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<br /> 32 <br /> - <br /> RESOLUTION 1996 - R7R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> SAN MARCOS, TEXAS APPROVING A COMPROMISE <br />-- SETTLEMENT AGREEMENT BETWEEN THE SEGUIN <br />i STATE BANK & TRUST CO., THE CITY OF SAN MARCOS <br />I <br />; AN OTHER PARTIES CONCERNING THE PULS FAMILY <br /> TRUST; AUTHORIZING THE CITY MANAGER TO SIGN THE <br /> AGREEMENT; AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> ..' <br /> 1. A trust was established under the will of Edward Puis for money to be used for <br /> special care of cemetery lots which were purchased by the Puis family. Under this <br /> provision, the City became an "incidental beneficiary" of the trust. The Seguin State Bank <br /> & Trust Co., as the trustee of the trust, initiated legal action in Cause No. 3064, County <br /> Court-At-Law of Guadalupe County, and requested court approval to liquidate the trust. <br /> . <br /> 2. The City does not offer special care for cemetery lots since a uniform system <br /> of maintenance is followed for all lots with perpetual care rights. Under this Agreement the <br /> City has waived any claim to the trust upon liquidation for a release of the City from any <br /> obligations for special upkeep of the cemetery lots owned by the Puis family. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> ;EXAS: <br /> PART 1. That the attached Compromised Settlement Agreement is approved. <br /> PART 2. That the execution of the Agreement by the City Manager, Larry D. <br /> Gilley, is approved. <br /> PART 3. That this Resolution shall be in full force and effect from and after <br /> its passage. <br /> ADOPTED this 20th day of .May 1996. <br /> fJ~ ~. ~ <br /> Billy G. Moore <br /> Mayor <br /> ;Lw~ 1Ý~ <br /> Jc:nis K. Womack <br /> City Secret2ry <br />, <br />I <br />! <br />I <br />I <br />\ --- <br />