Res 2014-120/Expressing the City Council’s support for the proposed La Cima Development Project

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continuation of the extraterritorial status and deferring annexation of the of the newly added 634.592 acre tract of land until a subdivision plat or any related development document is filed for the property. 7. Pursuant to Section 43.035 of the Texas Local Government Code, the City is authorized to offer to enter into a development agreement under Section 212.172 of the Texas Local Government Code for the purpose of guaranteeing the continuation of the extraterritorial jurisdiction of land and enforcing the City's land use regulations under terms of the agreement. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: PART 1. The City Council finds the above recitals to be true and correct. PART 2. The City Council hereby expresses its support for the proposed La Cima development project that would add approximately 634.59 acres to the existing development, formerly referred to as "Lazy Oaks Ranch," located in the City's extraterritorial jurisdiction in the area of Wonder World Drive and Old Ranch Road 12. PART 3. Pursuant to Section 43.035 of the Texas Local Government Code, the City of San Marcos, Texas hereby offers Lazy Oaks Ranch L.P. the attached development agreement under Section 212.172 of the Texas Local Government Code to guarantee the continuation of the extraterritorial status and defer annexation of any portion of such 634.592 acre tract of land until any type of subdivision plat or related development document is filed for any such portion of the property. PART 4. The City Manager is authorized to execute such development agreement if accepted by Lazy Oaks Ranch L.P. PART 5. This offer made by this resolution will be deemed to have been declined if Lazy Oaks Ranch L.P. has not accepted the offer made by this resolution on or before September 16, 2014. ADOPTED on September 2, 2014. aniel Guerrero Mayor Attest: