06.01.21 Work Session - Laserfiche WebLink

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City Council Meeting Minutes June 1, 2021 process. Policy Considerations include: Ensure San Marcos competitiveness • Attraction of new jobs and investment — new or expanding • Provide financial incentives as the final complementary component in a firm's decision to locate or expand in San Marcos ❑ Integrate other City planning and project initiatives • Support Comprehensive Plan and strategic initiatives • Support existing Tax Increment Financing Zones, Public Improvement Districts, and other target geographic areas e.g., Downtown Master Plan) ❑ Align with community and Council values • Social sustainability • Impact on the environment and river • Water usage ❑ Economic development funding • San Marcos is not a Type A or Type B sales tax city • Current (Chapter 380 property tax rebates) and potential new tools ❑ Consider amount and length of incentives under Senate Bill 2 • New Construction and Expansion Valuations — do not count against 3.5% cap in first year — increase the base for the 3.5% calculation • Consider impacts for existing business expansions • Financial health of the City's General Fund Mrs. Jordan Lee went through each section of the Policy, provided recommendations and asked for Council feedback within each section. 1. General Purpose & Objectives Staff recommended updating the purpose and objective statement to capture the City's current goals for development to include consideration of community values. Council provided consensus to remove the geography portion, to add sustainability, and include values from the Comprehensive Master Plan and Charter. These may go in different sections. 2. Definitions Staff recommended adding or updating definitions for clarity. Council provided consensus to Update definitions. These include: Full -Time Jobs - add definition (30 hours) Family Living Wage - update definition and amount City of San Marcos Page 2