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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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Approving
Number
2025-043
Date
3/4/2025
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annexed and/or zoned. If there is any conflict or inconsistency between the provisions of <br /> this Agreement and otherwise applicable City ordinances,rules,or regulations,the terms <br /> of this Agreement control. <br /> Section 11.18 Memorandum of Agreement. Contemporaneously with the execution of <br /> this Agreement, the Parties agree to sign a memorandum of agreement in the form <br /> attached as Exhibit H to be recorded in the Official Public Records of the County. <br /> Section 11.19 Agreement. This Agreement specifically supersedes and replaces that <br /> Original Agreement dated effective December 7, 2021. <br /> Section 11.20 Statutory Verifications. <br /> (a) Anti-Boycott Verification. Pursuant to Chapter 2271 of the Texas Government <br /> Code, as amended, the Developer and Owners each verify that at the time of <br /> execution and delivery of this Agreement and for the term of this Agreement, <br /> neither it nor any wholly owned subsidiary, majority-owned subsidiary, parent <br /> company or affiliates boycotts Israel or will boycott Israel. The term "boycotts <br /> Israel" and"boycott Israel" as used in this paragraph has the meaning assigned to <br /> "boycott Israel" in Section 808.001 of the Texas Government Code, as amended. <br /> (b) Foreign Terrorist Organizations. Pursuant to Chapter 2252 of the Texas <br /> Government Code, as amended, the Developer and Owners each represent and <br /> verify that at the time of execution and delivery of this Agreement and for the term <br /> of this Agreement, neither it nor any wholly owned subsidiary, majority-owned <br /> subsidiary, parent company or affiliates (a) engages in business with Iran, Sudan, <br /> or any foreign terrorist organization as described in Chapters 806 or 807 of the <br /> Texas Government Code, or Subchapter F of Chapter 2252 of the Texas <br /> Government Code, or (b) is a company listed by the Texas Comptroller of Public <br /> Accounts under Sections 806.051, 807.051, or 2252.153 of the Texas Government <br /> Code. The term "foreign terrorist organization' in this Section has the meaning <br /> assigned to it in Section 2252.151 of the Texas Government Code. <br /> (c) No Boycott of Energy Companies. By signing and entering into the Agreement, <br /> Developer and Owners each verify, pursuant to Chapter 2274 of the Texas <br /> Government Code (as added by Senate Bill 13, 87th Texas Legislature, Regular <br /> Session), it is not a Company that boycotts energy companies and agrees it will not <br /> boycott energy companies during the term of this Agreement. The terms"boycotts <br /> energy companies" and"boycott energy companies" have the meaning assigned to <br /> the term "boycott energy company' in Section 809.001, Texas Government Code. <br /> For purposes of this paragraph,"Company" means a for-profit sole proprietorship, <br /> organization, association, corporation, partnership, joint venture, limited <br /> 26 <br />
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