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<br />I <br /> <br />I <br /> <br />I <br /> <br />225. <br /> <br />RESOLUTION NO. 2006----S-l-R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING A DEVELOPMENT <br />INCENTIVE AGREEMENT BETWEEN THE CITY AND JAIME <br />AYALA FOR JSA RETAIL, LLC, FOR A COMMERCIAL <br />DEVELOPMENT AT 1705 IH-35 SOUTH; AUTHORIZING THE <br />CITY MANAGER TO EXECUTE THE AGREEMENT; AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted an Economic Development Incentives Policy by Resolution <br />on February 23,2004. <br /> <br />2. Jaime Ayala as principal for JSA Retail, LLC ("JSA Retail") is proposing to construct a <br />new commercial development at 1705 IH-35 South, and has asked the City to consider granting <br />economic development incentives related to the project. <br /> <br />3. The City and JSA Retail wish to enter into a development incentive agreement pertaining <br />to this project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached development incentive agreement (the "Agreement") between the <br />City and JSA Retail, is found to satisfy the requirements of the Policy. <br /> <br />PART 2. The terms and conditions of the Agreement are approved and adopted. <br /> <br />PART 3. The City Manager, Dan O'Leary, is authorized to execute this Agreement. <br /> <br />PART 4. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED on March 21, 2006. <br /> <br />~fl~ <br /> <br />Mayor <br /> <br />Attest: I <br /> <br />cA'u1/f1VY~O ;0v:uuJt~ <br /> <br />J~ ~. Womack <br />City Clerk <br />