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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 cri ter ia as established by the City <br /> <br />and as amended from time to time." <br /> <br />Page 26. <br /> <br />New Section "M". <br /> <br />"M. <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 <br /> <br />creation of <br /> <br />this District by <br /> <br />Order of the Texas Water Commission. <br /> <br />Such CRF would be in an <br /> <br />amount ~ual 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.1I <br /> <br />Page 26. <br /> <br />Section "M" becomes Section "N" after new Section "M" <br /> <br />added. <br /> <br />"N. -i+. <br /> <br />In the event that the District is not created, <br /> <br />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 />Page 29. <br /> <br />New signature blocks, dates and acknowledgment <br /> <br />provisions relating to these Amendments are included <br /> <br />herein for proper execution. <br /> <br />5H:63600.51/53 <br /> <br />-6- <br />