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RESOLUTION NO. 2018-185R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AN AGREEMENT WITH THE <br />GREATER SAN MARCOS ECONOMIC DEVELOPMENT <br />CORPORATION (GSMP) FOR ECONOMIC DEVELOPMENT <br />SERVICES, PROVIDING FOR PAYMENTS FOR SUCH SERVICES IN <br />THE AMOUNT OF $375,000 PER YEAR OVER A TERM OF THREE, <br />YEARS, WITH AN OPTION TO RENEW FOR THREE ADDITIONAL <br />YEARS; AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />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 Agreement between the City of San Marcos and the Greater <br />San Marcos Economic Development Corporation for Economic Development Services (the <br />Agreement ") is hereby approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />City. <br />PART 3. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on October 1, 2018. <br />John omaides <br />Mayor <br />A t: <br />Jamie e Case <br />City CLe k <br />