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O-84-2114 - 5/10/1984ORDINANCE NO. 2114 AN ORDINANCE GRANTING THE CONSENT OF THE CITY OF ROUND ROCK TO THE CREATION OF THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT, SUBJECT TO VARIOUS TERMS AND CONDITIONS. WHEREAS, a petition has been filed for consent from the City to create a municipal utility district to be known as The Meadows at Chandler Creek Municipal Utility District (hereafter referred to as "District") to include the land described in Exhibit "1" attached hereto and made a part hereof for all purposes; and, WHEREAS, the City Council has evaluated the petition for consent to creation of the District and related documents and determined that consent should be granted; Now, Therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: PART 1. That the City of Round Rock hereby grants (a) its consent to the inclusion of the land described in Exhibit "1" within the The Meadows at Chandler Creek Municipal Utility District; (b) its consent to the creation of the District; and, (c) its consent to the issuance of bonds by the District. The foregoing consent is specifically subject to and conditional upon the following: 1. That the City and the District shall enter into and execute the agreement attached hereto as Exhibit "2", entitled Agreement Between The City Of Round Rock And The Meadows At Chandler Creek Municipal Utility District, and the Mayor is hereby authorized to execute the agreement on behalf of the City. The agreement is incorporated herein and made a part hereof for all purposes. The agreement in its entirety and its present form is of utmost importance to the consent granted hereby and but for its execution by the District, such consent would not be granted. 2. That the City and the District shall enter into and execute the agreement attached hereto as Exhibit "3", entitled "Utility Construction Contract", and the Mayor is hereby authorized to execute the contract on behalf of the City. The contract is incorporated herein and made a part hereof for all purposes. 3. That water or sewer service shall not be furnished to any User in any subdivision within the boundaries of the District unless such subdivision complies with all applicable ordinances of the City of Round Rock concerning subdivisions and the Master Plan of the City of Round Rock. 4. That no land within the District shall be allowed, at any time in the future, to incorporate, join in an incorporation, or be annexed into any incorporated city other than the City of Round Rock. 5. That any restrictions by the City on the terms and provisions of the District's bonds and notes issued to provide facilities and services of the land and conditions on the sale of the District's bonds and notes will not render the bonds and notes of the District unmarketable. 6. That the City shall have the right to audit and inspect the books and records of the District at any time. PART 2. That the City Secretary is hereby directed to file a copy of such Ordinance in the permanent records of her office. (Mark through the following alternative that is not applicable) Alternative 1. By motion duly made, seconded and passed with an affirmative vote of all the Council members present, the requirement for reading this ordinance on two separate days was dispensed with. READ, PASSED, and ADOPTED on first reading this 1197FN day of %/ / 1 Q,( , 19141 . Alternative 2. READ and APPROVED on first reading this the day of , 19 READ, APPROVED and ADOPTED on second reading this the day of , 19 ATTEST: NNE LAND, City Secretary MIKE ROBINSON, Mayor City of Round Rock, Texas EXHIBIT "A" Page 1 of 4 FIELD NOTES OF 435.261 ACRES FIELD NOTES describing 435.261 acres of land, being 62.473 acres out of the Wil- liam Donaho Survey, Abstract No. 173; 158.51 acres out of the George+W. Glass- cock Survey, Abstract No. 267, and 214.278 acres out of the P. A. Holder Survey, Abstract No. 297, situated in Williamson County, Texas, said 435.261 acres being comprised and consisting of the following four (4) tracts: 1) all of that certain 46.732 acre remainder of that certain 88.88 acre Tract 1, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 659 of the Deed Records of said County; 2) all of that certain 135.771 acre remainder of that certain 192.17 acre Tract 2 conveyed by said Volume 573, Page 659; 3) all of that certain 86.557 acre remainder of that certain 126.42 acre Tract 1, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 670 of said Deed Records; 4) all of that certain 166.21 acre Tract 2, conveyed by said Volume 573, Page 670, found upon resurvey this date to contain 166.201 acres; said four (4) tracts combined containing 435.261 acres of land, and being more particularly described by metes and bounds as TRACT "A", TRACT "B", TRACT "C", and TRACT "D" as follows: TRACT "A" (46.732 ACRES) FIELD NOTES describing a 46.732 acre tract of land, out of the P. A. Holder Sur- vey, Abstract No. 297, situated in Williamson County, Texas, being all of the remainder of that certain 88.88 acre Tract 1, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 659 of the Deed Records of Wil- liamson County, Texas, and being more particularly described by metes and bounds as follows: BEGINNING at an iron pin found at a fence corner, in the South line of that cer- tain 166.21 acre Tract 2, conveyed to Carl W. Burnette, Trustee, by deed record- ed in Volume 573, Page 670 of said Deed Records, being the Northeast corner of said 88.88 acre tract, for the Northeast corner and POINT OF BEGINNING of the hereinafter described 47.732 acre TRACT "A"; THENCE along the East line of said 88.88 acre Tract 1, as fenced, for the East line hereof, the following three (3) courses: 1) S00°18'30"W, 765.79 feet to an iron pin set for an angle point hereof; 2) S00°10'30"E, 760.55 feet to an iron pin set for an angle point hereof; 3) 500°06'30"E, 795.82 feet to an iron pipe found at a fence corner, being the Northeast corner of that certain 10.02 acre tract conveyed to John F. Matthews by deed recorded in Volume 659, Page 407 and Correction Deed recorded in Volume 774, Page 3 of said Deed Records, for the Southeast corner hereof; THENCE along the North line of said 10.02 acre tract, for the South line hereof, the following two (2) courses: 1) along said fence line, N86°25'W, 908.67 feet to an iron pin found at an angle point in said fence, for an angle point hereof; 2) N63°07'W, 109.70 feet to an iron pin set in the East right-of-way line of F.M. Highway 1460, being the Northwest corner of said 10.02 acre tract, for the Southwest corner hereof; THENCE along said East right-of-way line, for the West line hereof, the follow- ing five (5) courses: 1) N22°53'E, 18.85 feet to an iron pin found by a fence corner post, for a Point of Curvature hereof; 2) along the arc of a curve to the left having elements of delta = 22°51' radius = 1479.075 feet, arc = 589.87 feet, tangent = 298.91 feet, chord and chord bearing = 585.97 feet, N11°27'30"E, to an iron pin set for a Point of Tangency hereof; 3) N00°02'E, 1101.10 feet to an iron pin set for a Point of Curvature hereof; 4) along the arc of a curve to the right having elements of delta = 8°35', radius = 2874.84 feet, arc = 430.67 feet, tangent = 215.74 feet, chord and chord bearing = 430.27 feet, N04°19'30"E, to an iron pin set for a Point of Tangency hereof; 5) N08°37'E, 93.56 feet to an iron pin found near a fence corner post, being the Southwest corner of said 166.21 acre Tract 2, also being the Northwest cor- ner of said 88.88 acre Tract 1, for the Northwest corner hereof; Exhibit "1" EXHIBIT "A" Page 2 of 4 THENCE departing said East right-of-way line, along the division line between '' said 166.21 acre Tract 2 and said 88.88 acre Tract 1, for the North line hereof, as fenced, N89°54'E, 834.19 feet to the POINT OF BEGINNING of the herein described TRACT "A", containing 46.732 acres of land more or less. TRACT "8" (135.771 ACRES) FIELD NOTES describing a 135.771 acre tract of land, out of the P. A. Holder Survey, Abstract No. 297, situated in Williamson County, Texas, being all of the remainder of that certain 192.17 acre Tract 2, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 670 of said Deed Records, and being more particularly described by metes and bounds as follows: BEGINNING at an iron pin found in the West right-of-way line of F. M. Highway 1460, being the Northeast corner of that certain 9.56 acre tract conveyed to Jack R. Campbell by deed recorded in Volume 676, Page 527 of said Deed Records, for the Southeast corner and POINT OF BEGINNING of the hereinafter described 135.771 acre TRACT "B"; THENCE departing said West right-of-way line, along the South line hereof, the following two (2) courses: 1) along the North line of said 9.56 acre tract S89°12'W, 1648.31 feet to an iron pin found at the Northwest corner of said 9.56 acre tract, for an angle point hereof; 2) N89°42'30"W, 530.70 feet to an iron pin found at an ell corner of said 192.17 acre Tract 2, for the Southwest corner hereof; THENCE along the West line of said 192.17 acre Tract 2, as fenced, for the West line hereof, the following four (4) courses: 1) N00'16'E, 947.44 feet to an iron pin set for an angle point hereof; 2) N00'04'E, 439.82 feet to an iron pin set for an angle point hereof; 3) N00°12 E, 676.21 feet to an iron pin set for an angle point hereof; 4) N00'08'E, 553.57 feet to an iron pin set at the Southwest corner of that certain 16.38 acre tract conveyed to William B. Rhodes, et ux, by deed recorded in Volume 675, Page 74 of said Deed Records, for the Northwest corner hereof; THENCE along the North line hereof, S89°57'E, at a distance of 1135.96 feet pass the Southeast corner of said 16.38 acre tract, being the Southwest corner of that certain 10.00 acre tract conveyed to Veterans Land Board of the State of Texas, by deed recorded in Volume 674, Page 669 of said Deed Records, and con- tinue an additional 1217.09 feet, in all being a total distance of 2353.05 feet to an iron pin set in said West right-of-way line of said F. M. Highway 1460, being the Southeast corner of said 10.00 acre tract, for the Northeast corner hereof; THENCE along said West right-of-way line of F. M. Highway 1460, for the East line hereof, the following six (6) courses: 1) S08°37'W, 244.89 feet to an iron pin set for an angle point hereof; 2) S02°36'E, 101.95 feet to an iron pin set for an angle point hereof; 3) S08°37'W, 246.46 feet to an iron pin set for a Point of Curvature hereof; 4) along the arc of a curve to the left having elements of delta = 8°35', radius = 2954.84 feet, arc = 442.66 feet, tangent = 221.74 feet, chord and chord bearing = 442.24 feet, SO4°19'30"W, to an iron pin set for a Point of Tangency hereof; 5) S00°02'W, 1101.10 feet to an iron pin set for a Point of Curvature hereof; 6) along the arc of a curve to the right having elements of delta = 19°24'40", radius = 1399.075 feet, arc = 473.99 feet, tangent = 239.29 feet, chord and chord bearing = 471.73 feet, S09°44'20"W, to the POINT OF BEGINNING of the here- in described TRACT "8", containing 135.771 acres of land more or less. TRACT "C" (86.557 ACRES) FIELD NOTES describing an 86.557 acre tract of land, out of the George W. Glasscock Survey, Abstract No. 267, situated in Williamson County, Texas, being all of the remainder of that certain 126.42 acre Tract 1, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 670 of said Deed Records, and being more particularly described by metes and bounds as follows: EXHIBIT "A" Page 3 of 4 BEGINNING at an iron pin set near a fence corner in the West right-of-way line of F. M. Highway 1460, being the Northeast corner of said 126.42 acre Tract 1, for the Northeast corner and POINT OF BEGINNING of the hereinafter described 86.557 acre TRACT "C"; THENCE along said West right-of-way line, being the East line of said 126.42 acre Tract 1, for the East line hereof, the following four (4) courses: 1) along the arc of a curve to the left having elements of delta = 18'27'37", radius = 1202.185 feet, arc = 387.34 feet, tangent = 195.36 feet, chord and chord bearing = 385.66 feet, S21'14'W, to an iron pin set near a broken concrete highway monument, for a Point of Tangency hereof; 2) S12'00'W, 959.71 feet to an iron pin set near a concrete highway monument, for a Point of Curvature hereof; 3) along the arc of a curve to the left having elements of delta = 3'17'30", radius = 5754.985 feet, arc = 330.63 feet, tangent = 165.36 feet, chord and chord bearing = 330.58 feet, S10°21'15"W, to an iron pin set for a Point of Tangency hereof; 4) S08'42'30"W, 305.38 feet to an iron pin set at the Northeast corner of that certain 20.00 acre Tract Two, conveyed to William Rhodes by deed recorded in Volume 710, Page 425 of said Deed Records, for the Southeast corner hereof; THENCE departing