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<br /> 135 <br /> RESOLUTION 1989-34R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE <br /> CITY OF SAN MARCOS, TEXAS, APPROVING THE <br /> TERMS AND CONDITIONS OF A TAX ABATEMENT <br /> AGREEMENT BETWEEN THE CITY OF SAN MARCOS <br /> AND ROHR INDUSTRIES, INC., AUTHORIZING <br /> THE MAYOR TO EXECUTE SAID AGREEMENT AND <br /> DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the City Council has voted to create the San Marco s <br />Reinvestment Zone No. 2; and, <br />WHEREAS, Rohr Industries, Inc. owns all of the property <br />included in San Marcos Reinvestment Zone No. 2; and, <br />WHEREAS, Rohr Industries, Inc. \.¡i she s to enter into a tax <br />abatement agreement with the City of San Marcos pertaining to <br />its development of the property included in San Marcos <br />Reinvestment Zone No. 2; now, therefore, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS.: <br />PART 1. That the proposed tax abatement agreement between <br />the City of San Marcos and Rohr Industries, Inc., a copy <br />which is attached hereto as Exhibit A and incorporated herein <br />for all purposes, is found to satisfy all of the requirements <br />of the City's "Policy on Tax Abatement and Other Economic <br />Development Incentives for the City of San Marcos, Texas," <br />which was adopted by the City Council on January 23, 1989. <br />PART 2. That the proposed tax abatement agreement between <br />the City of San Marcos and Rohr Industries, Inc., attached <br />hereto as Exhibit A, is found to satisfy all of the <br />requirements of the property redevelopment and Tax Aba temen t <br />Act, Chapter 312 of the Texas Tax Code. <br />PART 3. That the recitals found in the preamble to this <br />resolution are adopted herein in their entirety. <br />PART 4. Tha t the terms and conditions of the Tax Abatement <br />Agreement between the City of San Marcos and Rohr Industries, <br />Inc., which is attached hereto as Exhibit A and incorporated <br />herein for all purposes as though recited verbatim, are in <br />all things approved and adopted effective as provided below <br />in Part 6. <br />PART 5. That the Mayor of the City of San Marcos, Kathy M. <br />Morris, is authorized to execute said agreement, upon receipt <br />and attachment of Exhibit B. <br />PART 6. That this resolution shall be in full force and <br />effect from and after the effective date of the ordinance <br />creating San Marcos Reinvestment Zone No. 2. <br /> ADOPTED this 24 day of April , 1989. <br /> ~~;~ <br /> Mayor <br />Att!Vst : ~ ) <br />,/11. ". 1 . <br />cx¡;. (J/tZ( , tJlPnv~<j"./ <br />Janis K. \vomack <br />City Secretary <br />