AGENDA CAPTION:
Title
Consider approval of Resolution 2025-212R, approving an agreement to mutually terminate an Amended and Restated Cotton Center Development Agreement and Consent Agreement concerning approximately 1,786 acres of land in Caldwell County, east of the City; authorizing the City Manager, or her designee, to execute said agreement on behalf of the City; approving the release of said land from the City's extraterritorial jurisdiction; and declaring an effective date.
Body
Meeting date: November 5, 2025
Department: City Attorney
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note: An associated settlement agreement approved by the City Council in relation to removing the subject property from the City's wastewater service area further provides for payment to the city of $280,000 upon termination of the agreements.
Prior Council Action: City Council previously approved a settlement agreement with Walton Texas, LP and affiliated entities pursuant to which the parties agreed to terminate the Cotton Center Development Agreement and related Consent Agreement pertaining to creation of a municipal utility district for the subject property.
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