HomeMy WebLinkAboutCity Council Resolutions (R-89-426)-12/31/1989
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I
l~O ACTION TAKEN
RESOLUTION NO. R-89-426
WHEREAS, the City, in November of 1986, enacted Ordinances
requiring the payment of fees upon the issuance of
building permits to finance roadway and water system
improvements to the City, ("impact fees"), and
WHEREAS, Cole has made an application to the City requesting
adjustment of impact fees; and
WHEREAS, part of the claim of Cole has been disposed of as a
result of the settlement agreement entered into by
the City of Colleyville and the Builders Association
of Fort Worth and Tarrant County on March 7, 1989,
("Builders Agreement"), and
WHEREAS, the city and Cole wish to fully, finally and forever
settle all matters in controversy between them
dealing with the disppoition of, the collection of,
or assessment of impact fees,
WHEREAS, a Release and Settlement Agreement has been prepared
between the City and Cole which is satisfactory to
the parties,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS AS FOLLOWS:
Sec. 1:
That the City enter into the Release and Settlement
Agreement, a true and correct copy of which is
attached hereto as Exhibit "A" between the City of
Colleyville, Southcreek, Inc., Emerald Green Limited,
and Larry Cole, and that the Mayor is hereby
authorized and directed to execute said written
agreement on behalf of the City.
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AND IT IS SO RESOLVED.
Passed by a vote of
ATTEST:
LaVada Johnson
city Secretary
to
I 1989.
APPROVED AS TO LEGAL FORM:
Ross T. Foster
City Attorney
T'
on this
day of
CITY OF COLLEYVILLE
J. R. Hubbard
Mayor
NO ACTION