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• RESOLUTION 2008170RR <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, <br />APPROVING A CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT <br />BETWEEN THE CITY OF SAN MARCOS, TEXAS AND HEB GROCERY COMPANY, <br />L.P. PROVIDING FOR INCENTIVES IN THE FORM OF REFUNDS OF REAL <br />PROPERTY TAXES ON NEW IMPROVEMENTS OVER 20 YEARS IN THE <br />ESTIMATED AMOUNT OF $1,357,445.00; AUTHORIZING THE CITY MANAGER TO <br />EXECUTE SAID AGREEMENT; 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 terms and conditions of the attached Chapter 380 Agreement between <br />the City of San Marcos, Texas and HEB Grocery Company, L.P. are hereby approved. <br />PART 2. The City Manager, Rick Menchaca, is authorized to execute said <br />agreement on behalf of the City. <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br />is ADOPTED this the 16th day of December, 2008. <br />Susan Narvaiz, <br />Mayor <br />Attest: <br />S erry Mas rn, <br />City Clerk <br />E