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HomeMy WebLinkAboutLegal Documents SURETY BOND Number OB22034 r KNOW ALL MEN BY THESE PRESENTS, that Ricky Miller, Inc. dba Sneakers , as Principal, and Arntex Insurance Company , as Surety, are held and firmly bound .unto City of College Station, TX , asObli gee, for the sum of Th i rty Thous and. and No/I 00-- -- - - -- - - - - - - - -- --- - - - - - -- - - - - - -- - -- - - -- - - - - - - -,- -- ($ 30,000.00 ) for.the payment whereof we bind ourselve,our successors .and olssigns, jointly and severally by these presents. WHEREAS, the said Principal has entered into a contractual agreement, with the~ Obligee and the Principal has agreed to construct specified drainage improveme!nts as set forth in said agreement. NOW, THEREFORE, if said Principal performs its obligations in a satisfactory manner, then this bond shall ,be void, otherwise to remain in full force and effect. Provided, however, that the Surety may terminate its liability at anytime upon giving a minimum of thirty (30) days notice- by registered mail addressed to . Ci ty of Colleqe Station, TX and. Ricky Miller ,Inc. dba Sne'akers stating when Surety.s liability shall end from further liability upon said bond. Unless otherwise terminated asprov;ded herein this bond shall expire on the 14th day of October, 1989. IN WITNESS HEREOF, the parties have hereunto signed this bonq,this the 30th day of , 19~. RickyMiller,Inc. .dba Sneakers (Prine; pal ) '-, By:-=f(uk1 ,~~l~ .lrJJi~ Amtex Insurance Company (Surety) ,1 . ~ ~y: \"",-j \\(1,11(1 ':J VC0\Jft,LL'.'Y) (A~torneyin Fact) Frances Barnum UMITED POWER OF AlTORNEY KNOW ALL MEN BY THESE .PRESENTS: ThatAMTEX I.NSURANCE COMPANY,s Texas Corpora.tlon, does. hereby appoint M. L. CASHIONI FRANCES BARNUM, CONNIE REGINI and DENISE L1lTLEJOHN, or any one oHhem, of Bryan, Texas, Its trlJeand .Iawful Attorney-In-Fact, with fun authority to .execlJte on Its behalf fidelity and surety bonds or undertakings and other documents of a similar charactetlssued In the course of Its buslness,and to bind the company thereby. EXCEPT NO AUTHORITY IS GRANTED FOR: 1. Open Penalty bonds. 2. Bonds where Attorney-In-Fact. appears as a party at Interest. IN WITNESS. WHEREOF,AMTEXINSURANCE .C.OMPANY has executed. and attested 'this UmltedPower of Attorney this 21st day of March, 1989. ATfEST: AMTEX INSURANCE COMPANY 3131 BrlarcrestDrive/Suite 110 ! Bryan,Texasna02 I 409m6-~ . / / . . . '},/ ,.' ,/ /.;' ,. ~/.(;'~~_.. ..,~?;10{/ (B. F. Vance, J,.., V.'P. By: WilUamR.Vance,President SUBSCRIBED AND SWORN TO BEFORE ME on this 21st day of March, 1989, to which witness my hand and official seal of. office. II"/"""I'~ ,II . <* S.~'- ~,Ct...... ..r"'=':, ~~^'~.. . . .... ~......- a." V -.w'__ ~::J". ... .: ~ N^ : .u-~ s..... :Os ~: . s ~'-.' ., · S ~,. .~ :41~ ~ ... l" I -~ -. . .~'r~ < diV." >i.~;''''' /h ...... . .. ..... ..... ....- , L~i.b~~~ Notary Pub ..State of Texas Printed Name: ~ Commission .Expires: CHERYL. 8URRIER Notary. Public' Sf'f.. of Tern CommlssiollExPlre. Augult 20, 1191 8/30/89 ACKNOWLEDGMENT STATE OF TEXAS ) ) COUNTY OF. BRAZOS ) BEFOREME,theundersignedNotarypublic in and for said County and state, on this day personally appearedM.L. (Red) Cashion ,Managing Partner of . RafterBVenture~fiown . to me as the.. person. whose. name is subsc.ribedtothe foregoing instrument, andacknowledgecl tomethath~ has execut~d t:l1e same for the purposes and consideration therein exprei:;sed. GIVEN under my hand and seal of office, this the'3\S4 day of August, ,1989. j K~U.9 bC~''Y\..u,.--r<\ Notary Public in and for the State of Texas FRANCESBARNU!\1 Noto.ry Public STATE of TE:<AS My Ccmmission. expires4.S-93 ACKNOWLEDGMENT STATE OF TEXAS ) ) COUNTY OF BRAZOS ) BEFORE ME, the.. undersigned Notary. Public. in and for said County and statE!,ofithis day. personally appeared Richard A.