Title
Consider/Discuss/Act on a Development Agreement with Haggard Enterprises, Ltd. for Approximately 134.44 Acres, Located Generally on the Southeast Corner of FM 2478 (Custer Road) and FM 1461.
Summary
MEETING DATE: November 16, 2010
DEPARTMENT: Development Services
CONTACT: John Kessel, Executive Director of Development Services
Jennifer Cox, AICP, Director of Planning
Brandon Opiela, Senior Planner
RECOMMENDED CITY COUNCIL ACTION:
· Staff recommends approval of the development agreement.
ITEM SUMMARY:
· The proposed development agreement is being considered concurrently by the City Council with the associated rezoning request (04-411Z) for the entire subject property (approximately 134 acres) and a petition for annexation (04-410A) for a portion of the subject property located within the City of McKinney’s Extraterritorial Jurisdiction (ETJ) (approximately 67 acres).
· The proposed development agreement is intended to deal with the provision of services and mitigate anticipated possible costs to the City associated with the proposed annexation. Upon development of the property, public improvements, including but not limited to, thoroughfares (Exhibit C & D), utilities (Exhibit C), and hike and bike trails will be required to be provided by the owner which are covered in greater detail within the agreement. Other items such as park land dedication and pro rata reimbursements are also included within the agreement.
· A proportionality fee is stipulated within the proposed agreement, for the portion of the subject property within the ETJ, which will allow the City to collect fees for capital improvements or facility expansions necessitated by and attributable to the development. The balance of land, currently within the City of McKinney, will be assessed impact fees per the impact fee ordinance then in effect.
· The proposed development agreement includes a Traffic Impact Analysis (TIA) (Exhibit D) which identifies certain roadway improvem...
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