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HomeMy WebLinkAbout2021 0119Agenda Item No:1.5 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Mayra Sullivan Submitting Department: City Secretary Item Type: Miscellaneous Agenda Section: Subject: Items of Community Interest Suggested Action: Attachments: 4 Agenda Item No:3.1 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Mayra Sullivan Submitting Department: City Secretary Item Type: Expenditures Agenda Section: Subject: Discuss Public Information Requests Quarterly Report as presented for Council review. (Council) Suggested Action: Attachments: PIR Quarterly Reports.pdf 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Agenda Item No:3.2 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Mayra Sullivan Submitting Department: City Secretary Item Type: Miscellaneous Agenda Section: Subject: Council to provide direction to staff regarding future agenda items. (Council) Suggested Action: Attachments: 21 Agenda Item No:4.1 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: City Secretary Item Type: Minutes Agenda Section: Subject: Consider approving City Council Regular Session meeting minutes for January 5, 2021. (Stewart) Suggested Action: Attachments: January 5, 2021 DRAFT Minutes.docx 22 1 These items are strictly public service announcements. Expressions of thanks, congratulations or condolences; information regarding holiday schedules; honorary recognition of city officials, employees or other citizens; reminders about upcoming events sponsored by the City or other entity that are scheduled to be attended by a city official or city employee. No action will be taken and no direction will be given regarding these items. MINUTES OF THE CITY COUNCIL REGULAR SESSION HELD ON JANUARY 5, 2021 The Regular Session of the City Council of the City of The Colony, Texas, was called to order at 6:30 p.m. on the 5 th day of January 2021, at City Hall, 6800 Main Street, The Colony, Texas, with the following roll call: Joe McCourry, Mayor Kirk Mikulec, Councilmember Richard Boyer, Deputy Mayor Pro Tem Brian Wade, Councilmember David Terre, Mayor Pro Tem Perry Schrag, Councilmember Joel Marks, Councilmember Present Present Present Present Present Present Present And with 7 council members present a quorum was established and the following items were addressed in this meeting remotely via videoconference. 1.0 ROUTINE ANNOUNCEMENTS, RECOGNITIONS and PROCLAMATIONS 1.1 Call to Order Mayor McCourry called the meeting to order at 6:30 p.m. 1.2 Invocation Lance Otey with First Baptist Church delivered the invocation. 1.3 Pledge of Allegiance to the United States Flag The Pledge of Allegiance to the United States Flag was recited. 1.4 Salute to the Texas Flag Salute to the Texas Flag was recited. 1.5 Items of Community Interest 2.0 CITIZEN INPUT None 3.0 WORK SESSION 3.1 Receive a presentation from Matthews Southwest on the LPGA tournament. (Powell) Kristian Teleki, Senior Vice President of Development Matthews Southwest and Mike McCabe, General Manager of the Golf Clubs at The Tribute, presented awards to City Council and staff for their participation during the event. Mr. Teleki announced the next LPGA event is scheduled for June 28, 2021 through July 4, 2021. 23 City Council – Regular Meeting Agenda January 5, 2021 Page| 2 3.2 Council to provide direction to staff regarding future agenda items. (Council) None 4.0 CONSENT AGENDA Motion to approve all items from the Consent Agenda- Wade; second by Boyer, motion carried with all ayes. 4.1 Consider approving City Council Special Session meeting minutes for December 14, 2020 and Regular Session meeting minutes for December 15, 2020. 4.2 Consider approving the reappointment of all city Boards and Commission members whose terms were extended until December 31, 2020; and setting the new term dates for those members from January 1, 2021 through June 30, 2022. 4.3 Consider approving a resolution authorizing the City Manager to accept a bid from HUBER Technology, Inc. in the amount of $50,246.70 for the complete full service (parts and labor) rehabilitation of the Huber FineScreens (2 each) and associated Huber equipment at the Stewart Creek Waste Water Treatment Plant. RESOLUTION NO. 2021-001 4.4 Consider approving a resolution authorizing the City Manager to execute a Construction Services Contract in the amount of $104,938.00 with Saber Development Corporation to install a 12-inch bypass water line from the Wynnwood Pump Station to an existing 12-inch water line beneath Lebanon RESOLUTION NO. 2021-002 4.5 Consider approving ordinances amending the Code of Ordinances by repealing the current editions of International Codes and adopting the 2018 Editions of the following International Codes - the International Residential Code, International Building Code, International Mechanical Code, International Plumbing Code, International Energy Conservation Code, International Fuel Gas Code, International Swimming Pool and Spa Code, International Existing Building Code, all with local amendments; repealing the 2011 Edition of the National Electric Code and replacing it with the 2017 Edition of the National Electric Code with local amendments, with appendices and amendments related thereto and repealing various obsolete or redundant sections of the Code and or renumbering various sections of the Code including 6-5.1, 6-5.2, 6-5.3, 6-6 through 6-12 and 6-109 through 6-112 of the Code of Ordinances. 24 City Council – Regular Meeting Agenda January 5, 2021 Page| 3 ORDINANCE NO. 2021-2418 ORDINANCE NO. 2021-2419 ORDINANCE NO. 2021- 2420 ORDINANCE NO. 2021- 2421 ORDINANCE NO. 2021-2422 ORDINANCE NO. 2021- 2423 ORDINANCE NO. 2021-2424 ORDINANCE NO. 2021- 2425 ORDINANCE NO. 2021- 2426 ORDINANCE NO. 2021-2427 5.0 REGULAR AGENDA ITEMS 5.1 Conduct a public hearing, discuss and consider an ordinance regarding the approval of a Specific Use Permit (SUP) Amendment to SUP Ordinance No. 2019-2354 to allow for the existing tattoo parlor operations of "The Gallery TCTX" to be relocated from 4819 State Highway 121 Office "I" and "J" to 4819 State Highway Office 121 "G" and "H" containing approximately 812 square feet. The subject site is located within the Planned Development - 11 (PD-11) Zoning District and Gateway Overlay District. Senior Planner, Isaac Williams, presented the proposed ordinance to Council. Mr. Williams stated the applicant’s request allows for an increase of three (3) tattoo stations, a reception area, an administration area, a seasonal art display to offer art classes. He established from the applicant that there would be no other changes to the establishment. The Development Review Committee finds the SUP meets all applicable requirements of the Zoning Ordinance and recommends approval. On December 8, 2020, the Planning and Zoning Commission voted 7-0 to recommend approval of the SUP. The public hearing opened and closed at 6:49 p.m. with no speakers. ORDINANCE NO. 2021-2428 25 City Council – Regular Meeting Agenda January 5, 2021 Page| 4 ***ITEM AGENDAS 5.2 AND 5.3 WERE REMOVED FROM THE AGENDA*** 5.2 Discuss and consider approving a resolution authorizing the City Manager to execute a 0.2903 acre Right-of-Way dedication with the City of The Colony, Texas for the Grandscape Phase 2 Public Improvements Project. 5.3 Discuss and consider approving a resolution authorizing the City Manager to execute a 0.1851 acre Utility Easement with the City of The Colony, Texas for the Grandscape Phase 2 Public Improvements Project. 5.4 Discuss and consider a resolution approving bylaws of The Colony Hotel Development Corporation. City Attorney, Jeff Moore, provided an update on the proposed resolution. He stated the bylaws are identical to the Local Development Corporation Bylaws with slight revisions. Motion to approve subject to The Colony Hotel Development Corporation approving the bylaws- Mikulec; second by Marks, motion carried with all ayes. RESOLUTION NO. 2021-003 6.0 EXECUTIVE SESSION ACTION ADJOURNMENT With there being no further business to discuss the meeting adjourned at 6:58 p.m. APPROVED: ________________________________ Joe McCourry, Mayor City of The Colony ATTEST: _______________________________ Tina Stewart, TRMC, CMC City Secretary 26 Agenda Item No:4.2 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Mayra Sullivan Submitting Department: City Secretary Item Type: Resolution Agenda Section: Subject: Consider approving a resolution authorizing the City Manager to accept a bid from Fort Bend Services, Inc. for the annual contract for sludge dewatering chemicals at Stewart Creek Wastewater Treatment Plant. (Stovall) Suggested Action: Attachments: bid #Bid 62-20-21 POLYMER - ANNUAL CONTRACT FOR SLUDGE DEWATERING CHEMICALS Supplier Tab Report.pdf Polymer Data Summary.xlsx Res. 2021-xxx Fort Bend Services Bid.docx 27 28 29 Vendor A Brite Company Polymer Enviro-brite WTF 256 Feed Cake F #s Poly Can # Poly Bid Price Total cost %%%Per Can Tons Per 1 Ton Per # poly per # poly per Ton Sludge Avg Avg Avg Avg Avg Avg 1.28 16.73 0.08 52.93 16.47 3.17 1.51 4.79 Vendor PolyDyne Inc. Polymer Clarifloc CE-2253 Feed Cake F #s Poly Can # Poly Bid Price Total cost %%%Per Can Tons Per 1 Ton Per # poly per # poly per Ton Sludge Avg Avg Avg Avg Avg Avg 1.26 16.94 0.10 50.54 15.95 3.19 1.35 4.31 Vendor Fort Bend Services Polymer FBS 7802 Feed Cake F #s Poly Can # Poly Bid Price Total cost %%%Per Can Tons Per 1 Ton Per # poly per # poly per Ton Sludge Avg Avg Avg Avg Avg Avg 1.27 17.00 0.05 38.20 16.15 2.08 1.20 2.50 30 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2021 - ____ A RESOLUTION OF THE CITY OF THE COLONY, TEXAS AUTHORIZING THE CITY MANAGER TO ACCEPT THE FORT BEND SERVICES, INC., FOR THE ANNUAL CONTRACT FOR SLUDGE DEWATERING CHEMICALS AT STEWART CREEK WASTEWATER TREATMENT PLANT; PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: Section 1. That the City Council of the City of The Colony, Texas hereby authorizes the City Manager to accept a bid from Fort Bend Services, Inc., for the annual contract for sludge dewatering chemicals at Stewart Creek Wastewater Treatment Plant. Section 2. That the City Manager or his designee is authorized to accept the bid. Section 3. That this resolution shall take effect immediately from and after its passage. PASSED AND APPROVED by the City Council of the City of The Colony, Texas this 19th day of January, 2021. ______________________ Joe McCourry, Mayor City of The Colony, Texas ATTEST: ___________________________________ Tina Stewart, TRMC, CMC, City Secretary APPROVED AS TO FORM: ___________________________________ Jeff Moore, City Attorney 31 Agenda Item No:4.3 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: Fire Item Type: Ordinance Agenda Section: Subject: Consider approving an ordinance amending Chapter 9, Article III, of the Code of Ordinances of the City of The Colony, Texas, by repealing in its entirety Section 9-40, entitled "Fire Code”, and replacing it with a new Section 9-40, entitled “International Fire Code Adopted", by adopting the 2018 Edition of the International Fire Code, and Local Amendments to the International Fire Code. (Thompson) Suggested Action: Attachments: Ord. 2021-xxxx International Fire Code and Local Amendments - 2018 Edition.docx 32 Page 1 of 24 CITY OF THE COLONY, TEXAS ORDINANCE NO.2021 - 2018 INTERNATIONAL FIRE CODE WITH LOCAL AMENDMENTS AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, AMENDING CHAPTER 9, ARTICLE III, OF THE CODE OF ORDINANCES OF THE CITY OF THE COLONY, TEXAS, BY REPEALING IN ITS ENTIRETY SECTION 9-40, ENTITLED “FIRE CODE”, AND REPLACING IT WITH A NEW SECTION 9-40, ENTITLED “INTERNATIONAL FIRE CODE ADOPTED,” BY ADOPTING THE 2018 EDITION OF THE INTERNATIONAL FIRE CODE, AND LOCAL AMENDMENTS TO THE INTERNATIONAL FIRE CODE; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALER CLAUSE; PROVIDING A PENALTY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,the City Council of the City of The Colony, Texas, is of the opinion that the 2018 Edition of the International Fire Code, along with local amendments hereto, should be adopted as the Fire Code for the City of The Colony, Texas. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That the findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2.That the Code of Ordinances of the City of The Colony, Texas, be, and the same is, hereby amended by amending Chapter 9, Article III, by repealing in its entirety Section 9-40, and replacing it with a new Section 9-40, entitled “International Fire Code Adopted,” which shall read as follows: “Sec. 9-40. International Fire Code Adopted. (a)Adoption. The International Fire Code, 2018 edition, is hereby adopted and designated as the Fire Code for the City of The Colony, Texas. A copy of the 2018 Edition of the International Fire Code is on file in the office of the city secretary. (b)Local Amendments. The following provisions are local amendments to the 2018 International Fire Code. Each provision in this subsection is a substitute for the identically numbered provision contained in the 2018 International Fire Code or is an additional provision added to the 2018 International Fire Code. **Section 102.1; change #3 to read as follows: 33 Page 2 of 24 3. Existing structures, facilities, and conditions when required in Chapter 11 or in specific sections of this code. **Section 105.3.3; change to read as follows: 105.3.3 Occupancy Prohibited before Approval.The building or structure shall not be occupied prior to the fire code official issuing a permit when required and conducting associated inspections indicating the applicable provisions of this code have been met. **Section 105.7; add Section 105.7.26 to read as follows: 105.7.26 Electronic access control systems. Construction permits are required for the installation or modification of an electronic access control system, as specified in Chapter 10. A separate construction permit is required for the installation or modification of a fire alarm system that may be connected to the access control system. Maintenance performed in accordance with this code is not considered a modification and does not require a permit. **Section 202; amend and add definitions to read as follows: ** [B] AMBULATORY CARE FACILITY. Buildings or portions thereof used to provide medical, surgical, psychiatric, nursing, or similar care on a less than 24-hour basis to persons who are rendered incapable of self-preservation by the services provided or staff has accepted responsibility for care recipients already incapable. This group may include but not be limited to the following: - Dialysis centers - Procedures involving sedation -Sedation dentistry - Surgery centers - Colonic centers - Psychiatric centers ** [B] ATRIUM. An opening connecting three or more stories…{remaining text unchanged} ** [B] DEFEND IN PLACE. A method of emergency response that engages building components and trained staff to provide occupant safety during an emergency. Emergency response involves remaining in place, relocating within the building, or both, without evacuating the building. **FIRE WATCH. A temporary measure intended to ensure continuous and systematic surveillance of a building or portion thereof by one or more qualified individuals or standby personnel when required by the fire code official, for the purposes of identifying and controlling fire hazards, detecting early signs of unwanted fire, raising an alarm of fire and notifying the fire department. **FIREWORKS.Any composition or device for the purpose of producing a visible or an audible effect for entertainment purposes by combustion, deflagration, or detonation, and/or activated by ignition with a match or other heat producing device that meets the definition of 1.3G fireworks or 1.4G fireworks. … {Remainder of text unchanged}… 34 Page 3 of 24 **HIGH-PILED COMBUSTIBLE STORAGE: add a second paragraph to read as follows: Any building classified as a group S Occupancy or Speculative Building exceeding 6,000 sq. ft. that has a clear height in excess of 14 feet, making it possible to be used for storage in excess of 12 feet, shall be considered to be high-piled storage. When a specific product cannot be identified, a fire protection system and life safety features shall be installed as for Class IV commodities, to the maximum pile height. **HIGH-RISE BUILDING. A building with an occupied floor located more than 55 feet (16 764 mm) above the lowest level of fire department vehicle access. **REPAIR GARAGE. A building, structure or portion thereof used for servicing or repairing motor vehicles. This occupancy shall also include garages involved in minor repair, modification and servicing of motor vehicles for items such as lube changes, inspections, windshield repair or replacement, shocks, minor part replacement, and other such minor repairs. **SELF-SERVICE STORAGE FACILITY. Real property designed and used for the purpose of renting or leasing individual storage spaces to customers for the purpose of storing and removing personal property on a self-service basis. **STANDBY PERSONNEL.Qualified fire service personnel, approved by the Fire Chief. When utilized, the number required shall be as directed by the Fire Chief. Charges for utilization shall be as normally calculated by the jurisdiction. **UPGRADED OR REPLACED FIRE ALARM SYSTEM. A fire alarm system that is upgraded or replaced includes, but is not limited to the following: Replacing one single board or fire alarm control unit component with a newer model Installing a new fire alarm control unit in addition to or in place of an existing one Conversion from a horn system to an emergency voice/alarm communication system Conversion from a conventional system to one that utilizes addressable or analog devices The following are not considered an upgrade or replacement: Firmware updates Software updates Replacing boards of the same model with chips utilizing the same or newer firmware **Section 307.1.1; change to read as follows: 307.1.1 Prohibited Open Burning. Open burning that is offensive or objectionable because of smoke emissions or when atmospheric conditions or local circumstances make such fires hazardous shall be prohibited. Exception: {No change.} **Section 307.2; change to read as follows: 307.2 Permit Required. A permit shall be obtained from the fire code official in accordance with Section 105.6 prior to kindling a fire for recognized silvicultural or range or wildlife management practices, prevention or control of disease or pests, or open burning. Application for such approval shall only be presented by and permits issued to the owner of the land upon which the fire is to be kindled. 35 Page 4 of 24 Examples of state or local law, or regulations referenced elsewhere in this section may include but not be limited to the following: 1. Texas Commission on Environmental Quality (TCEQ) guidelines and/or restrictions. 2. State, County, or Local temporary or permanent bans on open burning. 3. Local written policies as established by the fire code official. **Section 307.3; change to read as follows: 307.3 Extinguishment Authority.The fire code official is authorized to order the extinguishment by the permit holder, another person responsible or the fire department of open burning that creates or adds to a hazardous or objectionable situation. **Section 307.4; change to read as follows: 307.4 Location. The location for open burning shall not be less than 300 feet (91 440 mm) from any structure, and provisions shall be made to prevent the fire from spreading to within 300 feet (91 440 mm) of any structure. Exceptions: {No change.} **Section 307.4.3, Exceptions; add exception #2 to read as follows: Exceptions: 2. Where buildings, balconies and decks are protected by an approved automatic sprinkler system. Section 307.4.4 and 5; add section 307.4.4 **Section 307.4.4 and 307.4.5; change to read as follows: 307.4.4 Permanent Outdoor Firepit. Permanently installed outdoor firepits for recreational fire purposes shall not be installed within 10 feet of a structure or combustible material. Exception: Permanently installed outdoor fireplaces constructed in accordance with the International Building Code. 307.4.5 Trench Burns. Trench burns shall be conducted in air curtain trenches and in accordance with Section 307.2. **Section 307.5; change to read as follows: 307.5 Attendance. Open burning, trench burns, bonfires, recreational fires, and use of portable outdoor fireplaces shall be constantly attended until the… {Remainder of section unchanged} **Section 308.1.4; change to read as follows: 308.1.4 Open-flame Cooking Devices. Open-flame cooking devices, charcoal grills and other similar devices used for cooking shall not be located or used on combustible balconies, decks, high-rise structures or within 10 feet (3048 mm) of combustible construction. Exceptions: 1. One- and two-family dwellings, except that LP-gas containers are limited to a water capacity not greater than 50 pounds (22.68 kg) [nominal 20 pound (9.08 kg) LP-gas capacity] with an aggregate LP-gas capacity not to exceed 100 pounds (5 containers). 2. Where buildings, balconies and decks are protected by an approved automatic sprinkler system, except that LP-gas containers are limited to a water capacity not greater than 50 pounds (22.68 kg) [nominal 20 36 Page 5 of 24 pound (9.08 kg) LP-gas capacity], with an aggregate LP-gas capacity not to exceed 40 lbs. (2 containers) or any high-rise structure. 3. {No change.} **Section 308.1.6.2, Exception #3; change to read as follows: Exceptions: 3. Torches or flame-producing devices in accordance with Section 308.1.3. **Section 308.1.6.3; change to read as follows: 308.1.6.3 Sky Lanterns. A person shall not release or cause to be released an unmanned free-floating device containing an open flame or other heat source, such as but not limited to a sky lantern. **Section 311.5; change to read as follows: 311.5 Placards.The fire code official is authorized to require marking of any vacant or abandoned buildings or structures determined to be unsafe pursuant to Section 110 of this code relating to structural or interior hazards, as required by Section 311.5.1 through 311.5.5. **Section 403.5; change Section 403.5 to read as follows: 403.5 Group E Occupancies. An approved fire safety and evacuation plan in accordance with Section 404 shall be prepared and maintained for Group E occupancies and for buildings containing both a Group E occupancy and an atrium. A diagram depicting two evacuation routes shall be posted in a conspicuous location in each classroom. Group E occupancies shall also comply with Sections 403.5.1 through 403.5.3. **Section 404.2.2; add Number 4.10 to read as follows: 4.10 Fire extinguishing system controls. **Section 405.4; change Section 405.4 to read as follows: 405.4 Time. The fire code official may require an evacuation drill at any time. Drills shall be held at unexpected times and under varying conditions to simulate the unusual conditions that occur in case of fire. **Section 501.4; change to read as follows: 501.4 Timing of Installation. When fire apparatus access roads or a water supply for fire protection is required to be installed for any structure or development, they shall be installed, tested, and approved prior to the time of which construction has progressed beyond completion of the foundation of any structure. **Section 503.1.1; add sentence to read as follows: Except for one- or two-family dwellings, the path of measurement shall be along a minimum of a ten feet (10’) wide unobstructed pathway around the external walls of the structure. **Section 503.2.1; change to read as follows: 37 Page 6 of 24 503.2.1 Dimensions. Fire apparatus access roads shall have an unobstructed width of not less than 24 feet (7315 mm), exclusive of shoulders, except for approved security gates in accordance with Section 503.6, and an unobstructed vertical clearance of not less than 14 feet (4267 mm). Exception: Vertical clearance may be reduced; provided such reduction does not impair access by fire apparatus and approved signs are installed and maintained indicating the established vertical clearance when approved. **Section 503.2.2; change to read as follows: 503.2.2 Authority. The fire code official shall have the authority to require an increase in the minimum access widths and vertical clearances where they are inadequate for fire or rescue operations. **Section 503.2.3; change Section 503.2.3 to read as follows: 503.2.3 Surface. Fire apparatus access roads shall be designed and maintained to support imposed loads of 80,000 Lbs. for fire apparatus and shall be surfaced so as to provide all-weather driving capabilities. **Section 503.2.5; Add Second Sentence: … Only with the Fire Chief’s approval. **Section 503.3; change to read as follows: 503.3 Marking.Striping, signs, or other markings, when approved by the fire code official, shall be provided for fire apparatus access roads to identify such roads or prohibit the obstruction thereof. Striping, signs and other markings shall be maintained in a clean and legible condition at all times and be replaced or repaired when necessary to provide adequate visibility. (1) Striping – Fire apparatus access roads shall be continuously marked by painted lines of red traffic paint six inches (6”) in width to show the boundaries of the lane. The words “NO PARKING FIRE LANE” or "FIRE LANE NO PARKING” shall appear in four inch (4”) white letters at 25 feet intervals on the red border markings along both sides of the fire lanes. Where a curb is available, the striping shall be on the vertical face of the curb. (2) Signs – Signs shall read “NO PARKING FIRE LANE” or "FIRE LANE NO PARKING” and shall be 12” wide and 18” high. Signs shall be painted on a white background with letters and borders in red, using not less than 2” lettering. Signs shall be permanently affixed to a stationary post and the bottom of the sign shall be six feet, six inches (6’6”) above finished grade. Signs shall be spaced not more than fifty feet (50’) apart along both sides of the fire lane. Signs may be installed on permanent buildings or walls or as approved by the Fire Chief. **Section 503.4; change to read as follows: 503.4 Obstruction of Fire Apparatus Access Roads. Fire apparatus access roads shall not be obstructed in any manner, including the parking of vehicles. The minimum widths and clearances established in Section 503.2.1 and any area marked as a fire lane as described in Section 503.3 shall be maintained at all times. **Section 505.1; change to read as follows: 505.1 Address Identification. New and existing buildings shall be provided with approved address identification. The address identification shall be legible and placed in a position that is visible from the street or road fronting the property. Address identification characters shall contrast with their background. Address numbers shall be Arabic numbers or alphabetical letters. Numbers shall not be spelled out. Each character shall be not less than 6 inches (152.4 mm) high with a minimum stroke width of 1/2 inch (12.7 mm). Where required by the fire code official, address numbers shall be providedin additional approved locations to facilitate emergency response. Where access 38 Page 7 of 24 is by means of a private road, buildings do not immediately front a street, and/or the building cannot be viewed from the public way, a monument, pole or other sign with approved 6 inch (152.4 mm) height building numerals or addresses and 4 inch (101.6 mm) height suite/apartment numerals of a color contrasting with the background of the building or other approved means shall be used to identify the structure. Numerals or addresses shall be posted on a minimum 20 inch (508 mm) by 30 inch (762 mm) background on border. Address identificationshall be maintained. Exception:R-3 Single Family occupancies shall have approved numerals of a minimum 3 ½ inches (88.9 mm) in height and a color contrasting with the background clearly visible and legible from the street fronting the property and rear alleyway where such alleyway exists. **507.1.2 Add Section to include distance from Fire Hydrant. 507.1.2 Hydrant Distance. An approved fire hydrant shall be located within 100 feet of the fire department connection as the fire hose lays along an unobstructed path. **Section 507.5.4; change to read as follows: 507.5.4 Obstruction. Unobstructed access to fire hydrants shall be maintained at all times. Posts, fences, vehicles, growth, trash, storage and other materials or objects shall not be placed or kept near fire hydrants, fire department inlet connections or fire protection system control valves in a manner that would prevent such equipment or fire hydrants from being immediately discernible. The fire department shall not be deterred or hindered from gaining immediate access to fire protection equipment or fire hydrants. **Section 509.1.2; add new Section 509.1.2 to read as follows: 509.1.2 Sign Requirements. Unless more stringent requirements apply, lettering for signs required by this section shall have a minimum height of 2 inches (50.8 mm) when located inside a building and 4 inches (101.6 mm) when located outside, or as approved by the fire code official. The letters shall be of a color that contrasts with the background. ***Section 603.3.2 and 603.3.2.1; change to read as follows: 603.3.1 Fuel oil storage in outside, above-ground tanks. Where connected to a fuel-oil piping system, the maximum amount of fuel oil storage allowed outside above ground without additional protection shall be 660 gallons (2498 L). The storage of fuel oil above ground in quantities exceeding 660 gallons (2498 L) shall comply with NFPA 31 and Chapter 57. 603.3.2 Fuel oil storage inside buildings. Fuel oil storage inside buildings shall comply with Sections 603.3.2.1 through 603.3.2.5 and Chapter 57. 603.3.2.1 Quantity limits. One or more fuel oil storage tanks containing Class II or III combustible liquid shall be permitted in a building. The aggregate capacity of all tanks shall not exceed the following: 1.660 gallons (2498 L) in unsprinklered buildings, where stored in a tank complying with UL 80, UL 142 or UL 2085 for Class III liquids, and also listed as a double-wall/secondary containment tank for Class II liquids. 2.1,320 gallons (4996 L) in buildings equipped with an automatic sprinkler system in accordance with Section 903.3.1.1, where stored in a tank complying with UL 142 or UL 2085 as a double-wall/secondary containment tank. 3.3,000 gallons (11 356 L) where stored in protected above-ground tanks complying with UL 2085and Section 5704.2.9.7 and the room is protected by an automatic sprinkler system in accordance with Section 903.3.1.1. **Section 807.5.2.2 and 807.5.2.3; change to read as follows: 39 Page 8 of 24 807.5.2.2 Artwork in Corridors. Artwork and teaching materials shall be limited on the walls of corridors to not more than 20 percent of the wall area. Such materials shall not be continuous from floor to ceiling or wall to wall. Curtains, draperies, wall hangings, and other decorative material suspended from the walls or ceilings shall meet the flame propagation performance criteria of NFPA 701 in accordance with Section 807 or be noncombustible. Exception: Corridors protected by an approved automatic sprinkler system installed in accordance with Section 903.3.1.1 shall be limited to 50 percent of the wall area. 807.5.2.3 Artwork in Classrooms. Artwork and teaching materials shall be limited on walls of classrooms to not more than 50 percent of the specific wall area to which they are attached. Curtains, draperies, wall hangings and other decorative material suspended from the walls or ceilings shall meet the flame propagation performance criteria of NFPA 701 in accordance with Section 807 or be noncombustible. **Section 807.5.5.2 and 807.5.5.3; change to read as follows: 807.5.5.2 Artwork in Corridors. Artwork and teaching materials shall be limited on the walls of corridors to not more than 20 percent of the wall area. Such materials shall not be continuous from floor to ceiling or wall to wall. Curtains, draperies, wall hangings and other decorative material suspended from the walls or ceilings shall meet the flame propagation performance criteria of NFPA 701 in accordance with Section 807 or be noncombustible. Exception: Corridors protected by an approved automatic sprinkler system installed in accordance with Section 903.3.1.1 shall be limited to 50 percent of the wall area. 807.5.5.3 Artwork in Classrooms. Artwork and teaching materials shall be limited on walls of classrooms to not more than 50 percent of the specific wall area to which they are attached. Curtains, draperies, wall hangings and other decorative material suspended from the walls or ceilings shall meet the flame propagation performance criteria of NFPA 701 in accordance with Section 807 or be noncombustible. ***Section 901.6.1; add Section 901.6.1.1 to read as follows: 901.6.1.1 Standpipe Testing. Building owners/managers must maintain and test standpipe systems as per NFPA 25 requirements. The following additional requirements shall be applied to the testing that is required every 5 years: 1.The piping between the Fire Department Connection (FDC) and the standpipe shall be backflushed or inspected by approved camera when foreign material is present or when caps are missing, and also hydrostatically tested for all FDC’s on any type of standpipe system. Hydrostatic testing shall also be conducted in accordance with NFPA 25 requirements for the different types of standpipe systems. 2.For any manual (dry or wet) standpipe system not having an automatic water supply capable of flowing water through the standpipe, the tester shall connect hose from a fire hydrant or portable pumping system (as approved by the fire code official) to each FDC, and flow water through the standpipe system to the roof outlet to verify that each inlet connection functions properly. Confirm that there are no open hose valves prior to introducing water into a dry standpipe. There is no required pressure criteria at the outlet. Verify that check valves function properly and that there are no closed control valves on the system. 3.Any pressure relief, reducing, or control valves shall be tested in accordance with the requirements of NFPA 25. All hose valves shall be exercised. 4.If the FDC is not already provided with approved caps, the contractor shall install such caps for all FDC’s as required by the fire code official. 5.Upon successful completion of standpipe test, place a blue tag (as per Texas Administrative Code, Fire Sprinkler Rules for Inspection, Test and Maintenance Service (ITM) Tag) at the bottom of each standpipe 40 Page 9 of 24 riser in the building. The tag shall be check-marked as “Fifth Year” for Type of ITM, and the note on the back of the tag shall read “5 Year Standpipe Test” at a minimum. 6.The procedures required by Texas Administrative Code Fire Sprinkler Rules with regard to Yellow Tags and Red Tags or any deficiencies noted during the testing, including the required notification of the local Authority Having Jurisdiction (fire code official) shall be followed. 7.Additionally, records of the testing shall be maintained by the owner and contractor, if applicable, as required by the State Rules mentioned above and NFPA 25. 8.Standpipe system tests where water will be flowed external to the building shall not be conducted during freezing conditions or during the day prior to expected night time freezing conditions. 9.Contact the fire code official for requests to remove existing fire hose from Class II and III standpipe systems where employees are not trained in the utilization of this firefighting equipment. All standpipe hose valves must remain in place and be provided with an approved cap and chain when approval is given toremove hose by the fire code official. **Section 901.6.4; add Section 901.6.4 to read as follows: 901.6.4 False Alarms and Nuisance Alarms. False alarms and nuisance alarms shall not be given, signaled or transmitted or caused or permitted to be given, signaled or transmitted in any manner. **Section 901.7; change to read as follows: 901.7 Systems Out of Service. Where a required fire protection system is out of service or in the event of an excessive number of activations, the fire department and the fire code official shall be notified immediately and, where required by the fire code official, the building shall either be evacuated or an approved fire watch shall be provided for all occupants left unprotected by the shut down until the fire protection system has been returned to service. … {Remaining text unchanged} **Section 903.1.1; change to read as follows: 903.1.1 Alternative Protection.Alternative automatic fire-extinguishing systems complying with Section 904 shall be permitted in addition to automatic sprinkler protection where recognized by the applicable standard , or as approved by the fire code official. **Section 903.2; add paragraph to read as follows and delete the exception: Automatic Sprinklers shall not be installed in elevator machine rooms, elevator machine spaces, and elevator hoistways, other than pits where such sprinklers would not necessitate shunt trip requirements under any circumstances. Storage shall not be allowed within the elevator machine room. Signage shall be provided at the entry doors to the elevator machine room indicating “ELEVATOR MACHINERY – NO STORAGE ALLOWED.” **Section 903.2.9; add Section 903.2.9.3 to read as follows: 903.2.9.3 Self-Service Storage Facility. An automatic sprinkler system shall be installed throughout all self-service storage facilities. 41 Page 10 of 24 **Section 903.2.11; change 903.2.11.3 and add 903.2.11.7, 903.2.11.8, and 903.2.11.9 as follows: 903.2.11.3 Buildings 35 feet or more in height. An automatic sprinkler system shall be installed throughout buildings that have one or more stories , other than penthouses in compliance with Section 1510 of the International Building Code, located 35 feet (10 668 mm) or more above the lowest level of fire department vehicle access, measured to the finished floor. Exceptions: 1. Open parking structures in compliance with Section 406.5 of the International Building Code, having no other occupancies above the subject garage. 2. Deleted 903.2.11.7 High-Piled Combustible Storage. For any building with a clear height exceeding 12 feet (4572 mm), see Chapter 32 to determine if those provisions apply. 903.2.11.8 Spray Booths and Rooms. New and existing spray booths and spraying rooms shall be protected by an approved automatic fire-extinguishing system. 903.2.11.9 Buildings Over 6,000 sq. ft. An automatic sprinkler system shall be installed throughout all buildings with a building area 6,000 sq. ft. or greater and in all existing buildings that are enlarged to be 6,000 sq. ft. or greater. For the purpose of this provision, fire walls shall not define separate buildings. Exception:Open parking garages in compliance with Section 406.5 of the International Building Code. **Section 903.3.1.1.1; change to read as follows: 903.3.1.1.1 Exempt Locations. When approved by the fire code official, automatic sprinklers shall not be required in the following rooms or areas where such ... {text unchanged}… because it is damp, of fire-resistance-rated construction or contains electrical equipment. 1.Any room where the application of water, or flame and water, constitutes a serious life or fire hazard. 2.Any room or space where sprinklers are considered undesirable because of the nature of the contents, when approved by the code official. 3.Generator and transformer rooms, under the direct control of a public utility, separated from the remainder of the building by walls and floor/ceiling or roof/ceiling assemblies having a fire-resistance rating of not less than 2 hours. 4.Delete 5.Elevator machine rooms, machinery spaces, and hoistways, other than pits where such sprinklers would not necessitate shunt trip requirements under any circumstances. 6.{Delete.} ***Section 903.3.1.2.3; delete section and replace as follows: [F] Section 903.3.1.2.3 Attached Garages and Attics. Sprinkler protection is required in attached garages, and in the following attic spaces: 1.Attics that are used or intended for living purposes or storage shall be protected by an automatic sprinkler system. 2.Where fuel-fired equipment is installed in an unsprinklered attic, not fewer than one quick-response intermediate temperature sprinkler shall be installed above the equipment. 42 Page 11 of 24 3. Attic spaces of buildings that are two or more stories in height above grade plane or above the lowest level of fire department vehicle access. 4.Group R-4, Condition 2 occupancy attics not required by Item 1 or 3 to have sprinklers shall comply with one of the following: 4.1. Provide automatic sprinkler system protection. 4.2. Provide a heat detection system throughoutthe attic that is arranged to activate the building fire alarm system. 4.3. Construct the attic using noncombustible materials. 4.4. Construct the attic using fire-retardant-treated wood complying with Section 2303.2 of the International Building Code. 4.5. Fill the attic with noncombustible insulation. **Section 903.3.1.3; change to read as follows: 903.3.1.3 NFPA 13D Sprinkler Systems.Automatic sprinkler systems installed in one- and two-family dwellings; Group R-3; Group R-4,Condition 1;and townhouses shall be permitted to be installed throughout in accordance with NFPA 13D or in accordance with state law. **Section 903.3.1.4; add to read as follows: [F] 903.3.1.4 Freeze protection.Freeze protection systems for automatic fire sprinkler systems shall be in accordance with the requirements of the applicable referenced NFPA standard and this section. 903.3.1.4.1 Attics.Only dry-pipe, preaction, or listed antifreeze automatic fire sprinkler systems shall be allowed to protect attic spaces. Exception:Wet-pipe fire sprinkler systems shall be allowed to protect non-ventilated attic spaces where: 1.The attic sprinklers are supplied by a separate floor control valve assembly to allow ease of draining the attic system without impairing sprinklers throughout the rest of the building, and 2.Adequate heat shall be provided for freeze protection as per the applicable referenced NFPA standard, and 3.The attic space is a part of the building’s thermal, or heat, envelope, such that insulation is provided at the roof deck, rather than at the ceiling level. 903.3.1.4.2 Heat trace/insulation.Heat trace/insulation shall only be allowed where approved by the fire code official for small sections of large diameter water-filled pipe. **Section 903.3.5; add a second paragraph to read as follows: Water supply as required for such systems shall be provided in conformance with the supply requirements of the respective standards; however, every water-based fire protection system shall be designed with a 10 psi safety factor. Reference Section 507.4 for additional design requirements. **Section 903.4; add a second paragraph after the exceptions to read as follows: Sprinkler and standpipe system water-flow detectors shall be provided for each floor tap to the sprinkler system and shall cause an alarm upon detection of water flow for more than 45 seconds. All control valves in the sprinkler and standpipe systems except for fire department hose connection valves shall be electrically supervised to initiate a supervisory signal at the central station upon tampering. 43 Page 12 of 24 **Section 903.4.2; add second paragraph to read as follows: The alarm device required on the exterior of the building shall be a weatherproof horn/strobe notification appliance with a minimum 75 candela strobe rating, installed as close as practicable to the fire department connection. **Section 905.2; change to read as follows: 905.2 Installation Standard. Standpipe systems shall be installed in accordance with this section and NFPA 14. Manual dry standpipe systems shall be supervised with a minimum of 10 psig and a maximum of 40 psig air pressure with a high/low alarm. ***Section 905.3; add Section 905.3.9 and exception to read as follows: 905.3.9 Buildings Exceeding 10,000 sq. ft.In buildings exceeding 10,000 square feet in area per story and where any portion of the building’s interior area is more than 200 feet (60960 mm) of travel, vertically and horizontally, from the nearest point of fire department vehicle access, Class I automatic wet or manual wet standpipes shall be provided. Exceptions: 1.Automatic dry, semi-automatic dry, and manual dry standpipes are allowed as provided for in NFPA 14 where approved by the fire code official. 2.R-2 occupancies of four stories or less in height having no interior corridors. **Section 905.3.1 Height. 1.Three or more stories are above or below grade plane. **Section 905.4, change Item 1, 3, and 5, and add Item 7 to read as follows: 1. In every required exit stairway, a hose connection shall be provided for each story above and below grade plane. Hose connections shall be located at an intermediate landing between stories, unless otherwise approved by the fire code official. 2. {No change.} 3. In every exit passageway, at the entrance from the exit passageway to other areas of a building. Exception: Where floor areas adjacent to an exit passageway are reachable from an exit stairway hose connection by a {remainder of text unchanged} 4. {No change.} 5. Where the roof has a slope less than four units vertical in 12 units horizontal (33.3-percent slope), each standpipe shall be provided with a two-way hose connection located to serve the roof or at the highest landing of an exit stairway with stair access to the roof provided in accordance with Section 1011.12. 6. {No change.} 7.When required by this Chapter, standpipe connections shall be placed adjacent to all required exits to the structure and at two hundred feet (200’) intervals along major corridors thereafter, or as otherwise approved by the fire code official. **Section 905.9; add a second paragraph after the exceptions to read as follows: Sprinkler and standpipe system water-flow detectors shall be provided for each floor tap to the sprinkler system and shall cause an alarm upon detection of water flow for more than 45 seconds. All control valves in the sprinkler and standpipe systems except for fire department hose connection valves shall be electrically supervised to initiate a supervisory signal at the central station upon tampering. **Section 907.1; add Section 907.1.4 and 907.1.4.1 to read as follows: 44 Page 13 of 24 907.1.4 Design Standards. Where a new fire alarm system is installed, the devices shall be addressable. Fire alarm systems utilizing more than 20 smoke detectors shall have analog initiating devices. **Section 907.2.1; change to read as follows: 907.2.1 Group A. A manual fire alarm system that activates the occupant notification system in accordance with Section 907.5 shall be installed in Group A occupancies having an occupant load of 300 or more persons, or where the occupant load is more than 100 persons above or below the lowest level of exit discharge. Group A occupancies not separated from one another in accordance with Section 707.3. 10 of the International Building Code shall be considered as a single occupancy for the purposes of applying this section. Portions of Group E occupancies occupied for assembly purposes shall be provided with a fire alarm system as required for the Group E occupancy. Exception: {No change.} Activation of fire alarm notification appliances shall: 1. Cause illumination of the means of egress with light of not less than 1 foot-candle (11 lux) at the walking surface level, and 2. Stop any conflicting or confusing sounds and visual distractions. **Section 907.2.3; change to read as follows: 907.2.3 Group E. A manual fire alarm system that initiates the occupant notification signal utilizing an emergency voice/alarm communication system meeting the requirements of Section 907.5.2.2 and installed in accordance with Section 907.6 shall be installed in Group E educational occupancies. When automatic sprinkler systems or smoke detectors are installed, such systems or detectors shall be connected to the building fire alarm system. An approved smoke detection system shall be installed in Group E day care occupancies. Unless separated by a minimum of 100' open space, all buildings, whether portable buildings or the main building, will be considered one building for alarm occupant load consideration and interconnection of alarm systems. Exceptions: 1.{No change.} 1.1. Residential In-Home day care with not more than 12 children may use interconnected single station detectors in all habitable rooms. (For care of more than five children 2 1/2 or less years of age, see Section 907.2.6.) {No change to remainder of exceptions.} **Section 907.2.12, Exception 3; change to read as follows: 3.Open air portions of buildings with an occupancy in Group A-5 in accordance with Section 303.1 of the International Building Code; however, this exception does not apply to accessory uses including but not limited to sky boxes, restaurants, and similarly enclosed areas. **Section 907.4.2; add Section 907.4.2.7 to read as follows: 907.4.2.7 Type.Manual alarm initiating devices shall be an approved double action type. **Section 907.6.1; add Section 907.6.1.1 to read as follows: 907.6.1.1 Wiring Installation. All fire alarm systems shall be installed in such a manner that a failure of any single initiating device or single open in an initiating circuit conductor will not interfere with the normal operation of other such devices. All signaling line circuits (SLC) shall be installed in such a way that a single open will not interfere with the operation of any addressable devices (Class A). Outgoing and return SLC conductors shall be installed in 45 Page 14 of 24 accordance with NFPA 72 requirements for Class A circuits and shall have a minimum of four feet separation horizontal and one foot vertical between supply and return circuit conductors. The initiating device circuit (IDC) from a signaling line circuit interface device may be wired Class B, provided the distance from the interface device to the initiating device is ten feet or less. **Section 907.6.3; delete all four Exceptions. **Section 907.6.3.1.1 to read as follows: Graphical annunciation of initiating devices shall be provided for large, complex floor plans where required by the fire code official or other sections of this code. **Section 907.6.3.2 to read as follows: 907.6.3.2 Communication requirements. All alarm systems, new or replacement, shall transmit alarm, supervisory and trouble signals descriptively to the approved central station, remote supervisory station or proprietary station as defined in NFPA 72, with the correct device designation and location of addressable device identification. Alarms shall not be permitted to be transmitted as a general alarm or zone condition. **Section 907.6.6; – add sentence at end of paragraph to read as follows: See 907.6.3 for the required information transmitted to the supervising station. **Section 907.6.7 to read as follows: 907.6.7 Waterflow notification. When required by Section 903.4.2, an exterior audible and visible notification device shall be provided on the exterior of the building and shall be located above the fire department connection. The notification device shall operate on a waterflow alarm only, shall be non-silenceable and shall continue to operate after the panel is silenced on the condition the alarm was a waterflow alarm only. The notification device shall wired from the fire alarm control panel as a dedicated latching circuit. Minimum candela rating for the notification device shall be 75 (cd) candela. **Section 907.10 to read as follows: 907.10 Interconnection. Fire alarm systems installed in multi-building developments which share a common address shall be interconnected. Each building shall be provided with a fire alarm panel which reports back to a common location for signal transmission to the monitoring station. Each building will be provided with full command and control of its system without the need to reset from the signal transmitting location. All alarms shall annunciate at a normally occupied location per 907.6.3. **Section 909.22; add to read as follows: 909.22 Stairway or Ramp Pressurization Alternative. Where the building is equipped throughout with an automatic sprinkler system in accordance with Section 903.3.1.1 and the stair pressurization alternative is chosen for compliance with Building Code requirements for a smokeproof enclosure, interior exit stairways or ramps shall be pressurized to a minimum of 0.10 inches of water (25 Pa) and a maximum of 0.35 inches of water (87 Pa) in the shaft relative to the building measured with all interior exit stairway and ramp doors closed under maximum anticipated conditions of stack effect and wind effect. Such systems shall comply with Section 909, including the installation of a separate fire-fighter’s smoke control panel as per Section 909.16, and a Smoke Control Permit shall be required from the fire department as per Section 105.7. 909.22.1 Ventilating equipment.The activation of ventilating equipment for the stair or ramp pressurization system shall be by smoke detectors installed at each floor level at an approved location at the entrance to the smokeproof 46 Page 15 of 24 enclosure. When the closing device for the stairway or ramp shaft and vestibule doors is activated by smoke detection or power failure, the mechanical equipment shall activate and operate at the required performance levels. Smoke detectors shall be installed in accordance with Section 907.3. 909.22.1.1 Ventilation Systems.Smokeproof enclosure ventilation systems shall be independent of other building ventilation systems. The equipment, control wiring, power wiring and ductwork shall comply with one of the following: 1. Equipment, control wiring, power wiring and ductwork shall be located exterior to the building and directly connected to the smokeproof enclosure or connected to the smokeproof enclosure by ductwork enclosed by not less than 2-hour fire barriers constructed in accordance with Section 707 of the Building Code or horizontal assemblies constructed in accordance with Section 711 of the Building Code, or both. 2. Equipment, control wiring, power wiring and ductwork shall be located within the smokeproof enclosure with intake or exhaust directly from and to the outside or through ductwork enclosed by not less than 2-hour barriers constructed in accordance with Section 707 of the Building Code or horizontal assemblies constructed in accordance with Section 711 of the Building Code, or both. 3. Equipment, control wiring, power wiring and ductwork shall be located within the building if separated from the remainder of the building, including other mechanical equipment, by not less than 2-hour fire barriers constructed in accordance with Section 707 of the Building Code or horizontal assemblies constructed in accordance with Section 711 of the Building Code, or both. Exceptions: 1. Control wiring and power wiring utilizing a 2-hour rated cable or cable system. 2. Where encased with not less than 2 inches (51 mm) of concrete. 3. Control wiring and power wiring protected by a listed electrical circuit protective systems with a fire- resistance rating of not less than 2 hours. 909.21.1.2 Standby Power.Mechanical vestibule and stairway and ramp shaft ventilation systems and automatic fire detection and suppression systems shall be provided with standby power in accordance with Section 2702 of the Building Code. 909.22.1.3 Acceptance and Testing. Before the mechanical equipment is approved, the system shall be testedin the presence of the fire code official to confirm that the system is operating in compliance with these requirements. **Section 910.2; change Exception 2. and 3.to read as follows: 2. Only manual smoke and heat removal shall be required in areas of buildings equipped with early suppression fast-response (ESFR) sprinklers. Automatic smoke and heat removal is prohibited. 3.Only manual smoke and heat removal shall be required in areas of buildings equipped with control mode special application sprinklers with a response time index of 50(m*S)1/2 or less that are listed to control a fire in stored commodities with 12 or fewer sprinklers. Automatic smoke and heat removal is prohibited. **Section 910.2; add subsections 910.2.3 with exceptions to read as follows: 910.2.3 Group H.Buildings and portions thereof used as a Group H occupancy as follows: 1.In occupancies classified as Group H-2 or H-3, any of which are more than 15,000 square feet (1394 m2) in single floor area. Exception: Buildings of noncombustible construction containing only noncombustible materials. 2.In areas of buildings in Group H used for storing Class 2, 3, and 4 liquid and solid oxidizers, Class 1 and unclassified detonable organic peroxides, Class 3 and 4 unstable (reactive) materials, or Class 2 or 3 water- reactive materials as required for a high-hazard commodity classification. 47 Page 16 of 24 Exception: Buildings of noncombustible construction containing only noncombustible materials. **Section 910.3; add section 910.3.4 to read as follows: 910.3.4 Vent Operation. Smoke and heat vents shall be capable of being operated by approved automatic and manual means. Automatic operation of smoke and heat vents shall conform to the provisions of Sections 910.3.2.1 through 910.3.2.3. 910.3.4.1 Sprinklered buildings. Where installed in buildings equipped with an approved automatic sprinkler system, smoke and heat vents shall be designed to operate automatically. The automatic operating mechanism of the smoke and heat vents shall operate at a temperature rating at least 100 degrees F (approximately 38 degrees Celsius) greater than the temperature rating of the sprinklers installed. Exception: Manual only systems per Section 910.2. 910.3.4.2 Nonsprinklered Buildings. Where installed in buildings not equipped with an approved automatic sprinkler system, smoke and heat vents shall operate automatically by actuation of a heat-responsive device rated at between 100°F (56°C) and 220°F (122°C) above ambient. Exception:Listed gravity-operated drop out vents. **Section 910.4.3.1; change to read as follows: 910.4.3.1 Makeup Air. Makeup air openings shall be provided within 6 feet (1829 mm) of the floor level. Operation of makeup air openings shall be automatic. The minimum gross area of makeup air inlets shall be 8 square feet per 1,000 cubic feet per minute (0.74 m2 per 0.4719 m3/s) of smoke exhaust. **Section 912.2; add Section 912.2.3 to read as follows: 912.2.3 Hydrant Distance. An approved fire hydrant shall be located within 100 feet of the fire department connection as the fire hose lays along an unobstructed path. **Section 913.2.1; add second paragraph and exception to read as follows: When located on the ground level at an exterior wall, the fire pump room shall be provided with an exterior fire department access door that is not less than 3 ft. in width and 6 ft. – 8 in. in height, regardless of any interior doors that are provided. A key box shall be provided at this door, as required by Section 506.1. Exception:When it is necessary to locate the fire pump room on other levels or not at an exterior wall, the corridor leading to the fire pump room access from the exterior of the building shall be provided with equivalent fire resistance as that required for the pump room, or as approved by the fire code official. Access keys shall be provided in the key box as required by Section 506.1. **Section 914.3.1.2; change to read as follows: 914.3.1.2 Water Supply to required Fire Pumps. In buildings that are more than 120 feet (37 m) in building height, required fire pumps shall be supplied by connections to no fewer than two water mains located in different streets. Separate supply piping shall be provided between each connection to the water main and the pumps. Each connection and the supply piping between the connection and the pumps shall be sized to supply the flow and pressure required for the pumps to operate. Exception: {No change to exception.} 48 Page 17 of 24 **Section 1006.2.2.7; Add Section 1006.2.2.7 as follows: 1006.2.2.7 Electrical Rooms.For electrical rooms, special exiting requirements may apply. Reference the electrical code as adopted. **Section 1009.8; add the following Exception 7: Exceptions: 7. Buildings regulated under State Law and built in accordance with State registered plans, including variances or waivers granted by the State, shall be deemed to be in compliance with the requirements of Section 1009 and chapter 11. **Section 1010.1.9.5 Bolt Locks; amend exceptions 3 and 4 as follows: Exceptions: 3. Where a pair of doors serves an occupant load of less than 50 persons in a Group B, F, M or S occupancy. (Remainder unchanged) 4. Where a pair of doors serves a Group A, B, F, M or S occupancy (remainder unchanged) **Section 1020.1 Construction; add exception 6 to read as follows: 6. In group B occupancies, corridor walls and ceilings need not be of fire-resistive construction within a single tenant space when the space is equipped with approved automatic smoke-detection within the corridor. The actuation of any detector must activate self-annunciating alarms audible in all areas within the corridor. Smoke detectors must be connected to an approved automatic fire alarm system where such system is provided. **Section 1029.1.1.1 Spaces under grandstands and bleachers; delete this section. **Section 1031.2; change to read as follows: 1031.2 Reliability. Required exit accesses, exits and exit discharges shall be continuously maintained free from obstructions or impediments to full instant use in the case of fire or other emergency. An exit or exit passageway shall not be used for any purpose that interferes with a means of egress. **Section 1103.3; add sentence to end of paragraph as follows: Provide emergency signage as required by Section 606.3. **Section 1103.5.1: add sentence to read as follows: Fire sprinkler system installation shall be completed within 24 months from date of notification by the fire code official. **Section 1103.5; add Section 1103.5.5 to read as follows: 1103.5.5 Spray Booths and Rooms. Existing spray booths and spray rooms shall be protected by an approved automatic fire-extinguishing system in accordance with Section 2404. **Section 1103.7; add Section 1103.7.7 and 1103.7.7.1 to read as follows: 49 Page 18 of 24 1103.7.7 Fire Alarm System Design Standards. Where an existing fire alarm system is upgraded or replaced, the devices shall be addressable. Fire alarm systems utilizing more than 10 smoke and/or heat detectors shall have analog initiating devices. Exception: Existing systems need not comply unless the total building, or fire alarm system, remodel or expansion exceeds 30% of the building. When cumulative building, or fire alarm system, remodel or expansion initiated after the date of original fire alarm panel installation exceeds 50% of the building, or fire alarm system, the fire alarm system must comply within 18 months of permit application. 1103.7.7.1 Communication requirements. Refer to Section 907.6.6 for applicable requirements. **Section 1203; change and add to read as follows: 1203.1.1 {No change.} 1203.1.2 {No change.} 1203.1.3 Emergency power systems and standby power systems shall be installed in accordance with the International Building Code, NFPA 70, NFPA 110 and NFPA 111. Existing installations shall be maintained in accordance with the original approval, except as specified in Chapter 11. 1203.1.4 through 1203.1.9 {No changes to these sections.} 1203.1.10 Critical Operations Power Systems (COPS). For Critical Operations Power Systems necessary to maintain continuous power supply to facilities or parts of facilities that require continuous operation for the reasons of public safety, emergency management, national security, or business continuity, see NFPA 70. 1203.2 Where Required. Emergency and standby power systems shall be provided where required by Sections 1203.2.1 Through 1203.2.1826 or elsewhere identified in this code or any other referenced code. 1203.2.1 Through 1203.2.3 {No change.} 1203.2.4 Emergency Voice/alarm Communications Systems.Emergency power shall be provided for emergency voice/alarm communications systems in the following occupancies, or as specified elsewhere in this code, as required in Section 907.5.2.2.5. The system shall be capable of powering the required load for a duration of not less than 24 hours, as required in NFPA 72. Covered and Open Malls, Section 907.2.19 and 914.2.3 Group A Occupancies, Sections 907.2.1 and 907.5.2.2.4. Special Amusement Buildings, Section 907.2.11 High-rise Buildings, Section 907.2.12 Atriums, Section 907.2.13 Deep Underground Buildings, Section 907.2.18 1203.2.5 through 1203.2.13 {No change.} 1203.2.14 Means of Egress Illumination. Emergency power shall be provided for means of egress illumination in accordance with Sections 1008.3 and 1104.5.1. (90 minutes) 1203.2.15 Membrane Structures. Emergency power shall be provided for exit signs in temporary tents and membrane structures in accordance with Section 3103.12.6. (90 minutes) Standby power shall be provided for auxiliary inflation systems in permanent membrane structures in accordance with Section 2702 of the International 50 Page 19 of 24 Building Code. (4 hours) Auxiliary inflation systems shall be provided in temporary air-supported and air-inflated membrane structures in accordance with section 3103.10.4. 1203.2.16 {No change.} 1203.2.17 Smoke Control Systems. Standby power shall be provided for smoke control systems in the following occupancies, or as specified elsewhere in this code, as required in Section 909.11: Covered Mall Building, International Building Code, Section 402.7 Atriums, International Building Code, Section 404.7 Underground Buildings, International Building Code, Section 405.8 Group I-3, International Building Code, Section 408.4.2 Stages, International Building Code, Section 410.2.5 Special Amusement Buildings (as applicable to Group A’s), International Building Code, Section 411.1 Smoke Protected Seating, Section 1029.6.2. 1203.2.18 {No change.} 1203.2.19 Covered and Open Mall Buildings. Emergency power shall be provided in accordance with Section 907.2.19 and 914.2.3. 1203.2.20 AirportTraffic Control Towers. A standby power system shall be provided in airport traffic control towers more than 65 ft. in height. Power shall be provided to the following equipment: 1. Pressurization equipment, mechanical equipment and lighting. 2. Elevator operating equipment. 3. Fire alarm and smoke detection systems. 1203.2.21 Smoke proof Enclosures and Stair Pressurization Alternative. Standby power shall be provided for smoke proof enclosures, stair pressurization alternative and associated automatic fire detection systems as required by the International Building Code, Section 909.20.6.2. 1203.2.22 Elevator Pressurization. Standby power shall be provided for elevator pressurization system as required by the International Building Code, Section 909.21.5. 1203.2.23 Elimination of Smoke Dampers in Shaft Penetrations. Standby power shall be provided when eliminating the smoke dampers in ducts penetrating shafts in accordance with the International Building Code, Section 717.5.3, exception 2.3. 1203.2.24 Common Exhaust Systems for Clothes Dryers. Standby power shall be provided for common exhaust systems for clothes dryers located in multistory structures in accordance with the International Mechanical Code, Section 504.10, Item 7. 1203.2.25 Hydrogen Cutoff Rooms. Standby power shall be provided for mechanical ventilation and gas detection systems of Hydrogen Cutoff Rooms in accordance with the International Building Code, Section 421. 1203.2.26 Means of Egress Illumination in Existing Buildings. Emergency power shall be provided for means of egress illumination in accordance with Section 1104.5 when required by the fire code official. (90 minutes in I-2, 60 minutes elsewhere.) 1203.3 Through 1203.6 {No change.} 1203.7 Energy Time Duration. Unless a time limit is specified by the fire code official, in this chapter or elsewhere in this code, or in any other referenced code or standard, the emergency and standby power system shall be supplied with enough fuel or energy storage capacity for not less than 2-hour full-demand operation of the system. 51 Page 20 of 24 Exception: Where the system is supplied with natural gas from a utility provider and is approved. **Section 2304.1; change to read as follows: 2304.1 Supervision of Dispensing. The dispensing of fuel at motor fuel-dispensing facilities shall be in accordance with the following: 1.Conducted by a qualified attendant; and/or, 2.Shall be under the supervision of a qualified attendant; and/or 3.Shall be an unattended self-service facility in accordance with Section 2304.3. At any time the qualified attendant of item Number 1 or 2 above is not present, such operations shall be considered as an unattended self-service facility and shall also comply with Section 2304.3. **Section 2401.2; delete this section. ***Section 3103.3.1; delete this section. **Table 3206.2, footnote h; change text to read as follows: h.Where storage areas are protected by either early suppression fast response (ESFR) sprinkler systems or control mode special application sprinklers with a response time index of 50 (m • s) 1/2 or less that are listed to control a fire in the stored commodities with 12 or fewer sprinklers, installed in accordance with NFPA 13, manual smoke and heat vents or manually activated engineered mechanical smoke exhaust systems shall be required within these areas. ***Table 3206.2, footnote j; add footnote j to row titled ‘High Hazard’ and ‘Greater than 300,000’ to read as follows: j. High hazard high-piled storage areas shall not exceed 500,000 square feet. A 2-hour fire wall constructed in accordance with Section 706 of the International Building Code shall be used to divide high-piled storage exceeding 500,000 square feet in area. **Section 3310.1; add sentence to end of paragraph to read as follows: When fire apparatus access roads are required to be installed for any structure or development, they shall be approved prior to the time at which construction has progressed beyond completion of the foundation of any structure. **Section 5601.1.3; change to read as follows: 5601.1.3 Fireworks. The possession, manufacture, storage, sale, handling, and use of fireworks are prohibited. Exceptions: 1.Only when approved for fireworks displays, storage, and handling of fireworks as allowed in Section 5604 and 5608. 2. The use of fireworks for approved fireworks displays as allowed in Section 5608. 52 Page 21 of 24 {Delete remainder of text.} **Section 5703.6; add a sentence to read as follows: 5703.6 Piping Systems.Piping systems, and their component parts, for flammable and combustible liquids shall be in accordance with Sections 5703.6.1 through 5703.6.11. An approved method of secondary containment shall be provided for underground tank and piping systems. **Section 5704.2.11.4; add a sentence to read as follows: 5704.2.11.4 Leak Prevention. Leak prevention for underground tanks shall comply with Sections 5704.2.11.4.1 through 5704.2.11.4.3. An approved method of secondary containment shall be provided for underground tank and piping systems. **Section 5704.2.11.4.2; change to read as follows: 5704.2.11.4.2 Leak Detection. Underground storage tank systems shall be provided with an approved method of leak detection from any component of the system that is designed and installed in accordance with NFPA 30 and as specified in Section 5704.2.11.4.3. **Section 5704.2.11.4.3; add Section 5704.2.11.4.3 to read as follows: 5704.2.11.4.3 Observation Wells. Approved sampling tubes of a minimum 4 inches in diameter shall be installed in the backfill material of each underground flammable or combustible liquid storage tank. The tubes shall extend from a point 12 inches below the average grade of the excavation to ground level and shall be provided with suitable surface access caps. Each tank site shall provide a sampling tube at the corners of the excavation with a minimum of 4 tubes. Sampling tubes shall be placed in the product line excavation within 10 feet of the tank excavation and one every 50 feet routed along product lines towards the dispensers, a minimum of two are required. **Section 5707.4; add paragraph to read as follows: Mobile fueling sites shall be restricted to commercial, industrial, governmental, or manufacturing, where the parking area having such operations is primarily intended for employee vehicles. Mobile fueling shall be conducted for fleet fueling or employee vehicles only, not the general public. Commercial sites shall be restricted to office-type or similar occupancies that are not primarily intended for use by the public. **Section 6103.2.1; add Section 6103.2.1.8 to read as follows: 6103.2.1.8 Jewelry Repair, Dental Labs and Similar Occupancies. Where natural gas service is not available, portable LP-Gas containers are allowed to be used to supply approved torch assemblies or similar appliances. Such containers shall not exceed 20-pound (9.0 kg) water capacity. Aggregate capacity shall not exceed 60-pound (27.2 kg) water capacity. Each device shall be separated from other containers by a distance of not less than 20 feet. **Section 6104.2, Exception; add an exception 2 to read as follows: Exceptions: 1.{existing text unchanged} 2.Except as permitted in Sections 308 and 6104.3.2, LP-gas containers are not permitted in residential 53 Page 22 of 24 areas. **Section 6104.3; add Section 6104.3.3 to read as follows: 6104.3.3 Spas, Pool Heaters, and Other Listed Devices. Where natural gas service is not available, an LP-gas container is allowed to be used to supply spa and pool heaters or other listed devices. Such container shall not exceed 250-gallon water capacity per lot. See Table 6104.3 for location of containers. Exception:Lots where LP-gas can be off-loaded wholly on the property where the tank is located may install up to 500 gallon above ground or 1,000 gallon underground approved containers. **Section 6107.4 and 6109.13; change to read as follows: 6107.4 Protecting Containers from Vehicles. Where exposed to vehicular damage due to proximity to alleys, driveways or parking areas, LP-gas containers, regulators and piping shall be protected in accordance with Section 312. 6109.13 Protection of Containers. LP-gas containers shall be stored within a suitable enclosure or otherwise protected against tampering. Vehicle impact protection shall be provided as required by Section 6107.4. **Appendix B Fire-Flow Requirements for Buildings: All of Appendix B ** {Applicable to those jurisdictions adopting Appendix B} Table B105.2; change footnote a. to read as follows: a. The reduced fire-flow shall be not less than 1,500 gallons per minute. **Appendix C Fire Hydrant Locations and Distributions: All of Appendix C **Appendix D Fire Apparatus Access Roads: All of Appendix C **Appendix L Requirements For Firefighter Air Replenishment Systems **Section L101.2 is to read as follows: L101.2 Required locations. A FARS shall be provided in all new construction when any of the following occur: 1. Any new building 5 or more stories in height from the lowest level of fire department access. 2. Any building determined to be a high-rise. 3. Any new building 2 or more stories bellow grade. 4. Any new building with a total area of 500,000 square feet or more in size. 54 Page 23 of 24 5. Any new R-2 occupancy, or mixed-us occupancy, in which the total fire area exceeds 400,000 square feet and is 4 stories or more from the lowest level of fire department access. **Section L101.13.1 is to read as follows: L101.13.1 Location. Each stairwell will have a supply riser. Fill stations for refilling breathing air cylinders shall be located as follows or otherwise as required by the fire code official: 1. Multi-level Buildings. a. Single stairwell, on all even floor levels b. Two stairwells, on alternated floors between the stairwells. c. Three or more stairwells. i. Central stairwell on all floors. ii. Alternating floors in other stairwells as determined by the fire code official. 2. Large-area buildings. a. At interior structural support columns, adjacent ti interior fire department hose valves. **Section L101.13.4 is to read as follows: L101-13.4 Identification. In large area buildings the supporting column were the fill stations are located shall be identified with a White 4-inch 3M Diamond Grade reflective striping at the ceiling and the floor levels. **Section L103.1.1 is to read as follows: L103.1.1 Submittals. Plans and specifications shall be from a Firefighter Air Replenishment company and sealed by a licensed PE. **Section L104.15 is hereby amended by adding a sentence to read as follows: Air monitoring shall be required at a location approved by the fire code official. **Section L104.5.1 is amended to read as follows: L104.5.1 Stored pressure air supply shall be required and designed based on chapter 24 of NFPA 1901 except that provisions applicable only to mobile apparatus or not applicable to system design shall not apply. A stored pressure air supply shall be capable of refilling not less than 50 empty breathing air cylinders. **Section L104.5.1.2 is to read as follows: L104.5.1.2 Location. Stored pressure air supply shall be located in the fire command room as determined by the fire code official. 55 Page 24 of 24 SECTION 3.If any section, article paragraph, sentence, clause, phrase or word in this Ordinance, or application thereto any persons or circumstances is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this Ordinance; and the City Council hereby declares it would have passed such remaining portions of this Ordinance despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 4.That all provisions of the Ordinances of the City of The Colony, Texas, in conflict with the provisions of this Ordinance be, and the same are hereby amended, repealed, and all other provisions of the Ordinances of the City not in conflict with the provisions of this Ordinance shall remain in full force and effect. SECTION 5.Any person, firm, or corporation violating any of the provisions of this Ordinance shall be deemed guilty of a misdemeanor and, upon conviction in the municipal court of the City of The Colony, Texas, shall be punished by a fine not to exceed the sum of Two Thousand Dollars ($2,000.00) for each offense. Every day a violation occurs shall constitute a separate offense. SECTION 6. This Ordinance shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THIS 19 th day of January, 2021. Joe McCourry, Mayor ATTEST: Tina Stewart, TRMC, CMC, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 56 Agenda Item No:4.4 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Brant Shallenburger Submitting Department: General Admin Item Type: Discussion Agenda Section: Subject: Consider approving the renewal of a contract for Diane Baxter as an LPGA consultant and Event Coordinator Liaison. (Shallenburger) Suggested Action: Attachments: Diane Baxter - Independent Contractor Agreement 2021-22.pdf 57 INDEPENDENT CONTRACTOR AGREEMENT THIS INDEPENDENT CONTRACTOR AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered to be effective the 1st day of February, 2020, by and between the CITY OF THE COLONY, TEXAS (hereinafter referred to as the “City”), a Texas home-rule municipality, and Diane Baxter (hereinafter referred to as “Contractor”), both of which parties hereto understand and agree as follows: WITNESSETH: WHEREAS, it is the desire of the City of The Colony, Texas, to engage the services of Contractor in order to assist in the promotion of the City and the event known as The Volunteers of America LPGA Texas Classic (hereinafter referred to as the “Event”). NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, and hereinbefore stated, the parties hereto agree as follows: A. Term This Agreement shall take effect on February 1, 2021 and shall continue until January 31, 2022. B. Scope of Work Contractor shall serve as the liaison between the City and the Event organizers including Eiger Marketing Group, LPGA officials and Old American Golf Club in order to insure all needs are met for a successful event. Contractor shall be responsible for coordinating staff for City provided needs. Contractor will coordinate City staff meetings leading up to the Event as well as a follow-up meeting at the conclusion of the Event to discuss the outcome. In addition, Contractor will coordinate any meetings necessary between City staff and Eiger Marketing Group, LPGA officials and Old American Golf Club. Contractor shall abide by all City rules, regulations and policies as detailed in the City Charter, the Municipal Code, the City Code of Ordinances, state law and as reasonably directed by the City. C. Compensation Contractor shall be compensated in the amount of thirty-three thousand dollars ($33,000.00) payable in monthly installments of two thousand seven hundred fifty dollars ($2,750.00). The first payment shall be due and issued on February 28, 2020 with each subsequent payment made on the last Friday of each month until the final payment is made on January 29, 2021. In addition, the City agrees to pay Contractor a monthly stipend for cell phone use at the rate of thirty-eight dollars ($38.00) per month. 