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<br />28 <br /> <br />RESOLUTION 1989-4R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, ADOPTING A POLICY ON TAX <br />ABATEMENT AND OTHER ECONOMIC DEVELOPMENT <br />INCENTIVES FOR THE CITY OF SAN MARCOS, TEXAS, <br />AND DECLARING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City Council desires to promote economic development <br />within San Marcos; and, <br /> <br />WHEREAS, providing tax abatement and other economic development <br />incentives within the City and its extraterritorial jurisdiction <br />will likely contribute to the economic development of San Marcos <br />by encouraging major investment and the creation of jobs; and, <br /> <br />WHEREAS, the Property Redevelopment and Tax Abatement act, Chapter <br />312 of the Texas Tax Code, allows a City to establish its own <br />criteria for tax abatement; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. That the policies, guidelines and criteria found in that <br />"Policy on Tax Abatement and Other Economic Development Incentives <br />for the City of San Marcos, Texas," a copy of which is attached <br />hereto and incorporated herein for all purposes as though recited <br />verbatim, are in all things approved and adopted. <br /> <br />PART 2. That this resolution shall be full force and effect from <br />and after its passage. <br /> <br />Adopted this <br /> <br />23 <br /> <br />day of January, 1989. <br /> <br />VÃMIÁVlI\.~ <br />~r~OMorris <br />Mayor <br /> <br />ATTEST: <br /> <br /> <br />r <br />" \ j' .", '" <br />".( i L /' /'/1 .,.,) <br />l, / 1-1.1, l ) / ,(...~.v <br />'.~ j l~- '.? <br /> <br />{/. k <br />JanlS K. Womac <br />City Secretary <br />