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V1. <br /> There is a necessity for the above-described work because there is not now available within <br /> the area an adequate waterworks system, sanitary sewer system, drainage and storm sewer <br /> system, or roadway system to serve the portion of the Land to be included within the District, <br /> which is proposed to be developed for residential and commercial uses. The health and welfare <br /> of the present and future inhabitants of the area and adjacent areas require the purchase,design, <br /> construction, acquisition, ownership, operation, repair, improvement, and extension of an <br /> adequate waterworks system,sanitary sewer system, drainage and storm sewer system, roadway <br /> system, and other facilities and systems. A public necessity, therefore, exists for the creation of <br /> the District in order to provide for the purchase, design, construction, acquisition, ownership, <br /> operation, repair, improvement and extension of a waterworks system, sanitary sewer system, <br /> drainage and storm sewer system, roadway system, and other facilities and systems to prornote <br /> the purity and sanitary condition of the State's waters and the public health and welfare of the <br /> community. <br /> VII. <br /> A preliminary investigation has been made to determine the cost of the proposed District's <br /> projects, and it is now estimated by Petitioner, from such information as it has available at this <br /> time,that such cost will be approximately$rio,000,000. <br /> VIII. <br /> Petitioner,by submission of this Petition,requests the City's consent to the creation of the <br /> District and to the inclusion of the Land within the District. <br /> Petitioner requests that this petition be heard and that the City Council duly pass and <br /> approve an ordinance or resolution granting the City's consent to the creation of the District and <br /> authorizing the inclusion of the Land within the District. <br /> EXECUTED to be effective as of the 4th day of June, 2024. <br /> [SIGNATURE PAGE FOLLOWS] <br /> 4871-6749-3565,v.1 2 <br />