Consider Action on a Resolution Approving a Developer's Agreement Between the Town of Addison and COG Dallas Homes III, LLC for the Addison Reserve Townhomes Development Project and Authorizing the City Manager to Execute the Developer's Agreement.

At its March 8, 2022 meeting, the City Council approved a residential Planned Development (PD) zoning district for a project comprising thirty-one (31) townhomes and other public and private improvements on a 1.804 acre property located at 4150 Beltway Drive. The PD Ordinance (Ordinance No. O22-8) required that the Developer and Town execute an agreement concerning the development of the property, to include the disposition of temporary fencing, and the future dedication of certain streets and other improvements for the benefit and use of the general public. The attached Developer's Agreement memorializes these terms and conditions for execution by the Town and Developer.

Administration recommends approval.