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RESOLUTION NO. 2020-03R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A DEVELOPER PARTICIPATION <br />AGREEMENT PROVIDING FOR THE CITY TO PARTICIPATE IN THE <br />COST OF EXTENDING WASTEWATER INFRASTRUCTURE FROM <br />THE TRACE SUBDIVISION TO THE POSEY BUSINESS PARK AREA IN <br />THE AMOUNT OF $850,248.00; AUTHORIZING THE CITY MANAGER, <br />OR HIS DESIGNEE, TO EXECUTE SAID AGREEMENT; AND <br />DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Developer Participation Agreement (the "Agreement"), is <br />hereby approved. <br />PART 2. The City Manager, or his designee, is authorized to execute the Agreement <br />on behalf of the City. <br />PART 3. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on January 5, 2021. <br />J ne Hughson <br />Mayor <br />ammy . Cook <br />ite�rir City Clerk <br />