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Res 2020-230/approving a Chapter 380 Economic Development Incentive Agreement with DBI San Marcos Property, L.P., providing incentives in the form of refunds of a percentage of real property taxes over three years for the development of approximately 174,
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Res 2020-230/approving a Chapter 380 Economic Development Incentive Agreement with DBI San Marcos Property, L.P., providing incentives in the form of refunds of a percentage of real property taxes over three years for the development of approximately 174,
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5/26/2021 10:16:57 AM
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11/24/2020 1:44:52 PM
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Resolutions
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Agreement
Number
2020-230
Date
10/20/2020
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assume any of the liability of the other for acts of the other or obligations of the other. <br />Section 9.11. Prohibition on Contracts with Companies Boycotting Israel. Pursuant to <br />Chapters 2270 and 808 of the Texas Government Code, Developer certifies that is not ineligible to <br />receive the award of or payments under the Agreement and acknowledges that this Agreement <br />may be terminated and payment may be withheld if this certification is inaccurate. Failure to meet <br />or maintain the requirements under this provision will be considered a material breach. <br />Section 9.12. Section 2252 Compliance. Section 2252 of the Texas Government Code <br />restricts the City from contracting with companies that do business with Iran, Sudan, or a foreign <br />terrorist organization. Developer hereby certifies that is not ineligible to receive the award of or <br />payments under this Agreement. Failure to meet or maintain the requirements under this provision <br />will be considered a material breach. <br />Section 9.13. Counterparts. This Agreement may be executed in multiple counterparts, <br />each of which shall be considered an original, but all of which constitute one instrument. <br />EXECUTED in duplicate originals to be effective as of the Effective Date. <br />CITY: <br />Bert L breras City Manager <br />DEVELOPER: <br />By: DBearden Investments -GP, LLC, its General Partner <br />By: -. VV, <br />Name: l)► AN LA, H <br />Title: VI -0c c %73 9T, <br />
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