Laserfiche WebLink
122. <br /> <br />RESOLUTION NO. 2004- 7 5 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br />CONDITIONS OF A DEVELOPMENT INCENTIVE <br />AGREEMENT BETWEEN THE CITY AND K-W <br />CONSTRUCTION, INC. FOR A COMMERCIAL DEVELOPMENT <br />AT 300 BARNES DRIVE; AUTHORIZING THE CITY MANAGER <br />TO EXECUTE THE AGREEMENT; AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br /> 1. The City Council has adopted an Economic Development Incentives Policy by Resolution <br />on February 23, 2004. <br /> <br /> 2. K-W Construction, Inc. ("K-W') is proposing to construct a new commercial development <br />at 300 Barnes Drive, and has asked the City to consider granting economic develoPment incentives <br />related to the project. <br /> <br /> 3. The City and K-W wish to enter into a development incentive agreement pertaining to this <br />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 K-W 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 of the City of San Marcos, Dan O'Leary, is authorized to <br />execute this Agreement. <br /> <br />PART 4. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED on April 26, 2004. <br /> <br />Att/~jt,: / <br />City Clerk <br /> <br />Robert Habingreither <br />Mayor <br /> <br /> <br />