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Res 2024-126 approving an amendment to the reimbursement agreement with Carma Paso Robles, LLC., for the San Marcos, Texas Tax Increment Reinvestment Zone No. 4
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Res 2024-126 approving an amendment to the reimbursement agreement with Carma Paso Robles, LLC., for the San Marcos, Texas Tax Increment Reinvestment Zone No. 4
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7/11/2025 9:10:00 AM
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7/23/2024 4:36:40 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2024-126
Date
7/2/2024
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M. Waiver. Each parry may specifically, but only in writing, waive any <br /> breach of this Agreement by the other party, but no such waiver shall be deemed to constitute a <br /> waiver of similar or other breaches by such other party. <br /> 10. Term of Agreement. This Agreement shall be in effect from the date of this <br /> Agreement until the earlier of(a)thirty (30) years from the date of the approval by the City or(b) <br /> the date the Developer is reimbursed for the costs of all of the Improvements as provided in this <br /> Agreement. <br /> 11. Representation of Authority. The City represents and warrants to the Developer <br /> that the City is duly authorized and empowered to enter into this Agreement. The Developer <br /> further represents and warrants to the City that it has the requisite authority to enter into this <br /> Agreement. <br /> 12. Signature Warranty Clause. The signatories to this Agreement represent and <br /> warrant that they have the authority to execute this Agreement on behalf of the City and <br /> Developer, respectively. <br /> [EXECUTION PAGE FOLLOWS] <br /> 7 <br />
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