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HomeMy WebLinkAboutRES 052416-I (group 1) - MUD CreationRESOLUTION NO. OS a4 l 1, — A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS REGARDING THE CREATION OF A MUNICIPAL UTILITY DISTRICT IN THE CORPORATE LIMITS OF THE CITY OF GEORGETOWN ON 278 +/- ACRES OF LAND. WHEREAS, Owner is the owner of that certain real property described by metes and bounds and sketch on Exhibit A. consisting of approximately 278 +/- acres of land (the "Land"). The Land lies entirely within the City's corporate limits. WHEREAS, on October 15, 2015, Owner filed with the City Secretary s office a petition requesting the consent of the City to the creation of a municipal utility district on the Land (the "Creation Petition'). WHEREAS, the City and Owner intend to enter into a Consent Agreement pertaining to creation of a municipal utility district on the Land to be known as Williamson County Municipal District No. 34 (the "District " WHEREAS, Section 42.042 of the Texas Local Government Code and Section 54.016 of the Texas Water Code require the City's written consent to create a municipal utility district within a City's corporate limits. Section 13.10 of the City's Unified Development Code ("UDC") sets forth the City's requirements for requests to create a special district. WHEREAS, the City desires to consent to creation of the District bn the Land subject to the terms and conditions of this Resolution and the Consent Agreement. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS THAT: SECTION 1: The City Council hereby finds that the statements set forth in the preamble of this Resolution are true and correct, and the recitals are hereby incorporated by reference herein and shall have the same force and effect as if set forth in this Section. SECTION 2: The City Council hereby approves creation of a municipal utility district on the Land, subject to the terms and conditions of the Consent Agreement, which is attached hereto as Exhibit B. The City Council also hereby authorizes the Mayor or the Mayor Pro Tem to execute the Consent Agreement on behalf of the City of Georgetown, Texas, subject to the requirements to have public hearings if required by law. Resolution Consenting to MUD Creation Williamson County MUD No. 34— Shadow Canyon Page 1 of 3 SECTION 3. The City Manager, City Attorney, and City Secretary are hereby authorized, empowered, and directed to do and perform all such acts as may be necessary to execute, acknowledge, and deliver in the name of and on behalf of the City of Georgetown, Texas, the Consent Agreement substantially in the form attached hereto as Exhibit B. SECTION 4: City's consent given herein is expressly subject to the requirement that the Owner shall have no authority to commence development on the Land and City shall have no obligation to process applications or requests for development authorizations prior to the City and the Owner or District executing the Consent Agreement. City's consent given herein is also expressly subject to the requirement that each District's Board of Directors must accept the assignment of the Consent Agreement, ratify and agree to be bound by the terms thereof. Ratification and acceptance of the Consent Agreement shall be the first substantive order of business following the District's organization, confirmation election and other preliminary matters necessary to constitute the District's governing body. A District shall have no authority to issue bonds prior to its ratification and acceptance of the Consent Agreement. SECTION 5. It is hereby officially found and determined that the meeting at which this Resolution was considered was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by the Texas Open Meetings Act, Chapter 551, Texas Government Code. SECTION 6: The Mayor (or Mayor Pro Tem) is hereby authorized to sign this Resolution and the City Secretary is authorized to attest. This Resolution shall become effective immediately upon its passage and shall prevail over conflicting provisions in prior Resolutions or City Council actions, if any. In the event of any conflict between this Resolution and provisions in the Consent Agreement the provisions in the Consent Agreement shall control. EXHIBIT LIST: Exhibit A Land (metes and bounds) Exhibit B Consent Agreement RESOLVED thiQL0 day of KW( 12016. THE CITY OF GEORGETOWN, TEXAS: Dale Ross, Mayor Resolution Consenting to MUD Creation Williamson County MUD No. 34 - Shadow Canyon Page 2 of 3 ATTEST: 6 Shelley Nowling, 'ty Secretary APPROVED AS TO FORM: Charlie McNabb, City Attomey Resolution Consenting to MUD Creation Williamson County MUD No. 34 - Shadow Canyon Page 3 of 3 Exhibit Page I of 10 }ne 1' Land Surveyors, Inc, n33 Grarr O.hrktdrJsx )lua* T&W 787S4 #10015100 O�rered'Fire fira� SIZ374.9722 Par. 572.873-9743 METES AND BOUNDS DESCRIPTION BEING 278.21 ACRES OF LAND OUT OF THE ISAAC DONAGAN SURVEY, A➢STRACT NUMBER 178 AND THE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 609; BOTli IN WILLIAMSON COUNTY, TEXAS, AND BEING THAT RAMS TRACT OF LAND CONVEYED AS 278212 ACRES TO 278 GEORGETOWN INC. BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2014094143 OF THE OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a 12" rebar found for the northernmost northeast camer'of said 278.212 acre bract, being the northwest comer of a 10.550 am tract of land conveyed to MGC Highway 29 Development, LLC by instrument of record in DocumentNumber 2007014835 of the Official Public Records of Williamson County, Texas and also betng in line scut[ right -cif -way lbw of State Highway Number 29 (R.O. W. vadoa); THENCE along the north line of the 278.212 acro tract and the west and soidh lines of said 10.550 nor mist the following four (4) courses: 1. South 04928'24" West (record: South 04"31'00" Wast), passing at a distance of 18.38 Riess VT' rebar found with plastic cap, whioh reeds "G & R Survaying" and continuing for a betel distanceof71.56 feet (rword: 71.55 feat) to a 12"robar found; a 2. South 72046'33" East a distsnce of 55693 feet (record: South 72-48145" Pest a distance of 556.79 feet) to a 12" mbar setwith plastic cep,.vfiich reads'Baselire, Inc."; 3. South 79a18'22" East n dismanm of 70.58 feet (rc=M: South 79022115" East a distance of 70.62 feet) to a 5/8" mbarfound; 4. Northh 69e16'34" East a dinonce of 197.69 feet (exord: North 69°18'00" East a distance of 197.85 rest) to a 12" tabor set wits plastic cap, which reads 'Baseline, Inc." for the easternmost northeast comer often 278.212 acre tract: THENCE South 25'58.40" East (record: South 2e0l'IS' East), along 0e east line of the 278212 acre Urea and continuing along the south line ofthe 10.550 am tract a distance 01`51.59 feel (record: 51.61 fbct) to a 12" rebat set with plastic cap, which reads "Baaelime lie." Por an angle point in the south line of the 10.550 scro tract and being the northwest comor of a 291.09 am tract of land conveyed to Judy Dean Wolf Hindelang, Susan Inc Wolf Robcrtsun, Jay Leon Wolf, Jr. and Iva WolfMeladhlan by instrument ofrecord in Document Number 2009090679 of the Official Public Records of Williamson County, T= and known therein as "pact FYve- Pareel T hree, (W06527o6.31 A-1 Page 2 of 10 THENCE along the east line ofthe 278.212 acre tract and the west line ofsed 291.09 acre tract the following eight (8) courses: I. South 21 `O8'52" East a distanceof 692.23 feet (record: South 21009'15" Fast a distance of 692.23 feet) to a 12" rebar found; 2. Sou(1121 ° 15'01" Enst a distance of 393.09 fact (record: South 21017'00" Ezst a distance of 393.39 feet) to a 12 rebarfound with rap, starnped "Pape Dawson": 3. South 24059'27" Fast a distance of 88,15 feet (record: South 24058' 15' East a distance of 88.21 ken) to a 12" rebar frond; 4. South 19'39'10" Last a distance of 207.78 feet (record: South 190391OD" Best a distance of 207.78 fit) to a 12" raWr found; 5. South 2105711 P Easta distance of 450AI feet (record: South 21058'45" East a distance of 450.41 fag to 12"rebarfound; 6. South 20055'39" Fast a distance of911.42 feet (record: South 20056' 15' East a distanceof 911.34 feet) to a 12" tabor found; 7. South 21040'94" East a distance of30BA9 feet (record: South 21*41'00" East a distane of 3HAS feet) to a 12" rebw found for the southeast comer of the 279212 acra tract, being the southwest comer of Ore 291,09 am net and being in the north line of a 457 am tract of land conveyed to W.T. Guy by instrument of record in Volume 345, Page 460 of the Deed Records of Williamson County, Texas; THENCE South 49050'28" West (record: South 49049'00" Wash), crossing through said 457 acre tract, along the called south line of the 278212 acmtram, passing at a distance of 215.95 feel (rocerd: 215.93 foot) a 12" rebar found with cap, stamped "RPLS 5784 on the edge of a bluff and continuing for a total distance of 295,28 feet (aecord: 295.15 feat) to a calculated point in the west line of the 457 am tract, being the north line of a 104920 acre tract of land conveyed to A.C. Weir and Esther Weir by instrument of record In Volume 522, Page 451 of de Deed Records of Williamson County, Texas and designated ss 'first Tract" therein and being the approximate centerline of the San Gabriel River, THENCE North 81057'47' West (record: North 81059,001, West), along the called south line Mite 278,212 acre tract, the west line of the 457 am tract, the east line of said 1048.20 am tract and the approximate centerline of the San Gabriel River, passing at a distance of 195.03 fat a calculated point at the approximate intersection of flue waterline of the San Gabriel River with the south line of the Isaac Donegan Survey, Abstract Number 178, being the north line of the Joseph Thompson Survey, Abstract Number 608 and being the northwest comer of the 457 am beet aril continuing along the called south lire of the 278.212 acm tmc6 the north lino of the 104VO arm tract and the approximate interline of the San Gabriel River for a total distance of 645.06 Get (record: 644.97 flat) to a calculated point; THENCE along the south line of the 273.12 am tract, the north line of the 1048.20 am tract and the approximate centerline of the San Gabriel River The following six (6) courses: I. South 55006'29" Wasl a distance of 519.75 fret (record: Sough 55005,15" West a distance of 519.75 feet) to a calculated point; JM6,927o(5.3) A-2 Page 3 of 10 2. South 23001'29" West a distance of 1534,01 feu (record: South 23e00'15" Westa distance of 1534.01 feet) to a calculated peing 3, South 69008'29" West a distance of32636 feet (record: South 69TVIV West a distance of 326.36 feet) to a calculated point; 4 South 85"42'29" West a distance of 621.76 feel (record: South 85"41' 15" West a distance of 621.76 feat) to a calculated point; 5. South 57°11129" Wam u distance of 268.60 fact (record: South srio,i " West a distance of 269.60 feu) to a calculated point; 6. South 70004'29"welt a distanceof755.32 feel(record: South70°0315"Weaudisteneeof 755.32 feu) to a calculated point for the northwest comerofthe 104820 acre tree and being the northeast comer of a 190A0 acre tract of lend conveyed to Texas Crushed Stoma Company by instrument of record in Volume 743, Page 47 of the Deed Records of Williamson County, Taxes; THENCE South 75°49.12" West (record: South 75°48'15" West), along the south line of the 278212 we tract, the north line of said 190.40 acre tract and the approximate interline of 010 San Gabriel River a distance of 116.10 feel (record: 116.10 feel) to a calculated point for the southwest comer of the 278212 am tract and bung thcsonNeast comer of a 103.9327 acre tract of land conveyed to Elbert L. Brown and Beverly D. Brown by Instmment of record in V olume, 2189, Page 585 of the Official Records of W illiomson County, Texas; THENCE along the wan line of the 278,212 acm tract and the east line of said 103.9327 acre tract the following tan (10) courses: J. North 01 V13" West a distance of 1,64238 feet (record: North 01"28' 15" Waste distance of 1.642.61 feet) to a 1/2" must found; 2. North 84056'46" Basta distance of 498.41 feet (record: North 84"56'W' Bast a distance of 493,38 feet) to a 12" mbar found; 3. North 09"53'36" Wost a distance of 350.08 feet (record: North 09'54'4S" West a distance of 350.05 fact) to a 12" rebor found; 4. North 11618'36" Waste distance of383.88 feet (record: North I M V46' West a distance of 333,76 feet) to a 1/2" rebar found; 5. North 04046'49" East a distance of 575.81 feet (record: North 04-47100" East a distance of 575.94 feet) to a 1/2" robar found; 6. North 10"12' 10" West a distance of 192. 13 feet (record: North 10°II115" West a distance of 192.14 feet) to a nail found; 7, North 40'55'15" East a distance of 13.10 fed (record: Noah 40032'15" East a distance of 13.02 feet) to a nail found; 8. North 00917'06" Fast a distance, of 34330 fed (record: North 00015'45" Fast a distance of 343.66 fed) to a I/2" robi rwith plastic cap set which reada "BASELINE INC."; {Wo652706.3} A-3 Pogo 4 of 10 9. North 0261 P06" West a distance of320.09 fed (record: North 02611'15" West a distance of 319.98 real) to a UV rebar found with Illegible cap; 10. North 01"54'34" West a distance of) 74.14 fed (record: North 01"56'00" West a distance of 174.07 fact to a IIV mbar found for the northwest censor of the 278.2I2 am tract, being the southwest comer of Shadow Canyon Commercial Soot in 3; n subdivision of record is) Document Number 2014085365 of the Official Public Records of Williamson County, Texas; from which a IR" saber found in lire west line of said Shadow Canyon Commercial Section 3 mid the east line of the 103.9327 acm tract bears North 01"54'34" West a dishanec of 1,049.31 feet (record: North 01054'08" West a distance of 1,049.26 ihet); THENCE along the north line of the 273212 anre (mot and the south and seat lines of Shadow Canyon Commercial Section 3 the following 5 courses; 1. North 83037124" East a distance of 248.64 feet (mend: North 83°33'I5" East a distance of 248.63 feet) to a 112- rebar found with cap, stamped "RPIS 5784" fora point of curvature; 2. Along a mm-tengental ourvcto die right having a radius of345.00 fed, (record; 345.00 fact) a length of 155.98 fat, (retard: 156.12 feel) a delta angle of 25a54' 14" and a chord which bears North 64"39'03" Eau a distance of 154.65 led, (record: North 64042'00" Fast a distance of 154.79 rest) to a nail found; 3. North 77.42135"fart a distance of 499.24 feel (record: Nardi 77640'00" Fad a distance of 498.83 feat) to a 12" recur found; 4. North 2093'52X'West a distance of402,50 foot (record: North 20"14'00"West a distance of 402,27 feet) to a 12" mbar found with cap, stamped"RPLS 5784" for a point ofcurvature; 5. Along a tangential curvc m the right having a radius of 150.00 feet, (record: 150,00 feet) e length of235.69 fat, (record: 235.76 feet) a delta angle of 90.01141"and a chord which bears North 2201 P49" East a distance of 212.18 feet. (record: North 2708'00" East a distance of 21223 feet) to a 12" mbar found with cap, stamped "RPIS 5734" for an angle point in the as# line of Shadow Canyon Commercial Section %being an angle point in the west Una of Shadow Canyon Commercial Sectloo 2; a subdivision of record in Document Number 2010086635 of die Official Public Records of W101amsan County, Taxes; THENCE along the north line oftlre 278.212 acre treat and the south and east Una of said Shadow Carryon Commercial Section 2 the following fora (4) courses: 1. Continue along a tangential wive to die fight, having a radius of 150.00 Rat (record: 150.00 Real a length of235.41 feet (tccord: 235.67 foot), a delta angle of 89"55' 18" and a chord, whiolh beets Soutr 67"48'02" Feat a distance of211.99 feet (re rd: South 67"51' 14" But a distance of212.17 feet) to a 12" rabor found with cap, stamped "RPIS 5784' far a point of Insurgency; 2. South 22159'17'Fast adistahnceof68.03 frat(moord: South 22"51'54" But a distance of 68.24 feet) to a 12" rebarfixed with cap, stamped "RPLS 5784" for a pointereurvaturc; 3. Along a tmhgential ourveto the right, having a radius of797.62 feet(record: 797.62 feal),a length of 343.26 feet (record: 343,51 feet), a delta migle of24039126" and a chord, which {Wo652706.3} A-4 Page 5 of 10 bears South 37011'42" Best a distance of 340.61 fml (rtmtd: South 3712' 18" Fast a distance of340.86 feet to a 12" robot (bud with cap, stamped "CCC 4835"; 4 North 09a49'27" East (record: North 09645108" East), passing at a distance of 654.97 feet (record: 655.00 fact) a calculated point for an angle point in the cast line of Shadow Canyon Commercial Section 2, behtg gas south comer of Shadow Canyon Commercial Section 1; a subdivision of record in Document Number 2008045660 of the Official public Records of Williamson County, Taxes and passing at an additional distance of 72.93 ibet a 12" rebar found with illegible plastic cup and continue anothu 215 feu for a distance of 75.06 feet (record: 75.06 feu) fm n said sough comer of Shadow Canyon Commercial Section I for an overall distance of 730.04 feet (record: 730.06 feet) to a 12" mbar set Willi plastic cap, which reads "Baseline, Ina" for a point of curvature; THENCE along the north line ofthe 278.212 acre tract and the east line of said shadow Canyon Commercial Section I the following two (2) courses: I. Along a tangential curve to the left, havinga radius of567.50 Feet(recurd: 567.501beeQ,a length of260.39 feet (record: 26039 feet), a delta mrglo of26"17'21"(record: 26017'22'7 and a chord, which boars North 03"21 f52" West adislance of 258.11 feet (record: Noah 03"22'43" West a distance of 258.1 I feet) to a 12" racer found with illegible plastic cap for a point of tangency; 2. North 16°30'33"Westadlstanceof 114.79feet(record: North IM'24"Westadistance of 114,87 Rat) to a 12" rabar set with pleslie cap, which reads "Baseline, Inc." for an angle point in the north line of the 218.212 acre tract, being the northernmost northeast comer of Shadow Canyon Commemial Section I and aim being in the south right-of-way line of said State Highway Number29; THENCE North 73"29'52" Bast (record: North 73"28'45"East), along In north line of the 278212 Rare lmu and the south righ4of--way line of State Highway Number29 a distance of289.31 rest (record: 289.39 feet) to the POINT OF BEGINNING. This tract wntaima 279.21 acres. of land more or less, out of the Isaac Donagan Survey, Abstract Number 179 and the Joseph Thompson Survey, Abobaet Number 508 in Williamson Comity, Texas. Bearing Basis: Texas State Plpne Coordinates, Cenual2onq NAD.83196CORS. Ronnie Wallace, Dote Registered Professional land Surveyor State of Texas No. 5222 File: S:1PmjeuslShadow CanyunlDocslFicld Notes%Boundary 278 Ao.dco {W06527o6.3) A-5 i I S.H. 29 (R.O.W. VARIES) SHAOOW CANYON COMMERCIAL SECTION 2 kris 7&, DOG. NO. 2010086635 ri O.P.R.W.C.T. F '11M5 575V .0, •nms vw F7� xR5 6TM• Z Z 1 p �N W A u g IU1 gy N� £v `C +ccc leas• 01= ml, mIm 1 OF THE J AND OF m DETAIL C 278 GEORGETOWN INC. 278.212 AC, DOC, NO. 2014094143 O.P.R.W.C.T. DETAIL MCC HIGHWAY 29 DEVELOPMENT. LLC 10.550 AC. DOC. NO. 2007014835 O.P.R.W.C.T. r r" WYwER4NL l Iw $pry I v SEE SHEET 7 FOR LEGEND SEE SHEET 10 FOR LINE & CURVE TABLES YME 0 GRAPHIC SCALE 300 150 0 300 IN FEET MATCHLINE SHEET-6 —� MATCHEIN�E SHEE7 ZVEY, ABSTRACT NUMBER 178 AND IN SURVEY, ABSTRACT NUMBER 606; 111AMBON COUNTY, TEXAS LME TRACT OF LAND CONVEYED AS TO 278 GEORGETOWN, INC. BY {Wo652706.3} A-6 ASELiNE LAND SURVEYORS, II PROlEA]ONN. UNa SV6VM/NG SER WQS ®mass µuwui umn< wms aers, uuswmmw„mmm arxz:.n:.nlsm vu: a,amsw rtrtmmr'++Vma+wcm SHEET 6 a7 10 MATCHLINE SHEET 6 MATCHLINE SHEET 7 SEE SHEET 7 278 GEORGETOWN INC. FOR LEGEND 278.212 AC. 1 SEE SHEET 10 DOC. NO. 2014094143 1 FOR LINE & CURVE TABLES O.P.R.W.C.T. 278.21 AC.1 JUDY DEAN WOLF a-11� .'PwT'UaJ' HING SUSAN d�WOLF ROBERSON = 2 ,gyaae JAY LEON WOLF, JR. NA WOLF MIM MCLACHLAN — 291.D9 AC. "MOT FIVE -PARCEL m m THREE' DOC. NO. ODIV GRAPHIC SCALE OP 9 O.P.R.W.C.T ERUR: 1E CfJORNEF DEED LINE OF 457 K. PER V 345. PG. d6O I .TOn mn n .Tnn,. .v ??U',y�NE� Iq ... DR.W.C.T.-\,m,o nx IN FEET 55500 25 �519.," • (NB1, g>4� 2 qg], t5• am APPRO%1WJE SOUiH Opp ^ t,%%ts' 8�N or WAAcrDO OR% _ _lam -- aO(ef aOg: r A.g02�•�yl MPRO%IVATE NORiH DNEsu - 6�� J 6 '�1' �nsL' CE"� Lgg929 5�91 J �kj R AN \ A q j. OF NUMBER 608 A ,R.�'� Q15+1 ,K f A.C. WOR h EETHFR WEIR W 0<tyQ,A'4 �. 1048.20 AC. "FIRST TRACT' \ O' VOL. 522, PAGE 451 A D.R.W,C.T. • 1/2" IRON BEHAR FOUND (NOTED, IF CAPPED) O 1/2" IRON REBAR SET WITH CAP, -BASELINE, INC.' A NAIL FOUND A CALCULATED POINT R.O.W. RIGHT OF WAY D.R.W.C.T. DEED RECORDS WILLIAMSON COUNTY, TEXAS O.P.R.W.C.T. OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY, TEXAS O.R.W.C.T. OFFICIAL RECORDS WILLIAMSON COUNTY. TEXAS ( ) RECORD INFO. DOC. NO, 2014094143 O.P.R.W.C.T. ( ) RECORD INFORMATION-DOC. NO. 2002093326, O.P.R.W.C.T. [ ] RECORD INFORMATION-00C, NO. 2008045600, O.P.R.W.C.T. [[ ]] RECORD INFORMATION-DOC. NO. 2010086635, O.P.R.W.C.T. [[[ ]]] RECORD INFORMATION-DOC. NO. 2014085365, O.P.R.W.C.T. BASIS OF BEARINGS: TEXAS STATE PLANE COORDINATES, CENTRAL ZONE, HAD 83/96 CORS -SIMTCH TO ACCOMPANY FIELD NOT1:0 BASELINE LAND SURVEYORS, INC. OF 278.21 ACRES OF LAND OUT OF TBB ISAAC DONAGAN SURVEY, ABSTRACT NTIMBER 17B AND PROFE55fOPL1l IAAD SVRTEY1NGSfRW23 THE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 808: ema�,v4arwns 4ieT+b msmiss BOTH IN WILUAMSON COUNTY. TEXAS vmnevn,mNurosslw AND BEING THAT SAME TRACT OF LAND CONVEYED AS orgm Rzuams Fsesumasw �.N•wsn.R,� 278.212 ACRES TO 278 GEORGETOWN, INC. BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER ems.. SHEET 2014D04143 OF THE OFFICIAL PUBLIC RECORDS OF mtslTsvcnN rnTINTY TRYA.4 rnw xw am +vrs a>m� ll 7 ar Ip {M6627o6.3} A-7 OYE SKETCH TO AC 'UMPANY FIELD NOTE� BASELINE LAND SURVEYORS, INC OF 275.21 ACRES OF LAND OUT OF THE ISAAC DONAGAN SURVEY, ABSTRACT NUMBER 178 AND p8pf65BxWlJANo 6118VEtTN65E7fNQ5 THE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 008; VMO1II�0Ri1E A� BOTH IN BILLTAMSON COUNTY, TEXAS °� *Jmmlw AND BEING THAT SAME TRACT OF LAND CONVEYED AS 9WR"slx�xsn: rur, xxsn.sw mrncanwewmwm 270,212 ACRES TO 276 GEORGETOWN, INC. BY J°`° SHEET INSTRUMENT OF RECORD IN ➢OCUMENT NUMBER sy 2014094L43 OF THE OFFICIAL PUBLIC RECORDS OF 70 d l0 ���WO.mrmm m wows w.m M: uw RILLIAMSON COUNTY, TEXAS CURVE TABLE CURVE RADIUS LENGTH DELTA BEARING CHORD Cl .0 ' S 25' a• 9' ILLCUILL34S.ow- 166 '4 ' 0' 54. 9' 02 1 0' 23 . B 711'49' 212.113, CZ 0.00' 2 .7 ' N OB'00'E C3 15 . 235 ai' 6 C3 p ' S 04 7 7.8 ' 9'2 ' 1' 4 .61' C4 797.62' 343.51' 3T7 B" 340.88' C5 56750' 6 . 9' '2 " T C5.......... LINE TABLE UNE BEARING LENG7H LI {'28'24'W i 5 ' Li 504'31'00"W 71.55' L2 9' B'22'E 70.58' L2 97fY22'15 E 70,82 l3 9' 8' 7 , 3 N69'18'00'E 197.85' L4 525'58'40'E 51.SB' 4 S26'01'15`E 51.61' L5 '1 '01' 9 .09' L5 52' '00'E 3B3d9' lb 4'58'27' 88 ' l6 S24'5815 E 88.21 L7 207.78' 519'39 00'E 207.78 LB 575' 2 1 . 