Title
Conduct a Public Hearing to Consider/Discuss/Act on a Development Agreement (ETJ) with Central and Fannin Wilson 155, L.L.L.P., Being Fewer than 154 Acres, Located on the Northeast Corner of F.M. 543 and U.S. Highway 75 (Central Expressway)
Summary
MEETING DATE: June 25, 2013
DEPARTMENT: Planning
CONTACT: Michael Quint, Director of Planning
APPROVAL PROCESS: The recommendation of the Planning and Zoning Commission will be forwarded to the City Council for final action at the July 16, 2013 meeting.
STAFF RECOMMENDATION: Staff recommends approval of the proposed development agreement.
ITEM SUMMARY: The property owner and the City of McKinney are proposing to enter into a development agreement under Section 212.172 of the Texas Local Government Code that will govern the development of the subject property, both prior to and after annexation into the City.
Typically, a development agreement (ETJ) is utilized when the property owner and the City of McKinney wish to lock in specific development regulations or other terms when annexation is not imminent. In these typical cases, only the City Council considers the agreement.
In this case, the property owner is wishing to concurrently establish a number of development regulations under a development agreement (ETJ) in conjunction with an associated annexation and zoning case. Because of this atypical request, Staff felt it necessary to give the public and the Planning and Zoning Commission an opportunity to consider portions of the agreement since it will govern the use and development of the property during the term of the agreement. The scope of the Commission's review and consideration should be limited to Article II of the attached development agreement.
The development regulations of the proposed development agreement (ETJ) are identical to those contained in the associated zoning request (13-099Z).