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<br />125. <br /> <br />RESOLUTION NO. 2005-~R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING A DEVELOPMENT <br />INCENTIVE AGREEMENT BETWEEN THE CITY AND <br />MORGAN FUSCHAK, d/b/a FUSCHAK'S BAR-B-QUE, FOR A <br />COMMERCIAL DEVELOPMENT AT THE INTERSECTION OF <br />DEL SOL DRIVE AND IH-35; AUTHORIZING THE CITY <br />MANAGER TO EXECUTE THE AGREEMENT; AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted an Economic Development Incentives Policy by Resolution <br />on May 3,2005. <br /> <br />2. Morgan Fuschak, d/b/a Fuschak's Bar-B-Que ("Fuschak's") is proposing to construct a <br />new commercial development at the intersection of Del Sol Drive and IH-35, and has asked the City <br />to consider granting economic development incentives related to the project. <br /> <br />3. The City and Fuschak's wish to enter into a development incentive agreement pertaining <br />to this project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached development incentive agreement (the "Agreement") between the City <br />and Morgan Fuschak, d/b/a Fuschak' s Bar- B-Que, is found to satisfy the requirements of the Policy. <br /> <br />PART 2. The terms and conditions of the Agreement are approved and adopted. <br /> <br />PART 3. The City Manager, Dan O'Leary, is authorized to execute this Agreement. <br /> <br />PART 4. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED on October 4, 2005. <br /> <br />~z~ <br /> <br />Mayor <br /> <br />Attest: J ) I <br />~d(~.. <br /> <br />JlK. Womack <br />City Clerk <br />