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<br /> 111 <br /> RESOLUTION 1996- 205R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS <br /> OF A DEVELOPMENT INCENTIVE AGREEMENT BETWEEN THE <br /> CITY AND CELESTINO MENDEZ, JR. AND ROSE MENDEZ FOR A <br /> DEVELOPMENT AT 1216 MARTI N LUTHER KING DRIVE; <br /> AUTHORIZING THE CITY MANAGER TO EXECUTE. THE <br /> - AGREEMENT; AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. Celestino Mendez, Jr. and Rose Mendez (the "Developers") own property at <br /> 1216 W. Martin Luther King Drive, and have proposed to construct a project on this <br /> property that is eligible for City assistance under the Infill Development Incentives Policy <br /> adopted in Resolution 1996-63R. <br /> 2. The City Council wishes to approve a Development Incentive agreement with <br /> the Developers under which the City will assist in the construction of the Developers' <br /> project. <br /> BE IT RESOLVED BY THE CITY COUNCIL AND THE CITY OF SAN MARCOS, TEXAS: <br /> . <br /> PART 1. That the terms and conditions of the Development Incentive Agreement <br /> attached to this Resolution between the City and Celestino Mendez, Jr. and Rose Mendez <br /> for a development at 1216 W. Martin Luther King Drive are approved. <br /> PART 2. That the City Manager, Larry O. Gilley, is authorized to execute this <br /> Agreement on behalf of the City. <br /> PART 3. That this Resolution shall be in full force and effect immediately upon its <br /> ; passage. <br /> ADOPTED this 25th day of November ,1996. <br /> ~~'r~ <br /> Mayor <br /> tlest: ~ <br /> . . W~~Vz <br /> J s K. Womack l'-~ <br /> Ci Y Secretary <br /> ! <br />