Ord 2008-022 - Laserfiche WebLink

Home Browse Search

ORDINANCE NO. 2008-22 • AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING THE CITY'S 2007-2008 BUDGET TO FUND THE SALES TAX REBATE FOR PRIME OUTLETS AT SAN MARCOS; AND DECLARING AN EMERGENCY. RECITALS: The City of San Marcos entered into an economic development agreement with Prime Outlets at San Marcos wherein in the Outlet Mall agreed to renovate and expand its business and the City agreed to rebate a percentage of the sales tax collected by the Outlet Mall. In accordance with Section 8.16 of the City Charter, the City Council declares that a public necessity exists that requires an amendment to the City's 2007-2008 Budget. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. The City Budget Ordinance for the 2007-2008 Fiscal Year is amended as set forth in the attached Exhibit A, in order to move funds set aside as a negative income item, to an expenditure line item for payment of the 2007 calendar year sales tax rebate to Prime Outlets at San Marcos. • SECTION 2. These revisions and reappropriations will be incorporated into the 2007- 2008 City Budget. SECTION 3. If any word, phrase, clause, sentence, or paragraph of this ordinance is held to be unconstitutional or invalid by a court of competent jurisdiction, the other provisions of this ordinance will continue in force if they can be given effect without the invalid portion. SECTION 4. All ordinances and resolutions or parts of ordinances or resolutions in conflict with this ordinance are repealed. SECTION 5. The importance of this Ordinance creates an emergency and an imperative public necessity, and the provisions of the Charter requiring that ordinances be presented at three separate meetings, and that ordinances do not take effect until ten days after the date of its final passage are suspended, and this Ordinance will take effect upon publication of notice of its adoption in a newspaper of general circulation within the City. PASSED, APPROVED AND ADOPTED on May 20, 2008. Susan Narvai • Mayor