57548'151Y 118.10' Le 12'f 9 L9 N10'11'16'W 192.14' L10 N4G55'15'E 13.10 0 N40'32'13 E 19.02' L71 1'S4'3 1 1 N01'S8'00'W 174.07 L12 N83'37'24' 24 .eb' ll2 NB3'33'15"E 24B,B3' li3 L73 522'S1 54`E 68.20.' L14 IS 0' 'W 1i4.7' L74 NI6'31 24 W 114.8T L75 3'28' 2' 8 . ' L15 N73'28 45 E 2B9.J9' {Wo652706.3} A-10 F��FATCHLINE SHEET 9 ATCHLINE SHEET 8 �.rA3�m n 1Oy;'1 niP�ryeo ELBERT L. BROWN &�_^ BEVERLY D. BROWN 103.9327 AC. VOL 2189. PG. 585 D.R.W.C.T. 2J8.21 AC. SI= ao� C C BB$� yM� mim btaa• 278 GEORGETOWN INC. 6 �,E% bZ alln 4' 278.212 AC. m m 4 4f DOC. NO. 2014094143 (49a,ja7 O.P.R.W.C.T. yly 1 01IJ I AM 9UR'o nn OF APPRGXMATE sous .RAUCT NUMBER Vs -I— �np -_ THOMP9ON SUR'!EY I �w APPRO%IIMTE NORTH LWE OF U05EPH A.ge.9eflpAGCI NUMBER ROE 608 Or 1 GRAPHIC SCALE 370 D 0 Jan W FEET TEXAS CRUSHED SEE SHEET 7 STONE COMPANY FOR LEGEND 190.40 AC. SEE SHEET 10 OL. 743. PAGE 47 D.R.W.C.T. 'Y ,)2 FOR LINE & CURVE TABLES xP OF �TT �j� 1 'APPRGkIMAIE 'APPROXIMATE CENRIiUNE SAN=2PLLF1'-EN _ 6Q $85.4 26 a q01 (sat.. ��29 CENTERLINE OF D _ WN WRIEL RNER' �/ N X A.C. WEIR & ESTHER WEIR - a°O""' (32fi.36') 1048.20 AC. 'FIRST TRACT' VOL. 522, PAGE 451 i D.R.W.C.T. ACCOMPANY BASELINE LAND SURVEYORS, INC. OF 278.21 ACRES OF LAND OUT OF THE ISAAC DONAGAN SURVEY, ABSTRACT NUMBER L78 AND vRotEsvoxaL LwnwavET7�vnES RE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 6081 e»raor:r%rxawe Aw.n•t TyAsmu BOTH IN 1E1161AMSON COUNTY, TEXAS ucmawmrinmis�w gB¢,avn.sns AMSsusm>io AND BEING THAT SAME TRACT OF LAND CONVEYED ASp„p„Aysm¢m SHEET B or Jo {W06527O6.3} A-8 SEE SHEET 'I FOR LEGEND S.H. 29 (R.O.W. VARIES) SEE SHELT 1D FOR LINE & CURVE TABLES SHADOW CANYON COMMERCIAL SECTION 3 DOC. NO. 201+085365 •wu O.P.R.W.C.T. ,. GRAPHIC SCALE J00 150 0 300 IN FEET ELBERT L. BROWN & BEVERLY 0. BROWN V 103.9327 AC. = 278.21 AC. VOL 2189, PG. 585 O.R.W.C.T. 278 GEORGE OWN INC. 278.212 AC. DOC. NO. 2014094143 O.P.R.W.C.T. A�ATCHLINE SHEET 9---- -- - MATCHLINE SHEET 8 O BASELINELAND SURVEYORS, INC OF 278.21 ACRES OF UNO OUT OF THE 1p0pr�10NAt MDZ$tVEYMGMWCW ISAAC ➢ONAGAN SURVEY, ABSTRACT NUMBER 178 AND 6TnW AWDAhU .1UTlAda6US l THE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 808; xoswmnm Ilmmro BOTH IN WILLIAMSON COUNTY, TEXAB 0O¢:sanuna arrsven.sau AN➢ BEING THAT SAME TRACT OF I.MI➢ CONVEYED AS ypppgryp(' y,p�rzmn {WO652706.3} A-9 mar SHEET 9 of IO CONSENT AGREEMENT BY AND BETWEEN: THE CITY OF GEORGETOWN, TEXAS AND 278 GEORGETOWN, INC. AND WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 34 DA [W0692132.71 Contents ARTICLE I INTRODUCTION....................................................................................................1 ARTICLEII DEFINITIONS........................................................................................................ 2 2.01 Definitions.................................................................................................................. 2 ARTICLE III EXECUTION OF AGREEMENTS...................................................................... 7 3.01 Execution of this Agreement.................................................................................... 7 3.02 Execution of Consent to the Partial Assignment of Receivables Agreement ... 8 3.03 Organizational Meeting of the District's Board .................................................... 8 3.04 Limit on Authority.................................................................................................... 8 3.05 Effect of Failure to Timely Execute and Return Documents ............................... 8 3.06 Withdrawal of Consent............................................................................................. 9 3.07 Required Submittals to the City Prior to Creation of the District.....................10 3.08 No Other Special Districts......................................................................................10 3.09 Limit on Exercise of Eminent Domain Powers....................................................10 3.10 Service Contracts and Interlocal Agreements.....................................................10 3.11 District Property ......................................................................................................11 ARTICLE IV ISSUANCE OF BONDS.....................................................................................11 4.01 Issuance of Bonds....................................................................................................11 4.02 Authorized Purposes..............................................................................................11 4.03 Timing of Issuances.................................................................................................12 4.04 Amount of Bonds.....................................................................................................13 4.05 Bond Requirements.................................................................................................13 4.06 Economic Feasibility ................................................................................................14 4.07 Notice of Bond Issues..............................................................................................14 4.08 Compliance with All Agreements.........................................................................14 4.09 Certifications............................................................................................................14 4.10 Bond Objections.......................................................................................................15 4.11 Official Statements...................................................................................................15 4.12 Limitation on Bond Issuance..................................................................................15 ARTICLE V TAXES, FEES AND CHARGES.........................................................................16 5.01 Tax Rate Considerations for Proposed Bonds.....................................................16 5.02 District Fees..............................................................................................................17 5.03 Reimbursement of City Expenses.........................................................................17 5.04 City Operations Compensation Fee......................................................................17 ARTICLEVI LAND DEVELOPMENT...................................................................................17 6.01 General......................................................................................................................17 6.02 PUD Ordinance Adoption and Amendment.......................................................18 Consent Agreement Williamson County MUD #34 Page ARTICLE VII PUBLIC INFRASTRUCTURE..........................................................................18 7.01 On -Site Water and Wastewater Public Infrastructure........................................18 7.02 On -Site Drainage and Water Quality Public Infrastructure..............................18 7.03 Off -Site Water Public Infrastructure.....................................................................18 7.04 Transfer of Ownership, Operation and Maintenance of Public Infrastructure 18 7.05 Capacity Interest Rights..........................................................................................19 ARTICLEVIE SERVICES......................................................................................................... 20 8.01 Wastewater Services................................................................................................ 20 8.02 Water Services..........................................................................................................20 8.03 Garbage Services...................................................................................................... 21 8.04 Police, Fire and EMS Services; SIP Fees................................................................ 21 8.05 Services Outside the District.................................................................................. 21 ARTICLEIX Annexation.......................................................................................................... 21 9.01 General......................................................................................................................21 9.02 Filing of Notices....................................................................................................... 21 9.03 In -City MUD............................................................................................................. 21 9.04 Zoning....................................................................................................................... 21 9.05 Annexation by the District..................................................................................... 22 ARTICLEX AUTHORITY........................................................................................................ 22 10.01 Authority ...................................................................................................................22 ARTICLEXI Reporting............................................................................................................. 22 11.01 Information to be Provided to the City ................................................................ 22 11.02 Financial Dormancy Affidavit, Financial Report or Audit ................................ 23 11.03 Other Documents..................................................................................................... 23 ARTICLE XII TERM, ASSIGNMENT AND REMEDIES...................................................... 23 12.01 Term...........................................................................................................................23 12.02 Delegation and Assignment................................................................................... 23 12.03 Other Limitations on Delegation and Assignment ............................................. 25 12.04 Default and Rights and Remedies for Default .................................................... 25 12.05 City's Remedies During Owner's or District's Cure Periods ............................ 25 12.06 Rights and Remedies for Default.......................................................................... 26 12.07 City's Right to Terminate....................................................................................... 26 ARTICLE XIII MISCELLANEOUS PROVISIONS................................................................ 27 13.01 Cooperation.........................................................................................:....................27 13.02 Notice.........................................................................................................................27 13.03 Severability; Amendment; Waiver........................................................................ 29 13.04 Applicable Law and Venue.................................................................................... 29 13.05 Entire Agreement..................................................................................................... 29 Consent Agreement Williamson County MUD #34 Page ii 13.06 Exhibits, Headings, Construction and Counterparts 13.07 Time................................................................................. 13.08 Notice to End Buyer ...................................................... 13.09 Authority for Execution ................................................ 13.10 Exhibits............................................................................ 13.11 Recordation..................................................................... Consent Agreement Williamson County MUD #34 Page iii .... 29 .... 30 .... 30 .... 30 .... 30 .... 31 CONSENT AGREEMENT THE STATE OF TEXAS § COUNTY OF WILLIAMSON § This Consent Agreement (this "Agreement ) is between the City of Georgetown, Texas (the "Q ), a home -rule city located in Williamson County, Texas, and 278 Georgetown, Inc., a Texas corporation (the "Owner"). Upon final creation of Williamson County Municipal Utility District No. 34, a municipal utility district to be created pursuant to Article XVI, Section 59 of the Texas Constitution and under Chapters 49 and 54 of the Texas Water Code (the "District"), the District shall join in this Agreement and be bound by its provisions. ARTICLE I INTRODUCTION 1.01 Owner is the owner of that certain real property consisting of approximately 278.21 +/- acres of land described by metes and bounds and by sketch on Exhibit A (the "Land"). The Land lies entirely within the City's corporate limits. 1.02 Section 42.042 of the Texas Local Government Code and Section 54.016 of the Texas Water Code require the City's written consent to create a municipal utility district within a city's corporate limits or extraterritorial jurisdiction. Section 13.10 of the City's Unified Development Code sets forth the City s requirements for requests to create a special district. 1.03 On October 15, 2015, Owner filed with the City Secretary's office a petition requesting the consent of the City to the creation of a municipal utility district on the Land (the "Creation Petition"). 1.04 On May 24, 2016 the City Council of the City adopted Resolution No. consenting to creation of the District, subject to the terms and conditions of this Agreement. 1.05 There are several Related Agreements (defined herein) related to the provision of services to and the development of the Land, compliance with which by Owner and the District is required as part of this Agreement. 1.06 Owner and the City intend that the purpose of this Agreement and the Related Agreements is to set out the mutually agreeable terms and conditions relating Consent Agreement Williamson County MUD #34 Page 1 of 34 to the creation and operation of the District and development of the Land consistent with this Agreement, and that this Agreement and the Related Agreements are essential elements of the granting of the City s consent to creation of the District. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties (defined herein) contract as follows. ARTICLE II DEFINITIONS 2.01 Definitions. In addition to the terms defined elsewhere in this Agreement, the following terms and phrases used in this Agreement shall have the meanings set out below: (a) Agreement: means this Consent Agreement between the City of Georgetown, Texas, the Owner and, upon its creation, the District, pertaining to creation of the District on the Land. (b) Assignee: means a successor to Owner, as permitted under Article XU of this Agreement. (c) Bond: means (1) any instrument, including a bond, note, certificate of participation, or other instrument evidencing a proportionate interest in payments, due to be paid by the District, or (2) any other type of obligation that (a) is issued or incurred by the District under the District's borrowing power, without regard to whether it is subject to annual appropriations, and (b) is represented by an instrument issued in bearer or registered form or is not represented by an instrument but the transfer of which is registered on books maintained for that purpose by or on behalf of the District. The term shall include obligations issued to refund outstanding Bonds, but shall not include Developer (defined herein) reimbursement agreements entered into between the District and Owner or Developer, or bond anticipation notes. (d) Bond Limit Amount: means the maximum amount of Bonds, excluding refunding Bonds, which may be issued by the District pursuant to Section 4.04 of this Agreement. (e) City Attorney: means the City Attorney for the City. Consent Agreement Williamson County MUD #34 Page 2 of 34 (f) City Council: means the City Council of the City. (g) City Manager: means the City Manager of the City. (h) City Objection: means an objection by the City to a Bond issue as defined in Section 4.10 of this Agreement. (i) City Secretary: means the City Secretary of the City. (j) CU: means the City of Georgetown, Texas, a home rule city located in Williamson County, Texas. (k) Creation Petition: means the petition submitted by Owner to the City dated October 15, 2015 requesting the City's consent to the creation of the District and development of the Land. (1) Developer: means "Developer" as that term is defined in Section 54.238(1) of the Texas Water Code, as the same may be amended from time to time. (m) District: means Williamson County Municipal Utility District No. 34. (n) District's Board: means the Board of Directors of the District. (o) District Creation Date: means the date that the TCEQ (defined herein) issues an order creating the District or the effective date of any legislation passed by the Texas Legislature creating the District. (p) Effective Date: means the latest date that one or more counterparts to this Agreement, taken individually or together, bear the signatures of duly authorized representatives of both the City and Owner. This Agreement shall be effective as to the District when signed by a duly authorized representative of the District. (q) Environmental Permits: means the Section 10(a)(1)(B) Endangered Species Incidental Take Permit No. TE-116313-0 issued by the United States Department of the Interior, U.S. Fish & Wildlife Service ("USFWS") on July 23, 2007; the January 23, 2015 Nationwide Permit Section 29 application requesting authorization to place fill in unregulated waters of the United States submitted to the United States Army Corps of Engineers pursuant to Section 404 of the Clean Water Act ("404 NWP"), including rights under that certain final biological opinion dated December 1, 2014 Consent Agreement Williamson County MUD #34 Page 3 of 34 issued by the USFWS and related to the 404 NWP, copies of which are attached hereto as Exhibit E as the foregoing relate to the Land. (r) Finance Director: means the City s Director of Finance. (s) Finance Plan: The Finance Plan dated May 10, 2016 prepared by Public Finance Group LLC, and attached hereto as Exhibit K. (t) Financial Advisor: means the District's Financial Advisor. (u) Governing Regulations: means, collectively, the following laws, regulations and documents pertaining to development of the Land, subject to Owner's Vested Rights as of the Vesting Date (as defined in Section 10.03 of this Agreement): (1) this Agreement; (2) the Related Agreements (defined herein); (3) the City's Code of Ordinances; (4) The City's UDC (defined herein), as modified by the PUD Ordinance (defined herein); (5) the City's Development Manual (including, without limitation, the fee schedule), including amendments that may be approved from time to time by the City; (6) the City's Construction Specifications and Standards Manual, including amendments that may be approved from time to time by the City; (7) the City's Drainage Criteria Manual, including amendments that may be approved from time to time by the City; (8) the City's Traffic Calming Standards, including amendments that may be approved from time to time by the City; (9) preliminary and final plats for portions of the Land that are approved, from time to time, by the City; Consent Agreement Williamson County MUD #34 Page 4 of 34 (10) ordinances that the City is required to adopt from time to time by state or federal law, including amendments that may be adopted from time to time by the City; (11) the PUD Ordinance (defined herein), as the same maybe amended from time to time by the City Council; (12) all national and international residential and commercial building codes adopted by the City, (e.g., electric codes, building codes, plumbing codes, mechanical codes, energy conservation codes and fire codes), including changes and local amendments thereto that may be adopted from time to time by the City; and (13) the Environmental Permits. (v) Interlocal Agreements: means agreements between or among the District and another local government for purposes permitted by the Interlocal Cooperation Act, Chapter 791, Government Code; and Section 552.014 of the Texas Local Government Code, and this Agreement. (w) Land: means approximately 278.21 (+/-) acres of land located in the City's corporate limits, described by metes and bounds and by sketch on Exhibit A. (x) Notice: means notice as described in Section 13.02 of this Agreement. (y) Off -Site Public Infrastructure: means the Public Infrastructure located outside the boundaries of the Land and necessary to serve the Land. (z) On -Site Public Infrastructure: means the Public Infrastructure located within the boundaries of the Land and necessary to serve the Land. (aa) Owner: 278 Georgetown, Inc., a Texas corporation, and/or its Assignees as permitted by this Agreement. (bb) Partial Assignment of Receivables Agreement: means the agreement between the City and Owner relating to assignment of certain Bond receivables to fund the Master Development Fee described in Section 5.04 of this Agreement, and attached hereto as Exhibit F, and which agreement is an essential element of the granting of the City's consent to creation of the District. Consent Agreement Williamson County MUD #34 Page 5 of 34 (cc) Parties: means, collectively, the City, and the District, and their respective successors, and Owner and its Assignees as permitted by this Agreement. (dd) Pam: means, individually, the City, or the District, or their respective successors, or Owner or its Assignees as permitted by this Agreement. (ee) Planning Director: means the City's Director of Planning and Development. (ff) Preliminary Engineering Report: means the Preliminary Engineering Report dated May 6, 2015 prepared by Gray Engineering, Inc. attached hereto as Exhibit B. (gg) Public Infrastructure: means the water, wastewater, drainage, detention, retention, stormwater, water quality, transportation, and related infrastructure acquired, installed or constructed to serve the Land (including both the On -Site Public Infrastructure and the Off -Site Public Infrastructure) the major components of which are described in the Preliminary Engineering Report attached hereto as Exhibit B. (hh) PUD Ordinance: means Ordinance No. approved and adopted by the City Council on even date herewith and attached hereto as Exhibit as said ordinance may be amended from time to time by the City Council pursuant to the terms of this Agreement. (ii) Related Agreements: means, collectively, the Wastewater Services Agreement (defined herein), the Water Services Agreement (defined herein); and the Partial Assignment of Receivables Agreement. (jj) Service Contract: means any contract with the District for goods or services, but specifically excluding professional services contracts and contracts for design, permitting, and construction of Public Infrastructure. (kk) TCEO: means the Texas Commission on Environmental Quality, or its successor agency. (ll) UDC: means the City's Unified Development Code, as the same may be amended from time to time. (mm) Utifity Director: means the City's Director of Utilities. (nn) Vesting Date: means October 15, 2015. Consent Agreement Williamson County MUD #34 Page 6 of 34 (oo) Wastewater Services Agreement: means the "Tri-Party Agreement Among the City of Georgetown, San Gabriel Harvard Limited Partnership and ABG Development LP" dated 12/1/2006 and the "Offsite Utility Construction Cost Reimbursement Agreement for Shadow Canyon by and between the City of Georgetown and San Gabriel Harvard Limited Partnership dated 8/16/2005, as assigned to Owner pursuant to the "Assignment of Wastewater Reimbursements and Wastewater Service" recorded as Document No. 2015009038 in the Official Public Records of Williamson County and attached hereto as Exhibit C, compliance with which is an essential element of the granting of the City s consent to creation of the District. (pp) Water Services Agreement: means the "Non -Standard Water Service Agreement between San Gabriel Harvard Limited Partnership and Chisholm Trail Special Utility District" dated 9/1/2005, as amended by the "First Amendment to Non -Standard Water Service Agreement (Shadow Canyon)" between San Gabriel Harvard Limited Partnership and Chisholm Trail Special Utility District dated effective September 19, 2013, as assigned to Owner and to the City of Georgetown pursuant to the "Assignment of Water Living Unit Equivalents and Water Impact Fee Credits" recorded as document No. 2015009037 in the Official Public Records of Williamson County and attached hereto as Exhibit D, compliance with which is an essential element of the granting of the City's consent to the creation of the District. ARTICLE III EXECUTION OF AGREEMENTS 3.01 Execution of this Agreement. (a) Owner shall execute this Agreement and return same to the City within fourteen (14) days after the City Council has approved same and delivered three (3) executable originals of same to Owner. (b) At its organizational meeting, the District's Board must approve this Agreement, cause this Agreement to be signed by a duly authorized representative of the District's Board, and return a fully executed, certified copy of this Agreement to the City within thirty (30) days after the date of the organizational meeting of the District's Board. Consent Agreement Williamson County MUD #34 Page 7 of 34 3.02 Execution of Consent to the Partial Assignment of Receivables Agreement. (a) Owner shall execute the Partial Assignment of Receivables Agreement and return same to the City within fourteen (14) days after the City Council has approved same and delivered three (3) executable originals of same to Owner. (b) At its organizational meeting, the District's Board must consent to the Partial Assignment of Receivables Agreement attached hereto as Exhibit F cause the consent to Partial Assignment of Receivables Agreement to be signed by a duly authorized representative of the District's Board, and return a fully executed, certified copy of the consent to Partial Assignment of Receivables Agreement to the City within thirty (30) days after the date of the organizational meeting of the District's Board. 