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1999-082 ORDINANCE NO ~q - ~)~)~l.. AN ORDINANCE AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT ON BEHALF OF THE CITY OF DENTON WITH THE PRESERVE OF PECAN CREEK PARTNERS PROVIDING FOR THE PAYMENT OF THE COST OF CONDEMNATION FOR CONSTRUCTION OF STREET IMPROVEMENTS FROM THE PROPOSED LAKEVIEW BOULEVARD TO SHADY SHORES ROAD THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION I. That the City Manager is hereby authorized to execute an Agreement on behalf of the City of Denton w~th The Preserve of Pecan Creek Partners, substantially ~n the form of the attached Agreement which Is incorporated here~n for all purposes, providing for the payment of the costs of condemnation of certain property to allow constmchon of street improvements from the proposed Lakewew Boulevard to Shady Shores Road ~ That the City Manager is authorized to make the expen&ture of funds as provided in the attached Agreement ~T!_Q_]~I_!~ That thru ordinance shall become effective ~mmedlately upon its passage and approval PASSED AND APPROVED thls the g'~/~0~ dayof ~t~/(J-~, 1999 JAC~4'LLER, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY // APPII~VED AS TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY THE STATE OF TEXAS § AGREEMENT BETWEEN THE CITY OF DENTON AND THE PRESERVE OF PECAN CREEK PARTNERS, AND PROVIDING FOR THE PAYMENT OF COUNTY OF DENTON § THE COST OF CONDEMNATION ~I-IEREAS, The Preserve of Pecan Creek Partners, with its offices at 4000 West Windsor Drive, Flower Mound, Texas 75028, desires the City of Denton to promote safe vehicular traffic movement, compliance with subdlWSlOn regulation and econonuc development by allowing the development of The Preserve at Pecan Creek by allowing the construction of street anprovements fi.om the proposed Lakevlew Boulevard to Shady Shores Road, and WHEREAS, pursuant to Sectaon 211 002 Tex Loc Gov't Code, the City of Denton has adopted Sec 34-45 of the Subdivision Rules and Regulations, Chapter 34 of the Denton City code to reqmre developers to construct extensaons to city streets adjacent to the proposed developments, and WHEREAS, Amcle 3, Section 52-a of the Texas Constitution and Section 380 001, Tex Loc Govt Code provide the promotion of economic development as a public purpose, and Section 251 001 Tex Loc Govt Code provides Public Safety ls a pubhc purpose, and WHEREAS, The Preserve of Pecan Creek Partners wall provide for and pay the cost of all street easements necessary to provide street kmprovements from the Preserve development fi.om the proposed Lakevaew Boulevard to Shady Shores Road if the City will negotiate and purchase such easements and facthties, and WHEREAS, The Preserve at Pecan Creek Partners has been unable to purchase at fair market value the street easements necessary to provide for the off-site street faclht~es reqmred to be made, and WHEREAS, The Preserve at Pecan Creek Partners has requested, in accordance with the State law, that the City use its power of emment dommn to obtain the off-site street easements so that the reqmred street improvements may be completed, and WHEREAS, the condemnation of the land for off-site street unprovement would be in the pubhc Interest and for a pubhc purpose, NOW, THEREFORE, WITNESSETH: This agreement made this F~J~ day of~19 ~'~ by~ and between The Preserve at Pecan Creek Partners ,,"The Preserve"), affd the City of Defiton, i'exas ("City"), m consaderation of th~ mutual covenants and pmrmses of each, agree as follows I A~0rnev's Servaees. The City Attorney, with the approval of The Preserve shall retmn local counsel to provade the legal services to institute and pursue proceedings m enun~nt domain to acquire off-sate street easements to allow for the