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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i -f III'II1if'1w,If.`IC-11-1pi[Iwil' � W AV m B. City Council Action 1. Development of the property under the proposed 1. During the initial authorization the City Council may appoint agreement and land use plan implement the policies of theComprehensive Plan; a committee of its members for purposes of reviewing and facilitating negotiations with the property owner. 2. Extension of public facilities and services to the property under the agreement do not compromise the City's ability 2. The Council may accept, accept with modifications, or to timely provide adequate public facilities to property reject the proposed development agreement, and may inside the City; approve, conditionally approve or deny the land use plan consistent with its decision on the development 3. Extension of public facilities and services to the property agreement. under the agreement do not degrade environmental 3. If the Council accepts the agreement, it shall approve the resources; agreement by resolution that authorizes the City Manager 4. Water quality impacts arising from the proposed to execute the agreement on behalf of the City following development are mitigated by measures provided in the execution by the property owner. development agreement; 4. If the development agreement is approved by City Council 5. The agreement furthers the creation or expansion of other and executed by the property owner,the Responsible utility providers to the City's detriment; Official shall record the approved development agreement at the developer's expense in the real property records 6. The agreement authorizes the application of the City's of each county in which land subject to the agreement is zoning and development standards to the uses proposed, located. which otherwise could not be applied to the proposed development; 5. The land use plan for the property shall be approved as an exhibit to the development agreement and shall 7• The agreement authorizes the City to recoup the costs of conform to the requirements of Section 2.4.3.3 of this Capital Improvements provided to the development while it Development Code.Thereafter, development applications remains in the Extraterritorial Jurisdiction; for the land subject to the development agreement shall be B. The schedule of annexation proposed in the agreement consistent with the land use plan and shall be processed furthers the City's policies on expansion and growth of the in accordance with the provisions in the agreement. City; 6. Unless a different time is specified in the resolution,the g. The agreement does not creates future barriers to property owner shall accept the development agreement annexation of land contiguous to the area subject to the and land use plan and execute the agreement within agreement; ten (10)business days of the date the resolution is adopted. If the agreement is not accepted and executed 10. The agreement does not promote economic development by the property owner within such period,the Council's that undermines or inhibits economic development acceptance of the agreement shall be deemed withdrawn. within the city center or other economic centers of the Section 2.4.3.6Criteria for Approval community; and 11. The proposed agreement furthers the public health,safety A. The following list of criteria for review and recommendations and general welfare. regarding a proposed development agreement are not all-inclusive. Review and recommendations of proposed development agreements should consider whether: 2:24 Amended:September 1,2020