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R-02-12-05-8B2 - 12/5/2002.. OOWA\ WORLOOX\ o . \WLOX \RRSOLUTI \R212O582.WPO /ec • RESOLUTION NO. R- 02- 12- 05 -8B2 WHEREAS, the City of Round Rock wishes to enter into an Annexation & Development Agreement for Roadway Facilities with RR Texas Rainbow Company for a tract of land containing 1.795 acres and a tract of land containing 14.586 acres, totalling 16.381 acres of land, more or less of the Joseph Marshall Survey, A -409, in Williamson County, Texas, 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 an Annexation & Development Agreement for Roadway Facilities with RR Texas Rainbow Company for a tract of land containing 1.795 acres and a tract of land containing 14.586 acres, totalling 16.381 acres of land, more or less out of the Joseph Marshall Survey, A -409, in Williamson County, Texas, a copy of said Agreement 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 5th day of December, 2002. T • ST: R 0 CHRISTINE R. MARTINEZ, City Secreta 2 MAXWELL, Mayor City of Round Rock, Texas ANNEXATION & DEVELOPMENT AGREEMENT FOR ROADWAY FACILITIES RR Texas Rainbow Company, a Texas Corporation, (hereinafter collectively referred to as "Owner "), and the City of Round Rock, a Texas municipality of the County of Williamson, State of Texas, (hereinafter "the City, ") (collectively hereinafter "the Parties, ") do hereby enter into this Annexation & Development Agreement for Roadway Facilities (hereinafter the "Agreement ") for the purposes of providing for an adequate network of arterial roadways to serve the development project described herein, and providing for reimbursements for excess contributions or credits against roadway impact fees. RECITALS Whereas, Owner has pending a request for annexation of a two tracts of land one of which is approximately 14.586 acres in size, (hereinafter "Tract A ") and the other of which is approximately 1.795 acres in size, (hereinafter "Tract B ") both tracts hereinafter collectively referred to as "the Property," which is located in the northeast planning area of the City and for which a legal description is attached hereto as Exhibit A and Whereas, Owner has requested C -1/PV (General Commercial Zoning with a Palm Valley Overlay), hereinafter (the "Requested Zoning ") for the development of the Property (the "Project"); and Whereas, there presently are insufficient arterial roads in the vicinity of the Property to support the development of such land as contemplated by the Requested Zoning; and Whereas, it is anticipated that, in the event that annexation is approved for the Property as requested by Owner and the Property is developed, there will be significant traffic impacts on the existing and future arterial road network generated by development of the Property; and . Whereas, the City has adopted its Transportation Master Plan delineating arterial roadways needed to serve the development of the Property and other property in the northeast planning area of the City; and Whereas, the City has conducted a study of the estimated cost of constructing the needed arterial roadways serving the Property, as shown on the Transportation Master Plan, and the City has provided a copy of the Transportation Master Plan and the aforementioned study to Owner; and Whereas, Owner has requested annexation of the Property in advance of construction of the needed arterial roadways; and ANNEXATION & DEVELOPMENT AGREEMENT Page 1 annexation agreement EXHIBIT OA. Whereas, in exchange for annexation of the Property in advance of the construction of the needed arterial roadways, Owner is willing to pay the Fees (as defined in Section 2 below) to partially offset the City's cost of constructing said arterial roadways; and Whereas, both Parties acknowledge that the Fees are proportional to the traffic impact anticipated from the proposed development of the Property; and Whereas, the Parties are desirous of assuring that the Project is adequately served with arterial roadways in a timely manner; NOW THEN in consideration of the mutual covenants herein contained, the Parties hereby agree as follows: Section 1. Provision of Roadways and Development Schedule A. Access Roads. Owner at its sole expense and in the due course of development of the Property shall provide adequate roadway access to the City's arterial road network serving the Property, consistent with the City's subdivision standards. Section 2. Annexation Fees A. Purpose and Basis for Fee. Owner acknowledges that the existing roadways in the vicinity of the Project and the Property are inadequate to serve the development as proposed by the Owner. In consideration for City agreeing to annex the Property and allowing the Owner to begin its Project, Owner agrees to pay fees to the City for said annexation. Said fees accrue when the Property is annexed and are paid and calculated as set forth below. The annexation fees ( "Fees ") provided for herein are based upon the traffic impact anticipated from the Requested Zoning. B. Amount of Fees. Owner agrees to pay to the City annexation Fees in the amount of $2,200 per Project Net Developable Acre for Tract A and $14,130 per Project Net Developable Acre for Tract B. Tract A and Tract B, if developed in accordance with the Requested Zoning, will contain approximately 16.381 net developable acres within the property to be annexed (the "Net Developable Acres "). The total amount of Fees, shall be payable as set forth in this Agreement. Net Developable Acres does not include portions of Owner's Project which have been previously annexed by the City. C. Modification of Fees. If the actual zoning of the Property, or portion thereof, is different from the Requested Zoning, then (i) the Parties agree that the annexation Fees may be recalculated to reflect any change in traffic impact as set forth in ANNEXATION & DEVELOPMENT AGREEMENT Pape 2 annexation agreement subparagraphs (1) and (2) below, or (ii) the Owner may request disannexation as provided in subparagraphs (3) or (4) below. (1) If any such recalculation pursuant to clause (i) above results in increased Fees, then Owner shall have the option of paying the increased Fees or requesting disannexation of the Property, and upon disannexation, Owner will be entitled to a refund of any Fees previously paid. (2) If any such recalculation pursuant to clause (i) above results in a reduced Fees, and if disannexation is not requested and approved pursuant to subparagraph (4) below, then Owner shall be entitled to a refund of Fees previously paid. (3) In the event that Owner requests disannexation because of increased Fees, the City shall have the option of either approving the disannexation of the Property or accepting the Fees provided for herein based upon the Requested Zoning. (4) In the event that Owner requests disannexation because Owner does not receive the Requested Zoning and the result is decreased Fees, and if the City does not disannex the Property, then this Agreement shall be null and void and the Parties shall have no further duties, obligations, or rights hereunder, including without limitation the obligation to dedicate right -of -way as provided in this Agreement. D. Waiver and Acknowledgment. Owner (i) unconditionally waives any claim that payment of Fees or construction of improvements pursuant to this Agreement constitutes imposition of an unauthorized roadway impact fee within the meaning of Tex. Loc. Gov't Code Ch. 395 or otherwise is inconsistent with such law; (ii) unconditionally acknowledge that fees provided for herein are proportional to the traffic impact anticipated from Owner's proposed development of the Property; and (iii) hereby releases and discharges the City, and all of its officials, officers, agents, consultants, and employees, collectively or individually, personally or in their official capacities, from all claims, suits or causes of any nature whatsoever, related to, connected with, or arising from the City's requirement for the Owner and Developer to agree to pay the Fees as a condition to annexation of the Property. E. Time for Payment. Fees shall be paid as follows: ANNEXATION & DEVFLOPMENT AGREEMENT Page 3 annexation agreement (1) Within thirty (30) days after the effective date of the zoning classification(s) established for newly annexed Property, 20% of the Fees shall be paid; (2) The remainder of the Fees shall be paid at the earlier of the following events: (1) three years from the effective date of the ordinance annexing the Property; or (2) following approval but prior to recording of a final plat of the Property or portion thereof. The payment of Fees triggered by the approval and recording of a final plat shall be limited to the portion of the Property included within said plat. F. Payment on Sale of Property. In the event that the Property or any portion thereof is sold prior to the time for payment of Fees provided in Section 2.E, all fees shall become immediately due and owing for the portion of the Property sold, unless the purchaser with the consent of the City assumes all obligations imposed under this Agreement. The aforesaid consent of the City shall not be unreasonably withheld. G. Rezoning. In the event that the Property or any portion thereof is rezoned, Owner agrees that the City either may impose additional fees for the portion of the Property rezoned for new land uses or the new zoning classification. Nothing in this subsection shall be construed as a waiver of the provisions of Section 2,C, above. Section 3. Waiver of Roadway Impact Fees and Discounts A. In the event that the City adopts a roadway impact fee program that becomes applicable to the Property following payment of Fees, the City agrees to waive payment of roadway impact fees or, in the event of rezoning, credit payment of Fees against roadway impact fees due with respect to the Property and/or other Property which may now or hereafter be owned by Owner in transportation planning area of the City in which the Property is located. B. The City agrees to discount Fees by an amount equal to the proportional value of improvements to arterial roadways designated in the Transportation Master Plan by Owner, as specified under Section 1, or as may be subsequently agreed to. Should the value of such improvements exceed the amount of Fees due for the Property, the City agrees to reimburse Owner for excess costs incurred from the proceeds of Fees or roadway impact fees collected from other developments served by such facilities. ANNEXATION & DEVELOPMENT AGREEMENT Page 4 annexation agreement Section 4. General Provisions A. Assignment. This Agreement, any part thereof, or any interest herein shall not be assigned by Owner without the express written consent of the City. Regardless of the foregoing, Owner shall have the right to assign its interest herein to an entity in which it maintains a majority ownership interest as long