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R-12-01-26-9A1 - 1/26/2012 RESOLUTION NO. R-12-01-26-9A1 WHEREAS, Bartz Properties Limited Partnership ("Developer") plans to develop a 41 acre tract of land located near the intersection of Sunrise Road and University Boulevard("Property"); and WHEREAS, the City of Round Rock ("City") and Developer desire to enter into a Development Agreement to stipulate the terms of off-site infrastructure improvements warranted by the proposed development,Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City the attached Development Agreement, a copy of same being attached hereto as Exhibit"A" and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 26th day of January, 2012. / ' l ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: — �� , U SARA L. WHITE, City Clerk O:\wdox\SCC1nts\0112\1204\MUNICIPAL\00241423.DOC/rmc EEXHIBIT „A„ DEVELOPMENT AGREEMENT This DEVELOPMENT AGREEMENT "A reem ( g ent") is made by and between BARTZ PROPERTIES LIMITED PARTNERSHIP hereinafter called the "Owner", and the CITY OF ROUND ROCK, TEXAS, (hereinafter called "City"), both acting by and through their duly authorized officials. WITNESSETH: WHEREAS, the Owner is the owner of an approximately 41 acre tract of land near the intersection of Sunrise Road and University Boulevard at the location described in Exhibit "A",attached hereto(the "Property"); and WHEREAS, Owner is under contract with Duke, Inc. ("Duke") and Duke intends to develop a Planned Unit Development on the Property, which shall include up to 720 residential units and an assisted or group living facility (the "Project"), the multifamily units are intended to be constructed in two phases, which phases are more particularly described on Exhibit "E" attached hereto (referred to herein as "Phase I" and "Phase II"); it is hereby acknowledged townhouses may be constructed within the MF and SR/TH portions of the project; and WHEREAS, a Traffic Impact Analysis ("T1A")prepared by LJA Engineering, and dated September 22, 2011 was conducted and recently approved by the City for the Project; and WHEREAS, the TIA indicates the need for the construction of certain traffic improvements to service the Project(collectively, "Traffic Improvements"); and WHEREAS, a portion of the downstream wastewater system servicing the Project needs to be upsized("Wastewater Line Upsizing); and WHEREAS, the City and the Owner agree to co-operate in the construction of the traffic improvements and the upsizing of the wastewater line. NOW, THEREFORE, in consideration of the mutual covenants and agreements of the patties hereto, to be by them respectively kept and performed as hereinafter set forth, Owner and City do hereby agree as follows: AGREEMENT Article 1. Proiect Improvements 1.1 Project Schedule. Duke intends to commence construction of Phase I of the Project in 2012. Owner Agreement I of 13 1.2 Wastewater Line Upsizing. The Owner agrees that the Project will require the upsizing of a portion of the downstream wastewater system at the location shown on Exhibit"B",attached hereto. The estimated total cost of the upsizing is$158,700.00. 1.3 Traffic Improvements. The Owner agrees to comply with all requirements listed in the TIA,which indicates the need for the construction of the following: 1.3.1 extension of Hidden Valley Drive as a neighborhood collector from its current terminus to Hickox Drive across the Property, at the location shown in Exhibit"C", attached hereto; 1.3.2 a traffic signal on University Boulevard at the main driveway to the Project,as more particularly described in the TIA(the"University Signal"); 1.3.3 a right turn lane on University Boulevard at the main driveway into the Project,as more particularly described in the TIA; 1.3.4 a traffic signal at the intersection of Hidden Valley Drive and Sunrise Road, as more particularly described in the TIA (the "Hidden Valley Signal"). Article 2. Owner Participation 2.1 Wastewater Line Upsizing Costs. Prior to the issuance of a site development permit for the Phase I of the Project, the Owner shall place into escrow with the City $158,700, which is the estimated costs associated with the Wastewater Line Upsizing. The City shall utilize this sum to complete the Wastewater Line Upsizing, with no further contribution from the Developer. 