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<br />36. <br /> <br />RESOLUTION 2000 - 180 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SAN MARCOS, TEXAS APPROVING THE ASSIGNMENT OF A <br />DEVELOPMENT AGREEMENT RELATED TO THE BISHOP'S <br />CROSSING SUBDIVISION BY LEGEND COMMUNITIES, INC. <br />TO SDC FRANKLIN STREET PARTNERS, LTD.; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE A <br />CONSENT AGREEMENT RELATED TO THE ASSIGNMENT; <br />AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. On January 12, 1999 the City entered into a Development Agreement (the "Agreement") with <br />Legend Communities, Inc. d/b/a SDC Austin Communities ("Legend") for the Proposed Castle <br />Ridge Subdivision, now known as the Bishop's Crossing Subdivision. <br /> <br />2. Legend wishes to assign the Agreement to SDC Franklin Street Partners, Ltd. as allowed by <br />Section 5 of the Agreement. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />P ART 1. The assignment of the Agreement by Legend to SDC Franklin Street Partners, <br />Ltd. is approved, and the attached Consent Agreement is approved. <br /> <br />PART 2. The City Manager, Larry D. Gilley, is authorized to execute the Consent <br />Agreement on behalf of the City. <br /> <br />PART 3. <br /> <br />This Resolution shall be in full force and effect from and after its passage. <br /> <br />ADOPTED on September 25, 2000. <br /> <br />~~~ <br /> <br />David Chiu <br />Mayor <br /> <br />Attest: <br />C;l)_'. <br /> <br />J~s K. Womack <br />City Clerk <br /> <br />