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<br /> 19 <br /> RESOLUTION 1997-180 R <br /> <br /> A RESOLUTfON OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, APPROVING THE TERMS AND CONDITIONS OF A REVISED <br /> AGREEMENT BETWEEN THE CITY AND THE TEXAS DEPARTMENT OF <br /> TRANSPORTATION FOR RECONFIGURA TION OF THE IH-35 <br /> NORTHBOUND ENTRANCE AND EXIT RAMPS BETWEEN <br /> CENTERPOINT ROAD AND POSEY ROAD; AUTHORIZING THE CITY <br /> MANAGER TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY; <br /> AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. Tanger Properties Limited Partnership ("Tanger") has requested the Texas <br /> Department of Transportation ("TXDOT") to construct a ramp reconfiguration of the IH-35 <br /> Northbound entrance and exit ramps between Centerpoint Road and Posey Road in the <br /> City (the "Project"). <br /> 2. TXDOT will perform the Project under a contract with the City, with all costs <br /> for the Project being borne by Tanger under a separate contract with the City. <br /> 3. The City Council approved an Advance Funding Agreement with TXDOT and <br /> a letter agreement with Tanger in a resolution adopted September 8, 1997 regarding the <br /> Project. <br /> 4. TXDOT has requested City approval of a revised Advance Funding <br /> Agreement regarding the Project, and Tanger has reviewed and approved the revised <br /> agreement. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The terms and conditions of the Advance Funding Agreement attached <br /> to this Resolution between the City and TXDOT for the Project are approved. <br /> PART 2. The City Manager, Larry D. Gilley is authorized to execute this <br /> Agreement on behalf of the City. <br /> PART 3. This Resolution is in full force and effect immediately from and after its <br /> passage. <br /> ADOPTED this lOtaay of November ,1997. <br /> FJ~I~ <br /> Billy G. Moore <br /> Mayor <br /> ;J¡S!: V if <br /> .~ J ) Pvw-4, () {fyiM~ <br /> Janis K. Womack <br /> City Secretary <br />