Res 2022-094R/Amending the City's Economoc Development Policy among other things to expand available incentive category for new and existing business reallocate scoring matrix points and update definitions

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facades,signage,lighting,andlife-safety systems forcommercialbuildingsthrough a 50%matchinggrantof up to $20,000. An additional 50% matching grant up to $5,000 is available for removal and replacement of non-conforming signage. The details of this program can be found in Exhibit B. Requests for BIG Grants shall be directed totheCity’s EconomicDevelopment Staff. Chapter 312 Agreements. Chapter 312 of the Tax Code allows a taxing unit to exempt all or part of the increase in value for real property from taxation for a period of up to 10 years. A project must fall within a designated reinvestment zone. The process for Chapter 312 Agreements can be found in Exhibit A. Requests for Chapter 312 Agreements shall be directed to the Greater San Marcos Partnership. Chapter 380 Agreements. Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development. Incentives may be in the form of tax rebates or jobs- based grants or waivers from certain development standards. The process for Chapter 380 Agreements be found in Exhibit A. Requests for Chapter 380 Agreements shall be directed to the Greater San Marcos Partnership. Downtown Co-Marketing Fund. The City of San Marcos Downtown Co-Marketing fund is a marketing program that provides matching advertising funds for business within the Main Street District to promote their business in areas outside of the San Marcos area. The process for the Downtown Co-Marketing Fund can be found in Exhibit C and requests shall be directed to the City’s Main Street staff. Economic Development Supplemental Fund. This Fund complements existing economic development incentive tools for projects to be located within areas and with uses as provided for the City’s Comprehensive Plan. The details of this program can be found in Exhibits A and D. Requests for Economic Development Supplemental Fund support shall be directed to the Greater San Marcos Partnership. Fee waivers. Waivers can represent a full or partial waiver of development-related fees, such as permit fees, to reduce the overall cost of a project. Fee waivers may be approved by the City Manager, but total fee waivers shall not exceed $50,000 per project except when approved by City Council. Waivers are not retroactive, and reimbursements will not be granted for fees already paid. Requests for fee waivers shall be directed to the Greater San Marcos Partnership. Infrastructure assistance. Improving or extending electric, water, or wastewater lines within the City’s service area may be considered. Requests for infrastructure assistance shall be directed to the City’s Economic Development staff. Legacy Business Program. Businesses maintaining a continuous, physical presence in the City of San Marcos for at least 20 years are eligible to apply for the Legacy Business Program for promotional and technical support and possible financial incentives. The details of this program can be found in Exhibit E. Request for Legacy Business Program incentives shall be directed to the City’s Economic Development staff. Main Street Incentive Grant. The San Marcos Main Street program has established the Main Street Incentive Grant to provide financial assistance to property owners or business owners seeking to renovate or restore facades or signage in the Main Street district. The Main Street program will provide a 50% matching grant to reimburse up to $2,000. The details of this program can be found in Exhibit F. Requests shall be made to the City’s Main Street staff. 4