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<br /> -===- ===== == ~ <br /> == -æ: ..: ~ <br /> ----- --- <br /> ---- --"~-"-'---.---, .---.,--..-, <br /> ---- --'--'-:=--'---0-'0,-,0- --_,0,. <br /> "C SCx 37:, C-UL~ '¡IS~A CA nr::'2-C873 <br /> April 26. 1989 <br /> The Honorable Kathy Morris <br /> Mayor. City of San Marcos <br /> 630 East Hopkins <br /> San Marcos. Texas 78666 <br /> Dear Mayor Morris: <br /> Composite Technology Engine Components (~CTEC~) is a newly formed New York <br /> General Partnership. which is equally owned by the General Electric Company and Rohr <br /> Industries. CTEC plans to manufacture jet engine components made from organic <br /> composites for General Electric. as well as Rolls Royce. Pratt and Whitney, and other <br /> customers. <br /> The proposed CTEC factory for San Marcos. Texas. consists of acquiring 17.2 acres of <br /> property in the city limits. and constructing a 145.000 square foot building. We also <br /> commit that major capital equipment will be purchased and installed in the facility during <br /> 1990 summarized as follows: <br /> 1 0'x20' Autoclave $ 640.000 <br /> 5 Axis CNC Mill !.1.400. 000 <br /> Total $2.040.000 <br /> Infrastructure supplying water to the site is an additional $720.000. CTEC is committing <br /> to finance the $2.040.000 with internal capital resources. which have been included in our <br /> 1989/1990 Capital Budget. CTEC has requested that the city of San Marcos make all <br /> infrastructure water improvements to the site as a condition of our location decision. <br /> I must emphasize that without the $720.000 infrastructure improvements from the city of <br /> San Marcos, CTEC cannot proceed with this project. CTEC's financial commitment for <br /> this project is contingent upon the city of San Marcos receiving a $500.000 infrastructure <br /> grant from the Texas Department of Commerce Capital Fund Program. <br /> Sincerely. <br /> - -- - --..... <br /> ) - (. <br /> /_-~- --, - 1---,... '---- .=-"-~ <br /> James W. Davidson <br /> President <br />