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B Vol Pq <br />1.3028582 OPR 4728 66 1 <br />EXHIBIT "2" <br />CITY'S CONDITIONAL APPROVAL <br />The following are conditions to the consent of the City of San Marcos to the <br />Development Agreement Partial Assignment and Assumption granted herein. This Agreement <br />and the City's consent hereto shall not be effective until each of said conditions below have been <br />satisfied and /or incorporated into recorded restrictive covenants. <br />1. Approximately 94 acres (Phases 2 and 3) of the 153 acre tract will be dedicated to the <br />City as parkland. <br />2. 8.804 acres of land in Phase 1 along Wonder World Drive as indicated in the Phase 1, <br />Section 1 Final Plat will be dedicated to the City as parkland. <br />3. The density on the Phase 1 multi - family residential tract will be reduced from 382 units <br />as originally allowed to 194 units with a population density of 899. <br />4. 71 units will be assigned to the Mixed Use area of Phase I with a limit of three bedrooms <br />per unit. No leased or rented by the bedroom multi - family dwelling units will be allowed on any <br />portion of such Mixed Use area. In addition, building heights shall not exceed one story in the <br />portion of the Mixed Use area on the west side of Craddock Avenue that abuts the Franklin <br />Square neighborhood. <br />5. An amendment to the Concept Plat for consideration by the San Marcos Planning and <br />Zoning Commission will be initiated to modify the Conceptual Land Plan Summary Table as <br />follows: <br />11 <br />- <br />`= <br />Phase i 33 2 +f HAF -12 - 382 802 <br />802 - <br />19�i '' <br />899 <br />U 71 _ 149. <br />12.88+/- M - . <br />149 <br />71 <br />453 951 <br />951 <br />265 <br />1,112 <br />Transferof.Unused NQtAddeessed, <br />Phase.2 =. TBD` Pltiase',I Units ih,Concepi Plat <br />.476* <br />0 8 <br />62 <br />Phase 3 75.15 + /- TBD 4 11 <br />11 <br />04 <br />044 <br />All Phases= Total,'- 457 462 <br />1,438 ** <br />26579 <br />* Note: 188 units transferred from Phase 1 x (4.63 bedrooms/ units in Capstone project minus 2 1 bedrooms per unit per existing <br />Concept Plat). <br />* *(382 x 2.1= 802) + (71 x 2.1= 149)+ (188 x 2.53= 476)+ 11 = 1,438. <br />11 <br />