Specifications include, but are not limited to: The City of Hondo, Texas is offering for lease by sealed Bid all or part of 362.021 acre-feet per annum of base irrigation (BIG) Edwards Aquifer Water Rights under Permit No. P100-860 issued by the Edwards Aquifer Authority (the “ EAA”) for one or more calendar years (the “Water Rights” or the “Property”). The Property is subject to all rules and regulations of the EAA and does not include any right to enter upon or use any other real estate or personal property owned or controlled by the City of Hondo, including without limitation, any right to enter upon or use any property encompassed within the South Texas Regional Airport. The City may select one or more bidders to enter into a Lease for all or portions of the Property for one or more calendar years. The Lease will set forth the terms and conditions of the agreement between the City and the bidder. Decisions regarding award of the lease(s) and terms of the award will be made by the City.