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Res 2021-178/approving an agreement with the Greater San Marcos Economic Development Corporation (“The Greater San Marcos Partnership”) for economic development and small business economic development services in the amount of $400,000 per year
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Res 2021-178/approving an agreement with the Greater San Marcos Economic Development Corporation (“The Greater San Marcos Partnership”) for economic development and small business economic development services in the amount of $400,000 per year
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4/2/2024 4:12:39 PM
Creation date
9/23/2021 3:21:18 PM
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Resolutions
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Agreement
Number
2021-178
Date
9/7/2021
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<br />B.Board Appointments. The City shall appoint six (6) members to the Partnership <br />Board. These appointees shall include the City Manager, the Mayor, the Economic Development <br />San Marcos Chair, San Marcos Regional Airport representative and at least two elected officials. <br />At least one elected City representative shall serve on the Nominating Committee. Per the <br />Partnership bylaws, the Nominating Committee meets not less than three times per year and <br />includes the Chair, Vice Chair, one Board member, two Lead members noton the Board and one <br />General member not on the Board. <br />SECTION 3. TERM <br />A.The term of this Agreement shall be from October 1, 2021 through September 30, <br />2024. <br /> <br />B. Pursuant to the City's rights and obligations under this Agreement, both parties <br />agree and acknowledge that a review of the terms and conditions contained in this Agreement shall <br />be conducted annually in March, in order to assure alignment with the City's visioning process. <br /> <br />SECTION 4. MISCELLANEOUS <br /> <br />A. Notices. Notices required by this Agreement will be provided by the parties to one <br />another by certified mail, return receipt requested, or by confirmed facsimile or email transmission, <br />to the following addresses: <br /> <br />To the City: <br /> <br />City Manager <br />City of San Marcos <br />630 E. Hopkins <br />San Marcos, TX 78666 <br />Fax: 512/396-4656 <br />Email: blumbreras@sanmarcostx.gov <br /> <br />To the Partnership: <br /> <br />President & CEO <br />Greater San Marcos Partnership <br />113 N Guadalupe St. <br />San Marcos, TX 78666 <br />Phone: 512/393-3400 <br />Email: jasong@greatersanmarcostx.com <br /> <br />If a party changes its address, facsimile number or email address for notice purposes, it will provide <br />written notice of the new information to the other party within 10 days of the change. <br /> <br />B. Non-Appropriation of Funds. Funds for payments under this Agreement shall be <br />Page 10 of 22 <br /> <br />
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