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RESOLUTION NO. 2014 - 35R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AN INCREASE IN THE CITY'S <br />PARTICIPATION COST FROM $432,000.00 TO $697,050.00 UNDER AN <br />AIRPORT PROJECT PARTICIPATION AGREEMENT WITH THE TEXAS <br />DEPARTMENT OF TRANSPORTATION FOR THE DESIGN AND <br />CONSTRUCTION OF AN OVERLAY FOR RUNWAY 13 -31 AT THE SAN <br />MARCOS MUNICIPAL AIRPORT; AUTHORIZING THE CITY MANAGER <br />TO EXECUTE ALL SUPPLEMENTAL AGREEMENTS AND <br />AMENDMENTS WITH THE TEXAS DEPARTMENT OF <br />TRANSPORTATION AS NECESSARY AND APPROPRIATE CONSISTENT <br />WITH THIS RESOLUTION; AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. The City of San Marcos (the "City ") entered into an Airport Project Participation <br />Agreement with the Texas Department of Transportation ( "TXDOT) for improvements to the San <br />Marcos Municipal Airport, the general description of which is the design, engineering and <br />construction of an overlay for Runway No. 13 -31 (Project No. AP SAN MARCOS 3). <br />2. The City's original participation amount under the agreement was $432,000.00. <br />3. It is necessary to increase the City's participation amount to $697,050.00 due to <br />increased project costs. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. An increase in the City's participation amount in the project referenced above <br />from $432,000.00 to $697,050.00 is hereby approved. <br />PART 2. The City Manager is authorized to execute on behalf of the City all agreements <br />and amendments with TXDOT as necessary and appropriate consistent with this Resolution. <br />PART 3. This Resolution shall be in full force and effect immediately from and after its <br />passage. <br />1 <br />