Laserfiche WebLink
with no upfront risk to the City and would not affect the City's bond rating. The developer <br />would be incentivized to build a successful project because the reimbursement is directly tied to • <br />the increased ad valorem and sales taxes. <br />They projected the economic impact over the first 20 years. There would be an additional 451 <br />direct and indirect jobs created with $294,448,623 in salaries. They project an additional $15 <br />million in sales tax and $1.3 million in property tax. <br />31. Discussion on the status of Land Development Code changes, and development <br />processes and procedures, and provide direction to staff. This item was brought forward to <br />the bezinning of the nzeethw at 6:00 p.m. <br />Chuck Swallow, Director of Development Services, updated the Council on changes to the Land <br />Development Code and development process and procedures. <br />32. Question and answer session with press and public. <br />There were no questions. <br />33. Adiournment. <br />MOTION: Upon a motion made by Councilmember Terry and a second by Councilmember <br />Couch, the City Council voted seven (7) for and none (0) opposed, to adjourn the regular session <br />of the San Marcos City Council at 11:34 p.m. on Tuesday, February 3, 2009. The motion carried • <br />unanimously. <br />4ut,C.e? hQ4,?Ix, <br />Susan Narvaiz, Ntayor <br />ATTEST: <br />Sherry Mashburn, ity Clerk <br />• <br />RM020309 Minutes Page 8