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<br /> obligations of the District. After receipt of the annexation <br /> notice from the City, the District shall not cause any further <br /> obligations to be made which, in the City's reasonable judgment, <br /> might affect the City's annexation plans, notwithstanding the <br /> other provisions of this section. <br /> ( 4) After annexation of the District into the City and <br /> dissolution of the District resulting therefrom, the City is <br /> required to collect a surcharge, in addition to the rates for <br /> water and wastewater services, for property that was within the <br /> territorial boundaries of the District at the time of annexation, <br /> as provided by Section 54.0l6(h) of the Texas Water Code. Such <br /> surcharge shall be calculated according to the criteria and <br /> formula provided for in Exhibit "D" attached hereto and <br /> incorporated herein by reference. In no event shall the revenue <br /> from the City tax rate and surcharges in any one year (the <br /> "collection year") exceed the sum of (i) the revenue that would <br /> have been realized in the collection year by the District under <br /> the highest annual District tax rate levied in any of the three <br /> ( 3) calendar years (the "base yea r") prior to the calendar year <br /> in which annexation of the District's lands to the City occurs, <br /> and (ii) the revenue that would have been realized by the <br /> District from the levy of an additional tax in the collection <br /> year, derived by converting all other revenues allocable to <br /> retirement of the District's debt received in the base year to an <br /> equivalent tax rate as of the base year. <br /> The surcharge is required to continue for thirty ( 30) <br /> years after the initial District debt is issued, until the bonded <br /> indebtedness of the District has been retired, or until the City <br /> has been wholly compensated for the assumption of obligations <br /> under the Texas Water Code, whichever occurs last, but in no case <br /> for a longer period of time than is necessary to wholly <br /> compensate the City for its assumption of the obligations of the <br /> District. Each purchaser of land within the District shall be <br /> furnished by Developer or its successors or assigns, prior to the <br /> -18- <br />