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<br />commonplace when competing for projects that are considering <br /> <br />sites in several cities. <br /> <br />The level of incentives offered by the city generates immediate <br /> <br />and long-term benefits to San Marcos that far outweigh the cost <br /> <br />of the incentives offered. <br /> <br />The incentive package offered should be viewed as an investment <br /> <br />by this community in needed future jobs, payroll and taxes. <br /> <br />As our community's payroll increases, so will the spending of our <br /> <br />citizens; therefore, tremendous benefits will be realized indirectly <br /> <br />by many of our retail businesses. <br /> <br />While we respect the fact that the decisions made in formulating <br /> <br />an incentive package are not easy, we realize that the City <br /> <br />Council has evaluated the benefits to the entire community, in <br /> <br />return for the assistance being offered. <br /> <br />The Board of Directors of the Greater San Marcos Chamber of <br /> <br />Commerce unanimously supports the Council's proposal and efforts <br /> <br />to generate quality growth. <br /> <br />Thank you, <br /> <br /> <br />9~~ <br /> <br />~.N~ <br /> <br />Janace C. Wade <br />Chairman of the Board <br /> <br />JW : j k <br />