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06.05.18 Regular Meeting
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06.05.18 Regular Meeting
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City Clerk
City Clerk - Document
Minutes
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6/5/2018
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City Council Meeting Minutes June 5,2018 <br /> For: 7- Mayor Pro Tem Prewitt,Council Member Gonzales, Deputy Mayor Pro Tern <br /> Gregson, Council Member Derrick,Council Member Hughson, Mayor Thomaides <br /> and Council Member Mihalkanin <br /> Against: 0 <br /> 10. Consider approval of Resolution 2018-92R, approving the award of a contract to Denbow <br /> Company, Inc. for services to reroute storm water run-off from residential areas to Goers <br /> Creek for an amount estimated at $1,690,365.03; authorizing the City Manager or his <br /> designee to execute the said agreement on behalf of the City and declaring an effective <br /> date. <br /> 11. Consider approval of Resolution 2018-93R, approving the award of a Construction <br /> Contract to Cox Commercial Construction, LLC., for the Victory Gardens Neighborhood <br /> Improvements Project for the estimated amount of $8,260,891.20; authorizing the City <br /> Manager or his designee to execute the said agreement on behalf of the City and <br /> declaring an effective date. <br /> 12. Consider approval of Resolution 2018-94R, approving the change of the Fuel Flowage <br /> Fee rate for the San Marcos Regional Airport from 4% of the cost of fuel delivered to <br /> $0.09 per gallon of fuel delivered; and declaring an effective date. <br /> 13. Consider approval of Resolution 2018-95R, approving a subordination agreement with <br /> Goldman Sachs Mortgage Company and JPMorgan Chase Bank that subordinates the <br /> City's Deed of Trust lien against the Embassy Suites Hotel Property securing a note in <br /> the principal amount of $1,500,000 to the lien of such entities securing their loan to JDHQ <br /> Hotels, LLC. (a subsidiary of Atrium Hospitality) for the purchase of the hotel from <br /> JQH-San Marcos Development (a subsidiary of John Q. Hammons Hotels and Resorts); <br /> authorizing the City Manager to execute the subordination agreement on behalf of the <br /> City; and declaring an effective date. <br /> A motion was made by Deputy Mayor Pro Tem Gregson,seconded by Council <br /> Member Hughson,to postpone Resolution 2018-95R to the June 19,2018 City <br /> Council meeting and discuss during executive session in accordance with <br /> Section 551.071 of the Local Government Code: Consultation with Attorney. <br /> The motion carried by the following vote: <br /> For: 7- Mayor Pro Tem Prewitt, Council Member Gonzales, Deputy Mayor Pro Tern <br /> Gregson, Council Member Derrick, Council Member Hughson, Mayor Thomaides <br /> and Council Member Mihalkanin <br /> Against: 0 <br /> 14. Consider approval of Resolution 2018-96R, approving a loan assignment and <br /> assumption agreement between the City, JQH-San Marcos Development, LLC. (a <br /> subsidiary of John Q. Hammons Hotels and Resorts) and JDHQ Hotels LLC. (a <br /> subsidiary of Atrium Hospitality) that assigns the duties and obligations of JQH <br /> Development LLC under various loan documents with the City related to the development <br /> of the Embassy Suites Hotel and Conference Center to JDQH Hotels, LLC. in connection <br /> City or Sen Marcos page 5 <br />
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