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HomeMy WebLinkAboutRes 2024-04-1614 Development Agreement with Anna 60 Partners LP (City Park Heights East) RECORDEDCITY OF ANNA, TEXAS RESOLUTION NO. 20 Z14 — OI { — I to I y A RESOLUTION OF THE CITY OF ANNA, TEXAS APPROVING THE WOODLAND ESTATES DEVELOPMENT AGREEMENT WITH RELATING TO DEVELOPMENT OF PROPERTY FOR A SINGLE-FAMILY PLANNED DEVELOPMENT WHEREAS, approximately 60± acres of real property located in and/or near the municipal boundaries of the City, in Collin County, Texas is intended to be developed as a single-family planned development (the "Property"); and WHEREAS, the City intends that the Property be developed in accordance with the City Park Heights East Pre -Annexation Development Agreement, attached hereto as Exhibit 1; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS THAT: Section 1. Recitals Incorporated. The recitals above are incorporated herein as if set forth in full for all purposes. Section 2. Approval and Authority to Execute The City Council hereby approves the City Park Heights East Pre -Annexation Development Agreement, attached hereto as Exhibit 1, and authorizes the Mayor's or the City Manager's execution of the same. The Mayor or City Manager are hereby authorized to execute all documents and take all other actions necessary to finalize, act under, and enforce the Development Agreement. PASSED by the City Council of the City of Anna, Texas, on this 23rd day of April 2024. City Park Heights East DEVELOPMENT AGREEMENT This CITY PARK HEIGHTS EAST DEVELOPMENT AGREEMENT (this "Agreement") is entered into by and between the CITY OF ANNA, TEXAS, a home -rule municipality (the "City"), Anna 60 Partners LP, a Delaware Entity (its successors and assigns, "Developer"), to be effective as of a3, 2024 (the "Effective Date"). ARTICLE I RECITALS WHEREAS, certain terns used in these recitals are defined in Article 2; and WHEREAS, Developer owns or is under contract to purchase approximately +/-62.5 acres of real property located within Collin County, Texas (the "County"), which property is described by metes and bounds on Exhibit A ("Property") attached hereto and incorporated herein by reference; and WHEREAS, the Property is located wholly within the extraterritorial jurisdiction ("ETJ") of the City; and WHEREAS, the Property is located entirely within the certificated area of the City's water CCN (No. 12976) and sewer CCN (No. 20898); WHEREAS, Developer desires to develop the Property pursuant to mutually agreeable governing regulations; and WHEREAS, Developer anticipates commencing development on the Property as a residential development following the Date of Acquisition (defined herein) and the adoption of an ordinance by the City annexing the Property in accordance with the terns of this Agreement; and WHEREAS, the Developer and the City are sometimes collectively referenced in this Agreement as the "Parties," or, each individually, as a "Party"; and WHEREAS, except as otherwise expressly set forth to the contrary in this Agreement, it is the Parties' mutual intent that this Agreement shall supersede City Regulations only to the extent that City Regulations conflict with the terns of this Agreement; and WHEREAS, the Parties desire for the design, construction, and financing of certain public infrastructure necessary to serve the Property and other properties in the vicinity of the Property that will benefit the City and the public; WHEREAS, the Parties have the authority to enter into this Agreement including, but not limited to, the authority granted by Section 212.172 of the Texas Local Govertnnent Code; NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties agree as follows: City Park Heights East DEVELOPMENT AGREEMENT — Page 1 ARTICLE II DEFINITIONS Unless the context indicates otherwise, the following teens shall have the meanings hereinafter set forth: Building Codes has the meaning ascribed to that teen in Section 3.1(f). Business Day shall mean a day that is not a Saturday, Sunday or official holiday in the State of Texas. All other references to "days" hereunder shall mean calendar days. Capital Improvement(s) shall have the meaning provided in Chapter 395, Texas Local Government Code. Capital Improvement Costs means Construction Costs for Capital Improvements. Capital Improvements Plan ("CIP") means all capital improvements plan(s) duly adopted by the City under Chapter 395, Texas Local Governinent Code, as may be updated or amended from time to time. CCN means a certificate of convenience and necessity issued by the Texas Public Utility Commission or its predecessor or successor agency pursuant to Chapter 13, Texas Water Code. City means the City of Anna, a home rule municipality located in Collin County, Texas. Cites means the Anna City Code of Ordinances. City Council means the City Council of the City. City Manager means the current or acting City Manager of the City of Anna or a person designated to act on behalf of the City Manager if the designation is in writing and signed by the current or acting City Manager. City Regulations mean City Code provisions, ordinances, design standards, uniform codes, and other ordinances or regulations duly adopted by the City Council, as modified by the Governing Regulations. Construction Costs means any contributions, dedications or costs or fees actually paid by the Developer for infrastructure improvements, as applicable, including without limitation the costs related to engineering, design, surveying, pennitting, construction, inspection, materials, supplies, labor, testing, financing, off -site, third -party property/easement acquisitions, and all costs related in any manner to such infrastructure improvements as approved by the City's engineer; however, the cost of off -site, third -party property/easement acquisitions obtained by the City pursuant to Section 4.7, if any, shall be limited to the fair -market value of any property/easement acquired, plus any damages to the remainder, all as detennined by a licensed appraiser mutually agreed upon by the Parties, and Eminent Domain Fees. City Park Heights East DEVELOPMENT AGREEMENT — Page 2 Date of Acquisition means the date that Developer or its assignee acquires the Property, at which time this Agreement shall become effective and filed in the Real Property Records of Collin County, Texas. Developer means Ania 60 Partners, LP, a Delaware Entity, its successors and assigns. Developer Improvements means the Lift Station Improvements, the Water System Improvements, the Roadway Dedication and the Roadway Improvements, to the extent shown in the current Master Thoroughfare Plan, Water System Master Plan, Wastewater System Master Plan, or fonnally added to these plans in accordance with this Agreement. Development means new development on the Property that is the subject of this Agreement. Development Regulations has the meaning ascribed to that term in Section 3.1(d). Effective Date has the meaning ascribed to that term in the first paragraph. Governing Regulations has the meaning ascribed to that term in Section 3.1. Impact Fees means those roadway impact fees, water impact fees, and wastewater impact fees assessed and charged against the Property or the Project in accordance with Chapter 395 of the Texas Local Govenunent Code and as defined therein, including without limitation those impact fees paid by or on behalf of any owner, builder or contractor. For the avoidance of doubt, the terra "Impact Fees" when capitalized in this Agreement shall not include water impact fees. Impact Fee Accounts means the interest -bearing Impact Fee deposit accounts maintained by the City pursuant to Section 395.024, Texas Local Government Code, as amended. For clarity, the term "Impact Fee Accounts" for purposes of this Agreement shall only include accounts in which roadway hnpact Fees, water hnpact Fees, and wastewater Impact Fees are deposited. Impact Fee Reimbursement(s) means direct payments from the Impact Fee Accounts to reimburse Capital Improvement Costs that the City requires Developer to construct pursuant to this Agreement or otherwise). Municipal Services means all services provided by the City as of the Effective Date and those which may be provided in the future, including, without limitation, water, sewer, roadway, drainage, solid -waste collection, fire protection, and law enforcement. Notice means any notice required or contemplated by this Agreement (or otherwise given in confection with this Agreement). Project means Developer's proposed development of the Property with single family residential uses including not to exceed 500 residential lots. Exhibit C. Property means the real property described by metes and bounds on Exhibit A. City Park Heights East DEVELOPMENT AGREEMENT — Page 3 Property Public Infrastructure means all public infrastructure constructed to serve the development within the Property, including but not limited to water, sewer, drainage, and roadway infrastructure; sidewalks, streetlights, signage and other streetscape improvements. Roadway Dedication means the dedication of approximately 7.75 acres for the Roadway Improvements in the general location for future Ferguson Parkway (minor arterial), future "Road H" (future residential collector) and future Road "S" (future east -west arterial at northern end of the subject property) depicted on Exhibits D-1, D-2 and D-3. Roadway Improvements (future Ferguson Parkway) means approximately 2,500 linear feet of 8- inch (8") thick concrete pavement, of four (4) lanes of Ferguson Parkway from CR 371 to the future northernmost east -west arterial connecting to the grade -separated intersection with US 75, and a five foot (5') wide sidewalk along the west side of such road improvements, including without limitation associated right-of-way preparation, grading, erosion control, paving excavation, drainage (e.g., stonn sewer pipe, inlets, junction boxes, and headwalls, as applicable), curbs, striping, and any other improvements related to the same, as applicable, as generally depicted on Exhibit E-1 and generally in accordance with the final design/construction plans for the same. Roadway Improvements (future "Road H" (residential collector)) means approximately 1,500 linear feet of 8-inch (8") thick concrete pavement, 37' wide which will constitute a residential east - west collector (Road "H") connecting from CR 371 on the Developer's western property line to a point near the Developer's eastern property line near Bryant Elementary School, and a five foot (5') wide sidewalk along the north side of such road improvements, including without limitation associated right-of-way preparation, grading, erosion control, paving excavation, drainage (e.g., stonn sewer pipe, inlets, junction boxes, and headwalls, as applicable), curbs, striping, and any other improvements related to the same, as applicable, as generally depicted on Exhibit E-2 and generally in accordance with the final design/construction plans for the same. Roadway Improvements future east -west arterial means approximately 750 linear feet of 8-inch (8") thick concrete pavement, 60' ROW, constitute a residential east -west arterial (to be named later) connecting from the Developer's eastern property line to future Ferguson Parkway, and a five foot (5') wide sidewalk along the south side of such road improvements, including without limitation associated right-of-way preparation, grading, erosion control, paving excavation, drainage (e.g., storm sewer pipe, inlets, junction boxes, and headwalls, as applicable), curbs, striping, and any other improvements related to the same, as applicable, as generally depicted on Exhibit E-3 and generally in accordance with the final design/construction plans for the same. Roadway Improvements Costs has the meaning ascribed to that teen in Section 4.5(d). Sign Ordinance has the meaning ascribed to that tenn in Section 3.1(c). Subdivision Regulations has the meaning ascribed to that tern in Section 3.1(a). Tenn has the meaning ascribed to that term in Article IX. Zoning Ordinance has the meaning ascribed to that tern in Section 3.1(b). City Park Heights East DEVELOPMENT AGREEMENT — Page 4 ARTICLE III DEVELOPMENT REGULATIONS 3.1 Governing Regulations. Development of the Property shall be governed by the following regulations (collectively, the "Governing Regulations," all of which are incorporated into this Agreement as if set forth in full): (a) City Code, Article 9.02, the subdivision regulations of the City, in effect on the Effective Date (the "Subdivision Regulations"); (b) except as amended by the Development Regulations (defined below), the comprehensive zoning ordinance of the City, in effect on the Effective Date (the "Zonin Ordinance"); (c) City Code, Article 9.05, in effect on the Effective Date (the "Sign Ordinance")-, (d) the development regulations for the Property set forth on Exhibit B, including the Illustrative Layout / General Development Plan attached thereto (except as otherwise set forth in Section 3.3 in the event of conflicts) (the "Development Regulations"); (e) upon annexation pursuant to Section 5.1, the uniform building codes, as amended from time to time, including any local amendments thereto adopted by the City (the "Building Codes"). The tenn'Building Codes," as applied to a particular building shall mean the Building Codes in effect on the date the first application is filed for a building pen -nit for the building in question. For the avoidance of doubt, the Building Codes shall only apply to the Property from and after annexation of the Property. As it relates solely to Property Public Infrastructure for any given phase of the Project —notwithstanding any provision of this Agreement —the applicable construction standards (including, without limitation, the Building Codes) shall be those that the City has duly adopted at the time of the filing of an application for a preliminary plat for such phase containing the Property Public Infrastructure in question; and (f) except as set forth in this Agreement to the contrary, any other applicable provisions of Chapter 4 (Building Regulations), Chapter 6 (Fire Prevention and Protection), Chapter 9 (Plaiming and Development Regulations), Chapter 12 (Utilities) and Appendix A (Fee Schedule) of the City Code. The Governing Regulations are the controlling development regulations for development of the Property, and no other City Regulations, rules, standards, policies, orders, guidelines, or other City -adopted or City -enforced requirements of any kind (including but not limited to any moratorium adopted by the City) apply to the use or development of the Property to the extent such regulations or requirements are in conflict with the Governing Regulations or this Agreement. The Governing Regulations are considered part of this Agreement and are incorporated herein by reference for all purposes. City Park Heights East DEVELOPMENT AGREEMENT — Page 5 3.2 Compliance with City Regulations. It is expressly understood that the City Regulations (as amended by the Governing Regulations and this Agreement) as applicable to the Property and its use and development, include but are not limited to any such City Regulations (as amended by the Governing Regulations and this Agreement) that were affected by the passage of Texas H.B. 2439, 86(R), codified as Chapter 3000 of the Texas Government Code ("Materials and Methods Regulations") all of which are incorporated herein as if set forth in full; except as may be amended by the approval and adoption of amended Planned Development District Standards provided, however, to the extent of any conflict between the requirements of the Materials and Methods Regulations and the requirements of this Agreement, this Agreement shall control and the Materials and Methods Regulations shall not be applicable to the development of the Property to the extent of any conflict with the terms of this Agreement. 