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<br /> I/ì-C- <br /> - Page 4 <br /> 5. ASSIGNMENT <br /> A. This Agreement may be assigned by the Developers to a new owner of the <br /> Property with the written consent of the City Council. An assignment will not be approved <br /> ~- if the Developers or the new owner are indebted to the City for ad valorem taxes or other <br /> obligations. <br /> B. The new owner will assume all the duties and obligations of the Developers <br /> under this Agreement. <br /> 6. INDEMNITY <br /> It is understood and agreed between the parties that the City and the Developers <br /> are acting independently and not as a partnership or joint venture in executing and <br /> < <br /> performing this Agreement, and the City assumes no responsibilities or liabilities in <br /> connection with this Agreement to third parties, and the Developers agree to indemnify, <br /> defend and hold the City harmless from any such liabilities. <br /> 7. MISCELLANEOUS <br /> A. All notices called for or required by this Agreement will be delivered to the <br /> following by certified mail: <br /> DEVELOPERS: <br /> Celestino Mendez, Jr. and Rose Mendez <br /> 1213 W. San Antonio Street <br /> San Marcos, TX 78666 <br /> CITY OF SAN MARCOS <br /> City Manager <br /> 630 East Hopkins <br /> San Marcos, Texas 78666 <br />