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RESOLUTION NO. 2014 -170R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A CHAPTER 380 ECONOMIC <br />DEVELOPMENT INCENTIVE AGREEMENT WITH UNITED WELD <br />OPERATIONS, L.L.C., AND ITS AFFILIATED ENTITIES, PROVIDING <br />INCENTIVES IN THE FORM OF ANNUAL REFUNDS OF 80 PERCENT <br />OF AD VALOREM TAXES GENERATED FROM NEWLY ADDED REAL <br />AND PERSONAL PROPERTY OVER TEN YEARS TO LOCATE THE <br />COMPANY'S MANUFACTURING OPERATIONS TO THE FORMER <br />BUTLER MANUFACTURING FACILITY AT 2301 NORTH IH -35 AND <br />ADJACENT LOTS OFF OF CARLSON CIRCLE; AUTHORIZING THE <br />CITY MANAGER TO EXECUTE SAID AGREEMENT; AND <br />DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Chapter 380 Economic Development Incentive Agreement <br />(the "Agreement ") is hereby approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on December 16, 2014. <br />a ro <br />Mayor <br />Attest: <br />J Jamie L Pettijo r <br />City Cl % <br />