as written notice is given to the City twenty (20) days prior to said assignment. Any such assignment shall contain a provision that the assignee waives and acknowledges the matters set out in Section 2.D herein. B. Effect of Failure to Annex. In the event that the City fails to annex the Property as requested by Owner, or portion thereof, this Agreement shall be deemed null and void with respect to such Property or portion thereof. C. Waiver. No covenant or condition of this Agreement may be waived without consent of the Parties. Forbearance or indulgence by the City shall not constitute a waiver of any covenant or condition to be performed pursuant to this Agreement. D. Independent Contractor Status. Owner agrees that it is an independent contractor and not an officer, agent or servant or employee of the City; that Owner shall have exclusive control of and right to control the details of the work performed hereunder and all persons performing same, and shall be responsible for the acts and omissions of its officers, agents, employees, contractors, subcontracts and consultants; that the doctrine of respondeat superior shall not apply as between or among the City, Owner, its officers, agents, employees, contractors, subcontractors and consultants, and nothing herein shall be constructed as creating a partnership or joint enterprise between and/or among the City, and/or Owner. E. Venue. Venue of any action brought hereunder shall be in Williamson County, Texas. • F. Third Party Beneficiaries. For purposes of this Agreement, including its intended operation and effect, the Parties specifically agree that (1) the Agreement only affects matters /disputes between the Parties to this Agreement, and is in no way intended by the Parties to benefit or otherwise affect any third person or entity, other than Owner's lender, notwithstanding the fact that such third person or entities may be in a contractual relationship with the City or Owner or both; and (2) the terms of this Agreement are not intended to release, either by contract or operation of law, any third person or entity from obligations owing by them to either the City or Owner. ANNEXATION & DEVELOPMENT AGREEMENT Page 5 annexation agreement G. Authority to Act. The Parties each represent and warrant that the signatories on this Agreement are authorized to execute this Agreement and bind his/her principals to the terms and provisions hereof. Each Party warrants that any action required to be taken in order for this Agreement to be binding on it has been duly and properly taken prior to the execution of this Agreement. H. Incorporation of Recitals. The recitals contained at the beginning of this Agreement shall be deemed a part of the Agreement and hereby are incorporated by reference herein. I. No Guarantee of Zoning. Nothing contained in this Agreement shall be construed as obligating the City to zone the Property in conformity with the Requested Zoning. J. Covenant Running With the Land. The covenants contained herein shall run with the land and bind all successors, heirs and assignees of the Property owner. In addition, this Agreement shall be filed of record in the Real Property Records of Williamson County, Texas as evidence thereof. K. Releases. Provided there exists no event of default under this Agreement, Owner will be entitled to have all or a portion of the Property released from the terms and conditions of this Agreement upon full payment of the Fees due for the Property or portion thereof. At the time a partial release is requested, the Owner must furnish the City a calculation of area by field notes and a plat indicating the area to be released. All expenses incident to the granting of releases will be borne by the Owner. IN WITNESS WHEREOF, the Parties to these presents have executed this Contract in two (2) counterparts, each of which shall be deemed an original on this the day of 2002. ANNEXATION & DEVELOPMENT AGREEMENT Page 6 annexation agreement CITY OF ROUND ROCK, TEXAS By: Nyle Maxwell, Mayor THE STATE OF TEXAS COUNTY OF WILLIAMSON 22002. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of THE STATE OF TEXAS C 0LL /N COUNTY OF WILLIAMSON /2002. SHARON L SEWNGER MY COMMISSION EXPIRES September 14, 20E6 ANNEXATION& DEVELOPMENT AGREEMENT Page 7 annexation agreement OWNER RR 're $ U CITY OF ROUND ROCK ACKNOWLEDGMENT AS V Cwt �y /�i. I� / !1. 1" 6lf4ss ,4n/ KO BEFORE ME. the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Nyle Maxwell, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that he has authority to act on behalf of the City of Round Rock, and that he executed same for the purposes and consideration therein expressed and in the capacity therein stated. Notary Public in and for the State of Texas Notary's Printed Name § ACKNOWLEDGMENT BEFORE ME, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared o XiasSan Pnzct // , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed same for the purposes and consideration therein expressed . GIVEN UNDER MY HAND AND SEAL OF OFFICE this the a.3 day ofhgypojI otar y Public in an. for the St f'e of Texas / Notary's Printed Name t ee") Wad' Exhibit A Tract A Property Description and Tract B Property Description ANNEXATION & DEVELOPMENT AGREEMENT Page 8 annexation agreement /AIR I:It J.S. COALTER & ASSOCIATES IOW: IS I'I :RE n PIIOFESSIONAI. 1.A4 Il SURVEYOR LICENSE" STATE I.AN II SURVEYOR .orvicE MANAGER FIELD NOTES 995 N. 111 °S.SU ITC 108 ROUND ROCKC,'1'CXAS 79991 i TEA C81M1, C 15121255 -9293 FACSIMII.1: BEING 14.586 ACRES OF LAND OUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at the intersection of the west line of said 44.96 acre tract and the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984, from which the southwest comer of said 44.96 acre tract bears S0 °25'47 "W a distance of 202.08 feet; THENCE N 0° 25' 47" E a distance of 980.40 feet to the northwest corner hereof; THENCE S 89° 34' 13" E a distance of 897.38 feet, crossing said 44.96 acre tract, to the northeast corner hereof in the west line of that certain tract of land called 1.837 acres described in a deed to Williamson County recorded as County Clerk's Document No. 2001015273 in the Official Public Records of Williamson County; THENCE with the west line of said 1.837 acre tract, the following described four (4) courses and distances: 1) An arc distance of 191.59 feet with a curve to the right, said curve having a central angle of 21° 33' 13 ", a radius of 509.30 feet, a chord distance of 190.46 feet and a chord bearing of S 21° 15' 03" W to an iron rod found; 2) S 32° 00' 06" W a distance of 168.76 feet to an iron rod found; 3) An arc distance of 414.56 feet with a curve to the left, said curve having a central angle of 38° 59' 00 ", a radius of 609.30 feet, a chord distance of 406.61 feet and a chord bearing of S 12° 31' 38" W to an iron rod found at the point of compound curvature, and; 4) An arc distance of 47.28 feet with a curve to the left, said curve having a central angle of 0° 55' 46 ", a radius of 2915.00 feet, a chord distance of 47.25 feet and a chord bearing of S 7° 27' 15" E to a point in the north line of said 32.72 acre tract; THENCE with the north line of said 32.72 acre tract, an arc distance of 696.47 feet with a curve to the left, said curve having a central angle of 3° 37' 48 ", a radius of 10993.12 feet, a chord distance of 696.35 feet and a chord bearing of S 72° 30' 59" W to the Place of Beginning, containing 14.586 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100B AN COAL) CR 105 N. 111 30. SUIT1: too I), ISIS KF.C.ISrLRLD 1IC0192SSIUNAI. LAND SURVEYOR ROUND ROCK.,EXAS 70001 LICENSED SI'A'l I) 1.ANU SURV(:VUIC .L... 1U MAN 21 250 8211 TELEPOONE C■1'1 MANAGER J.S. COALTER & ASSOCIATES FIELD NOTES 1512) 25041263 FACSIMILD BEING 1.795 ACRES OF LAND OUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, AND THE ROBERT McNUTT SURVEY, ABSTRACT NO. 422, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND A PART OR PORTION OF COUNTY ROAD 122 VACATED AND ABANDONED BY THE COMMISSIONERS COURT OF WILLIAMSON COUNTY AND RECORDED IN VOLUME , PAGE COMMISSIONERS COURT MINUTES, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at an iron rod found in the east line of said 44.96 acre tract, from which the northeast corner thereof bears NORTH a distance of 1393.18 feet, said iron rod being in the west line of County Road No. 122 and being the northwest corner of that portion of said road vacated by the Commissioner's Court of Williamson County as aforesaid; THENCE N 32° 02' 17" E a distance of 14.51 feet along the northerly line of the abandoned portion of said road to an iron rod found; THENCE along the northerly line of the abandoned portion of said road, an arc distance of 92.63 feet with a curve to the left, said curve having a central angle of 8° 42' 39 ", a radius of 609.27 feet, a chord distance of 92.54 feet and a chord bearing of N 27° 40' 57" E to an iron rod found at the northeast corner of said abandoned portion of said road in the west line of that certain 110 acre tract of land described in a deed to W. G. Bames recorded in Volume 311, Page 218, Deed Records of Williamson County; THENCE SOUTH a distance of 536.28 feet with the west line of said 110 acre tract to its intersection with the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984; THENCE with the line of said Round Rock City Limits, the following described two (2) courses and distances: 1) An arc distance of 178.23 feet with a curve to the left, said curve having a central angle of 00° 52' 20 ", a radius of 11709.16 feet, a chord distance of 178.23 feet and a chord bearing of S 75° 27' 07" W to the point of compound curvature, and; 2) An arc distance of 30.42 feet with a curve to the left, said curve having a central angle of 00° 09' 31 ", a radius of 10993.12 feet, a chord distance of 30.42 feet and a chord bearing of S 74° 56' 12" W to a point in the east line of that certain tract of land called 1.837 acres described in a deed to Williamson County for the relocation of County Road No. 122; THENCE with the east line of said 1.837 acre tract, the following described three (3) courses and distances: 1) An arc distance of 32.48 feet with a curve to the right, said curve having a central angle of 00 39' 40 ", a radius of 2815.00 feet, a chord distance of 32.48 feet and a chord bearing of N 7° 16' 33" W to an iron rod found; 2) An arc distance of 346.66 feet with a curve to the right, said curve having a central angle of 38° 59' 55 ", a radius of 509.30 feet, a chord distance of 340.00 feet and a chord bearing of N 12° 30' 15" E, and; 3) N 32° 02' 17" E a distance of 154.01 feet to the Place of Beginning, containing 1.795 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100A • DATE: November 27, 2002 SUBJECT: City Council Meeting — December 5, 2002 ITEM: 8.B.2. Consider a resolution authorizing the Mayor to execute an Annexation and Development Agreement