AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2023-20R, approving a first amended and restated Development Agreement with Franklin Mountain San Marcos 1, LP, in connection with the Development Case No. PDA-22-07; SMART Terminal, for approximately 2,017 acres more or less out of the William Petus Survey, Abstract No. 21 and the Thomas Maxwell Survey No. 17, Abstract No. 188, generally located between State Highway 80 and the Union Pacific Railroad, and between future FM 110 and State Highway 142; authorizing the City Manager to execute the agreement on behalf of the City; and providing an effective date; and consider approval of Resolution 2023-20R.
Body
Meeting date: January 17, 2023
Department: Planning & Development Services
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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Background Information:
SMART Terminal was a 380 Economic Development Incentive and Development Agreement approved in 2019. The applicant is proposing an amendment to remove all incentives and to increase the land area covered by the agreement.
Many provisions of the original agreement remained in place including: 70% gross impervious cover lim...
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