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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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; and WHEREAS, the Act further requires that prior to the adoption of the resolution determining the boundaries of the District, the City Council (the "City Council") of the City must hold a public hearing on the advisability of the improvements, the nature of the improvements contemplated, the estimated costs of the improvements, the boundaries of the public improvement district, the method of assessment, and the apportionment, if any, of the costs between the District and the City, all as amended by the Petition. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, THAT: SECTION 1: The findings set forth in the recitals of this Resolution are hereby found to be true and correct and are hereby adopted as findings of the City Council and are incorporated into the body of this Resolution as if fully set forth herein. SECTION 2: City staff reviewed the Petition and determined that same complied with the requirements of the Act and the City Council accepts the Petition. The Petition is filed with the office of the City Secretary of the City (the "City Secretary") and is available for public inspection. SECTION 3: The City Council calls a public hearing to be scheduled on January 20, 2026, at 6:00 p.m. at City of San Marcos, City Hall City Council Chambers, 630 E. Hopkins, San Marcos, Texas, 78666 (the "Public Hearing") for the purpose of hearing public testimony on the advisability of the amended improvements, nature of the improvements contemplated, estimated costs of the improvements, boundaries of the District, method of assessment, and apportionment, if any, of the costs between the District and the City. All residents and property owners within the District and the proposed boundaries, and all other persons, are hereby invited to appear in person, or by their attorney, and speak on the amendments to the District. SECTION 4: The public hearing may be adjourned from time to time. Upon the closing of the public hearing, the City Council may consider the adoption of a resolution authorizing the amendments of the District, or may defer the adoption of such a resolution for up to six months. The aforementioned authorization is within the sole discretion of the City Council. SECTION 5: The City Council hereby authorizes and directs the City Clerk, in accordance with the Act, to: (a) publish notice of the public hearing in a newspaper of general circulation in the City; and (b) mail notice of the public hearing to the owners of the real property located within the proposed boundaries of the District as reflected on the tax rolls. PASSED AND APPROVED by the CITY COUNCIL of the CITY OF SAN MARCOS, on the 2nd