of the budgets, prior to submission to the Boards of Directors of BRA or LCRA; (e) Review of the annual reports of the System; (f) Improvements to and Expansions of the System; (g) Review of the funding and use of the Operation and Maintenance Reserve Fund and the Repair and Replacement Reserve Fund; (h) Consideration of whether BRA should solicit proposals or bids for operation of the System; (i) Review and provide recommendations regarding proposals for operation of the System; (j) Review and make suggestions regarding proposals submitted to LCRA and BRA for engineering services related to the System; (k) Changes to the Engineering Report (which shall not be made by BRA and LCRA without unanimous approval by the Technical Review Committee); and (1) Any other pertinent matters relating to the management of the System. The Technical Review Committee shall meet at regular intervals to review progress of construction of the System and the ongoing operation of the System. The Technical Review 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. The Technical Review Committee shall be diligent, prompt and timely in reviewing and commenting on matters submitted to it. The Customers recognize that the activities of the Technical Review Committee are an important function of the operation of the System and authorize payment of all expenses and charges associated therewith. ARTICLE VII CF.NF.RAL PROVISIONS Section 7.01. NO TAX OBLIGATION 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 35 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 7.02. 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 sanitary sewer 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 sanitary sewer systems. The parties acknowledge that, to the extent each Customer has Reserved Capacity in any System Component, LCRA and BRA intend to own and operate the System as capital improvements on behalf of that Customer within the meaning of Section 395.002(1), Texas Local Government Code. The parties understand and agree that the decision as to whether the capital improvements constructed or acquired by LCRA and BRA on behalf of a Customer are used to serve new development (within the meaning of Section 395.001(6), Texas Local Government Code) and the decision as to whether to impose any impact fees (within the meaning of Section 395.001(4), Texas Local Government Code) is exclusively that of such Customer. Section 7.03. CUSTOMER RATES, FEES AND CHARGES. BRA and LCRA acknowl- edge that each Customer has the right under applicable law to assess, charge and collect such Customer impact fees, capital recovery fees, connection fees, meter fees, or other service fees, rates, taxes or other charges as it will deem appropriate. They will not construe this Agreement to require (except as provided otherwise in this Section), limit or restrict the governmental power of any Customer to implement the same. Each Customer will be solely responsible for the proper exercise of its governmental power to assess and collect such fees and charges and for ensuring that all fees, taxes, rates and charges Customer elects to charge are in compliance with applicable law. Each Customer agrees to establish and collect such rates and charges for its waterworks and sanitary sewer 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 sanitary sewer systems. Section 7.04. 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 Phases I and II 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 36 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 7.05. 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, insurrec- tions, 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 7.06. INSURANCE. BRA and /or 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 that BRA and LCRA need not carry liability insurance except to insure against risk of Toss 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 /or LCRA from providing such insurance through self- insurance, self - insurance pools or similar methods. Section 7.07. GOVERNMENTAL REGULATION. 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. 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. BRA, LCRA and the Customers agree that their obligations under this Agreement shall include compliance with the requirements made under said laws, and any rules and regulations issued pursuant thereto. New 37 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 7.08. CUSTOMER COOPERATION TO ASSURE REGULATORY COMPLIANCE. Since BRA and LCRA must comply with all federal, state and local requirements to obtain permits, grants and assistance for system construction, studies, etc., each Customer will cooperate with BRA and LCRA in good faith at all times to assure compliance with any such governmental requirements where noncompliance or non - cooperation by the Customer may subject BRA and LCRA to penalties, loss of grants or other funds, or other adverse regulatory action. In making the determinations called for herein, BRA and LCRA covenant that such determinations will be made only after informing the Technical Review Committee, 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 will be kept advised at all times of planning and implementing Required Improvements. In that regard, each Customer agrees to adopt and enforce, and to provide in its wholesale contracts with its water customers in the future that they shall adopt and enforce, an appropriate water conservation and /or drought management plan as required by the Texas Water Development Board as a result of its loan of funds to LCRA for construction and acquisition of the System. Section 7.09. 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. Initially, within thirty (30) days after execution of this Agreement, and thereafter for each calendar year during the tenure hereof, each Customer will send to LCRA and BRA by January 15 of each year an annual report containing the following data about each Customer's customers that the System ultimately serves: (1) actual number of connections as of the end of the calendar year; (2) number of new wastewater connections made in the previous calendar year; (3) classification, by number and percentage, of accounts according to the following: (i) residential; (ii) multi- family; (iii) business /commercial; and (iv) other; and 38 (4) if business or commercial connections, a copy of any Customer industrial waste discharge permit issued to such premises. (b) BRA and LCRA shall have the right to enter into agreements with other persons so long as such agreements do not prevent BRA or LCRA from meeting their obligations to provide service to the Customers from the System in accordance with this Agreement. Section 7.10. NON - INFRINGEMENT. Notwithstanding anything in Section 7.09, the Customers, BRA and LCRA agree that they will not provide or enter into an agreement to provide wastewater service directly or indirectly within another Customer's corporate limits or extraterritorial jurisdiction as the same may exist from time to time unless the other Customer consents. For purposes of this section, LCRA's "corporate limits or extraterritorial jurisdiction" shall mean that part of Austin's corporate limits and extraterritorial jurisdiction in the Brushy Creek watershed. Section 7.11. SALE OR TRANSFER OF SYSTEM; CUSTOMERS' RIGHT OF FIRST REFUSAL. (a) As the System will constitute a portion of the LCRA System, LCRA has covenanted in the Bond Resolution and in the resolutions authorizing and governing the outstanding LCRA Debt that it will not sell, lease or otherwise dispose of the System (or any other LCRA System properties) required, in the reasonable judgment of the LCRA Board of Directors, for the efficient operations of the LCRA System and the sale or disposal of which would cause a breach of LCRA's covenants to secure its outstanding LCRA Debt. The Customers acknowledge that any transfer or sale of the System to the Customers will require the LCRA Board of Directors to determine that the System is no longer required as described above, and further, that the System is no longer necessary or convenient or of beneficial use to the business of LCRA. The approval of any such transfer or sale shall be in the sole discretion of the LCRA Board of Directors at the time - of any such proposed transfer or sale. (b) Should LCRA or BRA desire to transfer the System or any portion thereof to any other person (other than a subsidiary or affiliate of LCRA or BRA), it shall first give one hundred eighty (180) days written notice to the Customers