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RESOLUTION 2008-31 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, APPROVING AN AGREEMENT BETWEEN THE CITY AND <br />PATTERSON CAPITAL MANAGEMENT, LP, D/B/A PATTERSON AND <br />ASSOCIATES FOR THE PROVISION OF PROFESSIONAL INVESTMENT <br />MANAGEMENT SERVICES IN THE AMOUNT OF $32,000.00 PER YEAR <br />FOR AN INITIAL TERM OF TWO YEARS AND UP TO THREE <br />ADDITIONAL TERMS OF ONE YEAR EACH; AUTHORIZING THE <br />INTERIM CITY MANAGER TO EXECUTE THIS AGREEMENT ON <br />BEHALF OF THE CITY AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The attached agreement between the City and Patterson Capital <br />Management, LP, d/b/a Patterson and Associates for the provision of professional investment <br />management services in the amount of $32,000.00 per year for an initial term of two years and up <br />to three additional terms of one year each. <br />PART 2. The Interim City Manager is authorized to execute the Agreement on <br />behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED this the 3rd day of March, 2008. <br />Susan Narvaiz <br />Mayor <br />Attest: <br />Sherry Mash urn <br />City Clerk <br /> <br />