Executive Summary of the Second Supplement

SECOND SUPPLEMENT TO WATER SUPPLY CONTRACT BETWEEN THE CITY OF HOUSTON, TEXAS AND THE NORTH HARRIS COUNTY REGIONAL WATER AUTHORITY

This Executive Summary outlines the terms of the proposed Second Supplement to Water Supply Contract between the City of Houston, Texas and the North Harris County Regional Water Authority (the “Second Supplement”). While the Second Supplement is a two-party contract between the North Harris County Regional Water Authority (the “Authority”) and the City of Houston, Texas (the “City”), other substantially similar two-party contracts have been executed between the City and the West Harris County Regional Water Authority, the Central Harris County Regional Water Authority and the North Fort Bend Water Authority (collectively, the “Other Authorities”), respectively. Because the City, the Authority and the Other Authorities, (collectively, the “Project Parties”) intend to pursue a 320 million gallons per day (“MGD”) expansion (the “Expansion Project”) of the City’s Northeast Water Purification Plant (the “NEWPP”), representatives of all Project Parties participated in the negotiation of the Second Supplement. In addition to providing for the design and construction of the Expansion Project, the Second Supplement provides a structure that preserves efficiency, while also allowing the Authority and the Other Authorities significant access to information throughout, and input into the execution of, the Expansion Project.

Executive Summary of Second Supplement

Disclaimer

THE CONTENT CONTAINED IN THIS WEBSITE IS PROVIDED BY NORTH HARRIS COUNTY REGIONAL WATER AUTHORITY (THE "AUTHORITY") AS A SERVICE TO YOU. THIS WEBSITE AND THE INFORMATION CONTAINED HEREIN SHOULD NOT BE RELIED UPON OR USED AS INFORMATION FOR THE PURPOSES OF SECURITIES DISCLOSURE ABOUT THE AUTHORITY OR ITS FINANCIAL CONDITION. PERSONS SHOULD NOT RELY UPON THIS INFORMATION WHEN CONSIDERING WHETHER TO BUY, SELL OR HOLD BONDS ISSUED BY THE AUTHORITY. ALL INFORMATION CONTAINED HEREIN SPEAKS ONLY AS OF THE DATE INDICATED. THE AUTHORITY ASSUMES NO DUTY TO UPDATE ANY INFORMATION CONTAINED IN THIS WEBSITE AT ANY TIME.

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