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CM-11-02-038Unanimous Consent of Members in Lieu of Annual and Special Meeting of Members of Boardwalk Center Property Owners Association, Inc. The undersigned, being all of the Members of Boardwalk Center Property Owners Association, Inc., a Texas nonprofit corporation (the "Corporation"), do hereby waive all notices required for an annual meeting of the members, or special meeting and, pursuant to Article XIII of the Articles of Incorporation of the Boardwalk Center Property Owners Association, Inc. (the "Articles"), take the following actions and adopt the following resolutions in lieu of an annual meeting or special meeting of the Members: Removal of Current Directors RESOLVED, that the Members of the Corporation, pursuant to their right to remove any Director from the Board, with or without cause, as set forth in Article IV, Section 4.3 of the Bylaws of Boardwalk Center Property Owners Association, Inc. (the "Bylaws"), consent to the removal of the three current Directors of the Board. Appointment of New Directors RESOLVED, that the Members of the Corporation, consent to the appointment of the following Directors to serve for the following terms, beginning on the date that this Resolution is passed: Connie Shelton One (1) Year Priscilla Stanford Two (2) Years Colin Bearden Three (3) Years Ratification of Past Acts RESOLVED, that the acts and transactions that have been validly taken or made by the officers or other agents of the Corporation since the date of the last annual meeting of the board of directors or Members, or the consent in lieu of annual meeting, and before the date of this consent, are hereby ratified in all respects. Further Instructions to Officers RESOLVED, that upon selection of a secretary by the Board of Directors, the secretary of the Corporation is directed to file this consent in the minute book of the Corporation, and, further, that the officers of the Corporation are hereby authorized and directed to execute and deliver all documents, to waive all conditions, and to do all things necessary or helpful to carry out the purposes of the foregoing resolutions. All acts of the officers of the Corporation that are consistent with the intent of the above resolutions are hereby ratified and adopted in all respects as the acts of the Corporation. IN WITNESS WHEREOF, the undersigned have executed this consent of the Members effective as of the day of , 2011. Members: Victoria R Schantz c/o THE HESSE CO - V R SCHANTZ (9049259) Michael Hesse, Trustee By: Its: THE HESSE CO - V R SCHANTZ (9049259) Michael Hesse, Trustee The Hesse Company By: Its: Michael E. Dyer Family, Ltd. By: Its: Chick-Fil-A, Inc. By: Its: 2 CFT Development; LLC (Panda Express) By: Its: Willovic, Inc. By: Its: Archland Property II, L.P. By: Its: Green Triangle Fund 1, L.P. By: Its: State Street Bank & Trust Company as Trustee for Centre Structured Trust 10 By: Its: 3 endeavor\boardwalk\resol. consent.nomeeting Gemini Boardwalk 1, LLC By: Its: Nationsbank of Texas, N.A. By: Its: HDRR I-35 Partnership, Ltd. By: Its: City of Round Rock 4 SIXTH AMENDMENT TO DECLARATION OF CONVENANTS, CONDITIONS, EASEMENTS AND RESTRICTIONS FOR BOARDWALK CENTER THE STATE OF 'TEXAS COUNTY OF WILLIAMSON § KNOW ALL MEN BY THESE PRESENTS: THAT This Sixth Amendment to the Declaration of Covenants, Conditions, Easements, and Restrictions for Boardwalk Center (the "Sixth Amendment") is entered into to be effective on , 2011, by and between the Members, as defined in the Declaration described in Paragraphs 1-6 below, as amended, Wal-Mart Stores, Inc., and the Boardwalk Center Property Owners Association, Inc. (the "Association"). This Sixth Amendment is made in accordance with the Declaration; the Articles of Incorporation of the Association; the Bylaws of the Association; and the Reciprocal Easement Agreement with Covenants & Restrictions described in Paragraphs 8-11 below, as amended (the "REA"). I. THE DECLARATION AND ITS AMENDMENTS 1. On May 31, 1995, Boardwalk Center, Ltd. executed and filed of record the Declaration of Covenants, Conditions, Easements and Restrictions for Boardwalk Center which is filed of record in Volume 2732, Pages 118-145, or as Document Number 1995022040, in the Official Public Records of Williamson County, Texas. 