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Res 2022-010/Approvielopment agreement with Lazy Oaks Ranch assigneed in connection with La Cima development intersection of old Ranch Rd 12 and Wonder World Dr provides additional standards for the1st phase multifamily
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Res 2022-010/Approvielopment agreement with Lazy Oaks Ranch assigneed in connection with La Cima development intersection of old Ranch Rd 12 and Wonder World Dr provides additional standards for the1st phase multifamily
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8/1/2022 11:44:53 AM
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5/25/2022 8:28:34 PM
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RESOLUTION NO. 2022 -10R <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS APPROVING A SIXTH AMENDED AND RESTATED <br />DEVELOPMENT AGREEMENT WITH LAZY OAKS RANCH, LP AND <br />ITS PARTIAL ASSIGNEES IN CONNECTION WITH THE LA CIMA <br />DEVELOPMENT NEAR THE INTERSECTION OF OLD RANCH ROAD <br />12 AND WONDER WORLD DRIVE THAT PROVIDES ADDITIONAL <br />STANDARDS FOR THE FIRST PHASE OF MULTIFAMILY <br />DEVELOPMENT; AUTHORIZING THE CITY MANAGER, OR HIS <br />DESIGNEE, TO EXECUTE THE AGREEMENT ON BEHALF OF THE <br />CITY; AND PROVIDING AN EFFECTIVE DATE <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />PART 1. The Sixth Amended and Restated Development Agreement attached hereto <br />is approved. <br />PART 2. The City Manager, or the City Manager's designee, is hereby authorized to <br />execute the Sixth 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 January 4, 2022. <br />�oo1c <br />ane Hughson <br />Mayor <br />
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