Laserfiche WebLink
RESOLUTION 2011 - 6 0 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF A <br />REVOLVING LOAN MODIFICATION AGREEMENT WITH GRYPHON, <br />INC., DIB /A TEXAS STATE AVIATION AND THE CITY OF SAN <br />MARCOS, TEXAS, MODIFYING THE MONTHLY PAYMENT, <br />EXTENDING THE LOAN TERM AND MODIFYING LOAN <br />CONDITIONS; 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 terms and conditions of the attached Revolving Loan Modification <br />Agreement (the "Agreement ") between the City of San Marcos and Gryphon, Inc. d /b /a/ Texas <br />State Aviation are approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on May 17, 2011. <br />`T <br />Z ��,,iel Guerrero <br />Mayor <br />Attest: <br />�vw <br />mie Lee Pettijohn <br />City Clerk <br />Approved: <br />Michael Cosentino <br />City Attorney <br />