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<br />I <br /> <br />I <br /> <br />I <br /> <br />104. <br /> <br />RESOLUTION NO. 2006- ~R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, ADOPTING A REVISED <br />ECONOMIC DEVELOPMENT INCENTIVES POLICY; <br />AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council desires to promote economic development within San Marcos, and for <br />that reason the Council approved a revised Economic Development Incentives Policy in a Resolution <br />approved on May 3,2005. <br /> <br />2. The City Council wishes to approve further revisions to the City's Economic Development <br />Incentives Policy in the following areas: <br /> <br />A. To establish a formal policy for significant investments to property leased from the City at <br />the San Marcos Municipal Airport. <br />B. To require, in applications for incentives that involve the acquisition ofland, disclosure of <br />the actual price of the land. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The City of San Marcos elects to continue its eligibility to participate in tax <br />abatement. <br /> <br />P ART 2. The attached revised City of San Marcos Economic Development Incentives Policy <br />is approved and adopted. <br /> <br />P ART 3. This resolution shall be full force and effect from and after its passage. <br /> <br />Adopted on June 6. 2006 <br /> <br />~~auo <br /> <br />Mayor <br /> <br />ATlEST: <br />C;k;~ 1JI~ <br /> <br />Janis K. Womack <br />City Clerk <br />