To approve a Development Agreement by and between the City of Plano, Texas and The Todd Andrew Moore-Jonathan Allen Moore Family Limited Partnership, Ltd., a Texas limited partnership; and authorizing the City Manager to execute all necessary documents. Approved

The Development Agreement attached outlines infrastructure phasing and cost participation for the full 215.7-acre development located on the west side of Jupiter Road, 490 feet north of Parker Road.

The property under consideration is 215.7 acres out of the Joseph Russell Survey, Abstract No. 776, and the J. Salmons Survey, Abstract No. 815, in the City of Plano, Collin County, Texas.  It has been owned by the The Todd Andrew Moore-Jonathan Allen Moore Family Limited Partnership, Ltd. for many years and is undeveloped and currently in use as a farm. The property was annexed into the city in 1999 and has been zoned Agricultural (A) since that time.

The owners are now requesting to rezone the subject property from Agricultural (A) to Residential Community Design (RCD) per Zoning Case 2023-028, which will be considered on the same agenda.

This item is recommended for approval subject to approval of Zoning Case 2023-028.

Approval of this agenda item will support the City's Critical Success Factor of Residential and Commercial Economic Vitality.