Purpose; Consideration. (a) The Developer owns that certain 13.5 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance. (b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City. (c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 14.6 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use The Retreat at Hero Way (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 2.924 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use uses (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 9.204 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use commercial uses (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 15.01 acre tract located in ▇▇▇▇▇▇▇▇▇▇ Williamson County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “"Property”") and wishes to develop the Property for Singlemulti-Family residential use family uses (the “"Development”"). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ Bill 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s 's building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 18.844 acre tract located in ▇▇▇▇▇▇▇▇▇▇ Hays County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential mixed use (the “Development”). The Developer desires that the City be able to enforce the development standards set forth in Exhibit B attached hereto and incorporated herein for all purposes through its building permit, inspection, permit and certificate of occupancy processes by this agreementinspection processes, given that House ▇▇▇▇ Bill 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article Section 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 8.379 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential commercial use (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 3.5 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use commercial development (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 9.12 acre tract located in ▇▇▇▇▇▇▇▇▇▇ Hays County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Singlemixed-Family residential use (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ Bill 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance, as shown in Exhibit B attached hereto and incorporated herein for all purposes .
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article Section 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns Developers own that certain 13.5 182.18 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use the Bluffview Subdivision (the “Development”). The Developer desires Developers desire that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer Developers will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer Developers after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 2.1 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential commercial use (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ Bill 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 5.855 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use Commercial Development (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 40.0 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A A, Property Description, attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential and commercial use (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 2.764 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use 19 Unit Condominium Regime (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer applicant owns that certain 13.5 4.84 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop zone the Property for Single-Family residential use the EMI PUD (the “Development”). The Developer Owner desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer Owner will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the any future Development is built out as planned by the Developer Owner after conveyance to the builder of homes additional facilities or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer Parcel 1 Owner owns that certain 13.5 11.2310 acre tract located in ▇▇▇▇▇▇▇▇▇▇ Travis County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (“Parcel 1”) and Parcel 2 Owner owns that certain 12.8371 acre tract in Travis County, Texas, being described in Exhibit B attached hereto and incorporated herein for all purposes (“Parcel 2,” together, collectively with Parcel 1, the “Property”) and wishes has authorized Developer to develop the Property for Single-Family residential use Landmark at Manor East (the “Development”). The Owner and Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ Bill 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article Section 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both the Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 24.78 acre tract located in ▇▇▇▇▇▇▇▇▇▇ Travis County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use as a Catholic Church and common facilities associated uses as a Catholic Church (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreementAgreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session Chapter 3000, Texas Government Code limits the ability of cities to enforce certain development standards governing building materials by ordinance. In addition, the Developer desires that the City allow for the concurrent review of the plats and plans submitted for the Development.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulationsDeveloper. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article Section 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 .92 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for SingleGas Station C-Family residential use Store (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 2.68 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Singlesingle-Family residential use family townhouses (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer TVI owns that certain 13.5 15.96 acre tract located in ▇▇▇▇▇▇▇▇▇▇ County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes is under contract to develop sell 13.96 acres of the Property to WPWA. TVI will retain the remaining 2 acres of the Property to be developed for Single-Family residential use commercial purposes. The Property is proposed to be developed for multi—family and commercial uses pursuant to Ordinance No. (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement
Purpose; Consideration. (a) The Developer owns that certain 13.5 1.5 acre tract located in ▇▇▇▇▇▇▇▇▇▇ Williamson County, Texas, being more particularly described in Exhibit A attached hereto and incorporated herein for all purposes (the “Property”) and wishes to develop the Property for Single-Family residential use Townhouse Community (the “Development”). The Developer desires that the City be able to enforce the development standards set forth herein through its building permit, inspection, and certificate of occupancy processes by this agreement, given that House ▇▇▇▇ Bill 2439 adopted in the 86th Legislative Session limits the ability of cities to enforce certain development standards governing building materials by ordinance.
(b) The Developer will benefit from the City enforcing the Development Standards as set forth herein because it will be more efficient and cost-effective for compliance to be monitored and enforced through the City’s building permit and inspection processes and will help ensure that the Development is built out as planned by the Developer after conveyance to the builder of homes or other buildings and structures authorized by the applicable zoning regulations. The City will benefit from this Agreement by having assurance regarding certain development standards for the Development, having certainty that such Development Standards may be enforced by the City, and preservation of property values within the City.
(c) The benefits to the Parties set forth in this Article 1, plus the mutual promises expressed herein, are good and valuable consideration for this Agreement, the sufficiency of which is hereby acknowledged by both Parties.
Appears in 1 contract
Sources: Development Agreement