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RESOLUTION NO. 2021-48R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING AMENDMENT NUMBER ONE <br />TO THE CHAPTER 380 ECONOMIC DEVELOPMENT <br />INCENTIVE AGREEMENT WITH BEST BUY TEXAS.COM, LLC <br />THAT PROVIDED CERTAIN INCENTIVES FOR SAID COMPANY <br />TO LOCATE AND OPERATE AN INTERNET SALES <br />OPERATIONS CENTER IN THE CITY FOR THE PURPOSE OF <br />CONFORMING THE AGREEMENT TO CHANGES IN LAW <br />REGARDING THE SOURCING OF SALES TAXES ON INTERNET <br />SALES; AUTHORIZING THE CITY MANAGER, OR HIS <br />DESIGNEE, TO EXECUTE SAID AMENDMENT; AND <br />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 Amendment Number One to the Chapter 380 Economic <br />Development Incentive Agreement with Best Buy Texas.com (the "Amendment") is <br />hereby approved. <br />PART 2. The City Manager, or his designee, is authorized to execute the <br />Amendment on behalf of the City. <br />PART 3. This resolution shall be in full force and effect from and after its passage. <br />ADOPTED on March 2, 2021. <br />/Jane Hughson <br />Mayor <br />Att t: <br />r` a my I� Cook <br />Interim..' y Clerk <br />