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RESOLUTION NO. 1977-49-R 153 I I A RESOLUTION OF THE CITY COUNCIL OF THE C,ITY OF SAN MARCOS, TEXAS, APPROVING A LEASE AGREE~ ME NT BETWEEN THE CITY OF SAN MARCOS AND THE SAN MARCOS AREA CHAMBER OF COMMERCE, INCORPORATED, WHEREBY A SPECIFIED TRACT OF CITY PROPERTY IS TO BE RENTED TO THE CHAMBER FOR A PERIOD OF FIFTY YEARS WITH ALL IMPROVEMENTS MADE THEREON TO REVERT TO THE CITY UPON CONTRACT TERMINATION; AND AUTHOR~ IZING THE MAYOR TO EXECUTE SAID LEASE AGREEMENT ON BEHALF OF THE CITY. WHEREAS, the San Marcos Area Chamber of Commerce, Incorporated, has requested the use of a tract of City property for the construction and operation of its Chamber offices; and, WHEREAS, the City Council of the City of San Marcos desires to encourage the growth and development of the City of San Marcos resulting from Chamber of Commerce activities; and, WHEREAS, an agreement has been reached between the City and Chamber of Commerce based upon a fair and reasonable financial and commu.nity benefit return from the useage of said property by the Chamber of Commerce; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: I Part 1. That the lease agreement between the City of San Marcos, Texas, and the San Marcos Area Chamber of Commerce for the rental of a tract of City property in exchange for the reversion to the City of improve- ments placed thereon; and other rental payments, a 'copy of said lease agreement being attached hereto and incorporated herein for all intents, and purposes, be, and is hereby, in all things approved. Part 2. That the Mayor, Mr. Frank T. Arredondo, or his successor, be, and is hereby authorized to execute said lease agreement on beh:~lf of the City of San Marcos. Part 3. That this Resolution shall become effective immediately from and after its passage. ADOPTED this 17th day of M{)j;. -e>a..~ '" ~d~ . Mayor ATTEST~ ~ . ,~~ ~~iSS Hambrick City Secretary I ii1~ Charles E. Evans City Attorney