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T-564 P.002 F-688 JAN-14-2003 11:13AM FROM-Asset Plus Corp. +713-268-5111 • . ... -,. ;..:.r:-.;r,.z..:;I-.r:::!1;:::''.I'i!''t.':''..:.I'1..?.?':,:''.:.;;::j:=';'qj.:,..;.;,.i'',,,';;;§.'...'0,I.;:;:::.;):.::,;..:?::..yi.o.I'Ve-,::::::.,,':l:,..:■:,.".:,...:.:.,------"--M,IllIllilglgKtIIII,I1Rll'r.,:.:V,..ir.:::..:.i.:-.,R;;,::te,$..,'A../i,g,i 4 ; . r ; .,, 7 - 4, .. - ',1:..t:' ''‘'....".."•,...,:`:: ;:.•.`: :.‘"...,- ' ....."';''..:4'./...(-;.]'::::1'.•':A....:".;.:A'''...,1:•:':::::'::!:./....!'f',:(C1 "P :. • • ) - PK.,.,.•?:::'! . :„'.;= . 7'75 . -": ' . i''. :;::-.. i - .;' ' i;',, . '1.::::! • •• .. • • •:::••• -•:'-'...:;:.. .,...::.-:...))...?: C\ . y ,..,, . , - s • ..IFJ:g ;'..: ..-:1'...,- '.'''":":- '-':',..'• ' :..... i->'''.:•.' ; .. "...-.• ..''' •• : I . .-, ‘- ' ' .... .; . • '-'''..;. -1....- ' :;-.'',.; :. ' '''' '; • .!, !'; :to:, .. ig'`...i •■•; ''' .:.-:....- ..."...."- .. .. • :''. - . - .: • . 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" ,.• '. -: 7 •• ' • ' •••''• • • • • *••' • '''' • ' - • • • • ' . • ; : 4 1k 7 : ‘ .., • ?!.. -,:.; ; . . • . • . • . `,. • - - • ., • • • AZP I T 44 1 -'s : 140115 . r . .. ,., ..: . a ..4,. ! : ;: . : ,, ....... , y..kv. , ... , ;...74.;.,,.....,.:..-.. .. . ...'.... :.•:. 'NT "i . . .. . . .. : .. •., 4 .'5ti.....;;.ni'....':;,6,,.:.i.::::..,::-....,:;.1.‘,.:V.,i;.::-..,,'■qVV• : . '',' ... • . . 1 i ::: ,: ;: ,..',;', ,. P . : ; , ::: : .?... 1. ;•';:•:l 1 4 1,. ..:. 1 '..i.7■: .. ";?' :: ' :" .V f • (•;;:',: l ii.:i; . • ••,:.:.•;.:.:...;•. • . !.•-• • r • '' . . • : ...4 . - ..: .......-■ 43.. _ . . . • - ' '- ..;.A.-•;•.:•;.1 is entered :into this the :: - 4:tay:Of. : ...- -.lc, -- 2„,;ViiIr!7. 9942 :,. •:••• .'::.•,• ::. , , , c:;.:• , .. - ,..:•••„:::•;• . •-•••:; , , - ,.... , „;...-: . ;•;.•,.'.'7.•!.: ( 1 .' „. Ti'.. : • ' •;'.': i •••••••• ••• 1 .; ,!7 • , ..:., . ' . • : ' : ..: •" i . '' :. • • • ' • 1 ' • ' • . ' • • • ' “ . • • • ' ... . . . • .. . . ' : '. , ' ;. •';' 0 :: • . : , f.:;:, Z • ; . ''.•,::;::'? . , . ; 4 : . by• OF COLLEGE -STATION TEXAS a.• TekaS:' • ' • ,'•••••:..:•'''..••:!Z.•;1••••:.... • 9..:.:)..":. ,.......; ; . : . • . '. . (hereinafter .,... '. ;,. referred to ,‘. . i .. , .,;;?i;. '. .. :■.• •••,....municipal..:...-k;otporation ...:. ••••••••as • 1 •VITY"), and • TROY :ASSET. ' "•••••••••:,...•":•• • R • !...r. , •;2.:•;•..:. • ••■ • ; .,...; :•... DVISORS;-:ING...-i•Texas. Corporation. (hereinafter refetred to as "DEVELOPER") : • •:•-,.-.. •• .-;'•••••• •:,.....,.-;;.:::-.' i .(,;• 4 • . , .. ,..•,,..:;. :.... .,:.•••:•;. , .:.• ,- .:. , . „ ..,• . :,; , ..,: , ;:::::•:ip• , :, - „,x- - ,..:1••- . - ) :•••• ; ..". : !..,,:',.: ".'•'•••:•..: .''•••• ..,;:,'• • . :: ... •;:•:.- :: :-:•.....,:. , i.. '.•••,-:-. ••••.,..-.;•••• - ••,... - . • • • ...' : '.-......•• ••••• ,,..- • •••• ..... • .;:-..,....;.-••••••. -5 '....:_:..;;;" '.:..... 01 •• .i.•.: •.: •• .,-.• •• I REAS- DEVELOPER is the owner . -of - TROY SUBDIVISION . (heremafter" .. -..' : •'•'• ", . ' . , :•,‘,4t•. , f.7 , 9., ,•:•••-•'•••••••.,..•:•.. %.,.:...".•••••-•..., • '• - -...-; - • i , • ..-: • . • • • . • • ' •• - ••• • - , . • ‘,4-...!•,.• ' ....,••••••:,..; --...:•,',-- :.... --.',.,•'..,'-..: - • .• . • . • • • .: •• ..... ,o, • _ • .. . , • . '' , . • )4;•, .. •,•:..:, •••••:-; .referred to . OS: 7Property ' •Stanon, Brazos :County, Texas, described in. the *plat.. . . • • ,,,,:,••,..-,,,.f.,1-...,...-7..,-,•:-..i.,•••:attached.;as•EXhibit ' reference";. and ".. " .... • :....,.•... ',... •••••••„--; - • .:: .,...)- • . :. 1 ,:' .; ,.. ...' , ;•!'",." .. ":' , „ . ...:. - ,:•:::: . ' i7 ....if:.;,.