setting forth the terms of the proposed transfer. The Customers collectively, shall have the right of first refusal at any time during said one hundred eighty (180) day period to enter into an agreement with LCRA or BRA to purchase the System or portion thereof proposed to be transferred on the same terms as the proposed transfer. Section 7.12. LCRA RIGHT OF FIRST REFUSAL TO PURCHASE CEDAR PARK TREATMENT PLANT. Cedar Park hereby grants to LCRA a right of first refusal to purchase the Cedar Park Treatment Plant during the term of this Agreement. If, during the term of this Agreement, Cedar Park desires to transfer the Cedar Park Treatment Plant or any portion thereof to any other person (other than a subsidiary or affiliate of Cedar Park), it shall first give one 39 hundred eighty (180) days written notice to LCRA setting forth the terms of the proposed transfer. LCRA shall have the right of first refusal at any time during said one hundred (180) day period to enter into an agreement with Cedar Park to purchase the Cedar Park Treatment Plant or portion thereof proposed to be transferred on the same terms as the proposed transfer. Section 7.13. EXPANSION OF CEDAR PARK TREATMENT PLANT. Cedar Park agrees not to expand the Cedar Park Treatment Plant during the term of this Agreement, provided that all Wastewater capacity required by Cedar Park (i) is available from the System (including any Expansions) more economically than a plant expansion and (ii) can be provided in the System within the timeframe required by Cedar Park. Economics and timing will be determined by Cedar Park, in its sole discretion. If Cedar Park determines that the conditions set forth in (i) or (ii) above cannot be met, Cedar Park will have the right to expand the Cedar Park Treatment Plant within the limits of and pursuant to the existing permit for that plant and the other Customers, LCRA and BRA agree not to oppose or resist that expansion in any way. Cedar Park will further have the right to continue to operate the Cedar Park Treatment Plant and, in the event of annexation of Block House Municipal Utility District, the Block House Creek treatment plant, and to maintain in effect and to renew the existing discharge permits for those plants, TNRCC Permit No. TX0085740 and NPDES Permit No. 12308 -001 for the Cedar Park Treatment Plant, and TNRCC Permit No. 13031-001 and NPDES Permit No. TX 0101397 for the Block House Creek treatment plant. The other Customers, LCRA and BRA agree not to oppose or resist in any way (i) renewal of those permits or (ii) amendments which would make the permit parameters more stringent. Section 7.14. ANNUAL REPORT OF SYSTEM AND AUDITS. BRA and LCRA shall cause to be prepared an annual report 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 Technical Review 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 other and to each Customer, and the Technical Review Committee. Section 7.15. 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. Section 7.16. ADDRESSES AND NOTICE. Unless otherwise provided in this Agreement, any notice, communication, request, reply, or advice (herein severally and collectively, for convenience, called "Notice ") herein provided or permitted to be given, made or accepted by any party to 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 telecopier, 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 40 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 Round Rock, to: If to Cedar Park, to: Mr. Mark Rose General Manager Lower Colorado River Authority P. O. Box 220 3701 Lake Austin Boulevard Austin, Texas 78767 Fax No. (512) 473 - 3298 Mr. Roy Roberts General Manager Brazos River Authority PO Box 7555 4400 Cobbs Drive Waco, Texas 78710 Fax No. (817) 772 -5780 Mr. Robert Bennett City Manager City of Round Rock 221 East Main Round Rock, Texas 78664 Fax No. (512) 218 -7097 Mr. Don Birkner City Manager City of Cedar Park P. O. Box 1090 600 North Bell Blvd. Cedar Park, Texas 78613 -1090 Fax No. (512) 258 -6083 41 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 7.17. MODIFICATION. Except as otherwise provided in Section 2.02, 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. Section 7.18. 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 7.19. 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 7.20. MERGER. Other than the other contracts mentioned herein, this Agreement constitutes the entire agreement between the parties relative to the subject matter thereof. Except as noted in the previous sentence, 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. Section 7.21. VENUE. Venue for any action arising hereunder will be in Williamson County, Texas. Section 7.22. NO THIRD PARTY BENEFICIARIES. Nothing in this Agreement, express or implied, is intended to confer upon any person or entity, other than the parties hereto, any rights, benefits, or remedies under or by reason of this Agreement. ARTICLE VIII NEGOTIATION AND MEDIATION OF DISPIJTES Section 8.01. AGREEMENT REGARDING REMEDIES. The parties agree that their respective obligations under this Agreement are unique and 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. The failure by any party to perform its obligations under this Agreement would not be capable of being appropriately remedied by award of damages to any other affected party to this Agreement and in any event, such damages would be difficult, if not impossible, to determine because of the unique nature of the parties' obligations to each other hereunder. Further, the parties agree that the remedy of termination of this Agreement by any party is 42 inappropriate and not in the public interest. Therefore, the parties agree that they shall be entitled, and limited, to the remedies of specific performance, mandamus and injunction in the event of any breach of any obligation by any party under this Agreement. The parties hereby waive any requirement that they be required to provide any bond or other surety in order to obtain any of the agreed upon remedies. Section 8.02. 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 8.03. 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 8.04. 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 8.05. PERFORMANCE DURING MEDIATION. The claimant shall continue with performance under this Agreement pending mediation of the dispute. Section 8.06. 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 8.07. RULES FOR MEDIATION. The parties agree to the following stipulations concerning the conduct of the mediation: 43 (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. (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. (li) 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. 44 (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. Section 8.08. EXCEPTION. Notwithstanding the foregoing provisions of Sections 8.02- 8.07, the parties agree that those provisions shall not be applicable in emergency situations. ARTICLE IX EFFECTIVE DATE AND TERM OF AGREEMENT Section 9.01. 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 hereun- der. Section 9.02. 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 to the extent of their respective Reserved Capacities after amortization of LCRA's and BRA'S investment in the System, upon payment of just and reasonable charges by the Customers. Section 9.03. EFFECT ON CERTAIN PRIOR AGREEMENTS. The parties recognize that LCRA, BRA and Round Rock have previously entered into those two certain agreements dated July 12, 1996, entitled "Wastewater Disposal Contract" and "Supplemental Agreement" pursuant to which LCRA and BRA commenced Wastewater service to Round Rock from certain initial System Components. The parties agree that one of the purposes, and the effect, of this Agreement is to amend and replace those two prior agreements which are hereby terminated. 45 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 , 1997. ATTEST: By: Name: Title: ATTEST: By: Name: Title: BRAZOS RIVER AUTHORITY By: Name: Roy Roberts Title: General Manager LOWER OLORADO RIVER AUTHORITY 46 Manager, Water & Hydroelectric Company ATTEST: By: • Name: Title: ATTEST: By: Name: JOA NNE L 4WD Title: e / ,sEC2ETf+ -\/ Icra\brushy \bralcrl9.agt Xeolob CITY OF CEDAR PARK By: Dorthey Duckett Mayor CITY OF ROUND ROCK By: 47 Charles Culpep Mayor OWNERSHIP AND RESERVED CAPACITY Original Revised Ciy of Austin Austin Cedar Park LCRa Cumpenen :: Reserved Capacity Capacity C4 Unity Capacity Contracs 1. 