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Real Estate Sales Contract <br />This contract to buy and sell real property is between Seller and Buyer as identified below <br />and is effective on the date ("Effective Date") of the last of the signatures by Sel ' ler and Buyer as <br />parties to this contract and by Title Company to acknowledge receipt of the Earnest Money. <br />Buyer must delivor the Earnest Money to Title Company and obtain Title Company's signature <br />before the Earnest Money Deadline provided in section A. I. for this contract to be effective. <br />Seller: James K. Wise Real Estate, Inc. <br />Address: 6325 Redwood Road, San Marcos, TX 78666 <br />Phone: 512-396-8400 <br />E-mail: jameskwise@gmaii.com <br />Buyer: City of San Marcos <br />Address: 630 E. Hopkins St. San Marcos, TX 78666 <br />Phone: 512-393-8130 <br />E-mail: psteed@sanmarcostx,gov <br />Seller's Broker: Jim Wise and Associates, LLC <br />Address: 6325 Redwood Road, San Marcos, TX 78666 <br />Phone: 512-396-8400 <br />E-mail: jameskwise@gmail.com <br />Property: 20.63 acres, more or less, of land as described in the attached Master Plan of <br />Highway 123 Business Park, attached hereto as Exhibit A, and made a part hereof <br />for all purposes. <br />Title Company: Independence Title Co. <br />Address- 113 N Guadalupe St, San Marcos, TX 78666 <br />Phone- 512,392.1271 <br />Purchase Price: $2.75 per square foot based on acreage reflected in the Survey - <br />Earnest Money: $20,000.00 <br />