<Miller, President of Ricky Miller,. Inc.. known to. me as the person whose name is subscribed to the foregoing instnunent, and acknowledged tome thathehasexecutE!d the same for the purposes and consideration therein expressed. GIVEN under my hand and seal of office , this the ..~ day of August, ..1989. ~ikin and for the state of Texas ACKNOWLEDGMENT STATE OF .TEXAS COUNTY OF BRAZOS BEFORE ME,. the undersigned Notary Public in and for said County and State, .on.this day personally. appeared Paul Winston, . owne.r>ofContractlnteriorsknownto me as the person whose . name ...1.S subscribed. to the . foregoing instrumien1t., and acknowledged to me that he has executed the same foritlle purposes and consideration therein expressed. GIVEN under my hand and seal of office, this the i'i2bl~ day of Au'gust ,1989. and for the ACKNOWLEDGMENT STATE OF TEXAS ) ) COUNTY OF BRAZOS ) BEFORE ME, the undersigned Notary Public in and for, sai.d County and state, on this day <personally appeared. Lar:ry- -- "" Ringer, Mayor of. the city of College station, :Texas; known~ ,to. ;--. me. as the person whose. name is . subscribed to the foregoing .~ i.nstrument, and .acknowledged.to metha thehas executed thfe s.amefor the purposes and consideration therein expressed. GIVEN under my hand and seal of office, this the _ day of September, 1989. Notary.Public in and for the state. of Texas DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into by and between Ricky Miller, Inc. doing business as Sneakers Restaurant (hereinafte.r re-- ferredto asSNEAKERs),palllWinston, Contractor) doing busi- nessasand Contract Inter.iors ,Inc., andRafterB . Ventures by and through itsmana.ging partner, M..L. (Red)Cashionx (hereinafter referredt9Cis VENTURE), and the City of Collegestation,.a.Texa~ Municipal Home Rule Corporation (hereinafter referred to .as CITY). WHEREAS, SNEAKERS has constructed a restaurant at 504 HarvE~y Road located within the city limits of the City of College station; WHEREAS, SNEAKERS has . leased the real property at 504 HarvE~Y Road fromVENTUREi .saidproperty>beingmoreparticularly a 1.50 acre tract of land . lying and ... being situated in the Morgan Rector League, .... Abstract No. 46 ,College station, Brazos County and. being comprised of a called .. .888 acre tractconveye<i>fromShelleyJ. Cashion, et aI, to Raft~r B Ventures as.des.cribed.. by..deed recorded in.. Volume .531 Page ~!2 of the. Deed Records of/Brazos county, T.exasand the'c~lled .572 acre remainder of.th~>samel.46 acre traqt conilTDyed fromWilliam.R. M~ller as... described . bydeedsrecord.ed in Volume 253jPage4 74andVOl.\1me 253 J Page 417 of the Deed Records of Brazos County Texas and said 1.5 acre trac1: being more particularly described as follows: BEGINNING at a 1/2" iron rod set marking the north corner of . said .1. 50 acre tract and the wes1: corner of a 7.108 acre .tract conveyed from May- field-Wilkerson-JeffersonPartnership#3to Al- lied Bank-Austin, as described. by deed recprded in Volume 1027 page 304 of the Official Reco;rdsof B. raz. os.. county.,.. T...e. xa. s.....'. and. . lyin. 9 in th.e sou...t... heast right-of-way line in Highway-30. A 1" diiameter ironrod.foundmarking the west corner ofl Wood- stock, section One as shown by plat recorded in Volume 436, Page 481 of the Deed Records of Brazos County, Texas, bears N 45 36'.00" E at a distance of 911.46 feet; THENCE S 45 23' 18" E . with the southwest line o:f said 7. 108 acre tract at a distance of 323.61 feet pass <a 1/2" iron rod set fora reference monument, continuing for a total distance of 373.61.feet to a point for corner in the center- line of Wolf pen Creek; THENCE with the centerline of Wolfpen Creek for the following calls: N 85 S 63 S 78 S 83 08'47"'W41.04 feet 34' 19" W 50.64 feet 13' 52" W 54.63 feet 43' 50" W 57.31 feet THENCES32 32' 07" Wfer a distance of 39.42 feet with said creekcenterlinetoa point for corner and being in the northeast line of that same 12.18 acre tractconveyed.fromDebraE. La- cour McLaughlin ,et a.lto>Lacour Investments ,as described in Volume 398, Page 768 of the. Deed Records of Brazos County, Texas; THENCEN52 05' Oo"wwiththesouthwestline of saidcalled.1.46 acre tract and said 12.18 acre tract, 'at a distance of 50.