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WHEREAS, the City finds that Midway meets the criteria for tax relief and other <br /> incentives adopted by the City and nominates Midway, for enterprise project status on the grounds <br /> that it will be located at the qualified business site, will create a higher level of employment, <br /> economic activity and stability; and <br /> WHEREAS,the City finds that it is in the best interest of the City to nominate Midway as <br /> an enterprise project pursuant to the Act. <br /> NOW,THEREFORE,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 Midway 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, inclusive of <br /> said expansion, as 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 years from the date of the designation. <br /> ADOPTED on August 5,2025. <br /> Jane Hughson <br /> Mayor <br /> Attest: <br /> ElizabeTfi Trevino <br /> City Clerk <br />