Laserfiche WebLink
<br /> 102 <br /> RESOLUTION 1998- 65 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br /> CONDITIONS OF A DEVELOPMENT INCENTIVE <br /> AGREEMENT BETWEEN THE CITY AND DOUBLE EAGLE <br /> VENTURES, INC. FOR THE PROPOSED CONWAY <br /> ADDITION SECTION 4 DEVELOPMENT; AUTHORIZING THE <br /> CITY MANAGER TO EXECUTE THE AGREEMENT; AND <br /> DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. Double Eagle Ventures, Inc. (the "Developer") owns the 3.99 acre tract of <br /> property depicted on the attached Exhibit A, located in the 600 and 700 blocks of the <br /> proposed extension of Sturgeon Street in San Marcos, Hays County, Texas (the <br /> "Property"). <br /> 2. The Property is vacant and undeveloped and is situated within an otherwise <br /> developed area within the City, and the Property meets the minimum criteria for eligibility <br /> under the City's Infill Development Incentives Policy. <br /> 3. The development proposed for the Property by the Developer (the "Project") <br /> would expand the local tax base, provide affordable housing, satisfy housing needs of the <br /> community, and be compatible with existing nearby land uses. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The terms and conditions of the Development Incentive Agreement <br /> attached to this Resolution between the City and the Developer for the proposed Conway <br /> Addition Section 4 development are approved. <br /> PART 2. The City Manager, Larry D. Gilley, is authorized to execute this Agreement <br /> on behalf of the City. <br /> PART 3. This Resolution is in full force and effect immediately upon its passage. <br /> ADOPTED this 23rd day of March ,1998. <br /> ~l'~ <br /> Billy G. oore <br /> Mayor <br /> ?1:4~ <br /> ~ " . <br /> J is K. Womack <br /> City Secretary <br />