Restated and Amended Addendum No 2 - St Joe County Regional Sewer and Water District - Carraige Hills Sewer Service

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WHEREAS, South Bend is agreeable to accepting wastewater from the District and the Project Area and to process and dispose of same; and WHEREAS, the District has applied for a loan through the United States Department of Agriculture Rural Development Loan Program (the "USDA") to facilitate the cost of construction of a wastewater collection system (the "System") in the Carriage Hills Subdivision Sub -District (the "Sub -District"); and WHEREAS, the District intends to issue revenue bonds of the District (the "Bonds") payable from the revenues of the District collected within the Sub -District and USDA will purchase such Bonds to evidence a loan to the District for the purpose of making certain improvements within the Project Area; and WHEREAS, the District and South Bend previously entered into Project Addendum No. 2 dated as of March 28, 2017 in connection with the Project Area ("Original Addendum No. 2"); and WHEREAS, the USDA requires that this Amended and Restated Project Addendum No. 2 comply with 7 C.F.R 1780.62 and 1780.63 (collectively, the "Federal Regs."); and WHEREAS, the District and South Bend desire to amend and restate the Original Addendum No. 2 to comply with the Federal Regs. and to address other terms related to the financing of the Project by the District; NOW, THEREFORE, in consideration of the mutual promises and obligations in the Master Agreement and this Amended and Restated Project Addendum No. 2, the adequacy of which is hereby acknowledged, the Parties agree as follows: I. AGREEMENTS OF THE PARTIES. A) The District has advertised and received bids for the construction of a wastewater collection system (the "System") and, upon the USDA's purchase of the Bonds, will construct a wastewater collection system within the Project Area which shall be adequate to service customers within the Project Area. B) South Bend agrees to accept District as a contract customer for the purpose of providing sanitary sewer service to the District's customers within the Project Area of the Sub -District for a term not less than the repayment term of the Bonds, which is expected to be forty (40) years from the date of issuance of the Bonds. In consideration for providing sanitary sewer service to the District's customers within the Sub -District, South Bend shall collect a fee equal to the sewer rates described in K) below.