Laserfiche WebLink
<br /> 122 <br /> RESOLUTION 199Ø- 28 R <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 BETt'lEEN THE CITY OF SAN MARCOS <br /> AND PARKVIEW METAL PRODUCTS, INC., <br /> AUTHORIZING THE CITY MANAGER TO EXECUTE <br /> THE AGREEMENT AND DECLARING AN EFFECTIVE <br /> DATE. <br /> WHEREAS, the City Council has voted to create the San Marcos <br /> Reinvestment Zone No. 2; and, <br /> ~'lHEREAS, Parkview Metal Products, Inc., (Parkview) owns a <br /> tract of property included in this Enterprise Zone and, <br /> WHEREAS, Parkview Metal Products, Inc., wishes to entèr into <br /> a tax abatement agreement with the City of San Marcos <br /> pertaining to its development of this tract of property: now, <br /> 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 Parkview Metal Products, Inc., a copy which is <br /> attached hereto as Exhibit A and incorporated herein for all <br /> purposes, is found 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, II as <br /> amended. <br /> PART 2. That the tax abatement agreement between the City of <br /> San Marcos and Parkview Metal Products, I nc ., attached hereto <br /> as Exhibit A, is found to satisfy all of the requirements of <br /> the Property Redevelopment and Tax Abatement Act, Chapter 312 <br /> 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 Parkv ie,., Metal <br /> Products, Inc. , 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. Tha t 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 forc e and <br /> effect from and after the date of its adoption. <br /> ADOPTED this 9th day of April , 199Ø. <br /> <br /> ~~;~ <br /> Mayor <br /> me~ if~ <br /> ~ K. Womack <br /> City Secretary <br />