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<br />I <br /> <br />PART 8. PROPERTY TAX APPRAISED VALUE <br /> <br />Section 8.01 It IS understood and agreed between the partIes that the Property and the <br />Improvements upon the Property wIll be appraIsed at market value for the purposes of property tax <br />assessment throughout the term of thIS Agreement, and that thIS value may change dunng the term of <br />thIS Agreement. The calculatIOn of abated taxes wIll make use of thIS appraIsed value as It IS <br />determmed for each year of the Abatement Penod. <br /> <br />PART 9. INDEPENDENT CONTRACTOR/INDEMNITY <br /> <br />Section 9 01. It IS understood and agreed between the partIes that the CIty and SMVP, m <br />executmg thIS Agreement, and m performmg theIr respectIve obhgatIOns, are actmg mdependently, <br />and not m any form of partnershIp or Jomt venture The CIty assumes no responsibIlItIes or <br />habIlItIes to any thud partIes m connectIOn WIth thIS Agreement, and SMVP agrees to mdemmfy, <br />defend and hold the CIty harmless from any such habIhtIes. <br />PART 10. NOTICE <br /> <br />Section 10.01. All notIces called for or reqUIred by thIS Agreement wIll be dehvered to the <br />followmg by certIfied mall, postage pre-paid, effectIve five days after maIhng, or by hand dehvery or <br />I overnight delIvery, effecllve upon dehvery' <br /> <br /> <br />Robert McDonald <br />San Marcos Vista Partners, LImIted <br />2110 A Boca Raton Dnve, SUIte 206 <br />Austm, TX 78747 <br /> <br />I <br /> <br />CIty Manager <br />CIty of San Marcos <br />630 East Hopkms <br />San Marcos, Texas 78666 <br /> <br />Each party wIll notIfy the other party m wntmg of any change m ItS address. <br /> <br />PART 11. MISCELLANEOUS <br /> <br />Section 11 01. ThIS Agreement was approved by the CIty CounCIl at ItS meetmg on February <br /> <br />15,2005 <br /> <br />Section 11.02. SMVP agrees to mclude provlSlons m ItS leases for the FacIlIty prohibItmg <br />dIscnmmatIOn by tenants m the prOVlSlon of serVIces or m employment practIces at the FacIlIty on <br />the basIs of race, creed, color, natIOnal ongm, sex or dIsabIlIty <br /> <br />5 <br />