Laserfiche WebLink
<br /> 140 <br /> AGREEMENT FOR EXCHANGE OF PROPERTY <br /> This agreement is entered into between the Board of <br /> Regents, Texas S ta te university System, on behalf of the State <br /> of Texas and Southwest Texas State University, an institution <br /> of higher education with its principal campus at San Marcos, <br /> Hays County, Texas (hereinafter referred to as "SVIT "), and the <br /> City of San Marcos, Texas (hereinafter referred to as "City"). <br /> In consideration of the mutual promises and covenants <br /> herein contained, and the mutual benefits to be derived from <br /> the execution of this agreement, the parties agree as follows: <br /> 1. Transfer of Property to the City <br /> 1.01. On or before June 1, 1983, SWT shall convey <br /> to the City by General Warranty Deed, approximately 3.388 acres <br /> of land consisting of a 50' strip of land on the southeast side <br /> of the Missouri-Pacific Railroad right-of-way running from Bugg <br /> Lane to Hopkins Street and amounting to approximately 2.232 acres, <br /> and a 50' strip of land on the northwest side of the~1issour- <br /> Pacific Railroad property running from Jowers Center to Hopkins <br /> Street amounting to approximately 1.156 acres, all of said <br /> property being described more fully by metes and bounds on <br /> Attachment "A", attached hereto and incorporated herein by <br /> reference for all purposes. <br /> 1. 02. This conveyance lS contingent upon the City's <br /> construction of a drainage ditch upon Tract No. I of Attachment <br /> "A", which drainage ditch will help drain water from Sv1T' s <br /> athletic facility, Bobcat Stadium. If the City does not <br />