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<br />75 <br /> <br /> <br />RESOLUTION 1995- 62 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br />CONDITIONS OF A TAX ABATEMENT AGREEMENT <br />BETWEEN THE CITY OF SAN MARCOS AND THRIFTY <br />CALL, INC.; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE THE AGREEMENT AND DECLARING AN' <br />-,- . EFFECTIVE DATE. <br /> <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted a policy on tax abatement and other economic <br />development incentives. <br /> <br />2. Thrifty Call, Inc. ("Thrifty Call") is proposing to construct an office building in San <br />Marcos to serve as its headquarters and operations facility, and has asked the City to <br />consider granting a tax abatement and other economic development incentives related to <br />the construction. <br /> <br />3. Thrifty Call wishes to enter into a tax abatement agreement with the City of San <br />Marcos pertaining to this construction. . <br /> <br />4. The property on which the proposed construction will be located is eligible for tax <br />abatement, and appropriate notice of this tax abatement agreement has been given to <br />other taxing entities. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. That the tax abatement agreem~nt between the City of San Marcos and <br />Thrifty Call, a copy which is attached to this resolution, is found to satisfy all of the <br />requirements of the City's "Policy on Tax Abatement and Other Economic Development <br />Incentives for the City of San Marcos, Texas". <br /> <br />PART 2. That the attached tax abatement agreement is found to satisfy all of the <br />requirements of the Property Redevelopment and Tax Abatement Act, Chapter 312 of the <br />Texas Tax Code. <br /> <br />PART 3. That the recitals found in the preamble to this resolution are adopted in <br />their entirety. <br /> <br />PART 4, That the terms and conditions of the attached tax abatement agreement <br />are approved and adopted. <br /> <br />PART 5. That the City Manager of the City of San Marcos, Larry D. Gilley, is <br />authorized to execute this agreement. <br /> <br />PART 6. That this Resolution shall be in full force and effect from and after the date <br />of its adoption. <br />i <br />~ ADOPTED this 27 day of March , 1995. <br /> <br />- ~~~,¡~ <br />A~~: , ~ {/ ~ Mayor <br />rtPs ~~6k <br /> <br />City Secretary <br />