Laserfiche WebLink
<br />I <br /> <br />I <br /> <br />I <br /> <br />RESOLUTION NO. 2007- 124 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING A DEVELOPMENT <br />INCENTIVE AGREEMENT BETWEEN THE CITY AND <br />CHARLES AUSTIN AS PRINCIPAL OF AUSTIN-ZINKGRAF, <br />LLC D/B/A SO HIGH SPORTS AND FITNESS CENTER; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />AGREEMENT; AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted an Economic Development Incentives Policy by Resolution <br />2006-91 R. <br /> <br />2. Charles Austin as principal of Austin-Zinkgraf, LLC d/b/a So High Sports and Fitness <br />Center ("Charles Austin") is proposing to build a sport and fitness center located at 120 South <br />Reimer Road. <br /> <br />3. The City and Charles Austin wish to enter into a development incentive agreement <br />pertaining to this project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached development incentive agreement (the "Agreement") between the <br />City and Charles Austin found to satisfy the requirements of the Policy. <br /> <br />PART 2. The terms and conditions of the Agreement are approved and adopted. <br /> <br />PART 3. The City Manager, Dan O'Leary, is authorized to execute this Agreement. <br /> <br />PART 4. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED on the 3rd day of July, 2007. <br /> <br />~ <br /> <br /> <br />Susan Narvaiz <br />Mayor <br /> <br />