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<br />I <br /> <br />RESOLUTION 2007 - 22 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, ACCEPTING THE GUARANTEED MINIMUM PRICE RECEIVED <br />FROM FLINTCO, INe. FOR THE SAN MARCOS CONFERENCE CENTER <br />PROJECT; AUTHORIZING THE CITY MANAGER TO ISSUE NOTICE TO <br />PROCEED ON BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE <br />DATE. <br /> <br />RECITALS: <br /> <br />I. In accordance with the process mandated in ~ 271.119 of the Texas Local Government <br />Code, the City entered into a design-build contract with Flintco, Inc. for the construction of the <br />San Marcos Conference Center. <br /> <br />2. The City selected design-build contractor, Flintco, Inc. has been approved by John Q. <br />Hammons as required under the City's Master Development Agreement with Mr. Hammons. <br />Mr. Hammons has accepted Flintco Inc.' s Guaranteed Minimum Price for the construction of the <br />hotel that is associated with the San Marcos Conference Center, and has issued, to Flintco, Inc., a <br />notice to proceed with the construction. <br /> <br />I <br /> <br />3. Flintco, Inc. has submitted to the City a Guaranteed Maximum Price (the "GMP") for <br />the construction of the San Marcos Conference Center. A copy of the GMP is attached to this <br />resolution. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS <br /> <br />PART 1. The Guaranteed Maximum Price submitted by Flintco, Inc. for <br />construction of the San Marcos Conference Center is approved. <br /> <br />PART 2. On behalf of the City, the City Manager, Dan O'Leary, is authorized to <br />issue a notice to proceed with the construction. <br /> <br />PART 3. <br />after its passage. <br /> <br />This Resolution shall be in full force and effect immediately from and <br /> <br />ADOPTED this the 24th <br /> <br />day of January <br /> <br />2007. <br /> <br />I <br /> <br />~~~ <br /> <br />Susan Narvaiz <br />Mayor <br />