AGENDA CAPTION:
Title
Consider approval of Ordinance 2015-28, on the second of two readings, annexing into the City 417.630 acres of land, more or less, out of the William H. Van Horn Survey, Abstract No. 464, located on the east side of IH-35 and south of Posey Road; approving a service plan for this area; including procedural provisions; and providing an effective date.
Body
Meeting date: August 14, 2015 - 1st Reading of Ordinance
October 20, 2015 - 2nd Reading of Ordinance
Department: Planning and Development Services
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
CITY COUNCIL GOAL: Economic Development; Quality of Life and Place
COMPREHENSIVE PLAN ELEMENT(s): Land Use: Goal 1; Neighborhoods & Housing: Goal 4; Economic Development: Goal 4
BACKGROUND: This is a voluntary annexation request submitted by Highpointe Investments, LLC, for approximately 417.630 acres for a mixed-use development also known as Trace. The site is generally located on the east side of IH-35 and south side of Posey Road, at the southern edge of the City of San Marcos, and will also be bordered by Old Bastrop Highway. The majority of the site is located within the City's Extra-Territorial Jurisdiction (ETJ). Highpointe Investments, LLC has also requested Planned Development District (PDD) zoning and the creation of a Public Improvement District (PID) to finance the infrastructural needs of the development.
The location of the Trace development will make it a southern gateway into the City of San Marcos. The project is planned to consist of employment center uses, commercial uses, and a mixture of residential uses. Trace anticipates approximately 995 single-family and 850 multi-family units. Employment Center and commercial uses will be located adjacent to I-35 and provide transition into the residential neighborhoods. Since the project is located outside of the Loop 110 Transportation Reinvestment Zone, ad valore...
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