58 D. Travel Expenses The City agrees to reimburse Contractor for reasonable travel expenses incurred in the scope of her work as outlined herein. Travel expenses shall be preapproved by the City prior to being incurred. Contractor shall request reimbursement by submitting an itemized request, including receipts, to the City. Contractor shall receive additional automobile-related reimbursement. The mileage fee will be equivalent to that established by the Internal Revenue Service. Reimbursement shall be requested through the Director of Government Relations. E. Contractor’s Employees Contractor has and retains full control and supervision of the services performed as described in the Statement of Work and has full control over the employment and compensation and discharge of all persons, other than the City employees, assisting in the performance of the services referenced herein. Contractor shall be solely responsible for all matters relating to payment of wages to its employees, including but not limited to compliance with social security payroll tax withholdings and unemployment compensation. Contractor further agrees to be responsible for its own acts and those of its subordinates, employees and any subcontractors, if any, during the term of this Agreement. Further, Contractor’s relationship to the City is that of an independent contractor, and not an agent, employee or servant. Contractor shall have no authority to bind the City or any of its administrators, officers or employees. In the ordinary course of business, Contractor may perform services for parties other than the City and is not precluded from doing so by this Agreement so long as those services do not conflict with the goals and objectives of the City. F. Business Expenses Contractor shall provide any and all supplies, equipment or other business expenses used for services; however, Contractor shall coordinate with the City the use of any City owned supplies, equipment or services if same are available. G. Liability The City shall not be liable or responsible for any injuries, damages or losses of Contractor during the course and scope of the services performed by Contractor pursuant to this Agreement. Independent Contractor shall defend, indemnify and hold harmless the City and its officers, agents and employees from and against all damages, claims, losses and demands made by Contractor arising out of or resulting from the performance of her services. H. Right of Termination The City reserves the right to cancel this Agreement at any time, with or without notice, to 59 Contractor, in the City’s sole discretion. Contractor may cancel this Agreement after providing the City with at least thirty (30) days’ notice. If Contractor engages in any activity that poses an immediate threat to the health, safety or reputation of Contractor’s or the City’s employees, residents, invitees, agents or representatives, such termination of this Agreement may be immediate. Termination of this Agreement under this paragraph shall result in the voiding of any upcoming payments that may be due. [The Remainder of this Page Intentionally Left Blank] 60 IN WITNESS WHEREOF, the City of The Colony, Texas, has caused this Independent Contractor Agreement to be signed and executed on its behalf by the City Manager and Contractor has signed and executed this Independent Contractor Agreement. Signed this the day of , 2021. CITY OF THE COLONY, TEXAS ________________________________________ Troy C. Powell, City Manager City of The Colony, Texas ACCEPTED: ____________________________________ Diane Baxter 61 Agenda Item No:4.5 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: General Admin Item Type: Resolution Agenda Section: Subject: Consider and approve a Resolution of the City Council of the City of The Colony, Texas, Making Findings and Determinations Related To: The Levy of Assessments within The City of the Colony Public Improvement District No. 1 (the “District”), Completion of Public Improvements that Specially Benefit Property Within the District for which Assessments have been Levied; Ratifying Prior Actions Undertaken by the City Council Related to the District; Resolving Other Matters Related Thereto; And Providing for an Effective Date. (Maurina) Suggested Action: Attachments: Res. 2021-xxx Making Findings Related to PID.pdf 62 SECRETARY’S CERTIFICATE THE STATE OF TEXAS § § THE CITY OF THE COLONY, TEXAS COUNTY OF DENTON § I, the undersigned Secretary of the City Council (the “City Council”) of the City of The Colony, Texas (the “City”), hereby certifies as follows: 1. The Board convened at a meeting (the “Meeting”), open to the public, on January 19, 2021, and the roll was called of the members of the City Council, to-wit: JOE MCCOURRY ) MAYOR RICHARD BOYER ) MAYOR PRO TEM KIRK MIKULEC ) DEPUTY MAYOR PRO TEM BRIAN WADE ) DAVID TERRE ) COUNCIL MEMBERS PERRY SCHRAG ) JOEL MARKS ) All members of the City Council were present, except the following: ______________________, thus constituting a quorum. Whereupon among other business, the following transaction was considered and approved at such Meeting: A written: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, MAKING FINDINGS AND DETERMINATIONS RELATED TO: THE LEVY OF ASSESSMENTS WITHIN THE CITY OF THE COLONY PUBLIC IMPROVEMENT DISTRICT NO. 1 (THE "DISTRICT"), COMPLETION OF PUBLIC IMPROVEMENTS THAT SPECIALLY BENEFIT PROPERTY WITHIN THE DISTRICT FOR WHICH ASSESSMENTS HAVE BEEN LEVIED; RATIFYING PRIOR ACTIONS UNDERTAKEN BY THE CITY COUNCIL RELATED TO THE DISTRICT; RESOLVING OTHER MATTERS RELATED THERETO; AND PROVIDING FOR AN EFFECTIVE DATE. (the “Resolution”) was duly introduced for the consideration of the City Council. It was then duly moved and seconded that such Resolution be adopted; and, after due discussion, such motion, carrying with it the adoption of such Resolution, prevailed and carried by the following votes: AYES: _______ NOES: ________ 63 2 2. A true, full, and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; such Resolution has been duly recorded in the City Council’s minutes of such Meeting; the above and foregoing paragraph is a true, full, and correct excerpt from the City Council’s minutes of such Meeting pertaining to the adoption of such Resolution; the persons named in the above and foregoing paragraph are the duly chosen qualified, and acting officers and members of the City Council as indicated therein; each of the officers and members of the City Council was fully and sufficiently notified officially and personally, in advance, of the time, place, and purpose of such Meeting, and that such Resolution would be introduced and considered for adoption at such Meeting and each such officers and members consented, in advance, to the holding of such Meeting for such purpose; and such Meeting was open to the public, and public notice of the time, place, and purpose of such Meeting was given, all as required by Chapter 551, Texas Government Code, as amended. SIGNED this . ________________________________________ Tina Stewart, City Secretary 64 1775.015-1\92888.11 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2021- ____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, MAKING FINDINGS AND DETERMINATIONS RELATED TO: THE LEVY OF ASSESSMENTS WITHIN THE CITY OF THE COLONY PUBLIC IMPROVEMENT DISTRICT NO. 1 (THE "DISTRICT"), COMPLETION OF PUBLIC IMPROVEMENTS THAT SPECIALLY BENEFIT PROPERTY WITHIN THE DISTRICT FOR WHICH ASSESSMENTS HAVE BEEN LEVIED; RATIFYING PRIOR ACTIONS UNDERTAKEN BY THE CITY COUNCIL RELATED TO THE DISTRICT; RESOLVING OTHER MATTERS RELATED THERETO; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on November 8, 2011, the City Council (the “City Council”) of the City of The Colony, Texas (the “City”), in furtherance of the Development Project and after holding a public hearing as required by law, approved Ordinance No. 2011-1926 designating Reinvestment Zone Number One, City of The Colony, Texas (the “Zone”) in accordance with and pursuant to Chapter 311 of the Texas Tax Code, as amended (the “TIF Act”), creating a board of directors for the Zone (the “Zone Board”) as required by the TIF Act, and creating and establishing the tax increment fund, including subaccounts, necessary and convenient to carry out the purposes of the Final Project and Financing Plan (defined below) in accordance with the TIF Act; and WHEREAS, on November 8, 2011, the City Council approved Resolution No. 2011-075 authorizing the creation of The Colony Local Development Corporation (the “LGC Corporation”, and together with the City, The Colony Economic Development Corporation (the “Type A Corporation”) and The Colony Community Development Corporation (the “Type B Corporation”), they are referred to collectively as the “City Entities”) under Subchapter D of Chapter 431 of the Texas Transportation Code, as amended, to aid, assist, and act for and on behalf of the City in the management of the Zone and the implementation of the Final Project and Financing Plan (defined below); and WHEREAS, on October 8, 2012, the City Council approved Resolution No. 2012-073 creating The Colony Public Improvement District No. 1 (the “District”) pursuant to Chapter 372, Texas Local Government Code, as amended (the “PID Act”), to include all of the property within the Zone for the purpose of financing certain public improvements that specially benefit the property within the District; and WHEREAS on February 7, 2013, the City Council approved Ordinance No. 2013-1992 (the “2013 Assessment Ordinance”) approving a service and assessment plan for the District (the “Service and Assessment Plan”) and levying an assessment (the “2013 Facility Public Improvement Assessment”) against the Facility Property (as defined in the Original Service and Assessment Plan) for a portion of the costs of certain public improvements (the “2013 Public Improvements”) based on the special benefit conferred by the 2013 Public Improvements to the Facility Property; and 65 1775.015-1\92888.11 Page 2 WHEREAS, the 2013 Assessment Ordinance deferred levying an assessment (the “2013 Related Development Deferred Assessment”) for the portion of the costs of the 2013 Public Improvements based on the special benefit conferred by the 2013 Public Improvements to the Related Development Property (as defined in the Service and Assessment Plan) and deferred levying an assessment for Related Development Public Improvements (as defined in the Service and Assessment Plan); and WHEREAS, on February 7, 2013, the City Council approved Resolution 2013-008 approving the issue and sale by the LGC Corporation of $106,850,000 “The Colony Local Development Corporation Sales Tax Increment Contract Revenue Bonds, Series 2013A” (the “2013A LGC Sales Tax Bonds”), $19,515,000 “The Colony Local Development Corporation Tax Increment Contract Revenue Bonds, Series 2013, (Nebraska Furniture Mart Texas Project Infrastructure Bonds)” (the “2013 LGC Tax Bonds”) and $15,875,000 “The Colony Local Development Corporation Sales Tax Increment Contract Revenue Bonds, Series 2013, (Nebraska Furniture Mart Texas Project Infrastructure Bonds)” (the “2013 LGC Sales Tax Bonds”) to finance certain TIF Projects and TIF Project Costs (each as defined in the Final Project and Financing Plan); and WHEREAS, on February 7, 2013, the City Council approved Resolution 2013-009 approving the issue and sale by the Type A Corporation of $29,580,000 “The Colony Economic Development Corporation Sales Tax Revenue Bonds, Series 2013, (Nebraska Furniture Mart Texas Project Infrastructure Bonds)” (the “2013 Type A Bonds”) to finance certain Project Costs (as defined in the Type A Performance Agreement); and, WHEREAS, on February 7, 2013, the City Council approved Resolution 2013-010 approving the issue and sale by the Type B Corporation of $29,580,000 “The Colony Community Development Corporation Sales Tax Revenue Bonds, Series 2013, (Nebraska Furniture Mart Texas Project Infrastructure Bonds)” (the “2013 Type B Bonds”, and together with the 2013 LGC Sales Tax Bonds, 2013 LGC Tax Bonds, and 2013 Type A Bonds, are referred to collectively as the “2013 Project Infrastructure Bonds”); and WHEREAS, each series of the 2013 Project Infrastructure Bonds is secured by a primary source of revenue derived from the collection of City Tax Increment and County Tax Increment (in the case of the 2013 LGC Tax Bonds), the City Sales Tax Increment (in the case of the 2013 LGC Sales Tax Bonds), the Type A Sales Tax (in the case of the 2013 Type A Bonds), and the Type B Sales Tax (in the case of the 2013 Type B Bonds); and, each series of 2013 Project Infrastructure Bonds is additionally secured on a pro-rata basis by the 2013 Facility Public Improvement Assessment in the event the primary security is insufficient to pay debt service; and WHEREAS, in connection with each series of 2013 Project Infrastructure Bonds the City entered into: (1) the “City of The Colony Public Improvement District No. 1 Reimbursement Agreement” relating to 2013 LGC Sales Tax Bonds (the “2013 LGC Sales Tax Bonds Reimbursement Agreement”) by and between the City and the LGC Corporation, effective as of February 7, 2013; (2) the “City of The Colony Public Improvement District No. 1 Reimbursement Agreement” relating to 2013 LGC Tax Bonds (the “2013 LGC Tax Bonds Reimbursement Agreement”) by and between the City and the LGC Corporation, effective as of 66 1775.015-1\92888.11 Page 3 February 7, 2013; (3) the “City of The Colony Public Improvement District No. 1 Reimbursement Agreement” relating to 2013 Type A Bonds (the “2013 Type A Bonds Reimbursement Agreement”) by and between the City and the Type A Corporation, effective as of February 7, 2013, and (4) the “City of The Colony Public Improvement District No. 1 Reimbursement Agreement” relating to 2013 Type B Bonds (the “2013 Type B Bonds Reimbursement Agreement”, and together with the 2013 LGC Sales Tax Bonds Reimbursement Agreement, 2013 LGC Tax Bonds Reimbursement Agreement and the 2013 Type A Bonds Reimbursement Agreement, referred to collectively, the “2013 Reimbursement Agreements”) by and between the City and the Type B Corporation, effective as of February 7, 2013, under which the City agrees in the event of a Debt Service Shortfall (as defined therein) to bill and collect, on a semi-annual basis, the pro-rata portion of the 2013 Facility Public Improvement Assessment allocated to each series of 2013 Project Infrastructure Bonds; and, the City further pledges to transfer to the LGC Corporation, Type A Corporation, and Type B Corporation, as applicable, the funds from the PID Operating Account (as defined in the 2013 Reimbursement Agreements) for the purpose of paying debt service on the respective series of 2013 Project Infrastructure Bonds; and WHEREAS, all of the Public Improvements and Private Improvements (as defined in the Final Project and Financing Plan) for which the 2013 Project Infrastructure Bonds were issued, and which include the 2013 Public Improvements for which the 2013 Facility Public Improvement Assessment was levied, (collectively, the “2013 Bond Projects”) have been constructed and all proceeds from the 2013 Project Infrastructure Bonds have been expended; and WHEREAS, the City has updated the Service and Assessment Plan and has levied assessments (the “Annual Additional Facility Assessments”) against the Facility Property (as defined in the Service and Assessment Plan) for additional public improvements (the “Additional Facility Public Improvements”) benefitting the Facility Property: and, the City has levied assessments (the “Annual Related Development Assessments”) against the Related Development Property (as defined in the Service and Assessment Plan) for public improvements (the “Related Development Public Improvements”) benefitting the Related Development Property; and WHEREAS, as of the date of this Resolution, no Private Debt has been issued and no "super retail store" (as described in Section 3.5 of the Development and Tax Increment Payment Agreement) has been opened. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THAT: SECTION 1. The findings set forth above are incorporated into the body of this Resolution as if fully set forth herein. SECTION 2. Capitalized terms not otherwise defined in this Section 5 shall have the meanings given to them in the Service and Assessment Plan. The City Council hereby makes the following findings and determinations regarding the District: 67 1775.015-1\92888.11 Page 4 (a) The Assessments levied against the Facility Property and Related Development Property, the Semi-Annual Installments of the Assessments that have been paid, the current outstanding principal amount of such Assessments, and the remaining capacity to levy future Assessments against the Facility Property and Related Development Property as shown on Exhibit A are true and correct; and (b) The 2013 Public Improvements for which the 2013 Facility Public Improvement Assessment was levied, and the 2013 Related Development Deferred Assessment was deferred have been completed and accepted by the City. SECTION 3. The City Council hereby ratifies and confirms all actions taken by the City Council related to the District, including without limitation, the allocation of costs and special benefit related to the 2013 Public Improvements, the levy of the 2013 Facility Public Improvement Assessment, the deferral of the 2013 Related Development Deferred Assessment, the levy of the Additional Facility Assessments and the findings and determinations made in each of the ordinances related to such levies, and the levy of the Annual Related Development Assessments and the findings and determinations made in each of the ordinances related to such levies. SECTION 4. If any section, article paragraph, sentence, clause, phrase or word in this Resolution, or application thereto to any persons or circumstances, is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this Resolution; and the City hereby declares it would have passed such remaining portions of this Resolution despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 8. This Resolution shall become effective immediately upon passage. [Remainder of page left blank intentionally.] 68 1775.015-1\92888.11 PASSED AND APPROVED by the City Council of the City of The Colony, Texas, this _______________, 2021. Joe McCourry, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeffrey L. Moore, City Attorney 69 EXHIBIT A 1775.015-1\92888.11 SUMMARY OF ASSESSMENTS AGAINST FACILITY PROPERTY 2013 Assessment Levied Against Facility Property: $ 83,400,000 Total 2013 Assessment against Facility Property Outstanding as of 12/31/2020: $ 80,646,887 Annual Assessments Levied against Facility Property as of 12/31/2020: $ 4,703,571 Total Outstanding Annual Assessments levied against Facility Property as of 12/31/2020: $ 570,668 Total Outstanding Assessment Against Facility Property as of 12/31/2020(1) $ 81,217,555 (1) Amount shown is calculated based on the outstanding par amount of the 2013 Project Infrastructure Bonds as of December 31, 2020 and includes the 2020 Annual Assessment levied against the Facility Property for Additional Facility Improvements that is due on or before January 31, 2021. Amount shown is not reduced by the $3,759,788 in semi-annual installments that have been billed to the landowner of the Facility Property and paid in full under the terms of the Service and Assessment Plan and the 2013 LGC Sales Tax Bonds Reimbursement Agreement for the purpose of paying Debt Service Shortfalls for the 2013 LGC Sales Tax Bonds in the years 2017, 2018 and 2019. Under the terms of the Service and Assessment Plan and the 2013 LGC Sales Tax Bonds Reimbursement Agreement, the payments of such semi- annual installments do not reduce the outstanding assessments. SUMMARY OF ASSESSMENTS AGAINST RELATED DEVELOPMENT PROPERTY Annual Related Development Assessments Levied Against Related Development Property as of 12/31/2020: $ 3,065,738.95 Total Outstanding Annual Assessments levied against Related Development Property as of 12/31/2020(1) $ 490,441.03 (1) Does not include the 2013 Related Development Deferred Assessment in the amount of $11,400,000 which, as of 12/31/2020, the City has not levied against the Related Development Property. 70 Agenda Item No:4.6 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: General Admin Item Type: Ordinance Agenda Section: Subject: Consider and Adopt an Ordinance of the City Council of The City of The Colony, Texas, Related to The City of The Colony Public Improvement District No. 1; Approving an Amended and Restated Service and Assessment Plan for the District, Including Assessment Roll; Ratifying and Confirming Prior Actions Related to the District; Providing Findings and Determinations by and Related to the District; Providing a Severability Clause; and Providing for an Effective Date. (Maurina) Suggested Action: Attachments: Ord. 2021-xxxx Approving Service and Assessment Plan.pdf 71 1775.015-1\94227.2 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2021- AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, RELATED TO THE CITY OF THE COLONY PUBLIC IMPROVEMENT DISTRICT NO. 1; APPROVING AN AMENDED AND RESTATED SERVICE AND ASSESSMENT PLAN FOR THE DISTRICT, INCLUDING ASSESSMENT ROLL; RATIFYING AND CONFIRMING PRIOR ACTIONS RELATED TO THE DISTRICT; PROVIDING FINDINGS AND DETERMINATIONS BY AND RELATED TO THE DISTRICT; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Chapter 372 of the Texas Local Government Code (hereinafter referred to as the “Act”) authorize the City of The Colony, Texas, to create a public improvement district within the City of The Colony, Texas; and WHEREAS, on Monday, September 17, 2012, there was presented to the City of The Colony, Texas (the “City”) a petition (the “Petition”) requesting the establishment of a public improvement district (hereinafter referred to as the “District”) within the City pursuant to Chapter 372 of the Texas Local Government Code, as amended; and WHEREAS, on Tuesday, September 18, 2012, the City Council for the City approved Resolution No. 2012-067, ordering a public hearing for October 8, 2012 (the “Creation Public Hearing”), to consider a resolution creating the District; and WHEREAS, on or before September 22, 2012, the City Secretary mailed and caused to be published notice of the Creation Public Hearing as required by the Act, which date was before the 15th day before the date of the Creation Public Hearing; and WHEREAS, after mailing, publishing, and otherwise providing all notices of the Creation Public Hearing as required by the Act and state law, the City Council conducted the Creation Public Hearing on October 8, 2012, at the time and place and for the purposes set forth in the notices; and WHEREAS, Owner appeared at the Creation Public Hearing by its representative and affirmed Owner’s request to create the District; and WHEREAS, no one appeared at the Creation Public Hearing in opposition to the creation of the District; and WHEREAS, after all persons having an interest in the District were given an opportunity to be heard in support of or in opposition to the creation of the District, the City Council closed the Creation Public Hearing on October 8, 2012, and by a majority vote of all members of the City Council adopted and approved Resolution No. 2012-073 (the “Creation Resolution”)creating the District; and 72 1775.015-1\94227.2 WHEREAS, on October 9, 2012, the City Secretary caused notice of the Creation Resolution to be published as required by the Act; whereupon the creation of the District took effect as provided by the Act; and WHEREAS, on December 11, 2012, the City Council adopted and approved Resolution No. 2012-100; determining the total cost of the proposed Public Improvements based on the PUBLIC IMPROVEMENTS REPORTS, The City of The Colony Public Improvement District No. 1, The Colony, Texas, dated November 30, 2012, prepared Graham Associates, Inc. (the “Official Report”); accepting for review the City of The Colony Public Improvement District No. 1 PRELIMINARY Service and Assessment Plan (the “Preliminary Service and Assessment Plan”); directing that the Preliminary Service and Assessment Plan be filed with the City Secretary and made available for public inspection; calling a public hearing for January 15, 2013 (the “2013 Assessment Public Hearing”) to consider the levy of assessments (the “2013 Facility Public Improvement Assessment”) against the Facility Property (defined in the Service and Assessment Plan) to pay for public improvements (the “2013 Public Improvements”); and authorizing and directing the City Secretary to mail, publish, and otherwise provide notices of the 2013 Assessment Public Hearing as required by the Act and state law; and WHEREAS, on or before December 17, 2012, the City Secretary mailed and caused to be published notice of the 2013 Assessment Public Hearing as required by the Act, which date was before the 10th day before the date of the 2013 Assessment Public Hearing, and WHEREAS, after mailing, publishing and otherwise providing all notices of the 2013 Assessment Public Hearing as required by the Act and state law, the City Council conducted the 2013 Assessment Public Hearing on January 15, 2013, at the time and place and for the purposes set forth in the notices; and WHEREAS, on January 15, 2013, the City Council conducted the 2013 Assessment Public Hearing and approved a motion to continue the Assessment Public Hearing to February 7, 2013; and WHEREAS, the City Council continued the 2013 Assessment Hearing on February 7, 2013 and after all persons having an interest in the levy of special assessments against the Facility Property within the District were given an opportunity to be heard in support of or in opposition to the 2013 Facility Public Improvement Assessment, the City Council closed the 2013 Assessment Hearing on February 7, 2013; and WHEREAS, on February 7, 2013, the City Council approved Ordinance No. 2013-1992 (the “2013 Assessment Ordinance”) approving a service and assessment plan for the District (the “Original Service and Assessment Plan”) and levying the 2013 Facility Public Improvement Assessment against the Facility Property for a portion of the costs of the 2013 Public Improvements based on the special benefit conferred by the 2013 Public Improvements to the Facility Property; and WHEREAS, since approving the 2013 Assessment Ordinance, the City has approved annual updates to the Original Service and Assessment Plan and, after providing notice and holding public hearings as required by the Act and state law, the City levied additional special assessments (the “Additional Facility Assessments”) each year to finance additional public improvements (the “Additional Facility Public Improvements”) for the benefit of the Facility Property and levied 73 1775.015-1\94227.2 additional special assessments (the “Annual Related Development Assessments”) each year to finance public improvements (the “Annual Related Development Improvements”) for the benefit of the Related Development Property (as defined in the Service and Assessment Plan); and WHEREAS, the City wishes to approve the City of The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan, attached hereto as Exhibit A and incorporated herein for all purposes, to amend and restate the Original Service and Assessment Plan and to replace the Original Service and Assessment, as updated by all annual service plan updates approved to date, in its entirety; and WHEREAS, the City Council finds that it is in the best interest of the City to make certain findings and determinations related to the District, the special assessments levied against property within the District, and to confirm and ratify prior actions relating to the District; and WHEREAS, the City Council has determined that it promotes the interests of the City to adopt and approve this Ordinance. NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THAT: SECTION 1. The recitals set forth in the WHEREAS clauses of this Ordinance are true and correct, are part of this Ordinance for all purposes, and constitute findings and determinations of the City Council acting in its discretionary, legislative capacity. SECTION 2. Unless otherwise defined in this Ordinance, capitalized terms used in this Ordinance shall have the meanings given to them in the Service and Assessment Plan. SECTION 3. The City Council has investigated and determined and hereby ratifies and confirms that: 3.1 The Public Improvements, including specifically the 2013 Public Improvements, the Additional Facility Public Improvements and the Annual Related Development Improvements, set forth in and more particularly described in the Service and Assessment Plan, are authorized by the Act, promote the interests of the City, and confer a special benefit on the Facility Property and the Related Development Property as described in the Service and Assessment Plan; 3.2 All 2013 Public Improvements for which the 2013 Facility Public Improvement Assessment was levied have been completed and accepted by the City; 3.3 The Assessments levied against the Facility Property and the Related Development Property: (i) are just and equitable; (ii) produce substantial equality, considering the benefits received and the burdens imposed; (iii) result in imposing equal shares of the cost of the Public Improvements on property within the District that is similarly benefitted; and (iv) are authorized by and have been levied in accordance with the Act, state law, City Charter, and the ordinances of the City; 3.4 For the avoidance of doubt, the “Waterfront Property” and the “Boardwalk Property” referenced in Annual Service Plan Updates approved prior to the adoption of this Ordinance are portions of the Related Development Property; 74 1775.015-1\94227.2 3.5 All prerequisites to the fixing of liens related to the Assessments against the Facility Property and the Related Development Property, and to the personal liability of the real and true owners of the Facility Property sand the Related Development Property, whether named in this Ordinance or not, have been in all things regularly and duly performed in compliance with the Act and all other applicable laws, ordinances, regulations, procedures, and policies; 3.6 The Assessments levied against the Facility Property and the Related Development Property are in amounts required to pay the cost of the Public Improvements; 3.7 The deferral of the 2013 Related Development Deferred Assessment in the amount of $11,400,000.00 that was deferred under the 2013 Assessment Ordinance is hereby restated and shall be deferred until the development of the Related Development Property is certified as complete by the owner; whereupon, the City Council may levy the 2013 Related Development Deferred Assessment in accordance with the Act; 3.8 The Assessments levied against the Facility Property and Related Development Property, the Semi-Annual Installments of the Assessments that have been paid, the current outstanding principal amount of such Assessments, and the remaining capacity to levy future Assessments against the Facility Property and Related Development Property as stated in Section 5 of the Service and Assessment Plan and summarized on Exhibit B are true and correct; and are hereby ratified and confirmed; and 3.9 The outstanding Assessments levied against the benefitted property within the District and the amount of additional special assessments that may be levied in the future for “Facility Improvements Costs” and “Related improvement Costs” stated in the Service and Assessment Plan are hereby confirmed and approved; 3.10 The allocation of the 2013 Public Improvements Cost against the Facility Property ($83,400,000 for the special benefit to the Facility Property for which the 2013 Facility Public Improvement Assessment was levied) and Related Development Property ($11,400,000.00 for the benefit to the Related Development Property for which the 2013 Related Development Deferred Assessment has been deferred) approved by the 2013 Assessment Ordinance and the Original Service and Assessment Plan is hereby ratified and confirmed; 3.11 The actual costs for the 2013 Public Improvements exceeded the estimated 2013 Public Improvements Cost of $94,800,000.00 described in the Original Service and Assessment Plan, the 2013 Official Report and the 2013 Special Benefits Analysis. 3.12 If the 2013 Related Development Deferred Assessment in the amount of $11,400,000 is levied it shall be counted against the $150,000,000 cap for “Related improvement Costs” established by the Creation Resolution; and 3.13 All actions taken by the City Council in connection with the District have been taken and performed in accordance with the Act, state law, and the City Charter and ordinances of the City and in a regular, proper, and valid manner. 75 1775.015-1\94227.2 SECTION 3. The Service and Assessment Plan, a copy of which is attached hereto as Exhibit A and is incorporated herein for all purposes (as the same may be updated, from time to time, the “Service and Assessment Plan”) is hereby approved by the City Council as the “service plan,” “assessment plan,” and “assessment roll” for the District and replaces the Original Service and Assessment Plan and all Annual Service Plan Updates approved prior to the date of this Ordinance in their entirety. The Service and Assessment Plan shall be updated by the City Council no less frequently than annually as required by the Act and more frequently as required by the Service and Assessment Plan. A copy of the Service and Assessment Plan, as updated from time to time, is available from the City Secretary. SECTION 4. The City (or any other person, entity, or governmental agency permitted by law) shall bill, collect, and immediately deposit Assessment Revenue into a segregated operating account, the PID Operating Account for Annual Assessments, as provided by the Service and Assessment Plan. The PID Operating Account for Annual Assessments (and the sub-accounts thereof) that has been created by the City and shall remain segregated from all other funds of the City. The City shall only use the funds in the PID Operating Account for Annual Assessments for the purposes determined by the City Council at the time the Assessments are levied. SECTION 5. This Ordinance incorporates, by reference, all provisions of the Act. In the event of any conflict between this Ordinance and the Act, the Act shall control. SECTION 6. If any provision of this Ordinance, or the application of any provision to any person or set of circumstances, is held by any court to be invalid, the remaining provisions shall be unaffected. All provisions of this Ordinance are severable for such purpose. SECTION 7. This Ordinance shall take effect effective immediately upon passage and approval by the City Council. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THIS THE 19TH DAY OF JANUARY, 2021. APPROVED: Joe McCourry, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 76 1775.015-1\94227.2 Exhibit A Amended and Restated Assessment Plan 77 The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan 1775.015‐1\92482.8 City of The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Originally approved on February 7, 2013, and updated on September 15, 2015, September 6, 2016, September 19, 2017, September 18, 2018, September 17, 2019, and September 15, 2020, and amended, restated, and consolidated on January 19, 2021. 78 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 1 1775.015‐1\92482.8 SECTION 1 INTRODUCTION Capitalized terms used in this "City of The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan" (this "Service and Assessment Plan") shall have the meanings set forth in Section 2. Unless otherwise defined, all references to "Section" mean a section of this Service and Assessment Plan, and all references to "Exhibit" mean an exhibit to this Service and Assessment Plan. 1.1 On October 8, 2012, the City Council of the City of The Colony, Texas (the "City Council" and the "City") passed and approved Resolution No. 2012-073 (the "Creation Resolution") creating The Colony Public Improvement District No. 1 (the "District") pursuant to Chapter 372, Texas Local Government Code, as amended (the "Act"). The District includes within its boundaries approximately 439.12 contiguous acres located within the corporate limits of the City south of and adjacent to the Sam Rayburn Tollway (State Highway 121), north of and adjacent to Plano Parkway, and west of Spring Creek Parkway, which property is described by metes and bounds on Exhibit A and depicted on Exhibit A-1 (the "Property"). The Property lies within the boundaries of Tax Increment Reinvestment Zone Number One, City of The Colony, Texas, created by the City on November 8, 2011, by Ordinance No. 2011-1926 (the "Zone"). 1.2 In connection with the 2013 Project Infrastructure Bonds, the City approved the Original Service and Assessment Plan for the District by adopting the 2013 Assessment Ordinance on February 7, 2013. The 2013 Assessment Ordinance levied an Assessment in the amount of $83,400,000.00 (the "2013 Facility Public Improvement Assessment") against the Facility Property for the portion of the 2013 Public Improvements Cost that the City Council determined conferred a special benefit on the Facility Property. As authorized by the Act, the 2013 Assessment Ordinance deferred the assessment of the remainder of the 2013 Public Improvements Cost in the amount of $11,400,000.00 for the portion of the 2013 Public Improvements that specially benefit the Related Development Property (the "2013 Related Development Deferred Assessment") until the portion of the Related Development Property that is specially benefited by the 2013 Public Improvements could be identified. The 2013 Assessment Ordinance also deferred the assessment of the Related Development Public Improvements Cost against the Related Development Property until the portion(s) of the Related Development Property that are specially benefited by the Related Development Public Improvements could be identified. As described below, the City has levied and intends to continue levying Additional Facility Assessments against the Facility Property for costs of Additional Facility Public Improvements (that do not include the 2013 Public Improvements) and has levied Assessments against the Related Development Property for a portion of the costs of the Related Development Public Improvements (that do not include the 2013 Public Improvements). The deferral of the levy of the 2013 Related Development Deferred Assessment in the amount of $11,400,000.00 under the 2013 Assessment Ordinance is hereby restated and shall be deferred until the development of the Property is certified as complete by the owner. The City also intends to levy additional Assessments against the Related Development Property for the remaining Related Development Public Improvements Cost (that do not include the 2013 79 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 2 1775.015‐1\92482.8 Public Improvements) as portions of the Related Development Property that are specially benefited by the Related Development Public Improvements are developed. The costs of such Related Development Public Improvements and the method of allocation of such costs based on the benefit conferred by such Related Development Public Improvements will be included in future updates to this Service and Assessment plan as development progresses. 1.3 On September 15, 2015, the City adopted the 2015 Assessment Ordinance which approved the 2015 Annual Service Plan Update and levied Assessments in the aggregate amount of $1,454,992 consisting of: (i) $1,218,234.83 against the Facility Property for costs of Additional Facility Public Improvements (the "2015 Facility Assessment"), (ii) $148,428.69 for Boardwalk Public Improvement Costs (as defined in the 2015 Annual Service Plan Update) and $88,328.48 for Related Development Public Improvements Costs against the benefitted portions of the Related Development Property (collectively, the aggregate $236,757.17 amount is referred to as the "2015 Related Development Assessment"). 1.4 On September 6, 2016, the City adopted the 2016 Assessment Ordinance which approved the 2016 Annual Service Plan Update and levied Assessments in the aggregate amount of $1,162,836 consisting of: (i) $875,155.64 against the Facility Property for costs of Additional Facility Public Improvements (the "2016 Facility Assessment"), (ii) $120,673.24 for Boardwalk Public Improvement Costs (as defined in the 2016 Annual Service Plan Update) and $167,007.12 for Related Development Public Improvements Costs against the benefitted portions of the Related Development Property (collectively, the aggregate $287,681.36 amount is referred to as the "2016 Related Development Assessment"). 1.5 On September 19, 2017, the City adopted the 2017 Assessment Ordinance which approved the 2017 Annual Service Plan Update and levied Assessments in the aggregate amount of $1,531,458 consisting of: (i) $658,465 against the Facility Property for costs of Additional Facility Public Improvements (the "2017 Facility Assessment"), (ii) $402,978 for Waterfront Public Improvement Costs (as defined in the 2017 Annual Service Plan Update) and $470,015 for Related Development Public Improvements Costs against the benefitted portions of the Related Development Property (collectively, the aggregate $872,993 amount is referred to as the "2017 Related Development Assessment"). 1.6 On September 18, 2018, the City adopted the 2018 Assessment Ordinance which approved the 2018 Annual Service Plan Update and levied Assessments in the aggregate amount of $1,497,805.98 consisting of: (i) $810,379.62 against the Facility Property for costs of Additional Facility Public Improvements (the "2018 Facility Assessment"), (ii) $83,293.66 for Waterfront Public Improvement Costs (as defined in the 2018 Annual Service Plan Update) and $604,132.70 for Related Development Public Improvements Costs against the benefitted portions of the Related Development Property (collectively, the aggregate $687,426.36 amount is referred to as the "2018 Related Development Assessment"). 1.7 On September 17, 2019, the City adopted the 2019 Assessment Ordinance which approved the 2019 Annual Service Plan Update and levied Assessments in the aggregate amount of $1,061,109.02 consisting of: (i) $570,667.99 against the Facility Property for costs of 80 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 3 1775.015‐1\92482.8 Additional Facility Public Improvements (the "2019 Facility Assessment"), (ii) $49,965.50 for Waterfront Public Improvement Costs (as defined in the 2019 Annual Service Plan Update) and $440,475.53 for Related Development Public Improvements Costs against the benefitted portions of the Related Development Property (collectively, the aggregate $490,441.03 amount is referred to as the "2019 Related Development Assessment"). 1.8 On September 15, 2020, the City adopted the 2020 Assessment Ordinance which levied Assessments in the aggregate amount of $1,061,109.02 consisting of: (i) $570,667.99 against the Facility Property for costs of Additional Facility Public Improvements (the "2020 Facility Assessment"), (ii) $49,965.50 for Waterfront Public Improvement Costs (as shown in Exhibit B of the 2020 Assessment Ordinance) and $440,475.53 for Related Development Public Improvements Costs against the benefitted portions of the Related Development Property (collectively, the aggregate $490,441.03 amount is referred to as the "2020 Related Development Assessment"). 1.9 On January 19, 2021, the City approved this Amended and Restated Service and Assessment Plan for the District by adopting Ordinance No. 2021-__ (the "2021 Ordinance") which serves to amend and restate the Original Service and Assessment Plan, as the same has been updated by the 2015 through 2020 Annual Service Plan Updates, in its entirety for the purposes of updating the ongoing service plan (the “Service Plan”), the assessment plan (the “Assessment Plan”), and assessment roll (the “Assessment Roll”). 1.10 At the time the District was created, approximately 8.201 acres of the Property consisted of right-of-way of Plano Parkway and the right-of-way of the Burlington Northern Railroad. Approximately 82.09 acres of the Property was privately owned by 121 LLC (the "LLC Property"). Approximately 25.48 acres of the Property contiguous to the LLC Property was owned by The Colony Local Development Corporation, a Texas non-profit local government corporation (the "LGC Corporation" and the "LGC Property"). The remainder of the Property (the "Related Development Property") was owned in undivided interests by the LGC Corporation, The Colony Economic Development Corporation, a Texas non-profit development corporation (the "Type A Corporation"), and The Colony Community Development Corporation, a Texas non-profit development corporation (the "Type B Corporation") (collectively, the "Corporations"). The LLC Property and the LGC Property are collectively referred to as the "Facility Property", and such Facility Property is described by metes and bounds on Exhibit F. 1.11 At the time the District was created, the Property was undeveloped; and, it was contemplated that there would be constructed: (i) within the LLC Property, a mixed-use facility to include approximately 1,280,000 square feet for warehouse and distribution uses, approximately 25,000 square feet for a regional corporate headquarters, and approximately 546,000 square feet for retail sales to the general public (collectively, the "Facility"); (ii) within the LGC Property, surface and structured parking open to the public to serve the Facility (the "Facility Parking"); (iii) within the Related Development Property, additional mixed-use facilities including, but not limited to, entertainment, tourism, recreation, and convention facilities to attract tourists, visitors, and shoppers from a wide geographic region, and hotels, retail stores, concessions, restaurants, and other facilities related to the entertainment, tourism, 81 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 4 1775.015‐1\92482.8 recreation, and convention uses (collectively, the "Related Development"); and (iv) within other portions of the Property, both public improvements required to serve the Facility (the "Facility Public Improvements") and public improvements required to serve the Related Development (the "Related Development Public Improvements", and referred to collectively with the Facility Public Improvements as the "Public Improvements"). 1.12 As was anticipated under the Original Service and Assessment Plan, all right, title, and interest of the LGC Corporation in and to the LGC Property and the Facility Parking have been transferred to a private taxpayer as a contribution to the capital of the taxpayer as approved in the Bond Validation Final Judgment. As portions of the Related Development Property have been developed, all right, title, and interest of the Corporations in and to such portions of the Related Development Property have been: (i) transferred to one or more private taxpayers as contributions to the capital of the taxpayers as such portions were developed, or (ii) purchased by private taxpayers. The Corporations have retained all right, title, and interest of the undeveloped portions of the Related Development Property. The Public Improvements, and portions of the Property on which the Public Improvements are constructed, remain owned by the City or were transferred to the City by the Type A Corporation and Type B Corporation. 