Ord 1988-081 - Laserfiche WebLink

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23 FIRST AMENDED AGREEMENT REGARDING DEVELOPMENT OF LOWMAN RANCH MUNICIPAL UTILITY DISTRICT THE STATE OF TEXAS COUNTY OF HAYS § § § KNOW ALL MEN BY THESE PRESENTS: THIS FIRST AMENDED AGREEMENT (the "Amended Agreement") is made as of the day of October, 1988, and entered into by and among the City of San Marcos, Texas (the "City"), a municipal corporation situated in Hays County, Texas, acting by and through its duly authorized city Manager; Jeffry B. Lewis, Trustee, and Lowman Ranch Ltd., a Texas limited partnership, (together, "LRL") , who together are the holders of legal title to a majority in value of the land comprising the proposed Lowman Ranch Municipal Utility District (the "District"), which is more particularly described in Exhibit "A", attached hereto and incorporated herein by reference, consisting of approximately 919.69 acres situated wholly in Hays County, Texas, all of which lies within the extraterritorial jurisdiction of the City. This Amended Agreement is entered into in response to a request made by the Texas Water Commission as a requirement for creation of the District. This Amended Agreement supercedes and shall be valid for all purposes in place of the Agreement, dated February 9, 1987. For and in consideration of the mutual agreements, covenants, and conditions in this Amended Agreement the parties hereto contract and agree as follows: ARTICLE ONE GENERAL STATEMENT Pursuant to State law, a city in whose extraterritorial jurisdiction the creation of a municipal utility district is proposed has the right to consent to its creation, and must grant such consent in a written document. With the execution of the Agreement Regarding Development of Lowman Ranch Municipal Utility District, dated as of February 9, 1987, the Ci ty duly adopted an ordinance granting its consent to the creation of the District. LRL will comply with certain