Laserfiche WebLink
<br /> 80 <br /> RESOLUTION 1993- 213 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, APPROVING AN ECONOMIC DEVELOPMENT <br /> CONTRACT AND SECURITY AGREEMENT WITH PROSEED <br /> (U.S.A.), INC.; AUTHORIZING THE CITY MANAGER TO <br /> EXECUTE BOTH DOCUMENTS ON BEHALF OF THE CITY AND <br /> DECLARING AN EFFECTIVE DATE. <br /> WHEREAS, the City, through its Revolving Loan Fund <br />(IIRLFII) Program, wishes to provide a source of capital for <br />start-uPI expansion or retention of small businesses located <br />in the City of San Marcos; and, <br /> WHEREAS, Proseed (U.S.A.), Inc. ( II Proseed II) is <br />interested in maintaining and expanding its economic base in <br />the City of San Marcos, and has applied for a loan from the <br />City's RLF Program; and, <br /> WHEREAS, the City has approved Proseed's <br />application for RLF funds; now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS: <br /> ~ <br /> PART 1. That the terms and conditions of an <br />Economic Development Contract and Security Agreement with <br />Proseed, a copy of which is attached hereto and incorporated <br />herein for all intents and purposes, are approved. <br /> PART 2. That the City Manager, Larry D. Gilley, be <br />and he is hereby authorized to execute both agreements on <br />behalf of the City. <br /> PART 3. That this Resolution shall be in full <br />force and effect immediately from and after its passage. <br /> ADOPTED this the 6th day of December 1993. <br /> ~~~~l~~ <br /> Mayor <br />Attest: . <br />c1. &/'~¿ 9f~J>J <br />! <br />Janis K. Womack <br />City Secretary <br />