Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute the Second Amendment to Development Agreement for The Estates of Willow Wood Between the City of McKinney, Texas, and McKinney Partners 306 LP, Generally Modifying the Timing of Roadway Construction and Updating Development Exhibits, Generally Located on the East Side of State Highway 5 (McDonald Street) and on the North and South Sides of Telephone Road
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1A: Establish regional and infrastructure incentives to increase economic growth)
MEETING DATE: January 7, 2020
DEPARTMENT: Development Services
CONTACT: Gary Graham, P.E., Director of Engineering
Brandon Opiela, Development Manager
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This item authorizes the City Manager to execute the Second Amendment to Development Agreement for The Estates of Willow Wood with McKinney Partners 306, LP, generally to modify the timing of certain required roadway and water line construction for the remaining phases (Phases 5B, 6, and 7) of the single family development as well as update the development exhibits in conjunction with the associated rezoning request for a portion of the overall subdivision.
* The associated rezoning request (19-0098Z) of Phase 7, approximately 29.01 acres within the Estates of Willow Wood development, is being considered concurrently by the City Council to modify the lot count, lot size, and general layout of Phase 7. As such, three development exhibits within the governing agreements (Master General Development Plan, Phasing Plan, and Site Plan) need to be modified, as well as certain provisions regarding lot counts and lots sizes must also be modified in coordination with the proposed rezoning request.
* Should the associated rezoning request not be approved, modifications to the lot count, sizes and layout contained in the proposed Second Amendment will not...
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