Res 2021-246 approving a Development Agreement with HK Baugh Ranch, LLC, HK Riley’s Pointe, LLC, and Benchmark Acquisitions, LLC, to regulate the annexation and future development of approximately 1,142 acres of land

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" " M whether to approve the amendment. ARTICLE V. DEVELOPMENT OF THE PROPERTY Section 5.01 Densi . There shall be no density requirements for the Property. The " Property can be developed to any density numbers, including, but not limited to any single-family residential, multi-family development, non-traditional homes, and commercial property as the market demands and Owners and/or Developer determine, provided such density requirements comply with the Concept Plan and this Agreement. Owners and Developer may develop industrial and commercial property without any limitation on the maximum amount of industrial or commercial acreage; provided, however Owners agree that there will be a minimum of 275 acres of commercial and/or industrial development. Further, regardless of the density of the Property, the City's commitment for LUEs is limited to the LUEs set forth in this Agreement and the Utility Agreements,which may be amended from time to time. Section 5.02 Site Requirements. The Property may be developed without any residential lot square foot requirements. Lots within the Property shall not be subject to minimum lot size, width, depth, setback, or area requirements. In addition to single- family homes,non-traditional homes may be constructed within the Property on lot sizes, and with minimum setbacks, generally acceptable for the applicable product. "Non- traditional homes" shall include townhomes, duplexes, quadraplexes, zero lot line homes, brownstones, patio homes, and any other type of home other than a traditional single-family home. Section 5.03 Construction of Public Improvements. (a) Owners and Developer shall provide roads, drainage, and utilities, to serve the Property at their sole cost,including easements and other rights-of-way necessary for said improvements; provided, however, Owners and Developer may receive reimbursement of eligible costs from the Districts.Water and wastewater facilities _ shall be designed and constructed in accordance with the Utility Agreements, and the City shall have the right to review and approve plans and specifications for such facilities in accordance with the Utility Agreements. The water, sewer, and drainage facilities to serve Riley's Pointe shall be designed and constructed in accordance with the Subdivision Regulations and the Design Criteria. The sewer and drainage facilities to serve River Bend shall be designed and constructed in accordance with the Subdivision Regulations and the Design Criteria, and, in the event River Bend receives water service from the City,the water facilities to serve River Bend shall be designed in accordance with the Subdivision Regulations and the Design Criteria. Roads to serve the Property shall be designed and constructed in accordance with Hays County Development Regulations and any approved 8 960915_5