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<br />51. <br /> <br />RESOLUTION NO. 2002-216 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF <br />AN AGREEMENT BETWEEN THE CITY, BENNETT REALTY GROUP, <br />PERRY FINANCIAL CORPORATION, CHUCK NASH, AND DAM <br />BLANCO PARTNERSHIP FOR THE NORTH IH-35 WASTEWATER <br />IMPROVEMENTS PROJECT; AUTHORIZING THE CITY MANAGER <br />TO EXECUTE THE AGREEMENT; AND DECLARING AN EFFECTIVE <br />DATE. <br /> <br />RECITALS: <br /> <br />1. The San Marcos City Code provides for the City to participate in the cost of public <br />improvements installed in connection with a development if the improvements are oversized with <br />respect to City minimum standards or the needs of the development. <br /> <br />2. The City and Bennett Realty Group, Perry Financial Corporation, Chuck Nash, and Darn <br />Blanco Partnership wish to jointly participate in funding the costs of the North IH-35 Wastewater <br />Improvements Project (the "Project"), and in exchange, to have the City reserve capacity in the <br />improvements to serve the tracts of real property owned by the parties other than the City. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />P ART 1. The attached Wastewater Utility Improvement Agreement between the City and <br />Bennett Realty Group, Perry Financial Corporation, Chuck Nash, and Darn Blanco Partnership for <br />the Project is approved. <br /> <br />PART 2. The City Manager, Dan O'Leary, is authorized to execute the agreement on behalf <br />of the City after execution of the agreement by the other parties. <br /> <br />P ART 3. This Resolution is in full force and effect immediately from and after its adoption. <br /> <br />ADOPTED on <br /> <br />December 2, 2002. <br /> <br />~S.L~ <br /> <br />Robert B. Habingreither <br />Mayor <br /> <br />Attest: <br />"----.J1 /'.' , . j fl . <br />0J!d/n~/t:J :}r~V~~. <br />J&s K. Womack <br />City Clerk <br />