Common use of Annexation Agreement Clause in Contracts

Annexation Agreement. Benefits of bringing the subject property into the City include future tax revenues, ability to ensure code compliance and safety, and to bring utilities further north to allow for future development. The annexation agreement states that the property will be rezoned to City IN (Industrial) upon annexation. According to Section IV-5 of the Urbana Zoning Ordinance, an annexation agreement is required if the proposed zoning is not a direct conversion from County zoning as stated in Table IV-1. Per Table IV-1, Table of Uses, a direct conversion from County B-4 (General Business) would result in City B-3 (General Business) zoning.

Annexation Agreement. Benefits of bringing the subject property into the City include compact, contiguous annexation, future tax revenues, and the ability to ensure code compliance and safety, and to bring utilities further north to allow for future development. The annexation agreement states that the property will be rezoned to City IN (Industrial) upon annexation. According to Section IV-5 of the Urbana Zoning Ordinance, an annexation agreement is required if the proposed zoning is not a direct conversion from County zoning as stated in Table IV-1. Per Table IV-1, Table of Uses, a direct conversion from County B-4 B-2 (General Neighborhood Business) would result in City B-3 B-1 (General Neighborhood Business) zoning.