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<br />146 <br />Regular Meeting December 4, 1989 Page 4 <br />moved the Council adjourn into Executive Session at 9:31 p.m. and <br />Mr. Hart seconded the motion, which passed unanimously. <br />Mr. Hernandez moved the Council reconvene at 11:05 p.m. and Ms. <br />Kissler seconded the motion, which passed unanimously. <br />Mayor Morris introduced a discussion and direction to Staff <br />regarding a Tax Abatement Agreement with Prime Group, Inc. /VF <br />Factory Outlets, Inc. Abe Rosenthal, Senior Vice President of <br />Prime Group, addressed the Council and stated Prime Group is a <br />real estate development company based in Chicago. Prime's retail <br />development is mostly in outlets, and tax abatement will be a key <br />component to the success of this project. He stated with <br />potential competition being considered in the surrounding area, <br />time is of the essence. Council directed a proposal be placed on <br />the agenda for their consideration. Mr. Rosenthal stated he did <br />not believe the outlet would impact retail local businesses, as <br />their customer base would be San Antonio and Austin, the <br />university crowd and bus tour traffic. The number of jobs the <br />project will provide is estimated to be 270 fulltimeand 350 <br />part-time. They will provide their own water and sewer <br />facilities and plan total buildout to be completed within three <br />years. <br />The meeting adjourned at 11:50 p.m. on motion made by Mr. Plummer <br />and seconded by Mr. Hernandez. <br /> ~ ' <br /> ". \ t <br /> ~.~ ~:~~~ ;.~rri~ <br /> J?:( Ø--~{/ <br />i~ly G. e~~~ Rick Hernandez' <br />Co . Mayor Pro-Tern . <br /> ~~"d <br /> ".7..., ,.-~ '. ,??:' <br /> ....;(> ;!i¡J;;~t.é:-~Fd~ <br />Ronald K. Hart BetyÇ ane Kissler <br />counCi~er Council Member <br />Æ~ ' '%:~1¡:~uJ <br />Bill Plummer <br />Council Member <br />AT~tST : ø( ~ ) <br />C>4J-;' .¡~' ,v "'Ø1i\CvY2 . <br />Jånis K. Womack <br />City Secretary <br />