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Res 2022-069R/Approving a developer participation agreement with Holman-Farrar holding LLC providing for the city to participate in the cost
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Res 2022-069R/Approving a developer participation agreement with Holman-Farrar holding LLC providing for the city to participate in the cost
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3/17/2023 1:43:55 PM
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9/15/2022 8:42:21 PM
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RESOLUTION NO. 2022-69R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A DEVELOPER PARTICIPATION <br />AGREEMENT WITH HOLMAN-FARRAR HOLDINGS, LLC <br />PROVIDING FOR THE CITY TO PARTICIPATE IN THE COST OF <br />EXTENDING WASTEWATER INFRASTRUCTURE TO THE OLD <br />RANCH ROAD 12 STORAGE SITE IN AN AMOUNT NOT TO EXCEED <br />$500,000.00; AUTHORIZING THE CITY MANAGER, OR HER <br />DESIGNEE, TO EXECUTE SAID AGREEMENT ON BEHALF OF THE <br />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 Developer Participation Agreement is hereby approved. <br />PART 2. The City Manager, or her designee, is authorized to execute said 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 5, 2022. <br />16Y-� <br />ane Hughson <br />Mayor <br />Att t• <br />7 <br />lamtmy . Cook <br />City erk <br />
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