1.13 The Public Improvements have been or will be constructed by or on behalf of the Corporations using, in part, the net proceeds of bonds issued, from time to time, by the Corporations. Bonds issued by the LGC Corporation to pay for Public Improvements will be secured, in part, by either (i) a portion of the ad valorem tax increment resulting from development within the Zone (the "LGC Tax Bonds") or (ii) a portion of the sales and use tax increment resulting from development within the Zone (the "LGC Sales Tax Bonds"). Bonds issued by the Type A Corporation to pay for Public Improvements will be secured, in part, by a portion of the sales and use taxes collected on taxable sales and transactions within the Zone (the "Type A Bonds"). Bonds issued by the Type B Corporation to pay for Public Improvements will be secured, in part, by a portion of the sales and use taxes collected on taxable sales and transactions within the Zone (the "Type B Bonds"). LGC Tax Bonds, LGC Sales Tax Bonds, Type A Bonds, and Type B Bonds are collectively referred to as "Public Improvement Bonds." The specific tax revenue that secures any one type of Public Improvement Bonds will not secure and may not be used to pay debt service on any other type of Public Improvement Bonds. 1.14 As set forth in the Original Service and Assessment Plan, it is expected that: (i) the portion of the ad valorem tax increment revenues resulting from development within the Zone and pledged under the applicable indentures will be sufficient to pay debt service on the LGC Tax Bonds; (ii) the portion of the sales and use tax increment revenues resulting from development within the Zone and pledged under the applicable trust indentures will be sufficient to pay debt service on the LGC Sales Tax Bonds; (iii) the portion of the Type A Corporation sales and use taxes collected on taxable sales and transactions within the Zone and pledged under the applicable trust indentures will be sufficient to pay debt service on the Type A Bonds; and (iv) the portion of the Type B Corporation sales and use taxes collected on taxable sales and transactions within the Zone and pledged under the applicable trust indentures will be sufficient to pay debt service on the Type B Bonds. The Parties recognize, however, that from time to time Debt Service Shortfalls may exist for one or more series of the Public Improvement Bonds. 82 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 5 1775.015‐1\92482.8 Consequently, as additional security for a series of Public Improvement Bonds, a portion of the cost of the Facility Public Improvements have been assessed, and may be assessed in the future as described herein, against the Facility Property based on the special benefit conferred on the Facility Property by the Facility Public Improvements. The LGC Corporation has previously issued its 2013A LGC Sales Tax Bonds, 2013 LGC Sales Tax Bonds, 2013 LGC Tax Bonds and 2021 LGC Tax Refunding Bonds (refunding the 2013 LGC Tax Bonds). The Type A Corporation has issued its 2013 Type A Bonds; and, the Type B Corporation has issued its 2013 Type B Bonds. The 2013 LGC Sales Tax Bonds, 2013 LGC Tax Bonds, 2013 Type A Bonds, and 2013 Type B Bonds are referred to collectively as the "2013 Project Infrastructure Bonds". As discussed further below, the 2013 Facility Public Improvement Assessment was pledged, on a pro-rata basis (based on the par amount of each series of 2013 Project Infrastructure Bonds issued as a percentage of the total par amount of all 2013 Project Infrastructure Bonds), as additional security for each series of 2013 Project Infrastructure Bonds in the event of a Debt Service Shortfall. Assessment Revenue generated from the 2013 Facility Public Improvement Assessment, if collected by the City in the event of Debt Service Shortfall, that is pledged to pay Debt Service Shortfall for any one series of the 2013 Project Infrastructure Bonds is not pledged to pay Debt Service Shortfalls for any other series of 2013 Project Infrastructure Bonds. In connection with each series of 2013 Project Infrastructure Bonds: (i) LGC Corporation entered into the 2013 LGC Sales Tax Bonds Reimbursement Agreement and the 2013 LGC Tax Bonds Reimbursement Agreement, (ii) the Type A Corporation entered into the 2013 Type A Bonds Reimbursement Agreement, and (iii) the Type A Corporation entered into the 2013 Type B Bonds Reimbursement Agreement (such agreements are referred to collectively as the "2013 Reimbursement Agreements"). On January 19, 2021, the City issued its 2021 LGC Tax Refunding Bonds that refunded all of the outstanding 2013 LGC Tax Bonds; and, the City entered into a 2021 LGC Tax Bonds Reimbursement Agreement relating to the 2021 LGC Tax Refunding Bonds. The 2021 LGC Tax Bonds Reimbursement Agreement pledged the portion of the 2013 Facility Public Improvement Assessments previously allocated to the 2013 LGC Tax Bonds to the 2021 LGC Tax Refunding Bonds and replaced the 2013 LGC Tax Bonds Reimbursement Agreement in its entirety. Public Improvement Bonds secured in whole or in part by Assessments levied against Property in the District as additional security in the event of a Debt Service Shortfall, including the 2013 Project Infrastructure Bonds (but excluding the 2013 LGC Tax Bonds which were refunded by the 2021 LGC Tax Refunding Bonds) and the 2021 LGC Tax Refunding Bonds, are referred to collectively as "Project Infrastructure Bonds." 1.15 Assessment Revenue from the 2013 Facility Public Improvement Assessment levied against the Facility Property as additional security for any series of Project Infrastructure Bonds will be collected in the event of a Debt Service Shortfall in Semi-Annual Installments and deposited into a segregated operating account (the "PID Operating Account") created and controlled by the City as set forth in the applicable Reimbursement Agreement. Interest earned on the PID Operating Account shall be added to and become part of the PID Operating Account. If a Debt Service Shortfall is anticipated for more than one series of Project Infrastructure Bonds, a portion of the funds in the PID Operating Account shall be transferred on a pro-rata basis to separate sub-accounts corresponding to each issue of Project Infrastructure Bonds for which a Debt Service Shortfall is anticipated to occur; and, such amounts shall be paid by the City from 83 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 6 1775.015‐1\92482.8 such sub-accounts to each of the Corporations under the applicable Reimbursement Agreement to pay Debt Service Shortfalls for the applicable series of Project Infrastructure Bonds. 1.16 In the event the City issues additional Project Infrastructure Bonds secured, in part, by Assessment Revenue from assessments levied against the Facility Property or the Related Development Property for the purpose of paying a Debt Service Shortfall, such Assessment Revenue will be collected in the event of a Debt Service Shortfall in Semi-Annual Installments and deposited into a segregated sub-account of the PID Operating Account created and controlled by the City that corresponds to such series of Project Infrastructure Bonds. The City shall transfer funds from such sub-account to the applicable Corporation under a separate Reimbursement Agreement (the form of which is attached as Exhibit H) to pay Debt Service Shortfalls for the applicable series of additional Project Infrastructure Bonds; and, such funds will be pledged by the applicable Corporation as additional security for the additional Project Infrastructure Bonds. 1.17 Assessment Revenue collected by the City from Assessments levied against the Facility Property or the Related Development Property for Additional Facility Public Improvements and/or Related Development Public Improvements based on the special benefit conferred by such Additional Facility Public Improvements or the Related Development Public Improvements that is not pledged as security for any series of Project Infrastructure Bonds shall be due and payable as described in Section 4.11 below and shall be deposited into a sub-account of the PID Operating Account and used solely for the purposes determined by the City Council at the time the Assessments are levied. 1.18 In connection with the 2013 Project Infrastructure Bonds, the 2013 Assessment Ordinance levied the 2013 Facility Public Improvement Assessment against the Facility Property based on the special benefit conferred on the Facility Property by the 2013 Public Improvements. Under the terms of each respective Reimbursement Agreement relating to each series of the 2013 Project Infrastructure Bonds and the 2021 LGC Tax Refunding Bonds (which refunded the 2013 LGC Tax Bonds), the Assessment Revenue collected by the City from the 2013 Facility Public Improvement Assessment in the event of Debt Service Shortfall must be transferred to the applicable Corporation to pay Debt Service Shortfalls as set forth in each applicable Reimbursement Agreement. The portion of the Assessment Revenue from the 2013 Facility Public Improvement Assessment pledged to pay Debt Service Shortfalls for any one series of the Project Infrastructure Bonds is not be pledged to pay Debt Service Shortfalls for any other series of Project Infrastructure Bonds. As described in Sections 1.3 through 1.9 above, the City has subsequently levied: (i) the Additional Facility Assessments against the Facility Property for the Additional Facility Public Improvements, and (ii) the Annual Related Development Assessments against certain portions of the Related Development Property for a portion of the costs of the Related Development Public Improvements. 1.19 The 2013 Public Improvements fall into the following categories: (i) water, wastewater, and drainage facilities or improvements, including sanitary sewer facilities, storm water detention and retention facilities, and utility relocations related to such improvements; (ii) street and roadway improvements, including related traffic signalization, signage, sidewalks, curbs, 84 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 7 1775.015‐1\92482.8 gutters, streetscape, landscaping, drainage improvements, and utility relocations related to such street and roadway improvements; (iii) mass transit facilities; (iv) park improvements, (v) landscaping; (vi) lighting and signage; (vii) pedestrian malls; and (viii) site improvements for any of the foregoing, including, but not limited to, grading, erosion control, wetlands mitigation, and floodplain reclamation. The 2013 Public Improvements are more particularly described in the engineering report titled PUBLIC IMPROVEMENTS REPORT, The City of The Colony Public Improvement District No. 1, The Colony, Texas dated November 30, 2012, prepared by Graham Associates, Inc. (the "2013 Official Report"), a copy of which report is attached as Exhibit B. The Related Development Public Improvements fall into the same categories plus: (i) off street structured and surface parking facilities, (ii) special supplemental services for improvement and promotion of the District, including services relating to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development, recreation, and cultural enhancement; and (iii) payment of expenses incurred in the administration and operation of the District. 1.20 The "hard" and "soft" costs for the 2013 Public Improvements and the Related Development Public Improvements are estimated in the 2013 Official Report. The total cost of the 2013 Public Improvements, including an allocable portion of land cost and an allocable portion of Bond Issuance Costs, is estimated to be $94,800,000.00 (the "2013 Public Improvements Cost") as shown on Exhibit B-1. The 2013 Official Report estimates the total cost of the Related Development Public Improvements is $150,000,000.00 (the "Related Development Public Improvements Cost"). The individual line item costs shown in the 2013 Official Report and on Exhibit B-1 for each category of improvements were estimates; and, under the terms of the Original Service and Assessment Plan, such could vary between categories so long as the 2013 Public Improvements Cost did not exceed $94,800,000.00 and the costs of the Related Development Public Improvements, including the costs for which the 2013 Related Development Deferred Assessment has been deferred, does not exceed $150,000,000.00. The 2013 Public Improvements Cost and Related Development Public Improvements Cost are sometime referred to collectively as the "Public Improvements Cost." On January 19, 2021, the City approved Ordinance No. 2021-___ (the "2021 City Ordinance"), approving this Service and Assessment Plan and making certain finding and determinations related to the District. In the 2021 City Ordinance, the City Council ratified and confirmed the allocation of the 2013 Public Improvements Cost approved by the 2013 Assessment Ordinance and Original Service and Assessment Plan as follows: (1) $83,400,000 for the special benefit to the Facility Property for which the 2013 Facility Public Improvement Assessment was levied, and (2) $11,400,000.00 for the benefit to the Related Development Property for which the 2013 Related Development Deferred Assessment has been deferred. Additionally, the 2021 City Ordinance confirmed that the actual costs for the 2013 Public Improvements exceeded the estimated 2013 Public Improvements Cost of $94,800,000.00 described in the Original Service and Assessment Plan, the 2013 Official Report, and 2013 Special Benefit Analysis. 1.21 In addition to the 2013 Facility Public Improvement Assessment, the City has levied and will continue to levy Assessments (the "Additional Facility Assessments") unrelated to Project Infrastructure Bonds or the 2013 Public Improvements against the Facility Property for "Additional Facility Public Improvements" that fall into the following categories: (i) water, 85 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 8 1775.015‐1\92482.8 wastewater, and drainage facilities or improvements, including sanitary sewer facilities, storm water detention and retention facilities, and utility relocations related to such improvements; (ii) street and roadway improvements, including related traffic signalization, signage, sidewalks, curbs, gutters, streetscape, landscaping, drainage improvements, and utility relocations related to such street and roadway improvements; (iii) mass transit facilities; (iv) park improvements, (v) landscaping; (vi) lighting and signage; (vii) pedestrian malls; (viii) site improvements for any of the foregoing, including, but not limited to, grading, erosion control, wetlands mitigation, and floodplain reclamation; (ix) special supplemental services for improvement and promotion of the District, including services relating to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development, recreation, and cultural enhancement; and (x) payment of expenses incurred in the administration and operation of the District. The Additional Facility Public Improvements for which Assessments have been levied are more particularly described in the special benefits reports attached to the 2015 Annual Service Plan Update, 2016 Annual Service Plan Update, 2017 Annual Service Plan Update, 2018 Annual Service Plan Update, 2019 Annual Service Plan Update, and 2020 Annual Service Plan Update. The Additional Facility Assessments have not been and will not be pledged as security for any series of Project Infrastructure Bonds. The Creation Resolution establishes a cap on the amount of total costs for which Assessments may be levied against the Facility Property and in no event shall the total amount of Assessments levied against the Facility Property for the 2013 Public Improvements and the Additional Facility Public Improvements exceed $150,000,000. 1.22 The Act governs the process by which the Public Improvements Cost is allocated to and assessed against the Property. This process requires the preparation of an ongoing updated Service Plan, Assessment Plan, and Assessment Roll. 1.23 The Act requires the preparation, and the presentment to and review and approval by the City Council, of a Service Plan covering a period of at least five years and defining the annual indebtedness and projected costs of the Public Improvements. The Service Plan must be reviewed and updated at least annually to determine the annual budget for the Public Improvements. The Service Plan is contained in Section 3. 1.24 The Act requires the Service Plan to include an Assessment Plan. The Assessment Plan assesses the Public Improvements Cost against the Property on the basis of the special benefits conferred upon the Property by the Public Improvements. The Public Improvements Cost may be assessed in any manner that results in imposing equal shares of the cost on Parcels similarly benefited. The special benefit of the Public Improvements is being apportioned by this Service and Assessment Plan to the Property in the amount of the Public Improvements Cost. The Assessment Plan is contained in Section 4. 1.25 The Act requires the preparation of an Assessment Roll after the total Public Improvements Cost has been determined. The Assessment Roll must state the assessment against each Parcel determined by the method of assessment chosen by the City Council in the Assessment Plan. The assessment against a Parcel must be sufficient to pay the share of the Public Improvements Cost allocated to the Parcel and cannot exceed the special benefit conferred upon the Parcel. The Assessment Roll is contained in Section 5. 86 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 9 1775.015‐1\92482.8 SECTION 2 DEFINITIONS “121 LLC” is means 121 Acquisition Company, LLC, a Texas limited liability company. “2013 Assessment Ordinance” means the Ordinance No. 2013-1992 adopted by the City Council on February 7, 2013, approving the Original Service and Assessment Plan, including Assessment Roll, and levying the 2013 Facility Public Improvement Assessment. “2013 Facility Public Improvement Assessment” is defined in Section 1.2. “2013 LGC Sales Tax Bonds” means the LGC Corporation's $15,875,000 Sales Tax Increment Contract Revenue Bonds (Nebraska Furniture Mart Texas Project Infrastructure Bonds) Series 2013 secured by a portion of the sales and use tax increment resulting from development within the Zone and a pro-rata share of Assessment Revenue from the collection of the 2013 Facility Public Improvement Assessment in the event of a Debt Service Shortfall. “2013 LGC Sales Tax Bonds Reimbursement Agreement” means that certain City of the Colony Public Improvement District No. 1 Reimbursement Agreement, executed as of February 7, 2013, between the City and the LGC Corporation, relating to the 2013 LGC Sales Tax Bonds. “2013A LGC Sales Tax Bonds” means the LGC Corporation's $106,850,000 Sales Tax Increment Contract Revenue Bonds Series 2013A secured by a portion of the sales and use tax increment resulting from development within the Zone. “2013 LGC Tax Bonds” means the LGC Corporation's $19,515,000 Tax Increment Contract Revenue Bonds (Nebraska Furniture Mart Texas Project Infrastructure Bonds) Series 2013 secured by a portion of the ad valorem tax increment resulting from development within the Zone and a pro-rata share of Assessment Revenue from the collection of the 2013 Facility Public Improvement Assessment in the event of a Debt Service Shortfall. “2013 LGC Tax Bonds Reimbursement Agreement” means that certain City of the Colony Public Improvement District No. 1 Reimbursement Agreement, executed as of February 7, 2013, between the City and the LGC Corporation, relating to the 2013 LGC Tax Bonds. "2013 Official Report" is defined in Section 1.19. “2013 Project Infrastructure Bonds” means collectively the 2013 LGC Tax Bonds, the 2013 LGC Sales Tax Bonds, the 2013 Type A Bonds, and the 2013 Type B Bonds. "2013 Public Improvements" means those Facility Public Improvements described in the 2013 Official Report allocated to the Facility Property and for which the 2013 Facility Public Improvement Assessment was levied under the 2013 Assessment Ordinance. 87 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 10 1775.015‐1\92482.8 "2013 Public Improvements Cost" is defined in Section 1.20. “2013 Reimbursement Agreements” is defined in Section 1.13. “2013 Related Development Deferred Assessment” is defined in Section 1.2. "2013 Special Benefits Report" is defined in Section 4.3. “2013 Type A Bonds” means the means the Type A Corporation's $29,580,000 Sales Tax Revenue Bonds (Nebraska Furniture Mart Texas Project Infrastructure Bonds) Series 2013 secured by a portion of the sales and use taxes collected on taxable sales and transactions within the Zone and a pro-rata share of Assessment Revenue from the collection of the 2013 Facility Public Improvement Assessment in the event of a Debt Service Shortfall. “2013 Type A Bonds Reimbursement Agreement” means that certain City of the Colony Public Improvement District No. 1 Reimbursement Agreement, executed as of February 7, 2013, between the City and the Type A Corporation, relating to the 2013 Type A Bonds. “2013 Type B Bonds” means the means the means the Type B Corporation's $29,580,000 Sales Tax Revenue Bonds (Nebraska Furniture Mart Texas Project Infrastructure Bonds) Series 2013 secured by a portion of the sales and use taxes collected on taxable sales and transactions within the Zone and a pro-rata share of Assessment Revenue from the collection of the 2013 Facility Public Improvement Assessment in the event of a Debt Service Shortfall. “2013 Type B Bonds Reimbursement Agreement” means that certain City of the Colony Public Improvement District No. 1 Reimbursement Agreement, executed as of February 7, 2013, between the City and the Type A Corporation, relating to the 2013 Type B Bonds. “2015 Annual Service Plan Update” means the "City of the Colony Public Improvement District No. 1 2015/16 Annual Service and Assessment Plan" dated August 13, 2015 as amended September 14, 2015, approved by the 2015 Assessment Ordinance. “2015 Assessment Ordinance” means Ordinance No. 2015-2160 adopted by the City on September 15, 2015 approving the 2015 Annual Service Plan Update attached thereto as Exhibit C and levying the 2015 Facility Assessment and 2015 Related Development Assessments shown on the Assessment Roll attached thereto as Exhibit B. “2015 Facility Assessment” is defined in Section 1.3. “2015 Related Development Assessment” is defined in Section 1.3. “2016 Annual Service Plan Update” means the "City of the Colony Public Improvement District No. 1 2016/17 Annual Service and Assessment Plan" dated August 10, 2016 as amended August 29, 2016, approved by the 2016 Assessment Ordinance. 88 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 11 1775.015‐1\92482.8 “2016 Assessment Ordinance” means Ordinance No. 2016-2232 adopted by the City on September 6, 2016 approving the 2016 Annual Service Plan Update attached thereto as Exhibit C and levying the 2016 Facility Assessment and 2016 Related Development Assessments shown on the Assessment Roll attached thereto as Exhibit B. “2016 Facility Assessment” is defined in Section 1.4. “2016 Related Development Assessment” is defined in Section 1.4. “2017 Annual Service Plan Update” means the "City of the Colony Public Improvement District No. 1 2017/18 Annual Service and Assessment Plan" dated August 16, 2017 as amended September 11, 2017, approved by the 2017 Assessment Ordinance. “2017 Assessment Ordinance” means Ordinance No. 2017-2283 adopted by the City on September 19, 2017 approving the 2017 Annual Service Plan Update attached thereto as Exhibit C and levying the 2017 Facility Assessment and 2017 Related Development Assessments shown on the Assessment Roll attached thereto as Exhibit B. “2017 Facility Assessment” is defined in Section 1.5. “2017 Related Development Assessment” is defined in Section 1.5. “2018 Annual Service Plan Update” means the "City of the Colony Public Improvement District No. 1 2018/19 Annual Service and Assessment Plan" dated September 12, 2018 and approved by the 2018 Assessment Ordinance. “2018 Assessment Ordinance” means Ordinance No. 2018-2335 adopted by the City on September 18, 2018 approving the 2018 Annual Service Plan Update attached thereto as Exhibit C and levying the 2018 Facility Assessment and 2018 Related Development Assessments shown on the Assessment Roll attached thereto as Exhibit B. “2018 Facility Assessment” is defined in Section 1.6. “2018 Related Development Assessment” is defined in Section 1.6. “2019 Annual Service Plan Update” means the "City of the Colony Public Improvement District No. 1 2018/19 Annual Service and Assessment Plan" dated September 12, 2018 and approved by the 2018 Assessment Ordinance. “2019 Assessment Ordinance” means Ordinance No. 2019-2376 adopted by the City on September 17, 2019 approving the 2019 Annual Service Plan Update attached thereto as Exhibit C and levying the 2019 Facility Assessment and 2019 Related Development Assessments shown on the Assessment Roll attached thereto as Exhibit B. “2019 Facility Assessment” is defined in Section 1.7. 89 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 12 1775.015‐1\92482.8 “2019 Related Development Assessment” is defined in Section 1.7. “2020 Assessment Ordinance” means Ordinance No. 2020-2407 adopted by the City on September 15, 2020 levying the 2020 Facility Assessment and 2020 Related Development Assessments shown on the Assessment Roll attached thereto as Exhibit B. “2020 Facility Assessment” is defined in Section 1.8. “2020 Related Development Assessment” is defined in Section 1.8. “2021 City Ordinance” is defined in Section 1.20. “2021 LGC Tax Refunding Bonds” means the LGC Corporation's $_______ Tax Increment Contract Revenue Refunding Bonds (Nebraska Furniture Mart Texas Project) Taxable Series 2021 that refunded the 2013 LGC Tax Bonds and that are secured by a portion of the City Tax Increment and County Tax Increment (each as defined in the Final Project and Finance Plan) and a pro-rata share of Assessment Revenue from the collection of the 2013 Facility Public Improvement Assessment in the event of a Debt Service Shortfall. “2021 LGC Tax Refunding Bonds Reimbursement Agreement” means that certain City of the Colony Public Improvement District No. 1 Reimbursement Agreement, executed as of January 19, 2021, between the City and the LGC Corporation, relating to the 2021 LGC Tax Refunding Bonds that replaces the 2013 LGC Tax Bonds Reimbursement Agreement in its entirety. “2021 Ordinance” means Ordinance No. 2021-__ adopted by the City on January 19, 2021 approving this Amended and Restated Service and Assessment Plan for the District amending and restating the Original Service and Assessment Plan, as the same has been updated by the 2015 through 2020 Annual Service Plan Updates, in its entirety. “Act” is defined in Section 1.1. “Additional Facility Assessments” is defined in Section 1.21. “Additional Facility Public Improvements” is defined in Section 1.21. “Annual Related Development Assessments” means, collectively, the 2015 Related Development Assessment, the 2016 Related Development Assessment, 2017 Related Development Assessment, 2018 Related Development Assessment, 2019 Related Development Assessment, and 2020 Related Development Assessment; and, such term shall include any future Assessment levied by the City for the Related Development Public Improvements Cost that is not pledged as security for any series of Project Infrastructure Bonds. “Annual Service Plan Update” means an update to this Amended and Restated Service and Assessment Plan prepared no less frequently than annually by the Administrator and approved by the City Council. 90 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 13 1775.015‐1\92482.8 “Administrator” means any person or entity designated by the City Council to perform the obligations of the Administrator under this Service and Assessment Plan. “Assessment” means, for a Parcel, the portion of the Public Improvements Cost allocated to and assessed against the Parcel based on the special benefit conferred on the Parcel by the Public Improvements. “Assessment Plan” is defined in Section 1.9. “Assessment Roll” is defined in Section 1.9. “Assessment Revenue” means the revenues (excluding Semi-Annual District Expenses) received by the City from: (i) the payment of Assessments that are pledged as additional security for any series of Project Infrastructure Bonds that is collected in Semi-Annual Installments in the event of a Debt Service Shortfall; and (ii) the payment of Assessments levied for Additional Facility Public Improvements and/or Related Development Public Improvements that are not pledged as additional security for any series of Project Infrastructure Bonds and that are collected in accordance with this Service and Assessment Plan. "Bond Issuance Costs" mean the costs and expenses paid or incurred by the Corporations to issue the Project Infrastructure Bonds including, but not limited to, capitalized interest, debt service reserve funds, and other customary cost of costs of issuance. "Bond Validation Final Judgment" means the "Final Judgment" entered January 18, 2012, in Ex Parte City of The Colony filed by the City of The Colony, Texas, pursuant to Chapter 1205, Texas Government Code, in the 53rd Judicial District Court of Travis County, Texas, Cause No. 0-1-GV-11-001995. "City" is defined in Section 1.1. “City Council” is defined in Section 1.1. "Corporations" are defined in Section 1.10. “Creation Resolution” is defined in Section 1.1. "Debt Service Shortfall" means, for any issue of Project Infrastructure Bonds, the amount by which the debt service requirements for any payment date for any issue exceeds the sum of (i) capitalized interest available to pay debt service requirements on any payment date for such Project Infrastructure Bonds, (ii) the specific tax revenues collected and available for debt service under the applicable trust indentures for such Project Infrastructure Bonds, and (iii) any additional lawfully available funds made available to the trustee under the applicable trust indentures for such Project Infrastructure Bonds to pay debt service as of the applicable Semi- Annual Calculation Date. “Delinquent Collection Costs” mean, for a Parcel, interest, penalties and attorneys’ fees that are authorized by the Act and that directly or indirectly relate to the collection of delinquent Assessments, Semi-Annual Installments and any other delinquent payments due under this 91 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 14 1775.015‐1\92482.8 Service and Assessment Plan with respect to such Parcel, including costs and expenses related to the foreclosure of liens. "District" is defined in Section 1.1. "Facility" is defined in Section 1.11. "Facility Parking" is defined in Section 1.11. "Facility Property" is defined in Section 1.10. "Facility Public Improvements" are defined in Section 1.11. "LGC Corporation" is defined in Section 1.10. "LGC Property" is defined in Section 1.10. "LGC Sales Tax Bonds" are defined in Section 1.13. "LGC Tax Bonds" are defined in Section 1.13. “LGC Tax Bonds Reimbursement Agreement” is defined in Section 1.14. "LLC Property" is defined in Section 1.10. “Original Service and Assessment Plan” means the City of The Colony Public Improvement District No. 1 Service and Assessment Plan, dated February 7, 2013, approved by the 2013 Assessment Ordinance. “Parcel” means a parcel or tract of land within the District that is identified by (i) a metes and bounds description, (ii) a tax map identification number assigned by the Denton County Appraisal District for real property tax purposes, or (iii) a lot and block number shown on a final subdivision plat recorded in the real property records of Denton County, Texas. "PID Operating Account" is defined in Section 1.15. “Prepayment Costs” mean expenses paid or incurred by the City in connection with the prepayment of an Assessment; provided, however, that such term does not include any unpaid interest on any Project Infrastructure Bonds to be redeemed from monies received from the prepayment of an Assessment that accrues between the time of prepayment and the redemption date of such Project Infrastructure Bonds to be redeemed. “Project Infrastructure Bonds” is defined in Section 1.14. “Property” is defined in Section 1.1. "Public Improvements" are defined in Section 1.11. "Public Improvement Bonds" are defined in Section 1.13. "Public Improvements Cost" is defined in Section 1.20. 92 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 15 1775.015‐1\92482.8 "Reimbursement Agreement" means a reimbursement agreement related to a series of Project Infrastructure Bonds entered into by the City and each of the Corporations in substantially the form of Exhibit H that sets forth the calculation of a Debt Service Shortfall and the collection and transfer of the Assessments pledged as security for the related Project Infrastructure Bonds. "Related Development" is defined in Section 1.11. "Related Development Property" is defined in Section 1.10. "Related Development Public Improvements" are defined in Section 1.11. "Related Development Public Improvements Cost" is defined in Section 1.20. "Semi-Annual Administrative Costs" mean the actual or estimated costs paid or incurred in connection with the administration and operation of the District that may be paid from the additional interest authorized by Section 372.018(a) of the Act including, but not limited to: (i) an amount to pay Prepayment Costs; (ii) an amount equal to the amount by which Semi-Annual Collection Costs paid or incurred exceed Semi-Annual Collection Costs collected; and (iii) an amount to pay Public Improvements Cost under circumstances determined appropriate by the City Council. "Semi-Annual Billing Date" is defined in Section 4.10. "Semi-Annual Calculation Date" is defined in Section 4.10. “Semi-Annual Collection Costs” mean the actual or estimated costs (including reasonable attorneys’ fees) paid or incurred in connection with: (i) the preparation of Service Plan Updates and the resulting adjustments, if any, to Assessments or Semi-Annual Installments; (ii) the computation, collection, and application of payments of Assessments and Semi-Annual Installments and any other payments related thereto; (iii) the performance of any duties or obligations imposed by this Service and Assessment Plan related to the computation, collection, and application of payments of Assessments and Semi-Annual Installments and any other related payments, including payment of any fees charged by the Administrator, or related to the use of any of the foregoing payments to pay Public Improvements Cost; and (iv) maintaining books and records with respect to the foregoing. "Semi-Annual District Expenses" means the sum of Semi-Annual Administrative Costs, Semi- Annual Collection Costs, and Delinquent Collection Costs. “Semi-Annual Installment” means the amount of an Assessment against a Parcel collected in semi-annual installment payments each of which is the sum of: (i) all Debt Service Shortfalls for any outstanding Project Infrastructure Bonds, which amount may be zero; plus (ii) Semi-Annual Collection Costs allocated to the Parcel; plus (iii) Delinquent Collection Costs attributable to the Parcel; plus (iv) any additional interest authorized by Section 372.018(a) of the Act allocated to the Parcel. 93 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 16 1775.015‐1\92482.8 “Service and Assessment Plan” means this Amended and Restated City of The Colony Public Improvement District No. 1 Service and Assessment Plan, dated January 19, 2021, as amended and updated. “Service Plan” is defined in Section 1.9. “Service Plan Update” is defined in Section 3.1. “Type A Bonds” are defined in Section 1.13. “Type A Corporation” is defined in Section 1.10. “Type B Bonds” are defined in Section 1.13. “Type B Corporation” is defined in Section 1.10. “Zone” is defined in Section 1.1. SECTION 3 SERVICE PLAN 3.1 This Section 3 is the Service Plan for the District. This Service Plan covers a period of at least five years beginning with calendar year 2021 and sets forth the projected cost and annual indebtedness for: (i) the Facility Public Improvements, consisting of (A) the 2013 Public Improvements and (B) the Additional Facility Public Improvements; and (ii) the Related Development Public Improvements. The Service Plan shall be reviewed and updated at least annually for the purpose of determining the annual budget for the Facility Public Improvements and Related Development Public Improvements (each such update, a “Service Plan Update”). 3.2 The 2021 City Ordinance confirmed: (1) the 2013 Public Improvements for which the 2013 Facility Public Improvement Assessment was levied and for which the 2013 Related Development Deferred Assessment has been deferred have been constructed and accepted by the City, and (2) the actual costs for the 2013 Public Improvements exceeded the estimated 2013 Public Improvements Cost of $94,800,000.00 originally estimated in the Original Service and Assessment Plan.. The projected costs for the Additional Facility Public Improvements and the Related Development Public Improvements Cost for the next five years are shown on Exhibit C. 3.3 The five-year projection of annual indebtedness for the 2013 Public Improvements Cost is shown on Exhibit D. The annual indebtedness for the 2013 Public Improvements Cost in any given year is the sum of the Semi-Annual Installments for the Project Infrastructure Bonds for the year. The annual indebtedness for the Additional Facility Public Improvements and the Related Development Public Improvements is the Additional Facility Assessment and Annual Related Development Assessments the City has levied or expects to levy for each year shown. The five-year projection of annual indebtedness for the Additional Facility Public Improvements and the Related Development Public Improvements Cost is shown on Exhibit D-1. The principal amount of any Assessment may be reduced but not increased. Semi-Annual District Expenses 94 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 17 1775.015‐1\92482.8 may be reduced or increased. All adjustments to Assessments shall be reflected in each Service Plan Update. Pursuant to the Creation Resolution, the costs for Facility Public Improvements, including land costs, for which Assessments may be levied may not exceed $150,000,000 and the costs for Related Development Public Improvements for which Assessments may be levied may not exceed $150,000,000. Based on the 2013 Facility Public Improvement Assessment and the Additional Facility Assessments that have been levied to date, the maximum costs for Additional Facility Public Improvements for which Assessments may be levied in the future is $61,896,428.93. Based on the Annual Related Development Assessments that have been levied to date, the maximum costs for Related Development Public Improvements for which Assessments may be levied in the future is $146,934,261.05 (which total includes the deferred levy of $11,400,000.00 for the portion of the 2013 Public Improvements Cost allocated to the Related Development Property). SECTION 4 ASSESSMENT PLAN 4.1 Method of Assessment. This Section 4 is the Assessment Plan for the District. This Assessment Plan apportions the Public Improvements Cost to be assessed on the basis of the special benefits conferred on the Facility Property and the Related Development Property by the Public Improvements. The Act provides that the Public Improvements Cost may be assessed equally per front foot or square foot (with or without regard to the value of improvements constructed on the land) or in any other manner that results in imposing equal shares of the cost on property similarly benefited. 4.2 Best and Highest Use. Based on: (i) the size and location of the Property within the corporate limits of the City; (ii) the lack of public infrastructure to serve development of the Property; (iii) the proximity of the Property to public roadways and water and sewer facilities; (iv) the proximity of the Property to population and employment centers; (v) the scope and economic impact of the Facility, Facility Parking, and Related Development on the City, Denton County; and the north Texas region; (vi) existing and projected land uses in the vicinity of the Property; (vii) projected growth in the greater Dallas metropolitan area and, in particular, along the State Highway 121 corridor; and (viii) the quality of the proposed development within the Property, the City Council has determined that: (A) the best and highest use of the Property is for the development of the Facility, Facility Parking, and Related Development; (B) achieving the best and highest use of the Property requires the Public Improvements; (C) without the Public Improvements the Property will not be developed to its best and highest use; (D) the establishment of the District provides an effective means of funding the Public Improvements to achieve the best and highest use for the Property without financial burden to the City; and (E) the Public Improvements will promote the interests of the City and confer a special benefit on the Property. 4.3 2013 Public Improvements Cost. The City Council has received, reviewed, and approved that certain SPECIAL BENEFITS REPORT, The City of The Colony Public Improvement District No. 1, The Colony, Texas dated November 30, 2012, prepared by Graham Associates, 95 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 18 1775.015‐1\92482.8 Inc., a copy of which is attached as Exhibit E (the “2013 Special Benefits Report”). 4.3.1 Based on the 2013 Special Benefits Report, the City Council has determined that $83,400,000.00 of the 2013 Public Improvements Cost should be allocated to and assessed against the Facility Property as shown on Exhibit E-1 attached hereto. The City Council has further determined, based on the 2013 Special Benefits Report, that the special benefit conferred on the Facility Property is uniform by area; therefore, the Facility Property should be assessed $775,309.10 per gross acre. The individual line item costs shown in the 2013 Special Benefits Report and on Exhibit E-1 for each category of improvements are estimates and may vary item-to-item so long as the 2013 Public Improvements Cost does not exceed $94,800,000.00. 