for Roadway Facilities with RR Texas Rainbow Company for 16.381 acres of land. (Rainbow Tract) (First Reading) Resource: Joe Vining, Planning Director History: The owners of two tracts of land totaling 16.381 acres noted above located in the vicinity of County Roads 113 and 122, wish to annex and develop their property at urban densities. The arterial roads in this area are not sufficient to handle increased traffic that would be generated by the proposed development. The owners wish to proceed with their development without delay and are prepared to enter into an Annexation and Development Agreement to provide their proportionate share of cost for improving these roads in order to avoid delays in the annexation and zoning of their property. Funding: Cost: N/A Source of Funds: N/A Outside Resources: Edmond Haas, Parsons Transportation Group Dan Sefko, Dunkin, Sefko & Associates, Inc. Impact: Ensures fair and equitable cost sharing of arterial road cost while allowing annexations to proceed in a timely fashion. Benefit: City is partially compensated for each developers proportionate share of road improvements. Public Comment: None required. Sponsor: Planning and Community Development Department RR Texas Rainbow Company, a Texas Corporation, (hereinafter collectively referred to as "Owner "), and the City of Round Rock, a Texas municipality of the County of Williamson, State of Texas, (hereinafter "the City, ") (collectively hereinafter "the Parties, ") do hereby enter into this Annexation & Development Agreement for Roadway Facilities (hereinafter the "Agreement ") for the purposes of providing for an adequate network of arterial roadways to serve the development project described herein, and providing for reimbursements for excess contributions or credits against roadway impact fees. £- oa -ia -o5 gsu ANNEXATION & DEVELOPMENT AGREEMENT FOR ROADWAY FACILITIES RECITALS Whereas, Owner has pending a request for annexation of a two tracts of land one of which is approximately 14.586 acres in size, (hereinafter "Tract A ") and the other of which is approximately 1.795 acres in size, (hereinafter "Tract B ") both tracts hereinafter collectively referred to as "the Property," which is located in the northeast planning area of the City and for which a legal description is attached hereto as Exhibit A and Whereas, Owner has requested C -1 /PV (General Commercial Zoning with a Palm Valley Overlay), hereinafter (the "Requested Zoning ") for the development of the Property (the "Project "); and Whereas, there presently are insufficient arterial roads in the vicinity of the Property to support the development of such land as contemplated by the Requested Zoning; and Whereas, it is anticipated that, in the event that annexation is approved for the Property as requested by Owner and the Property is developed, there will be significant traffic impacts on the existing and future arterial road network generated by development of the Property; and Whereas, the City has adopted its Transportation Master Plan delineating arterial roadways needed to serve the development of the Property and other property in the northeast planning area of the City; and Whereas, the City has conducted a study of the estimated cost of constructing the needed arterial roadways serving the Property, as shown on the Transportation Master Plan, and the City has provided a copy of the Transportation Master Plan and the aforementioned study to Owner; and Whereas, Owner has requested annexation of the Property in advance of construction of the needed arterial roadways; and ANNEXATION & DEVELOPMENT AGREEMENT Page 1 annexation agreement f • Whereas, in exchange for annexation of the Property in advance of the construction of the needed arterial roadways, Owner is willing to pay the Fees (as defined in Section 2 below) to partially offset the City's cost of constructing said arterial roadways; and Whereas, both Parties acknowledge that the Fees are proportional to the traffic impact anticipated from the proposed development of the Property; and Whereas, the Parties are desirous of assuring that the Project is adequately served with arterial roadways in a timely manner; NOW THEN in consideration of the mutual covenants herein contained, the Parties hereby agree as follows: Section 1. Provision of Roadways and Development Schedule A. Access Roads. Owner at its sole expense and in the due course of development of the Property shall provide adequate roadway access to the City's arterial road network serving the Property, consistent with the City's subdivision standards. Section 2. Annexation Fees A. Purpose and Basis for Fee. Owner acknowledges that the existing roadways in the vicinity of the Project and the Property are inadequate to serve the development as proposed by the Owner. In consideration for City agreeing to annex the Property and allowing the Owner to begin its Project, Owner agrees to pay fees to the City for said annexation. Said fees accrue when the Property is annexed and are paid and calculated as set forth below. The annexation fees ( "Fees ") provided for herein are based upon the traffic impact anticipated from the Requested Zoning. B. Amount of Fees. Owner agrees to pay to the City annexation Fees in the amount of $2,200 per Project Net Developable Acre for Tract A and $14,130 per Project Net Developable Acre for Tract B. Tract A and Tract B, if developed in accordance with the Requested Zoning, will contain approximately 16.381 net developable acres within the property to be annexed (the "Net Developable Acres "). The total amount of Fees, shall be payable as set forth in this Agreement. Net Developable Acres does not include portions of Owner's Project which have been previously annexed by the City. C. Modification of Fees. If the actual zoning of the Property, or portion thereof, is different from the Requested Zoning, then (i) the Parties agree that the annexation Fees may be recalculated to reflect any change in traffic impact as set forth in ANNEXATION & DEVELOPMENT AGREEMENT Page 2 annexation agreement subparagraphs (1) and (2) below, or (ii) the Owner may request disannexation as provided in subparagraphs (3) or (4) below. (1) If any such recalculation pursuant to clause (i) above results in increased Fees, then Owner shall have the option of paying the increased Fees or requesting disannexation of the Property, and upon disannexation, Owner will be entitled to a refund of any Fees previously paid. (2) If any such recalculation pursuant to clause (i) above results in a reduced Fees, and if disannexation is not requested and approved pursuant to subparagraph (4) below, then Owner shall be entitled to a refund of Fees previously paid. (3) In the event that Owner requests disannexation because of increased Fees, the City shall have the option of either approving the disannexation of the Property or accepting the Fees provided for herein based upon the Requested Zoning. (4) In the event that Owner requests disannexation because Owner does not receive the Requested Zoning and the result is decreased Fees, and if the City does not disannex the Property, then this Agreement shall be null and void and the Parties shall have no further duties, obligations, or rights hereunder, including without limitation the obligation to dedicate right -of -way as provided in this Agreement. D. Waiver and Acknowledgment. Owner (i) unconditionally waives any claim that payment of Fees or construction of improvements pursuant to this Agreement constitutes imposition of an unauthorized roadway impact fee within the meaning of Tex. Loc. Gov't Code Ch. 395 or otherwise is inconsistent with such law; (ii) unconditionally acknowledge that fees provided for herein are proportional to the traffic impact anticipated from Owner's proposed development of the Property; and (iii) hereby releases and discharges the City, and all of its officials, officers, agents, consultants, and employees, collectively or individually, personally or in their official capacities, from all claims, suits or causes of any nature whatsoever, related to, connected with, or arising from the City's requirement for the Owner and Developer to agree to pay the Fees as a condition to annexation of the Property. E. Time for Payment. Fees shall be paid as follows: ANNEXATION & DEVELOPMENT AGREEMENT Page 3 annexation agreement (1) Within thirty (30) days after the effective date of the zoning classification(s) established for newly annexed Property, 20% of the Fees shall be paid; (2) The remainder of the Fees shall be paid at the earlier of the following events: (1) three years from the effective date of the ordinance annexing the Property; or (2) following approval but prior to recording of a final plat of the Property or portion thereof. The payment of Fees triggered by the approval and recording of a final plat shall be limited to the portion of the Property included within said plat. F. Payment on Sale of Property. In the event that the Property or any portion thereof is sold prior to the time for payment of Fees provided in Section 2.E, all fees shall become immediately due and owing for the portion of the Property sold, unless the purchaser with the consent of the City assumes all obligations imposed under this Agreement. The aforesaid consent of the City shall not be unreasonably withheld. G. Rezoning. In the event that the Property or any portion thereof is rezoned, Owner agrees that the City either may impose additional fees for the portion of the Property rezoned for new land uses or the new zoning classification. Nothing in this subsection shall be construed as a waiver of the provisions of Section 2,C, above. Section 3. Waiver of Roadway Impact Fees and Discounts A. In the event that the City adopts a roadway impact fee program that becomes applicable to the Property following payment of Fees, the City agrees to waive payment of roadway impact fees or, in the event of rezoning, credit payment of Fees against roadway impact fees due with respect to the Property and/or other Property which may now or hereafter be owned by Owner in transportation planning area of the City in which the Property is located. B. The City agrees to discount Fees by an amount equal to the proportional value of improvements to arterial roadways designated in the Transportation Master Plan by Owner, as specified under Section 1, or as may be subsequently agreed to. Should the value of such improvements exceed the amount of Fees due for the Property, the City agrees to reimburse Owner for excess costs incurred from the proceeds of Fees or roadway impact fees collected from other developments served by such facilities. ANNEXATION & DEVELOPMENT AGREEMENT Page 4 annexation agreement Section 4. General Provisions A. Assignment. This Agreement, any part thereof, or any interest herein shall not be assigned by Owner without the express written consent of the