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<br />COMMUNITY FACILITIES AGREEMENT
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<br />STATE OF TEXAS §
<br />§ KNOW ALL PERSONS BY THESE PRESENTS:
<br />COUNTY OF HAYS §
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<br />This Community Facilities Agreement (the "Agreement") is made and entered
<br />into as of the _t Ct~ day of Hay, 1986, by and among the City of San Marcos
<br />(the ItCity") , S B & K Joint Venture, a Texas Joint Venture ("SB&K"), Joe K.
<br />Dobie and wife, Daisy Dobie, res idents of Hays County, Texas ("Dobie "), Ed
<br />Salinas and John Rochford Joint Venture, a Texas Joint Venture ("Salinas &
<br />Rochford"), Rakor Inc., a Texas corporation ("Rakor") , Guy Shown Company
<br />("Shown") and River Ridge Joint Venture, a Texas general partnership ("River
<br />Ridge"), the managing partner of which is Norwood Properties, a Texas general
<br />partnership between Jeffrey L. Minch and Frank P. Krasovec;
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<br />WIT N E SSE T H :
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<br />\V"HEREAS, the City, SB&K, Dobie, Salinas & Rochford, Rakor, Shown and River
<br />Ridge des ire to have a Sanitary Sewer Interceptor (as hereinafter defined)
<br />constructed and integrated into the city's wastewater system as described and
<br />shown on Exhibit A attached hereto and incorporated herein by reference for all
<br />purposes; and
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<br />WHEREAS, the City desires to effect a regional Sanitary Sewer Interceptor
<br />solution; and
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<br />WHEREAS, SB&K, Dobie, Salinas & Rochford, Shown and Rakor are the owners
<br />of those certain tracts of real property described on Exhibit B attached hereto
<br />and incorporated herein by reference for all purposes, through which such
<br />Sanitary Sewer Interceptor will in part be constructed; and
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<br />WHEREAS, the City, SB&K, Dobie, Salinas & Rockford, Rakor, Shown and River
<br />Ridge desire to share the cost of constructing such Sanitary Sewer Interceptor,
<br />but SB&K, Dobie, Salinas & Rockford, Rakor and Shown desire to limit their
<br />share of such cost to the amounts set forth on Exhibit C attached hereto, and
<br />the City desires to so limit the share of the construction costs of the
<br />Sanitory Sewer Interceptor to be borne by SB&K, Dobie, Salinas & Rockford,
<br />Rakor and Shown; and
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<br />WHEREAS, River Ridge agrees to observe and report on the design and
<br />construction of the Sanitary Sewer Interceptor as set forth herein;
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<br />NOW, THEREFORE, for and in consideration of the mutual promises
<br />hereinafter expressed and other good and valuable consideration, the
<br />sufficiency of which is hereby acknowledged and confessed, the parties do
<br />hereby covenant and agree as follows:
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