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Res 2024-245 approving a five-year Ground Lease Agreement with Ted Breihan Electric Co, LLC to lease the city-owned property located at 118 South Edward Gary Street
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Res 2024-245 approving a five-year Ground Lease Agreement with Ted Breihan Electric Co, LLC to lease the city-owned property located at 118 South Edward Gary Street
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Resolutions
City Clerk - Type
Approving
Number
2024-245
Date
12/17/2024
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RESOLUTION NO. 2024-245R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING A FIVE-YEAR GROUND LEASE <br /> AGREEMENT WITH TED BREIAN ELECTRIC CO, LLC TO LEASE <br /> THE CITY-OWNED PROPERTY LOCATED AT 1.18 SOUTH EDWARD <br /> GARY STREET; AUTHORIZING THE CITY MANAGER, OR HER <br /> DESIGNEE, TO EXECUTE SAID LEASE AGREEMENT; 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 Ground Lease Agreement with Ted Breihan Electric Co,LLC, <br /> a Texas limited liability company (the "Lease Agreement") to lease the surface of City-owned <br /> property located approximately at 118 South Edward Gary Street in the City of San Marcos, for 5 <br /> years, being on property previously owned by the Union Pacific Railroad and part of previously <br /> leased property assigned by the Railroad to the City when the City purchased 1.813 acres from the <br /> Railroad in 2013, is approved. <br /> PART 2. The City Manager, or her designee, is hereby authorized to sign the Lease <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 December 17, 2024. <br /> ."" <br /> an�".e Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />
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