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BF: Vol pil <br />10018815 OPR 3922 661 <br />B. GENERAL REQUIREMENTS <br />• Development of the Property must meet the following requirements: <br />1. Buildings in the Phase 1 MU tract must be brought to the street edge of Craddock <br />Street and contain ground floor retail or office. <br />2. Buildings in the Phase 1 MF -12 tract facing Craddock Street must be a minimum of <br />3 stories. <br />3. Provide for the clustering of the majority of the development in Phase 1 along each <br />side of Craddock Street. <br />4. Provide for the possible allocation of unused density and impervious cover from <br />Phase 1 to Phases 2 and 3. <br />5. Protect and preserve the sensitive natural features discovered on the property. <br />6. Maintain the existing creeks in their natural undisturbed condition. <br />7. Maintain the existing "Hill Country" aesthetics by preserving over 50% of the <br />• property in its natural, undisturbed condition or for use as very, very low density <br />rural residential. <br />8. This Agreement shall govern the Development of the Property and shall be binding <br />on Developer, its successors and assigns. Upon execution, this Agreement shall be <br />recorded in the Official Records of Hays County, Texas. <br />C. GENERAL TERMS AND CONDITIONS <br />1. Property Description: The Property is herein defined as the Buie Tract. Property <br />is described as shown on Exhibit "A ". <br />2. Density Allocation: <br />a. Permitted Project Density: 459 Lots /Units (Based on an overall Project Density <br />• <br />of 3 Lots /Units per Acre) <br />FJ <br />