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ORDINANCE NO. 2010-28 AN ORDINANCE ENLARGING THE BOUNDARIES OF REINVESTMENT ZONE NUMBER TWO, CITY OF SAN MARCOS, TEXAS BY 3.316 ACRES, MORE OR LESS; AMENDING THE PROJECT PLAN AND REINVESTMENT ZONE FINANCING PLAN FOR THE ZONE TO REFLECT THE ADDITION OF SUCH LAND AND INCREASE IN ELIGIBLE PROJECT COSTS; INCLUDING PROCEDURAL PROVISIONS; AND DECLARING AN EFFECTIVE DATE. RECITALS: 1. The City Council of the City of San Marcos ( "City ") pursuant to the provisions of Chapter 311, Texas Tax Code, created Reinvestment Zone Number Two, City of San Marcos, Texas (the "Zone ") for the purposes of redevelopment of the area of the City within the Zone. 2. The City may enlarge the boundaries of an existing reinvestment zone pursuant to Section 311.007, Texas Tax Code and seeks to enlarge the boundaries of the Zone by 3.316 acres of land, more or less. 3. The City Council finds that the areas proposed to be included in the Zone are located wholly within the corporate limits of the City and are contiguous to the existing • boundaries of the Zone. 4. The City Council finds that the area proposed for addition to the Zone is unproductive, and underdeveloped, and, additionally, meets the requirements of Section 311.005 of the Texas Tax Code because the area to be added substantially impairs and arrests the sound growth of the City; retards the provision of housing accommodations; constitutes an economic and social liability and is a menace to the public health, safety, morals and welfare in its present condition and use because of the presence of: (a) the predominance of defective or inadequate sidewalk and street layout; (b) faulty lot layout in relation to size, adequacy, accessibility or usefulness; (c) unsanitary or unsafe conditions; (d) the deterioration of site or other improvements; and (e) existence of conditions that endanger life or property by fire or other cause; and is predominantly open and, because of obsolete platting, deterioration of structures or site improvements, or other factors, substantially impairs or arrests the sound growth of the City.