08.16.2016 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes August 16,2016 Against: 0 18. Consider approval of Ordinance 2016-31, on the first of two readings, authorizing the redemption of all outstanding City of San Marcos, Texas Waterworks and Waste Water System Revenue Bonds, Series 2006 and Taxable Series 2006. A motion was made by Council Member Gregson, seconded by Council Member Hughson, to approve Ordinance 2016-31, on the first of two readings. The motion carried by the following vote: For: 7- Mayor Guerrero, Mayor Pro-Tern Thomaides, Council Member Prather, Deputy Mayor Pro Tem Prewitt, Council Member Hughson, Council Member Derrick and Council Member Gregson Against: 0 19. Consider approval of Ordinance 2016-32, on emergency, ordering a General Election to be held on November 8, 2016 for the purpose of electing a Mayor, City Council Member for Place 1, and a City Council Member for Place 2; and ordering a Special Election to fill a vacancy for the one year remainder of the unexpired term of office of City Council Member Place 3 to be conducted concurrently with the General Election; making provisions for conducting the Election; declaring an emergency creating the need to adopt this ordinance with only one reading; and providing an effective date. A motion was made by Council Member Hughson, seconded by Council Member Derrick, to approve Ordinance 2016-32, on emergency. The motion carried by the following vote: For: 7- Mayor Guerrero, Mayor Pro-Tem Thomaides, Council Member Prather, Deputy Mayor Pro Tem Prewitt, Council Member Hughson, Council Member Derrick and Council Member Gregson Against: 0 20. Consider approval of Resolution 2016-112R approving a Chapter 380 Economic Development Incentive Agreement for "Project Texas" that provides incentives in the form of annual refunds of 50 percent of ad valorem taxes from personal property and 75 percent of sales tax revenues generated over ten years, with a possible extension for two additional ten year periods, for the receiving company to locate and operate an Internet Sales Operations Center in the city; authorizing the City Manager to execute said agreement; and declaring an effective date. Jared Miller, City Manager, provided the Council with an introduction and overview of the project. He formally announced that the company associated with the agreement is Best Buy. A motion was made by Council Member Gregson, seconded by Council Member Hughson, to approve Resolution 2016-112R. The motion carried by the following vote: City of San Marcos Page 10