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<br /> ANNUAL REPORT <br /> Pursuant to Section 12 of The Texas Tax Increment Financing <br /> Act of 1981, TEX. REV. CIV. STAT. ANN. art. 1066e, §12 (Vernon <br /> Supp. 1963-1985), the City Council of San Marcos, Texas, submits <br /> the following report: <br /> 1. The amount of revenue in the Tax Increment Fund <br /> established for Reinvestment Zone Number One, City of San Marcos, <br /> Texas is zero. <br /> 2. There have been no expenditures from the Tax Increment <br /> Fund. <br /> 3. There is no outstanding bonded indebtedness. <br /> 4. The tax increment base of the zone is $2,428,600.00. No <br /> captured appraised value has been retained by the Zone. <br /> 5. There is no captured appraised value and no tax incre- <br /> ments have been received. <br /> 6. Pursuant to the tax increment financing plan for the <br /> Reinvestment Zone adopted by the City of San Marcos, a Public <br /> Improvement Construction and Financing Agreement has been executed <br /> between the City of San Marcos, Texas, and Financial Management <br /> Group dated May 15, 1985. <br /> ,/' <br /> ayor <br /> City of San Marcos, Texas <br />