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<br />::it <br />~ <br />W~ <br />..Jb <br />~ <br />~ <br /> <br />(/J <br />o <br />~ ~ e <br />= a: <tl <br />(',J W~ <br />t- ..J C <br />Q 0 <tl <br />>-CIJ <br />0=: 1::15 <br />~ 0 ~ <br />(3 <br /> <br />:i <br />~ <br />W~ <br />...1- <br />~ <br />~ <br /> <br />fI) <br />o <br />~ ~ e <br />= a: <tl <br />'" w:2 <br />ac ..J c: <br />O<tl <br />Ql >- CIJ <br />0=: I- '0 <br />0... 0 >- <br /><( - <br />(3 <br /> <br />ORDINANCE NO. 2005- 35 <br /> <br />o <br />~O <br />2.=4 <br />(f)-< <br />,,",0 <br />::lr" <br />~m <br />j>>:D <br />...7' <br />o <br />o <br />(II <br /> <br />101. <br />):': <br />~ ~-n <br />:;0 \?)_ <br />b.::l - r <br />t:::l %m <br />gfO' <br />U1 ~ <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, :pESIGNATING REINVESTMENT <br />ZONE NO. 20 FOR TAX ABATEMENT PURPOSES PURSUANT <br />TO CHAPTER 312 OF THE TEXAS TAX CODE, CONSISTING <br />OF 90.13 ACRES OF PROPERTY, MORE OR LESS, LOCATED <br />ON THE EAST SIDE OF THE 2100 - 2600 BLOCKS OF IH-35 <br />SOUTH; MAKING STATUTORY FINDINGS; INCLUDING <br />PROCEDURAL PROVISIONS; AND DECLARING AN <br />EMERGENCY <br /> <br />RECITALS: <br /> <br />1. The City Council desires to promote the development of an area within its jurisdiction by <br />designating San Marcos Reinvestment Zone No. 20, as authorized by Chapter 312 ofthe Texas Tax <br />Code. <br /> <br />2. A public hearing before the City Council on the designation of this reinvestment zone was <br />held on April 19, 2005 at the regular meeting ofthe City Council, and this date was at least seven <br />days after the date of publication of a notice concerning the public hearing in a newspaper of general <br />circulation in the City. <br /> <br />3. A notice of this public hearing was delivered in writing to the presiding officer of the <br />governing body of each taxing unit that includes in its boundaries real property that is to be included <br />in the proposed reinvestment zone. <br /> <br />4. All statutory prerequisites to the designation of Reinvestment Zone No. 20 as a <br />reinvestment zone for tax abatement purposes under Chapter 312 ofthe Texas Tax Code have been <br />met. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />SECTION 1. The facts and recitations contained in the Recitals of this ordinance are found <br />and determined to be true and correct. <br /> <br />SECTION 2. The City Council finds that the property to be included in San Marcos <br />Reinvestment Zone No. 20, consisting of90.13 acres of property, more or less, located on the east <br />side of the 2100 - 2600 blocks of IH - 35 South as depicted on the attached map (the "Reinvestment <br />Zone Area"), is an area that is reasonably likely as a result of designation as a reinvestment zone to <br />contribute to the retention or expansion of primary employment or to attract major investment in the <br />Reinvestment Zone Area that would be a benefit to the Reinvestment Zone Area and that would <br />contribute to the economic development of the City. <br />