Laserfiche WebLink
<br />I <br /> <br />I <br /> <br />I <br /> <br />RESOLUTION NO. 2007-~R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS, APPROVING A DEVELOPMENT <br />INCENTIVE AGREEMENT BETWEEN THE CITY AND KULA <br />MEDIA; AUTHORIZING THE CITY MANAGER TO EXECUTE <br />THE AGREEMENT; AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City Council has adopted an Economic Development Incentives Policy by Resolution <br />2006-9lR. <br /> <br />2. Kula Media is proposing to move into the old Steward Building, after the building is <br />renovated. Kula Media will be adding a number of new employees to its business. <br /> <br />3. The City and Kula Media wish to enter into a development incentive agreement pertaining <br />to this project. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />PART 1. The attached development incentive agreement (the "Agreement") between the <br />City and Kula Mediafound to satisfy the requirements of the Policy. <br /> <br />PART 2. The terms and conditions of the Agreement are approved and adopted. <br /> <br />PART 3. The City Manager, Dan O'Leary, is authorized to execute this Agreement. <br /> <br />PART 4. This Resolution is in full force and effect immediately upon its passage. <br /> <br />ADOPTED on January 18,2007 <br /> <br />, <br /> <br /> <br />=vLO <br /> <br />Mayor <br /> <br />Attest.: <br />t <br /> <br />