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<br /> 71 <br /> <br /> <br /> Office of the City Manager <br /> April 13, 1993 <br /> Clovis Barker <br /> c/o state Bank and Trust Co. <br /> 231 N. Guadalupe <br /> San Marcos, TX 78666 <br /> Re: Estates of San Marcos Subdivision <br /> Dear Mr. Barker: <br /> This letter, upon countersignature below by you and the other <br /> persons named, will serve as an agreement in principle for the <br /> city's acquisition of the water system (the "System") serving the <br /> Estates of San Marcos Subdivision (the "Subdivision"). <br /> The System is acknowledged to consist of the entire water <br /> distribution system and associated real property interests, pumps, <br /> tanks and equipment presently used to provide water service within <br /> the Subdivision. <br /> The real property interests to be covered by the sale include a <br /> well site shown as an easement on the plat of the Subdivision, a <br /> well and equipment site adjacent to,the Subdivision covered by a <br /> fee simple interest, and public utiity easements within the entire <br /> width of the roadways shown on the plat of the Subdivision. These <br /> interests are presently owned by you as an individual and by Dr. <br /> Van Rea as Trustee as shown below. The System piping, pumps, tanks <br /> and equipment are presently owned by the Estates of San Marcos <br /> Water Company, Inc., and Kenneth Polk is authorized to execute this <br /> agreement and other documents associated with this sale on behalf <br /> of such corporation. The System is currently operated under Texas <br /> Water Commission Certificate of Convenience and Necessity No. <br /> 11991, in the name of K & H Water Supply. The remainder of this <br /> letter refers to you, Dr. Rea and the Estates of San Marcos Water <br /> Supply Co. Inc. as the "Sellers". <br /> 630 East Hopkins. San :\larcos, Texas 78666 . 512/353--1-1-14 . FA..X 512/396-4656 <br />