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DocuSign Envelope ID:FABC5243-4BC3-46F5-B3BA-D208D288F901 <br /> 4. The City's obligation to accept the COSM Public Water Utility Easement and pay <br /> Grantor is subject to the City's review and acceptance, in its sole discretion, of the state of title of <br /> the Easement Area, including evidence of Grantor's authority to grant the Easement and subject <br /> to the completion of any environmental investigations. If the City determines that the state of title <br /> or condition of the COSM Public Water Utility Easement Area is unacceptable, it may extend <br /> the time for payment of compensation to Grantor by the amount of time reasonably necessary to <br /> cure any objections the City may have or terminate this Agreement, in which event the Easement <br /> will not be accepted or recorded by the City. <br /> 5. Subject to Approval: The effectiveness of this agreement is subject to its approval by the <br /> San Marcos City Council, in its sole discretion. <br /> EXECUTED to be effective as of the date of the last signature below. <br /> GRANTOR: ARA Properties II, a Texas General Partnership <br /> DocuSigned by: <br /> �tie�sn�� �. �.snnan� 12/7/2023 2:29 PM CST <br /> By: e Date: <br /> Gregory F. Connor, MD <br /> Print Name <br /> President <br /> Title <br /> CITY: <br /> �� Date: Za 2`T <br />