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<br /> 166 <br /> RESOLUTION 1989-4lR <br /> A Rr:~()LUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, APPROVING AN APPLICATION FOR FUNDING <br /> FRm1 THE TEXAS CAPITAL FUND OF THE TEXAS COMMUNITY <br /> DEVELOPMENT PROGRAM, ADMINISTERED BY THE TEXAS <br /> DEPARTMENT OF COMtmRCE, AUTHORIZING THE MAYOR KATHY M. <br /> t'lORRI S, TO SIGN THE APPLICATION AND ALL PARTS <br /> THEREOF ON BEHALF OF THE CITY, AUTHORIZING THE CITY <br /> MANAGER TO ACT ON THE CITY'S BEHALF IN REGARD TO THE <br /> APPLICATION AND DECLARING AN EFFECTIVE DATE. <br /> WHEREAS, the City Council of the City of San Marcos expects to <br /> approve a reinvestment zone and tax abatement agreement with Rohr <br /> Industries, Inc., pertaining to the CTEC project; and, <br /> WHEREAS, the annexation process pertaining to the property to be <br /> included in the reinvestment zone which is the subject of the tax <br /> abatement agreement has begun; and, <br /> WHEREAS, the cost of providing water and wastewater facilities to <br /> serve the area mentioned above in this resolution is estimated to be <br /> ($1,455,600.00); and, <br /> 'íVHEREAS, the City Council desires to apply for funds from the <br /> Texas Capital Fund of the Texas Community Development program in order <br /> to secure funding for $500,000.00 of the estimated total cost of <br /> constructing the water and wastewater facilities for the aforementioned <br /> area; now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN HARCOS, <br /> TEXAS: <br /> PART 1. That the application for $500,000.00 in funds from the <br /> Texas Capital Fund 0 f the Texas Community Development program, <br /> administered by the Texas Department of Commerce, a copy of which is <br /> attached hereto and incorporated he~ein in its entirety, is hereby in <br /> all things approved. <br /> PART 2. That the Mayor, Kathy H. Morris, is authorized to sign <br /> the application and all parts thereof on behalf of the City. <br /> PART 3. That the City Manager, Larry Gilley, is hereby directed <br /> to submit said application on behalf of the City and he is hereby <br /> authorized to act on behalf of the City in all matters relating to this <br /> application. <br /> PART 4. That the City hereby agrees to comply with all assurances <br /> necessary for the City to secure the funds requested in said <br /> application and further agrees that if the City is awarded the grant <br /> that the City will comply with all requirements necessary to receive <br /> such funds and carry out the project. <br /> PART 5. That this Resolution shall be in full force and effect <br /> from and after its adoption. <br /> ADOPTED this 8 day of May 1989. <br /> Çj[.y $)9A: 4 / ~m~~ <br /> '/) .- 11 ~ MAYOR <br /> t..4A'l/A!. ~ <br /> J is K. Womack <br /> City Secretary <br />