City. Regardless of the foregoing, Owner shall have the right to assign its interest herein to an entity in which it maintains a majority ownership interest as long as written notice is given to the City twenty (20) days prior to said assignment. Any such assignment shall contain a provision that the assignee waives and acknowledges the matters set out in Section 2.D herein. B. Effect of Failure to Annex. In the event that the City fails to annex the Property as requested by Owner, or portion thereof, this Agreement shall be deemed null and void with respect to such Property or portion thereof. C. Waiver. No covenant or condition of this Agreement may be waived without consent of the Parties. Forbearance or indulgence by the City shall not constitute a waiver of any covenant or condition to be performed pursuant to this Agreement. D. Independent Contractor Status. Owner agrees that it is an independent contractor and not an officer, agent or servant or employee of the City; that Owner shall have exclusive control of and right to control the details of the work performed hereunder and all persons performing same, and shall be responsible for the acts and omissions of its officers, agents, employees, contractors, subcontracts and consultants; that the doctrine of respondeat superior shall not apply as between or among the City, Owner, its officers, agents, employees, contractors, subcontractors and consultants, and nothing herein shall be constructed as creating a partnership or joint enterprise between and/or among the City, and /or Owner. E. Venue. Venue of any action brought hereunder shall be in Williamson County, Texas. F. Third Party Beneficiaries. For purposes of this Agreement, including its intended operation and effect, the Parties specifically agree that (1) the Agreement only affects matters /disputes between the Parties to this Agreement, and is in no way intended by the Parties to benefit or otherwise affect any third person or entity, other than Owner's lender, notwithstanding the fact that such third person or entities may be in a contractual relationship with the City or Owner or both; and (2) the terms of this Agreement are not intended to release, either by contract or operation of law, any third person or entity from obligations owing by them to either the City or Owner. ANNEXATION & DEVELOPMENT AGREEMENT Page 5 annexation agreement 4 G. Authority to Act. The Parties each represent and warrant that the signatories on this Agreement are authorized to execute this Agreement and bind his/her principals to the terms and provisions hereof. Each Party warrants that any action required to be taken in order for this Agreement to be binding on it has been duly and properly taken prior to the execution of this Agreement. H. Incorporation of Recitals. The recitals contained at the beginning of this Agreement shall be deemed a part of the Agreement and hereby are incorporated by reference herein. I. No Guarantee of Zoning. Nothing contained in this Agreement shall be construed as obligating the City to zone the Property in conformity with the Requested Zoning. ' J. Covenant Running With the Land. The covenants contained herein shall run with the land and bind all successors, heirs and assignees of the Property owner. In addition, this Agreement shall be filed of record in the Real Property Records of Williamson County, Texas as evidence thereof. K. Releases. Provided there exists no event of default under this Agreement, Owner will be entitled to have all or a portion of the Property released from the terms and conditions of this Agreement upon full payment of the Fees due for the Property or portion thereof. At the time a partial release is requested, the Owner must furnish the City a calculation of area by field notes and a plat indicating the area to be released. All expenses incident to the granting of releases will be borne by the Owner. IN WITNESS WHEREOF, the Parties to these presents have executed this c ontract in o (2) cou terparts, each of which shall be deemed an original on this the day of , 2002. ANNEXATION & DEVELOPMENT AGREEMENT Page 6 annexation agreement CITY OF ROUND ROCK, TEXAS t � 5 THE STATE OF TEXAS COUNTY OF WILLIAMSON BEFORE ME. the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Nyle Maxwell, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that he has authority to act on behalf of the City of Round Rock, and that he executed same for the purposes and consideration therein expressed and in the capacity therein stated. 22002. th GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of.i lY , tl / y t No Public in an for the State of Texas /e I f i r,N6 . fi'Jfiienitil6z , CHRISTINE R. MARTINEZ MY COMMISSION EXPIRES August 28, 2005 THE STATE OF TEXAS C 04L /Al COUNTY OF WILLIAMSON 2002. SHARON L. SEWNGER MY COMMISSION EXPIRES Septealdr 14, 2006 ANNEXATION & DEVELOPMENT AGREEMENT annexation agreement OWNER RR TF RS 1 g0 6otivlkk,y § KO- •4 �� 'Zed' CITY OF ROUND ROCK / § ACKNOWLEDGMENT Notary's Printed Name § ACKNOWLEDGMENT BEFORE ME, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared ssc/n FrjzetJi , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed same for the purposes and consideration therein expressed . GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day ofhny p tary Public in an • for the St !e of Texas _c /.4 f)n L .c,i iri j Notary's Printed Name Page 7 Exhibit A Tract A Property Description and Tract B Property Description ANNEXATION & DEVELOPMENT AGREEMENT Page 8 annexation agreement 4 � � S I'AN t'<1A1:1 Eli <11 19CE MANAGES J.S. COALTER & ASSOCIATES REGIS 11:11E0 PROFESSIONAL. LAND SURVEYOR. LICENSED STATE. LAND SURVEYOR FIELD NOTES 905 N 111 35. sul'rI 100 ROUND ROCK. TEXAS 78001 1 TELEPHONE 111121 25,8203 FACS1M11.1, BEING 14.586 ACRES OF LAND OUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at the intersection of the west line of said 44.96 acre tract and the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984, from which the southwest corner of said 44.96 acre tract bears S0 °25'47 "W a distance of 202.08 feet; THENCE N 0° 25' 47" E a distance of 980.40 feet to the northwest corner hereof; THENCE S 89° 34' 13" E a distance of 897.38 feet, crossing said 44.96 acre tract, to the northeast corner hereof in the west line of that certain tract of land called 1.837 acres described in a deed to Williamson County recorded as County Clerk's Document No. 2001015273 in the Official Public Records of Williamson County; THENCE with the west line of said 1.837 acre tract, the following described four (4) courses and distances: 1) An arc distance of 191.59 feet with a curve to the right, said curve having a central angle of 21 33' 13 ", a radius of 509.30 feet, a chord distance of 190.46 feet and a chord bearing of S 21° 15' 03" W to an iron rod found; 2) S 32° 00' 06" W a distance of 168.76 feet to an iron rod found; 3) An arc distance of 414.56 feet with a curve to the left, said curve having a central angle of 38° 59' 00 ", a radius of 609.30 feet, a chord distance of 406.61 feet and a chord bearing of S 12° 31' 38" W to an iron rod found at the point of compound curvature, and; 4) An arc distance of 47.28 feet with a curve to the left, said curve having a central angle of 0° 55' 46 ", a radius of 2915.00 feet, a chord distance of 47.2$ feet and a chord bearing of S 7° 27' 15" E to a point in the north line of said 32.72 acre tract; THENCE with the north line of said 32.72 acre tract, an arc distance of 696.47 feet with a curve to the left, said curve having a central angle of 3° 37' 48 ", a radius of 10993.12 feet, a chord distance of 696.35 feet and a chord bearing of S 72° 30' 59" W to the Place of Beginning, containing 14.586 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100B •. \N C•OAIMER KI I.S. LSLS ARLA SIIII'MAN t,I•CICC MANAGER J.S. COALTER & ASSOCIATES REC: Is•rEIsCD PROFESSIONAL LAND SURVEYOR LICENSED STATE LAND SURVEYOR FIELD NOTES N 1 ROCIN D ROCK. SUITE 'E.XAS 7885 (512) 255.8211 TELEPHONE (5121 255.8253 1'A CS I M 11.1: BEING 1.795 ACRES OF LAND PUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, AND THE ROBERT McNUTT SURVEY, ABSTRACT NO. 422, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND A PART OR PORTION OF COUNTY ROAD 122 VACATED AND ABANDONED BY THE COMMISSIONERS COURT OF WILLIAMSON COUNTY AND RECORDED IN VOLUME , PAGE COMMISSIONERS COURT MINUTES, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at an iron rod found in the east line of said 44.96 acre tract, from which the northeast corner thereof bears NORTH a distance of 1393.18 feet, said iron rod being in the west line of County Road No. 122 and being the northwest corner of that portion of said road vacated by the Commissioner's Court of Williamson County as aforesaid; THENCE N 32° 02' 17" E a distance of 14.51 feet along the northerly line of the abandoned portion of said road to an iron rod found; THENCE along the northerly line of the abandoned portion of said road, an arc distance of 92.63 feet with a curve to the left, said curve having a central angle of 8° 42' 39 ", a radius of 609.27 feet, a chord distance of 92.54 feet and a chord bearing of N 27° 40' 57" E to an iron rod found at the northeast comer of said abandoned portion of said road in the west line of that certain 110 acre tract of land described in a deed to W. G. Barnes recorded in Volume 311, Page 218, Deed Records of Williamson County; THENCE SOUTH a distance of 536.28 feet with the west line of said 110 acre tract to its intersection with the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984; THENCE with the line of said Round Rock City Limits, the following described two (2) courses and distances: I) An arc distance of 178.23 feet with a curve to the left, said curve having a central angle of 00° 52' 20 ", a radius of 11709.16 feet, a chord distance of 178.23 feet and a chord bearing of S 75° 27' 07" W to the point of compound curvature, and; 2) An arc distance of 30.42 feet with a curve to the left, said curve having a central angle of 00° 09' 31 ", a radius of 10993.12 feet, a chord distance of -. • 30.42 feet and a chord bearing of S 74° 56' 12" W to a point in the east line of that certain tract of land called 1.837 acres described in a deed to Williamson County for the relocation of County Road No. 122; THENCE with the east line of said 1.837 acre tract, the following described three (3) courses and distances: 1) An arc distance of 32.48 feet with a curve to the right, said curve having a central angle of 00° 39' 40 ", a radius of 2815.00 feet, a chord distance of 32.48 feet and a chord bearing of N 7° 16' 33" W to an iron rod found; 2) An arc distance of 346.66 feet with a curve to the right, said curve having a central angle of 38° 59' 55 ", a radius of 509.30 feet, a chord distance of 340.00 feet and a chord bearing of N 12° 30' 15" E, and; 3) N 32° 02' 17" E a distance of 154.01 feet to the Place of