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RESOLUTION 2016-15R <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br /> MARCOS, TEXAS AMENDING THE CITY'S ECONOMIC <br /> DEVELOPMENT POLICY TO REQUIRE THAT JOBS QUALIFYING <br /> FOR AN ECONOMIC DEVELOPMENT INCENTIVE PAY A FAMILY <br /> LIVING WAGE, INCLUDING EMPLOYER SPONSORED HEALTH <br /> INSURANCE BENEFITS; AND DECLARING AN EFFECTIVE DATE. <br /> RECITALS: <br /> 1. The City Council wishes to promote economic development within the City of <br /> San Marcos and has granted economic development incentives under an Economic Development <br /> Policy approved by Resolution No. 2013-185R. <br /> 2. The City Council wishes to adopt amendments to said Economic Development <br /> Policy to ensure that all new jobs created with an incentive from the City of San Marcos shall <br /> earn no less than a "family living wage." <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br /> TEXAS: <br /> PART 1. The attached Economic Development Policy (the "Amended Policy") that <br /> provides criteria and processes for the granting of economic development incentives is hereby <br /> approved and adopted. <br /> PART 2. The Amended Policy replaces and supersedes the prior Economic <br /> Development Policy approved and adopted by Resolution No. 2013-185R. <br /> PART 3. This Resolution shall be in full force and effect immediately from and <br /> after its passage. <br /> ADOPTED on February 2, 2016. <br /> niel Gue <br /> Mayor <br /> Attest: <br /> 1 <br /> /Jamie .e Pettijok <br /> City C1er <br />