said West right-of-way line, along the North line of said 20.00 acre tract, for the South line hereof, S89°06'15"W, 2528.84 feet to an iron pin set in the fenced West line of said 126.42 acre Tract 1, being the Northwest corner of said 20.00 acre tract, for the Southwest corner hereof; THENCE along said fenced West line for the West line hereof, N00'13'E, 958.00 feet to an iron pin found at a fence corner post, for the Northeast corner here- of; THENCE along the fenced North line of said 126.42 acre Tract 1, the following five (5) courses: 1) N71'34'E, 364.30 feet to an iron pin set for an angle point hereof; 2) N71'12'E, 1450.85 feet to an iron pin set for an angle point hereof; 3) N71'45'E, 239.00 feet to an iron pin set for an angle point hereof; 4) N70'59 E, 595.45 feet to an iron pin set for an angle point hereof; 5) N71'23'E, 486.20 feet to the POINT OF BEGINNING of the herein described TRACT "C", containing 86.557 acres of land more or less. TRACT "D" (166.201 ACRES) FIELD NOTES describing a 166.201 acre tract of .land, being 62.473 acres out of the William Donaho Survey, Abstract No. 173; 71.953 acres out of the George W. Glasscock Survey, Abstract No. 267; and 31.775 acres out of the P. A. Holder Survey, Abstract No. 297, situated in Williamson County, Texas, being all of that certain 166.21 acre Tract 2, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 670 of said Deed Records, said tract being found upon resurvey this date to contain 166.201 acres of land, and being more partic- ularly described by metes and bounds as follows: BEGINNING at an iron pin set by a fence corner post being the intersection of the East right-of-way line of F. M. Highway 1460 and the South right-of-way line of County Road No. 113, being the most Northerly Northwest corner and POINT OF BEGINNING of the hereinafter described 166.201 acre TRACT "D"; THENCE along said South right-of-way line, as fenced, for a North line hereof, N70'36'E, 174.95 feet to an iron pin found at a fence corner post, for the most Northerly corner hereof; THENCE departing said South right-of-way line, as fenced, for an East line here- of, the following two (2) courses: 1) S18'00'E, 868.80 feet to an iron pin set for an angle point hereof; 2) S17'59'E, 335.14 feet to an iron pipe found near a fence corner post, for an angle point hereof; THENCE along a North line hereof, S89°26'E, 1763.46 feet to an iron pin found at a fence corner in the West right-of-way line of the M. K. & T. Railroad, for the most Easterly Northeast corner hereof; EXHIBIT "A" Page 4 of 4 THENCE along said West right-of-way line, as fenced, for the most Easterly line hereof, the following five (5) courses: 1) 500.04130"E, 982.93 feet to an iron pin found for an angle point hereof; 2) S02.01'30"W, 300.35 feet to an iron pin found for an angle point hereof; 3) 507'49'45""W, 335.57 feet to an iron pin found for an angle point hereof; 4) S 17 07 30 .W, 488.56 feet to an iron pin found for an angle point hereof; 5) S22°55'W, 345.20 feet to an iron pin found at a fence corner, for the South- east corner hereof; THENCE along the South line hereof, as fenced, the following two (2) courses: 1) N89'51'30"W, 1843.54 feet to an iron pin found at a fence corner, being the Northeast corner of the remainder of that certain 88.88 acre Tract 1, conveyed to Carl W. Burnette, Trustee, by deed recorded in Volume 573, Page 659 of said Deed Records, for an angle point hereof; 2) along the North line of said 88.88 acre Tract 1, S89'54'W, 834.19 feet to an iron pin found near a fence corner post in the East right-of-way line of said F. M. Highway 1460, being the Northwest corner of said 88.88 acre Tract 1, for the Southwest corner hereof; THENCE along said East right-of-way line, for the West line hereof, the follow- ing nine (9) courses: 1) N08°37'E, 352.91 feet to an iron pin set for an angle point hereof; 2) N30'26'E, 107.72 feet to an iron pin set near a broken concrete highway monument, for an angle point hereof; 3) N08'37'E, 300.00 feet to a concrete highway monument found for an angle point hereof; 4) N12'39'W,��107.54 feet to an iron pin found for an angle point hereof; 5) N08'42 30 E, 1007.12 feet to a concrete highway monument found for a Point of Curvature hereof; 6) along the arc of a curve to the right having elements of delta = 3'17'30", radius = 5674.985 feet, arc = 326.03 feet, tangent = 163.06 feet, chord and chord bearing = 325.99 feet, N10°21'15"E, to a concrete highway monument found for a Point of Tangency hereof; 7) N12'00'E, 959.71 feet to a nail set in a broken concrete highway monument, for a Point of Curvature hereof; 8) along the arc of a curve to the right having elements of delta='19°09', radius = 1122.185 feet, arc = 375.07 feet, tangent = 189.30 feet, chord and chord bearing = 373.33 feet, N21°34130"E, to an iron pin set for a Point of Tangency hereof; 9) N31'091E, 65.69 feet to the POINT OF BEGINNING of the herein described TRACT "D", containing 166.201 acres of land more or less. IN ALL, SAID TRACT "A", TRACT "B", TRACT "A", and TRACT "D" combined, as described herein, containing 435.261 acres of land more or less. I, Steven D. Kallman, a REGISTERED PUBLIC SURVEYOR, do hereby certify that these field notes and attached plat accurately represent the results of an on -the - ground survey made under my direction and supervision on the 29th day of June, 1983. All corners located are as shown. There are no encroachments, conflicts or protrusions apparent on the ground except as shown. HAYNIE & KALLMAN, INC. • / Steven . Kalman, Registered Public Surveyor No. 3337 Date EXHIBIT "A" Page 1 of 2 FIELD NOTES OF 95.818 ACRES FIELD NOTES describing a 95.818 acre tract or parcel of land out of the P. A. Holder Survey, Abstract No. 297, situated in Williamson County, Texas, being all of that certain 57.177 acre Tract Number One conveyed to Bertil F. J. Telander, et al, by deed recorded in Volume 456, Page 530 of the Deed Records of Williamson County, Texas, and all of that certain 41.931 acre Tract No. One conveyed to Bertil F. J. Telander by deed recorded in Volume 457, Page 28 of said Deed Records, said two (2) tracts combined being found upon resurvey this date to contain 95.818 acres of land, and being more particularly described by metes and bounds as follows: BEGINNING at an iron pipe found at the southeast corner of Hidden Acres, as shown on a Plat of Record in Cabinet, C, Slides 226-227 of the Plat Records of Williamson County, Texas, for the southwest corner and POINT OF BEGINNING of the hereinafter described 95.818 acre tract; THENCE along the west line hereof, the following six (6) courses: 1.) N00 06'22"E, 574.94 feet to an iron pin set for an angle point hereof; 2.) N00 09'25"W, 625.80 feet to an iron pin found for an angle point hereof; 3.) N00 11'11"W, 419.46 feet to an iron pin found for an angle point hereof; 4.) N00 06'30"W, 795.82 feet to an iron pin found for an angle point hereof; 5.) N00 08'57"W, 760.38 feet to an iron pin found for an angle point hereof; 6.) NO0 18'45"E, 765.79 feet to an iron pin found at the northeast corner of that certain 46.732 acre TRACT "A" conveyed to Chandler Creek Land Venture by deed recorded in Volume 928, Page 911 of said Deed Records, also being in the south line of that certain 166.201 acre TRACT "D" conveyed by said Volume 928, Page 911, for the northwest corner hereof; THENCE along the south line of said TRACT "D", for the north line hereof, S89 50'39"E, 1843.39 feet to an iron pin found by a fence corner in the west right-of-way line of the M.K.T. Railroad, being the southeast corner of said TRACT "D", for the northeast corner hereof; THENCE along said west right-of-way line, for the east line hereof, the following ten (10) courses: 1.) S21 44'W, 112.57 feet to an iron pin set for an ell corner hereof; 2.) S68 16'E, 7.60 feet to an iron pin set for an ell corner hereof; 3.) S21 44'W, 903.00 feet to an iron pin set for an ell corner hereof; 4.) N68 16'W, 25.00 feet to an iron pin set for an ell corner hereof; 5.) S21 44'W, 1500.00 feet to an iron pin set for an ell corner hereof; 6.) N68 16'W, 35.00 feet to an iron pin set for an ell corner hereof; 7.) S21 44'W, 500.00 feet to an iron pin set for an ell corner hereof; 8.) S68 16'E, 60.00 feet to an iron pin set for an ell corner hereof; 9.) S21 44'W, 451.80 feet to an iron pin set for a Point of Curvature hereof; 10.) along the arc of a curve to the left having elements of delta= 20 49'14", radius= 2008.27 feet, arc= 729.78 feet, tangent= 368.96 feet, chord and chord bearing= 725.77 feet, Sil 19'23"W to an iron pin set by a fence corner post for the southeast corner hereof; EXHIBIT "A" Page 2 of 2 THENCE along the south line hereof, S89 45'20"W, 422.70 feet to the POINT OF BEGINNING of the herein described tract, containing 95.818 acres of land. I, Timothy E. Haynie, A REGISTERED PUBLIC SURVEYOR, do hereby certify that these field notes accurately represent the results of an on -the - ground survey conducted under my direction and supervision on the 7th day of May, 1984. All corners located are as described. HAYNIE & KALLMAN, INC. Timothy E. Haynie, �7 Registered Public Surveyor No. 2380 Date AGREEMENT BETWEEN THE CITY OF ROUND ROCK AND THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT The State of Texas County of Williamson Know All Men By These Presents: THAT FOR and in consideration of the mutual agreements, conditions, and covenants contained herein, the City of Round Rock, Texas (the "City"), and The Meadows At Chandler Creek Municipal Utility District (the "District"), mutually contract and agree as follows: 1. The City agrees to sell and to deliver water within the boundaries of the District for domestic and commercial uses, such water to be supplied from the City's water distribution system as extended by the District pursuant to the Construction Contract . "Water" as used in this section means potable water meeting the requirements of the Texas Department of Health for human consumption and other domestic uses. The City presently has an adequate water supply to provide service to the District. The District specifically agrees that the supply of water to the District residents may be reasonably limited by the City on the same basis and to the same extent as the supply of water to any other customers within the City. The District shall promote compliance with the City's water conservation ordinances, as amended from time to time. The District agrees that the City will be the sole source of water to the District and that the District and that the District will not seek to develop its own wells, except in the event the City is no longer able to provide water service. 2. On behalf of the District, the City agrees to sell and deliver water service to the Users within the District. Said sales will be directly to the residents of the District, and no master meter will be installed for billing purposes. The rates charged by the City to the District for Users of the District for water actually delivered pursuant to this agreement shall be 1.65 times the amount charged by the City for comparable users within the City, as established from time to time, by the Round Rock City Council; also, the base charge shall be one dollar ($1.00) over the base water charge charged by the City for comparable users within the City, as established from time to time, by the Round Rock City Council. 3. During construction of all public improvements and construction of all private structures, the City shall sell water at in -city bulk rates to contractors and subcontractors through appropriate identified fire hydrants. 4. The City agrees to receive, treat, collect, and dispose of sewage within the boundaries of the District, such sewage to be collected into the City's sanitary sewer trunk line as extended by the District pursuant to the Utility Const rust i on Contract. The District specifically agrees that the treatment of sewage received from the District may be reasonably limited by the City on the same basis and to the same extent as the treatment of sewage received from any other customer within the City. The District agrees that the City will be the sole source of sewage treatment service to the District and that the District will not seek to construct its own treatment facilities, except in the event the City is no longer able to provide sewer treatment service. Exhibit "2" 5. The City agrees to sell wastewater collection and treatment services to the Users within the boundaries of the District. The rates charged by the City to the District for such Users within the District for wastewater services pursuant to this agreement shall be 1.65 times the amount charged by the City for comparable Users within the City, as established from time to time, by the Round Rock City Council; also, the base wastewater charge shall be one dollar ($1.00) over the base wastewater charge charged by the City for comparable Users within the City as established from time to time, by the Round Rock City Council. 