Laserfiche WebLink
RESOLUTION NO. 2015-45R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A LOAN FORGIVENESS AGREEMENT <br />WITH THE TEXAS WATER DEVELOPMENT BOARD THAT <br />FORGIVES AN AMOUNT NOT TO EXCEED $401,915.00 OUT OF <br />$811,915.00 IN LOAN FUNDS TO THE CITY FROM THE CLEAN <br />WATER STATE REVOLVING FUND FOR THE DESIGN OF THE <br />CITY'S RECLAIMED WATER SYSTEM EXPANSION; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE SAID AGREEMENT ON BEHALF <br />OF THE CITY; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Loan Forgiveness Agreement with the Texas Water <br />Development Board (TWDB Commitment No. LF1000351, TWDB Project No. 73696 (lUP <br />Fiscal Year 2014), TWDB Resolution No. 14 -101, CFDA No. 66.458) is hereby approved. <br />PART 2. The City Manager is authorized to execute said Loan Forgiveness <br />Agreement on behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on April 7, 2015. <br />niel Guerrero <br />Mayor <br />Attest: <br />� f <br />Jami ee ttijoh <br />City Cl rk <br />