Res 2025-208 approving a Conceptual Planning Agreement with Upward Communities for redevelopment in downtown San Marcos known as the Hopkins Redevelopment Project, including a new City Hall

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C ONCEPTUAL P LANNING A GREEMENT (H OPKINS R EDEVELOPMENT P ROJECT) This C ONCEPTUAL P LANNING A GREEMENT ("CPA" or "Agreement") is effective as of October 21, 2025 (the "Effective Date"), by and between the C ITY OF S AN M ARCOS, T EXAS, a home-rule municipality and political subdivision of the State of Texas (the "City"), and U PWARD C OMMUNITIES, LLC, a Texas limited liability company (the "Developer"). The City and the Developer are collectively referred to as the "Parties" and individually as a "Party". B ACKGROUND: A. The City desires to pursue a transformative redevelopment in downtown San Marcos known as the Hopkins Redevelopment Project (the "Project"), including a new City Hall, a potential public- private partnership for the redevelopment of the land the City Hall complex is currently on, corridor improvements along Hopkins Street, and improvements to the civic corridor on the north side of Hopkins Street. B. The Developer is a mission-driven development firm focused on strategic land planning and vertical construction, working with public and private partners to create projects that meet community needs and deliver long-term value. C. The Project will require extensive preliminary development work to determine the feasibility and scope of the Project, including design, entitlements, preliminary engineering, sources and uses of financing, and pre-construction planning and estimating before the City can make a determination as to whether to proceed with the Project. D. The Parties wish to establish a formal relationship between them through which the Developer will perform certain Preliminary Development Activities (as defined herein), including developing the general design, construction, financial, budgetary, management, maintenance, and scheduling parameters that will serve as a guide for delivering the Project and comparing the Project to other City-owned sites contemplated for building a new City Hall. E. The Developer's willingness to self-fund and incur costs relating to the Preliminary Development Activities is based on the City's willingness to reimburse the Developer for such costs as provided in this Agreement. F. The City and the Developer wish to memorialize their agreement regarding these matters by executing this Agreement. G. By action taken by on October 21, 2025, the City Council has approved and authorized the execution and delivery of this Agreement. A CCORDINGLY, in consideration of the foregoing and the terms set forth in this Agreement, and for other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the Parties hereby agree as follows: Section 1. General Description of the Project; Project Goals. (a) General Description of the Project. The Parties intend that the Project will be comprised of a mixed-use, multi-phase development along the Hopkins Street Corridor, including the property identified on E XHIBIT A attached hereto (the "Development Site"). As currently envisioned, C ONCEPTUAL P LANNING A GREEMENT (H OPKINS R EDEVELOPMENT P ROJECT)