DEPARTMENT: Planning
DEPARTMENT HEAD: Bridgett White, AICP
COUNCIL DISTRICTS IMPACTED: City Council District 6
SUBJECT:
A Resolution granting the City's consent to the creation by Bexar County of a Public Improvement District (PID) to be named Stolte Ranch Special Improvement District; and an Ordinance authorizing a 30-year Development Agreement between the City of San Antonio and Randal C. Stolte, Susan Stolte, Linda R. Stolte, Stephanie S. Stolte, Hugo C. Stolte, III and Forestar (USA) Real Estate Group, Inc.
SUMMARY:
A public hearing and consideration of the following items related to the Stolte Ranch Special Improvement District; and associated Development Agreement:
A) A Resolution granting the City of San Antonio's consent to the creation by Bexar County of a Public Improvement District (PID), to be named the Stolte Ranch Special Improvement District (Stolte Ranch PID), generally located west of Talley Road and south of Elm Forrest Road in the extraterritorial jurisdiction (ETJ) of the City San Antonio.
B) An Ordinance authorizing a 30-year Development Agreement between the City of San Antonio and the land owners consisting of Randal C. Stolte, Susan Stolte, Linda R. Stolte, Stephanie S. Stolte, Hugo C. Stolte, III and the developer, Forestar (USA) Real Estate Group, Inc.
BACKGROUND INFORMATION:
Texas Local Government Code Chapter 382 allows for the creation of Public Improvement Districts (PIDs) by a county. PIDs are considered to be economic development tools used to pay or finance public improvements and economic development within a defined geographical area which will ultimately become the district. The general nature of the proposed public work may include, but is not limited to, the improvement and construction of roads, thoroughfares, collectors, arterial roads, utilities, water, waste water, sanitary sewer, drainage, trails, park and recreational facilities; which are located within the district boundaries. These districts may lev...
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