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EXHIBIT G LIVING UNIT EQUIVALENT CREDIT AGREEMENT THIS AGREEMENT ("LUE Credit Agreement") is made by and between THE CITY OF SAN MARCOS (the "City"), GUY SHOWN COMPANY, a Texas Corporation C'GSCOIt), and RAKOR, INC., a Texas corporation ("Rakor"), WIT N E SSE T H : WHEREAS, GSCO and Rakor are the owners of certain real property (the "Property") in San Marcos, Hays County, Texas more particularly described in the Plat (as hereinafter defined); and WHEREAS, the City has given final approval to a plat (the "Plat") of the Property dated December 26, 1985, platting the Property into Lots 1 and 2, Interpark East Section 4, a copy of the Plat being attached hereto; and WHEREAS, the Plat provides for the construction of a sewer lift station and force main to facilitate the provision of sanitary sewer service to the Property; and WHEREAS, the City desires that GSCO and Rakor forego the construction of such sewer lift station and force main and instead participate in the construction of a new. Sanitary Sewer Interceptor pursuant to that certain Agreement dated A~~~A~l!C~986, to which this LUE Credit Agreement has been attached as Exhibit G; and WHEREAS, the cost to GSCO and Rakor of constructing the Sanitary Sewer Interceptor pursuant to the Agreement is greater than the cost of constructing the aforesaid sewer lift station and force main, but GSCO and Rakor have agreed to participate in the construction of such Sanitary Sewer Interceptor in consideration of the covenants and agreements of the City contained herein. NOW, THEREFORE, for and in consideration of the promises herein cantBin~d and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned agree as follows: 1. In consideration of the execution by Rakor of the Agreement and its participation therein, the City agrees that it shall apply as a credit toward the payment of Sanitary Sewer Living Unit Equivalent Fees (hereinafter referred to as "LUE Fees") payable in connection with sanitary sewer service provided to the Property, the total amount by which the cost of construction of the Project contemplated in the Agreement to be borne by Rakor under the Agreement exceeds $25,000.00. By way of illustration, in the event the cost of construction of the Project borne by Rakor under the Agreement is $35,000,00, GSCO and Rakor will be credited with $10,000.00 toward the payment of LUE Fees in connection with sewer service provided to the Property. In such event, GSCO and Rakor will be entitled to a total of 11.11 Sanitary Sewer LUEs free of charge (the fee for one Sanitary Sewer LUE being $900.00). 2. The City shall allocate to either and/or both of GSCO and Rakor, as they among themselves determine, all or part of the Sanitary Sewer LUEs to which they are entitled at any time or times upon written request therefore by GSCO and Rakor made at any time after the completion of construction of the 16 15/1026/3