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RESOLUTION NO. 2020-86R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AN ADVANCE FUNDING AGREEMENT <br />WITH THE STATE OF TEXAS, ACTING THROUGH THE TEXAS <br />DEPARTMENT OF TRANSPORTATION (CSJ NO. 0016-03-114), FOR <br />DRAINAGE AND LANDSCAPING BETTERMENTS ALONG IH -35 <br />FROM SOUTH OF SH -80 (HOPKINS STREET) TO NORTH OF RM -12 <br />(WONDER WORLD DRIVE), WITH A PARTICIPATION AMOUNT BY <br />THE CITY OF $5,822,990.22; AUTHORIZING THE CITY MANAGER, OR <br />HIS DESIGNEE, TO EXECUTE SAID 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 Advance Funding Agreement with the State of Texas, acting <br />through the Texas Department of Transportation (CSJ No. 0016-03-114) (the "Agreement") is <br />approved. <br />PART 2. The City Manager, or his designee, is authorized to execute the Agreement <br />on behalf of the City. <br />PART 3. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on April 21, 2020. <br />' J a/� " "I 6K.-,,,/ <br />ane Hughson <br />Mayor <br />Ia <br />st: <br />my-�Cook <br />Interim City Clerk <br />