Res 1993-020 - Laserfiche WebLink

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Section C. _TyLo_ es of Incentives. 1. It ts the Intent of the City of San Mareos to offer tax abatement and/or other economic development Incentives on a ease by case basis so that the total package of Incentives may be designed speefficalty for each project which is proposed. This approach will allow the City maximum flexibility which Is necessary to satisfy the unique needs and concerns of each applicant and the needs and concerns of the Clty and Its citizens. 2. The criteria outlined In Section B, above, will be used to determine whether or not It ts In the best Interest of the City of San Marcos to provide any tax abatement and/or any other economic development Incentives to a particular applleant~ The extent to which a proposed project furthers the goals and objectives of the City of San Mareos and the projected Impact of the project on the City will be used to determine the types and value of the Incentives provided. Generally, no tax abatement will be provided to any appllcant for more than 10 yea_rs. 3. In addition to tax abatement, the following additional economic development Incentives may be requested and provided by the City Council to the applicant, In the Cotmcll's sole discretion: a. Reduction or elimination of capital recovery fees (impact fees), and the costs of cer~tu other infrastructure Improvements; b. Implementation of special economle development utility rates for water, wastewater and electricity; c. Reduction or elimination of building permit fees, Inspe~etion and contractor's fees; d. Reduction or elimination of processIng fees for subdivisions, zoning and land use. Sect_ton D. Application Procedures. 1. Any person, organization, Joint venture, partnership, association, or corporation desiring that the City of San Marcos consider providing tax abatement and/or other economic development Incentives to encourage attraction or expansion of business operations within the City limits or the extraterritorial jurisdiction of San Ma[~ cos shall be required to comply with the following application procedures. a. Applicant shall file an application on a form provided by the City. Applicant shall provide a plat showing the precise location of the property, all roadways within 200 feet of the site, and all existing zoning and land uses on the site. e. A complete legal description of the property. do A brief description and cost of the proposed Improvements or expansion, the type of busIness operatlonproposed, the number of jobs created, the expected source of applicants for such jobs, the estimated annual payroll of all newjobs, the projected date of beginning construction and operation, and the type and value of any economic development Incentives which are requested. e. A time schedule of the planned Improvements. A summary description of the new facility or expansion.