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<br />includes the non-construction items and costs necessary to <br />and associated with the District's financing. <br /> <br />Section 3.05. Audit. The District shall file a copy of <br />its annual audit with the City Secretary, as provided in Sec- <br />tion 50.374, Texas Water Code, as amended. <br /> <br />ARTICLE FOUR <br /> <br />WATER, WASTEWATER, AND DRAINAGE FACILITIES <br /> <br />section 4.01. General Statement. It is acknowledged <br />and agreed that the City, as consideration for granting its <br />consent to the creation of the Lowman Ranch Municipal Utility <br />District, shall receive in return the participation of the <br />District in the planning, designing, financing, and <br />constructing of certain portions of the City's Regional <br />Facilities as described in Article One hereof, and described <br />more fully in Exhibit D hereto. The District shall finance <br />its pro rata share of the Regional Facilities as more <br />specifically provided therein and hereinafter, as well as <br />plan, design, finance and construct those portions of the <br />utility systems internal to the District. Thereafter, the <br />District shall receive an absolute, non-discriminatory <br />exclusive ownership right to the capacity in the Regional <br />Facilities needed to serve the property within the District, <br />and the City shall own, operate, and maintain the Regional <br />Facilities as well as the District's internal utility <br />facilities. It is understood that this arrangement results <br />in a partnership of the City and the District and permits the <br />provision of utilities services to the District through <br />portions of the City's regional systems, integrating the <br />District into the City's regional systems and eliminating to <br />the extent possible and practical the need for temporary <br />facilities to be constructed by the District. It is agreed <br />that the Regional Facilities may be utilized by the City to <br />serve areas outside the District pursuant to a contract <br />between the District and the City with a provision for <br />compensation in cash or in kind to the District for the use <br />of its capacity and including the condition that the City <br />may only use the District's capacity so long as no disruption <br />or curtailment of service to the District or impairment to <br />the District I s exclusive ownership rights to its purchased <br />capacity therein occurs as a result thereof. Additionally, <br /> <br />-9- <br />