Title
Consider/Discuss/Act on an Amendment to the Development Agreement for the Willow Wood Development Generally Located East of State Highway 5 (McDonald Street) and Approximately 4,000 Feet North of F.M. 543 (Laud Howell Parkway)
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
MEETING DATE: October 18, 2016
DEPARTMENT: Development Services Division
CONTACT: Michael Quint, Executive Director of Development Services
RECOMMENDED CITY COUNCIL ACTION:
* Staff recommends approval of the proposed amendments to the Willow Wood Development Agreement.
ITEM SUMMARY:
* Staff was recently approached by the developer for the Willow Wood Development generally located on the east side of McDonald Street and approximately 4,000 feet north of Laud Howell Parkway regarding an extension in the timeframes outlined within the governing development agreement.
* Specifically, the developer is requesting to modify the development requirements (Section J of the Development Agreement) from where all commencement dates, completion dates and timeframes currently pertaining to Phase I (212 maximum lots / 190 proposed) to pertain to the last certificate of occupancy for the final unit to be constructed in Phase 2A (48 lots proposed) for a total maximum lot count of 238 lots.
* Generally speaking, the proposed amendments to the approved development agreement would allow construction of the 24" master planned water line adjacent to the unnamed east/west arterial to be deferred until November 1, 2019 for the western portion of the line and November 1, 2020 for the eastern portion of the line. Additionally, the unnamed east/west arterial's construction will be deferred to November 1, 2019 for Phase I, November 1, 2020 for Phase II and with the adjacent phase of development for the final phase. Also, the extension of a 36" water line along State Highway 5 (McDonald Street) will be deferred until November 1, 2019. Lastly, the 12" off-site sewer line's construct...
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