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R-2012-180-2012-12-10 RESOLUTION NO. R2012-180 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO ENTER INTO AN AMENDMENT OF A DEVELOPMENT AGREEMENT WITH SOWELL INTERESTS-PARKSIDE, L.P. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS: Section 1. That certain Amendment to Development Agreement by and between the City of Pearland and Sowell Interests-Parkside, L.P, 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 said Amendment to Development Agreement with Sowell Interests-Parkside, L. P. PASSED, APPROVED and ADOPTED this the 10th day of December, A.D., 2012. �GYJi-c,5.--a-Zi TOM REID MAYOR ATTEST: YO G LIP'F G T'd C `� �,'r �_ It›. " . ur CI SEC'ETARY APPROVED AS TO FORM: ems_ 4-4___ DARRIN M. COKER CITY ATTORNEY Resolution No. R2012-180 Exhibit " A" FIRST AMENDMENT TO DEVELOPMENT AGREEMENT (EXHIBIT A TO RESOLUTION R2012 1 80) This First Amendment to Development Agreement(this"First Amendment")is entered into this 1 p day of December , 2012, by and between the CITY OF PEARLAND, TEXAS, (hereinafter"City"),and SOWELL INTERESTS-PARKSIDE,L.P.,a Texas limited partnership (hereinafter "Developer"). WHEREAS, the City and Developer entered into that certain Development Agreement dated on or about April 28,2008,and attached to Resolution R2008-60 as Exhibit"A"(the Development Agreement"); and WHEREAS, Developer previously developed the first phase of single-family residential lots within Canterbury Park,Section 1,as reflected on the plat recorded under Film Code No.04-005300 at Volume 24, Pages 112-116, in the Map Records of Brazoria County, Texas (the "Canterbury Park Plat"); WHEREAS, by said Plat,Developer dedicated Restricted Reserve"C"to the City for park purposes, and has developed said Restricted Reserve "C" as a park (the "Existing Park"); furthermore,the Canterbury Park Homeowner Association,Inc.(the"Association"), has maintained the Existing Park by mowing, maintaining an irrigation system, and providing various play equipment from time to time; WHEREAS, Developer plans to develop future residential sections of Canterbury Park within Restricted Reserve"B"(Residential)of Canterbury Park,as described on the Canterbury Park Plat, and to set aside the Park Property (defined in the Development Agreement and referred to herein as the"Future Park Property") for park purposes; and WHEREAS, questions have arisen as to maintenance and characterization of both the Existing Park and the Future Park Property, and City, Developer, and the Association desire an agreement to set forth their respective responsibilities with regard to the Existing Park and the Future Park Property and Improvements (as defined in the Development Agreement). 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: 1. The Development Agreement is hereby amended to provide that the condition precedent to the City's approval of the replat for Section A of the Development and in lieu of the park dedication fee for said section A, shall be satisfied by replat designating the Future Park FIRST AMENDMENT TO DEVELOPMENT AGREEMENT Page 1 of 4 K:\SI-Parkside\I Amend-Dev-Agmt-Pearland-Parks-3 Property as a restricted reserve for park purposes. So long as the Future Park Property is restricted for park purposes, City agrees that the dedication of said property is not required, and title to said property may be held by the Developer, its successors or assigns, or the Association. 1. By its signature heron,the Association agrees that the Existing Park and,upon acquisition of title thereto, the Future Park Property, is "Common Area" under its governing documents, and shall be maintained as such,along with the Improvements thereon,by the Association in accordance with its governing documents. The Association shall fulfill its maintenance obligations by mowing as needed and maintaining the Improvements described in the Development Agreement (trees, shrubbery, grass, Screening Wall, Walk Path, and irrigation system using either water provided by the City or pumped from the pond situated on the Detention Reserve). IN ADDITION, THE ASSOCIATION RELEASES, ACQUITS, INDEMNIFIES, AND HOLDS HARMLESS THE CITY, ITS OFFICERS, AGENTS, EMPLOYEES, SUCCESSORS, AND ASSIGNS, FROM ANY AND ALL KINDS OF CLAIMS, DEMANDS, LOSSES, DAMAGES, INJURIES, RIGHTS, CAUSES OF ACTION, OR JUDGMENTS OF WHATSOEVER CHARACTER OR NATURE, INCLUDING ATTORNEYS' FEES, WHICH MAY ARISE AS A RESULT OF THIS THE MAINTENANCE OBLIGATIONS DESCRIBED HEREIN. THE PROVISIONS OF THIS SECTION REFLECT THE EXPRESSED INTENTIONS OF THE COMPANY AND THE CITY AND SHALL SURVIVE THE TERMINATION, EXPIRATION, OR CANCELLATION OF THIS AGREEMENT. 