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<br />DEVELOPER'S AGREEMENT <br /> <br />This DEVELOPER'S AGREEMENT ("Agreement") is entered into between Reddy <br />Partnership/La Porte, their Successors and Assigns (Developer) and" C;11;( OF LA <br />POB,:rE\ TEXAS, a Texas Municipal Corporation ("City") on the ~ day <br />of J Ll '( , 20~ <br /> <br />Recitals <br /> <br />The Developer has proposed development of an approximate 138.41-acre tract in the <br />City of La Porte, as the Lakes at Fairmont Greens, which is referred to as the Tract and <br />defined hereinafter in Article I. Developer plans to develop the Tract, presently zoned <br />PUD, for single family residential use. City approval of this Developer's Agreement <br />shall constitute land use entitlement, subject to the additional requirements outlined <br />herein. Developer shall construct municipal utilities, including streets, a water <br />distribution system, wastewater collection system, and the storm drainage/detention <br />system that will connect with the existing City of La Porte and other regional systems in <br />accordance with development regulations and policies of the applicable regulatory <br />agencies. In addition to municipal utilities, the Developer will construct the following <br />public amenities that will be owned by the City and maintained by the Public <br />Improvement District (PI D): 1) 8' wide concrete hike and bike trails along the <br />detention/amenity ponds that will extend from Little Cedar Bayou Park to McCabe Road <br />2) 8' high masonry sound wall along S.H. 146 3) 6' high ornamental iron fence adjacent <br />to the golf course as well as along rear lot lines which share a common boundary with <br />detention/amenity ponds 4) 6' upgrade wood fence with rot board and cap along <br />Wharton Weems Blvd. and McCabe Road 5) school bus stops (approximately 4) 6) <br />landscaping 7) entry monumentation 8) reserves/open space (including Taylor Bayou <br />and detention/amenity ponds) 9) 8' wide pedestrian bridge over Taylor Bayou and 10) a <br />1-2 acre park north of Wharton Weems Blvd. with play equipment, tables, benches, <br />BBQ pits, trash cans, etc. (As defined in Exhibits F and G attached hereto.) <br /> <br />The City has required, and Developer has agreed, that the tract will be developed in <br />general accordance with the Overall Lakes at Fairmont Greens development (in <br />accordance with the General Plan) approved by the City (as defined below and attached <br />hereto as Exhibit C). Such General Plan shall be subject to periodic amendment as <br />each phase of the development is implemented. <br /> <br />AGREEMENT <br /> <br />NOW THEREFORE, in consideration of the mutual promises, obligations, and benefits <br />contained herein, the City and Developer agree as follows: <br /> <br />Developer's Agreement (Rev.)doc.doc <br /> <br />Page 1 of 9 <br />