4.3.2 Based on the 2013 Special Benefits Report, the City Council determined that $11,400,000.00 of the 2013 Public Improvements Cost should be allocated to and assessed against the Related Development Property as shown on Exhibit E-1 attached hereto. As of the date of this Service and Assessment Plan, the Related Development Property, or portions thereof, that will be specially benefited by the 2013 Public Improvements is not known with sufficient certainty; and, the deferral of the 2013 Related Development Deferred Assessment in the amount of $11,400,000.00 that was deferred under the 2013 Assessment Ordinance is hereby restated and shall be deferred until the development of the Related Development Property is certified as complete by the owner; whereupon, the City Council may levy the deferred Assessments in accordance with the Act. 4.4 Related Development Public Improvements Cost. Based on the 2013 Special Benefits Report, the City Council determined that up to $150,000,000 may be assessed against the Related Development Property. As confirmed by the 2021 City Ordinance, the City Council found and determined that a portion of the 2013 Public Improvements Cost in the amount of $11,400,000.00 was allocated to the the Related Development Property based on the special benefit received from the 2013 Public Improvements. As of the date of this Service and Assessment Plan, the City has levied a total of $3,065,738.95 in Assessments (which does not include the 2013 Related Development Deferred Assessment in the amount $11,400,000) against benefitted portions of the Related Development Property for Related Development Public Improvements. As of the date of this Service and Assessment Plan, $2,575,297.92 of such Assessments have been paid in full. The 2020 Related Development Assessment in the amount of $490,441.03 will be delinquent if not paid by January 31, 2021. The Assessments levied against the Related Development Property for the Related Development Improvements have not been pledged as security for any series of Project Infrastructure Bonds. 4.5 Additional Facility Public Improvements Cost. The Creation Resolution estimated the costs of Facility Public Improvements to be to $150,000,000.00 which serves as the maximum total Assessments that may be levied against the Facility Property. As described above, the 2013 Special Benefits Reports estimated the 2013 Public Improvements Costs to be $94,800,000.00, of which $83,400,000.00 was levied against the Facility Property leaving $66,600,000 available to be levied against the Facility Property for costs for Additional Facility Public Improvements. 96 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 19 1775.015‐1\92482.8 As of the date of this Service and Assessment Plan, the City has levied a total of $4,703,571.07 in Assessments against the Facility Property for the Additional Facility Public Improvements and $4,132,903.08 of such Assessments have been paid in full. The 2020 Facility Assessment in the amount of $570,667.99 is delinquent if not paid on or before January 31, 2021. The Assessments levied against the Facility Property for the Additional Facility Public Improvements have not been pledged as security for any series of Project Infrastructure Bonds, including the Project Infrastructure Bonds. 4.6 Adjustment of Assessments, Subdivision; Change to Tax Exempt. Until construction of a Public Improvement is complete and accepted by the City or Corporation, as the case may be, the Assessments described in this Article IV are based on estimates of the Public Improvements Cost. If the actual cost of the Public Improvements is less than the estimates, the Assessments shall be reduced as determined by the Administrator and approved by the City Council in a Service Plan Update. 4.6.1 Upon Subdivision. If the Facility Property is subdivided, the Assessment against the property will be reallocated among the subdivided Parcels on a per-acre basis as determined by the Administrator and reflected in a Service Plan Update approved by the City Council after a public hearing for which notice (i) addressed to "Property Owner" has been mailed, regular mail, to the current address of the owner of the property being subdivided as reflected on the tax rolls, and (ii) addressed to "Trustee" has been mailed, regular mail, to the trustee under each indenture related to Project Infrastructure Bonds. Other than annual Assessments that are not pledged as security to any series of PID bonds, any Assessment against Related Development Property will not be reallocated among subdivided Parcels until the development of the Related Development Property is certified as complete by the owner. 4.6.2 Upon Becoming Tax Exempt. If any portion of the Facility Property becomes exempt from the payment of ad valorem taxes, the owner of such portion shall pay to the City the unpaid principal amount of the Assessment allocated (on a per-acre basis) to such portion of the Facility Property plus, if applicable, accrued interest through the date of payment. Prepayment Costs, if any, shall be paid as a Semi-Annual Administrative Cost.ꢀ 4.7 Prepayment of Assessments. The unpaid principal amount of an Assessment may be prepaid in full or in part at any time, together with accrued interest, if any, through the date of prepayment; whereupon the Assessment and corresponding assessment lien automatically terminate and shall be reduced to zero in a Service Plan Update. Prepayment Costs, if any, may be paid by the Administrator from Semi-Annual Administrative Costs. 4.8 Accrual of Interest. Assessments shall not bear interest except for interest authorized by Section 372.018(a) of the Act. Assessments that are deferred may bear interest as approved by the City Council at the time the Assessments are levied. 4.9 Semi-Annual Installments of Assessments Related to Project Infrastructure Bonds. Assessments levied against the Facility Property and/or the Related Development Property and 97 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 20 1775.015‐1\92482.8 pledged as security to any series of Project Infrastructure Bonds, including the 2013 Facility Public Improvement Assessment securing the 2013 Project Infrastructure Bonds and 2021 LGC Tax Refunding Bonds, shall be due and payable to the City in Semi-Annual Installments as set forth in the applicable Reimbursement Agreement beginning on the date stated in the applicable Reimbursement Agreement and continuing every March 1 and September 1 thereafter and will be delinquent if not paid within three calendar days after it is due and payable. Semi-Annual Installments are not required to be level amounts and will vary depending on Semi-Annual District Expenses and the amounts, if any, of Debt Service Shortfalls. For so long as any Project Infrastructure Bonds remain outstanding, each of the Corporations, pursuant to a Reimbursement Agreement, is required to calculate its respective Debt Service Shortfall amount for each bond issue based on the "Bond Debt Service" schedules attached as Exhibit G-1, and each Corporation shall certify such Debt Service Shortfall amount to the City no later than each February 1 or August 1 commencing August 1, 2013 (each a "Semi-Annual Calculation Date"). Upon notification of each Debt Service Shortfall amount due for each bond issue, the City shall calculate the amount of the Semi-Annual Installment and shall submit a bill to each property owner no later than each February 15 and August 15 commencing August 15, 2013 (each a "Semi-Annual Billing Date"). The City will use all reasonable efforts to collect Semi-Annual Installments before they become delinquent. If a Semi-Annual Installment becomes delinquent, all remedies at law or under the Act shall be available to the City. 4.10 Annual Payment of Assessments Not Related to Project Infrastructure Bonds. Assessments levied against the Facility Property or the Related Development Property for costs of the Additional Facility Public Improvements or the Related Development Public Improvements that are not pledged as security for Project Infrastructure Bonds shall be updated annually and shall be collected by the City in the same manner and at the same time as ad valorem taxes in the amount shown on the Assessment Rolls attached to each Annual Service Plan Update. Such Assessments shall be due when billed and shall be delinquent if not paid prior to February 1 of the following year. Failure of a landowner to receive an invoice for such Assessment on the property tax bill shall not relieve the landowner of the responsibility for payment of the Assessment. Assessment Revenue collected by the City from Assessments levied against the Facility Property or the Related Development Property for Additional Facility Public Improvements and/or Related Development Public Improvements based on the special benefit conferred by such Additional Facility Public Improvements or the Related Development Public Improvements that is not pledged as security for any series of Project Infrastructure Bonds and shall be deposited into a sub-account of the PID Operating Account and used solely for the purposes determined by the City Council at the time the Assessments are levied. 4.11 PID Operating Account. Assessment Revenue from the collection of Semi-Annual Installments of an Assessment against the Facility Property and/or Related Development Property in connection with the issuance of a series of Project Infrastructure Bonds will be deposited by the City into the PID Operating Account, including sub-accounts corresponding to each issue of Project Infrastructure Bonds, as applicable, immediately upon receipt and will be transferred by the City to the respective Corporations, or to the applicable trustee(s) for the benefit of such Corporations, to pay Debt Service Shortfalls, if any, by September 5, 2013, and by each March 5 and September 5 thereafter for so long as Project Infrastructure Bonds are 98 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 21 1775.015‐1\92482.8 outstanding. Assessment Revenue from the collection of an Assessment against the Facility Property and/or Related Development Property unrelated to the issuance of a series of Project Infrastructure Bonds will be deposited by the City into the PID Operating Account, including sub-accounts as applicable, immediately upon receipt and shall be used solely for the purposes determined by the City Council at the time such Assessments were levied. Any Assessment Revenue due to the Corporations on any such date but collected by the City after the due date shall be transferred to the respective Corporations or applicable trustee(s) within two business days. 4.12 Reduction of Assessment Against the Facility Property. The Assessment against the Facility Property (and the corresponding assessment lien) shall be reduced by the sum of all amounts by which the outstanding principal of the Project Infrastructure Bonds for which the PID Operating Account is pledged, as additional security, are reduced and by sum of all prepayments of the Assessment made pursuant to Section 4.8. The current outstanding principal amount of the Assessments levied against the Facility Property based on the debt service schedules related to the Project Infrastructure Bonds attached as Exhibit G-1 is set forth in Section 5 below. 4.13 Security for Payment. All payments due in accordance with this Service and Assessment Plan shall be treated the same with respect to the liens created to secure payment and the rights of the City, including foreclosure, in the event of delinquencies. Any foreclosure sale of a Parcel for nonpayment of any such amounts shall be subject to a continuing lien for the remaining unpaid amounts in accordance with state law. 4.14 Release of Lien. When an Assessment, as reduced in accordance with Section 4.13 above, if applicable, has been paid in full, including Delinquent Collection Costs and any other related amounts owed under this Service and Assessment Plan, the Administrator shall notify the City, and the City shall execute a release, in recordable form, evidencing full payment of the Assessment and the unconditional release of the lien securing payment of the Assessment. All releases shall be reflected in a Service Plan Update. 4.15 Findings and Determinations. The findings and determinations by the City Council set forth in this Service and Assessment Plan are based on: (i) the 2013 Official Report prepared by Graham Associates, Inc.; (ii) the 2013 Special Benefits Report prepared by Graham Associates, Inc.; (iii) evidence and testimony presented to the City Council; and (iv) information made available to the City Council. The City Council hereby confirms and ratifies the findings and determinations made by the City Council in the 2015 Assessment Ordinance, 2016 Assessment Ordinance, 2017 Assessment Ordinance, 2018 Assessment Ordinance, 2019 Assessment Ordinance and 2020 Assessment Ordinance, including the special benefits reports and annual service plan updates attached thereto. The City Council has relied on the information contained in the 2013 Official Report, 2013 Special Benefits Report, the reports and special benefit analysis contained in each Annual Service Plan Update, evidence, and testimony in the preparation and approval of this Service and Assessment Plan and the allocation of the Public Improvements Cost to the Property. Such findings and determinations represent the discretionary exercise by the City Council of its legislative and governmental authority and power, and such 99 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 22 1775.015‐1\92482.8 findings and determinations are conclusive and binding on the current and future owners of the Property. The Corporations have concurred in and approved the findings and determinations by the City Council as set forth in this Service and Assessment Plan and have otherwise concurred in and approved this Service and Assessment Plan and the levy of Assessments against the Property. The Corporations have acknowledged that the Property is subject to payment of Assessments and/or Semi-Annual Installments as provided in this Service and Assessment Plan and in the Reimbursement Agreements. SECTION 5 ASSESSMENT ROLL This Section 5 describes the Assessment Roll for the District. The Assessment Roll is set forth on Exhibit G and consists of: 1. The 2013 Facility Public Improvement Assessment originally levied in principal amount of $83,400,000.00 by the 2013 Assessment Ordinance with an outstanding principal amount of $80,646,886.55 as of December 31, 2020. The 2013 Facility Public Improvement Assessment is allocated as follows among the Project Infrastructure Bonds: Pro-Rata Share(1) Allocated Portion of Original 2013 Facility Public Improvement Assessment Outstanding Principal Amount of 2013 Facility Public Improvement Assessment 2013 LGC Sales Tax Bonds 16.80% $14,011,200 $13,587,554.27(2) 2021 LGC Tax Refunding Bonds(3) 20.60% $17,180,400(3) $17,048,344.66(2) 2013 Type A Bonds 31.30% $26,104,200 $25,005,493.81(2) 2013 Type B Bonds 31.30% $26,104,200 $25,005,493.81(2) (1) Pro-rata allocation of the original principal amount of the $83,400,000 2013 Facility Public Improvement Assessment was based on the par amount of each series of 2013 Project Infrastructure Bonds issued as a percentage of the total par amount of all 2013 Project Infrastructure Bonds. (2) In accordance with Section 4.12 above, the principal amount of the 2013 Facility Public Improvement Assessment was reduced by the sum of all amounts by which the outstanding principal amount of the 2013 Project Infrastructure Bonds have been reduced. As of December 31, 2020, the outstanding par amount of the 2013 Project Infrastructure Bonds was $91,430,000 thus reducing the outstanding 2013 Facility Public Improvement Assessment to $80,646,886.55. The following Semi-Annual Installments have been collected to pay Debt Service Shortfalls on the 2013 LGC Sales Tax Bonds: on July 17, 2017 in the amount of $1,158,162.50; on July 16, 2018 in the amount of $1,294,662.50; and on July 25, 2019 in the amount of $1,306,963.00 for a total of $3,759,788.00 which payments do not reduce the principal amount of the 2013 Facility Public Improvement Assessment. (3) The pro-rata share of the 2013 Facility Public Improvement Assessment that formerly secured the 2013 LGC Tax Bonds now secures the 2021 LGC Tax Refunding Bonds. 2. Assessments related to the Additional Facility Public Improvements: 100 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 23 1775.015‐1\92482.8 Original Principal Amount Levied Outstanding as of 12/31/2020 2015 Facility Assessment $1,218,234.83 $0.00 2016 Facility Assessment $875,155.64 $0.00 2017 Facility Assessment $658,465.00 $0.00 2018 Facility Assessment $810,379.62 $0.00 2019 Facility Assessment $570,667.99 $0.00 2020 Facility Assessment $570,667.99 $570,667.99 TOTAL: $4,703,571.07 3. Assessments related to the Related Development Public Improvements (excludes 2013 Related Development Deferred Assessment): Original Principal Amount Levied Outstanding as of 12/31/2020 2015 Related Development Assessment $236,757.17 $0.00 2016 Related Development Assessment $287,680.36 $0.00 2017 Related Development Assessment $872,993.00 $0.00 2018 Related Development Assessment $687,426.36 $0.00 2019 Related Development Assessment $490,441.03 $0.00 2020 Related Development Assessment $490,441.03 $490,441.03 TOTAL: $3,065,738.95 As authorized by the Act, the assessment of the 2013 Related Development Deferred Assessment in the amount of $11,400,000 for the portion of the 2013 Facility Public Improvements that benefit the Related Development Property remains deferred until the development of the Related Development Property is certified as complete by the owner which will be the time at which the special benefit conferred on the Related Development Property can be determined with certainty. SECTION 6 ADDITIONAL PROVISIONS 6.1 Severability. The provisions of this Service and Assessment Plan are intended to be severable. In the event any provision of this Service and Assessment Plan, or the application thereof to any person or circumstance, is held or determined to be invalid, illegal, or unenforceable, and if such invalidity, unenforceability, or illegality does not cause substantial deviation from the underlying intent of the City Council as expressed in this Service and Assessment Plan, then such provision shall be deemed severed from this Service and Assessment Plan with respect to such person, entity, or circumstance without invalidating the remainder of this Service and Assessment Plan or the application of such provision to other persons, entities, or circumstances. 101 ꢀ ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Page 24 1775.015‐1\92482.8 6.2 Exhibits. The following exhibits are part of this Service and Assessment Plan: Exhibit A Legal Description of the Property Exhibit A-1 Depiction of the Property Exhibit B 2013 Official Report Exhibit B-1 2013 Public Improvements Cost Exhibit C Service Plan: Five-Year Projection of Costs of Additional Facility Public Improvements and Related Development Public Improvements Exhibit D Service Plan: Five-Year Projection of Annual Indebtedness for 2013 Public Improvements Cost Exhibit D-1 Service Plan: Five-Year Projection of Annual Indebtedness for Additional Facility Public Improvements and Related Development Public Improvements Exhibit E 2013 Special Benefits Report Exhibit E-1 2013 Public Improvements Cost – Special Benefit Analysis ($ millions) Exhibit E-2 2020 Special Benefits Report Exhibit F Legal Description of Facility Property Exhibit G Assessment Roll Exhibit G-1 2020 Bond Debt Service Schedules for Calculating Debt Service Shortfall Exhibit H Form of Reimbursement Agreement 102 Exhibit A Legal Description of the Property (439.12 Acres) ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit A - Description of the Property Page 1 1775.015‐1\92482.8 Being a 439.12 acre tract of land situated in the B.B.B & C.R.R. Survey, Abstract No. 173, B.B.B. & C. Survey, Abstract No. 174, Thomas A. West Survey, Abstract No. 1344, and the M.D.T. Hallmark Survey, Abstract No. 570, Denton County, Texas, and being all of a tract of land conveyed by deed to 121 Acquisition Company, LLC., as recorded in Instrument No. 2011-114773, 2011-121444, and 2011-112195, Deed Records, Denton County, Texas, and a portion of Plano Parkway and a portion of Burlington Northern Railroad tract, and being more particularly described as follows: BEGINNING at a found Txdot monument, said point being the northwest corner of said 121 Acquisition Company, LLC tract and being in the south right-of-way line of State Highway 121 (having a variable width R.O.W.); THENCE North 63°32'06" East, along said south right-of-way line, a distance of 130.52 feet to a point for corner; THENCE North 60°22'33" East, continuing along said south right-of-way line, a distance of 80.86 feet to a point for corner; THENCE South 29°13'03" East, continuing along said south right-of-way line, a distance of 50.00 feet to a point for corner; THENCE North 60°47'38" East, continuing along said south right-of-way line, a distance of 219.64 feet to a point for corner, said point being in the west right-of-way line of Plano Parkway (100 ft R.O.W.); THENCE North 50°53'35" East, leaving said south right-of-way line, and leaving said west right-of-way line, a distance of 100.00 feet to a point for corner, for the beginning of a non-tangent curve to the right having a radius of 950.00 feet and a central angle of 1°26'54" and a long chord which bears North 38°22'58" West, 24.01 feet, said point being in the east right-of-way line of said Plano Parkway; THENCE along said east right-of-way line, and along said non-tangent curve to the right an arc distance of 24.01 feet to a point for corner, said point being the most southerly point of a corner-clip of the intersection of said east right-of-way line of Plano Parkway and the south right-of-way line of said State highway 121; THENCE North 08°46'31" East, along said corner-clip, a distance of 26.03 feet to a point for corner, said point being in the south right-of-way line of said State highway 121; THENCE North 60°47'38" East, along said south right-of-way line, a distance of 203.71 feet to a point for corner; THENCE North 58°17'36" East, continuing along said south right-of-way line, a distance of 252.11 feet to a point for corner; THENCE North 55°47'40" East, continuing along said south right-of-way line, a distance of 105.11 feet to a point for corner; THENCE North 58°17'42" East, continuing along said south right-of-way line, a distance of 248.62 feet to a point for corner; THENCE North 60°47'38" East, continuing along said south right-of-way line, a distance of 263.85 feet to a point for corner; THENCE North 76°30'51" East, continuing along said south right-of-way line, a distance of 92.27 feet to a point for corner; THENCE North 65°56'12" East, continuing along said south right-of-way line, a distance of 100.40 feet to a point for corner; THENCE North 64°13'39" East, continuing along said south right-of-way line, a distance of 100.18 feet to a point for corner; 103 Exhibit A Legal Description of the Property (439.12 Acres) ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit A - Description of the Property Page 2 1775.015‐1\92482.8 THENCE North 60°16'36" East, continuing along said south right-of-way line, a distance of 39.88 feet to a point for corner; THENCE South 74°12'01" East, continuing along said south right-of-way line, a distance of 70.70 feet to a point for corner; THENCE North 60°47'38" East, continuing along said south right-of-way line, a distance of 64.12 feet to a point for corner; THENCE North 15°47'17" East, continuing along said south right-of-way line, a distance of 73.27 feet to a point for corner; THENCE North 59°04'32" East, continuing along said south right-of-way line, a distance of 94.25 feet to a point for corner; THENCE North 55°39'04" East, continuing along said south right-of-way line, a distance of 100.40 feet to a point for corner; THENCE North 47°37'54" East, continuing along said south right-of-way line, a distance of 114.18 feet to a point for corner; THENCE North 60°47'38" East, continuing along said south right-of-way line, a distance of 3800.00 feet to a point for corner; THENCE North 65°20'10" East, continuing along said south right-of-way line, a distance of 189.41 feet to a point for corner; THENCE North 61°56'23" East, continuing along said south right-of-way line, a distance of 100.02 feet to a point for corner; THENCE North 63°39'23" East, continuing along said south right-of-way line, a distance of 100.12 feet to a point for corner; THENCE North 64°47'53" East, continuing along said south right-of-way line, a distance of 100.24 feet to a point for corner; THENCE North 66°30'16" East, continuing along said south right-of-way line, a distance of 201.00 feet to a point for corner; THENCE North 65°56'12" East, continuing along said south right-of-way line, a distance of 100.40 feet to a point for corner; THENCE North 66°30'16" East, continuing along said south right-of-way line, a distance of 100.50 feet to a point for corner; THENCE North 63°05'04" East, continuing along said south right-of-way line, a distance of 100.08 feet to a point for corner; THENCE North 64°13'39" East, continuing along said south right-of-way line, a distance of 100.18 feet to a point for corner; THENCE North 83°05'27" East, continuing along said south right-of-way line, a distance of 69.58 feet to a point for corner; THENCE North 60°39'18" East, continuing along said south right-of-way line, a distance of 33.81 feet to a point for 104 Exhibit A Legal Description of the Property (439.12 Acres) ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit A - Description of the Property Page 3 1775.015‐1\92482.8 corner, said point being in the west right-of-way line of Burlington Northern Railroad (having a variable width R.O.W.); THENCE North 60°38'52" East, leaving said west right-of-way line, a distance of 107.30 feet to a point for corner, said point being in the east right-of-way line of said Burlington Northern Railroad; THENCE North 60°45'58" East, leaving said east right-of-way line, continuing along said south right-of-way line of State Highway 121, a distance of 254.35 feet to a point for corner; THENCE North 63°19'02" East, continuing along said south right-of-way line, a distance of 585.96 feet to a point for corner; THENCE North 60°52'09" East, continuing along said south right-of-way line, a distance of 369.37 feet to a point for corner, said point being in the west right-of-way line of West Spring Creek Parkway (having a 160 ft R.O.W.); THENCE South 29°24'43" East, leaving said south right-of-way line, and along said west right-of-way line, a distance of 265.52 feet to a point for corner, for the beginning of a non-tangent curve to the right having a radius of 970.00 feet and a central angle of 29°13'42", and a long chord which bears South 14°53'13" East, 489.48 feet; THENCE continuing along said west right-of-way line, and along said non-tangent curve to the right an arc distance of 494.83 feet to a point for corner; THENCE South 00°22'42" East, continuing along said west right-of-way line, a distance of 476.17 feet to a point for corner; THENCE South 00°23'35" East, continuing along said west right-of-way line, a distance of 864.92 feet to a point for corner, said point being in the north line of Kings Ridge Addition, Phase Three, as recorded in Cabinet X, Page 450, Plat Records, Denton County, Texas; THENCE South 89°40'20" West, leaving said west right-of-way line, and along said north line, a distance of 1199.93 feet to a point for corner, said point being in the east right-of-way line of said Burlington Northern Railroad; THENCE North 87°39'44" West, leaving said north line, leaving said east right-of-way line, a distance of 101.16 feet to a point for corner, for the beginning of a non-tangent curve to the right having a radius of 3703.75 feet and a central angle of 3°44'19" and a long chord which bears South 04°12'25" West, 241.62 feet, said point being in the west right-of-way line of said Burlington Northern Railroad; THENCE along said east right-of-way line, and along said non-tangent curve to the right an arc distance of 241.67 feet to a point for corner; THENCE South 06°04'35" West, continuing along said east right-of-way line, a distance of 2524.64 feet to a point for corner; THENCE North 83°17'00" West, continuing along said east right-of-way line, a distance of 190.16 feet to a point for corner; THENCE South 00°51'51" East, continuing along said east right-of-way line, a distance of 970.10 feet to a point for corner; THENCE South 89°03'50" West, continuing along said east right-of-way line, a distance of 31.06 feet to a point for corner; THENCE South 01°14'37" East, continuing along said east right-of-way line, a distance of 447.78 feet to a point for corner; 105 Exhibit A Legal Description of the Property (439.12 Acres) ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit A - Description of the Property Page 4 1775.015‐1\92482.8 THENCE North 87°06'22" West, leaving said east right-of-way line, a distance of 1240.48 feet to a point for corner, for the beginning of a non-tangent curve to the left having a radius of 1130.00 feet and a central angle of 103°16'58", and a long chord which bears North 38°43'34" West, 1772.16 feet, said point being in the east right-of-way line of said Plano Parkway; THENCE along said east right-of-way line, and along said non-tangent curve to the left an arc distance of 2036.97 feet to a point for corner; THENCE South 89°38'05" West, continuing along said east right-of-way line, a distance of 647.23 feet to a point for corner, for the beginning of a non-tangent curve to the right having a radius of 950.00 feet and a central angle of 40°05'36" and a long chord which bears North 70°19'29" West, 651.29 feet; THENCE continuing along said east right-of-way line, and along said non-tangent curve to the right an arc distance of 664.77 feet to a point for corner, for the beginning of a reverse curve to the left having a radius of 1050.00 feet and a central angle of 40°15'06" and a long chord which bears North 70°25'01" West, 722.57 feet; THENCE continuing along said east right-of-way line, and along said curve to the left an arc distance of 737.65 feet to a point for corner; THENCE South 89°31'25" West, continuing along said east right-of-way line, a distance of 623.83 feet to a point for corner, for the beginning of a tangent curve to the right having a radius of 950.00 feet, a central angle of 0°48'07", and a long chord which bears South 89°55'28" West, 13.21 feet; THENCE continuing along said east right-of-way line, along said curve to the right, an arc distance of 13.21 feet to a point for corner; THENCE South 00°19'22" West, leaving said east right-of-way line, a distance of 100.00 feet to a point for corner, said point being in the west right-of-way line of said Plano Parkway; THENCE South 89°58'40" West, leaving said west right-of-way line, a distance of 1210.45 feet to a point for corner; THENCE North 00°25'18" West, a distance of 226.47 feet to the POINT OF BEGINNING and CONTAINING 19,128,279 square feet, 439.12 acres of land, more or less. 106 Exhibit A-1 Depiction of the Property The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit A - 1 – Depiction of the Property Page 1 1775.015‐1\92482.8 107 Exhibit B 2013 Official Report The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit B – 2013 Official Report Page 1 1775.015‐1\92482.8 PUBLIC IMPROVEMENTS REPORT The City of The Colony Public Improvement District No. 1 The Colony, Texas PREPARED BY: GRAHAM ASSOCIATES, INC. 600 Six Flags Drive, Suite 500 Arlington, Texas 76011 (817) 640-8535 Firm No. F-1191 November 30, 2012 108 Exhibit B 2013 Official Report The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit B – 2013 Official Report Page 2 1775.015‐1\92482.8 OVERVIEW: The City of The Colony Public Improvement District No. 1 (the "District") includes approximately 439.12 contiguous acres located in the City of The Colony, Texas (the "City"), bounded by the Sam Rayburn Tollway (S.H. 121) to the north, Plano Parkway to the west and south, and Spring Creek Parkway and the City of Plano City Limits to the east. The District is currently undeveloped and is planned to be developed through a phased approach that includes the initial development of a retail, warehouse, distribution, and headquarters facility (the "Facility") on approximately 107 acres (the "Facility Tract"). The remaining land will include the development of additional retail and commercial development in one or more phases (the “Related Development”). Public infrastructure improvements required to serve development of the Facility (the "Facility Public Improvements") and Related Development (the "Related Public Improvements") fall into the following general categories: (1) site work that includes mass grading operations and storm water detention facilities; (2) street and roadway improvements, including related traffic signalization, signage, sidewalks, curbs, gutters, streetscape, and landscaping (3) storm drainage and retaining wall improvements (4) water line improvements (5) sanitary sewer line improvements (6) utility conduits and associated appurtenances. Facility Public Improvements: The Facility Public Improvements described below are required to serve the Facility. The estimated cost of the Facility Public Improvements is $51,900,000. This estimate assumes the improvements will be designed and constructed to meet the standards and requirements of the City and all other applicable local, state, and federal agencies. (1) Site work improvements for grading and erosion control: Grading improvements and associated erosion control is required. Approximately 1,800,000 cubic yards of soil are proposed to be excavated to provide a level building pad area, rough graded parking lot areas, and rough roadway grades. Excavated material will be placed, spread, and compacted on-site to create 2 drainage detention areas. Two United States Corps of Engineer Section 404 Permits for Wetland Protection are required for approximately 900 feet of stream impact and 0.3 acres of wetland impact created the public roadway improvements and approximately 1.2 acres of impact to “waters of the U.S.” associated with grading. These permits require fees be paid to mitigation banks to offset disturbances caused by the development of the Facility. The combined cost of these improvements is estimated to be $6,300,000. 109 Exhibit B 2013 Official Report The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit B – 2013 Official Report Page 3 1775.015‐1\92482.8 (2) Road improvements: To serve the traffic demands of the Facility, the proposed street and roadway improvements include construction of six-lane divided thoroughfares comprising approximately 105,000 square yards of reinforced concrete pavement. These improvements include sidewalks, landscaping, traffic signals, street lighting, and directional signage within the public rights-of-way. Additional and updated directional signage will also be required in the public right-of-way along Sam Rayburn Tollway and the new proposed bridge at South Colony Boulevard. Intelligent transportation systems are proposed to further manage expected traffic flows generated by the Facility. The proposed road improvements include a bridge over the existing railroad and five signalized intersections along proposed thoroughfares. An additional grade separated crossing is proposed to create a bridge crossing of South Colony Boulevard over the Sam Rayburn Tollway and improve connectivity and flow to the Sam Rayburn Tollway. Additional improvements are proposed to reconfigure and improve the intersection of Plano Parkway and the Sam Rayburn Tollway and the intersection of Spring Creek Parkway and the Sam Rayburn Tollway. The total cost for the foregoing road improvements is estimated to be $ 31,900,000. (3) Storm Drainage and Retaining Walls: The storm drainage improvements that serve the Facility include approximately 30,000 linear feet of concrete storm drainage pipe ranging from 18-inch reinforced concrete pipe to reinforced concrete box culverts with spans up to 10 feet. Approximately 60,000 square feet of retaining wall is proposed along the creek to provide support for the public roadway system and to minimize the impact to the existing creek system. The storm drainage and retaining wall improvements are estimated to cost $9,800,000. (4) Water Line Improvements: The public water system provides domestic water, irrigation, and fire service. The water system generally follows the alignment of the public roadways. The system connects to the existing city system at three locations and consists of approximately 8,000 linear feet of 16-inch water line, 5,000 linear feet of 12- inch water line, and 45 fire hydrants. These connections and routing provide pressures and volume required to serve the water and fire protection needs of the Facility. The water line system improvements are estimated to cost $1,500,000. (5) Sanitary Sewer Improvements: The proposed sanitary sewer system is served by a connection to the existing system generally located at the intersection of Plano Parkway and Sam Rayburn Tollway. The sewer system is comprised of approximately 7,000 linear feet of 18-inch sanitary sewer main and 7,000 linear feet of 8-inch sanitary sewer line and continues under the proposed public roadways to service points east of the railroad right- of-way prior to Spring Creek Parkway. The sewer system improvements are estimated to cost $1,600,000. 110 Exhibit B 2013 Official Report The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit B – 2013 Official Report Page 4 1775.015‐1\92482.8 (6) Utility Conduits: Utility improvements will be required with the development of the Facility to provide power, gas, and telecommunication services to the buildings. These services will be provided through a subsurface duct bank routed generally along the proposed road alignments are proposed. The estimated cost for the combined utility improvements is $800,000. Related Public Improvements: The Related Public Improvements are required to serve the Related Development. The estimated cost of the Related Public Improvements (including an annual 3% escalator) is $150,000,000. This estimate assumes the improvements will be constructed to meet the standards and requirements of the City and all other applicable local, state, and federal agencies. The Related Public Improvements include: the extension of utilities to individual sites and buildings; surface parking and parking garages; street and roadway improvements, including collector roads that connect to arterials; mass transit facilities; park improvements; additional landscaping and lighting; pedestrian areas; and additional grading and associated erosion control. Description of Improvements Estimated Cost ($millions) Water, wastewater, drainage facilities, and utilities 14.2 Off street structured and surface parking facilities 82.9 Street and roadway improvements 11.7 Mass transit facilities 5.8 Park improvements 4.7 Landscaping 4.3 Lighting and signage 9.1 Pedestrian malls 5.4 Site improvements including grading and erosion control 11.9 TOTAL $150.0 ꢀ 111 Exhibit B-1 2013 Public Improvements Cost ($ millions) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit B-1 – 2013 Public Improvements Cost Page 1 1775.015‐1\92482.8 Facility Pub l i c Im pr ov em ent s Ha r d Co sts Soft Co sts Land Cap italized In ter e st De bt S e r vi c e Reserv e Fund Co st of I s su an ce TOTALS Site wo r k (m ass gr ad i n g an d det e nt i o n ) 5.7 0.6 2.9 3.2 1.4 1.0 14.8 Ro ad s (i n c lud e s s i gn a l s, sign s, br i dg e, and off - s i t e i mp r o v e me n t s ) 30 .2 1 .6 2 .0 1 1 .3 5 .2 3 .0 53.3 St o r m dr ai na ge (i n cl u d es r e t a in i n g wa ll s ) 8.7 1.1 1.2 3.6 1.6 1.0 17.2 Wate r 1.3 0.2 1.6 0.5 0.3 0.5 4.4 San itary sewer 1.4 0.2 0.2 0.6 0.3 0.5 3.2 Utility co ndu its 0.7 0.1 0.1 0.3 0.2 0.5 1.9 TOTALS 48.0 3.8 8.0 19.5 9.0 6.5 94.8 112 ꢀ Exhibit C Service Plan: Five-Year Projection of Additional Facility Public Improvements Cost and Related Development Public Improvements Cost The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit C-1 – Projection of Related Development Public Improvements Cost Page 1 1775.015‐1\92482.8 2020 2021 2022 2023 2024 $1,250,000 $1,250,000 $1,250,000 $1,250,000 $1,250,000 ꢀ 113 ꢀ Exhibit D Service Plan: Five-Year Projection of Annual Indebtedness Related to 2013 Public Improvements The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit D – Projection of Indebtedness Related to the 2013 Public Improvements Page 1 1775.015‐1\92482.8 Year Principal1 Semi-Annual Collection Costs2 Delinquent Collection Costs3 Annual Administrative Costs4 Estimated Annual Indebtedness 2020 See Sections 3.3 and 4.9 $5,000ꢀ$0ꢀ$5,000ꢀSee Section 4.9ꢀ 2021 See Sections 3.3 and 4.9 $5,000ꢀ$0ꢀ$5,000ꢀSee Section 4.9ꢀ 2022 See Sections 3.3 and 4.9 $5,000ꢀ$0ꢀ$5,000ꢀSee Section 4.9ꢀ 2023 See Sections 3.3 and 4.9 $5,000ꢀ$0ꢀ$5,000ꢀSee Section 4.9ꢀ 2024 See Sections 3.3 and 4.9 $5,000ꢀ$0ꢀ$5,000ꢀSee Section 4.9ꢀ 1. See Section 5, Paragraph 1 for the outstanding Principal Amount of the 2013 Facility Public Improvement Assessment as of December 31, 2020. The annual indebtedness for the 2013 Public Improvements Cost in any given year is the sum of the Semi-Annual Installments for the Project Infrastructure Bonds for the year. 2. Semi-Annual Collection Costs may be increased or reduced as part of each Service Plan Update. If the Semi-Annual Collection Costs collected are less than the Semi-Annual Collection Costs paid or incurred, the deficit may be carried forward and added to the Semi-Annual Collection Costs for the next year or paid as Semi-Annual Administrative Costs. If the Semi-Annual Collection Costs collected exceed the Semi-Annual Collection Costs paid or incurred, the excess shall be carried forward to reduce the Semi- Annual Collection Costs for the next year. Semi-Annual Collection Costs shall be allocated pro rata among all Parcels with unpaid Assessments. 3. This exhibit includes no Delinquent Collection Costs. The actual amount of Delinquent Collection Costs attributable to a Parcel will, if not paid upon demand, be added to the Semi-Annual Installment for the Parcel as part of the Service Plan Update for the next year. If Delinquent Collection Costs remain unpaid, they will continue to be added to the Semi-Annual Installment for the Parcel as part of the Service Plan Update for the next year. 4. Semi-Annual Administrative Costs (up to the maximum amount determined by the additional interest authorized by Section 372.018(a) of the Act) are estimated and may be increased or reduced as part of each Service Plan Update. If the Semi-Annual Administrative Costs collected are not enough to pay the Semi-Annual Administrative Costs paid or incurred, the deficit may be carried forward and added to the Semi-Annual Administrative Costs for the next year. If the Semi-Annual Administrative Costs collected exceed the Semi-Annual Administrative Costs paid or incurred, the excess shall be carried forward to reduce the Semi-Annual Administration Costs for the next year. Semi- Annual Administrative Costs shall be allocated pro rata among all Parcels with unpaid Assessments. 