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HomeMy WebLinkAboutResolution No. 2011-055 CITY OF THE COLONY, TEXAS RESOLUTION NO. 2011- Q S 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT WITH BILLINGSLEY DEVELOPMENT CORPORATION FOR THE PURPOSE OF INCLUDING WELL WATER IRRIGATION FOR PHASE 6 AND PHASE 7 OF THE AUSTIN RANCH DEVELOPMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AMENDMENT; PROVIDING AN EFFECTIVE DATE WHEREAS, The City of The Colony has previously entered into Development Agreements (hereinafter defined as the 2004 Development Agreement, 2008 Development Agreement, concerning the development of the master-planned multiuse project known as Austin Ranch; and, WHEREAS, the Developer desires to construct, operate and maintain an irrigation system using well water as the supply within Austin Ranch for Phases 1 through 7; and, WHEREAS, the City Council has determined it to be in the City's best interest to authorize amending the 2004 and 2008 Development Agreement, Section 3.1 by changing Phases 1 though 5 to Phases 1 through 7 for the purpose of well water irrigation to Phases 6 and 7. 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 approves the Amendment to the Development Agreement (2004 and 2008) with Billingsley Development Corporation. Section 2. That the city manager is authorized to execute said Amendment. 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 16th day of August, 2011. /001 e McCou, Mayor ATTEST: Christie Wilson, TRMC, City Secretary APPROVED AS TO FORM: Jeff Modre,,City Attorney T;. AMENDMENT TO THE DEVELOPMENT AGREEMENT BY AND BETWEEN BILLINGSLEY DEVELOPMENT CORPORATION AND THE CITY OF THE COLONY, TEXAS This Amended Development Agreement ("Agreement") is made to be effective as of the day of i , 2011, by and between the CITY of THE COLONY, TEXAs (the "City"), and BILLINGSLE DEVELOPMENT CORPORATION (the "Developer"), acting by and through their duly authorized representatives. RECITALS: WHEREAS, the City and Developer have previously entered into four Development Agreements (hereinafter defined as the 2004 Development Agreement, the 2008 Development Agreement, concerning the development of the master-planned multiuse project known as "Austin Ranch" located in the City; and WHEREAS, the Developer has and continues to develop Austin Ranch; and WHEREAS, the Developer desires to construct, operate and maintain an irrigation system using well water as the supply within Austin Ranch Phases 1 through 7; and NOW THEREFORE, the parties agree and amend their 2008 Agreement and 2004 Agreement, respectively, as follows: Section 1. That the 2004 Agreement shall be amended by amending Section 3.1, Subsection A.(ii) by changing the current Phases 1 through 5 to Phases 1 through 7, which shall read as follows: 3.1 Irrigation System. A. License for Irrigation System: (ii) The initial phase of the Irrigation System will irrigate Austin Ranch, Phases 1 through 7, as depicted on Exhibit "A", and the Windhaven right-of-way east of the BNSF Railroad. The Developer shall have the right, at Developer's sole cost, to expand the system to achieve economies of scale, provided that (i) the Irrigation System shall not be installed outside the boundaries of Austin Ranch Property without the consent and approval of the City, to the extent of its jurisdiction, and (ii) expansion of the Irrigation System shall be made in accordance with Applicable Laws. If the Developer shall expand the Irrigation System in the DEVELOPMENT AGREEMENT PAGE I future, the City agrees to cooperate with the Developer and Association in modifying the System License to incorporate additional medians and parkways within the boundaries of the Austin Ranch Property which the Association maintains and irrigates at the Association's costs." Section 2. Miscellaneous A. That the 2008 Agreement and the 2004 Agreement by and between the Parties shall remain in full force and effect, except as amended herein. B. Compliance with Laws. Developer shall fully comply with all local, state and federal laws, including all Applicable Laws, applying to the subject matter of this Agreement. C. Severability. In the event any section, subsection, paragraph, sentence, phrase or word herein is held invalid, illegal or unconstitutional, the balance of this Agreement shall be enforceable and shall be enforces as if the parties intended at all times to delete said invalid section, subsection, paragraph, sentence, phrase or word. D. Governing Law. The validity of this Agreement and any of its terms and provision, as well as the rights and duties of the parties, shall be governed by the laws of the