>00 feet pass a 1/2" iron red set fora reference monument, continuing for a total distance of 273. 19 feet toa 1/2" iron rod set <for corner, and lying in the south- east right-of-way line of Highway 30; THENCEN45 36' 00" E fora distance of 228.00 feet with said right-of-waylinetothe.PLACEOF BEGINNING and containing 1.5 acres of land, more or less. WHEREAS, CITY re'quirescompliance with its building codes for the construction of structures within the city limits; WHEREAS, CITY furnishes electric, wate.r and sewer utility service within the · city limits pursuant to itscertificate~ of. convenience and necessity; WHEREAS,asa condition .of, the provis:ion of electric, wate~r and sewer service,. CITY requires the installation of drainage facilities :incompliance with the city of College station orainage ordinance and. with the City of College station Wolf Pen Creek, both as approved by the city counc:il of the City of College stat:ion for the purpose of providing, protecting.and maintaining.dI:"aina.ge.to the property and other adjacent properties impacted by the development; WHEREAS, VENTURE and<SNEA~RShaveappliedfor abuilding permit and as a part of the permit process .submitted a de.- velopmentpermitapplication as required by the drainage or- dinance; WHEREAS, CITY approved the drainage development permit ap-- plicationas.submitted; WHEREAS ,INTERIORS has failed to construct the drainage im-. provements asdepicted>byVENTUREand'SNEAKERS on the pro- ject diagram in the development application; WHEREAS, INTERIORS .. has dumped concrete and otherconstruc- tiondebrisin .the . floodway of. the premises incontraventic)n of the drainageordinance.andthe development permit; WHEREAS, INTERIORSh.as completed all otherconstructionnec:- essary in order.toreceivea .certificate. of occupancy; WHEREAS, SNEAKERS and VENTURE have indicated to CITY that they intend to construct the drainage improvements as re- quired by the City of College station; WHEREAS , SNEAKERS. I INTERIORS and VENTURE request that a tel1tl- porarycertificat.e of occupancy be granted to SNEAKERS dur- ing the pendency of the construction of the.drainage im- provementsas required by the.development permiti WHEREAS, CITY policy requires the 'withholding of the cer- tificate of occupancy until all requirements have been met" including the construction of drainage improvements pursuaIlt to the issued ,drainage permitiand WHEREAS, CITY policy requires that utility service not be provided until acertificate.of occupancyisgrantedi NOW THEREFORE, for and in considerati'on of the recitations listed above and . the covenants and agreementsprovi~ed belc)w the parties agree as follows: 1. This agreement shall be subject to subsequent rat:l- fication .liy .. the. City Council at.themeetingofSeptember 14, 1989. Intheeventthatthisagreem~ntis not ratified by the city Council of the CityofCol>legeStationitis undeJr- stood by-and. . between theparties...t.hat this. agreement will .: . not beeffective~nd all utility service to the!. premises will. be terminated ... immediatelY\lIltil.all condit!ions.of the building permit are complied with in<accordancewith the codes, ordinances and policies of the city of College station. 2. Upon the execution of this agreement, subject to the provisions.of section1.herein, SNEAKERS is allowed to util ize ... the . property provisionally. under a ..temporary cer- .tificateof o~cupancy . for a period of. thirty..days from the date. of approval of this agreement., .It is further. under- stood byandibe1:weenthep~:r1:iestpatvENTURE, SNEAKERS and INTERIORS will provide a bond, <valid fora periOd of forty- five (45) days from the>dateof the execution ,of th.is agre~e- ment, in the amount of $30,000 pursu,ant to the Engineer's Estimate in the . amount of<$29,92S.00attachedhereto as Ex.