O-2008-3068 Assessments against Section One properties within the City of La Porte Lakes at Fairmont Greens

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City that is payable from taxes or other moneys of the City other than the Assessment Revenue collected by the City. D. Allocated Funds: Limitation of City's Duties. The City's duty to pay money to the Authority for any purpose under this Agreement is limited in its entirety by the provisions of this Article. The fee herein provided for shall be the entire and complete compensation of Authority for its Services and expenses in connection herewith. The Authority recognizes that under certain provisions of the Charter oithe City of La Porte and Article IX, Section 5, of the Texas Constitution, the City may not obligate itself by contract to an extent in excess of an amount theretofore appropriated thereto by the City CounciL . The Authority further recognizes that no appropriation has been made for the purposes of this Agreement or the City services herein described for City fiscal year 2007 or for any other fiscal year during the term of this Agreement and that the obligation of the City hereunder is subject to future appropriation in connection with the City's budgets for future years by the City Council in its sole discretion. . . .. Unless and until. the City Council sees fit to make an .appropriation or appropriations for such purpose~ the obligation of the City to. the Authority under this Agreement, or in connection with the subject matter hereof, can and will be limited to the total amount appropriated. v. City Payment to Authoritv Subject to the availability of funds in the Special City Account, the City will pay the Authority, not later than the first business day of each July in which a current, approved Budget is in effect for the Authority, all moneys then available in the Special City Account, subject to the retention by the City of administrative costs pursuant to Article IV, Section B, hereof 8 HOU:2680299J