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RESOLUTION NO. 2024-208R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS APPROVING A CHAPTER 380 ECONOMIC <br /> DEVELOPMENT INCENTIVE AGREEMENT WITH HEB, LP UNDER <br /> G THE CITY COUNCIL'S OPEN SOLICITATION AND OFFER OF <br /> INCENTIVES TO GROCERY STORES TO LOCATE IN THE CITY THAT <br /> PROVIDES INCENTIVES FOR HEB TO CONSTRUCT A NEW <br /> GROCERY STORE AT THE SOUTHEAST CORNER OF IH-35 AND <br /> MCCARTY LANE IN THE FORM OF REFUNDS OF A PERCENTAGE OF <br /> ADDITIONAL PROPERTY AND SALES TAXES GENERATED BY THE <br /> NEW STORE OVER FIVE YEARS; 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 /> with HEB,LP(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. <br /> ADOPTED on November 06 2024. <br /> Lj S&kllk-1 <br /> )ane=ughson <br /> Mayor <br /> Attest: <br /> Elizabeth Trevino <br /> City Clerk <br />