Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Development Agreement for Erwin Farms Phase 4 Between the City of McKinney, Texas, and MM Joplin 60, LLC to Establish Annexation, Development and Infrastructure Standards for the Subject Property Located on the South Side of Bloomdale Road, North of Wilmeth Road and West of Hardin Boulevard.
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1A: Establish regional and infrastructure incentives to increase economic growth)
MEETING DATE: December 15, 2020
DEPARTMENT: Development Services
CONTACT: Gary Graham, P.E., Director of Engineering
Jennifer Arnold, A.I.C.P., Director of Planning
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This item authorizes the City Manager to execute a Development Agreement with MM Joplin 60, LLC, generally to establish annexation, development, and infrastructure standards for Phase 4 of the Erwin Farms development, which is a proposed single family development current located in the ETJ of McKinney.
* Through execution of this agreement, MM Joplin 60 will commit to annex the land area with phase 4 of the development into McKinney's City Corporate Limits and develop the property pursuant to the development standards included in the proposed Development Agreement.
* Additionally, the Texas Department of Transportation (TxDOT) is currently evaluating a route for a multilane limited access roadway (freeway) that would run across the current path of CR 164 (Bloomdale Road).
* The proposed freeway could impact 26 lots within Phase 4 of the development.
* ?his agreement will delay the development of the 26 lots for five years from the date of execution of the agreement, in order to allow the proposed Erwin Farms Phase 4 development to move forward while TxDOT concludes its evaluation.
* If TxDOT's study concludes that the route of the freeway will not be along Bloomdale Road or if T...
Click here for full text