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RESOLUTION NO. 2018-75R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A SECOND AMENDED AND <br />RESTATED DEVELOPMENT AGREEMENT WITH LAZY OAKS <br />RANCH, LP AND ITS PARTIAL ASSIGNEES IN CONNECTION WITH <br />THE LA CIMA DEVELOPMENT NEAR THE INTERSECTION OF OLD <br />RANCH ROAD 12 AND WONDER WORLD DRIVE THAT, AMONG <br />OTHER THINGS, ADDS APPROXIMATELY 394 ACRES OF LAND TO <br />THE PROJECT AREA, ADDS 400 DWELLING UNITS, AND ALLOWS UP <br />TO 720 MULTI -FAMILY UNITS, BUT NOT PURPOSE BUILT STUDENT <br />HOUSING, WITHIN UP TO 30 ACRES OF THE PROJECT AREA; <br />AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />AGREEMENT ON BEHALF OF THE CITY; AND PROVIDING AN <br />EFFECTIVE DATE <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The Second Amended and Restated Development Agreement attached <br />hereto is approved. <br />PART 2. The City Manager is hereby authorized to execute the Second Amended and <br />Restated Development Agreement on behalf of the City. <br />PART 3. This resolution shall be in full force and effect from and after its passage. <br />ADOPTED on May 15, 2018. <br />J,h Th <br />Mayor <br />At t <br />Jamie ee Case <br />City erk <br />