3.3 Conflicts. In the event of any conflict between the Development Regulations and the Zoning Ordinance, Sign Ordinance, or Building Codes, the Development Regulations contained herein shall control. In the event of a conflict between the Governing Regulations and the City Regulations, the Governing Regulations shall control. In the event of any conflict between this Agreement and any other ordinance, rule, regulation, standard, policy, order, guideline or other City -adopted or City -enforced requirement, whether existing on the Effective Date or hereinafter adopted, unless otherwise agreed by the Parties, this Agreement shall control. In the event of any conflict between the Illustrative Layout / General Development Plan and the remainder of the Development Regulations in Exhibit B, the remainder of the Development Regulations in Exhibit B shall control and prevail. In the event of any conflict between any future Concept Plan and the Development Regulations in Exhibit B, the Development Regulations in Exhibit B shall control (except for modifications to the Illustrative Layout / General Development Plan that are allowed pursuant to the terms of the Development Regulations and/or Zoning Ordinance). ARTICLE IV UTILITIES; PUBLIC INFRASTRUCTURE 4.1 Generally. City and Developer agree in principle to fund certain on -site infrastructure and other improvements for the subject Property pursuant to the establishment of a Property Improvement District ("PID") upon the terms and conditions to be mutually agreed upon and documented within ninety (90) days of Developer's closing on the Property. Other infrastructure improvements: 1) roadway improvements; 2) off -site water; 3) off site sanitary sewer; 4) oversize water or sanitary sewer shall be reimbursed to the Developer from either the City of Anna's Capital Improvements Program; available oversize reimbursement funds, and/or impact fee credits. Reimbursements shall include the full cost of construction, design, survey and other related expenses. Except as otherwise expressly provided for in this Agreement, Developer shall provide all on -site Property Public Infrastructure necessary for the Development, including streets, utilities, drainage, sidewalks, street lighting, street signage, and all other required improvements, at no cost to the City except as provided herein or otherwise required pursuant to applicable law, in accordance with City Regulations, and as approved by the City's engineer or his or her agent. Developer shall cause the installation of such improvements within all applicable time frames in accordance with the City Regulations and/or amended Planned District Regulations unless otherwise approved herein. Developer shall provide engineering studies, plan/profile sheets, and other construction documents at the time of platting as required by City Regulations. Such plans shall be approved by the City's engineer or his or her agent prior to approval of a final plat. City Park Heights East DEVELOPMENT AGREEMENT — Page 6 Construction of any portion of the Property Public Infrastructure shall not be initiated until a pre -construction conference that includes a City representative has been held regarding the proposed construction and City has issued a written notice to proceed, which notice shall not be unreasonably withheld, conditioned or delayed. 4.2 Sanitary Sewer Facilities. (a) Generally. Developer is responsible for the design, installation, and construction in a good and workmanlike manner of all on -site sanitary sewer improvements minimally necessary to serve the Project ("Sewer Facilities"). The design of Sewer Facilities shall be in accordance with the City Regulations and approved by the City in advance of the construction of same. Subject to the City's obligations under Section 4.7, (b) Off -Site Sanitary Sewer Facilities. Developer shall be required to construct and fund off -site sanitary sewer facilities or improvements for development of the Property. The cost for the off -site sanitary sewer facilities shall be reimbursed either through the City's Capital Improvement Program (as a reimbursement), the future PID, a reimbursement of commensurate utility impact / tap fees, other available programs through the City's Subdivision Ordinance or a combination of these mechanisms. The reimbursements for such facilities shall include the cost of construction, design, survey, and other related costs approved by the City Engineer and such approval will not be unreasonably withheld, conditioned, or delayed. (c) Exhibit H: Utilities illustrates the location of off -site sanitary sewer facilities. Although it is anticipated that the developments to the south will provide utility "stub -outs" to the subject property, the timing is unknown. Therefore, the City and the Developer hereby agree to coordinate with the adjacent development to expedite the major off -site trunk sanitary sewer facilities. The Developer will make reasonable efforts to coordinate with the adjacent property owners and land developers to acquire easements and/or expedite the construction of the sanitary sewer facilities; however, in the event that the Developer is unsuccessful, the City shall participate in expediting the off -site sanitary sewer facilities. (d) Amendment to CIP. The City agrees that it will take all required actions to amend the City's Capital Improvements Plan to include all the costs for the off -site sanitary sewer Improvements ("CIP Amendment") within six (6) months of the Effective Date, including without limitation the City Council's consideration and final action of the same. Developer shall have no responsibility for any costs associated with the CIP Amendment. 4.3 Water Facilities. (a) Developer is responsible for the design, installation, and construction of all on -site water improvements minimally necessary to serve the Project ("Water Facilities"). The design of the Water Facilities shall be in accordance with the City Regulations and approved by the City in advance of the construction of the same. Subject to the City's obligations under Section 4.7, Developer shall be responsible for the acquisition of any easements and other property acquisitions necessary for the Water Facilities (the size and City Park Heights East DEVELOPMENT AGREEMENT — Page 7 extent of each such easement or other property interest to be approved by the City) for all development upon and within the Property. The locations of said easements or other property interests shall be approved by the City's engineer as part of the platting process. (b) Off -Site Water Facilities. Developer shall be required to construct and fund off -site water facilities or improvements for development of the Property. The cost for the off -site water facilities shall be reimbursed either through hmpact Fee Reimbursements, a Public Improvement District as described in Section 4.8, a waiver of tap fees, or a combination of these. (c) Amendment to CIP. The City agrees that it will take all required actions to amend the City's Capital Improvements Plan to include all the costs for the off -site water Improvements ("Water CIP Amendment") within six (6) months of the Effective Date, including without limitation the City Council's consideration and final action of the same. Developer shall have no responsibility for any costs associated with the Water CIP Amendment. 4.4 Water and Sewer Services. (a) Generally. The City represents and confirms that it currently has and reasonably expects to continue to have the capacity to provide continuous and adequate retail water and sewer service to the Property at times and in capacities sufficient to meet the service demands of the Project as it is developed. Upon acceptance of the Water Facilities and Sewer Facilities, the City shall operate said facilities to serve the Project and use them to provide service to all customers within the Project at the same rates as similar projects located within the City as otherwise required by State law as the holder of the CCNs covering the Property. (b) Sewer Service. From and after the Date of Acquisition, the City shall be the retail provider of wastewater service to the Property. If the City is at any time unable or unwilling to provide adequate wastewater treatment capacity for the Property for development permitted under this Agreement, the City agrees and consents to (1) Developer taking all actions necessary to procure additional wastewater capacity from another source to resolve the deficiency and, if unsuccessful in such procurement, Developer taking all actions necessary to remove the City as the retail provider of wastewater service to the Property; (2) allowing the un-served portion of the Property to be served by an alternative retail provider to the extent required to resolve any deficiency, including, but not limited to, a wastewater treatment plant; and (3) Developer's discharge permit application to the TCEQ if a municipal utility district or other district will serve as the alternative retail provider of wastewater service to any portion of the Property. Notwithstanding the foregoing, if a professional engineer who holds a license issued under Chapter 1001, Texas Occupations Code, certifies that the City is capable of providing continuous and adequate wastewater service to all or any portion of the Property, the City will be required to do so. (c) Water Service. From and after the Date of Acquisition, the City shall be the retail provider of water service to the Property. If the City is at any time unable or unwilling City Park Heights East DEVELOPMENT AGREEMENT — Page 8 to provide adequate water treatment capacity to the Property for development pennitted under this Agreement, the City agrees and consents to (1) Developer taking all actions necessary to procure additional water capacity from another source to resolve the deficiency and, if unsuccessful in such procurement, Developer taking all actions necessary to remove the City as the retail provider of water service to the Property; and (2) allowing the un-served portion of the Property to be served by an alternative retail provider to the extent required to resolve any deficiency. Notwithstanding the foregoing, if a professional engineer who holds a license issued under Chapter 1001, Texas Occupations Code, certifies that the City is capable of providing continuous and adequate water service to all or any portion of the Property, the City will be required to do so. Water wells other than water wells currently part of the City's water system may be used, subject to any applicable state rules and regulations, as a potable water supply for the Property if the City is unable or unwilling to provide retail water service to the Property. 4.5 Roadway Facilities. (a) Developer is responsible for the design, installation, and construction in a good and workmanlike manner of all on -site roadway facilities necessary to serve the Project ("Roadway Facilities") in accordance with the City Regulations. The design of the Roadway Facilities shall be approved by the City in advance of the construction of same. (b) Roadway Dedication and Roadway Improvements. Developer agrees to (1) provide the Roadway Dedication; and (2) subject to the City's obligations under Section 4.7, cause the design and construction of and fund or cause to be funded the Roadway Improvements, and shall be entitled to reimbursement for such Roadway Improvements, including Right -Of -Way dedication, either through hnpact Fee Reimbursements, a Public Improvement District as described in Section 4.8, or a combination of these mechanisms. he design and civil engineering for the Roadway Improvements shall be commenced by or on behalf of Developer within 90 days of the Effective Date. Developer shall commence or cause the commencement of onsite construction of the Roadway Improvements within 12 months of the Effective Date. Substantial Completion of construction of the Roadway Improvements shall occur within 36 months of the Effective Date and shall occur before or substantially concurrent with the City's acceptance of the Property Public Infrastructure for the first phase of the Development. If the completion of construction of the Roadway Improvements is not complete within said 36-month period, the City may witlihold any and all building permits for construction of residences until said construction of the Roadway Improvements has been completed and accepted by the City. Other than the Roadway Improvements, Developer shall not be required to construct or fund any off -site roadway facilities or improvements for development of the Property. For purposes of this Section 4.5(b) "commencement of onsite construction" shall mean when Developer or any affiliate or entity related to Developer has executed a construction contract and has mobilized the equipment and machinery on -site that is reasonably necessary to commence construction of the Roadway Improvements. City Park Heights East DEVELOPMENT AGREEMENT — Page 9 (c) City Cost Participation of RoadwaImprovements. (1) As of the Effective Date, the Parties anticipate that the Roadway Improvements Costs for Ferguson Road will be equal to or less than $3,400,000.00. Notwithstanding any statement to the contrary herein, if at the time Developer receives full design plans and construction bids for the Roadway Improvements and the estimate of the Roadway Improvements Costs exceeds $3,400,000.00 (which exceeds the total estimated Impact Fee Reimbursement for such Roadway Improvements), the Parties agree to either (1) enter into a new agreement or amend this Agreement to provide for a different mechanism whereby the City will reimburse Developer for any Roadway Improvements Costs for Ferguson Parkway that exceed $3,400,000.00; or (2) amend this Agreement to reduce the scope of said Roadway Improvements in order to lower the total Roadway Improvements Costs equal to or below $3,400,000.00. See for reference Exhibit E-1: Roadway Dedication Ferguson Road. (2) As of the Effective Date, the Parties anticipate that the Roadway Improvement Costs for the East-West Collector (Road "H") will be equal to or less than $1,800,000.00. Notwithstanding any statement to the contrary herein, if at the time Developer receives full design plans and construction bids for the Roadway Improvements and the estimate of the Roadway Improvements Costs exceeds $1,800,000.00 (which exceeds the total estimated Impact Fee Reimbursement for such Roadway Improvements), the Parties agree to either (1) enter into a new agreement or amend this Agreement to provide for a different source from which the City will reimburse Developer for any Roadway Improvements Costs for Road H that exceed $1,800,000.00; or (2) amend this Agreement to reduce the scope of said Roadway Improvements in order to lower the total Roadway Improvements Costs equal to or below $1,800,000.00. See for reference Exhibit E-2 Roadway Dedication Road H. (3) As of the Effective Date, the Parties anticipate