01182007 Regular Meeting - Laserfiche WebLink

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Regular Meeting January 18, 2007 Page 7 MEDIA; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT; AND DECLARING AN EFFECTIVE DATE. Mr. Jones moved for adoption of Resolution with amendments, and Mr. Guerrero seconded the motion. Mr. O'Leary stated Kula media is seeking to relocate its new business in order to provide room for growth. He also stated Kula is a new high tech industry that is interested in keeping its business in the downtown area. This development agreement is to help Kula with its plans to stay in the downtown area and expand its business. Mayor Narvaiz stated a group of people met with Kula Media and they support this Resolution. Mr. Thomaides inquired to where the funding would come from. Mr. O'Leary stated the funding would come from the General Fund. Ms. Robertson stated the City is requesting this company stay in San Marcos, but we are not requiring them to live in San Marcos. She stated she also feels there should be a $125,000.00 cap on funding. Mayor Narvaiz stated the focus is to come back with a final location within 90 days and not one year. Ms. Robertson moved to amend the agreement by adding the cap of funding for $125,000.00, Mr. Thomaides seconded the motion. Mr. Bose stated he supports the cap of funding. On roll call for the amendment the following vote was recorded: AYE: Thomaides, Couch, Bose and Robertson. NAY: Narvaiz, Guerrero and Jones. ABSTAIN: None. Mr. Thomaides moved to amend the Resolution to add the funding for this project should be taken from the City Council Economic Development line item, and Ms. Robertson seconded the motion, which passed unanimously. Mr. Thomaides stated the City Council has a lot of request for funding and we must stay within our budget. Mr. Jones stated he feels this is a great investment. Mr. Guerrero stated the City Council gave our work regarding funding and now they went back on their word. He stated this Resolution has now been changed and he will not support it. Mayor Narvaiz stated she agreed with Mr. Guerrero. Mr. Jones stated he feels the contract should allow this business to come back to the Council in one year to ask for additional funding. Mr. Jones moved to amend the agreement to add the review of the company status in six months, Mr. Guerrero seconded the motion. Mr. Jones withdrew motion, and Mr. Guerrero withdrew his second. Mr. Thomaides moved to reconsider the motion to adding the cap of funding for $125,000.00, and Ms. Couch seconded the motion, which passed unanimously. Mr. Guerrero moved to remove the cap of funding, and Mr. Jones seconded the motion. Mr. Thomaides stated he wants to reconsider the funding cap since the Council had already negotiated the agreement with Kula Media. Mr. Jones stated he does not want to loose this business, and the career opportunities he can bring to our citizens. Mayor Narvaiz stated she support the agreement as it was originally negotiated and presented to