construction of street improvements by The Preserve to prowde streets fi'om the Preserve to Shady Shores Road The land to be acqmred for the street easements are described m Exbablt "A" and Exinblt "B" attached hereto and mcorpomted by reference The City Attorney shall assist local counsel m prepanng all petitions, motions, notates, and other legal documents necessary to ~mtlate and prosecute condemnation procoedlngs II, p#ymant of Condemnation Costs bv The Preserve All filing fees and courts costs, apprmser, expert witness and local counsel fees, condemnation awards, recording fees, or other cost or fees resulting from the condemnation shall be paul by The Preserve, except as otherwise provided for herein III. P~¥ment of Aeomsiflon Cost bv The Preserve. The Preserve agrees that it will pay the award for the eondenmataon made either by the Special Comnussloners, or on appeal, by judgment of the court Should the condemnation case be non-stated or dlsmassed at The Preserve's request, at any tame prior to the entenng of a judgment in tins matter, The Preserve agrees to pay any costs, assessed by the court against City including, but not hnuted to, attorney and expert witness fees of the eondemnee IV. Anneal of Commissioner's Award. If, by reason of the amount of the award made, The Preserve is obhgated to pay m satisfaction of the award any amount m excess of market value for the access easements, then The Preserve may request, in wrltang within ten days of said award, that City appeal the award made Upon such request and the City's detenmnat~on that the award was excessive, the City may, m fulfillment of its sovereignty duties and obligations wltinn its sole discretion, authorize an appeal of the award If, after The Preserve requests such appeal, City appeals the award made, The Preserve shall pay all costs of such appeal Upon final judgment of such appeal, The Preserve shall pay the judgmant of the appellant court If City should appeal such award in the absence of such request by The Preserve, The Preserve shall not be liable to City for the cost of such appeal or the amount of any judgment resulting from the appeal in excess of the mai court's judgment V. ~. The Preserve agrees that the acqmsltmn of land provided for m this agreement is for the sole purpose of allowing The Preserve and neighboring property owners to complete necessary off-site access improvements for the public purpose of promoting safe veincular traffic movement, comphance with subdlwslon rules and regulation and eeonormc development by allowing access from the tract owned by the Preserve to Shady Shores Road The Preserve agrees to hold the City harmless from, and shall mdemmfy City for, any elmm, loss or damage arising or resulting from any act of The Preserve, its agents, employees, contractors, or representatives, in acqmrmg right-of-way and consttuctmg sa~d improvements The Preserve further agrees that it shall not make any elmm against City, or hold City liable, for any loss or damage suffered or incurred by The Preserve as a result of any interruption or delay m condemning or acqumng any property necessary for The Preserve to complete any reqmred off-site access improvements resulting from any legal challenge to the right of City to condemn the land speclfted m tins agreement, or any other delay winch results from any cause not w~tinn the re, ,enable control of City VI. ~ Tl~s mstrument contains the entire agreement between the parties, and no stat~.