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<br />91 <br /> <br />RESOLUTION 1999- 73 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br />CONDITIONS OF AN AMENDED TAX ABATEMENT <br />AGREEMENT BETWEEN THE CITY OF SAN MARCOS AND <br />THE HEB GROCERY COMPANY FOR A MECHANIZED <br />DISTRIBUTION WAREHOUSE FACILITY TO BE <br />CONSTRUCTED IN THE 2300 BLOCK OF HUNTER ROAD; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />AGREEMENT; AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted a policy on tax abatement and other economic <br />development incentives. <br /> <br />2. The HEB Grocery Company ("HEB") is proposing to construct a new mechanized <br />warehouse at HEB's existing warehouse site in the 2300 Block of Hunter Road, and has <br />asked the City to consider granting a tax abatement and other economic development <br />incentives related to the construction. <br /> <br />3. The City and HEB wish to enter into a tax abatement agreement pertaining to this <br />construction. <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 <br />other taxing entities. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached tax abatement agreement (the "Agreement") between the <br />City of San Marcos and HEB is found to satisfy all of the requirements of the City's "Policy <br />on Tax Abatement and other Economic Development Incentives for the City of San <br />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 <br />adopted in 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 <br />to execute this Agreement. <br /> <br />PART 6. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED this 22n~ day of March , 1999. <br /> <br />rsJ.R.~ ~ <br /> <br />Billy G. Moore <br />Mayor <br /> <br />Attest: ! <br /> <br />c<A !l/Y2t~ E( tf1u~ <br /> <br />J~is K. Womack <br />City Secretary <br />