that the Roadway Improvement Costs for the East-West Arterial which extends to US 75 grade separated interchange (Mantua Road Interchange) will be equal to or less than $450,000.00. Notwithstanding any statement to the contrary herein, if at the time Developer receives full design plans and construction bids for the Roadway Improvements and the estimate of the Roadway Improvements Costs exceeds $450,000.00 (which exceeds the total estimated Impact Fee Reimbursement for such Roadway Improvements), the Parties agree to either (1) enter into a new agreement or amend this Agreement to provide for a different source from which the City will reimburse Developer for Road S that exceed $450,000.00; or (2) amend this Agreement to reduce the scope of said Roadway Improvements in order to lower City Park Heights East DEVELOPMENT AGREEMENT — Page 10 the total Roadway Improvements Costs equal to or below $450,000.00. See for reference Exhibit E-3 Roadway Dedication Road S. (d) Documentation of Roadway Improvements Costs. Once Developer fully completes the Roadway Improvements, and before the City has accepted the Roadway Improvements after inspection, Developer shall provide the City Manager with documentation evidencing the Capital Improvement Costs for the Roadway Improvements, including without limitation the fair market value of the Roadway Dedication (the "Roadway mprovements Costs"). The "Roadway Improvement Costs shall include the costs for civil engineering, surveying, platting, grading, pavement, associated storinwater system, associated sidewalks, associate landscaping (including trees, sod, irrigation), associated traffic management and signage, and incidentals such as SWPPP, bonds, pro- rated project management, and other related construction fees. The City Manager shall review said documentation (the "Roadway IMprovements Costs Documentation") and shall approve or deny the Roadway Improvements Costs within fifteen (15) Business Days of receipt thereof (which approvals shall not be unreasonably withheld, conditioned or delayed) or a longer period of time if the City Manager reasonably requests additional evidence of the Roadway Improvements Costs. If the City Manager denies any Roadway Improvements Costs, the City Manager shall provide Developer with a detailed explanation as to the reasons for denial and a description of the additional information needed. Developer may resubmit any costs and additional information for costs that are denied. If the City Manager takes no action within thirty (30) calendar days of Developer's initial submittal of the Roadway Improvements Costs, the Roadway Improvements Costs shall be deemed automatically approved. Upon approval (or deemed approval) of the Roadway Improvements Costs, the City shall issue a written acceptance letter to Developer, which shall signify final acceptance by the City of the Roadway Improvements and Roadway Dedication. Notwithstanding the foregoing or any other provisions of this Agreement, the Roadway Improvements Costs or any portion thereof shall not be deemed approved unless the Developer includes on the first page of the Roadway Improvements Costs Documentation a statement in bold, underlined, fully -capitalized lettering in at least 12- point sized font stating: "IF THE CITY MANAGER TAKES NO ACTION WITHIN THIRTY (30) CALENDAR DAYS OF THE SUBMITTAL OF THIS ROADWAY IMPROVEMENTS COSTS DOCUMENTATION, THEN THE ROADWAY IMPROVEMENTS COSTS SHALL BE DEEMED TO BE AUTOMATICALLY APPROVED." (e) The City agrees to cooperate with Developer (or its representatives) to facilitate the aligninent of future Ferguson Parkway from CR 371 to the northernmost "east -west" arterial as shown on the Illustrative Layout / General Development Plan included with the Development Regulations. Ferguson Parkway is currently aligned in such a way that two lanes are the responsibility of two different property owners in two different areas. The Developer is willing to build those "off -site" segments of two lanes, provided that the City reimburses the Developer in "dollar for dollar" for all off -site expenses and the City acquires the Right -Of -Way from the two property owners. Developer shall not commence such construction without written approval from the City's engineer. City Park Heights East DEVELOPMENT AGREEMENT — Page 11 (f) The City agrees to cooperate with the Developer (or its representative) to facilitate the aligrunent of the future "east -west" arterial at the northern end of the Property as shown on the Illustrative Layout / General Development Plan included with the Development Regulations. 4.6 Construction, Inspection, and Ownership. (a) Construction Bidding. The Parties acknowledge that construction of the Developer Improvements and Property Public Infrastructure are not subject to competitive bidding requirements under applicable law. Notwithstanding any other provision of this agreement: (1) the City's level of participation in funding any costs under this Agreement shall not exceed 30 percent of the total contracted price of such improvements or infrastructure exclusive of costs for any oversizing of improvements required by the City (including but not limited to increased capacity of improvements to anticipate other future development in the area); and/or (2) at least one-third of such costs is to be paid by or through special assessments levied on property that will benefit from the improvement. (b) Performance Bond, Payment Bond and Other Security. For each construction contract for all or any part of the Developer Improvements and the Property Public Infrastructure, the contractor for such improvements, as applicable, must execute a perfonnance bond in favor of the City and a payment bond for the construction and work covered by those contracts, which bonds shall be in accordance with Texas Government Code, Chapter 2253 and applicable City Regulations. For each construction contract for all or any part of the Developer Improvements and the Property Public Infrastructure, Developer or the contractor for such improvements further must execute a maintenance bond in accordance with applicable City Regulations that guarantee the costs of any repairs which may become necessary to any part of the construction work performed in connection with the Developer Improvements and/or the Property Public Infrastructure, arising from defective workmanship or materials used therein, for a full period of two (2) years from the date of final acceptance of the Developer Improvements and/or Property Public Infrastructure constructed under such contract. (c) Inspections and Acceptance of Developer Improvements and Property Public Infrastructure. The City shall inspect, as required by City Regulations, the construction of all Developer Improvements and any Property Public Infrastructure necessary to support the proposed development within the Property, including water, sanitary sewer, drainage, and streets. The City's inspections shall not release the Developer from its responsibility to construct, or cause the construction of, adequate Developer Improvements and Property Public Infrastructure in accordance with approved engineering plans, construction plans, and other approved plans related to development of the Property. Notwithstanding any provision of this Agreement, it shall not be a breach or violation of this Agreement if the City temporarily withholds City utility services as to any portion of the Development until all Property Public Infrastructure necessary to serve such portion of the Development is properly constructed according to the approved engineering plans and City Regulations, and until such Property Public Infrastructure has been dedicated to and accepted by the City, which acceptance shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, the City may not withhold utility services to a City Park Heights East DEVELOPMENT AGREEMENT — Page 12 portion of the Development if all necessary infrastructure has been properly constructed and accepted by the City for such portion of the Development, even if infrastructure for other portions of the Development have not yet been completed. For the avoidance of doubt, the Parties intend that the Development may be constructed in phases and Developer is only required to construct such Property Public Infrastructure necessary to serve each phase, respectively. From and after the inspection and acceptance by the City of the Property Public Infrastructure and any other dedications required under this Agreement, such improvements and dedications shall be owned by the City. Acceptance of the Developer Improvements and Property Public Infrastructure by the City shall not be unreasonably withheld, conditioned, or delayed, and shall be evidenced in a writing issued by the City Manager or his or her designee. Upon acceptance of the Property Public Infrastructure or any portion thereof by the City, the City shall, at all times thereafter, maintain and operate the accepted improvements in good condition and working order in compliance with all applicable laws and ordinances and all applicable regulations, rules, policies, standards, and orders of any governmental entity with jurisdiction over same. (d) Phasing. The Property (including the Property Public Infrastructure to serve the same) may be developed in phases and Developer may submit or cause to be submitted a plat for all or any portions of the Property in accordance with the Governing Regulations. The Developer Improvements may also be completed and accepted in phases. (e) Insurance. Developer and/or the general contractor(s) for construction of the Developer Improvements and the Property Public Infrastructure shall acquire and maintain, during the period of time when any of the Developer Improvements and Property Public Infrastructure are under construction (and until the full and final completion of such Developer Improvements and/or Property Public Infrastructure, as applicable, and acceptance thereof by the City): (a) workers compensation insurance in the amount required by law; and (b) commercial general liability insurance including personal injury liability, premises operations liability, and contractual liability, covering, but not limited to, the liability assumed under any indemnification provisions of this Agreement, with limits of liability for bodily injury, death and property damage of $1,000,000.00. Such insurance shall also cover any and all claims which might arise out of the Developer hnprovements and/or Property Public Infrastructure construction contracts, as applicable, whether by Developer, a contractor, subcontractor, material man, or otherwise. Coverage must be on a "per occurrence" basis. All such insurance shall: (i) be issued by a carrier which is rated "A-1" or better by A.M. Best's Key Rating Guide and licensed to do business in the State of Texas; and (ii) name Anna 60 Partners LP, a Delaware Entity, and the City as an additional insured and contain a waiver of subrogation endorsement in favor of the City. Upon the execution of construction contracts for the Developer Improvements and/or Property Public Infrastructure, as applicable, Developer shall provide or cause to be provided to the City certificates of insurance evidencing such insurance coverage, along with the endorsement naming the City as an additional insured. Each such policy shall provide that, at least 30 days prior to the cancellation of the same, the City shall receive written notice of such cancellation. For the avoidance of doubt, if the insurance required pursuant to this subsection is acquired and maintained by a contractor, such insurance provided by the contractor shall be sufficient (and Developer shall not be required to obtain duplicate insurance that is already provided by a contractor). City Park Heights East DEVELOPMENT AGREEMENT — Page 13 (f) INDEMNIFICATION and HOLD HARMLESS. THE DEVELOPER, INCLUDING ITS RESPECTIVE SUCCESSORS AND ASSIGNS, HEREBY COVENANT AND AGREE TO RELEASE, DEFEND, HOLD HARMLESS, AND INDEMNIFY THE CITY AND ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES, FROM AND AGAINST ALL THIRD -PARTY CLAIMS, SUITS, JUDGMENTS, DAMAGES, AND DEMANDS AGAINST THE CITY, WHETHER REAL OR ASSERTED INCLUDING WITHOUT LIMITATION REASONABLE ATTORNEY'S FEES AND RELATED EXPENSES, EXPERT WITNESS FEES, CONSULTANT FEES, AND OTHER COSTS (TOGETHER, "CLAIMS"), ARISING OUT OF THE NEGLIGENCE OF THE DEVELOPER, INCLUDING THE NEGLIGENCE OF ITS RESPECTIVE EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, MATERIAL MEN, AND AGENTS (EACH A "DEVELOPER PARTY" ), IN CONNECTION WITH THE DESIGN OR CONSTRUCTION OF ANY DEVELOPER IMPROVEMENTS, PROPERTY PUBLIC INFRASTRUCTURE, STRUCTURES, OR OTHER FACILITIES OR IMPROVEMENTS THAT ARE REQUIRED UNDER THIS AGREEMENT; AND IT IS EXPRESSLY UNDERSTOOD THAT SUCH CLAIMS SHALL, EXCEPT AS MODIFIED BELOW, INCLUDE CLAIMS EVEN IF CAUSED BY THE CITY'S OWN CONCURRENT NEGLIGENCE SUBJECT TO THE TERMS OF THIS SECTION. NOTWITHSTANDING THE FOREGOING, THE DEVELOPER SHALL NOT, HOWEVER, BE REQUIRED TO INDEMNIFY THE CITY AGAINST CLAIMS CAUSED BY THE CITYS SOLE NEGLIGENCE OR WILLFUL MISCONDUCT, AND IF THE CITY INCURS CLAIMS THAT ARE CAUSED BY THE CONCURRENT NEGLIGENCE AND/OR FAULT OF THE DEVELOPER OR A DEVELOPER PARTY AND THE CITY, THE DEVELOPERS INDEMNITY OBLIGATION WILL BE LIMITED TO A FRACTION OF THE TOTAL CLAIMS EQUIVALENT TO THE DEVELOPERS OWN PERCENTAGE OF RESPONSIBILITY IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. THE DEVELOPER, INCLUDING ITS RESPECTIVE SUCCESSORS AND ASSIGNS, FURTHER COVENANTS AND AGREES TO RELEASE, DEFEND, HOLD HARMLESS, AND INDEMNIFY, THE CITY AGAINST ANY AND ALL CLAIMS BY ANY PERSON CLAIMING AN OWNERSHIP INTEREST IN THE PROPERTY WHO HAS NOT SIGNED THIS AGREEMENT IF SUCH CLAIMS RELATE IN ANY MANNER OR ARISE IN CONNECTION WITH THE DEVELOPER'S MISREPRESENTATION TO THE CITY OF ITS OWNERSHIP, TRANSFER OR CONVEYANCE OF ANY PORTION OF THE PROPERTY. AT NO TIME SHALL THE CITY HAVE ANY CONTROL OVER OR CHARGE OF THE DESIGN, CONSTRUCTION OR INSTALLATION OF ANY IMPROVEMENTS CONSTRUCTED OR CAUSED TO BE CONSTRUCTED BY DEVELOPER NOR THE MEANS, METHODS, TECHNIQUES, SEQUENCES OR PROCEDURES UTILIZED FOR SAID DESIGN, CONSTRUCTION OR INSTALLATION. THIS AGREEMENT DOES NOT CREATE A JOINT ENTERPRISE BETWEEN THE CITY AND DEVELOPER. 4.7 Eminent Domain. Developer agrees to use reasonable efforts to obtain all third -party rights -of -way, consents, or easements, if any, required for the Developer Improvements and the Property Public Infrastructure. If, however, Developer is unable to obtain such third -party City Park Heights East DEVELOPMENT AGREEMENT — Page 14 rights -of -way, consents, or easements within sixty (60) days of commencing efforts to obtain the needed easements and right-of-way, the City agrees to take reasonable steps to secure same (subject to City Council authorization after a finding of public necessity) through the use of the City's power of eminent domain. Developer shall be responsible for funding all reasonable and necessary legal proceeding/litigation costs, attorneys fees and related expenses, and appraiser and expert witness fees (collectively, Eminent Domain Fees) paid or incurred by the City in the exercise of its eminent domain powers and shall escrow with a mutually agreed upon escrow agent the City's reasonably estimated Eminent Domain Fees both in advance of the initiations of each eminent domain proceeding and as funds are needed by the City. Provided that the escrow fund remains appropriately funded in accordance with this Agreement, the City will use all reasonable efforts to expedite such condemnation procedures so that the Developer Improvements and the Property Public Infrastructure, as applicable, can be constructed as soon as reasonably practicable. If the City's Eminent Domain Fees exceed the amount of funds escrowed in accordance with this paragraph, Developer shall deposit additional funds as requested by the City into the escrow account within fifteen (15) Business Days after written notice from the City. Any unused escrow funds will be refunded to Developer within thirty (30) calendar days after any condemnation award or settlement becomes final and non -appealable. Nothing in this subsection is intended to constitute a delegation of the police powers or governmental authority of the City, and the City reserves the right, at all times, to control its proceedings in eminent domain. Notwithstanding anything to the contrary in this Agreement, the Developer shall not be required to fund or construct any Developer Improvements or Property Public Infrastructure that Developer or the City are unable to secure required third -party rights -of -way, consents, or easements for in connection with the obligations of the Parties In this Section 4.7. Further, the Parties agree to cooperate in any future amendments to this Agreement needed to enable Developer to provide necessary Property Public Infrastructure to the Property. 4.8 Impact Fee Reimbursement; Public Improvement District (PID); Oversizing. (a) Impact Fee Reimbursement (1) City shall reimburse Developer for the major Roadway Improvements (Ferguson Parkway), East-West Collector Road (Road "H") and east -west Arterial at the north end of the subject property (Road "S") and Off -Site Utilities (both water and sanitary sewer) from available funds from the Impact Fee Accounts, as the primary source of reimbursement. (2) If the City has no available funds in the Impact Fee Accounts or cannot Amend the CIP within the specified timeline as described herein, the City may utilize other reimbursement sources including without limitation the Public hnprovement District. (3) Impact Fees for each phase of the Project shall be assessed and collected at the rates adopted by the City Council at the time such fees are collected an otherwise in accordance with applicable law. In accordance with state law, the City shall collect Impact Fees from the Property and place such collected Impact Fees in separate and City Park Heights East DEVELOPMENT AGREEMENT — Page 15 clearly identifiable interest -bearing Impact Fee Accounts for the benefit of the Developer. (4) Developer shall be entitled to Impact Fee Reimbursement for all Capital Improvement Costs borne by the Developer. The City hereby confines and represents that all of the Developer Improvements are or shall be Capital Improvements and are eligible for and entitled to Impact Fee Reimbursement hereunder. The City shall reimburse Developer up to the total Roadway Improvements Costs and off -site utility costs (both water and sanitary sewer costs), each in the aggregate, on a quarterly basis from the Impact Fees collected as described in subsection (1) above. The City shall provide the Impact Fee Reimbursement to Developer and the Impact Fee Reimbursement shall carry forward until the Roadway Improvement Costs and off -site utility costs (both water and sanitary sewer costs) have been reimbursed in full. (5) further, Developer shall be entitled to Impact Fee Reimbursement to fully compensate Developer for all other Capital Improvement Costs incurred due to requirements made by the City, if any, in connection with the Project in addition to costs incurred for the Developer Improvements. (b) Public Improvement District (PID) (1) City and Developer agree in principle to fund certain infrastructure and other improvements for the subject Property pursuant to the establislunent of a Public Improvement District ("PID") after full annexation of the Property and upon the terms and conditions to be mutually agreed upon and documented within ninety (90) days of Developer's closing on the Property. Upon the approval and creation of the PID, which shall have boundaries that are cotenninous with the boundaries of the Property, all on -site utility and roadway improvements that specifically benefit the Property shall be considered reimbursable from the PID. (2) To the extent that they specifically benefit the Property, Off -site Utilities and/or major Roadway Improvements (Ferguson, Road "H", and Road "S") shall be reimbursable through the PID only as a final reimbursement source in the event the Developer has not been fully reimbursed through Impact Fee Reimbursement. (c) Infrastructure Oversizing. The Parties agree that if the City requires Developer to construct or fund any Property Public Infrastructure so that it is oversized to provide a benefit to land outside the Property ("Oversized Public Infrastructure"), then the City shall be solely responsible for all reasonable costs attributable to oversized portions of the Oversized Public Infrastructure to the extent not already credited, reimbursed or City Park Heights East DEVELOPMENT AGREEMENT — Page 16 otherwise funded by the City or to be financed by a PID (including Construction Costs attributable to oversized portions of the Oversized Public Infrastructure which shall be considered reasonable costs as determined by the City engineer) ("Oversize Costs") and shall provide payment(s) to Developer to cover the costs of the same. The payment(s) to Developer for the Oversize Costs shall be paid as the Oversized Public Infrastructure is completed (which may be completed in phases corresponding with the phases of the Development). The City shall make a payment to Developer or its assignee for any Oversize Costs within thirty (30) days of receipt of any invoices for the same subject to City Manager approval of such costs in the same manner set forth in Section 4.5(d). The "Oversize Costs" shall be determined by calculating the difference between the cost without the oversizing and the cost with the oversizing using the contractor's construction line -item budgets as the foundation to perform such calculations. All other related costs (civil engineering, surveying, plating, etc.) shall be calculated as a percentage and included in the "Oversize Costs" for reimbursement purposes. 4.9 Satisfaction of Park Development Fees; No Park Development Fees Due. The City agrees that the provision of open space and amenities generally consistent with the open space plan attached hereto as Exhibit C shall fully satisfy and provide a credit against the park development fees required pursuant to City Code, Chapter 9, Section 9.02.135(c)(4). Therefore, no park development fees shall be due or required for development of the Property. The open space and amenities may be constructed and installed in phases corresponding with separate phases of the Development and may be privately owned and maintained by a property owners' association. All trails must be accessible and open to the public at all times except when ternporarily closed for necessary maintenance or repair. For the avoidance of doubt, the remaining open space area(s) and amenities located within such areas may be reserved for private use, at the Property owner's sole discretion. 4.10 Payee Information. With respect to any and every type of payment/remittance due to be paid at any time by the City to the Developer under this Agreement, the name of the payee for such payment shall be Anna 60 Partners, LP, a Delaware Limited Partnership and the payment/remittance shall be sent or delivered to the following address: CITY PARK HEIGHTS EAST, located at 301 E. Virginia Street, Suite 304, McKinney, Texas 75069 Developer may change the name of the payee and/or address set forth above by delivering written notice to the City designating a new payee and/or address. 4.11 Approvals. Approval by the City, the City's engineer or other City employee or representative of any plans, designs or specifications submitted by Developer pursuant to this Agreement or pursuant to City Regulations shall not constitute or be deemed to be a release of the responsibility and liability of Developer, its engineer, employees, officers or agents for the accuracy and competency of their design and specifications. Further, any such approvals shall not be deemed to be an assumption of such responsibility and liability by the City for any defect in the design and specifications prepared by Developer's engineer(s), its officers, agents, servants or employees, it being the intent of the Parties that approval by the City's engineer or other representative signifies the City's approval on only the general design concept of the improvements City Park Heights East DEVELOPMENT AGREEMENT — Page 17 to be constructed and that the design plans and specifications meet the requirements of the City Regulations. ARTICLE V ANNEXATION AND ZONING 5.1 Annexation. Pursuant to Subchapter C-3, Chapter 43, Texas Local Government Code, this Agreement, as of the Date of Acquisition, shall constitute Developer's agreement to petition for the voluntary annexation of the Property into the corporate limits of the City. Developer (or its assignee) shall submit an amlexation petition to the City on the City's standard form, attached hereto as Exhibit F (the "Annexation Petition") within thirty (30) days after the Date of Acquisition. Upon the City's request, Developer shall further execute and supply any and all instruments and/or other documentation reasonably necessary for the City to legally annex the Property. The City shall, in accordance with applicable statutory requirements, take all steps necessary to complete the annexation of the Property within ninety (90) days following the date that Developer submits the Annexation Petition. Should the City fail to complete the annexation of the Property in accordance with this Agreement, Developer shall have the right to terminate this Agreement with notice to the City and, upon such termination, the Property shall be immune to involuntary amlexation by the City for a period of thirty (30) years thereafter regardless of any change in the law governing municipal annexation. The above -referenced annexation is authorized under Texas Local Government Code Chapter 43, Subchapter C-3. To the extent said Subchapter C-3 is amended in the future or its requirements are modified by any future legislative act, the Parties agree to take all reasonable steps to meet any additional requirements to allow for the above -referenced amlexation provided that the terms and conditions of this paragraph have been met in order for the City to perform an annexation as intended under this Agreement. The annexation procedures described in plain language in this Agreement require the consent of the owner(s) of Property, which consent is conditionally provided under this Agreement as set forth above. The Parties acknowledge and agree that this Agreement shall satisfy the written disclosure requirements under Section 212.172(b-1) of the Texas Local Government Code. 5.2 Services. Pursuant to Section 43.0672, Texas Local Governnent Code, this Agreement shall further constitute an agreement for the provision of services to the Property. Immediately upon the annexation of the Property, the Property and its residents shall be entitled to receive all Municipal Services on the same terms and at the same rates as then provided within the City and without discrimination. 5.3 Zonin-. Within thirty (30) days following the adoption of an ordinance approving the annexation of the Property pursuant to Section 5.1, the City shall consider zoning the Property as a planned development district with regulations identical to those in the Development Regulations (including the concept plan attached as an exhibit to the Development Regulations); however, regardless of how the City zones the Property, Developer, its successors and assigns, may develop and use the Property in accordance with the Development Regulations and the Zoning Ordinance (as amended by the Development Regulations) and all other teens of this Agreement, and no other conflicting zoning regulations shall apply to the Property. All applicable City ordinance requirements that reference the City's Zoning Ordinance or compliance with zoning regulations or the City's comprehensive plan (including the City's master thoroughfare plan) shall be interpreted to mean compliance with the Development Regulations. Subject to the teens herein, City Park Heights East DEVELOPMENT AGREEMENT — Page 18 Developer hereby expressly consents and agrees to the aforementioned zoning of the Property consistent with the Development Regulations and Developer shall not be required to submit a formal zoning application or pay related fees in order for the City to proceed with zoning the Property as contemplated by this Agreement. Any such zoning of the Property shall otherwise be in accordance with all procedures set forth in the applicable City Regulations. ARTICLE VI EVENTS OF DEFAULT; REMEDIES 6.1 Events of Default. No Party shall be in default under this Agreement until notice of the alleged failure of such Party to perform has been given in writing (which notice shall set forth in reasonable detail the nature of the alleged failure) and until such Party has been given a reasonable time to cure the alleged failure (such reasonable time to be determined based on the nature of the alleged failure, but in no event less than thirty (30) days (or any longer time period to the extent expressly stated in this Agreement as it relates to a specific failure to perform) after written notice of the alleged failure has been given except as relates to a type of default for which a different time period is expressly set forth in this Agreement). Notwithstanding the foregoing, (a) no Party shall be in default under this Agreement if, within the applicable cure period, the Party to whom the notice was given begins performance and thereafter diligently and continuously pursues performance until the alleged failure has been cured; and (b) a Party shall be in default of its obligation to make any payment required under this Agreement if such payment is not made within twenty (20) Business Days after it is due. 6.2 Remedies. As compensation for the other party's default, an aggrieved Party may seek specific performance of the other party's obligations under this Agreement. Notwithstanding the foregoing, however, no default under this Agreement shall: (a) entitle the City to tenninate this Agreement or to suspend perfonmance under this Agreement (except as otherwise expressly set forth in this Agreement); or (b) adversely affect or impair the current or future obligations of the City to provide water, sewer and other Municipal Services to the Property in accordance with applicable law. Notwithstanding the foregoing or any other provision of this Agreement, the City may witl-ihold City utility services as to any portion of the Development until all Property Public Infrastructure necessary to serve such portion of the Development is properly constructed according to the approved engineering plans and City Regulations, and until such Property Public Infrastructure has been dedicated to and accepted by the City, which acceptance shall not be unreasonably withheld, conditioned or delayed. ARTICLE VII ASSIGNMENT; ENCUMBRANCE 7.1 Assi mg Went. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Parties hereto. This Agreement may be assigned, in whole or in part, to (i) an entity that is or will become a future owner of all or a portion of the Property; (ii) any affiliate or related entity of the Developer; or (iii) any lien holder on the Property, without the prior written consent of the City, but upon written notice to the City. Any reimbursement or receivables due under this Agreement (e.g., the Impact Fee Reimbursement) or any reimbursement agreement may be assigned by the Developer, in whole or in part, without the prior consent of the City, but upon written notice to the City pursuant to Section 7.4 of this Agreement (and upon such an City Park Heights East DEVELOPMENT AGREEMENT — Page 19 assignment of reimbursement or receivables, the City will pay the reimbursement directly to the assignee unless otherwise notified in writing). Except as provided in the two preceding sentences, this Agreement shall not be assigned by Developer without the prior written consent of the City Manager of the City, which consent shall not be unreasonably withheld, conditioned or delayed if the assignee demonstrates financial ability to perform. An assignee shall be considered a "Party" for the purposes of this Agreement. Each assignment shall be in writing executed by Developer and the assignee and shall obligate the assignee to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. Developer shall maintain written records of all assignments made by Developer to assignees, including a copy of each executed assigmnent and, upon written request from any Party or assignee, shall provide a copy of such records to the requesting person or entity, and this obligation shall survive the assigning Party's sale, assignment, transfer, or other conveyance of any interest in this Agreement or the Property. 7.2 Assignees as Parties. An assignee authorized in accordance with this Agreement and for which notice of assigmnent has been provided in accordance with Section 7.4 of this Agreement shall be considered a "Party" for the purposes of this Agreement. 7.3 Third -Party Beneficiaries. Subject to Section 7.4 of this Agreement, this Agreement only inures to the benefit of, and may only be enforced by, the Parties. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, no other person or entity shall have any right, title, or interest under this Agreement or otherwise be deemed to be a third -party beneficiary of this Agreement. 7.4 Notice of Assigmnent. The following requirements shall apply in the event that the Developer assigns or transfers this Agreement, or any part thereof and/or any of its rights or benefits under this Agreement: (a) the Developer must provide written notice to the City to the extent required under Section 7.1 within ten (10) Business Days after any assigmnent, or transfer; (b) said notice must describe the extent to which any rights or benefits under this Agreement have been assigned, transferred, or otherwise conveyed; (c) said notice must state the name, mailing address, and electronic mail information of the person(s) that have acquired any rights or benefits as a result of any such assigmnent, transfer or other conveyance; and (d) said notice must be signed by a duly authorized person representing the Developer and a duly authorized representative of the person(s) or entit(ies) that acquired any rights or benefits as a result of the assignment, transfer or other conveyance. ARTICLE VIII RECORDATION AND ESTOPPEL CERTIFICATES 8.1 Binding Obligations. This Agreement and all amendments thereto and assignments hereof shall be recorded in the property records of Collin County, Texas upon the Date of Acquisition. From and after the Date of Acquisition, this Agreement binds and constitutes a City Park Heights East DEVELOPMENT AGREEMENT — Page 20 covenant running with the Property and is binding upon the Developer and the City and forms a part of any other requirements for development within the Property. This Agreement, when recorded, shall be binding upon the Parties and their successors and assigns as permitted by this Agreement and upon the Property. 8.2 Estoppel Certificates. From time to time upon written request of the Developer or any future owner or lienholder, and upon the payment to the City of a $100.00 fee, the City Manager, or his/her designee will, in his or her official capacity and to his or her reasonable knowledge and belief, execute a written estoppel certificate, which shall include, but not necessarily be limited to, statements that this Agreement is in full force and effect without default (or if default exists, the nature of default and curative action, which should be undertaken to cure same), the remaining Tenn of this Agreement, and such other matters reasonably requested by the party to receive the certificate. ARTICLE IX TERM Unless otherwise extended by mutual agreement of the Parties, the tern of this Agreement shall be twenty-five (25) years after the Effective Date ("Term"); however, if Developer or its assignee has not acquired ownership of the Property within 90 days of the Effective Date, this Agreement shall automatically terminate, be null and void and of no further force or effect. This Agreement and all of the rights, duties and obligations herein shall be subject to and conditioned on Developer or its assignee acquiring fee simple title to the Property within 90 days of the Effective Date. For the avoidance of doubt, the aforementioned condition shall be satisfied if Anna 60 Partners, LP, a Delaware Entity or its assignee (who from and after such assigmment would be considered the Developer under this Agreement) acquires the Property. This Agreement shall be held in escrow until the Date of Acquisition, at which time this Agreement shall be effective and filed in the Real Property Records of Collin County, Texas. ARTICLE X GENERAL PROVISIONS 10.1 Recitals. The recitals contained in this Agreement: (a) are true and correct as of the Effective Date; (b) form the basis upon which the Parties negotiated and entered into this Agreement; and (c) reflect the final intent of the Parties with regard to the subject matter of this Agreement. In the event it becomes necessary to interpret any provision of this Agreement, the intent of the Parties, as evidenced by the recitals, shall be taken into consideration and, to the maximum extent possible, given full effect. The Parties have relied upon the recitals as part of the consideration for entering into this Agreement and, but for the intent of the Parties reflected by the recitals, would not have entered into this Agreement. 10.2 Notices. Any notice, submittal, payment or instrument required or permitted by this Agreement to be given or delivered to any Party shall be deemed to have been received (a) when personally delivered (with confirmation of receipt); (b) one (1) day after deposit if sent by by recognized courier service and sent via overnight courier for next day delivery with receipt of delivery; or (c) 72 hours following deposit of the same in any United States Post Office, registered or certified snail, postage prepaid, addressed as follows: City Park Heights East DEVELOPMENT AGREEMENT — Page 21 To the City: Attn: City Manager City of Anna, Texas 111 N. Powell Parkway Anna, Texas 75409 With a copy to: Wolfe, Tidwell & McCoy, LLP Attn: Clark McCoy 2591 Dallas Parkway, Suite 300 Frisco, Texas 75034 To the Developer: Anna 60 Partners, LP, a Delaware Entity Attn: Tre Dibrell, VP Land 301 E. Virginia Street Suite 304 McKinney Texas 75069 Office: 469-714-0052 tred(a-)cityparkdevelopments. com With a copy to: With a copy to: Canada Lewis & Associates, PLLC Attn: Laura Canada Lewis, Esq. 5550 Granite Pkwy, Suite 195 Plano, Texas 75024 T: 469-664-0120 F: 469-501-7781 llewis( )canadalewis.com Sanchez and Associates, LLC Attn: Casey Gregory, P.E. President 210 Adriatic Parkway Suite 200 McKinney Texas 75072 Office: 469-424-5900 Casey. gregory@thesanchezgroup.biz Any Party may change its address or addresses for delivery of notice by delivering written notice of such change of address to the other Party. 10.3 Interpretation. The Parties acknowledge that each has been actively involved in negotiating this Agreement. Accordingly, the rule of construction that any ambiguities are to be resolved against the drafting Party will not apply to interpreting this Agreement. In the event of any dispute over the meaning or application of any provision of this Agreement, the provision will be interpreted fairly and reasonably and neither more strongly for nor against any Party, regardless of which Party originally drafted the provision. 10.4 Time. In this Agreement, time is of the essence and compliance with the times for performance herein is required. City Park Heights East DEVELOPMENT AGREEMENT — Page 22 10.5 Authority and Enforceability. The City represents and warrants that this Agreement has been approved by official action by the City Council of the City in accordance with all applicable public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the City has been duly authorized to do so. The Developer represents and warrants that this Agreement has been approved by appropriate action of the Developer, and that each individual executing this Agreement on behalf of the Developer has been duly authorized to do so. Each Party respectively acknowledges and agrees that this Agreement is binding upon such Party and is enforceable against such Party, in accordance with its terns and conditions and to the extent provided by law. 10.6 Limited Waiver of Iimmunity. The Parties are entering into this Agreement in reliance upon its enforceability. Consequently, the City unconditionally and irrevocably waives all claims of sovereign and governmental immunity which it may have (including, but not limited to, immunity from suit and immunity to liability) to the extent, but only to the extent, that a waiver is necessary to enforce specific performance of this Agreement (including all of the remedies provided under this Agreement) and to give full effect to the intent of the Parties under this Agreement. Notwithstanding the foregoing, the waiver contained herein shall not waive any immunities that the City may have with respect to claims of injury to persons or property, which claims shall be subject to all of their respective immunities and to the provisions of the Texas Tort Claims Act. Further, the waiver of immunity herein is not enforceable by any party not a Party to this Agreement, except for any party that may be construed to be a third -party beneficiary to this Agreement. 10.7 Amendment; Severability. This Agreement shall not be modified or amended except in writing signed by the Parties. If any provision of this Agreement is detennined by a court of competent jurisdiction to be unenforceable for any reason, then: (a) such unenforceable provision shall be deleted from this Agreement; (b) the unenforceable provision shall, to the extent possible and upon mutual agreement of the Parties, be rewritten to be enforceable and to give effect to the intent of the Parties; and (c) the remainder of this Agreement shall remain in full force and effect and shall be interpreted to give effect to the intent of the Parties. 10.8 Applicable Law; Venue. This Agreement is entered into pursuant to and is to be construed and enforced in accordance with, the laws of the State of Texas, and all obligations of the Parties are performable in Collin County, Texas. Exclusive venue for any action related to, arising out of, or brought in connection with this Agreement shall be in a state district court in Collin County. 10.9 Non Waiver. Any failure by a Party to insist upon strict perfonnance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party of any tern or condition of this Agreement shall be deemed or construed to be a waiver of any other term or condition or subsequent waiver of the same tern or condition. City Park Heights East DEVELOPMENT AGREEMENT — Page 23 10.10 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. 10.11 Exhibits. The following exhibits are attached to this Agreement and are incorporated herein for all purposes: Exhibit A: Metes and Bounds Description of the Property Exhibit B: Development Regulations Exhibit C: General Development Plan Exhibit D-1: Roadway Dedication Ferguson Parkway Exhibit D-2: Roadway Dedication Road H Exhibit D-3: Roadway Dedication Road S Exhibit E-1: Roadway hmprovement Ferguson Parkway Exhibit E-2: Roadway Improvement Road H Exhibit E-3: Roadway Improvement Road S Exhibit F Form of Annexation Petition Exhibit G Open Space Plan 10.12 Vested Rights. This Agreement shall constitute a "pen -nit" (as defined in Chapter 245 of the Texas Local Government Code) that is deemed filed with the City on the Effective Date and Developer does not hereby waive or release any right that Developer may now or thereafter have with respect to any rights under Chapter 245 of the Texas Local Government Code. 10.13 Force Ma'e� ure. Each Party shall use good faith, due diligence and reasonable care in the performance of its respective obligations under this Agreement, and time shall be of the essence in such performance; however, in the event a Party is unable, due to force majeure, to perform its obligations under this Agreement, then the obligations affected by the force majeure shall be temporarily suspended equal to the time period the Party was delayed, except that the obligation of any Party to make any payments required pursuant to this Agreement shall not be suspended by force majeure. The tenn "force majeure" shall include any delay due to any of the following acts or events: (a) wars, terrorism, civil disturbances, riots, insurrections, civil unrest, vandalism and sabotage; (b) transportation disasters, whether by sea, rail, air or land; (c) strikes, lockouts, work stoppage or slowdown or other labor disputes or material shortages; (d) actions or failures to act of a governmental authority, including any changes to the plans and specifications required as a condition to issuance of any permits or any changes in laws or codes not reasonably foreseeable on the Effective Date, and any delay in issuance of pen -nits or certificates of occupancy by any governmental authority having jurisdiction, but excluding delays due to conditions that violate applicable codes and regulations; (e) adverse weather conditions, including rain of unusual duration or volume, hurricanes, lightning, tornadoes, earthquakes, floods or acts of God; (f) epidemics or pandemics or any governmental orders, actions, shut -downs, mandates, restrictions or quarantines, or any quasi -governmental orders, actions, shut -downs, mandates, restrictions or quarantines resulting from any epidemics or pandemics, and any public health emergencies, whether declared by local, state or federal governmental authorities or agencies; (g) labor shortages or moratoriums; (h) fire or other material casualty; (1) mechanical failure of equipment; 0) utility delays or interruptions; (k) any emergency event that threatens imminent hann to property or injury to persons; (1) any other causes of any kind whatsoever, whether similar to those enumerated or not, which are beyond the control of such Party in the performance of its obligations hereunder; City Park Heights East DEVELOPMENT AGREEMENT — Page 24 provided, however, in all cases, only to the extent that the Party claiming force majeure (1) did not cause such force majeure condition, and (2) throughout the pendency of such force majeure condition, utilizes commercially reasonable efforts to minimize the impact and delays caused by such force majeure condition. If a Party is delayed due to force majeure, then such Party shall provide written notice of the delay and applicable extension of time periods to the other Party. In addition, a Party that has claimed the right to temporarily suspend its perfonnance under this Section 10.13 shall provide written reports to the other Party at least once every week detailing: (i) the extent to which the force majeure event or circumstance continue to prevent the Party' s perfonnance; (ii) all of the measures being employed to regain the ability to perfonn; and (iii) the projected date upon which the Party will be able to resume performance, which projected date the Parties agree and acknowledge is only an estimate and not a binding commitment by the Party claiming force majeure. 