6. The District agrees to pay the City to make all utility repairs, and maintain all facilities, for all such District improvements, and payment will be made in accordance with the schedule attached hereto as Exhibit "A". 7. The District agrees to set and maintain water and wastewater rates sufficient to pay the following: a. To pay for water and wastewater services delivered by the City pursuant to this Agreement, an amount equal to 1.65 times the amount charged by the City for comparable Users within the City, as established from time to time, by the Round Rock City Council; also the minimum charge for water and wastewater services shall each be one dollar ($1.00) over the minimum water charge and wastwater charge, respectively, charged by the City for comparable Users within the City, as established from time to time, by the Round Rock City Council. b. To pay for utility repairs and maintenance of facilities by the City pursuant to this Agreement, an amount sufficient to make payment to the City in accordance with the schedule attached hereto. c. For all other operation and maintenance expenses, an amount sufficient to meet such expenses as they come due. d. For debt service on any bonds issued by the District, an amount as deemed appropriate by the Board of Directors of the District. 8. The District agrees to supply the City with a copy of each action by the District setting the rate pursuant to Paragraph 9 within seven (7) days of such action. On behalf of the District, the City shall perform all services required to collect said charges directly from the Users, including the reading of meters, billing of Users, and collection of charges. Billings and payments will be rendered to Users of the District in substantial compliance with the procedures established in the City of Round Rock ordinances, as now in effect or hereafter amended. 9. The City will retain for its own account as payment for water, wastewater services and repair and maintenance of the District's facilities all money collected from the Users of the District pursuant to Paragraphs 7(a) and (b). All other moneys collected by the City shall be remitted to the District's account for use by the District and shall be hereinafter referred to as "Net Revenues". -2- 10. The City acknowledges that any bonds issued by the District may be secured by a pledge of the Net Revenues from the operation of the District's water and sewer and/or drainage systems, and the City covenants to cooperate with the District and assist in the computation of revenue and expenses of such systems. 11. The City agrees to provide fire protection services comparable to the service rendered to residents within the City for all residents and structures, such services to be provided by the City fire department authorized to perform comparable services for the City residents and facilities. The cost of said services shall be billed by the City to the residents and other users as follows: a For all single family residences, duplexes, and commercial users the rate shall be $9.00 per month for each metered unit serviced. b For all multifamily users, the rate shall be the greater of $9.00 per month for each metered unit serviced or for each LUE as calculated pursuant to Chapter 10, Section 4.A (6)(a), Code of Ordinances, City of Round Rock. The City shall perform all services necessary to collect said charges directly from the User, including the billing of Users and collection of charges. Such charge shall be included on the bill with the base rate charges for water and wastewater services. 12. The City shall furnish garbage service to a -ll Users of the District on a comparable basis to that offered for City residents and at the same rate charged residents within the City. Further, the City shall bill all Users directly, and shall collect all funds due for garbage service directly from said Users. 13. When a bond issue of the District becomes rated by Moody's and/or Standard and Poor's, it is agreed that the District shall apply for an appropriate amount of bond insurance for that and all subsequent rated issues. It is agreed that the District will use its best efforts to secure ratings for its issues. 14. Except as provided in the Utility Construction Contract, the District may not construct or install water or wastewater lines or facilities to serve the area outside the District, or sell or deliver City water or wastewater service to areas outside the District, or annex any additional lands to the District without the prior approval of the Round Rock City Council. 15. The City shall not be liable to the District or any utility User of the District for the failure of the City to provide water, sewer, fire or garbage service where the failure results from Force Majeure. The term "Force Majeure" as employed herein, shall mean acts of God, strikes, lockouts, or other industrial disturbances, act of public enemy, orders of any kind of the Government of the United States or the State of Texas or any civil or military authority, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, hurricanes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accidents -3- to machinery, pipelines, or canals, or other causes not reasonably within the control of the City. It is understood and agreed that the settlement of strikes and lockouts shall be entirely within the discretion of the City, 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 appraising party or parties when such settlement is unfavorable in the judgment of the City. 16. The District agrees that it shall issue bonds, notes, or other obligations only for the purposes and in the manner provided by this Agreement. It is specifically agreed however, that the District's bonds, when issued, may be secured by a pledge of the District's taxes or Net Revenues or both. 17. The District agrees that at least 90% of the facilities and amenities for which the District bonds have been authorized will be installed within twelve (12) years from the date of execution of this Contract by the District. If such facilities are installed prior to such date, the City may annex the District at any time thereafter. In the event the District violates the terms and provisions of the City's written consent, as set forth herein, the City shall be entitled to injunctive relief or a writ of mandamus issued by a court of competent jurisdiction restraining, compelling or requiring the District and its officials to observe and comply with the terms and provisions prescribed in the City's written consent to the inclusion of land within the District, as provided in Article 54.016 of the Texas Water Code. In addition to the remedies provided in said Article, if installation of 90% or more of the facilities and amenities for which District bonds have been authori zed has not been accomplished within the twelve (12) year period, the City, at its option, may revoke its authorization for or approval of the installation of any further facilities or amenities and also may revoke its authorization for the issuance of the balance of the District's unissued bonds; provided, however, that the City's right to revoke such authorization may be exercised only if the City concurrently annexes the entire District as it then exists; and provided further that, if the installation of any items of authorized facilities has commenced in good faith in compliance with and in reliance on the provisions hereof and is in progress at the time the City proposes to revoke such authorizations, the annexation of the District to the City and the revocation of such authorizations shall be postponed until the installation of the items has been completed and the purchase of such items with the proceeds from the sale of District bonds or other funds of the District has been accomplished. At any time following the installation of the requisite percentage of District facilities, the annexation process may be completed and the District included within the corporate boundaries of the City. The District shall be dissolved on the date and in the manner specified in the ordinance completing such annexation, but in no event more than ninety (90) days after the effective date of such annexation. Upon the dissolution of the District, the City shall immediately succeed to all properties, powers, duties, assets, debts, liabilities, and obligations of the District. 18. After annexation of the District into the City, the City may collect a surcharge in addition to the rates of water and sewer services for property that was within the territorial boundaries of the District at the time of -4- annexation, as provided by Section 54.016 (h) of the Texas Water Code. Such surcharge shall be calculated according to the criteria and formula provided for in Exhibit "B" attached hereto and incorporated herein by reference. The surcharge may continue until the City has been wholly compensated for its assumption of the debt service on the Bonds of the District. 19. All contract obligations and responsibilities of the District under this Contract shall terminate when the area within the District is annexed to the City. 20. All water, wastewater, and drainage facilities to be acquired or constructed by the District may be constructed by NPC, with the consent of the District. Neither NPC nor the District shall commence construction of any facility unless the plans and specifications for such facility have been approved by the City, the Texas Department of Water Resources, the Texas Department of Health, where applicable, and all other governmental agencies having jurisdiction. Upon issuance and sale of its bonds for such purposes, the District shall pay NPC the cost of construction of any such facilities constructed by NPC to the extent authorized by the Texas Department of Water Resources and permitted by the City agreement hereunder. To the extent the District is not permitted to pay NPC for any such facilities, NPC shall dedicate the facilities to the District without compensation. 21. Easements and rights-of-way needed for District purposes within the District will be dedicated to the District by NPC or its assigns. The District may acquire land from NPC in accordance with the rules of the Texas Department of Water Resources. Land and rights-of-way outside the District needed by the District may be acquired by the District in accordance with the usual and customary public purchasing standards and procedures applicable to the District. 22. This Contract shall be effective from the date of execution hereof by the City and shall continue in effect for a period of forty (40) years. This Contract may be executed by the City prior to creation of the District and shall be binding upon the City for a period of one year following such execution by the City pending creation and confirmation of the District. Upon said creation and approval and execution of this Contract by the District, it shall thereafter be binding upon the parties in accordance with its terms. IN WITNESS WHEREOF, each of the parties hereto has caused this agreement to be executed by its undersigned duly authorized representative, in multiple copies, each of equal dignity, as of the date hereinabove first mentioned. Attest alYVY1-1) 444tOtt anne Land ty Secretary CITY OF ROUND ROCK, TEXAS By: Mike Robinson, Manager Executed on: S-/D-S/t/ THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT By: -5- , President Board of Directors Executed on EXHIBIT A - AVERAGE COST FOR VARIOUS TYPES OF WATER AND SEWER MAINTENANCE REPAIRS TYPE: COST: 1. Water Service Break Behind Curb 2. Water Main Break Behind Curb 3. Water Tap Behind Curb 4. Water Main Break in Street 5. Sewer Tap Behind Curb 6. Sewer Line Repair Behind Curb 7. For Small Street Repair (4' x 30') 8. For Street Repair Overlay (4 hrs.) $350.31 420.55 409.92 692.94 390.76 376.76 588.30 $905.88 NOTE: These cost do not reflect any more than routine repairs during normal working hours. There would be additional charges for overtime, standby pay, rental equipment or extraordinary supplies or personnel with equipment to complete the job in question. All above listed costs are subject to annual review and update by December 31st of each year. EXHIBIT B MONTHLY SURCHARGE CALCULATION Monthly surcharge formula A + F = monthly surcharge 12 x D A = Annual Debt Service Requirement for that calendar year for District Bonds D = Number of residents and other users in the District on December 31 of the preceeding year as determined in accordance with Section 11 of the contract to which this Exhibit is attached. F = Fees required in connection with the bonds The surcharge will be imposed on the date annexation occurs and will be calculated on the annexation date pro rata for the remainder of that calendar year and on January 1 of each succeeding year for the months in that calendar year. The amount actually charged for a monthly surcharge shall not exceed $50.00. In the event the above formula provides for a monthly surcharge in excess of $50.00, the monthly surcharge for that month and each succeeding month shall be $50.00 until such time as the amount collected pursuant to the monthly surcharge is equal to the amount which would have been collected pursuant to the monthly surcharge formula but for the ceiling of $50.00 per month. The monthly surcharge shall be billed by the city as an addition to the users residing in the district after annexation in accordance with the contract to which this Exhibit is attached. 