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Res 2021-232/approving a fifth amended and restated Development Agreement with Lazy Oaks Ranch, LP and its partial assignees in connection with the La Cima Development near the intersection of Old Ranch Road 12 and Wonder World Drive
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Res 2021-232/approving a fifth amended and restated Development Agreement with Lazy Oaks Ranch, LP and its partial assignees in connection with the La Cima Development near the intersection of Old Ranch Road 12 and Wonder World Drive
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10/13/2022 4:45:05 PM
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RESOLUTION NO. 2021-232R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A FIFTH AMENDED AND RESTATED <br />DEVELOPMENT AGREEMENT WITH LAZY OAKS RANCH, LP AND <br />ITS PARTIAL ASSIGNEES IN CONNECTION WITH THE LA CIMA <br />DEVELOPMENT NEAR THE INTERSECTION OF OLD RANCH ROAD <br />12 AND WONDER WORLD DRIVE THAT ADDS FILM AND <br />TELEVISION PRODUCTION FACILITIES AS A PERMITTED USE AND <br />ESTABLISHES ASSOCIATED DEVELOPMENT STANDARDS; <br />AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO <br />EXECUTE THE AGREEMENT ON BEHALF OF THE CITY; AND <br />PROVIDING AN EFFECTIVE DATE <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The Fifth 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 Fifth <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 November 16, 2021. <br />Jane Hughson <br />Mayor <br />Attest: <br />Jity <br />. Cook <br />aat—l- <br />0mmy <br />Inte ' Clerk <br />
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