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a. Except for review of development activities and land uses for compliance with the <br />Development Agreement and the provision of wastewater services pursuant to the Consent <br />Agreement and a Service Agreement, no other City services will be provided in any area within <br />the District Boundaries prior to the full purpose annexation of the District, unless otherwise agreed <br />in writing between City and District at a later time. <br />b. City services not now being provided within the District Boundaries shall commence upon <br />the full purpose annexation of District by City, and dissolution of the District; provided, however, <br />water services will be provided by the service provider holding the CCN and legally authorized to <br />provide such services to the District. <br />ARTICLF, IV <br />DISTRICT ASSETS, LIABILITIES, OBLIGATIONS, DEBT <br />AND DEBT SERVICE <br />Section 4.01 Assets, Liabilities, Indebtedness, and Obligations During the Period of Limited <br />Purpose Annexation. <br />a. District shall be dissolved and abolished on or about the date of full purpose annexation, <br />except to the extent that the parties agree that it may remain in existence for the purposes of <br />winding down the District's business. <br />b. District's contracts, assets, liabilities, indebtedness, and obligations will all remain the <br />responsibility of the District until full purpose annexation. <br />Section 4.02 Assumption of the District's Outstanding Obligations, Assets, Debts, and <br />Liabilities by the City. <br />a. City shall assume none of the District's obligations or assets during the Period of Limited <br />Purpose Annexation. <br />b. Upon full purpose annexation of the District, and dissolution of District, all of the <br />obligations, liabilities, indebtedness, and assets of the District shall be assumed by City except <br />those obligations, liabilities, indebtedness, and assets incurred or acquired by the District in <br />violation of the Consent Agreement, this Agreement, or state law. <br />Section 4.03 Capital Improvements During the Period of Limited Purpose Annexation. <br />During the Period of Limited Purpose Annexation the District shall be responsible for making all <br />capital improvements to District Facilities. <br />Section 4.04 District Bonds and Tax. <br />a. District will levy an ad valorem tax to pay debt service on the District's Bonds in <br />accordance with the terms thereof and to pay operation and maintenance expenses of District, as <br />appropriate, and will continue to do so pending full purpose annexation of District. Upon full <br />purpose annexation of the District by City, City will assume the District's outstanding bonds. Any <br />funds in the District's debt service account which have not been applied toward the District's bonds <br />7 <br />