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<br /> JUL. -08/99 (THU) 09:45 VPPSS TEL:512 245 2033 P. 002 <br /> 206 <br /> AGREEMENT <br /> The County of H~S. the .san Marcos Consolidated Indep,endcnI School District, dle City of San Marcos <br /> ,ç'Taxing Authorities") an the H¥,: Counly ;1f.p.raislll DisÞict ( 'District") AND SolJdJwe¡¡t Texas State University <br /> ~Universi\(') and the Southwest exas State Diversity Foundation ("Foundation"). desiring to end di~utes between <br /> . e~, whic . arc presently pending respective of the University's Aq uarena Springs properties and the oundation' s Fire <br /> StatIon Studio property, snpulate and agree i1S follows: <br /> 1. The UlÙversity win make payment 1:0 the below named entities in the following sums in settlement of <br /> such pending ( jsputes: <br /> City $ 31,130.02 <br /> ~s County 31.130.02 <br /> S CISD ~ <br /> 2. The Taxing Authorities forever release the University and the FO\lndation from an~ ~perty taJc, <br /> penalty! interes~attomets fees, or other coUection offce amounts currently due e Tu:ìn~ <br /> Authof1tie~ f~r e perioa since the properties were acquired by the University or the Foun tion to <br /> the date ot th1s AgreemenJ. <br /> 3. The pr9Rerty remlliniT}g ~t issue (the Inn at A~arena Springs) is and shall ber regarded by the! Taxing <br /> Auiliorll1~S and the Dlstnct as tax exempt for e uses ti;I wIDth the property 1S currently put. <br /> 4. Re~ard¡ng the restaurant propc:rty now kI1own as Joe's Crab Shack, the Disl1'ict and the Taxing <br /> Au critics agree to send taX appraisals and statementS to the property's lessee. <br /> 5. This Ageeme:nI is not an admission of !:.ax liabili3', on the pan of either me Univerlli~ or the <br /> Foundar:ion ~ut rather is II resolution of disputed c aims ¡¡ni:J an effort by the Universi and rhe <br /> Foundation to buy their peace and to assure tranquility in the; comrnumty. 'The fllct 0 thi.9 Agreement, <br /> r~olution, and pa~nt shall nol be used by either party against the other in any future dispute, <br /> litigation, or proceeding of whatever kind. <br /> 6. This constitutes the entire agreement betWeen the parties; ilDd, all negotiations, understandings <br /> resolutions:. and agreements are subsumed herein. The signatories represent that they have authority <br /> to execute this Agreement and that they do so knowingly. voluntarily, ~nd upon advice of legal <br /> counse], <br /> ~~~~~ J 2. ~'2.'; ".1 <br /> ate <br /> oun~ Hay-s <br /> ~ the onorab 1e Ed , Etheredge <br /> 0 n Qdge . 4Jr/¿-f! <br /> Date <br /> I ~- "l..[iFr <br /> ate <br /> )~ -15'- P <br /> Date <br /> ~1 <br /> /~/1~¡98 <br />