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<br />SA,.~ MARGOS 'Lt- i.. ---'o. <br />Of # ..._~I1.~U fj () _'-'_"._ <br /> <br />P..k Vol F',l <br />70035431 DPR 3298 731 <br /> <br />RELEASE OF TAX ABATEMENT AGREEMENT BeTWEEN THE <br />CITY OF SAN MARCOS, TEXAS AND APACHE TRAILS, L.L.C. <br /> <br />1. On April 1 0, 2000, by Resolution Number 200-84R, the City Council of the City of <br />San Marcos, Texas, entered into a tax abatement agreement with Apache Trails, L.L.C. <br /> <br />2. The Tax Abatement Agreement was executed and filed in the Hays County <br />Official Property Records, Volume 1679, Page 246. <br /> <br />3. In return for an abatement of ad valorem taxes, Apache Trails promised to <br />construct a golf course and clubhouse, and to provide new jobs for 32 persons. <br /> <br />4. Apache Trails did not perform under the Agreement and are in default thereof. <br /> <br />5. On October 17 , 2007, the City Council of the City of San Marcos, Texas, <br />upon third reading of a related ordinance approved the release of the tax abatement <br />agreement between the City and Apache Trails, L.L.C., directing the City Manager to <br />execute the same. <br /> <br />ON THIS 17th day of October 2007, the City of San Marcos, Texas, releases Apache <br />Trails, L.L.C. from the Tax Abatement Agreement filed of record in the Hays County <br />Official Property Records, Volume 1679, Page 246. <br /> <br />City of San Marcos <br /> <br />By: ~ 1fCT?,./6 <br /> <br />Dan O'Leary City Manager <br /> <br />eA11I m~4G~ <br /> <br />STATE OF TEXAS <br /> <br />COUNTY OF HAYS <br /> <br />This instrument was acknowledged before me on <br />October 24, 2007 , by Dan O'Leary, known personally to me to be the <br />City Manager of the City of San Marcos, a municipal corporation, on behalf of that <br />municipal corporation. <br /> <br />,I <br /> <br />KAREN SMITH <br />MY COMMISSION EXPIRES <br />AprtI28, 2010 <br /> <br /> <br />" <br /> <br />Notary Seal <br /> <br />,~~ <br />t.}~lij <br />~I.;'''''~ <br />,.w:,~ <br /> <br />ublic, State ofTEt~M for Record in: <br />Ho_~s CDunt~ <br />On: Dec 12,2007 nt 10:59A <br />DOCUMent NUMber: 70035431 <br />A~Dunl;: 16.00 <br />Receipt NUMber - 184652 <br />~,~ , <br />019n Mnrtinezr Deput~ <br />Lindn C. Fritsche, Count~ Clerk <br />Ho.~s Count~ <br />