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RESOLUTION NO. 2010-166R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A CHAPTER 380 ECONOMIC <br />DEVELOPMENT AGREEMENT BETWEEN THE CITY OF SAN <br />MARCOS, TEXAS AND BOLTON REAL ESTATE INVESTMENTS, <br />L.L.C., PROVIDING FOR AN ECONOMIC DEVELOPMENT <br />INCENTIVE IN THE FORM OF A FIVE YEAR FORGIVABLE LOAN IN <br />THE AMOUNT OF $75,000.00 FOR IMPROVEMENTS TO A FACILITY <br />FOR THE OPERATION OF A MEDICAL SERVICES AND <br />CONSULTING BUSINESS; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE SAID AGREEMENT; AND DECLARING AN EFFECTIVE <br />DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The terms and conditions of the attached Chapter 380 Agreement between <br />the City of San Marcos, Texas and Bolton Real Estate Investments, L.L.C. (the "Agreement') are <br />hereby approved. <br />PART 2. The Interim City Manager, Laurie Moyer, is authorized to execute the <br />- Agreement on behalf of the City. <br />5 <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED this the 1st day of November, 2010. <br />t Narvaiz <br />Mayor <br />