Res 2022-224R/approving an Interlocal Funding Agreement with Hays County that provides for the joint funding of improvements to the Five-Mile Dam Soccer Complex

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INTERLOCAL FUNDING AGREEMENT This Funding Agreement (the "Agreement") is made and entered into to be effective as of , 2022 between Hays County, a political subdivision of the State of Texas (the "County"), 712 South Stagecoach Trail, Suite 2057, San Marcos, Texas, 78666 and The City of San Marcos, a Texas Home Rule Municipality, (the "City"), 630 E. Hopkins, San Marcos, Texas 78666, in an effort to make improvements to Five Mile Dam Park. County and City may be referred to, collectively, as "the Parties" or "the Parties to this Agreement." RECITALS WHEREAS, Hays County and the City of San Marcos came together in 2005 to work in collaboration on the development of County -owned Property now known as Five Mile Dam Park ("the Property"), a map of which is attached hereto as Exhibit "A"; and WHEREAS, the City agreed to operate and maintain the Property once it had been satisfactorily completed including keeping the site free from accumulations of trash and rubbish and proved routine maintenance to the fields, irrigation system and lighting of the complex; and WHEREAS, Hays County and the City of San Marcos recognize the need to make some improvements to the Property including expanding the field lighting and the lighting in parking areas, as well as minor building improvements; and WHEREAS, the County wishes to contribute funding not to exceed the Four Hundred Thousand dollars ($400,000.00 USD), funding collected from interest savings on the 2007 Parks and Open Space Bond, toward such improvements to the Project; and WHEREAS, the City wishes to obtain, manage and oversee the contractors needed to complete the agreed upon improvements, and to contribute matching funds in the amount of Three Hundred and Ninety -Two Thousand dollars ($392,000.00 USD); NOW, THEREFORE, in consideration of the foregoing and the mutual promises and obligations of the Parties in this Agreement, the County and City agree as follows: ARTICLE 1 PURPOSE The purpose of this Agreement is to set forth the terms and conditions under which the County will provide funding in an amount not to exceed the Four Hundred Thousand dollars ($400,000.00 USD) for the following improvements to the Property: 1) Installation of lighting on Fields Seven and Eight, 2) Retrofitting of LED lighting on existing field lights (Fields Five and Six), and the following optional improvements, as availability of funding provides, 3) Installation of lighting in the western portions) of the parking area, 4) repair and/or removal of existing alternative energy improvements, and 5) expansion of storage outbuildings in support of operations (collectively, "the Improvements"). ILFA - Five Mile Dam Page 1