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• RESOLUTION 2008-79R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE <br />CITY AND POST ROAD PARTNERS, L.L.C. FOR THE CONSTRUCTION OF <br />PUBLIC INFRASTRUCTURE IMPROVEMENTS INCLUDING A STORM <br />DRAINAGE SYSTEM TO SERVE THE MARLTON ESTATES SUBDIVISION <br />AND ADJACENT PROPERTY; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE THIS 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 <br />MARCOS, TEXAS: <br />PART 1. The attached Development Agreement between the City and Post Road <br />Partners, L.L.C. for the construction of public infrastructure improvements including a storm <br />drainage system to serve the Marlton Estates Subdivision and adjacent property is hereby <br />approved. <br />PART 2. The City's cost participation in the construction of the public <br />improvements in the amount of $104,741 is approved <br />PART 3. The City Manager, Rick Menchaca, is authorized to execute the <br />Agreement on behalf of the City. <br />PART 4. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED this the 3rd day of June, 2008. <br />Susan Narvaiz <br />Mayor <br />Attest: <br />Sherry Mas burn <br />City Clerk <br />• <br />