~nent, prormse, or mducements made by any party or agent uf any party that ~s not contained m tfus written contract shall be valid or binding, and tins agreement may not be enlarged, modified, or altered except m writing signed by all the parties and endorsed hereon PAGE 2 VII. Venue. Any action at law, stat m equity or judicial proceeding for the enforcement of tNs con,'act or any prommon thereof shall be ~nst~mted only m the courts of Denton County, Texas VIII. ~_t. It ~s agreed by the pames that there wdl be no asmgnment of tins agreement w~thout the written consent to all other part,es EXECUTED on the date first above written CITY OF DENTON, TEXAS ~ ATTEST JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY THE PRESERVE AT PECAN CREEK PARTNERS ATTEST PAGE 3 EXHIBIT "A' ALL THAT CERTAIN TRACT OR PARCEL OF LAND LYING AND BEING SITUATED IN THE GIDEON WALKER SURVEY, ABSTRACT No. 1330, CITY AND COUNTY OF DENTON, TEXAS, AND BEING THE SAME (CALLED) 1.619 ACRE TRACT OF LAND DESCRIBED IN A DEED TO SHADY SHORES 1-35 JOINT VENTURE, RECORDED UNDER COUNTY CLERK'S FILE No. 95-R0053704, REAL PROPERTY RECORDS OF DENTON COUNTY, TEXAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID 1.619 ACRE TRACT, ALSO BEING THE NORTHWEST CORNER OF A TRACT OF LAND DESCRIBED IN A DEED TO JOHN L. TINNRELLO, RECORDED IN VOLUME 3363, PAGE 929, OF THE REAL PROPERTY RECORDS OF DENTON COUNTY, TEXAS, ON THE SOUTH LINE OF A TRACT OF LAND DESCRIBED IN A QUITCLAIM DEED TO THE CITY OF DENTON, RECORDED UNDER COUNTY CLERK'S FILE No. 93-R0058485, OF THE REAL PROPERTY RECORDS OF DENTON COUNTY, TEXAS; THENCE SOUTH 14 DEGREES 38 MINUTES 30 SECONDS WEST WITH THE EAST LINE OF S~IB 1.619 ACRE TRACT AND THE WEST LINE OF SAID TINNRELLO TRACT, A DISTANCE OF 539.49 FEET TO A CORNER AT THE BEGINNING OF A CURVE TO THE LEFT; THENCE WITH SAID CURVE TO THE LEFT, HAVING A CENTRAL ANGLE OF 01 DEGREE 25 MINUTES 05 SECONDS, A RADIUS OF 1017.00 FEET, AN ARC LENGTH OF 25.17 FEET, WITH A CHORD WHICH BEARS SOUTH 15 DEGREES 21 MINUTES 03 SECONDS WEST A DISTANCE OF 25.17 FEET TO THE SOUTHEAST CORNER OF SAID 1.619 ACRE TRACT AT THE SOUTHWEST CORNER OF TINNRELLO TRACT, ON THE NORTH RIGHT-OF-WAY OF SHADY SHORES ROAD; THENCE NORTH 80 DEGREES 14 MINUTES 13 SECONDS WEST WITH THE SOUTH LINE OF SAID 1.619 ACRE TRACT AND THE NORTH RIGHT-OF-WAY OF SHADY SHORES ROAD, A DISTANCE OF 120.83 FEET TO THE SOUTHWEST CORNER OF S~II) 1.619 ACRE TRACT AND THE SOUTHEAST CORNER OF A TRACT OF LAND DESCRIBED IN A DEED TO ERNEST A. TINNRELLO, RECORDED IN VOLUME 3363, PAGE 925, OF THE REAL PROPERTY RECORDS OF DENTON COUNTY, TEXAS, AT THE BEGINNING OF A CURVE TO THE RIGHT; THENCE Vs~FH SAID CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE O~F~H~ DEGREES 15 MINUTES 52 SECONDS, A RADIUS OF 897.00 FEET, AN ARC LENG OF 35.45 FEET, WITH A CHORD WHICH BEt~S NORTH 15 DEGREES 46 MINUTES 26 SECON~)S EAST A DISTANCE OF 35.45 FEET TO A CORNELS; EXHIBIT "A' (cont.) THENCE NORTH 14 DEGREES 38 MINUTES 30 SECONDS EAST WITH THE WEST LINE OF SAID 1.619 ACRE TRACT AND THE EAST LINE OF SAID ERNEST A. TINNRELLO TRACT, A DISTANCE OF 573.69 FEET TO THE NORTHWEST CORNER OF SAID 1.619 ACRE TRACT AND THE NORTHEAST CORNER OF SAID ERNEST A. TINNRELLO TRACT, ON THE SOUTH LINE OF SAID CITY OF DENTON TRACT AT THE BEGINNING OF A CURVE TO THE RIGHT; THENCE WITH SAID CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 04 DEGREES 57 MINUTES 23 SECONDS, A RADIUS OF 1442.93 FEET, AN ARC LENGTH OF 124.82 FEET, WITH A CHORD WHICH BEARS SOUTH 59 DEGREES 27 MINUTES 06 SECONDS EAST A DISTANCE OF 124.78 FEET TO THE POINT OF BEGINNING AND CONTAINING IN ALL 70,547.80 SQUARE FEET OR 1.619 ACRES OF LAND. D];~n DISPLAY "~ 5 ~-r ~" a t~ '0g'~' J -- ~,~ ~ T-iff2 72' ~''~ , ~ / / A 04 '~7'2~' / ~ '~ ~CH-]24 78' ~ ~, '~ I C~LLED I ~1 '~ ~'.~ I CA~L[D ~.~ ~. , . ~ 6.~87 AC. I '~ % A 08 04 -I .~ ¢ ~,~ ~ ~T-a~; 95' ~:l __~ ~ ~;'~ 5.257 AC. ~ e~ ~'?~ ~ ,c ?~ .~.~,oo-, '~ ~ NB0, , ~ ~-'-'~._1~ .., $~ ~ ~ gig'o} 30 ~ -~.~wu 75' - · , · -- /;o.83'--"~ / I I I~'-~ ........ ~ ~ .,, ~ .... ~5~5'~7 ~D~I Scole, I' = 200' Sheet -- ~ ~te ~ AUG. ~ 199E ~.