Beginning, containing 1.795 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100A THE STATE OF TEXAS COUNTY OF WILLIAMSON 1✓ CITY OF ROUND ROCK 2003003686 28 POs I, CHRISTINE R. MARTINEZ, City Secretary of the City of Round Rock, Texas, do hereby certify that I am the custodian of the public records maintained by the City. The attached is a true and correct copy of Resolution No. R- 02- 12- 05 -8B2 which was approved by the City Council of the City of Round Rock, Texas at a regular meeting held on the 5th day of December 2002 as recorded in Book 48 of the City Council Minutes. CERTIFIED by my hand and seal of the City of Round Rock, Texas on this the 9th day of January 2003. CHRISTINE R. MARTINEZ, City Secretary 2� RESOLUTION NO. R- 02- 12- 05 -8B2 WHEREAS, the City of Round Rock wishes to enter into an Annexation & Development Agreement for Roadway Facilities with RR Texas Rainbow Company for a tract of land containing 1.795 acres and a tract of land containing 14.586 acres, totalling 16.381 acres of land, more or less of the Joseph Marshall Survey, A -409, in Williamson County, Texas, 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 an Annexation & Development Agreement for Roadway Facilities with RR Texas Rainbow Company for a tract of land containing 1.795 acres and a tract of land containing 14.586 acres, totalling 16.381 acres of land, more or less out of the Joseph Marshall Survey, A -409, in Williamson County, Texas, a copy of said Agreement 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. "CMA \WORLDO AWDOXVIESOLvn \a21205B2 UPD /oc RESOLVED this 5th day of December, 2002. ,e• CHRISTINE R. MARTINEZ, City Secreta 2 MAXWELL, Mayor City of Round Rock, Texas ANNEXATION & DEVELOPMENT AGREEMENT FOR ROADWAY FACILITIES RR Texas Rainbow Company, a Texas Corporation, (hereinafter collectively referred to as "Owner "), and the City of Round Rock, a Texas municipality of the County of Williamson, State of Texas, (hereinafter "the City, ") (collectively hereinafter "the Parties, ") do hereby enter into this Annexation & Development Agreement for Roadway Facilities (hereinafter the "Agreement ") for the purposes of providing for an adequate network of arterial roadways to serve the development project described herein, and providing for reimbursements for excess contributions or credits against roadway impact fees. RECITALS Whereas, Owner has pending a request for annexation of a two tracts of land one of which is approximately 14.586 acres in size, (hereinafter "Tract A ") and the other of which is approximately 1.795 acres in size, (hereinafter "Tract B ") both tracts hereinafter collectively referred to as "the Property," which is located in the northeast planning area of the City and for which a legal description is attached hereto as Exhibit A and Whereas, Owner has requested C -1/PV (General Commercial Zoning with a Palm Valley Overlay), hereinafter (the "Requested Zoning ") for the development of the Property (the "Project "); and Whereas, there presently are insufficient arterial roads in the vicinity of the Property to support the development of such land as contemplated by the Requested Zoning; and Whereas, it is anticipated that, in the event that annexation is approved for the Property as requested by Owner and the Property is developed, there will be significant traffic impacts on•the existing and future arterial road network generated by development of the Property; and . Whereas, the City has adopted its Transportation Master Plan delineating arterial roadways needed to serve the development of the Property and other property in the northeast planning area of the City; and Whereas, the City has conducted a study of the estimated cost of constructing the needed arterial roadways serving the Property, as shown on the Transportation Master Plan, and the City has provided a copy of the Transportation Master Plan and the aforementioned study to Owner; and Whereas, Owner has requested annexation of the Property in advance of construction of the needed arterial roadways; and ANNEXATION& DEVELOPMENT AGREEMENT Page 1 annexation agreement b EXHIBIT II An 1 Whereas, in exchange for annexation of the Property in advance of the construction of the needed arterial roadways, Owner is willing to pay the Fees (as defined in Section 2 below) to partially offset the City's cost of constructing said arterial roadways; and Whereas, both Parties acknowledge that the Fees are proportional to the traffic impact anticipated from the proposed development of the Property; and Whereas, the Parties are desirous of assuring that the Project is adequately served with arterial roadways in a timely manner; NOW THEN in consideration of the mutual covenants herein contained, the Parties hereby agree as follows: Section 1. Provision of Roadways and Development Schedule A. Access Roads. Owner at its sole expense and in the due course of development of the Property shall provide adequate roadway access to the City's arterial road network serving the Property, consistent with the City's subdivision standards. Section 2. Annexation Fees A. Purpose and Basis for Fee. Owner acknowledges that the existing roadways in the vicinity of the Project and the Property are inadequate to serve the development as proposed by the Owner. In consideration for City agreeing to annex the Property and allowing the Owner to begin its Project, Owner agrees to pay fees to the City for said annexation. Said fees accrue when the Property is annexed and are paid and calculated as set forth below. The annexation fees ( "Fees ") provided for herein are based upon the traffic impact anticipated from the Requested Zoning. B. Amount of Fees. Owner agrees to pay to the City annexation Fees in the amount of $2,200 per Project Net Developable Acre for Tract A and $14,130 per Project Net Developable Acre for Tract B. Tract A and Tract B, if developed in accordance with the Requested Zoning, will contain approximately 16.381 net developable acres within the property to be annexed (the "Net Developable Acres "). The total amount of Fees, shall be payable as set forth in this Agreement. Net Developable Acres does not include portions of Owner's Project which have been previously annexed by the City. C. Modification of Fees. If the actual zoning of the Property, or portion thereof, is different from the Requested Zoning, then (i) the Parties agree that the annexation Fees may be recalculated to reflect any change in traffic impact as set forth in ANNEXATION & DEVELOPMENT AGREEMENT Page 2 .Inlle\atloll agreement subparagraphs (1) and (2) below, or (ii) the Owner may request disannexation as provided in subparagraphs (3) or (4) below. (1) If any such recalculation pursuant to clause (i) above results in increased Fees, then Owner shall have the option of paying the increased Fees or requesting disannexation of the Property, and upon disannexation, Owner will be entitled to a refund of any Fees previously paid. (2) If any such recalculation pursuant to clause (i) above results in a reduced Fees, and if disannexation is not requested and approved pursuant to subparagraph (4) below, then Owner shall be entitled to a refund of Fees previously paid. (3) In the event that Owner requests disannexation because of increased Fees, the City shall have the option of either approving the disannexation of the Property or accepting the Fees provided for herein based upon the Requested Zoning. (4) In the event that Owner requests disannexation because Owner does not receive the Requested Zoning and the result is decreased Fees, and if the City does not disannex the Property, then this Agreement shall be null and void and the Parties shall have no further duties, obligations, or rights hereunder, including without limitation the obligation to dedicate right -of -way as provided in this Agreement. D. Waiver and Acknowledgment. Owner (i) unconditionally waives any claim that payment of Fees or construction of improvements pursuant to this Agreement constitutes imposition of an unauthorized roadway impact fee within the meaning of Tex. Loc. Gov't Code Ch. 395 or otherwise is inconsistent with such law; (ii) unconditionally acknowledge that fees provided for herein are proportional to the traffic impact anticipated from Owner's proposed development of the Property; and (iii) hereby releases and discharges the City, and all of its officials, officers, agents, consultants, and employees, collectively or individually, personally or in their official capacities, from all claims, suits or causes of any nature whatsoever, related to, connected with, or arising from the City's requirement for the Owner and Developer to agree to pay the Fees as a condition to annexation of the Property. E. Time for Payment. Fees shall be paid as follows: ANNEXATION & DEVELOPMENT AGREEMENT Page 3 annexation agreement (1) Within thirty (30) days after the effective date of the zoning classification(s) established for newly annexed Property, 20% of the Fees shall be paid; (2) The remainder of the Fees shall be paid at the earlier of the following events: (1) three years from the effective date of the ordinance annexing the Property; or (2) following approval but prior to recording of a final plat of the Property or portion thereof. The payment of Fees triggered by the approval and recording of a final plat shall be limited to the portion of the Property included within said plat. F. Payment on Sale of Property. In the event that the Property or any portion thereof is sold prior to the time for payment of Fees provided in Section 2.E, all fees shall become immediately due and owing for the portion of the Property sold, unless the purchaser with the consent of the City assumes all obligations imposed under this Agreement. The aforesaid consent of the City shall not be unreasonably withheld. G. Rezoning. In the event that the Property or any portion thereof is rezoned, Owner agrees that the City either may impose additional fees for the portion of the Property rezoned for new land uses or the new zoning classification. Nothing in this subsection shall be construed as a waiver of the provisions of Section 2,C, above. Section 3. Waiver of Roadway Impact Fees and Discounts A. In the event that the City adopts a roadway impact fee program that becomes applicable to the Property following payment of Fees, the City agrees to waive payment of roadway impact fees or, in the event of rezoning, credit payment of Fees against roadway impact fees due with respect to the Property and/or other Property which may now or hereafter be owned by Owner in transportation planning area of the City in which the Property is located. B. The City agrees to discount Fees by an amount equal to the proportional value of improvements to arterial roadways designated in the Transportation Master Plan by Owner, as specified under Section 1, or as may be subsequently agreed to. Should the