Title
Approving a resolution approving the Amended and Restated Comprehensive Development Agreement for Lakeside Municipal Utility District No. 5 and authorizing the City Manager to execute the agreement.
Summary
In 2004 the City entered into a Comprehensive Development and Consent Agreement for Lakeside Water Control Improvement District (WCID) No. 5, which was later amended in 2006 and then again in 2011. In 2017 the Developer for Lakeside WCID, now known as Municipal Utility District (MUD) No. 5, expressed interest in adding land to the area known as Lakeside MUD 5 and requested the City consider adding additional area.
The Original Agreement authorized the creation of either a water control and improvement district or a municipal utility district to include approximately 199 acres in Travis and Williamson counties. On August 11, 2008, the Texas Commission on Environmental Quality (TCEQ) issued an order creating the District and the District was confirmed at an election held on May 9, 2009. Per the Original Agreement, the City also consented to the District’s annexation of approximately 206 acres of land identified as Parcel 2 and Parcel 3 within the attached Exhibit A, of which at this point only 5.05 acres of land, identified as Parcel 2 have been annexed by the District. The project is generally located along Hodde Lane and Cele Road to the north and east of the ISD tracts, extending north to Rowe Lane and east to Melber Lane.
The resolution under consideration amends and restates the Comprehensive Development Agreement for Lakeside MUD 5, allowing for additional acreage to be added to the overall development, provisions for creating a maximum of four individual MUDs within the overall Lakeside MUD 5 area and incorporates the following provisions as outlined in the Special District Policy created by City Council in March of this year:
· A land plan is provided that is consistent with the City’s 2030 Comprehensive Plan. The land plan includes 850....
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