20 - Zoning Amendment from Agricultural to a Planned Development - Block 351 and 352

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Over the course of time on this project the Planning & Zoning Commission, City Council, Staff and Developer have reviewed the new proposed master planned development known as the Forestbrook Estates. This dates back to the first joint -work session held with Council and P&Z on 4/7/22. At that time and moving forward, there is a strong consensus of support for development approvals. The developer has worked with staff to incorporate the upgraded arterial roadway plan into the Planned Development to accommodate higher density residential and commercial development. A Traffic Impact Analysis (TIA) was required by TX DOT for connection to their roadway, but as of this date, has not been submitted by the developer. Staff has developed a financing strategy for the city to pay for I/2 of the construction of a new 4 -lane divided arterial street currently known as the `New Jefferson Connection' along a proposed route from SE Loop 286 approximately 4,000 L.F. into the development. This 80 ft. strip is where a former rail line was abandoned back to the property owner of this land. Following that time an access easement affording rights to the land owner to the north was also set in place where approximately 22 acres of `non -wetland' buildable area is available. Discussions between the developer and adjacent land owner are underway to share in this other %2 cost of this new major arterial. Cost estimates will be prepared by the City Engineer for this project prior to approval of the Master Plat and included in the recommended development agreement prior final approval by the City Council. A school site of approximately 9 acres and parkland is planned for donation to the school for a new elementary school. There is also approximately 40 acres, most in the flood plain at the North end of this nearly 200 acre development site, which is also planned for donation to the City of Paris. The developer's original plan breaks down the near 200 acres for the PD by acres as follows: Zoning Acreage and Lot Count Overview Phase One Single-family 183 lots (current concept plan, subject to revision for SF -3) Mixed-use 9.57 acres Remaining Phases Single-family 57 lots (current concept plan, subject to revision for 12.39 acres for SF -3) Multi -family 10.29 acres Commercial 6.6 acres Mixed-use 6.7 acres Elementary School Land Donation 9.15 acres City Park Land Donation 40+ acres Again, this initial rezoning approval of the PD will be the third of the required 3 development approvals. The amendment to the Comprehensive Plan FLUM and Master Thoroughfare Plan were previously approved by the City Council at its meeting on July 25t". Since this time the developer brought to the table a large tract home builder with interest in completing the Page 2 of 3