value of such improvements exceed the amount of Fees due for the Property, the City agrees to reimburse Owner for excess costs incurred from the proceeds of Fees or roadway impact fees collected from other developments served by such facilities. ANNEXATION & DEVELOPMENT AGREEMENT Page 4 anne %atron agreement Section 4. General Provisions A. Assignment. This Agreement, any part thereof, or any interest herein shall not be assigned by Owner without the express written consent of the City. Regardless of the foregoing, Owner shall have the right to assign its interest herein to an entity in which it maintains a majority ownership interest as long as written notice is given to the City twenty (20) days prior to said assignment. Any such assignment shall contain a provision that the assignee waives and acknowledges the matters set out in Section 2.D herein. B. Effect of Failure to Annex. In the event that the City fails to annex the Property as requested by Owner, or portion thereof, this Agreement shall be deemed null and void with respect to such Property or portion thereof. C. Waiver. No covenant or condition of this Agreement may be waived without consent of the Parties. Forbearance or indulgence by the City shall not constitute a waiver of any covenant or condition to be performed pursuant to this Agreement. D. Independent Contractor Status. Owner agrees that it is an independent contractor and not an officer, agent or servant or employee of the City; that Owner shall have exclusive control of and right to control the details of the work performed hereunder and all persons performing same, and shall be responsible for the acts and omissions of its officers, agents, employees, contractors, subcontracts and consultants; that the doctrine of respondeat superior shall not apply as between or among the City, Owner, its officers, agents, employees, contractors, subcontractors and consultants, and nothing herein shall be constructed as creating a partnership or joint enterprise between and/or among the City, and/or Owner. E. Venue. Venue of any action brought hereunder shall be in Williamson County, Texas. F. Third Party Beneficiaries. For purposes of this Agreement, including its intended operation and effect, the Parties specifically agree that (1) the Agreement only affects matters/disputes between the Parties to this Agreement, and is in no way intended by the Parties to benefit or otherwise affect any third person or entity, other than Owner's lender, notwithstanding the fact that such third person or entities may be in a contractual relationship with the City or Owner or both; and (2) the terms of this Agreement are not intended to release, either by contract or operation of law, any third person or entity from obligations owing by them to either the City or Owner. ANNEXATION & DEVELOPMENT AGREEMENT Page 5 annexallon agreement G. Authority to Act. The Parties each represent and warrant that the signatories on this Agreement are authorized to execute this Agreement and bind his/her principals to the terms and provisions hereof. Each Party warrants that any action required to be taken in order for this Agreement to be binding on it has been duly and properly taken prior to the execution of this Agreement. H. Incorporation of Recitals. The recitals contained at the beginning of this Agreement shall be deemed a part of the Agreement and hereby are incorporated by reference herein. I. No Guarantee of Zoning. Nothing contained in this Agreement shall be construed as obligating the City to zone the Property in conformity with the Requested Zoning. J. Covenant Running With the Land. The covenants contained herein shall run with the land and bind all successors, heirs and assignees of the Property owner. In addition, this Agreement shall be filed of record in the Real Property Records of Williamson County, Texas as evidence thereof. K. Releases. Provided there exists no event of default under this Agreement, Owner will be entitled to have all or a portion of the Property released from the terms and conditions of this Agreement upon full payment of the Fees due for the Property or portion thereof. At the time a partial release is requested, the Owner must furnish the City a calculation of area by field notes and a plat indicating the area to be released. All expenses incident to the granting of releases will be bome by the Owner. IN WITNESS WHEREOF, the Parties to these presents have executed this Contract in two (2) counterparts, each of which shall be deemed an original on this the day of , 2002. ANNEXATION & DEVELOPMENT AGREEMENT Page 6 annexation agreement CITY OF ROUND ROCK, TEXAS By: Nyle Maxwell, Mayor THE STATE OF TEXAS COUNTY OF WILLIAMSON BEFORE ME. the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Nyle Maxwell, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that he has authority to act on behalf of the City of Round Rock, and that he executed same for the purposes and consideration therein expressed and in the capacity therein stated. 22002. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of THE STATE OF TEXAS C 0LL /N COUNTY OF vIL-L-Wils.480N BEFORE ME, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared `, .i a sspn .'oz Gr `7 , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed same for the purposes and consideration therein expressed. 2002. 1 GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of/'oi tie- SHARON L SEWNGER MY COMMISSION EXPIRES S,p th 74, 2006 § ANNEXATION & DEVELOPMENT AGREEMENT Page 7 annexation agreement OWNER RR AS � A, h ,v u) Ght4ss ,4n1 KO CITY OF ROUND ROCK ACKNOWLEDGMENT Notary Public in and for the State of Texas Notary's Printed Name § ACKNOWLEDGMENT otary Public in an. for the St /e of Texas SA& inn / .Cp / /7.2, Notary's Printed Name Ay teed-dad' Exhibit A Tract A Property Description and Tract B Property Description ANNEXATION & DEVELOPMENT AGREEMENT Page 8 JIIIICxJ11011 agreement ,EAN C1 ln1:1 EP AIt1.A SR ll•MAN OI I ICE MANACEIi J.S. COALTER & ASSOCIATES REOTS 1 EPEE, PROFESSIONAL LAND. SE; liv EYOR LICENSED STATE LAN. SHUPE :YOH FIELD NOTES BEING 14.586 ACRES OF LAND OUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at the intersection of the west line of said 44.96 acre tract and the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984, from which the southwest corner of said 44.96 acre tract bears S0 °25'47 "W a distance of 202.08 feet; THENCE N 0 25' 47" E a distance of 980.40 feet to the northwest corner hereof; THENCE S 89° 34' 13" E a distance of 897.38 feet, crossing said 44.96 acre tract, to the northeast comer hereof in the west line of that certain tract of land called 1.837 acres described in a deed to Williamson County recorded as County Clerk's Document No. 2001015273 in the Official Public Records of Williamson County; THENCE with the west line of said 1.837 acre tract, the following described four (4) courses and distances: 1) An arc distance of 191.59 feet with a curve to the right, said curve having a central angle of 21° 33' 13 ", a radius of 509.30 feet, a chord distance of 190.46 feet and a chord bearing of S 21° 15' 03" W to an iron rod found; 2) S 32° 00' 06" W a distance of 168.76 feet to an iron rod found; 3) An arc distance of 414.56 feet with a curve to the left, said curve having a central angle of 38° 59' 00 ", a radius of 609.30 feet, a chord distance of 406.61 feet and a chord bearing of S 12° 31' 38" W to an iron rod found at the point of compound curvature, and; 4) An arc distance of 47.28 feet with a curve to the left, said curve having a central angle of 0° 55' 46 ", a radius 2915.00 feet, a chord distance of 47.25 feet and a chord bearing of S 7° 27' 15" E to a point in the north line of said 32.72 acre tract; 1 305 ist II I 15. SUITE ION HOCINO HOCH. rc:CAS 780.01 55 8211 TELEPHONE 45121255.828° FACSIMILE THENCE with the north line of said 32.72 acre tract, an arc distance of 696.47 feet with a curve to the left, said curve having a central angle of 3° 37' 48 ", a radius of 10993.12 feet, a chord distance of 696.35 feet and a chord bearing of S 72° 30' 59" W to the Place of Beginning, containing 14.586 acres of land. COALTER & ASSOCIATES, SURVEYORS e Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100B J.S. COALTER & ASSOCIATES 111:(:15'1 EKED 1'ROrESSIONAL LAND SURVEYOR LICENSED STATE LAND SURVEYOR I'ARLA 5111FMAN 15121 255 8211 TE:LEI•I IONE OFFICE MANAGER - ■51.21 255.8263 FACSIMILE 1'AN C'OAI FER 1111IS. ISIS FIELD NOTES 905 11155. 3151 168 ROUND ROCK TEXAS 78601 BEING 1.795 ACRES OF LAND OUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, AND THE ROBERT McNUTT SURVEY, ABSTRACT NO. 422, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND A PART OR PORTION OF COUNTY ROAD 122 VACATED AND ABANDONED BY THE COMMISSIONERS COURT OF WILLIAMSON COUNTY AND RECORDED IN VOLUME , PAGE COMMISSIONERS COURT MINUTES, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at an iron rod found in the east line of said 44.96 acre tract, from which the northeast corner thereof bears NORTH a distance of 1393.18 feet, said iron rod being in the west line of County Road No. 122 and being the northwest comer of that portion of said road vacated by the Commissioner's Court of Williamson County as aforesaid; THENCE N 32° 02' 17" E a distance of 14.51 feet along the northerly line of the abandoned portion of said road to an iron rod found; THENCE along the northerly line of the abandoned portion of said road, an arc distance of 92.63 feet with a curve to the left, said curve having a central angle of 8° 42' 39 ", a radius of 609.27 feet, a chord distance of 92.54 feet and a chord bearing of N 27° 40' 57" E to an iron rod found at the northeast corner of said abandoned portion of said road in the west line of that certain 110 acre tract of land described in a deed to W. G. Barnes recorded in Volume 311, Page 218, Deed Records of Williamson County; THENCE SOUTH a distance of 536.28 feet with the west line of said 110 acre tract to its intersection with the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984; THENCE with the line of said Round Rock City Limits, the following described two (2) courses and distances: 1) An arc distance of 178.23 feet with a curve to the left, said curve having a central angle of 00° 52' 20 ", a radius of 11709.16 feet, a chord distance of 178.23 feet and a chord bearing of S 75° 27' 07" W to the point of compound curvature, and; 2) An arc distance of 30.42 feet with a curve to the left, said curve having a central angle of 00° 09' 31", a radius of 10993.12 feet, a chord distance of 30.42 feet and a chord bearing of S 74° 56' 12" W to a point in the east line of that certain tract of land called 1.837 acres described in a deed to Williamson County for the relocation of County Road No. 122; THENCE with the east line of said 1.837 acre tract, the following described three (3) courses and distances: 1) An arc distance of 32.48 