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Res 2021-246/approving a Development Agreement with HK Baugh Ranch, LLC, HK Riley’s Pointe, LLC, and Benchmark Acquisitions, LLC, to regulate the annexation and future development of approximately 1,142 acres
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Res 2021-246/approving a Development Agreement with HK Baugh Ranch, LLC, HK Riley’s Pointe, LLC, and Benchmark Acquisitions, LLC, to regulate the annexation and future development of approximately 1,142 acres
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12/30/2021 9:09:29 AM
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12/14/2021 11:05:42 AM
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Resolutions
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Approving
Date
12/7/2021
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RESOLUTION NO. 2021-246R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A DEVELOPMENT AGREEMENT <br />WITH HK BAUGH RANCH, LLC, HK RILEY'S POINTE, LLC, AND <br />BENCHMARK ACQUISITIONS, LLC, TO REGULATE THE <br />ANNEXATION AND FUTURE DEVELOPMENT OF APPROXIMATELY <br />1,142 ACRES OF LAND PRESENTLY IN THE CITY'S <br />EXTRATERRITORIAL JURISDICTION AND GENERALLY LOCATED <br />ALONG OLD BASTROP HIGHWAY BETWEEN REDWOOD ROAD ON <br />THE SOUTHWEST AND THE SAN MARCOS RIVER ON THE <br />NORTHEAST; 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 attached Development Agreement is approved. <br />PART 2. The City Manager, or his designee, is hereby authorized to execute said <br />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 December 7, 2021 <br />lane Hu so <br />Mayor <br />Atte: <br />'.�m y�d��� Cools <br />City Cl <br />
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