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76. <br /> <br />ORDINANCE NO. 2004- 15 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, REDESIGNATING REINVESTMENT <br />ZONE NO. 12 FOR TAX ABATEMENT PURPOSES PURSUANT <br />TO CHAPTER 312 OF THE TEXAS TAX CODE, CONSISTING <br />OF 472.88 ACRES OF PROPERTY, MORE OR LESS, LOCATED <br />ADJACENT TO CLOVIS BARKER ROAD BETWEEN IH-35 AND <br />STATE HIGHWAY 123; MAKING STATUTORY FINDINGS; <br />AND INCLUDING PROCEDURAL PROVISIONS. <br /> <br /> RECITALS: ~: ~ <br /> <br /> 1. The City Council originally designated the San Marcos Reinvestment Zone No. 12~in <br />Ordinance No. 1998-66, on September 28, 1998. <br /> <br />o <br /> <br /> 2. The City Council desires to promote the develOpment of an area within its jurisdiction by <br />redesignating San Marcos Reinvestment Zone No. 12, as authorized by Chapter 312 of the Texas <br />Tax Code, <br /> <br /> 3. A public hearing before the City Council on the redesignation of this reinvestment zone <br />was held on 1-larch 8, 2004 at the regular meeting of the City Council, and this date was <br />at least seven days after the date of publication of a notice concerning the public heating in a <br />newspaper of general circulation in the City. <br /> <br /> 4. A notice of this public hearing was delivered in writing to the presiding officer of the <br />governing body of each taxing unit that includes in its boundaries real property that is to be included <br />in the proposed reinvestment zone. <br /> <br /> 5. All statutory prerequisites to the redesignation of Reinvestment Zone No. 12 as a <br />reinvestment 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 contained in the Recitals of this ordinance are found <br />and determined to be true and correct. <br /> <br /> SECTION 2. The City Council finds that the property to be included in San Marcos <br />Reinvestment Zone No. 12, consisting of 472.88 acres of property, more or less, located adjacent to <br />Clovis Barker Road between IH-35 and State Highway 123 (the "Reinvestment Zone Area") as <br />depicted on the attached map, is an area that is reasonably likely as a result of designation as a <br />reinvestment zone to contribute to the retention or expansion of primary employment or to attract <br /> <br /> <br />