3.03 Organizational Meeting of the District's Board. The organizational meeting of the District's Board must be held within one hundred and eighty (180) days after the District's Creation Date. 3.04 Limit on Authority. Prior to the time that this Agreement and the Partial Assignment of Receivables Agreement are executed by Owner and the District,, and all are returned to the City, the District shall not issue Bonds or enter into Developer reimbursement agreements (unless such Developer reimbursement agreements provide that they are only effective if, and when, the foregoing documents have been executed and delivered to the City) and shall be prohibited from taking any affirmative act to do so. Notwithstanding the notice and cure provisions of Section 12.04 of this Agreement, if the District or Owner fail to approve, execute, and deliver to the City this Agreement or the Partial Assignment of Receivables Agreement within the time frames required by Article III of this Agreement, and such failure is not cured within fourteen (14) days after the date of the Notice from the City to Owner and the District, such failure shall constitute a material breach of this Agreement and shall operate to prohibit the District from taking any affirmative act to issue Bonds or executing Developer reimbursement agreements until the failure has been cured. 3.05 Effect of Failure to Timely Execute and Return Documents. Notwithstanding anything in this Agreement or the Partial Assignment of Receivables Agreement to the contrary, this Agreement shall be void and have no further force or effect if this Agreement and the Partial Assignment of Receivables Agreement are not executed and delivered to the City within the timeframes (including the 14-day cure period) required by Article III of this Agreement. The effectiveness of all Developer Consent Agreement Williamson County MUD #34 Page 8 of 34 reimbursement agreements executed by the District and land development agreements executed by Owner or the District shall be expressly conditioned upon approval and execution by Owner the District's Board of this Agreement and the Partial Assignment of Receivables Agreement. 3.06 Withdrawal of Consent. (a) The City's consent to the creation of the District shall be deemed withdrawn if: (1) TCEQ or Legislative creation of the District is not effective within twenty-four (24) months after the Effective Date; or (2) Owner fails to commence actual construction of any portion of the Public Infrastructure within five (5) years after the Effective Date. (b) The City's consent to the creation of the District shall be deemed withdrawn and the District shall be dissolved if: (1) the District has not held a confirmation election within two (2) years after the Effective Date; or (2) the District has been inactive for a period of five (5) consecutive years and has no outstanding bonded indebtedness as provided in Section 49.321, Texas Water Code; or (3) Owner or the District is in default of any of the Related Agreements and the default has not been fully cured before expiration of the applicable cure period in the applicable Related Agreement. (c) If an event described in Section 3.08(a) occurs, the intent of the Parties is that the District is not to be created and Owner hereby agrees that all applications or other documents pertaining to creation of the District or issuance of Bonds submitted to the TCEQ, the Attorney General, or the state legislature shall be withdrawn, no District confirmation election shall be called or held, and Owner shall forbear from executing any documents or instruments or taking any other actions enabling the creation, or confirmation of the creation, of the District. If an event described in Section 3.08(b) occurs, the intent of the Parties is that the District is to be immediately dissolved, and Owner and the District hereby agree to promptly execute and deliver all documents and instruments and take all reasonable actions as may be necessary or appropriate cause the Consent Agreement Williamson County MUD #34 Page 9 of 34 dissolution of the District to occur as soon as possible. Neither Owner nor the District shall contest or appeal TCEQ proceedings or decisions to dissolve the District. Further, if any event described in either Section 3.08(a) or Section 3.08(b) occurs, the District and Owner expressly and irrevocably waive any claims against the City for repayment of costs and expenses that would otherwise be eligible to be reimbursed to Owner by the District pursuant to the rules and regulations of the TCEQ or other applicable law. 3.07 Required Submittals to the City Prior to Creation of the District. Concurrently with the submission of the District creation application to the TCEQ Owner agrees to submit to the City a copy of the draft application and all supporting documents, including (without limitation) evidence that the land to be included in the District is coterminous with the boundaries of the Land and is in the City's corporate limits, and a financial statement of Owner as required by TCEQ rules. The City shall have ten (10) business days to review the draft application and provide comments to Owner. 3.08 No Other Special Districts. In furtherance of the purposes of this Agreement, the District on behalf of itself and its successors and Owner on behalf of itself and its Assignees, covenant and agree that, except upon express prior written consent of the City Council, neither the District nor Owner shall sign, join in, associate with, or direct to be signed any petition seeking to incorporate the Land or seeking to include the Land within the boundaries of any other special district, assessment governmental jurisdiction, other municipality, or any other incorporated governmental entity other than the City. 3.09 Limit on Exercise of Eminent Domain Powers. The District shall not be authorized to exercise the power of eminent domain to acquire any interest in property that is located outside the boundaries of the Land except (a) when necessary to construct Off -Site Public Infrastructure, or (b) when such power is exercised with the express prior written consent of the City Council. 3.10 Service Contracts and Interlocal Agreements. The District shall not, without the prior written approval of the City Manager or the City Manager's designee, enter into any Interlocal Agreements or Service Contracts with terms that (a) require the payment of a "termination" or similar fee for termination; or (b) are not unilaterally terminable by the District upon (x) sixty (60) days' prior written notice or (y) the end of the District's then -current fiscal year, whichever is later. The City shall timely review all contracts submitted under this Section and either approve them or provide written comments specifically identifying any changes required for approval within thirty (30) Consent Agreement Williamson County MUD #34 Page 10 of 34 days of receipt. If no City comments are received within such time, the City's consent to such contract will be deemed to have been granted. 3.11 District Property. Except as provided below in this Section or elsewhere in this Agreement, the District shall not sell, convey, lease, mortgage, transfer, assign or otherwise alienate any of the District's water, reclaimed water, wastewater, or drainage, detention, retention, stormwater, or water quality improvements, or other property to any third party other than the City without the prior written approval of the City Manager or the City Manager's designee; provided, however, that the foregoing condition shall not apply to the following property: (a) the District's disposal or replacement of equipment or material which has passed its useful life; (b) the grant of easements necessary for the development of the Land; (c) the grant or commitment of capacity in any water, sewer, drainage facilities owned or controlled by the District in order to provide service to lands within the District; (d) the conveyance of any roads to Williamson County as permitted or required by applicable law; (e) the sale of property deemed to be surplus by the District; or (f) the sale, conveyance, lease, mortgage, transfer, assignment or other alienation of any such property that is not in conflict with this Agreement. ARTICLE IV ISSUANCE OF BONDS 4.01 Issuance of Bonds. Except as authorized by Section 4.02 of this Agreement, the District shall not issue Bonds (a) without the prior approval of the City Council and (b) until the documents required by Article III of this Agreement are executed and delivered to the City in accordance therewith. 4.02 Authorized Purposes. The purposes for which the District may issue Bonds without prior approval of the City Council shall be restricted and limited to the following: Consent Agreement Williamson County MUD #34 Page 11 of 34 (a) purchase, construction, acquisition, repair, extension, enlargement, modification, improvement and replacement of land, easements, works, improvements, facilities, plants, equipment, and appliances to: (1) provide a water supply for the District for municipal, domestic and commercial uses; and (2) collect, transport, process, dispose of, and control all domestic, commercial, industrial or communal wastes from the District, whether in fluid, solid or composite state; and (3) gather, conduct, divert and control local storm water or other local harmful excesses of water in the District; and (4) construct "Road 1" and "Road 2" identified on the Concept Plan attached to and made a part of the PUD Ordinance; and (5) preserve natural resources and endangered species as required by the Environmental Permits relating to the Land; and (b) reimbursement of City impact fees paid by Owner for construction of Public Infrastructure, less any such fees to be reimbursed by the City under the Wastewater Services Agreement or the Water Services Agreement; and (c) payment of organization expenses, initial operation expenses, cost .of issuance, interest during construction, capitalized interest and similar expenses typically incurred by municipal utility districts in the issuance of bonds such as the Bonds, including issuance, administrative, insurance and regulatory expenses related to issuance of any Bonds and the land, easements, works, improvements, facilities, plants, equipment, and appliances being financed by the Bonds; and (d) refunding of any outstanding Bonds of the District for a debt service savings; provided, however, that any such refunding Bonds otherwise satisfy the requirements of this Agreement. 4.03 Timing of Issuances. The District contemplates that it may be able to issue Bonds generally as set forth in the Preliminary Engineering Report attached hereto as Exhibit B and the Finance Plan attached hereto as Exhibit However, the Parties understand that the actual timing, size and issuance of Bonds will be subject to market, economic and other variables that occur and, therefore, Exhibit B and Exhibit are Consent Agreement Williamson County MUD 934 Page 12 of 34 purely informational and not binding on the Parties. In order to provide the City with some assurance as to the timing of the District's issuance and retirement of its debt, the District shall use good faith efforts, subject to market conditions and a sufficient tax base existing, to sell its last issue of Bonds (excluding refunding Bonds) on or before the date that is ten (10) years after the date of issuance of the District's first bond issue. If the District fails or is unable to do so, the City shall have the authority to revoke the District's authority to issue its remaining but unissued Bonds. 4.04 Amount of Bonds. In consideration of the City's consent to the creation of the District, the District agrees that the total amount of Bonds issued by the District for all purposes, excluding refunding Bonds, shall not exceed NINETEEN MILLION NINE HUNDRED TWENTY-FIVE THOUSAND U.S. DOLLARS ($19,925,000.00) (the "Bond Limit Amount"), unless specifically approved by the City Council. Owner and the District acknowledge and agree that the Bond Limit Amount is sufficient to accomplish the purposes of the District, and that Owner and the District have voluntarily agreed to the Bond Limit Amount. As to any Public Infrastructure, the cost of which exceeds the Bond Limit Amount, shall be dedicated to the City without reimbursement, unless otherwise expressly approved by the City Council. 4.05 Bond Requirements. The District shall obtain all necessary authorizations for Bonds to finance the acquisition or construction of Public Infrastructure for the benefit of the District in accordance with this Agreement and the laws applicable to the District. To the extent of a conflict with Section 13.10 of the UDC, the terms of this Agreement shall control. In addition to the limitations in Section 4.04 of this Agreement, all Bonds issued by the District shall comply with the following requirements: (a) maximum maturity of twenty-five (25) years after the date of issuance of the District's first Bond issue; and (b) interest rate that does not exceed two percent (2°/o) above the highest average interest rate reported by the Daily Bond Buyer in its weekly "20 Bond Index" during the one (1) month period immediately preceding the date that the notice of sale of such Bonds is given; and (c) the Bonds shall expressly provide that the District shall reserve the right to redeem Bonds at any time beginning not later than the tenth (10th) anniversary of the date of issuance, without premium. No variable rate Bonds shall be issued by the District; and Consent Agreement Williamson County MUD #34 Page 13 of 34 (d) any refunding Bonds of the District must (i) provide for a minimum of three percent (3%) present value savings, (ii) provide that the latest maturity of the refunding Bonds may not extend beyond the latest maturity of the refunded Bonds, (iii) be preceded by delivery of a certificate from the Financial Advisor that demonstrates that the proposed refunding complies with this Section within three (3) business days after the execution of the purchase agreement for the refunding; and (e) no Bonds (excluding refunding Bonds) shall be issued having an issuance date more than ten (10) years after the date of the first issuance of bonds by the District. 4.06 Economic Feasibility. Before any submission of an application for approval of issuance of Bonds to the TCEQ or to the Attorney General, whichever occurs first, the Financial Advisor shall certify in writing to the City that the Bonds are being issued within the then -current economic feasibility guidelines established by the TCEQ for districts in Williamson County and in conformity with this Agreement. 4.07 Notice of Bond Issues. At least thirty (30) days before the submission of an application for approval of issuance of Bonds, except refunding Bonds, to the TCEQ or to the Attorney General, whichever occurs first, the District shall deliver to the City -(a) the certification required Section 4.09 of this Agreement; (b) a copy of its completed application to the TCEQ (without attachments); and (c) a statement from the Financial Advisor containing (i) the amount of Bonds being proposed for issuance; (ii) a general description of the projects to be funded and/or the Bonds to be refunded by such Bonds; and (iii) the proposed debt service and District tax rate after the issuance of the Bonds. If the District is not required to obtain TCEQ approval of the issuance of the Bonds, the District shall nonetheless deliver such certifications and notices to the City at least thirty (30) days prior to the issuance of Bonds, except refunding Bonds, by the District. 4.08 Compliance with All Agreements. At least ten (10) business days before submission of an application for issuance of Bonds to the TCEQ or the Attorney General, whichever occurs first, the District shall certify in writing to the City that the District and Owner are not in breach of any material provision of this Agreement or the Related Agreements, as those may be amended from time to time. 4.09 Certifications. With respect to any matter required by this Article IV to be certified in writing, this Agreement also requires, and the District hereby warrants, that every statement in any certification shall be true and correct in all material respects and that the person signing the certification has been given the requisite authority to do so on behalf of the District. All certifications shall be delivered to the City. Consent Agreement Williamson County MUD #34 Page 14 of 34 4.10 Bond Objections. The City shall have a period of thirty (30) days after receiving the last of the certifications and notices required by Sections 4.06, 4.07, 4.08 and 4.09 of this Agreement within which to object to the Bonds by delivering a City Objection (defined herein) to the District pursuant to this Section 4.10. The only basis for an objection by the City to a proposed Bond issue shall be that the District or Owner is in material default of a provision of this Agreement or the Related Agreements. If the City objects to a proposed Bond issue ("City Objection"), such an objection (a) shall be in writing, (b) shall be given to the District; (c) shall be signed by the City Manager or the City Manager's designee, and (d) shall specifically identify the provision(s) of this Agreement or the Related Agreements for which the District or Owner is in default. It shall not be a basis for a City Objection that the City disagrees with the Financial Advisor as to the financial feasibility of the Bonds so long as the proposed Bonds are approved by the TCEQ and the Attorney General. In the event a City Objection is timely given to the District with respect to a specific Bond application as required by this Section 4.10, the City and the District shall cooperate to resolve the City Objection within a reasonable time, and the sale of the Bonds to which the City Objection applies shall be delayed until the City Objection has been cured or waived. A City Objection may be expressly waived by the City at any time. Unless otherwise cured by written agreement of the Parties, a City Objection shall only be deemed cured if (x) the District files a petition seeking declaratory judgment in state district court, (y) not less than thirty (30) days before filing the petition the District gives the City Notice of, and waives any objections to the City's right to intervene in, such a declaratory judgment action, and (z) the district court (or an appellate court, if an appeal is filed) determines that the District or Owner is not in default with respect to any provision of this Agreement or the Related Agreements, or, alternatively, finds that if such a default had previously occurred, the default has been cured. A City Objection may be expressly waived by the City at any time. 4.11 Official Statements. Within thirty (30) days after the District closes the sale of each series of Bonds, the District shall deliver to the City a copy of the final official statement for such series of Bonds at no cost to the City. 4.12 Limitation on Bond Issuance. In addition to the limitations on Bond issuance set forth elsewhere in this Agreement, the District agrees not to issue Bonds for purposes of reimbursing Owner or Developer for any costs or expenses paid by Owner or Developer after the tenth (10f) anniversary of the date of the first issuance of bonds by the District, which costs and expenses would otherwise be eligible to be reimbursed by the District pursuant to the rules and regulations of the TCEQ or other applicable law. The District and Owner expressly and irrevocably waive any claims against the City for repayment of such indebtedness. The District agrees that all reimbursement Consent Agreement Williamson County MUD #34 Page 15 of 34 agreements that it enters into with Owner or Developer, or any subsequent Owner or Developer, shall include the following provision (subject to modification to use alternative defined terms if necessary to be consistent with the reimbursement agreement): If Owner/Developer has completed the construction of or financed any facilities or undivided interests in facilities on behalf of the District in accordance with the terms of this agreement, but the District has not issued Bonds to reimburse Owner/Developer for the cost of such facilities or undivided interests in facilities, Owner/Developer agrees that it will convey the facilities or undivided interests in question to the City, free and clear of any liens, claims or encumbrances and at no cost to the City, and Owner/Developer hereby waives any payment by the City to which it otherwise would have been eligible for reimbursement from Bond proceeds or any other source. ARTICLE V TAXES, FEES AND CHARGES 5.01 Tax Rate Considerations for Proposed Bonds. Before the issuance of Bonds, the District must provide to the City a final TCEQ order approving the Bond issue (and the accompanying staff memorandum) that indicates concurrence by the TCEQ made in accordance with the TCEQ's then -existing rules, that it is feasible to sell the Bonds and maintain a projected District tax rate that is not more than $0.6660 per $100.00 (the "Feasibility Tax Rate") in assessed valuation on an annual basis, which the District agrees is sufficient to pay debt service on the Bonds in accordance with the terms of each resolution or order approving the issuance of its Bonds in each year while such Bonds are outstanding. The District agrees to adopt its annual tax rate in compliance with the legal requirements applicable to municipal utility districts, to report the tax rate set by the District each year to the District's tax assessor/collector, and to perform all acts required by law for its tax rate to be effective. The District shall maintain all debt service tax revenues in a separate account or accounts from the District's general operating funds. The District shall also require that its bookkeeper provide an accounting allocation of the debt service fund among the various categories of Bond -funded facilities. The City, Owner and the District acknowledge and agree that the Feasibility Tax Rate is sufficient to accomplish the purposes of this Agreement and that Owner has voluntarily agreed (and the District upon creation will voluntarily agree) to the Feasibility Tax Rate. Notwithstanding the foregoing or anything else in this Agreement to the contrary, however, the District and the City understand that the District's power to levy taxes to pay the principal of and interest on Bonds up to the Consent Agreement Williamson County MUD #34 Page 16 of 34 Bond Limit Amount will be unlimited as to rate and amount as necessary to make Bond payments. 