2 and 2 (48' - 60r Interceptors) 100% 30% 70% 0% tEx:stine easements. permits. plans and records only) Contract 4 (Onion Branch Lift Station) 100% 100% 0% 0% Conmscr 5 - Phase I (16' Force Main) 100% 100% 0% 0% Contrac: 5 - Phase 1(24' Gravy Line)' 67% 67% 0% 33% Contract 5 - Phase 11 r24" Gravity Line)' 67% 67% 0% 33 70 Contract 5 - Phase II (anbuilt segment) 100% 100% 0% 0% Contract 6 (60' wastewater line) 62.2% 44,4% 17.85 37.3% (5.Csting easements, pemtits. plane and records only) Contact 6.; (60' gravity line) 70% 50% 20% 30% (Round Rock retained initial 10.1 % of the' 22.5 mgd capacity therefore ultimate capacuy division i5 Austin 44A4%. Cedar ra :k 17.78%, and LCRA 37.78%) Contact 8A, BB (Davis Spring Lift Station 30' wastewater interceptor) 100% 100% 0% 05 Contract 9 (36' wastewater line) 0% 0% 0% • 100% Contract 9 (60' wastewater line. with same provsionS as Contract 6A) 70% 44.4% 17.8% 37.8% Cc -cars 27. 20A and 2. (60" and 66' wastewater interceptor, 85% 50% 35% 78' anne1 and a wastewater imcrneptor. Existing easements, permits, plans and records only) Contract 40 (Lake C nek Lift Station and 48' wastewater line) 100% 100% 0% 0% Contact 54 (36' force main. E4is:ing easements, pennies. 100% 100% 0% 0% plans and records only) Old Cracac: 10 WWTP (Superseded Plans and records for 100% 100% 0% 0% at andened 10 MGD WW 11 P concept only) WWT? Design - WCD WWTP Design, (11.4 MGD First Phase of Regional System Trea rent Plat. based on }IDR Inter(ocal percentages) w N? Con'aron F c itie ?68i9.5 /SP.A75SP:15• t.'.Uteb'97 I EXHIBIT A 50% 39% 11% 50% 36% 28% 8% 64% 0% 0% 0 % 100% Regicnal System Plant Siva (Austin Tract Only) 100% 52% 48% 0% Treatment Pant Site (Round Rock Tract Only) 0% 0% 0% 100% Wastewater Dia.:Sarge Permit 50% 50% 0% 50% ' Joint Wastewater Lines Components ?6?89. ?! 15s1; :040x7! Up Stream Manhole Down Stream Manhole Total Accumulative Population LCRA 8$ x Total Accumulative Population City of Cedar Park %Of Total Total Accumulative Population City of Round Rode %Of Taal Total Accumulative Population Bmshy Creek and Fein Bluff MUD'. • %Of Total Trial Accumulative Population B9 B8 0 0.0% 47,513 1000% 0 00% 0 0.0% 47,513 B8 B7 6,832 11.3% 53,385 88.7% 0 0.0% 0 0.0% 60,217 B7 B6 10,346 15.2% 57,502 84 8% 0 0.0% 0 0.0% 67,848 B6 B5 11,673 166% 58,652 834% 0 0.0% 0 0.0% 70,325 B5 84 14,417 13.7% 88,958 847% 0 0.056 1,687 1 6% 105,062 B4 B3 14,417 120% 88,958 7405: 0 00% • 16,793 140% 120,168 B3 B2 14,917 107% 88,958 658% 11,603 86% 20,146 14.9% 135,124 B2 B1 14,417 10.6% 88,958 65 25: 12,992 9.556 20,146 14 8•6 136,513 BI TI 14,417 100% 88,958 61 896 20,332 14.196 20,146 14.0% 143,853 TI T2 14,417 100% 88,958 61 8% 20,332 14.1% 20,146 14.0% 143,853 T2 T3 14,417 8.7% 88,958 336% 42,294 25.5% 20,146 122% 165,815 T3 T4 14,417 8.3% 88,958 51256 50,092 28.9% 20,146 11.6% 173,613 T4 T5 14,417 7.3% 88,958 45396 72,860 37.1:6 20,146 10.3% 196,381 T5 T6 14,417 7.1% 88,958 43 70. 79,940 39 356 20,146 9.9% 203,461 T6 T7 14.417 6956 88,958 42 P. 86,692 41.2% 20,146 96% 210,213 T7 T8 14,417 6 6 °.6 88,958 40 5% 96,072 43 8°. 20,146 9.2% 219,593 T8 T9 14,417 6 6% 88,958 405% 96,072 43.8% 20,146 9 2% 219,593 Exhibit B Capacity Reservations: Upstream and Downstream Collection Systems (without Lake Creek flows) ` These Capacity Reser%coons are set aside for the City of Rou Id Rock fo the duration of the Interlocal Agreement' for Interim 11 asteu'ater T ran. partatron and Treatment between the City of Round Rock and the City of Austin dated September 19, 1996, thereafter, these Capacity Reservations will be set aside for LCRA. Page 1 Exhibit B Allocation of Annual Project Requirements: Upstream and Downstream Collection Systems (without Lake Creek flows) 2036 Contractual Flows Upstream Customer Population GPCD * fJ 000 gals Allocator (in %) LCRA 11,755 100 429,058 11.45 City of Cedar Park 83,281 85 2,583,793 68.94 Brushy Creek and Fern Bluff MUD's ** 20.146 100 735.329 19.61 Total 115,182 3,748,180 100.00 2036 Contractual Flows Downstream Customer Population GPCD * ( 1.000 gals Allocator (in %) LCRA 11,755 100 429,058 3.83 City of Cedar Park 83,281 85 2,583,793 23.04 City of Round Rock 146,126 140 7,467,039 66.58 Brushy Creek and Fern Bluff MUD's ** 20 146 100 735.329 6.55 Total 261,308 11,215,219 100.00 * GPCD = Gallons Per Capita per Day * * These Capacity Reservations are set aside for the City of Round Rock for the duration of the Gnerlocal Agreement fin Inlerint Wastewater transportation and treatment between the City of Round Rock and the City of Austin dated September 19, 1996, thereafter, these Capacity Reservations will be set aside for LCRA. Page 2 Up stream Manhole Down Stream Manhole Taal ActtumuWiv a Population LCRA %Of Total Total Accumulative Population City of Cedar Park %Of Total Total Accumulative Population City of Round Rock %Of Total Total Accumulative Population Brushy Creek and Blulr MUD's Fem ° %Of Total Total lake Creek Population x� Total Accumulative Population 89 138 0 0.0% 47,513 1000% 0 0 0% 0 0.0% 0 00% 47,313 88 B7 6,832 11396 53,385 8873: 0 0 0% 0 0.0% 0 00% 60,217 B7 B6 10,346 15.2% 57,502 848% 0 0.0% 0 0.0% 0 00% 67,848 136 135 11,673 16.6% 58,652 83 4% 0 0 0% 0 0 0% 0 0.096 70,325 B5 B4 14,417 13.7396 80,958 847:: 0 0.0% 1,687 1651 0 0096 105,062 B4 B3 14,417 12.035 88,958 740% 0 0.0% 16,793 140% 0 0.0196 120,168 B3 132 14,417 107:: 88,958 65.8 96 11,603 8.6% 20,146 149% 0 00% 135,124 B2 BI 14,417 1063. 88,958 6529. 12,992 9.596 20,146 148% 0 00 °.5 136,513 131 TI 14,417 7.1 °. 88,958 43.9% 20,332 10.0:5 20,146 9.9% 58,832 29.0% 202,685 TI T2 14,417 7.1°. 88,958 439% 20,332 1003. 20,146 9.9% 58,832 29.0% 202,685 T2 T3 14,417 6.4 °. 88,958 3966. 42,294 18.8% 20,146 90% 58,832 262% 224,647 T3 T4 14,417 62°. 88,958 3833. 50,092 21.6% 20,146 8.7% 38,832 25.3% 232,445 T4 T5 14,417 56 °. 88,958 3499. 72,860 285°5 20,146 7.9% 58,832 23.1% 255,213 T5 T6 14,417 5.5 88,958 33.9% 79,940 3059. 20,146 77°3. 58,832 22.4% 262,293 T6 T7 14,417 5.4 °. 88,958 33 1°. 86,692 32.2% 20,146 75% 58,832 219% 269,045 T7 T8 14,417 5.2 °. 88,958 320•. 96,072 34.59e 20,146 7.2% 58,832 21 Ise 278,425 T8 T9 14,417 5.2 °. 88,958 320 °. 96,072 34.53. 20,146 7,2% 58,832 21.1°% 278,425 Exhibit B Capacity Reservations: Upstream and Downstream Collection System (with Lake Creek flows) • These Capacity Re ervations are set aside for the City of Round Rock for the duration of the Inrerlacal.lgreetnent jar Interim Wastewater Transporration and "!Treatment between the City of Round Rock and the City of Austin dated September 19, 1996; thereafter, these Capacity Reservations will be set aside for LCRA Page 3 Exhibit B Allocation of Annual Project Requirements: Upstream and Downstream Collection Systems (with Lake Creek flows) 2036 Contractual Flows Upstream Customer Population GPCD * (1.000 gals) Allocator (in %) LCRA 11,755 100 429,058 11.45 City of Cedar Park 83,281 85 2,583,793 68.94 Brushy Creek and Fern Bluff MUD's ** 20.146 100 735.329 19.61 Total 115,182 3,748,180 100.00 2036 Contractual Flows Downstream Customer Population CiPCD * (1.000 gals) Allocator (in °/%) LCRA 11,755 100 429,058 3.21 City of Cedar Park 83,281 85 2,583,793 19 34 City of Round Rock 146,126 140 7,467,039 55.88 Brushy Creek and Fern Bluff MUD's ** 20,146 100 735,329 5.50 Lake Creek 58 832 100 2.147.368 16.07 Total 320,140 13,362,587 100.00 * GPCD = Gallons Per Capita per Day ** These Capacity Reservations are set aside for the City of Round Rock for the duration of the Interlocal Agreement jiff Interim Wastewater Transportation and Treatment between the City of Round Rock and the City of Austin dated September 19, 1996; thereafter, these Capacity Reservations will be set aside for LCRA. Page 4 Exhibit B Capacity Reservations and Allocation of Annual Project Requirements: Treatment Facilities Reserved Capacity/ Contractual Flows Treatment Facility Customer (in MGD) Allocator (in %) LCRA 0.30 2.0 City of Cedar Park 2.50 16.9 City of Round Rock 10.50 70.9 Brushy Creek and Fern BIuffMUD's * _L,511 _]Q,2_ Total 14.80 100.0 * These Capacity Reservations are set aside for the City of Round Rock for the duration of the Interlo al Agreement for Interim Wastewater transportation and Treatment between the City of Round Rock and the City of Austin dated September 19, 1996; thereafter, these Capacity Reservations will be set aside for LCRA Page 5 Prohibited discharges include: EXHIBIT C CITY OF ROUND ROCK LIST OF INADMISSIBLE WASTES In accordance with the provisions of Section 4.04 of the contract for Sewerage Service between the Brazos River Authority (Authority) and each contracting City of the Brushy Creek Regional Sewerage System, the following List of Inadmissible Wastes specifying materials that can not be discharged to the sewer system and concentrations for substances which should not be exceeded in discharges to the system, is promulgated by the Authority as of , 199 . The following list constitutes the pollutant allocations and local limits established under the Brushy Creek Regional Sewerage System Pretreatment Program specifying both numerical concentration limits and prohibited substances for discharge to the System of toxic or regulated pollutants which could cause interference with the operation of the treatment plant or cause a violation of the Authority's State or Federal discharge permit provisions. Under the provisions of Section 4.04, each Contracting City agrees to limit discharges to the System in accordance with the following list: 1. Wastewater having a temperature that would result in the total combined influent to the treatment plant to exceed a temperature of 104 degrees Fahrenheit or 32.2 degrees Celsius. 