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Res 2019-049/approving an agreement with Texas Transportation Alliance, LLC that provides for economic development incentives for the planning, design, and development of a rail-served commercial and industrial park, known as the SMART Terminal project,
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Res 2019-049/approving an agreement with Texas Transportation Alliance, LLC that provides for economic development incentives for the planning, design, and development of a rail-served commercial and industrial park, known as the SMART Terminal project,
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4/29/2019 10:22:33 AM
Creation date
3/26/2019 9:30:16 AM
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Resolutions
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Agreement
Number
2019-49
Date
3/19/2019
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RESOLUTION NO. 2019-49R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS APPROVING A CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE <br />AND ETJ DEVELOPMENT AGREEMENT WITH CURBY D. OHNHEISER, DIANE M. <br />DERINGER, CAROLYN J. SCURLOCK, VAN LEE, LLC, OHNHEISER PROPERTIES <br />AND TEXAS TRANSPORTATION ALLIANCE, LTD, A TEXAS LIMITED <br />PARTNERSHIP THAT PROVIDES ECONOMIC DEVELOPMENT INCENTIVES FOR <br />THE LOCATION OF AN INDUSTRIAL RAIL PARK LOCATED ALONG HIGHWAY <br />80, PROVIDING WAIVERS OF CERTAIN DEVELOPMENT STANDARDS; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE SAID AGREEMENT ON <br />BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The attached Chapter 380 Economic Development Incentive and ETJ <br />Development Agreement with Curby D. Ohnheiser Properties, Diane M. Deringer, Carolyn <br />J. Scurlock, Van Lee, LLC and Texas Transportation Alliance, LTD. (the "Agreement") is <br />hereby approved. <br />City. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />PART 3. This resolution shall be in full force and effect from and after its passage. <br />ADOPTED on March 19, 2019. <br />Mayor <br />(Jami ee Case <br />City Cl rk <br />
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