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enterprise project status on the grounds that it will be located at the qualified business site, will <br />create a higher level of employment, economic activity and stability. <br />7. The City finds that it is in the best interest of the City to nominate Cooperative <br />Laundry SMS, LLC as an enterprise project pursuant to the Act. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. That the findings of the City and its actions approving this resolution taken <br />at the council meeting are hereby approved and adopted. <br />PART 2. That Cooperative Laundry SMS, LLC is a "qualified business", as defined <br />in Section 2303.402 of the Act, and meets the criteria for designation as an enterprise project, as <br />set forth in Section 2303, Subchapter F of the Act. <br />PART 3. That the enterprise project shall take effect on the date of designation of the <br />enterprise project by the agency and terminate five (5) years from the date on which the designation <br />is made. <br />PART 4. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on September 7, 2021. <br />c, <br />Jane Hughson <br />Mayor <br />Att st: <br />Cook <br />Interim'City Clerk <br />