Common use of Planned Unit Development Clause in Contracts

Planned Unit Development. The Developer agrees to prepare and submit a proposed PUD for the Project for the City’s review and consideration in accordance with the City Code and this Agreement. The PUD will include mixed uses, as shown on the Land Plan, as well as a variety of housing types and prices. The PUD will provide for a compact, connected community in accordance with the City’s comprehensive plan and will meet the superior development standards contained in this Agreement. Additional cost participations which exceed the requirements set forth in this Agreement and the Applicable Rules will not be required as a condition to approval of the PUD. (Note: Developer has also requested language that confirms that (i) no additional dedications will be required that exceed those set forth in the Applicable Rules and this Agreement; the dedication contemplated in Exhibit E, item 3 is contingent upon this confirmation; and (ii) no development standards that exceed those set forth in the Applicable Rules and this Agreement will be required as a condition to approval of the PUD; this is under discussion with Staff). The Developer agrees that the densities and land uses reflected on the Land Plan are not guaranteed levels of development. Consistent with the Approved Preliminary Plans, the City staff has recommended that the Land initially be designated as interim single-family residence standard lot (I-SF-2) district and interim single family residence small lot (I-SF-4a) as depicted on the attached Exhibit D. The Developer agrees that it will apply for initial zoning as a part of its application for approval of the PUD. The I-SF-2 and I-SF-4a zoning would be established as only interim categories for purposes of the City’s Limited Purpose Annexation of the District and will not be used by the City to establish baseline zoning for the PUD. Until the PUD is approved by the City, the City will not be required to issue any site development permits for any portion of the Land other than permits consistent with these interim categories and the terms of this Agreement. A reference to this Agreement will be included on the face of all future preliminary plans covering portions of the Land. If, as, and when the City approves the PUD, the PUD zoning will supersede and replace the Land Plan, which will be of no further force or effect. The Developer agrees that the densities and land uses reflected on the Land Plan are not guaranteed levels of development. Consistent with the Approved Preliminary Plans, the City staff has recommended that the Land initially be designated as interim single-family residence standard lot (I-SF-2) district and interim single family residence small lot (I-SF-4a) as depicted on the attached Exhibit D. The Developer agrees that it will apply for initial zoning as a part of its application for approval of the PUD. The I-SF-2 and I-SF-4a zoning would be established as only interim categories for purposes of the City’s Limited Purpose Annexation of the District and will not be used by the City to establish baseline zoning for the PUD. Until the PUD is approved by the City, the City will not be required to issue any site development permits for any portion of the Land other than permits consistent with these interim categories and the terms of this Agreement. A reference to this Agreement will be included on the face of all future preliminary plans covering portions of the Land. If, as, and when the City approves the PUD, the PUD zoning will supersede and replace the Land Plan, which will be of no further force or effect.

Planned Unit Development. The Developer agrees to prepare and submit a proposed PUD for the Project for the City’s review and consideration in accordance with the City Code and this Agreement. The PUD will include mixed uses, as shown on the Land Plan, as well as a variety of housing types and prices. The PUD will provide for a compact, connected community in accordance with the City’s comprehensive plan and will meet the superior development standards contained in this Agreement. PUD Tier Two superiority criteria included in this Agreement will be considered in City Staff's recommendation and will be given consideration in the deliberation of the PUD. Additional cost participations which exceed the requirements set forth in this Agreement and the Applicable Rules will not be required as a condition to approval of the PUD. (Note: Developer has also requested language that confirms that (i) no additional dedications will be required that exceed those set forth in the Applicable Rules and this Agreement; the dedication contemplated in Exhibit E, item 3 is contingent upon this confirmation; and (ii) no development standards that exceed those set forth in the Applicable Rules and this Agreement will be required as a condition to approval of the PUD; this is under discussion with Staff). The Developer agrees that the densities and land uses reflected on the Land Plan are not guaranteed levels of development. Consistent with the Approved Preliminary Plans, the City staff has recommended that the Land initially be designated as interim single-family residence standard lot Single Family Residence Standard Lot (I-SF-2) district District and interim single family residence small lot Single Family Residence Small Lot (I-SF-4a) District, as depicted on the attached Exhibit D. The Developer agrees that it will apply for initial zoning as a part of its application for approval of the PUD. The I-SF-2 and I-SF-4a zoning would be established as only interim categories for purposes of the City’s Limited Purpose Annexation of the District and will not be used by the City to establish baseline zoning for the PUD. Until the PUD is approved by the City, the City will not be required to issue any site development permits for any portion of the Land other than permits consistent with these interim categories and the terms of this Agreement. A reference to this Agreement will be included on the face of all future preliminary plans covering portions of the Land. If, as, and when the City approves the PUD, the PUD zoning will supersede and replace the Land Plan, which will be of no further force or effect. The Developer agrees that the densities and land uses reflected on the Land Plan are not guaranteed levels of development. Consistent with the Approved Preliminary Plans, the City staff has recommended that the Land initially be designated as interim single-family residence standard lot (I-SF-2) district and interim single family residence small lot (I-SF-4a) as depicted on the attached Exhibit D. The Developer agrees that it will apply for initial zoning as a part not decrease the densities shown on the Approved Preliminary Plans based on any reservations, dedications, or donations of its application for approval of the PUD. The I-SF-2 and I-SF-4a zoning would be established as only interim categories for purposes of the City’s Limited Purpose Annexation of the District and will not be used land by the City to establish baseline zoning for the PUD. Until the PUD is approved by the City, the City will not be required to issue any site development permits for any portion of the Land other than permits consistent with these interim categories and the terms of Developer under this Agreement. A reference to this Agreement will be included on the face of all future preliminary plans covering portions of the Land. If, as, and when the City approves the PUD, the PUD zoning will supersede and replace the Land Plan, which will be of no further force or effect.