5.02 District Fees. The District agrees that the City shall be exempt from, and will not be assessed, any District fees. 5.03 Reimbursement of City Expenses. As additional consideration for this Agreement, pursuant to Section 13.10.050(AC) of the UDC, District, or Owner on behalf of the District, shall pay City's staff and outside expert and consultant costs, fees and expenses associated with formation of the District, and the negotiation, drafting and preparation of this Agreement. In addition, during the term of this Agreement, Owner or the District shall pay to the City any additional fees, costs and expenses in connection with the amendment, implementation or administration of the parts of this Agreement and the Related Agreements related to the City's supervision of the District's activities under this Agreement. The costs, fees and expenses required to be paid by this Section 5.03 shall be paid in full to the City within thirty (30) days of receipt of a statement regarding same from the City. Without limiting the City's right to seek an award of attorney's fees, this Section does not apply to costs, fees or expenses incurred as a result of litigation. 5.04 City Operations Compensation Fee. As additional consideration for this Agreement, Owner shall pay to the City a fee (the "Master Development Fee" or "MDF"), payable out of proceeds from the issuance of Bonds by the District. Unless specified otherwise by the City as provided below, the MDF shall be paid at the rate of ten percent (10%) of each net bond reimbursement received by Owner calculated in accordance with the formula attached hereto as Exhibit F, up to a maximum MDF of ONE MILLION FIVE HUNDRED THOUSAND U.S. DOLLARS ($1,500,000.00). The District and the Owner shall ensure that each MDF installment payment will be paid to the City in conjunction and simultaneously with Owner's reimbursement from the Bonds, and that the full amount of the MDF is paid to the City no later than the date specified in Section 4.12 of this Agreement; therefore, the percentage from each net bond reimburse is subject to increase as the City may determine is necessary to achieve timely payment of the full amount of the MDF. Owner hereby makes a partial assignment of its reimbursement rights to the City, as evidenced by the "Partial Assignment of Receivables Agreement" attached hereto as Exhibit G. ARTICLE VI LAND DEVELOPMENT 6.01 General. All development on the Land must be in compliance with the Governing Regulations. Consent Agreement Williamson County MUD #34 Page 17 of 34 6.02 PUD Ordinance Adoption and Amendment. (a) The PUD Ordinance and its terms and conditions are hereby incorporated herein by reference for all purposes, including enforcement of the terms and conditions of the PUD Ordinances, as if set forth in full. If the terms of the PUD Ordinance conflict with the Governing Regulations, the PUD Ordinance shall control. (b) The PUD Ordinance shall not be amended or altered except upon (1) approval by the City Council of an ordinance amending the PUD Ordinance processed in accordance with the UDC, and (2) approval by all Parties of an amendment to this Agreement incorporating the amended PUD Ordinance by reference into this Agreement. ARTICLE VII PUBLIC INFRASTRUCTURE 7.01 On -Site Water and Wastewater Public Infrastructure. Owner or the District shall construct all water and wastewater On -Site Public Infrastructure, including (i) the water system, including all piping, valves, and hydrants within designated easements or rights of way up to the customer side of the meter; and (ii) the wastewater system, including all piping, manholes, and lift stations located within designated easements or rights of way up to the point of service entry by a single customer. All water and wastewater On -Site Public Infrastructure shall be designed and constructed in accordance with the Governing Regulations and the requirements of any other entity with jurisdiction. 7.02 On -Site Drainage and Water Quality Public Infrastructure. Owner or the District shall construct all drainage, retention, detention, stormwater and water quality On -Site Infrastructure as an integrated regional system that complies with the Governing Regulations. 7.03 Off -Site Water Public Infrastructure. Owner or the District shall construct all Off -Site Public Infrastructure in according with the Governing Regulations and the requirements of any other entity with jurisdiction. 7.04 Transfer of Ownership, Operation and Maintenance of Public Infrastructure. (a) General. For any Public Infrastructure to be conveyed to the City for ownership, operation and maintenance, Owner or the District shall provide the following information to the City: (a) one (1) complete set of Consent Agreement Williamson County MUD #34 Page 18 of 34 as -built plans in the format requested by the City; (b) copies of all documents evidencing transfer or assignment of all contractual rights, warranties, guarantees, assurances of performance, and bonds related to the Public Infrastructure; (c) lien waivers and releases acceptable to the City demonstrating that the Public Infrastructure is free and clear of all liens and encumbrances; and (d) two (2) year maintenance bonds in favor of the City. The City's acceptance of the Public Infrastructure shall be documented in a letter from the City to Owner and the District. (b) Wastewater. If under the Wastewater Services Agreement the City agrees to accept the wastewater Public Infrastructure for ownership, operation and maintenance, then within ninety (90) days after completion of construction, Owner or the District shall convey the wastewater Public Infrastructure to the City for ownership, operation and maintenance and deliver to the City the documentation required by Section 7.04(a) of this Agreement. (c) Water. If under the Water Services Agreement the City agrees to accept the water Public Infrastructure for ownership, operation and maintenance, then within ninety (90) days after the completion of construction, Owner or the District shall convey the water Public Infrastructure to the City for ownership, operation and maintenance and deliver to the City the documentation required by Section 7.04(a) of this Agreement. (d) Drainage and Water OUallty. Upon completion of construction, the drainage, detention, retention, stormwater and water quality Public Infrastructure shall be dedicated or transferred to the District or, with prior City approval or at the City's request, to a property owners association ("POA") for ownership, operation and maintenance as and when any portion of the Land on which Public Infrastructure is located is platted or when otherwise required under the Governing Regulations. Such improvements shall be maintained to City standards by the District or POA, as applicable. 7.05 Capacity Interest Rights. Owner and District, as appropriate, shall reserve capacity interest rights sufficient to provide service to the District in any Public Infrastructure conveyed or otherwise transferred to the City sufficient to serve the Land as contemplated by this Agreement and the Related Agreements. Any such conveyance or other transfer shall not affect Owner's right to reimbursement from the District for the cost of any improvements or capacity in improvements constructed or financed by Owner, or the District's right to effect such reimbursement. Consent Agreement Williamson County MUD #34 Page 19 of 34 ARTICLE VIII SERVICES 8.01 Wastewater Services. (a) Wastewater services to the Land shall be governed by the Wastewater Services Agreement. (b) Wastewater impact fees shall be governed by the Wastewater Services Agreement. (c) Owner shall not submit an application for and the City shall not approve any preliminary or final plat or any other development or plan review application for any portion of the Land that: (1) requires a lift station or any other non -gravity means for the provision of collectivized wastewater service; or (2) is to be served by on -site sewage facilities (septic systems), it being the intent of the Parties that wastewater collection service be provided to the Land solely via the means described in the Wastewater Services Agreement. 8.02 Water Services. (a) Water Services to the Land shall be governed by the Water Services Agreement. (b) Water impact fees, to the extent pre -paid by Owner or its predecessor in interest under the Water Services Agreement, shall be governed by the Water Services Agreement. (c) Water impact fees, to the extent not pre -paid by Owner or its predecessor in interest under the Water Services Agreement, shall be assessed and collected as set forth in the City's Code of Ordinances at the time the final plat containing the service connection is approved by the City, and collected at the time of application for each building permit issued on such portion(s) of the Land. The amount of the City's impact fee shall be the amount in effect at the time of final platting under the applicable provision of the City's Code of Ordinances for the impact fee service area that includes the portion(s) of the Land being served Consent Agreement Williamson County MUD #34 Page 20 of 34 8.03 Garbage Services. Garbage pick-up services shall be provided by the City's solid waste services provider, and customers located on the Land shall be Tier I Customers, as that term is defined in the City's Code of Ordinances Chapter 13.04. 8.04 Police, Fire and EMS Services; SIP Fees. (a) The City will provide police, fire and EMS services to the Land on the same terms and conditions as such services are provided to other similarly situated areas within the corporate limits of the City. (b) Owner agrees to pay or cause to be paid to the City a fee for fire services in the amount of SIX HUNDRED THIRTY U.S. DOLLARS ($630.00) per lot (the "Fire SIP Fee") at the time of building permit application for such lot. 8.05 Services Outside the District. Owner and the District shall not be authorized to provide water, wastewater, garbage, fire, police, EMS or other services outside the boundaries of the District without the express prior written consent of the City Council, at the City Council's sole discretion. ARTICLE IX ANNEXATION 9.01 General. The Parties acknowledge and agree that the Land lies wholly within the corporate limits of the City and the District is an in -City, City -service municipal utility district. The Parties further acknowledge and agree that the creation of the District, and the City's consent thereto, are for purposes that include promoting the orderly development and extension of City services to the Land. 9.02 Filing of Notice. Within thirty (30) days after the District Creation Date, the District shall file in the Official Public Records of Williamson County, a notice required by Section 49.452 of the Texas Water Code in the form of Exhibit H attached hereto, stating the extent of City services. 9.03 In -City MUD. OWNER, THE DISTRICT AND ALL FUTURE OWNERS OF THE LAND HEREBY ACKNOWLEDGE THAT THE LAND IS LOCATED WITHIN THE CORPORATE LIMITS OF THE CITY AND IS ALSO SUBJECT TO TAXATION BY THE CITY. OWNER, THE DISTRICT AND ALL FUTURE OWNERS OF THE LAND HEREBY WAIVE ALL OBJECTIONS TO TAXATION OF THE LAND BY THE CITY. 9.04 Zoning. The PUD Ordinance governs zoning of the Land. Consent Agreement Williamson County MUD #34 Page 21 of 34 9.05 Annexation by the District. The District may not annex any additional land into its boundaries without the prior written consent of the City Council. Any attempted annexation of land into the boundaries of the District without the prior written consent of City Council is void. ARTICLE X AUTHORITY 10.01 Authority. This Agreement is entered into under the statutory authority of Section 54.016 of the Texas Water Code. The Parties intend that this Agreement provide for infrastructure for the Land; specify the uses and development of the Land consistent with the PUD Ordinance; and provide other lawful terms and considerations relating to the Land. 10.02 Intent of Parties Related to Allocation Agreement. Under Section 54.016(f) of the Texas Water Code, the City, as a city providing written consent for the inclusion of land in a district, may provide for a contract, designated as an "allocation agreement," to be entered into between the City and the District. The Parties acknowledge that the provision for an allocation agreement under Section 54.016(f) is at the City's discretion. The City confirms that it is intentionally not providing for an allocation agreement. The Parties agree that this Agreement does not constitute and will not be deemed to constitute an allocation agreement within the meaning of Section 54.016(f). 10.03 Vesting of Rights. The City and Owner mutually agree that Owner has vested authority to develop the project contemplated in this Agreement and the Related Agreements on the Land pursuant to Texas common law and Chapter 245 of the Texas Local Government Code, as amended ("Vested Rights"), as of October 15, 2015 (the "Vested Date"). It is the intent of the City and Owner that development of the project on the Land will be subject to the Governing Regulations in effect as of the Vesting Date, subject to any exceptions contained in this Agreement, the Related Agreements, Texas common law or Chapter 245 of the Texas Local Government Code, as amended. ARTICLE XI REPORTING 11.01 Information to be Provided to the City. The District shall provide a copy of the following documents to the City within the timeframes specified below: (a) Agendas: a copy of the agenda for each meeting of the District's Board concurrently with the posting of such agenda. Consent Agreement Williamson County MUD #34 Page 22 of 34 (b) Minutes: a copy of the minutes of all meetings of the District's Board and of any committees or subcommittees created by the District's Board within ten (10) business days after the date of approval of such minutes by the District's Board, committee, or subcommittee, as applicable. (c) Tax Rate: a copy of each order or other action setting an ad valorem tax rate within ten (10) business days after the date on which the District's Board adopts the rate. (d) Budgets: a copy of the District's budget for each fiscal year within ten (10) business days the date on which the District's Board approves the budget. 11.02 Financial Dormancy Affidavit, Financial Report or Audit. The District shall file a copy of its annual financial dormancy affidavit, annual financial report or annual audit of its debt service and general fund accounts, whichever is required under the Texas Water Code, with the City, within ten (10) business days after the date on which the District's Board approves each financial dormancy affidavit, financial report or audit. 11.03 Other Documents. The District shall provide copies of any other material event notices filed under applicable federal securities laws or regulations to the City within thirty (30) days after filing such notices with the applicable federal agency. ARTICLE XII TERM, ASSIGNMENT AND REMEDIES 12.01 Term. This Agreement shall be effective as to Owner and the District from the Effective Date and shall continue in effect until the District's obligations are fully assumed by the City, at the City's sole election, unless terminated by the City pursuant to Sections 3.06, 12.06 or 12.07 of this Agreement or in writing by mutual agreement of the Parties. This Agreement shall be recorded in the Official Public Records of Williamson County and shall run with the Land. 12.02 Delegation and Assignment. (a) Delegation of Performance Obligation(s). Subject to the additional terms and conditions set forth in Section 12.03 of this Agreement, no Party may delegate any of its obligations to perform under this Agreement, except upon delivery to the non -delegating Parties, at least twenty (20) business days before the delegation, of a written agreement executed by authorized representatives of the delegating Party and the delegate stating the specific performance obligations delegated and containing the delegate's Consent Agreement Williamson County MUD #34 Page 23 of 34 express consent to perform the delegated obligations as set forth in this Agreement with regard to the obligations delegated. (b) Assignment of Rights to Performance. No Party may assign its rights to performance by another Party under this Agreement (including but not limited to its rights to any claim for damages arising out of or related to the non -assigning Parry's breach of this Agreement), voluntarily or involuntarily, whether by merger, consolidation, dissolution, operation of law, or any other manner except, upon delivery to the non -assigning Parties at least twenty (20) business days before the assignment of a written agreement stating the specific rights to performance assigned executed by the assigning Party and the assignee together with all supporting documentation relating to the assignment. Subject to the terms and conditions of Section 12.03 of this Agreement, Owner may assign its rights to performance under this Agreement only to: (1) a lender to the extent necessary to obtain financing for development of the Land and if the assignment to the lender occurs after the recordation of this Agreement as required by Section 13.11 of this Agreement; or (2) a successor owner to Owner of all or any part of the Land who is also an assignee of the Related Agreements; or (3) to the District. Any such assignment shall be subject to the terms of this Agreement. Assignment by Owner to any other persons or entities is not permitted. (c) Effect of Delegation or Assignment. (1) Delegation of obligations as allowed by this Agreement shall not operate to release or discharge the delegating Party of the delegated obligations, and the delegating Party guarantees performance of the delegated obligations. (2) Assignment of rights to performance as allowed by this Agreement shall extinguish the assigning Parry's right to receive performance of the assigned rights during the term of the assignment, except to the extent that the assigning Party retains a lien on the Land or any part thereof accompanying the assignment. Consent Agreement Williamson County MUD #34 Page 24 of 34 (d) Effect of Delegation or Assignment in Violation of this Section. Any purported assignments or delegations in violation of Section 12.02 (a) or (b) are void. 12.03 Other Limitations on Delegation and Assignment. Notwithstanding anything to the contrary in this Agreement, Owner shall not have the right to assign rights in or delegate performance of obligations under this Agreement until after the District becomes a Party and after this Agreement is recorded in the Official Public Records of Williamson County, and any purported assignments or delegations in violation of these two conditions are void and shall have no force or effect. 12.04 Default and Rights and Remedies for Default. (a) Notification of Default. Any material breach of this Agreement shall be a default of this Agreement. If any Party commits a default of this Agreement, the non -defaulting Party shall give Notice to the defaulting Party that describes the default in reasonable detail. (b) Cure of Default. For any default that can be cured by the payment of money (a "Monetary Default"), the defaulting Party shall be allowed thirty (30) days after the date of the Notice to cure the Monetary Default (the "Monetary Default Cure Period"). For any default that is not a Monetary Default (a "Non -Monetary Default"), the defaulting Party must commence the cure of any Non -Monetary Default specified in the Notice within thirty (30) days after the date of the Notice, and thereafter diligently pursue such cure to completion but in no event longer than ninety (90) days after the date of the Notice (the "Non -Monetary Default Cure Period"). 12.05 City's Remedies During Owner's or District's Cure Periods. No Bonds shall be issued by the District and the City shall have all rights to enjoin the issuance of Bonds during the applicable Cure Period for an Owner or District default. In addition, the City shall be relieved of all of its obligations under this Agreement and all Related Agreements, including, without limitation, obligations to process or approve applications, permits, plats, utility connections, utility taps, or any other development or utility -related applications pertaining to the Land, during the applicable Cure Period for an Owner or District default. During the Cure Period, the actions authorized by this Section are the City's exclusive remedies for delay. If Owner's or the District's default remains uncured after the applicable Cure Period, the City shall also be entitled to all rights and remedies available to it by law or in equity or by statute or otherwise. Consent Agreement Williamson County MUD #34 Page 25 of 34 12.06 Rights and Remedies for Default. (a) If the defaulting Party does not cure the default within the applicable Cure Period, and if the non -defaulting Party has not waived the default in writing, then after the expiration of the applicable Cure Period, the non - defaulting Party may, in its sole discretion, and without prejudice to any other right or remedy allowed under this Agreement or a Related Agreement, seek any other relief available at law or in equity, all of which are cumulative and are in addition to any other right or remedy given under this Agreement or a Related Agreement which may now or subsequently exist in law or in equity by statute or otherwise, and the exercise of any one remedy does not preclude the exercise of another. (b) Damages, if any, to which any non -defaulting Party may be entitled shall be limited to actual damages and shall not include special, incidental, or consequential damages. (c) To the extent that any course of dealing, act, omission, failure, or delay in exercising any right or remedy under this Agreement constitutes the election of an inconsistent right or remedy, that election does not constitute a waiver of any right or remedy, or limit or prevent the subsequent enforcement of any provision of this Agreement. No single or partial exercise of any right or remedy under this Agreement precludes the simultaneous or subsequent exercise of any other right or remedy. 