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<br />19 <br /> <br />RESOLUTION NO. 1977-28-R <br /> <br />A REroLUTICN OF TIlE CITY COUNCIL OF THE CITY OF SAN MAICOS, <br />TEXAS, AUTHORIZIN3 THE MAYOR OF SAID CITY 'ID EXECUTE AN <br />AGREEMENT WITH THE SAN MAICOS CONSOLIDATED INDEPENDENT SCHOOL <br />DISTRICT FOR PAYMENT IN LIEU OF TAXES FOR TAX YEI\RS 1966-1975, <br />SAID PAYMENT TO CONSIST OF CERl'AIN CONSTRUCTION AND MAINl'ENANCE <br />COSTS PERI'AINING 'ID PETER GARZA LANE. <br /> <br />I <br /> <br />;'IHEREAS, the City of San Marcos desires to be released from payment <br /> <br />of payments in lieu of taxes, including principal and interest, to <br /> <br />the San Marcos Consolidated Independent School District for tax years <br /> <br />1966-1975; and <br /> <br />WHEREAS, the San Marcos Consolidated Independent School District <br /> <br />desires to release said payment in lieu of tax payments in lieu of <br /> <br />certain construction and maintenance costs incurred by the City per- <br /> <br />taining to Peter Garza Lane; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, 'I'EXAS: <br /> <br />Part 1. ~-,hat the Mayor of the City of San Marcos, Texas, Dr. Enunie <br /> <br />I <br /> <br />Craddock, or her successor be, and is hereby, authorized to execute <br /> <br />on behalf of the City of San Marcos that certain contract attached <br /> <br />hereto and being incorporated herein for all intents and purposes. <br /> <br />Part 2. ~hat this Resolution shall be in full force and effect <br /> <br />immediately from and after its passage. <br /> <br />ADOPTED this 25th day of <br /> <br /> <br />A.D., 1977. <br /> <br /> <br />cr~ <br /> <br />~k <br /> <br />Joriss Hambrick <br />I City Secretary <br /> <br /> <br />:z:i~ <br /> <br />Charles E. Evans <br />City Attorney <br />