Laserfiche WebLink
RESOLUTION NO. 2024-113R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING A DEVELOPER PARTICIPATION <br /> AGREEMENT WITH PALACE WAY PARTNERS, LLC, PROVIDING <br /> FOR THE CITY TO PARTICIPATE IN THE COST OF EXTENDING <br /> WASTEWATER INFRASTRUCTURE TO PROVIDE ADDITIONAL <br /> CAPACITY TO THE AIRPORT AND FIRE TRAINING FACILITY <br /> PROPERTIES IN AN AMOUNT NOT TO EXCEED $450,000.00 BUT NO <br /> MORE THAN 50 PERCENT OF THE CONSTRUCTION COST FOR THE <br /> PROJECT; AUTHORIZING THE CITY MANAGER,OR HER DESIGNEE, <br /> TO EXECUTE SAID AGREEMENT ON BEHALF OF THE CITY; AND <br /> 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 with Palace Way Partners, <br /> LLC, providing for the City to participate in the cost of extending wastewater infrastructure to <br /> provide additional capacity to the Airport and Fire Training Facility properties in an amount not <br /> to exceed $450,000.00, but no more than 50% of the construction cost for the project, is hereby <br /> 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 July 2, 2024 <br /> ane Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />