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City Council Meeting Minutes June 1, 2021 <br />Staff recommended review the application process and timing. <br />Council provided consensus to move forward and allow staff to work on this. <br />5. Economic Development Supplemental Fund (EDSF) <br />Staff inquired about updating target industries and allocating funding in future <br />budgets. <br />Council provided consensus to move forward with updating targeted industries and <br />to allocate funding in future budgets with a focus on legacy businesses for the <br />funding. <br />City Staff will work with the Economic Development San Marcos Board, Chamber <br />of Commerce and the Greater San Marcos Partnership to address each of the <br />Council directed changes to the policy. Recommendations will be brought forward <br />for Council review/discussion at a future date. <br />EXECUTIVE SESSION <br />2. Executive Session in accordance with Sec. §551.071 of the Texas Government Code: <br />Consultation with Attorney: To receive advice of legal counsel regarding the Purchase <br />and Sale Agreement with Pursuant Ventures Development, LLC for the San Marcos <br />Sportsplex Project <br />A motion was made by Council Member Baker, seconded by Council Member <br />Gonzales, to enter into Executive Session at 4:41 p.m. <br />The motion carried by the following vote: <br />For: 7 - Mayor Pro Tem Derrick, Mayor Hughson, Council Member Baker, Council Member <br />Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council <br />Member Gleason <br />Against: 0 <br />III. Adjournment. <br />Executive Session was concluded at 5:14 p.m. <br />A motion was made by Mayor Pro Tem Derrick, seconded by Council Member <br />Baker to adjourn the work session of the City Council at 5:16 p.m. <br />The motion carried by the following vote: <br />City of San Marcos Page 4 <br />