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<br /> 61 <br /> RESOLUTION 1994- 20 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, APPROVING AN APPLICATION FOR FUNDING FOR <br /> THE CONSTRUCTION OF A HANGAR AT THE SAN MARCOS MUNICIPAL <br /> AIRPORT FOR SOUTHWEST TEXAS AVIATION THROUGH THE TEXAS <br /> DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS REAL ESTATE <br /> DEVELOPMENT PROGRAM; AUTHORIZING THE CITY MANAGER TO ACT <br /> ON THE CITY'S BEHALF WITH REGARD TO THE SUBMISSION OF <br /> THIS APPLICATION; AGREEING TO PARTICIPATE IN PROGRAM <br /> INCOME RECAPTURE; AND DECLARING AN EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. That the City Council has reviewed and approves an <br /> application for funding for the construction of a hangar at the San <br /> Marcos Municipal Airport for Southwest Texas Aviation through the <br /> Texas Department of Housing and Community Affairs Real Estate <br /> Development Program with funding amounts as follows: <br /> Construction $ 96,655 <br /> Administration 15,464 <br /> Total $112,119 . <br /> PART 2. That the City council has reviewed and agrees to <br /> comply with all assurances executed in connection with the <br /> application and, if funded the award. <br /> PART 3. That the city Manager, Larry D. Gilley, is authorized <br /> to execute the application and otherwise act on the city's behalf <br /> in all matters pertaining to the submission of this application. <br /> PART 4. That the city Council has reviewed and hereby agrees <br /> to participate in program income r~capture by returning program <br /> income to the State to be placed in a specifically designated <br /> Revolving Loan Fund to be used for future economic development <br /> activities at the local level. <br /> PART 5. That this Resolution shall be in full force and <br /> effect immediately from and after its passage. <br /> ADOPTED on this 31st day of January 1994. <br /> , <br /> \ /' .~ VI \ (" <br /> / /1. -...:L~ '\! ¡', ~ .' <br /> v.t;\ 'jlll\ V, - ' /..(1 i/V1/ ~ <br /> . v' - . \. ¡ <br /> Kathy M. Morris <br /> Mayor <br /> l'lZ:~4 gr ~¡J <br /> nis K. Womack <br /> city Secretary <br />