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Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes
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Res 2021-157/approving a Chapter 380 Economic Development Incentive Agreement with Project Robot, providing incentives in the form of refunds of a percentage of real property taxes
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10/13/2021 11:39:23 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2021-157
Date
8/17/2021
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<br />Section 2.04. Facility <br />building located on the Land having an exterior appearance substantially similar to that <br />shown in Exhibit A, attached hereto and made a part hereof. <br />Section 2.05. Grant Payments Company once per <br />calendar year for three years in amounts equal to percentages of the Additional Property <br />Taxes generated from the Land as shown in the table under Section 4.02. <br />Section 2.06. Job(s)-time employment position at the Land <br />resulting from or provided in connection with the Project (defined below), which position <br />provides 2,080 annual full-time hours of employment or equivalent, paid sick days, and <br />annual paid vacation based on length of service and paid holidays. A Job shall be a position <br />for which Tenant offers an employee only base benefits package to include health, vision, <br />and dental beginning day one of employment. A Job shall pay a minimum wage of $15.00 <br />per hour. Any position not meeting such <br />of this Agreement. <br />Section 2.07. Land <br />San Marcos and Hays County, Texas at 1225 Fortuna Road (R174112) upon which the <br />Project shall be executed, and further described as Lot 2, Whisper Industrial, a subdivision <br />in Hays County, Texas, according to the map or plat thereof recorded as Document No. <br />20020181, Plat Records of Hays County, Texas. <br />Section 2.08. Personal Property <br />attributable to the Business on the Land subject to ad valorem taxes. <br />Section 2.09. ProjectBusiness on the Land and <br />includes, without limitation, satisfaction of the conditions in Article 3 (by Company or <br /> <br /> <br />
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