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RESOLUTION NO. 2022-106R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A SEVENTH AMENDED AND <br />RESTATED DEVELOPMENT AGREEMENT WITH LAZY OAKS <br />RANCH, LP AND ITS PARTIAL ASSIGNEES IN CONNECTION WITH <br />THE LA LIMA DEVELOPMENT NEAR THE INTERSECTION OF OLD <br />RANCH ROAD 12 AND WONDER WORLD DRIVE TO EXTEND ITS <br />REGULATIONS TO AN ADDITIONAL 1,295 ACRES; AUTHORIZING <br />THE CITY MANAGER, OR HER DESIGNEE, 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 Seventh Amended and Restated Development Agreement attached <br />hereto is approved. <br />PART 2. The City Manager, or the City Manager's designee, is hereby authorized to <br />execute the Seventh Amended and 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 17, 2022. <br />ne Hughson <br />Mayor <br />Attest: <br />a Jt�-�.. <br />Elizabeth Trevino <br />Interim City Clerk <br />