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<br />owner of the adjacent property, of the right-of-way at the location identified <br />generally on the attached Exhibit B. These dedications would take place in <br />connection with the platting and exchange of properties by the Seller and the <br />adjacent owner. The costs of such platting would be borne equally by the Buyer <br />and the Seller. <br />B. By dedicating across other property of the Seller the right-of-way at the location <br />identified generally on the attached Exhibit C. This dedication would take place <br />in connection with the platting of Seller's property, or by separate instrument <br />approved by the Buyer and the Seller. <br />In the event the Seller does not complete the securing of this right-of-way that is agreeable <br />to the Buyer by the Closing Date, the Buyer may tenninate this Contract and obtain a refund <br />of the Earnest Money. In the event that the right-of-way is secured, roadway improvements <br />in the right-of-way will be made in accordance with City ordinances and policies as adjacent <br />properties are platted and developed. <br /> <br />2. The Seller and the Buyer will each pay one-half of the cost of the appraisal <br />obtained by the Buyer of the Seller's adjacent property (Lots 5, 6, 7, 8 and 9 of the Blanco <br />Shoals Planned Development District development) to be donated by the Seller to the Buyer. <br />This cost will be apportioned at the time of closing, or if this Contract is terminated without <br />the sale closing, the Seller will pay one-half of the cost of the appraisal to the Buyer within <br />30 days of written request by the Buyer. <br /> <br />18. BROKER'S FEES/COMMISSIONS. The Seller is responsible for paYll1g any <br />commissions or fees for brokerage services obtained by the Seller. <br /> <br />EXECUTED in multiple counterparts by the Seller and Buyer on the dates set forth below. The later <br />signature date will be the Effective Date of this Contract. <br /> <br />BUYER: <br />City of San Marcos <br /> <br />~~~~ <br /> <br />Dan O'Leary, .Cit(Manager <br />Date: 1.J\1~ Ill".. <br /> <br />SELLER: <br /> <br />Alan Holt <br />Date: <br /> <br />Receipt of $1 ,000 Earnest Money is acknowledged in the form of check # <br /> <br />Hays County Abstract Company <br /> <br />By: <br /> <br />Printed name, title: <br /> <br />Date: <br /> <br />5 <br />