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INTERLOCAL AGREEMENT <br /> This Interlocal Agreement is entered into by and between Texas State University ("Texas <br /> State") and the City of San Marcos, Texas (the "City")under the authority of the Texas Interlocal <br /> Cooperation Act, Chapter 791 of the Texas Government Code. Texas State and the City may <br /> hereinafter also be referred to as a"Party" or, collectively, as the "Parties." <br /> I. Recitals <br /> 1.01. Texas State and the City have a mutual interest in improving drainage conditions <br /> to mitigate adverse impacts from stormwater to property in the vicinity of Sessom Creek,buffering <br /> the neighborhood, and improving general safety near the Texas State University campus and in <br /> protecting Sessom Creek. <br /> 1.02. The City is undertaking a capital improvements project that will advance these <br /> mutual objectives (the "Project"). In order to successfully execute the Project, however, it will be <br /> necessary for the Parties to exchange certain real property interests. <br /> 1.03. Texas State and the City have identified property, rights-of-way and easements as <br /> shown in Exhibit A, attached hereto (the "Property") and incorporated herein, the exchange of <br /> which shall facilitate execution of the Project. <br /> 1.04. Texas State and the City have also identified certain irregularities in the common <br /> boundary between certain tracts of land owned by Texas State and the City, as shown in Exhibit <br /> A, that are best resolved in conjunction with the Project. <br /> 1.05. Texas State and the City have determined that, in consideration of the mutual <br /> benefits to the Parties under this Agreement, the property interests being exchanged pursuant to <br /> this Agreement are of comparable value and,therefore,may be exchanged without need for further <br /> consideration. <br /> 1.06. The purpose of this Agreement is to identify the property interests to be exchanged <br /> by the Parties in connection with the Project and to delineate the roles and contributions of the <br /> Parties regarding the surveying and replatting related to such exchange of property interests and <br /> the conveyances of such property interests. <br /> 1.07. The activities of the Parties under this Agreement are governmental as defined in <br /> §791.003 of the Texas Government Code. <br /> 1.08. For the reasons above, the Parties enter into this Agreement under the terms and <br /> conditions below. <br /> II. Coordination and Cost Participation <br /> 2.01. Surveying Services. Pursuant to applicable procurement laws and policies, the <br /> City will enter into a contract with Byrn&Associates, Inc. for surveying and replatting associated <br /> with the property interests being exchanged, as shown on Exhibit A. Each Party will pay one-half <br /> of the costs for the surveying services provided by Byrn & Associates, Inc. After approval by the <br /> Parties of the replat prepared by Byrn&Associates, Inc., Texas State agrees to reimburse the City <br /> for one-half of the actual costs for the replat within 30 days after receipt of an invoice from the <br /> City detailing such costs and pursuant to the requirements of the Prompt Payment Act codified at <br /> Chapter 2251 of the Texas Government Code. <br /> 2.02. Mutual Approval of Surveys and Replat. Texas State and the City will coordinate <br />