12.07 City's Right to Terminate. After the expiration of the applicable Cure Period, without regard to Owner's or the District's partial performance, if any, the City is entitled to terminate this Agreement upon written notice to Owner and the District, with the effect set forth in this Section 12.07, if Owner or the District has failed to cure a default under this Agreement or a Related Agreement within the applicable Cure Period, and the City has not waived the default in writing, or Owner or the District has failed to satisfy a condition precedent and the City has not waived performance of the condition precedent in writing. Termination of this Agreement pursuant to this Section does not terminate, limit or restrict the rights and remedies of the City and is without prejudice to the City's claim for damages. IN ADDITION TO THE CITY'S RIGHT UNDER COMMON LAW TO REDRESS FOR ANY BREACH OR UNCURED DEFAULT, OWNER AND THE DISTRICT SHALL EACH INDEMNIFY AND DEFEND THE CITY AGAINST ALL LOSSES, DAMAGES (INCLUDING, WITHOUT LIMITATION, CONSEQUENTIAL DAMAGES) COSTS AND EXPENSES (INCLUDING, WITHOUT LIMITATION, INTEREST (INCLUDING PREJUDGMENT INTEREST IN ANY LITIGATED MATTER), PENALTIES, COURT COSTS, AND Consent Agreement Williamson County MUD #34 Page 26 of 34 ATTORNEYS FEES AND EXPENSES) ASSERTED AGAINST, IMPOSED UPON OR INCURRED BY THE CITY, DIRECTLY OR INDIRECTLY, ARISING OUT OF OR RESULTING FROM THE BREACH OR UNCURED DEFAULT AND TERMINATION OF THE AGREEMENT AND ENFORCEMENT OF THIS SECTION. ARTICLE XIII MISCELLANEOUS PROVISIONS 13.01 Cooperation. (a) The City, Owner and the District each agree to execute such further documents or instruments as may be necessary to evidence their agreements hereunder or enable the fulfillment of their respective obligations hereunder, provided in either case the terms of this Agreement are not modified or amended thereby. (b) In the event of any third party lawsuit or other claim relating to the validity of this Agreement or any part hereof or any actions taken hereunder by any Party, the City, Owner and the District agree to cooperate in the defense of such suit or claim, and to use their respective best efforts to resolve the suit or claim without diminution in their respective rights and obligations under this Agreement while allowing each Party to effect the benefits of this Agreement to it. 13.02 Notice. Any notice given or documentation required to be delivered under this Agreement to a Party must be in writing and may be given: (i) by depositing it in the United States mail, certified, with return receipt requested, addressed to the Party to be notified and with all charges prepaid; or (ii) by depositing it with Federal Express or another nationally recognized delivery service guaranteeing "next day delivery", addressed to the Party to be notified and with all charges prepaid; or (iii) by personally delivering it to the Party, or any agent of the Party listed in this Agreement. Notice by United States mail will be effective on the earlier of the date of receipt or three (3) days after the date of mailing. Notice given in any other manner will be effective when received. For purposes of notice, the addresses of the Parties, until changed as provided below, will be as follows: City: City of Georgetown P. O. Box 409 Georgetown, Texas 78627 Attn: City Manager Consent Agreement Williamson County NIUD #34 Page 27 of 34 and (for overnight mail or personal delivery) City of Georgetown 113 E.8th Street Georgetown, Texas 78626 Attn: City Manager With a copy to: City Attorney P. O. Box 409 Georgetown, Texas 78627 Attn: City Attorney and (for overnight mail or personal delivery) City of Georgetown 113 E.8th Street Georgetown, Texas 78626 Attn: City Attorney Owner: 278 Georgetown, Inc. 4408 Spicewood Springs Road Austin Texas 78759 Attn: Joseph W. Straub, President With a copy to: Armbrust & Brown, PLLC 100 Congress Avenue, Suite 1300 Austin, Texas 78701 Attn: Kevin M. Flahive District: Williamson County Municipal Utility District No. 34 c/o Armbrust & Brown, PLLC 100 Congress Avenue, Suite 1300 Austin, Texas 78701 Attn: Kevin M. Flahive The Parties may change their respective addresses to any other address within the United States of America by giving at least five (5) days' written notice to the other Party. A Party may, by giving at least five (5) days' written notice to the other Parties, designate additional persons to receive copies of notices under this Agreement. Consent Agreement Williamson County MUD #34 Page 28 of 34 13.03 Severability; Amendment; Waiver. (a) If any provision of this Agreement is illegal, invalid, or unenforceable, under present or future laws, it is the intention of the Parties that the remainder of this Agreement not be affected, and, in lieu of each illegal, invalid, or unenforceable provision, that the Parties have a thirty (30) day period to negotiate a provision be added to this Agreement by mutual agreement of the Parties which is legal, valid, and enforceable and is as similar in terms to the illegal, invalid or enforceable provision as is possible. If no agreement can be reached to modify the illegal, invalid, or unenforceable provision, and the provision is an essential element of this Agreement, this Agreement shall be null and void. (b) The Parties may not amend this Agreement, except in a written agreement executed by duly authorized representatives of the Parties. (c) The Parties may not waive any provision in this Agreement, except pursuant to a writing executed by the Party or Parties against whom the waiver is sought to be enforced. A wavier made in writing on one occasion is effective only in that instance and only for the purpose it is given and is not to be construed as a waiver on any future occasion or against any other Party. 13.04 Applicable Law and Venue. The interpretation, performance, enforcement and validity of this Agreement are governed by the laws of the State of Texas. Venue shall be in a court of appropriate jurisdiction in Williamson County, Texas. 13.05 Entire Agreement. This Agreement and the Exhibits attached hereto, together with the Related Agreements and the exhibits attached thereto, collectively contain the entire agreement of the Parties. There are no other agreements or promises, oral or written, between the Parties regarding the subject matter of those agreements. 13.06 Exhibits, Headings, Construction and Counterparts. All exhibits referred to in or attached to this Agreement are incorporated into and made a part of this Agreement for all purposes. The paragraph headings contained in this Agreement are for convenience only and do not enlarge or limit the scope or meaning of the paragraphs. Wherever appropriate, words of the masculine gender may include the feminine or neuter, and the singular may include the plural, and vice -versa. The Parties acknowledge that each of them have been actively and equally involved in the negotiation of this Agreement. Accordingly, the rule of construction that any Consent Agreement Williamson County MUD #34 Page 29 of 34 ambiguities are to be resolved against the drafting Party shall not be employed in interpreting this Agreement or any exhibits hereto. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, and all of which shall together constitute the same instrument. This Agreement shall become effective only when one or more counterparts, individually or taken together, bear the signatures of all of the Parties. 13.07 Time. Time is of the essence of this Agreement. In computing the number of days for purposes of this Agreement, all days will be counted, including Saturdays, Sundays and legal holidays; however, if the final day of any time period falls on a Saturday, Sunday or legal holiday, then the final day will be deemed to be the next day that is not a Saturday, Sunday or legal holiday. 13.08 Notice to End Buyer. At the time each prospective End Buyer (defined herein) contracts for the purchase of a lot or a home in the District, and at the time each End Buyer closes on the purchase of a lot or a home in the District, the seller shall give the End Buyer the disclosure notices required by Section 49.452 in the form attached as Exhibit H, and 54.016(h)(4)(i) of the Texas Water Code. For the purposes of this Agreement, the Parties agree that the term "End -Buyer" shall mean any owner, Owner, tenant, user, or occupant of any part of the Land, regardless of proposed use, for which a City -approved final plat has been recorded in the Official Public Records of Williamson County. This obligation of sellers of real property to give notice shall be a covenant and shall run with the Land. 13.09 Authority for Execution. The City certifies, represents, and warrants that the execution of this Agreement is duly authorized and adopted in conformity with its City Charter and City ordinances. Owner hereby certifies, represents, and warrants that the execution of this Agreement is duly authorized and adopted in conformity with the certification of formation and bylaws or partnership agreement of each entity executing on behalf of Owner. The District certifies, represents, and warrants that the execution of this Agreement is duly authorized and adopted in conformity with all laws,. rules, regulations and orders governing or pertaining to the District. 13.10 Exhibits. The following exhibits are attached to this Agreement, and are made a part hereof for all purposes: Exhibit A Land — metes and bounds description and surveyor's sketch Exhibit B Preliminary Engineering Report, May 6, 2015 by Gray Engineering Inc. Exhibit C Wastewater Services Agreement Exhibit D Water Services Agreement Exhibit E Environmental Permits Consent Agreement Williamson County MUD 434 Page 30 of 34 Exhibit F Master Development Fee Calculation Form Exhibit G Partial Assignment of Receivables Agreement Exhibit H Notice to Purchaser (TWC 49.452 notice) - form Exhibit I PUD Ordinance Exhibit J Finance Plan, May 10, 2016, by Public Finance Group, LLC 13.11 Recordation. This Agreement shall be recorded in the Official Public Records of Williamson County at Owner's expense. Owner shall obtain and record subordination agreements to the City's interests under this Agreement and the Related Agreements for any lender liens on the Land or other interests in the Land, and on the City's interests under this Agreement and the Related Agreements that are prior to the time of recordation of this Agreement and/or the Related Agreements. [THE BALANCE OF THIS PAGE IS INTENTIONALLY BLANK.] [SIGNATURE PAGES IMMEDIATELY FOLLOW.] Consent Agreement Williamson County MUD #34 Page 31 of 34 IN WITNESS WHEREOF, the undersigned Parties have executed this Agreement on the dates indicated below. CITY: CITY OF GEORGETOWN, TEXAS a Date: M61V Shelley Nowling, City Secretary APPROVED AS TO FORM: Charlie McNabb, City Attorney STATE OF TEXAS § COUNTY OF WILLIAMSON § Dale Ross, Mayor This instrument was acknowledged before me the _ day of 2016, by Dale Ross, Mayor of the City of Georgetown, Texas, a home -rule city, on behalf of the City. Notary Public Signature Printed Name: My Commission Expires: Consent Agreement Williamson County MUD 434 Page 32 of 34 OWNER: 278 GEORGETOWN, INC., a Texas Corporation Date: STATE OF TEXAS § COUNTY OF § Joseph W. Straub, President This instrument was acknowledged before me the _ day of , 2016, by Joseph W. Straub, in his capacity as President of 278 Georgetown, Inc., a Texas corporation, on behalf of said corporation. Notary Public Signature Printed Name: My Commission Expires: Consent Agreement Williamson County MUD #34 Page 33 of 34 DISTRICT: WILLIAMSON COUNTY MUNICIPAL UTILITY DISTRICT NO. 34 M Title: Date: ATTEST: Title: STATE OF TEXAS § COUNTY OF WILLIAMSON § This instrument was acknowledged before me the _ day of 201� by President of Williamson County Municipal Utility District No. 34, a special district formed and operating under Chapters 49 and 54 of the Texas Water Code. Notary Public Signature Printed Name: My Commission Expires: Consent Agreement Williamson County MUD #34 Page 34 of 34 Exhibit Page I or I o _ axe Gal Su oyo!s, Inc. �n� 8333 GYarra?rrk mrhv 1luas ; T%78754 (Q/yirrerad, 7,n #10o1S100 0--J1Z374.9722 (Far SJZ8739743 METES AND BOUNDS DESCRIPTION BEING 278.21 ACRES OF LAND OUT OF THE ISAAC D014AGA14 SURVEY, ABSTRACT NUMBER 178 AND THE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 608; BOTH IN WIL-DAMSON COUNTY, TEXAS, AND BEING THAT SAME TRACT OF LAND CONVEYED AS 279212 ACRES TO 278 GEORGETOWN INC BY INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2014094143 OF THE OFFICIALPUBLIC RECORDS OF WILLIAMSON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING at a la" mbar found for the nw0i mmost northeast comer of said 278.212 acre tmci, being the northwest comet of a 10.550 ncm tract of land conveyed to MCC Highway 29 Development, L)LZ by inshumcnt of record in Dacumn=tNumber 2007014935 of the Official Public Records of W iliiamson County, Texas and also being in Ore south right-ofway Ih1e of State Highway Number 29 (R.O.W. variea7 THENCE along the north line of dre 278.212 acm tractam1 the west and smith lines of said 10.550 some tract the following tow (4) courser. 1. South 04s28'24" West (record: South 04a31'00" Wes0, passing at o distmeo of 18.38 there la" rebw found with plastic, cap, which reeds "G 8c R Surveying" and continuing for a total distance of 71.56 feu (record: 71.55 fat) m a la" mbar Pound; 2. South 72a46'33" Past &•distance of556,b3 feet (record: "South 72648145" East a distance of 556.79 fmt) to a la" mbar setwith plastic eap,.which reads "Baselfrle, lne.'; 3. Soug179PIO'22" past n disunm of 70.58 feu (record: South 7902TIV East s distona of 70.62 feat) to a 5/8" mbar found; 4. North 69a16'34" Best a distance of 197.69 Rat (mcord: North 69a18'00" East a distance of 197.85 fear) to a la" mbar set with plastic cap, which roads "Baselim, Inc." for the castemmost northeast comerof the 278.212 acre tract; THENCE South 25"58'40" Past (record: South 2e0l'15' Best), along the earl line of the 278.212 acm tract and continuing along tho south line of the 10.550 acre tract a distance of 51.58 feet (record: 51.61 fat) to a la" mbar set with plastic cap, which Wads "Beetling Inc." for an angle, point in the south line of the 10.550 acre tract and being the northwest comer of a 291.09 acre tract of land comeyod to JudyDcea Wolf Hindelang, Susan lane Wolf Robamou, Jay Lan Wolf, Jr. and Iva Wolf McWilm by Inshument ofrecord in Docornent Number 2009090679 of the Official Public Records of Williamson County, Tom and known therein as' tact Five - Forced Three,,. {Wo652706.3} A-1 Page 2 of 10 'HENCE along the east line ofihe 278.212 acre (mat and the west line of sold 291.09 acre rmcl the following eight (9) courses: I. South 21 °08'52" Costa distance of 692.23 feet (word: South 21°09'15" Earl u distance of 692.23 fwt) to a 12" robarfound; 2. South 21°I5'01"Enstadisianceaf393.09 fbct(record: South2l°17'00"Eastodisianceof 393.3 9 feet) to a 12 mbar found with cop, stamped "Pape Dawson"; 3. South 24059'27" East a distance of 98.15 feet (record; South 24058' 15" East a distance of 88.21 feet) to a 12" rebar found; 4. South 1903890" Cast a distance of207.78 fed (reoord: South 19°39'00" East a distance of 207.78 feet) to a 12" robar found; 5. South21°57111"E,astadistanceof450Al feet(record: South 21058'45" East adistanecof 450.41 fce) to a 12" rebut found; 6. South 20°55'39" East a distance of 911.42 feel (record: South 20o%' I5" Easta distance of 91134 feet) to a l2"rebar found; 7. South 21040'34" Best a distance of 388,49 feet (record: South 21141'00" East a distance of 388A9 feet) to a 12" rebarfound for the southeast comer of the 278212 acre tact, being the southwest comer of Ore 291.09 acre tract and being in (he north line of a 457 acre tract of land wnvo)td to W.T. Guy by instrument of record in Volume 345, Page 460 of die Deed Records of Williamson County, Taxes; THENCE South 49°50'28" West (record: South 49°49'00" Wes), creasing through sold 457 acre tract, along the called south line of the 278212 acre tract, passing at a distance of 215.95 feet (record: 215.93 fact) a 12" rebar found with cap, stomped "RPIS 5784 on the edge of a bluff and continuing for a total distance of 295.28 feel (record: 295.15 feet) to a Calculated point in the west line of the 457 am tact, being We north lino of 104820 acre tract of land conveyed to A.C. Weir and Esther Weir by insbumonl of record in Volume 522, Page 451 oftre Deed Records of Williamson County, Tom and designated as 'rim[ Trace' therein and being the approximate centerline of the San Gabriel River, THENCP. North B I °5T4r' West (record: North 81 "59'00" West), along the Called south lino of the 278,212 acre tract, the west line of the 457 am i'raot, thereat line of said 1048.20 acre tract and the approximate ceneerlino of the San Gabriel River, passing at a dh6ce of 195.03 fact a calculated point at the approximate intersection of to waterline of the Son Gabriel liver with the south line of the Isaac Donegan Survey, Abstract Number 178, being the north line of the Joseph Thompson Survey, Abstract Number 608 and being the northwest comer of the 457 acre tact and confirming along the called south line of the 278,212 acre tract, the north lino of the 104820 acre tract and the approximate wnterline of the San Gabriel River for a total distance of 645.06 feet (record: WS7 fed) to a calculated point; THENCE along the South line of the 278.12 acre rivet, the north line of the 1048.20 acts tract and the approximate centerline of the San Gabriel River the following six (6) Courses: 1, South 55°06'29" West a distance of 519.75 feet (record: South 55°05'15" West a distinct of519.75 feet) to a Calculated point; Mo6527o6.31' A-2 Page 3 of 10 2. South 23'01'29" West a distance of 1534.01 feat (record: South 23000' 15" West a distance of 1534.01 feet) to a calculated point; 3. South 69"08'29" West a distance of 326.36 feet (accord: South 69*07'15" West a distance of326.36 feet) to a calculated point; 4 South 85°42'29" West a distance of 621.76 fact (record: South 85*4P)5" West a distance of621.76 feet) to a calculated point; S. South 57011'29" Wesl a distanceof 268.60 foot (record: South 57"10'15" West a distance, of 268.60 fee) to a calculated point; 6. South 70'04'29" west a distance of755.32 fact(recmd: South 70°03'15" West a distance of 755.32 feet) to a calculated point for the northwest coma•ofthe 104820 acre tract and being the northeast corner of a 190AO acre Imd of lend conveyed to Texas Crushed Stone Company by instrument of record lit Volume 743, Page 47 of the Deed Records of Williamson County, Texas; THENCE South 75-49'12" West (record: South 75048'15" West), along tha south line of the 278212 sue tract, the north line of said 190AU acre tract and the approximate ocMafine of the San Gabriel Rlvcr a distance of 116.10 feet (record: 116.10 iced) to a calculated point for the southwest comer of the 278212 acre tract and being the southeast corner of a 103.9327 acre tract Of land conveyed to Elbat L. Brown and Bmrly D. Brown by instrum at of record in Volume 2189, Page 585 of the Official Records of W illinmson County, Texas; THENCE along the west line OF the 278.212 acre tract and the east line of said 1039327 acre tract the following tan (10) curses: 1. North 01'27'13" West a distanco of 1,64233 fact (record: North 01"2S'l5" West a distance of 1,642.61 feet)toa 12"rebarfound; 2. North 84"56'46" Best a distance of 498.41 feel (record: North 84'56'00" East a disuuta of 498.38 feet) to a M2" rebar found; 3. North 09"53'36" West a distance of 350.08 feet (record: North 09054.45"West a distance of 350.05 feet) to a 12" rebor found; 4. North 11*18'36" West a distance of 383.88 fat (record: North 11'21'45" West a distance of 383,76 fat) to a 12" robot found; 5. North 04046'49" East a distance of 575.81 fed (record: North 04147'00" East a distance of 575.94 fat) to a 12"tabor found; 6. North 10012'10" Westadistanceof 192.13 feet(record: North 10-11'1$" Wag a distanceof 192.14 feel) to a nail found; 7. North 40055'l5" East a distance of 13.10 fed (record: North 40-32'15" East a distance of 13.02 feet) to a nail found; 8. North 00°17'06" East a distancoof 343.70 fed (record: North 00015'45" East a distance of 343.66 that) to a 12" tebar with plastic cap set which reeds "BASELINE INC."; (Wo6527o6.3} A-3 Page 4 of I0 9. North 02011'06" West n distance of320.09 fed (record: North 0291.15" West a distance of 319.98 rest) to a 12" mbar frond with Illegible cap; 10. North 01"5414" West a distance of 174.14 fed (record: North 01056'00" Wed a dfstance of 174.07 fat to a W' mbar found for The northwest comer of the 278.212 awe tract, being the southwest comer of Shadow Canyon Commercial Section 3; a subdivision of record in Document Number 2014095365 of the Official Public Records of Williamson County, Texas; from which a )2" rebar found in the west line of said Shadow Canyon Commercial Section 3 and the east line ofthe 1039327 am tract bears North 01"54134" West a distance of 1,049.31 fed (record: North 01"54108" West a distance of 1,049.26 imet); THENCE along the north line of the 278212 am tract and the south mid cast lines of Shadow Canyon Commercial Section 3 the following 5 courses; 1. North 83"37'24" East a distance of 248,64 fed (record: North 83-3315* Past a distance of 248.63 feet) to a 12" mbar found with cap, stamped "RP1S 5784" Fir a point of curvature; 2. Along non•tangwinl curve to dun right having a radius of345.00 fed,(mourd: 345.00 fee() a length of 155.98 fat, (record: 156.12 fed) a delta angle of 25054' 14" and a chord which been North 64"39'03" Past a distance of 154.65 ih4 (mcord: North 64%2'00" East a distance of 154.79 fee) to a nail found; 3. North 77°4235" Past a distance of49924 fact (record: North 77040'Od'East a distance of 498.83 feet) to a 12" mbar found; 4. North 20"13'52" West a distance of 402,50 fed (retool: North 20014'00" West adisimce of 402.27 fed) to a 12" mbar found wi0h cap, stemped'RPLS 5784" I'rapoint ofcurvature; 5. Alonga tangential curve to the right having a