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<br />I <br /> <br />the timely, proper, and faithful completion of said T-hanger <br /> <br />structure by Contractor pursuant to the terms and specifications <br /> <br />of this contract. City further agrees to the following partial <br /> <br />payment schedule: <br /> <br />20% of total to be paid to Contractor upon satisfactory <br />completion of foundation. <br /> <br />50% of total to be paid to Contractor upon arrival of <br />steel work and other structure materials at the job site. <br /> <br />30% of total less any liquidated damages withheld to be <br />paid to Contractor upon final satisfactory completion of <br />the building. <br /> <br />VIII . <br /> <br />If either party shall fail to keep any of the agreements herein <br />agreed by him to be kept or fail to make any payments herein <br />agreed by him to be made, the other party may, by giving the <br />party in default written notice, cancel and terminate this <br /> <br />contract as and from the expiration of thirty (30) days from <br />receipt of said notice. <br /> <br />II IN WITNESS WHEREOF, the parties to these presents have executed <br />this agreement in the year and day first written above. <br /> <br />THE CITY OF SAN MARCOS, TEXAS <br />"CITY" <br /> <br />By: Q~J ;if~ <br /> <br />Ray V. Kotowski, <br />Acting City Manager <br /> <br />ATTEST: <br /> <br />//f;h~J dLb",/-, <br /> <br />ij <br /> <br />Doriss Hambrick, <br />City Secretary <br /> <br />Heinroth & Morgan, Inc. <br /> <br />By: <br /> <br />