2. Wastewater having a pH value lower than 5.0 or higher than 10.5 or which will cause structural damage to the System. 3. Wastewater containing gasoline, benzene, naphtha, fuel oil, or other flammable or explosive liquids, solids, gases, or any material that 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. 4. Wastewater containing oil and grease or any grease, fats, waxes, oil, plastic or other substances that will solidify or become discernibly viscous at any temperature between 32 degrees Fahrenheit and 90 degrees Fahrenheit so as to cause obstruction in the collection system or at the treatment plant. List of Inadmissible Wastes I City of Round Rock t: \p re treat\brushy \rr -1 iw96.doc 5. Wastewater with a radioactive content greater than allowable by applicable provisions of the Texas Radiation Control Act, Article 4590 (1), Revised Civil Statutes of Texas, and Texas Regulations for Control of Radiation issued thereunder. 6. Wastewater with a dissolved hydrogen sulfide concentration greater than 1.0 milligrams per liter. 7. Wastewater containing corrosive constituents, that have a damaging or corrosive effect on system components.. 8. Any hazardous wastes prohibited by regulatory agencies. 9. Any trucked or hauled pollutants except at discharge points designated by the BRA and with the written consent of the City or BRA. 10. Wastewater, which alone or in conjunction with other wastewater, causes the wastewater entering any entry .point into the system to exceed a five -day Biochemical Oxygen Demand (BOD), concentration of300 milligrams per liter or a Total Suspended Solids (TSS), concentration of 400 milligrams per liter, shall be subject to surcharge on the basis of actual increased operating costs so long as the pollutant is not causing interference with the operation of the Authority's State or Federal discharge permit provisions, and as long as said pollutants are deemed acceptable by the Authority. Authority shall determine the cost of treatment for pollutants received from all customers and determine additional treatment costs for excessive pollutants to be surcharged. 11. Wastewater with concentrations of toxic pollutants, including heavy metals and other pollutants designated under the System Pretreatment Program, which will alone or in conjunction with other wastewaters cause the treatment plant influent to contain in excess of: Pollutant System Headworks Limit Ibs /day 24 hour Composite (mv./L' Cadmium 5.6712 0.2 Chloroform 113.4240 4.0 Chromium (Total) 482.0520 17.0 Copper 99.2460 3.5 Ethyl Benzene 453.6960 16.0 Lead 14.1780 0.5 Naphthalene 425.3400 15.0 Nickel 127.6020 4.5 Silver 1.9849 0.1 List of Inadmissible Wastes 2 City of Round Rock t: \pre treat \bru shy \rr -1 i w96.doc Tetrachloroethylene 141.7800 5.0 Toluene 39.9840 14.0 Zinc 107.7528 3.8 12. The combined volume of all wastewaters discharged by the City of Round Rock shall no contain the following listed pollutants in excess of the listed loading without prior written approval from the Authority. POLLUTANT City of Round Rock POLLUTANT ALLOCATION lbs /dav Cadmium 5.6712 Chloroform 113.4240 Chromium (Total) 482.0520 Copper 99.2460 Ethyl Benzene 453.6960 Lead 14.1780 Naphthalene 425.3400 Nickel 127.6020 Silver 1.9849 Tetrachloroethylene 141.7800 Toluene 396.9840 Zinc 107.7528 The Authority will periodically monitor for those pollutants at the City of Round Rock point -of -entry. Should the analysis indicate any of the pollutants listed are approaching or exceeding the System Head Works Limit, the City shall determine the source of the pollutant and require the generator to reduce or cease discharge of the pollutant and/or commence monitoring of the pollutant as required in the Brushy Creek Regional Sewerage System Pretreatment Program. List of Inadmissible Wastes 3 City of Round Rock t: \pretreat \brushy\rr -1 iw96.doc SECTION 1. Definitions. below: EXHIBIT D CONTINUING DISCLOSURE AGREEMENT This Continuing Disclosure Agreement (the "Agreement), dated as of 1997, is executed and delivered by the Lower Colorado River Authority (the "Issuer ") and (the "Disclosure Party ") in connection with the issuance, from time to time, of the Issuer's "municipal securities," with respect to which the Disclosure Party is an "obligated person," as such terms are applied within the meaning of the Rule (the "Bonds "). For good and valuable consideration, the Issuer and the Disclosure Party covenant and agree as follows: As used in this Agreement, the following terms have the meanings ascribed to such terms "MSRB" means the Municipal Securities Rulemaldng Board and any successor to its duties. " NRMSIR" means each person whom the SEC or its staff has determined to be a nationally recognized municipal securities information repository within the meaning of the Rule from time to time. "Rule" means SEC Rule 15c2 -12, as amended from time to time. "SEC" means the United States Securities and Exchange Commission and any successor to its duties. "SID" means any entity designated by the State of Texas or an authorized department, officer, or agency thereof as, and determined by the SEC or its staff to be, a state information depository within the meaning of the Rule from time to time. SECTION 2. Annual Reports; Obligations of Disclosure Parry. The Disclosure Party undertakes to and shall provide annually to each NRMSIR and any SID, within six months after the end of each of its fiscal year ending on or after January 1, 1996, financial information and operating data with respect to the Disclosure Party as specified and included in Appendix B of any final official statement relating to Bonds. Any financial statements so to be provided shall be (1) prepared in accordance with the accounting principles described in the notes to the financial statements as specified and included in Appendix B of any final official statement relating to Bonds, or such other accounting principles as the Disclosure Party may be required to employ from time to time pursuant to state law or regulation, and (2) audited, if the Disclosure Party commissions an audit of such statements and the audit is completed within the period during which it must be provided. If the audit of such financial statements is not complete within such period, then the Disclosure Party shall provide unaudited financial statements for the applicable fiscal year to each NRMSIR and any SID within the period during which it must be provided and the audited financial statements, when and if the audit report on such statements becomes available. If the Disclosure Party changes its fiscal year, it will notify the Issuer, each NRMSIR and any SID in writing of the change (and of the date of the new fiscal year end) prior to the next date by which the Disclosure Party otherwise would be required to provide financial information and operating data pursuant to this Section. The financial information and operating data to be provided pursuant to this Section may be set forth in full in one or more documents or may be incorporated by specific reference to any document or specific part thereby (including an official statement or other offering document, if it is available from the MSRB) that theretofore has been provided to each NRMSIR and any SID or filed with the SEC. The Disclosure Party shall, within ten (10) business days of the filings of the annual reports, notify the Issuer in writing that the filings have been made. Further, the Disclosure Party shall provide (1) in a timely manner, notice of any failure by the Disclosure Party to provide annual financial