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<br />62 <br /> <br />. 10)2-- ~ (P3L <br />/' - <br />, 4, () <br />RESOLUTION 1993- 61 R " <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br />. CONDITIONS OF A TAX ABATEMENT AGREEMENT <br />BETWEEN THE CITY OF SAN MARCOS AND ARUNKUMAR <br />AMIN, , CHANDRIKA AMIN AND NIRA V AMIN, <br />AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />I AGREEMENT AND DECLARING AN EFFECTIVE DATE. <br /> <br /> <br />WHEREAS, the city Council has voted to create the San Marcos <br />Reinvestment Zone No.7; and, <br /> <br />WHEREAS, Arunkumar Amin, Chandrika Amin and Nirav Amin (the <br />"Amins") own the property included in this Reinvestment Zone; and, <br /> <br />WHEREAS, the Amins wish to enter into a tax abatement <br />agreement with the city of San Marcos pertaining to improvements to <br />this tract of property; now, therefore, <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 agreement between the City of <br />San Marcos and the Amins, a copy which is atta-ched hereto as <br />Exhibit A and incorporated herein for all purposes, is found to <br />satisfy all of the requirements of the ci ty' s "Policy on Tax <br />Abatement and Other Economic Development Incentives for the city of <br />San Marcos, Texas," in force at the time of submission of the <br />Amins' tax abatement application. <br /> <br />PART 2. That the tax abatement agreement between the city of <br />'San Marcos and the Amins, attached hereto as Exhibit A, is found to <br />. satisfy all of the requirements of the Property Redevelopment and <br />~ Tax Abatement Act, Chapter 312 of the Texas Tax Code. <br /> <br />I <br /> <br />PART 3. That the recitals found in the preamble to this <br />resolution are adopted herein in their entirety. <br /> <br />PART 4. That the terms and conditions of the Tax Abatement <br />Agreement between the City of San Marcos and the Amins, which is <br />attached hereto as Exhibit A and incorporated herein for all <br />purposes as though recited verbatim, are hereby approved and <br />adopted. <br /> <br />PART 5. That the city Manager of the city of San Marcos, <br />Larry D. Gilley, is authorized to execute this agreement. <br /> <br />PART 6. That this Resolution shall be in full force and <br />effect from and after the date of its adoption. <br /> <br />ADOPTED this 12th day of APri\I~1993' . ~ <br /> <br /> <br />, ~Ka M. MmAs <br />'r Attest: ~ J Mayor ~ <br /> <br />~, . ~ ~ <br />:;/('~ . ff ~ I ~l'\ == :; <br />¡. . ,- =-- <br />Jt;n~s K. Womack . .~:: ..) c::- ~- <br />c~ty Secretary .:,-:-~~'..::-!" .<:-- " ¡._.~ ::-; <br /> <br />~)~~~~;~i~~,t¥~;~~¥I~~ß~~~~co ~" ) ~ :; E <br /> <br /> <br />",-: 7' <br />I;ií' 18 11\,,-' -;: ", r <br />.-. V \J I:; J J .. "" -,- <br /> <br />/~ ~~ <br />,","-"-'.'>\ -'-----\ I /7, <br />j:';~:- ';S\ ~. ~ I., ~ <br />¡'~L->:::&.i ,.", ~ ~.~- '-J c--:. :;. <br />. ~...~/ ;:;';',L../¡ rC'.1=:-;K m <br />. - J;\.IS COIj~JTY. :t::"';'~ <br /> <br />, <br />