114 Exhibit D-1 Service Plan: Five-Year Projection of Annual Indebtedness for Additional Facility Public Improvements and Related Development Public Improvements The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit D-2 – Projection of Indebtedness for Additional Facility Public Improvements and Related Development Public Improvements Page 1 1775.015‐1\92482.8 Year Principal Annual Collection Costs1 Delinquent Collection Costs2 Annual Administrative Costs3 Estimated Annual Indebtedness 2020 See Sections 3.3 and 4.10ꢀ$0ꢀ$0ꢀ$0ꢀSee Section 4.10ꢀ 2021 See Sections 3.3 and 4.10ꢀ$0ꢀ$0ꢀ$0ꢀSee Section 4.10ꢀ 2022 See Sections 3.3 and 4.10ꢀ$0ꢀ$0ꢀ$0ꢀSee Section 4.10ꢀ 2023 See Sections 3.3 and 4.10ꢀ$0ꢀ$0ꢀ$0ꢀSee Section 4.10ꢀ 2024 See Sections 3.3 and 4.10ꢀ$0ꢀ$0ꢀ$0ꢀSee Section 4.10ꢀ 1. Annual Collection Costs may be increased or reduced as part of each Service Plan Update. If the Annual Collection Costs collected are less than the Annual Collection Costs paid or incurred, the deficit may be carried forward and added to the Annual Collection Costs for the next year or paid as Annual Administrative Costs. If the Annual Collection Costs collected exceed the Annual Collection Costs paid or incurred, the excess shall be carried forward to reduce the Annual Collection Costs for the next year. Annual Collection Costs shall be allocated pro rata among all Parcels with unpaid Assessments. 2. This exhibit includes no Delinquent Collection Costs. The actual amount of Delinquent Collection Costs attributable to a Parcel will, if not paid upon demand, be added to the Annual Installment for the Parcel as part of the Service Plan Update for the next year. If Delinquent Collection Costs remain unpaid, they will continue to be added to the Annual Installment for the Parcel as part of the Service Plan Update for the next year. 3. Annual Administrative Costs (up to the maximum amount determined by the additional interest authorized by Section 372.018(a) of the Act) are estimated and may be increased or reduced as part of each Service Plan Update. If the Annual Administrative Costs collected are not enough to pay the Annual Administrative Costs paid or incurred, the deficit may be carried forward and added to the Annual Administrative Costs for the next year. If the Annual Administrative Costs collected exceed the Annual Administrative Costs paid or incurred, the excess shall be carried forward to reduce the Annual Administration Costs for the next year. Annual Administrative Costs shall be allocated pro rata among all Parcels with unpaid Assessments. 115 Exhibit E 2013 Special Benefits Report The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E - Special Benefits Report Page 1 1775.015‐1\92482.8 SPECIAL BENEFITS REPORT The City of The Colony Public Improvement District No. 1 The Colony, Texas PREPARED BY: GRAHAM ASSOCIATES, INC. 600 Six Flags Drive, Suite 500 Arlington, Texas 76011 (817) 640-8535 Firm No. F-1191 November 30, 2012 116 ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E - Special Benefits Report Page 2ꢀꢀ 1775.015‐1\92482.8ꢀ The "Facility Public Improvements" for the City of The Colony Public Improvement District No. 1 (the "District") include the public improvements required to serve the proposed "Facility" consisting of approximately 1,280,000 square feet for warehouse and distribution uses, approximately 25,000 square feet for a regional corporate headquarters, and approximately 546,000 square feet for retail sales to the general public, which Facility will be constructed on approximately 107 acres (the "Facility Property") within the District and within the corporate limits of the City of The Colony, Texas (the "City"). These Facility Public Improvements have been divided into the following categories: (1) site work that includes mass grading operations and erosion control facilities; (2) street and roadway improvements, including related traffic signalization, signage, sidewalks, curbs, gutters, streetscape, landscaping (3) storm drainage improvements and retaining walls (4) water line improvements (5) sanitary sewer line improvements and (6) utility conduits along with associated appurtenances. The Facility Public Improvements will be located, designed, and constructed to serve the Facility. As shown on the table below, the overwhelming majority of the improvements are required for the functionality of the Facility. The Facility Public Improvements do, however, provide some benefit to the remainder of the property in the District (the "Related Property"). It is necessary to construct some portion of the Facility Public Improvements that benefit the Related Property; otherwise, there would be a significant negative impact on the future development of the Related Property, including, but not limited to, the removal and reconstruction of some of the Facility Public Improvements that serve the Facility and including a significant disruption of services to the Facility and the site as a whole. Utility infrastructure, including water service, sanitary sewer service, and storm drainage improvements, that will serve development of the Related Property must necessarily be constructed within and under roadways that are part of the Facility Public Improvements required for the Facility; therefore, there has been an allocation of benefit between the Facility Property and the Related Property as shown on the table below. The proposed water service for the Facility provides 3 connection points to the City's existing system to provide the maximum water volume and pressure required to serve the Facility and the fire protection requirements of the Facility. Some additional water lines are proposed to be constructed with the roadways that are allocated to the development of the Related Property. The sanitary sewer line that will serve the Facility will connect to the existing main line near the intersection of Plano Parkway and Sam Rayburn Tollway. This line provides service to the Facility prior to the S. Colony Boulevard extension, then continues under the roadways constructed to serve the Facility, crosses under the Railroad right-of-way, and follows the roadway alignment that connects to Spring Creek Parkway. This line will also provide service to the Related Property. Likewise, the storm drainage lines that serve the Facility and ultimately cross under the proposed roadways 117 ꢀ The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E - Special Benefits Report Page 3ꢀꢀ 1775.015‐1\92482.8ꢀ will also serve the development of the Related Property. Based on the water and sanitary sewer requirements of the Facility and the impact of the water and sewer improvements on future development of the Related Property, the benefit, and corresponding cost, of these categories of the Facility Public Improvements have been allocated between the Facility Property and Related Property as shown on the table below. The remaining categories of Facility Public Improvements are all required for the functionality the Facility and have been allocated 100% to the Facility Property. This includes the grading operations due to the excavation required to prepare the Facility Property for construction of the Facility and related parking. Excavated soil will be placed, spread, and compacted to prevent the need for and cost of hauling the soil off-site for disposal. Based on the foregoing benefits and the requirements for the Facility, $47.6 million of the cost of the Facility Public Improvements has been allocated as a special benefit to the Facility Property and $6.1 million to the Related Property. Description of Facility Public Improvements Total Estimated Cost (hard costs and soft costs) Allocated to Facility Property Allocated to Related Development Property Site work (mass grading and erosion) $6.3m 100% - $6.3m 0 Roads (signals, signs, bridge, and off-site improvements) $31.8m 100% - $31.8m 0 Storm drainage (including retaining walls) $9.8m 54% - $5.3m 46% - $4.5m Water $1.5m 51% - $0.8m 49% - $0.7m Sanitary sewer $1.6m 51% - $0.8m 49% - $0.8m Utility conduits $0.8m 100% - $0.8m 0 TOTALS $51.8 $45.8 $6.0m 118 Exhibit E-1 Facility Public Improvements Cost – Special Benefit Analysis ($ millions) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E-1 – Facility Public Improvements Cost Special Benefit Analysis Page 1 1775.015‐1\92482.8 Facility Pub l i c Im pr ov em ent s Ha r d Co sts Soft Co sts Land Co sts Cap italized In ter e st De bt Service Reserv e Fund Co st of I s su an ce TOTALS Spe c i al B e ne fi t t o Fac i l i t y Prop ert y Spec ia l Bene fi t to Re la te d Developmen t Proper t y Site wo r k (m ass gr ad i n g an d det e nt i o n ) 5 .7 0 .6 2 .9 3 .2 1 .4 1 .0 14 .8 14 .8 (100%) 0 Ro ad s (i n c lud e s s i gn a l s, sign s, br i dg e, and off - s i t e i mp r o v e me n t s ) 30 .2 1 .6 2 .0 1 1 .3 5 .2 3 .0 53 .3 53 .3 (100%) 0 St o r m dr ai na ge (i n cl u d es r e t a in i n g wa ll s ) 8 .7 1 .1 1 .2 3 .6 1 .6 1 .0 17 .2 9.3 (54.0%) 7.9 (46.0%) Wate r 1.3 0.2 1.6 0.5 0.3 0.5 4.4 2.5 (51.0%) 1.9 (49.0%) San itary sewer 1.4 0.2 0.2 0.6 0.3 0.5 3.2 1.6 (51.0%) 1.6 (49.0%) Utility co ndu its 0.7 0.1 0.1 0.3 0.2 0.5 1.9 1.9 (100%) 0 TOTALS 48 .0 3 .8 8 .0 1 9 .5 9 .0 6 .5 94 .8 83 .4 (88.0 %) 11 .4 (12.0%) 119 Exhibit E-2 2020 Special Benefit Report (as approved by Ordinance No. 2020-2407 on September 15, 2020) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E-2 – 2020 Special Benefit Report Page 1 1775.015‐1\92482.8 ꢀ ꢀ 120 Exhibit E-2 2020 Special Benefit Report (as approved by Ordinance No. 2020-2407 on September 15, 2020) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E-2 – 2020 Special Benefit Report Page 2 1775.015‐1\92482.8 121 Exhibit E-2 2020 Special Benefit Report (as approved by Ordinance No. 2020-2407 on September 15, 2020) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E-2 – 2020 Special Benefit Report Page 3 1775.015‐1\92482.8 ꢀ 122 Exhibit E-2 2020 Special Benefit Report (as approved by Ordinance No. 2020-2407 on September 15, 2020) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E-2 – 2020 Special Benefit Report Page 4 1775.015‐1\92482.8 ꢀ 123 Exhibit E-2 2020 Special Benefit Report (as approved by Ordinance No. 2020-2407 on September 15, 2020) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit E-2 – 2020 Special Benefit Report Page 5 1775.015‐1\92482.8 ꢀ ꢀ 124 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 1 1775.015‐1\92482.8 TRACT 1 (LLC Property on which the Facility will be constructed) Being a 82.09 acre tract of land situated in the B.B.B. & C.R.R. Survey, Abstract No. 174, and the Thomas A. West Survey, Abstract No. 1344, Denton County, Texas, and being a portion of a tract of land conveyed by deed to 121 Acquisition Company, LLC., as recorded in Instrument No. 2011-114773, Deed Records, Denton County, Texas, and being more particularly described as follows: COMMENCING at a found Txdot monument, said point being the northwest corner of said 121 Acquisition Company, LLC tract and being in the south right-of-way line of State Highway 121 (having a variable width R.O.W.); THENCE South 83°56'15" East, leaving said south right-of-way line, a distance of 2380.35 feet to a point for the POINT OF BEGINNING, said point being in the existing east right-of-way line of Plano Parkway (having a 100 foot R.O.W.); THENCE North 00°00'00" West, leaving said existing east right-of-way line, a distance of 560.75 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 78.50 feet, a central angle of 65°00'00", and a long chord which bears North 32°30'00" West, 84.36 feet; THENCE along said tangent curve to the left, an arc distance of 89.06 feet to a point for corner; THENCE North 65°00'00" West, a distance of 259.91 feet to a point for corner, for the beginning of a tangent curve to the right having a radius of 100.00 feet, a central angle of 35°00'00", and a long chord which bears North 47°30'00" West, 60.14 feet; THENCE along said tangent curve to the right, an arc distance of 61.09 feet to a point for corner; THENCE North 30°00'00" West, a distance of 390.00 feet to a point for corner; THENCE North 60°47'38" East, a distance of 20.99 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 740.00 feet, a central angle of 2°02'01", and a long chord which bears North 59°46'37" East, 26.26 feet; THENCE along said tangent curve to the left, an arc distance of 26.27 feet to a point for corner; THENCE South 30°00'00" East, a distance of 121.86 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 89.75 feet, a central angle of 35°00'00", and a long chord which bears South 47°30'00" East, 53.98 feet; 125 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 2 1775.015‐1\92482.8 THENCE along said tangent curve to the left, an arc distance of 54.83 feet to a point for corner; THENCE South 65°00'00" East, a distance of 254.03 feet to a point for corner; THENCE North 90°00'00" East, a distance of 25.58 feet to a point for corner; THENCE South 63°40'44" East, a distance of 478.61 feet to a point for corner, said point being in the face of garage; THENCE North 90°00'00" East, along said face of garage, a distance of 113.01 feet to a point for corner, said point being the face of building; THENCE North 00°00'00" East, along said face of building, a distance of 398.00 feet, and continuing a total distance of 427.50 feet to a point for corner; THENCE North 90°00'00" East, a distance of 283.92 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 118.50 feet, a central angle of 27°06'17", and a long chord which bears North 76°26'51" East, 55.54 feet; THENCE along said tangent curve to the left, an arc distance of 56.06 feet to a point for corner, for the beginning of a reverse curve to the right having a radius of 81.50 feet, a central angle of 54°12'34", and a long chord which bears South 90°00'00" East, 74.27 feet; THENCE along said reverse curve to the right an arc distance of 77.11 feet to a point for corner, for the beginning of a reverse curve to the left having a radius of 118.50 feet, a central angle of 27°06'17", and a long chord which bears South 76°26'51" East, 55.54 feet; THENCE along said reverse curve to the left an arc distance of 56.06 feet to a point for corner; THENCE North 90°00'00" East, a distance of 224.01 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 74.50 feet, a central angle of 60°00'00", and a long chord which bears North 60°00'00" East, 74.50 feet; THENCE along said tangent curve to the left, an arc distance of 78.02 feet to a point for corner; THENCE South 60°00'00" East, a distance of 66.45 feet to a point for corner; THENCE South 22°25'10" East, a distance of 211.39 feet to a point for corner; THENCE South 00°00'00" West, a distance of 95.61 feet to a point for corner; 126 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 3 1775.015‐1\92482.8 THENCE North 90°00'00" East, a distance of 1499.37 feet to a point for corner; THENCE South 45°37'45" East, a distance of 369.46 feet to a point for corner, for the beginning of a non-tangent curve to the left, having a radius of 840.00 feet and a central angle of 39°19'11", and a long chord which bears South 24°42'40" West, 565.21 feet; THENCE along said non-tangent curve to the left an arc distance of 576.46 feet to a point for corner, for the beginning of a reverse curve to the right having a radius of 760.00 feet, a central angle of 35°53'29", and a long chord which bears South 22°59'48" West, 468.33 feet; THENCE along said reverse curve to the right an arc distance of 476.08 feet to a point for corner; THENCE North 50°00'00" West, a distance of 72.29 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 87.50 feet, a central angle of 40°00'00", and a long chord which bears North 70°00'00" West, 59.85 feet; THENCE along said tangent curve to the left, an arc distance of 61.09 feet to a point for corner; THENCE North 90°00'00" West, a distance of 441.04 feet to a point for corner, for the beginning of a tangent curve to the left having a radius of 19.50 feet, a central angle of 90°00'00", and a long chord which bears South 45°00'00" West, 27.58 feet; THENCE along said tangent curve to the left, an arc distance of 30.63 feet to a point for corner; THENCE South 00°00'00" West, a distance of 41.01 feet to a point for corner, for the beginning of a tangent curve to the right having a radius of 225.73 feet and a central angle of 30°04'42" and a long chord which bears South 15°59'58" West, 117.14 feet; THENCE along said tangent curve to the right an arc distance of 118.50 feet to a point for corner; THENCE South 31°02'19" West, a distance of 21.72 feet to a point for corner, for the beginning of a non-tangent curve to the left having a radius of 1130.00 feet and a central angle of 33°00'40", and a long chord which bears North 73°51'43" West, 642.08 feet, said point being in the existing east right-of-way line of said Plano Parkway; THENCE along said existing east right-of-way line, and along said non-tangent curve to the left an arc distance of 651.05 feet to a point for corner; 127 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 4 1775.015‐1\92482.8 THENCE South 89°38'05" West, continuing along said existing east right-of-way line, a distance of 647.23 feet to a point for corner, for the beginning of a non-tangent curve to the right having a radius of 950.00 feet and a central angle of 40°05'36" and a long chord which bears North 70°19'29" West, 651.29 feet; THENCE continuing along said existing east right-of-way line, and along said non-tangent curve to the right an arc distance of 664.77 feet to a point for corner, for the beginning of a reverse curve to the left having a radius of 1050.00 feet, a central angle of 10°49'02", and a long chord which bears North 55°41'04" West, 197.94 feet; THENCE continuing along said existing east right-of-way line, and along said reverse curve to the left, an arc distance of 198.23 feet to the POINT OF BEGINNING and CONTAINING 3,575,716 square feet, 82.09 acres of land, more or less.ꢀ 128 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 5 1775.015‐1\92482.8 TRACT 2. (LGC Property on which parking for the Facility will be constructed) 129 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 6 1775.015‐1\92482.8 130 Exhibit F Legal Description of the Facility Property (107.57 Acres) Tract 1 (LLC Property) and Tract 2 (LGC Property) The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit F - Description of Facility Property Page 7 1775.015‐1\92482.8 131 Exhibit G Assessment Roll The Colony Public Improvement District No. 1 Amended and Restated Service and Assessment Plan Exhibit G- – Assessment Roll Page 1 1775.015‐1\92482.8 1. Outstanding 2013 Facility Public Improvement Assessment levied against Facility Property consisting of Tax Parcels No. 657618 and 657619 is $80,646,886.55. 2. Assessment Roll for Additional Facility Public Improvements and Related Development Public Improvements as levied by the 2020 Assessment Ordinance: ꢀ ꢀ 132 Exhibit G-1 Exhibit G-1 to The Colony SERVICE AND ASSESSMENT PLAN Page 1 1775.015‐1\92482.8 133 Exhibit G-1 Exhibit G-1 to The Colony SERVICE AND ASSESSMENT PLAN Page 2 1775.015‐1\92482.8 134 Exhibit G-1 Exhibit G-1 to The Colony SERVICE AND ASSESSMENT PLAN Page 3 1775.015‐1\92482.8 135 Exhibit G-1 Exhibit G-1 to The Colony SERVICE AND ASSESSMENT PLAN Page 4 1775.015‐1\92482.8 136 Exhibit H Exhibit H Form of Reimbursement Agreement Page 1 1775.015‐1\92482.8 CITY OF THE COLONY PUBLIC IMPROVEMENT DISTRICT NO. 1 REIMBURSEMENT AGREEMENT This City of The Colony Public Improvement District No. 1 Reimbursement Agreement (this “Reimbursement Agreement”) is executed by the City of The Colony, Texas (the "City") and The Colony _______ Development Corporation (the "Corporation"). The City and the Corporation are individually referred to as a "Party" and collectively as the "Parties". RECITALS A. WHEREAS, on October 8, 2012, the City Council of the City (the "City Council") passed and approved Resolution No. 2012-073 that created the City of The Colony Public Improvement District No. 1 (the "District") pursuant to Chapter 372, Texas Local Government Code, as amended (the "Act"); and B. WHEREAS, the District includes approximately 439.12 contiguous acres within the corporate limits of the City south of and adjacent to the Sam Rayburn Tollway (State Highway 121), north of and adjacent to Plano Parkway, and west of Spring Creek Parkway, which property is described in Resolution No. 2012-073 (the "Property"); and C. WHEREAS, the Corporation intends to issue Public Improvement Bonds designated [INSERT DESCRIPTION OF BONDS], dated February 1, 2013 (the “Series 2013 Bonds”) to finance Public Improvements which are authorized projects under the Act; and D. WHEREAS, on February 7, 2013, the City Council passed and approved Ordinance No. 2013-1992 (the "Assessment Ordinance"), which ordinance, among other provisions, approved the City of The Colony Public Improvement District No. 1 Service and Assessment Plan, dated February 7, 2013, (as amended, the "Service and Assessment Plan"); and E. WHEREAS, capitalized terms used in this Reimbursement Agreement have the meanings given to them in this Reimbursement Agreement, and if not expressly defined in this Reimbursement Agreement, the meanings given to them in the Service and Assessment Plan; and F. WHEREAS, the Assessment Ordinance levied an Assessment against the Facility Property in the amount of $__________, which amount represents the special benefit conferred on the Facility Property by the Facility Public Improvements; and G. WHEREAS, the Service and Assessment Plan and the Assessment Ordinance provide that the Assessment against the Facility Property will be paid in Semi-Annual Installments beginning September 1, 2013, and continuing every March 1 and September 1 thereafter until such Assessment is paid in full, including Delinquent Collection Costs and any other related amounts owed under the Service and Assessment Plan; and H. WHEREAS, the City will deposit all Assessment Revenue from the collection of Semi- Annual Installments of the Assessment against the Facility Property into the PID Operating 137 Exhibit H Exhibit H Form of Reimbursement Agreement Page 2 1775.015‐1\92482.8 Account and thereafter transfer a portion of such Assessment Revenue into a sub-account corresponding to each issue of Public Improvement Bonds, including the Series 2013 Bonds. All funds held in the PID Operating Account, and each sub-account therein, are owned by the City and will remain segregated from other City revenue and may be used solely for the purposes set forth in the Service and Assessment Plan and this Reimbursement Agreement; and I. WHEREAS, the City will transfer all funds in the sub-account of the PID Operating Account relating to the Series 2013 Bonds (the "Reimbursement Revenue") to the Corporation pursuant to this Reimbursement Agreement, and the Corporation will pledge such Reimbursement Revenue as additional security for the Series 2013 Bonds as set forth in the Service and Assessment Plan, this Reimbursement Agreement, and the applicable trust indenture setting forth the terms and other provisions related to the issuance of such Series 2013 Bonds; and J. WHEREAS, the Parties intend that: a. the Assessment levied against the Facility Property will be collected by the City in Semi-Annual Installments to pay Debt Service Shortfalls for Public Improvement Bonds issued by the Corporation, including the Series 2013 Bonds, as provided in the Service and Assessment Plan and this Reimbursement Agreement; and b. Assessment Revenue from the collection of Semi-Annual Installments will be deposited by the City into the PID Operating Account as provided in the Service and Assessment Plan and this Reimbursement Agreement; and c. A portion of the Assessment Revenue will be transferred by the City to each sub- account of the PID Operating Account, including the sub-account relating to the Series 2013 Bonds, and will be held in such sub-account until payable to the Corporation as Reimbursement Revenue as provided in this Reimbursement Agreement; and d. Reimbursement Revenue payable to the Corporation under this Reimbursement Agreement will be pledged as additional security for Series 2013 Bonds; and e. Reimbursement Revenue payable to the Corporation under this Reimbursement Agreement will be transferred by the Corporation to the applicable trustee under any trust indenture or similar document setting forth the terms and other provisions related to the Series 2013 Bonds (the "Trustee"). NOW THEREFORE, for and in consideration of the agreements contained herein, and other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 1. The City agrees to pay to the Corporation upon the terms and conditions set forth in this Reimbursement Agreement, the sum of _______________________________ ($__________) plus interest as authorized by Section 372.018(a) of the Act (the "Reimbursement Amount"). 2. On each Semi-Annual Calculation Date, the Corporation will calculate the amount, as of such date, of the Debt Service Shortfall, if any, relating to the Series 2013 Bonds based on the 138 Exhibit H Exhibit H Form of Reimbursement Agreement Page 3 1775.015‐1\92482.8 "Bond Debt Service" schedule attached as Exhibit B, and such amount shall be the portion of the corresponding Semi-Annual Installment of the Assessment against the Facility Property due as Reimbursement Revenue to the Corporation on the immediately following September 5 and March 5, as applicable, under this Reimbursement Agreement. The amount, if any, of taxes or other revenue received by the Corporation after each Semi-Annual Calculation Date will be carried forward and used to calculate the Debt Service Shortfall on the next Semi-Annual Calculation Date. The Corporation will certify to the City in writing of the amount of such Debt Service Shortfall by the close of business on each Semi-Annual Calculation Date. Such written notification may be by facsimile or electronic mail. 3. On or before each Semi-Annual Billing Date, the City will calculate the amount of the Semi-Annual Installment to be paid by the owner of the Facility Property as provided in the Service and Assessment Plan and will send to the owner of the Facility Property on or before the Semi-Annual Billing Date a bill setting forth (i) the amount of the Semi-Annual Installment, which shall include the amount owed to the Corporation under this Reimbursement Agreement and any other amounts owed under the Service and Assessment Plan and corresponding reimbursement agreements, and (ii) the due date for payment of the Semi-Annual Installment (which payment date shall begin September 1, 2013, and continue each March 1 and September 1 thereafter so long as Public Improvement Bonds issued by the Corporation remain outstanding). Each Semi-Annual Installment shall be delinquent if not paid by the owner of the Facility Property within three calendar days after its due date. 4. For so long as any Public Improvement Bonds issued by the Corporation are outstanding, the City will take and pursue all actions directed by the Corporation or Trustee, as applicable, that are permissible under the Act to cause the Semi-Annual Installments to be collected and the liens securing the installments to be enforced in the manner and to the maximum extent permitted by the Act. If the City determines that any Semi-Annual Installment is delinquent, the City will notify the Corporation and the Trustee as soon as practicable. The Corporation and/or the Trustee shall direct the City to implement the timeline and procedures set forth on Exhibit A attached hereto. Both the Corporation and the City acknowledge the agreement set forth herein has also been made between the City and each of The Colony ________ Development Corporation and The Colony ________ Development Corporation in separate reimbursement agreements relating to Public Improvement Bonds issued by those entities; and, the agreement set forth herein may also be made between the City and the Corporation in relation to additional series of Public Improvement Bonds issued by the Corporation. The Corporation or either of the other two development corporations, acting singularly or jointly, may direct the City to implement the procedures set forth in Exhibit A. If the City receives conflicting direction from one or more of the Corporation or either of the other two development corporations and/or the Trustee(s), as applicable, the City shall implement and follow the procedures in Exhibit A. 5. The City shall create a PID Operating Account and a sub-account therein corresponding to each issue of Public Improvement Bonds, including the Series 2013 Bonds, and shall keep such PID Operating Account and sub-accounts separate from all other funds of the City. The 139 Exhibit H Exhibit H Form of Reimbursement Agreement Page 4 1775.015‐1\92482.8 City shall deposit into the sub-account relating to the Series 2013 Bonds the amount of Reimbursement Revenue due to the Corporation pursuant to this Reimbursement Agreement. The transfer by the City to the Corporation of Reimbursement Revenue for the Series 2013 Bonds shall begin September 5, 2013, and shall continue each March 5 and September 5 thereafter so long as any Series 2013 Bonds remain outstanding. 6. The Corporation will transfer all Reimbursement Revenue received from the City within two business days after receipt to the Trustee for immediate deposit into the bond fund or applicable accounts therein as required under the trust indenture and supplements thereto relating to the Series 2013 Bonds. 7. The Reimbursement Amount and the principal amount of the Assessment against the Facility Property shall be reduced each year by the annual reduction of outstanding principal of the Series 2013 Bonds. 8. If any owner of the Facility Property prepays in full or in part any unpaid principal amount of the Assessment as provided in Section 4.8 of the Service and Assessment Plan, the City shall immediately transfer to the Corporation, on a pro-rata basis, the amount of such prepayment that corresponds to the amount of outstanding principal of any Public Improvement Bonds issued by the Corporation as of the date of such prepayment. Upon receipt, the Corporation shall immediately transfer such prepayment funds, on a pro-rata basis corresponding to the amount of outstanding principal of the Series 2013 Bonds, to the Trustee for deposit into the "Bond Fund" for the Series 2013 Bonds, and such prepayment funds shall be used only to redeem any outstanding Series 2013 Bonds. 9. All payments due in accordance with the Service and Assessment Plan and this Reimbursement Agreement shall be treated the same with respect to the liens created to secure payment and the rights of the City, including foreclosure, in the event of delinquencies. Any foreclosure sale for nonpayment of any such amounts shall be subject to a continuing lien for the remaining unpaid amounts in accordance with state law. 10. Except for the rights transferred by this Reimbursement Agreement to the Trustee, the obligations, right, title, and interest of the Parties under this Reimbursement Agreement may not be assigned, transferred, encumbered, or impaired in any way without the prior written consent of all the Parties and the Trustee. None of the Parties shall take any action that would impair or adversely impact the collection of Semi-Annual Installments by the City, the deposit of Assessment Revenue into the PID Operating Account, or the use of the PID Operating Account as provided in the Service and Assessment Plan or this Reimbursement Agreement. 11. The obligations of the City to timely bill the owner of the Facility Property for each Semi-Annual Installment of the Assessment against the Facility Property, collect Semi-Annual Installments, deposit Assessment Revenue into the PID Operating Account and applicable sub- accounts therein, and use the PID Operating Account and applicable sub-accounts therein as set forth in the Service and Assessment Plan and this Reimbursement Agreement are absolute and unconditional and are not subject to any rights of offset of any kind that the City may have or 140 Exhibit H Exhibit H Form of Reimbursement Agreement Page 5 1775.015‐1\92482.8 assert, and the City does not have, and for so long as any Series 2013 Bonds remain outstanding or until the Reimbursement Amount has been paid in full, will not assert, any defenses to the City's performance of such obligations. 12. The obligations of the Corporation to calculate and certify to the City the Debt Service Shortfalls and corresponding amount of the Semi-Annual Installments due to the Corporation under this Reimbursement Agreement as provided in the Service and Assessment Plan and this Reimbursement Agreement and to use the Reimbursement Revenue as set forth in the Service and Assessment Plan and this Reimbursement Agreement are absolute and unconditional and are not subject to any rights of offset of any kind that the Corporation may have or assert, and the Corporation does not have, and for so long as any Series 2013 Bonds remain outstanding or until the Reimbursement Amount has been paid in full, will not assert, any defenses to the Corporation's performance of such obligations. 13. The _____ Property shall not be transferred to private ownership unless the private transferee acquires (and agrees to maintain for so long as any Public Improvement Bonds are outstanding) such insurance as the City and the Corporation may require (including, but not limited to, casualty loss and business interruption insurance) covering the Facility Property, the Facility, and the contents thereof in amounts and with coverage limits determined by the City and the Corporation as reasonably necessary to repair and restore the Facility and replace the contents (including furniture, fixtures, and inventory) thereof and otherwise to facilitate the return of the Facility to full operational status as soon as reasonably possible. 14. This Reimbursement Agreement is being executed and delivered, and is intended to be performed in Denton County, Texas. Except to the extent that the laws of the United States may apply to the terms hereof, the substantive laws of the State of Texas shall govern the validity, construction, enforcement, and interpretation of this Reimbursement Agreement. 15. If a court finds any provision of this Reimbursement Agreement to be invalid or unenforceable as to any person or circumstance, such finding shall not render the provision invalid or unenforceable as to any other persons or circumstances. To the extent feasible, any provision found to be invalid or unenforceable shall be deemed to be modified to be valid and enforceable; however, if the provision cannot be so modified, it shall be stricken from this Reimbursement Agreement, and all other provisions of this Reimbursement Agreement shall remain valid and enforceable and unaffected by the stricken provision. 16. Any notice required or contemplated by this Reimbursement Agreement must be in writing and shall be deemed given at the addresses shown below: (a) when delivered by a nationally recognized delivery service such as FedEx or UPS with evidence of delivery signed by any person at the delivery address regardless of whether such person is the named addressee; or (b) 72 hours after deposited with the United States Postal Service, Certified Mail, Return Receipt Requested. A Party may change its address by giving notice in accordance with this section. 141 Exhibit H Exhibit H Form of Reimbursement Agreement Page 6 1775.015‐1\92482.8 To the City: The City of The Colony, Texas 6800 Main Street The Colony, Texas 75056 With a copy to: Brown and Hofmeister, LLP: c/o Jeff Moore 740 East Campbell Road, Suite 800 Richardson, Texas 75081 To the Corporation: The Colony __________ Development Corporation 6800 Main Street The Colony, Texas 75056 With a copy to: Brown and Hofmeister, LLP: c/o Jeff Moore 740 East Campbell Road, Suite 800 Richardson, Texas 75081 To the Trustee: Wells Fargo Bank, National Association c/o Kushina White, Assistant Vice President 750 N. St. Paul Place, Suite 1750 MAC T9263-170 Dallas, Texas 75201 17. Failure; Default; Remedies a. Except as provided in subsection (b) below, if any Party fails to perform any obligation imposed on such Party by this Reimbursement Agreement (a “Failure”) and the Failure is not cured within 30 days after written notice of the Failure is provided to the non-performing Party, then such Failure shall constitute a “Default” by the non-performing Party. b. Notwithstanding subsection (a) above, if the City fails to transfer Reimbursement Revenue to the Corporation as required by this Reimbursement Agreement, such failure shall constitute an immediate "Default" by the City without notice or any opportunity to cure. c. If the Corporation is in Default, the City's sole and exclusive remedy shall be to compel performance through injunctive relief or specific performance. No default by the Corporation shall entitle the City to terminate this Reimbursement Agreement. 142 Exhibit H Exhibit H Form of Reimbursement Agreement Page 7 1775.015‐1\92482.8 d. If the City is in Default, the sole and exclusive remedy of the Corporation shall be to compel performance through injunctive relief or specific performance. No default by the City shall entitle the Corporation to terminate this Reimbursement Agreement. This Reimbursement Agreement is a contract for providing goods and services within the meaning of Section 271.151, Texas Local Government Code, as amended, and the unpaid Reimbursement Amount is the balance due and owed by the City to the Corporations within the meaning of Section 271.153, Texas Local Government Code, as amended. 18. This Reimbursement Agreement supersedes all prior agreements (whether written or oral) between the Parties regarding the subject matter hereof and constitutes the only agreement between the Parties with regard to the subject matter hereof. In the event of any conflict between this Reimbursement Agreement and any other resolution, order, instrument, document, or agreement, the provisions and intent of this Reimbursement Agreement shall control. This Reimbursement Agreement may only be amended by written agreement of the Parties. 19. The Corporation, as the current owner of the _____ Property subject to the Assessment under the Service and Assessment Plan, hereby acknowledges the Assessment on the Facility Property and agree to pay such Assessment in Semi-Annual Installments as provided in the Service and Assessment Plan. 20. The Trustee shall be a third party beneficiary under this Reimbursement Agreement, and such Trustee shall be entitled to fully enforce the terms of this Reimbursement Agreement for the benefit of the holders of the Series 2013 Bonds as if the Trustee were a party to this Reimbursement Agreement. 21. The term of this Reimbursement Agreement shall begin on February ___, 2013, and shall continue until the Series 2013 Bonds have been paid in full or until the Reimbursement Amount, including interest, has been paid in full. IN WITNESS WHEREOF, the Parties have caused this Reimbursement Agreement to be executed as of February 7, 2013. City of The Colony, Texas By: Joe McCourry, Mayor Date: February 7, 2013 ATTEST: Christie Wilson, City Secretary 143 Exhibit H Exhibit H Form of Reimbursement Agreement Page 8 1775.015‐1\92482.8 APPROVED AS TO FORM Jeff Moore, City Attorney The Colony ____________ Development Corporation, a Texas non-profit corporation By: ________________, President Date: February 7, 2013 144 Exhibit A to Reimbursement Agreement Exhibit H Form of Reimbursement Agreement Page 1 1775.015‐1\92482.8 TIMELINE FOR ASSESSMENT COLLECTIONS AND PURSUIT OF DELINQUENCIES1 Date: Activity: August 1, 2013 and each February 1 and August 1 thereafter Corporation is required to calculate the amount of any Debt Service Shortfall relating to its Public Improvement Bonds; and, once calculated, the Corporation will certify in writing to the City the amount(s), if any, so calculated. August 15, 2013 and each February 15 and August 15 thereafter City will calculate the Semi-Annual Installment and, if any amount is due, the City shall submit a bill to the owner of the Facility Property subject to the Assessment. September 1, 2013 and each March 1 and September 1 thereafter Semi-Annual Installment of Assessment is due to the City. Semi-Annual Installment of Assessment becomes delinquent if not received by the City by March 4 or September 4. No later than September 5, 2013 and each March 5 and September 5 thereafter City will forward Reimbursement Revenues, if any, to the Corporation from the sub-account or sub-accounts of the PID Operating Account relating to any Public Improvement Bonds issued by the Corporation. If the City receives Assessment Revenue that is required to pay the amount of Reimbursement Revenue owed by the City to the Corporation after March 4 or September 4, the City will forward such Reimbursement Revenues within two (2) days of the receipt thereof. No later than two days after the receipt of Reimbursement Revenue from the City Corporation will forward all Reimbursement Revenue received to the Trustee(s). On or before March 20 or September 20, as applicable City is aware of actual and specific delinquencies and will notify the Corporation of such delinquencies. Upon notification by the City, the Corporation or the dissemination agent, if any, will file an EMMA disclosure of all delinquencies If payment of any Semi-Annual Installment by a property owner is delinquent but there is adequate funding for the upcoming bond debt service payment, no further action for collection is required except that the City, working with its attorney or an appropriate designee, will send supplemental billings/demand letters at least monthly to the delinquent property owner(s). Any amounts so collected will then be paid to the Corporation in accordance with the Service and Assessment Plan and the Reimbursement Agreement. If payments of any Semi-Annual Installment by a property owner is delinquent ꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀꢀ 1 All capitalized terms shall have the meaning set forth in the Reimbursement Agreement. 