statements and operating data in accordance with Section 2 hereof to each NRMSIR and each SID and (2) within ten (10) business days of the Disclosure Party's obtaining actual knowledge of the occurrence of any of the events enumerated in 3(a) below, notice to the Issuer of such event. SECTION 3. Material Event Notices. (a) The following are the events with respect to Bonds that the Issuer agrees to disclose in a timely manner pursuant to the terms hereof, if the Issuer determines, pursuant to subsection (b) below, that such events are "material" under applicable federal securities laws and regulations• promulgated thereunder. (1) Principal and interest payment delinquencies; (2) Non - payment related defaults; (3) Unscheduled draws on debt service reserves reflecting financial difficulties; (4) Unscheduled draws on credit enhancements reflecting financial difficulties; (5) Substitution of credit or liquidity providers, or their failure to perform; (6) Adverse tax opinions or events affecting the tax- exempt status of the security; Page 2 of 6 (7) Modifications to rights of securities holders; (8) Bond calls; (9) Defeasances; (10) Release, substitution, or sale of property securing repayment of the securities; and (11) Rating changes. (b) Whenever the Issuer obtains knowledge of the occurrence of one of the above events, whether because of a notice from the Disclosure Party pursuant to subsection (d) or otherwise, the Issuer shall, in a timely manner, determine if such event would constitute material information for bondholders and beneficial owners of Bonds. (c) If the Issuer determines that the occurrence of one of the above events is material within the meaning of applicable federal securities laws and regulations promulgated thereunder. the Issuer shall promptly file a notice of such occurrence with each NRMSIR or the MSRB and each SID. SECTION 4. Limitations, Disclaimers, and Amendments. The Issuer and the Disclosure Party shall be obligated to observe and perform the covenants specified in this Agreement for so long as, but only for so long as, the Disclosure Party remains an "obligated person" with respect to Bonds within the meaning of the Rule, except that the Disclosure Party in any event will give notice of any deposit made that causes Bonds no longer to be outstanding. The provisions of this Agreement are for the sole benefit of (and may be enforced by) the bondholders and beneficial owners of Bonds and the parties to this Agreement, and nothing in this Agreement, express or implied, shall give any benefit or any legal or equitable right, remedy, or claim hereunder to any other person. The Issuer and the Disclosure Party undertake to provide only the financial information, operating data, financial statements, and notices which each has expressly agreed to provide pursuant to this Agreement and do not hereby undertake to provide any other information that may be relevant or material to a complete presentation of the issuer's or the Disclosure Party's financial results, condition, or prospects or hereby undertake to update any information provided in accordance with this Agreement or otherwise, except as expressly provided herein. Neither the Issuer nor the Disclosure Party make any representation or warranty concerning such information or its usefulness to a decision to invest in or sell Bonds at any future date. UNDER NO CIRCUMSTANCES SHALL THE ISSUER OR THE DISCLOSURE PARTY BE LIABLE TO THE BONDHOLDER OR BENEFICIAL OWNER OF ANY BOND Page 3 of 6 OR ANY OTHER PERSON, IN CONTRACT OR TORT, FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM ANY BREACH BY THE ISSUER OR THE DISCLOSURE PARTY, RESPECTIVELY, WHETHER NEGLIGENT OR WITHOUT FAULT ON ITS PART, OF ANY COVENANT SPECIFIED IN THIS AGREEMENT, BUT EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ON ACCOUNT OF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC PERFORMANCE. No default by the Issuer or the Disclosure Party in observing or performing their respective obligations under this Agreement shall comprise a breach of or default under any resolution of the Issuer authorizing the issuance of Bonds, or any contract relating thereto, for purposes of any other provision of this Agreement. Nothing in this Agreement is intended or shall act to disclaim, waive, or otherwise limit the duties of the Issuer or the Disclosure Party under federal and state securities laws. The provisions of this Agreement may be amended by the Issuer or the Disclosure Party from time to time to adapt to changed circumstances that arise from a change in legal requirements, a change in law, or a change in the identity, nature, status, or type of operations of the Issuer or the Disclosure Party, but only if (I) the provisions of this Agreement, as so amended, would have permitted an underwriter to purchase or sell Bonds in the primary offering of Bonds in compliance with the Rule, taking into account any amendments or interpretations of the Rule since such offering as well as such changed circumstances and (2) either (a) the bondholders or beneficial owners of a majority in aggregate principal amount (or any greater amount required by any other provision of this Agreement that authorizes such an amendment) of outstanding Bonds consent to such amendment or (b) an entity that is unaffiliated with the Issuer or the Disclosure Party (such as nationally recognized bond counsel) determines that such amendment will not materially impair the interest of the bondholders and beneficial owners of Bonds and is permitted by the terms of the Agreement. If the Issuer or the Disclosure Party so amend the provisions of this Agreement in connection with the financial or operating data which it is required to disclose under Section 2 hereof, the Disclosure Party shall provide a notice of such amendment to be filed in accordance with Section 3(b) hereof, together with an explanation, in narrative form, of the reason for the amendment and the impact of any change in the type of financial information or operating data to be so provided. The Issuer or the Disclosure Party may also amend or repeal the provisions of this continuing disclosure agreement if the SEC amends or repeals the applicable provision of the Rule or a court of final jurisdiction enters judgment that such provisions of the Rule are invalid, but only if and to the extent that the provisions of this sentence would not prevent an underwriter from lawfully purchasing or selling Bonds in the primary offering of Bonds. SECTION 5. Miscellaneous. A. Representations. Page 4 of6 Each of the parties hereto represents and warrants to each other party that it has (i) duly authorized the execution and delivery of this Agreement by the officers of such party whose signatures appear on the execution pages hereto, (ii) that it has all requisite power and authority to execute, deliver and perform this Agreement under applicable law and any resolutions or other actions of such party now in effect, (iii) that the execution and delivery of' this Agreement, and performance of the terms hereof, does not and will not violate any law, regulation, ruling, decision, order, indenture, decree, agreement or instrument by which such party is bound, and (iv) such party is not aware of any litigation or proceeding pending, or, to the best of such party's knowledge, threatened, contesting or questioning its existence, or its power and authority to enter into this Agreement, or its due authorization, execution and delivery of this Agreement, or otherwise contesting or questioning the issuance of Bonds. B. Governing raw This Agreement shall be governed by and interpreted in accordance with the laws of the State of Texas and applicable federal law. C. Severahility If any provision hereof shall be held invalid or unenforceable by a court of competent jurisdiction, the remaining provisions hereof shall survive and continue in full force and effect. D. Cnrnmterpartc. This Agreement may be executed in one or more counterparts, each and all of which shall constitute one and the same instrument. IN WITNESS WHEREOF, the Issuer and the Disclosure Party have each caused their duly authorized officers to execute this Agreement as of the day and year first above written. ATTEST: Secretary, Board of Directors Page 5 of 6 LOWER COLORADO RIVER AUTHORITY President, Board of Directors ATTEST: Title: Page 6 of 6 By: Title: DATE: April 21, 1997 SUBJECT: City Council Meeting, April 24, 1997 ITEM: 10A Consider a resolution authorizing the Mayor to execute a revised Wastewater Disposal