2. On October 19, 1995, the Association, Boardwalk Center, Ltd., and the Members executed and filed the First Amendment to the Declaration of Covenants, Conditions, Easements and Restrictions for Boardwalk Center which is filed of record as Document Number 1995047050 in the Official Public Records of Williamson County, Texas. 3. On March 6, 1996, with the certification of the President and Secretary of the Association, Boardwalk Center, Ltd., and the Association executed and filed of record the Second Amendment to the Declaration of Covenants, Conditions, Easements and Restrictions for Boardwalk Center in the Official Public Records of Williamson County, Texas as Document Number 1996011498. 4. On July 25, 1996, the Association, Boardwalk Center, Ltd., Wal-Mart, and the Members executed and filed the Third Amendment to the Declaration of Covenants, Conditions, Easements and Restrictions for Boardwalk Center in the Official Public Records of Williamson County, Texas as Document Number 1996038339. 5. On January 15, 1997, the Association, Boardwalk Center, Ltd., and the Members executed and filed the Fourth Amendment to the Declaration of Covenants, Conditions, Easements and Restrictions for Boardwalk Center in the Official Public Records of Williamson County, Texas as Document Number 1997001946. 6. On December 20, 1996, the Association and Boardwalk Center, Ltd. executed and filed the Fifth Amendment to the Declaration of Covenants, Conditions, Easements and Restrictions for Boardwalk Center in the Official Public Records of Williamson County, Texas as Document Number 1996065873. 7. The preceding documents described in Paragraphs 1-6 shall be collectively referred to as the Declaration. II. RECIPROCAL EASEMENT AGREEMENT WITH COVENANTS & RESTRICTIONS 8. On May 25, 1994, Wal-Mart Stores, Inc. and Boardwalk Center, Ltd. executed and filed the Reciprocal Easement Agreement with Covenants & Restrictions in the Official Public Records of Williamson County, Texas as Document Number 1994026315. 9. On May 30, 1995, Wal-Mart Stores, Inc., Boardwalk Center, Ltd., and MB Boardwalk, Ltd executed and filed the First Amendment of Reciprocal Easement Agreement with Covenants & Restrictions in the Official Public Records of Williamson County, Texas as Document Number 1995021635. 10. On September 6, 1995, Wal-Mart Stores, Inc., Boardwalk Center, Ltd., MB Boardwalk, Ltd., Nationsbank of Texas, N.A., Chick-Fil-A, Inc., and Payless Shoesource, Inc. executed and filed the Second Amendment of Reciprocal Easement Agreement with Covenants & Restrictions in the Official Public Records of Williamson County, Texas as Document Number 1995039355. 11. On July 25, 1996, Wal-Mart Stores, Inc., Boardwalk Center, Ltd., MB Boardwalk, Ltd., NationsBank of Texas, N.A., Modernage, Inc., Chick-Fil-A, Inc., Victoria R. Schantz, Michael Hesse, Trustee for the Polly R. Merle Trust, FBO Victoria R. Schantz, and Jack Brown Family III Limited Partnership executed and filed the Third Amendment of Reciprocal Easement Agreement with Covenants & Restrictions in the Official Public Records of Williamson County, Texas as Document Number 1996038340. 