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Supporting Materials
A Resolution that 1) the City Council hereby supports the introduction and passage of legislation during the current Texas legislative session creating a municipal management district (“District”) encompassing the City-owned approximately 2,313 acres situated in the northeast part of the City of El Paso (“NE Parcel”) and exchanged with FSW Investments, LP (“FSW”) for approximately 44 acres situated in the northwest part of the City on November 13, 2018 through Ordinance No. 018871 provided that such legislation does not substantially differ from the legislation attached hereto as Exhibit A, which is incorporated hereby by reference and for all purposes; 2) the City Council hereby directs the City Manager to publish notice of intent to introduce legislation creating a municipal management district encompassing the NE Parcel as soon as possible, without waiting for closing on the land exchange transaction; and further directs the City Manager to submit legislation for the creation of said district following the required thirty (30) day waiting period following notice of intent publication; and 3) the City and FSW are currently negotiating a variety of issues regarding development of the NE Parcel and the District, which include without limitation, issues related to public improvements to be constructed, the method of financing of those improvements, and numerous other issues, which will require time to conclude. Therefore, this resolution in support of the legislation creating the District and directing the City Manager to initiate the District creation process does not constitute consent to the creation of this District as required by Section 59, Article XVI of the Texas Constitution, and the City specifically reserves the right to consent to the District.
Files
PDF Document  A Resolution that 1) the City Council hereby suppo - 01081903.1.pdf
PDF Document  A Resolution that 1) the City Council hereby suppo - 3.1.pdf