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21-260921-2609 ORDINANCE NO. AN ORDINANCE OF THE CITY OF DENTON AUTHORIZING THE CITY MANAGER OR DESIGNEE, TO ENTER INTO A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF DENTON AND VV52 DENTON LP., FOR THE DEDICATION OF PARK LAND FOR A CITY PARK AT THE VINTAGE VILLAGE DEVELOPMENT; AUTHORIZING ACCEPTANCE OF LAND; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, VV52 Denton LP., (the "Developer") of the Vintage Village Development has asked consideration for approval to dedicate land. Developer intends to pay park development fees to satisfy the Park Dedication Ordinance 98-039; and WHEREAS, the City Manager recommends, and the City Council deems it in the public interest that the City enter into the Development Agreement; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The findings and recitations contained in the preamble of this Ordinance are incorporated herein by reference. SECTION 2. The City Manager is hereby authorized to execute on behalf of the City, a Development Agreement in substantially the form of the Agreement, which is attached hereto and incorporated by reference herein. SECTION 3. The City Manager is hereby authorized to receive land and to undertake the obligations as set forth in the Agreement. SECTION 4. This Ordinance shall become effective immediately upon its passage and approval. The motion to approve this Ordinance was made by R C cx-n 3,C c—((— and seconded by D!g— �C\'\©<' following vote [? - CJ ]: This Ordinance was passed and approved by the Abstain Absent Aye Nay Mayor Gerard Hudspeth: ✓ Viki Byrd, District 1: Brian Beck, District 2: Jesse L. Davis, District 3: ✓ Alison Maguire, District 4: Deb Armintor, At Large Place 5: Paul Meltzer, At Large Place 6: ✓ Abstain Absent PASSED AND APPROVED this theh ATTEST: ROSA RIOS, CITY SECRETARY APPROVED AS TO LEGAL FORM: MACK REINWAND, CITY ATTORNEY BY: day of -De C cp, c , 2021. GERARDH115SPFTH, MAYOR 0FDF�r r I � �o PARK DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (this "Agreement") is entered into between VV52 Denton LP, a Texas Limited Partner Company (the "Developer") and the City of Denton, a Texas home -rule municipal corporation (the "City") as of the Effective Date as provided below. Introductory Provisions Developer is the owner of and is currently developing a portion of a 51.808 -acre, more or less, tract of land for residential use known as Vintage Village which is located in the WM ROARK Survey, Abstract 1087, City of Denton, Denton County, Texas (the "Project"). This Project consists of one hundred -eighteen (I 18) residential lots, seven (7) homeowners association ("HOA") lots, and one (t) park land dedication lot totaling 25.414 acres. The 25.414 acre park land dedication lot is labeled Lot 1X, Block A ("Park Land Lot") on Exhibit A, attached hereto; and Developer will dedicate the Park Land Lot as parr land for public use. The Park Land Lot will be dedicated as park land by Final Plat and Special Warranty Deed and shall be recorded in the Plat Records of Denton County, Texas upon approval by the City of Denton: and Park Land Lot is more particularly depicted as Lot 1 X, Block A on Exhibit A attached to this Agreement and incorporated herein by reference; and The amount of park land dedication required by Section 22-37 of the City's Code of Ordinances for the Project is 0.825 acres; and The park development fees required by Section 22-39 of the City's Code of Ordinances for the Project total $34,338.00; and Developer intends to dedicate the park land lots to the City to satisfy the park land dedication requirement and Developer intends to pay park development fees: and Developer and the City enter into this Agreement to confirm their agreement concerning (a) the Developer's dedication of the Park Land Lot to the City, (b) the City's acceptance of the Park Land Lot, subject to compliance with conditions herein, and (c) the City's acceptance of the Park Land Lot to satisfy the park land dedication requirement in Section 22-37 of the City's Code of Ordinances. A. Agreements For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: Dedication of the Park Land Lot. Developer will dedicate the Park Land Lot shown as Lot 1X, Block A on Page I of Exhibit A, to the City. The City and the Developer will work cooperatively to process Developer's dedication of the Park Land Lot. Instruments of dedication shall be by Special Warranty Deed and by Final Plat. The City and Developer shall prepare, execute, and record all documents related to the dedication and conveyance of the Park Land Lot at the Developer's sole expense. The dedication of the Park Land Lot fulfills Developer's total park land dedication requirements for the Project, in satisfaction of Section 22-37 of the City's Code of Ordinances. Upon recording in the Plat Records of Denton County, 'Texas, the Developer shall complete the Special Warranty Deed, Exhibit" B", by Filling in the document number, signing. notarizing, and returning to City of Denton Real Estate at 401 N. Elm Street, Denton, TX 76'201. The Developer's dedication of the Park Land Lot under this Agreement is based on the type of development (single family) and the anticipated number of residential units to be developed on the Project. The Park dedication required by this Agreement for the Project was determined with the formula 2.5 acres x 118 units x 2.8 persons divided by 1,000 for 0.826 acres of land for residential property. The total park land dedication is 25.414 acres, of which 3.637 acres are non -floodplain, and 21.777 acres are in the floodplain. The City recognizes that the acreage of the Park Land Lot is in excess of the required land dedication and accepts the additional 24.588 acres in satisfaction of the park dedication required for the Project by 22-39 of the City's Code of Ordinances. Developer expressly acknowledges and agrees that both the execution of this Agreement and the transfer of the Park Land Lot is made voluntarily by the Developer and not as a requirement of the City under its Code of Ordinances, and Developer waives any claim related thereto that it may have under any theory of law against the City. 2. Park Development Fees. Park development fees for the Project amount to $34,338.00 for 1 l 8 homes at $291.00 per singlefamily unit, pursuant to Section 22-39 of the City's Code of Ordinances. Park development fees shall be imposed at the time of building permit application and shall be paid prior to issuance of building permits. 3. Park Name. Naming of the Park will be directed by Resolution Number R20-1001 as amended, which outlines the naming policy guidelines for City buildings, facilities, land, or any portion thereof. 4. Waivers. The parties hereby agree: a. Nothing in this Agreement shall be considered an illegal impact fee or exaction. The Developer agrees and stipulates that all terms of Local Government Code Section 212.904 have been met by the City and that the requirement. for Developer to dedicate the Park has been satisfied. b. Developer and its related entities, successors, and assigns release and discharge the City, its past and present employees, officers, council members, attorneys, and other agents, contractors, and representatives from any and all claims, demands, controversies, and causes of action for breach of contract, takings, exactions, claims under Texas Local Government Code Chapter 395, and claims under the Private Real Property Rights Preservation Act, Texas Government Code Chapter 2007, and all claims for reimbursements and monies that relate to this Agreement. c. Developer waives any right to appeal the requirement to construct and dedicate the Park in accordance with the terms of this Agreement pursuant to Section 22-42 of the City's Code of Ordinances. 