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City Council Meeting Minutes May 21, 2019 <br />only in accordance with State Law; and authorizing other matters relating to the <br />certificates. <br />Dan Wegmiller, Financial Advisor, with Specialized Finance provided the <br />affirmed bond rating of AA for San Marcos and provided information on the <br />competitive sale of Certificate of Obligation Bonds (CO) to fund the FY2019 <br />Capital Improvement Projects. <br />A motion was made by Council Member Mihalkanin, seconded by Council <br />Member Rockeymoore, that this Ordinance be approved. The motion carried <br />by the following vote: <br />For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor <br />Hughson, Council Member Mihalkanin, Council Member Marquez and Council <br />Member Rockeymoore <br />Against: 0 <br />21. Consider approval, by motion, authorizing negotiations of a Development Agreement <br />requested by Warner Land Advisors, L.P., on behalf of the Freeman Educational <br />Foundation, for PDA -19-01 (Cresta Verde), approximately 813.51 acres out of the John <br />Carson Survey No. 3, the Patrick McGreal Survey No. 1, the Johns Williams Abstract No. <br />490, the Thomas H.W. Forsith Survey No. 2, and the John Maxamillin Jr Survey no. 15 <br />located at 2510 Ranch Road 12; and consider the appointment of a Council Committee <br />to review aforementioned Development Agreement, if desired. <br />Shannon Mattingly, Director of Planning and Development Services, provided <br />a presentation regarding the authorization to negotiate a Development <br />Agreement for approximately 813 acres that abuts Country Estates and <br />consists of mixed use, single family, and multi -family. Ms. Mattingly provided <br />the conceptual plan, <br />Steve Sallman, President of Warner Land Advisors, Ltd, made a few remarks <br />regarding this property. Mr. Sallman is seeking approval of a development <br />agreement to negotiate future land use of this property. <br />A motion was made by Council Member Rockeymoore, seconded by Council <br />Member Gonzales, to form a committee, consisting of Mayor Hughson and <br />Deputy Mayor Pro Tem Gonzales, to review this development agreement <br />further. The motion carried by the following vote: <br />For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor <br />Hughson, Council Member Mihalkanin, Council Member Marquez and Council <br />Member Rockeymoore <br />Against: 0 <br />22. City Council Reports: <br />City of San Marcos Page 14 <br />