Res 2014-073/Upland did not sign agreement - Renegotiated Chapter 380 between COSM and Upland Analytics, Inc.

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CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT This agreement (the "Agreement ") is entered into as of May 6, 2014 (the "Effective Date ") by and between the City of San Marcos, Texas (the "City "), a Texas municipal corporation, and Upland Analytics, Inc., a Georgia Corporation, authorized to conduct business in the State of Texas ( "Upland "). The City and Upland may collectively be referred to as the "Parties ". PART 1. RECITALS Section 1.01. The City seeks to attract and retain a diverse range of businesses that provide well - paying jobs necessary for economic stability. Section 1.02. Upland is a technology- enabled asset documentation management and valuation services firm currently based in the State of Georgia. Section 1.03. Upland is experiencing steady growth in its business and anticipates hiring new employees in conjunction with the development of proprietary software and systems to enhance services to its customers. Section 1.04. Upland seeks an economic development incentive from the City to relocate and expand its key operations, including its headquarters, from the State of Georgia to the City. Section 1.05. The City is authorized under Chapter 380 of the Texas Local Government Code ( "Chapter 380 ") to offer certain economic development incentives for public purposes, including the promotion of local economic development and the stimulation of business and commercial activity in the City. Section 1.06. Providing an incentive to Upland under the terms and conditions of this Agreement is consistent with the public purposes of Chapter 380 and the economic development objectives of the City. Section 1.07. For the reasons stated in these Recitals and in consideration of the mutual