2.2 Trac Improvements. The Owner agrees to be responsible for the costs related to the following Traffic Improvements: 2.2.1 The Owner agrees to dedicate by plat and separate instrument, if required by the City, up to 60 feet of right-of-way for the extension of Hidden Valley Drive, at the location shown on Exhibit "C". 2.2.2 The Owner agrees to construct the extension of Hidden Valley Drive prior to the issuance of a Certificate of Occupancy for the first residential unit within the Project. Owner's obligations under this Section 2.2.2 shall be deemed substitute fiscal security for purpose of filing a final plat. Hidden Valley Drive shall be barricaded and not open to the public until after a Certificate of Occupancy is issued for the last residential unit to be constructed in that portion of Phase I south of the extension of Hidden Valley Drive. The extension of Hidden Valley Drive shall be designed pursuant to City standards for a neighborhood collector roadway and approved by the City prior to construction, which approval Owner Agreement 2 of 13 shall not be unreasonably withheld, conditioned or delayed. Irrespective of the above,two (2)years after the construction of the Hidden Valley Drive extension is accepted by the City, the City may remove all barricades and open said extension to the public. 2.2.3 The Owner agrees to construct a right-turn lane on University Boulevard at the main driveway connecting to University Drive as shown in the TIA(as depicted on Exhibit "D" attached hereto)prior to,or simultaneously with, the construction of the main driveway. 2.2.4 The Developer shall be responsible for the maintenance and repair of all Traffic Improvements for one year after acceptance of said Improvements by the City. Prior to issuance of the letter of acceptance by the Planning and Development Services Director pursuant to Section 36-207 of the Round Rock Code of Ordinances, the Developer shall provide a one-year maintenance guarantee in favor of the City by means of a warranty bond,subject to the approval of the City,in the form specified in the City's Development Packet. Article 3. City Participation 3.1 Traffic Improvements. The parties agree that, based upon the TIA and the Developer's engineers estimates, the City's estimated share of the costs for construction of the extension of Hidden Valley Drive is$249,400.00,or 52%of the total estimated cost of said extension. As consideration for the Owner constructing the extension of Hidden Valley Drive without contribution of the City, the City agrees to be responsible for the costs related to the following Traffic Improvements: 3.1.1 The City shall construct or cause to be constructed the Hidden Valley Signal when warranted pursuant to the Texas Manual of Uniform Traffic Control Devices. If, however, the warrants are not met within two (2) years after the issuance of a Certificate of Occupancy for the last residential unit within Phase I of the Project, the City shall pay the Owner the sum of $28,872.00 and the Developer will have no further obligation regarding the installation of this traffic signal. 3.1.2 The City shall construct or cause to be constructed the University Signal when warranted pursuant to the Texas Manual of Uniform Traffic Control Devices. If, however, the warrants are not met within two (2) years after the issuance of a Certificate of Occupancy for the last residential unit within Phase II of the Project, the City shall pay the Owner the S11111 of $200,200.00 and the construction of the traffic signal will become the responsibility of the Developer if and when the warrants are met. 3.1.3 After deducting the costs incurred by the City to construct the traffic signals noted above, the City will owe the Owner $20,328, which shall be Owner Agreement 3 of 13 paid within thirty (30) days after the extension of Hidden Valley Drive is open to the public. 3.1.4 Upon completion of the extension of Hidden Valley Drive and removal of all barricades, the City shall accept the road and be responsible for all maintenance. Article 4. Miscellaneous 4.1 Mutual Assistance. The City and the Owner will do all things reasonably necessary or appropriate to carry out the terms and provisions of this Agreement, and to aid and assist each other in carrying out such terms and provisions of this Agreement. 4.2 Representations and Warranties. The City represents and warrants to the Owner that this Agreement is within its authority, and that it is duly authorized and empowered to enter into this Agreement,unless otherwise ordered by a court of competent jurisdiction. Owner represents and warrants to the City that it has the requisite authority to enter into this Agreement. 