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RESOLUTION NO. 2018-153R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS,TEXAS RATIFYING THE ACCEPTANCE OF A GRANT AWARD <br /> IN THE AMOUNT OF$50,000 FROM THE JACOB AND TERESE HERSHEY <br /> FOUNDATION TO BE APPLIED TOWARD THE SECOND LEASE <br /> INSTALLMENT DUE TO THE TRUST FOR PUBLIC LAND UNDER THE <br /> LEASE-PURCHASE AGREEMENT FOR THE GRADY EARLY TRACT; <br /> AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE <br /> ANY AND ALL DOCUMENTS AS NECESSARY TO IMPLEMENT THE <br /> GRANT AWARD; 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 acceptance of a grant award in the amount of$50,000 from the Jacob and <br /> Terese Hershey Foundation to be applied toward the second lease installment due to the Trust for <br /> Public Land under the Lease-Purchase Agreement for the Grady Early tract is hereby ratified. <br /> PART 2. The City Manager, or his designee, is hereby authorized to execute any and all <br /> documents as necessary to implement the grant award. <br /> PART 3. This resolution shall be in full force and effect immediately from and after its <br /> passage. <br /> ADOPTED on September 4. 2018. <br /> Jo homaides <br /> Mayor <br /> Attest: vk <br /> 1 % % I • <br /> Jamie tee Case <br /> C -rk <br />