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Res 2016-164/approving a Development Agreement between the City and Walton Texas LP, Walton Silver Crossing LP, Walton TX Austin Land LP, Walton TX Martindale LP, and Walton Texas Martindale LP 2 for approximately 2,358 acres out of the William Pettus Le
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Res 2016-164/approving a Development Agreement between the City and Walton Texas LP, Walton Silver Crossing LP, Walton TX Austin Land LP, Walton TX Martindale LP, and Walton Texas Martindale LP 2 for approximately 2,358 acres out of the William Pettus Le
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7/17/2017 4:42:31 PM
Creation date
12/20/2016 2:41:30 PM
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City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2016-164
Date
12/6/2016
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ction 17.05 Remedies Between City and Third Parties. Should any default between a third party (that is, <br /> y individual or entity other than the Primary Owner) and City remain uncured after Notice to the other as <br /> provided in Section 17.02, City may pursue the remedies listed in Section 17.04 against the third party, and the <br /> third party may pursue all remedies listed in Section 17.04 against City, except the City shall not be able to pursue <br /> the remedies of termination, rescission, or reverter, such remedies belonging exclusively to the Primary Owner. <br /> Section 17.06 No Liability For Actions of Others. Except as expressly set forth herein: (a) the liabilities, <br /> obligations and responsibilities of each owner, their successors and assigns, under this Agreement are several, <br /> and not joint; and (b) no owner, or successor or assign, of any portion of Cotton Center will be in default under <br /> this Agreement or otherwise liable or responsible for any default which is not caused by such landowner or by <br /> any person acting by, through or under such owner or successor or assign. <br /> Section 17.07 Owner Remedies for City Failure to Build Wastewater Facilities. Notwithstanding anything <br /> to the contrary contained herein, if the City refuses or is unable to build or extend facilities to provide wastewater <br /> service to the Project on a timely basis as provided in Section 12.01 above, then Owner shall be able to pursue <br /> any remedy available at law or in equity (including monetary damages)resulting from the City's failure to extend <br /> or build such wastewater facilities. In such event, said monetary damages shall be limited to the actual cost for <br /> the construction of the City wastewater facilities that are unable to be used. <br /> 39 <br />
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