Laserfiche WebLink
RESOLUTION NO.2019-21R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING AN AMENDMENT TO THE CHAPTER <br /> 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT WITH <br /> URBAN MINING COMPANY AND URBAN MINING DEVELOPMENT <br /> LLC THAT EXTENDS THE DATE BY WHICH THE COMPANY SHALL <br /> BEGIN CONSTRUCTION OF ITS FACILITIES, PROVIDES FOR THE <br /> COMPANY TO DEDICATE LAND TO THE CITY FOR THE RATTLER <br /> ELECTRIC SUBSTATION AND PROVIDES FOR OFFSETS AGAINST <br /> ANY GRANT PAYMENTS DUE FOR ANY UNPAID AMOUNTS UNDER A <br /> CONTRIBUTION IN AID OF CONSTRUCTION AGREEMENT RELATED <br /> TO THE CONSTRUCTION OF SAID SUBSTATION;AUTHORIZING THE <br /> CITY MANAGER TO EXECUTE SAID AMENDMENT 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 Amendment to Chapter 380 Economic Development Incentive <br /> Agreement with Urban Mining Company and Urban Mining Development, LLC (the <br /> "Amendment") is hereby approved. <br /> PART 2.The City Manager is authorized to execute the Amendment on behalf of the City. <br /> PART 3.This resolution shall be in full force and effect from and after its passage. <br /> ADOPTED on January 29,2019. <br /> -1104s-c.AtueLidr11-11 <br /> Jane Hughson <br /> Mayor <br /> Attest: <br /> 1 • fix_ <br /> Jamie I ee Case <br /> erk <br />