feet with a curve to the right, said curve having a central angle of 00° 39' 40 ", a radius of 2815.00 feet, a chord distance of 32.48 feet and a chord bearing of N 7° 16' 33" W to an iron rod found; 2) An arc distance of 346.66 feet with a curve to the right, said curve having a central angle of 38° 59' 55 ", a radius of 509.30 feet, a chord distance of 340.00 feet and a chord bearing of N 12° 30' 15" E, and; 3) N 32° 02' 17" E a distance of 154.01 feet to the Place of Beginning, containing 1.795 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100A ANNEXATION & DEVELOPMENT AGREEMENT FOR ROADWAY FACILITIES RR Texas Rainbow Company, a Texas Corporation, (hereinafter collectively referred to as "Owner "), and the City of Round Rock, a Texas municipality of the County of Williamson, State of Texas, (hereinafter "the City, ") (collectively hereinafter "the Parties, ") do hereby enter into this Annexation & Development Agreement for Roadway Facilities (hereinafter the "Agreement ") for the purposes of providing for an adequate network of arterial roadways to serve the development project described herein, and providing for reimbursements for excess contributions or credits against roadway impact fees. RECITALS Whereas, Owner has pending a request for annexation of a two tracts of land one of which is approximately 14.586 acres in size, (hereinafter "Tract A ") and the other of which is approximately 1.795 acres in size, (hereinafter "Tract B ") both tracts hereinafter collectively referred to as "the Property," which is located in the northeast planning area of the City and for which a legal description is attached hereto as Exhibit A and Whereas, Owner has requested C -1/PV (General Commercial Zoning with a Palm Valley Overlay), hereinafter (the "Requested Zoning ") for the development of the Property (the "Project "); and Whereas, there presently are insufficient arterial roads in the vicinity of the Property to support the development of such land as contemplated by the Requested Zoning; and Whereas, it is anticipated that, in the event that annexation is approved for the Property as requested by Owner and the Property is developed, there will be significant traffic impacts on the } existing and future arterial road network generated by development of the Property; and Whereas, the City has adopted its Transportation Master Plan delineating arterial roadways needed to serve the development of the Property and other property in the northeast planning area of the City; and Whereas, the City has conducted a study of the estimated cost of constructing the needed arterial roadways serving the Property, as shown on the Transportation Master Plan, and the City has provided a copy of the Transportation Master Plan and the aforementioned study to Owner; and Whereas, Owner has requested annexation of the Property in advance of construction of the needed arterial roadways; and 12- 00- 10?- 05-6 � ANNEXATION& DEVELOPMENT AGREEMENT Pagel . annexation agreement Whereas, in exchange for annexation of the Property in advance of the construction of the needed arterial roadways, Owner is willing to pay the Fees (as defined in Section 2 below) to partially offset the City's cost of constructing said arterial roadways; and Whereas, both Parties acknowledge that the Fees are proportional to the traffic impact anticipated from the proposed development of the Property; and Whereas, the Parties are desirous of assuring that the Project is adequately served with arterial roadways in a timely manner; NOW THEN in consideration of the mutual covenants herein contained, the Parties hereby agree as follows: Section 1. Provision of Roadways and Development Schedule A. Access Roads. Owner at its sole expense and in the due course of development of the Property shall provide adequate roadway access to the City's arterial road network serving the Property, consistent with the City's subdivision standards. Section 2. Annexation Fees A. Purpose and Basis for Fee. Owner acknowledges that the existing roadways in the vicinity of the Project and the Property are inadequate to serve the development as proposed by the Owner. In consideration for City agreeing to annex the Property and allowing the Owner to begin its Project, Owner agrees to pay fees to the City for said annexation. Said fees accrue when the Property is annexed and are paid and calculated as set forth below. The annexation fees ( "Fees ") provided for herein are based upon the traffic impact anticipated from the Requested Zoning. B. Amount of Fees. Owner agrees to pay to the City annexation Fees in the amount of $2,200 per Project Net Developable Acre for Tract A and $14,130 per Project Net Developable Acre for Tract B. Tract A and Tract B, if developed in accordance with the Requested Zoning, will contain approximately 16.381 net developable acres within the property to be annexed (the "Net Developable Acres "). The total amount of Fees, shall be payable as set forth in this Agreement. Net Developable Acres does not include portions of Owner's Project which have been previously annexed by the City. C. Modification of Fees. If the actual zoning of the Property, or portion thereof, is different from the Requested Zoning, then (i) the Parties agree that the annexation Fees may be recalculated to reflect any change in traffic impact as set forth in ANNEXATION & DEVELOPMENT AGREEMENT Page 2 annexation agreement subparagraphs (1) and (2) below, or (ii) the Owner may request disannexation as provided in subparagraphs (3) or (4) below. (1) If any such recalculation pursuant to clause (i) above results in increased Fees, then Owner shall have the option of paying the increased Fees or requesting disannexation of the Property, and upon disannexation, Owner will be entitled to a refund of any Fees previously paid. (2) If any such recalculation pursuant to clause (i) above results in a reduced Fees, and if disannexation is not requested and approved pursuant to subparagraph (4) below, then Owner shall be entitled to a refund of Fees previously paid. (3) In the event that Owner requests disannexation because of increased Fees, the City shall have the option of either approving the disannexation of the Property or accepting the Fees provided for herein based upon the Requested Zoning. (4) In the event that Owner requests disannexation because Owner does not receive the Requested Zoning and the result is decreased Fees, and if the City does not disannex the Property, then this Agreement shall be null and void and the Parties shall have no further duties, obligations, or rights hereunder, including without limitation the obligation to dedicate right -of -way as provided in this Agreement. D. Waiver and Acknowledgment. Owner (i) unconditionally waives any claim that payment of Fees or construction of improvements pursuant to this Agreement constitutes imposition of an unauthorized roadway impact fee within the meaning of Tex. Loc. Gov't Code Ch. 395 or otherwise is inconsistent with such law; (ii) unconditionally acknowledge that fees provided for herein are proportional to the traffic impact anticipated from Owner's proposed development of the Property; and (iii) hereby releases and discharges the City, and all of its officials, officers, agents, consultants, and employees, collectively or individually, personally or in their official capacities, from all claims, suits or causes of any nature whatsoever, related to, connected with, or arising from the City's requirement for the Owner and Developer to agree to pay the Fees as a condition to annexation of the Property. E. Time for Payment. Fees shall be paid as follows: ANNEXATION & DEVELOPMENT AGREEMENT Page 3 annexation agreement (1) Within thirty (30) days after the effective date of the zoning classification(s) established for newly annexed Property, 20% of the Fees shall be paid; (2) The remainder of the Fees shall be paid at the earlier of the following events: (I) three years from the effective date of the ordinance annexing the Property; or (2) following approval but prior to recording of a final plat of the Property or portion thereof. The payment of Fees triggered by the approval and recording of a final plat shall be limited to the portion of the Property included within said plat. F. Payment on Sale of Property. In the event that the Property or any portion thereof is sold prior to the time for payment of Fees provided in Section 2.E, all fees shall become immediately due and owing for the portion of the Property sold, unless the purchaser with the consent of the City assumes all obligations imposed under this Agreement. The aforesaid consent of the City shall not be unreasonably withheld. G. Rezoning. In the event that the Property or any portion thereof is rezoned, Owner agrees that the City either may impose additional fees for the portion of the Property rezoned for new land uses or the new zoning classification. Nothing in this subsection shall be construed as a waiver of the provisions of Section 2,C, above. Section 3. Waiver of Roadway Impact Fees and Discounts A. In the event that the City adopts a roadway impact fee program that becomes applicable to the Property following payment of Fees, the City agrees to waive payment of roadway impact fees or, in the event of rezoning, credit payment of Fees against roadway impact fees due with respect to the Property and/or other Property which may now or hereafter be owned by Owner in transportation planning area of the City in which the Property is located. B. The City agrees to discount Fees by an amount equal to the proportional value of improvements to arterial roadways designated in the Transportation Master Plan by Owner, as specified under Section 1, or as may be subsequently agreed to. Should the value of such improvements exceed the amount of Fees due for the Property, the City agrees to reimburse Owner for excess costs incurred from the proceeds of Fees or roadway impact fees collected from other developments served by such facilities. ANNEXATION & DEVELOPMENT AGREEMENT Page 4 annexation agreement Section 4. General Provisions A. Assignment. This Agreement, any part thereof, or any interest herein shall not be assigned by Owner without the express written consent of the City. Regardless of the foregoing, Owner shall have the right to assign its interest herein to an entity in which it maintains a majority ownership interest as long as written notice is given to the City twenty (20) days prior to said assignment. Any such assignment shall contain a provision that the assignee waives and acknowledges the matters set out in Section 2.D herein. B. Effect of Failure to Annex. In the event that the City fails to annex the Property as requested by Owner, or portion thereof, this Agreement shall be deemed null and void with respect to such Property or portion thereof. C. Waiver. No covenant or condition of this Agreement may be