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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and regulations of the State of Texas. The City has consented to the creation of the districts, adopted ordinances evidencing such consent, and approved a Consent Agreement for each district(collectively, the"Consent Agreements"). E. Owners, Developer and the City have held discussions regarding the long-term development of the Property and desire to define, protect, and clarify the City's jurisdiction and regulatory authority with respect to the Property through this Agreement, which is intended to create a program for annexation of the Property by the City, establish certain restrictions and commitments imposed and made by the Parties in connection with the development of the Property, provide increased certainty to the Parties concerning the development approval process and development requirements of the City, and identify land uses and other aspects of the Project. F. Pursuant to Chapter 242 of the Texas Local Government Code, the City has concurrent jurisdiction with the County(as hereinafter defined) over subdivision platting and all related permits for the Property. As required by Chapter 242, the City and the County have entered into the Interlocal Agreement (as hereinafter defined) relating to subdivision regulation in the extraterritorial jurisdiction of the City. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions contained in this Agreement, and other good and valuable consideration, the Parties agree as follows: ARTICLE I. DEFINITIONS Section 1.01 Definitions. In addition to terms defined elsewhere in this Agreement, each of the following terms shall have the meanings set forth below: "Building Code" means the International Building Code 2015 Edition. "Certified Inspector" means Bureau Veritas, or any other independent certified state- licensed inspector as agreed to in writing by Owners or Developer and the City to inspect Vertical Improvements as to their conformity with the Building Code. "City Council" means the City Council of the City or its successor governing body. "City Development Regulations" means the City Code of Ordinances, as may be amended from time to time, other than the Subdivision Regulations and the Design Criteria,laws,regulations,manuals,administrative rules,and policies, as they may affect or regulate land development within the Property. "City Manager" means an official appointed as the administrative manager of the City. 2