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7 <br /> <br />Plans, the required public and private improvements as part of the first and subsequent phase, <br />the standards for the timing and financing of the improvements, required HOA documents and <br />the terms of payment. <br /> <br />Development Agreement and Planned Unit Development Agreement <br /> <br />The City will also require our standard Development Agreement specific to each phase of <br />development. This agreement further details required improvements and securities. The City <br />Engineer has drafted this Agreement for Council approval. <br /> <br />Homeowner’s Association <br /> <br />Lennar submitted draft Watermark Villas Declaration of Covenants and an example <br />Annexation Amendment to the Neighborhood Declaration of Covenants. The City Attorney <br />has reviewed and approved the documents. The documents shall be recorded. <br /> <br />Title Commitment <br /> <br />The City Attorney has reviewed the title commitment and final plat and recommends the title <br />work be updated to the date of the plat recording because the date of the title work is July 25, <br />2019. <br /> <br />Stormwater Maintenance Agreement <br /> <br />Under the City and RCWD Programmatic Stormwater Management Facility Maintenance <br />Agreement, the City will be responsible for maintenance of theses public facilities. <br /> <br />Findings of Fact <br /> <br />The Findings of Fact for Watermark 2nd Addition PUD Final Plat/Final Plat are detailed in <br />Resolution No. 19-137 <br /> <br />RECOMMENDATION <br /> <br />The Planning & Zoning Board reviewed the 2nd Addition PUD Final Plan/Final Plat on October <br />9, 2019 and recommended approval with a 6-0 vote. <br /> <br />ATTACHMENTS <br /> <br />1. Resolution No. 19-137 <br />2. Final Plat <br />3. Resolution No. 19-138 <br />4. Development Agreement <br />