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AGREEMENT FOR PUBLICIMPROVEMENT DISTRICT <br />ADMINISTRATION SERVICES <br />by and between P3WorksP3Works,andthe City of San Marcos,City, and is <br />. <br />RECITALS <br />WHEREAS, the CityCouncil intends to consider theapprovaland authorization ofthe City of San <br />Marcos Whisper South Public Improvement("District") to finance the costs of certain public <br />improvements for the benefit of property within the District;and <br />WHEREAS, the Citymayconsider issuingbonds to fund certain improvements in the PID as <br />authorized by the Public Improvement District Assessment Act, Texas Local Government Code, <br />Chapter 372, as amended; and <br />WHEREAS, the Cityrequires specialized services related to the revision and updating of the Service <br />and Assessment Plan ("Service and Assessment Plan"), bond issuance, and the administration of the <br />District, as more fully set forth in this Agreement; and <br />WHEREAS, P3Workshas the expertise to properly establish and administer the District and ensure <br />compliance with Texas Local Government Code Chapter 372;and <br />WHEREAS, theCitydesires to retain P3Worksto provide District administration services; <br />NOW THEREFORE,in consideration of the mutual promises and covenants contained in this Agreement, <br />and for good and valuable consideration, P3Worksand the Cityagree as follows: <br />ARTICLE I <br />TERM OF AGREEMENT <br />1.0The Agreement shall be effective as of its approval by allparties andshall be for a period of three <br />(3)years and shall automatically continue on a year to year basis until terminated pursuant to Article V of <br />this Agreement. <br />ARTICLE II <br />SERVICES TO BE PROVIDED BY P3WORKS <br />2.0The scope and timing of services to be performed by P3Worksare set forth in Exhibit A, which is <br />attached hereto and incorporated into this Agreement by this reference. <br />2.1P3Worksagrees that its services pursuant to this Agreement shall at all times be subject to the <br />control and supervision of the Cityandthat nothing in this Agreement shall constitute an assignment of <br />any right or obligation of the Cityunder any applicable contract, agreement, or law. P3Worksshall not <br />represent to any property owneror any other person that it or any of its employees are acting as the City <br />Version 05.18.2021 1 <br /> <br />