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Ord 1988-081
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Ord 1988-081
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8/10/2007 11:36:06 AM
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8/10/2007 11:36:06 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Agreement
Number
1988-81
Date
10/24/1988
Volume Book
93
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<br />for any improvements must be reviewed and approved by the <br />appropriate city staff prior to construction. The City may <br />require temporary dedication to the District or some other <br />non-profit or public entity and that such entity be respon- <br />sible for its operation and maintenance until the City <br />exercises its option to accept ownership of said property. <br />Upon conveyance of the public parkland and any improvements <br />thereon to the City, the City will be responsible for <br />operation and maintenance thereof as provided in Article VI, <br />Section J, City of San Marcos Subdivision Ordinance, then in <br />effect. Nothing herein shall be deemed to preclude estab- <br />lishment of additional recreational areas and improvements <br />outside the terms of this Amended Agreement. <br /> <br />Section 3.05. Electricitv Service. It is acknowledged <br />that although the District lies within the service area of <br />the Pedernales Electric Cooperative ("PEC"), the City desires <br />to provide electricity service to the District, thereby more <br />fully integrating the District into the City's systems. <br />Accordingly, LRL agrees that it will cooperate with the City <br />and not perform any action which would impede the ci ty' s <br />efforts, and if the City secures a release from the PEC <br />enabling the City to serve LRL's property, LRL will purchase <br />electricity service from the City. It is specifically agreed <br />that PEC service may be purchased by LRL unless and until the <br />City has authority to serve the area in which LRL's property <br />lies. <br /> <br />Section 3.06. Affordable Housing. The City has stated <br />that it intends to adopt a plan of inducing the construction <br />of moderately priced housing within and surrounding the city. <br />LRL agrees that it will comply with an affordable housing <br />program adopted by the City which applies equally to all <br />developers within the City and the extraterritorial <br />jurisdiction thereof, and which does not require the sale of <br />any residences within the District at less than market value <br />or which would impair the District's ability to issue bonds <br />or to service the debt thereof; provided, however, that any <br />impact fee imposed not exceed $150 per living unit equiva- <br />lent. <br /> <br />Section 3.07. Land and Easements for District Use. LRL <br />agrees to dedicate at no cost any land, easements or <br /> <br />-5- <br />
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