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RESOLUTION NO. 2020-50R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A THIRD AMENDED AND RESTATED <br />DEVELOPMENT AGREEMENT IN CONNECTION WITH THE LA CIMA <br />DEVELOPMENT NEAR THE INTERSECTION OF OLD RANCH ROAD <br />12 AND WONDER WORLD DRIVE TO, AMONG OTHER THINGS, ADD <br />129.383 ACRES OF LAND TO THE AREA COVERED BY THE <br />AGREEMENT, REDUCE THE PROJECT DENSITY FROM 1.16 TO 1.10 <br />DWELLING UNITS PER ACRE, ENLARGE THE AREA WITHIN WHICH <br />THE ORIGINALLY ALLOWED 720 MULTI -FAMILY UNITS MAY BE <br />LOCATED FROM 30 ACRES TO ANY PART OF THE AREA <br />DESIGNATED IN THE CONCEPTUAL LAND USE PLAN AS <br />COMMUNITY COMMERCIAL, AND ALLOW CONDOMINIUMS AS A <br />NEW USE ONLY BY A CONDITIONAL USE PERMIT APPROVED BY <br />THE CITY COUNCIL; AUTHORIZING THE CITY MANAGER, OR HIS <br />DESIGNEE, TO EXECUTE THE AGREEMENT ON BEHALF OF THE <br />CITY; AND PROVIDING AN EFFECTIVE DATE <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The Third Amended and Restated Development Agreement attached hereto <br />is approved. <br />PART 2. The City Manager, or his designee, is hereby authorized to execute the Third <br />Amended and Restated Development Agreement on behalf of the City. <br />PART 3. This resolution shall be in full force and effect from and after its passage. <br />ADOPTED on March 3, 2020. <br />O'Y'-LgXA.0 ) <br />ane Hughson <br />Mayor <br />(_,,Jmm�y <br />d <br />K. Cools <br />Interim City Clerk <br />