Res 2024-152 approving a one-year extension of the city’s contract with the Greater San Marcos Partnership (“GSMP”) in the amount of

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D. Business Attraction (Contacts and Leads). The Partnership agrees to function as the City's initial contact for prospective employers and businesses in primary industry sectors in matters related to economic development and will work to diversify and grow the local economy through a targeted business attraction program. The Partnership will continue to pursue business leads on behalf of the City and participate in the negotiation of incentives with all such prospects. The Partnership may also assist other municipal members of the Partnership to pursue business leads generated by such municipality provided that assisting such other municipality does not conflict with the City's pursuit of a business lead. 1. Objective: Execute an annual business attraction strategy in target industry sectors that will generate high quality jobs for San Marcos. 2. Deliverables: a. The Partnership will implement the City of San Marcos economic development policy for business attraction projects within the City of San Marcos, including, but not limited to, environmental impacts, minimum wage requirements and known information about a company's reason for expansion or relocation. b. The Partnership will respond on behalf of the City to all Requests for Information ("RFIs") and site selection requests for which the City of San Marcos has eligible properties. C. The Partnership will host at least one Familiarization Tour ("FAM Tour") each fiscal year and will include City leadership and staff to showcase key properties within the City of San Marcos. d. The President/CEO will proactively contact at least nine prospective business that could provide an Extraordinary Economic Impact as outlined in the Economic Development Policy of the City. e. The Partnership shall support the city's efforts to expand mental healthcare services and access. f. Whenever the Partnership provides a list of available properties to a prospect seeking to locate in the San Marcos region, and such list includes properties both inside and outside the corporate limits of San Marcos, the Partnership shall place all properties inside the corporate limits first on the list before any other properties. g. At least monthly, the Partnership shall provide to the City Manager, or designee, a written report identifying all business prospects with which the Partnership has made contact on behalf of the City of San Marcos. A project code name may be used in instances the company has entered into a Non- Disclosure Agreement with the Partnership. h. Provide to the City's Economic and Business Development Manager, an Economic Impact Analysis (EIA) outlining the costs and benefits of any submitted incentive application. Page 3 of 12