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<br />157 <br /> <br />AMENDMENT NO.1 TO DEVELOPMENT INCENTIVE AGREEMENT BETWEEN <br />THE CITY OF SAN MARCOS AND MOFF, INC. <br />FOR CIMARRON SUBDIVISION DEVELOPMENT <br /> <br />This is Amendment No.1 to the Development Incentive Agreement dated December 3, 1996 <br />(the "Agreement") between the City of San Marcos, Texas (the "City"), a Texas municipal <br />corporation, and Moff, Inc. (the "Developer"), a Texas corporation. <br /> <br />The parties acknowledge that the Developer has completed the Project as described in the <br />Agreement. The time period for which the Developer could obtain waivers of building permit fees <br />has expired, and the Developer has requested an extension of that time. <br /> <br />The parties agree to amend the Agreement as follows: <br /> <br />1. The second sentence of Section 3.A of the Agreement is amended as follows <br />(underlining indicates added text and Melshike indicates deleted text): <br />The City also agrees to waive fees for building permits, plan checking, water and wastewater <br />connections, and contractor licensing associated with the construction of single-family residences <br />on the Property by the Developer or by others that become payable on or before December 31, 2000 <br />+998. <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 November 9 <br /> <br />,1999. <br /> <br /> <br />CITY OF SAN MARCOS, TEXAS <br /> <br />J 's K. Womack <br />City Secretary <br /> <br />BY:~,d)~ <br />L D. 'lley, City ager <br /> <br />