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the City, the total appraised value of which (according to the Caldwell County Appraisal <br />District) is $8,316,748, to the State of Texas. <br /> <br /> PART 3. If the San Marcos Municipal Airport is chosen as the State Airport for <br />Central Texas, then as of the time of the transfer of the Property, the State will assume all <br />responsibility and liability for the Property. <br /> <br /> PART 4. If the San Marcos Municipal Airport is chosen as the State Airport for <br />Central Texas, then as of the.time of the transfer of the Property, the State will assume all <br />contracts of the City related to the San Marcos Municipal Airport. <br /> <br /> PART 5. If, after accepting the transfer of the Property, the State, for any reason, <br />decides to terminate the use of the Property as the State Airport in Central Texas, then the <br />Property and all improvements will revert back to the City of San Marcos. <br /> <br />PART 6. This resolution is effective immediately upon adoption. <br /> <br />ADOPTED on .~pr±l 19, 2004. <br /> <br />Attest: <br /> <br />City Clerk <br /> <br />Robert Habingreither <br />Mayor <br /> <br /> <br />