New Braunfels extends agreement for Solms Landing | Community alert
New Braunfels City Council members on Monday approved a repayment agreement with Solms Landing Development LLC and extended the dissolution of the Solms Landing Public Improvement District for two years.
New Braunfels-based South Texas Capital Partners is developing Solms Landing on 98 acres near Farm-to-Market Road 306 (Creekside) and Kowald Lane, which will include single and multi-family residences, hotel rooms, offices and ‘other amenities.
The council action extended the dissolution agreement from January of this year to January 14, 2023, after changes to the land plan and other factors delayed the steps necessary to create the public improvement district, including including collecting assessments and approving a funding agreement.
The Solms Landing Public Improvement District was established on January 14, 2019, the city’s first PID.
Explaining the factors leading to the request for an extension of the disbandment, developer James Mahan told board members that the COVID-19 pandemic has “slowed down many components.”
“We had the opportunity to change the vision of Solms Landing and bring it back to more traditional development, which would have been the easiest path to take last year in light of COVID, but we didn’t. haven’t done it, ”Mahan said. “It took a little longer to re-enter the retailers and commercial uses that we want into the development, as many of them were closed last year.”
In a separate action, the council approved an agreement to reimburse the developer for infrastructure projects already completed and dedicated to the city, which include roads and drainage systems.
When the PID was first created, according to Jared Werner, the chief financial officer, it was originally proposed that the first bonds be issued before the construction of the public improvements.
However, Werner added that as the development land plan evolved and contracts were made for end users in the first phase of development, the first PID bond issue had been postponed, but the developer has continued to move forward with the construction of the majority of public infrastructure.
Texas cities and counties approve PIDs and issue bonds to finance private developments that include infrastructure benefiting the public, such as streets, buildings, drainage, water and water treatment facilities waste and parks, reimbursed by contributions taxable in the PID.
Historically, state law has not permitted the issuance of bonds to pay for already dedicated public infrastructure until a repayment agreement has been reached between the city and the developer.
Once issued, Werner said, the bonds can be used to support existing infrastructure, even if it was dedicated to the city before the first PID bond issue.
Werner also added that the debt service of any bond issuance would be paid exclusively by owners of residential and commercial properties residing in the development and not with public funds.
Mahan reiterated that the development does not use or raise public funds for the project.
“Our vision that we have worked tirelessly with the city over the past three years has been a full mixed-use development that will include a number of residential products for sale,” said developer James Mahan.
Mahan said the development would include a “more affordable living element” and a variety of business and retail options.
“Our goal was not to add to the traffic problem, but to help it. So we have built a small collector road which we hope will alleviate some of the traffic in Creekside, ”he said. “The way our development has been planned is, hopefully, to encourage walking. We have a hike and cycle path throughout the development. We therefore hope that many of the concerns of citizens are taken into account in our development. “
As part of another action at Monday’s meeting, board members:
Confirmed the appointment of Brian Martinez to the Civil Service Commission for an unexpired term ending August 10, 2022.
Approved the second and final reading of the ordinances revising the effective time of parking by permit in zones A and B from 8 a.m. to 8 p.m. from May 1 to September 30 to 8 a.m. to midnight from March 1 to October 31.
Appointed Ron Reaves for a term ending April 18, 2024 on the Watershed Advisory Committee.
Approved the first reading of an ordinance concerning standards of care for youth programs for the Department of Parks and Recreation. The Standards of Care will provide basic child care regulations for day camp activities managed by the Parks and Recreation Department. This will allow the department to qualify as exempt from the requirements of the Texas Human Resources Code. The standards of care will apply to all locations where the programs are offered, including Das Rec, Landa Recreation Center, and Fischer Park Nature Center.
Approved a waiver request to allow a proposed business at 494 N. Seguin Ave. to sell alcohol (wine and beer, consumption on site) within 300 feet of a church.
Approved the first reading of an ordinance regarding a proposed zoning change to apply a special use permit to allow residential use in heavy industrial district M-2 and short term rental of a single family residence on approximately 0 , 15 acres at 747 Oasis Street.
Approved the first reading of an ordinance regarding a proposed zoning change to apply a special use permit to allow the short-term rental of a single-family home in the “C-3” commercial district at 306 E. Faust.