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• SMRF intends to acquire two tracts commonly known by the parties as the Geiger and <br />Elsik tracts and will endeavor to acquire a trail corridor between the Geiger tract and <br />another tract commonly known by the parties as the Early tract. <br />• SMRF may consider retaining whole or partial ownership of the Elsik tract for a <br />SMRF/SMGA shared headquarters adjacent to the proposed trail corridor. <br />Purpose of Agreement <br />The purpose of this agreement is to establish roles and responsibilities of the City and SMRF in <br />applying for the Lone Star Prize, together with planning, acquiring, and distributing funds for the <br />5 -year period of the Lone Star Prize, if awarded. <br />1. Article 1. City of San Marcos commitments: <br />1.1. Accept ownership, by gifted deed, of any natural areas or trail corridors acquired by SMRF <br />for this project, including any properties with conservation provisions reserved by SMRF, <br />such as a conservation easement, and without the right to sell or transfer the gifted <br />properties except back to SMRF, all being subject to terms and conditions approved by <br />the City in its sole discretion. <br />2. Article 2. San Marcos River Foundation commitments: <br />2.1. Apply for the Lyda Hill Lone Star Prize, subject to the City's review and approval of all <br />applications and representations made on behalf of the City in connection therewith. <br />2.2. Manage and disburse funds for the project including all land acquisitions, trail building, <br />and other facilities. <br />2.3. Acquire the Geiger and Elsik tracts and will endeavor to acquire a trail corridor between <br />the Geiger and Early tracts. <br />2.4. Transfer partial and/or whole segments of acquisitions to the city by gifted deed. <br />2.5. Fund and manage construction of multi -use trails on Geiger, Early, and Elsik tracts and <br />the tracts commonly known by the parties as the Millican, and Buie tracts. <br />2.6. Build ADA trails where possible or legally required. <br />2.7. Keep the City informed of project progress and grant management and compliance. <br />3. Article 3. City of San Marcos and San Marcos River Foundation mutual commitments: <br />3.1. The City will contract with SMGA to plan and build natural surface trails when deemed <br />appropriate by the City. <br />3.2. SMRF will not require the City to fund any part of the -project during the initial 5 -year <br />term. <br />3.3. The main multi -use corridor of the trail will be accessible to park rangers in all -terrain - <br />vehicles. <br />3.4. Eminent domain will not be pursued or considered for any land or easement acquisitions <br />necessary for the project. <br />Scanned with CarnScanner <br />