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CM-07-06-110ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY. Mayor Nyle Maxwell Mayor Pro -tem Alan McGraw Councilmembers Rufus Honeycutt Joe Clifford Carlos T. Salinas Scott Rhode Kris Whitfield City Manager James R. Nuse, P.E. City Attorney Stephan L. Sheets June 19, 2007 Jay Hudgins Leasing Broker St. Germain Street Investments, Inc. 8017 Mesa Drive, Suite 102 Austin, Texas 78731 This Letter of Understanding is in regards to the appraisal and inspection that will be conducted at the building located at 231 E. Main Street. 1. Our representatives are Jason Lee with Paul Hornsby & Company and Michael Young with McComis Inspections. They are scheduled to be on site on Wednesday, June 27, 2007. 2. Larry Madsen and/or Pete Dominguez with the City of Round Rock will be in attendance for the inspections. 3. The City of Round Rock will indemnify and hold the owner of the property harmless from and against Toss, liability, cost, damage or expense resulting from the negligence or willful misconduct of City of Round Rock, its agents, employees or contractors during such inspection and examination, and repair any and all physical damage done to the Property by the City of Round Rock, its agents, employees or contractors during such inspection and examination. 4. All inspections will be conducted so as not to unreasonably interfere with use of the property by the owner or its tenants. Agreed and Accepted City of Round Rock Date: CM/1- D7-0(40-110 CITY OF ROUND ROCK ADMINISTRATIVE DEPT., 221 East Main Street • Round Rock, Texas 78664 Phone 512.218.5401 • Fax 512.218.7097 • www.roundrocktexas.gov