AGENDA CAPTION:
Title
Consider approval of Resolution 2014-144R authorizing the City Manager or his designee to execute a Development Agreement with La Salle Holdings Ltd, on behalf of La Salle Holdings Limited, FM 158 Land Ltd, Kyle Three Partners, and Cedar Stump Limited for approximately 2,750 acres of land in the City of San Marcos' Extraterritorial Jurisdiction; and providing an effective date.
Body
Meeting date: October 6, 2014
Department: Development Services
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
CITY COUNCIL GOAL: Big Picture Infrastructure
BACKGROUND:
Development Agreement Highlights:
· Smart Code Base Zoning
· Project Density - 12,000 residential units and 250 commercial acres
· Architectural Design Standards to be presented in a pattern book
· Utilities constructed by the Municipal Utility Districts
· Annexation Triggers
· Parks, Open Space and Recreational Areas includes various parks and a series of lakes
Process
· City Council may APPROVE, APPROVE WITH MODIFICATIONS OR REJECT the agreement
· Consistent with that decision Council may APPROVE, CONDITIONALLY APPROVE OR DENY the land use plan
· If Council accepts the agreement and land use plan, it shall authorize the City Manager to execute the agreement