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Council approves settlement to dissolve Cotton Center development agreement and release wastewater CCN tracts for $280,000
Summary
After executive session, the City Council approved a settlement with Walton Texas LP to dissolve the Cotton Center development agreement, release associated tracts from the city’s wastewater Certificate of Convenience and Necessity (CCN), and accept $280,000 in compensation.
The San Marcos City Council approved a settlement agreement with Walton Texas LP to dissolve the Cotton Center development agreement, release associated tracts from the city’s wastewater Certificate of Convenience and Necessity (CCN), and receive $280,000 in compensation to the city.
The action followed an executive session in which council received legal advice and discussed the terms of a proposed settlement. After returning to open session the council voted 7–0 to approve the settlement agreement and the CCN release subject to the…
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