Laserfiche WebLink
MEMORANDUM OF LEASE OF EDWARDS AQUIFER GROUNDWATER <br />This Memorandum of Lease of Edwards Aquifer Groundwater ( "MOL ") is executed this <br />day of 2012, by and between City of San Marcos, a Texas municipal <br />corporation (the "Lessor ") and Martin Marietta Materials Southwest, Inc., a Texas corporation <br />(the "Lessee "). <br />WITNESSETH: <br />1. On the day of 2012, Lessor and Lessee entered into a Lease of <br />Initial Regular Permit (the "Lease ") of the Property described below: <br />Property: <br />The Property consists of 250 ac. ft. of groundwater withdrawal rights authorized by <br />Edwards Aquifer Authority ( "EAA ") Permit No. P100- 828(HA00222) (the "W"). <br />2. The Lease sets, out the rights and obligations of the Lessor and Lessee. <br />3. The term of the Lease is from January 1, 2012 to December 31, 2012. <br />4. In accordance with the terms of the Lease, the Lessor has agreed to lease 250 <br />acre -feet per annum of the IRP to Lessee. <br />5. This MOL is intended to act only as the notice of the existence of the Lease and <br />its general terms. To the extent the terms of this MOL conflict with the terms of the Lease, the <br />terms of the Lease shall control. <br />SIGNATURE PAGES TO FOLLOW <br />