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RESOLUTION NO. 2017-83R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A PRINCIPAL FORGIVENESS <br />AGREEMENT WITH THE TEXAS WATER DEVELOPMENT BOARD <br />THAT FORGIVES AN AMOUNT NOT TO EXCEED $685,839 OUT OF <br />$5,445,839 IN PRINCIPAL FUNDS TO THE CITY FROM THE CLEAN <br />WATER STATE REVOLVING FUND TO FINANCE THE <br />CONSTRUCTION OF CERTAIN WASTEWATER SYSTEM <br />IMPROVEMENTS; AUTHORIZING THE INTERIM CITY MANAGER <br />OR MAYOR TO EXECUTE SAID AGREEMENT ON BEHALF OF THE <br />CITY; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Principal Forgiveness Agreement with the Texas Water <br />Development Board (TWDB Commitment No. L1000600, TWDB Project No. 73,696 (IUP <br />Fiscal Year 2017), TWDB Resolution No. 17-010, CFDA No. 66.458 is hereby approved. <br />PART 2. The Interim City Manager or Mayor is authorized to execute said Principal <br />Forgiveness Agreement on behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />PASSED AND APPROVED on first and final reading on this May 2, 2017. <br />John Thomaides <br />Mayor <br />ATTEST:—, <br />Jami e ase <br />City C rk <br />APPROVED AS TO LEGALITY: <br />Michael J. tino <br />City Attorney <br />SANA4ARC0S/WWWSRev2017A: PFA ApprovalResolufionmpd <br />