12. The preceding documents described in Paragraphs 8-11 shall be collectively referred to as the REA. III. ADDITIONAL DOCUMENTS RELATING TO THE BOARDWALK CENTER 13. On June 7, 1993, H2FM, Inc. executed and filed a Declaration of Covenants, Conditions, and Restrictions in the Official Public Records of Williamson County, Texas as Document Number 1993021830. This Document may impose covenants, conditions, easements, and restrictions on parts of Lots 1 and 1A, as depicted in Exhibit A of the Declaration, in addition to the covenants, conditions, easements, and restrictions set forth in the Declaration and the REA. 14. On July 25, 1996, Boardwalk Center, Ltd. and Dell Computer Holdings, L.P. executed and filed an exchange Deed; Drainage Easement; and Covenants, Conditions and Restrictions in the Official Public Records of Williamson County, Texas as Document Number 2 1996038338. This Document may impose covenants, conditions, easements, and restrictions on parts of Lots 1 and 1 A, as depicted in Exhibit A of the Declaration, in addition to the covenants, conditions, easements, and restrictions set forth in the Declaration, and the REA.. 15. On December 9, 1997, Boardwalk Center, Ltd. and the City of Round Rock, Texas executed and filed a Water Line Easement in the Official Public Records of Williamson County, Texas as Document Number 1997056755. This Document may impose covenants, conditions, easements, and restrictions on parts of Lots 1 and 1A, as depicted in Exhibit A of the Declaration, in addition to the covenants, conditions, easements, and restrictions set forth in the Declaration and the REA. 16. On March 4, 1998, Boardwalk Center, Ltd. and RI -Rock, LLC executed and filed an Operation and Easement Agreement in the Official Records of Williamson County, Texas as Document Number 1998010443. 17. The preceding documents described in Paragraphs 13-16 shall be collectively referred to as the Additional Documents. IV. RECITAL 18. By Articles of Dissolution filed with the Secretary of State of Texas on December 31, 2002, Boardwalk Center, Ltd., the original Declarant, has ceased to exist. The rights of Declarant under the Declaration have never been formally transferred or assumed. 19. On October 31, 1996, Wal-Mart Stores, Inc. conveyed its interest in certain tracts of land, including the tract of land at the Boardwalk Center containing 21.175 acres, to Wal-Mart Real Estate Business Trust. 20. On August 10, 2005, A&B Texas, LLC conveyed a .0616 acre tract of land out of Lot 1, Boardwalk 2 Subdivision Section 6 to the City of Round Rock. 21. By this Sixth Amendment, the Association and its Members desire to do the following: a Clarify within one document which properties are affected by the Declaration; and b. Due to the dissolution of Boardwalk Center, Ltd, assign the rights of the Declarant to the Association to the extent they have not already been assigned; c. validate by the consent of the Members and of Wal-Mart Stores, Inc. the right of the Association to exercise all rights and perform all duties of the original Declarant. 22. The Declaration, the REA, and the Additional Documents referred to above are 3 not an exclusive list of all documents, covenants, conditions, easements, and restrictions that may or may not affect the Property. The Association does not warrant the accuracy or complete listing of these documents. Individual properties, plats, lots, or tracts in the shopping center may be subject to additional documents, covenants, conditions, easements, and restrictions. 23. Section 9.02 of the Declaration provides that the Declaration may be amended by an instrument setting forth the amendment executed and acknowledged by the President and Secretary of the Association certifying that such amendment has been approved under the terms and provisions of this Declaration, and with the approval of Members of the Association entitled to cast at least seventy percent (70%) of the number of votes of the Association. 24. The current Members of the Association (in the instance of one Lot having more than one Owner, while both Owners are Members of the Association, only one of the Members may exercise the voting rights on behalf of that Lot) are the following: a. Gemini Boarwalk 1, LLC and undisclosed tenants in common: b. HDRR 1-35 Partnership, Ltd.: c. State Street Bank & Trust Company, Trustee for Centre Structured Trust 10: d. Green Triangle Fund, LP: e. NationsBank of Texas, NA: f. Archland Property II, LP: g. Chick-Fil-A, Inc.: h. Victoria Schantz and the Hesse Company, Trustee for the benefit of Victoria Schantz: i. Willovic, Inc.: j. CFT Development, LLC: