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RESOLUTION NO. 2018-199R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A FIRST AMENDED AND RESTATED <br />DEVELOPMENT AGREEMENT WITH LASALLE HOLDINGS, LTD. IN <br />CONNECTION WITH THE DEVELOPMENT GENERALLY LOCATED <br />NORTH OF YARRINGTON ROAD, EAST OF INTERSTATE 35 AND <br />WEST OF STATE HIGHWAY 21 THAT, AMONG OTHER THINGS, <br />INCLUDES A NEW PROPERTY OWNER, TACK DEVELOPMENT LP, <br />REMOVES PARTIES WHO HAVE OPTED OUT OF THE ORIGINAL <br />DEVELOPMENT AGREEMENT, REDUCES THE MINIMUM DENSITY <br />AND REMOVES THE NEED FOR A STRATEGIC PARTNERSHIP <br />AGREEMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE <br />THE AGREEMENT ON BEHALF OF THE CITY; AND PROVIDING AN <br />EFFECTIVE DATE <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The First Amended and Restated Development Agreement attached hereto <br />is approved. <br />PART 2. The City Manager is hereby authorized to execute the First Amended and <br />Restated Development Agreement on behalf of the City. <br />2 <br />PART 3. This resolution shall be in full force and effect from and after its passage. <br />ADOPTED on October 16, 2018. <br />W, <br />Joh homaides <br />Mayor <br />