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<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 /> 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 54.016(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 that 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 year") prior to the calendar year <br /> in which annexation of the District's lands to the City occurs, <br /> and ( i i) the revenue that would have been realized by the <br /> -17- <br />