„.'".•:. .i ......:1•'....-';;.i......-:..;:,'...."•'.'..;VIIE•R'EA..S -. .'the l ' - ittitiirig••• • ClaSiificatiO n • on this.,p'ropei ,:,- . ..:•:•••::.:',•:•••.;;;;.:":‘ •••;•••.•':.••••••,•';-:,•,•::::::•.;.: ,... ." : ri '..•,;....:'..... -.• ''..•'•.:..( ::';,...' : ,.,:.,•:,..5 • . '''• . : ..• . . .. . • • .• ... • 7. : - ,. : , :: : .-' . .• • • . : .... ' : ' : ' :' '.. . . !.,... 7 '' :: ...: ,. : •,..... '; !'■•!",.,:::•):',.;,. '; '.;,..:, :','% .•:.,., . .. • . • ' • . • • . . . . . , it :•„7,•....,1 , 0. • ..., ,..,. r,',••,'' .: ;;;;.`,•':WHEREAS thc -.-:: ..property was previously subdivided . :without a plat in :violator!: of -.. .i.•::•:.- -. :...;' , •!::: ,. ..2. ,.::-,..,,,::, ...: .: • . . • ,...,....: pter ...,:,,;, ubd :.... , ,,...,.. , ..::: •• ••!... ... ... .. • • ....,i:.:::,',.1.J,i,:"'::.;.;:',.:•,..:...:;.;:.,!...,Cha,- vsiviSion;J•Regulations, of ' the . of the City of CoIlige. Station. Code; of :!.• :::-,:. . :,:;,?'....,.. - . • , ,,,......-:. : ,.!,- ...,.....,- .--;,, ';:'• .•,,• C: 1...,.....;;;,`!".:•7.'.: :; ',.. :::;,..' . : ', .. . • : .. . . 11 '•'1 .Or tances ,■,..'... •••:•,.:...,,..•,•• ..::,-,, ;: ; 5.•:•.. '. ',: ...: 7./.•.•,;:•Jr?.. :IT.. ':,,;• • . • .• r: ' •• ' • : .. . • .. :.., • .,• • .. . •: . .... .. • .,...: . ',..: .^.; :V. '...:....•.. '''...,. '. '• ''' 1 ... ' ."::.::'''''...; ''''• - '''' ' ' " :.•'?- ••?1'.% ! 7 arxd • • • . ....:,.. --. .-„, ..• - •..,,,,....:.•;,..:•:;,.. ....':::........,...:. ••••••••••••,, • • • •••• .. • • --- • . •• .. .. - ••• •• • ...... . , • '-::',W....:7•!.E1•1:::1i,...7.:..7'..12...., WI-,the•••C011ege Station2stibdiv.ision. regulations would have required the . .......'" .,-- "./..:. 7 •:! . ..'.. , ...:' . .. , .. • .:.••.;!,• ..,. •1; .,;1.` • ..;; , ;;. . ' .... . .. ..;:;' 't'f ' -'..-: f..• ..:' .•'''' .. , . . • ' . ... of infrastructure, including Cornell upon replotting and subdivision of ..the...i ........:- .. . ...... . • • ::::4•.•?y: ••...:.:::,..,...... 11::,.....,.;,....,.::, propertiP Ind , &.,....:.. , ..z:•. , :•.....,:t1..... , :,..,...,•.‘.,•;. : .• , • 6 ,.., ,• .. . .• .-,..:!,;,: ..,.• •!....--:••• c& . .. . .. . . . • , ... • .,... ,.. : • • .: • • ...WHEREAS, . DE wishes to develop an apartm• ent complt:x ' .:.-. .. • :•-. • . •• . : "..'''''''WiteifiirdAPi-tment s " on the above-listed property in Troy Subdivision; and .. •••-.. - •-• • •• ' • - . . . WHEREAS, the R-2 zoning on the property precluded the development of said . .- .. • ....-..... ... • • .. - :::...•:,,.... . apartments; and . , • . r... . . '..i;.. • . . „. . . .• . . ; ;.:f.'.•:1,... : :.,: WHEREAS DEVELOPER requested a rezorung of said 13.65 acres from ,.R•2 , .• • .•••• .,.. --,,•„-.,-;;;.,:'.:!.._ ,.. '. • : '.;! • • PUD No 2; to pennit said development; and . .• .... . ..... . ...,. . •• WHEREAS, the Ciry Council rezoned the property from R-2 to PLID No. 2; and 1 " • . - ,. . . . ' . . •- . •••!..,.;:••••'::::,..-. WHEREAS, the increased density of PUD No 2 zoning has a greater Impact . .,. . .,,,..• • • . . ::.. • ." the: surroLinding area such rezoning has created a change in conditions which requires life . .. . , ,-i.•: . ., • . .. • , •.-..,.. . • • . ' to igractlio , 9 0 .- 1st D5 .., ;.64,/„Yeeinfractitroy • 2232 ,.. .... ..,:,„::,,.. .•._,:„.,_.:, . . :,.1.,..„:„.,..,......„,. ..„..:..... yoL. - --.. - AGE. • 4 N.„...... . , '''' - ' - • " ''.:'...,1...'..1.1 '''..,- ' . . Y...;".':....:.:'... ..,.,:: ....., ... . ... . . • ._... rr.....• ••• ... . .