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HomeMy WebLinkAboutRes 2011-01-17 Amending Development Agreement with Michael & Cynthia Foster RECORDEDCITY OF ANNA, TEXAS RESOLUTION NO. 2011-01-17 A RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT BETWEEN THE CITY OF ANNA AND MICHAEL AND CYNTHIA FOSTER, AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME ON BEHALF OF THE CITY. WHEREAS, the City of Anna, Texas (the "City") and Michael and Cynthia Foster (the "Owner") entered into a Chapter 43 Texas Local Government Code Development Agreement (the "Agreement") effective December 8,2010; and WHEREAS, the City and the Owner desire to amend said Agreement; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated The recitals set forth above are incorporated herein for all purposes as if set forth in full. Section 2. Approval of Amendment The City Council hereby approves the Amendment, attached hereto as EXHIBIT 1, incorporated herein for all purposes and authorizes the City Manager to execute same on behalf of the City. PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 25th day of January 2011. ATTEST: Res. 2011-01-17 Amended Developer Agreement-Foster Page 1 01-25-11 EXHIBIT 1 STATE OF TEXAS ) ) COUNTY OF COLLIN ) CHAPTER 43 TEXAS LOCAL GOVERNMENT CODE DEVELOPMENT AGREEMENT AMENDMENT This Chapter 43 Texas Local Government Code Development Agreement Amendment (this "Amendment"), amends a certain Chapter 43 Texas Local Government Code Development Agreement (the "Agreement") entered into between the signatories to this Amendment effective as of December 8, 2010, and this Amendment is made and agreed to by the City of Anna, Texas (the "C1) and Mic~and Cynthia Foster (collectively, the "Owner") and is effective as of the day of r ~"Hf1.1 '2011. The City and the Owner hereby agree that Section 5 ofthe Agreement is hereby amended and that Section 15 is hereby added as follows: Section 5. This Agreement is effective as of the date that both the City and the Owner have duly approved, executed and delivered this Agreement. The initial term of this Agreement (the "Initial Term") is it eight (8) years from the effective date. that tlie City Manager's sigeataFe to this AgFeemeBt is aelalw.vledgea by Ii pBblie BeWy. Upon expiration of the Initial Term, this Agreement shall automatically renew for one (1) additional extension term of five (5) years each unless-at least 120 days prior to the expiration of the Initial Term or any extension term-the City or Owner provides written notice as set forth in Section 15 of this Agreement that either party intends to terminate the Agreement upon expiration ofthe Initial Term or any extension thereof, as applicable. The "Full Term" of this Agreement is defmed as the period beginning on the effective date and ending on the date that this Agreement terminates. The Owner, and all of the Owner's heirs, successors and assigns shall be deemed to have filed a petition for voluntary annexation before the end of the Term, for annexation of the Property to be completed on or after the end of the Term. Prior to the end of the Term, the City may commence the voluntary annexation of the Property. In connection with annexation pursuant to this section, the Owners hereby waive any vested rights they may have under Section 43.002(a)(2) and Chapter 245 of the Texas Local Government Code that would otherwise exist by virtue of any application, plan, plat or construction any of the owners may submit or initiate during the time between the expiration of this Agreement and the institution of annexation proceedings by the City. Section 15. All Notices and other communications hereunder shall be in writing and shall be deemed to be given when delivered in fully legible form by postage prepaid certified mail, return receipt requested. Notices shall be addressed to City or Owner and their respective legal representatives at the addresses set forth below: !fto City: City Manager City of Anna P.O. Box 776 111 N. Powell Parkway Anna, Texas 75409 With Mandatory Copy to: Clark McCoy Wolfe, Tidwell & McCoy, LLP 2591 Dallas Parkway. Suite 205 Frisco. TX 75034 !fto Owner: 'Owners Name (Jl3 r-CIZ {;'IJ Qwm's Address I}/V),'J-. 7 X The City and the Owner acknowledge and agree that: (1) this Amendment does not alter the effective date of the Agreement; (2) the above-stated modifications to Section 5 and the addition of Section 15 are the sole modifications to the Agreement made under this Amendment; (3) this Amendment shall not become effective unless and until the Owner fully executes this Amendment and delivers same to the City, said full execution and delivery are required to occur before the expiration of 10 business days after the Council adopts this Amendment in a duly noticed meeting; (4) the failure of the Owner to fully execute and deliver this Amendment as stated within said time period shall render this Amendment null and void and of no effect; and (5) there are no other written or oral representations or understandings that modify the Agreement. THE STATE OF TEXAS } COUNTY OF COLLIN } This instrument was acknowledged before me on the~daY of t:h flrf.<'f 2011, by Philip Sanders, City Manager, City of Anna, Texas. ~~.~.~\. Nathe J Wilkison .fi \* My commisllion EXplnlll ~Of~' 1111312013 /~~.. ~~1 i1 k ;:;; IPrinted Name: LIC Jj e ( :i2 'j ("r THE STATE OF TEXAS } COUNTY OF C....~bI\} of fe-bru.n(i t, 2011, byC owled ed before me on the ~day -'\-'-'-"'................."'"""'_-'-"""".......""""'__, Owner 1. ~"..",~..,t~&(!~,yet.,,~t. CHARLOTTE EUGENIA RUFFLEI"',' '~'i Notary Public, State of Texas ~~ ..~j My Commission Expires.,&t;,!j:.? February 26.2012 THE STATE ~~TEXAS } COUNTY OF :x:Ya.~ ('\'~[)IDent wat£>:sf.~before me on the ~day ~~ \4. ,Owner 2. EXHIBIT "A" BeiDB aitualed in CoIIiJI CouaIy, T-. in the John RmoIaDd Surwy, __DO. 184 aad !Jc:ias _lora 41.39 __bcirJa 1Dct IV or a -.ty daed &om Brodie HeuIJsdr 10 W~AdamI, QaoI Lawreace. aad ~RobettIIoo II -*I in volume 1291, pqe 727, or the o-lRalonk or Collm CouDty, T-. aad beina mon: parIiculady described by _.mil bouIId& as fbIlowI: BEGINNING .. a point dat ....Soulb 89 ~37 IDiIMa 23 ...WIIIsI 20 feet &om a 314i11dl.1OII fbaIld illille CC!IIIefofalllldlHoulh -,.....1S11 being the ~__of_41.39 _IDICI; THENCE IIOl1b 00 ~06 ___ wItlI a line l*IIIIellO lite center or saic\ -,.....lSI I, a ___orG7.07 feet a -poiIIt lOr CCIIIIIr, THENCE IOUIh 89 de..-371l11iat.1tw 23 ..._ • diIIiIace of 1,000 feet a point far CCIIIIIr, THENCE IOUIh 00 ....06 ....... 00 --.Wat a ___ or 436." feel to a poinl farC<ll'lJer, TIIaIce IIOl1b 89 __37 __23 __.......... willi .. old r-.mil IIeII&o lOW a dioImct: of 1,000 rca to the ~or~.... conIIIiDia& 10 acres of laDd _ """IIIIY..-ofille JIRIPCdY II1II iII.-orC-1y .RAlMIor lcss, _ .nl. FOSTER LEGAL INAREA"O" 10_ / I! 1I1~ I 1i 5 ~- 1'­