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RESOLUTION NO. 2024-14OR <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING A DEVELOPER PARTICIPATION <br /> AGREEMENT WITH LENNAR HOMES OF TEXAS LAND AND <br /> CONSTRUCTION, LTD., PROVIDING FOR THE CITY TO <br /> PARTICIPATE IN THE COST OF WATERLINE CONSTRUCTION <br /> ALONG STAPLES ROAD TO COVER THE COST OF ADDITIONAL <br /> IMPROVEMENTS NEEDED BY THE CITY IN AN AMOUNT NOT TO <br /> EXCEED $2,340,876.46; 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 with Lennar Homes of <br /> Texas Land and Construction, Ltd., providing for the City to participate in the cost of waterline <br /> construction along Staples Road to cover additional City costs in an amount not to exceed <br /> $2,340,876.46, 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 August 5, 2024 <br /> V <br /> Jane Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />