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R2003-0167 11-10-03 RESOLUTION NO. R2003-167 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING AN AMENDMENT TO A DEVELOPMENT AGREEMENT WITH P T & T, LTD., ASSOCIATED WITH THE WEST MARY'S CREEK DETENTION FACILITY. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain development agreement by and between the City of Pearland and P T & T, Ltd., a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby amended. Section 2. That the City Manager or his designee is hereby authorized to execute and the City Secretary to attest an amended development agreement with P T & T, Ltd., associated with the West Mary's Creek Detention Facility. PASSED,APPROVED and ADOPTED this the 10th day of November A.D., 2003. P" TOM REID MAYOR ATTEST: Y NG I Y S RETAR APPROVED AS TO FORM: CT( D RRIN M. COKER CITY ATTORNEY AMENDMENT TO DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PEARLAND AND P T & T LTD. (EXHIBIT A TO RESOLUTION R - ) This Agreement is entered into effective as of the day of , 2003, by and between the CITY OF PEARLAND, TEXAS, (hereinafter "City"), and PT&T, ltd., a Texas limited partnership (hereinafter "Developer"). WHEREAS, the initial Agreement between the City and Developer estimated the storm water detention volume for Cypress Village Sections One and Two to be 94 acre-feet, but upon completion and approval of the final drainage plan, the storm water detention requirements were reduced to 89 acre-feet; WHEREAS, the initial agreement anticipated that Developer would construct its detention on a portion of Tract Ito the ultimate depth required by the City, but the final drainage plan approved by the City and BDD4 required the Developer to construct its detention using the entirety of Tract 1, but only to a depth sufficient to meet Developer's storm water detention requirements; WHEREAS, the City will complete excavation on Tract 1 to a depth sufficient to meet its needs; WHEREAS, the City has obtained an appraisal for Tracts 1 and 2 that supports the proposed sales price of both tracts; WHEREAS, City and Developer desire to amend the original Agreement approved by Resolution R2002-150. WITNESSETH : NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, it is hereby agreed as follows: �Le�elop�w� s�;iG �, "'vruivia yr other engineers reasonably approved by the City, to prepare plans and specifications for--the-Cerstruetien-ertht-Sto.-zrvRtcr-uetcntirorr av ume-regaired for Cypress Village, Sections One and Two, to be constructed by Developer on Tract 1. Such volume is expected to be 94 acre feet, encompassing approximately constructed by Developer with 6:1 side slopes and a "wet bottom" with a minimum of two (2) feet of permanent water depth. 1. (a.) Developer has caused its engineer, Dannenbaum Engineering Corporation, to prepare plans and specifications for the construction of the storm water detention volume required for Cypress Village, Sections One and Two, and such plans and specifications have been approved by the City and Brazoria Drainage District 4. In accordance with such approved plans, Developer has caused 89 acre- feet of storm water detention volume to be constructed on Tract 1 with 6:1 side slopes as required under the approved plans and specifications. (b.) Based on a static water elevation of 40.0 feet, the total detention volume available on Tract 1 is 198 acre-feet. The Developer's allocation is 89 acre-feet (45%) and the City's allocation is 109 acre- feet (55%). 2. Construction of Developer's storm water detention for Cypress Village Sections One and Two will be conditioned upon Developer's proceeding to develop Cypress Village, Sections One and Two, and may be in phases, but in all events Shall be in accordance with the plans and specifications approved by the City and B ori., ��'e-District No. 4. Ci* rew t1, ht * t tt VLLU liV� J O VLL� LVJVL YLJJ constr ct; nd th ght of final ppr .,1 nd ptanee o f tl t ---------- ---- ---- -'a--- -- ------- -rr-�..__ -.__- -.__fit......._--_ .,� ...� .. .t...,.�...�..,... 2. City has obtained an appraisal which supports the agreed upon base purchase price of $10,881 per acre for Tract 1 and 2. The actual purchase price for Tract 1 will be prorated based on the allocation of storm water detention volume available to the City. Therefore, the purchase price for Tract 1 will be $10,881 per acre x 25.8561 acres x 55% = $154,737.12. City agrees to purchase Tract 1 by special warranty deed, subject to all matters of record. City and Developer agree to use their best efforts to complete the purchase by City of Tract 1 within 60 days of the date of this Amendment. 