RES 1546 03/04/2017 `y OF C/9
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"City of Choice"
RESOLUTION NO: l Y4y6
A RESOLUTION BY THE COUNCIL OF THE CITY OF CIBOLO,
TEXAS, ADOPTING A PROGRAM UNDER TEXAS LOCAL
GOVERNMENT CODE CHAPTER 380;AND AUTHORIZING THE CITY
MANAGER TO EXECUTE AN AGREEMENT MADE PURSUANT TO
TEXAS LOCAL GOVERNMENT CODE CHAPTER 380 WITH
CONTINENTAL HOMES OF TEXAS, L.P., RELATING TO THE
DEVELOPMENT OF APPROXIMATELY 110 ACRES GENERALLY
BOUNDED BY FM 78, CIBOLO CREEK, WEST SCHAFER ROAD AND
SOUTH MAIN STREET TO PROVIDE ECONOMIC DEVELOPMENT
INCENTIVES; AND PROVIDING AN EFFECTIVE DATE
WHEREAS,Article III, Section 52-a of the Texas Constitution and Chapter 380 of the Texas
Local Government Code ("Chapter 380") authorizes a municipality to establish and provide
for the administration of one or more programs, for making loans and grants and providing
personnel and services of the municipality, to promote state or local economic development
and to stimulate business and commercial activity in the municipality; and
WHEREAS, pursuant to Chapter 380 the City Council adopted this resolution to establish
this economic development program to promote local economic development and stimulate
business and commercial activity within the City limits; and
WHEREAS,CONTINENTAL HOMES OF TEXAS,L.P.,("Developer")desires to develop
approximately 110 acres of real property bounded by FM 78, Cibolo Creek, West Schafer
Road and South Main Street, Cibolo, Texas, (the "Property"), as a single family subdivision,
(the "Project") and
WHEREAS, the area of the City south of FM 78, is lacking sufficient water, sewer and
transportation facilities necessary for economic growth in the area; and
WHEREAS, development of the Project will cause the extension of water, sewer and
transportation facilities in the area, which will encourage and facilitate multi-family and
commercial/retail development in the area;
WHEREAS, the development of the Project will contribute the economic development of
the City by creating new jobs and increased employment, generating increased development,
increased real property value and tax revenue for the City,enhance public infrastructure,and
have both a direct and indirect positive overall improvement/stimulus in the local and state
economy; and
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CIBOLO, TEXAS:
Section 1. Findings. The foregoing recitals are hereby found to be true and correct and
are hereby adopted by the City Council and made a part hereof for all purposes as findings
of fact.
Section 2. Approval. The Agreement attached hereto as Exhibit "A", which provides
for economic incentives to facilitate the development of the Project on the Property is hereby
approved.
Section 3. Authorization. The City Manager is hereby authorized to execute the
Agreement attached hereto as Exhibit "A", and all documents necessary to accomplish the
purposes of this resolution, provided said Agreement is first fully executed by an authorized
representative of the Developer.
Section 4. Open Meetings. It is hereby officially found and determined that the meeting
at which this resolution was passed was open to the public as required and that public notice
of the time, place . and purpose of said meeting was given as required by the Texas Open
Meetings Act.
Section 5. Effective Date. This Resolution shall take effect upon its adoption..
APPROVED AND ADOPTED on this the 28" day of March, 2017.
Allen Dunn, Mayor
Attest: Approved as to Form
4
74'y 4DNRBH&/Z, PC
Peggy Cimics, City Secretary —4