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Res 2015-171/approving a lease with Martin Marietta Materials Southwest, Inc., leasing the City’s right to withdraw 165 acre feet of water from the Edwards Aquifer during the lease term beginning on December 1, 2015 and ending on December 31, 2015
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Res 2015-171/approving a lease with Martin Marietta Materials Southwest, Inc., leasing the City’s right to withdraw 165 acre feet of water from the Edwards Aquifer during the lease term beginning on December 1, 2015 and ending on December 31, 2015
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3/9/2018 11:19:34 AM
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12/7/2015 11:59:23 AM
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Resolutions
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Approving
Number
2015-171
Date
12/1/2015
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during the full terns of this Lease, subject to the terms and conditions of the Permit and all <br />laws, rules, regulations and orders now or hereafter in effect applicable to the Property. <br />Lessee agrees to comply with all laws, rules, regulations and orders now or hereafter in <br />effect that are applicable to the Property. <br />8. Cooperation: Lessor will use its best efforts, take such actions and execute and deliver <br />such documents that Lessee deems reasonably necessary to more fully vest Lessee with <br />the Property and make effective all of the terms of this Lease, <br />9. Assignability: The Lessee shall have the ability to sublease or assign this Lease with <br />prior written consent of Lessor, which consent shall not be utuvasonably withheld. <br />Provided, however, that any such sublease or assignment by Lessee shall not release <br />Lessee from its duties and obligations under this Lease. <br />10, Surrender of Leased Rights: Upon the termination of this Lease, Lessee shall relinquish <br />all claims to, and use of the Property. <br />11. Notice: Any notice to be given hereunder shall be given by placing the notice hu United <br />States trail, certified or registered, properly stamped and addressed to the address shown <br />below or to such other address as the respective party may direct, in writing, to the other <br />party, by overnight delivery service or by personal delivery to such address. Notice shall <br />be deemed effective upon the placing in the mails, on the next business day following <br />delivery and acceptance for next day delivery by any overnight service, or upon actual <br />delivery if by personal delivery: <br />Lessor: City of Sail Mat -Cos <br />Attn: Thomas P. Taggart <br />630 E. Hopkins <br />San Marcos, Texas 78666 <br />Lessee: Martin Marietta Materials Southwest, Inc. <br />5710 West Hausman Rd., Suite 121 <br />San Antonio, Texas 78219 <br />Attu: General Counsel <br />Martin Marietta Materials, Inc. <br />2710 Wycliff Road <br />Raleigh, NC 27607 <br />Attn: General Counsel <br />12. Default: If for any reason either of the parties fails to comply with any of the provisions <br />of this Lease, the non -defaulting party, at its election, may exercise all rights which may <br />be available to it at law or in equity, including termination of this Lease. Termination of <br />this lease will not limit any other remedies available to the non -defaulting party. <br />(00064331 3) <br />
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