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68 <br />August 20, 1986 <br />lobes t 4 1 . McDonal d , I I I <br />R.W. McDonald Development Corporation <br />1205 H i CEh:;iay 123 <br />:fan Marcos, T:; 860'6 <br />Dear Mr. McDonald: <br />This letter shall serve as an agreement between the R.W. McDonald <br />Development Corporation and the City of .pan Marcos, You vi i 1 1 <br />dedicate to the Ci t'? a sanitary control easement for an existing <br />via ter tei,=11 (a°ihich shall include the right to fence the entire <br />easement at the discretion of all improvements in the <br />subdivision including the wiEater well , 12" viater main, and the water <br />distribution system on the proposed final plat of the Lloods o`f <br />s`i <br />cCa.r t,• Lane Subdivision as described on Attachment to th i s <br />agreement. You v,0111 Convey to the €`i r` by viarranty deed a parcel <br />approximately .40 acres in size and described on Attachment "S" <br />hereto. In exchange, the City vli 11 give ;:you 47 Water L UE credits, <br />t.,Eill serve the subdivision ix ith water at City rates after it has <br />been developed and vli l l pay you $55,000.. <br />This agreemen t i s contingent on final appr;,V °a1 of the <br />proposed plat :attached hereto. If ou Con=Ur =,aith the tern: T=f <br />this lKetter agreement, sign it and return it to me. <br />A,Nlon ales.. CLt t' ? aer <br />;v a d ill, President <br />R.W. McDonald Development Corpor,ation <br />??ppro?,?ed As To Form 8y <br />Lamar =l. Hank i ns, C i ty At torney <br />pity hall 630 e.