AG 2002 05 20 (Regular) - Laserfiche WebLink

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CONSENT AGREEMENT FOR THE FARMINGTON RIDGE DEVELOPMENT~ FOR CABARRUS COUNTY This Consent Agreement is entered into as of this day of ., by and among Hinshaw-Peason Co. and its successors and assigns, the owners ("Developer") of the Project and Cabarrus County, a political subdivision of the State of North Carolina, by and through its Cabarrus County Board of Commissioners. RECITALS: A. Developer holds a contract for the purchase of approximately 36.26 acres of real property located in Cabarrus County, and has prOposed the development of a subdivision with :[36 lots (57 single family and 79 townhomes) in the Farmington Ridge subdivision project (the "Project'% to be constructed in multiple phases. B. The Project is subject to the Adequate Facilities Provisions of the Cabarrus County Subdivision Regulations, Section 66-8:[, and has been reviewed by all public agencies which may potentially serve the project and its future residents. C.. Developer is willing to advance public services and facilities for the Project and to agree to certain other considerations to address Cabarrus County and advance these services and facilities. D. Cabarrus County, acting pursuant to its authority under G.S. :L53A-330 to 335, and the Subdivision Regulations, has made certain determinations with respect to the proposed Project, and, in the exercise of its legislative discretiOn, has elected to process the Project, resulting in the negotiation; consideration and approval of this Consent Agreement after all necessary hearings. CABARRUS COUNTY AND THE DEVELOPER HEREBY AGREE AS FOLLOWS: 1. The Project 1.1 Description of Project. The Farmington Ridge Project covered by this Consent Agreement presently consists of a single family lot subdivision located on approximately 36.26 acres. Any changes must be in accordance with the Cabarrus County Subdivision Regulations and Zoninq Ordinance, and may not to exceed 3.75 units per gross acre of the Property. [Attachment].