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RESOLUTION NO. 2012-90R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AN ADVANCE FUNDING <br />AGREEMENT BETWEEN THE CITY AND THE STATE OF TEXAS, <br />ACTING THROUGH THE TEXAS DEPARTMENT OF <br />TRANSPORTATION, FOR THE DESIGN AND CONSTRUCTION OF <br />INTERSECTION IMPROVEMENTS TO LOOP 82 AND STATE <br />HIGHWAY 80 AT INTERSTATE HIGHWAY 35 AT AN ESTIMATED <br />COST OF $7,161,639.00, OF WHICH AMOUNT $60,075.00 RELATED TO <br />RIGHT -OF -WAY ACQUISITION SHALL BE THE RESPONSIBILITY <br />OF THE CITY; 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 Advance Funding Agreement for intersection improvements <br />to Loop 82 and State Highway 80, CSJ Nos. 0016 -09 -037 and 0286 -01 -053, between the City of <br />San Marcos and the State of Texas, acting through the Texas Department of Transportation (the <br />"Agreement "), is approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on July 31, 2012. <br />iel Guerrero <br />Mayor <br />Attest: <br />f1i e Pettijohn <br />City Clerk <br />