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Res 2018-199/approving a First Amended and Restated Development Agreement with LaSalle Holdings, LTD. in connection with the development generally located north of Yarrington Road, east of Interstate 35 and west of State Highway 21 that, among other thin
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Res 2018-199/approving a First Amended and Restated Development Agreement with LaSalle Holdings, LTD. in connection with the development generally located north of Yarrington Road, east of Interstate 35 and west of State Highway 21 that, among other thin
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2/7/2020 10:08:02 AM
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Agreement
Number
2018-199
Date
10/16/2018
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would have the effect of increasing Owners' obligations or decreasing Owners' <br />rights and benefits under this Agreement. This Agreement on the part of the City <br />will not apply to temporary moratoriums uniformly imposed throughout the City and <br />ETJ due to an emergency constituting an imminent threat to the public health or <br />safety, provided that the temporary moratorium continues only during the duration <br />of the emergency or a moratorium authorized by Subchapter E, Chapter 212 of the <br />Texas Local Government Code. However, the parties recognize that the City is not <br />providing any essential public facilities such as water, sewer or roadways. <br />2.04 Exhibits/Amendment <br />All exhibits attached to this Agreement are incorporated into and made a part of <br />this Agreement for all purposes. The paragraph headings contained in this <br />Agreement are for convenience only and do not enlarge or limit the scope or <br />meaning of the paragraphs. Wherever appropriate, words of the masculine <br />gender may include the feminine or neuter, and the singular may include the <br />plural, and vice -versa. Each of the Parties has been actively and equally <br />involved in the negotiation of this Agreement. Accordingly, the rule of <br />construction that any ambiguities are to be resolved against the drafting Party will <br />not be employed in interpreting this Agreement or its exhibits. This Agreement <br />may be executed in any number of counterparts, each of which will be deemed to <br />be an original, and all of which will together constitute the same instrument. This <br />Agreement will become effective only when one or more counterparts, <br />individually or taken together, bear the signatures of all of the Parties. <br />Due to the fact that the Project comprises a significant land area and its <br />development will occur in phases over a number of years, modifications to the <br />Conceptual Plan and other attachments to this agreement may become <br />necessary due to changes in market conditions or other factors. In order to <br />provide flexibility with respect to certain details of the development of the Project, <br />Owners may make minor changes to the attachments of this agreement with <br />approval by the City Planning Director. A minor change may be approved if it <br />does not materially affect or change this agreement by more than 10% for factors <br />such as, but not limited to: building materials in the pattern book and the <br />repurposing of water bodies to recreational areas. Other changes shall be <br />deemed a Major Change as determined by the Planning Director. The Owners <br />may appeal this determination to the City Manager within 10 days of the date of <br />notification of the decision. <br />All major changes shall be presented to the City Council for review and final <br />approval as an amendment to this agreement in accordance with the procedures <br />established in the City's Land Development Code. Major changes shall consist of <br />changes that do not fall within the definition of a minor change and shall consist <br />of, but are not limited to: the addition of land area, density beyond what is <br />10 <br />
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