10.14 Complete Agreement. This Agreement embodies the entire Agreement between the Parties and cannot be varied or tenninated except as set forth in this Agreement, or by written agreement of the City and Developer expressly amending the terns of this Agreement. 10.15 Consideration. This Agreement is executed by the Parties hereto without coercion or duress and for substantial consideration, the sufficiency of which is hereby acknowledged. [SIGNATURES PAGES FOLLOW, REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] City Park Heights East DEVELOPMENT AGREEMENT — Page 25 EXECUTED BY THE PARTIES TO BE EFFECTIVE ON THE EFFECTIVE DATE: CITY OF ANNA By: Name: ,ati Henderson Title: 4fity Manager Date: a i APPROVED AS TO FORM: Name: Clark McCoy Title: City Attorney STATE OF TEXAS COUNTY OF COLLIN This instrument was acknowledged before me on the day of , 2024 by Ryan Henderson, City Manager of the City of Anna, Texas, on behalf of said City. (S ICARRIE L. LAND Notary Public, State of Texas Notary Public State of Texas �•,•• ,,+:� Comm. Expires 02-04-2027 Notary ID 11419404 r r NAME printed or typed: � rat L_ . L a-,td, Commission Expires: City Park Heights East DEVELOPMENT AGREEMENT — Signature Page DEVELOPER: ANNA 60 PARTNERS, LP a Delaware limited partnership By: Anna 60 Development, Inc. a Texas corporation, its general partner 09,0J ' - 2,024 t- STATE OF TEXAS L,cl, Llyl� COUNTY OF PAT=,� This instrument was acknowledged before me on the " day of AQ(---, 2024 by Christopher Zeppa, on behalf of said entity. (SEAL) ................................... Notary Public, State of Texa 7HERESA A. JACKS c !D #129157972 s My Commission Expires NAME printed or typed: tMGwr)-y� nC,I[&.'v October 09, 2024 ` t 1 _ �C 1 Commission Expires: L� Exhibit A METES AND BOUNDS DESCRIPTION OF THE PROPERTY City Park Heights East DEVELOPMENT AGREEMENT — Exhibit A EXHIBI I "A" - LEUAL DESC RIH I IUN BEING a 62.41 acre tract of land situated in the James C. Burge Survey, Abstract No. 106, Collin County, Texas, same being a portion of that tract of land conveyed to Samuel Harry Collins, Trustee of the Revocable Collins Family Trust, by deed recorded in Instrument No. 2022000114771, Official Public Records, Collin County, Texas, and being more particularly described by metes and bounds as follows: COMMENCING at a mag nail found for corner, said corner being the Southwest corner of a 60 foot Right -of -Way dedication shown by Joe Bryant Elementary School Addition, an addition to the City of Anna, Collin County, Texas, thereof recorded in Instrument No. 2005-0108630, Official Public Records, Collin County, Texas, same lying along the centerline of County Road 371 (a public Right - of -Way), same being the Southwest corner of a tract of land conveyed to North Texas Annual Conference of the United Methodist Church, by deed recorded in Instrument No. 2023000111102, Official Public Records, Collin County, Texas; THENCE North 89 degrees 18 minutes 17 seconds West, along the centerline of said County Road 371, a distance of 525.00 feet to a point for corner, said corner lying along the North line of a tract of land conveyed to Anacapri Laguna Azure, LLC, a Wyoming Limited Liability Company, by deed recorded in Instrument No. 2005-0108630, Official Public Records, Collin County, Texas, same lying along the centerline of said County Road 371 to the POINT OF BEGINNING of herein described tract, from which a mag nail found bears North 06 degrees 03 minutes 32 seconds East, a distance of 0.41 feet; THENCE North 89 degrees 18 minutes 17 seconds West, along the centerline of said County Road 371, a distance of 1,076.69 feet to a point for corner said corner lying along the North line of a tract of land conveyed to D.R. Horton -Texas, LTD., a Texas Limited Partnership, by deed recorded in Instrument No. 20210212000310470, Official Public Records, Collin County, Texas, same being the Southeast corner of a tract of land conveyed to LHJH Properties, LTD., a Texas Limited Partnership, by deed recorded in Instrument No. 20061003001424640, Official Public Records, Collin County, Texas, from which a 1/2 inch iron rod found bears South 58 degrees 31 minutes 26 seconds East, a distance of 31.18 feet for witness, and said corner from which a 1 /2 inch iron rod found bears North 87 degrees 42 minutes 53 seconds East, a distance of 31.54 feet for witness; THENCE North 00 degrees 52 minutes 27 seconds East, along the East line of said LHJH Properties tract, a distance of 1,804.72 feet to a point for corner, said corner lying along the East line of said LHJH Properties tract, same being a Southwest corner of the remainder of said Revocable Collins Family Trust, from which a mag nail found bears North 86 degrees 20 minutes 28 seconds West, a distance of 3.94 feet for witness; THENCE South 89 degrees 03 minutes 06 seconds East, along the remainder of said Revocable Collins Family Trust, a distance of 1,125.93 feet to a point for corner, said corner being the Southeast corner of said Revocable Collins Family Trust, from which a 5/8 inch iron rod found bears North 37 degrees 59 minutes 25 seconds East, a distance of 0.35 feet for witness; THENCE North 00 degrees 56 minutes 14 seconds East, along the East line of said Revocable Collins Family Trust, a distance of 495.32 feet to a 5/8 inch iron rod found for corner, said corner being the Northeast corner of said Revocable Collins Family Trust, same lying along the South line of a tract of land conveyed to Anacapri Laguna Azure, LLC, by deed recorded in Instrument No. 2022000118987, Official Public Records, Collin County, Texas; THENCE South 88 degrees 27 minutes 42 seconds East, along the South line of said Anacapri tract (2022000118987), a distance of 506.25 feet to a 1/2 inch iron rod found for corner, said corner lying along the South line of said Anacapri tract (2022000118987), same being the Northwest corner of a tract of land conveyed to Anacapri Laguna Azure, LLC, by deed recorded in 2002000084315, Official Public Records, Collin County, Texas; THENCE South 01 degree 39 minutes 52 seconds West, along the West line of said Anacapri Laguna Azure tract (2002000084315), a distance of 676.15 feet to a 3/4 inch iron rod found for corner, said corner being the Southwest corner of said Anacapri Laguna Azure tract (2002000084315), same being the Northwest corner of Lot 1, Block A, of said Joe Bryant Elementary School Addition; THENCE South 01 degree 38 minutes 41 seconds West, along the West line of said Lot 1, a distance of 780.78 feet to a 1/2 inch iron rod found for corner, said corner lying along the West line of said Lot 1, same being the Northeast corner of a tract of land conveyed to North Texas Annual Conference of the United Methodist Church by deed recorded in Instrument No. 2023000111102, Official Public Records, Collin County, Texas; THENCE North 89 degrees 18 minutes 15 seconds West, along the North line of said United Methodist Church tract, a distance of 525.00 feet to a point for corner, said corner being the Northwest corner of said United Methodist Church tract, from which a 1/2 inch iron rod found bears North 02 degrees 12 minutes 12 seconds East, a distance of 0.33 feet for witness; THENCE South 01 degree 38 minutes 41 seconds West, alongthe West line of said United Methodist Church tract, a distance of 831.00 feet to the POINT OF BEGINNING and containing 2,718,348.80 square feet or 62.41 acres of land. Exhibit B DEVELOPMENT REGULATIONS FOR [CITY PARK HEIGHTS EAST] ("Development Agreement' as used in these Development Regulations refers to that certain CITY PARK HEIGHTS EAST Development Agreement to which this document is attached as Exhibit B. The pennitted uses and standards for development of the Property shall be in accordance with the [Mixed Density Residential (MD) District] of the Zoning Ordinance and applicable City Regulations, except as amended and modified in these Development Regulations and in the Development Agreement. Disclaimer: Zoning Ordinance modifications set forth herein are specifically related to the Property associated with the Development Agreement and shall not apply to any additional areas within or outside of the city limits. City Park Heights East DEVELOPMENT AGREEMENT — Exhibit A Exhibit: "B" Development Standards for the City Park Heights East The permitted uses and standards for development of the Subject Property shall be in accordance with the Mixed Density Residential (MD) District. The proposed Planned Development District Standards proposed herein are aimed at promoting a mixed -use residential district encompassing a diversified medium -density residential mix of housing choices. This proposed district will have a mixture of single family detached bungalows, urban townhomes and courtyard focused cottage -style townhomes. The integrated land plan, streetscape characteristics and overall community design encourage pedestrian activity by enforcing and promoting the walkable community principles outlined in the City of Anna Unified Development Code. Disclaimer • Zoning Ordinance modifications set forth herein are specifically related to the Suhiect Property associated with this Development Agreement and shall not apply to any additional areas without or outside ofthe city linuts ofthe City ofAnna. Illustrative Layout — General Development Plan; Conflicts and Terms: 1. Development shall generally follow, but not exactly, the circulation, block patterns and street alignments illustrated in Exhibit C — "GDP - General Development Plan / Illustrative Plan" (GDP). Conflicts between the Development Standards, GDP and City Ordinances will be addressed in priority as in Section 4 below. 2. Details on a Preliminary Plat that differ from the GDP which do not alter the basic relationship of the proposed single-family development area to adjacent property and which do not alter the uses permitted or increase the density, building height, or coverage of the site and which do not reduce the yards provided at the boundary of the site, as indicated in these Development Regulations or associated General Development Plan, may be authorized by the Director of Planning as updates to the General Development Plan without requiring a rezoning of the subject property and without requiring an Amendment to the Pre Annexation Development Agreement. These types of updates shall be considered as "Administrative Updates" for the City files. 3. As part of any annexation request and future development of the subject property, the applicant agrees to abide by all applicable procedural requirements under City Regulations or as amended herein. 4. Conflicts: a. Where there is a conflict between these Development Regulations and the City's Zoning Ordinance these Development Regulations shall prevail and control. b. Where these Development Regulations may be silent, the General Development Plan shall prevail and control. c. Where these Development Regulations and the General Development Plan are silent, the City's Unified Development Code shall prevail and control. 5. Terms that are not defined in these Development Regulations shall have the meanings ascribed to such terms in the City of Anna's Zoning Ordinance of the Development Agreement, as applicable. When there is a conflict between the City's Zoning Ordinance and the Development Agreement, the Development Agreement shall control. 6. Maximum number of single-family residential units shall be as follows: a. Maximum number of Residential Bungalows (SFD-Bungalow): 140 units b. Maximum number of Urban Residential (THA): 80 units c. Maximum number of Urban Residential (THB): 160 Units d. Maximum number of Urban Cottages (SFA-Cottage): 110 units 7. Lot size shall be mixed in each area to provide additional options and character to community. Fencing a. All fences on the portion(s) of a residential lot adjacent to an open space/common area lot(s), with the exception of lots facing and/or siding to the required Homeowner's Association (HOA) lots adjacent to major/minor thoroughfares and internal primary entrance roadways, shall be ornamental iron fences such as wrought iron or tubular steel. b. Fences constructed between residences may be wood. c. All wood privacy fencing between residences shall be at least six feet in height. Wood fencing shall be stained and sealed. d. Plastic and chain -link fencing is prohibited. e. Wood fencing of a uniform design shall be constructed along the rear or side lot lines to single-family homes that are adjacent to HOA common area lots. 9. A minimum of 15-foot-wide common area "east -west" tract with an associated minimum 10-foot wide sidewalk shall be owned and maintained by the HOA on the south side of the "Bungalows" connecting from Ferguson Road east to Bryant Elementary School. Exhibit C. 10. Private Amenities: a. The "Nature Area" shall be the centerpiece of the development. The intent is to designate a non -disturbance area to promote the natural flora and fauna of the area. This area will have some limited accessibility but is mostly reserved for passive enjoyment. b. The "Nature Pond" will serve two purpose: drainage and contextually sensitive nature area. The overall development's detention requirements shall be focused in this location. The detention pond will be designed as a "wet pond" with a calculated "free board" detention function. A hiking trail and lookouts shall be incorporated into the design of the pond. c. There will be a dedicated "School Trail Route" which provides a safe yet direct route for elementary aged students (Section 9 above). The dedicated path is intended to encourage students to walk to the Bryant Elementary School and reducing local vehicle trips. This route shall include: i. Dedicated hike -bike trail 10' concrete sidewalk ii. Canopy trees and landscaping iii. Decorative Benches iv. Decorative Trash receptacles d. A private "Amenity Center" facility shall be provided as part of the development. The Amenity Center facility shall include, at a minimum, the following: i. Swimming Pool ii. Restrooms iii. Picnic area e. All plans and specifications for the construction of such amenities and improvements must be reviewed and approved by the Director of Development Services or applicable designee. Developer shall receive credits against Parkland Dedication Fees as set forth in the Development Agreement. Given the open space and amenities provided, no Parkland Dedication shall be due. f. All sidewalks and barrier free ramps (BFR's) shall be in accordance with the City of Anna Development Regulations and be ADA compliant. 