1/MUD2 • UTILITY CONSTRUCTION CONTRACT BETWEEN CITY OF ROUND ROCK, TEXAS THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT This Contract is entered into as of the day of , 1984, by and between the CITY OF ROUND ROCK, TEXAS (the "City"), a Home Rule City located in Williamson County, Texas, anb1 THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT (the "District"), a district created pursuant to Article XVI, Section 59 of the Texas Constitution and operating under the provisions of Chapter 54, Texas Water Code. RECITALS WHEREAS the City operates a water supply system and a sanitary sewer collection and treatment system serving areas within and adjacent to the City and; WHEREAS the District desires to obtain 'access to the City's water supply in order to provide a dependable supply of -potable water for the District and access to the City's sanitary sewer system in order to provide for the transporta- tion, treatment, and disposal of sewage from within the Dis- trict, and WHEREAS the District is authorized by Chapter 54, Texas Water Code to purchase,- construct and acquire, inside or outside its boundaries, works, improvements, and facilities helpful or necessary to supply water for municipal uses, domestic uses, and commercial purposes and to collect, trans- port, and dispose of waste, and WHEREAS the Board of Directors of the District has deter- mined that it is in the best interest of the District to cooperate with the City in the acquisition and construction of extensions to the City's water supply and sanitary sewer collection facilities, and WHEREAS the City has determined that it is appropriate to provide water and sanitary sewer service within said arca of protect the health and welfare of present and future residents Exhibit "3" 1 /MUD2 of the area and of portions of the City in proximity thereto, and WHEREAS the City and the District are authorized to make and enter into this Contract by Article 1109j, Texas Civil Statutes, as amended. NOW THEREFORE, in consideration of the the premises and the mutual obligations and benefits herein contained, the City and the District contract and agree as follows: AGREEMENT Section 1. DEFINITIONS. The terms and expressions used in this Contract, unless the context shows clearly otherwise, shall have meanings as follows: (a) "Project" means the water main and sanitary sewer main extensions and improvements described in the second revision to the Fact Report prepared by Haynie & Kallman, Inc., Engineers, dated May, 1984, and attached hereto as Exhibit "A" to this Contract. The exact alignment and configuration of the extensions may vary depending upon the final engineering design which shall be approved by consulting engineers for the District and the Directors or acting Directors of the City's Water and Wastewater and Public Works Departments. (b) "Board" and "Board of Directors" means the Board of Directors of the District. (c) "Bonds". means the bonds or notes issued by the District for acquiring, by purchase and/or construc- tion, the Project, whether in one of more series or issues. (d) "Bond Resolution" means any resolution of.the Board. of Directors authorizing the issuance of Bonds and providing for their security and payment, as such. resolutions(s) may be amended from time to time as therein permitted. Section 2. OBLIGATION OF DISTRICT TO ACQUIRE, Subject to the limitations set forth herein, the District will acquire, by purchase and/or construction, the Project and agrees to pay, and will pay, all of the actual costs of acquiring the Project through the issuance of Bonds to provide the money for such payment, all in the manner hereinafter described. The District agrees to proceed promptly to obtain the necessary approvals to issue the Bonds and acquire the Project. Upon obtaining said approvals, the District will proceed promptly to issue and e11. the Bonds and thereafter to purchase and/or construct the Project as soon as practicable, but shall not be liable for any 1/MUD2 damages occasioned by delays in completion of the Project. Section 3. DISTRICT'S BOND RESOLUTION. The proceeds from the sale of the Bonds will be used to pay all of the District's expenses and costs in connection with the Project and the Bonds, including, without limitation, all financing, legal, printing, and other expenses incurred in connection with the issuance, sale, and delivery of the Bonds. Such Bonds will be issued in an amount sufficient to cover the costs of the Project and all the aforesaid expenses and to provide for the payment of interest on the Bonds for a period not to exceed two (2) years. A substantial draft of each Bond Resolution of the District, showing the principal amount, maturities, the funds created, and other pertinent features with respect to the Bonds authorized thereby, must be delivered to and approved by the City prior to the delivery to the purchaser of any Bonds authorized by such Bond Resolution; and the approval of such draft by the City will constitute agreement by the City that the amount of the Bonds and all provisions of the Bond Resolu- tion are in compliance. with this Contract in all respects. Section 4. CONSULTING ENGINEERS. The District and the City shall agree on the "Consulting Engineers" for the Project and the Project will be constructed in accordance with plans and specifications which have been prepared by the Consulting Engineers and approved by the City. It is further agreed that the Consulting Engineers may be changed, but only with the agreement of both the District and the City. Section ACQUISITION CONTRACT; BOND PROCEEDS. The District may enter into such contracts as are necessary to provide for acquiring, by purchase and construction, the entire Project, and said contracts shall be approved and executed as required by the laws and regulations applicable to municipal utility districts and shall be awarded by competitive bidding as directed by the City. In addition, each such contract must be submitted to and approved by the City prior to execution by the District. The District shall deposit all proceeds from the I/MUD2 sale of Bonds (after deducting therefrom any amounts required to be deposited into any fund created by a Bond Resolution and the amount of all expenses of issuing the Bonds) into a Construction Fund, at a depository of the District. The Dis- trict shall draw on and use said Contruction Fund to pay the costs of acquiring the Project, provided that expenditures from the Construction Fund must be for project costs recommended for payment by the Consulting Engineers. Any Bond proceeds remain- ing in the Construction Fund after completion of the Project shall be deposited into the debt service fund created by the Bond Resolution. Section 6. OWNERSHIP AND OPERATION. Upon completion of the purchase and construction of the Project by the District, the City shall become the owner of the Project after final acceptance by the City and will thereafter operate and maintain the Project at its expense. Section 7. INSURANCE. During such time as the District or its contractors engage in construction work in relation to the Project, the District agrees to require all contractors - performing work to provide adequate insurance in relation to the Project and work being performed as is usually carried by contractors constructing like properties and also require all contractors to carry worker's compensation insurance. Upon completion of construction of the Project and the dedication thereto the the City under the terms hereof, the City agrees to carry ingurance on the Project of a kind an in an amount which are customarily carried by municipal corporations in relation to the ownership and operations of utility properties. Section 8. CONDITIONS PRECEDENT. The obligation of the District to acquire the Project shall be conditioned upon the following: 1/MUD2 (a) Approval of the Project by the Texas Department of Water Resources, Texas Department of Health, and any and all other local, state or federal agencies having jurisdiction; and (b) Sale of Bonds in an amount sufficient to pay the costs of the acquisition of the Project and the expenses of issuing the Bonds; and (c) The District's ability, or the ability of its con- tractors, to obtain all material, labor, equipment necessary for the Project. Section 9. USE OF CITY'S PROPERTY. By these presents, the City authorizes use by the District of any and all real property, streets, alleys, public ways and places, and general utility or water easements of the City for acquisition and construction of the Project, so long as such use by the Dis- trict does not interfere with any lawful use by the City. The City further agrees that it will provide right-of-way for the Project and will proceed immediately to acquire any necessary right-of-way by purchase, contract or condemnation. The City's costs of acquiring such right-of-way shall be considered Project costs and will be reimbursed by the District out of Bond proceeds. Section 10. FORCE. MAJEURE. If, by reason of Force Majeure, any party hereto shall be rendered unable wholly or in part to carry out its obligations under this Contract then such party shall give notice and full particulars of such Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause of relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as herein- after provided; 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 employeed herein, shall mean acts of God, strikes, lockouts, or other industrial disturbances, act of public enemy, orders of any kind of the Government of the United States or the State of • 1/MUD2 Texas or any civil or military authority, insurrections, riots, epidemics, landslides, lightning, earthquake, fires, hurri- canes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accidents to machinery, pipelines, or canals, or 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 11. REGULATORY BODIES. This Contract, and the acquisition of the Project, shall be subject to all valid rules, regulations, and laws applicable thereto passed or promulgated by the United States of America, the State of Texas, or any governmental body or agency having lawful juris- diction or any authorized representative thereof. Section 12. PARTIES IN INTEREST. This Contract shall be for the sole and exclusive benefit of the City and the District and shall not be construed to confer any benefit or right upon. any other parties. Section 13. SEVERABILITY. The provisions of this Con- tract are severable, and if any word, phrase, clause, sentence, paragraph, section or other part of this Contract or the application thereof to any person or circumstances shall ever be held by any court of competent jurisdiction to be invalid or unconstitutional for any reason, the remainder of this Contract and the application of such word, phrase, clause, sentence, paragraph, section or other part of this Contract to other persons or circumstances shall not be affected thereby. Section 14. TERM OF CONTRACT. This Contract shall be in force and effect until the Project is completed and accepted in whole by the City pursuant to Section 6 hereof, at which time this Contract shall terminate, provided that in no event shall the term of this Contract exceed forty (40) years. Section 15. EXECUTION OF CONTRACT. This Contract may be executed by the City prior to the creation of the District and shall be binding upon the City for a period of one (1) year pending creation and confirmation of the District. Upon said creation, and approval and execution of this Contract by the Board of Directors thereof, it shall thereafter be binding upon all parties in accordance with its terms. IN WITNESS WHEREOF, the District and the City, acting under authority of their respective governing bodies, have caused multiple copies of this Contract to be duly executed, each of such copies to be of equal dignity, all as of the date and year first herein written. CITY OF ROUND'ROCK