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<br /> of District facilities, the annexation process may begin on land <br /> within the District and such land may be included in the <br /> corporate boundaries of the City. <br /> ( 2) If installation of ninety percent (90%) (as <br /> hereafter defined) or more of the facilities as listed in Exhibit <br /> liB" attached hereto has not been accomplished by the end of the <br /> five-year period, the City Council of the City, at its option, <br /> may revoke its authorization for or approval of the installation <br /> of any further items of District facilities, and may also revoke <br /> its authorization for the issuance of the balance of the <br /> District's unissued bonds; provided, however, that the City's <br /> right to revoke such authorizations may be exercised only if the <br /> City concurrently annexes into the City the entire District as it <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 /> -16- <br />