Res 2015-020/Wildenthal Tract - Laserfiche WebLink

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above. 3.3 The County will coordinate with the City to identify an approximately 33.33 acre mutually agreed portion out of the western section of the Property to be conveyed to the City. Such total acreage for conveyance to the City may be adjusted based upon physical constraints requiring adjustments in the boundary and a survey of the agreed upon portion to be conveyed to the City, in which event the payment from the City under Section 2.1 will be adjusted accordingly. Subject to the Parties' having reached mutual agreement regarding the boundaries of the portion of the Property to be conveyed to the City, and payment from the City under section 2. 1, the County shall convey such agreed upon portion of the Property, in fee simple, to the City. The deed to the City shall be of the same type by which TPL has conveyed to the County, e.g., special warranty deed or general warranty deed, as applicable, and subject to the city's acceptance of any reservations from and exceptions to conveyance and warranty. The Parties agree that, after the County conveys the approximately 33.33 acre tract to the City, each of the Parties shall be fully responsible for managing its own property, unless the Parties otherwise agree in writing. 3.4 The County hereby consents to voluntary annexation of the Property by the City after closing under the Purchase Agreement and conveyance of a portion of the Property to the City under Section 3.3. ARTICLE 4 TERM AND TIME OF PERFORMANCE 4.1 The effective date of this MOU shall be the date last executed by the Parties, below (the "Effective Date "). The term of the MOU shall continue from the Effective Date until September 30, 2016, or until the Parties have fulfilled all obligations under this MOU. ARTICLE 5 NOTICE 5.1 Except as may be otherwise specifically provided in this MOU, all notices, demands, requests, or communications related to non - compliance issues required or permitted hereunder shall be in writing and shall either be (i) personally delivered against a written receipt, or (ii) sent by registered or certified mail, return receipt requested, postage prepaid and addressed to the parties at the addresses set forth below, or at such other addresses as may have been theretofore specified by written notice delivered in accordance herewith: If to the County: Hays County Attn: County Judge 111 E. San Antonio, Suite 300 San Marcos, Texas 78666 If to the City: City of San Marcos Attn: Jared Miller 630 E. Hopkins Street San Marcos, Texas 78666 MOU - Wildenthal - Phase 1 Page 3