09192006 Regular Meeting - Laserfiche WebLink

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Regular Meeting September 19, 2006 Page 6 be complete. Mr. Cranston stated the first home will be a model home and will be completed in 30 days. He stated there will be 150 to 200 homes completed in twelve months. Mr. Mihalkanin moved to amend the agreement in Recitals 2. by deleting the sentence, This adoption of the Project and Financing . . . land to the Zone. , and Mr. Guerrero seconded the motion, which passed unanimously. The Council then voted unanimously for adoption of the Resolution. Mayor Narvaiz introduced for consideration Item 17, removed from the consent agenda, adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF A TAX ABATEMENT AGREEMENT BETWEEN THE CITY AND GENLYTE THOMAS GROUP, LLC. FOR REMODELING AND EQUIPPING A MANUFACTURING FACILITY AT 500 WONDER WORLD DRIVE; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT; AND DECLARING AN EFFECTIVE DATE. Mr. Mihalkanin moved for adoption of the Resolution, and Mr. Guerrero seconded the motion. Mr. O?Leary stated the City has received a request from the Genlyte Group for development incentives for remodeling of the former Wide-Lite building at 500 Wonder World Drive into a manufacturing facility for the HADCO division. He stated the project involves an investment of approximately $1,000,000.00 by the Genlyte Group, and the retention of 51 full-time positions (by transfer from other facilities in the City and the creation of 10 new full-time positions). The proposed tax abatement is on 100% of the value of new equipment and inventory in the facility, for a period of five years. Mr. Bose inquired whether the incentives of the agreement could transfer to a new owner. Mr. Taylor stated the incentives of the agreement could transfer to a new owner. Mayor Narvaiz thanked Genlyte Group and HADCO for their interest in San Marcos. The Council then voted unanimously for adoption of the Resolution. Mayor Narvaiz introduced for consideration Item 18, removed from the consent agenda, adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AWARDING A CONTRACT TO TECHLINE, LTD. FOR THE PURCHASE OF SINGLE PHASE PAD MOUNTED TRANSFORMERS FOR THE ELECTRIC UTILITY DEPARTMENT; AUTHORIZING THE PURCHASING MANAGER TO EXECUTE PURCHASING DOCUMENTS ON BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE DATE. Mr. Jones moved for adoption of the Resolution, and Mr. Guerrero seconded the motion. Mr. Bose inquired to whether the cost of the single phase pad mounted transformers is charged to the new customers. Kyle Dicke, Customer Relations Manager, stated that the cost of the transformers is embedded