Res 2025-235 accpting the amended petition and calling for a public hearing on the amendment to the River Brige Ranch PID

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RESOLUTION NO.2025-235R A RESOLUTION OF THE CITY OF SAN MARCOS, TEXAS, ACCEPTING THE AMENDED PETITION AND CALLING FOR A PUBLIC HEARING ON THE AMENDMENT TO THE RIVER BRIDGE RANCH PUBLIC IMPROVEMENT DISTRICT WITHIN THE CITY OF SAN MARCOS, TEXAS WHEREAS, Chapter 372 of the Texas Local Government Code (the "Act") authorizes the creation of public improvement districts; and WHEREAS, on October 8, 2020, the Mayan at San Marcos River, LLC (the "Original Owner"), submitted and filed with the City Clerk (the "City Clerk") of the City of San Marcos, Texas (the "City") a petition (the "Original Petition") requesting the establishment of a public improvement district to be known as River Bridge Ranch Public Improvement District (the "District") over approximately 563.797 acres of land located within the City (the "Original Property"); WHEREAS, the Original Petition was executed by the owners of taxable real property representing more than fifty percent (50%) of the appraised value of taxable real property liable for assessment under the proposal, as determined by the current roll of the appraisal district in which the property is located, and, who (i) constitute more than fifty percent (50%) of all record owners of property that is liable for assessment under the proposal, or (ii) own taxable real property that constitutes more than fifty percent (50%) of the area of all taxable real property that is liable for assessment under the proposal; WHEREAS, the City agreed to authorize the creation of the District pursuant to the terms of a "Settlement Agreement" (herein so called) approved by the City Council of the City (the "City Council") pursuant to Resolution No. 2020-232R; WHEREAS, after providing all notices required under Section 372.009 of the Act, the City Council of the City (the "City Council") on October 29, 2020, conducted a public hearing on the advisability of the proposed improvements, and subsequently passed and approved Resolution No. 2020-233R authorizing the creation of the District (the "Original Creation Resolution"); WHEREAS, on December 30, 2021, Petitioners (defined below) purchased the land within the District from the Original Owner prior to any development occurring within the District and indicated to the City their desire to amend the creation proceedings of the District by following the same proceedings that are statutorily required for an initial creation of a public improvement district pursuant to the Act; WHEREAS, the owners of certain real property (the "Petitioners") have signed and delivered to the City an amended petition (the "Petition"), which is attached hereto as Exhibit A, meeting the requirements of the Act and indicating that the Petitioners are: (i) the owners of taxable real property representing more than fifty percent (50%) of the appraised value of taxable real property liable for assessment under the proposal as determined by the current roll of the Hays Central Appraisal District and are (ii) the record owners of taxable real property that constitutes more than 50% of the area of all taxable real property that is liable for assessment under the proposal; and WHEREAS, pursuant to the Act, a petition to include land in a public improvement district is sufficient if signed by owners of taxable real property representing more than fifty percent (50%) of the