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ORDINANCE NO. 2020-04 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS AMENDING THE CITY'S 2018-2019 FISCAL YEAR <br />BUDGET TO ALLOCATE A TOTAL AMOUNT NOT TO EXCEED $573,000 <br />FROM EXCESS REVENUES TO INCREASE THE GENERAL FUND <br />BUDGET $548,000 FOR ECONOMIC DEVELOPMENT INCENTIVES AND <br />TO INCREASE THE RESOURCE RECOVERY FUND BUDGET $25,000 FOR <br />TRASH AND RECYCLING SERVICES; AND PROVIDING AN EFFECTIVE <br />DATE. <br />RECITALS: <br />In accordance with Section 8.16 of the City Charter, the City Council declares that a public <br />necessity exists that requires an amendment to the City's 2018-2019 Fiscal Year Budget. <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />SECTION 1. The City Budget Ordinance for the 2018-2019 Fiscal Year is amended as set <br />forth in the attached Exhibit A, to allocate a total amount not to exceed $573,000 to increase the <br />General Fund budget $548,000 for economic development incentives and to increase the Resource <br />Recovery Fund budget $25,000 for trash and recycling services. <br />SECTION 2. These revisions will be incorporated into the 2018-2019 Fiscal Year City <br />Budget. <br />SECTION 3. If any word, phrase, clause, sentence, or paragraph of this ordinance is held to <br />be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this <br />ordinance will continue in force if they can be given effect without the invalid portion. <br />SECTION 4. All ordinances and resolutions or parts of ordinances or resolutions in conflict <br />with this ordinance are repealed. <br />SECTION 5. This ordinance will take effect immediately after its passage, approval and <br />adoption on second reading. <br />PASSED AND APPROVED on first reading on January 21, 2020. <br />PASSED, APPROVED AND ADOPTED on second reading on February 4, 2020. <br />Attest: <br />ammy K. C c <br />Interim City Cleric <br />I:Hughson <br />Mayor <br />Approved: <br />Micha osentino <br />City Attonrey <br />