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2019-001337 ACT Fee: 378.00 <br />03/20/2019 03:30:36 PM Total Pages: 90 <br />Teresa Rodriguez, County Clerk - Caldwell County, TX <br />mill W11FIf113141 W11 �I��C���'�'��f�r�f'�L�N�«'���hJ� �Y����� 11111 <br />CHAPTER 380 ECONOMIC DEVELOPMENT <br />INCENTIVE AND ETJ DEVELOPMENT AGREEMENT <br />As of March 19, 2019 (the "Effective Date") this Chapter 380 Economic Development <br />Incentive and ETJ Development Agreement (the "Agreement") is entered into between Curby D. <br />Ohnheiser, Diane M. Deringer, Carolyn J. Scurlock, Van Lee, LLC, and Ohnheiser Properties, LP <br />(collectively, the "Owners"), the City of San Marcos, Texas (the "City"), a Texas municipal <br />corporation, and Texas Transportation Alliance, LTD, a Texas Limited Partnership (the <br />"Developer"), Owners. Any owner of land subject to this Agreement that purchased or acquired <br />the land from the Developer, or any owner of land, other than the Developer, that purchased or <br />acquired the land directly from the Owners, is hereinafter, a "Future Owner". The Owners, City, <br />the Developer,the Owners and Future Owners may also be referred to collectively as the "Parties" <br />or individually as a "Party". <br />PART 1. RECITALS <br />Section 1.01. The Owners currently own various tracts of land totaling approximately <br />888.772 acres in Caldwell County, as more particularly described by metes and bounds in Exhibit <br />"A", attached hereto and made a part hereof (the "Property"). <br />Section 1.02. The Developer intends to purchase the Property and to develop all or <br />portions of the Property into a heavy industrial and transportation hub that is accessible by truck <br />and rail service and adjacent to air transportation services at the City's municipal airport. <br />Section 1.03. The Property is currently used for agriculture purposes and has an <br />agricultural exempt tax status. <br />Section 1.04. The Owners and the Developer have requested that the City annex the <br />Property in accordance with this Agreement. <br />1 <br />