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<br />rules <br /> <br />and <br /> <br />regulations <br /> <br />shall <br /> <br />equal <br /> <br />or <br /> <br />exceed <br /> <br />the <br /> <br />minimum <br /> <br />corresponding policies and criteria as established by the Ci ty <br /> <br />and as amended from time to time." <br /> <br />Page 28. <br /> <br />New Section "Q". <br /> <br />"Q. <br /> <br />Developer shall use its best efforts to have the Board <br /> <br />of Directors of the District adopt a Capital Recovery Fee (CRF) <br /> <br />within <br /> <br />twelve <br /> <br />(12) <br /> <br />months <br /> <br />after creation of this District by <br /> <br />Order of the Texas Water Commission. <br /> <br />Such CRF would be in an <br /> <br />amount equal to the CRF of the City in effect at the time of such <br />adoption or Five Hundred Dollars ($500.00) per L.U.E., which ever <br /> <br />is less, with such CRF becoming effective when the demand within <br /> <br />the Districts, both Hays County MUDs 2 and 3 taken cumulatively, <br /> <br />exceeds 996 L.U.E.s. <br /> <br />The CRF, when effective, would be used to <br /> <br />reduce the bonded indebtedness of the District." <br /> <br />Page 28. <br /> <br />Section "Q" becomes Section "R" after new Section "Q" <br /> <br />added. <br /> <br />"R. -Q-. <br /> <br />In the event that the District is not created, the <br /> <br />intention <br /> <br />and <br /> <br />offer <br /> <br />to <br /> <br />restrict, <br /> <br />dedicate <br /> <br />and <br /> <br />contribute <br /> <br />expressed in this Article shall not be effective, but shall be of <br /> <br />no force or effect." <br /> <br />Pages 31 - 33. <br /> <br />New signature blocks, dates and acknowledgment <br /> <br />provisions relating to these Amendments are <br /> <br />included herein for proper execution. <br /> <br />5H:63600.47/49 <br /> <br />-6- <br />