• • • • •••• • • JAN -14 -2003 11:13AM FROM -Asset Plus Corp. +713-268 -5111 T -564 P.003 F -688 _ ... b V ELOP�R .ta. :)�.u,stall'a:b zone �,.' between the property located to the so:uttr :.Property sting of side ce ) •constru secondary: 1 g single family •re s; .(2 ct: se a><y ,access'' to ^tl ..grop on_ -.Corn Dri ve arid; ) limit the height ell � . ht :.. g of the : aparhnent buildipgs to" tvy ,L,- s tones rand • WHEREAS, the City Council approved the, final plat of the Waterford eats : :1*.: in•:Tro� .. y. Subdivision-. on. June:.9, 1994 :and;. - ::'`t WITEREAS, DEVELOPER requests !hat CITY: partici ate in the • . P acquisition of nht-af =way,. a water line easement; . and the . . cost f co �`: nstru , cban for the afaremenaoned .. ,:; - .i ztipr o °v ements. NOW, .THEREFORE, for and in consideration of the ' recitations above and: . , .considerati:on ,of the promises• and-covenants herein rein expressed, the pat is °..s do hereby •agree.' i : .and: covenant as follows: 't 1:. •Cornell''•I rive • ' • X:z DEVELOPER a��tees to pay for the: desi n • .._. .. �- ' .;; - ' • g of and participate, in;:the °cost: of =:: : - ~' constxiiction:ofCornefl Drive so that : . at i t connect to each end of..its existin q}��� g� terntiru •located: • betwee . •:7: � Y,I r n Brentwood Subdivision and KFO Addition, Phase III ' adjacent ; ;t Tro 1 : $ubdivis•ion as follows: ' �' DEVELOPER .!(� ,!^ ��`.:! L shall, at his expense, contract with a re ,.. ''- ��'�' registered- �� �: '� engineer to design and prepare plans and specifications for the for the , extensian o f - ',.i Cornell All design e sign work and plans shall be sealed by the preparing engineer. r ` ; ii. DEVELOPER shall pay all c osts associated with the preparation of t ',./ the site for construction of Cornell cottstr ornell Drive. iii. DEVELOPER shall pay for twenty-five percent (25 %) of the cost to t: ell Drive as detailed in Exhibit B, ii construct Cornell { 1.2 CITY agrees to use the twenty-five percent 25% of percent ( 25%) the estimated • _ construction cost for Comet; Drive �: '.;' paid by DEVELOPER to partially fund the a t he time construction of the roadway Y t' of development of the adjacent .property. contract NO, 4 30 - 1C41 05 rrw/a: /conrracNrro y - cc 1213 _ �: $t JAN -14 -2003 11:14ANI FROM-Asset Plus Corp. +713- 268 -5111 T -564 P•004/012 F -688 • • '8' % :: :,:, 1 :1' . .:;' H :V- _ ••.40.. .I % •L: V .'�1'4. I�...If.1� • 1 1 1i r� {y� at@ i : x Filtl� iner 'Ir . . . 1'M.k. I� . rr : !� . 'I , • Lt�T.,' - �a 'Ifi :CIT a °.e t - gl' � .to till .t7::::.-.....',::::.27..s.,.":_.',',..";''''.., k:• e� •1' d an 9 �c • ' 'r��' - , ne c • - ss -f or.. >•th' �f ' t� rlin'e;� ary' e . . , asrm.� •L en � •1:11 ei�" i d' a¢ ' e at .: r' r : ' 'to'D . c� �'�� aPE ��' ,r R -S• •t 7;. ';�:•' °, .. to service D laVEL �, r ,: • '� �� r OI?ER' � f �' I " s ax . f d : . vv a , back . { a t .�. er= •r � 5t�m : -:': and the. f :` sY olio � - n. ;win S _ d' COII dlt1 '7 E _ _ J VEi. 0 E � .;i� �, P • R reimburses- burse - ' � • - �for. :'aI 1''':' . s ts' : of r said ' 1'� • - d `land.'. • .F . • : - , • acg ��incltid I . •� • ` iii .but- -not: �'z. &,. littiite3 : to ' ;;;;< .. ppraisals ,aide :. o li' °± „:Y.'''' ;;.,: = .p. cy� :attoin fee's " costs Hof . =�� • d-'if:' ,�:`. necess . condemns • ', : ° , ' j >: ,: . e tunated : at tyven ;feet :. .� tiQn =� The' easerri nt:'area 'is�� es ty ' :by . five `hu d and fifty �,�' -iN 1 fly., feet (SSU ?' in length (a .total of 1,1 I O. square feet ' ,fl•' " arep :r1` 1 , �f:i': ' y 1 _: '- . • • •u J .. ' shall':pay: for•one hundred erce t ; � p n { 00 /o) of the. Iand _ .,� :bas for the �' '.' , y . w aterline ,.ase.i , . v� : ,..:, merit located site - _ - • J . , •.r L 'oiti" - y ' f th -r: P Q e ate , are` ccss -;� ?; .;`Y Ater line';eas�m' ;,. ,, . _ �xi<t'is•��located ;.. ;;; EVE L ' OP . .:.....:_:� . . e 61f-'"..