BY, Mike Robinson, Mayor THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT BY: President, Board of Directors AGREEMENT CONCERNING CREATION AND OPERATION OF THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT THE STATE OF TEXAS § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF WILLIAMSON § THAT FOR and in consideration of the mutual agreements, conditions, and covenants contained herein, the City of Round Rock, Texas (the "City"), Nash Phillips/Copus, Inc., a Texas Corporation ("NPC"), and Chandler Creek Land Venture, a Texas Joint Venture, mutually contract and agree as follows: ARTICLE I PARTIES This is a contract between the City, acting through its Mayor, Mike Robinson, as authorized by specific action of the Round Rock City Council, NPC, and Chandler Creek Land Venture, herein referred to as Petitioners, the holders of legal title to all of the land comprising the District, which consists of approximately 531.079 acres situated wholly in Williamson County, Texas, and lying within the extraterritorial jurisdiction of the City, which property is described on Exhibit "A" attached to the Petition for Consent to the Creation of a Municipal Utility District ("Petition"), concerning the Meadows at Chandler Creek Municipal Utility District ("District"), a municipal utility district proposed to be created by order of the Texas Water Commission and operating pursuant to Chapter 54, Texas Water Code. ARTICLE II ISSUANCE OF BONDS BY DISTRICT A. Water and wastewater trunk lines to serve the District will be constructed by the District pursuant to the.Utility Construction Contract between the City and the District, a copy of which is attached hereto as Exhibit "A". The District is hereby authorized to issue the bonds and notes described in the Utility Construction Contract. B. The District is hereby further authorized to issue bonds and notes for the purpose of paying the cost of purchasing, constructing, acquiring, owning, operating, repairing, improving, or extending the waterworks system, sanitary sewer system, and storm sewer system, to be located within and serve the District. C. The parties hereto acknowledge and agree that this Contract has the effect of restricting the general statutory purposes for which the District may issue bonds and notes. The parties further recognize and agree that this Contract does not restrict or limit the powers and authority of the District otherwise to acquire, own, operate and maintain water or wastewater systems, drainage facilities, recreational facilities, or any other systems, facilities, assets or properties of or serving the District. The District may use funds and assets from any other lawful source available to it to provide for such acquisition, ownership, maintenance and operation, as well as to accomplish any purpose and exercise any function, act, power or right authorized by law. Such funds and assets shall include, without limiting the generality of the foregoing, revenues from any of the systems, facilities, properties and assets of the District not otherwise committed for the payment of indebtedness of the District; ad valorem taxes; maintenance taxes; loans, gifts, grants and donations from public or private sources; and revenues from any other source lawfully available to the District. ARTICLE III PARKLAND NPC agrees to contribute to the District not less than thirty (30) acres of land for a park and to construct not less than $250,000 worth of improvements within that park as detailed in a "Park Plan" to be agreed to by the City and NPC. Construction of said improvements shall occur in stages as the District property is developed. Upon annexation by the City, such park shall become the property and responsibility of the City. ARTICLE IV UTILITIES IMPROVEMENTS The utility improvements to be constructed outside the boundaries of the District shall be as detailed in the attached Utility Construction Contract. The parties hereto agree to the following credits and payments in connection with those improvements: A. Off -Site Improvements 1. All off-site improvements will be built at no cost to the City. 2. The over -size portion of such improvements, currently estimated to be $472,600 worth of improvements, will be constructed by NPC. No subsequent User reimbursement will be paid to NPC for such improvements. B. Oversize Fees 3. NPC will pay the per lot wastewater oversize fee required by the applicable City ordinance. Said payment will be made within 30 days of the adoption by the City of the ordinance granting consent to the creation of the District. NPC will not be entitled to any subsequent reimbursement for the Chandler Creek Interceptor by later Users. Any such oversize charges collected by the City for the Chandler Creek Interceptor shall remain the property of the City. 4. NPC will pay the per lot water oversize fee, as required by the applicable City ordinance, and said fee will be paid at the time required by City ordinance. NPC may be entitled to reimbursement from the payment of subsequent User oversize fees in accordance with applicable City ordinances. C. Required On -Site Oversize Construction 5. Any oversizing required for water and sewer lines within the District (required by City ordinance or action of the City Planning and Zoning Commission or City Staff) occurring in the normal subdivision process will entitle NPC to the normal and customary reimbursement provided to any other developer. ARTICLE V DONATIONS OF LAND NPC agrees to donate to the City approximately 14,000 square feet of land located on Bowman Road, or located on a collector street readily accessible to Bowman Road, for use as a fire station/municipal services building. 2 4 NPC also agrees to negotiate with the Round Rock ISD for the sale of a elementary school site not to exceed ten (10) acres. ARTICLE VI INSPECTION SERVICES NPC agrees to pay for all inspection costs incurred by the City in connection with the construction by NPC, the District or their assigns of all public improvements for the District. ARTICLE VII LAND USE AND DEVELOPMENT A. NPC, its successors and assigns, covenant and agree that, at the time the creation of the District is confirmed by the residents of the District or prior to development of the Property, whichever occurs first, the following restrictive covenants, numbered one (1) through seven (7), shall be placed of record in the Real Property Records of Williamson County, Texas, in a form approved by the City Attorney, which covenants and restrictions shall run with the property and be binding upon NPC, and its successors and assigns: 1. The property shall be developed and maintained in a manner which meets or exceeds the standards for landscaping set out in the City's Landscape Ordinance, as codified in Chapter 3, Section 10, Code of Ordinances, City of Round Rock, as amended from time to time. 2. The property shall be developed and maintained in a manner which meets or exceeds the standards set out in the City's Stormwater Drainage Policy, as codified in Chapter 3, Section 11, and Chapter 8, Code of Ordinances, City of Round Rock, as amended from time to time. 3. Construction on the property shall be in compliance with the City's Building Code, including but not limited to any provisions thereof relating to construction in floodplains, the City's Plumbing Code and the City's Electrical Code, as the same may be amended from time to time. Inspection and approval of all construction by the City Building Inspection Department for compliance with this subsection 3 shall be required. 4. The subdivision of the property shall require approval of subdivision plats by the City Planning Commission as provided by Art. 974a V.T.C.S., as amended, and Chapter 8 of the Code of Ordinances, City of Round Rock, as amended from time to time. 5. Any use of any portion of the property for a use or uses other than single family residential, duplex residential, or commercial, shall require site plan approval of such use(s) by the Development Review Board in accordance with the site plan review procedures and the development standards prescribed by Chapter 11, Code of Ordinances, City of Round Rock. Such portion of the property requiring site plan approval shall be developed and maintained in a manner consistent with the approved site plan. 6. Any City reviews, permits, approvals or inspections required by these covenants and restrictions or necessary to evidence compliance herewith shall require the payment to the City of the standard fees for performing the same. 7. The erection, placement, size, and maintenance of billboards and signs shall be in strict compliance with Chapter 4, Section 6, Code of Ordinances, City of Round Rock. 3 a B. NPC, its successors and assigns, shall develop and maintain the land within the District in accordance with the land plan to be approved by and amended from time to time with the concurrence of a majority of the members of the City Council of the City and NPC, its successors and assigns (the "land plan") , except as otherwise hereinafter provided. The City Planning Commission shall make a recommendation to the City Council on any such proposed change in the land plan. Any decreases in land use intensity or density shall not require approval by the Planning Commission or City Council of the City, except as to plat approval by the Planning Commission as provided above'. C. NPC agrees to promptly petition for annexation a strip of land to be adjacent to the eastern right of way boundary of F.M. 1460; said area to be at least the width of the additional right of way needed for future widening of F.M. 1460 and to extend from the southernmost boundary to the northernmost boundary of the area to be included within the municipal utility district. D. In furtherance of the purposes of this Agreement, NPC, and its successors and assigns, covenant and agree to the extent allowed by law, that except upon written consent of the City Council it will not (1) seek or support any effort to incorporate any land in the District, or any part thereof; or (2) sign, join in, associate with, or direct to be signed any petition seeking to incorporate any land in the District or to include any such land within the boundaries of the City or any other incorporated entity. IN WITNESS WHEREOF each of the parties has caused this Contract to be executed by its duly authorized representative, in multiple copies, each of equal dignity, on the date or dates indicated below. CITY OF ROUND ROCK, TEXAS By: Mike Robinson, Mayor Executed on: , 1984 NASH PHILLIPS-COPUS, INC. By: Its Executed on: , 1984 CHANDLER CREEK LAND VENTURE, A Texas Joint Venture Partnership By: Its Executed on: , 1984 4 AGREEMENT CONCERNING CREATION AND OPERATION OF THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT THE STATE OF TEXAS COUNTY OF WILLIAMSON X X KNOW ALL MEN BY THESE PRESENTS: X THAT FOR and in consideration of the mutual agreements, conditions, and covenants contained herein, the City of Round Rock, Texas (the "City"), The Meadows at Chandler Creek Venture, a Texas joint venture ("Meadows"), and The Meadows at Chandler Creek Municipal Utility District (the "District"), mutually contract and agree as follows: ARTICLE I PARTIES This is a contract between the City, acting through its Mayor, Mike Robinson, as authorized by specific action of the Round Rock City Council and Meadows, hereinafter referred to as Petitioner , the holder of legal title to all of the land comprising the District, which consists of approximately 531.079 acres situated wholly in Williamson County, Texas, and :ving within the extra- territorial jurisdiction of the City, which property is described on Exhibit "A" attached to the Petition for Consent to the Creation of a Municipal Utility District ("Petition"), concerning the Meadows at Chandler Creek Municipal Utility District ("District"), a municipal utility district created by order of the Texas Water Commission and operating pursuant to Chapter 54, Texas Water Code. ARTICLE II ISSUANCE OF BONDS BY DISTRICT A. Water and wastewater trunk lineE to serve the District will be constructed by the District pursuant to the Utility Construction Contract between the City and the District, a copy of which is attached hereto as Exhibit "A". The District is hereby authorized to issue the bonds and notes described in the Utility Construction Contract. B. The District is hereby further authorized to issue bonds and notes for the purpose of paying the cost of purchasing, con- structing, acquiring, owning, operating, repairing, improving, or extending the waterworks system, sanitary sewer system, and storm sewer system, to he located within and serve the District. C. The parties hereto acknowledge and agree that this Contract has the effect of restricting the general statutory purposes for which the. District may issue: bonds and notes. The parties further recognize and agree that this Contract does not restrict or limit the powers and authority of the District other- wise to acquire, own, operate and maintain water or wastewater systems, drainage facilities, recreational facilities, or any other systems, facilities, assets or properties of or serving the District. The District may use funds and. assets from any other lawful source available to it to provide for such acquisition, ownership, maintenance and operation, as well as to accomplish any purpose and exercise any function, act, power or right authorized by law. Such funds and assets shall include, without limiting the generality of the foregoing, revenues from any of the systems, facilities, properties and assets of the District not otherwise committed for the payment of indebtedness of the District; ad valorem taxes; maintenance taxes; loans, gifts, grants and dona- tions from public or private sources; and revenues from any other source lawfully available to the District. 