~.~ Job No., 9652 ~,~ ~r.fled~ T.J M ~~ ;becked ~ J.S.B ORGANIZATIONAL CONSENT OF MANAGERS OF PRESERVE I DEVELOPMENT, LI,C The undersigned, being the managers of Preserve I Development. LLC, a Texas Imuted habihty company (the "Company*), do hereby consent and agree to the adoption of the following resoluUons h heu oran org~iT~tional meeting FILING OF ARTICLES OF ORGANIZATION WJ-.~"~.AS, the Articles of Organization for the Company were filed w~th the Secretary of the State of Texas on April 10, 1998, and a certified copy thereof was returned, now, therefore, be It RESOLVED, that the Articles of 0rga~7*t~on be. and the same hereby are, in all respects accepted and approved u the Articles of Orgamzat~on of the Company. and that the undersigned managers be. and the same hereby are. instructed to cause such Articles of Orga:~,~tion to be inserted m the minute book ELECTION OF OFFICERS ~. it is necessary and appropriate that the Company elect officers, now. therefore. be It RESOLVED, that the following persons be, and the same hereby are. elected as of~cers ortho Company to occupy the positions set forth oppns~te the= respective names un~ their respective successors shall be duly elected and qu,h~ied Name Office Marc Footilk President Dan Hopkins Vice President OROANIZATIONAL CONSI~TI' Ob' ~ MANAOI~RS OF PRI~SERV]~ I DIIVELOPIvIEI~, LLC - Page I #6203 4 ADOPTION OF REGULATIONS WHEREAS, a form of Regulations for the gnvemanca of the internal affairs of the Company has been presented to the undersigned Managers and have been reviewed by them, now, therefore, be it RESOLVED, that the Regulations in the form subrmtted to the undersigned Managers be, and the same hereby are, in gl respects accepted and approved as the Reguhtions of the Company, and that the undersigned Managers be, and the same hereby are, instructed to execute the Regulations, as adopted, and to cause such Reguhuons to be inserted in the minute book immediately following the Articles of Organtzat~on. ESTABLISHML:CNT OF BOOK~ AND RECORDS WI-~ -REAS, it is in the best interest of the Company to procure books and supphes for the maintenance of records of the Company, now, therefore, be st RESOLVED, that the undersigned Managers of the Company be, and the same hereby are, authorized to procure books and suppbes for the mamtenance of records ofthe Company and are instructed to maintain proper records and books for the Company FORM OF MEMBERSHIP CERTI~CATE WHEREAS, a proposed form of certificate representing a membership interest in the Company has been presented to the undersigned Managers, now, therefore, be It RESOLVED, that the form of cartd]cate presented to the undersigned Managers representing a membership hterest h the Company be, and the same hereby is, in gl respects, approved and adopted as the form of Certificate to represent a membership interest in the Company;, and that the undersigned Managers of the Company be, and the same hereby are, instructed to insert a specimen copy thereof in the minute book ISSUANCE OF CERTIFICATES TO MEMBERS WHEREAS, ~t is necessary and appropriate for the Company's members to have membership WHEI~,AS, WRC Westover, lac ("WRC') and Hahar Texas, Inc ('HI'I") each dele to OROANIZA~ON~ CONSIST O~ THE I~dANAOER$ OF PRP.,S~ I DEVELOP, LLC - P~ 2 #6203 4 obtain a membershp iraerest certificate in the Company ewdencmg their imual contribution, in cash, to the capital of'the Company; now, there,'ore, be it RESOLV]~D, that in consideration for the in/rial capital conm'butlons of WRC and HTI (as resp~iv~ly ~ forth in Article VII of the Regula~ons), ~he Company msue a corhflcate to each such member evldancmS theh' respective membership interest m the Company;, and, be it FURTHER