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 North and South Sides of Future F.M. 543 and West of U.S. Highway 75 (Central Expressway)
Summary
MEETING DATE: July 16, 2013
DEPARTMENT: Planning
CONTACT: Michael Quint, Director of Planning
Barry Shelton, AICP, Executive Director of Development Services
Rob Daake, P.E., Deputy City Manager
Mark Houser, City Attorney
RECOMMENDED CITY COUNCIL ACTION:
* 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.
* The development regulations of the proposed development agreement (ETJ) are identical to those contained in the associated zoning request (13-099Z).
BACKGROUND INFORMATION:
* The proposed development agreement generally governs the following aspects of development:
o The property owner agrees to dedicate to the City approximately 8 acres of right-of-way for the realignment/construction of FM 543.
o The property owner agrees to dedicate to the City approximately 24 acres of drainage easements, slope easements, temporary access easements, and temporary construction easements.
o The City agrees to construct FM 543.
o For the dedication of right-of-way and easements, the City agrees to grant $1.15MM in roadway impact fee credits.
o The City agrees to construct a valley storage swale and remove not more than 69,000 cubic yards of soil which is to be used in the construction of FM 543.
o The uses and development regulations contained within the development agreement (Article II) shall determine the manner in which the property is developed. G...
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