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Res 2025-043 approving an amended development agreement (Riverbend Ranch / Baugh Ranch / Riley’s Point) with HK Baugh Ranch, LLC, HK Riley’s Point, LLC, HK Real Estate Development, LLC, and Jack’s Reservs
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Res 2025-043 approving an amended development agreement (Riverbend Ranch / Baugh Ranch / Riley’s Point) with HK Baugh Ranch, LLC, HK Riley’s Point, LLC, HK Real Estate Development, LLC, and Jack’s Reservs
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5/30/2025 8:56:35 AM
Creation date
5/23/2025 8:43:45 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2025-043
Date
3/4/2025
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Permit. Notwithstanding the foregoing, in the event the Remaining Offsite <br /> Easement has not been obtained within 180 days of the City's receipt of the <br /> Appraisal, the City agrees that the Developer may proceed with obtaining the <br /> Permit. Provided,however,even once the Permit is obtained,the Parties agree that <br /> construction of the wastewater treatment plant, pursuant to the Permit, may not <br /> proceed unless the Remaining Offsite Easement has not been obtained within 210 <br /> days of the City's receipt of the Appraisal. <br /> (h) Owners and Developer shall make provisions for public water supply and <br /> distribution, wastewater collection and treatment, and drainage services for the <br /> Property through public utility facilities to be constructed by or on behalf of the <br /> Districts. Owners and Developer may enter into one or more reimbursement <br /> agreements with the Districts to seek reimbursement for the costs of water, <br /> wastewater, and drainage facilities, and road facilities, to the maximum extent <br /> provided by law. <br /> (i) All capacity in the water system, wastewater system, and drainage system <br /> constructed by or on behalf of the Districts to serve all or a portion of the Property <br /> will be reserved to the serve the Property within the applicable District. Such <br /> capacity reservation is limited to the capacity necessary to serve the Project at full <br /> build-out. In the event such facilities are oversized by the City, the additional <br /> capacity created by such oversizing shall be reserved to the City. Any conveyance <br /> or transfer of such facilities shall not affect Owners' or Developer's rights to <br /> reimbursement from the District(s) for the cost of any improvements or capacity <br /> in improvements constructed or financed by Owners or Developer, or the <br /> Districts' rights to effect such reimbursement. <br /> (j) Owners, Developer and the Districts shall not be required to oversize any public <br /> improvements that are constructed to serve the Property to serve any areas outside <br /> the Property unless the cost of such oversizing is fully funded by the benefiting <br /> party or parties and is provided by separate agreement. <br /> (k) The City acknowledges that the City's existing water and wastewater facilities <br /> have sufficient capacity to serve up to 4,500 LUEs for the Project. The City agrees <br /> to provide a utility commitment letter, if requested by Developer or Owner. <br /> 16 <br />
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