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two readings. Amy Madison, President of the Greater San Marcos Partnership, presented a brief presentation to the Council regarding the Texas Enterprise Zone Program and the nomination of the CFAN expansion project. She further explained that the proposed amendment seeks to increase the number of incentives offered in the Enterprise Zone for two reasons: 1) increase the number of points the City of San Marcos receives in the application process thereby increasing the total score for any local company who may apply, and 2) come into compliance with the economic development incentive policy adopted in 2007. These incentives must be available in the zone to receive credit in the application, but any company seeking these local incentives must go through incentive review and City Council approvals. Mrs. Madison stated that the amendment nominates CFAN Company as an Enterprise Zone Project, and that the company is adding up to $12 Million in machinery and equipment and will increase total employment from 400 to 500 in the next two years. Following the presentation Mayor Guerrero opened the Public Hearing at approximately 6:53 p.m. No one came forward for or against this item. There being no comments, the Public Hearing was closed at 6:53 p.m. MOTION: Upon a motion made by Council Member Jones and a second by Council Member Prather the City Council voted (7) for and (0) opposed, to approve Ordinance 2011 -42, on the first of two readings, as previously captioned. The motion carried unanimously. 4. Consider adoption of Resolution 2011 -98 R approving a consent to assignment and amendment of a lease of 5600 square feet of San Marcos Municipal Airport Property, located at 1982 Airport Drive, from Michael R. Renck to Compliance Aviation, Inc; providing for a five (5) year extension of the lease from 2019 until 2024; amending the lease to allow commercial aviation use; and declaring an effective date. MOTION: Upon a motion made by Council Member Jones and a second by Council Member Prather the City Council voted (7) for and (0) opposed, to approve Resolution 2011 -98R, as amended. The motion carried unanimously. 5. Discussion on the proposed Fiscal Year 2011 -2012 Budget and provide direction to staff. Steve Parker, Finance Director, presented the proposed FY 2011 -2012 Budget. He reported that the budget is balanced and focuses on the Council's vision and goals. The topics of discussion he presented were: Social Service Funding Economic Development Hotel/Motel Fund Review Rate Workshop 2012 CIP Discussion