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<br /> 60 <br /> RESOLUTION 1993- 149R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS, APPROVING THE REMOVAL OF <br /> ENTERPRISE PROJECT DESIGNATION, AND THE <br /> RELEASE OF ENTERPRISE PROJECT BENEFITS FOR THE <br /> CTEC FACILITY; AND DECLARING AN EFFECTIVE <br /> DATE. <br /> WHEREAS, on February 27, 1989, the city council adopted a <br /> resolution designating the CTEC facility in San Marcos as an <br /> Enterprise Project as set forth in section 10 of the Texas <br /> Enterprise Zone Act¡ and, <br /> WHEREAS, the Texas Department of Commerce ( "Commerce" ) <br /> designated the city of San Marcos Enterprise Zone (the "Zone") on <br /> October 26, 1989 including the area in which the CTEC facility is <br /> located; and, <br /> WHEREAS, CTEC sold most of its assets to the CFAN Company <br /> effective January 29, 1993; and, <br /> WHEREAS, the Texas Department of Commerce (Commerce) requires <br /> the city to approve the release of claim to Enterprise Project <br /> benefits by CTEC¡ now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. That the City of San Marcos approves the release of <br /> claim to Enterprise Project benefits by, and the removal of <br /> enterprise project designation for, the CTEC facility. <br /> PART 2. That this resolution shall be in full force and <br /> effect immediately from and after its passage. <br /> ADOPTED this 13th day ~~:~~ ~ <br /> ~t: '. <br /> / ¡þ~ ø~~W) <br /> Ja'IUS K. Womack <br /> city Secretary <br />