Planned Unit Development. The Developer agrees to prepare and submit a proposed PUD for the Project for the City’s review and consideration in accordance with the City Code and this Agreement. The PUD will include mixed uses, as shown on the Land Plan, as well as a variety of housing types and prices. The PUD will provide for a compact, connected community in accordance with the City’s comprehensive plan and will meet the superior development standards contained in this Agreement. PUD Tier Two superiority criteria included in this Agreement will be considered in City Staff's recommendation and will be given consideration in the deliberation of the PUD. Additional cost participations which exceed the requirements set forth in this Agreement and the Applicable Rules will not be required as a condition to approval of the PUD. (Note: Developer has also requested language that confirms that (i) no additional dedications will be required that exceed those set forth in the Applicable Rules and this Agreement; the dedication contemplated in Exhibit E, item 3 is contingent upon this confirmation; and (ii) no development standards that exceed those set forth in the Applicable Rules and this Agreement will be required as a condition to approval of the PUD; this is under discussion with Staff). The Developer agrees and the City agree that the densities and land uses reflected on the Land Plan are not guaranteed levels of development. Consistent with the Approved Preliminary Plans, the The City staff Staff has recommended that an area of the Land Project that contains no more than 300 single-family lots be initially be designated as interim single-family residence standard lot (I-SF-2) district and interim single family residence small lot Single Family Residence Small Lot (I-SF-4a) District and that the remainder of the Land be designated as depicted on the attached Exhibit D. interim Rural Residence (I-RR) District. The Developer agrees that it will apply for initial zoning as a part of its application for approval of the PUD. The I-SF-2 SF-4a and I-SF-4a RR zoning categories would be established as only an interim categories category for purposes of the City’s Limited Purpose Annexation of the District and will not be used by the City utilized to establish baseline zoning for the PUD. Until the PUD is approved by the City, the City will not be required to issue any site development permits for any portion of the Land other than permits consistent with these this interim categories category and the terms of this Agreement. A reference to this Agreement will be included on the face of all future preliminary plans covering portions of the Land. If, as, and when the City approves the PUD, the PUD zoning will supersede and replace the Land Plan, which will be of no further force or effect. The Developer agrees that the densities and land uses reflected on the Land Plan are not guaranteed levels of development. Consistent with the Approved Preliminary Plans, the City staff has recommended that the Land initially be designated as interim single-family residence standard lot (I-SF-2) district and interim single family residence small lot (I-SF-4a) as depicted on the attached Exhibit D. The Developer agrees that it will apply for initial zoning as a part of its application for approval of the PUD. The I-SF-2 and I-SF-4a zoning would be established as only interim categories for purposes of the City’s Limited Purpose Annexation of the District and will not be used by the City to establish baseline zoning for the PUD. Until the PUD is approved by the City, the City will not be required to issue any site development permits for any portion of the Land other than permits consistent with these interim categories and the terms of this Agreement. A reference to this Agreement will be included on the face of all future preliminary plans covering portions of the Land. If, as, and when the City approves the PUD, the PUD zoning will supersede and replace the Land Plan, which will be of no further force or effect.