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<br /> 78 <br /> RESOLUTION 1986-79R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, AUTHORIZING THE SUBMISSION OF A TEXAS <br /> C OMt1 UN ITY DEVELOPMENT PROGRAM GRANT APPLICATION TO THE <br /> TEXAS DEPARTM~T OF COt1MlINITi AFFAI RS FOR THE ECONOMIC <br /> DEVELOPMENT FUND; AUTHORIZING THE CITY MANAGER TO ACT <br /> AS THE CITY"S EXECUTIVE OFFICER AND AUTHORIZED <br /> REPRESENTATIVE IN ALL MATTERS PERTAINING TO THE CITY"S <br /> PARTICIPATION IN THE C~1UNITY DEVELOPMENT PROGRAM; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> WHEREAS, the City Council of the City of San Marcos des ires to <br /> develop a viable urban commun i ty, including a su i table 1 ì vi ng <br /> environment and expanding econom i c opportunities, principally for <br /> persons of low and moderate income; and, <br /> WHEREAS, it is necessary and in the best interests of the City of <br /> San Marcos to avail i t se if of the 1986 Texas Community Development <br /> Program; now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. That a Texas Community Development Program appl ication <br /> for economic development is hereby authorized to be filed on behalf <br /> of the Ci ty wi th the Texas Department of Community Affairs. <br /> PART 2. That the appl ication be placed in competition for <br /> funding through the Economic Development Fund. <br /> PART 3. Tha.t the appl ication be for $147,000.00 of grant <br /> funds, $127,000.00 of which shall be loaned to the Ember Company for <br /> equipment purchase and worKing cap i tal at a rate and term to be <br /> negotiated between the Ci ty and the Ember Company. <br /> PART 4. That the Ci ty Counc i } d i reets and designates the <br /> City Manager as the Ci ty"s Chief Execut i ~'e Officer and Authorized <br /> Representati!,le to aet in a!} matters in connee t ion wi th this <br /> ap p 1 i cat i on and the Ci ty of San t1arcos" participation in the <br /> Texas Community Development Program. <br /> PART 5. That th i s Resolution shall be in full force and effect <br /> from and after its passage. <br /> PASSED AND APPROVED this day of July, 1986. <br /> J.E. ~~ <br /> t1ayor <br /> Att7ft: . I)~/!/" / <br /> ~I 1 ;) Jf ;ø!Jrru J2 <br /> £:, v(L/}1. (' // , L' '....-/ <br /> anis 1<. Womack <br /> City Secretary <br />