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Res 2013-079/Approving a Partial Assignment of a Development Agreement from Craddock Avenue Partners, LLC to Capstone Collegiate Communities LLC
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Res 2013-079/Approving a Partial Assignment of a Development Agreement from Craddock Avenue Partners, LLC to Capstone Collegiate Communities LLC
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1/22/2015 4:14:57 PM
Creation date
6/27/2013 4:21:48 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2013-79
Date
6/18/2013
Volume Book
198
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Bk Vol Pq <br />13028582 OPR 4728 664 <br />Approval of the amendment to the Concept Plat is a condition of the City's consent granted <br />herein. <br />6. The developer of the multi - family 35 acre portion of Phase 1 shall enter into a contract <br />deemed acceptable to City staff to have a private company provide shuttle service to transport <br />residents of the multi - family development to and from Texas State University -San Marcos <br />(Texas State) until such time that the Texas State shuttle system provides shuttle service. <br />7. Craddock Avenue Partners, L.L.C. agrees to update the Traffic Impact Analysis ( "TIA ") <br />prior to final plat submittal of the Mixed Use portion of Phase 1 and to implement such <br />improvements as are recommended by the TIA in relation to its proportionate responsibility <br />under applicable City Ordinances. <br />8. No leased or rented by the bedroom multi - family dwelling units will be allowed on any <br />portion of the Assignor's Remaining Property. <br />9. The owners of all the property subject to the Development Agreement will execute and <br />record restrictive covenants in favor of the City and in a form acceptable to the City Attorney <br />reflecting the above terms (the unit allocations and population densities listed in the Concept Plat <br />as amended will be included within the restrictive covenants). <br />12 <br />
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