Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute an Annexation and Development Agreement Between the City of McKinney, Texas, the Estate of Tom B. Wilson, Sr., and the Hefner Living Trust, Generally to Establish Development Standards, Parkland Dedication, Infrastructure Requirements, and Proportionality/Impact Fees for Single Family Residential Uses Prior to Annexation of the Property, Generally Located South of FM 543 and East of CR 202
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1C: Provide a strong city economy by facilitating a balance between industrial, commercial, residential and open space)
MEETING DATE: December 7, 2021
DEPARTMENT: Development Services
CONTACT: Gary Graham, P.E., Director of Engineering
Brandon Opiela, Development Services Manager
RECOMMENDED CITY COUNCIL ACTION:
* Approval of the Resolution
ITEM SUMMARY:
* This item authorizes the City Manager to execute an Annexation and Development Agreement with the Estate of Tom B. Wilson, Sr. and the Hefner Living Trust, generally to establish development standards, parkland dedication, infrastructure requirements, and proportionality/impact fees for single family residential uses, prior to the annexation of the property. The property will develop in accordance with the City's Zoning, Subdivision and land development ordinances.
* The property (totaling approximately 84 acres) is currently located within the City's extraterritorial jurisdiction (ETJ) and is requesting annexation and zoning at such time that any part or portion of the property is abutting and adjacent to the CITY's corporate limits. This potential for annexation will be disclosed to all future homeowners at the time of purchase.
* The property shall develop as single family residential in accordance with Section 146-106, "SF5-Single Family Residential District" and dedicate parkland in accordance with Section 142-157 or pay money in lieu of dedicating land in...
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