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<br /> 8~:6 20h: <br /> -2- , ) ~;! <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 member of 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 City's <br /> Construction Codes, Master Plan, Subdivision Ordinance and <br /> the Zoning Ordinance. <br /> I. The tax abatement and economic development incentives provided <br /> to CTMC in this agreement are intended to benefit <br /> CTMC and the assignment of the Agreement to a party <br /> providing project financing for CTMC to construct the <br /> improvements herein contemplated is hereby approved. An <br /> assignment of this Agreement by CTMC to any entity <br /> other than a financing party may be considered <br /> unreasonable under the terms of part VII of this <br /> Agreement, in the sole discretion of the City Counc i 1. <br />