radius of 150.00 fed, (record: 150d10 foal) a length of 235.69 fed, (record: 235.76 fa) a delta angle of 90*01141" and a chord which bears North 22011'49" East a distance of 212.18 feet, (meonl: North 22"08'00" East a distance of 21223 fat) to 12" niter found with cap, stamped "RPM 5784" for an angle point in the cast line of Shadow Canyon Commercial Section 3, bang an angle point in the west line of Shadow Canyon Commemial Section 2; a subdivision of retard in Documen( Number 2010086635 of Ow Official Public Records of Wi0lamsan County, Texas; THENCE along the north It= of the 278212 acre tract and the south and most lines of mid Shadow Canyon Commercial Section 2 the following four (4)courses: 1. Continue along a tangential curve to dun rIA having a radius of 150.00 fbet(record: 150.00 fat), a length of 235.41 feet (marl 235.67 fat), a dolts angle of 89"55' I S"and a chord, whiolr boars South 67"48'02" Pad a distance of 211.99 fat (record: South 67"51' 14" East a distance of212.17 fa) to a 12" mbar found with cep, stamped'RP1S 5784" for a point of tangency; 2. South 22"59'17'Paaladistanceof6g.03fat(reomd: South 22"51'54"East a distance of 68.24 fce) to a 12" reber found with cep stamped "RPIS 5784" for a point of eurvatum; 3. Almga tangetvial curve to the right, having a radius of797.62 feet(rmord: 797.62fee),a length of 343.26 fat (record: 343.51 Fed), a delta migleof24"39'26" and a elmrd, which JM652706.3) A-4 Pages of t0 bears South 3701 INZ" Beat a distance of 340.61 feet (record: South 37012'18" Last a distanceof340.86 feel to a If2" rebar fband wish cap, stamped "CCC 4935'; North 09"49'27" East (record: North 09"45'OS" Bast), passing of a distance of 654.97 feet (record: 655.00 fat) a calculated point for an angle point in the cast lime of Shadow Canyon Commercial Section 2, being the south caner of Shadow Canyon Commercial Section 1; a Subdivision of record in Document Number 2008045660 of the Official Public Records of Williamson County, Texas and passing at an additional distance of 72.93 feet a 12" rebar found with illegible pladio cap and continue another 2.15 fed for a distance of 75.06 feet (record: 75.06 fed) from Said south comer of Shadow Canyon Commercial Section I for an overall disumee of 730.04 fed (record: 730.06 feet) to a If2" rebar set with plastic cap, which reads "Basoline, Inc." fora point of curvature, THENCE along The north line of the 279.212 acre tract and the east lino of said shadow Canyon Commercial Section 1 the following two (2) courses: 1. Alcngatangential curve to the left, havinga radius of 567.50 faet(rown1: 567.50feet),a length of26039loot (record: 26039 feet), a delta mrgle of 26"17121"(record: 26017122/1 and a chord, which bears North 03021'52" West a distance of258.11 fed (record: North 03"22'43" West a distance of 258.11 feat) to a 12" mW found with illegible plastic cap for a point of tangency; 2. North 16"30'33" West a distance of i 14.79 fed (roconk North 16031'24" Wen a distance of 114.87 fact) to a 12" mbor set with plastic cnp, which reeds "BasellnS Inc." for an angle point In the north line of the 279.212 awe tract, being the northernmost northeast comer of Shadow Canyon Commercial Section 1 and also bang in the south righFof-way line of said State Highway Number29, THENCE North 734291524Best (record: North 73"28'45" Barth along tiro north line of the 278212 acre truck and the South righl-ef--way line of State Highway Number29 a distance of289.31 feat (record: 28939 fact) to tic POINT OF BEGIMINO. This tract cootains 27821 acres. of land, more w less, out of the Isaac Donegan Survey, Absirnct Number 178 and the Joseph Thompson Survey, Abstract Number 508 in Williamson County, Texas Bearing Basis: Trams State Plpnc Coordinates, Central Zone, NAA83196CORS. Ronnie Wallace Duo Regustcsed Professional land Surveyor State of Texas No. 5222 File: S.%Pmjacts%Shadow Canyonl)acs1F5oh1 NoteMoundary 278 Ac.doe 1W06527o6.3) A-5 S.H. 29 (R.O.W. VARIES) SHADOW CANYON I COMMERCIAL SECTION 2 DOC. NO. 2010DO6635 O.P.R6Tw{'.W.C.T. yyri d� Aas mA4• za z ,`•,5' 'IX;C IE55' z�= m ME OF DETAIL MCC HIGHWAY 29 DEVELOPMENT. LLC 10550 AC. DOC. NO. 2007014a35 O.P.R.W.C.T. �vR 278 GEORGETOWN INC. �S 278.212 AC. DOC. NO. 2014094143 a O.P.R.W.C.T. DETAIL (NOT TO SCALE) s190Iw 2.1 " CNM�Y SEC90N 1i lmw u�eao vA,y 1 �orxwar. 8 b �• /� SEE SHEET 7 FOR LEGEND SEE SHEET 10 FOR LINE & CURVE TABLES yJAE GRAPHIC SCALE 300 750 0 300 IN FEET MATCHUNE SHEET 6 MATCHEINE SHEET 7 MCLACHNAN 291.09 AC. warNE LAND SURVEYORS, It vn AAwtmaxa.wawRrtWrn:sEavlo;: e6e; ®aosAuuoave AlwnW wxas JmsJ um,J�mwnovnm A9 ORFP:9tSN.9A1 fXt1,11)J.9Ni IMGIWFBM61RST1 ffo6527o6.3} A-6 JR.I SHEET ', 6 91 10 MATCHLINE SHEET 6 MATCHLINE SHEET 7 SEE SHEET 7 278 GEORGETOWN INC. FOR LEGEND 278,212 AC. I SEE SHEET 10 DOC, NO. 2014094143 1 FOR LINE & CURVE TABLES O.P.R.W.C.T. 278.21 ACII 478 JL z dAGein`o �`Li1"L°'r JAY m m i8 m V GRAPHIC SCALE LINE 10.F. P�ER VOL 300 ISO O IN FEET OFP mC WN" SLRVfl' ABSTRAGI NUMBER Ile OF JOSEPN TNOMPBON BURYE 6{pIGT NUMBER BOB/ 61 Z 35j915i 00 JR. ,�6umu4•Ty �rX�><r c°��7,� �gAg 09 24 gtiwE A.C. WEIR k ESIHER WEIR\ 3.1 1048.20 AC. 'FIRST TRACT' VOL. 522, PAGE 451 D.R•W.C.T. • 1/2" IRON REBAR FOUND (NOTED, IF CAPPED) O 1/2- IRON REBAR SET WITH CAP: 'BASELINE, INC.' ♦ NAIL FOUND A CALCULATED POINT R.O.W. RIGHT OF WAY D.R.W.C.T. DEED RECORDS WILLIAMSON COUNTY, TEXAS O.P.R.W.C.T. OFFICIAL PUBLIC RECORDS WILLIAMSON COUNTY, TEXAS O.R,W.C.T. OFFICIAL RECORDS WIWAMSON COUNTY, TEYS ( ) RECORD INFO. DOC. NO. 2014094143 O.P.R.W.C.T. ( [ RECORD INFORMATION-DOC. NO. 2002093326, O.P.R.W.C.T. [ ] RECORD INFORMATION-DOC, NO. 2008045600, O.P.R.W.C.T, [[ 11 RECORD INFORMATION-DDC. NO. 2010088635, O.P.R.W.C.T. [[[ ]]] RECORD INFORMATION-DOC. NO. 2014055365, O.P.R.W.C.T. BASIS OF BEARINGS: TEXAS STATE PLANE COORDINATES, CENTRAL ZONE, HAD 83/96 52TCH TG ACCOMPANY FIELD NOTES SASEUNE LAND SURVEYORS, INC OF 278.21 ACRES OF LAND OUT DF T8E ISAAC DONAGAN SURVEY, ABSTRACT NUMBER 178 AND PAOFE557GTV.IN08URVEYING3EAWLR THE JOSEPH THOMPSON SURVEY, ABSTRACT BOTH IN WHUAMSON COUNTY, TEXAS AND BEDJG THAT SANE TRACT OF LAND CON7EYBD AS a0avn.Fm FAnsuman,r SHEET 7 al 10 (Wo6527o6.3) A-7 CURVE TABLE CURVE RADIUS LENGTH DELTA BEARING, CHORD CI . 0' S 5' ' 9' 1= 3 5 56 N84'42'00' 154. ' C2 00' 1'49'E 1 . CZ 0' 2 .76' N 06' ' 21 C3 2 41' C3 . 0' . 7' 5 ' C4 -ffC-+T 7 7.8 ' 3 61' 797.62' 343.51' 7 ' 8' 40.8 ' CS 5 50' 26 6'17'21' 1' CS 7' 1' LINE TABLE LINE BEARING LEN1H LI P2V2'W 7156' LI SO4'31'00'W 71. ' L2 0' 6'22'E 70.58' 12 S]8'22 16 E 70.82 L3 N 9 6' ' 3 N69'I B'00'E 197.85' L4 5 5' '40'E 1. ' 4 S28'01'16'E 51.61' L5 ' '01' 393. ' l5 S2 ' 7.00'E 393.19' L6 5 ' 7' BILISm L6 S24'5815 E 98.21 L7 S 92' 0$ 207.78' L S1939 00'E 207.7E Le s7s ' z 57S4B'1597 116.10' LVNC'WW LMall192.1'4' L113.1 ' 13.02' L1174 . 4' L1174.07 L12 N83-37'24' 248.64' L12 WS3315 E 248.63' L13 LI 37 S22'5 '54'E 68.24' L14 0'33 114.7 ' L14 N16'SI 24 114.87 LIS 3'2B' 2' LIS N73'2845E 289.39' HASELTNE LAND SURVEYORS, INC. AND v6a7ss1avaLtaN9su6v6rnacsE7lvrce:.s 1 005; emam6u4arve 4usrn nw>m4 9male�mwwnmuim 3 A9 orten47nrm rmsr:m.ma memelM1cOwu�mm� SHEET 10 0119 {Wo6527o6.3} A-io _ 4AT�CHLINE SHEET 9 MATCHLINE SHEET 8 ,15� 1 WNW ELBERT L. BROWN & BEVERLY D. BROWN V= D D 103.9327 AC. VOL 2159. PG. 585 O.R.W.C.T. 278.21 AC. 0 _ _ doJ- C C (NB4• 278 GEORGETOWN INC. (410 E ' 8' E% 278.212 AC, m1m DOC. NO. 2014094143 9S.4a) •'I� O.P.R.W.O.T. Ot [:4 fy AOM SURVEY L . AppROpIMTE SOUTH UN MIISW NBFR 1T8� _ ` _ - r9smMa _ SURVEY 1 APPRO%BW1E NOROI ,T HUMER MON�N ry 608 GRAPHIC SCALE I 1 300 ISO 0 300 IN FEET TEXAS CRUSHED SEE SHEET 7 STONE COMPANY FOR LEGEND ra�ryl 190.40 AC. SEE SHEET 10 OL 743, PAGE 47 FOR UNE &CURVE TABLES wh A I 'w I D.R.VIC.T. 557 �4� 0�il' cQy LryO�b�w 'APPRO%BETE CENfFAUNE OF Yj SBS,4 'APPRO%91A1E GBDERUNE OF 5AV rtRP.IPI.BAff . 2@.(sn... 29 v _ sAR asaPo¢ RNEB• A.C. WEIR & ESTHER WEIR IG48.20 AC. "FIRST TPACT- VOL 522. PAGE 451 D.R.W.C.T. necs�n TV Allvm , e,cw ,,V' BASELINE NAND SURVEYORSr INC. OF 278.21 ACRES OF LAND OUT OF THE ISAAC DONAGAN SURVEY, ABSTRACT' NUMBS 178 AND THE 10SEPH THOMPSON SURVEY, ABSTRACT NUMBER 6081 BOTH IN MUAAMSON COUNTY, TEXAS n�®menmu,W AND BEING THAT SAME TRACT OF IAND CONVEYED AS m,mnunmi Aw,sysnrMs 278.212 ACRES TO 278 GRORGETOHN, DVC, BY "' "'"'"SHEET INETRUMENT OF RECORD IN DOCUMENT NUMBER 2014094143 OF THE OFPICIAL PUBLIC RECORDS OF WIT.T.lAM9nN CDIINTI'. TRXA9 8 of 10 as ,: ¢mse x uemtrw, (WO652706.3) A-8 SEE SHEET 7 FOR LEGEND S.H. 29 (R.O.W. VARIES) 1 SEE SHEET 10 1 FOR LINE & CURVE TABLES I S CANYONRCM i I 1 COOW SECTION 3 SECTION 3 N M NO. w of 2014085365•rsl�s e>nr C $� O.PRW.CT.C.T. GRAPHIC SCALE 'IflIS Stt�' 300 IS p 300 �M ZP IN FEE! n y t' 2 9 �.y�wpw�jJ' =0 NI`n Wi __I.y>< '1 " LLLN77.40'00'E]]) "" 1 N77-421135"E ,J •� smr [LL498. 34- I I cwlE I ELBERT L BROWN k 8EVERLY D. BROWN 103.9327 AC. r 278.21 AC. VOL 2189, PG. 585 O.R.W.C.T. "+fig ^ 278 GEORGETOWN INC. �I� =g 278.212 AC. ZiZ •'• OOC. N0. 2014094143 mim O.P.R.W.C.T. V�O m m mlr� WIN F L __J__�1TCHLINE SHEET 9_____„_, __T__�__,_•"__ MATCHLINE SHEET 8 BASELINE LAND SURVEYORS, PVC DF 278.21 ACRES OF LAND OUT OF THE ISAAC DONAGAN SURVEY, ABSTRACT NUMBER 178 AND rRacruL wlo slmvElalpsmWctb' THE JOSEPH THOMPSON SURVEY, ABSTRACT NUMBER 006; BOTH IN WHIJAMSON COUNTY, TEXAS nrssmmnsx "pOS1Ds OR '�s'xmssn Amsvanssu AND BEING THAT SAME TRACT OF LAND CONVEYED AS menN> nAam 9/8.212 ACRES TO 270 GEORGETOWN, INC. BY 'ry'"'• nfFET INSTRUMENT OF RECORD IN DOCUMENT NUMBER 2014094143 OF THE OFFICIAL. PUBLIC RECGR➢S OP s>: . r-,w s>•, g � 10 TML AMSON COUNTY TEXAS .. MW o avcn:ta a..4-ury {4Vo6827o6.3} A-9 O 512.452.0371 : F 512.454.9933 grayengineering inc.com 8834 North Capital of Texas Highway, Suite 140 Austin, Texas 78759 ENG- IN lEERING5 TBPE2946 PRELIMINARY ENGINEERING REPORT FOR SHADOW CANYON CONSENT TO CREATE A MUNICIPAL UTILITY DISTRICT Prepared For: 278 Georgetown, Inc. Prepared By: Gray Engineering, Inc. 8834 North Capital of Texas Highway, Suite 140 Austin, Texas 78759 TBPE Firm #2946 G )' }(a•, May 6, 2015 ` C RRj/l� C yq GEI No.1628-10941-54 This report presents the preliminary engineering information about the tract to show that it is plausible for creation of a Municipal Utility District (MUD) on the tract. The development is currently planned to be comprised of the Shadow Canyon tract consisting of 278.212 acres, more or less, tract of land out of the Issac Donagan Survey, Abstract No. 178 and the Joseph Thompson Survey, Abstract No. 608, Williamson County, Texas. The tract is located on the west side of Georgetown south of State Highway 29. See Exhibit A. The tract topography consists of flat plateaus located between steeply sloping ravines with grades approaching in excess of 25%. The natural drainage is to the south terminating into the South San Gabriel River along the southern boundary of the 278 Tract. There is an existing 24" waterline located immediately across SH 29 in front of the tract. This line was originally installed by the Chisolm Trail SUD but it is now being operated by the City of Georgetown. Water service is expected to be provided to the 278 Tract by the city of Georgetown by connection to this line. The City of Georgetown operates a wastewater treatment plant located east of IH 35. A newly installed gravity wastewater interceptor along the South San Gabriel River will connect the 278 Tract to this plant allowing wastewater treatment and disposal to be provided by the City of Georgetown. In general the tract has very favorable relatively flat plateau topography for residential development with water and wastewater facilities in close proximity for services. PRELIMINARY DRAINAGE STUDY As previously noted, the 278 Tract has two main drainage basins that drain southward through the tract terminating into the South San Gabriel River. The drainage basins for excellent conveyance of storm water flows directly to the river. Each of the drainage ways will be preserved intact to accept storm water runoff from the project which will be designed to the City of Georgetown Standards and include curb and guttered streets, curb inlets, storm sewer pipes and headwalls discharging into the existing drainage ways. Precautions will be taken to ensure that the development flows will not create erosion problems in the natural waterways with onsite water quality ponds being incorporated into the overall project. The waterways and water quality pond areas may be able to be incorporated into recreational parkways to provide additional benefits to the project. PRELIMINARY ROAD STUDY The 278 Tract borders SH 29 on the north side of the project. This will provide both eastbound access to IH 35 and westbound access to both Ronald Reagan Blvd. and US 183-A. TRAFFIC STUDY A TIA had been previously prepared for the 278 Tract. During the project planning meetings with the City, any revisions or updates to the TIA will be discussed and provided, if needed. PRELIMINARY COST ESTIMATES With the proximity of existing water and wastewater facilities to the 278 Tract, the estimated water distribution, wastewater collection and storm drainage improvements costs is $12,180,375. A detailed Estimate of Probable Construction Costs is attached as Appendix D to this report. 278 Georgetown, Inc. Preliminary Engineering Report for Possible MUD Creation LIST OF ATTACHMENTS: Appendix A: Location Map Appendix B: Concept Plan Appendix C: Utility Layouts Appendix D: Estimate of Probable Construction Costs Appendix A IL®caf o n Map A Saul. 1"=800' DRAW seals m CRT SHADOW CANYON SITE EXHIBIT Appendix B Concept Plan N�CaNWp�z9 ACCESS TO ADJACENT PROPERTY PARCEL1 RESIDENTIAL - RS 29.6 AC. ACCESS TO ADJ PROPERTY PARCEL3 RESIDENTIAL -RS 7.1 AC. 3 ACCESS TO "'`•� ADJACENT PROPERTY PARCEL2 RESIDENTIAL -RS 21.6 AC. PARCEL4 RESIDENTIAL -RS OPEN s 36.9 AC. SPACE J-� PARCELS RESIDENTIAL - RS 21.8 AC. ACCESS TO ADJACENT PROPER—MTRAIL PARCEL6 RESIDENTIAL -RS y� 17.1 AO -aT} 'W RESIDENTIAL LAND USE SUMMARY <y LOT TYPE ACRES MAXIMUM UNITS E� RESIDENTIAL (RS) 160.3 AC. PARCEL? RESIDENTIAL -RS o RESIDENTIAL TOTAL 160.3AC. 600units 26.2 AC. S ® Amenity Center 3.4 AC. 0 0 Major Row 9.1AC. Open Space' 34.3 AC. HabltatlKarstBulfers 49.1 AC. APPROXIMATE FORMER USFW HABITAT BOUNDARY O Public ParMand Dedication 22.0 AC. Notes: TOTAL 278.2 AC. Open space includes greenbelts, easements and landscape buffers o a5o 700 140 Scale: 1'=70V SEC Planning, LLC EXHIBIT C NORTH Apl2]2016 ' n,��"�N�nIYDAte, L,nn wamma• lanasUpenrtnaen„a. Grnmuniiy eanems v...uw 278 GEORGETOWN, INC. "A m.wmawwod- �i.J—wimoai.aca6w,wcaw yumamvs .nwme..owa.i.a.. w.e,a,®y. a=adwaamua. wa GEORGETOWN, TEXAS wbw..ow.y.. W.i.nap.nI mn p..nam.-dc mnm ow`wwtwn1"M aa,,wwI. w 15wq.emaago, Appennfflx C Ufflity Layo nas SCALE: 1"=500' CM!F m SCALE IN f'EET SHADOW CANYON 0 250 No 750 1000 WATER EXHIBIT SCALE: 1 "=500' GRAPHIC SCALC IN FEEL SHADOW CANYON o zw - 500 - 750 1600 WASTEWATER EXHIBIT SCALE: 1"=500' GRAPHIC SCALE RI FEET SHADOW CANYON o no 50D 750 10G0 STORM SEWER EXHIBIT Appendix Estimate of ProbabRe Construction Costs WILLIMASON. COUNTY MUNICIPAL UTILITY DISTRICT NO.34 SUMMARY OF CONSTRUCTION COSTS Construction Costs A. Developer Items 1. Water Distribution 2. Wastewater Collection 3. Storm Drainage 4. Road No. 1 5. Road No. 2 Subtotal 6. Contingencies (10%) 7. Engineering, Fees, Permits (15%) Total Developer Items B. District Items 1. Capital Recover Fees a. Water (591 Connections@ $5,139/LUE) b. Wastewater (591 Connections @ $2,997/LUE) c. Watewater- South Fork (591 Connections @ $4,452/LUE) 2. Water Quality Ponds (24ac @ $36,500/ac) Total District Items Total Estimated Costs $ 2,812,500 4,845,000 4,522,875 670,100 627,940 $ 13,478,415 1,347,942 2,021,762 $ 16,848,019 $ 3,037,149 $ 1,771,227 $ 2,631,132 $ 876,000 $ 8,315,508 TOTAL CONSTRUCTION COST $ 25,163,527 I'I NOTES: (i) Total construction costs do not include the following estimated non -construction related costs, which are also appropriate to be considered for reimbursement: a. Environmental Mitigation b. City Contributions C. Developer Interest d. Creation Costs Total GEI Job No. 1628-10941-54 Revised 5/10/2016 $ 3,000,000.00 $ 1,500,000.00 $ 1,850,000.00 $ 200,000.00 $ 6,550,000.00 a STATE OF TEXAS § OFFSITE UTILITY CONSTRUCTION § COST REIMBURSEMENT COUNTY OF WILLIAMSON 4 AGREEMENT FOR SHADOW CANYON 1. The parties to this Offsite Utility Construction Cost Reimbursement Agreement for Shadow Canyon (the "Agreement") are tire CITY OF GEORGETOWN, a Texas Home Rule Municipal Corporation (the "City"); and San Gabriel Harvard, L.P., an Arizona limited partnership ("Developer"). Recitals 2. WHEREAS, the Developer is the owner of the property consisting of approximately 306 acres (+/-) for which the City Council approved a Preliminary Plat for the project to be known as Shadow Canyon (the "Property") on December 14, 2004, a copy of which preliminary plat is attached hereto as Exhibit `A "; and WHEREAS, the City's Unified Development Code ("Code") requires that the Developer extend wastewater lines that satisfy the current Wastewater Master Plan and the needs for the Property at Developer's expense; and 4. WHEREAS, Section 13.09.030(C )(1) of the Code also provides that: "The City may, at its sole discretion, participate with the sub -divider in the cost of oversized facilities based upon, but not limited to the following factors: (1) the approved utility budget for the current year, (2) the ability of the specific utility to fund any future costs, (3) the degree to which the project conforms to and accomplishes the utility 5-year CIP priorities (4) the degree to which the project accomplishes the utility Master Plan, and (5) the impact to system operations;" and 5. WHEREAS, Section 13.09.030(D) of the Code also states, "When the sub -divider constructs line extensions included in the ten-year Impact Fee CIP, the sub -divider may be eligible for an Impact Fee Credit on the fee assessment for each lot in the planned development. Impact Fee Credit shall be calculate based upon the number and size of service connections and the allocation of costs in the most recent Impact Fee Calculation;" and 6. WHEREAS, a 12" wastewater lint is necessary to serve the Property, and the City's current Wastewater Master Plan requires the installation of a 21" wastewater gravity collection main from IH-35 to he Property and beyond (the "South San Gabriel Interceptor"); and WHEREAS, the portion of the South San Gabriel Interceptor from its inception at the Lift Station west of IH-35 to the westernmost edge of the property being developed as the Wolf Ranch shopping center is currently under construction pursuant to the terms of that certain Development Agreement between the City and Forestville Associates; and Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 1 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 1 of 75 8. WHEREAS, the City's current 10-year Impact Fee CIP provides for the extension of the South San Gabriel Interceptor to the Property some time after 2010, but the City staff is currently in the process of updating the Impact Fee CIP and anticipates that the extension will be included in the new 10-year Impact Fee CIP and Impact Fee amount that is expected to be presented to the City Council in time for possible adoption by October 1, 2005; and 9. WHEREAS, Developer has agreed to construct the extension of the 21" South San Gabriel Interceptor beginning at the westernmost edge of the Wolf Ranch shopping mall property and ending at the westernmost edge of the Property (such extension being hereinafter referred to as the "Offsite Wastewater Improvement") to service the needs of the development on the Property as well as the surrounding area and to finance the design and construction of such improvement in accordance with this Agreement; and 10. WHEREAS, in order to obtain approval for City wastewater utility service to the Property, Developer has requested the approval of wastewater utility service extensions necessary to connect the Property to existing City wastewater utility facilities with reimbursement for the wastewater lines included in the City's Impact Fee calculation; and 11. WHEREAS, if the City Council approves a New Wastewater Impact Fee as described in Paragraph 23 below, and after considering the factors set forth in Section 13.09 of the Code, the City Council finds and determines that it would be appropriate to reimburse Developer for utility line costs in accordance with the terms of this Agreement; and 12. WHEREAS, the City and Developer are entering into this Agreement to more particularly set forth the rights and obligations of the City and Developer with respect to the design, construction, and payment for the Mite Wastewater Improvement; and 13. WHEREAS, this Agreement is necessary to protect the health, safety, and general welfare of the community and to limit the harmful effects of substandard subdivisions; to facilitate Developer's construction of the offsite wastewater facilities; and to protect the City from bearing any unnecessary expense of constructing or completing subdivision improvements; and 14. WHEREAS, this Agreement is authorized by and consistent with state law and the City's other ordinances, regulations, and other requirements governing development of subdivisions and provision of utility services to customers of Georgetown Utility Systems. NOW, THEREFORE, IN CONSIDERATION of the foregoing recitals and the mutual covenants, promises, and obligations by the parties set forth in this Agreement, the parties agree as follows: Design and Construction Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 2 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 2 of 75 15. Developer agrees to arrange for a professional engineer registered in the State of Texas to prepare design drawings and bid documents for the construction and installation of the Offsite Wastewater Improvement. Except as otherwise provided herein or agreed upon by the City and Developer, the Offsite Wastewater Improvement shall be designed in conformance with the City's design criteria, construction standards, and specifications for utility construction (including, without limitation, environmental protection requirements such as erosion controls and site restoration). The City shall be authorized to review and approve the design drawings (which approval shall not be unreasonably conditioned, withheld or delayed). 16. Developer shall diligently attempt to obtain all easements necessary for the construction of the Off -site Wastewater Improvement at Developer's expense, except that the City will make available, at no cost to Developer, the right to use any rights of way or easements held by the City. If Developer is unable to obtain all required off -site easements, the City shall attempt to acquire the easements, using its powers of eminent domain if necessary, at Developer's sole expense; provided specifically that such expenses shall include but not be limited to City staff time for oversight and project management; attorneys' fees; survey fees and expenses; appraisal fees and expenses; expert fees and expenses, and all other fees, costs and expenses associated with the acquisition. 