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RESOLUTION NO. 2018-173R <br /> A RESOLUTION OF THE CITY OF SAN MARCOS, TEXAS,AMENDING <br /> AND RESTATING THE TRACE PUBLIC IMPROVEMENT DISTRICT <br /> ACQUISITION AND REIMBURSEMENT AGREEMENT <br /> WHEREAS,the City of San Marcos,Texas (the "City"), is authorized under Chapter <br /> 372 of the Texas Local Government Code, as amended(the "Act"),to create a public <br /> improvement district; <br /> WHEREAS, on June 4,2015, Highpointe Investments, Inc. ("Highpointe"), submitted <br /> and filed with the City Clerk of the City a petition("Petition")requesting the establishment of a <br /> public improvement district to be known as the Trace Public Improvement District("District"); <br /> WHEREAS,the City Council adopted Resolution 2015-116R on September 1, 2015 <br /> approving the original term sheet for the District; <br /> WHEREAS,the City Council originally adopted the Trace Public Improvement District <br /> Acquisition and Reimbursement Agreement on October 18, 2016; <br /> WHEREAS,the City Council amended the Public Improvement District Term Sheet on <br /> August 7, 2018; and <br /> NOW, THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> SAN MARCOS,TEXAS,THAT: <br /> Section 1. The attached Amended and Restated Trace Public Improvement District Amended <br /> and Restated Acquisition and Reimbursement Agreement is hereby approved. <br /> Section 2. The Mayor is authorized to execute the document on behalf of the City. <br /> Section 3. The Resolution shall be in full force and effect immediately from and after its <br /> passage. <br />