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PART 1. The attached Fourth Amendment to the Master Development Agreement, <br />incorporating the Conference Center Lease Agreement is approved and the actions of the <br />City Manager, Dan O'Leary, in executing this agreement are hereby ratified. <br />PART 2. The City Council approves the attached Fourth Modification to the Chapter <br />380 Economic Development Grant and Loan Agreement between the City of San Marcos <br />and John Q. Hammons as the Trustee of the Revocable Trust of John Q. Hammons, dated <br />December 28, 1989, as amended and restated, for the development of the Hotel and <br />Conference Center Project. <br />PART 3. The City Council approves the attached Modification Agreement between <br />the City and John Q. Hammons as the Trustee of the Revocable Trust of John Q. <br />Hammons, dated December 28, 1989, as amended and restated. <br />PART 4. The City Manager, Dan O'Leary, is authorized to execute the attached <br />Fourth Modification to the Chapter 380 Economic Development Grant and Loan Agreement <br />and the attached Modification Agreement. <br />PART 5. This resolution is effective immediately upon adoption. <br />ADOPTED on October 16, 2007. <br />Ci2~~- ~.~,(,~ <br />Susan Narvaiz <br />Mayor <br />Attest: ,r <br />,~ - ~` r _ <br />h Ile Go JI win ~ <br />Y <br />Interim City Clerk <br /> <br />