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conditions and restrictions that run with the land, and shall be binding on the Owner, its <br />successors and assigns. <br />3.12. No Vested Rights. This Agreement shall not be construed as a permit for purposes <br />of Chapter 245, Texas Local Government Code and the Owner expressly waives any and all <br />claims to a vested right of any kind hereunder. <br />EXECUTED to be effective as of the Effective Date. <br />CITY OF SAN MA C S, T <br />By: <br />J ed Miller, City Manager <br />LAZY OAKS RANCH, L.P. <br />By: Lazy Oaks GP, L.L.C., <br />Its General Partner <br />LIM <br />Name: <br />Title: <br />6. <br />