\.:7"2.: P ... P atid��DEVE •, rt3 - ' )JOKER •''a " :.;,; .,: grees� ::to said�_o� - �.ti • asem . � :�' � . , s ' e� I ar ate ' •in` ' p st DE :•'....... •-• • P OE 'at�' hi' .. s e : ��sli Yr4 ; �..� : .. . ►� etain` a te re d' I� p . T•: : rf S I I r ,.� . , h7 a o _ i' 1 rf . .to' r" Seale` �•:; P dtrie .P tes 'aria` ho ' � �'` r ..• , - unds °descri tioii .. ;� : ;�. P o£ � t h e`� ax.,a � :r� : b e ; d e d icat ;d% I� P d s'b P u mi . t�� it�� 't . .,;•;::,,.....-1 7 .. , ?FYI:: or CITY - . ... Y f'' . • 1 or �inclus�on s`ernerlt���doctim ' �Tle � ' ; eas e 1. • e ri - m t: umer : sh. ... 1 all: rep e P � IT �a exec �': Y .. e x ec uted liy: DEV ` , 'r . • Ad'nmrnis e. Costs� , r eem en t 3: '.'r : '' .I DEVE LOPER a ecs to ,� .,. .: , � g 'pay;• in' 'acc or d aii�c �e • ' • •'w � : :' l ' efab'lished:.h 1 th ,:; y e College Station City Council, all adminis •` ' � :, - trarive•costs `of•:CIT.Y'for'th + r, prepaxnt on of this agreement Said costs are itemized in Exhib A. _ : he r eto a nd ' :incorporated herein . by reference and shall be due and payabl..e in full: upon. e xecution of, tbi eement. I. ': 1 Fina Guarantee • ... is .., : .': ..,;;: ;. : „:. . • DEVELOPER shall 4 -� remit a cashier's check to • CITY , to ar . : .. ,. .. ;f,:'• ; ; . guarantee, tli following: n�� . , -.------ Cantrrzct; No l•' 1:f31 :¢( rnv(e :it ontraCj/lroV 1 *' '' • r .. ,..:. '.,,,.. � ,,- ••','. ,.r, - ( 1 "' ,.,11.:•1 .:u(.;•. +713-268-5111 T-564 P 005/012 F-688 JAN-14-2003 11:14AM FROM-Asset Plus Corp. - - .. ' .-..-.-:':—.-',:.::..:: ',,:....:":'7,i.''.;'.7,,...,y.:.::14q:- .. . *. z ,,.,•, 04 .. : -. 0 ,,,,,„...... - ...:,.. , ii,,„'tkt ,, „•;...:c. .7e.'.,:: ,.. cost of condemnation including but n6t:limited to appraisals, .attbiziqy ,; ; -.;.:•,,.. ;:?..,- . 4, . . :o.sts: of Conit .._ , : -,4 _ -: ..........,3.•,•,,..,•,! :...'. ....' '::::! ' ''f-: .. • . :. ;,, • ., ,,..;-:.:• :-:. ; :. ' tY,:Lft4 Percent (25 of cOn cost Of 68 414;w1 '?';',''''"...!;:•.-':' '''' .:).•:: . Iiite::easement , - ., - • — : , ' , : •-• • ''''' ' •:-: -:•": • - '":'4:i : 4 . • • • : , • , . : : - : ,, : - :-E:-;,:%:‘,..,,,' .' : , "?.. ,:, ::; : • • , • - . of,•.: ., :. :4 - •. , ::- , ::•;;:..-:.:.‘.'...:,-,:::4, , ,r,. :.•.-- - , -- ,. • percent-( 0 ,,,;., ::::. :.,.,--., .,:: , .4 - - 1 . ! ; ,•:. ':-::- .. , one A) of the 'coat :of.lind nedetsttry'fai easement. i:•. ......„; . : . :,, ...: ..„.. ; construction and site preparation as detuilecV in ,Sections 1 : and ., 2 .,:,. : • -.; -.--::. ' "::•:•:-.::..!'.,:, :. !):7,:.'-:,':' •••• .., . •above, . , . . ... • . . .... . . .' 4:2 The estimated amount of funds necessaty to be guaranteed • by ' , ' ..; DP to this Section is itemized in Exhibit B which is attached: .. ::: ' '•,:,":: . hereto and incorporated herein by reference. ,...:: ; • : • ' • ' 4,3. The parties hereto agree and understand that the.amounts- contained * '.;.':,.:::....•' :. ..:. . g) are estimates only The parties agree that DEVELOPER shall he responsible ,•;.::::-r' •:'''':....;:., jlOti. onl ;estimated costs of construction of Cornell Drive and ,lhe ;:•::-: :',... 4: ' ,:;:i . cons*Ction:and,landAccp.iisition for the water line easement, In,the. : .--•,..:•:•••• - • •:: :::.:,,,';, .. '.::•;:;,--.--.- costs , .related to the, water line easement exceeds or is less than the' Cti•41atPd'.cost, the .-- •;:.::: ''• :-:: .-:. :: :•,,.,,,.!,.:.,,; . ',.;:i.•-'. • 4estiective parties agree that DEVELOPER shall pay for the total actual cost ,incnrre4 if •An : .... ..; .