11. Infrastructure Improvements: a. As shown on the General Development Plan (Exhibit C), the north -south right- of-way (ROW) (future Ferguson Parkway) that traverses between CR 371 through the subject property to the northern "east -west" arterial which connects to US 75 shall be a minimum of eighty feet) (80) feet wide of ROW and be constructed as a Minor Arterial. Exhibit D-1. b. As shown on the General Development Plan (Exhibit C), the east -west right-of- way (ROW) (future Road H) that traverses from the West Property Line to the East Property line through the center of the property shall be a minimum of sixty feet (60') of ROW and be constructed as a residential collector. Exhibit D-2. c. As shown on the General Development Plan (Exhibit C), the east -west right-of- way (ROW) (future Street "S") that traverses from the East Property line to future Ferguson Road shall be a minimum of sixty feet (60') of ROW and be constructed as a residential collector. Exhibit D-3. 12. Private Improvements / Amenities: a. There is an elementary school site immediately east of the subject property. The School Trail Route shall be owned and maintained by the HOA on the south side of the "Cottages" connecting from Ferguson Road east to Bryant Elementary School. Exhibit C. b. A nature trail around the detention pond along the western property line shall be constructed by the Developer in an environmentally sensitive manner to allow for access to the pond while minimizing impacts to the natural landscape. c. A nature trail around the detention pond at the northeastern property line shall be constructed by the Developer in an environmentally sensitive manner to allow for access to the pond while minimizing impacts to the natural landscape. d. The Developer shall construct and maintain, via the Homeowner's Association, an Amenity Center for the use and enjoyment of the residents of Bryant Park Heights. Amenity Center shall include, but not limited to, a swimming pool, restroom/changing facilities, picnic area and dedicated parking (including handicapped parking). e. Developer shall construct and maintain, via the Homeowner's Association, various pocket parks and pet areas along the eastern property adjacent and in conjunction with the SFA- Cottage homes. f. The Developer shall construct and maintain, via the Homeowner's Association, forty (40) additional guest parking spaces along the eastern property adjacent and in conjunction with the SFA-Cottage homes. ARTICE 9.04 ZONING ORDINANCE 1. Sec.9.04.004 Definitions 2. Sec. 9.04.042 Site Design Requirements a. No Change b. No Change Single -Family and Two -Family Residential Standards 1) Building Articulation —At least four facade articulation techniques are required on each single-family or two-family dwelling to add variety and interest to a building. The following features are a partial list of acceptable techniques of exterior articulation, but others may also be proposed or utilized as part of a specific set of architectural designs plans. Exhibit I provides (for illustration purposes only) architectural styles proposed for the subject property. A. One of the following: • A base course or plinth course; • Banding, moldings, or stringcourses; • Quoins; • Oriels; • Cornices; • Arches; • Balconies; • Brackets; • Shutters; • Keystones; • Dormers; or • Louvers as part of the exterior wall construction. (Quoins and banding shall wrap around the corner of the structure for at least two feet.) B. Horizontal banding continues the length of the wall that faces a street or other similar highly visible areas. C. Front Porch of at least 20 square feet. D. No Change E. No Change 2) Roof Treatment. No change 3) Fenestration. No change. 4) Garages. On front entry garages, the face of a garage shall not: A. No Change B. Be over 80% of the total frontage width of a dwelling. Porches or columns are not considered part of the front elevation of the primary living area. 5) House Repetition. A. Within residential development, single-family and two-family dwellings with substantially identical exterior elevations can only repeat every four (4) lots when fronting the same right-of- way including both sides of the street. B. No Changes d. Multi -family Residential Standards. No change e. Townhome Unit and Single -Unit or Duplex Unit Park Standards. 1) Building Articulation. No change. A. No Change. B. No Change. C. Front porch of at least 24 square feet. D. The installation of at least one (1) coach lights. E. No Change 2) No Change. 3) No Change 4) No Change 5) Unit Repetition A. Single Family Attached Townhomes on which each unit of a multi -unit building is located upon an individually platted lot creates a unique design challenge and opportunity. B. Each Townhome Building shall have a maximum of 4 attached units on individually platted lots. C. The "end lots" for each multi -unit building shall have a sufficient side yard setback to provide a ten -foot (10') building separation from the adjacent Townhome Building or to provide adequate site visibility at the intersection of two streets if the end unit is at the end of a block. D. Each Townhome Building shall have a comprehensive and cohesive architectural form in terms of color palette and articulation features as defined herein. E. No two individual but adjacent 4-Pack (or smaller) buildings shall be designed with substantially identical exterior elevations. F. The SFA-Cottages shall be exempt from any prohibition on repetition since this unit type faces a common landscaped courtyard and not a right-of-way, fire lane, or easement. The SFA-Cottages have a siding condition to the right-of-way. 3. Sec. 9.04.029 Residential Use -Specific Standards a. No Change b. No Change c. No Change. d. Townhome Unit and Single -Unit or Duplex Unit Park i. No Change ii. No Change iii. A Townhome Unit or Single -Unit or Duplex Unit Park shall provide the required amount of useable open space, per Table 21: Townhome Unit or Single -Unit or Duplex Unit Park Open Space Below. Number of Bedrooms Size 1 or less 300 square feet Each additional bedroom over 1 300 square feet 4. ZONING DISRICT AREA REGULATIONS Each lot type shall be developed in accordance with the area regulations contained in Table 1 below: SFD-Bun alow SFA-Cottage TH A TH B Maximum Height feet 35 35 35 35 Side Yard, Interior feet 5 0 0 0 Side Yard, Corner Lot, Street Side feet 10 10 10 10 Rear Yard (feet) from Row 15 20 20 20 Rear Yard (feet) from fire lane i first floor 15 20 20 20 Rear Yard (feet) from fire lane i upper floors 15 15 15 15 Front Yard feet 20 10 10 10 Lot Area(square feet 4000 2100 2000 2200 Min. Lot Width feet 40 24 24 24 Min. Lot Depth feet 90 80 80 85 Max. Lot Coverage %0 55% 70% 75% 70% Minimum Building Size (square feet 2000 2000 2000 2000 Maximum Building Size (square feet 3600 2800 2800 3000 Min Masonry % 50 25 25 25 5. Sec.9.04.045 Landscaping 1) No Change 2) No Change 3) No Change 4) Residential Development A. No Change i. No Change ii. No Change iii. No Change iv. The following minimum standards apply as established in Table 27: Residential Planting Requirements. An applicant shall choose one of the three planting options. An applicant may plant the required canopy trees, ornamental trees, or a combination of canopy and ornamental trees specified in Table 27: Residential Planting Requirements. a) For the Urban Cottage Lots, the number of trees shall be calculated as per Table 27; however, the final tree planting shall be consistent with the Landscape Plan submitted by the Developer. The ultimate location and planting of the required number of trees shall be used to highlight the landscape courtyards, paseos, urban garden niches and other related areas. A conceptual landscape plan for the entire site shall be submitted with the first Preliminary Plat. b) The Landscape Plan for the area surrounding the Urban Cottages may also incorporate some of the required trees as indicated in Table 27 into the streetscape / landscape buffers / landscape setbacks / tree planting areas along the adjacent local street. c) Minor modifications: The Director of Development Services or his/her designee is authorized to administratively approve modifications to landscaping requirements necessitated by conflicting requirements for public or franchise utilities or drainage improvements. Exhibit C [CITY PARK HEIGHTS EAST] (see attached) City Park Heights East DEVELOPMENT AGREEMENT — Exhibit A ui J 1133H1S i0 O1 NO NVGV 3Nd 1 I LC 80 DNI3014 1S3M11 3H1 NO 03NOONb�tl 30 Ol I LC HO ONI151I(3 ',rLH, IBIT: "D- I ROADWAY DEDICATION FERGUSON PARKWAYII Ilk S88'27'42'E MG.24' r 7 —T- P.— NI I FERGUSON PARKWAY 80'RIGHT-OF-WAY STREET 0 a 0 0 0 o 'o "o 0 0 0 — ETRE£ —7 Masser Planning CM] Engi—ning SANCHEZ BEEN 100�0- -001�11� o' ...� II�IQO� . ,00011 � „� �� SCALE 1:300 EXHIBIT: IID-2 ROADWAY DEDICATION MANTUA PARKWAYII b MANTUA PARKWAY .. _ PLANNED 120' RIGHT-OF-WAY — — I I STREET Q r� I � _.. m m A W N A W N Maslcr planning civil lingincc,ing i. Im Iftlaw Land D—i.p—i SCALE 1:100 SANCHEZ Tcl a6Y+�+5'1G0 AAcsnciat�.c 5 � up Fie FfiM1r cnificn,.1t,[NeIF`+,m,ion Nn.F EXHIBIT E-1 "ROADWAY IMPROVEMENT FERGUSON PARKWAY" Project: City Park Heights East FERGUSON PARKWAY City of Anna Collin County, Texas Client Name: ATTN: Prepared by: Sanchez & Associates, LLC EARTHWORK / DEMOLITION Acres (Gross): 4.2 Acres (Net): 4.2 Lots: 470.0 Client M Job #: 001 Initials: DC Date: 2/27/2024 DESCRIPTION AMOUNT UNIT UNIT COST COST Clearing, Grubbing & Stripping 4.2 AC. $ 4,000.00 $ 16,800.60 Unclassified Excavation Ferguson 5,000 CY $ 4.00 $ 20,000.00 $ 36,800.00 EROSION CONTROL DESCRIPTION AMOUNT UNIT UNIT COST COST Reinforced Silt Fence 4,754 L.F. $ 4.00 $ 19,016.00 Construction Entrance 1 EA. $ 5,000.00 $ 5,000.00 Bermuda Seeding 2,250 S.Y. $ 5.00 $ 11,250.00 $ 35,266.00 WATER DESCRIPTION AMOUNT UNIT UNIT COST COST 8" Water Line 240 L.F. $ 75.00 $ 18,000.00 8" Water Valve 6 EA. $ 2,000.00 $ 12,000.00 16" Water Line 2,296 L.F. $ 150.00 $ 344,400.00 16" Water Valve 6 EA. $ 8,000.00 $ 48,000.00 Fittings (1ton/1000 If of pipe) 2.54 TON $ 15,000.00 $ 38,040.00 Fire Hydrants (with 6" Lead) 6 EA. $ 7,000.00 $ 42,000.00 16" x 6" Tee 6 EA. $ 3,500.00 $ 21,000.00 Connect to Existing 16" Water 1 EA. $ 2,000,00 $ 2,000.00 16" x 8" Tee 2 EA. $ 4,500.00 $ 9,000.00 16" x 8" Cross 2 EA. $ 5,500.00 $ 11,000,00 Testing (Water Pressure & Chlorination) 2,536 L.F. $ 2.50 $ 6,340.00 Trench Safety Plan 2,536 1 L.F. $ 1.00 $ 2,536.00 $ 554,316.00 STORM SEWER DESCRIPTION AMOUNT UNIT UNIT COST COST 21" RCP (Class III) 411 L.F. $ 95.00 $ 39,045.00 4' Standard Storm Manhole 3 EA. $ 7,500.00 $ 22,500.00 Curb Inlet 10' 6 EA. $ 7,500.00 $ 45,000.00 Trench Safety Plan 411 L.F. $ 1.00 $ 411.00 $ 106,956.00 PAVING DESCRIPTION AMOUNT UNIT UNIT COST COST Concrete Paving 8in Blvd. 14,973 S.Y. $ 100.00 $ 1,497,300.00 Subgrade Preparation 14,973 S.Y. $ 4.00 $ 59,892.00 Barrier Free Ramp 10 EA. $ 1,500.00 $ 15,000.00 Concrete Sidewalks 2,248 S.Y. $ 45.00 $ 101,160.00 Lime (40# / S.Y.) 299.46 TON $ 190.00 $ 56,897.40 $ 1,730,249.40 OTHER DEVELOPMENT FEES DESCRIPTION QUANTITY UNIT COST/UNIT TOTAL COST Pavement Striping and Marking (Ferguson) 2,250 L.F. $ 20.00 $ 45,000.00 Streetlights 6 EA. $ 3,000.00 $ 18,000.00 Inspection Fee (3.50% of Const. Costs) 1 L.S. $ 86,225.56 $ 86,225.56 Professional Fees (eng., LA, planning, surveying, etc.) 15% const. costs 1 L.S. $ 369,538.11 $ 369,538.11 Maint. Perfm, Pymt Bonds (Assume 3.5% of Const. Costs) 1 L.S. $ 86,225.56 $ 86,225.56 $ 604,989.23 DESCRIPTION TOTAL COST Earthwork $ 36,800.00 Erosion Control $ 35,266.00 Water $ 554,316.00 Storm Sewer $ 106,956.00 Paving $ 1,730,249.40 Other Development Fees $ 604,989.23 Contingencies (Assume 10% of Constr. Costs) $ 246,358.74 GRAND TOTAL $ 3,314,935.37 TOTAL COST PER ACRE _ TOTAL COST PER LOT = 785,529.71 7,053.05 Assumptions: 1. This Opinion of Probable Cost (OPC) is generally based upon a land plan prepared by S&A in 2023. 2. Quantities are preliminary and subject to final approval of construction plans by the City of Anna. 3. The Client shall review and approve all quantities and unit prices prior to use of this OPC. 4. This OPC is not intended to serve as a comprehensive and complete analysis of all development and construction costs. Any items not specifically noted in this OPC shall be added by the Client. 5. Any quantities and/or unit prices left blank shall be completed by the Client. 6. All unit costs are based upon recent bid tabs for recent projects of similar size. 7. Based on a preliminary review of the record drawings and drainage patterns for the area, this OPC assumes that on -site detention will be required. 8. Construction management fees are not included. 9. This OPC assumes that relocation of any underground or overhead franchise utilities, other than specifically noted, on or adjacent to the site is not necessary or the client will budget for such accordingly. 10. This OPC assumes that no rock or similar material will be encountered during construction. 11. This OPC does not include any costs incurred for mitigation fees imposed by the USACE. (None anticipated at this time). 12. The unclassified excavation quantity assumes that 350 CY of earthwork moving will be required for each lot. 13. This OPC assumes 40 pound per square yard for lime. NOTE: Sanchez and Associates, LLC, does not have any control over the cost of labor, fuel or materials and therefore does not warrant or guarantee that the anticipated probable costs will not be different once a final design is complete and the project is put out to bid. Sanchez and Associates, LLC, has prepared this Opinion of Probable Cost based on information available for similar projects in North Texas. EXHIBIT E-2 "ROADWAY IMPROVEMENT MANTUA PARKWAY" Project: City Park Heights East MANTUA PARKWAY City of Anna Collin County, Texas Client Name: ATTN: Prepared by: Sanchez & Associates, LLC EARTHWORK / DEMOLITION Acres (Gross): 0.7 Acres (Net): 0.7 Lots: 470.0 Client #: Job #: 001 Initials: CDR Date: 2/27/2024 DESCRIPTION AMOUNT UNIT UNIT COST COST Clearing, Grubbing & Stripping 0.7 AC. $ 4,000.00 $ 2,800.00 Unclassified Excavation (assumes 350 yds/lot) 1,000 CY $ 5.00 $ 5,000.00 $ 7,800.00 EROSION CONTROI DESCRIPTION AMOUNT UNIT UNIT COST COST Reinforced Silt Fence 500 L.F. $ 4.00 $ 2,000.00 Construction Entrance 1 EA. $ 5,000.00 $ 5,000.00 $ 7,000.00 WATER DESCRIPTION AMOUNT UNIT UNIT COST COST 8" Water Line 500 L.F. $ 80.00 $ 40,000.00 8" Water Valve 2 EA. $ 2,500.00 $ 5,000.00 Fittings (1ton/1000 If of pipe) 0.50 TON $ 16,000.00 $ 8,000.00 Fire Hydrants with 6" Lead) 1 EA. $ 8,000.00 $ 8,000.00 16" x 8" Cross 1 EA. $ 5,500.00 $ 5,500.00 Testing (Water Pressure & Chlorination) 500 L.F. $ 2.50 $ 1,250.00 Trench Safety Plan 500 1 L.F. $ 1.00 $ 500.00 $ 73,750.00 PAVING DESCRIPTION AMOUNT UNIT UNIT COST COST Concrete Paving 8in 1,925 S.Y. $ 100.00 $ 192,500.00 Subgrade Preparation 1,925 S.Y. $ 4.00 $ 7,700.00 Barrier Free Ramp 1 EA. $ 1,500.00 $ 1,500.00 Concrete Sidewalks 260 S.Y. $ 45.00 $ 11,700,00 Lime (40# / S.Y.) 38.50 1 TON 1 $ 190.00 $ 7,315.00 $ 220,715.00 OTHER DEVELOPMENT FEES DESCRIPTION QUANTITY UNIT COST/UNIT TOTAL COST Inspection Fee (3.50% of Const. Costs) 1 L.S. $ 10,824.28 $ 10,824.28 Professional Fees (eng., LA, planning, surveying, etc.) 15% const. costs 1 L.S. $ 46,389.75 $ 46,389.75 Maint. Perfm, Pymt Bonds (Assume 3.5% of Const. Costs) 1 L.S. $ 10,824.28 $ 10,824.28 $ 68,038.30 DESCRIPTION TOTAL COST Earthwork $ 7,800.00 Erosion Control $ 7,000.00 Water $ 73,750.00 Paving $ 220,715.00 Other Development Fees $ 68,038.30 Contingencies Assume 10% of Constr. Costs) $ 30,926.50 GRAND TOTAL $ 408,229.80 TOTAL COST PER ACRE _ $ 583,185.43 TOTAL COST PER LOT = $ 868.57 Assumptions: 1. This Opinion of Probable Cost (OPC) is generally based upon a land plan prepared by S&A in 2023. 