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<br />59 <br /> <br />RESOLUTION NO. 1976-37-R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING A MEMORANDUM OF AGREE- <br />MENT BY AND BETWEEN THE CITY OF SAN MARCOS, TEXAS, <br />AND THE URBAN' RENEWAL AGENCY OF THE_CITY OF SAN MARCOS, <br />TEXAS, AND AUTHORIZING THE MAYOR TO EXECUTE' SAME IN <br />THREE COUNTERPARTS ON BEHALF OF THE CITY OF SAN MARCOS, <br />TEXAS. <br /> <br />I <br /> <br />WHEREAS, the Urban. Renewal Ag'ency of the City of San Marcos, Texas, <br />hereinafter referred to as the "Agency", has heretofore. entered into <br />that certain Neighbo.rhood. Development Program Master Agreement land <br />certain related Funding Agreements) with the United States of America <br />providing for financial assistance to the Agency under Title I of the <br />Housing Act of 1949, as amended., identified as Neighborhood Develop- <br />ment Program Master Agreement No. Tex. A-6 (LG) , dated May 2~, 1970, <br />Project No. Tex. A-6; and <br /> <br />WHEREAS, pursuant to the terms of. such. Agreements , and.a cooperation <br />contract between the City of San Marcos., Texas, hereinafter referred <br />to as the "City", and Agency, the City is obligated to pay one-fourth <br />of the net project cost through the furnishing of local grants-in-aid; <br />and <br /> <br />WHEREAS, the City and Agency contend. it has become necessary, due to <br />the substantial completion of proj ect urban renewal activities insofar <br />as same may be completed from a practical and financial standpoint, to <br />close out the project; and <br /> <br />WHEREAS, it has become necessary to .evaluate further. the continued <br />carrying out of the urban renewal' proj ect., hereinafter called "proj ect" <br />or "projects"; and <br /> <br />'I <br /> <br />WHEREAS, the City is willing to' assume additional obligations respecting <br />the carrying out of certain necessary duties and. responsibilities <br />imposed upon the Agency by the Neighborhood Development Program Agree- <br />ments relating to the disposal of project lands presently under the <br />control of the Agency; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />Section 1. That the pending proposed Memorandum. of_Agreement by and <br />between the Agency and the City is hereby in all respects approved. <br /> <br />Section 2. That the Mayor is hereby authorized and directed to <br />execute the said Agreement in three counterparts on' behalf of the <br />City and the City Secretary is hereby authorized and directed to <br />impress and attest the official seal' of the City on each such counter- <br />part and to forward such counterparts to-. the. Department of Hous ing and <br />Urban Development for concurrence on behalf. of the United States of <br />America, together with such other documents relative to the approval andl <br />execution of such counterparts as may be required by the United States <br />of America. <br /> <br />I <br /> <br />Section 3. That this Resolution shall become effective immediately <br />from and after its passage. <br /> <br />ADOPTED .hi, 14th d.y of 'un,. ~~~ <br /> <br /> <br /> <br />. Emmie Craddock <br />Mayor <br /> <br />AT;}ST:. '7'1 /1 "/ <br /> <br />~ <br /> <br />City Secretary <br />