Laserfiche WebLink
<br /> 40 <br /> RESOLUTION 1996 - 180R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS, APPROVING AN ECONOMIC DEVELOPMENT CONTRACT, <br /> GUARANTY AND SECURITY AGREEMENT WITH X-SQUEEZE ME! JUICE <br /> INC.; AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br /> AGREEMENT ON BEHALF OF THE CITY AND DECLARING AN <br /> EFFECTIVE DATE. <br /> j <br /> RECITALS: <br /> 1. The City, through the HUD Economic Development Loan Program, wishes <br /> to provide a source of capital for start-up, expansion or retention of small businesses <br /> located in the City of San Marcos. <br /> 2. X-Squeeze Me! Juice, Inc., has applied for a $40,000.00 business start-up <br /> loan amount to begin operations as a tenant of the Corridor Business Incubator. <br /> 3. The City Council has previously approved X-Squeeze Me! Juice, Inc.'s <br /> application for HUD CDBG entitlement funds. <br /> BE IT RESOLVED BY THE CiTY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> PART 1. The terms and conditions of an Ecor.omic Development Agreement, <br /> Guaranty and Security Agreement with X-Squeeze Me! Juice, Inc., copies of which are <br /> attached and incorporated, are approved. <br /> PART 2. The City Manager, Larry D. Gilley, is authorized to execute the <br /> agreements on behalf of the City. <br /> .'- <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 October 1996. <br /> ~~~.~ <br /> Billy G. Moore <br /> Mayor <br /> -fa ~ Janis K. Womack <br /> City Secretsry <br /> ! <br /> ! <br /> l <br />