Res 2022-130R/approving a Chapter 380 Economic Development Incentive Agreement with Hill Country Group, LLC, providing incentives in the form of refunds of a percentage of real and personal property taxes over five years

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by an amount equal to the percentage of Real Property Taxes attributable to each such fully leased building(See table below). For instance,if no building is fully leased in 2023,Developer is eligible to receive a full Grant Payment from the City by March 31, 2024. If one spec building subsequently becomes fully leased in 2024, Developer would retain the previously paid Grant Payment, but the Grant Payment for the year 2024 (to be paid by the City by March 31, 2025) would be reduced by a percentage equal to the percentage of Real Property Taxes attributable to the fully leased building. If both buildings comprising the Building Improvements become fully leased during the Term, then the City would not owe, and Developer waives the right to collect, any further Grant Payments, except for unpaid amounts owed by the City for years prior to the year full leasing occurred. [TABLE ON NEXT PAGE] Year Building Percentage of Real Percentage of Real Total Grant Improvements Property Taxes Property Taxes Payment Schedule Attributable to Attributable to Earned Building 1 eligible Building 2 eligible to be Refunded to be Refunded 2021 Start None None None Improvements 2022 Complete None None None m rovements 2023 100%if not fully 100%if not fully Sum of eligible leased leased refunds for N/A buildingsl-2 0%if fully leased 0%if fully leased (Paid in 2024) 2024 75%if not fully leased 75%if not fully leased Sun of eligible refunds for N/A 0%if fully leased 0%if fully leased buildings 1-2 (Paid in 2025) 2025 50%if not fully leased 50%if not fully leased Sum of eligible refunds for N/A 0%if fully leased 0%if fully leased buildings)-2 (Paid in 2026 ARTICLE V REPRESENTATIONS AND WARRANTIES OF DEVELOPER As of the Effective Date,the Developer represents and warrants to the City, as follows: 6