Ord 1987-019 - Laserfiche WebLink

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the District is located, or will itself provide fire preven- tion service to the District. If the City cannot provide fire fighting services, the City agrees to lease the proper- ty 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 Ci ty. If the Ci ty 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 fight- ing/EMS services, ownership shall revert to LRL. Section 3.03. School Site. LRL will reserve a IS-acre si te 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 conveyance 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 Ci ty 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 limi ted 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 for any improvements must be reviewed and approved by the appropriate City staff prior to construction. The City may require temporary dedication to the District or some other non-profit or public entity and that such entity be respon- sible for its operation and maintenance unti 1 the City exercises its option to accept ownership of said property. Upon conveyance of the public parkland and any improvements thereon to the City, the City wi 11 be responsible for operation and maintenance thereof as provided in Article VI, Section J, City of San Marcos Subdivision Ordinance effec- tive as of the effective date hereof. Nothing herein shall be deemed to preclude establi shment of additional recre- ational areas and improvements outside the terms of this Agreement. -4-