Contract. STAFF RESOURCE PERSON: Jim Nuse STAFF RECOMMENDATION: A presentation was made at the last Council meeting, nothing has been changed. BY MFSSFNIiFR Mr. Stephan Sheets Sheets & Crossfield, P.C. 309 E. Main Street Round Rock, Texas 78664 -5246 Dear Steve: LAW OFFICES OF Ronald J. Freeman 301 Congress, Suite 1400 Austin, Texas 78701 Phone (512) 469 - 5484 Fax (512) 469 - 9015 April 18, 1997 Re: Brushy Creek Regional Wastewater System This letter confirms our telephone conversation yesterday. As I indicated to you on the phone, I am enclosing with this letter four duplicate originals of the new, revised "Wastewater Disposal Contract" which has been approved by LCRA and the City Council of Cedar Park (at Cedar Park's April 10, 1997 council meeting). Joe Beal has executed the new contract on behalf of LCRA. Cedar Park's Mayor is authorized to execute the agreement after Austin has signed the Agreement for Conveyance of Interests and Temporary Pass - Through Wastewater Service between Austin and Cedar Park whereby Cedar Park would obtain the right to acquire certain regional system assets from Austin. In the meantime, I would like for you to have the Round Rock City Council approve the new Wastewater Disposal Contract and have the Mayor sign it. It is my understanding that will be considered at Round Rock's City Council meeting on April 24. Assuming the Council approves the contract and authorizes the Mayor to sign it, would you please have the Mayor sign all four originals and put them in overnight mail to Mike Field at the Brazos River Authority.' Mike tells me that BRA will consider the new Wastewater Disposal Contract at BRA's meeting on April 28. Assuming BRA approves the new Wastewater Disposal Contract, Mike will have Roy Roberts execute the four originals you deliver to him. I would then ask that Mike put all four originals back in overnight mail to me. Assuming I can get the new four originals on either April 29 or April 30, I would then be in a position to get the Mayor of Cedar Park's signature on them at that time if the Mayor is ready and authorized to sign them. This letter confirms my understanding as indicated to you on the phone that unless and until all four parties have executed the new Wastewater Disposal Contract, it is not effective for any purpose. Rather, pending final execution of the new Wastewater Disposal Contract by all four parties, Round Rock, LCRA and BRA will continue to be governed by the provisions of the earlier Wastewater Disposal Contract among them dated July 12, 1996. F T COURIER 0 TEXAS, X A S, I N C. DATE; / F S# ' 0 I RE AF 0 07$649 CONSIGNEE CO RETURN FILE NARKED COPY RETURN SIGNED DOG P.O. Box 913 • Austin, Texas 78767 �• 512 - 443 -6886 FROM RONALD J. FREEMAN TO(CONSIGNEE) ,. "' "E../ 1' 7 ' - f., 7 e PIECES ADDRESS 301 CONGRESS #1400 ADDRESS / WEIGHT • ADDRESS AUSTIN STATE TX ZIP 78701 CITY_ / , r + - t/ STATE ZIP DRIVER REF NO // ' TN AT r PN TIME 0 A 0 PM SENDER INITIAL • PHONE EXT 469 -5482 PHONE EXT WAITING TIME MILEAGE SPECIAL INSTRUCTIONS/DESCRIPTION OF GOODS RECEIVED 85 TIME 0 A ❑PM PulnanauPi WAnN91w E s�4tlmW TOTAL NARRFR Mr. Stephan Sheets April 18, 1997 Page 2 If you need any additional information, please contact me. I am sending copies of this letter to the persons indicated below for their information. RJF:jjs Enclosures cc: David Kultgen (letter only) Mike Field (letter only) Tom Clark (letter only) Leonard Smith (letter only) Sue Littlefield (letter only) Don Birkner (letter only) Sam Roberts (letter only) Bob Bennett (letter only) Jim Nuse (letter only) Joe Beal (letter only) Jim Clarno (letter only) Angie Taylor - Rubottom (letter only) John Rubottom (letter only) Nancy Matchus (letter only) Mike Erdmann (letter only) Randy Goss (letter only) Very truly yours, Ronald J. Freeman PHONE (512) 469 -5484 FAX (512) 469 -9015 Mr. Joe Beal LCRA P. 0. Box 220 Austin, Texas 78767 Dear Joe: LAW OFFICES OF RONALD J. FREEMAN 301 Congress, Suite 1400 Austin, Texas 78701 April 11, 1997 Re: Brushy Creek Regional Wastewater System e -mail 7XWATERRES@aol.com (512) 422 -3765 MOBILE Pursuant to your request, I am sending copies of this letter and the referenced enclosures to the people indicated below in order to advise them of the final changes to the (i) Wastewater Disposal Contract and (ii) Agreement for Assignment of Contract Rights as approved by the Cedar Park City Council last night. The documents which are enclosed to evidence and effect these changes are: A copy of my April 10, 1997 letter to Sue Littlefield which contains as an attachment to it blacklined copies of pages 15, 20 and 40 of the Wastewater Disposal Contract and pages 1 and 2 of the Agreement for Assignment of Contract Rights showing the changes approved by Cedar Park; and clean copies of the (i) Wastewater Disposal Contract and (ii) Agreement for Assignment of Contract Rights incorporating these changes. Cedar Park approved these contracts last night. LCRA has already approved negotiation and execution of the contracts. It is my understanding that BRA and Round Rock will approve the Wastewater Disposal Contract at their meetings later this month. During this time period, I will be circulating multiple originals of these contracts, as appropriate, so that each of the signatories will be able to have one original version of its contract(s) when executed by all parties. It is my contemplation that the contract(s) will be fully executed before the end of the month. We anticipate that LCRA will then be in a position to accept assignment of Cedar Park's rights to acquire assets from Austin and to close on the acquisition of those assets by April 30 as is contemplated in the enclosed changes to the Agreement for Assignment of Contract Rights. 7 Mr. Joe Beal April 11, 1997 Page 2 If anyone receiving a copy of this needs any additional information, please call me. RJF:jjs Enclosures cc: Sam Roberts (letter only) Sue Littlefield (letter only) Leonard Smith (letter only) Randy Goss (enclosure) Mike Erdmann (enclosure) Nancy Matchus (enclosure) Jim Nuse (enclosure) David Kautz (enclosure) Steve Sheets (enclosure) Jimmie Griffith (enclosure) Mike Taylor (enclosure) Mark Dietz (enclosure) Tom Clark (enclosure) Tom Ray (enclosure) Mike Field (enclosure) David Kultgen (enclosure) Joe Beal (enclosure) Jim Clamo (enclosure) Angie Taylor - Rubottom (enclosure) Bill Leisering (enclosure) Brady Edwards (enclosure) Carin Hutchins (enclosure) Neil Haverlah (enclosure) Glen Taylor (enclosure) Tom Mason (enclosure) John Rubottom (enclosure) Karen Friese (enclosure) Charles Jennings (enclosure) Rick Porter (enclosure) Very truly yours, GAO, Ronald J. Freeman Ms. Sue Littlefield Strasburger & Price, L.L.P. 600 Congress Avenue 2600 One American Center Austin, Texas 78701 -3248 RJF /jjs Enclosures cc: Leonard Smith (w /blacklined changes) Steve Sheets (w /blacklined changes) Jim Clarno (w /blacklined changes) LAW OFFICES OF Ronald J. Freeman 301 Congress, Suite 1400 Austin, Texas 78701 Phone (512) 469 -5484 Fax (512) 469 -9015 April 10, 1997 Re: Brushy Creek Regional Wastewater System Dear Sue: As requested, enclosed are the following documents: 1. A revised, clean copy of the Wastewater Disposal Contract; 2. A revised, clean copy of the Agreement for Assignment of Contract Rights; 3. A copy of Exhibit B, the Interlocal Agreement for Assumption of Obligations and Division of Assets of the Brushy Creek Regional Wastewater Disposal System, and for Interim Operation and Maintenance of Joint Wastewater Lines; and 4. Blacklined pages of changes to 1 and 2 above. I will bring execution copies with me tonight. Please let me know if you need anything further. • Very truly yours, Ronald J. Freeman (h) Construction Duties. LCRA will acquire and construct 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. LCRA will prepare plans and specifications for the System Component(s) to be constructed in Phase I as soon as possible and proceed to take all other action necessary to acquire or construct the System Compo- nent(s). After all such regulatory approvals have been obtained, LCRA shall proceed, as appropriate, to advertise for bids for construction of the remainder of the System Component(s). Upon receipt of such bids, LCRA shall tabulate the bids and notify BRA, the Customers and the Technical Review Committee of the bids which have been received and shall recommend approval of the Lowest and best bid for the construction of the System Component(s). LCRA shall also notify BRA, the Customers and Technical Review Committee, based on such lowest and best bid, of the estimated Project Costs of the System Component(s) and the Funding Date for such Project Costs. LCRA may accept the Lowest and best bid for the construction of the System Component(s). In determining whether or not to accept any such bid, LCRA shall consider advice and recommendations of BRA, the Customers and the Technical Review Committee, but the decision as to its acceptance shall be within the sole discretion of LCRA. Thereafter, LCRA will diligently construct the System Component(s). Section 2.02. ALLIANCE 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 the Customers and the Customers and Technical Review Committee are provided prior written notice of such modifications. Section 2.03. ACQUISITION AND CONSTRUCTION OF PHASE I OF THE SYSTEM. (a) Acquisition of Existing Assets. LCRA and the Customers agree to proceed as expeditiously as possible to consummate the remaining transactions contemplated in the RR/Alliance Acquisition Contract and the CP /Alliance Acquisition Contract. The parties anticipate that the Initial Funding for each of these contracts is, respectively, October 11, 1996, and April 30. 