145 Exhibit A to Reimbursement Agreement Exhibit H Form of Reimbursement Agreement Page 2 1775.015‐1\92482.8 and there is inadequate funding to pay the upcoming bond debt service payment, the collection-foreclosure procedure against all delinquent property will proceed beginning the next February 1 immediately following the bond debt service payment date for which there were inadequate funds if such amounts remain unpaid on such date. The City, working with its attorney or an appropriate designee, will send supplemental billings/demand letters at least monthly to the delinquent property owner(s). Any amounts so collected will then be paid to the Corporation in accordance with the Service and Assessment Plan and the Reimbursement Agreement. The Corporation will determine if Debt Service Reserve Fund needs to be utilized for debt service payment on April 1 or October 1. If there is to be a shortfall in amounts necessary to pay bond debt service on any April 1 or October 1, the Corporation will immediately notify the Trustee(s) and the dissemination agent, if any. April 1 and October 1 Bond debt service payments due. The Corporation or the dissemination agent, if any, will file an EMMA disclosure if Debt Service Reserve Fund is utilized for Debt Service. Use of Debt Service Reserve Fund triggers commencement of foreclosure on delinquent property on the February 1 immediately following such use. February 1, 2014 and each February 1 thereafter If on any February 1, commencing February 1, 2014, the payment of any Semi- Annual Installment by a property owner remains delinquent, the City, upon direction from the Corporation and/or the Trustee, shall work with its attorney, or the appropriate designee, to commence preliminary foreclosure procedures, including sending final demand letters and actual foreclosure analysis including ordering of the title reports, etc. Within 72 hours of the commencement of foreclosure procedures, the City will notify the Corporation of the plan of collections and foreclosure. Within 72 hours of notification by the City of the plan of collections and foreclosure, the Corporation will notify the Trustee(s) and Dissemination Agent, if any, of the plan of collection and foreclosure. Upon notification by the Corporation or the Dissemination Agent, if any, shall file an EMMA of the plan of collections and foreclosure. The designated lawyers or law firm will prepare formal foreclosure documents and will provide periodic updates to the City, Corporation and Trustee(s) for dissemination to bondholders who have requested to be notified of the collections process. The goal for the foreclosure action is filing by no later than June 30 (day 149) following the February 1 on which the preliminary foreclosure procedures commenced. June 30 Foreclosure action filed in state district court. City to notify Corporation, Trustee(s) and Dissemination Agent, if any, of filing of foreclosure action. 146 Exhibit B to Reimbursement Agreement Bond Debt Service Schedule Exhibit H to The Colony SERVICE AND ASSESSMENT PLAN – Reimbursement Agreement Page 1 1775.015‐1\92482.8 147 1775.015-1\94227.2 Exhibit B SUMMARY OF ASSESSMENTS AGAINST FACILITY PROPERTY 2013 Assessment Levied Against Facility Property:$ 83,400,000.00 Total 2013 Assessment against Facility Property Outstanding as of 12/31/2020: $ 80,646,886.55 Annual Assessments Levied against Facility Property as of 12/31/2020:$ 4,703,571.07 Total Outstanding Annual Assessments levied against Facility Property as of 12/31/2020:$ 570,667.99 Total Outstanding Assessment Against Facility Property as of 12/31/2020(1) $ 81,217,554.54 (1) Amount shown is calculated based on the outstanding par amount of the 2013 Project Infrastructure Bonds as of December 31, 2020 and includes the 2020 Annual Assessment levied against the Facility Property for Additional Facility Improvements that is due on or before January 31, 2021. Amount shown is not reduced by the $3,759,788 in semi-annual installments that have been billed to the landowner of the Facility Property and paid in full under the terms of the Service and Assessment Plan and the 2013 LGC Sales Tax Bonds Reimbursement Agreement for the purpose of paying Debt Service Shortfalls for the 2013 LGC Sales Tax Bonds in the years 2017, 2018 and 2019. Under the terms of the Service and Assessment Plan and the 2013 LGC Sales Tax Bonds Reimbursement Agreement, the payments of such semi-annual installments do not reduce the outstanding assessments. SUMMARY OF ASSESSMENTS AGAINST RELATED DEVELOPMENT PROPERTY Annual Related Development Assessments Levied Against Related Development Property as of 12/31/2020:$ 3,065,738.95 Total Outstanding Annual Assessments levied against Related Development Property as of 12/31/2020(1) $ 490,441.03 (1) Does not include the 2013 Related Development Deferred Assessment in the amount of $11,400,000 which, as of 12/31/2020, the City has not levied against the Related Development Property. 148 Agenda Item No:4.7 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: General Admin Item Type: Resolution Agenda Section: Subject: Consider and approve a Resolution of the City Council of The City of The Colony, Texas, Approving an Amended and Restated Management Agreement by and between the City of The Colony, Texas, The Board of Directors of Tax Increment Reinvestment Zone Number One, City of The Colony, Texas, and The Colony Local Development Corporation, Concerning Reinvestment Zone Number One, City of The Colony, Texas; Providing a Severability Clause; and Providing for an Effective Date. (Maurina) Suggested Action: Attachments: Res. 2021-xxx Approving Management Agreement.pdf 149 101610769.4/1001110572 Page 1 SECRETARY’S CERTIFICATE THE STATE OF TEXAS § § THE CITY OF THE COLONY, TEXAS COUNTY OF DENTON § I, the undersigned Secretary of the City Council (the “City Council”) of the City of The Colony, Texas (the “City”), hereby certifies as follows: 1. The Board convened at a meeting (the “Meeting”), open to the public, on January 19, 2021, and the roll was called of the members of the City Council, to-wit: JOE MCCOURRY ) MAYOR RICHARD BOYER ) MAYOR PRO TEM KIRK MIKULEC ) DEPUTY MAYOR PRO TEM BRIAN WADE ) DAVID TERRE ) COUNCIL MEMBERS PERRY SCHRAG ) JOEL MARKS ) All members of the City Council were present, except the following: ______________________, thus constituting a quorum. Whereupon among other business, the following transaction was considered and approved at such Meeting: A written: RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING AN AMENDED AND RESTATED MANAGEMENT AGREEMENT BY AND BETWEEN THE CITY OF THE COLONY, TEXAS, THE BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF THE COLONY, TEXAS, AND THE COLONY LOCAL DEVELOPMENT CORPORATION, CONCERNING REINVESTMENT ZONE NUMBER ONE, CITY OF THE COLONY, TEXAS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE (the “Resolution”) was duly introduced for the consideration of the City Council. It was then duly moved and seconded that such Resolution be adopted; and, after due discussion, such motion, carrying with it the adoption of such Resolution, prevailed and carried by the following votes: AYES: _______ NOES: ________ 150 101610769.4/1001110572 Page 2 2. A true, full, and correct copy of the aforesaid Resolution adopted at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; such Resolution has been duly recorded in the City Council’s minutes of such Meeting; the above and foregoing paragraph is a true, full, and correct excerpt from the City Council’s minutes of such Meeting pertaining to the adoption of such Resolution; the persons named in the above and foregoing paragraph are the duly chosen qualified, and acting officers and members of the City Council as indicated therein; each of the officers and members of the City Council was fully and sufficiently notified officially and personally, in advance, of the time, place, and purpose of such Meeting, and that such Resolution would be introduced and considered for adoption at such Meeting and each such officers and members consented, in advance, to the holding of such Meeting for such purpose; and such Meeting was open to the public, and public notice of the time, place, and purpose of such Meeting was given, all as required by Chapter 551, Texas Government Code, as amended. SIGNED this . ________________________________________ Tina Stewart, City Secretary 151 101610769.4/1001110572 Page 1 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2021-_____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING AN AMENDED AND RESTATED MANAGEMENT AGREEMENT BY AND BETWEEN THE CITY OF THE COLONY, TEXAS, THE BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, CITY OF THE COLONY, TEXAS, AND THE COLONY LOCAL DEVELOPMENT CORPORATION, CONCERNING REINVESTMENT ZONE NUMBER ONE, CITY OF THE COLONY, TEXAS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, after a public hearing held on November 8, 2011, the City Council of the City of The Colony, Texas (the “City Council”), approved Ordinance No. 2011-1926, designating Reinvestment Zone Number One, City of The Colony, Texas (the “Zone”) in accordance with and pursuant to Chapter 311 of the Texas Tax Code, as amended; and WHEREAS, on November 15, 2011, the City Council for the City (the “City Council”), and the board of directors for the Zone (the “Zone Board”) approved the Final Project and Reinvestment Zone Financing Plan for the Zone (the “Final Project and Finance Plan”); and WHEREAS, Section 311.010(f) of the Texas Tax Code provides the authority for the City Council, the Zone Board, and The Colony Local Development Corporation (the “Corporation”) to enter into a Management Agreement to address the management of the Zone, and the implementation of the Final Project and Finance Plan; and WHEREAS, the City, the Zone Board, and the Corporation entered into that certain Management Agreement, effective as of December 6, 2011, and the City and the Corporation now wish to amend and restate such Management Agreement (the “Amended and Restated Management Agreement”), attached hereto as Exhibit A; and WHEREAS, the City Council hereby determines it is in the best interest of the City of The Colony, Texas, to adopt this Resolution approving the attached Amended and Restated Management Agreement. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THAT: SECTION 1. The findings set forth above are incorporated into the body of this Resolution as if fully set forth herein. SECTION 2. The City Council of the City of The Colony, Texas, does hereby approve the Management Agreement and authorizes the Mayor and City Secretary of the City Council to execute the Management Agreement, a copy of which is attached hereto as Exhibit A. 152 101610769.4/1001110572 Page 2 SECTION 3. If any section, article, paragraph, sentence, clause, phrase or word in this Resolution, or application thereto to any persons or circumstances, is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this Resolution, and the City Council hereby declares it would have passed such remaining portions of this Resolution despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 4. This Resolution shall become effective immediately upon passage. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THIS THE 19th DAY OF JANUARY, 2021. Joe McCourry, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 153 101610769.4/1001110572 Page 1 AMENDED AND RESTATED MANAGEMENT AGREEMENT This Amended and Restated Management Agreement (this "Agreement") is executed by the City of The Colony, Texas (the "City"), the Board of Directors of Tax Increment Reinvestment Zone Number One, City of The Colony, Texas (the "Zone Board"), and The Colony Local Development Corporation (the "Corporation") to be effective as of the Effective Date as provided herein, and to continue until the Zone is terminated. 1. RECITALS 1.1 WHEREAS, words and phrases used in this Agreement that have their initial letters capitalized shall have the meanings given to them in the introductory paragraph above, in these RECITALS, and in Section 2 unless the context in which a word or phrase is used clearly requires a different meaning; 1.2 WHEREAS, unless otherwise specified, all references to "Section" mean a section of this Agreement; 1.3 WHEREAS, the recitals set forth in this Section 1 are true and correct and constitute representations and warranties of the Parties; and which recitals form the basis upon which the Parties entered into this Agreement; and but for the truth and correctness of the recitals the Parties would not have entered into this Agreement; 1.4 WHEREAS, the Zone was created by the City as an economic development tool to pay TIF Project Costs including, but not limited to, costs for: (i) public works within and outside the Zone; (ii) public improvements within and outside the Zone; (iii) programs for the public purpose of economic development within the Zone to facilitate and/or pay for projects that benefit the Zone, develop and diversify the economy of the Zone, and stimulate business and commercial activity within the Zone; including, but not limited to, programs under Chapter 380, Texas Local Government Code, as amended; (iv) other projects that benefit the Zone; and (v) costs and expenses incidental to the foregoing works, improvements, programs, and projects from all or a portion of: (A) increased ad valorem taxes collected by the City and the County from within the Zone and attributable to new development within the Zone; and (B) increased sales and use taxes collected by the City within the Zone and attributable to new development within the Zone; 154 101610769.4/1001110572 Page 2 1.5 WHEREAS, Section 311.010(f) of the TIF Act authorizes the City and the Zone Board to contract with the Corporation to manage the Zone and to implement the Project and Finance Plan; 1.6 WHEREAS, the Corporation was formed pursuant to the provisions of the Transportation Code which authorizes the Corporation to assist and act on behalf of the City and to engage in activities in the furtherance of the purposes for which the Corporation was created; 1.7 WHEREAS, the Corporation was organized for the purposes of aiding, assisting, and acting for and on behalf of the City in the performance of the City’s governmental functions, including, but not limited to: (i) providing a means to implement and finance the costs of projects located within and outside of, and benefitting, the Zone, including: (A) public works within and outside such Zone, (B) public improvements within and outside such Zone, (C) programs determined by the City Council to be necessary or convenient to the implementation of the Project and Finance Plan for the public purposes of developing and diversifying the economy of the Zone and developing and expanding business and commercial activity within the Zone, (D) other projects that benefit the Zone, and, (E) costs and expenses incidental to the foregoing works, improvements, programs, and projects; (ii) causing and arranging for all of the acquisition, design, construction, assembly, installation, implementation, operation and maintenance of the foregoing works, improvements, programs, and projects; (iii) issuing bonds and notes for the financing of the foregoing works, improvements, programs, and projects; and, (iv) owning, leasing, selling, granting, transferring, conveying and otherwise being responsible for the foregoing works, improvements, programs, and projects; all for the public purpose of encouraging development and redevelopment within the Zone; 1.8 WHEREAS, the Corporation is further authorized to aid, assist, and act on behalf of the City and the Zone Board in the management of the Zone and the implementation of the Project and Finance Plan, including the exercise of all the powers of the City and the Zone Board under Chapter 380, Texas Local Government Code, as amended; 1.9 WHEREAS, in acting on behalf of the City, the Corporation will assist the City in the performance of the City’s governmental functions to promote, develop, encourage, and maintain employment, commerce, and economic development in the City, the Zone, and the State of Texas; 155 101610769.4/1001110572 Page 3 1.10 WHEREAS, to the extent necessary to carry out its authorized purposes, the Corporation shall have and exercise all of the rights, powers, privileges, authority, and functions given by the general laws of the State to corporations incorporated under the Transportation Code including, without limitation, all powers not in conflict with the Transportation Code granted to domestic nonprofit corporations by the Texas Nonprofit Corporation Law as defined by Section 1.008 of the Texas Business Organizations Code and governed by Chapter 20 and 2022 and the provisions of Title 1 of the Texas Business Organizations Code, and shall have all other powers of a like or different nature not prohibited by law which are necessary or useful to enable the Corporation to perform the authorized purposes for which it was created; 1.11 WHEREAS, the Corporation is a constituted authority and a public instrumentality within the meaning of the regulations of the United States Treasury Department and the rulings of the Internal Revenue Service and is authorized to act on behalf of the City as provided in the articles of Incorporation of the Corporation; however the Corporation is not a political subdivision or political corporation of the State, and no agreements, bonds, debts, or obligations of the Corporation are or shall ever be deemed to be the agreements, bonds, debts, or obligations, or the lending of credit, or a grant of public money or thing of value, of or by the City, except as provided by State law, or any other political corporation, subdivision, or agency of the State, or a pledge of the faith and credit of any of them; 1.12 WHEREAS, it is contemplated that, subject to the limitations prescribed in the TIF Act, this Agreement, and the limitations of its articles of incorporation, the Corporation shall have the authority to issue or enter into, from time to time, one or more series of TIF Obligations, the proceeds of which will be used to pay TIF Project Costs, including but not limited to such amounts necessary to provide for the funding of any necessary reserve funds, capitalized interest amounts and the costs of issuance related to such TIF Obligations, in accordance with the Project and Finance Plan and Development Agreement; 1.13 WHEREAS, the sources of revenue to pay Public Works Project Costs will include the City Tax Increment, the City Sales Tax Increment, and any other funds legally 156 101610769.4/1001110572 Page 4 available to pay such costs, and an additional source of revenue to pay Public Works Project Costs, excluding costs for municipal buildings, will include the County Tax Increment; 1.14 WHEREAS, the sources of revenue to pay the Economic Development Project Costs (or, alternatively, implement the Economic Development Programs and make the corresponding Economic Development Grants) will include the City Sales Tax Increment, to the extent permitted by law, and any other funds legally available for such purpose; 1.15 WHEREAS, the TIF Act and Transportation Code, authorize the City and the Zone Board to enter into this Agreement with the Corporation for the purposes of providing management and administration for the Zone, providing for services and improvements, and otherwise performing the functions set forth herein, and, the City and the Zone Board agree to pay for the Corporation’s activities performed pursuant to this Agreement from the City Sales Tax Increment, the City Tax Increment and the County Tax Increment as provided in this Agreement; 1.16 WHEREAS, the City and the Zone Board desire to contract with the Corporation to provide the assistance described in this Agreement during the term of the Zone; 1.17 WHEREAS, the Corporation is willing to enter into this Agreement with the City and Zone Board setting forth the duties and responsibilities of the Corporation, the City and the Zone Board: and 1.18 NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and agreement herein contained, it is agreed as follows: 2. DEFINITIONS 2.1 "Agreement" is defined in the introductory paragraph and means this Amended and Restated Management Agreement, as amended. 2.2 "City" is defined in the introductory paragraph and means the City of The Colony, Denton County, Texas, a home-rule municipal corporation. 2.3 "City Council" means the governing body of the City. 157 101610769.4/1001110572 Page 5 2.4 "City Sales Tax Increment" is defined in the Project and Finance Plan. 2.5 “City Sales Tax Increment Subaccount” means the subaccount of the Tax Increment Fund held by the City on behalf of the Zone Board into which all City Sales Tax Increment is deposited upon receipt by the City pursuant to the TIF Act. 2.6 "City Tax Increment" is defined in the Project and Finance Plan. 2.7 “City Tax Increment Subaccount” means the subaccount of the Tax Increment Fund held by the City on behalf of the Zone Board into which the City Tax Increment, less the amounts required to be deposited into the City Tax Increment (50-acre) Subaccount, is deposited upon receipt by the City pursuant to the TIF Act. 2.8 “City Tax Increment (50-acre) Subaccount” means the subaccount of the Tax Increment Fund held by the City on behalf of the Zone Board into which the portion of City Tax Increment collected from the property taxes of that certain real property identified by the Denton Central Appraisal District Tax Property Identification Nos. 167701, 17337, and 275371 is deposited. 2.9 "Corporation" is defined in the introductory paragraph and means The Colony Local Development Corporation, a Texas nonprofit corporation created under the Transportation Code by Resolution No. 2011-075 adopted by the City Council on November 8, 2011, and legally formed by a certificate of incorporation (File No. 801506539) issued November 9, 2011, by the Texas Secretary of State. 2.10 "County" means Denton County, Texas. 2.11 "County Tax Increment" is defined in the Project and Finance Plan. 2.12 “County Tax Increment Subaccount” means the subaccount of the Tax Increment Fund held by the City on behalf of the Zone Board into which the County Tax Increment, less the amounts required to be deposited into the County Tax Increment (50-acre) Subaccount, is deposited upon receipt by the City pursuant to the TIF Act. 2.13 “County Tax Increment (50-acre) Subaccount” means the subaccount of the Tax Increment Fund held by the City on behalf of the Zone Board into which the portion of County Tax Increment collected from the property taxes of that certain real property identified by the 158 101610769.4/1001110572 Page 6 Denton Central Appraisal District Tax Property Identification Nos. 167701, 17337, and 275371 is deposited. 2.14 "Developer" means LMG Ventures, LLC and TXFM, Inc. 2.15 "Development Agreement" means that certain Development and Tax Increment Payment Agreement among the City, the Zone Board, the Corporation, and the Developer approved by Ordinance No. 2011-1932, adopted by the City Council on November 15, 2011. 2.16 "Economic Development Grants" are defined in the Project and Finance Plan. 2.17 "Economic Development Programs" are defined in the Project and Finance Plan. 2.18 "Economic Development Project Costs" are defined in the Project and Finance Plan. 2.19 “Effective Date” means the date of the delivery of the Corporation’s Tax Increment Contract Revenue Refunding Bonds (Nebraska Furniture Mart Texas Project) Taxable Series 2021. 2.20 "End Users" are defined in the Development Agreement. 2.21 "Notice" is defined in Section 5.1. 2.22 "Party" and "Parties" means, individually any of the City, the Zone Board, or the Corporation; and collectively, the City, the Zone Board, and the Corporation. 2.23 “Pledged Revenue Fund” is defined in Section 3.5.5. 2.24 “Proceeds Fund” is defined in Section 3.5.6. 2.25 "Project and Finance Plan" means the Final Project and Reinvestment Zone Financing Plan for Tax Increment Reinvestment Zone Number One, City of The Colony, Texas, approved by Ordinance No. 2011-1929 adopted by the City Council on November 15, 2011, as amended. 2.26 "Public Works Project Costs" are defined in the Project and Finance Plan. 2.27 "Public Works Projects" are defined in the Project and Finance Plan. 2.28 "Tax Increment Fund" shall mean the Tax Increment Fund created by the City pursuant to Ordinance No. 2011-1926 adopted on November 8, 2011, which included 159 101610769.4/1001110572 Page 7 subaccounts held therein; the City is required to deposit, or caused to be deposited, within such Fund the City Tax Increment, the City Sales Tax Increment, the County Tax Increment, the proceeds from the issuance of any TIF Obligations, and any other amounts otherwise required by the TIF Act. 2.29 "TIF Act" means the Tax Increment Financing Act, Chapter 311, Texas Tax Code, as amended. 2.30 "TIF Obligations" are defined in the Project and Finance Plan as one or more series of bonds or notes or other obligations secured in whole or in part by the Tax Increment Fund. 2.31 "TIF Project Costs" are defined in the Project and Finance Plan. 2.32 "TIF Projects" are defined in the Project and Finance Plan. 2.33 "Transportation Code" means Subchapter D of Chapter 431, Texas Transportation Code, as amended. 2.34 "Zone" means Reinvestment Zone Number One, City of The Colony, Texas, designated by the City Council pursuant to the TIF Act by Ordinance No. 2011-1926 adopted November 8, 2011. 2.35 "Zone Board" is defined in the introductory paragraph and means the Board of Directors established for the Zone by the City Council pursuant to the TIF Act by Ordinance No. 2011-1926 adopted November 8, 2011. 160 101610769.4/1001110572 Page 8 3. SERVICES OF THE CORPORATION 3.1 The Corporation will: (i) provide management and administrative services for the Zone as requested by the Zone Board and the City as necessary or convenient to the administration and implementation of the Project and Finance Plan; and (ii) perform or assist the Zone Board and the City in performing their respective obligations under the Project and Finance Plan and under any other agreements to which the Zone Board or the City is a party or by which either is bound and which are related to the administration or implementation of the Project and Finance Plan. 3.2 As requested by the Zone Board and the City, from time to time, the Corporation will assist the Zone Board and the City in the preparation of amendments to the Project and Finance Plan and the Development Agreement. 3.3 As requested by the City, from time to time, the Corporation will issue or enter into TIF Obligations and will deposit, or cause to be deposited, the proceeds from such TIF Obligations into the Tax Increment Fund to be used solely to pay TIF Project Costs. 3.4 Construction of TIF Projects. 3.4.1 TIF Projects shall be financed and constructed by the Corporation in phases in accordance with the terms, conditions and requirements of the Project and Finance Plan and Development Agreement. The Parties will cooperate and coordinate their activities so that the commencement, financing and construction of the TIF Projects occurs at such times as are necessary or desirable to meet the time requirements for the construction of other improvements within the Zone by the Developer or End Users. A construction schedule and budget for the construction of each phase of the TIF Projects shall be prepared, maintained and updated, from time to time, by the Corporation as required to implement the Project and Finance Plan and Development Agreement, which schedule and budget, when completed and updated, shall become part of this Agreement. The Parties shall use all reasonable efforts to construct the TIF Projects on a schedule that will satisfy the performance standards set forth in the Project and Finance Plan and Development Agreement. The Corporation may assign to the Developer the responsibility to prepare such construction schedule and budget, to prepare plans and specifications for the TIF Projects, to negotiate and recommend the award of contracts for the 161 101610769.4/1001110572 Page 9 design and construction of the TIF Projects, and to manage and oversee construction of the TIF Projects. The Zone Board and the City agree and acknowledge, and the Corporation acknowledges, that the Developer may seek and receive payment and reimbursement in accordance with this Agreement for all TIF Project Costs paid or incurred by the Developer in performing its assigned duties under the Developer Agreement, including, but not limited to, all costs and expenses paid or incurred by the Developer in connection with the creation of the Zone and the implementation of the Project and Finance Plan and Development Agreement, out of proceeds of TIF Obligations, the City Sales Tax Increment, the City Tax Increment , the County Tax Increment or other funds available under this Agreement or the Development Agreement, as applicable. 3.4.2 To the extent that any of the TIF Projects to be constructed are to be located in City owned rights-of-way, the City shall grant to the Corporation access thereto to enable the construction of such projects. In the event additional right-of-way is required to construct the TIF Projects, the City will cooperate with the Corporation to acquire the necessary right-of-way, including, but not limited to, the use of the City's condemnation powers. The acquisition of such right-of-way shall be at the expense of the Corporation. 3.4.3 To the extent the Corporation, the Zone Board, the City or the Developer incurs any costs, including financing costs, to undertake or construct any TIF Projects, such costs shall constitute TIF Project Costs incurred in furtherance of the Project and Finance Plan. A general description of the TIF Projects is contained in the Project and Finance Plan and Development Agreement; however such description is not intended to be an exhaustive list of projects. The Corporation will cause the TIF Projects to be constructed in substantial accordance with the Project and Finance Plan and Development Agreement. 3.4.4 All contracts for the acquisition, design or construction of TIF Projects shall be entered into by and in the name of the Corporation and shall be approved by the City (which approvals shall not be unreasonably withheld or delayed); however, all such contracts shall reflect that the "owner" of the TIF Projects being acquired, designed or constructed shall, at all times, be and remain the City. To the extent permitted by law, such contracts shall be exempt from any requirement for competitive bidding. Notwithstanding the fact that the City is the 162 101610769.4/1001110572 Page 10 "owner," the contractors nevertheless agree to look solely to the Corporation for payment, and the City shall have no liability whatsoever under such contracts, whether for payment or otherwise. 3.4.5 The Corporation shall require all contracts for the design and construction of TIF Projects to include provisions relating to performance bonds, surety bonds, insurance, and other performances standards that are approved by the City, which approvals shall not be unreasonably withheld or delayed. 3.4.6 All TIF Projects shall be designed and constructed in accordance with the applicable development regulations of the City including, but not limited to, zoning, subdivision, and building code regulations. Except as expressly required by such applicable regulations, the design and construction of the TIF Projects shall be determined by the Developer and End Users. 3.5 TIF Obligations. 3.5.1 The Parties agree that the Corporation has the authority to issue TIF Obligations that are to be repaid from moneys to be paid by the City and the Zone Board to the Corporation from the Tax Increment Fund pursuant to this Agreement. 3.5.2 The Parties agree that the Corporation has the power from time to time to issue TIF Obligations upon such terms and conditions as the Corporation and the City shall determine to be necessary or desirable to implement the Project and Finance Plan and Development Agreement. The TIF Obligations may be in the form of a bond, note or other debt instrument. 3.5.3 To implement the Project and Finance Plan and Development Agreement, the Corporation may issue TIF Obligations in an amount necessary to finance the acquisition, design and construction of the TIF Projects and pay TIF Project Costs (including amounts necessary to fund reserve funds, capitalized interest and pay costs of issuance) all of which will be repaid by the Corporation from payments made by the City and the Zone Board from the Tax Increment Fund pursuant to this Agreement. The issuance of TIF Obligations by the Corporation shall be subject to the approval of the City by a resolution duly adopted by the City Council. The deposit and disbursement of proceeds from the issuance of TIF Obligations shall be made in accordance with this Agreement, the applicable trust indenture for, and other bond documents related to, the related TIF Obligations. 163 101610769.4/1001110572 Page 11 3.5.4 The Corporation agrees to commence the process to issue and sell the TIF Obligations from time to time, at such times and in such amounts as are required to produce proceeds in an amount sufficient to acquire, design and construct the TIF Projects and pay TIF Project Costs. The Corporation shall issue and sell the TIF Obligations, from time to time, and the City and the Corporation shall hold and disburse the proceeds as provided in this Agreement, the applicable trust indenture for, and other bond documents related to, such TIF Obligations. 3.5.5 TIF Obligations issued by the Corporation shall be secured, in whole or in part, by funds deposited from time to time into the “Pledged Revenue Fund” created by the Corporation under the applicable trust indenture and held by the applicable trustee. The Pledged Revenue Funds are the accounts into which payments of the City Tax Increment, the City Sales Tax Increment and the County Tax Increment made by the City and Zone Board pursuant to this Agreement shall be deposited. The Corporation may, in its best interest, pledge or assign all or a portion of the City Tax Increment and the County Tax Increment for the payment of TIF Obligations in accordance with the terms of the applicable trust indenture for such TIF Obligations. The Pledged Revenue Funds will be maintained at all times in the manner provided in the applicable trust indenture for the related TIF Obligations. Moneys in the Pledged Revenue Funds may be invested and reinvested by the Corporation, or directed by the Corporation to be invested and reinvested, only in investments which would be eligible for investment by the City pursuant to the provisions of the Public Funds Investment Act (Chapter 2256, Texas Government Code). 3.5.6 All proceeds generated from the issuance of the TIF Obligations shall be deposited into the Tax Increment Fund and thereafter caused to be transferred by the City to the appropriate “Proceeds Fund,” created by the Issuer under the applicable trust indenture and held by the trustee, and thereafter disbursed in such manner and at such times as shall be provided for in such trust indenture for, and other bond documents related to, the related TIF Obligations. All such proceeds shall be held separate and apart from, and shall not be commingled with, any other funds of the City or the Corporation. 3.5.7 To the extent necessary or desirable, the applicable trust indenture for, and other bond documents related to, the TIF Obligations may provide that a reserve fund be 164 101610769.4/1001110572 Page 12 established and funded as mutually agreeable to the Corporation and the City to pay the principal and interest on the TIF Obligations and/or to retire a portion of the TIF Obligations. 3.5.8 The Corporation agrees to provide to the City and the Zone Board copies of the proposed trust indenture and/or bond resolution in connection with any issuance of any TIF Obligations. In addition, to the fullest extent permitted by law, the Corporation agrees that it will not revoke or amend any trust indentures, orders, resolutions or other actions relating to the issuance, sale, or delivery of TIF Obligations, except as provided in such resolutions, trust indentures, or other instruments adopted or executed in connection with the issuance, sale, and delivery of the TIF Obligations. 3.6 Complete books and records shall be maintained showing deposits to and disbursements from the Tax Increment Fund of the City and the Pledged Revenue Funds or other funds of the Corporation, which books and records shall be deemed complete if kept in accordance with generally accepted accounting principals as applied to Texas municipalities and in accordance with the provisions of the TIF Act. Such books and records shall be available for examination by the City during normal business hours upon request made not less than five (5) business days prior to the date of such examination. The Corporation shall maintain such books and records throughout the term of the Zone and for six (6) years thereafter, all subject to the requirements of the TIF Act. 3.7 The Corporation will use the moneys in the Pledged Revenue Fund in accordance with the terms of the applicable trust indenture for, and other bond documents related to, the TIF Obligations. 3.8 The Corporation may pledge and assign all or a part of the Pledged Revenue Fund to the owners and holders of the related TIF Obligations in accordance with the terms of the applicable trust indenture for such TIF Obligations. 4. DUTIES OF THE CITY AND THE ZONE BOARD 4.1 The City agrees to provide customary City services in the Zone subject to the provision of funds for these services in the City budget. 4.2 The City has established the Tax Increment Fund, including subaccounts as the City deems necessary, including but not limited to the following subaccounts: (i) the City Sales 165 101610769.4/1001110572 Page 13 Tax Increment Subaccount, (ii) the City Tax Increment (50-acre) Subaccount; (iii) the County Tax Increment (50-acre) Subaccount; (iv) the City Tax Increment Subaccount; and (v) the County Tax Increment Subaccount, in the City treasury into which all the City Sales Tax Increment, City Tax Increment and the County Tax Increment shall be deposited. 4.3 During the term of this Agreement, the portion of the City Tax Increment and the County Tax Increment held in the City Tax Increment (50-acre) Subaccount and the County Tax Increment (50-acre) Subaccount of the Tax Increment Fund shall be used for any lawful purpose under the TIF Act and this Agreement, including, but not limited to, for the payment of TIF Obligations in accordance with the terms of an applicable trust indenture for such TIF Obligations secured by funds deposited into the City Tax Increment (50-acre) Subaccount and the County Tax Increment (50-acre) Subaccount. 4.4 During the term of this Agreement, the City, on behalf of itself and the Zone Board, will pay the Corporation, or the trustee maintaining the applicable Pledged Revenue Fund under the related trust agreement, on a monthly basis on the first business day of each month, the City Sales Tax Increment then available in the City Sales Tax Increment Subaccount of the Tax Increment Fund. 4.5 During the term of this Agreement, the City, on behalf of itself and the Zone Board, will deposit with the trustee maintaining the applicable Pledged Revenue Fund under the related trust agreement, on a monthly basis on the first business day of each month, the funds available in the City Tax Increment Subaccount and the County Tax Increment Subaccount pledged for the payment of such related TIF Obligations pursuant to the related trust indenture thereof until such amount required to be deposited into the applicable Pledged Revenue Account beginning January 1 of each calendar year under the terms of the applicable trust indenture are satisfied; provided, however all such funds in excess of the amounts required to be deposited in the applicable Pledged Revenue Fund shall be used for any lawful purpose under the TIF Act so long as there is no event of default under the applicable trust indenture. However, in the event of default under the applicable trust indenture related to TIF Obligations secured by funds deposited into the City Tax Increment Subaccount or the County Tax Increment Subaccount, the City must deposit all of the then available funds on deposit in the City Tax Increment Subaccount and the 166 101610769.4/1001110572 Page 14 County Tax Increment Subaccount with the trustee maintaining the applicable Pledged Revenue Fund under the related trust agreement until such event of default is cured. 4.6 Such funds, as described in Sections 4.3, 4.4 and 4.5 above, shall be transferred and deposited into the applicable Pledged Revenue Fund under the related trust indenture and used in accordance with Section 3.7 heretofore. Also during the term of this Agreement, the City, on behalf of itself and the Zone Board, will pay the Corporation, or the trustee maintaining the applicable Proceeds Fund under the related trust agreement, immediately upon receipt of any proceeds of any TIF Obligations the full amount of such deposit. Such proceeds shall be transferred and deposited into the applicable Proceeds Fund under the related trust indenture and used in accordance with Section 3.5.7 heretofore. 4.7 The City and the Zone Board shall have no financial obligation to the Corporation other than as provided in this Agreement and in other agreements between the City, the Zone Board and the Corporation. The obligation of the City and the Zone Board to the Corporation under this Agreement is limited to the Tax Increment Fund. This Agreement shall create no obligations of the City or the Zone Board which are payable from taxes or other moneys of the City other than from the Tax Increment Fund. 4.8 In consideration of the services to be provided by the Corporation, the City and the Zone Board covenant and agree that they will, as authorized under the TIF Act and other applicable laws, continuously collect the City Tax Increment, County Tax Increment, and City Sales Tax Increment in the manner and to the maximum extent permitted by applicable law. To the extent the City and the Zone Board may legally do so, the City and the Zone Board also covenant and agree that they will not permit a reduction in such tax increments. In addition, the City covenants and agrees that it will not dissolve the Corporation and that any repeal of the right and power to collect such tax increments will not be effective until all TIF Obligations of the Corporation have been paid in full or until they are legally defeased. The City and the Zone Board further covenant and agree that they will make all deposits of such tax increments directly into the Tax Increment Fund without counterclaim or offset. 4.9 The obligation of the City and the Zone Board to make the payments set forth in this Agreement from the Tax Increment Fund shall be absolute and unconditional, and until such time as this Agreement and all TIF Obligations issued pursuant to this Agreement have 167 101610769.4/1001110572 Page 15 been fully paid or otherwise satisfied or provision for payment thereof shall have been made in accordance with their terms or the date of expiration of the Zone, whichever comes last, the City and the Zone Board will not suspend or discontinue any payments provided for by this Agreement for any cause. 