HomeMy WebLinkAboutResolution 2006-091RESOLUTION NO. 2006-091
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS, THAT:
1.
The City Manager be, and is hereby authorized to execute the attached City-
Developer Agreement with Richland Retail, L.P. for the purpose of receiving the
Developer's financial contribution for future improvements to Shady Grove Road as an
act and deed of the City.
PASSED AND APPROVED this the 13th day of November, 2006.
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,~_ ~ ~ ~ ~,~ O car Trevino, Mayor
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,City Secretary
APP R AND LEGALITY:
George A. Staples, City Attorney
APPROVED AS TO CONTENT:
ike Curtis, P.E., Public Works Director
CITY-DEVEL(aPER AGREEMENT
This agreement is made by and between the City of North Richland Hills, Texas ("City"}
a Texas municipality acting by and through its duly authorized City Manager and Richland
Retail, L.P. ("Developer") a Texas Limited Partnership acting by and through its General
Partner, Jasmine Investments, LLC, for the purpose of documenting their agreement for
construction by Developer of 1,300 Linear Feet of Shady Grove Road as a condition of
development of property known as Brentwood Estates Addition, Block 5, Lots 1, 2R-l, 2R-Z and
ZR-3 an addition to the City of North Richland Hills, Tarrant County, Texas with City
participation in the cost of such road.
WITNESSETH
For and in consideration of the mutual undertakings herein set forth, the parties agree as
follows:
1, City agrees to reconstruct to City standards and specifications a 1,3Q0 linear foot section
of Shady Grove Road (the "Street") from the Summit Bank drive approach located
approximately 300 feet West of Davis Boulevard to the West property line of Lot 1, Block 5,
Brentwood Estates Addition to the City of North Richland Hills, Tarrant County, Texas as such
Lot is shown on the approved at the August 9, 1999 City Council meeting of the City of North
Richland Hills. Such Street is classified as a Minor Collector street on City's Master
Thoroughfare Plan and shall be constructed in accordance with such plan with curb and gutter to
a width of 44 feet as measured from face of curb. Such construction shall commence at such
time as City acquires right of way on the opposite side of such road from DeveIoper's property.
Such Street is an infrastructure improvement required for development of the property being
platted by Developer.
2. The City's licensed professional engineer has determined that Developer's roughly
proportionate share of the cost of such infrastructure improvement is $75,040.
3. Developer agrees to pay City $275,004 within thirty (34) days of the approval of this
Developer Agreement.
4. Developer agrees to construct the public improvements and the access drive between Lot
1 and 2R-3 prior to the development of either lot.
5. It is further agreed that no permits will be granted for the construction of improvements
unless and until the expiration of thirty {34) days of the approval of this Developer Agreement
without a court challenge to any provision of this Developer Agreement.
Agreed effective November ] 3, 200b.
Richland Retail, L.P.
By: Jasmine Investments, LLC, its general partner
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Jessie Man , sent
City of North Richland Hills
by:
Larry J. Cunningham, City Manager
Map prepared by NRH PW Dept.
LOCATION MAP FOR
BRENTWOOD ESTATES
SHADY GROVE ROAD
SHADY GROVE ROAD
CHlLI'S
BRENTWOOD ESTATES RESTAURANT
LOTS 1 & 2 -BLOCK 5
CHASE
BANK
NORTH TARRANT PARKWAY
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