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on-District Land" shall mean those portions of the Property annexed by the City and removed from the <br /> _strict from time to time, such as Industrial and Regional Commercial Land as contemplated by the Consent <br /> Agreement. <br /> "Owner"when spelled in capital case,means the Primary Owner,Walton Silver Crossing,Walton Austin,Walton <br /> Martindale,Walton Martindale 2,the Individual Owners and any subsequent owner of any portion of the Property <br /> that is a designated successor of assignee of rights from Owner in accordance with this Agreement. <br /> "owner"when spelled with lower case, means Primary Owner, the Individual Owners, and any future owners of <br /> any portion of the Property. <br /> "Planning Areas" refers to the areas numbered 1-42 on Exhibit B that illustrate the proposed location and <br /> arrangement of uses, open space, and proposed amenities. Each Planning Area's Land Use corresponds to the <br /> zoning districts as shown in Table "1" in Article IV. The Planning Areas may be modified during submittal of <br /> the Subdivision Concept Plat. <br /> "Primary Owner"means initially, Walton Texas, LP, and any subsequent entity to which Walton Texas, LP, <br /> may assign its rights and obligations as Primary Owner in accordance with this Agreement. It is hereby <br /> acknowledged that the Primary Owner owns various portions of the Property with the Individual Owners and <br /> through various tenants-in-common agreements (including one or more Declarations of Covenants, Conditions <br /> and Restrictions, which appear of record in the county where the applicable portions of the Property is located) <br /> the right and authority, as "operator" thereunder, to act on behalf of the Individual Owners. <br /> "Parks Plan" shall mean the parks, trails and open space plan attached as Exhibit D. <br /> "Residential Utility Connections" shall be calculated as follows: each single family home shall be calculated as <br /> 1 utility connection; each multi-family unit shall be calculated as .85 of a utility connection) <br /> "Sub-District" means a municipal utility district created through the subdivision of the District pursuant to the <br /> Districts Enabling Act and vested with the same authority as the District and with total land and boundaries <br /> established in accordance with Section 2.02 of the Consent Agreement. <br /> "Subdivision Concept Plat" (also referred to as concept plat) means the initial plat for a subdivision to be <br /> developed in phases that delineates the sequence and timing of development within the proposed subdivision, and <br /> that is reviewed and decided under the City Codes. The area covered by a Subdivision Concept Plat shall be no <br /> more than 550 acres and no less than 200 acres (provided, however, Subdivision Concept Plats may include <br /> Property less than 200 acres in size, if multiple Subdivision Concept Plats are filed for a Sub-District that contains <br /> non-contiguous parcels), to correlate with the maximum and minimum Sub-District size in the Consent <br /> Agreement for the Cotton Center Municipal Utility District No. 1. <br /> "Vesting Date" shall have the same meaning described in Section 2.02 of this Agreement. <br /> 8 <br />