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<br />145 <br /> <br />REIMBURSEMENT AGREEMENT FOR <br />WATER LINE EXTENSION <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF HAYS <br /> <br />This Agreement is made on this 27tlalay of July , 1999 between the City of San <br />Marcos, a Texas municipal corporation (the "City"), the San Marcos Baptist Academy (the <br />"Academy"), and the First Christian Church (the "Church"). <br />RECITALS <br />1. The City is in the process of constructmg the Northwest Water System Improvements <br />Project (the "Project"), which includes the construction of a new City water main along Ranch Road <br />12 west of the City. <br />2. The Academy and the Church have requested that the City construct a water main <br />extension (the "Extension") across Ranch Road 12 to serve the Academy's property at 2801 Ranch <br />Road 12 and the Church's property at 3105 Ranch Road 12, with the Academy and the Church to <br />reimburse the City for the full cost of the Extension. <br />3. The City is willing to include the construction of the Extension in the Project, with the <br />full cost of the Extension to be paid by the Academy and the Church, subj ect to the express condition <br />that the Applicants, on behalf of themselves, their successors and assigns, consent to the annexation <br />of the Academy's and the Church's respective properties at such time as they are adjacent to the City <br />limits. <br /> <br />AGREEMENT <br />The City, the Academy and the Church, in consideration of the mutual promises, covenants <br />and agreements set forth in this Agreement, agree and contract as follows: <br /> <br />1. The City agrees to include the construction of the Extension as a part of the Project, as <br />described on plans for the Extension to be prepared by a registered professional engineer. <br /> <br />2. The Academy and the Church agree to pay to the City the cost of the Extension, $24,480, <br />within ten days of the City's delivery to the Academy and the Church of an invoice for this amount, <br />upon substantial completion of the Extension. The amounts to be paid by the Academy and the <br />Church towards this cost will be determined by the Academy and the Church. <br /> <br />3. This Agreement and the provision of water service through the Extension are subject to <br />all valid and applicable ordinances, rates, rules, regulations, and laws of all governmental agencies <br />