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Res 2017-043/approving a participation agreement with Lazy Oaks Ranch, LP providing for the City to participate in the cost of oversizing certain Public Water System improvements in an amount not to exceed $1,028,631
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Res 2017-043/approving a participation agreement with Lazy Oaks Ranch, LP providing for the City to participate in the cost of oversizing certain Public Water System improvements in an amount not to exceed $1,028,631
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3/10/2017 1:42:45 PM
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3/10/2017 1:07:55 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2017-43
Date
3/7/2017
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RESOLUTION NO. 2017-43R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING A PARTICIPATION AGREEMENT <br /> WITH LAZY OAKS RANCH, LP PROVIDING FOR THE CITY TO <br /> PARTICIPATE IN THE COST OF OVERSIZING CERTAIN PUBLIC <br /> WATER SYSTEM IMPROVEMENTS IN AN AMOUNT NOT TO <br /> EXCEED $1,028,631 IN CONNECTION WITH THE LA CIMA <br /> DEVELOPMENT PROJECT; AUTHORIZING THE INTERIM CITY <br /> MANAGER TO EXECUTE SAID AGREEMENT; AND DECLARING AN <br /> EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached Participation Agreement (the "Agreement"), is hereby <br /> approved. <br /> PART 2. The Interim City Manager is authorized to execute the Agreement on <br /> 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 March 7, 2017. <br /> (2d1"-- <br /> John Thomaides <br /> Mayor <br /> Attest: <br /> Jam'- Lee Case <br /> City C'erk <br />
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