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<br /> 86 <br /> ECONOMIC DEVELOPMENT AGREEMENT <br /> STATE OF TEXAS <br /> COUNTY OF HAYS <br /> RECITALS: <br /> 1. The San Marcos Area Chamber of Commerce (the "Chamber") administers a <br /> community economic development program through the Greater San Marcos Economic <br /> Development Council (the "EDC"). <br /> 2. The City of San Marcos (the "City") desires to renew its contract with the EDC and <br /> the Chamber for fiscal year 1998-99 in order to promote orderly and responsible economic <br /> development for the San Marcos geographic area. <br /> This agreement is made by and between the City, the EDC and the Chamber. <br /> AGREEMENT: <br /> 1. JOINT OBLIGATIONS OF EDC AND CHAMBER <br /> A. EDC and Chamber shall conduct and administer an economic development <br /> program which has as its mission the promotion of economic growth and the generation of <br /> productive employment opportunities in San Marcos while enhancing the unique quality of <br /> life in San Marcos. EDC and Chamber agree to use their best efforts to accomplish this <br /> mission by using the following strategies and actions to achieve the following goals during <br /> the term of this Agreement: <br /> Goal No.1: The attraction of new high quality jobs. <br /> Strategy- To directly or indirectly facilitate the attraction of new jobs that provide sustainable <br /> wages, benefits and opportunities for advancement through national prospect development <br /> efforts, investors and through spin-offs of existing local firms. <br /> Actions: <br /> 1. Provide fast, quality response, information and hosting services to every contact by <br /> phone, mail, Internet or direct contact. <br />