2. Quantities are preliminary and subject to final approval of construction plans by the City of Anna. 3. The Client shall review and approve all quantities and unit prices prior to use of this OPC. 4. This OPC is not intended to serve as a comprehensive and complete analysis of all development and construction costs. Any items not specifically noted in this OPC shall be added by the Client. 5. Any quantities and/or unit prices left blank shall be completed by the Client. 6. All unit costs are based upon recent bid tabs for recent projects of similar size. 7. Based on a preliminary review of the record drawings and drainage patterns for the area, this OPC assumes that on -site detention will be required. 8. Construction management fees are not included. 9. This OPC assumes that relocation of any underground or overhead franchise utilities, other than specifically noted, on or adjacent to the site is not necessary or the client will budget for such accordingly. 10. This OPC assumes that no rock or similar material will be encountered during construction. 11. This OPC does not include any costs incurred for mitigation fees imposed by the USACE. (None anticipated at this time). 12. The unclassified excavation quantity assumes that 350 CY of earthwork moving will be required for each lot. 13. This OPC assumes 40 pound per square yard for lime. NOTE: Sanchez and Associates, LLC, does not have any control over the cost of labor, fuel or materials and therefore does not warrant or guarantee that the anticipated probable costs will not be different once a final design is complete and the project is put out to bid. Sanchez and Associates, LLC, has prepared this Opinion of Probable Cost based on information available for similar projects in North Texas. EXHIBIT: I I F-ANNEXATION" �I SITE DATA — isnnc savo usc. w„csrs�.v ITI SITE DATA D isnnc unD use vacarr SITE DATA c 000sEDzarunc. isn.uc zoun.c. acaicv�ty a 0 n 0 u SITE DATA aEs,csrrn SITE DATA rresiDoma Maslcr Planning Civil Enginccring �� L21' Dcvc1aPm` SCALE 1 :400 IN S A N C H E Z D 6 c nn.9: TX iS4R ZD T�I .5v Jai SWxi g ,A cncia;rF t rui ai. ul tl vi.�bV� , it i n. F-tl44, �s I SITE DATA N �s,�ncro�I. n SITE DATA N. III A i EXHIBIT: IIH - UTILITIES" PROPOSED OFF -SITE FERGI1-1 --l— , I I i SANITARY SEWER OPTION "B' LINE TO SERVICE SUBJECT PROPERTY SUB i PROF 9 \lash Planning Ci�il I:nginccnng Land Dc I.pn, ,t SCALE 1 :600 SANCHEZ Exhibit I: Architectural Style (for illustration ptuposes o„ l)) This single-family home exudes a harmonious blend of classic charm and modern aesthetics, stretching comfortably across a 30-foot width. Its design is steeped in the modern farmhouse style, which is characterized by a warm and inviting atmosphere that brings to mind the simplicity and comfort of rural living combined with contemporary elements. The lower portion of the exterior walls is adorned with stone wainscot, providing a sturdy and timeless foundation that adds texture and depth to the facade. This natural stone element not only enhances the home's curb appeal but also acts as a durable protective layer. Above the stone wainscot, the home features vertical board and batten siding, a hallmark of farmhouse design. This siding choice contributes a rustic yet clean -lined look that's both visually striking and understated. The vertical lines of the board and batten add height and elegance to the home's profile. Adding to the home's distinct character, window shutters flank the windows, offering a traditional touch as well as practical benefits. These shutters can provide privacy, control over natural lighting, and protection against the elements, while also contributing to the overall aesthetic with their color and style. A standout feature of this residence is the metal roof that crowns the garage. The sleek and durable metal roof not only provides long- lasting protection but also complements the modern farmhouse theme with its industrial flair. The contrast between the metal roof and the more traditional elements of the home creates a visually appealing dynamic that's both fresh and familiar. Overall, this 30-foot wide single-family home balances the pastoral allure of farmhouse design with modern sensibilities, resulting in a living space that's as stylish as it is welcoming. The combination of stone, metal, and wood materials along with the functional shutters provides a multi -textured appearance that's both grounded in tradition and aligned with contemporary trends. e Exhibit I: Architectural Style (fo,- illustration purposes only) This 30-foot wide single-family home is a beautiful representation of transitional architecture, where the warmth of traditional design meets the clean lines of contemporary style. The facade features a handsome brick exterior, providing a classic and durable base with a timeless appeal. The brickwork adds depth and character to the home, setting the stage for a blend of styles that complement the overall design. A subtle transition to stucco at the second floor introduces a modern touch, offering a smooth and refined contrast to the textured brick. This stucco band encapsulates the transitional nature of the home, seamlessly integrating the traditional lower facade with the contemporary elements above, without overwhelming the design. The residence is crowned with a high-pitched gable roof that gives the home an impressive profile and a sense of grandeur. This architectural choice not only adds to the visual interest but also allows for a spacious interior with high ceilings. The steep slopes of the gable roof create an inviting aesthetic reminiscent of classic homes, yet the execution remains clean and modern. A metal awning over the front door provides a sleek and functional accent, protecting visitors from the elements while adding a contemporary edge. Headers over the windows and the garage door further enhance the home's elegance, framing these features with a touch of sophistication that unifies the transitional theme. The combination of these elements —brick, stucco, and metal —results in a cohesive and attractive home that bridges the past and present with style and grace. Exhibit 1: Architectural Style (/or- illusti-ar[on purposes only) This 30-foot wide single-family home artfully embodies the Modern Prairie style, characterized by horizontal lines and a connection to the earth. A significant design feature is the high brick watertable that reaches past the second floor, grounding the home with a substantial and textured presence. The warm brickwork provides a nod to the natural elements that are central to Prairie architecture. Above, a metal awning roof shelters the front door, introducing a modern element that contrasts with the traditional brick. This sleek canopy not only serves a practical function but also enhances the home's contemporary aesthetic. A header over the garage door adds a refined touch, contrasting the rustic brick with its polished finish. The second floor is clad in horizontal siding, maintaining the home's linear motif and contributing to the modern interpretation of the Prairie style. This feature lightens the visual weight of the brick and complements the home's broad, hipped roof, which completes the design with a sense of enclosure and protection. The overall effect is a harmonious blend of the Prairie School's organic influence with modern design elements. The high brick watertable, metal awning, brick accents, and horizontal siding come together to create a residence that is both rooted in tradition and refreshingly contemporary, offering a serene and stylish place to call home. Exhibit I: Architectural Style (fo,- illust,-ation pu,poses only) This 4-unit townhouse development elegantly combines modern farmhouse style with urban practicality. The lower exterior features a dual wainscot of stone and brick, providing not only a durable base but also a rich, textural contrast that is both visually striking and reminiscent of classic farmhouse architecture. Metal awnings over the first floor windows and doors introduce an industrial element, offering weather protection while complementing the vertical board and batten siding above. This siding choice, with its clean vertical lines, adds a contemporary twist to the traditional aesthetic and draws the eye upward to the second story. The second floor is adorned with window shutters, enhancing the farmhouse charm and providing residents with additional privacy and control over their home's natural lighting. The shutters balance form and function, adding to the townhouse's rustic yet refined appearance. Topping off the design are the metal roof dormers, which not only add architectural interest to the roofline but also invite ample daylight into the upper living spaces. These dormers reflect the metal details below, tying together the modern and traditional elements into a cohesive and inviting residential development. Exhibit L• Architectural Style (ro,- iiiiisr,-atio,, p,,,poses o„ry) ' dot This architecturally distinct 4-unit townhouse exemplifies the Modern Prairie style with its strong horizontal lines and integration of natural materials. A defining feature is the high brick watertable that extends past the second floor, creating a visual anchor and adding a layer of texture and warmth. The brick's rich earth tones and durability pay homage to the organic foundations of Prairie design while providing a modern, urban edge. The end units boast a striking metal roof, adding an industrial yet sleek counterpoint to the traditional brick below. This metallic element not only reinforces the townhouse's contemporary credentials but also provides a durable and weather -resistant covering. Central to the front elevation, a metal canopy stretches over the first -floor windows and the center front entry doors, offering both shelter and a touch of modern sophistication. Above the brick watertable, the second floor features horizontal siding, reinforcing the horizontal emphasis typical of Prairie architecture and contributing to the building's streamlined appearance. This choice of siding balances the solidity of the brick with a lighter, more modern material that complements the overall design narrative. A gently sloping hipped roof caps the townhouses, mirroring the broad, flat expanses of the Prairie landscape and contributing to the sense of horizontality that is key to this architectural style. The roof's overhanging eaves extend beyond the walls, providing protection from the elements and emphasizing the clean, geometric lines that are characteristic of the Modern Prairie aesthetic. Exhibit 1: Architectural Style (/or illustration purposes only) This 30-foot wide single-family home stands as a striking example of transitional architecture, effortlessly blending the timeless appeal of traditional materials with the streamlined aesthetics of contemporary design. The facade is distinguished by richly textured brickwork, imbuing the structure with depth and enduring charm. This classic foundation is elegantly juxtaposed with a modern touch of stucco at the second floor, creating a refined contrast that highlights the home's layered design. Atop the home, high-pitched gable roofs command attention, their steep slopes adding a dramatic element to the home's silhouette. These roofs not only enhance the structure's visual appeal but also contribute to a spacious interior, allowing for vaulted ceilings and ample natural light. The prominence of the high-pitched gable roofs is a nod to traditional architecture, yet their clean, sharp lines resonate with modern sensibilities. A contemporary metal awning over the front door adds a practical yet stylish feature, offering shelter with a minimalist flair. Complementing this, headers above the windows and garage door inject an element of sophistication, framing these openings with precision and elegance. These details, when combined with the distinct transition from brick to stucco and the striking gable roofs, culminate in a home that embodies the essence of transitional style —harmoniously fusing the old with the new. AFTER RECORDING, RETURN TO: Collin County Honorable Stacey Kemp Collin County Clerk Instrument Number: 2024000115425 Real Property AGREEMENT Recorded On: September 19, 2024 10:19 AM Number of Pages: 56 " Examined and Charged as Follows: " Total Recording: $241.00 *********** THIS PAGE IS PART OF THE INSTRUMENT *********** Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY because of color or race is invalid and unenforceable under federal law. File Information: Record and Return To: Document Number: 2024000115425 CITY OF ANNA Receipt Number: 20240919000284 120 W 7TH ST Recorded Date/Time: September 19, 2024 10:19 AM User: Kacy M ANNA TX 75409 Station: Station 10 STATE OF TEXAS Collin County I hereby certify that this Instrument was filed in the File Number sequence on the date/time printed hereon, and was duly recorded in the Official Public Records of Collin County, Texas Honorable Stacey Kemp Collin County Clerk Collin County, TX 9/19/24, 10:19 AM Certified Payments CERTIFIED P A Y M E N T S by deluxe. All Transactions Approved Bureau: 9024389 - Collin Co, TX Clerk McKinney Office Land & Vitals Description or Name Amount Qty Conv. Result Fee Fees: 2 AGREEMENTS $454.00 1 $10.44 Approved Payment ID: 100306870139 Payment Total Amounts + All Fees: $464.44 Auth Code: 036749 EMV Details: CARRIE LAND MASTERCARD Card Entry Method: Chip AID:A000000O041010 TVR: 0000008000 IAD: 25626B879EC154F00012 TS1: E800 ARC: 00 Processed at 09/19/2024 10:18:57 AM CDT LEGAL NOTICE Certified Payments provides a service for consumers and businesses to make payments via their credit card for various types of services and taxes. By utilizing certified Payments, you, the cardholder, are subject to the following terms and conditions. By submitting your payment through Certified Payments, you are agreeing to the terms and conditions Ilsted in the Legal Notices link below. Please read all forms and conditions carefully. Privacy Statement - unvw.certifiedpayments.net/PrivacyStatement.aspx Legal Notice-www-certifiedpeyments.net/LegalNotices.aspx httr)s://cluicksti.certifiedpayments.net/EMV/Ingenico/Digit@IReceipt.aspx?BureauCode=9024389&Tellerld=KGROTJAN&Log!n_Acce$SCode=GOLLINC... ill L L I N U N T Y Collin County Clerk Honorable Stacey Kemp 2300 Bloomdale Rd. Suite 2106 McKinney, TX 75071 Main: (972)548-4185 Fax: (972)547-5731 Receipt: 20240919000284 Date: 09/19/2024 Time: 10:19AM By: Kacy M Station: Station 10 Status: ORIGINAL COPY Seu Item Document Number Number Of Amount Serial Number GF Number Description 1 Real Property AG 2024000115424 49 $213.00 2 Real Property AG 2024000115425 56 $241.00 order Total (2) $454.00 $eeq Payment Method Transaction Id Comment Total i Credit Card 100306870139 $454.00 Total Payments (1) $454.00 Change Due $0.00 CITY OF ANNA 120 W 7TH ST ANNA, TX 75409 For more information about the County Clerk's office and to search property records online, please visit https://www.collincountytK.gov/county-clerk/ 1 of 1