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<br /> 120 <br /> RESOLUTION 1995- 80 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS <br /> OF A REAL ESTATE CONTRACT BETWEEN THE CITY AND <br /> TERRY PAUL GILMORE FOR PURCHASE BY THE CITY OF THE <br /> PROJECT SITE FOR THE SMAll BUSINESS INCUBATOR; <br /> AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br /> AGREEMENT ON BEHALF OF THE CITY; AND DECLARING AN <br /> EFFECTIVE DATE. <br /> RECITALS: <br /> 1. The City has executed contracts with the Texas Department of Housing and <br /> Community Affairs and the San Marcos Industrial Foundation for the rehabilitation of the <br /> real property described in the attached Real Estate Contract and the operation on the <br /> property of a small business incubator. <br /> 2. The City and the owner of the property, Terry Paul Gilmore, have agreed to the <br /> terms of purchase of the property as described in the attached contract. <br /> I <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY<OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. That the terms and conditions of the Real Estate Contract attached to this <br /> Resolution between the City and Terry Paul Gilmore for purchase by the City of the project <br /> site for the small business incubator are approved. <br /> PART 2. That the City Manager, Larry D. Gilley, is authorized to execute this <br /> Agreement and other related documents on behalf of the City. <br /> PART 3. That this Resolution is in full force and effect immediately upon :its <br /> passage. I <br /> : <br /> ADOPTED this 24th day of April ,1995. <br /> \~~~t~.~ <br /> Mayor <br /> Attest: . <br /> q tÞ» if :1!øil# <br /> Janis K. Womack <br /> City Secretary <br /> I I <br /> I I <br /> , <br />