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Item 9AInnovation ◊ Integrity ◊ Accountability ◊ Commitment to Excellence ◊ Teamwork Item 9A Authorize a Residential Developer Agreement with Terra Shady Oaks, L.P. for Shady Oaks Phase IA, a 36 lot addition, located on the west side of Shady Oaks, between West Highland Street and West Southlake Boulevard Action Requested Shady Oaks Addition, Phase IA 5,170 LF PAVEMENT 5,400 LF WATER LINE 3,800 LF SANITARY SEWER 2000 LF STORM SEWER Utility Plan Shady Oaks Addition, Phase IA 36 Lot Subdivision – Located on the west side of Shady Oaks between Highland and W. Southlake Blvd. Critical Drainage Structure (#8 and #10) fees total $10,300.06 Standard agreement drafted by City Attorney Shady Oaks Addition, Phase IA Park Dedication Credits Park dedication requirements for this development are 0.9 acre of land, or a fee payment alternative of $54,000 based on 36 dwelling units at $1,500 each. The developer has existing park dedication credits of 13.395 acres and shall use existing 0.9 acre credit to satisfy dedication requirements. The Developer shall be allowed to carry forward the credit balance of 12.495 acres for future developments. Park Requirements The developer shall construct an 8 foot paved pathway connection along the north side of the east-west entry road from Shady Oaks to the western boundary of this phase, with the connection to Peytonville constructed in subsequent phases. Recommendation Authorize a Residential Developer Agreement with Terra Shady Oaks, L.P. for Shady Oaks Phase IA, a 36 lot addition, located on the west side of Shady Oaks, between West Highland Street and West Southlake Boulevard Innovation ◊ Integrity ◊ Accountability ◊ Commitment to Excellence ◊ Teamwork Questions? Bob Price (817) 748-8097