5. Indemnification. DEVELOPER SHALL INDEMNIFY, SAVE, AND HOLD HARMLESS THE CITY, ITS ELECTED OFFICIALS, OFFICERS, AGENTS, ATTORNEYS, AND EMPLOYEES (COLLECTIVELY, THE °INDEMNITEES") FROM AND AGAINST: (I) ANY ADMINISTRATIVE OR INVESTIGATIVE PROCEEDING BY ANY GOVERNMENTAL AUTHORITY DIRECTLY OR INDIRECTLY RELATED TO A CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION, ARISING FROM DEVELOPER'S PERFORMANCE OF ITS OBLIGATIONS HEREUNDER; (II) ANY CLAIM, DEMAND, ACTION, OR CAUSE OF ACTION WHICH DIRECTLY OR INDIRECTLY CONTESTS OR CHALLENGES THE LEGAL AUTHORITY OF THE CITY OR DEVELOPER TO ENTER INTO THIS AGREEMENT; AND (III) ANY AND ALL LIABILITIES, LOSSES, COSTS, OR EXPENSES (INCLUDING ATTORNEY'S FEES AND DISBURSEMENTS) THAT ANY INDEMNITEES SUFFER OR INCUR AS A RESULT OF ANY ACTION OR OMISSION OF INDEMNITEES PURSUANT TO THIS AGREEMENT; PROVIDED, HOWEVER, THAT DEVELOPER. SHALL HAVE NO OBLIGATION UNDER THIS PARAGRAPH TO TIME CITY WITH RESPECT TO ANY OF THE FOREGOING ARISING OUT OF THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF THE CITY OR THE BREACH BY THE CITY OF THIS AGREEMENT. B. Miscellaneous I . This Agreement contains the full and complete agreement of the parties hereto, and all prior negotiations and agreements pertaining to the subject matter hereof', are expressly merged in this Agreement. Each party hereto disclaims any reliance on any facts, promises, undertakings, or representations (oral or written) made by any ether party, or his agent or attorneys, prior to or contemporaneous to the date of execution of this Agreement. 2. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executers, administrators, legal representatives, successors, and assigns. 3, All parties acknowledge that this Agreement is the result of substantial negotiation between the parties. All parties further acknowledge that each party and its legal counsel have reviewed, revised, and contributed to this Agreement; so that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not: be employed in the interpretation of this Agreement, nor any amendments or exhibits thereto. 4. In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity. illegality, or unenforceability shall not affect any other provisions thereof and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. 5. All notices required to be given under this Agreement shall be given in writing and shall be effective when actually delivered or when deposited in the United States mail, first class, postage prepaid, addressed to the party to whom the notice is to be given at the addresses shown below. Any party may change its address for notices under this Agreement by giving written notice to the other parties, specifying that the purpose of the notice is to change the party's address. For notice purposes. each party agrees to keep the other informed at all times of its current address. To City_ : City Manager City of Denton City Hall 215 E. McKinney Denton, Texas 76201 To Developer: Robert J. Betancur VV52 Denton LP 218 W. Wall St. Grapevine, TX 76051 6. This Agreement shall be construed under the laws of the State of Texas and is fully performable in Denton County, Texas. Exclusive venue for any suit to enforce the terms and conditions of this Agreement shall be a court of competent jurisdiction in Denton County, Texas. 7. This Agreement may be executed in multiple counterparts, by one or more signatories, separately and each of such counterparts shall be deemed an original for all purposes, and all such signed counterparts shall constitute but one and the same instrument. Signed to be effective the -7. 