4.3 Default. If either the City 0 P the Owner should default in the performance of any obligations of this Agreement, the other party shall provide such defaulting party written notice of the default, and a period of thirty (30) days to cure such default, provided,however,if the nature of the default does not involve the payment of money and is such that it cannot be reasonably cured within thirty(30) days,then the defaulting party shall have such time as is reasonably necessary to cure the default so long as the cure is commenced in thirty(30)days and diligently pursued to completion,prior to instituting an action for breach 01'pursuing any other remedy for default. If the defaulting patty remains in default after notice and opportunity to cure,the non-defaulting party shall have the right to pursue any remedy at law or in equity for the defaulting party's breach. 4.4 Attorney's Fees. In the event any legal action or proceeding is commenced between the City and the Owner to enforce provisions of this Agreement and recover damages for breach,the prevailing party in such legal action shall be entitled to recover its reasonable attorney's fees and expenses incurred by reason of such action, to the extent allowed by law. 4.5 Entire Agreement. This Agreement contains the entire agreement between the patties. This Agreement may only be amended, altered or revoked by written instrument signed by the City and the Owner. 4.6 Binding Effect. This Agreement shall be binding on and inure to the benefit of the parties,their respective successors and assigns. Owner Agreement 4 of 13 4.7 Assignment.The obligations of Owner hereunder shall run with the land. Specifically upon Duke's acquisition of the Property, Duke shall assume all of the obligations of"Owner"hereunder.After which Duke or any subsequent Owner may assign all or part of its rights and obligations to a third party without the written consent of the City; so long as the assignee has the financial ability and development experience to perform the obligations of Owner hereunder. 4.8 Amendment. This Agreement may be amended by the mutual written agreement of the parties. 4.9 Termination. The City may terminate this Agreement if the extension to Hidden Valley Drive is not open to the public within five (5) years after the Effective Date. 4.10 Notice. Any notice and or statement required and permitted to be delivered shall be deemed delivered by actual delivery, facsimile with receipt of confirmation, or by depositing the same in the United States mail, certified with return receipt requested, postage prepaid,addressed to the appropriate party at the following addresses: Owner: Bartz Properties Limited Partnership Attn: Susan McLaughlin 601 University Blvd. Round Rock,TX 78665 Ph: (254)770-7051 Fx: Bartz Properties Limited Partnership Attn: Mike Bartz 200 Oak Meadows San Marcos,TX 78660 Ph: (512)738-2676 Fx: City: Alan McGraw,Mayor City of Round Rock 221 East Main St. Round Rock,TX 78664 Ph: (512)218-5400 Fx: (512)218-7097 with a copy to: City Attorney 309 East Main St. Round Rock,TX 78664 Ph: (512)255-8877 Fx: (512)255-8986 Owner Agreement 5 of 13 Either party may designate a different address at any time upon written notice to the other ply. 4.11 Inte_pr retation. Each of the parties has been represented by counsel of their choosing in the negotiation and preparation of this Agreement. Regardless of which party prepared the initial draft of this Agreement, this Agreement shall, in the event of any dispute, however its meaning or application, be interpreted fairly and reasonably and neither more strongly for or against any party. 4.12 Applicable Law. This Agreement is made, and shall be construed and interpreted,under the laws of the State of Texas and venue shall lie in Williamson County, Texas. 4.13 Severability. In the event any provisions of this Agreement are illegal, invalid or unenforceable under present or future laws, and in that event, it is the intention of the parties that the remainder of this Agreement shall not be affected. It is also the intention of the parties of this Agreement that in lieu of each clause and provision that is found to be illegal, invalid or unenforceable, a provision be added to this Agreement which is legal,valid or enforceable and is as similar' in terms as possible to the provision found to be illegal, invalid or unenforceable. 