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• RESOLUTION 2011 -76 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 MCKEE <br />AVIONICS, INC., AND THE CITY OF SAN MARCOS, TEXAS, <br />MODIFYING THE MONTHLY PAYMENT, EXTENDING THE LOAN <br />TERM AND MODIFYING LOAN CONDITIONS; AUTHORIZING THE <br />CITY MANAGER TO EXECUTE THIS AGREEMENT ON BEHALF OF <br />THE CITY; AND DECLARING AN 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 McKee Avionics, Inc., are <br />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 June 21 , 2011. <br />a — C <br />�� aniel Guerrero <br />Mayor <br />Attest: <br />� Jam' Oee e i' h <br />City lerk <br />Y d: Cosentino <br />City Attorney <br />• <br />