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RESOLUTION NO. 2010- 13 3 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, AUTHORIZING THE ACCEPTANCE OF A <br />FINANCIAL ASSISTANCE AWARD IN THE AMOUNTOF $1,845,000.00 <br />TO THE CITY OF SAN MARCOS AND TEXAS STATE UNIVERSITY - <br />SAN MARCOS ( "TEXAS STATE ") FROM THE UNITED STATES <br />DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT <br />ADMINISTRATION ( "EDA ") PURSUANT TO A JOINT APPLICATION <br />FOR SUCH AWARD FOR THE CONSTRUCTION OF FACILITIES AND <br />INFRASTRUCTURE RELATED TO TEXAS STATE'S PLANNED <br />RESEARCH AND COMMERCIALIZATION CENTER ( "THE <br />PROJECT "); AUTHORIZING THE EXPENDITURE OF AN AMOUNT <br />NOT TO EXCEED $150,000.00 IN MATCHING FUNDS RELATED TO <br />WATER AND WASTE WATER INFRASTRUCTURE FOR THE <br />PROJECT; 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 Financial Assistance Award No. 08 -01 -04606 to the City of San <br />Marcos and Texas State in the amount of $1,845,000.00 from the EDA pursuant to a joint <br />application for such award for the Project, attached hereto, is hereby accepted by the City of San <br />Marcos. <br />PART 2. The expenditure of an amount not to exceed $150,000.00 in matching <br />funds related to water and wastewater infrastructure for the Project consistent with the <br />requirements of the award is also authorized. <br />PART 3. The Interim City Manager, or her designee, is authorized to execute any <br />necessary documents required by EDA for acceptance and administration of the Financial <br />Assistance Award consistent with this Resolution. <br />PART 4. This Resolution shall become effective immediately from and after its <br />passage. <br />ADOPTED on 7th day if September, 2010 <br />Susan Narvaiz <br />Mayor <br />Attest: <br />Shell 00 w n <br />