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RESOLUTION NO.2024-67R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS SUPPORTING THE GRANTING OF ECONOMIC DEVELOPMENT <br />INCENTIVES UNDER CHAPTER 380 OF THE TEXAS LOCAL GOVERNMENT <br />CODE TO ENCOURAGE GROCERY STORE DEVELOPMENT, SUCH <br />INCENTIVES TO INCLUDE PROPERTY AND SALES TAX REBATES FOR UP <br />TO FIVE YEARS FOR PROJECTS INITIATED WITHIN FIVE YEARS OF THIS <br />RESOLUTION'S ADOPTION; AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. The City Council seeks to encourage the development of new and expansion of existing <br />grocery stores within the city limits. <br />2. In furtherance of this objective, the City Council wishes to offer its consideration of <br />possible economic development incentives to grocers under Chapter 380 of the Texas Local Government <br />Code <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br />PART 1. The City Council supports and will consider the possible grant of economic <br />development incentives for new grocery retail or existing grocery retail expansion projects. <br />PART 2. These incentives may be in the form of annual property and sales tax refunds <br />grocery retailers of up to 80 percent with percentage reductions annually for a period of up to five years. <br />PART 3. This resolution shall remain in effect until May 7, 2025, and shall apply to new or <br />expansion projects that have initiated the development process by applying for a development permit on or <br />before such date. <br />PART 4. This resolution shall be in full force and effect immediately from and after its <br />passage. <br />ADOPTED on May 7, 2024. <br />Jane Hughson ,.� <br />Mayor <br />Attest: <br />Elizabeth Trevino <br />City Clerk <br />