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72. <br /> <br />RESOLUTION NO. 2003- 81 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING AN ASSIGNMENT OF <br />THE DEVELOPMENT INCENTIVE AGREEMENT FOR THE <br />CONWAY ADDITION SECTION 4 DEVELOPMENT FROM JTR <br />LAND ENTERPRISES, INC. TO M&R TEXAS DEVELOPMENT <br />CORPORATION; AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br /> 1. The City Council approved a development incentive agreement (the "Agreement") with <br />Double Eagle Ventures, Inc. for the development of the lots in the Conway Addition Section 4. <br /> <br /> 2. The Agreement provides for the assignment of the Agreement to third parties with the <br />approval of the City Council. <br /> <br /> 3. On April 14, 2003, the City Council approved an assignment of the Agreement from <br />Double Eagle Ventures, Inc. to JTR Land Enterprises, Inc. in connection with the sale of the 18 <br />remaining vacant lots in the development. <br /> <br /> 4. JTR Land Enterprises, Inc. has sold the 18 lots to M&R Texas Development Corporation <br />("M&R"), and M&R has requested approval of an assignment of the Agreement from JTR Land <br />Enterprises, Inc. to M&R Texas Development Corporation. <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br /> PART 1. The assignment of the Agreement from JTR Land Enterprises, Inc. to M&R Texas <br />Development Corporation is approved. <br /> <br />PART 2. This Resolution is in full force and effect immediately from and after its adoption. <br /> <br />ADOPTED on May 12, 2003. <br /> <br />Attest: <br /> <br />Robert Habingreither <br />Mayor <br /> <br /> <br />