Res 2006-149 - Laserfiche WebLink

Home Browse Search

I I I RESOLUTION NO. 2006.{ 149 R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS APPROVING A FIRST AMENDMENT TO THE MASTER DEVELOPMENT AGREEMENT BETWEEN THE CITY AND JQH - SAN MARCOS DEVELOPMENT, LLC REGARDING THE HOTEL AND CONFERENCE CENTER PROJECT; AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. The City Council approved a Master Development Agreement with JQH - San Marcos Development, LLC on February 7, 2006 for the development of a hotel and conference center project (the "Project") on a fifteen acre site (the "Project Site") at the intersection ofIH-35 South and McCarty Lane. The agreement includes a deadline of September 15,2006 for the City and JQH to receive estimates of the cost of constructing the conference center and the hotel. 2. The contractor selected by the City and JQH to perform the construction, Flintco, Inc., will be receiving final subcontractor bids on September 18,2006 and has requested an extension until September 22, 2006 to provide compiled cost estimates to the City and JQH. Broaddus and Associates, the City's Owner Representative, has recommended granting this extension. 3. The City Council wishes to approve the attached First Amendment to the Master Development Agreement to extend the deadline for the City and JQH to receive the cost estimates to September 22, 2006, and to extend to October 3,2006 the deadline for JQH to "opt out" of the Project. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The terms and conditions of the attached First Amendment to Master Development Agreement are approved. PART 2. The City Manager, Dan O'Leary, and the City's attorneys, Mark Taylor and Pete Broderick, are authorized and directed to negotiate changes to and finalize the First Amendment to Master Development Agreement and Conference Center Lease Agreement and related documents in the manner they deem necessary and appropriate, and the City Manager, Dan O'Leary, is authorized to execute the final agreements and related documents, as changed and finalized, on behalf of the City. The City Manager's execution of the agreements shall be deemed to be conclusive evidence that the intent of this resolution is met and that the execution of the agreements was duly authorized by the City Council. PART 3. This resolution is effective immediately upon adoption. ADOPTED on September 19 J 2006. ~1~ Mayor Attest ~1 ~ Interim City Clerk