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<br /> 109 <br /> RESOLUTION 1991- /.fi R <br /> <br /> A RESOLUTION OF THE CITY COUNCIL OF THE <br /> CITY OF SAN MARCOS, TEXAS, APPROVING THE <br /> TERMS AND CONDITIONS OF A TAX ABATEMENT <br /> AGREEMENT BETWEEN THE CITY OF SAN MARCOS <br /> AND THE H.E. BUTT GROCERY COMPANY, <br /> AUTHORIZING THE CITY MANAGER TO EXECUTE <br /> THE AGREEMENT AND DECLARING AN EFFECTIVE <br /> DATE. <br />vlHEREAS, the Texas Department of Commerce has created an <br />Enterprise Zone within the City of San Marcos and, <br />WHEREAS, H.E. Butt Grocery Company owns leasehold interest in <br />a tract of property included in this Enterprise Zone: and, <br />WHEREAS, H.E. Butt Grocery Company wishes to enter into a tax <br />abatement agreement with the City of San Marcos pertaining to <br />improvements to be constructed and equipment to be installed <br />on this tract of property: now, therefore, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. That the tax abatement agreement between the City of <br />San Marcos and H. E. Butt Grocery Company, a copy which is <br />attached hereto as Exhibit A and incorporated herein for all <br />purposes, is fo und to satisfy all of the requirements of the <br />City's "Policy on Tax Abatement and Other Economic <br />Development Incentives for the City of San Marcos, Texas, " as <br />amended. <br />PART 2. That the tax abatement agreement between the City of <br />San Marcos and H.E. Butt Grocery Company, attached hereto as <br />Exhibit A, is found to satisfy all of the requirements of the <br />Property Redevelopment and Tax Abatement Act, Chapter 312 of <br />the Texas Tax Code. <br />PART 3. That the recitals fo und in the preamble to this <br />resolution are adopted herein in their entirety. <br />PART 4. That the terms and conditions 0 f the Tax Abatement <br />Agreement between the City of San Marcos and H.E. Butt <br />Grocery Company, which is attached hereto as Exhibit A and <br />incorporated herein for all purposes as though recited <br />verbatim, are hereby approved and adopted. <br />PART 5. That the City Manager of the City of San Marcos, <br />Larry D. Gilley, is authorized to execute this agreement. <br />PART 6. That this resolution shall be in full force and <br />effect from and after the date of its adoption. <br /> ADOPTED this llt-l1 day of M;:¡rr'n , 1991. <br /> <br /> ~JM~~ <br /> athy M. orris <br /> Mayor <br />Attest: <br />~~w!:lr~ <br />Janis K. Womack <br />City Secretary <br />