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R2002-0150 10-23-02 RESOLUTION NO. R2002-150 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO A DEVELOPMENT AGREEMENT WITH PT&T, LTD. FOR THE ACQUISITION OF PROPERTY ASSOCIATED WITH THE WEST MARY'S CREEK DETENTION PROJECT. 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 PT & T, LTD., a copy of which is attached hereto as Exhibit "A" and made a part hereof for all purposes, is hereby authorized and approved. Section 2. That the City Manager or his designee is hereby authorized to execute and the City Secretary to attest a development agreement with PT & T, LTD, for the acquisition of property associated with the West Mary's Creek Detention Project. PASSED, APPROVED and ADOPTED this the 23 dayof September , A.D., 2002. ATTEST: APPROVED AS TO FORM: DARRIN M. COKER CITY ATTORNEY MAYOR DEVELOPMENT AGREEMENT (EXHIBIT A TO RESOLUTION R 2002- 150 Exhibit "A" R2002-'150 This Agreement is entered into effective as of the '~ r~b day of (~C,x:o c~xtr~ , 2002, by and between the CITY OF PEARLAND, TEXAS, (hereinafter "City"), and PT&T, ltd., a Texas limited partnership (hereinafter "Developer"). WHEREAS, Developer intends to construct a residential subdivision to be known as Cypress Village, Section One, on approximately 50.3466 acres located at the southwest corner of Harkey Road and Mary's Creek and Section Two, on approximately 51.2668 acres; and WHEREAS, Developer owns an adjacent tract of approximately 25.8561 acres ("Tract I") which the City desires to purchase for inclusion iu the City's "West Mary's Creek Storm Water Detention Facility; and WHEREAS, Developer desires to retain certain rights for excavation of storm water detention capacity on Tract I to serve its needs for Cypress Village, Section One and Two; and WHEREAS, Developer is required to dedicate to the City the south ½ of the future right of way width of Magnolia Drive and to construct ½ of the boulevard adjacent to Cypress Village, Section One, as a condition of plat approval for Cypress Village, Section One; and WHEREAS, Developer owns an adjacent, tract of approximately 1.5066 acres ("Tract 2") that is in the location of the north Y2 of the future Magnolia Drive right of way width adjacent to Cypress Village, Section One, which the City desires to acquire; and WHEREAS, City and Developer desire an agreement to set forth their respective responsibilities with regard to construction of storm water detention facilities and Magnolia Drive. 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 it .... hareby agreed, ~' us~ follows: Developer will cause its engineers, Dannenbaum Engineering Corporation or other engineers reasonably approved by the City, to prepare plans and specifications for the construction of the storm water detention volume required 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 13.5 surface acres. The storm water detention facility shall be designed and constructed by Developer with 6:1 side slopes and a '~wet bottom" with a minimum of two (2) feet of permanent water depth. 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 m accordance with the plans and specifications approved by the City and Brazoria County Drainage 969607_4 DO(' District No. 4. City reserves the right to inspect the construction and the right of final approval and acceptance of the improvements. 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 purchase Tract 1 (by special warranty deed, subject to all matters of record) for $10,881 per acre on a net basis. For example, if Developer s storm water detenti~on needs are 13.5 acres, the ,City shall purchase the entire 25.8561 acres of Tract 1 for $1.~4,447 (25.8561 acres minus I.~.5 acres = 12.3561 net acres ~ $10,881 per acre). After the purchase date, (a) if eveloper 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 City's appraisal indicates a value of less than $10,881 per acre, then Developer may elect either to terminate this Agreement or to reduce the 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. 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. 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. Provided that the proposed sales price is supported by an appraisal prepared on behalf of the City, on or before November 15, 2002, City shall purchase Tract 2 for $10,881 per acre. 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. Ttie initial term of this Agreement 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 may be automatically renewed in one (l) year increments 969607 4 DOC 2 10. 11. 12. 13. 14. 15. 16. contingent upon need and the necessary funds being appropriated fbr said project in accordance with the City's annual budgeting process. The expiration or termination (other than by Developer pursuant to the last sentence of Section 3 above) 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. This Agreement may only be amended, modified, or supplemented by written agreement and signed by both parties. 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. Nothing herein is intended to supersede or waive any City ordinance or regulation pertaining to such construction. 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. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of Texas. This Agreement and all obligations created hereunder shall be performable in Brazoria County, Texas. Resolution No. R i,~?' ~,f'o is incorporated herein and made a part of this Development Agreement for all purposes. To accomplish execution of this Agreement, it may be executed in multiple counterparts. 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 TttEREOF 969607 4 DOC 3 WHICH MAY BE SUSTAINED BY DEVELOPER. ITS HEIRS, EXECUTORS, ADMINISTRATORS. 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 ~~eneral Partner and Manage7 ATTEST: Vo u~jL~ n ,~/~ it:~c~r e t a~ ,/ CITY OF PEARLAND. a Texas municipal corporation By: ~~'~' Bill Eisen, City Manager 969607 4 [X)~: 4 STATE OF TEXAS § ~/~,~\ %. COUNTY § This instrument was acknowledged before me on this ~o t~o day of OoToO,%~.., 2002, by John N, Taylor, Executive Manager of JNB&R, LLC, a Texas limited liability company in its capacity as general panner 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;f/ day of ~'"~/.e.-,.. , 2002, by Bill Eisen, City Manager of the City of Pearland, a Texas home rule mumc]pahty, on behalf of said municipality, ~l~otary Public, State of Texas My Commission Expires: PERLA N, LEHMAN Notary Public, State of Texas My Commission Expires: APRIL 2, 2005 969607 4DOC 5