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<br /> 161 <br /> f ' <br /> DONATION AGREEMENT <br /> STATE OF TEXAS <br /> COUNTY OF HAYS <br />I 1. Parties: The San Marcos Jaycees, a private nonprofit association, is the <br /> <br />I <br /> Donor, and the City of San Marcos, Texas, a Texas municipal corporation, is the Donee. <br /> 2. Donation: Donor agrees to donate, and Donee accepts the donation of, <br /> <br /> $10,000 in cash..(~he "Donation"). <br /> 3. Use of Donation: Donor and Donee expressly acknowledge that the Donee <br /> <br /> will use the Donation, and any interest earned on the Donation, for the purpose of installing <br /> playground equipment and landscaping within the area of park property depicted on the <br /> ~ <br /> map attached to this agreement. <br /> 4. Accounting: Donee agrees to establish a separate trust and agency fund for <br /> <br /> the Donation within its budget and accounting systems. Donee agrees to provide Donor <br />I with a written accounting for the Donation, including interest earned upon the Donation, <br /> - and all expenditures of sums from the Donation: <br /> 5. Naming of Park: Donee agrees to name the area of City park property <br /> <br /> depicted on the map attached to this agreement as the JAYCEE PARK agrees to provide <br /> and install a bronze plaque stating the name of the park. <br /> 6. Maintenance: Maintenance and upkeep of the park facilities will be the duty <br /> <br /> and obligation of the City of San Marcos and will conform to the same standards as for <br /> other City park areas. <br /> 7. This is the entire agreement between the parties concerning the Donation. <br /> - <br />( <br />