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<br />22. <br /> <br />AMENDMENT NO.1 TO DEVELOPMENT INCENTIVE AGREEMENT BETWEEN <br />THE CITY OF SAN MARCOS AND LEGEND COMMUNITIES, INC. <br />FOR PROPOSED CASTLE RIDGE SUBDIVISION DEVELOPMENT <br /> <br />This is Amendment No.1 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 (the "Developer"), a <br />Texas corporation. <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 'OVerStrike indicates deleted text): <br />B. The Developer will complete the Project in phases. The Developer agrees to <br />complete the construction of the first phase of the Project, which includes the Realignment, by <br />December 31, 2000 +999, and to complete the balance of the Project by December 30, 2003 2-002-. <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 September 14 <br /> <br />,1999. <br /> <br />Attest: <br /> <br /> <br />CITY OF SAN MARCOS, TEXAS <br /> <br /> <br />DEVELOPER: <br /> <br />::g~:Q <br />~e~1e, ~l~W ~4+ ~ lJ. p. <br />