4.14 Paragraph Headings. The paragraph headings contained in this Agreement are for convenience only and will in no way enlarge or limit the scope or meaning of the various and several paragraphs. 4.15 No Third Party Beneficiaries. This Agreement is not intended to confer any rights,privileges,or causes of action upon any third party. 4.16 Exhibits. The following Exhibits are attached and incorporated by reference for all purposes: Exhibit"A" Property Description Exhibit"B" Wastewater Improvements Exhibit"c" Hidden Valley Drive Exhibit "D" Right Turn Lane Exhibit"E" Phasing Map 4.17 No Joint Venture. It is acknowledged and agreed by the parties that the terms hereof are not intended to and shall not be deemed to create any partnership or joint venture among the parties. The City, its past, present and future officers, elected officials, employees and agents of the City, do not assume any responsibilities or liabilities to any third party in connection with the development of the Project or the design, construction or operation of any portion of the Project. 4.18 Effective Date. This Agreement becomes effective when signed by the last party whose signature makes this Agreement fully executed. Owner Agreement 6 of 13 IN WITNESS WHEREOF, OWNER AND THE CITY have executed duplicate counterparts to effectuate this Agreement to be effective as of the last date of due execution. [Signatures on the following page] Owner Agreement 7 of 13 Owner Agreement 8 of 13 BARTZ PROPERTIES LIMITED PARTNERSRIP,a Texas limited partnership By: BARTZ PROPERTIES ' MANAGEMENT,LLC,a Texas 1 3 limited liability company,its general I partner By: M chael Lynn Bartz,Manager- Susan Mclaiighlin Bartz _ THE CITY OF ROUND ROCK,TEXAS i i f By:. Alan McGraw,Mayor Date: Owner Agreement 8 of 13 i f I di 39 AUSTIN SURVEYORS Y.O. 18e243 A1JSTJN,TBXA878718 2145 7119TH•(UMP 11193 (512)454.6605 ` Accompaniment for plat 1752.1 FIELD NOTES ICOR 41.234 ACRE,S All that certain tract or parcel of land situated in the N.B.Anderson Survey,A-29, in Williamson County, Texas and being a part of a 101.37 acre tract and a 19.44 acre tract of land described in Document #2006016210 of the Official Records of Williamson County,'texas,and being more particularly described by metes and bounds as follows: BBOINNING at a capped iron pin found in the intersection of the Southeast righ"f way lime of University Boulevard(County Road4114)and t]►e Bast line of the above mentioned 101.37 acre tract,In the Northwest corner of a tract of land called 21.81 acres conveyed to CRAP,L.P.in Doc►unontNo.2008011241 of the abova mentioned Official Records for the Northeast comer of this tract,. k THENCE S 03°43`27"E with the east line of the said 101.37 acre tract 738.67,feet to an =, Iron pin found for an angle point of this tract. i THENCE S 03°4923"B with the Bast line of the said 101.37 acre tract 460.97 feet to an , iron pin fo►►nd in the Southwest corner of the above mentioned 71.81 acre tract and the Northwest comer of Laurel Ridge Seotion'Avo recorded as Document No.9747663 In the said Official Records for an angle point of this tract. THENCE S 04°10'40"B with the Bast line of the said 101.37 acre tract 516.75 fact to an iron pin found in the Southwest comer of the above mentioned Laurel Ridge Section Two i and the Northwest comer of Laurel Ridge Section One as recorded in Document No, 990727.4 of the said Official Records for a►1 angio point of-this tract. THENCE S 04008'56"B with the East line of the said 101.37 acre tract 283.49 feet to an iron pin found for an angle point of this tract. THENCE,S 04°08'03"B with tl►a Bast line of the said 101.37 acre tract at approximately 188.5 feet pass the Southeast corner of the said 101.37 acre tract and the Nortl►corner of I the 19.44 acre tract and continue for a total of 367,90 feet to an iron pin found in the most Northeast comer of Lot 1 In Block A of Chandler Sunrise Subdivision as recorded in Cabinet DD,Slide 118 of the Plat Records of Williamson County,Texas for the Southeast corner of this tract. THENCE S 77°57'06"W 848.53 feet to au ironpin found in an interior corner of the above mentioned Lot 1 Block A for the Southwest comer ofthis tract. THENCE N 1713928"W at 419,83 feet pass aur iron pin found in the East corner of Lot 1 in Block B of Oakmont Crossing Section One as recorded in Cabinet H,Slide 312 of the plat Records of Williamson County,Toxas and