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<br />127. <br /> <br /> (/) <br />~ ...r 0 <br />~ ~ ~~ <br />~ a:a:l <br />~ w:::!!: <br />I~ QC) -Ie <br />i-I Ua:l <br />I- ~~ <br />-0 <br />U U>. <br />~ 0 - <br /> (3 <br /> <br />ORDINANCE NO. 2004- 83 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, DESIGNATING REINVESTMENT <br />ZONE NO. 18 FOR TAX ABATEMENT PURPOSES PURSUANT <br />TO CHAPTER 312 OF THE TEXAS TAX CODE, CONSISTING <br />OF 5.0 ACRES OF PROPERTY, MORE OR LESS, LOCATED IN <br />THE 1300 BLOCK OF WONDER WORLD DRIVE; MAKING <br />STATUTORY FINDINGS; AND INCLUDING PROCEDURAL <br />PROVISIONS. <br /> <br />RECIT ALS: <br /> <br />1. The City Council desires to promote the development of an area within its jurisdiction by <br />designating San Marcos Reinvestment Zone No. 18, as authorized by Chapter 312 of the Texas Tax <br />Code. <br /> <br />2. A public hearing before the City Council on the designation ofthis reinvestment zone was <br />held on October 25 ,2004 at the regular meeting of the City Council, and this date was <br />at least seven days after the date of publication of a notice concerning the public hearing in a <br />newspaper of general circulation in the City. <br /> <br />I <br /> <br />3. A notice of this public hearing was delivered in writing to the presiding officer of the <br />governing body of each taxing unit that includes in its boundaries real property that is to be included <br />in the proposed reinvestment zone. <br /> <br />4. All statutory prerequisites to the designation of Reinvestment Zone No. 18 as a <br />reinvestment zone for tax abatement purposes under Chapter 312 of the Texas Tax Code have been <br />met. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />SECTION 1. The facts and recitations contained 111 the Recitals OfthlS ordinance are found <br />and determined to be true and correct. <br /> <br />I <br /> <br />SECTION 2. The City Council finds that the property to be included in San Marcos <br />Reinvestment Zone No. 18, consisting of 5.0 acres of property, more or less, located in the 1300 <br />block of Wonder World Drive (the "Reinvestment Zone Area") as depicted on the attached map, is <br />an area that is reasonably likely as a result of designation as a reinvestment zone to contribute to the <br />retention or expansion of primary employment or to attract major investment in the Reinvestment <br />Zone Area that would be a benefit to the Reinvestment Zone Area and that would contribute to the <br />economic development of the City. <br /> <br />SECTION 3. The improvements proposed to be made by the owners of certain real property <br />