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10. Regular Meeting August 11, 2003 Page 8 THE ALLOCATION OF REVOLVING LOAN FUNDS TO CERTAIN AIRPORT BUSINESSES; AUTHORIZING THE CITY MANAGER TO EXECUTE THE REVOLVING LOAN FUND AGREEMENTS; AND DECLARING AN EFFECTIVE DATE. Ms. Narvaiz moved for adoption of the Resolution and Mr. Taylor seconded the motion. Mr. Thomaides asked for an explanation of McKee Avionics evidence of payments. Mr. O'Leary stated one of the applicants needs to provide proof federal taxes and state taxes are current and City contractual obligations are met. The Council then voted unanimously for the adoption of Resolution. Mayor Habingreither introduced for consideration Item 17, removed from the consent agenda, adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AWARDING A CONSTRUCTION CONTRACT TO R.P. CONSTRUCTORS FOR THE IH 35 FAIRLAWN LIFT STATION IMPROVEMENTS PROJECT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE CONTRACT DOCUMENTS ON BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE DATE. Mr. Mihalkanin moved for adoption of the Resolution and Ms. Narvaiz seconded the motion. Mr. Thomaides asked for an explanation. Mr. O'Leary stated the proposed developments of Champion Park and Saddlebrook north of the Blanco River cannot be served by the existing Blanco River lift station and force mains. He stated this is for future growth. The Council then voted unanimously for the adoption of Resolution. Mayor Habingreither introduced for consideration Item 20, removed from the consent agenda, adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE SALE TO MICHAEL D. RAINOSEK OF A PARCEL OF REAL PROPERTY THAT WAS FORECLOSED FOR UNPAID TAXES, LOCATED OFF OF THE 300 BLOCK OF CHEATHAM STREET; AND DECLARING AN EFFECTIVE DATE. Ms. Narvaiz moved for adoption of the Resolution and Mr. Mihalkanin seconded the motion. Mr. Mihalkanin thanked Staff for the information, which was provided on the agenda request form. He stated the Council turned down the first bid, which was more than this bid. He stated he does not feel this Resolution should be approved. Ms. Narvaiz inquired as to the potential of getting more than this bid. Steven Byrd, Attorney with Linebarger, Goggan, Blair, Graham, Pena and Sampson, stated this property was foreclosed and was set for auction. He stated the City, SMCISD and County are now owners of the property. He stated he is obligated to move forward with the bids they receive. Mr. Montoya stated he wants to see this piece of property get back on the tax roll. Mr. Thomaides inquired whether the previous bidder could be contacted regarding their bid. Mr. Mihalkanin inquired whether contacting the