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<br />I <br /> <br />I <br /> <br />I <br /> <br />Purchase Agreement <br /> <br />This Agreement IS entered mto by and between Mary Kmg and Kay H Primer, <br /> <br />sole owners of Diamond Pure Water Co owned and operated as a public water utility In <br /> <br />Hays County Texas, and the City of San Marcos, Texas, a home rule city and political <br /> <br /> <br />subdivision of the State of Texas for the purchase of Water Works LLC, d/b/a Diamond <br /> <br /> <br />Pure Water Co . a Texas Limited LiabilIty Corporation <br />RECITALS: <br /> <br /> <br />1 Water Works, LLC d/b/a Diamond Pure Water Co (hereinafter referred to as ""Utility") <br /> <br />IS a Texas limited liability company and retail public water utility organized and operatmg <br /> <br />under and pursuant to the laws of the State of Texas and IS the owner of Texas <br /> <br />Commission on Environmental Quality rTCEQ") Water Certificate of Convenience and <br /> <br />Necessity ("CCN") No 11954 and certain real estate. water production. treatment, <br /> <br />storage, transmiSSion and distribution facilities, equipment and appurtenances used and <br /> <br />useful In the provISion of potable water service to the public In Hays County. Texas <br /> <br />Diamond Pure Water CO IS the current owner of Edwards AqUifer Permit No HA00229, <br /> <br />grantmg the Utility a right to pump 7 629 acre-feet <br />2 The City of San Marcos. Texas (hereinafter referred to as the "Clty") IS a home rule <br />mUnicipality and a political subdiVISion of the State of Texas which owns and operates a <br />municipal water system under the laws of the State of Texas and TCEQ Water CCN No <br />10298 <br /> <br />3. The Utility is owned In full by Kay H Primer and Mary King. as equal partners, who <br /> <br />Jointly have full authority to transfer all of the assets of the Utility <br /> <br />Page 1 of 12 <br />