Res 1988-116 - Laserfiche WebLink

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-2- Options No.1, No.2, and No.3 are subject to the following rules and procedures: 1. Developer must notify the City in writing on or before twelve o'clock noon, May 1,1989 of his choice of one or any combination of options. Said Notice shall be considered as properly given if mailed by certified, return receipt requested mail, postage prepaid and addressed as follows: TO: CITY OF SAN MARCOS Larry D. Gilley, City Manager 630 E. Hopkins San Marcos, texas 78666 The failure of the Developer to properly notify the City of his choice of option(s) will result in Developer remaining in his current status (Option 4). 2. Developer may choose a combination of options reservation may be committed to more than one option. but no single 3. If Option No.1, No.2, or No.3, or any combination which includes them, is chosen a new letter of agreement must be entered into to replace the 1984 Letter of Invitation, Understanding and Agreement. A form of this letter of agreement will be made available to interested Developers upon request. 4. The time limit for use of the reservations shall begin to run on July 1, 1989, if the new letter of agreement is executed by that date. r f the new letter of agreement is not executed by July 1, 1989, the Owner of such reservations will continue to operate under the existing agreement. 5. A reservation will be considered "used" for the purposes of the new agreement upon any ini tial payment made by Developer of appl icable capital recovery fees for an L.U.E. 6. Developers holding Package Plant Reservations may sell them at no more than the or ig inal cost of $500 per L. U. E. Proof of sale in the form of a wri tten agreement or contract stipulating the number of L.U.E.s and value of sale will be required before City will record the transfer at the Department of Public Works. A recording fee of $10.Ø0 will be charged the seller of the reservations transferred for each separate transaction. The City assumes no liability for any damages or losses incurred by any party for failure to maintain records pertaining to the transfer of package plant reservations from one party to another. 7. Package Plant Reservations may be used on any property served by the City at the time Developer applies for a Building or plumbing permit.