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Res 2016-164/approving a Development Agreement between the City and Walton Texas LP, Walton Silver Crossing LP, Walton TX Austin Land LP, Walton TX Martindale LP, and Walton Texas Martindale LP 2 for approximately 2,358 acres out of the William Pettus Le
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Res 2016-164/approving a Development Agreement between the City and Walton Texas LP, Walton Silver Crossing LP, Walton TX Austin Land LP, Walton TX Martindale LP, and Walton Texas Martindale LP 2 for approximately 2,358 acres out of the William Pettus Le
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7/17/2017 4:42:31 PM
Creation date
12/20/2016 2:41:30 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2016-164
Date
12/6/2016
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!tion 14.05 District Notification. Each Sub-District shall notify City in writing of its new boundaries and the <br /> _ones of its new directors. <br /> 1. <br /> ARTICLE XV <br /> ADDITIONAL LAND <br /> Section 15.01 Addition of Land. Primary Owner may, in the future, desire to add all or a portion of the <br /> Additional Land to the Project boundaries and the Property that is subject to this Agreement and all subsequent <br /> amendments hereto, and to include such Additional Land in the Municipal Utility District. Primary Owner may <br /> add (through an administrative amendment as described in Section 16.01b below) any Additional Land that it <br /> owns or acquires to the Project and this Agreement. Primary Owner shall provide City with an updated Concept <br /> Plan and Parks Plan depicting the land area, and the land use shall be similar to that of the adjoining land. Prior <br /> to submittal of any plat applications for Additional Land, a TIA must be submitted and approved by the City for <br /> the Additional Land. City agrees that the Additional Land shall become part of the Project which shall be subject <br /> to the terms of this Agreement. This Agreement shall be administratively amended to include the Additional <br /> Land. <br /> -tion 15.02 Permitted Use of Additional Land. Primary Owner shall have the right to designate permitted <br /> s for the Additional Land, which are consistent with the uses of the surrounding Property, as shown on the <br /> Concept Plan. <br /> Section 15.03 Additional Land Density. If Additional Land is added to the Project boundaries, City agrees <br /> Owner is entitled to increase the total number of dwelling units in the following manner: (i) Single Family density <br /> shall not exceed eight(8) dwelling units per acre, and (ii) Multi-Family density shall not exceed twenty-four(24) <br /> dwelling units per acre of the overall gross site area of any given tract of Additional Land added. <br /> 36 <br />
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