Res 1987-030 - Laserfiche WebLink

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2) In the event that CITY defaults under the terms of this agreement after acceptance by CITY of this agree- ment as provided herein and fails to return the two original easement documents held in escrow as provided herein, then CITY shall be liable to ALEXANDER GROUP for any loss resulting to ALEXANDER GROUP for CITY's failure to return said easement documents, together with all reasonable attorneys' fees and costs incurred by ALEXANDER GROUP in connection therewith. 3) In the event that CITY defaults under the terms of this agreement after acceptance by CITY of this agree- ment as provided herein, then CITY shall be liable to S&S and SAN MARCOS 186 for the engineering costs incurred by S&S and SAN MAR- COS 186 hereunder, together with interest at 10% per annum and all reasonable attorneys fees and costs incurred by S&S and SAN MARCOS 186 in connection with obtaining such reimbursement. 4) In the event S&S or SAN MARCOS 186 defaults in the payment of the engineering fees provided for herein, and CITY is not in default under the terms of this agreement, then CITY shall be entitled to recover from S&S and SAN MARCOS 186, jointly and severally, any unpaid engineering services provided for herein, together with interest at 10% per annum, all reasonable attorneys' fees and costs of Court incurred by CITY in connection with obtaining payment of said engineering fees provided herein. 5) In the event the design, plans and specifica- tions of the sewer line by ProTech Engineering Group are not com- pleted in accordance with the City of San Marcos standard specifications and furnished to CITY on or before the 30th day of A p r iI, 1 987, the n CITY, at its 0 P t ion, may e 1 e c t tot e r m i n ate this agreement by giving written notice to the other parties to this agreement, at their respective addresses shown below their signatures hereto, on or before the 10th day of May, 1987, and except for CITY's obligations to return the original easements provided for herein, CITY shall have no further obligations under this agreement. EXECUTED t his 9 t h day 0 f Fe b ru a r y, 1 987 . By-. Handler Smith, President P. O. Box 358 San Marcos, Texas 78667 SAN M,\RZOS,.1186 LIMlj"D 21:Z:P BY:_~_Ll~~~~_~~~----------- Michael Hudkins 55 N. IH35 If224 Austin, Texas 78702 By: Andrew Gary P. O. Box 727 San Marcos, Texas 7 8667 APPROVED this ___~a__- day of ----~~-----------, C(T~~~ SAN MARCOS , \...1" ..-~ '" '. ,.. . ,,-. /1\ ~ '..-..1/- " B : '_'.,L'~~":"-" y -T-r~--~-- ------~------------- ~. E. Younger, Mayor 1987.