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<br />Page 6. <br /> <br />Deletion of sentence from first full paragraph on page <br /> <br />under Article III.A. <br /> <br />"Upon the issuance and sale of its bond anticipation notes or <br /> <br />bonds <br /> <br />for <br /> <br />purposes <br /> <br />authorized <br /> <br />herein, <br /> <br />the District <br /> <br />shall <br /> <br />pay <br /> <br />Developer the cost of construction of any facilities constructed <br /> <br />or financed by Developer to the extent authorized by the Texas <br /> <br />Water Commission. <br /> <br />To the extent the District is not permitted to <br /> <br />pay Developer for any facility for capacity necessary to serve <br /> <br />the <br /> <br />District, <br /> <br />Developer <br /> <br />shall <br /> <br />dedicate <br /> <br />such <br /> <br />facility <br /> <br />to <br /> <br />the <br /> <br />District without compensation. <br /> <br />Developer understands and agrees <br /> <br />that <br /> <br />its <br /> <br />ownership <br /> <br />interest <br /> <br />in <br /> <br />the Regional <br /> <br />facilities, <br /> <br />other <br /> <br />than <br /> <br />its <br /> <br />ownership <br /> <br />interest <br /> <br />in the reserved capaci ty <br /> <br />in <br /> <br />these <br /> <br />facilities, <br /> <br />shall <br /> <br />transfer <br /> <br />in <br /> <br />fee <br /> <br />to <br /> <br />the <br /> <br />City, <br /> <br />without <br /> <br />compensation <br /> <br />except <br /> <br />as <br /> <br />provided <br /> <br />in <br /> <br />this <br /> <br />Agreement, <br /> <br />upon <br /> <br />inspection <br /> <br />and <br /> <br />acceptance <br /> <br />of <br /> <br />such <br /> <br />facilities <br /> <br />by <br /> <br />the <br /> <br />City. <br /> <br />rrovidcd, <br /> <br />hmlcT"Tcr, <br /> <br />thic <br /> <br />oblig:1tion <br /> <br />to <br /> <br />dedicate <br /> <br />without <br /> <br />compefi3a tiofi 3hall haT"Tc no cffcct on thc City' Q obl ig:1 tionc in <br /> <br />Cectiofi F bclo~¡ to rcimburoc Dcvclopcr for conctruction of City'c <br /> <br />pro rata 3harc of capacity." <br /> <br />Page 8. <br /> <br />Deletion of last 2 sentences of Section "B(2)" of <br /> <br />Article III. <br /> <br />" ( 2) <br /> <br />It is expressly understood by all parties that the City <br /> <br />shall have and retain the right to review and approve all plans <br /> <br />and specifications for and inspect construction of all Regional <br /> <br />facilities, <br /> <br />including the facili ties referred to in Sections A <br /> <br />5H:63600.51/53 <br /> <br />-2- <br />