This area is still under development and should be at least three (3) additional phases. Development agreement. An agreement between the city and a landowner that contains comprehensive provisions for the development of at least 1,000 hectares in the extraterritorial jurisdiction of the city. The Lakeway Highlands Development comprises approximately 2,086 hectares of land, locally known as Lakeway Rough Hollow and Lakeway Highlands. As the Land is an important construction area, the City of Lakeway and landowners reached an agreement in 1997 to establish development and development rules and rules to ensure consistent quality development, while providing landowners with predictable regulatory requirements throughout the duration of the agreement. The Oaks at Lakeway PUD covers approximately 89.7 hectares of land at the intersection of RR 620 and Glen Heather Drive. The PUD sets land use and development standards for low-density housing, large grocery stores (HEB), hotels (La Quinta) and restaurant and retail use. Unit development project. Offers mixed uses, allows for a more flexible response to the market, promotes innovative subdivision or land use plan development, and promotes superior development compatible with the use of neighbouring land. This flexibility often takes the form of relief due to compliance with conventional zoning, site development and design requirements. While lighter development requirements may be granted, the PUD should in return have desirable features that are not normally necessary in traditional areas. With the exception of situations under Section 160A-385.1 (e) of the North Carolina General Statutes, the City may not subsequently apply any development regulations or policies to a development governed by a development agreement.

Significant changes to a development agreement are reviewed in the same way as the original application. Minor changes to a development agreement may be subject to administrative treatment in accordance with UDO Section 30-2.C.20.G.3.