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RESOLUTION 2011 -144 R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS CONCERNING THE PROPOSED SAN MARCOS, <br />TEXAS TAX INCREMENT REINVESTMENT ZONE NO. 5 IN <br />DOWNTOWN SAN MARCOS; APPROVING AN INTERLOCAL <br />AGREEMENT BETWEEN HAYS COUNTY AND THE CITY OF SAN <br />MARCOS PROVIDING FOR THE COUNTY TO MAKE PAYMENTS TO <br />THE CITY OF SEVENTY PERCENT OF THE COUNTY'S TAX <br />INCREMENT REVENUES FROM INCREASED PROPERTY VALUES IN <br />THE ZONE; AUTHORIZING THE CITY MANAGER TO EXECUTE <br />THIS AGREEMENT 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 Interlocal Agreement between Hays County and the City of <br />San Marcos Related to San Marcos, Texas Tax Increment Reinvestment Zone No. 5 is approved. <br />PART 2, The City Manager is authorized to execute the Interlocal 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 adoption. <br />ADOPTED on November 15, 2011. <br />aniel Guerrero <br />Mayor <br />Attest', <br />Jamie ee Petti <br />'P <br />erk <br />