'tK day of JCZM,C , 2021 (the "Effective Date") [signatures on following page] DEVELOPER: VV52 Denton LP a Texas limited partner company BY: Vintage General LLC, Its General Partner Title CITY OF DENTON: By: 4�� Sara Hensley Interim City Manager 215 E. McKinney Denton, Texas 75201 ATTEST: ROSA RIOS, CITY SECRETARY By: —a�� APPROVED AS TO LEGAL FORM: MACK REINWALD, CITY ATTORNEY 0 THIS AGREEMENT HAS BEEN BOTH REVIEWED AND APPROVED as to financial and operational obligations and business terms. NATURE Pl4ecl`cK TITLE DEPARTMENT PRINTED NAME ACKNOWLEDGMENTS STATE OF TEXAS COUNTY OF DENTON The foregoing Development Agreement was executed before me on the!V_day of eM , 2021 by Sara Hensley, Interim City Manager of the City of Denton, a Texas home -rule municipal corporation, on behalf of said municipal corporation. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year before written. CATHERINE. MARIE WELBORN Notary Public, State of Texas .�'W r Comm. Expires 02-24.2025 Notary ID 131018469 Q�� Notary Public UJe lbdC i-) Printed Name My commission expires: 6't - ?,02X My commission is inb?j�� County. STATE OF TE COUNTY O } e for oing evelopment Agreement was executed before me on thegi day of ND 2021 by Robert J. Betancourt. the Vice President of VV52 Denton LP. IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and year before written. *�r °�e B HOPPER :° Notary 10 #123972031 N} t My Commission Expires �rFpvt`a February 28, 2025 Notary Public Printed Name 61 My commission expir ; e My commission is i 'ounty. EXHIBIT "A" 11%1\iii \ I] 1 \s,i f f' 11 1'I iI �. C I III M.. - I I —'Y rAS I ] I I J I I I I� I ' � I I I BLOCK A (PARK LAND DEDICATION LOTI ++ I , 1f + 1 1 1 ik � n�esN°� iaaisspes��r anu \ I I \ I I � I � I � I _ Vi. miy Mup 1"=21100' p1FUlalMY Iwnrelre w eauixa+r e,wi xm se.xm xo wxRnrwwox un axwLL wor w�ml11�rwaa,xw®oa laa uruv Ra R slut awitr awrxxr. 46pk+ewe rvam FINAL PLAT VINTAGE VILLAGE Park Dedfcation Lot 1X Block A (25A14 Acrea% Lola 1-21 A 22X Block B; 1-18 4 19X. Block C; Lot 1-19 & 90X Block D; Lots 1.16 & FIX Block E; Lots 1-14 & 16X Block R; Lots 1-99 A M Blocs 0: and Lot 1X Block H 118 Residelltlal Lots 8 W 1.0% Zoned: R-8 51.808 Acres In the W. ROARK SURVEY, ABSTRACT NO, 1087 CITY OF DENTON DENTON COUNTY. TEXAS JT iu rA a s.. n"r°c P.P.P.ucl. r rn.� .��w aimsr MCADAMS M.=_ cl BaBr srt a enrt: �wi-ae.as stns �'-ev acp. x.. , .xiomummee,r a�iv+�e�iv rrox ,maw, Rww6� .y,kww / _ PROJECT / I ► SITE \ 'f 110E pULEs / xn \ AS PRGPOSE. BY �iAvti*iblNb� x.rv. Vl1y II '1 \ e e 1003-xBa3 uuue.cwne `� ,we \ ctey� \ � I Vicinity MuP 1"=2000' 1.A%wroweF• z .xo• B BLOCV K \ ' ' � °� °°= :1 ' 1 °� '•��=-• Si �°' ty�° s _ �-.� �;� ,gyp �, � I �` �I ,m .\ ,=m 1➢p1 11 �.� � ;r° :.;hi'�11«w 5�—m � ,�3—�c ��'; 1 I I ,o I , yaps, 'i' t \ �,,,, I�C -' :i ^ 1 Sa v i:•WA. �1°"° __ 1-p� t: �3-'Y�-nm �l \ `t � � >I I ''Ar: aa�x ..x rt�BLOCK „fir _ _ _ ` 1 p a t awl . • 1 �-•.'' i � � � w ,°x � �� � §'� I ' «.n.,, { I.''-1 �y }�1 ~ ! 1` 1§ •�'= �`s: x;,' kn �,• .Fl ° °• i h °°° "i p _ - m% �.-.,, H ,,,, $I �s� tA> � � sT.e zT.e' ', I I , � �,Fx,o..i,. n,,.l o - x .xrF axmE.i ea : �i . .-� � `I I . vo• "-s �. � 1 � < t�� y � ,.' °»' ,.,,,s, ius�✓ _ � ,Y« � �- °;A� �- I � �' - .° ae..n� 's! — - — I r . €'- �:' r r �_ N ,. �---- ” `�w•w`��.;M�� p f,,, \ I - -tl §II IX a r I� �\ i§ i I I `s 'P;o.c. �'� \,�� «., 1 ,_} '°� -"--I ,...r x1 �1 aaI n _ I AI �•a., - - -� IF I / I -,.xEx. ` F m• x...,` A — —,•.': h e� v —•;,m ',Am I 51K,w, x n ' I I � \ ,y 'p>�'" ` � I r-,ww- ➢ I 3"--+wer - ➢p I➢ °` ,�'� ai . + ._ I a1 w.-•. _ 19 �1 I — = - o<o w;�sEx.xin- w� wit fll a I%AI �& _ y e or.? zo'o[ 1 �+"'J ' F r ,a I 1 — —,— —""°'-1 ° ➢I BLOCKC { .•,.¢x� Is I-ur , 7 rWIry 2043-2Ta ,wer— fe r i. , , v k➢I { Y AI T I IA 2r 1 I ! ala P.kA. C.I. W Sa. � _•,r.e — %I I - 1' I ➢r — I➢BTII to �1A1 I AI e i TAR 14 _ D.e• z' { _x anm „°m --'pp j I op ..uT % —•run A, i 1--e.nxwr J1 A. J NI➢ I » 19 11 II I al meuruuxrmcuxfam urr nwPwerxo wrnu.xm fes' ;�,Mi. /'}� 51 —,a>a I➢g -y y ' lax „a - e�{ - - I�ai 8;IxIRIi '��mm ��-�! l M�.wA%.UME nC1�A mrrt r� uroN ABe wwL WRUEY ooCUAF1rt. BLOCK D— •mw - -1 pI ar �..x. I 1 I % �J. a - f� J ' i 1 it —,mm — — -i➢ r — 148 IS bl A, o -,e I RI ��o $. E' 9a § son wr -L .r n w I➢ BLOCK F Ig I kl a' A • RI% pa, °•q'•b%g�\O/r as a _"S3' G";z al b— _i1�°a , ,•�zrs %Ir �.ma 1%'R Lx —n I R `" RI • x BLOCK E-.