Res 2026-118 Approving an amendment to the River Bridge Ranch Public Improvment District with the City of San Marcos pursuant to chapter 372, Texas Local Government code

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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 proposed amended boundaries of the District are described on Exhibit A, attached hereto, said area for the District being within the boundaries and/or the extraterritorial jurisdiction of the City; WHEREAS,the Petitioner and the City have been discussing various community benefits that Petitioner can provide in connection with the development of the District. It is intended by the Petitioner and the City that these terms be included in a PID Finance Agreement to be entered into by the City and the Petitioner. WHEREAS, after providing all notices required by the Act, the City Council conducted a public hearing, on even date herewith, on the advisability of the improvements and services described in the Petition, at which the City Council considered all written and oral objections. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1: The findings set forth in the recitals of this Resolution are hereby found to be true and correct. SECTION 2: The Petition submitted to the City was filed with the City Clerk, and complies with Subchapter A of the Act. SECTION 3. Pursuant to the requirements of the Act,the City Council, after considering the Petition and the evidence and testimony presented at the public hearing,hereby finds and declares: (a) Advisability of the Proposed Improvements. It is advisable to amend the boundaries of the District to provide the Authorized Improvements (defined below) described in the Petition and this Resolution. The Authorized Improvements will promote the interests of the City and will confer a special benefit on the District. (b) General Nature of the Improvements. The public improvements for the District (the "Authorized Improvements") may consist of one or more of the public improvements included in Section 372.003(b) of the Act. The general nature of the Authorized Improvements are: (i)the establishment of parks and open space,together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein; (ii) landscaping; (iii) acquisition, construction, and improvement of water, wastewater and drainage facilities; (iv) acquisition, construction and improvement of streets, roadways, rights-of-way and related facilities;(v)entry monumentation and features; (vi)signage; (vii)projects similar to those listed in subsections (i) — (vi) above; and (viii) payment of costs associated with constructing and financing the public improvements listed in subparagraphs (i) — (vii) above, including costs of establishing, administering and operating the District.