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<br />Resolution 2018-132R <br />Meeting date: August 7, 2018 <br /> <br />Amending the City’s Economic Development Policy and the Policy Regarding Use of the City of <br />San Marcos Economic Development Supplemental Fund to provide that the Fund may be used <br />for real property acquisition, land planning, engineering and other activities associated with the <br />development of Workforce Housing. <br /> <br />During the Budget Workshop, staff asked council if the $200,000 that usually City Council <br />Meeting Minutes August 7, 2018 goes into the Economic Development Fund could instead <br />be directed to the Workforce Housing effort. Council agreed, but noted the Economic <br />Development policy does not currently include housing in the policy. Council had directed <br />staff to make that change in the policy. Upon further thought, Council determine that it <br />would be better to just place the $200,000 directly into the Workforce Housing fund and <br />not change the policy regarding use of the Economic Development Fund. <br /> <br />A motion was made by Council Member Derrick, seconded by Mayor Pro Tem Prewitt, to <br />approve Resolution 2018-132R, amending the City’s Economic Development Policy and the <br />Policy Regarding Use of the City of San Marcos Economic Development Supplemental <br />Fund to provide that the Fund may be used for real property acquisition, land planning, <br />engineering and other activities associated with the development of Workforce Housing. <br /> <br />The motion failed by the following vote: <br />For: <br />0 <br /> <br />Against: - <br />6Mayor Pro Tem Prewitt, Deputy Mayor Pro Tem Gregson, Council Member <br /> Derrick, Council Member Hughson, Mayor Thomaides and Council Member <br /> Mihalkanin <br /> <br />Absent: <br />1 - Council Member Gonzales <br />