Laserfiche WebLink
RESOLUTION NO. 2015 -94R <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 <br />AMAZON.COM.KYDC, LLC, PROVIDING INCENTIVES IN THE FORM <br />OF ANNUAL REFUNDS OF 85 PERCENT OF AD VALOREM TAXES <br />GENERATED FROM PERSONAL PROPERTY AND 40 PERCENT OF <br />AD VALOREM TAXES GENERATED FROM REAL PROPERTY OVER <br />TEN YEARS, WITH A POSSIBLE EXTENSION FOR AN ADDITIONAL <br />FIVE YEARS, AND A PERCENTAGE OF SALES TAX REVENUES <br />OVER TWENTY YEARS, TO LOCATE AND OPERATE A <br />FULFILLMENT CENTER ON MCCARTY LANE; 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 />City. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of the <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />ADOPTED on July 21, 2015. <br />a o <br />Mayor <br />Attest: <br />f, <br />Jamie ee Pettije n <br />City C1 4k f <br />