19-R-19 - Supporting the amended and restated Development agreement for the Reinvestment Zone Number Two Sedona and Crossvine Development project1 e- �1
WHEREAS, In October 2006 the City created the Reinvestment Zone Number Two.
WHEREAS, the national economic crisis shortly thereafter resulted in slowed
development within the City and the Reinvestment Zone Number Two, and
WHEREAS, in recognition of a change in the development climate, and in order to
continue progress of the project, the City of Schertz approved an amendment to the original
development agreement to reflect a revised project as described in this Agreement and specified
in a revised project and financing plans via Resolution 15 -R -80, and
WHEREAS, the Developer is seeking approval of the amended development agreement
and associated project and financing plans by Bexar County and the San Antonio River
Authority; and
WHEREAS, there is a benefit to having the same terms of the development agreement
and project and financing plan by all of the taxing entities.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS
THAT:
Section 1. The City Council hereby offers supports the approval of the amended
development agreement and project and finance plans by Bexar County and the San Antonio
River Authority.
Section 2. The recitals contained in the preamble hereof are hereby found to be true,
and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a
part of the judgment and findings of the City Council.
Section 3. All resolutions or parts thereof, which are in conflict or inconsistent with
any provision of this Resolution are hereby repealed to the extent of such conflict, and the
provisions of this Resolution shall be and remain controlling as to the matters resolved herein:
Section 4. This Resolution shall be construed and enforced in accordance with the
laws of the State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application
of such provision to other persons and circumstances shall nevertheless be valid, and the City
Council hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 6. It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 551, Texas Government Code, as amended.
Section 7. This Resolution shall be in force and effect from and after its final
passage, and it is so resolved.
PASSED AND ADOPTED, this 12'h day of February 2019.
ATTEST:
i Secretarv. Brenda Dennis
CITY OF 4C'NF.RT7 TF.YAq
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