•., '.',' excess of estimated costs or shall be entitled to a refund of amounts paid in estimated cost ..-...:.-...-• ..: • ' ....,,...•:: r. , r•,::•:•:..... ,„. irsain•e,isjess.than estimated cost as provided herein. 4:4' CITY agrees to issue a building permit to DEVELOPER ociii•-(1):466utiOn - - .,..:'....'. : ' •:•.,.:.:,::, • , . .. . • • • , -- . of this agreement and (2) approval of plans and specifications by CITY, and (1) payment . . . .. . of estimated costs and administrative fees by DEVELOPER_ . , 5. Payment of amounts in excess of estimated costs for water line easement 5.1 The parties agree that payment for actual costs in excess of those estimated ::-,;',•;',..::,:.-:;:::',:.:::,,:, '; in Exhibit A, if actual cost exceeds estunated payments, shall be due from DEVELOPER as follows: , . , . . ... . . . , • •:::::-. . l',c5 -.. . . ,. ,•..,. --'' Contract No . cIL l la Do rrealcontract/troy 4: I . Vig. zaerta . 25 , +713-268-5111 T-564 P.006/012 F-688 JAN 11:15AM FROM-Asset Plus Corp. • •••••••••:.-.• • , .... - : , . ,.. ..1,.. . . "•.'.."..'''.".:,;'.7'..-::•::.::•:'-';:n...::.::.....?:?:.:l''.ji:.:'.'..5i1:-4',.‘A.T'f,nifill • ..r. .. .- - .0.. ,.;,...:.,:..':-...„:-• '' ..::.:.:c:•-'.::".',',.:..: , . ::.!..;...."..:;.:i.:....;..,'',....:.......:;.;..7::',1:':•••••••.:- • . '',. . .....'.-',.•;..:','... - ..••••••....,:'..•,:1,.:••';''....• ::(; • • ••:' ,77,-,. ! ... .'... , :.t 7 „‘;: . .....!':., - ;-,•'-.••:... , '•',. :- '.•'••,''' ::'..‘:: '.',... 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'. ...;':i' 1 , . , ? . . 2 4..7 .....m " ..,'" ,:;:,..:,,,.,..::: A ' •:: ' ( ftkie. event that .2 ...acquires " 41 : e0;s0iriert,t :4174brUgh ..cconi.16171n140.74.•:....,:.,•::•.,..•7.','...::.:.,,12,,...d, F i.,1 , ,,.,.•,..,-..•:.;-!, - ..;•• ,-...:••••,..,:...-.:.,.:::••.:...?.:.:.:.••..!: / c:4! • ..-.- ..... .. • ........., .• ...i, .,-,.:.:.,•,.;•,:•,..-,:,•:•.,,,,,?,...,....,-..,,...,,,,,,i,•:::.2-;,..".-,..:c.,,,....,-,,...:;.....,... pr 1 . -, , , •.:'•'• , ?.. , "ci.•:.• •,.. . , . ...--::-.--,,,:-. : • • .,, a ,,., • .... .-....:.....,-.-...: ..„.:-....,:.: • - :'..z . '... ,- ... :. ..- ' : * ''.:''.. '.':' ,,? .."''' ;• (.::..:,....:: :', :::!;4•,.._::::;7::'.:•:::?:::',:.;Paytilentlor:it4:-,,tipo as established .•br, ntappra sal; ,.... shall he. ,- r0, .:• : . ; ..,,... .; • . •,..„ . „. p ,- ;; :, ; ,-, . ,.. .... ,,, ' , .` . ::? , .. ,1 •4 , :.; , :.. , ;:• . ,, , . , ..• , ,..z......,4.4 ,. ..: ,, ,FiP,••. , ••• . .. , . , : ' , ...:•,„,- . : , ..,. : T.','•.....2--.-,.. ,T -.... ! ... .. " .. • , ,..• :,,-.:.,,•••;,..-. • .:•.. :...• . :.;••.:.....- ••.. r :•,,:•-,.--.......•".,...... ,...,... : • "..f.. ..': ., :..ii&..iiail of c 'Tati • . 4ii'l '... by ',•thr CO • llege Sta , Pity 4 '. •'.... • :. • :...'''..'',:: k•ctk..:11:'1:-:',...;,•:•.:...'•,/•.:.....,....-„,.:•:,..:•.:..-:::•-.:••:•.•-:r::::-.....:.'2;!':.'...:':-.;......71.'/;;;.; '...::::.„"-:.....: • -:. .. • •::',. . . . • ' .'::•: ....`:';' :1 :. :.:::: .. '. ...... • • ' .......1". ': .:',:.. • ....•:. • :, - s '.. ..'... ...,:. ..:.:::.:;•::'..' *,:[ 6: k ..1 ;1 .3 . !'.;:: : ...j: "4 ' ..... y...,:".r-...-t6iifait.'.'....tittz:iiiic.riOfiti;-DEVELOPEk,itt:.'sAifiting.:.-..•.0..the-:4ate.''.9f Ae••• 011 :p.":.:. • ''' ,..;;,-,:i.,'..',..;;:..:.,;::.:. •:::::::::..........„..::.:..•:;......„2........-..:•••,:;:..:,;....;,......•:':.::::.„!.....:,!::,'..::.:".!...,., •:-................. '. •:.: .-..;:.:,.-. .. - - .. P . -::, .....:;. ,......:•..::: ' " .', ` . . ' . i . ...7 : : ......:... ". •, : • ... .... • ., . • ... , •••• . .'• •:. ..: ' ...... .,. I :: ...... . ' : • .;...• ........ P 1 ...:" ':' •:'' .::;. '•. Ciiits 6f6b iiiieiiiiiktio ii iit eidesi:Ofihcfse estiin ated . be:d due and payable on or bef , .iOre ' '• •• • ' •.: ! • •• •:' *;:!..!,..'• '''• ,• - - ••. .••••,.....,....::.•:•-• ....... • ' - . - -.'' : . • , teri.da ,le, •••"•.:: :•:•:::ys410) after the cOmmissiotier's ' heanhg . ',' If the Con :utiisSionees .. award , .an atn9unt.. • ... , • . • . ..: 1...?.•,:;,,,,•;'il...':!..:'...,::..'• ' ..,.*. ' ..• -.".:• ';':••••':'..:•• ....:' ....- . ' ••••••• ''_. ' • ••::••••• ' .. •• -... . '.....: • ."'...:: ;‘...; .• •:.:.:'.,, ,." • .-.• :.•••:.• ''••:- f; g?i-;:,.1..:'..,::.;.7-:,::-::..:....4..:...::.:;:liii-ac.e..::ii.',6fili',•.4pijiaised!'am.......otiiit,', DEVELOPER agrees to pay fat same •..-•::• ' - :• • •. - s. • • • • .• ' ,...,:•••••:•;.• .. •,,:: .p::: ••••.,•••,,,..::::,....,....:,.......:....... . •:,: ......• •.: • ..:..• .., ,...:',:.• .•••. • • • • . , . . . .. • ,. .,• p • . .•..„ ..• , . . • . . , . , . !!:,..:p-:,. •:•.,.: ..:••••".... ••••,•.•••,:.••:•,"::::•'•5:.2::,:•.::,••:•••...: P.aYineriti co Z5c and,Stte. ,f. •...; ........;,...-.,•-•:•:.,:::•;...•:-:,:.,..., ,-, ;; (10.0%):for C ;, , ,. , :, - ..... - . '...........•••,!:.,,-(,::::•.:',•,,,•?!.•••..I•ii.::•,..;:-.7•.•-...-.';,,,.".ornell Drive shall b , •,-;.,-....-..: :,;•.. : ..-•:... upon execution•of this due agreement e • -: '. ...'..: ;•.... -....• ... ' .. .', . . • . .. .. .. -..::•.;..:•,..:.:' ..••-•::-:, •••'„•"...-.. ......: -...:-.-.....:.-•:....:.:-...,..;..:•:...,..::.:,::,...•.:::: . r'.. ,' ::•'..;;•;,-, :' • , .., • :.....1.,.. :.• ..,••• - ....-:, ....'.., -,:,; :.•;;..,?.,-....„;,• „ c.., :.••:::• . ':•:::.;Wit41t.. f ';••.:•',..' .., :....:::•••:';.: ..;•:•.''.;.;:::.'.':,.!.. : .' . . . • •:, .....: •••:. :: ;;..-;.., ,..:-...'..,:•;; ..).,:',.::• ' :•' :: .72 :,.:- ........:, .,..:.!.....:•. ,.'-',:,,'.,..:..; '-•;:.......-: ..........:.',..,.. l' , : : : • . *• ' ...., : ::I!'.';.,'15 . • - :;•;n r " . pc.::"...!"...):::• :L .:• . '- , ... •:. • , : ' ; ..,•• • ; . . . ; . f . . ,::•,. • . • ;.‘. ••• ..;,,, :. ,: ... •;... ; ... . ' ;:;,' , '' . 4 .:: , :. :' 7 .. ,: : :•-li!:, , , : : - :i 7 !::::: ' 1..,"';';('..:::','!'..:::'."::..*:;;:',;!': 1:::•1,:.,,:;:•64).i'.1.ii.:thetverft' that:DEV.ELOPE R•Le ith PP , TaPs:4 0 '..TPIMbPrt...PITM:PFQw . QPQ . • • -...,....:;•":,..'•;:,....;.•;',....,:::.;', .,, i., 2. '''''''..: ...::'':•,',`'',..:...'.‘:,••••:',..•-• .: - ''''"'. -.'"'' • " ' • ,•-• - ..... -, ...• . .:. • .:•,•••• ‘ . • ...; :, ....::-... .......,.....,,......:•::••••••,, .: ' '': '•, ' ,.., ' ,'„i.,.-.•: : - ; : !.... , .farrit..iiliii .... ,'Eigi . .e . eiiiiiiii; of ' DEVELOPER fail8•.:•to'..7.0 Orn414:1• . 1:: OPY:':Pit$1..i0..fl',....i-0;'••00. •••.:..,. _H . ..... , ..!...-•.r...:... , ....•:.; , .',... - -:.::. .,...••••,';',.,-.....•.- ' • • • - . - • .: ..-...:". .'". '' • ''.....-•:•;:::;.. 1 ''. ..;:'.., •: .• ii :PiigHe'nigi' t,'$‘".iuii'aiisiu-eiliiiII:cOntitute.a.defautt..•••IirsuCh..eyentitiEVEfOPEtItigreei•ind 1 ...P.... ..,.: ,;.:i. ' :f...i.. :'• : :: , ••• - • , ...: ., : .,-,, .:' , 0 -. ... , ....: , .. ,, '•...• ' • • ' ,.-: ..‘ - - .. ........ ...., .--,,!..,,..; : ...,;,•.-.,.:;:;..-..:::.....:.:.;..:;,.•,..-:,:., .::...;;•. .;,.... • .,":.:•- •••..:..'.';',.;'.:-",",,'I ' ........•••::•::i::.:.::',14". ':,. !'. • ; .4 :ii t i .: "•'"'' : : ''. . . . •; :, .. ... ::...:-..: • .. : .. .• : • :.,',...; l :::: .•:' : : : : ....•'' : '; .:•:;;:':'..1 I - JI .: .. .. ...... • 0 : :... .:: !.- • .• ' • .: ' ....:'''' •. „.:,' ] .. .! i ., :7- : ... • : .. . ;:'•.. ::. ' . • ' - ',::" :I.: ' .. .''.: :::' ''.;';' .::: : ,:':', ‘''.,,; :''.."!