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<br />237. <br /> <br />RESOLUTION NO. 2001 - <br /> <br />220 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS APPROVING AN OVERSIZE REIMBURSEMENT AGREEMENT WITH <br />CAPSTONE DEVELOPMENT CORPORATION RELA TED TO THE <br />RIVERSIDE/MKT WASTEWATER INTERCEPTOR PROJECT; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE THE AGREEMENT; AND DECLARING <br />AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. Capstone Development Corporation (the "Developer") is in the process of constructing <br />the Bobcat Village apartment project for the Texas State University System Foundation on the <br />property known as the Satterwhite property near the intersection of Aquarena Springs Drive and Mill <br />Street. <br /> <br />2. There is inadequate capacity for the apartment project in the wastewater facilities that <br />presently serve this property, and the City desires to have the Developer construct the <br />Riverside/MKT Wastewater Interceptor Project (the "Project") to provide wastewater capacity for <br />the apartment project and for other future public needs. <br /> <br />3. The attached oversize reimbursement agreement provides for the terms and conditions <br />under which the Developer will construct the Project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The attached oversize reimbursement agreement between the City and the <br />Developer for the construction of the Project is approved. <br /> <br />PART 2. <br />behalf of the City. <br /> <br />The City Manager, Larry D. Gilley, is authorized to execute the agreement on <br /> <br />PART 3. <br /> <br />This Resolution is in full force and effect from and after its passage. <br /> <br />ADOPTED on December 1 7, 2001. <br /> <br />/-7~~ <br /> <br />David Chiu <br />Mayor <br /> <br />Attest: <br /> <br /> <br />,JXf. (' .) <br />\/\' <br />K. Womack <br />City Clerk <br /> <br />C:\TEMP\Capstone-Bobcat oversize K.doc <br /> <br />