State of Texas; and venue for any action concerning this Agreement shall be in State District Court of Denton County, Texas. E. Notices. All notices, demands, requests, consents. approvals or other communications (the "Notices") required or permitted to be given by this Agreement shall be in writing and shall be either personally delivered, or sent via telecopy with receipt confirmation, or by Federal Express or other regularly scheduled overnight courier or sent by United States mail, registered or certified with return receipt requested, properly addressed and with full postage prepaid. Said Notices shall be deemed received and effective on the earlier of (i) the date actually received (which, in the case of telecopied notice, shall be the date such telecopy is transmitted with electronic confirmation of receipt) or (ii) three (3) business days after being placed in the United States Mail as aforesaid. Notices shall be sent to the parties hereto at the following addresses, unless otherwise notified in writing: To City: With a copy to: Troy C. Powell, City Manager Gordon Scruggs, Director of Engineering City of The Colony City of The Colony 6800 Main Street 6800 Main Street The Colony, Texas 75056 The Colony, Texas 75056 Facsimile: 972-624-2312 Facsimile: 972-624-2317 AMENDMENTS TO THE PAGE 2 2008 & 2004 DEVELOPMENT AGREEMENTS i With another copy to: Jeff Moore, City Attorney BROWN & HOFMEISTER, LLP 740 East Campbell Road Suite 800 Richardson, Texas 75081 Facsimile: 214-747-6111 To Developer: With a copy to: Billingsley Development Corporation Charles C. Jordan Att'n: Lucilo Pena Carrington, Coleman, Sloman & Blumenthal, 4100 International Parkway L.L.P. Suite 1100 901 Main Street, Suite 5500 Carrollton, TX 75007 Dallas, Texas 75202 Facsimile: (214) 270-0992 Facsimile: (214) 758-3721 F. Incorporation o Recitals. The determinations recited and declared in the preambles to this Agreement are hereby incorporated herein as part of this Agreement. G. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. H. Authorization. Each party represents that it has full capacity and authority to grant all rights and assume all obligations that are granted and assumed under this Agreement. 1. Covenants and Representations. Developer represents, warrants and covenants that it has the authority to: (i) enter into this Agreement and to execute and deliver this Agreement and (ii) perform and comply with all of the terms, covenants and conditions to be performed and complied with by the Developer hereunder. The City represents warrants and covenants that it has the authority to; (i) enter into this Agreement and to execute and deliver this Agreement; and (ii) perform and comply with all of the terms, covenants and conditions to be performed and complied with by the City hereunder. All said covenants in this Agreement shall be hereby deemed to run with the land. AMENDMENTS TO THE PAGE 3 2008 & 2004 DEVELOPMENT AGREEMENTS EXECUTED in duplicate originals this the day of,;- t > , 2011. CITY: CITY OF THE COLONY, TEXAS By: Tro owell, City Manager ATTEST: By: Christie Wilson, City Secretary APPROVED AS TO FORM: By: F Jeff Moor; City Attorney AMENDMENTS TO THE PAGE 4 2008 & 2004 DEVELOPMENT AGREEMENTS EXECUTED in duplicate originals this the 5t1i day of August, 2011. DEVELOPER. BILLINGSLEY DEVELOPMENT CORPORATION By: 6 /..Z, ~m/jl Title:. F (5 0 9,0 dg ft) AMENDMENTS TO THE PAGE 5 2008 & 2004 DEVELOPMENT AGREEMENTS CITY'S ACKNOWLEDGEMENT STATE OF TEXAS § COUNTY OF DENTON § This instrument was acknowledged before me on the day of 2011, by Troy C. Powell, City Manager of the City of The Colony, a Texas municipality, on behalf of said municipality. Notary Publi\~, State of Texas (Seal) d P~ o~~.......... @G~ Elizabeth issvelasco ton Expires 02117/2015 OF~y AMENDMENTS TO THE PAGE 6 2008 & 2004 DEVELOPMENT AGRLEMENI S DEVELOPER'S ACKNOWLEDGEMENT STATE OF TEXAS § COUNTY GE Dallas § This instrument was acknowledged before me on the 5t" day of August, 2011, by Lucilo Pena, President of Billingsley Development Corporation on behalf of said corporation. 'A''--Yi LISA TURNER Notary Public, State of Texas My Commission Expires September 02, 2013 Notary Public, State of Texas (Seal) DEVELOPERS AGREEMENT- PAGE 7 TM 28247.99.000 { u ~ 0 _ 1Y ~ i ~ Y'S~rrII~MG ~ 4 6 AR tla ~ ~ it T, 1~Kh gyyy S'. M I ~ • M.TR&+ryr t r.WS. '9 L .a~il~• Mk ~ r w %pTy~ T P r n .»x ,.,.e~ ,>.~yypw+~+s~'n!F p a Mags.„ a 6 ~ e 9~" .P++nen~rM Y ~P~yy°' r Ai X#1R'e e.. d a. e a iM N Cww Olt W. Z ~ ~ R { ~~T c~T O y~ Z w, ~ ~ tsl rte. Pn. ♦ s 3la I ~ ~ ~ •I'l'I V P a a Rrf M M a a« i 1 q P A. 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