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(b) Additional Property Taxes for the prior tax year are received by the City <br />from the Hays County Tax Assessor -Collector; and <br />(c) funds are appropriated by the San Marcos City Council for the specific <br />purpose of making a Grant Payment under this Agreement as part of the City's ordinary <br />F1,33mr=- <br />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) -(c) of this Section. <br />ARTICLE I' <br />Section 5.01 Waiver of Development Standards. Pursuant to the City's authority under <br />section 2.4.5.1 of the City's Development Code, the City hereby waives the following <br />requirements of such Development Code: <br />(a) The requirements of Section 3.6.2.1, Table 3.1 regarding block perimeters <br />(b) The requirements of Section 4.3.5.3 regarding blank wall area are waived <br />to allow typical industrial construction, using concrete tilt wall as primary building <br />material, as provided in Section 4.3.5.17 (d)(1)(a). <br />Vx'TICLE 11 <br />As of the Effective Date, Company represents and warrants to the City, as follows: <br />Section 6.01. Organization. Company is duly organized, validly existing and in good <br />standing under the laws of the State of Delaware and is authorized to conduct business or own real <br />property in the State of Texas. The activities that Company proposes to carry on at the Project Site <br />