ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF AUSTINEconomic Development Agreement • November 21st, 2012 • Texas
Contract Type FiledNovember 21st, 2012 JurisdictionThis Economic Development Agreement (“Agreement”) is made and entered into as of January 1, 2013 (the “Effective Date”) by and among Visa Inc., a Delaware corporation, with its principal place of business in Foster City, CA, and Visa U.S.A. Inc., a Delaware corporation, with its principal place of business in Foster City, CA (collectively the “Company”) on the one hand and the City of Austin, a home-rule municipal corporation situated in Hays, Travis and Williamson Counties acting by and through its duly authorized City Manager or his designee (the “City”) on the other hand. The City is authorized by Chapter 380 of the Texas Local Government Code to create programs for the grant of public money to promote state and local economic development and to stimulate local business and commercial activity.