2. City hereby grants to the Association a license to enter upon the Existing Park to carry out its maintenance obligations hereunder and agrees to continue to provide water for irrigation of the Existing Park at no cost to the Association. 3. The term of the Development Agreement, as amended hereby, shall be extended for an additional five (5) years, terminating on the 28th day of April, 2018, at which time, this agreement,upon written approval of each Party,which approval shall not be unreasonably withheld or delayed, may be renewed in one (1) year increments. 4. Notwithstanding the provisions of Paragraph 10 of the Development Agreement, Developer may assign its rights and obligations under the Development Agreement, as amended hereby,to a successor developer who(a)acquires substantially all of Developer's remaining land in Restricted Reserve"B"(Residential)of Canterbury Park,and(b)accepts said assignment and agrees to be bound by the terms of the Development Agreement,as amended hereby. In that event, Sowell Interests-Parkside, L.P., shall be released from any obligations hereunder. 5. This First Amendment may only be amended,modified,or supplemented by written agreement and signed by both parties and,if the Association's rights and obligations are affected,by the Association. 6. Whenever possible, each provision of this First Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this First Amendment is prohibited or invalid under applicable law, such provision shall be ineffective to the FIRST AMENDMENT TO DEVELOPMENT AGREEMENT Page 2 of 4 K:\SI-Parkside\I Amend-Dev-Agmt-Pearland-Parks-3 extent of such provision or invalidity, without invalidating the remainder of such provision or the remaining provisions of this First Amendment. 7. This First Amendment shall be construed and enforced in accordance with and governed by the laws of the State of Texas, and any actions concerning this First Amendment shall be brought in the Texas State District Courts of Brazoria County. 8. Resolution No.R2012-_is incorporated herein and made a part of this Development Agreement for all purposes. 9. To accomplish execution of this Amendment, it may be executed in multiple counterparts. IN WITNESS WHEREOF,the parties have hereunto set their hands and signatures on the date first above-mentioned. Developer: Sowell Interests-Parkside, L.P., a Texas limited partnership By: Sowell Parkside,Inc.,a Texas corporation,its General Partner 1 ' By: 1<( ' ''F :, es Cornelius, Vice President ?� ? `i City: F CITY OF PEARLAND, a Texas municipal corporation a!laa� ATTEST: By: By: Lit /' You Lorfi , ity cre Bil Eisen, City Manager Association: Canterbury Park Homeowner Association, Inc.,joins this agreement for the limited purposes set forth in Paragraphs 2, 3, and 5 hereof: CANTERBURY PARK HOMEOWNER ASSOCIATION, INC., a Texas non-profit corporation By: James. ornelius, Vice President FIRST AMENDMENT TO DEVELOPMENT AGREEMENT Page 3 of 4 K:\SI-Parkside\1 Amend-Dev-Agmt-Pearland-Parks-3 STATE OF TEXAS § DALLAS COUNTY § This instrument was acknowledged before me on this (( day of December, 2012, by James S. Cornelius,Vice President of Sowell Parkside,Inc.,a Texas corporation,on behalf of said corporation i its capacity as General Partner of Sowell Interests-Parkside, L.P., a Texas limited partnership, ehalf of said partnership. 00011106M10 ,�jettt�4ssE G/?�9",,�� Notary u ic, a of Texas v::��`�� ee%'• '; My Commission Expires: _ o y /() /'7 �lgtE OF�gb.• STATE OF TEXAS § BRAZORIA COUNTY § This instrument was acknowledged before me on this 10 day of December 2012,by Bill Eisen,City Manager of the City of Pearland,a Texas home rule municipality,on behalf of said municipality. MARIA ESCALAME RODPoGUQ Notary Public, State of Texas Q NOTARY PUBLIC �. STATE OF TEXAS My Commission Expires: d�/D /L iS My Comrtyssion Eames O2d2-2013 14iticd Maria Escalante Rodriguez STATE OF TEXAS § DALLAS COUNTY § / This instrument was acknowledged before me on this i( ay of December, 2012, by James S. Cornelius, Vice President of Canterbury Park Homeowner Association, Inc., a Texas nonprofit corpo`)ion, on behalf of said corporation. 10P62.1 12 e\ . sS►uu,/,41 Notary 'ub lc, Sta a of Texas P Ppv'P tied Q1 My Commission Expires: _ 0 1 0 z ( v I 1 ( 2/6 s., 14 O ib ••..p.cg :•• b ``1- �//////,111111O°` FIRST AMENDMENT TO DEVELOPMENT AGREEMENT Page 4 of 4 K:\SI-Parkside\lAmend-Dev-Agmt-Pearland-Parks-3