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<br /> 51. <br /> RESOLUTION 1998- 241 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br /> CONDITIONS OF AMENDMENT NO. 2 TO THE <br /> DEVELOPMENT INCENTIVE AGREEMENT BETWEEN THE <br /> CITY AND DOUBLE EAGLE VENTURES, INC. FOR THE <br /> PROPOSED CONWAY ADDITION SECTION 4 <br /> DEVELOPMENT; AUTHORIZING THE CITY MANAGER TO <br /> EXECUTE THE AMENDMENT; AND DECLARING AN <br /> EFFECTIVE DATE. <br /> RECITALS: <br /> 1. Double Eagle Ventures, Inc. (the "Developer") owns a 3.99 acre tract of <br /> property (the "Property"), located in the 600 and 700 blocks of the proposed extension of <br /> Sturgeon Street in San Marcos, Hays County, Texas. <br /> 2. The City executed a Development Incentive Agreement with the Developer <br /> on March 24, 1998 under which the City is to pay the cost for extending Sturgeon Street <br /> from the Property to River Road. <br /> 3. The Developer has requested an amendment to this agreement to extend the <br /> deadline for completing street and utility improvements from December 31, 1998 to April <br /> 30, 1999. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The terms and conditions of the Amendment No.2 to the Development <br /> Incentive Agreement attached to this Resolution between the City and the Developer for <br /> the proposed Conway Addition Section 4 development are approved. <br /> PART 2. The City Manager, Larry D. Gilley, is authorized to execute this <br /> Amendment on behalf of the City. <br /> PART 3. This Resolution is in full force and effect immediately upon its passage. <br /> ADOPTED this 21stdayof December ,1998. <br /> t:s~ ~. ~~ <br /> Billy G. Moore <br /> Mayor <br /> A1t ¡ it . <br /> tVWt1) Ð{' 1 /JÞ1~ / <br /> Ja's K. Womack <br /> City Secretary <br />