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RESOLUTION NO. 2013-79R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A PARTIAL ASSIGNMENT OF A <br />DEVELOPMENT AGREEMENT ORIGINALLY APPROVED BY <br />RESOLUTION NO. 2009 -166R FROM CRADDOCK AVENUE <br />PARTNERS, L.L.C. TO CAPSTONE COLLEGIATE COMMUNITIES, <br />L.L.C. AS TO 35.429 ACRES OF LAND OUT OF A 148.774 ACRE TRACT <br />SUBJECT TO THE DEVELOPMENT AGREEMENT LOCATED ALONG <br />CRADDOCK AVENUE AT WONDER WORLD DRIVE; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE A CONSENT TO THE PARTIAL <br />ASSIGNMENT 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 Development Agreement Partial Assignment, Assumption <br />and City Consent Agreement (the "Partial Assignment ") is hereby approved. <br />PART 2. The City Manager is hereby authorized to execute an instrument <br />consenting to the Partial Assignment on behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on June 18, 2013. <br />Attest: <br />-JV 1 V1.L11V1111. <br />Clerk <br />&niel Guerrer <br />Mayor <br />