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Agreement is in an amount that fairly compensates TXSTATE for these services. Funds for the <br />participation in this Agreement have been provided through the City budget approved by City <br />Council for the current fiscal year only. State statutes prohibit the obligation and expenditure of <br />public funds beyond the fiscal year for which a budget has been approved. However, the cost of <br />services covered by this contract is considered a recurring requirement and is included as a <br />standard and routine expense of the City to be included in each proposed budget within the <br />foreseeable future. City Council expects this to be an integral part of future budgets to be <br />approved during the period of this contract except for un- anticipatable needs or events which <br />may prevent participation in this contract. However, the City cannot guarantee the availability of <br />funds, and enters into this contract only to the extent such funds are made available. The fiscal <br />year for the City extends from October 1 st of each calendar year to September 30 of the <br />following calendar year. <br />D. Entire Agreement: This Agreement contains the entire agreement between the parties and <br />supersedes all prior understandings and agreements between the parties regarding such matters. <br />This Agreement may not be modified or amended except by written agreement executed by both <br />parties. Neither party may assign this Agreement without the written consent of the other party. <br />E. Interpretation: The parties acknowledge and confirm that this Agreement has been entered <br />into pursuant to the authority granted under the Act. All terms and conditions are to be construed <br />and interpreted consistently with the Act. <br />F. Invalid Provisions: Should any provision in this Agreement be found or deemed invalid, this <br />Agreement will be construed as not containing the provision and all other provisions which are <br />otherwise lawful will remain in full force and effect, and to this end the provisions of this <br />Agreement are declared to be severable. <br />G. Applicable Law: This Agreement is governed by the law of the Sate of Texas. Exclusive <br />venue for any dispute arising under this Agreement is in Hays County, Texas. <br />H. Termination: Either party may terminate this Agreement by giving a 30 calendar day <br />advance written notice to the other party. <br />I. Authorized Representatives: Jennifer Shell P.E., City Engineer, is the City's authorized <br />representative who will act on the City's behalf with regard to this Agreement and W. Scott <br />Erwin, Director, Office of Sponsored Programs, is TXSTATE's authorized representative who <br />will act on the TXSTATE's behalf with regard to this Agreement. <br />J. Bindin Effect This Agreement shall take effect immediately upon execution by both <br />parties hereof and shall inure to the benefit and be binding upon the administrators, successors <br />and assigns of the parties hereto. <br />Agreed to and accepted this 7th day of July, 2011. <br />