Title
Resolution - A Resolution of the City of Mansfield, Texas Authorizing the Execution of an Annexation and Development Agreement by and Between the City of Mansfield and Larry D. Stagner and Wife Teresa D. Stagner for the Development of a Residential Subdivision
Requested Action
Consider the resolution approving the proposed Annexation and Development Agreement.
Recommendation
Staff recommends approval of the agreement.
Description/History
The Stagner property being proposed for annexation is 36.144 acres bounded by Ellis Street and Hardy Street, adjacent to the current Mansfield city limits and the Somerset development. 1.995 acres is the Stagner homestead, the remaining 34.149 acres is proposed to be developed by Hanover as an expansion to the Somerset development. Exhibit "A" in the agreement depicts the property.
The purpose of the agreement is to outline a few basic mutually agreeable terms for the annexation and development. The Developer is declaring intent to propose a zoning change within 60 days that will be consistent with the Somerset Planned Development. Exhibits "B" and "C" in the agreement represent the concept that is anticipated for the zoning application. It is stated that if the zoning application is not successful, the owner will not want the annexation to continue. It is planned to have the formal annexation actions on the same council agendas as the zoning actions. Exhibit "B" to the agreement is the Service Plan. It essentially states that the annexed areas will benefit from the same City services as comparable areas within the City. Water and wastewater service facilities will be installed at the developer's expense and schedule.
Justification
The agreement is not a commitment for zoning approval. A zoning application will be filed and processed as all other zoning applications. The developer is agreeing to pay all applicable development fees and no financial participation has been requested.
Funding Source
N/...
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