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Local Participant shall make an initial payment of $8,325.00 to GBRA on or <br />before March 1, 2015 for its' share of the installation cost for the USGS gauging <br />station. Local Participant shall make its subsequent operations & maintenance <br />payment of $5,150.00 to GBRA on or before October 1, 2015 and every <br />subsequent year until this agreement has been terminated as provided herein. <br />Payment by Local Participant beyond the current fiscal year is subject the annual <br />appropriation of lawfully available funds for the purposes of this Agreement. <br />Section 2. TERM OF AGREEMENT. This Agreement shall become effective <br />when executed by all parties hereto and shall remain in effect until terminated as <br />provided herein. <br />Section 3. NOTICES. All notices or communications provided herein shall be <br />delivered by certified mail, return receipt requested to Local Participant and <br />GBRA at their respective addresses. For the purposes of notice, the addresses <br />of the parties, until changed by written notice, as provided above, shall be as <br />follows: <br />City of San Marcos <br />Jared Miller, City Manager <br />630 E. Hopkins <br />San Marcos, TX 78666 <br />Guadalupe Blanco River Authority <br />W.E. (Bill) West, Jr, General Manager <br />933 East Court Street <br />Seguin. TX 78155 <br />Section 4. TERMINATION. This Agreement may be terminated by either <br />party by thirty (30) days advance written notice to the other party to this <br />Agreement. In the event of termination under this provision, GBRA shall have no <br />further obligation to Local Participant for any respective contribution at the time of <br />termination. In the event of termination by Local Participant under this provision, <br />Local Participant shall be responsible for any cost incurred for its respective <br />portion of the project up to the date of termination. <br />Section 5. IMMUNITY. It is expressly understood and agreed that in the <br />execution of this Agreement, no party waives nor shall be deemed to waive any <br />immunity or defense that would otherwise be available to it against claims arising <br />in the exercise of governmental powers and functions. <br />