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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Process Incentives. The City of San Marcos has a professional Planning and Development Services and Engineering department experienced in developments of all sizes. In some cases, expedited processes may be offered so long as they do not conflict with applicable ordinances or other laws or create a negative impact to the thoroughness of reviews and inspections. Requests for process incentives shall be directed to the City’s Economic Development staff. Small Business Retention Incentive. Businesses having 1 to 25 full-time employees that have operated with a physical presence in San Marcos for at least 24 months may be eligible to apply for the Small Business Retention Incentive for infrastructure assistance or jobs-based grants. The details of this program can be found in Exhibit G. Requests for Small Business Retention Incentives shall be directed to the City’s Economic Developmentstaff. Speculative Buildings. Incentives may be considered for high-quality speculative new-build construction where less than 50% of the space is pre-leased or owner-occupied. The details of this program can be found in Exhibit H. Requests for speculative building incentives shall be directed to the Greater San Marcos Partnership. Sustainable Resources Grant. Businesses implementing environmentally sustainable business practices may be eligible for a grant to reimburse for eligible projects. The details of this program can be found in Exhibit I. Requests for a Sustainable Resources Grant shall be directed to the City’s Economic Development staff. Tax Increment Reinvestment Zones or Public Improvement Districts. Special zones and districts may be created to pay for improvements in a geographic area. Requests for TIRZ or PID incentives shall be directed to the City’s Economic Development staff. Utility Fee Reductions for Commercial Users. Temporary utility fee reductions may be considered. Requests for fee reductions shall be directed to the City’s Economic Development staff. 5. Performance Financial incentives granted by the City of San Marcos are performance-based. A project that fails to satisfy the terms outlined in its approved agreement will not be eligible to receive its commensurate incentive. Incentive agreements shall include specific recapture provisions to safeguard the City of San Marcos from potential financial loss. The City of San Marcos will perform evaluations of approved incentive agreements to ensure compliance by all parties. For some incentives, an annual compliance certificate must be received by City of San Marcos staff each year of an active agreement prior to the corresponding yearly incentive being released. 6. Ineligible or Reviewed Case-by-Case Projects The Policy does not consider incentives for residential projects or the residential portion of designated mixed-use projects. Direct sales businesses without a physical, non-residential presence are not eligible for incentives through this Policy. 5