Res 2002-069 - Laserfiche WebLink

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99. TAX ABATEMENT AGREEMENT BETWEEN THE CITY OF SAN MARCOS AND TEXAS COUNTRY CLUBS, INC. FOR DEVELOPMENT OF HOTEL/GOLF COURSE/ CONVENTION CENTER FACILITIES This tax abat entered into between Texas Country Club: Section 1.01. and Tax Abatement Abatement and Ecoili 11,2002. Section 1.02. land (the "Property") April 9 , 2002 is fexas municipal corporation, and NS by the Property Redevelopment md by the City's Policy on Tax lopted by Resolution on February 1,101 acre, more or less, area of rsection of Posey Road and Old Bastrop Highway, comprised ofthel08 acre, 436.54 acre, 67.5 acre, 107.5 acre, 74.28 acre, 105.612 acre, 105.611 acre, and 96.091 acre tracts of land described as Tracts One through Tract Eight, inclusive in the attached Exhibit A. The Property meets the eligibility criteria for tax abatement under the Policy. The Property is situated within the City of San Marcos Reinvestment Zone No. 16 designated by separate ordinance by the City Council. This Agreement will be effective only if the Developer purchases the Property by December 31, 2002. Section 1.03. The Property is not part of an improvement project financed with tax increment bonds. Section 1.04. This Agreement is subject to the rights of the holders of outstanding bonds of the City. Section 1.05. The Property is not owned or leased by any member of the San Marcos City Councilor any member of the City Planning and Zoning Commission. Section 1.06. The Developer agrees to ensure that all of the improvements described below will conform to all applicable City ordinances and regulations, including but not limited to the City's Master Plan, and Chapter 5-Buildings and Building Regulations, Chapter 74-Streets and Sidewalks, Chapter 94-Development Standards, Chapter 11 O-Subdivisions, and Chapter 114- Zoning, of the San Marcos City Code. 1