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<br />RESOLUTION NO. 2015- R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXASADOPTING A POLICY REGARDING USE OF THE <br />CITYOFSANMARCOSECONOMICDEVELOPMENT <br />SUPPLEMENTAL FUND;AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. <br />The City of San Marcos has established an Economic Development Supplemental <br />Fund (the “Fund”) to supplement existing economic development incentive tools and provide for <br />land, buildings, equipment, facilities, targeted infrastructure, and improvements related to the <br />creation or retention of primary jobs.. <br />2. <br />The City Council wishes to adopt a policy to direct how money from the Fund <br />may be allocated. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1 <br />.The attached Policy Regarding Use of the City of San Marcos Economic <br />Development Supplemental Fundis hereby approvedand adopted. <br />PART 2. <br />This Resolution shall be in full force and effect from and after its passage. <br />ADOPTED <br />onDecember 1, 2015. <br />Daniel Guerrero <br />Mayor <br />Attest: <br />Jamie Lee Pettijohn <br />City Clerk <br /> <br />