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t171 RESOLUTION NO. 1978-36-R I A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING A LEASE AMEND- MENT AND ADDENDUM TO THAT LEASE OF OCTOBER 17, 1977, ENTERED INTO BETWEEN THE CITY OF SAN MARCOS AND THE SAN MARCOS AREA CHAMBER OF COMMERCE, FOR THE LEASE OF CERTAIN PROPERTY WITHIN THE CITY: AUTHORIZING THE MAYOR TO EXECUTE SAID AMENDMENT AND ADDENDUM ON BEHALF OF THE CITY OF SAN MARCOS: AND ESTABLISHING AND EFFECTIVE DATE. WHEREAS, the San Marcos Area Chamber of Commerce has applied for financing to construct its building provided for in said lease: and, WHEREAS, in order to protect their investment, financial lending institutions desire to be in a position to assume the Chambers lease should the Chamber default: and, WHEREAS, it is in the best interest of the City to see any improve- ments made on the property by the Chamber fully paid for, which improvements shall eventually revert to the City without cost: now, therefore, t'- ~ "". -- U X i:.JJ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: Part 1. That the Lease Amendment and Addendum attached hereto and for all intents and purposes incorporated herein be and is hereby approved. Part 2. That Mayor Frank T. Arredondo, or his successor, be and is hereby authorized to execute same on behalf of the City of San ~1arcos. I Part 3. That this Resolution shall be in full force and effect immediately from and after its passage. ADOPTED this 3rd day Of~, 1978. ?~Q~ Rob~rt,L. CavazQS Mayor ATTE, ST: ~ ta. ;. iL~b' Dc:>rlss Ham rlck City Secretary ~~g~ Charles E. Evans City Attorney I