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RESOLUTION NO. 2020-23OR <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 DBI SAN MARCOS <br />PROPERTY, L.P., PROVIDING INCENTIVES IN THE FORM OF <br />REFUNDS OF A PERCENTAGE OF REAL PROPERTY TAXES OVER <br />THREE YEARS FOR THE DEVELOPMENT OF APPROXIMATELY <br />174,515 SQUARE FEET OF SPACE FOR LEASE TO COMMERCIAL AND <br />INDUSTRIAL USERS AT 1551 CLOVIS BARKER; AUTHORIZING THE <br />CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE SAID <br />AGREEMENT; AND 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 approved. <br />PART 2. The City Manager, or his designee, is authorized to execute the Agreement <br />on behalf of the City. <br />PART 3. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on October 20, 2020. <br />ne Hughson <br />Mayor <br />Attest: <br />Av, <br />1V <br />CT <br />mm Cook <br />- ter,i " ity Clerk <br />