RESOLVED, that the undemgned Managers ofthe Company be, and the same hereby are &rected to execute and cause to be executed, and dehver and cause to be delivered to WRC and HTI, certificates of the Company representing the respective membership interest of each such person in the Company, and, be it PURTH'~ RESOLVED, that the certificates ~ssued pursuant to these resolutions be, and the same hereby are, offered and sold to WRC and HTI, in rehance upon exemptions fi.om registration under the Securities Act of 1933 and the Texas Secuntlas Act, and, m connection therewith, certain rastri~ons and hmltations on the offer, sale and transfer by the holder thereof shall be imposed and enforced by the Managers of the Company as set forth in the Reguhtions, and, be it FURTHER I~SOLVED, that the undersigned Managers and the same hereby are authorized and directed for and on behalf of the Company to place restrictive legends on the membership certificates issued hereunder, and to place stop transfer instructions in the transfer records of' the Company BANK ACCOUNT WHEREAS, in order to place the Company's business m order, ~t ~s necessary and appropnate that the Company open a bank account and designate the persons permitted to msn checks on or othervas~ withdraw funds fi.om such account, now, therefore, be It RESOLVED, that the Company open a corpome bank account at such bank, savings and loan association or o~her financial institution as the undersigned Managers of the Company, in then' sole discretion, shall deem appropriate, and, be it FURTHER RESOLVED, that the undersigned Managers be, and the same hereby are, authonzed, empowered and directed to write checks on such account on behalf of the Company, and, be it FURTH]~ RESOLVI/D, that the unders/gned Managers of the Company be, and the same hereby ere, authorized, empowered and du'ected to execute any form of resolution OROA.NIZATIONAL CONSENT OF THE MANAOI~RS OF PP~SER~ I D~,~- ~ 3 //6203 4 requh'ed by suoh bank, savings and loan assooiauon or other financial institution for the opening or maintanance of`such accoont and to des,gnate the persons authorized to write ~ on suoh aocount on behalf of the Company and such resoinuons are deemed adopted h~reby as if set forth in ~!1 herein and moorporated by reference FISCAL YEAR WI.IEREA~, it is the best interests of`the Company to adopt a fiscal year;, therefore, be it RESOLVED, ihat the ~scal year o£the Company shah commence on January I of` eaoh calendar year and end on the succeeding December 31, except that the trst fiscal year of`the Company shall be~in as of the date hereof ORGANIZATIONAL EXPENSES WI~-~, it is in the best interests of'the Company to prowde for the payment of'the expenses of orga~i-nlion of`this Company, now, therefore, be n RESOLVED, that the undersigned Managers of'the Company be, and hereby are, authorized and directed to pay the expenses of`orgnntzation of the Company FURTHER INSTRUCTIONS TO MANAGERS RESOLVED, that the undersigned Managers of' the Company be, and the hereby are, authorized, empowered and directed to execute and deliver all documents, instruments and other agreements, to waive any and all conditions and to do all things necessary and helpful to carry out the purposes of' the foregoing resolutions, and all acts and deeds of` the undersigned Managers of`the Company which are consistent vath the purpose and mtant of the above resolutions be, and the same hereby are, m all respects, ratttled, approved, and adopted as the acts and deeds of`the Company I~ WITleSS 'WI-IF_.REOF, the undersigned have executed this Organizational Consent of Managers as of`this 10th day of`April, 1998 .nnglr, Manager OROANIZATIONAL CON~,~T Ol~ TIIE MANAOER~ O~ ~VE I DEVELOPIvlI~'T, I. LC. Pap 4 #6201 4