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<br /> i l . 123 <br /> - <br /> TAX ABATEMENT AGREEMENT BETWEEN <br /> THE CITY OF SAN MARCOS AND GENL YTE GROUP, INC. <br /> FOR HADCO MANUFACTURING FACILITY <br /> i STATE OF TEXAS <br /> I <br /> I <br /> COUNTY OF HAYS KNOW ALL PERSONS BY THESE PRESENTS <br /> CITY OF SAN MARCOS <br /> . ' <br /> This tax abatement agreement (this "Agreement") is entered into between the City <br /> of San Marcos, Texas (the "City"), a Texas municipal corporation, and the Genlyte Group, <br /> Inc. ("Genlyte"). <br /> < <br /> 1. <br /> GENERAL PROVISIONS, <br /> A. This Agreement is authorized and governed by the Property Redevelopment <br /> and Tax Abatement Act (Chapter 312 of the Texas Tax Code), and by the City's Policy on <br /> ~- <br /> ¡ <br /> I Tax Abatement and Economic Development Incer:ltives (the "Policy") adopted in Resolution <br /> I <br /> 1995-48R on March 6, 1995. <br /> B. Genlyte owns the real property in San Marcos, Hays County, Texas, depicted <br /> on the attached Exhibit A, upon which is located "Building 1" (the "Property"), which is the <br /> subject of this Agreement. The Property meets the eligibility criteria for tax abatement <br /> under the Policy. The Property is wholly situated within the City of San Marcos Enterprise <br /> Zone designated under the Texas Enterprise Zone Act. <br />