Regional Water System
title
Preliminary Development Agreement with Bois d'Arc Lake Shores LLC
end
SUBJECT
recommendation
Authorize execution of a Preliminary Development Agreement with Bois d'Arc Lake Shores LLC, a subsidiary of Texas Land and Lakes, to construct and use shoreline improvements on NTMWD property adjacent to Bois d'Arc Lake for residential purposes and authorize the subsequent execution of a Lease and Use Agreement with the future property owners association who will own the improvements as required by the Preliminary Development Agreement.
end
PURPOSE
Bois d'Arc Lake Shores LLC, a subsidiary of Texas Land and Lakes, is a residential property developer that wishes to construct certain improvements and to use NTMWD property adjacent to Bois d'Arc Lake for its residential development called Bois d'Arc Lake Shores. Upon completion of the improvements, ownership will transfer to a future property owners association who will be responsible for all future maintenance activities. The NTMWD Bois d'Arc Lake Shoreline Management Plan allows for such improvements and provides that shoreline uses associated with planned residential developments may be authorized by separate agreements.
RECOMMENDATION
The Executive Director and NTMWD staff recommend the Board of Directors authorize the Executive Director to execute a Preliminary Development Agreement with Bois d'Arc Lake Shores LLC and the Lease and Use Agreement required by the Preliminary Development Agreement with the future property owners association , as follows:
Contracting Parties:
Bois d'Arc Lake Shores LLC
Future property owners association
Scope:
Preliminary Development Agreement
Contract Term:
5-years
Strategic Objective:
3.2 Engaged Members, Customers and Stakeholders
Committee:
This will be an item on the July 24, 2024, Real Estate Committee meeting agenda
DRIVER(S) FOR THIS PROJECT
? Regulatory Compliance
? Asset Condition
? Capacity
? Redundancy/Resiliency...
Click here for full text