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Regular Meeting June 21, 2005 41 . Page 5 Chambers). Mr. Taylor inquired whether the majority of the proposed historic district residents supported the proposed Ordinance. Mr. Vanouderkerke stated the majority of residents who attended the public meeting supported the proposed Ordinance. Mr. Thomaides stated that he spoke with our City Attorney and the outside attorney hired by the city regarding his participation in a vote on a historic district that he lived in. He stated that he also asked them about his participation in a proposed historic district that he did not live in, and one that he was not even in the notification area for. He said he was told there is no legal reason why he would be required to abstain from a proposed area that he did not live in. He also stated that he had reviewed the Ethics Board minutes and the proposed historic district being considered was not listed on their agenda and to his understanding they did not provide a recommendation on his participation on it. He stated that he supports this proposed ordinance because after the town's founding fathers moved to San Marcos and started business in our downtown, this is the area where they lived. On roll call the following vote was recorded: AYE: Diaz, Guerrero, Narvaiz, Thomaides, Bose and Taylor. NAY: None. ABSTAIN: Mihalkanin. Mayor Narvaiz introduced for consideration a public hearing and approval of an Ordinance on first reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, REDESIGNATING REINVESTMENT ZONE NO. 2 FOR TAX ABATEMENT PURPOSES PURSUANT TO CHAPTER 312 OF THE TEXAS TAX CODE, CONSISTING OF 110.859 ACRES OF PROPERTY, MORE OR LESS, LOCATED IN THE 3000 AND 3100 BLOCKS OF IH-35 NORTH AND THE 1900 AND 2000 BLOCKS OF TECHNOLOGY WAY; MAKING STATUTORY FINDINGS; AND INCLUDING PROCEDURAL PROVISIONS. Mayor Narvaiz opened the public hearing and asked if anyone wished to speak. No one did, so Mayor Narvaiz closed the public hearing. Mr. Taylor moved for approval of the Ordinance on first reading, and Mr. Diaz seconded the motion, which passed unanimously. Mayor Narvaiz introduced for consideration approval of an Ordinance on first reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING THE 2004-2005 CITY BUDGET TO PROVIDE FUNDING FOR AN ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY AND GLOBAL ROCK INVESTMENTS, LTD.; AND INCLUDING PROCEDURAL PROVISION.