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Res 2019-011/approving the Agreement Regarding Conveyance of Right of Redemption and Waiver of Agricultural Valuation
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Res 2019-011/approving the Agreement Regarding Conveyance of Right of Redemption and Waiver of Agricultural Valuation
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2/5/2019 11:01:24 AM
Creation date
1/28/2019 10:24:52 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2019-11
Date
1/15/2019
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1
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RESOLUTION NO.2019-11R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING AN AGREEMENT REGARDING <br /> CONVEYANCE OF RIGHT OF REDEMPTION AND WAIVER OF <br /> AGRICULTURAL VALUATION WITH HIGHPOINTE TRACE,LLC AND <br /> UMB BANK, N.A. IN CONNECTION WITH THE TRACE PUBLIC <br /> IMPROVEMENT DISTRICT;AUTHORIZING THE CITY MANAGER OR <br /> HIS DESIGNEE TO EXECUTE SUCH AGREEMENT ON BEHALF OF <br /> THE CITY; 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 attached Agreement Regarding Conveyance of Right of Redemption and <br /> Waiver of Agricultural Valuation is hereby approved. <br /> PART 2. The City Manager or his designee is authorized to execute such agreement on <br /> behalf of the City. <br /> PART 3. This resolution will be in full force and effect immediately from and after its <br /> passage. <br /> ADOPTED on January 15, 2019. <br /> 1 drt. 4 <br /> Jane Hughson <br /> Mayor <br /> Attest: <br /> 10 <br /> Jamie ,ee Case <br /> lerk <br />
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