-. ' , ' .. . : . . . - . . (1) ' . '11 the ten of this document with a., Sworn 1 staternerit'.:..0 ,- Development :Servideg th at u DEVEL.. 0 pg13...15.:.it.),..defaulf:shall.coligitii . ter .. . suffi evidence .•.;'....':: of judgrnent and DEVELOPER agrees thati-i(1 i canfeSs. ;. _..... . .•, .. • •,, • . ..c..•, , ! •"•-• .•.' - • • . • ., ••-.. .• • ••• • .,.. . . •.',.......,., . -....:.•,-- ......:,: ',;••• • • --,.,:. , . . .• . . - , •.;•:••':.."..•..: • • , - - ' - (2) CITY will not issue a certificate of occupancy for Watellii.rd'ipartments'.'., ..-,.....• f.. .,•.,!,::.,1: [.. ','•,- P .... • : r :aunt]] DEVELOPER cures such:default. - • .,,. . • '.• .. ,... • • . - (3) - Water line easement will not be filed by CITY until. DEVELOP c H ... , 4414'::410fault, ' ••' - ,k• .•:•-..i ' ,, I,,,,:, J : , . „... :••,••• , :.: , •: : •:,,:'•:',.'• - .......,••••.;,,....,'.'ll,I.,-;J: . • , •• ''''' (4) CITY'S• obl fgation to petforrn under this agreement shall cease. • :••••'".-•;• :•:-, ; : '2 ‘.... ::• P'.. '•/ ' f • t • I ' : I, • •• :',. ••..... •.; . 1 . 0 ■ I. 1 1 . i '' . 1 . . • •;• . ;',• ‘:. :••• •::::•,::......;.. : ..••• .1...:1, .:•:.,. A 1 j• , .; • (5) Any sums tendered by DEVELOPER under this agteement shall be used.t0:•!....'...:P:•... :r... . : . Offset any daniages.incLuTed by CITY. •• •::,:.',....;'. •••••• 4•";, •.:::.•• ',-.. K.. ; , . - . •: ,:!::•••,./.:•:::.,:.-,.. " .' ',",;:,'(••.:,' ,'• • . _ . , . ... .. .. 0 ., ,;.- • : . . • .., , . , . , . .. _. •---' caniiaili46 'clq-r2,1.% . .....:.......,.„....::-: - - ,...!.........:7...-.,,,,,,., • :,...,‘„ ,,,,, •••• .147)fie.::".,.2-i.tir .• ....,„ t :V. : ,•. 4 ....,..... '1: . i:P. : '■! ': ,": : ,: . . . .-...,.-••••• .,, , S.:;', .....*:.......:;;: : . ;;; .. I S,;: ''' •• • . . - .. .*, : . 1. l.'":'': JAN -14 -2003 11:15A�1 FROM -Asset Plus Corp. +713- 268 -5111 T -564 P.007/011 F -688 1 � 1 ��,�,. a il y.I. - _ �Y. �. .� ,t' :. •�-•,�:' .;4 rn. ; :,'�•; ::�nq,]� ' d. i,G, l 7 '..i! _ ''d ,�. ��I. .d r.. 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MR201I01 CITY OF COLLEGE STATION 1/14/03 B n � j � 14:43:39 Position to � Customer Type Balance � character(s) Type options, � Customer ID 5417 � 1= Select 5 � WATERFORD APARTMENTS � e(s) � Customer type code: DP � � Deposit Customer � Loan Opt ST Customer � � Number _ WATERBAR � � 220 _ Z WATERBAR � Balance Amount � 220 WATERFOR � Current .00 � 7 Z WATERFOR � Pending .00 � _ WATERS, � Previous .00 � _ * B WATERS, � Deposit 24,509.00 � _ WATERS, � � 752 _ B WATERS, � � 752 _ WATKINS, � � 638 B WATKINS, � � 638 WATKINS, � F12= Cancel Enter for detail information � More F3 =Exit F13= � � JAN -14 -2003 11:13At�1 FR0�1 -Asset Plus Corp. +713- 268-5111 T -564 P.001 F -686 ASSET PLUS CORFORATIQN 1800 BERING DIVE, SUITE 330 HOUSTON, TEXAS 77057 713. 782 - 5800/713- 268 -5111 rAX FACSIMILE TRANSMITTAL SHEET ro: FROG: Carol Comrx _ Jxna Doeu COMPANY: AATF.: City of College S�tion 1/14/03 PAX NUMBER: TOTAL NU. OF PAG aLS [NCLUDINC, CpVER: 979 - 7643496 12 PHONH NUl�[DER: SENDER'S REFERL•NCE NUi�ItiER: 979- 7G43570 _ RH: YOUR REFERENCE NUMBEIL: 2250 Dartmouth Dev. Agrec�ent .