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RESOLUTION NO. 2016-03R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS ADOPTING A POLICY REGARDING USE OF THE <br /> CITY OF SAN MARCOS ECONOMIC DEVELOPMENT <br /> SUPPLEMENTAL FUND, AS AN ADDENDUM TO THE CITY OF SAN <br /> MARCOS ECONOMIC DEVELOPMENT POLICY, ADOPTED UNDER <br /> RESOLUTION 2013-185R; AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. The City of San Marcos has established an Economic Development Supplemental <br /> Fund (the "Fund") to complement existing economic development incentive tools <br /> for projects to be located within areas and with uses as provided for in the <br /> Comprehensive Plan, "Vision San Marcos: A river Runs Through Us." <br /> 2. The City Council wishes to adopt a policy to direct how money from the Fund <br /> may be allocated. <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached Policy Regarding Use of the City of San Marcos Economic <br /> Development Supplemental Fund is hereby approved and adopted as an <br /> addendum to the City of San Marcos Economic Development Policy, <br /> adopted under Resolution 2013-185R. <br /> PART 2. This Resolution shall be in full force and effect from and after its passage. <br /> ADOPTED on January 5, 2016. <br /> aniel Gue <br /> Mayor <br /> Attest: <br /> 4k' <br /> ij , <br /> 6 <br /> City Cle k <br />