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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 $685,839 OUT OF $5,445,839 IN PRINCIPAL FUNDS TO THE CITY FROM <br />THE CLEAN WATER STATE REVOLVING FUND TO FINANCE THE <br />CONSTRUCTION OF CERTAIN WASTEWATER SYSTEM IMPROVEMENTS; <br />AUTHORIZING THE CITY MANAGER OR MAYOR TO EXECUTE SAID <br />AGREEMENT ON BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE <br />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. L1000600, TWDB Project No, 73,696 (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: Mayorjety of San Marcos, Texas <br />Cleric `,City of San Marcos, Texas <br />APPROVED AS TO LEGALITY: <br />City Attor e/N, City of San Marcos, Texas <br />SANN1ARC0SAVWW81kev2017A: PFA ApprovalResoludonmpd <br />TWDB Commitment No. L1000600 <br />Exhibit B, Page 4 of 4 <br />