Res 2015-093/Chapter 380 Economic Development Incentive Agreement with Tanger Properties Limited Partnership that provides incentives over ten years in an amount not to exceed $2,500,000.00 in the form of annual refunds of a portion of new property and s

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EXHIBIT "C" Form of Compliance Certificate CHAPTER 380 ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT ANNUAL COMPLIANCE CERTIFICATE From: Report Date: Reporting Period: to Real Property Improvements: To: City of San Marcos Attn: City Manager 630 East Hopkins Street San Marcos, TX 78666 Sales Taxes: Base Year Sales Taxes Reporting Period Sales Added Sales Tax Value Taxes Taxes Paid Property Tax Portion of Grant Payment T _ %n X Added Property Taxes Base Tax Year Value Reporting Period Value of all Improvements Added Property Tax Value Taxes Paid Total Sales Taxes: Base Year Sales Taxes Reporting Period Sales Added Sales Tax Value Taxes Taxes Paid Property Tax Portion of Grant Payment T _ %n X Added Property Taxes Amount Sales Tax Portion of Grant Payment = _% X Added Sales Taxes Amount Total Grant Payment Total Attach receipts and accompanying documentation regarding amount of Tanger's reinvestment of funds for the benefit of Tanger Outlets. By signature of the authorized representative below, Tanger hereby certifies that it is in full compliance with the Chapter 380 Economic Development incentive Agreement with the City of San Marcos dated July 21, 2015, except as otherwise indicated. Please explain any non - compliance with Agreement and reasons therefor and measures being taken to cure. The City Manager may agree to an amendment to this form from time to time, provided such amended form shall be substantially similar in reporting the information necessary to confirm compliance with the Chapter 380 Agreement and to calculate the Grant Payments. Upon request of the City Manager, Tanger shall supplement this form with such information as is reasonably necessary for the City to audit or verify the information reported by Tanger. 12