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RESOLUTION NO. 2011- 146 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A FIRST AMENDMENT TO A <br />CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN <br />THE CITY OF SAN MARCOS, TEXAS AND 401 NORTH <br />FREDERICKSBURG ACQUISITION, L.L.C. GRANTING AN <br />EXTENSION OF ONE YEAR FOR THE COMPLETION OF A LEED <br />CERTIFIED MULTI-FAMILY DEVELOPMENT ON APPROXIMATELY <br />2.712 ACRES OF LAND BOUNDED BY COMANCHE, <br />FREDERICKSBURG9 LINDSEY AND PAT GARRISON; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE SAID AGREEMENT; AND <br />DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached First Amendment to Chapter 380 Agreement between the <br />City of San Marcos, Texas and 401 North Fredericksburg Acquisition, L,L.C, (the <br />"Amendment") is hereby approved. <br />PART 2. The City Manager is authorized to execute the Amendment on behalf of <br />the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED this the I Sth day of November, 2011. <br />aniel Guerrero <br />Mayor <br />Attest; <br />