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<br />159. <br /> <br /> ~ lJ) <br /> Ln 0 <br /> oJ ~ ~~ <br /> ~ a:::ltJ <br /> C"'-I w~ <br />I W~ Q) ~c <br />~ Q UltJ <br />>CJ) <br />CD 1-- <br />I..LJ -0 <br />~ I.L. U~ <br /> 0 <br /> <br />ORDINANCE NO 2005- 18 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, DESIGNATING REINVESTMENT <br />ZONE NO 19 FOR TAX ABATEMENT PURPOSES PURSUANT <br />TO CHAPTER 312 OF THE TEXAS TAX CODE, CONSISTING <br />OF 271 ACRES OF PROPERTY, MORE OR LESS, LOCATED ON <br />THE EAST SIDE OF THE 2300 - 3200 BLOCKS OF IH-35 <br />SOUTH, MAKING STATUTORY FINDINGS, INCLUDING <br />PROCEDURAL PROVISIONS, AND DECLARING AN <br />EMERGENCY <br /> <br />RECIT ALS. <br /> <br />1 The CIty CouncIl deSIres to promote the development of an area wlthm ItS JunsdlctIOn by <br />deslgnatmg San Marcos RemvestmentZone No 19, as authonzed by Chapter 312 of the Texas Tax <br />Code <br /> <br />I <br /> <br />2 A publIc hearmg before the CIty CouncIl on the desIgnatIOn of thIS remvestment zone was <br />held on March 1 ,2005 at the regular meetmg ofthe CIty CouncIl, and thIS date was <br />at least seven days after the date of publIcatIOn of a notice concernmg the publIc hearmg m a <br />newspaper of general cIrCUlatIOn m the CIty <br /> <br />3 A notice of thIS publIc hearmg was delIvered m wntmg to the presldmg officer of the <br />governmg body of each taxing unIt that mcludes m ItS boundarIes real property that IS to be mcluded <br />m the proposed remvestment zone <br /> <br />4 All statutory prereqUISItes to the desIgnatIOn of Remvestment Zone No 19 as a <br />remvestment 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 contamed m the ReCItals of this ordmance are found <br />and determmed to be true and correct. <br /> <br />I <br /> <br />SECTION 2. The CIty CouncIl finds that the property to be mcluded In San Marcos <br />Remvestment Zone No 19, conslstmg of 271 acres of property, more or less, located on the east sIde <br />of the 2300 - 3200 blocks ofIH-35 South as depIcted on the attached map (the "Remvestment Zone <br />Area"), IS an area that IS reasonably likely as a result of desIgnatIOn as a remvestment zone to <br />contribute to the retentIOn or expanSIOn of pnmary employment or to attract major mvestment m the <br />Remvestment Zone Area that would be a benefit to the Remvestment Zone Area and that would <br />contribute to the economIC development of the CIty <br />