Common use of Parkland Clause in Contracts

Parkland. In addition to the 25.7 acres previously donated to the City of Dripping Springs (25.7 acres parkland), an additional 345.0 acres of Parkland will be provided out of the approximately 474 acres of open space, with 80.76 acres being within the floodplain, reflected on the Concept Plan, Exhibit D, and the Master Plan for Parkland for the Land, Exhibit B. This dedication shall fulfill all parkland dedication requirements on the Project, including but not limited to the requirements of Article 28.03 (Parkland Dedication) of the City’s Code of Ordinances in effect as of the Effective Date of the Original Agreement, and no further dedication or payment will be required related to Parkland Dedication Fees other than that listed in this Agreement. Parkland will be dedicated in accordance with Section 28.03.006 of the Dripping Springs Code of Ordinances in effect as of the Effective Date of the Original Agreement and the attached Exhibit B Master Plan for Parkland for the Land. At the discretion of Developer, portions may be dedicated to the City, with the City’s acceptance and approval, the County, a homeowner’s association, or the District. Developer shall not be required to submit park plans for each phase of development to the City’s Parks and Recreation Commission if Developer develops Parkland in accordance with the attached Exhibit B.

Parkland. In addition to the 25.7 43.20 acres previously donated to the City of Dripping Springs (25.7 acres parklandparkland plus 17.5 acres of the existing school open space), an additional 345.0 acres of Parkland will be provided out of the approximately 474 acres of open space, with 80.76 acres being within the floodplain, reflected on the Concept Plan, Exhibit D, and the Master Plan for Parkland for the Land, Exhibit B. This dedication shall fulfill all parkland dedication requirements on the Project, including but not limited to the requirements of Article 28.03 (Parkland Dedication) of the City’s Code of Ordinances in effect as of the Effective Date of the Original Agreement, and no further dedication or payment will be required related to Parkland Dedication Fees other than that listed in this Agreementrequired. Parkland will be dedicated in accordance with Section 28.03.006 of the Dripping Springs Code of Ordinances in effect as of the Effective Date of the Original Agreement and the attached Exhibit B Master Plan for Parkland for the Land. At the discretion of Developer, portions may be dedicated to the City, with the City’s acceptance and approval, the County, a homeowner’s association, or the District. Developer shall not be required to submit park plans for each phase of development to the City’s Parks and Recreation Commission if Developer develops Parkland in accordance with the attached Exhibit B.