3. Provided that the proposed sales price is supported by an appraisal properly prepared on behalf of the City, on or before November 15, 2002, City shall pu-rch•,se Tract pi.%.iu 1 (by ., my . ' ee l fd .,b;eet to al-1 m-at-ters o f - ord) f- J � 7 $10,881 per acre on a net basis. For example, if Developer's storm water Tract 1 for $134,447 (25.8561 acres minus 13.5 acres — 12.3561 net acres C $10,881 per acre). After the purchase date, (a) if Developer's detention requirements for Cypress Village increase (but only if as a result of a change in detention requirements by the City, Brazoria County Drainage District No. 4, or other applicable governmental party) or decrease, then the Developer's detention rights shall be increased or decreased and the Developer shall pay to the City, or the City shall pay to the Developer, respectively, an amount for such increased or decreased area at the rate of$10,881 per surface acre and additionally, if the party being decreased has already performed the excavation, such party shall be paid by the other party an amount for such excavation at the rate of$7,500 per acre-foot and (b) Developer shall maintain its right to enter the property for excavation of its storm water detention volume until such time that the full excavation is completed. if the Cit.,'s l indicates a .,lue of less than $1 n 88 then--Deve-lope-may-elect either tot t th• ' n� t t a tl L, ccrrrcrrc�fcvzcazcc�- L amounts of$10,881 per acre set forth in this Section 3, and in Section 6 below, to the appraised fair market value per acre. 4. City shall cause its engineers to prepare plans and specifications for the construction of its West Mary's Creek Storm Water Detention Facility. Such plans shall incorporate the volume excavated by Developer so that the entire detention volume functions as one facility. City shall cause the construction of the West Mary's Creek Storm Water Detention Facility in accordance with the plans and specifications. 5. City shall construct the Mary's Creek diversion structure and weir necessary for the proper operation of the West Mary's Creek Storm Water Detention Facility. Developer acknowledges that it may need to construct an interim diversion structure and weir to serve its needs. 5. Provided that the proposed sales price is supported by an appraisal prepared on behalf -the C:ty, beforevem ber-1-57- ,C-it-Y-sha, chas for $10,881 per acre. 6. City agrees to purchase Tract 2 for $10,881 per acre by special warranty deed, subject to all matters of record. City and Developer agree to use their best efforts to complete the purchase by City of Tract 2 within 60 days of the date of this Agreement as amended. 7. Developer shall preserve the right for the City to cross Drainage Reserve K (as shown on the preliminary plat for Cypress Village, Section One) with a road right of way for the extension of Magnolia Drive as shown on the preliminary plat for Cypress Village, Section One, dated August 13, 2002. 7. The initial term of this Agreement-shall--lire- for a--period off-thrreee (e- ea F elY-the te-C ty p rchases-klutz 1, and teriz mating on *th1�7 f f one (1) year increments contingent upon need and the necessary funds being appropriated for said project in accordance with the City's annual budgeting process. The expiration or termination (other than by Developer pursuant to the last ntenee of Sect:or 3 above) f this n greement wil „t affect Developer's 1 LLJL JIiI LLlJl1LJZi rights to install and to utilize and to increase or decrease detention on Tract 1, above. 8. The initial term of this Agreement as amended shall be for a period of three (3) years, commencing on the date City purchases Tract 1, and terminating on three (3) years thereafter, at which time, this Agreement as amended may be automatically renewed in one (1) year increments contingent upon need and the necessary funds being appropriated for said project in accordance _ with City's annual budgeting process. The expiration or termination of this Agreement will not affect Developer's rights to install and to utilize and to increase or decrease detention on Tract 1,which rights shall continue in perpetuity, subject to the limitations of Section 3 above. 9. This Agreement may only be amended, modified, or supplemented by written agreement and signed by both parties. 