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98. RESOLUTION NO. 2004-125 R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS EXPRESSING SUPPORT FOR A PROPOSED HOTEL AND CONFERENCE CENTER DEVELOPMENT; AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. WHEREAS, Mr. John Q. Hammons has proposed a public-private partnership with the City of San Marcos for the development of a hotel and conference center in San Marcos; and 2. WHEREAS, the City Council and City staff are negotiating the terms under which the hotel and conference center would be constructed, maintained, and operated; and 3. WHEREAS, the hotel and conference center would directly benefit the San Marcos community by increasing tourism, offering employment opportunities, providing sales tax and other tax revenues from the hotel and conference center, and expanding the property tax base; and 4. WHEREAS, the hotel and conference .center would also indirectly benefit the San Marcos community by promoting San Marcos as a tourism and conference destination, increasing sales tax and other tax revenues and providing employment opportunities from increased business activity in other areas of the City, and increasing the exposure of tourists and conference attendees to unique aspects of San Marcos, including the historic downtown area and the San Marcos Springs, Spring Lake, and the San Marcos River; and 5. WHEREAS, the City Council recognizes the significant ecological value of the San Marcos Springs, Spring Lake, and the San Marcos River, and the stewardship role regarding these resources that the City has historically assumed; and 6. WHEREAS, the City Council recognizes that the proposed location of the hotel and conference center and other related development, including a possible golf course, above Spring Lake is an environmentally sensitive setting, and requires the hotel and conference center and the related development to be planned, designed, constructed, operated and maintained in a manner that protects the San Marcos Springs, Spring Lake, and the San Marcos River; and 7. WHEREAS, the City Council believes that the City's involvement in a public-private partnership in the development and operation of the hotel and conference center provides a unique opportunity for the City to participate in an environmentally sound development in character with the City's stewardship role; and 8. WHEREAS, the City Council wishes to express support for the hotel and conference center, to be developed in an environmentally sound manner; now, therefore