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<br />7711 <br /> <br /> <br /> <br />WHEREAS, the City finds that CFAN meets the criteria for tax <br />abatement and other incentives adopted by the city and nominates <br />CFAN on the grounds that it is located wholly within the Zone, will <br />create a higher level of employment, economic activity and <br />stability; and, <br /> <br />WHEREAS, the City finds that it is in the best interests of <br />the city to nominate CFAN as an enterprise project pursuant to the <br />Act; now, therefore, , <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, I <br />TEXAS: ¡ <br /> <br />PART 1. That all matters stated in the preamble of this <br />resolution are hereby approved and adopted. <br /> <br />PART 2. That the City of San Marcos approves the release of <br />claim to Enterprise Project benefits by CTEC. <br /> <br />PART 3. That CFAN is a "qualified business," as defined in <br />section 3(a) (11) of the Act, and meets the criteria for designation <br />as an Enterprise Project set forth in section 10 of the Act. <br /> <br />PART 4. That the approval of Commerce for designation of the <br />CFAN facility as an Enterprise Project is hereby requested~ <br />~ <br /> <br />PART 5. That a copy of this resolution shall serve as the <br />official request by the city to Commerce for approval of this <br />designation. <br /> <br />PART 6. That Enterprise Project designation for CFAN shall <br />take effect on the date of enterprise project designation by <br />Commerce, and terminate five (5) years after that date of <br />designation. <br /> <br />PART 7. That this resolution shall be in full force and; <br />effect immediately from and after its passage. <br /> <br />ADOP~ED" this 2 8 t h day I~ ~AA r~ 19 ~ <br />-~:~~\ M.~ f <br />~t~~;xj{ ~~~/) <br /> <br />:ii~K. Womack <br />City Secretary <br />