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<br />I <br /> <br />I <br /> <br />I <br /> <br />RESOLUTION NO. 2006-~R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING A DEVELOPMENT <br />INCENTIVE AGREEMENT BETWEEN THE CITY AND <br />GRANDE COMMUNICATIONS, INC., FOR COMMERCIAL <br />DEVELOPMENT AT 401 CARLSON CIRCLE; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE THE AGREEMENT; AND <br />DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted an Economic Development Incentives Policy by Resolution <br />on February 23, 2004. <br /> <br />2. Grande Communications, Inc. ("Grande") is proposing to renovate its headquarters at 401 <br />Carlson Circle, and upon completion of the renovation hire between 40 and 60 new employees. <br />Grande has asked the City to consider granting economic development incentives related to the <br />project. <br /> <br />3. The City and Grande wish to enter into a development incentive agreement pertaining to <br />this project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached development incentive agreement (the "Agreement") between the <br />City and Grande found to satisfy the requirements of the Policy. <br /> <br />PART 2. The terms and conditions of the Agreement are approved and adopted. <br /> <br />PART 3. The City Manager, Dan O'Leary, is authorized to execute this Agreement. <br /> <br />PART 4. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED on November 21,2006 <br /> <br />~I&, . <br /> <br />Susan Narvaiz ~ <br />Mayor <br /> <br /> <br />1 l)) <br />