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<br />6 WHEREAS, the CIty CouncIl finds that the CF AN ExpansIOn Project meets the I <br />cntena for tax relIef and other IncentIves adopted by the CIty, and the CIty CouncIl has <br />consIdered CFAN's applIcatIOn for nOmInatIOn of the CFAN ExpansIOn Project for enterpnse <br />project status on the grounds that It Will be located at the qualIfied busIness SIte, and wIll create a <br />hIgher level of employment, economIC actIvIty and stabIlIty <br /> <br />7 WHEREAS, the CIty finds that It IS In the best Interests of the CIty to nomInate the <br />CFAN ExpansIOn Project as an enterpnse project pursuant to the Act. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS <br /> <br />P ART 1 The findIngs of the CIty CounCIl contaIned In the recItals of thIS ResolutIOn are <br />approved and adopted. <br /> <br />PART 2 The CIty CouncIl finds that the CFAN ExpanSIOn Project IS a "qualIfied <br />busIness," as defined In SectIOn 2303402 of the Act, and that the CFAN ExpanSIOn Project <br />meets the cntena for deSIgnation as an enterpnse project as set forth In SectIOn 2303, Subchapter <br />F of the Act. <br /> <br />PART 3 The CIty CouncIl nomInates the CFAN ExpanSIOn Project as an enterpnse <br />project, and requests that the Bank deSIgnate the CF AN ExpansIOn Project as an enterpnse <br />project. <br /> <br />I <br /> <br />PART 4 The enterpnse project deSIgnatIOn shall take effect on the date of deSIgnatIOn of <br />the enterpnse project by the Bank, and termInate five years from the date of deSIgnatIOn. <br /> <br />PART 4 ThIS resolutIOn takes effect Immediately upon ItS adoptIOn. <br /> <br />ADOPTED on November 15, 2005. <br /> <br />Susan NarvaIz <br />Mayor <br /> <br /> <br />~ <br /> <br />Attest: . J <br />rY'y.. .& .#1". < <br />.// /:.1//)/// ) '!J IJrv If, ~ <br />'1 anIS K. Womack <br />CIty Clerk <br /> <br />I <br />