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E. Pursuant to Section 2.4.3.1 of the SMDC, to prescribe land uses, environmental <br /> standards, development standards, and public facilities standards governing the <br /> Property during the term of this Agreement. <br /> NOW THEREFORE, the City and Owner in consideration of the premises, the mutual <br /> covenants and agreements of the Parties hereinafter set forth, and other good and <br /> valuable consideration, the receipt and sufficiency of which are hereby acknowledged by <br /> the Parties, agree as follows: <br /> SECTION 1: GENERAL TERMS AND CONDITIONS <br /> 1.01 Conceptual Land Use Plan <br /> A. The City hereby approves the general use and development of the Property in <br /> accordance with the Conceptual Land Use Plan, which is incorporated herein as <br /> Exhibit "B". The Conceptual Land Use Plan shall constitute the land use plan <br /> under Section 2.4.3.3 of the San Marcos Development Code ("SMDC"). The <br /> Conceptual Land Use Plan may be amended from time to time in accordance with <br /> the processes and procedures outlined in Section 2.4.3.7.0 of the SMDC or as <br /> stated in Section 2.04 below. Development applications for the Property shall be <br /> consistent with the Conceptual Land Use Plan. <br /> 1.02 Proposed Schedule of Development and Phasing <br /> A. The project will be built in two phases. <br /> 1.03 Base Zoning District <br /> A. The Property will be developed using "LI", Light Industrial District as the base <br /> zoning district. <br /> 1.04 Development Standards: <br /> A. All City of San Marcos codes and ordinances in effect on the Effective Date of this <br /> Agreement shall govern throughout the term of this Agreement, regardless of City <br /> or ETJ status, except as noted within this Agreement. In the event of a conflict <br /> between this Agreement and the SMDC or the City's Codes and Ordinances, this <br /> Agreement shall control. <br /> B. Variations and modifications to the SMDC and Other Special City Standards are <br /> hereby granted and allowed as follows: <br /> 1. Section 3.6.2.1, Block Perimeter, which allows a maximum block <br /> perimeter of 5,000 feet for Light Industrial Districts shall be modified to <br /> allow a block perimeter of 12,000 feet provided that a stub out to the <br /> property to the north be constructed as illustrated in Exhibit C. <br /> i. Approval of the above waiver does not waive the requirement for Lot <br /> Frontage in Section 3.6.3.1.A. <br /> 2 <br />