1997. (b) 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 Customers LCRA may, 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. LCRA will use diligent efforts to complete construction of line segments B3 to B5 of Phase I of the System within eighteen (18) months after the Initial Funding of the purchase of the Cedar Park Regional System Assets, and the remaining portions of Phase 1v. ithin twenty -four (24) months of that initial Funding. These deadlines are excusable only for reasons of 15 Section 2.07. CONSTRUCTION OF REQUIRED IMPROVEMEiNTS. At such time as LCRA or BRA shall determine that construction of Required Improvements is necessary in order for the System to be able o treat and dispose of Wastewater expected to be delivered to it without violation of applicable permits or 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 to the Technical Review Committee of its intention to proceed with construction of such Required Improvements. Thereafter, the Required Improvements will be constructed by LCRA as otherwise provided for Expansions and in accordance with the requirements of Section 2.01(h), to the extent applicable. Section 2.08. LCRA RIGHT TO RESERVED CAPACITY. LCRA shall be considered a "Customer" for all purposes of this Agreement for that part of the Reserved Capacity referenced in Section 4.01 and shown in Exhibit B as being reserved for LCRA. The pa-.ies recognize and contemplate, however, Austin's joining the System in the future and acquiring LCRA's Reserved Capacity at that time. Ia that regard, the parties agree to reasonably cooperate to try to obtain .Austin's agreement to enter into an agreement with the parties hereto substantially the same in all material respects to this Agreement and any corresponding agreement in which LCRA would purchase regional wastewa:er system asset, In addition, LCRA may sell a'! or any part of its Reserved Capacity to any other entity or may use its Reserved Capacity for any other lawful purpose. In the event LCRA sells all or any part of its Reserved Capacity to another entity under an agreement substantial!': similar to this Agreement, BRA and the other Customers agree that LCRA will be released from, 211, or an appropriate part, of its obligations as a Customer with respect to the sold Reserved Capacity provided the other entity assumes such re:eased obligations. LCRA shall provide writ:ea notice to BRA and the other Customers, signed by LCRA and the party to whom the Resew Capacity is being transferred, specifying the amount of transferred Reserved Capacity and the affected System Component(s), and providing that the parties otherwise ' ratify and confirm their pr:- ex'.sting obligations un this Agreement. No such transfer shall be effective until and unless s::ch notice is provided. Section 2.09. DEPOSITS ON FUNDING DATES. After LCRA or BRA as appropriate, obtains all funds related to Funding on the Funding Date for Phase I, 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 and the one -half of one percent (1/2%) of Project Costs necessary to fund the Repair and Replacement Reserve Fund. Upon the first to occur of the Initial Fundings, BRA shall deposit the agreed amoun: of money into the Operation and Maintenance Reserve Fund which shall be maintained by is 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. 20 hundred eighty (180) days written notice to LCRA setting forth the terms of the proposed transfer. LCRA shall have the right of first refusal at any time during said one hundred (180) day period to enter into an agreement with Cedar Park to purchase the Cedar Park Treatment Plant or portion thereof proposed to be transferred on the same terms as the proposed transfer. Section 7.13. EXPANSION OF CEDAR PARK TREATMENT PLANT. Cedar Park agr not to expand the Cedar Park Treatment Plant during the term of this Agreement, provided that all Wastewater capacity required by Cedar Park (i) is available from the System (including any Expansions) more economically than a plant expansion and (ii) can be provided in the System within the timeframe required by Cedar Park. Economics and timing will be determined by Cedar Park, in its sole discretion. If Cedar Park deterrnines that the conditions set forth in (i) or (ii) above cannot be met, Cedar Park will have the right to expand the Cedar Park Treatment Plant within the limits of and pursuant to the existing permit for that plant and the other Customers, LCRA and BRA agree not to oppose or resist that expansion in any way. Cedar Park will further have the right to continue to operate the Cedar Park Treatment Plant and, in the event of annexation of Block House Municipal Utility District, the Block House Creek treatment plant, and to maintain in effect and to renew the existing discharge permits for those plants, TNRCC Permit No. TX0085740 and NPDES Permit No. 12308 -001 for the Cedar Park Trea:ment Plant, and TNRCC Permit No. 13031-001 and NPDES Permit No. TX 0101397 for the Bock House Creek treatment plant. The other Customers, LCRA and BRA agree not to oppose or resist in any way (i) renewal of those permits or (ii) amendments which would make the perm'.: parameters more stringent. Section 7.14. A_NN'UAL. REPORT OF SY STEM AND AUDITS. BR? and LCRA shall cause to be prepared an annual report 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 T Review 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 other and to each Customer, and the Technical Review Committee. Section 7.15. 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. Section 7.16. ADDRESSES AND NOTICE. Unless otherwise provided in this Agreement, any notice. communication, .request, reply, or advice (herein severally and collectively, for convenience. called "Notice ") herein provided or permitted to be given, made or accepted by any party to 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 telecopier, 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 40 AGREEMENT FOR ASSIGNMENT OF CONTRACT RIGHTS THIS AGREEMENT FOR ASSIGNMENT OF CONTRACT RIGHTS (the "Agreement ") is made and entered into as of the 10th day of 1997 (the "Effective Date "), by and between the LOWER COLORADO RIVER AUTHORITY, a conservation and reclamation district and political subdivision of the State of Texas ( "Assignee "), and the CITY OF CEDAR PARK, a Texas municipal corporation ( "Assignor "). A. Assignor is a party to that certain "Agreement for Conveyance of Interests and Temporary Pass - Through Wastewater Service" (the "Contract ") between Assignor and the City of Austin, Texas ( "Austin ") „,aoproved by the City Council of Assignor on April 10, 1997, a copy of which is attached as Exhibit A. B. Assignor desires to assign to Assignee and Assignee desires to accept from Assignor the Contract upon the terms and conditions more particularly set forth in this Agreement. C. Contemporaneously with entering into this Agreement, Assigner and Assignor have also entered into that certain "Wastewater Disposal Contract” together with the City of Round Rock and the Brazos River Authority (the "Wastewater Disposal Contract "). Assignor has also previously entered into that certain "Settlement Agreement" dated January, 1996, between Assignor and the City of Austin (the "Transfer Agreement "). Assignor is entering into the Contract pursuant to the Transfer Agreement. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged: ARTICLE I AGRFFMFNT TO ASSIGN CONTRACT RIGHTS Section 1.1. Cooperation. Assignor agrees to diligently pursue implementation of the Transfer Agreement. In that regard, Assignor and Assignee agree to cooperate to implement the closing under the Contract. Section 1.2. Agreement. Within five (5) days after the effective date of this Agreement, Assignor agrees to transfer, assign and set over the Contract to Assignee without recourse upon Assignor, and Assignee agrees to accept the assignment and assume and perform all obligations , scOntrtsassignm,n, upd RFCITA1.S AGRF,F.MFNT Assignor, and Assignee agrees to accept the assignment and assume and perform all obligations of Assignor thereunder, except that Assignor will retain the obligation to pay S380,345.82 of the consideration to be paid to Austin under the contract in exchange for conveyance of the Project assets described in Exhibits B and C of the Contract. Section 2.1. Notic.q. 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: wwsyscontnsa ssignment. wpd (a) If to Assignee, to: (b) Joseph J. Beal, P.E. Manager, WaterCo LCRA P. 0. 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 If to Assignor, to: ARTICLE II (1FNFRAT PROVISIONS Mr. Don Birkner City Manager City of Cedar Park P. 0. Box 1090 600 North Bell Blvd. Cedar Park, TX 78613 -1090 Fax: (512) 258 -6083 2 BY MFSSF.NGFR Mr. Stephan Sheets Sheets & Crossfield, P.C. 309 E. Main Street Round Rock, Texas 78664 -5246 Dear Steve: LAW OFFICES OF Ronald J. Freeman 301 Congress, Suite 1400 Austin, Texas 78701 Phone (512) 469 -5484 Fax (512) 469 -9015 April 18, 1997 Re: Brushy Creek Regional Wastewater System RECEIVED APR 2 11997 This letter confirms our telephone conversation yesterday. As I indicated to ou on the phone, I am enclosing with this letter four duplicate originals of the new, revised " astewate Disposal Contract" which has been approved by LCRA and the City Council of Ced. Park Cedar Park's April 10, 1997 council meeting). Joe Beal has executed the new co . t n b- alf of LCRA. Cedar Park's Mayor is authorized to execute the agreement after Austin h.. ' : n: -. the Agreement for Conveyance of Interests and Temporary Pass - Through Wastewater Servic tween Austin and Cedar Park whereby Cedar Park would obtain the right to acquire certain :.'onal system assets from Austin. In the meantime, I would like for you to have the Round Roc City Council approve the new Wastewater Disposal Contract and have the Mayor sign it. It is my understanding that will be considered at Round Rock's City Council meeting on April 24. Assuming the Council approves the contract and authorizes the Mayor to sign it, would please have the Mayor sign all - lour originals and put them in overrT ght maiLto_Mike Pieta at the Brazos River Authority. Mike tells me that BRA will consider the new Wastewater bisposal Contract at BRA's meeting on April 28. Assuming BRA approves the new Wastewater D sposai Contract, fv i3 cke will have Roy Roberts execute the four originals you deliver to him. I would then ask that Mike put all four originals back in overnight mail to me. Assuming I can get the new four originals on either April 29 or April 30, I would then be in a position to get the Mayor of Cedar Park's signature on them at that time if the Mayor is ready and authorized to sign them. This letter confirms my understanding as indicated to you on the phone that unless and until all four parties have executed the new Wastewater Disposal Contract, it is not effective for any purpose. Rather, pending final execution of the new Wastewater Disposal Contract by all four parties, Round Rock, LCRA and BRA will continue to be governed by the provisions of the earlier Wastewater Disposal Contract among them dated July 12, 1996. . • Mr. Stephan Sheets April 18, 1997 Page 2 If you need any additional information, please contact me. I am sending copies of this letter to the persons indicated below for their information. RJF:jjs Enclosures cc: David Kultgen (letter only) Mike Field (letter only) Tom Clark (letter only) Leonard Smith (letter only) Sue Littlefield (letter only) Don Birkner (letter only) Sam Roberts (letter only) UBRaennett_( etter only) Jim Nuse (letter only) Joe Beal (letter only) Jim Clarno (letter only) Angie Taylor - Rubottom (letter only) John Rubottom (letter only) Nancy Matchus (letter only) Mike Erdmann (letter only) Randy Goss (letter only) Very truly yours, fY n_ Ronald J. Freeman AGREEMENT FOR ASSIGNMENT OF CONTRACT RIGHTS COPY THIS AGREEMENT FOR ASSIGNMENT OF CONTRACT RIGHTS (the "Agreement") is made and entered into as of the 10th day of April, 1997 (the "Effective Date "), by and between the LOWER COLORADO RIVER AUTHORITY, a conservation and reclamation district and political subdivision of the State of Texas ( "Assignee "), and the CITY OF CEDAR PARK, a Texas municipal corporation ( "Assignor "). RECITALS A. Assignor is a party to that certain "Agreement for Conveyance of Interests and Temporary Pass - Through Wastewater Service" (the "Contract") between Assignor and the City of Austin, Texas ( "Austin "), approved by the City Council of Assignor on April 10, 1997. a copy of which is attached as Exhibit A. B. Assignor desires to assign to Assignee and Assignee desires to accept from Assignor the Contract upon the terms and conditions more particularly set forth in this Agreement. C. Contemporaneously with entering into this Agreement, Assignee and Assignor have also entered into that certain "Wastewater Disposal Contract" together with the City of Round Rock and the Brazos River Authority (the "Wastewater Disposal Contract "). Assignor has also previously entered into that certain "Settlement Agreement" dated January, 1996, between Assignor and the City of Austin (the "Transfer Agreement "). Assignor is entering into the Contract pursuant to the Transfer Agreement. NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged: Section 1.1. Cooperation Assignor agrees to diligently pursue implementation of the Transfer Agreement. In that regard, Assignor and Assignee agree to cooperate to implement the closing under the Contract. Section 1.2. Agreement Within five (5) days after the effective date of this Agreement. Assignor agrees to transfer, assign and set over the Contract to Assignee without recourse upon wwsyscontrtsassignment.wpd AGREEMENT ARTICLE I AGREFMENT TO ASSIGN CONTRACT RIGHTS Assignor, and Assignee agrees to accept the assignment and assume and perform all obligations of Assignor thereunder, except that Assignor will retain the obligation to pay $380,345.82 of the consideration to be paid to Austin under the contract in exchange for conveyance of the Project assets described in Exhibits B and C of the Contract. Section 2.1. Notice All notices and other communications hereunder shalt 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: (b) ww.ykomm.,.ignmem.wpd (a) If to Assignee, to: ARTICLE II (;FNERAL PROVISIONS Joseph J. Beal, P.E. Manager, WaterCo 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 If to Assignor; to: Mr. Don Birkner City Manager City of Cedar Park P. O. Box 1090 600 North Bell Blvd. Cedar Park, TX 78613-1090 Fax: (512) 258 -6083 2 With a copy to: Sue Littlefield Strasburger & Price, L.L.P. 600 Congress Avenue 2600 One American Center Austin, Texas 78701 Phone: (512) 499 -3600 Fax: (512) 499 -3660; and Mr. Leonard Smith 823 Congress P. O. Box 684633 Austin, Texas 78768 Phone: (512) 474 -6707 Fax: (512) 474 -6706 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 2.2. Headings Descriptive headings are for convenience only and shall nut control or affect the meaning or construction of any provision of this Agreement. Section 2.3. 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 2.4. (ioveming-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 2.5. No Oral Modification This Agreement may not be modified or amended. except by an agreement in writing signed by both the Assignor and the Assignee. wwsyscomrtssaignmcnt.wpd 3 Section 2.6. 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 2.7. Time of Essence Time is of the essence of this Agreement. Section 2.8. 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 2 9 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 2.10. 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 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 2.11. 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 2.12. Effective Date The Effective Date of this Agreement shall be the date set forth on the first page hereof. wwsyscomnsasmgnmeni.wpd 4