Laserfiche WebLink
<br /> then exists. Because the Regional facilities will need to be <br /> installed in advance of completing construction of the internal <br /> water and wastewater systems in the District, the parties agree <br /> that the actual connection of water and wastewater service to the <br /> District's systems corresponding to eighty percent (80%) of the <br /> total number of living unit equivalents of service to be provided <br /> in the District is equal to the ninety percent (90%) of <br /> facilities required to be installed. <br /> ( 3) The District shall be dissolved on the date <br /> and in the manner specified in the ordinance completing such <br /> annexation. Upon the dissolution of the District, the City <br /> shall, subject to the provisions of Article II.A., immediately <br /> succeed to all properties, powers, duties, assets, debts, <br /> liabilities, and obligations of the District. At the time the <br /> City finds annexation of the District to be feasible, the City <br /> shall give written notice of its intent to proceed to annex the <br /> District, by registered or certified mail, return receipt <br /> requested, to the address of the District designated in the <br /> registration statement on file with the Texas Water Commission, <br /> with a copy to the District's attorney of record. If the <br /> installation of any item of authorized District facilities <br /> financed with the proceeds of District bonds has commenced In <br /> good faith in compliance with and in reliance upon the provisions <br /> of this Agreement and is in progress, the District within thirty <br /> ( 30) days from receipt of the notice from the City shall notify <br /> the City in writing by registered or certified mail, return <br /> receipt requested, with a copy to the City Attorney, of such <br /> installation and the annexation of the District shall be <br /> postponed until: (i) the installation of the items has been <br /> completed; or (ii) the expiration of one (1) year from the date <br /> of the annexation notice from the City, whichever occurs first. <br /> Within thirty <30) days of receipt of such notice from the City, <br /> the District shall furnish the City Secretary of the City with a <br /> report on the status of all current construction projects and <br /> -17- <br />