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RESOLUTION NO. 2023-70R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING THE MEMORANDUM OF <br /> UNDERSTANDING WITH DON JACKSON CONSTRUCTION (DJC) FOR <br /> DESIGN AND CONSTRUCTION OF A 55,100 SQUARE FOOT BUILT-TO- <br /> SUIT HANGAR FACILITY AND ADVERTISEMENT FOR A LONG- <br /> TERM GROUND LEASE WITH A FUTURE USER OF THE HANGAR, IN <br /> RETURN FOR A DEVELOPMENT FEE BY DJC OF$1,867 PER MONTH, <br /> REDUCED AFTER THE GROUND LEASE BEGINS; AUTHORIZING <br /> THE CITY MANAGER OR HER DESIGNEE TO EXECUTE THE <br /> MEMORANDUM ON BEHALF OF THE CITY; AND DECLARING AN <br /> EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached Memorandum of Understanding with Don Jackson <br /> Construction(DJC),for design and construction of a 55,100 square foot built-to-suit hangar facility <br /> and advertisement for a long-term ground lease with a future user of the hangar, in return for the <br /> payment of a development fee by DJC of$1,867 per month,reduced after the ground lease begins, <br /> is hereby approved. <br /> PART 2. The City Manager, or her designee, is hereby authorized to sign said <br /> agreement on behalf of the City. <br /> PART 3. This resolution shall become effective on April 10, 2023. <br /> ADOPTED on April 4, 2023. <br /> "�')anghson S <br /> Mayor <br /> Attest: <br /> L <br /> Elizabeth Trevino <br /> City Clerk <br />