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Res 2025-043 approving an amended development agreement (Riverbend Ranch / Baugh Ranch / Riley’s Point) with HK Baugh Ranch, LLC, HK Riley’s Point, LLC, HK Real Estate Development, LLC, and Jack’s Reservs
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Res 2025-043 approving an amended development agreement (Riverbend Ranch / Baugh Ranch / Riley’s Point) with HK Baugh Ranch, LLC, HK Riley’s Point, LLC, HK Real Estate Development, LLC, and Jack’s Reservs
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5/30/2025 8:56:35 AM
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5/23/2025 8:43:45 AM
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City Clerk - Document
Resolutions
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Approving
Number
2025-043
Date
3/4/2025
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ARTICLE X. <br /> DEFAULT AND REMEDIES FOR DEFAULT <br /> Section 10.01 Preventative Default Measures. The City agrees that day-to-day oversight <br /> of the implementation of this Agreement shall at all times during the term of this <br /> Agreement be assigned directly to the Director or its designee. In the event of a dispute <br /> involving an interpretation or any other aspect of this Agreement, upon an Owner's or <br /> Developer's request, such City representative shall convene a meeting of the Parties as <br /> soon as reasonably practicable and use all reasonable efforts to avoid processing delays <br /> and to resolve the dispute and carry out the spirit and purpose of this Agreement. For <br /> avoidance of doubt, this provision is intended to provide efficiencies in the oversight and <br /> administration of development pursuant to this Agreement; this provision is not <br /> intended to limit or prevent communications and/or meetings with,or seeking approvals <br /> from, any other member(s) of City staff. <br /> Section 10.02Default and Notice of Default. It shall be a default under this Agreement <br /> if one of the Parties shall fail to perform any of its obligations under this Agreement and <br /> such failure shall remain uncured following the expiration of thirty(30)days after written <br /> Notice of such failure. However, in the event the default is of a nature that cannot be <br /> reasonably cured within such thirty (30) day period, the defaulting Party shall have a <br /> longer period of time as may be reasonably necessary to cure the default in question. <br /> Section 10.03 Default Unique to City. In addition, the City shall be in default under this <br /> Agreement if Owner or Developer submits a complete application for a proposed <br /> development permit, utility service extension, or other development approval with <br /> respect to the Property that complies with the terms of this Agreement, and, after <br /> reasonably adequate time for review and processing, City staff unreasonably withholds <br /> the approval or release of the proposed development permit, utility service extension, or <br /> development approval that City staff is authorized to approve administratively. The <br /> failure or refusal of City Council or any board or commission of the City to approve a <br /> proposed development permit, utility service extension, or other development approval <br /> with respect to the Property that complies with the terms of this Agreement within a <br /> reasonable time after submission of a complete application shall constitute a default. The <br /> City shall also be in default if it imposes any requirements, standards, moratoria, or <br /> interim development controls upon the Property that are in conflict with the express <br /> provisions of this Agreement. <br /> Section 10.04 Remedies. If the defaulting Party does not substantially cure such default <br /> within the stated period of time, a non-defaulting Party may, in its sole discretion, and <br /> without prejudice to any other right under this Agreement, at law, or in equity, seek any <br /> relief available at law or in equity, including specific performance, mandamus, and/or <br /> injunctive relief; provided, however, that the City shall not be entitled to rescind or <br /> otherwise terminate this Agreement. The City hereby waives any sovereign immunity <br /> 21 <br />
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