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<br /> 29 <br />STATE OF TEXAS <br />COUNTY OF HAYS <br /> AMENDMENT NO.1 <br /> DEVELOPMENT INCENTIVE AGREEMENT BETWEEN <br /> THE CITY AND CELESTINO MENDEZ, JR. AND ROSE MENDEZ <br /> FOR DEVELOPMENT AT 1216 W. MARTIN LUTHER KING, JR. DRIVE <br />The City of San Marcos ("City") and Celestino Mendez, Jr. and Rose Mendez (the <br />"Developers") agree to amend the Development Incentive Agreement (the "Agreement") <br />dated November 26, 1996 as follows: <br />1. Subsection 2(A) of the Agreement is amended to extend the time for completion of <br />the Project from December 31, 1997 until April 3, 1998. <br />2. The parties agree that all of the remaining terms and conditions of the original <br />Agreement shall remain in effect and continue to govern for the duration of the Agreement. <br />By the signing of this amendment, the parties expressly understand and agree that this <br />amendment will become a part of the Agreement identified above. <br />City of San Marcos <br /> nager <br />Date: 11/25/97 Date: <br />