Res 2009-024 - Laserfiche WebLink

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• RESOLUTION 2009-24R A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS ESTABLISHING AND PROVIDING FOR THE ADMINISTRATION OF A PROGRAM UNDER CHAPTER 380 OF THE TEXAS LOCAL GOVERNMENT CODE PROVIDING INCENTIVES TO QUALIFIED TEXAS STATE UNIVERSITY-SAN MARCOS PROFESSORS TO RESIDE IN THE CITY IN ORDER TO PROMOTE LOCAL ECONOMIC DEVELOPMENT AND TO STIMULATE BUSINESS AND COMMERCIAL ACTIVITY IN THE CITY; AUTHORIZING FUNDING FOR SUCH PROGRAM IN AN AMOUNT NOT TO EXCEED $50,000.00; AUTHORIZING THE CITY MANAGER TO IMPLEMENT THE PROGRAM ON BEHALF OF THE CITY; APPROVING AN AGREEMENT BETWEEN THE CITY OF SAN MARCOS, TEXAS AND TEXAS STATE UNIVERSITY-SAN MARCOS TO FACILITATE THE PROVISION OF THE INCENTIVES TO SUCH QUALIFIED PROFESSORS; AUTHORIZING THE CITY MANAGER TO EXECUTE THIS AGREEMENT ON BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE DATE. RECITALS: • 1. Texas State University-San Marcos is the largest employer in the City of San Marcos and plays a major role in the economy of the City. 2. A significant percentage of Texas State University-San Marcos Professors working in the City reside outside the City. 3. The City seeks to encourage more professors working in the City to also maintain their primary residences in the City. 4. Increasing the number of professors who both work and reside in the City will promote local economic development and stimulate business and commercial activity in the City by, among other things: a) generating spending at local businesses and attractions and spurring other employment opportunities related to the provision of goods and services to such residents; b) fostering residential development and enhancing the collection of ad valorem taxes associated therewith; C) raising enrollment in and adding to the diversity and quality of schools in • the City which, in turn will help to attract employers to the City; and