6RA210:RA8f1 -1- ARTICLE III PARKLAND Meadows agrees to contribute to the District not less than thirty (30) acres of land for a park and to construct not less than $250,000 worth of improvements within that park as detailed in a "Park Plan" to be agreed to by the City and Meadows. Construction of said improvements shall occur in stages as the District property is developed. Upon annexation by the City, such park shall become the property and responsibility of the City. ARTICLE IV UTILITIES IMPROVEMENTS The utility improvements to be constructed outside the bound- aries of the District shall be as detailed in the attached Utility Construction Contract. The parties hereto agree to the following credits and payments in connection with those improvements: A. Off -Site Improvements 1. All off-site improvements will be built at no cost to the City. 2. The over -size portion of such improvements, currently estimated to be $472,600 worth of improvements, will be constructed by Meadows. No subsequent User reimbursement will be paid to Meadows for such improvements. B. Oversize Fees 3. Meadows will pay the per lot wastewater oversize fee required by the applicable City ordinance. Said payment will be made within 30 days of the adoption by the City of the ordinance granting consent to the creation of the District. Meadows will not be entitled to any subsequent reimbursement for the Chandler Creek Interceptor by later Users. Any such oversize charges collected by the City for the Chandler Creek Interceptor shall remain the property of the City. 4. Meadows will pay the per lot water oversize fee, as required by the applicable City ordinance, and said fee will be paid at the time required by City ordinance. Meadows may be entitled to reimbursement from the payment of subsequent User oversize fees in accordance with applicable City ordinances. C. Required On -Site Oversize Construction 5. Any oversizing required for water and sewer lines within the District (required by City ordinance or action of the City Planning and Zoning Commission or City Staff) occurring in the normal subdivision process will entitle Meadows to the normal and customary reimbursement provided to any other developer. ARTICLE V Meadows agrees to donate to the City approximately 14,000 square feet of land located on Bowman Road, or located on a collector street readily accessible to Bowman Road, for use as a fire station/municipal services building. Meadows also agrees to negotiate with the Round Rock ISD for the sale of an elementary school site not to exceed ten (10) acres. 6RA210:RA8f1 -2- ARTICLE VI INSPECTION SERVICES Meadows agrees to pay for all inspection costs incurred by the City in connection with the construction by Meadows, the District or their assigns of all public improvements for the District. ARTICLE VII LAND USE AND DEVELOPMENT A. Meadows, its successors and assigns, covenant and agree that, at the time the creation of the District is confirmed by the residents of the District or prior to development of the Property, whichever occurs first, the following restrictive covenants, numbered one (1) through seven (7), shall be placed of record in the Real Property Records of Williamson County, Texas, in a form approved by the City Attorney, which covenants and restrictions shall run with the property and be binding upon Meadows, and its successors and assigns: 1. The property shall be developed and maintained in a manner which meets or exceeds the.standards for landscaping set out in the City's Landscape Ordinance, as codified in Chapter 3, Section 10, Code of Ordinances, City of Round Rock, as amended from time to time. 2. The property shall be developed and maintained in a manner which meets or exceeds the standards set out in the Citv's Stormwater Drainage Policy, as codified in Chapter 3, Section 11, and Chapter 8, Code of Ordinances, City of Round Rock, as amended from time to time. 3. Construction on the property shall be in compliance with the City's Building Code, including but not limited to any provi- sions thereof relating to construction in floodplains, the City's Plumbing Code and the city's Electrical Code, as the same may be amended from time to time. Inspection and approval of all con- struction by the City Building Inspection Department for compliance with this subsection 3 shall be required. 4. The subdivision of the property shall require approval of subdivision plats by the City Planning Commission as provided by Art. 974a V.T.C.S., as amended, and Chapter 8 of the Code of Ordinances, City of Round Rock, as amended from time to time. 5. Any use of any portion of the property for a use or uses other than single family residential, duplex residential, or commercial, shall require site plan approval of such use(s) by the Development Review Board in accordance with the site plan review procedures and the development standards prescribed by Chapter. 11, Code of Ordinances, City of Round Rock. Such portion of the property requiring site plan approval shall be developed and maintained in a manner consistent with the approved site plan. 6. Any City reviews, permits, approvals or inspections required by these covenants and restrictions or necessary to evidence compliance herewith shall require the payment to the City of the standard fees for performing the same. 7. The erection, placement, size, and maintenance of bill- boards and signs shall be in strict compliance with Chapter 4, Section 6, Code of Ordinances, City of Round Rock. B. NPC, its successors and assigns, shall develop and maintain the land within the District in accordance with the land plan to be approved by and amended from time to time with the concurrence of a majority of the members of the City Council of the City and NPC, its successors and assigns (the "land plan"), except as otherwise hereinafter provided. The City Planning Commission 6RA210:RA8f1 -3- shall make a recommendation to the City Council on any such pro- posed change in the land plan. Any decreases in land use intensity or density shall not require approval by the Planning Commission or City Council of the City, except as to plat approval by the Planning Commission as provided above. C. Meadows agrees to promptly petition for annexation a strip of land to be adjacent to the eastern right of way boundary of F.M. 1460; said area to be at least the width of the additional right of way needed for future widening of F.M. 1460 and to extend from the southernmost boundary to the northernmost boundary of the area to be included within the municipal utility district. D. In furtherance of the purposes of this Agreement, Meadows, and its successors and assigns, covenant and agree to the extent allowed by law, that except upon written consent of the City Council it will not (1) seek or support any effort to incorporate any land in the District, or any part thereof; or (2) sign, join in, associate with, or direct to be signed any petition seeking to incorporate any land in the District or to include any such land within the boundaries of the City or any other incorporated entity. IN WITNESS WHEREOF each of the parties has caused this Contract to be executed by its duly authorized representative, in multiple copies, each of equal dignity, on the date or dates indicated below. CITY OF ROUND ROCK, TEXAS B y : 77A,,�G�-.-.� Mike Robinson, Mayor Executed on: June 26 THE MEADOWS AT CHANDLER CREEK VENTURE, a Texas joint venture , 1986 BY: NASH PHILLIPS/COPUS, INC., Managing Venturer By: . Davis Exe '!"ed on: , its Senior Vice President , 1986 THE MEADOWS AT CHANDLER CREEK By: aymond Preside UTILITY DISTRICT Gi1.l, Board o Directors Executed on: J , 1986 6RA210:RA8f1 —4— AGREEMENT BETWEEN THE CITY OF ROUND ROCK AND THE MEADOWS AT CHANDLER CREEKMUNICIPAL UTILITY DISTRICT The State of Texas • Know All Men By These Presents: County of Williamson THAT FOR and in consideration of the mutual agreements, conditions, and covenants contained herein, the City of Round Rock, Texas (the "City"), and The Meadows At Chandler Creek Municipal Utility District (the "District"), mutually contract and agree as follows:. 1. The City agrees to sell and to deliver water within the boundaries of the District for domestic and commercial uses, such water to be supplied from the City's water distribution system as extended by the District pursuant to the Construction Contract. "Water" as used in this section means potable water meeting the requirements of the Texas Department of Health for human consumption and other domestic uses. The City presently has an adequate water supply to provide service to the District. The District specifically agrees that the supply of water to the District residents may be reasonably limited by the City on the same basis and to the same extent as the. supply of water to any other customers within the City. The District shall promote compliance with the City's water conservation ordinances, as amended from time to time. The District agrees that the City will be the sole source of water to the District and that the District and that the District will not seek to develop its own wells, except in the event the City is no longer able to provide water service. 2. On behalf of the District, the City agrees to sell and deliver water service to the Users within the District. Said sales will be directly to the residents of the District, and no master meter will be installed for billing purposes. The rates charged by the City to the District for Users of the District for water actually delivered pursuant to this agreement shall be 1.65 times the amount charged by the City for comparable users within the City, as established from time to time, by the Round Rock City Council; also, the base charge shall be one dollar ($1.00) over the base water charge charged by the City for comparable users within the City, as established from time to time, by the Round Rock City Council. 3. During construction of all public improvements and construction of all private structures, the City shall sell water at in -city bulk rates to contractors and subcontractors through appropriate identified fire hydrants. 4. The City agrees to receive, treat, collect, and dispose of sewage within the boundaries of the District, such sewage to be collected into the City's sanitary sewer trunk line as extended by the District pursuant to the Utility Construction Contract. The District specifically agrees that the treatment of sewage received from the District may be reasonably limited by the City on the same basis and to the same extent as the treatment of sewage received from any other customer within the City. The District agrees that the City will be the sole source of sewage treatment service to the District and that the District will not seek to construct its own treatment facilities, except in the event the City is no longer able to provide sewer treatment service. 5. The City agrees to sell wastewater collection and treatment services to the Users within the boundaries of the District. The rates charged by the City to the District for such Users within the District for wastewater services pursuant to this agreement shall be 1.65 times the amount charged by the City for comparable Users within the City, as established from time to time, by City Council; also, the base wastewater charge eshallnd be onekdollar ($1.00) over the base wastewater charge charged by the City for comparable Users within the City as established from time to time, by the Round Rock City Council. 6. The District agrees to pay the City to make all utility repairs, and maintain all facilities, for all such District improvements, and payment will be made in accordance with the schedule attached hereto as Exhibit "A". 