AGENDA CAPTION:
Title
Consider approval of Resolution 2014-131R authorizing the City Manager or his designee to execute a Development Agreement with Lazy Oaks Ranch, LP to regulate the future development of an approximately 2,029.023 acre tract of land (commonly known as the proposed La Cima San Marcos Project) currently located in the City's Extraterritorial Jurisdiction; and providing an effective date.
Body
Meeting date: September 16, 2014
Department: City Manager Department
Funds Required:
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Funds Available:
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CITY COUNCIL GOAL:
BACKGROUND:
The City Council provided direction during the September 2, 2014 for Staff to bring back the Development Agreement on September 16, 2014.
If the development agreement is approved without substantive revisions and is executed by the City of San Marcos, Hays County, and Lazy Oaks Ranch, LP, it will supersede the development agreement with Lazy Oaks Ranch, LP previously approved by Resolution 2013-18R on February 5, 2013 pertaining to 1,396.90 acres of land currently located within the city's extraterritorial jurisdiction.