continue for a total of 704,25 feet to an iron phi found in an angle point of the above mentioned Lot 12 Block B for an angle point oftilis tract, t 41.234 ACRES EN/01118- IT K PAGF,2 0F2 ! THENCE N 09014'12"W 1166,18 feet to an iron pin set in the intersection of the Bast line of the said Lot 1 Block B and the curving Southeast right-of-way line of University Boulevard (County Road 11114) for the Northwest comer of this•tract, THENCE with the Southeast line of University Boulevard witluthe arc of a curve to the left 147.63 feet,said curve having a radius of 2112.42 feet,a central angle of 04°00'15",and a sub-chord which boars N 68°28'52"E 147,60 to an iron pin set on the west line of a 7.4 acre tract of land described in Document No.2008069340 of the said Official Records for a reentrant comer ofthis tract. THENCE S 19°10'13"E 208.06 feet to an iron pin found In the South corner of the above mentioned 7.4 acre tract for an angle point ofthis tract. THENCE N 72020'16"E 891.88 feet to an iron pin found in the Southeast corner of the said 7.4 acre tract for an angle point of this tract, THENCE N 03°3351"W 558.40 feet to an iron pin set in the intersection of the curving Southeast dot-of-way line of University Boulevard (County Road A 14)and 1110 Bast line of the said 7,4 acre tract for an angle point of this tract, THENCE with the Southeast line of University Eoulevatd with the are of a curve to the right 56.20 feet,said curve having a radius of 1955.0(1 feet,a central angle of 01138'50", and a sub-chord which boars N 55°49'22"B 56.20 feet td the POINT OF BEGINNING containing 41.234 acres of land,more or loss. 1,Claude F.Hinkle,Jr.,a Registered Professional Land Surveyor,do hereby certify that these field notes were prepared from an on the-ground survey made under my supervision during Tune of 2011 and are correct to the hest of my knowledge and belief These field notes ware prepared for a transfer of title to Duke,Inc. Any use of this description by any person for any other purpose is expressly prohibited, 0E TF "Edf;l`, Clau T1inklo,Tr. R.P.L.S.No.4629 ctAuueMMKkE,,a 4629��a 9N°°fras�°gyp JUL 2 0 2011 SGRy�' Date 1757..doo i i EXHIBIT B I Wastewater Improvements i i i { I ��S�nO• i�Nw /NW /Nw aN. 7� /Ya /NW a` Ts EXISTING 15'W WL TO BE UPGMOING TO IW w 4L p � NW�•N\Y- ce vol V vo a\v� ` y` .w/NWS/W i b 0 300' a (D SCALE: 1" = 300' o OFFSITE WASTEWATER a LJA Engineering,Inc. jr,� BARTZ PLANNED UNIT IMPROVMENTS g L3fstfuR,ay2WWest PMm6112A39A7W DEVELOPMENT Sane 1. Fox$2A39A7t6 AuiLn,TeUs 78735 FRk•F.1366 EXHIBIT'S' i E EXHIBIT C Hidden Valley Drive i I I i t I !l �► SAM alzs4 Q ISO LYA I +�� 98 Doo.20060162/0 / =t Doo.200601621i eratL�7 eR1 Doc,2DO6034245 EAML yp t1 Doo-2006050867 r t 1 40'HIDDEN VALLEY DR. EXTENSION M 4 WN110 d9KOU AWWAA4 "As m 16" film MER Lum? AIAMIUBfI L14 a v r K• a Y 4 M i i 0 300, I SCALE: i" = 300' j 0 HIDDEN VALLEY DR. LJA Dngineering,Inc. ` BARTZ PLANNED UNIT EXTENSION g $316E0ghxay2oWeu Ptaw512.439.4700 DEVELOPMENT 3u'01 Fax 512.434.4716 XUs7n,Texas 76735 FM,-F•iW EXHIBfT'C' 4 1 E I i EXHIBIT D i Right Turn Lane { i I i i I 'i i l C Ec 0 A A W L1M17911 PAA7N9AdWP 7.4 AGAgd DRIVE elf W!FUTURE SIGNAL p RIGHT TURN LANE OC.2008069340 ('� � gr / % I SAAT1 P1109AT198 LYt1. 1}1.254 Achge Doc.2008016210 / ! 1 DD ft 22006�o. 246 Doo.2006050867 5 /� LOT 1, SLK. B o :}/ 11AKMONT 0100SMS ! k i / 8911TION tiNg I l 3 / / rAS. N, 8L. 912 4 / 9HAN13LHR AdAA PA1309A7198 LP ! / 111.088 AJ;Agt1 ,1 r 0 200' SCALE: 1" 200' x RIGHT TURN LINE N LJA Engineering,Inc. ,� BARTZ PLANNED UNIT g s31sF6ehnyP W st PircW*512.43$.4100 DEVELOPMENT / Sinn f FaM2.430A716 'O 7Y n TeYBa 74735 FRI.F-1386 EXHIBIT V I 1 EXHIBIT E Phasing Map FI I 4 f I i i e 1 i i as ,s r[ Iy 1 I9 A fl w LDW913 PAATK9PANP 7.4 ACM 1 n+'•� `< DOC.2008069340 2LIn ACM DOC.2008011.241 I MF DISTRICT / SRITH PHASE2 DISTRICT I / ' MF DISTRICT Doc. 747 PHASE J nA deem am nAa,a aI.an CNANOM MM PAWgMaa LP I I 9AHr7t Pt9aPPA718a LTA / 1°�"tea It 41.294 AMM °yW' / I Doc.2008016210 , y N Doc.2008016211 3 Dx 2006 I / 1 Dm 20080.50886007 / go c2 1 1\ 05 1 1\ op 11 a L i F ui F X �v�an. \ ._ MF j K�'a ` DISTRICT PHASE 1 s c ao t \ N X CHArinLeaL°TSUMMI sJILL u 300' 201111 M — 0 CIL1.a1. 19 t IIn1Am O anC1C LIADIHY m APAATHPIITA LTO Y SCALE: 1" = 300' 0 PHASING MAP LJA Engineering, Inc. BARTZ PLANNED UNIT 0 5316Highv,ay290West Phone 512.439.4700 DEVELOPMENT j Sufte 15500 Fax 512.439.4716 D Austin,Texas 78735 FRN-F-1386 EXHIBIT'E'