Res 2007-196 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 2007- 196 R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS. APPROVING AMENDMENT #1 TO THE ADVANCED FUNDING AGREEMENT BETWEEN THE CITY AND TXDOT FOR RECONFIGURATION OF THE RAMPS NEAR 1-35 AND MCCARTY LANE; AUTHORIZING THE INTERIM CITY MANAGER TO EXECUTE THE AGREEMENT; AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. In February 2007, as part of a development agreement with Creekside Square, L TO ("Creekside"), the City Council approved an Advanced Funding Agreement with TxDOT for the reversal of the on and off ramps near McCarty Lane. 2. Creekside is in the process of building a new shopping center on a 119.165 acre, more or less, piece of property located near the McCarty Lane exit along IH-35 South. For the purpose of making the shopping center more accessible, Creekside desires to have the entrance and exit ramps for the McCarty exit on southbound IH-35 reconfigured. 3. In order to accomplish the reconfiguration of the 1-35 ramps, the City and Creekside entered into a Capital Improvement Agreement wherein Creekside agreed to pay for all of the costs of the ramp reconfiguration as set forth in the TxDOT Advanced Funding Agreement, and any increases and amendments thereto. 4. The attached Advance Funding Agreement Amendment #1, increases the cost of the reconfiguration due to an increase in construction costs. Creekside will be responsible for the payment of these costs. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The attached Advance Funding Agreement Amendment #1 between the City of San Marcos, Texas and TxDOT is approved. PART 2. The Interim City Manager, Collette Jamison, is authorized to execute the agreement on behalf of the City.