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<br /> 102 <br /> RESOLUTION 1993- 169 R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br /> OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br /> CONDITIONS OF A TAX ABATEMENT AGREEMENT <br /> BETWEEN THE CITY OF SAN MARCOS, HORIZON <br /> BATTERY TECHNOLOGIES, INC. AND BILL MCMORRIS, , <br /> AUTHORIZING THE CITY MÞ~NAGER TO EXECUTE THE <br /> -'- - AGREEMENT AND DECLARING AN EFFECTIVE DATE. <br /> i <br /> ! <br /> WHEREAS, the city Council has voted to create the San Marcos <br /> Reinvestment Zone No. 8; and, <br /> WHEREAS, Bill McMorris owns, and Horizon Battery Technologies, <br /> Inc. (HBTI) leases, the property included in this Reinvestment <br /> Zone; and, <br /> WHEREAS, Bill McMorris and HBTI wish to enter into a tax <br /> abatement agreement with the city of San Marcos pertaining to <br /> improvements to this tract of property; now, therefore, <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: ~ <br /> PART 1. That the tax abatement agreement between the city of <br /> San Marcos, HBTI and Bill McMorris, a copy which is attached hereto <br /> as Exhibit A and incorporáted herein for all purposes, is found to <br /> satisfy all of the requi:::-ements of the city I s "Policy on Tax <br /> Abatement and Other Economic Development Incentives for the City of <br /> San Marcos, Texas," in 'force at the time of submission of the tax <br /> abatement application by HBTI and Mr. McMorris. <br /> PART 2. That the tax abatement agreement between the city of <br /> San Marcos, HBTI and Bill McMorris, ,attached hereto as Exhibit A, <br /> is found to satisfy all of the requirements of the Property <br /> Redevelopment and Tax Abatement Act, Chapter 312 of the Texas Tax <br /> Code. <br /> PART 3. That the recitals found in the preamble to this <br /> resolution are adopted herein in their entirety. <br /> PART 4. That the terms and conditions of the Tax Abatement <br /> Agreement between the City of San Marcos, HBTI and Bil1 McMorris, <br /> which is attcched hereto as Exhibit A and incorporated herein for <br /> all purposes as though recited verbatim, are hereby approved and <br /> adopted. <br /> PART 5. That the city Manager of the City of San Marcos, <br /> Larry D. Gilley, is authorized to execute this agreement. <br /> PART 6. That this Resolution shall be in full force and <br /> effect from and after the date of its adoption. <br /> ADOPTED this 27th day of sep~ lNl: [{\¡t " <br /> I K ty M ~orri~ t1VV~ <br /> I /Mayor <br /> I AttRst: ;, / <br /> ~ ,Ý )--éi/ðx) 1/ <br /> v '/ ¡J1./yi,L.-// V ) . ./,/ V'//'-,l.V~rÎ <br /> Janis K. W('Gtack' <br /> ci ty Sec!:"e't'.~l'y <br />