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HomeMy WebLinkAboutCity Council Resolutions (R-98-1436)-11/17/1998 RESOLUTION R-98-1436 WHEREAS, La Hacienda Ranch has requested the refund of $3,500.00 deposited with the City of Colleyville for the future construction of a sidewalk along S.H. 121, and WHEREAS, the City Council agrees that this refund can be made on the condition that La Hacienda Ranch execute a City-Developer Agreement guaranteeing the construction of this sidewalk upon demand by the City, and WHEREAS, the City Council on November 17, 1998, held a public hearing on the above request and received comments from all persons wishing to speak on the request. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE, TEXAS: Sec. 1. THAT the City Council refund $3,500.00 to La Hacienda Ranch and authorize the execution of a City-Developer Agreement guaranteeing the future construction of this sidewalk by La Hacienda Ranch. AND IT IS SO RESOLVED. Passed by a vote of ~ ayes, ..l2. nays, and ~ abstentions on this the 17th day of November 1998. ;J~ n Harris, CMC Ity Secretary CITY OF COLLEYVILLE: <T2JA ilk--- Richard Newton Mayor CITY OF COLLEYVlLLE CITY-DEVELOPER AGREEMENT La Hacienda Ranch Addition, Lot 1, Block 1 Sidewalk Construction That, Colleyville Ranch, Inc., (La Hacienda Ranch) hereinafter called "Developer" and the City of Colleyville, Tarrant County, Texas hereinafter called "City", enter into the following Agreement. In consideration of the mutual covenants herein contained and for Lot 1, Block. 1, La Hacienda Ranch Addition, an addition to the City of Colleyville, Texas, as filed of record in Cabinet A, Slide 3308, of the Plat Records of Tarrant County, Texas, the parties hereto do agree: 1. Upon demand by the City, the Developer agrees to construct a sidewalk, per City specifications, along the frontage of S.H. 121. 2. The $3,500.00 previously deposited in escrow by La Hacienda Ranch will be refunded to the Developer. 3. The Developer understands that he has no authority to cancel or amend the terms of the Agreement without specific written authority of the City. 4. If for any reason the ownership of the property should change, it is agreed that these conditions will automatically pass from this Developer to the next and the City will require proper signatures of the new "developer' agreeing to the terms of this Agreement. IN WITNESS WHEREOF, the parties to these presents have executed this contra~in three (3) ~unte~arts, each of which shall be deemed an original on this the } 7 - day of vun if ,1998. - Colleyville Ranch, Inc. La Hacienda Ranch CITY OF COLLEYVILLE ~-- DEVELOPER