Discuss and consider accepting Amendment No. 1 to Irrevocable Standby Letter of Credit
Official Roll-Call Vote
Staff Report & Agenda Item Details
Discuss and consider accepting Amendment No. 1 to Irrevocable Standby Letter of Credit No. FTFC-25235 as a one-year extension of the surety for construction of roads and storm water drainage improvements within Canyon Ranch Amenity Center, approve the associated surety Agreement between Developer and Comal County, and authorize Commissioner Haag to sign. (Pct. 4). (David Vollbrecht, Assistant County Engineer) Pct. 4 - Canyon Ranch Amenity Surety Extension Request - W.pdf Pct. 4 - Updated Cost Estimate - W.pdf Pct. 4 - Executed LOC Agreement & LOC 25-26 - W.pdf Pct. 4 - Co_Dev Agreement & LOC 26-27 - W.pdf RECORDED PLAT_Canyon Ranch Amenity Center.pdf
Bastiat Liberty & Property Rights Analysis
This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).