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Res 2012-011
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Res 2012-011
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Last modified
3/13/2012 10:06:05 AM
Creation date
2/9/2012 1:50:40 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2012-11
Date
2/7/2012
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If a Party changes its address or facsimile number for notice purposes, it will provide written notice <br />of the new address to the other Parties within 10 days of the change. Notices may also be provided <br />by email to a Party is the authorized representative of such Party provides to the others in writing an <br />email address for purposes of notice. <br />15. Venue; Governing Law. This Agreement shall be construed and enforced according <br />to the laws of the State of Texas; and exclusive venue for any legal action arising under this <br />Agreement shall lie in Hays County, Texas. <br />16. TXDOT Participation Credits. The City and the Developer are pursuing additional <br />funding and participation for a portion of the Improvements from TXDOT pursuant to an Advanced <br />Funding Agreement. If TXDOT agrees to provide funding or to perform all or any portion of the <br />work under an Advanced Funding Agreement, the parties agree that the Estimated Project Cost will <br />be reduced according to the amount of such participation with each Party's share of said Estimated <br />Project Cost being reduced pro rata, Provided an Advanced Funding Agreement for any portion of <br />the Improvements is entered into with TXDOT before completion of the remainder of the <br />Improvements, the portion of the Improvements subject to the Advanced Funding Agreement may <br />be completed within the timelines and schedules approved by TXDOT rather than the time specified <br />in paragraph 5. <br />EXECUTED as of the Effective Date first written above. <br />CITY: DEVELOPER: <br />By: ALAM K INVESTMENTS, INC., <br />G aI Partner <br />By: <br />am s R. Nuse, P. ity Manager - -- <br />Randall Morris, President <br />COUNTY: <br />By: k���—ahc <br />fudge Bert Cobb, M.D., <br />Hays County Judge <br />5 <br />
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