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Res 2020-272/establishing a two year moratorium on financial incentives, such as, but not limited to Public Improvement Districts, Tax Increment Reinvestment Zones, and Chapter 380 Economic Development Grants, for residential development to allow the Cit
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Res 2020-272/establishing a two year moratorium on financial incentives, such as, but not limited to Public Improvement Districts, Tax Increment Reinvestment Zones, and Chapter 380 Economic Development Grants, for residential development to allow the Cit
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Resolutions
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2020-272
Date
12/15/2020
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i. Infill projects are proposed developments of vacant land within an existing urban <br />area (inside the city limits of San Marcos as of the effective date of this resolution) <br />that is already largely developed. <br />ii. Redevelopment projects are proposed developments that transform previously <br />developed property within the existing urban area (inside the city limits of San <br />Marcos as of the effective date of this resolution) into a productive use. <br />b. Are for developments that would require at least 51% of the residential units be Workforce <br />Housing. Workforce Housing shall be defined as housing that can be purchased by <br />households earning no more than 140% of the City of San Marcos area median family <br />income; <br />c. Are for developments that propose or apply for a Texas Pollutant Discharge Elimination <br />System (TPDES) pen -nit to construct and operate a wastewater treatment "package plant" <br />or other similar type system to handle the wastewater needs for the development, which <br />may have an adverse impact on the environment and orderly extension of centralized city <br />utility service; or <br />d. Are for, or relate to, developments that have received a previous financial incentive. <br />3. This Resolution shall be in full force and effect from and after its passage. <br />ADOPTED on December 15, 2020. <br />ane Hughson <br />Mayor <br />Attest: <br />�.14 d <br />)ammy,:� Cook <br />Interim City Clerk <br />
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