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<br /> 71 <br /> RESOLUTION 1998- 175 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, APPROVING AMENDMENT NO.4 TO THE CONTRACT <br /> BETWEEN THE CITY AND THE TEXAS DEPARTMENT OF HOUSING <br /> AND COMMUNITY AFFAIRS FOR A GRANT TO ESTABLISH A SMALL <br /> BUSINESS INCUBATOR IN SAN MARCOS; AUTHORIZING THE MAYOR <br /> TO EXECUTE THIS AMENDMENT ON BEHALF OF THE CITY; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. On February 27, 1995 the City approved a contract between the City and the <br /> Texas Department of Housing and Community Affairs (UTDHCA") for a grant to establish <br /> a small business incubator ìn San Marcos. <br /> 2. On November 13, 1995 the City approved a contract amendment transferring <br /> certain rights and responsibilities to from TDHCA to the Texas Department of Commerce <br /> (UTDoC"). <br /> 3. The Texas Department of Commerce is know known as the Texas <br /> Department of Economic Development. <br /> 4. The City and the Texas Department of Economic Development have <br /> requested a contract amendment to reflect the events of the rehabilitation of the incubator <br /> property as they occurred and to reduce the amount of time the City must own and operate <br /> the facility as an incubator. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS: <br /> PART 1. The attached Amendment No.4 to the Agreement between the City <br /> and the Texas Department of Economic Development is approved. <br /> PART 2 The Mayor, Billy G. Moore, is authorized to execute the amendment <br /> on behalf of 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 14th day of September 1998. <br /> Fi~ ~. ~ <br /> Billy G. Moore <br /> Mayor <br /> Attest: W <br /> .. I ' ). I <br /> 1~.'~V <br /> Janis K. Womack <br /> City Secretary <br />