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Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes
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Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes
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10/13/2021 11:39:23 AM
Creation date
9/1/2021 8:19:51 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2021-157
Date
8/17/2021
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<br />EXECUTED in duplicate originals to be effective as of the Effective Date. <br /> <br />CITY OF SAN MARCOS, TEXAS <br /> <br /> <br />By: _________________________________ <br />Bert Lumbreras, City Manager <br /> <br /> <br />COMPANY <br /> <br /> <br />By: _________________________________ <br /> <br />Name: _________________________________ <br /> <br />Title: _________________________________ <br /> <br />Tenant hereby acknowledges that it is a beneficiary of the Grant Payments paid under this <br />Agreement and that the payment of Grant Payments to Company to Company is dependent <br />upon the satisfaction of or compliance with certain conditions by Tenant as stated in this <br />Agreement. Specifically, Tenant agrees to be bound by Section 8.03(b) regarding the <br />requirement to repay any Grant Payments for failure to maintain TRSA Clean <br />Green certification for a period of 10 years and Tenant acknowledges that it is liable to the <br />City for such repayment and any other relief granted by a court of competent jurisdiction. <br /> <br />TENANT <br /> <br /> <br />By: _________________________________ <br /> <br />Name: _________________________________ <br /> <br />Title: _________________________________ <br /> <br />Date: _________________________________ <br /> <br /> <br /> <br />
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