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2009-095ORDINANCE NO. 2009- AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING AND APPROVING A FIRST EXTENSION TO THE "AGREEMENT BY AND BETWEEN THE CITY OF DENTON, TEXAS AND DENTON 288, L.P. FOR THE PROVISION OF SANITARY SEWER AND WATER FACILITIES" ENTERED INTO BY THE PARTIES ON THE 5TH DAY OF JUNE, 2007; PROVIDING THE CITY MANAGER WITH AUTHORITY TO PERFORM SAID FIRST EXTENSION AND TO EXPEND FUNDS AS NECESSARY; PROVIDING AN EFFECTIVE DATE; WHEREAS, the City of Denton, Texas and Denton 288 L.P., a Texas Limited Partnership have entered into a "First Extension to the Agreement by and between the City of Denton, Texas and Denton 288, L.P., a Texas Limited Partnership" (hereafter the "First Extension") for a further two-year term, from and after June 5, 2009 providing for the mutual costs and responsibilities of the parties regarding their mutual obligations regarding the furnishing of sewer and water facilities in a certain approximate 2121 acre tract of land, within the City of Denton, commonly known as the "Hills of Denton;" and WHEREAS, the City believes that the First Extension is in the best interests of the City and provides for the measured water and sewer growth of a new development north of the City of Denton, and further that a valid governmental purpose is served by said First Extension; NOW THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The City Manager is hereby authorized to execute a "First Extension to the Agreement by and between the City of Denton, Texas and Denton 288, L.P., a Texas Limited Partnership" for a period of an additional two-years from and after June 5, 2009 and ending on June 5, 2011, regarding that same real property more particularly described in the "Agreement by and between the City of Denton, Texas and Denton 288, L.P. for the Provision of Sanitary Sewer and Water Facilities" in substantially the form of the First Extension which is attached hereto and made a part of this ordinance for all purposes; as well as to exercise all rights and duties of the City of Denton, Texas under the First Extension. SECTION 2. The City Manager is hereby authorized to expend funds as necessary as provided for in the First Extension. SECTION 3. This ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the S~ ~ day of '2009. atAB OU H , YOR ATTEST: JENNIFER WALTERS, CITY SECRETARY By: APPR ED A O LEGAL FORM: ANITA BURGESS, CITY ATTQRNEY By: Page 2 STATE OF TEXAS COUNTY OF DENTON FIRST EXTENSION TO THE AGREEMENT BY AND BETWEEN THE CITY OF DENTON, TEXAS AND DENTON 288, L.P. FOR THE PROVISION OF SANITARY SEWER AND WATER FACILITIES This FIRST EXTENSION, is made and entered into this thes~ay of , 2009, but is effective from and after the 5t' day of June, 2009, by and between the City of Denton, a Texas municipal corporation, with its principal offices at 215 East McKinney, Denton, Texas 76201, hereinafter referred to as "City"; and DENTON 288, L.P., a Texas Limited Partnership with its principal offices at hereinafter referred to as "Developer." WITNES SETH WHEREAS, City and Developer find it necessary and appropriate to agree to this First Extension to the "Agreement by and between the City of Denton, Texas and Denton 288, L.P. for the Provision of Sanitary Sewer and Water Facilities" (hereafter the "Agreement") heretofore entered into by the parties on the 5t' day of June 2007; and WHEREAS, this First Extension will extend the applicable provisions of the June 5, 2007 Agreement, from and after June 5, 2009, the end of the agreement's primary term, for a period of two additional years, until June 5, 2011; and WHEREAS, City and DENTON 288 are willing to extend the term of said Agreement so that development of the affected real property may continue to be pursued under the terms of the June 5, 2007 Agreement; and NOW, THEREFORE, in consideration of the promises and the mutual obligations herein, the parties hereto do hereby mutually AGREE as follows: 1. This First Extension shall be for a term of an additional twenty-four (24) months, beginning effective June 5, 2009 and ending on June 5, 2011. This First Extension may terminate sooner in accordance with the provisions of the Agreement of June 5, 2007. 2. Full and accurate records shall be maintained by Developer at its place of business with respect to all matters covered by the Agreement and this First Extension. Such records shall be maintained by Developer for a period of at least three (3) years after the date of termination of this First Extension. 3. City and Developer agree that they will use their best efforts to resolve any dispute(s) regarding the Agreement and First Extension, through the use of negotiation. In the event that the dispute(s) cannot be resolved, then the parties agree that mediation or other forms of alternate dispute resolution as are set forth in Chapter 154 of the Texas Civil Practice and Remedies Code shall be pursued. 4. Unless expressly modified by this First Extension all of the terms and provisions of the "Agreement by and between the City of Denton, Texas and Denton 288, L.P. for the Provision of Sanitary Sewer and Water Facilities" shall remain in full force and effect. 5. This First Extension shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, executors, administrators, legal representatives, successors, and assigns where permitted by this Agreement. IN WITNESS WHEREOF, the City of Denton, Texas, has caused this Agreement to be executed by its duly authorized City Manager; and Developer has ,executed this Agr ement through its duly authorized undersigned partner, dated this the 2/-9-'day of 2009; but to be effective, confirmed and ratified as of the 5t' day of June, 2009. "CITY" CITY OF DENTON, TEXAS A Texas Municipal Corporation By *GOR E C. CAMPBELL, CITY MANAGER ATTEST: JENNIFER WALTERS, CITY SECRETARY By: L-- I OL L& -4--) APP VEDA TO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY By: "DEVELOPER" DENTON 288, L.P. A Texas d Pa rship 3y ec: as GP, IG ~r Gc c:rta~ An-r..rt By: GLr'~E'S D o~+ OE !LC ATTEST: By: