AGENDA CAPTION:
Title
Receive a staff presentation and hold a Public Hearing to receive comments for or against Resolution 2018-75R, approving a second amended and restated Development Agreement with Lazy Oaks Ranch, LP and its partial assignees in connection with the La Cima Development near the intersection of Old Ranch Road 12 and Wonder World Drive that, among other things, adds approximately 394 acres of land to the project area, adds 400 dwelling units, and allows up to 720 multi-family units, but not purpose built student housing, within up to 30 acres of the project area; authorizing the City Manager to execute the agreement on behalf of the City; and providing an effective date.
Body
Meeting date: May 15, 2018
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:
Prior Council Action: N/A
City Council Strategic Initiative: N/A
Comprehensive Plan Element (s):
? Economic Development - Choose an item.
? Environment & Resource Protection -
? Land Use - Set appropriate density & impervious cover limitations in environmentally sensitive areas to avoid adverse impacts on water supply
? Neighborhoods & Housing - Diversified housing options to serve citizens with varying needs and interests
? Parks, Public Spaces & Facilities -
? Transportation -
? Not Applicable
Master Plan: N/A
Background Information:
The La Cima Development Agreement was approved in September 2014. There has been one Preliminary Plat approved under this existing agreement and two Final Plats have been approved. Natural Development Austin, L.L.C., on behalf of Lazy Oaks Ranch, LP, is requesting amendments to an existing Development Agreement. The Final Plat for Phase 1, Section 1 was recorded on December 27, 2017 and this section was annexed on January 30, 2018. The zoning case for this phase is scheduled to be heard by the Planning and Zoning Commission on April ...
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