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RESOLUTION NO. 2015-91R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS APPROVING A CHAPTER 380 <br />ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT WITH <br />HUMPTY DUMPTY SSM, LTD. FOR THE REDEVELOPMENT <br />OF SPRINGTOWN SHOPPING CENTER THAT PROVIDES <br />INCENTIVES OVER TEN YEARS IN THE FORM OF ANNUAL <br />REFUNDS OF A PORTION OF NEW PROPERTY AND SALES <br />TAXES GENERATED FROM THE REDEVELOPMENT AND <br />THAT WAIVES CERTAIN SIGN AND DEVELOPMENT <br />STANDARDS UNDER THE CITY'S LAND DEVELOPMENT <br />CODE; AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The attached Chapter 380 Economic Development Incentive <br />Agreement with Humpty Dumpty SSM, Ltd. (the "Agreement ") is hereby approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf <br />of the City. <br />PART 3. This resolution shall be in full force and effect from and after its <br />passage. <br />ADOPTED on July 21, 2015. <br />iel Guerre <br />Mayor <br />Attest: <br />Jamie Lee Pettij�hn <br />City Clerk t <br />