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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
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9/23/2021 3:21:18 PM
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Agreement
Number
2021-178
Date
9/7/2021
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Marcos has eligible properties. <br />c. The Partnershipwill host at least one Familiarization Tour (“FAM Tour”) <br />each fiscal year and will include Cityleadership and staff to showcase key <br />properties within the City of San Marcos. <br /> <br />d. The President/CEO will proactively contact at least nine prospective <br />business that could provide an Extraordinary Economic Impact as outlined <br />in the Economic Development Policy of the City. <br /> <br />e. The Partnership will include in its attraction efforts,mental healthcare <br />providers and professionals. <br />f.Whenever the Partnershipprovides a list of available propertiesto a <br />prospect seeking to locate in the San Marcos region, and such list includes <br />properties both inside and outside the corporate limits of San Marcos, the <br />Partnership shall place all properties inside the corporate limits first on the <br />list before any other properties. <br /> <br />g. At least monthly, the Partnership shall provide to the City Manager, or <br />designee, a written report identifying all business prospects with which the <br />Partnership has made contact on behalf of the City of San Marcos. A project <br />code name may be used in instances the company has entered into a Non- <br />Disclosure Agreement with the Partnership. <br />h.Provideto the City’s Economic and Business Development Manager,an <br />Economic Impact Analysis (EIA) outlining the costs and benefits of any <br />submitted incentive application. <br /> <br />i. For companies requesting incentives that are Large Enterprises (defined <br />as either having more than 1,000 employees or more than $500 million <br />in disclosed annual revenue), the Partnership will procure from a <br />reputable third-party an Environmental, Social, and Governance (ESG) <br />report and include it as an appendix to the EIA. <br /> <br />ii. For companies requesting incentives that are not Large Enterprises, the <br />Partnership shall determine if an ESG report is available through the <br />same service provider it utilizes for procuring reports for Large <br />Enterprises and, if so, shall notify the City Manager of the potential <br />availability of the third-party ESG report. However, the Partnership <br />shall not procure the ESG report unless specifically directed to do so by <br />the City Manager. <br /> <br />iii. The cost for each ESG report shall be submitted by the Partnership to <br />the City for reimbursement of the actual cost of the report (i.e., without <br />mark-up or added fees or charges), including supporting documentation. <br />Page 4 of 22 <br /> <br />
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