2014-190s:\legal\our documents\ordinances\14\exhibit 3- ordinance amending gtm grant agreement.docx
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THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Manager, or his designee, is hereby authorized to execute an
Amendment to Econamic Development Program Grant Agreement (the 66Amendment"), in
substantially the farm of the Amendment which is attached hereta and made a part of this
ordinance for all purposes.
SECTION 2. The City Manager, or his designee, is authorized to exercise the City of
Denton's rights and duties as set forth in the Amendment.
�� ;(::''�"ION 3. This ordinance shall become effective immediately upon its passage and
approval.
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C�. `��lS WATTS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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BY: `
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APPR(� �,� Ab��� �'T{� LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
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STATE OF TEXAS
COUNTY OF DENTON
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June 3, 2014
�1���[�st�CN'l"'�'�� 1:�'.�3l�OMIC �lia"��I..C)I�IL�I:�"4" 1'1�C}�3����5�!1 �I�f��I'1" AC,�1?�::MT�I�,
WITH GTM DEVELOPMENT. LTD.
This Amendment to the Economic Development Program Grant Agreement with GTM
Development, Ltd. is made and entered into as of the/��lay of �%G(,ll,� , 2014, by GTM
Development, Ltd., and the City of Denton, Texas, a Texas municipal corporation (the "Citv"),
Grantee and the City are individually referred to as a"Party" and collectively as the "Parties."
WHEREAS, on
Economic Development
"A�reement");
August 16, 2011, Grantee and the City entered into that certain
Program Grant Agreernent with GTM Development, Ltd. (the
WHEREAS, capitalized terms used but not defined in this Amendment shall have the
meanings given to them in the Agreement; and
WHEREAS, the Parties desire to amend the Agreement to extend the investment deadline
to October 1, 2015.
NOW THEREFORE, for good and valuable consideration the receipt and adequacy of
which are hereby acknowledged, the Parties agree to amend the Agreement as follows:
l. Deadline. All references in the Agreement to October 1, 2014, are hereby
amended to read October 1, 2015.
2. Bindin Effect. This Arnendment will be binding upon and will inure to the
benefit of the Parties and their respective successors and permitted assigns.
3. Counterparts. This Amendment may be executed in one or more counterpart
copies, all of which will constitute and be deemed an original, but all of which together will
constitute one and the same instrument binding on the Parties. Delivery by facsimile or
electronic mail of this Amendment or an executed counterpart hereof will be deemed a good and
valid execution and delivery hereof.
Page 1
EXHIBIT 3
June 3, 2014
G 11V1 LL' V ELoP1r1L` 1\ 1 y L 1 �.�
A Texas limited partnership
By: CHV Management One, LLC
A Texas 1i�n�rit�t� liability cc��a ����-�y �`�'�
General 1;��;�� s�tJ �°
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EXHIBIT 3
June 3, 2014
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STATE OF �e�S )
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COUNTY OF k/Gi � �G{�� )
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This instrument was ACKNOWLEDGED before me on �U� � '�°� `, by
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Herbert D. Weitzman, the Manager of GTM DEVELOPMENT, LTD, a Texas limited
partnership, in its capacity as the General Partner of CHV Management One, LLC, a Texas
limited liability company, on behalf of the limited partnership and the limited liability company.
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This instrument was ACKNOWLEDGED before me on �- '��� � ����� by
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capacity as the General Partner of CHV Management One, LLC, a Texas limited liability
company, on behalf of the limited partnership and the limited liability company.
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GEORGE C. CAMPBELL, CITY MANAGER
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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�,,�I �"� BURGESS, CITY ATTORNEY
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STATE OF TEXAS
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This instrument was ACKNOWLEDGED before me
George C. Campbell, City Manager of the City of Denton
Denton, Texas.
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