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• RESOLUTION 2011 - 51 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A SECOND AMENDMNET TO A <br />CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE <br />AGREEMENT BETWEEN THE CITY OF SAN MARCOS AND STONE <br />CREEK CROSSING, L.P. THAT REDUCES THE MAXIMUM <br />REIMBURSABLE AMOUNT OF CITY FUNDS FROM $6,000,000.00 TO <br />$4,000,000.00; AUTHORIZING THE CITY MANAGER TO EXECUTE <br />THIS AGREEMENT ON BEHALF OF THE CITY; AND DECLARING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Second Amendment to Chapter 380 Economic Development <br />Incentive Agreement between the City of San Marcos and Stone Creek Crossing, L.P. (the <br />"Agreement ") is approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />City. <br />0 PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on May 3, 2011. <br />Daniel Guerrero <br />Mayor <br />Attest: <br />Jamie ee Pettijo <br />Clerk <br />• <br />