7. The District agrees to set and maintain water and wastewater rates sufficient.to pay the following: a. To pay for water and wastewater services delivered by the City pursuant to this Agreement, an amount equal to 1.65 times the amount charged by the City for comparable Users within the City, as. established. from time to time, by the Round Rock City Council; also the minimum charge for water and wastewater services shall each be one dollar ($1.00) over the minimum water charge and wastwater charge, respectively, charged by the City for comparable Users within the City, as established from time to time, by the Round Rock City Council. b. To pay for utility repairs and maintenance of facilities by the City pursuant to this Agreement, an amount sufficient to make payment to the City in accordance with the schedule attached hereto. c. For all other operation and maintenance expenses, an amount sufficient to meet such expenses as they come due. d. For debt service on any bonds issued by the District, an amount as deemed appropriate by the Board of Directors of the District. 8. The District agrees to supply the City with a copy of each action by the District setting the rate pursuant to Paragraph 9 within seven (7) days of such action. On behalf of the District, the City shall perform all services required to collect said charges directly from the Users, including the reading of meters, billing of Users, and collection of charges. Billings and payments will be rendered to Users of the District in substantial compliance with the procedures established in the City of Round Rock ordinances, as now in effect or hereafter amended. 9. The City will retain for its own account as payment for water, wastewater services and repair and maintenance of the District's facilities all money collected from the Users of the District pursuant to Paragraphs 7(a) and (b). All other moneys collected by the City shall be remitted to the District's account for use by the District and shall be hereinafter referred to as "Net Revenues". -2- 10. The City acknowledges that any bonds issued by the District may be secured by a pledge of the Net Revenues from the operation of the District's water and sewer and/or drainage systems, and the City covenants to cooperate with the District and assist in the computation of revenue and expenses of such systems. 11. The City agrees to provide fire protection services comparable to the service rendered to residents within the City for all residents and structures, such services to be provided by the City fire department authorized to perform comparable services for the City residents and facilities. The cost of said services shall be billed by the City to the residents and other users as follows: a. For all single family residences, duplexes, and commercial users the rate shall be $9.00 per month for each metered unit serviced. b. For all multifamily users, the rate shall be the greater of $9.00 per month for each metered unit serviced or for each LUE as calculated pursuant to Chapter 10, Section 4.A (6)(a), Code of Ordinances, City of Round Rock. The City shall perform all services necessary to collect said charges directly from the User, including the billing of Users and collection of charges. Such charge shall be included on the bill with the base rate charges for water and wastewater services. 12. The City shall furnish garbage service to all Users of the District on a comparable basis to that offered for City residents and at the same rate charged residents within the City. Further, the City shall bill all Users directly, and shall collect all funds due for garbage service directly from said Users. 13. When a bond issue of the District becomes rated by Moody's and/or Standard and Poor's, it is agreed that the District shall apply for an appropriate amount of bond insurance for that and all subsequent rated issues. It is agreed that the District will use its best efforts to -secure ratings for its issues. 14. Except as provided in the Utility Construction Contract, the District may not construct or install water or wastewater lines or facilities to serve the area outside the District, or sell or deliver City water or wastewater service to areas outside the District, or annex any additional lands to the District without the prior approval of the Round Rock City Council. 15. The City shall not be liable to the District or any utility User of the District for the failure of the City to provide water, sewer, fire or garbage service where the failure results from Force Majeure. The term "Force Majeure" as employed herein, shall mean acts of God, strikes, lockouts, or other industrial disturbances, act of public enemy, orders of any kind of the Government of the United States or the State of Texas or any civil or military authority, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, hurricanes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accidents -3- to machinery, pipelines, or canals, or other causes not reasonably within the control of the City. It is understood and agreed that the settlement of strikes and lockouts shall be entirely within the discretion of the'City, 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 appraising party or parties when such settlement is unfavorable in the judgment of the City. 16. The District agrees that it shall issue bonds, notes, or other obligations only for the purposes and in the manner provided by this Agreement. It is specifically agreed however, that the District's bonds, when issued, may be secured by a pledge of the District's taxes or Net Revenues or both. 17. The District agrees that at least 90% of the facilities and amenities for which the District bonds have been authorized will be installed within twelve (12) years from the date of execution of this Contract by the District. If such facilities are installed,prior to such date, the City may annex the District at any time thereafter. In the event the District violates the terms and provisions of the City's written consent, as set forth herein, the City shall be entitled to injunctive relief or a writ of mandamus issued by a court of competent jurisdiction restraining, compelling or requiring the District and its officials to observe and comply with the terms and provisions prescribed in the City's written consent to the inclusion of land within the District, as provided in Article 54.016 of the Texas Water Code. In addition to the remedies provided in said Article, if installation of 90% or more of the facilities and amenities for which District bonds have been authorized has not been accomplished within the twelve (12) year period, the City, at its option, may revoke its authorization for or approval of the installation of any further facilities or amenities and also may revoke its authorization for the issuance of the balance of the District's unissued bonds; provided, however, that the City's right to revoke such authorization may be exercised only if the City concurrently annexes the entire District as it then exists; and provided further that, if the installation of any items of authorized facilities has commenced in good faith in compliance with and in reliance on the provisions hereof and is in progress at the time the City proposes to revoke such authorizations, the annexation of the District to the City and the revocation of such authorizations shall be postponed until the installation of the items has been completed and the purchase of such items with the proceeds from the sale of District funds of the District has been accomplished. Ats any or other following the installation of the requisite percentage of District facilities, the annexation process may be completed and the District included within the corporate boundaries of the City. The District shali be dissolved on the date and in the manner specified in the ordinance completing such annexation, but in no event more than ninety (90) days after the effective date of such annexation. Upon the dissolution of the District, the City shall immediately succeed to all properties, powers, duties, assets, debts, liabilities, and obligations of the District. 18. After annexation of the District into the City, the City may collect a surcharge in addition to the rates of water and sewer services for property that was within the territorial boundaries of the District at the time of annexation, as provided by Section 54.016 (h) of the Texas Water Code. Such surcharge shall be calculated according to the criteria and formula provided. for in Exhibit "B" attached hereto and incorporated herein by reference. The surcharge may continue until the City has been wholly compensated for its assumption of the debt service on the Bonds of the District. 19. All contract obligations and responsibilities of the District under this Contract shall terminate when the area within the District is annexed to the City. 20. All Water, wastewater, and drainage facilities to be acquired or constructed by the District may be constructed by NPC, with the consent of the District. Neither NPC nor the District shall commence construction of any facility unless the plans and specifications for such facility have been approved by the City, the Texas Department of Water Resources, the Texas Department of Health, where applicable, and all other governmental agencies having jurisdiction. Upon issuance and sale of its bonds for such purposes, the District shall pay NPC the cost of construction of any such facilities constructed by NPC to the extent authorized by the Texas Department of Water Resources and permitted by the City agreement hereunder. To the extent the District is not permitted to pay NPC for any such facilities, NPC shall dedicate the facilities to the District without compensation. 21. Easements and rights-of-way needed for District purposes within the District will be dedicated to the District by NPC or its assigns. The District may acquire land from NPC in accordance with the rules of the Texas Department of Water Resources. Land and rights-of-way outside the District needed by the District may be acquired by the District in accordance with the usual and customary public purchasing standards and procedures applicable to the District. 22. This Contract shall be effective from the date of execution hereof by the City and shall continue in effect for a period of forty (40) years. This Contract may be executed by the City prior to creation of the District and shall be binding upon the City of a period of one year such execution by the City pending creation and confirmation of the District. Upon said creation and approval and execution of this Contract by the District, it shall thereafter be binding upon the parties in accordance with its terms. IN WITNESS WHEREOF, each of the parties hereto has caused this agreement to be executed by its undersigned duly authorized representative, in multiple copies, each of equal dignity, as of the date hereinabove first mentioned. Attest: 1 1 J V: nne Land C ty Secretary Attes J•.' n H. Pratt •secretary 6RA101:RA5f1 CITY OF ROUND ROCK, TEXAS By: Mike Robinson, Mayor Executed on: June 26, 1986 THE MEADOWS AT CHANDLER CREEK M,IICIPAL ILITY DISTRICT By: Raymond A Gill, Jr.