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<br />120. <br /> <br />RESOLUTION 2000- 84 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br />CONDITIONS OF A TAX ABATEMENT AGREEMENT <br />BETWEEN THE CITY OF SAN MARCOS AND APACHE HILLS, <br />L.L.C. FOR GOLF COURSE AND CLUBHOUSE FACILITIES TO <br />BE CONSTRUCTED ON THE SITE OF CITY REINVESTMENT <br />ZONE NO. 15, TO THE EAST OF THE 3700 AND 3800 BLOCKS <br />OF IH-35 SOUTH; AUTHORIZlliG THE CITY MANAGER TO <br />EXECUTE THE AGREEMENT; AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The Ci:=ouncil has adopted a policy on tax abatement and other economic development <br />incentives. <br /> <br />2. Apache Hills, L.L.C. is proposing to construct new golf course and clubhouse facilities <br />on the site of City Reinvestment Zone No. 15, consisting of approximately 497 acres to the East of <br />the 3700 and 3800 blocks of LH. 35 South, and has asked the City to consider granting a tax <br />abatement and other economic development incentives related to the construction. <br /> <br />3. The City and Apache Hills, L.L.C. wish to enter into a tax abatement agreement pertaining <br />to this development. <br /> <br />4. The property on which the proposed construction will be located is eligible for tax <br />abatement, and appropriate notice of this tax abatement agreement has been given to other taxing <br />entities. <br /> <br />BEITRE~ 'LVEDBYTHE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached tax abatement agreement (the "Agreement") between the City of San <br />Marcos and Apache Hills, L.L.C. is found to satisfy all of the requirements of the City's "Policy on <br />Tax Abatement and other Economic Development Incentives for the City of San Marcos, Texas". <br /> <br />PART 2. The Agreement is found to satisfy all of the requirements of the Property <br />Redevelopment and Tax Abatement Act, Chapter 312 of the Texas Tax Code. <br /> <br />PART 3. The recitals found in the preamble to this resolution are approved and adopted in <br />their entirety. <br /> <br />PART 4. The terms and conditions of the Agreement are approved and adopted. <br /> <br />PART 5. The City Manager of the City of San Marcos, Larry D. Gilley, is authorized to <br />execute the Agre(" :ent. <br /> <br />PART 6. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED this 10th day of April ,2000. <br /> <br />~~~~ ~ <br /> <br />Mayor <br /> <br />Att~jt: ), <br />~ I ~r:K./))~ .. <br />",,--;;f.L .I ',. _ ,/1 - ;, A'/ <br />l/ n 8i/!!l1/J ,/' ~. OIVI,Ct>U,Vv <br />JaMs K. Womack <br />City Secretary <br />