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• <br /> RESOLUTION NO. 2017- 84R <br /> AN RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, APPROVING A PRINCIPAL FORGIVENESS AGREEMENT WITH THE <br /> TEXAS WATER DEVELOPMENT BOARD THAT FORGIVES AN AMOUNT NOT TO <br /> EXCEED $961,821 OUT OF $1,961,821 IN PRINCIPAL FUNDS TO THE CITY FROM <br /> TILE CLEAN WATER STATE REVOLVING FUND TO FINANCE THE PLANNING, <br /> ACQUISITION AND DESIGN OF CERTAIN WASTEWATER SYSTEM <br /> IMPROVEMENTS; AUTHORIZING THE CITY MANAGER OR MAYOR TO <br /> EXECUTE SAID AGREEMENT ON BEHALF OF THE CITY; 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 Principal Forgiveness Agreement with the Texas Water <br /> Development Board (TWDB Commitment No. L1000601, TWDB Project No. 73,748 (IUP <br /> Fiscal Year 2017), TWDB Resolution No. 17-010, CFDA No. 66.458 is hereby approved in <br /> substantially final form. <br /> PART 2. The City Manager or Mayor is authorized to finalize with TWDB and <br /> execute said Principal Forgiveness 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 /> PASSED AND APPROVED on first and final reading on this May 2, 2017. <br /> ATTEST: <br /> A ' <br /> 4 <br /> City Cle Ci y of San Marcos, Texas <br /> APPROVED AS TO LEGALITY: <br /> / <br /> / <br /> City Attorneyttfof San Marcos, Texas <br /> SANNIARCOSAVVAVSKcv20i7B•PFA ApprovalResolution.wpd <br /> TWDB Commitment No.L1000601 <br /> Exhibit B,Page 4 of 4 <br />