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<br /> RESOLUTION 199Ø- ~L R 90 <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 ROHR INDUSTRIES, INC., AUTHORIZING <br /> THE CITY MANAGER TO EXECUTE THE AGREEMENT <br /> AND DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the City Council has voted to create the San Marcos <br />Reinvestment Zone No. 2; and, <br />WHEREAS, Rohr Industries, Inc. owns a portion of the property <br />included in San Marcos Reinvestment Zone No. 2; and, <br />WHEREAS, Rohr Industries, Inc. wishes to enter into a tax <br />abatement agreement with the City of San Marcos pertaining to <br />its development of certain property included in San Marcos <br />Reinvestment Zone No. 2¡ now, therefore, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. That the proposed tax aba temen t agreement between <br />the City of San Marcos and Rohr Industries, Inc., a copy <br />which is attached hereto as Exhibit A and incorporated herein <br />for all purposes, is found to satisfy all of the requirements <br />of the Cityl s "Policy on Tax Abatement and Other Economic <br />Development Incentives for the City of San Márcos, Texas, " as <br />amended. <br />PART 2. That the proposed tax abatement agreement between <br />the City of San Marcos and Rohr Industries, Inc., attached <br />hereto as Exhibit A, is found to satisfy all of the <br />requirements of the Property Redevelopment and Tax Abatement <br />Act, Chapter 312 of the Texas Tax Code. <br />PART 3. That the recitals found in the preamble to this <br />resolution are adopted herein in their entirety. <br />PART 4. That the terms and conditions of the Tax Abatement <br />Agreement between the City of San Marcos and Rohr Industries, <br />Inc., which is attached hereto as Exhibit A and incorporated <br />herein for all purposes as though recited verbatim, are <br />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 />upon receipt and attachment of a completed E'xhibit B. <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 7th day of MarçÌ1 ' 199Ø. <br /> ~J1ts~ <br /> Mayor <br />Attest: ) / i <br />cIJ). .~ ÇJ:' ) <br />i fi/)íra' } f . í}1np<tß(/ <br />J is K. \^¡omac k <br />City Secretary <br />