Laserfiche WebLink
DEVELfl kNt AGR EMELT <br /> t <br /> +�a gineen <br /> r x <br /> LAE"AIN LP <br /> L <br /> Relative to the Development o€Cextarn`Property VVithtn the <br /> MQutttainHouse Communtty <br /> RECITALS' <br /> This Agreement is entered into as o:f DEC j 1 7p ,2006'(the "Effective,Date"} on <br /> the basis of the following facts, understandings and intentibns'of'the:parties: <br /> Recital A. These Recitals refer to and utilize certain capitalized terms which are defined <br /> in Section 1.1. of this Agreement. <br /> Recital B. The Development Agreement Legislation authorizes County to enter into <br /> development agreements in connection with the development of real property within its <br /> jurisdiction by persons having a legal or equitable interest in the real property which is the <br /> subject of a development agreement. The Development Agreement Legislation also authorizes <br /> counties to enact, by resolution or ordinance, procedures or requirements for the consideration of <br /> development agreements, to meet the goals of the Development Agreement Legislation, to <br /> conserve resources, reduce development costs to the consumer and encourage investment in and <br /> a commitment to comprehensive planning to maximize the efficient utilization of resources at the <br /> least economic cost to the general public. <br /> Recital C. County has enacted the Development Agreement Regulations, establishing the <br /> procedures and requirements for the consideration of Development Agreements thereunder <br /> pursuant to the Development Agreement Legislation.. <br /> Recital D. The Property subject to this Agreement consists of approximately 28.55 acres <br /> and is generally located as shown in shading in Exhibit A-1 attached hereto and consisting of <br /> property(in shading) owned in fee by Developer and.unconditionally subject to this Agreement, <br /> which is legally described in Exhibit A-2 attached hereto. The Property is located within the <br /> sphere of influence of the Mountain House Community Facilities District and is subject to a <br /> security interest which will be subordinated to this Agreement or removed for this Agreement to <br /> be effective as to such Property. <br /> Recital E. This Agreement is entered into pursuant to and in furtherance of the Master <br /> Plan for the Mountain House Community("Master Plan"). The Master Plan implements the <br /> County General Plan Amendment which added the new community of Mountain House to the <br /> W02-SF:FPD%61481 145.2 4- <br /> - <br />