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Contract of Sale <br /> <br /> 1. This is a contract for the sale of a building between <br />Southwest Texas State University (hereinafter, the "University") <br />and the City of iSan Marcos, Texas (hereinafter, the "City"). <br /> <br /> 2. The University will sell and the City will buy the <br />following described building (hereinafter, the "building"), currently <br />located on property owned by the University: <br /> <br />A wood-frame office building carried on <br />University inventory records as building <br />number 684. <br /> <br /> 3. The total consideration for the sale of the building, shall <br />be the assumption by the~City of the cost of removing the building <br />from University property,_ and any additional expenses associated <br />therewith. The City agrees that the building shall be removed <br />in accordance herewith no earlier than November 21, ~981, and no <br />later than December lQ, 1~81, <br /> <br /> 4. Any risk associated with the removal of the building <br />rests with the City, and the City shall be liable for any and all <br />damages to University property that might occur as a result of the <br />removal. <br /> <br /> 5. In the event the City fails to remove the building by <br /> <br />the date specified by this contract, the University may, within its <br />discretion, declare this contract to be null and void, or remove <br />the building to any location within the city limits of the City of <br /> <br /> <br />