5. ADDITIONAL PROVISIONS 5.1 Notices. Any notice or other communication required or contemplated by this Agreement (a "Notice") is effective when in writing (i) and personally delivered by any nationally recognized delivery service such as FedEx or UPS, or (ii) three (3) days after the Notice is deposited with the U.S. Postal Service, postage prepaid, CERTIFIED MAIL with return receipt requested, and (iii) when addressed as follows or, in the case of a change of address, as provided in a Notice notifying the other Parties of such address change. To the City: The City of The Colony, Texas 6800 Main Street The Colony, Texas 75056 With a copy to: Brown and Hofmeister, LLP: c/o Jeff Moore 740 East Campbell Road, Suite 800 Richardson, TX 75081 To the Zone Board: Board of Directors Tax Increment Reinvestment Zone Number One, City of The Colony, Texas 6800 Main Street The Colony, Texas 75056 With a copy to: Brown and Hofmeister, LLP: c/o Jeff Moore 740 East Campbell Road, Suite 800 Richardson, TX 75081 To the Corporation: The Colony Local Development Corporation 6800 Main Street 168 101610769.4/1001110572 Page 16 The Colony, Texas 75056 With a copy to: Brown and Hofmeister, LLP: c/o Jeff Moore 740 East Campbell Road, Suite 800 Richardson, TX 75081 5.2 No Personal Liability. To the extent permitted by State law, no director, employee, or agent of the Corporation, no director, employee, or agent of the Zone Board, and no elected official, officer, employee or agent of the City shall be personally responsible for any liability arising under or growing out of this Agreement. 5.3 Default; Remedies. If any Party fails to perform any material covenant required by this Agreement, any other Party may give Notice of such failure to the non-performing Party, which Notice shall describe in reasonable detail the nature of the failed performance. If the non- performing Party does not cure or remedy the failed performance within a reasonable period of time after the Notice is given (taking into consideration the nature of the failed performance; but in no event more than thirty (30) days after the Notice is given), then the non-performing Party shall be in "Default" under this Agreement. If any Party is in Default, the sole and exclusive remedy of the other Parties is to enforce specific performance of this Agreement. No Default by any Party shall entitle any other Party to terminate this Agreement. 5.4 Applicable Law and Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas, and all obligations of the Parties created hereunder are performable in Denton County, Texas. Venue for any action arising under this Agreement shall lie in the state district courts of Denton County, Texas. 5.5 Binding Obligation; Entire Agreement; Amendments. This Agreement is binding upon the Parties and their assignees as permitted by this Agreement and to the extent provided in any assignment. This Agreement constitutes the entire understanding and agreement of the Parties as to the matters set forth in this Agreement and supersedes all prior agreements and understandings whether oral or in writing. Except as provided in this Section 5.5, no amendment to this Agreement shall be effective unless the amendment is in writing and is signed by the Party or Parties sought to be bound by the amendment. This Agreement shall be automatically amended to add as a Party each assignee that executes an assignment permitted by this 169 101610769.4/1001110572 Page 17 Agreement, provided, however, the assignee will only be considered a Party for the limited purposes set forth in the assignment. 5.6 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be considered an original and all of which, when taken together, shall constitute a single document. 5.7 Force Majeure. If the performance by any Party of its obligations under this Agreement is delayed due to unexpected circumstances beyond the reasonable control of such Party, then such Party shall be excused from performance during the period that such circumstances continue so long as such Party is diligently and continuously seeking to eliminate the circumstances or otherwise resume performance in spite of such circumstances. 5.8 Severability. If a court finds any provision of this Agreement to be invalid or unenforceable as to any person or circumstance, such finding shall not render the provision invalid or unenforceable as to any other persons or circumstances. To the extent feasible, any provision found to be invalid or unenforceable shall be deemed to be modified to be valid and enforceable; however, if the provision cannot be so modified, it shall be stricken from this Agreement, and all other provisions of this Agreement shall remain valid and enforceable and unaffected by the stricken provision. 170 101610769.4/1001110572 Signature Page to Management Agreement CITY: City of The Colony, Texas a Texas home-rule municipality Joe McCourry, Mayor ATTEST: Tina Stewart, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney ZONE BOARD: Board of Directors of Tax Increment Reinvestment Zone Number One, City of The Colony, Texas By: Richard Boyer, President ATTEST: Tim Miller, Secretary CORPORATION: The Colony Local Development Corporation a Texas non-profit corporation By: Richard Boyer, President ATTEST: David Terre, Secretary 171 Agenda Item No:4.8 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: General Admin Item Type: Resolution Agenda Section: Subject: Consider and approve a resolution by the City Council of the City of The Colony, Texas, Consenting to “The Colony Local Development Corporation Tax Increment Contract Revenue Refunding Bonds (Nebraska Furniture Mart Texas Project) Taxable Series 2021”; and Resolving Other Matters Incident and Related to the Issuance of such Bonds; and Authorizing a Reimbursement Agreement; and Providing an Effective Date. (Maurina) Suggested Action: Attachments: Res. 2021-xxx Approving LDC Refunding Bonds and Reimbursement Agreement.pdf 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 Agenda Item No:5.1 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Isaac Williams Submitting Department: Engineering Item Type: Ordinance Agenda Section: Subject: Conduct a public hearing, discuss and consider an ordinance regarding a zoning change from annexed territory’s temporary Agricultural (A) zoning district classification to a permanent Single-Family (SF-1) zoning district at 7001 Ethridge Drive, Lot 1R, being .859 acres of land in the Beach and Tennis Club Addition, Cabinet J, Page 26, M.R.D.C.T., and being located northwest of the intersection of Ethridge Drive and Beach Club Road. (Williams) Suggested Action: Please see the attached staff report and maps for detailed land use and staff recommendation. Attachments: Z20-0002 CC Staff Report 7001 Ethridge Drive, Lot 1R..doc.pdf Z20-0002.pdf Project Narrative - Google Docs.pdf Plot - 7001 Ethridge - Richeson.pdf Ord. 2021-xxxx 7001 Ethridge Drive Lot 1R.docx 192 1 CITY COUNCIL REPORT AGENDA DATE: January 19, 2021 DEPARTMENT: Development Services Department SUBJECT Z20-0002 7001 Ethridge Drive, Lot 1R – Zoning Change from Agricultural (A) to Single-Family (SF-1) Conduct a public hearing, discuss and consider an ordinance regarding a zoning change from annexed territory’s temporary Agricultural (A) zoning district classification to a permanent Single-Family (SF-1) zoning district at 7001 Ethridge Drive, Lot 1R, being .859 acres of land in the Beach and Tennis Club Addition, Cabinet J, Page 26, M.R.D.C.T., and being located northwest of the intersection of Ethridge Drive and Beach Club Road. OWNER/ENGINEER Owner/Developer: Scott and Kim Richeson The Colony, Texas Applicant: Salcedo Homes, LLC Dallas, Texas EXISTING CONDITION OF PROPERTY The property is currently undeveloped. PROPOSED REQUEST The applicant requests a zoning change of recently annexed territory’s use of a temporary Agricultural (A) classification to a permanent Single -Family (SF-1) classification. The applicants intend to construct one single family dwelling. PRIOR ACTION/REVIEW (Council, Boards, Commissions) On December 22, 2020 The Planning and Zoning Commission voted (6 -0) to recommend approval of the changing the temporary Agriculture (A) zoning to Single-Family (SF-1). ADJACENT ZONING AND LAND USE North - Lake Lewisville South - Planned Development 8 (PD-8) Stewart Peninsula - Single-Family Residential East - Planned Development 4 (PD-4) Lakeway Estates (Colony No 29) - Single-Family Residential West - Extra Territorial Jurisdiction (ETJ) – Single-Family Residential DEVELOPMENT REVIEW COMMITTEE (DRC) REVIEW The Development Review Committee (DRC) recommends approval of the zoning change request. ATTACHMENTS 1. Staff Analysis 2. Location Map 3. Applicant Narrative 4. Recorded Minor Plat 5. Proposed ordinance 193 2 ATTACHMENT 1 Staff Analysis Land Use Analysis A zoning change results in an update to the zoning map. By amending Ordinance 2017-2285, the zoning map will change from a temporary classification of Agricultural (A) to a permanent Single-Family (SF-1) zoning classification. Section 9. – Annexed Territory Temporarily Zoned states the procedure for establishing the permanent zo ning on any annexed territory shall be the same as is provided by law for the amendment of the zoning ordinance. There is no change to the Extra Territorial Jurisdiction (ETJ) to the west. A permanent zoning classification does not exist due to the history of Lot 1R; the history follows: 1. Ordinance 429 approved on July 7, 1986 annexed Beach and Tennis Club, an 8.56-acre tract. 2. Ordinance 607 approved on October 16, 1989 disannexed all land annexed by Ordinance 429. 3. Resolution No. 2017-058 approved on August 2, 2017; and Ordinances 2017-2284 and 2017-2285 approved on October 3, 2017 re-annexed Lots 1, 2, and 3, being .5846 acres in addition to the abandoned Old County Road right-of-ways, from Denton County and The Colony. 4. RP19-0009 minor plat replatted Lots 1, 2, and 3 into Lot 1R. The three tracts annexed into the City were originally contemplated as individual dwelling sites. Further review and discussion ultimately led to replatting into a single lot for development of a dwelling. A permanent zoning classification is now necessary upon determination of a definitive development type- a single detached single family residential dwelling. Single-family development may occur within the Agricultural district, however, the uses permitted in the Agricultural (A) district are intended to accommodate farming, ranching and gardening activities. Further, it is anticipated that all of the Agricultural (A) district area in the City will be changed to other urban zoning categories as the area within the corporate limits of The Colony becomes fully developed. The proposed zoning change to single -family residential is congruent with the intent of future land use in the City. The proposed zoning change to Single- Family (SF-1) is also consistent and compatible with the adjacent single-family residential land uses. Agriculture (A) zoning is intended for large tracts of land, as approved land uses and district standards indicate. The applicant’s request is indicative of this, as the approval of the request reduces the required front yard setback from [Agricultural (A)] fifty-feet (50’) to [Single-Family (SF-1)] thirty-feet (30’). The less restrictive setback is m ore typical of single-family residential development. Development standards of the Single Family (SF-1) District Minimum Lot Area: 10,800 sqft Minimum lot width: 90 feet Minimum Floor area per dwelling unit: 2,200 sqft Minimum Front yard setback: 30 feet 194 3 Minimum side yard : 10% of the required minimum width (9 feet) Minimum rear yard: 20 feet Maximum height: Two (2) stories with a maximum height of thirty (30) feet, except cooling towers, roof gables, chimneys and vent stacks may extend for an additional height not to exceed forty-five (45) feet above the average grade line of the building. Notification The Zoning Ordinance requires newspaper notification a minimum of ten (10) days prior to the Planning and Zoning Commission meeting for zoning change. Notice for this Public He aring was published in The Dallas Morning News on December 31, 2020. In addition, the Zoning Ordinance also requires notification of property owners located within 200 feet of the subject property a minimum of ten (10) days prior to the public hearing. Not ices were mailed on December 31, 2020 to twenty-two (22) property owners. No comments either for or against the zoning change request were received as of the printing of this packet. Development Review Committee Review The Development Review Committee recommends approval of the zoning change request. 195 B EA C H C L U B R DBEACH C L U B R D ETHRIDGE DRETHRIDGE DRTT EENNNNIISSCCLLUUBBDDRRB A L L A R D T R LBALLARD T R L D R I S C O L L D RDRISCOLL D R 4101 4105 4109 4113 4117 4121 4120 412441004104410841124116 4101 4105 410 9 4113 4117 4001 13150 13130 4005 7001 B EA C H C L U B R DBEACH C L U B R D ETHRIDGE DRETHRIDGE DRTT EE NN NNII S S CCLLUUBBDDRRB A L L A R D T R LBALLARD T R L D R I S C O L L D RDRISCOLL D R 4125410141094117 4000 41 20 412841004108 4101 4105 4113 4121 4120 4000 4001 13150 13130 4005 7001 This ma p was genera ted by GIS d ata provided by Th e Colony GIS Departmen t. The City of T he Colony does not guar antee th e co rrectness oraccuracy of any fea tures o n this map. These digital products are for llustration purpose s only a nd are no t suitable for site -specific decision making. /Project No. Z20-0 002 - Pr oject Na me: 7001 Ethr idge Dr Lot 1R Subject Area Sub ject Area 7001 Ethridge Dr L ot 1R Agricultu ral Business Park Business Park/I ndustrial Duplex Dwelling Gene ral Retail Heavy Comm ercial Industrial Light Commercial Mobile Hom e Neighb orh ood Service Office District 1 Pla nned Development Shopp ing Ce nter Sin gle Fam ily Dwelling Townh ome 196 197 198 CITY OF THE COLONY, TEXAS ORDINANCE NO. 2021 - ______ AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, AMENDING THE CODE OF ORDINANCES, APPENDIX A, THE COMPREHENSIVE ZONING ORDINANCE, BY APPROVING A ZONING CHANGE FROM AGRICULTURE (A) DISTRICT TO SINGLE-FAMILY (SF-1) ON A .859 ACRE TRACT OF LAND LOCATED AT 7001 ETHRIDGE DRIVE, BEING DESCRIBED AS LOT 1R OF THE BEACH AND TENNIS CLUB REPLAT ADDITION, CABINET J, PAGE 26, M.R.D.C.T., THE COLONY, DENTON COUNTY, TEXAS; BEING MORE PARTICULARLY DESCRIBED AND DEPICTED IN EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A REPEALER CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS,Section 211.006(a) of the Texas Local Government Code requires the City of The Colony, Texas, to publish notice of a public hearing concerning a zoning amendment before the 15th day before the date of the public hearing; and WHEREAS, Appendix A, Section 24-101(d) of the Code of Ordinances of the City of The Colony, Texas, provides the following: “A public hearing shall be held by city council before adopting any proposed amendment, supplement or change. Notice of such hearing shall be given per the publication policy of the city, stating the time and place of such hearing, and shall be published a minimum of 15 days prior to the date of the public hearing”; and WHEREAS, the Planning and Zoning Commission and the City Council of the City of The Colony, Texas, in compliance with the laws of the State of Texas, and the Code of Ordinances of the City of The Colony, Texas, have given the requisite notices by publication and otherwise, and have held due public hearings and afforded a full and fair hearing to all property owners generally and to all persons interested, and the City Council of the City of The Colony, Texas, is of the opinion and finds that zoning change application Z20-0002 to allow a zoning change from Agriculture (A) to Single-Family (SF-1) on the real property located at 7001 Ethridge Drive, being described as Lot 1R of the Beach and Tennis Club Replat Addition, Cabinet J, Page 26, M.R.D.C.T., The Colony, Denton County, Texas, being particularly described and depicted in Exhibit “A” attached hereto and incorporated herein should be approved. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: SECTION 1. That the findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2.That the Code of Ordinances of the City of The Colony, Texas, Appendix A, Comprehensive Zoning Ordinance, and the City’s zoning map, should be amended indicating that the City Council does hereby approve the change in zoning from Agriculture (A) to Single- Family (SF-1) on the real property located at 7001 Ethridge Drive, being described as Lot 1R of the 199 2 Beach and Tennis Club Replat Addition, Cabinet J, Page 26, M.R.D.C.T., The Colony, Denton County, Texas, being particularly described and depicted in Exhibit “A” attached hereto and incorporated herein SECTION 3.That it is hereby declared to be the intention of the City Council of the City of The Colony, Texas, that the phrases, clauses, sentences, paragraphs and sections of this Ordinance are severable, and if any phrase, clause, sentence, paragraph or section of this Ordinance shall be declared unconstitutional by the valid judgment or decree of any court of competent jurisdiction, such unconstitutionality shall not affect any of the remaining phrases, clauses, sentences, paragraphs and sections of this Ordinance, since the same would have been enacted by the City Council without the incorporation of this Ordinance of any such unconstitutional phrase, clause, sentence, paragraph or section. SECTION 4. That any provision of any prior ordinance of the City whether codified or uncodified, which are in conflict with any provision of this Ordinance, are hereby repealed to the extent of the conflict, but all other provisions of the ordinances of the City whether codified or uncodified, which are not in conflict with the provisions of this Ordinance, shall remain in full force and effect. SECTION 5. That this Ordinance shall become effective immediately upon its passage. PASSED AND APPROVED by the City Council of the City of The Colony, Texas, this 19th day of January, 2021. Joe McCourry, Mayor ATTEST: Tina Stewart, TRMC, CMC, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 200 Agenda Item No:5.2 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Tina Stewart Submitting Department: Public Works/Water Distribution Item Type: Resolution Agenda Section: Subject: Discuss and consider approving a resolution authorizing the City Manager to accept a bid from Gracon Construction, Inc., in the amount of $12,532,266.00 for construction of the Stewart Creek Wastewater Treatment Plant Expansion Project - Phase 2A for dewatering. (Stovall) Suggested Action: Attachments: Colony Phase 2A Bid Evaluation.pdf BID TAB.xlsx Res. 2021-xxx Gracon Construction Inc., Bid - Stewart Creek WWTP Expansion Project.docx 201    14755 Preston Road, Suite 500, Dallas, Texas  75254   P. 972.239.9949  F. 972.239.9117    ͭͭͰͮ͵Aͭͬ | Colony Phase ͮA Bid Evaluation.docx  January Ͱ, ͮͬͮͭ    Daemeon Stovall  Chief Operator | WW Supervisor  City of The Colony   ͳͱͬͬ Forrest  The Colony, TX ͳͱͬͱͲ  Subject: Project No. Ͳͮ‐ͮͭ‐ͬͲ: Stewart Creek WWTP Expansion Project ‐ Phase ͮA ‐ Dewatering  Dear Mr. Stovall:  On December ͭͲ, ͮͬͮͬ, bids for construction of the Stewart Creek WWTP Expansion Project ‐ Phase ͮA  were publicly opened and read aloud. Five construction firms submitted bids. The bids are tabulated below  along with the Engineer’s estimate.  Bidders Total Bid  Gracon ͈ͭͮ,ͱͯͮ,ͮͲͲ.ͬͬ  Red River ͈ͭͮ,ͳͬͬ,ͬͬͬ.ͬͬ  Archer Western Construction ͈ͭͮ,ʹͬ͵,Ͳͬͬ.ͬͬ  Bar Constructors ͈ͭͯ,Ͱ͵ͭ,͵ͲͲ.ͬͬ  Austin Bridge & Road ͈ͭͲ,ͱͯʹ,ͯͭͲ.ͬͬ  Engineer's Opinion of Probable Construction Cost ͈ͭͮ,ʹͲʹ,ͬͮʹ.ͬͬ  Evaluation  On evaluation of the bids, each of the five bidders were found to be responsible.   Recommendation  Based upon our review and evaluation, we recommend that the City of The Colony award the above contract  to the lowest responsible bidder, Gracon in the amount of ͈ͭͮ,ͱͯͮ,ͮͲͲ.ͬͬ.  We look forward to continuing our service on this project as it moves into the construction phase. Please call  if you have any questions.  Sincerely,    CAROLLO ENGINEERS, INC.      Troy Laman, PE  Project Manager    TL:ckt  202 DOCUMENT 00_41_00 BID FORM GRACON CONSTRUCTION RED RIVER CONSTRUCTION ARCHER WESTERN CONSTRUCTION BAR CONSTRUCTION AUSTIN BRIDGE & ROAD Bid Item Bid Amount Bid Amount Bid Amount Bid Amount Bid Amount Item 1 Belt filter press. $ 1,033,381 $ 1,033,381 $ 1,033,381 $ 1,033,381 $ 1,033,381 Item 2 Hybrid blower system. $ 68,985 $ 68,985 $ 68,985 $ 68,985 $ 68,985 Item 3 $ 94,300 $ 94,300 $ 94,300 $ 94,300 $ 94,300 Item 4 Mobilization. $ 318,000 $ 265,000 $ 130,000 $ 233,000 $ 169,000 Item 5 New sludge holding tank. $ 740,000 $ 870,000 $ 691,000 $ 1,062,000 $ 1,500,000 Item 6 INew odor control facility. $ 1,995,000 $ 2,230,000 $ 2,206,200 $ 1,915,000 $ 2,400,000 Item 7 Plant water pumps and piping improvements. $ 98,000 $ 178,000 $ 285,000 $ 190,000 $ 500,000 Item 8 Earthwork and finish grading. $ 400,000 $ 265,000 $ 556,000 $ 148,500 $ 750,000 Item 9 New dewatering building. $ 2,907,000 $ 5,132,000 $ 6,323,400 $ 5,452,000 $ 7,755,000 Item 10 Decommission existing dewatering area. $ 30,000 $ 44,000 $ 35,000 $ 47,000 $ 100,000 Item 11 Trench/excavation safety and support systems. $ 5,000 $ 3,434 $ 10,334 $ 4,800 $ 100,000 Item 12 Commissioning. $ 125,000 $ 132,000 $ 130,000 $ 164,000 $ 200,000 Item 13 Demobilization. $ 125,000 $ 137,000 $ 130,000 $ 150,000 $ 200,000 Item 14 $ 3,960,000 $ 1,381,900 $ 725,000 $ 2,148,000 $ 800,000 $ 11,899,666 $ 11,835,000 $12,418,600 $ 12,710,966 ###### ###### A.Bidder will perform the following Work at the indicated unit prices: Item No. Description Estimated Quantity Bid Unit Price Bid Amount Bid Unit Price Bid Amount Bid Unit Price Bid Amount Bid Unit Price Bid Amount Bid Unit Price Bid Amount A Drilled piers.- VLF or linear foot per pier diameter 4,100 $ 56 $ 229,600 $ 90 $ 369,000 $ 50 205,000$ $ 68 $ 278,800 $ 88 $ 360,800 B Reinforced Concrete pavement including materials, subgrade prep, appurtenances sq.yd.3,100 $ 130 $ 403,000 $ 160 $ 496,000 $ 60 186,000$ $ 162 $ 502,200 $ 164 $ 506,850 632,600$ $ 865,000 391,000$ 781,000$ 867,650$ TOTAL BID PRICE (Total of all Lump Sum & Unit Price Bids)12,532,266$ 12,700,000$ 12,809,600$ 13,491,966$ 16,538,316$ Construction of the entire Project, as specified in the Bid Documents, complete and ready to operate, excluding Items 1 through 13 above and unit price items below. Surface mounted hyperboloid-type aerator-mixers. TOTAL OF ALL LUMP SUM BID ITEMS TOTAL OF ALL UNIT PRICE BID ITEMS 203 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2021 – _____ A RESOLUTION OF THE CITY OF THE COLONY, TEXAS AUTHORIZING THE CITY MANAGER TO ACCEPT THE BID FROM GRACON CONSTRUCTION, INC., FOR CONSTRUCTION OF THE STEWART CREEK WASTEWATER TREATMENT PLANT EXPANSION PROJECT – PHASE 2A FOR DEWATERING; PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: Section 1. That the City Council of the City of The Colony, Texas hereby authorizes the City Manager to accept Gracon Construction, Inc.’s bid in the amount of $12,532,266.00 for construction of the Stewart Creek Wastewater Treatment Plant Expansion Project – Phase 2A for dewatering. Section 2. That the City Manager or his designee is authorized to accept the bid. Section 3. That this resolution shall take effect immediately from and after its passage. PASSED AND APPROVED by the City Council of the City of The Colony, Texas this 19th day of January, 2021. ______________________ Joe McCourry, Mayor City of The Colony, Texas ATTEST: ___________________________________ Tina Stewart, TRMC, CMC, City Secretary APPROVED AS TO FORM: ___________________________________ Jeff Moore, City Attorney 204 Agenda Item No:5.3 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Pam Nelson Submitting Department: Parks & Recreation Item Type: Resolution Agenda Section: Subject: Discuss and consider approving a resolution authorizing the Mayor to execute a Third Amendment to the MarineQuest Groundlease Agreement for Hidden Cove Park, granting an extension to the lease term. (Nelson) Suggested Action: MarineQuest and their lender, Plains Capital Bank, are requesting a 6 year extension to the term of their Ground Lease for Hidden Cove Park. This is in order to secure a USDA loan to refinance their existing loan and add funding for various capital improvements in the park. Their current lease expires in May of 2035. USDA requires a lease term of at least 20 years from the date of the new loan origination, taking it to May of 2041. A list of proposed improvements to be made with this funding is outlined in the attached letter from Plains Capital. MarineQuest is currently in compliance with the terms of their lease. Attachments: MQ req for lease ext. 2021.pdf PlainsCapitalBank lease ext request 2021.pdf Marine Quest Lease Agreement-3rd Amendment.docx Res. 2021-xxx Third Amendment with Marine Quest.docx 205 206 207 MARINE QUEST GROUNDLEASE, REAL PROPERTY, AND PERSONAL PROPERTY LEASE AGREEMENT THIRD AMENDMENT This Third Amendment to the Groundlease, Real Property, and Personal Property Lease Agreement (hereinafter referred to as the “Third Amendment”), by and between the City of The Colony, Texas, a Texas home-rule municipality (hereinafter referred to as the “City”) and Marine Quest – Hidden Cove, L.P., a Texas limited partnership (hereinafter referred to as “Lessee”), and each acting by and through their duly authorized representatives, agree as follows: RECITALS: WHEREAS,a lease was entered into on the 12th day of May, 2000, and replaced with lease on the 3rd day of July, 2008, by and between the U.S. Army Corps of Engineers, as lessor, and the City of The Colony, Texas, as lessee. This parcel of land, herein sometimes referred to as the “Corps Leased Premises,” identified as Hidden Cove Park, consists of 720+ acres and has been leased from the Corps by City; and WHEREAS,on January 3, 2005, City entered into a sublease with Lessees, (hereinafter referred to as the “Original Lease”) to lease a portion of said Corps Leased Premises so as to permit Lessees to construct and operate a multi-use recreational and service facility in accordance with an Original Development Agreement on said acreage as shown on the site plan for the Leased Premises; and WHEREAS,on January 10, 2005, City and Lessee entered into a First Amendment concerning the Original Lease; and WHEREAS,on January 20, 2015, City and Lessee entered into a Second Amendment concerning the Original Lease; and WHEREAS,Section 30.06 of the Original Lease provides for amendments to the Original Lease to be in writing and approved by the District Engineer; and WHEREAS,the parties now desire to amend the Original Lease as amended by the First Amendment and Second Amendment to address the Lease Term of the Original Lease. NOW THEREFORE, in consideration of the premises and the mutual covenants contained herein and other valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the City and Lessee agree as follows: SECTION 1.FINDINGS INCORPORATED. The foregoing recitals are hereby incorporated into the body of this Third Amendment and shall be considered part of the mutual covenants, consideration and promises that bind the parties. 208 Page 2 of 6 SECTION 2.AMENDMENT TO ORIGINAL LEASE. (a)Amendment to Original Lease. That Section 1.01.I. of the Original Lease is amended to read as follows: “I. Initial Term: The term “Initial Term” shall mean a period beginning on the Lease Commencement Date and ending on May 1, 2041. However, the Initial Term shall be subject to the earlier termination of the Corps Lease and periodic modifications, renewals and/or extensions thereof.” SECTION 3.MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Third Amendment: (a)Amendments. This Third Amendment, together with any related documents, constitutes the entire understanding and agreement of the parties as to the matters set forth in this Third Amendment. No alteration of or amendment to this Third Amendment shall be effective unless given in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment. (b)Applicable Law and Venue. This Third Amendment shall be governed by and construed in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Denton County, Texas. Venue for any action arising under this Third Amendment shall lie in the state district courts of Denton County, Texas. (c)Assignment. This Third Amendment may not be assigned without the express written consent of the other party. (d)Binding Obligation. This Third Amendment shall become a binding obligation on the signatories upon execution by all signatories hereto. Each of the parties represents to the others that the individual or individuals executing this Third Amendment on their behalf has full authority to execute this Third Amendment and bind the party for whom he or she is signing. (e)Caption Headings. Caption headings in this Third Amendment are for convenience purposes only and are not to be used to interpret or define the provisions of the Third Amendment. (f)Construction. All of the terms, conditions, and obligations of the Original Lease remain in full force and effect except where specifically modified by this Third Amendment. (g)Counterparts. This Third Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute one and the same document. 209 Page 3 of 6 (h)Effective Date. The effective date (the “Effective Date”) of this Third Amendment shall be the date of the latter to execute this Third Amendment by and between the City and Lessee. (i)Governmental Functions. The parties acknowledge and agree that this Third Amendment arises out of and is entered into for the express purpose of providing the following governmental functions: public parks and recreational facilities, consistent with and as defined in Sections 101.0215(a)(13) and (23) of the Texas Civil Practices and Remedies Code, as amended. (j)Notice. Any notice or other communication required or permitted by this Third Amendment (hereinafter referred to as the “Notice”) is effective when in writing and (i) personally delivered either by facsimile (with electronic information and a mailed copy to follow) or by hand or (ii) three (3) days after notice is deposited with the U.S. Postal Service, postage prepaid, certified with return receipt requested, and addressed as follows: If intended for the City, to:With copy to: The City of The Colony, Texas Mr. Jeff Moore Attn: City Manager Brown & Hofmeister, LLP 6800 Main Street 740 East Campbell Road, #800 The Colony, Texas 75056 Richardson, Texas 75081 Facsimile (972) 624-2298 Facsimile (214) 747-6111 If intended for Lessee, to:With copy to: Marine Quest – Hidden Cove, L.P.Mr. Sam Burke Attn: Marcel Bosworth Wood, Thacker & Weatherly, P.C. 507 E. Dallas Road 400 W. Oak Street, Suite 310 Grapevine, Texas 76051 Denton, Texas 76201 (k)Severability. If a court of competent jurisdiction finds any provision of this Third Amendment to be invalid or unenforceable as to any person or circumstance, such finding shall not render that provision invalid or unenforceable as to any other persons or circumstances. If feasible, any such offending provision shall be deemed to be modified to be within the limits of enforceability or validity; however, if the offending provision cannot be so modified, it shall be stricken and all other provisions of this Third Amendment in all other respects shall remain valid and enforceable. (l)Time is of the Essence. Time is of the essence in the performance of this Third Amendment. 210 Page 4 of 6 CITY: CITY OF THE COLONY, TEXAS A Texas home-rule municipality By: Joe McCourry, Mayor ATTEST: By: Tina Stewart, City Secretary APPROVED AS TO FORM: By: __________________________________ Jeff Moore, City Attorney 211 Page 5 of 6 CITY’S ACKNOWLEDGMENT STATE OF TEXAS § § COUNTY OF DENTON § This instrument was acknowledged before me on the ____ day of January, 2021, by Joe McCourry, Mayor of the City of The Colony, Texas, a Texas home-rule municipality, on behalf of said municipality. ___________________________________ Notary Public, State of Texas LESSEE: MARINE QUEST – HIDDEN COVE, L.P., a Texas limited partnership By: Marine Quest, Inc., it General Partner By: Name: Title: Date Signed: 212 Page 6 of 6 LESSEE’S ACKNOWLEDGMENT STATE OF TEXAS § § COUNTY OF ________________§ This instrument was acknowledged before me on the _____day of _____________, 2021, by ____________________, the _______________ of Marine Quest, Inc., being the General Partner of Marine Quest – Hidden Cove, L.P., a Texas limited partnership, for and on behalf of said limited partnership. _____________________________ Notary Public, State of Texas 213 CITY OF THE COLONY, TEXAS RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, AUTHORIZING THE MAYOR TO EXECUTE A THIRD AMENDMENT TO THE MARINE QUEST GROUNDLEASE, REAL PROPERTY, AND PERSONAL PROPERTY LEASE AGREEMENT BY AND BETWEEN THE CITY OF THE COLONY AND MARINE QUEST - HIDDEN COVE, L.P., FOR EXTENSION OF THE LEASE TERM; PROVIDING AN EFFECTIVE DATE. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THAT: SECTION 1. That the City Council of the City of The Colony, Texas, has duly reviewed and considered the Third Amendment to the Marine Quest Groundlease, Real Property, and Personal Property Lease Agreement by and between the City of The Colony, Texas, andMarine Quest -Hidden Cove, L.P., which is attached hereto as Exhibit A, for the purpose of extending the term of said lease. SECTION 2.That this Third Amendment, which is attached hereto as Exhibit A, is found to be acceptable and in the best interest of the City and its citizens, and the Mayor is hereby authorized to execute the Third Amendment on behalf of the City of The Colony, Texas, with the terms and conditions as stated therein. SECTION 3. This Resolution shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THIS THE 19th day of JANUARY, 2021. Joe McCourry, Mayor ATTEST: Tina Stewart, TRMC, CMC, City Secretary APPROVED AS TO FORM: Jeff Moore, City Attorney 214 Page 2 Exhibit A Third Amendment 215 Agenda Item No:5.4 CITY COUNCIL Agenda Item Report Meeting Date: January 19, 2021 Submitted by: Brant Shallenburger Submitting Department: General Admin Item Type: Resolution Agenda Section: Subject: Discuss and consider approving a resolution authorizing the City Manager to execute a contract for services with Tod-Co Consultative Services to provide assistance in the development of a Hotel/Convention Center. (Powell) Suggested Action: Attachments: Tod Maurina- Independent Contractor Agreement 2021-22.pdf Res 2021-xxx Tod-Co Contract for Svcs.doc 216 INDEPENDENT CONTRACTOR AGREEMENT THIS INDEPENDENT CONTRACTOR AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered to be effective the 1st day of February, 2021, by and between the CITY OF THE COLONY, TEXAS (hereinafter referred to as the “City”), a Texas home-rule municipality, and Tod-Co Consultative Services (hereinafter referred to as “Contractor”), both of which parties hereto understand and agree as follows: WITNESSETH: WHEREAS, it is the desire of the City of The Colony, Texas, to engage the services of Contractor in order to assist in the development of a Hotel/Convention Center (hereinafter referred to as the “Project”). NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained, and hereinbefore stated, the parties hereto agree as follows: A. Term This Agreement shall take effect on February 1, 2021 and shall continue until January 31, 2022. B. Scope of Work Contractor shall provide the necessary professional services to allow for the development of a hotel/convention center, manage its employees, negotiate acquisition of required real estate, maximize available State statutory rebates, coordinate with the hotel developer, and report to the City regularly on the status of such activities. The policy making and governmental functions relating to the project shall remain fully vested with the City. Such functions shall include, but limited to, making decisions regarding significant capital requirements for the project, approving a major contracting for services or goods; responsibility for the statutory requirements of the State rebates, funding and the like; and any other significant business or policy decisions related to the development of the Hotel/Convention Center. From time to time as questions with policy implications arise, Contractor shall consult with the City to reach agreement on the degree of involvement the City that may be necessary under this paragraph. In the event the parties are unable to agree, the matter shall be deemed within the oversight and policy function of the City and the City’s decision in the matter shall in all events be controlling. Contractor shall abide by all City rules, regulations and policies as detailed in the City Charter, the Municipal Code, the City Code of Ordinances, state law and as reasonably directed by the City. 217 C. Compensation Contractor shall be compensated in the amount of one hundred thirteen thousand forty dollars ($113,040.00) payable in monthly installments of nine thousand four hundred twenty dollars ($9,4200.00). The first payment shall be due and issued on February 26,2021 with each subsequent payment made on the last Friday of each month until the final payment is made on January 28, 2022. In addition, the City agrees to provide the Contractor access to City cell phone services and data plan. D. Technology Equipment The City agrees to provide Contractor with technology interface equipment such as cellular telephone, computing equipment, etc. used in the scope of work as outlined herein. Technology equipment shall be determined and provided by the City at their sole discretion. Contractor shall have the right to retain possession as additional compensation upon termination of this contract. E. Travel Expenses The City agrees to reimburse Contractor for reasonable travel expenses incurred in the scope of his work as outlined herein. Travel expenses shall be preapproved by the City prior to being incurred. Contractor shall request reimbursement by submitting an itemized request, including receipts, to the City. Contractor shall receive additional automobile-related reimbursement. The mileage fee will be equivalent to that established by the Internal Revenue Service. Reimbursement shall be requested through the Director of Government Relations. G. Contractor’s Employees Contractor has and retains full control and supervision of the services performed as described in the Statement of Work and has full control over the employment and compensation and discharge of all persons, other than the City employees, assisting in the performance of the services referenced herein. Contractor shall be solely responsible for all matters relating to payment of wages to its employees, including but not limited to compliance with social security payroll tax withholdings and unemployment compensation. Contractor further agrees to be responsible for its own acts and those of its subordinates, employees and any subcontractors, if any, during the term of this Agreement. Further, Contractor’s relationship to the City is that of an independent contractor, and not an agent, employee or servant. Contractor shall have no authority to bind the City or any of its administrators, officers or employees. In the ordinary course of business, Contractor may perform services for parties other than the City and is not precluded from doing so by this Agreement so long as those services do not conflict with the goals and objectives of the City. 218 H. Business Expenses Contractor shall provide any and all supplies, equipment or other business expenses used for services; however, Contractor shall coordinate with the City the use of any City owned supplies, equipment or services if same are available. I. Liability The City shall not be liable or responsible for any injuries, damages or losses of Contractor during the course and scope of the services performed by Contractor pursuant to this Agreement. Independent Contractor shall defend, indemnify and hold harmless the City and its officers, agents and employees from and against all damages, claims, losses and demands made by Contractor arising out of or resulting from the performance of her services. J. Right of Termination The City reserves the right to cancel this Agreement at any time, with or without notice, to Contractor, in the City’s sole discretion. Contractor may cancel this Agreement after providing the City with at least thirty (30) days’ notice. If Contractor engages in any activity that poses an immediate threat to the health, safety or reputation of Contractor’s or the City’s employees, residents, invitees, agents or representatives, such termination of this Agreement may be immediate. Termination of this Agreement under this paragraph shall result in the voiding of any upcoming payments that may be due. [The Remainder of this Page Intentionally Left Blank] 219 IN WITNESS WHEREOF, the City of The Colony, Texas, has caused this Independent Contractor Agreement to be signed and executed on its behalf by the City Manager and Contractor has signed and executed this Independent Contractor Agreement. Signed this the day of , 2021. CITY OF THE COLONY, TEXAS ________________________________________ Troy C. Powell, City Manager City of The Colony, Texas ACCEPTED: ____________________________________ Tod K. Maurina, Principal Tod-CO Consultative Services 220 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2021 - _______ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT FOR SERVICES BY AND BETWEEN THE CITY OF THE COLONY AND TOD-CO CONSULTATIVE SERVICES TO PROVIDE ASSISTANCE IN THE DEVELOPMENT OF A HOTEL/CONVENTION CENTER; PROVIDING AN EFFECTIVE DATE NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS: Section 1.That the City Council of the City of The Colony, Texas, has duly reviewed and considered the CONTRACT FOR SERVICES by and between the City of The Colony and Tod-Co Consultative Services for the purpose of providing assistance in the development of a Hotel/Convention Center. Section 2. That this Contract for Services attached hereto as Exhibit “A”, is found to be acceptable and in the best interest of the City and its citizens, and the City Manager is hereby authorized to execute the Contract on behalf of the City of The Colony, Texas, with the terms and conditions as stated therein. Section 3.That this resolution shall take effect immediately from and after its passage. PASSED AND APPROVED by the City Council of the City of The Colony, Texas, this 19 th day of January, 2021. __________________________ Joe McCourry, Mayor City of The Colony, Texas ATTEST: ________________________________ Tina Stewart, TRMC, City Secretary APPROVED AS TO FORM: __________________________________ Jeff Moore, City Attorney 221