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R-01-05-10-13D12 - 5/10/2001RESOLUTION NO. R- 01- 05- 10 -13D12 WHEREAS, the City of Round Rock desires to construct Forest Creek Drive, a four -lane, curbed and guttered major arterial road running through property owned by Bon Terre -B, Ltd. ( "Developer "), and WHEREAS, the City desires to expeditiously design, engineer and construct Forest Creek Drive, conditioned upon Developer paying the City for a portion of the cost of Forest Creek Drive attributable to its development, and WHEREAS, the Developer desires to partially reimburse the City for costs expended in the construction of Forest Creek Drive through the property, 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 a Development Agreement with Bon Terre -B, Ltd. regarding Forest Creek Drive, a copy of said agreement being attached hereto 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, and the Act. 0, WPDOCS \R0S0LU I \R10S1Dn.12 /ec RESOLVED this 10th day of May, 2001. ATTEST: J E LAND, City Secretary 2 AP AO ROB T A. STLUKA, JR.I.( Mayor City of Round Rock, Texas STATE OF TEXAS § DEVELOPMENT AGREEMENT § WITH BON TERRE -B, LTD REGARDING COUNTY OF WILLIAMSON § FOREST CREEK DRIVE This is a DEVELOPMENT AGREEMENT by and between THE CITY OF ROUND ROCK, TEXAS ( "City ") and BON TERRE -B, LTD. ("Developer "). WHEREAS, Developer is owner of that certain tract of land described Lake Forest II, Village III, Phase I, a subdivision in Williamson County, Texas (the "Property"), and WHEREAS, City desires to construct Forest Creek Drive, a four -lane, curbed and guttered major arterial road, ( "Forest Creek Drive ") running through the Property, and WHEREAS, the City desires to expeditiously design, engineer and construct Forest Creek Drive. conditioned upon Developer paying City for a portion of the cost of Forest Creek Drive attributable to its development, and WHEREAS, the Developer desires to partially reimburse the City for costs expended in the construction of Forest Creek Drive through the Property, NOW THEREFORE, for and in consideration of the promises and the mutual agreements set forth herein, the City and Developer hereby agree as follows: A. PURPOSE The purpose of this Agreement is to provide for the reimbursement to the City for a portion of the cost of construction of Forest Creek Drive through the Property, running from Collingwood Drive to the western boundary of the Forest Creek Subdivision . The parties hereto agree that the portion of the cost of Forest Creek Drive paid by the Developer is attributable to the needs of Developer's development. C \TEXT \ROU"OROC \forest creek \OEVAGRE robuck.wpd /kg B. GENERAL TERMS AND CONDITIONS 1. The Project is herein defined as the construction of a four -lane, curbed and guttered major arterial road, including sidewalks, running through the Property from Collingwood Drive to the western boundary of the Property, excluding all costs related to the Creek Crossing Structure within Forest Creek Drive. 2. The Project Cost is herein defined as all costs of material, labor, grading, paving, drainage, lighting, landscaping, and other costs related to the construction of the Project. 3. Developer agrees to pay to the City 7.83% of the Project Cost, as reflected in the final contract award based on bids submitted pursuant to the Gray, Jansing and Associates Bid Proposal. Said sum shall be paid to the City within ten (10) working days after Developer receives notification that said payment is due. 4. In addition to the payment listed in Section 3., above, Developer agrees to pay to the City fifty (50 %) percent of all costs associated with the construction of the Creek Crossing Structure within Forest Creek Drive, as reflected in the final contract award based on bids submitted pursuant to the Gray, Jansing and Associates Bid Proposal. Said sum shall be paid to the City within ten (10) working days after Developer receives notification that said payment is due. 5. Developers shall execute a Possession and Use Agreement at the time of the execution of this Agreement and agree to dedicate all necessary right - of - way and related easements for Forest Creek Drive upon request of City. The City agrees to use its best efforts to complete the Project as soon as possible. C. MISCELLANEOUS PROVISIONS. 1. Actions Performable. The City and the Developer agree that all actions to be performed under this Agreement are performable in Williamson County, Texas. 2. Governing Law. The City and Developer agree that this Agreement has been made under the laws of the State of Texas in effect on this date, and that any interpretation of this Agreement at a future date shall be made under the laws of the State of Texas. 