k. Michael E. Dyer Family, Ltd. 1. City of Round Rock 25. In consideration of the Background and Recitals, the mutual covenants and agree- ments set forth below, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties hereto agree and acknowledge as follows: 4 V. AMENDMENTS 26. The Declaration is hereby amended by revising the following defined terms contained in Section 1.01: "`Property' shall mean: (1) That certain tract of land containing approximately 37.772 acres, more or less, in Williamson County, Texas, being that certain tract of land containing approximately 58.947 acres, more or less, which was conveyed to Boardwalk Center, Ltd. and is described in that certain "Warranty Deed" which is filed of record in volume 2535, Pages 851, et seq., Official Records of Williamson County, Texas, as modified and corrected -by that certain "Correction Deed" which is filed of record in Volume 2636, Pages 62, et seq., Official Records of Williamson County, Texas, and as further modified and corrected by that certain "Second Correction Deed which is filed of record in Volume 2703, page 444, et seq., Official Records of Williamson County, Texas, save and except that certain tract of land containing approximately 21.175 acres, more or less, which was conveyed to Wal-Mart Stores, Inc. and is described in that certain "Special Warranty Deed" of record in Volume 2535, Pages 890, et seq., Official Records of Williamson, County, Texas; (2) That certain tract of land containing approximately 2.082 acres of land out of the Asa Thomas Survey Abstract No. 609, City of Round Rock, Williamson County, Texas and also being a portion of Lot 5, Corridor Park IIA, recorded in Cabinet K, Slides 311-313, Deed Records of Williamson County, Texas; and (3) That certain tract of land containing approximately 1.71 acres of land out of the Asa Thomas Survey Abstract No. 609, City of Round Rock, Williamson County, Texas and also being a portion of Lot 4, Corridor Park IIA, recorded in Cabinet K, Slides 311-313, Deed Records of Williamson County, Texas. All of which being a part of Lots 1, 1A, 2, 3, 4, 5, 6, 7, 8, 9, 10, and 11 as depicted in the Preliminary Plan (Exhibit A to the Declaration)" 27. All of the rights of the Declarant under the Declaration are assigned to the Boardwalk Center Property Owners Association, Inc. VI. ADDITIONAL TERMS 28. All of the definitions set forth in the Declaration shall have the same meaning as set forth in this Sixth Amendment, except to the extent any such definitions are revised in this Sixth Amendment. If there is any conflict between the Declaration and this Sixth Amendment, the terms of this Sixth Amendment shall control. 5 29. Except as modified, the Declaration shall remain in full force and effect in accordance with its terms. 30. This Sixth Amendment may be executed in several counterparts, each of which shall be deemed an original, and all such counterparts shall constitute one and the same instrument. A facsimile or electronic copy of this Sixth Amendment and any signatures thereon will be considered for all purposes originals. 31. If any Member is a corporation, each individual executing this Sixth Amendment on behalf of such Member represents and warrants that he is duly authorized to execute and deliver this Sixth Amendment on behalf of such Member, and that such Member is qualified to do business in the state where the Shopping Center is located, and shall deliver appropriate certification to that effect if requested. If any Member is a partnership, joint venture, or other unincorporated association, each individual executing this Sixth Amendment on behalf of such Member represents that this Sixth Amendment is binding on such Member. Finally, by affixing their signatures below, the Members, the Association, and Wal-Mart represent and warrant that the approval of no other is required to enter into this Sixth Amendment and for it to be binding on the Members and the encumbered property. 