Posting Language
Title
Approve an ordinance amending Ordinance No. 020801-15, which settled disputes regarding the applicability of the Save Our Springs (SOS) Ordinance in the area known as Circle C, to authorize the City Manager to negotiate and execute an amendment to the settlement agreement that will apply to approximately 246.389 acres located near the intersection of South Mopac Expressway Southbound and State Highway 45 Westbound (Tract 110) to increase the development density for residential living units and multifamily residential living units, modify development and parkland regulations, and change required traffic controls and access requirements including removal of the requirement for the property owner to construct the South Bay Extension on Tract 110. This action concerns land located within the Barton Springs Zone. Funding: This item has no fiscal impact.
De
Lead Department
Austin City Attorney’s Office.
Fiscal Note
This item has no fiscal impact.
Additional Backup Information:
In 2002, the City and Circle C Land, L.P., a Texas limited partnership, formerly known as Circle C Land Corp., a Texas corporation (“CCLC”), entered into a development agreement that settled a dispute between the City and CCLC related to the applicability of the City’s Save Our Springs (SOS) ordinance. The development agreement establishes limits on the development density for office, retail, residential and multi-family residential development. It can only be amended by mutual agreement of the City and the property owner.
CCLC is requesting Council agree to amend the development agreement for a portion of Tract 110 to allow for one or more multi-family residential developments and to remove the requirement for CCLC to construct the South Bay Extension on Tract 110. If approved, this ordinance will amend the development agreement related to Tract 110.