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<br /> 40 <br /> AMENDMENT NO. 1 <br /> TEXAS ECONOMIC DEVELOPMENT <br /> PROGRAM CONTRACT <br /> STATE OF TEXAS <br /> COUNTY OF HAYS <br /> The City of San Marcos and Environmental Projection <br /> Systems, Inc. (EPS), and Henry Oles, (GUARANTOR) do hereby <br /> agree to amend item 8 of Part IILB. of their original <br /> economic development program contract, approved and executed <br /> on April 30, 1989 regarding compliance audits to read as <br /> follows: <br /> 8. Allow City to perform an annual audit of EPS' <br /> compliance with its obligations under this Agreement; <br /> provided, that upon close-out of the City's related Contract <br /> No. 707202 with the Texas Department of Commerce, this <br /> provision shall no longer apply for the remainder of this <br /> Agreement. <br /> The parties agree that all of the remaining terms and <br /> conditions of the agreement shall remain in effect and <br /> continue to govern for the duration of the agreement. <br /> By the signing of this amendment, the parties hereto <br /> expressly understand and agree that this amendment shall <br /> become a part of the agreement identified above. <br /> WITNESS OUR HAND EFFECTIVE this 5th day of <br /> N()\7pmhpr , 1991. <br /> <br /> ENVIRONMENTAL PROJECTION <br /> CITY OF SAN MARCOS SYSTEMS, INC. <br /> , I /;Ø <br /> «: á;/J - ~ <br /> Larry D. ille City Manager <br />