17. Developer shall competitively bid the project in accordance with all applicable City procedures. Developer shall enter into a contract for the construction of the Offsite Wastewater Improvement in accordance with the terms and conditions of this Agreement and with the approved construction plans. Any and all change orders shall be jointly agreed to by the City and the Developer. 18. Developer shall exercise reasonable diligence to assure the substantial completion of the Offsite Wastewater Improvement and acceptance of the improvement(s) by the City occurs on or before October 1, 2008. 19. The City shall have the right to inspect the construction .of the Offsite Wastewater Improvement, and, upon completion of the final stage of construction in accordance with all applicable City, state and federal standards, Developer may request that City finally accept the improvements. Fiscal Surety 20. Developer shall post fiscz! security in the form of an irrevocable Letter of Credit in the amount of 110% of the estimated cost for design and construction of the Offsite Wastewater Improvement to secure the proper design and actual completion of the Offsite Wastewater Improvement in accordance with the terms of this Agreement. Developer agrees to post such fiscal security within ten (10) days of the Effective Date of this Agreement. Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 3 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 3 of 75 21. If the construction of the Offsite Wastewater Improvement proceeds in discrete phases (as defined in the approved Plans and Specifications and the construction contract), the fiscal security may be reduced by an amount equal to the cost of the completed work for each defined phase of construction, at the written request of the Developer (such requests to be made no more frequently than once every three (3) months) and if Developer is not then in Default under this Agreement or the letter of credit or other obligations relating to the project. 22. If at any time during the course of the work on the Offsite Wastewater Improvement the cost estimate for the remaining work exceeds, or is expected to exceed, the amount of the Letter of Credit, the City shall so advise Developer in writing, and Developer shall remit, within thirty (30) days of the receipt of the notice, a new or replacement Letter of Credit for the required amount. Impact Fees 23. Impact Fees associated with development on the Property shall be those newly revised impact fees adopted by the City Council in 2005, except that the Wastewater Impact Fee shall be reduced by an Impact Fee Credit, currently estimated at $400 per service unit as shown in "Exhibit B". Construction Cost Reimbursement 24. The City and the Developer have estimated the actual design and construction costs for the Offsite Wastewater Improvement, (excluding items such as, but not limited to, financing, interest, fiscal security, accounting, project management, inspections, permits, and legal services) to be $1,900,427.00 as shown on "Exhibit B." The parties acknowledge that the actual costs may be greater or less than $1,900,427.00 and further agree that such cost underages or overages shall be addressed as provided for herein. 25. Developer will pay all costs associated with the design and construction of the Offsite Wastewater Improvement, subject to the reimbursement rights provided herein. The City's reimbursement obligations will extend only to the Proportional Cost associated with the capacity of the Offsite Wastewater Improvement not attributed to the Property and subject to the terms of this Agreement. For the purposes of this Agreement, the term "Proportional Cost" as 1 sed herein shall mean the product of the actual construction cost of the Offsite Wastewater Improvement and one minus the percentage obtained by dividing the maximum flow of a pipe sized for the Property by the maximum flow of Offsite Wastewater Improvement as shown in "Exhibit B." 26_ Based upon the cost estimate shown in "Exhibit B," the Proportional Cost of the Offsite Wastewater Improvement, and the maximum amount subject to reimbursement under this agreement, is $1,473,111.00. In the event the costs of the Offsite Wastewater Improvement are greater or less than the estimated amounts shown on "Exhibit B," the City's reimbursement obligation to Developer will be the lesser of the actual proportional Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 4 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 4 of 75 cost of the Offsite Wastewater Improvement or the proportional cost of the Offsite Wastewater Improvement included in the wastewater Impact Fee(s). 27. The City shall not be obligated to reimburse any sums for "Contingency" shown on "Exhibit B" unless and until the Developer submits a change order describing the need for the expenditure of such contingency funds, and the City's Utility System Engineering Department issues its written approval of the actual expenses shown on the change order. 28. If Developer allows work to commence on any change order before receiving City approval as required under this Paragraph , any costs incurred on that change order that are not approved by the City are not eligible for reimbursement. 29. Provided that the Developer has constructed the Offsite Wastewater Improvement and complied with the terms and conditions of this Agreement, and provided further that the City has accepted the Offsite Wastewater Improvement, then City shall pay to Developer on an annual basis, but in any event not later than January 30 of the following year, an amount based upon the Wastewater Impact Fees received by the City in that year that are specifically associated with the Offsite Wastewater Improvement from new wastewater connections served by the Offsite Wastewater Improvement off the Property. The payments to be made to Developer by the City shall be payable, if paid, solely from annual Wastewater Impact Fees received by the City and specifically associated with the Off -Site Wastewater Improvement. The City's obligation to make payments to Developer for the Offsite Wastewater Improvement shall expire upon the earlier of (i) payment to Developer of $1,473,111.00 or the sum calculated pursuant to Paragraph 28 of this Agreement, whichever is less, and shall not include interest; or (ii) the date that is 10 years following the date of the first payment made pursuant to this Paragraph. Any payments yet to be paid after the end of the 10 year term described in this Paragraph shall be deemed unearned and the City shall have no further obligation to Developer for same. 30. Within thirty (30) days of final acceptance by the City of the Offsite Wastewater Improvement, Developer must submit a report to the City of the total costs of the project that includes the supporting information. 31. The obligations of the City under this Agreement to make payments in any fiscal year shall constitute a current expense for that fiscal year payable solely from the revenues of the Wastewater Capital Fund for that fiscal year. The obligation of the City to make payments does not constitute a general obligation or indebtedness of the City for which the City is obligated to levy or pledge any form of taxation. Default and Termination Offsite Utility Construction Cost Reimbursement Agreement! Shadow Canyon Page 5 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 5 of 75 32. Developer shall be in default under this Agreement upon the occurrence of one or more of the following events (an "Event of Default"): a. Developer fails to commence or complete design or construction of the Offshe Wastewater Improvement as provided herein; or b. Developer fails to post the required fiscal security or to increase the amount of fiscal security when requested to do so by the City under this Agreement; or c. Developer transfers or conveys the Property or a portion of the Property through foreclosure or an assignment or conveyance in lieu of foreclosure. 33. Anything in Paragraph 32 to the contrary notwithstanding, it shall be an Event of Default in the event Developer does not cure a failure described in Paragraph 32 above within fifteen (15) days of receipt of written notice thereof from the City. 34. At any time following the occurrence of an Event of Default and Developer's continued failure to cure the same, the City may provide one or more notices to Developer stating that the City intends to perform none, some or all of Developer's outstanding obligations under this Agreement for construction of the Offsite Wastewater Improvement. 35. If after notice and an opportunity to cure as provided for in Paragraph 33 of this Agreement Developer does not commence work on the Offsite Wastewater Improvement, or commences but does not complete such work as required by the terms of this Agreement, the Developer shall be in default of this Agreement and the City shall have the right but not the obligation, to draw on the fiscal security posted by the Developer and complete some, none, or all of the Offsite Wastewater Improvement. The City may draw on the Letter of Credit following an Event of Default to pay for the costs and expenses incurred by the City in the completion of Offsite Wastewater Improvement or to correct defects in the Offsite Wastewater Improvement. The City may perform such construction and repairs itself, or engage a third party to complete such construction and repairs on behalf of the City. 36. If the City elects to complete the Offsite Wastewater Improvement, Developer agrees to provide all plans, designs, easements, and other documents related to the design and construction of the Offsite Wastewater Improvement to the City within five (5) business days of the dat - that the City requests same. If the City elects to complete the Offsite Wastewater Improvement as allowed by this Agreement the City will have no obligation to provide, and Developer shall not be entitled to receive, reimbursement for any costs or expenses incurred with regard to the Wastewater Utility Improvement. 37. If Developer does not commence or complete construction of the Wastewater Improvement as required by this Agreement and if the City elects not to draw on the fiscal security in order to complete the Wastewater Improvement the City will have the right, in its sole discretion, to terminate this Agreement Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 6of13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 6 of 75 38. If the City elects to terminate this Agreement for reasons allowed by Paragraph 37 of this Agreement, or if this Agreement expires on its own tetras before completion or acceptance of any portion of the Offsite Wastewater Improvement, the City will have no obligation to provide wastewater service to the Property and Developer shall not be entitled to reimbursement for any costs or expenses incurred with regard to the Wastewater Utility Improvement. 39. The measure of damages for breach of this Agreement by Developer is the reasonable cost of completing the Offsite Wastewater Improvement in conformance with the City's requirements, procedures, and specifications set forth herein, including without limitation, any and all associated administrative expenses, less the City's share of the costs as set out herein. For work on the Offsite Wastewater Improvement upon which construction has not begun, the estimated cost of the Offsite Wastewater Improvement shown in the bid documents will be prima facie evidence of the minimum cost of completion; however, that amount does not establish the maximum amount of Developer's liability. Ownership of Facilities 40. From and after the time of final completion and acceptance of the Offste Wastewater Improvement by the City, the City shall own, operate and maintain the same. Developer agrees to execute and deliver to the City within 30 days after the time of final completion and acceptance of the Offsite Wastewater Improvement such bills of sale, assignments, or other instruments of transfer as may be deemed reasonably necessary by the City. Developer will also deliver all warranties secured for construction of the Offsite Wastewater Improvement. Upon execution and delivery of such instruments, Developer will have no further obligations or responsibility for the Offsite Wastewater Improvement. Within said thirty (30) day period, Developer shall also deliver to the City all bonds, warranties, guarantees, an other assurances of performance, record drawings, easements, project manuals, and all other documentation related to the Offsite Wastewater Improvement. 41. Developer agrees that the City will not accept any Offsite Wastewater Improvement burdened by any lien or any other encumbrance. Provision of Utility Service 42. The parties agree and acknowledge that from and after the time of final acceptance by the City of t:-e Offsite Wastewater Improvement, the City, as owner of them, will operate and maintain said improvements and will provide wastewater utility service to customers within the Property subject to the conditions stated in this Agreement and according to the City's policies and ordinances, as amended from time to time. Nothing in this Agreement will be construed to limit, restrict, modify, or abrogate the City's governmentatl authority or ordinances respecting the operation and maintenance of its wastewater systems nor its duty to provide for the public health, safety, and welfare in the operation and maintenance of the same. Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 7 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 7 of 75 43. Upon final acceptance of the Offsite Wastewater Improvement by the City, the City agrees that Developer may after that apply for wastewater service following applicable City policies and ordinances, provided, however, that: (a) This Agreement will not be construed to guarantee wastewater service to the Property; such service may be guaranteed only upon the City's approval of the Final Plat and the recording of same in the Final Plat records of Williamson County in accordance with the requirements of the Code; (b) This Agreement in no way obligates the City to approve service extension requests not conforming to the requirements of the City's policies and ordinances nor otherwise binds the governmental powers of the City with respect to the approval or denial of the same; (c) This Agreement does not exempt Developer, or its successors and assigns, from the requirements of any ordinance applicable to development within the acreage covered by the service extension requests; (d) This Agreement does not guarantee approval of the final plat of Shadow Canyon or the approval of any other applications or permits related to the project; (e) This Agreement will not be construed to create or confer upon Developer, or its successors and assigns, any ov nership rights in or monopoly regarding capacity in the Offsite Wastewater Improvement, whether total or partial, after final acceptance of the project by the City; (f) This Agreement will not be construed to create or confer upon Developer, or its successors or assigns, any manner of legal title to, equitable interest in or other claim of joint ownership with respect to property, whether real, personal or mixed comprising the Offsite Wastewater Improvement, after final acceptance of the project by the City; and (g) This Agreement will not be construed to guarantee any particular level of service to the Property. General Provisions 44. Other Infrastructure Improvements. Developer agrees that it shall construct all other infrastructure improvements required for the project and/or the Property at its sole expense and in conformance with the Code and all other applicable City standards and requirements. 45. Remedies. The remedies available under this Agreement and the laws of Texas are cumulative in nature. Offshe Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 8 of 13 EXHIBITI) WASTEWATER SERVICES AGREEMENT Page 8 of 75 46. Third Party Rights. No person or entity who or which is not a party to this Agreement shall have any right of action under this Agreement, not shall any such person or entity other than the City (including without limitation a trustee in bankruptcy) have any interest in or claim to the funds described in Paragraph 20 of this Agreement. 47. By submitting plans or specifications for the City for review, the DEVELOPER PARTIES (as that term is defined below) each agree to waive all claims, fully release, indemnify, defend and hold harmless the City, and all of its officials, officers, agents, consultants, employees, attorneys, and invitees in both their public and private capacities (collectively, the "CITY PARTIES") from any and all liability, claims, lawsuits, demands or causes of action,. including all expenses of litigation and/or settlement which may arise by injury to property or person occasioned by error, omission, intentional, or negligent act of the Developer, its officers, agents, engineers, consultants, employees or invitees (collectively, the "DEVELOPER PARTIES") arising out of or in connection with submission of drainage plans, construction plans, or any other plans or specifications submitted to the City. The DEVELOPER PARTIES further agree that they each will, at their own cost and at their own expense, defend and protect the CITY PARTIES from any and all such claims, losses, damages, causes of action, suits, and liability of any kind, including all expenses of litigation, court costs and attorneys' fees for injury to or death of any person or for any damage to any property arising out of or in connection with the error, omission, intentional or negligent acts of any of the DEVELOPER PARTIES. Nothing in this provision shall waive the City's defenses or immunities under Section 101.001 et. seq. of the Texas City Practice & Remedies Code or any other applicable statutory or common law. Approval of the City Engineer or any other of the CITY PARTIES of any plans, designs or specifications submitted pursuant to the requirements of the Unified Development Code or any other provision of the City Code of Ordinances or technical manuals shall not constitute or be deemed to be a release of the responsibility and liability of any of the DEVELOPER PARTIES (as defined above) for the accuracy and competency of their designs or specifications. Such approval shall not be deemed to be an assumption of such responsibility or liability by the City for any defect in the design or specifications prepared by any of the DEVELOPER PARTIES. Approval by the City Engineer or any other of the CITY PARTIES signifies the City approval of only the general design concept of the improvements to be constructed or the drainage plan to be implemented. In this connection, the DEVELOPER PARTIES shall each indemnify and hold harmless the CITY PARTIES from any loss damage, liability or expense on account of damage to property and injuries, including death, to any and all persons which may arise out of any defect, deficiency or negligence of any of the DEVELOPER PARTIES designs and specifications to the extent prepared or caused to be prepared by any of the DEVELOPER PARTIES and incorporated into any improvements constructed in accordance therewith, or plans implemented thereby, and the DEVELOPER PARTIES shall defend at their own expense any suits or proceedings brought against any of the CITY PARTIES on account hereofy and to pay all expenses and satisfy all judgments �.� Offsite Utility Construction Cost Reimbursement Agreement I Shadow Canyon Page 9 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 9 of 75 which may be incurred by or rendered against them, collectively or individually, personally or in their official capacity in connection herewith. 48. In addition to the foregoing Release and Indemnity, in further consideration for the City's agreement to reimburse Developer in accordance with the terms of this Agreement and other promises herein, the receipt and sufficiency of which is hereby acknowledged, Developer agrees to fully and completely release and forever discharge the City, its employees attorneys and officers, in both their individual and official capacities, and its successors, agents, representatives, servants, and any other related or affiliated persons, natural or corporate, in privity with them from any and all possible claims, demands, actions, causes of action, costs, expenses, obligations, liabilities, suits, and damages of every kind and character whatsoever, now existing or that may arise hereafter, whether known or unknown, at law or equity, however, whenever, and by whomever caused, whether solely, jointly, or otherwise, including, without limitation, any and all causes of action directly or indirectly arising out of, resulting from, or attributable to the Offsite Wastewater Improvement that the Developer is required to construct by the terms of the Code and this Agreement. 49. No Waiver. No waiver of any provision of this Agreement will be deemed or constitute a waiver of any other provision, nor will it be deemed or constitute a continuing waiver unless expressly provided for by a written amendment to this Agreement; nor will the waiver of any default under this Agreement be deemed a waiver of any subsequent defaults of the same type. The failure at any time to enforce this Agreement or covenant by the City, Developer, or their respective heirs, successors or assigns, whether any violations thereof are known or not, shall not constitute a waiver or estoppels of the right to do so. 50. Assignability. Except as otherwise provided herein, this Agreement is binding upon Developer, and the successors and assigns of Developer. Developer's obligations under this Agreement may not be assigned without the express written approval of the City, which shall not be unreasonably withheld or delayed. An assignment shall not be construed as releasing Developer from Developer's obligations under this Agreement, and Developer's obligations hereunder shall continue notwithstanding any assignment approved pursuant to this Paragraph, unless and until the City executes and delivers to Developer a written release of Developer from the obligations imposed by this Agreement. 51. Notice. Any notice required or permitted by this Agreement is effective when personally delivered in writing or three (3) days after notice is deposited with the U.S. Postal Service, postage prepaid, certified with return receipt requested, and addressed as follows: If to Developer: Harvard Investments, Inc. Mr. Christopher J. Cacheris 17700 North Pacesetter Way Scottsdale, Arizona 85255 Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 10 of 13 EXHIBITI) WASTEWATER SERVICES AGREEMENT Page 10 of 75 If to City: City Manager City of Georgetown P.O. Box 409 Georgetown, Texas 78627 52. Change of Address for Notice. The parties may, from time to time, change their respective addresses listed above to any other location in the United States for the purpose of notice under this Agreement. A party's change of address shall be effective when notice of the change is provided to the other party in accordance with the provisions of Paragraph 32, above. 