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<br />35 <br /> <br /> <br /> <br /> <br /> <br />Office of the City Manager <br /> <br /> <br />October 15, 1996 <br /> <br /> <br />~. Ruth Ann Hoch, President <br />r' Elim Water Company, Inc. <br />i 302 West Hopkins, Suite 2 <br />San Marcos, TX 78666 <br /> <br />Re: Amendment to Letter of Intent for Acquisition of Capital Stock of Elim Water <br />Company! tnc. by City of San Marcos <br /> <br />Dear Ms. Hoch: <br /> <br />This letter, upon your countersignature, will amend the letter of intent dated August 27, <br />1996 for the City's acquisition of the outstanding capital stock of Elim Water Company, Inc. <br /> <br /> <br />. <br />The last sentence in the second numbered paragraph of the letter is amended to read as <br />follows: <br /> <br />The negotiation fee will be refunded only if you are not able to secure execution of <br />the purchase agreement by all Elim shareholders by October 30, 1996. <br /> <br />All remaining terms of the letter of intent remain in full force and effect. <br /> <br />Please indicate your acceptance of this amendment to the letter of intent by executing both <br />J originals mailed to you and returning one original' to me. <br />1- <br /> <br />Sincerely, <br /> <br />~4 .b~ <br />Larry D. Gilley <br />City Manager <br /> <br />LDG:js <br /> <br />ELiM WATER91MP~NY, I~C. <br /> <br />~ ' f/>uJ Iif:!t <br /> <br />Ruth Ann¡Hoch, President <br />10 t1/9?; <br />Date <br /> <br /> <br />630 East Hopkins. San :Marcos, Texas 78666 . 512/353-4444 . FAX 512/396-4656 <br />