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1- I I I City of San Marcos Housing Infill Development Incentives Policy Community Overview The City of San Marcos is a culturally diverse, rapidly growing community that prides itself on its Texas- friendly ambience. A part of the beautiful Central Texas Hill Country, San Marcos serves as the Hays County seat and is located half way between Austin, the State Capitol, and its southern cousin, San Antonio Hays County is the fastest growing County in Central Texas and the sixth fastest growing County in the State. A number of factors make San Marcos an appealing place in which to live and work. Qualitv of Life The spring-fed San Marcos River meanders through the city and is the focus of many of the city's recreation activities including kayaking, snorkeling, and "tubing" Local museums and four historic districts preserve the city's rich history. The Downtown Historic District on the Courthouse Square offers a potpourri of shops referred to as the ''Texas Natural" marketplace, as well as a variety of clubs and restaurants. Dance, theater, sports events, art exhibits and concerts are regularly staged throughout the community Also calling San Marcos home are the internationally recognized Tanger Outlet Center and Prime Outlets San Marcos. Situated adjacent to each other on over 200 acres along Interstate IH-35, these two malls combined house approximately 200 retail outlets and numerous restaurants are located on separate "pad" sites. Together the two outlet malls employ over 2,500 people and attract visitors from every state and numerous foreign countries In 2003 the malls attracted over 8 million shoppers A variety of special events draw crowds to San Marcos each year including the Central Texas Golf Fest in April, Cinco de Mayo and Texas Natural Western Swing Festival in May, Texas Water Safari in June, and the Sights and Sounds of Christmas held on the banks of the San Marcos River in December Criteria for Housing Infill Development Incentives The San Marcos City Council has adopted the following policy on "Infill Development Incentives" as a way to encourage continued quality housing development within the City limits. The City of San Marcos is committed to the promotion of quality housing development in all parts of the city and to improving the quality of life for its citizens In order to help meet these goals, The City of San Marcos will consider certain economic incentives to stimulate infill development within the city limits and certain other quality land development projects that may be considered either within the city limits or its extraterritorial jurisdiction (ET J) It is the policy of the City of San Marcos that such incentives will be provided to appropriate individuals and corporations in accordance with the procedures and criteria outlined in this document. However, nothing in this policy shall imply or suggest, or be construed to suggest, that the City of San Marcos is under any obligation to provide any incentive to any applicant; all such applicants for incentives shall be considered on an individual basis. 1. The following minimum criteria must be met for an applicant to be considered eligible to contract for incentives: a. The proposed development and I or redevelopment project must create a minimum investment of $50,000 in new private property improvements. An exception to this requirement will be that applicants for the Neighborhood Enhancement Incentive Program's minimum investment will be $50,000 or the current target price of the homes for the targeted area, whichever is lower. City staff will determine the target price and targeted areas for the Neighborhood Enhancement Incentive Program