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ARTICLE III <br /> TCAAP MASTER PLAN <br /> Section 3.1. Development of the AUAR and the TCAAP Master Plan; General <br /> Requirements. The TCAAP Master Plan will provide for development phasing, taking into <br /> account market considerations as well as the financing and investment needs and capacity of <br /> County as the purchaser of the TCAAP Site, County's obligations to complete the County <br /> Remediation and County Site Clearance, and the financial commitment of both Parties for the <br /> Public Improvements. City will prepare the AUAR in conjunction with the preparation of the <br /> TCAAP Master Plan, as provided in this Article III, including the hiring of any planning and <br /> engineering or other consultants it deems reasonably necessary to prepare the AUAR and the <br /> TCAAP Master Plan. The City will exert its best efforts to complete the AUAR within eighteen <br /> (18) months of the effective date of this Joint Agreement, and to complete the TCAAP Master <br /> Plan within six (6) months of the adoption of the AUAR, but not later than twenty-four (24) <br /> months of the effective date of this Joint Agreement for completion of the AUAR and the Master <br /> Plan. <br /> 3.1.1. City Development Standards. The Parties will work cooperatively to <br /> assure that the City's development standards and goals expressed in its comprehensive plan and <br /> zoning code, as each may be amended, are incorporated into the TCAAP Master Plan to enable <br /> the JDA to proceed with timely development of the TCAAP Site through the Development Site <br /> process described specifically in Sections 3.2.2 through 3.2.6 below and generally in this Article <br /> III and otherwise in, or pursuant to this Joint Agreement. The Parties recognize that upon <br /> purchase of the TCAAP Site and prior to completion of all the County Remediation and the <br /> adoption of the TCAAP Master Plan, County may desire to pursue development of a <br /> Development Site and that it is in the interest of the Parties for redevelopment of TCAAP to <br /> occur timely and responsively to market demand, which may result in development of a <br /> Development Site(s) before completion of the TCAAP Master Plan to the extent there are roads <br /> and public utilities available to serve the selected Development Site. In such event the Parties <br /> and JDA will proceed in accordance with this Joint Agreement to the extent feasible, recognizing <br /> that the City comprehensive plan and zoning ordinance shall guide and control such proposed <br /> development pending completion of the TCAAP Master Plan. <br /> 3.1.2. Approval of TCAAP Master Plan. Upon presentation of the TCAAP <br /> Master Plan as prepared pursuant to this Article 111, the Parties shall review, comment, suggest <br /> revisions and reasonably exercise their discretion to approve the TCAAP Master Plan in a timely <br /> manner. The TCAAP Master Plan shall be approved by means of a resolution of each Party's <br /> governing body prior to its implementation by the JDA. <br /> Section 3.2. Elements of TCAAP Master Plan. The City shall direct its staff and <br /> consultants to prepare the TCAAP Master Plan. The TCAAP Master Plan shall specify the <br /> planning requirements for the TCAAP Site consistent with the City's current approved <br /> comprehensive plan and official controls in the zoning code, and as such may be amended in <br /> conjunction with the TCAAP Master Plan as it is initially developed. <br /> 11 <br />