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<br />211. <br /> <br />AMENDMENT NO.2 TO DEVELOPMENT INCENTIVE AGREEMENT BETWEEN <br />THE CITY OF SAN MARCOS AND FRANKLIN STREET PARTNERS, L.P. <br />FOR PROPOSED BISHOP CROSSING SUBDIVISION DEVELOPMENT <br /> <br />This is Amendment No.2 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 Ol'eJ 5tl ike indicates deleted text): <br />B. The Developer will complete the Project in phases. The Developer agrees to <br />complete the construction ofthe first phase ofthe Project, which includes the Realignment, by June <br />30,2001 DccembcI 31,2000, and to complete the balance of the Project by June 30, 2004 Dcccmbel <br />30,2003. <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 December 12 , 2000. <br /> <br />Attest: J CITY OF SAN MARCOS, TEXAS <br /> <br />By: ~A~ <br />L 'D. illey, City anager <br /> <br /> <br />DEVELOPER: <br />SDC Franklin Partners, Ltd. <br /> <br />~~~ <br />\ <br />B', i <br />Sig ature . <br />l-\Q '-f 'Rev.'" I:xt u..d..Q.i,-- -t- <br />Printed name, title <br />