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Res 2021-137/approving an agreement with Francis R. & Linda M. Horne providing for the City to purchase an approximately 1,979 square foot portion of 1008, 1010 & 1014 Academy St for a price of $67,601
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Res 2021-137/approving an agreement with Francis R. & Linda M. Horne providing for the City to purchase an approximately 1,979 square foot portion of 1008, 1010 & 1014 Academy St for a price of $67,601
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8/25/2021 10:22:57 AM
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8/25/2021 10:22:09 AM
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Agreement
Number
2021-137
Date
8/3/2021
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assignment of such lease. The Seller, otherwise, agrees not to enter into any leases of the Property <br />or any portion thereof after the date of this agreement. <br />8. Taxes and Assessments: Taxes and assessments against the Property shall be <br />prorated through the date of closing. It is understood and agreed by the Seller that, after closing, <br />the City may forward any tax bills attributable to the Seller's ownership of the Property directly to <br />the Seller and the Seller shall promptly pay such bill. If the City pays such bill, it may forward an <br />invoice to the Seller for reimbursement and the seller shall promptly bay such invoice. The City <br />may pursue any remedies available at law or in equity to enforce the Seller's obligations under this <br />paragraph. The Seller's obligations under this paragraph shall survive closing. <br />9. Entire Agreement: The full agreement of the Seller and the City is set forth in the <br />text of this instrument, and no other representations or obligations other than those set forth herein <br />will be recognized. <br />10. Venue: Venue for any dispute arising under this agreement shall be in the <br />appropriate state court in Hays County, Texas having jurisdiction or, if in federal court, the United <br />States District Court for the Western District of Texas, Austin Division. <br />11. Binding on Successors: This agreement shall be binding upon the Seller and the <br />Seller's heirs, executors, administrators, successors and assigns. <br />12. Subject to Approval: The effectiveness of this agreement is subject to its approval <br />by the San Marcos City Council, in its sole discretion. <br />EXECUTED to be effective as of the date of approval hereof by the San Marcos City Council. <br />SELLER: <br />Date:�� <br />anis R. Horne <br />g'p <br />&-�^ vx\- Date: <br />Linda M. Horne <br />CITY OF SAN MARCOS, TEXAS <br />M <br />Name: <br />Title: <br />Date: <br />-71L!;IxI <br />
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