AGENDA CAPTION:
Title
Consider approval of Resolution 2026-119R, approving a Financing and Reimbursement Agreement with Lennar Homes of Texas Land and Construction, Ltd., a Texas Limited Partnership, in connection with the River Bridge Ranch Public Improvement District (PID); authorizing the City Manager, or her designee, to execute said documents on behalf of the city; and declaring an effective date.
Body
Meeting date: July 7, 2026
Department: Economic Development, Finance and Development Services
Amount & Source of Funding
Funds Required: N/A
Account or Project Number (C = CIP funds): N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: City Council approved Resolution 2020-232R, on October 29, 2020, that authorized the creation of the River Bridge Ranch Public Improvement District (PID) as part of the agreement between The Mayan at San Marcos River, LLC, the City of Martindale, and the City of San Marcos. Following the public hearing, City Council approved Resolution 2020-233R, that created the River Bridge Ranch PID. On November 6, 2024, City Council appointed a three-member committee to review and make a recommendation of the River Bridge Ranch PID amendments submitted by Lennar Home of Texas. On December 2, 2025, City Council approved Resolution 2025-235R, accepting the petition to amend the PID and calling a public hearing on the proposed amendments for January 20, 2026.
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