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3.03. Each party may, at its own expense, pave and improve paved surfaces on the property <br /> each receives under this agreement. Each party will keep the property it receives free of <br /> refuse and obstructions. <br /> 3.04. Neither party may assign any of its interests under this agreement without the other <br /> party's prior written consent, <br /> 3.05. On or before October 31,2003, the City will make approximately$140,000 worth of <br /> improvements to the Charles Austin Drive Property. SWT and the City will cooperate to <br /> schedule the construction of improvements and to determine the nature of the <br /> improvements. <br /> 4. Parking Meters and Regulations <br /> 4.01. The property described in Exhibit B has parking meters currently installed. The City may <br /> remove these meters and reinstall others. The City will not dispose of the removed <br /> meters without SWT's written consent. Unless SWT instructs otherwise, the City will <br /> deliver the removed meters to SWT. <br /> 4,02. The City may, but is not required to, continue to use the existing parking meters on the <br /> property described in Exhibit B. The City may enact ordinances establishing regulations <br /> and setting fines for overtime parking or other violations of regulations for use of the <br /> parking spaces within the property described in Exhibit B. The City is entitled to all <br /> revenues associated with the operation of the property described in Exhibit B, including <br /> parking meter fees and fine revenues. <br /> 4.03. Similarly, SWT may establish rules for parking on the Charles Austin Drive Property <br /> during the term of this agreement and may collect parking charges and other revenues <br /> associated with the Charles Austin Drive Property. SWT agrees to erect and maintain <br /> signs along the Charles Austin Drive property designating SWT class hours, and to place <br /> temporary signs along the property to indicate SWT events. <br /> 5, Notices <br /> 5,01. All notices required to be given to the City shall be given by certified mail, return receipt <br /> requested, or by confirmed facsimile, to: <br /> City Manager <br /> City of San Marcos <br /> 630 E. Hopkins Street <br /> San Marcos, TX 78666 <br /> Fax: 512-396-4656 <br /> 5,02. All notices required to be given to SWT shall be given by certified mail, return receipt <br /> requested, or by confirmed facsimile, to: <br /> Vice President for Finance and Support Services <br /> Southwest Texas State University <br /> 601 University Drive <br /> San Marcos, TX 78666 <br /> Fax: 512-245-2033 <br /> 5.03. Each party will notify the other of any change in its address or facsimile number. <br /> -2- <br />