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<br /> 104 <br /> RESOLUTION 1994- 37 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS APPROVING THE TERMS AND <br /> CONDITIONS OF AN AGREEMENT BETWEEN THE CITY <br /> AND RED LINE BURGERS FOR EXTENSION OF THE <br /> CLOSING DEADLINE FOR SALE OF CITY PROPERTY AT ' <br /> THE INTERSECTION OF HOPKINS AND CHEATHAM <br /> STREETS; AUTHORIZING THE CITY MANAGER TO <br /> EXECUTE THE AGREEMENT ON BEHALF OF THE CITY; <br /> AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS <br /> 1. The city Council accepted the offer of Red Line Burgers to <br /> purchase the City property at the intersection of Hopkins and <br /> Cheatham Street on December 13, 1994, and previously extended the <br /> deadline for closing the purchase to February 15, 1994. <br /> 2. Red Line Burgers has requested an additional 60 day <br /> extension of the closing deadline, and has agreed to the conditions <br /> for the extension described in the attached agreement. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY~OF SAN MARCOS, <br /> TEXAS: <br /> PART L That the terms and conditions of the Agreement <br /> attached to this Resolution between the City and Red Line Burgers <br /> for extension of the closing deadline for sale of the City property <br /> at the intersection of Hopkins and Cheatham Streets are approved. <br /> PART 2. That the City Manager, Larry D. Gilley, is authorized <br /> to execute this Agreement on behalf of the city. <br /> PART 3. That this Resolution is in full force and effect <br /> immediately upon its passage. <br /> ADOPTED this 28th day of , 1994. <br /> . Wrri~ <br /> è!lrst . ~ øJ <br /> . nf: ~~-:~fJ ØhLtl.e)~ <br /> City Secretary <br />