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<br /> RESOLUTION 199Ø- R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE ce., <br /> CITY OF SAN MARCOS, TEXAS, APPROVING THE ~tß4 <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 />WHE REAS, 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 abatement 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 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 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 fo und 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., wh i c h 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 Exhibit B. <br />PART 6. That this resolution sha 11 be in full force and <br />effect from and after the date of its adoption. <br /> ADOPTED this 7th day of March , 199Ø. <br /> ~J&L~ <br /> Mayor <br />Attest: ) <br /> ¡ <br /> ~ ' <br /> . ' " ¡;;:' , / <br />Cf ~ . /Jpl¡vwr/ <br />- ! ' '!/' " <br />Jai is K. Ý'l("'.mack' <br />City Secretary <br />