--.- :il . is C '9� --. a•,,�.m =__ I nl _ wn?4°'` � Cf �I I ! FINAL PLAT » I VINTAGE VILLA p.GEq.2a A RI Is Park Dedication Lot 1X Block A {26.414 AeresY, - W rm - - 1 ➢I I gl w °w I A 3� ii I I Las 1-21 a 22X Block B; b °�"' i L'�';nm e'p"°w„— —,xw— —„ I g➢ IF t AI ..,A ._ ! 1 a -lI .F ➢%1rI f_f ui¢\�;te x'_ za� —i Ii%Ip �]F�1�Is k,>lIL- —'";aoma—'- IgAII! "no°_ ww- -'I1➢g9I1 qI I�A %Ai~I - rPww -jIApAIan{�r . i � 116 & 18X Stock CLot 1-19 & 20X Black O; 2 aLots 1-16 & 17X Black EI Loft 1-14 a 16X Block P • Ia Lae 1-90 & 3% Black 0; and Lot 1X Stock N J L 118 Residential Lots 2J 8 XLots (7 Park Land Dedlcatlon Lot) Zoned: R-6 ! axe.I _�� Ip § ; �FMI w» si.` IFI ■.mac ;I 1 m_§' -1y- 61808 Acres nem I — 1 1.._ — — — a w — W. ROARK SUR VEY•FABSTRACT NO. 1087 eA AI ` •°• • —�, s a .•e i c - -- - ` ' . _ _ i \ — -1 -- - .. OF MNTON ,- ,„oor UENTON COUNTY. TEXAS I , l city Fvolav 4: Fv21. w&o >;ffi / , ,,p`� 11 ll II w.{ _--1 l - ,I �-I - g§;1 ➢;I�:I §i I ➢➢� i iy3 , k Age � �$9 � , Iw grE�I- m � v1l 1! c1k- iI I 214 �J T x��ea.:x.xlxarr. w SA: 49itw09 Fa.nns`�imw.sririu h 1 { §i k �� �z n 9 Is-_ l i "� a Lama n t. to- k' 6• I I I 1{ I I I l I : BLOCK GI E_ I I Y I 1 I l i t i l 1 i -I I I r i I L -I - 1- L a u1�t•to• w uT,.ss' MCiA,T�AMS �' ,�..�.a....... L Y I cc DNA. iaal xg.Rl r✓�: IrrMl +a - x°. , t SFS F�,a �a�'^arp wc, k aru erxn revsaPearr '� 3� xw Ap.P.YG �-'R P.R.O.GI. 1 xrlxwc,. I ����aFiwuw I e� fes_ l ; ' PROJECT EVOxw�. I SITE + ar. TAG£p �x„Ls.+xP I - V1N U. Bey I fAt Cmla+0.i01� � , I 1 R 3QOG.T. – „9 r - a,r Yicinily MAp 1",2D80' I �• Rr - rn n.x BLOCK I - FdCt� a� �• ��� v y ,a4i d� I or' BLOCK B ` + I ; le• °i° wv5. Is ss Is �'Q� 9.5 I we - wn,u °wE e.soKx, ? TxmPornrY 1 IY _ i _ �� ` •,P W 2a%r•� , Ewrw+anr9� e c I adY � LANE w] E 1 __ a ` RY xxE _ wxcx �wu� SOT -92935 {. Imp f YPN'Py I y a¢v.av wnierx \ I — — SuwWi�'R]a.n xu°xE x'xrtxW.- � 20' BLOCK C 2Au-zee P.R.O.C.T, T 0�.�`M' I 1 I ' � I I YY.s'I 9 I Ix1.s �I� AA Ce®CI°Newman'p'PDILP wAw Aa+Blot WRVkYA01a]YFN1axu].nC, .Gf6`l }�1 A ]is R I K y.,nw.°n° I I �I� MIIY(PANE RPIA SWE NLri BLOCK D (SIGHT IASIBILITY EASEMENT DETAIL) ,xr BLOCK Fs FINAL PLAT _ q°,l�P•'a°oy �E" In BLOCK E c I 5 + �.,ff m� a � I VINTAGE VILLAGE , -- I Park Dedication Lot 1X Block A (25A14 Acres); 1 3�g a q +I + Pc ter'° Flo Lots 1-21 & 22X, Block B; O� 5 n A t k I 1-18 &'19X. Block C; Lot 1-19 & 20X Block D; Lots 1.16 & T/X, Block E: Loft 1-14 & 16X, Block F; I Bg y x W Nq ' I Lots 1-30 & SIX, Slook G; and Lot 1X Block H = I 118 Residential Lots ! I 8 W Lots (1 Park Land Dedication Lot) Zoned: R-6 51.808 Acres Is s 15a _ _ W s« I in the W. ' X } ROARK SURVEY, ABSTRACT NO. 1987 h - u I I y ' w ^• - � �_ - s �_ _� _ - �^ - I I DENTTON COUNTY, TEXAS GLAeS cAw4 City Project #: FP21-ODSO a a4 3/4 a xxA. 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Ly ! r-. its %s @"Ya.,2 as d i' FS gya& Pfr° € 8a jikyiy$b tl filgh a3B 9' 3'n• F' Y a.x.>fr A 9 no t:; = 'S5•, .s= as . h ?63m3 $i. 1. :ani! e:§§i� �vo�m■oo■aa■e 9�9 F 00000010 IL—LOIN 000000000000 �axrexaaaad33�=�=d�>•aa ���e'sesea�i8�$�'aR's_"s?