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<br /> * SEE RESOLUTION MARCH 23, 1998. <br /> 79 <br /> RESOLUTION 1997- 141 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 DAVID ESPARZA <br /> AND HOWARD BURKHALTER FOR THE PROPOSED <br /> CONWAY ADDITION SECTION 4 DEVELOPMENT; <br /> AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br /> AGREEMENT; AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. The Developers own the 3.99 acre tract of property depicted on the attached <br /> Exhibit A, located in the 600 and 700 blocks of the proposed extension of Surgeon Street <br /> in San Marcos, Hays County, Texas (the "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 Developers (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 David Esparza and Howard Burkhalter <br /> for the proposed Conway 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 8th day of September, 1997. <br /> ~~~.~ <br /> Billy G. Moore <br /> Mayor <br /> Attest: £¡ . <br /> Dt Midd oI~/ <br /> Janis K. Womack <br /> City Secretary <br />