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RESOLUTION 2020-233R <br />A RESOLUTION OF THE CITY OF SAN MARCOS, TEXAS, IN <br />ACCORDANCE WITH CHAPTER 372 OF THE TEXAS LOCAL <br />GOVERNMENT CODE: MAKING FINDINGS AS TO THE <br />ADVISABILITY OF THE IMPROVEMENTS PROPOSED IN THE <br />PETITION TO CREATE THE RIVER BRIDGE RANCH PUBLIC <br />IMPROVEMENT DISTRICT (THE "DISTRICT"); ESTABLISHING THE <br />DISTRICT; AND, AUTHORIZING MANAGEMENT OF THE DISTRICT. <br />WHEREAS, the City of San Marcos, Texas (the "City"), is authorized under Chapter 372 of the <br />Texas Local Government Code, as amended (the "Act"), to create a public improvement district; <br />WHEREAS, on October 8, 2020, the Mayan at San Marcos River, LLC (the "Owner" or <br />"Developer"), submitted and filed with the City Clerk of the City a petition (the "Petition) <br />requesting the establishment of a public improvement district to be known as the River Bridge <br />Ranch Public Improvement District (the "District"); <br />WHEREAS, the Petition indicated that (i) the owners of more than 50% of the appraised <br />value of the taxable real property liable for assessment and (ii) the owners of more than 50% of the <br />area of all taxable real property liable for assessment within the District executed the Petition <br />requesting that the governing body of the City (the "City Council") create the District; <br />WHEREAS, the City Council has investigated and determined that the facts contained in <br />the Petition are true and correct; <br />WHEREAS, the District will include the approximately 563.797 acres land located within <br />the City and (the "Property"), which Property is more particularly described and depicted on <br />"Exhibit A-1" and "Exhibit A-2" attached hereto and made a part hereof; <br />WHEREAS, after providing all notices required by Section 372.009 of the Act, the City <br />Council on October 29, 2020 conducted a public hearing on the advisability of the proposed <br />improvements; and <br />WHEREAS, the City Council adjourned and closed such public hearing <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, THAT: <br />Section 1. The findings set forth in the recitals of this Resolution are hereby found to be true <br />and correct. <br />Resolution Establishing the River Bridge Ranch Public Improvement District Page 1 <br />