Laserfiche WebLink
RESOLUTION NO. 2021-157R <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 WHISPER <br />INDUSTRIAL 2019 QOZB, LLC, PROVIDING INCENTIVES IN THE <br />FORM OF REFUNDS OF A PERCENTAGE OF REAL AND PERSONAL <br />PROPERTY TAXES OVER THREE YEARS FOR THE LEASE OF A <br />MINIMUM OF 90,000 SQUARE FEET OF SPACE AT 1225 FORTUNA <br />ROAD TO COOPERATIVE LAUNDRY SMS, LLC FOR THE LOCATION <br />OF A NEW REGIONAL ROBOTIC OPERATED COMMERCIAL <br />LAUNDRY FACILITY; AUTHORIZING THE CITY MANAGER, OR HIS <br />DESIGNEE, TO EXECUTE SAID AGREEMENT; AND DECLARING AN <br />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 August 17, 2021. <br />ane Hughson <br />Mayor <br />Attest: <br />" ammy,. Cook <br />Interim City Clerk <br />