AGENDA CAPTION:
Title
Consider approval of Resolution 2021-88R, approving a Chapter 380 Economic Development Incentive Agreement with 320 Barnes 2020, L.P., a Texas Limited Partnership, providing incentives in the form of refunds of a percentage of real property taxes over three years for the development of approximately 135,000 square feet of space for lease to light manufacturing, office, warehouse, showroom, and research & development users at 320 Barnes Drive; authorizing the City Manager, or his designee, to execute said agreement; and declaring an effective date.
Body
Meeting date: May 4, 2021
Department: City Manager's Office
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Vision San Marcos - A River Runs Through Us
Background Information:
Live Oak Realty intends to construct speculative shell buildings at 320 Barnes Drive in San Marcos. The estimated total square footage of the new buildings is 135,000 square feet. The $14,000,000 investment in real property will allow for the immediate availability of space for light manufacturing, office, warehouse, showroom, and research & develop...
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