53. Severability. If any part, term, or provision of this Agreement is held by the courts to be illegal, invalid, or otherwise unenforceable, such illegality, invalidity, or unenforceability shall not affect the validity of any other party, term, or provision, and the rights of the parties will be construed as if the part, term, or provision was never part of this Agreement. 54. Personal Jurisdiction and Venue. Personal jurisdiction and venue for any civil action commenced by any party to this Agreement, whether arising out of or relating to the Agreement or the Security, will be deemed to be proper only if such action is commenced in District Court for Williamson County, Texas, or the United States District Court for the Western District of Texas, Austin Division. 55. Captions Immaterial. The numbering, order, and captions or headings of the paragraphs of this Agreement are for convenience only and shall not be considered in construing this Agreement. 56. Entire Agreement. This Agreement contains the entire agreement between the parties and correctly sets forth the rights, duties, and obligations of each to the other as of the Effective Date. Any oral representations or modifications concerning this Agreement shall be of no force or effect excepting a subsequent written modification executed by both parties. 57. Binding Agreement. The execution and delivery of this Agreement and the performance of the transactions contemplated thereby have been duly authorized by all necessary corporate and governmental action of the City. This Agreement, when duly executed and delivered by each party, constitutes a legal, valid, and binding obligation of each party enforceable in accordance with the terms as of the Effective Date. 58. Recording. The parties agree that this Agreement may be recorded in the Real Property Records of Williamson County, Texas at the expense of Developer. 59. Further Assurances. The City and Developer agree to take such actions and execute and deliver such documents as may be reasonably necessary or appropriate to effect the provisions of this Agreement. OfEsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Pagf, 11 of 13 EXHIBITI) WASTEWATER SERVICES AGREEMENT Page 11 of 75 60. Term. Unless sooner terminated under the provisions of this Agreement, this Agreement shall expire of its own terms and without further notice .upon the earlier of (i) payment to Developer of $1,473,111.00 or the sum calculated pursuant to Paragraph 28 of this Agreement, whichever is less, and shall not include interest; or (ii) the date that is 10 years following the date of the first payment made pursuant to the terms of Paragraph 29. 61. Effective Date. This Agreement will be effective on the later of either (i) the latest date accompanying the signature lines below; or (ii) the date that the City Council finally adopts impact fee schedules or other funding mechanisms necessary to reimburse Developer in accordance with the terms of this Agreement. EXECUTED by the parties on the dates indicated below: CTPYOF GEORGETOWN, TEXAS ("CITY") By: 4ii�� Prin ed N e: A!� Title: Date: /0 — 20— 05' Appr ved as to Form: Patricia E. Carls, City Attorney Brown & Carls, LLP THE STATE OF TEXAS COUNTY OF WILLIAMSON SAN GABRIEL AARVARD, L.P. ("DEVELOPER") By: Print ame: 41te 03 Title: ✓. ?. Date: JO&Aas This instrument was acknowledged before me on the c:;20Af— day of A-1-0her , 2005, by Gary Nelon, Mayor, City of Georgetown, a Texas home rule municipal corporation, on behalf of said City. SANDRA.D. LEE Notary Put6c, Slate ofTexes *' + lay Cenmtsshn Fires / JANUARY 3, 2006 Notary Public in and for Offsite Utility Construction Cost Reimbursement Agreement / Shadow Canyon Page 12 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 12 of 75 the State of Texas THE STATE OF ARIZONA COUNTY OF MARICOPA This instrument was acknowledged before me on the jbm day of ,tom 2005, by Christopher J. Cacheris, Vice President, of Harvard Investments, Inc., the mart er of Georgetown 308, L.L.C., the General Partner of San Gabriel Harvard L.P. i Notary Public kand for wm7n the State of 'ono -- Offsite Utility Construction Cost Reimbursement Agreement /Shadow Canyon Page 13 of 13 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 13 of 75 P.W ELBERT BRC NN m m m T m m A pm m �1CN/Q17. PRELIMINARY PLAT OF SHADOW CANYON SUBDIVISION JAMES ROSSAVAW ' BErML NU.TWAWY TEXAS TRUCKING COMPANY. INC waMava OPEN SPACE OPEN saw A.C. WEIR r . JURY W. HINDEiANG N.T. GUY ;r, 11 Lots requesting variance to driveway separation A A.C. WEIR n.t.s. EXHIBITI) WASTEWATER SERVICES AGREEMENT Page 14 of 75 Shadow Car -on Cost Reimbursement Ngreement Exhibit "B" Construction Estimate and Cost Reimbursement Calculation Project: Shadow Canyon Wastewater v ffm a 0 WIN K FYXO IT9 Mon MMEO- Construction 21" SDR 26 Piping 1 $120.001 12,100 $1,452,000 Trench Safety 1 $1.001 12,1001 $12,100 Standard Manhole 1 $4,200.00 28 $117,600 Extra Depth for Manholes 1 $150.00 100 $15,000 Silt Fence $2.00 12,1001 $24,200 Restoration $0.75 7,500 $5,625 Contingency 10%) 1 $162,653 Design Engineering & Environmental $73,250 Design Survey $24,000 Permitting $14,000 TOTAL ESTIMATE $1,900,428 j r la • ter. , �y F mum eim qp j a ? u5 a e $ 1,473,111 sG ei e` a ce `, i f $400 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 15 of 75 TRI-PARTY AGREEMENT This Agreement (herein so called) is entered into on the Effective Date (hereinafter defined) by and between the CITY OF GEORGETOWN, a Texas home rule municipal corporation (the "City"), SAN GABRIEL HARVARD LP, an Arizona limited partnership ("Harvard'), and ABG DEVELOPMENT, LTD., a Texas limited partnership ("ABG") (the City, Harvard and ABG sometimes collectively referred to herein as the "Parties"). RECITALS A. WHEREAS, the Parties desire that Phase A, Phase B, Phase C I and Phase C2 of the extension of the wastewater line and related improvements known as the South San Gabriel Interceptor (the "SSGI") be designed and constructed in accordance with the line sizes and alignment shown on Exhibit A attached hereto and made a part hereof; B. WHEREAS, Phase A of the SSGI shall be a 42" wastewater line and related improvements crossing the Simon Tract (as hereinafter defined) as approximately shown on Exhibit A (the "Simon WW Line"), which Simon WW Line shall be constructed by the City; C. WHEREAS, Phase B of the SSGI shall be a 36" wastewater line and related improvements crossing the Harvard Tract (as hereinafter defined) as approximately shown on Exhibit A (the "Harvard WW Line"); D. WHEREAS, Phase Cl of the SSGI shall be a 30" wastewater line and related improvements crossing the ABG Tract (as hereinafter defined) and a portion of the Watson Tract (as hereinafter defined) as approximately shown on Exhibit A ("Phase C1 of the ABG WW Line"); E. WHEREAS, Phase C2 of the SSGI shall be a 30" wastewater line and related improvements crossing the balance of the Watson Tract as approximately shown on Exhibit A ("Phase C2 ol'the ABG WW Line"); F. WHEREAS, the Simon Tract, the Harvard Tract, the ABG Tract and the Watson Tract are all more particularly described and/or depicted on Exhibit B attached hereto and made a part hereof; G. WHEREAS, pursuant to that certain Offsite Utility Construction Cost Reimbursement Agreement for Shadow Canyon executed by the City on October 20, 2005, and by Harvard on August 16, 2005 (the "Harvard Offsite Agreement'), a copy of which is attached hereto and made a part hereof as Exhibit C, Harvard is required to design and construct a 21" wastewater line across the Harvard Tract (the "Original Harvard WW Line"). H. WHEREAS, pursuant to that certain Offsite Utility Construction Cost Reimbursement Agreement for ABG Subdivision dated of even date herewith (the "ABG Offsite Agreement'), ABG is required to design and construct Phase Cl and Phase C2 of the SSGI (collectively, the "ABG WW Line"); final I Ll14R0pG - I EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 16 of 75 L WHEREAS, pursuant to the Harvard Offsite Agreement, Harvard has posted fiscal security for one hundred and ten percent (110%) of its estimated design and construction costs for the Original Harvard WW Line in the form of a letter of credit dated November 9, 2005, issued by Comerica Bank in the amount of $2,090,470.00 (the "Original Letter of Credit"), a copy of which is attached hereto as Exhibit D; J. WHEREAS, the Harvard Offsite Agreement provides that Harvard shall exercise reasonable diligence to complete construction of the Original Harvard WW Line by no later than October 1, 2008 (the "Harvard WW Line Completion Deadline"); K. WHEREAS, in order to accommodate the timing of its development, ABG intends to commence and possibly complete construction of the ABG WW Line prior to the expiration of the Harvard WW Line Completion Deadline; L. WHEREAS, until completion of the Harvard WW Line, ABG will not be able to connect the ABG WW Line to the City's wastewater treatment plant; M. WHEREAS, in order to expedite ABG's connection to the City's wastewater treatment plant, the Parties agree that ABG may elect to design and construct the Harvard WW Line in accordance with the terms of the Harvard Offsite Agreement, as modified hereby; and N. WHEREAS, if ABG designs and constructs the Harvard WW Line, the Parties agree that $1,900,000.00 of any fiscal security posted by Harvard for the wastewater improvements contemplated by this Agreement shall be released to ABG in accordance with the terms and provisions of Section 8 hereof. NOW THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. Incorporation of Recitals. The foregoing recitals are incorporated herein by reference as though fully stated in this paragraph. 2. Status of Harvard Offsite Agreement. The City and Harvard hereby represent and warrant to ABG that, as of the Effective Date hereof, (a) the Harvard Offsite Agreement is in full force and effect, (b) there have been no amendments or modifications to the Harvard Offsite Agreement other than those set forth in this Agreement, and (c) the Harvard Offshe Agreement, as modified by this Agreement, the Original Letter of Credit and the New Original Letter of Credit constitutes the entire agreement between the City and Harvard with respect to the subject matter thereof. 3. Replacement of Original Letter of Credit. The City and Harvard hereby represent and warrant to ABG that, as of the Effective Date hereof. (a) the Original Letter of Credit attached hereto as Exhibit D has been replaced and superseded by the New Letter of Credit (herein so called) attached hereto and made a part or as Exhibit E, and (b) the New Letter of Credit is in full force and effect and has not been amended, revoked or replaced. The City and Harvard hereby further represent and warrant to ABG that, notwithstanding Section 21 of the Harvard Offsite Agreement, the New Letter of Credit shall remain in full force and effect and shall not be Fund 11 11412006 - i - EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 17 of 75 reduced or otherwise amended, revoked or replaced at any time prior to its full release or draw in accordance with the terms thereof. 4. ABG Obligations. Subject to the terns, provisions and conditions of this Agreement, the Parties agree as follows: 4.1 ABG shall construct the Harvard WW Line on or before the Completion Date (herein so defined) and in that regard shall perform Harvard's obligations under the Harvard Offsite Agreement with respect to the engineering, design and construction of the Harvard WW Line (as such Harvard WW Line may be modified, redesigned, enlarged or expanded pursuant to the ABG Ofl'site Agreement). 4.2 The City shall look initially to ABG for performance under the Harvard Offsite Agreement, provided, however, that Harvard shall not be released from any obligations or liabilities under said Agreement, and the City and Harvard hereby acknowledge and agree that, notwithstanding ABG's agreement to design and construct the Harvard WW Line, ABG is not assuming any of Harvard's obligations or liabilities under the Harvard Offsite Agreement. 4.3 ABG's agreements and obligations hereunder are subject to satisfaction of the following actions by Harvard: 4.3.1 Within seven (7) business days after the Effective Date, Harvard shall provide ABG with a fully executed, recordable Right of Entry document in form and substance reasonably acceptable to ABG (the "Right of Entry"), which Right of Entry shall, in part, authorize ABG and its representatives to access and work on such portions of the Harvard Tract as are reasonably necessary to permit ABG to design and construct the Harvard WW Line in accordance with this Agreement, the Harvard Offsite Agreement and the ABG Offsite Agreement. 4.3.2 Within seven (7) business days after the Effective Date, Harvard shall provide to ABG in both CAD and hard copy format all current design documents including, but not limited to, surveying files, engineering files, design calculations, temporary and permanent easements, field notes, construction easements and access easements. 4.3.3 Within seven (7) business days after the Effective Date, Harvard shall deliver to ABG and the City copies of any and all recorded or unrecorded easements in existence as of that date for the Harvard WW Line over and across any property not owned or controlled by Harvard. 4.3.4 Within seven (7) business days after receiving a written request from ABG, to be accompanied by metes and bounds descriptions and surveys, Harvard shall execute utility easements in a form acceptable to the City, Harvard and ABG for the Harvard WW Line over and across the Harvard property. Final I 1 /142000 - 7 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 18 of 75 5. Limited Option of Harvard If ABG does not complete construction of the Harvard WW Line by the Completion Deadline (herein so defined), the City shall provide Harvard a thirty (30) day written option to elect to complete the construction, and shall allow Harvard to complete construction of the IIarvard WW Line, if Harvard submits a schedule to the City demonstrating that the Harvard WW Line can be completed within six (6) months after the Completion Deadline ("Harvard Completion Deadline") and either (i) submits a written bid to the City within such ten (10) day period to complete the Harvard WW Line for an amount which does not exceed the full $2,090,470.00 amount of the New Letter of Credit; or (ii) submits a revised letter of credit in the amount of the estimated cost to complete construction of the Harvard WW Line, If the foregoing conditions are met, Harvard shall have the right to pursue such completion of the Harvard WW Line in a diligent and workmanlike manner and in accordance with all approved plans and specifications, and shall complete construction by the Harvard Completion Deadline. 6. Option of the City 6.1 If Harvard does not elect or fails to meet the requirements set forth in Section 5 above, then the City shall have the right, but not the obligation, to draw on the Letter of Credit referenced in and required by the ABG Offsite Wastewater Agreement ("ABG Letter of Credit") in an amount equal to difference between the cost to complete the Harvard WW Line and the amount of the New Letter of Credit, and if it does so elect to draw on the ABG Letter of Credit, the City shall complete as much of the construction of the Harvard WW Line as can be completed using such letters of credit itself, or engage a third party to complete such construction on behalf of the City. 6.2 Under the circumstances described in Section 6.1, above, the following additional provisions shall apply: 6.2.1 The City shall have no obligation to complete construction of the Harvard WW Line by the Completion Date or the Harvard Completion Date. 6.2 2 Notwithstanding anything to the contrary hi the I•Iarvard Offsite Agreement or the ABG Offsite Agreement, neither Harvard nor ABG shall receive any impact fee credits or any reimbursements for the Harvard WW Line. 7. Effect of Performance by ABG or Harvard 7.1 If either ABG or Harvard complete the Harvard WW Line in accordance with the terms of this Agreement, then notwithstanding Paragraphs 24-30 of the Harvard Offsite Agreement, Harvard shall be entitled to receive impact fee reimbursements in the amount of $400 for each new wastewater connection in the Eligible Area (as hereinafter r-inad a i.raanao6 • a EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 19 of 75 defined) up to a maximum of $1,900,000.00, as shown on the Reimbursement Schedule set forth on Exhibit F attached hereto and made a part hereof. As used herein, the term "Eligible Area" shall mean the South Fork of the San Gabriel River Basin as more particularly described and/or depicted on Exhibit G attached hereto and made a part hereof. 7.2 If either ABG or Harvard complete the Harvard WW Line in accordance with the terms of this Agreement, then Paragraph 23 of the Harvard Offsite Agreement is hereby revised to provide as follows: Impact Fees 23. Impact Fees associated with development on the Property shall be those newly revised impact fees adopted by the City Council in 2005. 8. Draws on and Payments from Proceeds of the Letters of Credit 8.1 The City shall draw down the entire $2,090,470.00 of the fiscal security evidenced by the New Letter of Credit within ten (10) days after the earlier of (a) October 1, 2008, or (b) completion of the Harvard WW Line and the City's acceptance of the same. Said $2,090,470.00 shall be held in escrow by the City until such time as it is either released to the Completing Party (herein so defined) or retained by the City, in accordance with the terms and provisions of this Agreement. 8.2 If either ABG or Harvard completes the construction of the Harvard WW Line by the Completion Deadline or the Harvard Completion Deadline, as applicable, then the City shall remit the sums held in escrow pursuant to Paragraph 8.1 of this Agreement not later than fifteen (15) days after the City's completion and acceptance of the Harvard WW Line as follows: (a) the City shall remit $1,900,000.00 to ABG, and remit $190,470.00 to Harvard il' ABG completes the construction of the Harvard WW Line by the Completion Deadline or (b) the City shall remit $2,090,470.00 to Harvard if Harvard completes the construction of the Harvard WW Line by the Harvard Completion Deadline. IF Harvard completes the construction of the Harvard WW Line, then Harvard shall, within ten (10) days after its receipt from the City of the $2,090,470.00, remit a sum to ABG equal to the amount due for work performed by ABG prior to Harvard's exercise of its option under Section 5 of this Agreement. 8.3 If neither Harvard nor ABG completes construction of the Harvard WW Line, then the City shall be entitled to retain all proceeds from the New Letter of Credit and the Letter of Credit referenced in the ABG Offsite Agreement, and shall not be required to reimburse either Harvard or ABG for any partial performance by either of them unless the proceeds of the respective letters of credit are greater than all costs incurred by the City to complete construction of the Harvard Wastewater Line. In such event, any sums remitted to Harvard shall not exceed the value of the New Letter of Credit and any sums remitted to ABG shall not exceed the value of the Letter of Credit referenced in the ABG Offsite Agreement. ram i u ii irznne - > - EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 20 of 75 9. Reporting. ABG shall keep Harvard reasonably informed as to the construction progress of the Harvard WW Line by providing Harvard with quarterly reports outlining ABG's progress. 10. Definitions and Miscellaneous. 10.1 "Completion Deadline" shall mean October 1, 2008, except that such Completion Deadline shall be automatically extended to a date not later than December 31, 2008 if completion of the Harvard WW Line is being diligently pursued and work is proceeding in a workmanlike manner and in accordance with all plans and specifications, but is delayed due to a Force Majeure Event or Condition. 10.2 "Completing Party" shall mean the party that finally completes or causes the final completion and acceptance by the City of the Harvard WW Line. 10.3 "Force Majeure Event or Condition" shall mean the existence or occurrence of any of the following: Acts of God (including fire, flood, earthquake, storm, hurricane or other natural disaster), governmental restrictions (including the denial of any permits), the failure to timely obtain all necessary easements required for the construction of the Harvard WW Line (whether by eminent domain or otherwise), war, government sanction, or any other cause beyond the reasonable control of the Completing Party and occurring without its fault or negligence. 10.4 "Effective Date" of this Agreement shall be deemed the date signed by the last party hereto. 10.5 Effect of this Agreement on the Preliminary Plat for the Shadow Canyon Subdivision. Nothing in this Agreement shall operate to extend the Preliminary Plat for the Shadow Canyon Subdivision approved by the City Council on December 14, 2004. Such Preliminary Plat may be extended only in accordance with the provisions of the City's Unified Development Code. 10.6 Recording, The parties agree that this Agreement shall be recorded in the Real Property Records of Williamson County, Texas at the expense of ABG. 10.7 Counterparts. The Agreement may be executed simultaneously in two (2) or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. The parties further agree that the Agreement may be transmitted between them by facsimile machine. The parties intend that faxed signatures constitute original signatures, and that a faxed copy of the Agreement containing the signatures (original or faxed) of all the parties is binding upon the parties. 10.8 Controlling Agreement. The Parties acknowledge and agree that the provisions of this Agreement control over any conflicting provisions set forth in the Harvard Offsite Agreement and in the ABG Offsite Agreement. [Signature Pages to Follow] Final I 1 J142006 - 6 EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 21 of 75 EXECUTED by the parties on the dates indicated below. CITY OF GEORGETOWN, TEXAS SAN GABRIEL HARVARD LP, an Arizona limited partnership By: 31�0`3, its General Partner ply: ljwvrrJ - ny�}rrw�.li, L�e, q Nrirad4 cr�P% its) N1ggagW By: Cl Nam r' S Title: vie ferLOW& Date: to-)-olo ABG DEVELOPMENT, LTD. a Texas limited partnership By: GALO, INC., a Texas corporation, its General Partner By: - 4a � Name:.A . 9ti<r o Fa Gva c-o Title: V (Le s %at N T Date: I t - r7 - v (e Final 11114r1006 - 7 - EXHIBIT D WASTEWATER SERVICES AGREEMENT Page 22 of 75 �. ;raw f oass:>snn: . - mvm 9 a^Ufu or wrot2pm .-�.-._. rcW WN LW - . NOTES • I. BOUNDARY INFORMA711ON PP.OVIDP BY LEGEND i �_' n • l CASTL:o2RRY SJ J----}@ 1NG DATMARCH 2.006 5Z ea4M0+4Y ! ,• ANO BURY + PARTNERS DA%D AUGUST 2006. PHASE A iCl. ' E E SN-N h BlLwy- Partners :.hi No Caen 9W, 5-9t zJ:! Snsum, Taws 79718 re= iEszk"a-wu hx fs.2•ca•u,... Bu-?•P+ssnez lae �CeY?n1�t 9AA .Am 70J3/oe ISCALE... 4.7a. CHAS 6r,,, t� fHdSE [1 S'vLTh PHASE C? SCL7- VxNwrY MAP ABG SUBDIVISION ABG SUBDIVISION WASTEWATER LINE ABG DEVELOPMENT PRrjtE T a:: PaE