Ord 1988-081 - Laserfiche WebLink

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for the District attached hereto as Exhibit "B" has been approved and accepted by the City (the IILand Plan"). Section 3.02. Fire Station/EMS site. LRL agrees to convey title to property totaling .8 acre to the City at no cost, restricted for use as a fire station/EMS site, as shown on the Land Plan attached hereto. The dedication will occur at the time of the first residential connection to the utility system. The City agrees that it will either enter into a lease agreement of said property with the currently existing fire prevention entity serving the area in which the District is located, or will itself provide fire prevention service to the District. If the City cannot provide fire fighting services, the City agrees to lease the property until such time as the City is economically able to provide said service to the District so that at all times there is a fire protection service provider located on said site. Only a nominal lease payment may be required by the City. If the City chooses to provide such service, the parties must agree to reasonable compensation for the city. If the property is used for purposes other than fire fighting/EMS services, ownership shall revert to LRL. Section 3.03. School site. LRL will reserve a 15-acre site for the San Marcos Consolidated Independent School District (the "School District"). After 500 homes are constructed within the District, the School District will engage in negotiations with LRL to purchase the property at terms to be mutually agreed upon at such time: provided that the price shall never exceed $7,500 per acre, and the convey- ance will be by recorded deed with a reversion clause. On or before the expiration of two years from the date of the sale, if the School District has not passed a successful bond election providing for funds to build a school on said property, ownership of the property reverts to LRL. Section 3.04. Parkland. LRL agrees to dedicate to the city acreage, whether contiguous or not, equalling five percent (5%) of the residential property within the Lowman Ranch, totalling approximately 30 acres, for use as public parkland. The parties agree that LRL has the limited obligation to improve said parkland such that it is accessi- ble and usable by the public as a park and so that its natural appearance is maintained. Plans and specifications -4-