The city of San Marcos has been selected as the site of retailer Best Buy’s first Texas e-commerce sales facility, which Adriana Cruz, Greater San Marcos Partnership president, said could be one of the largest sales-tax generators in the city. San Marcos City Council and the Hays County Commissioners Court approved economic development agreements with Best Buy on Tuesday. “We are delighted to welcome Best Buy as San Marcos’ newest corporate citizen,” San Marcos Mayor Daniel Guerrero said in a news release. “A previously vacant 20,000-square-foot building will now be a major revenue source for the city, which can be put towards serving the residents of San Marcos. This is a big win, and I am excited at the possibilities that will be open to our community with these good jobs and revenue.” Best Buy is expected to begin operations at its facility, located at 900 Bugg Lane, San Marcos, in October, according to the news release. Under terms of the economic development agreement, the city and Hays County will rebate 75 percent of sales taxes generated at the site with two automatic renewal 10-year terms, assuming the company meets the agreement’s terms. The company will also be granted a 10-year personal property tax rebate of 50 percent. Best Buy will be required to employ 25 people in the facility’s first year of operation, 40 people in the second year and 50 people in the third year. Those jobs must be permanent, full-time positions earning at least $15 per hour. The project is expected to generate $43 million and $14.4 million for the city and Hays County, respectively, at the end of the term of the agreement. “We crafted the best packet we could with the city and county working together to land this very, very important revenue generator and job creation announcement,” Cruz said. “This e-commerce retail center helps to diversify our economy. We’re very excited about the project.”