10.20.2015 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes October 20, 2015 Council Member Prewitt, that Resolution 2015-1458 be approved. Motion to amend: A motion was made by Council Member Thomaides, seconded by Council Member Prewitt, that Resolution 2015-145R be amended to include the following language, "Include the following language: "Whereas, the City of San Marcos desires to create a public improvement district, as an incentive, to provide additional single family housing options for San Marcos residents, including first time homebuyers." The motion carried by the following vote: For: 6 - Mayor Guerrero, Council Member Thomaides, Council Member Thomason, Mayor Pro -Tem Prather, Council Member Prewitt and Council Member Hughson Against: 1 - Deputy Mayor Pro Tem Scott Main Motion: that Resolution 2015-145R be approved as amended. The motion carried by the following vote: For: 7- Mayor Guerrero, Council Member Thomaides, Council Member Thomason, Deputy Mayor Pro Tem Scott, Mayor Pro -Tem Prather, Council Member Prewitt and Council Member Hughson Against: 0 17. Consider approval of Resolution 2015-146R, approving the Trace Public Improvement District Financing Agreement, Service and Assessment Plan and Reimbursement Agreement between Highpointe Trace, LCC, a California limited liability company and the City of San Marcos, Texas, a Texas home rule municipality. Main Motion: A motion was made by Council Member Prewitt, seconded by Mayor Pro -Tem Prather, that Resolution 2015-146R be approved. Motion to amend: A motion was made by Council Member Hughson, seconded by Council Member Prewitt, that Resolution 2015-146R be amended by amending Section 2.03 (b) added to the end of paragraph Reimbursement to Owner from Special Assessments will be made only if City fails to issue Pubic Improvement District Bonds within six (6) months of receiving a Bond Issuance Request in accordance with Section 5.01 (a) of this Agreement. Owner agrees to reduce the amount of Pubic Improvement District Bonds to be issued by an amount equal to the reimbursements received. The motion carried by the following vote: For: 7 - Mayor Guerrero, Council Member Thomaides, Council Member Thomason, Deputy Mayor Pro Tem Scott, Mayor Pro -Tem Prather, Council Member Prewitt and Council Member Hughson Against: 0 Main Motion: to approve Resolution 2015-146R, as amended. The motion City of San Marcos Page 8