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Guadalupe Blanco River Authority <br />W.E. (Bill) West, Jr, General Manager <br />933 East Court Street <br />Seguin, TX 78155 <br />Section 5. FUNDING. It is expressly understood and agreed by the parties, <br />such understanding and agreement being of the absolute essence to the <br />Agreement, that GBRA will not financially contribute toward completion of Phase <br />II of the Project, but will manage the project. When GBRA has expended the <br />total 25% contribution from each participating community to meet its obligations <br />hereunder, GBRA shall have no further obligation of duty under the terms of this <br />Agreement, notwithstanding any word, statement, or thing contained in or <br />inferred from the provisions hereof, which might in any light by any person be <br />construed to the contrary. <br />Participation by the parties in the Project shall in no way commit a party to <br />financial participation in implementation of any solution to problems which may <br />be identified by the Project, or the adoption of floodplain management regulations <br />which may be recommended in the Project. <br />It is expressly understood and agreed by the parties that once Local Participant <br />has provided payment, they shall have fully met their obligations hereunder, and <br />shall have no further obligations, financial or otherwise, under the terms of this <br />Agreement. <br />Section 6. TERMINATION. This Agreement may be terminated by either <br />party by thirty (30) days advance written notice to the other party to this <br />Agreement. In the event of termination under this provision, GBRA shall have no <br />further obligation to Local Participant for any respective contribution at the time of <br />termination. In the event of termination by Local Participant under this provision, <br />Local Participant shall be responsible for any cost incurred for its respective <br />portion of the project up to the date of termination. <br />Section 7. IMMUNITY. It is expressly understood and agreed that in the <br />execution of this Agreement, no party waives nor shall be deemed to waive any <br />immunity or defense that would otherwise be available to it against claims arising <br />in the exercise of governmental powers and functions. <br />Section 8. NOT A JOINT ENTERPRISE. This Agreement is not intended to <br />and shall not create a joint enterprise among any party to this Agreement. The <br />parties are undertaking governmental functions or services under this Agreement <br />and the purpose hereof is solely for the public good, rather than any pecuniary <br />purpose. A party undertaking work under this Agreement shall have a superior <br />right to control the direction and management of such work, except as may <br />otherwise expressly be provided herein. <br />