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• RESOLUTION NO. 2010 -170R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, APPROVING A CHAPTER 380 ECONOMIC <br />DEVELOPMENT AGREEMENT BETWEEN THE CITY OF SAN <br />MARCOS, TEXAS AND PRIMEFORM SYSTEMS, L.L.C., PROVIDING <br />FOR AN ECONOMIC DEVELOPMENT INCENTIVE IN THE FORM OF <br />ANNUAL REFUNDS OF SALES AND PERSONAL PROPERTY AD <br />VALOREM TAXES OVER FIVE YEARS IN A CUMULATIVE AMOUNT <br />NOT TO EXCEED $175,000.00 FOR THE DEVELOPMENT OF A NEW <br />MANUFACTURING FACILITY FOR COMPOSITE INSULATING <br />CONCRETE FORMS AND RELATED PRODUCTS; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE SAID AGREEMENT; AND <br />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 PrimeForm Systems, L.L.C. (the "Agreement ") are hereby <br />approved. <br />• PART 2. The Interim City Manager, Laurie Moyer, is authorized to execute the <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 />ADOPTED this the 1 st day of November, 2010. <br />Attest: <br />Shelley G dwin <br />Interim City Clerk <br />49 <br />Susan Narvai <br />Mayor <br />