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RESOLUTION NO. 2019-185R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A PARTIAL ASSIGNMENT OF A <br />DEVELOPMENT AGREEMENT FROM CRADDOCK AVENUE <br />PARTNERS, L.L.C. TO CARSON DIVERSIFIED LAND, L.P. FOR AN <br />APPROXIMATELY 10 ACRE UNDEVELOPED PORTION OF THE BUIE <br />TRACT LOCATED ALONG CRADDOCK AVENUE AT BISHOP <br />STREET; MODIFYING THE DEVELOPMENT AGREEMENT BY <br />ELIMINATING THE REQUIREMENTS THAT ALL BUILDINGS BE <br />BROUGHT TO THE STREET EDGE OF CRADDOCK AVENUE AND <br />CONTAIN GROUND FLOOR RETAIL OR OFFICE SPACE, AND BY <br />ELIMINATING THE REQUIREMENT THAT FUTURE ASSIGNMENTS <br />MUST BE APPROVED BY THE CITY; APPROVING ANY OTHER <br />CONDITIONS TO THE ASSIGNMENT OR MODIFICATIONS TO THE <br />DEVELOPMENT AGREEMENT AS MAY BE IMPOSED BY THE CITY <br />COUNCIL; AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />PARTIAL ASSIGNMENT ON BEHALF OF THE CITY; AND <br />DECLARING AN EFFECTIVE DATE. <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The attached Development Agreement Partial Assignment, Assumption, <br />Modification, and City Consent Agreement (the "Partial Assignment") is hereby approved. <br />PART 2. The City Manager, or his designee, is hereby authorized to execute the <br />Partial Assignment on behalf of the City. <br />PART 3. This resolution shall be in full force and effect immediately from and after <br />its passage. <br />ADOPTED on September 30, 2019. <br />=—g <br />hson <br />Mayor <br />Attest: <br />. )"O,�OL <br />Lee Case <br />City Clerk <br />