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Provided the foregoing conditions have been satisfied and Company is otherwise in compliance <br />with this Agreement, the City shall pay to Company any Grant Payments due within thirty (30) <br />days after the last to occur of the events in subsections (a), (b) and (c) of this Section. <br />ARTICLE V <br />ENTERPRISE ZONE <br />Section 5.01. Enterprise Zone. If requested by Developers, the City Manager of the City <br />shall place an item on an agenda for a regularly scheduled meeting of the San Marcos City Council <br />for consideration and possible action, including the holding of any associated public hearings, to: <br />a. designate all or any portion of the Land as an "enterprise zone" as defined <br />in Section 2303.003 of the Texas Government Code; and <br />b. nominate Company and the Project for designation as an enterprise project <br />in accordance with Chapter 2303 of the Texas Government Code. <br />Developers acknowledge that the City cannot and does not represent that Company's requests <br />above will be approved by the City Council. <br />ARTICLE VI <br />ANNEXATION & DEVELOPMENT <br />Section 6.01 Annexation Provisions. The Developers, upon acquisition of the Land by <br />UMC Development or its Affiliate, hereby consent to and request that the City approve annexation <br />of the ETJ Land on the terms and conditions provided herein. The ETJ Land will be annexed into <br />the corporate limits of the City in accordance with the provisions of this Agreement and in <br />compliance with the applicable notice and hearing requirements of Chapter 43 of the Texas Local <br />Government Code. The City agrees that (i) annexation of the Project Site shall not occur before <br />and shall occur only after completion of the Real Property Improvements (as evidenced by <br />issuance of a certificate of occupancy) proposed by the Company on the Project Site, and (ii) <br />7 <br />