To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, P.E. Director, Development Services
Sandy Vossler, Senior Planner, Development Services
Title
Ordinance Approving the Dawson Trails Development Agreement; and Vesting a Site Specific Development Plan Through October 6, 2052 (Second Reading - Approved on First Reading on August 16, 2022 by a vote 7-0)
Body
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Executive Summary
Dawson Trails I, LLC, Dawson Trails II, LLC, Dawson Trails Metropolitan District Nos. 1-5 and Westfield Trade Center Metropolitan Districts Nos. 1 and 2 (the Parties) are requesting to enter into a Development Agreement (DA) with the Town for property known as Dawson Trails that is located west of Interstate 25 and north and south of Territorial Road (Figure 1). In addition, the Parties are requesting vested property rights.
The property is currently under consideration for a Planned Development (PD) rezoning under a separate land use application. If the Dawson Trails Planned Development Plan and Zoning Regulations are approved, the Parties must enter into a Development Agreement with the Town to define the obligations of the property owners and the Town relative to the development of the property.
A DA is a legally binding contract between the property owners and the Town that requires public hearings before Town Council who shall review and make a decision upon the proposed DA.
Budget Impact
The Dawson Trails Development Agreement formalizes the developer/owner’s financial obligations to adequately address impacts of the development on Town infrastructure and services.
Staff Recommendation
Staff recommends approval of the Dawson Trails Development Agreement and Vesting a Site Specific Development Plan through October 6, 2052.
Proposed Motion
“I move to approve the Ordinance as introduced by title.”
Alternative Motions
“I move to approve the resolution as introduced by title, with the following conditions: (list conditions).
“I move to continue this item to the Town Council meeting on _____ date to allow additional time to (list information needed).”
Attachments
Attachment A Ordinance