3. Severability. If a provision hereof shall be finally declared void or illegal by any court or administrative agency having jurisdiction, the entire Agreement shall not be void; but the remaining provisions shall continue in effect as nearly as possible in accordance with the original intent of the parties. 2. 4. Complete Agreement. This Agreement represents a complete agreement of the parties and supersedes all prior written and oral matters related to this agreement. Any amendment to this Agreement must be in writing and signed by all parties. 5. Exhibits. All exhibits attached to this Agreement are incorporated by reference and expressly made part of this Agreement as if copied verbatim. 6. Notice. All notices, requests or other communications required or permitted by this Agreement shall be in writing and shall be sent by (I) telecopy, with the original delivered by hand or overnight carrier, (ii) by overnight courier or hand delivery, or (iii) certified mail, postage prepaid, return receipt requested, and addressed to the parties at the following addresses: Cam: City of Round Rock 221 East Main Round Rock, Texas 78664 Attn: Director of Planning Phone: (512) 218 -5420 with copies to: Sheets & Crossfield, P.C. 309 East Main Round Rock, Texas 78664 Phone: (512) 255 -8877 Developer: Bon Terre -B, Ltd. 3816 Bryn Mawr Dallas, Texas 75225 7. Force Majeure. Developer and the City agree that the obligations of each party shall be subject to force majeure events such as natural calamity, fire or strike. 8. Assignment. This Agreement may be assigned by the Developer only with the prior written approval of the City. 9. Signature Warranty Clause. The signatories to this Agreement represent and warrant that they have the authority to execute this Agreement on behalf of the City and Developer, respectively. SIGNED as of this 10 day of / , 2001. 3. ATTEST: E LAND, City Secretary STATE OF TEXAS § CHRISTINE R. MARTINEZ MY COMMISSION EXPIRES August 5, 2001 STATE OF TEXAS COUNTY OF WILLIAMSON KATHY GREEN MY COMMISSION EXPIRES Juty 28, 2003 4. CITY OF ROUND ROCK BY: t / /10 STLUKA, JR. .! or BON TERRE - B, LTD. By: BERKSHIRE, INC., its general partner By: CORPORATE ACKNOWLEDGMENT k Notary Public, State of Texas Notary Public, Stet Texas 7 J f� EL H. ROBUCK, President COUNTY OF WILLIAMSON § This instnunent was acknowledged before me on this the j O day of 2001, by Robert A. Stluka, Jr., a person known to me, in her capacity as Mayor of the City of ound Ror,i_Texas, a Texas home rule municipal corporation ,,nbehalf of said municipality. PARTNERSHIP ACKNOWLEDGMENT This instrument was acknowledged before me on this the 0 day of 2001, by Joel H. Robuck, a person known to me, in his capacity as President of Berkshire, c., general partner of BON TERRE -B, LTD., a Texas limited partnership, on behalf of said limited partnership. DATE: May 4, 2001 SUBJECT: City Council Meeting — May 10, 2001 ITEM: 13.D.12. Consider a resolution authorizing the Mayor to execute a Development Agreement with Bon Teer -B, Ltd. regarding Forest Creek Drive. This agreement establishes the developer's, commitment to donate the right -of -way through their development for Forest Creek Drive. Additionally, the developer is agreeing to provide funds toward the construction of Forest Creek Drive through the formation of a non -debt P.I.D. Resource: Jim Nuse, Public Works Director Tom Word, Traffic Engineer History: Funding: Cost: Source of funds: Outside Resources: Impact/Benefit: Public Comment: Sponsor: N/A g -447-- CITY OF ROUND ROCK Mayor - Robert A. Sttaka. Jr. Mayor Pro-tem Earl M, Hairston Council Members Tom Nielson Cable Pitt Earl Palmer Isabel Gallahan Jimmy Joseph City Manager. Robert L Bennett, Jr. City Attorney Stephan L Sheets • May 29, 2001 Mr. Joel H. Robuck Bon Terre -B, Ltd. 3816 Bryn Mawr Dallas, Texas 75225 Dear Mr. Robuck: The Round Rock City Council approved Resolution No. R- 01- 05- 10 -13D12 at their regularly scheduled meeting on May 10, 2001. This resolution approves the Development Agreement with Bon Terre -B, Ltd. regarding Forest Creek Drive. Enclosed is a copy of the resolution and original amendment for your files. If you have any questions, please do not hesitate to contact Jim Nuse at (512) 218 -55 Sincerely, Joanne Land Assistant City Manager/ " City Secretary Enclosures Fax: 512- 218 -7097 • 1 -800 - 735 -2989 TDD www.ci.round- rock.tx.us 221 East Main Street Round Rock, Texas 78664 512- 218 -5400 1- 800 -735 -2988 Voice