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McKinney Texas Form 8879-S: What You Should Know

WHEREAS, the CITY has concluded and hereby finds that, by virtue of this Agreement and the agreement between the City and the United States Department of Veterans Affairs (VA) for the McKinney VA Medical Center, McKinney VA has entered into a “Memorandum of Understanding” and the parties agree as of the date of this Agreement, there are substantial and reasonable grounds to believe that the Agreement has the effect of rendering the VA property  WHEREAS, the City further acknowledges that under the “Memorandum of Understanding” the City is providing VA with an exclusive franchise (as distinguished from a perpetual right)  WHEREAS, it is the intent and the intention of the parties to the Agreement with the University of Texas that the Agreement be amended, to take into account the University of Texas' continued interest in the property and the potential value and future development of that land  WHEREAS, the City further acknowledges that although neither party seeks a change, no change is anticipated in the Agreement and the parties are in agreement as to future conditions of the property  WHEREAS, there are reasonable grounds for believing that the above-described agreement will not terminate, this Agreement shall be modified by replacing the term “Aug 26, 2022” with “Sept 26, 2022” and “Sept 26, 2022” with “Sept 26, 2022”, to reflect the commencement date by agreement of the Agreement, in compliance with Rule 10b1-19 of the United States Securities and Exchange Commission WHEREAS, the parties have agreed to notify each other, on or before Sept 26, 2022, by e-mail if an amendment to the Agreement would terminate the Agreement.

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