32. The President and Secretary of the Association hereby certify that the foregoing amendments have been approved under the terms and provisions of the Declaration. 33. As modified hereby, all terms and provisions of the Declaration are hereby ratified and confirmed. EXECUTED by the undersigned on the dates set forth herein below. [Signatures and acknowledgments are on the following pages.] 6 ASSOCIATION BOARDWALK CENTER PROPERTY OWNERS ASSOCIATION, INC. By: , President Date: By: , Secretary Date: THE STATE OF COUNTY OF § § § This instrument was acknowledged before me on , 2011, by , President of Boardwalk Center Property Owners Association, Inc., on behalf of said corporation. THE STATE OF COUNTY OF NOTARY PUBLIC, STATE OF § § § This instrument was acknowledged before me on , 2011, by of , on behalf of said corporation. NOTARY PUBLIC, STATE OF 7 THE STATE OF COUNTY OF § § § WAL-MART REAL ESTATE BUSINESS TRUST, successor in interest to WAL-MART STORES, INC. By: Printed Name: Title: Date: This instrument was acknowledged before me on , 2011, by of Wal-Mart Stores, Inc., on behalf of said corporation. NOTARY PUBLIC, STATE OF 8 THE STATE OF COUNTY OF § § § GEMINI BOARDWALK 1, LLC By: Printed Name: Title: Date: This instrument was acknowledged before me on , 2011, by of Gemini Boardwalk 1, LLC, on behalf of said corporation. NOTARY PUBLIC, STATE OF 9 HDRR 1-35 PARTNERSHIP, LTD. By: Printed Name: Title: Date: THE STATE OF COUNTY OF This instrument was acknowledged before me on , 2011, by of HDRR 1-35 Partnership, Ltd., on behalf of said NOTARY PUBLIC, STATE OF 10 THE CITY OF ROUND ROCK By: Printed Name: ItVt kkYWt od Title: CrktMa G� Date: '2.. •J1(-11 _d THE STATE OF 1:eVitr5" COUNTY OF Wj ki•A MS(M This instrument was acknowledged before me on / 2011, by CokVe,KIMAJO4i, ivitilAAIN of Coliof-fl1Z G , on behalf of saiorcorporation. NOTARY PUBLIC, STATE OF Te(,t(cs 11 THE STATE OF COUNTY OF § § § STATE STREET BANK & TRUST COMPANY By: Printed Name: Title: Date: This instrument was acknowledged before me on , 2011, by of State Street Bank & Trust Company, on behalf of said NOTARY PUBLIC, STATE OF 12 GREEN TRIANGLE FUND 1, L.P. By: Printed Name: Title: Date: THE STATE OF COUNTY OF This instrument was acknowledged before me on 2011, by of Green Triangle Fund 1, L.P., on behalf of said limited partnership. NOTARY PUBLIC, STATE OF 13 NATIONSBANK OF TEXAS, N.A. By: Printed Name: Title: Date: THE STATE OF COUNTY OF This instrument was acknowledged before me on , 2011, by of NationsBank of Texas, N.A., on behalf of said bank. NOTARY PUBLIC, STATE OF 14 THE STATE OF COUNTY OF § § § ARCHLAND PROPERTY II, L.P By: Printed Name: Title: Date: This instrument was acknowledged before me on , 2011, by of Archland Property II, L.P., on behalf of said limited partnership. NOTARY PUBLIC, STATE OF 15 THE STATE OF COUNTY OF § § § CHICK -Fit -A, INC. By: Printed Name: Title: Date: This instrument was acknowledged before me on , 2011, by of Chick-Fil-A, Inc., on behalf of said corporation. NOTARY PUBLIC, STATE OF 16 THE STATE OF COUNTY OF § § § VICTORIA R. SCHANTZ Date: This instrument was acknowledged before me on , 2011, by Victoria R. Schantz. NOTARY PUBLIC, STATE OF 17 THE STATE OF COUNTY OF § § § THE HESSE COMPANY By: Printed Name: Title: Date: This instrument was acknowledged before me on 2011 by of The Hesse Company, on behalf of said corporation. NOTARY PUBLIC, STATE OF 18 THE STATE OF COUNTY OF § § § WILLOVIC, INC. By: Printed Name: Title: Date: This instrument was acknowledged before me on , 2011, by of Willovic, inc., on behalf of said corporation. NOTARY PUBLIC, STATE OF 19 THE STATE OF COUNTY OF § § § CFT DEVELOPMENT, LLC By: Printed Name: Title: Date: This instrument was acknowledged before me on , 201_, by of CFT Development, LLC., on behalf of said company. NOTARY PUBLIC, STATE OF 20 MICHAEL E. DYER FAMILY, LTD. By: Printed Name: Title: Date: THE STATE OF COUNTY OF This instrument was acknowledged before me on , 201_, by of Michael E. Dyer Family, Ltd., on behalf of said partnership. endeavor\boardwalk\CCER.6th.20110112 NOTARY PUBLIC, STATE OF 21