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<br /> 58 <br /> RESOLUTION NO. 1991 - 56R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS APPROVING THE SUBMISSION <br /> OF A PRE-APPLICATION TO THE TEXAS DEPARTMENT <br /> OF COMMERCE FOR THE TEXAS CAPITAL FUND LOAN <br /> PROGRAM IN CONNECTION WITH THE PROPOSED <br /> PURCHASE AND RENOVATION OF THE OLD CITY HALL <br /> BUILDING AT 224 NORTH GUADALUPE BY THE <br /> SOUTHWEST TEXAS STATE UNIVERSITY SUPPORT <br /> FOUNDATION 7 AND DECLARING AN EFFECTIVE DATE. <br /> VvHEREAS, the Southwest Texas State University Support <br /> Foundation (the "Foundation") is proposing to purchase and <br /> renovate the old City Hall building at 224 N. Guadalupe <br /> Street7 and, <br /> WHEREAS, the Foundation's proposed financing for this <br /> project includes a loan from the Texas Capital Fund Loan <br /> Program of the Texas Department of Commerce ("TDOC") 7 and, <br /> WHEREAS, the Foundation has requested the City to act as <br /> sponsor for the project in order to meet the TDOC requirement <br /> for a local governmental entity sponsor7 now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS: <br /> PART 1. That the submission by the City of a <br /> pre-application to the TDOC for the Texas Capital Fund Loan <br /> Program in connection wi th the proposed purchase and <br /> renovation of the old City Hall building at 224 North <br /> Guadalupe by the Foundation, a copy of which is attached to <br /> this resolution, is hereby approved. <br /> PART 2. That the Mayor, Kathy M. Morris, and the City <br /> Manager, Larry D. Gilley, be and they are hereby authorized <br /> to execute the attached pre-application on behalf of the <br /> City. <br /> PART 3. That this Resolution shall be in full force and <br /> effect immediately from and after its passage. <br /> ADOPTED this the May , 1991. <br /> Øi\. -~ <br /> ~~tr 17Ptr~ <br /> Janis K. ~vomack <br /> City Secretary <br /> . <br /> . I , <br />