-(", Presiden Board of i rectors Executed on: June 19, 1986 EXHIBIT A AVERAGE COST FOR VARIOUS TYPES OF WATER AND SEWER MAINTENANCE REPAIRS TYPE: 1. Water Service Break Behind Curb 2. Water Main Break Behind Curb 3. Water Tap Behind Curb 4. Water Main Break in Street 5. Sewer Tap Behind Curb 6. Sewer Line Repair Behind Curb 7. For Small Street Repair (4' x 30') 8. For Street Repair Overlay (4 hrs.) COST: $350.31 420.55 409.92 692.94 390.76 376.76 588.30 $905.88 NOTE: These cost do not reflect any more than routine repairs during normal working hours. There would be additional charges for overtime, standby pay, rental equipment or extraordinary supplies or personnel with equipment to complete the job in question. All above listed costs are subject to annual review and update by December 31st of each year. EXHIBIT B MONTHLY SURCHARGE CALCULATION Monthly surcharge formula A + F = monthly surcharge 12 x D A = Annual Debt Service Requirement for that calendar year for District Bonds D = Number of residents and other users in the District on December 31 of the preceeding year as determined in accordance with Section 11 of the contract to which this Exhibit is attached. F = Fees required in connection with the bonds The surcharge will be imposed on the date annexation occurs and will be calculated on the annexation date pro rata for the remainder of that calendar year and on January 1 of each succeeding year for the months in that calendar year. The amount actually charged for a monthly surcharge shall not exceed $50.00. In the event the above formula provides for a monthly surcharge in excess of $50.00, the monthly surcharge for that month and each succeeding month shall be $50.00 until such time as the amount collected pursuant to the monthly surcharge is equal to the amount which would have been collected pursuant to the monthly surcharge formula but for the ceiling of $50.00per month. The monthly surcharge shall be billed by the city as an addition to the users residing in the district after annexation in accordance with the contract to which this Exhibit is attached. UTILITY CONSTRUCTION CONTRACT BETWEEN CITY OF ROUND ROCK, TEXAS THE MEADOWS AT CHANDLER CREEK MUNICIPAI, UTILITY DISTRICT This Contract is entered into as of the 26th day of June , 1986, by and between the CITY OF ROUND ROCK, TEXAS (the "City"), a Home Rule City located in Williamson County, Texas, and THE MEADOWS AT CHANDLER CREEK MUNICIPAL UTILITY DISTRICT (the "District"), a district created pursuant to Aricle XVI, Section 59 of the Texas Constitution and operating under the provisions of Chapter 54, Texas Water Code. RECITALS WHEREAS the City operates a water supply system and a sanitary sewer collection and treatment system serving areas within and adjacent to the City and; WHEREAS the District desires to obtain access to the City's water supply in order to provide a dependable supply of potable water for the District and access to the City's sanitary sewer system in order to provide for the transportation, treatment, and disposal of sewage from within the District, and WHEREAS the District is authorized by Chapter 54, Texas Water Code to purchase, construct and acquire, inside or outside its boundaries, works, improvements, and facilities helpful or necessary to supply water for municipal uses, domestic uses, and commercial purposes and to collect, transport, and dispose of wate, and WHEREAS the Board of Directors of the District has deter- mined that it is in the best interest of the District to cooperate with the City in the acquisition and construction of extensions to the City's water supply and sanitary sewer collection facilities, and WHEREAS the City has determined that it is appropriate to provide water and sanitary sewer service within said area to protect the health and welfare of present and future residents 6RA102:RA5f1 za ,1/MUD2 of the area and of portions of the City in proximity thereto, and WHEREAS the City and the District are authorized to make and enter into this Contract by Article 1109j, Texas Civil Statutes, as amended. NOW THEREFORE, in consideration of the the premises and the mutual obligations and benefits herein contained, the City and the District contract and agree as follows: AGREEMENT Section 1. DEFINITIONS. The terms and expressions used in this Contract, unless the context shows clearly otherwise, shall have meanings as follows: (a) "Project" means the water main and sanitary sewer main extensions and improvements described in Exhibit "A" attached to this Contract. The exact alignment and configuration of the extensions may vary depend- ing upon the final engineering design which shall be approved by consulting engineers for the District and the Directors or acting Directors of the City's Water and Wastewater and Public Works Departments. (b) "Board" and "Board of Directors" means the Board of Directors of the District. (c) "Bonds" means the bonds or notes issued by the District for acquiring, by purchase and/or construc- tion, the Project, whether in one of more series or issues. (d) "Bond Resolution" means any resolution of the Board of Directors authorizing the issuance of Bonds and providing for their security and payment, as such resolutions(s) may be amended from time to time as therein permitted. Section 2. OBLIGATION OF DISTRICT TO ACQUIRE. Subject to the limitations set forth herein, the District will acquire, by purchase and/or construction, the Project and agrees to pay • and will pay, all of the actual costs of acquiring the Project through the issuance of Bonds to provide the money for such payment, all in the manner hereinafter described. The District agrees to proceed promptly to obtain the necessary approvals to issue the Bonds and acquire the Project. Upon obtaining said approvals, the District will proceed promptly to issue and sell the Bonds and thereafter to purchase and/or construct the Project as soon as practicable, but shall not be liable for any 1/MUD2 damages occasioned by delays in completion of Section 3. DISTRICT'S BOND RESOLUTION. the sale of the Bonds will be used to pay all expenses and costs in connection with the Bonds, including, without limitation, all printing, and other expenses incurred the Project. The proceeds from of the District's Project and the financing, legal, in connection with the issuance, sale, and delivery of the Bonds. issued in an amount sufficient to cover Project and all the aforesaid expenses and Such Bonds will be the costs of the to provide for the payment of interest on the Bonds for a period not to exceed two (2) years. A substantial draft of each Bond Resolution of the District, showing the principal amount, maturities, the funds created, and other pertinent features with respect to the Bonds authorized thereby, must be delivered to and approved by the City prior to the delivery to the purchaser of any Bonds authorized by such Bond Resolution; and the approval of such draft by the City will Constitute agreement by the City that the amount of the Bonds and all provisions of the Bond Resolu- tion are in compliance with this Contract in all respects. Section 4. CONSULTING ENGINEERS. The District and the City shall agree on the "Consulting Engineers" for the Project and the Project will be constructed in accordance with plans and specifications which have been prepared by the Consulting Engineers and approved by the City. It is the Consulting Engineers may be changed, agreement of both the District and the City. Section 5. ACQUISITION CONTRACT; BOND PROCEEDS. The District may enter into such contracts as are necessary to provide for acquiring, by purchase and construction, the entire Project, and said contracts shall be approved and executed as further agreed that but only with the required by the laws and regulations applicable to municipal utility districts and shall be awarded by competitive bidding as directed by the City. In addition, each such contract must be submitted to and approved by the City prior to execution by the District. The District shall deposit all proceeds from the '1/MUD2 sale of Bonds (after deducting therefrom any amounts required to be deposited into any fund created by a Bond Resolution and the amount of all expenses of issuing the Bonds) into a Construction Fund, at a depository of the District. The Dis- trict shall draw on and use said Contruction Fund to pay the costs of acquiring the Project, provided that expenditures from the Construction Fund must be for project costs recommended for payment by the Consulting Engineers. Any Bond proceeds remain- ing in the Construction Fund after completion of the Project shall be deposited into the debt service fund created by the Bond Resolution. Section 6. OWNERSHIP AND OPERATION. Upon completion of the purchase and construction of the portion of the Project outside the boundaries of the District, the City shall become the owner of that portion of the Project after final acceptance by the City and will thereafter operate and maintain that portion of the Project at its expense. The City hereby reserv- es the oversize capacity of certain improvements within the boundaries of the Disrict, as described on Exhibit "A", to he owned by the District. Section 7. INSURANCE. During such time as the District or its contractors engage in construction work in relation to the Project, the District agrees to require all contractors per- forming work to provide adequate insurance in relation to the Project and work being performed as is usually carried by contractors constructing like properties and also require all contractors to carry worker's compensation insurance. Upon completion of construction of the Project and the dedication thereto the the City under the terms hereof, the City agrees to carry insurance on the Project of a kind an in an amount which are customarily carried by municipal corporations in relation to the ownership and operations of utility properties. Section 8. CONDITIONS PRECEDENT. The obligation of the District to acquire the Project shall be conditioned upon the following: 1/MUD2 the City authorizes use by the District of any and all real property, streets, alleys, public ways and places, and general utility or water easements of the City for acquisition and construction of the Project, so long as such use by the Dis- trict does not interfere with any lawful use by the City. The City further agrees that it will provide right-of-way for the Project and will proceed immediately to acquire any necessary right-of-way by purchase, contract or condemnation. The City's costs of acquiring such right-of-way shallbe considered Project costs and will be reimbursed by the District out of Bond proceeds. Section 10. (a) Approval of the Project by the Texas Department of Water Resources, Texas Department of Health, and any and all other local, state or federal agencies having jurisdiction; and (b) Sale of Bonds in an amount sufficient to pay the costs of the acquisition of the Project and .the expenses of issuing the Bonds; and (c) The District's ability, or the ability of its con- tractors, to obtain all material, labor, equipment necessary for the Project. Section 9. USE OF CITY'S PROPERTY. By these presents, FORCE MAJEURE. If, by reason of Force Majeure, any party hereto shall be rendered unable wholly or in part to carry out its obligations under this Contract then such party shall give notice and full particulars of such Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause of relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as herein- after provided; but for no longer period, and any such party shall endeavor to remove or overcome suchinability with all reasonable dispatch. The term Force Majeure as employeed herein, shall mean acts of God, strikes, lockouts, or other industrial disturbances, act of public enemy, orders of any kind of the Government of the United States or the State of Texas or any civil or military authority, insurrections, riots, epidemics, landslides, lightning, earthquake, fires, hurri- canes, storms, floods, washouts, droughts, arrests, restraint of government and people, civil disturbances, explosions, breakage or accidents to machinery, pipelines, or canals, or 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 11. REGULATORY BODIES. This Contract, and the acquisition of the Project, shall be subject to all valid rules, regulations, and laws applicable thereto passed or promulgated by the United States of America, the State of Texas, or any governmental body or agency having lawful juris- diction or any authorized representative thereof. Section 12. PARTIES IN INTEREST. This Contract shall be for the sole and exclusive benefit of the City and the District and shall not be construed to confer any benefit or right upon any other parties. Section 13. SEVERABILITY. The provisions of this Con- tract are severable, and if any word, phrase, clause, sentence, or other part of this Contract or the to any person or circumstances shall ever of competent jurisdiction to be invalid or any reason, the remainder of this Contract paragraph, section application thereof be held by any court unconstitutional for and the application of such word, phrase, clause, sentence, paragraph, section or other part of this Contract to other persons or circumstances shall not be affected thereby. 6 Section 14. TERM OF CONTRACT. This Contract shall be in force and effect until the Project is completed and accepted in whole by the City pursuant to Section 6 hereof, at which time this Contract shall terminate, provided that in no event shall the term of this Contract exceed forty (40) years. Section 15. EXECUTION OF CONTRACT. This Contract may be executed by the City prior to the creation of the District and shall be binding upon the City for a period of one (1) year pending creation and confirmation of the District. Upon said creation, and approval and execution of this Contract by the Board of Directors thereof, it shall thereafter be binding upon all parties in accordance with its terms. IN WITNESS WHEREOF, the District and the City, acting under authority of their respective governing bodies, have caused multiple copies of this Contract to be duly executed, each of such copies to be of equal dignity, all as of the date and year first herein written. CITY OF ROUND ROCK B y : 2 ^ /'l ✓LZti-,^ Mike Robinson, Mayor THE MEADOWS AT CHANDLER CREEK M `•► TILITY DISTRI T By: 6RA102:RAf1 PresidBoard611, 'rectors