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<br /> 18 <br /> RESOLUTION NO. 1992 - llR <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS AUTHORIZING THE ADOPTION <br /> OF A REVOLVING LOAN FUND PLAN IN COMPLIANCE <br /> WITH THE TEXAS COMMUNITY DEVELOPMENT PROGRAM <br /> REVOLVING LOAN FUND GUIDELINES; AUTHORIZING <br /> THE CITY MANAGER TO ACT IN ALL MATTERS <br /> REGARDING THE REVOLVING LOAN FUND PLAN AND <br /> DECLARING AN EFFECTIVE DATE. <br /> WHEREAS, the City of San Marcos is required to submit a <br />Revolving Loan Fund Plan (RLFP) in compliance with Texas <br />Community Development Program Guidelines issued November <br />199Ø; and, <br /> WHEREAS, the City wishes to comply with this requirement <br />in order to continue its Revolving Loan Fund Program; now, <br />therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br /> PART 1. That the City hereby approves and adopts the <br />Texas Community Development Program Revolving Loan Fund <br />Guidelines as promulgated by the Texas Department of Housing <br />and Community Affairs as its RLFP, a copy of which is <br />attached hereto and incorporated herein for all intents and <br />purposes. <br /> PART 2. That the City approves the submission of the <br />adopted RLFP to the Texas Department of Housing and Community <br />Affairs for its approval. <br /> PART 3. That the City Manager, Larry D. Gilley, be and <br />he is hereby authorized to act in all matters regarding the <br />Revolving Loan Fund Plan on behalf of the City. <br /> PART 4. That this Resolution shall be in full force and <br />effect immediately from and after its passage. <br /> ~pnD this ilie lOthdT~~~~~ <br /> Mayor <br />()j~1I~ <br />Janis K. Womack <br />City Secretary <br />