Res 2017-078/approving a Chapter 380 economic development incentive agreement for Urban Mining Company

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annexation of the remainder of the ETJ Land shall not occur before the ETJ Land is subdivided by recorded plat and shall only occur as portions of the ETJ Land are subdivided by recorded plat. The City and the Developers agree and acknowledge that the Land, or portions thereof, is currently used for agricultural purposes and subject to a property tax exemption under Chapter 23 of the Texas Tax Code. It is the intent of Developers to continue use of such portions of the Land for agricultural or wildlife preservation purposes until such time as they are developed. As portions of the Land are developed and taken out of agricultural use or wildlife preservation use, the Developers intend to continue use of the remaining, undeveloped portions of the Land for agricultural or wildlife preservation purposes. Notwithstanding anything herein to the contrary, the City agrees that the Developers shall be permitted to continue such agricultural use or wildlife preservation use even upon and after annexation. Section 6.02 Conceptual Master Plan. Except as limited by Section 6.05, the City hereby confirms its approval of the Conceptual Master Plan for the Land attached hereto as Exhibit "F," including the land uses, densities, drainage, utility and roadway alignments shown on the Conceptual Master Plan. Pursuant to Section 212.172(b)(8) of the Texas Local Government Code, the City agrees that after annexation, both operation of the Business and the Permitted and Conditional Land Uses shown on Exhibit "G" shall be allowed in the ETJ Land. Section 6.03 Future Zoning of the Land. It is intended by the Parties that the Land and portions of the Land will be zoned upon annexation in accordance with the Conceptual Master Plan in Exhibit "F." Thus, concurrent with initiation of each petition for annexation for the Project Site and for subsequent platted portions of the ETJ Land, the Company or UMC Development, as applicable, shall submit a request or requests for zoning consistent with the zoning classifications indicated in the Conceptual Master Plan in Exhibit "F" and City staff will process such requests E3