Council approved the purchase of 2.37 acres at 12235 Aztec Way on March 3, 2026 via resolution 26-R-040. This property is at the southeast corner of FM 78 and Aztec Way. The Cibolo Creek runs through this property. A small portion of the property along Aztec Way is not in the City limits. Purchasing it allowed the city to better maintain the property for drainage purposes. It also will allow the City to ensure the property is kept free of debris and refuse.The property is adjacent to Palm Park.

There is currently a billboard lease on this property. The lease started in August 2021 and is for 10 years, at a rate currently of $2,400.00 per year. Unless all parties were willing to dissolve the agreement, the lease terms need to be accepted along with the sale of the property. The proposed amendment to the lease agreement outlines that rent payments will increase to $3,500 per year in 2031 (or 20% of net advertising revenue - whichever is greater), and has a 10% increase every 5 years. Additionally, the end of the term of the Lease will be extended to thirty (30) years from the effective date of this amendment (2056). Once this amendment is authorized by Council, the sale of the property can be finalized.

Provide for a safe and livable community.

Improve property conditions and the overall appearance of the City. Promote environmental stewardship and health. Develop water, wastewater and drainage infrastructure.

Approval of Resolution 26-R-074 authorizing the amendment to the billboard lease agreement.

This is a revenue source for the City. Rent payments are currently $2,400 per year, which will increase to $3,500 per year in 2031. It has a 10% increase every 5 years.

Approval of Resolution 26-R-074