Ord 2026-028 Levying Special Assessments within Improvement Area #1 for the River Bridge Ranch Public Improvement District (PID), and apportioning the costs of, certain improvements to property in the District:

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WHEREAS, following the adoption of Creation Resolution, the City published notice of its authorization of the creation of the District in the San Marcos Daily Record, a newspaper of general circulation in the City; and WHEREAS, no written protests regarding the creation of the District from any owners of record of property within the District were filed with the City Clerk within 20 days after the date of publication of such notice; and WHEREAS, on July 7, 2026, the City Council approved Resolution No. 2026-118 approving an amendment to the District's boundaries and the estimated costs of the Authorized Improvements (as defined below), and such amendment was recorded in the real property records of Hays and Guadalupe Counties within seven days of such approval; WHEREAS, the City has further reviewed the 2026 Service and Assessment Plan (the "SAP") attached to this Resolution as "Exhibit A" and the Proposed Assessment Roll for Improvement Area #1 (as defined in the SAP) attached as "Exhibit F-l" to such SAP (the "Assessment Roll"); WHEREAS, pursuant to the Act, the Assessment Roll and service and assessment plan were filed with the City Clerk; and WHEREAS, the statutory notice of a public hearing was published on July 19, 2026 to consider the levy of the proposed assessments (the "Assessments") on real property within the District was published in the San Marcos Daily Record, a newspaper of general circulation in the City and was mailed to the last known address of the owners of the property liable for the Assessments; and WHEREAS, after notice was provided as required by the Act, the City Council on August 5,2026,held a public hearing to consider the levy of the proposed Assessments on property within the District, at which any and all persons who appeared, or requested to appear, in person or by their attorney, were given the opportunity to contend for or contest the Assessment Rolls, and the proposed Assessments, and to offer testimony pertinent to any issue presented on the amount of the Assessments, the allocation of the Actual Costs of the authorized improvements to be undertaken for the benefit of property to be assessed within the District (the "Authorized Improvements" as more fully described in Section 3 herein),the purposes of the Assessments, the special benefits of the Authorized Improvements, and the penalties and interest on annual installments and on delinquent annual installments of the Assessments; and WHEREAS,the City Council finds and determines that the Assessment Rolls and the River Bridge Ranch Public Improvement District Service and Assessment Plan, in a form substantially similar to the attached Exhibit A, which final form shall be approved by the City Manager (the "Service and Assessment Plan"), and which is incorporated herein for all purposes, should be approved and that the Assessments should be levied as provided in this Ordinance,the Service and Assessment Plan and the Assessment Rolls; and