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-25511 as a one-year extension of the surety for construction of roads and storm water drainage improvements within Canyon Ranch, Unit 4, approve the associated surety Agreement between Developer and Comal County, and authorize County Judge to sign. (Pct. 4). (David Vollbrecht, Assistant County Engineer) Pct. 4 - Canyon Ranch Unit 4 S&D OPC_Sealed - W.pdf Pct. 4 - Agreement Between Co & Dev - W.pdf Pct. 4 - Amendment No. 1 to LOC - W.pdf Pct. 4 - Recorded Plat Canyon Ranch 4 - W.pdf
Bastiat Liberty & Property Rights Analysis
This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.2/10). 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).