Laserfiche WebLink
RESOLUTION NO. 2017-183R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A DEVELOPER PARTICIPATION <br />AGREEMENT BETWEEN THE CITY AND WHISPER MASTER <br />COMMUNITY LIMITED PARTNERSHIP PROVIDING FOR THE CITY'S <br />PARTICIPATION IN THE COST OF OVERSIZING CERTAIN PUBLIC <br />STREET IMPROVEMENTS IN THE ESTIMATED AMOUNT OF <br />$1,592,681.86; AUTHORIZING THE CITY MANAGER OR HIS <br />DESIGNEE TO EXECUTE THE AGREEMENT ON BEHALF OF THE <br />CITY; AND DECLARING AN EFFECTIVE DATE. <br />RECITALS: <br />1. In October of 2014, City Council approved the creation of a Public Improvement <br />District to fund three public roadways and the associated utilities. The Public Improvement <br />District's approved term sheet provided for the City to enter into this Development Participation <br />Agreement to cost participate in the oversizing of the roadway improvements of Whisper Hills <br />Boulevard, Rustle Ridge Road, and Susurro Parkway in the amount of $1,592,681.86. <br />2. The City's cost participation will provide for the full street cross-section to be built <br />in accordance with the Transportation Master Plan. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Developer Participation Agreement between the City and <br />Whisper Master Community Limited Partnership is approved. <br />PART 2. The City Manager or his designee is authorized to execute the Developer <br />Participation Agreement on behalf of the City. <br />PART 3. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on December 19, 2017. <br />Jo <br />Mayor <br />Attest: <br />Jamie ee ase <br />City Cl rk <br />