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Res 1990-021
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Res 1990-021
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7/23/2007 10:49:33 AM
Creation date
7/23/2007 10:49:33 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Tax Abatement
Number
1990-21
Date
3/7/1990
Volume Book
97
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<br /> -2- Q26 0 .~ <br /> U.J. () I.;,: <br />E. The Property is not part of an improvement project financed by <br /> tax increment bonds. <br />F. This Agreement is entered into subject to the rights of the <br /> holders of outstanding bonds in the City. <br />G. The Property is not owned or leased by any member of the San <br /> Marcos City Councilor any member of the Planning Commission <br /> of the City or any membe r 0 f the Zoning Commission of the <br /> City or any member of the governing body of any taxing units <br /> adopting this Agreement. <br />H. All proposed improvements, as described in part II, below, <br /> shall conform to all applicable City ordinances and <br /> regulations, including but not limited to the Cityls Master <br /> Plan, the City's Subdivision Ordinance and the City's Zoning <br /> Ordinance. <br />1. The tax abatement and economic development incentives provided <br /> to Rohr in this agreement are intended to benefit Rohr and <br /> the assignment of the Agreement to a party providing <br /> project financing for Rohr to construct the improvements <br /> herein contemplated is hereby approved. An assignment of <br /> this Agreement by Rohr to any entity other than a <br /> financing party may be considered unreasonable under <br /> the te rIDS of part VII of this Agreement, in the sole <br /> discretion of the City Council. <br />
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