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<br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS: <br /> 1. The City expresses its intent to purchase the <br /> System pursuant to LCRA's September 30, 1985, offer, subject to <br /> the following conditions: <br /> a. The recommendation of the City's engineering <br /> and legal consultants employed to evaluate and nego- <br /> tiate the purchase that the System be purchased. <br /> b. Mutual Agreements upon the terms and condi- <br /> tions of the various proposed agreements required for <br /> the purchase and outlined in the September 30, 1985, <br /> offer. <br /> c. Approval of the purchase by the City Council <br /> and the citizens of the City of San Marcos and by any <br /> applicable regulatory agencies. <br /> d. Ability of the City of San Marcos to reason- <br /> ably finance the purchase by debt financing. <br /> 2. The City requests that LCRA management present <br /> this Resolution to the LCRA Board of Directors and request the <br /> deadlines set forth in the LCRA September 30, 1985, offer be <br /> modified as expressed in this Resoltuion. <br /> PASSED THIS 18 DAY OF December , 1985. <br /> ---- ------- <br /> ----b-~----- <br /> l4ayor <br /> . <br /> ~ FORM: <br /> ---------~- <br /> City Attorney <br /> -2- <br />