HomeMy WebLinkAboutResolution No. 2016-031CITY OF THE COLONY, TEXAS
RESOLUTION NO. 2016- 0 31
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS,
APPROVING THE TERMINATION OF THE BOATHOUSE
DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF
THE COLONY AND EPC-ARSW, LLC, A TEXAS LIMITED LIABILITY
COMPANY; AUTHORIZING THE CITY MANAGER TO EXECUTE
SAID AGREEMENT; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City and Developer has met all provisions in the original Development
Agreement for Boathouse and now desire to terminate the developer agreements; and
WHEREAS, all infrastructure improvements have been made and accepted; and
WHEREAS, all Certificates of Occupancies for all buildings have been issued by the
City of The Colony; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS:
Section 1. The City and Developer represent that all the Affirmative Obligations
Development Agreement are complete.
Section 2. The City and Developer hereby terminate any and all of the restrictions
and pursuant to Section 7(h) of the Agreement the Development Agreement shall hereafter be of
no further force or effect.
Section 3. That this Resolution shall take effect immediately from and after its
adoption and it is so resolved.
PASSED, APPROVED AND EFFECTIVE this day 3rd day of May, 2016.
AYY VII -11: L' IJ:
J McCou , Mayor
ATTEST:
Tina wart, Interim City Secretary (SEAL
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PROVED AS TO FORM:Jeff o City AttorneyX A