Laserfiche WebLink
RESOLUTION NO. 2024-21R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> RCOS, TEXAS APPROVING A CHAPTER 380 ECONOMIC <br /> DEVELOPMENT INCENTIVE AGREEMENT WITH BUC-EE'S SAN <br /> MARCOS, LLC THAT PROVIDES INCENTIVES IN THE FORINT OF <br /> REFUNDS OF 50 PERCENT OF SALES TAXES GENERATED BY THE <br /> COMPANY OVER 15 YEARS FOR THE CONSTRUCTION OF A NEW <br /> BUC-EE'S TRAVEL CENTER ALONG I -35 SOUTH OF YARRINGTON <br /> ROAD, AND GRANTS A VARIANCE TO THE HEIGHT AND AREA <br /> REQUIREMENTS FOR ONE POLE SIGN; AUTHORIZING THE CITY <br /> MANAGER, OR HER DESIGNEE, TO EXECUTE SAID AGREEMENT; <br /> AND DECLARING AN EFFECTIVE DATE. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached Chapter 380 Economic Development Incentive Agreement <br /> (the "Agreement") is approved. <br /> PART 2. The City Manager, or her designee, is authorized to execute the Agreement <br /> on behalf of the City. <br /> PART 3. This resolution shall be in full force and effect immediately from and after <br /> its passage on second reading. <br /> PASSED on first reading on February 20, 2024. <br /> ADOPTED on second reading on March 5, 2024. <br /> Jane Hughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />