Res 2025-019 approving an agreement for the provision of services in connection with the proposed owner requested annexation in Case No. AN-25-03 of approximately .81 acres of land known as La Cima entry lot

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AGREEMENT FOR THE PROVISION OF SERVICES (Pursuant to Tex. Local Gov't Code §43.0672) Date: February 4,2025 Owner: La Cima Commercial, LP, 303 Colorado St., Suite 2300,Austin, TX 78701 City: City of San Marcos, Texas, a home rule municipal corporation, 630 East Hopkins Street, San Marcos, Texas 78666 Property: As described in Exhibit A. 1. The Owner has petitioned the City and the City has elected to annex the Property into the corporate limits of the City. Pursuant to Tex. Local Gov't Code §43.0672,the Owner and the City enter this agreement(the"Agreement")for the provision of services to the Property when annexed. 2. By this Agreement, the Owner affirms its consent to such annexation of the Property by the City and that Owner does not wish to enter into and has declined the offer from the City of a development agreement under Sections 43.016 and 212.172 of the Texas Local Government Code 3. In consideration of the mutual benefits to the Owner and the City arising from the annexation of the Property, and other good and valuable consideration, the receipt of which is hereby acknowledged, the Owner and the City enter into this Agreement and agree that services to the Property will be provided as described in Exhibit B. 4. This Agreement is made, and shall be construed and interpreted under the laws of the State of Texas. Venue for any legal proceedings shall lie in state courts located in Hays County, Texas. Venue for any matters in federal court will be in the United States District Court for the Western District of Texas. 5. If any word, phrase, clause, sentence, or paragraph of this Agreement is held to be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this Agreement will continue in force if they can be given effect without the invalid portion. 6. This Agreement shall be binding upon Owner, and Owner's heirs, successors and assigns, and all future owners of all or any portion of the Property. 7. This Agreement will become effective as of the date an ordinance annexing the Property is finally passed, approved, and adopted by the City's city council (the Effective Date). In the event Council does not approve annexation of this property,this agreement shall be null and void. [SIGNATURES ON NEXT PAGE]