1. Sanctuary agreements
Executed November 25, 2015

2. Land Owners Billie Hanks, Jr. Hanks-Cabiness Trust
BHHC Christian Development, LLC
BHHC Christian Development I, LLC
BHHC Christian Development II, LLC
BHHC Christian Development III, LLC
Heidi Hanks Waters
Heather Hanks McGready
Old World BBD, Inc.
Sanctuary Salado Investment II, LLC

3. Project overview
Approximately 297 acres (276 in ETJ and 21 in Village limits)
Master planned, mixed-use community offering a variety of housing products, commercial development, and recreational and entertainment amenities
Details found in Master Development Agreement exhibits

4. Project benefits Wastewater Treatment Permit
Land for Wastewater Treatment Plant
Annexation
Influence on Land Use & Development Standards
Application of standard Building Codes
Additional Property for Property Taxes
Additional Property for Sales Taxes
Expansion of Retail Base for Tourism
Trails (open to public use with regulations)

5. *Contracts Donation Agreement Wastewater Services Agreement
with Special Warranty Deed
Wastewater Services Agreement
Master Development Agreement
Chapter 380 Economic Marketing Agreement
Tourism Marketing Agreement
* Documents are being held in Escrow until Annexation is complete and the Planned Development District Ordinance has been adopted.

6. Donation Agreement
Land donation agreement between Owners, Village, & Salado Utility Company
Includes 6 acres for wastewater treatment plant site

7. Wastewater Services Agreement
Agreement between Village and Sanctuary Development Company, LLC for the Village to provide retail wastewater services to future customers in Sanctuary
Agreement contingent upon 1) donation of 6 acres of land for WWTP; 2) transfer of existing Water Quality Permit to Village; 3) development of the property; 4) Chapter 380 Agreement
Developer (and its successors and assigns) shall have the right to receive upon request and for a term extending from the Effective Date until fifteen (15) years from the date of recordation of the last Subdivision Plat for the Property, treated wastewater effluent for beneficial reuse within the Property in an amount equal to the quantity of wastewater generated within the Property but not to exceed 200,000 gpd of treated wastewater effluent. No charge for wastewater effluent for reuse.

8. Master Development Agreement
Describes the regulations and land uses for Sanctuary
Includes concept diagrams and development standards
Phased development

9. Commercial

10. Land Use Sanctuary Land Uses (as per Master Development Agreement)
Commercial-Entertainment
Commercial-Hotel
Commercial-Office
Commercial-Recreational Facilities and Community Hall
Commercial-Retail
Parks, Pavilions, Shelters
Residential-Multi-Family
Residential-Single Family

11. CHAPTER 380 Agreement
Village provides economic development property tax grant to Project Owners to stimulate business and commercial activity in the Village
Base taxes (2015 rate) = 100% to Village
Taxes increases above 2015 base rate:
Commercial = 50%/50% for 15 years from each Certificate of Occupancy
Residential = 50%/50% for 15 years from each tract date of Plat
Property tax grant only applies to Operation and Maintenance, not for Debt Service Tax Rate
Rollback grants-periodic economic development grants in amount equal to 100% of Rollback Taxes to offset a portion of the Owner’s cost of development of the land

12. Tourism Marketing Agreement
Agreement between Village and Owners to increase travel- related taxable sales in the Salado marketing area
Hotel tax reimbursement program that gives back 50% of hotel occupancy tax collected in the designated marketing area for 15 years from each Certificate of Occupancy. 3 properties are planned.
Funding may be used for:
advertising, promotional programs promoting visitor attractions, the arts, entertainment opportunities, historical sites, recreational facilities, and points of interest to attract tourists and convention delegates to the area
Annual Budget and Program must be approved by the Village BOA

13. Next Steps Annexation Zoning Wastewater permit transfer
Petitions were accepted on 12/10/2015
2 Public hearings will be held in January
Adoption of annexation ordinance 2/11/2015
Zoning
Planned Development District (PDD) adopted once annexation complete
Adoption of PDD is concurrent with annexation timeline
Wastewater permit transfer
Formation of Public Improvement District (PID)

14. Presented December 14, 2015 Town Hall Meeting by the Village of Salado
Sanctuary agreements
Presented December 14, 2015
Town Hall Meeting
by the Village of Salado