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57. <br />Y11- <br />I <br />LETTER AGREEMENT <br />This Letter Agreement (the "Agreement") is made effective as of this <br />day of uenhm , 2004, by and between the Jaime J_ Russek Martinez <br />("Grantor") and the City of San Marcos, Texas ("Grantee"). <br />WHEREAS, pursuant to a City of San Marcos Potable Water Easement (the <br />Conveyance) of even date herewith between Grantor and Grantee (attached hereto), <br />Grantor has granted to Grantee certain rights to lands described in the Conveyance; and <br />WHEREAS, the parties desire to set forth their agreement with respect to the <br />consideration to be paid pursuant to the Conveyance; <br />NOW THEREFORE, for good and valuable consideration, the receipt and <br />adequacy of which are hereby acknowledged, the parties hereto agree as follows; <br />1: Subject to approval of the City Council, Grantee agrees to pay to Grantor <br />as the cash compensation including consideration and damages paid for the Conveyance <br />the sum of $ 36,957.36; <br />2: Grantee also agrees pay all reasonable closing costs associated with a <br />closing for the Conveyance; including the cost of title insurance; <br />3: Grantee agrees to deliver the agreed compensation within 30 days of <br />approval by the City Council. <br />4: It is understood and agreed that the Conveyance is made subject to the <br />rights of others in any easements covering the subject lands, recorded in Hays County, <br />Texas to the extent the easements are still in effect. <br />IN WITNESS WHEREOF, this instrument was executed as of the date first <br />written above. <br />Grantor: , <br />ime . us Martinez <br />1 <br />Environment & Engineering Dept. 630 East Hopkins - San Marcos, Texas 78666512/393-8130-FAX <br />512/396-3796