�_ _ I� URGENT Q FOR REVIEW ❑ PLfiRSB COb[MENT X PLEASE REPLY ❑ PLEASE. RECYCLE NOTES /COMN6ENT5: Caro], please review the following agreement As menrioned during our phone co�exsaaon, wc: arc intcrested in kaowin� that we will not be respons�lc for any furore obligations as rhey relate to the original agreezx�e�at between the developer and tk�e city. Please ca11. me once you make a dcrP•*+�+*+�tioxt_ 'T'hanks, J� Dom Carol Cotter -Fwd: Try Subdivision Development Agreement Page 1 , From: Brett McCully To: Carol Cotter Date: 3/18/03 10:40AM Subject: Fwd: Try Subdivision Development Agreement let me know if you get this! Brett »> Roxanne Nemcik 02/07/03 09:51AM »> Brett: I have reviewed the above - referenced development agreement. After discussing it with you last night at the P &Z meeting and reviewing the agreement this is my understanding. �he developer deposited $24,509.00 with the city upon signing of the development agreement in 1994. You have located those funds. dCornell is currently under construction by the adjacent property owner. The City did not construct Cornell. The City will be paying some OP on Cornell to the adjacent property owner. �✓ Waterford Apartments was constructed by Troy. Troy never submitted any design for Cornell Drive. You have tried to determine whether the easement referred to in the Troy Development Agreement was ever acquired by the City and whether the waterline was ever constructed in that easement but have not figured that out yet. Troy Subdivision does have water but it does not appear that it is connected where the development agreement says it will. Here are some questions that still have to be answered: Whether the easement was acquired by the City? Why did Troy tap in to a different waterline than specified in the D.A.? Is that waterline still necessary? Is the adjacent property going to construct the waterline and if so, will the City pay oversize participation on it? What are the actual costs of the design for Cornell Drive? What are the actual costs for the site preparation work for Cornell Drive? After you get all of these questions answered we can meet and discuss the developer and city obligations under the Troy Development Agreement. When you are ready to meet just send me an appointment or schedule one with Jan. Thanks. Carol Cotter -Fwd: Try Subdivision Development Agreement Page 1 From: Brett McCully To: Carol Cotter Date: 3/18/03 10:40AM Subject: Fwd: Try Subdivision Development Agreement let me know if you get this! Brett »> Roxanne Nemcik 02/07/03 09:51AM »> Brett: I have reviewed the above - referenced development agreement. After discussing it with you last night at the P &Z meeting and reviewing the agreement this is my understanding. The developer deposited $24,509.00 with the city upon signing of the development agreement in 1994. You have located those funds. Cornell is currently under construction by the adjacent property owner. The City did not construct Cornell. The City will be paying some OP on Cornell to the adjacent property owner. Waterford Apartments was constructed by Troy. Troy never submitted any design for Cornell Drive. You have tried to determine whether the easement referred to in the Troy Development Agreement was ever acquired by the City and whether the waterline was ever constructed in that easement but have not figured that out yet. Troy Subdivision does have water but it does not appear that it is connected where the development agreement says it will. Here are some questions that still have to be answered: Whether the easement was acquired by the City? Why did Troy tap in to a different waterline than specified in the D.A.? Is that waterline still necessary? Is the adjacent property going to construct the waterline and if so, will the City pay oversize participation on it? What are the actual costs of the design for Cornell Drive? What are the actual costs for the site preparation work for Cornell Drive? After you get all of these questions answered we can meet and discuss the developer and city obligations under the Troy Development Agreement. When you are ready to meet just send me an appointment or schedule one with Jan. Thanks.