waived without consent of the Parties. Forbearance or indulgence by the City shall not constitute a waiver of any covenant or condition to be performed pursuant to this Agreement. D. Independent Contractor Status. Owner agrees that it is an independent contractor and not an officer, agent or servant or employee of the City; that Owner shall have exclusive control of and right to control the details of the work performed hereunder and all persons performing same, and shall be responsible for the acts and omissions of its officers, agents, employees, contractors, subcontracts and consultants; that the doctrine of respondeat superior shall not apply as between or among the City, Owner, its officers, agents, employees, contractors, subcontractors and consultants, and nothing herein shall be constructed as creating a partnership or joint enterprise between and/or among the City, and /or Owner. E. Venue. Venue of any action brought hereunder shall be in Williamson County, Texas. • F. Third Party Beneficiaries. For purposes of this Agreement, including its intended operation and effect, the Parties specifically agree that (1) the Agreement only affects matters /disputes between the Parties to this Agreement, and is in no way intended by the Parties to benefit or otherwise affect any third person or entity, other than Owner's lender, notwithstanding the fact that such third person or entities may be in a contractual relationship with the City or Owner or both; and (2) the terms of this Agreement are not intended to release, either by contract or operation of law, any third person or entity from obligations owing by them to either the City or Owner. ANNEXATION & DEVELOPMENT AGREEAIENT Page 5 annexation agreement G. Authority to Act. The Parties each represent and warrant that the signatories on this Agreement are authorized to execute this Agreement and bind his/her principals to the terms and provisions hereof. Each Party warrants that any action required to be taken in order for this Agreement to be binding on it has been duly and properly taken prior to the execution of this Agreement. H. Incorporation of Recitals. The recitals contained at the beginning of this Agreement shall be deemed a part of the Agreement and hereby are incorporated by reference herein. I. No Guarantee of Zoning. Nothing contained in this Agreement shall be construed as obligating the City to zone the Property in conformity with the Requested Zoning. J. Covenant Running With the Land. The covenants contained herein shall run with the land and bind all successors, heirs and assignees of the Property owner. In addition, this Agreement shall be filed of record in the Real Property Records of Williamson County, Texas as evidence thereof. K. Releases. Provided there exists no event of default under this Agreement, Owner will be entitled to have all or a portion of the Property released from the terms and conditions of this Agreement upon full payment of the Fees due for the Property or portion thereof. At the time a partial release is requested, the Owner must furnish the City a calculation of area by field notes and a plat indicating the area to be released. All expenses incident to the granting of releases will be borne by the Owner. IN WITNESS WHEREOF, the Parties to these presents have executed this t o ttract in o (2) co u terparts, each of which shall be deemed an original on this the day of , 2002. ANNEXATION & DB.ELOPMENT AGREEMENT Page 6 annexation agreement CITY OF ROUND ROCK, TEXAS B axwell, Mayor THE STATE OF TEXAS COUNTY OF WILLIAMSON BEFORE ME, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Nyle Maxwell, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that he has authority to act on behalf of the City of Round Rock, and that he executed same for the purposes and consideration therein expressed and in the capacity therein stated. 22002. th GIVEN UNDER MY HAND AND SEAL OF OFFICE this then day of „D,Q(Q t. CHRISTINE R. MARTINEZ ' MY COMMISSION EXPIRES August 28, 2005 THE STATE OF TEXAS C OLL /AI COUNTY OF WILLIAMSON 2002. SHARON L. SEWNGER MY COMMISSION EXPIRES September 14, 2006 ANNEXATION & DEVELOPMENT AGREEMENT Page 7 annexation agreement OWNER RR TE A S A/ C,on't/,AN 1 / / ' _ 61 4 SAN KO CITY OF ROUND ROCK ACKNOWLEDGMENT /l- .V/ 11 Notary Public in andfor the State of Texas C'FF2151'IN6 /YIpl2T/,tJ52_, Notary's Printed Name § ACKNOWLEDGMENT BEFORE ME, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared C �jasSCln 1 A , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he executed same for the purposes and consideration therein expressed . GIVEN UNDER MY HAND AND SEAL OF OFFICE this the a3 day of/Pm/pm/4. otary Public in an a for the St 7e of Texas S!j/IIDA l .(P//in . Pr Notary's Printed Name ✓ 1-1 tedi lad Exhibit A Tract A Property Description and Tract B Property Description ANNEXATION & DEVELOPMENT AGREEMENT Page 8 annenatian agreement STAN l'11AI:t'Elt I,I 1 CI.S nRLA SHIPMAN 11I'h'ICh: MANAGER J.S. COALTER & ASSOCIATES REGIS 1 ERED PROFESSIONAL. LAND SURVEYOR LICENSED STATE LAND SURVEYOR FIELD NOTES 90S N 111 35. Sul'rE 108 ROUND ROCK. TEXAS 7AGG (5121 255.8211 TELEI'IIONE 1512) 2nn 8293 FACSIMILE BEING 14.586 ACRES OF LAND OUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at the intersection of the west line of said 44.96 acre tract and the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984, from which the southwest comer of said 44.96 acre tract bears S0 °25'47 "W a distance of 202.08 feet; THENCE N 0° 25' 47" E a distance of 980.40 feet to the northwest corner hereof; THENCE S 89° 34' 13" E a distance of 897.38 feet, crossing said 44.96 acre tract, to the northeast corner hereof in the west line of that certain tract of land called 1.837 acres described in a deed to Williamson County recorded as County Clerk's Document No. 2001015273 in the Official Public Records of Williamson County; THENCE with the west line of said 1.837 acre tract, the following described four (4) courses and distances: 1) An arc distance of 191.59 feet with a curve to the right, said curve having a central angle of 21° 33' 13 ", a radius of 509.30 feet, a chord distance of 190.46 feet and a chord bearing of S 21° 15' 03" W to I an iron rod found; 2) S 32° 00' 06" W a distance of 168.76 feet to an iron rod found; 3) An arc distance of 414.56 feet with a curve to the left, said curve having a central angle of 38 59' 00 ", a radius of 609.30 feet, a chord distance of 406.61 feet and a chord bearing of S 12° 31' 38" W to an iron rod found at the point of compound curvature, and; 4) An arc distance of 47.28 feet with a curve to the left, said curve having a central angle of 0 55' 46 ", a radius of 2915.00 feet, a chord distance of 47.2$ feet and a chord bearing of S 7° 27' 15" E to a point in the north line of said 32.72 acre tract; THENCE with the north line of said 32.72 acre tract, an arc distance of 696.47 feet with a curve to the left, said curve having a central angle of 3° 37' 48 ", a radius of 10993.12 feet, a chord distance of 696.35 feet and a chord bearing of S 72° 30' 59" W to the Place of Beginning, containing 14.586 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100B MILS 1-91,S nRLA SIIIPINAN ,,C, ICC MANAGER J.S. COALTER & ASSOCIATES R ECISYKRCU PROFESSIONAL LAND SURVEY°. LICENSED STATE LAND SURVEYOR FIELD NOTES 05 N. IN 55. Still 1: 10 ROUND ROCK, - FEXAS 7800. 2l 255.8211 TELEPHONE 15111 255.8283 FACSIMILE BEING 1.795 ACRES OF LAND pUT OF THE JOSEPH MARSHALL SURVEY, ABSTRACT NO. 409, AND THE ROBERT McNUTT SURVEY, ABSTRACT NO. 422, IN WILLIAMSON COUNTY, TEXAS, AND BEING A PART OF THAT CERTAIN 44.96 ACRE TRACT OF LAND DESCRIBED IN A DEED TO TEXAS RAINBOW COMPANY RECORDED IN VOLUME 1095, PAGE 752, OFFICIAL PUBLIC RECORDS OF WILLIAMSON COUNTY, AND A PART OR PORTION OF COUNTY ROAD 122 VACATED AND ABANDONED BY THE COMMISSIONERS COURT OF WILLIAMSON COUNTY AND RECORDED IN VOLUME , PAGE COMMISSIONERS COURT MINUTES, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS, TO WIT: BEGINNING at an iron rod found in the east line of said 44.96 acre tract, from which the northeast corner thereof bears NORTH a distance of 1393.18 feet, said iron rod being in the west line of County Road No. 122 and being the northwest corner of that portion of said road vacated by the Commissioner's Court of Williamson County as aforesaid; THENCE N 32° 02' 17" E a distance of 14.51 feet along the northerly line of the abandoned portion of said road to an iron rod found; THENCE along the northerly line of the abandoned portion of said road, an arc distance of 92.63 feet with a curve to the left, said curve having a central angle of 8° 42' 39 ", a radius of 609.27 feet, a chord distance of 92.54 feet and a chord bearing of N 27° 40' 57" E to an iron rod found at the northeast comer of said abandoned portion of said road in the west line of that certain 110 acre tract of land described in a deed to W. G. Barnes recorded in Volume 311, Page 218, Deed Records of Williamson County; THENCE SOUTH a distance of 536.28 feet with the west line of said 110 acre tract to its intersection with the north line of that certain 32.72 acre tract of land annexed by the City of Round Rock by Ordinance No. 861 dated December 13, 1984; THENCE with the line of said Round Rock City Limits, the following described two (2) courses and distances: 1) An arc distance of 178.23 feet with a curve to the left, said curve having a central angle of 00° 52' 20 ", a radius of 11709.16 feet, a chord distance of 178.23 feet and a chord bearing of S 75° 27' 07" W to the point of compound curvature, and; 2) An arc distance of 30.42 feet with a curve to the left, said curve having a central angle of 00° 09' 31 ", a radius of 10993.12 feet, a chord distance of 30.42 feet and a chord bearing of S 74° 56' 12" W to a point in the east line of that certain tract of land called 1.837 acres described in a deed to Williamson County for the relocation of County Road No. 122; THENCE with the east line of said 1.837 acre tract, the following described three (3) courses and distances: 1) An arc distance of 32.48 feet with a curve to the right, said curve having a central angle of 00° 39' 40 ", a radius of 2815.00 feet, a chord distance of 32.48 feet and a chord bearing of N 7° 16' 33" W to an iron rod found; 2) An arc distance of 346.66 feet with a curve to the right, said curve having a central angle of 38° 59' 55 ", a radius of 509.30 feet, a chord distance of 340.00 feet and a chord bearing of N 12° 30' 15" E, and; 3) N 32° 02' 17" E a distance of 154.01 feet to the Place of Beginning, containing 1.795 acres of land. COALTER & ASSOCIATES, SURVEYORS Stan Coalter, RPLS, LSLS 10 -21 -02 File No. 99100A _0 - (a- O5 -S FIB MU R €COR E ° OFFICIAL PUBLIC RECORDS 01- 15- 2003 AM 2003003686 MSTANLEY $63.00 NANCY E. RISTER ,COUNTY CLERK WILLIAMSON COUNTY, TEXAS CITY OF ROUND ROOK ADMINISTRATION 221 EAST MAIN STREET ROUND ROCK, TEXAS 78664