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<br />62. <br /> <br />AMENDMENT NO.4 TO DEVELOPMENT INCENTIVE AGREEMENT BETWEEN <br />THE CITY OF SAN MARCOS AND SDC FRANKLIN STREET PARTNERS <br />FOR PROPOSED CASTLE RIDGE SUBDIVISION DEVELOPMENT <br /> <br />This is Amendment No.4 to the Development Incentive Agreement dated January 12, 1999 <br />(the "Agreement") between the City of San Marcos, Texas (the "City"), a Texas municipal <br />corporation, and Legend Communities, Inc. d/b/a SDC Austin Communities ("SDC"), a Texas <br />corporation. SDC assigned its interest in the Agreement, with the City's consent, to SDC Franklin <br />Street Partners, Ltd., a Texas Limited Partnership (the "Developer"). <br /> <br />The parties agree to amend the Agreement as follows: <br /> <br />1. Section 2.B. of the Agreement is amended as follows (underlining indicates added <br />text and overstrike indicates deleted text): <br /> <br />B. The Developer will complete the Project in phases. The Developer agrees to <br />complete the construction of the first phase of the Project, which includes the Realignment, <br />by August 31, June 30, 2001, and to complete the balance of the Project by June 30, 2004. <br /> <br />2. All other provisions of the Agreement remain in full force and effect. <br /> <br />This Amendment is executed by the parties in multiple originals or counterparts, each having <br />full force and effect. <br /> <br />EXECUTED on <br /> <br />June 12 <br /> <br />,2001. <br /> <br /> <br />J a~is K. Womac <br />City Clerk <br /> <br />CITY OF SAN MARCOS, TEXAS <br /> <br />By ff~A ~~ <br />La D. lley~ City nager <br /> <br />DEVELOPER: <br />SDC Franklin Street Partners, L.P. <br /> <br /> <br />By./ <br />. e w- <br />t-kt'-(flcu- [) o.v <br />Printed name, title <br />