- hibit A,which bond is provided herein as a guarantee to se- cure the construction of the drainage improvements as dic- tated by thedeveloprnent permit. 3. In the. event that the drainage improvements are n10t completed in compliance'withthe permit on or before the thirtieth day after the execution of this agreement then CITY shall be entitled to draw against the bond in the full amount. If CITY drawst,he funds secured by the 1:>ondbased upon the failure toco~s.tructthe improyements then CITY may construct and/or completethedrainage>improvements at its discretion. Anyothert>arty may.<upon its own initiative constrUct and.complete~he drainageimpr.ovements .in compli- ance with the permit however, the funds drawn by the. bond shall be nonrefundable. 4. In the event that the drainages improvements are not completed in accordance with the development permit thirty days ..from the execution of this. agreement then CITY shall.. revoke the. temporary certificate of occupancy and no certificate of occupancy. shall be.granteduntilall CITY codes, ordinances and policies are complied with. 5. It is further agreed that water, sewer and electr'ic utility service shall be provided to the premises under th.e temporary certificate of ...occupancy. In the event that CITY' revokes . the .. temporary certif icateof. occupancy, CITY shall cease providing water, sewer and electric utility service to the premises . until the drainage improvements are complet.ed in cOIllpliancewitbthe. drainage development permit, none of. the.. parties, INTERIORS, SNEAKERS or VENTURE, shall pe enti.- tIed to receive utility service at the premises. 6 . The parties agree that. in the event SNEAKERS, doe~s not cease.utilizing the property at the location upon the revocation of the temporary certificate of occupancy then this agreement along with an affidavit from the City Man- ager,. stating that the easement..has' :not been. -gran.ted).shall - be sufficient evidence and a confession of judgment at an injunction hearing. 7. In the event that SNEAKERS and VENTURE do not COD1- plete construction of the drainage improvements and do not: cease utilizing the property on or. before the thirtieth day after the .. execution. of thisagreementthe.partieshereby recognize and understands that.. for' each day on which the premises are utilized, they.>shall be subject to a criminal penalty not to exceed Two-Hundred Dollars.. ($200. 00) per dclY. 8. The parties hereby agree that upon execution of this agreement they. shall provide proof of authorization t:o sign, which proof shall be attached hereto and incorporatE~d as Exhibits Band C. 9. It is understood that this agreement shall be gov- erned by ,and const.rued and enforced in accordance with, and subject to,the.lawsofthe State of Texas. The parties further agree that venue shall lie in a court of competent jurisdiction in Brazos County, Texas. 10. The parties agree that they have read the "terms of this agreementand.familiarizedthemselveswith.the require- ments hereunder and agree ..thattheyunderstand their rights and responsibilities hereunder. 11. It is understood and agreed that this agreement shall be binding upon and shall inure to the benefit of the parties and their respective heirs, representatives, succes- sors ,and ..assigns. 12. It is understood that this agreement.containsthe entire agreement between the parties and supercedes any and all prior agreements, arrangements, or understandings be- tween the par-ties relating to the subject matter. No oral understandings, ..statements I promises or inducements contrary to the terms of this agreement exist. This agreement canno.t be changed or terminated<orally. 13. This agreement shall' be filed of record in the Official Records ofBra~,osCounty ,Texas. IN WITNESS. WHEREOF, ..the parties have executed this agreemen1t on the 30th day of August, 1989. BY: Ricky Mille:-, Inc. By:~d.~ Richard A. Miller - aors, .-J:n~ CITY OF COLLEGE STATION BY: . Mayor Larry Ringer