„a REMEMBER �000�QQQ�000000000�� ©®fleeeeeeao���©ooeooa EXHIBIT "B" Yll CI \I �\ \R,I-Z 0,� I � ol I. I1 EXHIBIT "B" NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOMAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER SPECIAL WARRANTY DEED STATE OF TEXAS § COUNTY OF DENTON § KNOW ALL MEN BY THESE PRESENTS That VV52 Denton LP, (herein called "Grantor"), for and in consideration of the sum of TEN AND NO/] 00 DOLLARS ($10,00), and other goad and valuable consideration to Grantor in hand paid by the City of Denton, a Texas Home Rule Municipal Corporation (herein called "Grantee"), 215 E, McKinney, Denton, Texas 76201, the receipt and sufficiency of which are hereby acknowledged and confessed, has GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SELL and CONVEY, unto Grantee all of that certain approximate 25.414 acre tract or parcel of real property, together with appurtenances thereon and improvements thereto, including; all right, title and interest in all adjacent public streets and public rights-of-way (if any). more particularly described as- Lot s Lot 1X, Block A. of the Vintage Village Addition, according to the final plat thereof recorded as Document No. 2021 -XX, Plat Records of Denton County, Texas (the "Property"). Grantor, subject to the limitation of such reservation made herein, reserves, for themselves, their heirs, devisees, successors, and assigns all oil, gas, and other minerals in, on, and under and that may be produced from the Property. Grantor, their heirs, devisees, successors, and assigns shal I not have the right to use or access the surface of the Property, in any way, manner, or form, in connection with or related to the reserved oil, gas, and other minerals, and/or related to exploration and/or production of the ail, gas and other minerals reserved herein, including without limitation, use or access of the surface of the Property for the location of any well or drill sites, well /sores, whether vertical or any deviation from vertical, water wells, pit areas, seismic activities, tanks or tank batteries, pipelines, roads, electricity or other utility infrastructure, and/or for subjacent or lateral support for any surface facilities or well bores, or any other infrastructure or improvement of any kind or type in connection with or relater[ to the reserved oil, gas, and other minerals, and/or related to the exploration or production of same. As used herein, the term "other minerals" shall include oil, gas, and all associated hydrocarbons and shall exclude (i) all substances that any reasonable extraction, mining, or other exploration and/or production method, operation, process, or procedure would consume, deplete, or destroy the surface of the Property; and (ii) all substances which are at or near the surface of the Property. The intent of the parties hereto is that the meaning of the term "other minerals" as utilized herein, shall be in accordance with that set forth in Reed v. Wylie, 597 S.W.2d 743 (Tex. 1980). As used herein, the term "surface of the Property" shall include the area from the surface of the earth to a depth of five hundred feet (500') below the surface of the earth and all areas above the surface of the earth. Grantor hereby assigns to Grantee, without recourse or representation, any and all claims and causes of action that Grantor may have for or related to any defects in, or injury to, the Property. TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurtenances thereto in anywise belonging unto Grantee and Grantee's successors and assigns forever; and Grantor does hereby bind Grantor and Grantor's successors and assigns to WARRANT AND FOREVER DEFEND all and singular the Property unto Grantee and Grantee's successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof when the claim is by, though, or under Grantor but not otherwise. f � EXECUTED the � day IV\/e"�l' X.of V �f , 2421. Rob etancur, Vice President V\15! Denton LP ACKNOWLEDGMENT THE STATE OF&['6(5§ COUNTY 0 §lo- , I Th' in trume t was acknowll�dged before m on �V� 2021 by it ►R ��e(--O� lEt Upon Filing Return 7 City of Denton Capital Projects Real Estate 401 N. Elm St, Denton, TX 76201 B HOPPER Notary 10 $123972031 My Commission Expires February 28. 2025 Property Tax Bills To: City of Denton Finance Department 215 E. McKinney Street Denton, Texas 76201 otary Puffiic,lState of Te [y commission expires: _a-Rx)v�-