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File #: Res. 2020-50R    Version: 1 Name:
Type: Action Item Status: Individual Consideration
File created: 1/22/2020 In control: City Council
On agenda: 3/3/2020 Final action:
Title: Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2020-50R, approving a third amended and restated Development Agreement in connection with the La Cima Development near the intersection of Old Ranch Road 12 and Wonder World Drive to, among other things, add 129.383 acres of land to the area covered by the agreement, reduce the project density from 1.16 to 1.10 dwelling units per acre, enlarge the area within which the originally allowed 720 multi-family units may be located from 30 acres to any part of the area designated in the conceptual land use plan as community commercial, and allow Condominiums as new use only by a conditional use permit approved by the City Council, authorizing the City Manager, or his designee, to execute the agreement on behalf of the City; and providing an effective date; and consider approval of Resolution 2020-50R.
Attachments: 1. Resolution, 2. Redlined La Cima Development Agreement, 3. Amended and Restated Development Agreement Clean Version, 4. La Cima DA Amendment Request Comparison Chart, 5. Presentation
AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Resolution 2020-50R, approving a third amended and restated Development Agreement in connection with the La Cima Development near the intersection of Old Ranch Road 12 and Wonder World Drive to, among other things, add 129.383 acres of land to the area covered by the agreement, reduce the project density from 1.16 to 1.10 dwelling units per acre, enlarge the area within which the originally allowed 720 multi-family units may be located from 30 acres to any part of the area designated in the conceptual land use plan as community commercial, and allow Condominiums as new use only by a conditional use permit approved by the City Council, authorizing the City Manager, or his designee, to execute the agreement on behalf of the City; and providing an effective date; and consider approval of Resolution 2020-50R.

Body
Meeting date: March 3, 2020

Department: Planning and 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
? 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 have been two Preliminary Plats and two Final Plats approved under this existing Agreement. Natural Development Austin, L.L.C., on behalf of Lazy Oaks Ranch, LP, is requesting amendments to an existing Development Agreement.

Amendments to the Development Ag...

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