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RESOLUTION NO. 2021-123R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS RATIFYING A DEVELOPER PARTICIPATION <br />AGREEMENT WITH SML OWNER 1, LLC FOR THE CITY TO <br />PARTICIPATE IN THE COST OF REPLACING A SECTION OF A <br />WATER MAIN IN THE VICINITY OF THE LOFTS I AND 11 <br />APARTMENTS BOUNDED BY WEST SAN ANTONIO, WEST HOPKINS <br />AND FREDERICKSBURG STREETS FOR AN AMOUNT NOT TO <br />EXCEED $200,000.00; AUTHORIZING THE CITY MANAGER, OR HIS <br />DESIGNEE, TO EXECUTE SAID AGREEMENT; 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 Developer Participation Agreement is hereby approved. <br />PART 2. The City Manager, or his designee, is hereby authorized to sign said <br />agreement on behalf of the City. <br />PART 3. This resolution shall become effective immediately from and after its <br />passage. <br />ADOPTED on July 6, 2021. <br />J-041%� <br />Jane Hughson <br />Mayor <br />Attest: <br />I lammy <br />I i _Yx. Cook <br />Interim City Clerk. <br />