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RESOLUTION NO. 2017-78R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS APPROVING AN AGREEMENT WITH <br />URBAN MINING COMPANY AND URBAN MINING <br />DEVELOPMENT, LLC THAT PROVIDES ECONOMIC <br />DEVELOPMENT INCENTIVES FOR THE LOCATION OF A <br />HIGH TECHNOLOGY MANUFACTURING PLANT ALONG <br />CLOVIS BARKER ROAD NEAR LEAH AVENUE TO INCLUDE <br />REFUNDS OF 75 PERCENT OF PERSONAL PROPERTY TAXES <br />AND 25 PERCENT OF REAL PROPERTY TAXES OVER 10 <br />YEARS, WAIVERS OF CERTAIN DEVELOPMENT STANDARDS <br />AND THE DEFERRAL OF ANNEXATION FOR THE SITE OF <br />THE MANUFACTURING FACILITY AND ADJACENT <br />PROPERTY UNTIL COMPLETION OF THE FACILITY AND <br />PLATTING; AUTHORIZING THE INTERIM CITY MANAGER <br />TO EXECUTE SAID AGREEMENT ON BEHALF OF THE CITY; <br />AND DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br />PART 1. The attached Chapter 380 Economic Development Incentive <br />Agreement with Urban Mining Company and Urban Mining Development, LLC (the <br />"Agreement") is hereby approved. <br />PART 2. The Interim City Manager is authorized to execute the Agreement on <br />behalf of the City. <br />PART 3. This resolution shall be in full force and effect from and after its <br />passage. <br />ADOPTED on April 18, 2017. <br />ohn Thomaides <br />Mayor <br />Attest: <br />r <br />CJam7ie ee ase <br />Cle <br />