10. No assignment by a party hereto of any rights under or interests in this Agreement will be binding on another party hereto without the written consent of the party sought to be bound, such consent not to be unreasonably withheld; and specifically but without limitation moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment no assignment will release or discharge the assignor from any duty or responsibility under this Agreement. 11. Nothing herein is intended to supersede or waive any City ordinance or regulation pertaining to such construction. 12. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is prohibitive or invalid under applicable law, such provision shall be ineffective to the extent of such provision or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 13. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of Texas. 14. This Agreement and all obligations created hereunder shall be performable in Brazoria County, Texas. 15. Resolution No. R= is incorporated herein and made a part of this Development Agreement for all purposes. 16. To accomplish execution of this Agreement, it may be executed in multiple counterparts. 17 DEVELOPER HEREBY RELEASES, ACQUITS, AND FOREVER DISCHARGES THE CITY, ITS OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, AND ASSIGNS FROM ANY AND ALL CLAIMS, DEMANDS, RIGHTS OR CAUSES OF ACTION OF WHATSOEVER CHARACTER OR NATURE, INCLUDING ATTORNEYS' FEES, ARISING FROM OR BY REASON OF ANY AND ALL BODILY OR PERSONAL INJURIES, INCLUDING DEATH AND MENTAL ANGUISH, DAMAGE TO PROPERTY AND THE CONSEQUENCES THEREOF WHICH MAY BE SUSTAINED BY DEVELOPER, ITS HEIRS, EXECUTORS, ADMINISTRA- TORS, SUCCESSORS, OR ASSIGNS AS A RESULT OF THE CONSTRUCTION BY DEVELOPER OF THE IMPROVEMENTS REFERENCED ABOVE, UNLESS CAUSED IN WHOLE OR IN PART BY THE NEGLIGENCE OF THE CITY, ITS OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, OR ASSIGNS. DEVELOPER SHALL KEEP AND HOLD HARMLESS THE CITY, ITS OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, AND ASSIGNS FROM ANY AND ALL COST, LIABILITY, DAMAGE OR EXPENSE OF ANY NATURE AND HOWSOEVER CAUSED, INCLUDING ATTORNEYS' FEES, CLAIMED OR RECOVERED BY ANYONE BY REASON OF INJURY TO OR DEATH OF ANY PERSON OR PERSONS OR DAMAGE ,TO OR DESTRUCTION OF PROPERTY CAUSED BY OR RESULTING FROM THE NEGLIGENCE OF DEVELOPER, ITS AGENTS, EMPLOYEES, SUCCESSORS, OR ASSIGNS ARISING IN CONNECTION WITH SUCH CONSTRUCTION BY DEVELOPER. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE TERMINATION, EXPIRATION, OR CANCELLATION OF THIS AGREEMENT. In witness whereof, the parties have hereunto set their hands and signatures on the date first above-mentioned. PT&T, Ltd. a Texas limited partnership By: JNB&R, LLC, a Texas limited liability company, its General Partner and Manager By: John N. Taylor Title: Executive Manager ATTEST: CITY OF PEARLAND, a Texas municipal corporation By: By: Young Lorfing, City Secretary Bill Eisen, City Manager • STATE OF TEXAS § COUNTY § This instrument was acknowledged before me on this day of 2003, by John N. Taylor, Executive Manager of JNB&R, LLC, a Texas limited liability company in its capacity as general partner and manager of PT&T, Ltd., a Texas limited partnership, on behalf of said limited partnership. Notary Public, State of Texas My Commission Expires: STATE OF TEXAS § BRAZORIA COUNTY § This instrument was acknowledged before me on this day of 2003, by Bill Eisen, City Manager of the City of Pearland, a Texas home rule municipality, on behalf of said municipality. Notary Public, State of Texas My Commission Expires: {/ I i ,I ; -- — — � Broadway, 1 i .. u f dyi ng .I i i, I / i , ;I t {- j WI 11 f >k�" • j 1 � I I" i i �' _ (I ''ii �,t ...j • II t... • t.' f II I tt , • • '.4 ,' 7.! 1 I .,. .... I-.E t. , 11. I ,:: 1 i I ' • -I . .. . .. C.:..;-,.. .... '11 • a,r . I I 1, I ,.. �l I I . - ll . ' , . .. ...._ , 1 ,j ,I 4 (I . 1: i t. . t1 j.... I 1, .. 1 .. 11 14 =. hT : I P I. ,I; 1( j4+ !f'' I 1 11 • .. ., ,1 • I • i iy { -. 1 i 1. It - '[. t ". t , I 1 I i , ' �_ 11 11 i • t. ... " I i 11 -I : 1 i 1. /S. I l • ':',,, ',1'....-i ,rrf: !� .... I ........:-.1.ttiL„:.„.,1,....,,,,',:.,,[,,i....',..,',.-1.>''''''•-•;t:'":1-1..4 1. +'f ::is I ... I,. jf 4 1 I , i %i r . , III._. ... II, I ... ....... i . .(i il sb . s ss + f t ,i 1 \, 1'..: L. 1 n 1 rr +: i I 1' Ik w ! T . tE 1' I f 1 .'T"---H-'..••- r 6t 1 ,G I 1 Il • • ey li I. _ II'' It j Ij• j' i }- ' f .i ( . I. i `1 ::- ', .III + • , • 1 I 1 • 1i: • I+ i I h G Tract it • !: 1 II f�;. .::.:.;,:�:.; s j ::;::Y:<: YPr Ila a I,; i;.�,,.::�.: ess V Jr rf �+ug;r rf f rf • Section'1 ,;,3 F ,.,:. . ..,. i Purchased i, ( 1\ ' `L`I 11' West Mary's Creek Detenti `,n (Tract 1) i�l " SWEC I �u sly. i i,r -•1 i 11 I` , - , i 1 $� l I. 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