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AMENDMENT TO AGREEMENT BETWEEN THE CITY OF SAN MARCOS <br />AND THE GREATER SAN MARCOS ECONOMIC DEVELOPMENT <br />CORPORATION FOR ECONOMIC DEVELOPMENT SERVICES <br />This Amendment to Agreement Between the City of Sail Marcos and the Greater San <br />Marcos Economic Development Corporation for Economic Development Services (the <br />"Agreement") is entered into by and between the City of San Marcos (the "City") and the Greater <br />San Marcos Economic Development Corporation (the "Corporation"). <br />1.. The City and the Corporation entered into that certain Agreement Between the City <br />of San Marcos and the Greater Sari Marcos Economic Development Corporation for Economic <br />Development Services, dated October 1, 2018 (the "Agreement"), The City and the Corporation <br />wish to amend the Agreement to increase the payment amounts under the Agreement as set forth <br />below. <br />2. Section 2,A. of the Agreement is hereby amended to read as follows: <br />SECTION 2. OBLIGATIONS OF THE CITY <br />A. Payments. In exchange for the services provided under this <br />Agreement, subject, however, to the terms set forth in Section 4(b) Hereof, City will <br />make payments to the Corporation as follows: <br />L $100,000 per quarter in the first year of the term of this <br />Agreement; <br />H. $10000 per quarter in the second year of the term of this <br />Agreement; and <br />iii, $1.00,000 per quarter in the third year of the term of this <br />Agreement, <br />3. All other terms and conditions of the Agreement shall remain the same, <br />EXECUTED to be effective as of October IG, 2018, <br />CITY OIr SAN MARCOS <br />By; <br />Bert •as, QCity Manager <br />GREATER SAN MARCOS ECONOMIC <br />DEVELOPMENT CORPORATION <br />By:- <br />PR-rt.'t-� A. itosL, Chair <br />