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<br /> 32 <br /> RRc;OLOTHYtJ 1 Qo,O- -~~--- R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, AUTHORIZING THE SUBMISSION OF A PROGRAM <br /> AMENDMENT REQUEST TO THE TEXAS DEPARTMENT OF COMMERCE <br /> FOR TEXAS CAPITAL FUND CONTRACT NO. 708402; <br /> AUTHORIZING THE CITY MANAGER TO ACT AS THE CITY'S <br /> AUTHORIZED REPRESENTATIVE IN ALL MATTERS PERTAINING TO <br /> THE CITY'S PARTICIPATION IN THE COMMUNITY DEVELOPMENT <br /> PROGRAM. <br /> WHEREAS, the City of San Marcos has received a Texas Capital Fund <br /> grant in the amount of $500,000 from the Texas Department of Commerce <br /> to extend water lines to the CTEC development; and, <br /> WHEREAS, it is necessary and in the best interest of the City of <br /> San Marcos to amend its Texas Capital Fund contract in order to <br /> reallocate local matching funds to a newly requested budget <br /> activity--acquisition; <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> THE CITY OF SAN MARCOS, TEXAS: <br /> PART 1. That a Program Amendment Request for the City of San <br /> Marcos' Texas Capital Fund contract No. 708402 is hereby authorized to <br /> be filed on behalf of the City with the Texas Department of Commerce, <br /> summarized as follows: <br /> A. That the amount budgeted for construction be reduced from <br /> $720,000 to $53l,068 and that $500,000 of this amount be <br /> paid from Texas Department of Commerce grant funds and the <br /> balance of $3l,068 be contributed by the City of San ~1arcos. <br /> B. That acquisition be added as an additional activity budgeted <br /> at $322,209 for right-of-way acquisition and that this cost <br /> be fully covered by the City of San Marcos. <br /> PART 2. That the City Manager, Larry D. Gilley, is hereby <br /> authorized to act as the City's authorized representative in all <br /> matters pertaining to Texas Capital Fund Contract No. 708402 and the <br /> amendment described in this Resolution. <br /> PART 3. That this Resolution shall be in full force and effect <br /> from and after its passage. <br /> ADOPTED this 23rd M.~ <br /> A,21tt:. .. ). ¡ <br /> , "\~' ~ <br /> D., . j/ì /; , '. /' /4¡/" ß'; <br /> j/ ¡j/I'¡ t~<Y v., <7'IP'ÎhÁ)//j/2/ <br /> ~ ) v <br /> Jánis K. Womack <br /> City Secretary <br />