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THE STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF WILLIAMSON §
RELEASE OF AGREEMENT
WHEREAS, by instrument dated February 16, 1982, the
Industrial Corporation of Georgetown, a Texas Corporation, herein
sometimes called Corporation, and the City of Georgetown, Texas,
a Texas municipal corporation, herein sometimes called City,
entered into a certain agreement for the purpose of constructing
twelve inch (12") sewer and water lines along the east right of
additional cost to construct twelve inch (1211) sewer and water
lines, and
WHEREAS, it was agreed therein that Corporation would not
develop or dispose of its property for residential purposes as
long as Corporation owned said property, and
WHEREAS, the Corporation has paid City the stun of $51,851 .5 0
cash in hand paid the receipt of which is hereby acknowledged for
the construction of said sewer and water lines, and it is not
intent of the City to further restrict the use cf said property
so as to prohibit the residential use thereof,
THEREFORE, KNOW ALL MEN BY THESE PRESENTS:
That, for and in consideration of the payment to City for
the sewer and water lines as contracted by the agreement dated
January 16, 1982, in the amount of $51,851.50 cash in hand paid,
City does hereby waive such restrictive covenant and hereby
releases and discharges the Corporation from the said agreement
and particularly that portion regarding development and
disposition of Corporation's property for residential purposes
and said agreement shall no longer be binding upon the
Corporation or City, and said land may be used for any lawful
purpose. Further, Corporation, its successors and assigns may
connect to said water and sewer lines but City makes no
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way line of FM 1460 and the west
line of an
approximately 90 acre
00
(o
tract of land owned by Corporation, and
qq
WHEREAS, by virtue of said
agreement
Corporation was to
0
Qreimburse
City for certain costs
therefor for the construction of
Q
six inch (611) sewer and water
lines and
City wo11d -pay the
additional cost to construct twelve inch (1211) sewer and water
lines, and
WHEREAS, it was agreed therein that Corporation would not
develop or dispose of its property for residential purposes as
long as Corporation owned said property, and
WHEREAS, the Corporation has paid City the stun of $51,851 .5 0
cash in hand paid the receipt of which is hereby acknowledged for
the construction of said sewer and water lines, and it is not
intent of the City to further restrict the use cf said property
so as to prohibit the residential use thereof,
THEREFORE, KNOW ALL MEN BY THESE PRESENTS:
That, for and in consideration of the payment to City for
the sewer and water lines as contracted by the agreement dated
January 16, 1982, in the amount of $51,851.50 cash in hand paid,
City does hereby waive such restrictive covenant and hereby
releases and discharges the Corporation from the said agreement
and particularly that portion regarding development and
disposition of Corporation's property for residential purposes
and said agreement shall no longer be binding upon the
Corporation or City, and said land may be used for any lawful
purpose. Further, Corporation, its successors and assigns may
connect to said water and sewer lines but City makes no
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