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Res 2022-200R/approving a Chapter 380 Economic Development Incentive Agreement with Majestic Realty Co. providing incentives in the form of refunds of 50 percent of additional real property taxes for up to three years
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Res 2022-200R/approving a Chapter 380 Economic Development Incentive Agreement with Majestic Realty Co. providing incentives in the form of refunds of 50 percent of additional real property taxes for up to three years
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10/26/2022 10:53:10 AM
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City Clerk - Document
Resolutions
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Approving
Number
2022-200R
Date
9/6/2022
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written notice,this Agreement shall be deemed to have been assigned to Walton and Walton shall <br /> become the "Developer" for all purposes hereunder. <br /> Section 9.05. Waiver. No term or condition of this Agreement shall be deemed to have <br /> been waived, nor shall there be any estoppel to enforce any provision of this Agreement, except <br /> by written instrument of the party charged with such waiver or estoppel. <br /> Section 9.06. Notices. Any notice, statement and/or communication required and/or <br /> permitted to be delivered hereunder shall be in writing and shall be mailed by first-class mail, <br /> postage prepaid, certified mail return receipt requested or delivered by hand,messenger,reputable <br /> overnight carrier, or email with acknowledgement of receipt by reply email, and shall be deemed <br /> delivered when received at the addresses of the parties set forth below, or at such other address <br /> furnished in writing to the other Party: <br /> Developer: Majestic Realty Co. <br /> 131 E. Exchange Ave. <br /> Suite 220 <br /> Fort Worth, TX 76164 <br /> Attn: Al Sorrels, Sr. V.P. <br /> Telephone: (972) 232-3760 <br /> E-mail: asorrels@majesticrealty.com <br /> Copy to: Walton Global Holdings, LLC <br /> 8800 N. Gainey Center Dr., Suite 345 <br /> Scottsdale,AZ 85258 <br /> Attn: Legal Department <br /> E-Mail: legal@walton.coni <br /> City: City of San Marcos <br /> 630 E. Hopkins <br /> San Marcos, Texas 78666 <br /> Attn: City Manager <br /> Telephone: 512.3 93.8101 <br /> E-mail: citymanagerinfo@sanniarcostx.gov <br /> Section 9.07. Applicable Law; Venue for Disputes; Attorney Fees. This Agreement is <br /> made, and shall be construed and interpreted under the laws of the State of Texas. Venue for any <br /> 16 <br />
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