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grounds that it will be located at the qualified business site, will create a higher level of <br />employment, economic activity and stability; and <br />WHEREAS, the City finds that it is in the best interest of the City to nominate CFAN <br />Company as an enterprise project pursuant to the Act. <br />T -1 <br />TAE-.WFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, 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 CFAN Company is a "qualified business," as defined in Section <br />2303.402 of the Act, and meets the criteria for designation as an enterprise project, as set forth in <br />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 years from the date of the designation. <br />ADOPTED on February 6, 2024. <br />-ane Hu <br />ghson <br />Mayor <br />Attest: <br />Eliza eth Trevino <br />City Clerk <br />