Laserfiche WebLink
RESOLUTION NO. 2018-184R <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 KATERRA, <br />INC. TO LOCATE AN AUTOMATED BUILDING COMPONENT <br />MANUFACTURING AND DISTRIBUTION FACILITY ALONG <br />STATE HIGHWAY 80 EAST OF STATE HIGHWAY 21, WHICH <br />AGREEMENT PROVIDES INCENTIVES OVER TEN YEARS IN <br />THE FORM OF ANNUAL REFUNDS OF A PORTION OF NEW <br />PROPERTY TAXES GENERATED FROM THE FACILITY AND <br />WAIVES CERTAIN DEVELOPMENT STANDARDS; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />AGREEMENT; 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 Agreement <br />with Katerra, Inc. (the "Agreement') is hereby approved. <br />PART 2. The City Manager is authorized to execute the Agreement on behalf of <br />the City. <br />r PART 3. This resolution shall be in full force and effect from and after its passage. <br />ADOPTED on October 16, 2018. <br />pieBill <br />123=1 1101 = <br />M <br />r <br />o homaides <br />Mayor <br />