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<br />136. <br /> <br />RELEASE OF AGREEMENT FOR PAYMENT IN LIEU <br />OF AD VALOREM TAXES <br /> <br />THE STATE OF TEXAS <br /> <br />s <br />s <br />s <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />COUNTY OF HAYS <br /> <br />That the undersigned, the CITY OF SAN MARCOS, TEXAS (the "City") and EOP SAN <br />MARCOS EXCHANGE, LLC, a Texas limited liability company ("EOP"), executed that certain <br />Agreement for Payment in Lieu of Ad Valorem Taxes dated November 8, 2004 (the <br />"Agreement"), recorded in Volume 2577, Page 96 of the Official Public Records of Hays <br />County, Texas, purportedly encumbering the real property described on Exhibit "A" attached <br />hereto and made a part hereof for all purposes (such real property being referred to herein as the <br />"Property"). <br /> <br />WHEREAS, EOP was not the owner of the Property at the time the Agreement was <br />executed and had no authority to execute the Agreement or bind the Property in any respect; <br /> <br />WHEREAS, the City desires to terminate and release the Agreement; and <br /> <br />NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br />which are hereby acknowledged, the City hereby terminates and releases the Agreement and <br />agrees that the Agreement shall be of no further force or effect. <br /> <br />EXECUTED this 20th day of July, 2005. <br /> <br />CITY OF SAN MARCOS, TEXAS <br /> <br />By: <br />Name: <br />Title: <br /> <br />~D, ~ J <br /> <br />Dan O'Lea f/ <br />City Manager <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />RELEASE OF AGREEMENT FOR PAYMENT <br />IN LIEU OF AD VALOREM TAXES - Page 1 <br />