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HomeMy WebLinkAboutRes 2020-07-749 Sherley Tract SIA First AmendmentCITY OF ANNA, TEXAS RESOLUTION NO. c 6(21 L 11- 19 A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING THE FIRST AMENDMENT TO THE SHERLEY TRACT SUBDIVISION IMPROVEMENT AGREEMENT WHEREAS, on June 9, 2020, the Parties entered into a Subdivision Improvement Agreement ("SIA") related to the Development of the Property known as the Sherley Tract; and WHEREAS, the Original Agreement is only modified as expressly set forth in this First Amendment and the Original Agreement otherwise remains in full force and effect; and WHEREAS, the Original Agreement incorrectly states the Development Standards for the minimum lot area requirement for SF -60 lots to be five thousand (5,000) square feet instead of six thousand (6,000) square feet in Exhibit D to the Original Agreement; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT. Recitals Incorporated The recitals above are incorporated herein as if set forth in full for all purposes. Approval of Amendment. This First Amendment amends the Original Agreement in no other manner except as expressly set forth herein. Amendment to Exhibit D. The City and the Developer agree that the fourth (4th) page of Exhibit D to the Original Agreement is hereby amended to reduce the minimum lot area requirement for SF -60 lots from six thousand (6,000) square feet to five thousand (5,000) square feet as shown on Exhibit 1 attached hereto. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 14th day of July 2020. ATTEST: a,atiuuunuaan C , City Secretary, Carrie L. Land Mayor, Nate Pike FIRST AMENDED SHERLEY TRACT SUBDIVISION IMPROVEMENT AGREEMENT This First Amended Sherley Tract Subdivision Improvement Agreement (this "First Amendment") is entered into between the CITY OF ANNA, TEXAS, (the "City"), and MM Anna 3255 LLC, a Texas limited liability company ("Developer'): RECITALS WHEREAS, the Developer and the City are sometimes individually referred to as a "Party" and collectively as the "Parties"; and WHEREAS, this First Amendment amends that certain Sherley Tract Subdivision Improvement Agreement entered into between the City and the Developer, effective as of June 9, 2020 (the 'Original Agreement"); and WHEREAS, the Original Agreement is only modified as expressly set forth in this First Amendment and the Original Agreement otherwise remains in full force and effect; and WHEREAS, the Original Agreement incorrectly states the Development Standards for the minimum lot area requirement for SF -60 lots to be six thousand (6,000) square feet instead of five thousand (5,000) square feet in Exhibit D to the Original Agreement; and WHEREAS, the City and the Developer desire to memorialize the revision to Exhibit D to the Development Agreement to amend the minimum lot area requirement for SF -60 lots to be five thousand (5,000) square feet instead of six thousand (6,000) square feet as shown in Exhibit 1 attached hereto; NOW, THEREFORE, in consideration of the mutual covenants contained herein, the City and the Developer agree as follows: AMENDMENT 1. Amendment to Exhibit D. The City and the Developer agree that the fourth (4th) page of Exhibit D to the Original Agreement is hereby amended to reduce the minimum lot area requirement for SF -60 lots from six thousand (6,000) square feet to five thousand (5,000) square feet as shown on Exhibit 1 attached hereto. This First Amendment amends the Original Agreement in no other manner except as expressly set forth herein. All capitalized terms used in this First Amendment, to the extent not otherwise expressly defined herein, shall have the meanings ascribed to thein in the Original Agreement. The Developer and the City further agree that all other terms and provisions of the Original Agreement that are not modified hereby shall remain in full force and effect. FIRST AMENDED SHERLEY TRACT SUBDNISION IMPROVEMENT AGREEMENT I PAGE EXECUTED BY THE PARTIES TO BE EFFECTIVE ON JULY 14, 2020: CITY OF ANNA By: Name: Nate Pike Title: Mayor Date: RO /VE�D AS/T'O FORM Name: Clark McCoy Title: City Attorney STATE OF TEXAS § COUNTY OF COLLIN § This instrument was acknowledged before me on the � day of July, 2020 by Nate Pike Mayor of the City of Anna, Texas on behalf of said City. , Notary Public, State of Texas �ARRIE L, SMITH /� MYNotarylD#114i9404 QY'C'rE ��„ Expires February 4, 2023 Name printed or typed Commission Expires: � FIRST AMENDED SHERLEY TRACT SUBDNISION IMPROVEMENT AGREEMENT 2 PAGE DEVELOPER: MM Anna 325, LLC, a Texas limited liability company By: MMM Ventures, LLC, a Texas limited liability company Its Manager By: 2M Ventures, LLC, a Delaware limited liability company Its Manager Name: Mehrdad Moayedi Its: Manager STATE OF TEXAS § COUNTY OF DALLAS § This instrument was acknowledged before me on the i day of July, 2020 by Mehrdad Moayedi, Manager of 2M Ventures, LLC, as Manager of MMM Ventures, LLC, as Manager of MM Anna 325, LLC, a Texas limited liability company on behalf of said company. GRAHAM MAXEY Notary Public, State of Texas Comm. Expires 05-12-2024 Notary ID 132473474 FIRST AMENDED SHERLEY TRACT SUBDNISION IMPROVEMENT AGREEMENT 3 Notary Public, State of Texas PAGE EXHIBIT 1 Zoning District Area Regulations 4. rumIt UTA 9. dLw1m11VG WIZ I Mlt� I 1k4LKC/A&. KCtJUL1mk I IUNb ' Brick or rock veneer; see also section 9.04.034(e)(6) SF -84 SF -72 SF -60 SF -Z SF-TH SF-TH (Quadpla.;1 hGaximum height (feet) 35 3r 3C ; r 35 35 Side yard. inteior5 (feet) 5 5 0r5 0?5 Ors Side yard, comer lot, street side (feet) (c) 10 10 10 10 10 10 Rear yard (feet) (d) 10 10 10 10 10 10 Front yard (feet) 25 25 25 20 20 20 Lot ;area (feet) 8,400 71200 4924 5,00 4,000 2000 per unit 2000 per unit Win. lot width (feet) 70 60 50 40 h4in.lot depth (feet) (e) 120 110 loo 80 80 Max lot coverage 01 0) 55:10 55% 1; la 85% 70 A 70°io Building size (square feet) 160D 1800 1600 1200 800 S00 hlasonry° (°5) 6D`/a 60% 60 60015 60% 60% Lot]Unit Count per Concept Plan 81 134 323 143 19D 108 Maximum Lot/Unit Count (+5%) 85 145 340 150 200 115 h6inimum LoWnit Count (-5%) 77 132 305 135 180 100 . If there are conflicts between the Appendix 9 Area Regulations and City Regulations, Appendix l shall supersede. (c) 45 feet where adjacent to single-family or duplex residential district, (d) The required rear yard shall be open and unobstructed to the sky from a point �0 inches aLlove the average elevation of the graded rear yard, except for accessol� buildings as peal}fitted herein. Eaves, covered porches, and roof extensions without structural support in the rear yard may extend into the rear ,card a distance not to exceed four feet. Balconies shall not project into the required rear yard. (e) Minimum lot depth may be reduced to 1107 for SF -84 lots in cul-de-sacs and knuckles FIRST AMENDED SHERLEY TRACT SUBDNISION IM PROVEMENT AGREEMENT 4