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<br />-9- <br /> <br />Utility District shall be a matter of public <br />available for City inspection at all times. <br /> <br />record, <br /> <br />and <br /> <br />I . <br /> <br />The Utility District shall prepare for <br />City annual reports on the status of <br />bond sales. <br /> <br />and submit to the <br />construction and <br /> <br />J. <br /> <br />All bonds issued by the Utility District shall have a <br />call provision which allows the option to redeem the <br />bonds a t par. <br /> <br />K. <br /> <br />The Utility District shall <br />service to any tract <br />Commission of the City of <br />subdivision plat covering <br />such plat has been recorded <br />the appropriate County. The <br />City of San Marcos will not be <br />subdivision within a Util ity <br />not conform to the provisions <br /> <br />not furnish water or wastewater <br />of land unless the Planning <br />San Marcos has approved a <br />such tract of land and <br />in the deed records of <br />Planning Commission of the <br />required to approve any <br />District which does <br />of the consent agreement. <br /> <br />L.. <br /> <br />The Util ity District shall not provide service outside <br />its boundaries unless approval is obtained from the <br />City Council. If such permission is granted, no bond <br />funds shall be expended or indebtedness incurred to <br />provide such service without approval of the City Council. <br /> <br />H. <br /> <br />The City shall review and approve the adequacy, type and <br />construction of al1 roadwayS in the Utility District. <br /> <br />N. <br /> <br />The City may require the construction of facil ities or <br />improvements for the purpose of mitigating the impacts of <br />stormwater runoff. <br /> <br />o. <br /> <br />No land within the Utility District shall be allowed at <br />any time in the future, to incorporate, join in an <br />incorporation, or be annexed into any incorporated city <br />other than the City of San Marcos. <br /> <br />P. <br /> <br />No land maybe annexed tOOl' acquired by a Utility <br />District without the approval of the City Council. <br /> <br />Q. <br /> <br />Right-of-way, public parKland, utility and drainage <br />easements and all other appropriate lands and easements <br />shall be properly dedicated to the public, by the <br />Utility District and its ultimate successor. <br /> <br />R. <br /> <br />The net effective interest rate will not exceed Z~ above <br />the highest average interest rate reported by the Daily <br />Bond Buyer in its weeKly "20 Bond Index' during the <br />one-month period preceding the date notice of sale is <br />given. <br /> <br />S. <br /> <br />Any wastewater treatment plant constructed in whole or In <br />part with bond proceeds under this pol icy, shall not <br />discharge over the Edwards Aquifer recharge zone, the <br />boundaries of which shall be determined by the City <br />Engineer, based on competent scientific data. Any <br />wastewater treatment plant constructed in whole or in part <br />with bond proceeds under this pol icy must be reviewed and <br />approved by the City Council prior to the issuance of the <br />State permit or any amendment thereto if it is to <br />discharge instead of irrigate. <br /> <br />T. <br /> <br />Water service in a WCID, FWSD or any other type of Water <br />District with the exception of a Municipal Utility <br />District will only be provided to lots one (1) acre <br />min imum in size to insure the capabi 1 i ty to install and <br />operate an on-site wastewater disposal system over the <br />life of the property. <br />