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02-14-22
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02-14-22
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9/25/2022 11:39:33 PM
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Agenda Packet
Date
2/14/2022
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Section14.Captions. <br />The captions to the various clauses of this Agreement are for informational purposes only and shallnot <br />alterthesubstanceoftheterms and conditionsofthisAgreement. <br />Section15.SuccessorsandAssigns. <br />The termsand conditions of this Agreement are binding upon the successors and assigns of all partieshereto. <br />This Agreement SHALL NOT be assigned by DEVELOPER to any other person or entity,without prior, <br />written CITY approval. Written approval of the CITY shall be required for anassignment to an <br />Affiliate of DEVELOPER, but in such case approval shall not be unreasonablywithheld. "Affiliate of <br />DEVELOPER," as used herein, is defined as aparent, sister, partner, jointventure, or subsidiary entity <br />of DEVELOPER; any entity in which DEVELOPER is a majorshareholder,ownsanequityinterest,or <br />isajointventureorpartner(whethergeneralorlimited). <br />Section16.EntireAgreement. <br />This Agreement embodies the complete agreement of the parties hereto regarding waiver of paymentof the <br />fair marketvalue to close the Right-of-Wayin connectionwiththeProject, supersedingall oralor written <br />previous and contemporary agreementsbetweenthe parties, and except as otherwiseprovided herein <br />cannot be modified without written agreement of the parties to be attached to andmadeapartofthis <br />Agreement. <br />CITYOFLAPORTE, TEXAS <br />EXECUTED THIS ___ day of <br />_____________,2022,by CITY,signing <br />byandthrough itsCityManager. <br />___________________________________ <br />OaklandLand&Development.Inc. <br />EXECUTED THIS ___day of <br />____________2022, by Jeff Burkhalter <br /> __________________________________ <br />
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