TOWN STAFF REPORT RECOMMENDATIONS
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Discuss, consider and act to approve Resolution 24-84 approving a Development Agreement between the Town of Westlake, Texas and Fenway Development, Inc., for subdivision improvements for Solana Hills, a residential development to be designed and built in adjacency to Sam School Road. (Jason Alexander, AICP, CEcD, Deputy Town Manager)
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STAFF: Jason Alexander, AICP, CEcD, Deputy Town Manager
BACKGROUND:
Working closely with the Department of Planning and Development, Fenway Development, Inc., has prepared a development agreement (this "Agreement") pursuant to those provisions in Sec. 102-316 of the Town of Westlake Code of Ordinances entitled, "Development agreements" --- and the provisions in their PD, Planned Development District for Solana Hills --- as approved by the Town Council on October 9, 2023 ("Ordinance No. 982").
Ordinance No. 982 also requires that Solana Hills be developed as a single phase.
Fenway Development, Inc. intends to develop Solana Hills as a community of 55 detached single-family residences on approximately 32.88 acres fronting Sam School Road.
As proposed, the terms and conditions in this Agreement address the items required by Sec. 102-316 of the Town of Westlake Code of Ordinances for the creation and retention of public and private benefits --- with an emphasis on the following:
* That the Town of Westlake will assist with obtaining all permits and filings necessary to provide water to the development, as the development is located within the City of Southlake Water Certificate of Convenience and Necessity;
* That the Town of Westlake and Fenway Development, Inc. will equally share the costs to make improvements to Sam School Road (the improvements to Sam School Road will be bid, and Fenway Development, Inc. will escrow their portion of the costs to improve the road, and the escrowed funds must be provided to the Town before any application for a building permit may be made);
* That the t...
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